Exhibit 99.1

	|	Earnings Release 2Q / 2026	Analysis of 2Q26 Consolidated Results

Table of Contents

Operating and Financial Highlights

03

Senior Management Quotes

04

Second Quarter 2026 Earnings Conference Call

05

Summary of Financial Performance and Outlook

06

Financial Overview

11

Credicorp’s Strategy Update

12

Analysis of 2Q26 Consolidated Results

	|	Earnings Release 2Q / 2026	Analysis of 2Q26 Consolidated Results

Credicorp Ltd. Reports Financial and Operating Results for 2Q26

2Q26 ROE of 20.3% supported by strong operating performance, accelerated loan growth and higher risk-adjusted revenues.

Medium-term ROE expectation increased to around 22.0% from prior ~19.5%; 2026 ROE Guidance Reconfirmed.

Loans up 13.1% YoY, led by BCP and Mibanco, while asset quality improved further, with NPL ratio at 4.1% and Cost of Risk at 1.9%, including additional El Niño-related provisions based on currently available information, equivalent to 27 bps.

Core income at a new quarterly high, while Risk-Adjusted NIM remained resilient at 5.5% supported by lower funding costs, healthy portfolio mix and disciplined pricing.

Innovation Portfolio contributed 9.9% of Credicorp’s risk-adjusted revenues.

Lima, Peru – August 13, 2026 – Credicorp Ltd. (“Credicorp” or “the Company”) (NYSE: BAP | BVL: BAP), the leading financial services holding company in Peru with a presence in Chile, Colombia, Bolivia, and Panama today reported its unaudited results for the three- and six-months ended June 30, 2026. Financial results are expressed in Soles and are presented in accordance with IFRS.

2Q26 OPERATING AND FINANCIAL HIGHLIGHTS

	|	Earnings Release 2Q / 2026	Analysis of 2Q26 Consolidated Results

SENIOR MANAGEMENT QUOTES

	|	Earnings Release 2Q / 2026	Analysis of 2Q26 Consolidated Results
Second Quarter 2026 Earnings Conference Call

Second 2026 EARNINGS CONFERENCE CALL

Date: Friday, August 14^th, 2026

Time: 10:30 am E.T. (9:30 am Lima, Perú)

Hosts: Gianfranco Ferrari – Chief Executive Officer; Alejandro Perez-Reyes – Chief Financial Officer; Francesca Raffo – Chief Innovation Officer; Cesar Rios – Chief Risk Officer; Diego Cavero – Head of Universal Banking and CEO de BCP; Eduardo Montero – Head of Insurance and Pensions and CEO of Pacífico; Rocío Benavides – CFO of Mibanco and the Investor Relations Team.

To pre-register for the listen-only webcast presentation use the following link: https://dpregister.com/DiamondPassRegistration/register?confirmationNumber=10210785&linkSecurityString=104855 53c2f

Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time.

Those unable to pre-register may dial in by calling: 

1 844 435 0321 (U.S. toll free) 

1 412 317 5615 (International)

Participant Web Phone: Click Here

Conference ID: Credicorp Conference Call

The webcast will be archived for one year on our investor relations website at:
https://credicorp.gcs-web.com/events-and-presentations/upcoming-events

For a full version of Credicorp´s Second Quarter 2026 Earnings Release, please visit:
https://credicorp.gcs-web.com/company-reports/quarterly-materials

	|	Earnings Release 2Q / 2026	Analysis of 2Q26 Consolidated Results

Loans in Quarter-end Balances
Total loans measured in quarter-end balances expanded by 4.3% QoQ and 13.1% YoY.   If we exclude the impact of the US Dollar’s depreciation against the sol, loans grew 5.2% QoQ and 14.6% YoY.   Growth was driven primarily by (i) an increase in the loan balance in Consumer and SME-PYME at BCP, which reflects the increase in our risk appetite; (ii) acceleration in short-term loan disbursements in Wholesale Banking at BCP, which was mainly attributable to the fishing sector; and (iii) an uptick in loan disbursements in Mibanco fueled by greater focus on higher-ticket loans, while maintaining the pace of growth in smaller tickets.   The YoY result was driven mainly by (i) an expansion across most Retail Banking Segments at BCP, (ii) an uptick in long-term lending in Wholesale Banking at BCP, and (iii) solid growth in disbursements at Mibanco.
Deposits
The total deposit balance (measured in quarter-end balances) expanded 1.8% QoQ and 17.7% YoY.   If we exclude the impact of the US Dollar’s depreciation against the sol, deposits rose 2.9% QoQ and 19.7% YoY.   QoQ growth was driven mainly by an increase in Demand Deposits in FC at BCP Stand-alone, which rose on the back of an expanded transactional offering that captured funds from institutional clients. YoY, the evolution was fueled by the same QoQ dynamics and by growth in Savings Deposits amid higher liquidity in the system. Low-Cost Deposits rose 25.1% to represent 74.4% of our total deposit base at quarter-end.   At BCP, the Liquidity Coverage Ratio (LCR) in PEN at 30 days stood at 159.1% under regulatory standards and 141.3% by stricter internal standards. The LCR in USD at 30 days stood at 172.9% under regulatory standards and 129.3% under stricter internal standards.

