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3Q25 Earnings Conference Call November 2025
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3Q25 Earnings Conference Call 2 Safe Harbor This material includes “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. All statements other than statements of historical fact are forward-looking and may contain information about financial results, economic conditions, trends and known uncertainties. Forward-looking statements are not assurances of future performance. Instead, they are based only on our managementʼs current views, beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Many forward-looking statements can be identified by words such as: “anticipate”, “intend”, “plan”, “goal”, “ambition”, “seek”, “believe”, “project”, “estimate”, “expect”, “strategy”, “future”, “likely”, “would”, “may”, “should”, “will”, “see” and similar references to future periods. Examples of forward-looking statements include, among others, statements or estimates we make regarding guidance relating to losses in our credit portfolio, efficiency ratio, provisions and non-performing loans, current or future market risk and future market conditions, expected macroeconomic events and conditions, our belief that we have sufficient capital and liquidity to fund our business operations, expectations of the effect on our financial condition of claims, legal actions, environmental costs, contingent liabilities and governmental and regulatory investigations and proceedings, strategy for customer retention, growth, governmental programs and regulatory initiatives, credit administration, product development, market position, financial results and reserves and strategy for risk management. We caution readers that forward-looking statements involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those that we expect or that are expressed or implied in the forward-looking statements, depending on the outcome of certain factors, including, without limitation, adverse changes in: � The economies of Peru, Colombia, Chile and other countries in which we conduct business, with respect to rates of inflation, economic growth, currency devaluation, and other factors, including in the light of the COVID-19 outbreak and government laws, regulations and policies adopted to combat the pandemic; � The political or social situation in Peru, Colombia and Chile, including, without limitation, the reversal of market-oriented reforms and economic recovery measures, or the failure of such measures and reforms to achieve their goals; � The occurrence of natural disasters; � The adequacy of the dividends that our subsidiaries are able to pay to us, which may affect our ability to pay dividends to shareholders and corporate expenses; � Performance of, and volatility in, financial markets, including Latin-American and other markets; � The frequency, severity and types of insured loss events; � Fluctuations in interest rate levels; � Foreign currency exchange rates, including the Sol/US Dollar exchange rate; � Deterioration in the quality of our loan portfolio; � Increasing levels of competition in Peru and other markets in which we operate; � Developments and changes in laws and regulations affecting the financial sector and adoption of new international guidelines; � Changes in the policies of central banks and/or foreign governments; � Effectiveness of our risk management policies and of our operational and security systems; � Losses associated with counterparty exposures; � Changes in Bermuda laws and regulations applicable to so-called non-resident entities. See “Item 3. Key Information—3.D Risk Factors” and “Item 5. Operating and Financial Review and Prospects” in our most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission for additional information and other such factors. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and are based only on information currently available to us. Therefore, you should not rely on any of these forward-looking statements. We undertake no obligation to publicly update or revise these or any other forward-looking statements that may be made to reflect events or circumstances after the date hereof, whether as a result of changes in our business strategy or new information, to reflect the occurrence of unanticipated events or otherwise.
