XML 229 R145.htm IDEA: XBRL DOCUMENT v3.20.1
BONDS AND NOTES ISSUED (Details)
¥ in Thousands, S/ in Thousands, Bs. in Thousands, $ in Thousands
1 Months Ended 12 Months Ended
Sep. 30, 2019
Dec. 31, 2019
BOB (Bs.)
Dec. 31, 2018
BOB (Bs.)
Dec. 31, 2019
JPY (¥)
Dec. 31, 2019
USD ($)
Dec. 31, 2019
PEN (S/)
Dec. 31, 2018
USD ($)
Dec. 31, 2018
PEN (S/)
Mar. 31, 2018
PEN (S/)
Disclosure of bonds and notes issued [Line Items]                  
Notes And Debenture Issued Excluding Accrued Interest           S/ 14,766,848   S/ 15,270,665  
Interest payable           179,515   186,875  
Notes and debentures issued           14,946,363   15,457,540  
Senior Notes One [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis Treasury of the United States of America's rate plus 40 basis points                
Senior Notes Two [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis   Treasury of the United States of America's rate plus 50 basis point              
Subordinated bonds Third Program Four [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Issued amount | Bs.   Bs. 70,000              
Senior Notes Six [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis   Treasury of the United States of America plus 20 basis points              
Fixed interest rate [member]                  
Disclosure of bonds and notes issued [Line Items]                  
Notes And Debenture Issued Excluding Accrued Interest           953,700   1,307,115  
Fixed interest rate [member] | Cash flow hedges                  
Disclosure of bonds and notes issued [Line Items]                  
Notes And Debenture Issued Excluding Accrued Interest           444,372   577,390  
Fixed interest rate [member] | Senior Notes One [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis [1]   Between 2.70 to 5.38              
Borrowings Interest Payment Basis [1]   Semi-annual              
Borrowings, maturity [1]   September 2020 / January 2025 September 2020            
Issued amount | $ [1]         $ 1,074,628   $ 800,000    
Notes And Debenture Issued Excluding Accrued Interest [1]           3,464,199   2,671,647  
Fixed interest rate [member] | Senior Notes Two [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis [2]   4.25              
Borrowings Interest Payment Basis [2]   Semi-annual              
Borrowings, maturity [2]   April 2023 April 2023            
Issued amount | $ [2]         716,301   716,301    
Notes And Debenture Issued Excluding Accrued Interest [2]           2,318,975   2,348,651  
Fixed interest rate [member] | Senior Notes Three [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis [3]   Between 4.65 to 4.85              
Borrowings Interest Payment Basis [3]   Semi-annual              
Borrowings, maturity [3]   October 2020 / September 2024 October 2020            
Issued amount [3]           2,900,000   2,000,000  
Notes And Debenture Issued Excluding Accrued Interest [3]           2,872,355   1,977,410  
Fixed interest rate [member] | Senior Notes Four [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis   Libor 3M + 100 pb              
Borrowings Interest Payment Basis   Quarterly              
Borrowings, maturity   March 2021 -            
Issued amount | $         70,000        
Notes And Debenture Issued Excluding Accrued Interest           231,738      
Fixed interest rate [member] | Corporate bonds Fourth Program Two [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis   Between 5.31 to 7.25              
Borrowings Interest Payment Basis   Semi-annual              
Borrowings, maturity   December 2021 / November 2022 December 2021/ November 2022            
Issued amount           550,000   550,000  
Notes And Debenture Issued Excluding Accrued Interest           527,868   529,515  
Fixed interest rate [member] | Corporate bonds Fourth Program Three [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis   7.16              
Borrowings Interest Payment Basis   Semi-annual              
Borrowings, maturity   - June 2019            
Issued amount           0   100,000  
Notes And Debenture Issued Excluding Accrued Interest           0   100,000  
Fixed interest rate [member] | Corporate bonds Fifth Program One [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis   6.41              
Borrowings Interest Payment Basis   Semi-annual              
Borrowings, maturity   - April 2019            
Issued amount               172,870  
Notes And Debenture Issued Excluding Accrued Interest               162,561  
Fixed interest rate [member] | Corporate bonds Fifth Program Two [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis   5.59              
Borrowings Interest Payment Basis   Semi-annual              
Borrowings, maturity   - September 2019            
Issued amount               150,000  
Notes And Debenture Issued Excluding Accrued Interest               128,342  
Fixed interest rate [member] | Corporate bonds Fifth Program Three [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis   5.625              
Borrowings Interest Payment Basis   Semi-annual              
Borrowings, maturity   - November 2019            
Issued amount               138,410  
Notes And Debenture Issued Excluding Accrued Interest               124,019  
Fixed interest rate [member] | Subordinated bonds - BCP One [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis   6.13              
Borrowings Interest Payment Basis   Semi-annual              
Borrowings, maturity   April 2027 April 2027            
