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BONDS AND NOTES ISSUED (Details)
S/ in Thousands, $ in Thousands, in Thousands
1 Months Ended 12 Months Ended
Oct. 31, 2017
Nov. 30, 2016
Dec. 31, 2017
PEN (S/)
Dec. 31, 2016
PEN (S/)
Dec. 31, 2017
USD ($)
Dec. 31, 2017
VEF ( )
Disclosure of bonds and notes issued [Line Items]            
Notes And Debenture Issued Excluding Accrued Interest     S/ 16,049,234 S/ 15,750,467    
Notes and debentures issued     16,242,257 15,939,603    
Senior Notes Four [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis   U.S. Treasury plus 20 base points        
CCR Inc. MMT 100 - Secured notes [Member]            
Disclosure of bonds and notes issued [Line Items]            
Notes And Debenture Issued Excluding Accrued Interest [1]     670,132 1,120,309    
Negotiable certificate of deposit - BCP [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis variable rate, fixed as the average of at least three valuations of the internal rate of return for sovereign bonds issued by the Peruvian Government (with maturity in 2037), plus 150 basis points          
Subordinated negotiable certificates - BCP [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis   floating interest rate, established as three month Libor plus 2.79 percent        
Senior note [Member]            
Disclosure of bonds and notes issued [Line Items]            
Notes And Debenture Issued Excluding Accrued Interest     1,958,571 0    
Fixed interest rate [member]            
Disclosure of bonds and notes issued [Line Items]            
Notes And Debenture Issued Excluding Accrued Interest     1,490,185 1,619,067    
Interest payable     193,023 189,136    
Notes and debentures issued     S/ 16,242,257 15,939,603    
Fixed interest rate [member] | Senior Notes One [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis [2]     5.38      
Borrowings Interest Payment Basis [2]     Semi-annual      
Borrowings, maturity [2]     September 2020      
Notes And Debenture Issued Excluding Accrued Interest [2]     S/ 2,612,379 2,755,382    
Fixed interest rate [member] | Senior Notes Two [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis [2],[3]     Between 2.75 and 4.25      
Borrowings Interest Payment Basis [2],[3]     Semi-annual      
Borrowings, maturity [2],[3]     Between January 2018 and April 2023      
Issued amount | $ [2],[3]         $ 596,455  
Notes And Debenture Issued Excluding Accrued Interest [2],[3]     S/ 1,948,082 2,082,913    
Fixed interest rate [member] | Senior Notes Three [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis [4]     4.25      
Borrowings Interest Payment Basis [4]     Semi-annual      
Borrowings, maturity [4]     April 2023      
Issued amount | $ [4]         350,000  
Notes And Debenture Issued Excluding Accrued Interest [4]     S/ 1,066,904 1,086,997    
Fixed interest rate [member] | Senior Notes Four [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis [5]     2.25      
Borrowings Interest Payment Basis [5]     Semi-annual      
Borrowings, maturity [5]     October 2019      
Issued amount | $ [5]         300,000  
Notes And Debenture Issued Excluding Accrued Interest [5]     S/ 954,131 1,005,955    
Fixed interest rate [member] | Corporate bonds Second Program One [Member]            
Disclosure of bonds and notes issued [Line Items]            
Issued amount     S/ 200,000      
Fixed interest rate [member] | Corporate bonds Second Program Two [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis     Between 7.47 and 8.50      
Borrowings Interest Payment Basis     Quarterly      
Borrowings, maturity     Between June and July 2018      
Notes And Debenture Issued Excluding Accrued Interest     S/ 194,883 200,000    
Fixed interest rate [member] | Corporate bonds Third Program One [Member]            
Disclosure of bonds and notes issued [Line Items]            
Issued amount     S/ 98,800      
Fixed interest rate [member] | Corporate bonds Third Program Two [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis     Between 5.38 and 5.41      
Borrowings Interest Payment Basis     Semi-annual      
Borrowings, maturity     Between May and July 2017      
Issued amount     S/ 100,000      
Notes And Debenture Issued Excluding Accrued Interest     S/ 0 20,766    
Fixed interest rate [member] | Corporate bonds Third Program Three [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis     4.78      
Borrowings Interest Payment Basis     Semi-annual      
Borrowings, maturity     December 2017      
Notes And Debenture Issued Excluding Accrued Interest     S/ 0 91,505    
Fixed interest rate [member] | Corporate bonds Third Program Four [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis     Between 6.59 and 6.97      
Borrowings Interest Payment Basis     Semi-annual      
Borrowings, maturity     Between January and March 2017      
Notes And Debenture Issued Excluding Accrued Interest     S/ 0 78,815    
