v3.26.1
Loans, net - Reconciliation of changes in allowance account for credit losses of loans receivable (Detail) - PEN (S/)
S/ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Disclosure of financial assets [line items]    
Beginning of year balances, Loans S/ 49,229,448  
End of year balances, Loans 50,770,150 S/ 49,229,448
Beginning of year balances 95,090 61,046
New originated or purchased assets 2,140 1,095
Transfers to Stage 1 0 0
Transfers to Stage 2 0 0
Transfers to Stage 3 0 0
Impact on the expected credit loss for credits that change stage in the year 604 41,383
Write-offs (71,540) (13,043)
Foreign exchange effect (169) (434)
End of year balances 287,142 95,090
Stage 1 [member]    
Disclosure of financial assets [line items]    
Beginning of year balances 9,383 9,877
New originated or purchased assets 2,140 1,095
Transfers to Stage 1 3,371 0
Transfers to Stage 2 (7) (1,053)
Transfers to Stage 3 0 0
Impact on the expected credit loss for credits that change stage in the year (1,209) 457
Write-offs (26) 0
Foreign exchange effect (80) (142)
End of year balances 8,660 9,383
Stage 2 [member]    
Disclosure of financial assets [line items]    
Beginning of year balances 85,707 37,987
New originated or purchased assets 0 0
Transfers to Stage 1 (3,371) 0
Transfers to Stage 2 7 1,053
Transfers to Stage 3 (65,103) 0
Impact on the expected credit loss for credits that change stage in the year 1,813 40,926
Write-offs (1,486) 0
Foreign exchange effect (88) (409)
End of year balances 16,308 85,707
Stage 3 [member]    
Disclosure of financial assets [line items]    
Beginning of year balances 0 13,182
New originated or purchased assets 0 0
Transfers to Stage 1 0 0
Transfers to Stage 2 0 0
Transfers to Stage 3 65,103 0
Impact on the expected credit loss for credits that change stage in the year 0 0
Write-offs (70,028) (13,043)
Foreign exchange effect (1) 117
End of year balances 262,174 0
Direct loans [member]    
Disclosure of financial assets [line items]    
Beginning of year balances, Loans 50,415,364 48,249,158
New originated or purchased assets 26,171,677 24,385,615
Assets derecognized or matured (excluding write-offs) (19,085,508) (16,145,235)
Transfers to Stage 1 0 0
Transfers to Stage 2 0 0
Transfers to Stage 3 0 0
Write offs (1,355,464) (2,405,564)
Others [1] (4,016,178) (3,765,864)
Foreign exchange effect (299,959) 97,254
End of year balances, Loans 51,829,932 50,415,364
Beginning of year balances 1,730,167 2,349,425
New originated or purchased assets 310,309 345,800
Assets derecognized or matured (excluding write-offs) (251,523) (205,649)
Transfers to Stage 1 0 0
Transfers to Stage 2 0 0
Transfers to Stage 3 0 0
Impact on the expected credit loss for credits that change stage in the year [2] 806,993 1,571,218
Others [3] 272,801 12,523
Total 1,138,580 1,723,892
Write-offs (1,424,484) (2,524,919)
Recovery of written-off loans 158,309 179,683
Foreign exchange effect (11,530) 2,086
End of year balances 1,591,042 1,730,167
Direct loans [member] | Stage 1 [member]    
Disclosure of financial assets [line items]    
Beginning of year balances, Loans 44,558,064 41,248,010
New originated or purchased assets 26,171,677 24,385,615
Assets derecognized or matured (excluding write-offs) (17,288,146) (14,540,979)
Transfers to Stage 1 942,375 1,191,935
Transfers to Stage 2 (3,121,023) (3,580,445)
Transfers to Stage 3 (510,401) (1,051,604)
Write offs 0 0
Others [1] (3,876,089) (3,181,151)
Foreign exchange effect (280,258) 86,683
End of year balances, Loans 46,596,199 44,558,064
Beginning of year balances 439,324 545,242
New originated or purchased assets 310,309 345,800
Assets derecognized or matured (excluding write-offs) (116,779) (117,510)
