Credicorp Ltd. Reports Strong Financial Performance in Q3 2023

Credicorp Ltd., one of the major banks in the industry, has recently announced its financial results for the quarter ending September 2023. The company has shown positive performance in this quarter, with a significant increase in interest earned. According to the financial report, Credicorp Ltd. has earned USD 1,311 million in interest, which is the highest in the last five periods. This shows a growth of 14.7% compared to the average interest earned in the previous four periods.

The company's profit before tax less other income (PBT) has also shown a positive trend, with a growth of 73.3% over the average PBT of the previous four periods. This indicates a strong performance in the near term. Additionally, Credicorp Ltd. has maintained a low gross non-performing assets (NPA) ratio of 0.00%, which is the lowest in the last five periods. This shows that the proportion of stressed loans given by the bank is decreasing.

However, the company's profit after tax (PAT) has shown a slight decline of -3.0% compared to the average PAT of the previous four periods. This could be a cause for concern, as the near term trend for PAT is negative. Despite this, Credicorp Ltd. has shown overall positive financial performance in the quarter ending September 2023.

Infinhub, a leading stock analysis firm, has given a 'Strong Sell' call for Credicorp Ltd. This could be due to the slight decline in PAT and the negative near term trend. However, based on the financial results, Credicorp Ltd. has shown strong performance in terms of interest earned and PBT, indicating a positive outlook for the company in the near future.