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TRANSACTIONS WITH RELATED PARTIES | 12 Months Ended
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Dec. 31, 2018
Disclosure Of Related Party Explanatory [Abstract] |
Disclosure Of Related Party Explanatory [text block] |
| 31 | TRANSACTIONS WITH RELATED PARTIES
| a) | The Group’s consolidated financial statements at December 31, 2018 and 2017 include transactions with related companies, the Board of Directors, the Group’s key executives (defined as the Management of Credicorp) and the companies which are controlled by these individuals through their majority shareholding or their role as Chairman or CEO.
| b) | The following table presents the main transactions with related parties as of December 31, 2018 and 2017:
|  | 2018 |  |  | 2017 |
|  | S/(000) |  |  | S/(000) |
Statement of financial position - |  |  |  |  |  |  |  |
Direct loans |  |  | 2,544,431 |  |  |  | 1,468,211 |
Investments |  |  | 775,397 |  |  |  | 715,490 |
Deposits |  |  | (425,938 | ) |  |  | (1,022,462 | )
Derivatives at fair value |  |  | 890 |  |  |  | (2,674 | )
Statement of income |  |  |  |  |  |  |  |
Interest income related to loans |  |  | 2,404 |  |  |  | 23,992 |
Interest expenses related to deposits |  |  | (965 | ) |  |  | (8,342 | )
Other income |  |  | 688 |  |  |  | 7,247 |
Off-balance sheet |  |  |  |  |  |  |  |
Indirect loans |  |  | 325,427 |  |  |  | 385,360 |
| c) | All transactions with related parties are made in accordance with normal market conditions available to other customers. At December 31, 2018, direct loans to related companies are secured by collateral, had maturities between January 2019 and December 2028, at an annual average interest rate of 6.46 percent (at December 31, 2017 maturities where between January 2018 and July 2028, and the annual average interest rate was 6.01 percent). Also, at December 31, 2018 and 2017, the Group maintains an allowance for loan losses for related parties amounting to S/13.7 million and S/7.2 million, respectively.
| d) | At December 31, 2018 and 2017, directors, officers and employees of the Group have been involved, directly and indirectly, in credit transactions with certain subsidiaries of the Group, as permitted by Peruvian Banking and Insurance Law Nº26702, which regulates and limits certain transactions with employees, directors and officers of a bank or an insurance company. At December 31, 2018 and 2017, direct loans to employees, directors, key management and family members amounted to S/1,031.7 million and S/957.2 million, respectively; they are repaid monthly and earn interest at market rates.
e) The Group’s key executives’ compensation (including the related income taxes assumed by the Group) as of December 31, 2018, 2017 and 2016 was as follows
|  | 2018 |  |  | 2017 |  |  | 2016 |
|  | S/(000) |  |  | S/(000) |  |  | S/(000) |
Director’s compensation |  |  | 5,665 |  |  |  | 5,318 |  |  |  | 5,510 |
Senior Management Compensation: |  |  |  |  |  |  |  |  |  |  |  |
Remuneration |  |  | 48,164 |  |  |  | 41,211 |  |  |  | 43,177 |
Stock awards vested |  |  | 33,429 |  |  |  | 32,142 |  |  |  | 30,122 |
Total |  |  | 87,258 |  |  |  | 78,671 |  |  |  | 78,809 |
f) At December 31, 2018 and 2017 the Group holds interests in various funds managed by certain of the Group’s subsidiaries. The details of the funds are presented below:
|  | 2018 |
|  | S/(000) |
At fair value through profit or loss: |  |  |  |
Mutual funds and hedge funds |  |  |  |
Soles |  |  | 18,394 |
Bolivianos |  |  | 104,596 |
U.S. Dollars |  |  | 76,887 |
Colombian pesos |  |  | 5,201 |
Chilean pesos |  |  | 6,938 |
Total |  |  | 212,016 |
Restricted mutual funds, Note 6(a)(ii) |  |  | 407,350 |
|  | 2017 |
|  | S/(000) |
At fair value through profit or loss and available-for-sale investments: |  |  |  |
Mutual funds and hedge funds: |  |  |  |
Soles |  |  | 125,056 |
Bolivianos |  |  | 77,804 |
U.S. Dollars |  |  | 40,588 |
Colombian pesos |  |  | 21,525 |
Chilean pesos |  |  | 14,267 |
Total |  |  | 279,240 |
Restricted mutual funds, Note 6(c)(vi) |  |  | 416,696 |

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