BONDS AND NOTES ISSUED (Tables)

12 Months Ended

Dec. 31, 2018

Disclosure of bonds and notes issued [Abstract]

Disclosure Of detailed information Of bonds and notes issued [Text Block]

This item consists of the following:

Annual interest rate

Interest payment

Maturity

Issued amount

2018

2017

(000)

S/(000)

Senior notes - (i)

5.38

Semi-annual

September 2020

US$800,000

2,671,647

2,612,379

Senior notes - (i)(ix)

Between 2.75 and 4.25

Semi-annual

Between January 2018 and April 2023

US$596,455

1,225,109

1,948,082

Senior notes - (ii)

4.25

Semi-annual

April 2023

US$350,000

1,123,542

1,066,904

Senior notes - (x)

2.25

Semi-annual

October 2019

US$300,000

996,355

954,131

Senior notes

4.85

Semi-annual

October 2020

S/2,000,000

1,977,410

1,958,571

CCR Inc. MMT 100 - Secured notes- (iii)

2012 Series C Floating rate certificates

4.75

Monthly

July 2022

US$315,000

543,896

670,132

Corporate bonds -

Second program

Third issuance (Series A and B) – BCP

Between 7.47 and 8.50

Quarterly

Between June and July 2018

S/200,000

–

194,883

Fourth program

Tenth issuance (Series A, B and C) - BCP

Between 5.31 and 7.25

Semi-annual

Between December 2021 and November 2022

S/550,000

529,515

530,034

First issuance (Series A) - Mibanco

6.56

Semi-annual

July 2018

S/100,000

–

86,513

First issuance (Series B) - Mibanco

7.16

Semi-annual

June 2019

S/100,000

100,000

89,087

Fifth program

First issuance (Series A) - BCP

6.41

Semi-annual

April 2019

S/172,870

162,561

162,096

First issuance (Series B) - BCP

5.59

Semi-annual

September 2019

S/150,000

128,342

136,311

First issuance (Series C) - BCP

5.625

Semi-annual

November 2019

S/138,410

124,019

123,761

First issuance (Series D) - BCP

5.91

Semi-annual

January 2020

S/182,410

167,649

167,500

Third issuance (Series A) - BCP

4.59

Semi-annual

July 2021

S/70,770

65,300

–

Third issuance (Series B) - BCP

4.88

Semi-annual

October 2021

S/42,200

29,729

–

1,307,115

1,490,185

	Annual interest rate	Interest payment	Maturity	Issued amount		2018		2017
	%			(000)		S/(000)		S/(000)

Subordinated bonds - BCP (iv)	6.13	Semi-annual	April 2027		US$720,000		2,436,615		2,333,152

Subordinated bonds - BCP (v)	6.88	Semi-annual	September 2026		US$350,000		1,151,325		1,135,050

Junior subordinated bonds - BCP (vi)	9.75	Semi-annual	November 2069		US$250,000		840,543		813,695

Subordinated bonds -
First program
First issuance (Series A) - BCP	6.22	Semi-annual	May 2027		S/15,000		15,000		15,000
First issuance (Series A) - Pacífico Seguros	6.97	Quarterly	November 2026		US$60,000		201,933		193,900

Second program
First issuance (Series A) - Mibanco	8.50	Semi-annual	May 2026		S/100,000		100,000		100,000
First issuance (Series B) - Mibanco	7.22	Semi-annual	June 2027		S/30,000		30,000		29,953

Third program
Fourth issuance (Series A) - Mibanco	6.19	Semi-annual	December 2022		S/40,000		39,862		39,978
Fifth issuance (Series A and B) - Mibanco	7.75	Semi-annual	July 2024		S/88,009		88,009		87,869
Issuance I - Banco de Crédito de Bolivia	6.25	Semi-annual	August 2028		Bs70,000		34,418		33,072
Issuance II - Banco de Crédito de Bolivia	5.25	Semi-annual	August 2022		Bs137,200		68,168		65,677
							577,390		565,449

Negotiable certificate of deposit - Mibanco	Between 1.80 and 5.90	Annual	Between January 2018 and January 2024		S/2,998		1,190		1,461