Transfers to Stage 1 97,781 115,241
Transfers to Stage 2 (129,357) (142,315)
Transfers to Stage 3 (43,195) (88,212)
Impact on the expected credit loss for credits that change stage in the year [2] (84,502) (98,820)
Others [3] (28,053) (120,334)
Total 6,204 (106,150)
Write-offs 0 0
Recovery of written-off loans 0 0
Foreign exchange effect (594) 232
End of year balances 444,934 439,324
Direct loans [member] | Stage 2 [member]    
Disclosure of financial assets [line items]    
Beginning of year balances, Loans 4,609,607 5,490,460
New originated or purchased assets 0 0
Assets derecognized or matured (excluding write-offs) (1,691,470) (1,529,947)
Transfers to Stage 1 (941,739) (1,190,305)
Transfers to Stage 2 3,157,251 3,607,482
Transfers to Stage 3 (574,385) (1,294,253)
Write offs 0 0
Others [1] (467,120) (481,308)
Foreign exchange effect (13,768) 7,478
End of year balances, Loans 4,078,376 4,609,607
Beginning of year balances 566,636 833,912
New originated or purchased assets 0 0
Assets derecognized or matured (excluding write-offs) (99,816) (63,854)
Transfers to Stage 1 (97,304) (114,022)
Transfers to Stage 2 136,890 149,763
Transfers to Stage 3 (133,413) (380,565)
Impact on the expected credit loss for credits that change stage in the year [2] 114,762 193,935
Others [3] (18,045) (52,823)
Total (96,926) (267,566)
Write-offs 0 0
Recovery of written-off loans 0 0
Foreign exchange effect (1,042) 290
End of year balances 468,668 566,636
Direct loans [member] | Stage 3 [member]    
Disclosure of financial assets [line items]    
Beginning of year balances, Loans 1,247,693 1,510,688
New originated or purchased assets 0 0
Assets derecognized or matured (excluding write-offs) (105,892) (74,309)
Transfers to Stage 1 (636) (1,630)
Transfers to Stage 2 (36,228) (27,037)
Transfers to Stage 3 1,084,786 2,345,857
Write offs (1,355,464) (2,405,564)
Others [1] 327,031 (103,405)
Foreign exchange effect (5,933) 3,093
End of year balances, Loans 1,155,357 1,247,693
Beginning of year balances 724,207 970,271
New originated or purchased assets 0 0
Assets derecognized or matured (excluding write-offs) (34,928) (24,285)
Transfers to Stage 1 (477) (1,219)
Transfers to Stage 2 (7,533) (7,448)
Transfers to Stage 3 176,608 468,777
Impact on the expected credit loss for credits that change stage in the year [2] 776,733 1,476,103
Others [3] 318,899 185,680
Total 1,229,302 2,097,608
Write-offs (1,424,484) (2,524,919)
Recovery of written-off loans 158,309 179,683
Foreign exchange effect (9,894) 1,564
End of year balances 677,440 724,207
Commercial loans [member]    
Disclosure of financial assets [line items]    
Beginning of year balances, Loans 22,770,495  
End of year balances, Loans 22,897,732 22,770,495
Beginning of year balances 175,811 278,466
New originated or purchased assets 15,998 35,739
Assets derecognized or matured (excluding write-offs) (32,968) (50,613)
Transfers to Stage 1 0 0
Transfers to Stage 2 0 0
Transfers to Stage 3 0 0
Impact on the expected credit loss for credits that change stage in the year [4] (24,384) 5,748
Others [5] 79,768 (21,110)
Total 38,414 (30,236)
Write-offs (48,668) (78,217)
Recovery of written-off loans 5,970 4,254
Foreign exchange effect (8,738) 1,544
End of year balances 162,789 175,811
Commercial loans [member] | Stage 1 [member]    
Disclosure of financial assets [line items]    
Beginning of year balances, Loans 20,431,597  
End of year balances, Loans 20,785,790 20,431,597
Beginning of year balances 16,640 51,611
New originated or purchased assets 15,998 35,739
Assets derecognized or matured (excluding write-offs) (12,436) (27,765)
Transfers to Stage 1 3,401 5,405
Transfers to Stage 2 (9,071) (20,669)
