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CASH COLLATERAL, REVERSE REPURCHASE AGREEMENTS AND SECURITIES BORROWING AND PAYABLES FROM REPURCHASE AGREEMENTS AND SECURITIES LENDING, Repurchase Agreements (Details) S/ in Thousands, $ in Thousands | 12 Months Ended |  |
--- | --- | --- | ---
Dec. 31, 2021 PEN (S/) | Dec. 31, 2020 PEN (S/) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($)
Repurchase agreement [Abstract] |  |  |  |  |  |
Credit derivative, nominal amount | $ |  |  |  |  | $ 73,642,609 | $ 54,844,606
Minimum [Member] |  |  |  |  |  |
Repurchase agreement [Abstract] |  |  |  |  |  |
Borrowings, maturity |  | January 2022 | January 2021 |  |  |
Maximum [Member] |  |  |  |  |  |
Repurchase agreement [Abstract] |  |  |  |  |  |
Borrowings, maturity |  | March 2032 | March 2032 |  |  |
Libor 6M + 1.68% [Member] |  |  |  |  |  |
Repurchase agreement [Abstract] |  |  |  |  |  |
Term of fixed and variable rates |  | 6 months | 6 months |  |  |
Debt instrument term of basis spread on variable rate |  | 1.68% | 1.68% |  |  |
Accrued interest fixed and variable rates |  | 0.50% | 0.50% |  |  |
Libor 6M + 1.90% [Member] |  |  |  |  |  |
Repurchase agreement [Abstract] |  |  |  |  |  |
Term of fixed and variable rates |  | 6 months | 6 months |  |  |
Debt instrument term of basis spread on variable rate |  | 1.90% | 1.90% |  |  |
Accrued interest fixed and variable rates |  | 6.73% | 6.73% |  |  |
Cross Currency Swaps [Member] | Cash Flow Hedges [Member] |  |  |  |  |  |
Repurchase agreement [Abstract] |  |  |  |  |  |
Credit derivative, nominal amount |  | S/ 179,400 | S/ 162,900 |  | 45,000 | 45,000
Cross Currency Swap Contract One [Member] | Cash Flow Hedges [Member] |  |  |  |  |  |
Repurchase agreement [Abstract] |  |  |  |  |  |
Credit derivative, nominal amount |  | 99,700 | 90,500 |  | $ 25,000 | $ 25,000
Debt Instruments [Member] |  |  |  |  |  |
Repurchase agreement [Abstract] |  |  |  |  |  |
Financial liabilities |  | S/ 21,191,810 | S/ 27,164,768 |  |  |
BCRP Reactiva Peru [Member] | Debt Instruments [Member] |  |  |  |  |  |
Repurchase agreement [Abstract] |  |  |  |  |  |
Description of presentation currency | [1] | Soles |  |  |  |
Borrowings, maturity | [1] | May 2023 / December 2025 | May 2023 / December 2023 |  |  |
Financial liabilities | [1] | S/ 15,729,959 | S/ 20,916,438 |  |  |
BCRP [Member] | Debt Instruments [Member] |  |  |  |  |  |
Repurchase agreement [Abstract] |  |  |  |  |  |
Description of presentation currency |  | Soles |  |  |  |
Borrowings, maturity |  | January 2022 / September 2025 | March 2021 / July 2024 | [1] |  |
Financial liabilities |  | S/ 2,938,683 | S/ 2,903,266 |  |  |
Banco Central de Bolivia [Member] | Debt Instruments [Member] |  |  |  |  |  |
Repurchase agreement [Abstract] |  |  |  |  |  |
Description of presentation currency |  | Bolivianos |  |  |  |
Borrowings, maturity |  | February 2022 / December 2022 | February 2021 / December 2022 |  |  |
Financial liabilities |  | S/ 736,155 | S/ 486,331 |  |  |
BCRP Reactiva Peru Especial [Member] | Debt Instruments [Member] |  |  |  |  |  |
Repurchase agreement [Abstract] |  |  |  |  |  |
Description of presentation currency | [1] | Soles |  |  |  |
Borrowings, maturity | [1] | June 2023 / December 2025 | June 2023 / December 2023 |  |  |
Financial liabilities | [1] | S/ 672,289 | S/ 756,387 |  |  |
Bcrp nota [Member] | Debt Instruments [Member] |  |  |  |  |  |
Repurchase agreement [Abstract] |  |  |  |  |  |
Description of presentation currency | [2] | Soles |  |  |  |
Borrowings, maturity | [2] | March 2022 / March 2023 | February 2021 / March 2023 |  |  |
Financial liabilities | [2] | S/ 285,000 | S/ 1,055,000 |  |  |
Natixis SA one [Member] | Debt Instruments [Member] |  |  |  |  |  |
Repurchase agreement [Abstract] |  |  |  |  |  |
