<?xml version="1.0" encoding="utf-8"?>
<!--Generated by DataTracks Rainbow Version 3.0 - www.datatracks.com - on 26-April-2019 [04:59:59] {PM}-->
<linkbase xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" roleURI="http://www.xbrl.org/2009/role/negatedLabel" />
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" />
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" />
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" />
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" />
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" />
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" roleURI="http://www.xbrl.org/2009/role/netLabel" />
<labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DocumentAndEntityInformationAbstract" xlink:label="loc_bap_DocumentAndEntityInformationAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DocumentAndEntityInformationAbstract" xml:lang="en-US">Document and Entity Information [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DocumentAndEntityInformationAbstract" xlink:to="lab_bap_DocumentAndEntityInformationAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DocumentAndEntityInformationAbstract" xml:lang="en-US">Document and Entity Information [Abstract]</label>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_DocumentType" xlink:label="loc_dei_DocumentType" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_dei_DocumentType" xml:lang="en-US">Document Type</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentType" xlink:to="lab_dei_DocumentType" />
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_AmendmentFlag" xlink:label="loc_dei_AmendmentFlag" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_dei_AmendmentFlag" xml:lang="en-US">Amendment Flag</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AmendmentFlag" xlink:to="lab_dei_AmendmentFlag" />
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_dei_DocumentPeriodEndDate" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_dei_DocumentPeriodEndDate" xml:lang="en-US">Document Period End Date</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentPeriodEndDate" xlink:to="lab_dei_DocumentPeriodEndDate" />
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_dei_DocumentFiscalYearFocus" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_dei_DocumentFiscalYearFocus" xml:lang="en-US">Document Fiscal Year Focus</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentFiscalYearFocus" xlink:to="lab_dei_DocumentFiscalYearFocus" />
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="loc_dei_DocumentFiscalPeriodFocus" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_dei_DocumentFiscalPeriodFocus" xml:lang="en-US">Document Fiscal Period Focus</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentFiscalPeriodFocus" xlink:to="lab_dei_DocumentFiscalPeriodFocus" />
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityRegistrantName" xlink:label="loc_dei_EntityRegistrantName" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_dei_EntityRegistrantName" xml:lang="en-US">Entity Registrant Name</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityRegistrantName" xlink:to="lab_dei_EntityRegistrantName" />
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="loc_dei_EntityCentralIndexKey" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_dei_EntityCentralIndexKey" xml:lang="en-US">Entity Central Index Key</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCentralIndexKey" xlink:to="lab_dei_EntityCentralIndexKey" />
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="loc_dei_CurrentFiscalYearEndDate" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_dei_CurrentFiscalYearEndDate" xml:lang="en-US">Current Fiscal Year End Date</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CurrentFiscalYearEndDate" xlink:to="lab_dei_CurrentFiscalYearEndDate" />
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="loc_dei_EntityWellKnownSeasonedIssuer" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_dei_EntityWellKnownSeasonedIssuer" xml:lang="en-US">Entity Well-known Seasoned Issuer</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityWellKnownSeasonedIssuer" xlink:to="lab_dei_EntityWellKnownSeasonedIssuer" />
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityVoluntaryFilers" xlink:label="loc_dei_EntityVoluntaryFilers" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_dei_EntityVoluntaryFilers" xml:lang="en-US">Entity Voluntary Filers</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityVoluntaryFilers" xlink:to="lab_dei_EntityVoluntaryFilers" />
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityCurrentReportingStatus" xlink:label="loc_dei_EntityCurrentReportingStatus" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_dei_EntityCurrentReportingStatus" xml:lang="en-US">Entity Current Reporting Status</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCurrentReportingStatus" xlink:to="lab_dei_EntityCurrentReportingStatus" />
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityFilerCategory" xlink:label="loc_dei_EntityFilerCategory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_dei_EntityFilerCategory" xml:lang="en-US">Entity Filer Category</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityFilerCategory" xlink:to="lab_dei_EntityFilerCategory" />
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_TradingSymbol" xlink:label="loc_dei_TradingSymbol" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_dei_TradingSymbol" xml:lang="en-US">Trading Symbol</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_TradingSymbol" xlink:to="lab_dei_TradingSymbol" />
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="loc_dei_EntityCommonStockSharesOutstanding" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_dei_EntityCommonStockSharesOutstanding" xml:lang="en-US">Entity Common Stock, Shares Outstanding</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCommonStockSharesOutstanding" xlink:to="lab_dei_EntityCommonStockSharesOutstanding" />
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityShellCompany" xlink:label="loc_dei_EntityShellCompany" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_dei_EntityShellCompany" xml:lang="en-US">Entity Shell Company</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityShellCompany" xlink:to="lab_dei_EntityShellCompany" />
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityEmergingGrowthCompany" xlink:label="loc_dei_EntityEmergingGrowthCompany" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_dei_EntityEmergingGrowthCompany" xml:lang="en-US">Entity Emerging Growth Company</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityEmergingGrowthCompany" xlink:to="lab_dei_EntityEmergingGrowthCompany" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_StatementOfFinancialPositionAbstract" xlink:label="loc_ifrs-full_StatementOfFinancialPositionAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_StatementOfFinancialPositionAbstract" xml:lang="en-US">Statement of financial position [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_StatementOfFinancialPositionAbstract" xml:lang="en-US">Investments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfFinancialPositionAbstract" xlink:to="lab_ifrs-full_StatementOfFinancialPositionAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_StatementsTable" xlink:label="loc_bap_StatementsTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_StatementsTable" xml:lang="en-US">Statements [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_StatementsTable" xlink:to="lab_bap_StatementsTable" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:label="loc_ifrs-full_CategoriesOfFinancialAssetsAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CategoriesOfFinancialAssetsAxis" xml:lang="en-US">Categories of financial assets [axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_CategoriesOfFinancialAssetsAxis" xml:lang="en-US">Categories of financial assets [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:to="lab_ifrs-full_CategoriesOfFinancialAssetsAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsCategoryMember" xlink:label="loc_ifrs-full_FinancialAssetsCategoryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialAssetsCategoryMember" xml:lang="en-US">Financial assets, category [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_FinancialAssetsCategoryMember" xml:lang="en-US">Financial assets, category [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsCategoryMember" xlink:to="lab_ifrs-full_FinancialAssetsCategoryMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_StatementsLineItems" xlink:label="loc_bap_StatementsLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_StatementsLineItems" xml:lang="en-US">Statements [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_StatementsLineItems" xlink:to="lab_bap_StatementsLineItems" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AssetsAbstract" xlink:label="loc_ifrs-full_AssetsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AssetsAbstract" xml:lang="en-US">Assets [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_AssetsAbstract" xml:lang="en-US">Assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AssetsAbstract" xlink:to="lab_ifrs-full_AssetsAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashAbstract" xlink:label="loc_ifrs-full_CashAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CashAbstract" xml:lang="en-US">Cash [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_CashAbstract" xml:lang="en-US">Cash and due from banks:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashAbstract" xlink:to="lab_ifrs-full_CashAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashOnHand" xlink:label="loc_ifrs-full_CashOnHand" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CashOnHand" xml:lang="en-US">Cash on hand</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_CashOnHand" xml:lang="en-US">Non-interest-bearing</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_CashOnHand" xml:lang="en-US">Cash and clearing</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashOnHand" xlink:to="lab_ifrs-full_CashOnHand" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BalancesWithBanks" xlink:label="loc_ifrs-full_BalancesWithBanks" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_BalancesWithBanks" xml:lang="en-US">Balances with banks</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_BalancesWithBanks" xml:lang="en-US">Interest-bearing</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/presentationGuidance" xlink:label="lab_ifrs-full_BalancesWithBanks" xml:lang="en-US">Interbank funds</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BalancesWithBanks" xlink:to="lab_ifrs-full_BalancesWithBanks" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_Cash" xlink:label="loc_ifrs-full_Cash" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_Cash" xml:lang="en-US">Cash</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_Cash" xml:lang="en-US">Total Cash and Due from Banks</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_Cash" xml:lang="en-US">Cash and due from banks</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_ifrs-full_Cash" xml:lang="en-US">Total cash</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_Cash" xml:lang="en-US">Cash and due from banks</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/presentationGuidance" xlink:label="lab_ifrs-full_Cash" xml:lang="en-US">Cash and due from banks</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Cash" xlink:to="lab_ifrs-full_Cash" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xlink:label="loc_ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xml:lang="en-US">Reverse repurchase agreements and cash collateral on securities borrowed</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xml:lang="en-US">Cash collateral, reverse repurchase agreements and securities borrowing</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xml:lang="en-US">Cash collateral, reverse repurchase agreements and securities borrowings</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/presentationGuidance" xlink:label="lab_ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xml:lang="en-US">Cash collateral, reverse repurchase agreements and securities borrowings</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xml:lang="en-US">Cash collateral, reverse repurchase agreements and securities borrowings</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xlink:to="lab_ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InvestmentAbstract" xlink:label="loc_bap_InvestmentAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InvestmentAbstract" xml:lang="en-US">Investment [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_InvestmentAbstract" xml:lang="en-US">Investments:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InvestmentAbstract" xlink:to="lab_bap_InvestmentAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_HeldToMaturitySecurity" xlink:label="loc_bap_HeldToMaturitySecurity" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_HeldToMaturitySecurity" xml:lang="en-US">Held To Maturity Security</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_HeldToMaturitySecurity" xml:lang="en-US">Held-to-maturity</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_HeldToMaturitySecurity" xlink:to="lab_bap_HeldToMaturitySecurity" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_HeldToMaturitySecurity" xml:lang="en-US">It represents held to maturity securities.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_HeldToMaturityInvestmentsPledgeAsCollateral" xlink:label="loc_bap_HeldToMaturityInvestmentsPledgeAsCollateral" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_HeldToMaturityInvestmentsPledgeAsCollateral" xml:lang="en-US">Held to maturity Investments Pledge As Collateral</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_HeldToMaturityInvestmentsPledgeAsCollateral" xml:lang="en-US">Held-to-maturity pledged as collateral</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_HeldToMaturityInvestmentsPledgeAsCollateral" xlink:to="lab_bap_HeldToMaturityInvestmentsPledgeAsCollateral" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_HeldToMaturityInvestmentsPledgeAsCollateral" xml:lang="en-US">The amount of Held-to-maturity Investments pledge as collateral.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssets" xlink:label="loc_ifrs-full_FinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialAssets" xml:lang="en-US">Financial assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_FinancialAssets" xml:lang="en-US">Total investments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_FinancialAssets" xml:lang="en-US">Total financial assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_FinancialAssets" xml:lang="en-US">Total financial assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssets" xlink:to="lab_ifrs-full_FinancialAssets" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:label="loc_ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" 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="lab_ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xml:lang="en-US">At fair value through other comprehensive income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:to="lab_ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FairValueOfInvestmentsThroughOtherComprehensiveIncomePledgedAsCollateral" xlink:label="loc_bap_FairValueOfInvestmentsThroughOtherComprehensiveIncomePledgedAsCollateral" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FairValueOfInvestmentsThroughOtherComprehensiveIncomePledgedAsCollateral" 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="lab_bap_FairValueOfInvestmentsThroughOtherComprehensiveIncomePledgedAsCollateral" xml:lang="en-US">At fair value through other comprehensive income pledged as collateral</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FairValueOfInvestmentsThroughOtherComprehensiveIncomePledgedAsCollateral" xlink:to="lab_bap_FairValueOfInvestmentsThroughOtherComprehensiveIncomePledgedAsCollateral" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_FairValueOfInvestmentsThroughOtherComprehensiveIncomePledgedAsCollateral" xml:lang="en-US">The amount of fair value of investments through other comprehensive income pledged as a collateral.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsAtAmortisedCost" xlink:label="loc_ifrs-full_FinancialAssetsAtAmortisedCost" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialAssetsAtAmortisedCost" xml:lang="en-US">Financial assets at amortised cost</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_FinancialAssetsAtAmortisedCost" xml:lang="en-US">Amortized cost&#160;</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_FinancialAssetsAtAmortisedCost" xml:lang="en-US">Amortized cost investments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtAmortisedCost" xlink:to="lab_ifrs-full_FinancialAssetsAtAmortisedCost" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AvailableForSaleInvestments" xlink:label="loc_bap_AvailableForSaleInvestments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AvailableForSaleInvestments" xml:lang="en-US">Available For Sale Investments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_AvailableForSaleInvestments" xml:lang="en-US">Available-for-sale</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AvailableForSaleInvestments" xlink:to="lab_bap_AvailableForSaleInvestments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AvailableForSaleInvestments" xml:lang="en-US">It represents that available for sale of investments.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AvailableForSaleInvestmentsPledgedAsCollateral" xlink:label="loc_bap_AvailableForSaleInvestmentsPledgedAsCollateral" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AvailableForSaleInvestmentsPledgedAsCollateral" xml:lang="en-US">Available for sale Investments Pledged As Collateral</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_AvailableForSaleInvestmentsPledgedAsCollateral" xml:lang="en-US">Available-for-sale pledged as collateral</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AvailableForSaleInvestmentsPledgedAsCollateral" xlink:to="lab_bap_AvailableForSaleInvestmentsPledgedAsCollateral" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AvailableForSaleInvestmentsPledgedAsCollateral" xml:lang="en-US">The amount of available-for-sale investments pledged as collateral.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FinancialAssetsAtAmortisedCostPledgedAsCollateral" xlink:label="loc_bap_FinancialAssetsAtAmortisedCostPledgedAsCollateral" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FinancialAssetsAtAmortisedCostPledgedAsCollateral" 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="lab_bap_FinancialAssetsAtAmortisedCostPledgedAsCollateral" xml:lang="en-US">Amortized cost pledged as collateral</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FinancialAssetsAtAmortisedCostPledgedAsCollateral" xlink:to="lab_bap_FinancialAssetsAtAmortisedCostPledgedAsCollateral" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_FinancialAssetsAtAmortisedCostPledgedAsCollateral" xml:lang="en-US">It represents the amount of amortized cost pledged as a collateral.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FairValueOfInvestmentsThroughOtherProfitLoss" xlink:label="loc_bap_FairValueOfInvestmentsThroughOtherProfitLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FairValueOfInvestmentsThroughOtherProfitLoss" 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="lab_bap_FairValueOfInvestmentsThroughOtherProfitLoss" xml:lang="en-US">At fair value through profit or loss</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FairValueOfInvestmentsThroughOtherProfitLoss" xlink:to="lab_bap_FairValueOfInvestmentsThroughOtherProfitLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_FairValueOfInvestmentsThroughOtherProfitLoss" xml:lang="en-US">It represents the fair value of investments through other profit loss.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AmortizedCostInvestments" xlink:label="loc_bap_AmortizedCostInvestments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AmortizedCostInvestments" xml:lang="en-US">Amortized Cost Investments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_bap_AmortizedCostInvestments" xml:lang="en-US">Total amortized cost Investments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AmortizedCostInvestments" xlink:to="lab_bap_AmortizedCostInvestments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AmortizedCostInvestments" xml:lang="en-US">Amount of total value of amortized cost investments.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_HeldtomaturityInvestments" xlink:label="loc_ifrs-full_HeldtomaturityInvestments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_HeldtomaturityInvestments" xml:lang="en-US">Held-to-maturity investments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_HeldtomaturityInvestments" xml:lang="en-US">Total Held-to-maturity investments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_HeldtomaturityInvestments" xlink:to="lab_ifrs-full_HeldtomaturityInvestments" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" 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/totalLabel" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" 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/terseLabel" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" 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/verboseLabel" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" xml:lang="en-US">At fair value through other comprehensive income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" xlink:to="lab_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsAvailableforsale" xlink:label="loc_ifrs-full_FinancialAssetsAvailableforsale" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialAssetsAvailableforsale" xml:lang="en-US">Financial assets available-for-sale</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_FinancialAssetsAvailableforsale" xml:lang="en-US">Total Available-for-sale investments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/presentationGuidance" xlink:label="lab_ifrs-full_FinancialAssetsAvailableforsale" xml:lang="en-US">Addition: From investments available for sale</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_FinancialAssetsAvailableforsale" xml:lang="en-US">Available-for-sale investments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_FinancialAssetsAvailableforsale" xml:lang="en-US">Available-for-sale</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAvailableforsale" xlink:to="lab_ifrs-full_FinancialAssetsAvailableforsale" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_LoansAndAdvancesAbstract" xlink:label="loc_bap_LoansAndAdvancesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_LoansAndAdvancesAbstract" xml:lang="en-US">Loans and advances [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_LoansAndAdvancesAbstract" xml:lang="en-US">Loans, net:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_LoansAndAdvancesAbstract" xlink:to="lab_bap_LoansAndAdvancesAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_LoansNetOfUnearnedIncome" xlink:label="loc_bap_LoansNetOfUnearnedIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_LoansNetOfUnearnedIncome" 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="lab_bap_LoansNetOfUnearnedIncome" 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="lab_bap_LoansNetOfUnearnedIncome" xml:lang="en-US">Total direct loans</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_LoansNetOfUnearnedIncome" xlink:to="lab_bap_LoansNetOfUnearnedIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_LoansNetOfUnearnedIncome" xml:lang="en-US">The amount of loans which is net of unearned income the entity has made to customers.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_Provisions" xlink:label="loc_ifrs-full_Provisions" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_Provisions" xml:lang="en-US">Provisions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="lab_ifrs-full_Provisions" xml:lang="en-US">Allowance for loan losses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_Provisions" xml:lang="en-US">Allowance for loan losses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_Provisions" xml:lang="en-US">Allowance for loan losses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Provisions" xlink:to="lab_ifrs-full_Provisions" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LoansAndAdvancesToCustomers" xlink:label="loc_ifrs-full_LoansAndAdvancesToCustomers" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_LoansAndAdvancesToCustomers" xml:lang="en-US">Loans and advances to customers</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_LoansAndAdvancesToCustomers" xml:lang="en-US">Total loans, net</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_LoansAndAdvancesToCustomers" xml:lang="en-US">Total direct loans, net</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_LoansAndAdvancesToCustomers" xml:lang="en-US">Loans, net</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LoansAndAdvancesToCustomers" xlink:to="lab_ifrs-full_LoansAndAdvancesToCustomers" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss" 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/verboseLabel" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss" 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/terseLabel" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss" xml:lang="en-US">At fair value through profit or loss</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss" xml:lang="en-US">Financial assets designated at fair value through profit or loss</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss" xlink:to="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherReceivables" xlink:label="loc_ifrs-full_OtherReceivables" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_OtherReceivables" xml:lang="en-US">Other Receivables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_OtherReceivables" 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="lab_ifrs-full_OtherReceivables" xml:lang="en-US">Premium and other policies receivable</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherReceivables" xlink:to="lab_ifrs-full_OtherReceivables" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AccountsReceivablesFromReinsurersAndCoinsurers" xlink:label="loc_bap_AccountsReceivablesFromReinsurersAndCoinsurers" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AccountsReceivablesFromReinsurersAndCoinsurers" 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="lab_bap_AccountsReceivablesFromReinsurersAndCoinsurers" xml:lang="en-US">Accounts receivable from reinsurers and coinsurers</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AccountsReceivablesFromReinsurersAndCoinsurers" xlink:to="lab_bap_AccountsReceivablesFromReinsurersAndCoinsurers" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AccountsReceivablesFromReinsurersAndCoinsurers" xml:lang="en-US">The amount of accounts receivables from reinsurers and co-insurers.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PropertyPlantAndEquipment" xlink:label="loc_ifrs-full_PropertyPlantAndEquipment" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xml:lang="en-US">Property, plant and equipment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xml:lang="en-US">Property, furniture and equipment, net</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xml:lang="en-US">Balance Begining</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xml:lang="en-US">Balance Ending</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xml:lang="en-US">Net carrying amount</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PropertyPlantAndEquipment" xlink:to="lab_ifrs-full_PropertyPlantAndEquipment" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TradeReceivables" xlink:label="loc_ifrs-full_TradeReceivables" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_TradeReceivables" xml:lang="en-US">Trade receivables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_TradeReceivables" xml:lang="en-US">Due from customers on acceptances</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeReceivables" xlink:to="lab_ifrs-full_TradeReceivables" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IntangibleAssetsAndGoodwill" xlink:label="loc_ifrs-full_IntangibleAssetsAndGoodwill" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IntangibleAssetsAndGoodwill" xml:lang="en-US">Intangible assets and goodwill</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_IntangibleAssetsAndGoodwill" xml:lang="en-US">Intangible assets and goodwill, net</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IntangibleAssetsAndGoodwill" xlink:to="lab_ifrs-full_IntangibleAssetsAndGoodwill" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherAssets" xlink:label="loc_ifrs-full_OtherAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_OtherAssets" xml:lang="en-US">Other Assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_OtherAssets" xml:lang="en-US">Other assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_OtherAssets" xml:lang="en-US">Other assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_OtherAssets" xml:lang="en-US">Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherAssets" xlink:to="lab_ifrs-full_OtherAssets" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_Assets" xlink:label="loc_ifrs-full_Assets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_Assets" xml:lang="en-US">Assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_Assets" xml:lang="en-US">Total assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_ifrs-full_Assets" xml:lang="en-US">Assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_Assets" xml:lang="en-US">Total assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_Assets" xml:lang="en-US">Total monetary assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Assets" xlink:to="lab_ifrs-full_Assets" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EquityAndLiabilitiesAbstract" xlink:label="loc_ifrs-full_EquityAndLiabilitiesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_EquityAndLiabilitiesAbstract" xml:lang="en-US">Equity and liabilities [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_EquityAndLiabilitiesAbstract" xml:lang="en-US">Liabilities and Equity</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAndLiabilitiesAbstract" xlink:to="lab_ifrs-full_EquityAndLiabilitiesAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DepositsAndObligationsAbstract" xlink:label="loc_bap_DepositsAndObligationsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DepositsAndObligationsAbstract" xml:lang="en-US">Deposits and obligations [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_DepositsAndObligationsAbstract" xml:lang="en-US">Deposits and obligations:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DepositsAndObligationsAbstract" xlink:to="lab_bap_DepositsAndObligationsAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_NonInterestBearingDeposits" xlink:label="loc_bap_NonInterestBearingDeposits" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_NonInterestBearingDeposits" xml:lang="en-US">Non interest bearing deposits</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_NonInterestBearingDeposits" xml:lang="en-US">Non-interest-bearing</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_NonInterestBearingDeposits" xlink:to="lab_bap_NonInterestBearingDeposits" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_NonInterestBearingDeposits" xml:lang="en-US">The amount of non interest bearing deposit from customers as well as banks held by the entity.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InterestBearingDeposits" xlink:label="loc_bap_InterestBearingDeposits" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InterestBearingDeposits" xml:lang="en-US">Interest bearing deposits</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_InterestBearingDeposits" xml:lang="en-US">Interest-bearing</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InterestBearingDeposits" xlink:to="lab_bap_InterestBearingDeposits" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_InterestBearingDeposits" xml:lang="en-US">The amount of interest bearing deposit from customers as well as banks held by the entity.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DepositsFromCustomers" xlink:label="loc_ifrs-full_DepositsFromCustomers" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DepositsFromCustomers" xml:lang="en-US">Deposits from customers</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_DepositsFromCustomers" xml:lang="en-US">Deposits and obligations</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_DepositsFromCustomers" xml:lang="en-US">Total</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_DepositsFromCustomers" xml:lang="en-US">Deposits and obligations</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_DepositsFromCustomers" xml:lang="en-US">Deposits and obligations</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DepositsFromCustomers" xlink:to="lab_ifrs-full_DepositsFromCustomers" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:label="loc_ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xml:lang="en-US">Repurchase agreements and cash collateral on securities lent</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xml:lang="en-US">Payables from repurchase agreements and securities lending</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xml:lang="en-US">Payables from repurchase agreements and security lendings</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xml:lang="en-US">Payables from repurchase agreements and security Lendings</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:to="lab_ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DepositsFromBanks" xlink:label="loc_ifrs-full_DepositsFromBanks" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DepositsFromBanks" xml:lang="en-US">Deposits from banks</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_DepositsFromBanks" 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="lab_ifrs-full_DepositsFromBanks" xml:lang="en-US">Total Due to banks and correspondents</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_DepositsFromBanks" xml:lang="en-US">Due to banks and correspondents</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_DepositsFromBanks" xml:lang="en-US">Due to bank and correspondents</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DepositsFromBanks" xlink:to="lab_ifrs-full_DepositsFromBanks" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PayablesOnAcceptances" xlink:label="loc_bap_PayablesOnAcceptances" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PayablesOnAcceptances" xml:lang="en-US">Payables on acceptances</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_PayablesOnAcceptances" xml:lang="en-US">Banker's acceptances outstanding</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_PayablesOnAcceptances" xml:lang="en-US">Bankers' acceptances outstanding</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PayablesOnAcceptances" xlink:to="lab_bap_PayablesOnAcceptances" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_PayablesOnAcceptances" xml:lang="en-US">The amount outstanding and payable on banker's acceptances.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LiabilitiesArisingFromInsuranceContracts" xlink:label="loc_ifrs-full_LiabilitiesArisingFromInsuranceContracts" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_LiabilitiesArisingFromInsuranceContracts" 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/disclosureGuidance" xlink:label="lab_ifrs-full_LiabilitiesArisingFromInsuranceContracts" xml:lang="en-US">Accounts payable to reinsurers</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_ifrs-full_LiabilitiesArisingFromInsuranceContracts" xml:lang="en-US">Balances at the beginning of the period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_ifrs-full_LiabilitiesArisingFromInsuranceContracts" xml:lang="en-US">Balances at the end of the period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_LiabilitiesArisingFromInsuranceContracts" xml:lang="en-US">Accounts payable to reinsurers and coinsurers</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LiabilitiesArisingFromInsuranceContracts" xlink:to="lab_ifrs-full_LiabilitiesArisingFromInsuranceContracts" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss" 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="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss" 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="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss" xml:lang="en-US">Financial liabilities at fair value through profit or loss</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss" xlink:to="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_UnearnedPremiums" xlink:label="loc_ifrs-full_UnearnedPremiums" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_UnearnedPremiums" xml:lang="en-US">Unearned Premiums</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_UnearnedPremiums" xml:lang="en-US">Technical reserves for insurance claims and premiums</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_UnearnedPremiums" xml:lang="en-US">Technical reserves for claims and insurance premiums</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UnearnedPremiums" xlink:to="lab_ifrs-full_UnearnedPremiums" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NotesAndDebenturesIssued" xlink:label="loc_ifrs-full_NotesAndDebenturesIssued" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_NotesAndDebenturesIssued" xml:lang="en-US">Notes and debentures issued</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_NotesAndDebenturesIssued" xml:lang="en-US">Bonds and notes issued</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_NotesAndDebenturesIssued" xml:lang="en-US">Bonds and Notes issued</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_NotesAndDebenturesIssued" xml:lang="en-US">Bonds and notes issued</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NotesAndDebenturesIssued" xlink:to="lab_ifrs-full_NotesAndDebenturesIssued" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherLiabilities" xlink:label="loc_ifrs-full_OtherLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_OtherLiabilities" xml:lang="en-US">Other Liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_OtherLiabilities" xml:lang="en-US">Other liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_OtherLiabilities" xml:lang="en-US">Total other liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_OtherLiabilities" xml:lang="en-US">Other liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherLiabilities" xlink:to="lab_ifrs-full_OtherLiabilities" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_Liabilities" xlink:label="loc_ifrs-full_Liabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_Liabilities" xml:lang="en-US">Liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_Liabilities" xml:lang="en-US">Total liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/presentationGuidance" xlink:label="lab_ifrs-full_Liabilities" xml:lang="en-US">Liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_Liabilities" xml:lang="en-US">Total liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_ifrs-full_Liabilities" xml:lang="en-US">Total liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_Liabilities" xml:lang="en-US">Total monetary liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Liabilities" xlink:to="lab_ifrs-full_Liabilities" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EquityAbstract" xlink:label="loc_ifrs-full_EquityAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_EquityAbstract" xml:lang="en-US">Equity [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_EquityAbstract" xml:lang="en-US">Equity</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAbstract" xlink:to="lab_ifrs-full_EquityAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_EquityAttributableToOwnersOfParentAbstract" xlink:label="loc_bap_EquityAttributableToOwnersOfParentAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_EquityAttributableToOwnersOfParentAbstract" 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="lab_bap_EquityAttributableToOwnersOfParentAbstract" xml:lang="en-US">Equity attributable to Credicorp&#180;s equity holders</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_EquityAttributableToOwnersOfParentAbstract" xlink:to="lab_bap_EquityAttributableToOwnersOfParentAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IssuedCapital" xlink:label="loc_ifrs-full_IssuedCapital" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IssuedCapital" xml:lang="en-US">Issued capital</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_IssuedCapital" xml:lang="en-US">Capital stock</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IssuedCapital" xlink:to="lab_ifrs-full_IssuedCapital" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TreasuryShares" xlink:label="loc_ifrs-full_TreasuryShares" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_TreasuryShares" xml:lang="en-US">Treasury shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_TreasuryShares" xml:lang="en-US">Treasury stock</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TreasuryShares" xlink:to="lab_ifrs-full_TreasuryShares" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_SharePremium" xlink:label="loc_ifrs-full_SharePremium" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_SharePremium" xml:lang="en-US">Share premium</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_SharePremium" xml:lang="en-US">Capital surplus</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SharePremium" xlink:to="lab_ifrs-full_SharePremium" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OthersEquityInterest" xlink:label="loc_bap_OthersEquityInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OthersEquityInterest" xml:lang="en-US">Others Equity Interest</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_OthersEquityInterest" xml:lang="en-US">Reserves</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OthersEquityInterest" xlink:to="lab_bap_OthersEquityInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_OthersEquityInterest" xml:lang="en-US">The amount of equity representing put options and equity.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherReserves" xlink:label="loc_ifrs-full_OtherReserves" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_OtherReserves" xml:lang="en-US">Other reserves</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_ifrs-full_OtherReserves" xml:lang="en-US">Begining Balances</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_ifrs-full_OtherReserves" xml:lang="en-US">Ending Balances</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherReserves" xlink:to="lab_ifrs-full_OtherReserves" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RetainedEarnings" xlink:label="loc_ifrs-full_RetainedEarnings" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_RetainedEarnings" xml:lang="en-US">Retained earnings</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RetainedEarnings" xlink:to="lab_ifrs-full_RetainedEarnings" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EquityAttributableToOwnersOfParent" xlink:label="loc_ifrs-full_EquityAttributableToOwnersOfParent" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_EquityAttributableToOwnersOfParent" 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="lab_ifrs-full_EquityAttributableToOwnersOfParent" xml:lang="en-US">Equity attributable to owners of parent</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAttributableToOwnersOfParent" xlink:to="lab_ifrs-full_EquityAttributableToOwnersOfParent" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NoncontrollingInterests" xlink:label="loc_ifrs-full_NoncontrollingInterests" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_NoncontrollingInterests" xml:lang="en-US">Non-controlling interests</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_NoncontrollingInterests" xml:lang="en-US">Non-controlling interest</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncontrollingInterests" xlink:to="lab_ifrs-full_NoncontrollingInterests" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_Equity" xlink:label="loc_ifrs-full_Equity" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_Equity" xml:lang="en-US">Equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_Equity" xml:lang="en-US">Total equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_ifrs-full_Equity" xml:lang="en-US">Balances</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_ifrs-full_Equity" xml:lang="en-US">Balances</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Equity" xlink:to="lab_ifrs-full_Equity" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EquityAndLiabilities" xlink:label="loc_ifrs-full_EquityAndLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_EquityAndLiabilities" xml:lang="en-US">Equity and liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_EquityAndLiabilities" xml:lang="en-US">Total liabilities and equity</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAndLiabilities" xlink:to="lab_ifrs-full_EquityAndLiabilities" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncomeStatementAbstract" xlink:label="loc_ifrs-full_IncomeStatementAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncomeStatementAbstract" xml:lang="en-US">Income Statement [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_IncomeStatementAbstract" xml:lang="en-US">Statement of income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeStatementAbstract" xlink:to="lab_ifrs-full_IncomeStatementAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RevenueFromInterest" xlink:label="loc_ifrs-full_RevenueFromInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_RevenueFromInterest" xml:lang="en-US">Interest income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_RevenueFromInterest" xml:lang="en-US">Interest and similar income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_RevenueFromInterest" xml:lang="en-US">Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RevenueFromInterest" xlink:to="lab_ifrs-full_RevenueFromInterest" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InterestExpense" xlink:label="loc_ifrs-full_InterestExpense" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_InterestExpense" xml:lang="en-US">Interest Expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_InterestExpense" xml:lang="en-US">Interest and similar expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="lab_ifrs-full_InterestExpense" xml:lang="en-US">Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestExpense" xlink:to="lab_ifrs-full_InterestExpense" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InterestRevenueExpense" xlink:label="loc_ifrs-full_InterestRevenueExpense" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_InterestRevenueExpense" xml:lang="en-US">Interest income (expense)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_InterestRevenueExpense" 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="lab_ifrs-full_InterestRevenueExpense" xml:lang="en-US">Net interest, similar income and expenses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestRevenueExpense" xlink:to="lab_ifrs-full_InterestRevenueExpense" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GainOnRecoveryOfLoansAndAdvancesPreviouslyWrittenOff" xlink:label="loc_ifrs-full_GainOnRecoveryOfLoansAndAdvancesPreviouslyWrittenOff" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_GainOnRecoveryOfLoansAndAdvancesPreviouslyWrittenOff" 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="lab_ifrs-full_GainOnRecoveryOfLoansAndAdvancesPreviouslyWrittenOff" xml:lang="en-US">Recoveries of written-off loans</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainOnRecoveryOfLoansAndAdvancesPreviouslyWrittenOff" xlink:to="lab_ifrs-full_GainOnRecoveryOfLoansAndAdvancesPreviouslyWrittenOff" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers" xlink:label="loc_ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers" 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="lab_ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers" xml:lang="en-US">Net interest, similar income and expenses, after provision for credit losses on loan portfolio</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers" xlink:to="lab_ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherIncomesAbstract" xlink:label="loc_bap_OtherIncomesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherIncomesAbstract" xml:lang="en-US">Other incomes [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_OtherIncomesAbstract" xml:lang="en-US">Other income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherIncomesAbstract" xlink:to="lab_bap_OtherIncomesAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FeeAndCommissionIncome" xlink:label="loc_ifrs-full_FeeAndCommissionIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FeeAndCommissionIncome" xml:lang="en-US">Fee and commission income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_FeeAndCommissionIncome" xml:lang="en-US">Commissions and fees</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_FeeAndCommissionIncome" xml:lang="en-US">Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FeeAndCommissionIncome" xlink:to="lab_ifrs-full_FeeAndCommissionIncome" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:label="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xml:lang="en-US">Foreign exchange gain (loss)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xml:lang="en-US">Net gain on foreign exchange transactions</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:to="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GainsOnDisposalsOfInvestments" xlink:label="loc_ifrs-full_GainsOnDisposalsOfInvestments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_GainsOnDisposalsOfInvestments" xml:lang="en-US">Gains on disposals of investments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_GainsOnDisposalsOfInvestments" xml:lang="en-US">Net gain on securities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_GainsOnDisposalsOfInvestments" xml:lang="en-US">Net gain on securities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_GainsOnDisposalsOfInvestments" xml:lang="en-US">Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsOnDisposalsOfInvestments" xlink:to="lab_ifrs-full_GainsOnDisposalsOfInvestments" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives" xlink:label="loc_ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives" xml:lang="en-US">Gains (losses) on change in fair value of derivatives</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives" xml:lang="en-US">Net gain on derivatives held for trading</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives" xml:lang="en-US">Net gain of trading derivatives</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives" xlink:to="lab_ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NetForeignExchangeGain" xlink:label="loc_ifrs-full_NetForeignExchangeGain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_NetForeignExchangeGain" xml:lang="en-US">Net foreign exchange gain</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_NetForeignExchangeGain" xml:lang="en-US">Net gain from exchange differences</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetForeignExchangeGain" xlink:to="lab_ifrs-full_NetForeignExchangeGain" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_GainsOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:label="loc_bap_GainsOnFinancialAssetsAtFairValueThroughProfitOrLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_GainsOnFinancialAssetsAtFairValueThroughProfitOrLoss" xml:lang="en-US">Gains On Financial Assets At Fair Value Through Profit Or Loss</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_bap_GainsOnFinancialAssetsAtFairValueThroughProfitOrLoss" xml:lang="en-US">Net gain on financial assets designated&#160;at fair value through profit or loss</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_GainsOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:to="lab_bap_GainsOnFinancialAssetsAtFairValueThroughProfitOrLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_GainsOnFinancialAssetsAtFairValueThroughProfitOrLoss" xml:lang="en-US">The amount of gains on financial assets at fair value through profit or loss.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_MiscellaneousOtherOperatingIncome" xlink:label="loc_ifrs-full_MiscellaneousOtherOperatingIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_MiscellaneousOtherOperatingIncome" xml:lang="en-US">Miscellaneous other operating income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_MiscellaneousOtherOperatingIncome" xml:lang="en-US">Others</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_MiscellaneousOtherOperatingIncome" xml:lang="en-US">Total other income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MiscellaneousOtherOperatingIncome" xlink:to="lab_ifrs-full_MiscellaneousOtherOperatingIncome" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherIncome" xlink:label="loc_ifrs-full_OtherIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_OtherIncome" xml:lang="en-US">Other Income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_OtherIncome" xml:lang="en-US">Total other income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherIncome" xlink:to="lab_ifrs-full_OtherIncome" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InsurancePremiumsAndClaimsAbstract" xlink:label="loc_bap_InsurancePremiumsAndClaimsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InsurancePremiumsAndClaimsAbstract" 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="lab_bap_InsurancePremiumsAndClaimsAbstract" xml:lang="en-US">Insurance premiums and claims</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InsurancePremiumsAndClaimsAbstract" xlink:to="lab_bap_InsurancePremiumsAndClaimsAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NetEarnedPremium" xlink:label="loc_ifrs-full_NetEarnedPremium" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_NetEarnedPremium" xml:lang="en-US">Net earned premium</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_NetEarnedPremium" xml:lang="en-US">Net premiums earned</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetEarnedPremium" xlink:to="lab_ifrs-full_NetEarnedPremium" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries" xlink:label="loc_ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries" 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="lab_ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries" 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="lab_ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries" xml:lang="en-US">Net insurance claims</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries" xlink:to="lab_ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PremiumsWrittenNetOfReinsurance" xlink:label="loc_ifrs-full_PremiumsWrittenNetOfReinsurance" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_PremiumsWrittenNetOfReinsurance" 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="lab_ifrs-full_PremiumsWrittenNetOfReinsurance" xml:lang="en-US">Total premiums earned less claims</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PremiumsWrittenNetOfReinsurance" xlink:to="lab_ifrs-full_PremiumsWrittenNetOfReinsurance" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherExpenseAbstract" xlink:label="loc_bap_OtherExpenseAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherExpenseAbstract" xml:lang="en-US">Other expense [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_OtherExpenseAbstract" xml:lang="en-US">Other expenses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherExpenseAbstract" xlink:to="lab_bap_OtherExpenseAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EmployeeBenefitsExpense" xlink:label="loc_ifrs-full_EmployeeBenefitsExpense" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_EmployeeBenefitsExpense" xml:lang="en-US">Employee benefits expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_EmployeeBenefitsExpense" xml:lang="en-US">Salaries and employee benefits</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_EmployeeBenefitsExpense" xml:lang="en-US">Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EmployeeBenefitsExpense" xlink:to="lab_ifrs-full_EmployeeBenefitsExpense" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdministrativeExpense" xlink:label="loc_ifrs-full_AdministrativeExpense" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AdministrativeExpense" xml:lang="en-US">Administrative expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_AdministrativeExpense" xml:lang="en-US">Administrative expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_AdministrativeExpense" xml:lang="en-US">Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdministrativeExpense" xlink:to="lab_ifrs-full_AdministrativeExpense" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DepreciationAndAmortisationExpense" xlink:label="loc_ifrs-full_DepreciationAndAmortisationExpense" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DepreciationAndAmortisationExpense" xml:lang="en-US">Depreciation and amortisation expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_DepreciationAndAmortisationExpense" xml:lang="en-US">Depreciation and amortization</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_DepreciationAndAmortisationExpense" xml:lang="en-US">Depreciation and amortization</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="lab_ifrs-full_DepreciationAndAmortisationExpense" xml:lang="en-US">Depreciation and amortization</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DepreciationAndAmortisationExpense" xlink:to="lab_ifrs-full_DepreciationAndAmortisationExpense" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NetForeignExchangeLoss" xlink:label="loc_ifrs-full_NetForeignExchangeLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_NetForeignExchangeLoss" xml:lang="en-US">Net foreign exchange loss</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_NetForeignExchangeLoss" xml:lang="en-US">Net loss from exchange differences</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetForeignExchangeLoss" xlink:to="lab_ifrs-full_NetForeignExchangeLoss" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill" xlink:label="loc_ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill" 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="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill" xml:lang="en-US">Impairment loss on goodwill</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill" xlink:to="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ImpairmentLossOnFinancialAssets" xlink:label="loc_ifrs-full_ImpairmentLossOnFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ImpairmentLossOnFinancialAssets" xml:lang="en-US">Impairment loss on financial assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_ImpairmentLossOnFinancialAssets" xml:lang="en-US">Net impairment loss on available-for-sale investments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ImpairmentLossOnFinancialAssets" xml:lang="en-US">Remeasurement: Expected loss (IFRS 9)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ImpairmentLossOnFinancialAssets" xlink:to="lab_ifrs-full_ImpairmentLossOnFinancialAssets" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_LossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:label="loc_bap_LossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_LossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xml:lang="en-US">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="lab_bap_LossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xml:lang="en-US">Net loss on financial assets designated at fair value through profit or loss</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_LossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:to="lab_bap_LossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_LossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xml:lang="en-US">The amount of loss on financial assets at fair value through profit or loss.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_MiscellaneousOtherOperatingExpense" xlink:label="loc_ifrs-full_MiscellaneousOtherOperatingExpense" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_MiscellaneousOtherOperatingExpense" xml:lang="en-US">Miscellaneous other operating expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_MiscellaneousOtherOperatingExpense" xml:lang="en-US">Others</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_MiscellaneousOtherOperatingExpense" xml:lang="en-US">Total other expenses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MiscellaneousOtherOperatingExpense" xlink:to="lab_ifrs-full_MiscellaneousOtherOperatingExpense" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherExpenseByFunction" xlink:label="loc_ifrs-full_OtherExpenseByFunction" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_OtherExpenseByFunction" xml:lang="en-US">Other expense, by function</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="lab_ifrs-full_OtherExpenseByFunction" xml:lang="en-US">Total other expenses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherExpenseByFunction" xlink:to="lab_ifrs-full_OtherExpenseByFunction" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProfitLossBeforeTax" xlink:label="loc_ifrs-full_ProfitLossBeforeTax" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ProfitLossBeforeTax" xml:lang="en-US">Profit (loss) before tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_ProfitLossBeforeTax" xml:lang="en-US">Profit before income tax</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossBeforeTax" xlink:to="lab_ifrs-full_ProfitLossBeforeTax" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:label="loc_ifrs-full_IncomeTaxExpenseContinuingOperations" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xml:lang="en-US">Tax expense (income), continuing operations</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xml:lang="en-US">Income tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xml:lang="en-US">Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:to="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProfitLoss" xlink:label="loc_ifrs-full_ProfitLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ProfitLoss" xml:lang="en-US">Profit (loss)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_ProfitLoss" xml:lang="en-US">Net profit</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ProfitLoss" xml:lang="en-US">Net profit for the year</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/presentationGuidance" xlink:label="lab_ifrs-full_ProfitLoss" xml:lang="en-US">Net profit for the year</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_ifrs-full_ProfitLoss" xml:lang="en-US">Net profit for the year</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/exampleGuidance" xlink:label="lab_ifrs-full_ProfitLoss" xml:lang="en-US">Net income (loss)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/disclosureGuidance" xlink:label="lab_ifrs-full_ProfitLoss" xml:lang="en-US">Net income (loss)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_ProfitLoss" xml:lang="en-US">Net profit</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLoss" xlink:to="lab_ifrs-full_ProfitLoss" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProfitLossAttributableToAbstract" xlink:label="loc_ifrs-full_ProfitLossAttributableToAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ProfitLossAttributableToAbstract" 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="lab_ifrs-full_ProfitLossAttributableToAbstract" xml:lang="en-US">Attributable to:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToAbstract" xlink:to="lab_ifrs-full_ProfitLossAttributableToAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:label="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" 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="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xml:lang="en-US">Credicorp's equity holders</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xml:lang="en-US">Net income attributable to equity holders of Credicorp</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:to="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:label="loc_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xml:lang="en-US">Profit (loss), attributable to non-controlling interests</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xml:lang="en-US">Non-controlling interest</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:to="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EarningsPerShareAbstract" xlink:label="loc_ifrs-full_EarningsPerShareAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_EarningsPerShareAbstract" xml:lang="en-US">Earnings Per Share [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_EarningsPerShareAbstract" xml:lang="en-US">Net basic and dilutive earnings per share attributable to Credicorp's equity holders (in Soles):</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EarningsPerShareAbstract" xlink:to="lab_ifrs-full_EarningsPerShareAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BasicEarningsLossPerShare" xlink:label="loc_ifrs-full_BasicEarningsLossPerShare" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_BasicEarningsLossPerShare" xml:lang="en-US">Basic earnings (loss) per share</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_BasicEarningsLossPerShare" xml:lang="en-US">Basic</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_BasicEarningsLossPerShare" xml:lang="en-US">Basic earnings per share (in soles)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BasicEarningsLossPerShare" xlink:to="lab_ifrs-full_BasicEarningsLossPerShare" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DilutedEarningsLossPerShare" xlink:label="loc_ifrs-full_DilutedEarningsLossPerShare" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DilutedEarningsLossPerShare" xml:lang="en-US">Diluted earnings (loss) per share</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_DilutedEarningsLossPerShare" xml:lang="en-US">Diluted</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_DilutedEarningsLossPerShare" xml:lang="en-US">Diluted earnings per share (in soles)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DilutedEarningsLossPerShare" xlink:to="lab_ifrs-full_DilutedEarningsLossPerShare" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ProvisionForCreditLossesOnLoanPortfolio" xlink:label="loc_bap_ProvisionForCreditLossesOnLoanPortfolio" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ProvisionForCreditLossesOnLoanPortfolio" 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="lab_bap_ProvisionForCreditLossesOnLoanPortfolio" xml:lang="en-US">Provision for credit losses on loan portfolio</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ProvisionForCreditLossesOnLoanPortfolio" xlink:to="lab_bap_ProvisionForCreditLossesOnLoanPortfolio" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ProvisionForCreditLossesOnLoanPortfolio" xml:lang="en-US">The amount represents the provision for loan losses.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AllowanceForCreditLossesOnAccountsReceivablesNetOfRecoveries" xlink:label="loc_bap_AllowanceForCreditLossesOnAccountsReceivablesNetOfRecoveries" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AllowanceForCreditLossesOnAccountsReceivablesNetOfRecoveries" 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="lab_bap_AllowanceForCreditLossesOnAccountsReceivablesNetOfRecoveries" xml:lang="en-US">Provision for credit losses on loan&#160;portfolio, net of&#160;recoveries</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AllowanceForCreditLossesOnAccountsReceivablesNetOfRecoveries" xlink:to="lab_bap_AllowanceForCreditLossesOnAccountsReceivablesNetOfRecoveries" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AllowanceForCreditLossesOnAccountsReceivablesNetOfRecoveries" xml:lang="en-US">Amount of Allowance for Credit Losses on Doubtful Accounts</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:label="loc_ifrs-full_StatementOfComprehensiveIncomeAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract" xml:lang="en-US">Statement of comprehensive income [abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:to="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherComprehensiveIncomeAbstract" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeAbstract" xml:lang="en-US">Other comprehensive income [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeAbstract" xml:lang="en-US">Other comprehensive income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:label="loc_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xml:lang="en-US">Components of other comprehensive income that will be reclassified to profit or loss, net of tax [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xml:lang="en-US">Other comprehensive income to be reclassified to profit or loss in subsequent periods:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:to="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxAvailableforsaleFinancialAssets" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxAvailableforsaleFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxAvailableforsaleFinancialAssets" xml:lang="en-US">Other comprehensive income, before tax, available-for-sale financial assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxAvailableforsaleFinancialAssets" xml:lang="en-US">Net gain on investments available for sale</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxAvailableforsaleFinancialAssets" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxAvailableforsaleFinancialAssets" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncomeTaxRelatingToAvailableforsaleFinancialAssetsOfOtherComprehensiveIncome" xlink:label="loc_ifrs-full_IncomeTaxRelatingToAvailableforsaleFinancialAssetsOfOtherComprehensiveIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncomeTaxRelatingToAvailableforsaleFinancialAssetsOfOtherComprehensiveIncome" xml:lang="en-US">Income tax relating to available-for-sale financial assets of other comprehensive income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_IncomeTaxRelatingToAvailableforsaleFinancialAssetsOfOtherComprehensiveIncome" xml:lang="en-US">Income tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_IncomeTaxRelatingToAvailableforsaleFinancialAssetsOfOtherComprehensiveIncome" xml:lang="en-US">Income tax</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxRelatingToAvailableforsaleFinancialAssetsOfOtherComprehensiveIncome" xlink:to="lab_ifrs-full_IncomeTaxRelatingToAvailableforsaleFinancialAssetsOfOtherComprehensiveIncome" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges" xml:lang="en-US">Other comprehensive income, before tax, cash flow hedges</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges" xml:lang="en-US">Net movement on cashflow hedges</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges" xml:lang="en-US">Other comprehensive income, before tax, cash flow hedges</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome" xlink:label="loc_ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome" xml:lang="en-US">Income tax relating to cash flow hedges of other comprehensive income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome" xml:lang="en-US">Income tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome" xml:lang="en-US">Income tax</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome" xlink:to="lab_ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges" xml:lang="en-US">Other comprehensive income, net of tax, cash flow hedges</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges" xml:lang="en-US">Other comprehensive income, net of tax, cash flow hedges</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges" xml:lang="en-US">Sub total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation" xml:lang="en-US">Other comprehensive income, before tax, exchange differences on translation</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation" xml:lang="en-US">Exchange differences on translation of foreign operations</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xml:lang="en-US">Other comprehensive income, net of tax, exchange differences on translation</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xml:lang="en-US">Other comprehensive income, net of tax, exchange differences on translation</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xml:lang="en-US">Other comprehensive income, net of tax, exchange differences on translation</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" 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/totalLabel" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xml:lang="en-US">Total</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xml:lang="en-US">Sub total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" xlink:label="loc_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" xml:lang="en-US">Gains (losses) on financial assets measured at fair value through other comprehensive income, before tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" xml:lang="en-US">Net loss on investments at fair value through other comprehensive income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" xml:lang="en-US">Total investments at fair value through other comprehensive income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" xlink:to="lab_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:label="loc_ifrs-full_IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xml:lang="en-US">Income tax relating to financial assets measured at fair value through other comprehensive income included in other comprehensive income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xml:lang="en-US">Income tax</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xml:lang="en-US">Income tax</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:to="lab_ifrs-full_IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:label="loc_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract" 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="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract" xml:lang="en-US">Not to be reclassified to profit or loss in subsequent periods:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:to="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ComprehensiveIncome" xlink:label="loc_ifrs-full_ComprehensiveIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ComprehensiveIncome" xml:lang="en-US">Comprehensive income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_ComprehensiveIncome" 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/totalLabel" xlink:label="lab_ifrs-full_ComprehensiveIncome" xml:lang="en-US">Comprehensive income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ComprehensiveIncome" xml:lang="en-US">Total comprehensive income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncome" xlink:to="lab_ifrs-full_ComprehensiveIncome" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments" 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/verboseLabel" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments" xml:lang="en-US">Net gain in equity instruments designated at fair value through other comprehensive income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments" xml:lang="en-US">Capital instruments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome" xlink:label="loc_ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome" 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="lab_ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome" xml:lang="en-US">Income tax</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome" xlink:to="lab_ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" 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="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" xml:lang="en-US">Total</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" xml:lang="en-US">Unrealized gains</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xml:lang="en-US">Other comprehensive income, net of tax, financial assets measured at fair value through other comprehensive income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xml:lang="en-US">Other comprehensive income, net of tax, financial assets measured at fair value through other comprehensive income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxAvailableforsaleFinancialAssets" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxAvailableforsaleFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxAvailableforsaleFinancialAssets" xml:lang="en-US">Other comprehensive income, net of tax, available-for-sale financial assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxAvailableforsaleFinancialAssets" xml:lang="en-US">Other comprehensive income, net of tax, available-for-sale financial assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxAvailableforsaleFinancialAssets" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxAvailableforsaleFinancialAssets" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:label="loc_ifrs-full_ComprehensiveIncomeAttributableToAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract" 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="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract" xml:lang="en-US">Attributable to:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:to="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:label="loc_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" 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="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xml:lang="en-US">Credicorp's equity holders</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:to="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:label="loc_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" 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="lab_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xml:lang="en-US">Non-controlling interest</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:to="lab_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_StatementOfChangesInEquityAbstract" xlink:label="loc_ifrs-full_StatementOfChangesInEquityAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_StatementOfChangesInEquityAbstract" xml:lang="en-US">Statement of changes in equity [abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfChangesInEquityAbstract" xlink:to="lab_ifrs-full_StatementOfChangesInEquityAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_StatementTable" xml:lang="en-US">Statement [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementTable" xlink:to="lab_us-gaap_StatementTable" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ComponentsOfEquityAxis" xlink:label="loc_ifrs-full_ComponentsOfEquityAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ComponentsOfEquityAxis" xml:lang="en-US">Components of equity [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComponentsOfEquityAxis" xlink:to="lab_ifrs-full_ComponentsOfEquityAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EquityMember" xlink:label="loc_ifrs-full_EquityMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_EquityMember" xml:lang="en-US">Equity [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityMember" xlink:to="lab_ifrs-full_EquityMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IssuedCapitalMember" xlink:label="loc_ifrs-full_IssuedCapitalMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IssuedCapitalMember" xml:lang="en-US">Issued capital [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_IssuedCapitalMember" xml:lang="en-US">Capital stock</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IssuedCapitalMember" xlink:to="lab_ifrs-full_IssuedCapitalMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TreasurySharesMember" xlink:label="loc_ifrs-full_TreasurySharesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_TreasurySharesMember" xml:lang="en-US">Treasury shares [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_TreasurySharesMember" xml:lang="en-US">Treasury Stock</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TreasurySharesMember" xlink:to="lab_ifrs-full_TreasurySharesMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_SharePremiumMember" xlink:label="loc_ifrs-full_SharePremiumMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_SharePremiumMember" xml:lang="en-US">Share premium [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_SharePremiumMember" xml:lang="en-US">Capital surplus</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SharePremiumMember" xlink:to="lab_ifrs-full_SharePremiumMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_MiscellaneousOtherReservesMember" xlink:label="loc_ifrs-full_MiscellaneousOtherReservesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_MiscellaneousOtherReservesMember" xml:lang="en-US">Miscellaneous other reserves [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_MiscellaneousOtherReservesMember" xml:lang="en-US">Reserves</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MiscellaneousOtherReservesMember" xlink:to="lab_ifrs-full_MiscellaneousOtherReservesMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReserveOfChangeInValueOfTimeValueOfOptionsMember" xlink:label="loc_ifrs-full_ReserveOfChangeInValueOfTimeValueOfOptionsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ReserveOfChangeInValueOfTimeValueOfOptionsMember" xml:lang="en-US">Reserve of change in value of time value of options [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ReserveOfChangeInValueOfTimeValueOfOptionsMember" xml:lang="en-US">Put options</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfChangeInValueOfTimeValueOfOptionsMember" xlink:to="lab_ifrs-full_ReserveOfChangeInValueOfTimeValueOfOptionsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReserveOfGainsAndLossesOnRemeasuringAvailableforsaleFinancialAssetsMember" xlink:label="loc_ifrs-full_ReserveOfGainsAndLossesOnRemeasuringAvailableforsaleFinancialAssetsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ReserveOfGainsAndLossesOnRemeasuringAvailableforsaleFinancialAssetsMember" xml:lang="en-US">Reserve of gains and losses on remeasuring available-for-sale financial assets [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ReserveOfGainsAndLossesOnRemeasuringAvailableforsaleFinancialAssetsMember" xml:lang="en-US">Available-for-sale investment reserve</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_ReserveOfGainsAndLossesOnRemeasuringAvailableforsaleFinancialAssetsMember" xml:lang="en-US">Reserve for available-for-sale investments [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_ifrs-full_ReserveOfGainsAndLossesOnRemeasuringAvailableforsaleFinancialAssetsMember" xml:lang="en-US">Available-for-sale investment reserve [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfGainsAndLossesOnRemeasuringAvailableforsaleFinancialAssetsMember" xlink:to="lab_ifrs-full_ReserveOfGainsAndLossesOnRemeasuringAvailableforsaleFinancialAssetsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReserveOfCashFlowHedgesMember" xlink:label="loc_ifrs-full_ReserveOfCashFlowHedgesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ReserveOfCashFlowHedgesMember" xml:lang="en-US">Reserve of cash flow hedges [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ReserveOfCashFlowHedgesMember" xml:lang="en-US">Cash flow hedge reserve</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_ReserveOfCashFlowHedgesMember" xml:lang="en-US">Reserve for cash flow hedges [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_ifrs-full_ReserveOfCashFlowHedgesMember" xml:lang="en-US">Cash flow hedge reserve [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfCashFlowHedgesMember" xlink:to="lab_ifrs-full_ReserveOfCashFlowHedgesMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:label="loc_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xml:lang="en-US">Reserve of exchange differences on translation [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xml:lang="en-US">Foreign currency translation reserve</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xml:lang="en-US">Foreign exchange translation [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:to="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RetainedEarningsMember" xlink:label="loc_us-gaap_RetainedEarningsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_RetainedEarningsMember" xml:lang="en-US">Retained Earnings [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_RetainedEarningsMember" xml:lang="en-US">Retained earnings</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RetainedEarningsMember" xlink:to="lab_us-gaap_RetainedEarningsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:label="loc_ifrs-full_EquityAttributableToOwnersOfParentMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_EquityAttributableToOwnersOfParentMember" xml:lang="en-US">Equity attributable to owners of parent [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_EquityAttributableToOwnersOfParentMember" xml:lang="en-US">Equity attributable to owners of parent, Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:to="lab_ifrs-full_EquityAttributableToOwnersOfParentMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NoncontrollingInterestsMember" xlink:label="loc_ifrs-full_NoncontrollingInterestsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_NoncontrollingInterestsMember" xml:lang="en-US">Non-controlling interests [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_NoncontrollingInterestsMember" xml:lang="en-US">Non-controlling interest</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncontrollingInterestsMember" xlink:to="lab_ifrs-full_NoncontrollingInterestsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ReserveOfGainsAndLossesFromInvestmentsInDebtInstrumentsMember" xlink:label="loc_bap_ReserveOfGainsAndLossesFromInvestmentsInDebtInstrumentsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ReserveOfGainsAndLossesFromInvestmentsInDebtInstrumentsMember" 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/verboseLabel" xlink:label="lab_bap_ReserveOfGainsAndLossesFromInvestmentsInDebtInstrumentsMember" xml:lang="en-US">Investments in debt instruments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ReserveOfGainsAndLossesFromInvestmentsInDebtInstrumentsMember" xlink:to="lab_bap_ReserveOfGainsAndLossesFromInvestmentsInDebtInstrumentsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember" xlink:label="loc_ifrs-full_ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember" 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/verboseLabel" xlink:label="lab_ifrs-full_ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember" xml:lang="en-US">Investments in equity instruments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember" xlink:to="lab_ifrs-full_ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_StatementLineItems" xml:lang="en-US">Statement [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementLineItems" xlink:to="lab_us-gaap_StatementLineItems" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ChangesInEquityAbstract" xlink:label="loc_ifrs-full_ChangesInEquityAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ChangesInEquityAbstract" xml:lang="en-US">Changes in equity [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_ChangesInEquityAbstract" xml:lang="en-US">Changes in equity</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ChangesInEquityAbstract" xlink:to="lab_ifrs-full_ChangesInEquityAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherComprehensiveIncome" xlink:label="loc_ifrs-full_OtherComprehensiveIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_OtherComprehensiveIncome" xml:lang="en-US">Other comprehensive income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_OtherComprehensiveIncome" xml:lang="en-US">Other comprehensive income, Note 17(d)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncome" xlink:to="lab_ifrs-full_OtherComprehensiveIncome" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughAppropriationOfRetainedEarnings" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughAppropriationOfRetainedEarnings" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughAppropriationOfRetainedEarnings" 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="lab_ifrs-full_IncreaseDecreaseThroughAppropriationOfRetainedEarnings" xml:lang="en-US">Transfer of retained earnings to reserves, Note 17(c)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughAppropriationOfRetainedEarnings" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughAppropriationOfRetainedEarnings" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DividendsRecognisedAsDistributionsToOwnersOfParent" xlink:label="loc_ifrs-full_DividendsRecognisedAsDistributionsToOwnersOfParent" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DividendsRecognisedAsDistributionsToOwnersOfParent" 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="lab_ifrs-full_DividendsRecognisedAsDistributionsToOwnersOfParent" xml:lang="en-US">Dividend distribution, Note 17(e)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsRecognisedAsDistributionsToOwnersOfParent" xlink:to="lab_ifrs-full_DividendsRecognisedAsDistributionsToOwnersOfParent" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DividendsRecognisedAsDistributionsToNoncontrollingInterests" xlink:label="loc_ifrs-full_DividendsRecognisedAsDistributionsToNoncontrollingInterests" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DividendsRecognisedAsDistributionsToNoncontrollingInterests" 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="lab_ifrs-full_DividendsRecognisedAsDistributionsToNoncontrollingInterests" xml:lang="en-US">Dividends of subsidiaries</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsRecognisedAsDistributionsToNoncontrollingInterests" xlink:to="lab_ifrs-full_DividendsRecognisedAsDistributionsToNoncontrollingInterests" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AdvanceDividends" xlink:label="loc_bap_AdvanceDividends" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AdvanceDividends" xml:lang="en-US">Advance Dividends</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_AdvanceDividends" xml:lang="en-US">Additional dividends, Note 17(e)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AdvanceDividends" xlink:to="lab_bap_AdvanceDividends" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AdvanceDividends" xml:lang="en-US">The amount of Dividend Advanced.