TRANSACTIONS AND BALANCES WITH RELATED PARTIES (Tables)

12 Months Ended

Dec. 31, 2023

TRANSACTIONS AND BALANCES WITH RELATED PARTIES [Abstract]

Transactions with Related Parties

b) The following table presents the main transactions and balances with related parties and individuals as of December 31, 2023 and 2022:

	2023			2022
	S/(000)			S/(000)
Statement of financial position -
Direct loans		2,063,739			1,804,837
Investments (i)		806,700			800,021
Deposits (ii)		(713,503	)		(1,138,115	)
Derivatives at fair value		516,292			336,867

(i) As of December 31, 2023, the balance includes mainly S/166.8 million of corporate bonds, S/146.5 million of Alicorp S.A.A. shares; S/135.9 million of Inversiones Centenario shares and S/120.5 million of corporate bonds issued by Corporación Primax. The increase in the balance corresponds mainly to the fluctuation that positively affected the investments in corporate bonds of Alicorp S.A. and Corporación Primax.
As of December 31, 2022, the balance includes mainly S/158.1 million of corporate bonds, S/157.0 million of Alicorp S.A.A. shares; S/155.3 million of corporate bonds issued by Cementos Pacasmayo S.A. and S/126.8 million of Inversiones Centenario shares.

(ii) Corresponds to deposits from legal entities and individuals. As of December 31, 2023 and 2022, the balance corresponds mainly to higher deposits held by companies and related persons.

	2023			2022
	S/(000)			S/(000)
Statement of income
Interest income related to loans		31,892			38,896
Interest expenses related to deposits		(30,914	)		(24,143	)
Other income		9,452			13,232
Contingent risks and commitments
Indirect loans		584,463			433,639

Key Executives Compensation

e) The Group’s key executives’ compensation (including the related income taxes assumed by the Group) as of December 31, 2023 and 2022 was as follows:

	2023		2022
	S/(000)		S/(000)
Director’s compensation		7,387		7,850
Senior Management Compensation:
Remuneration		49,573		40,201
Stock awards vested		21,444		28,450
Total		78,404		76,501

Details of Funds

f) As of December 31, 2023 and 2022 the Group holds interests in various funds managed by certain of the Group’s subsidiaries. The details of the funds are presented below:

	2023		2022
	S/(000)		S/(000)
At fair value through profit or loss:
Mutual funds, investment funds and hedge funds
U.S. Dollars		516,834		626,404
Bolivianos		179,131		163,701
Colombian pesos		170,769		70,987
Soles		108,830		76,535
Chilean pesos		7,198		5,735
Total		982,762		943,362
Restricted mutual funds, note 6(a)(iv)		334,162		351,317