Subordinated negotiable certificates - BCP (vii)	6.88	Semi-annual	September 2026		US$126,120		408,544		390,450
Subordinated negotiable certificates - BCP (vii)	Libor 3M + 279 bp	Semi-annual	November 2021		US$2,960		9,984		9,593

Leasing bonds
First program (viii)
Sixth issuance (Series A) - BCP	8.72	Quarterly	August 2018		S/100,000		–		100,000
							15,270,665		16,049,234
Interest payable							186,875		193,023
Total							15,457,540		16,242,257

At December 31, 2017 the Group holds IRS for a notional amount totaling US$2,442.4 million, equivalent to S/7,915.9 million, see Note 12(b), which were designated as fair value hedges of certain corporate bonds, subordinated bonds and Notes denominated in U.S. Dollars at a fixed rate; through said IRS, these bonds and Notes were economically converted to a variable interest rate.

(i)

The Group can redeem all or part of the bonds at any date, taking as penalty an interest rate equal to the Treasury of the United States of America’s plus 40 basis points. Payment of principal will take place on the date of maturity or redemption of the bonds.

(ii)

The Group can redeem all or part of the notes at any date, taking as penalty an interest rate equal to the Treasury of the United States of America’s plus 50 basis points. Payment of principal will take place on the date of maturity or redemption of the notes.

(iii)

This issuance are secured by the collection of BCP’s (including its foreign branches) future inflows from electronic messages sent through the Society for Worldwide Interbank Financial Telecommunications (“SWIFT”) network and utilized within the network to instruct correspondent banks to make a payment of a certain amount to a beneficiary that is not a financial institution.

(iv)

From 2022, the Bank will pay a floating interest rate of Libor 3 month plus 704.3 basis points. Between April 24, 2017 and April 24, 2022, the Bank can redeem all or part of the subordinated bonds taking as penalty an interest rate equal to the Treasury of the United States of America’s plus 50 basis points. Additionally, from April 25, 2022 or at any later date of coupon payment, the Bank will be able to redeem all or part of the bonds without penalty. Payment of principal will take place at the date of maturity of bonds or upon redemption.

(v)

As from September 16, 2021, the interest rate becomes a floating rate Libor 3 month plus 770.8 basis points. Between September 16, 2016 and September 15, 2021, the Group may redeem all or part of the bonds, with the penalty of the payment of an interest equivalent to the American Treasury plus 50 basis points. Additionally, from September 16, 2021 or at any later date of coupon payment, the Group can redeem all or part of the bonds without penalty. Payment of principal will take place at the date of maturity of bonds or upon redemption.

(vi)

In November 2019, interest rate will become a variable rate Libor 3 month plus 816.7 basis points. As from that date and any interest payment date the Bank can redeem 100 percent of the bonds without penalty. Payment of principal will take place at the date of maturity or upon redemption.

This issuance, as authorized by the SBS, qualifies as “Tier 1” equity in the determination of the regulatory capital (“patrimonio efectivo”) and has no related guarantees.

(vii)

As of November 2016, interest is accrued at a variable rate of Libor 3 month plus 2.79 basis points with semi-annual payments; likewise, as of that date, the Group can redeem all the certificates without penalties. The payment of the principal will occur on the date of expiration or redemption.

(viii)

Leasing bonds are collateralized by assets financed by the Group.

(ix)

In June 2014, the Group offered an exchange to the holders of senior notes, by which the notes were partially replaced with new notes, at market rate, with the same characteristics of the senior notes mentioned in (i) above.

(x)

The Group can redeem all or part of the notes at any time, subject to a penalty of an interest rate equal to the Treasury of the United States of America’s plus 20 basis points. The payment of principal will take place on the maturity date of the notes or when the Group redeems them.

Disclosure of detailed information of balances of bonds and notes issued by their maturity [Text Block]

The table below shows the bonds and notes issued, classified by maturity:

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

Up to 3 months		63,518		36,687
From 3 months to 1 year		1,625,563		1,236,046
From 1 to 3 years		5,375,585		6,508,352
From 3 to 5 years		2,905,763		760,102
More than 5 years		5,300,236		7,508,047

Total		15,270,665		16,049,234