	|	Earnings Release 2Q / 2026	Analysis of 2Q26 Consolidated Results

Net Interest Income (NII) and Net Margin (NIM)
NII expanded 3.4% QoQ, driven mainly by an uptick in Interest and Similar Income, which rose on the back of growth in loan volumes in Retail Banking and at Mibanco. These dynamics were partially offset by an increase in Interest and Similar Expenses associated with growth in time deposits, which increased their share of the funding mix, and by higher Interest on due to banks and correspondents. In this context, NIM stood at 6.63% at quarter-end, posting a 5 bps increase QoQ.   YoY, NII rose 13.3%, fueled mainly by Interest and Similar Income, which rose on the back of an increase in interest on loans after volumes ticked up at both BCP and Mibanco. Interest and Similar Expenses dropped due to a decrease in Interest on due to banks and correspondents, which fell due to lower volumes as some maturing operations were not renewed. In this context, NIM increased by 21 bps YoY, primarily driven by lower funding costs, supported by a lower interest rate environment and growth in low-cost deposits.
Portfolio quality and Cost of Risk
Portfolio quality continued to improve, supported by a favorable economic environment, stronger origination quality, and enhanced monitoring, collections, and recovery capabilities.   QoQ, NPL volumes declined 1.0%, driven mainly by BCP Stand-alone, where the improvement was broad-based across segments.   YoY, NPL volumes fell 7.6%, driven by BCP Stand-alone and, to a lesser extent, Mibanco. At BCP Stand-alone, the decline was mainly explained by Retail Banking and SME-PYME, followed by Wholesale Banking. At Mibanco, the reduction reflected the risk management enhancements implemented since 2024.   As a result, Credicorp’s NPL ratio declined 22 bps QoQ and 91 bps YoY, reaching 4.1% at quarter-end.   Provisions increased 51.7% QoQ and 27.1% YoY, bringing the Cost of Risk (CoR) to 1.9%. This evolution reflects approximately S/106 million in additional provisions related to El Niño risk. Excluding this impact, underlying CoR stood at 1.6%.   QoQ, underlying provisions increased 29.7%, reflecting a normalization in provision expenses. This increase was mainly explained by BCP Stand-alone, in line with growth in Retail Banking and SME-Pyme. At Mibanco, underlying provisions rose due to portfolio growth and a slight increase in write-offs. As a result, Credicorp’s underlying CoR increased to 1.6%, up 33 bps QoQ.

	|	Earnings Release 2Q / 2026	Analysis of 2Q26 Consolidated Results

YoY, underlying provisions rose 8.7%, driven by BCP Stand-alone and, to a lesser extent, by Mibanco. At BCP Stand-alone, provisions were up primarily due to loan expansion in Retail Banking, while Wholesale Banking remained steady. At Mibanco, the uptick in provisions was driven by the same dynamics in play QoQ. All of the above was partially offset by a structural reduction in risk across the main portfolios. The aforementioned, coupled with a scenario where loan growth outpaced expansion in provisions, led Credicorp’s underlying CoR to drop 3 bps YoY.   Other Income   Other Operating Income grew 4.9% QoQ and 19.7% YoY. This performance was primarily driven by BCP Stand-alone and reflected: i) higher fee income, supported by increased transactional activity, particularly through Yape and BCP products; and ii) strong foreign exchange gains, which benefited from a more volatile market environment. The performance of Other Operating Income reflects the consistent execution of our revenue diversification strategy and its reduced dependence on macroeconomic conditions, further strengthening the resilience of our business model.
Insurance Underwriting and Medical Services Results
The Insurance Underwriting Result declined 3.7% QoQ and 17.9% YoY, mainly reflecting a base effect from provision reversals recorded in the second quarter of last year in the Life business, particularly in the D&S line. This was partially offset by healthy organic growth in Credit Life, supported by continued momentum in bancassurance and retail channels, which reinforces its role as a structural growth driver for the business.   The Medical Services result continues to advance with operating and commercial discipline.

	|	Earnings Release 2Q / 2026	Analysis of 2Q26 Consolidated Results

Contributions and ROE by subsidiary in 2Q26 

(S/ millions)

(1) In BCP Stand-alone, the figure is lower than the net profit since the contribution eliminates investment gains in other subsidiaries of Credicorp (Mibanco).

(2) In Mibanco, the figure is less than the net profit because Credicorp owns (directly and indirectly) 99.921% of Mibanco.

