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Loans, net (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure of financial assets [abstract]

(a)

This caption is made up as follows:


	2023			2022
	S/(000)			S/(000)
Direct loans
Loans (*)		35,789,130			35,977,734
Credit cards and other loans (**)		6,023,769			6,239,314
Discounted notes		1,567,411			894,588
Leasing		1,495,290			1,174,542
Factoring		1,244,795			1,011,496
Advances and overdrafts		14,617			38,763
Refinanced loans		461,995			322,941
Past due and under legal collection loans		1,652,151			1,365,972

		48,249,158			47,025,350

Plus (minus)
Accrued interest from performing loans (f)		657,355			527,615
Unearned interest and interest collected in advance		(36,706	)		(22,112	)
Impairment allowance for loans (d)		(2,349,425	)		(2,027,855	)

Total direct loans, net		46,520,382			45,502,998

Indirect loans, Note 18(a)		4,743,480			4,487,347

Summary of classification of direct loan portfolio

(b)

The classification of the direct loan portfolio is as follows:


	2023		2022
	S/(000)		S/(000)
Commercial loans (c.1)		21,155,476		21,412,126
Consumer loans (c.1)		16,325,460		14,967,799
Mortgage loans (c.1)		9,834,398		9,286,944
Small and micro-business loans (c.1)		933,824		1,358,481

Total		48,249,158		47,025,350

Summary of credit quality and maximum exposure to credit risk

(c)

The following table shows the credit quality and maximum exposure to credit risk based on the Group’s internal credit rating as of December 31, 2023 and 2022. The amounts presented do not consider impairment.


	2023								2022
Direct loans, (c.1)	Stage 1		Stage 2		Stage 3		Total		Stage 1		Stage 2		Stage 3		Total
	S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)
Not impaired
High grade		35,098,364		1,068,674		—		36,167,038		35,613,991		1,111,421		—		36,725,412
Standard grade		2,832,251		1,510,897		—		4,343,148		4,282,904		835,217		—		5,118,121
Sub-standard grade		1,367,503		1,450,751		—		2,818,254		776,603		940,391		—		1,716,994
Past due but not impaired		1,949,892		1,460,138		—		3,410,030		1,124,557		1,150,139		—		2,274,696
Impaired
Individually		—		—		36,257		36,257		—		—		45,907		45,907
Collectively		—		—		1,474,431		1,474,431		—		—		1,144,220		1,144,220

Total direct loans		41,248,010		5,490,460		1,510,688		48,249,158		41,798,055		4,037,168		1,190,127		47,025,350


	2023								2022
Contingent Credits: Guarantees and stand-by letters, import and export letters of credit (substantially, all indirect loans correspond to commercial loans)	Stage 1		Stage 2		Stage 3		Total		Stage 1		Stage 2		Stage 3		Total
	S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)
Not impaired
High grade		3,988,999		457,518		—		4,446,517		3,945,307		402,336		—		4,347,643
Standard grade		32,433		214,806		—		247,239		12,083		39,541		—		51,624
Sub-standard grade		2,823		31,101		—		33,924		2,051		59,953		—		62,004
Past due but not impaired		—		—		—		—		—		—		—		—
Impaired
Individually		—		—		6,181		6,181		—		—		9,330		9,330
Collectively		—		—		9,619		9,619		—		—		16,746		16,746

Total indirect loans		4,024,255		703,425		15,800		4,743,480		3,959,441		501,830		26,076		4,487,347

(c.1)

The following tables show the credit quality and maximum exposure to credit risk for each classification of the direct loans:


	2023								2022
Commercial loans	Stage 1		Stage 2		Stage 3		Total		Stage 1		Stage 2		Stage 3		Total
	S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)
Not impaired
High grade		14,979,356		855,890		—		15,835,246		16,213,146		914,480		—		17,127,626
Standard grade		1,347,961		1,013,803		—		2,361,764		1,991,637		230,180		—		2,221,817
Sub-standard grade		450,577		314,063		—		764,640		380,679		171,648		—		552,327
Past due but not impaired		1,431,064		364,603		—		1,795,667		704,067		398,185		—		1,102,252
Impaired
Individually		—		—		36,257		36,257		—		—		45,907		45,907
Collectively		—		—		361,902		361,902		—		—		362,197		362,197

Total direct loans		18,208,958		2,548,359		398,159		21,155,476		19,289,529		1,714,493		408,104		21,412,126


