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CONSOLIDATED STATEMENT OF INCOME - PEN (S/)
S/ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CONSOLIDATED STATEMENT OF INCOME      
Interest and similar income S/ 11,547,648 S/ 12,381,664 S/ 11,522,634
Interest and similar expenses (2,976,306) (3,289,913) (3,033,529)
Net interest, similar income and expenses 8,571,342 9,091,751 8,489,105
Provision for credit losses on loan portfolio (6,080,289) (2,100,091) (1,814,898)
Recoveries of written-off loans 159,781 254,155 283,190
Provision for credit losses on loan portfolio, net of recoveries (5,920,508) (1,845,936) (1,531,708)
Net interest, similar income and expenses, after provision for credit losses on loan portfolio 2,650,834 7,245,815 6,957,397
Other income      
Commissions and fees 2,912,778 3,232,781 3,126,857
Net gain on foreign exchange transactions 622,783 748,382 737,954
Net gain on securities 523,082 546,814 242,829
Net gain on derivatives held for trading 40,789 6,043 13,262
Net gain from exchange differences 19,804 19,520 16,022
Others 286,981 344,229 273,882
Total other income 4,406,217 4,897,769 4,410,806
Insurance underwriting result      
Net premiums earned 2,428,060 2,394,243 2,061,481
Net claims incurred for life, general and health insurance contracts (1,708,113) (1,531,418) (1,212,198)
Acquisition cost (361,814) (365,848) (380,310)
Total insurance underwriting result 358,133 496,977 468,973
Other expenses      
Salaries and employee benefits (3,312,954) (3,411,023) (3,219,875)
Administrative expenses (2,386,108) (2,361,117) (2,317,829)
Depreciation and amortization (497,910) (455,033) (429,122)
Impairment loss on goodwill (63,978) 0 (38,189)
Depreciation for right-of-use assets (172,005) (169,406) 0
Others (758,068) (268,469) (239,947)
Total other expenses (7,191,023) (6,665,048) (6,244,962)
Profit before income tax 224,161 5,975,513 5,592,214
Income tax 109,977 (1,623,182) (1,520,909)
Net profit 334,138 4,352,331 4,071,305
Attributable to:      
Credicorp's equity holders 346,894 4,265,304 3,983,865
Non-controlling interest (12,756) 87,027 87,440
Net profit S/ 334,138 S/ 4,352,331 S/ 4,071,305
Net basic and dilutive earnings per share attributable to Credicorp's equity holders (in Soles):      
Basic S/ 4.37 S/ 53.66 S/ 50.13
Diluted S/ 4.36 S/ 53.53 S/ 49.99