AMAL vs BAP

AMAL Material

Annual filing released 2025-03-06 · GPT 6 Luna

As of December 31, 2024, we had over 1,000 custody accounts with $35.02 billion in assets under custody and approximately 500 investment management accounts with $14.62 billion in assets under management. For the years ended December 31, 2024 and December 31, 2023, we generated $15.2 million and $15.2 million of investment and trust fees, respectively.

Trust and Investment Management Business We have been dedicated to serving the investment needs of our institutional clients for more than 40 years. We are committed to fostering strong client relationships and unparalleled understanding of our clients’ goals and objectives. Our investment strategies consist of both index and actively-managed portfolios spanning across Equity and Fixed Income asset classes. As of December 31, 2024, we had $35.02 billion of assets under custody and $14.62 billion of assets under management. The growth of our commercial banking business has fueled the continued growth of our trust and investment management business, as approximately one-third of our trust and investment management clients utilize our deposit products. Our existing commercial clients have large trust and investment management needs.

BAP Material

Annual filing released 2025-04-25 · GPT 6 Luna

Credicorp Capital Asset Management performs investment management and advisory activities, and distribution of third-party funds. Through our regional platform, Credicorp Capital Asset Management offers a wide array investment product for retail, high-net-worth and corporate and institutional clients including mutual funds or collective investment funds, funds and investment trusts, portfolios or mandates, and structured products that invest in fixed income, listed equity, mixed income and alternative assets.

Our Asset Management business is divided into 4 teams: Investments, Alternative Investments, Institutional Distribution, and Investment Products. Management builds on a matrix, with regional team leaders and country leaders in Chile, Colombia, and Peru, where our teams are based. The local presence of our team, coupled with an extensive network of local and regional contacts, enables us to have a profound understanding of the dynamics of the Latin American market. • Investments: We manage mutual funds and mandates in fixed income, equity and mixed income assets in Chile, Colombia, and Peru, as well as offshore funds based in Cayman and Luxembourg for international clients. • Alternative investments: We offer alternative investments in real estate assets, private debt and infrastructure. •

AMAL Core

Annual filing released 2025-03-06 · GPT 6 Luna

Although we are no longer majority union-owned, the Amalgamated Clothing Workers of America’s successor, Workers United, an affiliate of the Service Employees International Union that represents workers in the textile, distribution, food service and gaming industries, remains a significant stockholder, holding approximately 37% of our equity as of December 31, 2024. We are a full-service commercial bank offering a complete suite of commercial and retail banking products, investment management and trust and custody services, and lending services. We generate relationship deposits from our values-based commercial clients and consumer customers.

Our corporate divisions include Commercial Banking, Trust and Investment Management and Consumer Banking. Product line includes residential mortgage loans, C&I loans, CRE loans, multifamily mortgages, consumer loans (predominantly residential solar) and a variety of commercial and consumer deposit products, including non-interest bearing accounts, interest-bearing demand products, savings accounts, money market accounts and certificates of deposit. We also offer online banking and bill payment services, online cash management, safe deposit box rentals, debit card and ATM card services and the availability of a nationwide network of ATMs for our customers. We currently offer a wide range of trust, custody, and investment management services, including asset safekeeping, corporate actions, income collections, proxy services, account transition, asset transfers, and conversion management.

BAP Core

Annual filing released 2025-04-25 · GPT 6 Luna

Our Universal Banking LoB, which focuses on lending and transactional business, is organized into (i) retail banking activities, including our Individuals, SME-Business, SME-Pyme (small and micro firm) segments, which are carried out by BCP Stand-alone’s Retail Banking Group (RBG) and Yape; (ii) wholesale banking activities, including our corporate and middle-market banking business segments, which are carried out by BCP Stand-alone’s Wholesale Banking Group (WBG); (iii) treasury activities, including asset and liabilities management (ALM); sales and trading; and foreign exchange and derivatives distribution, which are carried out by BCP Stand-alone’s Treasury function; and (iv) wholesale and retail banking activities in Bolivia, which are carried out by BCP Bolivia.

