Credicorp Ltd. reported a significant increase in net income, with a 57.8% rise quarter-on-quarter and a 17.6% increase year-on-year, reaching S/1,777.7 million for the first quarter of 2025, and delivering a return on equity $(ROE)$ of 20.3%. Excluding an extraordinary gain from the acquisition of the remaining 50% stake in its joint venture with Empresas Banmedica, net income increased by 43.0% quarter-on-quarter and 6.6% year-on-year, with an ROE of 18.4%. The company's total loans, measured in average daily balances, grew by 1.5% year-on-year, primarily driven by short-term loans in Wholesale Banking and Mortgages. In March 2025, Credicorp also revalued Bolivia's balance sheet using a market-reflective foreign exchange rate, leading to an accounting contraction of 2.0% in Credicorp's total assets. Furthermore, the company made reclassifications between operating expenses and fee income, and introduced new accounting allocations primarily related to interest expenses associated with the Deposit Insurance Fund. These changes have been incorporated starting in the first quarter of 2025.