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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed_lbl" xml:lang="en-US">Guarantee funds, reverse repurchase agreements and securities borrowings</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InvestmentAbstract" xlink:label="bap_InvestmentAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InvestmentAbstract" xlink:to="bap_InvestmentAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InvestmentAbstract_lbl" xml:lang="en-US">Investment [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_InvestmentAbstract_lbl" xml:lang="en-US">Investments:</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FairValueOfInvestmentsThroughOtherProfitLoss" xlink:label="bap_FairValueOfInvestmentsThroughOtherProfitLoss" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FairValueOfInvestmentsThroughOtherProfitLoss" xlink:to="bap_FairValueOfInvestmentsThroughOtherProfitLoss_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FairValueOfInvestmentsThroughOtherProfitLoss_lbl" xml:lang="en-US">It represents the fair value of investments through other profit loss.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FairValueOfInvestmentsThroughOtherProfitLoss_lbl" xml:lang="en-US">Fair Value Of Investments Through Other Profit Loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FairValueOfInvestmentsThroughOtherProfitLoss_lbl" xml:lang="en-US">At fair value through profit or loss</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:label="ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:to="ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_lbl" xml:lang="en-US">Financial assets measured at fair value through other comprehensive income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_lbl" xml:lang="en-US">At fair value through other comprehensive income</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FairValueOfInvestmentsThroughOtherComprehensiveIncomePledgedAsCollateral" xlink:label="bap_FairValueOfInvestmentsThroughOtherComprehensiveIncomePledgedAsCollateral" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FairValueOfInvestmentsThroughOtherComprehensiveIncomePledgedAsCollateral" xlink:to="bap_FairValueOfInvestmentsThroughOtherComprehensiveIncomePledgedAsCollateral_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FairValueOfInvestmentsThroughOtherComprehensiveIncomePledgedAsCollateral_lbl" xml:lang="en-US">The amount of fair value of investments through other comprehensive income pledged as a collateral.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FairValueOfInvestmentsThroughOtherComprehensiveIncomePledgedAsCollateral_lbl" xml:lang="en-US">Fair value of investments Through other comprehensive income pledged as collateral</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_FairValueOfInvestmentsThroughOtherComprehensiveIncomePledgedAsCollateral_lbl" xml:lang="en-US">At fair value through other comprehensive income pledged as collateral</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" xlink:to="ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome_lbl" xml:lang="en-US">Financial assets at fair value through other comprehensive income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome_lbl" xml:lang="en-US">Investments at fair value through other comprehensive income, Note 6(b)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome_lbl" xml:lang="en-US">Total at fair value through other comprehensive income investments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome_lbl" xml:lang="en-US">At fair value through other comprehensive income</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsAtAmortisedCost" xlink:label="ifrs-full_FinancialAssetsAtAmortisedCost" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtAmortisedCost" xlink:to="ifrs-full_FinancialAssetsAtAmortisedCost_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAtAmortisedCost_lbl" xml:lang="en-US">Financial assets at amortised cost</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsAtAmortisedCost_lbl" xml:lang="en-US">Amortized cost investments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_FinancialAssetsAtAmortisedCost_lbl" xml:lang="en-US">Amortized cost</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FinancialAssetsAtAmortisedCostPledgedAsCollateral" xlink:label="bap_FinancialAssetsAtAmortisedCostPledgedAsCollateral" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FinancialAssetsAtAmortisedCostPledgedAsCollateral" xlink:to="bap_FinancialAssetsAtAmortisedCostPledgedAsCollateral_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FinancialAssetsAtAmortisedCostPledgedAsCollateral_lbl" xml:lang="en-US">It represents the amount of amortized cost pledged as a collateral.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FinancialAssetsAtAmortisedCostPledgedAsCollateral_lbl" xml:lang="en-US">Financial Assets At Amortised Cost Pledged As Collateral</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_FinancialAssetsAtAmortisedCostPledgedAsCollateral_lbl" xml:lang="en-US">Amortized cost pledged as collateral</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AmortizedCostInvestments" xlink:label="bap_AmortizedCostInvestments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AmortizedCostInvestments" xlink:to="bap_AmortizedCostInvestments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AmortizedCostInvestments_lbl" xml:lang="en-US">Amount of total value of amortized cost investments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AmortizedCostInvestments_lbl" xml:lang="en-US">Amortized Cost Investments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="bap_AmortizedCostInvestments_lbl" xml:lang="en-US">Total amortized cost Investments</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_LoansAndAdvancesAbstract" xlink:label="bap_LoansAndAdvancesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_LoansAndAdvancesAbstract" xlink:to="bap_LoansAndAdvancesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_LoansAndAdvancesAbstract_lbl" xml:lang="en-US">Loans and advances [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_LoansAndAdvancesAbstract_lbl" xml:lang="en-US">Loans, net:</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_LoansNetOfUnearnedIncome" xlink:label="bap_LoansNetOfUnearnedIncome" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_LoansNetOfUnearnedIncome" xlink:to="bap_LoansNetOfUnearnedIncome_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_LoansNetOfUnearnedIncome_lbl" xml:lang="en-US">The amount of loans which is net of unearned income the entity has made to customers.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_LoansNetOfUnearnedIncome_lbl" xml:lang="en-US">Loans, net of unearned income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_LoansNetOfUnearnedIncome_lbl" xml:lang="en-US">Loans, net of unearned income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="bap_LoansNetOfUnearnedIncome_lbl" xml:lang="en-US">Total direct loans</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Provisions" xlink:label="ifrs-full_Provisions" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Provisions" xlink:to="ifrs-full_Provisions_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Provisions_lbl" xml:lang="en-US">Provisions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_Provisions_lbl" xml:lang="en-US">Allowance for loan losses</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_Provisions_lbl" xml:lang="en-US">Allowance for loan losses</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_Provisions_lbl" xml:lang="en-US">Allowance for loan losses</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LoansAndAdvancesToCustomers" xlink:label="ifrs-full_LoansAndAdvancesToCustomers" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LoansAndAdvancesToCustomers" xlink:to="ifrs-full_LoansAndAdvancesToCustomers_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LoansAndAdvancesToCustomers_lbl" xml:lang="en-US">Loans and advances to customers</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LoansAndAdvancesToCustomers_lbl" xml:lang="en-US">Loans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_LoansAndAdvancesToCustomers_lbl" xml:lang="en-US">Total loans, net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_LoansAndAdvancesToCustomers_lbl" xml:lang="en-US">Total direct loans, net</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss" xlink:to="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss_lbl" xml:lang="en-US">Financial assets designated at fair value through profit or loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss_lbl" xml:lang="en-US">Financial assets at fair value through profit or loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss_lbl" xml:lang="en-US">At fair value through profit or loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss_lbl" xml:lang="en-US">Financial assets designated at fair value through profit or loss</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherReceivables" xlink:label="ifrs-full_OtherReceivables" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherReceivables" xlink:to="ifrs-full_OtherReceivables_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherReceivables_lbl" xml:lang="en-US">Other Receivables</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherReceivables_lbl" xml:lang="en-US">Premiums and other policies receivable</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OtherReceivables_lbl" xml:lang="en-US">Premium and other policies receivable</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AccountsReceivablesFromReinsurersAndCoinsurers" xlink:label="bap_AccountsReceivablesFromReinsurersAndCoinsurers" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AccountsReceivablesFromReinsurersAndCoinsurers" xlink:to="bap_AccountsReceivablesFromReinsurersAndCoinsurers_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AccountsReceivablesFromReinsurersAndCoinsurers_lbl" xml:lang="en-US">The amount of accounts receivables from reinsurers and co-insurers.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AccountsReceivablesFromReinsurersAndCoinsurers_lbl" xml:lang="en-US">Accounts receivables from reinsurers and coinsurers</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_AccountsReceivablesFromReinsurersAndCoinsurers_lbl" xml:lang="en-US">Accounts receivable from reinsurers and coinsurers</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PropertyPlantAndEquipment" xlink:label="ifrs-full_PropertyPlantAndEquipment" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipment" xlink:to="ifrs-full_PropertyPlantAndEquipment_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PropertyPlantAndEquipment_lbl" xml:lang="en-US">Property, plant and equipment</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_PropertyPlantAndEquipment_lbl" xml:lang="en-US">Balance Ending</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_PropertyPlantAndEquipment_lbl" xml:lang="en-US">Balance Begining</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PropertyPlantAndEquipment_lbl" xml:lang="en-US">Net carrying amount</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_PropertyPlantAndEquipment_lbl" xml:lang="en-US">Property, furniture and equipment, net</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TradeReceivables" xlink:label="ifrs-full_TradeReceivables" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeReceivables" xlink:to="ifrs-full_TradeReceivables_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TradeReceivables_lbl" xml:lang="en-US">Trade receivables</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_TradeReceivables_lbl" xml:lang="en-US">Due from customers on acceptances</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IntangibleAssetsAndGoodwill" xlink:label="ifrs-full_IntangibleAssetsAndGoodwill" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleAssetsAndGoodwill" xlink:to="ifrs-full_IntangibleAssetsAndGoodwill_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IntangibleAssetsAndGoodwill_lbl" xml:lang="en-US">Intangible assets and goodwill</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IntangibleAssetsAndGoodwill_lbl" xml:lang="en-US">Intangible assets and goodwill, net</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RightofuseAssets" xlink:label="ifrs-full_RightofuseAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RightofuseAssets" xlink:to="ifrs-full_RightofuseAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RightofuseAssets_lbl" xml:lang="en-US">Right-of-use assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:label="ifrs-full_RightofuseAssets_lbl" xml:lang="en-US">Balance at the end</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:label="ifrs-full_RightofuseAssets_lbl" xml:lang="en-US">Balance at the beginning</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_RightofuseAssets_lbl" xml:lang="en-US">Right-of-use assets, net</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NetDeferredTaxAssets" xlink:label="ifrs-full_NetDeferredTaxAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NetDeferredTaxAssets" xlink:to="ifrs-full_NetDeferredTaxAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NetDeferredTaxAssets_lbl" xml:lang="en-US">Net deferred tax assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NetDeferredTaxAssets_lbl" xml:lang="en-US">Deferred tax assets, net</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherAssets" xlink:label="ifrs-full_OtherAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherAssets" xlink:to="ifrs-full_OtherAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherAssets_lbl" xml:lang="en-US">Other Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_OtherAssets_lbl" xml:lang="en-US">Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OtherAssets_lbl" xml:lang="en-US">Other assets</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Assets" xlink:label="ifrs-full_Assets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Assets" xlink:to="ifrs-full_Assets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="ifrs-full_Assets_lbl" xml:lang="en-US">Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Assets_lbl" xml:lang="en-US">Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Assets_lbl" xml:lang="en-US">Total assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_Assets_lbl" xml:lang="en-US">Total assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_Assets_lbl" xml:lang="en-US">Total monetary assets</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAndLiabilitiesAbstract" xlink:label="ifrs-full_EquityAndLiabilitiesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAndLiabilitiesAbstract" xlink:to="ifrs-full_EquityAndLiabilitiesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityAndLiabilitiesAbstract_lbl" xml:lang="en-US">Equity and liabilities [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_EquityAndLiabilitiesAbstract_lbl" xml:lang="en-US">Liabilities</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DepositsAndObligationsAbstract" xlink:label="bap_DepositsAndObligationsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DepositsAndObligationsAbstract" xlink:to="bap_DepositsAndObligationsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DepositsAndObligationsAbstract_lbl" xml:lang="en-US">Deposits and obligations [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DepositsAndObligationsAbstract_lbl" xml:lang="en-US">Deposits and obligations:</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_NonInterestBearingDeposits" xlink:label="bap_NonInterestBearingDeposits" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_NonInterestBearingDeposits" xlink:to="bap_NonInterestBearingDeposits_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_NonInterestBearingDeposits_lbl" xml:lang="en-US">The amount of non interest bearing deposit from customers as well as banks held by the entity.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_NonInterestBearingDeposits_lbl" xml:lang="en-US">Non interest bearing deposits</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_NonInterestBearingDeposits_lbl" xml:lang="en-US">Non-interest-bearing</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InterestBearingDeposits" xlink:label="bap_InterestBearingDeposits" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InterestBearingDeposits" xlink:to="bap_InterestBearingDeposits_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_InterestBearingDeposits_lbl" xml:lang="en-US">The amount of interest bearing deposit from customers as well as banks held by the entity.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InterestBearingDeposits_lbl" xml:lang="en-US">Interest bearing deposits</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_InterestBearingDeposits_lbl" xml:lang="en-US">Interest-bearing</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DepositsFromCustomers" xlink:label="ifrs-full_DepositsFromCustomers" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DepositsFromCustomers" xlink:to="ifrs-full_DepositsFromCustomers_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DepositsFromCustomers_lbl" xml:lang="en-US">Deposits from customers</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DepositsFromCustomers_lbl" xml:lang="en-US">Deposits and obligations</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DepositsFromCustomers_lbl" xml:lang="en-US">Deposits and obligations</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_DepositsFromCustomers_lbl" xml:lang="en-US">Deposits and obligations</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DepositsFromCustomers_lbl" xml:lang="en-US">Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:label="ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:to="ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent_lbl" xml:lang="en-US">Payables from repurchase agreements and security lendings</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent_lbl" xml:lang="en-US">Repurchase agreements and cash collateral on securities lent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent_lbl" xml:lang="en-US">Payables from repurchase agreements and security Lendings</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent_lbl" xml:lang="en-US">Payables from repurchase agreements and securities lending</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DepositsFromBanks" xlink:label="ifrs-full_DepositsFromBanks" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DepositsFromBanks" xlink:to="ifrs-full_DepositsFromBanks_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DepositsFromBanks_lbl" xml:lang="en-US">Deposits from banks</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DepositsFromBanks_lbl" xml:lang="en-US">Due to bank and correspondents</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DepositsFromBanks_lbl" xml:lang="en-US">Due to banks and correspondents</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_DepositsFromBanks_lbl" xml:lang="en-US">Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DepositsFromBanks_lbl" xml:lang="en-US">Due to banks and correspondents</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PayablesOnAcceptances" xlink:label="bap_PayablesOnAcceptances" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PayablesOnAcceptances" xlink:to="bap_PayablesOnAcceptances_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PayablesOnAcceptances_lbl" xml:lang="en-US">The amount outstanding and payable on banker's acceptances.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PayablesOnAcceptances_lbl" xml:lang="en-US">Payables on acceptances</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PayablesOnAcceptances_lbl" xml:lang="en-US">Bankers' acceptances outstanding</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_PayablesOnAcceptances_lbl" xml:lang="en-US">Banker's acceptances outstanding</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LiabilitiesArisingFromInsuranceContracts" xlink:label="ifrs-full_LiabilitiesArisingFromInsuranceContracts" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LiabilitiesArisingFromInsuranceContracts" xlink:to="ifrs-full_LiabilitiesArisingFromInsuranceContracts_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/disclosureGuidance" xlink:label="ifrs-full_LiabilitiesArisingFromInsuranceContracts_lbl" xml:lang="en-US">Accounts payable to reinsurers</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LiabilitiesArisingFromInsuranceContracts_lbl" xml:lang="en-US">Liabilities under insurance contracts and reinsurance contracts issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_LiabilitiesArisingFromInsuranceContracts_lbl" xml:lang="en-US">Balances at the end of the period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_LiabilitiesArisingFromInsuranceContracts_lbl" xml:lang="en-US">Balances at the beginning of the period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LiabilitiesArisingFromInsuranceContracts_lbl" xml:lang="en-US">Accounts payable to reinsurers and coinsurers</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LeaseLiabilities" xlink:label="ifrs-full_LeaseLiabilities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LeaseLiabilities" xlink:to="ifrs-full_LeaseLiabilities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LeaseLiabilities_lbl" xml:lang="en-US">Lease liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_LeaseLiabilities_lbl" xml:lang="en-US">Lease liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_LeaseLiabilities_lbl" xml:lang="en-US">Lease liabilities</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss" xlink:label="ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss" xlink:to="ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss_lbl" xml:lang="en-US">Financial liabilities at fair value through profit or loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss_lbl" xml:lang="en-US">Financial liabilities at fair value through profit or loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss_lbl" xml:lang="en-US">Financial liabilities at fair value through profit or loss</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_UnearnedPremiums" xlink:label="ifrs-full_UnearnedPremiums" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UnearnedPremiums" xlink:to="ifrs-full_UnearnedPremiums_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_UnearnedPremiums_lbl" xml:lang="en-US">Unearned Premiums</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_UnearnedPremiums_lbl" xml:lang="en-US">Technical reserves for claims and insurance premiums</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_UnearnedPremiums_lbl" xml:lang="en-US">Technical reserves for insurance claims and premiums</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NotesAndDebenturesIssued" xlink:label="ifrs-full_NotesAndDebenturesIssued" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NotesAndDebenturesIssued" xlink:to="ifrs-full_NotesAndDebenturesIssued_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NotesAndDebenturesIssued_lbl" xml:lang="en-US">Notes and debentures issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_NotesAndDebenturesIssued_lbl" xml:lang="en-US">Bonds and notes issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NotesAndDebenturesIssued_lbl" xml:lang="en-US">Bonds and Notes issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NotesAndDebenturesIssued_lbl" xml:lang="en-US">Bonds and notes issued</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NetDeferredTaxLiabilities" xlink:label="ifrs-full_NetDeferredTaxLiabilities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NetDeferredTaxLiabilities" xlink:to="ifrs-full_NetDeferredTaxLiabilities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NetDeferredTaxLiabilities_lbl" xml:lang="en-US">Net deferred tax liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NetDeferredTaxLiabilities_lbl" xml:lang="en-US">Deferred tax liabilities, net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NetDeferredTaxLiabilities_lbl" xml:lang="en-US">Deferred income tax, Note 18</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherLiabilities" xlink:label="ifrs-full_OtherLiabilities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherLiabilities" xlink:to="ifrs-full_OtherLiabilities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherLiabilities_lbl" xml:lang="en-US">Other Liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_OtherLiabilities_lbl" xml:lang="en-US">Other liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_OtherLiabilities_lbl" xml:lang="en-US">Total other liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OtherLiabilities_lbl" xml:lang="en-US">Other liabilities</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Liabilities" xlink:label="ifrs-full_Liabilities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Liabilities" xlink:to="ifrs-full_Liabilities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="ifrs-full_Liabilities_lbl" xml:lang="en-US">Total liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Liabilities_lbl" xml:lang="en-US">Liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_Liabilities_lbl" xml:lang="en-US">Total monetary liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/presentationGuidance" xlink:label="ifrs-full_Liabilities_lbl" xml:lang="en-US">Liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Liabilities_lbl" xml:lang="en-US">Total liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_Liabilities_lbl" xml:lang="en-US">Total liabilities</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAbstract" xlink:label="ifrs-full_EquityAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAbstract" xlink:to="ifrs-full_EquityAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityAbstract_lbl" xml:lang="en-US">Equity [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_EquityAbstract_lbl" xml:lang="en-US">Equity, net</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_EquityAttributableToOwnersOfParentAbstract" xlink:label="bap_EquityAttributableToOwnersOfParentAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_EquityAttributableToOwnersOfParentAbstract" xlink:to="bap_EquityAttributableToOwnersOfParentAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_EquityAttributableToOwnersOfParentAbstract_lbl" xml:lang="en-US">Equity attributable to owners of parent [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_EquityAttributableToOwnersOfParentAbstract_lbl" xml:lang="en-US">Equity attributable to Credicorps equity holders:</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IssuedCapital" xlink:label="ifrs-full_IssuedCapital" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IssuedCapital" xlink:to="ifrs-full_IssuedCapital_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IssuedCapital_lbl" xml:lang="en-US">Issued capital</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IssuedCapital_lbl" xml:lang="en-US">Capital stock</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TreasuryShares" xlink:label="ifrs-full_TreasuryShares" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TreasuryShares" xlink:to="ifrs-full_TreasuryShares_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TreasuryShares_lbl" xml:lang="en-US">Treasury shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_TreasuryShares_lbl" xml:lang="en-US">Treasury stock</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_SharePremium" xlink:label="ifrs-full_SharePremium" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SharePremium" xlink:to="ifrs-full_SharePremium_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SharePremium_lbl" xml:lang="en-US">Share premium</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_SharePremium_lbl" xml:lang="en-US">Capital surplus</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OthersEquityInterest" xlink:label="bap_OthersEquityInterest" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OthersEquityInterest" xlink:to="bap_OthersEquityInterest_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_OthersEquityInterest_lbl" xml:lang="en-US">The amount of equity representing put options and equity.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OthersEquityInterest_lbl" xml:lang="en-US">Others Equity Interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_OthersEquityInterest_lbl" xml:lang="en-US">Reserves</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherReserves" xlink:label="ifrs-full_OtherReserves" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherReserves" xlink:to="ifrs-full_OtherReserves_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherReserves_lbl" xml:lang="en-US">Other reserves</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_OtherReserves_lbl" xml:lang="en-US">Ending Balances</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_OtherReserves_lbl" xml:lang="en-US">Begining Balances</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OtherReserves_lbl" xml:lang="en-US">Other reserves</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RetainedEarnings" xlink:label="ifrs-full_RetainedEarnings" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RetainedEarnings" xlink:to="ifrs-full_RetainedEarnings_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RetainedEarnings_lbl" xml:lang="en-US">Retained earnings</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_RetainedEarnings_lbl" xml:lang="en-US">Retained earnings (losses)</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAttributableToOwnersOfParent" xlink:label="ifrs-full_EquityAttributableToOwnersOfParent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAttributableToOwnersOfParent" xlink:to="ifrs-full_EquityAttributableToOwnersOfParent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityAttributableToOwnersOfParent_lbl" xml:lang="en-US">Equity attributable to owners of parent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_EquityAttributableToOwnersOfParent_lbl" xml:lang="en-US">Equity attributable to owners of parent</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncontrollingInterests" xlink:label="ifrs-full_NoncontrollingInterests" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncontrollingInterests" xlink:to="ifrs-full_NoncontrollingInterests_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncontrollingInterests_lbl" xml:lang="en-US">Non-controlling interests</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NoncontrollingInterests_lbl" xml:lang="en-US">Non-controlling interest</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Equity" xlink:label="ifrs-full_Equity" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Equity" xlink:to="ifrs-full_Equity_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Equity_lbl" xml:lang="en-US">Equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_Equity_lbl" xml:lang="en-US">Balances</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_Equity_lbl" xml:lang="en-US">Balances</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_Equity_lbl" xml:lang="en-US">Total equity, net</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAndLiabilities" xlink:label="ifrs-full_EquityAndLiabilities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAndLiabilities" xlink:to="ifrs-full_EquityAndLiabilities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityAndLiabilities_lbl" xml:lang="en-US">Equity and liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_EquityAndLiabilities_lbl" xml:lang="en-US">Total liabilities and net equity</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeStatementAbstract" xlink:label="ifrs-full_IncomeStatementAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeStatementAbstract" xlink:to="ifrs-full_IncomeStatementAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeStatementAbstract_lbl" xml:lang="en-US">CONSOLIDATED STATEMENT OF INCOME</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IncomeStatementAbstract_lbl" xml:lang="en-US">Statement of income</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RevenueFromInterest" xlink:label="ifrs-full_RevenueFromInterest" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RevenueFromInterest" xlink:to="ifrs-full_RevenueFromInterest_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RevenueFromInterest_lbl" xml:lang="en-US">Interest income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_RevenueFromInterest_lbl" xml:lang="en-US">Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_RevenueFromInterest_lbl" xml:lang="en-US">Interest and similar income</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestExpense" xlink:label="ifrs-full_InterestExpense" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestExpense" xlink:to="ifrs-full_InterestExpense_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestExpense_lbl" xml:lang="en-US">Interest Expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_InterestExpense_lbl" xml:lang="en-US">Interest and similar expenses</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="ifrs-full_InterestExpense_lbl" xml:lang="en-US">Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestRevenueExpense" xlink:label="ifrs-full_InterestRevenueExpense" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestRevenueExpense" xlink:to="ifrs-full_InterestRevenueExpense_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestRevenueExpense_lbl" xml:lang="en-US">Interest income (expense)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_InterestRevenueExpense_lbl" xml:lang="en-US">Net interest, similar income and expenses</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_InterestRevenueExpense_lbl" xml:lang="en-US">Net interest, similar income and expenses</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ProvisionForCreditLossesOnLoanPortfolio" xlink:label="bap_ProvisionForCreditLossesOnLoanPortfolio" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ProvisionForCreditLossesOnLoanPortfolio" xlink:to="bap_ProvisionForCreditLossesOnLoanPortfolio_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ProvisionForCreditLossesOnLoanPortfolio_lbl" xml:lang="en-US">The amount represents the provision for loan losses.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ProvisionForCreditLossesOnLoanPortfolio_lbl" xml:lang="en-US">Provision For credit Losses on loan Portfolio</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="bap_ProvisionForCreditLossesOnLoanPortfolio_lbl" xml:lang="en-US">Provision for credit losses on loan portfolio</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainOnRecoveryOfLoansAndAdvancesPreviouslyWrittenOff" xlink:label="ifrs-full_GainOnRecoveryOfLoansAndAdvancesPreviouslyWrittenOff" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainOnRecoveryOfLoansAndAdvancesPreviouslyWrittenOff" xlink:to="ifrs-full_GainOnRecoveryOfLoansAndAdvancesPreviouslyWrittenOff_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainOnRecoveryOfLoansAndAdvancesPreviouslyWrittenOff_lbl" xml:lang="en-US">Gain on recovery of loans and advances previously written off</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainOnRecoveryOfLoansAndAdvancesPreviouslyWrittenOff_lbl" xml:lang="en-US">Recoveries of written-off loans</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AllowanceForCreditLossesOnAccountsReceivablesNetOfRecoveries" xlink:label="bap_AllowanceForCreditLossesOnAccountsReceivablesNetOfRecoveries" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AllowanceForCreditLossesOnAccountsReceivablesNetOfRecoveries" xlink:to="bap_AllowanceForCreditLossesOnAccountsReceivablesNetOfRecoveries_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AllowanceForCreditLossesOnAccountsReceivablesNetOfRecoveries_lbl" xml:lang="en-US">Amount of Allowance for Credit Losses on Doubtful Accounts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AllowanceForCreditLossesOnAccountsReceivablesNetOfRecoveries_lbl" xml:lang="en-US">Allowance for Credit Losses on Accounts Receivables Net of Recoveries</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="bap_AllowanceForCreditLossesOnAccountsReceivablesNetOfRecoveries_lbl" xml:lang="en-US">Provision for credit losses on loan portfolio, net of recoveries</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers" xlink:label="ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers" xlink:to="ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers_lbl" xml:lang="en-US">Interest income on loans and advances to customers</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers_lbl" xml:lang="en-US">Net interest, similar income and expenses, after provision for credit losses on loan portfolio</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherIncomesAbstract" xlink:label="bap_OtherIncomesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherIncomesAbstract" xlink:to="bap_OtherIncomesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherIncomesAbstract_lbl" xml:lang="en-US">Other incomes [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_OtherIncomesAbstract_lbl" xml:lang="en-US">Other income</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FeeAndCommissionIncome" xlink:label="ifrs-full_FeeAndCommissionIncome" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FeeAndCommissionIncome" xlink:to="ifrs-full_FeeAndCommissionIncome_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FeeAndCommissionIncome_lbl" xml:lang="en-US">Fee and commission income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_FeeAndCommissionIncome_lbl" xml:lang="en-US">Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_FeeAndCommissionIncome_lbl" xml:lang="en-US">Commissions and fees</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:to="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_lbl" xml:lang="en-US">Foreign exchange gain (loss)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_lbl" xml:lang="en-US">Net gain on foreign exchange transactions</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsOnDisposalsOfInvestments" xlink:label="ifrs-full_GainsOnDisposalsOfInvestments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsOnDisposalsOfInvestments" xlink:to="ifrs-full_GainsOnDisposalsOfInvestments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsOnDisposalsOfInvestments_lbl" xml:lang="en-US">Gains on disposals of investments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_GainsOnDisposalsOfInvestments_lbl" xml:lang="en-US">Net gain on securities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsOnDisposalsOfInvestments_lbl" xml:lang="en-US">Net gain on securities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_GainsOnDisposalsOfInvestments_lbl" xml:lang="en-US">Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives" xlink:label="ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives" xlink:to="ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives_lbl" xml:lang="en-US">Gains (losses) on change in fair value of derivatives</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives_lbl" xml:lang="en-US">Net gain of trading derivatives</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives_lbl" xml:lang="en-US">Net gain on derivatives held for trading</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NetForeignExchangeGain" xlink:label="ifrs-full_NetForeignExchangeGain" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NetForeignExchangeGain" xlink:to="ifrs-full_NetForeignExchangeGain_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NetForeignExchangeGain_lbl" xml:lang="en-US">Net foreign exchange gain</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NetForeignExchangeGain_lbl" xml:lang="en-US">Net gain from exchange differences</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_MiscellaneousOtherOperatingIncome" xlink:label="ifrs-full_MiscellaneousOtherOperatingIncome" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MiscellaneousOtherOperatingIncome" xlink:to="ifrs-full_MiscellaneousOtherOperatingIncome_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MiscellaneousOtherOperatingIncome_lbl" xml:lang="en-US">Miscellaneous other operating income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_MiscellaneousOtherOperatingIncome_lbl" xml:lang="en-US">Total other income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_MiscellaneousOtherOperatingIncome_lbl" xml:lang="en-US">Others</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherIncome" xlink:label="ifrs-full_OtherIncome" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherIncome" xlink:to="ifrs-full_OtherIncome_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherIncome_lbl" xml:lang="en-US">Other Income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_OtherIncome_lbl" xml:lang="en-US">Total other income</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InsurancePremiumsAndClaimsAbstract" xlink:label="bap_InsurancePremiumsAndClaimsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InsurancePremiumsAndClaimsAbstract" xlink:to="bap_InsurancePremiumsAndClaimsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_InsurancePremiumsAndClaimsAbstract_lbl" xml:lang="en-US">n/a</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InsurancePremiumsAndClaimsAbstract_lbl" xml:lang="en-US">Insurance premiums and claims [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_InsurancePremiumsAndClaimsAbstract_lbl" xml:lang="en-US">Insurance underwriting result</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NetEarnedPremium" xlink:label="ifrs-full_NetEarnedPremium" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NetEarnedPremium" xlink:to="ifrs-full_NetEarnedPremium_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NetEarnedPremium_lbl" xml:lang="en-US">Net earned premium</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NetEarnedPremium_lbl" xml:lang="en-US">Net premiums earned</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NetEarnedPremium_lbl" xml:lang="en-US">Total Net premiums earned</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries" xlink:label="ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries" xlink:to="ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries_lbl" xml:lang="en-US">Claims and benefits paid, net of reinsurance recoveries</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries_lbl" xml:lang="en-US">Net claims incurred for life, general and health insurance contracts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries_lbl" xml:lang="en-US">Net insurance claims</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AmountsIncurredDeferredAcquisitionCostsArisingFromInsuranceContracts" xlink:label="ifrs-full_AmountsIncurredDeferredAcquisitionCostsArisingFromInsuranceContracts" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AmountsIncurredDeferredAcquisitionCostsArisingFromInsuranceContracts" xlink:to="ifrs-full_AmountsIncurredDeferredAcquisitionCostsArisingFromInsuranceContracts_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AmountsIncurredDeferredAcquisitionCostsArisingFromInsuranceContracts_lbl" xml:lang="en-US">Amounts incurred, deferred acquisition costs arising from insurance contracts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_AmountsIncurredDeferredAcquisitionCostsArisingFromInsuranceContracts_lbl" xml:lang="en-US">Acquisition cost</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PremiumsWrittenNetOfReinsurance" xlink:label="ifrs-full_PremiumsWrittenNetOfReinsurance" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PremiumsWrittenNetOfReinsurance" xlink:to="ifrs-full_PremiumsWrittenNetOfReinsurance_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PremiumsWrittenNetOfReinsurance_lbl" xml:lang="en-US">Premiums written, net of reinsurance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_PremiumsWrittenNetOfReinsurance_lbl" xml:lang="en-US">Total insurance underwriting result</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherExpenseAbstract" xlink:label="bap_OtherExpenseAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherExpenseAbstract" xlink:to="bap_OtherExpenseAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherExpenseAbstract_lbl" xml:lang="en-US">Other expense [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_OtherExpenseAbstract_lbl" xml:lang="en-US">Other expenses</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EmployeeBenefitsExpense" xlink:label="ifrs-full_EmployeeBenefitsExpense" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EmployeeBenefitsExpense" xlink:to="ifrs-full_EmployeeBenefitsExpense_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EmployeeBenefitsExpense_lbl" xml:lang="en-US">Employee benefits expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_EmployeeBenefitsExpense_lbl" xml:lang="en-US">Salaries and employee benefits</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_EmployeeBenefitsExpense_lbl" xml:lang="en-US">Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdministrativeExpense" xlink:label="ifrs-full_AdministrativeExpense" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdministrativeExpense" xlink:to="ifrs-full_AdministrativeExpense_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdministrativeExpense_lbl" xml:lang="en-US">Administrative expenses</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_AdministrativeExpense_lbl" xml:lang="en-US">Administrative expenses</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_AdministrativeExpense_lbl" xml:lang="en-US">Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DepreciationAndAmortisationExpense" xlink:label="ifrs-full_DepreciationAndAmortisationExpense" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DepreciationAndAmortisationExpense" xlink:to="ifrs-full_DepreciationAndAmortisationExpense_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DepreciationAndAmortisationExpense_lbl" xml:lang="en-US">Depreciation and amortisation expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DepreciationAndAmortisationExpense_lbl" xml:lang="en-US">Depreciation and amortization</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DepreciationAndAmortisationExpense_lbl" xml:lang="en-US">Depreciation and amortization</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill" xlink:to="ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill_lbl" xml:lang="en-US">Impairment loss recognised in profit or loss, goodwill</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill_lbl" xml:lang="en-US">Impairment loss on goodwill</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill_lbl" xml:lang="en-US">Gross impairment loss</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DepreciationRightofuseAssets" xlink:label="ifrs-full_DepreciationRightofuseAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DepreciationRightofuseAssets" xlink:to="ifrs-full_DepreciationRightofuseAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DepreciationRightofuseAssets_lbl" xml:lang="en-US">Depreciation, right-of-use assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DepreciationRightofuseAssets_lbl" xml:lang="en-US">Depreciation for right-of-use assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DepreciationRightofuseAssets_lbl" xml:lang="en-US">Depreciation of the period</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_MiscellaneousOtherOperatingExpense" xlink:label="ifrs-full_MiscellaneousOtherOperatingExpense" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MiscellaneousOtherOperatingExpense" xlink:to="ifrs-full_MiscellaneousOtherOperatingExpense_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MiscellaneousOtherOperatingExpense_lbl" xml:lang="en-US">Miscellaneous other operating expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_MiscellaneousOtherOperatingExpense_lbl" xml:lang="en-US">Others</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_MiscellaneousOtherOperatingExpense_lbl" xml:lang="en-US">Total other expenses</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherExpenseByFunction" xlink:label="ifrs-full_OtherExpenseByFunction" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherExpenseByFunction" xlink:to="ifrs-full_OtherExpenseByFunction_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherExpenseByFunction_lbl" xml:lang="en-US">Other expense, by function</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="ifrs-full_OtherExpenseByFunction_lbl" xml:lang="en-US">Total other expenses</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossBeforeTax" xlink:label="ifrs-full_ProfitLossBeforeTax" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossBeforeTax" xlink:to="ifrs-full_ProfitLossBeforeTax_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossBeforeTax_lbl" xml:lang="en-US">Profit (loss) before tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLossBeforeTax_lbl" xml:lang="en-US">Profit before income tax</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:to="ifrs-full_IncomeTaxExpenseContinuingOperations_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations_lbl" xml:lang="en-US">Tax expense (income), continuing operations</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations_lbl" xml:lang="en-US">Income tax and effective income tax rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations_lbl" xml:lang="en-US">Income tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations_lbl" xml:lang="en-US">Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLoss" xlink:label="ifrs-full_ProfitLoss" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLoss" xlink:to="ifrs-full_ProfitLoss_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="ifrs-full_ProfitLoss_lbl" xml:lang="en-US">Net profit for the year</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/disclosureGuidance" xlink:label="ifrs-full_ProfitLoss_lbl" xml:lang="en-US">Net income (loss)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/exampleGuidance" xlink:label="ifrs-full_ProfitLoss_lbl" xml:lang="en-US">Net income (loss)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLoss_lbl" xml:lang="en-US">Profit (loss)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/presentationGuidance" xlink:label="ifrs-full_ProfitLoss_lbl" xml:lang="en-US">Net profit for the year</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLoss_lbl" xml:lang="en-US">Net profit</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ProfitLoss_lbl" xml:lang="en-US">Net profit</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossAttributableToAbstract" xlink:label="ifrs-full_ProfitLossAttributableToAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossAttributableToAbstract" xlink:to="ifrs-full_ProfitLossAttributableToAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossAttributableToAbstract_lbl" xml:lang="en-US">Profit (loss), attributable to [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProfitLossAttributableToAbstract_lbl" xml:lang="en-US">Attributable to:</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:to="ifrs-full_ProfitLossAttributableToOwnersOfParent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent_lbl" xml:lang="en-US">Profit (loss), attributable to owners of parent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent_lbl" xml:lang="en-US">Credicorp's equity holders</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent_lbl" xml:lang="en-US">Net income attributable to equity holders of Credicorp</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges_lbl" xml:lang="en-US">Other comprehensive income, net of tax, cash flow hedges</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeBeforeTaxInsuranceFinanceIncomeExpensesFromInsuranceContractsIssuedExcludedFromProfitOrLossThatWillBeReclassifiedToProfitOrLoss_lbl" xml:lang="en-US">Other comprehensive income, before tax, insurance finance income (expenses) from insurance contracts issued excluded from profit or loss that will be reclassified to profit or loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeBeforeTaxInsuranceFinanceIncomeExpensesFromInsuranceContractsIssuedExcludedFromProfitOrLossThatWillBeReclassifiedToProfitOrLoss_lbl" xml:lang="en-US">Other reserves</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeTaxRelatingToInsuranceFinanceIncomeExpensesFromInsuranceContractsIssuedOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss_lbl" xml:lang="en-US">Income tax relating to insurance finance income (expenses) from insurance contracts issued included in other comprehensive income that will be reclassified to profit or loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_IncomeTaxRelatingToInsuranceFinanceIncomeExpensesFromInsuranceContractsIssuedOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss_lbl" xml:lang="en-US">Income tax</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxInsuranceFinanceIncomeExpensesFromInsuranceContractsIssuedExcludedFromProfitOrLossThatWillBeReclassifiedToProfitOrLoss_lbl" xml:lang="en-US">Other reserves, net of tax</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation_lbl" xml:lang="en-US">Other comprehensive income, net of tax, exchange differences on translation of foreign operations</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:to="ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_lbl" xml:lang="en-US">Other comprehensive income that will be reclassified to profit or loss, net of tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_lbl" xml:lang="en-US">Sub total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_lbl" xml:lang="en-US">Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:to="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract_lbl" xml:lang="en-US">Components of other comprehensive income that will not be reclassified to profit or loss, before tax [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract_lbl" xml:lang="en-US">Not to be reclassified to profit or loss in subsequent periods:</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:label="ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:to="ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments_lbl" xml:lang="en-US">Other comprehensive income, before tax, gains (losses) from investments in equity instruments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments_lbl" xml:lang="en-US">Other comprehensive income, net of tax, gains (losses) from investments in equity instruments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments_lbl" xml:lang="en-US">Net gain in equity instruments designated at fair value through other comprehensive income</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome" xlink:label="ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome" xlink:to="ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome_lbl" xml:lang="en-US">Income tax relating to investments in equity instruments included in other comprehensive income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome_lbl" xml:lang="en-US">Income tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome_lbl" xml:lang="en-US">Income tax</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:to="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments_lbl" xml:lang="en-US">Other comprehensive income, net of tax, gains (losses) from investments in equity instruments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments_lbl" xml:lang="en-US">Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncome" xlink:label="ifrs-full_OtherComprehensiveIncome" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncome" xlink:to="ifrs-full_OtherComprehensiveIncome_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncome_lbl" xml:lang="en-US">Other comprehensive income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_OtherComprehensiveIncome_lbl" xml:lang="en-US">Total other comprehensive income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OtherComprehensiveIncome_lbl" xml:lang="en-US">Other comprehensive income, Note 18(d)</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComprehensiveIncome" xlink:label="ifrs-full_ComprehensiveIncome" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComprehensiveIncome" xlink:to="ifrs-full_ComprehensiveIncome_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComprehensiveIncome_lbl" xml:lang="en-US">Comprehensive income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ComprehensiveIncome_lbl" xml:lang="en-US">Total comprehensive income for the year, net of income tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ComprehensiveIncome_lbl" xml:lang="en-US">Total comprehensive income</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:to="ifrs-full_ComprehensiveIncomeAttributableToAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToAbstract_lbl" xml:lang="en-US">Comprehensive income attributable to [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToAbstract_lbl" xml:lang="en-US">Attributable to:</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:to="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_lbl" xml:lang="en-US">Comprehensive income, attributable to owners of parent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_lbl" xml:lang="en-US">Credicorp's equity holders</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:to="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_lbl" xml:lang="en-US">Comprehensive income, attributable to non-controlling interests</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_lbl" xml:lang="en-US">Non-controlling interest</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_StatementOfChangesInEquityAbstract" xlink:label="ifrs-full_StatementOfChangesInEquityAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatementOfChangesInEquityAbstract" xlink:to="ifrs-full_StatementOfChangesInEquityAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_StatementOfChangesInEquityAbstract_lbl" xml:lang="en-US">CONSOLIDATED STATEMENT OF CHANGES IN NET EQUITY</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementTable" xlink:label="us-gaap_StatementTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementTable" xlink:to="us-gaap_StatementTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementTable_lbl" xml:lang="en-US">Statement [Table]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StatementLineItems" xlink:label="us-gaap_StatementLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_StatementLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementLineItems_lbl" xml:lang="en-US">Statement [Line Items]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ChangesInEquityAbstract" xlink:label="ifrs-full_ChangesInEquityAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ChangesInEquityAbstract" xlink:to="ifrs-full_ChangesInEquityAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ChangesInEquityAbstract_lbl" xml:lang="en-US">Changes in equity [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ChangesInEquityAbstract_lbl" xml:lang="en-US">Changes in equity</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughAppropriationOfRetainedEarnings" xlink:label="ifrs-full_IncreaseDecreaseThroughAppropriationOfRetainedEarnings" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughAppropriationOfRetainedEarnings" xlink:to="ifrs-full_IncreaseDecreaseThroughAppropriationOfRetainedEarnings_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughAppropriationOfRetainedEarnings_lbl" xml:lang="en-US">Increase (decrease) through appropriation of retained earnings, equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughAppropriationOfRetainedEarnings_lbl" xml:lang="en-US">Transfer of retained earnings to reserves, Note 18(c)</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DividendsRecognisedAsDistributionsToOwnersOfParent" xlink:label="ifrs-full_DividendsRecognisedAsDistributionsToOwnersOfParent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsRecognisedAsDistributionsToOwnersOfParent" xlink:to="ifrs-full_DividendsRecognisedAsDistributionsToOwnersOfParent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DividendsRecognisedAsDistributionsToOwnersOfParent_lbl" xml:lang="en-US">Dividends recognised as distributions to owners of parent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DividendsRecognisedAsDistributionsToOwnersOfParent_lbl" xml:lang="en-US">Dividend distribution, Note 18(e)</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DividendsRecognisedAsDistributionsToNoncontrollingInterests" xlink:label="ifrs-full_DividendsRecognisedAsDistributionsToNoncontrollingInterests" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsRecognisedAsDistributionsToNoncontrollingInterests" xlink:to="ifrs-full_DividendsRecognisedAsDistributionsToNoncontrollingInterests_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DividendsRecognisedAsDistributionsToNoncontrollingInterests_lbl" xml:lang="en-US">Dividends recognised as distributions to non-controlling interests</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DividendsRecognisedAsDistributionsToNoncontrollingInterests_lbl" xml:lang="en-US">Dividends paid to interest non-controlling of subsidiaries</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AcquisitionOfNonControllingInterest" xlink:label="bap_AcquisitionOfNonControllingInterest" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AcquisitionOfNonControllingInterest" xlink:to="bap_AcquisitionOfNonControllingInterest_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AcquisitionOfNonControllingInterest_lbl" xml:lang="en-US">The amount of acquisition of non-controlling interest.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AcquisitionOfNonControllingInterest_lbl" xml:lang="en-US">Acquisition of Non-Controlling Interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AcquisitionOfNonControllingInterest_lbl" xml:lang="en-US">Acquisition of non-controlling interest</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AdvanceDividends" xlink:label="bap_AdvanceDividends" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AdvanceDividends" xlink:to="bap_AdvanceDividends_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AdvanceDividends_lbl" xml:lang="en-US">The amount of Dividend Advanced.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AdvanceDividends_lbl" xml:lang="en-US">Advance Dividends</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_AdvanceDividends_lbl" xml:lang="en-US">Additional dividends</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTreasuryShareTransactions" xlink:label="ifrs-full_IncreaseDecreaseThroughTreasuryShareTransactions" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughTreasuryShareTransactions" xlink:to="ifrs-full_IncreaseDecreaseThroughTreasuryShareTransactions_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughTreasuryShareTransactions_lbl" xml:lang="en-US">Increase (decrease) through treasury share transactions, equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughTreasuryShareTransactions_lbl" xml:lang="en-US">Purchase of treasury stock, Note 18(b)</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:label="ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:to="ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions_lbl" xml:lang="en-US">Increase (decrease) through share-based payment transactions, equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions_lbl" xml:lang="en-US">Share-based payment transactions</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SaleOfTreasuryStocks" xlink:label="bap_SaleOfTreasuryStocks" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SaleOfTreasuryStocks" xlink:to="bap_SaleOfTreasuryStocks_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SaleOfTreasuryStocks_lbl" xml:lang="en-US">Represents the information pertaining to Sale of treasury stocks.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SaleOfTreasuryStocks_lbl" xml:lang="en-US">Sale of treasury stocks</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SaleOfTreasuryStocks_lbl" xml:lang="en-US">Sale or purchase of treasury stocks</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:label="ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:to="ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl_lbl" xml:lang="en-US">Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control, equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl_lbl" xml:lang="en-US">Acquisition of subsidiaries, Note 2(a)</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:to="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity_lbl" xml:lang="en-US">Increase (decrease) through other changes, equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity_lbl" xml:lang="en-US">Others</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_StatementOfCashFlowsAbstract" xlink:label="ifrs-full_StatementOfCashFlowsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatementOfCashFlowsAbstract" xlink:to="ifrs-full_StatementOfCashFlowsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_StatementOfCashFlowsAbstract_lbl" xml:lang="en-US">CONSOLIDATED STATEMENT OF CASH FLOWS</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:to="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US">Cash flows from (used in) operating activities [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US">CASH AND CASH EQUIVALENTS FROM OPERATING ACTIVITIES</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:label="ifrs-full_AdjustmentsForReconcileProfitLossAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:to="ifrs-full_AdjustmentsForReconcileProfitLossAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForReconcileProfitLossAbstract_lbl" xml:lang="en-US">Adjustments to reconcile profit (loss) [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForReconcileProfitLossAbstract_lbl" xml:lang="en-US">Adjustment to reconcile net profit to net cash arising from operating activities:</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForProvisions" xlink:label="ifrs-full_AdjustmentsForProvisions" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForProvisions" xlink:to="ifrs-full_AdjustmentsForProvisions_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForProvisions_lbl" xml:lang="en-US">Adjustments for provisions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForProvisions_lbl" xml:lang="en-US">Provision for credit losses on loan portfolio</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ImpactOfFairValueOfPortfolioWithChangeInEffectiveRate" xlink:label="bap_ImpactOfFairValueOfPortfolioWithChangeInEffectiveRate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ImpactOfFairValueOfPortfolioWithChangeInEffectiveRate" xlink:to="bap_ImpactOfFairValueOfPortfolioWithChangeInEffectiveRate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ImpactOfFairValueOfPortfolioWithChangeInEffectiveRate_lbl" xml:lang="en-US">The amount of impact of fair value of portfolio with change in effective rate.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ImpactOfFairValueOfPortfolioWithChangeInEffectiveRate_lbl" xml:lang="en-US">Impact of Fair Value of Portfolio with Change in Effective Rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ImpactOfFairValueOfPortfolioWithChangeInEffectiveRate_lbl" xml:lang="en-US">Impact of fair value of portfolio with change in effective rate</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AdjustmentsForDepreciationOfRightOfUseAssets" xlink:label="bap_AdjustmentsForDepreciationOfRightOfUseAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AdjustmentsForDepreciationOfRightOfUseAssets" xlink:to="bap_AdjustmentsForDepreciationOfRightOfUseAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AdjustmentsForDepreciationOfRightOfUseAssets_lbl" xml:lang="en-US">Adjustments for depreciation of right-of-use assets to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Depreciation and amortisation expense; Profit (loss)]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AdjustmentsForDepreciationOfRightOfUseAssets_lbl" xml:lang="en-US">Adjustments for Depreciation of Right of Use Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AdjustmentsForDepreciationOfRightOfUseAssets_lbl" xml:lang="en-US">Depreciation of right-of-use assets</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DepreciationOnInvestmentProperty" xlink:label="bap_DepreciationOnInvestmentProperty" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DepreciationOnInvestmentProperty" xlink:to="bap_DepreciationOnInvestmentProperty_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DepreciationOnInvestmentProperty_lbl" xml:lang="en-US">The amount of depreciation recognised on investment property.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DepreciationOnInvestmentProperty_lbl" xml:lang="en-US">Depreciation on investment property</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DepreciationOnInvestmentProperty_lbl" xml:lang="en-US">Depreciation of investment properties</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DeferredTaxExpenseIncome" xlink:label="ifrs-full_DeferredTaxExpenseIncome" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxExpenseIncome" xlink:to="ifrs-full_DeferredTaxExpenseIncome_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DeferredTaxExpenseIncome_lbl" xml:lang="en-US">Deferred tax expense (income)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DeferredTaxExpenseIncome_lbl" xml:lang="en-US">Deferred (income) tax expense</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AdjustmentsForTechnicalReserves" xlink:label="bap_AdjustmentsForTechnicalReserves" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AdjustmentsForTechnicalReserves" xlink:to="bap_AdjustmentsForTechnicalReserves_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AdjustmentsForTechnicalReserves_lbl" xml:lang="en-US">Adjustments for technical reserves to reconcile profit (loss) to net cash flow from (used in) operating activities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AdjustmentsForTechnicalReserves_lbl" xml:lang="en-US">Adjustments for technical reserves</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_AdjustmentsForTechnicalReserves_lbl" xml:lang="en-US">Adjustment of technical reserves</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForImpairmentLossRecognisedInProfitOrLossGoodwill" xlink:label="ifrs-full_AdjustmentsForImpairmentLossRecognisedInProfitOrLossGoodwill" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForImpairmentLossRecognisedInProfitOrLossGoodwill" xlink:to="ifrs-full_AdjustmentsForImpairmentLossRecognisedInProfitOrLossGoodwill_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForImpairmentLossRecognisedInProfitOrLossGoodwill_lbl" xml:lang="en-US">Adjustments for impairment loss recognised in profit or loss, goodwill</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForImpairmentLossRecognisedInProfitOrLossGoodwill_lbl" xml:lang="en-US">Impairment loss on goodwill</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForIncreaseInOtherProvisionsArisingFromPassageOfTime" xlink:label="ifrs-full_AdjustmentsForIncreaseInOtherProvisionsArisingFromPassageOfTime" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForIncreaseInOtherProvisionsArisingFromPassageOfTime" xlink:to="ifrs-full_AdjustmentsForIncreaseInOtherProvisionsArisingFromPassageOfTime_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForIncreaseInOtherProvisionsArisingFromPassageOfTime_lbl" xml:lang="en-US">Adjustments for increase in other provisions arising from passage of time</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForIncreaseInOtherProvisionsArisingFromPassageOfTime_lbl" xml:lang="en-US">Provision for sundry risks, Note 13(f)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForIncreaseInOtherProvisionsArisingFromPassageOfTime_lbl" xml:lang="en-US">Provision for sundry risks</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:label="ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:to="ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss_lbl" xml:lang="en-US">Gains (losses) on financial assets at fair value through profit or loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss_lbl" xml:lang="en-US">Gain (loss) on financial assets designated at fair value through profit and loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss_lbl" xml:lang="en-US">Results of financial assets designated at fair value through profit and loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss_lbl" xml:lang="en-US">Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" xlink:label="ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" xlink:to="ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment_lbl" xml:lang="en-US">Adjustments for gain (loss) on disposals, property, plant and equipment</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment_lbl" xml:lang="en-US">Net Income from sale of property, furniture and equipment</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:label="ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:to="ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets_lbl" xml:lang="en-US">Adjustments for losses (gains) on disposal of non-current assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets_lbl" xml:lang="en-US">(Gain) loss net from sale of seized and recovered assets</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForSharebasedPayments" xlink:label="ifrs-full_AdjustmentsForSharebasedPayments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForSharebasedPayments" xlink:to="ifrs-full_AdjustmentsForSharebasedPayments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForSharebasedPayments_lbl" xml:lang="en-US">Adjustments for share-based payments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForSharebasedPayments_lbl" xml:lang="en-US">Share-based payment plans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForSharebasedPayments_lbl" xml:lang="en-US">Expense for share-based payment transactions</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_NetGainOrLossFromSaleOfWrittenOffPortfolio" xlink:label="bap_NetGainOrLossFromSaleOfWrittenOffPortfolio" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_NetGainOrLossFromSaleOfWrittenOffPortfolio" xlink:to="bap_NetGainOrLossFromSaleOfWrittenOffPortfolio_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_NetGainOrLossFromSaleOfWrittenOffPortfolio_lbl" xml:lang="en-US">The amount of net gain or loss from sale of written-off portfolio.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_NetGainOrLossFromSaleOfWrittenOffPortfolio_lbl" xml:lang="en-US">Net Gain or Loss from Sale of Written-off Portfolio</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_NetGainOrLossFromSaleOfWrittenOffPortfolio_lbl" xml:lang="en-US">Sale of a written-off portfolio</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_NetGainOrLossFromSaleOfWrittenOffPortfolio_lbl" xml:lang="en-US">Net gain from sale of written-off portfolio</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_IntangibleLossesDueToWithdrawalsAndDismissedProjects" xlink:label="bap_IntangibleLossesDueToWithdrawalsAndDismissedProjects" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_IntangibleLossesDueToWithdrawalsAndDismissedProjects" xlink:to="bap_IntangibleLossesDueToWithdrawalsAndDismissedProjects_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_IntangibleLossesDueToWithdrawalsAndDismissedProjects_lbl" xml:lang="en-US">The amount of Intangible losses due to withdrawals and dismissed projects.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_IntangibleLossesDueToWithdrawalsAndDismissedProjects_lbl" xml:lang="en-US">Intangible Losses due to Withdrawals and Dismissed Projects</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_IntangibleLossesDueToWithdrawalsAndDismissedProjects_lbl" xml:lang="en-US">Intangible losses due to withdrawals and dismissed projects</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherAdjustmentsForNoncashItems" xlink:label="ifrs-full_OtherAdjustmentsForNoncashItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherAdjustmentsForNoncashItems" xlink:to="ifrs-full_OtherAdjustmentsForNoncashItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherAdjustmentsForNoncashItems_lbl" xml:lang="en-US">Other adjustments for non-cash items</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OtherAdjustmentsForNoncashItems_lbl" xml:lang="en-US">Others</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_NetChangesInAssetsAndLiabilitiesAbstract" xlink:label="bap_NetChangesInAssetsAndLiabilitiesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_NetChangesInAssetsAndLiabilitiesAbstract" xlink:to="bap_NetChangesInAssetsAndLiabilitiesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_NetChangesInAssetsAndLiabilitiesAbstract_lbl" xml:lang="en-US">Net changes in assets and liabilities [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_NetChangesInAssetsAndLiabilitiesAbstract_lbl" xml:lang="en-US">Net changes in assets and liabilities</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_IncreaseDecreaseInAssetsAbstract" xlink:label="bap_IncreaseDecreaseInAssetsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_IncreaseDecreaseInAssetsAbstract" xlink:to="bap_IncreaseDecreaseInAssetsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_IncreaseDecreaseInAssetsAbstract_lbl" xml:lang="en-US">Increase decrease in assets [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_IncreaseDecreaseInAssetsAbstract_lbl" xml:lang="en-US">Net (increase) decrease in assets:</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers" xlink:to="ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers_lbl" xml:lang="en-US">Adjustments for decrease (increase) in loans and advances to customers</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers_lbl" xml:lang="en-US">Loans</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty" xlink:label="ifrs-full_AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty" xlink:to="ifrs-full_AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty_lbl" xml:lang="en-US">Adjustments for gains (losses) on fair value adjustment, investment property</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty_lbl" xml:lang="en-US">Investments at fair value through profit or loss</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AdjustmentsForGainslossesOnFairValueAdjustmentRecognizedInOtherComprehensiveIncomeInvestmentProperty" xlink:label="bap_AdjustmentsForGainslossesOnFairValueAdjustmentRecognizedInOtherComprehensiveIncomeInvestmentProperty" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AdjustmentsForGainslossesOnFairValueAdjustmentRecognizedInOtherComprehensiveIncomeInvestmentProperty" xlink:to="bap_AdjustmentsForGainslossesOnFairValueAdjustmentRecognizedInOtherComprehensiveIncomeInvestmentProperty_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AdjustmentsForGainslossesOnFairValueAdjustmentRecognizedInOtherComprehensiveIncomeInvestmentProperty_lbl" xml:lang="en-US">Adjustments for gains (losses) arising from a change in the fair value of investment property to reconcile fair value through other comprehensive income to net cash flow from (used in) operating activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AdjustmentsForGainslossesOnFairValueAdjustmentRecognizedInOtherComprehensiveIncomeInvestmentProperty_lbl" xml:lang="en-US">Adjustments for gains losses on fair value adjustment Recognized in other comprehensive income investment property</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="bap_AdjustmentsForGainslossesOnFairValueAdjustmentRecognizedInOtherComprehensiveIncomeInvestmentProperty_lbl" xml:lang="en-US">Investments at fair value through other comprehensive income</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForDecreaseIncreaseInReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xlink:to="ifrs-full_AdjustmentsForDecreaseIncreaseInReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed_lbl" xml:lang="en-US">Adjustments for decrease (increase) in reverse repurchase agreements and cash collateral on securities borrowed</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed_lbl" xml:lang="en-US">Cash collateral, reverse repurchase agreements and securities borrowings</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AdjustmentsForSaleOfWrittenOffPortfolio" xlink:label="bap_AdjustmentsForSaleOfWrittenOffPortfolio" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AdjustmentsForSaleOfWrittenOffPortfolio" xlink:to="bap_AdjustmentsForSaleOfWrittenOffPortfolio_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AdjustmentsForSaleOfWrittenOffPortfolio_lbl" xml:lang="en-US">The amount of adjustments for sale of written off portfolio.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AdjustmentsForSaleOfWrittenOffPortfolio_lbl" xml:lang="en-US">Adjustments for Sale of Written Off Portfolio</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AdjustmentsForSaleOfWrittenOffPortfolio_lbl" xml:lang="en-US">Sale of written off portfolio</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets" xlink:to="ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets_lbl" xml:lang="en-US">Adjustments for decrease (increase) in other current assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets_lbl" xml:lang="en-US">Other assets</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_IncreaseDecreaseInLiabilitiesAbstract" xlink:label="bap_IncreaseDecreaseInLiabilitiesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_IncreaseDecreaseInLiabilitiesAbstract" xlink:to="bap_IncreaseDecreaseInLiabilitiesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_IncreaseDecreaseInLiabilitiesAbstract_lbl" xml:lang="en-US">Increase decrease in liabilities [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_IncreaseDecreaseInLiabilitiesAbstract_lbl" xml:lang="en-US">Net increase (decrease) in liabilities</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers" xlink:to="ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers_lbl" xml:lang="en-US">Adjustments for increase (decrease) in deposits from customers</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers_lbl" xml:lang="en-US">Deposits and obligations</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromBanks" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromBanks" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromBanks" xlink:to="ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromBanks_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromBanks_lbl" xml:lang="en-US">Adjustments for increase (decrease) in deposits from banks</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromBanks_lbl" xml:lang="en-US">Due to Banks and correspondents</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForIncreaseDecreaseInRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:to="ifrs-full_AdjustmentsForIncreaseDecreaseInRepurchaseAgreementsAndCashCollateralOnSecuritiesLent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInRepurchaseAgreementsAndCashCollateralOnSecuritiesLent_lbl" xml:lang="en-US">Adjustments for increase (decrease) in repurchase agreements and cash collateral on securities lent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInRepurchaseAgreementsAndCashCollateralOnSecuritiesLent_lbl" xml:lang="en-US">Payables from repurchase agreements and securities lending</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AdjustmentsForIncreaseDecreaseInBondsAndNotesIssued" xlink:label="bap_AdjustmentsForIncreaseDecreaseInBondsAndNotesIssued" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AdjustmentsForIncreaseDecreaseInBondsAndNotesIssued" xlink:to="bap_AdjustmentsForIncreaseDecreaseInBondsAndNotesIssued_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AdjustmentsForIncreaseDecreaseInBondsAndNotesIssued_lbl" xml:lang="en-US">Adjustments for increase (decrease) in notes issued to reconcile profit (loss) to net cash flow from (used in) operating activities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AdjustmentsForIncreaseDecreaseInBondsAndNotesIssued_lbl" xml:lang="en-US">Adjustments for increase decrease in bonds and notes issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_AdjustmentsForIncreaseDecreaseInBondsAndNotesIssued_lbl" xml:lang="en-US">Bonds and notes issued</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ExpenseRelatingToShortTermLeasesAndLeasesOfLowValueAssetsForWhichRecognitionExemptionHasBeenUsed" xlink:label="bap_ExpenseRelatingToShortTermLeasesAndLeasesOfLowValueAssetsForWhichRecognitionExemptionHasBeenUsed" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ExpenseRelatingToShortTermLeasesAndLeasesOfLowValueAssetsForWhichRecognitionExemptionHasBeenUsed" xlink:to="bap_ExpenseRelatingToShortTermLeasesAndLeasesOfLowValueAssetsForWhichRecognitionExemptionHasBeenUsed_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ExpenseRelatingToShortTermLeasesAndLeasesOfLowValueAssetsForWhichRecognitionExemptionHasBeenUsed_lbl" xml:lang="en-US">The amount of the expense relating to short term leases and leases of low-value assets accounted for applying paragraph 6 of IFRS 16.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ExpenseRelatingToShortTermLeasesAndLeasesOfLowValueAssetsForWhichRecognitionExemptionHasBeenUsed_lbl" xml:lang="en-US">Expense Relating To Short Term Leases And Leases Of Low-Value Assets For Which Recognition Exemption Has Been Used</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ExpenseRelatingToShortTermLeasesAndLeasesOfLowValueAssetsForWhichRecognitionExemptionHasBeenUsed_lbl" xml:lang="en-US">Short-term and low-value lease payments</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities" xlink:to="ifrs-full_AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities_lbl" xml:lang="en-US">Adjustments for increase (decrease) in other current liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities_lbl" xml:lang="en-US">Other liabilities</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xlink:label="ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xlink:to="ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities_lbl" xml:lang="en-US">Income taxes paid, classified as operating activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities_lbl" xml:lang="en-US">Income tax paid</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:to="ifrs-full_CashFlowsFromUsedInOperatingActivities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivities_lbl" xml:lang="en-US">Cash flows from (used in) operating activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivities_lbl" xml:lang="en-US">Net cash flow from operating activities</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:to="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_lbl" xml:lang="en-US">Cash flows from (used in) investing activities [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_lbl" xml:lang="en-US">NET CASH FLOWS FROM INVESTING ACTIVITIES</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:label="ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Proceeds from sales of property, plant and equipment, classified as investing activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Revenue from sale of property, furniture and equipment</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProceedsFromSalesOfInvestmentProperty" xlink:label="ifrs-full_ProceedsFromSalesOfInvestmentProperty" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromSalesOfInvestmentProperty" xlink:to="ifrs-full_ProceedsFromSalesOfInvestmentProperty_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProceedsFromSalesOfInvestmentProperty_lbl" xml:lang="en-US">Proceeds from sales of investment property</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProceedsFromSalesOfInvestmentProperty_lbl" xml:lang="en-US">Sale value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProceedsFromSalesOfInvestmentProperty_lbl" xml:lang="en-US">Revenue from sale of investment property</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ProceedsFromAmortizedCostInvestments" xlink:label="bap_ProceedsFromAmortizedCostInvestments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ProceedsFromAmortizedCostInvestments" xlink:to="bap_ProceedsFromAmortizedCostInvestments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ProceedsFromAmortizedCostInvestments_lbl" xml:lang="en-US">The cash inflow from amortizing investments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ProceedsFromAmortizedCostInvestments_lbl" xml:lang="en-US">Proceeds from amortized cost investments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_ProceedsFromAmortizedCostInvestments_lbl" xml:lang="en-US">Revenue from sales and reimbursement of investment at amortized cost</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Purchase of property, plant and equipment, classified as investing activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Purchase of property, furniture and equipment</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PurchaseOfInvestmentProperty" xlink:label="ifrs-full_PurchaseOfInvestmentProperty" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchaseOfInvestmentProperty" xlink:to="ifrs-full_PurchaseOfInvestmentProperty_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PurchaseOfInvestmentProperty_lbl" xml:lang="en-US">Purchase of investment property</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_PurchaseOfInvestmentProperty_lbl" xml:lang="en-US">Purchase of investment property</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:label="ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:to="ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Purchase of intangible assets, classified as investing activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Purchase of intangible assets</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PurchaseOfInvestmentsFromAmortizedCostInvestments" xlink:label="bap_PurchaseOfInvestmentsFromAmortizedCostInvestments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PurchaseOfInvestmentsFromAmortizedCostInvestments" xlink:to="bap_PurchaseOfInvestmentsFromAmortizedCostInvestments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PurchaseOfInvestmentsFromAmortizedCostInvestments_lbl" xml:lang="en-US">The cash outflow for the purchase of investments from amortized cost investments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PurchaseOfInvestmentsFromAmortizedCostInvestments_lbl" xml:lang="en-US">Purchase of Investments From Amortized Cost Investments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="bap_PurchaseOfInvestmentsFromAmortizedCostInvestments_lbl" xml:lang="en-US">Purchase of investment at amortized cost</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:label="ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:to="ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Cash flows used in obtaining control of subsidiaries or other businesses, classified as investing activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Acquisition of subsidiaries, net of cash received</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="ifrs-full_CashFlowsFromUsedInInvestingActivities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities_lbl" xml:lang="en-US">Cash flows from (used in) investing activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities_lbl" xml:lang="en-US">Net cash flows from investing activities</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:to="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_lbl" xml:lang="en-US">Cash flows from (used in) financing activities [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_lbl" xml:lang="en-US">NET CASH FLOWS FROM FINANCING ACTIVITIES</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:label="ifrs-full_DividendsPaidClassifiedAsFinancingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:to="ifrs-full_DividendsPaidClassifiedAsFinancingActivities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DividendsPaidClassifiedAsFinancingActivities_lbl" xml:lang="en-US">Dividends paid, classified as financing activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DividendsPaidClassifiedAsFinancingActivities_lbl" xml:lang="en-US">Dividends paid</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DividendsPaidClassifiedAsFinancingActivities_lbl" xml:lang="en-US">Dividends payout (equivalent in thousands of US$)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DividendsPaidClassifiedAsFinancingActivities_lbl" xml:lang="en-US">Dividends distribution, net of treasury shares effect</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:label="ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:to="ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities_lbl" xml:lang="en-US">Dividends paid to non-controlling interests, classified as financing activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities_lbl" xml:lang="en-US">Dividends paid to non-controlling interest of subsidiaries</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DividendsPaidInAdvance" xlink:label="bap_DividendsPaidInAdvance" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DividendsPaidInAdvance" xlink:to="bap_DividendsPaidInAdvance_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DividendsPaidInAdvance_lbl" xml:lang="en-US">The amount of dividends paid in advance.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DividendsPaidInAdvance_lbl" xml:lang="en-US">Dividends Paid In Advance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="bap_DividendsPaidInAdvance_lbl" xml:lang="en-US">Additional dividends</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CashOutflowForLeasesPrincipalPayments" xlink:label="bap_CashOutflowForLeasesPrincipalPayments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CashOutflowForLeasesPrincipalPayments" xlink:to="bap_CashOutflowForLeasesPrincipalPayments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CashOutflowForLeasesPrincipalPayments_lbl" xml:lang="en-US">The cash outflow for the principal payments of leasing contracts.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CashOutflowForLeasesPrincipalPayments_lbl" xml:lang="en-US">Cash Outflow For Leases, Principal Payments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="bap_CashOutflowForLeasesPrincipalPayments_lbl" xml:lang="en-US">Principal payments of leasing contracts</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CashOutflowForLeasesInterestPayments" xlink:label="bap_CashOutflowForLeasesInterestPayments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CashOutflowForLeasesInterestPayments" xlink:to="bap_CashOutflowForLeasesInterestPayments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CashOutflowForLeasesInterestPayments_lbl" xml:lang="en-US">The cash outflow for the interest payments of leasing contracts.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CashOutflowForLeasesInterestPayments_lbl" xml:lang="en-US">Cash Outflow For Leases, Interest Payments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="bap_CashOutflowForLeasesInterestPayments_lbl" xml:lang="en-US">Interest payments of leasing contracts</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_RedemptionOfSubordinateBond" xlink:label="bap_RedemptionOfSubordinateBond" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_RedemptionOfSubordinateBond" xlink:to="bap_RedemptionOfSubordinateBond_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_RedemptionOfSubordinateBond_lbl" xml:lang="en-US">na</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_RedemptionOfSubordinateBond_lbl" xml:lang="en-US">Redemption Of Subordinate Bond</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="bap_RedemptionOfSubordinateBond_lbl" xml:lang="en-US">Subordinated bonds</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PurchaseOfTreasuryStockInFinancingActivities" xlink:label="bap_PurchaseOfTreasuryStockInFinancingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PurchaseOfTreasuryStockInFinancingActivities" xlink:to="bap_PurchaseOfTreasuryStockInFinancingActivities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PurchaseOfTreasuryStockInFinancingActivities_lbl" xml:lang="en-US">Increase decrease in equity resulting from the purchase of treasury shares.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PurchaseOfTreasuryStockInFinancingActivities_lbl" xml:lang="en-US">Purchase of Treasury Stock in Financing Activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="bap_PurchaseOfTreasuryStockInFinancingActivities_lbl" xml:lang="en-US">Purchase of treasury stock</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries" xlink:label="ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries" xlink:to="ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries_lbl" xml:lang="en-US">Payments from changes in ownership interests in subsidiaries that do not result in loss of control</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries_lbl" xml:lang="en-US">Acquisition of non-controlling interest</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:to="ifrs-full_CashFlowsFromUsedInFinancingActivities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivities_lbl" xml:lang="en-US">Cash flows from (used in) financing activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivities_lbl" xml:lang="en-US">Net cash flows from financing activities</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:to="ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_lbl" xml:lang="en-US">Increase (decrease) in cash and cash equivalents before effect of exchange rate changes</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_lbl" xml:lang="en-US">Net increase (decrease) of cash and cash equivalents before effect of changes in exchange rate</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:label="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:to="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_lbl" xml:lang="en-US">Effect of exchange rate changes on cash and cash equivalents</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_lbl" xml:lang="en-US">Effect of changes in exchange rate of cash and cash equivalents</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashAndCashEquivalents" xlink:label="ifrs-full_CashAndCashEquivalents" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalents" xlink:to="ifrs-full_CashAndCashEquivalents_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xml:lang="en-US">Cash and cash equivalents</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xml:lang="en-US">Cash and cash equivalents at the end of the period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xml:lang="en-US">Cash and cash equivalents at the beginning of the period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xml:lang="en-US">Total cash and cash equivalents</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_IfrsSupplementalCashFlowInformationAbstract" xlink:label="bap_IfrsSupplementalCashFlowInformationAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_IfrsSupplementalCashFlowInformationAbstract" xlink:to="bap_IfrsSupplementalCashFlowInformationAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_IfrsSupplementalCashFlowInformationAbstract_lbl" xml:lang="en-US">n/a</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_IfrsSupplementalCashFlowInformationAbstract_lbl" xml:lang="en-US">Ifrs Supplemental Cash Flow Information [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_IfrsSupplementalCashFlowInformationAbstract_lbl" xml:lang="en-US">Additional information from cash flows</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:label="ifrs-full_InterestReceivedClassifiedAsOperatingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:to="ifrs-full_InterestReceivedClassifiedAsOperatingActivities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestReceivedClassifiedAsOperatingActivities_lbl" xml:lang="en-US">Interest received, classified as operating activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_InterestReceivedClassifiedAsOperatingActivities_lbl" xml:lang="en-US">Interest received</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:label="ifrs-full_InterestPaidClassifiedAsOperatingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:to="ifrs-full_InterestPaidClassifiedAsOperatingActivities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestPaidClassifiedAsOperatingActivities_lbl" xml:lang="en-US">Interest paid, classified as operating activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_InterestPaidClassifiedAsOperatingActivities_lbl" xml:lang="en-US">Interest paid</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_IfrsOtherNoncashInvestingAndFinancingItemsAbstract" xlink:label="bap_IfrsOtherNoncashInvestingAndFinancingItemsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_IfrsOtherNoncashInvestingAndFinancingItemsAbstract" xlink:to="bap_IfrsOtherNoncashInvestingAndFinancingItemsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_IfrsOtherNoncashInvestingAndFinancingItemsAbstract_lbl" xml:lang="en-US">No definition available.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_IfrsOtherNoncashInvestingAndFinancingItemsAbstract_lbl" xml:lang="en-US">IFRS Other Noncash Investing and Financing Items [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_IfrsOtherNoncashInvestingAndFinancingItemsAbstract_lbl" xml:lang="en-US">Transactions that do not represent cash flow</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_IfrsRightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" xlink:label="bap_IfrsRightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_IfrsRightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" xlink:to="bap_IfrsRightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_IfrsRightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_lbl" xml:lang="en-US">Amount of increase in right-of-use asset obtained in exchange for operating lease liability.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_IfrsRightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_lbl" xml:lang="en-US">IFRS Right-of-Use Asset Obtained in Exchange for Operating Lease Liability</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_IfrsRightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_lbl" xml:lang="en-US">Recognition of lease operations</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ReclassificationFromInvestmentsAtAmortizedCostToFairValueWithChangesInEquity" xlink:label="bap_ReclassificationFromInvestmentsAtAmortizedCostToFairValueWithChangesInEquity" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ReclassificationFromInvestmentsAtAmortizedCostToFairValueWithChangesInEquity" xlink:to="bap_ReclassificationFromInvestmentsAtAmortizedCostToFairValueWithChangesInEquity_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ReclassificationFromInvestmentsAtAmortizedCostToFairValueWithChangesInEquity_lbl" xml:lang="en-US">Value of reclassification from investments at amortized cost to fair value with changes in equity.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ReclassificationFromInvestmentsAtAmortizedCostToFairValueWithChangesInEquity_lbl" xml:lang="en-US">Reclassification From Investments At Amortized Cost To Fair Value With Changes In Equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ReclassificationFromInvestmentsAtAmortizedCostToFairValueWithChangesInEquity_lbl" xml:lang="en-US">Reclassification from investments at amortized cost to fair value with changes in equity</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesAbstract" xlink:label="ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesAbstract" xlink:to="ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesAbstract_lbl" xml:lang="en-US">Reconciliation of liabilities arising from financing activities:</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesTable" xlink:label="ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesTable" xlink:to="ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesTable_lbl" xml:lang="en-US">Disclosure of reconciliation of liabilities arising from financing activities [table]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesLineItems" xlink:label="ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesLineItems" xlink:to="ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesLineItems_lbl" xml:lang="en-US">Disclosure of reconciliation of liabilities arising from financing activities [line items]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LiabilitiesArisingFromFinancingActivities" xlink:label="ifrs-full_LiabilitiesArisingFromFinancingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LiabilitiesArisingFromFinancingActivities" xlink:to="ifrs-full_LiabilitiesArisingFromFinancingActivities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LiabilitiesArisingFromFinancingActivities_lbl" xml:lang="en-US">Liabilities arising from financing activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_LiabilitiesArisingFromFinancingActivities_lbl" xml:lang="en-US">Ending Period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_LiabilitiesArisingFromFinancingActivities_lbl" xml:lang="en-US">Beginning period</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities" xlink:label="ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities" xlink:to="ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities_lbl" xml:lang="en-US">Increase through new leases, liabilities arising from financing activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities_lbl" xml:lang="en-US">New issues</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughObtainingOrLosingControlOfSubsidiariesOrOtherBusinessesLiabilitiesArisingFromFinancingActivities" xlink:label="ifrs-full_IncreaseDecreaseThroughObtainingOrLosingControlOfSubsidiariesOrOtherBusinessesLiabilitiesArisingFromFinancingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughObtainingOrLosingControlOfSubsidiariesOrOtherBusinessesLiabilitiesArisingFromFinancingActivities" xlink:to="ifrs-full_IncreaseDecreaseThroughObtainingOrLosingControlOfSubsidiariesOrOtherBusinessesLiabilitiesArisingFromFinancingActivities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughObtainingOrLosingControlOfSubsidiariesOrOtherBusinessesLiabilitiesArisingFromFinancingActivities_lbl" xml:lang="en-US">Increase (decrease) through obtaining or losing control of subsidiaries or other businesses, liabilities arising from financing activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughObtainingOrLosingControlOfSubsidiariesOrOtherBusinessesLiabilitiesArisingFromFinancingActivities_lbl" xml:lang="en-US">Amortization of principal</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities" xlink:label="ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities" xlink:to="ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities_lbl" xml:lang="en-US">Increase (decrease) through effect of changes in foreign exchange rates, liabilities arising from financing activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities_lbl" xml:lang="en-US">Exchange difference</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities" xlink:label="ifrs-full_IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities" xlink:to="ifrs-full_IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities_lbl" xml:lang="en-US">Increase (decrease) through changes in fair values, liabilities arising from financing activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities_lbl" xml:lang="en-US">Changes in fair value</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_IncreaseDecreaseThroughDiscontinuingOfHedgeLiabilitiesArisingFromFinancingActivities" xlink:label="bap_IncreaseDecreaseThroughDiscontinuingOfHedgeLiabilitiesArisingFromFinancingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_IncreaseDecreaseThroughDiscontinuingOfHedgeLiabilitiesArisingFromFinancingActivities" xlink:to="bap_IncreaseDecreaseThroughDiscontinuingOfHedgeLiabilitiesArisingFromFinancingActivities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_IncreaseDecreaseThroughDiscontinuingOfHedgeLiabilitiesArisingFromFinancingActivities_lbl" xml:lang="en-US">Increase decrease through discontinuing of hedge, liabilities arising from financing activities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_IncreaseDecreaseThroughDiscontinuingOfHedgeLiabilitiesArisingFromFinancingActivities_lbl" xml:lang="en-US">Increase Decrease Through Discontinuing Of Hedge Liabilities Arising from Financing Activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_IncreaseDecreaseThroughDiscontinuingOfHedgeLiabilitiesArisingFromFinancingActivities_lbl" xml:lang="en-US">Discontinuing of hedge</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities" xlink:label="ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities" xlink:to="ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities_lbl" xml:lang="en-US">Increase (decrease) through other changes, liabilities arising from financing activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities_lbl" xml:lang="en-US">Others</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfOperationsAbstract" xlink:label="bap_DisclosureOfOperationsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfOperationsAbstract" xlink:to="bap_DisclosureOfOperationsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfOperationsAbstract_lbl" xml:lang="en-US">OPERATIONS</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfBasisOfConsolidationExplanatory" xlink:label="ifrs-full_DisclosureOfBasisOfConsolidationExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfBasisOfConsolidationExplanatory" xlink:to="ifrs-full_DisclosureOfBasisOfConsolidationExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfBasisOfConsolidationExplanatory_lbl" xml:lang="en-US">Disclosure of basis of consolidation [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfBasisOfConsolidationExplanatory_lbl" xml:lang="en-US">OPERATIONS</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfBusinessCombinationsAbstract" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfBusinessCombinationsAbstract" xlink:to="ifrs-full_DisclosureOfBusinessCombinationsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsAbstract_lbl" xml:lang="en-US">SIGNIFICANT TRANSACTIONS</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfBusinessCombinationsExplanatory" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfBusinessCombinationsExplanatory" xlink:to="ifrs-full_DisclosureOfBusinessCombinationsExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsExplanatory_lbl" xml:lang="en-US">Disclosure of business combinations [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsExplanatory_lbl" xml:lang="en-US">SIGNIFICANT TRANSACTIONS</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfSignificantAccountingPoliciesAbstract" xlink:label="bap_DisclosureOfSignificantAccountingPoliciesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfSignificantAccountingPoliciesAbstract" xlink:to="bap_DisclosureOfSignificantAccountingPoliciesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfSignificantAccountingPoliciesAbstract_lbl" xml:lang="en-US">No definition available.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfSignificantAccountingPoliciesAbstract_lbl" xml:lang="en-US">SIGNIFICANT ACCOUNTING POLICIES</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory" xlink:label="ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory" xlink:to="ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory_lbl" xml:lang="en-US">Disclosure of significant accounting policies [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory_lbl" xml:lang="en-US">SIGNIFICANT ACCOUNTING POLICIES</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfCashAndCashEquivalentsAbstract" xlink:label="bap_DisclosureOfCashAndCashEquivalentsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfCashAndCashEquivalentsAbstract" xlink:to="bap_DisclosureOfCashAndCashEquivalentsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfCashAndCashEquivalentsAbstract_lbl" xml:lang="en-US">CASH AND DUE FROM BANKS</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory" xlink:label="ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory" xlink:to="ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory_lbl" xml:lang="en-US">Disclosure of cash and cash equivalents [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory_lbl" xml:lang="en-US">CASH AND DUE FROM BANKS</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsAbstract" xlink:label="bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsAbstract" xlink:to="bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsAbstract_lbl" xml:lang="en-US">The details about the cash collateral, reverse repurchase agreements and payables from repurchase agreements and security lending's.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsAbstract_lbl" xml:lang="en-US">CASH COLLATERAL, REVERSE REPURCHASE AGREEMENTS AND SECURITIES BORROWING AND PAYABLES FROM REPURCHASE AGREEMENTS AND SECURITIES LENDING</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfRepurchaseAndReverseRepurchaseAgreementsExplanatory" xlink:label="ifrs-full_DisclosureOfRepurchaseAndReverseRepurchaseAgreementsExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfRepurchaseAndReverseRepurchaseAgreementsExplanatory" xlink:to="ifrs-full_DisclosureOfRepurchaseAndReverseRepurchaseAgreementsExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfRepurchaseAndReverseRepurchaseAgreementsExplanatory_lbl" xml:lang="en-US">Disclosure of repurchase and reverse repurchase agreements [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfRepurchaseAndReverseRepurchaseAgreementsExplanatory_lbl" xml:lang="en-US">CASH COLLATERAL, REVERSE REPURCHASE AGREEMENTS AND SECURITIES BORROWING AND PAYABLES FROM REPURCHASE AGREEMENTS AND SECURITIES LENDING</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfInvestmentsAbstract" xlink:label="bap_DisclosureOfInvestmentsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfInvestmentsAbstract" xlink:to="bap_DisclosureOfInvestmentsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfInvestmentsAbstract_lbl" xml:lang="en-US">INVESTMENTS</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory" xlink:label="ifrs-full_DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory" xlink:to="ifrs-full_DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory_lbl" xml:lang="en-US">Disclosure of investments other than investments accounted for using equity method [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory_lbl" xml:lang="en-US">INVESTMENTS</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfLoansNetAbstract" xlink:label="bap_DisclosureOfLoansNetAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfLoansNetAbstract" xlink:to="bap_DisclosureOfLoansNetAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfLoansNetAbstract_lbl" xml:lang="en-US">LOANS, NET</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfLoansAndAdvancesToCustomersExplanatory" xlink:label="ifrs-full_DisclosureOfLoansAndAdvancesToCustomersExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfLoansAndAdvancesToCustomersExplanatory" xlink:to="ifrs-full_DisclosureOfLoansAndAdvancesToCustomersExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfLoansAndAdvancesToCustomersExplanatory_lbl" xml:lang="en-US">Disclosure of loans and advances to customers [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfLoansAndAdvancesToCustomersExplanatory_lbl" xml:lang="en-US">LOANS, NET</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatoryAbstract" xlink:label="bap_DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatoryAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatoryAbstract" xlink:to="bap_DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatoryAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatoryAbstract_lbl" xml:lang="en-US">FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatory" xlink:label="ifrs-full_DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatory" xlink:to="ifrs-full_DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatory_lbl" xml:lang="en-US">Disclosure of financial instruments designated at fair value through profit or loss [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatory_lbl" xml:lang="en-US">FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfInsuranceContractsExplanatoryAbstract" xlink:label="bap_DisclosureOfInsuranceContractsExplanatoryAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfInsuranceContractsExplanatoryAbstract" xlink:to="bap_DisclosureOfInsuranceContractsExplanatoryAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfInsuranceContractsExplanatoryAbstract_lbl" xml:lang="en-US">NET PREMIUMS EARNED</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfInsuranceContractsExplanatory" xlink:label="ifrs-full_DisclosureOfInsuranceContractsExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfInsuranceContractsExplanatory" xlink:to="ifrs-full_DisclosureOfInsuranceContractsExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfInsuranceContractsExplanatory_lbl" xml:lang="en-US">Disclosure of insurance contracts [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfInsuranceContractsExplanatory_lbl" xml:lang="en-US">ACCOUNTS RECEIVABLE AND PAYABLE FROM INSURANCE CONTRACTS</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfPropertyFurnitureAndEquipmentNetAbstract" xlink:label="bap_DisclosureOfPropertyFurnitureAndEquipmentNetAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfPropertyFurnitureAndEquipmentNetAbstract" xlink:to="bap_DisclosureOfPropertyFurnitureAndEquipmentNetAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfPropertyFurnitureAndEquipmentNetAbstract_lbl" xml:lang="en-US">PROPERTY, FURNITURE AND EQUIPMENT, NET</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:label="ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:to="ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory_lbl" xml:lang="en-US">Disclosure of property, plant and equipment [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory_lbl" xml:lang="en-US">PROPERTY, FURNITURE AND EQUIPMENT, NET</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfIntangibleAssetsAbstract" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfIntangibleAssetsAbstract" xlink:to="ifrs-full_DisclosureOfIntangibleAssetsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsAbstract_lbl" xml:lang="en-US">INTANGIBLE ASSETS AND GOODWILL, NET</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xlink:to="ifrs-full_DisclosureOfIntangibleAssetsExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsExplanatory_lbl" xml:lang="en-US">Disclosure of intangible assets [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsExplanatory_lbl" xml:lang="en-US">INTANGIBLE ASSETS AND GOODWILL, NET</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfQuantitativeInformationAboutLeasesForLesseeAbstract" xlink:label="ifrs-full_DisclosureOfQuantitativeInformationAboutLeasesForLesseeAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfQuantitativeInformationAboutLeasesForLesseeAbstract" xlink:to="ifrs-full_DisclosureOfQuantitativeInformationAboutLeasesForLesseeAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfQuantitativeInformationAboutLeasesForLesseeAbstract_lbl" xml:lang="en-US">RIGHT-OF-USE ASSETS AND LEASE LIABILITES</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfLeasesExplanatory" xlink:label="ifrs-full_DisclosureOfLeasesExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfLeasesExplanatory" xlink:to="ifrs-full_DisclosureOfLeasesExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfLeasesExplanatory_lbl" xml:lang="en-US">Disclosure of leases [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfLeasesExplanatory_lbl" xml:lang="en-US">RIGHT-OF-USE ASSETS AND LEASE LIABILITES</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfOtherAssetsAndOtherLiabilitiesAbstract" xlink:label="bap_DisclosureOfOtherAssetsAndOtherLiabilitiesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfOtherAssetsAndOtherLiabilitiesAbstract" xlink:to="bap_DisclosureOfOtherAssetsAndOtherLiabilitiesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfOtherAssetsAndOtherLiabilitiesAbstract_lbl" xml:lang="en-US">OTHER ASSETS AND OTHER LIABILITIES</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfOtherAssetsAndOtherLiabilitiesExplanatoryTextBlock" xlink:label="bap_DisclosureOfOtherAssetsAndOtherLiabilitiesExplanatoryTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfOtherAssetsAndOtherLiabilitiesExplanatoryTextBlock" xlink:to="bap_DisclosureOfOtherAssetsAndOtherLiabilitiesExplanatoryTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfOtherAssetsAndOtherLiabilitiesExplanatoryTextBlock_lbl" xml:lang="en-US">The disclosure of other assets and other liabilities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfOtherAssetsAndOtherLiabilitiesExplanatoryTextBlock_lbl" xml:lang="en-US">Disclosure of other assets and other liabilities explanatory [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisclosureOfOtherAssetsAndOtherLiabilitiesExplanatoryTextBlock_lbl" xml:lang="en-US">OTHER ASSETS AND OTHER LIABILITIES</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDepositsAndObligationsAbstract" xlink:label="bap_DisclosureOfDepositsAndObligationsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDepositsAndObligationsAbstract" xlink:to="bap_DisclosureOfDepositsAndObligationsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDepositsAndObligationsAbstract_lbl" xml:lang="en-US">DEPOSITS AND OBLIGATIONS</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfDepositsFromCustomersExplanatory" xlink:label="ifrs-full_DisclosureOfDepositsFromCustomersExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDepositsFromCustomersExplanatory" xlink:to="ifrs-full_DisclosureOfDepositsFromCustomersExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDepositsFromCustomersExplanatory_lbl" xml:lang="en-US">Disclosure of deposits from customers [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfDepositsFromCustomersExplanatory_lbl" xml:lang="en-US">DEPOSITS AND OBLIGATIONS</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDepositsFromBanksExplanatoryAbstract" xlink:label="bap_DisclosureOfDepositsFromBanksExplanatoryAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDepositsFromBanksExplanatoryAbstract" xlink:to="bap_DisclosureOfDepositsFromBanksExplanatoryAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDepositsFromBanksExplanatoryAbstract_lbl" xml:lang="en-US">No definition available.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDepositsFromBanksExplanatoryAbstract_lbl" xml:lang="en-US">DUE TO BANKS AND CORRESPONDENTS</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDepositsFromBanksExplanatoryTextBlock" xlink:label="bap_DisclosureOfDepositsFromBanksExplanatoryTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDepositsFromBanksExplanatoryTextBlock" xlink:to="bap_DisclosureOfDepositsFromBanksExplanatoryTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDepositsFromBanksExplanatoryTextBlock_lbl" xml:lang="en-US">No definition available.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDepositsFromBanksExplanatoryTextBlock_lbl" xml:lang="en-US">Disclosure Of Deposits From Banks Explanatory [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDepositsFromBanksExplanatoryTextBlock_lbl" xml:lang="en-US">DUE TO BANKS AND CORRESPONDENTS</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesAbstract" xlink:label="bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesAbstract" xlink:to="bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesAbstract_lbl" xml:lang="en-US">No definition available.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesAbstract_lbl" xml:lang="en-US">TECHNICAL RESERVES FOR INSURANCE CLAIMS AND PREMIUMS</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesTextBlock" xlink:label="bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesTextBlock" xlink:to="bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesTextBlock_lbl" xml:lang="en-US">The entire disclosure of insurance claim reserves and technical reserves.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesTextBlock_lbl" xml:lang="en-US">Disclosure of insurance claim reserves and technical reserves [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesTextBlock_lbl" xml:lang="en-US">TECHNICAL RESERVES FOR INSURANCE CLAIMS AND PREMIUMS</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfBondsAndNotesIssuedAbstract" xlink:label="bap_DisclosureOfBondsAndNotesIssuedAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfBondsAndNotesIssuedAbstract" xlink:to="bap_DisclosureOfBondsAndNotesIssuedAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfBondsAndNotesIssuedAbstract_lbl" xml:lang="en-US">No definition available.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfBondsAndNotesIssuedAbstract_lbl" xml:lang="en-US">BONDS AND NOTES ISSUED</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfBondsAndNotesIssuedTextBlock" xlink:label="bap_DisclosureOfBondsAndNotesIssuedTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfBondsAndNotesIssuedTextBlock" xlink:to="bap_DisclosureOfBondsAndNotesIssuedTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfBondsAndNotesIssuedTextBlock_lbl" xml:lang="en-US">The disclosure of bonds and notes issued during the period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfBondsAndNotesIssuedTextBlock_lbl" xml:lang="en-US">Disclosure Of Bonds And Notes Issued [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisclosureOfBondsAndNotesIssuedTextBlock_lbl" xml:lang="en-US">BONDS AND NOTES ISSUED</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfEquityAbstract" xlink:label="bap_DisclosureOfEquityAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfEquityAbstract" xlink:to="bap_DisclosureOfEquityAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfEquityAbstract_lbl" xml:lang="en-US">No definition available.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfEquityAbstract_lbl" xml:lang="en-US">EQUITY</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xlink:label="ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xlink:to="ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory_lbl" xml:lang="en-US">Disclosure of share capital, reserves and other equity interest [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory_lbl" xml:lang="en-US">EQUITY</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfTaxSituationAbstract" xlink:label="bap_DisclosureOfTaxSituationAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfTaxSituationAbstract" xlink:to="bap_DisclosureOfTaxSituationAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfTaxSituationAbstract_lbl" xml:lang="en-US">TAX SITUATION</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:label="ifrs-full_DisclosureOfIncomeTaxExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:to="ifrs-full_DisclosureOfIncomeTaxExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfIncomeTaxExplanatory_lbl" xml:lang="en-US">Disclosure of income tax [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfIncomeTaxExplanatory_lbl" xml:lang="en-US">TAX SITUATION</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ShareBasedCompensationPlansAbstract" xlink:label="bap_ShareBasedCompensationPlansAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ShareBasedCompensationPlansAbstract" xlink:to="bap_ShareBasedCompensationPlansAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ShareBasedCompensationPlansAbstract_lbl" xml:lang="en-US">SHARE-BASED COMPENSATION PLANS</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory" xlink:label="ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory" xlink:to="ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory_lbl" xml:lang="en-US">Disclosure of share-based payment arrangements [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory_lbl" xml:lang="en-US">SHARE-BASED COMPENSATION PLANS</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OffBalanceSheetAccountsAbstract" xlink:label="bap_OffBalanceSheetAccountsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OffBalanceSheetAccountsAbstract" xlink:to="bap_OffBalanceSheetAccountsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OffBalanceSheetAccountsAbstract_lbl" xml:lang="en-US">OFF-BALANCE SHEET ACCOUNTS</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfOffBalanceSheetAccountsTextBlock" xlink:label="bap_DisclosureOfOffBalanceSheetAccountsTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfOffBalanceSheetAccountsTextBlock" xlink:to="bap_DisclosureOfOffBalanceSheetAccountsTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfOffBalanceSheetAccountsTextBlock_lbl" xml:lang="en-US">The disclosure of off balance sheet accounts.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfOffBalanceSheetAccountsTextBlock_lbl" xml:lang="en-US">Disclosure of off balance sheet accounts [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisclosureOfOffBalanceSheetAccountsTextBlock_lbl" xml:lang="en-US">OFF-BALANCE SHEET ACCOUNTS</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfInterestIncomeExpenseExplanatoryAbstract" xlink:label="bap_DisclosureOfInterestIncomeExpenseExplanatoryAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfInterestIncomeExpenseExplanatoryAbstract" xlink:to="bap_DisclosureOfInterestIncomeExpenseExplanatoryAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfInterestIncomeExpenseExplanatoryAbstract_lbl" xml:lang="en-US">INTEREST, SIMILAR INCOME AND SIMILAR EXPENSES</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfInterestIncomeExpenseExplanatoryTextBlock" xlink:label="bap_DisclosureOfInterestIncomeExpenseExplanatoryTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfInterestIncomeExpenseExplanatoryTextBlock" xlink:to="bap_DisclosureOfInterestIncomeExpenseExplanatoryTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfInterestIncomeExpenseExplanatoryTextBlock_lbl" xml:lang="en-US">No definition available.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfInterestIncomeExpenseExplanatoryTextBlock_lbl" xml:lang="en-US">Disclosure Of Interest Income Expense Explanatory [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisclosureOfInterestIncomeExpenseExplanatoryTextBlock_lbl" xml:lang="en-US">INTEREST, SIMILAR INCOME AND SIMILAR EXPENSES</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfFeeAndCommissionIncomeExpenseExplanatoryAbstract" xlink:label="bap_DisclosureOfFeeAndCommissionIncomeExpenseExplanatoryAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfFeeAndCommissionIncomeExpenseExplanatoryAbstract" xlink:to="bap_DisclosureOfFeeAndCommissionIncomeExpenseExplanatoryAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfFeeAndCommissionIncomeExpenseExplanatoryAbstract_lbl" xml:lang="en-US">COMMISSIONS AND FEES</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfFeeAndCommissionIncomeExpenseExplanatory" xlink:label="ifrs-full_DisclosureOfFeeAndCommissionIncomeExpenseExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFeeAndCommissionIncomeExpenseExplanatory" xlink:to="ifrs-full_DisclosureOfFeeAndCommissionIncomeExpenseExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFeeAndCommissionIncomeExpenseExplanatory_lbl" xml:lang="en-US">Disclosure of fee and commission income (expense) [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfFeeAndCommissionIncomeExpenseExplanatory_lbl" xml:lang="en-US">COMMISSIONS AND FEES</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnDisposalsOfInvestmentsAbstract" xlink:label="ifrs-full_GainsLossesOnDisposalsOfInvestmentsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnDisposalsOfInvestmentsAbstract" xlink:to="ifrs-full_GainsLossesOnDisposalsOfInvestmentsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesOnDisposalsOfInvestmentsAbstract_lbl" xml:lang="en-US">NET GAIN ON SECURITIES</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfFinancialAssetsHeldForTradingExplanatory" xlink:label="ifrs-full_DisclosureOfFinancialAssetsHeldForTradingExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFinancialAssetsHeldForTradingExplanatory" xlink:to="ifrs-full_DisclosureOfFinancialAssetsHeldForTradingExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFinancialAssetsHeldForTradingExplanatory_lbl" xml:lang="en-US">Disclosure of financial assets held for trading [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfFinancialAssetsHeldForTradingExplanatory_lbl" xml:lang="en-US">NET GAIN ON SECURITIES</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfInsuranceContractsNetPremiumsEarnedTextBlock" xlink:label="bap_DisclosureOfInsuranceContractsNetPremiumsEarnedTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfInsuranceContractsNetPremiumsEarnedTextBlock" xlink:to="bap_DisclosureOfInsuranceContractsNetPremiumsEarnedTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfInsuranceContractsNetPremiumsEarnedTextBlock_lbl" xml:lang="en-US">Disclosure of insurance contracts net premiums earned [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfInsuranceContractsNetPremiumsEarnedTextBlock_lbl" xml:lang="en-US">Disclosure Of Insurance Contracts Net Premiums Earned [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisclosureOfInsuranceContractsNetPremiumsEarnedTextBlock_lbl" xml:lang="en-US">NET PREMIUMS EARNED</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfClaimsAndBenefitsIncurredAbstract" xlink:label="bap_DisclosureOfClaimsAndBenefitsIncurredAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfClaimsAndBenefitsIncurredAbstract" xlink:to="bap_DisclosureOfClaimsAndBenefitsIncurredAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfClaimsAndBenefitsIncurredAbstract_lbl" xml:lang="en-US">NET CLAIMS INCURRED FOR LIFE, GENERAL AND HEALTH INSURANCE CONTRACTS</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfClaimsAndBenefitsIncurredExplanatoryTextBlock" xlink:label="bap_DisclosureOfClaimsAndBenefitsIncurredExplanatoryTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfClaimsAndBenefitsIncurredExplanatoryTextBlock" xlink:to="bap_DisclosureOfClaimsAndBenefitsIncurredExplanatoryTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfClaimsAndBenefitsIncurredExplanatoryTextBlock_lbl" xml:lang="en-US">Disclosure of claims and benefits incurred explanatory [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfClaimsAndBenefitsIncurredExplanatoryTextBlock_lbl" xml:lang="en-US">Disclosure Of Claims And Benefits Incurred Explanatory [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisclosureOfClaimsAndBenefitsIncurredExplanatoryTextBlock_lbl" xml:lang="en-US">NET CLAIMS INCURRED FOR LIFE, GENERAL AND HEALTH INSURANCE CONTRACTS</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfSalariesAndEmployeesBenefitsAbstract" xlink:label="bap_DisclosureOfSalariesAndEmployeesBenefitsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfSalariesAndEmployeesBenefitsAbstract" xlink:to="bap_DisclosureOfSalariesAndEmployeesBenefitsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfSalariesAndEmployeesBenefitsAbstract_lbl" xml:lang="en-US">SALARIES AND EMPLOYEES BENEFITS</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfSalariesAndEmployeesBenefitsTextBlock" xlink:label="bap_DisclosureOfSalariesAndEmployeesBenefitsTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfSalariesAndEmployeesBenefitsTextBlock" xlink:to="bap_DisclosureOfSalariesAndEmployeesBenefitsTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfSalariesAndEmployeesBenefitsTextBlock_lbl" xml:lang="en-US">n/a</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfSalariesAndEmployeesBenefitsTextBlock_lbl" xml:lang="en-US">Disclosure of salaries and employees benefits [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisclosureOfSalariesAndEmployeesBenefitsTextBlock_lbl" xml:lang="en-US">SALARIES AND EMPLOYEES BENEFITS</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfAdministrativeExpensesAbstract" xlink:label="bap_DisclosureOfAdministrativeExpensesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfAdministrativeExpensesAbstract" xlink:to="bap_DisclosureOfAdministrativeExpensesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfAdministrativeExpensesAbstract_lbl" xml:lang="en-US">ADMINISTRATIVE EXPENSES</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfGeneralAndAdministrativeExpenseExplanatory" xlink:label="ifrs-full_DisclosureOfGeneralAndAdministrativeExpenseExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfGeneralAndAdministrativeExpenseExplanatory" xlink:to="ifrs-full_DisclosureOfGeneralAndAdministrativeExpenseExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfGeneralAndAdministrativeExpenseExplanatory_lbl" xml:lang="en-US">Disclosure of general and administrative expense [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfGeneralAndAdministrativeExpenseExplanatory_lbl" xml:lang="en-US">ADMINISTRATIVE EXPENSES</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfOtherIncomeAndExpensesAbstract" xlink:label="bap_DisclosureOfOtherIncomeAndExpensesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfOtherIncomeAndExpensesAbstract" xlink:to="bap_DisclosureOfOtherIncomeAndExpensesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfOtherIncomeAndExpensesAbstract_lbl" xml:lang="en-US">OTHER INCOME AND EXPENSES</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory" xlink:label="ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory" xlink:to="ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory_lbl" xml:lang="en-US">Disclosure of other operating income (expense) [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory_lbl" xml:lang="en-US">OTHER INCOME AND EXPENSES</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfEarningPerSharesAbstract" xlink:label="bap_DisclosureOfEarningPerSharesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfEarningPerSharesAbstract" xlink:to="bap_DisclosureOfEarningPerSharesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfEarningPerSharesAbstract_lbl" xml:lang="en-US">EARNINGS PER SHARE</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfEarningsPerShareExplanatoryTextBlock" xlink:label="bap_DisclosureOfEarningsPerShareExplanatoryTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfEarningsPerShareExplanatoryTextBlock" xlink:to="bap_DisclosureOfEarningsPerShareExplanatoryTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfEarningsPerShareExplanatoryTextBlock_lbl" xml:lang="en-US">The entire disclosure for earnings per share.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfEarningsPerShareExplanatoryTextBlock_lbl" xml:lang="en-US">Disclosure Of Earnings Per Share Explanatory [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisclosureOfEarningsPerShareExplanatoryTextBlock_lbl" xml:lang="en-US">EARNINGS PER SHARE</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfOperatingSegmentsAbstract" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOperatingSegmentsAbstract" xlink:to="ifrs-full_DisclosureOfOperatingSegmentsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsAbstract_lbl" xml:lang="en-US">OPERATING SEGMENTS</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:to="ifrs-full_DisclosureOfOperatingSegmentsExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsExplanatory_lbl" xml:lang="en-US">Disclosure of operating segments [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsExplanatory_lbl" xml:lang="en-US">OPERATING SEGMENTS</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfRelatedPartyExplanatoryAbstract" xlink:label="bap_DisclosureOfRelatedPartyExplanatoryAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfRelatedPartyExplanatoryAbstract" xlink:to="bap_DisclosureOfRelatedPartyExplanatoryAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfRelatedPartyExplanatoryAbstract_lbl" xml:lang="en-US">TRANSACTIONS WITH RELATED PARTIES</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfRelatedPartyExplanatoryTextBlock" xlink:label="bap_DisclosureOfRelatedPartyExplanatoryTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfRelatedPartyExplanatoryTextBlock" xlink:to="bap_DisclosureOfRelatedPartyExplanatoryTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfRelatedPartyExplanatoryTextBlock_lbl" xml:lang="en-US">n/a</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfRelatedPartyExplanatoryTextBlock_lbl" xml:lang="en-US">Disclosure Of Related Party Explanatory [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisclosureOfRelatedPartyExplanatoryTextBlock_lbl" xml:lang="en-US">TRANSACTIONS WITH RELATED PARTIES</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFinancialInstrumentsAbstract_lbl" xml:lang="en-US">FINANCIAL INSTRUMENTS CLASSIFICATION</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfFinancialInstrumentsExplanatory" xlink:label="ifrs-full_DisclosureOfFinancialInstrumentsExplanatory" />
