Luis Romero Belismelis (chairman) Gianfranco Ferrari (CEO)
Credicorp is a financial servicesholding company in Peru with a presence in Colombia, Bolivia, Chile, Panama and the United States. It currently has a universal banking, insurance and pension platform, with a microfinance, investment banking and wealth management presence in Latin America. Krealo, the innovative arm of the corporation, creates and invests in fintechs and startups in Latin America.
Its main operating subsidiaries are Banco de Crédito del Perú (BCP), Mibanco, BCP Bolivia, Atlantic Security Bank (ASB), Grupo Pacífico Seguros, Prima AFP, and Credicorp Capital. Credicorp has four lines of business: universal banking, microfinance, insurance and pensions, and investment banking and wealth management.
Credicorp was established in 1995 through the acquisition of the majority of the common shares of Banco de Crédito del Perú, Atlantic Security Holding Co. and Pacífico Seguros. The company was then listed on the New York Stock Exchange and the common shares have been traded there ever since.
History
Credicorp was founded in 1995 after acquiring the common shares of Banco de Crédito del Perú (BCP), Atlantic Security Holding Corporation and Pacífico Compañía de Seguros y Reaseguros S.A.: 90.1%, 98.2% and 75.8%, respectively. The shares began trading on the New York Stock Exchange after the exchange offering. In 1996, Credicorp acquired the remaining 1.8% of the shares of Atlantic Security Holding Corporation.
In 2012, Credicorp acquired the majority of the shares of Correval (Colombia) and IM Trust (Chile), thus forming the company known today as Credicorp Capital. In 2019, Ultraserfinco was acquired in Colombia.
Today, Credicorp has around 20 million clients at an international level in its different operations.[when?] It has more than 36 thousand employees serving around 10 million clients in universal banking, around 2 million in microfinance, around 5 million clients in insurance, and 2.4 million members in the pension business line.
Grupo Financiero Banorte, S.A.B. de C.V., doing business as Banorte and as Ixe, is a Mexican banking and financial services holding company with headquarters in Monterrey and Mexico City. It is one of the four largest commercial banks of Mexico by assets and loans, and the largest retirement fund administrator (AFORE).
Banco Itaú Unibanco S.A. is a Brazilian financial services company headquartered in São Paulo, Brazil. Itaú Unibanco was formed through the merger of Banco Itaú and Unibanco in 2008. It is the largest banking institution in Brazil, as well as the largest in Latin America, and the seventy-third largest bank in the world. The bank is listed on the B3 in São Paulo and in NYSE in New York.
BDO Unibank, Inc., commonly known as Banco de Oro (BDO), is a Philippine banking company based in Mandaluyong, the Philippines. BDO Unibank is a member of the SM Group and so can be found at SM Malls throughout the country.
Caixa Geral de Depósitos (CGD) is a Portuguese state-owned banking corporation, and the largest bank in Portugal, established in Lisbon in 1876.
HSBC Bank Argentina S.A. is the principal HSBC operating company in Argentina. It is the seventh-largest bank in the country, it provided a full range of banking and financial products and services, including commercial, consumer and corporate banking, to over 1.2 million customers. In April 2024, HSBC reached an agreement to sell its banking operations in Argentina to Banco Galicia. The re-brand process will take around 12 months.
Grupo Aval is a Colombian holding company engaged in a wide variety of financial activities, including banking, telecommunications and real estate; in Colombia and Central America. Grupo Aval is controlled by Luis Carlos Sarmiento, who indirectly owns around 80 percent of its shares.
Mapfre, S.A. is a Spanish multinational insurance company, based in Majadahonda, Madrid. The name comes from the old mutual origin of the company, but the company now only refers to itself as Mapfre. It is the leading insurance company in Spain and the largest non-life insurance company in Latin America.
A banking agent is a retail or postal outlet contracted by a financial institution or a mobile network operator to process clients’ transactions. Rather than a branch teller, it is the owner or an employee of the retail outlet who conducts the transaction and lets clients deposit, withdraw, transfer funds, pay their bills, inquire about an account balance, or receive government benefits or a direct deposit from their employer. Banking agents can be pharmacies, supermarkets, convenience stores, lottery outlets, post offices, and more.
Banco de Crédito del Perú is the largest bank and the largest supplier of integrated financial services in Perú with approximately US$39 billion in total assets and a market share of 30.4% in total loans and 33.5% in total deposits.
The Banco Nacional de Crédito (BNC) is a financial institution Venezuelan with private capital specialized in universal banking. It is headquartered in the El Rosal sector of Caracas.
Banesco Banco Universal C.A. is a Venezuelan financial institution whose principal branch is located in Caracas. The bank is part of the Asociación Bancaria de Venezuela.
Compartamos Banco is a Mexican bank and the largest microfinance bank in Latin America, serving more than 2.5 million clients. The bank was founded in 1990 and is headquartered in Mexico City.
Banco Occidental de Descuento (BOD) (WDB) was a Venezuelan bank. With around 6.6% of the Venezuelan market, it was Venezuela's fifth-largest bank in 2009.
El Pacífico- Compañía de Seguros y Reaseguros S.A. or Pacifico Seguros is a leading insurance and reinsurance company in Peru and one of the largest in Latin America. Pacifico Seguros is a subsidiary of Credicorp, the largest financial holding group in Peru. Its corporate headquarters is located at 830 Juan de Arona Avenue in San Isidro District, Lima.
Banco de Crédito de Bolivia is a banking and financial services company located in Bolivia. It is headquartered in La Paz and is a wholly owned international subsidiary of Banco de Crédito del Perú, Peru's largest bank. BCP Bolivia started its operations in the country following BCP's acquisition of the Bolivian bank Banco Popular. BCP Bolivia provides its products and services through operating 102 branches, 240 ATMs, call centers, and online and mobile banking platforms. Banco de Crédito de Bolivia is currently Bolivia's fourth largest bank by total assets.
Banco Bilbao Vizcaya Argentaria, S.A., better known by its initialism BBVA, is a Spanish multinational financial services company based in Madrid and Bilbao, Spain. It is one of the largest financial institutions in the world, and is present mainly in Spain, Portugal, Mexico, South America, Turkey, Italy and Romania.
Mercantil Servicios Financieros (Mercantil) is a Venezuelan holding company of financial services present in 9 countries in America and Europe. Its shares are listed on the Caracas Stock Exchange and it maintains a Level 1 American Depositary Receipt program (ADR) in the over-the-counter market (OTC) in the United States of America .
Grupo de Inversiones Suramericana is a multilatin company founded in 1945 in Colombia, which is listed on the Colombia Stock Exchange (BVC) and is enrolled in the ADR – Level I program in the United States. It is also the only Latin American entity in the sector Financial Services and Capital Markets, that is part of the Dow Jones Sustainability Indices.
Banco Mercantil Santa Cruz S.A. doing business as Mercantil Santa Cruz is a Bolivian bank and financial services company with headquarters in La Paz. As of 2015, Banco Mercantil Santa Cruz is the largest bank in Bolivia by assets. It is a full-service corporation that provides a wide range of financial products and services to an individual and corporate client base through a national network of operating 93 branches, more than 350 ATMs, call centers, and online and mobile banking platforms.
This page is based on this Wikipedia article Text is available under the CC BY-SA 4.0 license; additional terms may apply. Images, videos and audio are available under their respective licenses.
