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CASH COLLATERAL, REVERSE REPURCHASE AGREEMENTS AND SECURITIES BORROWING AND PAYABLES FROM REPURCHASE AGREEMENTS AND SECURITIES LENDING, Repurchase Agreements (Details)
S/ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
PEN (S/)
Dec. 31, 2020
PEN (S/)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Repurchase agreement [Abstract]        
Credit derivative, nominal amount | $     $ 73,642,609 $ 54,844,606
Minimum [Member]        
Repurchase agreement [Abstract]        
Borrowings, maturity January 2022 January 2021    
Maximum [Member]        
Repurchase agreement [Abstract]        
Borrowings, maturity March 2032 March 2032    
Libor 6M + 1.68% [Member]        
Repurchase agreement [Abstract]        
Term of fixed and variable rates 6 months 6 months    
Debt instrument term of basis spread on variable rate 1.68% 1.68%    
Accrued interest fixed and variable rates 0.50% 0.50%    
Libor 6M + 1.90% [Member]        
Repurchase agreement [Abstract]        
Term of fixed and variable rates 6 months 6 months    
Debt instrument term of basis spread on variable rate 1.90% 1.90%    
Accrued interest fixed and variable rates 6.73% 6.73%    
Cross Currency Swaps [Member] | Cash Flow Hedges [Member]        
Repurchase agreement [Abstract]        
Credit derivative, nominal amount S/ 179,400 S/ 162,900 45,000 45,000
Cross Currency Swap Contract One [Member] | Cash Flow Hedges [Member]        
Repurchase agreement [Abstract]        
Credit derivative, nominal amount 99,700 90,500 $ 25,000 $ 25,000
Debt Instruments [Member]        
Repurchase agreement [Abstract]        
Financial liabilities S/ 21,191,810 S/ 27,164,768    
BCRP Reactiva Peru [Member] | Debt Instruments [Member]        
Repurchase agreement [Abstract]        
Description of presentation currency [1] Soles      
Borrowings, maturity [1] May 2023 / December 2025 May 2023 / December 2023    
Financial liabilities [1] S/ 15,729,959 S/ 20,916,438    
BCRP [Member] | Debt Instruments [Member]        
Repurchase agreement [Abstract]        
Description of presentation currency Soles      
Borrowings, maturity January 2022 / September 2025 March 2021 / July 2024 [1]    
Financial liabilities S/ 2,938,683 S/ 2,903,266    
Banco Central de Bolivia [Member] | Debt Instruments [Member]        
Repurchase agreement [Abstract]        
Description of presentation currency Bolivianos      
Borrowings, maturity February 2022 / December 2022 February 2021 / December 2022    
Financial liabilities S/ 736,155 S/ 486,331    
BCRP Reactiva Peru Especial [Member] | Debt Instruments [Member]        
Repurchase agreement [Abstract]        
Description of presentation currency [1] Soles      
Borrowings, maturity [1] June 2023 / December 2025 June 2023 / December 2023    
Financial liabilities [1] S/ 672,289 S/ 756,387    
Bcrp nota [Member] | Debt Instruments [Member]        
Repurchase agreement [Abstract]        
Description of presentation currency [2] Soles      
Borrowings, maturity [2] March 2022 / March 2023 February 2021 / March 2023    
Financial liabilities [2] S/ 285,000 S/ 1,055,000    
Natixis SA one [Member] | Debt Instruments [Member]        
Repurchase agreement [Abstract]        
Description of presentation currency Soles      
Borrowings, maturity August 2028 August 2028    
Financial liabilities S/ 270,000 S/ 270,000    
Banco de la Repblica de Colombia [Member] | Debt Instruments [Member]        
Repurchase agreement [Abstract]        
Description of presentation currency Colombian pesos      
Borrowings, maturity January 2022 January 2021    
Financial liabilities S/ 203,026 S/ 319,481    
Citigroup Global Markets Limited one [Member] | Debt Instruments [Member]        
Repurchase agreement [Abstract]        
Description of presentation currency [2] US dollar      
Borrowings, maturity [2] August 2026 August 2026    
Financial liabilities [2] S/ 179,415 S/ 162,945    
Natixis S.A Two [Member] | Debt Instruments [Member]        
Repurchase agreement [Abstract]        
Description of presentation currency [3] US dollar      
Borrowings, maturity [3] August 2026 August 2026    
Financial liabilities [3] S/ 99,675 S/ 90,525    
Other Minors [Member] | Debt Instruments [Member]        
Repurchase agreement [Abstract]        
Financial liabilities S/ 1,848 S/ 91,160    
Other Minors [Member] | Debt Instruments [Member] | Minimum [Member]        
Repurchase agreement [Abstract]        
Borrowings, maturity January 2022 January 2021 / April 2033    
Accrued Interest [Member] | Debt Instruments [Member]        
Repurchase agreement [Abstract]        
Financial liabilities S/ 75,760 S/ 113,235    
Repurchase Agreements [Member]        
Repurchase agreement [Abstract]        
Fixed interest annual rate 0.50%      
Agreement grace period 12 months      
Maximum borrowings capacity S/ 24,286,500 S/ 10,864,600    
[1] It corresponds to Agreement Transactions where BCP and MiBanco sell representing credit securities guaranteed by the BCRP, they receive soles and are obliged to buy them back at a later date. The credit representing securities with guarantee of the National Government may have the form of a portfolio of credit representing titles or of Certificates of Participation in trustee of the loan portfolio guaranteed by the National Government (Reactiva Especial). The BCRP will charge a fixed interest annual rate in soles of 0.5 percent for the operation and will include a grace period of twelve months without payment of interest or principal. As of December 2021, the total credits granted through the Reactiva Perú program is S/10,864.6 million (S/24,286.5 million, at December 31, 2020), see Note 7(a). See more details of the Reactiva Perú program in Note 2(b).
[2] As of December 31, 2021 the Group maintains cross currency swaps (CCS) which were designated as a cash flow hedge of certain repurchase agreements in US dollar at variable rate for a notional amount of US$ 45.0 million, equivalent to S/ 179.4 million (approximately US$ 45.0 million, equivalent to S/162.9 million, at December 31, 2020). By means of these CCS, said repurchase agreements were economically converted to soles, see note 13(c).
[3] As of December 31, 2021, the Group maintains a CCS which was designated as a cash flow hedge of a repurchase agreement in US dollar at variable rate for a total notional amount of US$25.0 million, equivalent to S/99.7 million (approximately US$25.0 million, equivalent to S/90.5 million, at December 31, 2020). By means of the CCS, said repurchase agreement was economically converted to soles at a fixed interest rate; see note 13(c).