Transfers to Stage 3 (668) (2,208)
Impact on the expected credit loss for credits that change stage in the year [4] (3,310) (4,722)
Others [5] (4,151) (20,973)
Total (10,237) (35,193)
Write-offs 0 0
Recovery of written-off loans 0 0
Foreign exchange effect (537) 222
End of year balances 5,866 16,640
Commercial loans [member] | Stage 2 [member]    
Disclosure of financial assets [line items]    
Beginning of year balances, Loans 2,016,434  
End of year balances, Loans 1,830,684 2,016,434
Beginning of year balances 36,158 64,470
New originated or purchased assets 0 0
Assets derecognized or matured (excluding write-offs) (15,076) (18,765)
Transfers to Stage 1 (3,401) (5,405)
Transfers to Stage 2 9,235 21,431
Transfers to Stage 3 (1,585) (14,571)
Impact on the expected credit loss for credits that change stage in the year [4] (970) (1,638)
Others [5] (4,805) (9,539)
Total (16,602) (28,487)
Write-offs 0 0
Recovery of written-off loans 0 0
Foreign exchange effect (508) 175
End of year balances 19,048 36,158
Commercial loans [member] | Stage 3 [member]    
Disclosure of financial assets [line items]    
Beginning of year balances, Loans 322,464  
End of year balances, Loans 281,258 322,464
Beginning of year balances 123,013 162,385
New originated or purchased assets 0 0
Assets derecognized or matured (excluding write-offs) (5,456) (4,083)
Transfers to Stage 1 0 0
Transfers to Stage 2 (164) (762)
Transfers to Stage 3 2,253 16,779
Impact on the expected credit loss for credits that change stage in the year [4] (20,104) 12,108
Others [5] 88,724 9,402
Total 65,253 33,444
Write-offs (48,668) (78,217)
Recovery of written-off loans 5,970 4,254
Foreign exchange effect (7,693) 1,147
End of year balances 137,875 123,013
Consumer    
Disclosure of financial assets [line items]    
Beginning of year balances, Loans 15,036,411  
End of year balances, Loans 15,248,665 15,036,411
Beginning of year balances 1,372,856 1,862,384
New originated or purchased assets 259,855 219,439
Assets derecognized or matured (excluding write-offs) (166,752) (121,477)
Transfers to Stage 1 0 0
Transfers to Stage 2 0 0
Transfers to Stage 3 0 0
Impact on the expected credit loss for credits that change stage in the year [6] 796,408 1,461,306
Others [7] 161,373 95,934
Total 1,050,884 1,655,202
Write-offs (1,293,275) (2,310,032)
Recovery of written-off loans 140,034 165,081
Foreign exchange effect (915) 221
End of year balances 1,269,584 1,372,856
Consumer | Stage 1 [member]    
Disclosure of financial assets [line items]    
Beginning of year balances, Loans 12,899,027  
End of year balances, Loans 13,390,939 12,899,027
Beginning of year balances 403,740 466,606
New originated or purchased assets 259,855 219,439
Assets derecognized or matured (excluding write-offs) (86,482) (75,335)
Transfers to Stage 1 76,844 96,900
Transfers to Stage 2 (111,242) (101,634)
Transfers to Stage 3 (39,809) (73,066)
Impact on the expected credit loss for credits that change stage in the year [6] (64,694) (81,900)
Others [7] (36,907) (47,271)
Total (2,435) (62,867)
Write-offs 0 0
Recovery of written-off loans 0 0
Foreign exchange effect (3) 1
End of year balances 401,302 403,740
Consumer | Stage 2 [member]    
Disclosure of financial assets [line items]    
Beginning of year balances, Loans 1,622,693  
End of year balances, Loans 1,385,665 1,622,693
Beginning of year balances 474,416 713,361
New originated or purchased assets 0 0
Assets derecognized or matured (excluding write-offs) (68,352) (38,022)
Transfers to Stage 1 (76,388) (95,895)
Transfers to Stage 2 113,341 104,024
Transfers to Stage 3 (121,804) (338,289)
Impact on the expected credit loss for credits that change stage in the year [6] 104,535 174,052