	2023								2022
Consumer loans	Stage 1		Stage 2		Stage 3		Total		Stage 1		Stage 2		Stage 3		Total
	S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)
Not impaired
High grade		11,475,514		199,501		—		11,675,015		11,331,807		181,066		—		11,512,873
Standard grade		945,060		452,811		—		1,397,871		1,139,837		579,625		—		1,719,462
Sub-standard grade		717,526		755,121		—		1,472,647		60,415		542,841		—		603,256
Past due but not impaired		217,712		829,119		—		1,046,831		153,865		526,042		—		679,907
Impaired
Individually		—		—		—		—		—		—		—		—
Collectively		—		—		733,096		733,096		—		—		452,301		452,301

Total direct loans		13,355,812		2,236,552		733,096		16,325,460		12,685,924		1,829,574		452,301		14,967,799


	2023								2022
Mortgage loans	Stage 1		Stage 2		Stage 3		Total		Stage 1		Stage 2		Stage 3		Total
	S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)
Not impaired
High grade		8,093,031		13,283		—		8,106,314		7,490,495		1,033		—		7,491,528
Standard grade		433,968		17,124		—		451,092		667,599		15,411		—		683,010
Sub-standard grade		193,340		348,274		—		541,614		334,967		200,226		—		535,193
Past due but not impaired		261,100		200,873		—		461,973		205,728		132,958		—		338,686
Impaired
Individually		—		—		—		—		—		—		—		—
Collectively		—		—		273,405		273,405		—		—		238,527		238,527

Total direct loans		8,981,439		579,554		273,405		9,834,398		8,698,789		349,628		238,527		9,286,944


	2023								2022
Small and micro-business loans	Stage 1		Stage 2		Stage 3		Total		Stage 1		Stage 2		Stage 3		Total
	S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)
Not impaired
High grade		550,463		—		—		550,463		578,543		14,842		—		593,385
Standard grade		105,262		27,159		—		132,421		483,831		10,001		—		493,832
Sub-standard grade		6,060		33,293		—		39,353		542		25,676		—		26,218
Past due but not impaired		40,016		65,543		—		105,559		60,897		92,954		—		153,851
Impaired
Individually		—		—		—		—		—		—		—		—
Collectively		—		—		106,028		106,028		—		—		91,195		91,195

Total direct loans		701,801		125,995		106,028		933,824		1,123,813		143,473		91,195		1,358,481

Reconciliation of changes in allowance account for credit losses of loans receivable

(d.1)

Direct loans


	2023												2022
Gross carrying amount of direct loans	Stage 1			Stage 2			Stage 3			Total			Stage 1			Stage 2			Stage 3			Total
	S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)
Beginning of year balances		41,798,055			4,037,168			1,190,127			47,025,350			40,522,481			2,853,565			1,312,176			44,688,222
New originated or purchased assets		22,372,321			—			—			22,372,321			22,393,323			—			—			22,393,323
Assets matured or derecognized (excluding write-offs)		(14,406,950	)		(977,654	)		(72,977	)		(15,457,581	)		(14,636,477	)		(1,194,405	)		(429,348	)		(16,260,230	)
Transfers to Stage 1		762,554			(760,269	)		(2,285	)		—			1,019,478			(1,014,657	)		(4,821	)		—
Transfers to Stage 2		(4,664,954	)		4,706,631			(41,677	)		—			(3,131,710	)		3,161,335			(29,625	)		—
Transfers to Stage 3		(1,235,354	)		(1,054,563	)		2,289,917			—			(401,017	)		(317,282	)		718,299			—
Write-offs		—			—			(1,714,968	)		(1,714,968	)		—			—			(960,918	)		(960,918	)
Others (*)		(3,217,003	)		(449,390	)		(131,273	)		(3,797,666	)		(3,383,889	)		575,338			590,017			(2,218,534	)
Foreign exchange effect		(160,659	)		(11,463	)		(6,176	)		(178,298	)		(584,134	)		(26,726	)		(5,653	)		(616,513	)

End of year balances		41,248,010			5,490,460			1,510,688			48,249,158			41,798,055			4,037,168			1,190,127			47,025,350


	2023												2022
Changes in the allowance for expected credit losses for direct loans, see (d.1.1)	Stage 1			Stage 2			Stage 3			Total			Stage 1			Stage 2			Stage 3			Total
	S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)
Expected credit loss at the beginning of year balances		608,558			737,286			682,011			2,027,855			956,456			404,881			703,580			2,064,917

