v3.26.1
CONSOLIDATED STATEMENT OF CASH FLOWS
S/ in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2025
PEN (S/)
Dec. 31, 2024
PEN (S/)
Dec. 31, 2023
PEN (S/)
CASH AND CASH EQUIVALENTS FROM OPERATING ACTIVITIES      
Net result after income tax S/ 7,082,654 S/ 5,623,252 S/ 4,959,878
Adjustment to reconcile net profit to net cash arising from operating activities:      
Provision for credit losses on loan portfolio 2,873,454 3,943,301 3,957,143
Depreciation and amortization 746,243 570,830 511,174
Depreciation of right-of-use assets 146,899 142,640 147,833
Depreciation of investment properties 8,803 9,098 8,115
Provision for sundry risks 149,651 315,214 95,873
Deferred income tax (125,724) (54,943) (76,088)
Net gain on sale of securities (400,686) (362,295) (425,144)
Impairment loss on goodwill 0 27,346 71,959
Net gain of trading derivatives (51,917) (156,195) (53,665)
Net gain from sale of property, furniture and equipment (37,636) (68,037) (1,654)
Net gain from sale of foreclosed assets (30,139) (27,172) 1,867
Expense for share-based payment transactions 149,037 104,848 83,328
Net gain from sale of loan portfolio (1,778) (21,295) (83,515)
Intangible losses due to withdrawals and dismissed projects 79,335 131,142 96,978
Gain on remeasurement of previously held equity interest in Pacifico Entidad Prestadora de Salud (235,490) 0 0
Others 65,027 145,492 3,005
Net (increase) decrease in assets:      
Loans (13,447,331) (4,461,273) (1,105,306)
Investments at fair value through profit or loss (204,871) 412,376 (456,626)
Investments at fair value through other comprehensive income 1,459,872 (2,555,702) (5,164,701)
Cash collateral, reverse repurchase agreements and securities borrowings (1,251,363) 383,427 (330,448)
Sale of written off portfolio 7,320 55,230 239,599
Income taxes paid (refund), classified as operating activities (1,577,175) 0 0
Other assets (2,045,992) (1,111,692) 520,331
Net increase (decrease) in liabilities      
Deposits and obligations 17,248,164 13,286,449 2,271,524
Due to Banks and correspondents 379,613 (1,600,761) 3,455,502
Payables from repurchase agreements and securities lending (704,293) (1,111,676) (2,790,671)
Bonds and notes issued (4,054,938) 348,532 (2,213,122)
Short-term and low-value lease payments (143,855) (118,156) (108,357)
Other liabilities 5,183,948 2,375,248 2,604,047
Net income for the period after the net change in assets and liabilities, and adjustments 11,266,832 16,225,228 6,218,859
Income tax paid (2,660,631) (1,703,135) (2,139,140)
Net cash flow from operating activities 8,606,201 14,522,093 4,079,719
NET CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from sale of property, furniture and equipment 160,264 98,223 53,152
Proceeds from sale of investment property 1,282 47,100 0
Collections for maturities and coupons of investment at amortized cost 859,930 1,740,670 1,245,434
Purchase of property, furniture and equipment (284,710) (310,144) (322,371)
Purchase of investment property (183,563) (70,399) (37,667)
Purchase of intangible assets (983,971) (801,290) (828,803)
Purchase of investment at amortized cost (255,185) (176,601) (1,359,245)
Acquisition of Pacifico EPS shares, net cash acquired (727,180) 0 (5,564)
Termination of the Joint Venture Agreement (180,000) 0 0
Net cash flows from investing activities (1,593,133) 527,559 (1,255,064)
NET CASH FLOWS FROM FINANCING ACTIVITIES      
Dividends paid (3,181,454) (3,664,648) (1,994,037)
Dividends paid to non-controlling interest of subsidiaries (120,855) (106,777) (62,051)
Principal payments of leasing contracts (152,899) (152,693) (157,386)
Interest payments of leasing contracts (37,169) (22,828) (25,574)
Purchase of treasury stock (119,251) (110,894) (85,575)
Purchase of non-controlling interest of subsidiaries (17,925) (36,781) (1,773)
Subordinated bonds, net 1,791,983 2,284,200 62,044
Net cash flows from financing activities (1,837,570) (1,810,421) (2,264,352)
Net increase of cash and cash equivalents before effect of changes in exchange rate 5,175,498 13,239,231 560,303
Effect of changes in exchange rate of cash and cash equivalents (3,771,899) 410,258 (760,651)
Cash and cash equivalents at the beginning of the period 47,570,103 33,920,614 34,120,962
Cash and cash equivalents at the end of the period 48,973,702 47,570,103 33,920,614
Additional information      
Interest received 19,973,931 19,896,077 18,658,791
Interest paid S/ (5,160,077) S/ (5,852,580) S/ (5,080,522)