(3) The contribution for Grupo Pacifico presented here is greater than the profit of Pacifico Seguros since 100% of Crediseguros is being included (including 48% under Grupo Crédito).

	|	Earnings Release 2Q / 2026	Analysis of 2Q26 Consolidated Results

	|	Earnings Release 2Q / 2026	Analysis of 2Q26 Consolidated Results

(1) Net Interest Margin = Net Interest Income (Excluding Net Insurance Financial Expenses) / Average Interest Earning Assets

(2) Funding Cost = Interest Expense (Does not include Net Insurance Financial Expenses) / Average Funding

(3) Internal Overdue Loans: includes overdue loans and loans under legal collection, according to our internal policy for overdue loans. Internal Overdue Ratio: Internal overdue loans / Total loans.

(4) Non-performing loans (NPL): Internal overdue loans + Refinanced loans. NPL ratio: NPL / Total loans.

(5) Cost of risk = Annualized provision for loan losses, net of recoveries / Average Total loans.

(6) Operating Income = Net interest, similar income and expenses + Fee Income+ Net gain on foreign exchange transactions + Net Gain From associates + Net gain on derivatives held for trading + Result on exchange differences + Insurance Underwriting Result + Medical services result.

(7) Operating Expenses = Salaries and employee benefits + Administrative expenses + Depreciation and amortization + Association in participation + Acquisition cost.

(8) Efficiency Ratio = Operating Expenses / Operating Income.

(9) Regulatory Capital / Risk-weighted assets (legal minimum = 10% since July 2011).

(10) Tier 1 = Capital + Legal and other capital reserves + Accumulated earnings with capitalization agreement + (0.5 x Unrealized profit and net income in subsidiaries) - Goodwill - (0.5 x Investment in subsidiaries) + Perpetual subordinated debt (the maximum amount that can be included is 17.65% of Capital + Reserves + Accumulated earnings with capitalization agreement + Unrealized profit and net income in subsidiaries - Goodwill).

(11) Common Equity Tier I = Capital + Reserves – 100% of applicable deductions (investment in subsidiaries, goodwill, intangibles and net deferred taxes that rely on future profitability) + retained earnings + unrealized gains.

(12) Common Equity Tier I calculated based on IFRS Accounting.

(13) Internal management figures. Since 1Q25, it has included corporate health and medical services employees.

(14) Considers shares held by Atlantic Security Holding Corporation (ASHC) and stock award.

	|	Earnings Release 2Q / 2026	Analysis of 2Q26 Consolidated Results

Credicorp Strategy

Credicorp has strengthened its leadership in the Andean region through a strategy anchored in digital transformation and innovation, talent development, and the integration of sustainability into the core of its business. The company has transitioned into an integrated financial ecosystem—one where the whole is increasingly greater than the sum of its parts—supported by four differentiated growth levers:

1. Prioritizing Leading Market Positions in Underpenetrated Markets with Clear Growth Avenues

Credicorp holds leading positions across mature core businesses in markets that remain structurally underpenetrated. In Peru, low levels of financial inclusion and insurance coverage, together with high informality, continue to create significant room to expand access to financial, payment, insurance, and remittance products and services. This provides a long runway for sustainable growth.

2. Scaling an Integrated Digital Ecosystem

Backed by its innovation portfolio, Credicorp has evolved into an integrated financial ecosystem. The combination of complementary capabilities differentiated distribution channels, and a broad client base allow us to strengthen engagement, accelerate product adoption through cross-selling, and deepen integration across businesses. We will continue to broaden access to financial products and services to advance financial inclusion, with the ambition of incorporating 8 million people into the financial system by 2028.

3. Unlocking Synergies by Leveraging Shared Capabilities Across the Ecosystem

Shared capabilities in technology, data, analytics, artificial intelligence, and risk management constitute a competitive advantage to accelerate value creation at scale. These capabilities strengthen decision-making, enable more personalized customer experiences, generate productivity gains and accelerate innovation, supporting further monetization across the ecosystem.

4. Delivering Strong, Resilient Returns Across Economic Cycles

With decades of disciplined execution, Credicorp has demonstrated its capacity to generate value across economic cycles. The combination of market knowledge and leadership, business diversification, and ecosystem-based competitive advantages strengthen our resilience and supports a sustainable trajectory of profitable growth and long-term value creation.

Main KPIs for Credicorp’s Strategy

(1) Management figures; may differ from previously reported. Figures for June 2025, March 2025, and June 2026.

(2) As a percentage of Credicorp’s total Risk-Adjusted Revenue.

(3) Stock of financially included clients through BCP since 2020: (i) New clients with savings accounts or affiliated to Yape. (ii) New clients without debt in the financial system or BCP products in the last twelve months. (iii) Clients with 3 monthly average transactions in the last three months.

(4) Clients with an active loan.

(5) Amount transacted through Mobile Banking, Internet Banking, Yape and POS /Total amount transacted through Retail Banking.

(6) Includes low-cost funding products (Ahorro Negocio, Ahorro, Cuenta Premio, and Demand Deposits) as a proportion of total funding.

(7) Includes natural and legal clients. New methodological adjustments since 4Q25, related to customers with loan life insurance.

