v3.26.1
OTHER ASSETS AND OTHER LIABILITIES
 12 Months Ended
Dec. 31, 2025
OTHER ASSETS AND OTHER LIABILITIES [Abstract]  
OTHER ASSETS AND OTHER LIABILITIES OTHER ASSETS AND OTHER LIABILITIES
a)    This item consists of the following:
20252024
S/(000)S/(000)
Other assets -
Financial instruments:
Receivables (b)1,577,490 1,225,171 
Derivatives receivable (c)1,231,865 904,791 
Receivables from sale of investments (d)787,539 824,988 
Margin call and others (e)2,604,469 1,087,831 
Operations in process (f)133,045 131,029 
6,334,408 4,173,810 
Non-financial instruments:
Claim filed with the Tax Authority (l), Note 311,577,175 — 
Investment properties, net (g)795,506 625,105 
Deferred fees (h)709,384 1,026,896 
Improvements in leased premises254,018 149,298 
VAT (IGV) tax credit121,351 70,339 
Income tax prepayments, net119,910 226,847 
Adjudicated assets, net90,286 166,179 
Investment in associates (i)65,338 763,918 
Others78,171 31,763 
3,811,139 3,060,345 
Total10,145,547 7,234,155 
20252024
S/(000)S/(000)
Other liabilities -
Financial instruments:
Accounts payable (j)2,678,539 2,366,147 
Salaries and other personnel expenses1,746,168 1,335,800 
Derivatives payable (c)1,047,907 819,473 
Accounts payable for acquisitions of investments (d)657,417 832,530 
Allowance for indirect loan losses, Note 7(c)371,576 383,918 
Operations in process (f)158,178 227,549 
Dividends payable88,219 74,183 
6,748,004 6,039,600 
Non-financial instruments:
Taxes723,433 786,659 
Provision for sundry risks (k)625,117 646,739 
Others168,525 147,308 
1,517,075 1,580,706 
Total8,265,079 7,620,306 
b) As of December 31, 2025 and 2024, the balance is mainly composed of trade receivables from third parties arising from the sale of goods and services, receivables from payment operators related to credit and debit card transactions pending settlement, indemnities, third-party claims, commissions receivable, advances to employees, rental receivables, among others.

c)    The risk in derivative contracts arises from the possibility of the counterparty failing to comply with the terms and conditions agreed and that the reference rates at which the transactions took place change.
The table below shows as of December 31, 2025, and 2024 the fair value of derivative financial instruments, recorded as an asset or a liability, together with their notional amounts and maturities. The nominal amount, recorded gross, is the amount of a derivative’s underlying asset and is the basis upon which fair value of derivatives is measured.
202520242025 and 2024
NoteAssetsLiabilitiesNotional amountMaturityAssetsLiabilitiesNotional amountMaturityRelated instruments
S/(000)S/(000)S/(000)S/(000)S/(000)S/(000)
Derivatives held for trading (i) -
Foreign currency forwards546,954 283,787 32,518,743 January 2026 / November 2037161,495 210,947 33,716,473 January 2025 / April 2027–
Interest rate swaps444,343 396,355 53,011,798 January 2026 / November 2040456,575 352,677 48,119,429 January 2025 / January 2035–
Currency swaps223,448 346,591 10,928,546 January 2026 / February 2037219,648 230,848 13,625,101 January 2025 / November 2034–
Foreign exchange options5,532 4,263 842,734 January 2026 / December 20263,018 8,420 743,202 January 2025/ April 2026–
Futures97 3 38,338 March 20261,477 120 23,713 March 2025–
1,220,374 1,030,999 97,340,159 842,213 803,012 96,227,918 
Derivatives held as hedges
Cash flow hedges -
Cross interest rate swaps (IRS)4(b)(i)677 – 504,450 April 2026 / May 2026– 970 564,600 April 2026 / May 2026Cash and due from banks
Cross currency swaps (CCS)15(a)(iii)– – – −– 5,937 71,940 November 2025Bonds issued / Loans (**)
Cross currency swaps (CCS)15(a)(iv)– – – −18,993 2,359 828,080 January 2025Bonds issued
Cross currency swaps (CCS)14(b)(i)– – – −– 5,242 225,840 May 2025 / June 2025Debts to bank
Cross currency swaps (CCS)6(b)(i)– – – −1,802 1,852 46,970 January 2025 / April 2025Investments (*)
Fair value hedges -
Interest rate swaps (IRS)6(b)(i)10,593 – 504,450 May 2026 / February 202833,027 – 790,440 March 2025 / February 2028Investments (*)
Foreign currency forwards6(b)(i)193 14,839 167,286 January 2026 / July 20265,597 98 125,173 January 2025 / February 2026Investments (*)
Foreign currency forwards7(g)28 2,069 44,858 January 2026 / December 20263,159 3 136,603 March 2025 / December 2025Loans
11,491 16,908 1,221,044 62,578 16,461 2,789,646 
1,231,865 1,047,907 98,561,203 904,791 819,473 99,017,564 
(*)    Corresponds to investments classified at the fair value through other comprehensive income under IFRS 9 as of December 31, 2025 and 2024.
(**)    As of December 31, 2025, the cross-currency swap (CCS) contracts held by the Group expired. As of December 31, 2024, the Group held cross-currency swap contracts for a notional amount of ¥3,000.0 million, equivalent to $19.1 million), which were decomposed by risk variables into
two cross-currency swaps (CCS) for the purpose of being designated as cash flow hedges and re-expressing the initial exposures in the functional currency, as follows:

-    JPY-PEN for ¥3,000.0 million, equivalent to S/71.9 million as of December 31, 2024, designated for cash flow hedges of bonds issued in yen.
-    PEN-USD for $20.3 million equivalent to S/76.4 million as of December 31, 2024, designated for cash flow hedging of U.S. Dollar placements up to that amount.
(i)    Held-for-trading derivatives are principally negotiated to satisfy customers’ needs. On the other hand, the Group may also take positions with the expectation of profiting from favorable movements in prices or rates. Also, this caption includes any derivatives which do not comply with IFRS 9 hedge accounting requirements. Fair value of derivatives held for trading classified by contractual maturity is as follows:
20252024
Up to 3
months		From 3
months
to 1 year		From 1 to
3 years		From 3 to 5
years		Over 5
years		TotalUp to 3
months		From 3
months
to 1 year		From 1 to
3 years		From 3 to 5
years		Over 5
years		Total
S/(000)S/(000)S/(000)S/(000)S/(000)S/(000)S/(000)S/(000)S/(000)S/(000)S/(000)S/(000)
Foreign currency forwards349,599 196,334 1,021 – – 546,954 106,414 53,498 1,583 – – 161,495 
Interest rate swaps 32,636 30,009 99,905 78,043 203,750 444,343 22,151 33,774 141,134 82,228 177,288 456,575 
Currency swaps5,077 46,348 98,221 44,115 29,687 223,448 43,713 31,998 72,826 56,141 14,970 219,648 
Foreign exchange options2,948 2,584 – – – 5,532 1,175 1,369 474 – – 3,018 
Futures97 – – – – 97 1,477 – – – – 1,477 
Total assets390,357 275,275 199,147 122,158 233,437 1,220,374 174,930 120,639 216,017 138,369 192,258 842,213 
20252024
Up to 3
months		From 3
months
to 1 year		From 1 to
3 years		From 3 to 5
years		Over 5
years		TotalUp to 3
months		From 3
months
to 1 year		From 1 to
3 years		From 3 to 5
years		Over 5
years		Total
S/(000)S/(000)S/(000)S/(000)S/(000)S/(000)S/(000)S/(000)S/(000)S/(000)S/(000)S/(000)
Foreign currency forwards167,894 111,108 4,785 – – 283,787 141,078 67,531 2,338 – – 210,947 
Interest rate swaps 25,645 23,324 60,152 87,809 199,425 396,355 21,591 50,376 88,792 29,965 161,953 352,677 
Currency swaps101,725 64,491 88,744 50,879 40,752 346,591 26,293 25,499 79,045 71,857 28,154 230,848 
Foreign exchange options1,706 2,557 – – – 4,263 3,175 4,075 1,170 – – 8,420 
Futures3 – – – – 3 120 – – – – 120 
Total liabilities296,973 201,480 153,681 138,688 240,177 1,030,999 192,257 147,481 171,345 101,822 190,107 803,012 
(ii)    The Group is exposed to variability in future cash flows on assets and liabilities in foreign currency and/or those that bear interest at variable rates. The Group uses derivative financial instruments as cash flow hedges to cover these risks. A schedule indicating the periods when the current cash flow hedges are expected to occur and affect the consolidated statement of income, net of deferred income tax is presented below:
20252024
Up to 1
year		From 1 to
3 years		From 3 to 5
years		Over 5
years		TotalUp to 1
year		From 1 to
3 years		From 3 to 5
years		Over 5
years		Total
S/(000)S/(000)S/(000)S/(000)S/(000)S/(000)S/(000)S/(000)S/(000)S/(000)
Cash inflows (assets)506,116 – – – 506,116 1,202,322 568,812 – – 1,771,134 
Cash outflows (liabilities)(506,042)– – – (506,042)(1,190,257)(566,730)– – (1,756,987)
Consolidated statement of income448 – – – 448 2,764 1,845 – – 4,609 
d)    As of December 31, 2025 and 2024, this balance corresponds to accounts receivable and payable for the sale and purchase of financial investments negotiated during the last days of the month, which were settled during the first days of the following month.