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTreasuryShareTransactions" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughTreasuryShareTransactions" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTreasuryShareTransactions" 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="lab_ifrs-full_IncreaseDecreaseThroughTreasuryShareTransactions" xml:lang="en-US">Purchase of treasury stock, Note 17(b)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughTreasuryShareTransactions" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughTreasuryShareTransactions" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" 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="lab_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xml:lang="en-US">Share-based payment transactions</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" 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="lab_ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xml:lang="en-US">Acquisition of non-controlling interest, Note 2(b)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" 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="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xml:lang="en-US">Others</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_IncreaseDecreaseChangeInAccounting" xlink:label="loc_bap_IncreaseDecreaseChangeInAccounting" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_IncreaseDecreaseChangeInAccounting" xml:lang="en-US">Increase Decrease Change In Accounting</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_bap_IncreaseDecreaseChangeInAccounting" xml:lang="en-US">Change in accounting policy, Note 3(a)(i)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_IncreaseDecreaseChangeInAccounting" xlink:to="lab_bap_IncreaseDecreaseChangeInAccounting" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_IncreaseDecreaseChangeInAccounting" xml:lang="en-US">Change in accounting policy.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis" xlink:label="loc_ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis" xml:lang="en-US">Retrospective application and retrospective restatement [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis" xlink:to="lab_ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RestatedMember" xlink:label="loc_ifrs-full_RestatedMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_RestatedMember" xml:lang="en-US">Currently stated [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RestatedMember" xlink:to="lab_ifrs-full_RestatedMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PreviouslyStatedMember" xlink:label="loc_ifrs-full_PreviouslyStatedMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_PreviouslyStatedMember" xml:lang="en-US">Previously stated [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_PreviouslyStatedMember" xml:lang="en-US">Restated</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PreviouslyStatedMember" xlink:to="lab_ifrs-full_PreviouslyStatedMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_StatementOfCashFlowsAbstract" xlink:label="loc_ifrs-full_StatementOfCashFlowsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_StatementOfCashFlowsAbstract" xml:lang="en-US">Statement of Cash Flows [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfCashFlowsAbstract" xlink:to="lab_ifrs-full_StatementOfCashFlowsAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassesOfAssetsAxis" xlink:label="loc_ifrs-full_ClassesOfAssetsAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ClassesOfAssetsAxis" xml:lang="en-US">Classes of assets [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfAssetsAxis" xlink:to="lab_ifrs-full_ClassesOfAssetsAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassesOfAssetsMember" xlink:label="loc_ifrs-full_ClassesOfAssetsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ClassesOfAssetsMember" xml:lang="en-US">Assets [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfAssetsMember" xlink:to="lab_ifrs-full_ClassesOfAssetsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" 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="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xml:lang="en-US">CASH AND CASH EQUIVALENTS FROM OPERATING ACTIVITIES</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:to="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:label="loc_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" 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="lab_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xml:lang="en-US">Adjustment to reconcile net profit to net cash arising from operating activities:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:to="lab_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForProvisions" xlink:label="loc_ifrs-full_AdjustmentsForProvisions" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AdjustmentsForProvisions" xml:lang="en-US">Adjustments for provisions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_AdjustmentsForProvisions" xml:lang="en-US">Provision for credit losses on loan portfolio</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForProvisions" xlink:to="lab_ifrs-full_AdjustmentsForProvisions" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DepreciationOnInvestmentProperty" xlink:label="loc_bap_DepreciationOnInvestmentProperty" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DepreciationOnInvestmentProperty" xml:lang="en-US">Depreciation on investment property</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_DepreciationOnInvestmentProperty" xml:lang="en-US">Depreciation of investment properties</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DepreciationOnInvestmentProperty" xlink:to="lab_bap_DepreciationOnInvestmentProperty" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DepreciationOnInvestmentProperty" xml:lang="en-US">The amount of depreciation recognised on investment property.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DeferredTaxExpenseIncome" xlink:label="loc_ifrs-full_DeferredTaxExpenseIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DeferredTaxExpenseIncome" xml:lang="en-US">Deferred tax expense (income)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_DeferredTaxExpenseIncome" xml:lang="en-US">Deferred income tax</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeferredTaxExpenseIncome" xlink:to="lab_ifrs-full_DeferredTaxExpenseIncome" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AdjustmentsForTechnicalReserves" xlink:label="loc_bap_AdjustmentsForTechnicalReserves" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AdjustmentsForTechnicalReserves" xml:lang="en-US">Adjustments for technical reserves</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_AdjustmentsForTechnicalReserves" xml:lang="en-US">Adjustment of technical reserves</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AdjustmentsForTechnicalReserves" xlink:to="lab_bap_AdjustmentsForTechnicalReserves" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AdjustmentsForTechnicalReserves" xml:lang="en-US">Adjustments for technical reserves to reconcile profit (loss) to net cash flow from (used in) operating activities.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForImpairmentLossRecognisedInProfitOrLossGoodwill" xlink:label="loc_ifrs-full_AdjustmentsForImpairmentLossRecognisedInProfitOrLossGoodwill" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AdjustmentsForImpairmentLossRecognisedInProfitOrLossGoodwill" 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="lab_ifrs-full_AdjustmentsForImpairmentLossRecognisedInProfitOrLossGoodwill" xml:lang="en-US">Impairment loss on goodwill</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForImpairmentLossRecognisedInProfitOrLossGoodwill" xlink:to="lab_ifrs-full_AdjustmentsForImpairmentLossRecognisedInProfitOrLossGoodwill" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForIncreaseInOtherProvisionsArisingFromPassageOfTime" xlink:label="loc_ifrs-full_AdjustmentsForIncreaseInOtherProvisionsArisingFromPassageOfTime" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AdjustmentsForIncreaseInOtherProvisionsArisingFromPassageOfTime" 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/verboseLabel" xlink:label="lab_ifrs-full_AdjustmentsForIncreaseInOtherProvisionsArisingFromPassageOfTime" xml:lang="en-US">Provision for sundry risks</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_AdjustmentsForIncreaseInOtherProvisionsArisingFromPassageOfTime" xml:lang="en-US">Provision for sundry risks, Note 12(f)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForIncreaseInOtherProvisionsArisingFromPassageOfTime" xlink:to="lab_ifrs-full_AdjustmentsForIncreaseInOtherProvisionsArisingFromPassageOfTime" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:label="loc_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" 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="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xml:lang="en-US">Net loss (gain) on 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="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xml:lang="en-US">Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:to="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" xlink:label="loc_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" 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="lab_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" xml:lang="en-US">(Gain) loss on sales of property, furniture and equipment</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:label="loc_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" 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="lab_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xml:lang="en-US">Net loss (gain) from sale of seized and recovered assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:to="lab_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForSharebasedPayments" xlink:label="loc_ifrs-full_AdjustmentsForSharebasedPayments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AdjustmentsForSharebasedPayments" xml:lang="en-US">Adjustments for share-based payments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_AdjustmentsForSharebasedPayments" xml:lang="en-US">Expense for share-based payment transactions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_AdjustmentsForSharebasedPayments" xml:lang="en-US">Share-based payment plans</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForSharebasedPayments" xlink:to="lab_ifrs-full_AdjustmentsForSharebasedPayments" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherAdjustmentsForNoncashItems" xlink:label="loc_ifrs-full_OtherAdjustmentsForNoncashItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_OtherAdjustmentsForNoncashItems" 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="lab_ifrs-full_OtherAdjustmentsForNoncashItems" xml:lang="en-US">Others</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherAdjustmentsForNoncashItems" xlink:to="lab_ifrs-full_OtherAdjustmentsForNoncashItems" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_NetChangesInAssetsAndLiabilitiesAbstract" xlink:label="loc_bap_NetChangesInAssetsAndLiabilitiesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_NetChangesInAssetsAndLiabilitiesAbstract" 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="lab_bap_NetChangesInAssetsAndLiabilitiesAbstract" xml:lang="en-US">Net changes in assets and liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_NetChangesInAssetsAndLiabilitiesAbstract" xlink:to="lab_bap_NetChangesInAssetsAndLiabilitiesAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_IncreaseDecreaseInAssetsAbstract" xlink:label="loc_bap_IncreaseDecreaseInAssetsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_IncreaseDecreaseInAssetsAbstract" 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="lab_bap_IncreaseDecreaseInAssetsAbstract" xml:lang="en-US">Net (increase) decrease in assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_IncreaseDecreaseInAssetsAbstract" xlink:to="lab_bap_IncreaseDecreaseInAssetsAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers" xlink:label="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers" 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="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers" xml:lang="en-US">Loans</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers" xlink:to="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AdjustmentsForDecreaseIncreaseInAvailableForSaleSecurities" xlink:label="loc_bap_AdjustmentsForDecreaseIncreaseInAvailableForSaleSecurities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AdjustmentsForDecreaseIncreaseInAvailableForSaleSecurities" xml:lang="en-US">Adjustments for decrease increase in available for sale securities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_AdjustmentsForDecreaseIncreaseInAvailableForSaleSecurities" xml:lang="en-US">Investments available-for-sale</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AdjustmentsForDecreaseIncreaseInAvailableForSaleSecurities" xlink:to="lab_bap_AdjustmentsForDecreaseIncreaseInAvailableForSaleSecurities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AdjustmentsForDecreaseIncreaseInAvailableForSaleSecurities" xml:lang="en-US">Adjustments for decrease(increase) in available for sale securities to reconcile profit (loss) to net cash flow from (used in) operating activities.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xlink:label="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" 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="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xml:lang="en-US">Cash collateral, reverse repurchase agreements and securities borrowings</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xlink:to="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets" xlink:label="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets" 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="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets" xml:lang="en-US">Other assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets" xlink:to="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty" xlink:label="loc_ifrs-full_AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty" 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="lab_ifrs-full_AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty" xml:lang="en-US">Investments at fair value through profit or loss</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty" xlink:to="lab_ifrs-full_AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AdjustmentsForGainslossesOnFairValueAdjustmentRecognizedInOtherComprehensiveIncomeInvestmentProperty" xlink:label="loc_bap_AdjustmentsForGainslossesOnFairValueAdjustmentRecognizedInOtherComprehensiveIncomeInvestmentProperty" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AdjustmentsForGainslossesOnFairValueAdjustmentRecognizedInOtherComprehensiveIncomeInvestmentProperty" 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="lab_bap_AdjustmentsForGainslossesOnFairValueAdjustmentRecognizedInOtherComprehensiveIncomeInvestmentProperty" xml:lang="en-US">Investments at fair value through other comprehensive income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AdjustmentsForGainslossesOnFairValueAdjustmentRecognizedInOtherComprehensiveIncomeInvestmentProperty" xlink:to="lab_bap_AdjustmentsForGainslossesOnFairValueAdjustmentRecognizedInOtherComprehensiveIncomeInvestmentProperty" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AdjustmentsForGainslossesOnFairValueAdjustmentRecognizedInOtherComprehensiveIncomeInvestmentProperty" 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>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_IncreaseDecreaseInLiabilitiesAbstract" xlink:label="loc_bap_IncreaseDecreaseInLiabilitiesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_IncreaseDecreaseInLiabilitiesAbstract" 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="lab_bap_IncreaseDecreaseInLiabilitiesAbstract" xml:lang="en-US">Net increase (decrease) in liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_IncreaseDecreaseInLiabilitiesAbstract" xlink:to="lab_bap_IncreaseDecreaseInLiabilitiesAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers" xlink:label="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers" 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="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers" xml:lang="en-US">Deposits and obligations</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers" xlink:to="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromBanks" xlink:label="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromBanks" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromBanks" 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="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromBanks" xml:lang="en-US">Due to Banks and correspondents</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromBanks" xlink:to="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromBanks" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:label="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" 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="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xml:lang="en-US">Payables from repurchase agreements and securities lending</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:to="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AdjustmentsForIncreaseDecreaseInBondsAndNotesIssued" xlink:label="loc_bap_AdjustmentsForIncreaseDecreaseInBondsAndNotesIssued" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AdjustmentsForIncreaseDecreaseInBondsAndNotesIssued" 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="lab_bap_AdjustmentsForIncreaseDecreaseInBondsAndNotesIssued" xml:lang="en-US">Bonds and notes issued</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AdjustmentsForIncreaseDecreaseInBondsAndNotesIssued" xlink:to="lab_bap_AdjustmentsForIncreaseDecreaseInBondsAndNotesIssued" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AdjustmentsForIncreaseDecreaseInBondsAndNotesIssued" 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>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities" xlink:label="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities" 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="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities" xml:lang="en-US">Other liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities" xlink:to="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xlink:label="loc_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" 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="lab_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xml:lang="en-US">Income tax paid</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xlink:to="lab_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" 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="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xml:lang="en-US">Net cash flow from operating activities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" 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="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xml:lang="en-US">NET CASH FLOWS FROM INVESTING ACTIVITIES</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:to="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:label="loc_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" 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="lab_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xml:lang="en-US">Revenue from sale of property, furniture and equipment</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="lab_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProceedsFromSalesOfInvestmentProperty" xlink:label="loc_ifrs-full_ProceedsFromSalesOfInvestmentProperty" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ProceedsFromSalesOfInvestmentProperty" xml:lang="en-US">Proceeds from sales of investment property</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ProceedsFromSalesOfInvestmentProperty" xml:lang="en-US">Revenue from sale of investment property</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromSalesOfInvestmentProperty" xlink:to="lab_ifrs-full_ProceedsFromSalesOfInvestmentProperty" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:label="loc_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" 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="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xml:lang="en-US">Purchase of property, furniture and equipment</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PurchaseOfInvestmentProperty" xlink:label="loc_ifrs-full_PurchaseOfInvestmentProperty" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_PurchaseOfInvestmentProperty" xml:lang="en-US">Purchase of investment property</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_PurchaseOfInvestmentProperty" xml:lang="en-US">Purchase of investment property</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfInvestmentProperty" xlink:to="lab_ifrs-full_PurchaseOfInvestmentProperty" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:label="loc_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" 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="lab_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xml:lang="en-US">Additions of intangible assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:to="lab_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:label="loc_ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xml:lang="en-US">Purchase of investments other than investments accounted for using equity method</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xml:lang="en-US">Held-to-maturity investments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:to="lab_ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" 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="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xml:lang="en-US">Net cash flows from investing activities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ProceedsFromAmortizedCostInvestments" xlink:label="loc_bap_ProceedsFromAmortizedCostInvestments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ProceedsFromAmortizedCostInvestments" 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="lab_bap_ProceedsFromAmortizedCostInvestments" xml:lang="en-US">Amortized cost investments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ProceedsFromAmortizedCostInvestments" xlink:to="lab_bap_ProceedsFromAmortizedCostInvestments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ProceedsFromAmortizedCostInvestments" xml:lang="en-US">The cash inflow from amortizing investments.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" 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="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xml:lang="en-US">NET CASH FLOWS FROM FINANCING ACTIVITIES</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:to="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:label="loc_ifrs-full_DividendsPaidClassifiedAsFinancingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DividendsPaidClassifiedAsFinancingActivities" 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="lab_ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xml:lang="en-US">Dividends paid</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:to="lab_ifrs-full_DividendsPaidClassifiedAsFinancingActivities" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DividendsPaidInAdvance" xlink:label="loc_bap_DividendsPaidInAdvance" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DividendsPaidInAdvance" xml:lang="en-US">Dividends Paid In Advance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_bap_DividendsPaidInAdvance" xml:lang="en-US">Additional dividends</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DividendsPaidInAdvance" xlink:to="lab_bap_DividendsPaidInAdvance" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DividendsPaidInAdvance" xml:lang="en-US">The amount of dividends paid in advance.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities" xlink:label="loc_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities" xml:lang="en-US">Proceeds from borrowings, classified as financing activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities" xml:lang="en-US">Subordinated bonds and notes issued</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities" xlink:to="lab_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries" xlink:label="loc_ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries" 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="lab_ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries" xml:lang="en-US">Acquisition of non-controlling interest</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="lab_ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries" xml:lang="en-US">Payment made / execution of sale option</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries" xml:lang="en-US">Payments from changes in ownership interests in subsidiaries that do not result in loss of control</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries" xlink:to="lab_ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" 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="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xml:lang="en-US">Net cash flows from financing activities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:label="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" 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="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xml:lang="en-US">Net increase (decrease) of cash and cash equivalents before effect of changes in exchange rate</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:to="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:label="loc_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" 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="lab_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xml:lang="en-US">Effect of changes in exchange rate of cash and cash equivalents</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:to="lab_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PurchaseOfTreasuryShares" xlink:label="loc_ifrs-full_PurchaseOfTreasuryShares" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_PurchaseOfTreasuryShares" xml:lang="en-US">Purchase of treasury shares</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_PurchaseOfTreasuryShares" xml:lang="en-US">Purchase of treasury stock</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfTreasuryShares" xlink:to="lab_ifrs-full_PurchaseOfTreasuryShares" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashAndCashEquivalents" xlink:label="loc_ifrs-full_CashAndCashEquivalents" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xml:lang="en-US">Cash and cash equivalents</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xml:lang="en-US">Cash and cash equivalents at the beginning of the year</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xml:lang="en-US">Cash and cash equivalents at the end of the year</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xml:lang="en-US">Total cash and cash equivalents</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashAndCashEquivalents" xlink:to="lab_ifrs-full_CashAndCashEquivalents" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AdditionalInformationFromCashFlowsAbstract" xlink:label="loc_bap_AdditionalInformationFromCashFlowsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AdditionalInformationFromCashFlowsAbstract" xml:lang="en-US">Additional information from cash flows [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_AdditionalInformationFromCashFlowsAbstract" xml:lang="en-US">Additional information from cash flows</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AdditionalInformationFromCashFlowsAbstract" xlink:to="lab_bap_AdditionalInformationFromCashFlowsAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:label="loc_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" 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="lab_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xml:lang="en-US">Interest received</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:to="lab_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:label="loc_ifrs-full_InterestPaidClassifiedAsOperatingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_InterestPaidClassifiedAsOperatingActivities" 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="lab_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xml:lang="en-US">Interest paid</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:to="lab_ifrs-full_InterestPaidClassifiedAsOperatingActivities" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesAbstract" xlink:label="loc_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesAbstract" xml:lang="en-US">Disclosure of reconciliation of liabilities arising from financing activities [abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesAbstract" xlink:to="lab_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesTable" xlink:label="loc_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesTable" xml:lang="en-US">Disclosure of reconciliation of liabilities arising from financing activities [table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesTable" xlink:to="lab_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesTable" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis" xlink:label="loc_ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis" xml:lang="en-US">Liabilities arising from financing activities [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis" xlink:to="lab_ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LiabilitiesArisingFromFinancingActivitiesMember" xlink:label="loc_ifrs-full_LiabilitiesArisingFromFinancingActivitiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_LiabilitiesArisingFromFinancingActivitiesMember" xml:lang="en-US">Liabilities arising from financing activities [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LiabilitiesArisingFromFinancingActivitiesMember" xlink:to="lab_ifrs-full_LiabilitiesArisingFromFinancingActivitiesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SubordinatedBondsMember" xlink:label="loc_bap_SubordinatedBondsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SubordinatedBondsMember" xml:lang="en-US">Subordinated bonds [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SubordinatedBondsMember" xlink:to="lab_bap_SubordinatedBondsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_SubordinatedBondsMember" xml:lang="en-US">Subordinated bonds [member]</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_MeasurementAxis" xlink:label="loc_ifrs-full_MeasurementAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_MeasurementAxis" xml:lang="en-US">Measurement [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MeasurementAxis" xlink:to="lab_ifrs-full_MeasurementAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AggregatedMeasurementMember" xlink:label="loc_ifrs-full_AggregatedMeasurementMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AggregatedMeasurementMember" xml:lang="en-US">Aggregated measurement [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AggregatedMeasurementMember" xlink:to="lab_ifrs-full_AggregatedMeasurementMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AtCostMember" xlink:label="loc_ifrs-full_AtCostMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AtCostMember" xml:lang="en-US">At cost [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_AtCostMember" xml:lang="en-US">Amortized Cost</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AtCostMember" xlink:to="lab_ifrs-full_AtCostMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AtFairValueMember" xlink:label="loc_ifrs-full_AtFairValueMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AtFairValueMember" xml:lang="en-US">At fair value [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_AtFairValueMember" xml:lang="en-US">Fair value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AtFairValueMember" xlink:to="lab_ifrs-full_AtFairValueMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesLineItems" xlink:label="loc_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesLineItems" xml:lang="en-US">Disclosure of reconciliation of liabilities arising from financing activities [line items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesLineItems" xlink:to="lab_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesLineItems" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LiabilitiesArisingFromFinancingActivities" xlink:label="loc_ifrs-full_LiabilitiesArisingFromFinancingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_LiabilitiesArisingFromFinancingActivities" xml:lang="en-US">Liabilities arising from financing activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_ifrs-full_LiabilitiesArisingFromFinancingActivities" xml:lang="en-US">At January 1, 2017</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_ifrs-full_LiabilitiesArisingFromFinancingActivities" xml:lang="en-US">At December 31, 2017</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LiabilitiesArisingFromFinancingActivities" xlink:to="lab_ifrs-full_LiabilitiesArisingFromFinancingActivities" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities" xlink:label="loc_ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities" 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="lab_ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities" xml:lang="en-US">New issues</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities" xlink:to="lab_ifrs-full_IncreaseThroughNewLeasesLiabilitiesArisingFromFinancingActivities" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughObtainingOrLosingControlOfSubsidiariesOrOtherBusinessesLiabilitiesArisingFromFinancingActivities" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughObtainingOrLosingControlOfSubsidiariesOrOtherBusinessesLiabilitiesArisingFromFinancingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughObtainingOrLosingControlOfSubsidiariesOrOtherBusinessesLiabilitiesArisingFromFinancingActivities" 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="lab_ifrs-full_IncreaseDecreaseThroughObtainingOrLosingControlOfSubsidiariesOrOtherBusinessesLiabilitiesArisingFromFinancingActivities" xml:lang="en-US">Amortization of principal</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughObtainingOrLosingControlOfSubsidiariesOrOtherBusinessesLiabilitiesArisingFromFinancingActivities" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughObtainingOrLosingControlOfSubsidiariesOrOtherBusinessesLiabilitiesArisingFromFinancingActivities" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities" 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="lab_ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities" xml:lang="en-US">Exchange difference</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities" 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="lab_ifrs-full_IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities" xml:lang="en-US">Changes in fair value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughChangesInFairValuesLiabilitiesArisingFromFinancingActivities" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities" 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="lab_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities" xml:lang="en-US">Others</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesArisingFromFinancingActivities" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_IncreaseDecreaseThroughDiscontinuingOfHedgeLiabilitiesArisingFromFinancingActivities" xlink:label="loc_bap_IncreaseDecreaseThroughDiscontinuingOfHedgeLiabilitiesArisingFromFinancingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_IncreaseDecreaseThroughDiscontinuingOfHedgeLiabilitiesArisingFromFinancingActivities" 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="lab_bap_IncreaseDecreaseThroughDiscontinuingOfHedgeLiabilitiesArisingFromFinancingActivities" xml:lang="en-US">Discontinuing of hedge</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_IncreaseDecreaseThroughDiscontinuingOfHedgeLiabilitiesArisingFromFinancingActivities" xlink:to="lab_bap_IncreaseDecreaseThroughDiscontinuingOfHedgeLiabilitiesArisingFromFinancingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_IncreaseDecreaseThroughDiscontinuingOfHedgeLiabilitiesArisingFromFinancingActivities" xml:lang="en-US">Increase decrease through discontinuing of hedge, liabilities arising from financing activities.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfOperationsAbstract" xlink:label="loc_bap_DisclosureOfOperationsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfOperationsAbstract" xml:lang="en-US">Disclosure of Operations [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfOperationsAbstract" xlink:to="lab_bap_DisclosureOfOperationsAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfBasisOfConsolidationExplanatory" xlink:label="loc_ifrs-full_DisclosureOfBasisOfConsolidationExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfBasisOfConsolidationExplanatory" xml:lang="en-US">Disclosure of basis of consolidation [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfBasisOfConsolidationExplanatory" xlink:to="lab_ifrs-full_DisclosureOfBasisOfConsolidationExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfAcquisitionsTransfersAndMergerAbstract" xlink:label="loc_bap_DisclosureOfAcquisitionsTransfersAndMergerAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfAcquisitionsTransfersAndMergerAbstract" xml:lang="en-US">Disclosure Of Acquisitions, Transfers And Merger [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfAcquisitionsTransfersAndMergerAbstract" xlink:to="lab_bap_DisclosureOfAcquisitionsTransfersAndMergerAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfBusinessCombinationsExplanatory" xlink:label="loc_ifrs-full_DisclosureOfBusinessCombinationsExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfBusinessCombinationsExplanatory" xml:lang="en-US">Disclosure of business combinations [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfBusinessCombinationsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfBusinessCombinationsExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfSignificantAccountingPoliciesAbstract" xlink:label="loc_bap_DisclosureOfSignificantAccountingPoliciesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfSignificantAccountingPoliciesAbstract" xml:lang="en-US">Disclosure Of Significant Accounting Policies [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfSignificantAccountingPoliciesAbstract" xlink:to="lab_bap_DisclosureOfSignificantAccountingPoliciesAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory" xlink:label="loc_ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory" xml:lang="en-US">Disclosure of significant accounting policies [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfCashAndCashEquivalentsAbstract" xlink:label="loc_bap_DisclosureOfCashAndCashEquivalentsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfCashAndCashEquivalentsAbstract" xml:lang="en-US">Disclosure Of Cash And Cash Equivalents [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfCashAndCashEquivalentsAbstract" xlink:to="lab_bap_DisclosureOfCashAndCashEquivalentsAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory" xlink:label="loc_ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory" xml:lang="en-US">Disclosure of cash and cash equivalents [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsAbstract" xlink:label="loc_bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsAbstract" xml:lang="en-US">Disclosure of Cash Collateral, Reverse Repurchase Agreements And Securities Borrowings And Payables From Repurchase Agreements And Security Lending's [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsAbstract" xlink:to="lab_bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsAbstract" xml:lang="en-US">The details about the cash collateral, reverse repurchase agreements and payables from repurchase agreements and security lending's.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfRepurchaseAndReverseRepurchaseAgreementsExplanatory" xlink:label="loc_ifrs-full_DisclosureOfRepurchaseAndReverseRepurchaseAgreementsExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfRepurchaseAndReverseRepurchaseAgreementsExplanatory" xml:lang="en-US">Disclosure of repurchase and reverse repurchase agreements [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfRepurchaseAndReverseRepurchaseAgreementsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfRepurchaseAndReverseRepurchaseAgreementsExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfInvestmentsAbstract" xlink:label="loc_bap_DisclosureOfInvestmentsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfInvestmentsAbstract" xml:lang="en-US">Disclosure of Investments [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfInvestmentsAbstract" xlink:to="lab_bap_DisclosureOfInvestmentsAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory" xlink:label="loc_ifrs-full_DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory" xml:lang="en-US">Disclosure of investments other than investments accounted for using equity method [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory" xlink:to="lab_ifrs-full_DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfLoansNetAbstract" xlink:label="loc_bap_DisclosureOfLoansNetAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfLoansNetAbstract" xml:lang="en-US">Disclosure of Loans, Net [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfLoansNetAbstract" xlink:to="lab_bap_DisclosureOfLoansNetAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfLoansAndAdvancesToCustomersExplanatory" xlink:label="loc_ifrs-full_DisclosureOfLoansAndAdvancesToCustomersExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfLoansAndAdvancesToCustomersExplanatory" xml:lang="en-US">Disclosure of loans and advances to customers [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfLoansAndAdvancesToCustomersExplanatory" xlink:to="lab_ifrs-full_DisclosureOfLoansAndAdvancesToCustomersExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatoryAbstract" xlink:label="loc_bap_DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatoryAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatoryAbstract" xml:lang="en-US">Disclosure of financial instruments designated at fair value through profit or loss explanatory [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatoryAbstract" xlink:to="lab_bap_DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatoryAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatory" xlink:label="loc_ifrs-full_DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatory" xml:lang="en-US">Disclosure of financial instruments designated at fair value through profit or loss [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfInsuranceContractsExplanatoryAbstract" xlink:label="loc_bap_DisclosureOfInsuranceContractsExplanatoryAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfInsuranceContractsExplanatoryAbstract" xml:lang="en-US">Disclosure Of insurance contracts explanatory [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfInsuranceContractsExplanatoryAbstract" xlink:to="lab_bap_DisclosureOfInsuranceContractsExplanatoryAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfInsuranceContractsExplanatory" xlink:label="loc_ifrs-full_DisclosureOfInsuranceContractsExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfInsuranceContractsExplanatory" xml:lang="en-US">Disclosure of insurance contracts [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfInsuranceContractsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfInsuranceContractsExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfPropertyFurnitureAndEquipmentNetAbstract" xlink:label="loc_bap_DisclosureOfPropertyFurnitureAndEquipmentNetAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfPropertyFurnitureAndEquipmentNetAbstract" xml:lang="en-US">Disclosure of Property, Furniture And Equipment, Net [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfPropertyFurnitureAndEquipmentNetAbstract" xlink:to="lab_bap_DisclosureOfPropertyFurnitureAndEquipmentNetAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:label="loc_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xml:lang="en-US">Disclosure of property, plant and equipment [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:to="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfIntangibleAssetsAbstract" xlink:label="loc_ifrs-full_DisclosureOfIntangibleAssetsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfIntangibleAssetsAbstract" xml:lang="en-US">Disclosure of detailed information about intangible assets [abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfIntangibleAssetsAbstract" xlink:to="lab_ifrs-full_DisclosureOfIntangibleAssetsAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xlink:label="loc_ifrs-full_DisclosureOfIntangibleAssetsExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xml:lang="en-US">Disclosure of intangible assets [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfIntangibleAssetsExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfOtherAssetsAndOtherLiabilitiesAbstract" xlink:label="loc_bap_DisclosureOfOtherAssetsAndOtherLiabilitiesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfOtherAssetsAndOtherLiabilitiesAbstract" xml:lang="en-US">Disclosure of Other Assets And Other Liabilities [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfOtherAssetsAndOtherLiabilitiesAbstract" xlink:to="lab_bap_DisclosureOfOtherAssetsAndOtherLiabilitiesAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfOtherAssetsAndOtherLiabilitiesExplanatoryTextBlock" xlink:label="loc_bap_DisclosureOfOtherAssetsAndOtherLiabilitiesExplanatoryTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfOtherAssetsAndOtherLiabilitiesExplanatoryTextBlock" 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/verboseLabel" xlink:label="lab_bap_DisclosureOfOtherAssetsAndOtherLiabilitiesExplanatoryTextBlock" xml:lang="en-US">Disclosure of other assets and other liabilities explanatory [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfOtherAssetsAndOtherLiabilitiesExplanatoryTextBlock" xlink:to="lab_bap_DisclosureOfOtherAssetsAndOtherLiabilitiesExplanatoryTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfOtherAssetsAndOtherLiabilitiesExplanatoryTextBlock" xml:lang="en-US">The disclosure of other assets and other liabilities.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDepositsAndObligationsAbstract" xlink:label="loc_bap_DisclosureOfDepositsAndObligationsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDepositsAndObligationsAbstract" xml:lang="en-US">Disclosure of Deposits and Obligations [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDepositsAndObligationsAbstract" xlink:to="lab_bap_DisclosureOfDepositsAndObligationsAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfDepositsFromCustomersExplanatory" xlink:label="loc_ifrs-full_DisclosureOfDepositsFromCustomersExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfDepositsFromCustomersExplanatory" xml:lang="en-US">Disclosure of deposits from customers [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDepositsFromCustomersExplanatory" xlink:to="lab_ifrs-full_DisclosureOfDepositsFromCustomersExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDepositsFromBanksExplanatoryAbstract" xlink:label="loc_bap_DisclosureOfDepositsFromBanksExplanatoryAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDepositsFromBanksExplanatoryAbstract" xml:lang="en-US">Disclosure Of Deposits From Banks Explanatory [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDepositsFromBanksExplanatoryAbstract" xlink:to="lab_bap_DisclosureOfDepositsFromBanksExplanatoryAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDepositsFromBanksExplanatoryTextBlock" xlink:label="loc_bap_DisclosureOfDepositsFromBanksExplanatoryTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDepositsFromBanksExplanatoryTextBlock" 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="lab_bap_DisclosureOfDepositsFromBanksExplanatoryTextBlock" xml:lang="en-US">Disclosure of deposits from banks explanatory [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDepositsFromBanksExplanatoryTextBlock" xlink:to="lab_bap_DisclosureOfDepositsFromBanksExplanatoryTextBlock" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesAbstract" xlink:label="loc_bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesAbstract" xml:lang="en-US">Disclosure of insurance claim reserves and technical reserves [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesAbstract" xlink:to="lab_bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesTextBlock" xlink:label="loc_bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesTextBlock" xml:lang="en-US">Disclosure of insurance claim reserves and technical reserves [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesTextBlock" xlink:to="lab_bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesTextBlock" xml:lang="en-US">The entire disclosure of insurance claim reserves and technical reserves.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfBondsAndNotesIssuedAbstract" xlink:label="loc_bap_DisclosureOfBondsAndNotesIssuedAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfBondsAndNotesIssuedAbstract" xml:lang="en-US">Disclosure of bonds and notes issued [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfBondsAndNotesIssuedAbstract" xlink:to="lab_bap_DisclosureOfBondsAndNotesIssuedAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfBondsAndNotesIssuedTextBlock" xlink:label="loc_bap_DisclosureOfBondsAndNotesIssuedTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfBondsAndNotesIssuedTextBlock" xml:lang="en-US">Disclosure Of Bonds And Notes Issued [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfBondsAndNotesIssuedTextBlock" xlink:to="lab_bap_DisclosureOfBondsAndNotesIssuedTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfBondsAndNotesIssuedTextBlock" xml:lang="en-US">The disclosure of bonds and notes issued during the period.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfEquityAbstract" xlink:label="loc_bap_DisclosureOfEquityAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfEquityAbstract" xml:lang="en-US">Disclosure of equity [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfEquityAbstract" xlink:to="lab_bap_DisclosureOfEquityAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xlink:label="loc_ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xml:lang="en-US">Disclosure of share capital, reserves and other equity interest [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xlink:to="lab_ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfTaxSituationAbstract" xlink:label="loc_bap_DisclosureOfTaxSituationAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfTaxSituationAbstract" xml:lang="en-US">Disclosure of tax situation [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfTaxSituationAbstract" xlink:to="lab_bap_DisclosureOfTaxSituationAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:label="loc_ifrs-full_DisclosureOfIncomeTaxExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory" xml:lang="en-US">Disclosure of income tax [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:to="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ShareBasedCompensationPlansAbstract" xlink:label="loc_bap_ShareBasedCompensationPlansAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ShareBasedCompensationPlansAbstract" xml:lang="en-US">Share based compensation plans [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ShareBasedCompensationPlansAbstract" xlink:to="lab_bap_ShareBasedCompensationPlansAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory" xlink:label="loc_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory" xml:lang="en-US">Disclosure of share-based payment arrangements [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OffBalanceSheetAccountsAbstract" xlink:label="loc_bap_OffBalanceSheetAccountsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OffBalanceSheetAccountsAbstract" xml:lang="en-US">Off balance sheet accounts [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OffBalanceSheetAccountsAbstract" xlink:to="lab_bap_OffBalanceSheetAccountsAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfOffBalanceSheetAccountsTextBlock" xlink:label="loc_bap_DisclosureOfOffBalanceSheetAccountsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfOffBalanceSheetAccountsTextBlock" xml:lang="en-US">Disclosure of off balance sheet accounts [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfOffBalanceSheetAccountsTextBlock" xlink:to="lab_bap_DisclosureOfOffBalanceSheetAccountsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfOffBalanceSheetAccountsTextBlock" xml:lang="en-US">The disclosure of off balance sheet accounts.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfInterestIncomeExpenseExplanatoryAbstract" xlink:label="loc_bap_DisclosureOfInterestIncomeExpenseExplanatoryAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfInterestIncomeExpenseExplanatoryAbstract" xml:lang="en-US">Disclosure Of Interest Income Expense Explanatory [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfInterestIncomeExpenseExplanatoryAbstract" xlink:to="lab_bap_DisclosureOfInterestIncomeExpenseExplanatoryAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfInterestIncomeExpenseExplanatoryTextBlock" xlink:label="loc_bap_DisclosureOfInterestIncomeExpenseExplanatoryTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfInterestIncomeExpenseExplanatoryTextBlock" xml:lang="en-US">Disclosure Of Interest Income Expense Explanatory [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfInterestIncomeExpenseExplanatoryTextBlock" xlink:to="lab_bap_DisclosureOfInterestIncomeExpenseExplanatoryTextBlock" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfFeeAndCommissionIncomeExpenseExplanatoryAbstract" xlink:label="loc_bap_DisclosureOfFeeAndCommissionIncomeExpenseExplanatoryAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfFeeAndCommissionIncomeExpenseExplanatoryAbstract" xml:lang="en-US">Disclosure Of Fee And Commission Income Expense Explanatory [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfFeeAndCommissionIncomeExpenseExplanatoryAbstract" xlink:to="lab_bap_DisclosureOfFeeAndCommissionIncomeExpenseExplanatoryAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfFeeAndCommissionIncomeExpenseExplanatory" xlink:label="loc_ifrs-full_DisclosureOfFeeAndCommissionIncomeExpenseExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfFeeAndCommissionIncomeExpenseExplanatory" xml:lang="en-US">Disclosure of fee and commission income (expense) [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFeeAndCommissionIncomeExpenseExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFeeAndCommissionIncomeExpenseExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GainsLossesOnDisposalsOfInvestmentsAbstract" xlink:label="loc_ifrs-full_GainsLossesOnDisposalsOfInvestmentsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_GainsLossesOnDisposalsOfInvestmentsAbstract" xml:lang="en-US">Gains (losses) on disposals of investments [abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnDisposalsOfInvestmentsAbstract" xlink:to="lab_ifrs-full_GainsLossesOnDisposalsOfInvestmentsAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfFinancialAssetsHeldForTradingExplanatory" xlink:label="loc_ifrs-full_DisclosureOfFinancialAssetsHeldForTradingExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsHeldForTradingExplanatory" xml:lang="en-US">Disclosure of financial assets held for trading [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialAssetsHeldForTradingExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFinancialAssetsHeldForTradingExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfInsuranceContractsNetPremiumsEarnedTextBlock" xlink:label="loc_bap_DisclosureOfInsuranceContractsNetPremiumsEarnedTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfInsuranceContractsNetPremiumsEarnedTextBlock" 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/verboseLabel" xlink:label="lab_bap_DisclosureOfInsuranceContractsNetPremiumsEarnedTextBlock" xml:lang="en-US">Disclosure of insurance contracts net premiums earned [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfInsuranceContractsNetPremiumsEarnedTextBlock" xlink:to="lab_bap_DisclosureOfInsuranceContractsNetPremiumsEarnedTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfInsuranceContractsNetPremiumsEarnedTextBlock" xml:lang="en-US">Disclosure of insurance contracts net premiums earned [text block]</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfClaimsAndBenefitsIncurredAbstract" xlink:label="loc_bap_DisclosureOfClaimsAndBenefitsIncurredAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfClaimsAndBenefitsIncurredAbstract" xml:lang="en-US">Disclosure of claims and benefits incurred [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfClaimsAndBenefitsIncurredAbstract" xlink:to="lab_bap_DisclosureOfClaimsAndBenefitsIncurredAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfClaimsAndBenefitsIncurredExplanatoryTextBlock" xlink:label="loc_bap_DisclosureOfClaimsAndBenefitsIncurredExplanatoryTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfClaimsAndBenefitsIncurredExplanatoryTextBlock" 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/verboseLabel" xlink:label="lab_bap_DisclosureOfClaimsAndBenefitsIncurredExplanatoryTextBlock" xml:lang="en-US">Disclosure of claims and benefits incurred explanatory [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfClaimsAndBenefitsIncurredExplanatoryTextBlock" xlink:to="lab_bap_DisclosureOfClaimsAndBenefitsIncurredExplanatoryTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfClaimsAndBenefitsIncurredExplanatoryTextBlock" xml:lang="en-US">Disclosure of claims and benefits incurred explanatory [text block]</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfSalariesAndEmployeesBenefitsAbstract" xlink:label="loc_bap_DisclosureOfSalariesAndEmployeesBenefitsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfSalariesAndEmployeesBenefitsAbstract" xml:lang="en-US">Disclosure of salaries and employees benefits [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfSalariesAndEmployeesBenefitsAbstract" xlink:to="lab_bap_DisclosureOfSalariesAndEmployeesBenefitsAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfSalariesAndEmployeesBenefitsTextBlock" xlink:label="loc_bap_DisclosureOfSalariesAndEmployeesBenefitsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfSalariesAndEmployeesBenefitsTextBlock" 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/verboseLabel" xlink:label="lab_bap_DisclosureOfSalariesAndEmployeesBenefitsTextBlock" xml:lang="en-US">Disclosure of salaries and employees benefits [text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfSalariesAndEmployeesBenefitsTextBlock" xlink:to="lab_bap_DisclosureOfSalariesAndEmployeesBenefitsTextBlock" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfAdministrativeExpensesAbstract" xlink:label="loc_bap_DisclosureOfAdministrativeExpensesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfAdministrativeExpensesAbstract" xml:lang="en-US">Disclosure of Administrative Expenses [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfAdministrativeExpensesAbstract" xlink:to="lab_bap_DisclosureOfAdministrativeExpensesAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfGeneralAndAdministrativeExpenseExplanatory" xlink:label="loc_ifrs-full_DisclosureOfGeneralAndAdministrativeExpenseExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfGeneralAndAdministrativeExpenseExplanatory" xml:lang="en-US">Disclosure of general and administrative expense [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfGeneralAndAdministrativeExpenseExplanatory" xlink:to="lab_ifrs-full_DisclosureOfGeneralAndAdministrativeExpenseExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfOtherIncomeAndExpensesAbstract" xlink:label="loc_bap_DisclosureOfOtherIncomeAndExpensesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfOtherIncomeAndExpensesAbstract" xml:lang="en-US">Disclosure Of Other Income And Expenses [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfOtherIncomeAndExpensesAbstract" xlink:to="lab_bap_DisclosureOfOtherIncomeAndExpensesAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory" xlink:label="loc_ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory" xml:lang="en-US">Disclosure of other operating income (expense) [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory" xlink:to="lab_ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfEarningPerSharesAbstract" xlink:label="loc_bap_DisclosureOfEarningPerSharesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfEarningPerSharesAbstract" xml:lang="en-US">Disclosure Of Earning Per shares [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfEarningPerSharesAbstract" xlink:to="lab_bap_DisclosureOfEarningPerSharesAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfEarningsPerShareExplanatoryTextBlock" xlink:label="loc_bap_DisclosureOfEarningsPerShareExplanatoryTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfEarningsPerShareExplanatoryTextBlock" xml:lang="en-US">Disclosure Of Earnings Per Share Explanatory [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfEarningsPerShareExplanatoryTextBlock" xlink:to="lab_bap_DisclosureOfEarningsPerShareExplanatoryTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfEarningsPerShareExplanatoryTextBlock" xml:lang="en-US">The entire disclosure for earnings per share.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfOperatingSegmentsAbstract" xlink:label="loc_ifrs-full_DisclosureOfOperatingSegmentsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsAbstract" xml:lang="en-US">Disclosure of operating segments [abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOperatingSegmentsAbstract" xlink:to="lab_ifrs-full_DisclosureOfOperatingSegmentsAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:label="loc_ifrs-full_DisclosureOfOperatingSegmentsExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xml:lang="en-US">Disclosure of operating segments [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfOperatingSegmentsExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfRelatedPartyExplanatoryAbstract" xlink:label="loc_bap_DisclosureOfRelatedPartyExplanatoryAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfRelatedPartyExplanatoryAbstract" xml:lang="en-US">Disclosure Of Related Party Explanatory [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfRelatedPartyExplanatoryAbstract" xlink:to="lab_bap_DisclosureOfRelatedPartyExplanatoryAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfRelatedPartyExplanatoryTextBlock" xlink:label="loc_bap_DisclosureOfRelatedPartyExplanatoryTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfRelatedPartyExplanatoryTextBlock" xml:lang="en-US">Disclosure Of Related Party Explanatory [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_DisclosureOfRelatedPartyExplanatoryTextBlock" xml:lang="en-US">Disclosure Of Related Party Explanatory [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfRelatedPartyExplanatoryTextBlock" xlink:to="lab_bap_DisclosureOfRelatedPartyExplanatoryTextBlock" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfFinancialInstrumentsAbstract" xlink:label="loc_ifrs-full_DisclosureOfFinancialInstrumentsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfFinancialInstrumentsAbstract" xml:lang="en-US">Disclosure of detailed information about financial instruments [abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialInstrumentsAbstract" xlink:to="lab_ifrs-full_DisclosureOfFinancialInstrumentsAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfFinancialInstrumentsExplanatory" xlink:label="loc_ifrs-full_DisclosureOfFinancialInstrumentsExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfFinancialInstrumentsExplanatory" xml:lang="en-US">Disclosure of financial instruments [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialInstrumentsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFinancialInstrumentsExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfFinancialRiskManagementAbstract" xlink:label="loc_bap_DisclosureOfFinancialRiskManagementAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfFinancialRiskManagementAbstract" xml:lang="en-US">Disclosure of financial risk management [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfFinancialRiskManagementAbstract" xlink:to="lab_bap_DisclosureOfFinancialRiskManagementAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfFinancialRiskManagementExplanatory" xlink:label="loc_ifrs-full_DisclosureOfFinancialRiskManagementExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfFinancialRiskManagementExplanatory" xml:lang="en-US">Disclosure of financial risk management [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialRiskManagementExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFinancialRiskManagementExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfCommitmentsAndContingenciesAbstract" xlink:label="loc_bap_DisclosureOfCommitmentsAndContingenciesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfCommitmentsAndContingenciesAbstract" xml:lang="en-US">Disclosure Of Commitments And Contingencies [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfCommitmentsAndContingenciesAbstract" xlink:to="lab_bap_DisclosureOfCommitmentsAndContingenciesAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:label="loc_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xml:lang="en-US">Disclosure of commitments and contingent liabilities [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract" xlink:label="loc_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract" xml:lang="en-US">Disclosure of non-adjusting events after reporting period [abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract" xlink:to="lab_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:label="loc_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xml:lang="en-US">Disclosure of events after reporting period [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:to="lab_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DescriptionOfAccountingPolicyForBasisOfPresentationAndUseOdEstimatesTextBlock" xlink:label="loc_bap_DescriptionOfAccountingPolicyForBasisOfPresentationAndUseOdEstimatesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DescriptionOfAccountingPolicyForBasisOfPresentationAndUseOdEstimatesTextBlock" 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="lab_bap_DescriptionOfAccountingPolicyForBasisOfPresentationAndUseOdEstimatesTextBlock" xml:lang="en-US">Description of accounting policy for basis of presentation and use od estimates [text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DescriptionOfAccountingPolicyForBasisOfPresentationAndUseOdEstimatesTextBlock" xlink:to="lab_bap_DescriptionOfAccountingPolicyForBasisOfPresentationAndUseOdEstimatesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DescriptionOfAccountingPolicyForBasisOfPresentationAndUseOdEstimatesTextBlock" xml:lang="en-US">The description of the entity's accounting policy for basis of presentation and use of estimates.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DescriptionOfAccountingPolicyForBasisOfConsolidationTextBlock" xlink:label="loc_bap_DescriptionOfAccountingPolicyForBasisOfConsolidationTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DescriptionOfAccountingPolicyForBasisOfConsolidationTextBlock" 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/verboseLabel" xlink:label="lab_bap_DescriptionOfAccountingPolicyForBasisOfConsolidationTextBlock" xml:lang="en-US">Description of accounting policy for basis of consolidation [text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DescriptionOfAccountingPolicyForBasisOfConsolidationTextBlock" xlink:to="lab_bap_DescriptionOfAccountingPolicyForBasisOfConsolidationTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DescriptionOfAccountingPolicyForBasisOfConsolidationTextBlock" xml:lang="en-US">The description of the entity's accounting policy for the basis of consolidation.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xml:lang="en-US">Description of accounting policy for foreign currency translation [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DescriptionOfAccountingPolicyForRecognitionOfIncomeAndExpensesFromBankingActivitiesTextBlock" xlink:label="loc_bap_DescriptionOfAccountingPolicyForRecognitionOfIncomeAndExpensesFromBankingActivitiesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DescriptionOfAccountingPolicyForRecognitionOfIncomeAndExpensesFromBankingActivitiesTextBlock" xml:lang="en-US">Description of accounting policy for recognition of income and expenses from banking activities [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DescriptionOfAccountingPolicyForRecognitionOfIncomeAndExpensesFromBankingActivitiesTextBlock" xlink:to="lab_bap_DescriptionOfAccountingPolicyForRecognitionOfIncomeAndExpensesFromBankingActivitiesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DescriptionOfAccountingPolicyForRecognitionOfIncomeAndExpensesFromBankingActivitiesTextBlock" xml:lang="en-US">The description of the entity's accounting policy for the recognition of income and expenses from the banking activities.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForInsuranceContracts" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForInsuranceContracts" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForInsuranceContracts" xml:lang="en-US">Description of accounting policy for insurance contracts and related assets, liabilities, income and expense [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForInsuranceContracts" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForInsuranceContracts" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" xml:lang="en-US">Description of accounting policy for financial instruments [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory" xml:lang="en-US">Description of accounting policy for derecognition of financial instruments [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory" xml:lang="en-US">Description of accounting policy for offsetting of financial instruments [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory" xml:lang="en-US">Description of accounting policy for impairment of financial assets [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xml:lang="en-US">Description of accounting policy for leases [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xml:lang="en-US">Description of accounting policy for property, plant and equipment [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory" xml:lang="en-US">Description of accounting policy for investment property [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DescriptionOfAccountingPolicyForSeizedAssetsTextBlock" xlink:label="loc_bap_DescriptionOfAccountingPolicyForSeizedAssetsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DescriptionOfAccountingPolicyForSeizedAssetsTextBlock" 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/verboseLabel" xlink:label="lab_bap_DescriptionOfAccountingPolicyForSeizedAssetsTextBlock" xml:lang="en-US">Description of accounting policy for seized assets [text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DescriptionOfAccountingPolicyForSeizedAssetsTextBlock" xlink:to="lab_bap_DescriptionOfAccountingPolicyForSeizedAssetsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DescriptionOfAccountingPolicyForSeizedAssetsTextBlock" xml:lang="en-US">The description of the entity's accounting policy for seized assets.