The majority of our banking business is carried out through BCP Stand-alone, the leading bank in Peru by loans and deposits with close to 29% market share in loans and 32% market share in deposits according to the SBS. We conduct banking activities in Bolivia through BCP Bolivia, a full-service commercial bank. 70 Table of Contents 2.1.1 BCP Stand-alone (I) BCP Stand-alone’s Overview

AMAL Core

Annual filing released 2025-03-06 · GPT 6 Luna

Although we are no longer majority union-owned, the Amalgamated Clothing Workers of America’s successor, Workers United, an affiliate of the Service Employees International Union that represents workers in the textile, distribution, food service and gaming industries, remains a significant stockholder, holding approximately 37% of our equity as of December 31, 2024. We are a full-service commercial bank offering a complete suite of commercial and retail banking products, investment management and trust and custody services, and lending services. We generate relationship deposits from our values-based commercial clients and consumer customers.

We further develop new and existing relationships through our trust, custody, and investment management services, which generate fee income, and we also offer investment, brokerage, asset management, and insurance products to our retail customers through a third-party broker dealer.

BAP Core

Annual filing released 2025-04-25 · GPT 6 Luna

In March 2025, Jorge Giraldo was appointed as Chief Information Security Officer (CISO) for BCP. Mr. Giraldo will report to BCP’s Head of Non-Financial Risk and to Credicorp's Corporate CISO. The appointment will become effective in May 2025. 4. B Business Overview (1) Credicorp Overview Credicorp is the financial services holding company with the longest continuous operations in Peru with over 135 years of experience in the financial sector. We are organized into four LoBs: (1) Universal Banking, (2) Insurance and Pensions, which mainly serves the overall Peruvian market, (3) Microfinance, and (4) Investment Management and Advisory, which has a strong presence in Latin America; and its Corporate Venture Capital, Krealo.

As of and for the year ended December 31, 2024 External income (1) Net interest, similar income and expenses Non-interest income, net (2) Total assets (Soles in millions, except percentages) Amount % Total Amount % Total Amount % Total Amount % Total Universal Banking BCP Stand-alone 19,176 69.8 10,815 76.6 4,831 63.5 194,921 76.1 BCP Bolivia 924 3.4 353 2.5 254

AMAL Not tagged

Annual filing released 2025-03-06 · GPT 6 Luna

This activity has no positive tag in the selected filing snapshot.

BAP Material

Annual filing released 2025-04-25 · GPT 6 Luna

According to the SBS, Grupo Pacífico had the second largest market share in Peru’s P&C sector (21.3%) in 2024, which is higher than its 20.7% market share in 2023. Grupo Pacífico’s written premiums increased 7.4% from 2023, which is higher than Peru’s average growth rate of 4.1%. The increase in Grupo Pacífico’s written premiums was mainly driven by P&C risks premiums (which increased 10.1% from 2023), due to civil liability insurance premiums, fire risk, and theft insurance for credit cards; SOAT (which increased 69.7% from 2023), due to higher sales in Yape, Medical Assistance (which increased 3.4% from 2023) due to higher sales in oncological products, and cars premiums (which increased 3.7% from 2023), through higher premium subscriptions in the bancassurance, brokers and digital channels.

We seek to offer a personalized "ASU" experience for the high-value segment, 100% digital experiences for retail customers, and an exceptional claims journey powered by technology and AI. 93 Table of Contents We currently have an NPS of 39.7 (compared to 35.9 in 2023) and a claims NPS of 58.8 (compared to 53.0 in 2023), along with AI-powered claims approval for vehicle, home, and life insurance products. Strategic Enablers: • In 2024, these enablers have driven innovation and operational efficiency: o

AMAL Not tagged

Annual filing released 2025-03-06 · GPT 6 Luna

This activity has no positive tag in the selected filing snapshot.

BAP Material

Annual filing released 2025-04-25 · GPT 6 Luna

Our Capital Markets business unit has an active role in secondary markets, particularly in equity and fixed-income products, as well as in currencies and derivative instruments. We offer brokerage and custody services for securities to institutional, corporate, and individual customers in Chile, Colombia, Peru, Panama, and the United States. We provide advisory and information services, equipping our customers with decision-making tools such as market analysis and stock advisory. Our participation in the placement of equity and debt instruments is also relevant (primary market) for corporate issuances in local markets. We also manage arbitrage, directional, and relative value strategies for proprietary position trading in Chile, Colombia, Peru, and ASB.

