XML 78 R49.htm IDEA: XBRL DOCUMENT v3.23.1
LOANS, NET (Tables)
 12 Months Ended
Dec. 31, 2022
LOANS, NET [Abstract]  
Direct Loans, Net
a)
This item consists of the following:

   
2022
    
2021
  
    S/(000)
  S/(000)
Direct loans -
                
Loans
    
119,602,591
      
120,621,183
  
Credit cards
    
6,187,910
      
5,626,026
  
Leasing receivables
    
6,174,850
      
6,446,450
  
Factoring receivables
    
3,976,898
      
3,572,697
  
Discounted notes
    
2,982,291
      
2,718,321
  
Advances and overdrafts in current account
    
219,932
      
69,238
  
Refinanced loans
    
2,100,018
      
1,800,465
  
Total direct loans
    
141,244,490
      
140,854,380
  
                 
Internal overdue loans and under legal collection loans
    
5,945,779
      
5,562,439
  
     
147,190,269
      
146,416,819
  
Add (less) -
                
Accrued interest
    
1,516,962
      
1,280,262
  
Unearned interest
    
(80,857
)
    
(99,669
)
Total direct loans
    
148,626,374
      
147,597,412
  
Allowance for loan losses (c)
    
(7,872,402
)
    
(8,477,308
)
Total direct loans, net
    
140,753,972
      
139,120,104
  
Composition of Gross Credit Balance
  b)
As of December 31, 2022, and 2021, the composition of the gross credit balance is as follows:

   
2022
    
2021
  
    S/(000)

  S/(000)

                 
Direct loans, Note7 (a)
    
147,190,269
      
146,416,819
  
Indirect loans, Note 21(a)
    
20,928,055
      
22,914,343
  
Banker’s acceptances Note 3(r)
    
699,678
      
532,404
  
Total
    
168,818,002
      
169,863,566
  
Movement of Gross Balance of Loan Portfolio by Stages
The movement of gross balance of loan portfolio by stages is as follows for the periods of 2022 and 2021 is as follows:

Stage 1
                                                            
Loans by class
  
Balance at
December 31,
2021
    
Transfer to
Stage 2
    
Transfer to
Stage 3
    
Transfer from
Stage 2
    
Transfer from
Stage 3
    
New loans,
liquidation and
write-offs, net
    
Transfers
between classes
of loans
    
Sale of loan
portfolio
    
Exchange
differences and
others
    
Balance at
December 31,
2022
  
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
 
Commercial loans
    
90,281,463
      
(10,689,388
)
    
(782,333
)
    
7,640,908
      
356,896
      
1,067,360
      
(21,784
)
    
–
      
(1,662,665
)
    
86,190,457
  
Residential mortgage loans
    
18,702,189
      
(4,019,065
)
    
(84,000
)
    
1,995,000
      
27,176
      
2,247,060
      
7,496
      
–
      
(235,424
)
    
18,640,432
  
Micro-business loans
    
10,803,696
      
(11,398,414
)
    
(235,229
)
    
4,142,176
      
95,327
      
10,960,618
      
(739,253
)
    
–
      
(203,268
)
    
13,425,653
  
Consumer loans
    
11,993,823
      
(6,578,251
)
    
(300,120
)
    
3,313,501
      
58,137
      
6,176,605
      
753,541
      
–
      
(30,301
)
    
15,386,935
  
Total
    
131,781,171
      
(32,685,118
)
    
(1,401,682
)
    
17,091,585
      
537,536
      
20,451,643
      
–
      
–
      
(2,131,658
)
    
133,643,477
  

Stage 2
                                                            
Loans by class
  
Balance at
December 31,
2021
    
Transfer to
Stage 1
    
Transfer to
Stage 3
    
Transfer from
Stage 1
    
Transfer from
Stage 3
    
New loans,
liquidation and
write-offs, net
    
Transfers
between classes
of loans
    
Sale of loan
portfolio
    
Exchange
differences and
others
    
Balance at
December 31,
2022
  
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
 
Commercial loans
    
11,342,409
      
(7,640,908
)
    