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory" xml:lang="en-US">Description of accounting policy for business combinations [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory" xml:lang="en-US">Description of accounting policy for intangible assets other than goodwill [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForGoodwillExplanatory" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForGoodwillExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForGoodwillExplanatory" xml:lang="en-US">Description of accounting policy for goodwill [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForGoodwillExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForGoodwillExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" xml:lang="en-US">Description of accounting policy for impairment of non-financial assets [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DescriptionOfAccountingPolicyForDueFromCustomersOnAcceptancesTextBlock" xlink:label="loc_bap_DescriptionOfAccountingPolicyForDueFromCustomersOnAcceptancesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DescriptionOfAccountingPolicyForDueFromCustomersOnAcceptancesTextBlock" 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/verboseLabel" xlink:label="lab_bap_DescriptionOfAccountingPolicyForDueFromCustomersOnAcceptancesTextBlock" xml:lang="en-US">Description of accounting policy for due from customers on acceptances [text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DescriptionOfAccountingPolicyForDueFromCustomersOnAcceptancesTextBlock" xlink:to="lab_bap_DescriptionOfAccountingPolicyForDueFromCustomersOnAcceptancesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DescriptionOfAccountingPolicyForDueFromCustomersOnAcceptancesTextBlock" xml:lang="en-US">The description of the entity's accounting policy for amount receivable from customers on acceptance.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForFinancialGuaranteesExplanatory" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForFinancialGuaranteesExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialGuaranteesExplanatory" xml:lang="en-US">Description of accounting policy for financial guarantees [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForFinancialGuaranteesExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialGuaranteesExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xml:lang="en-US">Description of accounting policy for provisions [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DescriptionOfAccountingPolicyForContingenciesTextBlock" xlink:label="loc_bap_DescriptionOfAccountingPolicyForContingenciesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DescriptionOfAccountingPolicyForContingenciesTextBlock" 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/verboseLabel" xlink:label="lab_bap_DescriptionOfAccountingPolicyForContingenciesTextBlock" xml:lang="en-US">Description of accounting policy for contingencies [text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DescriptionOfAccountingPolicyForContingenciesTextBlock" xlink:to="lab_bap_DescriptionOfAccountingPolicyForContingenciesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DescriptionOfAccountingPolicyForContingenciesTextBlock" xml:lang="en-US">The description of the entity's accounting policy for contingencies.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xml:lang="en-US">Description of accounting policy for income tax [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory" xml:lang="en-US">Description of accounting policy for earnings per share [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xml:lang="en-US">Description of accounting policy for share-based payment transactions [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory" xml:lang="en-US">Description of accounting policy for derivative financial instruments and hedging [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" xml:lang="en-US">Description of accounting policy for fair value measurement [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xml:lang="en-US">Description of accounting policy for segment reporting [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DescriptionOfAccountingPolicyForFiduciaryActivitiesManagementOfFundsAndPensionFundsTextBlock" xlink:label="loc_bap_DescriptionOfAccountingPolicyForFiduciaryActivitiesManagementOfFundsAndPensionFundsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DescriptionOfAccountingPolicyForFiduciaryActivitiesManagementOfFundsAndPensionFundsTextBlock" 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/verboseLabel" xlink:label="lab_bap_DescriptionOfAccountingPolicyForFiduciaryActivitiesManagementOfFundsAndPensionFundsTextBlock" xml:lang="en-US">Description of accounting policy for fiduciary activities, management of funds and pension funds [text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DescriptionOfAccountingPolicyForFiduciaryActivitiesManagementOfFundsAndPensionFundsTextBlock" xlink:to="lab_bap_DescriptionOfAccountingPolicyForFiduciaryActivitiesManagementOfFundsAndPensionFundsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DescriptionOfAccountingPolicyForFiduciaryActivitiesManagementOfFundsAndPensionFundsTextBlock" xml:lang="en-US">The description of the entity's accounting policy for fiduciary activities, management of funds and pension funds.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents" xml:lang="en-US">Description of accounting policy for determining components of cash and cash equivalents [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations" xlink:label="loc_ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations" xml:lang="en-US">Disclosure of expected impact of initial application of new standards or interpretations [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations" xlink:to="lab_ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" xlink:label="loc_ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" xml:lang="en-US">Disclosure of detailed information about business combinations [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="loc_us-gaap_StatementClassOfStockAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_StatementClassOfStockAxis" xml:lang="en-US">Class of Stock [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementClassOfStockAxis" xlink:to="lab_us-gaap_StatementClassOfStockAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaap_ClassOfStockDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ClassOfStockDomain" xml:lang="en-US">Class of Stock [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ClassOfStockDomain" xlink:to="lab_us-gaap_ClassOfStockDomain" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutBasisOfConsolidationExplanatoryTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutBasisOfConsolidationExplanatoryTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutBasisOfConsolidationExplanatoryTextBlock" 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="lab_bap_DisclosureOfDetailedInformationAboutBasisOfConsolidationExplanatoryTextBlock" xml:lang="en-US">Disclosure of detailed information about basis of consolidation [text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutBasisOfConsolidationExplanatoryTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutBasisOfConsolidationExplanatoryTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutBasisOfConsolidationExplanatoryTextBlock" xml:lang="en-US">The disclosure of detailed information about the basis used for consolidation.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfPropertyFurnitureAndEquipmentEstimatedUsefulLivesTextBlock" xlink:label="loc_bap_DisclosureOfPropertyFurnitureAndEquipmentEstimatedUsefulLivesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfPropertyFurnitureAndEquipmentEstimatedUsefulLivesTextBlock" xml:lang="en-US">Disclosure of Property, furniture and equipment estimated useful lives [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfPropertyFurnitureAndEquipmentEstimatedUsefulLivesTextBlock" xlink:to="lab_bap_DisclosureOfPropertyFurnitureAndEquipmentEstimatedUsefulLivesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfPropertyFurnitureAndEquipmentEstimatedUsefulLivesTextBlock" xml:lang="en-US">Disclosure of property, furniture and equipment estimated useful lives [text block].</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfIntangibleAssetsEstimatedUsefulLivesTextBlock" xlink:label="loc_bap_DisclosureOfIntangibleAssetsEstimatedUsefulLivesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfIntangibleAssetsEstimatedUsefulLivesTextBlock" xml:lang="en-US">Disclosure of intangible assets estimated useful lives [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfIntangibleAssetsEstimatedUsefulLivesTextBlock" xlink:to="lab_bap_DisclosureOfIntangibleAssetsEstimatedUsefulLivesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfIntangibleAssetsEstimatedUsefulLivesTextBlock" xml:lang="en-US">Disclosure of intangible assets estimated useful lives [text block].</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutMeasurementCategoriesAndTheCarryingValueOfTheFinancialInstrumentsExplanatoryTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutMeasurementCategoriesAndTheCarryingValueOfTheFinancialInstrumentsExplanatoryTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutMeasurementCategoriesAndTheCarryingValueOfTheFinancialInstrumentsExplanatoryTextBlock" xml:lang="en-US">Disclosure Of Detailed Information About Measurement Categories And the Carrying Value of the Financial Instruments Explanatory [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutMeasurementCategoriesAndTheCarryingValueOfTheFinancialInstrumentsExplanatoryTextBlock" xml:lang="en-US">Disclosure of detailed information about financial instruments [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutMeasurementCategoriesAndTheCarryingValueOfTheFinancialInstrumentsExplanatoryTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutMeasurementCategoriesAndTheCarryingValueOfTheFinancialInstrumentsExplanatoryTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutMeasurementCategoriesAndTheCarryingValueOfTheFinancialInstrumentsExplanatoryTextBlock" xml:lang="en-US">Disclosure of detailed information about measurement categories and the carrying value of the financial instruments explanatory.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ReconciliationOfProvisionForImpairmentTextBlock" xlink:label="loc_bap_ReconciliationOfProvisionForImpairmentTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ReconciliationOfProvisionForImpairmentTextBlock" xml:lang="en-US">Reconciliation of provision for impairment [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ReconciliationOfProvisionForImpairmentTextBlock" xlink:to="lab_bap_ReconciliationOfProvisionForImpairmentTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ReconciliationOfProvisionForImpairmentTextBlock" xml:lang="en-US">Reconciliation of provision for impairment text block</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfFinancialLiabilitiesAtDateOfInitialApplicationOfIFRS9Explanatory" xlink:label="loc_ifrs-full_DisclosureOfFinancialLiabilitiesAtDateOfInitialApplicationOfIFRS9Explanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfFinancialLiabilitiesAtDateOfInitialApplicationOfIFRS9Explanatory" xml:lang="en-US">Disclosure of financial liabilities at date of initial application of IFRS 9 [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialLiabilitiesAtDateOfInitialApplicationOfIFRS9Explanatory" xlink:to="lab_ifrs-full_DisclosureOfFinancialLiabilitiesAtDateOfInitialApplicationOfIFRS9Explanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EffectOfOverlayApproachReclassificationAxis" xlink:label="loc_ifrs-full_EffectOfOverlayApproachReclassificationAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_EffectOfOverlayApproachReclassificationAxis" xml:lang="en-US">Effect of overlay approach reclassification [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EffectOfOverlayApproachReclassificationAxis" xlink:to="lab_ifrs-full_EffectOfOverlayApproachReclassificationAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InAccordanceWithIFRS9Member" xlink:label="loc_ifrs-full_InAccordanceWithIFRS9Member" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_InAccordanceWithIFRS9Member" xml:lang="en-US">In accordance with IFRS 9 [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_InAccordanceWithIFRS9Member" xml:lang="en-US">IFRS 9</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InAccordanceWithIFRS9Member" xlink:to="lab_ifrs-full_InAccordanceWithIFRS9Member" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutCashAndCashEquivalentsTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutCashAndCashEquivalentsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutCashAndCashEquivalentsTextBlock" xml:lang="en-US">Disclosure of detailed information about cash and cash equivalents [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutCashAndCashEquivalentsTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutCashAndCashEquivalentsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutCashAndCashEquivalentsTextBlock" xml:lang="en-US">The disclosure of detailed information about cash and cash equivalents.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutReserveDepositsTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutReserveDepositsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutReserveDepositsTextBlock" xml:lang="en-US">Disclosure of detailed information about reserve deposits [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutReserveDepositsTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutReserveDepositsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutReserveDepositsTextBlock" xml:lang="en-US">The disclosure of detailed information about reserve deposits.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutCashCollateralAndReversePurchaseAgreementsTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutCashCollateralAndReversePurchaseAgreementsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutCashCollateralAndReversePurchaseAgreementsTextBlock" xml:lang="en-US">Disclosure of detailed information about cash collateral and reverse purchase agreements [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutCashCollateralAndReversePurchaseAgreementsTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutCashCollateralAndReversePurchaseAgreementsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutCashCollateralAndReversePurchaseAgreementsTextBlock" xml:lang="en-US">The disclosure of detailed information about cash collateral and reverse purchase agreements.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutReverseRepurchaseAgreementsAndSecurityBorrowingsInWhichFinancialInstrumentServesAsCollateralTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutReverseRepurchaseAgreementsAndSecurityBorrowingsInWhichFinancialInstrumentServesAsCollateralTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutReverseRepurchaseAgreementsAndSecurityBorrowingsInWhichFinancialInstrumentServesAsCollateralTextBlock" 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>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutReverseRepurchaseAgreementsAndSecurityBorrowingsInWhichFinancialInstrumentServesAsCollateralTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutReverseRepurchaseAgreementsAndSecurityBorrowingsInWhichFinancialInstrumentServesAsCollateralTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutReverseRepurchaseAgreementsAndSecurityBorrowingsInWhichFinancialInstrumentServesAsCollateralTextBlock" 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>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutPayablesFromRepurchaseAgreementsAndSecurityLendingsTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutPayablesFromRepurchaseAgreementsAndSecurityLendingsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutPayablesFromRepurchaseAgreementsAndSecurityLendingsTextBlock" xml:lang="en-US">Disclosure of detailed information about payables from repurchase agreements and security lendings [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutPayablesFromRepurchaseAgreementsAndSecurityLendingsTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutPayablesFromRepurchaseAgreementsAndSecurityLendingsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutPayablesFromRepurchaseAgreementsAndSecurityLendingsTextBlock" xml:lang="en-US">The disclosure of detailed information about payables from repurchase agreements and security lending's.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutRepurchaseAgreementAndSecurityLendingSecuredWithCashavailableForSaleInvestmentsAndHeldToMaturityInvestmentTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutRepurchaseAgreementAndSecurityLendingSecuredWithCashavailableForSaleInvestmentsAndHeldToMaturityInvestmentTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutRepurchaseAgreementAndSecurityLendingSecuredWithCashavailableForSaleInvestmentsAndHeldToMaturityInvestmentTextBlock" 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="lab_bap_DisclosureOfDetailedInformationAboutRepurchaseAgreementAndSecurityLendingSecuredWithCashavailableForSaleInvestmentsAndHeldToMaturityInvestmentTextBlock" 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>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutRepurchaseAgreementAndSecurityLendingSecuredWithCashavailableForSaleInvestmentsAndHeldToMaturityInvestmentTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutRepurchaseAgreementAndSecurityLendingSecuredWithCashavailableForSaleInvestmentsAndHeldToMaturityInvestmentTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutRepurchaseAgreementAndSecurityLendingSecuredWithCashavailableForSaleInvestmentsAndHeldToMaturityInvestmentTextBlock" 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>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutInvestmentAtFairValueThroughProfitOrLossAndAvailableForSaleInvestmentsTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutInvestmentAtFairValueThroughProfitOrLossAndAvailableForSaleInvestmentsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutInvestmentAtFairValueThroughProfitOrLossAndAvailableForSaleInvestmentsTextBlock" 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="lab_bap_DisclosureOfDetailedInformationAboutInvestmentAtFairValueThroughProfitOrLossAndAvailableForSaleInvestmentsTextBlock" 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>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutInvestmentAtFairValueThroughProfitOrLossAndAvailableForSaleInvestmentsTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutInvestmentAtFairValueThroughProfitOrLossAndAvailableForSaleInvestmentsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutInvestmentAtFairValueThroughProfitOrLossAndAvailableForSaleInvestmentsTextBlock" xml:lang="en-US">The disclosure 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-20181231.xsd#bap_DisclosureOfDetailedInformationAboutMaturitiesAndAnnualMarketRatesOfAvailableForSaleInvestmentsTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutMaturitiesAndAnnualMarketRatesOfAvailableForSaleInvestmentsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutMaturitiesAndAnnualMarketRatesOfAvailableForSaleInvestmentsTextBlock" 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="lab_bap_DisclosureOfDetailedInformationAboutMaturitiesAndAnnualMarketRatesOfAvailableForSaleInvestmentsTextBlock" xml:lang="en-US">Disclosure of detailed information about maturities and annual market rates of available for sale investments [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutMaturitiesAndAnnualMarketRatesOfAvailableForSaleInvestmentsTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutMaturitiesAndAnnualMarketRatesOfAvailableForSaleInvestmentsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutMaturitiesAndAnnualMarketRatesOfAvailableForSaleInvestmentsTextBlock" xml:lang="en-US">The disclosure of detailed information about maturities and annual market rates of available for sale investments.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutGovernmentTreasuryBondsTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutGovernmentTreasuryBondsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutGovernmentTreasuryBondsTextBlock" xml:lang="en-US">Disclosure of detailed information about government treasury bonds [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutGovernmentTreasuryBondsTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutGovernmentTreasuryBondsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutGovernmentTreasuryBondsTextBlock" xml:lang="en-US">The disclosure of detailed information about government treasury bonds.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutSecuritizationInstrumentsTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutSecuritizationInstrumentsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutSecuritizationInstrumentsTextBlock" xml:lang="en-US">Disclosure of detailed information about securitization instruments [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutSecuritizationInstrumentsTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutSecuritizationInstrumentsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutSecuritizationInstrumentsTextBlock" xml:lang="en-US">The disclosure of detailed information about securitization instruments.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutHeldToMaturityInvestmentsTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutHeldToMaturityInvestmentsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutHeldToMaturityInvestmentsTextBlock" 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="lab_bap_DisclosureOfDetailedInformationAboutHeldToMaturityInvestmentsTextBlock" xml:lang="en-US">Disclosure of detailed information about held to maturity investments [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutHeldToMaturityInvestmentsTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutHeldToMaturityInvestmentsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutHeldToMaturityInvestmentsTextBlock" xml:lang="en-US">The disclosure of detailed information about held to maturity investments.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfInvestmentHeldForTradingAtFairValueThroughtProfitOrLossTableTextBlock" xlink:label="loc_bap_DisclosureOfInvestmentHeldForTradingAtFairValueThroughtProfitOrLossTableTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfInvestmentHeldForTradingAtFairValueThroughtProfitOrLossTableTextBlock" xml:lang="en-US">Disclosure Of Investment Held For Trading At Fair Value Throught Profit Or Loss [Table Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfInvestmentHeldForTradingAtFairValueThroughtProfitOrLossTableTextBlock" xlink:to="lab_bap_DisclosureOfInvestmentHeldForTradingAtFairValueThroughtProfitOrLossTableTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfInvestmentHeldForTradingAtFairValueThroughtProfitOrLossTableTextBlock" xml:lang="en-US">Disclosure Of Investment Held For Trading At Fair Value Throught Profit Or Loss</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutLoansAndAdvancesTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutLoansAndAdvancesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutLoansAndAdvancesTextBlock" 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="lab_bap_DisclosureOfDetailedInformationAboutLoansAndAdvancesTextBlock" xml:lang="en-US">Disclosure of detailed information about loans and advances [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutLoansAndAdvancesTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutLoansAndAdvancesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutLoansAndAdvancesTextBlock" xml:lang="en-US">The disclosure of detailed information about loans and advances.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutMovementInAllowanceForLoanLossesTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutMovementInAllowanceForLoanLossesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutMovementInAllowanceForLoanLossesTextBlock" xml:lang="en-US">Disclosure of detailed information about the movement in the allowance for loan losses [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutMovementInAllowanceForLoanLossesTextBlock" xml:lang="en-US">Disclosure of detailed information about the movement in the allowance for loan losses [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutMovementInAllowanceForLoanLossesTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutMovementInAllowanceForLoanLossesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutMovementInAllowanceForLoanLossesTextBlock" xml:lang="en-US">The disclosure of detailed information about the movement in the allowance for loan losses.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutDirectGrossLoanOnMaturityBasisTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutDirectGrossLoanOnMaturityBasisTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutDirectGrossLoanOnMaturityBasisTextBlock" 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="lab_bap_DisclosureOfDetailedInformationAboutDirectGrossLoanOnMaturityBasisTextBlock" xml:lang="en-US">Disclosure of detailed information about direct gross loan on maturity basis [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutDirectGrossLoanOnMaturityBasisTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutDirectGrossLoanOnMaturityBasisTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutDirectGrossLoanOnMaturityBasisTextBlock" xml:lang="en-US">The disclosure of detailed information about direct gross loan on maturity basis.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfAllowanceForCreditLossesOnFinancialInstrumentsTableTextBlock" xlink:label="loc_bap_DisclosureOfAllowanceForCreditLossesOnFinancialInstrumentsTableTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfAllowanceForCreditLossesOnFinancialInstrumentsTableTextBlock" xml:lang="en-US">Disclosure of Allowance for Credit Losses on Financial instruments [Table Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfAllowanceForCreditLossesOnFinancialInstrumentsTableTextBlock" xlink:to="lab_bap_DisclosureOfAllowanceForCreditLossesOnFinancialInstrumentsTableTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfAllowanceForCreditLossesOnFinancialInstrumentsTableTextBlock" xml:lang="en-US">Disclosure of Allowance for Credit Losses on Financial instruments Table</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutClassificationOfDirectLoansTableTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutClassificationOfDirectLoansTableTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutClassificationOfDirectLoansTableTextBlock" 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="lab_bap_DisclosureOfDetailedInformationAboutClassificationOfDirectLoansTableTextBlock" xml:lang="en-US">Disclosure of detailed information about classification of direct loans [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutClassificationOfDirectLoansTableTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutClassificationOfDirectLoansTableTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutClassificationOfDirectLoansTableTextBlock" xml:lang="en-US">The disclosure of detailed information about classification of direct loans.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutIncomeFromFianancialAssetsDesignatedAtFairValueThroughProfitOrLossTableTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutIncomeFromFianancialAssetsDesignatedAtFairValueThroughProfitOrLossTableTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutIncomeFromFianancialAssetsDesignatedAtFairValueThroughProfitOrLossTableTextBlock" 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>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutIncomeFromFianancialAssetsDesignatedAtFairValueThroughProfitOrLossTableTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutIncomeFromFianancialAssetsDesignatedAtFairValueThroughProfitOrLossTableTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutIncomeFromFianancialAssetsDesignatedAtFairValueThroughProfitOrLossTableTextBlock" xml:lang="en-US">Disclosure 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/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfAmountsArisingFromInsuranceContractsExplanatory" xlink:label="loc_ifrs-full_DisclosureOfAmountsArisingFromInsuranceContractsExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfAmountsArisingFromInsuranceContractsExplanatory" xml:lang="en-US">Disclosure of amounts arising from insurance contracts [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfAmountsArisingFromInsuranceContractsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfAmountsArisingFromInsuranceContractsExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xlink:label="loc_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xml:lang="en-US">Disclosure of detailed information about property, plant and equipment [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xlink:to="lab_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory" xlink:label="loc_ifrs-full_DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory" xml:lang="en-US">Disclosure of detailed information about intangible assets [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutClientRelationshipsIntangibleAssetsTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutClientRelationshipsIntangibleAssetsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutClientRelationshipsIntangibleAssetsTextBlock" 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="lab_bap_DisclosureOfDetailedInformationAboutClientRelationshipsIntangibleAssetsTextBlock" xml:lang="en-US">Disclosure of detailed information about client relationships intangible assets [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutClientRelationshipsIntangibleAssetsTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutClientRelationshipsIntangibleAssetsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutClientRelationshipsIntangibleAssetsTextBlock" xml:lang="en-US">The disclosure of detailed information about client relationships intangible assets.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutBrandIntangibleAssetsTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutBrandIntangibleAssetsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutBrandIntangibleAssetsTextBlock" 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="lab_bap_DisclosureOfDetailedInformationAboutBrandIntangibleAssetsTextBlock" xml:lang="en-US">Disclosure of detailed information about brand intangible assets [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutBrandIntangibleAssetsTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutBrandIntangibleAssetsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutBrandIntangibleAssetsTextBlock" xml:lang="en-US">The disclosure of detailed information about brand intangible assets.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutFundManagerContractIntangibleAssetsTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutFundManagerContractIntangibleAssetsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutFundManagerContractIntangibleAssetsTextBlock" 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="lab_bap_DisclosureOfDetailedInformationAboutFundManagerContractIntangibleAssetsTextBlock" xml:lang="en-US">Disclosure of detailed information about fund manager contract intangible assets [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutFundManagerContractIntangibleAssetsTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutFundManagerContractIntangibleAssetsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutFundManagerContractIntangibleAssetsTextBlock" xml:lang="en-US">The disclosure of detailed information about fund manager contract intangible assets.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillExplanatory" xlink:label="loc_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillExplanatory" xml:lang="en-US">Disclosure of reconciliation of changes in goodwill [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillExplanatory" xlink:to="lab_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitExplanatory" xlink:label="loc_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitExplanatory" xml:lang="en-US">Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitExplanatory" xlink:to="lab_ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutOtherAssetsAndLiabilitiesExplanatoryTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutOtherAssetsAndLiabilitiesExplanatoryTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutOtherAssetsAndLiabilitiesExplanatoryTextBlock" 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="lab_bap_DisclosureOfDetailedInformationAboutOtherAssetsAndLiabilitiesExplanatoryTextBlock" xml:lang="en-US">Disclosure of detailed information about other assets and liabilities explanatory [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutOtherAssetsAndLiabilitiesExplanatoryTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutOtherAssetsAndLiabilitiesExplanatoryTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutOtherAssetsAndLiabilitiesExplanatoryTextBlock" xml:lang="en-US">The disclosure of detailed information about other assets and other liabilities.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutDerivativesUnderlyingAssetAndIsBasisUponWhichChangesInValueOfDerivativesTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutDerivativesUnderlyingAssetAndIsBasisUponWhichChangesInValueOfDerivativesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutDerivativesUnderlyingAssetAndIsBasisUponWhichChangesInValueOfDerivativesTextBlock" 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="lab_bap_DisclosureOfDetailedInformationAboutDerivativesUnderlyingAssetAndIsBasisUponWhichChangesInValueOfDerivativesTextBlock" 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>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutDerivativesUnderlyingAssetAndIsBasisUponWhichChangesInValueOfDerivativesTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutDerivativesUnderlyingAssetAndIsBasisUponWhichChangesInValueOfDerivativesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutDerivativesUnderlyingAssetAndIsBasisUponWhichChangesInValueOfDerivativesTextBlock" 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>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutMaturityAnalysisForDerivativeFinancialinstrumentsTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutMaturityAnalysisForDerivativeFinancialinstrumentsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutMaturityAnalysisForDerivativeFinancialinstrumentsTextBlock" 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="lab_bap_DisclosureOfDetailedInformationAboutMaturityAnalysisForDerivativeFinancialinstrumentsTextBlock" xml:lang="en-US">Disclosure of detailed information about maturity analysis for derivative financial instruments [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutMaturityAnalysisForDerivativeFinancialinstrumentsTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutMaturityAnalysisForDerivativeFinancialinstrumentsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutMaturityAnalysisForDerivativeFinancialinstrumentsTextBlock" xml:lang="en-US">The disclosure of detailed information about maturity analysis for derivative financialinstruments.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsExplanatory" xlink:label="loc_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsExplanatory" xml:lang="en-US">Disclosure of detailed information about hedging instruments [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfOtherProvisionsExplanatory" xlink:label="loc_ifrs-full_DisclosureOfOtherProvisionsExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfOtherProvisionsExplanatory" xml:lang="en-US">Disclosure of other provisions [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOtherProvisionsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfOtherProvisionsExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfDetailedInformationAboutInvestmentPropertyExplanatory" xlink:label="loc_ifrs-full_DisclosureOfDetailedInformationAboutInvestmentPropertyExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutInvestmentPropertyExplanatory" xml:lang="en-US">Disclosure of detailed information about investment property [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDetailedInformationAboutInvestmentPropertyExplanatory" xlink:to="lab_ifrs-full_DisclosureOfDetailedInformationAboutInvestmentPropertyExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationOfDepositsAndObligationsTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationOfDepositsAndObligationsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationOfDepositsAndObligationsTextBlock" xml:lang="en-US">Disclosure of detailed information of deposits and obligations [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationOfDepositsAndObligationsTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationOfDepositsAndObligationsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationOfDepositsAndObligationsTextBlock" xml:lang="en-US">The detailed information of balances of deposits and obligations of the entity.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationOfNoninterestBearingAndInterestbearingDepositsAndObligationsTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationOfNoninterestBearingAndInterestbearingDepositsAndObligationsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationOfNoninterestBearingAndInterestbearingDepositsAndObligationsTextBlock" xml:lang="en-US">Disclosure of detailed information of non-interest bearing and interest-bearing deposits and obligations [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationOfNoninterestBearingAndInterestbearingDepositsAndObligationsTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationOfNoninterestBearingAndInterestbearingDepositsAndObligationsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationOfNoninterestBearingAndInterestbearingDepositsAndObligationsTextBlock" xml:lang="en-US">The detailed information of non-interest bearing and interest-bearing deposits and obligations of the entity.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationOfBalancesOfTimeDepositsByMaturityTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationOfBalancesOfTimeDepositsByMaturityTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationOfBalancesOfTimeDepositsByMaturityTextBlock" xml:lang="en-US">Disclosure of detailed information of balances of time deposits by maturity [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationOfBalancesOfTimeDepositsByMaturityTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationOfBalancesOfTimeDepositsByMaturityTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationOfBalancesOfTimeDepositsByMaturityTextBlock" xml:lang="en-US">The detailed information of time deposits by maturity.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationOfDepositsFromBanksTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationOfDepositsFromBanksTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationOfDepositsFromBanksTextBlock" 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="lab_bap_DisclosureOfDetailedInformationOfDepositsFromBanksTextBlock" xml:lang="en-US">Disclosure of detailed information of deposits from banks [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationOfDepositsFromBanksTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationOfDepositsFromBanksTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationOfDepositsFromBanksTextBlock" xml:lang="en-US">The disclosure of detailed information of deposit balances from bank.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationOfBalancesOfDueToBanksAndCorrespondentsByMaturityTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationOfBalancesOfDueToBanksAndCorrespondentsByMaturityTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationOfBalancesOfDueToBanksAndCorrespondentsByMaturityTextBlock" 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="lab_bap_DisclosureOfDetailedInformationOfBalancesOfDueToBanksAndCorrespondentsByMaturityTextBlock" xml:lang="en-US">Disclosure of detailed information of balances of due to banks and correspondents by maturity [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationOfBalancesOfDueToBanksAndCorrespondentsByMaturityTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationOfBalancesOfDueToBanksAndCorrespondentsByMaturityTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationOfBalancesOfDueToBanksAndCorrespondentsByMaturityTextBlock" xml:lang="en-US">The detailed information of balances of due to banks and correspondence by maturity.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutInsuranceClaimReservesTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutInsuranceClaimReservesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutInsuranceClaimReservesTextBlock" xml:lang="en-US">Disclosure of detailed information about insurance claim reserves [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutInsuranceClaimReservesTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutInsuranceClaimReservesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutInsuranceClaimReservesTextBlock" xml:lang="en-US">The disclosure of detailed information about insurance claim reserves.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutMovementInDirectAndAssumedInsuranceClaimReservesTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutMovementInDirectAndAssumedInsuranceClaimReservesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutMovementInDirectAndAssumedInsuranceClaimReservesTextBlock" xml:lang="en-US">Disclosure of detailed information about movement in direct and assumed insurance claim reserves [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutMovementInDirectAndAssumedInsuranceClaimReservesTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutMovementInDirectAndAssumedInsuranceClaimReservesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutMovementInDirectAndAssumedInsuranceClaimReservesTextBlock" xml:lang="en-US">The disclosure of detailed information about movement in direct and assumed insurance claim reserves.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutMovementInTechnicalInsuranceClaimReservesTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutMovementInTechnicalInsuranceClaimReservesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutMovementInTechnicalInsuranceClaimReservesTextBlock" xml:lang="en-US">Disclosure of detailed information about movement in technical insurance claim reserves [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutMovementInTechnicalInsuranceClaimReservesTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutMovementInTechnicalInsuranceClaimReservesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutMovementInTechnicalInsuranceClaimReservesTextBlock" xml:lang="en-US">The disclosure of detailed information about movement in technical insurance claim reserves.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutAssumptionsUsedInEstimationOfInsuranceReservesTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutAssumptionsUsedInEstimationOfInsuranceReservesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutAssumptionsUsedInEstimationOfInsuranceReservesTextBlock" xml:lang="en-US">Disclosure of detailed information about assumptions used in estimation of insurance reserves [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutAssumptionsUsedInEstimationOfInsuranceReservesTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutAssumptionsUsedInEstimationOfInsuranceReservesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutAssumptionsUsedInEstimationOfInsuranceReservesTextBlock" xml:lang="en-US">The disclosure of detailed information about assumptions used in estimation of insurance reserves.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutVariationsInClaimReservesByChangesInInterestRatesAndMortalitysTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutVariationsInClaimReservesByChangesInInterestRatesAndMortalitysTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutVariationsInClaimReservesByChangesInInterestRatesAndMortalitysTextBlock" 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>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutVariationsInClaimReservesByChangesInInterestRatesAndMortalitysTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutVariationsInClaimReservesByChangesInInterestRatesAndMortalitysTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutVariationsInClaimReservesByChangesInInterestRatesAndMortalitysTextBlock" xml:lang="en-US">The disclosure 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-20181231.xsd#bap_DisclosureOfDetailedInformationOfBondsAndNotesIssuedTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationOfBondsAndNotesIssuedTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationOfBondsAndNotesIssuedTextBlock" xml:lang="en-US">Disclosure Of detailed information Of bonds and notes issued [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationOfBondsAndNotesIssuedTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationOfBondsAndNotesIssuedTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationOfBondsAndNotesIssuedTextBlock" xml:lang="en-US">The disclosure of detailed information of bonds and notes issued.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationOfBalancesOfBondsAndNotesIssuedByTheirMaturityTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationOfBalancesOfBondsAndNotesIssuedByTheirMaturityTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationOfBalancesOfBondsAndNotesIssuedByTheirMaturityTextBlock" xml:lang="en-US">Disclosure of detailed information of balances of bonds and notes issued by their maturity [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationOfBalancesOfBondsAndNotesIssuedByTheirMaturityTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationOfBalancesOfBondsAndNotesIssuedByTheirMaturityTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationOfBalancesOfBondsAndNotesIssuedByTheirMaturityTextBlock" xml:lang="en-US">The detailed information of balances of bonds and notes issued by maturity.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfTreasurySharesExplanatory" xlink:label="loc_ifrs-full_DisclosureOfTreasurySharesExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfTreasurySharesExplanatory" xml:lang="en-US">Disclosure of treasury shares [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfTreasurySharesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfTreasurySharesExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory" xlink:label="loc_ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory" xml:lang="en-US">Disclosure of reserves within equity [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory" xlink:to="lab_ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemExplanatory" xlink:label="loc_ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemExplanatory" xml:lang="en-US">Disclosure of analysis of other comprehensive income by item [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemExplanatory" xlink:to="lab_ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutReconciliationBetweenStatutoryIncomeTaxRateAndEffectiveTaxRateTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutReconciliationBetweenStatutoryIncomeTaxRateAndEffectiveTaxRateTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutReconciliationBetweenStatutoryIncomeTaxRateAndEffectiveTaxRateTextBlock" 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="lab_bap_DisclosureOfDetailedInformationAboutReconciliationBetweenStatutoryIncomeTaxRateAndEffectiveTaxRateTextBlock" xml:lang="en-US">Disclosure of detailed information about reconciliation between the statutory income tax rate and the effective tax rate [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutReconciliationBetweenStatutoryIncomeTaxRateAndEffectiveTaxRateTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutReconciliationBetweenStatutoryIncomeTaxRateAndEffectiveTaxRateTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutReconciliationBetweenStatutoryIncomeTaxRateAndEffectiveTaxRateTextBlock" xml:lang="en-US">The disclosure ofdetailed information about reconciliation between the statutory income tax rate and the effective tax rate</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutIncomeTaxExpensesTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutIncomeTaxExpensesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutIncomeTaxExpensesTextBlock" 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="lab_bap_DisclosureOfDetailedInformationAboutIncomeTaxExpensesTextBlock" xml:lang="en-US">Disclosure of detailed information about income tax expenses [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutIncomeTaxExpensesTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutIncomeTaxExpensesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutIncomeTaxExpensesTextBlock" xml:lang="en-US">The disclosure of detailed information about income tax expenses.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfDeferredTaxesExplanatory" xlink:label="loc_ifrs-full_DisclosureOfDeferredTaxesExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfDeferredTaxesExplanatory" 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="lab_ifrs-full_DisclosureOfDeferredTaxesExplanatory" xml:lang="en-US">Disclosure of deferred taxes [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDeferredTaxesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfDeferredTaxesExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureIncomeTaxReturnsMajorSubsidiariesOpenForExaminationTaxAuthoritiesTextBlock" xlink:label="loc_bap_DisclosureIncomeTaxReturnsMajorSubsidiariesOpenForExaminationTaxAuthoritiesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureIncomeTaxReturnsMajorSubsidiariesOpenForExaminationTaxAuthoritiesTextBlock" xml:lang="en-US">Disclosure Income Tax Returns Major Subsidiaries Open For Examination Tax Authorities [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureIncomeTaxReturnsMajorSubsidiariesOpenForExaminationTaxAuthoritiesTextBlock" xlink:to="lab_bap_DisclosureIncomeTaxReturnsMajorSubsidiariesOpenForExaminationTaxAuthoritiesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureIncomeTaxReturnsMajorSubsidiariesOpenForExaminationTaxAuthoritiesTextBlock" xml:lang="en-US">The disclosure of detailed information about income tax returns major subsidiaries open for examination tax authorities.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureIncomeTaxReturnsSubsidiariesRespectiveTaxAuthoritiesTextBlock" xlink:label="loc_bap_DisclosureIncomeTaxReturnsSubsidiariesRespectiveTaxAuthoritiesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureIncomeTaxReturnsSubsidiariesRespectiveTaxAuthoritiesTextBlock" xml:lang="en-US">Disclosure Income Tax Returns Subsidiaries Respective Tax Authorities [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureIncomeTaxReturnsSubsidiariesRespectiveTaxAuthoritiesTextBlock" xlink:to="lab_bap_DisclosureIncomeTaxReturnsSubsidiariesRespectiveTaxAuthoritiesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureIncomeTaxReturnsSubsidiariesRespectiveTaxAuthoritiesTextBlock" xml:lang="en-US">The disclosure of detailed information about income tax returns subsidiaries respective tax authorities.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutOffBalanceSheetAccountsTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutOffBalanceSheetAccountsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutOffBalanceSheetAccountsTextBlock" 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="lab_bap_DisclosureOfDetailedInformationAboutOffBalanceSheetAccountsTextBlock" xml:lang="en-US">Disclosure of detailed information about off balance sheet accounts [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutOffBalanceSheetAccountsTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutOffBalanceSheetAccountsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutOffBalanceSheetAccountsTextBlock" xml:lang="en-US">The disclosure of detailed information about off balance sheet accounts.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationOfInterestIncomeExpensesTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationOfInterestIncomeExpensesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationOfInterestIncomeExpensesTextBlock" xml:lang="en-US">Disclosure of detailed information of interest income expenses [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationOfInterestIncomeExpensesTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationOfInterestIncomeExpensesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationOfInterestIncomeExpensesTextBlock" xml:lang="en-US">The disclosure of detailed information about interest and similar income and interest and similar expense.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationOfCommissionsAndFeesIncomeTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationOfCommissionsAndFeesIncomeTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationOfCommissionsAndFeesIncomeTextBlock" xml:lang="en-US">Disclosure of detailed information of commissions and fees income [text block] [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_DisclosureOfDetailedInformationOfCommissionsAndFeesIncomeTextBlock" xml:lang="en-US">Disclosure of detailed information of commissions and fees income [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationOfCommissionsAndFeesIncomeTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationOfCommissionsAndFeesIncomeTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationOfCommissionsAndFeesIncomeTextBlock" xml:lang="en-US">The detailed information of commissions and fees income.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfFinancialAssetsHeldForTradingTableTextBlock" xlink:label="loc_bap_DisclosureOfFinancialAssetsHeldForTradingTableTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfFinancialAssetsHeldForTradingTableTextBlock" xml:lang="en-US">Disclosure Of Financial Assets Held For Trading [Table Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfFinancialAssetsHeldForTradingTableTextBlock" xlink:to="lab_bap_DisclosureOfFinancialAssetsHeldForTradingTableTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfFinancialAssetsHeldForTradingTableTextBlock" xml:lang="en-US">Disclosure Of Financial Assets Held For Trading Explanatory</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TypesOfInsuranceContractsAxis" xlink:label="loc_ifrs-full_TypesOfInsuranceContractsAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_TypesOfInsuranceContractsAxis" xml:lang="en-US">Types of insurance contracts [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfInsuranceContractsAxis" xlink:to="lab_ifrs-full_TypesOfInsuranceContractsAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InsuranceContractsMember" xlink:label="loc_ifrs-full_InsuranceContractsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_InsuranceContractsMember" xml:lang="en-US">Insurance contracts [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceContractsMember" xlink:to="lab_ifrs-full_InsuranceContractsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfInsurancePremiumRevenueExplanatory" xlink:label="loc_ifrs-full_DisclosureOfInsurancePremiumRevenueExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfInsurancePremiumRevenueExplanatory" xml:lang="en-US">Disclosure of insurance premium revenue [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfInsurancePremiumRevenueExplanatory" xlink:to="lab_ifrs-full_DisclosureOfInsurancePremiumRevenueExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfNetGrossAndReinsurersShareForAmountsArisingFromInsuranceContractsExplanatory" xlink:label="loc_ifrs-full_DisclosureOfNetGrossAndReinsurersShareForAmountsArisingFromInsuranceContractsExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfNetGrossAndReinsurersShareForAmountsArisingFromInsuranceContractsExplanatory" xml:lang="en-US">Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfNetGrossAndReinsurersShareForAmountsArisingFromInsuranceContractsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfNetGrossAndReinsurersShareForAmountsArisingFromInsuranceContractsExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfTypesOfInsuranceContractsExplanatory" xlink:label="loc_ifrs-full_DisclosureOfTypesOfInsuranceContractsExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfTypesOfInsuranceContractsExplanatory" xml:lang="en-US">Disclosure of types of insurance contracts [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfTypesOfInsuranceContractsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfTypesOfInsuranceContractsExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfClaimsAndBenefitsIncurredTextBlock" xlink:label="loc_bap_DisclosureOfClaimsAndBenefitsIncurredTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfClaimsAndBenefitsIncurredTextBlock" 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="lab_bap_DisclosureOfClaimsAndBenefitsIncurredTextBlock" xml:lang="en-US">Disclosure of claims and benefits incurred [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfClaimsAndBenefitsIncurredTextBlock" xlink:to="lab_bap_DisclosureOfClaimsAndBenefitsIncurredTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfClaimsAndBenefitsIncurredTextBlock" xml:lang="en-US">Disclosure of claims and benefits incurred [text block]</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutSalariesAndEmployeesBenefitsTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutSalariesAndEmployeesBenefitsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutSalariesAndEmployeesBenefitsTextBlock" 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/verboseLabel" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutSalariesAndEmployeesBenefitsTextBlock" xml:lang="en-US">Disclosure of detailed information about salaries and employees benefits [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutSalariesAndEmployeesBenefitsTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutSalariesAndEmployeesBenefitsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutSalariesAndEmployeesBenefitsTextBlock" xml:lang="en-US">Disclosure of detailed information about salaries and employees benefits [text block].</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutGeneralAndAdministrativeExpenseTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutGeneralAndAdministrativeExpenseTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutGeneralAndAdministrativeExpenseTextBlock" 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/verboseLabel" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutGeneralAndAdministrativeExpenseTextBlock" xml:lang="en-US">Disclosure of detailed information about general and administrative expense [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutGeneralAndAdministrativeExpenseTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutGeneralAndAdministrativeExpenseTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutGeneralAndAdministrativeExpenseTextBlock" xml:lang="en-US">The disclosure of detailed information about general and administrative expense.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutOtherOperatingIncomeExpenseTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutOtherOperatingIncomeExpenseTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutOtherOperatingIncomeExpenseTextBlock" 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/verboseLabel" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutOtherOperatingIncomeExpenseTextBlock" xml:lang="en-US">Disclosure of detailed information about other operating income expense [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutOtherOperatingIncomeExpenseTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutOtherOperatingIncomeExpenseTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutOtherOperatingIncomeExpenseTextBlock" xml:lang="en-US">The disclosure of detailed information about other operating income or expense.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutBasicAndDilutedEarningsPerShareTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutBasicAndDilutedEarningsPerShareTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutBasicAndDilutedEarningsPerShareTextBlock" 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="lab_bap_DisclosureOfDetailedInformationAboutBasicAndDilutedEarningsPerShareTextBlock" xml:lang="en-US">Disclosure of detailed information about basic and diluted earnings per share [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutBasicAndDilutedEarningsPerShareTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutBasicAndDilutedEarningsPerShareTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutBasicAndDilutedEarningsPerShareTextBlock" xml:lang="en-US">The disclosure of detailed information about basic and diluted earnings per share.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfOperatingIncomeAndNonCurrentAssetsFromSegmentTextBlock" xlink:label="loc_bap_DisclosureOfOperatingIncomeAndNonCurrentAssetsFromSegmentTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfOperatingIncomeAndNonCurrentAssetsFromSegmentTextBlock" xml:lang="en-US">Disclosure of Operating Income and Non Current Assets From Segment [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfOperatingIncomeAndNonCurrentAssetsFromSegmentTextBlock" xlink:to="lab_bap_DisclosureOfOperatingIncomeAndNonCurrentAssetsFromSegmentTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfOperatingIncomeAndNonCurrentAssetsFromSegmentTextBlock" xml:lang="en-US">The tabular disclosure of disclosure of operating income and non current assets from segment.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatoryTextBlock" xlink:label="loc_bap_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatoryTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatoryTextBlock" 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>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatoryTextBlock" xlink:to="lab_bap_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatoryTextBlock" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfFinancialAssetsExplanatory" xlink:label="loc_ifrs-full_DisclosureOfFinancialAssetsExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsExplanatory" xml:lang="en-US">Disclosure of financial assets [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialAssetsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFinancialAssetsExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" xlink:label="loc_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" xml:lang="en-US">Disclosure of transactions between related parties [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory" xlink:label="loc_ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory" xml:lang="en-US">Disclosure of detailed information about financial instruments [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfFinancialRisksManagementTable" xlink:label="loc_bap_DisclosureOfFinancialRisksManagementTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfFinancialRisksManagementTable" 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="lab_bap_DisclosureOfFinancialRisksManagementTable" xml:lang="en-US">Disclosure of financial risk management [table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfFinancialRisksManagementTable" xlink:to="lab_bap_DisclosureOfFinancialRisksManagementTable" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TypesOfRisksAxis" xlink:label="loc_ifrs-full_TypesOfRisksAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_TypesOfRisksAxis" xml:lang="en-US">Types of risks [axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_TypesOfRisksAxis" xml:lang="en-US">Types of risks [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfRisksAxis" xlink:to="lab_ifrs-full_TypesOfRisksAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TypesOfRisksMember" xlink:label="loc_ifrs-full_TypesOfRisksMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_TypesOfRisksMember" xml:lang="en-US">Risks [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_TypesOfRisksMember" xml:lang="en-US">Risks [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfRisksMember" xlink:to="lab_ifrs-full_TypesOfRisksMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CreditRiskGeographicalAreawiseMember" xlink:label="loc_bap_CreditRiskGeographicalAreawiseMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CreditRiskGeographicalAreawiseMember" xml:lang="en-US">Credit Risk Geographical Areawise [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_CreditRiskGeographicalAreawiseMember" xml:lang="en-US">Credit risk geographical areawise [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CreditRiskGeographicalAreawiseMember" xlink:to="lab_bap_CreditRiskGeographicalAreawiseMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MarketPriceChangeRiskMember" xlink:label="loc_bap_MarketPriceChangeRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MarketPriceChangeRiskMember" xml:lang="en-US">Market price change risk [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_MarketPriceChangeRiskMember" xml:lang="en-US">Market price change risk [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MarketPriceChangeRiskMember" xlink:to="lab_bap_MarketPriceChangeRiskMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InterestRateRiskMember" xlink:label="loc_ifrs-full_InterestRateRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_InterestRateRiskMember" xml:lang="en-US">Interest Rate Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestRateRiskMember" xlink:to="lab_ifrs-full_InterestRateRiskMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfFinancialRisksManagementLineItems" xlink:label="loc_bap_DisclosureOfFinancialRisksManagementLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfFinancialRisksManagementLineItems" 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="lab_bap_DisclosureOfFinancialRisksManagementLineItems" xml:lang="en-US">Disclosure of financial risk management [line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfFinancialRisksManagementLineItems" xlink:to="lab_bap_DisclosureOfFinancialRisksManagementLineItems" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutImpairedLoansfairValueOfCollateralAndAllowanceOfLoanLossesTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutImpairedLoansfairValueOfCollateralAndAllowanceOfLoanLossesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutImpairedLoansfairValueOfCollateralAndAllowanceOfLoanLossesTextBlock" 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="lab_bap_DisclosureOfDetailedInformationAboutImpairedLoansfairValueOfCollateralAndAllowanceOfLoanLossesTextBlock" xml:lang="en-US">Disclosure of detailed information about impaired loans,fair value of collateral and allowance of loan losses [text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutImpairedLoansfairValueOfCollateralAndAllowanceOfLoanLossesTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutImpairedLoansfairValueOfCollateralAndAllowanceOfLoanLossesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutImpairedLoansfairValueOfCollateralAndAllowanceOfLoanLossesTextBlock" xml:lang="en-US">The disclosure of detailed information about impaired loans,fair value of collateral and allowance of loan losses[text block]</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedExplanatory" xlink:label="loc_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedExplanatory" xml:lang="en-US">Disclosure of financial assets that are either past due or impaired [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfLoansAndAdvancesToBanksExplanatory" xlink:label="loc_ifrs-full_DisclosureOfLoansAndAdvancesToBanksExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfLoansAndAdvancesToBanksExplanatory" xml:lang="en-US">Disclosure of loans and advances to banks [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfLoansAndAdvancesToBanksExplanatory" xlink:to="lab_ifrs-full_DisclosureOfLoansAndAdvancesToBanksExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfExternalCreditExposuresExplanatory" xlink:label="loc_ifrs-full_DisclosureOfExternalCreditExposuresExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfExternalCreditExposuresExplanatory" xml:lang="en-US">Disclosure of external credit grades [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfExternalCreditExposuresExplanatory" xlink:to="lab_ifrs-full_DisclosureOfExternalCreditExposuresExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfCreditRiskExposureExplanatory" xlink:label="loc_ifrs-full_DisclosureOfCreditRiskExposureExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfCreditRiskExposureExplanatory" xml:lang="en-US">Disclosure of credit risk exposure [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfCreditRiskExposureExplanatory" xlink:to="lab_ifrs-full_DisclosureOfCreditRiskExposureExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfOffsettingOfFinancialAssetsExplanatory" xlink:label="loc_ifrs-full_DisclosureOfOffsettingOfFinancialAssetsExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfOffsettingOfFinancialAssetsExplanatory" xml:lang="en-US">Disclosure of offsetting of financial assets [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOffsettingOfFinancialAssetsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfOffsettingOfFinancialAssetsExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesExplanatory" xlink:label="loc_ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesExplanatory" xml:lang="en-US">Disclosure of offsetting of financial liabilities [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesExplanatory" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfMarketRiskExplanatory" xlink:label="loc_ifrs-full_DisclosureOfMarketRiskExplanatory" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfMarketRiskExplanatory" xml:lang="en-US">Disclosure of market risk [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfMarketRiskExplanatory" xlink:to="lab_ifrs-full_DisclosureOfMarketRiskExplanatory" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesTextBlock" xml:lang="en-US">Disclosure of detailed information about assets and liabilities by currencies [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesTextBlock" xml:lang="en-US">The disclosure of detailed information about potential net reduction in income due to market price sensitivity.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesTextBlock" 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="lab_bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesTextBlock" xml:lang="en-US">Disclosure of detailed information about cash flows associated with the remaining contractual maturities [text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesTextBlock" xml:lang="en-US">The disclosure of detailed information about cash flows associated with the remaining contractual maturities.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ImpairedLoansPastDueLoansClassifiedAsNetOfAllowanceForLoanLossesTextBlock" xlink:label="loc_bap_ImpairedLoansPastDueLoansClassifiedAsNetOfAllowanceForLoanLossesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ImpairedLoansPastDueLoansClassifiedAsNetOfAllowanceForLoanLossesTextBlock" xml:lang="en-US">Impaired loans, past due loans classified as net of the allowance for loan losses [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ImpairedLoansPastDueLoansClassifiedAsNetOfAllowanceForLoanLossesTextBlock" xlink:to="lab_bap_ImpairedLoansPastDueLoansClassifiedAsNetOfAllowanceForLoanLossesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ImpairedLoansPastDueLoansClassifiedAsNetOfAllowanceForLoanLossesTextBlock" xml:lang="en-US">The disclosure of impaired loans, past due loans classified as net of the allowance for loan losses.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FairValueHierarchyCategorizedFinancialInstrumentsTextBlock" xlink:label="loc_bap_FairValueHierarchyCategorizedFinancialInstrumentsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FairValueHierarchyCategorizedFinancialInstrumentsTextBlock" xml:lang="en-US">Fair value hierarchy categorized financial instruments [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FairValueHierarchyCategorizedFinancialInstrumentsTextBlock" xlink:to="lab_bap_FairValueHierarchyCategorizedFinancialInstrumentsTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_FairValueHierarchyCategorizedFinancialInstrumentsTextBlock" xml:lang="en-US">Disclosure of financial position of fair value hierarchy categorized.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FinancialAssetsAdministrationOffBalanceSheetTextBlock" xlink:label="loc_bap_FinancialAssetsAdministrationOffBalanceSheetTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FinancialAssetsAdministrationOffBalanceSheetTextBlock" xml:lang="en-US">Financial assets administration off the balance sheet [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FinancialAssetsAdministrationOffBalanceSheetTextBlock" xlink:to="lab_bap_FinancialAssetsAdministrationOffBalanceSheetTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_FinancialAssetsAdministrationOffBalanceSheetTextBlock" xml:lang="en-US">Disclosure of financial assets administration off the balance sheet.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_SummaryQuantitativeDataAboutEntitysExposureToRisk" xlink:label="loc_ifrs-full_SummaryQuantitativeDataAboutEntitysExposureToRisk" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_SummaryQuantitativeDataAboutEntitysExposureToRisk" xml:lang="en-US">Summary quantitative data about entity's exposure to risk [text block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SummaryQuantitativeDataAboutEntitysExposureToRisk" xlink:to="lab_ifrs-full_SummaryQuantitativeDataAboutEntitysExposureToRisk" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchangeRatesTextBlock" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchangeRatesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchangeRatesTextBlock" 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/verboseLabel" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchangeRatesTextBlock" xml:lang="en-US">Disclosure of detailed information about assets and liabilities by currencies at the free market exchange rates [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchangeRatesTextBlock" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchangeRatesTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchangeRatesTextBlock" xml:lang="en-US">The disclosure of detailed information about potential net reduction in income due to market price sensitivity.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ComparisonOfFinancialInstrumentsAreNotMeasuredAtFairValueHierarchyTextBlock" xlink:label="loc_bap_ComparisonOfFinancialInstrumentsAreNotMeasuredAtFairValueHierarchyTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ComparisonOfFinancialInstrumentsAreNotMeasuredAtFairValueHierarchyTextBlock" xml:lang="en-US">The comparison of financial instruments are not measured at fair value hierarchy [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ComparisonOfFinancialInstrumentsAreNotMeasuredAtFairValueHierarchyTextBlock" xlink:to="lab_bap_ComparisonOfFinancialInstrumentsAreNotMeasuredAtFairValueHierarchyTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ComparisonOfFinancialInstrumentsAreNotMeasuredAtFairValueHierarchyTextBlock" xml:lang="en-US">The disclosure of financial instruments are not measured at fair value hierarchy.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureAndDetailedInformationAboutCarryingAmountOfAllowanceForDirectAndIndirectLoanLossesAndItsEstimationsTableTextBlock" xlink:label="loc_bap_DisclosureAndDetailedInformationAboutCarryingAmountOfAllowanceForDirectAndIndirectLoanLossesAndItsEstimationsTableTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureAndDetailedInformationAboutCarryingAmountOfAllowanceForDirectAndIndirectLoanLossesAndItsEstimationsTableTextBlock" 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>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureAndDetailedInformationAboutCarryingAmountOfAllowanceForDirectAndIndirectLoanLossesAndItsEstimationsTableTextBlock" xlink:to="lab_bap_DisclosureAndDetailedInformationAboutCarryingAmountOfAllowanceForDirectAndIndirectLoanLossesAndItsEstimationsTableTextBlock" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureAndDetailedInformationAboutCarryingAmountOfAllowanceForDirectAndIndirectLoanLossesAndItsEstimationsTableTextBlock" xml:lang="en-US">Tabular disclosure of carrying amount of allowance for direct and indirect loan losses and its estimation.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfAcquisitionsTransfersAndMergerTable" xlink:label="loc_bap_DisclosureOfAcquisitionsTransfersAndMergerTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfAcquisitionsTransfersAndMergerTable" xml:lang="en-US">Disclosure Of Acquisitions, Transfers And Merger [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfAcquisitionsTransfersAndMergerTable" xlink:to="lab_bap_DisclosureOfAcquisitionsTransfersAndMergerTable" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BusinessCombinationsAxis" xlink:label="loc_ifrs-full_BusinessCombinationsAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_BusinessCombinationsAxis" xml:lang="en-US">Business combinations [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BusinessCombinationsAxis" xlink:to="lab_ifrs-full_BusinessCombinationsAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EntitysTotalForBusinessCombinationsMember" xlink:label="loc_ifrs-full_EntitysTotalForBusinessCombinationsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_EntitysTotalForBusinessCombinationsMember" xml:lang="en-US">Entity's total for business combinations [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EntitysTotalForBusinessCombinationsMember" xlink:to="lab_ifrs-full_EntitysTotalForBusinessCombinationsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InversionesimtSaMember" xlink:label="loc_bap_InversionesimtSaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InversionesimtSaMember" xml:lang="en-US">Inversiones IMT S.A. [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InversionesimtSaMember" xlink:to="lab_bap_InversionesimtSaMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CredicorpCapitalcolombiaSaMember" xlink:label="loc_bap_CredicorpCapitalcolombiaSaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CredicorpCapitalcolombiaSaMember" xml:lang="en-US">Credicorp Capital Colombia S.A. [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_CredicorpCapitalcolombiaSaMember" xml:lang="en-US">Credicorp Capital Colombia [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_CredicorpCapitalcolombiaSaMember" xml:lang="en-US">Credicorp Capital Colombia [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CredicorpCapitalcolombiaSaMember" xlink:to="lab_bap_CredicorpCapitalcolombiaSaMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CobybusinessIncYArtigasglobalCorpMember" xlink:label="loc_bap_CobybusinessIncYArtigasglobalCorpMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CobybusinessIncYArtigasglobalCorpMember" xml:lang="en-US">Coby Business Inc. y Artigas Global Corp. [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CobybusinessIncYArtigasglobalCorpMember" xlink:to="lab_bap_CobybusinessIncYArtigasglobalCorpMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassesOfAcquiredReceivablesAxis" xlink:label="loc_ifrs-full_ClassesOfAcquiredReceivablesAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ClassesOfAcquiredReceivablesAxis" xml:lang="en-US">Classes of acquired receivables [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfAcquiredReceivablesAxis" xlink:to="lab_ifrs-full_ClassesOfAcquiredReceivablesAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassesOfAcquiredReceivablesMember" xlink:label="loc_ifrs-full_ClassesOfAcquiredReceivablesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ClassesOfAcquiredReceivablesMember" xml:lang="en-US">Classes of acquired receivables [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfAcquiredReceivablesMember" xlink:to="lab_ifrs-full_ClassesOfAcquiredReceivablesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CompaniesAcquiredMember" xlink:label="loc_bap_CompaniesAcquiredMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CompaniesAcquiredMember" xml:lang="en-US">Companies acquired [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CompaniesAcquiredMember" xlink:to="lab_bap_CompaniesAcquiredMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfAcquisitionsTransfersAndMergerLineItems" xlink:label="loc_bap_DisclosureOfAcquisitionsTransfersAndMergerLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfAcquisitionsTransfersAndMergerLineItems" xml:lang="en-US">Disclosure Of Acquisitions Transfers And Merger [Line Items]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_DisclosureOfAcquisitionsTransfersAndMergerLineItems" xml:lang="en-US">Disclosure Of Acquisitions, Transfers And Merger [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfAcquisitionsTransfersAndMergerLineItems" xlink:to="lab_bap_DisclosureOfAcquisitionsTransfersAndMergerLineItems" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_IncreaseDecreaseThroughAcquisitionOfNonControllingInterests" xlink:label="loc_bap_IncreaseDecreaseThroughAcquisitionOfNonControllingInterests" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_IncreaseDecreaseThroughAcquisitionOfNonControllingInterests" xml:lang="en-US">Increase decrease through acquisition of non controlling interests</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_IncreaseDecreaseThroughAcquisitionOfNonControllingInterests" xml:lang="en-US">Assets and liabilities acquired / Non controlling interest</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_IncreaseDecreaseThroughAcquisitionOfNonControllingInterests" xlink:to="lab_bap_IncreaseDecreaseThroughAcquisitionOfNonControllingInterests" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_IncreaseDecreaseThroughAcquisitionOfNonControllingInterests" xml:lang="en-US">The increase (decrease) in equity resulting from the acquisition of non-controlling interests.