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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 Millions
12 Months Ended
Dec. 31, 2022
PEN (S/)
Dec. 31, 2021
PEN (S/)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Repurchase agreement [Abstract]        
Credit derivative, nominal amount S/ 63,818,334 S/ 73,642,609    
Minimum [Member]        
Repurchase agreement [Abstract]        
Borrowings, maturity January 2023 January 2022    
Maximum [Member]        
Repurchase agreement [Abstract]        
Borrowings, maturity December 2031 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 12.84% 6.73%    
Cross Currency Swaps [Member] | Cash Flow Hedges [Member]        
Repurchase agreement [Abstract]        
Credit derivative, nominal amount S/ 171,600 S/ 179,400 $ 45.0 $ 45.0
Cross Currency Swap Contract One [Member] | Cash Flow Hedges [Member]        
Repurchase agreement [Abstract]        
Credit derivative, nominal amount 95,300 99,700 $ 25.0 $ 25.0
Debt Instruments [Member]        
Repurchase agreement [Abstract]        
Financial liabilities S/ 12,332,689 S/ 21,191,810    
BCRP Reactiva Peru [Member] | Debt Instruments [Member]        
Repurchase agreement [Abstract]        
Description of presentation currency [1] Sol      
Borrowings, maturity [1] May 2023 / December 2025 May 2023 / December 2025    
Financial liabilities [1] S/ 6,981,698 S/ 14,994,230    
BCRP [Member] | Debt Instruments [Member]        
Repurchase agreement [Abstract]        
Description of presentation currency Sol      
Borrowings, maturity January 2023 / September 2025 January 2022 / September 2025 [1]    
Financial liabilities S/ 3,263,472 S/ 2,938,683    
Banco Central de Bolivia [Member] | Debt Instruments [Member]        
Repurchase agreement [Abstract]        
Description of presentation currency Boliviano      
Borrowings, maturity January 2023 / December 2023 February 2022 / December 2022    
Financial liabilities S/ 424,822 S/ 736,155    
BCRP Reactiva Peru Especial [Member] | Debt Instruments [Member]        
Repurchase agreement [Abstract]        
Description of presentation currency [1] Sol      
Borrowings, maturity [1] June 2023 / December 2025 June 2023 / December 2025    
Financial liabilities [1] S/ 793,734 S/ 1,408,018    
Bcrp nota [Member] | Debt Instruments [Member]        
Repurchase agreement [Abstract]        
Description of presentation currency [2] Sol      
Borrowings, maturity [2] March 2023 March 2022 / March 2023    
Financial liabilities [2] S/ 185,000 S/ 285,000    
Natixis SA one [Member] | Debt Instruments [Member]        
Repurchase agreement [Abstract]        
Description of presentation currency Sol      
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 peso      
Borrowings, maturity January 2023 January 2022    
Financial liabilities S/ 58,955 S/ 203,026    
Citigroup Global Markets Limited one [Member] | Debt Instruments [Member]        
Repurchase agreement [Abstract]        
Description of presentation currency [2] U.S. Dollar      
Borrowings, maturity [2] August 2026 August 2026    
Financial liabilities [2] S/ 171,630 S/ 179,415    
Natixis S.A Two [Member] | Debt Instruments [Member]        
Repurchase agreement [Abstract]        
Description of presentation currency [3] U.S. Dollar      
Borrowings, maturity [3] August 2026 August 2026    
Financial liabilities [3] S/ 95,350 S/ 99,675    
Other Minors [Member] | Debt Instruments [Member]        
Repurchase agreement [Abstract]        
Financial liabilities S/ 5,099 S/ 1,848    
Other Minors [Member] | Debt Instruments [Member] | Minimum [Member]        
Repurchase agreement [Abstract]        
Borrowings, maturity January 2023 January 2022    
Accrued Interest [Member] | Debt Instruments [Member]        
Repurchase agreement [Abstract]        
Financial liabilities S/ 82,929 S/ 75,760    
Repurchase Agreements [Member]        
Repurchase agreement [Abstract]        
Fixed interest annual rate 0.50%      
Agreement grace period 12 months      
Maximum borrowings capacity S/ 8,877,200 S/ 18,404,600    
[1] Comprised 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 2022, the total credits granted through the Reactiva Perú program is S/8,877.2 million (S/18,404.6 million, at December 31, 2021), see Note 7(a).
[2] As of December 31, 2022 the Group maintains cross currency swaps (CCS) which were designated as a cash flow hedge of certain repurchase agreements in U.S. Dollar at variable rate for a notional amount of US$ 45.0 million, equivalent to S/ 171.6 million (approximately US$ 45.0 million, equivalent to S/179.4 million, as ofDecember 31, 2021). By means of these CCS, said repurchase agreements were economically converted to soles, see note 13(c).
[3] As of December 31, 2022, the Group maintains a CCS which was designated as a cash flow hedge of a repurchase agreement in U.S. dollar at variable rate for a total notional amount of US$25.0 million, equivalent to S/95.3 million (approximately US$25.0 million, equivalent to S/99.7 million, as of December 31, 2021). By means of the CCS, said repurchase agreement was economically converted to soles at a fixed interest rate; see note 13(c).