Profile: Credicorp Ltd (BAP.LM)
14 Mar 2014
Credicorp Ltd. (Credicorp), incorporated on October 20, 1995, is a financial services holding company. The Bank operates in four segments: Banking, Insurance, Pension funds and Investment Banking. Its four operating subsidiaries are : Banco de Credito del Peru (BCP), Atlantic Security Bank (ASB), El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros, and Prima AFP. The Company conducts its wholesale banking, treasury and retail banking and wealth management activities primarily through BCP, Peruvian commercial bank, ASB private banking and asset management firm. It conducts its pension fund business through Prima AFP, and its insurance activities through Grupo Pacifico. It conducts its investment banking business primarily through BCP Capital S.A.A. in Peru, Correval S.A. in Colombia, and IM Trust S.A. in Chile.
Banking includes handling loans, credit facilities, deposits and current accounts, and providing investment banking services, including corporate finance, both for corporate and institutional customers. Banking also includes handling deposits consumer loans and credit cards facilities for individual customers. The Company conducts banking activities in Bolivia through BCP Bolivia, a service commercial bank. Its banking business is organized into wholesale banking activities, which are carried out by BCP’s wholesale banking group (which includes the corporate banking operations of ASB), and retail banking activities, which are carried out by BCP’s Retail Banking Wealth Management Group (RB&WM). It also conducts its banking business through Atlantic Security Bank (ASB).
Its deposit-taking operations are managed by BCP’s RB&WM group and ASB’s private banking group.
Credicorp’s insurance segment includes commercial property, transportation and marine hull, automobile, life, health and pension fund underwriting insurance. Private hospital services are also included under this operating segment. The Company conducts its insurance operations Grupo Pacifico and its subsidiaries, which provide a broad range of insurance products. Grupo Pacifico focuses on three business areas: property and casualty insurance through Pacifico Seguros, life and pension insurance through Pacifico Vida, and health care insurance through Pacifico Salud. The Company sells its products directly and through independent brokers and agents.
Credicorp's pension funds segment provides private pension fund management services to customers. Credicorp conducts all of its pension fund activities through its private pension fund administrator Prima AFP.
The Company’s Investment Banking includes corporate finance including structured lending, capital markets; sales & trading including equity, fixed income, and derivatives, and asset management including investment funds, mutual funds, advisory and mandates. Its regional investment banking platform consists of three business units: Asset Management, Sales & Trading and Corporate Finance Investment Banking Business.
Calle Centenario 156, Lima 12
LA MOLINA 12