Credicorp Q2 Earnings Call Highlights

Credicorp’s (BAP) Q2 return on equity (ROE) was 20.3%, and it raised its medium-term ROE outlook to ~22%. Management attributes the upgrade to stronger loan growth, improved portfolio quality, a low-cost funding base, and rising contributions from digital and fee-based businesses. The guidance raise and profitability momentum are likely supportive for the stock, with moderate positive potential for near-term moves.

Analysis

Credicorp’s (BAP) Q2 return on equity (ROE) was 20.3%, and it raised its medium-term ROE outlook to ~22%. Management attributes the upgrade to stronger loan growth, improved portfolio quality, a low-cost funding base, and rising contributions from digital and fee-based businesses. The guidance raise and profitability momentum are likely supportive for the stock, with moderate positive potential for near-term moves.