Fixed interest rate [member] | Corporate bonds Fourth Program One [Member]            
Disclosure of bonds and notes issued [Line Items]            
Issued amount     S/ 550,000      
Fixed interest rate [member] | Corporate bonds Fourth Program Two [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis     Between 5.31 and 7.25      
Borrowings Interest Payment Basis     Semi-annual      
Borrowings, maturity     Between December 2021 and November 2022      
Issued amount     S/ 100,000      
Notes And Debenture Issued Excluding Accrued Interest     S/ 530,034 549,400    
Fixed interest rate [member] | Corporate bonds Fourth Program Three [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis     6.56      
Borrowings Interest Payment Basis     Semi-annual      
Borrowings, maturity     July 2018      
Issued amount     S/ 100,000      
Notes And Debenture Issued Excluding Accrued Interest     S/ 86,513 86,950    
Fixed interest rate [member] | Corporate bonds Fourth Program Four [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis     7.16      
Borrowings Interest Payment Basis     Semi-annual      
Borrowings, maturity     June 2019      
Notes And Debenture Issued Excluding Accrued Interest     S/ 89,087 85,000    
Fixed interest rate [member] | Corporate bonds Fifth Program One [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis     6.41      
Borrowings Interest Payment Basis     Semi-annual      
Borrowings, maturity     April 2019      
Issued amount     S/ 172,870      
Notes And Debenture Issued Excluding Accrued Interest     S/ 162,096 172,391    
Fixed interest rate [member] | Corporate bonds Fifth Program Two [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis     5.59      
Borrowings Interest Payment Basis     Semi-annual      
Borrowings, maturity     June 2019      
Issued amount     S/ 150,000      
Notes And Debenture Issued Excluding Accrued Interest     S/ 136,311 150,000    
Fixed interest rate [member] | Corporate bonds Fifth Program Three [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis     5.625      
Borrowings Interest Payment Basis     Semi-annual      
Borrowings, maturity     November 2019      
Issued amount     S/ 138,410      
Notes And Debenture Issued Excluding Accrued Interest     S/ 123,761 138,075    
Fixed interest rate [member] | Corporate bonds Sixth Program [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis     5.16      
Borrowings Interest Payment Basis     Semi-annual      
Borrowings, maturity     May 2017      
Issued amount     S/ 50,000      
Notes And Debenture Issued Excluding Accrued Interest     S/ 0 46,165    
Fixed interest rate [member] | Subordinated bonds - BCP One [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis [6]     6.13      
Borrowings Interest Payment Basis [6]     Semi-annual      
Borrowings, maturity [6]     April 2027      
Issued amount | $ [6]         720,000  
Notes And Debenture Issued Excluding Accrued Interest [6]     S/ 2,333,152 2,423,720    
Fixed interest rate [member] | Subordinated bonds - BCP Two [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis [7]     6.88      
Borrowings Interest Payment Basis [7]     Semi-annual      
Borrowings, maturity [7]     September 2026      
Issued amount | $ [7]         350,000  
Notes And Debenture Issued Excluding Accrued Interest [7]     S/ 1,135,050 1,194,773    
Fixed interest rate [member] | Junior Subordinated bonds - BCP [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis [8]     9.75      
Borrowings Interest Payment Basis [8]     Semi-annual      
Borrowings, maturity [8]     November 2069      
Issued amount | $ [8]         250,000  
Notes And Debenture Issued Excluding Accrued Interest [8]     S/ 813,695 851,423    
Fixed interest rate [member] | Subordinated bonds First Program One [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis     6.22      
Borrowings Interest Payment Basis     Semi-annual      
Borrowings, maturity     May 2027      
Issued amount     S/ 15,000      
Notes And Debenture Issued Excluding Accrued Interest     S/ 15,000 15,000    
Fixed interest rate [member] | Subordinated bonds First Program Two [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis     6.97      
Borrowings Interest Payment Basis     Quarterly      
Borrowings, maturity     November 2026      
Issued amount | $         60,000  
Notes And Debenture Issued Excluding Accrued Interest     S/ 193,900 200,655    
Fixed interest rate [member] | Subordinated bonds Second Program One [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis     8.5      
Borrowings Interest Payment Basis     Semi-annual      
Borrowings, maturity     May 2026      
Issued amount     S/ 100,000      
Notes And Debenture Issued Excluding Accrued Interest     S/ 100,000 100,000    
Fixed interest rate [member] | Subordinated bonds Second Program Two [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis     7.22      
