v3.26.1
TAX SITUATION (Tables)
 12 Months Ended
Dec. 31, 2025
TAX SITUATION [Abstract]  
Schedule of Reconciliation Between the Statutory Income Tax Rate and Effective Tax Rate
The reconciliation of the statutory income tax rate to the effective tax rate for the Group is as follows:
202520242023
In millions
of soles		%In millions
of soles		%In millions
of soles		%
Theoretical tax and income tax rate in Perú(2,914.2)(29.50)(2,307.3)(29.50)(2,040.9)(29.50)
Decrease (Increase) in the statutory tax rate due to:
(i) Decrease (Increase) due to the profit of subsidiaries not domiciled in Perú
(15.7)(0.16)(77.2)(0.99)52.8 0.77 
(ii) Provision tax on dividends(215.9)(2.17)(146.7)(1.88)(235.7)(3.44)
(iii) Non-taxable income, net280.8 2.82 329.9 4.22 335.3 4.59 
Income tax and effective income tax rate(2,865.0)(29.01)(2,201.3)(28.15)(1,888.5)(27.58)
Schedule of Income Tax Expenses
b)Income tax expense for the years ended December 31, 2025, 2024 and 2023 comprises:
202520242023
S/(000)S/(000)S/(000)
Current -
In Peru2,661,742 1,966,524 1,669,370 
In other countries328,881 289,694 295,169 
2,990,623 2,256,218 1,964,539 
Deferred -
In Peru(66,431)(23,182)(28,734)
In other countries(59,293)(31,761)(47,354)
(125,724)(54,943)(76,088)
Total2,864,899 2,201,275 1,888,451 
Schedule of Deferred Income Tax
c)The following table presents a summary of the Group’s deferred income tax:
Consolidated statement of financial positionConsolidated statement of income
2025202420252024
S/(000)S/(000)S/(000)S/(000)
Deferred income tax asset, net
Deferred asset
Allowance for loan losses for loan portfolio951,617 949,040 1,947 (73,960)
Carry forward tax losses245,210 198,248 46,962 130,243 
Provision for profit sharing128,198 94,344 19,892 23,436 
Provision for sundry expenses and risks114,559 60,148 45,514 45 
Unrealized losses due to valuation of investments at fair value through other comprehensive income54,359 21,143 — — 
Provision for pending vacations50,382 37,107 10,573 4,687 
Provision for stock awards17,300 13,872 3,130 52 
Depreciation of improvements for leased premises13,911 15,219 (1,412)(5,217)
Others153,974 58,099 82,835 (112,193)
Deferred liability
Intangibles, net(75,009)(101,945)27,347 74,326 
Adjustment for difference in exchange of Superintendencia Nacional de Aduanas y de Administración Tributaria (SUNAT) and SBS
(69,997)(76,059)6,062 (31,043)
Buildings depreciation(63,004)(50,556)(8,794)13,283 
Deferred acquisitions costs - DAC(18,574)(17,362)(1,212)(1,292)
Unrealized gain due to valuation of investments at fair value through other comprehensive income
(11,575)853 — — 
Others(99,715)(31,285)(45,163)20,860 
Total1,391,636 1,170,866 187,681 43,227 
Consolidated statement of financial positionConsolidated statement of income
2025202420252024
S/(000)S/(000)S/(000)S/(000)
Deferred income tax liability, net
Deferred asset
Provision for sundry expenses and risks16,048 23,034 (17,423)10,639 
Deferred income due to commission3,322 4,645 (1,323)(629)
Provision for profit sharing1,462 14,850 (14,920)(3,047)
Carry forward tax losses— 19,757 (19,757)— 
Unrealized losses due to valuation of investments at fair value through other comprehensive income(2,281)28,165 — — 
Others(6,467)(39,448)46,966 (34,374)
Deferred liability
Revaluation of long‑lived assets in a business combination(262,667)— — — 
Intangibles, net(56,211)(16,953)16,144 19,616 
Unrealized gain due to valuation of investments at fair value through other comprehensive income(17,305)(13,846)— — 
Deferred acquisitions costs - DAC(9,446)(8,277)(1,169)(91)
Gain generated in the reorganization of Pacífico EPS— (39,515)39,515 — 
Others(43,394)(31,437)(109,990)19,602 
Total(376,939)(59,025)(61,957)11,716 
Schedule of Income Tax Returns of Major Subsidiaries Open for Examination by Tax Authorities
e) The Tax Authority in Peru is the National Superintendency of Customs and Tax Administration (Superintendencia Nacional de Aduanas y de Administración Tributaria – SUNAT). The Peruvian Tax Authority is entitled to review and, if necessary, request amendments to the annual tax returns of the subsidiaries established in Peru within four years after the year of their filing. However, this statute of limitations may be suspended in accordance with the criteria set forth in Peruvian tax legislation. The annual tax returns of the subsidiaries that are still open to review by the Peruvian Tax Authority are as follows:
Banco de Crédito del Perú S.A. (*)2021 - 2024
Mibanco, Banco de la Microempresa S.A. (**)2023 - 2024
Pacífico Compañía de Seguros y Reaseguros (***)2021 - 2024
Credicorp Capital Servicios Financieros2022 - 2024
Credicorp Capital Perú (****)2022 - 2024
Grupo Crédito2021 - 2024
Schedule of Income Tax Returns of Major Subsidiaries Auditing the Sworn Declaration by Tax Authorities
It is worth noting that the Tax Authority is currently auditing the Company’s income tax returns, with the following exceptions and updates:
(*) In December 2025, the Tax Authority notified the commencement of the audit of the Corporate Income Tax for fiscal year 2021.
(**) As of December 2, 2025, Mibanco was notified by the Tax Authority of the commencement of a tax audit related to Corporate Income Tax for fiscal year 2023. The audit procedure is currently ongoing.

(***) As of December 31, 2025, the Tax Authority is reviewing the income tax return for the 2021 fiscal year.

(****) The Tax Authority has reviewed the income tax return of Credicorp Capital Perú for the 2021 fiscal year.
Schedule of Annual Income Tax Returns Pending Review by the Overseas Tax Authorities
The tax authorities of Bolivia and Colombia are empowered to review and, if applicable, issue new income tax assessments for Credicorp’s subsidiaries located in these countries. Local regulations also establish the timeframe within which such reviews may be conducted after the filing of the income tax returns. Additionally, in the case of Colombia, a six-year statute of limitations applies to taxpayers required to comply with Transfer Pricing regulations or to those that report tax losses. The annual income tax returns pending review by the foreign tax authorities are as follows:
Banco de Crédito de Bolivia2017 - 2024
Credicorp Capital Colombia (*)
2020 - 2024
Mibanco Colombia2020 - 2024
Credicorp Capital Fiduciaria (*)2020 - 2024