Credicorp is a

financial services Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns finan ...

holding company A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...

Peru Peru, officially the Republic of Peru, is a country in western South America. It is bordered in the north by Ecuador and Colombia, in the east by Brazil, in the southeast by Bolivia, in the south by Chile, and in the south and west by the Pac ...

with a presence in

Colombia Colombia, officially the Republic of Colombia, is a country primarily located in South America with Insular region of Colombia, insular regions in North America. The Colombian mainland is bordered by the Caribbean Sea to the north, Venezuel ...

Bolivia Bolivia, officially the Plurinational State of Bolivia, is a landlocked country located in central South America. The country features diverse geography, including vast Amazonian plains, tropical lowlands, mountains, the Gran Chaco Province, w ...

Chile Chile, officially the Republic of Chile, is a country in western South America. It is the southernmost country in the world and the closest to Antarctica, stretching along a narrow strip of land between the Andes, Andes Mountains and the Paci ...

Panama Panama, officially the Republic of Panama, is a country in Latin America at the southern end of Central America, bordering South America. It is bordered by Costa Rica to the west, Colombia to the southeast, the Caribbean Sea to the north, and ...

and the

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

. It currently has a

universal bank A universal bank is a type of bank which participates in many kinds of banking activities and is both a commercial bank and an investment bank as well as providing other financial services such as insurance. These are also called full-service ...

ing, insurance and pension platform, with a microfinance, investment banking and wealth management presence in Latin America. Krealo, the innovative arm of the corporation, creates and invests in fintechs and startups in Latin America. Its main operating subsidiaries are

Banco de Crédito del Perú Banco de Crédito del Perú is the largest bank and the largest supplier of integrated financial services in Peru with approximately US$39 billion in total assets and a market share of 30.4% in total loans and 33.5% in total deposits. Operations ...

(BCP), Mibanco, BCP Bolivia, Atlantic Security Bank (ASB), Grupo Pacífico Seguros, Prima AFP, and Credicorp Capital. Credicorp has four lines of business: universal banking, microfinance, insurance and pensions, and investment banking and wealth management. Credicorp was established in 1995 through the acquisition of the majority of the common shares of Banco de Crédito del Perú, Atlantic Security Holding Co. and Pacífico Seguros. The company was then listed on the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

and the common shares have been traded there ever since.

History

Credicorp was founded in 1995 after acquiring the common shares of Banco de Crédito del Perú (BCP), Atlantic Security Holding Corporation and Pacífico Compañía de Seguros y Reaseguros S.A.: 90.1%, 98.2% and 75.8%, respectively. The shares began trading on the New York Stock Exchange after the exchange offering. In 1996, Credicorp acquired the remaining 1.8% of the shares of Atlantic Security Holding Corporation. In 2012, Credicorp acquired the majority of the shares of Correval (Colombia) and IM Trust (Chile), thus forming the company known today as Credicorp Capital. In 2019, Ultraserfinco was acquired in Colombia. Today, Credicorp has around 20 million clients at an international level in its different operations. It has more than 36 thousand employees serving around 10 million clients in universal banking, around 2 million in microfinance, around 5 million clients in insurance, and 2.4 million members in the pension business line.

External links

Official website
{{Authority control Companies listed on the New York Stock Exchange Financial services companies of Peru Financial services companies established in 1995 Peruvian brands Companies in the S&P/BVL Peru General Index Companies in the S&P Latin America 40