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Fixed Income Presentation
Third Quarter 2017
Disclaimer
Color
Scheme
235 181 59
168 168 168
110 110 110
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2
The information contained herein has been prepared by Banco de Crédito del Perú (“BCP”) solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell
any securities and should not be treated as giving investment or other advice. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or
reliability of the information contained herein. Any opinions expressed in this presentation are subject to change without notice and BCP is under no obligation to update or keep current the
information contained herein. The information contained herein does not purport to be complete and is qualified in its entirety by reference to more detailed information appearing elsewhere, if
any. BCP and its respective affiliates, agents, directors, partners and employees accept no liability whatsoever for any loss or damage of any kind arising out of the use of all or any part of this
material.
This presentation may contain statements that are forward-looking subject to risks and uncertainties and factors, which are based on current expectations and projections about future events
and trends that may affect BCP’s business. You are cautioned that any such forward-looking statements are not guarantees of future performance. Several factors may adversely affect the
estimates and assumptions on which these forward-looking statements are based, many of which are beyond our control.
Investment Highlights
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
3
Disciplined and Conservative Capital Management
Peru: Strong Macroeconomic Fundamentals and Underpenetrated Financial System
Leading Financial Institution in Latin America and Peru
Solid Growth and Profitability with Strong Efficiency Levels
Solid Asset Quality and Stable Funding Base
Comprehensive Business Strategy with Strong Governance Focus
1
2
3
5
6
4
Macroeconomic Outlook
Peruvian Financial System
2.3%
2.8%
1.9%
2.5%
3.3%
Peru Colombia Chile Mexico Brazil
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
5
1 The Peruvian Financial System is an Attractive and Underpenetrated
Market
Loans & Deposits Penetration (% of GDP)(1) ATM’s per each 100,000 adults(2)
Past Due Loans +90 days / Gross Loans(3) Profitability (%)(4)
43.7% 50.6%
92.8%
24.8%
54.6%
39.4% 41.4%
75.1%
26.8%
35.0%
Peru Colombia Chile Mexico Brazil
Gross Loans / GDP Deposits / GDP
Note: Data from different sources may not be entirely comparable.
(1) Source: SBS and Banking Regulatory Agencies of Chile, Colombia, Brazil and Mexico as of December 31, 2016. Data includes each country´s Financial System Loans and Deposits.
(2) Source: Banking Regulatory Agencies of each country as of December 31, 2015.
(3) Past Due Loans with +90 days past due. Source: SBS for Peru and World Bank for Brazil, Chile and Colombia as of December 31, 2015.
(4) Source: SBS and Banking Regulatory Agencies of each country as of December 31, 2016.
18.5%
14.4%
11.8% 11.9%
10.2%
2.0% 2.2% 0.9% 1.2% 1.0%
Peru Colombia Chile Mexico Brazil
ROAE ROAA
24
32
44 39
87
Peru Colombia Chile Mexico Brazil
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
6
1 Behavior of Loans and Deposits are in Line with Economy
Annualized Domestic Demand vs. Loans (% change YoY) Deposits by Currency
Loans by Currency Dollarization (%)
Source: BCRP and SBS as of September 2017.
0%
5%
10%
15%
20%
25%
mar-14 sep-14 mar-15 sep-15 mar-16 sep-16 mar-17
Loans (% YoY) Domestic Demand (% YoY)
198
25
-
5
10
15
20
25
30
35
-
50
100
150
200
250
mar-13 sep-13 mar-14 sep-14 mar-15 sep-15 mar-16 sep-16 mar-17 sep-17
Volumes in US$BN
Volumes in S/BN
LC FC
169
30
-
5
10
15
20
25
30
35
40
-
20
40
60
80
100
120
140
160
180
mar-13 sep-13 mar-14 sep-14 mar-15 sep-15 mar-16 sep-16 mar-17 sep-17
Volumes in US$BN
Volumes in S/BN
LC FC
28.5
39.1
-
5
10
15
20
25
30
35
40
45
50
mar-13 sep-13 mar-14 sep-14 mar-15 sep-15 mar-16 sep-16 mar-17 sep-17
Loans Deposits
BCP Overview
30.6%
25.7% 23.3%
17.8% 16.5% 16.5%
BCP Bancolombia BBVABancomer
SantanderChile
Banco deChile
ITAU
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
8
2 BCP has One of the Best Banking Platforms in Latin America
Local Loan Market Share (%)(1) Total Gross Loans to Deposits Ratio (%)
Efficiency (%)(2) ROAE (%)
Source: Data from different sources may not be entirely comparable.
(1) Market share is calculated for the Banking System.
(2) (Operating Expenses excluding Other Operating Expenses) / (Gross Financial Margin + Banking Services Commissions + Net Gain on Foreign Exchange Transactions + Net Result from Derivatives Instruments).
92.8% 105.5%
123.9% 130.0%
137.4% 139.8%
BBVABancomer
Bancolombia ITAU Banco deChile
SantanderChile
10.6%
19.6% 19.7% 21.4% 21.7%
23.4%
Bancolombia Banco deChile
SantanderChile
ITAU BBVABancomer
39.20% 40.20% 42.77%
45.50% 46.02%
51.84%
BBVABancomer
SantanderChile
ITAU Banco deChile
Bancolombia
22%
20%
16%
21%
BCP BBVA Scotiabank Interbank
31%
19%
16%
8%
BCP BBVA Scotiabank Interbank
30%
19%
13%
9%
BCP BBVA Scotiabank Interbank
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
9
2
Source: SBS as of September 30, 2017.
(1) Market share is calculated for the Peruvian Financial System. BCP unconsolidated figures plus Mibanco, BBVA figures include Financiera Confianza, Scotiabank figures include Crediscotia Financiera, and Interbank
figures include Financiera Oh!.
