BAP - Credicorp GAAP EPS of S/ 17.36 revenue of S/ 4.46B

May, 08 2023 12:58 AM Credicorp Ltd.

2023-05-08 00:58:46 ET

Credicorp press release ( NYSE: BAP ): Q1 GAAP EPS of S/ 17.36.
Revenue of S/ 4.46B (+21.5% Y/Y).
ROE of 18.7% Driven by Resilient Core Income.
In 1Q23, the Efficiency ratio1 stood at 44.3%. This evolution represented an improvement of 290 bps with regard to 1Q22 and reflected an uptick in operating income at BCP and Pacífico.
NII remained relatively stable Q/Q and stood at S/3,132 million.
The CET1 Ratio for BCP Stand-Alone at quarter-end was 11.9%, up 30 bps Y/Y but down 66 bps Q/Q which reflected a dividend declaration this quarter, CET1 at Mibanco rose 38 bps YoY to stand at 16.4% but declined 8 bps Q/Q.
Structural Loans, measured in average daily balances, declined 0.7% Q/Q, primarily due to seasonality in Wholesale Banking, but increased 9.7% Y/Y led by growth in Retail Banking at BCP and by Mibanco.
Total Deposits at quarter-end increased 1.1% Q/Q and 0.5% YoY to S/148,623 million.

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