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_HigherValuePaidForChangesInOwnershipInterestsInSubsidiaries" xlink:label="loc_bap_HigherValuePaidForChangesInOwnershipInterestsInSubsidiaries" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_HigherValuePaidForChangesInOwnershipInterestsInSubsidiaries" xml:lang="en-US">Higher value paid for changes in ownership interests in subsidiaries</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_bap_HigherValuePaidForChangesInOwnershipInterestsInSubsidiaries" xml:lang="en-US">Higher value paid</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_HigherValuePaidForChangesInOwnershipInterestsInSubsidiaries" xlink:to="lab_bap_HigherValuePaidForChangesInOwnershipInterestsInSubsidiaries" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_HigherValuePaidForChangesInOwnershipInterestsInSubsidiaries" xml:lang="en-US">A portion of the price paid by the acquirer of an entity or business that exceeds the value of net assets of the acquired entity or business.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SaleOptionAxis" xlink:label="loc_bap_SaleOptionAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SaleOptionAxis" xml:lang="en-US">Sale option [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SaleOptionAxis" xlink:to="lab_bap_SaleOptionAxis" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SaleOptionDomain" xlink:label="loc_bap_SaleOptionDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SaleOptionDomain" xml:lang="en-US">Sale option [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SaleOptionDomain" xlink:to="lab_bap_SaleOptionDomain" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FirstTrancheMember" xlink:label="loc_bap_FirstTrancheMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FirstTrancheMember" xml:lang="en-US">First Tranche [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FirstTrancheMember" xlink:to="lab_bap_FirstTrancheMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SecondTrancheMember" xlink:label="loc_bap_SecondTrancheMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SecondTrancheMember" xml:lang="en-US">Second Tranche [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SecondTrancheMember" xlink:to="lab_bap_SecondTrancheMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RangeAxis" xlink:label="loc_ifrs-full_RangeAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_RangeAxis" xml:lang="en-US">Range [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RangeAxis" xlink:to="lab_ifrs-full_RangeAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RangesMember" xlink:label="loc_ifrs-full_RangesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_RangesMember" xml:lang="en-US">Ranges [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RangesMember" xlink:to="lab_ifrs-full_RangesMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BottomOfRangeMember" xlink:label="loc_ifrs-full_BottomOfRangeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_BottomOfRangeMember" xml:lang="en-US">Bottom of range [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BottomOfRangeMember" xlink:to="lab_ifrs-full_BottomOfRangeMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TopOfRangeMember" xlink:label="loc_ifrs-full_TopOfRangeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_TopOfRangeMember" xml:lang="en-US">Top of range [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TopOfRangeMember" xlink:to="lab_ifrs-full_TopOfRangeMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:label="loc_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xml:lang="en-US">Subsidiaries [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:to="lab_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EntitysTotalForSubsidiariesMember" xlink:label="loc_ifrs-full_EntitysTotalForSubsidiariesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_EntitysTotalForSubsidiariesMember" xml:lang="en-US">Entity's total for subsidiaries [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EntitysTotalForSubsidiariesMember" xlink:to="lab_ifrs-full_EntitysTotalForSubsidiariesMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ConsolidatedStructuredEntitiesAxis" xlink:label="loc_ifrs-full_ConsolidatedStructuredEntitiesAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ConsolidatedStructuredEntitiesAxis" xml:lang="en-US">Consolidated structured entities [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ConsolidatedStructuredEntitiesAxis" xlink:to="lab_ifrs-full_ConsolidatedStructuredEntitiesAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EntitysTotalForConsolidatedStructuredEntitiesMember" xlink:label="loc_ifrs-full_EntitysTotalForConsolidatedStructuredEntitiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_EntitysTotalForConsolidatedStructuredEntitiesMember" xml:lang="en-US">Entity's total for consolidated structured entities [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EntitysTotalForConsolidatedStructuredEntitiesMember" xlink:to="lab_ifrs-full_EntitysTotalForConsolidatedStructuredEntitiesMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:label="loc_ifrs-full_CategoriesOfRelatedPartiesAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CategoriesOfRelatedPartiesAxis" xml:lang="en-US">Categories of related parties [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:to="lab_ifrs-full_CategoriesOfRelatedPartiesAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:label="loc_ifrs-full_EntitysTotalForRelatedPartiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_EntitysTotalForRelatedPartiesMember" xml:lang="en-US">Entity's total for related parties [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:to="lab_ifrs-full_EntitysTotalForRelatedPartiesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CredicorpCapitalLtdMember" xlink:label="loc_bap_CredicorpCapitalLtdMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CredicorpCapitalLtdMember" xml:lang="en-US">Credicorp Capital Ltd [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CredicorpCapitalLtdMember" xlink:to="lab_bap_CredicorpCapitalLtdMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CredicorpCapitalHoldingChileMember" xlink:label="loc_bap_CredicorpCapitalHoldingChileMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CredicorpCapitalHoldingChileMember" xml:lang="en-US">Credicorp Capital Holding Chile [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CredicorpCapitalHoldingChileMember" xlink:to="lab_bap_CredicorpCapitalHoldingChileMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CredicorpCapitalHoldingColombiaMember" xlink:label="loc_bap_CredicorpCapitalHoldingColombiaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CredicorpCapitalHoldingColombiaMember" xml:lang="en-US">Credicorp Capital Holding Colombia [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CredicorpCapitalHoldingColombiaMember" xlink:to="lab_bap_CredicorpCapitalHoldingColombiaMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MibancoMember" xlink:label="loc_bap_MibancoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MibancoMember" xml:lang="en-US">Mibanco [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MibancoMember" xlink:to="lab_bap_MibancoMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_SegmentConsolidationItemsAxis" xlink:label="loc_ifrs-full_SegmentConsolidationItemsAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_SegmentConsolidationItemsAxis" xml:lang="en-US">Segment consolidation items [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SegmentConsolidationItemsAxis" xlink:to="lab_ifrs-full_SegmentConsolidationItemsAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" xlink:label="loc_ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" xml:lang="en-US">Entity's total for segment consolidation items [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" xlink:to="lab_ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CapitalContributionsApproved" xlink:label="loc_bap_CapitalContributionsApproved" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CapitalContributionsApproved" xml:lang="en-US">Capital contributions approved</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CapitalContributionsApproved" xlink:to="lab_bap_CapitalContributionsApproved" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_CapitalContributionsApproved" xml:lang="en-US">The amount of capital contributions approved by the parent.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PercentageOfVotingEquityInterestsAcquired" xlink:label="loc_ifrs-full_PercentageOfVotingEquityInterestsAcquired" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_PercentageOfVotingEquityInterestsAcquired" xml:lang="en-US">Percentage of voting equity interests acquired</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PercentageOfVotingEquityInterestsAcquired" xlink:to="lab_ifrs-full_PercentageOfVotingEquityInterestsAcquired" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:label="loc_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xml:lang="en-US">Cash flows used in obtaining control of subsidiaries or other businesses, classified as investing activities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:to="lab_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ProceedsFromOwnResources" xlink:label="loc_bap_ProceedsFromOwnResources" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ProceedsFromOwnResources" xml:lang="en-US">Proceeds From Own Resources</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ProceedsFromOwnResources" xlink:to="lab_bap_ProceedsFromOwnResources" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ProceedsFromOwnResources" xml:lang="en-US">The amount of proceeds from own resources.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:label="loc_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xml:lang="en-US">Proportion of ownership interest in subsidiary</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xml:lang="en-US">Percentage of interest (direct and indirect)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:to="lab_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CapitalContributionsGrossApproved" xlink:label="loc_bap_CapitalContributionsGrossApproved" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CapitalContributionsGrossApproved" xml:lang="en-US">Capital Contributions Gross Approved</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CapitalContributionsGrossApproved" xlink:to="lab_bap_CapitalContributionsGrossApproved" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_CapitalContributionsGrossApproved" xml:lang="en-US">The amount of capital contributions gross approved by the parent.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ProportionOfOwnershipInterestsAcquiredInSubsidiaryPreviouslyHeldByNoncontrollingInterests" xlink:label="loc_bap_ProportionOfOwnershipInterestsAcquiredInSubsidiaryPreviouslyHeldByNoncontrollingInterests" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ProportionOfOwnershipInterestsAcquiredInSubsidiaryPreviouslyHeldByNoncontrollingInterests" xml:lang="en-US">Proportion of ownership interests acquired in subsidiary previously held by non-controlling interests</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_ProportionOfOwnershipInterestsAcquiredInSubsidiaryPreviouslyHeldByNoncontrollingInterests" xml:lang="en-US">Proportion of ownership interests acquired in subsidiary previously held by non-controlling interests</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ProportionOfOwnershipInterestsAcquiredInSubsidiaryPreviouslyHeldByNoncontrollingInterests" xlink:to="lab_bap_ProportionOfOwnershipInterestsAcquiredInSubsidiaryPreviouslyHeldByNoncontrollingInterests" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ProportionOfOwnershipInterestsAcquiredInSubsidiaryPreviouslyHeldByNoncontrollingInterests" xml:lang="en-US">The proportion of ownership interests acquired in a subsidiary held by non-controlling interests.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ProportionOfOwnershipInterestsAcquiredPreviouslyHeldByNoncontrollingInterests" xlink:label="loc_bap_ProportionOfOwnershipInterestsAcquiredPreviouslyHeldByNoncontrollingInterests" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ProportionOfOwnershipInterestsAcquiredPreviouslyHeldByNoncontrollingInterests" xml:lang="en-US">Proportion of ownership interests acquired previously held by non-controlling interests</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_ProportionOfOwnershipInterestsAcquiredPreviouslyHeldByNoncontrollingInterests" xml:lang="en-US">Proportion of ownership interests acquired previously held by non-controlling interests</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ProportionOfOwnershipInterestsAcquiredPreviouslyHeldByNoncontrollingInterests" xlink:to="lab_bap_ProportionOfOwnershipInterestsAcquiredPreviouslyHeldByNoncontrollingInterests" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ProportionOfOwnershipInterestsAcquiredPreviouslyHeldByNoncontrollingInterests" xml:lang="en-US">The proportion of ownership interests acquired held by non-controlling interests.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PaymentsOfOtherEquityInstruments" xlink:label="loc_ifrs-full_PaymentsOfOtherEquityInstruments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_PaymentsOfOtherEquityInstruments" xml:lang="en-US">Payments of other equity instruments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_PaymentsOfOtherEquityInstruments" xml:lang="en-US">Payments of other equity instruments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PaymentsOfOtherEquityInstruments" xlink:to="lab_ifrs-full_PaymentsOfOtherEquityInstruments" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests" xlink:label="loc_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests" xml:lang="en-US">Proportion of ownership interests held by non-controlling interests</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests" xlink:to="lab_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities" xlink:label="loc_ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities" xml:lang="en-US">Proceeds from issue of subordinated liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities" xlink:to="lab_ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:label="loc_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xml:lang="en-US">Non-adjusting events after reporting period [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:to="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NonadjustingEventsMember" xlink:label="loc_ifrs-full_NonadjustingEventsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_NonadjustingEventsMember" xml:lang="en-US">Non-adjusting events after reporting period [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NonadjustingEventsMember" xlink:to="lab_ifrs-full_NonadjustingEventsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SubsequentEventsMemberMember" xlink:label="loc_bap_SubsequentEventsMemberMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SubsequentEventsMemberMember" xml:lang="en-US">Subsequent Events Member [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SubsequentEventsMemberMember" xlink:to="lab_bap_SubsequentEventsMemberMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfFinancialInstrumentsTable" xlink:label="loc_ifrs-full_DisclosureOfFinancialInstrumentsTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfFinancialInstrumentsTable" xml:lang="en-US">Disclosure of detailed information about financial instruments [table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialInstrumentsTable" xlink:to="lab_ifrs-full_DisclosureOfFinancialInstrumentsTable" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LoansAndReceivablesCategoryMember" xlink:label="loc_ifrs-full_LoansAndReceivablesCategoryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_LoansAndReceivablesCategoryMember" xml:lang="en-US">Loans and receivables, category [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_ifrs-full_LoansAndReceivablesCategoryMember" xml:lang="en-US">Loans and receivables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_LoansAndReceivablesCategoryMember" xml:lang="en-US">Loans and receivables [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_LoansAndReceivablesCategoryMember" xml:lang="en-US">Loans and receivables [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LoansAndReceivablesCategoryMember" xlink:to="lab_ifrs-full_LoansAndReceivablesCategoryMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" 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="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xml:lang="en-US">At fair value through profit or loss</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xml:lang="en-US">At fair value through profit or loss [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xml:lang="en-US">Measured at fair value through profit or loss</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xlink:to="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_HeldtomaturityInvestmentsCategoryMember" xlink:label="loc_ifrs-full_HeldtomaturityInvestmentsCategoryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_HeldtomaturityInvestmentsCategoryMember" xml:lang="en-US">Held-to-maturity investments, category [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_HeldtomaturityInvestmentsCategoryMember" xml:lang="en-US">Held-to-maturity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_ifrs-full_HeldtomaturityInvestmentsCategoryMember" xml:lang="en-US">Held to maturity [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_HeldtomaturityInvestmentsCategoryMember" xml:lang="en-US">Investments held-to-maturity [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_HeldtomaturityInvestmentsCategoryMember" xlink:to="lab_ifrs-full_HeldtomaturityInvestmentsCategoryMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsAvailableforsaleCategoryMember" xlink:label="loc_ifrs-full_FinancialAssetsAvailableforsaleCategoryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialAssetsAvailableforsaleCategoryMember" xml:lang="en-US">Financial assets available-for-sale, category [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_ifrs-full_FinancialAssetsAvailableforsaleCategoryMember" xml:lang="en-US">Available-for-sale</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/presentationGuidance" xlink:label="lab_ifrs-full_FinancialAssetsAvailableforsaleCategoryMember" xml:lang="en-US">Available for sale [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_FinancialAssetsAvailableforsaleCategoryMember" xml:lang="en-US">Investments available- for-sale [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_FinancialAssetsAvailableforsaleCategoryMember" xml:lang="en-US">Investments available- for-sale [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAvailableforsaleCategoryMember" xlink:to="lab_ifrs-full_FinancialAssetsAvailableforsaleCategoryMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialLiabilitiesAtFairValueMember" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValueMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValueMember" xml:lang="en-US">Financial liabilities at fair value, class [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValueMember" xml:lang="en-US">At fair value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueMember" xlink:to="lab_ifrs-full_FinancialLiabilitiesAtFairValueMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FairValueHedgesMember" xlink:label="loc_ifrs-full_FairValueHedgesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FairValueHedgesMember" xml:lang="en-US">Fair value hedges [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_FairValueHedgesMember" xml:lang="en-US">At fair value for trading or for hedging purposes</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FairValueHedgesMember" xlink:to="lab_ifrs-full_FairValueHedgesMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember" 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="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember" xml:lang="en-US">At fair value through profit or loss (Designated upon initial recognition)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember" xml:lang="en-US">Held for trading and hedging and others [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember" xlink:to="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember" xlink:label="loc_ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember" xml:lang="en-US">Financial assets at amortised cost, category [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember" xml:lang="en-US">Amortized cost</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember" xml:lang="en-US">Amortized cost [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember" xlink:to="lab_ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InvestmentsInEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" xlink:label="loc_ifrs-full_InvestmentsInEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_InvestmentsInEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" xml:lang="en-US">Investments in equity instruments designated at fair value through other comprehensive income [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_InvestmentsInEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" xml:lang="en-US">At fair value through other comprehensive income (Debt instruments)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_ifrs-full_InvestmentsInEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" xml:lang="en-US">At fair value through other comprehensive income investments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InvestmentsInEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" xlink:to="lab_ifrs-full_InvestmentsInEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AtFairValueThroughOtherComprehensiveIncomeDesignatedEquityInstrumentsMember" xlink:label="loc_bap_AtFairValueThroughOtherComprehensiveIncomeDesignatedEquityInstrumentsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AtFairValueThroughOtherComprehensiveIncomeDesignatedEquityInstrumentsMember" xml:lang="en-US">At fair value through other comprehensive income (Designated equity instruments)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AtFairValueThroughOtherComprehensiveIncomeDesignatedEquityInstrumentsMember" xlink:to="lab_bap_AtFairValueThroughOtherComprehensiveIncomeDesignatedEquityInstrumentsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AtFairValueThroughOtherComprehensiveIncomeDesignatedEquityInstrumentsMember" xml:lang="en-US">At fair value through other comprehensive income Designated equity instruments</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfFinancialInstrumentsLineItems" xlink:label="loc_ifrs-full_DisclosureOfFinancialInstrumentsLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfFinancialInstrumentsLineItems" xml:lang="en-US">Disclosure of detailed information about financial instruments [line items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialInstrumentsLineItems" xlink:to="lab_ifrs-full_DisclosureOfFinancialInstrumentsLineItems" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InvestmentsAtFairValueThroughProfitOrLoss" xlink:label="loc_bap_InvestmentsAtFairValueThroughProfitOrLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InvestmentsAtFairValueThroughProfitOrLoss" xml:lang="en-US">Investments at fair value through profit or loss</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_InvestmentsAtFairValueThroughProfitOrLoss" xml:lang="en-US">Investments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InvestmentsAtFairValueThroughProfitOrLoss" xlink:to="lab_bap_InvestmentsAtFairValueThroughProfitOrLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_InvestmentsAtFairValueThroughProfitOrLoss" xml:lang="en-US">It represents of investments at fairvalue through profit or loss</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LoansAndReceivables" xlink:label="loc_ifrs-full_LoansAndReceivables" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_LoansAndReceivables" xml:lang="en-US">Loans and receivables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_LoansAndReceivables" xml:lang="en-US">Loans, net</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_LoansAndReceivables" xml:lang="en-US">Loans</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LoansAndReceivables" xlink:to="lab_ifrs-full_LoansAndReceivables" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsReclassifiedOutOfFinancialAssetsAtFairValueThroughProfitOrLossCarryingAmount" xlink:label="loc_ifrs-full_FinancialAssetsReclassifiedOutOfFinancialAssetsAtFairValueThroughProfitOrLossCarryingAmount" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialAssetsReclassifiedOutOfFinancialAssetsAtFairValueThroughProfitOrLossCarryingAmount" xml:lang="en-US">Financial assets reclassified out of financial assets at fair value through profit or loss, carrying amount</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_FinancialAssetsReclassifiedOutOfFinancialAssetsAtFairValueThroughProfitOrLossCarryingAmount" xml:lang="en-US">Financial assets designated at fair value through profit or loss</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsReclassifiedOutOfFinancialAssetsAtFairValueThroughProfitOrLossCarryingAmount" xlink:to="lab_ifrs-full_FinancialAssetsReclassifiedOutOfFinancialAssetsAtFairValueThroughProfitOrLossCarryingAmount" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PremiumAndOtherPoliciesReceivable" xlink:label="loc_bap_PremiumAndOtherPoliciesReceivable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PremiumAndOtherPoliciesReceivable" xml:lang="en-US">Premium and other policies receivable</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PremiumAndOtherPoliciesReceivable" xlink:to="lab_bap_PremiumAndOtherPoliciesReceivable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_PremiumAndOtherPoliciesReceivable" xml:lang="en-US">It represents of premium and other policies receivable</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReinsuranceContractsHeldThatAreAssets" xlink:label="loc_ifrs-full_ReinsuranceContractsHeldThatAreAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ReinsuranceContractsHeldThatAreAssets" xml:lang="en-US">Reinsurance contracts held that are assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_ReinsuranceContractsHeldThatAreAssets" xml:lang="en-US">Accounts receivable from reinsurers and coinsurers</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ReinsuranceContractsHeldThatAreAssets" xml:lang="en-US">Accounts receivable from reinsurers and coinsurers</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReinsuranceContractsHeldThatAreAssets" xlink:to="lab_ifrs-full_ReinsuranceContractsHeldThatAreAssets" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DueFromCustomersOnAcceptance" xlink:label="loc_bap_DueFromCustomersOnAcceptance" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DueFromCustomersOnAcceptance" xml:lang="en-US">Due from customers on acceptance</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DueFromCustomersOnAcceptance" xlink:to="lab_bap_DueFromCustomersOnAcceptance" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DueFromCustomersOnAcceptance" xml:lang="en-US">It represents of amount due from customers</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DerivativeFinancialAssetsHeldForHedging" xlink:label="loc_ifrs-full_DerivativeFinancialAssetsHeldForHedging" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DerivativeFinancialAssetsHeldForHedging" xml:lang="en-US">Derivative financial assets held for hedging</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_DerivativeFinancialAssetsHeldForHedging" xml:lang="en-US">Derivatives receivable</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DerivativeFinancialAssetsHeldForHedging" xlink:to="lab_ifrs-full_DerivativeFinancialAssetsHeldForHedging" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialLiabilitiesAtAmortisedCost" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCost" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCost" xml:lang="en-US">Financial liabilities at amortised cost</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCost" xml:lang="en-US">Liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCost" xlink:to="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCost" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" xml:lang="en-US">Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" xml:lang="en-US">Liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" xlink:to="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialLiabilities" xlink:label="loc_ifrs-full_FinancialLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialLiabilities" xml:lang="en-US">Financial liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_FinancialLiabilities" xml:lang="en-US">Total financial liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_FinancialLiabilities" xml:lang="en-US">Total financial liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilities" xlink:to="lab_ifrs-full_FinancialLiabilities" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_IAS39Member" xlink:label="loc_bap_IAS39Member" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_IAS39Member" xml:lang="en-US">IAS 39 [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_IAS39Member" xml:lang="en-US">IAS 39</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_IAS39Member" xlink:to="lab_bap_IAS39Member" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EffectOfOverlayApproachReclassificationMember" xlink:label="loc_ifrs-full_EffectOfOverlayApproachReclassificationMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_EffectOfOverlayApproachReclassificationMember" xml:lang="en-US">Effect of overlay approach reclassification [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_EffectOfOverlayApproachReclassificationMember" xml:lang="en-US">IFRS 9</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EffectOfOverlayApproachReclassificationMember" xlink:to="lab_ifrs-full_EffectOfOverlayApproachReclassificationMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfSignificantAccountingPoliciesTable" xlink:label="loc_bap_DisclosureOfSignificantAccountingPoliciesTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfSignificantAccountingPoliciesTable" xml:lang="en-US">Disclosure Of Significant Accounting Policies [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfSignificantAccountingPoliciesTable" xlink:to="lab_bap_DisclosureOfSignificantAccountingPoliciesTable" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfSignificantAccountingPoliciesLineItems" xlink:label="loc_bap_DisclosureOfSignificantAccountingPoliciesLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfSignificantAccountingPoliciesLineItems" xml:lang="en-US">Disclosure Of Significant Accounting Policies [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfSignificantAccountingPoliciesLineItems" xlink:to="lab_bap_DisclosureOfSignificantAccountingPoliciesLineItems" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CashAndDueFromBank" xlink:label="loc_bap_CashAndDueFromBank" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CashAndDueFromBank" xml:lang="en-US">Cash and due from bank</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/presentationGuidance" xlink:label="lab_bap_CashAndDueFromBank" xml:lang="en-US">Cash and due from banks</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CashAndDueFromBank" xlink:to="lab_bap_CashAndDueFromBank" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_CashAndDueFromBank" xml:lang="en-US">It represents of Banks maintain deposits in other banks to facilitate the transfer of funds. Those bank assets, known as "due from bank</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ReconciliationOfFinancialAssetsAtFairValueThroughProfitOrLossAbstract" xlink:label="loc_bap_ReconciliationOfFinancialAssetsAtFairValueThroughProfitOrLossAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ReconciliationOfFinancialAssetsAtFairValueThroughProfitOrLossAbstract" xml:lang="en-US">Reconciliation of financial assets at fair value through profit or loss [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_ReconciliationOfFinancialAssetsAtFairValueThroughProfitOrLossAbstract" xml:lang="en-US">At fair value through profit or loss :</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ReconciliationOfFinancialAssetsAtFairValueThroughProfitOrLossAbstract" xlink:to="lab_bap_ReconciliationOfFinancialAssetsAtFairValueThroughProfitOrLossAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InvestmentsAtFairValueThroughProfitOrLossBeginningBalance" xlink:label="loc_bap_InvestmentsAtFairValueThroughProfitOrLossBeginningBalance" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InvestmentsAtFairValueThroughProfitOrLossBeginningBalance" xml:lang="en-US">Investments at fair value through profit or loss beginning balance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_bap_InvestmentsAtFairValueThroughProfitOrLossBeginningBalance" xml:lang="en-US">Opening balance under IAS 39</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_bap_InvestmentsAtFairValueThroughProfitOrLossBeginningBalance" xml:lang="en-US">Closing balance under IFRS 9</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InvestmentsAtFairValueThroughProfitOrLossBeginningBalance" xlink:to="lab_bap_InvestmentsAtFairValueThroughProfitOrLossBeginningBalance" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_InvestmentsAtFairValueThroughProfitOrLossBeginningBalance" xml:lang="en-US">Reconciliation of investments at fair value through profit or loss beginning balance.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAbstract" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAbstract" 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/terseLabel" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAbstract" xml:lang="en-US">At fair value through other comprehensive income (debt):</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAbstract" xml:lang="en-US">Investments at fair value through other comprehensive income:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAbstract" xlink:to="lab_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BalanceUnderIAS39" xlink:label="loc_bap_BalanceUnderIAS39" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BalanceUnderIAS39" xml:lang="en-US">Balance under IAS39</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_bap_BalanceUnderIAS39" xml:lang="en-US">Opening balance under IAS 39</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_bap_BalanceUnderIAS39" xml:lang="en-US">Closing balance under IFRS 9</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BalanceUnderIAS39" xlink:to="lab_bap_BalanceUnderIAS39" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_BalanceUnderIAS39" xml:lang="en-US">Represents the amount of balance under IAS39.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FinancialAssetsAdditionFromInvestmentAvailableForSale" xlink:label="loc_bap_FinancialAssetsAdditionFromInvestmentAvailableForSale" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FinancialAssetsAdditionFromInvestmentAvailableForSale" xml:lang="en-US">Financial Assets Addition From Investment Available For Sale</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_bap_FinancialAssetsAdditionFromInvestmentAvailableForSale" xml:lang="en-US">Addition: From investments available for sale</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FinancialAssetsAdditionFromInvestmentAvailableForSale" xlink:to="lab_bap_FinancialAssetsAdditionFromInvestmentAvailableForSale" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_FinancialAssetsAdditionFromInvestmentAvailableForSale" xml:lang="en-US">It represents the amount of of addition from investment available for sale.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:label="loc_ifrs-full_FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome" xml:lang="en-US">Investments in equity instruments designated at fair value through other comprehensive income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome" xml:lang="en-US">At fair value through other comprehensive income (Designated equity instruments)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:to="lab_ifrs-full_FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AvailableforsaleFinancialAssetsAbstract" xlink:label="loc_ifrs-full_AvailableforsaleFinancialAssetsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AvailableforsaleFinancialAssetsAbstract" xml:lang="en-US">Available-for-sale financial assets [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_AvailableforsaleFinancialAssetsAbstract" xml:lang="en-US">Available for sale:</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_AvailableforsaleFinancialAssetsAbstract" xml:lang="en-US">Available-for-sale investments:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AvailableforsaleFinancialAssetsAbstract" xlink:to="lab_ifrs-full_AvailableforsaleFinancialAssetsAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AvailableForSaleBalance" xlink:label="loc_bap_AvailableForSaleBalance" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AvailableForSaleBalance" xml:lang="en-US">Available for sale balance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_bap_AvailableForSaleBalance" xml:lang="en-US">Opening balance under IAS 39</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_bap_AvailableForSaleBalance" xml:lang="en-US">Closing balance under IFRS 9</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AvailableForSaleBalance" xlink:to="lab_bap_AvailableForSaleBalance" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AvailableForSaleBalance" xml:lang="en-US">Represents the amount of available for sale balance.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReclassificationOutOfFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:label="loc_ifrs-full_ReclassificationOutOfFinancialAssetsAtFairValueThroughProfitOrLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ReclassificationOutOfFinancialAssetsAtFairValueThroughProfitOrLoss" xml:lang="en-US">Reclassification out of 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="lab_ifrs-full_ReclassificationOutOfFinancialAssetsAtFairValueThroughProfitOrLoss" xml:lang="en-US">Subtraction: Reclassification to investments at fair value through profit or loss</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReclassificationOutOfFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:to="lab_ifrs-full_ReclassificationOutOfFinancialAssetsAtFairValueThroughProfitOrLoss" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ReclassificationToInvestmentsAtFairValueThroughOtherComprehensiveIncomeAndDebt" xlink:label="loc_bap_ReclassificationToInvestmentsAtFairValueThroughOtherComprehensiveIncomeAndDebt" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ReclassificationToInvestmentsAtFairValueThroughOtherComprehensiveIncomeAndDebt" xml:lang="en-US">Reclassification to investments at fair value through other comprehensive income and debt</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_ReclassificationToInvestmentsAtFairValueThroughOtherComprehensiveIncomeAndDebt" xml:lang="en-US">Subtraction: Reclassification to investments at fair value through other comprehensive income (debt)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ReclassificationToInvestmentsAtFairValueThroughOtherComprehensiveIncomeAndDebt" xlink:to="lab_bap_ReclassificationToInvestmentsAtFairValueThroughOtherComprehensiveIncomeAndDebt" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ReclassificationToInvestmentsAtFairValueThroughOtherComprehensiveIncomeAndDebt" xml:lang="en-US">It represents of reclassification to investments for through available for sale.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ReclassificationToInvestmentsAtFairValueThroughOtherComprehensiveIncomeDesignatedEquity" xlink:label="loc_bap_ReclassificationToInvestmentsAtFairValueThroughOtherComprehensiveIncomeDesignatedEquity" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ReclassificationToInvestmentsAtFairValueThroughOtherComprehensiveIncomeDesignatedEquity" xml:lang="en-US">Reclassification to investments at fair value through other comprehensive income designated equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_ReclassificationToInvestmentsAtFairValueThroughOtherComprehensiveIncomeDesignatedEquity" xml:lang="en-US">Subtraction: Reclassification to investments at fair value through other comprehensive income (Designated - equity)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ReclassificationToInvestmentsAtFairValueThroughOtherComprehensiveIncomeDesignatedEquity" xlink:to="lab_bap_ReclassificationToInvestmentsAtFairValueThroughOtherComprehensiveIncomeDesignatedEquity" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ReclassificationToInvestmentsAtFairValueThroughOtherComprehensiveIncomeDesignatedEquity" xml:lang="en-US">It represents of reclassification to investments for through other comprehensive income through available for sale.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FinancialAssetsAtAmortizedCostAbstract" xlink:label="loc_bap_FinancialAssetsAtAmortizedCostAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FinancialAssetsAtAmortizedCostAbstract" xml:lang="en-US">Financial assets at amortized cost [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_FinancialAssetsAtAmortizedCostAbstract" xml:lang="en-US">Amortized cost:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FinancialAssetsAtAmortizedCostAbstract" xlink:to="lab_bap_FinancialAssetsAtAmortizedCostAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FinancialAssetsAtAmortizedCostBalance" xlink:label="loc_bap_FinancialAssetsAtAmortizedCostBalance" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FinancialAssetsAtAmortizedCostBalance" xml:lang="en-US">Financial assets at amortized cost balance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_bap_FinancialAssetsAtAmortizedCostBalance" xml:lang="en-US">Opening balance under IAS 39</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_bap_FinancialAssetsAtAmortizedCostBalance" xml:lang="en-US">Closing balance under IFRS 9</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FinancialAssetsAtAmortizedCostBalance" xlink:to="lab_bap_FinancialAssetsAtAmortizedCostBalance" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_FinancialAssetsAtAmortizedCostBalance" xml:lang="en-US">It represents the amount of amortized cost.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_HeldToMaturityAbstract" xlink:label="loc_bap_HeldToMaturityAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_HeldToMaturityAbstract" xml:lang="en-US">Held to maturity [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_HeldToMaturityAbstract" xml:lang="en-US">Held-to-maturity:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_HeldToMaturityAbstract" xlink:to="lab_bap_HeldToMaturityAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_HeldToMaturityBalance" xlink:label="loc_bap_HeldToMaturityBalance" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_HeldToMaturityBalance" xml:lang="en-US">Held to maturity balance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_bap_HeldToMaturityBalance" xml:lang="en-US">Opening balance under IAS 39</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_bap_HeldToMaturityBalance" xml:lang="en-US">Closing balance under IFRS 9</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_HeldToMaturityBalance" xlink:to="lab_bap_HeldToMaturityBalance" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_HeldToMaturityBalance" xml:lang="en-US">It represents of held maturity balance.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReclassificationOfFinancialAssetsOutOfMeasuredAtFairValueIntoMeasuredAtAmortisedCost" xlink:label="loc_ifrs-full_ReclassificationOfFinancialAssetsOutOfMeasuredAtFairValueIntoMeasuredAtAmortisedCost" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ReclassificationOfFinancialAssetsOutOfMeasuredAtFairValueIntoMeasuredAtAmortisedCost" xml:lang="en-US">Reclassification of financial assets out of measured at fair value through profit or loss into measured at amortised cost</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ReclassificationOfFinancialAssetsOutOfMeasuredAtFairValueIntoMeasuredAtAmortisedCost" xml:lang="en-US">Subtraction: Reclassification to investments at amortized cost</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReclassificationOfFinancialAssetsOutOfMeasuredAtFairValueIntoMeasuredAtAmortisedCost" xlink:to="lab_ifrs-full_ReclassificationOfFinancialAssetsOutOfMeasuredAtFairValueIntoMeasuredAtAmortisedCost" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LoansReceived" xlink:label="loc_ifrs-full_LoansReceived" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_LoansReceived" xml:lang="en-US">Loans received</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_LoansReceived" xml:lang="en-US">Loans, net</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_LoansReceived" xml:lang="en-US">Loans</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LoansReceived" xlink:to="lab_ifrs-full_LoansReceived" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsPreviouslyDesignatedAtFairValueThroughProfitOrLossButNoLongerSoDesignatedFirstApplicationOfIFRS9" xlink:label="loc_ifrs-full_FinancialAssetsPreviouslyDesignatedAtFairValueThroughProfitOrLossButNoLongerSoDesignatedFirstApplicationOfIFRS9" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialAssetsPreviouslyDesignatedAtFairValueThroughProfitOrLossButNoLongerSoDesignatedFirstApplicationOfIFRS9" xml:lang="en-US">Financial assets previously designated at fair value through profit or loss but no longer so designated, initial application of IFRS 9</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_FinancialAssetsPreviouslyDesignatedAtFairValueThroughProfitOrLossButNoLongerSoDesignatedFirstApplicationOfIFRS9" xml:lang="en-US">Financial assets designated at fair value through profit or loss</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsPreviouslyDesignatedAtFairValueThroughProfitOrLossButNoLongerSoDesignatedFirstApplicationOfIFRS9" xlink:to="lab_ifrs-full_FinancialAssetsPreviouslyDesignatedAtFairValueThroughProfitOrLossButNoLongerSoDesignatedFirstApplicationOfIFRS9" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PremiumsAndOtherPoliciesReceivable" xlink:label="loc_bap_PremiumsAndOtherPoliciesReceivable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PremiumsAndOtherPoliciesReceivable" xml:lang="en-US">Premiums and other policies receivable</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_PremiumsAndOtherPoliciesReceivable" 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="lab_bap_PremiumsAndOtherPoliciesReceivable" xml:lang="en-US">Premiums and other policies receivable</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PremiumsAndOtherPoliciesReceivable" xlink:to="lab_bap_PremiumsAndOtherPoliciesReceivable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_PremiumsAndOtherPoliciesReceivable" xml:lang="en-US">It represents of premiums and other receivables</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DueFromCustomersOnAcceptances" xlink:label="loc_bap_DueFromCustomersOnAcceptances" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DueFromCustomersOnAcceptances" xml:lang="en-US">Due from customers on acceptances</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_DueFromCustomersOnAcceptances" xml:lang="en-US">Due from customers on acceptances</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DueFromCustomersOnAcceptances" xlink:to="lab_bap_DueFromCustomersOnAcceptances" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DueFromCustomersOnAcceptances" xml:lang="en-US">Amount due from customers.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DerivativeFinancialAssets" xlink:label="loc_ifrs-full_DerivativeFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DerivativeFinancialAssets" xml:lang="en-US">Derivative financial assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_DerivativeFinancialAssets" xml:lang="en-US">Derivative receivables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_DerivativeFinancialAssets" xml:lang="en-US">Assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_ifrs-full_DerivativeFinancialAssets" xml:lang="en-US">Assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DerivativeFinancialAssets" xlink:to="lab_ifrs-full_DerivativeFinancialAssets" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ChangeOfCategoryMember" xlink:label="loc_bap_ChangeOfCategoryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ChangeOfCategoryMember" xml:lang="en-US">Change of category [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ChangeOfCategoryMember" xlink:to="lab_bap_ChangeOfCategoryMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ImpairmentOfFinancialAssetsAxis" xlink:label="loc_ifrs-full_ImpairmentOfFinancialAssetsAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ImpairmentOfFinancialAssetsAxis" xml:lang="en-US">Impairment of financial assets [axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ImpairmentOfFinancialAssetsAxis" xml:lang="en-US">Impairment of financial assets [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ImpairmentOfFinancialAssetsAxis" xlink:to="lab_ifrs-full_ImpairmentOfFinancialAssetsAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember" xlink:label="loc_ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember" xml:lang="en-US">Entity's total for impairment of financial assets [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember" xml:lang="en-US">Entity's total for impairment of financial assets [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember" xlink:to="lab_ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsImpairedMember" xlink:label="loc_ifrs-full_FinancialAssetsImpairedMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialAssetsImpairedMember" xml:lang="en-US">Financial assets impaired [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_FinancialAssetsImpairedMember" xml:lang="en-US">Impaired [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsImpairedMember" xlink:to="lab_ifrs-full_FinancialAssetsImpairedMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfFinancialAssetsAbstract" xlink:label="loc_ifrs-full_DisclosureOfFinancialAssetsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsAbstract" xml:lang="en-US">Disclosure of financial assets [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsAbstract" xml:lang="en-US">Financial asset:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialAssetsAbstract" xlink:to="lab_ifrs-full_DisclosureOfFinancialAssetsAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InvestmentAtAmortizedCost" xlink:label="loc_bap_InvestmentAtAmortizedCost" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InvestmentAtAmortizedCost" xml:lang="en-US">Investment at amortized cost</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InvestmentAtAmortizedCost" xlink:to="lab_bap_InvestmentAtAmortizedCost" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_InvestmentAtAmortizedCost" xml:lang="en-US">Investments at amortized cost</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AmountsReceivableRelatedPartyTransactions" xlink:label="loc_ifrs-full_AmountsReceivableRelatedPartyTransactions" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AmountsReceivableRelatedPartyTransactions" xml:lang="en-US">Amounts receivable, related party transactions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_AmountsReceivableRelatedPartyTransactions" xml:lang="en-US">Accounts receivable from reinsurers and coinsurers</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_AmountsReceivableRelatedPartyTransactions" xml:lang="en-US">Direct loans</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AmountsReceivableRelatedPartyTransactions" xlink:to="lab_ifrs-full_AmountsReceivableRelatedPartyTransactions" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossAbstract" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossAbstract" xml:lang="en-US">Financial liabilities at fair value through profit or loss [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossAbstract" xml:lang="en-US">Financial liabilities:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossAbstract" xlink:to="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ProvisionForCreditLossesOnIndirectLoans" xlink:label="loc_bap_ProvisionForCreditLossesOnIndirectLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ProvisionForCreditLossesOnIndirectLoans" xml:lang="en-US">Provision for credit losses on indirect loans</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_ProvisionForCreditLossesOnIndirectLoans" xml:lang="en-US">Provision for credit losses on indirect loans</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ProvisionForCreditLossesOnIndirectLoans" xlink:to="lab_bap_ProvisionForCreditLossesOnIndirectLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ProvisionForCreditLossesOnIndirectLoans" xml:lang="en-US">It represents of credit lossses on indirect loans</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ImpairmentOfFinancialLiabilityAxisAxis" xlink:label="loc_bap_ImpairmentOfFinancialLiabilityAxisAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ImpairmentOfFinancialLiabilityAxisAxis" xml:lang="en-US">Impairment of financial liability [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ImpairmentOfFinancialLiabilityAxisAxis" xlink:to="lab_bap_ImpairmentOfFinancialLiabilityAxisAxis" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ImpairmentOfFinancialLiabilityMember" xlink:label="loc_bap_ImpairmentOfFinancialLiabilityMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ImpairmentOfFinancialLiabilityMember" xml:lang="en-US">Impairment of financial liability [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ImpairmentOfFinancialLiabilityMember" xlink:to="lab_bap_ImpairmentOfFinancialLiabilityMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FinancialLiabilityMember" xlink:label="loc_bap_FinancialLiabilityMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FinancialLiabilityMember" xml:lang="en-US">Financial liability [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FinancialLiabilityMember" xlink:to="lab_bap_FinancialLiabilityMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BancoDeCreditoDelPeruAndSubsidiariesMember" xlink:label="loc_bap_BancoDeCreditoDelPeruAndSubsidiariesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BancoDeCreditoDelPeruAndSubsidiariesMember" 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/verboseLabel" xlink:label="lab_bap_BancoDeCreditoDelPeruAndSubsidiariesMember" xml:lang="en-US">Banco de Credito del Peru S.A. and Subsidiaries [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BancoDeCreditoDelPeruAndSubsidiariesMember" xlink:to="lab_bap_BancoDeCreditoDelPeruAndSubsidiariesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ElPacificoPeruanoSuizaCompaniaDeSegurosYReasegurosAndSubsidiariesMember" xlink:label="loc_bap_ElPacificoPeruanoSuizaCompaniaDeSegurosYReasegurosAndSubsidiariesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ElPacificoPeruanoSuizaCompaniaDeSegurosYReasegurosAndSubsidiariesMember" xml:lang="en-US">El Pacifico Peruano Suiza Compania de Seguros y Reaseguros and Subsidiaries [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_ElPacificoPeruanoSuizaCompaniaDeSegurosYReasegurosAndSubsidiariesMember" xml:lang="en-US">Pacifico Compania de Seguros y Reaseguros S.A. and Subsidiaries [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ElPacificoPeruanoSuizaCompaniaDeSegurosYReasegurosAndSubsidiariesMember" xlink:to="lab_bap_ElPacificoPeruanoSuizaCompaniaDeSegurosYReasegurosAndSubsidiariesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InversionesCredicorpBoliviaSAndSubsidiariesMember" xlink:label="loc_bap_InversionesCredicorpBoliviaSAndSubsidiariesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InversionesCredicorpBoliviaSAndSubsidiariesMember" xml:lang="en-US">Inversiones Credicorp Bolivia S A and Subsidiaries [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InversionesCredicorpBoliviaSAndSubsidiariesMember" xlink:to="lab_bap_InversionesCredicorpBoliviaSAndSubsidiariesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AtlanticSecurityHoldingCorporationAndSubsidiariesMember" xlink:label="loc_bap_AtlanticSecurityHoldingCorporationAndSubsidiariesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AtlanticSecurityHoldingCorporationAndSubsidiariesMember" xml:lang="en-US">Atlantic Security Holding Corporation and Subsidiaries [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AtlanticSecurityHoldingCorporationAndSubsidiariesMember" xlink:to="lab_bap_AtlanticSecurityHoldingCorporationAndSubsidiariesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CredicorpCapitalLtdAndSubsidiariesMember" xlink:label="loc_bap_CredicorpCapitalLtdAndSubsidiariesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CredicorpCapitalLtdAndSubsidiariesMember" xml:lang="en-US">Credicorp Capital Ltd. and Subsidiaries [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CredicorpCapitalLtdAndSubsidiariesMember" xlink:to="lab_bap_CredicorpCapitalLtdAndSubsidiariesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CcrIncMember" xlink:label="loc_bap_CcrIncMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CcrIncMember" xml:lang="en-US">CCR Inc [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CcrIncMember" xlink:to="lab_bap_CcrIncMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PrimaAfpSaMember" xlink:label="loc_bap_PrimaAfpSaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PrimaAfpSaMember" xml:lang="en-US">Prima AFP S.A [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_PrimaAfpSaMember" xml:lang="en-US">Prima AFP [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PrimaAfpSaMember" xlink:to="lab_bap_PrimaAfpSaMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_GrupoCreditoSaMember" xlink:label="loc_bap_GrupoCreditoSaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_GrupoCreditoSaMember" xml:lang="en-US">Grupo Credito S.A [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_GrupoCreditoSaMember" xlink:to="lab_bap_GrupoCreditoSaMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ActivityAndCountryOfOncorporation" xlink:label="loc_bap_ActivityAndCountryOfOncorporation" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ActivityAndCountryOfOncorporation" 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="lab_bap_ActivityAndCountryOfOncorporation" xml:lang="en-US">Activity and country of incorporation</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ActivityAndCountryOfOncorporation" xlink:to="lab_bap_ActivityAndCountryOfOncorporation" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ActivityAndCountryOfOncorporation" xml:lang="en-US">The type of business activity doing by company and the country in which the entity is incorporated.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CredicorpCapitalHoldingPerSAAndSubsidiariesMember" xlink:label="loc_bap_CredicorpCapitalHoldingPerSAAndSubsidiariesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CredicorpCapitalHoldingPerSAAndSubsidiariesMember" xml:lang="en-US">Credicorp Capital Holding Per SA and Subsidiaries [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_CredicorpCapitalHoldingPerSAAndSubsidiariesMember" xml:lang="en-US">Credicorp Capital Holding Per&#250; S.A. and Subsidiaries [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CredicorpCapitalHoldingPerSAAndSubsidiariesMember" xlink:to="lab_bap_CredicorpCapitalHoldingPerSAAndSubsidiariesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CredicorpCapitalChileMember" xlink:label="loc_bap_CredicorpCapitalChileMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CredicorpCapitalChileMember" xml:lang="en-US">Credicorp Capital Chile [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CredicorpCapitalChileMember" xlink:to="lab_bap_CredicorpCapitalChileMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CredicorpCapitalColombiaMember" xlink:label="loc_bap_CredicorpCapitalColombiaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CredicorpCapitalColombiaMember" xml:lang="en-US">Credicorp Capital Colombia [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CredicorpCapitalColombiaMember" xlink:to="lab_bap_CredicorpCapitalColombiaMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:label="loc_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xml:lang="en-US">Classes of property, plant and equipment [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:to="lab_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PropertyPlantAndEquipmentMember" xlink:label="loc_ifrs-full_PropertyPlantAndEquipmentMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentMember" xml:lang="en-US">Property, Plant and Equipment [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PropertyPlantAndEquipmentMember" xlink:to="lab_ifrs-full_PropertyPlantAndEquipmentMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BuildingsMember" xlink:label="loc_ifrs-full_BuildingsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_BuildingsMember" xml:lang="en-US">Buildings [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_BuildingsMember" xml:lang="en-US">Buildings and other constructions [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_BuildingsMember" xml:lang="en-US">Building</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/disclosureGuidance" xlink:label="lab_ifrs-full_BuildingsMember" xml:lang="en-US">Buildings depreciation [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BuildingsMember" xlink:to="lab_ifrs-full_BuildingsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_MachineryMember" xlink:label="loc_ifrs-full_MachineryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_MachineryMember" xml:lang="en-US">Machinery [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_MachineryMember" xml:lang="en-US">Installations [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MachineryMember" xlink:to="lab_ifrs-full_MachineryMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FixturesAndFittingsMember" xlink:label="loc_ifrs-full_FixturesAndFittingsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FixturesAndFittingsMember" xml:lang="en-US">Fixtures and fittings [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_FixturesAndFittingsMember" xml:lang="en-US">Furniture and fixtures [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FixturesAndFittingsMember" xlink:to="lab_ifrs-full_FixturesAndFittingsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_VehiclesMember" xlink:label="loc_ifrs-full_VehiclesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_VehiclesMember" xml:lang="en-US">Vehicles [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_VehiclesMember" xml:lang="en-US">Vehicles and equipment [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_VehiclesMember" xlink:to="lab_ifrs-full_VehiclesMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ComputerEquipmentMember" xlink:label="loc_ifrs-full_ComputerEquipmentMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ComputerEquipmentMember" xml:lang="en-US">Computer Equipment [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ComputerEquipmentMember" xml:lang="en-US">Computer hardware [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComputerEquipmentMember" xlink:to="lab_ifrs-full_ComputerEquipmentMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_UsefulLivesOrDepreciationRatesPropertyPlantAndEquipment" xlink:label="loc_ifrs-full_UsefulLivesOrDepreciationRatesPropertyPlantAndEquipment" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_UsefulLivesOrDepreciationRatesPropertyPlantAndEquipment" xml:lang="en-US">Useful lives or depreciation rates, property, plant and equipment</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UsefulLivesOrDepreciationRatesPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_UsefulLivesOrDepreciationRatesPropertyPlantAndEquipment" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfSignificantsAccountingPoliciesTable" xlink:label="loc_bap_DisclosureOfSignificantsAccountingPoliciesTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfSignificantsAccountingPoliciesTable" 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="lab_bap_DisclosureOfSignificantsAccountingPoliciesTable" xml:lang="en-US">Disclosure Of Significant Accounting Policies [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfSignificantsAccountingPoliciesTable" xlink:to="lab_bap_DisclosureOfSignificantsAccountingPoliciesTable" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:label="loc_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xml:lang="en-US">Classes of intangible assets other than goodwill [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:to="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwillMember" xlink:label="loc_ifrs-full_IntangibleAssetsOtherThanGoodwillMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IntangibleAssetsOtherThanGoodwillMember" xml:lang="en-US">Intangible assets other than goodwill [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IntangibleAssetsOtherThanGoodwillMember" xlink:to="lab_ifrs-full_IntangibleAssetsOtherThanGoodwillMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ClientRelationshipOneMember" xlink:label="loc_bap_ClientRelationshipOneMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ClientRelationshipOneMember" xml:lang="en-US">Client Relationship One [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_ClientRelationshipOneMember" xml:lang="en-US">Client relationship - Prima AFP (AFP Uni&#243;n Vida)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ClientRelationshipOneMember" xlink:to="lab_bap_ClientRelationshipOneMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ClientRelationshipTwoMember" xlink:label="loc_bap_ClientRelationshipTwoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ClientRelationshipTwoMember" xml:lang="en-US">Client Relationship Two [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_ClientRelationshipTwoMember" xml:lang="en-US">Client relationship &#8211; Credicorp Capital Holding Chile (Inversiones IMT)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ClientRelationshipTwoMember" xlink:to="lab_bap_ClientRelationshipTwoMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ClientRelationshipThreeMember" xlink:label="loc_bap_ClientRelationshipThreeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ClientRelationshipThreeMember" xml:lang="en-US">Client Relationship Three [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_ClientRelationshipThreeMember" xml:lang="en-US">Client relationship cash, fixed and variable income - Credicorp Capital Colombia</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ClientRelationshipThreeMember" xlink:to="lab_bap_ClientRelationshipThreeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ClientRelationshipFourMember" xlink:label="loc_bap_ClientRelationshipFourMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ClientRelationshipFourMember" xml:lang="en-US">Client Relationship Four [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_ClientRelationshipFourMember" xml:lang="en-US">Client relationship APT - Credicorp Capital Colombia</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ClientRelationshipFourMember" xlink:to="lab_bap_ClientRelationshipFourMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ClientRelationshipFiveMember" xlink:label="loc_bap_ClientRelationshipFiveMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ClientRelationshipFiveMember" xml:lang="en-US">Client Relationship Five [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_ClientRelationshipFiveMember" xml:lang="en-US">Client relationship - Edyficar Peru</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ClientRelationshipFiveMember" xlink:to="lab_bap_ClientRelationshipFiveMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ClientRelationshipSixMember" xlink:label="loc_bap_ClientRelationshipSixMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ClientRelationshipSixMember" xml:lang="en-US">Client Relationship Six [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_ClientRelationshipSixMember" xml:lang="en-US">Client relationship - Mibanco</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ClientRelationshipSixMember" xlink:to="lab_bap_ClientRelationshipSixMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BrandOneMember" xlink:label="loc_bap_BrandOneMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BrandOneMember" xml:lang="en-US">Brand One [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_BrandOneMember" xml:lang="en-US">Brand - Mibanco</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BrandOneMember" xlink:to="lab_bap_BrandOneMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BrandTwoMember" xlink:label="loc_bap_BrandTwoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BrandTwoMember" xml:lang="en-US">Brand Two [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_BrandTwoMember" xml:lang="en-US">Brand - Credicorp Capital Colombia</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BrandTwoMember" xlink:to="lab_bap_BrandTwoMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FundManagerContractOneMember" xlink:label="loc_bap_FundManagerContractOneMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FundManagerContractOneMember" 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="lab_bap_FundManagerContractOneMember" xml:lang="en-US">Fund manager contract - Credicorp Capital Colombia</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FundManagerContractOneMember" xlink:to="lab_bap_FundManagerContractOneMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FundManagerContractTwoMember" xlink:label="loc_bap_FundManagerContractTwoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FundManagerContractTwoMember" 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="lab_bap_FundManagerContractTwoMember" xml:lang="en-US">Fund manager contract - Credicorp Capital Holding Chile (Inversiones IMT)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FundManagerContractTwoMember" xlink:to="lab_bap_FundManagerContractTwoMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CoreDepositsMibancoMember" xlink:label="loc_bap_CoreDepositsMibancoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CoreDepositsMibancoMember" xml:lang="en-US">Core deposits Mibanco [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_CoreDepositsMibancoMember" xml:lang="en-US">Core deposits - Mibanco</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CoreDepositsMibancoMember" xlink:to="lab_bap_CoreDepositsMibancoMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherIntangibleAssetsMember" xlink:label="loc_ifrs-full_OtherIntangibleAssetsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_OtherIntangibleAssetsMember" xml:lang="en-US">Other Intangible Assets [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_OtherIntangibleAssetsMember" xml:lang="en-US">Others</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherIntangibleAssetsMember" xlink:to="lab_ifrs-full_OtherIntangibleAssetsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfSignificantsAccountingPoliciesLineItems" xlink:label="loc_bap_DisclosureOfSignificantsAccountingPoliciesLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfSignificantsAccountingPoliciesLineItems" xml:lang="en-US">Disclosure Of Significants Accounting Policies [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfSignificantsAccountingPoliciesLineItems" xlink:to="lab_bap_DisclosureOfSignificantsAccountingPoliciesLineItems" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_UsefulLivesOrAmortisationRatesIntangibleAssetsOtherThanGoodwill" xlink:label="loc_ifrs-full_UsefulLivesOrAmortisationRatesIntangibleAssetsOtherThanGoodwill" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_UsefulLivesOrAmortisationRatesIntangibleAssetsOtherThanGoodwill" xml:lang="en-US">Useful lives or amortisation rates, intangible assets other than goodwill</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UsefulLivesOrAmortisationRatesIntangibleAssetsOtherThanGoodwill" xlink:to="lab_ifrs-full_UsefulLivesOrAmortisationRatesIntangibleAssetsOtherThanGoodwill" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BancoDeCreditoDeBoliviaMember" xlink:label="loc_bap_BancoDeCreditoDeBoliviaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BancoDeCreditoDeBoliviaMember" xml:lang="en-US">Banco De Credito De Bolivia [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_BancoDeCreditoDeBoliviaMember" xml:lang="en-US">Banco de Credito de Bolivia [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BancoDeCreditoDeBoliviaMember" xlink:to="lab_bap_BancoDeCreditoDeBoliviaMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InvestmentPropertyMember" xlink:label="loc_ifrs-full_InvestmentPropertyMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_InvestmentPropertyMember" xml:lang="en-US">Investment property [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InvestmentPropertyMember" xlink:to="lab_ifrs-full_InvestmentPropertyMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" xlink:label="loc_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" xml:lang="en-US">Temporary difference, unused tax losses and unused tax credits [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" xlink:to="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsMember" xlink:label="loc_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsMember" xml:lang="en-US">Temporary difference, unused tax losses and unused tax credits [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsMember" xlink:to="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_UsefulLivesOrDepreciationRatesInvestmentPropertyCostModel" xlink:label="loc_ifrs-full_UsefulLivesOrDepreciationRatesInvestmentPropertyCostModel" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_UsefulLivesOrDepreciationRatesInvestmentPropertyCostModel" xml:lang="en-US">Useful lives or depreciation rates, investment property, cost model</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UsefulLivesOrDepreciationRatesInvestmentPropertyCostModel" xlink:to="lab_ifrs-full_UsefulLivesOrDepreciationRatesInvestmentPropertyCostModel" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdditionalAllowanceRecognisedInProfitOrLossAllowanceAccountForCreditLossesOfFinancialAssets" xlink:label="loc_ifrs-full_AdditionalAllowanceRecognisedInProfitOrLossAllowanceAccountForCreditLossesOfFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AdditionalAllowanceRecognisedInProfitOrLossAllowanceAccountForCreditLossesOfFinancialAssets" xml:lang="en-US">Additional allowance recognised in profit or loss, allowance account for credit losses of financial assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_AdditionalAllowanceRecognisedInProfitOrLossAllowanceAccountForCreditLossesOfFinancialAssets" xml:lang="en-US">Provision for loan losses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdditionalAllowanceRecognisedInProfitOrLossAllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="lab_ifrs-full_AdditionalAllowanceRecognisedInProfitOrLossAllowanceAccountForCreditLossesOfFinancialAssets" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_UnrealisedGainsLossesOnReclassifiedCashFlowHedgesNetOfTax" xlink:label="loc_bap_UnrealisedGainsLossesOnReclassifiedCashFlowHedgesNetOfTax" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_UnrealisedGainsLossesOnReclassifiedCashFlowHedgesNetOfTax" xml:lang="en-US">Unrealised Gains Losses On reclassified Cash Flow Hedges Net Of Tax</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_UnrealisedGainsLossesOnReclassifiedCashFlowHedgesNetOfTax" xlink:to="lab_bap_UnrealisedGainsLossesOnReclassifiedCashFlowHedgesNetOfTax" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_UnrealisedGainsLossesOnReclassifiedCashFlowHedgesNetOfTax" xml:lang="en-US">Amount represents unrealised gain losses reclassified to retain earnings</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RightofuseAssets" xlink:label="loc_ifrs-full_RightofuseAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_RightofuseAssets" xml:lang="en-US">Right-of-use assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RightofuseAssets" xlink:to="lab_ifrs-full_RightofuseAssets" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LeaseLiabilities" xlink:label="loc_ifrs-full_LeaseLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_LeaseLiabilities" xml:lang="en-US">Lease liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LeaseLiabilities" xlink:to="lab_ifrs-full_LeaseLiabilities" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DeferredChargesPrepayments" xlink:label="loc_bap_DeferredChargesPrepayments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DeferredChargesPrepayments" xml:lang="en-US">Deferred charges prepayments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DeferredChargesPrepayments" xlink:to="lab_bap_DeferredChargesPrepayments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DeferredChargesPrepayments" xml:lang="en-US">It represents of deferred charges prepayments</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CashAndDepositsWithBanksMember" xlink:label="loc_bap_CashAndDepositsWithBanksMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CashAndDepositsWithBanksMember" xml:lang="en-US">cash and deposits with banks [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CashAndDepositsWithBanksMember" xlink:to="lab_bap_CashAndDepositsWithBanksMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashAndBankBalancesAtCentralBanks" xlink:label="loc_ifrs-full_CashAndBankBalancesAtCentralBanks" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CashAndBankBalancesAtCentralBanks" 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="lab_ifrs-full_CashAndBankBalancesAtCentralBanks" xml:lang="en-US">Deposits with Central Reserve Bank of Peru - BCRP</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashAndBankBalancesAtCentralBanks" xlink:to="lab_ifrs-full_CashAndBankBalancesAtCentralBanks" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DepositsWithBanks" xlink:label="loc_bap_DepositsWithBanks" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DepositsWithBanks" xml:lang="en-US">Deposits with banks</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_DepositsWithBanks" xml:lang="en-US">Deposits with local and foreign banks</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DepositsWithBanks" xlink:to="lab_bap_DepositsWithBanks" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DepositsWithBanks" xml:lang="en-US">The carrying amount of deposits with other banks including foreign banks.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentInterestReceivable" xlink:label="loc_ifrs-full_CurrentInterestReceivable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CurrentInterestReceivable" xml:lang="en-US">Current interest receivable</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_CurrentInterestReceivable" xml:lang="en-US">Accrued interest</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentInterestReceivable" xlink:to="lab_ifrs-full_CurrentInterestReceivable" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RestrictedCashAndCashEquivalents" xlink:label="loc_ifrs-full_RestrictedCashAndCashEquivalents" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_RestrictedCashAndCashEquivalents" 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="lab_ifrs-full_RestrictedCashAndCashEquivalents" xml:lang="en-US">Restricted funds</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RestrictedCashAndCashEquivalents" xlink:to="lab_ifrs-full_RestrictedCashAndCashEquivalents" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MandatoryReservesAbstract" xlink:label="loc_bap_MandatoryReservesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MandatoryReservesAbstract" xml:lang="en-US">Mandatory reserves [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_MandatoryReservesAbstract" xml:lang="en-US">Legal cash requirements</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MandatoryReservesAbstract" xlink:to="lab_bap_MandatoryReservesAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MandatoryDepositReserveAtCentralBank" xlink:label="loc_bap_MandatoryDepositReserveAtCentralBank" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MandatoryDepositReserveAtCentralBank" xml:lang="en-US">Mandatory deposit reserve at central bank</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_MandatoryDepositReserveAtCentralBank" xml:lang="en-US">Deposits with Central Reserve Bank of Peru</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MandatoryDepositReserveAtCentralBank" xlink:to="lab_bap_MandatoryDepositReserveAtCentralBank" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_MandatoryDepositReserveAtCentralBank" xml:lang="en-US">The amount of mandatory reserve that is kept in deposit at a central bank.