Credicorp Lifts Medium-Term ROE Target to About 22%

Earnings
โดย Simply Wall St·PE·Read original
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Credicorp Ltd. reported second-quarter 2026 net income of PEN 1,981.92 million and first-half net income of PEN 4,045.11 million, both higher than a year earlier, and lifted its medium-term return on equity expectation to about 22%. Management highlighted growing contributions from digital platforms like Yape, underscoring the importance of its ongoing ecosystem transformation. The company's narrative projects PEN 33.0 billion revenue and PEN 10.7 billion earnings by 2029, requiring 14.7% yearly revenue growth and a PEN 3.5 billion earnings increase from PEN 7.2 billion today. Analysts note that El Niño related provisions and Peru's political and regulatory backdrop, including the unresolved SUNAT tax dispute, remain key near-term swing factors.

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