In capital markets, our brokerage house in Peru held the second largest market share in equities (22.3% of traded value) and the largest in fixed income (49.5% of traded volume), excluding the volumes outside of the stock market, according to the BVL. Similarly, our brokerage company in Colombia held the largest market share among brokers in equities (21.5% of traded value) and the largest in fixed income (23.8% of traded volume) according to the Colombian Stock Exchange. In Chile, we held the seventh largest market share in equities (5.1%) and the fifth largest in fixed income proprietary accounts (6.08%), in terms of traded volume, according to the Santiago Stock Exchange. 119 Table of Contents Trust Services

AMAL Not tagged

Annual filing released 2025-03-06 · GPT 6 Luna

This activity has no positive tag in the selected filing snapshot.

BAP Material

Annual filing released 2025-04-25 · GPT 6 Luna

As of December 2024, Yape had over 17.3 million users, facilitating an average of +700 million monthly transactions and transferring S/279.4 billion annually. More than 79% of users actively used Yape, completing an average of 51 transactions per month (+44% compared to 2023). By the end of the year, more than 3.6 million small businesses were affiliated with Yape, reflecting its expanding role as a trusted platform for merchants nationwide. Additionally, in 2023, we achieved interoperability with Peru’s largest banks and other financial institutions, enabling seamless transactions between different wallets and financial institutions. These efforts culminated in a 79% NPS by the end of 2024, underscoring strong user satisfaction and loyalty.

Our strategy is built around three core lines of business: Payments, Financials, and E-commerce. These businesses are aligned with our primary objectives of (i) driving financial inclusion, (ii) meeting our users' needs, and (iii) embedding Yape into their everyday lives. This approach has not only solidified Yape’s role as the leading digital platform for financial inclusion but also enabled us to build a sustainable and scalable business, achieving break-even during 2024. On the Payments front, Yape began its monetization journey in 2021 with mobile top-ups. In 2023, the Bill Payments feature was launched, which totaled 127.1 million transactions in 2024, a 269.6% increase from 2023. These innovations reinforce Yape’s position as the leading payment network in Peru.

AMAL Not tagged

Annual filing released 2025-03-06 · GPT 6 Luna

This activity has no positive tag in the selected filing snapshot.

BAP Material

Annual filing released 2025-04-25 · GPT 6 Luna

In January 2019, Grupo Crédito S.A. incorporated Tenpo S.P.A. (formerly Krealo S.P.A.) in Chile with the purpose of constituting investments in companies, real estate and movable capital. Tenpo S.P.A. acquired 100% of Tenpo Technologies S.P.A., a company dedicated to the commercialization of services, digital products, information technology and telecommunications, and 100% of Tenpo Prepago S.A. (formerly Multicaja Prepago S.A.), a company dedicated to the issuance and operation of prepaid cards. Tenpo S.P.A. has evolved into Credicorp’s digital wallet in Chile and is in the process of becoming a digital bank. For further information about this process, see “ITEM 4. INFORMATION ON THE COMPANY - 4. A History and development of the Company - Subsequent Events” section.

In January 2019, Grupo Crédito S.A. acquired 91.36% of Compañia Incubadora de Soluciones Moviles S.A. (Culqi). Currently, Grupo Crédito S.A. directly and indirectly owns 100% of Culqi. Culqi was created in December 2013 and is mainly engaged in the development and operation of an online payment technology platform for digital businesses, which is primarily managed by Krealo. In March 2019, Credicorp Capital Negocios Digitales S.A.S. (Tyba) was chartered in Colombia to engage in information system development; computer consulting; and administration of information installations. Credicorp Holding Colombia S.A.S. holds 100% of the shares of this entity. Tyba has evolved into Credicorp’s digital investment platform with presence in Colombia, Chile, and Peru, which is primarily managed by Krealo.

AMAL Not tagged

Annual filing released 2025-03-06 · GPT 6 Luna

This activity has no positive tag in the selected filing snapshot.

