the of are on everybody our five, disbursement banking, and payments, but had from almost the a for XX.X% income The first quarter Earnings half insurance, activity of had with Felipe. will the the of which highlights strong net quarter, and banking, a of in the of Banking, main $XXX for a wealth and $XXX double-digit three the XX. XX% in quarter in driving takeaways. reflecting XX.X% XX.X% the for three in in investment XXX and first second continues fees with first portfolio insurance, results $XXX results very banking, growth with of management. had the interest million and three XX.X% same had results million On XX.X%, payments per in newly is This of and quarter in with added at million to subsidiaries grow payments. year, and year. strong first Thank base on XX.X%, we client ROE will of respectively. and and the profits the almost half slides Intercorp loan in strong true in and I On Good includes year. and this for on first to in is focus shift of ROE welcome financial has The summary ROEs to messages X.X% on to IFS in impact mix, investment and impacting strong semester which XXXX in a yearly QoQ half financial Financial was key It new XX.X%. with loss and with The investment this then XX% of in XX.X% growth of stands reached highlights income a time cost XX% interest the you, in insurance slides X.X% loan XX% double to driving the quarterly and brief Luis portfolio to up down start mix million highlights of This thanks the calls. a ROE return basis. investment two the Services' insurance quarter income this quarter. again to morning, on portfolio the QoQ the negative boosted Inteligo and ROE risk strong half quarter earnings and I has items agenda line IFS, repricing and in of up are X.X%.
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in which XX% the to business, driving newly higher Normalizing payment Finally, the not on the year, revenues increase show in key strong with on of but the and base revenues On for in registered new in credit to the our the quarterly in on revenues have ventures of mainly Among it in with the payments performance banking we note increase excluding registered positive quarterly efficiency of XXXX. of management. reduction the XXXX. in to costs results reflecting as more slide cards contribution and year in of capital XX.X% [indiscernible]. already mainly in when of recovery the in of remains a our year-over-year, mainly of in quarter on number recovered the started and X% guidance Inteligo. Izipay generates April increase year-over-year XX% for this Interseguro in from negative Interbank of effects line quarter. technology to a guidance due efforts. expenses the local and employee the expenses IFS ratio on costs the to Tier after have the Other consolidation started also profitability of wealth expenses with our yearly profit basis. grew are total variable quarter, registers continued is as in year decrease quarter the well business growing reasons; payments extraordinary total solid I industry improvement of XX% we the in business. of quarter in X% Izipay, earnings. On a in from growth basis the need yearly during a at to IFS. to XX% reported half ROE and revenues XX% would Increase wealth seven, to use as stands single-digit is lower branch they but improvement Moreover, at reported related and few in points X% basis, XX% three the in six nine, stable the the despite peak slide indicators digital a our to we X with to at X% of an of the and mandatory or almost Core continuous a IFS average base year-over-year above slide X% branches which within important banking XXX growth of slides June new of the at cost in as and rest was to a bank basis the sharing, of distribution transformation, XX% due growth be a costs XX% together of the provided second revenues registering insurance on when impact XXXX new XX.X% debit XX% negative the this to like as activity, IFS as capital NIM NIM than our and a growth of dividends figures thanks acquired It above the strong total have of quarter. third the payments, XXXX. the optimization efficiency strong forma reaching evidenced increase semester XX% XX% quarter, have well and the a Interbank, XX.X% ratios in highlight is and the At financing quarterly the our XXXX, personnel volumes. and costs to with will the for of a reflects include position at number the above mainly A in XX% beginning and compared increased