Impact of the expected credit loss in the consolidated statement of income -
New originated or purchased assets		624,484			—			—			624,484			503,454			—			—			503,454
Assets matured or derecognized (excluding write-offs)		(147,086	)		(66,329	)		(25,445	)		(238,860	)		(173,872	)		(237,110	)		(302,861	)		(713,843	)
Transfers to Stage 1		106,745			(104,939	)		(1,806	)		—			166,755			(163,090	)		(3,665	)		—
Transfers to Stage 2		(327,728	)		339,051			(11,323	)		—			(259,226	)		268,700			(9,474	)		—
Transfers to Stage 3		(163,156	)		(269,881	)		433,037			—			(74,178	)		(88,551	)		162,729			—
Impact on the expected credit loss for credits that change stage in the year (***)		(90,594	)		259,309			1,407,191			1,575,906			(129,388	)		176,416			340,244			387,272
Others (**)		(65,775	)		(60,358	)		163,834			37,701			(382,355	)		375,448			666,581			659,674

Total		(63,110	)		96,853			1,965,488			1,999,231			(348,810	)		331,813			853,554			836,557
Write-offs		—			—			(1,813,670	)		(1,813,670	)		—			—			(1,021,539	)		(1,021,539	)
Recovery of written–off loans		—			—			138,886			138,886			—			—			155,070			155,070
Foreign exchange effect		(206	)		(227	)		(2,444	)		(2,877	)		912			592			(8,654	)		(7,150	)

Expected credit loss at the end of year balances		545,242			833,912			970,271			2,349,425			608,558			737,286			682,011			2,027,855

(*)

Corresponds mainly to: (i) the variation between the amortized cost of the loan at the beginning of the year and its amortized cost at the end of the year (partial amortizations that did not represent a reduction or derecognized of the loan), and (ii) the execution of contingent loans (conversion of indirect debt into direct debt).

(**)

Corresponds mainly to: (i) the variation between the amortized cost of the loan at the beginning of the year and its amortized cost at the end of the year (variation in the provision recorded for partial amortizations that did not represent a reduction or derecognized of the loan), (ii) variations in credit risk that did not generate transfers to other stages; and (iii) the execution of contingent loans (conversion of indirect debt into direct debt).

(***)

The Group applied its expert judgement with the purpose of reflecting the effects of the possible impact of the El Niño event during 2023, and the political and economic uncertainty during 2022, that were not considered in the forward-looking model, that led to incur in a higher provision for expected loss, see Note 29.1(d.7).

(d.1.1)

The following tables show the movement of the allowance for expected credit losses for each classification of the direct loan portfolio:


	2023												2022
Commercial loans	Stage 1			Stage 2			Stage 3			Total			Stage 1			Stage 2			Stage 3			Total
	S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)
Expected credit loss at beginning of year		45,474			47,311			154,299			247,084			100,874			60,100			182,467			343,441

Impact of the expected credit loss in the consolidated statement of income -
New originated or purchased assets		47,129			—			—			47,129			33,506			—			—			33,506
Assets derecognized or matured (excluding write-offs)		(26,668	)		(10,113	)		(2,924	)		(39,705	)		(18,984	)		(37,865	)		(92,529	)		(149,378	)
Transfers to Stage 1		2,920			(2,687	)		(233	)		—			41,140			(40,152	)		(988	)		—
Transfers to Stage 2		(27,598	)		30,826			(3,228	)		—			(15,952	)		16,311			(359	)		—
Transfers to Stage 3		(10,620	)		(16,046	)		26,666			—			(6,603	)		(48,516	)		55,119			—
Impact on the expected credit loss for credits that change stage in the year (**)		(1,988	)		7,333			40,748			46,093			(31,403	)		4,752			16,864			(9,787	)
Others (*)		23,154			8,006			6,579			37,739			(57,822	)		91,880			63,218			97,276

Total		6,329			17,319			67,608			91,256			(56,118	)		(13,590	)		41,325			(28,383	)
Write-offs		—			—			(62,960	)		(62,960	)		—			—			(68,362	)		(68,362	)
Recovery of written–off loans		—			—			5,189			5,189			—			—			5,942			5,942
Foreign exchange effect		(192	)		(160	)		(1,751	)		(2,103	)		718			801			(7,073	)		(5,554	)

Expected credit loss at end of year		51,611			64,470			162,385			278,466			45,474			47,311			154,299			247,084


	2023												2022
Consumer loans	Stage 1			Stage 2			Stage 3			Total			Stage 1			Stage 2			Stage 3			Total
	S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)
Expected credit loss at beginning of year		534,005			657,474			430,902			1,622,381			802,421			263,219			336,041			1,401,681

