Credicorp Ltd. · NYSE:BAP
Credicorp — Q1 2012 Earnings Presentation
9 slides from Credicorp's earnings presentation, May 11, 2012
Slide 1: Average daily loan balances by banking business
If we analyze the average daily balances by Banking business, significant growth is evident in all of Retail Banking’s segments in both QoQ (+5.6%) and YoY evolution (+33.4%). This result is due to BCP’s intensive strategy to grow its Retail Banking portfolio by entering lower socio-economic segment
Slide 2: Market share by loan segment, Dec 11 vs Mar 12
Slide 3: II.2 Liabilities
II. 2 Liabilities At the end of 1Q12, growth in liabilities was driven primarily by deposits, which increased 12% QoQ led by an increase in time deposits in Wholesale Banking to invest in BCR’s CDs. Demand deposits 1,380,257 1,427,270 1,217,216 -3.3 % 13.4 % Time deposits 5,880,464 4,396,676 5,324,1
Slide 4: Market share of Deposits
Market share of Deposits At the end of 1Q12, BCP continued to lead the market for deposits with a share of 32.5%, which reflects an increase of 84 bps with regard to the previous quarter’s figure (31.6%). With this result, BCP outpaces its closest competitor by 11.2 percentage points and continues t
Slide 5: Mutual funds
Mutual funds Mutual funds in Bolivia 94,370 79,665 90,129 18.5 % 4.7 % Mutual funds in Peru grew 6.5% QoQ due to the market’s positive evolution, which allowed Credifondo to maintain its leadership position with a market share of 42.4% in funds under management and 29.4% in the number of participant
Slide 6: II.4 Past Due Loan Portfolio and Provisions for Loan Losses
II.4 Past Due Loan Portfolio and Provisions for Loan Losses Net provisions remained at levels similar to those seen the previous quarter. This was in line with portfolio growth, which was led by Retail Banking. In terms of portfolio quality the past due loan ratio (PDL) increased 17 bps as a result
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Slide 8: ASB investment portfolio and client deposits
ASB exercises strict control over and follow-up on diversification strategies and the limits set for investment types. This helps maintain a healthy balance in its proprietary portfolio, ensure the quality of its investments and guarantee return levels that contribute to the financial margin- which
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