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherMandatoryReserveDepositsAtCentralBanks" xlink:label="loc_bap_OtherMandatoryReserveDepositsAtCentralBanks" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherMandatoryReserveDepositsAtCentralBanks" 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="lab_bap_OtherMandatoryReserveDepositsAtCentralBanks" xml:lang="en-US">Cash in vaults of Bank</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherMandatoryReserveDepositsAtCentralBanks" xlink:to="lab_bap_OtherMandatoryReserveDepositsAtCentralBanks" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_OtherMandatoryReserveDepositsAtCentralBanks" xml:lang="en-US">The amount of mandatory reserve that is kept in deposit at a central bankclassified as other.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_MandatoryReserveDepositsAtCentralBanks" xlink:label="loc_ifrs-full_MandatoryReserveDepositsAtCentralBanks" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_MandatoryReserveDepositsAtCentralBanks" 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="lab_ifrs-full_MandatoryReserveDepositsAtCentralBanks" xml:lang="en-US">Total legal cash requirements</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MandatoryReserveDepositsAtCentralBanks" xlink:to="lab_ifrs-full_MandatoryReserveDepositsAtCentralBanks" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_NonMandatoryReservesAbstract" xlink:label="loc_bap_NonMandatoryReservesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_NonMandatoryReservesAbstract" xml:lang="en-US">Non mandatory reserves [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_NonMandatoryReservesAbstract" xml:lang="en-US">Additional funds</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_NonMandatoryReservesAbstract" xlink:to="lab_bap_NonMandatoryReservesAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OvernightDeposits" xlink:label="loc_bap_OvernightDeposits" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OvernightDeposits" xml:lang="en-US">Overnight deposits</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OvernightDeposits" xlink:to="lab_bap_OvernightDeposits" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_OvernightDeposits" xml:lang="en-US">The carrying amount of overnight deposits as on the date.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherNonMandatoryReserveDepositsAtCentralBanks" xlink:label="loc_bap_OtherNonMandatoryReserveDepositsAtCentralBanks" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherNonMandatoryReserveDepositsAtCentralBanks" 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="lab_bap_OtherNonMandatoryReserveDepositsAtCentralBanks" xml:lang="en-US">Cash in vaults of Bank and others</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherNonMandatoryReserveDepositsAtCentralBanks" xlink:to="lab_bap_OtherNonMandatoryReserveDepositsAtCentralBanks" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_OtherNonMandatoryReserveDepositsAtCentralBanks" xml:lang="en-US">The amount of non mandatory reserve that is kept in deposit at a central bankclassified as other.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BankBalancesAtCentralBanksOtherThanMandatoryReserveDeposits" xlink:label="loc_ifrs-full_BankBalancesAtCentralBanksOtherThanMandatoryReserveDeposits" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_BankBalancesAtCentralBanksOtherThanMandatoryReserveDeposits" 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="lab_ifrs-full_BankBalancesAtCentralBanksOtherThanMandatoryReserveDeposits" xml:lang="en-US">Total additional funds</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BankBalancesAtCentralBanksOtherThanMandatoryReserveDeposits" xlink:to="lab_ifrs-full_BankBalancesAtCentralBanksOtherThanMandatoryReserveDeposits" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TotalReserveDepositsAtCentralBanks" xlink:label="loc_bap_TotalReserveDepositsAtCentralBanks" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TotalReserveDepositsAtCentralBanks" 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="lab_bap_TotalReserveDepositsAtCentralBanks" xml:lang="en-US">Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TotalReserveDepositsAtCentralBanks" xlink:to="lab_bap_TotalReserveDepositsAtCentralBanks" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_TotalReserveDepositsAtCentralBanks" xml:lang="en-US">The amount of total reserve deposits at central banks including mandatory and non mandatory deposits.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfCashAndCashEquivalentsTable" xlink:label="loc_bap_DisclosureOfCashAndCashEquivalentsTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfCashAndCashEquivalentsTable" xml:lang="en-US">Disclosure Of Cash And Cash Equivalents [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfCashAndCashEquivalentsTable" xlink:to="lab_bap_DisclosureOfCashAndCashEquivalentsTable" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfCashAndCashEquivalentsLineItems" xlink:label="loc_bap_DisclosureOfCashAndCashEquivalentsLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfCashAndCashEquivalentsLineItems" xml:lang="en-US">Disclosure Of Cash And Cash Equivalents [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfCashAndCashEquivalentsLineItems" xlink:to="lab_bap_DisclosureOfCashAndCashEquivalentsLineItems" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ImplicitInterestRateDomestic" xlink:label="loc_bap_ImplicitInterestRateDomestic" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ImplicitInterestRateDomestic" xml:lang="en-US">Implicit interest rate, domestic</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ImplicitInterestRateDomestic" xlink:to="lab_bap_ImplicitInterestRateDomestic" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ImplicitInterestRateDomestic" xml:lang="en-US">The implicit rate of interest on the mandatory reserve deposits made in domestic currency.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ImplicitInterestRateForeign" xlink:label="loc_bap_ImplicitInterestRateForeign" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ImplicitInterestRateForeign" xml:lang="en-US">Implicit interest rate, foreign</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ImplicitInterestRateForeign" xlink:to="lab_bap_ImplicitInterestRateForeign" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ImplicitInterestRateForeign" xml:lang="en-US">The implicit rate of interest on the mandatory reserve deposits made in foreign currency.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OvernightDepositOne" xlink:label="loc_bap_OvernightDepositOne" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OvernightDepositOne" xml:lang="en-US">Overnight deposit one</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OvernightDepositOne" xlink:to="lab_bap_OvernightDepositOne" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_OvernightDepositOne" xml:lang="en-US">The carrying amount of overnight deposit one as on the date.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OvernightDepositTwo" xlink:label="loc_bap_OvernightDepositTwo" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OvernightDepositTwo" xml:lang="en-US">Overnight deposit two</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OvernightDepositTwo" xlink:to="lab_bap_OvernightDepositTwo" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_OvernightDepositTwo" xml:lang="en-US">The carrying amount of overnight deposit two as on the date.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InterestRateOnOvernightDeposits" xlink:label="loc_bap_InterestRateOnOvernightDeposits" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InterestRateOnOvernightDeposits" xml:lang="en-US">Interest rate on overnight deposits</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InterestRateOnOvernightDeposits" xlink:to="lab_bap_InterestRateOnOvernightDeposits" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_InterestRateOnOvernightDeposits" xml:lang="en-US">The rate of interest derived from overnight deposits.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DescriptionOfMaturityOfOvernightDeposits" xlink:label="loc_bap_DescriptionOfMaturityOfOvernightDeposits" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DescriptionOfMaturityOfOvernightDeposits" xml:lang="en-US">Description of maturity of overnight deposits</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DescriptionOfMaturityOfOvernightDeposits" xlink:to="lab_bap_DescriptionOfMaturityOfOvernightDeposits" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DescriptionOfMaturityOfOvernightDeposits" xml:lang="en-US">The description of maturity of overnight deposits.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ClassesOfCurrenciesAxis" xlink:label="loc_bap_ClassesOfCurrenciesAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ClassesOfCurrenciesAxis" xml:lang="en-US">Classes Of Currencies [Axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_ClassesOfCurrenciesAxis" xml:lang="en-US">Currencies [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ClassesOfCurrenciesAxis" xlink:to="lab_bap_ClassesOfCurrenciesAxis" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ClassesOfCurrenciesDomain" xlink:label="loc_bap_ClassesOfCurrenciesDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ClassesOfCurrenciesDomain" xml:lang="en-US">Classes Of Currencies [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_ClassesOfCurrenciesDomain" xml:lang="en-US">Currencies [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ClassesOfCurrenciesDomain" xlink:to="lab_bap_ClassesOfCurrenciesDomain" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_UsDollarsMember" xlink:label="loc_bap_UsDollarsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_UsDollarsMember" xml:lang="en-US">US Dollars [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_UsDollarsMember" xml:lang="en-US">US Dollar [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_UsDollarsMember" xlink:to="lab_bap_UsDollarsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsTable" xlink:label="loc_bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsTable" xml:lang="en-US">Disclosure of Cash Collateral, Reverse Repurchase Agreements And Securities Borrowings And Payables From Repurchase Agreements And Security Lendings [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsTable" xlink:to="lab_bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsTable" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_TransactionTypeAxis" xlink:label="loc_us-gaap_TransactionTypeAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_TransactionTypeAxis" xml:lang="en-US">Transaction Type [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TransactionTypeAxis" xlink:to="lab_us-gaap_TransactionTypeAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_TransactionDomain" xlink:label="loc_us-gaap_TransactionDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_TransactionDomain" xml:lang="en-US">Transaction [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TransactionDomain" xlink:to="lab_us-gaap_TransactionDomain" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ReceivablesForShortSalesMember" xlink:label="loc_bap_ReceivablesForShortSalesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ReceivablesForShortSalesMember" xml:lang="en-US">Receivables for short sales [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_ReceivablesForShortSalesMember" xml:lang="en-US">Receivables for short sales [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ReceivablesForShortSalesMember" xlink:to="lab_bap_ReceivablesForShortSalesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CashCollateralOnRepurchaseAgreementsAndSecurityLendingsMember" xlink:label="loc_bap_CashCollateralOnRepurchaseAgreementsAndSecurityLendingsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CashCollateralOnRepurchaseAgreementsAndSecurityLendingsMember" 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/verboseLabel" xlink:label="lab_bap_CashCollateralOnRepurchaseAgreementsAndSecurityLendingsMember" xml:lang="en-US">Cash collateral on repurchase agreements and security lendings [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CashCollateralOnRepurchaseAgreementsAndSecurityLendingsMember" xlink:to="lab_bap_CashCollateralOnRepurchaseAgreementsAndSecurityLendingsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CashCollateralForShortSalesMember" xlink:label="loc_bap_CashCollateralForShortSalesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CashCollateralForShortSalesMember" xml:lang="en-US">Cash collateral for short sales [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_CashCollateralForShortSalesMember" xml:lang="en-US">Cash collateral for short sales [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CashCollateralForShortSalesMember" xlink:to="lab_bap_CashCollateralForShortSalesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ReverseRepurchaseAgreementAndSecurityBorrowingsMember" xlink:label="loc_bap_ReverseRepurchaseAgreementAndSecurityBorrowingsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ReverseRepurchaseAgreementAndSecurityBorrowingsMember" xml:lang="en-US">Reverse repurchase agreement and security borrowings [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_ReverseRepurchaseAgreementAndSecurityBorrowingsMember" xml:lang="en-US">Reverse repurchase agreement and security borrowings [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ReverseRepurchaseAgreementAndSecurityBorrowingsMember" xlink:to="lab_bap_ReverseRepurchaseAgreementAndSecurityBorrowingsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsLineItems" xlink:label="loc_bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsLineItems" 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>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsLineItems" xlink:to="lab_bap_DisclosureOfCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsAndPayablesFromRepurchaseAgreementsAndSecurityLendingsLineItems" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_MaturityAxis" xlink:label="loc_ifrs-full_MaturityAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_MaturityAxis" xml:lang="en-US">Maturity [axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_MaturityAxis" xml:lang="en-US">Maturity [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MaturityAxis" xlink:to="lab_ifrs-full_MaturityAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AggregatedTimeBandsMember" xlink:label="loc_ifrs-full_AggregatedTimeBandsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AggregatedTimeBandsMember" xml:lang="en-US">Aggregated time bands [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_AggregatedTimeBandsMember" xml:lang="en-US">Aggregated time bands [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AggregatedTimeBandsMember" xlink:to="lab_ifrs-full_AggregatedTimeBandsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_NotLaterThanThreeDaysMember" xlink:label="loc_bap_NotLaterThanThreeDaysMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_NotLaterThanThreeDaysMember" xml:lang="en-US">Not later than three days [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_NotLaterThanThreeDaysMember" xlink:to="lab_bap_NotLaterThanThreeDaysMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_LaterThanThreeAndNotLaterThanThirtyDaysMember" xlink:label="loc_bap_LaterThanThreeAndNotLaterThanThirtyDaysMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_LaterThanThreeAndNotLaterThanThirtyDaysMember" xml:lang="en-US">Later than three and not later than thirty days [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_LaterThanThreeAndNotLaterThanThirtyDaysMember" xlink:to="lab_bap_LaterThanThreeAndNotLaterThanThirtyDaysMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_LaterThanThirtyDaysMember" xlink:label="loc_bap_LaterThanThirtyDaysMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_LaterThanThirtyDaysMember" xml:lang="en-US">Later than thirty days [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_LaterThanThirtyDaysMember" xlink:to="lab_bap_LaterThanThirtyDaysMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassesOfFinancialAssetsAxis" xlink:label="loc_ifrs-full_ClassesOfFinancialAssetsAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ClassesOfFinancialAssetsAxis" xml:lang="en-US">Classes of financial assets [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialAssetsAxis" xlink:to="lab_ifrs-full_ClassesOfFinancialAssetsAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsMember" xlink:label="loc_ifrs-full_FinancialAssetsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialAssetsMember" xml:lang="en-US">Financial assets, class [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsMember" xlink:to="lab_ifrs-full_FinancialAssetsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InstrumentsIssuedByColombianGovernmentMember" xlink:label="loc_bap_InstrumentsIssuedByColombianGovernmentMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InstrumentsIssuedByColombianGovernmentMember" xml:lang="en-US">Instruments issued by the Colombian Government [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InstrumentsIssuedByColombianGovernmentMember" xlink:to="lab_bap_InstrumentsIssuedByColombianGovernmentMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InstrumentsIssuedByChileanGovernmentMember" xlink:label="loc_bap_InstrumentsIssuedByChileanGovernmentMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InstrumentsIssuedByChileanGovernmentMember" xml:lang="en-US">Instruments issued by the Chilean Government [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InstrumentsIssuedByChileanGovernmentMember" xlink:to="lab_bap_InstrumentsIssuedByChileanGovernmentMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherInstrumentsMember" xlink:label="loc_bap_OtherInstrumentsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherInstrumentsMember" xml:lang="en-US">Other instruments [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherInstrumentsMember" xlink:to="lab_bap_OtherInstrumentsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfPresentationCurrency" xlink:label="loc_ifrs-full_DescriptionOfPresentationCurrency" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DescriptionOfPresentationCurrency" xml:lang="en-US">Description of presentation currency</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfPresentationCurrency" xlink:to="lab_ifrs-full_DescriptionOfPresentationCurrency" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedInterestRate" xlink:label="loc_bap_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedInterestRate" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedInterestRate" xml:lang="en-US">Reverse repurchase agreements and cash collateral on securities borrowed, interest rate</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedInterestRate" xlink:to="lab_bap_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedInterestRate" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedInterestRate" xml:lang="en-US">The rate of interest on Reverse repurchase agreements and cash collateral on securities borrowed.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsAtFairValue" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValue" xml:lang="en-US">Financial assets, at fair value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValue" xlink:to="lab_ifrs-full_FinancialAssetsAtFairValue" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:label="loc_ifrs-full_ClassesOfFinancialLiabilitiesAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ClassesOfFinancialLiabilitiesAxis" xml:lang="en-US">Classes of financial liabilities [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:to="lab_ifrs-full_ClassesOfFinancialLiabilitiesAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialLiabilitiesMember" xlink:label="loc_ifrs-full_FinancialLiabilitiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialLiabilitiesMember" xml:lang="en-US">Financial liabilities, class [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilitiesMember" xlink:to="lab_ifrs-full_FinancialLiabilitiesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DebtInstrumentsMember" xlink:label="loc_bap_DebtInstrumentsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DebtInstrumentsMember" xml:lang="en-US">Debt instruments [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DebtInstrumentsMember" xlink:to="lab_bap_DebtInstrumentsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:label="loc_ifrs-full_ClassesOfFinancialInstrumentsAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis" xml:lang="en-US">Classes of financial instruments [axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis" xml:lang="en-US">Classes of financial instruments [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:to="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassesOfFinancialInstrumentsMember" xlink:label="loc_ifrs-full_ClassesOfFinancialInstrumentsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ClassesOfFinancialInstrumentsMember" xml:lang="en-US">Financial instruments, class [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ClassesOfFinancialInstrumentsMember" xml:lang="en-US">Financial instruments, class [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialInstrumentsMember" xlink:to="lab_ifrs-full_ClassesOfFinancialInstrumentsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PayablesFromRepurchaseAgreementsAndSecurityLendingsMember" xlink:label="loc_bap_PayablesFromRepurchaseAgreementsAndSecurityLendingsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PayablesFromRepurchaseAgreementsAndSecurityLendingsMember" 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/verboseLabel" xlink:label="lab_bap_PayablesFromRepurchaseAgreementsAndSecurityLendingsMember" xml:lang="en-US">Payables from repurchase agreements and security lending [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PayablesFromRepurchaseAgreementsAndSecurityLendingsMember" xlink:to="lab_bap_PayablesFromRepurchaseAgreementsAndSecurityLendingsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BorrowingsInterestRate" xlink:label="loc_ifrs-full_BorrowingsInterestRate" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_BorrowingsInterestRate" xml:lang="en-US">Borrowings, interest rate</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BorrowingsInterestRate" xlink:to="lab_ifrs-full_BorrowingsInterestRate" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialLiabilitiesAtFairValue" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValue" xml:lang="en-US">Financial liabilities, at fair value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:to="lab_ifrs-full_FinancialLiabilitiesAtFairValue" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CounterpartiesAxis" xlink:label="loc_ifrs-full_CounterpartiesAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CounterpartiesAxis" xml:lang="en-US">Counterparties [axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_CounterpartiesAxis" xml:lang="en-US">Counter parties [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CounterpartiesAxis" xlink:to="lab_ifrs-full_CounterpartiesAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CounterpartiesMember" xlink:label="loc_ifrs-full_CounterpartiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CounterpartiesMember" xml:lang="en-US">Counterparties [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_CounterpartiesMember" xml:lang="en-US">Counter parties [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CounterpartiesMember" xlink:to="lab_ifrs-full_CounterpartiesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BcrpOneMember" xlink:label="loc_bap_BcrpOneMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BcrpOneMember" xml:lang="en-US">BCRP one [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BcrpOneMember" xlink:to="lab_bap_BcrpOneMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BcrpTwoMember" xlink:label="loc_bap_BcrpTwoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BcrpTwoMember" xml:lang="en-US">BCRP two [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BcrpTwoMember" xlink:to="lab_bap_BcrpTwoMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_NatixisSaOneMember" xlink:label="loc_bap_NatixisSaOneMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_NatixisSaOneMember" xml:lang="en-US">Natixis SA one [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_NatixisSaOneMember" xlink:to="lab_bap_NatixisSaOneMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_NomuraInternationalPlcOneMember" xlink:label="loc_bap_NomuraInternationalPlcOneMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_NomuraInternationalPlcOneMember" xml:lang="en-US">Nomura International PLC one [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_NomuraInternationalPlcOneMember" xlink:to="lab_bap_NomuraInternationalPlcOneMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_NomuraInternationalPlcTwoMember" xlink:label="loc_bap_NomuraInternationalPlcTwoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_NomuraInternationalPlcTwoMember" xml:lang="en-US">Nomura International PLC two [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_NomuraInternationalPlcTwoMember" xlink:to="lab_bap_NomuraInternationalPlcTwoMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_NomuraInternationalPlcThreeMember" xlink:label="loc_bap_NomuraInternationalPlcThreeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_NomuraInternationalPlcThreeMember" xml:lang="en-US">Nomura International PLC three [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_NomuraInternationalPlcThreeMember" xlink:to="lab_bap_NomuraInternationalPlcThreeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CitigroupGlobalMarketsLimitedOneMember" xlink:label="loc_bap_CitigroupGlobalMarketsLimitedOneMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CitigroupGlobalMarketsLimitedOneMember" xml:lang="en-US">Citigroup Global Markets Limited one [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CitigroupGlobalMarketsLimitedOneMember" xlink:to="lab_bap_CitigroupGlobalMarketsLimitedOneMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CitigroupGlobalMarketsLimitedTwoMember" xlink:label="loc_bap_CitigroupGlobalMarketsLimitedTwoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CitigroupGlobalMarketsLimitedTwoMember" xml:lang="en-US">Citigroup Global Markets Limited two [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CitigroupGlobalMarketsLimitedTwoMember" xlink:to="lab_bap_CitigroupGlobalMarketsLimitedTwoMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_UbsMember" xlink:label="loc_bap_UbsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_UbsMember" xml:lang="en-US">UBS [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_UbsMember" xlink:to="lab_bap_UbsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OthersMember" xlink:label="loc_bap_OthersMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OthersMember" xml:lang="en-US">Others [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OthersMember" xlink:to="lab_bap_OthersMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_NatixisSaFiveMember" xlink:label="loc_bap_NatixisSaFiveMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_NatixisSaFiveMember" xml:lang="en-US">Natixis S.A Five [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_NatixisSaFiveMember" xlink:to="lab_bap_NatixisSaFiveMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_NatixisMember" xlink:label="loc_bap_NatixisMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_NatixisMember" xml:lang="en-US">Natixis [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_NatixisMember" xlink:to="lab_bap_NatixisMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BancoEconomicsSAMember" xlink:label="loc_bap_BancoEconomicsSAMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BancoEconomicsSAMember" xml:lang="en-US">Banco Economics SA [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BancoEconomicsSAMember" xlink:to="lab_bap_BancoEconomicsSAMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BancoDeLeRepublicaMember" xlink:label="loc_bap_BancoDeLeRepublicaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BancoDeLeRepublicaMember" xml:lang="en-US">Banco De Le Republica [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BancoDeLeRepublicaMember" xlink:to="lab_bap_BancoDeLeRepublicaMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AccruedInterestMember" xlink:label="loc_bap_AccruedInterestMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AccruedInterestMember" xml:lang="en-US">Accrued Interest [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AccruedInterestMember" xlink:to="lab_bap_AccruedInterestMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BorrowingsMaturity" xlink:label="loc_ifrs-full_BorrowingsMaturity" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_BorrowingsMaturity" xml:lang="en-US">Borrowings, maturity</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BorrowingsMaturity" xlink:to="lab_ifrs-full_BorrowingsMaturity" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfCollateralHeldAsSecurityAndOtherCreditEnhancements2014" xlink:label="loc_ifrs-full_DescriptionOfCollateralHeldAsSecurityAndOtherCreditEnhancements2014" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DescriptionOfCollateralHeldAsSecurityAndOtherCreditEnhancements2014" xml:lang="en-US">Description of collateral held as security and other credit enhancements</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfCollateralHeldAsSecurityAndOtherCreditEnhancements2014" xlink:to="lab_ifrs-full_DescriptionOfCollateralHeldAsSecurityAndOtherCreditEnhancements2014" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TypesOfHedgesAxis" xlink:label="loc_ifrs-full_TypesOfHedgesAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_TypesOfHedgesAxis" xml:lang="en-US">Types of hedges [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfHedgesAxis" xlink:to="lab_ifrs-full_TypesOfHedgesAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TypesOfHedgesMember" xlink:label="loc_ifrs-full_TypesOfHedgesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_TypesOfHedgesMember" xml:lang="en-US">Hedges [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfHedgesMember" xlink:to="lab_ifrs-full_TypesOfHedgesMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashFlowHedgesMember" xlink:label="loc_ifrs-full_CashFlowHedgesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CashFlowHedgesMember" xml:lang="en-US">Cash flow hedges [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowHedgesMember" xlink:to="lab_ifrs-full_CashFlowHedgesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InterestRateSwapContractSevenMember" xlink:label="loc_bap_InterestRateSwapContractSevenMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InterestRateSwapContractSevenMember" xml:lang="en-US">Interest rate swap contract seven [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InterestRateSwapContractSevenMember" xlink:to="lab_bap_InterestRateSwapContractSevenMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CrossCurrencySwapContractOneMember" xlink:label="loc_bap_CrossCurrencySwapContractOneMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CrossCurrencySwapContractOneMember" xml:lang="en-US">Cross currency swap contract one [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CrossCurrencySwapContractOneMember" xlink:to="lab_bap_CrossCurrencySwapContractOneMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CrossCurrencySwapContractTwoMember" xlink:label="loc_bap_CrossCurrencySwapContractTwoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CrossCurrencySwapContractTwoMember" xml:lang="en-US">Cross currency swap contract two [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CrossCurrencySwapContractTwoMember" xlink:to="lab_bap_CrossCurrencySwapContractTwoMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CrossCurrencySwapContractThreeMember" xlink:label="loc_bap_CrossCurrencySwapContractThreeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CrossCurrencySwapContractThreeMember" xml:lang="en-US">Cross currency swap contract three [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CrossCurrencySwapContractThreeMember" xlink:to="lab_bap_CrossCurrencySwapContractThreeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CrossCurrencySwapAndInterestRateSwapContractMember" xlink:label="loc_bap_CrossCurrencySwapAndInterestRateSwapContractMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CrossCurrencySwapAndInterestRateSwapContractMember" xml:lang="en-US">Cross currency swap and interest rate swap contract [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CrossCurrencySwapAndInterestRateSwapContractMember" xlink:to="lab_bap_CrossCurrencySwapAndInterestRateSwapContractMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InvestmentTypeAxis" xlink:label="loc_us-gaap_InvestmentTypeAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_InvestmentTypeAxis" xml:lang="en-US">Investment Type [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InvestmentTypeAxis" xlink:to="lab_us-gaap_InvestmentTypeAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_InvestmentTypeCategorizationMember" xml:lang="en-US">Investments [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember" xlink:to="lab_us-gaap_InvestmentTypeCategorizationMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RepurchaseAgreementsMember" xlink:label="loc_us-gaap_RepurchaseAgreementsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_RepurchaseAgreementsMember" xml:lang="en-US">Repurchase Agreements [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RepurchaseAgreementsMember" xlink:to="lab_us-gaap_RepurchaseAgreementsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProductsAndServicesAxis" xlink:label="loc_ifrs-full_ProductsAndServicesAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ProductsAndServicesAxis" xml:lang="en-US">Products and services [axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ProductsAndServicesAxis" xml:lang="en-US">Products and services [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProductsAndServicesAxis" xlink:to="lab_ifrs-full_ProductsAndServicesAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProductsAndServicesMember" xlink:label="loc_ifrs-full_ProductsAndServicesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ProductsAndServicesMember" xml:lang="en-US">Products and services [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ProductsAndServicesMember" xml:lang="en-US">Products and services [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProductsAndServicesMember" xlink:to="lab_ifrs-full_ProductsAndServicesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CentralReserveBankOfPeruMember" xlink:label="loc_bap_CentralReserveBankOfPeruMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CentralReserveBankOfPeruMember" xml:lang="en-US">Central Reserve Bank of Peru [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CentralReserveBankOfPeruMember" xlink:to="lab_bap_CentralReserveBankOfPeruMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_Borrowings" xlink:label="loc_ifrs-full_Borrowings" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_Borrowings" xml:lang="en-US">Borrowings</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Borrowings" xlink:to="lab_ifrs-full_Borrowings" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BorrowingsInterestRateBasis" xlink:label="loc_ifrs-full_BorrowingsInterestRateBasis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_BorrowingsInterestRateBasis" xml:lang="en-US">Borrowings, interest rate basis</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BorrowingsInterestRateBasis" xlink:to="lab_ifrs-full_BorrowingsInterestRateBasis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CreditDerivativeNominalAmount" xlink:label="loc_ifrs-full_CreditDerivativeNominalAmount" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CreditDerivativeNominalAmount" xml:lang="en-US">Credit derivative, nominal amount</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_CreditDerivativeNominalAmount" xml:lang="en-US">Nominal amount</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CreditDerivativeNominalAmount" xlink:to="lab_ifrs-full_CreditDerivativeNominalAmount" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfInvestmentsTable" xlink:label="loc_bap_DisclosureOfInvestmentsTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfInvestmentsTable" xml:lang="en-US">Disclosure of Investments [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfInvestmentsTable" xlink:to="lab_bap_DisclosureOfInvestmentsTable" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_GovernmentTreasuryBondsMember" xlink:label="loc_bap_GovernmentTreasuryBondsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_GovernmentTreasuryBondsMember" xml:lang="en-US">Government Treasury Bonds [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_GovernmentTreasuryBondsMember" xlink:to="lab_bap_GovernmentTreasuryBondsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ParticipationInRalFundMember" xlink:label="loc_bap_ParticipationInRalFundMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ParticipationInRalFundMember" xml:lang="en-US">Participation in RAL Fund [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ParticipationInRalFundMember" xlink:to="lab_bap_ParticipationInRalFundMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_RestrictedMutualFundsMember" xlink:label="loc_bap_RestrictedMutualFundsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_RestrictedMutualFundsMember" xml:lang="en-US">Restricted mutual funds [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_RestrictedMutualFundsMember" xlink:to="lab_bap_RestrictedMutualFundsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InvestmentFundsMember" xlink:label="loc_ifrs-full_InvestmentFundsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_InvestmentFundsMember" xml:lang="en-US">Investment funds [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_InvestmentFundsMember" xml:lang="en-US">Held-for-trading and available-for-sale investments [Member ]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InvestmentFundsMember" xlink:to="lab_ifrs-full_InvestmentFundsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ParticipationInMutualFundsMember" xlink:label="loc_bap_ParticipationInMutualFundsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ParticipationInMutualFundsMember" xml:lang="en-US">Participation in mutual funds [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ParticipationInMutualFundsMember" xlink:to="lab_bap_ParticipationInMutualFundsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MultilateralOrganizationBondsMember" xlink:label="loc_bap_MultilateralOrganizationBondsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MultilateralOrganizationBondsMember" xml:lang="en-US">Multilateral organization bonds [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MultilateralOrganizationBondsMember" xlink:to="lab_bap_MultilateralOrganizationBondsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CorporateAndLeasingBondsMember" xlink:label="loc_bap_CorporateAndLeasingBondsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CorporateAndLeasingBondsMember" xml:lang="en-US">Corporate and leasing bonds [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CorporateAndLeasingBondsMember" xlink:to="lab_bap_CorporateAndLeasingBondsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ListedSharesMember" xlink:label="loc_bap_ListedSharesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ListedSharesMember" xml:lang="en-US">Listed shares [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ListedSharesMember" xlink:to="lab_bap_ListedSharesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_HedgeFundMember" xlink:label="loc_bap_HedgeFundMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_HedgeFundMember" xml:lang="en-US">Hedge fund [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_HedgeFundMember" xml:lang="en-US">Hedge funds [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_HedgeFundMember" xml:lang="en-US">Hedge funds [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_HedgeFundMember" xlink:to="lab_bap_HedgeFundMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_NegotiableCertificatesOfDepositMember" xlink:label="loc_bap_NegotiableCertificatesOfDepositMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_NegotiableCertificatesOfDepositMember" xml:lang="en-US">Negotiable certificates of deposit [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_NegotiableCertificatesOfDepositMember" xlink:to="lab_bap_NegotiableCertificatesOfDepositMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CertificatesOfDepositBcrpMember" xlink:label="loc_bap_CertificatesOfDepositBcrpMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CertificatesOfDepositBcrpMember" xml:lang="en-US">Certificates of deposit BCRP [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CertificatesOfDepositBcrpMember" xlink:to="lab_bap_CertificatesOfDepositBcrpMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InterestAccruedOnInvestmentsMember" xlink:label="loc_bap_InterestAccruedOnInvestmentsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InterestAccruedOnInvestmentsMember" xml:lang="en-US">Interest accrued on investments [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_InterestAccruedOnInvestmentsMember" xml:lang="en-US">Accrued interest</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InterestAccruedOnInvestmentsMember" xlink:to="lab_bap_InterestAccruedOnInvestmentsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfInvestmentsLineItems" xlink:label="loc_bap_DisclosureOfInvestmentsLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfInvestmentsLineItems" xml:lang="en-US">Disclosure of Investments [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfInvestmentsLineItems" xlink:to="lab_bap_DisclosureOfInvestmentsLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfInvestmentsLineItems" xml:lang="en-US">The disclosure of investments.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:label="loc_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss" xml:lang="en-US">Non-current financial assets at fair value through profit or loss</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:to="lab_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SharesListedMember" xlink:label="loc_bap_SharesListedMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SharesListedMember" xml:lang="en-US">Shares listed [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SharesListedMember" xlink:to="lab_bap_SharesListedMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SharesNonListedMember" xlink:label="loc_bap_SharesNonListedMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SharesNonListedMember" xml:lang="en-US">Shares non listed [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SharesNonListedMember" xlink:to="lab_bap_SharesNonListedMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CorporateLeasingAndSubordinatedBondsMember" xlink:label="loc_bap_CorporateLeasingAndSubordinatedBondsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CorporateLeasingAndSubordinatedBondsMember" xml:lang="en-US">Corporate, leasing and subordinated bonds [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CorporateLeasingAndSubordinatedBondsMember" xlink:to="lab_bap_CorporateLeasingAndSubordinatedBondsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SecuritizationInstrumentsMember" xlink:label="loc_bap_SecuritizationInstrumentsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SecuritizationInstrumentsMember" xml:lang="en-US">Securitization instruments [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SecuritizationInstrumentsMember" xlink:to="lab_bap_SecuritizationInstrumentsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CertificatesOfBancoCentralDeBoliviaMember" xlink:label="loc_bap_CertificatesOfBancoCentralDeBoliviaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CertificatesOfBancoCentralDeBoliviaMember" xml:lang="en-US">Certificates of Banco Central de Bolivia [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CertificatesOfBancoCentralDeBoliviaMember" xlink:to="lab_bap_CertificatesOfBancoCentralDeBoliviaMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CommercialPaperInForeignEntitiesMember" xlink:label="loc_bap_CommercialPaperInForeignEntitiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CommercialPaperInForeignEntitiesMember" xml:lang="en-US">Commercial paper in foreign entities [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_CommercialPaperInForeignEntitiesMember" xml:lang="en-US">Commercial paper [ Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CommercialPaperInForeignEntitiesMember" xlink:to="lab_bap_CommercialPaperInForeignEntitiesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_UsFederalAgencyBondsMember" xlink:label="loc_bap_UsFederalAgencyBondsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_UsFederalAgencyBondsMember" xml:lang="en-US">U.S. Federal agency bonds [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_UsFederalAgencyBondsMember" xlink:to="lab_bap_UsFederalAgencyBondsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CollateralizedMortgageObligationCmoMember" xlink:label="loc_bap_CollateralizedMortgageObligationCmoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CollateralizedMortgageObligationCmoMember" xml:lang="en-US">Collateralized mortgage obligation CMO [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_CollateralizedMortgageObligationCmoMember" xml:lang="en-US">Collateralized mortgage obligation</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CollateralizedMortgageObligationCmoMember" xlink:to="lab_bap_CollateralizedMortgageObligationCmoMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OffBalanceSheetItemsAxis" xlink:label="loc_bap_OffBalanceSheetItemsAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OffBalanceSheetItemsAxis" xml:lang="en-US">Off balance sheet items [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OffBalanceSheetItemsAxis" xlink:to="lab_bap_OffBalanceSheetItemsAxis" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OffBalanceSheetItemsDomain" xlink:label="loc_bap_OffBalanceSheetItemsDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OffBalanceSheetItemsDomain" xml:lang="en-US">Off balance sheet items [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OffBalanceSheetItemsDomain" xlink:to="lab_bap_OffBalanceSheetItemsDomain" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SharesAtAmortisedCost" xlink:label="loc_bap_SharesAtAmortisedCost" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SharesAtAmortisedCost" xml:lang="en-US">Shares At Amortised Cost</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SharesAtAmortisedCost" xlink:to="lab_bap_SharesAtAmortisedCost" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_SharesAtAmortisedCost" xml:lang="en-US">The amount of shares reported at amortised cost as on reporting period.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FinancialAssetsAtAmortisedCostBeforeAccruedInterest" xlink:label="loc_bap_FinancialAssetsAtAmortisedCostBeforeAccruedInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FinancialAssetsAtAmortisedCostBeforeAccruedInterest" xml:lang="en-US">Financial assets at amortised cost before accrued interest</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FinancialAssetsAtAmortisedCostBeforeAccruedInterest" xlink:to="lab_bap_FinancialAssetsAtAmortisedCostBeforeAccruedInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_FinancialAssetsAtAmortisedCostBeforeAccruedInterest" xml:lang="en-US">The amount of financial assets at amortised cost before accured interest.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_GainsOnAvailableforsaleFinancialAssets" xlink:label="loc_bap_GainsOnAvailableforsaleFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_GainsOnAvailableforsaleFinancialAssets" xml:lang="en-US">Gains on available-for-sale financial assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_GainsOnAvailableforsaleFinancialAssets" xlink:to="lab_bap_GainsOnAvailableforsaleFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_GainsOnAvailableforsaleFinancialAssets" xml:lang="en-US">The gains on available-for-sale financial assets.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_GainsOnShares" xlink:label="loc_bap_GainsOnShares" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_GainsOnShares" xml:lang="en-US">Gains on shares</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_GainsOnShares" xlink:to="lab_bap_GainsOnShares" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_GainsOnShares" xml:lang="en-US">The gains on shares recognised during the year.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_GainsOnFinancialAssetsBeforeAdjustingInterest" xlink:label="loc_bap_GainsOnFinancialAssetsBeforeAdjustingInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_GainsOnFinancialAssetsBeforeAdjustingInterest" xml:lang="en-US">Gains on financial assets before adjusting interest</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_GainsOnFinancialAssetsBeforeAdjustingInterest" xlink:to="lab_bap_GainsOnFinancialAssetsBeforeAdjustingInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_GainsOnFinancialAssetsBeforeAdjustingInterest" xml:lang="en-US">The gains on financial assets before adjusting interest during the period.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_LossesOnAvailableforsaleFinancialAssets" xlink:label="loc_bap_LossesOnAvailableforsaleFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_LossesOnAvailableforsaleFinancialAssets" xml:lang="en-US">Losses on available-for-sale financial assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_LossesOnAvailableforsaleFinancialAssets" xlink:to="lab_bap_LossesOnAvailableforsaleFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_LossesOnAvailableforsaleFinancialAssets" xml:lang="en-US">The losses on available-for-sale financial assets.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_LossesOnShares" xlink:label="loc_bap_LossesOnShares" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_LossesOnShares" xml:lang="en-US">Losses on shares</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_LossesOnShares" xlink:to="lab_bap_LossesOnShares" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_LossesOnShares" xml:lang="en-US">The losses on shares recognised during the year.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_LossesOnFinancialAssetsBeforeAdjustingInterest" xlink:label="loc_bap_LossesOnFinancialAssetsBeforeAdjustingInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_LossesOnFinancialAssetsBeforeAdjustingInterest" xml:lang="en-US">Losses on financial assets before adjusting interest</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_LossesOnFinancialAssetsBeforeAdjustingInterest" xlink:to="lab_bap_LossesOnFinancialAssetsBeforeAdjustingInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_LossesOnFinancialAssetsBeforeAdjustingInterest" xml:lang="en-US">The losses on financial assets before adjusting interest during the period.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SharesAtEstimatedFairValue" xlink:label="loc_bap_SharesAtEstimatedFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SharesAtEstimatedFairValue" xml:lang="en-US">Shares at estimated fair value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SharesAtEstimatedFairValue" xlink:to="lab_bap_SharesAtEstimatedFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_SharesAtEstimatedFairValue" xml:lang="en-US">The amount of shares reported at estimated fair value as on reporting period.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FinancialAssetsAtEstimatedFairValueBeforeAccruedInterest" xlink:label="loc_bap_FinancialAssetsAtEstimatedFairValueBeforeAccruedInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FinancialAssetsAtEstimatedFairValueBeforeAccruedInterest" xml:lang="en-US">Financial assets at estimated fair value before accrued interest</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FinancialAssetsAtEstimatedFairValueBeforeAccruedInterest" xlink:to="lab_bap_FinancialAssetsAtEstimatedFairValueBeforeAccruedInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_FinancialAssetsAtEstimatedFairValueBeforeAccruedInterest" xml:lang="en-US">The amount of financial assets at estimated fair value before accured interest.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InterestIncomeOnFinancialAssets" xlink:label="loc_bap_InterestIncomeOnFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InterestIncomeOnFinancialAssets" xml:lang="en-US">Interest income on financial assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InterestIncomeOnFinancialAssets" xlink:to="lab_bap_InterestIncomeOnFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_InterestIncomeOnFinancialAssets" xml:lang="en-US">The amount of interest income on financial assets during the year.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AlicorpSaaMember" xlink:label="loc_bap_AlicorpSaaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AlicorpSaaMember" xml:lang="en-US">Alicorp S.A.A [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AlicorpSaaMember" xlink:to="lab_bap_AlicorpSaaMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InversionesCentenarioSaaMember" xlink:label="loc_bap_InversionesCentenarioSaaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InversionesCentenarioSaaMember" xml:lang="en-US">Inversiones Centenario S.A.A [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InversionesCentenarioSaaMember" xlink:to="lab_bap_InversionesCentenarioSaaMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BolsaDeValoresDeLimaaMember" xlink:label="loc_bap_BolsaDeValoresDeLimaaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BolsaDeValoresDeLimaaMember" xml:lang="en-US">Bolsa de Valores de Limaa [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_BolsaDeValoresDeLimaaMember" xml:lang="en-US">Bolsa de Valores de Lima [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BolsaDeValoresDeLimaaMember" xlink:to="lab_bap_BolsaDeValoresDeLimaaMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BolsaDeComercioDeSantiagoMember" xlink:label="loc_bap_BolsaDeComercioDeSantiagoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BolsaDeComercioDeSantiagoMember" xml:lang="en-US">Bolsa de Comercio de Santiago [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BolsaDeComercioDeSantiagoMember" xlink:to="lab_bap_BolsaDeComercioDeSantiagoMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CompaniaUniversalTextilSAMember" xlink:label="loc_bap_CompaniaUniversalTextilSAMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CompaniaUniversalTextilSAMember" xml:lang="en-US">Compania Universal Textil SA [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_CompaniaUniversalTextilSAMember" xml:lang="en-US">Compania Universal Textil S.A. [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CompaniaUniversalTextilSAMember" xlink:to="lab_bap_CompaniaUniversalTextilSAMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BolsaDeValoresDeColombiaaMember" xlink:label="loc_bap_BolsaDeValoresDeColombiaaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BolsaDeValoresDeColombiaaMember" xml:lang="en-US">Bolsa de Valores de Colombiaa [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BolsaDeValoresDeColombiaaMember" xlink:to="lab_bap_BolsaDeValoresDeColombiaaMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherMember" xlink:label="loc_bap_OtherMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherMember" xml:lang="en-US">Other [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherMember" xlink:to="lab_bap_OtherMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CollateralizedMortgageObligationsCmoMember" xlink:label="loc_bap_CollateralizedMortgageObligationsCmoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CollateralizedMortgageObligationsCmoMember" xml:lang="en-US">Collateralized mortgage obligations CMO [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_CollateralizedMortgageObligationsCmoMember" xml:lang="en-US">Collateralized mortgage obligations (CMO) [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CollateralizedMortgageObligationsCmoMember" xlink:to="lab_bap_CollateralizedMortgageObligationsCmoMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_NegotiableCertificatesOfDepositsMember" xlink:label="loc_bap_NegotiableCertificatesOfDepositsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_NegotiableCertificatesOfDepositsMember" xml:lang="en-US">Negotiable certificates of deposits [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_NegotiableCertificatesOfDepositsMember" xlink:to="lab_bap_NegotiableCertificatesOfDepositsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DescriptionOfMaturityOfFinancialAssetsClassifiedOutOfAvailableforsaleFinancialAssets" xlink:label="loc_bap_DescriptionOfMaturityOfFinancialAssetsClassifiedOutOfAvailableforsaleFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DescriptionOfMaturityOfFinancialAssetsClassifiedOutOfAvailableforsaleFinancialAssets" xml:lang="en-US">Description Of Maturity Of Financial Assets Classified Out Of Availableforsale Financial Assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DescriptionOfMaturityOfFinancialAssetsClassifiedOutOfAvailableforsaleFinancialAssets" xlink:to="lab_bap_DescriptionOfMaturityOfFinancialAssetsClassifiedOutOfAvailableforsaleFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DescriptionOfMaturityOfFinancialAssetsClassifiedOutOfAvailableforsaleFinancialAssets" xml:lang="en-US">The description of maturity of financial assets classified out of available-for-sale financial assets.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_EffectiveInterestRateOfFinancialAssetsClassifiedOutOfAvailableforsaleFinancialAssets" xlink:label="loc_bap_EffectiveInterestRateOfFinancialAssetsClassifiedOutOfAvailableforsaleFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_EffectiveInterestRateOfFinancialAssetsClassifiedOutOfAvailableforsaleFinancialAssets" xml:lang="en-US">Effective Interest Rate Of Financial Assets Classified Out Of Availableforsale Financial Assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_EffectiveInterestRateOfFinancialAssetsClassifiedOutOfAvailableforsaleFinancialAssets" xlink:to="lab_bap_EffectiveInterestRateOfFinancialAssetsClassifiedOutOfAvailableforsaleFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_EffectiveInterestRateOfFinancialAssetsClassifiedOutOfAvailableforsaleFinancialAssets" xml:lang="en-US">The effective interest rate of financial assets classified out of the available-for-sale measurement category.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SolesMember" xlink:label="loc_bap_SolesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SolesMember" xml:lang="en-US">The Soles [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SolesMember" xlink:to="lab_bap_SolesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PeruvianSovereignBondsMember" xlink:label="loc_bap_PeruvianSovereignBondsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PeruvianSovereignBondsMember" xml:lang="en-US">Peruvian sovereign bonds [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PeruvianSovereignBondsMember" xlink:to="lab_bap_PeruvianSovereignBondsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BolivianSovereignBondsMember" xlink:label="loc_bap_BolivianSovereignBondsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BolivianSovereignBondsMember" xml:lang="en-US">Bolivian sovereign bonds [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BolivianSovereignBondsMember" xlink:to="lab_bap_BolivianSovereignBondsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ColombianSovereignBondsMember" xlink:label="loc_bap_ColombianSovereignBondsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ColombianSovereignBondsMember" xml:lang="en-US">Colombian sovereign bonds [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ColombianSovereignBondsMember" xlink:to="lab_bap_ColombianSovereignBondsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherBondsMember" xlink:label="loc_bap_OtherBondsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherBondsMember" xml:lang="en-US">Other bonds [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherBondsMember" xlink:to="lab_bap_OtherBondsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ChileanSovereignBondsMember" xlink:label="loc_bap_ChileanSovereignBondsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ChileanSovereignBondsMember" xml:lang="en-US">Chilean sovereign bonds [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ChileanSovereignBondsMember" xlink:to="lab_bap_ChileanSovereignBondsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AvailableforsaleInvestmentsMember" xlink:label="loc_bap_AvailableforsaleInvestmentsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AvailableforsaleInvestmentsMember" xml:lang="en-US">Available-for-sale investments [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AvailableforsaleInvestmentsMember" xlink:to="lab_bap_AvailableforsaleInvestmentsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xml:lang="en-US">Financial assets at fair value through profit or loss, classified as held for trading</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xlink:to="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InmueblesPanamericanaMember" xlink:label="loc_bap_InmueblesPanamericanaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InmueblesPanamericanaMember" xml:lang="en-US">Inmuebles Panamericana [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InmueblesPanamericanaMember" xlink:to="lab_bap_InmueblesPanamericanaMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AbengoaTransmisionDelNorteMember" xlink:label="loc_bap_AbengoaTransmisionDelNorteMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AbengoaTransmisionDelNorteMember" xml:lang="en-US">Abengoa Transmision del Norte [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AbengoaTransmisionDelNorteMember" xlink:to="lab_bap_AbengoaTransmisionDelNorteMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ConcesionariaLaChiraSaMember" xlink:label="loc_bap_ConcesionariaLaChiraSaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ConcesionariaLaChiraSaMember" xml:lang="en-US">Concesionaria La Chira S.A. [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ConcesionariaLaChiraSaMember" xlink:to="lab_bap_ConcesionariaLaChiraSaMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_HuntOilCompanyMember" xlink:label="loc_bap_HuntOilCompanyMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_HuntOilCompanyMember" xml:lang="en-US">Hunt Oil Company [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_HuntOilCompanyMember" xlink:to="lab_bap_HuntOilCompanyMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_IndustriasDeAceiteSAMember" xlink:label="loc_bap_IndustriasDeAceiteSAMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_IndustriasDeAceiteSAMember" xml:lang="en-US">Industrias de Aceite SA [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_IndustriasDeAceiteSAMember" xlink:to="lab_bap_IndustriasDeAceiteSAMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_HomecentersPeruanosSAMember" xlink:label="loc_bap_HomecentersPeruanosSAMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_HomecentersPeruanosSAMember" xml:lang="en-US">Homecenters Peruanos SA [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_HomecentersPeruanosSAMember" xlink:to="lab_bap_HomecentersPeruanosSAMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BondsOfForeignGovernementsMember" xlink:label="loc_bap_BondsOfForeignGovernementsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BondsOfForeignGovernementsMember" xml:lang="en-US">Bonds of foreign governements [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BondsOfForeignGovernementsMember" xlink:to="lab_bap_BondsOfForeignGovernementsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PeruvianTreasuryBondsMember" xlink:label="loc_bap_PeruvianTreasuryBondsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PeruvianTreasuryBondsMember" xml:lang="en-US">Peruvian treasury bonds [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PeruvianTreasuryBondsMember" xlink:to="lab_bap_PeruvianTreasuryBondsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CorporateBondsMember" xlink:label="loc_bap_CorporateBondsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CorporateBondsMember" xml:lang="en-US">Corporate bonds [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CorporateBondsMember" xlink:to="lab_bap_CorporateBondsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CertificatesOfPaymentOnWorkProgressMember" xlink:label="loc_bap_CertificatesOfPaymentOnWorkProgressMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CertificatesOfPaymentOnWorkProgressMember" 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="lab_bap_CertificatesOfPaymentOnWorkProgressMember" xml:lang="en-US">Certificates of payment on work progress (CRPAO for its Spanish acronym) [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CertificatesOfPaymentOnWorkProgressMember" xlink:to="lab_bap_CertificatesOfPaymentOnWorkProgressMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FinancialAssetsHeldToMaturityBeforeAccruedInterest" xlink:label="loc_bap_FinancialAssetsHeldToMaturityBeforeAccruedInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FinancialAssetsHeldToMaturityBeforeAccruedInterest" xml:lang="en-US">Financial assets held to maturity before accrued interest</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FinancialAssetsHeldToMaturityBeforeAccruedInterest" xlink:to="lab_bap_FinancialAssetsHeldToMaturityBeforeAccruedInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_FinancialAssetsHeldToMaturityBeforeAccruedInterest" xml:lang="en-US">The amount of financial assets held to maturity before accrued interest.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FinancialAssetsHeldToMaturityAccruedInterest" xlink:label="loc_bap_FinancialAssetsHeldToMaturityAccruedInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FinancialAssetsHeldToMaturityAccruedInterest" xml:lang="en-US">Financial assets held to maturity, accrued interest</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FinancialAssetsHeldToMaturityAccruedInterest" xlink:to="lab_bap_FinancialAssetsHeldToMaturityAccruedInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_FinancialAssetsHeldToMaturityAccruedInterest" xml:lang="en-US">The amount interest accrued on carrying amount of financial assets held to maturity</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FinancialAssetsHeldToMaturityAtFairValueBeforeAccruedInterest" xlink:label="loc_bap_FinancialAssetsHeldToMaturityAtFairValueBeforeAccruedInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FinancialAssetsHeldToMaturityAtFairValueBeforeAccruedInterest" xml:lang="en-US">Financial assets held to maturity at fair value before accrued interest</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FinancialAssetsHeldToMaturityAtFairValueBeforeAccruedInterest" xlink:to="lab_bap_FinancialAssetsHeldToMaturityAtFairValueBeforeAccruedInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_FinancialAssetsHeldToMaturityAtFairValueBeforeAccruedInterest" xml:lang="en-US">The amount of financial assets held to maturity at fair value before accrued interest.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FinancialAssetsHeldToMaturityAtFairValueAccruedInterest" xlink:label="loc_bap_FinancialAssetsHeldToMaturityAtFairValueAccruedInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FinancialAssetsHeldToMaturityAtFairValueAccruedInterest" xml:lang="en-US">Financial assets held to maturity at fair value, accrued interest</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FinancialAssetsHeldToMaturityAtFairValueAccruedInterest" xlink:to="lab_bap_FinancialAssetsHeldToMaturityAtFairValueAccruedInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_FinancialAssetsHeldToMaturityAtFairValueAccruedInterest" xml:lang="en-US">The amount interest accrued on fair value amount of financial assets held to maturity</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TotalFinancialAssetsHeldToMaturityAtFairValue" xlink:label="loc_bap_TotalFinancialAssetsHeldToMaturityAtFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TotalFinancialAssetsHeldToMaturityAtFairValue" xml:lang="en-US">Total financial assets held to maturity at fair value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TotalFinancialAssetsHeldToMaturityAtFairValue" xlink:to="lab_bap_TotalFinancialAssetsHeldToMaturityAtFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_TotalFinancialAssetsHeldToMaturityAtFairValue" xml:lang="en-US">The total amount of financial assets held to maturity at fair value.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NotLaterThanThreeMonthsMember" xlink:label="loc_ifrs-full_NotLaterThanThreeMonthsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_NotLaterThanThreeMonthsMember" xml:lang="en-US">Not later than three months [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_ifrs-full_NotLaterThanThreeMonthsMember" xml:lang="en-US">Up to 3 months [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_NotLaterThanThreeMonthsMember" xml:lang="en-US">Overdue 90 days [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_NotLaterThanThreeMonthsMember" xml:lang="en-US">Up to 3 months</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/presentationGuidance" xlink:label="lab_ifrs-full_NotLaterThanThreeMonthsMember" xml:lang="en-US">Up to 3 months</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NotLaterThanThreeMonthsMember" xlink:to="lab_ifrs-full_NotLaterThanThreeMonthsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember" xlink:label="loc_ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember" 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/definitionGuidance" xlink:label="lab_ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember" xml:lang="en-US">From 3 months to 1 year [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember" xml:lang="en-US">From 3 months to 1 year</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember" xml:lang="en-US">From 3 months to 1 year</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember" xlink:to="lab_ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember" xlink:label="loc_ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember" 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/verboseLabel" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember" xml:lang="en-US">From 1 to 3 years [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember" xml:lang="en-US">From 1 to 3 years</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember" xlink:to="lab_ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" xlink:label="loc_ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" 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/verboseLabel" xlink:label="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" xml:lang="en-US">From 3 to 5 years [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" xml:lang="en-US">From 3 to 5 years</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/presentationGuidance" xlink:label="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" xml:lang="en-US">From 3 to 5 years</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" xlink:to="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LaterThanFiveYearsMember" xlink:label="loc_ifrs-full_LaterThanFiveYearsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_LaterThanFiveYearsMember" xml:lang="en-US">Later than five years [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_ifrs-full_LaterThanFiveYearsMember" xml:lang="en-US">More than 5 years [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_LaterThanFiveYearsMember" xml:lang="en-US">Over 5 years</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_LaterThanFiveYearsMember" xml:lang="en-US">Over 5 years</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/measurementGuidance" xlink:label="lab_ifrs-full_LaterThanFiveYearsMember" xml:lang="en-US">More than 5 years</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanFiveYearsMember" xlink:to="lab_ifrs-full_LaterThanFiveYearsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_WithoutMaturityMember" xlink:label="loc_bap_WithoutMaturityMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_WithoutMaturityMember" xml:lang="en-US">Without maturity [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_WithoutMaturityMember" xlink:to="lab_bap_WithoutMaturityMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossAbstract" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossAbstract" xml:lang="en-US">Financial assets at fair value through profit or loss [abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossAbstract" xlink:to="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" 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/definitionGuidance" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xml:lang="en-US">At fair value through other comprehensive income [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xml:lang="en-US">Financial assets at fair value through other comprehensive income [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xlink:to="lab_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DerivativesHeldAsHedgesMember" xlink:label="loc_bap_DerivativesHeldAsHedgesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DerivativesHeldAsHedgesMember" xml:lang="en-US">Derivatives held as hedges [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DerivativesHeldAsHedgesMember" xlink:to="lab_bap_DerivativesHeldAsHedgesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CrossCurrencySwapContractFourMember" xlink:label="loc_bap_CrossCurrencySwapContractFourMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CrossCurrencySwapContractFourMember" xml:lang="en-US">Cross currency swap contract four [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CrossCurrencySwapContractFourMember" xlink:to="lab_bap_CrossCurrencySwapContractFourMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CrossCurrencySwapContractFiveMember" xlink:label="loc_bap_CrossCurrencySwapContractFiveMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CrossCurrencySwapContractFiveMember" xml:lang="en-US">Cross currency swap contract five [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CrossCurrencySwapContractFiveMember" xlink:to="lab_bap_CrossCurrencySwapContractFiveMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsAtAmortisedCostMember" xlink:label="loc_ifrs-full_FinancialAssetsAtAmortisedCostMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialAssetsAtAmortisedCostMember" xml:lang="en-US">Financial assets at amortised cost, class [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_FinancialAssetsAtAmortisedCostMember" xml:lang="en-US">Financial assets at amortized cost</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtAmortisedCostMember" xlink:to="lab_ifrs-full_FinancialAssetsAtAmortisedCostMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InterestRateSwapContractSixMember" xlink:label="loc_bap_InterestRateSwapContractSixMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InterestRateSwapContractSixMember" xml:lang="en-US">Interest rate swap contract six [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InterestRateSwapContractSixMember" xlink:to="lab_bap_InterestRateSwapContractSixMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BciChileMember" xlink:label="loc_bap_BciChileMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BciChileMember" xml:lang="en-US">BCI Chile [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BciChileMember" xlink:to="lab_bap_BciChileMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_EnelDistribucionPeruSaaMember" xlink:label="loc_bap_EnelDistribucionPeruSaaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_EnelDistribucionPeruSaaMember" xml:lang="en-US">Enel Distribucion Peru S.A.A. [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_EnelDistribucionPeruSaaMember" xlink:to="lab_bap_EnelDistribucionPeruSaaMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GainsLossesOnDisposalsOfInvestments" xlink:label="loc_ifrs-full_GainsLossesOnDisposalsOfInvestments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_GainsLossesOnDisposalsOfInvestments" xml:lang="en-US">Gains (losses) on disposals of investments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnDisposalsOfInvestments" xlink:to="lab_ifrs-full_GainsLossesOnDisposalsOfInvestments" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:label="loc_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xml:lang="en-US">Profit (loss), attributable to ordinary equity holders of parent entity</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:to="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NumberOfInstrumentsOrInterestsIssuedOrIssuable" xlink:label="loc_ifrs-full_NumberOfInstrumentsOrInterestsIssuedOrIssuable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_NumberOfInstrumentsOrInterestsIssuedOrIssuable" xml:lang="en-US">Number of instruments or interests issued or issuable</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfInstrumentsOrInterestsIssuedOrIssuable" xlink:to="lab_ifrs-full_NumberOfInstrumentsOrInterestsIssuedOrIssuable" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LossesOnDisposalsOfInvestments" xlink:label="loc_ifrs-full_LossesOnDisposalsOfInvestments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_LossesOnDisposalsOfInvestments" xml:lang="en-US">Losses on disposals of investments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LossesOnDisposalsOfInvestments" xlink:to="lab_ifrs-full_LossesOnDisposalsOfInvestments" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ProportionOfOwnershipInterestsHeldByNoncontrollingInterestsNotIntentToSell" xlink:label="loc_bap_ProportionOfOwnershipInterestsHeldByNoncontrollingInterestsNotIntentToSell" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ProportionOfOwnershipInterestsHeldByNoncontrollingInterestsNotIntentToSell" xml:lang="en-US">Proportion of ownership interests held by non-controlling interests not intent to sell</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ProportionOfOwnershipInterestsHeldByNoncontrollingInterestsNotIntentToSell" xlink:to="lab_bap_ProportionOfOwnershipInterestsHeldByNoncontrollingInterestsNotIntentToSell" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ProportionOfOwnershipInterestsHeldByNoncontrollingInterestsNotIntentToSell" xml:lang="en-US">The proportion of ownership interests in a subsidiary held by non-controlling interests not intent to sell.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_NumberOfSharesSoldHeldAsNonControllingInterests" xlink:label="loc_bap_NumberOfSharesSoldHeldAsNonControllingInterests" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_NumberOfSharesSoldHeldAsNonControllingInterests" xml:lang="en-US">Number of shares sold held as non controlling interests</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_NumberOfSharesSoldHeldAsNonControllingInterests" xlink:to="lab_bap_NumberOfSharesSoldHeldAsNonControllingInterests" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_NumberOfSharesSoldHeldAsNonControllingInterests" xml:lang="en-US">The Number of shares sold held by non controlling interests.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SalePricePerShare" xlink:label="loc_bap_SalePricePerShare" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SalePricePerShare" xml:lang="en-US">Sale price per share</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SalePricePerShare" xlink:to="lab_bap_SalePricePerShare" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_SalePricePerShare" xml:lang="en-US">The sale price per share.