“We were affected by the microfinance impact, but that’s now behind us,” said V Vaidyanathan, MD & CEO of IDFC First Bank, in an interview with ET Now.He added, “You’ll now see our net interest margin improving. Repo rate pass-throughs are complete, the balance sheet is growing well, and Asset quality steady, credit costs decliningVaidyanathan pointed out that Special Mention Account (SMA) numbers and slippages have improved consistently over the past six quarters.“Our SMA-1, SMA-2, and NPA numbers are com ...

Lima, Oct. 17, 2025 (GLOBE NEWSWIRE) -- Lima, PERU, October 17th, 2025 - Credicorp Ltd. (“Credicorp”) (NYSE: BAP | BVL: BAP) announces that in accordance with its corporate disclosure policies and to prevent any leaks of financial results and ensure fairness, the Company will start the quiet period for 3Q25’s earnings release on October 30th. This period will end on the date of the release, November 13th. During the quiet period, the Company will not disclose any financial information, comment on financial ...

Core Viewpoint - The Peruvian Tax Authority (SUNAT) has cancelled a tax assessment and fine totaling approximately S/ 1.6 billion soles against Credicorp, allowing the company to challenge the resolutions through legal channels while maintaining its commitment to regulatory compliance [2][3]. Group 1: Tax Dispute Update - The total amount of the Tax Assessment Resolutions and Fine Resolutions issued by SUNAT on June 27, 2025, has been cancelled, resolving any potential misperception of outstanding obligations to the Peruvian State [2]. - Credicorp is exercising all legal rights available to challenge the Resolutions and remains confident in a favorable outcome, assessing the contingency as remote [3]. Group 2: Company Overview - Credicorp is the leading financial services holding company in Peru, with operations in Chile, Colombia, Bolivia, and Panama, and has a diversified business portfolio organized into four lines: Universal Banking, Microfinance, Insurance & Pension Funds, and Investment Management & Advisory [4].

Group 1 - Credicorp Ltd. will release its 2Q25 Earnings Report on August 14, 2025, after market close [1] - A conference call to discuss the earnings results will take place on August 15, 2025, at 10:30 a.m. ET [1] - The call will be hosted by key executives including the CEO, CFO, and heads of various divisions [1] Group 2 - Participants are encouraged to pre-register for the webcast presentation to gain immediate access [2] - Those unable to pre-register can dial in using provided toll-free and international numbers [3] - The webcast will be archived for one year on Credicorp's investor relations website [3] Group 3 - Credicorp is a leading financial services holding company in Peru with operations in Chile, Colombia, Bolivia, and Panama [4] - The company has a diversified business portfolio organized into four lines: Universal Banking, Microfinance, Insurance & Pension Funds, and Investment Management & Advisory [4]

Core Viewpoint - Credicorp Ltd. initiates legal action against the Peruvian Tax Administration (SUNAT) for disregarding legal norms and decisions made by SUNAT's Review Committee, which undermines legal certainty for companies operating in Peru [1][4]. Group 1: Legal Action and Tax Dispute - The legal action is in response to SUNAT's reopening of a case regarding transactions from 2018 and 2019, where Grupo Crédito S.A. purchased Banco de Crédito del Perú (BCP) shares from Credicorp Ltd. [2][4]. - SUNAT is seeking over S/. 1.5 billion in alleged unpaid income tax and accrued interest, despite the Review Committee's previous confirmation of the transactions' authenticity and compliance with tax laws [4]. Group 2: Compliance and Regulatory Framework - The transactions were communicated to the Superintendencia del Mercado de Valores (SMV), approved by the Superintendencia de Banca, Seguros y AFP (SBS), and registered with Registro Central de Valores y Liquidaciones (CAVALI), indicating full compliance with legal and regulatory requirements [3]. - Grupo Crédito S.A. reaffirms its commitment to regulatory and tax compliance, emphasizing the protection of its employees, clients, and investors [5]. Group 3: Company Overview - Credicorp is the leading financial services holding company in Peru, with operations in Chile, Colombia, Bolivia, and Panama, and has a diversified business portfolio across Universal Banking, Microfinance, Insurance & Pension Funds, and Investment Management & Advisory [6].