BAP
Financial ServicesCredicorp Ltd. · Banks - Diversified · $27B
What is Credicorp Ltd.?
Credicorp Ltd. is Peru's largest financial holding company, offering banking, insurance, pension, microfinance, and investment services. Headquartered in Lima, it serves individuals, businesses, and institutions across Peru and select international markets.
Credicorp generates revenue through four core segments: universal banking, which handles deposits and lending; insurance and pensions, covering property, life, health, and private pension management; microfinance, serving small and micro enterprises with tailored credit products; and investment banking and wealth management, which structures capital markets transactions and manages mutual funds for institutional and corporate clients.
Credicorp was incorporated in 1995 and is headquartered in Lima, Peru.
- Universal banking — deposits, loans, and financial instruments
- Insurance and private pension fund management
- Microfinance lending for small and micro enterprises
- Investment banking, wealth management, and mutual funds
Is BAP a Good Stock to Buy?
UQS Score rates BAP as Good overall, reflecting a balanced profile across its five analytical pillars.
Credicorp's Quality pillar stands out as Strong, indicating a well-run business with durable financial characteristics relative to sector peers. The Valuation pillar is rated Attractive, suggesting the market may not be fully pricing in the company's underlying fundamentals. Risk is also rated Good, pointing to a relatively stable risk profile for a large emerging-market financial institution.
The Moat and Growth pillars both register as Neutral, indicating that competitive advantages and near-term expansion prospects are in line with — rather than ahead of — sector norms.
See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does BAP pay dividends?
Yes — Credicorp Ltd. pays a dividend.
Credicorp pays a regular dividend, consistent with its position as a mature, large-cap financial holding company. The dividend reflects the company's capacity to return capital to shareholders while maintaining operations across banking, insurance, and pension segments. Investors seeking income exposure to Latin American financials may find BAP's dividend cadence relevant to their screening.
When does BAP report earnings?
Credicorp reports earnings on a quarterly cadence, typical for internationally listed financial holding companies.
Credicorp's earnings profile reflects the breadth of its diversified financial services model, with contributions from banking, insurance, and microfinance segments. Performance tends to be influenced by Peruvian macroeconomic conditions, credit cycle dynamics, and currency movements.
For the most recent quarter's results and guidance, visit Credicorp's official investor relations page.
BAP Price History
+201.7% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Credicorp Ltd.?
Based on Credicorp Ltd.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
BAP Long-term Outlook
Credicorp's Growth pillar is rated Neutral, suggesting the company is expanding at a pace broadly in line with sector averages rather than outpacing peers. The Good Risk rating indicates the business is navigating its operating environment with reasonable stability. The Attractive Valuation pillar implies there may be room for the market to re-rate the stock if fundamentals hold.
Growth drivers
- Deepening financial inclusion and microfinance penetration in Peru
- Expansion of insurance and pension products across underserved demographics
- Capital markets activity through the investment banking segment
Key risks
- Macroeconomic and political volatility in Peru affecting credit quality
- Currency risk from operating primarily in Peruvian soles
- Competitive pressure in banking and insurance from regional and global entrants
BAP vs Peers
While Credicorp operates primarily in Peru, it is often benchmarked against other large-cap financial holding companies in global screens.
Citizens Financial is a US-focused retail and commercial bank, offering a developed-market contrast to Credicorp's emerging-market, multi-segment model.
Huntington Bancshares concentrates on Midwestern US consumer and business banking, without the insurance, pension, or microfinance diversification that defines Credicorp.
Regions Financial operates across the US South and Midwest, competing on traditional banking products rather than the integrated financial services platform Credicorp runs in Peru.
Frequently Asked Questions
What does Credicorp do?
Credicorp is Peru's largest financial holding company. It operates across universal banking, insurance and pensions, microfinance, and investment banking and wealth management. The company serves individuals, small businesses, corporations, and institutional clients primarily in Peru, with some international presence.
Does BAP pay dividends?
Yes, Credicorp pays a regular dividend. As a large, established financial holding company, it has the capacity to return capital to shareholders alongside reinvesting in its diversified business segments. Investors should check Credicorp's investor relations page for the most current dividend details.