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(1) As a percentage of Credicorpʼs total Risk-Adjusted Revenue. (2) Includes BCP Stand-alone and Mibanco. Data as of Aug 25. (3) Number of financially included clients through BCP since 2020: (i) New clients with savings accounts or affiliated to Yape. (ii) Ne w clients without debt in the financial system or BCP products in the last twelve months. (iii) Clients with three monthly average transactions in the last three months. (4) BCP Estimate. Solid Operating Performance Reinforced by Diversified Income Sources Solid Operating Performance Reinforced by Diversified Income Sources ROE 19.6% Innovation Portfolio Risk-adj. Revenue Share 1 7 .4%1 Higher Margins, Supported by Low-Cost Funding and Lower than Expected CoR Higher Margins, Supported by Low-Cost Funding and Lower than Expected CoR Risk Adj. NIM 5.5% +9 bps vs 2Q25 MS of Low-Cost Deposits 2 39.5% 2 Strong Solvency and Risk Control Ensure Resilience Strong Solvency and Risk Control Ensure Resilience BCP CET1 – Sep 25 13.17% Coverage Ratio 110.1%3 Disruption Investments Enhance Competitiveness and Sustainability Disruption Investments Enhance Competitiveness and Sustainability 3Q25 Efficiency Ratio 46.4% Financially Included 3 6.5 million people4 Net Positive Local Impact from Macro Dynamics Net Positive Local Impact from Macro Dynamics GDP E254 3.4% Ref. Rate – Nov 25 4.25%5 Robust 3Q25 Results Underscore Strong Execution and Favorable Operating Momentum 33Q25 Earnings Conference Call
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13.17% -25bps YoY 17 .14% -121bps YoY CET15 78.4% Universal Banking 12.7% Insurance & Pensions 3.0% Investment Management & Advisory 5.9% Microfinance FX Neutral Loan Portfolio Expanded While Asset Quality Improved Total Loans1 +1.5% YoY FX Neutral Loan Growth2 +7 .0% YoY NPL Ratio 4.8% -105bps YoY CoR 1.7% -71bps YoY (1) Measured in end-of-period balances. (2) This figure excludes the impact of Boliviaʼs balance sheet revaluation and the depreciation of BCPʼs dollar portfolio due to the appreciation of the Peruvian sol. Excluding the impact of Boliviaʼs balance sheet revaluation, loan growth was +4.4%, measured in EOP balance. (3) Includes demand deposits and saving deposits. (4) % Earnings Contribution based on the total of our 8 main subsidiaries: BCP, BCP Bolivia, Mibanco, Mibanco Colombia, Pacifico Seguros, Prima AFP, Credicorp Capital and ASB Bank Corp. (5) CET1 Ratio calculated under IFRS accounting. 3Q25 Key Financial Highlights 1 Higher NIM on Funding Tailwinds NII +2.7% YoY Low-Cost Deposits 3 58.1% of Funding Base +185bps YoY NIM 6.6% +14bps YoY 2 Growing Diversified Sources of Income Fee Income +8.2% YoY Gains on FX Transactions +23.4% YoY Ins. Underwriting Results +33.1% YoY 3 Diversified Business and Solid Capital Base Earnings Contributions 4 4 43Q25 Earnings Conference Call
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GDP and Domestic Demand (YoY % change)1 3-Month-Ahead Investment Expectations (points, period average, pessimistic < 50 < optimistic) 3 High-Frequency Economic Indicators 3Q25 (YoY % change)2,3 (1) Source: INEI and BCP for 3Q25 (2) Source: INEI, Sunarp, Sunat, BCRP. (3) Source: BCRP. Peru: Private Spending Continues To Drive Economic Growth -4.0 -3.0 -1.0 -2.0 1.0 2.0 0.0 3.0 4.0 5.0 7.0 6.0 3Q25F 2Q25 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 4Q24 1Q25 3Q24 3.5 6.2 14 15 16 20 24 40 Terms of Trade* Buying and selling of real state * Jul/Aug-25, **Excludes fuels. Real Industrial supplies imports** Capital goods imports Light-vehicle sales 57 30 40 50 70 60 2014 2015 2016 2017 2018 2019 2020 2021 2022 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 1Q25 3Q25 Oct-25 2Q25 4Q24 5 Heavy-duty vehicles sales GDP Domestic Demand 3Q25 Earnings Conference Call