e)    As of December 31, 2025 and 2024, this balance mainly corresponds to (i) collateral delivered in connection with derivative financial instruments transactions, which are primarily executed through central clearing counterparties such as Chicago Mercantile Exchange (CME) and London Clearing House (LCH); (ii) collateral provided for repurchase agreement transactions; and (iii) funds held at the Central Reserve Bank of Peru (BCRP) to conduct immediate interbank transfer clearing services among different banks within the Peruvian financial system.

f)    Operations in process include deposits received, granted and collected loans, funds transferred and other similar types of transactions, which are made in the final days of the month and not reclassified to their final accounts in the consolidated statement of financial position until the first days of the following month. The regularization of these transactions does not affect the Group’s net income.
g)    Investment properties -
The movement of investment properties is as follows:
20252024
LandBuildingsTotalTotal
S/(000)S/(000)S/(000)S/(000)
Cost
Balance at January 1371,671 336,265 707,936 639,693 
Additions 96,603 86,960 183,563 70,399 
Acquisition of Pacifico EPS shares, Note 2(a)427 526 953 — 
Disposals and others(2,686)(3,851)(6,537)(2,156)
Ending period466,015 419,900 885,915 707,936 
Accumulated depreciation
Balance at January 1– 81,704 81,704 73,009 
Depreciation for the period– 8,803 8,803 9,098 
Disposals and others– (1,176)(1,176)(403)
Ending period– 89,331 89,331 81,704 
Impairment losses 689 389 1,078 1,127 
Net carrying amount465,326 330,180 795,506 625,105 
Land and buildings are mainly used for office rental, which are free of all encumbrances.
As of December 31, 2025 and 2024, the market value of the properties amounts to approximately S/1,322.3 million and S/1,235.1 million, respectively; which was determined through a valuation made by an independent appraisers.
h)    As of December 31, 2025, this balance relates mainly to system programming and maintenance services amounting to S/221.8 million, and to payments under the mileage‑based loyalty program that the Bank grants to its customers for the use of their cards, amounting to S/22.6 million. (As of December 31, 2024, it related mainly to payments under the mileage‑based loyalty program that the Bank grants to its customers for the use of their cards, as well as other financial products, amounting to S/363.6 million).

i)     As of December 31, 2025, the decrease in the investment in associates is due to the acquisition of the remaining 50.0 percent interest in Pacifico EPS, see Note 2. As of December 31, of 2024, Credicorp’s main associate was Pacífico S.A Entidad Prestadora de Salud (Pacífico EPS), whose balance amounts to S/692.1 million.
j)     As of December 31, 2025 and 2024, the balance mainly corresponds to accounts payable to suppliers for goods and services, accounts payable to merchants for customer purchases made with credit and debit cards, accounts payable to insurance policyholders, accounts payable related to insurance premiums to the Deposit Insurance Fund, among others.

k)    The movement of the provision for sundry risks for the years ended December 31, 2025, 2024 and 2023 was as follows:
202520242023
S/(000)
S/(000)
S/(000)
Balance at the beginning of the year646,739 642,520 624,149 
Provision, see Note 25149,651 315,214 95,873 
Decrease, net(171,273)(310,995)(77,502)
Balances at the end of the year625,117 646,739 642,520 
Because of the nature of its business, the Group has various pending lawsuits, which provisions are recorded when, in Management's and its in-house legal advisors opinion, it is likely that these may result in an additional liability and such amount can be reliably estimated. Regarding lawsuits against the Group which have not been recorded as a provision, in Management’s and its in-house legal advisors opinion, they will not result in an additional liability other than those recorded previously and they will not have a material effect on the Group’s consolidated financial statements.

l)     The amount corresponds to the Assessment and Penalty Resolutions issued by SUNAT to Grupo Crédito on June 27, 2025, for S/1,568.0 million, plus accrued interest from the date of issuance of the resolutions up to the settlement date amounting to S/9.2 million.