Slide 1: Credicorp 2Q/2026
2Q/2026 Milagros Cigiiefias Rogelio Icaza Fernando Salgado Sebastian Del Aguila Juan Carlos Benites Pia Noblecilla investorrelations@credicorpperu.com CREDICORP
Slide 2: CEO message
Ml We believe Peru is entering a more favorable phase, supported by stronger business confidence, renewed momentum in private investment and sound macroeconomic fundamentals. Against this backdrop, Credicorp delivered another strong quarter while continuing to build the capabilities that will drive
Slide 3: CFO message: ROE and 2026 guidance
MS a Credicorp delivered another strong quarter, with an ROE of 21.2% in the first half of the year, supported by accelerated loan growth and solid operating performance across our diversified business ecosystem. Margins were resilient, supported by a favorable funding mix and a higher-yielding loan
Slide 4: Deposits
Deposits The total deposit balance (measured in quarter-end balances) expanded 1.8% QoQ and 17.7% YoY. If we exclude the impact of the US Dollar’s depreciation against the sol, deposits rose 2.9% QoQ and 19.7% YoY. QoQ growth was driven mainly by an increase in Demand Deposits in FC at BCP Stand-alo
Slide 5: Deposits evolution (S/ millions)
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Slide 6: Portfolio quality and Cost of Risk
Portfolio quality and Cost of Risk Portfolio quality continued to improve, supported by a favorable economic environment, stronger origination quality, and enhanced monitoring, collections, and recovery capabilities. QoQ, NPL volumes declined 1.0%, driven mainly by BCP Stand-alone, where the improve
Slide 7: Total NPL (S/ millions, %)
Slide 8: Cost of Risk (%)
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Slide 9: Insurance Underwriting and Medical Services Results
Insurance Underwriting and Medical Services Results The Insurance Underwriting Result declined 3.7% QoQ and 17.9% YoY, mainly reflecting a base effect from provision reversals recorded in the second quarter of last year in the Life business, particularly in the D&S line. This was partially offset by
Slide 10: Insurance and medical services results (S/ millions)
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Slide 11: Net Income & ROE
Net Income & ROE (S/ millions)
Slide 12: Contributions and ROE by subsidiary in 2Q26
Contributions and ROE by subsidiary in 2Q26 (S/ millions)
Slide 13: Contribution footnotes by subsidiary
(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
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Slide 15: Lending accelerating financial inclusion through a scalable digital proposition
Lending accelerating financial inclusion through a scalable digital proposition As of 2Q26, the financial business represented 52% of Yape’s total revenues, where Lending led growth and accounted for 28% of this vertical’s total revenues compared to 19% in 2Q25. At the end of 2Q26, the loan portfoli
Slide 16: Loan dollarization and loans in 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 loan dollarization level dropped 9 bps on the back of growth in LC loans (+11.1%), mainly in Retail Banking, which was partially offset by loan growth in FC (+14.
Slide 17: Deposit dollarization by currency and type
At the end of June 2026, the dollarization level for Total Deposits rose 140 bps QoQ to 44.3%, still below the average for the last 4 years (47.6%). This result was driven mainly by growth in Demand Deposit s in FC, associated with fund captures from institutional clients. This effect was partially
Slide 18: Deposits by type
jun25— Mar26— Jun 26 | Jun25— Mar26—Jun26 | Jun25 — Mar26—Jun26 | Jun25° Mar26— Jun 26 Demand Savings Time Severance Indemnity
Slide 19: Net interest margin
Slide 20: Dynamics of the Net Interest Margin by Currency
Interest Income / IEA 2Q25 1Q26 2Q26 Average Income Yields Average Income Yields Average Income Yields S/ millions Balance Balance Balance Total (LC + FC) Interest Expense / Funding 2Q25 1Q26 2Q26 Average Expense Yields Average Expense Yields Average Expense Yields S/ millions Balance Balance Balanc
Slide 21: NPL ratio QoQ by subsidiary
● Mibanco: The ratio declined 10 bps, as loan growth outpaced the increase in NPL volumes. Despite the NPL volume increase, risk indicators continue to evolve consistently with a profitable and controlled growth strategy, in line with the defined risk appetite. The NPL Ratio at Credicorp decreased 9
Slide 22: NPL ratio YoY by segment
(1) Corresponds to management information by segment in BCP Stand-Alone. ● Mibanco: The NPL ratio dropped 127 bps YoY. This evolution was driven mainly by a decrease in NPL volumes, which fell primarily through improvements in origination and collections management and to a lesser extent, through lo
Slide 23: Cost of Risk evolution QoQ and YoY
YTD , underlying provisions declined 4.3%, driven by BCP Stand-alone and reflecting the same dynamics observed YoY. As a result, Credicorp’s underlying CoR decreased 19 bps, reaching 1.4%. QoQ Cost of Risk Evolution YoY Cost of Risk Evolution
Slide 24: Allowance for loan losses and NPL coverage ratio
(1) Others include BCP Bolivia, Mibanco Colombia, ASB and eliminations. QoQ, the allowance for loan losses rose 2.0%, driven primarily by SME-Pyme and Individuals at BCP Stand-alone. YoY, the allowance for loan losses dropped 1.1%, driven mainly by Retail Banking at BCP Stand-alone and by Mibanco .