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFinancialInstrumentsExplanatory_lbl" xml:lang="en-US">Disclosure of financial instruments [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfFinancialInstrumentsExplanatory_lbl" xml:lang="en-US">FINANCIAL INSTRUMENTS CLASSIFICATION</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfFinancialRiskManagementAbstract" xlink:label="bap_DisclosureOfFinancialRiskManagementAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfFinancialRiskManagementAbstract" xlink:to="bap_DisclosureOfFinancialRiskManagementAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfFinancialRiskManagementAbstract_lbl" xml:lang="en-US">FINANCIAL RISK MANAGEMENT</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfFinancialRiskManagementExplanatory" xlink:label="ifrs-full_DisclosureOfFinancialRiskManagementExplanatory" />
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFinancialRiskManagementExplanatory_lbl" xml:lang="en-US">Disclosure of financial risk management [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfFinancialRiskManagementExplanatory_lbl" xml:lang="en-US">FINANCIAL RISK MANAGEMENT</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfCommitmentsAndContingenciesAbstract" xlink:label="bap_DisclosureOfCommitmentsAndContingenciesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfCommitmentsAndContingenciesAbstract" xlink:to="bap_DisclosureOfCommitmentsAndContingenciesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfCommitmentsAndContingenciesAbstract_lbl" xml:lang="en-US">COMMITMENTS AND CONTINGENCIES</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:label="ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" />
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory_lbl" xml:lang="en-US">Disclosure of commitments and contingent liabilities [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory_lbl" xml:lang="en-US">COMMITMENTS AND CONTINGENCIES</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract" xlink:label="ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract" xlink:to="ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract_lbl" xml:lang="en-US">EVENTS OCURRED AFTER THE REPORT PERIOD</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:label="ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:to="ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory_lbl" xml:lang="en-US">Disclosure of events after reporting period [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory_lbl" xml:lang="en-US">EVENTS OCURRED AFTER THE REPORT PERIOD</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DescriptionOfAccountingPolicyForBasisOfPresentationAndUseOdEstimatesTextBlock" xlink:label="bap_DescriptionOfAccountingPolicyForBasisOfPresentationAndUseOdEstimatesTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DescriptionOfAccountingPolicyForBasisOfPresentationAndUseOdEstimatesTextBlock" xlink:to="bap_DescriptionOfAccountingPolicyForBasisOfPresentationAndUseOdEstimatesTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DescriptionOfAccountingPolicyForBasisOfPresentationAndUseOdEstimatesTextBlock_lbl" xml:lang="en-US">The description of the entity's accounting policy for basis of presentation and use of estimates.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DescriptionOfAccountingPolicyForBasisOfPresentationAndUseOdEstimatesTextBlock_lbl" xml:lang="en-US">Description of accounting policy for basis of presentation and use od estimates [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DescriptionOfAccountingPolicyForBasisOfPresentationAndUseOdEstimatesTextBlock_lbl" xml:lang="en-US">Basis of presentation, use of estimates and changes in accounting policies</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DescriptionOfAccountingPolicyForBasisOfConsolidationTextBlock" xlink:label="bap_DescriptionOfAccountingPolicyForBasisOfConsolidationTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DescriptionOfAccountingPolicyForBasisOfConsolidationTextBlock" xlink:to="bap_DescriptionOfAccountingPolicyForBasisOfConsolidationTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DescriptionOfAccountingPolicyForBasisOfConsolidationTextBlock_lbl" xml:lang="en-US">The description of the entity's accounting policy for the basis of consolidation.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DescriptionOfAccountingPolicyForBasisOfConsolidationTextBlock_lbl" xml:lang="en-US">Description of accounting policy for basis of consolidation [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DescriptionOfAccountingPolicyForBasisOfConsolidationTextBlock_lbl" xml:lang="en-US">Basis of consolidation</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory_lbl" xml:lang="en-US">Description of accounting policy for foreign currency translation [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory_lbl" xml:lang="en-US">Functional, presentation and foreign currency transactions</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DescriptionOfAccountingPolicyForRecognitionOfIncomeAndExpensesFromBankingActivitiesTextBlock" xlink:label="bap_DescriptionOfAccountingPolicyForRecognitionOfIncomeAndExpensesFromBankingActivitiesTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DescriptionOfAccountingPolicyForRecognitionOfIncomeAndExpensesFromBankingActivitiesTextBlock" xlink:to="bap_DescriptionOfAccountingPolicyForRecognitionOfIncomeAndExpensesFromBankingActivitiesTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DescriptionOfAccountingPolicyForRecognitionOfIncomeAndExpensesFromBankingActivitiesTextBlock_lbl" xml:lang="en-US">The description of the entity's accounting policy for the recognition of income and expenses from the banking activities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DescriptionOfAccountingPolicyForRecognitionOfIncomeAndExpensesFromBankingActivitiesTextBlock_lbl" xml:lang="en-US">Description of accounting policy for recognition of income and expenses from banking activities [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DescriptionOfAccountingPolicyForRecognitionOfIncomeAndExpensesFromBankingActivitiesTextBlock_lbl" xml:lang="en-US">Recognition of income and expenses from banking activities</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForInsuranceContracts" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForInsuranceContracts" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForInsuranceContracts" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForInsuranceContracts_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForInsuranceContracts_lbl" xml:lang="en-US">Description of accounting policy for insurance contracts and related assets, liabilities, income and expense [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForInsuranceContracts_lbl" xml:lang="en-US">Insurance activities</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory_lbl" xml:lang="en-US">Description of accounting policy for financial instruments [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory_lbl" xml:lang="en-US">Financial instruments: Initial recognition and subsequent measurement</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory_lbl" xml:lang="en-US">Description of accounting policy for derecognition of financial instruments [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory_lbl" xml:lang="en-US">De-recognition of financial assets and liabilities</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory_lbl" xml:lang="en-US">Description of accounting policy for offsetting of financial instruments [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory_lbl" xml:lang="en-US">Offsetting financial instruments</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory_lbl" xml:lang="en-US">Description of accounting policy for impairment of financial assets [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory_lbl" xml:lang="en-US">Impairment of financial assets</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory_lbl" xml:lang="en-US">Description of accounting policy for leases [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory_lbl" xml:lang="en-US">Leases</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory_lbl" xml:lang="en-US">Description of accounting policy for property, plant and equipment [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory_lbl" xml:lang="en-US">Property, furniture and equipment</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory" />
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory_lbl" xml:lang="en-US">Description of accounting policy for investment property [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory_lbl" xml:lang="en-US">Investment properties</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DescriptionOfAccountingPolicyForSeizedAssetsTextBlock" xlink:label="bap_DescriptionOfAccountingPolicyForSeizedAssetsTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DescriptionOfAccountingPolicyForSeizedAssetsTextBlock" xlink:to="bap_DescriptionOfAccountingPolicyForSeizedAssetsTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DescriptionOfAccountingPolicyForSeizedAssetsTextBlock_lbl" xml:lang="en-US">The description of the entity's accounting policy for seized assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DescriptionOfAccountingPolicyForSeizedAssetsTextBlock_lbl" xml:lang="en-US">Description of accounting policy for seized assets [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DescriptionOfAccountingPolicyForSeizedAssetsTextBlock_lbl" xml:lang="en-US">Seized assets</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory_lbl" xml:lang="en-US">Description of accounting policy for business combinations [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory_lbl" xml:lang="en-US">Business combination</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory_lbl" xml:lang="en-US">Description of accounting policy for intangible assets other than goodwill [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory_lbl" xml:lang="en-US">Intangible assets</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForGoodwillExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForGoodwillExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForGoodwillExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForGoodwillExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForGoodwillExplanatory_lbl" xml:lang="en-US">Description of accounting policy for goodwill [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForGoodwillExplanatory_lbl" xml:lang="en-US">Goodwill</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory_lbl" xml:lang="en-US">Description of accounting policy for impairment of non-financial assets [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory_lbl" xml:lang="en-US">Impairment of non-financial assets</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DescriptionOfAccountingPolicyForDueFromCustomersOnAcceptancesTextBlock" xlink:label="bap_DescriptionOfAccountingPolicyForDueFromCustomersOnAcceptancesTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DescriptionOfAccountingPolicyForDueFromCustomersOnAcceptancesTextBlock" xlink:to="bap_DescriptionOfAccountingPolicyForDueFromCustomersOnAcceptancesTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DescriptionOfAccountingPolicyForDueFromCustomersOnAcceptancesTextBlock_lbl" xml:lang="en-US">The description of the entity's accounting policy for amount receivable from customers on acceptance.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DescriptionOfAccountingPolicyForDueFromCustomersOnAcceptancesTextBlock_lbl" xml:lang="en-US">Description of accounting policy for due from customers on acceptances [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DescriptionOfAccountingPolicyForDueFromCustomersOnAcceptancesTextBlock_lbl" xml:lang="en-US">Due from customers on acceptances</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForFinancialGuaranteesExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFinancialGuaranteesExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForFinancialGuaranteesExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForFinancialGuaranteesExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFinancialGuaranteesExplanatory_lbl" xml:lang="en-US">Description of accounting policy for financial guarantees [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFinancialGuaranteesExplanatory_lbl" xml:lang="en-US">Financial guarantees</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory_lbl" xml:lang="en-US">Description of accounting policy for provisions [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory_lbl" xml:lang="en-US">Provisions</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DescriptionOfAccountingPolicyForContingenciesTextBlock" xlink:label="bap_DescriptionOfAccountingPolicyForContingenciesTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DescriptionOfAccountingPolicyForContingenciesTextBlock" xlink:to="bap_DescriptionOfAccountingPolicyForContingenciesTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DescriptionOfAccountingPolicyForContingenciesTextBlock_lbl" xml:lang="en-US">The description of the entity's accounting policy for contingencies.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DescriptionOfAccountingPolicyForContingenciesTextBlock_lbl" xml:lang="en-US">Description of accounting policy for contingencies [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DescriptionOfAccountingPolicyForContingenciesTextBlock_lbl" xml:lang="en-US">Contingencies</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory_lbl" xml:lang="en-US">Description of accounting policy for income tax [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory_lbl" xml:lang="en-US">Income tax</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory_lbl" xml:lang="en-US">Description of accounting policy for earnings per share [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory_lbl" xml:lang="en-US">Earnings per share</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory_lbl" xml:lang="en-US">Description of accounting policy for share-based payment transactions [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory_lbl" xml:lang="en-US">Share-based payment transactions</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory_lbl" xml:lang="en-US">Description of accounting policy for derivative financial instruments and hedging [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory_lbl" xml:lang="en-US">Derivative financial instruments and hedge accounting</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory_lbl" xml:lang="en-US">Description of accounting policy for fair value measurement [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory_lbl" xml:lang="en-US">Fair value measurement</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory_lbl" xml:lang="en-US">Description of accounting policy for segment reporting [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory_lbl" xml:lang="en-US">Segment reporting</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DescriptionOfAccountingPolicyForFiduciaryActivitiesManagementOfFundsAndPensionFundsTextBlock" xlink:label="bap_DescriptionOfAccountingPolicyForFiduciaryActivitiesManagementOfFundsAndPensionFundsTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DescriptionOfAccountingPolicyForFiduciaryActivitiesManagementOfFundsAndPensionFundsTextBlock" xlink:to="bap_DescriptionOfAccountingPolicyForFiduciaryActivitiesManagementOfFundsAndPensionFundsTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DescriptionOfAccountingPolicyForFiduciaryActivitiesManagementOfFundsAndPensionFundsTextBlock_lbl" xml:lang="en-US">The description of the entity's accounting policy for fiduciary activities, management of funds and pension funds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DescriptionOfAccountingPolicyForFiduciaryActivitiesManagementOfFundsAndPensionFundsTextBlock_lbl" xml:lang="en-US">Description of accounting policy for fiduciary activities, management of funds and pension funds [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DescriptionOfAccountingPolicyForFiduciaryActivitiesManagementOfFundsAndPensionFundsTextBlock_lbl" xml:lang="en-US">Fiduciary activities, management of funds and pension funds</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents" xlink:label="ifrs-full_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents" xlink:to="ifrs-full_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents_lbl" xml:lang="en-US">Description of accounting policy for determining components of cash and cash equivalents [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents_lbl" xml:lang="en-US">Cash and cash equivalents</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations" xlink:label="ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations" xlink:to="ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations_lbl" xml:lang="en-US">Disclosure of expected impact of initial application of new standards or interpretations [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations_lbl" xml:lang="en-US">International Financial Reporting Standards issued but not yet effective</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" xlink:to="ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory_lbl" xml:lang="en-US">Disclosure of detailed information about business combinations [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory_lbl" xml:lang="en-US">Summary of book value and fair value of the identified assets and liabilities of the entities purchased</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutBasisOfConsolidationExplanatoryTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutBasisOfConsolidationExplanatoryTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutBasisOfConsolidationExplanatoryTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutBasisOfConsolidationExplanatoryTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutBasisOfConsolidationExplanatoryTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about the basis used for consolidation.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutBasisOfConsolidationExplanatoryTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about basis of consolidation explanatory [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutBasisOfConsolidationExplanatoryTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about basis of consolidation</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfPropertyFurnitureAndEquipmentEstimatedUsefulLivesTextBlock" xlink:label="bap_DisclosureOfPropertyFurnitureAndEquipmentEstimatedUsefulLivesTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfPropertyFurnitureAndEquipmentEstimatedUsefulLivesTextBlock" xlink:to="bap_DisclosureOfPropertyFurnitureAndEquipmentEstimatedUsefulLivesTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfPropertyFurnitureAndEquipmentEstimatedUsefulLivesTextBlock_lbl" xml:lang="en-US">Disclosure of property, furniture and equipment estimated useful lives [text block].</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfPropertyFurnitureAndEquipmentEstimatedUsefulLivesTextBlock_lbl" xml:lang="en-US">Disclosure of Property, furniture and equipment estimated useful lives [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfPropertyFurnitureAndEquipmentEstimatedUsefulLivesTextBlock_lbl" xml:lang="en-US">Schedule of Property, furniture and equipment estimated useful lives</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfIntangibleAssetsEstimatedUsefulLivesTextBlock" xlink:label="bap_DisclosureOfIntangibleAssetsEstimatedUsefulLivesTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfIntangibleAssetsEstimatedUsefulLivesTextBlock" xlink:to="bap_DisclosureOfIntangibleAssetsEstimatedUsefulLivesTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfIntangibleAssetsEstimatedUsefulLivesTextBlock_lbl" xml:lang="en-US">Disclosure of intangible assets estimated useful lives [text block].</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfIntangibleAssetsEstimatedUsefulLivesTextBlock_lbl" xml:lang="en-US">Disclosure of intangible assets estimated useful lives [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfIntangibleAssetsEstimatedUsefulLivesTextBlock_lbl" xml:lang="en-US">Schedule of intangible assets estimated useful lives</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutCashAndCashEquivalentsTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutCashAndCashEquivalentsTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutCashAndCashEquivalentsTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutCashAndCashEquivalentsTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutCashAndCashEquivalentsTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about cash and cash equivalents.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutCashAndCashEquivalentsTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about cash and cash equivalents [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutCashAndCashEquivalentsTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about cash and cash equivalents</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutReserveDepositsTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutReserveDepositsTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutReserveDepositsTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutReserveDepositsTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutReserveDepositsTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about reserve deposits.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutReserveDepositsTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about reserve deposits [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutReserveDepositsTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about reserve deposits</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutCashCollateralAndReversePurchaseAgreementsTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutCashCollateralAndReversePurchaseAgreementsTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutCashCollateralAndReversePurchaseAgreementsTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutCashCollateralAndReversePurchaseAgreementsTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutCashCollateralAndReversePurchaseAgreementsTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about cash collateral and reverse purchase agreements.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutCashCollateralAndReversePurchaseAgreementsTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about cash collateral and reverse purchase agreements [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutCashCollateralAndReversePurchaseAgreementsTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about cash collateral and reverse purchase agreements</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutReverseRepurchaseAgreementsAndSecurityBorrowingsInWhichFinancialInstrumentServesAsCollateralTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutReverseRepurchaseAgreementsAndSecurityBorrowingsInWhichFinancialInstrumentServesAsCollateralTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutReverseRepurchaseAgreementsAndSecurityBorrowingsInWhichFinancialInstrumentServesAsCollateralTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutReverseRepurchaseAgreementsAndSecurityBorrowingsInWhichFinancialInstrumentServesAsCollateralTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutReverseRepurchaseAgreementsAndSecurityBorrowingsInWhichFinancialInstrumentServesAsCollateralTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about reverse repurchase agreements and security borrowings, in which a financial instrument serves as collateral.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutReverseRepurchaseAgreementsAndSecurityBorrowingsInWhichFinancialInstrumentServesAsCollateralTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about reverse repurchase agreements and security borrowings, in which a financial instrument serves as collateral [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutReverseRepurchaseAgreementsAndSecurityBorrowingsInWhichFinancialInstrumentServesAsCollateralTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about reverse repurchase agreements and security borrowings, in which a financial instrument serves as collateral</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutPayablesFromRepurchaseAgreementsAndSecurityLendingsTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutPayablesFromRepurchaseAgreementsAndSecurityLendingsTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutPayablesFromRepurchaseAgreementsAndSecurityLendingsTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutPayablesFromRepurchaseAgreementsAndSecurityLendingsTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutPayablesFromRepurchaseAgreementsAndSecurityLendingsTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about payables from repurchase agreements and security lending's.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutPayablesFromRepurchaseAgreementsAndSecurityLendingsTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about payables from repurchase agreements and security lendings [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutPayablesFromRepurchaseAgreementsAndSecurityLendingsTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about payables from repurchase agreements and security lendings</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutRepurchaseAgreementAndSecurityLendingSecuredWithCashavailableForSaleInvestmentsAndHeldToMaturityInvestmentTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutRepurchaseAgreementAndSecurityLendingSecuredWithCashavailableForSaleInvestmentsAndHeldToMaturityInvestmentTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutRepurchaseAgreementAndSecurityLendingSecuredWithCashavailableForSaleInvestmentsAndHeldToMaturityInvestmentTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutRepurchaseAgreementAndSecurityLendingSecuredWithCashavailableForSaleInvestmentsAndHeldToMaturityInvestmentTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutRepurchaseAgreementAndSecurityLendingSecuredWithCashavailableForSaleInvestmentsAndHeldToMaturityInvestmentTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about repurchase agreement and security lending secured with cash, available for sale investments and held to maturity investment[text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutRepurchaseAgreementAndSecurityLendingSecuredWithCashavailableForSaleInvestmentsAndHeldToMaturityInvestmentTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about repurchase agreement and security lending secured with cash,available for sale investments and held to maturity investment [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutRepurchaseAgreementAndSecurityLendingSecuredWithCashavailableForSaleInvestmentsAndHeldToMaturityInvestmentTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about repurchase agreement and security lending secured with cash, available for sale investments and held to maturity investment</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfInvestmentHeldForTradingAtFairValueThroughtProfitOrLossTableTextBlock" xlink:label="bap_DisclosureOfInvestmentHeldForTradingAtFairValueThroughtProfitOrLossTableTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfInvestmentHeldForTradingAtFairValueThroughtProfitOrLossTableTextBlock" xlink:to="bap_DisclosureOfInvestmentHeldForTradingAtFairValueThroughtProfitOrLossTableTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfInvestmentHeldForTradingAtFairValueThroughtProfitOrLossTableTextBlock_lbl" xml:lang="en-US">Disclosure Of Investment Held For Trading At Fair Value Throught Profit Or Loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfInvestmentHeldForTradingAtFairValueThroughtProfitOrLossTableTextBlock_lbl" xml:lang="en-US">Disclosure Of Investment Held For Trading At Fair Value Throught Profit Or Loss [Table Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfInvestmentHeldForTradingAtFairValueThroughtProfitOrLossTableTextBlock_lbl" xml:lang="en-US">Schedule of investment held for trading at fair value throught Profit or loss</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutInvestmentAtFairValueThroughProfitOrLossAndAvailableForSaleInvestmentsTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutInvestmentAtFairValueThroughProfitOrLossAndAvailableForSaleInvestmentsTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutInvestmentAtFairValueThroughProfitOrLossAndAvailableForSaleInvestmentsTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutInvestmentAtFairValueThroughProfitOrLossAndAvailableForSaleInvestmentsTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutInvestmentAtFairValueThroughProfitOrLossAndAvailableForSaleInvestmentsTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about investment at fair value through profit or loss and available for sale investments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutInvestmentAtFairValueThroughProfitOrLossAndAvailableForSaleInvestmentsTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about investment at fair value through profit or loss and available for sale investments [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutInvestmentAtFairValueThroughProfitOrLossAndAvailableForSaleInvestmentsTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about investment at fair value through profit or loss and available for sale investments</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutMaturitiesAndAnnualMarketRatesOfAvailableForSaleInvestmentsTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutMaturitiesAndAnnualMarketRatesOfAvailableForSaleInvestmentsTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutMaturitiesAndAnnualMarketRatesOfAvailableForSaleInvestmentsTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutMaturitiesAndAnnualMarketRatesOfAvailableForSaleInvestmentsTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutMaturitiesAndAnnualMarketRatesOfAvailableForSaleInvestmentsTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about maturities and annual market rates of available for sale investments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutMaturitiesAndAnnualMarketRatesOfAvailableForSaleInvestmentsTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about maturities and annual market rates of available for sale investments [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutMaturitiesAndAnnualMarketRatesOfAvailableForSaleInvestmentsTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about maturities and annual market rates of available for sale investments</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutGovernmentTreasuryBondsTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutGovernmentTreasuryBondsTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutGovernmentTreasuryBondsTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutGovernmentTreasuryBondsTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutGovernmentTreasuryBondsTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about government treasury bonds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutGovernmentTreasuryBondsTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about government treasury bonds [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutGovernmentTreasuryBondsTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about government treasury bonds</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutSecuritizationInstrumentsTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutSecuritizationInstrumentsTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutSecuritizationInstrumentsTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutSecuritizationInstrumentsTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutSecuritizationInstrumentsTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about securitization instruments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutSecuritizationInstrumentsTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about securitization instruments [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutSecuritizationInstrumentsTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about securitization instruments</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutHeldToMaturityInvestmentsTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutHeldToMaturityInvestmentsTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutHeldToMaturityInvestmentsTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutHeldToMaturityInvestmentsTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutHeldToMaturityInvestmentsTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about held to maturity investments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutHeldToMaturityInvestmentsTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about held to maturity investments [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutHeldToMaturityInvestmentsTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about held to maturity investments</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutLoansAndAdvancesTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutLoansAndAdvancesTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutLoansAndAdvancesTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutLoansAndAdvancesTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutLoansAndAdvancesTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about loans and advances.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutLoansAndAdvancesTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about loans and advances [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutLoansAndAdvancesTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about loans and advances</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ScheduleOfCompositionOfGrossCredit" xlink:label="bap_ScheduleOfCompositionOfGrossCredit" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ScheduleOfCompositionOfGrossCredit" xlink:to="bap_ScheduleOfCompositionOfGrossCredit_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ScheduleOfCompositionOfGrossCredit_lbl" xml:lang="en-US">Tabular disclosure of comosition of gross credit balance.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ScheduleOfCompositionOfGrossCredit_lbl" xml:lang="en-US">Schedule of Composition of Gross Credit</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ScheduleOfCompositionOfGrossCredit_lbl" xml:lang="en-US">Schedule of composition of gross credit balance</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutClassificationOfDirectLoansTableTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutClassificationOfDirectLoansTableTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutClassificationOfDirectLoansTableTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutClassificationOfDirectLoansTableTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutClassificationOfDirectLoansTableTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about classification of direct loans.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutClassificationOfDirectLoansTableTextBlock_lbl" xml:lang="en-US">Disclosure Of Detailed Information About Classification Of Direct Loans [Table Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutClassificationOfDirectLoansTableTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about classification of direct loans</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfAllowanceForCreditLossesOnFinancialInstrumentsTableTextBlock" xlink:label="bap_DisclosureOfAllowanceForCreditLossesOnFinancialInstrumentsTableTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfAllowanceForCreditLossesOnFinancialInstrumentsTableTextBlock" xlink:to="bap_DisclosureOfAllowanceForCreditLossesOnFinancialInstrumentsTableTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfAllowanceForCreditLossesOnFinancialInstrumentsTableTextBlock_lbl" xml:lang="en-US">Disclosure of Allowance for Credit Losses on Financial instruments Table</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfAllowanceForCreditLossesOnFinancialInstrumentsTableTextBlock_lbl" xml:lang="en-US">Disclosure of Allowance for Credit Losses on Financial instruments [Table Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfAllowanceForCreditLossesOnFinancialInstrumentsTableTextBlock_lbl" xml:lang="en-US">Schedule of Allowance for Credit Losses on Financial instruments</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutDirectGrossLoanOnMaturityBasisTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutDirectGrossLoanOnMaturityBasisTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutDirectGrossLoanOnMaturityBasisTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutDirectGrossLoanOnMaturityBasisTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutDirectGrossLoanOnMaturityBasisTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about direct gross loan on maturity basis.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutDirectGrossLoanOnMaturityBasisTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about direct gross loan on maturity basis [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutDirectGrossLoanOnMaturityBasisTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about direct gross loan on maturity basis</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutIncomeFromFianancialAssetsDesignatedAtFairValueThroughProfitOrLossTableTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutIncomeFromFianancialAssetsDesignatedAtFairValueThroughProfitOrLossTableTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutIncomeFromFianancialAssetsDesignatedAtFairValueThroughProfitOrLossTableTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutIncomeFromFianancialAssetsDesignatedAtFairValueThroughProfitOrLossTableTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutIncomeFromFianancialAssetsDesignatedAtFairValueThroughProfitOrLossTableTextBlock_lbl" xml:lang="en-US">Disclosure Of Detailed Information About Income From Fianancial Assets Designated At Fair Value Through Profit Or Loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutIncomeFromFianancialAssetsDesignatedAtFairValueThroughProfitOrLossTableTextBlock_lbl" xml:lang="en-US">Disclosure Of Detailed Information About Income From Fianancial Assets Designated At Fair Value Through Profit Or Loss [Table Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutIncomeFromFianancialAssetsDesignatedAtFairValueThroughProfitOrLossTableTextBlock_lbl" xml:lang="en-US">Schedule Of Detailed Information About Income From Fianancial Assets Designated At Fair Value Through Profit Or Loss</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfAmountsArisingFromInsuranceContractsExplanatory" xlink:label="ifrs-full_DisclosureOfAmountsArisingFromInsuranceContractsExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfAmountsArisingFromInsuranceContractsExplanatory" xlink:to="ifrs-full_DisclosureOfAmountsArisingFromInsuranceContractsExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfAmountsArisingFromInsuranceContractsExplanatory_lbl" xml:lang="en-US">Disclosure of amounts arising from insurance contracts [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DisclosureOfAmountsArisingFromInsuranceContractsExplanatory_lbl" xml:lang="en-US">Schedule of amounts arising from insurance contracts</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" />
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory_lbl" xml:lang="en-US">Schedule of property, Furniture and Equipment</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory_lbl" xml:lang="en-US">Disclosure of detailed information about intangible assets [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory_lbl" xml:lang="en-US">Schedule of detailed information about intangible assets</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutClientRelationshipsIntangibleAssetsTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutClientRelationshipsIntangibleAssetsTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutClientRelationshipsIntangibleAssetsTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutClientRelationshipsIntangibleAssetsTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutClientRelationshipsIntangibleAssetsTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about client relationships intangible assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutClientRelationshipsIntangibleAssetsTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about client relationships intangible assets [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutClientRelationshipsIntangibleAssetsTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about client relationships intangible assets</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutBrandIntangibleAssetsTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutBrandIntangibleAssetsTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutBrandIntangibleAssetsTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutBrandIntangibleAssetsTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutBrandIntangibleAssetsTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about brand intangible assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutBrandIntangibleAssetsTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about brand intangible assets [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutBrandIntangibleAssetsTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about brand intangible assets</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutFundManagerContractIntangibleAssetsTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutFundManagerContractIntangibleAssetsTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutFundManagerContractIntangibleAssetsTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutFundManagerContractIntangibleAssetsTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutFundManagerContractIntangibleAssetsTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about fund manager contract intangible assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutFundManagerContractIntangibleAssetsTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about fund manager contract intangible assets [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutFundManagerContractIntangibleAssetsTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about fund manager contract intangible assets</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillExplanatory" xlink:label="ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillExplanatory" xlink:to="ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillExplanatory_lbl" xml:lang="en-US">Disclosure of reconciliation of changes in goodwill [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillExplanatory_lbl" xml:lang="en-US">Schedule of reconciliation of changes in goodwill</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitExplanatory" xlink:label="ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitExplanatory" xlink:to="ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitExplanatory_lbl" xml:lang="en-US">Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitExplanatory_lbl" xml:lang="en-US">Summary of key assumptions used for calculation of fair value less selling costs</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory" xlink:label="ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory" xlink:to="ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory_lbl" xml:lang="en-US">Disclosure of quantitative information about right-of-use assets [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory_lbl" xml:lang="en-US">Summary of lease agreements</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutOtherAssetsAndLiabilitiesExplanatoryTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutOtherAssetsAndLiabilitiesExplanatoryTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutOtherAssetsAndLiabilitiesExplanatoryTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutOtherAssetsAndLiabilitiesExplanatoryTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutOtherAssetsAndLiabilitiesExplanatoryTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about other assets and other liabilities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutOtherAssetsAndLiabilitiesExplanatoryTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about other assets and liabilities explanatory [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutOtherAssetsAndLiabilitiesExplanatoryTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about other assets and liabilities explanatory</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutDerivativesUnderlyingAssetAndIsBasisUponWhichChangesInValueOfDerivativesTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutDerivativesUnderlyingAssetAndIsBasisUponWhichChangesInValueOfDerivativesTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutDerivativesUnderlyingAssetAndIsBasisUponWhichChangesInValueOfDerivativesTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutDerivativesUnderlyingAssetAndIsBasisUponWhichChangesInValueOfDerivativesTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutDerivativesUnderlyingAssetAndIsBasisUponWhichChangesInValueOfDerivativesTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about derivative's underlying asset and is the basis upon which changes in the value of derivatives.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutDerivativesUnderlyingAssetAndIsBasisUponWhichChangesInValueOfDerivativesTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about derivative's underlying asset and is the basis upon which changes in the value of derivatives [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutDerivativesUnderlyingAssetAndIsBasisUponWhichChangesInValueOfDerivativesTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about derivative's underlying asset and is the basis upon which changes in the value of derivatives</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutMaturityAnalysisForDerivativeFinancialinstrumentsTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutMaturityAnalysisForDerivativeFinancialinstrumentsTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutMaturityAnalysisForDerivativeFinancialinstrumentsTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutMaturityAnalysisForDerivativeFinancialinstrumentsTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutMaturityAnalysisForDerivativeFinancialinstrumentsTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about maturity analysis for derivative financialinstruments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutMaturityAnalysisForDerivativeFinancialinstrumentsTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about maturity analysis for derivative financial instruments [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutMaturityAnalysisForDerivativeFinancialinstrumentsTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about maturity analysis for derivative financial instruments</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsExplanatory" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsExplanatory" xlink:to="ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsExplanatory_lbl" xml:lang="en-US">Disclosure of detailed information about hedging instruments [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsExplanatory_lbl" xml:lang="en-US">Schedule of detailed information about hedging instruments</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfDetailedInformationAboutInvestmentPropertyExplanatory" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutInvestmentPropertyExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDetailedInformationAboutInvestmentPropertyExplanatory" xlink:to="ifrs-full_DisclosureOfDetailedInformationAboutInvestmentPropertyExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutInvestmentPropertyExplanatory_lbl" xml:lang="en-US">Disclosure of detailed information about investment property [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutInvestmentPropertyExplanatory_lbl" xml:lang="en-US">Schedule of detailed information about investment property</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfOtherProvisionsExplanatory" xlink:label="ifrs-full_DisclosureOfOtherProvisionsExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOtherProvisionsExplanatory" xlink:to="ifrs-full_DisclosureOfOtherProvisionsExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfOtherProvisionsExplanatory_lbl" xml:lang="en-US">Disclosure of other provisions [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DisclosureOfOtherProvisionsExplanatory_lbl" xml:lang="en-US">Schedule of other provisions</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationOfDepositsAndObligationsTextBlock" xlink:label="bap_DisclosureOfDetailedInformationOfDepositsAndObligationsTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationOfDepositsAndObligationsTextBlock" xlink:to="bap_DisclosureOfDetailedInformationOfDepositsAndObligationsTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationOfDepositsAndObligationsTextBlock_lbl" xml:lang="en-US">The detailed information of balances of deposits and obligations of the entity.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationOfDepositsAndObligationsTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information of deposits and obligations [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationOfDepositsAndObligationsTextBlock_lbl" xml:lang="en-US">Schedule of detailed information of deposits and obligations</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationOfNoninterestBearingAndInterestbearingDepositsAndObligationsTextBlock" xlink:label="bap_DisclosureOfDetailedInformationOfNoninterestBearingAndInterestbearingDepositsAndObligationsTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationOfNoninterestBearingAndInterestbearingDepositsAndObligationsTextBlock" xlink:to="bap_DisclosureOfDetailedInformationOfNoninterestBearingAndInterestbearingDepositsAndObligationsTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationOfNoninterestBearingAndInterestbearingDepositsAndObligationsTextBlock_lbl" xml:lang="en-US">The detailed information of non-interest bearing and interest-bearing deposits and obligations of the entity.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationOfNoninterestBearingAndInterestbearingDepositsAndObligationsTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information of non-interest bearing and interest-bearing deposits and obligations [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationOfNoninterestBearingAndInterestbearingDepositsAndObligationsTextBlock_lbl" xml:lang="en-US">Schedule of detailed information of non-interest bearing and interest-bearing deposits and obligations</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationOfBalancesOfTimeDepositsByMaturityTextBlock" xlink:label="bap_DisclosureOfDetailedInformationOfBalancesOfTimeDepositsByMaturityTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationOfBalancesOfTimeDepositsByMaturityTextBlock" xlink:to="bap_DisclosureOfDetailedInformationOfBalancesOfTimeDepositsByMaturityTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationOfBalancesOfTimeDepositsByMaturityTextBlock_lbl" xml:lang="en-US">The detailed information of time deposits by maturity.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationOfBalancesOfTimeDepositsByMaturityTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information of balances of time deposits by maturity [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationOfBalancesOfTimeDepositsByMaturityTextBlock_lbl" xml:lang="en-US">Schedule of detailed information of balances of time deposits by maturity</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationOfDepositsFromBanksTextBlock" xlink:label="bap_DisclosureOfDetailedInformationOfDepositsFromBanksTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationOfDepositsFromBanksTextBlock" xlink:to="bap_DisclosureOfDetailedInformationOfDepositsFromBanksTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationOfDepositsFromBanksTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information of deposit balances from bank.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationOfDepositsFromBanksTextBlock_lbl" xml:lang="en-US">Disclosure Of Detailed Information Of Deposits From Banks [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationOfDepositsFromBanksTextBlock_lbl" xml:lang="en-US">Schedule of detailed information of deposits from banks</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationOfBalancesOfDueToBanksAndCorrespondentsByMaturityTextBlock" xlink:label="bap_DisclosureOfDetailedInformationOfBalancesOfDueToBanksAndCorrespondentsByMaturityTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationOfBalancesOfDueToBanksAndCorrespondentsByMaturityTextBlock" xlink:to="bap_DisclosureOfDetailedInformationOfBalancesOfDueToBanksAndCorrespondentsByMaturityTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationOfBalancesOfDueToBanksAndCorrespondentsByMaturityTextBlock_lbl" xml:lang="en-US">The detailed information of balances of due to banks and correspondence by maturity.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationOfBalancesOfDueToBanksAndCorrespondentsByMaturityTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information of balances of due to banks and correspondents by maturity [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationOfBalancesOfDueToBanksAndCorrespondentsByMaturityTextBlock_lbl" xml:lang="en-US">Schedule of detailed information of balances of due to banks and correspondents by maturity</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutInsuranceClaimReservesTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutInsuranceClaimReservesTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutInsuranceClaimReservesTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutInsuranceClaimReservesTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutInsuranceClaimReservesTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about insurance claim reserves.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutInsuranceClaimReservesTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about insurance claim reserves [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutInsuranceClaimReservesTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about insurance claim reserves</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutMovementInDirectAndAssumedInsuranceClaimReservesTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutMovementInDirectAndAssumedInsuranceClaimReservesTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutMovementInDirectAndAssumedInsuranceClaimReservesTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutMovementInDirectAndAssumedInsuranceClaimReservesTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutMovementInDirectAndAssumedInsuranceClaimReservesTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about movement in direct and assumed insurance claim reserves.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutMovementInDirectAndAssumedInsuranceClaimReservesTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about movement in direct and assumed insurance claim reserves [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutMovementInDirectAndAssumedInsuranceClaimReservesTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about movement in direct and assumed insurance claim reserves</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutMovementInTechnicalInsuranceClaimReservesTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutMovementInTechnicalInsuranceClaimReservesTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutMovementInTechnicalInsuranceClaimReservesTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutMovementInTechnicalInsuranceClaimReservesTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutMovementInTechnicalInsuranceClaimReservesTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about movement in technical insurance claim reserves.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutMovementInTechnicalInsuranceClaimReservesTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about movement in technical insurance claim reserves [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutMovementInTechnicalInsuranceClaimReservesTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about movement in technical insurance claim reserves</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutAssumptionsUsedInEstimationOfInsuranceReservesTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutAssumptionsUsedInEstimationOfInsuranceReservesTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutAssumptionsUsedInEstimationOfInsuranceReservesTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutAssumptionsUsedInEstimationOfInsuranceReservesTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutAssumptionsUsedInEstimationOfInsuranceReservesTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about assumptions used in estimation of insurance reserves.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutAssumptionsUsedInEstimationOfInsuranceReservesTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about assumptions used in estimation of insurance reserves [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutAssumptionsUsedInEstimationOfInsuranceReservesTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about assumptions used in estimation of insurance reserves</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutVariationsInClaimReservesByChangesInInterestRatesAndMortalitysTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutVariationsInClaimReservesByChangesInInterestRatesAndMortalitysTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutVariationsInClaimReservesByChangesInInterestRatesAndMortalitysTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutVariationsInClaimReservesByChangesInInterestRatesAndMortalitysTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutVariationsInClaimReservesByChangesInInterestRatesAndMortalitysTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about variations in the claim reserves by changes in interest rates and mortality tables.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutVariationsInClaimReservesByChangesInInterestRatesAndMortalitysTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about variations in the claim reserves by changes in interest rates and mortality tables [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutVariationsInClaimReservesByChangesInInterestRatesAndMortalitysTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about variations in the claim reserves by changes in interest rates and mortality tables</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationOfBondsAndNotesIssuedTextBlock" xlink:label="bap_DisclosureOfDetailedInformationOfBondsAndNotesIssuedTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationOfBondsAndNotesIssuedTextBlock" xlink:to="bap_DisclosureOfDetailedInformationOfBondsAndNotesIssuedTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationOfBondsAndNotesIssuedTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information of bonds and notes issued.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationOfBondsAndNotesIssuedTextBlock_lbl" xml:lang="en-US">Disclosure Of detailed information Of bonds and notes issued [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisclosureOfDetailedInformationOfBondsAndNotesIssuedTextBlock_lbl" xml:lang="en-US">Schedule of detailed information of bonds and notes issued</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationOfBalancesOfBondsAndNotesIssuedByTheirMaturityTextBlock" xlink:label="bap_DisclosureOfDetailedInformationOfBalancesOfBondsAndNotesIssuedByTheirMaturityTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationOfBalancesOfBondsAndNotesIssuedByTheirMaturityTextBlock" xlink:to="bap_DisclosureOfDetailedInformationOfBalancesOfBondsAndNotesIssuedByTheirMaturityTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationOfBalancesOfBondsAndNotesIssuedByTheirMaturityTextBlock_lbl" xml:lang="en-US">The detailed information of balances of bonds and notes issued by maturity.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationOfBalancesOfBondsAndNotesIssuedByTheirMaturityTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information of balances of bonds and notes issued by their maturity [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisclosureOfDetailedInformationOfBalancesOfBondsAndNotesIssuedByTheirMaturityTextBlock_lbl" xml:lang="en-US">Schedule of detailed information of balances of bonds and notes issued by maturity</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfTreasurySharesExplanatory" xlink:label="ifrs-full_DisclosureOfTreasurySharesExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfTreasurySharesExplanatory" xlink:to="ifrs-full_DisclosureOfTreasurySharesExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfTreasurySharesExplanatory_lbl" xml:lang="en-US">Disclosure of treasury shares [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfTreasurySharesExplanatory_lbl" xml:lang="en-US">Schedule of treasury shares</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory" xlink:label="ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory" xlink:to="ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory_lbl" xml:lang="en-US">Disclosure of reserves within equity [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory_lbl" xml:lang="en-US">Schedule of reserves within equity</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemExplanatory" xlink:label="ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemExplanatory" xlink:to="ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemExplanatory_lbl" xml:lang="en-US">Disclosure of analysis of other comprehensive income by item [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemExplanatory_lbl" xml:lang="en-US">Schedule of analysis of other comprehensive income</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfDividendsExplanatory" xlink:label="ifrs-full_DisclosureOfDividendsExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDividendsExplanatory" xlink:to="ifrs-full_DisclosureOfDividendsExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDividendsExplanatory_lbl" xml:lang="en-US">Disclosure of dividends [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfDividendsExplanatory_lbl" xml:lang="en-US">Schedule of distribution of dividends</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfTaxRatesAndAdditionalSurchargeRatesTableTextBlock" xlink:label="bap_DisclosureOfTaxRatesAndAdditionalSurchargeRatesTableTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfTaxRatesAndAdditionalSurchargeRatesTableTextBlock" xlink:to="bap_DisclosureOfTaxRatesAndAdditionalSurchargeRatesTableTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfTaxRatesAndAdditionalSurchargeRatesTableTextBlock_lbl" xml:lang="en-US">Tabular disclosure of tax rates and additional surcharge rates.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfTaxRatesAndAdditionalSurchargeRatesTableTextBlock_lbl" xml:lang="en-US">Disclosure of Tax Rates and Additional Surcharge Rates [Table Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisclosureOfTaxRatesAndAdditionalSurchargeRatesTableTextBlock_lbl" xml:lang="en-US">Schedule of tax rates</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutReconciliationBetweenStatutoryIncomeTaxRateAndEffectiveTaxRateTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutReconciliationBetweenStatutoryIncomeTaxRateAndEffectiveTaxRateTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutReconciliationBetweenStatutoryIncomeTaxRateAndEffectiveTaxRateTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutReconciliationBetweenStatutoryIncomeTaxRateAndEffectiveTaxRateTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutReconciliationBetweenStatutoryIncomeTaxRateAndEffectiveTaxRateTextBlock_lbl" xml:lang="en-US">The disclosure ofdetailed information about reconciliation between the statutory income tax rate and the effective tax rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutReconciliationBetweenStatutoryIncomeTaxRateAndEffectiveTaxRateTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about reconciliation between the statutory income tax rate and the effective tax rate [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutReconciliationBetweenStatutoryIncomeTaxRateAndEffectiveTaxRateTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about reconciliation between the statutory income tax rate and the effective tax rate</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutIncomeTaxExpensesTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutIncomeTaxExpensesTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutIncomeTaxExpensesTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutIncomeTaxExpensesTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutIncomeTaxExpensesTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about income tax expenses.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutIncomeTaxExpensesTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about income tax expenses [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutIncomeTaxExpensesTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about income tax expenses</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfDeferredTaxesExplanatory" xlink:label="ifrs-full_DisclosureOfDeferredTaxesExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDeferredTaxesExplanatory" xlink:to="ifrs-full_DisclosureOfDeferredTaxesExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDeferredTaxesExplanatory_lbl" xml:lang="en-US">Disclosure of deferred taxes [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DisclosureOfDeferredTaxesExplanatory_lbl" xml:lang="en-US">Schedule of deferred taxes</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureIncomeTaxReturnsMajorSubsidiariesOpenForExaminationTaxAuthoritiesTextBlock" xlink:label="bap_DisclosureIncomeTaxReturnsMajorSubsidiariesOpenForExaminationTaxAuthoritiesTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureIncomeTaxReturnsMajorSubsidiariesOpenForExaminationTaxAuthoritiesTextBlock" xlink:to="bap_DisclosureIncomeTaxReturnsMajorSubsidiariesOpenForExaminationTaxAuthoritiesTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureIncomeTaxReturnsMajorSubsidiariesOpenForExaminationTaxAuthoritiesTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about income tax returns major subsidiaries open for examination tax authorities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureIncomeTaxReturnsMajorSubsidiariesOpenForExaminationTaxAuthoritiesTextBlock_lbl" xml:lang="en-US">Disclosure Income Tax Returns Major Subsidiaries Open For Examination Tax Authorities [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisclosureIncomeTaxReturnsMajorSubsidiariesOpenForExaminationTaxAuthoritiesTextBlock_lbl" xml:lang="en-US">Schedule of summary of income tax returns of major subsidiaries open for examination by tax authorities</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureIncomeTaxReturnsSubsidiariesRespectiveTaxAuthoritiesTextBlock" xlink:label="bap_DisclosureIncomeTaxReturnsSubsidiariesRespectiveTaxAuthoritiesTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureIncomeTaxReturnsSubsidiariesRespectiveTaxAuthoritiesTextBlock" xlink:to="bap_DisclosureIncomeTaxReturnsSubsidiariesRespectiveTaxAuthoritiesTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureIncomeTaxReturnsSubsidiariesRespectiveTaxAuthoritiesTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about income tax returns subsidiaries respective tax authorities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureIncomeTaxReturnsSubsidiariesRespectiveTaxAuthoritiesTextBlock_lbl" xml:lang="en-US">Disclosure Income Tax Returns Subsidiaries Respective Tax Authorities [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisclosureIncomeTaxReturnsSubsidiariesRespectiveTaxAuthoritiesTextBlock_lbl" xml:lang="en-US">Schedule of summary of annual income tax declarations pending examination by the overseas tax authorities</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutOffBalanceSheetAccountsTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutOffBalanceSheetAccountsTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutOffBalanceSheetAccountsTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutOffBalanceSheetAccountsTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutOffBalanceSheetAccountsTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about off balance sheet accounts.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutOffBalanceSheetAccountsTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about off balance sheet accounts [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutOffBalanceSheetAccountsTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about off balance sheet accounts</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationOfInterestIncomeExpensesTextBlock" xlink:label="bap_DisclosureOfDetailedInformationOfInterestIncomeExpensesTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationOfInterestIncomeExpensesTextBlock" xlink:to="bap_DisclosureOfDetailedInformationOfInterestIncomeExpensesTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationOfInterestIncomeExpensesTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about interest and similar income and interest and similar expense.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationOfInterestIncomeExpensesTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information of interest income expenses [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisclosureOfDetailedInformationOfInterestIncomeExpensesTextBlock_lbl" xml:lang="en-US">Schedule of detailed information of interest income expenses</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationOfCommissionsAndFeesIncomeTextBlock" xlink:label="bap_DisclosureOfDetailedInformationOfCommissionsAndFeesIncomeTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationOfCommissionsAndFeesIncomeTextBlock" xlink:to="bap_DisclosureOfDetailedInformationOfCommissionsAndFeesIncomeTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationOfCommissionsAndFeesIncomeTextBlock_lbl" xml:lang="en-US">The detailed information of commissions and fees income.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationOfCommissionsAndFeesIncomeTextBlock_lbl" xml:lang="en-US">Schedule of detailed information of commissions and fees income</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfFinancialAssetsHeldForTradingTableTextBlock_lbl" xml:lang="en-US">Disclosure Of Financial Assets Held For Trading Explanatory</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisclosureOfFinancialAssetsHeldForTradingTableTextBlock_lbl" xml:lang="en-US">Schedule of components of net gain on securities</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfInsurancePremiumRevenueExplanatory" xlink:label="ifrs-full_DisclosureOfInsurancePremiumRevenueExplanatory" />
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfInsurancePremiumRevenueExplanatory_lbl" xml:lang="en-US">Disclosure of insurance premium revenue [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DisclosureOfInsurancePremiumRevenueExplanatory_lbl" xml:lang="en-US">Schedule of insurance premium revenue</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfNetGrossAndReinsurersShareForAmountsArisingFromInsuranceContractsExplanatory" xlink:label="ifrs-full_DisclosureOfNetGrossAndReinsurersShareForAmountsArisingFromInsuranceContractsExplanatory" />
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfNetGrossAndReinsurersShareForAmountsArisingFromInsuranceContractsExplanatory_lbl" xml:lang="en-US">Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfNetGrossAndReinsurersShareForAmountsArisingFromInsuranceContractsExplanatory_lbl" xml:lang="en-US">Schedule of summary of components of premiums ceded to reinsurers and coinsurers, net</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfClaimsAndBenefitsIncurredTextBlock" xlink:label="bap_DisclosureOfClaimsAndBenefitsIncurredTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfClaimsAndBenefitsIncurredTextBlock" xlink:to="bap_DisclosureOfClaimsAndBenefitsIncurredTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfClaimsAndBenefitsIncurredTextBlock_lbl" xml:lang="en-US">Disclosure of claims and benefits incurred [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfClaimsAndBenefitsIncurredTextBlock_lbl" xml:lang="en-US">Disclosure of claims and benefits incurred [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfClaimsAndBenefitsIncurredTextBlock_lbl" xml:lang="en-US">Schedule of claims and benefits incurred</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutSalariesAndEmployeesBenefitsTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutSalariesAndEmployeesBenefitsTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutSalariesAndEmployeesBenefitsTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutSalariesAndEmployeesBenefitsTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutSalariesAndEmployeesBenefitsTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about salaries and employees benefits [text block].</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutSalariesAndEmployeesBenefitsTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about salaries and employees benefits [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutSalariesAndEmployeesBenefitsTextBlock_lbl" xml:lang="en-US">Schedule of components of salraries and employees benefits</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutGeneralAndAdministrativeExpenseTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutGeneralAndAdministrativeExpenseTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutGeneralAndAdministrativeExpenseTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutGeneralAndAdministrativeExpenseTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutGeneralAndAdministrativeExpenseTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about general and administrative expense.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutGeneralAndAdministrativeExpenseTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about general and administrative expense [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutGeneralAndAdministrativeExpenseTextBlock_lbl" xml:lang="en-US">Schedule of components of administrative expenses</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutOtherOperatingIncomeExpenseTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutOtherOperatingIncomeExpenseTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutOtherOperatingIncomeExpenseTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutOtherOperatingIncomeExpenseTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutOtherOperatingIncomeExpenseTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about other operating income or expense.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutOtherOperatingIncomeExpenseTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about other operating income expense [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutOtherOperatingIncomeExpenseTextBlock_lbl" xml:lang="en-US">Schedule of components of other income and expenses</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutBasicAndDilutedEarningsPerShareTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutBasicAndDilutedEarningsPerShareTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutBasicAndDilutedEarningsPerShareTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutBasicAndDilutedEarningsPerShareTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutBasicAndDilutedEarningsPerShareTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about basic and diluted earnings per share.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutBasicAndDilutedEarningsPerShareTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about basic and diluted earnings per share [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutBasicAndDilutedEarningsPerShareTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about basic and diluted earnings per share</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfOperatingIncomeAndNonCurrentAssetsFromSegmentTextBlock" xlink:label="bap_DisclosureOfOperatingIncomeAndNonCurrentAssetsFromSegmentTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfOperatingIncomeAndNonCurrentAssetsFromSegmentTextBlock" xlink:to="bap_DisclosureOfOperatingIncomeAndNonCurrentAssetsFromSegmentTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfOperatingIncomeAndNonCurrentAssetsFromSegmentTextBlock_lbl" xml:lang="en-US">The tabular disclosure of disclosure of operating income and non current assets from segment.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfOperatingIncomeAndNonCurrentAssetsFromSegmentTextBlock_lbl" xml:lang="en-US">Disclosure Of Operating Income And Non Current Assets From Segment Text Block</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfOperatingIncomeAndNonCurrentAssetsFromSegmentTextBlock_lbl" xml:lang="en-US">Schedule of breakdown of the group's total income, operating income and non-current assets form segemnt</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" xlink:label="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" xlink:to="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory_lbl" xml:lang="en-US">Disclosure of transactions between related parties [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory_lbl" xml:lang="en-US">Schedule of summary of main transactions with related parties</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatoryTextBlock" xlink:label="bap_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatoryTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatoryTextBlock" xlink:to="bap_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatoryTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatoryTextBlock_lbl" xml:lang="en-US">n/a</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatoryTextBlock_lbl" xml:lang="en-US">Disclosure Of Amounts Incurred By Entity For Provision Of Key Management Personnel Services Provided By Separate Management Entities Explanatory [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatoryTextBlock_lbl" xml:lang="en-US">Schedule of summary of group's key executives compensation</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfFinancialAssetsExplanatory" xlink:label="ifrs-full_DisclosureOfFinancialAssetsExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFinancialAssetsExplanatory" xlink:to="ifrs-full_DisclosureOfFinancialAssetsExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFinancialAssetsExplanatory_lbl" xml:lang="en-US">Disclosure of financial assets [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfFinancialAssetsExplanatory_lbl" xml:lang="en-US">Schedule of funds in which group holds interests</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory" xlink:to="ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory_lbl" xml:lang="en-US">Disclosure of detailed information about financial instruments [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory_lbl" xml:lang="en-US">Schedule of summary of carring amounts of financial assets and liabilities by categories defined under IFRS 9 and IAS 39</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfFinancialRisksManagementTable" xlink:label="bap_DisclosureOfFinancialRisksManagementTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfFinancialRisksManagementTable" xlink:to="bap_DisclosureOfFinancialRisksManagementTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfFinancialRisksManagementTable_lbl" xml:lang="en-US">Disclosure of financial risks management [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfFinancialRisksManagementTable_lbl" xml:lang="en-US">Disclosure of financial risk management [table]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TypesOfRisksAxis" xlink:label="ifrs-full_TypesOfRisksAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfRisksAxis" xlink:to="ifrs-full_TypesOfRisksAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfRisksAxis_lbl" xml:lang="en-US">Types of risks [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TypesOfRisksMember" xlink:label="ifrs-full_TypesOfRisksMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfRisksMember" xlink:to="ifrs-full_TypesOfRisksMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfRisksMember_lbl" xml:lang="en-US">Types Of Risks [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TypesOfRisksMember_lbl" xml:lang="en-US">Risks [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CreditRiskGeographicalAreawiseMember" xlink:label="bap_CreditRiskGeographicalAreawiseMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CreditRiskGeographicalAreawiseMember" xlink:to="bap_CreditRiskGeographicalAreawiseMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CreditRiskGeographicalAreawiseMember_lbl" xml:lang="en-US">Credit Risk Geographical Areawise [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CreditRiskGeographicalAreawiseMember_lbl" xml:lang="en-US">Credit Risk Geographical Areawise [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MarketPriceChangeRiskMember" xlink:label="bap_MarketPriceChangeRiskMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MarketPriceChangeRiskMember" xlink:to="bap_MarketPriceChangeRiskMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MarketPriceChangeRiskMember_lbl" xml:lang="en-US">Market Price Change Risk [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MarketPriceChangeRiskMember_lbl" xml:lang="en-US">Market price change risk [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestRateRiskMember" xlink:label="ifrs-full_InterestRateRiskMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestRateRiskMember" xlink:to="ifrs-full_InterestRateRiskMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestRateRiskMember_lbl" xml:lang="en-US">Interest Rate Risk [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InterestRateRiskMember_lbl" xml:lang="en-US">Interest rate risk</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfFinancialRisksManagementLineItems" xlink:label="bap_DisclosureOfFinancialRisksManagementLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfFinancialRisksManagementLineItems" xlink:to="bap_DisclosureOfFinancialRisksManagementLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfFinancialRisksManagementLineItems_lbl" xml:lang="en-US">Disclosure of financial risks management [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfFinancialRisksManagementLineItems_lbl" xml:lang="en-US">Disclosure of financial risk management [line Items]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedExplanatory" xlink:label="ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedExplanatory" xlink:to="ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedExplanatory_lbl" xml:lang="en-US">Disclosure of financial assets that are either past due or impaired [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedExplanatory_lbl" xml:lang="en-US">Schedule of financial assets that are either past due or impaired</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutImpairedLoansfairValueOfCollateralAndAllowanceOfLoanLossesTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutImpairedLoansfairValueOfCollateralAndAllowanceOfLoanLossesTextBlock" />
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutImpairedLoansfairValueOfCollateralAndAllowanceOfLoanLossesTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about impaired loans,fair value of collateral and allowance of loan losses[text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutImpairedLoansfairValueOfCollateralAndAllowanceOfLoanLossesTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about impaired loans,fair value of collateral and allowance of loan losses [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutImpairedLoansfairValueOfCollateralAndAllowanceOfLoanLossesTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about impaired loans,fair value of collateral and allowance of loan losses</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfLoansAndAdvancesToBanksExplanatory" xlink:label="ifrs-full_DisclosureOfLoansAndAdvancesToBanksExplanatory" />
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfLoansAndAdvancesToBanksExplanatory_lbl" xml:lang="en-US">Disclosure of loans and advances to banks [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfLoansAndAdvancesToBanksExplanatory_lbl" xml:lang="en-US">Schedule of classification of loans by banking and maturity</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureAndDetailedInformationAboutCarryingAmountOfAllowanceForDirectAndIndirectLoanLossesAndItsEstimationsTableTextBlock" xlink:label="bap_DisclosureAndDetailedInformationAboutCarryingAmountOfAllowanceForDirectAndIndirectLoanLossesAndItsEstimationsTableTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureAndDetailedInformationAboutCarryingAmountOfAllowanceForDirectAndIndirectLoanLossesAndItsEstimationsTableTextBlock" xlink:to="bap_DisclosureAndDetailedInformationAboutCarryingAmountOfAllowanceForDirectAndIndirectLoanLossesAndItsEstimationsTableTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureAndDetailedInformationAboutCarryingAmountOfAllowanceForDirectAndIndirectLoanLossesAndItsEstimationsTableTextBlock_lbl" xml:lang="en-US">Tabular disclosure of carrying amount of allowance for direct and indirect loan losses and its estimation.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureAndDetailedInformationAboutCarryingAmountOfAllowanceForDirectAndIndirectLoanLossesAndItsEstimationsTableTextBlock_lbl" xml:lang="en-US">Disclosure And Detailed Information About Carrying Amount Of Allowance For Direct And Indirect Loan Losses And Its Estimations [Table Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisclosureAndDetailedInformationAboutCarryingAmountOfAllowanceForDirectAndIndirectLoanLossesAndItsEstimationsTableTextBlock_lbl" xml:lang="en-US">Schedule of carring amount of allowances for direct and indirect loans losses and its estimation</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfExternalCreditExposuresExplanatory" xlink:label="ifrs-full_DisclosureOfExternalCreditExposuresExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfExternalCreditExposuresExplanatory" xlink:to="ifrs-full_DisclosureOfExternalCreditExposuresExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfExternalCreditExposuresExplanatory_lbl" xml:lang="en-US">Disclosure of external credit grades [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfExternalCreditExposuresExplanatory_lbl" xml:lang="en-US">Schedule of risk rating analysis of investments</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfCreditRiskExposureExplanatory" xlink:label="ifrs-full_DisclosureOfCreditRiskExposureExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfCreditRiskExposureExplanatory" xlink:to="ifrs-full_DisclosureOfCreditRiskExposureExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfCreditRiskExposureExplanatory_lbl" xml:lang="en-US">Disclosure of credit risk exposure [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DisclosureOfCreditRiskExposureExplanatory_lbl" xml:lang="en-US">Concentration of financial instruments exposed to credit risk</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfOffsettingOfFinancialAssetsExplanatory" xlink:label="ifrs-full_DisclosureOfOffsettingOfFinancialAssetsExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOffsettingOfFinancialAssetsExplanatory" xlink:to="ifrs-full_DisclosureOfOffsettingOfFinancialAssetsExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfOffsettingOfFinancialAssetsExplanatory_lbl" xml:lang="en-US">Disclosure of offsetting of financial assets [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfOffsettingOfFinancialAssetsExplanatory_lbl" xml:lang="en-US">Schedule of summary of financial assets subject to offsetting</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesExplanatory" xlink:label="ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesExplanatory" xlink:to="ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesExplanatory_lbl" xml:lang="en-US">Disclosure of offsetting of financial liabilities [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesExplanatory_lbl" xml:lang="en-US">Schedule of summary of financial liabilities subject to offsetting</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfMarketRiskExplanatory" xlink:label="ifrs-full_DisclosureOfMarketRiskExplanatory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfMarketRiskExplanatory" xlink:to="ifrs-full_DisclosureOfMarketRiskExplanatory_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfMarketRiskExplanatory_lbl" xml:lang="en-US">Disclosure of market risk [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfMarketRiskExplanatory_lbl" xml:lang="en-US">Schedule of VAR by risk type</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about potential net reduction in income due to market price sensitivity.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about assets and liabilities by currencies [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about assets and liabilities by currencies</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about cash flows associated with the remaining contractual maturities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about cash flows associated with the remaining contractual maturities [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesTextBlock_lbl" xml:lang="en-US">Schedule of detailed information about cash flows associated with the remaining contractual maturities</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ImpairedLoansPastDueLoansClassifiedAsNetOfAllowanceForLoanLossesTextBlock" xlink:label="bap_ImpairedLoansPastDueLoansClassifiedAsNetOfAllowanceForLoanLossesTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ImpairedLoansPastDueLoansClassifiedAsNetOfAllowanceForLoanLossesTextBlock" xlink:to="bap_ImpairedLoansPastDueLoansClassifiedAsNetOfAllowanceForLoanLossesTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ImpairedLoansPastDueLoansClassifiedAsNetOfAllowanceForLoanLossesTextBlock_lbl" xml:lang="en-US">The disclosure of impaired loans, past due loans classified as net of the allowance for loan losses.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ImpairedLoansPastDueLoansClassifiedAsNetOfAllowanceForLoanLossesTextBlock_lbl" xml:lang="en-US">Impaired loans, past due loans classified as net of the allowance for loan losses [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ImpairedLoansPastDueLoansClassifiedAsNetOfAllowanceForLoanLossesTextBlock_lbl" xml:lang="en-US">Schedule of summary of the direct credits classified into three important groups and their respective allowance for each of the types of loans</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FairValueHierarchyCategorizedFinancialInstrumentsTextBlock" xlink:label="bap_FairValueHierarchyCategorizedFinancialInstrumentsTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FairValueHierarchyCategorizedFinancialInstrumentsTextBlock" xlink:to="bap_FairValueHierarchyCategorizedFinancialInstrumentsTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FairValueHierarchyCategorizedFinancialInstrumentsTextBlock_lbl" xml:lang="en-US">Disclosure of financial position of fair value hierarchy categorized.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FairValueHierarchyCategorizedFinancialInstrumentsTextBlock_lbl" xml:lang="en-US">Fair value hierarchy categorized financial instruments [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FairValueHierarchyCategorizedFinancialInstrumentsTextBlock_lbl" xml:lang="en-US">Schedule of summary of analysis of financial instruments measured at fair value by level in fair value hierarchy</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FinancialAssetsAdministrationOffBalanceSheetTextBlock" xlink:label="bap_FinancialAssetsAdministrationOffBalanceSheetTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FinancialAssetsAdministrationOffBalanceSheetTextBlock" xlink:to="bap_FinancialAssetsAdministrationOffBalanceSheetTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FinancialAssetsAdministrationOffBalanceSheetTextBlock_lbl" xml:lang="en-US">Disclosure of financial assets administration off the balance sheet.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FinancialAssetsAdministrationOffBalanceSheetTextBlock_lbl" xml:lang="en-US">Financial assets administration off the balance sheet [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FinancialAssetsAdministrationOffBalanceSheetTextBlock_lbl" xml:lang="en-US">Schedule of summary of value of the net assets under administration off the balance sheet</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_SummaryQuantitativeDataAboutEntitysExposureToRisk" xlink:label="ifrs-full_SummaryQuantitativeDataAboutEntitysExposureToRisk" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SummaryQuantitativeDataAboutEntitysExposureToRisk" xlink:to="ifrs-full_SummaryQuantitativeDataAboutEntitysExposureToRisk_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SummaryQuantitativeDataAboutEntitysExposureToRisk_lbl" xml:lang="en-US">Summary quantitative data about entity's exposure to risk [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_SummaryQuantitativeDataAboutEntitysExposureToRisk_lbl" xml:lang="en-US">Schedule of summary of results of the sensitivity analysis regarding changes in interest rates</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchangeRatesTextBlock" xlink:label="bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchangeRatesTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchangeRatesTextBlock" xlink:to="bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchangeRatesTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchangeRatesTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about potential net reduction in income due to market price sensitivity.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchangeRatesTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about assets and liabilities by currencies at the free market exchange rates [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchangeRatesTextBlock_lbl" xml:lang="en-US">Schedule of summary of sensitivity analysis of the U.S. Dollar</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ComparisonOfFinancialInstrumentsAreNotMeasuredAtFairValueHierarchyTextBlock" xlink:label="bap_ComparisonOfFinancialInstrumentsAreNotMeasuredAtFairValueHierarchyTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ComparisonOfFinancialInstrumentsAreNotMeasuredAtFairValueHierarchyTextBlock" xlink:to="bap_ComparisonOfFinancialInstrumentsAreNotMeasuredAtFairValueHierarchyTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ComparisonOfFinancialInstrumentsAreNotMeasuredAtFairValueHierarchyTextBlock_lbl" xml:lang="en-US">The disclosure of financial instruments are not measured at fair value hierarchy.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ComparisonOfFinancialInstrumentsAreNotMeasuredAtFairValueHierarchyTextBlock_lbl" xml:lang="en-US">The comparison of financial instruments are not measured at fair value hierarchy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ComparisonOfFinancialInstrumentsAreNotMeasuredAtFairValueHierarchyTextBlock_lbl" xml:lang="en-US">Schedule of comparision between the carrying amounts and fair values of the financial instruments which are not measured at fair value, presented in consoliadted financial statemnets of financial positions by level of fair value hierarchy</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfBusinessCombinationsTable" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfBusinessCombinationsTable" xlink:to="ifrs-full_DisclosureOfBusinessCombinationsTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsTable_lbl" xml:lang="en-US">Disclosure of detailed information about business combination [table]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfBusinessCombinationsLineItems" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfBusinessCombinationsLineItems" xlink:to="ifrs-full_DisclosureOfBusinessCombinationsLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsLineItems_lbl" xml:lang="en-US">Disclosure of detailed information about business combination [line items]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PercentageOfVotingEquityInterestsAcquired" xlink:label="ifrs-full_PercentageOfVotingEquityInterestsAcquired" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PercentageOfVotingEquityInterestsAcquired" xlink:to="ifrs-full_PercentageOfVotingEquityInterestsAcquired_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PercentageOfVotingEquityInterestsAcquired_lbl" xml:lang="en-US">Percentage of voting equity interests acquired</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PercentageOfVotingEquityInterestsAcquired_lbl" xml:lang="en-US">Percentage of share capital acquired</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashTransferred" xlink:label="ifrs-full_CashTransferred" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashTransferred" xlink:to="ifrs-full_CashTransferred_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashTransferred_lbl" xml:lang="en-US">Cash transferred</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CashTransferred_lbl" xml:lang="en-US">Consideration paid</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AmountsRecognisedAsOfAcquisitionDateForEachMajorClassOfAssetsAcquiredAndLiabilitiesAssumedAbstract" xlink:label="ifrs-full_AmountsRecognisedAsOfAcquisitionDateForEachMajorClassOfAssetsAcquiredAndLiabilitiesAssumedAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AmountsRecognisedAsOfAcquisitionDateForEachMajorClassOfAssetsAcquiredAndLiabilitiesAssumedAbstract" xlink:to="ifrs-full_AmountsRecognisedAsOfAcquisitionDateForEachMajorClassOfAssetsAcquiredAndLiabilitiesAssumedAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AmountsRecognisedAsOfAcquisitionDateForEachMajorClassOfAssetsAcquiredAndLiabilitiesAssumedAbstract_lbl" xml:lang="en-US">Amounts recognised as of acquisition date for each major class of assets acquired and liabilities assumed [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AmountsRecognisedAsOfAcquisitionDateForEachMajorClassOfAssetsAcquiredAndLiabilitiesAssumedAbstract_lbl" xml:lang="en-US">Book value and fair value of the identified assets and liabilities of the entities purchased</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AmountRecognisedAsOfAcquisitionDateForEachMajorClassOfAssetsAcquiredAbstract" xlink:label="bap_AmountRecognisedAsOfAcquisitionDateForEachMajorClassOfAssetsAcquiredAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AmountRecognisedAsOfAcquisitionDateForEachMajorClassOfAssetsAcquiredAbstract" xlink:to="bap_AmountRecognisedAsOfAcquisitionDateForEachMajorClassOfAssetsAcquiredAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AmountRecognisedAsOfAcquisitionDateForEachMajorClassOfAssetsAcquiredAbstract_lbl" xml:lang="en-US">No defintion available.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AmountRecognisedAsOfAcquisitionDateForEachMajorClassOfAssetsAcquiredAbstract_lbl" xml:lang="en-US">Amount Recognised As Of Acquisition Date For Each Major Class Of Assets Acquired [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AmountRecognisedAsOfAcquisitionDateForEachMajorClassOfAssetsAcquiredAbstract_lbl" xml:lang="en-US">Assets</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" xlink:label="ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" xlink:to="ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Cash and cash equivalents recognised as of acquisition date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Cash</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InvestmentsRecognisedAsOfAcquisitionDate" xlink:label="bap_InvestmentsRecognisedAsOfAcquisitionDate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InvestmentsRecognisedAsOfAcquisitionDate" xlink:to="bap_InvestmentsRecognisedAsOfAcquisitionDate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_InvestmentsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">The amount recognised as of the acquisition date for investments acquired in a business combination.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InvestmentsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Investments Recognised As Of Acquisition Date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InvestmentsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Investments</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_LoansRecognisedAsOfAcquisitionDate" xlink:label="bap_LoansRecognisedAsOfAcquisitionDate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_LoansRecognisedAsOfAcquisitionDate" xlink:to="bap_LoansRecognisedAsOfAcquisitionDate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_LoansRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">The amount recognised as of the acquisition date for loans acquired in a business combination.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_LoansRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Loans Recognised As Of Acquisition Date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_LoansRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Loans, net</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_RightOfUseAssetsRecognisedAsOfAcquisitionDate" xlink:label="bap_RightOfUseAssetsRecognisedAsOfAcquisitionDate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_RightOfUseAssetsRecognisedAsOfAcquisitionDate" xlink:to="bap_RightOfUseAssetsRecognisedAsOfAcquisitionDate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_RightOfUseAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">The amount recognised as of the acquisition date for right of use assets acquired in a business combination.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_RightOfUseAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Right of use Assets Recognised As Of Acquisition Date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_RightOfUseAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Right-of-use assets, net</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" xlink:label="ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" xlink:to="ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Property, plant and equipment recognised as of acquisition date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Property, furniture and equipment, net, Note 10(a)</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_IntangibleAssetsRecognisedAsOfAcquisitionDateAbstract" xlink:label="bap_IntangibleAssetsRecognisedAsOfAcquisitionDateAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_IntangibleAssetsRecognisedAsOfAcquisitionDateAbstract" xlink:to="bap_IntangibleAssetsRecognisedAsOfAcquisitionDateAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_IntangibleAssetsRecognisedAsOfAcquisitionDateAbstract_lbl" xml:lang="en-US">No defintion available.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_IntangibleAssetsRecognisedAsOfAcquisitionDateAbstract_lbl" xml:lang="en-US">Intangible Assets Recognised As Of Acquisition Date [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_IntangibleAssetsRecognisedAsOfAcquisitionDateAbstract_lbl" xml:lang="en-US">Intangible, Note 11</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SoftwareAndLicensesRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:label="bap_SoftwareAndLicensesRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SoftwareAndLicensesRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:to="bap_SoftwareAndLicensesRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SoftwareAndLicensesRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">The amount recognised as of the acquisition date for software and licenses related intangible assets acquired in a business combination.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SoftwareAndLicensesRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Software And Licenses Related Intangible Assets Recognised As Of Acquisition Date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SoftwareAndLicensesRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Software and licenses</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BrandCulqiRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:label="bap_BrandCulqiRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BrandCulqiRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:to="bap_BrandCulqiRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BrandCulqiRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">The amount recognised as of the acquisition date for Brand Culqi related intangible assets acquired in a business combination.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BrandCulqiRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Brand Culqi Related Intangible Assets Recognised As Of Acquisition Date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BrandCulqiRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Brand "Culqi"</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BrandRecargaRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:label="bap_BrandRecargaRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BrandRecargaRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:to="bap_BrandRecargaRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BrandRecargaRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">The amount recognised as of the acquisition date for Brand Recarga related intangible assets acquired in a business combination.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BrandRecargaRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Brand Recarga Related Intangible Assets Recognised As Of Acquisition Date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BrandRecargaRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Brand "Recarga"</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CustomerrelatedIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:label="ifrs-full_CustomerrelatedIntangibleAssetsRecognisedAsOfAcquisitionDate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CustomerrelatedIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:to="ifrs-full_CustomerrelatedIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CustomerrelatedIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Customer-related intangible assets recognised as of acquisition date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CustomerrelatedIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Client relationships</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PaypalContractRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:label="bap_PaypalContractRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PaypalContractRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:to="bap_PaypalContractRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PaypalContractRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">The amount recognised as of the acquisition date for PayPal contract related intangible assets acquired in a business combination.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PaypalContractRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">PayPal Contract Related Intangible Assets Recognised As Of Acquisition Date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PaypalContractRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">PayPal Contract</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FundManagerContractRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:label="bap_FundManagerContractRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FundManagerContractRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:to="bap_FundManagerContractRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FundManagerContractRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">The amount recognised as of the acquisition date for fund manager contract related intangible assets acquired in a business combination.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FundManagerContractRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Fund Manager Contract Related Intangible Assets Recognised As Of Acquisition Date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FundManagerContractRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Fund manager contract</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AntiCompetitionContractRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:label="bap_AntiCompetitionContractRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AntiCompetitionContractRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:to="bap_AntiCompetitionContractRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AntiCompetitionContractRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">The amount recognised as of the acquisition date for anti-competition contract related intangible assets acquired in a business combination.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AntiCompetitionContractRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Anti Competition Contract Related Intangible Assets Recognised As Of Acquisition Date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AntiCompetitionContractRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Anti-competition contract</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DeferredTaxAssetsRecognisedAsOfAcquisitionDate" xlink:label="ifrs-full_DeferredTaxAssetsRecognisedAsOfAcquisitionDate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxAssetsRecognisedAsOfAcquisitionDate" xlink:to="ifrs-full_DeferredTaxAssetsRecognisedAsOfAcquisitionDate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DeferredTaxAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Deferred tax assets recognised as of acquisition date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DeferredTaxAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Deferred tax assets</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherAssetsRecognisedAsOfAcquisitionDate" xlink:label="bap_OtherAssetsRecognisedAsOfAcquisitionDate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherAssetsRecognisedAsOfAcquisitionDate" xlink:to="bap_OtherAssetsRecognisedAsOfAcquisitionDate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_OtherAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">The amount recognised as of the acquisition date for other assets acquired in a business combination.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Other Assets Recognised As Of Acquisition Date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_OtherAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Other assets</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AmountRecognisedAsOfAcquisitionDateForEachMajorClassOfLiabilitiesAssumedAbstract" xlink:label="bap_AmountRecognisedAsOfAcquisitionDateForEachMajorClassOfLiabilitiesAssumedAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AmountRecognisedAsOfAcquisitionDateForEachMajorClassOfLiabilitiesAssumedAbstract" xlink:to="bap_AmountRecognisedAsOfAcquisitionDateForEachMajorClassOfLiabilitiesAssumedAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AmountRecognisedAsOfAcquisitionDateForEachMajorClassOfLiabilitiesAssumedAbstract_lbl" xml:lang="en-US">No defintion available.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AmountRecognisedAsOfAcquisitionDateForEachMajorClassOfLiabilitiesAssumedAbstract_lbl" xml:lang="en-US">Amount Recognised As Of Acquisition Date For Each Major Class Of Liabilities Assumed [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AmountRecognisedAsOfAcquisitionDateForEachMajorClassOfLiabilitiesAssumedAbstract_lbl" xml:lang="en-US">Liabilities</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DepositsAndObligationsRecognisedAsOfAcquisitionDate" xlink:label="bap_DepositsAndObligationsRecognisedAsOfAcquisitionDate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DepositsAndObligationsRecognisedAsOfAcquisitionDate" xlink:to="bap_DepositsAndObligationsRecognisedAsOfAcquisitionDate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DepositsAndObligationsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">The amount recognised as of the acquisition date for deposits and obligations assumed in a business combination.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DepositsAndObligationsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Deposits and Obligations Recognised As Of Acquisition Date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DepositsAndObligationsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Deposits and obligations</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DueToBanksAndCorrespondentsRecognisedAsOfAcquisitionDate" xlink:label="bap_DueToBanksAndCorrespondentsRecognisedAsOfAcquisitionDate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DueToBanksAndCorrespondentsRecognisedAsOfAcquisitionDate" xlink:to="bap_DueToBanksAndCorrespondentsRecognisedAsOfAcquisitionDate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DueToBanksAndCorrespondentsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">The amount recognised as of the acquisition date for due to banks and correspondents assumed in a business combination.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DueToBanksAndCorrespondentsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Due to Banks And Correspondents Recognised As Of Acquisition Date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DueToBanksAndCorrespondentsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Due to banks and correspondents</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_LeaseLiabilitiesRecognisedAsOfAcquisitionDate" xlink:label="bap_LeaseLiabilitiesRecognisedAsOfAcquisitionDate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_LeaseLiabilitiesRecognisedAsOfAcquisitionDate" xlink:to="bap_LeaseLiabilitiesRecognisedAsOfAcquisitionDate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_LeaseLiabilitiesRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">The amount recognised as of the acquisition date for lease liabilities assumed in a business combination.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_LeaseLiabilitiesRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Lease Liabilities Recognised As Of Acquisition Date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_LeaseLiabilitiesRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Lease liabilities</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate" xlink:label="ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate" xlink:to="ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Deferred tax liabilities recognised as of acquisition date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Deferred tax liabilities</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherLiabilitiesRecognisedAsOfAcquisitionDate" xlink:label="bap_OtherLiabilitiesRecognisedAsOfAcquisitionDate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherLiabilitiesRecognisedAsOfAcquisitionDate" xlink:to="bap_OtherLiabilitiesRecognisedAsOfAcquisitionDate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_OtherLiabilitiesRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">The amount recognised as of the acquisition date for other liabilities assumed in a business combination.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherLiabilitiesRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Other Liabilities Recognised As Of Acquisition Date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_OtherLiabilitiesRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Other liabilities</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:label="ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:to="ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed_lbl" xml:lang="en-US">Identifiable assets acquired (liabilities assumed)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed_lbl" xml:lang="en-US">Total net assets identified at fair value</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate" xlink:label="ifrs-full_NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate" xlink:to="ifrs-full_NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate_lbl" xml:lang="en-US">Non-controlling interest in acquiree recognised at acquisition date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate_lbl" xml:lang="en-US">Non-controlling interest</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GoodwillRecognisedAsOfAcquisitionDate" xlink:label="ifrs-full_GoodwillRecognisedAsOfAcquisitionDate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GoodwillRecognisedAsOfAcquisitionDate" xlink:to="ifrs-full_GoodwillRecognisedAsOfAcquisitionDate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GoodwillRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Goodwill recognised as of acquisition date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GoodwillRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Goodwill arising on acquisition</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_GoodwillRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Goodwill as a result of business combination</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:label="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:to="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred_lbl" xml:lang="en-US">Consideration transferred, acquisition-date fair value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred_lbl" xml:lang="en-US">Total purchase consideration</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AcquisitionrelatedCostsRecognisedAsExpenseForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination" xlink:label="ifrs-full_AcquisitionrelatedCostsRecognisedAsExpenseForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AcquisitionrelatedCostsRecognisedAsExpenseForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination" xlink:to="ifrs-full_AcquisitionrelatedCostsRecognisedAsExpenseForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AcquisitionrelatedCostsRecognisedAsExpenseForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination_lbl" xml:lang="en-US">Acquisition-related costs recognised as expense for transaction recognised separately from acquisition of assets and assumption of liabilities in business combination</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AcquisitionrelatedCostsRecognisedAsExpenseForTransactionRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombination_lbl" xml:lang="en-US">Acquisition costs</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RevenueOfAcquiree" xlink:label="ifrs-full_RevenueOfAcquiree" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RevenueOfAcquiree" xlink:to="ifrs-full_RevenueOfAcquiree_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RevenueOfAcquiree_lbl" xml:lang="en-US">Revenue of acquiree since acquisition date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RevenueOfAcquiree_lbl" xml:lang="en-US">Interest and similar income</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RevenueOfCombinedEntity" xlink:label="ifrs-full_RevenueOfCombinedEntity" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RevenueOfCombinedEntity" xlink:to="ifrs-full_RevenueOfCombinedEntity_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RevenueOfCombinedEntity_lbl" xml:lang="en-US">Revenue of combined entity as if combination occurred at beginning of period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RevenueOfCombinedEntity_lbl" xml:lang="en-US">Interest and similar income if the combination had taken place at the beginning of the year</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_IncreaseInRevenueOfCombinedEntityAsIfCombinationOccurredAtBeginningOfPeriod" xlink:label="bap_IncreaseInRevenueOfCombinedEntityAsIfCombinationOccurredAtBeginningOfPeriod" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_IncreaseInRevenueOfCombinedEntityAsIfCombinationOccurredAtBeginningOfPeriod" xlink:to="bap_IncreaseInRevenueOfCombinedEntityAsIfCombinationOccurredAtBeginningOfPeriod_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_IncreaseInRevenueOfCombinedEntityAsIfCombinationOccurredAtBeginningOfPeriod_lbl" xml:lang="en-US">The increase in revenue of the combined entity as though the acquisition date for all business combinations that occurred during the year had been as of the beginning of the annual reporting period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_IncreaseInRevenueOfCombinedEntityAsIfCombinationOccurredAtBeginningOfPeriod_lbl" xml:lang="en-US">Increase In Revenue Of Combined Entity As If Combination Occurred At Beginning Of Period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_IncreaseInRevenueOfCombinedEntityAsIfCombinationOccurredAtBeginningOfPeriod_lbl" xml:lang="en-US">Increase in interest and similar income if the combination had taken place at the beginning of the year</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RangeAxis" xlink:label="ifrs-full_RangeAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RangeAxis" xlink:to="ifrs-full_RangeAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RangeAxis_lbl" xml:lang="en-US">Range [Axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RangesMember" xlink:label="ifrs-full_RangesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RangesMember" xlink:to="ifrs-full_RangesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RangesMember_lbl" xml:lang="en-US">Ranges [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RangesMember_lbl" xml:lang="en-US">Ranges [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TopOfRangeMember" xlink:label="ifrs-full_TopOfRangeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TopOfRangeMember" xlink:to="ifrs-full_TopOfRangeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TopOfRangeMember_lbl" xml:lang="en-US">Top Of Range [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TopOfRangeMember_lbl" xml:lang="en-US">Maximum</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:label="ifrs-full_ProportionOfOwnershipInterestInSubsidiary" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:to="ifrs-full_ProportionOfOwnershipInterestInSubsidiary_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProportionOfOwnershipInterestInSubsidiary_lbl" xml:lang="en-US">Proportion of ownership interest in subsidiary</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProportionOfOwnershipInterestInSubsidiary_lbl" xml:lang="en-US">Ownership interest held</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProportionOfOwnershipInterestInSubsidiary_lbl" xml:lang="en-US">Percentage of interest (direct and indirect)</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PercentageOfGrossDomesticProduct" xlink:label="bap_PercentageOfGrossDomesticProduct" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PercentageOfGrossDomesticProduct" xlink:to="bap_PercentageOfGrossDomesticProduct_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PercentageOfGrossDomesticProduct_lbl" xml:lang="en-US">The Percentage of gross domestic product.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PercentageOfGrossDomesticProduct_lbl" xml:lang="en-US">Percentage of Gross Domestic Product</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PercentageOfGrossDomesticProduct_lbl" xml:lang="en-US">Percentage of GDP</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_NumberOfFiscalStimulusPackages" xlink:label="bap_NumberOfFiscalStimulusPackages" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_NumberOfFiscalStimulusPackages" xlink:to="bap_NumberOfFiscalStimulusPackages_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_NumberOfFiscalStimulusPackages_lbl" xml:lang="en-US">Represents the number of fiscal stimulus packages.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_NumberOfFiscalStimulusPackages_lbl" xml:lang="en-US">Number Of Fiscal Stimulus Packages</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_NumberOfFiscalStimulusPackages_lbl" xml:lang="en-US">Number of fiscal stimulus packages</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_NumberOfWithdrawalsOfIndividualPensionFundAccounts" xlink:label="bap_NumberOfWithdrawalsOfIndividualPensionFundAccounts" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_NumberOfWithdrawalsOfIndividualPensionFundAccounts" xlink:to="bap_NumberOfWithdrawalsOfIndividualPensionFundAccounts_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_NumberOfWithdrawalsOfIndividualPensionFundAccounts_lbl" xml:lang="en-US">Represents the number of withdrawals of individual pension fund accounts.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_NumberOfWithdrawalsOfIndividualPensionFundAccounts_lbl" xml:lang="en-US">Number Of Withdrawals Of Individual Pension Fund Accounts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_NumberOfWithdrawalsOfIndividualPensionFundAccounts_lbl" xml:lang="en-US">Number of withdrawals of individual pension fund accounts</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PercentageOfWithdrawalOfIndividualPensionFundAccounts" xlink:label="bap_PercentageOfWithdrawalOfIndividualPensionFundAccounts" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PercentageOfWithdrawalOfIndividualPensionFundAccounts" xlink:to="bap_PercentageOfWithdrawalOfIndividualPensionFundAccounts_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PercentageOfWithdrawalOfIndividualPensionFundAccounts_lbl" xml:lang="en-US">Represents the percentage of withdrawal of individual pension fund accounts.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PercentageOfWithdrawalOfIndividualPensionFundAccounts_lbl" xml:lang="en-US">Percentage Of Withdrawal Of Individual Pension Fund Accounts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PercentageOfWithdrawalOfIndividualPensionFundAccounts_lbl" xml:lang="en-US">Percentage of withdrawal of individual pension fund accounts</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ApplicableTaxRate" xlink:label="ifrs-full_ApplicableTaxRate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ApplicableTaxRate" xlink:to="ifrs-full_ApplicableTaxRate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ApplicableTaxRate_lbl" xml:lang="en-US">Applicable Tax Rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ApplicableTaxRate_lbl" xml:lang="en-US">Rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ApplicableTaxRate_lbl" xml:lang="en-US">Theoretical tax and income tax rate in Peru (in percent)</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ChangeInPercentageOfRoe" xlink:label="bap_ChangeInPercentageOfRoe" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ChangeInPercentageOfRoe" xlink:to="bap_ChangeInPercentageOfRoe_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ChangeInPercentageOfRoe_lbl" xml:lang="en-US">The percentage of additional rate of equity change during the period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ChangeInPercentageOfRoe_lbl" xml:lang="en-US">Change in percentage of ROE</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ChangeInPercentageOfRoe_lbl" xml:lang="en-US">Change in percentage of ROE</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PercentageOfNetProfitsCapitalized" xlink:label="bap_PercentageOfNetProfitsCapitalized" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PercentageOfNetProfitsCapitalized" xlink:to="bap_PercentageOfNetProfitsCapitalized_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PercentageOfNetProfitsCapitalized_lbl" xml:lang="en-US">The percentage of net profits capitalized.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PercentageOfNetProfitsCapitalized_lbl" xml:lang="en-US">Percentage of Net Profits Capitalized</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PercentageOfNetProfitsCapitalized_lbl" xml:lang="en-US">Percentage of net profits Capitalized</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PercentageOfEconomySank" xlink:label="bap_PercentageOfEconomySank" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PercentageOfEconomySank" xlink:to="bap_PercentageOfEconomySank_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PercentageOfEconomySank_lbl" xml:lang="en-US">The percentage of economy sank.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PercentageOfEconomySank_lbl" xml:lang="en-US">Percentage of Economy Sank</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PercentageOfEconomySank_lbl" xml:lang="en-US">Percentage of economy sank</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PointsPerCapitaOfGdpLaunchedInCreditProgram" xlink:label="bap_PointsPerCapitaOfGdpLaunchedInCreditProgram" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PointsPerCapitaOfGdpLaunchedInCreditProgram" xlink:to="bap_PointsPerCapitaOfGdpLaunchedInCreditProgram_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PointsPerCapitaOfGdpLaunchedInCreditProgram_lbl" xml:lang="en-US">The points per capita of GDP launched in an credit program.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PointsPerCapitaOfGdpLaunchedInCreditProgram_lbl" xml:lang="en-US">Points Per Capita of GDP Launched In an Credit Program</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PointsPerCapitaOfGdpLaunchedInCreditProgram_lbl" xml:lang="en-US">Points per capita of GDP launched In an credit program</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_NumberOfGovernmentBackedPrograms" xlink:label="bap_NumberOfGovernmentBackedPrograms" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_NumberOfGovernmentBackedPrograms" xlink:to="bap_NumberOfGovernmentBackedPrograms_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_NumberOfGovernmentBackedPrograms_lbl" xml:lang="en-US">Represents the number Of Government-Backed Programs.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_NumberOfGovernmentBackedPrograms_lbl" xml:lang="en-US">Number Of Government-Backed Programs</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_NumberOfGovernmentBackedPrograms_lbl" xml:lang="en-US">Number of government-backed programs</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InitialResourcesOfProgram" xlink:label="bap_InitialResourcesOfProgram" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InitialResourcesOfProgram" xlink:to="bap_InitialResourcesOfProgram_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_InitialResourcesOfProgram_lbl" xml:lang="en-US">Represents the initial resources of program.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InitialResourcesOfProgram_lbl" xml:lang="en-US">Initial Resources Of Program</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InitialResourcesOfProgram_lbl" xml:lang="en-US">Initial resources of program</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AdditionalResourcesOfProgram" xlink:label="bap_AdditionalResourcesOfProgram" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AdditionalResourcesOfProgram" xlink:to="bap_AdditionalResourcesOfProgram_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AdditionalResourcesOfProgram_lbl" xml:lang="en-US">Represents the additional resources of program.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AdditionalResourcesOfProgram_lbl" xml:lang="en-US">Additional Resources Of Program</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AdditionalResourcesOfProgram_lbl" xml:lang="en-US">Additional resources of program</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TotalResourcesOfProgram" xlink:label="bap_TotalResourcesOfProgram" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TotalResourcesOfProgram" xlink:to="bap_TotalResourcesOfProgram_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TotalResourcesOfProgram_lbl" xml:lang="en-US">Represents the total resources of program.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TotalResourcesOfProgram_lbl" xml:lang="en-US">Total Resources Of Program</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TotalResourcesOfProgram_lbl" xml:lang="en-US">Total resources of program</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ThresholdPeriodForMaximumAmountToBeGrantedDependingOnAverageSalesVolume" xlink:label="bap_ThresholdPeriodForMaximumAmountToBeGrantedDependingOnAverageSalesVolume" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ThresholdPeriodForMaximumAmountToBeGrantedDependingOnAverageSalesVolume" xlink:to="bap_ThresholdPeriodForMaximumAmountToBeGrantedDependingOnAverageSalesVolume_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ThresholdPeriodForMaximumAmountToBeGrantedDependingOnAverageSalesVolume_lbl" xml:lang="en-US">Represents the threshold period for maximum amount of guaranteed credits to be granted depending on average monthly sales volume.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ThresholdPeriodForMaximumAmountToBeGrantedDependingOnAverageSalesVolume_lbl" xml:lang="en-US">Threshold Period For Maximum Amount to be Granted Depending on Average Sales Volume</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ThresholdPeriodForMaximumAmountToBeGrantedDependingOnAverageSalesVolume_lbl" xml:lang="en-US">Threshold period for maximum amount of guaranteed credits to be granted depending on average monthly sales volume</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ThresholdPeriodForMaximumAmountToBeGrantedDependingOnAverageDebt" xlink:label="bap_ThresholdPeriodForMaximumAmountToBeGrantedDependingOnAverageDebt" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ThresholdPeriodForMaximumAmountToBeGrantedDependingOnAverageDebt" xlink:to="bap_ThresholdPeriodForMaximumAmountToBeGrantedDependingOnAverageDebt_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ThresholdPeriodForMaximumAmountToBeGrantedDependingOnAverageDebt_lbl" xml:lang="en-US">Represents the threshold period for maximum amount of guaranteed credits to be granted depending on average debt.