Credicorp Ltd. has reported a significant increase in its financial performance for the second quarter of 2025. Net income attributable to the company rose by 36.1% year-over-year (YoY) and 2.5% quarter-over-quarter (QoQ), reaching S/1,822.0 million. This increase translates into a return on equity $(ROE)$ of 20.7%. The results were bolstered by a notable 120 basis points gain from BCP's investment portfolio. Additionally, net profit attributable to Credicorp increased to S/1,822.0 million, marking a 36.1% rise YoY. The company also saw growth in its net income per share, which improved to S/22.8, up 2.5% QoQ and 36.1% YoY. Operating income showed a year-to-date increase of 7.9%, while operating expenses rose by 11.4% over the same period. This led to an efficiency ratio of 44.9% for the first half of 2025, aligning with the company's annual guidance. Credicorp also experienced a 2.6% growth in total loans on an FX-neutral basis, driven primarily by BCP's Retail Banking sector and Mibanco. Total loans rose by 1.2% QoQ, with continued contributions from the Mortgage and Consumer segments as well as Wholesale Banking at BCP. The company revalued Bolivia's balance sheet using a market-reflective FX rate, leading to a 2.8% accounting contraction in Credicorp's total assets, although this had no impact on cash flow. Overall, Credicorp's financial performance reflects strong results across its business lines.