BCP is the Leader in the Peruvian Financial System
Rank Market Share (%)
Wholesale Loans 1 34%
SME Loans 1 37%
Microfinance Loans 1 28%
Consumer Loans 1 18%
Credit Cards 1 21%
Mortgage Loans 1 31%
Total Loans 1 31%
Demand Deposits 1 33%
Savings Deposits 1 35%
Time Deposits 1 23%
CTS Deposits 1 36%
Total Deposits 1 30%
Leading Financial Institution in Peru(1) #1 in Loans (Market Share %)(1)
#1 in Deposits (Market Share %)(1) Most Profitable Bank (ROAE %)
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
10
2
(1) Data considers BCP and Mibanco branches and excludes branches outside of Peru. Source: SBS as of September 30, 2017.
*Includes Edyficar for the period (2010 – 2014)
Sources: BCP, SBS.
Total Branches 752
Branch Network National Coverage(1) BCP’s Network has Expanded Steadily
BCP Stand Alone- Number of transactions – Monthly average
(Millions of transactions) BCP Stand-Alone - Growth of Electronic Transactions (%)(2)
7
29
6
41
7
27
31 1
9
17
28
36
24
343
5
2
8
4
41
24
15
10
5
6
BCP has a Convenient Distribution Network
2Q17
114.3
1Q17
108.3
2016
102.4
2015
97.2
2014
90.8
2013
84.3
2012
79.6
2011
60.8
2010
49.9
2009
43.0
2008
36.6
3Q17
123.1
+20%
7%
93%
1Q17
8%
92%
2016
8%
92%
2015
9%
91%
2014
10%
90%
2013
11%
89%
2012
14%
86%
2011
16%
84%
2010
20%
80%
2009
24%
76%
2008
27%
73%
2007
30%
70%
1993
97%
3%
2Q17
7%
93%
3Q17
Teller Electronic channels
+5.7%
2Q17
9,109
321
6,017
2,344
427
1Q17
9,065
318
5,986
2,332
429
2016
9,187
313
6,098
2,345
431
2015
8,793
321
5,732
2,295
445
2014
8,133
328
5,157
2,226
422
2013
8,419
119
5,820
2,091
389
2012
8,042
118
5,713
1,844
367
2011
6,621
117
4,674
1,485
345
9,257
6,173
2,332
326
3Q17
426
Branches Mibanco* ATMs Agentes Branches BCP
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Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
11
3
(1) Cost of risk = Annualized provisions for loan losses / Total loans.
(2) Efficiency ratio for the period is calculated by dividing (i) operating expenses deducting other operating expenses by (ii) gross financial margin adding fees and commissions from banking services plus net gains
on foreign exchange transactions plus net result from derivative instruments for the period.
Solid Growth and Profitability – Quarterly Highlights
Profitability
Net income(1): S/ 820 million ▲ 9.9% QoQ and ▲ 9.1% YoY
ROAE: 23.1% ▲ 84 bps QoQ and ▼ 71 bps YoY
ROAA: 2.5% ▲ 18 bps QoQ and ▲ 14 bps YoY
Loan
portfolio
Nominal growth: ▲ 1.3% QoQ and ▲ 0.2% YoY in quarter-end balances
▲ 0.5% QoQ and ▲ 0.6% YoY in average daily balances
Provisions for loan losses: ▼ 21.6% QoQ and ▼ 16.4% YoY
Cost of risk(1): 1.51% ▼ 44 bps QoQ and ▼ 30 bps YoY
NII & NIM
Net interest income: S/ 1,788 million ▲ 2.6% QoQ and ▲ 0.6% YoY
NIM: 5.62% ▲ 2 bps QoQ and ▼ 17 bps YoY
NIM after provisions: 4.59% ▲ 33 bps QoQ and ▲ 8 bps YoY
Efficiency Efficiency ratio(2): 42.57% ▼ 167 bps QoQ and ▼ 118 bps YoY
Capital CET1 ratio: 11.93% ▲ 39 bps QoQ and ▲ 129 bps YoY
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
12
3
1. Net income from continuing operations. Net income from discontinued operations was S/0, and S/141 MM as of September 2017, and September 2016, respectively.
2. Cost of risk = Annualized provisions for loan losses / Total loans.
Solid Growth and Profitability – YTD Highlights
Profitability
Net income(1): S/ 2,282 million ▲ 11.6%
ROAE: 21.4% ▼ 176 bps
ROAA: 2.3% ▲ 13 bps
Loan
portfolio
Nominal growth: ▼ 0.6% in quarter-end balances
▼ 0.2% in average daily balances
Provisions for loan losses: ▼ 1.6%
Cost of risk(2): 1.95% ▼ 4 bps
NII & NIM
Net interest income: S/ 5,290 million ▲ 2.4%
NIM: 5.61% ▲ 15bps
NIM after provisions: 4.28% ▲ 17 bps
Efficiency Efficiency ratio: 42.77% ▼ 79 bps
Capital CET1 ratio: 11.93% ▲ 85 bps
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
13
3
(1) From 1Q15 to 4Q15 includes BCP Bolivia, work out unit, and other banking. Since 1Q16 includes work out unit and other banking.
Loan Portfolio
Loan Portfolio Evolution - Q-end vs. Avg. Daily Balances (S/ Millions)
Loan Portfolio Mix – Avg. Daily Balances Loan by currency – Avg. Daily Balances
86,709
3Q16
85,793
86,046
3Q17
86,327
86,195
2Q17
85,891
85,091
1Q17
86,141
84,733
4Q16
86,545
Total Loans avg. Daily balances (+0.5% QoQ) Q-end Total Loans (+1.3% QoQ)
3Q17
46.7%
10.2%
42.2%
47.4%
9.7% 0.9%
1Q17 2Q17
41.3%
0.8% 0.8% 10.1%
41.6%
0.9% 10.0%
4Q16
41.6%
47.9% 47.8%
3Q16
0.8% 9.5%
41.3%
48.4%
Retail Banking Wholesale Banking Microlending Others (1)
3Q16
33.9%
66.1% 65.0%
33.9%
66.1%
1Q17
35.0%
4Q16
35.6% 35.6%
64.4%
2Q17
64.4%
3Q17
Foreign Currency Domestic currency
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
14
3 Loan Portfolio Growth
Loan growth contribution QoQ (Average daily balances)
Loan Portfolio Mix – Avg. Daily Balances
Total Loans
3Q17
-42
86,327
US Dollar
appreciation
Mibanco
149
BCP - Retail Banking
712
BCP - Wholesale Banking
-383
Total Loans
2Q17
85,891
Nominal growth +0.5%
Real growth +0.6%
86,327
-1,434
Mibanco US Dollar
appreciation
Total Loans
3Q17
1,402
BCP - Retail Banking
703
-150
85,806
Total Loans
3Q16
BCP - Wholesale Banking
Nominal growth +0.6%
Real growth +2.3%
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
15
3
(1) Average daily balances.