Description of presentation currency |  | Soles |  |  |  |
Borrowings, maturity |  | August 2028 | August 2028 |  |  |
Financial liabilities |  | S/ 270,000 | S/ 270,000 |  |  |
Banco de la Repblica de Colombia [Member] | Debt Instruments [Member] |  |  |  |  |  |
Repurchase agreement [Abstract] |  |  |  |  |  |
Description of presentation currency |  | Colombian pesos |  |  |  |
Borrowings, maturity |  | January 2022 | January 2021 |  |  |
Financial liabilities |  | S/ 203,026 | S/ 319,481 |  |  |
Citigroup Global Markets Limited one [Member] | Debt Instruments [Member] |  |  |  |  |  |
Repurchase agreement [Abstract] |  |  |  |  |  |
Description of presentation currency | [2] | US dollar |  |  |  |
Borrowings, maturity | [2] | August 2026 | August 2026 |  |  |
Financial liabilities | [2] | S/ 179,415 | S/ 162,945 |  |  |
Natixis S.A Two [Member] | Debt Instruments [Member] |  |  |  |  |  |
Repurchase agreement [Abstract] |  |  |  |  |  |
Description of presentation currency | [3] | US dollar |  |  |  |
Borrowings, maturity | [3] | August 2026 | August 2026 |  |  |
Financial liabilities | [3] | S/ 99,675 | S/ 90,525 |  |  |
Other Minors [Member] | Debt Instruments [Member] |  |  |  |  |  |
Repurchase agreement [Abstract] |  |  |  |  |  |
Financial liabilities |  | S/ 1,848 | S/ 91,160 |  |  |
Other Minors [Member] | Debt Instruments [Member] | Minimum [Member] |  |  |  |  |  |
Repurchase agreement [Abstract] |  |  |  |  |  |
Borrowings, maturity |  | January 2022 | January 2021 / April 2033 |  |  |
Accrued Interest [Member] | Debt Instruments [Member] |  |  |  |  |  |
Repurchase agreement [Abstract] |  |  |  |  |  |
Financial liabilities |  | S/ 75,760 | S/ 113,235 |  |  |
Repurchase Agreements [Member] |  |  |  |  |  |
Repurchase agreement [Abstract] |  |  |  |  |  |
Fixed interest annual rate |  | 0.50% |  |  |  |
Agreement grace period |  | 12 months |  |  |  |
Maximum borrowings capacity |  | S/ 24,286,500 | S/ 10,864,600 |  |  |
[1] | It corresponds to Agreement Transactions where BCP and MiBanco sell representing credit securities guaranteed by the BCRP, they receive soles and are obliged to buy them back at a later date. The credit representing securities with guarantee of the National Government may have the form of a portfolio of credit representing titles or of Certificates of Participation in trustee of the loan portfolio guaranteed by the National Government (Reactiva Especial). The BCRP will charge a fixed interest annual rate in soles of 0.5 percent for the operation and will include a grace period of twelve months without payment of interest or principal. As of December 2021, the total credits granted through the Reactiva Perú program is S/10,864.6 million (S/24,286.5 million, at December 31, 2020), see Note 7(a). See more details of the Reactiva Perú program in Note 2(b).
[2] | As of December 31, 2021 the Group maintains cross currency swaps (CCS) which were designated as a cash flow hedge of certain repurchase agreements in US dollar at variable rate for a notional amount of US$ 45.0 million, equivalent to S/ 179.4 million (approximately US$ 45.0 million, equivalent to S/162.9 million, at December 31, 2020). By means of these CCS, said repurchase agreements were economically converted to soles, see note 13(c).
[3] | As of December 31, 2021, the Group maintains a CCS which was designated as a cash flow hedge of a repurchase agreement in US dollar at variable rate for a total notional amount of US$25.0 million, equivalent to S/99.7 million (approximately US$25.0 million, equivalent to S/90.5 million, at December 31, 2020). By means of the CCS, said repurchase agreement was economically converted to soles at a fixed interest rate; see note 13(c).

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