Credicorp Ltd. released its financial and operating results for the first quarter of 2025, reporting a net profit of S/1.814 billion, representing a 56.8% increase from the previous quarter and a 17.7% increase year-over-year. The net profit attributable to Credicorp stood at S/1.778 billion, up 57.8% quarter-on-quarter and 17.6% from the same period last year. Earnings per share rose to S/22.3, reflecting the same percentage increases as the net profit attributable to Credicorp. The insurance underwriting result improved to S/329.1 million, a 5.3% increase from the prior quarter and a 17.9% increase year-over-year. The Medical Services Result, a new addition to Credicorp's reporting due to an acquisition, was recorded at S/42.7 million for the quarter. Credicorp's performance was bolstered by robust operational results in Universal Banking and Insurance & Pensions sectors, with improved momentum in Microfinance, and continued growth in fee-based and transactional volumes. The risk-adjusted net interest margin strengthened to 5.24%, driven by lower provisioning and enhanced payment performance amidst a favorable economic backdrop.