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(1) Source: Forecasts from BCP for Peru, Credicorp Capital for Colombia and Chile, and IMF for the US. (2) Source: Bloomberg. (3) Source: Central Banks Fed to Cut Rates Further, Peru Close to Neutral Central Bank Policy Rates (%)3 Inflation CPI Rates (YoY % change)2 Peru Colombia 2025F 2024 2026F Chile U.S. 4.25 9.25 4.75 4.00 Dec23 Jun24 Nov25Dec24Jun23Dec22Jun22Dec21Jun21Dec20 6 1.4 5.5 3.4 3.0 Dec23 Jun24 Jun25Dec24Jun23Dec22Jun22Dec21Jun21Dec20 GDP (YoY % change)1 3Q25 Earnings Conference Call ChilePeruColombiaUS 1.6 1.6 2.6 2.6 3.2 3.2 2.1 2.1 2.6 2.62.3 2.3 3.4 3.43.3 3.3 2.0 2.0 2.8 2.8 2.42.4 2.5 2.5 Oct25
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ROE1 24.6% 30.9% 25.6% 3Q24 2Q25 3Q25 Loans2 S/ Million 117 ,687 120,999 123,089 3Q24 2Q25 3Q25 9M24 9M25 Efficiency Ratio3 36.2% 38.7% NIM 6.2% 6.0% 6.1% (1) Earnings contribution / Equity contribution. (2) Measured in end-of-period balances. (3) Beginning in 1Q25, these figures have been impacted by reclassifications between income and expenses accounts. For comparability purposes the metrics have been r esta- ted. For further detail please refer to our Earnings Release. (4) Includes Fee Income and Gains on FX Transactions. Universal Banking: Profitability was Bolstered by Resilient Risk-Adjusted NIM and Diversified Revenue Streams BCPʼs Drivers Risk-Adjusted NIM and Cost of Risk (%) 2.1% 1.8% 4.7% 1.3% 1.2% 5.0%4.9% 5.2% 1.3% 5.2% Risk-adjusted NIM Cost of Risk Other Core Income 3, 4 / Average Total Assets (%) 3Q252Q251Q254Q243Q24 7 1Q25 3Q252Q253Q24 4Q24 2.31% 2.30% 2.52% 2.48% 2.31% 3Q25 Earnings Conference Call
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Active Users and Engagement Financial Results (S/) (1) Management Figures. Yape¹: Credicorpʼs Digital Platform for Ecosystem Monetization; Scaled Lending to 20% of Total Revenue Revenue Generating TPV (S/billion) Payments 6.3 10.2 12.0 3Q24 2Q25 3Q25 Yapeʼs Revenue Share 57% 53% 53% 1.1 3.0 3.4 3Q24 2Q25 3Q25Lending Disbursed Clients (million) Yapeʼs Revenue Share 7% 18% 20% Monthly Revenues/MAU Monthly Expenditures/MAU 8 Sep24 Dec24 Mar25 Jun25 Sep25 58.554.5 44.1 13.0 14.9 15.5 # Avg. Functions / MAU # Avg. Functions / MAU 2.4 2.7 2.7 MAU (millions) # Monthly Transactions/MAU Sep24 Dec24 Mar25 Jun25 Sep25 4.2 5.0 4.7 4.4 5.0 4.6 6.1 6.2 6.5 7. 4 3Q25 Earnings Conference Call
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ROE1 9.4% 16.3% 18.8% 3Q24 2Q25 3Q25 Loans2 S/ Million 12,119 12,785 13,096 3Q24 2Q25 3Q25 52.8% 51.4% Efficiency Ratio NIM 13.9% 14.4% 15.0% (1) Earnings contribution / Equity contribution. (2) Measured in quarter-end balances. (3) Figures as of September 2025. (4) Internal Management Figures. Mibanco Peru Drivers Historical NPL Ratio (%) 3Q24 2Q25 3Q254Q22 6.1% 7. 8 % 5.7% 6.1% NPL Ratio Mibanco Peruʼs: 3Q25 Profit Growth Fueled by Stronger NIM and Improved Risk Management, Amid an Ongoing Economic Recovery Saving Deposits and Fee Income 9 5.5% 6.2% 5.4% 5.2%Cost of RiskCost of Risk 8.1% 9.1% 10.3% 11.0% Risk- Adjust NIM Risk- Adjust NIM 9M24 9M25 3Q25 Earnings Conference Call ³,⁴ Fees + FX (% of Total Income) 5.2% +8bps YoY Saving Deposits³ ,⁴ (% of Total Funding) 13.7% +144bps YoY