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProceedsFromSalesOfInvestmentsAccountedForUsingEquityMethod" xlink:label="loc_ifrs-full_ProceedsFromSalesOfInvestmentsAccountedForUsingEquityMethod" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ProceedsFromSalesOfInvestmentsAccountedForUsingEquityMethod" xml:lang="en-US">Proceeds from sales of investments accounted for using equity method</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromSalesOfInvestmentsAccountedForUsingEquityMethod" xlink:to="lab_ifrs-full_ProceedsFromSalesOfInvestmentsAccountedForUsingEquityMethod" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_NetUnrealizedGainOnListedSecurities" xlink:label="loc_bap_NetUnrealizedGainOnListedSecurities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_NetUnrealizedGainOnListedSecurities" xml:lang="en-US">Net unrealized gain on listed securities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_NetUnrealizedGainOnListedSecurities" xlink:to="lab_bap_NetUnrealizedGainOnListedSecurities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_NetUnrealizedGainOnListedSecurities" xml:lang="en-US">The amount of net unrealized gain on listed securities during the year.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AnnualEffectiveInterestRateOfHeldToMaturityInvestments" xlink:label="loc_bap_AnnualEffectiveInterestRateOfHeldToMaturityInvestments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AnnualEffectiveInterestRateOfHeldToMaturityInvestments" xml:lang="en-US">Annual effective interest rate of held to maturity investments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AnnualEffectiveInterestRateOfHeldToMaturityInvestments" xlink:to="lab_bap_AnnualEffectiveInterestRateOfHeldToMaturityInvestments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AnnualEffectiveInterestRateOfHeldToMaturityInvestments" xml:lang="en-US">The effective interest rate of financial assets classified held to maturity investments.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ProportionOfOwnershipInterestsSoldHeldByNoncontrollingInterests" xlink:label="loc_bap_ProportionOfOwnershipInterestsSoldHeldByNoncontrollingInterests" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ProportionOfOwnershipInterestsSoldHeldByNoncontrollingInterests" xml:lang="en-US">Proportion of ownership interests sold held by non-controlling interests</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ProportionOfOwnershipInterestsSoldHeldByNoncontrollingInterests" xlink:to="lab_bap_ProportionOfOwnershipInterestsSoldHeldByNoncontrollingInterests" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ProportionOfOwnershipInterestsSoldHeldByNoncontrollingInterests" xml:lang="en-US">The proportion of ownership interests sold in a subsidiary held by non-controlling interests.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CreditExposure" xlink:label="loc_ifrs-full_CreditExposure" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CreditExposure" xml:lang="en-US">Credit exposure</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CreditExposure" xlink:to="lab_ifrs-full_CreditExposure" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_UnrealizedGainLossOnListedSecurities" xlink:label="loc_bap_UnrealizedGainLossOnListedSecurities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_UnrealizedGainLossOnListedSecurities" xml:lang="en-US">Unrealized Gain Loss on Listed Securities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_UnrealizedGainLossOnListedSecurities" xlink:to="lab_bap_UnrealizedGainLossOnListedSecurities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_UnrealizedGainLossOnListedSecurities" xml:lang="en-US">The amount of net unrealized gain loss on listed securities during the year.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTransfersExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughTransfersExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransfersExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" xml:lang="en-US">Increase (decrease) through transfers, exposure to credit risk on loan commitments and financial guarantee contracts</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughTransfersExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughTransfersExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FinancialAssetsMaturityDateDescription" xlink:label="loc_bap_FinancialAssetsMaturityDateDescription" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FinancialAssetsMaturityDateDescription" xml:lang="en-US">Financial Assets Maturity Date Description</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FinancialAssetsMaturityDateDescription" xlink:to="lab_bap_FinancialAssetsMaturityDateDescription" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_FinancialAssetsMaturityDateDescription" xml:lang="en-US">Description about the maturity date of financial assets.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BolivianosMember" xlink:label="loc_bap_BolivianosMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BolivianosMember" xml:lang="en-US">Bolivianos [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BolivianosMember" xlink:to="lab_bap_BolivianosMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InvestmentsAxis" xlink:label="loc_bap_InvestmentsAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InvestmentsAxis" xml:lang="en-US">Investments [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InvestmentsAxis" xlink:to="lab_bap_InvestmentsAxis" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InvestmentSecuritiesDomain" xlink:label="loc_bap_InvestmentSecuritiesDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InvestmentSecuritiesDomain" xml:lang="en-US">Investment Securities [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InvestmentSecuritiesDomain" xlink:to="lab_bap_InvestmentSecuritiesDomain" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_RepurchasesAgreementMember" xlink:label="loc_bap_RepurchasesAgreementMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_RepurchasesAgreementMember" xml:lang="en-US">Repurchases Agreement [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_RepurchasesAgreementMember" xml:lang="en-US">Repurchase Agreement [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_RepurchasesAgreementMember" xlink:to="lab_bap_RepurchasesAgreementMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DirectLoansAbstract" xlink:label="loc_bap_DirectLoansAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DirectLoansAbstract" xml:lang="en-US">Direct loans [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_DirectLoansAbstract" xml:lang="en-US">Direct loans-</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_DirectLoansAbstract" xml:lang="en-US">Outstanding loans -</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DirectLoansAbstract" xlink:to="lab_bap_DirectLoansAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinanceLeaseReceivables" xlink:label="loc_ifrs-full_FinanceLeaseReceivables" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinanceLeaseReceivables" xml:lang="en-US">Finance lease receivables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_FinanceLeaseReceivables" xml:lang="en-US">Leasing receivables</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinanceLeaseReceivables" xlink:to="lab_ifrs-full_FinanceLeaseReceivables" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CreditCardLoans" xlink:label="loc_bap_CreditCardLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CreditCardLoans" xml:lang="en-US">Credit card loans</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_CreditCardLoans" xml:lang="en-US">Credit cards</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CreditCardLoans" xlink:to="lab_bap_CreditCardLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_CreditCardLoans" xml:lang="en-US">Short term loans given on credit cards.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DiscountedNotes" xlink:label="loc_bap_DiscountedNotes" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DiscountedNotes" xml:lang="en-US">Discounted notes</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_DiscountedNotes" xml:lang="en-US">Discounted notes</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DiscountedNotes" xlink:to="lab_bap_DiscountedNotes" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DiscountedNotes" xml:lang="en-US">The amount of notes discounted.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FactoringOfReceivables" xlink:label="loc_bap_FactoringOfReceivables" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FactoringOfReceivables" xml:lang="en-US">Factoring of receivables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_FactoringOfReceivables" xml:lang="en-US">Factoring receivables</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FactoringOfReceivables" xlink:to="lab_bap_FactoringOfReceivables" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_FactoringOfReceivables" xml:lang="en-US">The amount of receivables of an entity those are transferred to another party (factor).</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CurrentAccountAdvancesAndOverdrafts" xlink:label="loc_bap_CurrentAccountAdvancesAndOverdrafts" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CurrentAccountAdvancesAndOverdrafts" 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="lab_bap_CurrentAccountAdvancesAndOverdrafts" xml:lang="en-US">Advances and overdrafts in current account</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CurrentAccountAdvancesAndOverdrafts" xlink:to="lab_bap_CurrentAccountAdvancesAndOverdrafts" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_CurrentAccountAdvancesAndOverdrafts" 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>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_RefinancedLoans" xlink:label="loc_bap_RefinancedLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_RefinancedLoans" xml:lang="en-US">Refinanced loans</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_RefinancedLoans" xml:lang="en-US">Refinanced loans</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_RefinancedLoans" xlink:to="lab_bap_RefinancedLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_RefinancedLoans" xml:lang="en-US">The amount of loans those are refinanced.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_RestructuredLoans" xlink:label="loc_bap_RestructuredLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_RestructuredLoans" xml:lang="en-US">Restructured loans</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_RestructuredLoans" xml:lang="en-US">Restructured loans</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_RestructuredLoans" xlink:to="lab_bap_RestructuredLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_RestructuredLoans" xml:lang="en-US">The amount of loans those are restructured.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DirectLoansGross" xlink:label="loc_bap_DirectLoansGross" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DirectLoansGross" xml:lang="en-US">Direct loans, gross</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_bap_DirectLoansGross" xml:lang="en-US">Total direct loans</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DirectLoansGross" xlink:to="lab_bap_DirectLoansGross" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DirectLoansGross" xml:lang="en-US">The gross amount of loans those are classified as direct loans.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InternalOverdueLoansAndUnderLegalCollectionLoans" xlink:label="loc_bap_InternalOverdueLoansAndUnderLegalCollectionLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InternalOverdueLoansAndUnderLegalCollectionLoans" 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="lab_bap_InternalOverdueLoansAndUnderLegalCollectionLoans" 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/terseLabel" xlink:label="lab_bap_InternalOverdueLoansAndUnderLegalCollectionLoans" xml:lang="en-US">Internal overdue loans</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InternalOverdueLoansAndUnderLegalCollectionLoans" xlink:to="lab_bap_InternalOverdueLoansAndUnderLegalCollectionLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_InternalOverdueLoansAndUnderLegalCollectionLoans" xml:lang="en-US">The amount of Internal overdue loans and under legal collection loans.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DirectLoansIncludingInternalLoans" xlink:label="loc_bap_DirectLoansIncludingInternalLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DirectLoansIncludingInternalLoans" 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="lab_bap_DirectLoansIncludingInternalLoans" xml:lang="en-US">Direct loans including internal overdue loans and under legal collection loans</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DirectLoansIncludingInternalLoans" xlink:to="lab_bap_DirectLoansIncludingInternalLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DirectLoansIncludingInternalLoans" xml:lang="en-US">The amount of direct loans including internally overdue loans.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AccruedIncome" xlink:label="loc_ifrs-full_AccruedIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AccruedIncome" xml:lang="en-US">Accrued income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_AccruedIncome" xml:lang="en-US">Accrued interest</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AccruedIncome" xlink:to="lab_ifrs-full_AccruedIncome" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_UnearnedInterest" xlink:label="loc_bap_UnearnedInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_UnearnedInterest" xml:lang="en-US">Unearned interest</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_bap_UnearnedInterest" xml:lang="en-US">Unearned interest</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_UnearnedInterest" xlink:to="lab_bap_UnearnedInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_UnearnedInterest" xml:lang="en-US">The amount of interest that is not yet accrued.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OffBalanceSheetIndirectLoans" xlink:label="loc_bap_OffBalanceSheetIndirectLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OffBalanceSheetIndirectLoans" xml:lang="en-US">Off balance sheet indirect loans</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_OffBalanceSheetIndirectLoans" xml:lang="en-US">Indirect loans, Note 20</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OffBalanceSheetIndirectLoans" xlink:to="lab_bap_OffBalanceSheetIndirectLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_OffBalanceSheetIndirectLoans" 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>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfLoansNetTable" xlink:label="loc_bap_DisclosureOfLoansNetTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfLoansNetTable" xml:lang="en-US">Disclosure of Loans, Net [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfLoansNetTable" xlink:to="lab_bap_DisclosureOfLoansNetTable" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CorporateLoansMember" xlink:label="loc_ifrs-full_CorporateLoansMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CorporateLoansMember" xml:lang="en-US">Corporate loans [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_CorporateLoansMember" xml:lang="en-US">Commercial loans [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_CorporateLoansMember" xml:lang="en-US">Commercial loans [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CorporateLoansMember" xlink:to="lab_ifrs-full_CorporateLoansMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MortgageLoanMember" xlink:label="loc_bap_MortgageLoanMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MortgageLoanMember" xml:lang="en-US">Mortgage loan [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_MortgageLoanMember" xml:lang="en-US">Residential mortgage loans [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_MortgageLoanMember" xml:lang="en-US">Residential mortgage loans [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MortgageLoanMember" xlink:to="lab_bap_MortgageLoanMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MicroBusinessLoanMember" xlink:label="loc_bap_MicroBusinessLoanMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MicroBusinessLoanMember" xml:lang="en-US">Micro business loan [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_MicroBusinessLoanMember" xml:lang="en-US">Micro-business loans [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_MicroBusinessLoanMember" xml:lang="en-US">Micro-business loans [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MicroBusinessLoanMember" xlink:to="lab_bap_MicroBusinessLoanMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ConsumerLoansMember" xlink:label="loc_ifrs-full_ConsumerLoansMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ConsumerLoansMember" xml:lang="en-US">Consumer loans [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ConsumerLoansMember" xml:lang="en-US">Consumer loans [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_ConsumerLoansMember" xml:lang="en-US">Consumer loans [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ConsumerLoansMember" xlink:to="lab_ifrs-full_ConsumerLoansMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_StagesOfLoansReceivablesAxis" xlink:label="loc_bap_StagesOfLoansReceivablesAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_StagesOfLoansReceivablesAxis" xml:lang="en-US">Stages of Loans Receivables [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_StagesOfLoansReceivablesAxis" xlink:to="lab_bap_StagesOfLoansReceivablesAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_StagesOfLoansReceivablesAxis" xml:lang="en-US">Stages of Loans Receivables</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_StagesOfLoansReceivablesDomain" xlink:label="loc_bap_StagesOfLoansReceivablesDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_StagesOfLoansReceivablesDomain" xml:lang="en-US">Stages of Loans Receivables [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_StagesOfLoansReceivablesDomain" xlink:to="lab_bap_StagesOfLoansReceivablesDomain" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_StageOneMember" xlink:label="loc_bap_StageOneMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_StageOneMember" xml:lang="en-US">Stage one [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_StageOneMember" xml:lang="en-US">Stage 1 [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_StageOneMember" xlink:to="lab_bap_StageOneMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_StageOneMember" xml:lang="en-US">Stage one</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_StageTwoMember" xlink:label="loc_bap_StageTwoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_StageTwoMember" xml:lang="en-US">Stage Two [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_StageTwoMember" xml:lang="en-US">Stage 2 [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_StageTwoMember" xlink:to="lab_bap_StageTwoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_StageTwoMember" xml:lang="en-US">Stage Two</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_StageThreeMember" xlink:label="loc_bap_StageThreeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_StageThreeMember" xml:lang="en-US">Stage Three [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_StageThreeMember" xml:lang="en-US">Stage 3 [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_StageThreeMember" xlink:to="lab_bap_StageThreeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_StageThreeMember" xml:lang="en-US">Stage Three</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ConsolidationOfAllStagesMember" xlink:label="loc_bap_ConsolidationOfAllStagesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ConsolidationOfAllStagesMember" xml:lang="en-US">Consolidation of All Stages [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_ConsolidationOfAllStagesMember" xml:lang="en-US">Consolidated 3 Stages [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ConsolidationOfAllStagesMember" xlink:to="lab_bap_ConsolidationOfAllStagesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ConsolidationOfAllStagesMember" xml:lang="en-US">Consolidation of All Stages</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfLoansNetLineItems" xlink:label="loc_bap_DisclosureOfLoansNetLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfLoansNetLineItems" xml:lang="en-US">Disclosure of Loans, Net [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfLoansNetLineItems" xlink:to="lab_bap_DisclosureOfLoansNetLineItems" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DirectGrossLoans" xlink:label="loc_bap_DirectGrossLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DirectGrossLoans" xml:lang="en-US">Direct gross loans</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_bap_DirectGrossLoans" xml:lang="en-US">Balances at the beginning of the period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_bap_DirectGrossLoans" xml:lang="en-US">Balances at the end of the period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_DirectGrossLoans" xml:lang="en-US">Gross</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_DirectGrossLoans" xml:lang="en-US">Total</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_bap_DirectGrossLoans" xml:lang="en-US">Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DirectGrossLoans" xlink:to="lab_bap_DirectGrossLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DirectGrossLoans" xml:lang="en-US">The gross amount of direct loans including internally overdue loans.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TransferToStageTwo" xlink:label="loc_bap_TransferToStageTwo" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TransferToStageTwo" xml:lang="en-US">Transfer to Stage Two</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_TransferToStageTwo" xml:lang="en-US">Transfer to Stage 2</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TransferToStageTwo" xlink:to="lab_bap_TransferToStageTwo" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_TransferToStageTwo" xml:lang="en-US">Transfer from Levell 1 to Level 2</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TransferToStageTHREE" xlink:label="loc_bap_TransferToStageTHREE" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TransferToStageTHREE" xml:lang="en-US">Transfer to Stage THREE</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_TransferToStageTHREE" xml:lang="en-US">Transfer to Stage 3</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TransferToStageTHREE" xlink:to="lab_bap_TransferToStageTHREE" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_TransferToStageTHREE" xml:lang="en-US">Transfer to Stage 3</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TransferFromStageTwo" xlink:label="loc_bap_TransferFromStageTwo" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TransferFromStageTwo" xml:lang="en-US">Transfer From Stage two</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_TransferFromStageTwo" xml:lang="en-US">Transfer from Stage 2</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TransferFromStageTwo" xlink:to="lab_bap_TransferFromStageTwo" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_TransferFromStageTwo" xml:lang="en-US">Trasfer from Stage 3</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TransferFromStageThree" xlink:label="loc_bap_TransferFromStageThree" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TransferFromStageThree" xml:lang="en-US">Transfer From Stage Three</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_TransferFromStageThree" xml:lang="en-US">Transfer from Stage 3</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TransferFromStageThree" xlink:to="lab_bap_TransferFromStageThree" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_TransferFromStageThree" xml:lang="en-US">Trasfer from Stage 3</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TransferBetweenClasssesOfLoans" xlink:label="loc_bap_TransferBetweenClasssesOfLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TransferBetweenClasssesOfLoans" 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="lab_bap_TransferBetweenClasssesOfLoans" xml:lang="en-US">Transfers between classes of loans</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TransferBetweenClasssesOfLoans" xlink:to="lab_bap_TransferBetweenClasssesOfLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_TransferBetweenClasssesOfLoans" xml:lang="en-US">Transfer between class of loans</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_NewLoansAcquiredAndLiquidationNet" xlink:label="loc_bap_NewLoansAcquiredAndLiquidationNet" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_NewLoansAcquiredAndLiquidationNet" 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="lab_bap_NewLoansAcquiredAndLiquidationNet" xml:lang="en-US">New loans and liquidation, net</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_NewLoansAcquiredAndLiquidationNet" xlink:to="lab_bap_NewLoansAcquiredAndLiquidationNet" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_NewLoansAcquiredAndLiquidationNet" xml:lang="en-US">New Loans Acquired and Liquidation Net</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReversalAllowanceAccountForCreditLossesOfFinancialAssets" xlink:label="loc_ifrs-full_ReversalAllowanceAccountForCreditLossesOfFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ReversalAllowanceAccountForCreditLossesOfFinancialAssets" 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="lab_ifrs-full_ReversalAllowanceAccountForCreditLossesOfFinancialAssets" xml:lang="en-US">Write-offs</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="lab_ifrs-full_ReversalAllowanceAccountForCreditLossesOfFinancialAssets" xml:lang="en-US">Loan portfolio written-off</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReversalAllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="lab_ifrs-full_ReversalAllowanceAccountForCreditLossesOfFinancialAssets" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SaleOfLoanPortfolio" xlink:label="loc_bap_SaleOfLoanPortfolio" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SaleOfLoanPortfolio" xml:lang="en-US">Sale of Loan Portfolio</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_SaleOfLoanPortfolio" xml:lang="en-US">Sale of loan portfolio</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SaleOfLoanPortfolio" xlink:to="lab_bap_SaleOfLoanPortfolio" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_SaleOfLoanPortfolio" xml:lang="en-US">Sales of Loans Port folio</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ExchangesDifferencesInDirectGrossLoans" xlink:label="loc_bap_ExchangesDifferencesInDirectGrossLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ExchangesDifferencesInDirectGrossLoans" 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="lab_bap_ExchangesDifferencesInDirectGrossLoans" xml:lang="en-US">Exchange differences and others</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ExchangesDifferencesInDirectGrossLoans" xlink:to="lab_bap_ExchangesDifferencesInDirectGrossLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ExchangesDifferencesInDirectGrossLoans" xml:lang="en-US">Exchange Differences</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TransferToStageOne" xlink:label="loc_bap_TransferToStageOne" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TransferToStageOne" xml:lang="en-US">Transfer to Stage One</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_TransferToStageOne" xml:lang="en-US">Transfer to Stage 1</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TransferToStageOne" xlink:to="lab_bap_TransferToStageOne" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_TransferToStageOne" xml:lang="en-US">Transfer to Stage One</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TransferFromStageOne" xlink:label="loc_bap_TransferFromStageOne" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TransferFromStageOne" xml:lang="en-US">Transfer From Stage One</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_TransferFromStageOne" xml:lang="en-US">Transfer from Stage 1</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TransferFromStageOne" xlink:to="lab_bap_TransferFromStageOne" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_TransferFromStageOne" xml:lang="en-US">Trasfer from Stage one</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SegmentOfPortfolioLoansAxis" xlink:label="loc_bap_SegmentOfPortfolioLoansAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SegmentOfPortfolioLoansAxis" xml:lang="en-US">Segment of Portfolio Loans [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SegmentOfPortfolioLoansAxis" xlink:to="lab_bap_SegmentOfPortfolioLoansAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_SegmentOfPortfolioLoansAxis" xml:lang="en-US">Segment of Portfolio Loans</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SegmentOfPortfolioLoansMember" xlink:label="loc_bap_SegmentOfPortfolioLoansMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SegmentOfPortfolioLoansMember" xml:lang="en-US">Segment of Portfolio Loans [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SegmentOfPortfolioLoansMember" xlink:to="lab_bap_SegmentOfPortfolioLoansMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_SegmentOfPortfolioLoansMember" xml:lang="en-US">Segment of Portfolio Loans</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PortfolioOfDirectLoansMember" xlink:label="loc_bap_PortfolioOfDirectLoansMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PortfolioOfDirectLoansMember" xml:lang="en-US">Portfolio of Direct Loans [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PortfolioOfDirectLoansMember" xlink:to="lab_bap_PortfolioOfDirectLoansMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_PortfolioOfDirectLoansMember" xml:lang="en-US">Portfolio of Direct Loans</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets" xlink:label="loc_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets" 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/periodStartLabel" xlink:label="lab_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets" xml:lang="en-US">Balances at the beginning of the period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets" xml:lang="en-US">Balances at the end of the period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets" xml:lang="en-US">Allowance for loan losses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="lab_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ChangesInPDsAndLGDs" xlink:label="loc_bap_ChangesInPDsAndLGDs" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ChangesInPDsAndLGDs" 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="lab_bap_ChangesInPDsAndLGDs" xml:lang="en-US">Changes in PDs, LGDs, EADs</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ChangesInPDsAndLGDs" xlink:to="lab_bap_ChangesInPDsAndLGDs" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ChangesInPDsAndLGDs" xml:lang="en-US">Changes in Allowance</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_EffectsOfAdoptingIFRSNine" xlink:label="loc_bap_EffectsOfAdoptingIFRSNine" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_EffectsOfAdoptingIFRSNine" xml:lang="en-US">Effects of Adopting IFRS Nine</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_EffectsOfAdoptingIFRSNine" xml:lang="en-US">Effect of adopting IFRS 9</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_EffectsOfAdoptingIFRSNine" xlink:to="lab_bap_EffectsOfAdoptingIFRSNine" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_EffectsOfAdoptingIFRSNine" xml:lang="en-US">Effects of IFRS standards on Allowance for Credit Losses</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PortfolioOfDirectAndIndirectLoansMember" xlink:label="loc_bap_PortfolioOfDirectAndIndirectLoansMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PortfolioOfDirectAndIndirectLoansMember" xml:lang="en-US">Portfolio of Direct and Indirect Loans [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PortfolioOfDirectAndIndirectLoansMember" xlink:to="lab_bap_PortfolioOfDirectAndIndirectLoansMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_PortfolioOfDirectAndIndirectLoansMember" xml:lang="en-US">Portfolio of Direct and Indirect Loans</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesAllowanceAccountForCreditLossesOfFinancialAssets" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesAllowanceAccountForCreditLossesOfFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesAllowanceAccountForCreditLossesOfFinancialAssets" xml:lang="en-US">Increase (decrease) through net exchange differences, allowance account for credit losses of financial assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesAllowanceAccountForCreditLossesOfFinancialAssets" xml:lang="en-US">Exchange difference and others</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesAllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesAllowanceAccountForCreditLossesOfFinancialAssets" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NotLaterThanOneYearMember" xlink:label="loc_ifrs-full_NotLaterThanOneYearMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_NotLaterThanOneYearMember" xml:lang="en-US">Not later than one year [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_NotLaterThanOneYearMember" xml:lang="en-US">Up to 1 year [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_NotLaterThanOneYearMember" xml:lang="en-US">Up to 1 year</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NotLaterThanOneYearMember" xlink:to="lab_ifrs-full_NotLaterThanOneYearMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LaterThanThreeMonthsMember" xlink:label="loc_ifrs-full_LaterThanThreeMonthsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_LaterThanThreeMonthsMember" 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="lab_ifrs-full_LaterThanThreeMonthsMember" xml:lang="en-US">Over 90 days [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_ifrs-full_LaterThanThreeMonthsMember" xml:lang="en-US">Up to 3 months</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanThreeMonthsMember" xlink:to="lab_ifrs-full_LaterThanThreeMonthsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InternalOverdueLoansAbstract" xlink:label="loc_bap_InternalOverdueLoansAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InternalOverdueLoansAbstract" xml:lang="en-US">Internal overdue loans [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_InternalOverdueLoansAbstract" xml:lang="en-US">Internal overdue loans -</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InternalOverdueLoansAbstract" xlink:to="lab_bap_InternalOverdueLoansAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AllowanceForDirectLoans" xlink:label="loc_bap_AllowanceForDirectLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AllowanceForDirectLoans" xml:lang="en-US">Allowance For Direct Loans</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AllowanceForDirectLoans" xlink:to="lab_bap_AllowanceForDirectLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AllowanceForDirectLoans" xml:lang="en-US">The amount of allowance for direct loans.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AllowanceForIndirectLoans" xlink:label="loc_bap_AllowanceForIndirectLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AllowanceForIndirectLoans" xml:lang="en-US">Allowance For Indirect Loans</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AllowanceForIndirectLoans" xlink:to="lab_bap_AllowanceForIndirectLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AllowanceForIndirectLoans" xml:lang="en-US">The amount of allowance for indirect loans.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MovementInDirectLoans" xlink:label="loc_bap_MovementInDirectLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MovementInDirectLoans" xml:lang="en-US">Movement in Direct Loans</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MovementInDirectLoans" xlink:to="lab_bap_MovementInDirectLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_MovementInDirectLoans" xml:lang="en-US">Movement in Direct Loans</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MovementInInDirectLoans" xlink:label="loc_bap_MovementInInDirectLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MovementInInDirectLoans" xml:lang="en-US">Movement in InDirect Loans</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MovementInInDirectLoans" xlink:to="lab_bap_MovementInInDirectLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_MovementInInDirectLoans" xml:lang="en-US">Movement in InDirect Loans</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MovementInGrossLoansBankersAcceptance" xlink:label="loc_bap_MovementInGrossLoansBankersAcceptance" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MovementInGrossLoansBankersAcceptance" xml:lang="en-US">Movement in Gross Loans Bankers Acceptance</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MovementInGrossLoansBankersAcceptance" xlink:to="lab_bap_MovementInGrossLoansBankersAcceptance" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_MovementInGrossLoansBankersAcceptance" xml:lang="en-US">Movement in Gross Loans Bankers Acceptance</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_GainOnSaleOfFinancialInvestments" xlink:label="loc_bap_GainOnSaleOfFinancialInvestments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_GainOnSaleOfFinancialInvestments" xml:lang="en-US">Gain on sale of financial investments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_bap_GainOnSaleOfFinancialInvestments" xml:lang="en-US">Net profit on sale of financial investments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_GainOnSaleOfFinancialInvestments" xlink:to="lab_bap_GainOnSaleOfFinancialInvestments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_GainOnSaleOfFinancialInvestments" xml:lang="en-US">The gain on the disposal of investments.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DividendsIntersetAndOthers" xlink:label="loc_bap_DividendsIntersetAndOthers" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DividendsIntersetAndOthers" xml:lang="en-US">DividendsInterset And Others</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_DividendsIntersetAndOthers" xml:lang="en-US">Dividends, interests and others</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DividendsIntersetAndOthers" xlink:to="lab_bap_DividendsIntersetAndOthers" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DividendsIntersetAndOthers" xml:lang="en-US">Income from dividend interest and others</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_GainsOnFinancialAssetsAtFairValue" xlink:label="loc_bap_GainsOnFinancialAssetsAtFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_GainsOnFinancialAssetsAtFairValue" 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="lab_bap_GainsOnFinancialAssetsAtFairValue" xml:lang="en-US">Changes in the fair value of financial assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_GainsOnFinancialAssetsAtFairValue" xlink:to="lab_bap_GainsOnFinancialAssetsAtFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_GainsOnFinancialAssetsAtFairValue" xml:lang="en-US">The amount of gains on financial assets at fair value.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReinsuranceAssets" xlink:label="loc_ifrs-full_ReinsuranceAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ReinsuranceAssets" xml:lang="en-US">Reinsurance assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_ifrs-full_ReinsuranceAssets" xml:lang="en-US">Balances at the beginning of the period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_ifrs-full_ReinsuranceAssets" xml:lang="en-US">Balances at the end of the period</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReinsuranceAssets" xlink:to="lab_ifrs-full_ReinsuranceAssets" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReceiptsFromPremiumsAndClaimsAnnuitiesAndOtherPolicyBenefits" xlink:label="loc_ifrs-full_ReceiptsFromPremiumsAndClaimsAnnuitiesAndOtherPolicyBenefits" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ReceiptsFromPremiumsAndClaimsAnnuitiesAndOtherPolicyBenefits" 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="lab_ifrs-full_ReceiptsFromPremiumsAndClaimsAnnuitiesAndOtherPolicyBenefits" xml:lang="en-US">Reported claims of premiums ceded, Note 25</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReceiptsFromPremiumsAndClaimsAnnuitiesAndOtherPolicyBenefits" xlink:to="lab_ifrs-full_ReceiptsFromPremiumsAndClaimsAnnuitiesAndOtherPolicyBenefits" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseInProvisionForUnearnedPremium" xlink:label="loc_ifrs-full_IncreaseDecreaseInProvisionForUnearnedPremium" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncreaseDecreaseInProvisionForUnearnedPremium" 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="lab_ifrs-full_IncreaseDecreaseInProvisionForUnearnedPremium" xml:lang="en-US">Premiums ceded unearned during the year, Note 24</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInProvisionForUnearnedPremium" xlink:to="lab_ifrs-full_IncreaseDecreaseInProvisionForUnearnedPremium" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PremiumsAssumed" xlink:label="loc_bap_PremiumsAssumed" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PremiumsAssumed" xml:lang="en-US">Premiums assumed</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PremiumsAssumed" xlink:to="lab_bap_PremiumsAssumed" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_PremiumsAssumed" xml:lang="en-US">The amount of premiums assumed and yet to receivable.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SettledClaimsOfPremiumsCededByFacultativeContracts" xlink:label="loc_bap_SettledClaimsOfPremiumsCededByFacultativeContracts" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SettledClaimsOfPremiumsCededByFacultativeContracts" 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="lab_bap_SettledClaimsOfPremiumsCededByFacultativeContracts" xml:lang="en-US">Settled claims of premiums ceded by reinsurance contracts</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SettledClaimsOfPremiumsCededByFacultativeContracts" xlink:to="lab_bap_SettledClaimsOfPremiumsCededByFacultativeContracts" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_SettledClaimsOfPremiumsCededByFacultativeContracts" xml:lang="en-US">The amount of settled claims of premiums ceded by facultative contracts.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CollectionsAndOthersnet" xlink:label="loc_bap_CollectionsAndOthersnet" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CollectionsAndOthersnet" xml:lang="en-US">Collections and others,net</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_CollectionsAndOthersnet" xml:lang="en-US">Collections and others, net</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CollectionsAndOthersnet" xlink:to="lab_bap_CollectionsAndOthersnet" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_CollectionsAndOthersnet" xml:lang="en-US">The amount of accounts receivables from reinsurers and co-insurers reduced by collections during the period.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PremiumsCededForAutomaticContracts" xlink:label="loc_bap_PremiumsCededForAutomaticContracts" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PremiumsCededForAutomaticContracts" 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="lab_bap_PremiumsCededForAutomaticContracts" xml:lang="en-US">Premiums ceded for automatic contracts (mainly excess of loss), Note 24</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PremiumsCededForAutomaticContracts" xlink:to="lab_bap_PremiumsCededForAutomaticContracts" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_PremiumsCededForAutomaticContracts" xml:lang="en-US">Its represent amount of premiums ceded for automatic contracts.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AcquisitionsThroughBusinessCombinationsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xlink:label="loc_ifrs-full_AcquisitionsThroughBusinessCombinationsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" 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="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xml:lang="en-US">Premiums ceded to reinsurers in facultative contracts, Note 24</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AcquisitionsThroughBusinessCombinationsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xlink:to="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" 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="lab_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xml:lang="en-US">Coinsurance granted</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughOtherChangesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PaymentsAndOtherNet" xlink:label="loc_bap_PaymentsAndOtherNet" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PaymentsAndOtherNet" xml:lang="en-US">Payments and other, net</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_PaymentsAndOtherNet" xml:lang="en-US">Payments and other, net</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PaymentsAndOtherNet" xlink:to="lab_bap_PaymentsAndOtherNet" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_PaymentsAndOtherNet" xml:lang="en-US">Its represent amount of payments and other, net.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureofinsurancecontractsexplanatoryTable" xlink:label="loc_bap_DisclosureofinsurancecontractsexplanatoryTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureofinsurancecontractsexplanatoryTable" xml:lang="en-US">DisclosureOfInsuranceContractsExplanatory [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureofinsurancecontractsexplanatoryTable" xlink:to="lab_bap_DisclosureofinsurancecontractsexplanatoryTable" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InsuranceMember" xlink:label="loc_bap_InsuranceMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InsuranceMember" xml:lang="en-US">Insurance [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InsuranceMember" xlink:to="lab_bap_InsuranceMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureofinsurancecontractsexplanatoryLineItems" xlink:label="loc_bap_DisclosureofinsurancecontractsexplanatoryLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureofinsurancecontractsexplanatoryLineItems" xml:lang="en-US">DisclosureOfInsuranceContractsExplanatory [Line Items]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_DisclosureofinsurancecontractsexplanatoryLineItems" xml:lang="en-US">Disclosure Of Insurance Contracts Explanatory [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureofinsurancecontractsexplanatoryLineItems" xlink:to="lab_bap_DisclosureofinsurancecontractsexplanatoryLineItems" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_UnearnedPortionOfPremiumsCededToReinsurers" xlink:label="loc_bap_UnearnedPortionOfPremiumsCededToReinsurers" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_UnearnedPortionOfPremiumsCededToReinsurers" xml:lang="en-US">Unearned portion of premiums ceded to reinsurers</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_UnearnedPortionOfPremiumsCededToReinsurers" xlink:to="lab_bap_UnearnedPortionOfPremiumsCededToReinsurers" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_UnearnedPortionOfPremiumsCededToReinsurers" xml:lang="en-US">The unearned portion of the premiums ceded to the reinsurers.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfPropertyFurnitureAndEquipmentNetTable" xlink:label="loc_bap_DisclosureOfPropertyFurnitureAndEquipmentNetTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfPropertyFurnitureAndEquipmentNetTable" xml:lang="en-US">Disclosure of Property, Furniture And Equipment, Net [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfPropertyFurnitureAndEquipmentNetTable" xlink:to="lab_bap_DisclosureOfPropertyFurnitureAndEquipmentNetTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfPropertyFurnitureAndEquipmentNetTable" xml:lang="en-US">The disclosure of property, furniture and equipment, net.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:label="loc_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xml:lang="en-US">Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:to="lab_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CarryingAmountMember" xlink:label="loc_ifrs-full_CarryingAmountMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CarryingAmountMember" xml:lang="en-US">Carrying amount [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CarryingAmountMember" xlink:to="lab_ifrs-full_CarryingAmountMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AccumulatedDepreciationAndAmortisationMember" xlink:label="loc_ifrs-full_AccumulatedDepreciationAndAmortisationMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AccumulatedDepreciationAndAmortisationMember" xml:lang="en-US">Accumulated depreciation and amortisation [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_ifrs-full_AccumulatedDepreciationAndAmortisationMember" xml:lang="en-US">Accumulated depreciation and amortization [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_AccumulatedDepreciationAndAmortisationMember" xml:lang="en-US">Accumulated depreciation</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AccumulatedDepreciationAndAmortisationMember" xlink:to="lab_ifrs-full_AccumulatedDepreciationAndAmortisationMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CostMember" xlink:label="loc_bap_CostMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CostMember" xml:lang="en-US">Cost [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CostMember" xlink:to="lab_bap_CostMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LandMember" xlink:label="loc_ifrs-full_LandMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_LandMember" xml:lang="en-US">Land [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_LandMember" xml:lang="en-US">Lands</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LandMember" xlink:to="lab_ifrs-full_LandMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ConstructionInProgressMember" xlink:label="loc_ifrs-full_ConstructionInProgressMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ConstructionInProgressMember" xml:lang="en-US">Construction in Progress [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ConstructionInProgressMember" xml:lang="en-US">Work in progress [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ConstructionInProgressMember" xlink:to="lab_ifrs-full_ConstructionInProgressMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FurnitureAndFixtureMember" xlink:label="loc_bap_FurnitureAndFixtureMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FurnitureAndFixtureMember" xml:lang="en-US">furniture and fixture [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_FurnitureAndFixtureMember" xml:lang="en-US">Furniture and fixture [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FurnitureAndFixtureMember" xlink:to="lab_bap_FurnitureAndFixtureMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfPropertyFurnitureAndEquipmentNetLineItems" xlink:label="loc_bap_DisclosureOfPropertyFurnitureAndEquipmentNetLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfPropertyFurnitureAndEquipmentNetLineItems" xml:lang="en-US">Disclosure of Property, Furniture And Equipment, Net [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfPropertyFurnitureAndEquipmentNetLineItems" xlink:to="lab_bap_DisclosureOfPropertyFurnitureAndEquipmentNetLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DisclosureOfPropertyFurnitureAndEquipmentNetLineItems" xml:lang="en-US">The disclosure of property, furniture and equipment, net.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ChangesInPropertyPlantAndEquipmentAbstract" xlink:label="loc_ifrs-full_ChangesInPropertyPlantAndEquipmentAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ChangesInPropertyPlantAndEquipmentAbstract" xml:lang="en-US">Changes in property, plant and equipment [abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ChangesInPropertyPlantAndEquipmentAbstract" xlink:to="lab_ifrs-full_ChangesInPropertyPlantAndEquipmentAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:label="loc_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" 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="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xml:lang="en-US">Additions</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" 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="lab_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" xml:lang="en-US">Transfers</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:label="loc_ifrs-full_DepreciationPropertyPlantAndEquipment" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DepreciationPropertyPlantAndEquipment" 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="lab_ifrs-full_DepreciationPropertyPlantAndEquipment" xml:lang="en-US">Depreciation for the year</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_DepreciationPropertyPlantAndEquipment" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment" xlink:label="loc_ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment" 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="lab_ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment" xml:lang="en-US">Disposals and others</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfIntangibleAssetsTable" xlink:label="loc_ifrs-full_DisclosureOfIntangibleAssetsTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfIntangibleAssetsTable" xml:lang="en-US">Disclosure of detailed information about intangible assets [table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfIntangibleAssetsTable" xlink:to="lab_ifrs-full_DisclosureOfIntangibleAssetsTable" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis" xlink:label="loc_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis" xml:lang="en-US">Classes of intangible assets and goodwill [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis" xlink:to="lab_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IntangibleAssetsAndGoodwillMember" xlink:label="loc_ifrs-full_IntangibleAssetsAndGoodwillMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IntangibleAssetsAndGoodwillMember" xml:lang="en-US">Intangible assets and goodwill [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IntangibleAssetsAndGoodwillMember" xlink:to="lab_ifrs-full_IntangibleAssetsAndGoodwillMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CustomerrelatedIntangibleAssetsMember" xlink:label="loc_ifrs-full_CustomerrelatedIntangibleAssetsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CustomerrelatedIntangibleAssetsMember" xml:lang="en-US">Customer-Related Intangible Assets [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_CustomerrelatedIntangibleAssetsMember" xml:lang="en-US">Client Relationships [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CustomerrelatedIntangibleAssetsMember" xlink:to="lab_ifrs-full_CustomerrelatedIntangibleAssetsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRightsMember" xlink:label="loc_ifrs-full_CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRightsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRightsMember" xml:lang="en-US">Copyrights, patents and other industrial property rights, service and operating rights [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRightsMember" xml:lang="en-US">Rights of use [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRightsMember" xlink:to="lab_ifrs-full_CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRightsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BrandNamesMember" xlink:label="loc_ifrs-full_BrandNamesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_BrandNamesMember" xml:lang="en-US">Brand names [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_BrandNamesMember" xml:lang="en-US">Brand name [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BrandNamesMember" xlink:to="lab_ifrs-full_BrandNamesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FundManagerContractMember" xlink:label="loc_bap_FundManagerContractMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FundManagerContractMember" xml:lang="en-US">Fund manager contract [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FundManagerContractMember" xlink:to="lab_bap_FundManagerContractMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CoreDepositsIntangibleMember" xlink:label="loc_bap_CoreDepositsIntangibleMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CoreDepositsIntangibleMember" xml:lang="en-US">Core deposits intangible [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CoreDepositsIntangibleMember" xlink:to="lab_bap_CoreDepositsIntangibleMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ComputerSoftwareMember" xlink:label="loc_ifrs-full_ComputerSoftwareMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ComputerSoftwareMember" xml:lang="en-US">Computer software [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ComputerSoftwareMember" xml:lang="en-US">Software and developments [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComputerSoftwareMember" xlink:to="lab_ifrs-full_ComputerSoftwareMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IntangibleAssetsUnderDevelopmentMember" xlink:label="loc_ifrs-full_IntangibleAssetsUnderDevelopmentMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IntangibleAssetsUnderDevelopmentMember" xml:lang="en-US">Intangible assets under development [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_IntangibleAssetsUnderDevelopmentMember" xml:lang="en-US">Intangible in progress [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IntangibleAssetsUnderDevelopmentMember" xlink:to="lab_ifrs-full_IntangibleAssetsUnderDevelopmentMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GrossCarryingAmountMember" xlink:label="loc_ifrs-full_GrossCarryingAmountMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_GrossCarryingAmountMember" xml:lang="en-US">Gross carrying amount [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_GrossCarryingAmountMember" xml:lang="en-US">Cost [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_GrossCarryingAmountMember" xml:lang="en-US">Cost</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GrossCarryingAmountMember" xlink:to="lab_ifrs-full_GrossCarryingAmountMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AccumulatedAmortisationMember" xlink:label="loc_bap_AccumulatedAmortisationMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AccumulatedAmortisationMember" xml:lang="en-US">Accumulated amortisation [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_AccumulatedAmortisationMember" xml:lang="en-US">Accumulated amortization [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AccumulatedAmortisationMember" xlink:to="lab_bap_AccumulatedAmortisationMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfIntangibleAssetsLineItems" xlink:label="loc_ifrs-full_DisclosureOfIntangibleAssetsLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfIntangibleAssetsLineItems" xml:lang="en-US">Disclosure of detailed information about intangible assets [line items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfIntangibleAssetsLineItems" xlink:to="lab_ifrs-full_DisclosureOfIntangibleAssetsLineItems" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:label="loc_ifrs-full_IntangibleAssetsOtherThanGoodwill" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill" xml:lang="en-US">Intangible assets other than goodwill</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill" xml:lang="en-US">Beginning Period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill" xml:lang="en-US">End Period</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:to="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:label="loc_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" 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/verboseLabel" xlink:label="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xml:lang="en-US">Additions</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:to="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill" 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="lab_ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill" xml:lang="en-US">Transfers</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:label="loc_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" 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="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xml:lang="en-US">Amortization of the year</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:to="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisposalsAndRetirementsIntangibleAssetsOtherThanGoodwill" xlink:label="loc_ifrs-full_DisposalsAndRetirementsIntangibleAssetsOtherThanGoodwill" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisposalsAndRetirementsIntangibleAssetsOtherThanGoodwill" xml:lang="en-US">Disposals and retirements, intangible assets other than goodwill</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_DisposalsAndRetirementsIntangibleAssetsOtherThanGoodwill" xml:lang="en-US">Disposals and others</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisposalsAndRetirementsIntangibleAssetsOtherThanGoodwill" xlink:to="lab_ifrs-full_DisposalsAndRetirementsIntangibleAssetsOtherThanGoodwill" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PrimaAfpAfpUnionVidaMember" xlink:label="loc_bap_PrimaAfpAfpUnionVidaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PrimaAfpAfpUnionVidaMember" xml:lang="en-US">Prima AFP - AFP Union Vida [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_PrimaAfpAfpUnionVidaMember" xml:lang="en-US">Prima AFP - AFP Uni&#243;n Vida [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PrimaAfpAfpUnionVidaMember" xlink:to="lab_bap_PrimaAfpAfpUnionVidaMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MibancoEdyficarPeruMember" xlink:label="loc_bap_MibancoEdyficarPeruMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MibancoEdyficarPeruMember" xml:lang="en-US">Mibanco edyficar peru [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_MibancoEdyficarPeruMember" xml:lang="en-US">Mibanco - Edyficar Peru [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_MibancoEdyficarPeruMember" xml:lang="en-US">Mibanco - Edyficar Per&#250; [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MibancoEdyficarPeruMember" xlink:to="lab_bap_MibancoEdyficarPeruMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CredicorpCapitalHoldingChileInversionesIMTMember" xlink:label="loc_bap_CredicorpCapitalHoldingChileInversionesIMTMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CredicorpCapitalHoldingChileInversionesIMTMember" xml:lang="en-US">Credicorp Capital Holding Chile Inversiones IMT [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_CredicorpCapitalHoldingChileInversionesIMTMember" xml:lang="en-US">Credicorp Capital Holding Chile - Inversiones IMT [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CredicorpCapitalHoldingChileInversionesIMTMember" xlink:to="lab_bap_CredicorpCapitalHoldingChileInversionesIMTMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ClientRelationshipsMember" xlink:label="loc_bap_ClientRelationshipsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ClientRelationshipsMember" xml:lang="en-US">Client relationships [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ClientRelationshipsMember" xlink:to="lab_bap_ClientRelationshipsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InversionersImtMember" xlink:label="loc_bap_InversionersImtMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InversionersImtMember" xml:lang="en-US">Inversioners IMT [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_bap_InversionersImtMember" xml:lang="en-US">Credicorp Capital Holding Chile - Inversiones IMT [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_InversionersImtMember" xml:lang="en-US">Inversiones IMT [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InversionersImtMember" xlink:to="lab_bap_InversionersImtMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_EdyficarYMibancoMember" xlink:label="loc_bap_EdyficarYMibancoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_EdyficarYMibancoMember" xml:lang="en-US">Edyficar y Mibanco [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_EdyficarYMibancoMember" xml:lang="en-US">Mibanco - Edyficar Peru [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_EdyficarYMibancoMember" xlink:to="lab_bap_EdyficarYMibancoMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BancoDeCreditoDelPeruMember" xlink:label="loc_bap_BancoDeCreditoDelPeruMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BancoDeCreditoDelPeruMember" xml:lang="en-US">Banco De Credito Del Peru [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_BancoDeCreditoDelPeruMember" xml:lang="en-US">Banco de Cr&#233;dito del Per&#250; [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_BancoDeCreditoDelPeruMember" xml:lang="en-US">Banco de Cr&#233;dito del Per&#250; [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/commentaryGuidance" xlink:label="lab_bap_BancoDeCreditoDelPeruMember" xml:lang="en-US">Banco de Cr&#233;dito del Per&#250; [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BancoDeCreditoDelPeruMember" xlink:to="lab_bap_BancoDeCreditoDelPeruMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AtlanticSecurityHoldingCorporationMember" xlink:label="loc_bap_AtlanticSecurityHoldingCorporationMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AtlanticSecurityHoldingCorporationMember" xml:lang="en-US">Atlantic Security Holding Corporation [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_AtlanticSecurityHoldingCorporationMember" xml:lang="en-US">Atlantic Security Holding Corporation [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AtlanticSecurityHoldingCorporationMember" xlink:to="lab_bap_AtlanticSecurityHoldingCorporationMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PacificoSegurosMember" xlink:label="loc_bap_PacificoSegurosMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PacificoSegurosMember" xml:lang="en-US">Pacifico Seguros [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_PacificoSegurosMember" xml:lang="en-US">Pac&#237;fico Seguros [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PacificoSegurosMember" xlink:to="lab_bap_PacificoSegurosMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CrediseguroSegurosPersonalesMember" xlink:label="loc_bap_CrediseguroSegurosPersonalesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CrediseguroSegurosPersonalesMember" xml:lang="en-US">Crediseguro Seguros Personales [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CrediseguroSegurosPersonalesMember" xlink:to="lab_bap_CrediseguroSegurosPersonalesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfGoodwillLineItems" xlink:label="loc_bap_DisclosureOfGoodwillLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfGoodwillLineItems" xml:lang="en-US">Disclosure Of Goodwill [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfGoodwillLineItems" xlink:to="lab_bap_DisclosureOfGoodwillLineItems" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_Goodwill" xlink:label="loc_ifrs-full_Goodwill" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_Goodwill" xml:lang="en-US">Goodwill</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Goodwill" xlink:to="lab_ifrs-full_Goodwill" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis" xlink:label="loc_ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis" xml:lang="en-US">Cash-generating units [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis" xlink:to="lab_ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EntitysTotalForCashgeneratingUnitsMember" xlink:label="loc_ifrs-full_EntitysTotalForCashgeneratingUnitsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_EntitysTotalForCashgeneratingUnitsMember" xml:lang="en-US">Entity's total for cash-generating units [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EntitysTotalForCashgeneratingUnitsMember" xlink:to="lab_ifrs-full_EntitysTotalForCashgeneratingUnitsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FeesOneMember" xlink:label="loc_bap_FeesOneMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FeesOneMember" xml:lang="en-US">Fees One [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FeesOneMember" xlink:to="lab_bap_FeesOneMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FeesTwoMember" xlink:label="loc_bap_FeesTwoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FeesTwoMember" xml:lang="en-US">Fees Two [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FeesTwoMember" xlink:to="lab_bap_FeesTwoMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xlink:label="loc_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xml:lang="en-US">Growth rate used to extrapolate cash flow projections</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xlink:to="lab_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DiscountRateUsedInCurrentMeasurementOfFairValueLessCostsOfDisposal" xlink:label="loc_ifrs-full_DiscountRateUsedInCurrentMeasurementOfFairValueLessCostsOfDisposal" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DiscountRateUsedInCurrentMeasurementOfFairValueLessCostsOfDisposal" xml:lang="en-US">Discount rate used in current measurement of fair value less costs of disposal</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DiscountRateUsedInCurrentMeasurementOfFairValueLessCostsOfDisposal" xlink:to="lab_ifrs-full_DiscountRateUsedInCurrentMeasurementOfFairValueLessCostsOfDisposal" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ImpairmentLoss" xlink:label="loc_ifrs-full_ImpairmentLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ImpairmentLoss" xml:lang="en-US">Impairment loss</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ImpairmentLoss" xlink:to="lab_ifrs-full_ImpairmentLoss" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherAssetsAndOtherLiabilitiesTable" xlink:label="loc_bap_OtherAssetsAndOtherLiabilitiesTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherAssetsAndOtherLiabilitiesTable" xml:lang="en-US">Other Assets And Other Liabilities [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherAssetsAndOtherLiabilitiesTable" xlink:to="lab_bap_OtherAssetsAndOtherLiabilitiesTable" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherAssetsAndOtherLiabilitiesAxis" xlink:label="loc_bap_OtherAssetsAndOtherLiabilitiesAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherAssetsAndOtherLiabilitiesAxis" xml:lang="en-US">Other Assets And Other Liabilities [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherAssetsAndOtherLiabilitiesAxis" xlink:to="lab_bap_OtherAssetsAndOtherLiabilitiesAxis" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherAssetsAndOtherLiabilitiesDomain" xlink:label="loc_bap_OtherAssetsAndOtherLiabilitiesDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherAssetsAndOtherLiabilitiesDomain" xml:lang="en-US">Other Assets And Other Liabilities [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherAssetsAndOtherLiabilitiesDomain" xlink:to="lab_bap_OtherAssetsAndOtherLiabilitiesDomain" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherAssetAndOtherLiabilitiesLineItems" xlink:label="loc_bap_OtherAssetAndOtherLiabilitiesLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherAssetAndOtherLiabilitiesLineItems" xml:lang="en-US">Other Asset And Other Liabilities [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherAssetAndOtherLiabilitiesLineItems" xlink:to="lab_bap_OtherAssetAndOtherLiabilitiesLineItems" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherAssetAbstract" xlink:label="loc_bap_OtherAssetAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherAssetAbstract" xml:lang="en-US">Other asset [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_OtherAssetAbstract" xml:lang="en-US">Other assets -</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherAssetAbstract" xlink:to="lab_bap_OtherAssetAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CategoriesOfFinancialAssetsAbstract" xlink:label="loc_ifrs-full_CategoriesOfFinancialAssetsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CategoriesOfFinancialAssetsAbstract" 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="lab_ifrs-full_CategoriesOfFinancialAssetsAbstract" xml:lang="en-US">Financial instruments:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CategoriesOfFinancialAssetsAbstract" xlink:to="lab_ifrs-full_CategoriesOfFinancialAssetsAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_Receivables" xlink:label="loc_bap_Receivables" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_Receivables" xml:lang="en-US">Receivables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_Receivables" xml:lang="en-US">Receivables</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_Receivables" xlink:to="lab_bap_Receivables" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_Receivables" xml:lang="en-US">The amount of receivables by the entity.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherDerivativeFinancialAssets" xlink:label="loc_bap_OtherDerivativeFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherDerivativeFinancialAssets" xml:lang="en-US">Other Derivative Financial Assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_OtherDerivativeFinancialAssets" xml:lang="en-US">Derivatives receivable</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherDerivativeFinancialAssets" xlink:to="lab_bap_OtherDerivativeFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_OtherDerivativeFinancialAssets" xml:lang="en-US">The amount of other financial assets classified as derivative instruments.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OperationsInProcess" xlink:label="loc_bap_OperationsInProcess" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OperationsInProcess" xml:lang="en-US">Operations in process</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_OperationsInProcess" xml:lang="en-US">Operations in process</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OperationsInProcess" xlink:to="lab_bap_OperationsInProcess" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_OperationsInProcess" xml:lang="en-US">The amount of operations which are in process capitalised for the period.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherFinancialAssets" xlink:label="loc_ifrs-full_OtherFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_OtherFinancialAssets" xml:lang="en-US">Other financial assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_OtherFinancialAssets" xml:lang="en-US">Financial instruments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_OtherFinancialAssets" xml:lang="en-US">Other assets, note 12</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_OtherFinancialAssets" xml:lang="en-US">Other assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherFinancialAssets" xlink:to="lab_ifrs-full_OtherFinancialAssets" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CategoriesOfNonFinancialAssetsAbstract" xlink:label="loc_bap_CategoriesOfNonFinancialAssetsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CategoriesOfNonFinancialAssetsAbstract" 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="lab_bap_CategoriesOfNonFinancialAssetsAbstract" xml:lang="en-US">Non-financial instruments:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CategoriesOfNonFinancialAssetsAbstract" xlink:to="lab_bap_CategoriesOfNonFinancialAssetsAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NetDeferredTaxAssets" xlink:label="loc_ifrs-full_NetDeferredTaxAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_NetDeferredTaxAssets" xml:lang="en-US">Net deferred tax assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_NetDeferredTaxAssets" xml:lang="en-US">Deferred income tax asset, Note 18</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetDeferredTaxAssets" xlink:to="lab_ifrs-full_NetDeferredTaxAssets" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InvestmentsInAssociates" xlink:label="loc_ifrs-full_InvestmentsInAssociates" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_InvestmentsInAssociates" xml:lang="en-US">Investments in associates</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_InvestmentsInAssociates" xml:lang="en-US">Investment in associates</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InvestmentsInAssociates" xlink:to="lab_ifrs-full_InvestmentsInAssociates" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InvestmentProperty" xlink:label="loc_ifrs-full_InvestmentProperty" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_InvestmentProperty" xml:lang="en-US">Investment property</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_InvestmentProperty" xml:lang="en-US">Investment properties, net</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_ifrs-full_InvestmentProperty" xml:lang="en-US">Begining Balance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_ifrs-full_InvestmentProperty" xml:lang="en-US">Ending Balance</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InvestmentProperty" xlink:to="lab_ifrs-full_InvestmentProperty" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DeferredFees" xlink:label="loc_bap_DeferredFees" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DeferredFees" xml:lang="en-US">Deferred fees</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_DeferredFees" xml:lang="en-US">Deferred fees</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DeferredFees" xlink:to="lab_bap_DeferredFees" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DeferredFees" xml:lang="en-US">The carryingamount of deferredfees.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_Prepayments" xlink:label="loc_ifrs-full_Prepayments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_Prepayments" xml:lang="en-US">Prepayments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_Prepayments" xml:lang="en-US">Income tax prepayments, net</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Prepayments" xlink:to="lab_ifrs-full_Prepayments" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SeizedAssets" xlink:label="loc_bap_SeizedAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SeizedAssets" xml:lang="en-US">Seized assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_SeizedAssets" xml:lang="en-US">Seized assets, net</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SeizedAssets" xlink:to="lab_bap_SeizedAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_SeizedAssets" xml:lang="en-US">The amount of assets which are seized or forfeited by state.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ValueAddedTaxReceivables" xlink:label="loc_ifrs-full_ValueAddedTaxReceivables" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ValueAddedTaxReceivables" xml:lang="en-US">Value added tax receivables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ValueAddedTaxReceivables" xml:lang="en-US">VAT (IGV) tax credit</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ValueAddedTaxReceivables" xlink:to="lab_ifrs-full_ValueAddedTaxReceivables" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MiscellaneousOtherNonfinancialAssets" xlink:label="loc_bap_MiscellaneousOtherNonfinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MiscellaneousOtherNonfinancialAssets" 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="lab_bap_MiscellaneousOtherNonfinancialAssets" xml:lang="en-US">Others</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MiscellaneousOtherNonfinancialAssets" xlink:to="lab_bap_MiscellaneousOtherNonfinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_MiscellaneousOtherNonfinancialAssets" xml:lang="en-US">The amount of Miscellaneous other non financial assets.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherNonfinancialAssets" xlink:label="loc_ifrs-full_OtherNonfinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_OtherNonfinancialAssets" xml:lang="en-US">Other non-financial assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_OtherNonfinancialAssets" xml:lang="en-US">Others Non-financial Assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherNonfinancialAssets" xlink:to="lab_ifrs-full_OtherNonfinancialAssets" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OthersLiabilitiesAbstract" xlink:label="loc_bap_OthersLiabilitiesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OthersLiabilitiesAbstract" xml:lang="en-US">Others liabilities [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_OthersLiabilitiesAbstract" xml:lang="en-US">Other liabilities -</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OthersLiabilitiesAbstract" xlink:to="lab_bap_OthersLiabilitiesAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CategoriesOfFinancialLiabilitiesAbstract" xlink:label="loc_ifrs-full_CategoriesOfFinancialLiabilitiesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CategoriesOfFinancialLiabilitiesAbstract" xml:lang="en-US">Categories of financial liabilities [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_CategoriesOfFinancialLiabilitiesAbstract" xml:lang="en-US">Financial instruments:</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_CategoriesOfFinancialLiabilitiesAbstract" xml:lang="en-US">Financial liabilities by type</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CategoriesOfFinancialLiabilitiesAbstract" xlink:to="lab_ifrs-full_CategoriesOfFinancialLiabilitiesAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TradeAndOtherPayablesToTradeSuppliers" xlink:label="loc_ifrs-full_TradeAndOtherPayablesToTradeSuppliers" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_TradeAndOtherPayablesToTradeSuppliers" xml:lang="en-US">Trade payables</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_TradeAndOtherPayablesToTradeSuppliers" xml:lang="en-US">Accounts payable</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeAndOtherPayablesToTradeSuppliers" xlink:to="lab_ifrs-full_TradeAndOtherPayablesToTradeSuppliers" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherDerivativeFinancialLiabilities" xlink:label="loc_bap_OtherDerivativeFinancialLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherDerivativeFinancialLiabilities" xml:lang="en-US">Other Derivative Financial Liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_OtherDerivativeFinancialLiabilities" xml:lang="en-US">Derivatives payable</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherDerivativeFinancialLiabilities" xlink:to="lab_bap_OtherDerivativeFinancialLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_OtherDerivativeFinancialLiabilities" xml:lang="en-US">The amount of other financial liabilities classified as derivative instruments.