Others [7] (10,020) (44,916)
Total (58,688) (239,046)
Write-offs 0 0
Recovery of written-off loans 0 0
Foreign exchange effect (378) 101
End of year balances 415,350 474,416
Consumer | Stage 3 [member]    
Disclosure of financial assets [line items]    
Beginning of year balances, Loans 514,691  
End of year balances, Loans 472,061 514,691
Beginning of year balances 494,700 682,417
New originated or purchased assets 0 0
Assets derecognized or matured (excluding write-offs) (11,918) (8,120)
Transfers to Stage 1 (456) (1,005)
Transfers to Stage 2 (2,099) (2,390)
Transfers to Stage 3 161,613 411,355
Impact on the expected credit loss for credits that change stage in the year [6] 756,567 1,369,154
Others [7] 208,300 188,121
Total 1,112,007 1,957,115
Write-offs (1,293,275) (2,310,032)
Recovery of written-off loans 140,034 165,081
Foreign exchange effect (534) 119
End of year balances 452,932 494,700
Mortgage loans [member]    
Disclosure of financial assets [line items]    
Beginning of year balances, Loans 10,571,300  
End of year balances, Loans 11,400,784 10,571,300
Beginning of year balances 93,800 87,198
New originated or purchased assets 3,971 4,114
Assets derecognized or matured (excluding write-offs) (12,592) (11,385)
Transfers to Stage 1 0 0
Transfers to Stage 2 0 0
Transfers to Stage 3 0 0
Impact on the expected credit loss for credits that change stage in the year [8] (619) 22,256
Others [9] (3,335) (6,945)
Total (12,575) 8,040
Write-offs (3,696) (1,755)
Recovery of written-off loans 0 0
Foreign exchange effect (1,693) 317
End of year balances 75,836 93,800
Mortgage loans [member] | Stage 1 [member]    
Disclosure of financial assets [line items]    
Beginning of year balances, Loans 9,577,118  
End of year balances, Loans 10,411,232 9,577,118
Beginning of year balances 5,523 6,794
New originated or purchased assets 3,971 4,114
Assets derecognized or matured (excluding write-offs) (392) (429)
Transfers to Stage 1 14,968 9,983
Transfers to Stage 2 (1,733) (2,348)
Transfers to Stage 3 (1,638) (2,025)
Impact on the expected credit loss for credits that change stage in the year [8] (14,506) (9,606)
Others [9] 1,299 (969)
Total 1,969 (1,280)
Write-offs 0 0
Recovery of written-off loans 0 0
Foreign exchange effect (45) 9
End of year balances 7,447 5,523
Mortgage loans [member] | Stage 2 [member]    
Disclosure of financial assets [line items]    
Beginning of year balances, Loans 669,087  
End of year balances, Loans 642,517 669,087
Beginning of year balances 43,956 25,753
New originated or purchased assets 0 0
Assets derecognized or matured (excluding write-offs) (2,683) (1,689)
Transfers to Stage 1 (14,968) (9,983)
Transfers to Stage 2 6,976 6,551
Transfers to Stage 3 (2,492) (3,142)
Impact on the expected credit loss for credits that change stage in the year [8] 4,126 16,451
Others [9] (12,441) 10,001
Total (21,482) 18,189
Write-offs 0 0
Recovery of written-off loans 0 0
Foreign exchange effect (91) 14
End of year balances 22,383 43,956
Mortgage loans [member] | Stage 3 [member]    
Disclosure of financial assets [line items]    
Beginning of year balances, Loans 325,095  
End of year balances, Loans 347,035 325,095
Beginning of year balances 44,321 54,651
New originated or purchased assets 0 0
Assets derecognized or matured (excluding write-offs) (9,517) (9,267)
Transfers to Stage 1 0 0
Transfers to Stage 2 (5,243) (4,203)
Transfers to Stage 3 4,130 5,167
Impact on the expected credit loss for credits that change stage in the year [8] 9,761 15,411
Others [9] 7,807 (15,977)
Total 6,938 (8,869)
Write-offs (3,696) (1,755)
Recovery of written-off loans 0 0
Foreign exchange effect (1,557) 294
End of year balances 46,006 44,321
