Analyst from White Oak Capital's questions to Credicorp Ltd (BAP) leadership • Q3 2024
Question
An analyst from White Oak Capital sought to confirm positive asset quality trends beyond the pension fund impact, asked about potential margin effects from these withdrawals, and inquired about the cross-cycle ROE target for the insurance business.
Answer
Chief Financial Officer Alejandro Perez-Reyes confirmed fundamental improvements in the economy are driving asset quality, citing Mibanco's recovery as an example independent of pension funds. He does not expect a significant impact on long-term yields. Chief Executive Officer Gianfranco Piero Ferrari de Las Casas stated that the sustainable ROE target for the Pacifico insurance business is 20%.