INTANGIBLE ASSETS AND GOODWILL, NET (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure of detailed information about intangible assets [abstract]

Disclosure of detailed information about intangible assets [text block]

The movement of intangible assets with limited useful life for the years ended December 31, 2017, 2016 and 2015 is as follows:

Description	Client relationships (i)		Rights of use		Brand name (ii)		Fund manager contract (iii)		Core deposits intangible		Software and developments		Intangible in progress		Other		2017		2016		2015
	S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)
Cost -
Balances at January 1		406,186		55,900		261,715		100,608		21,100		1,614,338		302,747		26,841		2,789,435		2,512,114		2,329,549
Additions		–		–		–		–		–		88,466		182,984		272		271,722		277,346		276,564
Transfers		–		–		–		–		–		180,129		(180,129)		–		–		–		(3,299)
Disposals and others		1,019		–		384		877		–		26,319		609		–		29,208		(25)		(90,700)
Balances at December 31		407,205		55,900		262,099		101,485		21,100		1,909,252		306,211		27,113		3,090,365		2,789,435		2,512,114
Accumulated amortization -
Balance at January 1		190,354		55,900		86,391		5,843		9,681		1,089,884		–		26,841		1,464,894		1,242,843		1,043,886
Amortization of the year		30,310		–		14,792		2,049		3,516		190,413		–		–		241,080		224,216		218,874
Disposals and others		10,888		–		10,470		(5,153)		(10)		25,306		–		–		41,501		(2,165)		(19,917)
Balance at December 31		231,552		55,900		111,653		2,739		13,187		1,305,603		–		26,841		1,747,475		1,464,894		1,242,843
Net carrying amount		175,653		–		150,446		98,746		7,913		603,649		306,211		272		1,342,890		1,324,541		1,269,271

Disclosure of detailed information about client relationships intangible assets [text block]

This item consists of the following:

	2017		2016
	S/(000)		S/(000)
Prima AFP - AFP Unión Vida		107,018		119,367
Mibanco		39,093		51,121
Inversiones IMT		26,206		26,438
Mibanco - Edyficar Perú		3,336		5,155
Credicorp Capital Colombia - Correval		–		13,751
Net carrying amount		175,653		215,832

Disclosure of detailed information about brand intangible assets [text block]

This item consists of the following:

	2017		2016
	S/(000)		S/(000)
Mibanco		145,095		151,923
Inversiones IMT		5,351		9,941
Credicorp Capital Colombia - Correval		–		13,460
Net carrying amount		150,446		175,324

Disclosure of detailed information about fund manager contract intangible assets [text block]

This item consists of the following:

	2017		2016
	S/(000)		S/(000)
Credicorp Capital Colombia - Correval		52,635		49,287
Inversiones IMT		46,111		45,478
Net carrying amount		98,746		94,765

Disclosure of reconciliation of changes in goodwill [text block]

Goodwill acquired through business combinations has been allocated to each subsidiary or groups of them, which are also identified as a CGU for the purposes of impairment testing, as follows:

	2017		2016
	S/(000)		S/(000)
Mibanco - Edyficar Perú		273,694		273,694
Prima AFP – AFP Unión Vida		124,641		124,641
Credicorp Capital Colombia		77,746		80,022
Banco de Crédito del Perú		52,359		52,359
Inversiones IMT		41,290		39,284
Pacífico Seguros		36,354		36,354
Atlantic Security Holding Corporation		29,795		29,795
Crediseguro Seguros Personales		96		-
Net carrying amount		635,975		636,149

Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [text block]

The following table summarizes the key assumptions used for the calculation of fair value less selling costs in 2017 and 2016:

	At December 31, 2017
Description	Terminal value growth rate		Discount rate
	%		%
Mibanco - Edyficar Perú		3.00	12.43
Prima AFP – AFP Unión Vida		1.00	9.41
Credicorp Capital Colombia		3.80	12.63
Banco de Crédito del Perú		5.00	11.46
Inversiones IMT		5.25	11.72
Pacífico Seguros (*)		5.00	11.24 and 12.38
Atlantic Security Holding Corporation		2.00	10.31

(*) As of December 31, 2017, corresponds to the discount rates used by the Group to determine the recoverable value for the non-life and life insurance business lines cash flows that comprised this CGU as a result of the merger, See Note 2(a).

	At December 31, 2016
Description	Terminal value growth rate		Discount rate
	%		%
Mibanco - Edyficar Perú		3.00		12.48
Prima AFP - AFP Unión Vida		1.20		8.73
Credicorp Capital Colombia		3.80		13.44
Banco de Crédito del Perú		5.00		12.48
Inversiones IMT		5.25		12.41
Pacífico Seguros		5.00		11.66
Atlantic Security Holding Corporation		2.00		11.17