Intercorp Financial Services Business Summary

Intercorp Financial Services Inc. (IFS) is a leading Peruvian financial holding company that generates revenue through a diversified mix of net interest income (62%), insurance premiums and investment returns (24%), and fee-based services (14%). The company operates through four primary segments: Banking (via Interbank), which focuses on retail and commercial lending; Insurance (via Interseguro), the market leader in annuities; Wealth Management (via Inteligo), providing brokerage and advisory services; and Payments (via Izipay), an integrated digital ecosystem for merchant processing. As of 2026, IFS has solidified its position as a digital-first "challenger" bank, leveraging its Plin digital wallet and advanced analytics to capture Peru's unbanked population. It competes directly with Credicorp (BAP), BBVA Perú, and Scotiabank Perú, maintaining a dominant top-three position in consumer loans and life insurance while operating with a leaner, more agile digital infrastructure than its traditional peers. The company is led by Chairman Carlos Rodríguez-Pastor Persivale, whose family acquired the core asset, Interbank, in 1994 and later incorporated IFS as a holding company in 2006. The executive leadership team includes CEO Luis Felipe Castellanos López Torres, a former Citigroup investment banker with an MBA from the Tuck School of Business, and CFO Michela Casassa Ramat, who previously held strategy roles at Unicredit and Boston Consulting Group. Carlos Tori Grande serves as the CEO of Interbank and Executive Vice President of Payments, spearheading the group's technological and GenAI initiatives. IFS is a subsidiary of Intercorp Perú Ltd., which maintains a majority stake, while notable institutional investors include BlackRock, FMR LLC (Fidelity), and Franklin Resources, reflecting the company's status as a premier vehicle for international exposure to the Peruvian financial sector.