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SalariesAndOtherPersonnelExpensesPayable" xlink:label="loc_bap_SalariesAndOtherPersonnelExpensesPayable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SalariesAndOtherPersonnelExpensesPayable" 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="lab_bap_SalariesAndOtherPersonnelExpensesPayable" xml:lang="en-US">Salaries and other personnel expenses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SalariesAndOtherPersonnelExpensesPayable" xlink:to="lab_bap_SalariesAndOtherPersonnelExpensesPayable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_SalariesAndOtherPersonnelExpensesPayable" xml:lang="en-US">Them salary and other personnel expenses due to employees for services used in the entity's business.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AllowanceForIndirectLoanLosses" xlink:label="loc_bap_AllowanceForIndirectLoanLosses" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AllowanceForIndirectLoanLosses" 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="lab_bap_AllowanceForIndirectLoanLosses" xml:lang="en-US">Allowance for indirect loan losses, Note 7</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AllowanceForIndirectLoanLosses" xlink:to="lab_bap_AllowanceForIndirectLoanLosses" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AllowanceForIndirectLoanLosses" xml:lang="en-US">The amount of allowance for indirect loan losses.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AdvancesReceivedForOperationsInProcess" xlink:label="loc_bap_AdvancesReceivedForOperationsInProcess" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AdvancesReceivedForOperationsInProcess" 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="lab_bap_AdvancesReceivedForOperationsInProcess" xml:lang="en-US">Operations in process</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AdvancesReceivedForOperationsInProcess" xlink:to="lab_bap_AdvancesReceivedForOperationsInProcess" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AdvancesReceivedForOperationsInProcess" xml:lang="en-US">The amount of advances received by the entity before the related operations is performed.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherFinancialLiabilities" xlink:label="loc_ifrs-full_OtherFinancialLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_OtherFinancialLiabilities" xml:lang="en-US">Other financial liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_OtherFinancialLiabilities" xml:lang="en-US">Other financial liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_OtherFinancialLiabilities" xml:lang="en-US">Other liabilities, note 12</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherFinancialLiabilities" xlink:to="lab_ifrs-full_OtherFinancialLiabilities" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CategoriesOfNonFinancialLiabilitiesAbstract" xlink:label="loc_bap_CategoriesOfNonFinancialLiabilitiesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CategoriesOfNonFinancialLiabilitiesAbstract" 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="lab_bap_CategoriesOfNonFinancialLiabilitiesAbstract" xml:lang="en-US">Non-financial instruments:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CategoriesOfNonFinancialLiabilitiesAbstract" xlink:to="lab_bap_CategoriesOfNonFinancialLiabilitiesAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentTaxLiabilities" xlink:label="loc_ifrs-full_CurrentTaxLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CurrentTaxLiabilities" xml:lang="en-US">Current tax liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_CurrentTaxLiabilities" xml:lang="en-US">Taxes</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentTaxLiabilities" xlink:to="lab_ifrs-full_CurrentTaxLiabilities" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NetDeferredTaxLiabilities" xlink:label="loc_ifrs-full_NetDeferredTaxLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_NetDeferredTaxLiabilities" xml:lang="en-US">Net deferred tax liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_NetDeferredTaxLiabilities" xml:lang="en-US">Deferred income tax, Note 18</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetDeferredTaxLiabilities" xlink:to="lab_ifrs-full_NetDeferredTaxLiabilities" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherProvisions" xlink:label="loc_ifrs-full_OtherProvisions" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_OtherProvisions" xml:lang="en-US">Other provisions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_OtherProvisions" xml:lang="en-US">Provision for sundry risks</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_ifrs-full_OtherProvisions" xml:lang="en-US">Balance at the beginning of the year</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_ifrs-full_OtherProvisions" xml:lang="en-US">Balances</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherProvisions" xlink:to="lab_ifrs-full_OtherProvisions" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherNonfinancialLiabilities" xlink:label="loc_ifrs-full_OtherNonfinancialLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_OtherNonfinancialLiabilities" xml:lang="en-US">Other non-financial liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_OtherNonfinancialLiabilities" xml:lang="en-US">Others</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherNonfinancialLiabilities" xlink:to="lab_ifrs-full_OtherNonfinancialLiabilities" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_NonFinancialLiabilities" xlink:label="loc_bap_NonFinancialLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_NonFinancialLiabilities" xml:lang="en-US">Non financial liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_bap_NonFinancialLiabilities" xml:lang="en-US">Non financial liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_NonFinancialLiabilities" xlink:to="lab_bap_NonFinancialLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_NonFinancialLiabilities" xml:lang="en-US">The amount of non financial liabilities.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfOtherAssetsAndOtherLiabilitiesTable" xlink:label="loc_bap_DisclosureOfOtherAssetsAndOtherLiabilitiesTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfOtherAssetsAndOtherLiabilitiesTable" xml:lang="en-US">Disclosure of Other Assets And Other Liabilities [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfOtherAssetsAndOtherLiabilitiesTable" xlink:to="lab_bap_DisclosureOfOtherAssetsAndOtherLiabilitiesTable" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ForwardForeignExchangeContractsOneMember" xlink:label="loc_bap_ForwardForeignExchangeContractsOneMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ForwardForeignExchangeContractsOneMember" xml:lang="en-US">Forward foreign exchange contracts one [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ForwardForeignExchangeContractsOneMember" xlink:to="lab_bap_ForwardForeignExchangeContractsOneMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InterestRateSwapContractMember" xlink:label="loc_ifrs-full_InterestRateSwapContractMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_InterestRateSwapContractMember" 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="lab_ifrs-full_InterestRateSwapContractMember" xml:lang="en-US">Interest rate swaps</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestRateSwapContractMember" xlink:to="lab_ifrs-full_InterestRateSwapContractMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrencySwapContractMember" xlink:label="loc_ifrs-full_CurrencySwapContractMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CurrencySwapContractMember" xml:lang="en-US">Currency swap contract [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_CurrencySwapContractMember" xml:lang="en-US">Currency swaps</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrencySwapContractMember" xlink:to="lab_ifrs-full_CurrencySwapContractMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InterestRateSwapContractOneMember" xlink:label="loc_bap_InterestRateSwapContractOneMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InterestRateSwapContractOneMember" xml:lang="en-US">Interest rate swap contract one [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InterestRateSwapContractOneMember" xlink:to="lab_bap_InterestRateSwapContractOneMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InterestRateSwapContractTwoMember" xlink:label="loc_bap_InterestRateSwapContractTwoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InterestRateSwapContractTwoMember" xml:lang="en-US">Interest rate swap contract two [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InterestRateSwapContractTwoMember" xlink:to="lab_bap_InterestRateSwapContractTwoMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InterestRateSwapContractThreeMember" xlink:label="loc_bap_InterestRateSwapContractThreeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InterestRateSwapContractThreeMember" xml:lang="en-US">Interest rate swap contract three [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InterestRateSwapContractThreeMember" xlink:to="lab_bap_InterestRateSwapContractThreeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InterestRateSwapContractFourMember" xlink:label="loc_bap_InterestRateSwapContractFourMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InterestRateSwapContractFourMember" xml:lang="en-US">Interest rate swap contract four [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InterestRateSwapContractFourMember" xlink:to="lab_bap_InterestRateSwapContractFourMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InterestRateSwapContractFiveMember" xlink:label="loc_bap_InterestRateSwapContractFiveMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InterestRateSwapContractFiveMember" xml:lang="en-US">Interest rate swap contract five [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InterestRateSwapContractFiveMember" xlink:to="lab_bap_InterestRateSwapContractFiveMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CrossCurrencySwapContractMember" xlink:label="loc_bap_CrossCurrencySwapContractMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CrossCurrencySwapContractMember" xml:lang="en-US">Cross currency swap contract [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CrossCurrencySwapContractMember" xlink:to="lab_bap_CrossCurrencySwapContractMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ForeignExchangeOptionsMember" xlink:label="loc_bap_ForeignExchangeOptionsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ForeignExchangeOptionsMember" xml:lang="en-US">Foreign exchange options [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ForeignExchangeOptionsMember" xlink:to="lab_bap_ForeignExchangeOptionsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CrossCurrencySwapContractSixMember" xlink:label="loc_bap_CrossCurrencySwapContractSixMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CrossCurrencySwapContractSixMember" xml:lang="en-US">Cross currency swap contract six [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CrossCurrencySwapContractSixMember" xlink:to="lab_bap_CrossCurrencySwapContractSixMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DerivativesHeldForTradingMember" xlink:label="loc_bap_DerivativesHeldForTradingMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DerivativesHeldForTradingMember" xml:lang="en-US">Derivatives held for trading [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DerivativesHeldForTradingMember" xlink:to="lab_bap_DerivativesHeldForTradingMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfOtherAssetsAndOtherLiabilitiesLineItems" xlink:label="loc_bap_DisclosureOfOtherAssetsAndOtherLiabilitiesLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfOtherAssetsAndOtherLiabilitiesLineItems" xml:lang="en-US">Disclosure of Other Assets And Other Liabilities [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfOtherAssetsAndOtherLiabilitiesLineItems" xlink:to="lab_bap_DisclosureOfOtherAssetsAndOtherLiabilitiesLineItems" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DerivativeFinancialLiabilities" xlink:label="loc_ifrs-full_DerivativeFinancialLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DerivativeFinancialLiabilities" xml:lang="en-US">Derivative financial liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_DerivativeFinancialLiabilities" xml:lang="en-US">Liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_ifrs-full_DerivativeFinancialLiabilities" xml:lang="en-US">Liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DerivativeFinancialLiabilities" xlink:to="lab_ifrs-full_DerivativeFinancialLiabilities" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DescriptionOfDerivativeInstumentMaturityPeriod" xlink:label="loc_bap_DescriptionOfDerivativeInstumentMaturityPeriod" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DescriptionOfDerivativeInstumentMaturityPeriod" 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="lab_bap_DescriptionOfDerivativeInstumentMaturityPeriod" xml:lang="en-US">Maturity</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DescriptionOfDerivativeInstumentMaturityPeriod" xlink:to="lab_bap_DescriptionOfDerivativeInstumentMaturityPeriod" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DescriptionOfDerivativeInstumentMaturityPeriod" xml:lang="en-US">The description relates to maturity of derivatives instrument.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DescriptionOfRelatedInstruments" xlink:label="loc_bap_DescriptionOfRelatedInstruments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DescriptionOfRelatedInstruments" xml:lang="en-US">Description of related instruments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_DescriptionOfRelatedInstruments" xml:lang="en-US">Related instruments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DescriptionOfRelatedInstruments" xlink:to="lab_bap_DescriptionOfRelatedInstruments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DescriptionOfRelatedInstruments" xml:lang="en-US">The description relating to instruments related to derivative contracts.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ForwardForeignExchangeContractsMember" xlink:label="loc_bap_ForwardForeignExchangeContractsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ForwardForeignExchangeContractsMember" 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="lab_bap_ForwardForeignExchangeContractsMember" xml:lang="en-US">Forward foreign exchange contracts</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ForwardForeignExchangeContractsMember" xlink:to="lab_bap_ForwardForeignExchangeContractsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ForeignExchangeOptionContractsMember" xlink:label="loc_bap_ForeignExchangeOptionContractsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ForeignExchangeOptionContractsMember" xml:lang="en-US">Foreign Exchange Option Contracts [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_ForeignExchangeOptionContractsMember" xml:lang="en-US">Foreign exchange options</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ForeignExchangeOptionContractsMember" xlink:to="lab_bap_ForeignExchangeOptionContractsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TotalAssetsMember" xlink:label="loc_bap_TotalAssetsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TotalAssetsMember" xml:lang="en-US">Total Assets [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_TotalAssetsMember" xml:lang="en-US">Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TotalAssetsMember" xlink:to="lab_bap_TotalAssetsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TotalLiabilitiesMember" xlink:label="loc_bap_TotalLiabilitiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TotalLiabilitiesMember" xml:lang="en-US">Total Liabilities [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_TotalLiabilitiesMember" xml:lang="en-US">Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TotalLiabilitiesMember" xlink:to="lab_bap_TotalLiabilitiesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TotalMember" xlink:label="loc_bap_TotalMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TotalMember" xml:lang="en-US">Total [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TotalMember" xlink:to="lab_bap_TotalMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_HedgingInstrumentAssets" xlink:label="loc_ifrs-full_HedgingInstrumentAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_HedgingInstrumentAssets" xml:lang="en-US">Hedging instrument, assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_HedgingInstrumentAssets" xml:lang="en-US">Cash inflows (assets)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_HedgingInstrumentAssets" xlink:to="lab_ifrs-full_HedgingInstrumentAssets" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_HedgingInstrumentLiabilities" xlink:label="loc_ifrs-full_HedgingInstrumentLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_HedgingInstrumentLiabilities" xml:lang="en-US">Hedging instrument, liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_HedgingInstrumentLiabilities" xml:lang="en-US">Cash outflows (liabilities)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_HedgingInstrumentLiabilities" xlink:to="lab_ifrs-full_HedgingInstrumentLiabilities" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax" xlink:label="loc_ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax" 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="lab_ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax" xml:lang="en-US">Consolidated statement of income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax" xlink:to="lab_ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProvisionUsedOtherProvisions" xlink:label="loc_ifrs-full_ProvisionUsedOtherProvisions" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ProvisionUsedOtherProvisions" xml:lang="en-US">Provision used, other provisions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ProvisionUsedOtherProvisions" xml:lang="en-US">Provision, Note 28</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProvisionUsedOtherProvisions" xlink:to="lab_ifrs-full_ProvisionUsedOtherProvisions" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ChangesInOtherProvisions" xlink:label="loc_ifrs-full_ChangesInOtherProvisions" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ChangesInOtherProvisions" 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="lab_ifrs-full_ChangesInOtherProvisions" xml:lang="en-US">Increase (decrease), net</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ChangesInOtherProvisions" xlink:to="lab_ifrs-full_ChangesInOtherProvisions" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ChangesInInvestmentPropertyAbstract" xlink:label="loc_ifrs-full_ChangesInInvestmentPropertyAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ChangesInInvestmentPropertyAbstract" xml:lang="en-US">Changes in investment property [abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ChangesInInvestmentPropertyAbstract" xlink:to="lab_ifrs-full_ChangesInInvestmentPropertyAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdditionsOtherThanThroughBusinessCombinationsInvestmentProperty" xlink:label="loc_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsInvestmentProperty" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsInvestmentProperty" 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="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsInvestmentProperty" xml:lang="en-US">Additions</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsInvestmentProperty" xlink:to="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsInvestmentProperty" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TransferFromToInventoriesAndOwnerOccupiedPropertyInvestmentProperty" xlink:label="loc_ifrs-full_TransferFromToInventoriesAndOwnerOccupiedPropertyInvestmentProperty" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_TransferFromToInventoriesAndOwnerOccupiedPropertyInvestmentProperty" xml:lang="en-US">Transfer from (to) inventories and owner-occupied property, investment property</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_TransferFromToInventoriesAndOwnerOccupiedPropertyInvestmentProperty" xml:lang="en-US">Transfers</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TransferFromToInventoriesAndOwnerOccupiedPropertyInvestmentProperty" xlink:to="lab_ifrs-full_TransferFromToInventoriesAndOwnerOccupiedPropertyInvestmentProperty" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DecreaseThroughClassifiedAsHeldForSaleInvestmentProperty" xlink:label="loc_ifrs-full_DecreaseThroughClassifiedAsHeldForSaleInvestmentProperty" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DecreaseThroughClassifiedAsHeldForSaleInvestmentProperty" xml:lang="en-US">Decrease through classified as held for sale, investment property</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_DecreaseThroughClassifiedAsHeldForSaleInvestmentProperty" xml:lang="en-US">Sales</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DecreaseThroughClassifiedAsHeldForSaleInvestmentProperty" xlink:to="lab_ifrs-full_DecreaseThroughClassifiedAsHeldForSaleInvestmentProperty" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisposalsInvestmentProperty" xlink:label="loc_ifrs-full_DisposalsInvestmentProperty" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisposalsInvestmentProperty" xml:lang="en-US">Disposals, investment property</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_DisposalsInvestmentProperty" xml:lang="en-US">Disposals and other</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisposalsInvestmentProperty" xlink:to="lab_ifrs-full_DisposalsInvestmentProperty" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DepreciationInvestmentProperty" xlink:label="loc_ifrs-full_DepreciationInvestmentProperty" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DepreciationInvestmentProperty" xml:lang="en-US">Depreciation, investment property</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_DepreciationInvestmentProperty" xml:lang="en-US">Depreciation for the year</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DepreciationInvestmentProperty" xlink:to="lab_ifrs-full_DepreciationInvestmentProperty" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GeographicalAreasAxis" xlink:label="loc_ifrs-full_GeographicalAreasAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_GeographicalAreasAxis" xml:lang="en-US">Geographical areas [axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_GeographicalAreasAxis" xml:lang="en-US">Geographical areas [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GeographicalAreasAxis" xlink:to="lab_ifrs-full_GeographicalAreasAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GeographicalAreasMember" xlink:label="loc_ifrs-full_GeographicalAreasMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_GeographicalAreasMember" xml:lang="en-US">Geographical areas [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_GeographicalAreasMember" xml:lang="en-US">Geographical areas [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GeographicalAreasMember" xlink:to="lab_ifrs-full_GeographicalAreasMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AvGuardiaCivilMember" xlink:label="loc_bap_AvGuardiaCivilMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AvGuardiaCivilMember" xml:lang="en-US">Av. Guardia Civil [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AvGuardiaCivilMember" xlink:to="lab_bap_AvGuardiaCivilMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_LurinMember" xlink:label="loc_bap_LurinMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_LurinMember" xml:lang="en-US">Lurin [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_LurinMember" xlink:to="lab_bap_LurinMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_GaleriaChinchonMember" xlink:label="loc_bap_GaleriaChinchonMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_GaleriaChinchonMember" xml:lang="en-US">Galeria Chinchon [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_GaleriaChinchonMember" xlink:to="lab_bap_GaleriaChinchonMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TrujilloMember" xlink:label="loc_bap_TrujilloMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TrujilloMember" xml:lang="en-US">Trujillo [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TrujilloMember" xlink:to="lab_bap_TrujilloMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AvReductoMember" xlink:label="loc_bap_AvReductoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AvReductoMember" xml:lang="en-US">Av Reducto [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AvReductoMember" xlink:to="lab_bap_AvReductoMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AvSalaverryMember" xlink:label="loc_bap_AvSalaverryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AvSalaverryMember" xml:lang="en-US">Av Salaverry [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AvSalaverryMember" xlink:to="lab_bap_AvSalaverryMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AvSantaCruzMember" xlink:label="loc_bap_AvSantaCruzMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AvSantaCruzMember" xml:lang="en-US">Av Santa Cruz [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AvSantaCruzMember" xlink:to="lab_bap_AvSantaCruzMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AvSantaCruzMember" xml:lang="en-US">Av. Santa Cruz</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_EdificioPanoramaMember" xlink:label="loc_bap_EdificioPanoramaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_EdificioPanoramaMember" xml:lang="en-US">Edificio Panorama [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_EdificioPanoramaMember" xlink:to="lab_bap_EdificioPanoramaMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_RevokedHedgesMember" xlink:label="loc_bap_RevokedHedgesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_RevokedHedgesMember" xml:lang="en-US">Revoked hedges [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_RevokedHedgesMember" xlink:to="lab_bap_RevokedHedgesMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:label="loc_ifrs-full_SignificantInvestmentsInAssociatesAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_SignificantInvestmentsInAssociatesAxis" xml:lang="en-US">Associates [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:to="lab_ifrs-full_SignificantInvestmentsInAssociatesAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EntitysTotalForAssociatesMember" xlink:label="loc_ifrs-full_EntitysTotalForAssociatesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_EntitysTotalForAssociatesMember" xml:lang="en-US">Entity's total for associates [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EntitysTotalForAssociatesMember" xlink:to="lab_ifrs-full_EntitysTotalForAssociatesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PacificoEpsMember" xlink:label="loc_bap_PacificoEpsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PacificoEpsMember" xml:lang="en-US">Pacifico EPS [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PacificoEpsMember" xlink:to="lab_bap_PacificoEpsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_UnconsolidatedStructuredEntitiesAxis" xlink:label="loc_ifrs-full_UnconsolidatedStructuredEntitiesAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_UnconsolidatedStructuredEntitiesAxis" xml:lang="en-US">Unconsolidated structured entities [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UnconsolidatedStructuredEntitiesAxis" xlink:to="lab_ifrs-full_UnconsolidatedStructuredEntitiesAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EntitysTotalForUnconsolidatedStructuredEntitiesMember" xlink:label="loc_ifrs-full_EntitysTotalForUnconsolidatedStructuredEntitiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_EntitysTotalForUnconsolidatedStructuredEntitiesMember" xml:lang="en-US">Entity's total for unconsolidated structured entities [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EntitysTotalForUnconsolidatedStructuredEntitiesMember" xlink:to="lab_ifrs-full_EntitysTotalForUnconsolidatedStructuredEntitiesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PanoramaTrustMember" xlink:label="loc_bap_PanoramaTrustMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PanoramaTrustMember" xml:lang="en-US">Panorama trust [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PanoramaTrustMember" xlink:to="lab_bap_PanoramaTrustMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LandAndBuildingsMember" xlink:label="loc_ifrs-full_LandAndBuildingsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_LandAndBuildingsMember" xml:lang="en-US">Land and buildings [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LandAndBuildingsMember" xlink:to="lab_ifrs-full_LandAndBuildingsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_Plot1Member" xlink:label="loc_bap_Plot1Member" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_Plot1Member" xml:lang="en-US">Plot 1 [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_Plot1Member" xlink:to="lab_bap_Plot1Member" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_Plot2Member" xlink:label="loc_bap_Plot2Member" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_Plot2Member" xml:lang="en-US">Plot 2 [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_Plot2Member" xlink:to="lab_bap_Plot2Member" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax" xlink:label="loc_ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax" 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="lab_ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax" 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="lab_ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax" xml:lang="en-US">Net (loss) gains on cash flow hedges</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax" xlink:to="lab_ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdditionsFromAcquisitionsInvestmentProperty" xlink:label="loc_ifrs-full_AdditionsFromAcquisitionsInvestmentProperty" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AdditionsFromAcquisitionsInvestmentProperty" xml:lang="en-US">Additions from acquisitions, investment property</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdditionsFromAcquisitionsInvestmentProperty" xlink:to="lab_ifrs-full_AdditionsFromAcquisitionsInvestmentProperty" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InvestmentPropertyDisposalCosts" xlink:label="loc_bap_InvestmentPropertyDisposalCosts" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InvestmentPropertyDisposalCosts" xml:lang="en-US">Investment Property Disposal Costs</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InvestmentPropertyDisposalCosts" xlink:to="lab_bap_InvestmentPropertyDisposalCosts" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_InvestmentPropertyDisposalCosts" xml:lang="en-US">Represnts disposal costs of property</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ImpairmentNetCarryingAmount" xlink:label="loc_bap_ImpairmentNetCarryingAmount" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ImpairmentNetCarryingAmount" xml:lang="en-US">impairment net carrying amount</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ImpairmentNetCarryingAmount" xlink:to="lab_bap_ImpairmentNetCarryingAmount" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ImpairmentNetCarryingAmount" xml:lang="en-US">Amount of it investment properties is greater than their net carrying amount.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BalancesOnCurrentAccountsFromCustomers" xlink:label="loc_ifrs-full_BalancesOnCurrentAccountsFromCustomers" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_BalancesOnCurrentAccountsFromCustomers" 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="lab_ifrs-full_BalancesOnCurrentAccountsFromCustomers" xml:lang="en-US">Demand deposits</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BalancesOnCurrentAccountsFromCustomers" xlink:to="lab_ifrs-full_BalancesOnCurrentAccountsFromCustomers" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BalancesOnDemandDepositsFromCustomers" xlink:label="loc_ifrs-full_BalancesOnDemandDepositsFromCustomers" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_BalancesOnDemandDepositsFromCustomers" 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="lab_ifrs-full_BalancesOnDemandDepositsFromCustomers" xml:lang="en-US">Time deposits (c)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BalancesOnDemandDepositsFromCustomers" xlink:to="lab_ifrs-full_BalancesOnDemandDepositsFromCustomers" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BalancesOnSavingAccountsFromCustomers" xlink:label="loc_bap_BalancesOnSavingAccountsFromCustomers" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BalancesOnSavingAccountsFromCustomers" 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="lab_bap_BalancesOnSavingAccountsFromCustomers" xml:lang="en-US">Saving deposits</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BalancesOnSavingAccountsFromCustomers" xlink:to="lab_bap_BalancesOnSavingAccountsFromCustomers" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_BalancesOnSavingAccountsFromCustomers" xml:lang="en-US">The amount of balances in customers' savings accounts held by the entity.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BalancesOnSeveranceIndemnityDeposits" xlink:label="loc_bap_BalancesOnSeveranceIndemnityDeposits" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BalancesOnSeveranceIndemnityDeposits" 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="lab_bap_BalancesOnSeveranceIndemnityDeposits" xml:lang="en-US">Severance indemnity deposits</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BalancesOnSeveranceIndemnityDeposits" xlink:to="lab_bap_BalancesOnSeveranceIndemnityDeposits" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_BalancesOnSeveranceIndemnityDeposits" xml:lang="en-US">The amount of balances in severance indemnity deposits held by the entity.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BalancesOnBanksNegotiableCertificate" xlink:label="loc_bap_BalancesOnBanksNegotiableCertificate" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BalancesOnBanksNegotiableCertificate" 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="lab_bap_BalancesOnBanksNegotiableCertificate" xml:lang="en-US">Bank's negotiable certificates</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BalancesOnBanksNegotiableCertificate" xlink:to="lab_bap_BalancesOnBanksNegotiableCertificate" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_BalancesOnBanksNegotiableCertificate" xml:lang="en-US">The amount of balances in bank's negociable certificate held by the entity.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DepositsFromCustomerExcludingAccruedInterest" xlink:label="loc_bap_DepositsFromCustomerExcludingAccruedInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DepositsFromCustomerExcludingAccruedInterest" 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="lab_bap_DepositsFromCustomerExcludingAccruedInterest" xml:lang="en-US">Total</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_DepositsFromCustomerExcludingAccruedInterest" xml:lang="en-US">Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DepositsFromCustomerExcludingAccruedInterest" xlink:to="lab_bap_DepositsFromCustomerExcludingAccruedInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DepositsFromCustomerExcludingAccruedInterest" xml:lang="en-US">The amount of deposit liabilities excluding accrued interest held by the entity.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InterestPayableOnDepositsFromCustomer" xlink:label="loc_bap_InterestPayableOnDepositsFromCustomer" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InterestPayableOnDepositsFromCustomer" 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="lab_bap_InterestPayableOnDepositsFromCustomer" xml:lang="en-US">Interest payable</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InterestPayableOnDepositsFromCustomer" xlink:to="lab_bap_InterestPayableOnDepositsFromCustomer" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_InterestPayableOnDepositsFromCustomer" xml:lang="en-US">The amount of interest on deposits from customer recognised as a liability.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDepositsAndObligationsTable" xlink:label="loc_bap_DisclosureOfDepositsAndObligationsTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDepositsAndObligationsTable" xml:lang="en-US">Disclosure of Deposits and Obligations [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDepositsAndObligationsTable" xlink:to="lab_bap_DisclosureOfDepositsAndObligationsTable" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InPeruMember" xlink:label="loc_bap_InPeruMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InPeruMember" xml:lang="en-US">In Peru [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InPeruMember" xlink:to="lab_bap_InPeruMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InOtherCountriesMember" xlink:label="loc_bap_InOtherCountriesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InOtherCountriesMember" xml:lang="en-US">In other countries [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InOtherCountriesMember" xlink:to="lab_bap_InOtherCountriesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDepositsAndObligationsLineItems" xlink:label="loc_bap_DisclosureOfDepositsAndObligationsLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDepositsAndObligationsLineItems" xml:lang="en-US">Disclosure of Deposits and Obligations [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDepositsAndObligationsLineItems" xlink:to="lab_bap_DisclosureOfDepositsAndObligationsLineItems" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InterestBearingDeposit" xlink:label="loc_bap_InterestBearingDeposit" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InterestBearingDeposit" xml:lang="en-US">Interest bearing deposit</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_InterestBearingDeposit" xml:lang="en-US">Interest bearing deposits</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InterestBearingDeposit" xlink:to="lab_bap_InterestBearingDeposit" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_InterestBearingDeposit" xml:lang="en-US">The amount of interest bearing deposit from customers as well as banks held by the entity.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InsurerNameAxis" xlink:label="loc_bap_InsurerNameAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InsurerNameAxis" xml:lang="en-US">Insurer Name [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InsurerNameAxis" xlink:to="lab_bap_InsurerNameAxis" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InsurerNameDomain" xlink:label="loc_bap_InsurerNameDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InsurerNameDomain" xml:lang="en-US">Insurer Name [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InsurerNameDomain" xlink:to="lab_bap_InsurerNameDomain" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FondoDeSeguroDeDepositosMember" xlink:label="loc_bap_FondoDeSeguroDeDepositosMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FondoDeSeguroDeDepositosMember" xml:lang="en-US">Fondo de Seguro de Depositos [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FondoDeSeguroDeDepositosMember" xlink:to="lab_bap_FondoDeSeguroDeDepositosMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BalanceOfDepositsAndObligations" xlink:label="loc_bap_BalanceOfDepositsAndObligations" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BalanceOfDepositsAndObligations" xml:lang="en-US">Balance Of Deposits And Obligations</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BalanceOfDepositsAndObligations" xlink:to="lab_bap_BalanceOfDepositsAndObligations" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_BalanceOfDepositsAndObligations" xml:lang="en-US">The balance amount of deposits and obligations.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MaximumCoverageRecognized" xlink:label="loc_bap_MaximumCoverageRecognized" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MaximumCoverageRecognized" xml:lang="en-US">Maximum Coverage Recognized</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MaximumCoverageRecognized" xlink:to="lab_bap_MaximumCoverageRecognized" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_MaximumCoverageRecognized" xml:lang="en-US">The amount of maximum coverage recognized.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDepositsFromBanksExplanatoryTable" xlink:label="loc_bap_DisclosureOfDepositsFromBanksExplanatoryTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDepositsFromBanksExplanatoryTable" xml:lang="en-US">Disclosure Of Deposits From Banks Explanatory [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDepositsFromBanksExplanatoryTable" xlink:to="lab_bap_DisclosureOfDepositsFromBanksExplanatoryTable" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BorrowingsByNameAxis" xlink:label="loc_ifrs-full_BorrowingsByNameAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_BorrowingsByNameAxis" xml:lang="en-US">Borrowings by name [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BorrowingsByNameAxis" xlink:to="lab_ifrs-full_BorrowingsByNameAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BorrowingsByNameMember" xlink:label="loc_ifrs-full_BorrowingsByNameMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_BorrowingsByNameMember" xml:lang="en-US">Borrowings by name [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BorrowingsByNameMember" xlink:to="lab_ifrs-full_BorrowingsByNameMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDepositsFromBanksExplanatoryLineItems" xlink:label="loc_bap_DisclosureOfDepositsFromBanksExplanatoryLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDepositsFromBanksExplanatoryLineItems" 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="lab_bap_DisclosureOfDepositsFromBanksExplanatoryLineItems" xml:lang="en-US">Disclosure Of Deposits From Banks Explanatory [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDepositsFromBanksExplanatoryLineItems" xlink:to="lab_bap_DisclosureOfDepositsFromBanksExplanatoryLineItems" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InternationalFundsAndOthers" xlink:label="loc_bap_InternationalFundsAndOthers" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InternationalFundsAndOthers" xml:lang="en-US">International funds and others</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InternationalFundsAndOthers" xlink:to="lab_bap_InternationalFundsAndOthers" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_InternationalFundsAndOthers" xml:lang="en-US">The amount of outstanding funds that the entity is obligated to repay.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PromotionalCreditLines" xlink:label="loc_bap_PromotionalCreditLines" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PromotionalCreditLines" xml:lang="en-US">Promotional credit lines</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PromotionalCreditLines" xlink:to="lab_bap_PromotionalCreditLines" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_PromotionalCreditLines" xml:lang="en-US">The amount of outstanding funds that the entity is obligated to repay.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InterbankFunds" xlink:label="loc_bap_InterbankFunds" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InterbankFunds" xml:lang="en-US">Inter-bank funds</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InterbankFunds" xlink:to="lab_bap_InterbankFunds" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_InterbankFunds" xml:lang="en-US">The amount of outstanding funds that the entity is obligated to repay.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DueToBanksAndCorrespondents" xlink:label="loc_bap_DueToBanksAndCorrespondents" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DueToBanksAndCorrespondents" 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="lab_bap_DueToBanksAndCorrespondents" 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="lab_bap_DueToBanksAndCorrespondents" xml:lang="en-US">Due to banks and correspondents</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DueToBanksAndCorrespondents" xlink:to="lab_bap_DueToBanksAndCorrespondents" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DueToBanksAndCorrespondents" xml:lang="en-US">The amount of due to banks and correspondents.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InterestPayableOnDepositsFromBanks" xlink:label="loc_bap_InterestPayableOnDepositsFromBanks" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InterestPayableOnDepositsFromBanks" 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="lab_bap_InterestPayableOnDepositsFromBanks" xml:lang="en-US">Interest payable</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InterestPayableOnDepositsFromBanks" xlink:to="lab_bap_InterestPayableOnDepositsFromBanks" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_InterestPayableOnDepositsFromBanks" xml:lang="en-US">The amount of interest on deposits from banks recognised as a liability.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BankOfMontrealMember" xlink:label="loc_bap_BankOfMontrealMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BankOfMontrealMember" xml:lang="en-US">Bank of Montreal [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BankOfMontrealMember" xlink:to="lab_bap_BankOfMontrealMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_WellsFargoBankMember" xlink:label="loc_bap_WellsFargoBankMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_WellsFargoBankMember" xml:lang="en-US">Wells Fargo Bank [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_WellsFargoBankMember" xlink:to="lab_bap_WellsFargoBankMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CorporacionFinancieraDeDesarrolloCofideMember" xlink:label="loc_bap_CorporacionFinancieraDeDesarrolloCofideMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CorporacionFinancieraDeDesarrolloCofideMember" xml:lang="en-US">Corporacion Financiera de Desarrollo COFIDE [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CorporacionFinancieraDeDesarrolloCofideMember" xlink:to="lab_bap_CorporacionFinancieraDeDesarrolloCofideMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CitibankNaMember" xlink:label="loc_bap_CitibankNaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CitibankNaMember" xml:lang="en-US">Citibank N.A. [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CitibankNaMember" xlink:to="lab_bap_CitibankNaMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BankOfAmericaMember" xlink:label="loc_bap_BankOfAmericaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BankOfAmericaMember" xml:lang="en-US">Bank of America [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BankOfAmericaMember" xlink:to="lab_bap_BankOfAmericaMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_JpMorganChaseBankNationalAssociationMember" xlink:label="loc_bap_JpMorganChaseBankNationalAssociationMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_JpMorganChaseBankNationalAssociationMember" xml:lang="en-US">JP Morgan Chase Bank, National Association [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_JpMorganChaseBankNationalAssociationMember" xlink:to="lab_bap_JpMorganChaseBankNationalAssociationMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InternationalFinanceCorporationIfcMember" xlink:label="loc_bap_InternationalFinanceCorporationIfcMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InternationalFinanceCorporationIfcMember" xml:lang="en-US">International Finance Corporation IFC [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InternationalFinanceCorporationIfcMember" xlink:to="lab_bap_InternationalFinanceCorporationIfcMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BancoConsorcioMember" xlink:label="loc_bap_BancoConsorcioMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BancoConsorcioMember" xml:lang="en-US">Banco Consorcio [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BancoConsorcioMember" xlink:to="lab_bap_BancoConsorcioMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DeutscheBankMember" xlink:label="loc_bap_DeutscheBankMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DeutscheBankMember" xml:lang="en-US">Deutsche Bank [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DeutscheBankMember" xlink:to="lab_bap_DeutscheBankMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ScotiabankPeruSaaMember" xlink:label="loc_bap_ScotiabankPeruSaaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ScotiabankPeruSaaMember" xml:lang="en-US">Scotiabank Peru S.A.A [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ScotiabankPeruSaaMember" xlink:to="lab_bap_ScotiabankPeruSaaMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ComunidadAndinaDeFomentoMember" xlink:label="loc_bap_ComunidadAndinaDeFomentoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ComunidadAndinaDeFomentoMember" xml:lang="en-US">Comunidad Andina de Fomento [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_ComunidadAndinaDeFomentoMember" xml:lang="en-US">Comunidad Andina de Fomento - CAF [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ComunidadAndinaDeFomentoMember" xlink:to="lab_bap_ComunidadAndinaDeFomentoMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_StandardCharteredbankMember" xlink:label="loc_bap_StandardCharteredbankMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_StandardCharteredbankMember" xml:lang="en-US">Standard Chartered Bank [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_StandardCharteredbankMember" xlink:to="lab_bap_StandardCharteredbankMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TorontoDominionBankMember" xlink:label="loc_bap_TorontoDominionBankMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TorontoDominionBankMember" xml:lang="en-US">Toronto Dominion Bank [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TorontoDominionBankMember" xlink:to="lab_bap_TorontoDominionBankMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OthersLessThanS750MillionMember" xlink:label="loc_bap_OthersLessThanS750MillionMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OthersLessThanS750MillionMember" xml:lang="en-US">Others less than S750 million [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_OthersLessThanS750MillionMember" xml:lang="en-US">Others less than S/75.0 million [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OthersLessThanS750MillionMember" xlink:to="lab_bap_OthersLessThanS750MillionMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BancoDelEstadoDeChileMember" xlink:label="loc_bap_BancoDelEstadoDeChileMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BancoDelEstadoDeChileMember" xml:lang="en-US">Banco del Estado de Chile [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BancoDelEstadoDeChileMember" xlink:to="lab_bap_BancoDelEstadoDeChileMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BancoDeLaNacionMember" xlink:label="loc_bap_BancoDeLaNacionMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BancoDeLaNacionMember" xml:lang="en-US">Banco de la Nacion [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BancoDeLaNacionMember" xlink:to="lab_bap_BancoDeLaNacionMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SumitomoMitsuiBankingCorporationMember" xlink:label="loc_bap_SumitomoMitsuiBankingCorporationMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SumitomoMitsuiBankingCorporationMember" xml:lang="en-US">Sumitomo Mitsui Banking Corporation [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SumitomoMitsuiBankingCorporationMember" xlink:to="lab_bap_SumitomoMitsuiBankingCorporationMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_WachoviaBankNAMember" xlink:label="loc_bap_WachoviaBankNAMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_WachoviaBankNAMember" xml:lang="en-US">Wachovia Bank NA [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_WachoviaBankNAMember" xlink:to="lab_bap_WachoviaBankNAMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BBVABancoContinentalMember" xlink:label="loc_bap_BBVABancoContinentalMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BBVABancoContinentalMember" xml:lang="en-US">BBVA Banco Continental [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BBVABancoContinentalMember" xlink:to="lab_bap_BBVABancoContinentalMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BorrowingsByTypeAxis" xlink:label="loc_bap_BorrowingsByTypeAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BorrowingsByTypeAxis" xml:lang="en-US">Borrowings By Type [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BorrowingsByTypeAxis" xlink:to="lab_bap_BorrowingsByTypeAxis" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BorrowingsByTypeDomain" xlink:label="loc_bap_BorrowingsByTypeDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BorrowingsByTypeDomain" xml:lang="en-US">Borrowings By Type [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BorrowingsByTypeDomain" xlink:to="lab_bap_BorrowingsByTypeDomain" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InternationalFundsAndOthersMember" xlink:label="loc_bap_InternationalFundsAndOthersMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InternationalFundsAndOthersMember" xml:lang="en-US">International funds and others [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InternationalFundsAndOthersMember" xlink:to="lab_bap_InternationalFundsAndOthersMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CorporacionAndinaDeFomentoMember" xlink:label="loc_bap_CorporacionAndinaDeFomentoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CorporacionAndinaDeFomentoMember" xml:lang="en-US">Corporacion Andina de Fomento [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CorporacionAndinaDeFomentoMember" xlink:to="lab_bap_CorporacionAndinaDeFomentoMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PromotionalCreditLinesMember" xlink:label="loc_bap_PromotionalCreditLinesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PromotionalCreditLinesMember" xml:lang="en-US">Promotional credit lines [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PromotionalCreditLinesMember" xlink:to="lab_bap_PromotionalCreditLinesMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TypesOfInterestRatesAxis" xlink:label="loc_ifrs-full_TypesOfInterestRatesAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_TypesOfInterestRatesAxis" xml:lang="en-US">Types of interest rates [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfInterestRatesAxis" xlink:to="lab_ifrs-full_TypesOfInterestRatesAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InterestRateTypesMember" xlink:label="loc_ifrs-full_InterestRateTypesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_InterestRateTypesMember" xml:lang="en-US">Interest rate types [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestRateTypesMember" xlink:to="lab_ifrs-full_InterestRateTypesMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_SecuredBankLoansReceived" xlink:label="loc_ifrs-full_SecuredBankLoansReceived" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_SecuredBankLoansReceived" xml:lang="en-US">Secured bank loans received</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SecuredBankLoansReceived" xlink:to="lab_ifrs-full_SecuredBankLoansReceived" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesTable" xlink:label="loc_bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesTable" xml:lang="en-US">Disclosure of insurance claim reserves and technical reserves [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesTable" xlink:to="lab_bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesTable" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InsuranceClaimReserveTypeAxis" xlink:label="loc_bap_InsuranceClaimReserveTypeAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InsuranceClaimReserveTypeAxis" xml:lang="en-US">Insurance claim reserve, type [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InsuranceClaimReserveTypeAxis" xlink:to="lab_bap_InsuranceClaimReserveTypeAxis" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InsuranceClaimReserveTypeDomain" xlink:label="loc_bap_InsuranceClaimReserveTypeDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InsuranceClaimReserveTypeDomain" xml:lang="en-US">Insurance claim reserve, type [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InsuranceClaimReserveTypeDomain" xlink:to="lab_bap_InsuranceClaimReserveTypeDomain" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DirectClaimReserveMember" xlink:label="loc_bap_DirectClaimReserveMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DirectClaimReserveMember" xml:lang="en-US">Direct claim reserve [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DirectClaimReserveMember" xlink:to="lab_bap_DirectClaimReserveMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TechnicalClaimReserveMember" xlink:label="loc_bap_TechnicalClaimReserveMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TechnicalClaimReserveMember" xml:lang="en-US">Technical claim reserve [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TechnicalClaimReserveMember" xlink:to="lab_bap_TechnicalClaimReserveMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LifeInsuranceContractsMember" xlink:label="loc_ifrs-full_LifeInsuranceContractsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_LifeInsuranceContractsMember" xml:lang="en-US">Life insurance contracts [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_LifeInsuranceContractsMember" xml:lang="en-US">Life insurance [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LifeInsuranceContractsMember" xlink:to="lab_ifrs-full_LifeInsuranceContractsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_GeneralInsuranceContractsMember" xlink:label="loc_bap_GeneralInsuranceContractsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_GeneralInsuranceContractsMember" xml:lang="en-US">General insurance contracts [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_GeneralInsuranceContractsMember" xlink:to="lab_bap_GeneralInsuranceContractsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_HealthInsuranceContractsMember" xlink:label="loc_bap_HealthInsuranceContractsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_HealthInsuranceContractsMember" xml:lang="en-US">Health insurance contracts [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_HealthInsuranceContractsMember" xml:lang="en-US">Health insurance [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_HealthInsuranceContractsMember" xlink:to="lab_bap_HealthInsuranceContractsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesLineItems" xlink:label="loc_bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesLineItems" xml:lang="en-US">Disclosure of insurance claim reserves and technical reserves [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesLineItems" xlink:to="lab_bap_DisclosureOfInsuranceClaimReservesAndTechnicalReservesLineItems" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProvisionsForFutureNonparticipatingBenefits" xlink:label="loc_ifrs-full_ProvisionsForFutureNonparticipatingBenefits" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ProvisionsForFutureNonparticipatingBenefits" xml:lang="en-US">Provisions for future non-participating benefits</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_ifrs-full_ProvisionsForFutureNonparticipatingBenefits" xml:lang="en-US">Beginning balance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_ifrs-full_ProvisionsForFutureNonparticipatingBenefits" xml:lang="en-US">Ending balance</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProvisionsForFutureNonparticipatingBenefits" xlink:to="lab_ifrs-full_ProvisionsForFutureNonparticipatingBenefits" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DirectAndAssumedClaimReserveMember" xlink:label="loc_bap_DirectAndAssumedClaimReserveMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DirectAndAssumedClaimReserveMember" xml:lang="en-US">Direct and assumed claim reserve [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DirectAndAssumedClaimReserveMember" xlink:to="lab_bap_DirectAndAssumedClaimReserveMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AdditionsLiabilitiesUnderInsuranceContractsClaims" xlink:label="loc_bap_AdditionsLiabilitiesUnderInsuranceContractsClaims" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AdditionsLiabilitiesUnderInsuranceContractsClaims" 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="lab_bap_AdditionsLiabilitiesUnderInsuranceContractsClaims" xml:lang="en-US">Claims, Note 25</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AdditionsLiabilitiesUnderInsuranceContractsClaims" xlink:to="lab_bap_AdditionsLiabilitiesUnderInsuranceContractsClaims" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AdditionsLiabilitiesUnderInsuranceContractsClaims" xml:lang="en-US">The increase in liabilities under insurance contracts and reinsurance contracts issued, resulting from additions other than through business combinations.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CashPaidLiabilitiesUnderInsuranceContracts" xlink:label="loc_bap_CashPaidLiabilitiesUnderInsuranceContracts" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CashPaidLiabilitiesUnderInsuranceContracts" 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="lab_bap_CashPaidLiabilitiesUnderInsuranceContracts" xml:lang="en-US">Payments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CashPaidLiabilitiesUnderInsuranceContracts" xlink:to="lab_bap_CashPaidLiabilitiesUnderInsuranceContracts" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_CashPaidLiabilitiesUnderInsuranceContracts" xml:lang="en-US">The decrease in liabilities under insurance contracts and reinsurance contracts issued resulting from cash paid.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" 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="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xml:lang="en-US">Exchange difference</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xml:lang="en-US">Exchange difference and others</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughAdjustmentsArisingFromPassageOfTimeLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughAdjustmentsArisingFromPassageOfTimeLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughAdjustmentsArisingFromPassageOfTimeLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" 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="lab_ifrs-full_IncreaseDecreaseThroughAdjustmentsArisingFromPassageOfTimeLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xml:lang="en-US">Time course expenses and others</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughAdjustmentsArisingFromPassageOfTimeLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughAdjustmentsArisingFromPassageOfTimeLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTransfersLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughTransfersLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransfersLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" 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="lab_ifrs-full_IncreaseDecreaseThroughTransfersLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xml:lang="en-US">Unearned premium and other technical reserves variation, net</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughTransfersLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughTransfersLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdditionsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xlink:label="loc_ifrs-full_AdditionsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AdditionsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xml:lang="en-US">Additions other than through business combinations, liabilities under insurance contracts and reinsurance contracts issued</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_ifrs-full_AdditionsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xml:lang="en-US">Insurance subscriptions</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdditionsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xlink:to="lab_ifrs-full_AdditionsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InsuranceReservesEstimationAssumptionsCategoryAxis" xlink:label="loc_bap_InsuranceReservesEstimationAssumptionsCategoryAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InsuranceReservesEstimationAssumptionsCategoryAxis" xml:lang="en-US">Insurance reserves estimation assumptions, category [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InsuranceReservesEstimationAssumptionsCategoryAxis" xlink:to="lab_bap_InsuranceReservesEstimationAssumptionsCategoryAxis" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InsuranceReservesEstimationAssumptionsCategoryDomain" xlink:label="loc_bap_InsuranceReservesEstimationAssumptionsCategoryDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InsuranceReservesEstimationAssumptionsCategoryDomain" xml:lang="en-US">Insurance reserves estimation assumptions, category [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InsuranceReservesEstimationAssumptionsCategoryDomain" xlink:to="lab_bap_InsuranceReservesEstimationAssumptionsCategoryDomain" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CategoryOfInsuranceReservesAxis" xlink:label="loc_bap_CategoryOfInsuranceReservesAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CategoryOfInsuranceReservesAxis" xml:lang="en-US">Category of Insurance reserves [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CategoryOfInsuranceReservesAxis" xlink:to="lab_bap_CategoryOfInsuranceReservesAxis" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CategoryOfInsuranceReservesDomain" xlink:label="loc_bap_CategoryOfInsuranceReservesDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CategoryOfInsuranceReservesDomain" xml:lang="en-US">Category of Insurance reserves [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CategoryOfInsuranceReservesDomain" xlink:to="lab_bap_CategoryOfInsuranceReservesDomain" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TemporaryRegimeWorkRiskInsuranceMember" xlink:label="loc_bap_TemporaryRegimeWorkRiskInsuranceMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TemporaryRegimeWorkRiskInsuranceMember" 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="lab_bap_TemporaryRegimeWorkRiskInsuranceMember" xml:lang="en-US">Pension insurance - Temporary Regime / SCTR [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TemporaryRegimeWorkRiskInsuranceMember" xlink:to="lab_bap_TemporaryRegimeWorkRiskInsuranceMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DefinitiveRegimeMember" xlink:label="loc_bap_DefinitiveRegimeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DefinitiveRegimeMember" xml:lang="en-US">Definitive regime [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_DefinitiveRegimeMember" xml:lang="en-US">Pension insurance - Definitive Regime [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DefinitiveRegimeMember" xlink:to="lab_bap_DefinitiveRegimeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DefinitiveRegimeWorkRiskInsuranceMember" xlink:label="loc_bap_DefinitiveRegimeWorkRiskInsuranceMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DefinitiveRegimeWorkRiskInsuranceMember" 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="lab_bap_DefinitiveRegimeWorkRiskInsuranceMember" xml:lang="en-US">Pension insurance - Definitive Regime / SCTR [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DefinitiveRegimeWorkRiskInsuranceMember" xlink:to="lab_bap_DefinitiveRegimeWorkRiskInsuranceMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TemporaryRegimeWorkRiskInsuranceLongevityMember" xlink:label="loc_bap_TemporaryRegimeWorkRiskInsuranceLongevityMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TemporaryRegimeWorkRiskInsuranceLongevityMember" 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="lab_bap_TemporaryRegimeWorkRiskInsuranceLongevityMember" xml:lang="en-US">Pension insurance - Temporary Regime / SCTR (Longevity) [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TemporaryRegimeWorkRiskInsuranceLongevityMember" xlink:to="lab_bap_TemporaryRegimeWorkRiskInsuranceLongevityMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_IndividualLifeMember" xlink:label="loc_bap_IndividualLifeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_IndividualLifeMember" xml:lang="en-US">Individual life [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_IndividualLifeMember" xlink:to="lab_bap_IndividualLifeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AnnuityMember" xlink:label="loc_bap_AnnuityMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AnnuityMember" xml:lang="en-US">Annuity [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AnnuityMember" xlink:to="lab_bap_AnnuityMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ExplanationOfAssumptionsToMeasureInsuranceAssetsAndLiabilities" xlink:label="loc_ifrs-full_ExplanationOfAssumptionsToMeasureInsuranceAssetsAndLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ExplanationOfAssumptionsToMeasureInsuranceAssetsAndLiabilities" xml:lang="en-US">Explanation of process used to determine assumptions to measure recognised assets, liabilities, income and expense arising from insurance contracts</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExplanationOfAssumptionsToMeasureInsuranceAssetsAndLiabilities" xlink:to="lab_ifrs-full_ExplanationOfAssumptionsToMeasureInsuranceAssetsAndLiabilities" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MortalityTechnicalRateInUsDollarsUsedInEstimationOfInsuranceReserves" xlink:label="loc_bap_MortalityTechnicalRateInUsDollarsUsedInEstimationOfInsuranceReserves" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MortalityTechnicalRateInUsDollarsUsedInEstimationOfInsuranceReserves" xml:lang="en-US">Mortality technical rate in us dollars used in estimation of insurance reserves</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MortalityTechnicalRateInUsDollarsUsedInEstimationOfInsuranceReserves" xlink:to="lab_bap_MortalityTechnicalRateInUsDollarsUsedInEstimationOfInsuranceReserves" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_MortalityTechnicalRateInUsDollarsUsedInEstimationOfInsuranceReserves" 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>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MortalityTechnicalRateInSolesVacUsedInEstimationOfInsuranceReserves" xlink:label="loc_bap_MortalityTechnicalRateInSolesVacUsedInEstimationOfInsuranceReserves" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MortalityTechnicalRateInSolesVacUsedInEstimationOfInsuranceReserves" xml:lang="en-US">Mortality technical rate in soles vac used in estimation of insurance reserves</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MortalityTechnicalRateInSolesVacUsedInEstimationOfInsuranceReserves" xlink:to="lab_bap_MortalityTechnicalRateInSolesVacUsedInEstimationOfInsuranceReserves" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_MortalityTechnicalRateInSolesVacUsedInEstimationOfInsuranceReserves" 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>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MortalityTechnicalRateInNominalDollarsUsedInEstimationOfInsuranceReserves" xlink:label="loc_bap_MortalityTechnicalRateInNominalDollarsUsedInEstimationOfInsuranceReserves" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MortalityTechnicalRateInNominalDollarsUsedInEstimationOfInsuranceReserves" xml:lang="en-US">Mortality technical rate in Nominal dollars used in estimation of insurance reserves</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MortalityTechnicalRateInNominalDollarsUsedInEstimationOfInsuranceReserves" xlink:to="lab_bap_MortalityTechnicalRateInNominalDollarsUsedInEstimationOfInsuranceReserves" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_MortalityTechnicalRateInNominalDollarsUsedInEstimationOfInsuranceReserves" 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>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MortalityTechnicalRateInSolesUsedInEstimationOfInsuranceReserves" xlink:label="loc_bap_MortalityTechnicalRateInSolesUsedInEstimationOfInsuranceReserves" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MortalityTechnicalRateInSolesUsedInEstimationOfInsuranceReserves" xml:lang="en-US">Mortality technical rate in soles used in estimation of insurance reserves</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MortalityTechnicalRateInSolesUsedInEstimationOfInsuranceReserves" xlink:to="lab_bap_MortalityTechnicalRateInSolesUsedInEstimationOfInsuranceReserves" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_MortalityTechnicalRateInSolesUsedInEstimationOfInsuranceReserves" xml:lang="en-US">The mortality technical rate in soles used in estimation of retirement, disability and survival annuities and individual life reserves.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MortalityTechnicalRateInAdjustedSolesUsedInEstimationOfInsuranceReserves" xlink:label="loc_bap_MortalityTechnicalRateInAdjustedSolesUsedInEstimationOfInsuranceReserves" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MortalityTechnicalRateInAdjustedSolesUsedInEstimationOfInsuranceReserves" xml:lang="en-US">Mortality technical rate in adjusted soles used in estimation of insurance reserves</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MortalityTechnicalRateInAdjustedSolesUsedInEstimationOfInsuranceReserves" xlink:to="lab_bap_MortalityTechnicalRateInAdjustedSolesUsedInEstimationOfInsuranceReserves" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_MortalityTechnicalRateInAdjustedSolesUsedInEstimationOfInsuranceReserves" 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>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MortalityTechnicalRateInAdjustedDollarsUsedInEstimationOfInsuranceReserves" xlink:label="loc_bap_MortalityTechnicalRateInAdjustedDollarsUsedInEstimationOfInsuranceReserves" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MortalityTechnicalRateInAdjustedDollarsUsedInEstimationOfInsuranceReserves" xml:lang="en-US">Mortality technical rate in adjusted dollars used in estimation of insurance reserves</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MortalityTechnicalRateInAdjustedDollarsUsedInEstimationOfInsuranceReserves" xlink:to="lab_bap_MortalityTechnicalRateInAdjustedDollarsUsedInEstimationOfInsuranceReserves" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_MortalityTechnicalRateInAdjustedDollarsUsedInEstimationOfInsuranceReserves" 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>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ClaimReserve" xlink:label="loc_bap_ClaimReserve" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ClaimReserve" xml:lang="en-US">Claim reserve</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ClaimReserve" xlink:to="lab_bap_ClaimReserve" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ClaimReserve" xml:lang="en-US">Amount of claim reserve as on the date</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AmountOfReserveAfterChangesInInterestRateBy100PositiveBasePoints" xlink:label="loc_bap_AmountOfReserveAfterChangesInInterestRateBy100PositiveBasePoints" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AmountOfReserveAfterChangesInInterestRateBy100PositiveBasePoints" xml:lang="en-US">Amount of reserve after changes in interest rate by 100 positive base points</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AmountOfReserveAfterChangesInInterestRateBy100PositiveBasePoints" xlink:to="lab_bap_AmountOfReserveAfterChangesInInterestRateBy100PositiveBasePoints" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AmountOfReserveAfterChangesInInterestRateBy100PositiveBasePoints" xml:lang="en-US">The amount of reserve after changes in interest rate by 100 positive base points.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AmountOfReserveAfterChangesInInterestRateBy100NegativeBasePoints" xlink:label="loc_bap_AmountOfReserveAfterChangesInInterestRateBy100NegativeBasePoints" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AmountOfReserveAfterChangesInInterestRateBy100NegativeBasePoints" xml:lang="en-US">Amount of reserve after changes in interest rate by 100 negative base points</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AmountOfReserveAfterChangesInInterestRateBy100NegativeBasePoints" xlink:to="lab_bap_AmountOfReserveAfterChangesInInterestRateBy100NegativeBasePoints" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AmountOfReserveAfterChangesInInterestRateBy100NegativeBasePoints" xml:lang="en-US">The amount of reserve after changes in interest rate by 100 negative base points.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AmountOfReserveAfterIncreaseInMortalitysBy5Percent" xlink:label="loc_bap_AmountOfReserveAfterIncreaseInMortalitysBy5Percent" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AmountOfReserveAfterIncreaseInMortalitysBy5Percent" 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="lab_bap_AmountOfReserveAfterIncreaseInMortalitysBy5Percent" xml:lang="en-US">Amount of reserve after increase in mortality tables by 105 percent</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AmountOfReserveAfterIncreaseInMortalitysBy5Percent" xlink:to="lab_bap_AmountOfReserveAfterIncreaseInMortalitysBy5Percent" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AmountOfReserveAfterIncreaseInMortalitysBy5Percent" xml:lang="en-US">The amount of reserve after increase in mortality tables by 5%.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AmountOfReserveAfterDecreaseInMortalitysBy5Percent" xlink:label="loc_bap_AmountOfReserveAfterDecreaseInMortalitysBy5Percent" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AmountOfReserveAfterDecreaseInMortalitysBy5Percent" 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="lab_bap_AmountOfReserveAfterDecreaseInMortalitysBy5Percent" xml:lang="en-US">Amount of reserve after decrease in mortality tables by 95 percent</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AmountOfReserveAfterDecreaseInMortalitysBy5Percent" xlink:to="lab_bap_AmountOfReserveAfterDecreaseInMortalitysBy5Percent" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AmountOfReserveAfterDecreaseInMortalitysBy5Percent" xml:lang="en-US">The amount of reserve after decrease in mortality tables by 5%.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AmountOfVariationOfReserveOnChangesInInterestRateBy100PositiveBasePoints" xlink:label="loc_bap_AmountOfVariationOfReserveOnChangesInInterestRateBy100PositiveBasePoints" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AmountOfVariationOfReserveOnChangesInInterestRateBy100PositiveBasePoints" 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="lab_bap_AmountOfVariationOfReserveOnChangesInInterestRateBy100PositiveBasePoints" xml:lang="en-US">Amount of variation of reserve on changes in interest rate by 100 positive base points</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AmountOfVariationOfReserveOnChangesInInterestRateBy100PositiveBasePoints" xlink:to="lab_bap_AmountOfVariationOfReserveOnChangesInInterestRateBy100PositiveBasePoints" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AmountOfVariationOfReserveOnChangesInInterestRateBy100PositiveBasePoints" xml:lang="en-US">The amount of increase (decrease) in reserve on changes in interest rate by 100 positive base points.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AmountOfVariationOfReserveOnChangesInInterestRateBy100NegativeBasePoints" xlink:label="loc_bap_AmountOfVariationOfReserveOnChangesInInterestRateBy100NegativeBasePoints" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AmountOfVariationOfReserveOnChangesInInterestRateBy100NegativeBasePoints" 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="lab_bap_AmountOfVariationOfReserveOnChangesInInterestRateBy100NegativeBasePoints" xml:lang="en-US">Amount of variation of reserve on changes in interest rate by 100 negative base points</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AmountOfVariationOfReserveOnChangesInInterestRateBy100NegativeBasePoints" xlink:to="lab_bap_AmountOfVariationOfReserveOnChangesInInterestRateBy100NegativeBasePoints" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AmountOfVariationOfReserveOnChangesInInterestRateBy100NegativeBasePoints" xml:lang="en-US">The amount of increase (decrease) in reserve on changes in interest rate by 100 negative base points.