Credicorp (BAP) has released an update.
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Credicorp Ltd. recently presented its 2024 Strategic Update, showcasing its path to achieving a sustainable 18% return on equity (ROE) through digital innovation, customer engagement, and operational efficiency improvements. The company has set a target to source 10% of its risk-adjusted revenues from new business models by 2026. Key highlights include BCP’s strong performance with a 23.7% ROE in the first half of the year and the digital payment platform Yape reaching break-even in May 2024.
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