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ThresholdPeriodForMaximumAmountToBeGrantedDependingOnAverageDebt_lbl" xml:lang="en-US">Threshold Period For Maximum Amount to be Granted Depending on Average Debt</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ThresholdPeriodForMaximumAmountToBeGrantedDependingOnAverageDebt_lbl" xml:lang="en-US">Threshold period for maximum amount of guaranteed credits to be granted depending on average debt</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MaximumAmountOfGuaranteedCreditsToBeGrantedDependingOnAverageDebt" xlink:label="bap_MaximumAmountOfGuaranteedCreditsToBeGrantedDependingOnAverageDebt" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MaximumAmountOfGuaranteedCreditsToBeGrantedDependingOnAverageDebt" xlink:to="bap_MaximumAmountOfGuaranteedCreditsToBeGrantedDependingOnAverageDebt_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_MaximumAmountOfGuaranteedCreditsToBeGrantedDependingOnAverageDebt_lbl" xml:lang="en-US">Represents the maximum amount of guaranteed credits to be granted depending on average debt.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MaximumAmountOfGuaranteedCreditsToBeGrantedDependingOnAverageDebt_lbl" xml:lang="en-US">Maximum Amount Of Guaranteed Credits To Be Granted Depending On Average Debt</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MaximumAmountOfGuaranteedCreditsToBeGrantedDependingOnAverageDebt_lbl" xml:lang="en-US">Maximum amount of guaranteed credits to be granted depending on average debt</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_GuaranteeCoverageAsPercentForLoansDisbursed" xlink:label="bap_GuaranteeCoverageAsPercentForLoansDisbursed" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_GuaranteeCoverageAsPercentForLoansDisbursed" xlink:to="bap_GuaranteeCoverageAsPercentForLoansDisbursed_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_GuaranteeCoverageAsPercentForLoansDisbursed_lbl" xml:lang="en-US">Represents the guarantee coverage as a percent for loans disbursed.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_GuaranteeCoverageAsPercentForLoansDisbursed_lbl" xml:lang="en-US">Guarantee Coverage As A Percent For Loans Disbursed</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_GuaranteeCoverageAsPercentForLoansDisbursed_lbl" xml:lang="en-US">Guarantee coverage as a percent for loans disbursed</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_LoansDisbursed" xlink:label="bap_LoansDisbursed" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_LoansDisbursed" xlink:to="bap_LoansDisbursed_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_LoansDisbursed_lbl" xml:lang="en-US">Represents the amount of loans disbursed.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_LoansDisbursed_lbl" xml:lang="en-US">Loans Disbursed</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_LoansDisbursed_lbl" xml:lang="en-US">Loans disbursed</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TermOfProgram" xlink:label="bap_TermOfProgram" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TermOfProgram" xlink:to="bap_TermOfProgram_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TermOfProgram_lbl" xml:lang="en-US">Represents the term of program.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TermOfProgram_lbl" xml:lang="en-US">Term Of Program</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TermOfProgram_lbl" xml:lang="en-US">Term of program</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MaximumGracePeriodAboveTermOfProgram" xlink:label="bap_MaximumGracePeriodAboveTermOfProgram" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MaximumGracePeriodAboveTermOfProgram" xlink:to="bap_MaximumGracePeriodAboveTermOfProgram_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_MaximumGracePeriodAboveTermOfProgram_lbl" xml:lang="en-US">Represents the maximum grace period above the term of program.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MaximumGracePeriodAboveTermOfProgram_lbl" xml:lang="en-US">Maximum Grace Period Above The Term Of Program</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MaximumGracePeriodAboveTermOfProgram_lbl" xml:lang="en-US">Maximum grace period above the term of program</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_EffectiveAnnualRate" xlink:label="bap_EffectiveAnnualRate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_EffectiveAnnualRate" xlink:to="bap_EffectiveAnnualRate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_EffectiveAnnualRate_lbl" xml:lang="en-US">Represents the effective annual rate.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_EffectiveAnnualRate_lbl" xml:lang="en-US">Effective Annual Rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_EffectiveAnnualRate_lbl" xml:lang="en-US">Effective annual rate</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_LiquidatedRepurchaseAgreementOperations" xlink:label="bap_LiquidatedRepurchaseAgreementOperations" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_LiquidatedRepurchaseAgreementOperations" xlink:to="bap_LiquidatedRepurchaseAgreementOperations_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_LiquidatedRepurchaseAgreementOperations_lbl" xml:lang="en-US">Represents the liquidated repurchase agreement operations.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_LiquidatedRepurchaseAgreementOperations_lbl" xml:lang="en-US">Liquidated Repurchase Agreement Operations</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_LiquidatedRepurchaseAgreementOperations_lbl" xml:lang="en-US">Liquidated repurchase agreement operations</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ForeignInvestments" xlink:label="bap_ForeignInvestments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ForeignInvestments" xlink:to="bap_ForeignInvestments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ForeignInvestments_lbl" xml:lang="en-US">Amount issued Internationally at historically low rates to finance the significant fiscal deficit incurred.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ForeignInvestments_lbl" xml:lang="en-US">Foreign Investments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ForeignInvestments_lbl" xml:lang="en-US">Amount issued Internationally</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfSignificantAccountingPoliciesTable" xlink:label="bap_DisclosureOfSignificantAccountingPoliciesTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfSignificantAccountingPoliciesTable" xlink:to="bap_DisclosureOfSignificantAccountingPoliciesTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfSignificantAccountingPoliciesTable_lbl" xml:lang="en-US">Disclosure Of Significant Accounting Policies [Table]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:label="ifrs-full_SignificantInvestmentsInSubsidiariesAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:to="ifrs-full_SignificantInvestmentsInSubsidiariesAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SignificantInvestmentsInSubsidiariesAxis_lbl" xml:lang="en-US">Subsidiaries [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EntitysTotalForSubsidiariesMember" xlink:label="ifrs-full_EntitysTotalForSubsidiariesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForSubsidiariesMember" xlink:to="ifrs-full_EntitysTotalForSubsidiariesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EntitysTotalForSubsidiariesMember_lbl" xml:lang="en-US">Entitys Total For Subsidiaries [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EntitysTotalForSubsidiariesMember_lbl" xml:lang="en-US">Entity's total for subsidiaries [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_GrupoCrditoS.a.AndSubsidiariesMember" xlink:label="bap_GrupoCrditoS.a.AndSubsidiariesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_GrupoCrditoS.a.AndSubsidiariesMember" xlink:to="bap_GrupoCrditoS.a.AndSubsidiariesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_GrupoCrditoS.a.AndSubsidiariesMember_lbl" xml:lang="en-US">This member stands for Grupo Crdito S.A. and Subsidiaries.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_GrupoCrditoS.a.AndSubsidiariesMember_lbl" xml:lang="en-US">Grupo Crdito S.a. And Subsidiaries [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_GrupoCrditoS.a.AndSubsidiariesMember_lbl" xml:lang="en-US">Grupo Crdito S.A. and Subsidiaries</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PacficoCompaaDeSegurosYReasegurosS.a.andSubsidiariesMember" xlink:label="bap_PacficoCompaaDeSegurosYReasegurosS.a.andSubsidiariesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PacficoCompaaDeSegurosYReasegurosS.a.andSubsidiariesMember" xlink:to="bap_PacficoCompaaDeSegurosYReasegurosS.a.andSubsidiariesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PacficoCompaaDeSegurosYReasegurosS.a.andSubsidiariesMember_lbl" xml:lang="en-US">This member stands for Pacfico Compaa de Seguros y Reaseguros S.A.and Subsidiaries.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PacficoCompaaDeSegurosYReasegurosS.a.andSubsidiariesMember_lbl" xml:lang="en-US">Pacfico Compaa De Seguros Y Reaseguros S.a.and Subsidiaries [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PacficoCompaaDeSegurosYReasegurosS.a.andSubsidiariesMember_lbl" xml:lang="en-US">Pacfico Compaa de Seguros y Reaseguros S.A.and Subsidiaries</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BancoDeCreditoDelPeruAndSubsidiariesMember" xlink:label="bap_BancoDeCreditoDelPeruAndSubsidiariesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BancoDeCreditoDelPeruAndSubsidiariesMember" xlink:to="bap_BancoDeCreditoDelPeruAndSubsidiariesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BancoDeCreditoDelPeruAndSubsidiariesMember_lbl" xml:lang="en-US">Banco De Credito Del Peru And Subsidiaries [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BancoDeCreditoDelPeruAndSubsidiariesMember_lbl" xml:lang="en-US">Banco de Credito del Peru and Subsidiaries [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InversionesCredicorpBoliviaSAndSubsidiariesMember" xlink:label="bap_InversionesCredicorpBoliviaSAndSubsidiariesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InversionesCredicorpBoliviaSAndSubsidiariesMember" xlink:to="bap_InversionesCredicorpBoliviaSAndSubsidiariesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InversionesCredicorpBoliviaSAndSubsidiariesMember_lbl" xml:lang="en-US">Inversiones Credicorp Bolivia S And Subsidiaries [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InversionesCredicorpBoliviaSAndSubsidiariesMember_lbl" xml:lang="en-US">Inversiones Credicorp Bolivia S.A. and Subsidiaries [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AtlanticSecurityHoldingCorporationAndSubsidiariesMember" xlink:label="bap_AtlanticSecurityHoldingCorporationAndSubsidiariesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AtlanticSecurityHoldingCorporationAndSubsidiariesMember" xlink:to="bap_AtlanticSecurityHoldingCorporationAndSubsidiariesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AtlanticSecurityHoldingCorporationAndSubsidiariesMember_lbl" xml:lang="en-US">Atlantic Security Holding Corporation And Subsidiaries [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AtlanticSecurityHoldingCorporationAndSubsidiariesMember_lbl" xml:lang="en-US">Atlantic Security Holding Corporation and Subsidiaries [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CredicorpCapitalLtdAndSubsidiariesMember" xlink:label="bap_CredicorpCapitalLtdAndSubsidiariesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CredicorpCapitalLtdAndSubsidiariesMember" xlink:to="bap_CredicorpCapitalLtdAndSubsidiariesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CredicorpCapitalLtdAndSubsidiariesMember_lbl" xml:lang="en-US">Credicorp Capital Ltd And Subsidiaries [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CredicorpCapitalLtdAndSubsidiariesMember_lbl" xml:lang="en-US">Credicorp Capital Ltd. and Subsidiaries [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CcrIncMember" xlink:label="bap_CcrIncMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CcrIncMember" xlink:to="bap_CcrIncMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CcrIncMember_lbl" xml:lang="en-US">Ccr Inc [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CcrIncMember_lbl" xml:lang="en-US">CCR Inc [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PrimaAfpSaMember" xlink:label="bap_PrimaAfpSaMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PrimaAfpSaMember" xlink:to="bap_PrimaAfpSaMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PrimaAfpSaMember_lbl" xml:lang="en-US">Prima Afp Sa [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PrimaAfpSaMember_lbl" xml:lang="en-US">Prima AFP S.A [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_KrealoSpaAndSubsidiariesMember" xlink:label="bap_KrealoSpaAndSubsidiariesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_KrealoSpaAndSubsidiariesMember" xlink:to="bap_KrealoSpaAndSubsidiariesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_KrealoSpaAndSubsidiariesMember_lbl" xml:lang="en-US">This member stands for Krealo SpA and Subsidiaries.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_KrealoSpaAndSubsidiariesMember_lbl" xml:lang="en-US">Krealo Spa And Subsidiaries [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_KrealoSpaAndSubsidiariesMember_lbl" xml:lang="en-US">Krealo SpA and Subsidiaries</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfSignificantAccountingPoliciesLineItems" xlink:label="bap_DisclosureOfSignificantAccountingPoliciesLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfSignificantAccountingPoliciesLineItems" xlink:to="bap_DisclosureOfSignificantAccountingPoliciesLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfSignificantAccountingPoliciesLineItems_lbl" xml:lang="en-US">Disclosure Of Significant Accounting Policies [Line Items]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ActivityAndCountryOfOncorporation" xlink:label="bap_ActivityAndCountryOfOncorporation" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ActivityAndCountryOfOncorporation" xlink:to="bap_ActivityAndCountryOfOncorporation_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ActivityAndCountryOfOncorporation_lbl" xml:lang="en-US">The type of business activity doing by company and the country in which the entity is incorporated.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ActivityAndCountryOfOncorporation_lbl" xml:lang="en-US">Activity and country of oncorporation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_ActivityAndCountryOfOncorporation_lbl" xml:lang="en-US">Activity and country of incorporation</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:label="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:to="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis_lbl" xml:lang="en-US">Classes of property, plant and equipment [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PropertyPlantAndEquipmentMember" xlink:label="ifrs-full_PropertyPlantAndEquipmentMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipmentMember" xlink:to="ifrs-full_PropertyPlantAndEquipmentMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PropertyPlantAndEquipmentMember_lbl" xml:lang="en-US">Property Plant And Equipment [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PropertyPlantAndEquipmentMember_lbl" xml:lang="en-US">Property, Plant and Equipment [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BuildingsMember" xlink:label="ifrs-full_BuildingsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BuildingsMember" xlink:to="ifrs-full_BuildingsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BuildingsMember_lbl" xml:lang="en-US">Buildings [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BuildingsMember_lbl" xml:lang="en-US">Buildings [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_MachineryMember" xlink:label="ifrs-full_MachineryMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MachineryMember" xlink:to="ifrs-full_MachineryMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MachineryMember_lbl" xml:lang="en-US">Machinery [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_MachineryMember_lbl" xml:lang="en-US">Installations [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FixturesAndFittingsMember" xlink:label="ifrs-full_FixturesAndFittingsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FixturesAndFittingsMember" xlink:to="ifrs-full_FixturesAndFittingsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FixturesAndFittingsMember_lbl" xml:lang="en-US">Fixtures And Fittings [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FixturesAndFittingsMember_lbl" xml:lang="en-US">Furniture and fixtures [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_VehiclesMember" xlink:label="ifrs-full_VehiclesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_VehiclesMember" xlink:to="ifrs-full_VehiclesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_VehiclesMember_lbl" xml:lang="en-US">Vehicles [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_VehiclesMember_lbl" xml:lang="en-US">Vehicles and equipment [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComputerEquipmentMember" xlink:label="ifrs-full_ComputerEquipmentMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComputerEquipmentMember" xlink:to="ifrs-full_ComputerEquipmentMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComputerEquipmentMember_lbl" xml:lang="en-US">Computer Equipment [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComputerEquipmentMember_lbl" xml:lang="en-US">Computer hardware [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:label="ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:to="ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_lbl" xml:lang="en-US">Useful life measured as period of time, property, plant and equipment</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_lbl" xml:lang="en-US">Useful lives or depreciation rates, property, plant and equipment</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfSignificantsAccountingPoliciesTable" xlink:label="bap_DisclosureOfSignificantsAccountingPoliciesTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfSignificantsAccountingPoliciesTable" xlink:to="bap_DisclosureOfSignificantsAccountingPoliciesTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfSignificantsAccountingPoliciesTable_lbl" xml:lang="en-US">Disclosure Of Significants Accounting Policies [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisclosureOfSignificantsAccountingPoliciesTable_lbl" xml:lang="en-US">Disclosure Of Significant Accounting Policies [Table]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:label="ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:to="ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis_lbl" xml:lang="en-US">Classes of intangible assets other than goodwill [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwillMember" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwillMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleAssetsOtherThanGoodwillMember" xlink:to="ifrs-full_IntangibleAssetsOtherThanGoodwillMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwillMember_lbl" xml:lang="en-US">Intangible Assets Other Than Goodwill [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwillMember_lbl" xml:lang="en-US">Intangible assets other than goodwill [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ClientRelationshipOneMember" xlink:label="bap_ClientRelationshipOneMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ClientRelationshipOneMember" xlink:to="bap_ClientRelationshipOneMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ClientRelationshipOneMember_lbl" xml:lang="en-US">Client Relationship One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ClientRelationshipOneMember_lbl" xml:lang="en-US">Client relationship - Prima AFP (AFP Unin Vida)</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ClientRelationshipTwoMember" xlink:label="bap_ClientRelationshipTwoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ClientRelationshipTwoMember" xlink:to="bap_ClientRelationshipTwoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ClientRelationshipTwoMember_lbl" xml:lang="en-US">Client Relationship Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ClientRelationshipTwoMember_lbl" xml:lang="en-US">Client relationship - Credicorp Capital Holding Chile (Inversiones IMT)</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ClientRelationshipFiveMember" xlink:label="bap_ClientRelationshipFiveMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ClientRelationshipFiveMember" xlink:to="bap_ClientRelationshipFiveMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ClientRelationshipFiveMember_lbl" xml:lang="en-US">Client Relationship Five [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ClientRelationshipFiveMember_lbl" xml:lang="en-US">Client relationship - Edyficar Peru</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ClientRelationshipSixMember" xlink:label="bap_ClientRelationshipSixMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ClientRelationshipSixMember" xlink:to="bap_ClientRelationshipSixMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ClientRelationshipSixMember_lbl" xml:lang="en-US">Client Relationship Six [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ClientRelationshipSixMember_lbl" xml:lang="en-US">Client relationship - Mibanco</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ClientRelationshipSevenMember" xlink:label="bap_ClientRelationshipSevenMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ClientRelationshipSevenMember" xlink:to="bap_ClientRelationshipSevenMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ClientRelationshipSevenMember_lbl" xml:lang="en-US">na</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ClientRelationshipSevenMember_lbl" xml:lang="en-US">Client Relationship Seven [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ClientRelationshipSevenMember_lbl" xml:lang="en-US">Client relationship - Ultraserfinco</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BrandOneMember" xlink:label="bap_BrandOneMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BrandOneMember" xlink:to="bap_BrandOneMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BrandOneMember_lbl" xml:lang="en-US">Brand One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BrandOneMember_lbl" xml:lang="en-US">Brand - Mibanco</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BrandTwoMember" xlink:label="bap_BrandTwoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BrandTwoMember" xlink:to="bap_BrandTwoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BrandTwoMember_lbl" xml:lang="en-US">Brand Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BrandTwoMember_lbl" xml:lang="en-US">Brand - Culqi</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FundManagerContractOneMember" xlink:label="bap_FundManagerContractOneMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FundManagerContractOneMember" xlink:to="bap_FundManagerContractOneMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FundManagerContractOneMember_lbl" xml:lang="en-US">Fund Manager Contract One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FundManagerContractOneMember_lbl" xml:lang="en-US">Fund manager contract - Credicorp Capital Colombia</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FundManagerContractTwoMember" xlink:label="bap_FundManagerContractTwoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FundManagerContractTwoMember" xlink:to="bap_FundManagerContractTwoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FundManagerContractTwoMember_lbl" xml:lang="en-US">Fund Manager Contract Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FundManagerContractTwoMember_lbl" xml:lang="en-US">Fund manager contract - Credicorp Capital Holding Chile (Inversiones IMT)</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FundManagerContractThreeMember" xlink:label="bap_FundManagerContractThreeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FundManagerContractThreeMember" xlink:to="bap_FundManagerContractThreeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FundManagerContractThreeMember_lbl" xml:lang="en-US">n/a</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FundManagerContractThreeMember_lbl" xml:lang="en-US">Fund Manager Contract Three [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FundManagerContractThreeMember_lbl" xml:lang="en-US">Fund manager contract - Ultraserfinco</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CoreDepositsMibancoMember" xlink:label="bap_CoreDepositsMibancoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CoreDepositsMibancoMember" xlink:to="bap_CoreDepositsMibancoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CoreDepositsMibancoMember_lbl" xml:lang="en-US">Core Deposits Mibanco [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CoreDepositsMibancoMember_lbl" xml:lang="en-US">Core deposits - Mibanco</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherIntangibleAssetsMember" xlink:label="ifrs-full_OtherIntangibleAssetsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherIntangibleAssetsMember" xlink:to="ifrs-full_OtherIntangibleAssetsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherIntangibleAssetsMember_lbl" xml:lang="en-US">Other Intangible Assets [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherIntangibleAssetsMember_lbl" xml:lang="en-US">Other Intangible Assets [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfSignificantsAccountingPoliciesLineItems" xlink:label="bap_DisclosureOfSignificantsAccountingPoliciesLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfSignificantsAccountingPoliciesLineItems" xlink:to="bap_DisclosureOfSignificantsAccountingPoliciesLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfSignificantsAccountingPoliciesLineItems_lbl" xml:lang="en-US">Disclosure Of Significants Accounting Policies [Line Items]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Useful life measured as period of time, intangible assets other than goodwill</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MibancoMember" xlink:label="bap_MibancoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MibancoMember" xlink:to="bap_MibancoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MibancoMember_lbl" xml:lang="en-US">Mibanco [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MibancoMember_lbl" xml:lang="en-US">Mibanco</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BancoDeCreditoDeBoliviaMember" xlink:label="bap_BancoDeCreditoDeBoliviaMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BancoDeCreditoDeBoliviaMember" xlink:to="bap_BancoDeCreditoDeBoliviaMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BancoDeCreditoDeBoliviaMember_lbl" xml:lang="en-US">Banco De Credito De Bolivia [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BancoDeCreditoDeBoliviaMember_lbl" xml:lang="en-US">Banco De Credito De Bolivia [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ClassesOfAssetsAxis" xlink:label="ifrs-full_ClassesOfAssetsAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfAssetsAxis" xlink:to="ifrs-full_ClassesOfAssetsAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfAssetsAxis_lbl" xml:lang="en-US">Classes of assets [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ClassesOfAssetsMember" xlink:label="ifrs-full_ClassesOfAssetsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfAssetsMember" xlink:to="ifrs-full_ClassesOfAssetsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfAssetsMember_lbl" xml:lang="en-US">Classes Of Assets [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClassesOfAssetsMember_lbl" xml:lang="en-US">Assets [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InvestmentPropertyMember" xlink:label="ifrs-full_InvestmentPropertyMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentPropertyMember" xlink:to="ifrs-full_InvestmentPropertyMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InvestmentPropertyMember_lbl" xml:lang="en-US">Investment Property [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InvestmentPropertyMember_lbl" xml:lang="en-US">Investment property [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BottomOfRangeMember" xlink:label="ifrs-full_BottomOfRangeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BottomOfRangeMember" xlink:to="ifrs-full_BottomOfRangeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BottomOfRangeMember_lbl" xml:lang="en-US">Bottom Of Range [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BottomOfRangeMember_lbl" xml:lang="en-US">Minimum</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_IncreaseDecreaseDueToChangesInAccountingPoliciesWithoutRestatementOfPriorPeriodData" xlink:label="bap_IncreaseDecreaseDueToChangesInAccountingPoliciesWithoutRestatementOfPriorPeriodData" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_IncreaseDecreaseDueToChangesInAccountingPoliciesWithoutRestatementOfPriorPeriodData" xlink:to="bap_IncreaseDecreaseDueToChangesInAccountingPoliciesWithoutRestatementOfPriorPeriodData_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_IncreaseDecreaseDueToChangesInAccountingPoliciesWithoutRestatementOfPriorPeriodData_lbl" xml:lang="en-US">Increase (decrease) due to changes in accounting policies, without restatement of prior period data</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_IncreaseDecreaseDueToChangesInAccountingPoliciesWithoutRestatementOfPriorPeriodData_lbl" xml:lang="en-US">Increase (Decrease) due to Changes in Accounting Policies, Without Restatement of Prior Period Data</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_IncreaseDecreaseDueToChangesInAccountingPoliciesWithoutRestatementOfPriorPeriodData_lbl" xml:lang="en-US">Changes in accounting policies</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AmountOfIncreaseInShareCapital" xlink:label="bap_AmountOfIncreaseInShareCapital" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AmountOfIncreaseInShareCapital" xlink:to="bap_AmountOfIncreaseInShareCapital_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AmountOfIncreaseInShareCapital_lbl" xml:lang="en-US">The amount of increase in share capital.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AmountOfIncreaseInShareCapital_lbl" xml:lang="en-US">Amount of Increase in Share Capital</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AmountOfIncreaseInShareCapital_lbl" xml:lang="en-US">Amount of increaes in share capital</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DeferredChargesPrepayments" xlink:label="bap_DeferredChargesPrepayments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DeferredChargesPrepayments" xlink:to="bap_DeferredChargesPrepayments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DeferredChargesPrepayments_lbl" xml:lang="en-US">It represents of deferred charges prepayments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DeferredChargesPrepayments_lbl" xml:lang="en-US">Deferred charges prepayments</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ClassesOfShareCapitalAxis" xlink:label="ifrs-full_ClassesOfShareCapitalAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfShareCapitalAxis" xlink:to="ifrs-full_ClassesOfShareCapitalAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfShareCapitalAxis_lbl" xml:lang="en-US">Classes of share capital [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ClassesOfShareCapitalMember" xlink:label="ifrs-full_ClassesOfShareCapitalMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfShareCapitalMember" xlink:to="ifrs-full_ClassesOfShareCapitalMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfShareCapitalMember_lbl" xml:lang="en-US">Classes Of Share Capital [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClassesOfShareCapitalMember_lbl" xml:lang="en-US">Share capital [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CashAndDepositsWithBanksMember" xlink:label="bap_CashAndDepositsWithBanksMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CashAndDepositsWithBanksMember" xlink:to="bap_CashAndDepositsWithBanksMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CashAndDepositsWithBanksMember_lbl" xml:lang="en-US">Cash And Deposits With Banks [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CashAndDepositsWithBanksMember_lbl" xml:lang="en-US">cash and deposits with banks [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashAndBankBalancesAtCentralBanks" xlink:label="ifrs-full_CashAndBankBalancesAtCentralBanks" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndBankBalancesAtCentralBanks" xlink:to="ifrs-full_CashAndBankBalancesAtCentralBanks_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashAndBankBalancesAtCentralBanks_lbl" xml:lang="en-US">Cash and bank balances at central banks</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CashAndBankBalancesAtCentralBanks_lbl" xml:lang="en-US">Deposits with Central Reserve Bank of Peru (BCRP)</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DepositsWithCentralBankOfBolivia" xlink:label="bap_DepositsWithCentralBankOfBolivia" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DepositsWithCentralBankOfBolivia" xlink:to="bap_DepositsWithCentralBankOfBolivia_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DepositsWithCentralBankOfBolivia_lbl" xml:lang="en-US">The amount of deposits with Central Reserve Bank of Bolivia.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DepositsWithCentralBankOfBolivia_lbl" xml:lang="en-US">Deposits with Central Bank of Bolivia</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BankBalancesAtForeignBanks" xlink:label="bap_BankBalancesAtForeignBanks" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BankBalancesAtForeignBanks" xlink:to="bap_BankBalancesAtForeignBanks_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BankBalancesAtForeignBanks_lbl" xml:lang="en-US">The amount of bank balances deposited at foreign banks.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BankBalancesAtForeignBanks_lbl" xml:lang="en-US">Bank Balances At Foreign Banks</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BankBalancesAtForeignBanks_lbl" xml:lang="en-US">Deposits with foreign banks</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BankBalancesAtLocalBanks" xlink:label="bap_BankBalancesAtLocalBanks" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BankBalancesAtLocalBanks" xlink:to="bap_BankBalancesAtLocalBanks_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BankBalancesAtLocalBanks_lbl" xml:lang="en-US">The amount of bank balances deposited at local banks.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BankBalancesAtLocalBanks_lbl" xml:lang="en-US">Bank Balances At Local Banks</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BankBalancesAtLocalBanks_lbl" xml:lang="en-US">Deposits with local banks</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentInterestReceivable" xlink:label="ifrs-full_CurrentInterestReceivable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentInterestReceivable" xlink:to="ifrs-full_CurrentInterestReceivable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentInterestReceivable_lbl" xml:lang="en-US">Current interest receivable</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CurrentInterestReceivable_lbl" xml:lang="en-US">Accrued interest</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RestrictedCashAndCashEquivalents" xlink:label="ifrs-full_RestrictedCashAndCashEquivalents" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RestrictedCashAndCashEquivalents" xlink:to="ifrs-full_RestrictedCashAndCashEquivalents_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RestrictedCashAndCashEquivalents_lbl" xml:lang="en-US">Restricted Cash and Cash Equivalents</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_RestrictedCashAndCashEquivalents_lbl" xml:lang="en-US">Restricted funds</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MandatoryReservesAbstract" xlink:label="bap_MandatoryReservesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MandatoryReservesAbstract" xlink:to="bap_MandatoryReservesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MandatoryReservesAbstract_lbl" xml:lang="en-US">Mandatory reserves [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_MandatoryReservesAbstract_lbl" xml:lang="en-US">Legal cash requirements</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MandatoryDepositReserveAtCentralReserveBank" xlink:label="bap_MandatoryDepositReserveAtCentralReserveBank" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MandatoryDepositReserveAtCentralReserveBank" xlink:to="bap_MandatoryDepositReserveAtCentralReserveBank_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_MandatoryDepositReserveAtCentralReserveBank_lbl" xml:lang="en-US">The amount of mandatory reserve that is kept in deposit at a central bank.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MandatoryDepositReserveAtCentralReserveBank_lbl" xml:lang="en-US">Mandatory Deposit Reserve At Central Reserve Bank</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MandatoryDepositReserveAtCentralReserveBank_lbl" xml:lang="en-US">Deposits with Central Reserve Bank of Peru</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MandatoryDepositReserveAtCentralBank" xlink:label="bap_MandatoryDepositReserveAtCentralBank" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MandatoryDepositReserveAtCentralBank" xlink:to="bap_MandatoryDepositReserveAtCentralBank_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_MandatoryDepositReserveAtCentralBank_lbl" xml:lang="en-US">The amount of mandatory reserve that is kept in deposit at a central bank.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MandatoryDepositReserveAtCentralBank_lbl" xml:lang="en-US">Mandatory deposit reserve at central bank</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MandatoryDepositReserveAtCentralBank_lbl" xml:lang="en-US">Deposits with Central Bank of Bolivia</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MandatoryDepositReserveAtRepublicBank" xlink:label="bap_MandatoryDepositReserveAtRepublicBank" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MandatoryDepositReserveAtRepublicBank" xlink:to="bap_MandatoryDepositReserveAtRepublicBank_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_MandatoryDepositReserveAtRepublicBank_lbl" xml:lang="en-US">The amount of mandatory reserve that is kept in deposit at a republic bank.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MandatoryDepositReserveAtRepublicBank_lbl" xml:lang="en-US">Mandatory Deposit Reserve At Republic Bank</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MandatoryDepositReserveAtRepublicBank_lbl" xml:lang="en-US">Deposits with Republic Bank of Colombia</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherMandatoryReserveDepositsAtCentralBanks" xlink:label="bap_OtherMandatoryReserveDepositsAtCentralBanks" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherMandatoryReserveDepositsAtCentralBanks" xlink:to="bap_OtherMandatoryReserveDepositsAtCentralBanks_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_OtherMandatoryReserveDepositsAtCentralBanks_lbl" xml:lang="en-US">The amount of mandatory reserve that is kept in deposit at a central bankclassified as other.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherMandatoryReserveDepositsAtCentralBanks_lbl" xml:lang="en-US">Other mandatory reserve deposits at central banks</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_OtherMandatoryReserveDepositsAtCentralBanks_lbl" xml:lang="en-US">Cash in vaults of Bank</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_MandatoryReserveDepositsAtCentralBanks" xlink:label="ifrs-full_MandatoryReserveDepositsAtCentralBanks" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MandatoryReserveDepositsAtCentralBanks" xlink:to="ifrs-full_MandatoryReserveDepositsAtCentralBanks_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MandatoryReserveDepositsAtCentralBanks_lbl" xml:lang="en-US">Mandatory reserve deposits at central banks</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_MandatoryReserveDepositsAtCentralBanks_lbl" xml:lang="en-US">Total legal cash requirements</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_NonMandatoryReservesAbstract" xlink:label="bap_NonMandatoryReservesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_NonMandatoryReservesAbstract" xlink:to="bap_NonMandatoryReservesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_NonMandatoryReservesAbstract_lbl" xml:lang="en-US">Non mandatory reserves [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_NonMandatoryReservesAbstract_lbl" xml:lang="en-US">Additional funds</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OvernightDepositsWithCentralReserveBankOfPeru" xlink:label="bap_OvernightDepositsWithCentralReserveBankOfPeru" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OvernightDepositsWithCentralReserveBankOfPeru" xlink:to="bap_OvernightDepositsWithCentralReserveBankOfPeru_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_OvernightDepositsWithCentralReserveBankOfPeru_lbl" xml:lang="en-US">The amount of overnight deposits with Central Reserve Bank of Peru.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OvernightDepositsWithCentralReserveBankOfPeru_lbl" xml:lang="en-US">Overnight Deposits With Central Reserve Bank of Peru</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_OvernightDepositsWithCentralReserveBankOfPeru_lbl" xml:lang="en-US">Overnight deposits with Central Reserve Bank of Peru (ii)</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TermDepositsWithCentralReserveBank" xlink:label="bap_TermDepositsWithCentralReserveBank" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TermDepositsWithCentralReserveBank" xlink:to="bap_TermDepositsWithCentralReserveBank_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TermDepositsWithCentralReserveBank_lbl" xml:lang="en-US">The amount of term deposits with central reserve bank.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TermDepositsWithCentralReserveBank_lbl" xml:lang="en-US">Term Deposits with Central Reserve Bank</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TermDepositsWithCentralReserveBank_lbl" xml:lang="en-US">Term deposits with Central Reserve Bank of Peru (iii)</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherNonMandatoryReserveDepositsAtCentralBanks" xlink:label="bap_OtherNonMandatoryReserveDepositsAtCentralBanks" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherNonMandatoryReserveDepositsAtCentralBanks" xlink:to="bap_OtherNonMandatoryReserveDepositsAtCentralBanks_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_OtherNonMandatoryReserveDepositsAtCentralBanks_lbl" xml:lang="en-US">The amount of non mandatory reserve that is kept in deposit at a central bankclassified as other.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherNonMandatoryReserveDepositsAtCentralBanks_lbl" xml:lang="en-US">Other non mandatory reserve deposits at central banks</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_OtherNonMandatoryReserveDepositsAtCentralBanks_lbl" xml:lang="en-US">Cash in vaults of Bank and others</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherDeposits" xlink:label="bap_OtherDeposits" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherDeposits" xlink:to="bap_OtherDeposits_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_OtherDeposits_lbl" xml:lang="en-US">The amount of other deposits.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherDeposits_lbl" xml:lang="en-US">Other Deposits</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_OtherDeposits_lbl" xml:lang="en-US">Other Deposits BCRP</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BankBalancesAtCentralBanksOtherThanMandatoryReserveDeposits" xlink:label="ifrs-full_BankBalancesAtCentralBanksOtherThanMandatoryReserveDeposits" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BankBalancesAtCentralBanksOtherThanMandatoryReserveDeposits" xlink:to="ifrs-full_BankBalancesAtCentralBanksOtherThanMandatoryReserveDeposits_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BankBalancesAtCentralBanksOtherThanMandatoryReserveDeposits_lbl" xml:lang="en-US">Bank balances at central banks other than mandatory reserve deposits</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_BankBalancesAtCentralBanksOtherThanMandatoryReserveDeposits_lbl" xml:lang="en-US">Total additional funds</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TotalReserveDepositsAtCentralBanks" xlink:label="bap_TotalReserveDepositsAtCentralBanks" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TotalReserveDepositsAtCentralBanks" xlink:to="bap_TotalReserveDepositsAtCentralBanks_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TotalReserveDepositsAtCentralBanks_lbl" xml:lang="en-US">The amount of total reserve deposits at central banks including mandatory and non mandatory deposits.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TotalReserveDepositsAtCentralBanks_lbl" xml:lang="en-US">Total reserve deposits at central banks</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="bap_TotalReserveDepositsAtCentralBanks_lbl" xml:lang="en-US">Total</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfCashAndCashEquivalentsTable" xlink:label="bap_DisclosureOfCashAndCashEquivalentsTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfCashAndCashEquivalentsTable" xlink:to="bap_DisclosureOfCashAndCashEquivalentsTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfCashAndCashEquivalentsTable_lbl" xml:lang="en-US">Disclosure Of Cash And Cash Equivalents [Table]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_CurrencyAxis" xlink:label="srt_CurrencyAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_CurrencyAxis" xlink:to="srt_CurrencyAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_CurrencyAxis_lbl" xml:lang="en-US">Currency [Axis]</label>
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/currency/2020/currency-2020-01-31.xsd#currency_AllCurrenciesDomain" xlink:label="currency_AllCurrenciesDomain" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="currency_AllCurrenciesDomain" xlink:to="currency_AllCurrenciesDomain_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="currency_AllCurrenciesDomain_lbl" xml:lang="en-US">All Currencies [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="currency_AllCurrenciesDomain_lbl" xml:lang="en-US">All Currencies [Domain]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_UsDollarsMember" xlink:label="bap_UsDollarsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_UsDollarsMember" xlink:to="bap_UsDollarsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_UsDollarsMember_lbl" xml:lang="en-US">Us Dollars [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_UsDollarsMember_lbl" xml:lang="en-US">US Dollars [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfCashAndCashEquivalentsLineItems" xlink:label="bap_DisclosureOfCashAndCashEquivalentsLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfCashAndCashEquivalentsLineItems" xlink:to="bap_DisclosureOfCashAndCashEquivalentsLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfCashAndCashEquivalentsLineItems_lbl" xml:lang="en-US">Disclosure Of Cash And Cash Equivalents [Line Items]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ImplicitInterestRateDomestic" xlink:label="bap_ImplicitInterestRateDomestic" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ImplicitInterestRateDomestic" xlink:to="bap_ImplicitInterestRateDomestic_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ImplicitInterestRateDomestic_lbl" xml:lang="en-US">The implicit rate of interest on the mandatory reserve deposits made in domestic currency.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ImplicitInterestRateDomestic_lbl" xml:lang="en-US">Implicit interest rate, domestic</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ImplicitInterestRateForeign" xlink:label="bap_ImplicitInterestRateForeign" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ImplicitInterestRateForeign" xlink:to="bap_ImplicitInterestRateForeign_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ImplicitInterestRateForeign_lbl" xml:lang="en-US">The implicit rate of interest on the mandatory reserve deposits made in foreign currency.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ImplicitInterestRateForeign_lbl" xml:lang="en-US">Implicit interest rate, foreign</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OvernightDepositOne" xlink:label="bap_OvernightDepositOne" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OvernightDepositOne" xlink:to="bap_OvernightDepositOne_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_OvernightDepositOne_lbl" xml:lang="en-US">The carrying amount of overnight deposit one as on the date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OvernightDepositOne_lbl" xml:lang="en-US">Overnight deposit one</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OvernightDepositTwo" xlink:label="bap_OvernightDepositTwo" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OvernightDepositTwo" xlink:to="bap_OvernightDepositTwo_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_OvernightDepositTwo_lbl" xml:lang="en-US">The carrying amount of overnight deposit two as on the date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OvernightDepositTwo_lbl" xml:lang="en-US">Overnight deposit two</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InterestRateOnOvernightDeposits" xlink:label="bap_InterestRateOnOvernightDeposits" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InterestRateOnOvernightDeposits" xlink:to="bap_InterestRateOnOvernightDeposits_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_InterestRateOnOvernightDeposits_lbl" xml:lang="en-US">The rate of interest derived from overnight deposits.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InterestRateOnOvernightDeposits_lbl" xml:lang="en-US">Interest rate on overnight deposits</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InterestRateOnTermDeposits" xlink:label="bap_InterestRateOnTermDeposits" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InterestRateOnTermDeposits" xlink:to="bap_InterestRateOnTermDeposits_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_InterestRateOnTermDeposits_lbl" xml:lang="en-US">Interest rate on term deposits.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InterestRateOnTermDeposits_lbl" xml:lang="en-US">Interest Rate On Term Deposits</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InterestRateOnTermDeposits_lbl" xml:lang="en-US">Interest rate on term deposits</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DescriptionOfMaturityOfOvernightDeposits" xlink:label="bap_DescriptionOfMaturityOfOvernightDeposits" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DescriptionOfMaturityOfOvernightDeposits" xlink:to="bap_DescriptionOfMaturityOfOvernightDeposits_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DescriptionOfMaturityOfOvernightDeposits_lbl" xml:lang="en-US">The description of maturity of overnight deposits.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DescriptionOfMaturityOfOvernightDeposits_lbl" xml:lang="en-US">Description of maturity of overnight deposits</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsTable" xlink:label="bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsTable" xlink:to="bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsTable_lbl" xml:lang="en-US">Disclosure of Cash Collateral, Reverse Repurchase Agreements And Securities Borrowings And Payables From Repurchase Agreements And Security Lendings [Table]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsLineItems" xlink:label="bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsLineItems" xlink:to="bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsLineItems_lbl" xml:lang="en-US">Disclosure of Cash Collateral, Reverse Repurchase Agreements And Securities Borrowings And Payables From Repurchase Agreements And Security Lendings [Line Items]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_MaturityAxis" xlink:label="ifrs-full_MaturityAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MaturityAxis" xlink:to="ifrs-full_MaturityAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MaturityAxis_lbl" xml:lang="en-US">Maturity [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AggregatedTimeBandsMember" xlink:label="ifrs-full_AggregatedTimeBandsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AggregatedTimeBandsMember" xlink:to="ifrs-full_AggregatedTimeBandsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AggregatedTimeBandsMember_lbl" xml:lang="en-US">Aggregated Time Bands [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AggregatedTimeBandsMember_lbl" xml:lang="en-US">Aggregated time bands [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_NotLaterThanThreeDaysMember" xlink:label="bap_NotLaterThanThreeDaysMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_NotLaterThanThreeDaysMember" xlink:to="bap_NotLaterThanThreeDaysMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_NotLaterThanThreeDaysMember_lbl" xml:lang="en-US">Not Later Than Three Days [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_NotLaterThanThreeDaysMember_lbl" xml:lang="en-US">Not later than three days [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_LaterThanThreeAndNotLaterThanThirtyDaysMember" xlink:label="bap_LaterThanThreeAndNotLaterThanThirtyDaysMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_LaterThanThreeAndNotLaterThanThirtyDaysMember" xlink:to="bap_LaterThanThreeAndNotLaterThanThirtyDaysMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_LaterThanThreeAndNotLaterThanThirtyDaysMember_lbl" xml:lang="en-US">Later Than Three And Not Later Than Thirty Days [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_LaterThanThreeAndNotLaterThanThirtyDaysMember_lbl" xml:lang="en-US">Later than three and not later than thirty days [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_LaterThanThirtyDaysMember" xlink:label="bap_LaterThanThirtyDaysMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_LaterThanThirtyDaysMember" xlink:to="bap_LaterThanThirtyDaysMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_LaterThanThirtyDaysMember_lbl" xml:lang="en-US">Later Than Thirty Days [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_LaterThanThirtyDaysMember_lbl" xml:lang="en-US">Later than thirty days [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ClassesOfFinancialAssetsAxis" xlink:label="ifrs-full_ClassesOfFinancialAssetsAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialAssetsAxis" xlink:to="ifrs-full_ClassesOfFinancialAssetsAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfFinancialAssetsAxis_lbl" xml:lang="en-US">Classes of financial assets [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsMember" xlink:label="ifrs-full_FinancialAssetsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsMember" xlink:to="ifrs-full_FinancialAssetsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsMember_lbl" xml:lang="en-US">Financial Assets [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsMember_lbl" xml:lang="en-US">Financial assets, class [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InstrumentsIssuedByColombianGovernmentMember" xlink:label="bap_InstrumentsIssuedByColombianGovernmentMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InstrumentsIssuedByColombianGovernmentMember" xlink:to="bap_InstrumentsIssuedByColombianGovernmentMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InstrumentsIssuedByColombianGovernmentMember_lbl" xml:lang="en-US">Instruments Issued By Colombian Government [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InstrumentsIssuedByColombianGovernmentMember_lbl" xml:lang="en-US">Instruments issued by the Colombian Government [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InstrumentsIssuedByChileanGovernmentMember" xlink:label="bap_InstrumentsIssuedByChileanGovernmentMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InstrumentsIssuedByChileanGovernmentMember" xlink:to="bap_InstrumentsIssuedByChileanGovernmentMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InstrumentsIssuedByChileanGovernmentMember_lbl" xml:lang="en-US">Instruments Issued By Chilean Government [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InstrumentsIssuedByChileanGovernmentMember_lbl" xml:lang="en-US">Instruments issued by the Chilean Government [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherInstrumentsMember" xlink:label="bap_OtherInstrumentsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherInstrumentsMember" xlink:to="bap_OtherInstrumentsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherInstrumentsMember_lbl" xml:lang="en-US">Other Instruments [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_OtherInstrumentsMember_lbl" xml:lang="en-US">Other instruments [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ReverseRepurchaseAgreementAndSecurityBorrowingsMember" xlink:label="bap_ReverseRepurchaseAgreementAndSecurityBorrowingsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ReverseRepurchaseAgreementAndSecurityBorrowingsMember" xlink:to="bap_ReverseRepurchaseAgreementAndSecurityBorrowingsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ReverseRepurchaseAgreementAndSecurityBorrowingsMember_lbl" xml:lang="en-US">Reverse Repurchase Agreement And Security Borrowings [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ReverseRepurchaseAgreementAndSecurityBorrowingsMember_lbl" xml:lang="en-US">Reverse repurchase agreement and security borrowings [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfPresentationCurrency" xlink:label="ifrs-full_DescriptionOfPresentationCurrency" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfPresentationCurrency" xlink:to="ifrs-full_DescriptionOfPresentationCurrency_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfPresentationCurrency_lbl" xml:lang="en-US">Description of presentation currency</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedInterestRate" xlink:label="bap_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedInterestRate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedInterestRate" xlink:to="bap_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedInterestRate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedInterestRate_lbl" xml:lang="en-US">The rate of interest on Reverse repurchase agreements and cash collateral on securities borrowed.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedInterestRate_lbl" xml:lang="en-US">Reverse repurchase agreements and cash collateral on securities borrowed, interest rate</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssets" xlink:label="ifrs-full_FinancialAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssets" xlink:to="ifrs-full_FinancialAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssets_lbl" xml:lang="en-US">Financial assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_FinancialAssets_lbl" xml:lang="en-US">Balance of investment</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsAtFairValue" xlink:label="ifrs-full_FinancialAssetsAtFairValue" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtFairValue" xlink:to="ifrs-full_FinancialAssetsAtFairValue_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAtFairValue_lbl" xml:lang="en-US">Financial assets, at fair value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsAtFairValue_lbl" xml:lang="en-US">Financial assets, at fair value</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BorrowingsInterestRate" xlink:label="ifrs-full_BorrowingsInterestRate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsInterestRate" xlink:to="ifrs-full_BorrowingsInterestRate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BorrowingsInterestRate_lbl" xml:lang="en-US">Borrowings, interest rate</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialLiabilities" xlink:label="ifrs-full_FinancialLiabilities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialLiabilities" xlink:to="ifrs-full_FinancialLiabilities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialLiabilities_lbl" xml:lang="en-US">Financial liabilities</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialLiabilitiesAtFairValue" xlink:label="ifrs-full_FinancialLiabilitiesAtFairValue" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialLiabilitiesAtFairValue" xlink:to="ifrs-full_FinancialLiabilitiesAtFairValue_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialLiabilitiesAtFairValue_lbl" xml:lang="en-US">Financial liabilities, at fair value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialLiabilitiesAtFairValue_lbl" xml:lang="en-US">Financial liabilities, at fair value</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BorrowingsMaturity" xlink:label="ifrs-full_BorrowingsMaturity" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsMaturity" xlink:to="ifrs-full_BorrowingsMaturity_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BorrowingsMaturity_lbl" xml:lang="en-US">Borrowings, maturity</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfCollateralHeldAsSecurityAndOtherCreditEnhancements2014" xlink:label="ifrs-full_DescriptionOfCollateralHeldAsSecurityAndOtherCreditEnhancements2014" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfCollateralHeldAsSecurityAndOtherCreditEnhancements2014" xlink:to="ifrs-full_DescriptionOfCollateralHeldAsSecurityAndOtherCreditEnhancements2014_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfCollateralHeldAsSecurityAndOtherCreditEnhancements2014_lbl" xml:lang="en-US">Description of collateral held as security and other credit enhancements</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Borrowings" xlink:label="ifrs-full_Borrowings" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Borrowings" xlink:to="ifrs-full_Borrowings_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Borrowings_lbl" xml:lang="en-US">Borrowings</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_Borrowings_lbl" xml:lang="en-US">Notional value payable</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BorrowingsInterestRateBasis" xlink:label="ifrs-full_BorrowingsInterestRateBasis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsInterestRateBasis" xlink:to="ifrs-full_BorrowingsInterestRateBasis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BorrowingsInterestRateBasis_lbl" xml:lang="en-US">Borrowings, interest rate basis</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BorrowingsInterestRateBasis_lbl" xml:lang="en-US">Borrowings, interest rate basis</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CreditDerivativeNominalAmount" xlink:label="ifrs-full_CreditDerivativeNominalAmount" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CreditDerivativeNominalAmount" xlink:to="ifrs-full_CreditDerivativeNominalAmount_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CreditDerivativeNominalAmount_lbl" xml:lang="en-US">Credit derivative, nominal amount</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CreditDerivativeNominalAmount_lbl" xml:lang="en-US">Nominal amount</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CreditDerivativeNominalAmount_lbl" xml:lang="en-US">Nominal value of bonds designated as hedges</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfInvestmentsTable" xlink:label="bap_DisclosureOfInvestmentsTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfInvestmentsTable" xlink:to="bap_DisclosureOfInvestmentsTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfInvestmentsTable_lbl" xml:lang="en-US">Disclosure of Investments [Table]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfInvestmentsLineItems" xlink:label="bap_DisclosureOfInvestmentsLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfInvestmentsLineItems" xlink:to="bap_DisclosureOfInvestmentsLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfInvestmentsLineItems_lbl" xml:lang="en-US">The disclosure of investments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfInvestmentsLineItems_lbl" xml:lang="en-US">Disclosure of Investments [Line Items]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:label="ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:to="ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss_lbl" xml:lang="en-US">Non-current financial assets at fair value through profit or loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss_lbl" xml:lang="en-US">Non-current financial assets at fair value through profit or loss</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:label="ifrs-full_CategoriesOfFinancialAssetsAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:to="ifrs-full_CategoriesOfFinancialAssetsAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CategoriesOfFinancialAssetsAxis_lbl" xml:lang="en-US">Categories of financial assets [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsCategoryMember" xlink:label="ifrs-full_FinancialAssetsCategoryMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsCategoryMember" xlink:to="ifrs-full_FinancialAssetsCategoryMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsCategoryMember_lbl" xml:lang="en-US">Financial Assets Category [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsCategoryMember_lbl" xml:lang="en-US">Financial assets, category [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CorporateLeasingAndSubordinatedBondsMember" xlink:label="bap_CorporateLeasingAndSubordinatedBondsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CorporateLeasingAndSubordinatedBondsMember" xlink:to="bap_CorporateLeasingAndSubordinatedBondsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CorporateLeasingAndSubordinatedBondsMember_lbl" xml:lang="en-US">Corporate Leasing And Subordinated Bonds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CorporateLeasingAndSubordinatedBondsMember_lbl" xml:lang="en-US">Corporate, leasing and subordinated bonds [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CertificatesOfDepositBcrpMember" xlink:label="bap_CertificatesOfDepositBcrpMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CertificatesOfDepositBcrpMember" xlink:to="bap_CertificatesOfDepositBcrpMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CertificatesOfDepositBcrpMember_lbl" xml:lang="en-US">Certificates Of Deposit Bcrp [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CertificatesOfDepositBcrpMember_lbl" xml:lang="en-US">Certificates of deposit BCRP</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_GovernmentTreasuryBondsMember" xlink:label="bap_GovernmentTreasuryBondsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_GovernmentTreasuryBondsMember" xlink:to="bap_GovernmentTreasuryBondsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_GovernmentTreasuryBondsMember_lbl" xml:lang="en-US">Government Treasury Bonds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_GovernmentTreasuryBondsMember_lbl" xml:lang="en-US">Government Treasury Bonds</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SecuritizationInstrumentsMember" xlink:label="bap_SecuritizationInstrumentsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SecuritizationInstrumentsMember" xlink:to="bap_SecuritizationInstrumentsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SecuritizationInstrumentsMember_lbl" xml:lang="en-US">Securitization Instruments [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SecuritizationInstrumentsMember_lbl" xml:lang="en-US">Securitization instruments [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_NegotiableCertificatesOfDepositMember" xlink:label="bap_NegotiableCertificatesOfDepositMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_NegotiableCertificatesOfDepositMember" xlink:to="bap_NegotiableCertificatesOfDepositMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_NegotiableCertificatesOfDepositMember_lbl" xml:lang="en-US">Negotiable Certificates Of Deposit [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_NegotiableCertificatesOfDepositMember_lbl" xml:lang="en-US">Negotiable certificates of deposit [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OthersMember" xlink:label="bap_OthersMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OthersMember" xlink:to="bap_OthersMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OthersMember_lbl" xml:lang="en-US">Others [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_OthersMember_lbl" xml:lang="en-US">Others</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CounterpartiesAxis" xlink:label="ifrs-full_CounterpartiesAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CounterpartiesAxis" xlink:to="ifrs-full_CounterpartiesAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CounterpartiesAxis_lbl" xml:lang="en-US">Counterparties [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CounterpartiesMember" xlink:label="ifrs-full_CounterpartiesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CounterpartiesMember" xlink:to="ifrs-full_CounterpartiesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CounterpartiesMember_lbl" xml:lang="en-US">Counterparties [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CounterpartiesMember_lbl" xml:lang="en-US">Counterparties [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AlicorpSaaMember" xlink:label="bap_AlicorpSaaMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AlicorpSaaMember" xlink:to="bap_AlicorpSaaMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AlicorpSaaMember_lbl" xml:lang="en-US">Alicorp Saa [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AlicorpSaaMember_lbl" xml:lang="en-US">Alicorp S.A.A</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InversionesCentenarioSaaMember" xlink:label="bap_InversionesCentenarioSaaMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InversionesCentenarioSaaMember" xlink:to="bap_InversionesCentenarioSaaMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InversionesCentenarioSaaMember_lbl" xml:lang="en-US">Inversiones Centenario Saa [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InversionesCentenarioSaaMember_lbl" xml:lang="en-US">Inversiones Centenario S.A.A [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BolsaDeValoresDeLimaaMember" xlink:label="bap_BolsaDeValoresDeLimaaMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BolsaDeValoresDeLimaaMember" xlink:to="bap_BolsaDeValoresDeLimaaMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BolsaDeValoresDeLimaaMember_lbl" xml:lang="en-US">Bolsa De Valores De Limaa [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BolsaDeValoresDeLimaaMember_lbl" xml:lang="en-US">Bolsa de Valores de Lima [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BolsaDeComercioDeSantiagoMember" xlink:label="bap_BolsaDeComercioDeSantiagoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BolsaDeComercioDeSantiagoMember" xlink:to="bap_BolsaDeComercioDeSantiagoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BolsaDeComercioDeSantiagoMember_lbl" xml:lang="en-US">Bolsa De Comercio De Santiago [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BolsaDeComercioDeSantiagoMember_lbl" xml:lang="en-US">Bolsa de Comercio de Santiago [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CompaniaUniversalTextilSAMember" xlink:label="bap_CompaniaUniversalTextilSAMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CompaniaUniversalTextilSAMember" xlink:to="bap_CompaniaUniversalTextilSAMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CompaniaUniversalTextilSAMember_lbl" xml:lang="en-US">Compania Universal Textil S A [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CompaniaUniversalTextilSAMember_lbl" xml:lang="en-US">Compania Universal Textil S.A. [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PagosDigitalesPeruanosS.a.Member" xlink:label="bap_PagosDigitalesPeruanosS.a.Member" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PagosDigitalesPeruanosS.a.Member" xlink:to="bap_PagosDigitalesPeruanosS.a.Member_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PagosDigitalesPeruanosS.a.Member_lbl" xml:lang="en-US">This member stands for Pagos Digitales Peruanos S.A.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PagosDigitalesPeruanosS.a.Member_lbl" xml:lang="en-US">Pagos Digitales Peruanos S.a. [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PagosDigitalesPeruanosS.a.Member_lbl" xml:lang="en-US">Pagos Digitales Peruanos S.A.</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BolsaDeValoresDeColombiaaMember" xlink:label="bap_BolsaDeValoresDeColombiaaMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BolsaDeValoresDeColombiaaMember" xlink:to="bap_BolsaDeValoresDeColombiaaMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BolsaDeValoresDeColombiaaMember_lbl" xml:lang="en-US">Bolsa De Valores De Colombiaa [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BolsaDeValoresDeColombiaaMember_lbl" xml:lang="en-US">Bolsa de Valores de Colombiaa [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherMember" xlink:label="bap_OtherMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherMember" xlink:to="bap_OtherMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherMember_lbl" xml:lang="en-US">Other [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_OtherMember_lbl" xml:lang="en-US">Other [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AmortizedCostOfInvestmentsAtFairValueThroughOtherComprehensiveIncome" xlink:label="bap_AmortizedCostOfInvestmentsAtFairValueThroughOtherComprehensiveIncome" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AmortizedCostOfInvestmentsAtFairValueThroughOtherComprehensiveIncome" xlink:to="bap_AmortizedCostOfInvestmentsAtFairValueThroughOtherComprehensiveIncome_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AmortizedCostOfInvestmentsAtFairValueThroughOtherComprehensiveIncome_lbl" xml:lang="en-US">Amount of total value of amortized cost investments at fair value through other comprehensive income.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AmortizedCostOfInvestmentsAtFairValueThroughOtherComprehensiveIncome_lbl" xml:lang="en-US">Amortized Cost of Investments at Fair Value Through Other Comprehensive Income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AmortizedCostOfInvestmentsAtFairValueThroughOtherComprehensiveIncome_lbl" xml:lang="en-US">Financial assets at amortised cost</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SharesAtAmortisedCost" xlink:label="bap_SharesAtAmortisedCost" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SharesAtAmortisedCost" xlink:to="bap_SharesAtAmortisedCost_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SharesAtAmortisedCost_lbl" xml:lang="en-US">The amount of shares reported at amortised cost as on reporting period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SharesAtAmortisedCost_lbl" xml:lang="en-US">Shares At Amortised Cost</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FinancialAssetsAtAmortisedCostBeforeAccruedInterest" xlink:label="bap_FinancialAssetsAtAmortisedCostBeforeAccruedInterest" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FinancialAssetsAtAmortisedCostBeforeAccruedInterest" xlink:to="bap_FinancialAssetsAtAmortisedCostBeforeAccruedInterest_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FinancialAssetsAtAmortisedCostBeforeAccruedInterest_lbl" xml:lang="en-US">The amount of financial assets at amortised cost before accured interest.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FinancialAssetsAtAmortisedCostBeforeAccruedInterest_lbl" xml:lang="en-US">Financial assets at amortised cost before accrued interest</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_GainsOnAvailableforsaleFinancialAssets" xlink:label="bap_GainsOnAvailableforsaleFinancialAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_GainsOnAvailableforsaleFinancialAssets" xlink:to="bap_GainsOnAvailableforsaleFinancialAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_GainsOnAvailableforsaleFinancialAssets_lbl" xml:lang="en-US">The gains on available-for-sale financial assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_GainsOnAvailableforsaleFinancialAssets_lbl" xml:lang="en-US">Gains on available-for-sale financial assets</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_GainsOnShares" xlink:label="bap_GainsOnShares" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_GainsOnShares" xlink:to="bap_GainsOnShares_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_GainsOnShares_lbl" xml:lang="en-US">The gains on shares recognised during the year.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_GainsOnShares_lbl" xml:lang="en-US">Gains on shares</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_GainsOnFinancialAssetsBeforeAdjustingInterest" xlink:label="bap_GainsOnFinancialAssetsBeforeAdjustingInterest" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_GainsOnFinancialAssetsBeforeAdjustingInterest" xlink:to="bap_GainsOnFinancialAssetsBeforeAdjustingInterest_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_GainsOnFinancialAssetsBeforeAdjustingInterest_lbl" xml:lang="en-US">The gains on financial assets before adjusting interest during the period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_GainsOnFinancialAssetsBeforeAdjustingInterest_lbl" xml:lang="en-US">Gains on financial assets before adjusting interest</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_LossesOnAvailableforsaleFinancialAssets" xlink:label="bap_LossesOnAvailableforsaleFinancialAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_LossesOnAvailableforsaleFinancialAssets" xlink:to="bap_LossesOnAvailableforsaleFinancialAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_LossesOnAvailableforsaleFinancialAssets_lbl" xml:lang="en-US">The losses on available-for-sale financial assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_LossesOnAvailableforsaleFinancialAssets_lbl" xml:lang="en-US">Losses on available-for-sale financial assets</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_LossesOnShares" xlink:label="bap_LossesOnShares" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_LossesOnShares" xlink:to="bap_LossesOnShares_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_LossesOnShares_lbl" xml:lang="en-US">The losses on shares recognised during the year.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_LossesOnShares_lbl" xml:lang="en-US">Losses on shares</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_LossesOnFinancialAssetsBeforeAdjustingInterest" xlink:label="bap_LossesOnFinancialAssetsBeforeAdjustingInterest" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_LossesOnFinancialAssetsBeforeAdjustingInterest" xlink:to="bap_LossesOnFinancialAssetsBeforeAdjustingInterest_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_LossesOnFinancialAssetsBeforeAdjustingInterest_lbl" xml:lang="en-US">The losses on financial assets before adjusting interest during the period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_LossesOnFinancialAssetsBeforeAdjustingInterest_lbl" xml:lang="en-US">Losses on financial assets before adjusting interest</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsAvailableforsale" xlink:label="ifrs-full_FinancialAssetsAvailableforsale" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAvailableforsale" xlink:to="ifrs-full_FinancialAssetsAvailableforsale_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="ifrs-full_FinancialAssetsAvailableforsale_lbl" xml:lang="en-US">Estimated fair value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAvailableforsale_lbl" xml:lang="en-US">Financial assets available-for-sale</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsAvailableforsale_lbl" xml:lang="en-US">Available-for-sale</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_FinancialAssetsAvailableforsale_lbl" xml:lang="en-US">Available-for-sale investments</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SharesAtEstimatedFairValue" xlink:label="bap_SharesAtEstimatedFairValue" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SharesAtEstimatedFairValue" xlink:to="bap_SharesAtEstimatedFairValue_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SharesAtEstimatedFairValue_lbl" xml:lang="en-US">The amount of shares reported at estimated fair value as on reporting period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SharesAtEstimatedFairValue_lbl" xml:lang="en-US">Shares at estimated fair value</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FinancialAssetsAtEstimatedFairValueBeforeAccruedInterest" xlink:label="bap_FinancialAssetsAtEstimatedFairValueBeforeAccruedInterest" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FinancialAssetsAtEstimatedFairValueBeforeAccruedInterest" xlink:to="bap_FinancialAssetsAtEstimatedFairValueBeforeAccruedInterest_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FinancialAssetsAtEstimatedFairValueBeforeAccruedInterest_lbl" xml:lang="en-US">The amount of financial assets at estimated fair value before accured interest.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FinancialAssetsAtEstimatedFairValueBeforeAccruedInterest_lbl" xml:lang="en-US">Financial assets at estimated fair value before accrued interest</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InterestIncomeOnFinancialAssets" xlink:label="bap_InterestIncomeOnFinancialAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InterestIncomeOnFinancialAssets" xlink:to="bap_InterestIncomeOnFinancialAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_InterestIncomeOnFinancialAssets_lbl" xml:lang="en-US">The amount of interest income on financial assets during the year.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InterestIncomeOnFinancialAssets_lbl" xml:lang="en-US">Interest income on financial assets</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SolesMember" xlink:label="bap_SolesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SolesMember" xlink:to="bap_SolesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SolesMember_lbl" xml:lang="en-US">Soles [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SolesMember_lbl" xml:lang="en-US">The Soles [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_NegotiableCertificatesOfDepositsMember" xlink:label="bap_NegotiableCertificatesOfDepositsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_NegotiableCertificatesOfDepositsMember" xlink:to="bap_NegotiableCertificatesOfDepositsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_NegotiableCertificatesOfDepositsMember_lbl" xml:lang="en-US">Negotiable Certificates Of Deposits [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_NegotiableCertificatesOfDepositsMember_lbl" xml:lang="en-US">Negotiable certificates of deposits [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DescriptionOfMaturityOfFinancialAssetsClassifiedOutOfAvailableforsaleFinancialAssets" xlink:label="bap_DescriptionOfMaturityOfFinancialAssetsClassifiedOutOfAvailableforsaleFinancialAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DescriptionOfMaturityOfFinancialAssetsClassifiedOutOfAvailableforsaleFinancialAssets" xlink:to="bap_DescriptionOfMaturityOfFinancialAssetsClassifiedOutOfAvailableforsaleFinancialAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DescriptionOfMaturityOfFinancialAssetsClassifiedOutOfAvailableforsaleFinancialAssets_lbl" xml:lang="en-US">The description of maturity of financial assets classified out of available-for-sale financial assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DescriptionOfMaturityOfFinancialAssetsClassifiedOutOfAvailableforsaleFinancialAssets_lbl" xml:lang="en-US">Description Of Maturity Of Financial Assets Classified Out Of Availableforsale Financial Assets</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_EffectiveInterestRateOfFinancialAssetsClassifiedOutOfAvailableforsaleFinancialAssets" xlink:label="bap_EffectiveInterestRateOfFinancialAssetsClassifiedOutOfAvailableforsaleFinancialAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_EffectiveInterestRateOfFinancialAssetsClassifiedOutOfAvailableforsaleFinancialAssets" xlink:to="bap_EffectiveInterestRateOfFinancialAssetsClassifiedOutOfAvailableforsaleFinancialAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_EffectiveInterestRateOfFinancialAssetsClassifiedOutOfAvailableforsaleFinancialAssets_lbl" xml:lang="en-US">The effective interest rate of financial assets classified out of the available-for-sale measurement category.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_EffectiveInterestRateOfFinancialAssetsClassifiedOutOfAvailableforsaleFinancialAssets_lbl" xml:lang="en-US">Effective Interest Rate Of Financial Assets Classified Out Of Availableforsale Financial Assets</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PeruvianSovereignBondsMember" xlink:label="bap_PeruvianSovereignBondsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PeruvianSovereignBondsMember" xlink:to="bap_PeruvianSovereignBondsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PeruvianSovereignBondsMember_lbl" xml:lang="en-US">Peruvian Sovereign Bonds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PeruvianSovereignBondsMember_lbl" xml:lang="en-US">Peruvian sovereign bonds [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BolivianSovereignBondsMember" xlink:label="bap_BolivianSovereignBondsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BolivianSovereignBondsMember" xlink:to="bap_BolivianSovereignBondsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BolivianSovereignBondsMember_lbl" xml:lang="en-US">Bolivian Sovereign Bonds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BolivianSovereignBondsMember_lbl" xml:lang="en-US">Bolivian sovereign bonds [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ColombianSovereignBondsMember" xlink:label="bap_ColombianSovereignBondsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ColombianSovereignBondsMember" xlink:to="bap_ColombianSovereignBondsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ColombianSovereignBondsMember_lbl" xml:lang="en-US">Colombian Sovereign Bonds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ColombianSovereignBondsMember_lbl" xml:lang="en-US">Colombian sovereign bonds [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_UsFederalAgencyBondsMember" xlink:label="bap_UsFederalAgencyBondsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_UsFederalAgencyBondsMember" xlink:to="bap_UsFederalAgencyBondsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_UsFederalAgencyBondsMember_lbl" xml:lang="en-US">Us Federal Agency Bonds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_UsFederalAgencyBondsMember_lbl" xml:lang="en-US">U.S. Federal agency bonds [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherBondsMember" xlink:label="bap_OtherBondsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherBondsMember" xlink:to="bap_OtherBondsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherBondsMember_lbl" xml:lang="en-US">Other Bonds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_OtherBondsMember_lbl" xml:lang="en-US">Other bonds [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ChileanSovereignBondsMember" xlink:label="bap_ChileanSovereignBondsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ChileanSovereignBondsMember" xlink:to="bap_ChileanSovereignBondsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ChileanSovereignBondsMember_lbl" xml:lang="en-US">Chilean Sovereign Bonds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ChileanSovereignBondsMember_lbl" xml:lang="en-US">Chilean sovereign bonds [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:to="ifrs-full_ClassesOfFinancialInstrumentsAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsAxis_lbl" xml:lang="en-US">Classes of financial instruments [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ClassesOfFinancialInstrumentsMember" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialInstrumentsMember" xlink:to="ifrs-full_ClassesOfFinancialInstrumentsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsMember_lbl" xml:lang="en-US">Classes Of Financial Instruments [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsMember_lbl" xml:lang="en-US">Financial instruments, class [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AvailableforsaleInvestmentsMember" xlink:label="bap_AvailableforsaleInvestmentsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AvailableforsaleInvestmentsMember" xlink:to="bap_AvailableforsaleInvestmentsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AvailableforsaleInvestmentsMember_lbl" xml:lang="en-US">Availableforsale Investments [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AvailableforsaleInvestmentsMember_lbl" xml:lang="en-US">Available-for-sale investments [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xlink:to="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_lbl" xml:lang="en-US">Financial assets at fair value through profit or loss, classified as held for trading</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InmueblesPanamericanaMember" xlink:label="bap_InmueblesPanamericanaMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InmueblesPanamericanaMember" xlink:to="bap_InmueblesPanamericanaMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InmueblesPanamericanaMember_lbl" xml:lang="en-US">Inmuebles Panamericana [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InmueblesPanamericanaMember_lbl" xml:lang="en-US">Inmuebles Panamericana [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AbengoaTransmisionDelNorteMember" xlink:label="bap_AbengoaTransmisionDelNorteMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AbengoaTransmisionDelNorteMember" xlink:to="bap_AbengoaTransmisionDelNorteMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AbengoaTransmisionDelNorteMember_lbl" xml:lang="en-US">Abengoa Transmision Del Norte [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AbengoaTransmisionDelNorteMember_lbl" xml:lang="en-US">Abengoa Transmision del Norte [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ColegiosPeruanosS.a.Member" xlink:label="bap_ColegiosPeruanosS.a.Member" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ColegiosPeruanosS.a.Member" xlink:to="bap_ColegiosPeruanosS.a.Member_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ColegiosPeruanosS.a.Member_lbl" xml:lang="en-US">This member stands for Colegios Peruanos S.A.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ColegiosPeruanosS.a.Member_lbl" xml:lang="en-US">Colegios Peruanos S.a. [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ColegiosPeruanosS.a.Member_lbl" xml:lang="en-US">Colegios Peruanos S.A.</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CostaDeSolS.a.Member" xlink:label="bap_CostaDeSolS.a.Member" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CostaDeSolS.a.Member" xlink:to="bap_CostaDeSolS.a.Member_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CostaDeSolS.a.Member_lbl" xml:lang="en-US">This member stands for Costa de Sol S.A.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CostaDeSolS.a.Member_lbl" xml:lang="en-US">Costa De Sol S.a. [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CostaDeSolS.a.Member_lbl" xml:lang="en-US">Costa de Sol S.A.</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_NessusHotelesPerS.a.Member" xlink:label="bap_NessusHotelesPerS.a.Member" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_NessusHotelesPerS.a.Member" xlink:to="bap_NessusHotelesPerS.a.Member_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_NessusHotelesPerS.a.Member_lbl" xml:lang="en-US">This member stands for Nessus Hoteles Per S.A.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_NessusHotelesPerS.a.Member_lbl" xml:lang="en-US">Nessus Hoteles Per S.a. [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_NessusHotelesPerS.a.Member_lbl" xml:lang="en-US">Nessus Hoteles Per S.A.</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_IndustriasDeAceiteSAMember" xlink:label="bap_IndustriasDeAceiteSAMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_IndustriasDeAceiteSAMember" xlink:to="bap_IndustriasDeAceiteSAMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_IndustriasDeAceiteSAMember_lbl" xml:lang="en-US">Industrias De Aceite S A [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_IndustriasDeAceiteSAMember_lbl" xml:lang="en-US">Industrias de Aceite SA [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FbricaNacionalDeCementoS.a.Member" xlink:label="bap_FbricaNacionalDeCementoS.a.Member" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FbricaNacionalDeCementoS.a.Member" xlink:to="bap_FbricaNacionalDeCementoS.a.Member_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FbricaNacionalDeCementoS.a.Member_lbl" xml:lang="en-US">This member stands for Fbrica Nacional de Cemento S.A.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FbricaNacionalDeCementoS.a.Member_lbl" xml:lang="en-US">Fbrica Nacional De Cemento S.a. [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FbricaNacionalDeCementoS.a.Member_lbl" xml:lang="en-US">Fbrica Nacional de Cemento S.A.</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_HomecentersPeruanosSAMember" xlink:label="bap_HomecentersPeruanosSAMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_HomecentersPeruanosSAMember" xlink:to="bap_HomecentersPeruanosSAMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_HomecentersPeruanosSAMember_lbl" xml:lang="en-US">Homecenters Peruanos S A [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_HomecentersPeruanosSAMember_lbl" xml:lang="en-US">Homecenters Peruanos SA [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ConcesionariaLaChiraSaMember" xlink:label="bap_ConcesionariaLaChiraSaMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ConcesionariaLaChiraSaMember" xlink:to="bap_ConcesionariaLaChiraSaMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ConcesionariaLaChiraSaMember_lbl" xml:lang="en-US">Concesionaria La Chira Sa [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ConcesionariaLaChiraSaMember_lbl" xml:lang="en-US">Concesionaria La Chira S.A.</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OthersInvestmentsMember" xlink:label="bap_OthersInvestmentsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OthersInvestmentsMember" xlink:to="bap_OthersInvestmentsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_OthersInvestmentsMember_lbl" xml:lang="en-US">This member stands for Others Investments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OthersInvestmentsMember_lbl" xml:lang="en-US">Others Investments [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_OthersInvestmentsMember_lbl" xml:lang="en-US">Others (minor than S/30.5 million)</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BondsOfForeignGovernementsMember" xlink:label="bap_BondsOfForeignGovernementsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BondsOfForeignGovernementsMember" xlink:to="bap_BondsOfForeignGovernementsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BondsOfForeignGovernementsMember_lbl" xml:lang="en-US">Bonds Of Foreign Governements [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BondsOfForeignGovernementsMember_lbl" xml:lang="en-US">Bonds of foreign governements [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CertificatesOfPaymentOnWorkProgressMember" xlink:label="bap_CertificatesOfPaymentOnWorkProgressMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CertificatesOfPaymentOnWorkProgressMember" xlink:to="bap_CertificatesOfPaymentOnWorkProgressMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CertificatesOfPaymentOnWorkProgressMember_lbl" xml:lang="en-US">Certificates Of Payment On Work Progress [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CertificatesOfPaymentOnWorkProgressMember_lbl" xml:lang="en-US">Certificates of payment on work progress [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FinancialAssetsHeldToMaturityBeforeAccruedInterest" xlink:label="bap_FinancialAssetsHeldToMaturityBeforeAccruedInterest" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FinancialAssetsHeldToMaturityBeforeAccruedInterest" xlink:to="bap_FinancialAssetsHeldToMaturityBeforeAccruedInterest_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FinancialAssetsHeldToMaturityBeforeAccruedInterest_lbl" xml:lang="en-US">The amount of financial assets held to maturity before accrued interest.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FinancialAssetsHeldToMaturityBeforeAccruedInterest_lbl" xml:lang="en-US">Financial assets held to maturity before accrued interest</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FinancialAssetsHeldToMaturityAccruedInterest" xlink:label="bap_FinancialAssetsHeldToMaturityAccruedInterest" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FinancialAssetsHeldToMaturityAccruedInterest" xlink:to="bap_FinancialAssetsHeldToMaturityAccruedInterest_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FinancialAssetsHeldToMaturityAccruedInterest_lbl" xml:lang="en-US">The amount interest accrued on carrying amount of financial assets held to maturity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FinancialAssetsHeldToMaturityAccruedInterest_lbl" xml:lang="en-US">Financial assets held to maturity, accrued interest</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_HeldtomaturityInvestments" xlink:label="ifrs-full_HeldtomaturityInvestments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_HeldtomaturityInvestments" xlink:to="ifrs-full_HeldtomaturityInvestments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_HeldtomaturityInvestments_lbl" xml:lang="en-US">Held-to-maturity investments</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AllowanceAccountForCreditLossesOfInvesments" xlink:label="bap_AllowanceAccountForCreditLossesOfInvesments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AllowanceAccountForCreditLossesOfInvesments" xlink:to="bap_AllowanceAccountForCreditLossesOfInvesments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AllowanceAccountForCreditLossesOfInvesments_lbl" xml:lang="en-US">The amount of an allowance account used to record impairments to investments due to credit losses.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AllowanceAccountForCreditLossesOfInvesments_lbl" xml:lang="en-US">Allowance Account for Credit Losses of Invesments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AllowanceAccountForCreditLossesOfInvesments_lbl" xml:lang="en-US">Provision for credit losses</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FinancialAssetsHeldToMaturityAtAmortizedCosts" xlink:label="bap_FinancialAssetsHeldToMaturityAtAmortizedCosts" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FinancialAssetsHeldToMaturityAtAmortizedCosts" xlink:to="bap_FinancialAssetsHeldToMaturityAtAmortizedCosts_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FinancialAssetsHeldToMaturityAtAmortizedCosts_lbl" xml:lang="en-US">The total amount of financial assets held to maturity after provision for credit losses at amortized costs.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FinancialAssetsHeldToMaturityAtAmortizedCosts_lbl" xml:lang="en-US">Financial Assets Held to Maturity, At Amortized Costs</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FinancialAssetsHeldToMaturityAtAmortizedCosts_lbl" xml:lang="en-US">Total investments at amortized cost, net</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FinancialAssetsHeldToMaturityAtFairValueBeforeAccruedInterest" xlink:label="bap_FinancialAssetsHeldToMaturityAtFairValueBeforeAccruedInterest" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FinancialAssetsHeldToMaturityAtFairValueBeforeAccruedInterest" xlink:to="bap_FinancialAssetsHeldToMaturityAtFairValueBeforeAccruedInterest_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FinancialAssetsHeldToMaturityAtFairValueBeforeAccruedInterest_lbl" xml:lang="en-US">The amount of financial assets held to maturity at fair value before accrued interest.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FinancialAssetsHeldToMaturityAtFairValueBeforeAccruedInterest_lbl" xml:lang="en-US">Financial assets held to maturity at fair value before accrued interest</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FinancialAssetsHeldToMaturityAtFairValueAccruedInterest" xlink:label="bap_FinancialAssetsHeldToMaturityAtFairValueAccruedInterest" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FinancialAssetsHeldToMaturityAtFairValueAccruedInterest" xlink:to="bap_FinancialAssetsHeldToMaturityAtFairValueAccruedInterest_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FinancialAssetsHeldToMaturityAtFairValueAccruedInterest_lbl" xml:lang="en-US">The amount interest accrued on fair value amount of financial assets held to maturity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FinancialAssetsHeldToMaturityAtFairValueAccruedInterest_lbl" xml:lang="en-US">Financial assets held to maturity at fair value, accrued interest</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TotalFinancialAssetsHeldToMaturityAtFairValue" xlink:label="bap_TotalFinancialAssetsHeldToMaturityAtFairValue" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TotalFinancialAssetsHeldToMaturityAtFairValue" xlink:to="bap_TotalFinancialAssetsHeldToMaturityAtFairValue_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TotalFinancialAssetsHeldToMaturityAtFairValue_lbl" xml:lang="en-US">The total amount of financial assets held to maturity at fair value.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TotalFinancialAssetsHeldToMaturityAtFairValue_lbl" xml:lang="en-US">Total financial assets held to maturity at fair value</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FinancialAssetsHeldToMaturityAtFairValueProvisionForCreditLosses" xlink:label="bap_FinancialAssetsHeldToMaturityAtFairValueProvisionForCreditLosses" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FinancialAssetsHeldToMaturityAtFairValueProvisionForCreditLosses" xlink:to="bap_FinancialAssetsHeldToMaturityAtFairValueProvisionForCreditLosses_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FinancialAssetsHeldToMaturityAtFairValueProvisionForCreditLosses_lbl" xml:lang="en-US">The amount of financial assets held to maturity at fair value, provision for credit losses.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FinancialAssetsHeldToMaturityAtFairValueProvisionForCreditLosses_lbl" xml:lang="en-US">Financial Assets Held to Maturity, At Fair Value, Provision For Credit Losses</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FinancialAssetsHeldToMaturityAtFairValueProvisionForCreditLosses_lbl" xml:lang="en-US">Provision for credit losses at fair value</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FinancialAssetsHeldToMaturityAtFairValue" xlink:label="bap_FinancialAssetsHeldToMaturityAtFairValue" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FinancialAssetsHeldToMaturityAtFairValue" xlink:to="bap_FinancialAssetsHeldToMaturityAtFairValue_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FinancialAssetsHeldToMaturityAtFairValue_lbl" xml:lang="en-US">The total amount of financial assets held to maturity after provision for credit losses at fair value.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FinancialAssetsHeldToMaturityAtFairValue_lbl" xml:lang="en-US">Financial Assets Held to Maturity, At Fair Value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FinancialAssetsHeldToMaturityAtFairValue_lbl" xml:lang="en-US">Total investments, net at fair value</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NotLaterThanThreeMonthsMember" xlink:label="ifrs-full_NotLaterThanThreeMonthsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NotLaterThanThreeMonthsMember" xlink:to="ifrs-full_NotLaterThanThreeMonthsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NotLaterThanThreeMonthsMember_lbl" xml:lang="en-US">Not Later Than Three Months [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NotLaterThanThreeMonthsMember_lbl" xml:lang="en-US">Up to 3 months</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember" xlink:label="ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember" xlink:to="ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember_lbl" xml:lang="en-US">Later Than Three Months And Not Later Than One Year [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember_lbl" xml:lang="en-US">From 3 months to 1 year</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember" xlink:to="ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember_lbl" xml:lang="en-US">Later Than One Year And Not Later Than Three Years [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember_lbl" xml:lang="en-US">From 1 to 3 years</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" xlink:label="ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" xlink:to="ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember_lbl" xml:lang="en-US">Later Than Three Years And Not Later Than Five Years [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember_lbl" xml:lang="en-US">From 3 to 5 years</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LaterThanFiveYearsMember" xlink:label="ifrs-full_LaterThanFiveYearsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanFiveYearsMember" xlink:to="ifrs-full_LaterThanFiveYearsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanFiveYearsMember_lbl" xml:lang="en-US">Later Than Five Years [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanFiveYearsMember_lbl" xml:lang="en-US">Over 5 years</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_WithoutMaturityMember" xlink:label="bap_WithoutMaturityMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_WithoutMaturityMember" xlink:to="bap_WithoutMaturityMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_WithoutMaturityMember_lbl" xml:lang="en-US">Without Maturity [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_WithoutMaturityMember_lbl" xml:lang="en-US">Without maturity [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xlink:to="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_lbl" xml:lang="en-US">Financial Assets At Fair Value Through Profit Or Loss Category [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_lbl" xml:lang="en-US">At fair value through profit or loss</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xlink:to="ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember_lbl" xml:lang="en-US">Financial Assets At Fair Value Through Other Comprehensive Income Category [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember_lbl" xml:lang="en-US">At fair value through other comprehensive income [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember" xlink:label="ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember" xlink:to="ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember_lbl" xml:lang="en-US">Financial Assets At Amortised Cost Category [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember_lbl" xml:lang="en-US">Amortized cost [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossAbstract" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossAbstract" xlink:to="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossAbstract_lbl" xml:lang="en-US">Financial assets at fair value through profit or loss [abstract]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnDisposalsOfInvestments" xlink:label="ifrs-full_GainsLossesOnDisposalsOfInvestments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnDisposalsOfInvestments" xlink:to="ifrs-full_GainsLossesOnDisposalsOfInvestments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesOnDisposalsOfInvestments_lbl" xml:lang="en-US">Gains (losses) on disposals of investments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsLossesOnDisposalsOfInvestments_lbl" xml:lang="en-US">Net gain in associates (i)</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NumberOfInstrumentsOrInterestsIssuedOrIssuable" xlink:label="ifrs-full_NumberOfInstrumentsOrInterestsIssuedOrIssuable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfInstrumentsOrInterestsIssuedOrIssuable" xlink:to="ifrs-full_NumberOfInstrumentsOrInterestsIssuedOrIssuable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfInstrumentsOrInterestsIssuedOrIssuable_lbl" xml:lang="en-US">Number of instruments or interests issued or issuable</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LossesOnDisposalsOfInvestments" xlink:label="ifrs-full_LossesOnDisposalsOfInvestments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LossesOnDisposalsOfInvestments" xlink:to="ifrs-full_LossesOnDisposalsOfInvestments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LossesOnDisposalsOfInvestments_lbl" xml:lang="en-US">Losses on disposals of investments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LossesOnDisposalsOfInvestments_lbl" xml:lang="en-US">Individual unrealized loss</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CertificatesOfDeposits" xlink:label="bap_CertificatesOfDeposits" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CertificatesOfDeposits" xlink:to="bap_CertificatesOfDeposits_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CertificatesOfDeposits_lbl" xml:lang="en-US">Amount of certificate of deposit liabilities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CertificatesOfDeposits_lbl" xml:lang="en-US">Certificates of Deposits</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CertificatesOfDeposits_lbl" xml:lang="en-US">Certificates of deposits</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PercentageOfEffectiveAnnualInterestRateExcludingBondsInterestRate" xlink:label="bap_PercentageOfEffectiveAnnualInterestRateExcludingBondsInterestRate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PercentageOfEffectiveAnnualInterestRateExcludingBondsInterestRate" xlink:to="bap_PercentageOfEffectiveAnnualInterestRateExcludingBondsInterestRate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PercentageOfEffectiveAnnualInterestRateExcludingBondsInterestRate_lbl" xml:lang="en-US">The percentage of effective annual interest rate excluding bonds interest rate.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PercentageOfEffectiveAnnualInterestRateExcludingBondsInterestRate_lbl" xml:lang="en-US">Percentage of Effective Annual Interest Rate Excluding Bonds Interest Rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PercentageOfEffectiveAnnualInterestRateExcludingBondsInterestRate_lbl" xml:lang="en-US">Percentage of effective annual interest rate excluding bonds interest rate</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_NumberOfCertificatesOfDeosits" xlink:label="bap_NumberOfCertificatesOfDeosits" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_NumberOfCertificatesOfDeosits" xlink:to="bap_NumberOfCertificatesOfDeosits_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_NumberOfCertificatesOfDeosits_lbl" xml:lang="en-US">The number of certificates of deposits.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_NumberOfCertificatesOfDeosits_lbl" xml:lang="en-US">Number of Certificates of Deosits</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_NumberOfCertificatesOfDeosits_lbl" xml:lang="en-US">Number of certificates of deposits</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InvestmentInNumberOfShares" xlink:label="bap_InvestmentInNumberOfShares" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InvestmentInNumberOfShares" xlink:to="bap_InvestmentInNumberOfShares_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_InvestmentInNumberOfShares_lbl" xml:lang="en-US">The amount of investment in number of shares.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InvestmentInNumberOfShares_lbl" xml:lang="en-US">Investment in Number of Shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InvestmentInNumberOfShares_lbl" xml:lang="en-US">Investment in number of shares</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_NumberOfParticipations" xlink:label="bap_NumberOfParticipations" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_NumberOfParticipations" xlink:to="bap_NumberOfParticipations_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_NumberOfParticipations_lbl" xml:lang="en-US">Represents the number of participations.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_NumberOfParticipations_lbl" xml:lang="en-US">Number of Participations</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_NumberOfParticipations_lbl" xml:lang="en-US">Number of participations</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_UnitPriceOfParticipations" xlink:label="bap_UnitPriceOfParticipations" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_UnitPriceOfParticipations" xlink:to="bap_UnitPriceOfParticipations_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_UnitPriceOfParticipations_lbl" xml:lang="en-US">Represents unit price of participations.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_UnitPriceOfParticipations_lbl" xml:lang="en-US">Unit Price of Participations</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_UnitPriceOfParticipations_lbl" xml:lang="en-US">Unit price of participations</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_UnitPriceOfShares" xlink:label="bap_UnitPriceOfShares" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_UnitPriceOfShares" xlink:to="bap_UnitPriceOfShares_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_UnitPriceOfShares_lbl" xml:lang="en-US">Represents the unit prices of shares.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_UnitPriceOfShares_lbl" xml:lang="en-US">Unit Prices of Shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_UnitPriceOfShares_lbl" xml:lang="en-US">Unit price of shares</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DividendsReceived" xlink:label="ifrs-full_DividendsReceived" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsReceived" xlink:to="ifrs-full_DividendsReceived_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DividendsReceived_lbl" xml:lang="en-US">Dividends received</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DividendsReceived_lbl" xml:lang="en-US">Dividends received</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NotionalAmount" xlink:label="ifrs-full_NotionalAmount" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NotionalAmount" xlink:to="ifrs-full_NotionalAmount_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NotionalAmount_lbl" xml:lang="en-US">Notional amount</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NotionalAmount_lbl" xml:lang="en-US">Notional amount</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NotionalAmount_lbl" xml:lang="en-US">Issued amount</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PercentageOfCorporateBondsIssued" xlink:label="bap_PercentageOfCorporateBondsIssued" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PercentageOfCorporateBondsIssued" xlink:to="bap_PercentageOfCorporateBondsIssued_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PercentageOfCorporateBondsIssued_lbl" xml:lang="en-US">Represents the percentage of corporate bonds issued.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PercentageOfCorporateBondsIssued_lbl" xml:lang="en-US">Percentage of Corporate Bonds Issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PercentageOfCorporateBondsIssued_lbl" xml:lang="en-US">Percentage of corporate bonds issued</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AnnualEffectiveInterestRateOfHeldToMaturityInvestments" xlink:label="bap_AnnualEffectiveInterestRateOfHeldToMaturityInvestments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AnnualEffectiveInterestRateOfHeldToMaturityInvestments" xlink:to="bap_AnnualEffectiveInterestRateOfHeldToMaturityInvestments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AnnualEffectiveInterestRateOfHeldToMaturityInvestments_lbl" xml:lang="en-US">The effective interest rate of financial assets classified held to maturity investments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AnnualEffectiveInterestRateOfHeldToMaturityInvestments_lbl" xml:lang="en-US">Annual effective interest rate of held to maturity investments</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:label="ifrs-full_FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:to="ifrs-full_FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_lbl" xml:lang="en-US">Investments in equity instruments designated at fair value through other comprehensive income</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CreditExposure" xlink:label="ifrs-full_CreditExposure" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CreditExposure" xlink:to="ifrs-full_CreditExposure_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CreditExposure_lbl" xml:lang="en-US">Credit exposure</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ProvisionOfCreditLoss" xlink:label="bap_ProvisionOfCreditLoss" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ProvisionOfCreditLoss" xlink:to="bap_ProvisionOfCreditLoss_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ProvisionOfCreditLoss_lbl" xml:lang="en-US">The amount of provision of credit loss.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ProvisionOfCreditLoss_lbl" xml:lang="en-US">Provision Of Credit Loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ProvisionOfCreditLoss_lbl" xml:lang="en-US">Provision of credit loss</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_RecoveryOfCreditLoss" xlink:label="bap_RecoveryOfCreditLoss" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_RecoveryOfCreditLoss" xlink:to="bap_RecoveryOfCreditLoss_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_RecoveryOfCreditLoss_lbl" xml:lang="en-US">The amount of recovery of credit loss.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_RecoveryOfCreditLoss_lbl" xml:lang="en-US">Recovery Of Credit Loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_RecoveryOfCreditLoss_lbl" xml:lang="en-US">Recovery of credit loss</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FinancialAssetsMaturityDateDescription" xlink:label="bap_FinancialAssetsMaturityDateDescription" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FinancialAssetsMaturityDateDescription" xlink:to="bap_FinancialAssetsMaturityDateDescription_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FinancialAssetsMaturityDateDescription_lbl" xml:lang="en-US">Description about the maturity date of financial assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FinancialAssetsMaturityDateDescription_lbl" xml:lang="en-US">Financial Assets Maturity Date Description</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DirectLoansAbstract" xlink:label="bap_DirectLoansAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DirectLoansAbstract" xlink:to="bap_DirectLoansAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DirectLoansAbstract_lbl" xml:lang="en-US">Direct loans [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DirectLoansAbstract_lbl" xml:lang="en-US">Outstanding loans -</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DirectLoansAbstract_lbl" xml:lang="en-US">Direct loans -</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LoansAndReceivables" xlink:label="ifrs-full_LoansAndReceivables" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LoansAndReceivables" xlink:to="ifrs-full_LoansAndReceivables_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LoansAndReceivables_lbl" xml:lang="en-US">Loans and receivables</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_LoansAndReceivables_lbl" xml:lang="en-US">Loans</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinanceLeaseReceivables" xlink:label="ifrs-full_FinanceLeaseReceivables" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinanceLeaseReceivables" xlink:to="ifrs-full_FinanceLeaseReceivables_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinanceLeaseReceivables_lbl" xml:lang="en-US">Finance lease receivables</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_FinanceLeaseReceivables_lbl" xml:lang="en-US">Leasing receivables</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CreditCardLoans" xlink:label="bap_CreditCardLoans" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CreditCardLoans" xlink:to="bap_CreditCardLoans_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CreditCardLoans_lbl" xml:lang="en-US">Short term loans given on credit cards.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CreditCardLoans_lbl" xml:lang="en-US">Credit card loans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_CreditCardLoans_lbl" xml:lang="en-US">Credit cards</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DiscountedNotes" xlink:label="bap_DiscountedNotes" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DiscountedNotes" xlink:to="bap_DiscountedNotes_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DiscountedNotes_lbl" xml:lang="en-US">The amount of notes discounted.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DiscountedNotes_lbl" xml:lang="en-US">Discounted notes</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DiscountedNotes_lbl" xml:lang="en-US">Discounted notes</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FactoringOfReceivables" xlink:label="bap_FactoringOfReceivables" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FactoringOfReceivables" xlink:to="bap_FactoringOfReceivables_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FactoringOfReceivables_lbl" xml:lang="en-US">The amount of receivables of an entity those are transferred to another party (factor).</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FactoringOfReceivables_lbl" xml:lang="en-US">Factoring of receivables</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_FactoringOfReceivables_lbl" xml:lang="en-US">Factoring receivables</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CurrentAccountAdvancesAndOverdrafts" xlink:label="bap_CurrentAccountAdvancesAndOverdrafts" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CurrentAccountAdvancesAndOverdrafts" xlink:to="bap_CurrentAccountAdvancesAndOverdrafts_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CurrentAccountAdvancesAndOverdrafts_lbl" xml:lang="en-US">The amount that has been withdrawn from an account in excess of existing cash balances. This is considered a short-term extension of credit by the bank to the customers.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CurrentAccountAdvancesAndOverdrafts_lbl" xml:lang="en-US">Current account advances and overdrafts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_CurrentAccountAdvancesAndOverdrafts_lbl" xml:lang="en-US">Advances and overdrafts in current account</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_RefinancedLoans" xlink:label="bap_RefinancedLoans" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_RefinancedLoans" xlink:to="bap_RefinancedLoans_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_RefinancedLoans_lbl" xml:lang="en-US">The amount of loans those are refinanced.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_RefinancedLoans_lbl" xml:lang="en-US">Refinanced loans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_RefinancedLoans_lbl" xml:lang="en-US">Refinanced loans</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_RestructuredLoans" xlink:label="bap_RestructuredLoans" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_RestructuredLoans" xlink:to="bap_RestructuredLoans_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_RestructuredLoans_lbl" xml:lang="en-US">The amount of loans those are restructured.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_RestructuredLoans_lbl" xml:lang="en-US">Restructured loans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_RestructuredLoans_lbl" xml:lang="en-US">Restructured loans</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DirectLoansGross" xlink:label="bap_DirectLoansGross" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DirectLoansGross" xlink:to="bap_DirectLoansGross_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DirectLoansGross_lbl" xml:lang="en-US">The gross amount of loans those are classified as direct loans.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DirectLoansGross_lbl" xml:lang="en-US">Direct loans, gross</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="bap_DirectLoansGross_lbl" xml:lang="en-US">Total direct loans</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InternalOverdueLoansAndUnderLegalCollectionLoans" xlink:label="bap_InternalOverdueLoansAndUnderLegalCollectionLoans" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InternalOverdueLoansAndUnderLegalCollectionLoans" xlink:to="bap_InternalOverdueLoansAndUnderLegalCollectionLoans_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_InternalOverdueLoansAndUnderLegalCollectionLoans_lbl" xml:lang="en-US">The amount of Internal overdue loans and under legal collection loans.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InternalOverdueLoansAndUnderLegalCollectionLoans_lbl" xml:lang="en-US">Internal overdue loans and under legal collection loans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_InternalOverdueLoansAndUnderLegalCollectionLoans_lbl" xml:lang="en-US">Internal overdue loans and under legal collection loans</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DirectLoansIncludingInternalLoans" xlink:label="bap_DirectLoansIncludingInternalLoans" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DirectLoansIncludingInternalLoans" xlink:to="bap_DirectLoansIncludingInternalLoans_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DirectLoansIncludingInternalLoans_lbl" xml:lang="en-US">The amount of direct loans including internally overdue loans.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DirectLoansIncludingInternalLoans_lbl" xml:lang="en-US">Direct loans including internal loans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="bap_DirectLoansIncludingInternalLoans_lbl" xml:lang="en-US">Direct loans including internal overdue loans and under legal collection loans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DirectLoansIncludingInternalLoans_lbl" xml:lang="en-US">Direct loans</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AccruedIncome" xlink:label="ifrs-full_AccruedIncome" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AccruedIncome" xlink:to="ifrs-full_AccruedIncome_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AccruedIncome_lbl" xml:lang="en-US">Accrued income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AccruedIncome_lbl" xml:lang="en-US">Accrued interest</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_UnearnedInterest" xlink:label="bap_UnearnedInterest" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_UnearnedInterest" xlink:to="bap_UnearnedInterest_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_UnearnedInterest_lbl" xml:lang="en-US">The amount of interest that is not yet accrued.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_UnearnedInterest_lbl" xml:lang="en-US">Unearned interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="bap_UnearnedInterest_lbl" xml:lang="en-US">Unearned interest</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OffBalanceSheetIndirectLoans" xlink:label="bap_OffBalanceSheetIndirectLoans" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OffBalanceSheetIndirectLoans" xlink:to="bap_OffBalanceSheetIndirectLoans_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_OffBalanceSheetIndirectLoans_lbl" xml:lang="en-US">The amout of indirect loans those are not recorded in the balance sheet since they are off-balance sheet items.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OffBalanceSheetIndirectLoans_lbl" xml:lang="en-US">Off balance sheet indirect loans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_OffBalanceSheetIndirectLoans_lbl" xml:lang="en-US">Indirect loans, Note 21(a)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_OffBalanceSheetIndirectLoans_lbl" xml:lang="en-US">Indirect loans, Note 20</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BankAcceptanceAssets" xlink:label="ifrs-full_BankAcceptanceAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BankAcceptanceAssets" xlink:to="ifrs-full_BankAcceptanceAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BankAcceptanceAssets_lbl" xml:lang="en-US">Bank acceptance assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_BankAcceptanceAssets_lbl" xml:lang="en-US">Banker's acceptances outstanding</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TotalGrossBalanceOfLoans" xlink:label="bap_TotalGrossBalanceOfLoans" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TotalGrossBalanceOfLoans" xlink:to="bap_TotalGrossBalanceOfLoans_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TotalGrossBalanceOfLoans_lbl" xml:lang="en-US">The gross amount of loans including internally overdue loans.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TotalGrossBalanceOfLoans_lbl" xml:lang="en-US">Total Gross Balance Of Loans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="bap_TotalGrossBalanceOfLoans_lbl" xml:lang="en-US">Total</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfLoansNetTable" xlink:label="bap_DisclosureOfLoansNetTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfLoansNetTable" xlink:to="bap_DisclosureOfLoansNetTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfLoansNetTable_lbl" xml:lang="en-US">Disclosure of Loans, Net [Table]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CorporateLoansMember" xlink:label="ifrs-full_CorporateLoansMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CorporateLoansMember" xlink:to="ifrs-full_CorporateLoansMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CorporateLoansMember_lbl" xml:lang="en-US">Corporate Loans [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CorporateLoansMember_lbl" xml:lang="en-US">Commercial loans [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MortgageLoanMember" xlink:label="bap_MortgageLoanMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MortgageLoanMember" xlink:to="bap_MortgageLoanMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MortgageLoanMember_lbl" xml:lang="en-US">Mortgage Loan [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MortgageLoanMember_lbl" xml:lang="en-US">Residential mortgage loans [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MicroBusinessLoanMember" xlink:label="bap_MicroBusinessLoanMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MicroBusinessLoanMember" xlink:to="bap_MicroBusinessLoanMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MicroBusinessLoanMember_lbl" xml:lang="en-US">Micro Business Loan [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MicroBusinessLoanMember_lbl" xml:lang="en-US">Micro-business loans [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ConsumerLoansMember" xlink:label="ifrs-full_ConsumerLoansMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ConsumerLoansMember" xlink:to="ifrs-full_ConsumerLoansMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ConsumerLoansMember_lbl" xml:lang="en-US">Consumer Loans [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ConsumerLoansMember_lbl" xml:lang="en-US">Consumer loans [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_StagesOfLoansReceivablesAxis" xlink:label="bap_StagesOfLoansReceivablesAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_StagesOfLoansReceivablesAxis" xlink:to="bap_StagesOfLoansReceivablesAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_StagesOfLoansReceivablesAxis_lbl" xml:lang="en-US">Stages of Loans Receivables</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_StagesOfLoansReceivablesAxis_lbl" xml:lang="en-US">Stages of Loans Receivables [Axis]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_StagesOfLoansReceivablesDomain" xlink:label="bap_StagesOfLoansReceivablesDomain" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_StagesOfLoansReceivablesDomain" xlink:to="bap_StagesOfLoansReceivablesDomain_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_StagesOfLoansReceivablesDomain_lbl" xml:lang="en-US">Stages Of Loans Receivables [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_StagesOfLoansReceivablesDomain_lbl" xml:lang="en-US">Stages of Loans Receivables [Domain]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_StageOneMember" xlink:label="bap_StageOneMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_StageOneMember" xlink:to="bap_StageOneMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_StageOneMember_lbl" xml:lang="en-US">Stage one</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_StageOneMember_lbl" xml:lang="en-US">Stage One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_StageOneMember_lbl" xml:lang="en-US">Stage 1 [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_StageTwoMember" xlink:label="bap_StageTwoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_StageTwoMember" xlink:to="bap_StageTwoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_StageTwoMember_lbl" xml:lang="en-US">Stage Two</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_StageTwoMember_lbl" xml:lang="en-US">Stage Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_StageTwoMember_lbl" xml:lang="en-US">Stage 2 [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_StageThreeMember" xlink:label="bap_StageThreeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_StageThreeMember" xlink:to="bap_StageThreeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_StageThreeMember_lbl" xml:lang="en-US">Stage Three</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_StageThreeMember_lbl" xml:lang="en-US">Stage Three [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_StageThreeMember_lbl" xml:lang="en-US">Stage 3 [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ConsolidationOfAllStagesMember" xlink:label="bap_ConsolidationOfAllStagesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ConsolidationOfAllStagesMember" xlink:to="bap_ConsolidationOfAllStagesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ConsolidationOfAllStagesMember_lbl" xml:lang="en-US">Consolidation of All Stages</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ConsolidationOfAllStagesMember_lbl" xml:lang="en-US">Consolidation Of All Stages [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ConsolidationOfAllStagesMember_lbl" xml:lang="en-US">Consolidated 3 Stages [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_IfrsFinancingReceivablePortfolioSegmentAxis" xlink:label="bap_IfrsFinancingReceivablePortfolioSegmentAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_IfrsFinancingReceivablePortfolioSegmentAxis" xlink:to="bap_IfrsFinancingReceivablePortfolioSegmentAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_IfrsFinancingReceivablePortfolioSegmentAxis_lbl" xml:lang="en-US">Information by the level at which an entity develops and documents a systematic</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_IfrsFinancingReceivablePortfolioSegmentAxis_lbl" xml:lang="en-US">Ifrs Financing Receivable Portfolio Segment [Axis]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SegmentOfPortfolioLoansMember" xlink:label="bap_SegmentOfPortfolioLoansMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SegmentOfPortfolioLoansMember" xlink:to="bap_SegmentOfPortfolioLoansMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SegmentOfPortfolioLoansMember_lbl" xml:lang="en-US">Segment of Portfolio Loans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SegmentOfPortfolioLoansMember_lbl" xml:lang="en-US">Segment Of Portfolio Loans [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SegmentOfPortfolioLoansMember_lbl" xml:lang="en-US">Segment of Portfolio Loans [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PortfolioOfDirectLoansMember" xlink:label="bap_PortfolioOfDirectLoansMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PortfolioOfDirectLoansMember" xlink:to="bap_PortfolioOfDirectLoansMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PortfolioOfDirectLoansMember_lbl" xml:lang="en-US">Portfolio of Direct Loans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PortfolioOfDirectLoansMember_lbl" xml:lang="en-US">Portfolio Of Direct Loans [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PortfolioOfDirectLoansMember_lbl" xml:lang="en-US">Portfolio of Direct Loans [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfLoansNetLineItems" xlink:label="bap_DisclosureOfLoansNetLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfLoansNetLineItems" xlink:to="bap_DisclosureOfLoansNetLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfLoansNetLineItems_lbl" xml:lang="en-US">Disclosure of Loans, Net [Line Items]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DirectGrossLoans" xlink:label="bap_DirectGrossLoans" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DirectGrossLoans" xlink:to="bap_DirectGrossLoans_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DirectGrossLoans_lbl" xml:lang="en-US">The gross amount of direct loans including internally overdue loans.