(2,586,811
)
    
10,689,388
      
434,550
      
(3,906,923
)
    
614,296
      
–
      
(95,828
)
    
8,850,173
  
Residential mortgage loans
    
1,758,125
      
(1,995,000
)
    
(292,259
)
    
4,019,065
      
23,225
      
(286,590
)
    
427
      
–
      
(19,912
)
    
3,207,081
  
Micro-business loans
    
8,927,358
      
(4,142,176
)
    
(1,627,919
)
    
11,398,414
      
93,396
      
(6,722,150
)
    
(599,450
)
    
–
      
(61,009
)
    
7,266,464
  
Consumer loans
    
2,921,075
      
(3,313,501
)
    
(1,025,878
)
    
6,578,251
      
71,775
      
(1,741,617
)
    
(15,273
)
    
–
      
(3,228
)
    
3,471,604
  
Total
    
24,948,967
      
(17,091,585
)
    
(5,532,867
)
    
32,685,118
      
622,946
      
(12,657,280
)
    
–
      
–
      
(179,977
)
    
22,795,322
  

Stage 3
                                                            
Loans by class
  
Balance at
December 31,
2021
    
Transfer to
Stage 1
    
Transfer to
Stage 2
    
Transfer from
Stage 1
    
Transfer from
Stage 2
    
New loans,
liquidation and
write-offs, net
    
Transfers
between classes
of loans
    
Sale of loan
portfolio
    
Exchange
differences and
others
    
Balance at
December 31,
2022
  
 
   S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
 
Commercial loans
    
8,756,743
      
(356,896
)
    
(434,550
)
    
782,333
      
2,586,811
      
(2,934,746
)
    
(95,866
)
    
(7,803
)
    
(145,826
)
    
8,150,200
  
Residential mortgage loans
    
1,371,146
      
(27,176
)
    
(23,225
)
    
84,000
      
292,259
      
(283,888
)
    
–
      
(2,442
)
    
(22,613
)
    
1,388,061
  
Micro-business loans
    
1,906,210
      
(95,327
)
    
(93,396
)
    
235,229
      
1,627,919
      
(1,905,488
)
    
85,153
      
(909
)
    
(17,832
)
    
1,741,559
  
Consumer loans
    
1,099,329
      
(58,137
)
    
(71,775
)
    
300,120
      
1,025,878
      
(1,205,204
)
    
10,713
      
(304
)
    
(1,237
)
    
1,099,383
  
Total
    
13,133,428
      
(537,536
)
    
(622,946
)
    
1,401,682
      
5,532,867
      
(6,329,326
)
    
–
      
(11,458
)
    
(187,508
)
    
12,379,203
  

Consolidated 3 Stages
                                          
Loans by class
  
Balance at
December 31,
2021
    
Loan
portfolio
written off
and forgiven
    
New loans and
liquidation, net
    
Transfers
between classes
of loans
    
Sale of loan
portfolio
    
Exchange
differences and
others
    
Balance at
December 31,
2022
  
 
   S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
 
Commercial loans
    
110,380,615
      
(421,319
)
    
(5,352,990
)
    
496,646
      
(7,803
)
    
(1,904,319
)
    
103,190,830
  
Residential mortgage loans
    
21,831,460
      
(33,960
)
    
1,710,542
      
7,923
      
(2,442
)
    
(277,949
)
    
23,235,574
  
Micro-business loans
    
21,637,264
      
(1,164,678
)
    
3,497,658
      
(1,253,550
)
    
(909
)
    
(282,109
)
    
22,433,676
  
Consumer loans
    
16,014,227
      
(955,301
)
    
4,185,085
      
748,981
      
(304
)
    
(34,766
)
    
19,957,922
  
Total
    
169,863,566
      
(2,575,258
)
    
4,040,295
      
–
      
(11,458
)
    
(2,499,143
)
    
