Earnings Conference Call

4Q/2020

<1> Market Backdrop

<2> 3Q20 Results

<3> Outlook

<4> Key Takeaways

<1>

Market Backdrop

Economic Reactivation in Peru Continues

Seasonally-adjusted GDP (4Q19 = 100) (1)

100

97

69

4Q08

4Q11

4Q14

4Q17

4Q20

Payroll payments through the banking sector

Price of Copper

(% change y/y) (2)

(USD/lb., as of February 8th) (3)

We expect GDP to rebound between 8% and 10% in 2021, underpinned by high copper prices; capital inflows to emerging markets; and expansive monetary and fiscal policies on the local front

(1) Source: Central Bank of Peru. Economic Research Department - BCP

4

  1. Source: Asbanc, BCP.
  2. Source: Bloomberg

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