When does BAP report earnings?
Credicorp reports earnings on a quarterly basis, in line with standard practice for internationally listed companies. For exact release dates and upcoming earnings schedules, refer to Credicorp's investor relations page directly.
Is BAP a good stock to buy?
UQS Score rates BAP as Good overall. The Quality pillar is Strong and Valuation is Attractive, which are positive signals. Moat and Growth are both Neutral, meaning competitive positioning and expansion pace are average relative to peers. The full pillar breakdown is available to Pro members.
Is BAP overvalued?
The UQS Valuation pillar for BAP is rated Attractive, suggesting the stock may be trading at a reasonable or favorable price relative to its fundamentals. This does not constitute a price target or buy recommendation — see the full valuation analysis in a Pro account.
How does BAP compare to its competitors?
Credicorp is differentiated by its multi-segment model spanning banking, insurance, pensions, microfinance, and capital markets — all within an emerging-market context. Peers like Citizens Financial, Huntington Bancshares, and Regions Financial are US-focused banks without Credicorp's geographic and product breadth.
What is BAP's market cap bracket?
Credicorp is classified as a large-cap company. This places it among the more substantial financial institutions in global emerging-market screens, reflecting the scale of its operations across Peru's banking, insurance, and pension sectors.
Who founded Credicorp?
Credicorp was incorporated in 1995 as a holding structure, though its core subsidiary Banco de Crédito del Perú traces its origins to 1889. Founding and historical context is widely available through Credicorp's official corporate history and investor relations materials.
Is BAP a long-term quality investment?
From a quality indicator perspective, BAP's Strong Quality pillar and Good Risk rating suggest the business has durable characteristics that may support long-term holding. Neutral Moat and Growth ratings indicate the company is not outpacing peers on competitive advantage or expansion. Pro members can view the complete long-term quality analysis.
What is the main competitive advantage of Credicorp?
Credicorp's primary advantage lies in its integrated financial services platform — combining banking, insurance, pensions, microfinance, and investment banking under one holding structure in Peru. This diversification provides multiple revenue streams and cross-selling opportunities that a single-line financial institution cannot easily replicate.
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Pro Analysis
BAP — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 67.8 | 96.5 | 45.0 | 43.9 | 61.1 | 96.8 | +0.1 |
| May 21, 2026 | 67.7 | 96.5 | 45.0 | 43.5 | 61.1 | 96.7 | +0.1 |
| May 19, 2026 | 67.6 | 96.5 | 45.0 | 42.7 | 61.1 | 97.0 | 0.0 |
| May 17, 2026 | 67.6 | 96.5 | 45.0 | 42.7 | 61.1 | 96.8 | 0.0 |
| May 16, 2026 | 67.6 | 96.5 | 45.0 | 42.6 | 61.1 | 97.1 | +0.1 |
| May 14, 2026 | 67.5 | 96.5 | 45.0 | 42.3 | 61.1 | 96.8 | +0.1 |
| May 13, 2026 | 67.4 | 96.5 | 45.0 | 42.3 | 61.1 | 96.2 | +0.1 |
| May 11, 2026 | 67.3 | 96.5 | 45.0 | 41.6 | 61.1 | 96.2 | +0.3 |
| May 10, 2026 | 67.0 | 96.5 | 45.0 | 41.6 | 61.1 | 94.5 | 0.0 |
| May 8, 2026 | 67.0 | 96.5 | 45.0 | 40.0 | 61.1 | 96.4 | 0.0 |
BAP — Pillar Breakdown
Quality
— 96.5/100 (25%)Credicorp Ltd. demonstrates outstanding capital efficiency and profitability, placing it among the highest-quality businesses in the market.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 43.9/100 (20%)Credicorp Ltd. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 61.1/100 (15%)Credicorp Ltd. maintains a reasonable risk profile with manageable debt levels.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 97.9/100 (15%)Credicorp Ltd. appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 45/100 (25%)Credicorp Ltd. possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for BAP.
Score Composition
Financial Data
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How is the BAP UQS Score Calculated?
The UQS (Unified Quality Score) for Credicorp Ltd. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Credicorp Ltd.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Credicorp Ltd. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.