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BAP (Credicorp) Credit Losses Provision : $1,097 Mil (As of Sep. 2024)


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What is Credicorp Credit Losses Provision?

Credicorp's credit losses provision for the three months ended in Sep. 2024 was $231 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Sep. 2024 was $1,097 Mil.

Credicorp's quarterly credit losses provision increased from Mar. 2024 ($217 Mil) to Jun. 2024 ($291 Mil) but then declined from Jun. 2024 ($291 Mil) to Sep. 2024 ($231 Mil).

Credicorp's annual credit losses provision increased from Dec. 2021 ($364 Mil) to Dec. 2022 ($518 Mil) and increased from Dec. 2022 ($518 Mil) to Dec. 2023 ($1,010 Mil).

Credicorp Credit Losses Provision Historical Data

The historical data trend for Credicorp's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Credicorp Credit Losses Provision Chart

Credicorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Credit Losses Provision
Get a 7-Day Free Trial Premium Member Only Premium Member Only 504.82 1,640.72 363.60 518.12 1,009.62

Credicorp Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Credit Losses Provision Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 244.15 358.06 216.76 290.91 230.97

Credicorp Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,097 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Credicorp Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Credicorp Ltd (NYSE:BAP) » Definitions » Credit Losses Provision
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Traded in Other Exchanges
BAP:Peru BAPN:Mexico 0U8N:UK D8V:Germany
Address
Calle Centenario 156, La Molina, Lima, PER, 12
Website
https://www.grupocredicorp.com
Credicorp Ltd is a Peruvian financial services company. It operates in four business lines including Universal Banking, Insurance and Pensions, Microfinance, and Investment Management & Advisory. Its subsidiaries include Banco de Credito del Peru, Prima AFP, and Credicorp Capital.