Business
Credicorp Ltd.: Tenpo Becomes Chile’s First Neobank After Receiving a Banking License
Milestone positions Credicorp-backed Tenpo as the first digital-native bank authorized to operate in Chile.Lima, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Lima, Peru – January 20, 2026 – Credicorp Ltd. (NYSE: BAP), the leading financial services holding company in Peru with operations in Chile, Colombia, Bolivia, Panama, and the United States, today announced that Tenpo, its digital banking subsidiary in Chile, has received its operating authorization from the Comisión para el Mercado Financiero (CMF),
About this update from Credicorp Ltd.
[{"type":"image","alt":"CREDICORP LTD. C/O BANCO DE CREDITO","displaySize":"","headline":null,"caption":"CREDICORP LTD. C/O BANCO DE CREDITO","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":46,"url":"https://media.zenfs.com/en/globenewswire.com/cdb29bd83258cf51b99e6d2b41a20378"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/moger5FuebwpURLm7GPszw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTY0O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/cdb29bd83258cf51b99e6d2b41a20378","width":300,"height":46}},"lazy":false},{"type":"text","content":"Milestone positions Credicorp-backed Tenpo as the first digital-native bank authorized to operate in Chile.","length":107,"tagName":"p"},{"type":"text","content":"Lima, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Lima, Peru – January 20, 2026 – Credicorp Ltd. (NYSE: BAP), the leading financial services holding company in Peru with operations in Chile, Colombia, Bolivia, Panama, and the United States, today announced that Tenpo, its digital banking subsidiary in Chile, has received its operating authorization from the Comisión para el Mercado Financiero (CMF), Chile’s financial markets regulator.","length":429,"tagName":"p"},{"type":"text","content":"With this approval, Tenpo becomes the first licensed neobank in Chile under the country’s General Banking Law. The license authorizes Tenpo to operate as a regulated bank offering core banking products such as checking accounts, consumer loans, and term deposits. Tenpo is expected to begin operations in the first half of 2026, within the one-year timeframe established by the CMF.","length":382,"tagName":"p"},{"type":"text","content":"Chile’s regulatory framework grants only one type of banking license, which means Tenpo will operate under the same supervisory standards and requirements as any traditional bank in the country.","length":194,"tagName":"p"},{"type":"text","content":"“This is a landmark moment for Chile’s financial ecosystem. It highlights how innovation and technology can expand access to financial services in an agile, secure, and customer-centric way,” said Gianfranco Ferrari, CEO of Credicorp. “Beyond the local impact, the milestone reflects the transformative potential of solutions that respond to evolving user needs with a differentiated and sustainable value proposition. At Credicorp, we will continue to support this path wit...