168,818,002
  

Stage 1
                                                            
Loans by class
  
Balance at
December 31,
2020
    
Transfer to
Stage 2
    
Transfer to
Stage 3
    
Transfer from
Stage 2
    
Transfer from
Stage 3
    
New loans,
liquidation and
write-offs, net
    
Transfers
between classes
of loans
    
Sale of loan
portfolio
    
Exchange
differences and
others
    
Balance at
December 31,
2021
  
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
 
Commercial loans
    
84,366,795
      
(13,032,923
)
    
(912,504
)
    
8,283,495
      
464,932
      
5,398,312
      
1,482,015
      
–
      
4,231,341
      
90,281,463
  
Residential mortgage loans
    
18,063,315
      
(2,595,038
)
    
(226,183
)
    
1,622,944
      
76,745
      
1,378,089
      
(45,768
)
    
(474
)
    
428,559
      
18,702,189
  
Micro-business loans
    
11,580,793
      
(12,106,836
)
    
(332,694
)
    
4,401,320
      
142,517
      
9,164,707
      
(2,193,954
)
    
–
      
147,843
      
10,803,696
  
Consumer loans
    
9,980,504
      
(4,602,656
)
    
(685,511
)
    
1,961,919
      
72,304
      
4,394,600
      
757,707
      
–
      
114,956
      
11,993,823
  
Total
    
123,991,407
      
(32,337,453
)
    
(2,156,892
)
    
16,269,678
      
756,498
      
20,335,708
      
–
      
(474
)
    
4,922,699
      
131,781,171
  

Stage 2
                                                            
Loans by class
  
Balance at
December 31,
2020
    
Transfer to
Stage 1
    
Transfer to
Stage 3
    
Transfer from
Stage 1
    
Transfer from
Stage 3
    
New loans,
liquidation and
write-offs, net
    
Transfers
between classes
of loans
    
Sale of loan
portfolio
    
Exchange
differences and
others
    
Balance at
December 31,
2021
  
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
 
Commercial loans
    
10,090,159
      
(8,283,495
)
    
(3,350,523
)
    
13,032,923
      
800,280
      
(2,042,256
)
    
800,739
      
–
      
294,582
      
11,342,409
  
Residential mortgage loans
    
1,360,460
      
(1,622,944
)
    
(516,497
)
    
2,595,038
      
185,299
      
(255,142
)
    
(5,529
)
    
–
      
17,440
      
1,758,125
  
Micro-business loans
    
8,451,947
      
(4,401,320
)
    
(1,921,386
)
    
12,106,836
      
164,077
      
(4,686,408
)
    
(794,634
)
    
–
      
8,246
      
8,927,358
  
Consumer loans
    
2,584,176
      
(1,961,919
)
    
(854,967
)
    
4,602,656
      
214,329
      
(1,666,707
)
    
(576
)
    
–
      
4,083
      
2,921,075
  
Total
    
22,486,742
      
(16,269,678
)
    
(6,643,373
)
    
32,337,453
      
1,363,985
      
(8,650,513
)
    
–
      
–
      
324,351
      
24,948,967
  

Stage 3
                                                            
Loans by class
  
Balance at
December 31,
2020
    
Transfer to
Stage 1
    
Transfer to
Stage 2
    
Transfer from
Stage 1
    
Transfer from
Stage 2
    
New loans,
liquidation and
write-offs, net
    
Transfers
between classes
of loans
    
Sale of loan
portfolio
    
Exchange
differences and
others
    
Balance at
December 31,
2021
  
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
 
Commercial loans
    
6,850,481
      
(464,932
)
    
(800,280
)
    
912,504
      
3,350,523
      
(1,413,990
)
    
5,957
      
(30,101
)
    
346,581
      
8,756,743
  
Residential mortgage loans
    
1,144,605
      
(76,745
)
    
(185,299
)
    
226,183
      
516,497
      
(270,401
)
    
(3,696
)
    
(9,126
)
    
29,128
      
1,371,146
  
Micro-business loans
    
1,978,448
      
(142,517
)
    
(164,077
)
    
332,694
      
1,921,386
      
(2,017,681
)
    
(9,675
)
    
(6,629
)
    
