Credicorp

IFRS annual revenue increased from PEN 18.415 billion in FY2020 to PEN 27.472 billion in FY2024. If the relationship franchise holds, Credicorp can keep growing the top line from customer activity; if it weakens, growth would require price concessions or riskier credit.

Watch: BBVA Peru, Interbank, Scotiabank Peru, or other local banks begin winning primary-account relationships with materially better digital products or deposit pricing.

IFRS annual net income recovered from PEN 334.1 million in FY2020 to PEN 5.623 billion in FY2024 after the pandemic shock. For a bank, revenue growth is valuable only if it survives credit costs; broken underwriting would turn apparent growth into capital destruction.

Watch: A Peru recession, political shock, or severe weather event drives household, SME, or microfinance borrower stress before headline earnings deteriorate.

Cash and cash equivalents were PEN 47.570 billion at FY2024, up from PEN 33.921 billion at FY2023. Bank franchises compound only while funding remains stable; a liquidity scare can destroy earnings power faster than an income statement shows.

Watch: A Peruvian sovereign downgrade, currency shock, or political crisis triggers deposit outflows or a shift into foreign-currency cash outside the banking system.

IFRS annual diluted EPS rose from PEN 44.99 in FY2021 to PEN 69.09 in FY2024. Owners ultimately need per-share compounding; a bank can grow assets and revenue while shareholders earn little if costs, credit losses, or dilution absorb the gains.

Watch: Fintech, cybersecurity, and digital-transformation spending becomes a defensive cost merely to retain customers rather than a productivity lever.