(8) Number of insurance policies issued through digital channels.

	|	Earnings Release 2Q / 2026	Analysis of 2Q26 Consolidated Results

Innovation Portfolio

Credicorp’s innovation portfolio strengthens the group’s existing franchises by scaling digital platforms and deploying capit al with discipline. It diversifies revenue streams, broadens the value proposition, and leverages the ecosystem’s competitive advantages to support the next stage of growth.

Credicorp’s portfolio focuses on high-growth verticals, including Neobanking and services for SMEs, Acquiring, InsurTech, WealthTech and Healthtech, where initiatives are developed at different stages of maturity. The Innovation Committee governs the portfolio through a formal process that prioritizes differentiated value propositions with potential to reshape business models and deliver exponential growth. Capital is allocated dynamically, progress is monitored against defined milestones, and resources are reallocated toward initiatives with greater scalability and return potential. Initiatives cycle through five stages of development: origination, incubation, product-market fit, acceleration, and scaling. Once operating maturity has been reached, they can graduate and integrate into the group’s core businesses.

Initiatives can be incubated within core businesses or be channeled through Krealo, our Corporate Venture Capital arm, which builds outside-in innovation through strategic investments and acquisitions that can strengthen current and future businesses.

The portfolio is managed under a clear financial appetite, allowing for an impact of up to 150 bps on ROE and 350 bps on the efficiency ratio. In addition, it is expected to account for 10% of the group’s risk-adjusted income by 2026.

Neobanking

Within the innovation portfolio, Neobanking was created in April 2026 as a new business unit that brings together Yape, Yape Bolivia, Tenpo and iO under a common operating model. The value hypothesis behind this unit is to accelerate the development of a more integrated digital ecosystem by leveraging shared capabilities, products and data to capture efficiencies, develop synergies and scale the value proposition in a more disciplined way over time. Neobanking brings together scalable digital platforms with strong potential for financial inclusion, monetization and regional expansion, reinforcing the group’s long-term growth thesis.

1. Yape: Scaling profitability with a greater contribution from lending and the ecosystem.

Main management indicators

(1) Management figures.

(2) Yape users that have made at least one outgoing transaction in the measurement month.

(3) Net Promoter Score.

(4) Monthly indicators consider the results of the last month of the quarter for the numerator and denominator.

(5) Quarterly indicators are calculated using the sum of the three months in the period for numerator accounts, and the average of the denominator—based on last month’s data from both the current and previous quarters.

(6) Total Payment Volume.

(7) Gross Merchant Volume includes the following functionalities: Yape Promos, Yape Store, Ticketing, Gaming, Delivery, Buses, Gas, Brand Solutions and Insurance.

	|	Earnings Release 2Q / 2026	Analysis of 2Q26 Consolidated Results

Main Financial Metrics

(1) Management figures.

(2) Includes interest income, interest expense and net provisions.

(3) Includes Other Income recorded in BCP and in Yape Market.

Scale and engagement reinforce Yape’s role in daily financial activity

At the end of 2Q26, Yape continued to consolidate its position in the Peruvian market, as users increasingly relied on the app for daily payments and other financial activities. In this context, Yape is capturing transactions that were traditionally conducted in cash.

The platform maintained strong engagement, reaching an average frequency of 69 monthly transactions per MAU, while NPS stood at 78 points, reflecting solid user satisfaction and trust. These indicators show Yape’s ability to increase recurrence, expand feature adoption, and deepen its relationship with a base of more than 16 million MAUs.

Lending accelerating financial inclusion through a scalable digital proposition

As of 2Q26, the financial business represented 52% of Yape’s total revenues, where Lending led growth and accounted for 28% of this vertical’s total revenues compared to 19% in 2Q25.

At the end of 2Q26, the loan portfolio reached S/1.8 billion, four times the level reported in 2Q25. Loan disbursements have reached 5.6 million clients, expanding access to credit for segments traditionally underserved by the financial system. This growth has been supported by enhanced capabilities in data and advanced analytics, risk management, and digital distribution. With loan penetration at 34% of MAUs, there remains significant room to deepen credit inclusion.

	|	Earnings Release 2Q / 2026	Analysis of 2Q26 Consolidated Results

Growing contribution and strategic relevance for Credicorp

Yape continues to increase its contribution to Credicorp by leveraging scale, engagement and customer insight. As a transvers al distribution platform, it expands the group’s reach into new segments, supports cross-selling and accelerates adoption of financial products and services. This reinforces Yape’s role as a long-term growth engine within Credicorp’s ecosystem.

2. Yape Bolivia: leader in QR transactions in the Financial System

Main management indicators

(1) Management figures.

(2) Yape users that have made at least one outgoing transaction in the measurement month.

(3) Net Promoter Score.

