Credicorp (BAP) Rose as Results Exceeded Expectations

Core Insights - Global equity markets experienced significant growth in Q3 2025, with the MSCI ACWI Index increasing by 7.62% [1] - The Aristotle International Equity Fund (Class I-2) reported a return of 1.15% for the quarter, underperforming compared to the MSCI ACWI ex USA Index (6.89%) and the MSCI EAFE Index (4.77%) [1] Company Highlights - Credicorp Ltd. (NYSE:BAP), the largest bank in Peru, showed strong performance with a one-month return of 10.99% and a 52-week gain of 52.97% [2] - As of December 17, 2025, Credicorp's stock closed at $275.60, with a market capitalization of $21.873 billion [2] - Credicorp's robust loan growth, particularly in microfinance and retail, along with stable asset quality and disciplined cost management, contributed to its strong quarterly results [3] - The company's diversified platform in banking, insurance, and wealth management provides competitive advantages in Peru's underpenetrated financial system [3] - Credicorp's focus on long-term value, prudent capital allocation, and disciplined underwriting supports its resilience and potential for value compounding over time [3]