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DirectGrossLoans_lbl" xml:lang="en-US">Direct gross loans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="bap_DirectGrossLoans_lbl" xml:lang="en-US">Balances at the end of the period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="bap_DirectGrossLoans_lbl" xml:lang="en-US">Balances at the beginning of the period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DirectGrossLoans_lbl" xml:lang="en-US">Total gross direct credits</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="bap_DirectGrossLoans_lbl" xml:lang="en-US">Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DirectGrossLoans_lbl" xml:lang="en-US">Gross</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TransferToStageOne" xlink:label="bap_TransferToStageOne" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TransferToStageOne" xlink:to="bap_TransferToStageOne_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TransferToStageOne_lbl" xml:lang="en-US">Transfer to Stage One</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TransferToStageOne_lbl" xml:lang="en-US">Transfer to Stage One</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_TransferToStageOne_lbl" xml:lang="en-US">Transfer to Stage 1</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TransferToStageTwo" xlink:label="bap_TransferToStageTwo" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TransferToStageTwo" xlink:to="bap_TransferToStageTwo_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TransferToStageTwo_lbl" xml:lang="en-US">Transfer from Levell 1 to Level 2</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TransferToStageTwo_lbl" xml:lang="en-US">Transfer to Stage Two</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_TransferToStageTwo_lbl" xml:lang="en-US">Transfer to Stage 2</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TransferToStageTHREE" xlink:label="bap_TransferToStageTHREE" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TransferToStageTHREE" xlink:to="bap_TransferToStageTHREE_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TransferToStageTHREE_lbl" xml:lang="en-US">Transfer to Stage 3</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TransferToStageTHREE_lbl" xml:lang="en-US">Transfer to Stage THREE</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_TransferToStageTHREE_lbl" xml:lang="en-US">Transfer to Stage 3</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TransferFromStageOne" xlink:label="bap_TransferFromStageOne" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TransferFromStageOne" xlink:to="bap_TransferFromStageOne_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TransferFromStageOne_lbl" xml:lang="en-US">Trasfer from Stage one</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TransferFromStageOne_lbl" xml:lang="en-US">Transfer From Stage One</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_TransferFromStageOne_lbl" xml:lang="en-US">Transfer from Stage 1</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TransferFromStageTwo" xlink:label="bap_TransferFromStageTwo" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TransferFromStageTwo" xlink:to="bap_TransferFromStageTwo_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TransferFromStageTwo_lbl" xml:lang="en-US">Trasfer from Stage 3</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TransferFromStageTwo_lbl" xml:lang="en-US">Transfer From Stage two</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_TransferFromStageTwo_lbl" xml:lang="en-US">Transfer from Stage 2</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TransferFromStageThree" xlink:label="bap_TransferFromStageThree" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TransferFromStageThree" xlink:to="bap_TransferFromStageThree_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TransferFromStageThree_lbl" xml:lang="en-US">Trasfer from Stage 3</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TransferFromStageThree_lbl" xml:lang="en-US">Transfer From Stage Three</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_TransferFromStageThree_lbl" xml:lang="en-US">Transfer from Stage 3</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TransferBetweenClasssesOfLoans" xlink:label="bap_TransferBetweenClasssesOfLoans" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TransferBetweenClasssesOfLoans" xlink:to="bap_TransferBetweenClasssesOfLoans_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TransferBetweenClasssesOfLoans_lbl" xml:lang="en-US">Transfer between class of loans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TransferBetweenClasssesOfLoans_lbl" xml:lang="en-US">Transfer Between Classses of Loans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_TransferBetweenClasssesOfLoans_lbl" xml:lang="en-US">Transfers between classes of loans</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_NewLoansAcquiredAndLiquidationNet" xlink:label="bap_NewLoansAcquiredAndLiquidationNet" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_NewLoansAcquiredAndLiquidationNet" xlink:to="bap_NewLoansAcquiredAndLiquidationNet_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_NewLoansAcquiredAndLiquidationNet_lbl" xml:lang="en-US">New Loans Acquired and Liquidation Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_NewLoansAcquiredAndLiquidationNet_lbl" xml:lang="en-US">New Loans Acquired and Liquidation Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_NewLoansAcquiredAndLiquidationNet_lbl" xml:lang="en-US">New loans and liquidation, net</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ChangeInPdLgdEad" xlink:label="bap_ChangeInPdLgdEad" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ChangeInPdLgdEad" xlink:to="bap_ChangeInPdLgdEad_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ChangeInPdLgdEad_lbl" xml:lang="en-US">Amount of change in PDs, LGDs, EADs.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ChangeInPdLgdEad_lbl" xml:lang="en-US">Change in PD, LGD, EAD</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ChangeInPdLgdEad_lbl" xml:lang="en-US">Change in PDs, LGDs, EADs</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_NewLoansLiquidationAndWriteOffsNet" xlink:label="bap_NewLoansLiquidationAndWriteOffsNet" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_NewLoansLiquidationAndWriteOffsNet" xlink:to="bap_NewLoansLiquidationAndWriteOffsNet_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_NewLoansLiquidationAndWriteOffsNet_lbl" xml:lang="en-US">Represents the Information pertaining to New loans, liquidation and write-offs, net.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_NewLoansLiquidationAndWriteOffsNet_lbl" xml:lang="en-US">New loans, liquidation and write-offs, net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_NewLoansLiquidationAndWriteOffsNet_lbl" xml:lang="en-US">New loans, liquidation and write-offs, net</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReversalAllowanceAccountForCreditLossesOfFinancialAssets" xlink:label="ifrs-full_ReversalAllowanceAccountForCreditLossesOfFinancialAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReversalAllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="ifrs-full_ReversalAllowanceAccountForCreditLossesOfFinancialAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReversalAllowanceAccountForCreditLossesOfFinancialAssets_lbl" xml:lang="en-US">Reversal, allowance account for credit losses of financial assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ReversalAllowanceAccountForCreditLossesOfFinancialAssets_lbl" xml:lang="en-US">Write-offs</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_ReversalAllowanceAccountForCreditLossesOfFinancialAssets_lbl" xml:lang="en-US">Loan portfolio written-off</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SaleOfLoanPortfolio" xlink:label="bap_SaleOfLoanPortfolio" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SaleOfLoanPortfolio" xlink:to="bap_SaleOfLoanPortfolio_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SaleOfLoanPortfolio_lbl" xml:lang="en-US">Sales of Loans Port folio</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SaleOfLoanPortfolio_lbl" xml:lang="en-US">Sale of Loan Portfolio</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_SaleOfLoanPortfolio_lbl" xml:lang="en-US">Sale of loan portfolio</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ExchangesDifferencesInDirectGrossLoans" xlink:label="bap_ExchangesDifferencesInDirectGrossLoans" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ExchangesDifferencesInDirectGrossLoans" xlink:to="bap_ExchangesDifferencesInDirectGrossLoans_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ExchangesDifferencesInDirectGrossLoans_lbl" xml:lang="en-US">Exchange Differences</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ExchangesDifferencesInDirectGrossLoans_lbl" xml:lang="en-US">Exchanges Differences In Direct Gross Loans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_ExchangesDifferencesInDirectGrossLoans_lbl" xml:lang="en-US">Exchange differences and others</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AcquisitionOfBusiness" xlink:label="bap_AcquisitionOfBusiness" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AcquisitionOfBusiness" xlink:to="bap_AcquisitionOfBusiness_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AcquisitionOfBusiness_lbl" xml:lang="en-US">Represents the Information pertaining to Acquisition of business.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AcquisitionOfBusiness_lbl" xml:lang="en-US">Acquisition of business</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PortfolioOfDirectAndIndirectLoansMember" xlink:label="bap_PortfolioOfDirectAndIndirectLoansMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PortfolioOfDirectAndIndirectLoansMember" xlink:to="bap_PortfolioOfDirectAndIndirectLoansMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PortfolioOfDirectAndIndirectLoansMember_lbl" xml:lang="en-US">Portfolio of Direct and Indirect Loans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PortfolioOfDirectAndIndirectLoansMember_lbl" xml:lang="en-US">Portfolio Of Direct And Indirect Loans [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PortfolioOfDirectAndIndirectLoansMember_lbl" xml:lang="en-US">Portfolio of Direct and Indirect Loans [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets" xlink:label="ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets_lbl" xml:lang="en-US">Allowance account for credit losses of financial assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets_lbl" xml:lang="en-US">Balances at the end of the period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets_lbl" xml:lang="en-US">Balances at the beginning of the period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets_lbl" xml:lang="en-US">Allowance for loan losses</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ChangesInPDsAndLGDs" xlink:label="bap_ChangesInPDsAndLGDs" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ChangesInPDsAndLGDs" xlink:to="bap_ChangesInPDsAndLGDs_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ChangesInPDsAndLGDs_lbl" xml:lang="en-US">Changes in Allowance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ChangesInPDsAndLGDs_lbl" xml:lang="en-US">Changes in PDs and LGDs</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_ChangesInPDsAndLGDs_lbl" xml:lang="en-US">Changes in PDs, LGDs, EADs</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NotLaterThanOneYearMember" xlink:label="ifrs-full_NotLaterThanOneYearMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NotLaterThanOneYearMember" xlink:to="ifrs-full_NotLaterThanOneYearMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NotLaterThanOneYearMember_lbl" xml:lang="en-US">Not Later Than One Year [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NotLaterThanOneYearMember_lbl" xml:lang="en-US">2021</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LaterThanThreeMonthsMember" xlink:label="ifrs-full_LaterThanThreeMonthsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanThreeMonthsMember" xlink:to="ifrs-full_LaterThanThreeMonthsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanThreeMonthsMember_lbl" xml:lang="en-US">Later Than Three Months [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanThreeMonthsMember_lbl" xml:lang="en-US">Up to 3 months</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InternalOverdueLoansAbstract" xlink:label="bap_InternalOverdueLoansAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InternalOverdueLoansAbstract" xlink:to="bap_InternalOverdueLoansAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InternalOverdueLoansAbstract_lbl" xml:lang="en-US">Internal overdue loans [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_InternalOverdueLoansAbstract_lbl" xml:lang="en-US">Internal overdue loans -</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TypeOfProgramAxis" xlink:label="bap_TypeOfProgramAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TypeOfProgramAxis" xlink:to="bap_TypeOfProgramAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TypeOfProgramAxis_lbl" xml:lang="en-US">Represents the information by type of program.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TypeOfProgramAxis_lbl" xml:lang="en-US">Type of Program [Axis]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TypeOfProgramDomain" xlink:label="bap_TypeOfProgramDomain" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TypeOfProgramDomain" xlink:to="bap_TypeOfProgramDomain_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TypeOfProgramDomain_lbl" xml:lang="en-US">Information by type of program.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TypeOfProgramDomain_lbl" xml:lang="en-US">Type Of Program [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TypeOfProgramDomain_lbl" xml:lang="en-US">Type of Program [Domain]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ReactivaPeruProgramMember" xlink:label="bap_ReactivaPeruProgramMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ReactivaPeruProgramMember" xlink:to="bap_ReactivaPeruProgramMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ReactivaPeruProgramMember_lbl" xml:lang="en-US">This member stands for Reactiva Peru program.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ReactivaPeruProgramMember_lbl" xml:lang="en-US">Reactiva Peru Program [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ReactivaPeruProgramMember_lbl" xml:lang="en-US">Reactiva Peru program</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FaeMype1Member" xlink:label="bap_FaeMype1Member" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FaeMype1Member" xlink:to="bap_FaeMype1Member_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FaeMype1Member_lbl" xml:lang="en-US">This member stands for FAE-MYPE 1.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FaeMype1Member_lbl" xml:lang="en-US">Fae Mype1 [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FaeMype1Member_lbl" xml:lang="en-US">FAE-MYPE 1</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FaeMype2Member" xlink:label="bap_FaeMype2Member" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FaeMype2Member" xlink:to="bap_FaeMype2Member_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FaeMype2Member_lbl" xml:lang="en-US">This member stands for FAE-MYPE 2.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FaeMype2Member_lbl" xml:lang="en-US">Fae Mype2 [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FaeMype2Member_lbl" xml:lang="en-US">FAE-MYPE 2</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AllowanceForDirectLoans" xlink:label="bap_AllowanceForDirectLoans" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AllowanceForDirectLoans" xlink:to="bap_AllowanceForDirectLoans_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AllowanceForDirectLoans_lbl" xml:lang="en-US">The amount of allowance for direct loans.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AllowanceForDirectLoans_lbl" xml:lang="en-US">Allowance For Direct Loans</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AllowanceForIndirectLoans" xlink:label="bap_AllowanceForIndirectLoans" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AllowanceForIndirectLoans" xlink:to="bap_AllowanceForIndirectLoans_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AllowanceForIndirectLoans_lbl" xml:lang="en-US">The amount of allowance for indirect loans.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AllowanceForIndirectLoans_lbl" xml:lang="en-US">Allowance For Indirect Loans</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AmountGranted" xlink:label="bap_AmountGranted" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AmountGranted" xlink:to="bap_AmountGranted_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AmountGranted_lbl" xml:lang="en-US">Represents the total amount granted under the program.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AmountGranted_lbl" xml:lang="en-US">Amount Granted</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AmountGranted_lbl" xml:lang="en-US">Loans granted</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_LoansReportingOperationsWithGovernmentGuarantee" xlink:label="bap_LoansReportingOperationsWithGovernmentGuarantee" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_LoansReportingOperationsWithGovernmentGuarantee" xlink:to="bap_LoansReportingOperationsWithGovernmentGuarantee_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_LoansReportingOperationsWithGovernmentGuarantee_lbl" xml:lang="en-US">Represents the amount of loans reporting operations with guarantee of the National Government.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_LoansReportingOperationsWithGovernmentGuarantee_lbl" xml:lang="en-US">Loans Reporting Operations With Government Guarantee</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_LoansReportingOperationsWithGovernmentGuarantee_lbl" xml:lang="en-US">Loans reporting operations with guarantee of the National Government</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_RescheduledLoansTerm" xlink:label="bap_RescheduledLoansTerm" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_RescheduledLoansTerm" xlink:to="bap_RescheduledLoansTerm_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_RescheduledLoansTerm_lbl" xml:lang="en-US">Represents the rescheduled loans term without incurring overdue fees and interest on capital</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_RescheduledLoansTerm_lbl" xml:lang="en-US">Rescheduled Loans Term</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_RescheduledLoansTerm_lbl" xml:lang="en-US">Rescheduled loans term without incurring overdue fees and interest on capital</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_RescheduledLoansTermWithoutIncurringOverdueFeesAndInterestOnCapital" xlink:label="bap_RescheduledLoansTermWithoutIncurringOverdueFeesAndInterestOnCapital" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_RescheduledLoansTermWithoutIncurringOverdueFeesAndInterestOnCapital" xlink:to="bap_RescheduledLoansTermWithoutIncurringOverdueFeesAndInterestOnCapital_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_RescheduledLoansTermWithoutIncurringOverdueFeesAndInterestOnCapital_lbl" xml:lang="en-US">The amount of rescheduled portfolio.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_RescheduledLoansTermWithoutIncurringOverdueFeesAndInterestOnCapital_lbl" xml:lang="en-US">Rescheduled loans term without incurring overdue fees and interest on capital</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_RescheduledLoansTermWithoutIncurringOverdueFeesAndInterestOnCapital_lbl" xml:lang="en-US">Rescheduled portfolio amounts</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DebtReprogrammingRate" xlink:label="bap_DebtReprogrammingRate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DebtReprogrammingRate" xlink:to="bap_DebtReprogrammingRate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DebtReprogrammingRate_lbl" xml:lang="en-US">Percent of debt reprogramming.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DebtReprogrammingRate_lbl" xml:lang="en-US">Debt Reprogramming Rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DebtReprogrammingRate_lbl" xml:lang="en-US">Debt reprogramming rates</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_GainOnSaleOfFinancialInvestments" xlink:label="bap_GainOnSaleOfFinancialInvestments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_GainOnSaleOfFinancialInvestments" xlink:to="bap_GainOnSaleOfFinancialInvestments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="bap_GainOnSaleOfFinancialInvestments_lbl" xml:lang="en-US">Net profit on sale of financial investments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_GainOnSaleOfFinancialInvestments_lbl" xml:lang="en-US">The gain on the disposal of investments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_GainOnSaleOfFinancialInvestments_lbl" xml:lang="en-US">Gain on sale of financial investments</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_GainsOnFinancialAssetsAtFairValue" xlink:label="bap_GainsOnFinancialAssetsAtFairValue" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_GainsOnFinancialAssetsAtFairValue" xlink:to="bap_GainsOnFinancialAssetsAtFairValue_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_GainsOnFinancialAssetsAtFairValue_lbl" xml:lang="en-US">The amount of gains on financial assets at fair value.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_GainsOnFinancialAssetsAtFairValue_lbl" xml:lang="en-US">Gains On Financial Assets At Fair Value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_GainsOnFinancialAssetsAtFairValue_lbl" xml:lang="en-US">Changes in the fair value of financial assets</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DividendsIntersetAndOthers" xlink:label="bap_DividendsIntersetAndOthers" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DividendsIntersetAndOthers" xlink:to="bap_DividendsIntersetAndOthers_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DividendsIntersetAndOthers_lbl" xml:lang="en-US">Income from dividend interest and others</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DividendsIntersetAndOthers_lbl" xml:lang="en-US">DividendsInterset And Others</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DividendsIntersetAndOthers_lbl" xml:lang="en-US">Dividends, interests and others</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReinsuranceAssets" xlink:label="ifrs-full_ReinsuranceAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReinsuranceAssets" xlink:to="ifrs-full_ReinsuranceAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReinsuranceAssets_lbl" xml:lang="en-US">Reinsurance assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_ReinsuranceAssets_lbl" xml:lang="en-US">Balances at the end of the period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_ReinsuranceAssets_lbl" xml:lang="en-US">Balances at the beginning of the period</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReceiptsFromPremiumsAndClaimsAnnuitiesAndOtherPolicyBenefits" xlink:label="ifrs-full_ReceiptsFromPremiumsAndClaimsAnnuitiesAndOtherPolicyBenefits" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReceiptsFromPremiumsAndClaimsAnnuitiesAndOtherPolicyBenefits" xlink:to="ifrs-full_ReceiptsFromPremiumsAndClaimsAnnuitiesAndOtherPolicyBenefits_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReceiptsFromPremiumsAndClaimsAnnuitiesAndOtherPolicyBenefits_lbl" xml:lang="en-US">Receipts from premiums and claims, annuities and other policy benefits</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReceiptsFromPremiumsAndClaimsAnnuitiesAndOtherPolicyBenefits_lbl" xml:lang="en-US">Reported claims of premiums ceded, Note 26</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInProvisionForUnearnedPremium" xlink:label="ifrs-full_IncreaseDecreaseInProvisionForUnearnedPremium" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseInProvisionForUnearnedPremium" xlink:to="ifrs-full_IncreaseDecreaseInProvisionForUnearnedPremium_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseInProvisionForUnearnedPremium_lbl" xml:lang="en-US">Increase (decrease) in provision for unearned premium</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseInProvisionForUnearnedPremium_lbl" xml:lang="en-US">Reserve risk in progress of premiums ceded, Note 25(a)(**)</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PremiumsAssumed" xlink:label="bap_PremiumsAssumed" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PremiumsAssumed" xlink:to="bap_PremiumsAssumed_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PremiumsAssumed_lbl" xml:lang="en-US">The amount of premiums assumed and yet to receivable.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PremiumsAssumed_lbl" xml:lang="en-US">Premiums assumed</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SettledClaimsOfPremiumsCededByFacultativeContracts" xlink:label="bap_SettledClaimsOfPremiumsCededByFacultativeContracts" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SettledClaimsOfPremiumsCededByFacultativeContracts" xlink:to="bap_SettledClaimsOfPremiumsCededByFacultativeContracts_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SettledClaimsOfPremiumsCededByFacultativeContracts_lbl" xml:lang="en-US">The amount of settled claims of premiums ceded by facultative contracts.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SettledClaimsOfPremiumsCededByFacultativeContracts_lbl" xml:lang="en-US">Settled claims of premiums ceded by facultative contracts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_SettledClaimsOfPremiumsCededByFacultativeContracts_lbl" xml:lang="en-US">Settled claims of premiums ceded by reinsurance contracts</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CollectionsAndOthersnet" xlink:label="bap_CollectionsAndOthersnet" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CollectionsAndOthersnet" xlink:to="bap_CollectionsAndOthersnet_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CollectionsAndOthersnet_lbl" xml:lang="en-US">The amount of accounts receivables from reinsurers and co-insurers reduced by collections during the period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CollectionsAndOthersnet_lbl" xml:lang="en-US">Collections and others,net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CollectionsAndOthersnet_lbl" xml:lang="en-US">Collections and others, net</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PremiumsCededForAutomaticContracts" xlink:label="bap_PremiumsCededForAutomaticContracts" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PremiumsCededForAutomaticContracts" xlink:to="bap_PremiumsCededForAutomaticContracts_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PremiumsCededForAutomaticContracts_lbl" xml:lang="en-US">Its represent amount of premiums ceded for automatic contracts.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PremiumsCededForAutomaticContracts_lbl" xml:lang="en-US">Premiums ceded for automatic contracts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PremiumsCededForAutomaticContracts_lbl" xml:lang="en-US">Premiums ceded for automatic contracts (mainly excess of loss), Note 25(a)(**)</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AcquisitionsThroughBusinessCombinationsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xlink:label="ifrs-full_AcquisitionsThroughBusinessCombinationsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AcquisitionsThroughBusinessCombinationsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xlink:to="ifrs-full_AcquisitionsThroughBusinessCombinationsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AcquisitionsThroughBusinessCombinationsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued_lbl" xml:lang="en-US">Acquisitions through business combinations, liabilities under insurance contracts and reinsurance contracts issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AcquisitionsThroughBusinessCombinationsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued_lbl" xml:lang="en-US">Premiums ceded to reinsurers in facultative contracts, Note 25(a)(**)</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xlink:label="ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xlink:to="ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued_lbl" xml:lang="en-US">Increase (decrease) through other changes, liabilities under insurance contracts and reinsurance contracts issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued_lbl" xml:lang="en-US">Coinsurance granted</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PaymentsAndOtherNet" xlink:label="bap_PaymentsAndOtherNet" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PaymentsAndOtherNet" xlink:to="bap_PaymentsAndOtherNet_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PaymentsAndOtherNet_lbl" xml:lang="en-US">Its represent amount of payments and other, net.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PaymentsAndOtherNet_lbl" xml:lang="en-US">Payments and other, net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_PaymentsAndOtherNet_lbl" xml:lang="en-US">Payments and other, net</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureofinsurancecontractsexplanatoryTable" xlink:label="bap_DisclosureofinsurancecontractsexplanatoryTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureofinsurancecontractsexplanatoryTable" xlink:to="bap_DisclosureofinsurancecontractsexplanatoryTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureofinsurancecontractsexplanatoryTable_lbl" xml:lang="en-US">DisclosureOfInsuranceContractsExplanatory [Table]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TypesOfInsuranceContractsAxis" xlink:label="ifrs-full_TypesOfInsuranceContractsAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfInsuranceContractsAxis" xlink:to="ifrs-full_TypesOfInsuranceContractsAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfInsuranceContractsAxis_lbl" xml:lang="en-US">Types of insurance contracts [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InsuranceContractsMember" xlink:label="ifrs-full_InsuranceContractsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InsuranceContractsMember" xlink:to="ifrs-full_InsuranceContractsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InsuranceContractsMember_lbl" xml:lang="en-US">Insurance Contracts [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InsuranceContractsMember_lbl" xml:lang="en-US">Insurance contracts [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InsuranceMember" xlink:label="bap_InsuranceMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InsuranceMember" xlink:to="bap_InsuranceMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InsuranceMember_lbl" xml:lang="en-US">Insurance [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InsuranceMember_lbl" xml:lang="en-US">Insurance [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureofinsurancecontractsexplanatoryLineItems" xlink:label="bap_DisclosureofinsurancecontractsexplanatoryLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureofinsurancecontractsexplanatoryLineItems" xlink:to="bap_DisclosureofinsurancecontractsexplanatoryLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureofinsurancecontractsexplanatoryLineItems_lbl" xml:lang="en-US">DisclosureOfInsuranceContractsExplanatory [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisclosureofinsurancecontractsexplanatoryLineItems_lbl" xml:lang="en-US">Disclosure Of Insurance Contracts Explanatory [Line Items]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_UnearnedPortionOfPremiumsCededToReinsurers" xlink:label="bap_UnearnedPortionOfPremiumsCededToReinsurers" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_UnearnedPortionOfPremiumsCededToReinsurers" xlink:to="bap_UnearnedPortionOfPremiumsCededToReinsurers_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_UnearnedPortionOfPremiumsCededToReinsurers_lbl" xml:lang="en-US">The unearned portion of the premiums ceded to the reinsurers.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_UnearnedPortionOfPremiumsCededToReinsurers_lbl" xml:lang="en-US">Unearned portion of premiums ceded to reinsurers</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_IncreaseDecreaseThroughCollectionsMadeToReinsurers" xlink:label="bap_IncreaseDecreaseThroughCollectionsMadeToReinsurers" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_IncreaseDecreaseThroughCollectionsMadeToReinsurers" xlink:to="bap_IncreaseDecreaseThroughCollectionsMadeToReinsurers_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_IncreaseDecreaseThroughCollectionsMadeToReinsurers_lbl" xml:lang="en-US">The amount of additions (reduction) to reinsurance assets through collections.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_IncreaseDecreaseThroughCollectionsMadeToReinsurers_lbl" xml:lang="en-US">Increase (Decrease) Through Collections Made To Reinsurers</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_IncreaseDecreaseThroughCollectionsMadeToReinsurers_lbl" xml:lang="en-US">Decrease in collections made to reinsurers</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CollectionsMadeToReinsurers" xlink:label="bap_CollectionsMadeToReinsurers" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CollectionsMadeToReinsurers" xlink:to="bap_CollectionsMadeToReinsurers_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CollectionsMadeToReinsurers_lbl" xml:lang="en-US">The amount of collections made to reinsurers.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CollectionsMadeToReinsurers_lbl" xml:lang="en-US">Collections Made To Reinsurers</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CollectionsMadeToReinsurers_lbl" xml:lang="en-US">Collections made to reinsurers</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesReinsuranceAssets" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesReinsuranceAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesReinsuranceAssets" xlink:to="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesReinsuranceAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesReinsuranceAssets_lbl" xml:lang="en-US">Increase (decrease) through net exchange differences, reinsurance assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesReinsuranceAssets_lbl" xml:lang="en-US">Adjustment by application of market rates</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesReinsuranceAssets_lbl" xml:lang="en-US">Effect of exchange difference</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfPropertyFurnitureAndEquipmentNetTable" xlink:label="bap_DisclosureOfPropertyFurnitureAndEquipmentNetTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfPropertyFurnitureAndEquipmentNetTable" xlink:to="bap_DisclosureOfPropertyFurnitureAndEquipmentNetTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfPropertyFurnitureAndEquipmentNetTable_lbl" xml:lang="en-US">The disclosure of property, furniture and equipment, net.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfPropertyFurnitureAndEquipmentNetTable_lbl" xml:lang="en-US">Disclosure of Property, Furniture And Equipment, Net [Table]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfPropertyFurnitureAndEquipmentNetLineItems" xlink:label="bap_DisclosureOfPropertyFurnitureAndEquipmentNetLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfPropertyFurnitureAndEquipmentNetLineItems" xlink:to="bap_DisclosureOfPropertyFurnitureAndEquipmentNetLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfPropertyFurnitureAndEquipmentNetLineItems_lbl" xml:lang="en-US">The disclosure of property, furniture and equipment, net.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfPropertyFurnitureAndEquipmentNetLineItems_lbl" xml:lang="en-US">Disclosure of Property, Furniture And Equipment, Net [Line Items]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ChangesInPropertyPlantAndEquipmentAbstract" xlink:label="ifrs-full_ChangesInPropertyPlantAndEquipmentAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ChangesInPropertyPlantAndEquipmentAbstract" xlink:to="ifrs-full_ChangesInPropertyPlantAndEquipmentAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ChangesInPropertyPlantAndEquipmentAbstract_lbl" xml:lang="en-US">Changes in property, plant and equipment [abstract]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:to="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment_lbl" xml:lang="en-US">Additions other than through business combinations, property, plant and equipment</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment_lbl" xml:lang="en-US">Additions</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:label="ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:to="ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment_lbl" xml:lang="en-US">Acquisitions through business combinations, property, plant and equipment</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment_lbl" xml:lang="en-US">Acquisition of business, Note 2(a)</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" xlink:to="ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment_lbl" xml:lang="en-US">Increase (decrease) through transfers, property, plant and equipment</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment_lbl" xml:lang="en-US">Transfers</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:label="ifrs-full_DepreciationPropertyPlantAndEquipment" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:to="ifrs-full_DepreciationPropertyPlantAndEquipment_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DepreciationPropertyPlantAndEquipment_lbl" xml:lang="en-US">Depreciation, property, plant and equipment</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DepreciationPropertyPlantAndEquipment_lbl" xml:lang="en-US">Depreciation for the year</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment" xlink:label="ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment" xlink:to="ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment_lbl" xml:lang="en-US">Disposals and retirements, property, plant and equipment</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment_lbl" xml:lang="en-US">Disposals and others</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfIntangibleAssetsTable" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfIntangibleAssetsTable" xlink:to="ifrs-full_DisclosureOfIntangibleAssetsTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsTable_lbl" xml:lang="en-US">Disclosure of detailed information about intangible assets [table]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfIntangibleAssetsLineItems" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfIntangibleAssetsLineItems" xlink:to="ifrs-full_DisclosureOfIntangibleAssetsLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsLineItems_lbl" xml:lang="en-US">Disclosure of detailed information about intangible assets [line items]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwill" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_IntangibleAssetsOtherThanGoodwill_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Intangible assets other than goodwill</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">End Period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Beginning Period</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Additions other than through business combinations, intangible assets other than goodwill</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Activation of intangibles in progress</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Additions</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Acquisitions through business combinations, intangible assets other than goodwill</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Acquisition of business, Note 2(a)</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Increase (decrease) through transfers, intangible assets other than goodwill</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Transfers</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Amortisation, intangible assets other than goodwill</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Amortization of the year</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisposalAndOthersIntangibleAssetsOtherThanGoodwill" xlink:label="bap_DisposalAndOthersIntangibleAssetsOtherThanGoodwill" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisposalAndOthersIntangibleAssetsOtherThanGoodwill" xlink:to="bap_DisposalAndOthersIntangibleAssetsOtherThanGoodwill_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisposalAndOthersIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">The increase decrease in disposal and others intangible assets other than goodwill resulting from disposals and retirements.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisposalAndOthersIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Disposal And Others Intangible Assets Other Than Goodwill</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="bap_DisposalAndOthersIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Disposals and others</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:label="ifrs-full_CategoriesOfRelatedPartiesAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:to="ifrs-full_CategoriesOfRelatedPartiesAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CategoriesOfRelatedPartiesAxis_lbl" xml:lang="en-US">Categories of related parties [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:label="ifrs-full_EntitysTotalForRelatedPartiesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:to="ifrs-full_EntitysTotalForRelatedPartiesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EntitysTotalForRelatedPartiesMember_lbl" xml:lang="en-US">Entitys Total For Related Parties [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EntitysTotalForRelatedPartiesMember_lbl" xml:lang="en-US">Entity's total for related parties [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CredicorpCapitalHoldingChileInversionesIMTMember" xlink:label="bap_CredicorpCapitalHoldingChileInversionesIMTMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CredicorpCapitalHoldingChileInversionesIMTMember" xlink:to="bap_CredicorpCapitalHoldingChileInversionesIMTMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CredicorpCapitalHoldingChileInversionesIMTMember_lbl" xml:lang="en-US">Credicorp Capital Holding Chile Inversiones I M T [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CredicorpCapitalHoldingChileInversionesIMTMember_lbl" xml:lang="en-US">Credicorp Capital Holding Chile - Inversiones IMT [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis" xlink:label="ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis" xlink:to="ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis_lbl" xml:lang="en-US">Classes of intangible assets and goodwill [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IntangibleAssetsAndGoodwillMember" xlink:label="ifrs-full_IntangibleAssetsAndGoodwillMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleAssetsAndGoodwillMember" xlink:to="ifrs-full_IntangibleAssetsAndGoodwillMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IntangibleAssetsAndGoodwillMember_lbl" xml:lang="en-US">Intangible Assets And Goodwill [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IntangibleAssetsAndGoodwillMember_lbl" xml:lang="en-US">Intangible assets and goodwill [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BrandNamesMember" xlink:label="ifrs-full_BrandNamesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BrandNamesMember" xlink:to="ifrs-full_BrandNamesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BrandNamesMember_lbl" xml:lang="en-US">Brand Names [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BrandNamesMember_lbl" xml:lang="en-US">Brand names [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CredicorpCapitalcolombiaSaMember" xlink:label="bap_CredicorpCapitalcolombiaSaMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CredicorpCapitalcolombiaSaMember" xlink:to="bap_CredicorpCapitalcolombiaSaMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CredicorpCapitalcolombiaSaMember_lbl" xml:lang="en-US">Credicorp Capitalcolombia Sa [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CredicorpCapitalcolombiaSaMember_lbl" xml:lang="en-US">Credicorp Capital Colombia S.A. [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FundManagerContractMember" xlink:label="bap_FundManagerContractMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FundManagerContractMember" xlink:to="bap_FundManagerContractMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FundManagerContractMember_lbl" xml:lang="en-US">Fund Manager Contract [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FundManagerContractMember_lbl" xml:lang="en-US">Fund manager contract [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfGoodwillLineItems" xlink:label="bap_DisclosureOfGoodwillLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfGoodwillLineItems" xlink:to="bap_DisclosureOfGoodwillLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfGoodwillLineItems_lbl" xml:lang="en-US">Disclosure Of Goodwill [Line Items]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Goodwill" xlink:label="ifrs-full_Goodwill" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Goodwill" xlink:to="ifrs-full_Goodwill_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Goodwill_lbl" xml:lang="en-US">Goodwill</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Goodwill_lbl" xml:lang="en-US">Book value</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xlink:label="ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xlink:to="ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections_lbl" xml:lang="en-US">Growth rate used to extrapolate cash flow projections</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections_lbl" xml:lang="en-US">Growth rate</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DiscountRateUsedInCurrentMeasurementOfFairValueLessCostsOfDisposal" xlink:label="ifrs-full_DiscountRateUsedInCurrentMeasurementOfFairValueLessCostsOfDisposal" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DiscountRateUsedInCurrentMeasurementOfFairValueLessCostsOfDisposal" xlink:to="ifrs-full_DiscountRateUsedInCurrentMeasurementOfFairValueLessCostsOfDisposal_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DiscountRateUsedInCurrentMeasurementOfFairValueLessCostsOfDisposal_lbl" xml:lang="en-US">Discount rate used in current measurement of fair value less costs of disposal</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DiscountRateUsedInCurrentMeasurementOfFairValueLessCostsOfDisposal_lbl" xml:lang="en-US">Discount rate</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ImpairmentLoss" xlink:label="ifrs-full_ImpairmentLoss" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ImpairmentLoss" xlink:to="ifrs-full_ImpairmentLoss_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ImpairmentLoss_lbl" xml:lang="en-US">Impairment loss</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_GoodwillFairValue" xlink:label="bap_GoodwillFairValue" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_GoodwillFairValue" xlink:to="bap_GoodwillFairValue_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_GoodwillFairValue_lbl" xml:lang="en-US">Represents the fair value of goodwill.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_GoodwillFairValue_lbl" xml:lang="en-US">Goodwill, Fair Value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_GoodwillFairValue_lbl" xml:lang="en-US">Estimated fair value of goodwill</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_GoodwillPaymentsPercentageYearOne" xlink:label="bap_GoodwillPaymentsPercentageYearOne" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_GoodwillPaymentsPercentageYearOne" xlink:to="bap_GoodwillPaymentsPercentageYearOne_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_GoodwillPaymentsPercentageYearOne_lbl" xml:lang="en-US">Represents the percentage of payments of goodwill in year one.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_GoodwillPaymentsPercentageYearOne_lbl" xml:lang="en-US">Goodwill Payments Percentage, Year One</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_GoodwillPaymentsPercentageYearOne_lbl" xml:lang="en-US">2021</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_GoodwillPaymentsPercentageYearTwo" xlink:label="bap_GoodwillPaymentsPercentageYearTwo" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_GoodwillPaymentsPercentageYearTwo" xlink:to="bap_GoodwillPaymentsPercentageYearTwo_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_GoodwillPaymentsPercentageYearTwo_lbl" xml:lang="en-US">Represents the percentage of payments of goodwill in year two.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_GoodwillPaymentsPercentageYearTwo_lbl" xml:lang="en-US">Goodwill Payments Percentage, Year Two</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_GoodwillPaymentsPercentageYearTwo_lbl" xml:lang="en-US">2022</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_GoodwillPaymentsPercentageYearThree" xlink:label="bap_GoodwillPaymentsPercentageYearThree" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_GoodwillPaymentsPercentageYearThree" xlink:to="bap_GoodwillPaymentsPercentageYearThree_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_GoodwillPaymentsPercentageYearThree_lbl" xml:lang="en-US">Represents the percentage of payments of goodwill in year three.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_GoodwillPaymentsPercentageYearThree_lbl" xml:lang="en-US">Goodwill Payments Percentage, Year Three</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_GoodwillPaymentsPercentageYearThree_lbl" xml:lang="en-US">2023</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_GoodwillPaymentsPercentageYearFour" xlink:label="bap_GoodwillPaymentsPercentageYearFour" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_GoodwillPaymentsPercentageYearFour" xlink:to="bap_GoodwillPaymentsPercentageYearFour_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_GoodwillPaymentsPercentageYearFour_lbl" xml:lang="en-US">Represents the percentage of payments of goodwill in year four.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_GoodwillPaymentsPercentageYearFour_lbl" xml:lang="en-US">Goodwill Payments Percentage, Year Four</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_GoodwillPaymentsPercentageYearFour_lbl" xml:lang="en-US">2024</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_GoodwillPaymentsPercentageYearFive" xlink:label="bap_GoodwillPaymentsPercentageYearFive" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_GoodwillPaymentsPercentageYearFive" xlink:to="bap_GoodwillPaymentsPercentageYearFive_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_GoodwillPaymentsPercentageYearFive_lbl" xml:lang="en-US">Represents the percentage of payments of goodwill in year five.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_GoodwillPaymentsPercentageYearFive_lbl" xml:lang="en-US">Goodwill Payments Percentage, Year Five</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_GoodwillPaymentsPercentageYearFive_lbl" xml:lang="en-US">2025</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_GoodwillPerpetualPaymentsPercentage" xlink:label="bap_GoodwillPerpetualPaymentsPercentage" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_GoodwillPerpetualPaymentsPercentage" xlink:to="bap_GoodwillPerpetualPaymentsPercentage_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_GoodwillPerpetualPaymentsPercentage_lbl" xml:lang="en-US">Represents the percentage of perpetual payments of goodwill.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_GoodwillPerpetualPaymentsPercentage_lbl" xml:lang="en-US">Goodwill Perpetual Payments Percentage</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_GoodwillPerpetualPaymentsPercentage_lbl" xml:lang="en-US">Perpetual payment</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DividendTaxRate" xlink:label="bap_DividendTaxRate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DividendTaxRate" xlink:to="bap_DividendTaxRate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DividendTaxRate_lbl" xml:lang="en-US">Represents the percentage of tax rate on dividend.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DividendTaxRate_lbl" xml:lang="en-US">Dividend Tax Rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DividendTaxRate_lbl" xml:lang="en-US">Dividend tax rate</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ExchangeRateOfColombianPesoToDollar" xlink:label="bap_ExchangeRateOfColombianPesoToDollar" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ExchangeRateOfColombianPesoToDollar" xlink:to="bap_ExchangeRateOfColombianPesoToDollar_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ExchangeRateOfColombianPesoToDollar_lbl" xml:lang="en-US">The percentage represents exchange rate of the colombian peso to the dollar.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ExchangeRateOfColombianPesoToDollar_lbl" xml:lang="en-US">Exchange Rate of the Colombian Peso to the Dollar</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ExchangeRateOfColombianPesoToDollar_lbl" xml:lang="en-US">Exchange Rate of the Colombian Peso to the Dollar</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ClosingForeignExchangeRate" xlink:label="ifrs-full_ClosingForeignExchangeRate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClosingForeignExchangeRate" xlink:to="ifrs-full_ClosingForeignExchangeRate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClosingForeignExchangeRate_lbl" xml:lang="en-US">Closing foreign exchange rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClosingForeignExchangeRate_lbl" xml:lang="en-US">Exchange rate of the Colombian Peso to the dollar</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ClosingForeignExchangeRate_lbl" xml:lang="en-US">Exchange rate published by the SBS</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsTable" xlink:label="ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsTable" xlink:to="ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsTable_lbl" xml:lang="en-US">Disclosure of quantitative information about right-of-use assets [table]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsLineItems" xlink:label="ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsLineItems" xlink:to="ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsLineItems_lbl" xml:lang="en-US">Disclosure of quantitative information about right-of-use assets [line items]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdditionsToRightofuseAssets" xlink:label="ifrs-full_AdditionsToRightofuseAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionsToRightofuseAssets" xlink:to="ifrs-full_AdditionsToRightofuseAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdditionsToRightofuseAssets_lbl" xml:lang="en-US">Additions to right-of-use assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdditionsToRightofuseAssets_lbl" xml:lang="en-US">Acquisition of business</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdditionsToRightofuseAssets_lbl" xml:lang="en-US">Additions</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AdditionsToRightOfUseAssetsFromAcquisition" xlink:label="bap_AdditionsToRightOfUseAssetsFromAcquisition" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AdditionsToRightOfUseAssetsFromAcquisition" xlink:to="bap_AdditionsToRightOfUseAssetsFromAcquisition_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AdditionsToRightOfUseAssetsFromAcquisition_lbl" xml:lang="en-US">The amount of additions to right-of-use assets from acquisition.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AdditionsToRightOfUseAssetsFromAcquisition_lbl" xml:lang="en-US">Additions to Right-of-use Assets From Acquisition</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AdditionsToRightOfUseAssetsFromAcquisition_lbl" xml:lang="en-US">Acquisition of business</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TransfersRightOfUseAsset" xlink:label="bap_TransfersRightOfUseAsset" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TransfersRightOfUseAsset" xlink:to="bap_TransfersRightOfUseAsset_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TransfersRightOfUseAsset_lbl" xml:lang="en-US">The amount of increase (decrease) to right-of-use assets from transfers.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TransfersRightOfUseAsset_lbl" xml:lang="en-US">Transfers, Right-of-use Asset</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TransfersRightOfUseAsset_lbl" xml:lang="en-US">Transfers</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisposalAndOthersRightOfUseAsset" xlink:label="bap_DisposalAndOthersRightOfUseAsset" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisposalAndOthersRightOfUseAsset" xlink:to="bap_DisposalAndOthersRightOfUseAsset_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisposalAndOthersRightOfUseAsset_lbl" xml:lang="en-US">The amount of decrease in right-of-use assets from disposal and others.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisposalAndOthersRightOfUseAsset_lbl" xml:lang="en-US">Disposal and Others, Right-of-use Asset</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisposalAndOthersRightOfUseAsset_lbl" xml:lang="en-US">Disposal and others</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_RightOfUseAssetsNetCarryingAmount" xlink:label="bap_RightOfUseAssetsNetCarryingAmount" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_RightOfUseAssetsNetCarryingAmount" xlink:to="bap_RightOfUseAssetsNetCarryingAmount_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_RightOfUseAssetsNetCarryingAmount_lbl" xml:lang="en-US">Right of use assets net carrying amount.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_RightOfUseAssetsNetCarryingAmount_lbl" xml:lang="en-US">Right of Use Assets Net Carrying Amount</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_RightOfUseAssetsNetCarryingAmount_lbl" xml:lang="en-US">Net carrying amount</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherAssetAbstract" xlink:label="bap_OtherAssetAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherAssetAbstract" xlink:to="bap_OtherAssetAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherAssetAbstract_lbl" xml:lang="en-US">Other asset [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_OtherAssetAbstract_lbl" xml:lang="en-US">Other assets -</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CategoriesOfFinancialAssetsAbstract" xlink:label="ifrs-full_CategoriesOfFinancialAssetsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CategoriesOfFinancialAssetsAbstract" xlink:to="ifrs-full_CategoriesOfFinancialAssetsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CategoriesOfFinancialAssetsAbstract_lbl" xml:lang="en-US">Categories of financial assets [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CategoriesOfFinancialAssetsAbstract_lbl" xml:lang="en-US">Financial instruments:</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_Receivables" xlink:label="bap_Receivables" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_Receivables" xlink:to="bap_Receivables_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_Receivables_lbl" xml:lang="en-US">The amount of receivables by the entity.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_Receivables_lbl" xml:lang="en-US">Receivables</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_Receivables_lbl" xml:lang="en-US">Receivables</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherDerivativeFinancialAssets" xlink:label="bap_OtherDerivativeFinancialAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherDerivativeFinancialAssets" xlink:to="bap_OtherDerivativeFinancialAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_OtherDerivativeFinancialAssets_lbl" xml:lang="en-US">The amount of other financial assets classified as derivative instruments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherDerivativeFinancialAssets_lbl" xml:lang="en-US">Other Derivative Financial Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_OtherDerivativeFinancialAssets_lbl" xml:lang="en-US">Derivatives receivable</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_RecievablesFromSaleOfInvestements" xlink:label="bap_RecievablesFromSaleOfInvestements" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_RecievablesFromSaleOfInvestements" xlink:to="bap_RecievablesFromSaleOfInvestements_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_RecievablesFromSaleOfInvestements_lbl" xml:lang="en-US">The amount of other financial assets classified as receivables from sale of invesments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_RecievablesFromSaleOfInvestements_lbl" xml:lang="en-US">Recievables From Sale of Investements</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_RecievablesFromSaleOfInvestements_lbl" xml:lang="en-US">Receivables from sale of invesments (h)</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OperationsInProcess" xlink:label="bap_OperationsInProcess" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OperationsInProcess" xlink:to="bap_OperationsInProcess_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_OperationsInProcess_lbl" xml:lang="en-US">The amount of operations which are in process capitalised for the period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OperationsInProcess_lbl" xml:lang="en-US">Operations in process</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_OperationsInProcess_lbl" xml:lang="en-US">Operations in process</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherFinancialAssets" xlink:label="ifrs-full_OtherFinancialAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherFinancialAssets" xlink:to="ifrs-full_OtherFinancialAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherFinancialAssets_lbl" xml:lang="en-US">Other financial assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherFinancialAssets_lbl" xml:lang="en-US">Other assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_OtherFinancialAssets_lbl" xml:lang="en-US">Financial instruments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OtherFinancialAssets_lbl" xml:lang="en-US">Other assets, Note 13(a)</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CategoriesOfNonFinancialAssetsAbstract" xlink:label="bap_CategoriesOfNonFinancialAssetsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CategoriesOfNonFinancialAssetsAbstract" xlink:to="bap_CategoriesOfNonFinancialAssetsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CategoriesOfNonFinancialAssetsAbstract_lbl" xml:lang="en-US">Categories of non financial assets [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_CategoriesOfNonFinancialAssetsAbstract_lbl" xml:lang="en-US">Non-financial instruments:</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DeferredFees" xlink:label="bap_DeferredFees" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DeferredFees" xlink:to="bap_DeferredFees_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DeferredFees_lbl" xml:lang="en-US">The carryingamount of deferredfees.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DeferredFees_lbl" xml:lang="en-US">Deferred fees</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DeferredFees_lbl" xml:lang="en-US">Deferred fees</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InvestmentsInAssociates" xlink:label="ifrs-full_InvestmentsInAssociates" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentsInAssociates" xlink:to="ifrs-full_InvestmentsInAssociates_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InvestmentsInAssociates_lbl" xml:lang="en-US">Investments in associates</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_InvestmentsInAssociates_lbl" xml:lang="en-US">Investment in associates</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InvestmentProperty" xlink:label="ifrs-full_InvestmentProperty" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentProperty" xlink:to="ifrs-full_InvestmentProperty_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InvestmentProperty_lbl" xml:lang="en-US">Investment property</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_InvestmentProperty_lbl" xml:lang="en-US">Ending Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_InvestmentProperty_lbl" xml:lang="en-US">Begining Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_InvestmentProperty_lbl" xml:lang="en-US">Investment properties, net</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Prepayments" xlink:label="ifrs-full_Prepayments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Prepayments" xlink:to="ifrs-full_Prepayments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Prepayments_lbl" xml:lang="en-US">Prepayments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_Prepayments_lbl" xml:lang="en-US">Income tax prepayments, net</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SeizedAssets" xlink:label="bap_SeizedAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SeizedAssets" xlink:to="bap_SeizedAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SeizedAssets_lbl" xml:lang="en-US">The amount of assets which are seized or forfeited by state.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SeizedAssets_lbl" xml:lang="en-US">Seized assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SeizedAssets_lbl" xml:lang="en-US">Adjudicated assets, net</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ImprovementsInLeasedPremises" xlink:label="bap_ImprovementsInLeasedPremises" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ImprovementsInLeasedPremises" xlink:to="bap_ImprovementsInLeasedPremises_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ImprovementsInLeasedPremises_lbl" xml:lang="en-US">The amount of improvements in leased premises.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ImprovementsInLeasedPremises_lbl" xml:lang="en-US">Improvements in Leased Premises</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ImprovementsInLeasedPremises_lbl" xml:lang="en-US">Improvements in leased premises</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ValueAddedTaxReceivables" xlink:label="ifrs-full_ValueAddedTaxReceivables" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ValueAddedTaxReceivables" xlink:to="ifrs-full_ValueAddedTaxReceivables_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ValueAddedTaxReceivables_lbl" xml:lang="en-US">Value added tax receivables</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ValueAddedTaxReceivables_lbl" xml:lang="en-US">VAT (IGV) tax credit</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MiscellaneousOtherNonfinancialAssets" xlink:label="bap_MiscellaneousOtherNonfinancialAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MiscellaneousOtherNonfinancialAssets" xlink:to="bap_MiscellaneousOtherNonfinancialAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_MiscellaneousOtherNonfinancialAssets_lbl" xml:lang="en-US">The amount of Miscellaneous other non financial assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MiscellaneousOtherNonfinancialAssets_lbl" xml:lang="en-US">Miscellaneous Other Non-financial Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_MiscellaneousOtherNonfinancialAssets_lbl" xml:lang="en-US">Others</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherNonfinancialAssets" xlink:label="ifrs-full_OtherNonfinancialAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherNonfinancialAssets" xlink:to="ifrs-full_OtherNonfinancialAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherNonfinancialAssets_lbl" xml:lang="en-US">Other non-financial assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_OtherNonfinancialAssets_lbl" xml:lang="en-US">Others Non-financial Assets</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OthersLiabilitiesAbstract" xlink:label="bap_OthersLiabilitiesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OthersLiabilitiesAbstract" xlink:to="bap_OthersLiabilitiesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OthersLiabilitiesAbstract_lbl" xml:lang="en-US">Others liabilities [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_OthersLiabilitiesAbstract_lbl" xml:lang="en-US">Other liabilities -</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CategoriesOfFinancialLiabilitiesAbstract" xlink:label="ifrs-full_CategoriesOfFinancialLiabilitiesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CategoriesOfFinancialLiabilitiesAbstract" xlink:to="ifrs-full_CategoriesOfFinancialLiabilitiesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CategoriesOfFinancialLiabilitiesAbstract_lbl" xml:lang="en-US">Categories of financial liabilities [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CategoriesOfFinancialLiabilitiesAbstract_lbl" xml:lang="en-US">Financial liabilities by type</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CategoriesOfFinancialLiabilitiesAbstract_lbl" xml:lang="en-US">Financial instruments:</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TradeAndOtherPayablesToTradeSuppliers" xlink:label="ifrs-full_TradeAndOtherPayablesToTradeSuppliers" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherPayablesToTradeSuppliers" xlink:to="ifrs-full_TradeAndOtherPayablesToTradeSuppliers_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TradeAndOtherPayablesToTradeSuppliers_lbl" xml:lang="en-US">Trade payables</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_TradeAndOtherPayablesToTradeSuppliers_lbl" xml:lang="en-US">Accounts payable</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherDerivativeFinancialLiabilities" xlink:label="bap_OtherDerivativeFinancialLiabilities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherDerivativeFinancialLiabilities" xlink:to="bap_OtherDerivativeFinancialLiabilities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_OtherDerivativeFinancialLiabilities_lbl" xml:lang="en-US">The amount of other financial liabilities classified as derivative instruments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherDerivativeFinancialLiabilities_lbl" xml:lang="en-US">Other Derivative Financial Liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_OtherDerivativeFinancialLiabilities_lbl" xml:lang="en-US">Derivatives payable</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PayablesForAcquisitionOfInvestements" xlink:label="bap_PayablesForAcquisitionOfInvestements" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PayablesForAcquisitionOfInvestements" xlink:to="bap_PayablesForAcquisitionOfInvestements_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PayablesForAcquisitionOfInvestements_lbl" xml:lang="en-US">The amount of other financial liabilities classified as payables for sale of invesments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PayablesForAcquisitionOfInvestements_lbl" xml:lang="en-US">Payables For Acquisition of Investements</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PayablesForAcquisitionOfInvestements_lbl" xml:lang="en-US">Accounts payable for acquisitions of investments (h)</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SalariesAndOtherPersonnelExpensesPayable" xlink:label="bap_SalariesAndOtherPersonnelExpensesPayable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SalariesAndOtherPersonnelExpensesPayable" xlink:to="bap_SalariesAndOtherPersonnelExpensesPayable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SalariesAndOtherPersonnelExpensesPayable_lbl" xml:lang="en-US">Them salary and other personnel expenses due to employees for services used in the entity's business.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SalariesAndOtherPersonnelExpensesPayable_lbl" xml:lang="en-US">Salaries and other personnel expenses payable</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_SalariesAndOtherPersonnelExpensesPayable_lbl" xml:lang="en-US">Salaries and other personnel expenses</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AllowanceForIndirectLoanLosses" xlink:label="bap_AllowanceForIndirectLoanLosses" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AllowanceForIndirectLoanLosses" xlink:to="bap_AllowanceForIndirectLoanLosses_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AllowanceForIndirectLoanLosses_lbl" xml:lang="en-US">The amount of allowance for indirect loan losses.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AllowanceForIndirectLoanLosses_lbl" xml:lang="en-US">Allowance For Indirect Loan Losses</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_AllowanceForIndirectLoanLosses_lbl" xml:lang="en-US">Allowance for indirect loan losses, Note 7</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AdvancesReceivedForOperationsInProcess" xlink:label="bap_AdvancesReceivedForOperationsInProcess" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AdvancesReceivedForOperationsInProcess" xlink:to="bap_AdvancesReceivedForOperationsInProcess_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AdvancesReceivedForOperationsInProcess_lbl" xml:lang="en-US">The amount of advances received by the entity before the related operations is performed.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AdvancesReceivedForOperationsInProcess_lbl" xml:lang="en-US">advances received for operations in process</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_AdvancesReceivedForOperationsInProcess_lbl" xml:lang="en-US">Operations in process</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherFinancialLiabilities" xlink:label="ifrs-full_OtherFinancialLiabilities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherFinancialLiabilities" xlink:to="ifrs-full_OtherFinancialLiabilities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherFinancialLiabilities_lbl" xml:lang="en-US">Other financial liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherFinancialLiabilities_lbl" xml:lang="en-US">Other liabilities, Note 13(a)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_OtherFinancialLiabilities_lbl" xml:lang="en-US">Other financial liabilities</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CategoriesOfNonFinancialLiabilitiesAbstract" xlink:label="bap_CategoriesOfNonFinancialLiabilitiesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CategoriesOfNonFinancialLiabilitiesAbstract" xlink:to="bap_CategoriesOfNonFinancialLiabilitiesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CategoriesOfNonFinancialLiabilitiesAbstract_lbl" xml:lang="en-US">Categories of non financial liabilities [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_CategoriesOfNonFinancialLiabilitiesAbstract_lbl" xml:lang="en-US">Non-financial instruments:</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentTaxLiabilities" xlink:label="ifrs-full_CurrentTaxLiabilities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentTaxLiabilities" xlink:to="ifrs-full_CurrentTaxLiabilities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentTaxLiabilities_lbl" xml:lang="en-US">Current tax liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CurrentTaxLiabilities_lbl" xml:lang="en-US">Taxes</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherProvisions" xlink:label="ifrs-full_OtherProvisions" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherProvisions" xlink:to="ifrs-full_OtherProvisions_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherProvisions_lbl" xml:lang="en-US">Other provisions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_OtherProvisions_lbl" xml:lang="en-US">Balances</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_OtherProvisions_lbl" xml:lang="en-US">Balance at the beginning of the year</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherProvisions_lbl" xml:lang="en-US">Provision for sundry risks</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherNonfinancialLiabilities" xlink:label="ifrs-full_OtherNonfinancialLiabilities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherNonfinancialLiabilities" xlink:to="ifrs-full_OtherNonfinancialLiabilities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherNonfinancialLiabilities_lbl" xml:lang="en-US">Other non-financial liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OtherNonfinancialLiabilities_lbl" xml:lang="en-US">Others</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_NonFinancialLiabilities" xlink:label="bap_NonFinancialLiabilities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_NonFinancialLiabilities" xlink:to="bap_NonFinancialLiabilities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_NonFinancialLiabilities_lbl" xml:lang="en-US">The amount of non financial liabilities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_NonFinancialLiabilities_lbl" xml:lang="en-US">Non financial liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="bap_NonFinancialLiabilities_lbl" xml:lang="en-US">Non financial liabilities</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfOtherAssetsAndOtherLiabilitiesTable" xlink:label="bap_DisclosureOfOtherAssetsAndOtherLiabilitiesTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfOtherAssetsAndOtherLiabilitiesTable" xlink:to="bap_DisclosureOfOtherAssetsAndOtherLiabilitiesTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfOtherAssetsAndOtherLiabilitiesTable_lbl" xml:lang="en-US">Disclosure of Other Assets And Other Liabilities [Table]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfOtherAssetsAndOtherLiabilitiesLineItems" xlink:label="bap_DisclosureOfOtherAssetsAndOtherLiabilitiesLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfOtherAssetsAndOtherLiabilitiesLineItems" xlink:to="bap_DisclosureOfOtherAssetsAndOtherLiabilitiesLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfOtherAssetsAndOtherLiabilitiesLineItems_lbl" xml:lang="en-US">Disclosure of Other Assets And Other Liabilities [Line Items]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DerivativeFinancialAssets" xlink:label="ifrs-full_DerivativeFinancialAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DerivativeFinancialAssets" xlink:to="ifrs-full_DerivativeFinancialAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="ifrs-full_DerivativeFinancialAssets_lbl" xml:lang="en-US">Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DerivativeFinancialAssets_lbl" xml:lang="en-US">Derivative financial assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DerivativeFinancialAssets_lbl" xml:lang="en-US">Assets</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DerivativeFinancialLiabilities" xlink:label="ifrs-full_DerivativeFinancialLiabilities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DerivativeFinancialLiabilities" xlink:to="ifrs-full_DerivativeFinancialLiabilities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="ifrs-full_DerivativeFinancialLiabilities_lbl" xml:lang="en-US">Liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DerivativeFinancialLiabilities_lbl" xml:lang="en-US">Derivative financial liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DerivativeFinancialLiabilities_lbl" xml:lang="en-US">Liabilities</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DescriptionOfDerivativeInstumentMaturityPeriod" xlink:label="bap_DescriptionOfDerivativeInstumentMaturityPeriod" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DescriptionOfDerivativeInstumentMaturityPeriod" xlink:to="bap_DescriptionOfDerivativeInstumentMaturityPeriod_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DescriptionOfDerivativeInstumentMaturityPeriod_lbl" xml:lang="en-US">The description relates to maturity of derivatives instrument.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DescriptionOfDerivativeInstumentMaturityPeriod_lbl" xml:lang="en-US">Description of derivative instument maturity period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DescriptionOfDerivativeInstumentMaturityPeriod_lbl" xml:lang="en-US">Maturity</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DescriptionOfRelatedInstruments" xlink:label="bap_DescriptionOfRelatedInstruments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DescriptionOfRelatedInstruments" xlink:to="bap_DescriptionOfRelatedInstruments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DescriptionOfRelatedInstruments_lbl" xml:lang="en-US">The description relating to instruments related to derivative contracts.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DescriptionOfRelatedInstruments_lbl" xml:lang="en-US">Description of related instruments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DescriptionOfRelatedInstruments_lbl" xml:lang="en-US">Related instruments</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ForwardForeignExchangeContractsMember" xlink:label="bap_ForwardForeignExchangeContractsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ForwardForeignExchangeContractsMember" xlink:to="bap_ForwardForeignExchangeContractsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ForwardForeignExchangeContractsMember_lbl" xml:lang="en-US">Forward Foreign Exchange Contracts [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ForwardForeignExchangeContractsMember_lbl" xml:lang="en-US">Forward foreign exchange contracts</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestRateSwapContractMember" xlink:label="ifrs-full_InterestRateSwapContractMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestRateSwapContractMember" xlink:to="ifrs-full_InterestRateSwapContractMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestRateSwapContractMember_lbl" xml:lang="en-US">Interest Rate Swap Contract [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InterestRateSwapContractMember_lbl" xml:lang="en-US">Interest rate swap</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrencySwapContractMember" xlink:label="ifrs-full_CurrencySwapContractMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrencySwapContractMember" xlink:to="ifrs-full_CurrencySwapContractMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrencySwapContractMember_lbl" xml:lang="en-US">Currency Swap Contract [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrencySwapContractMember_lbl" xml:lang="en-US">Currency swaps</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ForeignExchangeOptionContractsMember" xlink:label="bap_ForeignExchangeOptionContractsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ForeignExchangeOptionContractsMember" xlink:to="bap_ForeignExchangeOptionContractsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ForeignExchangeOptionContractsMember_lbl" xml:lang="en-US">Foreign Exchange Option Contracts [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ForeignExchangeOptionContractsMember_lbl" xml:lang="en-US">Foreign exchange options</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TotalAssetsMember" xlink:label="bap_TotalAssetsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TotalAssetsMember" xlink:to="bap_TotalAssetsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TotalAssetsMember_lbl" xml:lang="en-US">Total Assets [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TotalAssetsMember_lbl" xml:lang="en-US">Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:label="ifrs-full_ClassesOfFinancialLiabilitiesAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:to="ifrs-full_ClassesOfFinancialLiabilitiesAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfFinancialLiabilitiesAxis_lbl" xml:lang="en-US">Classes of financial liabilities [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialLiabilitiesMember" xlink:label="ifrs-full_FinancialLiabilitiesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialLiabilitiesMember" xlink:to="ifrs-full_FinancialLiabilitiesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialLiabilitiesMember_lbl" xml:lang="en-US">Financial Liabilities [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialLiabilitiesMember_lbl" xml:lang="en-US">Financial liabilities, class [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TotalLiabilitiesMember" xlink:label="bap_TotalLiabilitiesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TotalLiabilitiesMember" xlink:to="bap_TotalLiabilitiesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TotalLiabilitiesMember_lbl" xml:lang="en-US">Total Liabilities [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TotalLiabilitiesMember_lbl" xml:lang="en-US">Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TypesOfHedgesAxis" xlink:label="ifrs-full_TypesOfHedgesAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfHedgesAxis" xlink:to="ifrs-full_TypesOfHedgesAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfHedgesAxis_lbl" xml:lang="en-US">Types of hedges [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TypesOfHedgesMember" xlink:label="ifrs-full_TypesOfHedgesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfHedgesMember" xlink:to="ifrs-full_TypesOfHedgesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfHedgesMember_lbl" xml:lang="en-US">Types Of Hedges [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TypesOfHedgesMember_lbl" xml:lang="en-US">Hedges [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TotalMember" xlink:label="bap_TotalMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TotalMember" xlink:to="bap_TotalMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TotalMember_lbl" xml:lang="en-US">Total [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TotalMember_lbl" xml:lang="en-US">Total [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_HedgingInstrumentAssets" xlink:label="ifrs-full_HedgingInstrumentAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_HedgingInstrumentAssets" xlink:to="ifrs-full_HedgingInstrumentAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_HedgingInstrumentAssets_lbl" xml:lang="en-US">Hedging instrument, assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_HedgingInstrumentAssets_lbl" xml:lang="en-US">Cash inflows (assets)</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_HedgingInstrumentLiabilities" xlink:label="ifrs-full_HedgingInstrumentLiabilities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_HedgingInstrumentLiabilities" xlink:to="ifrs-full_HedgingInstrumentLiabilities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_HedgingInstrumentLiabilities_lbl" xml:lang="en-US">Hedging instrument, liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_HedgingInstrumentLiabilities_lbl" xml:lang="en-US">Cash outflows (liabilities)</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax" xlink:label="ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax" xlink:to="ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax_lbl" xml:lang="en-US">Gains (losses) on cash flow hedges, before tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax_lbl" xml:lang="en-US">Consolidated statement of income</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LandMember" xlink:label="ifrs-full_LandMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LandMember" xlink:to="ifrs-full_LandMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LandMember_lbl" xml:lang="en-US">Land [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LandMember_lbl" xml:lang="en-US">Land [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:label="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:to="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_lbl" xml:lang="en-US">Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CarryingAmountMember" xlink:label="ifrs-full_CarryingAmountMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CarryingAmountMember" xlink:to="ifrs-full_CarryingAmountMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CarryingAmountMember_lbl" xml:lang="en-US">Carrying Amount [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CarryingAmountMember_lbl" xml:lang="en-US">Carrying amount [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GrossCarryingAmountMember" xlink:label="ifrs-full_GrossCarryingAmountMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GrossCarryingAmountMember" xlink:to="ifrs-full_GrossCarryingAmountMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GrossCarryingAmountMember_lbl" xml:lang="en-US">Gross Carrying Amount [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GrossCarryingAmountMember_lbl" xml:lang="en-US">Cost</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AccumulatedDepreciationAndAmortisationMember" xlink:label="ifrs-full_AccumulatedDepreciationAndAmortisationMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AccumulatedDepreciationAndAmortisationMember" xlink:to="ifrs-full_AccumulatedDepreciationAndAmortisationMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AccumulatedDepreciationAndAmortisationMember_lbl" xml:lang="en-US">Accumulated Depreciation And Amortisation [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AccumulatedDepreciationAndAmortisationMember_lbl" xml:lang="en-US">Accumulated depreciation</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ChangesInInvestmentPropertyAbstract" xlink:label="ifrs-full_ChangesInInvestmentPropertyAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ChangesInInvestmentPropertyAbstract" xlink:to="ifrs-full_ChangesInInvestmentPropertyAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ChangesInInvestmentPropertyAbstract_lbl" xml:lang="en-US">Changes in investment property [abstract]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdditionsOtherThanThroughBusinessCombinationsInvestmentProperty" xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsInvestmentProperty" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsInvestmentProperty" xlink:to="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsInvestmentProperty_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsInvestmentProperty_lbl" xml:lang="en-US">Additions other than through business combinations, investment property</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsInvestmentProperty_lbl" xml:lang="en-US">Additions</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DecreaseThroughClassifiedAsHeldForSaleInvestmentProperty" xlink:label="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleInvestmentProperty" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleInvestmentProperty" xlink:to="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleInvestmentProperty_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleInvestmentProperty_lbl" xml:lang="en-US">Decrease through classified as held for sale, investment property</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleInvestmentProperty_lbl" xml:lang="en-US">Sales</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisposalsInvestmentProperty" xlink:label="ifrs-full_DisposalsInvestmentProperty" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisposalsInvestmentProperty" xlink:to="ifrs-full_DisposalsInvestmentProperty_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisposalsInvestmentProperty_lbl" xml:lang="en-US">Disposals, investment property</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DisposalsInvestmentProperty_lbl" xml:lang="en-US">Disposals and other</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DepreciationInvestmentProperty" xlink:label="ifrs-full_DepreciationInvestmentProperty" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DepreciationInvestmentProperty" xlink:to="ifrs-full_DepreciationInvestmentProperty_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DepreciationInvestmentProperty_lbl" xml:lang="en-US">Depreciation, investment property</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DepreciationInvestmentProperty_lbl" xml:lang="en-US">Depreciation for the year</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProvisionUsedOtherProvisions" xlink:label="ifrs-full_ProvisionUsedOtherProvisions" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProvisionUsedOtherProvisions" xlink:to="ifrs-full_ProvisionUsedOtherProvisions_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProvisionUsedOtherProvisions_lbl" xml:lang="en-US">Provision used, other provisions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProvisionUsedOtherProvisions_lbl" xml:lang="en-US">Provision, Note 29</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ChangesInOtherProvisions" xlink:label="ifrs-full_ChangesInOtherProvisions" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ChangesInOtherProvisions" xlink:to="ifrs-full_ChangesInOtherProvisions_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ChangesInOtherProvisions_lbl" xml:lang="en-US">Increase (decrease) in other provisions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ChangesInOtherProvisions_lbl" xml:lang="en-US">Increase (decrease), net</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax" xlink:label="ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax" xlink:to="ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax_lbl" xml:lang="en-US">Gains (losses) on cash flow hedges, net of tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/presentationGuidance" xlink:label="ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax_lbl" xml:lang="en-US">Change in net unrealized gains on cash flow hedges</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax_lbl" xml:lang="en-US">Net (losses) gains on cash flow hedges</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdditionsFromAcquisitionsInvestmentProperty" xlink:label="ifrs-full_AdditionsFromAcquisitionsInvestmentProperty" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionsFromAcquisitionsInvestmentProperty" xlink:to="ifrs-full_AdditionsFromAcquisitionsInvestmentProperty_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdditionsFromAcquisitionsInvestmentProperty_lbl" xml:lang="en-US">Additions from acquisitions, investment property</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdditionsFromAcquisitionsInvestmentProperty_lbl" xml:lang="en-US">Additions correspond to the acquisition</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ImpairmentNetCarryingAmount" xlink:label="bap_ImpairmentNetCarryingAmount" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ImpairmentNetCarryingAmount" xlink:to="bap_ImpairmentNetCarryingAmount_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ImpairmentNetCarryingAmount_lbl" xml:lang="en-US">Amount of it investment properties is greater than their net carrying amount.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ImpairmentNetCarryingAmount_lbl" xml:lang="en-US">impairment net carrying amount</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisbursementForImprovementsOfBuildings" xlink:label="bap_DisbursementForImprovementsOfBuildings" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisbursementForImprovementsOfBuildings" xlink:to="bap_DisbursementForImprovementsOfBuildings_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisbursementForImprovementsOfBuildings_lbl" xml:lang="en-US">Represents the amount of disbursements for the improvements of buildings.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisbursementForImprovementsOfBuildings_lbl" xml:lang="en-US">Disbursement for Improvements of Buildings</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisbursementForImprovementsOfBuildings_lbl" xml:lang="en-US">Disbursements for the improvements of buildings</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisposalCostOnSalesOfInvestmentProperty" xlink:label="bap_DisposalCostOnSalesOfInvestmentProperty" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisposalCostOnSalesOfInvestmentProperty" xlink:to="bap_DisposalCostOnSalesOfInvestmentProperty_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisposalCostOnSalesOfInvestmentProperty_lbl" xml:lang="en-US">Represents the disposal cost on sale of investment property.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisposalCostOnSalesOfInvestmentProperty_lbl" xml:lang="en-US">Disposal Cost on Sales of Investment Property</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisposalCostOnSalesOfInvestmentProperty_lbl" xml:lang="en-US">Disposal cost</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentAdvancesToSuppliers" xlink:label="ifrs-full_CurrentAdvancesToSuppliers" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentAdvancesToSuppliers" xlink:to="ifrs-full_CurrentAdvancesToSuppliers_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentAdvancesToSuppliers_lbl" xml:lang="en-US">Current advances to suppliers</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MarginCallForDerivatives" xlink:label="bap_MarginCallForDerivatives" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MarginCallForDerivatives" xlink:to="bap_MarginCallForDerivatives_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_MarginCallForDerivatives_lbl" xml:lang="en-US">The amount of margin call for derivatives as of balance sheet date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MarginCallForDerivatives_lbl" xml:lang="en-US">Margin Call for Derivatives</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MarginCallForDerivatives_lbl" xml:lang="en-US">Margin call for derivatives</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_WorksForTaxes" xlink:label="bap_WorksForTaxes" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_WorksForTaxes" xlink:to="bap_WorksForTaxes_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_WorksForTaxes_lbl" xml:lang="en-US">The amount of works for taxes as of balance sheet date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_WorksForTaxes_lbl" xml:lang="en-US">Works For Taxes</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_WorksForTaxes_lbl" xml:lang="en-US">Works for taxes</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_VisaAccountForPaymentsToEstablishments" xlink:label="bap_VisaAccountForPaymentsToEstablishments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_VisaAccountForPaymentsToEstablishments" xlink:to="bap_VisaAccountForPaymentsToEstablishments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_VisaAccountForPaymentsToEstablishments_lbl" xml:lang="en-US">The amount of visa account for payments to establishments as of balance sheet date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_VisaAccountForPaymentsToEstablishments_lbl" xml:lang="en-US">Visa Account For Payments To Establishments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_VisaAccountForPaymentsToEstablishments_lbl" xml:lang="en-US">Visa account for payments to establishments</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReceivablesFromTaxesOtherThanIncomeTax" xlink:label="ifrs-full_ReceivablesFromTaxesOtherThanIncomeTax" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReceivablesFromTaxesOtherThanIncomeTax" xlink:to="ifrs-full_ReceivablesFromTaxesOtherThanIncomeTax_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReceivablesFromTaxesOtherThanIncomeTax_lbl" xml:lang="en-US">Receivables from taxes other than income tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReceivablesFromTaxesOtherThanIncomeTax_lbl" xml:lang="en-US">Taxes paid on account from third parties and other accounts receivable related to taxes</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AccountsReceivableFromDeferredCurrencySale" xlink:label="bap_AccountsReceivableFromDeferredCurrencySale" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AccountsReceivableFromDeferredCurrencySale" xlink:to="bap_AccountsReceivableFromDeferredCurrencySale_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AccountsReceivableFromDeferredCurrencySale_lbl" xml:lang="en-US">The amount of accounts receivable from deferred currency sale as of balance sheet date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AccountsReceivableFromDeferredCurrencySale_lbl" xml:lang="en-US">Accounts Receivable From Deferred Currency Sale</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AccountsReceivableFromDeferredCurrencySale_lbl" xml:lang="en-US">Accounts receivable from deferred currency sale</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_Ifrs_DividendsReceivable" xlink:label="bap_Ifrs_DividendsReceivable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_Ifrs_DividendsReceivable" xlink:to="bap_Ifrs_DividendsReceivable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_Ifrs_DividendsReceivable_lbl" xml:lang="en-US">The amount of dividend recognised as a receivable as of balance sheet date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_Ifrs_DividendsReceivable_lbl" xml:lang="en-US">IFRS_Dividends Receivable</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_Ifrs_DividendsReceivable_lbl" xml:lang="en-US">Dividends receivable</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReceivablesDueFromAssociates" xlink:label="ifrs-full_ReceivablesDueFromAssociates" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReceivablesDueFromAssociates" xlink:to="ifrs-full_ReceivablesDueFromAssociates_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReceivablesDueFromAssociates_lbl" xml:lang="en-US">Receivables due from associates</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReceivablesDueFromAssociates_lbl" xml:lang="en-US">Accounts receivable from associate</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AccountsPayableToSuppliers" xlink:label="bap_AccountsPayableToSuppliers" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AccountsPayableToSuppliers" xlink:to="bap_AccountsPayableToSuppliers_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AccountsPayableToSuppliers_lbl" xml:lang="en-US">The amount of accounts payable to suppliers as of balance sheet date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AccountsPayableToSuppliers_lbl" xml:lang="en-US">Accounts Payable To Suppliers</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AccountsPayableToSuppliers_lbl" xml:lang="en-US">Accounts payable to suppliers</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AccountsPayableToPolicyholders" xlink:label="bap_AccountsPayableToPolicyholders" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AccountsPayableToPolicyholders" xlink:to="bap_AccountsPayableToPolicyholders_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AccountsPayableToPolicyholders_lbl" xml:lang="en-US">The amount of accounts payable to policyholders as of balance sheet date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AccountsPayableToPolicyholders_lbl" xml:lang="en-US">Accounts Payable To Policyholders</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AccountsPayableToPolicyholders_lbl" xml:lang="en-US">Accounts payable to policyholders</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AccountsPayableToIntermediaries" xlink:label="bap_AccountsPayableToIntermediaries" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AccountsPayableToIntermediaries" xlink:to="bap_AccountsPayableToIntermediaries_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AccountsPayableToIntermediaries_lbl" xml:lang="en-US">The amount of accounts payable to intermediaries as of balance sheet date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AccountsPayableToIntermediaries_lbl" xml:lang="en-US">Accounts Payable To Intermediaries</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AccountsPayableForPurchaseOfDeferredForeignCurrency" xlink:label="bap_AccountsPayableForPurchaseOfDeferredForeignCurrency" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AccountsPayableForPurchaseOfDeferredForeignCurrency" xlink:to="bap_AccountsPayableForPurchaseOfDeferredForeignCurrency_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AccountsPayableForPurchaseOfDeferredForeignCurrency_lbl" xml:lang="en-US">The amount of accounts payable for purchase of deferred foreign currency as of balance sheet date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AccountsPayableForPurchaseOfDeferredForeignCurrency_lbl" xml:lang="en-US">Accounts Payable For Purchase Of Deferred Foreign Currency</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AccountsPayableForPurchaseOfDeferredForeignCurrency_lbl" xml:lang="en-US">Accounts payable for purchase of deferred foreign currency</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AccountsPayableForPremiumsToDepositInsuranceFund" xlink:label="bap_AccountsPayableForPremiumsToDepositInsuranceFund" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AccountsPayableForPremiumsToDepositInsuranceFund" xlink:to="bap_AccountsPayableForPremiumsToDepositInsuranceFund_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AccountsPayableForPremiumsToDepositInsuranceFund_lbl" xml:lang="en-US">The amount of accounts payable for premiums to the Deposit Insurance Fund as of balance sheet date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AccountsPayableForPremiumsToDepositInsuranceFund_lbl" xml:lang="en-US">Accounts Payable For Premiums To The Deposit Insurance Fund</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AccountsPayableForPremiumsToDepositInsuranceFund_lbl" xml:lang="en-US">Accounts payable for premiums to the Deposit Insurance Fund</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InterbankOperationsToBeSettledWithBcrp" xlink:label="bap_InterbankOperationsToBeSettledWithBcrp" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InterbankOperationsToBeSettledWithBcrp" xlink:to="bap_InterbankOperationsToBeSettledWithBcrp_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_InterbankOperationsToBeSettledWithBcrp_lbl" xml:lang="en-US">The amount of interbank operations to be settled with the BCRP as of balance sheet date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InterbankOperationsToBeSettledWithBcrp_lbl" xml:lang="en-US">Interbank Operations To Be Settled With The Bcrp</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InterbankOperationsToBeSettledWithBcrp_lbl" xml:lang="en-US">Interbank operations to be settled with the BCRP</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_LiquidationFundsOfFinancieraTfc" xlink:label="bap_LiquidationFundsOfFinancieraTfc" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_LiquidationFundsOfFinancieraTfc" xlink:to="bap_LiquidationFundsOfFinancieraTfc_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_LiquidationFundsOfFinancieraTfc_lbl" xml:lang="en-US">The amount of liquidation Funds of Financiera TFC as of balance sheet date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_LiquidationFundsOfFinancieraTfc_lbl" xml:lang="en-US">Liquidation Funds Of Financiera Tfc</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_LiquidationFundsOfFinancieraTfc_lbl" xml:lang="en-US">Liquidation Funds of Financiera TFC</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_RepurchaseAgreementsToBeSettled" xlink:label="bap_RepurchaseAgreementsToBeSettled" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_RepurchaseAgreementsToBeSettled" xlink:to="bap_RepurchaseAgreementsToBeSettled_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_RepurchaseAgreementsToBeSettled_lbl" xml:lang="en-US">The amount of repurchase agreements to be settled as of balance sheet date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_RepurchaseAgreementsToBeSettled_lbl" xml:lang="en-US">Repurchase Agreements To Be Settled</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_RepurchaseAgreementsToBeSettled_lbl" xml:lang="en-US">Repurchase agreements to be settled</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AccountsPayableToAssociate" xlink:label="bap_AccountsPayableToAssociate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AccountsPayableToAssociate" xlink:to="bap_AccountsPayableToAssociate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AccountsPayableToAssociate_lbl" xml:lang="en-US">The amount of accounts payable to an associate as of balance sheet date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AccountsPayableToAssociate_lbl" xml:lang="en-US">Accounts Payable To An Associate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AccountsPayableToAssociate_lbl" xml:lang="en-US">Accounts payable to an associate</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InsurancePayableOnBehalfOfThirdParty" xlink:label="bap_InsurancePayableOnBehalfOfThirdParty" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InsurancePayableOnBehalfOfThirdParty" xlink:to="bap_InsurancePayableOnBehalfOfThirdParty_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_InsurancePayableOnBehalfOfThirdParty_lbl" xml:lang="en-US">The amount of insurance payable to an associate as of balance sheet date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InsurancePayableOnBehalfOfThirdParty_lbl" xml:lang="en-US">Insurance Payable on Behalf of Third Party</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InsurancePayableOnBehalfOfThirdParty_lbl" xml:lang="en-US">Insurance payable on behalf of third parties</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BalancesOnCurrentAccountsFromCustomers" xlink:label="ifrs-full_BalancesOnCurrentAccountsFromCustomers" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BalancesOnCurrentAccountsFromCustomers" xlink:to="ifrs-full_BalancesOnCurrentAccountsFromCustomers_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BalancesOnCurrentAccountsFromCustomers_lbl" xml:lang="en-US">Balances on current accounts from customers</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_BalancesOnCurrentAccountsFromCustomers_lbl" xml:lang="en-US">Demand deposits</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BalancesOnSavingAccountsFromCustomers" xlink:label="bap_BalancesOnSavingAccountsFromCustomers" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BalancesOnSavingAccountsFromCustomers" xlink:to="bap_BalancesOnSavingAccountsFromCustomers_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BalancesOnSavingAccountsFromCustomers_lbl" xml:lang="en-US">The amount of balances in customers' savings accounts held by the entity.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BalancesOnSavingAccountsFromCustomers_lbl" xml:lang="en-US">Balances on saving accounts from customers</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_BalancesOnSavingAccountsFromCustomers_lbl" xml:lang="en-US">Saving deposits</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BalancesOnDemandDepositsFromCustomers" xlink:label="ifrs-full_BalancesOnDemandDepositsFromCustomers" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BalancesOnDemandDepositsFromCustomers" xlink:to="ifrs-full_BalancesOnDemandDepositsFromCustomers_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BalancesOnDemandDepositsFromCustomers_lbl" xml:lang="en-US">Balances on demand deposits from customers</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BalancesOnDemandDepositsFromCustomers_lbl" xml:lang="en-US">Time deposits</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BalancesOnSeveranceIndemnityDeposits" xlink:label="bap_BalancesOnSeveranceIndemnityDeposits" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BalancesOnSeveranceIndemnityDeposits" xlink:to="bap_BalancesOnSeveranceIndemnityDeposits_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BalancesOnSeveranceIndemnityDeposits_lbl" xml:lang="en-US">The amount of balances in severance indemnity deposits held by the entity.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BalancesOnSeveranceIndemnityDeposits_lbl" xml:lang="en-US">Balances on severance indemnity deposits</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_BalancesOnSeveranceIndemnityDeposits_lbl" xml:lang="en-US">Severance indemnity deposits</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BalancesOnBanksNegotiableCertificate" xlink:label="bap_BalancesOnBanksNegotiableCertificate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BalancesOnBanksNegotiableCertificate" xlink:to="bap_BalancesOnBanksNegotiableCertificate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BalancesOnBanksNegotiableCertificate_lbl" xml:lang="en-US">The amount of balances in bank's negociable certificate held by the entity.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BalancesOnBanksNegotiableCertificate_lbl" xml:lang="en-US">Balances on bank's negotiable certificate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_BalancesOnBanksNegotiableCertificate_lbl" xml:lang="en-US">Bank's negotiable certificates</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DepositsFromCustomerExcludingAccruedInterest" xlink:label="bap_DepositsFromCustomerExcludingAccruedInterest" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DepositsFromCustomerExcludingAccruedInterest" xlink:to="bap_DepositsFromCustomerExcludingAccruedInterest_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DepositsFromCustomerExcludingAccruedInterest_lbl" xml:lang="en-US">The amount of deposit liabilities excluding accrued interest held by the entity.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DepositsFromCustomerExcludingAccruedInterest_lbl" xml:lang="en-US">Deposits from customer excluding accrued interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="bap_DepositsFromCustomerExcludingAccruedInterest_lbl" xml:lang="en-US">Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DepositsFromCustomerExcludingAccruedInterest_lbl" xml:lang="en-US">Total</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InterestPayableOnDepositsFromCustomer" xlink:label="bap_InterestPayableOnDepositsFromCustomer" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InterestPayableOnDepositsFromCustomer" xlink:to="bap_InterestPayableOnDepositsFromCustomer_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_InterestPayableOnDepositsFromCustomer_lbl" xml:lang="en-US">The amount of interest on deposits from customer recognised as a liability.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InterestPayableOnDepositsFromCustomer_lbl" xml:lang="en-US">Interest Payable On Deposits From Customer</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_InterestPayableOnDepositsFromCustomer_lbl" xml:lang="en-US">Interest payable</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDepositsAndObligationsTable" xlink:label="bap_DisclosureOfDepositsAndObligationsTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDepositsAndObligationsTable" xlink:to="bap_DisclosureOfDepositsAndObligationsTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDepositsAndObligationsTable_lbl" xml:lang="en-US">Disclosure of Deposits and Obligations [Table]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GeographicalAreasAxis" xlink:label="ifrs-full_GeographicalAreasAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GeographicalAreasAxis" xlink:to="ifrs-full_GeographicalAreasAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GeographicalAreasAxis_lbl" xml:lang="en-US">Geographical areas [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GeographicalAreasMember" xlink:label="ifrs-full_GeographicalAreasMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GeographicalAreasMember" xlink:to="ifrs-full_GeographicalAreasMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GeographicalAreasMember_lbl" xml:lang="en-US">Geographical Areas [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GeographicalAreasMember_lbl" xml:lang="en-US">Geographical areas [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InPeruMember" xlink:label="bap_InPeruMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InPeruMember" xlink:to="bap_InPeruMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InPeruMember_lbl" xml:lang="en-US">In Peru [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InPeruMember_lbl" xml:lang="en-US">In Peru [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InOtherCountriesMember" xlink:label="bap_InOtherCountriesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InOtherCountriesMember" xlink:to="bap_InOtherCountriesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InOtherCountriesMember_lbl" xml:lang="en-US">In Other Countries [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InOtherCountriesMember_lbl" xml:lang="en-US">Other countries</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDepositsAndObligationsLineItems" xlink:label="bap_DisclosureOfDepositsAndObligationsLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDepositsAndObligationsLineItems" xlink:to="bap_DisclosureOfDepositsAndObligationsLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDepositsAndObligationsLineItems_lbl" xml:lang="en-US">Disclosure of Deposits and Obligations [Line Items]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InterestBearingDeposit" xlink:label="bap_InterestBearingDeposit" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InterestBearingDeposit" xlink:to="bap_InterestBearingDeposit_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_InterestBearingDeposit_lbl" xml:lang="en-US">The amount of interest bearing deposit from customers as well as banks held by the entity.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InterestBearingDeposit_lbl" xml:lang="en-US">Interest bearing deposit</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InterestBearingDeposit_lbl" xml:lang="en-US">Interest bearing deposits</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_IfrsInsuranceTypeAndTierIdentifierAxis" xlink:label="bap_IfrsInsuranceTypeAndTierIdentifierAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_IfrsInsuranceTypeAndTierIdentifierAxis" xlink:to="bap_IfrsInsuranceTypeAndTierIdentifierAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_IfrsInsuranceTypeAndTierIdentifierAxis_lbl" xml:lang="en-US">Information by type of insurance coverage or layer of insurance that covers malpractice claims.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_IfrsInsuranceTypeAndTierIdentifierAxis_lbl" xml:lang="en-US">Ifrs Insurance Type and Tier Identifier [Axis]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_IfrsTypeAndTierIdentifierDomain" xlink:label="bap_IfrsTypeAndTierIdentifierDomain" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_IfrsTypeAndTierIdentifierDomain" xlink:to="bap_IfrsTypeAndTierIdentifierDomain_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_IfrsTypeAndTierIdentifierDomain_lbl" xml:lang="en-US">Name of the type of insurance coverage or layer of insurance that covers malpractice claims.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_IfrsTypeAndTierIdentifierDomain_lbl" xml:lang="en-US">Ifrs Type And Tier Identifier [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_IfrsTypeAndTierIdentifierDomain_lbl" xml:lang="en-US">Ifrs Type and Tier Identifier [Domain]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FondoDeSeguroDeDepositosMember" xlink:label="bap_FondoDeSeguroDeDepositosMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FondoDeSeguroDeDepositosMember" xlink:to="bap_FondoDeSeguroDeDepositosMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FondoDeSeguroDeDepositosMember_lbl" xml:lang="en-US">Fondo De Seguro De Depositos [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FondoDeSeguroDeDepositosMember_lbl" xml:lang="en-US">Fondo de Seguro de Depositos [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FinancialInstitutionsGuaranteeFundMember" xlink:label="bap_FinancialInstitutionsGuaranteeFundMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FinancialInstitutionsGuaranteeFundMember" xlink:to="bap_FinancialInstitutionsGuaranteeFundMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FinancialInstitutionsGuaranteeFundMember_lbl" xml:lang="en-US">This member stands for Financial Institutions Guarantee Fund.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FinancialInstitutionsGuaranteeFundMember_lbl" xml:lang="en-US">Financial Institutions Guarantee Fund [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FinancialInstitutionsGuaranteeFundMember_lbl" xml:lang="en-US">Financial Institutions Guarantee Fund</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BalanceOfDepositsAndObligations" xlink:label="bap_BalanceOfDepositsAndObligations" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BalanceOfDepositsAndObligations" xlink:to="bap_BalanceOfDepositsAndObligations_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BalanceOfDepositsAndObligations_lbl" xml:lang="en-US">The balance amount of deposits and obligations.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BalanceOfDepositsAndObligations_lbl" xml:lang="en-US">Balance Of Deposits And Obligations</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MaximumCoverageRecognized" xlink:label="bap_MaximumCoverageRecognized" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MaximumCoverageRecognized" xlink:to="bap_MaximumCoverageRecognized_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_MaximumCoverageRecognized_lbl" xml:lang="en-US">The amount of maximum coverage recognized.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MaximumCoverageRecognized_lbl" xml:lang="en-US">Maximum Coverage Recognized</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDepositsFromBanksExplanatoryTable" xlink:label="bap_DisclosureOfDepositsFromBanksExplanatoryTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDepositsFromBanksExplanatoryTable" xlink:to="bap_DisclosureOfDepositsFromBanksExplanatoryTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDepositsFromBanksExplanatoryTable_lbl" xml:lang="en-US">Disclosure Of Deposits From Banks Explanatory [Table]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDepositsFromBanksExplanatoryLineItems" xlink:label="bap_DisclosureOfDepositsFromBanksExplanatoryLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDepositsFromBanksExplanatoryLineItems" xlink:to="bap_DisclosureOfDepositsFromBanksExplanatoryLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDepositsFromBanksExplanatoryLineItems_lbl" xml:lang="en-US">Disclosure Of Deposits From Banks Explanatory [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfDepositsFromBanksExplanatoryLineItems_lbl" xml:lang="en-US">Disclosure Of Deposits From Banks Explanatory [Line Items]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InternationalFundsAndOthers" xlink:label="bap_InternationalFundsAndOthers" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InternationalFundsAndOthers" xlink:to="bap_InternationalFundsAndOthers_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_InternationalFundsAndOthers_lbl" xml:lang="en-US">The amount of outstanding funds that the entity is obligated to repay.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InternationalFundsAndOthers_lbl" xml:lang="en-US">International funds and others</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PromotionalCreditLines" xlink:label="bap_PromotionalCreditLines" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PromotionalCreditLines" xlink:to="bap_PromotionalCreditLines_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PromotionalCreditLines_lbl" xml:lang="en-US">The amount of outstanding funds that the entity is obligated to repay.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PromotionalCreditLines_lbl" xml:lang="en-US">Promotional credit lines</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InterbankFunds" xlink:label="bap_InterbankFunds" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InterbankFunds" xlink:to="bap_InterbankFunds_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_InterbankFunds_lbl" xml:lang="en-US">The amount of outstanding funds that the entity is obligated to repay.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InterbankFunds_lbl" xml:lang="en-US">Inter-bank funds</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DueToBanksAndCorrespondents" xlink:label="bap_DueToBanksAndCorrespondents" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DueToBanksAndCorrespondents" xlink:to="bap_DueToBanksAndCorrespondents_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DueToBanksAndCorrespondents_lbl" xml:lang="en-US">The amount of due to banks and correspondents.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DueToBanksAndCorrespondents_lbl" xml:lang="en-US">Due to Banks And Correspondents</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="bap_DueToBanksAndCorrespondents_lbl" xml:lang="en-US">Due to banks and correspondents</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DueToBanksAndCorrespondents_lbl" xml:lang="en-US">Due to banks and correspondents</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InterestPayableOnDepositsFromBanks" xlink:label="bap_InterestPayableOnDepositsFromBanks" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InterestPayableOnDepositsFromBanks" xlink:to="bap_InterestPayableOnDepositsFromBanks_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_InterestPayableOnDepositsFromBanks_lbl" xml:lang="en-US">The amount of interest on deposits from banks recognised as a liability.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InterestPayableOnDepositsFromBanks_lbl" xml:lang="en-US">Interest Payable On Deposits From Banks</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_InterestPayableOnDepositsFromBanks_lbl" xml:lang="en-US">Interest payable</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BorrowingsByNameAxis" xlink:label="ifrs-full_BorrowingsByNameAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsByNameAxis" xlink:to="ifrs-full_BorrowingsByNameAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BorrowingsByNameAxis_lbl" xml:lang="en-US">Borrowings by name [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BorrowingsByNameMember" xlink:label="ifrs-full_BorrowingsByNameMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsByNameMember" xlink:to="ifrs-full_BorrowingsByNameMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BorrowingsByNameMember_lbl" xml:lang="en-US">Borrowings By Name [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BorrowingsByNameMember_lbl" xml:lang="en-US">Borrowings by name [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CitibankNaMember" xlink:label="bap_CitibankNaMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CitibankNaMember" xlink:to="bap_CitibankNaMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CitibankNaMember_lbl" xml:lang="en-US">Citibank Na [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CitibankNaMember_lbl" xml:lang="en-US">Citibank N.A.</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BorrowingsByTypeAxis" xlink:label="bap_BorrowingsByTypeAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BorrowingsByTypeAxis" xlink:to="bap_BorrowingsByTypeAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BorrowingsByTypeAxis_lbl" xml:lang="en-US">Borrowings By Type [Axis]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BorrowingsByTypeDomain" xlink:label="bap_BorrowingsByTypeDomain" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BorrowingsByTypeDomain" xlink:to="bap_BorrowingsByTypeDomain_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BorrowingsByTypeDomain_lbl" xml:lang="en-US">Borrowings By Type [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BorrowingsByTypeDomain_lbl" xml:lang="en-US">Borrowings By Type [Domain]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InternationalFundsAndOthersMember" xlink:label="bap_InternationalFundsAndOthersMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InternationalFundsAndOthersMember" xlink:to="bap_InternationalFundsAndOthersMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InternationalFundsAndOthersMember_lbl" xml:lang="en-US">International Funds And Others [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InternationalFundsAndOthersMember_lbl" xml:lang="en-US">International funds and others [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PromotionalCreditLinesMember" xlink:label="bap_PromotionalCreditLinesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PromotionalCreditLinesMember" xlink:to="bap_PromotionalCreditLinesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PromotionalCreditLinesMember_lbl" xml:lang="en-US">Promotional Credit Lines [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PromotionalCreditLinesMember_lbl" xml:lang="en-US">Promotional credit lines</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_SecuredBankLoansReceived" xlink:label="ifrs-full_SecuredBankLoansReceived" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SecuredBankLoansReceived" xlink:to="ifrs-full_SecuredBankLoansReceived_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SecuredBankLoansReceived_lbl" xml:lang="en-US">Secured bank loans received</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesTable" xlink:label="bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesTable" xlink:to="bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesTable_lbl" xml:lang="en-US">Disclosure of insurance claim reserves and technical reserves [Table]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InsuranceContractsAxis" xlink:label="ifrs-full_InsuranceContractsAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InsuranceContractsAxis" xlink:to="ifrs-full_InsuranceContractsAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InsuranceContractsAxis_lbl" xml:lang="en-US">Insurance contracts [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InsuranceContractsMember2017" xlink:label="ifrs-full_InsuranceContractsMember2017" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InsuranceContractsMember2017" xlink:to="ifrs-full_InsuranceContractsMember2017_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InsuranceContractsMember2017_lbl" xml:lang="en-US">Insurance Contracts [Member2017]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InsuranceContractsMember2017_lbl" xml:lang="en-US">Insurance contracts [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DirectClaimReserveMember" xlink:label="bap_DirectClaimReserveMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DirectClaimReserveMember" xlink:to="bap_DirectClaimReserveMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DirectClaimReserveMember_lbl" xml:lang="en-US">Direct Claim Reserve [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DirectClaimReserveMember_lbl" xml:lang="en-US">Direct claim reserve [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TechnicalClaimReserveMember" xlink:label="bap_TechnicalClaimReserveMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TechnicalClaimReserveMember" xlink:to="bap_TechnicalClaimReserveMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TechnicalClaimReserveMember_lbl" xml:lang="en-US">Technical Claim Reserve [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TechnicalClaimReserveMember_lbl" xml:lang="en-US">Technical claim reserve [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LifeInsuranceContractsMember" xlink:label="ifrs-full_LifeInsuranceContractsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LifeInsuranceContractsMember" xlink:to="ifrs-full_LifeInsuranceContractsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LifeInsuranceContractsMember_lbl" xml:lang="en-US">Life Insurance Contracts [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LifeInsuranceContractsMember_lbl" xml:lang="en-US">Life insurance contracts [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_GeneralInsuranceContractsMember" xlink:label="bap_GeneralInsuranceContractsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_GeneralInsuranceContractsMember" xlink:to="bap_GeneralInsuranceContractsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_GeneralInsuranceContractsMember_lbl" xml:lang="en-US">General Insurance Contracts [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_GeneralInsuranceContractsMember_lbl" xml:lang="en-US">General insurance contracts [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_HealthInsuranceContractsMember" xlink:label="bap_HealthInsuranceContractsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_HealthInsuranceContractsMember" xlink:to="bap_HealthInsuranceContractsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_HealthInsuranceContractsMember_lbl" xml:lang="en-US">Health Insurance Contracts [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_HealthInsuranceContractsMember_lbl" xml:lang="en-US">Health insurance contracts [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesLineItems" xlink:label="bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesLineItems" xlink:to="bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesLineItems_lbl" xml:lang="en-US">Disclosure of insurance claim reserves and technical reserves [Line Items]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProvisionsForFutureNonparticipatingBenefits" xlink:label="ifrs-full_ProvisionsForFutureNonparticipatingBenefits" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProvisionsForFutureNonparticipatingBenefits" xlink:to="ifrs-full_ProvisionsForFutureNonparticipatingBenefits_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProvisionsForFutureNonparticipatingBenefits_lbl" xml:lang="en-US">Provisions for future non-participating benefits</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_ProvisionsForFutureNonparticipatingBenefits_lbl" xml:lang="en-US">Ending balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_ProvisionsForFutureNonparticipatingBenefits_lbl" xml:lang="en-US">Beginning balance</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DirectAndAssumedClaimReserveMember" xlink:label="bap_DirectAndAssumedClaimReserveMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DirectAndAssumedClaimReserveMember" xlink:to="bap_DirectAndAssumedClaimReserveMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DirectAndAssumedClaimReserveMember_lbl" xml:lang="en-US">Direct And Assumed Claim Reserve [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DirectAndAssumedClaimReserveMember_lbl" xml:lang="en-US">Direct and assumed claim reserve [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AdditionsLiabilitiesUnderInsuranceContractsClaims" xlink:label="bap_AdditionsLiabilitiesUnderInsuranceContractsClaims" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AdditionsLiabilitiesUnderInsuranceContractsClaims" xlink:to="bap_AdditionsLiabilitiesUnderInsuranceContractsClaims_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AdditionsLiabilitiesUnderInsuranceContractsClaims_lbl" xml:lang="en-US">The increase in liabilities under insurance contracts and reinsurance contracts issued, resulting from additions other than through business combinations.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AdditionsLiabilitiesUnderInsuranceContractsClaims_lbl" xml:lang="en-US">Additions Liabilities Under Insurance Contracts, Claims</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_AdditionsLiabilitiesUnderInsuranceContractsClaims_lbl" xml:lang="en-US">Gross claims</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CashPaidLiabilitiesUnderInsuranceContracts" xlink:label="bap_CashPaidLiabilitiesUnderInsuranceContracts" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CashPaidLiabilitiesUnderInsuranceContracts" xlink:to="bap_CashPaidLiabilitiesUnderInsuranceContracts_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CashPaidLiabilitiesUnderInsuranceContracts_lbl" xml:lang="en-US">The decrease in liabilities under insurance contracts and reinsurance contracts issued resulting from cash paid.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CashPaidLiabilitiesUnderInsuranceContracts_lbl" xml:lang="en-US">Cash Paid Liabilities Under Insurance Contracts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_CashPaidLiabilitiesUnderInsuranceContracts_lbl" xml:lang="en-US">Payments</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xlink:to="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued_lbl" xml:lang="en-US">Increase (decrease) through net exchange differences, liabilities under insurance contracts and reinsurance contracts issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued_lbl" xml:lang="en-US">Exchange difference</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued_lbl" xml:lang="en-US">Exchange difference and others</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BusinessLineTable" xlink:label="bap_BusinessLineTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BusinessLineTable" xlink:to="bap_BusinessLineTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BusinessLineTable_lbl" xml:lang="en-US">n/a</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BusinessLineTable_lbl" xml:lang="en-US">Business Line [Table]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BusinessLineAxis" xlink:label="bap_BusinessLineAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BusinessLineAxis" xlink:to="bap_BusinessLineAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BusinessLineAxis_lbl" xml:lang="en-US">Represents information from type of business line.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BusinessLineAxis_lbl" xml:lang="en-US">Business Line [Axis]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BusinessLineDomain" xlink:label="bap_BusinessLineDomain" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BusinessLineDomain" xlink:to="bap_BusinessLineDomain_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BusinessLineDomain_lbl" xml:lang="en-US">Information from type of business line.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BusinessLineDomain_lbl" xml:lang="en-US">Business Line [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BusinessLineDomain_lbl" xml:lang="en-US">Business Line [Domain]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_VidaIndividualMember" xlink:label="bap_VidaIndividualMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_VidaIndividualMember" xlink:to="bap_VidaIndividualMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_VidaIndividualMember_lbl" xml:lang="en-US">This member stands for Vida Individual.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_VidaIndividualMember_lbl" xml:lang="en-US">Vida Individual [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_VidaIndividualMember_lbl" xml:lang="en-US">Vida Individual</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_VidaGrupoMember" xlink:label="bap_VidaGrupoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_VidaGrupoMember" xlink:to="bap_VidaGrupoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_VidaGrupoMember_lbl" xml:lang="en-US">This member stands for Vida Grupo.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_VidaGrupoMember_lbl" xml:lang="en-US">Vida Grupo [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_VidaGrupoMember_lbl" xml:lang="en-US">Vida Grupo</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_VidaLeyMember" xlink:label="bap_VidaLeyMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_VidaLeyMember" xlink:to="bap_VidaLeyMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_VidaLeyMember_lbl" xml:lang="en-US">This member stands for Vida Ley.