Yape Bolivia represents one of the first tests of regional scalability for the Yape model, leveraging BCP Bolivia’s capabilities to modernize everyday payments and expand financial inclusion in a market with significant digitalization potential. As of 2Q26, it reached 4.5 million users, with MAUs representing 51%, equivalent to approximately one-third of Bolivia’s population. Yape Bolivia leads the QR transaction market with a 26.5% share, up from 23.2% in 2Q25. These results reflect accelerated adoption, consolidate Yape as a relevant player in Bolivia’s digital payments market, and support the replicability of the model in markets with high informality and intensive cash usage.

	|	Earnings Release 2Q / 2026	Analysis of 2Q26 Consolidated Results

Loan Evolution in Quarter-end balances

This quarter, total loans in quarter-end balances increased 4.3% and 13.1%, QoQ and YoY, respectively. If we exclude the US Dollar’s depreciation against the Sol, which provides a better view of commercial performance, loans in quarter-end balances rose 5.2% QoQ and 14.6% YoY. In BCP Bolivia, the loan portfolio increased, primarily reflecting a positive base effect related to the exchange rate used to value the balance sheet in the same period last year. Accounting adjustments implemented since 1Q25 have helped mitigate the impact on Credicorp’s consolidated results of both foreign exchange volatility and the recent transition to a flexible ex change rate regime in Bolivia.

Total Loans (in Quarter-end balances)

For consolidation purposes, loans generated in Foreign Currency (FC) are converted into Local Currency (LC).

(1) Includes eliminations for intercompany transactions.

QoQ, the evolution of loans with a neutral exchange rate was driven mainly by BCP Stand-alone (+5.5%), and to a lesser extent by Mibanco (+4.4%) and Mibanco Colombia (+15.4%). At Mibanco, loan expansion was fueled by greater focus on higher-ticket loans, while maintaining the pace of growth in smaller tickets. At Mibanco Colombia, loans ticked up due to growth in sales productivity in a context that is more favorable for microfinance.

YoY, the evolution of loans with a neutral exchange rate was fueled primarily by BCP Stand-alone (+12.3%), followed by BCP Bolivia (+63.2%), Mibanco (+15.0%) and Mibanco Colombia (+55.1%). At BCP Bolivia, the result reflects the base effect related to the exchange rate used to revalue the balance sheet, as explained previously. At Mibanco, loans rose on the back of an uptick in disbursements. This reflects an increase in our risk appetite in a more dynamic environment for microfinance. At Mibanco Colombia, growth was spurred by the same factors outlined in the QoQ analysis.

	|	Earnings Release 2Q / 2026	Analysis of 2Q26 Consolidated Results
01. Loan Portfolio

Next, we will analyze loan dynamics by segment at BCP Stand-alone:

QoQ: Total Loans by Segment at BCP Stand-alone (Quarter-end balances)

For consolidation purposes, loans generated in Foreign Currency (FC) are converted into Local Currency (LC).

(1) Includes other assets and accruals.

QoQ, total loans in quarter-end balances at BCP Stand-alone increased 5.5% with a neutral exchange rate. This growth was driven mainly by Retail Banking (+6.4%), and secondarily by Wholesale Banking (4.7%). In Retail Banking, expansion was fueled by Individuals and SME-Pyme, where upticks were spurred by the following segments:

In Wholesale Banking, loan growth was primarily through Middle Market Banking, which reported an increase in short-term disbursements for the fishing campaign (which was postponed earlier this year due to the adverse impact of the El Niño phenomenon). Corporate loans, which rose due to an increase in the balance for foreign trade transactions, also contributed to Wholesale Banking’s evolution, albeit to a lesser extent.

YoY: Total Loans by Segment at BCP Stand-alone (in Quarter-end balances)

For consolidation purposes, loans generated in Foreign Currency (FC) are converted into Local Currency (LC).

(1) Includes other assets and accruals.

YoY, total loans in quarter-end balances at BCP Stand-alone increased 12.3% with a neutral exchange rate. This growth was driven mainly by Retail Banking (+12.5%), followed by Wholesale Banking (+12.1%).

	|	Earnings Release 2Q / 2026	Analysis of 2Q26 Consolidated Results
01. Loan Portfolio

In Retail Banking, all segments, except SME Business (which was impacted by resegmentation to migrate some clients to Wholesale Banking), evolved positively year-over-year, fueled by the same dynamics in play QoQ and an uptick in economic momentum.

In Wholesale Banking, growth was fueled primarily by an increase in disbursements of medium and long-term loans, which was driven by a more favorable macroeconomic environment and a consequent uptick in private investment.

YoY evolution of Loan Dollarization (in Quarter-end balances)

(1) Participation in FC loans at the Credicorp level considers BCP Stand-alone, Mibanco, Mibanco Colombia, BCP Bolivia and ASB.

YoY, the loan dollarization level dropped 9 bps on the back of growth in LC loans (+11.1%), mainly in Retail Banking, which was partially offset by loan growth in FC (+14.9%), mainly in Wholesale Banking.

Loan Evolution in Average Daily Balances

Total loans measured in average daily balances (ADB) rose 5.9% and 10.3%, QoQ and YoY, respectively. It is important to note that figures for loans in ADB are taken from internal management balances.

