The financial group estimated that in the fourth quarter of 2022 GDP increased 1.6%.
Peru’s economy would advance by 2.0% this year, according to the financial group Credicorp. In addition, they estimated that during the fourth quarter of 2022 there was a growth of 1.6% thanks to the mining sector. However, this increase was partially offset by the slowdown in non-primary activities as a result of less dynamism in private consumption and lower private investment.
Along these lines, the group made up of BCP, BCP Bolivia, Mibanco, Mibanco Colombia, Grupo Pacífico, Prima AFP, Credicorp Capital, ASB Bank Corp. and Krealo presented the results for the fourth quarter of 2022, where an ROE of 15 ,3%. This was due to solid revenue growth in the business despite a turbulent environment that led to higher provisions. It should be noted that in 2022 Credicorp registered an annual ROE of 16.7%.
“The last quarter of the year presented additional challenges, which have not yet been fully evaluated, for our business and for the country. However, our strong liquidity and well-capitalized balance sheet, along with our prudent approach to risk management and portfolio quality, place us in a position of strength and resilience as we continue to execute on our strategy,” said Gianfranco Ferrari, Credicorp CEO.
Credicorp had digital advance
Likewise, Credicorp reported that it made progress in its digital transformation during 2022. Thus, at BCP, 67% of its retail banking clients are digital. For its part, at Mibanco, 45% of the loans are disbursed through alternative channels.
Yape reached more than 11.9 million users. In addition, since November 2021, 63 million telephone recharges have been made, which represents 25% of the recharge market in Peru. Finally, Yape Ofertas has achieved 270,000 transactions in just four months and by the end of 2022 more than 130,000 microcredits were placed through the digital wallet.
Source: Larepublica
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