Borrowings Interest Payment Basis     Semi-annual      
Borrowings, maturity     June 2027      
Issued amount     S/ 30,000      
Notes And Debenture Issued Excluding Accrued Interest     S/ 29,953 0    
Fixed interest rate [member] | Negotiable certificate of deposit - BCP [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis     7.17      
Borrowings Interest Payment Basis [9]     Semi-annual      
Borrowings, maturity [9]     October 2022      
Issued amount [9]     S/ 483,280      
Notes And Debenture Issued Excluding Accrued Interest [9]     S/ 0 478,837    
Fixed interest rate [member] | Negotiable certificate of deposit - Mibanco [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis     Between 1.8 and 5.9      
Borrowings Interest Payment Basis     Annual      
Borrowings, maturity     Between January 2017 and December 2019      
Issued amount     S/ 2,998      
Notes And Debenture Issued Excluding Accrued Interest     S/ 1,461 2,998    
Fixed interest rate [member] | Subordinated negotiable certificates - BCP [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis [10]     6.88      
Borrowings Interest Payment Basis [10]     Semi-annual      
Borrowings, maturity [10]     September 2026      
Notes And Debenture Issued Excluding Accrued Interest [10]     S/ 390,450 402,139    
Fixed interest rate [member] | Leasing bonds Fifth Program [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis     8.72      
Borrowings Interest Payment Basis     Quarterly      
Borrowings, maturity     August 2018      
Notes And Debenture Issued Excluding Accrued Interest     S/ 100,000 100,000    
Fixed interest rate [member] | Corporate bonds Fifth Program Four [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis     5.91      
Borrowings Interest Payment Basis     Semi-annual      
Borrowings, maturity     January 2020      
Issued amount     S/ 182,410      
Notes And Debenture Issued Excluding Accrued Interest     S/ 167,500 0    
Fixed interest rate [member] | Subordinated bonds Third Program One [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis     Between 6.19 and 8.16      
Borrowings Interest Payment Basis     Semi-annual      
Borrowings, maturity     Between October 2021 and December 2022      
Issued amount     S/ 110,000      
Notes And Debenture Issued Excluding Accrued Interest     S/ 39,978 109,980    
Fixed interest rate [member] | Subordinated bonds Third Program Two [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis     7.75      
Borrowings Interest Payment Basis     Semi-annual      
Borrowings, maturity     July 2024      
Issued amount     S/ 88,009      
Notes And Debenture Issued Excluding Accrued Interest     S/ 87,869 88,009    
Fixed interest rate [member] | Subordinated bonds Third Program Three [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis     6.25      
Borrowings Interest Payment Basis     Semi-annual      
Borrowings, maturity     August 2028      
Issued amount |           70,000
Notes And Debenture Issued Excluding Accrued Interest     S/ 33,072 34,196    
Fixed interest rate [member] | Subordinated bonds Third Program Four [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis     5.25      
Borrowings Interest Payment Basis     Semi-annual      
Borrowings, maturity     August 2022      
Issued amount |           137,200
Notes And Debenture Issued Excluding Accrued Interest     S/ 65,677 68,180    
Fixed interest rate [member] | Senior note [Member]            
Disclosure of bonds and notes issued [Line Items]            
Issued amount     2,000,000      
Fixed interest rate [member] | Subordinated negotiable certificates - BCP one [Member]            
Disclosure of bonds and notes issued [Line Items]            
Issued amount | $ [10]         126,120  
Fixed interest rate [member] | Subordinated negotiable certificates - BCP Two [Member]            
Disclosure of bonds and notes issued [Line Items]            
Issued amount | $ [10]         2,960  
Fixed interest rate [member] | Leasing bonds First program [Member]            
Disclosure of bonds and notes issued [Line Items]            
Issued amount     S/ 100,000      
Fixed interest rate [member] | Senior Notes Five [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis     4.85      
Borrowings Interest Payment Basis     Semi-annual      
Borrowings, maturity     October 2020      
Two Thousand Ten Series C Floating Rate [Member] | CCR Inc. MMT 100 - Secured notes [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis [1]     Libor 1M + 44.5 bp      
Borrowings Interest Payment Basis [1]     Monthly      
Borrowings, maturity [1]     July 2017      
Issued amount | $ [1]         350,000  
Notes And Debenture Issued Excluding Accrued Interest [1]     S/ 0 S/ 179,230    
Two Thousand Ten Series C Floating Rate [Member] | CCR Inc. MMT 100 - Secured notes [Member] | Cash flow hedges [member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, maturity       matured in July 2017.    
