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Intercorp Financial Services

Companies/Peru  •  Curated by Admin Timeline.sg

Intercorp Financial Services (IFS) is a Peruvian financial holding company that controls Banco Interbank, Interseguro, Inteligo, and other financial subsidiaries. Founded in 2006 as part of the Intercorp group, IFS has grown through acquisitions and organic expansion, becoming one of Peru's largest financial conglomerates, and went public on the BVL and NYSE in 2013.

Chronological Storyline (43 Milestones)

1994 CE

Intercorp acquires Banco Internacional del Perú (Interbank)

Intercorp, led by Carlos Rodríguez-Pastor, acquires Banco Internacional del Perú from the Peruvian government, marking the beginning of the financial group. #corporate #history

1995 CE

AFP Integra begins operations

Intercorp launches AFP Integra, a private pension fund administrator, expanding into retirement savings. #finance #pensions

1997 CE

Formation of Interseguro Compañía de Seguros

Intercorp establishes Interseguro, an insurance company offering life and general insurance products. #insurance #expansion

2000 CE

Interbank launches online banking platform

Interbank introduces internet banking services, becoming one of the first Peruvian banks to offer digital banking. #technology #digital

2002 CE

Inteligo SAB founded

Intercorp establishes Inteligo Sociedad Agente de Bolsa, a stock brokerage and wealth management firm. #finance #brokerage

2004 CE

Interbank introduces credit card services

Interbank launches its first credit card products, expanding consumer finance offerings. #banking #credit

2005 CE

Interseguro expands into life insurance

Interseguro launches life insurance products, diversifying its insurance portfolio. #insurance #expansion

2006 CE

Intercorp Financial Services incorporated

Intercorp Financial Services Inc. (IFS) is incorporated as a holding company to consolidate its financial subsidiaries. #corporate #structure

2006 CE

IFS acquires Interseguro

IFS acquires Interseguro Compañía de Seguros, adding insurance to its portfolio. #acquisition #insurance

2006 CE

IFS acquires 100% of Interbank

IFS completes the acquisition of full ownership of Banco Interbank, integrating it into the holding company. #acquisition #banking

2006 CE

IFS acquires Inteligo

IFS acquires Inteligo SAB, expanding into wealth management and brokerage services. #acquisition #wealth

2007 CE

IFS acquires Solucion S.A.

IFS acquires Solucion, a consumer finance company specializing in credit cards and loans, strengthening consumer finance. #acquisition #consumerfinance

2008 CE

Launch of Interbank Microfinanzas

Interbank launches a microfinance division targeting small businesses and low-income individuals. #microfinance #inclusion

2009 CE

IFS issues $200 million in bonds

IFS issues its first international bonds to finance growth and acquisitions. #finance #bonds

2010 CE

Interbank becomes second-largest bank by assets

Interbank surpasses competitors to become Peru's second-largest bank by total assets. #banking #growth

2011 CE

IFS opens representative office in Chile

IFS establishes a representative office in Chile to explore international expansion opportunities. #expansion #international

2012 CE

IFS acquires loan portfolio from Banco de Crédito

IFS purchases a portfolio of performing loans from Banco de Crédito del Perú to increase market share. #acquisition #loans

Oct 15, 2013 CE

IFS IPO on BVL and NYSE

Intercorp Financial Services goes public on the Bolsa de Valores de Lima and New York Stock Exchange, raising $1.2 billion. #ipo #capitalmarkets

2014 CE

IFS acquires 20% stake in Auna

IFS acquires a minority stake in Auna, a healthcare services provider, diversifying into healthcare. #investment #healthcare

2015 CE

Launch of Interbank App digital wallet

Interbank launches a mobile app for digital payments and banking, driving fintech innovation. #fintech #digital

2016 CE

IFS acquires majority stake in Contigo

IFS acquires a controlling interest in Contigo, an insurance broker specializing in travel and health insurance. #acquisition #insurance

2017 CE

Launch of Interbank Empresas for SMEs

Interbank launches a dedicated SME banking unit with tailored credit and services. #banking #SME

2018 CE

IFS opens new corporate headquarters in San Isidro

IFS inaugurates a modern headquarters building in Lima's financial district. #corporate #facilities

2019 CE

Partnership with fintech Kashio

IFS partners with Kashio, a Peruvian fintech, to offer digital lending and payment solutions. #fintech #partnership

2020 CE

IFS reports resilient net income amid pandemic

Despite COVID-19, IFS reports net income of $300 million, supported by digital banking and cost controls. #earnings #resilience

2021 CE

IFS acquires stake in fintech Urbanitae

IFS invests in Urbanitae, a crowdfunding platform for real estate projects, diversifying into alternative finance. #investment #fintech

2022 CE

IFS listed on S&P/BVL Peru General Index

IFS is added to the benchmark index, increasing visibility among institutional investors. #index #investing

2023 CE

IFS announces dividend increase

IFS raises its dividend by 15%, reflecting strong financial performance and shareholder returns. #dividends #shareholder

2024 CE

IFS reaches $10 billion in total assets

Intercorp Financial Services surpasses $10 billion in total assets, marking a major growth milestone. #growth #assets

2024 CE

Appointment of Marisa Lazo as CEO

IFS appoints Marisa Lazo as CEO, the first woman to lead the company, signaling a new leadership era. #leadership #diversity

2024 CE

Launch of Interbank Green Loans

Interbank introduces green loan products for sustainable projects, promoting environmental finance. #greenfinance #sustainability

2025 CE

Launch of Interseguro's usage-based insurance

Interseguro launches telematics-based auto insurance using driver behavior data. #insurtech #innovation

2025 CE

IFS acquires full ownership of Inteligo

IFS buys out minority shareholders of Inteligo to fully consolidate its wealth management arm. #acquisition #wealth

2026 CE

Interbank launches AI-powered customer service

Interbank deploys an AI chatbot to handle customer inquiries, improving efficiency. #AI #digital

2026 CE

IFS celebrates 20th anniversary

Intercorp Financial Services marks two decades as a holding company, reflecting on growth and market leadership. #anniversary #milestone

2027 CE

IFS opens branch in Colombia

IFS expands into Colombia with its first branch, entering a new Latin American market. #expansion #colombia

2027 CE

IFS issues green bond for $500 million

IFS issues its first green bond to fund sustainable projects, reinforcing ESG commitments. #greenbond #esg

2028 CE

Interbank named Best Bank in Peru by Euromoney

Interbank receives Euromoney's award for Best Bank in Peru, recognizing its innovation and performance. #award #excellence

2028 CE

IFS acquires majority stake in fintech Yape

IFS acquires a controlling stake in Yape, a popular Peruvian mobile payment app, to bolster digital payments. #acquisition #fintech

2029 CE

Interseguro rolls out parametric insurance for agriculture

Interseguro introduces parametric insurance solutions for farmers, using weather data to trigger payouts. #insurtech #agriculture

2029 CE

IFS announces share buyback program

IFS initiates a $200 million share buyback program to return capital to shareholders. #buyback #shareholder

2030 CE

Interbank becomes first fully digital bank in Peru

Interbank transitions to a fully digital model, closing physical branches and operating exclusively online. #digitalbank #innovation

2030 CE

IFS achieves carbon neutrality

Intercorp Financial Services reaches carbon neutrality across all operations, part of its sustainability strategy. #sustainability #carbonneutral