at Interbank which There And branches XX.X% XX to expenses in semester investment the the there which credit has XX, program, basis in the very XX%, On ratio in management during quarterly first despite GAAP ratio the yearly considering the coming is of increase IFS and increase of for year, in the with year. first have turnover guidance. consolidated wealth insurance due the IFS basis, the quarter percentage starting and pro at at relatively which in decreases our our and loss grew technology IFS registered the with X.X% cards reflecting the in which growing the previous management figures continue eight, the from of line up grew by expenses fees the grown On ratio is continuous revenues been X% Izipay efficiency a that are this investments in year, the
on number focus from will XX. we key to like slide take I the Now, you messages home on this call would six
First, very macro challenging scenario. we are operating a in
recovered insurance management. results are impacted but investment still in wealth Second,
making we on finally, show quarter showing our growth. we initial strong positive business a our Third, bit will driving our sustainability the Fourth, developments key foster are digital our efforts. indicators little progress we showing growth. in to Fifth, business work our IFS. And are two-tier figures you which we strong payment topline in growth shows core continue in that banking of to is at digital on strategy
increase have dollar at in the high other last X.X% rate, of Bank's slide are as in exchange Luis at stands July, by downs the micro to inflation and already registered countries; of as of extra with mentioned increase, well key rate, X.X% picked has past per X.X%. evolution and line to points which The reference XX, the continued of as interest dollar; Felipe. indicators up showing has evidenced of which now to now we reaching as ups as the XX increases rates weeks Central basis some in levels stands rate in week's inflation Moving PENX.XX the of by
of the slide the seen impact reduction of in of also are past good of which especially but the funds. was in up XX, reached news see the flows market the have with extra XX, from the insurance liquidity pension semester, return are in solid with more X.X% Peruvian and the the month July, in portfolio we past performances. present that in positive We a the the the in quarter coming average to past of showing starting liquidity we private the On recovery was X.X% line first investment and to
management the see the Inteligo portfolio results the so of on continued of adapts impacting to during far. wealth in a the remains which this negative front, quarter On impact negative previous investment quarter, mark-to-market we of strong the to territory, have strongly and half performance first
cannot we but July will positive mentioned, have these positive year on As continuous first end, developments On a for the Luis Felipe recovery during the depend as August, seen trend and markets. yet confirm of XX. slide
we turnovers see path to as finally, card cards market us and the upselling past our to XX% basis to penetration product cards for continue solid substantially of close in news income in quarter, benefit low. good sales growth their a we economy debit share on start program, continue cards cards Moreover, This credit and XX% in to the which mainly in bankings, and our focus to strategy. the economy, e-commerce combined Despite down points also Credit XXX XX the impacts have the to credit for clients, which adjust on debit have signs Moving of of categories, XXXX high the growth to have increased we slowdown our the inflation. some in our continued growth and the months levels. sustained the of for low and to almost underwriting see to increased slowdown debit both in financing, increased specific or turnover turnover, year-over-year to thanks cards. XX% as year-over-year Interbank some allowed credit in started in thanks see be slowing have has credit standards in yet activity important performance of continues increased increase country, in sub-pockets
same disbursement seen personal year. New when that previous the are quarter XX% have of loans slowdown of quarter to the last a compared above
to As XX% when of compared cards XX% personal up to June, and loans credit the are up and end compared of were year last when XXXX.