(2) Includes work out unit, and other banking.
Loan portfolio by segment
Loans by Business Segment(1)
Loan portfolio evolution by segment(1)
30%
9% 15% 8% 5% 10% 1% 31%
3Q16 16% 5% 9% 15% 8% 5% 10% 1% 32%
17% 5% 10% 15% 8% 5% 10% 1% 3Q17
2Q17 16% 5%
Corporate
SME - Pyme Consumer
Credit Card Others (2) SME - Business
Middle - Market
Mortgage
Mibanco
Loans Quarter % Part. 3Q17
% nominal change % real change
S/ Millions 3Q16 2Q17 3Q17 QoQ YoY QoQ YoY
Wholesale Banking 41,519 40,742 40,331 46.72% -1.0% -2.9% -0.9% -0.4%
Corporate 27,733 26,939 25,899 30.00% -3.9% -6.6% -3.8% -4.1%
Middle - Market 13,786 13,803 14,432 16.72% 4.6% 4.7% 4.6% 7.2%
Retail Banking 35,425 35,724 36,433 42.20% 2.0% 2.8% 2.0% 3.9%
SME - Business 4,460 4,433 4,704 5.45% 6.1% 5.5% 6.2% 8.1%
SME - Pyme 7,601 7,922 8,240 9.55% 4.0% 8.4% 4.0% 8.6%
Mortgage 12,617 12,584 12,745 14.76% 1.3% 1.0% 1.3% 2.2%
Consumer 6,448 6,502 6,514 7.55% 0.2% 1.0% 0.2% 1.8%
Credit Card 4,299 4,283 4,230 4.90% -1.2% -1.6% -1.2% -1.0%
Mibanco (2) 8,158 8,593 8,689 10.07% 1.1% 6.5% 1.7% 8.6%
Others (3) 704 741 736 0.85% -0.7% 4.5% -1.7% 5.3%
Total 85,806 85,891 86,327 100% 0.5% 0.6% 0.6% 2.3%
50.4% 44.7% 47.6% 47.4%
94.6% 96.2% 73.5% 75.2% 85.2% 84.0% 88.7% 87.0% 93.6% 94.2%
50% 55% 52% 53%
5% 4%
27% 25% 15% 16% 11% 13% 6% 6%
3Q16 3Q17 3Q16 3Q17 3Q16 3Q17 3Q16 3Q17 3Q16 3Q17 3Q16 3Q17 3Q16 3Q17
BCP Wholesale Banking BCPSME-Business
BCPSME-Pyme
BCPMortgage
BCPConsumer
BCPCredit Card
Mibanco
PEN USD
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
16
3
(1) Average daily balances.
(2) Includes work out unit, and other banking.
Loan portfolio by currency
Loan dollarization by segment YoY(1)
Loans Local currency loans (1) (Expressed in million PEN) Foreign currency loans (1) (Expressed in million USD)
S/ Millions 3Q16 2Q17 3Q17 QoQ YoY % Part.
3Q17 3Q16 2Q17 3Q17 QoQ YoY
% Part.
3Q17
Wholesale Banking 20,946 18,460 18,014 -2.4% -14.0% 32.4% 5,941 6,711 6,843 2.0% 15.2% 72.9%
Corporate 14,009 11,765 11,118 -5.5% -20.6% 20.0% 4,071 4,609 4,660 1.1% 14.5% 49.7%
Middle - Market 6,937 6,695 6,896 3.0% -0.6% 12.4% 1,870 2,102 2,183 3.9% 16.7% 23.3%
Retail Banking 27,890 28,366 28,895 1.9% 3.6% 52.0% 2,198 2,245 2,260 0.7% 2.8% 24.1%
SME - Business 2,121 2,117 2,229 5.3% 5.1% 4.0% 665 705 711 0.9% 6.9% 7.6%
SME - Pyme 7,187 7,599 7,926 4.3% 10.3% 14.3% 130 107 99 -7.5% -23.8% 1.1%
Mortgage 9,273 9,413 9,589 1.9% 3.4% 17.3% 991 971 974 0.3% -1.7% 10.4%
Consumer 5,494 5,471 5,469 0.0% -0.5% 9.8% 277 311 317 1.9% 14.4% 3.4%
Credit Card 3,815 3,766 3,682 -2.2% -3.5% 6.6% 135 151 159 5.3% 17.8% 1.7%
Mibanco 7,638 8189 8331 1.7% 9.1% 15.0% 132 126 125 -0.8% -5.3% 1.3%
Others (2) 284 331 333 0.6% 17.3% 0.6% 160 155 153 -1.3% -4.4% 1.6%
Total 56,758 55,346 55,573 0.4% -2.1% 100.0% 8,431 9,237 9,381 1.6% 11.3% 100.0%
5% of total loans 15% of total loans
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
17
3 Strong Efficiency Levels and Stable Margins
Source: BCP consolidated figures as of June 30, 2017.
(1) Non-Interest Income: Banking Services Comissions (net) + Net Gain (Loss) on Sale of Securities + Net Gain on Foreign Exchange Transactions + Other Non-Financial Income. (2) (Operating Expenses – Other Operating Expenses ) / (Gross Financial Margin + Banking Services Commissions + Net Gain on Foreign Exchange Transactions + Net result from derivative instruments). (3) Net Interest Margin represents net interest income divided by average interest-earning assets.
