Credicorp's Subsidiary Tenpo Receives Chile's First Digital Banking License
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 20 2026
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Credicorp announced that Tenpo, its digital banking subsidiary in Chile, has received operating authorization from the Comision para el Mercado Financiero, Chile's financial markets regulator. This approval makes Tenpo the first licensed neobank in Chile under the country's general banking law. Tenpo is expected to begin operations as a regulated bank in the first half of 2026, offering checking accounts, consumer loans, and term deposits.
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Analyst Views on BAP
Wall Street analysts forecast BAP stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BAP is 287.00 USD with a low forecast of 264.00 USD and a high forecast of 310.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 358.180
Low
264.00
Averages
287.00
High
310.00
Current: 358.180
Low
264.00
Averages
287.00
High
310.00
About BAP
Credicorp Ltd is a Peru-based financial services holding company. The Company is organized into four lines of business: Universal Banking, Insurance and Pensions that mainly serve the overall Peruvian market, Microfinance and Investment Banking and Wealth Management that have a strong presence in Latin America. The Company has leveraged its franchises and has consolidated into a Group with more than 36,000 employees and operations mainly in six countries: Peru, Bolivia, Colombia, Chile, Panama and the United States.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
CREDICORP LTD.: TENPO ACHIEVES CHILE'S FIRST NEOBANK STATUS WITH BANKING LICENSE APPROVAL
New Banking License: Credicorp Ltd has received a banking license to operate as Chile's first neobank.
Market Impact: This development marks a significant step in the digital banking landscape in Chile, potentially increasing competition in the financial sector.
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