Intercorp Financial Services provides banking, insurance, wealth management, and payment services for retail and commercial clients in Peru. The company offers loans, credit facilities, deposits, and current accounts.
Its portfolio also includes life annuity products with single payment and life insurance products, as well as other retail insurance products, and brokerage and investment management services The development, management, operation, and processing of credit and debit cards.
Its portfolio also includes facilitation of payments and services through commercial stores, and installation and maintenance of infrastructure for transactions through electronic commerce modality and networks of payment methods processors. Additionally, it manages mutual funds and investment funds; and provides investment consultancy and related services. Incorporated in 1897, the company is headquartered in Lima, Peru. Intercorp Financial Services Inc. operates as a subsidiary of Intercorp Perú Ltd.
What does Intercorp Financial Services Inc. (IFS) do?
Intercorp Financial Services Inc., listed on the NYSE under the ticker IFS, is a Peruvian financial services holding company. It provides a comprehensive range of banking, insurance, wealth management, and payment services to retail and commercial clients in Peru. Through its subsidiaries, the company offers loans, credit facilities, deposits, and current accounts. Its insurance portfolio includes life annuity products with single payment, life insurance, and other retail insurance products. Additionally, it offers brokerage and investment management services, manages mutual funds and investment funds, and provides investment consultancy. The company also develops, manages, operates, and processes credit and debit cards, facilitates payments through commercial stores, and installs and maintains infrastructure for electronic commerce transactions and payment method processor networks.
Where is Intercorp Financial Services Inc. (IFS) listed and in which currency?
Intercorp Financial Services Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol IFS. Its shares are traded in US Dollars (USD), as the exchange is based in the United States. The company is headquartered in Lima, Peru, and its primary operations are in Peru, but it chooses to list on a major US exchange to attract international investors.
What sector and industry does Intercorp Financial Services Inc. (IFS) belong to?
Intercorp Financial Services Inc. operates in the Financial Services sector, specifically within the Banks - Regional industry. This classification indicates that the company is a regional bank, meaning it focuses on providing banking and financial services to customers within a specific geographic region—in this case, Peru. As a regional bank, it offers a variety of services including loans, deposits, and other financial products tailored to local retail and commercial clients.
Where is Intercorp Financial Services Inc. (IFS) headquartered and what markets does it serve?
Intercorp Financial Services Inc. is headquartered in Lima, Peru, and primarily serves the Peruvian market. The company was incorporated in 1897, giving it a long history in the country. It provides banking, insurance, wealth management, and payment services to both retail and commercial clients within Peru. As a subsidiary of Intercorp Perú Ltd., it leverages local expertise to offer products such as loans, credit facilities, deposits, insurance, and investment management. Its services are designed to meet the financial needs of individuals and businesses in Peru.
How does Intercorp Financial Services Inc. (IFS) make money?
Intercorp Financial Services Inc. generates revenue through a diversified portfolio of financial services. Its core income comes from banking activities, including interest on loans and credit facilities, as well as fees from deposit accounts and current accounts. The insurance segment contributes through premiums from life annuity products, life insurance, and other retail insurance policies. Additionally, the company earns fees from brokerage and investment management services, including managing mutual funds and investment funds. Payment services also generate revenue via credit and debit card processing, facilitation of payments through commercial stores, and infrastructure for electronic commerce transactions. This multi-faceted approach allows the company to capture value across different financial needs of its clients.