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INTANGIBLE ASSETS AND GOODWILL, NET (Tables)

12 Months Ended

Dec. 31, 2018

Disclosure of detailed information about intangible assets [abstract]

Disclosure of detailed information about intangible assets [text block]

The movement of intangible assets with limited useful life for the years ended December 31, 2018, 2017 and 2016 was as follows:

Description		Client relationships (i)				Rights of use				Brand name (ii)				Fund manager contract (iii)				Core deposits intangible				Software and developments				Intangible in progress				Other				2018				2017				2016
		S/(000)				S/(000)				S/(000)				S/(000)				S/(000)				S/(000)				S/(000)				S/(000)				S/(000)				S/(000)				S/(000)

Cost -
Balances at January 1			407,205				55,900				262,099				101,485				21,100				1,909,252				306,211				27,113				3,090,365				2,789,435				2,512,114
Additions			–				–				–				–				–				96,368				323,421				–				419,789				271,722				277,346
Transfers			–				–				–				–				–				202,876				(202,604	)			(272	)			–				–				–
Disposals and others			(3,598	)			(55,900	)			(3,171	)			(5,958	)			–				(35,194	)			–				–				(103,821	)			29,208				(25	)
Balances at December 31			403,607				–				258,928				95,527				21,100				2,173,302				427,028				26,841				3,406,333				3,090,365				2,789,435

Accumulated amortization -
Balance at January 1			231,552				55,900				111,653				2,739				13,187				1,305,603				–				26,841				1,747,475				1,464,894				1,242,843
Amortization of the year			27,411				–				11,574				5,363				3,516				211,120				–				–				258,984				241,080				224,216
Disposals and others			(1,383	)			(55,900	)			(2,802	)			(1,030	)			–				(3,383	)			–				–				(64,498	)			41,501				(2,165	)
Balance at December 31			257,580				–				120,425				7,072				16,703				1,513,340				–				26,841				1,941,961				1,747,475				1,464,894

Net carrying amount			146,027				–				138,503				88,455				4,397				659,962				427,028				–				1,464,372				1,342,890				1,324,541

Disclosure of detailed information about client relationships intangible assets [text block]

This item consists of the following:

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

Prima AFP - AFP Unión Vida			94,670				107,018
Mibanco			27,065				39,093
Credicorp Capital Holding Chile - Inversiones IMT			22,776				26,206
Mibanco - Edyficar Perú			1,516				3,336
Net carrying amount			146,027				175,653

Disclosure of detailed information about brand intangible assets [text block]

This item consists of the following:

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

Mibanco			138,268				145,095
Credicorp Capital Holding Chile - Inversiones IMT			235				5,351
Net carrying amount			138,503				150,446

Disclosure of detailed information about fund manager contract intangible assets [text block]

This item consists of the following:

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

Credicorp Capital Colombia			47,886				52,635
Credicorp Capital Holding Chile - Inversiones IMT			40,569				46,111
Net carrying amount			88,455				98,746

Disclosure of reconciliation of changes in goodwill [text block]

Goodwill acquired through business combinations has been allocated to each subsidiary or groups of them, which are also identified as a CGU for the purposes of impairment testing, as follows:

		2018				2017
		S/(000)				S/(000)
Mibanco - Edyficar Perú			273,694				273,694
Prima AFP - AFP Unión Vida			124,641				124,641
Credicorp Capital Colombia			74,391				77,746
Banco de Crédito del Perú			52,359				52,359
Pacífico Seguros			36,354				36,354
Atlantic Security Holding Corporation			29,795				29,795
Crediseguro Seguros Personales			96				96
Credicorp Capital Holding Chile - Inversiones IMT			–				41,290
Net carrying amount			591,330				635,975

Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [text block]

The following table summarizes the key assumptions used for the calculation of fair value less selling costs in 2018 and 2017:

		At December 31, 2018
Description		Terminal value growth rate				Discount rate
		%				%
Mibanco - Edyficar Perú			3.00				14.18
Prima AFP - AFP Unión Vida			1.00				10.73
Credicorp Capital Colombia			3.80				14.65
Banco de Crédito del Perú			5.00				11.15
Credicorp Capital Holding Chile - Inversiones IMT			5.25				13.68
Pacífico Seguros (*)			5.00				12.05 and 14.00
Atlantic Security Holding Corporation			2.00				10.07

(*)

As of December 31, 2018, corresponds to the discount rates used to determine the recoverable value for the general and life insurance business lines cash flows that comprise the merged entity in 2017 period, see Note 2(c).

		At December 31, 2017
Description		Terminal value growth rate				Discount rate
		%				%
Mibanco - Edyficar Perú			3.00				12.43
Prima AFP - AFP Unión Vida			1.00				9.41
Credicorp Capital Colombia			3.80				12.63
Banco de Crédito del Perú			5.00				11.46
Credicorp Capital Holding Chile - Inversiones IMT			5.25				11.72
Pacífico Seguros			5.00				11.24 and 12.38
Atlantic Security Holding Corporation			2.00				10.31