Slide 1: Credicorp 1Q26 Results
10/2026 Milagros Cigtiefias Roxana Mossi Rogelio Icaza Fernando Salgado Sebastian Del Aguila Zeljko Janzic Juan Carlos Benites Pia Noblecilla investorrelations@credicorpperu.com CREDICORP
Slide 2: CEO message
rae “ We entered 2026 from a position of strength — franchise resilience, disciplined execution, and a clear strategic agenda firmly intact. While Peru navigates a transitional moment, institutional safeguards, including BCRP independence, continue to anchor macro stability, and we are well-position
Slide 3: CFO message: record first-quarter results
oF Ml First-quarter results came in at a record high, with net income reaching an all-time peak and ROE advancing to 21.1% — a reflection of the strength of our diversified earnings model, disciplined execution across our businesses, and a supportive macro environment. Risk-adjusted NIM expanded to
Slide 4: Deposits
Deposits The balance for total deposits (measured in EOP) expanded 4.8% QoQ and 13.3% YoY. If we exclude the impacts generated by a non-cash accounting adjustment at BCP Bolivia 1 and the depreciation of the USD against PEN, deposits rose 0.8% QoQ and 13.7% YoY: QoQ growth reflects an increase in th
Slide 5: Accounting
1 Accounting revaluations throughout 2025 applied exchange rates that were better aligned with the market.
Slide 6: Portfolio Quality and Cost of Risk
Portfolio Quality and Cost of Risk Our portfolio quality indicators and cost of risk have improved significantly over the last year and continue to strengthen thanks to fortified risk management, an uptick in payment performance, and a more favorable macroeconomic environment. QoQ, the NPL balance d
Slide 7: Total NPL
Total NPL {8/ millions, %) SAK, 45% 43% Y 95% -—— 7 rae vse, —— 621 “aars 6.524 if [J - — 7,208 ters
Slide 8: Cost of Risk (%)
Cost of Risk (%) oe 42% aK 18% _ 13% 13% er 9 nes 000 stand stone —crecow
Slide 9: Other Income
Other Income Other Core Income hit a record high this quarter, growing 3.4% QoQ and 19.5% YoY. With these levels, other core income represented 27.7% of Credicorp’s total risk-adjusted income in 1Q26 (28.4% in 4Q25 and 26.5% in 1Q25). The quarter-end improvement reflects consistent execution of stra
Slide 10: Totals may differ due to eliminations in PGA consolidation
*Totals may differ from the sum of the parts due to eliminations in PGA consolidation.
Slide 11: Contribution by subsidiary notes
(1) In BCP Stand-alone, the figure is lower than the net profit since the contribution eliminates investment gains in other subsidiaries of Credicorp (Mibanco). (2) In Mibanco, the figure is less than the net profit because Credicorp owns (directly and indirectly) 99.921% of Mibanco. (3) The contrib
Slide 12: Loans by currency and average daily balances
(1) Participation in FC loans at the Credicorp level considers BCP Stand-alone, Mibanco, Mibanco Colombia, BCP Bolivia and ASB. YoY, the dollarization level of total loans dropped 10 bps. This evolution was driven by loan growth in LC (+8.4%), mainly in Retail Banking , and partially offset by loan
Slide 13: Loan / Deposit Ratio (Ratio L/D)
Loan / Deposit Ratio (Ratio L/D)
Slide 14: L/D ratio QoQ and YoY evolution