For more details on loan dynamics in ADB, see Annex 12.1.

	|	Earnings Release 2Q / 2026	Analysis of 2Q26 Consolidated Results

In 2Q26, Total Deposits increased 1.8% and 17.7%, QoQ and YoY, respectively. Excluding the sol’s appreciation against the US dollar, the deposits balance rose 2.9% QoQ and 19.9% YoY, reflecting the following dynamics:

(1) Includes: Demand and Saving deposits.

QoQ, our Total Deposits balance grew 1.8% (2.9% FX neutral), driven mainly by:

YoY, our Total Deposits balance grew 17.7% (19.9% FX neutral) driven mainly by:

Growth in our Low-cost Deposits reflects sustained efforts to differentiate our transactional offering, supported by investment in digital infrastructure and closer relationships with our clients. This has favored deposit captures in a high-liquidity environment for the financial system. At the end of Jun-26, Low-cost Deposits represented 74.4% of total deposits, up 440 bps YoY.

	|	Earnings Release 2Q / 2026	Analysis of 2Q26 Consolidated Results
02. Deposits

Deposit Dollarization Level

Deposits by currency and type

(measured in period-end balances)

Loan / Deposit (L/D ratio)

YoY, the L/D ratio dropped 448 bps at BCP Stand-alone, driven mainly by stronger growth in Low-cost Deposits amid a higher-liquidity environment, where we captured deposits from both wholesale and retail clients. At Mibanco, the ratio rose 1045 bps, driven by the loan growth described in the QoQ analysis. This increase was offset by growth in Savings Deposits, driven by the same dynamics seen QoQ.

	|	Earnings Release 2Q / 2026	Analysis of 2Q26 Consolidated Results
02. Deposits

In that context, Credicorp’s L/D ratio stood at 87.5%.

L/D Ratio in Local Currency	L/D Ratio in Foreing Currency

	|	Earnings Release 2Q / 2026	Analysis of 2Q26 Consolidated Results

3.1. IEA

QoQ, IEA expanded 1.6%. This evolution was fueled mainly by growth in the loan balance, which was driven by the dynamics explained in chapter 1. Loan Portfolio. The uptick in the balance for investment under a strategy to capitalize on surplus liquidity also drove the increase in IEA, albeit to a lesser extent.

YoY, IEA expanded 12.2%. This evolution was attributable to the following factors, in order of impact: i) an increase in the Loa n balance, driven mainly by BCP Stand-alone (both Retail and Wholesale Banking) and to a lesser extent, by Mibanco; ii) growth in the balance of the investment portfolio, which was fueled by the same dynamics explained in the QoQ analysis; and iii) growth in Cash and due to banks, which was spurred by our investment strategy to capitalize surplus liquidity from an uptick in transactional activity among corporate clients at BCP.

3.2. Funding

QoQ, funding rose 3.5%, driven mainly by an increase in Deposits and Obligations, which mainly reflects growth in Low-cost Deposits, and, to a lesser extent, by an uptick in Time deposits. Expansion in low-cost deposits was fueled by an increase in transactional activity among corporate clients, reflecting BCP’s solid principality and robust transactional offering. The balance for BCRP instruments rose, fueled by a base effect driven by the monetary entity’s decision in March to reduce repurchase agreement offerings in a high-liquidity environment.

YoY, Funding increased 14.7%, fueled mainly by growth in the balance for Deposits and Obligations, which rose on the back of expansion in low-cost deposits following inflows of funds from pension fund withdrawals. Growth in the deposit balance was partially offset by a reduction in the balance for Repurchase agreements with clients and third parties, and in BCRP instruments.

	|	Earnings Release 2Q / 2026	Analysis of 2Q26 Consolidated Results

(1) For further details on the NIM and Cost of Funds calculation, please refer to Annex 12.8.

QoQ, Net Interest Income (NII) increased 3.4%. This result was driven mainly by growth in Interest and Similar Income as Interest on loans ticked up alongside growth in volumes in Retail banking at BCP and at Mibanco. Interest and Similar Expenses partially offset the increase in Interest and Similar Income, primarily reflecting higher funding costs associated with growth in time deposits and funding opportunities through Due to banks and correspondents.

YoY, NII rose 13.3%. This evolution was driven mainly by growth in Interest and Similar Income and secondarily, by a drop in Interest and Similar Expenses. The uptick in Interest and Similar Income was driven mainly by an uptick in interest on loans, which rose on the back of growth in volumes at BCP and Mibanco, and secondarily by an increase in interest on securities. The decline in Interest and Similar Expenses over the period was fueled by a decrease in Interest on Due to banks and correspondents, due to the maturity of certain transactions that were not renewed.

