Credicorp Ltd. (BAP) outlined its 2026 financial outlook following fourth-quarter 2025 results, projecting consolidated loan growth of 8.5% while navigating expected currency headwinds in Bolivia. The diversified financial services company anticipates core Peruvian operations—comprising Banco de Crédito del Perú (BCP) and Mibanco—will deliver double-digit expansion of approximately 11% when measured at constant exchange rates, offsetting pressure from regional currency movements.
The lender expects net interest margins to remain stable within the mid-to-high 6% range throughout 2026, supported by improving asset quality metrics and low double-digit percentage growth in fee-based income. These projections reflect management's confidence in organic earnings expansion across its primary markets despite external economic constraints.
Crdicorp signaled its commitment to shareholder returns, announcing plans to increase ordinary dividend payments alongside potential extraordinary capital distributions. The capital allocation strategy underscores the company's assessment that current profitability levels support enhanced distributions while maintaining adequate reserves for operations and growth initiatives.