QoQ, the L/D ratio dropped 275 bps at BCP Stand-alone. This evolution was fueled by an increase in the balance of Low-cost Deposits, which rose on back of inflows from pension fund withdrawals, and offset by loan expansion in the Wholesale Banking segment. At Mibanco , the ratio rose 384 bps, driven
Slide 15: L/D Ratio Foreign Currency
L/D Ratio Foreign Currency
Slide 16: Market Share of Deposits in the Peruvian Financial System
Market Share (MS) of Deposits in the Peruvian Financial System Share of the Deposit Market in the Peruvian Financial System
Slide 17: Market share of total and low-cost deposits
At the end of March 2026, the MS of Total Deposits at BCP and Mibanco in Peru was 33.1% and 2.4% (117 bps and -27 bps vs March 2025, respectively). In this context, BCP continues to lead the market for total deposits. BCP reported growth in Low-cost Deposits (+16.3% YoY); this level stood below the
Slide 18: Dynamics of the Net Interest Margin by Currency
Interest Income / IEA 1Q25 4Q25 1Q26 Average Income Yields Average Income Yields Average Income Yields S/ millions Balance Balance Balance Total (LC + FC) Interest Income / Funding 1Q25 4Q25 1Q26 Average Expense Yields Average Expense Yields Average Expense Yields S/ millions Balance Balance Balance
Slide 19: NPL Ratio QoQ
The NPL Ratio at Credicorp dropped 28 bps QoQ to stand at 4.3%. This level was below the prints reported prior to the economic recession in 2023. This decline was driven mainly by a decrease in NPL volumes, which was fueled primarily by the same dynamics seen QoQ and secondarily by loan growth. If w
Slide 20: NPL Ratio YoY
(1) Corresponds to management information by segment in BCP Stand-Alone. The NPL Ratio at Credicorp decreased 84 bps YoY to stand at 4.3%. This drop was driven primarily by the same dynamics that drove the Yo Y evolution of the NPL portfolio and secondarily, by loan growth. If we analyze the YoY evo
Slide 21: Cost of Risk Evolution
QoQ Cost of Risk Evolution YoY Cost of Risk Evolution
Slide 22: Cost of Risk QoQ by subsidiary
‘& -46 bps QoQ in the Cost of Risk -0.5% 1.8% BCP Mibanco Others (1) 1026 Stand-Alone
Slide 23: Cost of risk footnote
(1) Others include BCP Bolivia, Mibanco Colombia, ASB and eliminations. (1) Others include BCP Bolivia, Mibanco Colombia, ASB and eliminations.
Slide 24: Loan allowance and NPL Coverage Ratio
(1) Others include BCP Bolivia, Mibanco Colombia, ASB and eliminations. QoQ, the loan allowance dropped 3.2%, driven mainly by SME-Pyme and Individuals at BCP Stand-alone. YoY, the allowance fell 4.1%, fueled primarily by the same dynamics seen QoQ . NPL Coverage Ratio
Slide 25: Total NPL Coverage Ratio
The Total NPL Coverage Ratio at Credicorp stood at 113.8% at the end of 1Q26. QoQ The Total NPL Coverage Ratio at Credicorp rose 137 bps, driven by the evolution at BCP Stand-alone and Mibanco. At BCP Stand-alone , the ratio increased 4 bps to state at 112.2%. This evolution was fueled by a decrease
Slide 26: Fee Income and Other Core Income
1,677 1,654 14% 1725 2725 3725 4125 1726 "mmm Fee Income fmm FX Transactions mmm Other Non Core Income —= (ther Core Income / Avg Assets
Slide 27: Insurance Service Income
Insurance Service Income 510 = Commercial Lines 463 = Vehicles & Medical Assistance 490 @ Personal Lines 1025 4025 1026
Slide 28: Insurance Service Expenses
Insurance Service Expenses 358 5 32 249 a2s 4025 102) 1 6
Slide 29: Insurance lines breakdown