YTD, NII rose 12.1%, driven primarily by growth in Interest and Similar Income and secondarily, by a decrease in Interest and Similar Expenses. The increase in Interest and Similar Income was fueled mainly by the same dynamics seen YoY. The evolution of Interest and Similar Expenses over the period was spurred primarily by a drop in Interest expenses for Due to banks and correspondents and to a lesser extent, for deposits. 

	|	Earnings Release 2Q / 2026	Analysis of 2Q26 Consolidated Results
04. Net Interest Income (NII)

Net Interest Margin   NIM increased 21 bps YoY to stand at 6.63% at the end of 2Q26. This expansion was driven mainly by a 29-bps reduction in the cost of funding, which dropped alongside declining interest rates and a shift in the funding mix toward low-cost deposits. The IEA yield remained relatively stable given that the rise in loans’ share of the mix was offset by growth in Cash and due from banks. Risk-adjusted NIM stood at 5.49% at the end of 2Q26 (+5 bps YoY).

Dynamics of the Net Interest Margin by Currency

(1) Unlike the NIM figure calculated according to the formula in Appendix 12.8, the NIM presented in this table includes “Financial Expense associated with the insurance and reinsurance activity, net”.

QoQ analysis

QoQ, Net Interest Income (NII) rose 3.4%, driven mainly by growth in NII in LC and secondarily, in FC. IEA in LC represented 56.5% of total IEA at the end of 2Q26 and accounted for 72.3% of interest income generated this quarter.

Local Currency Dynamics (LC)

NII in LC increased 3.5%. This evolution was driven by growth in interest income, which rose after growth in loan volumes at BCP and Mibanco drove an increase in interest on loans. Interest expenses ticked up on the back of a rise in expenses for deposits, which

	|	Earnings Release 2Q / 2026	Analysis of 2Q26 Consolidated Results
04. Net Interest Income (NII)

increased primarily through an uptick in time deposits’ share of the funding and secondarily, through growth in expenses for BCRP and Banks, which was impacted by an increase in BCRP repos.

Foreign Currency Dynamics (FC)

NII in FC increased 2.9% QoQ. This growth was fueled mainly by (i) growth in income on Loans, which was driven primarily by an increase in loan volumes, mainly in Wholesale Banking at BCP and (ii) an uptick in income from Investments. Growth in expenses in FC was driven mainly by higher expenses for deposits, mainly through Wholesale Banking at BCP.

YoY Analysis

YoY, NII rose 13.3%, driven primarily by an increase in NII in LC and to a lesser extent, in FC.

Dynamics in Local Currency (LC)

NII in LC increased 14.4% YoY, fueled mainly by growth in interest income and a drop in interest expenses. These results were driven by the following dynamics:

Interest income rose primarily through growth in interest on Loans, which increased alongside growth in loan volumes at BCP and Mibanco. Growth in Investment income, which was boosted by our strategy to take advantage of market opportunities, was a secondary driver in the uptick in interest income. In this context, the IEA yield in LC reported an increase of 18 bps at quarter-end.

Interest expenses fell in 2Q26, driven downward by an increase in low-cost deposits’ share of the funding mix, which was fueled by inflows from pension fund withdrawals. It is important to note that in a high-liquidity environment, our balance for BCRP and Banks fell, spurred by both a drop in the number of repurchase agreements offered by BCRP and a decrease in funding needs. The funding cost in LC dropped 28 bps to stand at 2.4% at quarter-end.

Foreign Currency Dynamics (FC)

NII in FC rose 9.6% YoY on the back of the following dynamics:

Interest income rose year-over-year. This evolution was driven mainly by growth in interest on loans, which rose alongside an uptick in Wholesale Banking volumes at BCP. IEA in FC dropped YoY, fueled primarily by a shift in the mix where Cash and due from banks, which offer lower yields than loans, increased their share of the mix. This mix effect diluted the IEA yield in FC, which fell 26 bps over the period to stand at 5.3%.

Interest expenses in FC fell, impacted by a decrease in rates. As a result, the cost of funding in FC dropped 24 bps to stand at 2.5%.

YTD Analysis

YTD, NII rose 12.1%, driven by growth in both LC and FC.

Dynamics in local currency (LC)

NII in LC grew 13.9%. This evolution was driven mainly by growth in interest income and secondarily by a drop in interest expenses. On the income side, the increase was fueled by higher income from loans, which rose through the same dynamics that drove the YoY improvement. In the case of expenses, the drop was driven by a decrease in expenses for Deposits, which was spurred by the same factors that drove the YoY evolution.

Dynamics in foreign currency (FC)

NII in FC rose 6.1%, driven mainly by an increase in interest income, which was fueled by growth in income from Loans (through the same dynamics seen YoY). The drop in interest expenses, which was led by a decrease in interest from due to banks, was a secondary driver of NII growth in FC.

	|	Earnings Release 2Q / 2026	Analysis of 2Q26 Consolidated Results

Portfolio quality indicators continued to show broad-based improvement across segments, reflecting sustained progress in the main portfolios. These advances are supported by stronger risk management capabilities, as we leverage data, analytics and more sophisticated tools to bolster origination, monitoring and collections.

5.1 Portfolio Quality

Quality of Total Loans (in quarter-end balances)

QoQ, NPLs dropped 1.0%, led primarily by BCP Stand-alone. Writes-offs fell 37.1% due to a base effect, given that extraordinary write-offs were reported in 1Q26 for loans in the judicial recovery stage at BCP Stand-alone.