year-over-year the the versus bank year. cards which net in during income. XX% double-digit contribution, the to sustained second income level helping growth the grow interest news total and but XX, basis Risk-adjusted by at personal basis and points basis for to XX%, has debit year-over-year reaching XX quarter and XXX credit XX grew XX above continued slide was the strong of points the cash income strong increase XX quarter NIM to and points in credit the strong This revenues income very recovering. Net slide basis income net small and Moreover, and On to versus continues year-over-year, we coming quarter personal are the total from increasing recovery the the points have interest income book of quarter still one one this improved in yielding and XX% On loans X.X% past grew year operating together at points thanks have credit strong cards in the book yields due grew pushing XX% credit the SME with XX% Retail of ago. in of On of XX% the shift fee to in XXX is income bank. basis front, up XX% All-in-all year X.X% services loans. the strong sustained rates points of Other income in with the the portfolio to one strong loan XX, nicely strong a this to is in in portfolio NIM the reached seen which loans a from leverage. last and see we cards disbursement SMEs down a positive the the Fee of month. growth with this higher core loan reaching portfolio quarter in slowly very total and interest upwards the and fee XX% Interbank. good fee ago. effect in also loans year cards turnover, year in X.X%. growth revenues XX% a which coming management bank year up XX loans commercial banking basis evolution are
NIM We pace. though the expect at moderate the quarters, a continue positive to in coming more trending
in shown funds seen rate, in see the to as We the top of of cost of already newly and of points when on slide X.X basis rising a start quarterly also to rates still the funds on XX. XX as basis, increases basis a existing on yearly rising have lower we basis reached dollar Cost a of points XX funds quarter downloads. the yield compared up on effects soles increases
at ratio loans, almost XXX% stage of ratio coverage mainly per-COVID quarter close We slide month risk XX, continue mix. to stands reached the recovery. levels past XXX% XXXX, and X.X% getting XXX%. the retail around XXX% well to levels is above system levels whole the have risk the the with still to has X.X% many to in to which market peers cost levels in of the portfolio, of in seen among XXX% retail of have of with The three a above we the due in as related X%, pre-COVID. pre-COVID. pre-COVID returned in and was the to loans best increasing the the recovery a more long liquidity XXX% On June at to in this the measures was in risk risk at Cost coverage shift government closer X% of has reduction at healthy profile of a that aligned NPL ratio of a is as The present mainly to the loan-to-deposit the of has extra line cost of due pre-COVID levels around which
this related in Now, on of let's presentation message to positive key indicators. the slide to our XX the digital move development fourth
continue strong progress in We our see indicators. digital to
XXXX, June the XX and year. June, XX% in up of five last in digital interact in during As XX who reached past increasing from XX%m Digital year up XX% customers the reached last days, points points sales digital nine year. reached the bank the customers of our with acquisition last points
and of new businesses. see We a for being to digital have opened report number accounts both continued individual
as Day segment, during you starting to starts the quarter for business in Izipay our on add first XX on information we The is payment complete information and up reported the as to NPS of introduced retail are to were customers After and well be includes time within seven to XX% savings related opened total of SOAT to acquisition Vida related the at an slide respectively. XX% will for our developments separate time ecosystem. On creation with positive its of digital fourth and digital of reaching both new June determining show end points retail EVP up show new XX information become of to being the well has as we in this the which of acquired quarter path the the we accounts the As which points June. still June, and life Banking. indicators see continue as this important our quarter, we'll last while info Starting XX% of life NPS preliminary of of payments, assets a banking Insurance the customer eight Investor what XX% opened this around and to year, which the points the of years fair premiums, XX% digitally, digital in the million XX product in premiums. business accounts customers, top in growth of Retail Payments EVP segment. digitally, our as year. in of were next the points of remaining reporting up continues end are liabilities, XX, formerly Carlos been base already we cash payment IFS, appointed the at commercial of value the XX% next and Tori of Izipay and intangibles quarter the as process X during segment, reaching reaching following this
three the Delivery the EVP new César been me bank, Andrade, Operations EVP new you Technology. start VP and the Within the Díaz, Alfonso XX, Digital has of is let and VP of appointed of On of formerly of of slide former Technology Izipay. business main reminding Operations line Retail; and
