Intercorp Financial Services (LIM:IFS) Credit Losses Provision : $577 Mil (As of Mar. 2024)

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What is Intercorp Financial Services Credit Losses Provision?

Intercorp Financial Services's credit losses provision for the three months ended in Mar. 2024 was $147 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $577 Mil.

Intercorp Financial Services's quarterly credit losses provision increased from Sep. 2023 ($154 Mil) to Dec. 2023 ($165 Mil) but then declined from Dec. 2023 ($165 Mil) to Mar. 2024 ($147 Mil).

Intercorp Financial Services's annual credit losses provision increased from Dec. 2021 ($105 Mil) to Dec. 2022 ($224 Mil) and increased from Dec. 2022 ($224 Mil) to Dec. 2023 ($528 Mil).

Intercorp Financial Services Credit Losses Provision Historical Data

The historical data trend for Intercorp Financial Services's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Intercorp Financial Services Credit Losses Provision Chart

Intercorp Financial Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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200.08

635.14

104.94

224.08

527.87

Intercorp Financial Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															98.07	110.84	153.93	165.04	147.16

Intercorp Financial Services Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $577 Mil.

Intercorp Financial Services (LIM:IFS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Intercorp Financial Services Inc (LIM:IFS) » Definitions » Credit Losses Provision

Traded in Other Exchanges

IFS:USA

Address

Avenue Carlos Villaran 140, Urbanizacion Santa Catalina, La Victoria, Lima, PER, 13

Website

https://www.ifs.com.pe

Intercorp Financial Services Inc is a provider of financial services through banking, insurance, and wealth management businesses, as well as the recent integration of Izipay enhancing its payments ecosystem. The company has four operating segments; the Banking segment includes Mainly loans, credit facilities, deposits, and current accounts, the Insurance segment provides life annuity products with single-premium payment and conventional life insurance products and other retail insurance products, the Wealth management segment provides brokerage and investment management services, and Payments segment provides administration services, operation and processing of credit and debit cards. Its geographical segments include Peru and Panama.