14,261
      
1,906,210
  
Consumer loans
    
1,641,295
      
(72,304
)
    
(214,329
)
    
685,511
      
854,967
      
(1,808,007
)
    
7,414
      
(1,237
)
    
6,019
      
1,099,329
  
Total
    
11,614,829
      
(756,498
)
    
(1,363,985
)
    
2,156,892
      
6,643,373
      
(5,510,079
)
    
–
      
(47,093
)
    
395,989
      
13,133,428
  

Consolidated 3 Stages
                                          
Loans by class
  
Balance at
December 31,
2020
    
Loan
portfolio
written off
and forgiven
    
New loans and
liquidation, net
    
Transfers
between classes
of loans
    
Sale of loan
portfolio
    
Exchange
differences and
others
    
Balance at
December 31,
2021
  
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
 
Commercial loans
    
101,307,435
      
(160,079
)
    
2,102,145
      
2,288,711
      
(30,101
)
    
4,872,504
      
110,380,615
  
Residential mortgage loans
    
20,568,380
      
(39,189
)
    
891,735
      
(54,993
)
    
(9,600
)
    
475,127
      
21,831,460
  
Micro-business loans
    
22,011,188
      
(1,517,271
)
    
3,977,889
      
(2,998,263
)
    
(6,629
)
    
170,350
      
21,637,264
  
Consumer loans
    
14,205,975
      
(1,349,843
)
    
2,269,729
      
764,545
      
(1,237
)
    
125,058
      
16,014,227
  
Total
    
158,092,978
      
(3,066,382
)
    
9,241,498
      
–
      
(47,567
)
    
5,643,039
      
169,863,566
  
Movement in Allowance for Loan loss for Direct and Indirect Loans
  c)
As of December 31, 2022, and 2021, the allowance for loan losses for direct loans, indirect loans and due from customers on banker’s acceptances, was determined under the expected credit loss model as established in IFRS 9. The movement in the allowance for loan losses is shown below for direct loans and indirect loans and due from customers on banker’s acceptances is shown below:

Stage 1
                                                                
Loans by class
Balance at
December 31,
2021

Transfer to
Stage 2

Transfer to
Stage 3

Transfer
from
Stage 2

Transfer
from
Stage 3

New loans liquidation, and write-
offs, net

Changes in
PDs, LGDs,
EADs(*)

Transfers
between
classes of
loans

Sale of loan
portfolio

Exchange
differences
and others

Balance at
December
31, 2022
     S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
Commercial loans
    
607,880
      
(167,527
)
    
(16,135
)
    
168,102
      
41,729
      
86,676
      
(120,997
)
    
(12,101
)
    
–
      
(15,728
)
    
571,899
  
Residential mortgage loans
    
76,706
      
(27,467
)
    
(778
)
    
52,161
      
15,910
      
10,256
      
(43,766
)
    
2,274
      
–
      
(1,760
)
    
83,536
  
Micro-business loans
    
434,162
      
(372,672
)
    
(14,219
)
    
152,072
      
17,632
      
471,157
      
(352,379
)
    
(14,695
)
    
–
      
(5,098
)
    
315,960
  
Consumer loans
    
317,597
      
(195,412
)
    
(9,065
)
    
190,973
      
54,506
      
340,981
      
(419,651
)
    
24,522
      
–
      
(4,129
)
    
300,322
  
Total
    
1,436,345
      
(763,078
)
    
(40,197
)
    
563,308
      
129,777
      
909,070
      
(936,793
)
    
–
      
–
      
(26,715
)
    
1,271,717
  

Stage 2                                                                  
Loans by class
Balance at
December 31,
2021

Transfer to
Stage 1

Transfer to
Stage 3

Transfer
from
Stage 1

Transfer
from
Stage 3

New loans liquidation, and write-
offs, net

Changes in
PDs, LGDs,
EADs(*)

Transfers
between
classes of
loans

Sale of loan
portfolio

Exchange
differences
and others

Balance at
December
31, 2022
     S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
Commercial loans
    
652,781
      
(168,102
)
    
(225,459
)
    