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_VidaLeyMember_lbl" xml:lang="en-US">Vida Ley [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_VidaLeyMember_lbl" xml:lang="en-US">Vida Ley</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_VidaCrditoMember" xlink:label="bap_VidaCrditoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_VidaCrditoMember" xlink:to="bap_VidaCrditoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_VidaCrditoMember_lbl" xml:lang="en-US">This member stands for Vida Crdito.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_VidaCrditoMember_lbl" xml:lang="en-US">Vida Crdito [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_VidaCrditoMember_lbl" xml:lang="en-US">Vida Crdito</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SiscoMember" xlink:label="bap_SiscoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SiscoMember" xlink:to="bap_SiscoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SiscoMember_lbl" xml:lang="en-US">This member stands for SISCO.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SiscoMember_lbl" xml:lang="en-US">Sisco [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SiscoMember_lbl" xml:lang="en-US">SISCO</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AsistenciaMdicaMember" xlink:label="bap_AsistenciaMdicaMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AsistenciaMdicaMember" xlink:to="bap_AsistenciaMdicaMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AsistenciaMdicaMember_lbl" xml:lang="en-US">This member stands for Asistencia Mdica.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AsistenciaMdicaMember_lbl" xml:lang="en-US">Asistencia Mdica [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AsistenciaMdicaMember_lbl" xml:lang="en-US">Asistencia Mdica</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BusinessLineLineItems" xlink:label="bap_BusinessLineLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BusinessLineLineItems" xlink:to="bap_BusinessLineLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BusinessLineLineItems_lbl" xml:lang="en-US">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BusinessLineLineItems_lbl" xml:lang="en-US">Business Line [Line Items]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_IncurredButNotReportedBalanceCovid19" xlink:label="bap_IncurredButNotReportedBalanceCovid19" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_IncurredButNotReportedBalanceCovid19" xlink:to="bap_IncurredButNotReportedBalanceCovid19_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_IncurredButNotReportedBalanceCovid19_lbl" xml:lang="en-US">The amount of incurred bit not reported Balance COVID - 19.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_IncurredButNotReportedBalanceCovid19_lbl" xml:lang="en-US">Incurred But Not Reported, Balance COVID - 19</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_IncurredButNotReportedBalanceCovid19_lbl" xml:lang="en-US">IBNR Balance COVID - 19</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ClaimsReportedCovid19" xlink:label="bap_ClaimsReportedCovid19" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ClaimsReportedCovid19" xlink:to="bap_ClaimsReportedCovid19_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ClaimsReportedCovid19_lbl" xml:lang="en-US">The amount of claims reported COVID - 19.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ClaimsReportedCovid19_lbl" xml:lang="en-US">Claims Reported COVID - 19</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ClaimsReportedCovid19_lbl" xml:lang="en-US">Claims reported COVID - 19</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TotalImpactCovid19" xlink:label="bap_TotalImpactCovid19" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TotalImpactCovid19" xlink:to="bap_TotalImpactCovid19_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TotalImpactCovid19_lbl" xml:lang="en-US">The total Impact COVID-19.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TotalImpactCovid19_lbl" xml:lang="en-US">Total Impact COVID-19</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TotalImpactCovid19_lbl" xml:lang="en-US">Total Impact COVID-19</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughAdjustmentsArisingFromPassageOfTimeLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xlink:label="ifrs-full_IncreaseDecreaseThroughAdjustmentsArisingFromPassageOfTimeLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughAdjustmentsArisingFromPassageOfTimeLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xlink:to="ifrs-full_IncreaseDecreaseThroughAdjustmentsArisingFromPassageOfTimeLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughAdjustmentsArisingFromPassageOfTimeLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued_lbl" xml:lang="en-US">Increase (decrease) through adjustments arising from passage of time, liabilities under insurance contracts and reinsurance contracts issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughAdjustmentsArisingFromPassageOfTimeLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued_lbl" xml:lang="en-US">Time course expenses and others</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTransfersLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughTransfersLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xlink:to="ifrs-full_IncreaseDecreaseThroughTransfersLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued_lbl" xml:lang="en-US">Increase (decrease) through transfers, liabilities under insurance contracts and reinsurance contracts issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued_lbl" xml:lang="en-US">Unearned premium and other technical reserves variation, net</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdditionsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xlink:label="ifrs-full_AdditionsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xlink:to="ifrs-full_AdditionsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="ifrs-full_AdditionsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued_lbl" xml:lang="en-US">Insurance subscriptions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdditionsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued_lbl" xml:lang="en-US">Additions other than through business combinations, liabilities under insurance contracts and reinsurance contracts issued</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TemporaryRegimeWorkRiskInsuranceMember" xlink:label="bap_TemporaryRegimeWorkRiskInsuranceMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TemporaryRegimeWorkRiskInsuranceMember" xlink:to="bap_TemporaryRegimeWorkRiskInsuranceMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TemporaryRegimeWorkRiskInsuranceMember_lbl" xml:lang="en-US">Temporary Regime Work Risk Insurance [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TemporaryRegimeWorkRiskInsuranceMember_lbl" xml:lang="en-US">Pension insurance - Temporary Regime / SCTR [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DefinitiveRegimeMember" xlink:label="bap_DefinitiveRegimeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DefinitiveRegimeMember" xlink:to="bap_DefinitiveRegimeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DefinitiveRegimeMember_lbl" xml:lang="en-US">Definitive Regime [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DefinitiveRegimeMember_lbl" xml:lang="en-US">Pension insurance - Definitive Regime [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DefinitiveRegimeWorkRiskInsuranceMember" xlink:label="bap_DefinitiveRegimeWorkRiskInsuranceMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DefinitiveRegimeWorkRiskInsuranceMember" xlink:to="bap_DefinitiveRegimeWorkRiskInsuranceMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DefinitiveRegimeWorkRiskInsuranceMember_lbl" xml:lang="en-US">Definitive Regime Work Risk Insurance [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DefinitiveRegimeWorkRiskInsuranceMember_lbl" xml:lang="en-US">Pension insurance - Definitive Regime / SCTR [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TemporaryRegimeWorkRiskInsuranceLongevityMember" xlink:label="bap_TemporaryRegimeWorkRiskInsuranceLongevityMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TemporaryRegimeWorkRiskInsuranceLongevityMember" xlink:to="bap_TemporaryRegimeWorkRiskInsuranceLongevityMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TemporaryRegimeWorkRiskInsuranceLongevityMember_lbl" xml:lang="en-US">Temporary Regime Work Risk Insurance Longevity [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TemporaryRegimeWorkRiskInsuranceLongevityMember_lbl" xml:lang="en-US">Pension insurance - Temporary Regime / SCTR (Longevity) [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PensionInsuranceSctrLongevityMember" xlink:label="bap_PensionInsuranceSctrLongevityMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PensionInsuranceSctrLongevityMember" xlink:to="bap_PensionInsuranceSctrLongevityMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PensionInsuranceSctrLongevityMember_lbl" xml:lang="en-US">This member stands for pension insurance - SCTR (Longevity).</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PensionInsuranceSctrLongevityMember_lbl" xml:lang="en-US">Pension Insurance Sctr Longevity [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PensionInsuranceSctrLongevityMember_lbl" xml:lang="en-US">Pension insurance - SCTR (Longevity)</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_IndividualLifeMember" xlink:label="bap_IndividualLifeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_IndividualLifeMember" xlink:to="bap_IndividualLifeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_IndividualLifeMember_lbl" xml:lang="en-US">Individual Life [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_IndividualLifeMember_lbl" xml:lang="en-US">Individual life [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AnnuityMember" xlink:label="bap_AnnuityMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AnnuityMember" xlink:to="bap_AnnuityMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AnnuityMember_lbl" xml:lang="en-US">Annuity [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AnnuityMember_lbl" xml:lang="en-US">Annuity [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ExplanationOfAssumptionsToMeasureInsuranceAssetsAndLiabilities" xlink:label="ifrs-full_ExplanationOfAssumptionsToMeasureInsuranceAssetsAndLiabilities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExplanationOfAssumptionsToMeasureInsuranceAssetsAndLiabilities" xlink:to="ifrs-full_ExplanationOfAssumptionsToMeasureInsuranceAssetsAndLiabilities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ExplanationOfAssumptionsToMeasureInsuranceAssetsAndLiabilities_lbl" xml:lang="en-US">Explanation of process used to determine assumptions to measure recognised assets, liabilities, income and expense arising from insurance contracts</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MortalityTechnicalRateInUsDollarsUsedInEstimationOfInsuranceReserves" xlink:label="bap_MortalityTechnicalRateInUsDollarsUsedInEstimationOfInsuranceReserves" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MortalityTechnicalRateInUsDollarsUsedInEstimationOfInsuranceReserves" xlink:to="bap_MortalityTechnicalRateInUsDollarsUsedInEstimationOfInsuranceReserves_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_MortalityTechnicalRateInUsDollarsUsedInEstimationOfInsuranceReserves_lbl" xml:lang="en-US">The mortality technical rate in us dollares used in estimation of retirement, disability and survival annuities and individual life reserves.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MortalityTechnicalRateInUsDollarsUsedInEstimationOfInsuranceReserves_lbl" xml:lang="en-US">Mortality technical rate in us dollars used in estimation of insurance reserves</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MortalityTechnicalRateInSolesVacUsedInEstimationOfInsuranceReserves" xlink:label="bap_MortalityTechnicalRateInSolesVacUsedInEstimationOfInsuranceReserves" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MortalityTechnicalRateInSolesVacUsedInEstimationOfInsuranceReserves" xlink:to="bap_MortalityTechnicalRateInSolesVacUsedInEstimationOfInsuranceReserves_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_MortalityTechnicalRateInSolesVacUsedInEstimationOfInsuranceReserves_lbl" xml:lang="en-US">The mortality technical rate in soles vac used in estimation of retirement, disability and survival annuities and individual life reserves.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MortalityTechnicalRateInSolesVacUsedInEstimationOfInsuranceReserves_lbl" xml:lang="en-US">Mortality technical rate in soles vac used in estimation of insurance reserves</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MortalityTechnicalRateInNominalDollarsUsedInEstimationOfInsuranceReserves" xlink:label="bap_MortalityTechnicalRateInNominalDollarsUsedInEstimationOfInsuranceReserves" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MortalityTechnicalRateInNominalDollarsUsedInEstimationOfInsuranceReserves" xlink:to="bap_MortalityTechnicalRateInNominalDollarsUsedInEstimationOfInsuranceReserves_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_MortalityTechnicalRateInNominalDollarsUsedInEstimationOfInsuranceReserves_lbl" xml:lang="en-US">The mortality technical rate in Nominal dollars used in estimation of retirement, disability and survival annuities and individual life reserves.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MortalityTechnicalRateInNominalDollarsUsedInEstimationOfInsuranceReserves_lbl" xml:lang="en-US">Mortality technical rate in Nominal dollars used in estimation of insurance reserves</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MortalityTechnicalRateInSolesUsedInEstimationOfInsuranceReserves" xlink:label="bap_MortalityTechnicalRateInSolesUsedInEstimationOfInsuranceReserves" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MortalityTechnicalRateInSolesUsedInEstimationOfInsuranceReserves" xlink:to="bap_MortalityTechnicalRateInSolesUsedInEstimationOfInsuranceReserves_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_MortalityTechnicalRateInSolesUsedInEstimationOfInsuranceReserves_lbl" xml:lang="en-US">The mortality technical rate in soles used in estimation of retirement, disability and survival annuities and individual life reserves.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MortalityTechnicalRateInSolesUsedInEstimationOfInsuranceReserves_lbl" xml:lang="en-US">Mortality technical rate in soles used in estimation of insurance reserves</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MortalityTechnicalRateInAdjustedSolesUsedInEstimationOfInsuranceReserves" xlink:label="bap_MortalityTechnicalRateInAdjustedSolesUsedInEstimationOfInsuranceReserves" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MortalityTechnicalRateInAdjustedSolesUsedInEstimationOfInsuranceReserves" xlink:to="bap_MortalityTechnicalRateInAdjustedSolesUsedInEstimationOfInsuranceReserves_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_MortalityTechnicalRateInAdjustedSolesUsedInEstimationOfInsuranceReserves_lbl" xml:lang="en-US">The mortality technical rate in adjusted soles used in estimation of retirement, disability and survival annuities and individual life reserves.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MortalityTechnicalRateInAdjustedSolesUsedInEstimationOfInsuranceReserves_lbl" xml:lang="en-US">Mortality technical rate in adjusted soles used in estimation of insurance reserves</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MortalityTechnicalRateInAdjustedDollarsUsedInEstimationOfInsuranceReserves" xlink:label="bap_MortalityTechnicalRateInAdjustedDollarsUsedInEstimationOfInsuranceReserves" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MortalityTechnicalRateInAdjustedDollarsUsedInEstimationOfInsuranceReserves" xlink:to="bap_MortalityTechnicalRateInAdjustedDollarsUsedInEstimationOfInsuranceReserves_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_MortalityTechnicalRateInAdjustedDollarsUsedInEstimationOfInsuranceReserves_lbl" xml:lang="en-US">The mortality technical rate in adjusted dollars used in estimation of retirement, disability and survival annuities and individual life reserves.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MortalityTechnicalRateInAdjustedDollarsUsedInEstimationOfInsuranceReserves_lbl" xml:lang="en-US">Mortality technical rate in adjusted dollars used in estimation of insurance reserves</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PeruvianSolMember" xlink:label="bap_PeruvianSolMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PeruvianSolMember" xlink:to="bap_PeruvianSolMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PeruvianSolMember_lbl" xml:lang="en-US">Peruvian Sol [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PeruvianSolMember_lbl" xml:lang="en-US">Soles currency</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ClaimReserve" xlink:label="bap_ClaimReserve" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ClaimReserve" xlink:to="bap_ClaimReserve_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ClaimReserve_lbl" xml:lang="en-US">Amount of claim reserve as on the date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ClaimReserve_lbl" xml:lang="en-US">Claim reserve</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AmountOfReserveAfterChangesInInterestRateBy100PositiveBasePoints" xlink:label="bap_AmountOfReserveAfterChangesInInterestRateBy100PositiveBasePoints" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AmountOfReserveAfterChangesInInterestRateBy100PositiveBasePoints" xlink:to="bap_AmountOfReserveAfterChangesInInterestRateBy100PositiveBasePoints_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AmountOfReserveAfterChangesInInterestRateBy100PositiveBasePoints_lbl" xml:lang="en-US">The amount of reserve after changes in interest rate by 100 positive base points.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AmountOfReserveAfterChangesInInterestRateBy100PositiveBasePoints_lbl" xml:lang="en-US">Amount of reserve after changes in interest rate by 100 positive base points</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AmountOfReserveAfterChangesInInterestRateBy100NegativeBasePoints" xlink:label="bap_AmountOfReserveAfterChangesInInterestRateBy100NegativeBasePoints" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AmountOfReserveAfterChangesInInterestRateBy100NegativeBasePoints" xlink:to="bap_AmountOfReserveAfterChangesInInterestRateBy100NegativeBasePoints_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AmountOfReserveAfterChangesInInterestRateBy100NegativeBasePoints_lbl" xml:lang="en-US">The amount of reserve after changes in interest rate by 100 negative base points.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AmountOfReserveAfterChangesInInterestRateBy100NegativeBasePoints_lbl" xml:lang="en-US">Amount of reserve after changes in interest rate by 100 negative base points</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AmountOfReserveAfterIncreaseInMortalitysBy5Percent" xlink:label="bap_AmountOfReserveAfterIncreaseInMortalitysBy5Percent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AmountOfReserveAfterIncreaseInMortalitysBy5Percent" xlink:to="bap_AmountOfReserveAfterIncreaseInMortalitysBy5Percent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AmountOfReserveAfterIncreaseInMortalitysBy5Percent_lbl" xml:lang="en-US">The amount of reserve after increase in mortality tables by 5%.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AmountOfReserveAfterIncreaseInMortalitysBy5Percent_lbl" xml:lang="en-US">Amount of reserve after increase in mortality tables by 5 percent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_AmountOfReserveAfterIncreaseInMortalitysBy5Percent_lbl" xml:lang="en-US">Amount of reserve after increase in mortality tables by 105 percent</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AmountOfReserveAfterDecreaseInMortalitysBy5Percent" xlink:label="bap_AmountOfReserveAfterDecreaseInMortalitysBy5Percent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AmountOfReserveAfterDecreaseInMortalitysBy5Percent" xlink:to="bap_AmountOfReserveAfterDecreaseInMortalitysBy5Percent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AmountOfReserveAfterDecreaseInMortalitysBy5Percent_lbl" xml:lang="en-US">The amount of reserve after decrease in mortality tables by 5%.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AmountOfReserveAfterDecreaseInMortalitysBy5Percent_lbl" xml:lang="en-US">Amount of reserve after decrease in mortality tables by 5 percent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_AmountOfReserveAfterDecreaseInMortalitysBy5Percent_lbl" xml:lang="en-US">Amount of reserve after decrease in mortality tables by 95 percent</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AmountOfVariationOfReserveOnChangesInInterestRateBy100PositiveBasePoints" xlink:label="bap_AmountOfVariationOfReserveOnChangesInInterestRateBy100PositiveBasePoints" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AmountOfVariationOfReserveOnChangesInInterestRateBy100PositiveBasePoints" xlink:to="bap_AmountOfVariationOfReserveOnChangesInInterestRateBy100PositiveBasePoints_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AmountOfVariationOfReserveOnChangesInInterestRateBy100PositiveBasePoints_lbl" xml:lang="en-US">The amount of increase (decrease) in reserve on changes in interest rate by 100 positive base points.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AmountOfVariationOfReserveOnChangesInInterestRateBy100PositiveBasePoints_lbl" xml:lang="en-US">Amount of variation of reserve on changes in interest rate by 100 positive base points</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="bap_AmountOfVariationOfReserveOnChangesInInterestRateBy100PositiveBasePoints_lbl" xml:lang="en-US">Amount of variation of reserve on changes in interest rate by 100 positive base points</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AmountOfVariationOfReserveOnChangesInInterestRateBy100NegativeBasePoints" xlink:label="bap_AmountOfVariationOfReserveOnChangesInInterestRateBy100NegativeBasePoints" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AmountOfVariationOfReserveOnChangesInInterestRateBy100NegativeBasePoints" xlink:to="bap_AmountOfVariationOfReserveOnChangesInInterestRateBy100NegativeBasePoints_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AmountOfVariationOfReserveOnChangesInInterestRateBy100NegativeBasePoints_lbl" xml:lang="en-US">The amount of increase (decrease) in reserve on changes in interest rate by 100 negative base points.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AmountOfVariationOfReserveOnChangesInInterestRateBy100NegativeBasePoints_lbl" xml:lang="en-US">Amount of variation of reserve on changes in interest rate by 100 negative base points</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="bap_AmountOfVariationOfReserveOnChangesInInterestRateBy100NegativeBasePoints_lbl" xml:lang="en-US">Amount of variation of reserve on changes in interest rate by 100 negative base points</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AmountOfVariationOfReserveOnIncreaseInMortalitysBy5Percent" xlink:label="bap_AmountOfVariationOfReserveOnIncreaseInMortalitysBy5Percent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AmountOfVariationOfReserveOnIncreaseInMortalitysBy5Percent" xlink:to="bap_AmountOfVariationOfReserveOnIncreaseInMortalitysBy5Percent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AmountOfVariationOfReserveOnIncreaseInMortalitysBy5Percent_lbl" xml:lang="en-US">The amount of increase (decrease) in reserve on increase in mortality tables by 5%.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AmountOfVariationOfReserveOnIncreaseInMortalitysBy5Percent_lbl" xml:lang="en-US">Amount of variation of reserve on increase in mortality tables by 5 percent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="bap_AmountOfVariationOfReserveOnIncreaseInMortalitysBy5Percent_lbl" xml:lang="en-US">Amount of variation of reserve on increase in mortality tables by 105 percent</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AmountOfVariationOfReserveOnDecreaseInMortalitysBy5Percent" xlink:label="bap_AmountOfVariationOfReserveOnDecreaseInMortalitysBy5Percent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AmountOfVariationOfReserveOnDecreaseInMortalitysBy5Percent" xlink:to="bap_AmountOfVariationOfReserveOnDecreaseInMortalitysBy5Percent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AmountOfVariationOfReserveOnDecreaseInMortalitysBy5Percent_lbl" xml:lang="en-US">The amount of increase (decrease) in reserve on decrease in mortality tables by 5%.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AmountOfVariationOfReserveOnDecreaseInMortalitysBy5Percent_lbl" xml:lang="en-US">Amount of variation of reserve on decrease in mortality tables by 5 percent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_AmountOfVariationOfReserveOnDecreaseInMortalitysBy5Percent_lbl" xml:lang="en-US">Amount of variation of reserve on decrease in mortality tables by 95 percent</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PercentageOfVariantionOfReserveOnChangesInInterestRateBy100PositiveBasePoints" xlink:label="bap_PercentageOfVariantionOfReserveOnChangesInInterestRateBy100PositiveBasePoints" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PercentageOfVariantionOfReserveOnChangesInInterestRateBy100PositiveBasePoints" xlink:to="bap_PercentageOfVariantionOfReserveOnChangesInInterestRateBy100PositiveBasePoints_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PercentageOfVariantionOfReserveOnChangesInInterestRateBy100PositiveBasePoints_lbl" xml:lang="en-US">The percentage of increase (decrease) in reserve on changes in interest rate by 100 positive base points.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PercentageOfVariantionOfReserveOnChangesInInterestRateBy100PositiveBasePoints_lbl" xml:lang="en-US">Percentage of variantion of reserve on changes in interest rate by 100 positive base points</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="bap_PercentageOfVariantionOfReserveOnChangesInInterestRateBy100PositiveBasePoints_lbl" xml:lang="en-US">Percentage of variantion of reserve on changes in interest rate by 100 positive base points</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PercentageOfVariantionOfReserveOnChangesInInterestRateBy100NegativeBasePoints" xlink:label="bap_PercentageOfVariantionOfReserveOnChangesInInterestRateBy100NegativeBasePoints" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PercentageOfVariantionOfReserveOnChangesInInterestRateBy100NegativeBasePoints" xlink:to="bap_PercentageOfVariantionOfReserveOnChangesInInterestRateBy100NegativeBasePoints_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PercentageOfVariantionOfReserveOnChangesInInterestRateBy100NegativeBasePoints_lbl" xml:lang="en-US">The percentage of increase (decrease) in reserve on changes in interest rate by 100 negative base points.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PercentageOfVariantionOfReserveOnChangesInInterestRateBy100NegativeBasePoints_lbl" xml:lang="en-US">Percentage of variantion of reserve on changes in interest rate by 100 negative base points</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PercentageOfVariationOfReserveOnIncreaseInMortalitysBy5Percent" xlink:label="bap_PercentageOfVariationOfReserveOnIncreaseInMortalitysBy5Percent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PercentageOfVariationOfReserveOnIncreaseInMortalitysBy5Percent" xlink:to="bap_PercentageOfVariationOfReserveOnIncreaseInMortalitysBy5Percent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PercentageOfVariationOfReserveOnIncreaseInMortalitysBy5Percent_lbl" xml:lang="en-US">The percentage of increase (decrease) in reserve on increase in mortality tables by 5%.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PercentageOfVariationOfReserveOnIncreaseInMortalitysBy5Percent_lbl" xml:lang="en-US">Percentage of variation of reserve on increase in mortality tables by 5 percent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="bap_PercentageOfVariationOfReserveOnIncreaseInMortalitysBy5Percent_lbl" xml:lang="en-US">Percentage of variation of reserve on increase in mortality tables by 105 percent</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PercentageOfVariationOfReserveOnDecreaseInMortalitysBy5Percent" xlink:label="bap_PercentageOfVariationOfReserveOnDecreaseInMortalitysBy5Percent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PercentageOfVariationOfReserveOnDecreaseInMortalitysBy5Percent" xlink:to="bap_PercentageOfVariationOfReserveOnDecreaseInMortalitysBy5Percent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PercentageOfVariationOfReserveOnDecreaseInMortalitysBy5Percent_lbl" xml:lang="en-US">The percentage of increase (decrease) in reserve on decrease in mortality tables by 5%.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PercentageOfVariationOfReserveOnDecreaseInMortalitysBy5Percent_lbl" xml:lang="en-US">Percentage of variation of reserve on decrease in mortality tables by 5 percent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_PercentageOfVariationOfReserveOnDecreaseInMortalitysBy5Percent_lbl" xml:lang="en-US">Percentage of variation of reserve on decrease in mortality tables by 95 percent</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MathematicReserveMember" xlink:label="bap_MathematicReserveMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MathematicReserveMember" xlink:to="bap_MathematicReserveMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MathematicReserveMember_lbl" xml:lang="en-US">Mathematic Reserve [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MathematicReserveMember_lbl" xml:lang="en-US">Mathematic reserve [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ClaimsIncurredButNotReported" xlink:label="ifrs-full_ClaimsIncurredButNotReported" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClaimsIncurredButNotReported" xlink:to="ifrs-full_ClaimsIncurredButNotReported_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClaimsIncurredButNotReported_lbl" xml:lang="en-US">Claims incurred but not reported</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfBondsAndNotesIssuedTable" xlink:label="bap_DisclosureOfBondsAndNotesIssuedTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfBondsAndNotesIssuedTable" xlink:to="bap_DisclosureOfBondsAndNotesIssuedTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfBondsAndNotesIssuedTable_lbl" xml:lang="en-US">Disclosure of bonds and notes issued [Table]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TypesOfInterestRatesAxis" xlink:label="ifrs-full_TypesOfInterestRatesAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfInterestRatesAxis" xlink:to="ifrs-full_TypesOfInterestRatesAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfInterestRatesAxis_lbl" xml:lang="en-US">Types of interest rates [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestRateTypesMember" xlink:label="ifrs-full_InterestRateTypesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestRateTypesMember" xlink:to="ifrs-full_InterestRateTypesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestRateTypesMember_lbl" xml:lang="en-US">Interest Rate Types [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InterestRateTypesMember_lbl" xml:lang="en-US">Interest rate types [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FixedInterestRateMember" xlink:label="ifrs-full_FixedInterestRateMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FixedInterestRateMember" xlink:to="ifrs-full_FixedInterestRateMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FixedInterestRateMember_lbl" xml:lang="en-US">Fixed Interest Rate [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FixedInterestRateMember_lbl" xml:lang="en-US">Fixed interest rate [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TwoThousandTwelveSeriesCFloatingRateMember" xlink:label="bap_TwoThousandTwelveSeriesCFloatingRateMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TwoThousandTwelveSeriesCFloatingRateMember" xlink:to="bap_TwoThousandTwelveSeriesCFloatingRateMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TwoThousandTwelveSeriesCFloatingRateMember_lbl" xml:lang="en-US">Two Thousand Twelve Series C Floating Rate [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TwoThousandTwelveSeriesCFloatingRateMember_lbl" xml:lang="en-US">Two Thousand Twelve Series C Floating Rate [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FloatingInterestRateMemberMember" xlink:label="bap_FloatingInterestRateMemberMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FloatingInterestRateMemberMember" xlink:to="bap_FloatingInterestRateMemberMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FloatingInterestRateMemberMember_lbl" xml:lang="en-US">Floating Interest Rate Member [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FloatingInterestRateMemberMember_lbl" xml:lang="en-US">Floating Interest Rate Member [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SeniorNotesOneMember" xlink:label="bap_SeniorNotesOneMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SeniorNotesOneMember" xlink:to="bap_SeniorNotesOneMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SeniorNotesOneMember_lbl" xml:lang="en-US">Senior Notes One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SeniorNotesOneMember_lbl" xml:lang="en-US">Senior Notes One [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SeniorNotesTwoMember" xlink:label="bap_SeniorNotesTwoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SeniorNotesTwoMember" xlink:to="bap_SeniorNotesTwoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SeniorNotesTwoMember_lbl" xml:lang="en-US">Senior Notes Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SeniorNotesTwoMember_lbl" xml:lang="en-US">Senior Notes Two [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SeniorNotesThreeMember" xlink:label="bap_SeniorNotesThreeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SeniorNotesThreeMember" xlink:to="bap_SeniorNotesThreeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SeniorNotesThreeMember_lbl" xml:lang="en-US">Senior Notes Three [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SeniorNotesThreeMember_lbl" xml:lang="en-US">Senior Notes Three [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SeniorNotesFourMember" xlink:label="bap_SeniorNotesFourMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SeniorNotesFourMember" xlink:to="bap_SeniorNotesFourMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SeniorNotesFourMember_lbl" xml:lang="en-US">Senior Notes Four [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SeniorNotesFourMember_lbl" xml:lang="en-US">Senior Notes Four [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CcrIncMmt100SecuredNotesMember" xlink:label="bap_CcrIncMmt100SecuredNotesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CcrIncMmt100SecuredNotesMember" xlink:to="bap_CcrIncMmt100SecuredNotesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CcrIncMmt100SecuredNotesMember_lbl" xml:lang="en-US">Ccr Inc Mmt100 Secured Notes [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CcrIncMmt100SecuredNotesMember_lbl" xml:lang="en-US">CCR Inc. MMT 100 - Secured notes [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CorporateBondsFourthProgramTwoMember" xlink:label="bap_CorporateBondsFourthProgramTwoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CorporateBondsFourthProgramTwoMember" xlink:to="bap_CorporateBondsFourthProgramTwoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CorporateBondsFourthProgramTwoMember_lbl" xml:lang="en-US">Corporate Bonds Fourth Program Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CorporateBondsFourthProgramTwoMember_lbl" xml:lang="en-US">Corporate bonds Fourth Program Two [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CorporateBondsFifthProgramOneMember" xlink:label="bap_CorporateBondsFifthProgramOneMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CorporateBondsFifthProgramOneMember" xlink:to="bap_CorporateBondsFifthProgramOneMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CorporateBondsFifthProgramOneMember_lbl" xml:lang="en-US">Corporate Bonds Fifth Program One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CorporateBondsFifthProgramOneMember_lbl" xml:lang="en-US">Corporate bonds Fifth Program One [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CorporateBondsFifthProgramTwoMember" xlink:label="bap_CorporateBondsFifthProgramTwoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CorporateBondsFifthProgramTwoMember" xlink:to="bap_CorporateBondsFifthProgramTwoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CorporateBondsFifthProgramTwoMember_lbl" xml:lang="en-US">Corporate Bonds Fifth Program Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CorporateBondsFifthProgramTwoMember_lbl" xml:lang="en-US">Corporate bonds Fifth Program Two [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CorporateBondsFifthProgramThreeMember" xlink:label="bap_CorporateBondsFifthProgramThreeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CorporateBondsFifthProgramThreeMember" xlink:to="bap_CorporateBondsFifthProgramThreeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CorporateBondsFifthProgramThreeMember_lbl" xml:lang="en-US">Corporate Bonds Fifth Program Three [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CorporateBondsFifthProgramThreeMember_lbl" xml:lang="en-US">Corporate bonds Fifth Program Three [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SubordinatedBondsBcpOneMember" xlink:label="bap_SubordinatedBondsBcpOneMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SubordinatedBondsBcpOneMember" xlink:to="bap_SubordinatedBondsBcpOneMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SubordinatedBondsBcpOneMember_lbl" xml:lang="en-US">Subordinated Bonds Bcp One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SubordinatedBondsBcpOneMember_lbl" xml:lang="en-US">Subordinated bonds - BCP One [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SubordinatedBondsBcpTwoMember" xlink:label="bap_SubordinatedBondsBcpTwoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SubordinatedBondsBcpTwoMember" xlink:to="bap_SubordinatedBondsBcpTwoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SubordinatedBondsBcpTwoMember_lbl" xml:lang="en-US">Subordinated Bonds Bcp Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SubordinatedBondsBcpTwoMember_lbl" xml:lang="en-US">Subordinated bonds - BCP Two [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SubordinatedBondsFirstProgramOneMember" xlink:label="bap_SubordinatedBondsFirstProgramOneMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SubordinatedBondsFirstProgramOneMember" xlink:to="bap_SubordinatedBondsFirstProgramOneMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SubordinatedBondsFirstProgramOneMember_lbl" xml:lang="en-US">Subordinated Bonds First Program One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SubordinatedBondsFirstProgramOneMember_lbl" xml:lang="en-US">Subordinated bonds First Program One [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SubordinatedBondsFirstProgramTwoMember" xlink:label="bap_SubordinatedBondsFirstProgramTwoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SubordinatedBondsFirstProgramTwoMember" xlink:to="bap_SubordinatedBondsFirstProgramTwoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SubordinatedBondsFirstProgramTwoMember_lbl" xml:lang="en-US">Subordinated Bonds First Program Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SubordinatedBondsFirstProgramTwoMember_lbl" xml:lang="en-US">Subordinated bonds First Program Two [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SubordinatedBondsSecondProgramOneMember" xlink:label="bap_SubordinatedBondsSecondProgramOneMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SubordinatedBondsSecondProgramOneMember" xlink:to="bap_SubordinatedBondsSecondProgramOneMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SubordinatedBondsSecondProgramOneMember_lbl" xml:lang="en-US">Subordinated Bonds Second Program One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SubordinatedBondsSecondProgramOneMember_lbl" xml:lang="en-US">Subordinated bonds Second Program One [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SubordinatedBondsSecondProgramTwoMember" xlink:label="bap_SubordinatedBondsSecondProgramTwoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SubordinatedBondsSecondProgramTwoMember" xlink:to="bap_SubordinatedBondsSecondProgramTwoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SubordinatedBondsSecondProgramTwoMember_lbl" xml:lang="en-US">Subordinated Bonds Second Program Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SubordinatedBondsSecondProgramTwoMember_lbl" xml:lang="en-US">Subordinated bonds Second Program Two [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SubordinatedBondsSecondProgramThreeMember" xlink:label="bap_SubordinatedBondsSecondProgramThreeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SubordinatedBondsSecondProgramThreeMember" xlink:to="bap_SubordinatedBondsSecondProgramThreeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SubordinatedBondsSecondProgramThreeMember_lbl" xml:lang="en-US">n/a</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SubordinatedBondsSecondProgramThreeMember_lbl" xml:lang="en-US">Subordinated Bonds Second Program Three [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SubordinatedBondsSecondProgramThreeMember_lbl" xml:lang="en-US">Subordinated Bonds Second Program Three [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_NegotiableCertificateOfDepositMibancoMember" xlink:label="bap_NegotiableCertificateOfDepositMibancoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_NegotiableCertificateOfDepositMibancoMember" xlink:to="bap_NegotiableCertificateOfDepositMibancoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_NegotiableCertificateOfDepositMibancoMember_lbl" xml:lang="en-US">Negotiable Certificate Of Deposit Mibanco [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_NegotiableCertificateOfDepositMibancoMember_lbl" xml:lang="en-US">Negotiable certificate of deposit - Mibanco [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SubordinatedNegotiableCertificatesBcpMember" xlink:label="bap_SubordinatedNegotiableCertificatesBcpMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SubordinatedNegotiableCertificatesBcpMember" xlink:to="bap_SubordinatedNegotiableCertificatesBcpMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SubordinatedNegotiableCertificatesBcpMember_lbl" xml:lang="en-US">Subordinated Negotiable Certificates Bcp [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SubordinatedNegotiableCertificatesBcpMember_lbl" xml:lang="en-US">Subordinated negotiable certificates - BCP [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CorporateBondsFifthProgramFourMember" xlink:label="bap_CorporateBondsFifthProgramFourMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CorporateBondsFifthProgramFourMember" xlink:to="bap_CorporateBondsFifthProgramFourMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CorporateBondsFifthProgramFourMember_lbl" xml:lang="en-US">Corporate Bonds Fifth Program Four [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CorporateBondsFifthProgramFourMember_lbl" xml:lang="en-US">Corporate bonds Fifth Program Four [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SubordinatedBondsThirdProgramOneMember" xlink:label="bap_SubordinatedBondsThirdProgramOneMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SubordinatedBondsThirdProgramOneMember" xlink:to="bap_SubordinatedBondsThirdProgramOneMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SubordinatedBondsThirdProgramOneMember_lbl" xml:lang="en-US">Subordinated Bonds Third Program One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SubordinatedBondsThirdProgramOneMember_lbl" xml:lang="en-US">Subordinated bonds Third Program One [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SubordinatedBondsThirdProgramTwoMember" xlink:label="bap_SubordinatedBondsThirdProgramTwoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SubordinatedBondsThirdProgramTwoMember" xlink:to="bap_SubordinatedBondsThirdProgramTwoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SubordinatedBondsThirdProgramTwoMember_lbl" xml:lang="en-US">Subordinated Bonds Third Program Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SubordinatedBondsThirdProgramTwoMember_lbl" xml:lang="en-US">Subordinated bonds Third Program Two [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SubordinatedBondsThirdProgramThreeMember" xlink:label="bap_SubordinatedBondsThirdProgramThreeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SubordinatedBondsThirdProgramThreeMember" xlink:to="bap_SubordinatedBondsThirdProgramThreeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SubordinatedBondsThirdProgramThreeMember_lbl" xml:lang="en-US">Subordinated Bonds Third Program Three [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SubordinatedBondsThirdProgramThreeMember_lbl" xml:lang="en-US">Subordinated bonds Third Program Three [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SeniorNoteMember" xlink:label="bap_SeniorNoteMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SeniorNoteMember" xlink:to="bap_SeniorNoteMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SeniorNoteMember_lbl" xml:lang="en-US">Senior Note [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SeniorNoteMember_lbl" xml:lang="en-US">Senior note [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SeniorNotesFiveMember" xlink:label="bap_SeniorNotesFiveMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SeniorNotesFiveMember" xlink:to="bap_SeniorNotesFiveMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SeniorNotesFiveMember_lbl" xml:lang="en-US">Senior Notes Five [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SeniorNotesFiveMember_lbl" xml:lang="en-US">Senior Notes Five [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SeniorNotesSixMember" xlink:label="bap_SeniorNotesSixMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SeniorNotesSixMember" xlink:to="bap_SeniorNotesSixMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SeniorNotesSixMember_lbl" xml:lang="en-US">n/a</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SeniorNotesSixMember_lbl" xml:lang="en-US">Senior Notes Six [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SeniorNotesSixMember_lbl" xml:lang="en-US">Senior Notes Six [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SeniorNotesTenMember" xlink:label="bap_SeniorNotesTenMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SeniorNotesTenMember" xlink:to="bap_SeniorNotesTenMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SeniorNotesTenMember_lbl" xml:lang="en-US">n/a</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SeniorNotesTenMember_lbl" xml:lang="en-US">Senior Notes Ten [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SeniorNotesTenMember_lbl" xml:lang="en-US">Senior Notes Ten [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CorporateBondsFifthProgramFiveMember" xlink:label="bap_CorporateBondsFifthProgramFiveMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CorporateBondsFifthProgramFiveMember" xlink:to="bap_CorporateBondsFifthProgramFiveMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CorporateBondsFifthProgramFiveMember_lbl" xml:lang="en-US">Corporate Bonds Fifth Program Five [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CorporateBondsFifthProgramFiveMember_lbl" xml:lang="en-US">Corporate Bonds Fifth Program Five [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowHedgesMember" xlink:label="ifrs-full_CashFlowHedgesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowHedgesMember" xlink:to="ifrs-full_CashFlowHedgesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowHedgesMember_lbl" xml:lang="en-US">Cash Flow Hedges [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashFlowHedgesMember_lbl" xml:lang="en-US">Cash flow hedges</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfBondsAndNotesIssuedLineItems" xlink:label="bap_DisclosureOfBondsAndNotesIssuedLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfBondsAndNotesIssuedLineItems" xlink:to="bap_DisclosureOfBondsAndNotesIssuedLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfBondsAndNotesIssuedLineItems_lbl" xml:lang="en-US">Disclosure of bonds and notes issued [Line Items]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BorrowingsInterestPaymentBasis" xlink:label="bap_BorrowingsInterestPaymentBasis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BorrowingsInterestPaymentBasis" xlink:to="bap_BorrowingsInterestPaymentBasis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BorrowingsInterestPaymentBasis_lbl" xml:lang="en-US">The description of the basis and the frequency of interest payment.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BorrowingsInterestPaymentBasis_lbl" xml:lang="en-US">Borrowings Interest Payment Basis</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_NotesAndDebentureIssuedExcludingAccruedInterest" xlink:label="bap_NotesAndDebentureIssuedExcludingAccruedInterest" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_NotesAndDebentureIssuedExcludingAccruedInterest" xlink:to="bap_NotesAndDebentureIssuedExcludingAccruedInterest_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_NotesAndDebentureIssuedExcludingAccruedInterest_lbl" xml:lang="en-US">The amount of notes and debentures excluding accrued interest issued by the entity.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_NotesAndDebentureIssuedExcludingAccruedInterest_lbl" xml:lang="en-US">Notes And Debenture Issued Excluding Accrued Interest</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestPayable" xlink:label="ifrs-full_InterestPayable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestPayable" xlink:to="ifrs-full_InterestPayable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestPayable_lbl" xml:lang="en-US">Interest payable</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SeniorNotesOneNewSeniorNotesMember" xlink:label="bap_SeniorNotesOneNewSeniorNotesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SeniorNotesOneNewSeniorNotesMember" xlink:to="bap_SeniorNotesOneNewSeniorNotesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SeniorNotesOneNewSeniorNotesMember_lbl" xml:lang="en-US">This member stands for new senior notes issued under the Senior Notes, one.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SeniorNotesOneNewSeniorNotesMember_lbl" xml:lang="en-US">Senior Notes One New Senior Notes [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SeniorNotesOneNewSeniorNotesMember_lbl" xml:lang="en-US">New Senior Notes under Senior Notes One</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SeniorNotesThreeNewSeniorNotesMember" xlink:label="bap_SeniorNotesThreeNewSeniorNotesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SeniorNotesThreeNewSeniorNotesMember" xlink:to="bap_SeniorNotesThreeNewSeniorNotesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SeniorNotesThreeNewSeniorNotesMember_lbl" xml:lang="en-US">This member stands for new senior notes issued under the Senior Notes, three.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SeniorNotesThreeNewSeniorNotesMember_lbl" xml:lang="en-US">Senior Notes Three New Senior Notes [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SeniorNotesThreeNewSeniorNotesMember_lbl" xml:lang="en-US">New Senior Notes under Senior Notes Three</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FloatingInterestRateMember" xlink:label="ifrs-full_FloatingInterestRateMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FloatingInterestRateMember" xlink:to="ifrs-full_FloatingInterestRateMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FloatingInterestRateMember_lbl" xml:lang="en-US">Floating Interest Rate [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FloatingInterestRateMember_lbl" xml:lang="en-US">Floating interest rate [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TreasuryOfUnitedStatesOfAmericasRateMember" xlink:label="bap_TreasuryOfUnitedStatesOfAmericasRateMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TreasuryOfUnitedStatesOfAmericasRateMember" xlink:to="bap_TreasuryOfUnitedStatesOfAmericasRateMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TreasuryOfUnitedStatesOfAmericasRateMember_lbl" xml:lang="en-US">This member stands for Treasury of the United States of America's rate.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TreasuryOfUnitedStatesOfAmericasRateMember_lbl" xml:lang="en-US">Treasury Of United States Of Americas Rate [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TreasuryOfUnitedStatesOfAmericasRateMember_lbl" xml:lang="en-US">Treasury of the United States of America's rate</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReclassifiedItemsAxis" xlink:label="ifrs-full_ReclassifiedItemsAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReclassifiedItemsAxis" xlink:to="ifrs-full_ReclassifiedItemsAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReclassifiedItemsAxis_lbl" xml:lang="en-US">Reclassified items [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReclassifiedItemsMember" xlink:label="ifrs-full_ReclassifiedItemsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReclassifiedItemsMember" xlink:to="ifrs-full_ReclassifiedItemsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReclassifiedItemsMember_lbl" xml:lang="en-US">Reclassified Items [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReclassifiedItemsMember_lbl" xml:lang="en-US">Reclassified items [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SubsequentEventsMember" xlink:label="bap_SubsequentEventsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SubsequentEventsMember" xlink:to="bap_SubsequentEventsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SubsequentEventsMember_lbl" xml:lang="en-US">Subsequent Events [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SubsequentEventsMember_lbl" xml:lang="en-US">Subsequent Events [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CategoriesOfFinancialLiabilitiesAxis" xlink:label="ifrs-full_CategoriesOfFinancialLiabilitiesAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CategoriesOfFinancialLiabilitiesAxis" xlink:to="ifrs-full_CategoriesOfFinancialLiabilitiesAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CategoriesOfFinancialLiabilitiesAxis_lbl" xml:lang="en-US">Categories of financial liabilities [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialLiabilitiesCategoryMember" xlink:label="ifrs-full_FinancialLiabilitiesCategoryMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialLiabilitiesCategoryMember" xlink:to="ifrs-full_FinancialLiabilitiesCategoryMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialLiabilitiesCategoryMember_lbl" xml:lang="en-US">Financial Liabilities Category [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialLiabilitiesCategoryMember_lbl" xml:lang="en-US">Financial liabilities, category [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DerivativesMember" xlink:label="ifrs-full_DerivativesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DerivativesMember" xlink:to="ifrs-full_DerivativesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DerivativesMember_lbl" xml:lang="en-US">Derivatives [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DerivativesMember_lbl" xml:lang="en-US">Derivatives [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ConsolidatedIncomeMember" xlink:label="bap_ConsolidatedIncomeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ConsolidatedIncomeMember" xlink:to="bap_ConsolidatedIncomeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ConsolidatedIncomeMember_lbl" xml:lang="en-US">Consolidated Income [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ConsolidatedIncomeMember_lbl" xml:lang="en-US">Consolidated income [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue" xlink:label="ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue" xlink:to="ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue_lbl" xml:lang="en-US">Financial instruments designated as hedging instruments, at fair value</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:label="ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:to="ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_lbl" xml:lang="en-US">Repayments of borrowings, classified as financing activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_lbl" xml:lang="en-US">Repurchase of debt</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BorrowingsAdjustmentToInterestRateBasis" xlink:label="ifrs-full_BorrowingsAdjustmentToInterestRateBasis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsAdjustmentToInterestRateBasis" xlink:to="ifrs-full_BorrowingsAdjustmentToInterestRateBasis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BorrowingsAdjustmentToInterestRateBasis_lbl" xml:lang="en-US">Borrowings, adjustment to interest rate basis</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_BorrowingsAdjustmentToInterestRateBasis_lbl" xml:lang="en-US">Basis points</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RepaymentsOfBondsNotesAndDebentures" xlink:label="ifrs-full_RepaymentsOfBondsNotesAndDebentures" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RepaymentsOfBondsNotesAndDebentures" xlink:to="ifrs-full_RepaymentsOfBondsNotesAndDebentures_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RepaymentsOfBondsNotesAndDebentures_lbl" xml:lang="en-US">Repayments of bonds, notes and debentures</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RepaymentsOfBondsNotesAndDebentures_lbl" xml:lang="en-US">Repurchase of debt</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BorrowingsExchangedAmount" xlink:label="bap_BorrowingsExchangedAmount" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BorrowingsExchangedAmount" xlink:to="bap_BorrowingsExchangedAmount_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BorrowingsExchangedAmount_lbl" xml:lang="en-US">Amount of borrowings exchanged during the period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BorrowingsExchangedAmount_lbl" xml:lang="en-US">Borrowings, Exchanged Amount</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_BorrowingsExchangedAmount_lbl" xml:lang="en-US">Borrowings exchanged</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures" xlink:label="ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures" xlink:to="ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures_lbl" xml:lang="en-US">Proceeds from issue of bonds, notes and debentures</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures_lbl" xml:lang="en-US">Senior notes issued</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_IfrsDebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed" xlink:label="bap_IfrsDebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_IfrsDebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed" xlink:to="bap_IfrsDebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_IfrsDebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed_lbl" xml:lang="en-US">Percentage of principal amount of debt redeemed.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_IfrsDebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed_lbl" xml:lang="en-US">Ifrs Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_IfrsDebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed_lbl" xml:lang="en-US">Redemption price, as a percentage of principal amount</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DebtInstrumentRedemptionPriceInterestRateBasisUsed" xlink:label="bap_DebtInstrumentRedemptionPriceInterestRateBasisUsed" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DebtInstrumentRedemptionPriceInterestRateBasisUsed" xlink:to="bap_DebtInstrumentRedemptionPriceInterestRateBasisUsed_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DebtInstrumentRedemptionPriceInterestRateBasisUsed_lbl" xml:lang="en-US">Percentage of interest rate basis used for calculating the sum of the present value of cash flows for the redemption of debt instrument.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DebtInstrumentRedemptionPriceInterestRateBasisUsed_lbl" xml:lang="en-US">Debt Instrument, Redemption Price, Interest Rate Basis Used</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DebtInstrumentRedemptionPriceInterestRateBasisUsed_lbl" xml:lang="en-US">Redemption price, interest rate basis</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_IfrsDebtConversionOriginalDebtAmount" xlink:label="bap_IfrsDebtConversionOriginalDebtAmount" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_IfrsDebtConversionOriginalDebtAmount" xlink:to="bap_IfrsDebtConversionOriginalDebtAmount_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_IfrsDebtConversionOriginalDebtAmount_lbl" xml:lang="en-US">The amount of the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_IfrsDebtConversionOriginalDebtAmount_lbl" xml:lang="en-US">IFRS Debt Conversion, Original Debt, Amount</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_IfrsDebtConversionOriginalDebtAmount_lbl" xml:lang="en-US">Original amount of debt proposed to be exchanged</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfEquityTable" xlink:label="bap_DisclosureOfEquityTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfEquityTable" xlink:to="bap_DisclosureOfEquityTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfEquityTable_lbl" xml:lang="en-US">Disclosure of equity [Table]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfEquityLineItems" xlink:label="bap_DisclosureOfEquityLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfEquityLineItems" xlink:to="bap_DisclosureOfEquityLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfEquityLineItems_lbl" xml:lang="en-US">Disclosure of equity [Line Items]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_IfrsTreasuryShares" xlink:label="bap_IfrsTreasuryShares" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_IfrsTreasuryShares" xlink:to="bap_IfrsTreasuryShares_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_IfrsTreasuryShares_lbl" xml:lang="en-US">The treasury shares.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_IfrsTreasuryShares_lbl" xml:lang="en-US">IFRS Treasury Shares</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NumberOfOutstandingShareOptions" xlink:label="ifrs-full_NumberOfOutstandingShareOptions" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfOutstandingShareOptions" xlink:to="ifrs-full_NumberOfOutstandingShareOptions_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfOutstandingShareOptions_lbl" xml:lang="en-US">Number of share options outstanding in share-based payment arrangement</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NumberOfSharesOutstanding" xlink:label="ifrs-full_NumberOfSharesOutstanding" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfSharesOutstanding" xlink:to="ifrs-full_NumberOfSharesOutstanding_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfSharesOutstanding_lbl" xml:lang="en-US">Number of shares outstanding</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReservesWithinEquityAxis" xlink:label="ifrs-full_ReservesWithinEquityAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReservesWithinEquityAxis" xlink:to="ifrs-full_ReservesWithinEquityAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReservesWithinEquityAxis_lbl" xml:lang="en-US">Reserves within equity [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherReservesMember" xlink:label="ifrs-full_OtherReservesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherReservesMember" xlink:to="ifrs-full_OtherReservesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherReservesMember_lbl" xml:lang="en-US">Other Reserves [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherReservesMember_lbl" xml:lang="en-US">Other reserves [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReserveOfCashFlowHedgesMember" xlink:label="ifrs-full_ReserveOfCashFlowHedgesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReserveOfCashFlowHedgesMember" xlink:to="ifrs-full_ReserveOfCashFlowHedgesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReserveOfCashFlowHedgesMember_lbl" xml:lang="en-US">Reserve Of Cash Flow Hedges [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReserveOfCashFlowHedgesMember_lbl" xml:lang="en-US">Cash flow hedge reserve</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:label="ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:to="ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember_lbl" xml:lang="en-US">Reserve Of Exchange Differences On Translation [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember_lbl" xml:lang="en-US">Foreign currency translation reserve</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComponentsOfEquityAxis" xlink:label="ifrs-full_ComponentsOfEquityAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComponentsOfEquityAxis" xlink:to="ifrs-full_ComponentsOfEquityAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComponentsOfEquityAxis_lbl" xml:lang="en-US">Components of equity [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityMember" xlink:label="ifrs-full_EquityMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityMember" xlink:to="ifrs-full_EquityMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityMember_lbl" xml:lang="en-US">Equity [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EquityMember_lbl" xml:lang="en-US">Equity [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherReserveMember" xlink:label="bap_OtherReserveMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherReserveMember" xlink:to="bap_OtherReserveMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherReserveMember_lbl" xml:lang="en-US">Other Reserve [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_OtherReserveMember_lbl" xml:lang="en-US">Other reserves [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsNetOfTax" xlink:label="ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsNetOfTax" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsNetOfTax" xlink:to="ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsNetOfTax_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsNetOfTax_lbl" xml:lang="en-US">Gains (losses) on remeasuring available-for-sale financial assets, net of tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsNetOfTax_lbl" xml:lang="en-US">Increase (Decrease) in net unrealized gains on investments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsNetOfTax_lbl" xml:lang="en-US">Net unrealized gain</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsNetOfTax" xlink:label="ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsNetOfTax" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsNetOfTax" xlink:to="ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsNetOfTax_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsNetOfTax_lbl" xml:lang="en-US">Reclassification adjustments on available-for-sale financial assets, net of tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsNetOfTax_lbl" xml:lang="en-US">Transfer of net realized (gains) loss on investments to profit or loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsNetOfTax_lbl" xml:lang="en-US">Transfer of net realized gain to profit or loss</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:label="ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLoss" />
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLoss_lbl" xml:lang="en-US">Reversal of impairment loss recognised in profit or loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLoss_lbl" xml:lang="en-US">Transfer of the recovery of the impairment credit loss on investments to profit or loss, Note 24</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax" xlink:label="ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax" xlink:to="ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax_lbl" xml:lang="en-US">Reclassification adjustments on cash flow hedges, net of tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax_lbl" xml:lang="en-US">Transfer of net realized losses (gains) on cash flow hedges derivatives to profit or loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax_lbl" xml:lang="en-US">Transfer of net realized losses on cash flow hedges to profit or loss</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" xlink:to="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax_lbl" xml:lang="en-US">Gains (losses) on exchange differences on translation, net of tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/presentationGuidance" xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax_lbl" xml:lang="en-US">Foreign exchange translation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax_lbl" xml:lang="en-US">Exchange gains or losses</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax" xlink:label="ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax" xlink:to="ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax_lbl" xml:lang="en-US">Reclassification adjustments on exchange differences on translation, net of tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax_lbl" xml:lang="en-US">Net movement in hedges of net investments in foreign businesses</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_IncreaseDecreaseThroughOtherChangesInEquityOfOtherReserves" xlink:label="bap_IncreaseDecreaseThroughOtherChangesInEquityOfOtherReserves" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_IncreaseDecreaseThroughOtherChangesInEquityOfOtherReserves" xlink:to="bap_IncreaseDecreaseThroughOtherChangesInEquityOfOtherReserves_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_IncreaseDecreaseThroughOtherChangesInEquityOfOtherReserves_lbl" xml:lang="en-US">The amount of increase decrease through other changes in equity of other reserves.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_IncreaseDecreaseThroughOtherChangesInEquityOfOtherReserves_lbl" xml:lang="en-US">Increase Decrease Through Other Changes in Equity of Other Reserves</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_IncreaseDecreaseThroughOtherChangesInEquityOfOtherReserves_lbl" xml:lang="en-US">Other reserves</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAbstract" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAbstract" xlink:to="ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAbstract_lbl" xml:lang="en-US">Financial assets at fair value through other comprehensive income [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAbstract_lbl" xml:lang="en-US">Investments at fair value through other comprehensive income:</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_UnrealizedGainLossOnInvestment" xlink:label="bap_UnrealizedGainLossOnInvestment" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_UnrealizedGainLossOnInvestment" xlink:to="bap_UnrealizedGainLossOnInvestment_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_UnrealizedGainLossOnInvestment_lbl" xml:lang="en-US">The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of investments, not including unrealized gains or losses on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity, held at each balance sheet date and included in earnings for the period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_UnrealizedGainLossOnInvestment_lbl" xml:lang="en-US">Unrealized Gain Loss on Investment</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_UnrealizedGainLossOnInvestment_lbl" xml:lang="en-US">Net unrealized (gain) loss</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax" xlink:label="ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax" xlink:to="ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax_lbl" xml:lang="en-US">Reclassification adjustments on financial assets measured at fair value through other comprehensive income, net of tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax_lbl" xml:lang="en-US">Transfer of realized gains on available-for-sale investments to profit or loss, net of realized losses</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AmountsRemovedFromEquityAndAdjustedAgainstFairValueOfFinancialAssetsOnReclassificationOutOfFairValueThroughOtherComprehensiveIncomeMeasurementCategoryNetOfTax" xlink:label="ifrs-full_AmountsRemovedFromEquityAndAdjustedAgainstFairValueOfFinancialAssetsOnReclassificationOutOfFairValueThroughOtherComprehensiveIncomeMeasurementCategoryNetOfTax" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AmountsRemovedFromEquityAndAdjustedAgainstFairValueOfFinancialAssetsOnReclassificationOutOfFairValueThroughOtherComprehensiveIncomeMeasurementCategoryNetOfTax" xlink:to="ifrs-full_AmountsRemovedFromEquityAndAdjustedAgainstFairValueOfFinancialAssetsOnReclassificationOutOfFairValueThroughOtherComprehensiveIncomeMeasurementCategoryNetOfTax_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AmountsRemovedFromEquityAndAdjustedAgainstFairValueOfFinancialAssetsOnReclassificationOutOfFairValueThroughOtherComprehensiveIncomeMeasurementCategoryNetOfTax_lbl" xml:lang="en-US">Amounts removed from equity and adjusted against fair value of financial assets on reclassification out of fair value through other comprehensive income measurement category, net of tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_AmountsRemovedFromEquityAndAdjustedAgainstFairValueOfFinancialAssetsOnReclassificationOutOfFairValueThroughOtherComprehensiveIncomeMeasurementCategoryNetOfTax_lbl" xml:lang="en-US">Amounts removed from equity and adjusted against fair value of financial assets on reclassification out of fair value through other comprehensive income measurement category, net of tax</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:to="ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_lbl" xml:lang="en-US">Other comprehensive income that will not be reclassified to profit or loss, net of tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_lbl" xml:lang="en-US">Sub total</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherComprehensiveIncomeInvestmentAtFairValueAttributableToNoncontrollingInterest" xlink:label="bap_OtherComprehensiveIncomeInvestmentAtFairValueAttributableToNoncontrollingInterest" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherComprehensiveIncomeInvestmentAtFairValueAttributableToNoncontrollingInterest" xlink:to="bap_OtherComprehensiveIncomeInvestmentAtFairValueAttributableToNoncontrollingInterest_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_OtherComprehensiveIncomeInvestmentAtFairValueAttributableToNoncontrollingInterest_lbl" xml:lang="en-US">The amount of other comprehensive income, net of tax, related to investment at fair value for non-controlling interest.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherComprehensiveIncomeInvestmentAtFairValueAttributableToNoncontrollingInterest_lbl" xml:lang="en-US">Other Comprehensive Income Investment At Fair Value Attributable To Noncontrolling Interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_OtherComprehensiveIncomeInvestmentAtFairValueAttributableToNoncontrollingInterest_lbl" xml:lang="en-US">Non-controlling interest</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AvailableforsaleFinancialAssetsAbstract" xlink:label="ifrs-full_AvailableforsaleFinancialAssetsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AvailableforsaleFinancialAssetsAbstract" xlink:to="ifrs-full_AvailableforsaleFinancialAssetsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AvailableforsaleFinancialAssetsAbstract_lbl" xml:lang="en-US">Available-for-sale financial assets [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AvailableforsaleFinancialAssetsAbstract_lbl" xml:lang="en-US">Available-for-sale investments:</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowHedgesAbstract" xlink:label="ifrs-full_CashFlowHedgesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowHedgesAbstract" xlink:to="ifrs-full_CashFlowHedgesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowHedgesAbstract_lbl" xml:lang="en-US">Cash flow hedges [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CashFlowHedgesAbstract_lbl" xml:lang="en-US">Cash flow hedge:</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherComprehensiveIncomeBeforeTaxCashFlowHedgesAttributableToNoncontrollingInterest" xlink:label="bap_OtherComprehensiveIncomeBeforeTaxCashFlowHedgesAttributableToNoncontrollingInterest" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherComprehensiveIncomeBeforeTaxCashFlowHedgesAttributableToNoncontrollingInterest" xlink:to="bap_OtherComprehensiveIncomeBeforeTaxCashFlowHedgesAttributableToNoncontrollingInterest_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_OtherComprehensiveIncomeBeforeTaxCashFlowHedgesAttributableToNoncontrollingInterest_lbl" xml:lang="en-US">The amount of other comprehensive income, net of tax, related to cash flow hedges attributable to non-controlling interest.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherComprehensiveIncomeBeforeTaxCashFlowHedgesAttributableToNoncontrollingInterest_lbl" xml:lang="en-US">Other Comprehensive Income Before Tax Cash Flow Hedges Attributable To Non-Controlling Interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_OtherComprehensiveIncomeBeforeTaxCashFlowHedgesAttributableToNoncontrollingInterest_lbl" xml:lang="en-US">Non-controlling interest</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherReservesAbstract" xlink:label="ifrs-full_OtherReservesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherReservesAbstract" xlink:to="ifrs-full_OtherReservesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherReservesAbstract_lbl" xml:lang="en-US">Other reserves [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherReservesAbstract_lbl" xml:lang="en-US">Other reserves:</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InsuranceFinanceIncomeExpensesFromInsuranceContractsIssuedExcludedFromProfitOrLossThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:label="ifrs-full_InsuranceFinanceIncomeExpensesFromInsuranceContractsIssuedExcludedFromProfitOrLossThatWillBeReclassifiedToProfitOrLossNetOfTax" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InsuranceFinanceIncomeExpensesFromInsuranceContractsIssuedExcludedFromProfitOrLossThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:to="ifrs-full_InsuranceFinanceIncomeExpensesFromInsuranceContractsIssuedExcludedFromProfitOrLossThatWillBeReclassifiedToProfitOrLossNetOfTax_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InsuranceFinanceIncomeExpensesFromInsuranceContractsIssuedExcludedFromProfitOrLossThatWillBeReclassifiedToProfitOrLossNetOfTax_lbl" xml:lang="en-US">Insurance finance income (expenses) from insurance contracts issued excluded from profit or loss that will be reclassified to profit or loss, net of tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InsuranceFinanceIncomeExpensesFromInsuranceContractsIssuedExcludedFromProfitOrLossThatWillBeReclassifiedToProfitOrLossNetOfTax_lbl" xml:lang="en-US">Insurances reserves</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherComprehensiveIncomeBeforeTaxOtherReservesAttributableToNonControllingInterest" xlink:label="bap_OtherComprehensiveIncomeBeforeTaxOtherReservesAttributableToNonControllingInterest" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherComprehensiveIncomeBeforeTaxOtherReservesAttributableToNonControllingInterest" xlink:to="bap_OtherComprehensiveIncomeBeforeTaxOtherReservesAttributableToNonControllingInterest_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_OtherComprehensiveIncomeBeforeTaxOtherReservesAttributableToNonControllingInterest_lbl" xml:lang="en-US">The amount of other comprehensive income, net of tax, related to other reserves attributable to non-controlling interest.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherComprehensiveIncomeBeforeTaxOtherReservesAttributableToNonControllingInterest_lbl" xml:lang="en-US">Other Comprehensive Income Before Tax, Other Reserves, Attributable To Non Controlling Interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_OtherComprehensiveIncomeBeforeTaxOtherReservesAttributableToNonControllingInterest_lbl" xml:lang="en-US">Non-controlling interest</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ExchangeDifferencesOnTranslationAbstract" xlink:label="ifrs-full_ExchangeDifferencesOnTranslationAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExchangeDifferencesOnTranslationAbstract" xlink:to="ifrs-full_ExchangeDifferencesOnTranslationAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ExchangeDifferencesOnTranslationAbstract_lbl" xml:lang="en-US">Exchange differences on translation [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ExchangeDifferencesOnTranslationAbstract_lbl" xml:lang="en-US">Foreign exchange translation:</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationIncludingAttributableToNonControllingInterest" xlink:label="bap_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationIncludingAttributableToNonControllingInterest" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationIncludingAttributableToNonControllingInterest" xlink:to="bap_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationIncludingAttributableToNonControllingInterest_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationIncludingAttributableToNonControllingInterest_lbl" xml:lang="en-US">The amount of other comprehensive income, net of tax, related to exchange differences when financial statements of foreign operations are translated, including portion attributable to non-controlling interest.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationIncludingAttributableToNonControllingInterest_lbl" xml:lang="en-US">Other Comprehensive Income, Net Of Tax, Exchange Differences On Translation Including Attributable To Non-Controlling Interest]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationIncludingAttributableToNonControllingInterest_lbl" xml:lang="en-US">Sub total</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationAttributableToNoncontrollingInterest" xlink:label="bap_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationAttributableToNoncontrollingInterest" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationAttributableToNoncontrollingInterest" xlink:to="bap_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationAttributableToNoncontrollingInterest_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationAttributableToNoncontrollingInterest_lbl" xml:lang="en-US">The amount of other comprehensive income, net of tax, related to exchange differences when financial statements of foreign operations are translated attributable to non-controlling interest.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationAttributableToNoncontrollingInterest_lbl" xml:lang="en-US">Other Comprehensive Income Net Of Tax Exchange Differences On Translation Attributable To Non-Controlling Interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationAttributableToNoncontrollingInterest_lbl" xml:lang="en-US">Non-controlling interest</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:to="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract_lbl" xml:lang="en-US">Components of other comprehensive income that will not be reclassified to profit or loss, net of tax [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract_lbl" xml:lang="en-US">Not to be reclassified to the consolidated statement of income in later periods:</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstrumentsAbstract" xlink:label="bap_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstrumentsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstrumentsAbstract" xlink:to="bap_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstrumentsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstrumentsAbstract_lbl" xml:lang="en-US">No definition available.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstrumentsAbstract_lbl" xml:lang="en-US">Other Comprehensive Income, Before Tax, Gains (Losses) From Investments In Equity Instruments [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstrumentsAbstract_lbl" xml:lang="en-US">Equity instruments at fair value through other comprehensive income -</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments" xlink:to="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments_lbl" xml:lang="en-US">Other comprehensive income, net of tax, gains (losses) on hedging instruments that hedge investments in equity instruments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments_lbl" xml:lang="en-US">Net unrealized gains</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherComprehensiveIncomeBeforeTaxInvestmentsInEquityInstrumentsAttributableToNonControllingInterest" xlink:label="bap_OtherComprehensiveIncomeBeforeTaxInvestmentsInEquityInstrumentsAttributableToNonControllingInterest" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherComprehensiveIncomeBeforeTaxInvestmentsInEquityInstrumentsAttributableToNonControllingInterest" xlink:to="bap_OtherComprehensiveIncomeBeforeTaxInvestmentsInEquityInstrumentsAttributableToNonControllingInterest_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_OtherComprehensiveIncomeBeforeTaxInvestmentsInEquityInstrumentsAttributableToNonControllingInterest_lbl" xml:lang="en-US">The amount of other comprehensive income, net of tax, related to investments in equity instruments attributable to non-controlling interest.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherComprehensiveIncomeBeforeTaxInvestmentsInEquityInstrumentsAttributableToNonControllingInterest_lbl" xml:lang="en-US">Other Comprehensive Income Before Tax, Investments In Equity Instruments, Attributable To Non Controlling Interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_OtherComprehensiveIncomeBeforeTaxInvestmentsInEquityInstrumentsAttributableToNonControllingInterest_lbl" xml:lang="en-US">Non-controlling interest</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DividendsPaidOrdinarySharesPerShare" xlink:label="ifrs-full_DividendsPaidOrdinarySharesPerShare" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsPaidOrdinarySharesPerShare" xlink:to="ifrs-full_DividendsPaidOrdinarySharesPerShare_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DividendsPaidOrdinarySharesPerShare_lbl" xml:lang="en-US">Dividends paid, ordinary shares per share</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DividendsPaidOrdinarySharesPerShare_lbl" xml:lang="en-US">Payment of dividends per share (in soles)</label>
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_LegalEntityAxis" xlink:label="dei_LegalEntityAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LegalEntityAxis" xlink:to="dei_LegalEntityAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_LegalEntityAxis_lbl" xml:lang="en-US">Legal Entity [Axis]</label>
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityDomain" xlink:label="dei_EntityDomain" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityDomain" xlink:to="dei_EntityDomain_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityDomain_lbl" xml:lang="en-US">Entity [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityDomain_lbl" xml:lang="en-US">Entity [Domain]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_GroupMember" xlink:label="bap_GroupMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_GroupMember" xlink:to="bap_GroupMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_GroupMember_lbl" xml:lang="en-US">Group [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_GroupMember_lbl" xml:lang="en-US">Group [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NumberOfSharesIssued" xlink:label="ifrs-full_NumberOfSharesIssued" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfSharesIssued" xlink:to="ifrs-full_NumberOfSharesIssued_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfSharesIssued_lbl" xml:lang="en-US">Number of shares issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NumberOfSharesIssued_lbl" xml:lang="en-US">Ordinary stock, Note 18(a)</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ParValuePerShare" xlink:label="ifrs-full_ParValuePerShare" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ParValuePerShare" xlink:to="ifrs-full_ParValuePerShare_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ParValuePerShare_lbl" xml:lang="en-US">Par value per share</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PurchaseOfNumberOfTreasuryShares" xlink:label="bap_PurchaseOfNumberOfTreasuryShares" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PurchaseOfNumberOfTreasuryShares" xlink:to="bap_PurchaseOfNumberOfTreasuryShares_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PurchaseOfNumberOfTreasuryShares_lbl" xml:lang="en-US">The number of treasury stock purchased during the period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PurchaseOfNumberOfTreasuryShares_lbl" xml:lang="en-US">Purchase of number of treasury shares</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PurchaseOfTreasuryShares" xlink:label="ifrs-full_PurchaseOfTreasuryShares" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchaseOfTreasuryShares" xlink:to="ifrs-full_PurchaseOfTreasuryShares_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PurchaseOfTreasuryShares_lbl" xml:lang="en-US">Purchase of treasury shares</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DescriptionOfSignificantRestrictionsOnEntitysstatutoryReserve" xlink:label="bap_DescriptionOfSignificantRestrictionsOnEntitysstatutoryReserve" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DescriptionOfSignificantRestrictionsOnEntitysstatutoryReserve" xlink:to="bap_DescriptionOfSignificantRestrictionsOnEntitysstatutoryReserve_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DescriptionOfSignificantRestrictionsOnEntitysstatutoryReserve_lbl" xml:lang="en-US">The description of significant restrictions (for example, statutory, contractual and regulatory restrictions) on the entity's maintainable statutory reserve and its transfer.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DescriptionOfSignificantRestrictionsOnEntitysstatutoryReserve_lbl" xml:lang="en-US">Description of significant restrictions on entity's statutory reserve</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_StatutoryReserve" xlink:label="ifrs-full_StatutoryReserve" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatutoryReserve" xlink:to="ifrs-full_StatutoryReserve_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_StatutoryReserve_lbl" xml:lang="en-US">Statutory reserve</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTransferToStatutoryReserve" xlink:label="ifrs-full_IncreaseDecreaseThroughTransferToStatutoryReserve" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughTransferToStatutoryReserve" xlink:to="ifrs-full_IncreaseDecreaseThroughTransferToStatutoryReserve_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughTransferToStatutoryReserve_lbl" xml:lang="en-US">Increase (decrease) through transfer to statutory reserve, equity</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_WithholdingTaxRate" xlink:label="bap_WithholdingTaxRate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_WithholdingTaxRate" xlink:to="bap_WithholdingTaxRate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_WithholdingTaxRate_lbl" xml:lang="en-US">The rate of withholding tax effect on foreign transactions.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_WithholdingTaxRate_lbl" xml:lang="en-US">Withholding tax rate</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CapitalCommitments" xlink:label="ifrs-full_CapitalCommitments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CapitalCommitments" xlink:to="ifrs-full_CapitalCommitments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CapitalCommitments_lbl" xml:lang="en-US">Capital commitments</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_IncreaseOfCapitalRequirement" xlink:label="bap_IncreaseOfCapitalRequirement" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_IncreaseOfCapitalRequirement" xlink:to="bap_IncreaseOfCapitalRequirement_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_IncreaseOfCapitalRequirement_lbl" xml:lang="en-US">The excess amount of capital commitment held by company during the period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_IncreaseOfCapitalRequirement_lbl" xml:lang="en-US">Increase of capital requirement</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InterimDividendPayable" xlink:label="bap_InterimDividendPayable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InterimDividendPayable" xlink:to="bap_InterimDividendPayable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_InterimDividendPayable_lbl" xml:lang="en-US">The amount of interim dividends that the company has declared.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InterimDividendPayable_lbl" xml:lang="en-US">Interim dividend payable</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfTaxSituationTable" xlink:label="bap_DisclosureOfTaxSituationTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfTaxSituationTable" xlink:to="bap_DisclosureOfTaxSituationTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfTaxSituationTable_lbl" xml:lang="en-US">Disclosure of tax situation [Table]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfTaxSituationLineItems" xlink:label="bap_DisclosureOfTaxSituationLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfTaxSituationLineItems" xlink:to="bap_DisclosureOfTaxSituationLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfTaxSituationLineItems_lbl" xml:lang="en-US">Disclosure of tax situation [Line Items]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SurchargeRate" xlink:label="bap_SurchargeRate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SurchargeRate" xlink:to="bap_SurchargeRate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SurchargeRate_lbl" xml:lang="en-US">The percentage of surcharge applicable during the period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SurchargeRate_lbl" xml:lang="en-US">Surcharge Rate</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_NumberOfUnitsOfTaxValue" xlink:label="bap_NumberOfUnitsOfTaxValue" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_NumberOfUnitsOfTaxValue" xlink:to="bap_NumberOfUnitsOfTaxValue_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_NumberOfUnitsOfTaxValue_lbl" xml:lang="en-US">Number of units of tax value for additional surcharge rate calculation basis.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_NumberOfUnitsOfTaxValue_lbl" xml:lang="en-US">Number of Units of Tax Value</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TaxValueAmountAdditionalRateApplicability" xlink:label="bap_TaxValueAmountAdditionalRateApplicability" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TaxValueAmountAdditionalRateApplicability" xlink:to="bap_TaxValueAmountAdditionalRateApplicability_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TaxValueAmountAdditionalRateApplicability_lbl" xml:lang="en-US">Amount of tax value that the company needs to pay the income tax taking into account upon additional surcharge applicability.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TaxValueAmountAdditionalRateApplicability_lbl" xml:lang="en-US">Tax Vaue amount</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TaxExpenseIncomeAtApplicableTaxRate" xlink:label="ifrs-full_TaxExpenseIncomeAtApplicableTaxRate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TaxExpenseIncomeAtApplicableTaxRate" xlink:to="ifrs-full_TaxExpenseIncomeAtApplicableTaxRate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TaxExpenseIncomeAtApplicableTaxRate_lbl" xml:lang="en-US">Tax expense (income) at applicable tax rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_TaxExpenseIncomeAtApplicableTaxRate_lbl" xml:lang="en-US">Theoretical tax and income tax rate in Peru</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_IncreaseDecreaseInStatutoryReserveAbstract" xlink:label="bap_IncreaseDecreaseInStatutoryReserveAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_IncreaseDecreaseInStatutoryReserveAbstract" xlink:to="bap_IncreaseDecreaseInStatutoryReserveAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_IncreaseDecreaseInStatutoryReserveAbstract_lbl" xml:lang="en-US">Increase decrease in statutory reserve [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_IncreaseDecreaseInStatutoryReserveAbstract_lbl" xml:lang="en-US">Increase (decrease) in the statutory tax rate due to:</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TaxRateEffectOfRevenuesOfForeignSubsidiariesExemptFromTaxation" xlink:label="bap_TaxRateEffectOfRevenuesOfForeignSubsidiariesExemptFromTaxation" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TaxRateEffectOfRevenuesOfForeignSubsidiariesExemptFromTaxation" xlink:to="bap_TaxRateEffectOfRevenuesOfForeignSubsidiariesExemptFromTaxation_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TaxRateEffectOfRevenuesOfForeignSubsidiariesExemptFromTaxation_lbl" xml:lang="en-US">The tax rate effect on the reconciliation between the average effective tax rate and the applicable tax rate resulting from the revenues of foreign subsidiaries exempt from taxation.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TaxRateEffectOfRevenuesOfForeignSubsidiariesExemptFromTaxation_lbl" xml:lang="en-US">Tax rate effect of revenues of foreign subsidiaries exempt from taxation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TaxRateEffectOfRevenuesOfForeignSubsidiariesExemptFromTaxation_lbl" xml:lang="en-US">(i) Increase (decrease) due to the profit of subsidiaries not domiciled in Peru (in percent)</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TaxEffectOfRevenuesOfForeignSubsidiariesExemptFromTaxation" xlink:label="bap_TaxEffectOfRevenuesOfForeignSubsidiariesExemptFromTaxation" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TaxEffectOfRevenuesOfForeignSubsidiariesExemptFromTaxation" xlink:to="bap_TaxEffectOfRevenuesOfForeignSubsidiariesExemptFromTaxation_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TaxEffectOfRevenuesOfForeignSubsidiariesExemptFromTaxation_lbl" xml:lang="en-US">The amount that represents the difference between the average effective tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) resulting from the revenues of foreign subsidiaries exempt from taxation.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TaxEffectOfRevenuesOfForeignSubsidiariesExemptFromTaxation_lbl" xml:lang="en-US">Tax Effect Of Revenues Of Foreign Subsidiaries Exempt From Taxation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TaxEffectOfRevenuesOfForeignSubsidiariesExemptFromTaxation_lbl" xml:lang="en-US">(i) Increase (decrease) due to the profit of subsidiaries not domiciled in Peru</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TaxRateEffectFromProvisionTaxOnDividends" xlink:label="bap_TaxRateEffectFromProvisionTaxOnDividends" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TaxRateEffectFromProvisionTaxOnDividends" xlink:to="bap_TaxRateEffectFromProvisionTaxOnDividends_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TaxRateEffectFromProvisionTaxOnDividends_lbl" xml:lang="en-US">The tax rate effect on the reconciliation between the average effective tax rate and the applicable tax rate resulting from the provision tax on dividends.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TaxRateEffectFromProvisionTaxOnDividends_lbl" xml:lang="en-US">Tax Rate Effect From Provision Tax on Dividends</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TaxRateEffectFromProvisionTaxOnDividends_lbl" xml:lang="en-US">(ii) Provision tax on dividends (in percent)</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TaxEffectFromProvisionTaxOnDividends" xlink:label="bap_TaxEffectFromProvisionTaxOnDividends" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TaxEffectFromProvisionTaxOnDividends" xlink:to="bap_TaxEffectFromProvisionTaxOnDividends_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TaxEffectFromProvisionTaxOnDividends_lbl" xml:lang="en-US">The amount that represents the difference between the average effective tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) resulting from the provision tax on dividends.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TaxEffectFromProvisionTaxOnDividends_lbl" xml:lang="en-US">Tax Effect From Provision Tax On Dividends</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="bap_TaxEffectFromProvisionTaxOnDividends_lbl" xml:lang="en-US">(ii) Provision tax on dividends</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TaxRateEffectOfRevenuesExemptFromTaxation" xlink:label="ifrs-full_TaxRateEffectOfRevenuesExemptFromTaxation" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TaxRateEffectOfRevenuesExemptFromTaxation" xlink:to="ifrs-full_TaxRateEffectOfRevenuesExemptFromTaxation_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TaxRateEffectOfRevenuesExemptFromTaxation_lbl" xml:lang="en-US">Tax rate effect of revenues exempt from taxation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TaxRateEffectOfRevenuesExemptFromTaxation_lbl" xml:lang="en-US">(iii) Non-taxable income, net (in percent)</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TaxEffectOfRevenuesExemptFromTaxation2011" xlink:label="ifrs-full_TaxEffectOfRevenuesExemptFromTaxation2011" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TaxEffectOfRevenuesExemptFromTaxation2011" xlink:to="ifrs-full_TaxEffectOfRevenuesExemptFromTaxation2011_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TaxEffectOfRevenuesExemptFromTaxation2011_lbl" xml:lang="en-US">Tax effect of revenues exempt from taxation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TaxEffectOfRevenuesExemptFromTaxation2011_lbl" xml:lang="en-US">(iii) Non-taxable income, net</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TaxRateEffectFromChangeInTaxRate" xlink:label="ifrs-full_TaxRateEffectFromChangeInTaxRate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TaxRateEffectFromChangeInTaxRate" xlink:to="ifrs-full_TaxRateEffectFromChangeInTaxRate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TaxRateEffectFromChangeInTaxRate_lbl" xml:lang="en-US">Tax rate effect from change in tax rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TaxRateEffectFromChangeInTaxRate_lbl" xml:lang="en-US">(iv) Change in estimate of deferred tax rate, net (Banco de Crdito de Bolivia) (in percent)</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TaxEffectFromChangeInTaxRate" xlink:label="ifrs-full_TaxEffectFromChangeInTaxRate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TaxEffectFromChangeInTaxRate" xlink:to="ifrs-full_TaxEffectFromChangeInTaxRate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TaxEffectFromChangeInTaxRate_lbl" xml:lang="en-US">Tax effect from change in tax rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_TaxEffectFromChangeInTaxRate_lbl" xml:lang="en-US">(iv) Change in estimate of deferred tax rate, net (Banco de Crdito de Bolivia)</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AverageEffectiveTaxRate" xlink:label="ifrs-full_AverageEffectiveTaxRate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AverageEffectiveTaxRate" xlink:to="ifrs-full_AverageEffectiveTaxRate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AverageEffectiveTaxRate_lbl" xml:lang="en-US">Average effective tax rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AverageEffectiveTaxRate_lbl" xml:lang="en-US">Income tax and effective income tax rate (in percent)</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CountryOfDomicileMember" xlink:label="ifrs-full_CountryOfDomicileMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CountryOfDomicileMember" xlink:to="ifrs-full_CountryOfDomicileMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CountryOfDomicileMember_lbl" xml:lang="en-US">Country Of Domicile [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CountryOfDomicileMember_lbl" xml:lang="en-US">In Peru</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ForeignCountriesMember" xlink:label="ifrs-full_ForeignCountriesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ForeignCountriesMember" xlink:to="ifrs-full_ForeignCountriesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ForeignCountriesMember_lbl" xml:lang="en-US">Foreign Countries [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ForeignCountriesMember_lbl" xml:lang="en-US">In other countries</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract" xlink:label="ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract" xlink:to="ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract_lbl" xml:lang="en-US">Current tax expense (income) and adjustments for current tax of prior periods [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract_lbl" xml:lang="en-US">Current -</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentTaxExpenseIncome" xlink:label="ifrs-full_CurrentTaxExpenseIncome" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentTaxExpenseIncome" xlink:to="ifrs-full_CurrentTaxExpenseIncome_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentTaxExpenseIncome_lbl" xml:lang="en-US">Current tax expense (income)</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DeferredIncomeTaxAssetsNetAbstract" xlink:label="bap_DeferredIncomeTaxAssetsNetAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DeferredIncomeTaxAssetsNetAbstract" xlink:to="bap_DeferredIncomeTaxAssetsNetAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DeferredIncomeTaxAssetsNetAbstract_lbl" xml:lang="en-US">Deferred income tax assets, net [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DeferredIncomeTaxAssetsNetAbstract_lbl" xml:lang="en-US">Deferred income tax asset, net</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DeferredAssetAbstract" xlink:label="bap_DeferredAssetAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DeferredAssetAbstract" xlink:to="bap_DeferredAssetAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DeferredAssetAbstract_lbl" xml:lang="en-US">Deferred asset [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DeferredAssetAbstract_lbl" xml:lang="en-US">Deferred asset</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DeferredTaxAssets" xlink:label="ifrs-full_DeferredTaxAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxAssets" xlink:to="ifrs-full_DeferredTaxAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DeferredTaxAssets_lbl" xml:lang="en-US">Deferred tax assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DeferredTaxAssets_lbl" xml:lang="en-US">Deferred asset</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DeferredIncomeTaxLiabilitiesNetAbstract" xlink:label="bap_DeferredIncomeTaxLiabilitiesNetAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DeferredIncomeTaxLiabilitiesNetAbstract" xlink:to="bap_DeferredIncomeTaxLiabilitiesNetAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DeferredIncomeTaxLiabilitiesNetAbstract_lbl" xml:lang="en-US">Deferred income tax liabilities, net [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DeferredIncomeTaxLiabilitiesNetAbstract_lbl" xml:lang="en-US">Deferred income tax liability, net</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DeferredLiabilitiesAbstract" xlink:label="bap_DeferredLiabilitiesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DeferredLiabilitiesAbstract" xlink:to="bap_DeferredLiabilitiesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DeferredLiabilitiesAbstract_lbl" xml:lang="en-US">Deferred liabilities [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DeferredLiabilitiesAbstract_lbl" xml:lang="en-US">Deferred liabilities</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DeferredTaxLiabilities" xlink:label="ifrs-full_DeferredTaxLiabilities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxLiabilities" xlink:to="ifrs-full_DeferredTaxLiabilities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DeferredTaxLiabilities_lbl" xml:lang="en-US">Deferred Tax Liabilities, Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DeferredTaxLiabilities_lbl" xml:lang="en-US">Deferred liability</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_IfrsIncomeTaxAuthorityAxis" xlink:label="bap_IfrsIncomeTaxAuthorityAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_IfrsIncomeTaxAuthorityAxis" xlink:to="bap_IfrsIncomeTaxAuthorityAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_IfrsIncomeTaxAuthorityAxis_lbl" xml:lang="en-US">Information by tax jurisdiction</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_IfrsIncomeTaxAuthorityAxis_lbl" xml:lang="en-US">Ifrs Income Tax Authority [Axis]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_IncomeTaxReturnDomain" xlink:label="bap_IncomeTaxReturnDomain" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_IncomeTaxReturnDomain" xlink:to="bap_IncomeTaxReturnDomain_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_IncomeTaxReturnDomain_lbl" xml:lang="en-US">Income Tax Return [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_IncomeTaxReturnDomain_lbl" xml:lang="en-US">Income Tax Return [Domain]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BancoDeCreditoDelPeruMember" xlink:label="bap_BancoDeCreditoDelPeruMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BancoDeCreditoDelPeruMember" xlink:to="bap_BancoDeCreditoDelPeruMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BancoDeCreditoDelPeruMember_lbl" xml:lang="en-US">Banco De Credito Del Peru [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BancoDeCreditoDelPeruMember_lbl" xml:lang="en-US">BCP stand-alone</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MibancoBancoDeLaMicroempresaMember" xlink:label="bap_MibancoBancoDeLaMicroempresaMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MibancoBancoDeLaMicroempresaMember" xlink:to="bap_MibancoBancoDeLaMicroempresaMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_MibancoBancoDeLaMicroempresaMember_lbl" xml:lang="en-US">XXX_Mibanco Banco De La Microempresa Member</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MibancoBancoDeLaMicroempresaMember_lbl" xml:lang="en-US">Mibanco Banco De La Microempresa [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MibancoBancoDeLaMicroempresaMember_lbl" xml:lang="en-US">Mibanco Banco De La Microempresa S.A</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PacificoCompaniaDeSegurosYReasegurosMember" xlink:label="bap_PacificoCompaniaDeSegurosYReasegurosMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PacificoCompaniaDeSegurosYReasegurosMember" xlink:to="bap_PacificoCompaniaDeSegurosYReasegurosMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PacificoCompaniaDeSegurosYReasegurosMember_lbl" xml:lang="en-US">Pacifico Compania De Seguros Y Reaseguros [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PacificoCompaniaDeSegurosYReasegurosMember_lbl" xml:lang="en-US">Pacifico Compania de Seguros y Reaseguros [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PacificoPeruanoSuizaMember" xlink:label="bap_PacificoPeruanoSuizaMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PacificoPeruanoSuizaMember" xlink:to="bap_PacificoPeruanoSuizaMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PacificoPeruanoSuizaMember_lbl" xml:lang="en-US">Pacifico Peruano Suiza [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PacificoPeruanoSuizaMember_lbl" xml:lang="en-US">Pacifico Peruano Suiza [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AnnualIncomeTaxReturns" xlink:label="bap_AnnualIncomeTaxReturns" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AnnualIncomeTaxReturns" xlink:to="bap_AnnualIncomeTaxReturns_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AnnualIncomeTaxReturns_lbl" xml:lang="en-US">It represents annual tax returns.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AnnualIncomeTaxReturns_lbl" xml:lang="en-US">Annual Income Tax Returns</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CredicorpCapitalColombiaMember" xlink:label="bap_CredicorpCapitalColombiaMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CredicorpCapitalColombiaMember" xlink:to="bap_CredicorpCapitalColombiaMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CredicorpCapitalColombiaMember_lbl" xml:lang="en-US">Credicorp Capital Colombia [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CredicorpCapitalColombiaMember_lbl" xml:lang="en-US">Credicorp Capital Colombia [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CredicorpCapitalHoldingChileMember" xlink:label="bap_CredicorpCapitalHoldingChileMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CredicorpCapitalHoldingChileMember" xlink:to="bap_CredicorpCapitalHoldingChileMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CredicorpCapitalHoldingChileMember_lbl" xml:lang="en-US">Credicorp Capital Holding Chile [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CredicorpCapitalHoldingChileMember_lbl" xml:lang="en-US">Credicorp Capital Holding Chile S.A</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PeruCountryMember" xlink:label="bap_PeruCountryMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PeruCountryMember" xlink:to="bap_PeruCountryMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PeruCountryMember_lbl" xml:lang="en-US">Peru Country [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PeruCountryMember_lbl" xml:lang="en-US">Peru</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BoliviaCountryMember" xlink:label="bap_BoliviaCountryMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BoliviaCountryMember" xlink:to="bap_BoliviaCountryMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BoliviaCountryMember_lbl" xml:lang="en-US">Bolivia Country [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BoliviaCountryMember_lbl" xml:lang="en-US">Bolivia</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ChileCountryMember" xlink:label="bap_ChileCountryMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ChileCountryMember" xlink:to="bap_ChileCountryMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ChileCountryMember_lbl" xml:lang="en-US">Chile Country [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ChileCountryMember_lbl" xml:lang="en-US">Chile [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ColombiaCountryMember" xlink:label="bap_ColombiaCountryMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ColombiaCountryMember" xlink:to="bap_ColombiaCountryMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ColombiaCountryMember_lbl" xml:lang="en-US">Colombia Country [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ColombiaCountryMember_lbl" xml:lang="en-US">Colombia</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PercentageOfWorkersProfitSharing" xlink:label="bap_PercentageOfWorkersProfitSharing" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PercentageOfWorkersProfitSharing" xlink:to="bap_PercentageOfWorkersProfitSharing_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PercentageOfWorkersProfitSharing_lbl" xml:lang="en-US">The percentage of workers profit sharing during the period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PercentageOfWorkersProfitSharing_lbl" xml:lang="en-US">Percentage of workers profit sharing</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PercentageOfMinimumDecreaseInNetIncomeForSuspensionToBeApplied" xlink:label="bap_PercentageOfMinimumDecreaseInNetIncomeForSuspensionToBeApplied" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PercentageOfMinimumDecreaseInNetIncomeForSuspensionToBeApplied" xlink:to="bap_PercentageOfMinimumDecreaseInNetIncomeForSuspensionToBeApplied_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PercentageOfMinimumDecreaseInNetIncomeForSuspensionToBeApplied_lbl" xml:lang="en-US">Represents the percentage of minimum decrease in net income for suspension to be applied.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PercentageOfMinimumDecreaseInNetIncomeForSuspensionToBeApplied_lbl" xml:lang="en-US">Percentage of Minimum Decrease In Net Income For Suspension To Be Applied</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PercentageOfMinimumDecreaseInNetIncomeForSuspensionToBeApplied_lbl" xml:lang="en-US">Minimum decrease in net income for suspension to be applied (as a percent)</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PercentageOfMaximumDecreaseInNetIncomeToBeMultipliedByFactor" xlink:label="bap_PercentageOfMaximumDecreaseInNetIncomeToBeMultipliedByFactor" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PercentageOfMaximumDecreaseInNetIncomeToBeMultipliedByFactor" xlink:to="bap_PercentageOfMaximumDecreaseInNetIncomeToBeMultipliedByFactor_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PercentageOfMaximumDecreaseInNetIncomeToBeMultipliedByFactor_lbl" xml:lang="en-US">Represents the percentage of maximum decrease in net income to be multiplied by a factor.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PercentageOfMaximumDecreaseInNetIncomeToBeMultipliedByFactor_lbl" xml:lang="en-US">Percentage of Maximum Decrease In Net Income To be Multiplied by Factor</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PercentageOfMaximumDecreaseInNetIncomeToBeMultipliedByFactor_lbl" xml:lang="en-US">Maximum decrease in net income to be multiplied by a factor (as a percent)</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FactoringRate" xlink:label="bap_FactoringRate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FactoringRate" xlink:to="bap_FactoringRate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FactoringRate_lbl" xml:lang="en-US">Represents the factoring rate.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FactoringRate_lbl" xml:lang="en-US">Factoring Rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FactoringRate_lbl" xml:lang="en-US">Factoring rate</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PercentageOfDecreaseInNetIncome" xlink:label="bap_PercentageOfDecreaseInNetIncome" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PercentageOfDecreaseInNetIncome" xlink:to="bap_PercentageOfDecreaseInNetIncome_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PercentageOfDecreaseInNetIncome_lbl" xml:lang="en-US">Represents the percentage of decrease in net income.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PercentageOfDecreaseInNetIncome_lbl" xml:lang="en-US">Percentage of Decrease In Net Income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PercentageOfDecreaseInNetIncome_lbl" xml:lang="en-US">Percentage of decrease in net income</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_VariationInIncomeTaxExpenseAndDeferredDueToIncreaseOfAllowanceOfLoanLosses" xlink:label="bap_VariationInIncomeTaxExpenseAndDeferredDueToIncreaseOfAllowanceOfLoanLosses" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_VariationInIncomeTaxExpenseAndDeferredDueToIncreaseOfAllowanceOfLoanLosses" xlink:to="bap_VariationInIncomeTaxExpenseAndDeferredDueToIncreaseOfAllowanceOfLoanLosses_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_VariationInIncomeTaxExpenseAndDeferredDueToIncreaseOfAllowanceOfLoanLosses_lbl" xml:lang="en-US">Represents the variation in the income tax expense and the deferred due to increase of the allowance of loan losses.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_VariationInIncomeTaxExpenseAndDeferredDueToIncreaseOfAllowanceOfLoanLosses_lbl" xml:lang="en-US">Variation In Income Tax Expense And Deferred Due To Increase Of Allowance Of Loan Losses</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_VariationInIncomeTaxExpenseAndDeferredDueToIncreaseOfAllowanceOfLoanLosses_lbl" xml:lang="en-US">Variation in the income tax expense and the deferred due to increase of the allowance of loan losses</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_IncreaseOfRecognitionOfLowerDeductionInRelationToIntangibleAssets" xlink:label="bap_IncreaseOfRecognitionOfLowerDeductionInRelationToIntangibleAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_IncreaseOfRecognitionOfLowerDeductionInRelationToIntangibleAssets" xlink:to="bap_IncreaseOfRecognitionOfLowerDeductionInRelationToIntangibleAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_IncreaseOfRecognitionOfLowerDeductionInRelationToIntangibleAssets_lbl" xml:lang="en-US">Represents the increase of the recognition of a lower deduction in relation to intangible assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_IncreaseOfRecognitionOfLowerDeductionInRelationToIntangibleAssets_lbl" xml:lang="en-US">Increase Of Recognition Of Lower Deduction In Relation To Intangible Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_IncreaseOfRecognitionOfLowerDeductionInRelationToIntangibleAssets_lbl" xml:lang="en-US">Increase of the recognition of a lower deduction in relation to intangible assets</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" xlink:label="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" xlink:to="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss_lbl" xml:lang="en-US">Income tax relating to components of other comprehensive income that will be reclassified to profit or loss</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ShareBasedCompensationPlansTable" xlink:label="bap_ShareBasedCompensationPlansTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ShareBasedCompensationPlansTable" xlink:to="bap_ShareBasedCompensationPlansTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ShareBasedCompensationPlansTable_lbl" xml:lang="en-US">Share Based Compensation Plans [Table]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:label="ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:to="ifrs-full_TypesOfSharebasedPaymentArrangementsAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfSharebasedPaymentArrangementsAxis_lbl" xml:lang="en-US">Types of share-based payment arrangements [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_SharebasedPaymentArrangementsMember" xlink:label="ifrs-full_SharebasedPaymentArrangementsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SharebasedPaymentArrangementsMember" xlink:to="ifrs-full_SharebasedPaymentArrangementsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SharebasedPaymentArrangementsMember_lbl" xml:lang="en-US">Sharebased Payment Arrangements [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_SharebasedPaymentArrangementsMember_lbl" xml:lang="en-US">Share-based payment arrangements [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_EquitysettledTransactionMember" xlink:label="bap_EquitysettledTransactionMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_EquitysettledTransactionMember" xlink:to="bap_EquitysettledTransactionMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_EquitysettledTransactionMember_lbl" xml:lang="en-US">Equitysettled Transaction [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_EquitysettledTransactionMember_lbl" xml:lang="en-US">Equity-settled transaction [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ShareBasedCompensationPlansLineItems" xlink:label="bap_ShareBasedCompensationPlansLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ShareBasedCompensationPlansLineItems" xlink:to="bap_ShareBasedCompensationPlansLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ShareBasedCompensationPlansLineItems_lbl" xml:lang="en-US">Share based compensation plans [Line Items]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement" xlink:label="ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement" xlink:to="ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement_lbl" xml:lang="en-US">Description of vesting requirements for share-based payment arrangement</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:label="ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:to="ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_lbl" xml:lang="en-US">Number of share options granted in share-based payment arrangement</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:label="ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:to="ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees_lbl" xml:lang="en-US">Expense from share-based payment transactions with employees</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OffBalanceSheetAccountsTable" xlink:label="bap_OffBalanceSheetAccountsTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OffBalanceSheetAccountsTable" xlink:to="bap_OffBalanceSheetAccountsTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OffBalanceSheetAccountsTable_lbl" xml:lang="en-US">Off balance sheet accounts [Table]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ClassesOfContingentLiabilitiesAxis" xlink:label="ifrs-full_ClassesOfContingentLiabilitiesAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfContingentLiabilitiesAxis" xlink:to="ifrs-full_ClassesOfContingentLiabilitiesAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfContingentLiabilitiesAxis_lbl" xml:lang="en-US">Classes of contingent liabilities [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ContingentLiabilitiesMember" xlink:label="ifrs-full_ContingentLiabilitiesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ContingentLiabilitiesMember" xlink:to="ifrs-full_ContingentLiabilitiesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ContingentLiabilitiesMember_lbl" xml:lang="en-US">Contingent Liabilities [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ContingentLiabilitiesMember_lbl" xml:lang="en-US">Contingent liabilities [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ContingentLiabilityForGuaranteesMember" xlink:label="ifrs-full_ContingentLiabilityForGuaranteesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ContingentLiabilityForGuaranteesMember" xlink:to="ifrs-full_ContingentLiabilityForGuaranteesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ContingentLiabilityForGuaranteesMember_lbl" xml:lang="en-US">Contingent Liability For Guarantees [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ContingentLiabilityForGuaranteesMember_lbl" xml:lang="en-US">Guarantees and standby letter [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ImportAndExportLettersOfCreditMember" xlink:label="bap_ImportAndExportLettersOfCreditMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ImportAndExportLettersOfCreditMember" xlink:to="bap_ImportAndExportLettersOfCreditMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ImportAndExportLettersOfCreditMember_lbl" xml:lang="en-US">Import And Export Letters Of Credit [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ImportAndExportLettersOfCreditMember_lbl" xml:lang="en-US">Import and export letters of credit [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OffBalanceSheetAccountsLineItems" xlink:label="bap_OffBalanceSheetAccountsLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OffBalanceSheetAccountsLineItems" xlink:to="bap_OffBalanceSheetAccountsLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OffBalanceSheetAccountsLineItems_lbl" xml:lang="en-US">Off balance sheet accounts [Line Items]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfContingentCreditsAbstract" xlink:label="bap_DisclosureOfContingentCreditsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfContingentCreditsAbstract" xlink:to="bap_DisclosureOfContingentCreditsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfContingentCreditsAbstract_lbl" xml:lang="en-US">Disclosure Of Contingent Credits [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfContingentCreditsAbstract_lbl" xml:lang="en-US">Contingent credits - indirect loans</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ResponsibilitiesUnderCreditLineAgreements" xlink:label="bap_ResponsibilitiesUnderCreditLineAgreements" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ResponsibilitiesUnderCreditLineAgreements" xlink:to="bap_ResponsibilitiesUnderCreditLineAgreements_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ResponsibilitiesUnderCreditLineAgreements_lbl" xml:lang="en-US">The amout of Responsibilities under credit line agreements are not recorded in balance sheet since they are off-balance sheet items.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ResponsibilitiesUnderCreditLineAgreements_lbl" xml:lang="en-US">Responsibilities under credit line agreements</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_ResponsibilitiesUnderCreditLineAgreements_lbl" xml:lang="en-US">Responsibilities under credit line agreements</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OffBalanceSheetIndirectLoansNet" xlink:label="bap_OffBalanceSheetIndirectLoansNet" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OffBalanceSheetIndirectLoansNet" xlink:to="bap_OffBalanceSheetIndirectLoansNet_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_OffBalanceSheetIndirectLoansNet_lbl" xml:lang="en-US">The total amout of indirect loans those are not recorded in the balance sheet since they are off-balance sheet items.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OffBalanceSheetIndirectLoansNet_lbl" xml:lang="en-US">Off Balance Sheet Indirect Loans Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_OffBalanceSheetIndirectLoansNet_lbl" xml:lang="en-US">Total</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_RevenueFromInterestIncomeAbstractAbstract" xlink:label="bap_RevenueFromInterestIncomeAbstractAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_RevenueFromInterestIncomeAbstractAbstract" xlink:to="bap_RevenueFromInterestIncomeAbstractAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_RevenueFromInterestIncomeAbstractAbstract_lbl" xml:lang="en-US">Revenue From Interest income Abstract [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_RevenueFromInterestIncomeAbstractAbstract_lbl" xml:lang="en-US">Interest and similar income</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestIncomeOnLoansAndReceivables" xlink:label="ifrs-full_InterestIncomeOnLoansAndReceivables" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestIncomeOnLoansAndReceivables" xlink:to="ifrs-full_InterestIncomeOnLoansAndReceivables_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestIncomeOnLoansAndReceivables_lbl" xml:lang="en-US">Interest income on loans and receivables</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_InterestIncomeOnLoansAndReceivables_lbl" xml:lang="en-US">Interest on loans</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughOtherComprehensiveIncome" xlink:label="bap_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughOtherComprehensiveIncome" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughOtherComprehensiveIncome" xlink:to="bap_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughOtherComprehensiveIncome_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughOtherComprehensiveIncome_lbl" xml:lang="en-US">The amount of interest income on financial assets designated at fair value through other comprehensive income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughOtherComprehensiveIncome_lbl" xml:lang="en-US">Interest Income On Financial Assets Designated At Fair Value Through Other Comprehensive Income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughOtherComprehensiveIncome_lbl" xml:lang="en-US">Interest on investments at fair value through other comprehensive income</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InterestIncomeOnInvestmentsAtAmortizedCost" xlink:label="bap_InterestIncomeOnInvestmentsAtAmortizedCost" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InterestIncomeOnInvestmentsAtAmortizedCost" xlink:to="bap_InterestIncomeOnInvestmentsAtAmortizedCost_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_InterestIncomeOnInvestmentsAtAmortizedCost_lbl" xml:lang="en-US">The amount of interest income on invetstments at amortized cost</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InterestIncomeOnInvestmentsAtAmortizedCost_lbl" xml:lang="en-US">Interest Income On Investments At Amortized Cost</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_InterestIncomeOnInvestmentsAtAmortizedCost_lbl" xml:lang="en-US">Interest on investments at amortized cost</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestIncomeOnLoansAndAdvancesToBanks" xlink:label="ifrs-full_InterestIncomeOnLoansAndAdvancesToBanks" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestIncomeOnLoansAndAdvancesToBanks" xlink:to="ifrs-full_InterestIncomeOnLoansAndAdvancesToBanks_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestIncomeOnLoansAndAdvancesToBanks_lbl" xml:lang="en-US">Interest income on loans and advances to banks</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_InterestIncomeOnLoansAndAdvancesToBanks_lbl" xml:lang="en-US">Interest on due from banks</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" xlink:label="ifrs-full_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" xlink:to="ifrs-full_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss_lbl" xml:lang="en-US">Interest income on financial assets designated at fair value through profit or loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss_lbl" xml:lang="en-US">Interest on investments at fair value through profit or loss</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InterstOnDividends" xlink:label="bap_InterstOnDividends" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InterstOnDividends" xlink:to="bap_InterstOnDividends_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_InterstOnDividends_lbl" xml:lang="en-US">Amount of dividend received.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InterstOnDividends_lbl" xml:lang="en-US">Interst on Dividends</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InterstOnDividends_lbl" xml:lang="en-US">Dividends received</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestIncomeOnOtherFinancialAssets" xlink:label="ifrs-full_InterestIncomeOnOtherFinancialAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestIncomeOnOtherFinancialAssets" xlink:to="ifrs-full_InterestIncomeOnOtherFinancialAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestIncomeOnOtherFinancialAssets_lbl" xml:lang="en-US">Interest income on other financial assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_InterestIncomeOnOtherFinancialAssets_lbl" xml:lang="en-US">Other interest and similar income</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InterestExpensesAbstract" xlink:label="bap_InterestExpensesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InterestExpensesAbstract" xlink:to="bap_InterestExpensesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InterestExpensesAbstract_lbl" xml:lang="en-US">Interest Expenses [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_InterestExpensesAbstract_lbl" xml:lang="en-US">Interest and similar expense</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestExpenseOnDepositsFromCustomers" xlink:label="ifrs-full_InterestExpenseOnDepositsFromCustomers" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestExpenseOnDepositsFromCustomers" xlink:to="ifrs-full_InterestExpenseOnDepositsFromCustomers_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestExpenseOnDepositsFromCustomers_lbl" xml:lang="en-US">Interest expense on deposits from customers</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_InterestExpenseOnDepositsFromCustomers_lbl" xml:lang="en-US">Interest on deposits and obligations</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestExpenseOnDebtInstrumentsIssued" xlink:label="ifrs-full_InterestExpenseOnDebtInstrumentsIssued" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestExpenseOnDebtInstrumentsIssued" xlink:to="ifrs-full_InterestExpenseOnDebtInstrumentsIssued_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestExpenseOnDebtInstrumentsIssued_lbl" xml:lang="en-US">Interest expense on debt instruments issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_InterestExpenseOnDebtInstrumentsIssued_lbl" xml:lang="en-US">Interest on bonds and notes issued</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestExpenseOnDepositsFromBanks" xlink:label="ifrs-full_InterestExpenseOnDepositsFromBanks" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestExpenseOnDepositsFromBanks" xlink:to="ifrs-full_InterestExpenseOnDepositsFromBanks_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestExpenseOnDepositsFromBanks_lbl" xml:lang="en-US">Interest expense on deposits from banks</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_InterestExpenseOnDepositsFromBanks_lbl" xml:lang="en-US">Interest on due to banks and correspondents</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ExpenseArisingFromInsuranceContracts" xlink:label="ifrs-full_ExpenseArisingFromInsuranceContracts" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExpenseArisingFromInsuranceContracts" xlink:to="ifrs-full_ExpenseArisingFromInsuranceContracts_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ExpenseArisingFromInsuranceContracts_lbl" xml:lang="en-US">Expense arising from insurance contracts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ExpenseArisingFromInsuranceContracts_lbl" xml:lang="en-US">Deposit Insurance Fund</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:label="ifrs-full_InterestExpenseOnLeaseLiabilities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:to="ifrs-full_InterestExpenseOnLeaseLiabilities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestExpenseOnLeaseLiabilities_lbl" xml:lang="en-US">Interest expense on lease liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_InterestExpenseOnLeaseLiabilities_lbl" xml:lang="en-US">Interest on lease liabilities</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestExpenseOnOtherFinancialLiabilities" xlink:label="ifrs-full_InterestExpenseOnOtherFinancialLiabilities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestExpenseOnOtherFinancialLiabilities" xlink:to="ifrs-full_InterestExpenseOnOtherFinancialLiabilities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestExpenseOnOtherFinancialLiabilities_lbl" xml:lang="en-US">Interest expense on other financial liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_InterestExpenseOnOtherFinancialLiabilities_lbl" xml:lang="en-US">Other interest and similar expense</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOffeeAndCommissionIncomeExpenseExplanatoryTable" xlink:label="bap_DisclosureOffeeAndCommissionIncomeExpenseExplanatoryTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOffeeAndCommissionIncomeExpenseExplanatoryTable" xlink:to="bap_DisclosureOffeeAndCommissionIncomeExpenseExplanatoryTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOffeeAndCommissionIncomeExpenseExplanatoryTable_lbl" xml:lang="en-US">Disclosure OfFee And Commission Income Expense Explanatory [Table]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOffeeAndCommissionIncomeExpenseExplanatoryLineItems" xlink:label="bap_DisclosureOffeeAndCommissionIncomeExpenseExplanatoryLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOffeeAndCommissionIncomeExpenseExplanatoryLineItems" xlink:to="bap_DisclosureOffeeAndCommissionIncomeExpenseExplanatoryLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOffeeAndCommissionIncomeExpenseExplanatoryLineItems_lbl" xml:lang="en-US">Disclosure OfFee And Commission Income Expense Explanatory [Line Items]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MaintenanceOfAccountsTransfersAndCreditAndDebitCardServicesIncome" xlink:label="bap_MaintenanceOfAccountsTransfersAndCreditAndDebitCardServicesIncome" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MaintenanceOfAccountsTransfersAndCreditAndDebitCardServicesIncome" xlink:to="bap_MaintenanceOfAccountsTransfersAndCreditAndDebitCardServicesIncome_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_MaintenanceOfAccountsTransfersAndCreditAndDebitCardServicesIncome_lbl" xml:lang="en-US">The amount of income recognised from maintenance of accounts, transfers and credit and debit card services.