Net interest income (S/ Millions) Efficiency (%)(2)
Net Interest Margin P&L Breakdown - Variations Sep16 vs. Sep17 (PEN Bn)
1,743
-673
2,416
-1,918
7,084
3Q17
1,788
-659
2,447
2Q17
-1,989
5,166 5,290
Sep-17
+2.6%
7,279
+0.6% +2.4%
Sep-16 3Q16
1,777
-646
2,423
Interest Income Interest Expense
3Q16 Sep-16
5.5% 5.8%
4.6% 4.1%
5.5%
8.1%
3Q17
5.6%
8.2%
4.5%
Sep-17
8.1%
5.6%
4.3% 4.2%
2Q17
8.4% 8.4%
NIM on loans NIM after provisions NIM
-3% -2%
43.6%
Sep-16
43.8%
3Q16
42.6%
3Q17 2Q17
42.8% 44.2%
Sep-17
21 2,044
Net Income
Sep-16
Oper. And
Other Exp.
& Tax
Non Int.
Income
261
Prov.of
Losses
2,282
Fin.Expense
-168 -71
Fin. Income
195
Net Income
Sep-17
2.61% 2.64% 2.93% 3.13% 3.20%
0.90% 0.93% 0.99% 1.04% 1.21%
156% 161% 153% 158%
154%
119% 122% 116% 119% 111%
3Q16 4Q16 1Q17 2Q17 3Q17
PDL Ratio Ref. & Restr. Ratio
PDL Coverage Ratio Ref. & Restr. Coverage Ratio
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
18
4
Source: BCP consolidated figures as of September 30, 2017.
(1) (i) PDL Ratio: Past Due Loans (+16 days) / Total Gross Loans; (ii) Ref. & Restr. Ratio: Refinanced + Restructured Loans / Total Gross Loans; (iii) PDL Coverage Ratio: Total Reserve for Loan Losses / Past Due
Loans (+16 days); (iv) Ref. & Restr. Coverage Ratio: Reserve for Loan Losses / (Past Due Loans (+16 days) + Refinance & Restructured Loans); (v) NPL Ratio: Past Due Loans (+16 days) + Ref. & Rest. Ratios.
(2) Source: SBS. BCP unconsolidated figures as of September 30, 2017.
Strong Asset Quality and Ample Coverage Levels
NPL Ratio
3.84% 3.83% 4.13%
4.41%
Cost of Risk & Provisions Coverage Ratios (%)(1)
Past Due Loans by Currency (%) BCP Stand Alone - Past Due Loans by Days Overdue (as a % of
Total Loans)(2)
1.51%
1.96%
2.45%
2.14%
1.81%
Cost of Risk
3Q17
326
2Q17
416
1Q17
519
4Q16
463
3Q16
390
Provisions
3Q17 2Q17
3.81%
1.85%
1Q17
3.84%
1.87%
4Q16
3.49%
1.80%
3Q16
3.48%
1.93% 1.77%
3.97%
PEN USD
4.14%
0.62
4Q16
2.71
2.22
0.49
3Q16
2.74
2.22
0.52
3Q17
2.99
2.25
0.74
2Q17
2.90
2.43
0.47
1Q17
2.94
2.32
PDL 90 days overdue
PDL 16-89 days overdue
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
19
4 Cost of Risk by Segment
0.06%
0.56%
3.71%
3.78%
7.56%
0.57%
3.77%
2Q17
0.21%
0.43%
3.70%
4.40%
7.93%
0.69%
4.13%
1Q17
1.28%
0.22%
4.26%
5.04%
8.86%
0.94%
4.94%
4Q16
0.62%
0.49%
4.83%
3.35%
7.95%
3Q17
4.97%
3Q16
-0.05%
0.50%
2.35% 3.17%
8.10%
1.02%
5.71%
5.19%
Wholesale Consumer
Mortgage Mibanco
Credit Card
SME - Business
SME - Pyme
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
20
4 Past Due Loans by Segment
4.74% 4.99%
13.14%
12.70%
5.01%
5.79%
4.51%
2.65%
3.07%
4Q16
0.29%
2.66%
3.02%
4.39%
4.65%
4.49%
12.41%
3Q16
0.28%
4.56%
1Q17
5.01%
2.93%
0.31%
12.40%
2.89%
4.32%
3Q17
0.48%
4.59%
2.98%
4.66%
4.60%
4.89%
2.96%
2Q17
0.43%
3.01%
2.92%
12.44%
Mortgage Mibanco
Consumer Wholesale Credit Card
SME - Business
SME - Pyme
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
21
4
(1) Cost of risk = Annualized provisions for loan losses / Total loans.
Portfolio quality and Cost of risk
SME - Pyme
SME - Business
4.33% 4.59%
4.24% 4.09% 4.38%
4.88% 4.96% 4.73% 5.21%
5.55% 5.29%
5.01%
4.49%
5.79%
5.01% 4.89% 5.11%
5.30% 5.05%
4.78% 5.06%
5.88% 5.91% 5.56%
6.01% 6.31% 6.00%
6.07% 5.66%
6.83% 6.31%
5.99%
0.98% 0.64%
1.71%
1.08% 1.50%
1.09% 0.96%
1.99% 1.55% 1.44%
0.77% 1.02%
2.35%
0.94% 0.69% 0.57%
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17
S/ Billions
Loans (Left axis) PDL ratio NPL ratio Cost of risk (1)
9.19%
10.29% 10.73% 10.57%
10.61% 11.54% 12.00% 11.91%
11.10% 12.43% 12.91% 12.70% 12.41%
13.14% 12.40% 12.44%
11.00% 12.22%
12.93% 12.86% 14.17%
15.44% 16.08% 15.89%
15.06% 16.15% 16.37% 16.08% 15.84%
16.67% 16.22% 16.09%
7.02% 7.57% 8.13%
6.69% 6.03% 6.50% 6.88%
6.24% 6.02% 5.55% 6.24% 5.71%
4.97% 4.94% 4.13% 3.77%
3.06% 3.18% 3.36% 2.88% 2.76% 2.72% 3.01% 2.79% 2.33% 2.75% 2.91% 2.76% 2.19% 2.22% 1.91% 1.80%
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17
S/ Billions
Loans (Left axis) PDL ratio NPL ratio Cost of risk (1) Early delinquency (>60 - <150)
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
22
4
(1) Cost of risk = Annualized provisions for loan losses / Total loans.
