v3.26.1
BONDS AND NOTES ISSUED
 12 Months Ended
Dec. 31, 2025
BONDS AND NOTES ISSUED [Abstract]  
BONDS AND NOTES ISSUED BONDS AND NOTES ISSUED
a)    This item consists of the following:
20252024
Annual
interest
rate		Interest
payment		MaturityIssued
amount		Carrying
amount		MaturityIssued
amount		Carrying
amount
%(000)S/(000)(000)S/(000)
Senior notes - BCP (i)5.85 Semi-annualJanuary 2029US$500,000 1,666,865 January 2029US$500,000 1,862,468 
Senior notes - BCP (i)7.85 Semi-annualJanuary 2029S/1,150,000 1,132,782 January 2029S/1,150,000 1,150,000 
Senior notes - BCP5.05 Semi-annualJune 2027US$30,000 100,646 June 2027US$30,000 112,471 
Senior notes - EPS (ii)6.59 Semi-annualSeptember 2037S/130,000 82,991 -- - 
Senior notes - BCP (iii)0.97 Semi-annual-- - November 2025¥3,000,000 71,796 
Senior notes - BCP (iv)2.70 Semi-annual-- - January 2025US$700,000 2,604,249 
Senior notes - Credicorp Ltd. (v)2.75 Semi-annual-- - June 2025US$500,000 1,810,391 
Corporate bonds -
First program
First issuance (Series A) - Mibanco Colombia9.00 Quarterly-- - January 2025$112,500 22,441 
First issuance (Series Unica) - Banco de Credito de Bolivia (vi)6.40 Semi-annualApril 2037Bs85,00033,974 - - - 
3,017,258 7,633,816 
20252024
Annual interest
rate		Interest
payment		MaturityIssued
amount		Carrying
amount		MaturityIssued
amount		Carrying
amount
%(000)S/(000)(000)S/(000)
Subordinated bonds -
Subordinated bonds - BCP (vii)6.45Semi-annualJuly 2035US$750,0002,505,546 -- -
Subordinated bonds - BCP (viii)5.80Semi-annualMarch 2035US$600,0002,003,766 March 2035US$600,000 2,241,242 
Subordinated bonds - BCP (ix)3.25Semi-annualSeptember 2031US$500,0001,679,375 September 2031US$500,0001,872,212 
Subordinated bonds - BCP (x)5.65Semi-annualJanuary 2037US$500,0001,665,644 ---
Subordinated bonds - BCP (xi)3.13Semi-annual---July 2030US$850,0003,177,658 
Second program
Second issuance (Series B) - Pacífico Seguros8.00Semi-annualMay 2033US$60,000 201,780 May 2033US$60,000 225,840 
Second issuance (Series A) - Pacífico Seguros4.41Semi-annualDecember 2030US$50,000 153,105 December 2030US$50,000 171,365 
First issuance (Series B) - MiBanco7.22Semi-annual---June 2027S/30,000 30,000 
Third program
Issuance IV - Banco de Crédito de Bolivia5.85Semi-annualFebruary 2033 Bs120,810 48,250 February 2033 Bs120,810 63,707 
Issuance III - Banco de Crédito de Bolivia6.00Semi-annualAugust 2030 Bs100,000 40,032 August 2030 Bs100,000 52,268 
Issuance I - Banco de Crédito de Bolivia6.25Semi-annualAugust 2028 Bs70,000 16,895 August 2028 Bs70,000 36,146 
Fourth program
Fourth issuance (Series B) - Pacífico Seguros (xii)6.03Semi-annualDecember 2035US$45,000149,500 ---
First issuance (Series A) - Mibanco5.84Semi-annualMarch 2031S/155,000 146,274 March 2031S/155,000 146,274
Fifth program
First issuance (Serie B) - Mibanco (xiii)7.00Semi-annualAugust 2035S/127,552127,552 ---
First issuance (Series A) - Mibanco (xiv)7.56Semi-annualMarch 2035S/100,000100,000 --- 
8,837,719 8,016,712 
Negotiable certificate of deposit - Mibanco Colombia
From 1.00 to 14.35
To maturityJanuary 2026 / December 2028$1,691,813 1,602,002 January 2025 / October 2027$1,343,411 1,254,245 
Negotiable certificate of deposit - Mibanco
From 3.50 to 7.20
AnnualJanuary 2026 / November 2029S/278,630278,630 January 2025 / September 2026S/314,870 118,813 
13,735,609 17,023,586 
Interest payable289,926 244,857 
Total14,025,535 17,268,443 
International issuances maintain certain operating and finance covenants, which, in Management’s opinion, the Group has complied with as of the dates of the consolidated statement of financial position.
(i) On January 11, 2024, the Bank carried out the issuance of Senior Notes under the Medium-Term Note Program for a total of US$500.0 million in U.S. Dollars, at a coupon rate of 5.85 percent, and S/1,150.0 million in soles, at a coupon rate of 7.85 percent; both issuances maturing in January 2029. Until December 11, 2028, the Bank may redeem all or part of the Senior Notes at a redemption price equal to the greater of (i) 100.0 percent of the principal amount of the Senior Notes, and (ii) the sum of the remaining cash flows discounted at a rate equal to the U.S. Treasury interest rate plus 30 basis points (for the U.S. Dollar issuance) and the interest rate of the Sovereign Bonds issued by the Government of Peru or another comparable security plus 30 basis points (for the sol issuance). The principal payment will take place on the maturity date of the Senior Notes or when the Bank executes their redemption. Beginning on December 11, 2028, the Bank may redeem all or part of the Notes at a redemption price equal to 100.0 percent of the aggregate principal amount of the Notes to be redeemed.
(ii) On September 28, 2017, Pacífico S.A. Entidad Prestadora de Salud carried out the issuance of Senior Notes for an amount of approximately S/130.0 million. These securities bear a fixed annual interest rate of 6.59 percent, with a maturity date of September 28, 2037.
(iii) As of December 31, 2024, the Bank maintained a cross-currency swap (CCS) with a notional amount of ¥3,000.0 million, equivalent to S/71.9 million, see Note 12(c), which was decomposed by risk variables into two cross-currency swaps (CCS) for the purpose of being designated as (i) a cash flow hedge of a fixed-rate yen-denominated bond, which was converted into soles through this swap, and (ii) a cash flow hedge of loan placements.
(iv) As of January 11, 2025, the bond was fully amortized. This instrument was issued in September 2019 under the Medium-Term Note Program for an amount of US$700.0 million, with a semiannual coupon rate of 2.70 percent per year, and a maturity date of January 2025.
As of December 31, 2024, the Bank maintained a cross-currency swap (CCS) with a notional amount of US$220.0 million, equivalent to S/828.1 million, see Note 12(c), which was designated as a partial cash flow hedge of a fixed-rate U.S. Dollar-denominated senior note; through this CCS, the senior note was economically converted into a fixed-rate sol-denominated instrument.
(v) As of June 17, 2025, the bond was fully amortized. This bond was issued in June 2020 under the Medium-Term Note Program for an amount of US$500.0 million, with a semiannual coupon rate of 2.75 percent per year and a maturity date of June 2025.
(vi) On June 26, 2025, Banco de Crédito de Bolivia issued a Corporate Bond under its First Program, Single Series, for Bs85.0 million at a semiannual coupon rate of 6.40 percent per year, with a maturity date of April 23, 2037. The principal will be paid at maturity or in the event of early redemption by the entity.
(vii)On April 30, 2025, the Bank issued Subordinated Notes under the Medium-Term Note Program for US$750.0 million at a semiannual coupon rate of 6.45 percent, maturing on July 30, 2035, denominated ‘6.45 percent Subordinated Fixed-to-Fixed Rate Notes Due 2035 (Callable 2030)’. Beginning on July 30, 2030, a fixed interest rate equal to the U.S. Treasury rate comparable to a 5-year maturity plus 248.6 basis points will be paid. Starting on April 30, 2030, the Bank may redeem all or part of the subordinated notes at a redemption price of 100.0 percent of the aggregate principal amount of the subordinated notes to be redeemed. Following that date, the Bank may redeem all or part of the subordinated notes at a redemption price equal to the greater of (1) 100.0 percent of the principal amount of the subordinated notes, and (2) the sum of the remaining cash flows discounted at a rate equal to the U.S. Treasury interest rate plus 40 basis points. The principal will be paid on the maturity date of the subordinated notes or when the Bank executes their redemption.
