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OTHER ASSETS AND OTHER LIABILITIES, Components of Other Assets and Other Liabilities (Details) - PEN (S/)
S/ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Financial instruments: [Abstract]        
Receivables [1] S/ 1,225,171 S/ 1,319,569    
Margin Call 1,087,831 203,483    
Derivatives receivable [2] 904,791 987,663    
Receivables from sale of investments [3] 824,988 411,599    
Operations in process [4] 131,029 137,952    
Financial instruments 4,173,810 3,060,266    
Non-financial instruments: [Abstract]        
Deferred fees [5] 1,026,896 1,197,457    
Investment in associates [6] 763,918 748,663    
Investment properties, net [7] 625,105 565,274    
Income tax prepayments, net 226,847 348,578    
Adjudicated assets, net 166,179 107,562    
Improvements in leased premises 149,298 100,919    
VAT (IGV) tax credit 70,339 86,661    
Others 31,763 9,237    
Others Non-financial Assets 3,060,345 3,164,351    
Total 7,234,155 6,224,617    
Financial instruments: [Abstract]        
Accounts payable [8] 2,366,147 2,367,204    
Salaries and other personnel expenses 1,335,800 1,082,059    
Accounts payable for acquisitions of investments [3] 832,530 448,046    
Derivatives payable [2] 819,473 891,999    
Operations in process [4] 227,549 258,197    
Allowance for indirect loan losses, Note 7 [2] 383,918 368,029    
Dividends payable 74,183 62,976    
Other financial liabilities 6,039,600 5,478,510    
Non-financial instruments: [Abstract]        
Taxes 786,659 727,052    
Provision for sundry risks 646,739 [9] 642,520 [9] S/ 624,149 S/ 614,012
Others 147,308 145,609    
Non financial liabilities 1,580,706 1,515,181    
Total other liabilities S/ 7,620,306 S/ 6,993,691    
[1] As of December 31, 2024 and 2023, the balance is mainly composed of trade accounts receivable,  from the sale of goods and services, accounts receivable from the sale of foreign currency, unsettled transactions, funds restricted by the Central Reserve Bank of Bolivia, tax work, accounts paid by third parties, commissions receivable, premium receivable from payment protection insurance, accounts receivable from customers for stock exchange transactions, advances to personnel, dividends receivable, rents, among others.
[2] The risk in derivative contracts arises from the possibility of the counterparty failing to comply with the terms and conditions agreed and that the reference rates at which the transactions took place change.
[3] As of December 31, 2024 and 2023, corresponds to accounts receivable and payable for the sale and purchase of financial investments negotiated during the last days of the month, which were settled during the first days of the following month.
[4] Operations in process include deposits received, granted and collected loans, funds transferred and other similar types of transactions, which are made in the final days of the month and not reclassified to their final accounts in the consolidated statement of financial position until the first days of the following month. The regularization of these transactions does not affect the Group’s net income.
[5] As of December 31, 2024 and 2023, it corresponds mainly to the payment of the loyalty program based on miles that the bank credits to its customers for the use of their cards, as well as other financial products for S/363.6 million and S/629.5 million, respectively.
[6] Credicorp’s main associate is Pacífico S.A Entidad Prestadora de Salud (Pacífico EPS), whose balance amounts to S/692.1 million and S/686.6 million as of December 31, 2024 and 2023, respectively, see Note 2.
[7] Investment properties -
[8] As of December 31, 2024 and 2023, the balance corresponds mainly to accounts payable to suppliers, accounts payable to investment clients in the stock market, accounts payable to policyholders, accounts payable to intermediaries, accounts payable for premiums to the deposit insurance fund, dividends payable to minor shareholders, accounts payable for sale of foreign currency, interbank transactions to be settled with the BCRP, among others.
[9] The movement of the provision for sundry risks for the years ended December 31, 2024, 2023 and 2022 was as follows: