tiprankstipranks
Credicorp Ltd. Showcases Solid Q1 2024 Earnings
Company Announcements

Credicorp Ltd. Showcases Solid Q1 2024 Earnings

Credicorp (BAP) has released an update.

Credicorp Ltd. has reported a robust financial performance for the first quarter of 2024, with a notable Return on Equity (ROE) of 18.2%. The company witnessed a disciplined interest rate strategy that yielded a Net Interest Margin (NIM) increase and diversified income sources leading to growth in Net Interest Income (NII) and Other Core Income. Despite some challenges in loan growth and an uptick in the Non-Performing Loan (NPL) ratio, the company’s efficiency ratio improved due to positive operating leverage.

For further insights into BAP stock, check out TipRanks’ Stock Analysis page.

Related Articles
GlobeNewswireCredicorp Ltd.: Credicorp’s “2Q24 quiet period”
GlobeNewswireCredicorp Ltd.: Credicorp to host its 2024 Strategic Update on September 26th
TipRanks Auto-Generated NewsdeskCredicorp Stands Strong Amid Peru’s Economic Challenges
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Optimize your mobile reading experience. Download the TipRanks App today!