Impact of the expected credit loss in the consolidated statement of income -
New originated or purchased assets		552,847			—			—			552,847			438,109			—			—			438,109
Assets derecognized or matured (excluding write-offs)		(98,984	)		(54,036	)		(10,863	)		(163,883	)		(141,201	)		(144,553	)		(100,740	)		(386,494	)
Transfers to Stage 1		95,173			(93,918	)		(1,255	)		—			44,453			(43,487	)		(966	)		—
Transfers to Stage 2		(282,373	)		287,164			(4,791	)		—			(229,316	)		234,062			(4,746	)		—
Transfers to Stage 3		(135,476	)		(231,432	)		366,908			—			(59,129	)		(13,433	)		72,562			—
Impact on the expected credit loss for credits that change stage in the year (**)		(81,051	)		221,421			1,263,515			1,403,885			(35,112	)		163,681			293,678			422,247
Others (*)		(117,534	)		(73,259	)		162,060			(28,733	)		(286,212	)		198,393			580,849			493,030

Total		(67,398	)		55,940			1,775,574			1,764,116			(268,408	)		394,663			840,637			966,892
Write-offs		—			—			(1,647,576	)		(1,647,576	)		—			—			(886,200	)		(886,200	)
Recovery of written–off loans		—			—			123,679			123,679			—			—			140,438			140,438
Foreign exchange effect		(1	)		(53	)		(162	)		(216	)		(8	)		(408	)		(14	)		(430	)

Expected credit loss at end of year		466,606			713,361			682,417			1,862,384			534,005			657,474			430,902			1,622,381

(*)

(**)


	2023												2022
Mortgage loans	Stage 1			Stage 2			Stage 3			Total			Stage 1			Stage 2			Stage 3			Total
	S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)
Expected credit loss at beginning of year		4,236			12,285			45,101			61,622			12,669			42,681			99,850			155,200

Impact of the expected credit loss in the consolidated statement of income -
New originated or purchased assets		3,949			—			—			3,949			1,473			—			—			1,473
Assets derecognized or matured (excluding write-offs)		(181	)		(833	)		(10,625	)		(11,639	)		(435	)		(763	)		(10,957	)		(12,155	)
Transfers to Stage 1		6,414			(6,414	)		—			—			6,103			(6,103	)		—			—
Transfers to Stage 2		(2,052	)		5,115			(3,063	)		—			(778	)		4,871			(4,093	)		—
Transfers to Stage 3		(1,915	)		(2,423	)		4,338			—			(467	)		(1,254	)		1,721			—
Impact on the expected credit loss for credits that change stage in the year (**)		(5,956	)		15,996			20,982			31,022			(5,871	)		4,342			11,518			9,989
Others (*)		2,312			2,040			2,018			6,370			(8,663	)		(31,688	)		(49,097	)		(89,448	)

Total		2,571			13,481			13,650			29,702			(8,638	)		(30,595	)		(50,908	)		(90,141	)
Write-offs		—			—			(3,580	)		(3,580	)		—			—			(2,267	)		(2,267	)
Recovery of written–off loans		—			—			—			—			—			—			—			—
Foreign exchange effect		(13	)		(13	)		(520	)		(546	)		205			199			(1,574	)		(1,170	)

Expected credit loss at end of year		6,794			25,753			54,651			87,198			4,236			12,285			45,101			61,622


	2023												2022
Small and micro-business loans	Stage 1			Stage 2			Stage 3			Total			Stage 1			Stage 2			Stage 3			Total
	S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)
Expected credit loss at beginning of year		24,843			20,216			51,709			96,768			40,492			38,881			85,222			164,595

Impact of the expected credit loss in the consolidated statement of income -
New originated or purchased assets		20,559			—			—			20,559			30,366			—			—			30,366
Assets derecognized or matured (excluding write-offs)		(21,253	)		(1,347	)		(1,033	)		(23,633	)		(13,252	)		(53,929	)		(98,635	)		(165,816	)
Transfers to Stage 1		2,238			(1,920	)		(318	)		—			75,059			(73,348	)		(1,711	)		—
Transfers to Stage 2		(15,705	)		15,946			(241	)		—			(13,180	)		13,456			(276	)		—
Transfers to Stage 3		(15,145	)		(19,980	)		35,125			—			(7,979	)		(25,348	)		33,327			—
Impact on the expected credit loss for credits that change stage in the year (**)		(1,599	)		14,559			81,946			94,906			(57,002	)		3,641			18,184			(35,177	)
Others (*)		26,293			2,855			(6,823	)		22,325			(29,658	)		116,863			71,611			158,816

Total		(4,612	)		10,113			108,656			114,157			(15,646	)		(18,665	)		22,500			(11,811	)
Write-offs		—			—			(99,554	)		(99,554	)		—			—			(64,710	)		(64,710	)
Recovery of written–off loans		—			—			10,018			10,018			—			—			8,690			8,690
Foreign exchange effect		—			(1	)		(11	)		(12	)		(3	)		—			7			4