167,527
      
61,995
      
(218,631
)
    
167,455
      
58,569
      
–
      
(2,878
)
    
493,257
  
Residential mortgage loans
    
97,388
      
(52,161
)
    
(21,869
)
    
27,467
      
13,888
      
(11,992
)
    
76,064
      
75
      
–
      
(2,028
)
    
126,832
  
Micro-business loans
    
625,255
      
(152,072
)
    
(274,896
)
    
372,672
      
34,163
      
(384,376
)
    
381,863
      
(56,841
)
    
–
      
(4,855
)
    
540,913
  
Consumer loans
    
637,763
      
(190,973
)
    
(312,930
)
    
195,412
      
62,043
      
(132,340
)
    
183,112
      
(1,803
)
    
–
      
(710
)
    
439,574
  
Total
    
2,013,187
      
(563,308
)
    
(835,154
)
    
763,078
      
172,089
      
(747,339
)
    
808,494
      
–
      
–
      
(10,471
)
    
1,600,576
  

Stage 3
                                                              
Loans by class
  
Balance at
December 31,
2021
    
Transfer to
Stage 1
    
Transfer to
Stage 2
    
Transfer
from
Stage 1
    
Transfer
from
Stage 2
    
New loans liquidation, and write-
offs, net
    
Changes in
PDs, LGDs,
EADs(*)
    
Transfers
between
classes of
loans
    
Sale of loan
portfolio
    
Exchange
differences
and others
    
Balance at
December
31, 2022
  
     S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
Commercial loans
    
2,730,792
      
(41,729
)
    
(61,995
)
    
16,135
      
225,459
      
(734,370
)
    
814,163
      
(51,601
)
    
(7,590
)
    
(42,377
)
    
2,846,887
  
Residential mortgage loans
    
800,639
      
(15,910
)
    
(13,888
)
    
778
      
21,869
      
(163,673
)
    
143,014
      
-
      
(1,671
)
    
(13,378
)
    
757,780
  
Micro-business loans
    
1,148,632
      
(17,632
)
    
(34,163
)
    
14,219
      
274,896
      
(1,351,918
)
    
1,048,630
      
46,447
      
(830
)
    
(15,127
)
    
1,113,154
  
Consumer loans
    
941,416
      
(54,506
)
    
(62,043
)
    
9,065
      
312,930
      
(1,028,864
)
    
822,883
      
5,154
      
(249
)
    
(4,914
)
    
940,872
  
Total
    
5,621,479
      
(129,777
)
    
(172,089
)
    
40,197
      
835,154
      
(3,278,825
)
    
2,828,690
      
–
      
(10,340
)
    
(75,796
)
    
5,658,693
  

Consolidated 3 Stages
              
Credit loss of the period
                          
   
Balance at
December
31, 2021
    
Loan
portfolio written off
and
forgiven
    
New loans
and
liquidation,
net
    
Changes in
PDs, LGDs,
EADs(*)
    
Transfers
between
classes of
loans
    
Sale of loan
portfolio
    
Exchange
differences
and others
    
Balance at
December
31, 2022 (**)
  
 
Loans by class
     S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
Commercial loans
    
3,991,453
      
(421,319
)
    
(445,006
)
    
860,621
      
(5,133
)
    
(7,590
)
    
(60,983
)
    
3,912,043
  
Residential mortgage loans
    
974,733
      
(33,960
)
    
(131,449
)
    
175,312
      
2,349
      
(1,671
)
    
(17,166
)
    
968,148
  
Micro-business loans
    
2,208,049
      
(1,164,678
)
    
(100,459
)
    
1,078 ,114
      
(25,089
)
    
(830
)
    
(25,080
)
    
1,970,027
  
Consumer loans
    
1,896,776
      
(955,301
)
    
135,078
      
586,344
      
27,873
      
(249
)
    
(9,753
)
    
1,680,768
  
Total
    
9,071,011
      
(2,575,258
)
    
(541,836
)
    
2,700,391
      
–
      
(10,340
)
    
(112,982
)
    