Two Thousand Twelve Series A And B Floating Rate [Member] | CCR Inc. MMT 100 - Secured notes [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis [1]     Libor 1M + 22.5 bp      
Borrowings Interest Payment Basis [1]     Monthly      
Borrowings, maturity [1]     July 2017      
Issued amount | $ [1]         150,000  
Notes And Debenture Issued Excluding Accrued Interest [1]     S/ 0 S/ 97,884    
Two Thousand Twelve Series C Floating Rate [Member] | CCR Inc. MMT 100 - Secured notes [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis [1]     4.75      
Borrowings Interest Payment Basis [1]     Monthly      
Borrowings, maturity [1]     July 2022      
Issued amount | $ [1]         $ 315,000  
Notes And Debenture Issued Excluding Accrued Interest [1]     S/ 670,132 843,195    
Floating Interest Rate Member [Member] | Subordinated negotiable certificates - BCP [Member]            
Disclosure of bonds and notes issued [Line Items]            
Borrowings, interest rate basis [10]     Libor 3M+ 279 bp      
Borrowings Interest Payment Basis [10]     Semi-annual      
Borrowings, maturity [10]     November 2021      
Notes And Debenture Issued Excluding Accrued Interest [10]     S/ 9,593 S/ 9,934    
[1] All issuances are secured by the collection of BCP’s (including its foreign branches) future inflows from electronic messages sent through the Society for Worldwide Interbank Financial Telecommunications (“SWIFT”) network and utilized within the network to instruct correspondent banks to make a payment of a certain amount to a beneficiary that is not a financial institution. At December 31, 2016, cash flows of issuances in 2010 with series “C”, which are subject to variable interest rates, have been hedged using an IRS designated as cash flows hedges for a nominal amount of S/179.2 million, See Note 12(b); through the IRS, said issuance was converted to a fixed interest rate. The issue matured in July 2017.
[2] The Group can redeem these notes in whole or in a part at any time, with the penalty of the payment of an interest rate equivalent to that of the American Treasury plus 40 basis points. Payment of principal will take place at the date of maturity or redemption of the notes.
[3] In June 2014, the Group offered an exchange to the holders of senior notes, by which the notes were partially replaced with new notes, at market rate, with the same characteristics of the senior notes indicated in (i) above.
[4] The Group can redeem these notes in whole or in part at any time, with the penalty of the payment of an interest rate equivalent to that of the American Treasury plus 50 basis points. Payment of principal will take place at the date of maturity or redemption.
[5] The Group may redeem all or part of the notes at any time, subject to a penalty of a rate of interest equal to that of the U.S. Treasury plus 20 base points. The payment of principal will take place on the maturity date of the notes or when the Group redeems them.
[6] From 2022, the Bank will pay a floating interest rate of three month Libor plus 704.3 basis points. Between April 24, 2017 and April 24, 2022, the Bank may redeem all or part of the subordinated bonds with the penalty of the payment of an interest rate equivalent to that of the American Treasury plus 50 basis points. Additionally, from April 25, 2022 or at any later date of coupon payment, the Bank will be able to redeem all or part of the bonds without penalty. Payment of principal will take place at the date of maturity of bonds or upon redemption. In January 2014, the Bank, through its Panama Branch increased the issue of its subordinated bonds by an amount of US$200.0 million in the international market, as occurred in April 2013, when it carried out a first increase for an amount of US$170.0 million, with the same characteristics of the issue made in April 2012 for US$350.0 million.
[7] From September 16, 2021, the interest rate becomes a floating rate of three month Libor plus 770.8 basis points. Between September 16, 2016 and September 15, 2021, the Group may redeem all or part of the bonds, with the penalty of the payment of an interest equivalent to the American Treasury plus 50 basis points. Additionally, from September 16, 2021 or at any later date of coupon payment, the Group can redeem all or part of the bonds without penalty. Payment of principal will take place at the date of maturity of bonds or upon redemption.
[8] In November 2019, interest rate will become a variable rate of three month Libor plus 816.7 basis points. On that date and on any interest payment date the Bank can redeem 100 percent of the bonds without penalty. Payment of principal will take place at the date of maturity or upon redemption. This issuance, as authorized by the SBS, qualifies as “Tier 1” equity in the determination of the regulatory capital (“patrimonio efectivo”) and has no related guarantees.
[9] In October 2017, the interest rate became a variable rate, fixed as the average of at least three valuations of the internal rate of return for sovereign bonds issued by the Peruvian Government (with maturity in 2037), plus 150 basis points, with semiannual payments. The Group, using the powers conferred to it, on October 15, 2017, redeemed 100 percent of the negotiable certificates of deposit, without penalties.
[10] Until October 2016, said certificates bore interest at the fixed rate of 6.88 percent per annum. From November 2016, the interest rate will change to a floating interest rate, established as three month Libor plus 2.79 percent, with semiannual payments. Furthermore, from said date, the Group can redeem 100 percent of the debt, without penalties. Payment of principal will take place at the date of maturity of bonds or upon redemption.