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TRANSACTIONS AND BALANCES WITH RELATED PARTIES (Tables)

12 Months Ended

Dec. 31, 2022

Disclosure of transactions between related parties [line items]

The following table shows the main transactions and balances with related parties and individuals as of December 31, 2022 and 2021:

	2022			2021
	S/(000)			S/(000)
Statement of financial position -
Direct loans		1,804,837			1,888,433
Investments (i)		800,021			920,852
Deposits (ii)		(1,138,115	)		(970,072	)
Derivatives at fair value		336,867			30,026

(i)

During the year 2022, the balance includes mainly S/158.1 million of corporate bonds, S/157.0 million of shares of Alicorp S.A.A.; S/155.3 million of corporate bonds issued by Cementos Pacasmayo S.A., and S/126.8 million of shares of Inversiones Centenario. The decreasse in the balance mainly includes the fluctuation that negatively affected the investments in shares of Inversiones Centenario, and corporative bonds of Alicorp S.A.A. and Cementos Pacasmayo S.A.

During the year 2021, the balance mainly includes S/183.3 million of corporate bonds, S/178.6 million of corporate bonds issued by Cementos Pacasmayo S.A., S/137.7 million of shares of Alicorp S.A.A. and S/184.8 million of shares of Inversiones Centenario.

(ii)

Comprising deposits from legal entities and individuals. As of December 31, 2022 and 2021, the balance corresponds mainly comprises higher deposits held by related parties and individuals.

	2022			2021
	S/(000)			S/(000)
Statement of income
Interest income related to loans		38,896			39,355
Interest expenses related to deposits		(24,143	)		(15,999	)
Other income		13,232			9,967

Contingent risks and commitments
Indirect loans		433,639			503,880

Key Personnel Compensation

The Group’s key personnel compensation (including the related income taxes assumed by the Group) as of December 31, 2022 and 2021 was as follows:

	2022		2021
	S/(000)		S/(000)

Director’s compensation		7,850		6,862
Senior Management Compensation:
Remuneration		40,201		45,164
Stock awards vested		28,450		10,351
Total		76,501		62,377

Details of Funds

As of December 31, 2022 and 2021 the Group holds interests in different funds managed by certain of the Group’s subsidiaries. The details of the funds are presented below:

	2022		2021
	S/(000)		S/(000)
At fair value through profit or loss:
Mutual funds, investment funds and hedge funds
U.S. dollar (i)		626,404		588,330
Bolivianos		163,701		157,332
Colombian pesos		76,535		78,773
Soles(ii)		70,987		45,741
Chilean pesos		5,735		2,140
Total		943,362		872,316

Restricted mutual funds, Note 6(a)(iv)		351,317		365,954

(i)

The increase in the balance mainly comprises the purchase of new shares in participation quotes in investment funds managed by Credicorp Capital S.A. S.A.F.

(ii)

The increase in 2022 compared to 2021 is due to the acquisition of participation quotas in investment funds managed by Credicorp Capital S.A. S.A.F.

Subsidiaries [Member]

Disclosure of transactions between related parties [line items]

Transactions with Related Parties

The following table presents the main transactions between subsidiaries of de Group, which have been eliminated in the financial statement consolidation process:

	2022			2021
		S/(000)			S/(000)

Statement of financial position -
Direct loans		3,067,625			3,104,188
Investments		163,200			115,642
Deposits		(1,359,011	)		(2,917,660	)
Derivatives at fair value (*)		17,190			20,392

	2022			2021
		S/(000)			S/(000)

Statement of income
Interest income related to loans		118,627			58,270
Interest expenses related to deposits		(12,972	)		(1,499	)
Other income		79,743			76,645

Contingent risks and commitments
Indirect loans		440,577			331,920

(*)

Accounts receivable for derivatives held by group companies will be accounts payable for the subsidiaries with which the derivative is agreed and vice versa. These transactions are eliminated from the Statement of Financial Position.