Renato Maloney's questions to Credicorp Ltd (BAP) leadership • Q3 2024
Question
Renato Maloney asked whether the positive impact of excess system liquidity on asset quality and funding costs is a short-lived event and how this reconciles with growth expectations for next year.
Answer
Chief Financial Officer Alejandro Perez-Reyes explained that while the pension fund withdrawal effect is temporary, the improvement in asset quality is supported by sustainable fundamentals like a 5% rise in formal employment. Chief Executive Officer Gianfranco Piero Ferrari de Las Casas added that expected growth in private investment provides confidence for improved loan book performance and growth in the coming year.