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Credicorp's Chilean Subsidiary Gets Operating Authorization From Chile's Financial Markets Regulator

Benzinga·01/20/2026 21:12:59
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Credicorp Ltd. (NYSE: BAP), the leading financial services holding company in Peru with operations in Chile, Colombia, Bolivia, Panama, and the United States, today announced that Tenpo, its digital banking subsidiary in Chile, has received its operating authorization from the Comisión para el Mercado Financiero (CMF), Chile's financial markets regulator.

With this approval, Tenpo becomes the first licensed neobank in Chile under the country's General Banking Law. The license authorizes Tenpo to operate as a regulated bank offering core banking products such as checking accounts, consumer loans, and term deposits. Tenpo is expected to begin operations in the first half of 2026, within the one-year timeframe established by the CMF.