OTHER INCOME AND EXPENSES (Tables)

12 Months Ended

Dec. 31, 2018

Disclosure Of Other Income And Expenses [Abstract]

Disclosure of detailed information about other operating income expense [text block]

This item consists of the following:

	2018		2017		2016
	S/(000)		S/(000)		S/(000)
Other income
Income from premiums commissions and technical insurance income		121,675		127,729		136,919
Rental income		35,941		43,118		37,324
Recoveries of other accounts receivable and other assets		79		14,824		4,660
Net gain from sale of seized and recovered assets		–		2,494		1,377
Others (*)		237,862		188,761		146,550
Total other income		395,557		376,926		326,830

	2018		2017		2016
	S/(000)		S/(000)		S/(000)
Other expenses
Commissions for insurance activities		341,680		277,878		272,949
Sundry technical insurance expenses		115,792		119,355		102,670
Losses due to operational risk		46,528		55,477		37,407
Expenses on improvements in building for rent		36,551		42,083		43,775
Provision for sundry risks, Note 12(f)		42,236		29,023		28,093
Association in participation (**)		14,526		19,757		17,630
Provision for other accounts receivable		7,174		19,316		8,239
Administrative and tax penalties		4,301		8,387		16,374
Put option write on non-controlling interests		–		–		11,890
Net loss from sale adjudicated assets		3,411		–		1,426
Others		75,453		64,271		68,622
Total other expenses		687,652		635,547		609,075

(*)

The balance mainly comprises property sales, liquidation for sale of Credicorp shares, penalty for breach of contract, commissions for recovery in civil and judicial lawsuits of Personal Credits and Credit Card products; also, collection of commission for relocation, vehicle taxes, municipal property taxes, fines and penalties to clients related to the Leasing product.

(**)

During 2015, Credicorp Ltd., through its Subsidiary Pacífico Seguros, entered into a partnership agreement with Empremédica S.A. domiciled in Peru (a subsidiary of Banmédica S.A.) with the purpose of obtaining

% of the results related to the Medical Insurance business line of Pacífico Seguros; for which, Empremédica S.A. made a monetary contribution of US$

25.0

million (equivalent to S/

77.3

million). The results attributable to Empremédica S.A. for this transaction they are presented under the heading "Association in participation ".