Portfolio quality and Cost of risk
Consumer
Credit Card
2.17% 2.21% 2.42% 2.38% 2.35% 2.16% 2.44% 2.42% 2.62% 2.71%
2.96% 3.07% 3.02% 2.93% 2.92% 2.98%
4.91% 4.94% 5.05%
5.12% 5.34% 5.12% 5.55%
5.60%
5.84% 5.82% 5.95%
5.97% 6.03% 6.13% 6.40%
6.69%
5.93%
6.55% 7.10%
5.79% 5.48%
5.91% 6.02%
5.54%
5.86%
6.37% 6.50%
5.19% 4.83%
4.26% 3.70% 3.71%
2.11% 1.91% 2.21%
1.97% 1.88% 1.73% 1.95% 1.90% 1.97% 2.10% 2.31%
2.06% 1.82% 1.63% 1.66% 1.64%
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17
S/ Billions
Loans (Left axis) PDL ratio NPL ratio Cost of risk (1) Early delinquency (>60 - <150)
5.76% 5.91% 5.45%
5.04% 4.26% 4.12% 4.12% 3.93% 4.17%
4.86% 5.02% 4.74% 4.65% 4.99% 4.32% 4.60%
6.62% 6.77% 6.19%
5.75% 4.94% 4.87% 4.96% 4.85% 5.10%
5.81% 6.06% 5.90% 5.90% 6.35%
5.78% 6.05%
9.00% 9.56%
9.16%
7.06% 7.28% 7.70%
8.04% 7.35%
8.54% 9.18%
9.71%
8.10% 7.95%
8.86%
7.93% 7.56%
3.16% 3.54%
3.14% 2.69% 2.47% 2.33% 2.44% 2.24%
2.62% 2.86% 3.00% 2.62% 2.56% 2.68% 2.44% 2.34%
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17
S/ Billions
Loans (Left axis) PDL ratio NPL ratio Cost of risk (1) Early delinquency (>60 - <150)
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
23
4
(1) Cost of risk = Annualized provisions for loan losses / Total loans.
Portfolio quality and Cost of risk
Mortgage
Wholesale
1.38% 1.48% 1.57% 1.61% 1.73% 1.79% 1.88% 1.92%
2.10% 2.30%
2.40%
2.65% 2.66% 2.89%
3.01% 2.96%
1.49% 1.60% 1.69% 1.73%
1.90% 1.97% 2.04% 2.10% 2.29%
2.48% 2.57% 2.80% 2.81%
3.05% 3.18% 3.18%
0.58% 0.76%
0.95%
0.54% 0.53% 0.62%
0.88%
0.61%
0.96%
0.80% 0.90%
0.50% 0.49%
0.22%
0.43% 0.56%
0.62% 0.69% 0.79%
0.80% 0.68% 0.67%
0.78%
0.81%
0.82%
1.02% 1.03% 1.16%
0.91% 0.97% 0.88% 0.97%
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17
S/ Billions
Loans (Left axis) PDL ratio NPL ratio Cost of risk (1) Early delinquency (>60 - <150)
0.25% 0.32% 0.35% 0.32% 0.32%
0.26% 0.28% 0.27%
0.32%
0.28%
0.33% 0.28% 0.29% 0.31%
0.43% 0.48%
0.29% 0.35% 0.37% 0.36%
0.42% 0.33% 0.35% 0.34%
0.42% 0.44% 0.52% 0.53% 0.51%
0.60% 0.63% 0.74%
0.21% 0.28%
0.25% 0.41%
0.65%
-0.04%
0.21%
0.62%
0.18%
0.48%
-0.05%
0.62%
1.28%
0.21% 0.06%
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17
S/ Billions
Loans (Left axis) PDL ratio NPL ratio Cost of risk (1)
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
24
4
(1) Cost of risk = Annualized provisions for loan losses / Total loans.
(2) Adjusted cost of risk of March 2017 and June 2017 calculated eliminating provisions related to the El Nino weather phenomenon.
Portfolio quality and Cost of risk
Mibanco
5.11%
5.58% 5.68%
5.61%
6.00%
6.50%
5.42%
4.76% 4.68% 4.67%
4.51% 4.39%
4.59% 4.56% 4.66%
6.66%
6.96%
6.76%
6.75% 7.00%
7.38%
6.39%
5.81% 5.74% 5.74%
5.61% 5.56% 5.75%
5.85% 5.99%
3.58%
5.49%
7.08%
4.88%
3.93%
4.27%
3.18% 3.37% 3.17%
5.04%
4.40%
3.78%
5.63%
4.60%
3.35% 3.43% 3.74%
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
10.0
1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17
S/ Billions
Loans (Left axis) PDL ratio NPL ratio Cost of risk (1) Adjusted Cost of risk (2)
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
25
4
Figures include Mibanco’s results.
(1) Includes Trading securities, Property plant and equipment, Due from customer acceptances and Other assets.
(2) Includes Acceptances outstanding, Repurchase Agreements (including that with BCRP) and Other Liabilities.
(3) Includes cattle raising, education, public administration, social services, among others.
Solid and Diversified Balance Sheet
Asset Structure (S/ Billions) Liability & Equity Structure (S/ Billions)
Loan / Deposit Ratio BCP Stand Alone - Total Commercial Loans by Sector (%)
Foreign
Currency 49.4% 47.9%
15.9%
19.0%
64.4%
2Q17
132
4.2%
-3.2%
13.3%
21.0%
64.7%
3Q16
129
5.1%
-3.1%
11.4%
19.8%
66.7%
3Q17
134
3.9%
-3.2%
Other assets (1)
Reserve for loan losses
Investments
Cash & Due from banks
Gross Loans
48.4%
3Q17
134
10.9%
10.4% 10.7%
7.0%
61.0%
2Q17
132
10.5%
11.2%
10.8% 6.5%
61.0%
3Q16
129
10.1%
13.1%
10.9% 6.8%
59.1%
Equity
Other liabilities (2)
Bonds and subordinated notes issued
Due to banks
Deposits and Obligations
49.2% 47.8% 48.4%
3Q17
105.5%
79.9%
127.8%
2Q17
106.1%
78.5%
132.4%
1Q17
108.2%
78.6%
136.2%
4Q16
116.7%
83.1%
149.0%
3Q16
113.0%
81.0%
143.3%
Total Loans/Deposits ratio Loans/Deposits ratio in PEN
Loans/Deposits ratio in USD
12%
9%
20%
19%
9%
2%
11%
9%
2%
7%
Fishing
Communication, Storage and Transportation
Commerce
Mining
Electricity, Gas and Water
Construction
Agriculture
Manufacturing
Leasholds and Real Estate Activities
Others (3)
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
26
4
(1) Calculated as interest paid/principal outstanding.
