Credicorp Ltd. recently held a conference call to discuss their financial position and outlook for 2026. They expect loan growth of around 8.5% with retail momentum at BCP and continued expansion at Mibanco. Margins are healthy, with NIM expected to remain in the mid- to high 6% range. They are focused on digital expansion, inclusion, and new revenue streams, with fee income expected to grow at low double digits. Overall, they are confident in their positioning and expect positive results.

During the call, questions were raised about the impact of Yape on lending in 2026. The numbers already include Yape’s contribution, with expectations for the portfolio to triple in the next couple of years. While Yape has good margins, it remains a smaller proportion of the overall book. The company also discussed cost-to-income ratios, expecting a reduction in the coming year, and capital levels, with plans to distribute excess capital to shareholders through dividends.

Credicorp is focused on executing their strategy with discipline, aiming for profitability and value creation across core and disruptive initiatives. They are seeing tangible results across their platforms and are committed to providing transparency and information to investors. The call concluded with a reaffirmation of their commitment to growth, efficiency, and shareholder value. The Motley Fool provided a transcript of the call, highlighting key points discussed.

Read more at Yahoo Finance: Credicorp (BAP) Q4 2025 Earnings Call Transcript