QoQ, the decline in NPLs at BCP Stand-alone was broad-based across most segments, as detailed below. This was supported by better origination, enhanced analytics, and more effective collection capabilities. Higher-yield segments continued to grow under a controlled risk approach, while normalization in fast-growing products remained within expected levels. At Mibanco, the NPL portfolio increased slightly, mainly due to a higher volume of refinanced loans.

YoY, NPLs dropped 7.6%, led primarily by BCP Stand-alone and secondarily by Mibanco. Write-offs declined 7.8%, reflecting an uptick in recovery levels at BCP Stand-alone.

YoY, portfolio quality trends remained favorable, supported by a sustained reduction in NPL volumes, with improved payment dynamics and stronger performance of new vintages. The improvement was led by BCP Stand-alone, particularly in Retail Banking, and to a lesser extent by Wholesale Banking. At Mibanco, the improvement was driven by a lower overdue portfolio, supported by origination and collection enhancements implemented since 2024. As of 2Q26, 85% of new originations corresponded to lower-risk loans. This positive performance was partially offset by BCP Bolivia, whose indicators remained affected by the macroeconomic environment and regulatory measures.

	|	Earnings Release 2Q / 2026	Analysis of 2Q26 Consolidated Results
05. Portfolio Quality and Provisions

	|	Earnings Release 2Q / 2026	Analysis of 2Q26 Consolidated Results
05. Portfolio Quality and Provisions

5.2 Provisions and Cost of Risk (CoR) for Total Loans 

While Peru’s economy remains resilient and El Niño’s impact has been concentrated in specific sectors and regions, current forecasts suggest the strongest effects could materialize in early 2027, particularly in the first quarter. Based on currently available information, the Group recorded approximately S/106 million in additional El Niño-related provisions, driving provision expenses up 51.7% QoQ and 27.1% YoY, and bringing CoR to 1.9%. Excluding the 27 bps impact from these provisions, underlying CoR stood at 1.6%, supported by continued improvements in portfolio quality, origination and early collections. The following section analyzes the underly ing evolution of provisions and cost of risk.

QoQ, underlying provisions increased 29.7%. This evolution reflects a partial normalization of Cost of Risk, driven by loan growth, primarily at BCP Stand-alone and led by Consumer, Yape, and SME-Pyme, where expansion in higher-yield portfolios generated higher provisioning needs, consistent with their risk-return profile. In Wholesale Banking, the increase in provision expenses was fueled by specific corporate cases and was partially offset by recoveries and reversals. The uptick in provisions was partially offset by lower expenses for provisions in Credit Cards. At Mibanco, provisions rose alongside loan growth and a slight increase in write-offs. 

		Cost of Risk by Subsidiary
YoY, underlying provisions increased 8.7%, driven primarily by BCP Stand-alone and, to a lesser extent, Mibanco. At BCP Stand-alone, growth was fueled by loan expansion in Retail Banking. This effect was partially mitigated by improvements in portfolio quality, where default levels have fallen and vintages have improved through better collections management. In Wholesale Banking, provision expenses remained contained, supported by favorable developments in the risk profile of certain relevant exposures. At Mibanco, growth in YoY provisions was driven by the same factors that drove the QoQ evolution. In this context, and given that loan growth outpaced provisions, Credicorp’s underlying CoR decreased 3 bps YoY.

YTD, underlying provisions declined 4.3%, driven by BCP Stand-alone and reflecting the same dynamics observed YoY. As a result, Credicorp’s underlying CoR decreased 19 bps, reaching 1.4%.

QoQ Cost of Risk Evolution	YoY Cost of Risk Evolution
(1) Others include BCP Bolivia, Mibanco Colombia, ASB and eliminations.	(1) Others include BCP Bolivia, Mibanco Colombia, ASB and eliminations.

	|	Earnings Release 2Q / 2026	Analysis of 2Q26 Consolidated Results
05. Portfolio Quality and Provisions

YTD Cost of Risk Evolution 

(1) Others include BCP Bolivia, Mibanco Colombia, ASB and eliminations.

NPL Coverage Ratio (in Quarter-end balances)

		NPL Coverage Ratio
The Total NPL Coverage Ratio at Credicorp stood at 117.3% at the end of 2Q26.   QoQ, the NPL Coverage Ratio increased, driven by a reduction in NPLs and an increase in loan loss allowances. The level remains solid and strengthens the balance’s ability to absorb potential adversity. At BCP Stand-alone, the improvement was supported mainly by Retail Banking, where an improvement in portfolio quality helped sustain healthy coverage in a context marked by loan growth.   YoY, the coverage ratio registered significant improvement, which was driven mainly by a drop in NPL volumes at BCP Stand-alone. This evolution was positively impacted by the consolidation of measures adopted in 2024 to improve origination, monitoring and early recovery and by a more favorable macroeconomic environment.