Small and micro-business loans [member]    
Disclosure of financial assets [line items]    
Beginning of year balances, Loans 2,037,158  
End of year balances, Loans 2,282,751 2,037,158
Beginning of year balances 87,700 121,377
New originated or purchased assets 30,485 86,508
Assets derecognized or matured (excluding write-offs) (39,211) (22,174)
Transfers to Stage 1 0 0
Transfers to Stage 2 0 0
Transfers to Stage 3 0 0
Impact on the expected credit loss for credits that change stage in the year [10] 35,588 81,908
Others [11] 34,995 (55,356)
Total 61,857 90,886
Write-offs (78,845) (134,915)
Recovery of written-off loans 12,305 10,348
Foreign exchange effect (184) 4
End of year balances 82,833 87,700
Small and micro-business loans [member] | Stage 1 [member]    
Disclosure of financial assets [line items]    
Beginning of year balances, Loans 1,650,322  
End of year balances, Loans 2,008,238 1,650,322
Beginning of year balances 13,421 20,231
New originated or purchased assets 30,485 86,508
Assets derecognized or matured (excluding write-offs) (17,469) (13,981)
Transfers to Stage 1 2,568 2,953
Transfers to Stage 2 (7,311) (17,664)
Transfers to Stage 3 (1,080) (10,913)
Impact on the expected credit loss for credits that change stage in the year [10] (1,992) (2,592)
Others [11] 11,706 (51,121)
Total 16,907 (6,810)
Write-offs 0 0
Recovery of written-off loans 0 0
Foreign exchange effect (9) 0
End of year balances 30,319 13,421
Small and micro-business loans [member] | Stage 2 [member]    
Disclosure of financial assets [line items]    
Beginning of year balances, Loans 301,393  
End of year balances, Loans 219,510 301,393
Beginning of year balances 12,106 30,328
New originated or purchased assets 0 0
Assets derecognized or matured (excluding write-offs) (13,705) (5,378)
Transfers to Stage 1 (2,547) (2,739)
Transfers to Stage 2 7,338 17,757
Transfers to Stage 3 (7,532) (24,563)
Impact on the expected credit loss for credits that change stage in the year [10] 7,071 5,070
Others [11] 9,221 (8,369)
Total (154) (18,222)
Write-offs 0 0
Recovery of written-off loans 0 0
Foreign exchange effect (65) 0
End of year balances 11,887 12,106
Small and micro-business loans [member] | Stage 3 [member]    
Disclosure of financial assets [line items]    
Beginning of year balances, Loans 85,443  
End of year balances, Loans 55,003 85,443
Beginning of year balances 62,173 70,818
New originated or purchased assets 0 0
Assets derecognized or matured (excluding write-offs) (8,037) (2,815)
Transfers to Stage 1 (21) (214)
Transfers to Stage 2 (27) (93)
Transfers to Stage 3 8,612 35,476
Impact on the expected credit loss for credits that change stage in the year [10] 30,509 79,430
Others [11] 14,068 4,134
Total 45,104 115,918
Write-offs (78,845) (134,915)
Recovery of written-off loans 12,305 10,348
Foreign exchange effect (110) 4
End of year balances 40,627 62,173
Line Of Credit Facilities [Member]    
Disclosure of financial assets [line items]    
Beginning of year balances, Loans 5,068,694 4,743,480
New originated or purchased assets 2,508,979 2,669,212
Assets derecognized or matured (excluding write-offs) (1,845,339) (2,377,622)
Transfers to Stage 1 0 0
Transfers to Stage 2 0 0
Transfers to Stage 3 0 0
Others [12] (119,016) 15,629
Foreign exchange effect (45,596) 17,995
End of year balances, Loans 5,567,722 5,068,694
Beginning of year balances 14,248 17,932
New originated or purchased assets 1,663 2,110
Assets derecognized or matured (excluding write-offs) (3,240) (5,089)
Transfers to Stage 1 0 0
Transfers to Stage 2 0 0
Transfers to Stage 3 0 0
Impact on the expected credit loss for credits that change stage in the year 640 92
Others [13] (936) (826)
