BAP vs. IBN: Credicorp vs. ICICI Bank Stock Comparison

Company Profile

Credicorp (BAP) and ICICI Bank (IBN) are both classified in the Diversified Banks sub-industry within the broader Banks industry, placing them in the closest GICS peer bucket.

Credicorp (BAP) trades as ordinary local shares, while ICICI Bank (IBN) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Both companies show strong equity returns, but Credicorp (BAP) at 20.41% is the standout with ROE above its industry range; ICICI Bank (IBN) at 16.49% also sits in the top quartile.

Both Credicorp (BAP) at 33.10% and ICICI Bank (IBN) at 27.85% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

Neither side reports a meaningful operating margin: for Credicorp (BAP) in Banks and ICICI Bank (IBN) in Banks, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Growth

Both Credicorp (BAP) at 11.57% and ICICI Bank (IBN) at 9.13% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Both Credicorp (BAP) at 26.04% and ICICI Bank (IBN) at 5.10% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Growth Metrics

Financial Strength

current ratio doesn’t apply on either side: Credicorp (BAP) in Banks and ICICI Bank (IBN) in Banks both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

debt-to-equity ratio is set aside for both: Credicorp (BAP) in Banks and ICICI Bank (IBN) in Banks run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Dividends

ICICI Bank (IBN) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Credicorp (BAP) reports a yield of 14.37%, ranking against industry peers normally.

ICICI Bank (IBN) at 14.16% retains more earnings than its industry usually does; Credicorp (BAP) at 53.95% distributes an above-typical share — opposite departures from the band, with the risk sitting on BAP’s side.

Dividend Metrics

Valuation

Credicorp (BAP) at 13.10 is near its industry’s usual P/E ratio, while ICICI Bank (IBN) at 19.26 sits above its peer range — an unusually expensive price for IBN’s trailing earnings.

P/S ratio is set aside for both Credicorp (BAP) in Banks and ICICI Bank (IBN) in Banks: without a conventional revenue line, pricing per dollar of sales isn’t meaningful, and book- or earnings-based multiples make the better comparison.

Measured against book value, both Credicorp (BAP) at 2.57 and ICICI Bank (IBN) at 2.94 look expensive — each P/B ratio sits above its industry’s benchmark range.

Valuation Metrics