Credicorp Ltd.

• BAP Stock Price 24h change: +1.73%. From 326.93 USD to 332.59 USD. The gain is driven by news that its Chilean subsidiary, Tenpo, received authorization to operate as Chile's first licensed neobank, boosting growth sentiment.
• From a technical perspective, the stock has reached a new 52-week high, supported by a strong upward momentum with the price comfortably above its 50-day ($278.84) and 200-day ($261.06) moving averages. Indicators suggest a "bullish breakout" following a period of consolidation, though investors should watch for potential overextension near current record levels.
• Credicorp's Chilean subsidiary, Tenpo, has officially secured operating authorization as the first licensed neobank in Chile, with operations expected to scale in early 2026.
• Major investment firms, including JPMorgan and Goldman Sachs, have recently raised their price targets for BAP to $310 and $293 respectively, reflecting improved confidence in the bank's digital transformation.
• Analysts highlight that BAP's digital ecosystem, particularly the "Yape" platform, now accounts for 97% of its transaction volume, significantly driving cost efficiency and income diversification.
• Revolut has officially applied for a banking license in Peru, signaling increased competition in the Latin American digital banking landscape and pressuring incumbents to accelerate innovation.
• Political transitions in Venezuela have triggered a "geoeconomic reset" in the region, with U.S. international banking flows into Latin America showing resilience despite broader regulatory shifts.

• BAP Stock Price 24h change: -0.04%. From 326.93 USD to 326.79 USD. The stock remains near record highs following news of its digital arm, Tenpo, receiving a neobank license in Chile, reflecting strong momentum and sustained investor confidence.
• From a technical perspective, the stock is in a "Strong Bullish" phase: it recently hit a 52-week high and is trading well above its 50-day ($278.84) and 200-day ($261.06) moving averages. Indicators like the RSI (approx. 65) suggest strong buying interest, though it is approaching overbought territory, signaling potential for a short-term consolidation.
• Credicorp's digital banking arm, Tenpo, was officially authorized as Chile's first licensed neobank on January 21, allowing it to offer full banking products like checking accounts and consumer loans by mid-2026.
• Zacks Investment Research maintained a "Buy" rating for BAP on January 21, citing a 25.58% price increase over the past quarter and positive earnings estimate revisions for the fiscal year 2025.
• Credicorp's BCP subsidiary recently announced the acquisition of Helm Bank USA for $180 million, a strategic move to expand its operational footprint and wealth management capabilities in the U.S. market.
• On January 14, the Inter-American Development Bank (IDB) announced a $4.5 billion financing package for Bolivia to support economic stabilization and growth, highlighting continued multilateral support for Latin American financial stability.
• Brazilian banking authorities and analysts are monitoring a fraud investigation into Banco Master; while not deemed a systemic risk, the event has prompted a shift toward "risk-based compliance" across the Latin American banking sector.