Total (1,873) (3,713)
Foreign exchange effect (20) 29
End of year balances 12,355 14,248
Line Of Credit Facilities [Member] | Stage 1 [member]    
Disclosure of financial assets [line items]    
Beginning of year balances, Loans 4,762,187 4,024,255
New originated or purchased assets 2,508,979 2,669,212
Assets derecognized or matured (excluding write-offs) (1,751,701) (2,044,010)
Transfers to Stage 1 22,223 172,930
Transfers to Stage 2 (405,008) (100,437)
Transfers to Stage 3 (4,050) (277)
Others [12] (76,293) 23,959
Foreign exchange effect (43,751) 16,555
End of year balances, Loans 5,012,586 4,762,187
Beginning of year balances 2,663 6,624
New originated or purchased assets 1,663 2,110
Assets derecognized or matured (excluding write-offs) (1,218) (3,275)
Transfers to Stage 1 144 1,265
Transfers to Stage 2 (626) (697)
Transfers to Stage 3 (154) (229)
Impact on the expected credit loss for credits that change stage in the year (84) (1,001)
Others [13] (376) (2,155)
Total (651) (3,982)
Foreign exchange effect (14) 21
End of year balances 1,998 2,663
Line Of Credit Facilities [Member] | Stage 2 [member]    
Disclosure of financial assets [line items]    
Beginning of year balances, Loans 282,559 703,425
New originated or purchased assets 0 0
Assets derecognized or matured (excluding write-offs) (82,291) (332,730)
Transfers to Stage 1 (22,223) (172,930)
Transfers to Stage 2 405,391 102,899
Transfers to Stage 3 (1,000) (10,778)
Others [12] (42,381) (8,766)
Foreign exchange effect (1,842) 1,439
End of year balances, Loans 538,213 282,559
Beginning of year balances 2,250 3,939
New originated or purchased assets 0 0
Assets derecognized or matured (excluding write-offs) (760) (1,484)
Transfers to Stage 1 (144) (1,265)
Transfers to Stage 2 668 961
Transfers to Stage 3 (7) (91)
Impact on the expected credit loss for credits that change stage in the year 355 (109)
Others [13] (90) 294
Total 22 (1,694)
Foreign exchange effect (4) 5
End of year balances 2,268 2,250
Line Of Credit Facilities [Member] | Stage 3 [member]    
Disclosure of financial assets [line items]    
Beginning of year balances, Loans 23,948 15,800
New originated or purchased assets 0 0
Assets derecognized or matured (excluding write-offs) (11,347) (882)
Transfers to Stage 1 0 0
Transfers to Stage 2 (383) (2,462)
Transfers to Stage 3 5,050 11,055
Others [12] (342) 436
Foreign exchange effect (3) 1
End of year balances, Loans 16,923 23,948
Beginning of year balances 9,335 7,369
New originated or purchased assets 0 0
Assets derecognized or matured (excluding write-offs) (1,262) (330)
Transfers to Stage 1 0 0
Transfers to Stage 2 (42) (264)
Transfers to Stage 3 161 320
Impact on the expected credit loss for credits that change stage in the year 369 1,202
Others [13] (470) 1,035
Total (1,244) 1,963
Foreign exchange effect (2) 3
End of year balances S/ 8,089 S/ 9,335
[1] Corresponds mainly to: (i) the variation between the amortized cost of the loan at the beginning of the year and its amortized cost at the end of the year (partial amortizations that did not represent a reduction or derecognized of the loan), and (ii) the execution of contingent loans (conversion of indirect debt into direct debt).
[2] The Group applied its expert judgement with the purpose of reflecting the effects of the potential impairment that could be caused by the withdrawals of Indemnity Severance Deposits (CTS) and funds managed by the Administrators of Private Pension Funds (AFP), which generate an “artificial” improvement of the credit score during 2025 and 2024, that were not considered in the forward-looking model and led to incur in a higher provision for expected loss, see Note 29.1(d.6).