(2) Includes bilateral loans, trade loans and repurchase agreements with third parties
Stable and Diversified Funding Base
Evolution of Funding Structure & Cost Funding Structure by currency
Funding Structure by tenure (original term) Funding Structure by tenure (months to maturity)
68%
7%
14%
70%
2Q17
69%
3Q17
9% 9%
14% 10%
68%
10% 9%
3Q16 4Q16
8%
14%
68%
14%
9% 8%
14%
1Q17
9%
Bonds and subordinated debt Due to banks and correspondents (2)
Depósits BCRP Instruments
6%
15%
71%
8%
BCRP Instruments Bonds and subordinated debt
Deposits Due to banks and correspondents (2)
69%
10%
21%
48%
33%
6% 3%
5% 5%
From 1 to 2 years From 3 to 6 months From 2 to 5 years From 6 to 12 months Up to 3 months Greater than 5 years
15%
37%
11% 13%
10%
15%
2.09% 2.14%
2.10% 2.05%
2.13%
Funding cost (1)
Local Currency Foreign Currency
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
27
4
(1) In average-daily balances
(2) In quarter-end balances
(3) Time deposits includes certificates of deposit (CDs).
BCP Stand-Alone - Sound Deposits Base
Total Deposits Breakdown(1) (S/ Millions) Deposit Dollarization(1)
Deposits’ Implicit Rate Deposits Consolidated – Evolution and Participation(2)
9%
21%
32%
3Q16
36%
22%
1Q17 4Q16
9%
33%
37%
32%
9%
70.8 71.6
9%
37%
22% 24%
69.8
3Q17
73.2
35%
33%
23%
9%
2Q17
71.6
34%
32%
Demand Deposits
Savings Deposits
Time Deposits (3)
Severance Indemnity Deposits (CTS)
49.0%
3Q17
47.8%
52.2%
2Q17
51.0%
1Q17
51.7%
48.3%
4Q16
52.3%
47.7%
3Q16
51.9%
48.1%
USD PEN
0.33%
1.56%
1.00%
0.46%
2Q17
0.47%
1Q17
1.02%
0.37%
1.00%
1.64% 1.68%
4Q16
0.99%
1.71%
0.99%
3Q16
0.33%
1.71%
3Q17
USD PEN Total
S/. Millions 3Q16 2Q17 3Q17 QoQ YoY
BCP Peru 69,585 73,219 74,692 2.01% 7.34%
Mibanco 6,601 7,029 7,021 -0.11% 6.36%
Eliminaciones -43 -52 -37 -28.85% -13.95%
BCP
Consolidated 76,143 80,169 81,676 1.88% 7.27%
BCP Peru
Mibanco
9%
91%
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
28
4
(1) It is important to note, that 100% of Severance indemnity deposits (CTS) come from individuals.
BCP Stand-Alone - Deposits by business segment(1)
Total Deposits Savings Deposits
Time Deposits Demand Deposits
21%
PEN
21%
Total
18%
58%
USD
21%
61%
20%
63%
16%
Retail Corporate Middle-market
Total
94%
0%
98% 96%
0%
USD
1% 0%
6%
PEN
4%
Middle-market Corporate Retail
29%
35% 34%
42% 39%
23%
PEN USD
33%
41%
Total
25%
Middle-market Corporate Retail
USD
31%
40%
30%
27%
31%
29%
Total
42%
PEN
41%
29%
Corporate Middle-market Retail
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
29
4
(1) Call date – 10 years
(2) Result after the exchange of notes with the BCP26.
(3) Result after reopening for US$170,000,000 in April 2013 and US$200,000,000 in January 2014.
(4) Result after the exchange of notes with the BCP23.
(5) Result after the exchange of notes with the BCP16.
BCP Stand-Alone - Bonds and subordinated debt
Breakdown of international bonds
Bond Issue date Due date Tenure (years) Currency Issued Amount
Original Currency
(000)
Outstanding
Amount (S/000) Coupon rate
Hybrid 01/11/2009 06/11/19(1) 60(1) USD 250,000 816,250 9.75%
Subordinated(2) 07/11/2006 07/11/2021 15 USD 2,960 9,664 6.95%
Subordinated 16/09/2011 16/09/21(1) 15(1) USD 476,120 1,554,532 6.88%
Subordinated(3) 24/04/2012 24/04/22(1) 15(1) USD 720,000 2,350,800 6.13%
Corporate 16/09/2010 16/09/2020 10 USD 800,000 2,612,000 5.38%
Corporate(5) 01/04/2013 01/04/2023 10 USD 716,301 2,338,723 4.25%
Corporate 09/07/2014 09/01/2018 4 USD 230,154 751,453 2.75%
Corporate 25/10/2016 25/10/2019 3 USD 300,000 979,500 2.25%
Corporate 31/10/2017 30/10/2020 3 PEN 2,000,000 2,000,000 4.85%
Total 13,412,922
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
30
5
(1) Peru GAAP.
(2) Regulatory Capital / Risk-weighted assets.
(3) Tier 1 / Risk-weighted assets. Tier 1 = Capital + Legal and other capital Reserves + Accumulated earnings with capitalization agreement + Unrealized profit and net income in subsidiaries - Goodwill - (0.5 x Investment in Subsidiaries) + Perpetual subordinated
debt (maximum amount that can be included is 17.65% of Capital + Reserves + Accumulated earnings with capitalization agreement + Unrealized profit and net income in subsidiaries - Goodwill).
(4) Common Equity Tier I = Capital + Reserves – 100% of applicable deductions (investment in subsidiaries, goodwill, intangibles and deferred tax that rely on future profitability) + retained earnings + unrealized gains.
