Credicorp Guides 8.5% Loan Growth and Mid-High 6% NIM for 2026
Credicorp guides for 8.5% loan growth in 2026, with core Peru operations at BCP and Mibanco targeting 11% growth and a net interest margin of mid-to-high 6%. It expects improving asset quality, double-digit fee income growth, boosting ordinary dividends and potential extraordinary payouts to return excess capital.
1. Loan Growth Guidance
Credicorp projects consolidated loan growth of 8.5% in 2026, driven by its Peruvian units BCP and Mibanco, which are expected to achieve around 11% expansion at constant exchange rates.
2. Margin and Asset Quality
The bank forecasts its net interest margin to remain in the mid-to-high 6% range, supported by stable funding costs and improving credit metrics to enhance asset quality.
3. Fee Income and Capital Returns
Management anticipates low double-digit fee income growth and plans to return excess capital via higher ordinary dividends and potential extraordinary payouts, reinforcing shareholder returns.