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MaintenanceOfAccountsTransfersAndCreditAndDebitCardServicesIncome_lbl" xml:lang="en-US">Maintenance of accounts, transfers and credit and debit card services Income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MaintenanceOfAccountsTransfersAndCreditAndDebitCardServicesIncome_lbl" xml:lang="en-US">Maintenance of accounts, transfers and credit and debit card services</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PortfolioAndOtherManagementFeeIncome" xlink:label="ifrs-full_PortfolioAndOtherManagementFeeIncome" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PortfolioAndOtherManagementFeeIncome" xlink:to="ifrs-full_PortfolioAndOtherManagementFeeIncome_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PortfolioAndOtherManagementFeeIncome_lbl" xml:lang="en-US">Portfolio and other management fee income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PortfolioAndOtherManagementFeeIncome_lbl" xml:lang="en-US">Funds and equity management</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CreditrelatedFeeAndCommissionIncome" xlink:label="ifrs-full_CreditrelatedFeeAndCommissionIncome" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CreditrelatedFeeAndCommissionIncome" xlink:to="ifrs-full_CreditrelatedFeeAndCommissionIncome_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CreditrelatedFeeAndCommissionIncome_lbl" xml:lang="en-US">Credit-related fee and commission income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CreditrelatedFeeAndCommissionIncome_lbl" xml:lang="en-US">Contingent loans and foreign trade fees</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CommissionsForBankingServices" xlink:label="bap_CommissionsForBankingServices" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CommissionsForBankingServices" xlink:to="bap_CommissionsForBankingServices_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CommissionsForBankingServices_lbl" xml:lang="en-US">The amount of income recognised from commissions for banking services.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CommissionsForBankingServices_lbl" xml:lang="en-US">Commissions for banking services</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CommissionsForBankingServices_lbl" xml:lang="en-US">Commissions for banking services</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CollectionServicesFeeIncome" xlink:label="bap_CollectionServicesFeeIncome" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CollectionServicesFeeIncome" xlink:to="bap_CollectionServicesFeeIncome_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CollectionServicesFeeIncome_lbl" xml:lang="en-US">The amount of income recognised from collection services.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CollectionServicesFeeIncome_lbl" xml:lang="en-US">Collection Services Fee Income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CollectionServicesFeeIncome_lbl" xml:lang="en-US">Collection services</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CommissionsForConsultingAndTechnicalStudies" xlink:label="bap_CommissionsForConsultingAndTechnicalStudies" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CommissionsForConsultingAndTechnicalStudies" xlink:to="bap_CommissionsForConsultingAndTechnicalStudies_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CommissionsForConsultingAndTechnicalStudies_lbl" xml:lang="en-US">The amount of commissions for consulting and technical studies.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CommissionsForConsultingAndTechnicalStudies_lbl" xml:lang="en-US">Commissions For Consulting And Technical Studies</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CommissionsForConsultingAndTechnicalStudies_lbl" xml:lang="en-US">Commissions for consulting and technical studies</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PenaltyFeeAndCommissionIncome" xlink:label="bap_PenaltyFeeAndCommissionIncome" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PenaltyFeeAndCommissionIncome" xlink:to="bap_PenaltyFeeAndCommissionIncome_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PenaltyFeeAndCommissionIncome_lbl" xml:lang="en-US">The amount of income recognised from penalty fees and commissions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PenaltyFeeAndCommissionIncome_lbl" xml:lang="en-US">Penalty Fee And Commission Income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_PenaltyFeeAndCommissionIncome_lbl" xml:lang="en-US">Penalty commissions</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CommissionsForSalaryAdvanceAndPaymentOfServices" xlink:label="bap_CommissionsForSalaryAdvanceAndPaymentOfServices" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CommissionsForSalaryAdvanceAndPaymentOfServices" xlink:to="bap_CommissionsForSalaryAdvanceAndPaymentOfServices_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CommissionsForSalaryAdvanceAndPaymentOfServices_lbl" xml:lang="en-US">The amount of commissions for salary advance and payment of services.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CommissionsForSalaryAdvanceAndPaymentOfServices_lbl" xml:lang="en-US">Commissions For Salary Advance And Payment Of Services</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CommissionsForSalaryAdvanceAndPaymentOfServices_lbl" xml:lang="en-US">Commissions for salary advance and payment of services</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BrokerageFeeIncome" xlink:label="ifrs-full_BrokerageFeeIncome" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BrokerageFeeIncome" xlink:to="ifrs-full_BrokerageFeeIncome_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BrokerageFeeIncome_lbl" xml:lang="en-US">Brokerage fee income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BrokerageFeeIncome_lbl" xml:lang="en-US">Brokerage, securities and custody services</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherFeeAndCommissionIncome" xlink:label="ifrs-full_OtherFeeAndCommissionIncome" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherFeeAndCommissionIncome" xlink:to="ifrs-full_OtherFeeAndCommissionIncome_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherFeeAndCommissionIncome_lbl" xml:lang="en-US">Other fee and commission income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherFeeAndCommissionIncome_lbl" xml:lang="en-US">Others</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_IncreaseInRevenue" xlink:label="bap_IncreaseInRevenue" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_IncreaseInRevenue" xlink:to="bap_IncreaseInRevenue_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_IncreaseInRevenue_lbl" xml:lang="en-US">Represents the amount of increase in revenue.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_IncreaseInRevenue_lbl" xml:lang="en-US">Increase in Revenue</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_IncreaseInRevenue_lbl" xml:lang="en-US">Increase in revenue</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TradingSecuritiesMember" xlink:label="ifrs-full_TradingSecuritiesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradingSecuritiesMember" xlink:to="ifrs-full_TradingSecuritiesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TradingSecuritiesMember_lbl" xml:lang="en-US">Trading Securities [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TradingSecuritiesMember_lbl" xml:lang="en-US">Trading securities [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AssociatesMember" xlink:label="ifrs-full_AssociatesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssociatesMember" xlink:to="ifrs-full_AssociatesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AssociatesMember_lbl" xml:lang="en-US">Associates [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AssociatesMember_lbl" xml:lang="en-US">Associates [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_GainLossesOnPurchaseAndSaleOfSecurities" xlink:label="bap_GainLossesOnPurchaseAndSaleOfSecurities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_GainLossesOnPurchaseAndSaleOfSecurities" xlink:to="bap_GainLossesOnPurchaseAndSaleOfSecurities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_GainLossesOnPurchaseAndSaleOfSecurities_lbl" xml:lang="en-US">The gain (losses) on the purchase and sale of securities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_GainLossesOnPurchaseAndSaleOfSecurities_lbl" xml:lang="en-US">Gain Losses On The Purchase And Sale Of Securities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_GainLossesOnPurchaseAndSaleOfSecurities_lbl" xml:lang="en-US">Net gain on investments at fair value through other comprehensive income</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnFinancialAssetsReclassifiedOutOfFinancialAssetsAtFairValueThroughProfitOrLossRecognisedInProfitOrLoss" xlink:label="ifrs-full_GainsLossesOnFinancialAssetsReclassifiedOutOfFinancialAssetsAtFairValueThroughProfitOrLossRecognisedInProfitOrLoss" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnFinancialAssetsReclassifiedOutOfFinancialAssetsAtFairValueThroughProfitOrLossRecognisedInProfitOrLoss" xlink:to="ifrs-full_GainsLossesOnFinancialAssetsReclassifiedOutOfFinancialAssetsAtFairValueThroughProfitOrLossRecognisedInProfitOrLoss_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesOnFinancialAssetsReclassifiedOutOfFinancialAssetsAtFairValueThroughProfitOrLossRecognisedInProfitOrLoss_lbl" xml:lang="en-US">Net gain on financial assets at fair value through profit or loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_GainsLossesOnFinancialAssetsReclassifiedOutOfFinancialAssetsAtFairValueThroughProfitOrLossRecognisedInProfitOrLoss_lbl" xml:lang="en-US">Net gain on financial assets at fair value through profit or loss</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FairValueGainsLossesOnFinancialAssetsReclassifiedOutOfAvailableforsaleFinancialAssetsRecognisedInOtherComprehensiveIncome" xlink:label="ifrs-full_FairValueGainsLossesOnFinancialAssetsReclassifiedOutOfAvailableforsaleFinancialAssetsRecognisedInOtherComprehensiveIncome" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FairValueGainsLossesOnFinancialAssetsReclassifiedOutOfAvailableforsaleFinancialAssetsRecognisedInOtherComprehensiveIncome" xlink:to="ifrs-full_FairValueGainsLossesOnFinancialAssetsReclassifiedOutOfAvailableforsaleFinancialAssetsRecognisedInOtherComprehensiveIncome_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FairValueGainsLossesOnFinancialAssetsReclassifiedOutOfAvailableforsaleFinancialAssetsRecognisedInOtherComprehensiveIncome_lbl" xml:lang="en-US">Fair value gains (losses) on financial assets reclassified out of available-for-sale financial assets recognised in other comprehensive income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FairValueGainsLossesOnFinancialAssetsReclassifiedOutOfAvailableforsaleFinancialAssetsRecognisedInOtherComprehensiveIncome_lbl" xml:lang="en-US">(Provision) recovery of credit loss for investments at fair value through other comprehensive income (iii), Note 6(b)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_FairValueGainsLossesOnFinancialAssetsReclassifiedOutOfAvailableforsaleFinancialAssetsRecognisedInOtherComprehensiveIncome_lbl" xml:lang="en-US">(Provision) recovery of credit loss for investments at fair value through other comprehensive income</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnDisposalsOfOtherNoncurrentAssets" xlink:label="ifrs-full_GainsLossesOnDisposalsOfOtherNoncurrentAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnDisposalsOfOtherNoncurrentAssets" xlink:to="ifrs-full_GainsLossesOnDisposalsOfOtherNoncurrentAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesOnDisposalsOfOtherNoncurrentAssets_lbl" xml:lang="en-US">Gains (losses) on disposals of other non-current assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_GainsLossesOnDisposalsOfOtherNoncurrentAssets_lbl" xml:lang="en-US">Others</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_GeneralInsuranceContractMember" xlink:label="bap_GeneralInsuranceContractMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_GeneralInsuranceContractMember" xlink:to="bap_GeneralInsuranceContractMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_GeneralInsuranceContractMember_lbl" xml:lang="en-US">General Insurance Contract [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_GeneralInsuranceContractMember_lbl" xml:lang="en-US">General Insurance [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquitySecuritiesByIndustryAxis" xlink:label="us-gaap_EquitySecuritiesByIndustryAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquitySecuritiesByIndustryAxis" xlink:to="us-gaap_EquitySecuritiesByIndustryAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquitySecuritiesByIndustryAxis_lbl" xml:lang="en-US">Industry Sector [Axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquitySecuritiesIndustryMember" xlink:label="us-gaap_EquitySecuritiesIndustryMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquitySecuritiesIndustryMember" xlink:to="us-gaap_EquitySecuritiesIndustryMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquitySecuritiesIndustryMember_lbl" xml:lang="en-US">Equity Securities Industry [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EquitySecuritiesIndustryMember_lbl" xml:lang="en-US">Industry Sector [Domain]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_HealthCareSectorsMember" xlink:label="bap_HealthCareSectorsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_HealthCareSectorsMember" xlink:to="bap_HealthCareSectorsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_HealthCareSectorsMember_lbl" xml:lang="en-US">Health Care Sectors [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_HealthCareSectorsMember_lbl" xml:lang="en-US">Health insurance [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeArisingFromInsuranceContracts" xlink:label="ifrs-full_IncomeArisingFromInsuranceContracts" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeArisingFromInsuranceContracts" xlink:to="ifrs-full_IncomeArisingFromInsuranceContracts_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeArisingFromInsuranceContracts_lbl" xml:lang="en-US">Income arising from insurance contracts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IncomeArisingFromInsuranceContracts_lbl" xml:lang="en-US">Gross written premiums</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TechnicalReserveAdjustmentWithInsuranceContacts" xlink:label="bap_TechnicalReserveAdjustmentWithInsuranceContacts" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TechnicalReserveAdjustmentWithInsuranceContacts" xlink:to="bap_TechnicalReserveAdjustmentWithInsuranceContacts_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TechnicalReserveAdjustmentWithInsuranceContacts_lbl" xml:lang="en-US">The amount of technical reserve adjustment arising from insurance contracts.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TechnicalReserveAdjustmentWithInsuranceContacts_lbl" xml:lang="en-US">Technical Reserve Adjustment With Insurance Contacts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_TechnicalReserveAdjustmentWithInsuranceContacts_lbl" xml:lang="en-US">Technical reserve adjustment</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RevenueFromInsuranceContractsIssuedWithoutReductionForReinsuranceHeld" xlink:label="ifrs-full_RevenueFromInsuranceContractsIssuedWithoutReductionForReinsuranceHeld" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RevenueFromInsuranceContractsIssuedWithoutReductionForReinsuranceHeld" xlink:to="ifrs-full_RevenueFromInsuranceContractsIssuedWithoutReductionForReinsuranceHeld_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RevenueFromInsuranceContractsIssuedWithoutReductionForReinsuranceHeld_lbl" xml:lang="en-US">Revenue from insurance contracts issued, without reduction for reinsurance held</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_RevenueFromInsuranceContractsIssuedWithoutReductionForReinsuranceHeld_lbl" xml:lang="en-US">Total gross written premiums</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeFromContractsWithReinsurers" xlink:label="ifrs-full_IncomeFromContractsWithReinsurers" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeFromContractsWithReinsurers" xlink:to="ifrs-full_IncomeFromContractsWithReinsurers_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeFromContractsWithReinsurers_lbl" xml:lang="en-US">Income from contracts with reinsurers</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_IncomeFromContractsWithReinsurers_lbl" xml:lang="en-US">Premiums ceded to reinsurers and co-insurers, net</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PremiumsCededForAutomaticContractsMember" xlink:label="bap_PremiumsCededForAutomaticContractsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PremiumsCededForAutomaticContractsMember" xlink:to="bap_PremiumsCededForAutomaticContractsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PremiumsCededForAutomaticContractsMember_lbl" xml:lang="en-US">Premiums Ceded For Automatic Contracts [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PremiumsCededForAutomaticContractsMember_lbl" xml:lang="en-US">Premiums ceded for automatic contracts [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PremiumsCededForFacultativeContractsMember" xlink:label="bap_PremiumsCededForFacultativeContractsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PremiumsCededForFacultativeContractsMember" xlink:to="bap_PremiumsCededForFacultativeContractsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PremiumsCededForFacultativeContractsMember_lbl" xml:lang="en-US">Premiums Ceded For Facultative Contracts [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PremiumsCededForFacultativeContractsMember_lbl" xml:lang="en-US">Premiums ceded for facultative contracts [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AnnualVariationForUnearnedPremiumsCededReservesMember" xlink:label="bap_AnnualVariationForUnearnedPremiumsCededReservesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AnnualVariationForUnearnedPremiumsCededReservesMember" xlink:to="bap_AnnualVariationForUnearnedPremiumsCededReservesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AnnualVariationForUnearnedPremiumsCededReservesMember_lbl" xml:lang="en-US">Annual Variation For Unearned Premiums Ceded Reserves [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AnnualVariationForUnearnedPremiumsCededReservesMember_lbl" xml:lang="en-US">Annual variation of reserve risk in progress of premiums ceded [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ParticipationRateInTotalGrossPremium" xlink:label="bap_ParticipationRateInTotalGrossPremium" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ParticipationRateInTotalGrossPremium" xlink:to="bap_ParticipationRateInTotalGrossPremium_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ParticipationRateInTotalGrossPremium_lbl" xml:lang="en-US">The participation rate of all types of insurance contracts in gross premium.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ParticipationRateInTotalGrossPremium_lbl" xml:lang="en-US">Participation rate in total gross premium</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProductsAndServicesAxis" xlink:label="ifrs-full_ProductsAndServicesAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProductsAndServicesAxis" xlink:to="ifrs-full_ProductsAndServicesAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProductsAndServicesAxis_lbl" xml:lang="en-US">Products and services [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProductsAndServicesMember" xlink:label="ifrs-full_ProductsAndServicesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProductsAndServicesMember" xlink:to="ifrs-full_ProductsAndServicesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProductsAndServicesMember_lbl" xml:lang="en-US">Products And Services [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProductsAndServicesMember_lbl" xml:lang="en-US">Products and services [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CreditLifeInsuranceServicesMember" xlink:label="bap_CreditLifeInsuranceServicesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CreditLifeInsuranceServicesMember" xlink:to="bap_CreditLifeInsuranceServicesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CreditLifeInsuranceServicesMember_lbl" xml:lang="en-US">Credit Life Insurance Services [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CreditLifeInsuranceServicesMember_lbl" xml:lang="en-US">Credit life [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisabilityAndSurvivalInsuranceServicesMember" xlink:label="bap_DisabilityAndSurvivalInsuranceServicesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisabilityAndSurvivalInsuranceServicesMember" xlink:to="bap_DisabilityAndSurvivalInsuranceServicesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisabilityAndSurvivalInsuranceServicesMember_lbl" xml:lang="en-US">n/a</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisabilityAndSurvivalInsuranceServicesMember_lbl" xml:lang="en-US">Disability And Survival Insurance Services [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DisabilityAndSurvivalInsuranceServicesMember_lbl" xml:lang="en-US">Disability And Survival [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_IndividualLifeInsuranceServicesMember" xlink:label="bap_IndividualLifeInsuranceServicesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_IndividualLifeInsuranceServicesMember" xlink:to="bap_IndividualLifeInsuranceServicesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_IndividualLifeInsuranceServicesMember_lbl" xml:lang="en-US">n/a</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_IndividualLifeInsuranceServicesMember_lbl" xml:lang="en-US">Individual Life Insurance Services [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_IndividualLifeInsuranceServicesMember_lbl" xml:lang="en-US">Individual Life [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_GroupLifeInsuranceServicesMember" xlink:label="bap_GroupLifeInsuranceServicesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_GroupLifeInsuranceServicesMember" xlink:to="bap_GroupLifeInsuranceServicesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_GroupLifeInsuranceServicesMember_lbl" xml:lang="en-US">Group Life Insurance Services [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_GroupLifeInsuranceServicesMember_lbl" xml:lang="en-US">Groupo life [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AnnuitiesInsuranceServicesMember" xlink:label="bap_AnnuitiesInsuranceServicesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AnnuitiesInsuranceServicesMember" xlink:to="bap_AnnuitiesInsuranceServicesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AnnuitiesInsuranceServicesMember_lbl" xml:lang="en-US">Annuities Insurance Services [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AnnuitiesInsuranceServicesMember_lbl" xml:lang="en-US">Annuities [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ServicewiseParticipationRateInLifeInsuranceGrossPremium" xlink:label="bap_ServicewiseParticipationRateInLifeInsuranceGrossPremium" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ServicewiseParticipationRateInLifeInsuranceGrossPremium" xlink:to="bap_ServicewiseParticipationRateInLifeInsuranceGrossPremium_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ServicewiseParticipationRateInLifeInsuranceGrossPremium_lbl" xml:lang="en-US">The servicewise participation rate in life insurance gross premium.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ServicewiseParticipationRateInLifeInsuranceGrossPremium_lbl" xml:lang="en-US">Servicewise participation rate in Life Insurance Gross Premium</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AutomobileInsuranceServicesMember" xlink:label="bap_AutomobileInsuranceServicesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AutomobileInsuranceServicesMember" xlink:to="bap_AutomobileInsuranceServicesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AutomobileInsuranceServicesMember_lbl" xml:lang="en-US">Automobile Insurance Services [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AutomobileInsuranceServicesMember_lbl" xml:lang="en-US">Automobile [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FireAndAlliedLinesInsuranceServicesMember" xlink:label="bap_FireAndAlliedLinesInsuranceServicesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FireAndAlliedLinesInsuranceServicesMember" xlink:to="bap_FireAndAlliedLinesInsuranceServicesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FireAndAlliedLinesInsuranceServicesMember_lbl" xml:lang="en-US">Fire And Allied Lines Insurance Services [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FireAndAlliedLinesInsuranceServicesMember_lbl" xml:lang="en-US">Fire and allied lines [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TheftAndRobberyInsuranceServicesMember" xlink:label="bap_TheftAndRobberyInsuranceServicesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TheftAndRobberyInsuranceServicesMember" xlink:to="bap_TheftAndRobberyInsuranceServicesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TheftAndRobberyInsuranceServicesMember_lbl" xml:lang="en-US">Theft And Robbery Insurance Services [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TheftAndRobberyInsuranceServicesMember_lbl" xml:lang="en-US">Theft and robbery [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TechnicalLinesInsuranceServicesMember" xlink:label="bap_TechnicalLinesInsuranceServicesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TechnicalLinesInsuranceServicesMember" xlink:to="bap_TechnicalLinesInsuranceServicesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TechnicalLinesInsuranceServicesMember_lbl" xml:lang="en-US">Technical Lines Insurance Services [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TechnicalLinesInsuranceServicesMember_lbl" xml:lang="en-US">Technical lines [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ThirdPartyLiabilityInsuranceServicesMember" xlink:label="bap_ThirdPartyLiabilityInsuranceServicesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ThirdPartyLiabilityInsuranceServicesMember" xlink:to="bap_ThirdPartyLiabilityInsuranceServicesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ThirdPartyLiabilityInsuranceServicesMember_lbl" xml:lang="en-US">Third Party Liability Insurance Services [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ThirdPartyLiabilityInsuranceServicesMember_lbl" xml:lang="en-US">Third party liability [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TransportInsuranceServicesMember" xlink:label="bap_TransportInsuranceServicesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TransportInsuranceServicesMember" xlink:to="bap_TransportInsuranceServicesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TransportInsuranceServicesMember_lbl" xml:lang="en-US">Transport Insurance Services [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TransportInsuranceServicesMember_lbl" xml:lang="en-US">Transport [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SoatMandatoryAutomobileLineInsuranceServicesMember" xlink:label="bap_SoatMandatoryAutomobileLineInsuranceServicesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SoatMandatoryAutomobileLineInsuranceServicesMember" xlink:to="bap_SoatMandatoryAutomobileLineInsuranceServicesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SoatMandatoryAutomobileLineInsuranceServicesMember_lbl" xml:lang="en-US">Soat Mandatory Automobile Line Insurance Services [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SoatMandatoryAutomobileLineInsuranceServicesMember_lbl" xml:lang="en-US">SOAT (Mandatory automobile line) [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MarineHullInsuranceServicesMember" xlink:label="bap_MarineHullInsuranceServicesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MarineHullInsuranceServicesMember" xlink:to="bap_MarineHullInsuranceServicesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MarineHullInsuranceServicesMember_lbl" xml:lang="en-US">Marine Hull Insurance Services [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MarineHullInsuranceServicesMember_lbl" xml:lang="en-US">Marine Hull [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AviationInsuranceServicesMember" xlink:label="bap_AviationInsuranceServicesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AviationInsuranceServicesMember" xlink:to="bap_AviationInsuranceServicesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AviationInsuranceServicesMember_lbl" xml:lang="en-US">Aviation Insurance Services [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AviationInsuranceServicesMember_lbl" xml:lang="en-US">Aviation [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherInsuranceServicesMember" xlink:label="bap_OtherInsuranceServicesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherInsuranceServicesMember" xlink:to="bap_OtherInsuranceServicesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherInsuranceServicesMember_lbl" xml:lang="en-US">Other Insurance Services [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_OtherInsuranceServicesMember_lbl" xml:lang="en-US">Other [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ServicewiseParticipationRateInGeneralInsuranceGrossPremium" xlink:label="bap_ServicewiseParticipationRateInGeneralInsuranceGrossPremium" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ServicewiseParticipationRateInGeneralInsuranceGrossPremium" xlink:to="bap_ServicewiseParticipationRateInGeneralInsuranceGrossPremium_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ServicewiseParticipationRateInGeneralInsuranceGrossPremium_lbl" xml:lang="en-US">The servicewise participation rate in general insurance gross premium.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ServicewiseParticipationRateInGeneralInsuranceGrossPremium_lbl" xml:lang="en-US">Servicewise participation rate in general insurance Gross Premium</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MedicalAssistanceServicesMember" xlink:label="bap_MedicalAssistanceServicesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MedicalAssistanceServicesMember" xlink:to="bap_MedicalAssistanceServicesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MedicalAssistanceServicesMember_lbl" xml:lang="en-US">Medical Assistance Services [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MedicalAssistanceServicesMember_lbl" xml:lang="en-US">Medical Assistance Services [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_HealthInsuranceContractMember" xlink:label="bap_HealthInsuranceContractMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_HealthInsuranceContractMember" xlink:to="bap_HealthInsuranceContractMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_HealthInsuranceContractMember_lbl" xml:lang="en-US">Health Insurance Contract [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_HealthInsuranceContractMember_lbl" xml:lang="en-US">Health insurance contract [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PercentageOfEntitysRevenue" xlink:label="ifrs-full_PercentageOfEntitysRevenue" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PercentageOfEntitysRevenue" xlink:to="ifrs-full_PercentageOfEntitysRevenue_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PercentageOfEntitysRevenue_lbl" xml:lang="en-US">Percentage of entity's revenue</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfClaimsAndBenefitsIncurredTable" xlink:label="bap_DisclosureOfClaimsAndBenefitsIncurredTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfClaimsAndBenefitsIncurredTable" xlink:to="bap_DisclosureOfClaimsAndBenefitsIncurredTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfClaimsAndBenefitsIncurredTable_lbl" xml:lang="en-US">Disclosure of claims and benefits incurred [Table]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AmountsArisingFromInsuranceContractsAxis" xlink:label="ifrs-full_AmountsArisingFromInsuranceContractsAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AmountsArisingFromInsuranceContractsAxis" xlink:to="ifrs-full_AmountsArisingFromInsuranceContractsAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AmountsArisingFromInsuranceContractsAxis_lbl" xml:lang="en-US">Amounts arising from insurance contracts [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NetAmountArisingFromInsuranceContractsMember" xlink:label="ifrs-full_NetAmountArisingFromInsuranceContractsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NetAmountArisingFromInsuranceContractsMember" xlink:to="ifrs-full_NetAmountArisingFromInsuranceContractsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NetAmountArisingFromInsuranceContractsMember_lbl" xml:lang="en-US">Net Amount Arising From Insurance Contracts [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NetAmountArisingFromInsuranceContractsMember_lbl" xml:lang="en-US">Net amount arising from insurance contracts [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GrossAmountArisingFromInsuranceContractsMember" xlink:label="ifrs-full_GrossAmountArisingFromInsuranceContractsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GrossAmountArisingFromInsuranceContractsMember" xlink:to="ifrs-full_GrossAmountArisingFromInsuranceContractsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GrossAmountArisingFromInsuranceContractsMember_lbl" xml:lang="en-US">Gross Amount Arising From Insurance Contracts [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GrossAmountArisingFromInsuranceContractsMember_lbl" xml:lang="en-US">Gross claims [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReinsurersShareOfAmountArisingFromInsuranceContractsMember" xlink:label="ifrs-full_ReinsurersShareOfAmountArisingFromInsuranceContractsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReinsurersShareOfAmountArisingFromInsuranceContractsMember" xlink:to="ifrs-full_ReinsurersShareOfAmountArisingFromInsuranceContractsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReinsurersShareOfAmountArisingFromInsuranceContractsMember_lbl" xml:lang="en-US">Reinsurers Share Of Amount Arising From Insurance Contracts [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReinsurersShareOfAmountArisingFromInsuranceContractsMember_lbl" xml:lang="en-US">Ceded claims [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NonlifeInsuranceContractsMember" xlink:label="ifrs-full_NonlifeInsuranceContractsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NonlifeInsuranceContractsMember" xlink:to="ifrs-full_NonlifeInsuranceContractsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NonlifeInsuranceContractsMember_lbl" xml:lang="en-US">Nonlife Insurance Contracts [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NonlifeInsuranceContractsMember_lbl" xml:lang="en-US">General insurance [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfClaimsAndBenefitsIncurredLineItems" xlink:label="bap_DisclosureOfClaimsAndBenefitsIncurredLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfClaimsAndBenefitsIncurredLineItems" xlink:to="bap_DisclosureOfClaimsAndBenefitsIncurredLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfClaimsAndBenefitsIncurredLineItems_lbl" xml:lang="en-US">Disclosure of claims and benefits incurred [Line Items]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_WagesAndSalaries" xlink:label="ifrs-full_WagesAndSalaries" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WagesAndSalaries" xlink:to="ifrs-full_WagesAndSalaries_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_WagesAndSalaries_lbl" xml:lang="en-US">Wages and salaries</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_WagesAndSalaries_lbl" xml:lang="en-US">Salaries</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_VacationsMedicalAssistanceAndOthers" xlink:label="bap_VacationsMedicalAssistanceAndOthers" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_VacationsMedicalAssistanceAndOthers" xlink:to="bap_VacationsMedicalAssistanceAndOthers_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_VacationsMedicalAssistanceAndOthers_lbl" xml:lang="en-US">A class of employee benefits expense that represents vacations, medical assistance and others</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_VacationsMedicalAssistanceAndOthers_lbl" xml:lang="en-US">Vacations, medical assistance and others</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherLongtermBenefits" xlink:label="ifrs-full_OtherLongtermBenefits" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherLongtermBenefits" xlink:to="ifrs-full_OtherLongtermBenefits_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherLongtermBenefits_lbl" xml:lang="en-US">Other long-term employee benefits</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OtherLongtermBenefits_lbl" xml:lang="en-US">Bonuses</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_SocialSecurityContributions" xlink:label="ifrs-full_SocialSecurityContributions" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SocialSecurityContributions" xlink:to="ifrs-full_SocialSecurityContributions_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SocialSecurityContributions_lbl" xml:lang="en-US">Social security contributions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_SocialSecurityContributions_lbl" xml:lang="en-US">Social security</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AdditionalParticipation" xlink:label="bap_AdditionalParticipation" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AdditionalParticipation" xlink:to="bap_AdditionalParticipation_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AdditionalParticipation_lbl" xml:lang="en-US">A class of employee benefits expense that represents additional participation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AdditionalParticipation_lbl" xml:lang="en-US">Additional participation</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_WordersProfitSharing" xlink:label="bap_WordersProfitSharing" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_WordersProfitSharing" xlink:to="bap_WordersProfitSharing_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_WordersProfitSharing_lbl" xml:lang="en-US">A class of employee benefits expense that represents worders' profit sharing</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_WordersProfitSharing_lbl" xml:lang="en-US">Worders profit sharing</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_WordersProfitSharing_lbl" xml:lang="en-US">Workers' profit sharing</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SeveranceIndemnities" xlink:label="bap_SeveranceIndemnities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SeveranceIndemnities" xlink:to="bap_SeveranceIndemnities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SeveranceIndemnities_lbl" xml:lang="en-US">A class of employee benefits expense that represents Severance indemnities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SeveranceIndemnities_lbl" xml:lang="en-US">Severance indemnities</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RepairsAndMaintenanceExpense" xlink:label="ifrs-full_RepairsAndMaintenanceExpense" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RepairsAndMaintenanceExpense" xlink:to="ifrs-full_RepairsAndMaintenanceExpense_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RepairsAndMaintenanceExpense_lbl" xml:lang="en-US">Repairs and maintenance expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_RepairsAndMaintenanceExpense_lbl" xml:lang="en-US">Repair and maintenance</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PublicityExpense" xlink:label="bap_PublicityExpense" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PublicityExpense" xlink:to="bap_PublicityExpense_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PublicityExpense_lbl" xml:lang="en-US">The amount of expense recognised onpublicity activities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PublicityExpense_lbl" xml:lang="en-US">Publicity expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_PublicityExpense_lbl" xml:lang="en-US">Publicity</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TaxesAndContributions" xlink:label="bap_TaxesAndContributions" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TaxesAndContributions" xlink:to="bap_TaxesAndContributions_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TaxesAndContributions_lbl" xml:lang="en-US">The amount of expenses arising from taxes and contributions.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TaxesAndContributions_lbl" xml:lang="en-US">Taxes and contributions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_TaxesAndContributions_lbl" xml:lang="en-US">Taxes and contributions</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfessionalFeesExpense" xlink:label="ifrs-full_ProfessionalFeesExpense" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfessionalFeesExpense" xlink:to="ifrs-full_ProfessionalFeesExpense_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfessionalFeesExpense_lbl" xml:lang="en-US">Professional fees expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProfessionalFeesExpense_lbl" xml:lang="en-US">Consulting and professional fees</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TransportAndCommunicationExpense" xlink:label="bap_TransportAndCommunicationExpense" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TransportAndCommunicationExpense" xlink:to="bap_TransportAndCommunicationExpense_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TransportAndCommunicationExpense_lbl" xml:lang="en-US">The amount of expense arising from transportation services and communication.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TransportAndCommunicationExpense_lbl" xml:lang="en-US">Transport and communication expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_TransportAndCommunicationExpense_lbl" xml:lang="en-US">Transport and communications</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ServiceExpensesIbm" xlink:label="bap_ServiceExpensesIbm" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ServiceExpensesIbm" xlink:to="bap_ServiceExpensesIbm_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ServiceExpensesIbm_lbl" xml:lang="en-US">Amount of IBM service expenses incurred relating to administrative activities of the entity.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ServiceExpensesIbm_lbl" xml:lang="en-US">Service Expenses, IBM</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ServiceExpensesIbm_lbl" xml:lang="en-US">IBM services expenses</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FeeAndCommissionExpense" xlink:label="ifrs-full_FeeAndCommissionExpense" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FeeAndCommissionExpense" xlink:to="ifrs-full_FeeAndCommissionExpense_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FeeAndCommissionExpense_lbl" xml:lang="en-US">Fee and commission expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FeeAndCommissionExpense_lbl" xml:lang="en-US">Comissions by agents</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ExpenseRelatingToShortTermLowValueAndVariableRentLeasesForWhichRecognitionExemptionHasBeenUsed" xlink:label="bap_ExpenseRelatingToShortTermLowValueAndVariableRentLeasesForWhichRecognitionExemptionHasBeenUsed" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ExpenseRelatingToShortTermLowValueAndVariableRentLeasesForWhichRecognitionExemptionHasBeenUsed" xlink:to="bap_ExpenseRelatingToShortTermLowValueAndVariableRentLeasesForWhichRecognitionExemptionHasBeenUsed_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ExpenseRelatingToShortTermLowValueAndVariableRentLeasesForWhichRecognitionExemptionHasBeenUsed_lbl" xml:lang="en-US">The amount of the expense relating to short-term and of low value and variable rent leases accounted for applying paragraph 6 of IFRS 16.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ExpenseRelatingToShortTermLowValueAndVariableRentLeasesForWhichRecognitionExemptionHasBeenUsed_lbl" xml:lang="en-US">Expense Relating To Short-Term, Low Value And Variable Rent Leases For Which Recognition Exemption Has Been Used</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ExpenseRelatingToShortTermLowValueAndVariableRentLeasesForWhichRecognitionExemptionHasBeenUsed_lbl" xml:lang="en-US">Lease</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MiscellaneousAdministrativeExpense" xlink:label="bap_MiscellaneousAdministrativeExpense" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MiscellaneousAdministrativeExpense" xlink:to="bap_MiscellaneousAdministrativeExpense_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_MiscellaneousAdministrativeExpense_lbl" xml:lang="en-US">The amount of expense arising from sundry supplies.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MiscellaneousAdministrativeExpense_lbl" xml:lang="en-US">Miscellaneous administrative expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_MiscellaneousAdministrativeExpense_lbl" xml:lang="en-US">Sundry supplies</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SecurityAndProtectionExpense" xlink:label="bap_SecurityAndProtectionExpense" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SecurityAndProtectionExpense" xlink:to="bap_SecurityAndProtectionExpense_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SecurityAndProtectionExpense_lbl" xml:lang="en-US">The amount of security and protection expense incurred during the period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SecurityAndProtectionExpense_lbl" xml:lang="en-US">Security and Protection Expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SecurityAndProtectionExpense_lbl" xml:lang="en-US">Security and protection</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ElectricityAndWaterExpense" xlink:label="bap_ElectricityAndWaterExpense" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ElectricityAndWaterExpense" xlink:to="bap_ElectricityAndWaterExpense_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ElectricityAndWaterExpense_lbl" xml:lang="en-US">The amount of electricity and water expense incurred during the period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ElectricityAndWaterExpense_lbl" xml:lang="en-US">Electricity and Water Expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ElectricityAndWaterExpense_lbl" xml:lang="en-US">Electricity and water</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SubscriptionsAndQuotesExpense" xlink:label="bap_SubscriptionsAndQuotesExpense" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SubscriptionsAndQuotesExpense" xlink:to="bap_SubscriptionsAndQuotesExpense_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SubscriptionsAndQuotesExpense_lbl" xml:lang="en-US">The amount of subscriptions and quotes expense incurred during the period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SubscriptionsAndQuotesExpense_lbl" xml:lang="en-US">Subscriptions and Quotes Expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SubscriptionsAndQuotesExpense_lbl" xml:lang="en-US">Subscriptions and quotes</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InsuranceExpense" xlink:label="ifrs-full_InsuranceExpense" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InsuranceExpense" xlink:to="ifrs-full_InsuranceExpense_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InsuranceExpense_lbl" xml:lang="en-US">Insurance expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InsuranceExpense_lbl" xml:lang="en-US">Insurance</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ElectronicProcessingExpense" xlink:label="bap_ElectronicProcessingExpense" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ElectronicProcessingExpense" xlink:to="bap_ElectronicProcessingExpense_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ElectronicProcessingExpense_lbl" xml:lang="en-US">The amount of electronic processing expense incurred during the period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ElectronicProcessingExpense_lbl" xml:lang="en-US">Electronic Processing Expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ElectronicProcessingExpense_lbl" xml:lang="en-US">Electronic processing</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CleaningExpense" xlink:label="bap_CleaningExpense" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CleaningExpense" xlink:to="bap_CleaningExpense_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CleaningExpense_lbl" xml:lang="en-US">The amount of cleaning expense incurred during the period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CleaningExpense_lbl" xml:lang="en-US">Cleaning Expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CleaningExpense_lbl" xml:lang="en-US">Cleaning</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AuditorsRemuneration" xlink:label="ifrs-full_AuditorsRemuneration" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AuditorsRemuneration" xlink:to="ifrs-full_AuditorsRemuneration_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AuditorsRemuneration_lbl" xml:lang="en-US">Auditor's remuneration</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AuditorsRemuneration_lbl" xml:lang="en-US">Audit Services</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherAdministrativeExpense" xlink:label="bap_OtherAdministrativeExpense" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherAdministrativeExpense" xlink:to="bap_OtherAdministrativeExpense_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_OtherAdministrativeExpense_lbl" xml:lang="en-US">The amount of administrative expense classified as other.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherAdministrativeExpense_lbl" xml:lang="en-US">Other administrative expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_OtherAdministrativeExpense_lbl" xml:lang="en-US">Services by third-party and others</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OthersIncomeAbstract" xlink:label="bap_OthersIncomeAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OthersIncomeAbstract" xlink:to="bap_OthersIncomeAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OthersIncomeAbstract_lbl" xml:lang="en-US">Others income [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_OthersIncomeAbstract_lbl" xml:lang="en-US">Other income</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_RealEstateRentalIncome" xlink:label="bap_RealEstateRentalIncome" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_RealEstateRentalIncome" xlink:to="bap_RealEstateRentalIncome_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_RealEstateRentalIncome_lbl" xml:lang="en-US">The amount of rental income arising from real estate.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_RealEstateRentalIncome_lbl" xml:lang="en-US">Real estate rental income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_RealEstateRentalIncome_lbl" xml:lang="en-US">Rental income</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RevenueFromRenderingOfServices" xlink:label="ifrs-full_RevenueFromRenderingOfServices" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RevenueFromRenderingOfServices" xlink:to="ifrs-full_RevenueFromRenderingOfServices_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RevenueFromRenderingOfServices_lbl" xml:lang="en-US">Revenue from rendering of services</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_RevenueFromRenderingOfServices_lbl" xml:lang="en-US">Revenue from sale of loan portfolio(i)</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsOnDisposalsOfPropertyPlantAndEquipment" xlink:label="ifrs-full_GainsOnDisposalsOfPropertyPlantAndEquipment" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsOnDisposalsOfPropertyPlantAndEquipment" xlink:to="ifrs-full_GainsOnDisposalsOfPropertyPlantAndEquipment_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsOnDisposalsOfPropertyPlantAndEquipment_lbl" xml:lang="en-US">Gains on disposals of property, plant and equipment</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsOnDisposalsOfPropertyPlantAndEquipment_lbl" xml:lang="en-US">Net income from the sale of property, furniture and equipment</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_IncomeFromResolutionOfIfrs16Contracts" xlink:label="bap_IncomeFromResolutionOfIfrs16Contracts" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_IncomeFromResolutionOfIfrs16Contracts" xlink:to="bap_IncomeFromResolutionOfIfrs16Contracts_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_IncomeFromResolutionOfIfrs16Contracts_lbl" xml:lang="en-US">Represents the income from resolution of IFRS 16 contracts.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_IncomeFromResolutionOfIfrs16Contracts_lbl" xml:lang="en-US">Income from Resolution of IFRS 16 Contracts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_IncomeFromResolutionOfIfrs16Contracts_lbl" xml:lang="en-US">Income from resolution of IFRS 16 contracts</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_RecoveriesOfOtherAccountsReceivableAndOtherAssets" xlink:label="bap_RecoveriesOfOtherAccountsReceivableAndOtherAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_RecoveriesOfOtherAccountsReceivableAndOtherAssets" xlink:to="bap_RecoveriesOfOtherAccountsReceivableAndOtherAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_RecoveriesOfOtherAccountsReceivableAndOtherAssets_lbl" xml:lang="en-US">The amount of income from recoveries of other accounts receivable and other assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_RecoveriesOfOtherAccountsReceivableAndOtherAssets_lbl" xml:lang="en-US">Recoveries of other accounts receivable and other assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_RecoveriesOfOtherAccountsReceivableAndOtherAssets_lbl" xml:lang="en-US">Recoveries of other accounts receivable and other assets</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_NetProfitFromSaleOfSeizedAndRecoveredAssets" xlink:label="bap_NetProfitFromSaleOfSeizedAndRecoveredAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_NetProfitFromSaleOfSeizedAndRecoveredAssets" xlink:to="bap_NetProfitFromSaleOfSeizedAndRecoveredAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_NetProfitFromSaleOfSeizedAndRecoveredAssets_lbl" xml:lang="en-US">The amount of net profit or loss arising from sale of previously seized and recovered assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_NetProfitFromSaleOfSeizedAndRecoveredAssets_lbl" xml:lang="en-US">Net profit from sale of seized and recovered assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_NetProfitFromSaleOfSeizedAndRecoveredAssets_lbl" xml:lang="en-US">Net gain from sale of seized and recovered assets</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsOnDisposalsOfInvestmentProperties" xlink:label="ifrs-full_GainsOnDisposalsOfInvestmentProperties" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsOnDisposalsOfInvestmentProperties" xlink:to="ifrs-full_GainsOnDisposalsOfInvestmentProperties_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsOnDisposalsOfInvestmentProperties_lbl" xml:lang="en-US">Gains on disposals of investment properties</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsOnDisposalsOfInvestmentProperties_lbl" xml:lang="en-US">Net income from the sale of investments properties</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherMiscellaneousOperatingIncome" xlink:label="bap_OtherMiscellaneousOperatingIncome" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherMiscellaneousOperatingIncome" xlink:to="bap_OtherMiscellaneousOperatingIncome_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_OtherMiscellaneousOperatingIncome_lbl" xml:lang="en-US">The amount of other miscellaneous operating income that the entity does not separately disclose in the same statement or note.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherMiscellaneousOperatingIncome_lbl" xml:lang="en-US">Other miscellaneous operating income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_OtherMiscellaneousOperatingIncome_lbl" xml:lang="en-US">Others(ii)</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OthersExpensesAbstract" xlink:label="bap_OthersExpensesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OthersExpensesAbstract" xlink:to="bap_OthersExpensesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OthersExpensesAbstract_lbl" xml:lang="en-US">Others expenses [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_OthersExpensesAbstract_lbl" xml:lang="en-US">Other expenses</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DonationsAndSubsidiesExpense" xlink:label="ifrs-full_DonationsAndSubsidiesExpense" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DonationsAndSubsidiesExpense" xlink:to="ifrs-full_DonationsAndSubsidiesExpense_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DonationsAndSubsidiesExpense_lbl" xml:lang="en-US">Donations and subsidies expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DonationsAndSubsidiesExpense_lbl" xml:lang="en-US">Donations (iii)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DonationsAndSubsidiesExpense_lbl" xml:lang="en-US">Donations</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_HealthEmergencyExpense" xlink:label="bap_HealthEmergencyExpense" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_HealthEmergencyExpense" xlink:to="bap_HealthEmergencyExpense_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_HealthEmergencyExpense_lbl" xml:lang="en-US">Expense incurred mainly due to health emergency such as safety equipment, mobility vouchers, medical expenses, food, rapid tests, temperature measurement, among others.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_HealthEmergencyExpense_lbl" xml:lang="en-US">Health Emergency Expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_HealthEmergencyExpense_lbl" xml:lang="en-US">Various operating expenses (iv)</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_LossesDueToOperationalRisk" xlink:label="bap_LossesDueToOperationalRisk" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_LossesDueToOperationalRisk" xlink:to="bap_LossesDueToOperationalRisk_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_LossesDueToOperationalRisk_lbl" xml:lang="en-US">The losses arising due to operational risk.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_LossesDueToOperationalRisk_lbl" xml:lang="en-US">Losses due to operational risk</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_LossesDueToOperationalRisk_lbl" xml:lang="en-US">Losses due to operational risk</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ExpenseRelatedToAssociationInParticipation" xlink:label="bap_ExpenseRelatedToAssociationInParticipation" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ExpenseRelatedToAssociationInParticipation" xlink:to="bap_ExpenseRelatedToAssociationInParticipation_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ExpenseRelatedToAssociationInParticipation_lbl" xml:lang="en-US">The amount of expense related to association in participation.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ExpenseRelatedToAssociationInParticipation_lbl" xml:lang="en-US">Expense related to association in participation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_ExpenseRelatedToAssociationInParticipation_lbl" xml:lang="en-US">Association in participation</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ProvisionForOtherAccountsReceivable" xlink:label="bap_ProvisionForOtherAccountsReceivable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ProvisionForOtherAccountsReceivable" xlink:to="bap_ProvisionForOtherAccountsReceivable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ProvisionForOtherAccountsReceivable_lbl" xml:lang="en-US">Provision created for the other account receivables.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ProvisionForOtherAccountsReceivable_lbl" xml:lang="en-US">Provision for other accounts receivable</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ProvisionForOtherAccountsReceivable_lbl" xml:lang="en-US">Provision for other accounts receivable</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PropertyDevelopmentAndProjectManagementExpense" xlink:label="ifrs-full_PropertyDevelopmentAndProjectManagementExpense" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyDevelopmentAndProjectManagementExpense" xlink:to="ifrs-full_PropertyDevelopmentAndProjectManagementExpense_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PropertyDevelopmentAndProjectManagementExpense_lbl" xml:lang="en-US">Property development and project management expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_PropertyDevelopmentAndProjectManagementExpense_lbl" xml:lang="en-US">Expenses on improvements in building for rent</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AdministrativeAndTaxPenalties" xlink:label="bap_AdministrativeAndTaxPenalties" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AdministrativeAndTaxPenalties" xlink:to="bap_AdministrativeAndTaxPenalties_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AdministrativeAndTaxPenalties_lbl" xml:lang="en-US">The expenses relating to administrative and tax penalties.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AdministrativeAndTaxPenalties_lbl" xml:lang="en-US">Administrative and tax penalties</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AdministrativeAndTaxPenalties_lbl" xml:lang="en-US">Administrative and tax penalties</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_GainLossFromSaleOfAdjudicatedAssets" xlink:label="bap_GainLossFromSaleOfAdjudicatedAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_GainLossFromSaleOfAdjudicatedAssets" xlink:to="bap_GainLossFromSaleOfAdjudicatedAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_GainLossFromSaleOfAdjudicatedAssets_lbl" xml:lang="en-US">The amount of gain (loss) from sale of adjudicated assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_GainLossFromSaleOfAdjudicatedAssets_lbl" xml:lang="en-US">Gain loss from sale of adjudicated assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="bap_GainLossFromSaleOfAdjudicatedAssets_lbl" xml:lang="en-US">Net loss from sale adjudicated assets</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LossesOnDisposalsOfInvestmentProperties" xlink:label="ifrs-full_LossesOnDisposalsOfInvestmentProperties" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LossesOnDisposalsOfInvestmentProperties" xlink:to="ifrs-full_LossesOnDisposalsOfInvestmentProperties_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LossesOnDisposalsOfInvestmentProperties_lbl" xml:lang="en-US">Losses on disposals of investment properties</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LossesOnDisposalsOfInvestmentProperties_lbl" xml:lang="en-US">Loss on sale of investment properties</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherMiscellaneousOperatingExpense" xlink:label="bap_OtherMiscellaneousOperatingExpense" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherMiscellaneousOperatingExpense" xlink:to="bap_OtherMiscellaneousOperatingExpense_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_OtherMiscellaneousOperatingExpense_lbl" xml:lang="en-US">The amount of other miscellaneous operating expense that the entity does not separately disclose in the same statement or note.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherMiscellaneousOperatingExpense_lbl" xml:lang="en-US">Other miscellaneous operating expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_OtherMiscellaneousOperatingExpense_lbl" xml:lang="en-US">Others(v)</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfOtherIncomeAndExpensesTable" xlink:label="bap_DisclosureOfOtherIncomeAndExpensesTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfOtherIncomeAndExpensesTable" xlink:to="bap_DisclosureOfOtherIncomeAndExpensesTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfOtherIncomeAndExpensesTable_lbl" xml:lang="en-US">N/a</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfOtherIncomeAndExpensesTable_lbl" xml:lang="en-US">Disclosure of Other Income and Expenses (Table)</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfOtherIncomeAndExpensesLineItems" xlink:label="bap_DisclosureOfOtherIncomeAndExpensesLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfOtherIncomeAndExpensesLineItems" xlink:to="bap_DisclosureOfOtherIncomeAndExpensesLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DisclosureOfOtherIncomeAndExpensesLineItems_lbl" xml:lang="en-US">N/a.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfOtherIncomeAndExpensesLineItems_lbl" xml:lang="en-US">Disclosure of Other Income and Expenses (Line Items)</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SaleOfJudicialPortfolioInFormOfTransferOfRights" xlink:label="bap_SaleOfJudicialPortfolioInFormOfTransferOfRights" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SaleOfJudicialPortfolioInFormOfTransferOfRights" xlink:to="bap_SaleOfJudicialPortfolioInFormOfTransferOfRights_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SaleOfJudicialPortfolioInFormOfTransferOfRights_lbl" xml:lang="en-US">Represents the sale of the judicial portfolio in the form of transfer of rights.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SaleOfJudicialPortfolioInFormOfTransferOfRights_lbl" xml:lang="en-US">Sale Of The Judicial Portfolio In The Form Of Transfer Of Rights</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SaleOfJudicialPortfolioInFormOfTransferOfRights_lbl" xml:lang="en-US">Sale of the judicial portfolio in the form of transfer of rights</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NumberOfSharesIssuedAbstract" xlink:label="ifrs-full_NumberOfSharesIssuedAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfSharesIssuedAbstract" xlink:to="ifrs-full_NumberOfSharesIssuedAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfSharesIssuedAbstract_lbl" xml:lang="en-US">Number of shares issued [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NumberOfSharesIssuedAbstract_lbl" xml:lang="en-US">Number of stock</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued" xlink:label="ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued" xlink:to="ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued_lbl" xml:lang="en-US">Increase (decrease) in number of ordinary shares issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued_lbl" xml:lang="en-US">Less - opening balance of treasury stock</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AcquisitionOfTreasuryStockNet" xlink:label="bap_AcquisitionOfTreasuryStockNet" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AcquisitionOfTreasuryStockNet" xlink:to="bap_AcquisitionOfTreasuryStockNet_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AcquisitionOfTreasuryStockNet_lbl" xml:lang="en-US">The amount of treasury stock purchased during the period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AcquisitionOfTreasuryStockNet_lbl" xml:lang="en-US">Acquisition of treasury stock, net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_AcquisitionOfTreasuryStockNet_lbl" xml:lang="en-US">Acquisition of treasury stock, net</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_WeightedAverageShares" xlink:label="ifrs-full_WeightedAverageShares" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageShares" xlink:to="ifrs-full_WeightedAverageShares_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_WeightedAverageShares_lbl" xml:lang="en-US">Weighted average number of ordinary shares outstanding</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_WeightedAverageShares_lbl" xml:lang="en-US">Weighted average number of ordinary shares for basic earnings</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:label="ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:to="ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_lbl" xml:lang="en-US">Dilutive effect of share options on number of ordinary shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_lbl" xml:lang="en-US">Plus - dilution effect - stock awards</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustedWeightedAverageShares" xlink:label="ifrs-full_AdjustedWeightedAverageShares" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustedWeightedAverageShares" xlink:to="ifrs-full_AdjustedWeightedAverageShares_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustedWeightedAverageShares_lbl" xml:lang="en-US">Adjusted weighted average number of ordinary shares outstanding</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustedWeightedAverageShares_lbl" xml:lang="en-US">Weighted average number of ordinary shares adjusted for the effect of dilution</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:to="ifrs-full_DisclosureOfOperatingSegmentsTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsTable_lbl" xml:lang="en-US">Disclosure of operating segments [table]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_SegmentConsolidationItemsAxis" xlink:label="ifrs-full_SegmentConsolidationItemsAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SegmentConsolidationItemsAxis" xlink:to="ifrs-full_SegmentConsolidationItemsAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SegmentConsolidationItemsAxis_lbl" xml:lang="en-US">Segment consolidation items [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" xlink:label="ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" xlink:to="ifrs-full_EntitysTotalForSegmentConsolidationItemsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EntitysTotalForSegmentConsolidationItemsMember_lbl" xml:lang="en-US">Entitys Total For Segment Consolidation Items [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EntitysTotalForSegmentConsolidationItemsMember_lbl" xml:lang="en-US">Entity's total for segment consolidation items [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EliminationOfIntersegmentAmountsMember" xlink:label="ifrs-full_EliminationOfIntersegmentAmountsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EliminationOfIntersegmentAmountsMember" xlink:to="ifrs-full_EliminationOfIntersegmentAmountsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EliminationOfIntersegmentAmountsMember_lbl" xml:lang="en-US">Elimination Of Intersegment Amounts [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EliminationOfIntersegmentAmountsMember_lbl" xml:lang="en-US">Elimination Segments [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:to="ifrs-full_DisclosureOfOperatingSegmentsLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsLineItems_lbl" xml:lang="en-US">Disclosure of operating segments [line items]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ExternalRevenue" xlink:label="bap_ExternalRevenue" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ExternalRevenue" xlink:to="bap_ExternalRevenue_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ExternalRevenue_lbl" xml:lang="en-US">External Revenue</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ExternalRevenue_lbl" xml:lang="en-US">External Revenue</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_ExternalRevenue_lbl" xml:lang="en-US">External</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_RevenueFromOtherSegments" xlink:label="bap_RevenueFromOtherSegments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_RevenueFromOtherSegments" xlink:to="bap_RevenueFromOtherSegments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_RevenueFromOtherSegments_lbl" xml:lang="en-US">Revenue From Other Segments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_RevenueFromOtherSegments_lbl" xml:lang="en-US">Revenue From Other Segments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_RevenueFromOtherSegments_lbl" xml:lang="en-US">From other segments</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherRevenue" xlink:label="ifrs-full_OtherRevenue" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherRevenue" xlink:to="ifrs-full_OtherRevenue_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherRevenue_lbl" xml:lang="en-US">Other revenue</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OtherRevenue_lbl" xml:lang="en-US">Other income, net</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ProvisionForLoanLossesNet" xlink:label="bap_ProvisionForLoanLossesNet" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ProvisionForLoanLossesNet" xlink:to="bap_ProvisionForLoanLossesNet_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ProvisionForLoanLossesNet_lbl" xml:lang="en-US">Amount Of Provision For Loan Losses</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ProvisionForLoanLossesNet_lbl" xml:lang="en-US">Provision For Loan Losses Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_ProvisionForLoanLossesNet_lbl" xml:lang="en-US">Provision for credit losses on loan portfolio</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DepreciationAndAmortisationRightOfUseAssets" xlink:label="bap_DepreciationAndAmortisationRightOfUseAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DepreciationAndAmortisationRightOfUseAssets" xlink:to="bap_DepreciationAndAmortisationRightOfUseAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DepreciationAndAmortisationRightOfUseAssets_lbl" xml:lang="en-US">The amount includes expenses related to depreciation of amorization and depreciation of right of use assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DepreciationAndAmortisationRightOfUseAssets_lbl" xml:lang="en-US">Depreciation And Amortisation, Right Of Use Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="bap_DepreciationAndAmortisationRightOfUseAssets_lbl" xml:lang="en-US">Depreciation and amortization</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:label="ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:to="ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_lbl" xml:lang="en-US">Reclassification adjustments on exchange differences on translation, before tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_lbl" xml:lang="en-US">Income tax</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CapitalExpendituresIntangiblesAndgoodwill" xlink:label="bap_CapitalExpendituresIntangiblesAndgoodwill" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CapitalExpendituresIntangiblesAndgoodwill" xlink:to="bap_CapitalExpendituresIntangiblesAndgoodwill_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CapitalExpendituresIntangiblesAndgoodwill_lbl" xml:lang="en-US">The amount of capital expenditures, intangibles and goodwill.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CapitalExpendituresIntangiblesAndgoodwill_lbl" xml:lang="en-US">Capital expenditures intangibles and goodwill</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_CapitalExpendituresIntangiblesAndgoodwill_lbl" xml:lang="en-US">Additions of fixed asset, intangibles and goodwill</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfMajorCustomersLineItems" xlink:label="ifrs-full_DisclosureOfMajorCustomersLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfMajorCustomersLineItems" xlink:to="ifrs-full_DisclosureOfMajorCustomersLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfMajorCustomersLineItems_lbl" xml:lang="en-US">Disclosure of major customers [line items]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Revenue" xlink:label="ifrs-full_Revenue" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Revenue" xlink:to="ifrs-full_Revenue_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Revenue_lbl" xml:lang="en-US">Revenue</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Revenue_lbl" xml:lang="en-US">Total income</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OperatingIncomeNet" xlink:label="bap_OperatingIncomeNet" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OperatingIncomeNet" xlink:to="bap_OperatingIncomeNet_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_OperatingIncomeNet_lbl" xml:lang="en-US">The amount of operating income of the entity.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OperatingIncomeNet_lbl" xml:lang="en-US">Operating Income, Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_OperatingIncomeNet_lbl" xml:lang="en-US">Operating income</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts" xlink:label="ifrs-full_NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts" xlink:to="ifrs-full_NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts_lbl" xml:lang="en-US">Non-current assets other than financial instruments, deferred tax assets, post-employment benefit assets, and rights arising under insurance contracts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts_lbl" xml:lang="en-US">Total non-current assets</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AmountsReceivableRelatedPartyTransactions" xlink:label="ifrs-full_AmountsReceivableRelatedPartyTransactions" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AmountsReceivableRelatedPartyTransactions" xlink:to="ifrs-full_AmountsReceivableRelatedPartyTransactions_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AmountsReceivableRelatedPartyTransactions_lbl" xml:lang="en-US">Amounts receivable, related party transactions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AmountsReceivableRelatedPartyTransactions_lbl" xml:lang="en-US">Direct loans</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AvailableForSaleInvestmentsAndTradingSecuritiesRelatedPartyTransactions" xlink:label="bap_AvailableForSaleInvestmentsAndTradingSecuritiesRelatedPartyTransactions" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AvailableForSaleInvestmentsAndTradingSecuritiesRelatedPartyTransactions" xlink:to="bap_AvailableForSaleInvestmentsAndTradingSecuritiesRelatedPartyTransactions_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AvailableForSaleInvestmentsAndTradingSecuritiesRelatedPartyTransactions_lbl" xml:lang="en-US">The amount of financial assets relating to both available for sale and held to maturity participating in related party transactions.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AvailableForSaleInvestmentsAndTradingSecuritiesRelatedPartyTransactions_lbl" xml:lang="en-US">Available for sale investments and trading securities, related party transactions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AvailableForSaleInvestmentsAndTradingSecuritiesRelatedPartyTransactions_lbl" xml:lang="en-US">Investments</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AmountsPayableRelatedPartyTransactions" xlink:label="ifrs-full_AmountsPayableRelatedPartyTransactions" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AmountsPayableRelatedPartyTransactions" xlink:to="ifrs-full_AmountsPayableRelatedPartyTransactions_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AmountsPayableRelatedPartyTransactions_lbl" xml:lang="en-US">Amounts payable, related party transactions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_AmountsPayableRelatedPartyTransactions_lbl" xml:lang="en-US">Deposits</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DerivativesAtFairValueRelatedPartyTransactions" xlink:label="bap_DerivativesAtFairValueRelatedPartyTransactions" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DerivativesAtFairValueRelatedPartyTransactions" xlink:to="bap_DerivativesAtFairValueRelatedPartyTransactions_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DerivativesAtFairValueRelatedPartyTransactions_lbl" xml:lang="en-US">The fair value amount of derivative asset involved in related party transactions.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DerivativesAtFairValueRelatedPartyTransactions_lbl" xml:lang="en-US">Derivatives at fair value, related party transactions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DerivativesAtFairValueRelatedPartyTransactions_lbl" xml:lang="en-US">Derivatives at fair value</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions" xlink:label="ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions" xlink:to="ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions_lbl" xml:lang="en-US">Revenue from rendering of services, related party transactions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions_lbl" xml:lang="en-US">Interest income related to loans</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InterestExpensesRelatedToDepositsRelatedPartyTransactions" xlink:label="bap_InterestExpensesRelatedToDepositsRelatedPartyTransactions" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InterestExpensesRelatedToDepositsRelatedPartyTransactions" xlink:to="bap_InterestExpensesRelatedToDepositsRelatedPartyTransactions_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_InterestExpensesRelatedToDepositsRelatedPartyTransactions_lbl" xml:lang="en-US">The amount of interest expenses incurred during the period in related party transactions.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InterestExpensesRelatedToDepositsRelatedPartyTransactions_lbl" xml:lang="en-US">Interest expenses related to deposits, related party transactions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_InterestExpensesRelatedToDepositsRelatedPartyTransactions_lbl" xml:lang="en-US">Interest expenses related to deposits</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherRevenueIncomeRelatedPartyTransactions" xlink:label="bap_OtherRevenueIncomeRelatedPartyTransactions" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherRevenueIncomeRelatedPartyTransactions" xlink:to="bap_OtherRevenueIncomeRelatedPartyTransactions_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_OtherRevenueIncomeRelatedPartyTransactions_lbl" xml:lang="en-US">The income which is classified as other resulted during the period from related party transactions.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherRevenueIncomeRelatedPartyTransactions_lbl" xml:lang="en-US">Other revenue income, related party transactions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_OtherRevenueIncomeRelatedPartyTransactions_lbl" xml:lang="en-US">Other income</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OffBalanceSheetAbstract" xlink:label="bap_OffBalanceSheetAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OffBalanceSheetAbstract" xlink:to="bap_OffBalanceSheetAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OffBalanceSheetAbstract_lbl" xml:lang="en-US">Off-balance sheet</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ContingentCreditsRelatedPartyTransactions" xlink:label="bap_ContingentCreditsRelatedPartyTransactions" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ContingentCreditsRelatedPartyTransactions" xlink:to="bap_ContingentCreditsRelatedPartyTransactions_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ContingentCreditsRelatedPartyTransactions_lbl" xml:lang="en-US">The amount of contingent credits included in related party transactions.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ContingentCreditsRelatedPartyTransactions_lbl" xml:lang="en-US">Contingent credits, related party transactions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_ContingentCreditsRelatedPartyTransactions_lbl" xml:lang="en-US">Indirect loans</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfRelatedPartyExplanatoryTable" xlink:label="bap_DisclosureOfRelatedPartyExplanatoryTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfRelatedPartyExplanatoryTable" xlink:to="bap_DisclosureOfRelatedPartyExplanatoryTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfRelatedPartyExplanatoryTable_lbl" xml:lang="en-US">Disclosure Of Related Party Explanatory [Table]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeStatementLocationAxis" xlink:label="us-gaap_IncomeStatementLocationAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementLocationAxis" xlink:to="us-gaap_IncomeStatementLocationAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeStatementLocationAxis_lbl" xml:lang="en-US">Income Statement Location [Axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="us-gaap_IncomeStatementLocationDomain" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementLocationDomain" xlink:to="us-gaap_IncomeStatementLocationDomain_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeStatementLocationDomain_lbl" xml:lang="en-US">Income Statement Location [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeStatementLocationDomain_lbl" xml:lang="en-US">Income Statement Location [Domain]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DirectorsFeesMember" xlink:label="bap_DirectorsFeesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DirectorsFeesMember" xlink:to="bap_DirectorsFeesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DirectorsFeesMember_lbl" xml:lang="en-US">Directors Fees [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DirectorsFeesMember_lbl" xml:lang="en-US">Directors' fees [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_RemunerationsMember" xlink:label="bap_RemunerationsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_RemunerationsMember" xlink:to="bap_RemunerationsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_RemunerationsMember_lbl" xml:lang="en-US">Remunerations [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_RemunerationsMember_lbl" xml:lang="en-US">Remunerations [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_StockAwardsMember" xlink:label="bap_StockAwardsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_StockAwardsMember" xlink:to="bap_StockAwardsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_StockAwardsMember_lbl" xml:lang="en-US">Stock Awards [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_StockAwardsMember_lbl" xml:lang="en-US">Stock Awards [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfRelatedPartyExplanatoryLineItems" xlink:label="bap_DisclosureOfRelatedPartyExplanatoryLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfRelatedPartyExplanatoryLineItems" xlink:to="bap_DisclosureOfRelatedPartyExplanatoryLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfRelatedPartyExplanatoryLineItems_lbl" xml:lang="en-US">Disclosure Of Related Party Explanatory [Line Items]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_KeyManagementPersonnelCompensation" xlink:label="ifrs-full_KeyManagementPersonnelCompensation" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_KeyManagementPersonnelCompensation" xlink:to="ifrs-full_KeyManagementPersonnelCompensation_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_KeyManagementPersonnelCompensation_lbl" xml:lang="en-US">Key management personnel compensation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_KeyManagementPersonnelCompensation_lbl" xml:lang="en-US">Key management personnel compensation</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfFinancialAssetsTable" xlink:label="ifrs-full_DisclosureOfFinancialAssetsTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFinancialAssetsTable" xlink:to="ifrs-full_DisclosureOfFinancialAssetsTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFinancialAssetsTable_lbl" xml:lang="en-US">Disclosure of financial assets [table]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:label="ifrs-full_DisclosureOfFinancialAssetsLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:to="ifrs-full_DisclosureOfFinancialAssetsLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFinancialAssetsLineItems_lbl" xml:lang="en-US">Disclosure of financial assets [line items]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RelatedPartiesMember" xlink:label="ifrs-full_RelatedPartiesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RelatedPartiesMember" xlink:to="ifrs-full_RelatedPartiesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RelatedPartiesMember_lbl" xml:lang="en-US">Related Parties [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RelatedPartiesMember_lbl" xml:lang="en-US">Related parties [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_EmployeesDirectorsKeyManagementAndFamilyMember" xlink:label="bap_EmployeesDirectorsKeyManagementAndFamilyMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_EmployeesDirectorsKeyManagementAndFamilyMember" xlink:to="bap_EmployeesDirectorsKeyManagementAndFamilyMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_EmployeesDirectorsKeyManagementAndFamilyMember_lbl" xml:lang="en-US">Employees Directors Key Management And Family [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_EmployeesDirectorsKeyManagementAndFamilyMember_lbl" xml:lang="en-US">Employees, directors, key management and family [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProvisionsForDoubtfulDebtsRelatedToOutstandingBalancesOfRelatedPartyTransaction" xlink:label="ifrs-full_ProvisionsForDoubtfulDebtsRelatedToOutstandingBalancesOfRelatedPartyTransaction" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProvisionsForDoubtfulDebtsRelatedToOutstandingBalancesOfRelatedPartyTransaction" xlink:to="ifrs-full_ProvisionsForDoubtfulDebtsRelatedToOutstandingBalancesOfRelatedPartyTransaction_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProvisionsForDoubtfulDebtsRelatedToOutstandingBalancesOfRelatedPartyTransaction_lbl" xml:lang="en-US">Provisions for doubtful debts related to outstanding balances of related party transaction</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProvisionsForDoubtfulDebtsRelatedToOutstandingBalancesOfRelatedPartyTransaction_lbl" xml:lang="en-US">Allowance for doubtful debts related to outstanding balances of related party transaction</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfFinancialInstrumentsExplanatoryTable" xlink:label="bap_DisclosureOfFinancialInstrumentsExplanatoryTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfFinancialInstrumentsExplanatoryTable" xlink:to="bap_DisclosureOfFinancialInstrumentsExplanatoryTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfFinancialInstrumentsExplanatoryTable_lbl" xml:lang="en-US">Disclosure Of Financial Instruments Explanatory [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DisclosureOfFinancialInstrumentsExplanatoryTable_lbl" xml:lang="en-US">Designated at inception</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfFinancialInstrumentsExplanatoryLineItems" xlink:label="bap_DisclosureOfFinancialInstrumentsExplanatoryLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfFinancialInstrumentsExplanatoryLineItems" xlink:to="bap_DisclosureOfFinancialInstrumentsExplanatoryLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfFinancialInstrumentsExplanatoryLineItems_lbl" xml:lang="en-US">Disclosure Of Financial Instruments Explanatory [Line Items]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_MaximumExposureToCreditRiskOfFinancialAssets" xlink:label="ifrs-full_MaximumExposureToCreditRiskOfFinancialAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MaximumExposureToCreditRiskOfFinancialAssets" xlink:to="ifrs-full_MaximumExposureToCreditRiskOfFinancialAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MaximumExposureToCreditRiskOfFinancialAssets_lbl" xml:lang="en-US">Maximum exposure to credit risk of financial assets designated as measured at fair value through profit or loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_MaximumExposureToCreditRiskOfFinancialAssets_lbl" xml:lang="en-US">Maximum exposure to credit risk of financial assets designated as measured at fair value through profit or loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_MaximumExposureToCreditRiskOfFinancialAssets_lbl" xml:lang="en-US">Financial assets designated at fair value through profit or loss</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LiabilitiesAbstract" xlink:label="ifrs-full_LiabilitiesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LiabilitiesAbstract" xlink:to="ifrs-full_LiabilitiesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LiabilitiesAbstract_lbl" xml:lang="en-US">Liabilities [Abstract]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_MortgagesMember" xlink:label="ifrs-full_MortgagesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MortgagesMember" xlink:to="ifrs-full_MortgagesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MortgagesMember_lbl" xml:lang="en-US">Mortgages [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_MortgagesMember_lbl" xml:lang="en-US">Residential mortgage loans [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MicroBusinessLoansMember" xlink:label="bap_MicroBusinessLoansMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MicroBusinessLoansMember" xlink:to="bap_MicroBusinessLoansMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MicroBusinessLoansMember_lbl" xml:lang="en-US">Micro Business Loans [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MicroBusinessLoansMember_lbl" xml:lang="en-US">Microbusiness loans [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ImpairmentOfFinancialAssetsAxis" xlink:label="ifrs-full_ImpairmentOfFinancialAssetsAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ImpairmentOfFinancialAssetsAxis" xlink:to="ifrs-full_ImpairmentOfFinancialAssetsAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ImpairmentOfFinancialAssetsAxis_lbl" xml:lang="en-US">Impairment of financial assets [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember" xlink:label="ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember" xlink:to="ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember_lbl" xml:lang="en-US">Entitys Total For Impairment Of Financial Assets [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember_lbl" xml:lang="en-US">Entity's total for impairment of financial assets [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsPastDueButNotImpairedMember" xlink:label="ifrs-full_FinancialAssetsPastDueButNotImpairedMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsPastDueButNotImpairedMember" xlink:to="ifrs-full_FinancialAssetsPastDueButNotImpairedMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsPastDueButNotImpairedMember_lbl" xml:lang="en-US">Financial Assets Past Due But Not Impaired [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsPastDueButNotImpairedMember_lbl" xml:lang="en-US">Past due but not impaired [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsImpairedMember" xlink:label="ifrs-full_FinancialAssetsImpairedMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsImpairedMember" xlink:to="ifrs-full_FinancialAssetsImpairedMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsImpairedMember_lbl" xml:lang="en-US">Financial Assets Impaired [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsImpairedMember_lbl" xml:lang="en-US">Financial assets impaired [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember" xlink:label="ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember" xlink:to="ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember_lbl" xml:lang="en-US">Financial Assets Neither Past Due Nor Impaired [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember_lbl" xml:lang="en-US">Neither past due nor impaired [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TypeOfMeasurementOfExpectedCreditLossesAxis" xlink:label="ifrs-full_TypeOfMeasurementOfExpectedCreditLossesAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypeOfMeasurementOfExpectedCreditLossesAxis" xlink:to="ifrs-full_TypeOfMeasurementOfExpectedCreditLossesAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypeOfMeasurementOfExpectedCreditLossesAxis_lbl" xml:lang="en-US">Type of measurement of expected credit losses [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TypeOfMeasurementOfExpectedCreditLossesMember" xlink:label="ifrs-full_TypeOfMeasurementOfExpectedCreditLossesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypeOfMeasurementOfExpectedCreditLossesMember" xlink:to="ifrs-full_TypeOfMeasurementOfExpectedCreditLossesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypeOfMeasurementOfExpectedCreditLossesMember_lbl" xml:lang="en-US">Type Of Measurement Of Expected Credit Losses [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TypeOfMeasurementOfExpectedCreditLossesMember_lbl" xml:lang="en-US">Type of measurement of expected credit losses [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DirectNetLoans" xlink:label="bap_DirectNetLoans" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DirectNetLoans" xlink:to="bap_DirectNetLoans_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DirectNetLoans_lbl" xml:lang="en-US">The net amount of direct loans after allowance for loan losses.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DirectNetLoans_lbl" xml:lang="en-US">Direct net loans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DirectNetLoans_lbl" xml:lang="en-US">Total, net</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ImpairedLoans" xlink:label="bap_ImpairedLoans" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ImpairedLoans" xlink:to="bap_ImpairedLoans_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ImpairedLoans_lbl" xml:lang="en-US">The amount of impaired loans as at reporting period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ImpairedLoans_lbl" xml:lang="en-US">Impaired loans</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsThatAreIndividuallyDeterminedToBeImpairedFairValueOfCollateralHeldAndOtherCreditEnhancements" xlink:label="ifrs-full_FinancialAssetsThatAreIndividuallyDeterminedToBeImpairedFairValueOfCollateralHeldAndOtherCreditEnhancements" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsThatAreIndividuallyDeterminedToBeImpairedFairValueOfCollateralHeldAndOtherCreditEnhancements" xlink:to="ifrs-full_FinancialAssetsThatAreIndividuallyDeterminedToBeImpairedFairValueOfCollateralHeldAndOtherCreditEnhancements_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsThatAreIndividuallyDeterminedToBeImpairedFairValueOfCollateralHeldAndOtherCreditEnhancements_lbl" xml:lang="en-US">Financial assets that are individually determined to be impaired, fair value of collateral held and other credit enhancements</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_FinancialAssetsThatAreIndividuallyDeterminedToBeImpairedFairValueOfCollateralHeldAndOtherCreditEnhancements_lbl" xml:lang="en-US">Fair value of collateral</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CurrentLoansNeitherPastDueNorImpaired" xlink:label="bap_CurrentLoansNeitherPastDueNorImpaired" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CurrentLoansNeitherPastDueNorImpaired" xlink:to="bap_CurrentLoansNeitherPastDueNorImpaired_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CurrentLoansNeitherPastDueNorImpaired_lbl" xml:lang="en-US">The amount of current loans those loans are neither past due nor impared</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CurrentLoansNeitherPastDueNorImpaired_lbl" xml:lang="en-US">Current loans, neither past due nor impaired</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CurrentLoansNeitherPastDueNorImpaired_lbl" xml:lang="en-US">Current loans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_CurrentLoansNeitherPastDueNorImpaired_lbl" xml:lang="en-US">Current loans</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CurrentButImpairedLoans" xlink:label="bap_CurrentButImpairedLoans" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CurrentButImpairedLoans" xlink:to="bap_CurrentButImpairedLoans_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CurrentButImpairedLoans_lbl" xml:lang="en-US">The amount of loans which is current but those loans are impaired.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CurrentButImpairedLoans_lbl" xml:lang="en-US">Current but impaired loans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CurrentButImpairedLoans_lbl" xml:lang="en-US">Current but impaired loans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_CurrentButImpairedLoans_lbl" xml:lang="en-US">Current but impaired</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DelayedLoansButNotInternalOverdueLoans" xlink:label="bap_DelayedLoansButNotInternalOverdueLoans" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DelayedLoansButNotInternalOverdueLoans" xlink:to="bap_DelayedLoansButNotInternalOverdueLoans_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DelayedLoansButNotInternalOverdueLoans_lbl" xml:lang="en-US">The amount of one or more delayed loans but not internal overdue loans.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DelayedLoansButNotInternalOverdueLoans_lbl" xml:lang="en-US">Delayed loans but not internal overdue loans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DelayedLoansButNotInternalOverdueLoans_lbl" xml:lang="en-US">Loans with delay in payments of one day or more but not internal overdue loans</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InternalOverdueLoans" xlink:label="bap_InternalOverdueLoans" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InternalOverdueLoans" xlink:to="bap_InternalOverdueLoans_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_InternalOverdueLoans_lbl" xml:lang="en-US">The amount of internal overdue loans.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InternalOverdueLoans_lbl" xml:lang="en-US">Internal Overdue Loans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InternalOverdueLoans_lbl" xml:lang="en-US">Internal overdue loans</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PastDueLoanUnderScopeOfIfrs7" xlink:label="bap_PastDueLoanUnderScopeOfIfrs7" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PastDueLoanUnderScopeOfIfrs7" xlink:to="bap_PastDueLoanUnderScopeOfIfrs7_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PastDueLoanUnderScopeOfIfrs7_lbl" xml:lang="en-US">The amount of total past due loan which is in the scope of IFRS 7 class.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PastDueLoanUnderScopeOfIfrs7_lbl" xml:lang="en-US">Past due loan under scope of IFRS 7</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_PastDueLoanUnderScopeOfIfrs7_lbl" xml:lang="en-US">Total past due under IFRS 7</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_StatementScenarioAxis" xlink:label="srt_StatementScenarioAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_StatementScenarioAxis" xlink:to="srt_StatementScenarioAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_StatementScenarioAxis_lbl" xml:lang="en-US">Scenario [Axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ScenarioUnspecifiedDomain" xlink:label="srt_ScenarioUnspecifiedDomain" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ScenarioUnspecifiedDomain" xlink:to="srt_ScenarioUnspecifiedDomain_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ScenarioUnspecifiedDomain_lbl" xml:lang="en-US">Scenario Unspecified [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_ScenarioUnspecifiedDomain_lbl" xml:lang="en-US">Scenario [Domain]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OptimisticMember" xlink:label="bap_OptimisticMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OptimisticMember" xlink:to="bap_OptimisticMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OptimisticMember_lbl" xml:lang="en-US">Optimistic [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_OptimisticMember_lbl" xml:lang="en-US">Optimistic</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BaseCaseMember" xlink:label="bap_BaseCaseMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BaseCaseMember" xlink:to="bap_BaseCaseMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BaseCaseMember_lbl" xml:lang="en-US">Base Case [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BaseCaseMember_lbl" xml:lang="en-US">Base Case</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PessimisticMember" xlink:label="bap_PessimisticMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PessimisticMember" xlink:to="bap_PessimisticMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PessimisticMember_lbl" xml:lang="en-US">Pessimistic [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PessimisticMember_lbl" xml:lang="en-US">Pessimistic</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ExternalCreditGradesAxis" xlink:label="ifrs-full_ExternalCreditGradesAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExternalCreditGradesAxis" xlink:to="ifrs-full_ExternalCreditGradesAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ExternalCreditGradesAxis_lbl" xml:lang="en-US">External credit grades [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EntitysTotalForExternalCreditGradesMember" xlink:label="ifrs-full_EntitysTotalForExternalCreditGradesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForExternalCreditGradesMember" xlink:to="ifrs-full_EntitysTotalForExternalCreditGradesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EntitysTotalForExternalCreditGradesMember_lbl" xml:lang="en-US">Entitys Total For External Credit Grades [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EntitysTotalForExternalCreditGradesMember_lbl" xml:lang="en-US">Entity's total for external credit grades [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AaaMember" xlink:label="bap_AaaMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AaaMember" xlink:to="bap_AaaMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AaaMember_lbl" xml:lang="en-US">Aaa [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AaaMember_lbl" xml:lang="en-US">AAA [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AaToAaMember" xlink:label="bap_AaToAaMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AaToAaMember" xlink:to="bap_AaToAaMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AaToAaMember_lbl" xml:lang="en-US">Aa To Aa [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AaToAaMember_lbl" xml:lang="en-US">AA- a AA+ [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AToAMember" xlink:label="bap_AToAMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AToAMember" xlink:to="bap_AToAMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AToAMember_lbl" xml:lang="en-US">A To A [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AToAMember_lbl" xml:lang="en-US">A- to A+ [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BbbToBbbMember" xlink:label="bap_BbbToBbbMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BbbToBbbMember" xlink:to="bap_BbbToBbbMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BbbToBbbMember_lbl" xml:lang="en-US">Bbb To Bbb [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BbbToBbbMember_lbl" xml:lang="en-US">BBB- to BBB+ [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BbToBbMember" xlink:label="bap_BbToBbMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BbToBbMember" xlink:to="bap_BbToBbMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BbToBbMember_lbl" xml:lang="en-US">Bb To Bb [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BbToBbMember_lbl" xml:lang="en-US">BB- to BB+ [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_LowerAndEqualToBMember" xlink:label="bap_LowerAndEqualToBMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_LowerAndEqualToBMember" xlink:to="bap_LowerAndEqualToBMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_LowerAndEqualToBMember_lbl" xml:lang="en-US">Lower And Equal To B [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_LowerAndEqualToBMember_lbl" xml:lang="en-US">Lower and equal to +B [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BcrpCertificatesOfDepositMember" xlink:label="bap_BcrpCertificatesOfDepositMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BcrpCertificatesOfDepositMember" xlink:to="bap_BcrpCertificatesOfDepositMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BcrpCertificatesOfDepositMember_lbl" xml:lang="en-US">Bcrp Certificates Of Deposit [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BcrpCertificatesOfDepositMember_lbl" xml:lang="en-US">BCRP certificates of deposit [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ListedAndUnlistedSecuritiesMember" xlink:label="bap_ListedAndUnlistedSecuritiesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ListedAndUnlistedSecuritiesMember" xlink:to="bap_ListedAndUnlistedSecuritiesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ListedAndUnlistedSecuritiesMember_lbl" xml:lang="en-US">Listed And Unlisted Securities [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ListedAndUnlistedSecuritiesMember_lbl" xml:lang="en-US">Listed and unlisted securities [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_RestrictedMutualFundsMember" xlink:label="bap_RestrictedMutualFundsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_RestrictedMutualFundsMember" xlink:to="bap_RestrictedMutualFundsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_RestrictedMutualFundsMember_lbl" xml:lang="en-US">Restricted Mutual Funds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_RestrictedMutualFundsMember_lbl" xml:lang="en-US">Restricted mutual funds [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InvestmentFundsMember" xlink:label="ifrs-full_InvestmentFundsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentFundsMember" xlink:to="ifrs-full_InvestmentFundsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InvestmentFundsMember_lbl" xml:lang="en-US">Investment Funds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InvestmentFundsMember_lbl" xml:lang="en-US">Investment funds</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MutualFundsMember" xlink:label="bap_MutualFundsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MutualFundsMember" xlink:to="bap_MutualFundsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MutualFundsMember_lbl" xml:lang="en-US">Mutual Funds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MutualFundsMember_lbl" xml:lang="en-US">Mutual funds [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SubtotalMember" xlink:label="bap_SubtotalMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SubtotalMember" xlink:to="bap_SubtotalMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SubtotalMember_lbl" xml:lang="en-US">Subtotal [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SubtotalMember_lbl" xml:lang="en-US">Subtotal [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ParticipationsOfRalFundsMember" xlink:label="bap_ParticipationsOfRalFundsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ParticipationsOfRalFundsMember" xlink:to="bap_ParticipationsOfRalFundsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ParticipationsOfRalFundsMember_lbl" xml:lang="en-US">Participations Of Ral Funds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ParticipationsOfRalFundsMember_lbl" xml:lang="en-US">Participations of RAL Funds [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_HedgeFundMember" xlink:label="bap_HedgeFundMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_HedgeFundMember" xlink:to="bap_HedgeFundMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_HedgeFundMember_lbl" xml:lang="en-US">Hedge Fund [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_HedgeFundMember_lbl" xml:lang="en-US">Hedge funds [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TradingSecuritiesAvailableforsaleAndHeldtomaturityInvestmentsMember" xlink:label="bap_TradingSecuritiesAvailableforsaleAndHeldtomaturityInvestmentsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TradingSecuritiesAvailableforsaleAndHeldtomaturityInvestmentsMember" xlink:to="bap_TradingSecuritiesAvailableforsaleAndHeldtomaturityInvestmentsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TradingSecuritiesAvailableforsaleAndHeldtomaturityInvestmentsMember_lbl" xml:lang="en-US">Trading Securities Availableforsale And Heldtomaturity Investments [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TradingSecuritiesAvailableforsaleAndHeldtomaturityInvestmentsMember_lbl" xml:lang="en-US">Trading securities, available-for-sale and held-to-maturity investments [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PercentageOfFinancialAssets" xlink:label="bap_PercentageOfFinancialAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PercentageOfFinancialAssets" xlink:to="bap_PercentageOfFinancialAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PercentageOfFinancialAssets_lbl" xml:lang="en-US">The percentage of the entity's financial assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PercentageOfFinancialAssets_lbl" xml:lang="en-US">Percentage of financial assets</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TypesOfFinancialAssetsAxis" xlink:label="ifrs-full_TypesOfFinancialAssetsAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfFinancialAssetsAxis" xlink:to="ifrs-full_TypesOfFinancialAssetsAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfFinancialAssetsAxis_lbl" xml:lang="en-US">Types of financial assets [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsTypeMember" xlink:label="ifrs-full_FinancialAssetsTypeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsTypeMember" xlink:to="ifrs-full_FinancialAssetsTypeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsTypeMember_lbl" xml:lang="en-US">Financial Assets Type [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsTypeMember_lbl" xml:lang="en-US">Financial assets, type [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DerivatesMember" xlink:label="bap_DerivatesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DerivatesMember" xlink:to="bap_DerivatesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DerivatesMember_lbl" xml:lang="en-US">Derivates [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DerivatesMember_lbl" xml:lang="en-US">Payables on derivatives</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AvailableforsaleAndHeldtomaturityInvestmentsPledgedAsCollateralMember" xlink:label="bap_AvailableforsaleAndHeldtomaturityInvestmentsPledgedAsCollateralMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AvailableforsaleAndHeldtomaturityInvestmentsPledgedAsCollateralMember" xlink:to="bap_AvailableforsaleAndHeldtomaturityInvestmentsPledgedAsCollateralMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AvailableforsaleAndHeldtomaturityInvestmentsPledgedAsCollateralMember_lbl" xml:lang="en-US">Availableforsale And Heldtomaturity Investments Pledged As Collateral [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AvailableforsaleAndHeldtomaturityInvestmentsPledgedAsCollateralMember_lbl" xml:lang="en-US">Available-for-sale and held-to-maturity investments pledged as collateral [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsMember" xlink:label="bap_CashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsMember" xlink:to="bap_CashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsMember_lbl" xml:lang="en-US">Cash Collateral Reverse Repurchase Agreements And Securities Borrowings [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsMember_lbl" xml:lang="en-US">Cash collateral, reverse repurchase agreements and securities borrowings [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InvestmentsAtFairValueThroughOtherComprehensiveIncomeAndAmortizedCostPledgedAsCollateralMember" xlink:label="bap_InvestmentsAtFairValueThroughOtherComprehensiveIncomeAndAmortizedCostPledgedAsCollateralMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InvestmentsAtFairValueThroughOtherComprehensiveIncomeAndAmortizedCostPledgedAsCollateralMember" xlink:to="bap_InvestmentsAtFairValueThroughOtherComprehensiveIncomeAndAmortizedCostPledgedAsCollateralMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InvestmentsAtFairValueThroughOtherComprehensiveIncomeAndAmortizedCostPledgedAsCollateralMember_lbl" xml:lang="en-US">Investments At Fair Value Through Other Comprehensive Income And Amortized Cost Pledged As Collateral [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InvestmentsAtFairValueThroughOtherComprehensiveIncomeAndAmortizedCostPledgedAsCollateralMember_lbl" xml:lang="en-US">Investments At Fair Value Through Other Comprehensive Income And Amortized Cost Pledged As Collateral [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:label="ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:to="ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_lbl" xml:lang="en-US">Gross financial assets subject to offsetting, enforceable master netting arrangements or similar agreements</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_lbl" xml:lang="en-US">Gross amounts recognized financial assets</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" xlink:label="ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" xlink:to="ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_lbl" xml:lang="en-US">Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_lbl" xml:lang="en-US">Net of financial assets presented in the consolidated statements of financial position</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" xlink:label="ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" xlink:to="ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets_lbl" xml:lang="en-US">Financial instruments subject to enforceable master netting arrangement or similar agreement not set off against financial assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets_lbl" xml:lang="en-US">Related amounts not offset in the consolidated statement of financial position Financial Instruments</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" xlink:label="ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" xlink:to="ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets_lbl" xml:lang="en-US">Cash collateral received subject to enforceable master netting arrangement or similar agreement not set off against financial assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets_lbl" xml:lang="en-US">Related amounts not offset in the consolidated statement of financial position Cash collateral received</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:label="ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:to="ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_lbl" xml:lang="en-US">Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_lbl" xml:lang="en-US">Net amount</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TypesOfFinancialLiabilitiesAxis" xlink:label="ifrs-full_TypesOfFinancialLiabilitiesAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfFinancialLiabilitiesAxis" xlink:to="ifrs-full_TypesOfFinancialLiabilitiesAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfFinancialLiabilitiesAxis_lbl" xml:lang="en-US">Types of financial liabilities [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialLiabilitiesTypeMember" xlink:label="ifrs-full_FinancialLiabilitiesTypeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialLiabilitiesTypeMember" xlink:to="ifrs-full_FinancialLiabilitiesTypeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialLiabilitiesTypeMember_lbl" xml:lang="en-US">Financial Liabilities Type [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialLiabilitiesTypeMember_lbl" xml:lang="en-US">Financial liabilities, type [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PayablesFromRepurchaseAgreementsAndSecurityLendingsMember" xlink:label="bap_PayablesFromRepurchaseAgreementsAndSecurityLendingsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PayablesFromRepurchaseAgreementsAndSecurityLendingsMember" xlink:to="bap_PayablesFromRepurchaseAgreementsAndSecurityLendingsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PayablesFromRepurchaseAgreementsAndSecurityLendingsMember_lbl" xml:lang="en-US">Payables From Repurchase Agreements And Security Lendings [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PayablesFromRepurchaseAgreementsAndSecurityLendingsMember_lbl" xml:lang="en-US">Payables on repurchase agreements and securites lending</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfFinancialAssetsAndLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsAndSimilarAgreementsLineItems" xlink:label="bap_DisclosureOfFinancialAssetsAndLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsAndSimilarAgreementsLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfFinancialAssetsAndLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsAndSimilarAgreementsLineItems" xlink:to="bap_DisclosureOfFinancialAssetsAndLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsAndSimilarAgreementsLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfFinancialAssetsAndLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsAndSimilarAgreementsLineItems_lbl" xml:lang="en-US">Disclosure Of Financial Assets And Liabilities Subject To Offsetting Enforceable Master Netting Arrangements And Similar Agreements [Line Items]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:label="ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:to="ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_lbl" xml:lang="en-US">Gross financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_lbl" xml:lang="en-US">Gross amounts recognized financial liabilities</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" xlink:label="ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" xlink:to="ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_lbl" xml:lang="en-US">Net financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_lbl" xml:lang="en-US">Net amounts of financial liabilities presented in the consolidated statements of financial position</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" xlink:label="ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" xlink:to="ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities_lbl" xml:lang="en-US">Financial instruments subject to enforceable master netting arrangement or similar agreement not set off against financial liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities_lbl" xml:lang="en-US">Related amounts not offset in the consolidated statement of financial position Financial instruments</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" xlink:label="ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" xlink:to="ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities_lbl" xml:lang="en-US">Cash collateral pledged subject to enforceable master netting arrangement or similar agreement not set off against financial liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities_lbl" xml:lang="en-US">Related amounts not offset in the consolidated statement of financial position cash collateral pledged</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:label="ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:to="ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_lbl" xml:lang="en-US">Net financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_lbl" xml:lang="en-US">Net amount</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfConsolidatedVarByTypeOfAssetTable" xlink:label="bap_DisclosureOfConsolidatedVarByTypeOfAssetTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfConsolidatedVarByTypeOfAssetTable" xlink:to="bap_DisclosureOfConsolidatedVarByTypeOfAssetTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfConsolidatedVarByTypeOfAssetTable_lbl" xml:lang="en-US">Disclosure Of Consolidated VaR by Type Of Asset [Table]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ConsolidatedVarByTypeOfAssetMember" xlink:label="bap_ConsolidatedVarByTypeOfAssetMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ConsolidatedVarByTypeOfAssetMember" xlink:to="bap_ConsolidatedVarByTypeOfAssetMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ConsolidatedVarByTypeOfAssetMember_lbl" xml:lang="en-US">Consolidated Var By Type Of Asset [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ConsolidatedVarByTypeOfAssetMember_lbl" xml:lang="en-US">Price risk</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_VolatilityRiskMember" xlink:label="bap_VolatilityRiskMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_VolatilityRiskMember" xlink:to="bap_VolatilityRiskMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_VolatilityRiskMember_lbl" xml:lang="en-US">Volatility Risk [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_VolatilityRiskMember_lbl" xml:lang="en-US">Volatility risk</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RiskDiversificationEffectMember" xlink:label="ifrs-full_RiskDiversificationEffectMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RiskDiversificationEffectMember" xlink:to="ifrs-full_RiskDiversificationEffectMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RiskDiversificationEffectMember_lbl" xml:lang="en-US">Risk Diversification Effect [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RiskDiversificationEffectMember_lbl" xml:lang="en-US">Diversification effect</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfConsolidatedVarByTypeOfAssetLineItems" xlink:label="bap_DisclosureOfConsolidatedVarByTypeOfAssetLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfConsolidatedVarByTypeOfAssetLineItems" xlink:to="bap_DisclosureOfConsolidatedVarByTypeOfAssetLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfConsolidatedVarByTypeOfAssetLineItems_lbl" xml:lang="en-US">Disclosure Of Consolidated VaR by Type Of Asset [Line Items]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ValueAtRisk" xlink:label="ifrs-full_ValueAtRisk" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ValueAtRisk" xlink:to="ifrs-full_ValueAtRisk_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ValueAtRisk_lbl" xml:lang="en-US">Value at risk</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ValueAtRisk_lbl" xml:lang="en-US">Value at risk</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NotLaterThanOneMonthMember" xlink:label="ifrs-full_NotLaterThanOneMonthMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NotLaterThanOneMonthMember" xlink:to="ifrs-full_NotLaterThanOneMonthMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NotLaterThanOneMonthMember_lbl" xml:lang="en-US">Not Later Than One Month [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NotLaterThanOneMonthMember_lbl" xml:lang="en-US">Not later than one month [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember" xlink:label="ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember" xlink:to="ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember_lbl" xml:lang="en-US">Later Than One Month And Not Later Than Three Months [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember_lbl" xml:lang="en-US">Later than one month and not later than three months [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:to="ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember_lbl" xml:lang="en-US">Later Than One Year And Not Later Than Five Years [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember_lbl" xml:lang="en-US">Later than one year and not later than five years [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_NoninterestBearingAssetsMember" xlink:label="bap_NoninterestBearingAssetsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_NoninterestBearingAssetsMember" xlink:to="bap_NoninterestBearingAssetsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_NoninterestBearingAssetsMember_lbl" xml:lang="en-US">Noninterest Bearing Assets [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_NoninterestBearingAssetsMember_lbl" xml:lang="en-US">Non-Interest Bearing Assets [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AssetsAndLiabilitiesAxis" xlink:label="ifrs-full_AssetsAndLiabilitiesAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssetsAndLiabilitiesAxis" xlink:to="ifrs-full_AssetsAndLiabilitiesAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AssetsAndLiabilitiesAxis_lbl" xml:lang="en-US">Assets and liabilities [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AssetsAndLiabilitiesMember" xlink:label="ifrs-full_AssetsAndLiabilitiesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssetsAndLiabilitiesMember" xlink:to="ifrs-full_AssetsAndLiabilitiesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AssetsAndLiabilitiesMember_lbl" xml:lang="en-US">Assets And Liabilities [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AssetsAndLiabilitiesMember_lbl" xml:lang="en-US">Assets and liabilities [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CashAndDueFromBanksCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsMember" xlink:label="bap_CashAndDueFromBanksCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CashAndDueFromBanksCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsMember" xlink:to="bap_CashAndDueFromBanksCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CashAndDueFromBanksCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsMember_lbl" xml:lang="en-US">Cash And Due From Banks Cash Collateral Reverse Repurchase Agreements And Securities Borrowings [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CashAndDueFromBanksCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsMember_lbl" xml:lang="en-US">Cash and due from banks, Cash collateral, reverse repurchase agreements and securities borrowings [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InvestmentMember" xlink:label="bap_InvestmentMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InvestmentMember" xlink:to="bap_InvestmentMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InvestmentMember_lbl" xml:lang="en-US">Investment [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InvestmentMember_lbl" xml:lang="en-US">Investment [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_LoansNetMember" xlink:label="bap_LoansNetMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_LoansNetMember" xlink:to="bap_LoansNetMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_LoansNetMember_lbl" xml:lang="en-US">Loans Net [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_LoansNetMember_lbl" xml:lang="en-US">Loans, net [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FinancialAssetsDesignatedAtFairValueThroughProfitOrLossMember" xlink:label="bap_FinancialAssetsDesignatedAtFairValueThroughProfitOrLossMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FinancialAssetsDesignatedAtFairValueThroughProfitOrLossMember" xlink:to="bap_FinancialAssetsDesignatedAtFairValueThroughProfitOrLossMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FinancialAssetsDesignatedAtFairValueThroughProfitOrLossMember_lbl" xml:lang="en-US">Financial Assets Designated At Fair Value Through Profit Or Loss [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FinancialAssetsDesignatedAtFairValueThroughProfitOrLossMember_lbl" xml:lang="en-US">Financial assets designated at fair value through profit or loss [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PremiumsAndOtherPoliciesAccountsReceivableMember" xlink:label="bap_PremiumsAndOtherPoliciesAccountsReceivableMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PremiumsAndOtherPoliciesAccountsReceivableMember" xlink:to="bap_PremiumsAndOtherPoliciesAccountsReceivableMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PremiumsAndOtherPoliciesAccountsReceivableMember_lbl" xml:lang="en-US">Premiums And Other Policies Accounts Receivable [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PremiumsAndOtherPoliciesAccountsReceivableMember_lbl" xml:lang="en-US">Premiums and other policies Accounts receivable [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AccountsReceivableFromReinsurersAndCoinsurersMember" xlink:label="bap_AccountsReceivableFromReinsurersAndCoinsurersMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AccountsReceivableFromReinsurersAndCoinsurersMember" xlink:to="bap_AccountsReceivableFromReinsurersAndCoinsurersMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AccountsReceivableFromReinsurersAndCoinsurersMember_lbl" xml:lang="en-US">Accounts Receivable From Reinsurers And Coinsurers [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AccountsReceivableFromReinsurersAndCoinsurersMember_lbl" xml:lang="en-US">Accounts receivable from reinsurers and coinsurers [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherAssetMember" xlink:label="bap_OtherAssetMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherAssetMember" xlink:to="bap_OtherAssetMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherAssetMember_lbl" xml:lang="en-US">Other Asset [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_OtherAssetMember_lbl" xml:lang="en-US">Other asset [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AssetTotalMember" xlink:label="bap_AssetTotalMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AssetTotalMember" xlink:to="bap_AssetTotalMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AssetTotalMember_lbl" xml:lang="en-US">Asset Total [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AssetTotalMember_lbl" xml:lang="en-US">Asset total [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DepositsAndObligationsMember" xlink:label="bap_DepositsAndObligationsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DepositsAndObligationsMember" xlink:to="bap_DepositsAndObligationsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DepositsAndObligationsMember_lbl" xml:lang="en-US">Deposits And Obligations [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DepositsAndObligationsMember_lbl" xml:lang="en-US">Deposits and obligations [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PayablesFromRepurchaseAgreementsSecurityLendingAndDueToBanksAndCorrespondentsMember" xlink:label="bap_PayablesFromRepurchaseAgreementsSecurityLendingAndDueToBanksAndCorrespondentsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PayablesFromRepurchaseAgreementsSecurityLendingAndDueToBanksAndCorrespondentsMember" xlink:to="bap_PayablesFromRepurchaseAgreementsSecurityLendingAndDueToBanksAndCorrespondentsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PayablesFromRepurchaseAgreementsSecurityLendingAndDueToBanksAndCorrespondentsMember_lbl" xml:lang="en-US">Payables From Repurchase Agreements Security Lending And Due To Banks And Correspondents [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PayablesFromRepurchaseAgreementsSecurityLendingAndDueToBanksAndCorrespondentsMember_lbl" xml:lang="en-US">Payables from repurchase agreements, security lending and due to banks and correspondents [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AccountsPayableToReinsurersMember" xlink:label="bap_AccountsPayableToReinsurersMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AccountsPayableToReinsurersMember" xlink:to="bap_AccountsPayableToReinsurersMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AccountsPayableToReinsurersMember_lbl" xml:lang="en-US">Accounts Payable To Reinsurers [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AccountsPayableToReinsurersMember_lbl" xml:lang="en-US">Accounts payable to reinsurers [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TechnicalInsuranceClaimsReservesAndReservesForUnearnedPremiumsMember" xlink:label="bap_TechnicalInsuranceClaimsReservesAndReservesForUnearnedPremiumsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TechnicalInsuranceClaimsReservesAndReservesForUnearnedPremiumsMember" xlink:to="bap_TechnicalInsuranceClaimsReservesAndReservesForUnearnedPremiumsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TechnicalInsuranceClaimsReservesAndReservesForUnearnedPremiumsMember_lbl" xml:lang="en-US">Technical Insurance Claims Reserves And Reserves For Unearned Premiums [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TechnicalInsuranceClaimsReservesAndReservesForUnearnedPremiumsMember_lbl" xml:lang="en-US">Technical, insurance claims reserves and reserves for unearned premiums [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FinancialLiabilitiesAtFairValueThroughProfitOrLossMember" xlink:label="bap_FinancialLiabilitiesAtFairValueThroughProfitOrLossMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FinancialLiabilitiesAtFairValueThroughProfitOrLossMember" xlink:to="bap_FinancialLiabilitiesAtFairValueThroughProfitOrLossMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FinancialLiabilitiesAtFairValueThroughProfitOrLossMember_lbl" xml:lang="en-US">Financial Liabilities At Fair Value Through Profit Or Loss [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FinancialLiabilitiesAtFairValueThroughProfitOrLossMember_lbl" xml:lang="en-US">Financial liabilities at fair value through profit or loss [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BondsAndNotesIssuedMember" xlink:label="bap_BondsAndNotesIssuedMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BondsAndNotesIssuedMember" xlink:to="bap_BondsAndNotesIssuedMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BondsAndNotesIssuedMember_lbl" xml:lang="en-US">Bonds And Notes Issued [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BondsAndNotesIssuedMember_lbl" xml:lang="en-US">Bonds and notes issued [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherLiabilitieMember" xlink:label="bap_OtherLiabilitieMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherLiabilitieMember" xlink:to="bap_OtherLiabilitieMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherLiabilitieMember_lbl" xml:lang="en-US">Other Liabilitie [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_OtherLiabilitieMember_lbl" xml:lang="en-US">Other liabilitie [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_EquitysMember" xlink:label="bap_EquitysMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_EquitysMember" xlink:to="bap_EquitysMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_EquitysMember_lbl" xml:lang="en-US">Equitys [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_EquitysMember_lbl" xml:lang="en-US">Equity [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_LiabilitiesAndEquityTotalMember" xlink:label="bap_LiabilitiesAndEquityTotalMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_LiabilitiesAndEquityTotalMember" xlink:to="bap_LiabilitiesAndEquityTotalMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_LiabilitiesAndEquityTotalMember_lbl" xml:lang="en-US">Liabilities And Equity Total [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_LiabilitiesAndEquityTotalMember_lbl" xml:lang="en-US">Liabilities and equity total [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MarginalDifferenceMember" xlink:label="bap_MarginalDifferenceMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MarginalDifferenceMember" xlink:to="bap_MarginalDifferenceMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MarginalDifferenceMember_lbl" xml:lang="en-US">Marginal Difference [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MarginalDifferenceMember_lbl" xml:lang="en-US">Marginal gap [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AccumulatedDifferenceMember" xlink:label="bap_AccumulatedDifferenceMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AccumulatedDifferenceMember" xlink:to="bap_AccumulatedDifferenceMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AccumulatedDifferenceMember_lbl" xml:lang="en-US">Accumulated Difference [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AccumulatedDifferenceMember_lbl" xml:lang="en-US">Accumulated Gap [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OffbalancesheetAccountsAxis" xlink:label="bap_OffbalancesheetAccountsAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OffbalancesheetAccountsAxis" xlink:to="bap_OffbalancesheetAccountsAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OffbalancesheetAccountsAxis_lbl" xml:lang="en-US">Off-balance-sheet accounts [Axis]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OffbalancesheetAccountsDomain" xlink:label="bap_OffbalancesheetAccountsDomain" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OffbalancesheetAccountsDomain" xlink:to="bap_OffbalancesheetAccountsDomain_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OffbalancesheetAccountsDomain_lbl" xml:lang="en-US">Offbalancesheet Accounts [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_OffbalancesheetAccountsDomain_lbl" xml:lang="en-US">Off-balance-sheet accounts [Domain]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DerivativeFinancialAssetsMember" xlink:label="bap_DerivativeFinancialAssetsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DerivativeFinancialAssetsMember" xlink:to="bap_DerivativeFinancialAssetsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DerivativeFinancialAssetsMember_lbl" xml:lang="en-US">Derivative Financial Assets [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DerivativeFinancialAssetsMember_lbl" xml:lang="en-US">Derivative financial assets [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DerivativeFinancialLiabilitiesMember" xlink:label="bap_DerivativeFinancialLiabilitiesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DerivativeFinancialLiabilitiesMember" xlink:to="bap_DerivativeFinancialLiabilitiesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DerivativeFinancialLiabilitiesMember_lbl" xml:lang="en-US">Derivative Financial Liabilities [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DerivativeFinancialLiabilitiesMember_lbl" xml:lang="en-US">Derivative financial liabilities [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DerivativeNetMember" xlink:label="bap_DerivativeNetMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DerivativeNetMember" xlink:to="bap_DerivativeNetMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DerivativeNetMember_lbl" xml:lang="en-US">Derivative Net [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DerivativeNetMember_lbl" xml:lang="en-US">Derivative Net [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FinancialInstrumentCreditExposureGainLoss" xlink:label="bap_FinancialInstrumentCreditExposureGainLoss" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FinancialInstrumentCreditExposureGainLoss" xlink:to="bap_FinancialInstrumentCreditExposureGainLoss_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FinancialInstrumentCreditExposureGainLoss_lbl" xml:lang="en-US">The amount of exposure to loss resulting from credit risk.