[3] Corresponds to the expected credit losses for the period that mainly arise to: (i) the variation between the amortized cost of the loan at the beginning of the year and its amortized cost at the end of the year (variation in the provision recorded for partial amortizations that did not represent a reduction or derecognized of the loan), (ii) variations in credit risk that did not generate transfers to other stages; and (iii) the execution of contingent loans (conversion of indirect debt into direct debt).
[4] The Group applied its expert judgement with the purpose of reflecting the effects of the potential impairment that could be caused by the withdrawals of Indemnity Severance Deposits (CTS) and funds managed by the Administrators of Private Pension Funds (AFP), which generate an “artificial” improvement of the credit score during 2025 and 2024, that were not considered in the forward-looking model and led to incur in a higher provision for expected loss, see Note 29.1(d.6).
[5] Corresponds mainly to: (i) the variation between the amortized cost of the loan at the beginning of the year and its amortized cost at the end of the year (variation in the provision recorded for partial amortizations that did not represent a reduction or derecognized of the loan), (ii) variations in credit risk that did not generate transfers to other stages; and (iii) the execution of contingent loans (conversion of indirect debt into direct debt).
[6] The Group applied its expert judgement with the purpose of reflecting the effects of the potential impairment that could be caused by the withdrawals of Indemnity Severance Deposits (CTS) and funds managed by the Administrators of Private Pension Funds (AFP), which generate an “artificial” improvement of the credit score during 2025 and 2024, that were not considered in the forward-looking model and led to incur in a higher provision for expected loss, see Note 29.1(d.6).
[7] Corresponds mainly to: (i) the variation between the amortized cost of the loan at the beginning of the year and its amortized cost at the end of the year (variation in the provision recorded for partial amortizations that did not represent a reduction or derecognized of the loan), (ii) variations in credit risk that did not generate transfers to other stages; and (iii) the execution of contingent loans (conversion of indirect debt into direct debt).
[8] The Group applied its expert judgement with the purpose of reflecting the effects of the potential impairment that could be caused by the withdrawals of Indemnity Severance Deposits (CTS) and funds managed by the Administrators of Private Pension Funds (AFP), which generate an “artificial” improvement of the credit score during 2025 and 2024, that were not considered in the forward-looking model and led to incur in a higher provision for expected loss, see Note 29.1(d.6).
[9] Corresponds mainly to: (i) the variation between the amortized cost of the loan at the beginning of the year and its amortized cost at the end of the year (variation in the provision recorded for partial amortizations that did not represent a reduction or derecognized of the loan), (ii) variations in credit risk that did not generate transfers to other stages; and (iii) the execution of contingent loans (conversion of indirect debt into direct debt).
[10] The Group applied its expert judgement with the purpose of reflecting the effects of the potential impairment that could be caused by the withdrawals of Indemnity Severance Deposits (CTS) and funds managed by the Administrators of Private Pension Funds (AFP), which generate an “artificial” improvement of the credit score during 2025 and 2024, that were not considered in the forward-looking model and led to incur in a higher provision for expected loss, see Note 29.1(d.6).
[11] Corresponds mainly to: (i) the variation between the amortized cost of the loan at the beginning of the year and its amortized cost at the end of the year (variation in the provision recorded for partial amortizations that did not represent a reduction or derecognized of the loan), (ii) variations in credit risk that did not generate transfers to other stages; and (iii) the execution of contingent loans (conversion of indirect debt into direct debt).
[12] Corresponds mainly to: (i) the variation between the amortized cost of the loan at the beginning of the year and its amortized cost at the end of the year (partial amortizations that did not represent a reduction or derecognized of the loan), and (ii) the execution of contingent loans (conversion of indirect debt into direct debt).
[13] Corresponds mainly to: (i) the variation between the amortized cost of the loan at the beginning of the year and its amortized cost at the end of the year (variation in the provision recorded for partial amortizations that did not represent a reduction or derecognized of the loan), (ii) variations in credit risk that did not generate transfers to other stages; and (iii) the execution of contingent loans (conversion of indirect debt into direct debt).