(viii)On September 10, 2024, the Bank issued Subordinated Notes under the Medium-Term Note Program for US$600.0 million at a semiannual coupon rate of 5.80 percent, maturing in March 2035, denominated ‘5.80 percent Subordinated Fixed-to-Fixed Rate Notes due 2035 (Callable 2030)’. Beginning on March 10, 2030, a fixed interest rate equal to the U.S. Treasury rate comparable to a 5-year maturity plus 224.0 basis points will be paid. Starting on March 30, 2030, the Bank may redeem all or part of the subordinated notes at a redemption price of 100.0 percent of the aggregate principal amount of the subordinated notes to be redeemed. Following that date, the Bank may redeem all or part of the
subordinated notes at a redemption price equal to the greater of (1) 100.0 percent of the principal amount of the subordinated notes, and (2) the sum of the remaining cash flows discounted at a rate equal to the U.S. Treasury interest rate plus 35 basis points. The principal will be paid on the maturity date of the subordinated notes or when the Bank executes their redemption.
(ix) On March 30, 2021, the Bank issued Subordinated Notes under the Medium-Term Note Program for US$500.0 million at a semiannual coupon rate of 3.25 percent, maturing in September 2031, denominated ‘3.25 percent Subordinated Fixed-to-Fixed Rate Notes due 2031 (Callable 2026)’. Beginning on September 30, 2026, a fixed interest rate equal to the U.S. Treasury rate comparable to a 5-year maturity plus 245 basis points will be paid. On September 30, 2026, the Bank may redeem all or part of the subordinated notes at a redemption price equal to 100.0 percent of the aggregate principal amount of the subordinated notes to be redeemed. Following that date, the Bank may redeem all or part of the subordinated notes at a redemption price equal to the greater of (1) 100.0 percent of the principal amount of the subordinated notes, and (2) the sum of the remaining cash flows discounted at a rate equal to the U.S. Treasury interest rate plus 40 basis points. The principal will be paid on the maturity date of the subordinated notes or when the Bank executes their redemption.
(x) On October 15, 2025, the Bank issued Subordinated Notes under the Medium-Term Note Program for US$500 million at a semiannual coupon rate of 5.65 percent, maturing on January 15, 2037, denominated ‘5.65 percent Subordinated Fixed-to-Fixed Rate Notes Due 2037 (Callable 2032)’. Beginning on January 15, 2032, a fixed interest rate equal to the U.S. Treasury rate comparable to a 6-year maturity plus 196.1 basis points will be paid. From October 15, 2031 to January 15, 2032, the Bank may redeem all or part of the subordinated notes at a redemption price of 100.0 percent of the aggregate principal amount of the subordinated notes to be redeemed. Thereafter, the Bank may redeem all or part of the subordinated notes at a redemption price equal to the greater of (1) 100.0 percent of the principal amount of the subordinated notes, and (2) the sum of the remaining cash flows discounted at a rate equal to the U.S. Treasury interest rate plus 30 basis points. The principal will be paid on the maturity date of the subordinated notes or when the Bank executes their redemption.
(xi) Effective July 1, 2020, the Bank issued Subordinated Notes under the Medium-Term Note Program for US$850.0 million at a semiannual coupon rate of 3.13 percent, maturing in July 2030, denominated 3.13 percent Subordinated Fixed-to-Fixed Rate Notes due 2030 (Callable 2025)’. For this issuance, the Bank chose to exercise the early redemption option in accordance with the terms of these notes.
(xii)On December 19, 2025, Pacífico S.A. Entidad Prestadora de Salud issued Senior Notes for approximately US$45.0 million. These securities bear a fixed annual interest rate of 6.03 percent, with a maturity date of December 19, 2035.
(xiii)On August 20, 2025, Mibanco S.A. carried out the issuance under the Fifth Subordinated Bond Program, Series B, for S/127.6 million, at a semiannual coupon rate of 7.00 percent per year, with a maturity date of August 20, 2035. Payment will be made at maturity or in the event of early redemption by Mibanco S.A.
(xiv)On March 28, 2025, Mibanco S.A. carried out the issuance under the Fifth Subordinated Bond Program, Series A, for S/100.0 million, at a fixed annual interest rate of 7.56 percent, with a maturity date of March 28, 2035. The principal will be paid at maturity or in the event of early redemption by Mibanco S.A.
b)    The table below shows the bonds and notes issued, classified by maturity, without accrued interests:
20252024
S/(000)S/(000)
Up to 3 months109,837 2,709,847 
From 3 months to 1 year1,372,282 2,718,199 
From 1 to 3 years486,248 582,747 
From 3 to 5 years2,854,442 3,062,227 
More than 5 years8,912,800 7,950,566 
Total13,735,609 17,023,586