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3Q252Q253Q24 1,106 825 1,081 (1) Earnings contribution / Equity contribution. For 2Q25 and 3Q25, the figure reflects the full consolidation of Empresas Banmedica, including the capital paid for the acquisition, effective since March 2025. (2) Includes Interest Income and Interest Expenses. (3) Refers to the number of insurance policies issued through digital channels during 9M25. Grupo Pacificoʼs Insurance Service Results (S/ millions, %) Insurance Service Income Insurance Service Expenses (as a % of Insurance Service Income) Insurance Underwriting Results QoQ +6.9% +60.9% +31.7% YoY YTD Net Interest Income² -20.9% -16.1% +1.2% Grupo Pacifico's Drivers (% change) Experience, Efficiency & Growth 1.9MM (+7% YoY) Digital Policies 3 (#)Strengthened digital channels Strengthened digital channels 10 ROE1 24.3% 21.1% 20.9% 3Q24 2Q25 3Q25 Grupo Pacifico: Solid Underwriting Results Supports Profitability While the Impact of Credit Downgrades on a Couple of Assets Within the Investment Portfolio Dissipates 68.3% 62.7% 67 .7% 3Q25 Earnings Conference Call
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(1) (Net income from Credicorp Capital, ASB Bank Corp, and BCPʼs Private Banking) / (Net equity from Credicorp Capital, ASB Bank Corp., and Economic Capital assigned to BCPʼs Private Banking). (2) Internal Management figures. (3) Others include Trust and Security Services and Treasury. Since 1Q24 Others include Corporate Finance. WM AUMs2 Sep24 19,864 22,287 +12.2% Sep25 Variation AM AUMs2 22,633 29,430 +30.0% IM & Advisory Drivers (in US$ millions) ROE1 and Income by Business 2 (%, S/ millions) 11 IM & A: Strong Underlying Business Dynamics Help to Offset Higher Operating Expenses 3Q25 Earnings Conference Call Quarterly ROE Others3 Corporate Finance Capital Markets Asset Management Wealth Management 273 297 268 2Q253Q24 3Q25 17 .4%15.5%15.8%
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(1) Excluding the impact of BCP Boliviaʼs balance sheet revaluation, IEA stood at S/ 237 ,643 million in the 2Q25 and S/ 239,824 million in the 3Q25. Funding stood at S/ 196,368 in the 2Q25 and S/ 197 ,504 in the 3Q25. (2) Includes Cash and due from banks; Inter-bank funds; and Cash collateral, reverse repos and securities borrowing. (3) Other Loans includes BCP Bolivia loans. (4) Includes Repurchase agreements and BCRP instruments. (5) Includes Time deposits, Severance indemnity deposits and Interest payable. (6) Includes Demand deposits and Savings deposits. Balance Sheet Shift Toward Higher Yielding Assets and a Larger Low-Cost Funding Base Assets: Loan Growth Drove a Higher-Yielding IEA Mix Liabilities: Mix Shift Toward Lower-Cost Funding Sources Lowered Funding Cost Interest Earning Asset (IEA) Structure (S/ millions, %) Funding Structure (S/ millions, %) Yield on IEA Yield on IEA 231,365¹ 235,206¹234,325 Retail + Microfinance Loans Wholesale + Other Loans 3 GP Investments Cash and Others 2 8.6% 8.4% 8.6% 2Q253Q24 3Q25 Funding CostFunding Cost 191.475 189.254 192.062 56.2% 23.8% 8.9% 6.6% 4.5% 57 .2% 24.1% 6.4% 5.9% 6.4% 58.1% 24.0% 6.4% 5.9% 5.7% 2.7% 2.4% 2.4% 2Q253Q24 3Q25 Low-Cost deposits 6 Other deposits 5 Bonds and Notes issued Due to banks and correspondents Others4 12 32.3% 26.9% 1.6% 22.8% 16.4% 34.4% 25.3% 1.2% 22.3% 16.8% 35.1% 25.5% 1.0% 21.8% 16.7% 3Q25 Earnings Conference Call
