COMMISSIONS AND FEES (Tables)

12 Months Ended

Dec. 31, 2021

This item consists of the following:

	2021		2020		2019
	S/(000)		S/(000)		S/(000)

Maintenance of accounts, transfers and credit and debit card services (i)		1,442,966		1,125,432		1,326,344
Funds and equity management		717,227		651,370		676,456
Contingent loans and foreign trade fees (ii)		459,165		372,586		372,647
Commissions for banking services		301,592		263,298		282,593
Brokerage, securities and custody services		121,974		110,615		95,207
Collection services		107,442		90,456		131,502
Commissions for consulting and technical studies		62,384		57,949		84,725
Commissions for salary advance and payment of services		52,557		34,766		49,998
Penalty commissions		21,420		53,859		84,757
Others		207,007		152,447		128,552
Total		3,493,734		2,912,778		3,232,781

The main variations in commissions and fees for the 2021 period with respect to the 2020 period are mainly due to the lower number of banking transactions in 2020 as a result of the lower dynamism of the economy as a consequence of COVID-19, see Note 2 (b).

(i)

The increase is due to a higher volume of credit and debit card consumption. As well as higher commissions in 2021 for the use of the Yapecard product. Finally, higher commissions were obtained for foreign bank transfers, within the country and interbank transfers.

(ii)

The increase is mainly due to higher commissions for letters of guarantee for legal entities, among other minor items.