Expected credit loss at end of year		20,231			30,328			70,818			121,377			24,843			20,216			51,709			96,768

(*)

(**)

(d.2)

Indirect loans (substantially, all indirect loans correspond to commercial loans)


	2023												2022
Gross carrying amount of contingent credits, guarantees and stand-by letters, import and export letters of credit	Stage 1			Stage 2			Stage 3			Total			Stage 1			Stage 2			Stage 3			Total
	S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)
Beginning of year balances		3,959,441			501,830			26,076			4,487,347			3,984,362			431,039			25,057			4,440,458
New originated or purchased assets		2,122,067			—			—			2,122,067			1,829,985			—			—			1,829,985
Assets derecognized or matured		(1,606,539	)		(135,042	)		(1,784	)		(1,743,365	)		(1,470,891	)		(168,603	)		(9,627	)		(1,649,121	)
Transfers to Stage 1		30,259			(30,259	)		—			—			25,315			(25,315	)		—			—
Transfers to Stage 2		(392,176	)		407,454			(15,278	)		—			(258,992	)		258,992			—			—
Transfers to Stage 3		(12	)		(6,687	)		6,699			—			(633	)		(10,035	)		10,668			—
Others (*)		(54,162	)		(26,950	)		92			(81,020	)		(58,323	)		25,454			(22	)		(32,891	)
Foreign exchange effect		(34,623	)		(6,921	)		(5	)		(41,549	)		(91,382	)		(9,702	)		—			(101,084	)

End of year balances		4,024,255			703,425			15,800			4,743,480			3,959,441			501,830			26,076			4,487,347


	2023												2022
Changes in the allowance for expected credit losses for contingent credits, guarantees and stand-by letters, import and export letters of credit	Stage 1 S(000)			Stage 2 S(000)			Stage 3 S(000)			Total S(000)			Stage 1 S(000)			Stage 2 S(000)			Stage 3 S(000)			Total S(000)
Expected credit loss at beginning of year balances		8,354			18,205			8,936			35,495			8,594			18,492			13,243			40,329

Impact of the expected credit loss in the consolidated statement of income -
New originated or purchased assets		4,770			—			—			4,770			5,615			—			—			5,615
Assets derecognized or matured		(1,988	)		(4,205	)		(631	)		(6,824	)		(4,838	)		(2,016	)		(6,241	)		(13,095	)
Transfers to Stage 1		180			(180	)		—			—			109			(109	)		—			—
Transfers to Stage 2		(1,986	)		3,626			(1,640	)		—			(854	)		854			—			—
Transfers to Stage 3		(1	)		(50	)		51			—			(57	)		(171	)		228			—
Impact on the expected credit loss for credits that change stage in the year		(57	)		(837	)		684			(210	)		(47	)		585			623			1,161
Others (**)		(2,521	)		(12,600	)		(28	)		(15,149	)		(274	)		(467	)		1,054			313

Total		(1,603	)		(14,246	)		(1,564	)		(17,413	)		(346	)		(1,324	)		(4,336	)		(6,006	)
Foreign exchange effect		(127	)		(20	)		(3	)		(150	)		106			1,037			29			1,172

Expected credit loss at the end of year balances, Note 10(a)		6,624			3,939			7,369			17,932			8,354			18,205			8,936			35,495

(*)

(**)

Summary of loan portfolio classified by maturity dates

(i)

The table below presents the maturity of the direct loan portfolio without including accrued interest, interest to be accrued and interest collected in advance as of December 31, 2023 and 2022:


	2023		2022
	S/(000)		S/(000)
Outstanding
Up to 1 month		4,461,634		4,945,881
From 1 to 3 months		5,781,509		5,708,262
From 3 months to 1 year		10,831,137		10,220,204
From 1 to 5 years		19,500,481		18,916,603
Over 5 years		6,022,246		5,868,428

		46,597,007		45,659,378


	2023		2022
	S/(000)		S/(000)
Past due and under legal collection loans, see (i.1)
Up to 4 months		484,808		423,906
Over 4 months		697,246		401,508
Under legal collection		470,097		540,558

		48,249,158		47,025,350

(i.1)

The tables below present past due and under legal collection loans for each classification of the direct loan portfolio:


	2023		2022
	S/(000)		S/(000)
Commercial loans
Up to 4 months		98,263		150,607
Over 4 months		143,170		106,081
Under legal collection		228,809		245,786

		470,242		502,474

Consumer loans
Up to 4 months		284,954		143,867
Over 4 months		401,164		220,226
Under legal collection		78,290		108,162

		764,408		472,255

Mortgage loans
Up to 4 months		35,934		30,484
Over 4 months		94,568		48,316
Under legal collection		140,018		155,587

		270,520		234,387

Small and micro-business loans
Up to 4 months		65,657		98,948
Over 4 months		58,344		26,885
Under legal collection		22,980		31,023

		146,981		156,856

(k)

The following tables present the maturities of direct and indirect loans of Stages 2 and 3 as of December 31, 2023 and 2022, as follows:

•

Stage 2: Loans with maturity longer or shorter than 30 days, regardless of the criteria that caused their classification into Stage 2.