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FinancialInstrumentCreditExposureGainLoss_lbl" xml:lang="en-US">Financial Instrument Credit Exposure Gain Loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FinancialInstrumentCreditExposureGainLoss_lbl" xml:lang="en-US">Credit exposure</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RiskExposuresAxis" xlink:label="ifrs-full_RiskExposuresAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RiskExposuresAxis" xlink:to="ifrs-full_RiskExposuresAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RiskExposuresAxis_lbl" xml:lang="en-US">Risk exposures [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RiskExposuresMember" xlink:label="ifrs-full_RiskExposuresMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RiskExposuresMember" xlink:to="ifrs-full_RiskExposuresMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RiskExposuresMember_lbl" xml:lang="en-US">Risk Exposures [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RiskExposuresMember_lbl" xml:lang="en-US">Risk exposures [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SolesAt50BasisPointsChangeMember" xlink:label="bap_SolesAt50BasisPointsChangeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SolesAt50BasisPointsChangeMember" xlink:to="bap_SolesAt50BasisPointsChangeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SolesAt50BasisPointsChangeMember_lbl" xml:lang="en-US">Soles At50 Basis Points Change [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SolesAt50BasisPointsChangeMember_lbl" xml:lang="en-US">Soles at 50 basis points change [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SolesAt75BasisPointsChangeMember" xlink:label="bap_SolesAt75BasisPointsChangeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SolesAt75BasisPointsChangeMember" xlink:to="bap_SolesAt75BasisPointsChangeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SolesAt75BasisPointsChangeMember_lbl" xml:lang="en-US">Soles At75 Basis Points Change [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SolesAt75BasisPointsChangeMember_lbl" xml:lang="en-US">Soles at 75 basis points change [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SolesAt100BasisPointsChangeMember" xlink:label="bap_SolesAt100BasisPointsChangeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SolesAt100BasisPointsChangeMember" xlink:to="bap_SolesAt100BasisPointsChangeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SolesAt100BasisPointsChangeMember_lbl" xml:lang="en-US">Soles At100 Basis Points Change [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SolesAt100BasisPointsChangeMember_lbl" xml:lang="en-US">Soles at 100 basis points change [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SolesAt150BasisPointsChangeMember" xlink:label="bap_SolesAt150BasisPointsChangeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SolesAt150BasisPointsChangeMember" xlink:to="bap_SolesAt150BasisPointsChangeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SolesAt150BasisPointsChangeMember_lbl" xml:lang="en-US">Soles At150 Basis Points Change [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SolesAt150BasisPointsChangeMember_lbl" xml:lang="en-US">Soles at 150 basis points change [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_UsDollarAt50BasisPointsChangeMember" xlink:label="bap_UsDollarAt50BasisPointsChangeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_UsDollarAt50BasisPointsChangeMember" xlink:to="bap_UsDollarAt50BasisPointsChangeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_UsDollarAt50BasisPointsChangeMember_lbl" xml:lang="en-US">Us Dollar At50 Basis Points Change [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_UsDollarAt50BasisPointsChangeMember_lbl" xml:lang="en-US">US Dollar at 50 basis points change [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_UsDollarAt75BasisPointsChangeMember" xlink:label="bap_UsDollarAt75BasisPointsChangeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_UsDollarAt75BasisPointsChangeMember" xlink:to="bap_UsDollarAt75BasisPointsChangeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_UsDollarAt75BasisPointsChangeMember_lbl" xml:lang="en-US">Us Dollar At75 Basis Points Change [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_UsDollarAt75BasisPointsChangeMember_lbl" xml:lang="en-US">US Dollar at 75 basis points change [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_UsDollarAt100BasisPointsChangeMember" xlink:label="bap_UsDollarAt100BasisPointsChangeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_UsDollarAt100BasisPointsChangeMember" xlink:to="bap_UsDollarAt100BasisPointsChangeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_UsDollarAt100BasisPointsChangeMember_lbl" xml:lang="en-US">Us Dollar At100 Basis Points Change [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_UsDollarAt100BasisPointsChangeMember_lbl" xml:lang="en-US">US Dollar at 100 basis points change [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_UsDollarAt150BasisPointsChangeMember" xlink:label="bap_UsDollarAt150BasisPointsChangeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_UsDollarAt150BasisPointsChangeMember" xlink:to="bap_UsDollarAt150BasisPointsChangeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_UsDollarAt150BasisPointsChangeMember_lbl" xml:lang="en-US">Us Dollar At150 Basis Points Change [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_UsDollarAt150BasisPointsChangeMember_lbl" xml:lang="en-US">US Dollar at 150 basis points change [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SensitivityAnalysisChangesInBasisPoints" xlink:label="bap_SensitivityAnalysisChangesInBasisPoints" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SensitivityAnalysisChangesInBasisPoints" xlink:to="bap_SensitivityAnalysisChangesInBasisPoints_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SensitivityAnalysisChangesInBasisPoints_lbl" xml:lang="en-US">The reasonably possible change in basis points used in sensitivity analysis to determine the relative change in net profit and economic value.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SensitivityAnalysisChangesInBasisPoints_lbl" xml:lang="en-US">Sensitivity Analysis, Changes In Basis Points</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SensitivityAnalysisChangesInNetProfit" xlink:label="bap_SensitivityAnalysisChangesInNetProfit" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SensitivityAnalysisChangesInNetProfit" xlink:to="bap_SensitivityAnalysisChangesInNetProfit_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SensitivityAnalysisChangesInNetProfit_lbl" xml:lang="en-US">The amount of change in net profit due to change in basis points.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SensitivityAnalysisChangesInNetProfit_lbl" xml:lang="en-US">Sensitivity Analysis, Changes In Net Profit</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_SensitivityAnalysisChangesInNetProfit_lbl" xml:lang="en-US">Sensitivity Analysis, Net Profit</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SensitivityAnalysisChangesInEconomicValue" xlink:label="bap_SensitivityAnalysisChangesInEconomicValue" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SensitivityAnalysisChangesInEconomicValue" xlink:to="bap_SensitivityAnalysisChangesInEconomicValue_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SensitivityAnalysisChangesInEconomicValue_lbl" xml:lang="en-US">The amount of change in economic value due to change in basis points.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SensitivityAnalysisChangesInEconomicValue_lbl" xml:lang="en-US">Sensitivity Analysis, Changes In economic value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_SensitivityAnalysisChangesInEconomicValue_lbl" xml:lang="en-US">Sensitivity Analysis, Net Economic Value</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SensitivityAnalysisPercentageChangesInMarketPrice" xlink:label="bap_SensitivityAnalysisPercentageChangesInMarketPrice" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SensitivityAnalysisPercentageChangesInMarketPrice" xlink:to="bap_SensitivityAnalysisPercentageChangesInMarketPrice_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SensitivityAnalysisPercentageChangesInMarketPrice_lbl" xml:lang="en-US">The reasonably possible percenatge change in market price used in sensitivity analysis to determine expected unrealized gain or loss.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SensitivityAnalysisPercentageChangesInMarketPrice_lbl" xml:lang="en-US">Sensitivity Analysis, Percentage Changes In Market Price</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SensitivityAnalysisexpectedUnrealizedGainOrLossDueToChangeInMarketPrice" xlink:label="bap_SensitivityAnalysisexpectedUnrealizedGainOrLossDueToChangeInMarketPrice" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SensitivityAnalysisexpectedUnrealizedGainOrLossDueToChangeInMarketPrice" xlink:to="bap_SensitivityAnalysisexpectedUnrealizedGainOrLossDueToChangeInMarketPrice_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SensitivityAnalysisexpectedUnrealizedGainOrLossDueToChangeInMarketPrice_lbl" xml:lang="en-US">The amount of expected unrealized gain or loss due to change in market price.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SensitivityAnalysisexpectedUnrealizedGainOrLossDueToChangeInMarketPrice_lbl" xml:lang="en-US">Sensitivity Analysis,expected unrealized gain or loss due to change in market price</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherCurrencyMember" xlink:label="bap_OtherCurrencyMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherCurrencyMember" xlink:to="bap_OtherCurrencyMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherCurrencyMember_lbl" xml:lang="en-US">Other Currency [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_OtherCurrencyMember_lbl" xml:lang="en-US">Other Currency [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MonetaryAssetsMember" xlink:label="bap_MonetaryAssetsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MonetaryAssetsMember" xlink:to="bap_MonetaryAssetsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MonetaryAssetsMember_lbl" xml:lang="en-US">Monetary Assets [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MonetaryAssetsMember_lbl" xml:lang="en-US">Monetary Assets [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MonetaryLiabilitiesMember" xlink:label="bap_MonetaryLiabilitiesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MonetaryLiabilitiesMember" xlink:to="bap_MonetaryLiabilitiesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MonetaryLiabilitiesMember_lbl" xml:lang="en-US">Monetary Liabilities [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MonetaryLiabilitiesMember_lbl" xml:lang="en-US">Monetary Liabilities [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NetAssetsLiabilities" xlink:label="ifrs-full_NetAssetsLiabilities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NetAssetsLiabilities" xlink:to="ifrs-full_NetAssetsLiabilities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NetAssetsLiabilities_lbl" xml:lang="en-US">Assets (liabilities)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NetAssetsLiabilities_lbl" xml:lang="en-US">Gains (losses) on net monetary position</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ForwardsPositionNet" xlink:label="bap_ForwardsPositionNet" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ForwardsPositionNet" xlink:to="bap_ForwardsPositionNet_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ForwardsPositionNet_lbl" xml:lang="en-US">The amount of net forwards position.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ForwardsPositionNet_lbl" xml:lang="en-US">Forwards Position Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_ForwardsPositionNet_lbl" xml:lang="en-US">Forwards position, net</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CurrencySwapsPositionNet" xlink:label="bap_CurrencySwapsPositionNet" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CurrencySwapsPositionNet" xlink:to="bap_CurrencySwapsPositionNet_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CurrencySwapsPositionNet_lbl" xml:lang="en-US">The amount of net currency swaps position.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CurrencySwapsPositionNet_lbl" xml:lang="en-US">Currency Swaps Position Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_CurrencySwapsPositionNet_lbl" xml:lang="en-US">Currency swaps position, net</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CrossCurrencySwapsPositionNet" xlink:label="bap_CrossCurrencySwapsPositionNet" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CrossCurrencySwapsPositionNet" xlink:to="bap_CrossCurrencySwapsPositionNet_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CrossCurrencySwapsPositionNet_lbl" xml:lang="en-US">The amount of net cross currency swaps position.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CrossCurrencySwapsPositionNet_lbl" xml:lang="en-US">Cross Currency Swaps Position Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_CrossCurrencySwapsPositionNet_lbl" xml:lang="en-US">Cross currency swaps position, net</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OptionsNet" xlink:label="bap_OptionsNet" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OptionsNet" xlink:to="bap_OptionsNet_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_OptionsNet_lbl" xml:lang="en-US">The amount of net options.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OptionsNet_lbl" xml:lang="en-US">Options Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_OptionsNet_lbl" xml:lang="en-US">Options, net</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AccountingHedgeInvestmentAbroadNet" xlink:label="bap_AccountingHedgeInvestmentAbroadNet" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AccountingHedgeInvestmentAbroadNet" xlink:to="bap_AccountingHedgeInvestmentAbroadNet_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AccountingHedgeInvestmentAbroadNet_lbl" xml:lang="en-US">The amount of accounting hedge, investment abroad.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AccountingHedgeInvestmentAbroadNet_lbl" xml:lang="en-US">Accounting Hedge, Investment Abroad, Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AccountingHedgeInvestmentAbroadNet_lbl" xml:lang="en-US">Accounting hedge (investment abroad)</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_NetMonetaryPosition" xlink:label="bap_NetMonetaryPosition" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_NetMonetaryPosition" xlink:to="bap_NetMonetaryPosition_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_NetMonetaryPosition_lbl" xml:lang="en-US">The amount of net monetary position.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_NetMonetaryPosition_lbl" xml:lang="en-US">Net Monetary Position</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_NetMonetaryPosition_lbl" xml:lang="en-US">Net monetary position</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchnageRatesTable" xlink:label="bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchnageRatesTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchnageRatesTable" xlink:to="bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchnageRatesTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchnageRatesTable_lbl" xml:lang="en-US">disclosure of detailed information about assets and liabilities by currencies at the free market exchnage rates [Table]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrencyRiskMember" xlink:label="ifrs-full_CurrencyRiskMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrencyRiskMember" xlink:to="ifrs-full_CurrencyRiskMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrencyRiskMember_lbl" xml:lang="en-US">Currency Risk [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrencyRiskMember_lbl" xml:lang="en-US">Consolidated VaR by type of risk</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DevalualtionAt5InUsDollarMember" xlink:label="bap_DevalualtionAt5InUsDollarMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DevalualtionAt5InUsDollarMember" xlink:to="bap_DevalualtionAt5InUsDollarMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DevalualtionAt5InUsDollarMember_lbl" xml:lang="en-US">Devalualtion At5 In Us Dollar [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DevalualtionAt5InUsDollarMember_lbl" xml:lang="en-US">Devalualtion at 5 in US Dollar [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DevalualtionAt10InUsDollarMember" xlink:label="bap_DevalualtionAt10InUsDollarMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DevalualtionAt10InUsDollarMember" xlink:to="bap_DevalualtionAt10InUsDollarMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DevalualtionAt10InUsDollarMember_lbl" xml:lang="en-US">Devalualtion At10 In Us Dollar [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DevalualtionAt10InUsDollarMember_lbl" xml:lang="en-US">Devalualtion at 10 in US Dollar [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_RevaluationIn5InUsDollarMember" xlink:label="bap_RevaluationIn5InUsDollarMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_RevaluationIn5InUsDollarMember" xlink:to="bap_RevaluationIn5InUsDollarMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_RevaluationIn5InUsDollarMember_lbl" xml:lang="en-US">Revaluation In5 In Us Dollar [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_RevaluationIn5InUsDollarMember_lbl" xml:lang="en-US">Revaluation In 5 In US Dollar [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_RevaluationIn10InUsDollarMember" xlink:label="bap_RevaluationIn10InUsDollarMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_RevaluationIn10InUsDollarMember" xlink:to="bap_RevaluationIn10InUsDollarMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_RevaluationIn10InUsDollarMember_lbl" xml:lang="en-US">Revaluation In10 In Us Dollar [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_RevaluationIn10InUsDollarMember_lbl" xml:lang="en-US">Revaluation In 10 In US Dollar [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchnageRatesLineItems" xlink:label="bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchnageRatesLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchnageRatesLineItems" xlink:to="bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchnageRatesLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchnageRatesLineItems_lbl" xml:lang="en-US">disclosure of detailed information about assets and liabilities by currencies at the free market exchnage rates [Line Items]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SensitivityAnalysisPercentChangeInCurrency" xlink:label="bap_SensitivityAnalysisPercentChangeInCurrency" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SensitivityAnalysisPercentChangeInCurrency" xlink:to="bap_SensitivityAnalysisPercentChangeInCurrency_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SensitivityAnalysisPercentChangeInCurrency_lbl" xml:lang="en-US">The reasonably possible percentage change in currency used to calculate the movement in non-trading monetary assets and liabilities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SensitivityAnalysisPercentChangeInCurrency_lbl" xml:lang="en-US">Sensitivity Analysis, Percent Change In Currency</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SensitivityAnalysisChangeInNontradingMonetaryAssetsAndLiabilities" xlink:label="bap_SensitivityAnalysisChangeInNontradingMonetaryAssetsAndLiabilities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SensitivityAnalysisChangeInNontradingMonetaryAssetsAndLiabilities" xlink:to="bap_SensitivityAnalysisChangeInNontradingMonetaryAssetsAndLiabilities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SensitivityAnalysisChangeInNontradingMonetaryAssetsAndLiabilities_lbl" xml:lang="en-US">The amount of change in non-trading monetary assets and liabilities due to percent change in currency.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SensitivityAnalysisChangeInNontradingMonetaryAssetsAndLiabilities_lbl" xml:lang="en-US">Sensitivity Analysis, change in non-trading monetary assets and liabilities</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesTable" xlink:label="bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesTable" xlink:to="bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesTable_lbl" xml:lang="en-US">Disclosure of detailed information about cash flows associated with the remaining contractual maturities [Table]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_UptoOneMonthMember" xlink:label="bap_UptoOneMonthMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_UptoOneMonthMember" xlink:to="bap_UptoOneMonthMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_UptoOneMonthMember_lbl" xml:lang="en-US">Upto One Month [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_UptoOneMonthMember_lbl" xml:lang="en-US">Up to one month [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OneToThreeMonthsMember" xlink:label="bap_OneToThreeMonthsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OneToThreeMonthsMember" xlink:to="bap_OneToThreeMonthsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OneToThreeMonthsMember_lbl" xml:lang="en-US">One To Three Months [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_OneToThreeMonthsMember_lbl" xml:lang="en-US">One to three months [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ThreeToTwelveMonthsMember" xlink:label="bap_ThreeToTwelveMonthsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ThreeToTwelveMonthsMember" xlink:to="bap_ThreeToTwelveMonthsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ThreeToTwelveMonthsMember_lbl" xml:lang="en-US">Three To Twelve Months [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ThreeToTwelveMonthsMember_lbl" xml:lang="en-US">Three to twelve months [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OneToFiveYearsMember" xlink:label="bap_OneToFiveYearsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OneToFiveYearsMember" xlink:to="bap_OneToFiveYearsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OneToFiveYearsMember_lbl" xml:lang="en-US">One To Five Years [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_OneToFiveYearsMember_lbl" xml:lang="en-US">One to five years [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_LaterThan5YearsMember" xlink:label="bap_LaterThan5YearsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_LaterThan5YearsMember" xlink:to="bap_LaterThan5YearsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_LaterThan5YearsMember_lbl" xml:lang="en-US">Later Than5 Years [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_LaterThan5YearsMember_lbl" xml:lang="en-US">Later than 5 years [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ReversePurchaseAgreementsAndSecurityLendingsMember" xlink:label="bap_ReversePurchaseAgreementsAndSecurityLendingsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ReversePurchaseAgreementsAndSecurityLendingsMember" xlink:to="bap_ReversePurchaseAgreementsAndSecurityLendingsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ReversePurchaseAgreementsAndSecurityLendingsMember_lbl" xml:lang="en-US">Reverse Purchase Agreements And Security Lendings [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ReversePurchaseAgreementsAndSecurityLendingsMember_lbl" xml:lang="en-US">Payables from reverse purchase agreements and security lendings and due to banks and correspondents [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PayablesToReinsurersAndCoinsurersMember" xlink:label="bap_PayablesToReinsurersAndCoinsurersMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PayablesToReinsurersAndCoinsurersMember" xlink:to="bap_PayablesToReinsurersAndCoinsurersMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PayablesToReinsurersAndCoinsurersMember_lbl" xml:lang="en-US">Payables To Reinsurers And Coinsurers [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PayablesToReinsurersAndCoinsurersMember_lbl" xml:lang="en-US">Accounts payable to reinsurers and and coinsurers [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember" xlink:label="ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember" xlink:to="ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember_lbl" xml:lang="en-US">Financial Liabilities At Fair Value Through Profit Or Loss Category [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember_lbl" xml:lang="en-US">Financial liabilities at fair value through profit or loss, category [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BondsAndNotesMember" xlink:label="bap_BondsAndNotesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BondsAndNotesMember" xlink:to="bap_BondsAndNotesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BondsAndNotesMember_lbl" xml:lang="en-US">Bonds And Notes [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BondsAndNotesMember_lbl" xml:lang="en-US">Bonds and notes [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherFinancialLiabilitiesMember" xlink:label="bap_OtherFinancialLiabilitiesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherFinancialLiabilitiesMember" xlink:to="bap_OtherFinancialLiabilitiesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherFinancialLiabilitiesMember_lbl" xml:lang="en-US">Other Financial Liabilities [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_OtherFinancialLiabilitiesMember_lbl" xml:lang="en-US">Other financial liabilities [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesLineItems" xlink:label="bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesLineItems" xlink:to="bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesLineItems_lbl" xml:lang="en-US">Disclosure of detailed information about cash flows associated with the remaining contractual maturities [Line Items]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_UndiscountedCashOutflowRequiredToRepurchaseDerecognisedFinancialAssets" xlink:label="ifrs-full_UndiscountedCashOutflowRequiredToRepurchaseDerecognisedFinancialAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UndiscountedCashOutflowRequiredToRepurchaseDerecognisedFinancialAssets" xlink:to="ifrs-full_UndiscountedCashOutflowRequiredToRepurchaseDerecognisedFinancialAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_UndiscountedCashOutflowRequiredToRepurchaseDerecognisedFinancialAssets_lbl" xml:lang="en-US">Undiscounted cash outflow required to repurchase derecognised financial assets</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NonderivativeFinancialLiabilitiesUndiscountedCashFlows" xlink:label="ifrs-full_NonderivativeFinancialLiabilitiesUndiscountedCashFlows" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NonderivativeFinancialLiabilitiesUndiscountedCashFlows" xlink:to="ifrs-full_NonderivativeFinancialLiabilitiesUndiscountedCashFlows_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NonderivativeFinancialLiabilitiesUndiscountedCashFlows_lbl" xml:lang="en-US">Non-derivative financial liabilities, undiscounted cash flows</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CategoriesOfDerivativeFinancialLiabilitiesAbstract" xlink:label="bap_CategoriesOfDerivativeFinancialLiabilitiesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CategoriesOfDerivativeFinancialLiabilitiesAbstract" xlink:to="bap_CategoriesOfDerivativeFinancialLiabilitiesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CategoriesOfDerivativeFinancialLiabilitiesAbstract_lbl" xml:lang="en-US">Categories of derivative financial liabilities [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_CategoriesOfDerivativeFinancialLiabilitiesAbstract_lbl" xml:lang="en-US">Derivative financial liabilities</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DerivativeFinancialLiabilitiesUndiscountedCashInflows" xlink:label="bap_DerivativeFinancialLiabilitiesUndiscountedCashInflows" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DerivativeFinancialLiabilitiesUndiscountedCashInflows" xlink:to="bap_DerivativeFinancialLiabilitiesUndiscountedCashInflows_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DerivativeFinancialLiabilitiesUndiscountedCashInflows_lbl" xml:lang="en-US">The amount of contractual undiscounted cash inflows in relation to derivative financial liabilities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DerivativeFinancialLiabilitiesUndiscountedCashInflows_lbl" xml:lang="en-US">Derivative financial liabilities undiscounted cash inflows</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="bap_DerivativeFinancialLiabilitiesUndiscountedCashInflows_lbl" xml:lang="en-US">Contractual amounts receivable (Inflows)</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DerivativeFinancialLiabilitiesUndiscountedCashFlows" xlink:label="ifrs-full_DerivativeFinancialLiabilitiesUndiscountedCashFlows" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DerivativeFinancialLiabilitiesUndiscountedCashFlows" xlink:to="ifrs-full_DerivativeFinancialLiabilitiesUndiscountedCashFlows_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DerivativeFinancialLiabilitiesUndiscountedCashFlows_lbl" xml:lang="en-US">Derivative financial liabilities, undiscounted cash flows</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DerivativeFinancialLiabilitiesUndiscountedCashFlows_lbl" xml:lang="en-US">Contractual amounts payable (outflows)</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DerivativeFinancialLiabilitiesUndiscountedCashInflowsOutflows" xlink:label="bap_DerivativeFinancialLiabilitiesUndiscountedCashInflowsOutflows" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DerivativeFinancialLiabilitiesUndiscountedCashInflowsOutflows" xlink:to="bap_DerivativeFinancialLiabilitiesUndiscountedCashInflowsOutflows_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DerivativeFinancialLiabilitiesUndiscountedCashInflowsOutflows_lbl" xml:lang="en-US">The amount of contractual undiscounted cash inflows (outflows) in relation to derivative financial liabilities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DerivativeFinancialLiabilitiesUndiscountedCashInflowsOutflows_lbl" xml:lang="en-US">Derivative financial liabilities undiscounted cash inflows outflows</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="bap_DerivativeFinancialLiabilitiesUndiscountedCashInflowsOutflows_lbl" xml:lang="en-US">Total liabilities</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfFinancialRiskManagementsTable" xlink:label="bap_DisclosureOfFinancialRiskManagementsTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfFinancialRiskManagementsTable" xlink:to="bap_DisclosureOfFinancialRiskManagementsTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfFinancialRiskManagementsTable_lbl" xml:lang="en-US">Disclosure Of financial Risk Managements [Table]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutComparisonBetweenCarryingAmountsAndFairValueOfFinancialInstrumentsWhichAreNotMeasuredAtFairValueAbstract" xlink:label="bap_DisclosureOfDetailedInformationAboutComparisonBetweenCarryingAmountsAndFairValueOfFinancialInstrumentsWhichAreNotMeasuredAtFairValueAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutComparisonBetweenCarryingAmountsAndFairValueOfFinancialInstrumentsWhichAreNotMeasuredAtFairValueAbstract" xlink:to="bap_DisclosureOfDetailedInformationAboutComparisonBetweenCarryingAmountsAndFairValueOfFinancialInstrumentsWhichAreNotMeasuredAtFairValueAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutComparisonBetweenCarryingAmountsAndFairValueOfFinancialInstrumentsWhichAreNotMeasuredAtFairValueAbstract_lbl" xml:lang="en-US">Disclosure of detailed information about comparison between carrying amounts and fair value of financial instruments which are not measured at fair value [Abstract]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutComparisonBetweenCarryingAmountsAndFairValueOfFinancialInstrumentsWhichAreNotMeasuredAtFairValueTable" xlink:label="bap_DisclosureOfDetailedInformationAboutComparisonBetweenCarryingAmountsAndFairValueOfFinancialInstrumentsWhichAreNotMeasuredAtFairValueTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutComparisonBetweenCarryingAmountsAndFairValueOfFinancialInstrumentsWhichAreNotMeasuredAtFairValueTable" xlink:to="bap_DisclosureOfDetailedInformationAboutComparisonBetweenCarryingAmountsAndFairValueOfFinancialInstrumentsWhichAreNotMeasuredAtFairValueTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutComparisonBetweenCarryingAmountsAndFairValueOfFinancialInstrumentsWhichAreNotMeasuredAtFairValueTable_lbl" xml:lang="en-US">Disclosure of detailed information about comparison between carrying amounts and fair value of financial instruments which are not measured at fair value [Table]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:label="ifrs-full_LevelsOfFairValueHierarchyAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:to="ifrs-full_LevelsOfFairValueHierarchyAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LevelsOfFairValueHierarchyAxis_lbl" xml:lang="en-US">Levels of fair value hierarchy [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AllLevelsOfFairValueHierarchyMember" xlink:label="ifrs-full_AllLevelsOfFairValueHierarchyMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AllLevelsOfFairValueHierarchyMember" xlink:to="ifrs-full_AllLevelsOfFairValueHierarchyMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AllLevelsOfFairValueHierarchyMember_lbl" xml:lang="en-US">All Levels Of Fair Value Hierarchy [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AllLevelsOfFairValueHierarchyMember_lbl" xml:lang="en-US">All levels of fair value hierarchy [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Level1OfFairValueHierarchyMember" xlink:label="ifrs-full_Level1OfFairValueHierarchyMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Level1OfFairValueHierarchyMember" xlink:to="ifrs-full_Level1OfFairValueHierarchyMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Level1OfFairValueHierarchyMember_lbl" xml:lang="en-US">Level1 Of Fair Value Hierarchy [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Level1OfFairValueHierarchyMember_lbl" xml:lang="en-US">Level 1 of fair value hierarchy [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Level2OfFairValueHierarchyMember" xlink:label="ifrs-full_Level2OfFairValueHierarchyMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Level2OfFairValueHierarchyMember" xlink:to="ifrs-full_Level2OfFairValueHierarchyMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Level2OfFairValueHierarchyMember_lbl" xml:lang="en-US">Level2 Of Fair Value Hierarchy [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Level2OfFairValueHierarchyMember_lbl" xml:lang="en-US">Level 2 of fair value hierarchy [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Level3OfFairValueHierarchyMember" xlink:label="ifrs-full_Level3OfFairValueHierarchyMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Level3OfFairValueHierarchyMember" xlink:to="ifrs-full_Level3OfFairValueHierarchyMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Level3OfFairValueHierarchyMember_lbl" xml:lang="en-US">Level3 Of Fair Value Hierarchy [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Level3OfFairValueHierarchyMember_lbl" xml:lang="en-US">Level 3 of fair value hierarchy [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CashAndDueFromBanksMember" xlink:label="bap_CashAndDueFromBanksMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CashAndDueFromBanksMember" xlink:to="bap_CashAndDueFromBanksMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CashAndDueFromBanksMember_lbl" xml:lang="en-US">Cash And Due From Banks [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CashAndDueFromBanksMember_lbl" xml:lang="en-US">Cash and due from banks [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CashCollateralReverseRepurchaseMember" xlink:label="bap_CashCollateralReverseRepurchaseMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CashCollateralReverseRepurchaseMember" xlink:to="bap_CashCollateralReverseRepurchaseMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CashCollateralReverseRepurchaseMember_lbl" xml:lang="en-US">Cash Collateral Reverse Repurchase [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CashCollateralReverseRepurchaseMember_lbl" xml:lang="en-US">Cash collateral reverse repurchase [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PremiumsAndOtherPoliciesReceivableMember" xlink:label="bap_PremiumsAndOtherPoliciesReceivableMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PremiumsAndOtherPoliciesReceivableMember" xlink:to="bap_PremiumsAndOtherPoliciesReceivableMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PremiumsAndOtherPoliciesReceivableMember_lbl" xml:lang="en-US">Premiums And Other Policies Receivable [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PremiumsAndOtherPoliciesReceivableMember_lbl" xml:lang="en-US">Premiums and other policies receivable [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InvestmentsAtAmortizedCostMember" xlink:label="bap_InvestmentsAtAmortizedCostMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InvestmentsAtAmortizedCostMember" xlink:to="bap_InvestmentsAtAmortizedCostMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InvestmentsAtAmortizedCostMember_lbl" xml:lang="en-US">Investments At Amortized Cost [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InvestmentsAtAmortizedCostMember_lbl" xml:lang="en-US">Investments at Amortized Cost [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DueFromCustomersOnAcceptancesMember" xlink:label="bap_DueFromCustomersOnAcceptancesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DueFromCustomersOnAcceptancesMember" xlink:to="bap_DueFromCustomersOnAcceptancesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DueFromCustomersOnAcceptancesMember_lbl" xml:lang="en-US">Due From Customers On Acceptances [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DueFromCustomersOnAcceptancesMember_lbl" xml:lang="en-US">Due from Customers on Acceptances [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PayablesFromRepurchaseAgreementsMember" xlink:label="bap_PayablesFromRepurchaseAgreementsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PayablesFromRepurchaseAgreementsMember" xlink:to="bap_PayablesFromRepurchaseAgreementsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PayablesFromRepurchaseAgreementsMember_lbl" xml:lang="en-US">Payables From Repurchase Agreements [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PayablesFromRepurchaseAgreementsMember_lbl" xml:lang="en-US">Payables from repurchase agreements [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DueToBanksAndCorrespondentsAndOtherEntitiesMember" xlink:label="bap_DueToBanksAndCorrespondentsAndOtherEntitiesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DueToBanksAndCorrespondentsAndOtherEntitiesMember" xlink:to="bap_DueToBanksAndCorrespondentsAndOtherEntitiesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DueToBanksAndCorrespondentsAndOtherEntitiesMember_lbl" xml:lang="en-US">Due To Banks And Correspondents And Other Entities [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DueToBanksAndCorrespondentsAndOtherEntitiesMember_lbl" xml:lang="en-US">Due to Banks and correspondents and other entities [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BankAcceptancesLiabilitiesMember" xlink:label="bap_BankAcceptancesLiabilitiesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BankAcceptancesLiabilitiesMember" xlink:to="bap_BankAcceptancesLiabilitiesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BankAcceptancesLiabilitiesMember_lbl" xml:lang="en-US">Bank Acceptances Liabilities [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BankAcceptancesLiabilitiesMember_lbl" xml:lang="en-US">Bank acceptances liabilities [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PayableToReinsurersAndCoinsurersMember" xlink:label="bap_PayableToReinsurersAndCoinsurersMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PayableToReinsurersAndCoinsurersMember" xlink:to="bap_PayableToReinsurersAndCoinsurersMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PayableToReinsurersAndCoinsurersMember_lbl" xml:lang="en-US">Payable To Reinsurers And Coinsurers [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PayableToReinsurersAndCoinsurersMember_lbl" xml:lang="en-US">Payable to reinsurers and coinsurers [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BondAndNotesIssuedMember" xlink:label="bap_BondAndNotesIssuedMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BondAndNotesIssuedMember" xlink:to="bap_BondAndNotesIssuedMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BondAndNotesIssuedMember_lbl" xml:lang="en-US">Bond And Notes Issued [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BondAndNotesIssuedMember_lbl" xml:lang="en-US">Bond and notes issued [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_MeasurementAxis" xlink:label="ifrs-full_MeasurementAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MeasurementAxis" xlink:to="ifrs-full_MeasurementAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MeasurementAxis_lbl" xml:lang="en-US">Measurement [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AggregatedMeasurementMember" xlink:label="ifrs-full_AggregatedMeasurementMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AggregatedMeasurementMember" xlink:to="ifrs-full_AggregatedMeasurementMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AggregatedMeasurementMember_lbl" xml:lang="en-US">Aggregated Measurement [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AggregatedMeasurementMember_lbl" xml:lang="en-US">Aggregated measurement [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_NotMeasuredAtFairValueMember" xlink:label="bap_NotMeasuredAtFairValueMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_NotMeasuredAtFairValueMember" xlink:to="bap_NotMeasuredAtFairValueMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_NotMeasuredAtFairValueMember_lbl" xml:lang="en-US">Not Measured At Fair Value [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_NotMeasuredAtFairValueMember_lbl" xml:lang="en-US">Not measured at fair value [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutComparisonBetweenCarryingAmountsAndFairValueOfFinancialInstrumentsWhichAreNotMeasuredAtFairValueLineItems" xlink:label="bap_DisclosureOfDetailedInformationAboutComparisonBetweenCarryingAmountsAndFairValueOfFinancialInstrumentsWhichAreNotMeasuredAtFairValueLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutComparisonBetweenCarryingAmountsAndFairValueOfFinancialInstrumentsWhichAreNotMeasuredAtFairValueLineItems" xlink:to="bap_DisclosureOfDetailedInformationAboutComparisonBetweenCarryingAmountsAndFairValueOfFinancialInstrumentsWhichAreNotMeasuredAtFairValueLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutComparisonBetweenCarryingAmountsAndFairValueOfFinancialInstrumentsWhichAreNotMeasuredAtFairValueLineItems_lbl" xml:lang="en-US">Disclosure of detailed information about comparison between carrying amounts and fair value of financial instruments which are not measured at fair value [Line Items]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutAssignedValueOfFinancialAssetsAbstract" xlink:label="bap_DisclosureOfDetailedInformationAboutAssignedValueOfFinancialAssetsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutAssignedValueOfFinancialAssetsAbstract" xlink:to="bap_DisclosureOfDetailedInformationAboutAssignedValueOfFinancialAssetsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutAssignedValueOfFinancialAssetsAbstract_lbl" xml:lang="en-US">Disclosure of detailed information about assigned value of financial assets [Abstract]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutAssignedValueOfFinancialAssetsTable" xlink:label="bap_DisclosureOfDetailedInformationAboutAssignedValueOfFinancialAssetsTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutAssignedValueOfFinancialAssetsTable" xlink:to="bap_DisclosureOfDetailedInformationAboutAssignedValueOfFinancialAssetsTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutAssignedValueOfFinancialAssetsTable_lbl" xml:lang="en-US">Disclosure of detailed information about assigned value of financial assets [Table]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_UnconsolidatedStructuredEntitiesAxis" xlink:label="ifrs-full_UnconsolidatedStructuredEntitiesAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UnconsolidatedStructuredEntitiesAxis" xlink:to="ifrs-full_UnconsolidatedStructuredEntitiesAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_UnconsolidatedStructuredEntitiesAxis_lbl" xml:lang="en-US">Unconsolidated structured entities [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EntitysTotalForUnconsolidatedStructuredEntitiesMember" xlink:label="ifrs-full_EntitysTotalForUnconsolidatedStructuredEntitiesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForUnconsolidatedStructuredEntitiesMember" xlink:to="ifrs-full_EntitysTotalForUnconsolidatedStructuredEntitiesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EntitysTotalForUnconsolidatedStructuredEntitiesMember_lbl" xml:lang="en-US">Entitys Total For Unconsolidated Structured Entities [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EntitysTotalForUnconsolidatedStructuredEntitiesMember_lbl" xml:lang="en-US">Entity's total for unconsolidated structured entities [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PensionFundsMember" xlink:label="bap_PensionFundsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PensionFundsMember" xlink:to="bap_PensionFundsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PensionFundsMember_lbl" xml:lang="en-US">Pension Funds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PensionFundsMember_lbl" xml:lang="en-US">Pension funds [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_EquityManagedMember" xlink:label="bap_EquityManagedMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_EquityManagedMember" xlink:to="bap_EquityManagedMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_EquityManagedMember_lbl" xml:lang="en-US">Equity Managed [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_EquityManagedMember_lbl" xml:lang="en-US">Equity managed [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BankTrustsMember" xlink:label="bap_BankTrustsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BankTrustsMember" xlink:to="bap_BankTrustsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BankTrustsMember_lbl" xml:lang="en-US">Bank Trusts [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BankTrustsMember_lbl" xml:lang="en-US">Bank trusts [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DisclosureOfDetailedInformationAboutAssignedValueOfFinancialAssetsLineItems" xlink:label="bap_DisclosureOfDetailedInformationAboutAssignedValueOfFinancialAssetsLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DisclosureOfDetailedInformationAboutAssignedValueOfFinancialAssetsLineItems" xlink:to="bap_DisclosureOfDetailedInformationAboutAssignedValueOfFinancialAssetsLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DisclosureOfDetailedInformationAboutAssignedValueOfFinancialAssetsLineItems_lbl" xml:lang="en-US">Disclosure of detailed information about assigned value of financial assets [Line Items]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AssignedValueOfFinancialAssets" xlink:label="bap_AssignedValueOfFinancialAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AssignedValueOfFinancialAssets" xlink:to="bap_AssignedValueOfFinancialAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AssignedValueOfFinancialAssets_lbl" xml:lang="en-US">The assigned value of financial assets under administration off the balance sheet.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AssignedValueOfFinancialAssets_lbl" xml:lang="en-US">Assigned value of the financial assets</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_RegulatoryCapitalRequirement" xlink:label="bap_RegulatoryCapitalRequirement" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_RegulatoryCapitalRequirement" xlink:to="bap_RegulatoryCapitalRequirement_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_RegulatoryCapitalRequirement_lbl" xml:lang="en-US">The amount of capital requirement necessiated to be maintained as per regulatory authority.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_RegulatoryCapitalRequirement_lbl" xml:lang="en-US">Regulatory capital requirement</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_RegulatoryCapitalExceedsMinimumRegulatoryCapitalRequired" xlink:label="bap_RegulatoryCapitalExceedsMinimumRegulatoryCapitalRequired" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_RegulatoryCapitalExceedsMinimumRegulatoryCapitalRequired" xlink:to="bap_RegulatoryCapitalExceedsMinimumRegulatoryCapitalRequired_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_RegulatoryCapitalExceedsMinimumRegulatoryCapitalRequired_lbl" xml:lang="en-US">The amount of regulatory capital exceeds the minimum regulatory capital required.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_RegulatoryCapitalExceedsMinimumRegulatoryCapitalRequired_lbl" xml:lang="en-US">Regulatory Capital Exceeds Minimum Regulatory Capital Required</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ChangesInFairValueOfFinancialAssetsAttributableToChangesInCreditRiskOfFinancialAssets" xlink:label="ifrs-full_ChangesInFairValueOfFinancialAssetsAttributableToChangesInCreditRiskOfFinancialAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ChangesInFairValueOfFinancialAssetsAttributableToChangesInCreditRiskOfFinancialAssets" xlink:to="ifrs-full_ChangesInFairValueOfFinancialAssetsAttributableToChangesInCreditRiskOfFinancialAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ChangesInFairValueOfFinancialAssetsAttributableToChangesInCreditRiskOfFinancialAssets_lbl" xml:lang="en-US">Increase (decrease) in fair value of financial assets designated as measured at fair value through profit or loss, attributable to changes in credit risk of financial assets</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ChangesInFairValueOfFinancialLiabilityAttributableToChangesInCreditRiskOfLiability" xlink:label="ifrs-full_ChangesInFairValueOfFinancialLiabilityAttributableToChangesInCreditRiskOfLiability" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ChangesInFairValueOfFinancialLiabilityAttributableToChangesInCreditRiskOfLiability" xlink:to="ifrs-full_ChangesInFairValueOfFinancialLiabilityAttributableToChangesInCreditRiskOfLiability_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ChangesInFairValueOfFinancialLiabilityAttributableToChangesInCreditRiskOfLiability_lbl" xml:lang="en-US">Increase (decrease) in fair value of financial liability, attributable to changes in credit risk of liability</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_NetImpactOfDebitValuationAndCreditValuationAdjustments" xlink:label="bap_NetImpactOfDebitValuationAndCreditValuationAdjustments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_NetImpactOfDebitValuationAndCreditValuationAdjustments" xlink:to="bap_NetImpactOfDebitValuationAndCreditValuationAdjustments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_NetImpactOfDebitValuationAndCreditValuationAdjustments_lbl" xml:lang="en-US">The amount of net impact of debit valuation and credit valuation adjustments during the period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_NetImpactOfDebitValuationAndCreditValuationAdjustments_lbl" xml:lang="en-US">Net impact of debit valuation and credit valuation adjustments</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_NetUnrealizedGainOfLevel3FinancialInstruments" xlink:label="bap_NetUnrealizedGainOfLevel3FinancialInstruments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_NetUnrealizedGainOfLevel3FinancialInstruments" xlink:to="bap_NetUnrealizedGainOfLevel3FinancialInstruments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_NetUnrealizedGainOfLevel3FinancialInstruments_lbl" xml:lang="en-US">The amount net unrealized gain lo Level 3 financial instruments during the year.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_NetUnrealizedGainOfLevel3FinancialInstruments_lbl" xml:lang="en-US">Net unrealized gain of Level 3 financial instruments</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ForeignExchangeRateForBuyingAndSelling" xlink:label="bap_ForeignExchangeRateForBuyingAndSelling" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ForeignExchangeRateForBuyingAndSelling" xlink:to="bap_ForeignExchangeRateForBuyingAndSelling_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ForeignExchangeRateForBuyingAndSelling_lbl" xml:lang="en-US">The spot exchange rate at the end of the reporting period. Exchange rate is the ratio of exchange for two currencies. Spot exchange rate is the exchange rate for immediate delivery.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ForeignExchangeRateForBuyingAndSelling_lbl" xml:lang="en-US">Foreign Exchange Rate For Buying and Selling</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ForeignExchangeRateForBuyingAndSelling_lbl" xml:lang="en-US">Foreign exchange rate for buying and selling</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ExpectedContractionInGrossDomesticProduct" xlink:label="bap_ExpectedContractionInGrossDomesticProduct" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ExpectedContractionInGrossDomesticProduct" xlink:to="bap_ExpectedContractionInGrossDomesticProduct_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ExpectedContractionInGrossDomesticProduct_lbl" xml:lang="en-US">Represents the expected contraction in GDP.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ExpectedContractionInGrossDomesticProduct_lbl" xml:lang="en-US">Expected Contraction in Gross Domestic Product</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ExpectedContractionInGrossDomesticProduct_lbl" xml:lang="en-US">Expected contraction in GDP</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_GrossDomesticProductProjected" xlink:label="bap_GrossDomesticProductProjected" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_GrossDomesticProductProjected" xlink:to="bap_GrossDomesticProductProjected_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_GrossDomesticProductProjected_lbl" xml:lang="en-US">Represents the GDP projected.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_GrossDomesticProductProjected_lbl" xml:lang="en-US">Gross Domestic Product Projected</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_GrossDomesticProductProjected_lbl" xml:lang="en-US">GDP projected</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_GrowthInWorldEconomicActivity" xlink:label="bap_GrowthInWorldEconomicActivity" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_GrowthInWorldEconomicActivity" xlink:to="bap_GrowthInWorldEconomicActivity_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_GrowthInWorldEconomicActivity_lbl" xml:lang="en-US">Represents the growth in world economic activity.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_GrowthInWorldEconomicActivity_lbl" xml:lang="en-US">Growth In World Economic Activity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_GrowthInWorldEconomicActivity_lbl" xml:lang="en-US">Growth in world economic activity</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ImprovementInPrivateSpending" xlink:label="bap_ImprovementInPrivateSpending" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ImprovementInPrivateSpending" xlink:to="bap_ImprovementInPrivateSpending_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ImprovementInPrivateSpending_lbl" xml:lang="en-US">Represents the improvement in private spending.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ImprovementInPrivateSpending_lbl" xml:lang="en-US">Improvement In Private Spending</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ImprovementInPrivateSpending_lbl" xml:lang="en-US">Improvement in private spending</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ImprovementInPrivateConsumption" xlink:label="bap_ImprovementInPrivateConsumption" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ImprovementInPrivateConsumption" xlink:to="bap_ImprovementInPrivateConsumption_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ImprovementInPrivateConsumption_lbl" xml:lang="en-US">Improvement in private consumption.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ImprovementInPrivateConsumption_lbl" xml:lang="en-US">Improvement In Private Consumption</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ImprovementInPrivateConsumption_lbl" xml:lang="en-US">improvement in private consumption</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ReboundInMining" xlink:label="bap_ReboundInMining" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ReboundInMining" xlink:to="bap_ReboundInMining_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ReboundInMining_lbl" xml:lang="en-US">Represents the rebound in mining.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ReboundInMining_lbl" xml:lang="en-US">Rebound In Mining</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ReboundInMining_lbl" xml:lang="en-US">Rebound in mining</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ReboundInConstruction" xlink:label="bap_ReboundInConstruction" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ReboundInConstruction" xlink:to="bap_ReboundInConstruction_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ReboundInConstruction_lbl" xml:lang="en-US">Represents the rebound in construction.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ReboundInConstruction_lbl" xml:lang="en-US">Rebound In Construction</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ReboundInConstruction_lbl" xml:lang="en-US">Rebound in construction</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ProbabilitiesOfScenarios" xlink:label="bap_ProbabilitiesOfScenarios" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ProbabilitiesOfScenarios" xlink:to="bap_ProbabilitiesOfScenarios_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ProbabilitiesOfScenarios_lbl" xml:lang="en-US">Represents the probabilities of scenarios.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ProbabilitiesOfScenarios_lbl" xml:lang="en-US">Probabilities of Scenarios</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ProbabilitiesOfScenarios_lbl" xml:lang="en-US">Probabilities</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ExpectedValueOfGdpProjections" xlink:label="bap_ExpectedValueOfGdpProjections" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ExpectedValueOfGdpProjections" xlink:to="bap_ExpectedValueOfGdpProjections_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ExpectedValueOfGdpProjections_lbl" xml:lang="en-US">Represents the expected value of the three GDP projections.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ExpectedValueOfGdpProjections_lbl" xml:lang="en-US">Expected Value of the GDP Projections</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ExpectedValueOfGdpProjections_lbl" xml:lang="en-US">Expected value of the three GDP projections</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CommitmentsAndContingenciesTable" xlink:label="bap_CommitmentsAndContingenciesTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CommitmentsAndContingenciesTable" xlink:to="bap_CommitmentsAndContingenciesTable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CommitmentsAndContingenciesTable_lbl" xml:lang="en-US">Commitments and Contingencies [Table]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MadoffTrusteeLitigationsMember" xlink:label="bap_MadoffTrusteeLitigationsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MadoffTrusteeLitigationsMember" xlink:to="bap_MadoffTrusteeLitigationsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MadoffTrusteeLitigationsMember_lbl" xml:lang="en-US">Madoff Trustee Litigations [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MadoffTrusteeLitigationsMember_lbl" xml:lang="en-US">Madoff Trustee Litigations [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FairfieldLiquidatorLitigationMember" xlink:label="bap_FairfieldLiquidatorLitigationMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FairfieldLiquidatorLitigationMember" xlink:to="bap_FairfieldLiquidatorLitigationMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FairfieldLiquidatorLitigationMember_lbl" xml:lang="en-US">Fairfield Liquidator Litigation [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FairfieldLiquidatorLitigationMember_lbl" xml:lang="en-US">Fairfield Liquidator Litigation [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_Fujimori2011CampaignMember" xlink:label="bap_Fujimori2011CampaignMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_Fujimori2011CampaignMember" xlink:to="bap_Fujimori2011CampaignMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_Fujimori2011CampaignMember_lbl" xml:lang="en-US">N/A</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_Fujimori2011CampaignMember_lbl" xml:lang="en-US">Fujimori2011 Campaign [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_Fujimori2011CampaignMember_lbl" xml:lang="en-US">Fujimori 2011 Campaign [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PeruanosPorElKambioCampaignMember" xlink:label="bap_PeruanosPorElKambioCampaignMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PeruanosPorElKambioCampaignMember" xlink:to="bap_PeruanosPorElKambioCampaignMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PeruanosPorElKambioCampaignMember_lbl" xml:lang="en-US">This member stands for Peruanos Por el Kambio campaign.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PeruanosPorElKambioCampaignMember_lbl" xml:lang="en-US">Peruanos Por El Kambio Campaign [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PeruanosPorElKambioCampaignMember_lbl" xml:lang="en-US">Peruanos Por el Kambio Campaign [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CommitmentsAndContingenciesLineItems" xlink:label="bap_CommitmentsAndContingenciesLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CommitmentsAndContingenciesLineItems" xlink:to="bap_CommitmentsAndContingenciesLineItems_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CommitmentsAndContingenciesLineItems_lbl" xml:lang="en-US">Commitments and Contingencies [Line Items]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PrincipalAmountOnRedemptions" xlink:label="bap_PrincipalAmountOnRedemptions" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PrincipalAmountOnRedemptions" xlink:to="bap_PrincipalAmountOnRedemptions_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PrincipalAmountOnRedemptions_lbl" xml:lang="en-US">The amount represents on principal amount on redemptions.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PrincipalAmountOnRedemptions_lbl" xml:lang="en-US">Principal Amount on Redemptions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PrincipalAmountOnRedemptions_lbl" xml:lang="en-US">Principal amount on redemptions</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_IfrsLossContingencyDamagesPaidValue" xlink:label="bap_IfrsLossContingencyDamagesPaidValue" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_IfrsLossContingencyDamagesPaidValue" xlink:to="bap_IfrsLossContingencyDamagesPaidValue_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_IfrsLossContingencyDamagesPaidValue_lbl" xml:lang="en-US">Amount of damages paid to the plaintiff in the legal matter.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_IfrsLossContingencyDamagesPaidValue_lbl" xml:lang="en-US">IFRS Loss Contingency, Damages Paid, Value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_IfrsLossContingencyDamagesPaidValue_lbl" xml:lang="en-US">Amount of fine</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ExhangeOfDebt" xlink:label="bap_ExhangeOfDebt" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ExhangeOfDebt" xlink:to="bap_ExhangeOfDebt_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ExhangeOfDebt_lbl" xml:lang="en-US">The amount of debt exchanged.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ExhangeOfDebt_lbl" xml:lang="en-US">Exhange Of Debt</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_RepurchaseOfSubordinateDebt" xlink:label="bap_RepurchaseOfSubordinateDebt" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_RepurchaseOfSubordinateDebt" xlink:to="bap_RepurchaseOfSubordinateDebt_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_RepurchaseOfSubordinateDebt_lbl" xml:lang="en-US">Repurchase Of Subordinate Debt</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_RepurchaseOfSubordinateDebt_lbl" xml:lang="en-US">Repurchase Of Subordinate Debt</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_RedemptionPercentage" xlink:label="bap_RedemptionPercentage" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_RedemptionPercentage" xlink:to="bap_RedemptionPercentage_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_RedemptionPercentage_lbl" xml:lang="en-US">The rate of redemption price.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_RedemptionPercentage_lbl" xml:lang="en-US">Redemption Percentage</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IssuedCapitalMember" xlink:label="ifrs-full_IssuedCapitalMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IssuedCapitalMember" xlink:to="ifrs-full_IssuedCapitalMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IssuedCapitalMember_lbl" xml:lang="en-US">Issued Capital [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IssuedCapitalMember_lbl" xml:lang="en-US">Capital stock</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TreasuryStockSharesOfGroupMember" xlink:label="bap_TreasuryStockSharesOfGroupMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TreasuryStockSharesOfGroupMember" xlink:to="bap_TreasuryStockSharesOfGroupMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TreasuryStockSharesOfGroupMember_lbl" xml:lang="en-US">This member stands for the treasury stock, shares of group.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TreasuryStockSharesOfGroupMember_lbl" xml:lang="en-US">Treasury Stock Shares Of Group [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TreasuryStockSharesOfGroupMember_lbl" xml:lang="en-US">Shares of the Group</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TreasuryStockShareBasedPaymentMember" xlink:label="bap_TreasuryStockShareBasedPaymentMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TreasuryStockShareBasedPaymentMember" xlink:to="bap_TreasuryStockShareBasedPaymentMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TreasuryStockShareBasedPaymentMember_lbl" xml:lang="en-US">This member stands for the treasury stock, share based payment.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TreasuryStockShareBasedPaymentMember_lbl" xml:lang="en-US">Treasury Stock Share Based Payment [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TreasuryStockShareBasedPaymentMember_lbl" xml:lang="en-US">Share-based payment</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_SharePremiumMember" xlink:label="ifrs-full_SharePremiumMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SharePremiumMember" xlink:to="ifrs-full_SharePremiumMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SharePremiumMember_lbl" xml:lang="en-US">Share Premium [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_SharePremiumMember_lbl" xml:lang="en-US">Capital surplus</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_MiscellaneousOtherReservesMember" xlink:label="ifrs-full_MiscellaneousOtherReservesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MiscellaneousOtherReservesMember" xlink:to="ifrs-full_MiscellaneousOtherReservesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MiscellaneousOtherReservesMember_lbl" xml:lang="en-US">Miscellaneous Other Reserves [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_MiscellaneousOtherReservesMember_lbl" xml:lang="en-US">Reserves</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember" xlink:label="ifrs-full_ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember" xlink:to="ifrs-full_ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember_lbl" xml:lang="en-US">Reserve Of Gains And Losses From Investments In Equity Instruments [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember_lbl" xml:lang="en-US">Investments in equity instruments</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ReserveOfGainsAndLossesFromInvestmentsInDebtInstrumentsMember" xlink:label="bap_ReserveOfGainsAndLossesFromInvestmentsInDebtInstrumentsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ReserveOfGainsAndLossesFromInvestmentsInDebtInstrumentsMember" xlink:to="bap_ReserveOfGainsAndLossesFromInvestmentsInDebtInstrumentsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ReserveOfGainsAndLossesFromInvestmentsInDebtInstrumentsMember_lbl" xml:lang="en-US">Reserve Of Gains And Losses From Investments In Debt Instruments [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ReserveOfGainsAndLossesFromInvestmentsInDebtInstrumentsMember_lbl" xml:lang="en-US">Investments in debt instruments</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InsuranceReservesMember" xlink:label="bap_InsuranceReservesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InsuranceReservesMember" xlink:to="bap_InsuranceReservesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_InsuranceReservesMember_lbl" xml:lang="en-US">This member stands for the insurance reserves.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InsuranceReservesMember_lbl" xml:lang="en-US">Insurance Reserves [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InsuranceReservesMember_lbl" xml:lang="en-US">Insurance reserves</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RetainedEarningsMember" xlink:label="ifrs-full_RetainedEarningsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RetainedEarningsMember" xlink:to="ifrs-full_RetainedEarningsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RetainedEarningsMember_lbl" xml:lang="en-US">Retained Earnings [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RetainedEarningsMember_lbl" xml:lang="en-US">Retained earnings</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:label="ifrs-full_EquityAttributableToOwnersOfParentMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:to="ifrs-full_EquityAttributableToOwnersOfParentMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityAttributableToOwnersOfParentMember_lbl" xml:lang="en-US">Equity Attributable To Owners Of Parent [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EquityAttributableToOwnersOfParentMember_lbl" xml:lang="en-US">Equity attributable to owners of parent, Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncontrollingInterestsMember" xlink:label="ifrs-full_NoncontrollingInterestsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncontrollingInterestsMember" xlink:to="ifrs-full_NoncontrollingInterestsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncontrollingInterestsMember_lbl" xml:lang="en-US">Noncontrolling Interests [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncontrollingInterestsMember_lbl" xml:lang="en-US">Non-controlling interest</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis" xlink:label="ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis" xlink:to="ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis_lbl" xml:lang="en-US">Retrospective application and retrospective restatement [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RestatedMember" xlink:label="ifrs-full_RestatedMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RestatedMember" xlink:to="ifrs-full_RestatedMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RestatedMember_lbl" xml:lang="en-US">Restated [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RestatedMember_lbl" xml:lang="en-US">Currently stated [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PreviouslyStatedMember" xlink:label="ifrs-full_PreviouslyStatedMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PreviouslyStatedMember" xlink:to="ifrs-full_PreviouslyStatedMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PreviouslyStatedMember_lbl" xml:lang="en-US">Previously Stated [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PreviouslyStatedMember_lbl" xml:lang="en-US">Restated</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis" xlink:label="ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis" xlink:to="ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis_lbl" xml:lang="en-US">Liabilities arising from financing activities [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LiabilitiesArisingFromFinancingActivitiesMember" xlink:label="ifrs-full_LiabilitiesArisingFromFinancingActivitiesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LiabilitiesArisingFromFinancingActivitiesMember" xlink:to="ifrs-full_LiabilitiesArisingFromFinancingActivitiesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LiabilitiesArisingFromFinancingActivitiesMember_lbl" xml:lang="en-US">Liabilities Arising From Financing Activities [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LiabilitiesArisingFromFinancingActivitiesMember_lbl" xml:lang="en-US">Liabilities arising from financing activities [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SubordinatedBondsMember" xlink:label="bap_SubordinatedBondsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SubordinatedBondsMember" xlink:to="bap_SubordinatedBondsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SubordinatedBondsMember_lbl" xml:lang="en-US">Subordinated bonds [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SubordinatedBondsMember_lbl" xml:lang="en-US">Subordinated Bonds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SubordinatedBondsMember_lbl" xml:lang="en-US">Subordinated bonds</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FairValueHedgeMember" xlink:label="bap_FairValueHedgeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FairValueHedgeMember" xlink:to="bap_FairValueHedgeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FairValueHedgeMember_lbl" xml:lang="en-US">n/a</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FairValueHedgeMember_lbl" xml:lang="en-US">Fair Value Hedge [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FairValueHedgeMember_lbl" xml:lang="en-US">Fair value hedge</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AtCostMember" xlink:label="ifrs-full_AtCostMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AtCostMember" xlink:to="ifrs-full_AtCostMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AtCostMember_lbl" xml:lang="en-US">At Cost [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AtCostMember_lbl" xml:lang="en-US">Amortized Cost</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AtFairValueMember" xlink:label="ifrs-full_AtFairValueMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AtFairValueMember" xlink:to="ifrs-full_AtFairValueMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AtFairValueMember_lbl" xml:lang="en-US">At Fair Value [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AtFairValueMember_lbl" xml:lang="en-US">Fair value</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CredicorpHoldingColombiaS.a.sMember" xlink:label="bap_CredicorpHoldingColombiaS.a.sMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CredicorpHoldingColombiaS.a.sMember" xlink:to="bap_CredicorpHoldingColombiaS.a.sMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CredicorpHoldingColombiaS.a.sMember_lbl" xml:lang="en-US">This member stands for Credicorp Holding Colombia S.A.S.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CredicorpHoldingColombiaS.a.sMember_lbl" xml:lang="en-US">Credicorp Holding Colombia S.a.s [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CredicorpHoldingColombiaS.a.sMember_lbl" xml:lang="en-US">Credicorp Holding Colombia S.A.S</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CredicorpCapitalFiduciariaS.aMember" xlink:label="bap_CredicorpCapitalFiduciariaS.aMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CredicorpCapitalFiduciariaS.aMember" xlink:to="bap_CredicorpCapitalFiduciariaS.aMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CredicorpCapitalFiduciariaS.aMember_lbl" xml:lang="en-US">This member stands for Credicorp Capital Fiduciaria S.A.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CredicorpCapitalFiduciariaS.aMember_lbl" xml:lang="en-US">Credicorp Capital Fiduciaria S.a [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CredicorpCapitalFiduciariaS.aMember_lbl" xml:lang="en-US">Credicorp Capital Fiduciaria S.A</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_KrealoSpaMember" xlink:label="bap_KrealoSpaMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_KrealoSpaMember" xlink:to="bap_KrealoSpaMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_KrealoSpaMember_lbl" xml:lang="en-US">This member stands for Krealo SpA.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_KrealoSpaMember_lbl" xml:lang="en-US">Krealo Spa [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_KrealoSpaMember_lbl" xml:lang="en-US">Krealo SpA</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_GrupoCreditoS.aMember" xlink:label="bap_GrupoCreditoS.aMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_GrupoCreditoS.aMember" xlink:to="bap_GrupoCreditoS.aMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_GrupoCreditoS.aMember_lbl" xml:lang="en-US">This member stands for Grupo Crdito S.A.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_GrupoCreditoS.aMember_lbl" xml:lang="en-US">Grupo Credito S.a [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_GrupoCreditoS.aMember_lbl" xml:lang="en-US">Grupo Crdito S.A</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BusinessCombinationsAxis" xlink:label="ifrs-full_BusinessCombinationsAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BusinessCombinationsAxis" xlink:to="ifrs-full_BusinessCombinationsAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BusinessCombinationsAxis_lbl" xml:lang="en-US">Business combinations [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EntitysTotalForBusinessCombinationsMember" xlink:label="ifrs-full_EntitysTotalForBusinessCombinationsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForBusinessCombinationsMember" xlink:to="ifrs-full_EntitysTotalForBusinessCombinationsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EntitysTotalForBusinessCombinationsMember_lbl" xml:lang="en-US">Entitys Total For Business Combinations [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EntitysTotalForBusinessCombinationsMember_lbl" xml:lang="en-US">Entity's total for business combinations [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BancoCompartirS.aMember" xlink:label="bap_BancoCompartirS.aMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BancoCompartirS.aMember" xlink:to="bap_BancoCompartirS.aMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BancoCompartirS.aMember_lbl" xml:lang="en-US">This member stands for Banco Compartir S.A.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BancoCompartirS.aMember_lbl" xml:lang="en-US">Banco Compartir S.a [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BancoCompartirS.aMember_lbl" xml:lang="en-US">Bancompartir</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_UltraserfincoS.a.Member" xlink:label="bap_UltraserfincoS.a.Member" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_UltraserfincoS.a.Member" xlink:to="bap_UltraserfincoS.a.Member_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_UltraserfincoS.a.Member_lbl" xml:lang="en-US">This member stands for Ultraserfinco S.A.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_UltraserfincoS.a.Member_lbl" xml:lang="en-US">Ultraserfinco S.a. [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_UltraserfincoS.a.Member_lbl" xml:lang="en-US">Ultraserfinco S.A.</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MulticajaS.aMember" xlink:label="bap_MulticajaS.aMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MulticajaS.aMember" xlink:to="bap_MulticajaS.aMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_MulticajaS.aMember_lbl" xml:lang="en-US">This member stands for Multicaja S.A.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MulticajaS.aMember_lbl" xml:lang="en-US">Multicaja S.a [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MulticajaS.aMember_lbl" xml:lang="en-US">Multicaja S.A</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TenpoSpaMember" xlink:label="bap_TenpoSpaMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TenpoSpaMember" xlink:to="bap_TenpoSpaMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TenpoSpaMember_lbl" xml:lang="en-US">This member stands for Tenpo SpA.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TenpoSpaMember_lbl" xml:lang="en-US">Tenpo Spa [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TenpoSpaMember_lbl" xml:lang="en-US">Tenpo</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CompaniaIncubadoraDeSolucionesMovilesS.aMember" xlink:label="bap_CompaniaIncubadoraDeSolucionesMovilesS.aMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CompaniaIncubadoraDeSolucionesMovilesS.aMember" xlink:to="bap_CompaniaIncubadoraDeSolucionesMovilesS.aMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CompaniaIncubadoraDeSolucionesMovilesS.aMember_lbl" xml:lang="en-US">This member stands for Compaa Incubadora de Soluciones Mviles S.A.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CompaniaIncubadoraDeSolucionesMovilesS.aMember_lbl" xml:lang="en-US">Compania Incubadora De Soluciones Moviles S.a [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CompaniaIncubadoraDeSolucionesMovilesS.aMember_lbl" xml:lang="en-US">Compaa Incubadora de Soluciones Mviles S.A. - Culqi</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BancoCompartirS.a.Member" xlink:label="bap_BancoCompartirS.a.Member" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BancoCompartirS.a.Member" xlink:to="bap_BancoCompartirS.a.Member_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BancoCompartirS.a.Member_lbl" xml:lang="en-US">Represents the banco compartir S.A.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BancoCompartirS.a.Member_lbl" xml:lang="en-US">Banco Compartir S.a. [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BancoCompartirS.a.Member_lbl" xml:lang="en-US">Bancompartir</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CompaaIncubadoraDeSolucionesMvilesS.a.Member" xlink:label="bap_CompaaIncubadoraDeSolucionesMvilesS.a.Member" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CompaaIncubadoraDeSolucionesMvilesS.a.Member" xlink:to="bap_CompaaIncubadoraDeSolucionesMvilesS.a.Member_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CompaaIncubadoraDeSolucionesMvilesS.a.Member_lbl" xml:lang="en-US">Represents the compaa incubadora de soluciones mviles S.A.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CompaaIncubadoraDeSolucionesMvilesS.a.Member_lbl" xml:lang="en-US">Compaa Incubadora De Soluciones Mviles S.a. [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CompaaIncubadoraDeSolucionesMvilesS.a.Member_lbl" xml:lang="en-US">Culqi</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FairValueRecognitionOnAcquisitionAxis" xlink:label="bap_FairValueRecognitionOnAcquisitionAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FairValueRecognitionOnAcquisitionAxis" xlink:to="bap_FairValueRecognitionOnAcquisitionAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FairValueRecognitionOnAcquisitionAxis_lbl" xml:lang="en-US">Represents the information on fair value recognized on acquisition.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FairValueRecognitionOnAcquisitionAxis_lbl" xml:lang="en-US">Fair Value Recognition on Acquisition [Axis]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FairValueRecognitionOnAcquisitionDomain" xlink:label="bap_FairValueRecognitionOnAcquisitionDomain" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FairValueRecognitionOnAcquisitionDomain" xlink:to="bap_FairValueRecognitionOnAcquisitionDomain_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FairValueRecognitionOnAcquisitionDomain_lbl" xml:lang="en-US">Fair value recognized on acquisition.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FairValueRecognitionOnAcquisitionDomain_lbl" xml:lang="en-US">Fair Value Recognition On Acquisition [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FairValueRecognitionOnAcquisitionDomain_lbl" xml:lang="en-US">Fair Value Recognition on Acquisition [Domain]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BookValueMember" xlink:label="bap_BookValueMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BookValueMember" xlink:to="bap_BookValueMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BookValueMember_lbl" xml:lang="en-US">Represents the information on book value on the date of acquisition.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BookValueMember_lbl" xml:lang="en-US">Book Value [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BookValueMember_lbl" xml:lang="en-US">Book value</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FairValueAdjustmentsMember" xlink:label="bap_FairValueAdjustmentsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FairValueAdjustmentsMember" xlink:to="bap_FairValueAdjustmentsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FairValueAdjustmentsMember_lbl" xml:lang="en-US">Represents the information on fair value adjustments on the date of acquisition.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FairValueAdjustmentsMember_lbl" xml:lang="en-US">Fair Value Adjustments [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FairValueAdjustmentsMember_lbl" xml:lang="en-US">Fair value adjustments</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FairCalueRecognitionOnAcquisitionMember" xlink:label="bap_FairCalueRecognitionOnAcquisitionMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FairCalueRecognitionOnAcquisitionMember" xlink:to="bap_FairCalueRecognitionOnAcquisitionMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FairCalueRecognitionOnAcquisitionMember_lbl" xml:lang="en-US">Represents the information on fair value recognized on acquisition.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FairCalueRecognitionOnAcquisitionMember_lbl" xml:lang="en-US">Fair Calue Recognition On Acquisition [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FairCalueRecognitionOnAcquisitionMember_lbl" xml:lang="en-US">Fair value recognized on acquisition</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MicrofinanceBancoCompartirS.a.Member" xlink:label="bap_MicrofinanceBancoCompartirS.a.Member" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MicrofinanceBancoCompartirS.a.Member" xlink:to="bap_MicrofinanceBancoCompartirS.a.Member_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_MicrofinanceBancoCompartirS.a.Member_lbl" xml:lang="en-US">n/a</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MicrofinanceBancoCompartirS.a.Member_lbl" xml:lang="en-US">Microfinance Banco Compartir S.a. [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MicrofinanceBancoCompartirS.a.Member_lbl" xml:lang="en-US">Bancompartir</label>
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2020/country-2020-01-31.xsd#country_CL" xlink:label="country_CL" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_CL" xlink:to="country_CL_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_CL_lbl" xml:lang="en-US">C [L]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_CL_lbl" xml:lang="en-US">Chile</label>
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2020/country-2020-01-31.xsd#country_PA" xlink:label="country_PA" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_PA" xlink:to="country_PA_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_PA_lbl" xml:lang="en-US">P [A]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_PA_lbl" xml:lang="en-US">Panama</label>
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2020/country-2020-01-31.xsd#country_BO" xlink:label="country_BO" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_BO" xlink:to="country_BO_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_BO_lbl" xml:lang="en-US">B [O]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_BO_lbl" xml:lang="en-US">Bolivia</label>
    <loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2020/country-2020-01-31.xsd#country_PE" xlink:label="country_PE" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_PE" xlink:to="country_PE_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_PE_lbl" xml:lang="en-US">P [E]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_PE_lbl" xml:lang="en-US">Peru</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BusinessSupportFundMember" xlink:label="bap_BusinessSupportFundMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BusinessSupportFundMember" xlink:to="bap_BusinessSupportFundMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BusinessSupportFundMember_lbl" xml:lang="en-US">This member stands for Business Support Fund.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BusinessSupportFundMember_lbl" xml:lang="en-US">Business Support Fund [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BusinessSupportFundMember_lbl" xml:lang="en-US">Business Support Fund</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FaeFundsForAgricultureMember" xlink:label="bap_FaeFundsForAgricultureMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FaeFundsForAgricultureMember" xlink:to="bap_FaeFundsForAgricultureMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FaeFundsForAgricultureMember_lbl" xml:lang="en-US">This member stands for FAE funds for Agriculture.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FaeFundsForAgricultureMember_lbl" xml:lang="en-US">Fae Funds For Agriculture [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FaeFundsForAgricultureMember_lbl" xml:lang="en-US">FAE funds for Agriculture</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FaeFundsForTourismMember" xlink:label="bap_FaeFundsForTourismMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FaeFundsForTourismMember" xlink:to="bap_FaeFundsForTourismMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FaeFundsForTourismMember_lbl" xml:lang="en-US">This member stands for FAE funds for Tourism.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FaeFundsForTourismMember_lbl" xml:lang="en-US">Fae Funds For Tourism [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FaeFundsForTourismMember_lbl" xml:lang="en-US">FAE funds for Tourism</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ScenarioOneMember" xlink:label="bap_ScenarioOneMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ScenarioOneMember" xlink:to="bap_ScenarioOneMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ScenarioOneMember_lbl" xml:lang="en-US">This member stands for loans disbursed up to S/90.0 thousand.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ScenarioOneMember_lbl" xml:lang="en-US">Scenario One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ScenarioOneMember_lbl" xml:lang="en-US">Loans disbursed up to S/90.0 thousand</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ScenarioTwoMember" xlink:label="bap_ScenarioTwoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ScenarioTwoMember" xlink:to="bap_ScenarioTwoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ScenarioTwoMember_lbl" xml:lang="en-US">This member stands for loans disbursed greater than S/90.0 thousand and up to S/10.0 million.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ScenarioTwoMember_lbl" xml:lang="en-US">Scenario Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ScenarioTwoMember_lbl" xml:lang="en-US">Loans disbursed greater than S/90.0 thousand and up to S/10.0 million</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CredicorpCapitalColombiaS.a.Member" xlink:label="bap_CredicorpCapitalColombiaS.a.Member" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CredicorpCapitalColombiaS.a.Member" xlink:to="bap_CredicorpCapitalColombiaS.a.Member_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CredicorpCapitalColombiaS.a.Member_lbl" xml:lang="en-US">This member stands for Credicorp Capital Colombia S.A.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CredicorpCapitalColombiaS.a.Member_lbl" xml:lang="en-US">Credicorp Capital Colombia S.a. [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CredicorpCapitalColombiaS.a.Member_lbl" xml:lang="en-US">Credicorp Capital Colombia S.A. [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MibancoBancoDeLaMicroempresaDeColombiaS.a.Member" xlink:label="bap_MibancoBancoDeLaMicroempresaDeColombiaS.a.Member" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MibancoBancoDeLaMicroempresaDeColombiaS.a.Member" xlink:to="bap_MibancoBancoDeLaMicroempresaDeColombiaS.a.Member_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_MibancoBancoDeLaMicroempresaDeColombiaS.a.Member_lbl" xml:lang="en-US">This represents Mibanco - Banco de la Microempresa de Colombia S.A.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MibancoBancoDeLaMicroempresaDeColombiaS.a.Member_lbl" xml:lang="en-US">Mibanco Banco De La Microempresa De Colombia S.a. [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MibancoBancoDeLaMicroempresaDeColombiaS.a.Member_lbl" xml:lang="en-US">Mibanco - Banco de la Microempresa de Colombia S.A.</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CredicorpHoldingColombiaS.a.s.AndSubsidiariesMember" xlink:label="bap_CredicorpHoldingColombiaS.a.s.AndSubsidiariesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CredicorpHoldingColombiaS.a.s.AndSubsidiariesMember" xlink:to="bap_CredicorpHoldingColombiaS.a.s.AndSubsidiariesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CredicorpHoldingColombiaS.a.s.AndSubsidiariesMember_lbl" xml:lang="en-US">n/a</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CredicorpHoldingColombiaS.a.s.AndSubsidiariesMember_lbl" xml:lang="en-US">Credicorp Holding Colombia S.a.s. And Subsidiaries [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CredicorpHoldingColombiaS.a.s.AndSubsidiariesMember_lbl" xml:lang="en-US">Credicorp Holding Colombia S.A.S. And Subsidiaries [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CredicorpCapitalHoldingChileAndSubsidiariesMember" xlink:label="bap_CredicorpCapitalHoldingChileAndSubsidiariesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CredicorpCapitalHoldingChileAndSubsidiariesMember" xlink:to="bap_CredicorpCapitalHoldingChileAndSubsidiariesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CredicorpCapitalHoldingChileAndSubsidiariesMember_lbl" xml:lang="en-US">n/a</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CredicorpCapitalHoldingChileAndSubsidiariesMember_lbl" xml:lang="en-US">Credicorp Capital Holding Chile And Subsidiaries [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CredicorpCapitalHoldingChileAndSubsidiariesMember_lbl" xml:lang="en-US">Credicorp Capital Holding Chile And Subsidiaries [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CredicorpCapitalHoldingPerSAAndSubsidiariesMember" xlink:label="bap_CredicorpCapitalHoldingPerSAAndSubsidiariesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CredicorpCapitalHoldingPerSAAndSubsidiariesMember" xlink:to="bap_CredicorpCapitalHoldingPerSAAndSubsidiariesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CredicorpCapitalHoldingPerSAAndSubsidiariesMember_lbl" xml:lang="en-US">Credicorp Capital Holding Per S A And Subsidiaries [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CredicorpCapitalHoldingPerSAAndSubsidiariesMember_lbl" xml:lang="en-US">Credicorp Capital Holding Per S.A. and Subsidiaries [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BcpMember" xlink:label="bap_BcpMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BcpMember" xlink:to="bap_BcpMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BcpMember_lbl" xml:lang="en-US">This member stands for BCP.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BcpMember_lbl" xml:lang="en-US">Bcp [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BcpMember_lbl" xml:lang="en-US">BCP</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransactionTypeAxis" xlink:label="us-gaap_TransactionTypeAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TransactionTypeAxis" xlink:to="us-gaap_TransactionTypeAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TransactionTypeAxis_lbl" xml:lang="en-US">Transaction Type [Axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TransactionDomain" xlink:label="us-gaap_TransactionDomain" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TransactionDomain" xlink:to="us-gaap_TransactionDomain_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TransactionDomain_lbl" xml:lang="en-US">Transaction [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TransactionDomain_lbl" xml:lang="en-US">Transaction [Domain]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CashCollateralOnRepurchaseAgreementsAndSecurityLendingsMember" xlink:label="bap_CashCollateralOnRepurchaseAgreementsAndSecurityLendingsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CashCollateralOnRepurchaseAgreementsAndSecurityLendingsMember" xlink:to="bap_CashCollateralOnRepurchaseAgreementsAndSecurityLendingsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CashCollateralOnRepurchaseAgreementsAndSecurityLendingsMember_lbl" xml:lang="en-US">Cash Collateral On Repurchase Agreements And Security Lendings [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CashCollateralOnRepurchaseAgreementsAndSecurityLendingsMember_lbl" xml:lang="en-US">Cash collateral on repurchase agreements and security lendings [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ReceivablesForShortSalesMember" xlink:label="bap_ReceivablesForShortSalesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ReceivablesForShortSalesMember" xlink:to="bap_ReceivablesForShortSalesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ReceivablesForShortSalesMember_lbl" xml:lang="en-US">Receivables For Short Sales [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ReceivablesForShortSalesMember_lbl" xml:lang="en-US">Receivables for short sales [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DebtInstrumentsMember" xlink:label="bap_DebtInstrumentsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DebtInstrumentsMember" xlink:to="bap_DebtInstrumentsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DebtInstrumentsMember_lbl" xml:lang="en-US">Debt Instruments [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DebtInstrumentsMember_lbl" xml:lang="en-US">Debt instruments [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BcrpOneMember" xlink:label="bap_BcrpOneMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BcrpOneMember" xlink:to="bap_BcrpOneMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BcrpOneMember_lbl" xml:lang="en-US">Bcrp One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BcrpOneMember_lbl" xml:lang="en-US">BCRP Reactiva Peru</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BcrpTwoMember" xlink:label="bap_BcrpTwoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BcrpTwoMember" xlink:to="bap_BcrpTwoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BcrpTwoMember_lbl" xml:lang="en-US">Bcrp Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BcrpTwoMember_lbl" xml:lang="en-US">BCRP</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BcrpNotaMember" xlink:label="bap_BcrpNotaMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BcrpNotaMember" xlink:to="bap_BcrpNotaMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BcrpNotaMember_lbl" xml:lang="en-US">No Definition available.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BcrpNotaMember_lbl" xml:lang="en-US">Bcrp Nota [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BcrpNotaMember_lbl" xml:lang="en-US">BCRP nota</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BcrpReactivaPeruSpecialMember" xlink:label="bap_BcrpReactivaPeruSpecialMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BcrpReactivaPeruSpecialMember" xlink:to="bap_BcrpReactivaPeruSpecialMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BcrpReactivaPeruSpecialMember_lbl" xml:lang="en-US">No Definition available.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BcrpReactivaPeruSpecialMember_lbl" xml:lang="en-US">Bcrp Reactiva Peru Special [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BcrpReactivaPeruSpecialMember_lbl" xml:lang="en-US">BCRP Reactiva Peru Special</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BancoCentralDeBoliviaMember" xlink:label="bap_BancoCentralDeBoliviaMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BancoCentralDeBoliviaMember" xlink:to="bap_BancoCentralDeBoliviaMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BancoCentralDeBoliviaMember_lbl" xml:lang="en-US">n/a</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BancoCentralDeBoliviaMember_lbl" xml:lang="en-US">Banco Central De Bolivia [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BancoCentralDeBoliviaMember_lbl" xml:lang="en-US">Banco Central de Bolivia</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BancoDeLaRepblicaDeColombiaMember" xlink:label="bap_BancoDeLaRepblicaDeColombiaMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BancoDeLaRepblicaDeColombiaMember" xlink:to="bap_BancoDeLaRepblicaDeColombiaMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BancoDeLaRepblicaDeColombiaMember_lbl" xml:lang="en-US">This member stands for Banco de la Repblica de Colombia.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BancoDeLaRepblicaDeColombiaMember_lbl" xml:lang="en-US">Banco De La Repblica De Colombia [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BancoDeLaRepblicaDeColombiaMember_lbl" xml:lang="en-US">Banco de la Repblica de Colombia</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_NatixisSaOneMember" xlink:label="bap_NatixisSaOneMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_NatixisSaOneMember" xlink:to="bap_NatixisSaOneMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_NatixisSaOneMember_lbl" xml:lang="en-US">Natixis Sa One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_NatixisSaOneMember_lbl" xml:lang="en-US">Natixis SA one [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CitigroupGlobalMarketsLimitedOneMember" xlink:label="bap_CitigroupGlobalMarketsLimitedOneMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CitigroupGlobalMarketsLimitedOneMember" xlink:to="bap_CitigroupGlobalMarketsLimitedOneMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CitigroupGlobalMarketsLimitedOneMember_lbl" xml:lang="en-US">Citigroup Global Markets Limited One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CitigroupGlobalMarketsLimitedOneMember_lbl" xml:lang="en-US">Citigroup Global Markets Limited one [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_NatixisSaFiveMember" xlink:label="bap_NatixisSaFiveMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_NatixisSaFiveMember" xlink:to="bap_NatixisSaFiveMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_NatixisSaFiveMember_lbl" xml:lang="en-US">Natixis Sa Five [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_NatixisSaFiveMember_lbl" xml:lang="en-US">Natixis S.A Two</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_NomuraInternationalPlcFiveMember" xlink:label="bap_NomuraInternationalPlcFiveMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_NomuraInternationalPlcFiveMember" xlink:to="bap_NomuraInternationalPlcFiveMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_NomuraInternationalPlcFiveMember_lbl" xml:lang="en-US">It represents nomura international plc five member.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_NomuraInternationalPlcFiveMember_lbl" xml:lang="en-US">Nomura International Plc Five [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_NomuraInternationalPlcFiveMember_lbl" xml:lang="en-US">Nomura International PLC three</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_NomuraInternationalPlcFourMember" xlink:label="bap_NomuraInternationalPlcFourMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_NomuraInternationalPlcFourMember" xlink:to="bap_NomuraInternationalPlcFourMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_NomuraInternationalPlcFourMember_lbl" xml:lang="en-US">No Definition available.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_NomuraInternationalPlcFourMember_lbl" xml:lang="en-US">Nomura International Plc Four [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_NomuraInternationalPlcFourMember_lbl" xml:lang="en-US">Nomura International PLC four</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CitigroupGlobalMarketsLimitedTwoMember" xlink:label="bap_CitigroupGlobalMarketsLimitedTwoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CitigroupGlobalMarketsLimitedTwoMember" xlink:to="bap_CitigroupGlobalMarketsLimitedTwoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CitigroupGlobalMarketsLimitedTwoMember_lbl" xml:lang="en-US">Citigroup Global Markets Limited Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CitigroupGlobalMarketsLimitedTwoMember_lbl" xml:lang="en-US">Citigroup Global Markets Limited</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AccruedInterestMember" xlink:label="bap_AccruedInterestMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AccruedInterestMember" xlink:to="bap_AccruedInterestMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AccruedInterestMember_lbl" xml:lang="en-US">Accrued Interest [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AccruedInterestMember_lbl" xml:lang="en-US">Accrued Interest [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InterestRateSwapContractSevenMember" xlink:label="bap_InterestRateSwapContractSevenMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InterestRateSwapContractSevenMember" xlink:to="bap_InterestRateSwapContractSevenMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InterestRateSwapContractSevenMember_lbl" xml:lang="en-US">Interest Rate Swap Contract Seven [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InterestRateSwapContractSevenMember_lbl" xml:lang="en-US">Interest rate swap contract seven [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CrossCurrencySwapContractOneMember" xlink:label="bap_CrossCurrencySwapContractOneMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CrossCurrencySwapContractOneMember" xlink:to="bap_CrossCurrencySwapContractOneMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CrossCurrencySwapContractOneMember_lbl" xml:lang="en-US">Cross Currency Swap Contract One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CrossCurrencySwapContractOneMember_lbl" xml:lang="en-US">Cross currency swap contract one [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CrossCurrencySwapContractTwoMember" xlink:label="bap_CrossCurrencySwapContractTwoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CrossCurrencySwapContractTwoMember" xlink:to="bap_CrossCurrencySwapContractTwoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CrossCurrencySwapContractTwoMember_lbl" xml:lang="en-US">Cross Currency Swap Contract Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CrossCurrencySwapContractTwoMember_lbl" xml:lang="en-US">Cross currency swap contract two [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CrossCurrencySwapContractThreeMember" xlink:label="bap_CrossCurrencySwapContractThreeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CrossCurrencySwapContractThreeMember" xlink:to="bap_CrossCurrencySwapContractThreeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CrossCurrencySwapContractThreeMember_lbl" xml:lang="en-US">Cross Currency Swap Contract Three [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CrossCurrencySwapContractThreeMember_lbl" xml:lang="en-US">Cross currency swap contract three [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CrossCurrencySwapAndInterestRateSwapContractMember" xlink:label="bap_CrossCurrencySwapAndInterestRateSwapContractMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CrossCurrencySwapAndInterestRateSwapContractMember" xlink:to="bap_CrossCurrencySwapAndInterestRateSwapContractMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CrossCurrencySwapAndInterestRateSwapContractMember_lbl" xml:lang="en-US">Cross Currency Swap And Interest Rate Swap Contract [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CrossCurrencySwapAndInterestRateSwapContractMember_lbl" xml:lang="en-US">Cross currency swap and interest rate swap contract [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeAxis" xlink:label="us-gaap_InvestmentTypeAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentTypeAxis" xlink:to="us-gaap_InvestmentTypeAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentTypeAxis_lbl" xml:lang="en-US">Investment Type [Axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember" xlink:label="us-gaap_InvestmentTypeCategorizationMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentTypeCategorizationMember" xlink:to="us-gaap_InvestmentTypeCategorizationMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentTypeCategorizationMember_lbl" xml:lang="en-US">Investment Type Categorization [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InvestmentTypeCategorizationMember_lbl" xml:lang="en-US">Investments [Domain]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RepurchaseAgreementsMember" xlink:label="us-gaap_RepurchaseAgreementsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepurchaseAgreementsMember" xlink:to="us-gaap_RepurchaseAgreementsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RepurchaseAgreementsMember_lbl" xml:lang="en-US">Repurchase Agreements [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RepurchaseAgreementsMember_lbl" xml:lang="en-US">Repurchase Agreements [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CentralReserveBankOfPeruMember" xlink:label="bap_CentralReserveBankOfPeruMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CentralReserveBankOfPeruMember" xlink:to="bap_CentralReserveBankOfPeruMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CentralReserveBankOfPeruMember_lbl" xml:lang="en-US">Central Reserve Bank Of Peru [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CentralReserveBankOfPeruMember_lbl" xml:lang="en-US">Central Reserve Bank of Peru [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ColombianTreasuryBondsMember" xlink:label="bap_ColombianTreasuryBondsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ColombianTreasuryBondsMember" xlink:to="bap_ColombianTreasuryBondsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ColombianTreasuryBondsMember_lbl" xml:lang="en-US">This member stands for colombian treasury bonds under government treasury bonds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ColombianTreasuryBondsMember_lbl" xml:lang="en-US">Colombian Treasury Bonds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ColombianTreasuryBondsMember_lbl" xml:lang="en-US">Colombian Treasury bonds</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PeruvianTreasuryBondsMember" xlink:label="bap_PeruvianTreasuryBondsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PeruvianTreasuryBondsMember" xlink:to="bap_PeruvianTreasuryBondsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PeruvianTreasuryBondsMember_lbl" xml:lang="en-US">Peruvian Treasury Bonds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PeruvianTreasuryBondsMember_lbl" xml:lang="en-US">Peruvian treasury bonds [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_U.s.TreasuryAndFederalAgencyBondsMember" xlink:label="bap_U.s.TreasuryAndFederalAgencyBondsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_U.s.TreasuryAndFederalAgencyBondsMember" xlink:to="bap_U.s.TreasuryAndFederalAgencyBondsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_U.s.TreasuryAndFederalAgencyBondsMember_lbl" xml:lang="en-US">This member stands for U.S. treasury and federal agency bonds under government treasury bonds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_U.s.TreasuryAndFederalAgencyBondsMember_lbl" xml:lang="en-US">U.s. Treasury And Federal Agency Bonds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_U.s.TreasuryAndFederalAgencyBondsMember_lbl" xml:lang="en-US">U.S. treasury and federal agency bonds</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ParticipationInMutualFundsMember" xlink:label="bap_ParticipationInMutualFundsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ParticipationInMutualFundsMember" xlink:to="bap_ParticipationInMutualFundsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ParticipationInMutualFundsMember_lbl" xml:lang="en-US">Participation In Mutual Funds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ParticipationInMutualFundsMember_lbl" xml:lang="en-US">Mutual funds</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CorporateBondsMember" xlink:label="bap_CorporateBondsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CorporateBondsMember" xlink:to="bap_CorporateBondsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CorporateBondsMember_lbl" xml:lang="en-US">Corporate Bonds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CorporateBondsMember_lbl" xml:lang="en-US">Corporate bonds</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SharesMember" xlink:label="bap_SharesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SharesMember" xlink:to="bap_SharesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SharesMember_lbl" xml:lang="en-US">This member stands for shares.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SharesMember_lbl" xml:lang="en-US">Shares [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SharesMember_lbl" xml:lang="en-US">Shares</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ParticipationInRalFundMember" xlink:label="bap_ParticipationInRalFundMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ParticipationInRalFundMember" xlink:to="bap_ParticipationInRalFundMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ParticipationInRalFundMember_lbl" xml:lang="en-US">Participation In Ral Fund [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ParticipationInRalFundMember_lbl" xml:lang="en-US">Participation in RAL Fund [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CentralBankOfChileBondsMember" xlink:label="bap_CentralBankOfChileBondsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CentralBankOfChileBondsMember" xlink:to="bap_CentralBankOfChileBondsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CentralBankOfChileBondsMember_lbl" xml:lang="en-US">This member stands for Central Bank of Chile bonds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CentralBankOfChileBondsMember_lbl" xml:lang="en-US">Central Bank Of Chile Bonds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CentralBankOfChileBondsMember_lbl" xml:lang="en-US">Central Bank of Chile bonds</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MultilateralOrganizationBondsMember" xlink:label="bap_MultilateralOrganizationBondsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MultilateralOrganizationBondsMember" xlink:to="bap_MultilateralOrganizationBondsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MultilateralOrganizationBondsMember_lbl" xml:lang="en-US">Multilateral Organization Bonds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MultilateralOrganizationBondsMember_lbl" xml:lang="en-US">Multilateral organization bonds [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_RpiInternationalHoldingLpMember" xlink:label="bap_RpiInternationalHoldingLpMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_RpiInternationalHoldingLpMember" xlink:to="bap_RpiInternationalHoldingLpMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_RpiInternationalHoldingLpMember_lbl" xml:lang="en-US">This member stands for RPI International Holding, LP.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_RpiInternationalHoldingLpMember_lbl" xml:lang="en-US">Rpi International Holding Lp [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_RpiInternationalHoldingLpMember_lbl" xml:lang="en-US">RPI International Holding, LP</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember" xlink:to="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember_lbl" xml:lang="en-US">Financial Assets At Fair Value Through Profit Or Loss Classified As Held For Trading Category [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember_lbl" xml:lang="en-US">Financial assets at fair value through profit or loss, classified as held for trading, category [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InterestAccruedOnInvestmentsMember" xlink:label="bap_InterestAccruedOnInvestmentsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InterestAccruedOnInvestmentsMember" xlink:to="bap_InterestAccruedOnInvestmentsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InterestAccruedOnInvestmentsMember_lbl" xml:lang="en-US">Interest Accrued On Investments [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InterestAccruedOnInvestmentsMember_lbl" xml:lang="en-US">Accrued interest</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CorporacinAndinaDeFomentoMember" xlink:label="bap_CorporacinAndinaDeFomentoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CorporacinAndinaDeFomentoMember" xlink:to="bap_CorporacinAndinaDeFomentoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CorporacinAndinaDeFomentoMember_lbl" xml:lang="en-US">This member represents the Corporacin Andina de Fomento.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CorporacinAndinaDeFomentoMember_lbl" xml:lang="en-US">Corporacin Andina De Fomento [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CorporacinAndinaDeFomentoMember_lbl" xml:lang="en-US">Corporacin Andina de Fomento</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BrasilTreasuryBondsMember" xlink:label="bap_BrasilTreasuryBondsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BrasilTreasuryBondsMember" xlink:to="bap_BrasilTreasuryBondsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BrasilTreasuryBondsMember_lbl" xml:lang="en-US">This member stands for Brasil Treasury bonds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BrasilTreasuryBondsMember_lbl" xml:lang="en-US">Brasil Treasury Bonds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BrasilTreasuryBondsMember_lbl" xml:lang="en-US">Brasil Treasury bonds</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ChileTreasuryBondsMember" xlink:label="bap_ChileTreasuryBondsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ChileTreasuryBondsMember" xlink:to="bap_ChileTreasuryBondsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ChileTreasuryBondsMember_lbl" xml:lang="en-US">This member stands for Chile Treasury bonds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ChileTreasuryBondsMember_lbl" xml:lang="en-US">Chile Treasury Bonds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ChileTreasuryBondsMember_lbl" xml:lang="en-US">Chile Treasury bonds</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PanamaTreasuryBondsMember" xlink:label="bap_PanamaTreasuryBondsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PanamaTreasuryBondsMember" xlink:to="bap_PanamaTreasuryBondsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PanamaTreasuryBondsMember_lbl" xml:lang="en-US">This member stands for Panama Treasury bonds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PanamaTreasuryBondsMember_lbl" xml:lang="en-US">Panama Treasury Bonds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PanamaTreasuryBondsMember_lbl" xml:lang="en-US">Panama Treasury bonds</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MexicoTreasuryBondsMember" xlink:label="bap_MexicoTreasuryBondsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MexicoTreasuryBondsMember" xlink:to="bap_MexicoTreasuryBondsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_MexicoTreasuryBondsMember_lbl" xml:lang="en-US">This member stands for Mexico Treasury bonds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MexicoTreasuryBondsMember_lbl" xml:lang="en-US">Mexico Treasury Bonds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MexicoTreasuryBondsMember_lbl" xml:lang="en-US">Mexico Treasury bonds</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DerivativesHeldAsHedgesMember" xlink:label="bap_DerivativesHeldAsHedgesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DerivativesHeldAsHedgesMember" xlink:to="bap_DerivativesHeldAsHedgesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DerivativesHeldAsHedgesMember_lbl" xml:lang="en-US">Derivatives Held As Hedges [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DerivativesHeldAsHedgesMember_lbl" xml:lang="en-US">Derivatives held as hedges [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BondsIssuedByJpMorganChaseCo.AndCineplexS.aMember" xlink:label="bap_BondsIssuedByJpMorganChaseCo.AndCineplexS.aMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BondsIssuedByJpMorganChaseCo.AndCineplexS.aMember" xlink:to="bap_BondsIssuedByJpMorganChaseCo.AndCineplexS.aMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BondsIssuedByJpMorganChaseCo.AndCineplexS.aMember_lbl" xml:lang="en-US">This member stands for bonds issued by JP Morgan Chase &amp; Co. and Cineplex S.A.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BondsIssuedByJpMorganChaseCo.AndCineplexS.aMember_lbl" xml:lang="en-US">Bonds Issued By Jp Morgan Chase Co. And Cineplex S.a [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BondsIssuedByJpMorganChaseCo.AndCineplexS.aMember_lbl" xml:lang="en-US">Bonds issued by JP Morgan Chase &amp; Co. and Cineplex S.A</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BondsIssuedByJpMorganChaseCo.Member" xlink:label="bap_BondsIssuedByJpMorganChaseCo.Member" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BondsIssuedByJpMorganChaseCo.Member" xlink:to="bap_BondsIssuedByJpMorganChaseCo.Member_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BondsIssuedByJpMorganChaseCo.Member_lbl" xml:lang="en-US">This member stands for bonds issued by JP Morgan Chase &amp; Co.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BondsIssuedByJpMorganChaseCo.Member_lbl" xml:lang="en-US">Bonds Issued By Jp Morgan Chase Co. [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BondsIssuedByJpMorganChaseCo.Member_lbl" xml:lang="en-US">Bonds issued by JP Morgan Chase &amp; Co.</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BondsIssuedByCineplexS.aMember" xlink:label="bap_BondsIssuedByCineplexS.aMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BondsIssuedByCineplexS.aMember" xlink:to="bap_BondsIssuedByCineplexS.aMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BondsIssuedByCineplexS.aMember_lbl" xml:lang="en-US">This member stands for bonds issued by Cineplex S.A.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BondsIssuedByCineplexS.aMember_lbl" xml:lang="en-US">Bonds Issued By Cineplex S.a [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BondsIssuedByCineplexS.aMember_lbl" xml:lang="en-US">Bonds issued by Cineplex S.A</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BondIssuedByPeruvianTreasuryMember" xlink:label="bap_BondIssuedByPeruvianTreasuryMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BondIssuedByPeruvianTreasuryMember" xlink:to="bap_BondIssuedByPeruvianTreasuryMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BondIssuedByPeruvianTreasuryMember_lbl" xml:lang="en-US">This member stands for bonds issued by the Peruvian Treasury.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BondIssuedByPeruvianTreasuryMember_lbl" xml:lang="en-US">Bond Issued By Peruvian Treasury [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BondIssuedByPeruvianTreasuryMember_lbl" xml:lang="en-US">Bond issued by the Peruvian Treasury</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BolivianosMember" xlink:label="bap_BolivianosMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BolivianosMember" xlink:to="bap_BolivianosMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BolivianosMember_lbl" xml:lang="en-US">Bolivianos [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BolivianosMember_lbl" xml:lang="en-US">Bolivianos [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ParticipationInCredicorpCapitalLatinAmericanCorporateDebtFundMember" xlink:label="bap_ParticipationInCredicorpCapitalLatinAmericanCorporateDebtFundMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ParticipationInCredicorpCapitalLatinAmericanCorporateDebtFundMember" xlink:to="bap_ParticipationInCredicorpCapitalLatinAmericanCorporateDebtFundMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ParticipationInCredicorpCapitalLatinAmericanCorporateDebtFundMember_lbl" xml:lang="en-US">This member stands for participation in Credicorp Capital Latin American Corporate Debt Fund.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ParticipationInCredicorpCapitalLatinAmericanCorporateDebtFundMember_lbl" xml:lang="en-US">Participation In Credicorp Capital Latin American Corporate Debt Fund [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ParticipationInCredicorpCapitalLatinAmericanCorporateDebtFundMember_lbl" xml:lang="en-US">Participation in Credicorp Capital Latin American Corporate Debt Fund</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ParticipationInCredicorpCapitalLatinAmericanInvestmentGradeFundMember" xlink:label="bap_ParticipationInCredicorpCapitalLatinAmericanInvestmentGradeFundMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ParticipationInCredicorpCapitalLatinAmericanInvestmentGradeFundMember" xlink:to="bap_ParticipationInCredicorpCapitalLatinAmericanInvestmentGradeFundMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ParticipationInCredicorpCapitalLatinAmericanInvestmentGradeFundMember_lbl" xml:lang="en-US">This member stands for participation in Credicorp Capital Latin American Investment Grade Fund.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ParticipationInCredicorpCapitalLatinAmericanInvestmentGradeFundMember_lbl" xml:lang="en-US">Participation In Credicorp Capital Latin American Investment Grade Fund [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ParticipationInCredicorpCapitalLatinAmericanInvestmentGradeFundMember_lbl" xml:lang="en-US">Participation in Credicorp Capital Latin American Investment Grade Fund</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ParticipationInRoyaltyPharmaPlcMember" xlink:label="bap_ParticipationInRoyaltyPharmaPlcMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ParticipationInRoyaltyPharmaPlcMember" xlink:to="bap_ParticipationInRoyaltyPharmaPlcMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ParticipationInRoyaltyPharmaPlcMember_lbl" xml:lang="en-US">This member stands for participation in Royalty Pharma plc.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ParticipationInRoyaltyPharmaPlcMember_lbl" xml:lang="en-US">Participation In Royalty Pharma Plc [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ParticipationInRoyaltyPharmaPlcMember_lbl" xml:lang="en-US">Participation in Royalty Pharma plc</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ParticipationInFondoDeInversinColectivaFonvalMember" xlink:label="bap_ParticipationInFondoDeInversinColectivaFonvalMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ParticipationInFondoDeInversinColectivaFonvalMember" xlink:to="bap_ParticipationInFondoDeInversinColectivaFonvalMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ParticipationInFondoDeInversinColectivaFonvalMember_lbl" xml:lang="en-US">This member stands for participation in Fondo de Inversin Colectiva Fonval.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ParticipationInFondoDeInversinColectivaFonvalMember_lbl" xml:lang="en-US">Participation In Fondo De Inversin Colectiva Fonval [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ParticipationInFondoDeInversinColectivaFonvalMember_lbl" xml:lang="en-US">Participation inFondo de Inversin Colectiva Fonval</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ParticipationInFondoDeCapitalPrivado4gCredicorpCapitalMember" xlink:label="bap_ParticipationInFondoDeCapitalPrivado4gCredicorpCapitalMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ParticipationInFondoDeCapitalPrivado4gCredicorpCapitalMember" xlink:to="bap_ParticipationInFondoDeCapitalPrivado4gCredicorpCapitalMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ParticipationInFondoDeCapitalPrivado4gCredicorpCapitalMember_lbl" xml:lang="en-US">This member stands for participation in Fondo de capital privado 4G Credicorp Capital.