CONSOLIDATED STATEMENT OF INCOME - PEN (S/)
S/ in Thousands |
12 Months Ended |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2017 |
| CONSOLIDATED STATEMENT OF INCOME |
|
|
|
| Interest and similar income |
S/ 12,381,664
|
S/ 11,522,634
|
S/ 11,030,683
|
| Interest and similar expenses |
(3,290,867)
|
(3,033,529)
|
(2,959,196)
|
| Net interest, similar income and expenses |
9,090,797
|
8,489,105
|
8,071,487
|
| Provision for credit losses on loan portfolio |
(2,100,091)
|
(1,814,898)
|
(2,057,478)
|
| Recoveries of written-off loans |
254,155
|
283,190
|
268,313
|
| Provision for credit losses on loan portfolio, net of recoveries |
(1,845,936)
|
(1,531,708)
|
(1,789,165)
|
| Net interest, similar income and expenses, after provision for credit losses on loan portfolio |
7,244,861
|
6,957,397
|
6,282,322
|
| Other income |
|
|
|
| Commissions and fees |
3,232,781
|
3,126,857
|
2,911,408
|
| Net gain on foreign exchange transactions |
748,382
|
737,954
|
650,228
|
| Net gain on securities |
546,814
|
242,829
|
760,772
|
| Net gain on derivatives held for trading |
6,043
|
13,262
|
103,580
|
| Net gain from exchange differences |
19,735
|
16,022
|
17,394
|
| Others |
344,229
|
273,882
|
249,197
|
| Total other income |
4,897,984
|
4,410,806
|
4,692,579
|
| Insurance underwriting result |
|
|
|
| Net premiums earned |
2,419,349
|
2,091,366
|
1,875,973
|
| Net claims incurred for life, general and health insurance contracts |
(1,554,477)
|
(1,239,635)
|
(1,118,304)
|
| Acquisition cost |
(365,848)
|
(380,310)
|
(269,504)
|
| Total insurance underwriting result |
499,024
|
471,421
|
488,165
|
| Other expenses |
|
|
|
| Salaries and employee benefits |
(3,411,023)
|
(3,219,875)
|
(3,071,020)
|
| Administrative expenses |
(2,354,630)
|
(2,330,044)
|
(2,158,823)
|
| Depreciation and amortization |
(455,032)
|
(429,122)
|
(419,975)
|
| Depreciation for right-of-use assets |
(177,307)
|
0
|
0
|
| Impairment loss on goodwill |
0
|
(38,189)
|
0
|
| Others |
(268,469)
|
(230,180)
|
(238,314)
|
| Total other expenses |
(6,666,461)
|
(6,247,410)
|
(5,888,132)
|
| Profit before income tax |
5,975,408
|
5,592,214
|
5,574,934
|
| Income tax |
(1,623,077)
|
(1,520,909)
|
(1,393,286)
|
| Net profit |
4,352,331
|
4,071,305
|
4,181,648
|
| Attributable to: |
|
|
|
| Credicorp's equity holders |
4,265,304
|
3,983,865
|
4,091,753
|
| Non-controlling interest |
87,027
|
87,440
|
89,895
|
| Net profit for the year |
S/ 4,352,331
|
S/ 4,071,305
|
S/ 4,181,648
|
| Net basic and dilutive earnings per share attributable to Credicorp's equity holders (in Soles): |
|
|
|
| Basic |
S/ 53.66
|
S/ 50.13
|
S/ 51.49
|
| Diluted |
S/ 53.53
|
S/ 49.99
|
S/ 51.35
|