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INTANGIBLE ASSETS AND GOODWILL, NET (Tables) | 12 Months Ended
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Dec. 31, 2023
INTANGIBLE ASSETS AND GOODWILL, NET [Abstract] |
Movement of Intangible Assets With Useful Life | The movement of intangible assets with limited useful life for the years ended December 31, 2023, 2022 and 2021 is as follows:
Description |  | Client relationships (i) |  |  | Brand name (ii) |  |  | Fund manager contract (iii) |  |  | Relationships with holders |  |  | Software and developments |  |  | Intangible in progress |  |  | Other |  |  | 2023 |  |  | 2022 |  |  | 2021 |
|  | S/(000) |  |  | S/(000) |  |  | S/(000) |  |  | S/(000) |  |  | S/(000) |  |  | S/(000) |  |  | S/(000) |  |  | S/(000) |  |  | S/(000) |  |  | S/(000) |
Cost - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balances at January 1 |  |  | 373,602 |  |  |  | 171,864 |  |  |  | 73,412 |  |  |  | 21,100 |  |  |  | 3,642,091 |  |  |  | 867,213 |  |  |  | 17,953 |  |  |  | 5,167,235 |  |  |  | 4,708,305 |  |  |  | 4,293,864 |
Additions |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 244,879 |  |  |  | 577,462 |  |  |  | 6,462 |  |  |  | 828,803 |  |  |  | 703,670 |  |  |  | 532,244 |
Acquisition of business |  |  | 2,507 |  |  |  | 3,457 |  |  |  | – |  |  |  | – |  |  |  | 10,678 |  |  |  | – |  |  |  | – |  |  |  | 16,642 |  |  |  | 7,533 |  |  |  | – |
Transfers |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 436,050 |  |  |  | (436,050 | ) |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
Disposals and others |  |  | (204 | ) |  |  | – |  |  |  | 4,303 |  |  |  | – |  |  |  | (54,676 | ) |  |  | (107,063 | ) |  |  | 6,339 |  |  |  | (151,301 | ) |  |  | (252,273 | ) |  |  | (117,803 | )
Balance as of December 31 |  |  | 375,905 |  |  |  | 175,321 |  |  |  | 77,715 |  |  |  | 21,100 |  |  |  | 4,279,022 |  |  |  | 901,562 |  |  |  | 30,754 |  |  |  | 5,861,379 |  |  |  | 5,167,235 |  |  |  | 4,708,305 |
Accumulated amortization - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at January 1 |  |  | 302,513 |  |  |  | 60,488 |  |  |  | 12,824 |  |  |  | 21,100 |  |  |  | 2,637,685 |  |  |  | – |  |  |  | 5,409 |  |  |  | 3,040,019 |  |  |  | 2,795,084 |  |  |  | 2,475,466 |
Amortization of the period |  |  | 15,025 |  |  |  | 5,827 |  |  |  | 3,573 |  |  |  | – |  |  |  | 407,583 |  |  |  | – |  |  |  | 4,576 |  |  |  | 436,584 |  |  |  | 403,726 |  |  |  | 381,794 |
Disposals and others |  |  | (307 | ) |  |  | – |  |  |  | (24 | ) |  |  | – |  |  |  | (42,326 | ) |  |  | – |  |  |  | 416 |  |  |  | (42,241 | ) |  |  | (158,791 | ) |  |  | (62,176 | )
Balance as of December 31 |  |  | 317,231 |  |  |  | 66,315 |  |  |  | 16,373 |  |  |  | 21,100 |  |  |  | 3,002,942 |  |  |  | – |  |  |  | 10,401 |  |  |  | 3,434,362 |  |  |  | 3,040,019 |  |  |  | 2,795,084 |
Net carrying amount |  |  | 58,674 |  |  |  | 109,006 |  |  |  | 61,342 |  |  |  | – |  |  |  | 1,276,080 |  |  |  | 901,562 |  |  |  | 20,353 |  |  |  | 2,427,017 |  |  |  | 2,127,216 |  |  |  | 1,913,221 |
Client Relationships Intangible Assets | This item consists of the following:
|  | 2023 |  |  | 2022 |
|  | S/(000) |  |  | S/(000) |
Prima AFP - AFP Unión Vida |  |  | 37,701 |  |  |  | 45,262 |
Credicorp Capital Holding Chile - Inversiones IMT |  |  | 13,410 |  |  |  | 15,564 |
Joinnus S.A.C. |  |  | 2,507 |  |  |  | – |
Ultraserfinco S.A. |  |  | 2,000 |  |  |  | 6,971 |
Compañía Incubadora de Soluciones Móviles S.A-Culqi |  |  | 1,792 |  |  |  | 1,809 |
Tenpo SpA |  |  | 1,264 |  |  |  | 1,483 |
Net carrying amount |  |  | 58,674 |  |  |  | 71,089 |
Brand Intangible Assets | This item consists of the following:
|  | 2023 |  |  | 2022 |
|  | S/(000) |  |  | S/(000) |
MiBanco |  |  | 105,244 |  |  |  | 111,009 |
Joinnus S.A.C. |  |  | 3,457 |  |  |  | – |
Compañía Incubadora de Soluciones Móviles S.A-Culqi |  |  | 305 |  |  |  | 367 |
Net carrying amount |  |  | 109,006 |  |  |  | 111,376 |
Fund Manager Contract Intangible Assets | This item consists of the following:
|  | 2023 |  |  | 2022 |
|  | S/(000) |  |  | S/(000) |
Credicorp Capital Holding Chile - Inversiones IMT |  |  | 29,553 |  |  |  | 30,495 |
Credicorp Capital Colombia |  |  | 29,229 |  |  |  | 27,620 |
Ultrasefinco S.A. |  |  | 2,560 |  |  |  | 2,473 |
Net carrying amount |  |  | 61,342 |  |  |  | 60,588 |
Reconciliation of Changes in Goodwill | Goodwill acquired through business combinations has been allocated to each subsidiary or groups of them, which are also identified as a CGU for the purposes of impairment testing, as follows:
|  | 2023 |  |  | 2022 |
|  | S/(000) |  |  | S/(000) |
MiBanco - Edyficar Perú |  |  | 273,694 |  |  |  | 273,694 |
Prima AFP - AFP Unión Vida |  |  | 124,641 |  |  |  | 124,641 |
Credicorp Capital Colombia S.A |  |  | 111,799 |  |  |  | 92,188 |
Banco de Crédito del Perú |  |  | 52,359 |  |  |  | 52,359 |
MiBanco Colombia |  |  | 49,629 |  |  |  | 99,979 |
Pacífico Seguros |  |  | 36,354 |  |  |  | 36,354 |
Joinnus S.A.C |  |  | 35,700 |  |  |  | – |
Atlantic Security Holding Corporation |  |  | 29,795 |  |  |  | 29,795 |
Tenpo SpA |  |  | 22,697 |  |  |  | 23,441 |
Monokera S.A.S |  |  | 22,656 |  |  |  | – |
Wally POS S.A.C |  |  | 21,046 |  |  |  | 24,214 |
Tenpo Technologie SpA |  |  | 11,719 |  |  |  | 13,155 |
Sami Shop S.A.C |  |  | 4,000 |  |  |  | – |
Compañía Incubadora de Soluciones Móviles S.A-Culqi |  |  | 2,297 |  |  |  | 2,297 |
Crediseguro Seguros Personales |  |  | 96 |  |  |  | 96 |
Net carrying amount |  |  | 798,482 |  |  |  | 772,213 |
Key Assumptions Used for Calculation of Fair Value Less Selling Costs | The following table summarizes the key assumptions used for the calculation of the present value in 2023 and 2022:
|  | 2023 |
Description |  | Terminal value growth rate |  |  | Discount rate |
|  | % |  |  | % |
Mibanco - Edyficar Perú |  |  | 5.60 |  |  |  | 13.10 |
Prima AFP - AFP Unión Vida |  |  | 1.60 |  |  |  | 15.50 |
Mibanco Colombia |  |  | 6.80 |  |  |  | 15.10 |
Credicorp Capital Colombia S.A |  |  | 4.60 |  |  |  | 14.90 |
Banco de Crédito del Perú |  |  | 4.60 |  |  |  | 12.40 |
Pacífico Seguros (*) |  |  | 4.60 |  |  | 11.8 and 13.9 |
Atlantic Security Holding Corporation |  |  | 2.30 |  |  |  | 12.60 |
Tenpo SpA |  |  | – |  |  |  | 25.00 |
Compañía Incubadora de Soluciones Móviles S.A- Culqi |  |  | – |  |  |  | 25.00 |
Wally POS S.A.C. |  |  | – |  |  |  | 25.00 |
Sami Shop S.A.C. |  |  | – |  |  |  | 25.00 |
|  | 2022 |
Description |  | Terminal value growth rate |  |  | Discount rate |
|  | % |  |  | % |
Mibanco - Edyficar Perú |  |  | 5.60 |  |  |  | 14.30 |
Prima AFP - AFP Unión Vida |  |  | 1.60 |  |  |  | 16.10 |
MiBanco - Colombia |  |  | 6.00 |  |  |  | 16.80 |
Credicorp Capital Colombia S.A. |  |  | 4.80 |  |  |  | 17.90 |
Banco de Crédito del Perú |  |  | 4.60 |  |  |  | 12.80 |
Pacífico Seguros (*) |  |  | 4.60 |  |  | 13.0 and 14.3 |
Atlantic Security Holding Corporation |  |  | 2.30 |  |  |  | 15.20 |
Tenpo SpA |  |  | – |  |  |  | 25.00 |
Compañía Incubadora de Soluciones Móviles S.A - Culqi |  |  | – |  |  |  | 25.00 |
(*) As of December 31, 2023, and 2022, it corresponds to the discount rates used to determine the recoverable value of the cash flows that correspond to the general and life insurance business lines.

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