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ParticipationInFondoDeCapitalPrivado4gCredicorpCapitalMember_lbl" xml:lang="en-US">Participation In Fondo De Capital Privado4g Credicorp Capital [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ParticipationInFondoDeCapitalPrivado4gCredicorpCapitalMember_lbl" xml:lang="en-US">Participation in Fondo de capital privado 4G Credicorp Capital</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CrossCurrencySwapContractFourMember" xlink:label="bap_CrossCurrencySwapContractFourMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CrossCurrencySwapContractFourMember" xlink:to="bap_CrossCurrencySwapContractFourMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CrossCurrencySwapContractFourMember_lbl" xml:lang="en-US">Cross Currency Swap Contract Four [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CrossCurrencySwapContractFourMember_lbl" xml:lang="en-US">Cross currency swap contract four [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CrossCurrencySwapContractFiveMember" xlink:label="bap_CrossCurrencySwapContractFiveMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CrossCurrencySwapContractFiveMember" xlink:to="bap_CrossCurrencySwapContractFiveMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CrossCurrencySwapContractFiveMember_lbl" xml:lang="en-US">Cross Currency Swap Contract Five [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CrossCurrencySwapContractFiveMember_lbl" xml:lang="en-US">Cross currency swap contract five [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsAtAmortisedCostMember" xlink:label="ifrs-full_FinancialAssetsAtAmortisedCostMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtAmortisedCostMember" xlink:to="ifrs-full_FinancialAssetsAtAmortisedCostMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAtAmortisedCostMember_lbl" xml:lang="en-US">Financial Assets At Amortised Cost [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsAtAmortisedCostMember_lbl" xml:lang="en-US">Financial assets at amortised cost, class [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InterestRateSwapContractSixMember" xlink:label="bap_InterestRateSwapContractSixMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InterestRateSwapContractSixMember" xlink:to="bap_InterestRateSwapContractSixMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InterestRateSwapContractSixMember_lbl" xml:lang="en-US">Interest Rate Swap Contract Six [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InterestRateSwapContractSixMember_lbl" xml:lang="en-US">Interest rate swap contract six [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CrossCurrencySwapContractMember" xlink:label="bap_CrossCurrencySwapContractMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CrossCurrencySwapContractMember" xlink:to="bap_CrossCurrencySwapContractMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CrossCurrencySwapContractMember_lbl" xml:lang="en-US">Cross Currency Swap Contract [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CrossCurrencySwapContractMember_lbl" xml:lang="en-US">Cross currency swap contract [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FairValueHedgesMember" xlink:label="ifrs-full_FairValueHedgesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FairValueHedgesMember" xlink:to="ifrs-full_FairValueHedgesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FairValueHedgesMember_lbl" xml:lang="en-US">Fair Value Hedges [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FairValueHedgesMember_lbl" xml:lang="en-US">Fair value hedges [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:label="srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:to="srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_lbl" xml:lang="en-US">Investment, Name [Axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_EquityMethodInvesteeNameDomain" xlink:label="srt_EquityMethodInvesteeNameDomain" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_EquityMethodInvesteeNameDomain" xlink:to="srt_EquityMethodInvesteeNameDomain_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_EquityMethodInvesteeNameDomain_lbl" xml:lang="en-US">Equity Method Investee Name [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_EquityMethodInvesteeNameDomain_lbl" xml:lang="en-US">Investment, Name [Domain]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_RepurchasesAgreementMember" xlink:label="bap_RepurchasesAgreementMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_RepurchasesAgreementMember" xlink:to="bap_RepurchasesAgreementMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_RepurchasesAgreementMember_lbl" xml:lang="en-US">Repurchases Agreement [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_RepurchasesAgreementMember_lbl" xml:lang="en-US">Repurchase Agreement [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_UnitedStatesOfAmericaCountryMember" xlink:label="bap_UnitedStatesOfAmericaCountryMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_UnitedStatesOfAmericaCountryMember" xlink:to="bap_UnitedStatesOfAmericaCountryMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_UnitedStatesOfAmericaCountryMember_lbl" xml:lang="en-US">United States Of America Country [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_UnitedStatesOfAmericaCountryMember_lbl" xml:lang="en-US">United States</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PeruvianCompanyRutasDeLimaS.a.cMember" xlink:label="bap_PeruvianCompanyRutasDeLimaS.a.cMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PeruvianCompanyRutasDeLimaS.a.cMember" xlink:to="bap_PeruvianCompanyRutasDeLimaS.a.cMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PeruvianCompanyRutasDeLimaS.a.cMember_lbl" xml:lang="en-US">This member stands for Peruvian company Rutas de Lima S.A.C.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PeruvianCompanyRutasDeLimaS.a.cMember_lbl" xml:lang="en-US">Peruvian Company Rutas De Lima S.a.c [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PeruvianCompanyRutasDeLimaS.a.cMember_lbl" xml:lang="en-US">Peruvian company Rutas de Lima S.A.C</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BcpAndMibancoMember" xlink:label="bap_BcpAndMibancoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BcpAndMibancoMember" xlink:to="bap_BcpAndMibancoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BcpAndMibancoMember_lbl" xml:lang="en-US">This member stands for BCP and Mibanco.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BcpAndMibancoMember_lbl" xml:lang="en-US">Bcp And Mibanco [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BcpAndMibancoMember_lbl" xml:lang="en-US">BCP and Mibanco</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SmePymeAndIndividualsMember" xlink:label="bap_SmePymeAndIndividualsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SmePymeAndIndividualsMember" xlink:to="bap_SmePymeAndIndividualsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SmePymeAndIndividualsMember_lbl" xml:lang="en-US">This member stands for SME-Pyme and individuals.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SmePymeAndIndividualsMember_lbl" xml:lang="en-US">Sme Pyme And Individuals [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SmePymeAndIndividualsMember_lbl" xml:lang="en-US">SME-Pyme and individuals</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CostMember" xlink:label="bap_CostMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CostMember" xlink:to="bap_CostMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CostMember_lbl" xml:lang="en-US">Cost [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CostMember_lbl" xml:lang="en-US">Cost [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FurnitureAndFixtureMember" xlink:label="bap_FurnitureAndFixtureMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FurnitureAndFixtureMember" xlink:to="bap_FurnitureAndFixtureMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FurnitureAndFixtureMember_lbl" xml:lang="en-US">Furniture And Fixture [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FurnitureAndFixtureMember_lbl" xml:lang="en-US">Furniture and fixture [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ConstructionInProgressMember" xlink:label="ifrs-full_ConstructionInProgressMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ConstructionInProgressMember" xlink:to="ifrs-full_ConstructionInProgressMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ConstructionInProgressMember_lbl" xml:lang="en-US">Construction In Progress [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ConstructionInProgressMember_lbl" xml:lang="en-US">Work in progress [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CustomerrelatedIntangibleAssetsMember" xlink:label="ifrs-full_CustomerrelatedIntangibleAssetsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CustomerrelatedIntangibleAssetsMember" xlink:to="ifrs-full_CustomerrelatedIntangibleAssetsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CustomerrelatedIntangibleAssetsMember_lbl" xml:lang="en-US">Customerrelated Intangible Assets [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CustomerrelatedIntangibleAssetsMember_lbl" xml:lang="en-US">Client Relationships [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_RelationshipsWithHoldersMember" xlink:label="bap_RelationshipsWithHoldersMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_RelationshipsWithHoldersMember" xlink:to="bap_RelationshipsWithHoldersMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_RelationshipsWithHoldersMember_lbl" xml:lang="en-US">Represents the relationships with holders.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_RelationshipsWithHoldersMember_lbl" xml:lang="en-US">Relationships With Holders [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_RelationshipsWithHoldersMember_lbl" xml:lang="en-US">Relationships with holders [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComputerSoftwareMember" xlink:label="ifrs-full_ComputerSoftwareMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComputerSoftwareMember" xlink:to="ifrs-full_ComputerSoftwareMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComputerSoftwareMember_lbl" xml:lang="en-US">Computer Software [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComputerSoftwareMember_lbl" xml:lang="en-US">Software and developments [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IntangibleAssetsUnderDevelopmentMember" xlink:label="ifrs-full_IntangibleAssetsUnderDevelopmentMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleAssetsUnderDevelopmentMember" xlink:to="ifrs-full_IntangibleAssetsUnderDevelopmentMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IntangibleAssetsUnderDevelopmentMember_lbl" xml:lang="en-US">Intangible Assets Under Development [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IntangibleAssetsUnderDevelopmentMember_lbl" xml:lang="en-US">Intangible in progress [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AccumulatedAmortisationMember" xlink:label="bap_AccumulatedAmortisationMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AccumulatedAmortisationMember" xlink:to="bap_AccumulatedAmortisationMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AccumulatedAmortisationMember_lbl" xml:lang="en-US">Accumulated Amortisation [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AccumulatedAmortisationMember_lbl" xml:lang="en-US">Accumulated amortisation [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PrimaAfpAfpUnionVidaMember" xlink:label="bap_PrimaAfpAfpUnionVidaMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PrimaAfpAfpUnionVidaMember" xlink:to="bap_PrimaAfpAfpUnionVidaMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PrimaAfpAfpUnionVidaMember_lbl" xml:lang="en-US">Prima Afp Afp Union Vida [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PrimaAfpAfpUnionVidaMember_lbl" xml:lang="en-US">Prima AFP - AFP Union Vida [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_UltrasefincoS.a.Member" xlink:label="bap_UltrasefincoS.a.Member" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_UltrasefincoS.a.Member" xlink:to="bap_UltrasefincoS.a.Member_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_UltrasefincoS.a.Member_lbl" xml:lang="en-US">Represents the ultrasefinco S.A.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_UltrasefincoS.a.Member_lbl" xml:lang="en-US">Ultrasefinco S.a. [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_UltrasefincoS.a.Member_lbl" xml:lang="en-US">Ultrasefinco S.A. [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CulqiMember" xlink:label="bap_CulqiMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CulqiMember" xlink:to="bap_CulqiMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CulqiMember_lbl" xml:lang="en-US">Represents the culqi.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CulqiMember_lbl" xml:lang="en-US">Culqi [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CulqiMember_lbl" xml:lang="en-US">Culqi [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TenpoMember" xlink:label="bap_TenpoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TenpoMember" xlink:to="bap_TenpoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TenpoMember_lbl" xml:lang="en-US">Represents the tenpo.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TenpoMember_lbl" xml:lang="en-US">Tenpo [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TenpoMember_lbl" xml:lang="en-US">Tenpo [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ClientRelationshipsMember" xlink:label="bap_ClientRelationshipsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ClientRelationshipsMember" xlink:to="bap_ClientRelationshipsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ClientRelationshipsMember_lbl" xml:lang="en-US">Client Relationships [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ClientRelationshipsMember_lbl" xml:lang="en-US">Client relationships [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_EdyficarYMibancoMember" xlink:label="bap_EdyficarYMibancoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_EdyficarYMibancoMember" xlink:to="bap_EdyficarYMibancoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_EdyficarYMibancoMember_lbl" xml:lang="en-US">Edyficar Y Mibanco [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_EdyficarYMibancoMember_lbl" xml:lang="en-US">Mibanco - Edyficar Peru [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MibancoColombiaBancoCompartirS.aMember" xlink:label="bap_MibancoColombiaBancoCompartirS.aMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MibancoColombiaBancoCompartirS.aMember" xlink:to="bap_MibancoColombiaBancoCompartirS.aMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_MibancoColombiaBancoCompartirS.aMember_lbl" xml:lang="en-US">This member stands for MiBanco Colombia - Banco Compartir S.A.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MibancoColombiaBancoCompartirS.aMember_lbl" xml:lang="en-US">Mibanco Colombia Banco Compartir S.a [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MibancoColombiaBancoCompartirS.aMember_lbl" xml:lang="en-US">Mibanco Colombia - Bancompartir</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PacificoSegurosMember" xlink:label="bap_PacificoSegurosMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PacificoSegurosMember" xlink:to="bap_PacificoSegurosMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PacificoSegurosMember_lbl" xml:lang="en-US">Pacifico Seguros [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PacificoSegurosMember_lbl" xml:lang="en-US">Pacifico Seguros [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AtlanticSecurityHoldingCorporationMember" xlink:label="bap_AtlanticSecurityHoldingCorporationMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AtlanticSecurityHoldingCorporationMember" xlink:to="bap_AtlanticSecurityHoldingCorporationMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AtlanticSecurityHoldingCorporationMember_lbl" xml:lang="en-US">Atlantic Security Holding Corporation [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AtlanticSecurityHoldingCorporationMember_lbl" xml:lang="en-US">Atlantic Security Holding Corporation [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TenpoPrepagoS.aMember" xlink:label="bap_TenpoPrepagoS.aMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TenpoPrepagoS.aMember" xlink:to="bap_TenpoPrepagoS.aMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TenpoPrepagoS.aMember_lbl" xml:lang="en-US">This member stands for Tenpo Prepago S.A. (before "Multicaja Prepago S.A.")</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TenpoPrepagoS.aMember_lbl" xml:lang="en-US">Tenpo Prepago S.a [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TenpoPrepagoS.aMember_lbl" xml:lang="en-US">Tenpo Prepago S.A. (before "Multicaja Prepago S.A.")</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CrediseguroSegurosPersonalesMember" xlink:label="bap_CrediseguroSegurosPersonalesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CrediseguroSegurosPersonalesMember" xlink:to="bap_CrediseguroSegurosPersonalesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CrediseguroSegurosPersonalesMember_lbl" xml:lang="en-US">Crediseguro Seguros Personales [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CrediseguroSegurosPersonalesMember_lbl" xml:lang="en-US">Crediseguro Seguros Personales [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis" xlink:label="ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis" xlink:to="ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis_lbl" xml:lang="en-US">Cash-generating units [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EntitysTotalForCashgeneratingUnitsMember" xlink:label="ifrs-full_EntitysTotalForCashgeneratingUnitsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForCashgeneratingUnitsMember" xlink:to="ifrs-full_EntitysTotalForCashgeneratingUnitsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EntitysTotalForCashgeneratingUnitsMember_lbl" xml:lang="en-US">Entitys Total For Cashgenerating Units [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EntitysTotalForCashgeneratingUnitsMember_lbl" xml:lang="en-US">Entity's total for cash-generating units [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MibancoEdyficarPeruMember" xlink:label="bap_MibancoEdyficarPeruMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MibancoEdyficarPeruMember" xlink:to="bap_MibancoEdyficarPeruMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MibancoEdyficarPeruMember_lbl" xml:lang="en-US">Mibanco Edyficar Peru [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MibancoEdyficarPeruMember_lbl" xml:lang="en-US">Mibanco - Edyficar Peru [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FeesOneMember" xlink:label="bap_FeesOneMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FeesOneMember" xlink:to="bap_FeesOneMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FeesOneMember_lbl" xml:lang="en-US">Fees One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FeesOneMember_lbl" xml:lang="en-US">Fees One [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FeesTwoMember" xlink:label="bap_FeesTwoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FeesTwoMember" xlink:to="bap_FeesTwoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FeesTwoMember_lbl" xml:lang="en-US">Fees Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FeesTwoMember_lbl" xml:lang="en-US">Fees Two [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ParticipationOfCredicorpMember" xlink:label="bap_ParticipationOfCredicorpMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ParticipationOfCredicorpMember" xlink:to="bap_ParticipationOfCredicorpMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ParticipationOfCredicorpMember_lbl" xml:lang="en-US">This member stands for Participation of Credicorp.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ParticipationOfCredicorpMember_lbl" xml:lang="en-US">Participation Of Credicorp [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ParticipationOfCredicorpMember_lbl" xml:lang="en-US">Participation of Credicorp</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MinorityParticipationMember" xlink:label="bap_MinorityParticipationMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MinorityParticipationMember" xlink:to="bap_MinorityParticipationMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_MinorityParticipationMember_lbl" xml:lang="en-US">This member stands for minority participation.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MinorityParticipationMember_lbl" xml:lang="en-US">Minority Participation [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MinorityParticipationMember_lbl" xml:lang="en-US">Minority participation</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PropertyAgenciesAndOfficesMember" xlink:label="bap_PropertyAgenciesAndOfficesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PropertyAgenciesAndOfficesMember" xlink:to="bap_PropertyAgenciesAndOfficesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PropertyAgenciesAndOfficesMember_lbl" xml:lang="en-US">This member stands for property: agencies and offices.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PropertyAgenciesAndOfficesMember_lbl" xml:lang="en-US">Property Agencies And Offices [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PropertyAgenciesAndOfficesMember_lbl" xml:lang="en-US">Property: Agencies and offices</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ServersAndTechnologyPlatformsMember" xlink:label="bap_ServersAndTechnologyPlatformsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ServersAndTechnologyPlatformsMember" xlink:to="bap_ServersAndTechnologyPlatformsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ServersAndTechnologyPlatformsMember_lbl" xml:lang="en-US">This member stands for servers and technology platforms.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ServersAndTechnologyPlatformsMember_lbl" xml:lang="en-US">Servers And Technology Platforms [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ServersAndTechnologyPlatformsMember_lbl" xml:lang="en-US">Servers and technology platforms</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TransportUnitsMember" xlink:label="bap_TransportUnitsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TransportUnitsMember" xlink:to="bap_TransportUnitsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TransportUnitsMember_lbl" xml:lang="en-US">This member stands for transport units.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TransportUnitsMember_lbl" xml:lang="en-US">Transport Units [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TransportUnitsMember_lbl" xml:lang="en-US">Transport units</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherAssetsMember" xlink:label="ifrs-full_OtherAssetsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherAssetsMember" xlink:to="ifrs-full_OtherAssetsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherAssetsMember_lbl" xml:lang="en-US">Other Assets [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherAssetsMember_lbl" xml:lang="en-US">Other leases</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ForwardForeignExchangeContractsOneMember" xlink:label="bap_ForwardForeignExchangeContractsOneMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ForwardForeignExchangeContractsOneMember" xlink:to="bap_ForwardForeignExchangeContractsOneMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ForwardForeignExchangeContractsOneMember_lbl" xml:lang="en-US">Forward Foreign Exchange Contracts One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ForwardForeignExchangeContractsOneMember_lbl" xml:lang="en-US">Forward foreign exchange contracts one [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ForeignExchangeOptionsMember" xlink:label="bap_ForeignExchangeOptionsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ForeignExchangeOptionsMember" xlink:to="bap_ForeignExchangeOptionsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ForeignExchangeOptionsMember_lbl" xml:lang="en-US">Foreign Exchange Options [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ForeignExchangeOptionsMember_lbl" xml:lang="en-US">Foreign exchange options [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FuturesContractMember" xlink:label="ifrs-full_FuturesContractMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FuturesContractMember" xlink:to="ifrs-full_FuturesContractMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FuturesContractMember_lbl" xml:lang="en-US">Futures Contract [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FuturesContractMember_lbl" xml:lang="en-US">Futures</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InterestRateSwapContractOneMember" xlink:label="bap_InterestRateSwapContractOneMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InterestRateSwapContractOneMember" xlink:to="bap_InterestRateSwapContractOneMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InterestRateSwapContractOneMember_lbl" xml:lang="en-US">Interest Rate Swap Contract One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InterestRateSwapContractOneMember_lbl" xml:lang="en-US">Interest rate swap contract one [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InterestRateSwapContractTwoMember" xlink:label="bap_InterestRateSwapContractTwoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InterestRateSwapContractTwoMember" xlink:to="bap_InterestRateSwapContractTwoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InterestRateSwapContractTwoMember_lbl" xml:lang="en-US">Interest Rate Swap Contract Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InterestRateSwapContractTwoMember_lbl" xml:lang="en-US">Interest rate swap contract two [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InterestRateSwapContractThreeMember" xlink:label="bap_InterestRateSwapContractThreeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InterestRateSwapContractThreeMember" xlink:to="bap_InterestRateSwapContractThreeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InterestRateSwapContractThreeMember_lbl" xml:lang="en-US">Interest Rate Swap Contract Three [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InterestRateSwapContractThreeMember_lbl" xml:lang="en-US">Interest rate swap contract three [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InterestRateSwapContractFourMember" xlink:label="bap_InterestRateSwapContractFourMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InterestRateSwapContractFourMember" xlink:to="bap_InterestRateSwapContractFourMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InterestRateSwapContractFourMember_lbl" xml:lang="en-US">Interest Rate Swap Contract Four [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InterestRateSwapContractFourMember_lbl" xml:lang="en-US">Interest rate swap contract four [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InterestRateSwapContractFiveMember" xlink:label="bap_InterestRateSwapContractFiveMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InterestRateSwapContractFiveMember" xlink:to="bap_InterestRateSwapContractFiveMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InterestRateSwapContractFiveMember_lbl" xml:lang="en-US">Interest Rate Swap Contract Five [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InterestRateSwapContractFiveMember_lbl" xml:lang="en-US">Interest rate swap contract five [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InterestRateSwapContractEightMember" xlink:label="bap_InterestRateSwapContractEightMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InterestRateSwapContractEightMember" xlink:to="bap_InterestRateSwapContractEightMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_InterestRateSwapContractEightMember_lbl" xml:lang="en-US">Respresent the interest rate swap contract eight.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InterestRateSwapContractEightMember_lbl" xml:lang="en-US">Interest Rate Swap Contract Eight [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InterestRateSwapContractEightMember_lbl" xml:lang="en-US">Interest rate swap contract eight [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CrossCurrencySwapContractSixMember" xlink:label="bap_CrossCurrencySwapContractSixMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CrossCurrencySwapContractSixMember" xlink:to="bap_CrossCurrencySwapContractSixMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CrossCurrencySwapContractSixMember_lbl" xml:lang="en-US">Cross Currency Swap Contract Six [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CrossCurrencySwapContractSixMember_lbl" xml:lang="en-US">Cross currency swap contract six [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DerivativesHeldForTradingMember" xlink:label="bap_DerivativesHeldForTradingMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DerivativesHeldForTradingMember" xlink:to="bap_DerivativesHeldForTradingMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DerivativesHeldForTradingMember_lbl" xml:lang="en-US">Derivatives Held For Trading [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DerivativesHeldForTradingMember_lbl" xml:lang="en-US">Derivatives held for trading [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TrujilloMember" xlink:label="bap_TrujilloMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TrujilloMember" xlink:to="bap_TrujilloMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TrujilloMember_lbl" xml:lang="en-US">Trujillo [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TrujilloMember_lbl" xml:lang="en-US">Trujillo</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SantiagoDeSurcoMember" xlink:label="bap_SantiagoDeSurcoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SantiagoDeSurcoMember" xlink:to="bap_SantiagoDeSurcoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SantiagoDeSurcoMember_lbl" xml:lang="en-US">This member stands for Santiago de Surco.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SantiagoDeSurcoMember_lbl" xml:lang="en-US">Santiago De Surco [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SantiagoDeSurcoMember_lbl" xml:lang="en-US">Santiago de Surco</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SanMartnDePorresMember" xlink:label="bap_SanMartnDePorresMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SanMartnDePorresMember" xlink:to="bap_SanMartnDePorresMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SanMartnDePorresMember_lbl" xml:lang="en-US">This member stands for San Martn de Porres.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SanMartnDePorresMember_lbl" xml:lang="en-US">San Martn De Porres [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SanMartnDePorresMember_lbl" xml:lang="en-US">San Martn de Porres</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SanIsidroMember" xlink:label="bap_SanIsidroMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SanIsidroMember" xlink:to="bap_SanIsidroMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SanIsidroMember_lbl" xml:lang="en-US">This member stands for San Isidro.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SanIsidroMember_lbl" xml:lang="en-US">San Isidro [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SanIsidroMember_lbl" xml:lang="en-US">San Isidro</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ChiclayoMember" xlink:label="bap_ChiclayoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ChiclayoMember" xlink:to="bap_ChiclayoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ChiclayoMember_lbl" xml:lang="en-US">This member stands for Chiclayo.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ChiclayoMember_lbl" xml:lang="en-US">Chiclayo [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ChiclayoMember_lbl" xml:lang="en-US">Chiclayo</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ComasDistrictMember" xlink:label="bap_ComasDistrictMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ComasDistrictMember" xlink:to="bap_ComasDistrictMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ComasDistrictMember_lbl" xml:lang="en-US">This member stands for Comas district.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ComasDistrictMember_lbl" xml:lang="en-US">Comas District [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ComasDistrictMember_lbl" xml:lang="en-US">Comas district</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ArequipaMember" xlink:label="bap_ArequipaMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ArequipaMember" xlink:to="bap_ArequipaMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ArequipaMember_lbl" xml:lang="en-US">This member stands for Arequipa.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ArequipaMember_lbl" xml:lang="en-US">Arequipa [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ArequipaMember_lbl" xml:lang="en-US">Arequipa</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_Jr.HuallagaMember" xlink:label="bap_Jr.HuallagaMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_Jr.HuallagaMember" xlink:to="bap_Jr.HuallagaMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_Jr.HuallagaMember_lbl" xml:lang="en-US">This member stands for Jr. Huallaga.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_Jr.HuallagaMember_lbl" xml:lang="en-US">Jr. Huallaga [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_Jr.HuallagaMember_lbl" xml:lang="en-US">Jr. Huallaga</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_RevokedHedgesMember" xlink:label="bap_RevokedHedgesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_RevokedHedgesMember" xlink:to="bap_RevokedHedgesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_RevokedHedgesMember_lbl" xml:lang="en-US">Revoked Hedges [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_RevokedHedgesMember_lbl" xml:lang="en-US">Revoked hedges [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:label="ifrs-full_SignificantInvestmentsInAssociatesAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:to="ifrs-full_SignificantInvestmentsInAssociatesAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SignificantInvestmentsInAssociatesAxis_lbl" xml:lang="en-US">Associates [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EntitysTotalForAssociatesMember" xlink:label="ifrs-full_EntitysTotalForAssociatesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForAssociatesMember" xlink:to="ifrs-full_EntitysTotalForAssociatesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EntitysTotalForAssociatesMember_lbl" xml:lang="en-US">Entitys Total For Associates [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EntitysTotalForAssociatesMember_lbl" xml:lang="en-US">Entity's total for associates [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_EntidadPrestadoraDeSaludMember" xlink:label="bap_EntidadPrestadoraDeSaludMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_EntidadPrestadoraDeSaludMember" xlink:to="bap_EntidadPrestadoraDeSaludMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_EntidadPrestadoraDeSaludMember_lbl" xml:lang="en-US">Entidad Prestadora De Salud [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_EntidadPrestadoraDeSaludMember_lbl" xml:lang="en-US">Entidad Prestadora de Salud [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_LatamAirlinesGroupS.a.PeruBranchMember" xlink:label="bap_LatamAirlinesGroupS.a.PeruBranchMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_LatamAirlinesGroupS.a.PeruBranchMember" xlink:to="bap_LatamAirlinesGroupS.a.PeruBranchMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_LatamAirlinesGroupS.a.PeruBranchMember_lbl" xml:lang="en-US">This member stands for Latam Airlines Group S.A. Peru Branch.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_LatamAirlinesGroupS.a.PeruBranchMember_lbl" xml:lang="en-US">Latam Airlines Group S.a. Peru Branch [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_LatamAirlinesGroupS.a.PeruBranchMember_lbl" xml:lang="en-US">Latam Airlines Group S.A. Peru Branch</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BankOfAmericaN.a.Member" xlink:label="bap_BankOfAmericaN.a.Member" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BankOfAmericaN.a.Member" xlink:to="bap_BankOfAmericaN.a.Member_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BankOfAmericaN.a.Member_lbl" xml:lang="en-US">This Member represents the Bank of America, N.A..</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BankOfAmericaN.a.Member_lbl" xml:lang="en-US">Bank Of America N.a. [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BankOfAmericaN.a.Member_lbl" xml:lang="en-US">Bank of America, N.A. (v)</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SumitomoMitsuiBankingCorporationMember" xlink:label="bap_SumitomoMitsuiBankingCorporationMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SumitomoMitsuiBankingCorporationMember" xlink:to="bap_SumitomoMitsuiBankingCorporationMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SumitomoMitsuiBankingCorporationMember_lbl" xml:lang="en-US">Sumitomo Mitsui Banking Corporation [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SumitomoMitsuiBankingCorporationMember_lbl" xml:lang="en-US">Sumitomo Mitsui Banking Corporation</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_WellsFargoBankMember" xlink:label="bap_WellsFargoBankMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_WellsFargoBankMember" xlink:to="bap_WellsFargoBankMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_WellsFargoBankMember_lbl" xml:lang="en-US">Wells Fargo Bank [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_WellsFargoBankMember_lbl" xml:lang="en-US">Wells Fargo Bank, N.A.</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BancoldexMember" xlink:label="bap_BancoldexMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BancoldexMember" xlink:to="bap_BancoldexMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BancoldexMember_lbl" xml:lang="en-US">This member stands for Bancoldex.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BancoldexMember_lbl" xml:lang="en-US">Bancoldex [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BancoldexMember_lbl" xml:lang="en-US">Bancoldex</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TorontoDominionBankMember" xlink:label="bap_TorontoDominionBankMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TorontoDominionBankMember" xlink:to="bap_TorontoDominionBankMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TorontoDominionBankMember_lbl" xml:lang="en-US">Toronto Dominion Bank [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TorontoDominionBankMember_lbl" xml:lang="en-US">Toronto Dominion Bank [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BancoDeLaNacionMember" xlink:label="bap_BancoDeLaNacionMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BancoDeLaNacionMember" xlink:to="bap_BancoDeLaNacionMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BancoDeLaNacionMember_lbl" xml:lang="en-US">Banco De La Nacion [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BancoDeLaNacionMember_lbl" xml:lang="en-US">Banco de la Nacion [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CorporacionFinancieraDeDesarrolloCofideMember" xlink:label="bap_CorporacionFinancieraDeDesarrolloCofideMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CorporacionFinancieraDeDesarrolloCofideMember" xlink:to="bap_CorporacionFinancieraDeDesarrolloCofideMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CorporacionFinancieraDeDesarrolloCofideMember_lbl" xml:lang="en-US">Corporacion Financiera De Desarrollo Cofide [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CorporacionFinancieraDeDesarrolloCofideMember_lbl" xml:lang="en-US">Corporacion Financiera de Desarrollo COFIDE [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BankOfNewYorkMellonMember" xlink:label="bap_BankOfNewYorkMellonMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BankOfNewYorkMellonMember" xlink:to="bap_BankOfNewYorkMellonMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BankOfNewYorkMellonMember_lbl" xml:lang="en-US">This Member represents the Bank of New York Mellon.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BankOfNewYorkMellonMember_lbl" xml:lang="en-US">Bank Of New York Mellon [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BankOfNewYorkMellonMember_lbl" xml:lang="en-US">Bank of New York Mellon</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CajaMunicipalDeAhorroYCrditoDeArequipaS.a.Member" xlink:label="bap_CajaMunicipalDeAhorroYCrditoDeArequipaS.a.Member" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CajaMunicipalDeAhorroYCrditoDeArequipaS.a.Member" xlink:to="bap_CajaMunicipalDeAhorroYCrditoDeArequipaS.a.Member_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CajaMunicipalDeAhorroYCrditoDeArequipaS.a.Member_lbl" xml:lang="en-US">This Member represents the Caja Municipal de Ahorro y Crdito de Arequipa S.A..</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CajaMunicipalDeAhorroYCrditoDeArequipaS.a.Member_lbl" xml:lang="en-US">Caja Municipal De Ahorro Y Crdito De Arequipa S.a. [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CajaMunicipalDeAhorroYCrditoDeArequipaS.a.Member_lbl" xml:lang="en-US">Caja Municipal de Ahorro y Crdito de Arequipa S.A. [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ScotiabankPeruSaaMember" xlink:label="bap_ScotiabankPeruSaaMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ScotiabankPeruSaaMember" xlink:to="bap_ScotiabankPeruSaaMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ScotiabankPeruSaaMember_lbl" xml:lang="en-US">Scotiabank Peru Saa [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ScotiabankPeruSaaMember_lbl" xml:lang="en-US">Scotiabank Peru S.A.A [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BankinterMember" xlink:label="bap_BankinterMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BankinterMember" xlink:to="bap_BankinterMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BankinterMember_lbl" xml:lang="en-US">This member stands for Bankinter.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BankinterMember_lbl" xml:lang="en-US">Bankinter [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BankinterMember_lbl" xml:lang="en-US">Bankinter</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BancoDeDesarrolloDeAmericaLatinaCafMember" xlink:label="bap_BancoDeDesarrolloDeAmericaLatinaCafMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BancoDeDesarrolloDeAmericaLatinaCafMember" xlink:to="bap_BancoDeDesarrolloDeAmericaLatinaCafMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BancoDeDesarrolloDeAmericaLatinaCafMember_lbl" xml:lang="en-US">This member stands for Banco de Desarrollo de America Latina - CAF.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BancoDeDesarrolloDeAmericaLatinaCafMember_lbl" xml:lang="en-US">Banco De Desarrollo De America Latina Caf [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BancoDeDesarrolloDeAmericaLatinaCafMember_lbl" xml:lang="en-US">Banco de Desarrollo de America Latina - CAF</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InternationalFinanceCorporationIfcMember" xlink:label="bap_InternationalFinanceCorporationIfcMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InternationalFinanceCorporationIfcMember" xlink:to="bap_InternationalFinanceCorporationIfcMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InternationalFinanceCorporationIfcMember_lbl" xml:lang="en-US">International Finance Corporation Ifc [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InternationalFinanceCorporationIfcMember_lbl" xml:lang="en-US">International Finance Corporation IFC [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_StandardCharteredbankMember" xlink:label="bap_StandardCharteredbankMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_StandardCharteredbankMember" xlink:to="bap_StandardCharteredbankMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_StandardCharteredbankMember_lbl" xml:lang="en-US">Standard Charteredbank [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_StandardCharteredbankMember_lbl" xml:lang="en-US">Standard Chartered Bank [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BancoBbvaPerMember" xlink:label="bap_BancoBbvaPerMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BancoBbvaPerMember" xlink:to="bap_BancoBbvaPerMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BancoBbvaPerMember_lbl" xml:lang="en-US">This represents the Banco BBVA Per.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BancoBbvaPerMember_lbl" xml:lang="en-US">Banco Bbva Per [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BancoBbvaPerMember_lbl" xml:lang="en-US">Banco BBVA Per [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BancoInternacionalDelPerS.a.a.InterbankMember" xlink:label="bap_BancoInternacionalDelPerS.a.a.InterbankMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BancoInternacionalDelPerS.a.a.InterbankMember" xlink:to="bap_BancoInternacionalDelPerS.a.a.InterbankMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BancoInternacionalDelPerS.a.a.InterbankMember_lbl" xml:lang="en-US">This Member represents the Banco Internacional del Per S.A.A. (Interbank).</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BancoInternacionalDelPerS.a.a.InterbankMember_lbl" xml:lang="en-US">Banco Internacional Del Per S.a.a. Interbank [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BancoInternacionalDelPerS.a.a.InterbankMember_lbl" xml:lang="en-US">Banco Internacional del Per S.A.A. (Interbank) [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OthersLessThanS51.0MillionMember" xlink:label="bap_OthersLessThanS51.0MillionMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OthersLessThanS51.0MillionMember" xlink:to="bap_OthersLessThanS51.0MillionMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_OthersLessThanS51.0MillionMember_lbl" xml:lang="en-US">The Member represents the Others less than S/51.0 million.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OthersLessThanS51.0MillionMember_lbl" xml:lang="en-US">Others Less Than S51.0 Million [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_OthersLessThanS51.0MillionMember_lbl" xml:lang="en-US">Others less than S/51.0 million [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ForeignCurrencyMember" xlink:label="bap_ForeignCurrencyMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ForeignCurrencyMember" xlink:to="bap_ForeignCurrencyMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ForeignCurrencyMember_lbl" xml:lang="en-US">This member stands for foreign currency.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ForeignCurrencyMember_lbl" xml:lang="en-US">Foreign Currency [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ForeignCurrencyMember_lbl" xml:lang="en-US">Foreign currency</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SeniorNotesSevenMember" xlink:label="bap_SeniorNotesSevenMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SeniorNotesSevenMember" xlink:to="bap_SeniorNotesSevenMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SeniorNotesSevenMember_lbl" xml:lang="en-US">This member stands for senior notes seven.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SeniorNotesSevenMember_lbl" xml:lang="en-US">Senior Notes Seven [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SeniorNotesSevenMember_lbl" xml:lang="en-US">Senior Notes Seven [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_Six.875FixedToFloatingRateSubordinatedNotesDue2026Member" xlink:label="bap_Six.875FixedToFloatingRateSubordinatedNotesDue2026Member" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_Six.875FixedToFloatingRateSubordinatedNotesDue2026Member" xlink:to="bap_Six.875FixedToFloatingRateSubordinatedNotesDue2026Member_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_Six.875FixedToFloatingRateSubordinatedNotesDue2026Member_lbl" xml:lang="en-US">This member stands for 6.875% Fixed- to-Floating Rate Subordinated Notes due 2026.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_Six.875FixedToFloatingRateSubordinatedNotesDue2026Member_lbl" xml:lang="en-US">Six.875 Fixed To Floating Rate Subordinated Notes Due2026 [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_Six.875FixedToFloatingRateSubordinatedNotesDue2026Member_lbl" xml:lang="en-US">6.875% Fixed- to-Floating Rate Subordinated Notes due 2026</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_Six.125FixedToFloatingRateSubordinatedNotesDue2027Member" xlink:label="bap_Six.125FixedToFloatingRateSubordinatedNotesDue2027Member" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_Six.125FixedToFloatingRateSubordinatedNotesDue2027Member" xlink:to="bap_Six.125FixedToFloatingRateSubordinatedNotesDue2027Member_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_Six.125FixedToFloatingRateSubordinatedNotesDue2027Member_lbl" xml:lang="en-US">This member stands for 6.125% Fixed-to-Floating Rate Subordinated Notes due 2027.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_Six.125FixedToFloatingRateSubordinatedNotesDue2027Member_lbl" xml:lang="en-US">Six.125 Fixed To Floating Rate Subordinated Notes Due2027 [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_Six.125FixedToFloatingRateSubordinatedNotesDue2027Member_lbl" xml:lang="en-US">6.125% Fixed-to-Floating Rate Subordinated Notes due 2027</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_Three.125SubordinatedFixedToFixedRateNotesDue2030Member" xlink:label="bap_Three.125SubordinatedFixedToFixedRateNotesDue2030Member" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_Three.125SubordinatedFixedToFixedRateNotesDue2030Member" xlink:to="bap_Three.125SubordinatedFixedToFixedRateNotesDue2030Member_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_Three.125SubordinatedFixedToFixedRateNotesDue2030Member_lbl" xml:lang="en-US">This member stands for 3.125% Subordinated Fixed-to-Fixed Rate Notes due 2030.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_Three.125SubordinatedFixedToFixedRateNotesDue2030Member_lbl" xml:lang="en-US">Three.125 Subordinated Fixed To Fixed Rate Notes Due2030 [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_Three.125SubordinatedFixedToFixedRateNotesDue2030Member_lbl" xml:lang="en-US">3.125% Subordinated Fixed-to-Fixed Rate Notes due 2030</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_HedgesOfNetInvestmentInForeignOperationsMember" xlink:label="ifrs-full_HedgesOfNetInvestmentInForeignOperationsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_HedgesOfNetInvestmentInForeignOperationsMember" xlink:to="ifrs-full_HedgesOfNetInvestmentInForeignOperationsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_HedgesOfNetInvestmentInForeignOperationsMember_lbl" xml:lang="en-US">Hedges Of Net Investment In Foreign Operations [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_HedgesOfNetInvestmentInForeignOperationsMember_lbl" xml:lang="en-US">Hedges of net investment in foreign operations [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_ScenarioForecastMember" xlink:label="srt_ScenarioForecastMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ScenarioForecastMember" xlink:to="srt_ScenarioForecastMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ScenarioForecastMember_lbl" xml:lang="en-US">Scenario Forecast [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_ScenarioForecastMember_lbl" xml:lang="en-US">Forecast</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AtlanticSecurityHoldingCorporationTreasurySharesMember" xlink:label="bap_AtlanticSecurityHoldingCorporationTreasurySharesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AtlanticSecurityHoldingCorporationTreasurySharesMember" xlink:to="bap_AtlanticSecurityHoldingCorporationTreasurySharesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AtlanticSecurityHoldingCorporationTreasurySharesMember_lbl" xml:lang="en-US">Atlantic Security Holding Corporation Treasury Shares [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AtlanticSecurityHoldingCorporationTreasurySharesMember_lbl" xml:lang="en-US">Atlantic security holding corporation treasury shares [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_GrupoCreditoMember" xlink:label="bap_GrupoCreditoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_GrupoCreditoMember" xlink:to="bap_GrupoCreditoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_GrupoCreditoMember_lbl" xml:lang="en-US">Represents the information pertaining to Grupo Credito.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_GrupoCreditoMember_lbl" xml:lang="en-US">Grupo Credito [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_GrupoCreditoMember_lbl" xml:lang="en-US">Grupo Credito</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PacficoSegurosMember" xlink:label="bap_PacficoSegurosMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PacficoSegurosMember" xlink:to="bap_PacficoSegurosMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PacficoSegurosMember_lbl" xml:lang="en-US">This member stands for Pacfico Seguros.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PacficoSegurosMember_lbl" xml:lang="en-US">Pacfico Seguros [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PacficoSegurosMember_lbl" xml:lang="en-US">Pacfico Seguros</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CredicorpCapitalServiciosFinancierosMember" xlink:label="bap_CredicorpCapitalServiciosFinancierosMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CredicorpCapitalServiciosFinancierosMember" xlink:to="bap_CredicorpCapitalServiciosFinancierosMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CredicorpCapitalServiciosFinancierosMember_lbl" xml:lang="en-US">This member stands for Credicorp Capital Servicios Financieros.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CredicorpCapitalServiciosFinancierosMember_lbl" xml:lang="en-US">Credicorp Capital Servicios Financieros [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CredicorpCapitalServiciosFinancierosMember_lbl" xml:lang="en-US">Credicorp Capital Servicios Financieros</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AtlanticSecurityBankMember" xlink:label="bap_AtlanticSecurityBankMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AtlanticSecurityBankMember" xlink:to="bap_AtlanticSecurityBankMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AtlanticSecurityBankMember_lbl" xml:lang="en-US">This member stands for Atlantic Security Bank.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AtlanticSecurityBankMember_lbl" xml:lang="en-US">Atlantic Security Bank [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AtlanticSecurityBankMember_lbl" xml:lang="en-US">Atlantic Security Bank</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CredicorpPeruMember" xlink:label="bap_CredicorpPeruMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CredicorpPeruMember" xlink:to="bap_CredicorpPeruMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CredicorpPeruMember_lbl" xml:lang="en-US">This member stands for Credicorp Peru.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CredicorpPeruMember_lbl" xml:lang="en-US">Credicorp Peru [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CredicorpPeruMember_lbl" xml:lang="en-US">Credicorp Peru</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CredicorpCapitalLimitedMember" xlink:label="bap_CredicorpCapitalLimitedMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CredicorpCapitalLimitedMember" xlink:to="bap_CredicorpCapitalLimitedMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CredicorpCapitalLimitedMember_lbl" xml:lang="en-US">Represents the information pertaining to Credicorp Capital limited.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CredicorpCapitalLimitedMember_lbl" xml:lang="en-US">Credicorp Capital Limited [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CredicorpCapitalLimitedMember_lbl" xml:lang="en-US">Credicorp Capital limited</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PrimaAfpMember" xlink:label="bap_PrimaAfpMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PrimaAfpMember" xlink:to="bap_PrimaAfpMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_PrimaAfpMember_lbl" xml:lang="en-US">This member stands for Prima AFP.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PrimaAfpMember_lbl" xml:lang="en-US">Prima Afp [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PrimaAfpMember_lbl" xml:lang="en-US">Prima AFP</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherTreasuySharesMember" xlink:label="bap_OtherTreasuySharesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherTreasuySharesMember" xlink:to="bap_OtherTreasuySharesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherTreasuySharesMember_lbl" xml:lang="en-US">Other Treasuy Shares [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_OtherTreasuySharesMember_lbl" xml:lang="en-US">Other treasuy shares [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LaterThanOneYearMember" xlink:label="ifrs-full_LaterThanOneYearMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanOneYearMember" xlink:to="ifrs-full_LaterThanOneYearMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanOneYearMember_lbl" xml:lang="en-US">Later Than One Year [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanOneYearMember_lbl" xml:lang="en-US">2021</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:to="ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_lbl" xml:lang="en-US">Later Than One Year And Not Later Than Two Years [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_lbl" xml:lang="en-US">2022</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:label="ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:to="ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_lbl" xml:lang="en-US">Later Than Two Years And Not Later Than Three Years [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_lbl" xml:lang="en-US">As of 2023</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" xlink:label="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" xlink:to="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis_lbl" xml:lang="en-US">Temporary difference, unused tax losses and unused tax credits [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsMember" xlink:label="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsMember" xlink:to="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsMember_lbl" xml:lang="en-US">Temporary Difference Unused Tax Losses And Unused Tax Credits [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsMember_lbl" xml:lang="en-US">Temporary difference, unused tax losses and unused tax credits [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ProvisionForDoubtfulLoansMember" xlink:label="bap_ProvisionForDoubtfulLoansMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ProvisionForDoubtfulLoansMember" xlink:to="bap_ProvisionForDoubtfulLoansMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ProvisionForDoubtfulLoansMember_lbl" xml:lang="en-US">Provision For Doubtful Loans [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ProvisionForDoubtfulLoansMember_lbl" xml:lang="en-US">Allowance for loan losses for loan portfolio [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FreezingCreditsZeroRateAndFaeFundsMember" xlink:label="bap_FreezingCreditsZeroRateAndFaeFundsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FreezingCreditsZeroRateAndFaeFundsMember" xlink:to="bap_FreezingCreditsZeroRateAndFaeFundsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FreezingCreditsZeroRateAndFaeFundsMember_lbl" xml:lang="en-US">This member stands for freezing credits (zero rate) and FAE funds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FreezingCreditsZeroRateAndFaeFundsMember_lbl" xml:lang="en-US">Freezing Credits Zero Rate And Fae Funds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FreezingCreditsZeroRateAndFaeFundsMember_lbl" xml:lang="en-US">Freezing credits (zero rate) and FAE funds</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ProvisionForProfitSharingMember" xlink:label="bap_ProvisionForProfitSharingMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ProvisionForProfitSharingMember" xlink:to="bap_ProvisionForProfitSharingMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ProvisionForProfitSharingMember_lbl" xml:lang="en-US">This member stands for Provision for profit sharing</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ProvisionForProfitSharingMember_lbl" xml:lang="en-US">Provision For Profit Sharing [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ProvisionForProfitSharingMember_lbl" xml:lang="en-US">Provision for profit sharing [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ProvisionForSundryExpensesAndRisksMember" xlink:label="bap_ProvisionForSundryExpensesAndRisksMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ProvisionForSundryExpensesAndRisksMember" xlink:to="bap_ProvisionForSundryExpensesAndRisksMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ProvisionForSundryExpensesAndRisksMember_lbl" xml:lang="en-US">Provision for sundry expenses and risks</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ProvisionForSundryExpensesAndRisksMember_lbl" xml:lang="en-US">Provision For Sundry Expenses And Risks [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ProvisionForSundryExpensesAndRisksMember_lbl" xml:lang="en-US">Provision for sundry expenses and risks [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ProvisionForPendingVacationsMember" xlink:label="bap_ProvisionForPendingVacationsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ProvisionForPendingVacationsMember" xlink:to="bap_ProvisionForPendingVacationsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ProvisionForPendingVacationsMember_lbl" xml:lang="en-US">Provisions for pending vacation.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ProvisionForPendingVacationsMember_lbl" xml:lang="en-US">Provision For Pending Vacations [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ProvisionForPendingVacationsMember_lbl" xml:lang="en-US">Provision for pending vacations [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DepreciationOfImprovementsForLeasedPremisesMember" xlink:label="bap_DepreciationOfImprovementsForLeasedPremisesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DepreciationOfImprovementsForLeasedPremisesMember" xlink:to="bap_DepreciationOfImprovementsForLeasedPremisesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DepreciationOfImprovementsForLeasedPremisesMember_lbl" xml:lang="en-US">Depreciation of improvements for leased premises</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DepreciationOfImprovementsForLeasedPremisesMember_lbl" xml:lang="en-US">Depreciation Of Improvements For Leased Premises [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DepreciationOfImprovementsForLeasedPremisesMember_lbl" xml:lang="en-US">Depreciation of improvements for leased premises [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ProvisionOfInterestOnOverdueRefinancedLoansMember" xlink:label="bap_ProvisionOfInterestOnOverdueRefinancedLoansMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ProvisionOfInterestOnOverdueRefinancedLoansMember" xlink:to="bap_ProvisionOfInterestOnOverdueRefinancedLoansMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ProvisionOfInterestOnOverdueRefinancedLoansMember_lbl" xml:lang="en-US">This member stands for provision of interest on overdue refinanced loans.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ProvisionOfInterestOnOverdueRefinancedLoansMember_lbl" xml:lang="en-US">Provision Of Interest On Overdue Refinanced Loans [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ProvisionOfInterestOnOverdueRefinancedLoansMember_lbl" xml:lang="en-US">Provision of interest on overdue refinanced loans</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_UnrealizedLossInValuationOnCashFlowHedgeDerivativesMember" xlink:label="bap_UnrealizedLossInValuationOnCashFlowHedgeDerivativesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_UnrealizedLossInValuationOnCashFlowHedgeDerivativesMember" xlink:to="bap_UnrealizedLossInValuationOnCashFlowHedgeDerivativesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_UnrealizedLossInValuationOnCashFlowHedgeDerivativesMember_lbl" xml:lang="en-US">Unrealized loss in valuation on cash flow hedge derivatives</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_UnrealizedLossInValuationOnCashFlowHedgeDerivativesMember_lbl" xml:lang="en-US">Unrealized Loss In Valuation On Cash Flow Hedge Derivatives [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_UnrealizedLossInValuationOnCashFlowHedgeDerivativesMember_lbl" xml:lang="en-US">Unrealized loss in valuation on cash flow hedge derivatives [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_UnusedTaxLossesMember" xlink:label="ifrs-full_UnusedTaxLossesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UnusedTaxLossesMember" xlink:to="ifrs-full_UnusedTaxLossesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_UnusedTaxLossesMember_lbl" xml:lang="en-US">Unused Tax Losses [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_UnusedTaxLossesMember_lbl" xml:lang="en-US">Carry forward tax losses [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_UnrealizedLossesDueToValuationOfInvestmentsAtFairValueThroughOtherComprehensiveIncomeMember" xlink:label="bap_UnrealizedLossesDueToValuationOfInvestmentsAtFairValueThroughOtherComprehensiveIncomeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_UnrealizedLossesDueToValuationOfInvestmentsAtFairValueThroughOtherComprehensiveIncomeMember" xlink:to="bap_UnrealizedLossesDueToValuationOfInvestmentsAtFairValueThroughOtherComprehensiveIncomeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_UnrealizedLossesDueToValuationOfInvestmentsAtFairValueThroughOtherComprehensiveIncomeMember_lbl" xml:lang="en-US">Unrealized losses due to valuation of investments at fair value through other comprehensive income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_UnrealizedLossesDueToValuationOfInvestmentsAtFairValueThroughOtherComprehensiveIncomeMember_lbl" xml:lang="en-US">Unrealized Losses Due To Valuation Of Investments At Fair Value Through Other Comprehensive Income [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_UnrealizedLossesDueToValuationOfInvestmentsAtFairValueThroughOtherComprehensiveIncomeMember_lbl" xml:lang="en-US">Unrealized losses due to valuation of investments at fair value through other comprehensive income [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ProvisionOfStockAwardsMember" xlink:label="bap_ProvisionOfStockAwardsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ProvisionOfStockAwardsMember" xlink:to="bap_ProvisionOfStockAwardsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ProvisionOfStockAwardsMember_lbl" xml:lang="en-US">This member stands for provision of Stock awards.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ProvisionOfStockAwardsMember_lbl" xml:lang="en-US">Provision Of Stock Awards [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ProvisionOfStockAwardsMember_lbl" xml:lang="en-US">Provision of Stock awards</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_IntangiblesNetMember" xlink:label="bap_IntangiblesNetMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_IntangiblesNetMember" xlink:to="bap_IntangiblesNetMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_IntangiblesNetMember_lbl" xml:lang="en-US">Intangibles, net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_IntangiblesNetMember_lbl" xml:lang="en-US">Intangibles Net [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_IntangiblesNetMember_lbl" xml:lang="en-US">Intangibles net [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AdjustmentForDifferenceInExchangeOfSUNATAndSBSMember" xlink:label="bap_AdjustmentForDifferenceInExchangeOfSUNATAndSBSMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AdjustmentForDifferenceInExchangeOfSUNATAndSBSMember" xlink:to="bap_AdjustmentForDifferenceInExchangeOfSUNATAndSBSMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AdjustmentForDifferenceInExchangeOfSUNATAndSBSMember_lbl" xml:lang="en-US">Adjustment for difference in exchange of SUNAT and SBS</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AdjustmentForDifferenceInExchangeOfSUNATAndSBSMember_lbl" xml:lang="en-US">Adjustment For Difference In Exchange Of S U N A T And S B S [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AdjustmentForDifferenceInExchangeOfSUNATAndSBSMember_lbl" xml:lang="en-US">Adjustment for difference in exchange of SUNAT and SBS [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DeferredAcquisitionsCostsDACMember" xlink:label="bap_DeferredAcquisitionsCostsDACMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DeferredAcquisitionsCostsDACMember" xlink:to="bap_DeferredAcquisitionsCostsDACMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DeferredAcquisitionsCostsDACMember_lbl" xml:lang="en-US">Deferred acquisitions costs - DAC</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DeferredAcquisitionsCostsDACMember_lbl" xml:lang="en-US">Deferred Acquisitions Costs D A C [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DeferredAcquisitionsCostsDACMember_lbl" xml:lang="en-US">Deferred acquisitions costs DAC [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_UnrealizedGainDueToValuationOfInvestmentsAtFairValueThroughOtherComprehensiveIncomeMember" xlink:label="bap_UnrealizedGainDueToValuationOfInvestmentsAtFairValueThroughOtherComprehensiveIncomeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_UnrealizedGainDueToValuationOfInvestmentsAtFairValueThroughOtherComprehensiveIncomeMember" xlink:to="bap_UnrealizedGainDueToValuationOfInvestmentsAtFairValueThroughOtherComprehensiveIncomeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_UnrealizedGainDueToValuationOfInvestmentsAtFairValueThroughOtherComprehensiveIncomeMember_lbl" xml:lang="en-US">Unrealized gain due to valuation of investments at fair value through other comprehensive income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_UnrealizedGainDueToValuationOfInvestmentsAtFairValueThroughOtherComprehensiveIncomeMember_lbl" xml:lang="en-US">Unrealized Gain Due To Valuation Of Investments At Fair Value Through Other Comprehensive Income [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_UnrealizedGainDueToValuationOfInvestmentsAtFairValueThroughOtherComprehensiveIncomeMember_lbl" xml:lang="en-US">Unrealized gain due to valuation of investments at fair value through other comprehensive income [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_UnrealizedGainInValuationOnFairValueHedgeDerivativesMember" xlink:label="bap_UnrealizedGainInValuationOnFairValueHedgeDerivativesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_UnrealizedGainInValuationOnFairValueHedgeDerivativesMember" xlink:to="bap_UnrealizedGainInValuationOnFairValueHedgeDerivativesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_UnrealizedGainInValuationOnFairValueHedgeDerivativesMember_lbl" xml:lang="en-US">Unrealized gain in valuation on fair value hedge derivatives</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_UnrealizedGainInValuationOnFairValueHedgeDerivativesMember_lbl" xml:lang="en-US">Unrealized Gain In Valuation On Fair Value Hedge Derivatives [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_UnrealizedGainInValuationOnFairValueHedgeDerivativesMember_lbl" xml:lang="en-US">Unrealized gain in valuation on fair value hedge derivatives [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FluctuationOfTheFairValueOfTheCoveredBondsMember" xlink:label="bap_FluctuationOfTheFairValueOfTheCoveredBondsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FluctuationOfTheFairValueOfTheCoveredBondsMember" xlink:to="bap_FluctuationOfTheFairValueOfTheCoveredBondsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FluctuationOfTheFairValueOfTheCoveredBondsMember_lbl" xml:lang="en-US">Fluctuation of the fair value of the covered bonds</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FluctuationOfTheFairValueOfTheCoveredBondsMember_lbl" xml:lang="en-US">Fluctuation Of The Fair Value Of The Covered Bonds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FluctuationOfTheFairValueOfTheCoveredBondsMember_lbl" xml:lang="en-US">Fluctuation of the fair value of the covered bonds [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_UnrealizedGainInValuationOnCashFlowHedgeDerivativesMember" xlink:label="bap_UnrealizedGainInValuationOnCashFlowHedgeDerivativesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_UnrealizedGainInValuationOnCashFlowHedgeDerivativesMember" xlink:to="bap_UnrealizedGainInValuationOnCashFlowHedgeDerivativesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_UnrealizedGainInValuationOnCashFlowHedgeDerivativesMember_lbl" xml:lang="en-US">Unrealized gain in valuation on cash flow hedge derivatives</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_UnrealizedGainInValuationOnCashFlowHedgeDerivativesMember_lbl" xml:lang="en-US">Unrealized Gain In Valuation On Cash Flow Hedge Derivatives [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_UnrealizedGainInValuationOnCashFlowHedgeDerivativesMember_lbl" xml:lang="en-US">Unrealized gain in valuation on cash flow hedge derivatives [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TechnicalReservesForPremiumsMember" xlink:label="bap_TechnicalReservesForPremiumsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TechnicalReservesForPremiumsMember" xlink:to="bap_TechnicalReservesForPremiumsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TechnicalReservesForPremiumsMember_lbl" xml:lang="en-US">Technical reserves for premiums</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TechnicalReservesForPremiumsMember_lbl" xml:lang="en-US">Technical Reserves For Premiums [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TechnicalReservesForPremiumsMember_lbl" xml:lang="en-US">Technical reserves for premiums [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BuildingsRevaluationMember" xlink:label="bap_BuildingsRevaluationMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BuildingsRevaluationMember" xlink:to="bap_BuildingsRevaluationMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BuildingsRevaluationMember_lbl" xml:lang="en-US">Buildings revaluation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BuildingsRevaluationMember_lbl" xml:lang="en-US">Buildings Revaluation [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BuildingsRevaluationMember_lbl" xml:lang="en-US">Buildings revaluation [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DeferredIncomeDueToCommissionDILMember" xlink:label="bap_DeferredIncomeDueToCommissionDILMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DeferredIncomeDueToCommissionDILMember" xlink:to="bap_DeferredIncomeDueToCommissionDILMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_DeferredIncomeDueToCommissionDILMember_lbl" xml:lang="en-US">Deferred income due to commission - DIL</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DeferredIncomeDueToCommissionDILMember_lbl" xml:lang="en-US">Deferred Income Due To Commission D I L [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DeferredIncomeDueToCommissionDILMember_lbl" xml:lang="en-US">Deferred income due to commission [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AllowanceForLoanLossesForInsuranceMember" xlink:label="bap_AllowanceForLoanLossesForInsuranceMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AllowanceForLoanLossesForInsuranceMember" xlink:to="bap_AllowanceForLoanLossesForInsuranceMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AllowanceForLoanLossesForInsuranceMember_lbl" xml:lang="en-US">Allowance for loan losses for insurance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AllowanceForLoanLossesForInsuranceMember_lbl" xml:lang="en-US">Allowance For Loan Losses For Insurance [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AllowanceForLoanLossesForInsuranceMember_lbl" xml:lang="en-US">Allowance for loan losses for insurance [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ProvisionOfProfitSharingMember" xlink:label="bap_ProvisionOfProfitSharingMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ProvisionOfProfitSharingMember" xlink:to="bap_ProvisionOfProfitSharingMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ProvisionOfProfitSharingMember_lbl" xml:lang="en-US">This member stands for provision of profit sharing.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ProvisionOfProfitSharingMember_lbl" xml:lang="en-US">Provision Of Profit Sharing [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ProvisionOfProfitSharingMember_lbl" xml:lang="en-US">Provision for profit sharing</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_GainGeneratedInTheReorganizationOfPacficoEPSMember" xlink:label="bap_GainGeneratedInTheReorganizationOfPacficoEPSMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_GainGeneratedInTheReorganizationOfPacficoEPSMember" xlink:to="bap_GainGeneratedInTheReorganizationOfPacficoEPSMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_GainGeneratedInTheReorganizationOfPacficoEPSMember_lbl" xml:lang="en-US">Gain generated in the reorganization of Pacfico EPS</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_GainGeneratedInTheReorganizationOfPacficoEPSMember_lbl" xml:lang="en-US">Gain Generated In The Reorganization Of Pacfico E P S [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_GainGeneratedInTheReorganizationOfPacficoEPSMember_lbl" xml:lang="en-US">Gain generated in the reorganization of Pacfico EPS [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CatastrophicInsuranceReserveMember" xlink:label="bap_CatastrophicInsuranceReserveMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CatastrophicInsuranceReserveMember" xlink:to="bap_CatastrophicInsuranceReserveMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CatastrophicInsuranceReserveMember_lbl" xml:lang="en-US">Catastrophic insurance reserve</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CatastrophicInsuranceReserveMember_lbl" xml:lang="en-US">Catastrophic Insurance Reserve [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CatastrophicInsuranceReserveMember_lbl" xml:lang="en-US">Catastrophic insurance reserve [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_LeasingOperationsRelatedToLoansMember" xlink:label="bap_LeasingOperationsRelatedToLoansMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_LeasingOperationsRelatedToLoansMember" xlink:to="bap_LeasingOperationsRelatedToLoansMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_LeasingOperationsRelatedToLoansMember_lbl" xml:lang="en-US">Leasing operations related to loans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_LeasingOperationsRelatedToLoansMember_lbl" xml:lang="en-US">Leasing Operations Related To Loans [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_LeasingOperationsRelatedToLoansMember_lbl" xml:lang="en-US">Leasing operations related to loans [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BancoDeCreditoDelPeruSAMember" xlink:label="bap_BancoDeCreditoDelPeruSAMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BancoDeCreditoDelPeruSAMember" xlink:to="bap_BancoDeCreditoDelPeruSAMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BancoDeCreditoDelPeruSAMember_lbl" xml:lang="en-US">Banco De Credito Del Peru S A [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BancoDeCreditoDelPeruSAMember_lbl" xml:lang="en-US">Banco de Crdito del Per</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TypeOfIncomeAxis" xlink:label="bap_TypeOfIncomeAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TypeOfIncomeAxis" xlink:to="bap_TypeOfIncomeAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TypeOfIncomeAxis_lbl" xml:lang="en-US">na</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TypeOfIncomeAxis_lbl" xml:lang="en-US">Type Of Income Axis</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TypeOfIncomeDomain" xlink:label="bap_TypeOfIncomeDomain" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TypeOfIncomeDomain" xlink:to="bap_TypeOfIncomeDomain_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_TypeOfIncomeDomain_lbl" xml:lang="en-US">na</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TypeOfIncomeDomain_lbl" xml:lang="en-US">Type Of Income [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TypeOfIncomeDomain_lbl" xml:lang="en-US">Type Of Income [Domain]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SemiIntegratedSystemMember" xlink:label="bap_SemiIntegratedSystemMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SemiIntegratedSystemMember" xlink:to="bap_SemiIntegratedSystemMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SemiIntegratedSystemMember_lbl" xml:lang="en-US">Semi Integrated System [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SemiIntegratedSystemMember_lbl" xml:lang="en-US">Partially integrated system [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_RechargeAndPaypalBusinessMember" xlink:label="bap_RechargeAndPaypalBusinessMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_RechargeAndPaypalBusinessMember" xlink:to="bap_RechargeAndPaypalBusinessMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_RechargeAndPaypalBusinessMember_lbl" xml:lang="en-US">This member stands for recharge and paypal business.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_RechargeAndPaypalBusinessMember_lbl" xml:lang="en-US">Recharge And Paypal Business [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_RechargeAndPaypalBusinessMember_lbl" xml:lang="en-US">Recharge and Paypal business</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AtlanticSecurityPrivateEquityGeneralPartnerMember" xlink:label="bap_AtlanticSecurityPrivateEquityGeneralPartnerMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AtlanticSecurityPrivateEquityGeneralPartnerMember" xlink:to="bap_AtlanticSecurityPrivateEquityGeneralPartnerMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AtlanticSecurityPrivateEquityGeneralPartnerMember_lbl" xml:lang="en-US">This member stands for Atlantic Security Private Equity General Partner.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AtlanticSecurityPrivateEquityGeneralPartnerMember_lbl" xml:lang="en-US">Atlantic Security Private Equity General Partner [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AtlanticSecurityPrivateEquityGeneralPartnerMember_lbl" xml:lang="en-US">Atlantic Security Private Equity General Partner</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BancoDeCrditoDeBoliviaMember" xlink:label="bap_BancoDeCrditoDeBoliviaMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BancoDeCrditoDeBoliviaMember" xlink:to="bap_BancoDeCrditoDeBoliviaMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BancoDeCrditoDeBoliviaMember_lbl" xml:lang="en-US">This member stands for Banco de Crdito de Bolivia.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BancoDeCrditoDeBoliviaMember_lbl" xml:lang="en-US">Banco De Crdito De Bolivia [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BancoDeCrditoDeBoliviaMember_lbl" xml:lang="en-US">Banco de Crdito de Bolivia</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DeutscheBankMember" xlink:label="bap_DeutscheBankMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DeutscheBankMember" xlink:to="bap_DeutscheBankMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DeutscheBankMember_lbl" xml:lang="en-US">Deutsche Bank [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DeutscheBankMember_lbl" xml:lang="en-US">Deutsche Bank</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ConectaCnsS.aMember" xlink:label="bap_ConectaCnsS.aMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ConectaCnsS.aMember" xlink:to="bap_ConectaCnsS.aMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ConectaCnsS.aMember_lbl" xml:lang="en-US">This member stands for Conecta CNS S.A.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ConectaCnsS.aMember_lbl" xml:lang="en-US">Conecta Cns S.a [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ConectaCnsS.aMember_lbl" xml:lang="en-US">Conecta CNS S.A</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_JsOrnamentalPeruvianFishEirlMember" xlink:label="bap_JsOrnamentalPeruvianFishEirlMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_JsOrnamentalPeruvianFishEirlMember" xlink:to="bap_JsOrnamentalPeruvianFishEirlMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_JsOrnamentalPeruvianFishEirlMember_lbl" xml:lang="en-US">This member stands for JS Ornamental Peruvian Fish EIRL.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_JsOrnamentalPeruvianFishEirlMember_lbl" xml:lang="en-US">Js Ornamental Peruvian Fish Eirl [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_JsOrnamentalPeruvianFishEirlMember_lbl" xml:lang="en-US">JS Ornamental Peruvian Fish EIRL</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_GsPerLoansHoldingsLtdMember" xlink:label="bap_GsPerLoansHoldingsLtdMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_GsPerLoansHoldingsLtdMember" xlink:to="bap_GsPerLoansHoldingsLtdMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_GsPerLoansHoldingsLtdMember_lbl" xml:lang="en-US">This member stands for GS Per Loans Holdings LTD.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_GsPerLoansHoldingsLtdMember_lbl" xml:lang="en-US">Gs Per Loans Holdings Ltd [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_GsPerLoansHoldingsLtdMember_lbl" xml:lang="en-US">GS Per Loans Holdings LTD</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AdministradoraDelComercioSaMember" xlink:label="bap_AdministradoraDelComercioSaMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AdministradoraDelComercioSaMember" xlink:to="bap_AdministradoraDelComercioSaMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_AdministradoraDelComercioSaMember_lbl" xml:lang="en-US">This member stands for Administradora del Comercio SA.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AdministradoraDelComercioSaMember_lbl" xml:lang="en-US">Administradora Del Comercio Sa [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AdministradoraDelComercioSaMember_lbl" xml:lang="en-US">Administradora del Comercio SA</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SystemCobroPerSacMember" xlink:label="bap_SystemCobroPerSacMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SystemCobroPerSacMember" xlink:to="bap_SystemCobroPerSacMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_SystemCobroPerSacMember_lbl" xml:lang="en-US">This member stands for System Cobro Per SAC.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SystemCobroPerSacMember_lbl" xml:lang="en-US">System Cobro Per Sac [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SystemCobroPerSacMember_lbl" xml:lang="en-US">System Cobro Per SAC</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FourCapitalSacMember" xlink:label="bap_FourCapitalSacMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FourCapitalSacMember" xlink:to="bap_FourCapitalSacMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_FourCapitalSacMember_lbl" xml:lang="en-US">This member stands for Four Capital SAC.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FourCapitalSacMember_lbl" xml:lang="en-US">Four Capital Sac [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FourCapitalSacMember_lbl" xml:lang="en-US">Four Capital SAC</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_EmpresaDeRecaudacinSacMember" xlink:label="bap_EmpresaDeRecaudacinSacMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_EmpresaDeRecaudacinSacMember" xlink:to="bap_EmpresaDeRecaudacinSacMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_EmpresaDeRecaudacinSacMember_lbl" xml:lang="en-US">This member stands for Empresa de Recaudacin SAC.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_EmpresaDeRecaudacinSacMember_lbl" xml:lang="en-US">Empresa De Recaudacin Sac [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_EmpresaDeRecaudacinSacMember_lbl" xml:lang="en-US">Empresa de Recaudacin SAC</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OperatingSegmentsMember" xlink:label="ifrs-full_OperatingSegmentsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OperatingSegmentsMember" xlink:to="ifrs-full_OperatingSegmentsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OperatingSegmentsMember_lbl" xml:lang="en-US">Operating Segments [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OperatingSegmentsMember_lbl" xml:lang="en-US">Operating segments [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_SegmentsAxis" xlink:label="ifrs-full_SegmentsAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SegmentsAxis" xlink:to="ifrs-full_SegmentsAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SegmentsAxis_lbl" xml:lang="en-US">Segments [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_SegmentsMember" xlink:label="ifrs-full_SegmentsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SegmentsMember" xlink:to="ifrs-full_SegmentsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SegmentsMember_lbl" xml:lang="en-US">Segments [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_SegmentsMember_lbl" xml:lang="en-US">Segments [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_UniversalBankingBancoDeCrditoDelPeruMember" xlink:label="bap_UniversalBankingBancoDeCrditoDelPeruMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_UniversalBankingBancoDeCrditoDelPeruMember" xlink:to="bap_UniversalBankingBancoDeCrditoDelPeruMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_UniversalBankingBancoDeCrditoDelPeruMember_lbl" xml:lang="en-US">Universal Banking Banco De Crdito Del Peru [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_UniversalBankingBancoDeCrditoDelPeruMember_lbl" xml:lang="en-US">Universal Banking Banco de Crdito del Peru [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_UniversalBankingBancoDeCreditoDeBoliviaMember" xlink:label="bap_UniversalBankingBancoDeCreditoDeBoliviaMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_UniversalBankingBancoDeCreditoDeBoliviaMember" xlink:to="bap_UniversalBankingBancoDeCreditoDeBoliviaMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_UniversalBankingBancoDeCreditoDeBoliviaMember_lbl" xml:lang="en-US">Universal Banking Banco De Credito De Bolivia [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_UniversalBankingBancoDeCreditoDeBoliviaMember_lbl" xml:lang="en-US">Universal Banking Banco de Credito de Bolivia [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InsuranceAndPensionFundsPacificoSegurosAndSubsidiariesMember" xlink:label="bap_InsuranceAndPensionFundsPacificoSegurosAndSubsidiariesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InsuranceAndPensionFundsPacificoSegurosAndSubsidiariesMember" xlink:to="bap_InsuranceAndPensionFundsPacificoSegurosAndSubsidiariesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InsuranceAndPensionFundsPacificoSegurosAndSubsidiariesMember_lbl" xml:lang="en-US">Insurance And Pension Funds Pacifico Seguros And Subsidiaries [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InsuranceAndPensionFundsPacificoSegurosAndSubsidiariesMember_lbl" xml:lang="en-US">Insurance And Pension Funds Pacifico Seguros And Subsidiaries [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InsuranceAndPensionFundsPrimaAfpMember" xlink:label="bap_InsuranceAndPensionFundsPrimaAfpMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InsuranceAndPensionFundsPrimaAfpMember" xlink:to="bap_InsuranceAndPensionFundsPrimaAfpMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InsuranceAndPensionFundsPrimaAfpMember_lbl" xml:lang="en-US">Insurance And Pension Funds Prima Afp [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InsuranceAndPensionFundsPrimaAfpMember_lbl" xml:lang="en-US">Insurance And Pension Funds Prima AFP [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MicrofinanceMibancoMember" xlink:label="bap_MicrofinanceMibancoMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MicrofinanceMibancoMember" xlink:to="bap_MicrofinanceMibancoMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MicrofinanceMibancoMember_lbl" xml:lang="en-US">Microfinance Mibanco [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MicrofinanceMibancoMember_lbl" xml:lang="en-US">Microfinance Mibanco [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MicrofinanceMibancoColombiaMember" xlink:label="bap_MicrofinanceMibancoColombiaMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MicrofinanceMibancoColombiaMember" xlink:to="bap_MicrofinanceMibancoColombiaMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_MicrofinanceMibancoColombiaMember_lbl" xml:lang="en-US">This member stands for Microfinance Mibanco Colombia.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MicrofinanceMibancoColombiaMember_lbl" xml:lang="en-US">Microfinance Mibanco Colombia [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MicrofinanceMibancoColombiaMember_lbl" xml:lang="en-US">Mibanco Colombia</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MicrofinanceEdyficasSASMember" xlink:label="bap_MicrofinanceEdyficasSASMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MicrofinanceEdyficasSASMember" xlink:to="bap_MicrofinanceEdyficasSASMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MicrofinanceEdyficasSASMember_lbl" xml:lang="en-US">Microfinance Edyficas S A S [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MicrofinanceEdyficasSASMember_lbl" xml:lang="en-US">Microfinance Edyficas SAS [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InvestmentsBankingSegmentMember" xlink:label="bap_InvestmentsBankingSegmentMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InvestmentsBankingSegmentMember" xlink:to="bap_InvestmentsBankingSegmentMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InvestmentsBankingSegmentMember_lbl" xml:lang="en-US">Investments Banking Segment [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InvestmentsBankingSegmentMember_lbl" xml:lang="en-US">Investment Banking and Wealth Management [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AllOtherSegmentsMember" xlink:label="ifrs-full_AllOtherSegmentsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AllOtherSegmentsMember" xlink:to="ifrs-full_AllOtherSegmentsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AllOtherSegmentsMember_lbl" xml:lang="en-US">All Other Segments [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AllOtherSegmentsMember_lbl" xml:lang="en-US">Other segments [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BermudaCountryMember" xlink:label="bap_BermudaCountryMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BermudaCountryMember" xlink:to="bap_BermudaCountryMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BermudaCountryMember_lbl" xml:lang="en-US">Bermuda Country [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BermudaCountryMember_lbl" xml:lang="en-US">Bermuda Country [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_PanamaCountryMember" xlink:label="bap_PanamaCountryMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_PanamaCountryMember" xlink:to="bap_PanamaCountryMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_PanamaCountryMember_lbl" xml:lang="en-US">Panama Country [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_PanamaCountryMember_lbl" xml:lang="en-US">Panama [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CaymanIslandsCountryMember" xlink:label="bap_CaymanIslandsCountryMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CaymanIslandsCountryMember" xlink:to="bap_CaymanIslandsCountryMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CaymanIslandsCountryMember_lbl" xml:lang="en-US">Cayman Islands Country [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CaymanIslandsCountryMember_lbl" xml:lang="en-US">Cayman Islands [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MutualFundsUsDollarsMember" xlink:label="bap_MutualFundsUsDollarsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MutualFundsUsDollarsMember" xlink:to="bap_MutualFundsUsDollarsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MutualFundsUsDollarsMember_lbl" xml:lang="en-US">Mutual Funds Us Dollars [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MutualFundsUsDollarsMember_lbl" xml:lang="en-US">Mutual funds - U.S. dollars [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MutualFundsBolivianosMember" xlink:label="bap_MutualFundsBolivianosMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MutualFundsBolivianosMember" xlink:to="bap_MutualFundsBolivianosMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MutualFundsBolivianosMember_lbl" xml:lang="en-US">Mutual Funds Bolivianos [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MutualFundsBolivianosMember_lbl" xml:lang="en-US">Mutual funds - Bolivianos [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MutualFundsSolesMember" xlink:label="bap_MutualFundsSolesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MutualFundsSolesMember" xlink:to="bap_MutualFundsSolesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MutualFundsSolesMember_lbl" xml:lang="en-US">Mutual Funds Soles [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MutualFundsSolesMember_lbl" xml:lang="en-US">Mutual funds - Soles [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MutualFundsColombianPesosMember" xlink:label="bap_MutualFundsColombianPesosMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MutualFundsColombianPesosMember" xlink:to="bap_MutualFundsColombianPesosMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MutualFundsColombianPesosMember_lbl" xml:lang="en-US">Mutual Funds Colombian Pesos [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MutualFundsColombianPesosMember_lbl" xml:lang="en-US">Mutual funds - Colombian pesos [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MutualFundsChileanPesosMember" xlink:label="bap_MutualFundsChileanPesosMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MutualFundsChileanPesosMember" xlink:to="bap_MutualFundsChileanPesosMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MutualFundsChileanPesosMember_lbl" xml:lang="en-US">Mutual Funds Chilean Pesos [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MutualFundsChileanPesosMember_lbl" xml:lang="en-US">Mutual funds - Chilean pesos [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CementosPacasmayoS.aMember" xlink:label="bap_CementosPacasmayoS.aMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CementosPacasmayoS.aMember" xlink:to="bap_CementosPacasmayoS.aMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_CementosPacasmayoS.aMember_lbl" xml:lang="en-US">This member stands for Cementos Pacasmayo S.A.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CementosPacasmayoS.aMember_lbl" xml:lang="en-US">Cementos Pacasmayo S.a [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CementosPacasmayoS.aMember_lbl" xml:lang="en-US">Cementos Pacasmayo S.A</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityInvestmentsMember" xlink:label="ifrs-full_EquityInvestmentsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityInvestmentsMember" xlink:to="ifrs-full_EquityInvestmentsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityInvestmentsMember_lbl" xml:lang="en-US">Equity Investments [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EquityInvestmentsMember_lbl" xml:lang="en-US">Investments in shares</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DebtSecuritiesMember" xlink:label="ifrs-full_DebtSecuritiesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DebtSecuritiesMember" xlink:to="ifrs-full_DebtSecuritiesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DebtSecuritiesMember_lbl" xml:lang="en-US">Debt Securities [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DebtSecuritiesMember_lbl" xml:lang="en-US">Investments in bonds</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionCategoryMember" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionCategoryMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionCategoryMember" xlink:to="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionCategoryMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionCategoryMember_lbl" xml:lang="en-US">Financial Assets At Fair Value Through Profit Or Loss Designated Upon Initial Recognition Category [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionCategoryMember_lbl" xml:lang="en-US">Designated at inception</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InvestmentsInEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" xlink:label="ifrs-full_InvestmentsInEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentsInEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" xlink:to="ifrs-full_InvestmentsInEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InvestmentsInEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember_lbl" xml:lang="en-US">Investments In Equity Instruments Measured At Fair Value Through Other Comprehensive Income [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InvestmentsInEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember_lbl" xml:lang="en-US">At fair value through other comprehensive income (Debt instruments)</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FinancialAssetsAndLiabilitiesAtAmortisedCostCategoryMember" xlink:label="bap_FinancialAssetsAndLiabilitiesAtAmortisedCostCategoryMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FinancialAssetsAndLiabilitiesAtAmortisedCostCategoryMember" xlink:to="bap_FinancialAssetsAndLiabilitiesAtAmortisedCostCategoryMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FinancialAssetsAndLiabilitiesAtAmortisedCostCategoryMember_lbl" xml:lang="en-US">Financial Assets And Liabilities At Amortised Cost Category [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FinancialAssetsAndLiabilitiesAtAmortisedCostCategoryMember_lbl" xml:lang="en-US">Financial Assets And Liabilities At Amortised Cost Category [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CategoriesOfFinancialPositionMember" xlink:label="bap_CategoriesOfFinancialPositionMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CategoriesOfFinancialPositionMember" xlink:to="bap_CategoriesOfFinancialPositionMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CategoriesOfFinancialPositionMember_lbl" xml:lang="en-US">Categories Of Financial Position [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CategoriesOfFinancialPositionMember_lbl" xml:lang="en-US">Categories of Financial Position [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FinancialServicesMember" xlink:label="bap_FinancialServicesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FinancialServicesMember" xlink:to="bap_FinancialServicesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FinancialServicesMember_lbl" xml:lang="en-US">Financial Services [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FinancialServicesMember_lbl" xml:lang="en-US">Financial services [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CommerceMember" xlink:label="bap_CommerceMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CommerceMember" xlink:to="bap_CommerceMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CommerceMember_lbl" xml:lang="en-US">Commerce [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CommerceMember_lbl" xml:lang="en-US">Commerce [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ManufacturingMember" xlink:label="bap_ManufacturingMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ManufacturingMember" xlink:to="bap_ManufacturingMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ManufacturingMember_lbl" xml:lang="en-US">Manufacturing [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ManufacturingMember_lbl" xml:lang="en-US">Manufacturing [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_GovernmentAndPublicAdministrationMember" xlink:label="bap_GovernmentAndPublicAdministrationMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_GovernmentAndPublicAdministrationMember" xlink:to="bap_GovernmentAndPublicAdministrationMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_GovernmentAndPublicAdministrationMember_lbl" xml:lang="en-US">Government And Public Administration [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_GovernmentAndPublicAdministrationMember_lbl" xml:lang="en-US">Government and public administration [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MortgageLoansMember" xlink:label="bap_MortgageLoansMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MortgageLoansMember" xlink:to="bap_MortgageLoansMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MortgageLoansMember_lbl" xml:lang="en-US">Mortgage Loans [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MortgageLoansMember_lbl" xml:lang="en-US">Mortgage loans [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_RealEstateAndLeasingMember" xlink:label="bap_RealEstateAndLeasingMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_RealEstateAndLeasingMember" xlink:to="bap_RealEstateAndLeasingMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_RealEstateAndLeasingMember_lbl" xml:lang="en-US">Real Estate And Leasing [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_RealEstateAndLeasingMember_lbl" xml:lang="en-US">Real Estate and Leasing [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CommunicationsStorageAndTransportationMember" xlink:label="bap_CommunicationsStorageAndTransportationMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CommunicationsStorageAndTransportationMember" xlink:to="bap_CommunicationsStorageAndTransportationMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CommunicationsStorageAndTransportationMember_lbl" xml:lang="en-US">Communications Storage And Transportation [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CommunicationsStorageAndTransportationMember_lbl" xml:lang="en-US">Communications, storage and transportation [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CommunityServicesMember" xlink:label="bap_CommunityServicesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CommunityServicesMember" xlink:to="bap_CommunityServicesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CommunityServicesMember_lbl" xml:lang="en-US">Community Services [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CommunityServicesMember_lbl" xml:lang="en-US">Community services [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ElectricityGasAndWaterMember" xlink:label="bap_ElectricityGasAndWaterMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ElectricityGasAndWaterMember" xlink:to="bap_ElectricityGasAndWaterMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ElectricityGasAndWaterMember_lbl" xml:lang="en-US">Electricity Gas And Water [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ElectricityGasAndWaterMember_lbl" xml:lang="en-US">Electricity, gas and water [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ConstructionsMember" xlink:label="bap_ConstructionsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ConstructionsMember" xlink:to="bap_ConstructionsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ConstructionsMember_lbl" xml:lang="en-US">Constructions [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ConstructionsMember_lbl" xml:lang="en-US">Construction [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AgricultureMember" xlink:label="bap_AgricultureMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AgricultureMember" xlink:to="bap_AgricultureMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AgricultureMember_lbl" xml:lang="en-US">Agriculture [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AgricultureMember_lbl" xml:lang="en-US">Agriculture [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MiningMember" xlink:label="bap_MiningMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MiningMember" xlink:to="bap_MiningMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MiningMember_lbl" xml:lang="en-US">Mining [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MiningMember_lbl" xml:lang="en-US">Mining [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_EducationHealthAndOtherServicesMember" xlink:label="bap_EducationHealthAndOtherServicesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_EducationHealthAndOtherServicesMember" xlink:to="bap_EducationHealthAndOtherServicesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_EducationHealthAndOtherServicesMember_lbl" xml:lang="en-US">Education Health And Other Services [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_EducationHealthAndOtherServicesMember_lbl" xml:lang="en-US">Education, health and other services [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_HotelsAndRestaurantsMember" xlink:label="bap_HotelsAndRestaurantsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_HotelsAndRestaurantsMember" xlink:to="bap_HotelsAndRestaurantsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_HotelsAndRestaurantsMember_lbl" xml:lang="en-US">This member stands for hotels and restaurants.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_HotelsAndRestaurantsMember_lbl" xml:lang="en-US">Hotels And Restaurants [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_HotelsAndRestaurantsMember_lbl" xml:lang="en-US">Hotels and restaurants [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FishingMember" xlink:label="bap_FishingMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FishingMember" xlink:to="bap_FishingMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FishingMember_lbl" xml:lang="en-US">Fishing [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FishingMember_lbl" xml:lang="en-US">Fishing [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FinancialInstrumentsWithExposureToCreditRiskMember" xlink:label="bap_FinancialInstrumentsWithExposureToCreditRiskMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FinancialInstrumentsWithExposureToCreditRiskMember" xlink:to="bap_FinancialInstrumentsWithExposureToCreditRiskMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FinancialInstrumentsWithExposureToCreditRiskMember_lbl" xml:lang="en-US">Financial Instruments With Exposure To Credit Risk [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FinancialInstrumentsWithExposureToCreditRiskMember_lbl" xml:lang="en-US">Financial instruments with exposure to credit risk [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingAndHedgingMember" xlink:label="bap_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingAndHedgingMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingAndHedgingMember" xlink:to="bap_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingAndHedgingMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingAndHedgingMember_lbl" xml:lang="en-US">Financial Assets At Fair Value Through Profit Or Loss Classified As Held For Trading And Hedging [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingAndHedgingMember_lbl" xml:lang="en-US">Held for trading and hedging [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_StatementGeographicalAxis" xlink:label="srt_StatementGeographicalAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_StatementGeographicalAxis" xlink:to="srt_StatementGeographicalAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_StatementGeographicalAxis_lbl" xml:lang="en-US">Geographical [Axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_SegmentGeographicalDomain" xlink:label="srt_SegmentGeographicalDomain" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_SegmentGeographicalDomain" xlink:to="srt_SegmentGeographicalDomain_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_SegmentGeographicalDomain_lbl" xml:lang="en-US">Segment Geographical [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_SegmentGeographicalDomain_lbl" xml:lang="en-US">Geographical [Domain]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BrazilCountryMember" xlink:label="bap_BrazilCountryMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BrazilCountryMember" xlink:to="bap_BrazilCountryMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BrazilCountryMember_lbl" xml:lang="en-US">Brazil Country [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BrazilCountryMember_lbl" xml:lang="en-US">Brazil [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MexicoCountryMember" xlink:label="bap_MexicoCountryMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MexicoCountryMember" xlink:to="bap_MexicoCountryMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MexicoCountryMember_lbl" xml:lang="en-US">Mexico Country [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MexicoCountryMember_lbl" xml:lang="en-US">Mexico [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CanadaCountryMember" xlink:label="bap_CanadaCountryMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CanadaCountryMember" xlink:to="bap_CanadaCountryMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CanadaCountryMember_lbl" xml:lang="en-US">Canada Country [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CanadaCountryMember_lbl" xml:lang="en-US">Canada [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_FranceCountryMember" xlink:label="bap_FranceCountryMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_FranceCountryMember" xlink:to="bap_FranceCountryMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_FranceCountryMember_lbl" xml:lang="en-US">France Country [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_FranceCountryMember_lbl" xml:lang="en-US">France [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherInEuropeMember" xlink:label="bap_OtherInEuropeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherInEuropeMember" xlink:to="bap_OtherInEuropeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherInEuropeMember_lbl" xml:lang="en-US">Other In Europe [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_OtherInEuropeMember_lbl" xml:lang="en-US">Other in Europe [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_UntedKingdomMember" xlink:label="bap_UntedKingdomMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_UntedKingdomMember" xlink:to="bap_UntedKingdomMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_UntedKingdomMember_lbl" xml:lang="en-US">Unted Kingdom [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_UntedKingdomMember_lbl" xml:lang="en-US">Unted Kingdom [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SpainCountryMember" xlink:label="bap_SpainCountryMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SpainCountryMember" xlink:to="bap_SpainCountryMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SpainCountryMember_lbl" xml:lang="en-US">Spain Country [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SpainCountryMember_lbl" xml:lang="en-US">Spain [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_SwitzerlandCountryMember" xlink:label="bap_SwitzerlandCountryMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_SwitzerlandCountryMember" xlink:to="bap_SwitzerlandCountryMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_SwitzerlandCountryMember_lbl" xml:lang="en-US">Switzerland Country [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_SwitzerlandCountryMember_lbl" xml:lang="en-US">Switzerland [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_TheNetherlandsCountryMember" xlink:label="bap_TheNetherlandsCountryMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_TheNetherlandsCountryMember" xlink:to="bap_TheNetherlandsCountryMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_TheNetherlandsCountryMember_lbl" xml:lang="en-US">The Netherlands Country [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_TheNetherlandsCountryMember_lbl" xml:lang="en-US">The Netherlands [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MultilateralOrganizationsMember" xlink:label="bap_MultilateralOrganizationsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MultilateralOrganizationsMember" xlink:to="bap_MultilateralOrganizationsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_MultilateralOrganizationsMember_lbl" xml:lang="en-US">This member stands for multilateral organizations.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MultilateralOrganizationsMember_lbl" xml:lang="en-US">Multilateral Organizations [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MultilateralOrganizationsMember_lbl" xml:lang="en-US">Multilateral Organizations [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_OtherCountryMember" xlink:label="bap_OtherCountryMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_OtherCountryMember" xlink:to="bap_OtherCountryMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_OtherCountryMember_lbl" xml:lang="en-US">Other Country [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_OtherCountryMember_lbl" xml:lang="en-US">Other [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_EquitySecuritiesAt10PercentChangeMember" xlink:label="bap_EquitySecuritiesAt10PercentChangeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_EquitySecuritiesAt10PercentChangeMember" xlink:to="bap_EquitySecuritiesAt10PercentChangeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_EquitySecuritiesAt10PercentChangeMember_lbl" xml:lang="en-US">Equity Securities At10 Percent Change [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_EquitySecuritiesAt10PercentChangeMember_lbl" xml:lang="en-US">Equity securities at 10 percent change [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_EquitySecuritiesAt25PercentChangeMember" xlink:label="bap_EquitySecuritiesAt25PercentChangeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_EquitySecuritiesAt25PercentChangeMember" xlink:to="bap_EquitySecuritiesAt25PercentChangeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_EquitySecuritiesAt25PercentChangeMember_lbl" xml:lang="en-US">Equity Securities At25 Percent Change [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_EquitySecuritiesAt25PercentChangeMember_lbl" xml:lang="en-US">Equity securities at 25 percent change [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_EquitySecuritiesAt30PercentChangeMember" xlink:label="bap_EquitySecuritiesAt30PercentChangeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_EquitySecuritiesAt30PercentChangeMember" xlink:to="bap_EquitySecuritiesAt30PercentChangeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_EquitySecuritiesAt30PercentChangeMember_lbl" xml:lang="en-US">Equity Securities At30 Percent Change [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_EquitySecuritiesAt30PercentChangeMember_lbl" xml:lang="en-US">Equity securities at 30 percent change [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MutualFundsAt10PercentChangeMember" xlink:label="bap_MutualFundsAt10PercentChangeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MutualFundsAt10PercentChangeMember" xlink:to="bap_MutualFundsAt10PercentChangeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MutualFundsAt10PercentChangeMember_lbl" xml:lang="en-US">Mutual Funds At10 Percent Change [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MutualFundsAt10PercentChangeMember_lbl" xml:lang="en-US">Participation in Mutual Funds at 10 percent change [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MutualFundsAt25PercentChangeMember" xlink:label="bap_MutualFundsAt25PercentChangeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MutualFundsAt25PercentChangeMember" xlink:to="bap_MutualFundsAt25PercentChangeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MutualFundsAt25PercentChangeMember_lbl" xml:lang="en-US">Mutual Funds At25 Percent Change [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MutualFundsAt25PercentChangeMember_lbl" xml:lang="en-US">Participation in Mutual Funds at 25 percent change [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MutualFundsAt30PercentChangeMember" xlink:label="bap_MutualFundsAt30PercentChangeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MutualFundsAt30PercentChangeMember" xlink:to="bap_MutualFundsAt30PercentChangeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MutualFundsAt30PercentChangeMember_lbl" xml:lang="en-US">Mutual Funds At30 Percent Change [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MutualFundsAt30PercentChangeMember_lbl" xml:lang="en-US">Participation in Mutual Funds at 30 percent change [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_RestrictedMutualFundsAt10PercentChangeMemberMember" xlink:label="bap_RestrictedMutualFundsAt10PercentChangeMemberMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_RestrictedMutualFundsAt10PercentChangeMemberMember" xlink:to="bap_RestrictedMutualFundsAt10PercentChangeMemberMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_RestrictedMutualFundsAt10PercentChangeMemberMember_lbl" xml:lang="en-US">Restricted Mutual Funds At10 Percent Change Member [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_RestrictedMutualFundsAt10PercentChangeMemberMember_lbl" xml:lang="en-US">Restricted mutual funds at 10 percent change [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_RestrictedMutualFundsAt25PercentChangeMemberMember" xlink:label="bap_RestrictedMutualFundsAt25PercentChangeMemberMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_RestrictedMutualFundsAt25PercentChangeMemberMember" xlink:to="bap_RestrictedMutualFundsAt25PercentChangeMemberMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_RestrictedMutualFundsAt25PercentChangeMemberMember_lbl" xml:lang="en-US">Restricted Mutual Funds At25 Percent Change Member [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_RestrictedMutualFundsAt25PercentChangeMemberMember_lbl" xml:lang="en-US">Restricted mutual funds at 25 percent change [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_RestrictedMutualFundsAt30PercentChangeMemberMember" xlink:label="bap_RestrictedMutualFundsAt30PercentChangeMemberMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_RestrictedMutualFundsAt30PercentChangeMemberMember" xlink:to="bap_RestrictedMutualFundsAt30PercentChangeMemberMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_RestrictedMutualFundsAt30PercentChangeMemberMember_lbl" xml:lang="en-US">Restricted Mutual Funds At30 Percent Change Member [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_RestrictedMutualFundsAt30PercentChangeMemberMember_lbl" xml:lang="en-US">Restricted mutual funds at 30 percent change [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ParticipationInRALFundsAt10PercentChangeMemberMember" xlink:label="bap_ParticipationInRALFundsAt10PercentChangeMemberMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ParticipationInRALFundsAt10PercentChangeMemberMember" xlink:to="bap_ParticipationInRALFundsAt10PercentChangeMemberMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ParticipationInRALFundsAt10PercentChangeMemberMember_lbl" xml:lang="en-US">Participation In R A L Funds At10 Percent Change Member [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ParticipationInRALFundsAt10PercentChangeMemberMember_lbl" xml:lang="en-US">Participation in RAL funds at 10 percent change [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ParticipationInRALFundsAt25PercentChangeMemberMemberMember" xlink:label="bap_ParticipationInRALFundsAt25PercentChangeMemberMemberMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ParticipationInRALFundsAt25PercentChangeMemberMemberMember" xlink:to="bap_ParticipationInRALFundsAt25PercentChangeMemberMemberMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ParticipationInRALFundsAt25PercentChangeMemberMemberMember_lbl" xml:lang="en-US">Participation In R A L Funds At25 Percent Change Member Member [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ParticipationInRALFundsAt25PercentChangeMemberMemberMember_lbl" xml:lang="en-US">Participation in RAL funds at 25 percent change [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ParticipationInRALFundsAt30PercentChangeMemberMemberMember" xlink:label="bap_ParticipationInRALFundsAt30PercentChangeMemberMemberMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ParticipationInRALFundsAt30PercentChangeMemberMemberMember" xlink:to="bap_ParticipationInRALFundsAt30PercentChangeMemberMemberMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ParticipationInRALFundsAt30PercentChangeMemberMemberMember_lbl" xml:lang="en-US">Participation In R A L Funds At30 Percent Change Member Member [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ParticipationInRALFundsAt30PercentChangeMemberMemberMember_lbl" xml:lang="en-US">Participation in RAL funds at 30 percent change [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InvestmentFundsAt10PercentChangeMember" xlink:label="bap_InvestmentFundsAt10PercentChangeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InvestmentFundsAt10PercentChangeMember" xlink:to="bap_InvestmentFundsAt10PercentChangeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InvestmentFundsAt10PercentChangeMember_lbl" xml:lang="en-US">Investment Funds At10 Percent Change [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InvestmentFundsAt10PercentChangeMember_lbl" xml:lang="en-US">Investment funds at 10 percent change [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InvestmentFundsAt25PercentChangeMember" xlink:label="bap_InvestmentFundsAt25PercentChangeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InvestmentFundsAt25PercentChangeMember" xlink:to="bap_InvestmentFundsAt25PercentChangeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InvestmentFundsAt25PercentChangeMember_lbl" xml:lang="en-US">Investment Funds At25 Percent Change [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InvestmentFundsAt25PercentChangeMember_lbl" xml:lang="en-US">Investment funds at 25 percent change [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InvestmentFundsAt30PercentChangeMember" xlink:label="bap_InvestmentFundsAt30PercentChangeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InvestmentFundsAt30PercentChangeMember" xlink:to="bap_InvestmentFundsAt30PercentChangeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InvestmentFundsAt30PercentChangeMember_lbl" xml:lang="en-US">Investment Funds At30 Percent Change [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InvestmentFundsAt30PercentChangeMember_lbl" xml:lang="en-US">Investment funds at 30 percent change [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_HedgeFundsAt10PercentChangeMember" xlink:label="bap_HedgeFundsAt10PercentChangeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_HedgeFundsAt10PercentChangeMember" xlink:to="bap_HedgeFundsAt10PercentChangeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_HedgeFundsAt10PercentChangeMember_lbl" xml:lang="en-US">Hedge Funds At10 Percent Change [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_HedgeFundsAt10PercentChangeMember_lbl" xml:lang="en-US">Hedge Funds at 10 percent change [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_HedgeFundsAt25PercentChangeMember" xlink:label="bap_HedgeFundsAt25PercentChangeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_HedgeFundsAt25PercentChangeMember" xlink:to="bap_HedgeFundsAt25PercentChangeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_HedgeFundsAt25PercentChangeMember_lbl" xml:lang="en-US">Hedge Funds At25 Percent Change [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_HedgeFundsAt25PercentChangeMember_lbl" xml:lang="en-US">Hedge Funds at 25 percent change [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_HedgeFundsAt30PercentChangeMember" xlink:label="bap_HedgeFundsAt30PercentChangeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_HedgeFundsAt30PercentChangeMember" xlink:to="bap_HedgeFundsAt30PercentChangeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_HedgeFundsAt30PercentChangeMember_lbl" xml:lang="en-US">Hedge Funds At30 Percent Change [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_HedgeFundsAt30PercentChangeMember_lbl" xml:lang="en-US">Hedge Funds at 30 percent change [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ExchangeTradeFundsAt10PercentChangeMember" xlink:label="bap_ExchangeTradeFundsAt10PercentChangeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ExchangeTradeFundsAt10PercentChangeMember" xlink:to="bap_ExchangeTradeFundsAt10PercentChangeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ExchangeTradeFundsAt10PercentChangeMember_lbl" xml:lang="en-US">Exchange Trade Funds at 10 Percent Change [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ExchangeTradeFundsAt10PercentChangeMember_lbl" xml:lang="en-US">Exchange Trade Funds At10 Percent Change [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ExchangeTradeFundsAt10PercentChangeMember_lbl" xml:lang="en-US">Exchange Trade Funds at 10 percent change</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ExchangeTradeFundsAt25PercentChangeMember" xlink:label="bap_ExchangeTradeFundsAt25PercentChangeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ExchangeTradeFundsAt25PercentChangeMember" xlink:to="bap_ExchangeTradeFundsAt25PercentChangeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ExchangeTradeFundsAt25PercentChangeMember_lbl" xml:lang="en-US">Exchange Trade Funds at 25 Percent Change [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ExchangeTradeFundsAt25PercentChangeMember_lbl" xml:lang="en-US">Exchange Trade Funds At25 Percent Change [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ExchangeTradeFundsAt25PercentChangeMember_lbl" xml:lang="en-US">Exchange Trade Funds at 25 percent change</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ExchangeTradeFundsAt30PercentChangeMember" xlink:label="bap_ExchangeTradeFundsAt30PercentChangeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ExchangeTradeFundsAt30PercentChangeMember" xlink:to="bap_ExchangeTradeFundsAt30PercentChangeMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_ExchangeTradeFundsAt30PercentChangeMember_lbl" xml:lang="en-US">Exchange Trade Funds at 30 Percent Change [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ExchangeTradeFundsAt30PercentChangeMember_lbl" xml:lang="en-US">Exchange Trade Funds At30 Percent Change [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ExchangeTradeFundsAt30PercentChangeMember_lbl" xml:lang="en-US">Exchange Trade Funds at 30 percent change</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xlink:label="ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xlink:to="ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMember_lbl" xml:lang="en-US">Financial Assets Measured At Fair Value Through Other Comprehensive Income Category [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMember_lbl" xml:lang="en-US">Measured at fair value through other comprehensive Change in income</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LeaseLiabilitiesMember" xlink:label="ifrs-full_LeaseLiabilitiesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LeaseLiabilitiesMember" xlink:to="ifrs-full_LeaseLiabilitiesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LeaseLiabilitiesMember_lbl" xml:lang="en-US">Lease Liabilities [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LeaseLiabilitiesMember_lbl" xml:lang="en-US">Lease liabilities [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DerivativeFinacialInstrumentsAxis" xlink:label="bap_DerivativeFinacialInstrumentsAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DerivativeFinacialInstrumentsAxis" xlink:to="bap_DerivativeFinacialInstrumentsAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DerivativeFinacialInstrumentsAxis_lbl" xml:lang="en-US">Derivative finacial instruments [Axis]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_DerivativeFinacialInstrumentsDomain" xlink:label="bap_DerivativeFinacialInstrumentsDomain" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_DerivativeFinacialInstrumentsDomain" xlink:to="bap_DerivativeFinacialInstrumentsDomain_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_DerivativeFinacialInstrumentsDomain_lbl" xml:lang="en-US">Derivative Finacial Instruments [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_DerivativeFinacialInstrumentsDomain_lbl" xml:lang="en-US">Derivative finacial instruments [Domain]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_CrossCurrencySwapsMember" xlink:label="bap_CrossCurrencySwapsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_CrossCurrencySwapsMember" xlink:to="bap_CrossCurrencySwapsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_CrossCurrencySwapsMember_lbl" xml:lang="en-US">Cross Currency Swaps [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_CrossCurrencySwapsMember_lbl" xml:lang="en-US">Cross currency swaps [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_ForeignCurrencyOptionsMember" xlink:label="bap_ForeignCurrencyOptionsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_ForeignCurrencyOptionsMember" xlink:to="bap_ForeignCurrencyOptionsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_ForeignCurrencyOptionsMember_lbl" xml:lang="en-US">Foreign Currency Options [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_ForeignCurrencyOptionsMember_lbl" xml:lang="en-US">Foreign currency options [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BondsAndNotesIssuedAtFairValueMember" xlink:label="bap_BondsAndNotesIssuedAtFairValueMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BondsAndNotesIssuedAtFairValueMember" xlink:to="bap_BondsAndNotesIssuedAtFairValueMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BondsAndNotesIssuedAtFairValueMember_lbl" xml:lang="en-US">Bonds And Notes Issued At Fair Value [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BondsAndNotesIssuedAtFairValueMember_lbl" xml:lang="en-US">Bonds and notes issued at fair value [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ForwardContractMember" xlink:label="ifrs-full_ForwardContractMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ForwardContractMember" xlink:to="ifrs-full_ForwardContractMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ForwardContractMember_lbl" xml:lang="en-US">Forward Contract [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ForwardContractMember_lbl" xml:lang="en-US">Forward contract [member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsAvailableforsaleCategoryMember" xlink:label="ifrs-full_FinancialAssetsAvailableforsaleCategoryMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAvailableforsaleCategoryMember" xlink:to="ifrs-full_FinancialAssetsAvailableforsaleCategoryMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAvailableforsaleCategoryMember_lbl" xml:lang="en-US">Financial Assets Availableforsale Category [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsAvailableforsaleCategoryMember_lbl" xml:lang="en-US">Available for sale [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_InvestmentsAtFairValueThroughProfitOrLossMember" xlink:label="bap_InvestmentsAtFairValueThroughProfitOrLossMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_InvestmentsAtFairValueThroughProfitOrLossMember" xlink:to="bap_InvestmentsAtFairValueThroughProfitOrLossMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_InvestmentsAtFairValueThroughProfitOrLossMember_lbl" xml:lang="en-US">Investments At Fair Value Through Profit Or Loss [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_InvestmentsAtFairValueThroughProfitOrLossMember_lbl" xml:lang="en-US">Investments At Fair Value Through Profit or Loss [Member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AvailableforsaleinvestmentsAxis" xlink:label="bap_AvailableforsaleinvestmentsAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AvailableforsaleinvestmentsAxis" xlink:to="bap_AvailableforsaleinvestmentsAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AvailableforsaleinvestmentsAxis_lbl" xml:lang="en-US">Available-for-sale investments [Axis]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_AvailableforsaleinvestmentsDomain" xlink:label="bap_AvailableforsaleinvestmentsDomain" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_AvailableforsaleinvestmentsDomain" xlink:to="bap_AvailableforsaleinvestmentsDomain_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_AvailableforsaleinvestmentsDomain_lbl" xml:lang="en-US">Availableforsaleinvestments [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_AvailableforsaleinvestmentsDomain_lbl" xml:lang="en-US">Available-for-sale investments [Domain]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_EquityInstrumentsMember" xlink:label="bap_EquityInstrumentsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_EquityInstrumentsMember" xlink:to="bap_EquityInstrumentsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_EquityInstrumentsMember_lbl" xml:lang="en-US">Equity Instruments [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_EquityInstrumentsMember_lbl" xml:lang="en-US">Equity instruments [Member]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_SubsidiariesMember" xlink:label="ifrs-full_SubsidiariesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SubsidiariesMember" xlink:to="ifrs-full_SubsidiariesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SubsidiariesMember_lbl" xml:lang="en-US">Subsidiaries [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_SubsidiariesMember_lbl" xml:lang="en-US">BCP Stand-alone, Mibanco and Grupo Pacifico</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BcpStandAloneMember" xlink:label="bap_BcpStandAloneMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BcpStandAloneMember" xlink:to="bap_BcpStandAloneMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BcpStandAloneMember_lbl" xml:lang="en-US">This member stands for BCP Stand-alone.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BcpStandAloneMember_lbl" xml:lang="en-US">Bcp Stand Alone [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BcpStandAloneMember_lbl" xml:lang="en-US">BCP Stand-alone</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:label="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:to="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis_lbl" xml:lang="en-US">Non-adjusting events after reporting period [axis]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NonadjustingEventsMember" xlink:label="ifrs-full_NonadjustingEventsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NonadjustingEventsMember" xlink:to="ifrs-full_NonadjustingEventsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NonadjustingEventsMember_lbl" xml:lang="en-US">Nonadjusting Events [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NonadjustingEventsMember_lbl" xml:lang="en-US">Non-adjusting events after reporting period [member]</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_EventsAfterReportingPeriodMember" xlink:label="bap_EventsAfterReportingPeriodMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_EventsAfterReportingPeriodMember" xlink:to="bap_EventsAfterReportingPeriodMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_EventsAfterReportingPeriodMember_lbl" xml:lang="en-US">Events After Reporting Period [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_EventsAfterReportingPeriodMember_lbl" xml:lang="en-US">Events After Reporting Period</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_BcpSubordinatedBondsMember" xlink:label="bap_BcpSubordinatedBondsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_BcpSubordinatedBondsMember" xlink:to="bap_BcpSubordinatedBondsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_BcpSubordinatedBondsMember_lbl" xml:lang="en-US">BCP Subordinated Bonds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_BcpSubordinatedBondsMember_lbl" xml:lang="en-US">Bcp Subordinated Bonds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_BcpSubordinatedBondsMember_lbl" xml:lang="en-US">BCP Subordinated Bonds</label>
    <loc xlink:type="locator" xlink:href="bap-20201231.xsd#bap_MediumTermSubordinateBondsMember" xlink:label="bap_MediumTermSubordinateBondsMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bap_MediumTermSubordinateBondsMember" xlink:to="bap_MediumTermSubordinateBondsMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="bap_MediumTermSubordinateBondsMember_lbl" xml:lang="en-US">Medium Term Subordinate Bonds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="bap_MediumTermSubordinateBondsMember_lbl" xml:lang="en-US">Medium Term Subordinate Bonds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="bap_MediumTermSubordinateBondsMember_lbl" xml:lang="en-US">Medium Term Subordinate Bonds</label>
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