8,530,986
  

Stage 1
  
                                                             
Loans by class
  
Balance at
December 31,
2020
    
Transfer to
Stage 2
    
Transfer to
Stage 3
    
Transfer
from
Stage 2
    
Transfer
from
Stage 3
    
New loans liquidation, and write-
offs, net
    
Changes in
PDs, LGDs,
EADs(*)
    
Transfers
between
classes of
loans
    
Sale of loan
portfolio
    
Exchange
differences
and others
    
Balance at
December
31, 2021
  
     S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
   S/(000)
Commercial loans
    
721,503
      
(336,903
)
    
(21,434
)
    
305,143
      
29,199
      
(3,446
)
    
(178,612
)
    
67,526
      
–
      
24,904
      
607,880
  
Residential mortgage loans
    
157,935
      
(46,021
)
    
(3,699
)
    
60,588
      
39,211
      
48,386
      
(184,733
)
    
158
      
–
      
4,881
      
76,706
  
Micro-business loans
    
610,188
      
(659,532
)
    
(18,743
)
    
276,189
      
25,295
      
834,576
      
(583,915
)
    
(63,200
)
    
–
      
13,304
      
434,162
  
Consumer loans
    
355,436
      
(305,127
)
    
(25,628
)
    
202,265
      
82,773
      
204,751
      
(199,591
)
    
(4,484
)
    
–
      
7,202
      
317,597
  
Total
    
1,845,062
      
(1,347,583
)
    
(69,504
)
    
844,185
      
176,478
      
1,084,267
      
(1,146,851
)
    
–
      
–
      
50,291
      
1,436,345
  

Stage 2                                                                  

 
Balance at
December 31,
2020
    
Transfer to
Stage 1
    
Transfer to
Stage 3
    
Transfer
from
Stage 1
    
Transfer
from
Stage 3
    
New loans liquidation, and write-
offs, net
    
Changes in
PDs, LGDs,
EADs(*)
    
Transfers
between
classes of
loans
    
Sale of loan
portfolio
    
Exchange
differences
and others
    
Balance at
December
31, 2021
  

Loans by class
      S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
Commercial loans
    
666,002
      
(305,143
)
    
(299,463
)
    
336,903
      
97,276
      
(197,390
)
    
264,953
      
83,136
      
–
      
6,507
      
652,781
  
Residential mortgage loans
    
111,739
      
(60,588
)
    
(45,120
)
    
46,021
      
94,787
      
10,612
      
(61,872
)
    
(298
)
    
–
      
2,107
      
97,388
  
Micro-business loans
    
1,087,978
      
(276,189
)
    
(383,355
)
    
659,532
      
67,236
      
(479,918
)
    
31,194
      
(81,319
)
    
–
      
96
      
625,255
  
Consumer loans
    
946,312
      
(202,265
)
    
(412,088
)
    
305,127
      
188,858
      
(334,140
)
    
147,216
      
(1,519
)
    
–
      
262
      
637,763
  
Total
    
2,812,031
      
(844,185
)
    
(1,140,026
)
    
1,347,583
      
448,157
      
(1,000,836
)
    
381,491
      
–
      
–
      
8,972
      
2,013,187
  

Stage 3
                                                              

 
Balance at
December 31,
2020
    
Transfer to
Stage 1
    
Transfer to
Stage 2
    
Transfer
from
Stage 1
    
Transfer
from
Stage 2
    
New loans liquidation, and write-
offs, net
    
Changes in
PDs, LGDs,
EADs(*)
    
Transfers
between
classes of
loans
    
Sale of loan
portfolio
    
Exchange
differences
and others
    
Balance at
December
31, 2021
  
 
Loans by class
      S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
Commercial loans
    
2,229,427
      
(29,199
)
    
(97,276
)
    
21,434
      
299,463
      
(471,283
)
    
742,567
      
(26,219
)
    
(27,726
)
    
89,604
      
2,730,792
  
Residential mortgage loans
    
639,750
      
(39,211
)
    
(94,787
)
    
3,699
      
45,120
      
(174,618
)
    