Slide 25: NPL coverage ratio by subsidiary
Slide 26: Commercial and personal lines
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Slide 27: Insurance Underwriting Result QoQ and YoY
QoQ, the Insurance Underwriting Result rose 4.7%, driven by the following dynamics: ● Insurance Service Income increased 5.6%, fueled mainly by (i) Commercial Lines, which registered growth in releases for Unearned Premium Reserves (UPR), (ii) Vehicles, which recorded an uptick in sales through the
Slide 28: Insurance premiums by line
Slide 29: Insurance Underwriting Result QoQ
QoQ, the Insurance Underwriting Result dropped 8.1% on the back of the following dynamics:
Slide 30: Medical Services Result
‘= Medical Services Result (S/ milions] 2023 102 2026 jun2S Jun26
Slide 31: Regulatory Capital Ratio
At the end of 2Q26, Credicorp’s Regulatory Capital Ratio stood 126% above the regulatory minimum. This attests to the Group’s financial solidity and stability. The ratio decreased by 940 bps QoQ mainly due to growth in capital requirements which rose alongside portfolio growth in BCP Stand-alone and
Slide 32: IFRS CET1 ratio at BCP Stand-alone
The IFRS CET 1 ratio at BCP Stand-alone increased 40 bps QoQ to stand at 11.70% at the end of 2Q26, above our internal appetite of 11%. The uptick in this ratio was driven mainly by a rise in Retained Earnings in a dynamic business environment, which was partially offset by an increase in RWAs (main
Slide 33: IFRS CET1 ratio at Mibanco
At the end of 2Q26, the IFRS CET1 ratio at Mibanco stood at 15.90% (+21 bps QoQ), which was above our internal appetite of 15%. QoQ, this increase was driven mainly by a rise in Retained Earnings due to business expansion, which was partially offset by an uptick in credit RWAs in a context of loan g
Slide 34: Peru GDP in 2Q26
In 2Q26, GDP is estimated to have expanded around 3.0% YoY, moderating slightly from 3.5% in 1Q26. Strong domestic demand, underpinned by historically favorable terms of trade, continued employment growth, and positive economic momentum, helped offset a sharp contraction in primary sectors. Primary
Slide 35: Inflation and policy rate
Annual inflation in Metropolitan Lima closed 2Q26 at 4.0% YoY, its highest level since October 2023, and remained around that level throughout the quarter. Since March 2026, inflation has stayed above the upper bound of the BCRP’s target range (1%-3%), driven mainly by higher transportation costs fo
Slide 36: Fiscal deficit, ratings and trade balance
The annualized fiscal deficit narrowed to 1.3% of GDP in June 2026, its lowest level since mid-2022. Fiscal revenues increased 23.1% YoY in 2Q26, supported by elevated metal prices and strong domestic demand growth, while public spending rose 8.0% YoY, with current expenditure up 13.5% and gross fix
Slide 37: Exchange rate and international reserves
According to the BCRP, the exchange rate closed 2Q26 at PEN 3.410 per U.S. dollar, a 2.2% appreciation relative to the end of 1Q26 and a 1.4% depreciation compared with the end of 2025. The currency weakened to PEN 3.529 per U.S. dollar in late April, reflecting both domestic factors, including unce
Slide 38: Loans
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Slide 40: Loans and NPL ratio
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Slide 41: Loans and NPL ratio
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Slide 42: Loans and NPL ratio
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Slide 45: Loans and NPL ratio
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