Credicorp Ltd. stock (BMG2519Y1084): Top holding in key Peru ETF

Credicorp Ltd., a major financial services provider in Peru, holds a prominent position as the top constituent in the iShares MSCI Peru and Global Exposure ETF (EPU), accounting for 23.09% of the fund's assets as of the latest holdings data from Stock Analysis as of May 2026. This weighting highlights the company's significance for investors tracking Latin American equities, particularly those with exposure to Peru's banking and insurance markets. US investors often access such exposure through ETFs like EPU, which blend Peruvian and global names.

As of: 13.05.2026

By the editorial team – specialized in equity coverage.

Credicorp Ltd.: core business model

Credicorp Ltd. operates as a financial holding company primarily focused on Peru, with additional presence in Chile and Colombia. Its subsidiaries include Banco de Crédito del Perú (BCP), Peru's largest bank by loans and deposits, alongside insurance providers like Pacífico Seguros and Credicorp Capital for investment banking. The group generates revenue through net interest income, fees from transactions, and insurance premiums, serving retail, corporate, and small business clients across Latin America.

The company's integrated model leverages synergies between banking and insurance, with BCP contributing the bulk of earnings. As a US-listed entity on the NYSE under ticker BAP, Credicorp provides US investors direct access to Andean financial markets, where economic growth and rising middle-class demand drive banking penetration.

Main revenue and product drivers for Credicorp Ltd.

Credicorp's primary revenue stems from BCP's retail and commercial banking segments, which accounted for over 80% of group net income in recent periods. Key products include mortgages, consumer loans, deposits, and SME financing, bolstered by digital banking initiatives amid Peru's increasing smartphone adoption. Insurance operations via Pacífico add diversification, with life, health, and property lines benefiting from cross-selling to bank customers.

Investment banking through Credicorp Capital supports capital markets activities in Peru and neighboring countries. For US investors, the company's exposure to commodity-driven Peruvian economy—linked to copper and mining—offers indirect plays on global resource demand, with BCP funding major mining projects.

Industry trends and competitive position

Peru's banking sector benefits from stable macro conditions and low penetration rates, positioning Credicorp ahead of peers like BBVA Peru and Scotiabank Peru. Digital transformation accelerates, with Credicorp investing in fintech to capture younger demographics. Regionally, expansion into Chile via Banco de Crédito e Inversiones (BCI) enhances scale, though currency volatility poses challenges.

In ETF contexts like EPU, Credicorp's 23.09% weighting—ahead of Southern Copper at 22.96%—reflects its market leadership, making it a bellwether for Peruvian equities relevant to US portfolio diversification strategies.

Why Credicorp Ltd. matters for US investors

Listed on the NYSE, Credicorp offers US investors a pure-play on Peru's financial sector without direct emerging market currency risk, as shares trade in USD. Its role in EPU provides embedded exposure for ETF holders, while dividend payouts—historically attractive—appeal to income-focused strategies amid US rate environments.

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Conclusion

Credicorp Ltd. maintains a strong foothold in Peru's financial landscape, evidenced by its dominant ETF weighting and diversified operations. While regional economic ties present opportunities, investors monitor currency and commodity fluctuations. The company's US listing facilitates access for American portfolios seeking Latin American growth.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.