Disciplined and Conservative Capital Management
BCP at Basel II BCP at Basel III
Common Equity Tier 1 ratio – September 2017 Common Equity Tier 1 ratio – June 2017
3Q16
15.35%
10.41% 10.53%
15.56%
3Q17
16.35%
11.47%
2Q17
16.71%
11.75%
1Q17
16.73%
11.76%
4Q16
BIS ratio (2) Tier 1 ratio (3)
3Q17 4Q16 3Q16
11.93%
1Q17
10.92% 11.08% 10.64%
2Q17
11.54%
Common Equity Tier 1 ratio (4)
0.06%
1.74%
Goodwill and
intangibles
Investments
in
subsidiaries
Retained
earnings
11.54%
-1.39%
-0.70%
CET1 (2Q17) Capital and
reserves
Unrealized
gains (losses)
11.83%
Capital and
reserves
2.48%
Goodwill and
intangibles
CET1 (3Q17) Unrealized
gains (losses)
11.93%
Retained
earnings
-1.44%
11.55% -0.72%
Investments
in
subsidiaries
0.06%
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
31
6 Comprehensive Business Strategy
Motivated Employees
Our employees are the engine of our
organization. For them, we have set ourselves
the challenge of becoming the best option to
work in the country.
Happy Customers
We want our customers to be at the center of
our decisions and to live a unique brand
experience.
For them we renew our image and our promise
and we will work until we become the “Bank
most focused on its Clients".
Outstanding Risk Management
We have led the Peruvian market for 126 years,
being a model in risk management.
Efficient Growth
We aim to continue growing, but efficiently,
guaranteeing our leadership in the market for
the next 126 years.
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
32
6 Strong Governance Focus
Governance structure Board independence
General Shareholder’s Meeting
Chairman
Vice - Chairman
Directors
Dionisio Romero Paoletti
Raimundo Morales Dasso*
Roque Benavides Ganoza*
Barbara Bruce Ventura*
Benedicto Cigueñas Guevara*
Fernando Fort Marie
Martin Perez Monteverde (Deputy)
Eduardo Hochschild Beeck*
Reynaldo Llosa Barber
Luis Montero Aramburu*
Juan Carlos Verme Giannoni*
Patricia Lizárraga Guthertz*
Luis Enrique Romero Belismelis
Board Committees
Independent internal and external audit
Board of Directors
Independent directors
Non-independent directors
Board of directors tenure
* Independent directors.
0 1 2 3 4 5 6
0-5 years
5-10 years
10+ years
Appendix
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
34 (1) Date is updated when there is a change in the outlook or rating.
BCP Stand-Alone - Ratings
Local Credit Rating Agencies International Credit Rating Agencies
Bank
AAI Equilibrium
Date of last review dec-16 dec-16
Institution A+ A+
Long Term Debt
AAI Equilibrium
Corporate Bonds AAA AAA
Mortgage Bonds AAA
Leasing Bonds AAA AAA
Long Term Deposits AAA AAA
Short Term Debt
AAI Equilibrium
Short Term Deposits CP-1+ EQL 1+
CDs CP-1+ EQL 1+
Capital Debt
AAI Equilibrium
Subordinated Tier II AA+ AA+
Bank
Fitch S&P Moody´s
Date of last review(1) may-17 oct-17 jun-15
Outlook Stable Stable Stable
Issuer rating BBB+ BBB+ Baa1
Foreign Currency
Fitch S&P Moody´s
Long term BBB+ BBB Baa1
Short term F2 A-2 P-2
Local Currency
Fitch S&P Moody´s
Long term BBB+ BBB Baa1
Short term F2 A-2 P-2
Outstanding Debt (144A/RegS)
Fitch S&P Moody´s
Subordinated BCP 2021 BBB+ BBB- Baa3
Subordinated BCP 2022 BBB+ BBB- Baa3
Subordinated BCP 2026 BBB+ BBB- Baa3
Subordinated BCP 2027 BBB+ BBB- Baa3
Junior Subordinated 2069 BBB BB
Senior BCP 2018 (US$
230MM) BBB BBB Baa1
Senior BCP 2019 (US$
300MM) BBB BBB Baa1
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
35
Credicorp’s Organizational Structure
Colombia
Peru Bolivia
100.0% 97.7
%
99.9
%
98.7
%
100.0% 100.0%
Inversiones
Credicorp Bolivia
S.A.
Credicorp Capital
Securities Inc.
Chile
Inversiones IMT
S.A.
Source: Credicorp as of June 30, 2017.
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
36
Credicorp: 128 years of History
Source: Credicorp as of June 30, 2017.
ASHC is created
1889 1920 1941 1981 1987 1993 1995 1997 1998 1999 2002 2003 2005 2006 2009 2010 2011 2012 2014 2016 2017
BC
P
Cre
dic
orp
Founded as
Banco Italiano
Changes its name to
Banco de Credito del
Peru
It becomes
Peru’s main
financial
institution
BCP acquires Banco
Popular de Bolivia
Nationalization
attempt
Credicorp is created
and listed in NYSE
(NYSE: BAP)
Creation of Pacifico Vida
Crisis and restructure of the
financial system. Reduction
of number of banks
Creation of Pacifico Health
Release of the new
corporate identity
Acquisition of
Financiera Edyficar
BCP acquires
BSCH Peru
AFP Prima is
created
AFP Union
Vida is acquired
Acquisition ALICO’s
stake in PPS and
PV
Vertical integration in
health insurance
business
Private Equity
business with Carlyle
Group
Insurance brokerage
business with Willis
Investment Banking
Acquisition of
Mibanco
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
37
Selected Financial Information
Source: BCP consolidated figures as of September 30, 2017. Peru GAAP unaudited.
