- In 2024, 541,000 people received their first loan through Yape, thereby entering the formal financial system.
- Between 2020 and 2024, Credicorp financially included 5.7 million people throughout Peru through Yape and BCP.
Lima, May 13, 2025. Credicorp, a leading financial holding companyin Peru with a presence in Colombia, Chile, Bolivia, Panama, and Miami, presented its sustainability report. The group reported that 541,000 people were included in the formal financial system through loans granted through Yape.
Between 2020 and 2024, the group included 5.7 million people in the formal financial system. The main drivers of financial inclusion were Yape and BCP, through enrollment and use of the mobile app and the opening of savings accounts, respectively. Fifty percent of those financially included during this period were women.
“Through Credicorp’s Financial Inclusion Index, we monitor progress in this area. For example, we identified that 28% of the Peruvian adult population is at the advanced level of financial inclusion, almost double the figure in 2021, when only 15% were at that level. This means that almost a third of Peruvians use financial tools efficiently and frequently. However, there is still a long way to go,” said Darice Gubbins, Credicorp’s Sustainability Leader.
For its part, Mibanco banked more than 58,000 people in 2024, 62% of whom were women. Furthermore, advancing its efforts to democratize access to insurance, Pacífico issued more than 3.6 million inclusive insurance policies last year. These policies, so named because they offer more affordable premiums of between S/1 and S/30, have protected more than 2.4 million people.
Commitment to financial education
During 2024, BCP’s behavioral change programs helped more than 345,000 clients improve their financial behavior by overcoming debt, regularizing their late payments, and overcoming credit card overdrafts. In addition, Yape provided training to more than 165,000 people in personal finance and small business management.
“ Our financial education programs seek to encourage individuals, businesses, and society in general to adopt increasingly healthy financial behaviors that contribute to their long-term financial well-being . In this way, we generate a positive and lasting impact, ” highlighted Darice Gubbins, Credicorp’s Sustainability Leader.
Meanwhile, Pacifico Seguros´ Comunidad Segura program reached 88,000 people and strengthened its risk prevention culture, with 93% of participants identifying safe areas in their homes in case of an emergency. Additionally, through Credicorp Capital’s Invirtiendo Futuros program, corporate volunteers provided specialized financial mentoring to high-impact companies.
Boosting sustainable finance
In 2024, Credicorp disbursed more than US$1.5 billion in sustainable loans through BCP, promoting environmentally and socially responsible business practices. The bank also awarded its first Sustainability Award. A US$100 million Sustainability Linked Loan (LLO) was provided to a mining company to finance the development of its operations in the country. Its indicators include efficient water management and other social issues.
The group expanded its carbon footprint measurement to include its priority portfolios, such as BCP’s wholesale banking and the investment portfolios of Prima AFP and Pacífico Seguros. It also published its second Task Force report. Force on Climate-related Financial Disclosures (TCFD) . In it, it presented progress on various climate management fronts, including the results of its own carbon footprint measurement, which showed a 23% reduction in net emissions compared to the 2022 base year, in line with its commitment to achieving carbon neutrality in its operations by 2032.
Continuous integration into the strategy
The holding companycontinually seeks to integrate and align its sustainability strategy with its corporate strategy. Thus, in 2024, after creating the position of Chief Strategy Officer (CSO),the Sustainability Office became his responsibility, demonstrating the high level of integration with the group’s strategy.
“Our sustainability strategy is supported by strong corporate governance, which integrates this vision into senior management decision-making. In fact, in the executive segment’s compensation model, we have specific indicators linked to sustainability,” commented Darice Gubbins, Credicorp’s Sustainability Leader.
The sustainability report is available here .
About Credicorp
Leading financial services holding company in Peru with a presence in Bolivia, Chile, Colombia, the United States, and Panama. It offers a diverse portfolio of services organized into four business lines: Universal Banking, through Banco de Crédito del Perú – BCP and Banco de Crédito de Bolivia; Microfinance, through Mibanco and Mibanco Colombia; Insurance and Pension Funds, through Grupo Pacifico and Prima AFP; and Investment Consulting and Management, through Credicorp Capital and ASB Bank Corp. Additionally, through Krealo , the Group’s corporate venture capital firm, it creates, invests in, and manages fintech companies in the region.