Credicorp Ltd (NYSE:BAP) Q4 2022 Earnings Conference Call February 10, 2023 9:30 AM ET Company Participants Milagros Cigüeñas - Head of IR Gianfranco Ferrari - CEO Cesar Rivera - CFO Reynaldo Llosa - Chief Risk Officer Conference Call Participants Daer Labarta - Goldman Sachs Geoffrey Elliott - Autonomous Yuri Fernandes - JPMorgan Juan Recalde - Scotiabank Andres Soto - Santander Tejkiran Kannaluri Magesh - White Oak Capital Carlos Gomez - HSBC Operator Good morning, everyone. I would like to welcome y ...

Credicorp Ltd (NYSE:BAP) Q3 2022 Earnings Conference Call November 4, 2022 10:30 AM ET Company Participants Milagros Ciguenas - Head, IR Gianfranco Ferrari - CEO Francesca Raffo - Chief Innovation Officer Cesar Rios - CFO & Head, Finance Reynaldo Llosa - Chief Risk Officer Conference Call Participants Jason Mollin - Scotiabank Ernesto Gabilondo - Bank of America Merrill Lynch Thiago Batista - UBS Daer Labarta - Goldman Sachs Carlos Gomez - HSBC Sergey Dubin - Harding Loevner Andres Soto - Santander Yuri Fer ...

Financial Performance - Core income increased by 17.5% year-over-year, with a return on equity (ROE) of 19.6%[9] - Net Interest Income (NII) increased by 22.5% year-over-year, and fees increased by 6.6% year-over-year[48] - The Common Equity Tier 1 (CET1) ratio for BCP was 11.8% and for Mibanco was 16.0%[9,48] - Earnings contribution was 75.7% from Universal Banking, 9.9% from Microfinance, 12.5% from Insurance & Pensions, and 1.9% from IB & WM[48] Digitalization and Customer Engagement - BCP's digital clients represent 63% of their client base[9,36] - Digital clients have 2.8 products compared to 1.6 products for non-digital clients[32] - Digital monetary transactions are 19.2 times higher for digital clients compared to non-digital clients[32] - Yape has over 10 million users and aims for 150 billion S/ in annual volume transacted by 2024[43,45] Risk Management and Asset Quality - Structural Non-Performing Loan (NPL) coverage ratio was 113.3%[9] - Structural Cost of Risk (CoR) was 1.22%[9] - Structural loans increased by 10.8% year-over-year[48]

Financial Performance & Strategy - Credicorp's strategy is validated by key 2Q22 indicators and financial performance[8] - Credicorp remains focused on driving sustainable growth, highlighting consolidated profitability and building disruptors[11] - Credicorp is rearming its appetite for strengthening and consolidating leading core businesses[13] - Core income increased by 15% year-over-year[9] - Return on Equity (ROE) reached 16.9%[9] Key Business Units - Banco de Credito del Peru (BCP) standalone contributed 78.9% to earnings[42] with an ROE of 17.8%[43] - BCP's digital clients represent 58% of total clients[9, 43], with digital sales increasing by 37%[43] - Yape has over 9 million users and is evolving into a super app[45] - Microfinance, including Mibanco, contributed 10.5% to earnings[26] - Insurance & Pensions contributed 8.9% to earnings[27] Financial Metrics & Outlook - Structural loans increased by 14.1% year-over-year[25] - Net Interest Income (NII) increased by 18.7% year-over-year[26] - The structural cost of risk was 1.08%[26] - The company anticipates real GDP growth of 2.5% for the year[9]

Credicorp Ltd. (NYSE:BAP) Q2 2022 Results Conference Call August 12, 2022 10:30 AM ET Company Participants Milagros Cigüeñas - IRO Gianfranco Ferrari - CEO Cesar Rios - CFO Francesca Raffo - Chief Innovation Officer Reynaldo Llosa - Chief Risk Officer Diego Cavero - Head, Universal Banking Cesar Rivera - Head, Insurance and Pensions Conference Call Participants Ernesto Gabilondo - Bank of America Jason Mollin - Scotiabank Andres Soto - Santander Alonso Garcia - Credit Suisse Tito Labarta - Goldman Sachs Thi ...

