Credicorp’s senior management has introduced a range of initiatives to improve the sophistication of its private-bank offering, but none has been more important than its focus on the underlying research department.

Credicorp has been investing across its private-banking business in recent years – expanding its capabilities across its growing regional footprint. The judges recognise the outcome of this effort.

Credicorp may have been somewhat late in starting its environmental, social and governance initiative in earnest – the bank only formalized its global sustainable impact strategy in 2020 – but the results have been impressive.