•

Stage 3: Loans with maturity longer or shorter than 90 days, regardless of the criteria that caused their classification into Stage 3.


	2023												2022
	Stage 2				Stage 3				Total				Stage 2				Stage 3				Total
	Gross amount		Expected loss		Gross amount		Expected loss		Gross amount		Expected loss		Gross amount		Expected loss		Gross amount		Expected loss		Gross amount		Expected loss
	S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)
Maturity shorter than:
30 days		5,400,087		609,406		—		—		5,400,087		609,406		3,934,328		595,372		—		—		3,934,328		595,372
90 days		—		—		16,219		14,888		16,219		14,888		—		—		1,816		1,583		1,816		1,583
Maturity longer than:
30 days		793,798		228,445		—		—		793,798		228,445		604,670		160,119		—		—		604,670		160,119
90 days		—		—		1,510,269		962,752		1,510,269		962,752		—		—		1,214,387		689,364		1,214,387		689,364

Total		6,193,885		837,851		1,526,488		977,640		7,720,373		1,815,491		4,538,998		755,491		1,216,203		690,947		5,755,201		1,446,438

(k.1)

The following tables present the maturities of direct and indirect loans of Stages 2 and 3 as of December 31, 2023 and 2022, for each classification:


	2023												2022
	Stage 2				Stage 3				Total				Stage 2				Stage 3				Total
Commercial loans	Gross amount		Expected loss		Gross amount		Expected loss		Gross amount		Expected loss		Gross amount		Expected loss		Gross amount		Expected loss		Gross amount		Expected loss
	S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)
Maturity shorter than:
30 days		3,155,267		60,877		—		—		3,155,267		60,877		2,089,059		60,403		—		—		2,089,059		60,403
90 days		—		—		2,686		2,259		2,686		2,259		—		—		250		214		250		214
Maturity longer than:
30 days		96,517		7,532		—		—		96,517		7,532		127,264		5,113		—		—		127,264		5,113
90 days		—		—		411,273		167,495		411,273		167,495		—		—		433,930		163,021		433,930		163,021

Total		3,251,784		68,409		413,959		169,754		3,665,743		238,163		2,216,323		65,516		434,180		163,235		2,650,503		228,751


	2023												2022
	Stage 2				Stage 3				Total				Stage 2				Stage 3				Total
Consumer loans	Gross amount		Expected loss		Gross amount		Expected loss		Gross amount		Expected loss		Gross amount		Expected loss		Gross amount		Expected loss		Gross amount		Expected loss
	S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)
Maturity shorter than:
30 days		1,700,558		508,045		—		—		1,700,558		508,045		1,500,325		511,105		—		—		1,500,325		511,105
90 days		—		—		10,295		9,883		10,295		9,883		—		—		1,356		1,194		1,356		1,194
Maturity longer than:
30 days		535,994		205,316		—		—		535,994		205,316		329,249		146,369		—		—		329,249		146,369
90 days		—		—		722,801		672,534		722,801		672,534		—		—		450,945		429,708		450,945		429,708

Total		2,236,552		713,361		733,096		682,417		2,969,648		1,395,778		1,829,574		657,474		452,301		430,902		2,281,875		1,088,376

Disclosure Of Maturity Analysis For Financial Liabilities


	2023												2022
	Stage 2				Stage 3				Total				Stage 2				Stage 3				Total
Mortgage loans	Gross amount		Expected loss		Gross amount		Expected loss		Gross amount		Expected loss		Gross amount		Expected loss		Gross amount		Expected loss		Gross amount		Expected loss
	S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)
Maturity shorter than:
30 days		463,168		20,311		—		—		463,168		20,311		271,622		9,266		—		—		271,622		9,266
90 days		—		—		546		109		546		109		—		—		—		—		—		—
Maturity longer than:
30 days		116,386		5,442		—		—		116,386		5,442		78,006		3,019		—		—		78,006		3,019
90 days		—		—		272,859		54,542		272,859		54,542		—		—		238,527		45,101		238,527		45,101

Total		579,554		25,753		273,405		54,651		852,959		80,404		349,628		12,285		238,527		45,101		588,155		57,386