BAP Material

Annual filing released 2025-04-25 · GPT 6 Luna

As of March 13, 2025, following the execution of the Agreement, Pacifico Seguros consolidated 100% of the private health insurance business in Peru after the termination of the joint venture agreement made in December 2014. Additionally, Grupo Crédito completed the acquisition of the remaining 50% percent stake in Pacífico EPS for S/950.9 million. Through this transaction, Grupo Crédito has acquired 24,627,219 shares representing the share capital of Pacífico EPS, which manages health services for employees and medical services in Peru. Furthermore, the Company also paid S/180.0 million to Banmédica for the termination of the joint venture agreement. Krealo

Corporate Health Insurance and Medical Services market According to SUSALUD, in 2024, written premiums in Peru’s health insurance market totaled S/3,436.7 million, which represented an increase of 8.4% compared to the previous year. Based on figures from SUSALUD, Grupo Pacífico had Peru’s largest market share in the health insurance market in 2024 (43.6%, compared to 43.1% in 2023). 5.3.2 Prima AFP As of December 31, 2024, there are four companies in the PPS, including Prima AFP. According to the SBS, assets under management in the PPS reached S/107.0 billion, of which Prima AFP managed S/32.1 billion, which represented a market share of 30.0%, similar to 2023 (30.0%) and 2022 (30.1%).

AMAL Not tagged

Annual filing released 2025-03-06 · GPT 6 Luna

This activity has no positive tag in the selected filing snapshot.

BAP Material

Annual filing released 2025-04-25 · GPT 6 Luna

As of March 13, 2025, following the execution of the Agreement, Pacifico Seguros consolidated 100% of the private health insurance business in Peru after the termination of the joint venture agreement made in December 2014. Additionally, Grupo Crédito completed the acquisition of the remaining 50% percent stake in Pacífico EPS for S/950.9 million. Through this transaction, Grupo Crédito has acquired 24,627,219 shares representing the share capital of Pacífico EPS, which manages health services for employees and medical services in Peru. Furthermore, the Company also paid S/180.0 million to Banmédica for the termination of the joint venture agreement. Krealo

2.3 Insurance & Pensions 2.3.1 Grupo Pacífico (I) Grupo Pacífico Overview We conduct our insurance business exclusively through Grupo Pacífico, which operates in Peru and Bolivia and is the second-largest Peruvian insurance company by written premiums in 2024, according to the SBS and Peru’s National Health Superintendence (Superintendencia Nacional de Salud or SUSALUD by its Spanish Initials). Grupo Pacífico provides a broad range of insurance products focusing on three business areas: P&C insurance business, life insurance business and corporate health insurance and medical services. Grupo Pacífico, like other major Peruvian insurance companies, sells its products both directly (through its own sales force) and through independent brokers, bancassurance and sponsors.

AMAL Not tagged

Annual filing released 2025-03-06 · GPT 6 Luna

This activity has no positive tag in the selected filing snapshot.

BAP Material

Annual filing released 2025-04-25 · GPT 6 Luna

We seek to offer a personalized "ASU" experience for the high-value segment, 100% digital experiences for retail customers, and an exceptional claims journey powered by technology and AI. 93 Table of Contents We currently have an NPS of 39.7 (compared to 35.9 in 2023) and a claims NPS of 58.8 (compared to 53.0 in 2023), along with AI-powered claims approval for vehicle, home, and life insurance products. Strategic Enablers: • In 2024, these enablers have driven innovation and operational efficiency: o

2.3 Insurance & Pensions 2.3.1 Grupo Pacífico (I) Grupo Pacífico Overview We conduct our insurance business exclusively through Grupo Pacífico, which operates in Peru and Bolivia and is the second-largest Peruvian insurance company by written premiums in 2024, according to the SBS and Peru’s National Health Superintendence (Superintendencia Nacional de Salud or SUSALUD by its Spanish Initials). Grupo Pacífico provides a broad range of insurance products focusing on three business areas: P&C insurance business, life insurance business and corporate health insurance and medical services. Grupo Pacífico, like other major Peruvian insurance companies, sells its products both directly (through its own sales force) and through independent brokers, bancassurance and sponsors.

