Transactions with related parties and affiliated entities

12 Months Ended

Dec. 31, 2025

Disclosure of transactions between related parties [abstract]

Transactions with related parties and affiliated entities

26.

Transactions with related parties and affiliated entities

(a)

The table below presents the main transactions with related parties and affiliated entities as of December 31, 2025 and 2024 and for the years ended December 31, 2025, 2024 and 2023:


	2025		2024
	S/(000)		S/(000)
Assets
Instruments at fair value through profit or loss		353		819
Investments at fair value through other comprehensive income		74,104		72,906
Loans, net (b)		2,272,336		1,805,083
Accounts receivable		105,897		87,889
Other assets		9,606		11,454

Liabilities
Deposits and obligations		1,430,409		1,084,713
Other liabilities		120,612		224,391

Off-balance sheet accounts
Indirect loans (b)		65,778		59,399


	2025			2024			2023
	S/(000)			S/(000)			S/(000)
Income (expenses)
Interest and similar income		138,448			117,713			95,604
Rental income		37,685			28,833			25,532
Valuation of financial derivative instruments		—			—			106
Interest and similar expenses		(25,449	)		(32,031	)		(39,749	)
Administrative expenses		(42,530	)		(45,320	)		(39,897	)
Loss on sale of investment properties, Note 7(b)		—			(3,176	)		—
Others, net		65,219			61,889			63,626

(b)

As of December 31, 2025 and 2024, the detail of loans is the following:


	2025						2024
	Direct Loans		Indirect Loans		Total		Direct Loans		Indirect Loans		Total
	S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)
Affiliated		1,581,492		15,908		1,597,400		1,502,218		15,731		1,517,949
Associates		690,844		49,870		740,714		302,865		43,668		346,533
		2,272,336		65,778		2,338,114		1,805,083		59,399		1,864,482

(c)

As of December 31, 2025 and 2024, the directors, executives and employees of the Group have been involved in credit transactions with certain subsidiaries of the Group, between the permitted limits by Peruvian law for financial entities. As of December 31, 2025 and 2024, direct loans to employees, directors and executives amounted approximately to S/256,398,000 and S/235,235,000, respectively; said loans are repaid monthly and bear interest at market rates.

There are no loans to the Group’s directors and key personnel guaranteed with shares of any Subsidiary.

(d)

The Group’s key personnel basic remuneration for the years ended December 31, 2025, 2024 and 2023, is presented below:


	2025		2024		2023
	S/(000)		S/(000)		S/(000)
Salaries		34,736		32,865		28,325
Board of Directors’ compensations		3,276		3,456		3,151
Total		38,012		36,321		31,476

(e)

As of December 2025 and 2024, the Group holds participation in different mutual funds that are managed by its subsidiary Interfondos, which are classified as investments at fair value through profit or loss for S/184,000 and S/2,364,000, respectively.

(f)

In Management’s opinion, transactions with related companies have been performed under market conditions and within the limits permitted by the SBS.