333 1025 18 ages 332 1026 se Annuities sonal Accident &S Credit Life ‘= Group Lite Individual Life
Slide 30: Insurance Underwriting Result QoQ
QoQ, the Insurance Underwriting Result increased 4.9%, driven by the following dynamics: ● Insurance Service Income dropped 0.7%, fueled mainly by the evolution in Individual Life and D&S. The aforementioned was attenuated by Credit Life, which registered higher premiums in the Bancassurance and All
Slide 31: Medical Service Result
1025 1026 = Medical Service Result
Slide 32: 1Q26 GDP growth and supply shocks
In 1Q26, GDP grew close to 3% year over year, slowing slightly relative to 4Q25 (3.2%), reflecting the impact of three simultaneous supply shocks that disrupted activity in March: (i) the conflict in the Middle East, which drove oil prices to levels not seen since 2022; (ii) the rupture of the Camis
Slide 33: Inflation and BCRP policy rate
Annual inflation in Metropolitan Lima closed 1Q26 at 3.8%, its highest level since October 2023 and well above the end-2025 reading (1.5%). As a result, inflation exceeded the upper bound of the BCRP’s target range (1%–3%) for the first time since February 2024. Nearly 80% of March’s monthly inflati
Slide 34: Fiscal deficit, credit ratings and trade balance
The annualized fiscal deficit as of March 2026 remained at 2.2% of GDP, unchanged from end-2025. Fiscal revenues increased by 7.8% YoY in 1Q26, supported by high metal prices and strong domestic demand, while public spending rose by 9.4% YoY (current expenditure +13% and gross capital formation +1%)
Slide 35: Exchange rate and international reserves
According to the BCRP, the exchange rate closed 1Q26 at PEN 3.488 per U.S. dollar, representing a 3.8% depreciation relative to end-2025. The currency remained broadly stable between January and February at around PEN 3.350, influenced by BCRP intervention aimed at limiting excessive appreciation re
Slide 36: Loans, NPL ratio chart
4.0% 25% 3.0% 25% 2.0% 15% 1.0% 05% 0.0% Mar 23 Sep 23 Mar2a Sep 24 ‘Mar 25 Sep 25 Mar 26 Loans (right axis) —st0L ratio —NPLratio 46 2
Slide 37: Loans, NPL ratio chart
sean * 13.0% 8 12.0% 7 11.0% 6 10.0% 5s ¢ 9.0% a8 8.0% 3 7.9% 2 6.0% 1 5.0% ° ‘Mar 23 Sep 23 Mar 24 Sep 24 Mar 25 Sep 25 Mar26 ‘Loans (right axis) SOL ratio —<=NPL ratio
Slide 38: Loans, NPL ratio chart
18.0% 20 16.0% 1 14.0% 1 12.0% 10.0% v 80% 16 60% 1 4.0% u 20% 00% Mar 23 sep 23 Mar 24 Sep 24 Mar 25, Sep 25 Mar 26 a ‘Loans (right axis) el0L ratio “WL ratio
Slide 39: Loans, NPL ratio chart
oe a 4.0% u 3.5% a 3.0% n 2.5% rn 2.0% 20 1.5% 1.0% baa 0.5% 8 0.0% U7 Mar 23 ‘sep 23 Mar 2a ‘sep 24 Mar 25 Sep 25 ar26 Loans (right axis) <*I0L ratio —<L ratio
Slide 40: Loans, NPL ratio chart
9.0% 1s 2.0% u 7.0% 3 6.0% 5.0% 2 4.0% un 3.0% 10 2.0% 1.0% ° 0.0% 8 ‘Mar 23 Sep 23 Mar 24 Sep 24 Mar 25 Sep 25 Mar 26 Loans (right axis) -s-l0L ratio —=WNPLratio
Slide 41: Loans, NPL ratio chart
Mar 23 Sep 23 Loans (right axis) Mar 24 Sep 24 e-10L ratio Mar 25 sen25 NPL ratio
Slide 42: Loans, NPL ratio, cost of risk chart
_— 9.0% 8.0% 7.0% 6.0% 5.0% 40% 3.0% 2.0% 10% 0.0% Mar 23 Sep 23 Mar 24 Loans (right axis) Sep 24 -swLratio Mar 25 NPL ratio Sen25 =eCostof risk Mar 26 oom B 2 n Bilions
Slide 43: Loans, NPL ratio, cost of risk chart
Sep 23 Mar 24 Loans (right axis) Sep 24 -swLratio Mar 25 NPL ratio Seo25 me=costof risk Mar 26