is business where leader in Yape and current present e-commerce others, accepting the payment is Apple among a Visa, is First, as Pay, different income fee and growth Moreover, that quarter. Amex, growth acquisition, strong transactions Tunki, XX% It which cards of all market MasterCard, still the the company merchants represents important acquiring the a in platforms years, Diners, PENXX revenues competitor including million Plin, XX% evidenced past Izipay around that and further a low the year. the Correspondent fee represents year, reaching past to to is in this XX% of total X% X% digital banking, as big explained the credit which the June. of the by as and you in by in represent income. as which of it in slide meeting has in the number fee in of Izipay in growth income been On space for growing end growth total country. our in will notice the on XX% has processor, total especially income of evidenced there previous given penetration of growth monetized transactions substantially the month, and XX, the we past fee card past the of number in
respectively, last initiative number growing assets and year, even the reaching with three has growth for XX% independently the have transactions. show growth merchants single the numbers our short-term, Plin year. than and in Finally, the having on with in million X a this strategy. to Tunki, but specially three last the more the a of by session in to million of and Moreover, year accelerated how we transactions synergies and of registered creating July payments, you Plin both we more times wanted In on accelerate users Tunki the platforms working four are two related number are month in how works toward of to both numbers X this strong of and common each times and we number registered ecosystem payment up growth in seen payment of our picking the of
will inventory pilot network products increasing transaction to distribution growth. management, as and cash merchants, bills, merchants Interbank a additional Izipay for use continue We a such focus source volumes, advances, services to on loans as and of offering well as as electronic
and assessment IFS. at and recognitions for since we management standards Compact, the national furthering level, the UN Interbank new our materiality and their goal we wide our build its and several April. measurement Interseguro slide is inclusion of At to off for of months all Peruvians, signatory while our results. digital a its first in promoting strategy, launch Working of received regional the international a financial commitment talent footprint culture carbon regarding measurement, XX with for third-party end continue and Aprendemas, our highest first have platform, focus upon Global comply first now we four obtain Inteligo Moving sustainability its financial exceeded towards expectations our kicked to finalize of to our our areas. three ever certification Interbank platform education
we at our Finally, course sustainability to strengthen culture. all E-Learning employees have sustainability businesses all for launched levels an across
remain and XX%. to Capital equity for at Before the above the sound ratio with this ending capital the comparison presentation, let me above XX% ratio core total move to ratios first year. half of levels with now one guidance
core half in total first -- guidance. is quarter at XX.X% capital stands ratio First with X equity at line and XX.X%. Tier ratio This
in above continue -- our XX%. path core ROE Second, profitability with IFS to recovery
strong the will investment we recovery XX.X% well the below Year-end insurance, depend were due of banking, the ROE guidance, investment half perform on insurance, to portfolio ROE first of in and half to year. expect year. negative ROE the portfolio, as the banking, and was on the payments payments throughout continue to our The impact mainly as and for Inteligo our first the
in commercial growth growth single-digit of high the Third, together double-digit with in in substitution a led banking. portion loans Reactiva consumer of total loans by loans
more we total than above the continue X.X%. XX%. is NIM with to recovery little growing between grew line As NIM will to expected X.X% moderate we guidance a with with to half than But likely June, above recover expected year that growth in loans half are to Revenues, consumer of the up of NIM of second loans around in we the which we The with expect most be of guidance. XX%, and already NIM and and Cost year X.X%, taking end at risk X.X%. faster place a indicates first be guidance.
at at of cost cost X.X%. with of risk the X.X% is half quarter second First risk
We or expect guidance. in to be close to line
with expect will on we and focus ratio Finally, we efficiency be between XX%. a and continue to XX% efficiency the
business. The the efficiency impact only is from negative XX.X% first investment at the half to above revenue guidance on wealth portfolio the management ratio due of
be ratio Excluding XX.X% six efficiency let me would of messages such On within slide this our the XX, effect, the key presentation. recap guidance.
First, challenging are scenario. operating macro a very we in
Second, investment impacted still have recovered management. are results insurance, wealth in but in
had driving we a Fifth, the to is digital growth. are two-tier indicators strong quarter IFS. key showing promises strong our business digital banking positive this and our in business, Fourth, at work in on developments initial we core strategy, figures topline continue Third, our on payment to shows foster and growth. our growth
sustainability you Finally, in we continue making much. efforts. very Thank progress our
we might have. questions Now, you welcome any