Credicorp Ltd (NYSE:BAP) Q1 2022 Earnings Conference Call May 6, 2022 10:30 AM ET Company Participants Milagros Ciguenas - Head, IR Gianfranco Ferrari - CEO Cesar Rios - CFO & Head, Finance Reynaldo Llosa - Chief Risk Officer Conference Call Participants Ernesto Gabilondo - Bank of America Merrill Lynch Jason Mollin - Scotiabank Daer Labarta - Goldman Sachs Group Carlos Gomez - HSBC Geoffrey Elliott - Autonomous Research Yuri Fernandes - JPMorgan Chase & Co. Olavo Duarte - UBS Alonso Aramburú - BTG Alonso G ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of ...

Financial Data and Key Indicators Changes - Credicorp's net income for Q1 2021 totaled PEN 651 million, representing a 215.8% year-over-year increase, reflecting prior provisions set aside during the pandemic [12][13] - Return on equity for the quarter was 10.6%, driven by a decrease in provisions and improved asset quality [13] - Net interest income grew by 2.6%, with a net interest margin (NIM) remaining flat at 3.73% [13][32] Business Line Data and Key Indicators Changes - BCP Stand-Alone contributed PEN 725 million in earnings with an 18.4% return on equity, while Mibanco's earnings contribution was PEN 14 million with a 2.7% return on equity [15][18] - Pacifico's life insurance business reported losses of PEN 96 million due to increased COVID-19 claims [21] - Investment Banking and Wealth Management reported earnings of PEN 37 million, close to pre-pandemic levels [15] Market Data and Key Indicators Changes - Peru's GDP is estimated to have grown around 4% year-over-year in Q1 2021, marking the first positive growth in five quarters [9] - Loan growth in March 2021 stood at 9.4% year-over-year, driven by Reactiva loans, but total loans declined 7% year-over-year when excluding Reactiva loans [10][11] - The Peruvian Sol depreciated to a record low amid political uncertainty, while copper prices reached a peak of $4.43, supporting GDP recovery expectations [10] Company Strategy and Development Direction and Industry Competition - Credicorp is focusing on digital transformation and enhancing financial inclusion, particularly through a hybrid business model at Mibanco [39] - The company is navigating political uncertainties and regulatory changes, including interest rate caps and pension fund withdrawals, which may impact financial inclusion [42][46] - Credicorp aims to maintain a strong liquidity position and adapt to changing market conditions while managing risks associated with political volatility [66] Management's Comments on Operating Environment and Future Outlook - Management highlighted the ongoing challenges posed by the pandemic and political landscape, emphasizing the need for consensus in the new executive branch [6][8] - The company expects GDP growth in Peru to be between 8% and 10% for 2021, with loan growth anticipated to be at the lower end of guidance due to weak dynamics [41] - Management expressed confidence in the recovery of asset quality and cost of risk, projecting continued improvement in these areas [41] Other Important Information - Credicorp's efficiency ratio was reported at 44%, with an adjusted ratio of 43.06% after excluding certain charges [36] - The company published its first sustainability report, outlining its commitment to long-term value creation and alignment with the United Nations Sustainable Development Goals [40] Q&A Session Summary Question: What are the risks for the financial sector if Castillo is elected president? - Management indicated uncertainty regarding the specific impacts on the financial sector, as there are no clear details in the economic program [52] Question: Will the cost of risk remain at the lower end of guidance? - Management confirmed that the portfolio performance has been better than expected, suggesting the cost of risk may remain on the lower side of guidance [54] Question: What is the outlook for Mibanco's return on equity? - Management expressed confidence that Mibanco could return to a 20% return on equity in the future, although this year the target is high single digits due to the impact of lockdowns [60] Question: How is Credicorp preparing for political uncertainty? - Management is managing FX positions and preparing for various scenarios, emphasizing their experience in navigating uncertainty [66] Question: What is the potential impact of the interest rate caps? - Management noted that the caps could significantly affect financial inclusion, with estimates suggesting over one million people may be excluded from financial services [71]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ¨ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ¨ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of ...