AMAL Not tagged

Annual filing released 2025-03-06 · GPT 6 Luna

This activity has no positive tag in the selected filing snapshot.

BAP Core

Annual filing released 2025-04-25 · GPT 6 Luna

Pacífico Compañía de Seguros y Reaseguros S.A and Subsidiaries (ii) Insurance, Peru 98.86 98.86 17,890,138 16,549,171 14,504,765 13,443,688 3,385,373 3,105,483 765,767 803,384 460,326 Atlantic Security Holding Corporation and Subsidiaries (iii) Capital Markets, Cayman Islands 100.00 100.00 6,014,937 6,870,781 5,026,510 5,729,744 988,427 1,141,037 569,689 474,780 228,474 Credicorp Capital Ltd. and Subsidiaries (iv) Capital Markets and Asset management, Bermudas 100.00

440,653 268,046 Total other income 6,404,119 5,655,825 5,066,096 Insurance and reinsurance result Insurance service result 22 1,693,617 1,602,421 1,302,347 Reinsurance result 22 (494,597 ) (391,321 ) (460,899 ) Total insurance and reinsurance result 1,199,020 1,211,100 841,448 Other expenses Salaries and employee benefits 23 (4,676,436 ) (4,265,453 ) (3,902,161 ) Administrative expenses 24 (4,183,775 ) (3,803,203 ) (3,414,065 ) Depreciation and amortization

AMAL Not tagged

Annual filing released 2025-03-06 · GPT 6 Luna

This activity has no positive tag in the selected filing snapshot.

BAP Material

Annual filing released 2025-04-25 · GPT 6 Luna

According to the SBS, Grupo Pacífico had the largest market share in the Peruvian life insurance market by written premiums (26.6%) in 2024, which was lower than its market share of 27.5% in 2023. In 2024, Grupo Pacífico’s written premiums increased 10.8% from 2023, lower than Peru’s average growth of 14.4%. The increase in Grupo Pacífico’s written premiums was primarily attributable to Annuities, which increased 62.6% from 2023 due to higher sales in the partifular product; Credit Life, which increased 19.8% from 2023 driven by an increase in sales of Bancassurance and Alliance channels; and Individual Life, which increased 18.7% from 2023 due to higher sales in single premiums. P&C Insurance market

2.3 Insurance & Pensions 2.3.1 Grupo Pacífico (I) Grupo Pacífico Overview We conduct our insurance business exclusively through Grupo Pacífico, which operates in Peru and Bolivia and is the second-largest Peruvian insurance company by written premiums in 2024, according to the SBS and Peru’s National Health Superintendence (Superintendencia Nacional de Salud or SUSALUD by its Spanish Initials). Grupo Pacífico provides a broad range of insurance products focusing on three business areas: P&C insurance business, life insurance business and corporate health insurance and medical services. Grupo Pacífico, like other major Peruvian insurance companies, sells its products both directly (through its own sales force) and through independent brokers, bancassurance and sponsors.

AMAL Not tagged

Annual filing released 2025-03-06 · GPT 6 Luna

This activity has no positive tag in the selected filing snapshot.

BAP Material

Annual filing released 2025-04-25 · GPT 6 Luna

In Peru, we offer Yape, an app that can be used to make money transfers and payments through a smartphone. Yape users can send or receive money transfers to bank accounts linked to a cell phone number and/or a unique QR code (peer-to-peer or peer-to-business transactions), make cell phone credit recharges (Mobile Top-Ups), pay for services, request credit and view promotions, among other functions that are useful in their daily lives.

Our strategy is built around three core lines of business: Payments, Financials, and E-commerce. These businesses are aligned with our primary objectives of (i) driving financial inclusion, (ii) meeting our users' needs, and (iii) embedding Yape into their everyday lives. This approach has not only solidified Yape’s role as the leading digital platform for financial inclusion but also enabled us to build a sustainable and scalable business, achieving break-even during 2024. On the Payments front, Yape began its monetization journey in 2021 with mobile top-ups. In 2023, the Bill Payments feature was launched, which totaled 127.1 million transactions in 2024, a 269.6% increase from 2023. These innovations reinforce Yape’s position as the leading payment network in Peru.