Income Statement Summary
(PEN in millions) 3Q16 2Q17 3Q17 Sep-16 Sep-17 YoY Growth
Financial income 2,423 2,416 2,447 7,084 7,279 2.75%
Financial expense -646 -673 -659 -1,918 -1,989 3.70%
Gross financial margin 1,777 1,743 1,788 5,166 5,290 2.40%
Provision for loan losses -390 -416 -326 -1282 -1261 -1.64%
Gross financial margin after provision for loan
losses 1,387 1,327 1,462 3,884 4,029 3.73%
Gain (loss) for exchange difference 3 2 2 -29 10 -134.48%
Net financial margin 1,390 1,329 1,464 3,855 4,039 4.77%
Fees and commissions from banking services 557 572 589 1,640 1,725 5.18%
Net results from derivatives -26 17 19 -11 92 -936.36%
Net gains (loss) from sales of securities 23 31 13 34 56 64.71%
Net gains on foreign exchange transactions 164 150 152 481 457 -4.99%
Other income 40 56 18 80 116 45.00%
Operating expenses -1,125 -1,141 -1,117 -3,272 -3,355 2.54%
Income before workers’ profit sharing and
income tax 1,023 1,014 1,138 2,807 3,130 11.51%
Income tax -271 -267 -317 -763 -848 11.14%
Net income from continuing operations 752 747 821 2,044 2,282 11.64%
Net income from discontinuing operations - - - 141 - -100.00%
Net income 752 747 821 2,185 2,282 4.44%
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
38
Selected Financial Information
Source: BCP consolidated figures as of September 30, 2017. Peru GAAP unaudited.
Balance Sheet Summary
(PEN in millions) 3Q16 2Q17 3Q17 YoY Growth
Cash and due from banks and interbank funds 25,534 27,624 25,401 -0.52%
Investments at fair value through profit or loss and available-for-
sale investments, net 14,705 17,458 21,209 44.23%
Gross loans 86,046 85,091 86,195 0.17%
Allowance for loan losses -3,940 -4,177 -4,231 7.39%
Other assets 6,567 5,520 5,234 -20.30%
Total assets 128,912 131,516 133,808 3.80%
Deposits and obligations 76,143 80,169 81,676 7.27%
Due to banks, correspondents and other entities, and interbank
funds 8,781 8,512 9,303 5.94%
Bonds and subordinated notes issued 14,068 14,244 14,254 1.32%
Other liabilities 16,886 14,790 13,951 -17.38%
Total liabilities 115,878 117,715 119,184 2.85%
Shareholders’ equity attributable to BCP equity holders 13,034 13,800 14,623 12.19%
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
39
Selected Financial Information
Source: BCP consolidated figures as of September 30, 2017. Peru GAAP unaudited.
Main Ratios
(%) 3Q16 2Q17 3Q17 Sep-16 Sep-17 YoY Growth
ROAE 23.82% 22.25% 23.11% 23.19% 21.43% -7.6%
ROAA 2.34% 2.28% 2.48% 2.20% 2.33% 5.8%
Cost of risk 1.83% 1.96% 1.52% 1.96% 1.94% -1.0%
Past due loans ratio 2.94% 3.10% 3.20% 8.8%
Non-performing loans ratio 3.84% 4.14% 4.41% 14.7%
PDL Coverage ratio 155.80% 158.26% 153.57% -1.4%
NPL Coverage ratio 119.17% 118.52% 111.36% -6.6%
Net interest margin 5.78% 5.53% 5.62% 5.46% 5.61% 2.8%
Net interest margin after provisions 4.51% 4.21% 4.59% 4.10% 4.28% 4.2%
Efficiency 43.75% 44.24% 42.57% 43.56% 42.77% -1.8%
CET1 ratio
BIS ratio
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
40
Board of Directors
*Independent directors
Source: BCP as of September 30, 2017
(1) Confederacion Nacional de Instituciones Empresariales Privadas.
Dionisio
Romero Paoletti
Raimundo Morales
Dasso
Roque
Benavides
Ganoza*
Benedicto
Cigüeñas
Guevara*
Luis Enrique
Romero
Martin Perez
Monteverde
President
Member of the Board since 2003, and Chairman since
2009.
Vice President
From October 1990 until March 2008, served as the
Bank’s General Manager. Serves as Deputy
Chairman of the Board of Credicorp and several of its
subsidiaries
Director and the
Executive President of
Compañia de Minas
Buenaventura S.A. and
current Chairman of
CONFIEP(1)
Former CFO of
BCP (from 1992 to
2004)
Former Vice-
President of the
board of Alicorp
S.A.A.S Serves as
Director of various
companies from the
Romero Group.
Serves as Deputy
Chairman. Director
since 2014. Former
Minister of State in the
Portfolio of Foreign
Trade and Tourism.
Eduardo
Hochschild
Beeck*
Chairman of the board
of Hochschild Mining &
Cementos Pacasmayo
and member of the
board of various
companies
Luis
Montero
Aramburú*
Director of the Bank
since 2015 with 40
years of experience
in the financial
sector
Director of the Bank
since 1990 and Director
of Credicorp since 1995
Patricia
Lizárraga
Guthertz*
Has over 25 years of
experience in M&A,
capital markets,
private equity and
valuation. Joined the
Board this year.
Fernando
Fort Marie
Director since 1990 and
Director of Credicorp
since 1999. He serves as
Director at Inversiones
Centenario, among
others.
Barbara
Bruce
Ventura*
Director since 2015 with
broad experience
leading Oil & Gas
companies
Juan Carlos
Verme
Giannoni*
Color
Scheme
235 181 59
168 168 168
110 110 110
1 150 218
240 125 50
15 77 140
41
Experienced Management Team
Source: BCP as of September 30, 2017.
Fernando
Dasso
Walter
Bayly
Pedro
Rubio
Percy
Urteaga
Reynaldo
Llosa
General Manager
Joined BCP in 1993.
Master’s degree in Management from
the Arthur D. Little Management
School in Cambridge,
Massachusetts.
Wholesale Banking Central
Manager
Joined BCP in 1985.
Industrial engineer with a degree
from North Carolina State
University.
Retail Banking and Wealth
Management Central Manager
Joined the group in 2003.
MBA from IESE.
Planning and Finance Central
Manager (CFO)
Joined BCP in 1994.
MBA from Wharton School of
Business.
Risk Central Manager
Joined BCP in 1997.
MBA from J.L. Kellogg Graduate
School of Management.
Gianfranco
Ferrari
Deputy General Manager
Joined BCP in 1995.
MBA from J.L. Kellogg Graduate
School of Management.