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(1) Figures in quarter-end balances. (2) Includes Mibanco Colombia, ASB Bank Corp., and Others (3) Includes the impact of provisions for “El Niño” Phenomenon set aside in 4Q23 and subsequently reversed in 1Q24. NPL Y o Y Contraction Across Segments Provisioning Materially Contracted Over the LTM Following Successful Risk Management Measures Total NPLs1 (S/ millions) Total Provisions³ (S/ millions) Asset Quality Continued to Strengthen Y o Y Amid Economic Recovery and Risk Management Measures Coverage RatioCoverage Ratio BCP Mibanco Others2 13 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 6,9706,992 8,3608,659 98.7%93.0% 109.5% 110.1% 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 868918 575 603 5.8% 5.4% 5.2% 2.3% 1.2% 1.3% 2.5% 6.2% 2.1% 2.4% 1.6% 1.7% Cost of RiskCost of Risk BCP Mibanco Credicorp BCP Mibanco BCP Bolivia Others2 3Q25 Earnings Conference Call
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(1) Other Core Income includes Fee Income and Gains on FX Transactions. (2) Beginning in 1Q25, these figures have been impacted by reclassifications between income and expenses accounts. For comparability purposes the metrics have been restated. For fur- ther detail please refer to our Earnings Release. Diversified Revenues Streams Boosted Core Income, While the Efficiency Ratio Stands within Guidance Range Other Core Income Growth Complemented Higher Risk-Adjusted NIM Operating Expenses Increased Y o Y Driven by Core Business at BCP and Innovation Portfolio Initiatives Core Income (S/ millions) Accumulated Operating Expenses (S/ millions) 6,697 7 ,555 5,868 829 6,593 962 9M24 9M25 OPEX - Disruption Disruption Efficiency ratio2 (%) NIMNIM 4,893 5,017 5,145 3,591 983 320 3,615 1,025 377 3,688 1,063 395 6.43% 6.42% 6.57% Risk-Adj NIMRisk-Adj NIM 4.93% 5.44% 5.53% 2Q253Q24 3Q25 +187pbs +12.8% +5.1% YoY Net Interest Income Fees FX Transactions +11.9% YoY Other Core Income1,2 45.7% 9M25 43.8% 9M24 +12.4% 14 ] 3Q25 Earnings Conference Call
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Net Income and ROE (S/ millions, %) (1) 2022 and 2023 figures are expressed in IFRS 17 . (2) Excludes the extraordinary income related to the acquisition of the remaining 50% stake in the joint venture with Empresas Banmedica in 1Q25. Delivered Remarkable 9M25 Profitability, Supported by Broad-Based Business Strength Annual Results¹Annual Results¹ 2022 2023 20242021 16.8% 16.5%15.8%13.9% 1.4% 17 .0% 20202019 4,866 5,501 4,648 4,265 347 3,585 Net IncomeROE 15 Accumulated Results Accumulated Results 17 .7% 20.1% 4,375 5,338 9M24 19.3% ROE Excluding Banmedicaʼs transaction Gain² ROE Excluding Banmedicaʼs transaction Gain² 9M25 3Q25 Earnings Conference Call
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(1) Excludes the impact of Bolivia´s balance sheet revaluation. Measured in End-of-Period balance. (2) Loan growth was 7 .0% FX Neutral. (3) Excluding extraordinary income related to Banmedicaʼs transaction in 1Q25, ROE stood at 19.3% Our 2025 Guidance 163Q25 Earnings Conference Call Loan Portfolio Growth 1 Real GDP Growth around 3.0% 6.2% – 6.5% around 6.5% 1.8% – 2.2% 5.3%5.0% – 5.2% 45.0% – 47 .0% +3.4% 6.3% +4.4%2 1.6% around 19.0% 20.1%3 Cost of Risk Efficiency Ratio ROE Net Interest Margin (NIM) Risk-Adjusted NIM 2025 Guidance 9M25 Results 45.7%
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17 3Q25 Closing Remarks 1 2 3 4 Strong operating foundation and clear strategic direction. Medium-term ROE target reaffirmed at ~19.5%, underpinned by an inclusive digital model that is driving a more retail-oriented mix, higher other income, and enhanced efficiency. Executing with discipline to expand financial inclusion and deliver sustainable value amid Peruʼs resilient macro backdrop. Strategy built to perform through cycles; diversification and disciplined execution continue to drive results. 3Q25 Earnings Conference Call
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3Q25 Earnings Conference Call November 2025