Credicorp (Credicorp) Credit Losses Provision : $962 Mil (As of Sep. 2023)

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What is Credicorp Credit Losses Provision?

Credicorp's credit losses provision for the three months ended in Sep. 2023 was $244 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Sep. 2023 was $962 Mil.

Credicorp's quarterly credit losses provision increased from Mar. 2023 ($193 Mil) to Jun. 2023 ($214 Mil) and increased from Jun. 2023 ($214 Mil) to Sep. 2023 ($244 Mil).

Credicorp's annual credit losses provision declined from Dec. 2020 ($1,637 Mil) to Dec. 2021 ($363 Mil) but then increased from Dec. 2021 ($363 Mil) to Dec. 2022 ($517 Mil).

Credicorp Credit Losses Provision Historical Data

The historical data trend for Credicorp's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Credicorp Credit Losses Provision Chart

Credicorp Annual Data

Trend

Dec14

Dec15

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Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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503.82

1,637.48

362.89

517.09

961.88

Credicorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial															230.08	193.05	213.56	243.67	311.60

Credicorp Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $962 Mil.

Credicorp (Credicorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Credicorp Ltd (NYSE:BAP) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

BAP:Peru

Address

Calle Centenario 156, La Molina, Lima, PER, 12

Website

https://www.grupocredicorp.com

Credicorp Ltd is a financial services company in Peru. The company is involved mainly in commercial banking, providing trade finance, corporate finance, and leasing services. It also offers insurance for commercial property, transportation, automobile, life, health, and investment banking services: brokerage services, asset management, trust, custody and securitization services, trading and investment, and pension fund business. The company operates the following subsidiaries: Banco de Credito del Peru, Atlantic Security Bank, Prima AFP, El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros, Credicorp Capital, and BCP Bolivia.