	2023												2022
	Stage 2				Stage 3				Total				Stage 2				Stage 3				Total
Small and micro-business loans	Gross amount		Expected loss		Gross amount		Expected loss		Gross amount		Expected loss		Gross amount		Expected loss		Gross amount		Expected loss		Gross amount		Expected loss
	S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)
Maturity shorter than:
30 days		81,094		20,173		—		—		81,094		20,173		73,322		14,598		—		—		73,322		14,598
90 days		—		—		2,692		2,637		2,692		2,637		—		—		210		175		210		175
Maturity longer than:
30 days		44,901		10,155		—		—		44,901		10,155		70,151		5,618		—		—		70,151		5,618
90 days		—		—		103,336		68,181		103,336		68,181		—		—		90,985		51,534		90,985		51,534

Total		125,995		30,328		106,028		70,818		232,023		101,146		143,473		20,216		91,195		51,709		234,668		71,925

Summary of expected credit losses by economic sector for direct loans

(l)

The following tables present the exposure and the expected credit losses by the economic sector for direct loans as of December 31, 2023 and 2022:


2023
	Carrying amount								Expected credit loss								Percentage expected credit loss
	Stage 1		Stage 2		Stage 3		Total		Stage 1		Stage 2		Stage 3		Total		Stage 1			Stage 2			Stage 3			Total
	S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)
Direct loans
Consumer loans		13,355,812		2,236,552		733,096		16,325,460		466,606		713,361		682,417		1,862,384		3.5	%		31.9	%		93.1	%		11.4	%
Mortgage loans		8,981,439		579,554		273,405		9,834,398		6,794		25,753		54,651		87,198		0.1	%		4.4	%		20.0	%		0.9	%
Commerce		3,220,741		390,704		176,989		3,788,434		24,033		38,186		87,557		149,776		0.7	%		9.8	%		49.5	%		4.0	%
Manufacturing		4,357,971		427,950		58,967		4,844,888		11,196		14,568		24,366		50,130		0.3	%		3.4	%		41.3	%		1.0	%
Professional, scientific and technical activities		3,727,813		555,988		75,172		4,358,973		15,792		18,725		36,580		71,097		0.4	%		3.4	%		48.7	%		1.6	%
Communications, storage and transportation		998,739		167,002		75,474		1,241,215		6,843		7,976		25,450		40,269		0.7	%		4.8	%		33.7	%		3.2	%
Agriculture		1,708,377		173,386		12,667		1,894,430		3,209		1,854		1,632		6,695		0.2	%		1.1	%		12.9	%		0.4	%
Electricity, gas, water and oil		746,792		188,577		1,466		936,835		784		1,767		346		2,897		0.1	%		0.9	%		23.6	%		0.3	%
Leaseholds and real estate activities		457,473		86,954		46,074		590,501		2,628		2,216		20,693		25,537		0.6	%		2.5	%		44.9	%		4.3	%
Construction and infrastructure		404,840		113,431		40,799		559,070		1,499		1,163		27,405		30,067		0.4	%		1.0	%		67.2	%		5.4	%
Others		3,288,013		570,362		16,579		3,874,954		5,858		8,343		9,174		23,375		0.2	%		1.5	%		55.3	%		0.6	%

Total direct loans		41,248,010		5,490,460		1,510,688		48,249,158		545,242		833,912		970,271		2,349,425		1.3	%		15.2	%		64.2	%		4.9	%


2022
	Carrying amount								Expected credit loss								Percentage expected credit loss
	Stage 1		Stage 2		Stage 3		Total		Stage 1		Stage 2		Stage 3		Total		Stage 1			Stage 2			Stage 3			Total
	S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)
Direct loans
Consumer loans		12,685,924		1,829,574		452,301		14,967,799		534,005		657,474		430,902		1,622,381		4.2	%		35.9	%		95.3	%		10.8	%
Mortgage loans		8,698,789		349,628		238,527		9,286,944		4,236		12,285		45,101		61,622		0.0	%		3.5	%		18.9	%		0.7	%
Commerce		3,837,304		402,454		173,236		4,412,994		31,844		29,009		78,028		138,881		0.8	%		7.2	%		45.0	%		3.1	%
Manufacturing		4,346,251		451,393		63,397		4,861,041		8,403		12,389		21,611		42,403		0.2	%		2.7	%		34.1	%		0.9	%
Professional, scientific and technical activities		3,529,961		298,534		64,078		3,892,573		12,056		10,186		26,497		48,739		0.3	%		3.4	%		41.4	%		1.3	%
Communications, storage and transportation		1,102,988		194,840		75,427		1,373,255		7,047		7,035		23,645		37,727		0.6	%		3.6	%		31.3	%		2.7	%
Agriculture		1,747,159		134,545		10,863		1,892,567		1,391		967		1,381		3,739		0.1	%		0.7	%		12.7	%		0.2	%
Electricity, gas, water and oil		867,431		55,187		1,652		924,270		886		462		220		1,568		0.1	%		0.8	%		13.3	%		0.2	%
Leaseholds and real estate activities		499,385		84,056		23,441		606,882		1,595		1,825		14,518		17,938		0.3	%		2.2	%		61.9	%		3.0	%
Construction and infrastructure		415,827		91,910		49,736		557,473		1,667		1,654		32,569		35,890		0.4	%		1.8	%		65.5	%		6.4	%
Others		4,067,036		145,047		37,469		4,249,552		5,428		4,000		7,539		16,967		0.1	%		2.8	%		20.1	%		0.4	%