410,446
      
(1,867
)
    
(5,613
)
    
17,720
      
800,639
  
Micro-business loans
    
1,445,988
      
(25,295
)
    
(67,236
)
    
18,743
      
383,355
      
(1,804,583
)
    
1,166,499
      
22,871
      
(6,335
)
    
14,625
      
1,148,632
  
Consumer loans
    
1,463,365
      
(82,773
)
    
(188,858
)
    
25,628
      
412,088
      
(1,618,776
)
    
924,246
      
5,215
      
(1,159
)
    
2,440
      
941,416
  
Total
    
5,778,530
      
(176,478
)
    
(448,157
)
    
69,504
      
1,140,026
      
(4,069,260
)
    
3,243,758
      
–
      
(40,833
)
    
124,389
      
5,621,479
  

Consolidated 3 Stages
              
Credit loss of the period
                          
  
Loans by class
  
Balance at
December
31, 2020
    
Loan
portfolio written off
and
forgiven
    
New loans
and
liquidation,
net
    
Changes in
PDs, LGDs,
EADs(*)
    
Transfers
between
classes of
loans
    
Sale of loan
portfolio
    
Exchange
differences
and others
    
Balance at
December
31, 2021 (**)
  
      S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
    S/(000)
Commercial loans
    
3,616,932
      
(160,079
)
    
(512,040
)
    
828,908
      
124,443
      
(27,726
)
    
121,015
      
3,991,453
  
Residential mortgage loans
    
909,424
      
(39,189
)
    
(76,431
)
    
163,841
      
(2,007
)
    
(5,613
)
    
24,708
      
974,733
  
Micro-business loans
    
3,144,154
      
(1,517,271
)
    
67,346
      
613,778
      
(121,648
)
    
(6,335
)
    
28,025
      
2,208,049
  
Consumer loans
    
2,765,113
      
(1,349,843
)
    
(398,322
)
    
871,871
      
(788
)
    
(1,159
)
    
9,904
      
1,896,776
  
Total
    
10,435,623
      
(3,066,382
)
    
(919,447
)
    
2,478,398
      
–
      
(40,833
)
    
183,652
      
9,071,011
  



(*)
The movement includes the following effects:

 
(i)
calibrations to the PD, LGD and EAD models,
 
(ii)
updates to macroeconomic models and projections,
 
(iii)
increase or decrease of credit risk of loans due to stage changes,
 
(iv)
increase or decrease of credit risk of loans that remain in the same stage.


(**)
The movement in the allowance for loan losses of the period 2022 includes the allowance for direct, indirect loans and due from customers on banker’s acceptances for approximately S/7,872.4 million and S/658.6 million, respectively (approximately S/8,477.3 million and S/593.7 million, respectively, as of December 31, 2021). The expected loan loss for indirect loan is included in “Other liabilities” of the consolidated statement of financial position, Note 13(a). In Management’s opinion, the allowance for loan losses recorded as of December 31, 2022 and 2021 has been established in accordance with IFRS 9 and is sufficient to cover losses on the loan portfolio.
Maturity and Payment Due for Gross Direct Loans

f)
The following table presents the gross direct loan portfolio as of December 31, 2022, and 2021 by maturity based on the remaining period to the payment due date:

   
2022
    
2021
  
    S/(000)

S/(000)

Outstanding loans -
                
From 1 to 3 months
    
34,192,006
      
28,165,353
  
From 3 months to 1 year
     35,338,442       35,930,674  
From 1 to 3 years
    
29,576,654
      
36,354,113
  
From 3 to 5 years
    
11,572,896
      
9,327,203
  
From 5 to 15 years
     27,144,332
       26,926,208
  
More than 15 years
    
3,420,160
      
4,150,829
  
     
141,244,490
      
140,854,380
  
                 
Internal overdue loans -
                
Overdue up to 90 days
    
1,264,436
      
1,353,655
  
Over 90 days
    
4,681,343
      
4,208,784
  
     
5,945,779
      
5,562,439
  
                 
Total
    
147,190,269
      
146,416,819