INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2018

Disclosure of Investments [Abstract]

Disclosure Of Investment Held For Trading At Fair Value Throught Profit Or Loss [Table Text Block]

Investment at fair value through profit or loss consist of the following:

	2018		2017
	S/(000)		S/(000)

Government treasury bonds		1,318,311		1,174,613
Participation in RAL Fund (i)		445,039		–
Restricted mutual funds (ii)		407,350		–
Investment funds		323,455		–
Participation in mutual funds		310,265		52,380
Multilateral organization bonds		223,777		260,342
Corporate and leasing bonds		160,006		205,819
Listed shares		101,068		122,398
Subordinated bonds		94,413		27,789
Hedge funds		44,335		–
Negotiable certificates of deposit		29,496		74,086
Certificates of deposit BCRP		–		2,102,331
Others		50,061		1,053
Balance before accrued interest		3,507,576		4,020,811
Accrued interest		4,869		3,926
Total		3,512,445		4,024,737

Disclosure of detailed information about investment at fair value through profit or loss and available for sale investments [text block]

Investments at fair value through other comprehensive income consist of the following:

	2018
			Unrealized gross amount
	Amortized cost		Profits		Losses			Estimated fair value
	S/(000)		S/(000)		S/(000)			S/(000)

Debts instruments:

Corporate, leasing and subordinated bonds (i)		8,478,834		212,549		(185,603	)		8,505,780
Certificates of deposit BCRP (ii)		9,833,776		189		(4,381	)		9,829,584
Government treasury bonds (iii)		4,977,422		260,939		(47,613	)		5,190,748
Securitization instruments (iv)		505,976		22,492		(9,980	)		518,488
Negotiable certificates of deposit		280,828		2,981		(250	)		283,559
Others		3,384		–		–			3,384
		24,080,220		499,150		(247,827	)		24,331,543
Equity instruments designated at the initial recognition

Shares issued by:
Alicorp S.A.A.		12,198		218,994		–			231,192
Inversiones Centenario		112,647		236,063		–			348,710
Bolsa de Valores de Lima		19,698		9,363		–			29,061
Bolsa de Comercio de Santiago		8,808		5,360		–			14,168
Compañía Universal Textil S.A.		9,597		248		(3,397	)		6,448
Bolsa de Valores de Colombia		4,585		–		(211	)		4,374
Others		12,099		3,418		–			15,517
		179,632		473,446		(3,608	)		649,470

Balance before accrued interest		24,259,852		972,596		(251,435	)		24,981,013
Accrued interest									214,822
Total									25,195,835

Investments available-for-sale consist of the following:

	2017
			Unrealized gross amount
	Amortized cost		Profits		Losses			Estimated fair value
	S/(000)		S/(000)		S/(000)			S/(000)

Corporate, leasing and subordinated bonds (i)		7,919,202		460,826		(22,838	)		8,357,190
Certificates of deposit BCRP (ii)		7,906,747		16,960		–			7,923,707
Government treasury bonds (iii)		4,308,507		336,561		(4,520	)		4,640,548
Participation in RAL Fund (iv)		527,405		–		–			527,405
Securitization instruments (v)		478,921		35,747		(6,565	)		508,103
Restricted mutual funds (vi)		186,407		230,289		–			416,696
Participation in mutual funds		398,308		11,458		(200	)		409,566
Negotiable certificates of deposit		285,493		5,036		(346	)		290,183
Multilateral organization bonds		165,830		13,897		(224	)		179,503
Certificates of Central Bank of Bolivia (vii)		94,692		33		–			94,725
Investment funds		34,703		25,013		(95	)		59,621
Collateralized mortgage obligation		17,116		7,048		(6	)		24,158
Commercial paper		5,185		–		–			5,185
Hedge funds		48		1,014		–			1,062
U.S. Federal agency bonds		799		80		–			879
		22,329,363		1,143,962		(34,794	)		23,438,531

Shares -
Listed (viii)		254,931		496,737		(1,937	)		749,731
Non-listed		14,770		1,093		–			15,863
		269,701		497,830		(1,937	)		765,594
Balance before accrued interest		22,599,064		1,641,792		(36,731	)		24,204,125
Accrued interest									219,766
Total									24,423,891

Disclosure of detailed information about maturities and annual market rates of available for sale investments [text block]

	Maturities	Annual effective interest rate
		S/				US$				Other currencies
		Min		Max		Min		Max		Min		Max
		%		%		%		%		%		%
Corporate, leasing and subordinated bonds	Jan-2019 / Feb-2065		1.49		11.90		1.16		11.39		0.94		8.39
Certificates of deposit BCRP	Jan-2019 / Jun-2020		2.59		3.04		–		–		–		–
Government treasury bonds	Jan-2019 / Feb-2055		2.37		6.50		1.22		7.07		0.60		0.60
Securitization instruments	Jun-2019 / Sep-2045		3.40		14.81		4.56		6.85		1.68		6.00
Negotiable certificates of deposits	Jan-2019 / Dec-2026		4.54		4.54		–		–		1.40		4.98

The maturities and annual market rates of investments at fair value through other comprehensive income during 2017 were as follows:

	Maturities	Annual effective interest rate
		S/				US$				Other currencies
		Min		Max		Min		Max		Min		Max
		%		%		%		%		%		%
Corporate, leasing and subordinated bonds	Jan-2018 / Feb-2065		1.37		9.20		0.24		7.55		0.17		7.83
Certificates of deposit BCRP	Jan-2018 / Apr-2019		3.08		3.17		–		–		–		–
Government treasury bonds	Feb-2018 / Feb-2055		1.32		6.25		1.27		6.25		–		–
Securitization instruments	Jan-2018 / Sep-2045		4.09		11.75		3.06		6.16		1.68		6.00
Certificates deposits of Central Bank of Bolivia	Jan-2018 / Sep-2018		–		–		–		–		0.50		1.15
Negotiable certificates of deposits	Jan-2018 / Mar-2033		0.49		4.33		–		–		1.18		4.90
Multilateral organization bonds	Mar-2018 / Feb-2044		2.13		7.04		1.83		2.44		–		–
Collateralized mortgage obligations	Aug-2020 / Dec-2036		–		–		2.23		9.40		–		–
U.S. Federal agency bonds	Aug-2035		–		–		1.66		1.66		–		–

Disclosure of detailed information about government treasury bonds [Text Block]

At December 31, 2018, the balance includes the following Government Treasury Bonds:

	2018
	S/(000)
Peruvian sovereign bonds		4,706,121
Colombian sovereign bonds		137,936
Chilean sovereign bonds		119,517
Bolivian sovereign bonds		90,370
Others		136,804
Total		5,190,748

At December 31, 2017, the balance includes the following Government Treasury Bonds:

	2017
	S/(000)
Peruvian sovereign bonds		4,364,172
Bolivian sovereign bonds		106,461
Colombian sovereign bonds		58,381
U.S. Federal agency bonds		55,875
Others		55,659
Total		4,640,548

Disclosure of detailed information about securitization instruments [Text Block]

At December 31, 2018, the balance of securitization instruments includes the following:

	2018
	S/(000)
Inmuebles Panamericana		153,953
Abengoa Transmisión del Norte		80,948
Industrias de Aceite S.A.		48,231
Homecenters Peruanos S.A.		32,520
Others		202,836
Total		518,488

At December 31, 2017, the balance of securitization instruments includes the following:

	2017
	S/(000)
Inmuebles Panamericana		156,186
Abengoa Transmisión del Norte		82,492
Concesionaria La Chira S.A.		30,182
Hunt Oil Company		23,244
Others		215,999
Total		508,103

Disclosure of detailed information about held to maturity investments [text block]

Amortized cost investments consist of the following:

	2018
	Carrying		Fair
	amount		value
		S/(000)		S/(000)

Peruvian sovereign bonds		3,166,639		3,168,202
Foreign government bonds		347,749		347,427
Peruvian treasury bonds		215,751		215,769
Corporate bonds		220,203		217,993
Certificates of payment on work progress (CRPAO) (*)		117,139		117,175
		4,067,481		4,066,566
Accrued interest		87,357		87,357
Total investments at amortized cost		4,154,838		4,153,923

(*)

At December 31, there are 185 certificates of Annual Recognition of Payment for Work Progress (CRPAO from Spanish acronym), respectively, issued by the Peruvian Government to finance projects and concessions. Said issuance is a mechanism established in the concession agreement signed between the State and the concessionaire, which allows the latter to obtain financing to continue with the work undertaken. Said investment matures between January 2019 and April 2026, accruing interest at an annual effective rate between 4.72 percent and 6.02 percent.

Held-to-maturity investments consist of the following:

	2017
	Carrying		Fair
	amount		value
		S/(000)		S/(000)

Peruvian sovereign bonds		3,378,046		3,700,535
Foreign government bonds		352,205		355,438
Peruvian treasury bonds		217,187		221,799
Corporate bonds		246,284		254,131
Certificates of payment on work progress (CRPAO) (*)		129,443		134,238
		4,323,165		4,666,141
Accrued interest		90,208		90,208
Total investments held to maturity		4,413,373		4,756,349

(*)

At December 31, 2017, there are, 217 certificates of Annual Recognition of Payment for Work Progress (CRPAO from Spanish acronym), respectively, issued by the Peruvian Government to finance projects and concessions. Said issuance is a mechanism established in the concession agreement signed between the State and the concessionaire, which allows the latter to obtain financing to continue with the work undertaken. Said investment has maturities between January 2018 and April 2026, accruing interest at an annual effective rate between 3.90 percent and 5.38 percent.

he table below shows the balance of investments, by maturity groupings, before accrued interest

	2018
			At fair value
	At fair value		through other
	through profit		comprehensive		Amortized
	or loss		income		cost
	S/(000)		S/(000)		S/(000)

Up to 3 months		318,648		4,280,152		371,498
From 3 months to 1 year		186,358		5,842,026		208,737
From 1 to 3 years		485,333		2,145,494		1,094,642
From 3 to 5 years		152,083		1,722,051		272,963
More than 5 years		703,476		10,341,820		2,119,641
Without maturity		1,661,678		649,470		–
Total		3,507,576		24,981,013		4,067,481

	2017
	At fair value
	through profit		Available		Held to
	or loss		for sale		maturity
	S/(000)		S/(000)		S/(000)

Up to 3 months		1,476,174		4,987,080		334,791
From 3 months to 1 year		1,096,855		3,785,935		68,690
From 1 to 3 years		516,919		2,407,141		1,625,856
From 3 to 5 years		180,739		1,516,653		110,746
More than 5 years		574,293		9,327,327		2,183,082
Without maturity		175,831		2,179,989		–
Total		4,020,811		24,204,125		4,323,165