Issued amount | $         720,000   720,000    
Notes And Debenture Issued Excluding Accrued Interest           2,383,860   2,436,615  
Fixed interest rate [member] | Subordinated bonds - BCP Two [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis   6.88              
Borrowings Interest Payment Basis   Semi-annual              
Borrowings, maturity   September 2026 September 2026            
Issued amount | $         476,120   476,120    
Notes And Debenture Issued Excluding Accrued Interest           1,549,702   1,559,869  
Fixed interest rate [member] | Junior Subordinated bonds - BCP [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis   9.75              
Borrowings Interest Payment Basis   Semi-annual              
Borrowings, maturity   - November 2069            
Issued amount | $             250,000    
Notes And Debenture Issued Excluding Accrued Interest               840,543  
Fixed interest rate [member] | Subordinated bonds First Program One [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis   6.22              
Borrowings Interest Payment Basis   Semi-annual              
Borrowings, maturity   May 2027 May 2027            
Issued amount           15,000   15,000  
Notes And Debenture Issued Excluding Accrued Interest           15,000   15,000  
Fixed interest rate [member] | Subordinated bonds First Program Two [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis   6.97              
Borrowings Interest Payment Basis   Quarterly              
Borrowings, maturity   November 2026 November 2026            
Issued amount | $         60,000   60,000    
Notes And Debenture Issued Excluding Accrued Interest           198,840   201,933  
Fixed interest rate [member] | Subordinated bonds Second Program One [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis   8.50              
Borrowings Interest Payment Basis   Semi-annual              
Borrowings, maturity   May 2026 May 2026            
Issued amount           100,000   100,000  
Notes And Debenture Issued Excluding Accrued Interest           99,934   100,000  
Fixed interest rate [member] | Subordinated bonds Second Program Two [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis   7.22              
Borrowings Interest Payment Basis   Semi-annual              
Borrowings, maturity   June 2027 June 2027            
Issued amount           30,000   30,000  
Notes And Debenture Issued Excluding Accrued Interest           30,000   30,000  
Fixed interest rate [member] | Negotiable certificate of deposit - Mibanco [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis   Between 3.80 to 5.80              
Borrowings Interest Payment Basis   Annual              
Borrowings, maturity   January 2020 / January 2024 January 2019 / January 2024            
Issued amount           2,998   2,998  
Notes And Debenture Issued Excluding Accrued Interest           997   1,190  
Fixed interest rate [member] | Corporate bonds Fifth Program Four [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis   5.91              
Borrowings Interest Payment Basis   Semi-annual              
Borrowings, maturity   January 2020 January 2020            
Issued amount           182,410   182,410  
Notes And Debenture Issued Excluding Accrued Interest           182,061   167,649  
Fixed interest rate [member] | Subordinated bonds Third Program One [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis   6.19              
Borrowings Interest Payment Basis   Semi-annual              
Borrowings, maturity   - December 2022            
Issued amount               40,000  
Notes And Debenture Issued Excluding Accrued Interest               39,862  
Fixed interest rate [member] | Subordinated bonds Third Program Two [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis   7.75              
Borrowings Interest Payment Basis   Semi-annual              
Borrowings, maturity   - July 2024            
Issued amount               88,009  
Notes And Debenture Issued Excluding Accrued Interest               88,009  
Fixed interest rate [member] | Subordinated bonds Third Program Three [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis   6.25              
Borrowings Interest Payment Basis   Semi-annual              
Borrowings, maturity   August 2028 August 2028            
Issued amount | Bs.   Bs. 70,000 Bs. 70,000            
Notes And Debenture Issued Excluding Accrued Interest           33,816   34,418  
Fixed interest rate [member] | Subordinated bonds Third Program Four [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis   5.25              
Borrowings Interest Payment Basis   Semi-annual              
Borrowings, maturity   August 2022 August 2022            
Issued amount | Bs.   Bs. 137,200 Bs. 137,200            
Notes And Debenture Issued Excluding Accrued Interest           66,782   68,168  
Fixed interest rate [member] | Senior Notes Five [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis   0.42              
Borrowings Interest Payment Basis   Semi-annual              
Borrowings, maturity   August 2021 -            
Issued amount | ¥       ¥ 5,000,000          
Notes And Debenture Issued Excluding Accrued Interest           151,888      
Fixed interest rate [member] | Senior Notes Six [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis   2.25              
Borrowings Interest Payment Basis   Semi-annual              
Borrowings, maturity   - October 2019            
Issued amount | $             300,000    
