Credicorp (BAP) has released an update.
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Credicorp Ltd. has reported its financial outcomes for the second quarter of 2024, announcing a robust return on equity (ROE) of 16.2% and signaling confidence in achieving its annual guidance. Despite a challenging macroeconomic environment, the company has seen growth in its loan portfolio and a diverse income stream, with significant year-over-year rises in both Net Interest Income and Other Core Income. Moreover, its digital payment platform, Yape, has exceeded expectations by reaching break-even well ahead of schedule, marking a significant milestone for the company.
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