Total direct loans		41,798,055		4,037,168		1,190,127		47,025,350		608,558		737,286		682,011		2,027,855		1.5	%		18.3	%		57.3	%		4.3	%

Summary of expected credit losses by economic sector for Indirect loans

(m)

The following tables present the exposure and the expected credit losses by the economic sector for indirect loans as of December 31, 2023 and 2022:


2023
	Carrying amount								Expected credit loss								Percentage expected credit loss
	Stage 1		Stage 2		Stage 3		Total		Stage 1		Stage 2		Stage 3		Total		Stage 1			Stage 2			Stage 3			Total
	S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)
Indirect loans
Commerce		297,127		40,894		2,230		340,251		512		340		279		1,131		0.2	%		0.8	%		12.5	%		0.3	%
Manufacturing		505,674		148,827		—		654,501		548		291		—		839		0.1	%		0.2	%		0.0	%		0.1	%
Professional, scientific and technical activities		1,145,646		110,916		982		1,257,544		1,994		788		105		2,887		0.2	%		0.7	%		10.7	%		0.2	%
Communications, storage and transportation		541,561		25,927		—		567,488		697		349		—		1,046		0.1	%		1.3	%		0.0	%		0.2	%
Agriculture		9,031		37		—		9,068		21		—		—		21		0.2	%		0.0	%		0.0	%		0.2	%
Electricity, gas, water and oil		308,428		938		—		309,366		311		6		—		317		0.1	%		0.6	%		0.0	%		0.1	%
Leaseholds and real estate activities		41,097		16,276		259		57,632		298		119		48		465		0.7	%		0.7	%		18.5	%		0.8	%
Construction and infrastructure		306,042		212,589		12,288		530,919		1,021		1,797		6,932		9,750		0.3	%		0.8	%		56.4	%		1.8	%
Others		869,649		147,021		41		1,016,711		1,222		249		5		1,476		0.1	%		0.2	%		12.2	%		0.1	%

Total indirect loans		4,024,255		703,425		15,800		4,743,480		6,624		3,939		7,369		17,932		0.2	%		0.6	%		46.6	%		0.4	%


2022
	Carrying amount								Expected credit loss								Percentage expected credit loss
	Stage 1		Stage 2		Stage 3		Total		Stage 1		Stage 2		Stage 3		Total		Stage 1			Stage 2			Stage 3			Total
	S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)
Indirect loans
Commerce		264,926		40,527		76		305,529		309		424		49		782		0.1	%		1.0	%		64.5	%		0.3	%
Manufacturing		518,115		134,469		—		652,584		487		153		—		640		0.1	%		0.1	%		0.0	%		0.1	%
Professional, scientific and technical activities		1,183,657		75,946		485		1,260,088		1,486		700		52		2,238		0.1	%		0.9	%		10.7	%		0.2	%
Communications, storage and transportation		467,018		19,117		—		486,135		489		91		—		580		0.1	%		0.5	%		0.0	%		0.1	%
Agriculture		4,487		—		—		4,487		7		—		—		7		0.2	%		0.0	%		0.0	%		0.2	%
Electricity, gas, water and oil		155,621		—		—		155,621		135		—		—		135		0.1	%		0.0	%		0.0	%		0.1	%
Leaseholds and real estate activities		45,037		19,150		—		64,187		193		97		—		290		0.4	%		0.5	%		0.0	%		0.5	%
Construction and infrastructure		412,388		130,886		24,956		568,230		4,470		4,463		8,775		17,708		1.1	%		3.4	%		35.2	%		3.1	%
Others		908,192		81,735		559		990,486		778		12,277		60		13,115		0.1	%		15.0	%		10.7	%		1.3	%

Total indirect loans		3,959,441		501,830		26,076		4,487,347		8,354		18,205		8,936		35,495		0.2	%		3.6	%		34.3	%		0.8	%