Notes And Debenture Issued Excluding Accrued Interest               996,355  
Fixed interest rate [member] | Corporate Bonds Fifth Program Five [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis   4.59              
Borrowings Interest Payment Basis   Semi-annual              
Borrowings, maturity   July 2021 July 2021            
Issued amount           70,770   70,770  
Notes And Debenture Issued Excluding Accrued Interest           63,430   65,300  
Fixed interest rate [member] | Corporate Bonds Fifth Program Six [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis   4.88              
Borrowings Interest Payment Basis   Semi-annual              
Borrowings, maturity   October 2021 October 2021            
Issued amount                 S/ 42,200
Notes And Debenture Issued Excluding Accrued Interest           29,183   29,729  
Fixed interest rate [member] | Corporate Bonds Fifth Program Seven [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis   4.25              
Borrowings Interest Payment Basis   Semi-annual              
Borrowings, maturity   July 2022 -            
Issued amount | $         109,310        
Notes And Debenture Issued Excluding Accrued Interest           108,821      
Fixed interest rate [member] | Corporate Bonds Fifth Program Eight [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis   3.88              
Borrowings Interest Payment Basis   Semi-annual              
Borrowings, maturity   August 2022 -            
Issued amount | $         42,660        
Notes And Debenture Issued Excluding Accrued Interest           42,337      
Two Thousand Twelve Series C Floating Rate [Member] | CCR Inc. MMT 100 - Secured notes [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis   4.75              
Borrowings Interest Payment Basis   Monthly              
Borrowings, maturity   July 2022 July 2022            
Issued amount | $         315,000   315,000    
Notes And Debenture Issued Excluding Accrued Interest           385,253   543,896  
Floating Interest Rate Member [Member] | Subordinated negotiable certificates - BCP [Member]                  
Disclosure of bonds and notes issued [Line Items]                  
Borrowings, interest rate basis   Libor              
Borrowings Interest Payment Basis   Semi-annual              
Borrowings, maturity   November 2021 November 2021            
Issued amount | $         $ 2,960   $ 2,960    
Notes And Debenture Issued Excluding Accrued Interest           S/ 9,809   S/ 9,984  
[1] (i)   In september 2019, the Bank announced a repurchase offer and propose an exchange to the holders of senior notes of the US$ 800.0 million issued in september of 2010, managing to repurchase US$ 220.3 million and exchanging US$ 205.0 million with new senior notes, at market rates , whose terms and conditions are very similar to the previous issue. At the end of said offer, the Bank keeps a notional value payable amounting to US$374.6 million, which can be redeemed by the Bank in whole or in part, in any date, having as a penalty an interest rate equal to the Treasury of the United States of America’s rate plus 40 basis points.In the same way, in september 2019, the Bank issued senior notes of approximately US$700 million (that amount includes the US$205.0 million of the exchange mentioned in the paragraph before). The Bank can redeem all or part of the notes at any date, between October 11, 2021 and December 10, 2024, at a redemption price equal to or greater than : (i) 100 percent of the aggregate principal amount of the notes to be redeemed; and (ii) the sum of the present value of each remaining scheduled payment discounted at interest rate equal to the Treasury of the United States of America’s rate plus 20 basis points. From December 11, 2024 onwards, the Bank can redeem the total or part of the notes to a redemption price equal to 100 percent of the aggregate principal amount of the notes to be redeemed.The payment of principal will take place on the due date or when the Bank redeems the notes.At December 31, 2019, the Bank maintains a CCS which was designated as cash flows hedges of a part of senior notes in U.S Dollars subject to exchange rate risk for a notional amount of US$50.0 million, equivalent to S/165.7 million, see note 13(b). By means of the CCS, the cover part of senior notes was economically converted to soles.
[2] (vi)  The Bank can redeem the whole or part of the notes at any time, having a penalty of an interest rate equal to the Treasury of the United States of America plus 20 basis points. The payment of the principal amount has made in October of 2019.At December 31, 2018, the cash flows of the note issued in U.S. Dollars subject to exchange rate risk were covered by three CCS designated as a cash flow hedges, for a notional amount of US$ 300.0 million equivalent to S/1,011.9 million, see note 13(b). By means of the CCS, the note was economically converted to soles. This CCS matured in October of 2019.
[3] (iii)  In september 2019, the Bank announced a repurchase offer and propose an exchange to the holders of senior notes of the S/2,000 million issued in October of 2017, managing to repurchase S/291.2 million and exchanging S/1,308.8 million with new senior notes, at market rates, whose terms and conditions are very similar to the previous issue. At the end of said offer, the Bank keeps a notional value payable amounting to S/400.0 million, which can be redeemed by the Bank in whole or in part, as of October 15, 2020 without penalties.