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INTANGIBLE ASSETS AND GOODWILL, NET (Tables)
 12 Months Ended
Dec. 31, 2021
INTANGIBLE ASSETS AND GOODWILL, NET [Abstract]  
Movement of Intangible Assets With Useful Life
The movement of intangible assets with limited useful life for the years ended December 31, 2021, 2020 and 2019 was as follows:

Description
  
Client
relationships
(i)
    
Brand
name (ii)
    
Fund
manager
contract (iii)
    
Relationships
with holders
    
Software and
developments
    
Intangible
in
progress
    
Other
    
2021
    
2020
    
2019
  
     S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
                                                                                 
Cost -
                                                                                
Balances at January 1
    
384,521
      
171,864
      
103,700
      
21,100
      
3,014,099
      
550,639
      
47,941
      
4,293,864
      
3,804,989
      
3,406,333
  
Additions
    
–
      
–
      
–
      
–
      
104,890
      
427,354
      
–
      
532,244
      
535,241
      
371,957
  
Acquisition of business, Note 2(a)
    
–
      
–
      
–
      
–
      
–
      
–
      
–
      
–
      
–
      
126,128
  
Transfers
    
–
      
–
      
–
      
–
      
283,263
      
(283,263
)
    
–
      
–
      
–
      
–
  
Disposals and others
    
(4,108
)
    
–
      
(8,322
)
    
–
      
(42,257
)
    
(37,818
)
    
(25,298
)
    
(117,803
)
    
(46,366
)
    
(99,429
)
Balance as of December 31
    
380,413
      
171,864
      
95,378
      
21,100
      
3,359,995
      
656,912
      
22,643
      
4,708,305
      
4,293,864
      
3,804,989
  
                                                                                 
Accumulated amortization -
                                                                                
Balance at January 1
    
273,968
      
46,479
      
19,369
      
21,100
      
2,082,795
      
–
      
31,755
      
2,475,466
      
2,138,724
      
1,941,961
  
Amortization of the period
    
18,601
      
7,061
      
4,434
      
–
      
347,359
      
–
      
4,339
      
381,794
      
355,818
      
308,966
  
Acquisition of business, Note 2(a)
    
–
      
–
      
–
      
–
      
–
      
–
      
–
      
–
      
–
      
3,104
  
Disposals and others
    
(1,378
)
    
–
      
(1,858
)
    
–
      
(31,385
)
    
–
      
(27,555
)
    
(62,176
)
    
(19,076
)
    
(115,307
)
Balance as of December 31
    
291,191
      
53,540
      
21,945
      
21,100
      
2,398,769
      
–
      
8,539
      
2,795,084
      
2,475,466
      
2,138,724
  
                                                                                 
Net carrying amount
    
89,222
      
118,324
      
73,433
      
–
      
961,226
      
656,912
      
14,104
      
1,913,221
      
1,818,398
      
1,666,265
  
Client Relationships Intangible Assets
This item consists of the following:

   
2021
    
2020
  
    S/(000)

  S/(000)

                 
Prima AFP -  AFP Unión Vida
    
57,613
      
69,974
  
Credicorp Capital Holding Chile - Inversiones IMT
    
17,679
      
20,782
  
Ultraserfinco
    
10,148
      
12,592
  
Tenpo
    
1,930
      
2,031
  
Culqi
    
1,852
      
2,167
  
MiBanco
    
-
      
3,007
  
Net carrying amount
    
89,222
      
110,553
  
Brand Intangible Assets
This item consists of the following:

   
2021
    
2019
  
    S/(000)

  S/(000)

                 
MiBanco
    
117,670
      
124,610
  
Culqi
    
654
      
775
  
Net carrying amount
    
118,324
      
125,385
  
Fund Manager Contract Intangible Assets
This item consists of the following:

   
2021
    
2020
  
    S/(000)

  S/(000)

                 
Credicorp Capital Colombia
    
36,724
      
42,328
  
Credicorp Capital Holding Chile - Inversiones IMT
    
33,717
      
38,553
  
Ultrasefinco S.A.
    
2,992
      
3,450
  
Net carrying amount
    
73,433
      
84,331
  
Reconciliation of Changes in Goodwill
Goodwill acquired through business combinations has been allocated to each subsidiary or groups of them, which are also identified as a CGU for the purposes of impairment testing, as follows:

   
2021
    
2020
  
    S/(000)

  S/(000)

MiBanco - Edyficar Perú
    
273,694
      
273,694
  
MiBanco Colombia (antes Bancompartir)
    
124,746
      
135,658
  
Prima AFP - AFP Unión Vida
    
124,641
      
124,641
  
Credicorp Capital Colombia
    
114,714
      
124,447
  
Banco de Crédito del Perú
    
52,359
      
52,359
  
Pacífico Seguros
    
36,354
      
36,354
  
Atlantic Security Holding Corporation
    
29,795
      
29,795
  
Tenpo SpA
    
24,444
      
26,602
  
Tenpo Prepago S.A. (before “Multicaja Prepago S.A.”)
    
13,719
      
14,956
  
Compañía Incubadora de Soluciones Móviles S.A-Culqi
    
2,297
      
2,297
  
Crediseguro Seguros Personales
    
96
      
96
  
Net carrying amount
    
796,859
      
820,899
  
Key Assumptions Used for Calculation of Fair Value Less Selling Costs
The following table summarizes the key assumptions used for the calculation of fair value fewer selling costs in 2021 and 2020:

   
2021
  
Description
  
Terminal
value growth
rate
    
Discount rate
  
   
%
    
%
  
MiBanco - Edyficar Perú
    
3.00
      
11.78
  
Prima AFP - AFP Unión Vida
    
1.00
      
12.62
  
Credicorp Capital Colombia
    
3.80
      
12.90
  
Banco de Crédito del Perú
    
5.00
      
10.76
  
Pacífico Seguros (*)
    
5.00
    
10.29 and 11.07
  
Atlantic Security Holding Corporation
    
2.00
      
11.00
  
Mibanco Colombia - Bancompartir
    
4.00
      
13.05
  
Tenpo
    
2.00
      
25.00
  
Compañía Incubadora de Soluciones Móviles S.A. - Culqi
    
2.00
      
25.00
  

   
2020
  
Description
  
Terminal
value growth
rate
    
Discount rate
  
   
%
    
%
  
MiBanco - Edyficar Perú
    
3.00
      
12.19
  
Prima AFP - AFP Unión Vida
    
1.00
      
11.43
  
Credicorp Capital Colombia
    
3.80
      
12.62
  
Banco de Crédito del Perú
    
5.00
      
10.93
  
Pacífico Seguros (*)
    
5.00
    
10.44 and 11.81
  
Atlantic Security Holding Corporation
    
2.00
      
11.29
  
 Mibanco Colombia - Bancompartir     4.00
      13.20
 
 Tenpo     5.00
      25.00
 
 Compañía Incubadora de Soluciones Móviles S.A - Culqi     5.00
      25.00
 

(*) As of December 31, 2021 and 2020, it corresponds to the discount rates used to determine the recoverable value of the cash flows that correspond to the general and life insurance business lines.