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AmountOfVariationOfReserveOnIncreaseInMortalitysBy5Percent" xlink:label="loc_bap_AmountOfVariationOfReserveOnIncreaseInMortalitysBy5Percent" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AmountOfVariationOfReserveOnIncreaseInMortalitysBy5Percent" 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="lab_bap_AmountOfVariationOfReserveOnIncreaseInMortalitysBy5Percent" xml:lang="en-US">Amount of variation of reserve on increase in mortality tables by 105 percent</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AmountOfVariationOfReserveOnIncreaseInMortalitysBy5Percent" xlink:to="lab_bap_AmountOfVariationOfReserveOnIncreaseInMortalitysBy5Percent" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AmountOfVariationOfReserveOnIncreaseInMortalitysBy5Percent" xml:lang="en-US">The amount of increase (decrease) in reserve on increase in mortality tables by 5%.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AmountOfVariationOfReserveOnDecreaseInMortalitysBy5Percent" xlink:label="loc_bap_AmountOfVariationOfReserveOnDecreaseInMortalitysBy5Percent" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AmountOfVariationOfReserveOnDecreaseInMortalitysBy5Percent" 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="lab_bap_AmountOfVariationOfReserveOnDecreaseInMortalitysBy5Percent" xml:lang="en-US">Amount of variation of reserve on decrease in mortality tables by 95 percent</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AmountOfVariationOfReserveOnDecreaseInMortalitysBy5Percent" xlink:to="lab_bap_AmountOfVariationOfReserveOnDecreaseInMortalitysBy5Percent" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AmountOfVariationOfReserveOnDecreaseInMortalitysBy5Percent" xml:lang="en-US">The amount of increase (decrease) in reserve on decrease in mortality tables by 5%.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PercentageOfVariantionOfReserveOnChangesInInterestRateBy100PositiveBasePoints" xlink:label="loc_bap_PercentageOfVariantionOfReserveOnChangesInInterestRateBy100PositiveBasePoints" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PercentageOfVariantionOfReserveOnChangesInInterestRateBy100PositiveBasePoints" 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="lab_bap_PercentageOfVariantionOfReserveOnChangesInInterestRateBy100PositiveBasePoints" xml:lang="en-US">Percentage of variantion of reserve on changes in interest rate by 100 positive base points</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PercentageOfVariantionOfReserveOnChangesInInterestRateBy100PositiveBasePoints" xlink:to="lab_bap_PercentageOfVariantionOfReserveOnChangesInInterestRateBy100PositiveBasePoints" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_PercentageOfVariantionOfReserveOnChangesInInterestRateBy100PositiveBasePoints" xml:lang="en-US">The percentage of increase (decrease) in reserve on changes in interest rate by 100 positive base points.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PercentageOfVariantionOfReserveOnChangesInInterestRateBy100NegativeBasePoints" xlink:label="loc_bap_PercentageOfVariantionOfReserveOnChangesInInterestRateBy100NegativeBasePoints" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PercentageOfVariantionOfReserveOnChangesInInterestRateBy100NegativeBasePoints" xml:lang="en-US">Percentage of variantion of reserve on changes in interest rate by 100 negative base points</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PercentageOfVariantionOfReserveOnChangesInInterestRateBy100NegativeBasePoints" xlink:to="lab_bap_PercentageOfVariantionOfReserveOnChangesInInterestRateBy100NegativeBasePoints" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_PercentageOfVariantionOfReserveOnChangesInInterestRateBy100NegativeBasePoints" xml:lang="en-US">The percentage of increase (decrease) in reserve on changes in interest rate by 100 negative base points.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PercentageOfVariationOfReserveOnIncreaseInMortalitysBy5Percent" xlink:label="loc_bap_PercentageOfVariationOfReserveOnIncreaseInMortalitysBy5Percent" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PercentageOfVariationOfReserveOnIncreaseInMortalitysBy5Percent" 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="lab_bap_PercentageOfVariationOfReserveOnIncreaseInMortalitysBy5Percent" xml:lang="en-US">Percentage of variation of reserve on increase in mortality tables by 105 percent</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PercentageOfVariationOfReserveOnIncreaseInMortalitysBy5Percent" xlink:to="lab_bap_PercentageOfVariationOfReserveOnIncreaseInMortalitysBy5Percent" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_PercentageOfVariationOfReserveOnIncreaseInMortalitysBy5Percent" xml:lang="en-US">The percentage of increase (decrease) in reserve on increase in mortality tables by 5%.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PercentageOfVariationOfReserveOnDecreaseInMortalitysBy5Percent" xlink:label="loc_bap_PercentageOfVariationOfReserveOnDecreaseInMortalitysBy5Percent" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PercentageOfVariationOfReserveOnDecreaseInMortalitysBy5Percent" 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="lab_bap_PercentageOfVariationOfReserveOnDecreaseInMortalitysBy5Percent" xml:lang="en-US">Percentage of variation of reserve on decrease in mortality tables by 95 percent</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PercentageOfVariationOfReserveOnDecreaseInMortalitysBy5Percent" xlink:to="lab_bap_PercentageOfVariationOfReserveOnDecreaseInMortalitysBy5Percent" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_PercentageOfVariationOfReserveOnDecreaseInMortalitysBy5Percent" xml:lang="en-US">The percentage of increase (decrease) in reserve on decrease in mortality tables by 5%.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PeruvianSolMember" xlink:label="loc_bap_PeruvianSolMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PeruvianSolMember" xml:lang="en-US">Peruvian sol [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_PeruvianSolMember" xml:lang="en-US">PEN [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PeruvianSolMember" xlink:to="lab_bap_PeruvianSolMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MathematicReserveMember" xlink:label="loc_bap_MathematicReserveMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MathematicReserveMember" xml:lang="en-US">Mathematic reserve [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MathematicReserveMember" xlink:to="lab_bap_MathematicReserveMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClaimsIncurredButNotReported" xlink:label="loc_ifrs-full_ClaimsIncurredButNotReported" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ClaimsIncurredButNotReported" xml:lang="en-US">Claims incurred but not reported</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClaimsIncurredButNotReported" xlink:to="lab_ifrs-full_ClaimsIncurredButNotReported" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfBondsAndNotesIssuedTable" xlink:label="loc_bap_DisclosureOfBondsAndNotesIssuedTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfBondsAndNotesIssuedTable" xml:lang="en-US">Disclosure of bonds and notes issued [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfBondsAndNotesIssuedTable" xlink:to="lab_bap_DisclosureOfBondsAndNotesIssuedTable" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FixedInterestRateMember" xlink:label="loc_ifrs-full_FixedInterestRateMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FixedInterestRateMember" xml:lang="en-US">Fixed interest rate [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FixedInterestRateMember" xlink:to="lab_ifrs-full_FixedInterestRateMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TwoThousandTwelveSeriesCFloatingRateMember" xlink:label="loc_bap_TwoThousandTwelveSeriesCFloatingRateMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TwoThousandTwelveSeriesCFloatingRateMember" xml:lang="en-US">Two Thousand Twelve Series C Floating Rate [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TwoThousandTwelveSeriesCFloatingRateMember" xlink:to="lab_bap_TwoThousandTwelveSeriesCFloatingRateMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FloatingInterestRateMemberMember" xlink:label="loc_bap_FloatingInterestRateMemberMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FloatingInterestRateMemberMember" xml:lang="en-US">Floating Interest Rate Member [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FloatingInterestRateMemberMember" xlink:to="lab_bap_FloatingInterestRateMemberMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SeniorNotesOneMember" xlink:label="loc_bap_SeniorNotesOneMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SeniorNotesOneMember" xml:lang="en-US">Senior Notes One [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SeniorNotesOneMember" xlink:to="lab_bap_SeniorNotesOneMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SeniorNotesTwoMember" xlink:label="loc_bap_SeniorNotesTwoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SeniorNotesTwoMember" xml:lang="en-US">Senior Notes Two [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SeniorNotesTwoMember" xlink:to="lab_bap_SeniorNotesTwoMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SeniorNotesThreeMember" xlink:label="loc_bap_SeniorNotesThreeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SeniorNotesThreeMember" xml:lang="en-US">Senior Notes Three [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SeniorNotesThreeMember" xlink:to="lab_bap_SeniorNotesThreeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SeniorNotesFourMember" xlink:label="loc_bap_SeniorNotesFourMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SeniorNotesFourMember" xml:lang="en-US">Senior Notes Four [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SeniorNotesFourMember" xlink:to="lab_bap_SeniorNotesFourMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CcrIncMmt100SecuredNotesMember" xlink:label="loc_bap_CcrIncMmt100SecuredNotesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CcrIncMmt100SecuredNotesMember" xml:lang="en-US">CCR Inc. MMT 100 - Secured notes [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CcrIncMmt100SecuredNotesMember" xlink:to="lab_bap_CcrIncMmt100SecuredNotesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CorporateBondsSecondProgramTwoMember" xlink:label="loc_bap_CorporateBondsSecondProgramTwoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CorporateBondsSecondProgramTwoMember" xml:lang="en-US">Corporate bonds Second Program Two [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CorporateBondsSecondProgramTwoMember" xlink:to="lab_bap_CorporateBondsSecondProgramTwoMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CorporateBondsFourthProgramTwoMember" xlink:label="loc_bap_CorporateBondsFourthProgramTwoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CorporateBondsFourthProgramTwoMember" xml:lang="en-US">Corporate bonds Fourth Program Two [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CorporateBondsFourthProgramTwoMember" xlink:to="lab_bap_CorporateBondsFourthProgramTwoMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CorporateBondsFourthProgramThreeMember" xlink:label="loc_bap_CorporateBondsFourthProgramThreeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CorporateBondsFourthProgramThreeMember" xml:lang="en-US">Corporate bonds Fourth Program Three [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CorporateBondsFourthProgramThreeMember" xlink:to="lab_bap_CorporateBondsFourthProgramThreeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CorporateBondsFourthProgramFourMember" xlink:label="loc_bap_CorporateBondsFourthProgramFourMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CorporateBondsFourthProgramFourMember" xml:lang="en-US">Corporate bonds Fourth Program Four [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CorporateBondsFourthProgramFourMember" xlink:to="lab_bap_CorporateBondsFourthProgramFourMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CorporateBondsFifthProgramOneMember" xlink:label="loc_bap_CorporateBondsFifthProgramOneMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CorporateBondsFifthProgramOneMember" xml:lang="en-US">Corporate bonds Fifth Program One [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CorporateBondsFifthProgramOneMember" xlink:to="lab_bap_CorporateBondsFifthProgramOneMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CorporateBondsFifthProgramTwoMember" xlink:label="loc_bap_CorporateBondsFifthProgramTwoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CorporateBondsFifthProgramTwoMember" xml:lang="en-US">Corporate bonds Fifth Program Two [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CorporateBondsFifthProgramTwoMember" xlink:to="lab_bap_CorporateBondsFifthProgramTwoMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CorporateBondsFifthProgramThreeMember" xlink:label="loc_bap_CorporateBondsFifthProgramThreeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CorporateBondsFifthProgramThreeMember" xml:lang="en-US">Corporate bonds Fifth Program Three [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CorporateBondsFifthProgramThreeMember" xlink:to="lab_bap_CorporateBondsFifthProgramThreeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SubordinatedBondsBcpOneMember" xlink:label="loc_bap_SubordinatedBondsBcpOneMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SubordinatedBondsBcpOneMember" xml:lang="en-US">Subordinated bonds - BCP One [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SubordinatedBondsBcpOneMember" xlink:to="lab_bap_SubordinatedBondsBcpOneMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SubordinatedBondsBcpTwoMember" xlink:label="loc_bap_SubordinatedBondsBcpTwoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SubordinatedBondsBcpTwoMember" xml:lang="en-US">Subordinated bonds - BCP Two [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SubordinatedBondsBcpTwoMember" xlink:to="lab_bap_SubordinatedBondsBcpTwoMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_JuniorSubordinatedBondsBcpMember" xlink:label="loc_bap_JuniorSubordinatedBondsBcpMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_JuniorSubordinatedBondsBcpMember" xml:lang="en-US">Junior Subordinated bonds - BCP [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_JuniorSubordinatedBondsBcpMember" xlink:to="lab_bap_JuniorSubordinatedBondsBcpMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SubordinatedBondsFirstProgramOneMember" xlink:label="loc_bap_SubordinatedBondsFirstProgramOneMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SubordinatedBondsFirstProgramOneMember" xml:lang="en-US">Subordinated bonds First Program One [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SubordinatedBondsFirstProgramOneMember" xlink:to="lab_bap_SubordinatedBondsFirstProgramOneMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SubordinatedBondsFirstProgramTwoMember" xlink:label="loc_bap_SubordinatedBondsFirstProgramTwoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SubordinatedBondsFirstProgramTwoMember" xml:lang="en-US">Subordinated bonds First Program Two [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SubordinatedBondsFirstProgramTwoMember" xlink:to="lab_bap_SubordinatedBondsFirstProgramTwoMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SubordinatedBondsSecondProgramOneMember" xlink:label="loc_bap_SubordinatedBondsSecondProgramOneMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SubordinatedBondsSecondProgramOneMember" xml:lang="en-US">Subordinated bonds Second Program One [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SubordinatedBondsSecondProgramOneMember" xlink:to="lab_bap_SubordinatedBondsSecondProgramOneMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SubordinatedBondsSecondProgramTwoMember" xlink:label="loc_bap_SubordinatedBondsSecondProgramTwoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SubordinatedBondsSecondProgramTwoMember" xml:lang="en-US">Subordinated bonds Second Program Two [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SubordinatedBondsSecondProgramTwoMember" xlink:to="lab_bap_SubordinatedBondsSecondProgramTwoMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_NegotiableCertificateOfDepositMibancoMember" xlink:label="loc_bap_NegotiableCertificateOfDepositMibancoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_NegotiableCertificateOfDepositMibancoMember" xml:lang="en-US">Negotiable certificate of deposit - Mibanco [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_NegotiableCertificateOfDepositMibancoMember" xlink:to="lab_bap_NegotiableCertificateOfDepositMibancoMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SubordinatedNegotiableCertificatesBcpMember" xlink:label="loc_bap_SubordinatedNegotiableCertificatesBcpMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SubordinatedNegotiableCertificatesBcpMember" xml:lang="en-US">Subordinated negotiable certificates - BCP [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SubordinatedNegotiableCertificatesBcpMember" xlink:to="lab_bap_SubordinatedNegotiableCertificatesBcpMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_LeasingBondsFifthProgramMember" xlink:label="loc_bap_LeasingBondsFifthProgramMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_LeasingBondsFifthProgramMember" xml:lang="en-US">Leasing bonds Fifth Program [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_LeasingBondsFifthProgramMember" xlink:to="lab_bap_LeasingBondsFifthProgramMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CorporateBondsFifthProgramFourMember" xlink:label="loc_bap_CorporateBondsFifthProgramFourMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CorporateBondsFifthProgramFourMember" xml:lang="en-US">Corporate bonds Fifth Program Four [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CorporateBondsFifthProgramFourMember" xlink:to="lab_bap_CorporateBondsFifthProgramFourMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SubordinatedBondsThirdProgramOneMember" xlink:label="loc_bap_SubordinatedBondsThirdProgramOneMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SubordinatedBondsThirdProgramOneMember" xml:lang="en-US">Subordinated bonds Third Program One [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SubordinatedBondsThirdProgramOneMember" xlink:to="lab_bap_SubordinatedBondsThirdProgramOneMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SubordinatedBondsThirdProgramTwoMember" xlink:label="loc_bap_SubordinatedBondsThirdProgramTwoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SubordinatedBondsThirdProgramTwoMember" xml:lang="en-US">Subordinated bonds Third Program Two [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SubordinatedBondsThirdProgramTwoMember" xlink:to="lab_bap_SubordinatedBondsThirdProgramTwoMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SubordinatedBondsThirdProgramThreeMember" xlink:label="loc_bap_SubordinatedBondsThirdProgramThreeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SubordinatedBondsThirdProgramThreeMember" xml:lang="en-US">Subordinated bonds Third Program Three [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SubordinatedBondsThirdProgramThreeMember" xlink:to="lab_bap_SubordinatedBondsThirdProgramThreeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SubordinatedBondsThirdProgramFourMember" xlink:label="loc_bap_SubordinatedBondsThirdProgramFourMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SubordinatedBondsThirdProgramFourMember" xml:lang="en-US">Subordinated bonds Third Program Four [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SubordinatedBondsThirdProgramFourMember" xlink:to="lab_bap_SubordinatedBondsThirdProgramFourMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SeniorNoteMember" xlink:label="loc_bap_SeniorNoteMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SeniorNoteMember" xml:lang="en-US">Senior note [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SeniorNoteMember" xlink:to="lab_bap_SeniorNoteMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SeniorNotesFiveMember" xlink:label="loc_bap_SeniorNotesFiveMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SeniorNotesFiveMember" xml:lang="en-US">Senior Notes Five [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SeniorNotesFiveMember" xlink:to="lab_bap_SeniorNotesFiveMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CorporateBondsFifthProgramFiveMember" xlink:label="loc_bap_CorporateBondsFifthProgramFiveMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CorporateBondsFifthProgramFiveMember" xml:lang="en-US">Corporate Bonds Fifth Program Five [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CorporateBondsFifthProgramFiveMember" xlink:to="lab_bap_CorporateBondsFifthProgramFiveMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CorporateBondsFifthProgramSixMember" xlink:label="loc_bap_CorporateBondsFifthProgramSixMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CorporateBondsFifthProgramSixMember" xml:lang="en-US">Corporate Bonds Fifth Program Six [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CorporateBondsFifthProgramSixMember" xlink:to="lab_bap_CorporateBondsFifthProgramSixMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfBondsAndNotesIssuedLineItems" xlink:label="loc_bap_DisclosureOfBondsAndNotesIssuedLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfBondsAndNotesIssuedLineItems" xml:lang="en-US">Disclosure of bonds and notes issued [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfBondsAndNotesIssuedLineItems" xlink:to="lab_bap_DisclosureOfBondsAndNotesIssuedLineItems" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BorrowingsInterestPaymentBasis" xlink:label="loc_bap_BorrowingsInterestPaymentBasis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BorrowingsInterestPaymentBasis" xml:lang="en-US">Borrowings Interest Payment Basis</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BorrowingsInterestPaymentBasis" xlink:to="lab_bap_BorrowingsInterestPaymentBasis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_BorrowingsInterestPaymentBasis" xml:lang="en-US">The description of the basis and the frequency of interest payment.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NotionalAmount" xlink:label="loc_ifrs-full_NotionalAmount" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_NotionalAmount" xml:lang="en-US">Notional amount</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_NotionalAmount" xml:lang="en-US">Issued amount</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NotionalAmount" xlink:to="lab_ifrs-full_NotionalAmount" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_NotesAndDebentureIssuedExcludingAccruedInterest" xlink:label="loc_bap_NotesAndDebentureIssuedExcludingAccruedInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_NotesAndDebentureIssuedExcludingAccruedInterest" xml:lang="en-US">Notes And Debenture Issued Excluding Accrued Interest</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_NotesAndDebentureIssuedExcludingAccruedInterest" xlink:to="lab_bap_NotesAndDebentureIssuedExcludingAccruedInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_NotesAndDebentureIssuedExcludingAccruedInterest" xml:lang="en-US">The amount of notes and debentures excluding accrued interest issued by the entity.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InterestPayable" xlink:label="loc_ifrs-full_InterestPayable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_InterestPayable" xml:lang="en-US">Interest payable</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestPayable" xlink:to="lab_ifrs-full_InterestPayable" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FloatingInterestRateMember" xlink:label="loc_ifrs-full_FloatingInterestRateMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FloatingInterestRateMember" xml:lang="en-US">Floating interest rate [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FloatingInterestRateMember" xlink:to="lab_ifrs-full_FloatingInterestRateMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReclassifiedItemsAxis" xlink:label="loc_ifrs-full_ReclassifiedItemsAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ReclassifiedItemsAxis" xml:lang="en-US">Reclassified items [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReclassifiedItemsAxis" xlink:to="lab_ifrs-full_ReclassifiedItemsAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReclassifiedItemsMember" xlink:label="loc_ifrs-full_ReclassifiedItemsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ReclassifiedItemsMember" xml:lang="en-US">Reclassified items [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReclassifiedItemsMember" xlink:to="lab_ifrs-full_ReclassifiedItemsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SubsequentEventsMember" xlink:label="loc_bap_SubsequentEventsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SubsequentEventsMember" xml:lang="en-US">Subsequent Events [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SubsequentEventsMember" xlink:to="lab_bap_SubsequentEventsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue" xlink:label="loc_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue" xml:lang="en-US">Financial instruments designated as hedging instruments, at fair value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue" xlink:to="lab_ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CategoriesOfFinancialLiabilitiesAxis" xlink:label="loc_ifrs-full_CategoriesOfFinancialLiabilitiesAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CategoriesOfFinancialLiabilitiesAxis" xml:lang="en-US">Categories of financial liabilities [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CategoriesOfFinancialLiabilitiesAxis" xlink:to="lab_ifrs-full_CategoriesOfFinancialLiabilitiesAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialLiabilitiesCategoryMember" xlink:label="loc_ifrs-full_FinancialLiabilitiesCategoryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialLiabilitiesCategoryMember" xml:lang="en-US">Financial liabilities, category [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilitiesCategoryMember" xlink:to="lab_ifrs-full_FinancialLiabilitiesCategoryMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DerivativesMember" xlink:label="loc_ifrs-full_DerivativesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DerivativesMember" xml:lang="en-US">Derivatives [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DerivativesMember" xlink:to="lab_ifrs-full_DerivativesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ConsolidatedIncomeMember" xlink:label="loc_bap_ConsolidatedIncomeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ConsolidatedIncomeMember" xml:lang="en-US">Consolidated income [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ConsolidatedIncomeMember" xlink:to="lab_bap_ConsolidatedIncomeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfEquityTable" xlink:label="loc_bap_DisclosureOfEquityTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfEquityTable" xml:lang="en-US">Disclosure of equity [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfEquityTable" xlink:to="lab_bap_DisclosureOfEquityTable" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AtlanticSecurityHoldingCorporationTreasurySharesMember" xlink:label="loc_bap_AtlanticSecurityHoldingCorporationTreasurySharesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AtlanticSecurityHoldingCorporationTreasurySharesMember" xml:lang="en-US">Atlantic security holding corporation treasury shares [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AtlanticSecurityHoldingCorporationTreasurySharesMember" xlink:to="lab_bap_AtlanticSecurityHoldingCorporationTreasurySharesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TreasurySharesUnderSharebasedCompensationPlansMember" xlink:label="loc_bap_TreasurySharesUnderSharebasedCompensationPlansMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TreasurySharesUnderSharebasedCompensationPlansMember" xml:lang="en-US">Treasury shares under share-based compensation plans [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TreasurySharesUnderSharebasedCompensationPlansMember" xlink:to="lab_bap_TreasurySharesUnderSharebasedCompensationPlansMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherTreasuySharesMember" xlink:label="loc_bap_OtherTreasuySharesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherTreasuySharesMember" xml:lang="en-US">Other treasuy shares [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherTreasuySharesMember" xlink:to="lab_bap_OtherTreasuySharesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfEquityLineItems" xlink:label="loc_bap_DisclosureOfEquityLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfEquityLineItems" xml:lang="en-US">Disclosure of equity [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfEquityLineItems" xlink:to="lab_bap_DisclosureOfEquityLineItems" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NumberOfSharesOutstanding" xlink:label="loc_ifrs-full_NumberOfSharesOutstanding" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_NumberOfSharesOutstanding" xml:lang="en-US">Number of shares outstanding</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfSharesOutstanding" xlink:to="lab_ifrs-full_NumberOfSharesOutstanding" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReservesWithinEquityAxis" xlink:label="loc_ifrs-full_ReservesWithinEquityAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ReservesWithinEquityAxis" xml:lang="en-US">Reserves within equity [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReservesWithinEquityAxis" xlink:to="lab_ifrs-full_ReservesWithinEquityAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherReservesMember" xlink:label="loc_ifrs-full_OtherReservesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_OtherReservesMember" xml:lang="en-US">Other reserves [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherReservesMember" xlink:to="lab_ifrs-full_OtherReservesMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" xlink:label="loc_ifrs-full_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" xml:lang="en-US">Reserve of gains and losses on financial assets measured at fair value through other comprehensive income [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" xml:lang="en-US">Reserve for investments at fair value through other comprehensive income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" xlink:to="lab_ifrs-full_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherReserveMember" xlink:label="loc_bap_OtherReserveMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherReserveMember" xml:lang="en-US">Other reserve [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_OtherReserveMember" xml:lang="en-US">Other reserves [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherReserveMember" xlink:to="lab_bap_OtherReserveMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsNetOfTax" xlink:label="loc_ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsNetOfTax" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsNetOfTax" 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="lab_ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsNetOfTax" 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="lab_ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsNetOfTax" xml:lang="en-US">Unrealized gains on available-for-sale investments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsNetOfTax" xlink:to="lab_ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsNetOfTax" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsNetOfTax" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsNetOfTax" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsNetOfTax" 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="lab_ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsNetOfTax" xml:lang="en-US">Transfer of net realized gains on investments to profit or loss, net of realized loss</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsNetOfTax" xml:lang="en-US">Transfer of realized gains on available-for-sale investments to profit or loss, net of realized losses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsNetOfTax" xlink:to="lab_ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsNetOfTax" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ImpairmentLossRecognisedInProfitOrLoss" xlink:label="loc_ifrs-full_ImpairmentLossRecognisedInProfitOrLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLoss" xml:lang="en-US">Impairment loss recognised in profit or loss</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLoss" xml:lang="en-US">Transfer of the impairment loss on investments to profit or loss, Note 23</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLoss" xml:lang="en-US">Transfer of impairment losses on available-for-sale investments to profit or loss</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ImpairmentLossRecognisedInProfitOrLoss" xlink:to="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLoss" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax" 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/verboseLabel" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax" xml:lang="en-US">Transfer of net realized losses on cash flow hedges to profit or loss</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax" xml:lang="en-US">Transfer of net realized losses (gains) on cash flow hedges to profit or loss</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax" xlink:to="lab_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" xlink:label="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" 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="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" xml:lang="en-US">Foreign exchange translation</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" xml:lang="en-US">Exchange gains or losses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" xlink:to="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseInAllowanceAccountForCreditLossesOfFinancialAssets" xlink:label="loc_ifrs-full_IncreaseDecreaseInAllowanceAccountForCreditLossesOfFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncreaseDecreaseInAllowanceAccountForCreditLossesOfFinancialAssets" xml:lang="en-US">Increase (decrease) in allowance account for credit losses of financial assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/negativeLabel" xlink:label="lab_ifrs-full_IncreaseDecreaseInAllowanceAccountForCreditLossesOfFinancialAssets" xml:lang="en-US">Credit loss of investments recorded against profit or loss, Note 23</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInAllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="lab_ifrs-full_IncreaseDecreaseInAllowanceAccountForCreditLossesOfFinancialAssets" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CumulativeEffectOfNewAccountingPronouncementOrNewAccountingPrincipleInPeriodOfAdoption" xlink:label="loc_bap_CumulativeEffectOfNewAccountingPronouncementOrNewAccountingPrincipleInPeriodOfAdoption" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CumulativeEffectOfNewAccountingPronouncementOrNewAccountingPrincipleInPeriodOfAdoption" xml:lang="en-US">Cumulative Effect of New Accounting Pronouncement or New Accounting Principle in Period of Adoption</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/negativeLabel" xlink:label="lab_bap_CumulativeEffectOfNewAccountingPronouncementOrNewAccountingPrincipleInPeriodOfAdoption" xml:lang="en-US">Change in accounting policy, Note 3(a)(i)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CumulativeEffectOfNewAccountingPronouncementOrNewAccountingPrincipleInPeriodOfAdoption" xlink:to="lab_bap_CumulativeEffectOfNewAccountingPronouncementOrNewAccountingPrincipleInPeriodOfAdoption" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_CumulativeEffectOfNewAccountingPronouncementOrNewAccountingPrincipleInPeriodOfAdoption" xml:lang="en-US">Amount after tax of increase (decrease) to equity or (increase) decrease to net assets, resulting from the cumulative effect adjustment of a new accounting principle applied in the period of adoption.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherComprehensiveIncomeBeforeTaxAvailableForSaleFinancialAssetsAttributableToNoncontrollingInterest" xlink:label="loc_bap_OtherComprehensiveIncomeBeforeTaxAvailableForSaleFinancialAssetsAttributableToNoncontrollingInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherComprehensiveIncomeBeforeTaxAvailableForSaleFinancialAssetsAttributableToNoncontrollingInterest" xml:lang="en-US">Other Comprehensive Income Before Tax Available for sale Financial Assets Attributable To Non-Controlling Interest</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_OtherComprehensiveIncomeBeforeTaxAvailableForSaleFinancialAssetsAttributableToNoncontrollingInterest" xml:lang="en-US">Non-controlling interest</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherComprehensiveIncomeBeforeTaxAvailableForSaleFinancialAssetsAttributableToNoncontrollingInterest" xlink:to="lab_bap_OtherComprehensiveIncomeBeforeTaxAvailableForSaleFinancialAssetsAttributableToNoncontrollingInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_OtherComprehensiveIncomeBeforeTaxAvailableForSaleFinancialAssetsAttributableToNoncontrollingInterest" xml:lang="en-US">The amount of other comprehensive income, net of tax, related to available-for-sale financial assets for non-controlling interest.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherComprehensiveIncomeNetOfTaxAvailableforsaleFinancialAsset" xlink:label="loc_bap_OtherComprehensiveIncomeNetOfTaxAvailableforsaleFinancialAsset" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherComprehensiveIncomeNetOfTaxAvailableforsaleFinancialAsset" xml:lang="en-US">Other comprehensive income, net of tax, available-for-sale financial asset</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_OtherComprehensiveIncomeNetOfTaxAvailableforsaleFinancialAsset" xml:lang="en-US">Other comprehensive income, net of tax, available-for-sale financial assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherComprehensiveIncomeNetOfTaxAvailableforsaleFinancialAsset" xlink:to="lab_bap_OtherComprehensiveIncomeNetOfTaxAvailableforsaleFinancialAsset" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_OtherComprehensiveIncomeNetOfTaxAvailableforsaleFinancialAsset" xml:lang="en-US">The amount of other comprehensive income, net of tax, related to available-for-sale financial assets. [Refer: Financial assets available-for-sale; Other comprehensive income]</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashFlowHedgesAbstract" xlink:label="loc_ifrs-full_CashFlowHedgesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CashFlowHedgesAbstract" xml:lang="en-US">Cash flow hedges [abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_CashFlowHedgesAbstract" xml:lang="en-US">Cash flow hedge:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowHedgesAbstract" xlink:to="lab_ifrs-full_CashFlowHedgesAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherComprehensiveIncomeBeforeTaxCashFlowHedgesAttributableToNoncontrollingInterest" xlink:label="loc_bap_OtherComprehensiveIncomeBeforeTaxCashFlowHedgesAttributableToNoncontrollingInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherComprehensiveIncomeBeforeTaxCashFlowHedgesAttributableToNoncontrollingInterest" 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="lab_bap_OtherComprehensiveIncomeBeforeTaxCashFlowHedgesAttributableToNoncontrollingInterest" xml:lang="en-US">Non-controlling interest</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherComprehensiveIncomeBeforeTaxCashFlowHedgesAttributableToNoncontrollingInterest" xlink:to="lab_bap_OtherComprehensiveIncomeBeforeTaxCashFlowHedgesAttributableToNoncontrollingInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_OtherComprehensiveIncomeBeforeTaxCashFlowHedgesAttributableToNoncontrollingInterest" xml:lang="en-US">The amount of other comprehensive income, net of tax, related to cash flow hedges attributable to non-controlling interest.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ExchangeDifferencesOnTranslationAbstract" xlink:label="loc_ifrs-full_ExchangeDifferencesOnTranslationAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ExchangeDifferencesOnTranslationAbstract" 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="lab_ifrs-full_ExchangeDifferencesOnTranslationAbstract" xml:lang="en-US">Foreign exchange translation:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExchangeDifferencesOnTranslationAbstract" xlink:to="lab_ifrs-full_ExchangeDifferencesOnTranslationAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationAttributableToNoncontrollingInterest" xlink:label="loc_bap_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationAttributableToNoncontrollingInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationAttributableToNoncontrollingInterest" 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="lab_bap_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationAttributableToNoncontrollingInterest" xml:lang="en-US">Non-controlling interest</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationAttributableToNoncontrollingInterest" xlink:to="lab_bap_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationAttributableToNoncontrollingInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationAttributableToNoncontrollingInterest" 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>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_UnrealizedGainLossOnInvestment" xlink:label="loc_bap_UnrealizedGainLossOnInvestment" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_UnrealizedGainLossOnInvestment" xml:lang="en-US">Unrealized Gain Loss on Investment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_UnrealizedGainLossOnInvestment" xml:lang="en-US">Unrealized losses on investments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_UnrealizedGainLossOnInvestment" xlink:to="lab_bap_UnrealizedGainLossOnInvestment" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_UnrealizedGainLossOnInvestment" 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>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" 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="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xml:lang="en-US">Sub total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherComprehensiveIncomeInvestmentAtFairValueAttributableToNoncontrollingInterest" xlink:label="loc_bap_OtherComprehensiveIncomeInvestmentAtFairValueAttributableToNoncontrollingInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherComprehensiveIncomeInvestmentAtFairValueAttributableToNoncontrollingInterest" 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="lab_bap_OtherComprehensiveIncomeInvestmentAtFairValueAttributableToNoncontrollingInterest" xml:lang="en-US">Non-controlling interest</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherComprehensiveIncomeInvestmentAtFairValueAttributableToNoncontrollingInterest" xlink:to="lab_bap_OtherComprehensiveIncomeInvestmentAtFairValueAttributableToNoncontrollingInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_OtherComprehensiveIncomeInvestmentAtFairValueAttributableToNoncontrollingInterest" xml:lang="en-US">The amount of other comprehensive income, net of tax, related to investment at fair value for non-controlling interest.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax" 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="lab_ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax" xml:lang="en-US">Transfer of realized gains on available-for-sale investments to profit or loss, net of realized losses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax" xlink:to="lab_ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TransferOfExpectedLossesOnInvestmentsToProfitOrLoss" xlink:label="loc_bap_TransferOfExpectedLossesOnInvestmentsToProfitOrLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TransferOfExpectedLossesOnInvestmentsToProfitOrLoss" xml:lang="en-US">Transfer of expected losses on investments to profit or loss</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TransferOfExpectedLossesOnInvestmentsToProfitOrLoss" xlink:to="lab_bap_TransferOfExpectedLossesOnInvestmentsToProfitOrLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_TransferOfExpectedLossesOnInvestmentsToProfitOrLoss" xml:lang="en-US">Transfer of expected losses on investments to profit or loss</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CapitalInstrumentsAbstract" xlink:label="loc_bap_CapitalInstrumentsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CapitalInstrumentsAbstract" xml:lang="en-US">Capital instruments [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_CapitalInstrumentsAbstract" xml:lang="en-US">Capital instruments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CapitalInstrumentsAbstract" xlink:to="lab_bap_CapitalInstrumentsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_CapitalInstrumentsAbstract" xml:lang="en-US">XXX_Capital instruments Abstracts</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherComprehensiveIncomeBeforeCapitalInstrumentsToNonControllingInterest" xlink:label="loc_bap_OtherComprehensiveIncomeBeforeCapitalInstrumentsToNonControllingInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherComprehensiveIncomeBeforeCapitalInstrumentsToNonControllingInterest" xml:lang="en-US">Other comprehensive income before capital instruments to non controlling interest</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_OtherComprehensiveIncomeBeforeCapitalInstrumentsToNonControllingInterest" xml:lang="en-US">Non-controlling&#160;interest</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherComprehensiveIncomeBeforeCapitalInstrumentsToNonControllingInterest" xlink:to="lab_bap_OtherComprehensiveIncomeBeforeCapitalInstrumentsToNonControllingInterest" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_OtherComprehensiveIncomeBeforeCapitalInstrumentsToNonControllingInterest" xml:lang="en-US">The amount of other comprehensive income capital instruments related to non controlling interest</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_EntityAxis" xlink:label="loc_bap_EntityAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_EntityAxis" xml:lang="en-US">Entity [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_EntityAxis" xlink:to="lab_bap_EntityAxis" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_LegalEntityDomain" xlink:label="loc_bap_LegalEntityDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_LegalEntityDomain" xml:lang="en-US">Legal Entity [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_LegalEntityDomain" xlink:to="lab_bap_LegalEntityDomain" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_GroupMember" xlink:label="loc_bap_GroupMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_GroupMember" xml:lang="en-US">Group [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_GroupMember" xlink:to="lab_bap_GroupMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NumberOfSharesIssued" xlink:label="loc_ifrs-full_NumberOfSharesIssued" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_NumberOfSharesIssued" xml:lang="en-US">Number of shares issued</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_NumberOfSharesIssued" xml:lang="en-US">Ordinary stock, Note 17(a)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfSharesIssued" xlink:to="lab_ifrs-full_NumberOfSharesIssued" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ParValuePerShare" xlink:label="loc_ifrs-full_ParValuePerShare" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ParValuePerShare" xml:lang="en-US">Par value per share</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ParValuePerShare" xlink:to="lab_ifrs-full_ParValuePerShare" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PurchaseOfNumberOfTreasuryShares" xlink:label="loc_bap_PurchaseOfNumberOfTreasuryShares" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PurchaseOfNumberOfTreasuryShares" xml:lang="en-US">Purchase of number of treasury shares</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PurchaseOfNumberOfTreasuryShares" xlink:to="lab_bap_PurchaseOfNumberOfTreasuryShares" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_PurchaseOfNumberOfTreasuryShares" xml:lang="en-US">The number of treasury stock purchased during the period.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DescriptionOfSignificantRestrictionsOnEntitysstatutoryReserve" xlink:label="loc_bap_DescriptionOfSignificantRestrictionsOnEntitysstatutoryReserve" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DescriptionOfSignificantRestrictionsOnEntitysstatutoryReserve" xml:lang="en-US">Description of significant restrictions on entity's statutory reserve</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DescriptionOfSignificantRestrictionsOnEntitysstatutoryReserve" xlink:to="lab_bap_DescriptionOfSignificantRestrictionsOnEntitysstatutoryReserve" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DescriptionOfSignificantRestrictionsOnEntitysstatutoryReserve" 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>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_StatutoryReserve" xlink:label="loc_ifrs-full_StatutoryReserve" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_StatutoryReserve" xml:lang="en-US">Statutory reserve</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatutoryReserve" xlink:to="lab_ifrs-full_StatutoryReserve" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTransferToStatutoryReserve" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughTransferToStatutoryReserve" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransferToStatutoryReserve" xml:lang="en-US">Increase (decrease) through transfer to statutory reserve, equity</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughTransferToStatutoryReserve" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughTransferToStatutoryReserve" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DividendsPaidOrdinarySharesPerShare" xlink:label="loc_ifrs-full_DividendsPaidOrdinarySharesPerShare" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DividendsPaidOrdinarySharesPerShare" xml:lang="en-US">Dividends paid, ordinary shares per share</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaidOrdinarySharesPerShare" xlink:to="lab_ifrs-full_DividendsPaidOrdinarySharesPerShare" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DividendsRecognisedAsDistributionsToOwnersPerShare" xlink:label="loc_ifrs-full_DividendsRecognisedAsDistributionsToOwnersPerShare" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DividendsRecognisedAsDistributionsToOwnersPerShare" xml:lang="en-US">Dividends recognised as distributions to owners per share</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsRecognisedAsDistributionsToOwnersPerShare" xlink:to="lab_ifrs-full_DividendsRecognisedAsDistributionsToOwnersPerShare" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_WithholdingTaxRate" xlink:label="loc_bap_WithholdingTaxRate" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_WithholdingTaxRate" xml:lang="en-US">Withholding tax rate</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_WithholdingTaxRate" xlink:to="lab_bap_WithholdingTaxRate" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_WithholdingTaxRate" xml:lang="en-US">The rate of withholding tax effect on foreign transactions.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CapitalCommitments" xlink:label="loc_ifrs-full_CapitalCommitments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CapitalCommitments" xml:lang="en-US">Capital commitments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CapitalCommitments" xlink:to="lab_ifrs-full_CapitalCommitments" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_IncreaseOfCapitalRequirement" xlink:label="loc_bap_IncreaseOfCapitalRequirement" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_IncreaseOfCapitalRequirement" xml:lang="en-US">Increase of capital requirement</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_IncreaseOfCapitalRequirement" xlink:to="lab_bap_IncreaseOfCapitalRequirement" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_IncreaseOfCapitalRequirement" xml:lang="en-US">The excess amount of capital commitment held by company during the period.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InterimDividendPayable" xlink:label="loc_bap_InterimDividendPayable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InterimDividendPayable" xml:lang="en-US">Interim dividend payable</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InterimDividendPayable" xlink:to="lab_bap_InterimDividendPayable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_InterimDividendPayable" xml:lang="en-US">The amount of interim dividends that the company has declared.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DateOfDividendPaid" xlink:label="loc_bap_DateOfDividendPaid" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DateOfDividendPaid" xml:lang="en-US">Date of dividend paid</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DateOfDividendPaid" xlink:to="lab_bap_DateOfDividendPaid" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DateOfDividendPaid" xml:lang="en-US">The date on which the declared dividend was paid.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DateOnWhichDividendWillBePaid" xlink:label="loc_bap_DateOnWhichDividendWillBePaid" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DateOnWhichDividendWillBePaid" xml:lang="en-US">Date on which dividend will be paid</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DateOnWhichDividendWillBePaid" xlink:to="lab_bap_DateOnWhichDividendWillBePaid" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DateOnWhichDividendWillBePaid" xml:lang="en-US">The date on which the declared dividend will be paid.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_NonAdjustingEventMemberMember" xlink:label="loc_bap_NonAdjustingEventMemberMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_NonAdjustingEventMemberMember" xml:lang="en-US">Non adjusting Event Member [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_NonAdjustingEventMemberMember" xlink:to="lab_bap_NonAdjustingEventMemberMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ApplicableTaxRate" xlink:label="loc_ifrs-full_ApplicableTaxRate" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ApplicableTaxRate" xml:lang="en-US">Applicable tax rate</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ApplicableTaxRate" xml:lang="en-US">Peruvian statutory income tax rate</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ApplicableTaxRate" xlink:to="lab_ifrs-full_ApplicableTaxRate" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_IncreaseDecreaseInStatutoryReserveAbstract" xlink:label="loc_bap_IncreaseDecreaseInStatutoryReserveAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_IncreaseDecreaseInStatutoryReserveAbstract" 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="lab_bap_IncreaseDecreaseInStatutoryReserveAbstract" xml:lang="en-US">Increase (decrease) in the statutory tax rate due to:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_IncreaseDecreaseInStatutoryReserveAbstract" xlink:to="lab_bap_IncreaseDecreaseInStatutoryReserveAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TaxRateEffectOfRevenuesOfForeignSubsidiariesExemptFromTaxation" xlink:label="loc_bap_TaxRateEffectOfRevenuesOfForeignSubsidiariesExemptFromTaxation" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TaxRateEffectOfRevenuesOfForeignSubsidiariesExemptFromTaxation" 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/verboseLabel" xlink:label="lab_bap_TaxRateEffectOfRevenuesOfForeignSubsidiariesExemptFromTaxation" xml:lang="en-US">(i) Increase (decrease) arising from net income (loss) of subsidiaries not domiciled in Peru</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TaxRateEffectOfRevenuesOfForeignSubsidiariesExemptFromTaxation" xlink:to="lab_bap_TaxRateEffectOfRevenuesOfForeignSubsidiariesExemptFromTaxation" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_TaxRateEffectOfRevenuesOfForeignSubsidiariesExemptFromTaxation" 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>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TaxRateEffectOfRevenuesExemptFromTaxation" xlink:label="loc_ifrs-full_TaxRateEffectOfRevenuesExemptFromTaxation" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_TaxRateEffectOfRevenuesExemptFromTaxation" 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="lab_ifrs-full_TaxRateEffectOfRevenuesExemptFromTaxation" xml:lang="en-US">(ii) Non-taxable income, net</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TaxRateEffectOfRevenuesExemptFromTaxation" xlink:to="lab_ifrs-full_TaxRateEffectOfRevenuesExemptFromTaxation" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TaxRateEffectFromChangeInTaxRate" xlink:label="loc_ifrs-full_TaxRateEffectFromChangeInTaxRate" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_TaxRateEffectFromChangeInTaxRate" 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/verboseLabel" xlink:label="lab_ifrs-full_TaxRateEffectFromChangeInTaxRate" xml:lang="en-US">(iii)Effect of change in Peruvian tax rates</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TaxRateEffectFromChangeInTaxRate" xlink:to="lab_ifrs-full_TaxRateEffectFromChangeInTaxRate" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AverageEffectiveTaxRate" xlink:label="loc_ifrs-full_AverageEffectiveTaxRate" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AverageEffectiveTaxRate" xml:lang="en-US">Average effective tax rate</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_AverageEffectiveTaxRate" xml:lang="en-US">Effective income tax rate</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AverageEffectiveTaxRate" xlink:to="lab_ifrs-full_AverageEffectiveTaxRate" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfTaxSituationTable" xlink:label="loc_bap_DisclosureOfTaxSituationTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfTaxSituationTable" xml:lang="en-US">Disclosure of tax situation [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfTaxSituationTable" xlink:to="lab_bap_DisclosureOfTaxSituationTable" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CountryOfDomicileMember" xlink:label="loc_ifrs-full_CountryOfDomicileMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CountryOfDomicileMember" xml:lang="en-US">Country of domicile [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_CountryOfDomicileMember" xml:lang="en-US">In Peru</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_CountryOfDomicileMember" xml:lang="en-US">Country of domicile [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CountryOfDomicileMember" xlink:to="lab_ifrs-full_CountryOfDomicileMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ForeignCountriesMember" xlink:label="loc_ifrs-full_ForeignCountriesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ForeignCountriesMember" xml:lang="en-US">Foreign countries [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_ForeignCountriesMember" xml:lang="en-US">In other countries</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ForeignCountriesMember" xml:lang="en-US">Foreign countries [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ForeignCountriesMember" xlink:to="lab_ifrs-full_ForeignCountriesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfTaxSituationLineItems" xlink:label="loc_bap_DisclosureOfTaxSituationLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfTaxSituationLineItems" xml:lang="en-US">Disclosure of tax situation [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfTaxSituationLineItems" xlink:to="lab_bap_DisclosureOfTaxSituationLineItems" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract" xlink:label="loc_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract" 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="lab_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract" xml:lang="en-US">Current -</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract" xlink:to="lab_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentTaxExpenseIncome" xlink:label="loc_ifrs-full_CurrentTaxExpenseIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CurrentTaxExpenseIncome" xml:lang="en-US">Current tax expense (income)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentTaxExpenseIncome" xlink:to="lab_ifrs-full_CurrentTaxExpenseIncome" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TaxEffectFromChangeInTaxRate" xlink:label="loc_ifrs-full_TaxEffectFromChangeInTaxRate" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_TaxEffectFromChangeInTaxRate" xml:lang="en-US">Tax effect from change in tax rate</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_TaxEffectFromChangeInTaxRate" xml:lang="en-US">Effect of change in Peruvian tax rates</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TaxEffectFromChangeInTaxRate" xlink:to="lab_ifrs-full_TaxEffectFromChangeInTaxRate" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ProvisionForDoubtfulLoansMember" xlink:label="loc_bap_ProvisionForDoubtfulLoansMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ProvisionForDoubtfulLoansMember" xml:lang="en-US">Provision for doubtful loans [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_bap_ProvisionForDoubtfulLoansMember" xml:lang="en-US">Allowance for loan losses for loan portfolio [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ProvisionForDoubtfulLoansMember" xlink:to="lab_bap_ProvisionForDoubtfulLoansMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_UnusedTaxLossesMember" xlink:label="loc_ifrs-full_UnusedTaxLossesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_UnusedTaxLossesMember" xml:lang="en-US">Unused tax losses [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_UnusedTaxLossesMember" xml:lang="en-US">Carry forward tax losses [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UnusedTaxLossesMember" xlink:to="lab_ifrs-full_UnusedTaxLossesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ProvisionForSundryExpensesMember" xlink:label="loc_bap_ProvisionForSundryExpensesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ProvisionForSundryExpensesMember" xml:lang="en-US">Provision for sundry expenses [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ProvisionForSundryExpensesMember" xlink:to="lab_bap_ProvisionForSundryExpensesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ProvisionForSundryExpensesMember" xml:lang="en-US">Provision for sundry expenses</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_UnrealizedLossInValuationOnCashFlowHedgeDerivativesMember" xlink:label="loc_bap_UnrealizedLossInValuationOnCashFlowHedgeDerivativesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_UnrealizedLossInValuationOnCashFlowHedgeDerivativesMember" xml:lang="en-US">Unrealized loss in valuation on cash flow hedge derivatives [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_UnrealizedLossInValuationOnCashFlowHedgeDerivativesMember" xlink:to="lab_bap_UnrealizedLossInValuationOnCashFlowHedgeDerivativesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_UnrealizedLossInValuationOnCashFlowHedgeDerivativesMember" xml:lang="en-US">Unrealized loss in valuation on cash flow hedge derivatives</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ProvisionForSundryRisksMember" xlink:label="loc_bap_ProvisionForSundryRisksMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ProvisionForSundryRisksMember" xml:lang="en-US">Provision for sundry risks [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ProvisionForSundryRisksMember" xlink:to="lab_bap_ProvisionForSundryRisksMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ProvisionForSundryRisksMember" xml:lang="en-US">Provision for sundry risks</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ImpairmentsInBuildingsForRentDepreciationMember" xlink:label="loc_bap_ImpairmentsInBuildingsForRentDepreciationMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ImpairmentsInBuildingsForRentDepreciationMember" xml:lang="en-US">Impairments in buildings for rent depreciation [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ImpairmentsInBuildingsForRentDepreciationMember" xlink:to="lab_bap_ImpairmentsInBuildingsForRentDepreciationMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ImpairmentsInBuildingsForRentDepreciationMember" xml:lang="en-US">Impairments in buildings for rent depreciation</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FluctuationOfTheFairValueOfTheCoveredBondsMember" xlink:label="loc_bap_FluctuationOfTheFairValueOfTheCoveredBondsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FluctuationOfTheFairValueOfTheCoveredBondsMember" xml:lang="en-US">Fluctuation of the fair value of the covered bonds [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FluctuationOfTheFairValueOfTheCoveredBondsMember" xlink:to="lab_bap_FluctuationOfTheFairValueOfTheCoveredBondsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_FluctuationOfTheFairValueOfTheCoveredBondsMember" xml:lang="en-US">Fluctuation of the fair value of the covered bonds</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_UnrealizedLossesDueToValuationOfInvestmentsAtFairValueThroughOtherComprehensiveIncomeMember" xlink:label="loc_bap_UnrealizedLossesDueToValuationOfInvestmentsAtFairValueThroughOtherComprehensiveIncomeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_UnrealizedLossesDueToValuationOfInvestmentsAtFairValueThroughOtherComprehensiveIncomeMember" xml:lang="en-US">Unrealized losses due to valuation of investments at fair value through other comprehensive income [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_UnrealizedLossesDueToValuationOfInvestmentsAtFairValueThroughOtherComprehensiveIncomeMember" xlink:to="lab_bap_UnrealizedLossesDueToValuationOfInvestmentsAtFairValueThroughOtherComprehensiveIncomeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_UnrealizedLossesDueToValuationOfInvestmentsAtFairValueThroughOtherComprehensiveIncomeMember" xml:lang="en-US">Unrealized losses due to valuation of investments at fair value through other comprehensive income</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_UnrealizedLossesDueToValuationOfInvestmentsAvailableForSaleMember" xlink:label="loc_bap_UnrealizedLossesDueToValuationOfInvestmentsAvailableForSaleMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_UnrealizedLossesDueToValuationOfInvestmentsAvailableForSaleMember" xml:lang="en-US">Unrealized losses due to valuation of investments available for sale [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_UnrealizedLossesDueToValuationOfInvestmentsAvailableForSaleMember" xlink:to="lab_bap_UnrealizedLossesDueToValuationOfInvestmentsAvailableForSaleMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_UnrealizedLossesDueToValuationOfInvestmentsAvailableForSaleMember" xml:lang="en-US">Unrealized losses due to valuation of investments available for sale.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_IntangiblesNetMember" xlink:label="loc_bap_IntangiblesNetMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_IntangiblesNetMember" xml:lang="en-US">Intangibles net [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_IntangiblesNetMember" xlink:to="lab_bap_IntangiblesNetMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_IntangiblesNetMember" xml:lang="en-US">Intangibles, net</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AdjustmentForDifferenceInExchangeOfSUNATAndSBSMember" xlink:label="loc_bap_AdjustmentForDifferenceInExchangeOfSUNATAndSBSMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AdjustmentForDifferenceInExchangeOfSUNATAndSBSMember" xml:lang="en-US">Adjustment for difference in exchange of SUNAT and SBS [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AdjustmentForDifferenceInExchangeOfSUNATAndSBSMember" xlink:to="lab_bap_AdjustmentForDifferenceInExchangeOfSUNATAndSBSMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AdjustmentForDifferenceInExchangeOfSUNATAndSBSMember" xml:lang="en-US">Adjustment for difference in exchange of SUNAT and SBS</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DeferredAcquisitionsCostsDACMember" xlink:label="loc_bap_DeferredAcquisitionsCostsDACMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DeferredAcquisitionsCostsDACMember" xml:lang="en-US">Deferred acquisitions costs DAC [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DeferredAcquisitionsCostsDACMember" xlink:to="lab_bap_DeferredAcquisitionsCostsDACMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DeferredAcquisitionsCostsDACMember" xml:lang="en-US">Deferred acquisitions costs - DAC</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_UnrealizedGainInValuationOnCashFlowHedgeDerivativesMember" xlink:label="loc_bap_UnrealizedGainInValuationOnCashFlowHedgeDerivativesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_UnrealizedGainInValuationOnCashFlowHedgeDerivativesMember" xml:lang="en-US">Unrealized gain in valuation on cash flow hedge derivatives [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_UnrealizedGainInValuationOnCashFlowHedgeDerivativesMember" xlink:to="lab_bap_UnrealizedGainInValuationOnCashFlowHedgeDerivativesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_UnrealizedGainInValuationOnCashFlowHedgeDerivativesMember" xml:lang="en-US">Unrealized gain in valuation on cash flow hedge derivatives</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_UnrealizedGainDueToValuationOfInvestmentsAtFairValueThroughOtherComprehensiveIncomeMember" xlink:label="loc_bap_UnrealizedGainDueToValuationOfInvestmentsAtFairValueThroughOtherComprehensiveIncomeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_UnrealizedGainDueToValuationOfInvestmentsAtFairValueThroughOtherComprehensiveIncomeMember" xml:lang="en-US">Unrealized gain due to valuation of investments at fair value through other comprehensive income [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_UnrealizedGainDueToValuationOfInvestmentsAtFairValueThroughOtherComprehensiveIncomeMember" xlink:to="lab_bap_UnrealizedGainDueToValuationOfInvestmentsAtFairValueThroughOtherComprehensiveIncomeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_UnrealizedGainDueToValuationOfInvestmentsAtFairValueThroughOtherComprehensiveIncomeMember" xml:lang="en-US">Unrealized gain due to valuation of investments at fair value through other comprehensive income</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_UnrealizedGainDueToValuationOfInvestmentsAvailableForSaleMember" xlink:label="loc_bap_UnrealizedGainDueToValuationOfInvestmentsAvailableForSaleMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_UnrealizedGainDueToValuationOfInvestmentsAvailableForSaleMember" xml:lang="en-US">Unrealized gain due to valuation of investments available for sale [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_UnrealizedGainDueToValuationOfInvestmentsAvailableForSaleMember" xlink:to="lab_bap_UnrealizedGainDueToValuationOfInvestmentsAvailableForSaleMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_UnrealizedGainDueToValuationOfInvestmentsAvailableForSaleMember" xml:lang="en-US">Unrealized gain due to valuation of investments available for sale</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BuildingsRevaluationMember" xlink:label="loc_bap_BuildingsRevaluationMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BuildingsRevaluationMember" xml:lang="en-US">Buildings revaluation [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BuildingsRevaluationMember" xlink:to="lab_bap_BuildingsRevaluationMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_BuildingsRevaluationMember" xml:lang="en-US">Buildings revaluation</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_UnrealizedGainInValuationOnFairValueHedgeDerivativesMember" xlink:label="loc_bap_UnrealizedGainInValuationOnFairValueHedgeDerivativesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_UnrealizedGainInValuationOnFairValueHedgeDerivativesMember" xml:lang="en-US">Unrealized gain in valuation on fair value hedge derivatives [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_UnrealizedGainInValuationOnFairValueHedgeDerivativesMember" xlink:to="lab_bap_UnrealizedGainInValuationOnFairValueHedgeDerivativesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_UnrealizedGainInValuationOnFairValueHedgeDerivativesMember" xml:lang="en-US">Unrealized gain in valuation on fair value hedge derivatives</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ProvisionForSundryRisksNetMember" xlink:label="loc_bap_ProvisionForSundryRisksNetMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ProvisionForSundryRisksNetMember" xml:lang="en-US">Provision for sundry risks net [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ProvisionForSundryRisksNetMember" xlink:to="lab_bap_ProvisionForSundryRisksNetMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ProvisionForSundryRisksNetMember" xml:lang="en-US">Provision for sundry risks, net</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DeferredIncomeDueToCommissionDILMember" xlink:label="loc_bap_DeferredIncomeDueToCommissionDILMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DeferredIncomeDueToCommissionDILMember" xml:lang="en-US">Deferred income due to commission DIL [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DeferredIncomeDueToCommissionDILMember" xlink:to="lab_bap_DeferredIncomeDueToCommissionDILMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DeferredIncomeDueToCommissionDILMember" xml:lang="en-US">Deferred income due to commission &#8211; DIL</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_GainGeneratedInTheReorganizationOfPacficoEPSMember" xlink:label="loc_bap_GainGeneratedInTheReorganizationOfPacficoEPSMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_GainGeneratedInTheReorganizationOfPacficoEPSMember" xml:lang="en-US">Gain generated in the reorganization of Pacfico EPS [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_GainGeneratedInTheReorganizationOfPacficoEPSMember" xlink:to="lab_bap_GainGeneratedInTheReorganizationOfPacficoEPSMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_GainGeneratedInTheReorganizationOfPacficoEPSMember" xml:lang="en-US">Gain generated in the reorganization of Pac&#237;fico EPS</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FluctuationDueToValuationOfInvestmentsAtFairValueThroughProfitOrLossInvestmentsMember" xlink:label="loc_bap_FluctuationDueToValuationOfInvestmentsAtFairValueThroughProfitOrLossInvestmentsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FluctuationDueToValuationOfInvestmentsAtFairValueThroughProfitOrLossInvestmentsMember" xml:lang="en-US">Fluctuation due to valuation of investments at fair value through profit or loss investments [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FluctuationDueToValuationOfInvestmentsAtFairValueThroughProfitOrLossInvestmentsMember" xlink:to="lab_bap_FluctuationDueToValuationOfInvestmentsAtFairValueThroughProfitOrLossInvestmentsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_FluctuationDueToValuationOfInvestmentsAtFairValueThroughProfitOrLossInvestmentsMember" xml:lang="en-US">Fluctuation due to valuation of investments at fair value through profit or loss investments</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CatastrophicInsuranceReserveMember" xlink:label="loc_bap_CatastrophicInsuranceReserveMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CatastrophicInsuranceReserveMember" xml:lang="en-US">Catastrophic insurance reserve [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CatastrophicInsuranceReserveMember" xlink:to="lab_bap_CatastrophicInsuranceReserveMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_CatastrophicInsuranceReserveMember" xml:lang="en-US">Catastrophic insurance reserve</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_LeasingOperationsRelatedToLoansMember" xlink:label="loc_bap_LeasingOperationsRelatedToLoansMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_LeasingOperationsRelatedToLoansMember" xml:lang="en-US">Leasing operations related to loans [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_LeasingOperationsRelatedToLoansMember" xlink:to="lab_bap_LeasingOperationsRelatedToLoansMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_LeasingOperationsRelatedToLoansMember" xml:lang="en-US">Leasing operations related to loans</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DeferredIncomeTaxAssetsNetAbstract" xlink:label="loc_bap_DeferredIncomeTaxAssetsNetAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DeferredIncomeTaxAssetsNetAbstract" 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="lab_bap_DeferredIncomeTaxAssetsNetAbstract" xml:lang="en-US">Deferred income tax asset, net</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DeferredIncomeTaxAssetsNetAbstract" xlink:to="lab_bap_DeferredIncomeTaxAssetsNetAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DeferredAssetAbstract" xlink:label="loc_bap_DeferredAssetAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DeferredAssetAbstract" xml:lang="en-US">Deferred asset [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_DeferredAssetAbstract" xml:lang="en-US">Deferred asset</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DeferredAssetAbstract" xlink:to="lab_bap_DeferredAssetAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DeferredTaxAssets" xlink:label="loc_ifrs-full_DeferredTaxAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DeferredTaxAssets" xml:lang="en-US">Deferred tax assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_DeferredTaxAssets" xml:lang="en-US">Deferred asset</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeferredTaxAssets" xlink:to="lab_ifrs-full_DeferredTaxAssets" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DeferredIncomeTaxLiabilitiesNetAbstract" xlink:label="loc_bap_DeferredIncomeTaxLiabilitiesNetAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DeferredIncomeTaxLiabilitiesNetAbstract" 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="lab_bap_DeferredIncomeTaxLiabilitiesNetAbstract" xml:lang="en-US">Deferred income tax liability, net</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DeferredIncomeTaxLiabilitiesNetAbstract" xlink:to="lab_bap_DeferredIncomeTaxLiabilitiesNetAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DeferredLiabilitiesAbstract" xlink:label="loc_bap_DeferredLiabilitiesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DeferredLiabilitiesAbstract" xml:lang="en-US">Deferred liabilities [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_DeferredLiabilitiesAbstract" xml:lang="en-US">Deferred liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DeferredLiabilitiesAbstract" xlink:to="lab_bap_DeferredLiabilitiesAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DeferredTaxLiabilities" xlink:label="loc_ifrs-full_DeferredTaxLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DeferredTaxLiabilities" xml:lang="en-US">Deferred Tax Liabilities, Net</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_DeferredTaxLiabilities" xml:lang="en-US">Deferred liability</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeferredTaxLiabilities" xlink:to="lab_ifrs-full_DeferredTaxLiabilities" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_IncomeTaxReturnAxis" xlink:label="loc_bap_IncomeTaxReturnAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_IncomeTaxReturnAxis" xml:lang="en-US">Income Tax Return [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_IncomeTaxReturnAxis" xlink:to="lab_bap_IncomeTaxReturnAxis" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_IncomeTaxReturnDomain" xlink:label="loc_bap_IncomeTaxReturnDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_IncomeTaxReturnDomain" xml:lang="en-US">Income Tax Return [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_IncomeTaxReturnDomain" xlink:to="lab_bap_IncomeTaxReturnDomain" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PacificoPeruanoSuizaMember" xlink:label="loc_bap_PacificoPeruanoSuizaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PacificoPeruanoSuizaMember" xml:lang="en-US">Pacifico Peruano Suiza [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_PacificoPeruanoSuizaMember" xml:lang="en-US">Pac&#237;fico Peruano Suiza [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PacificoPeruanoSuizaMember" xlink:to="lab_bap_PacificoPeruanoSuizaMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PacificoCompaniaDeSegurosYReasegurosMember" xlink:label="loc_bap_PacificoCompaniaDeSegurosYReasegurosMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PacificoCompaniaDeSegurosYReasegurosMember" xml:lang="en-US">Pacifico Compania de Seguros y Reaseguros [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_PacificoCompaniaDeSegurosYReasegurosMember" xml:lang="en-US">Pac&#237;fico Compa&#241;&#237;a de Seguros y Reaseguros [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PacificoCompaniaDeSegurosYReasegurosMember" xlink:to="lab_bap_PacificoCompaniaDeSegurosYReasegurosMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MibancoBancoDeLaMicroempresaMember" xlink:label="loc_bap_MibancoBancoDeLaMicroempresaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MibancoBancoDeLaMicroempresaMember" xml:lang="en-US">Mibanco Banco De La Microempresa [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MibancoBancoDeLaMicroempresaMember" xlink:to="lab_bap_MibancoBancoDeLaMicroempresaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_MibancoBancoDeLaMicroempresaMember" xml:lang="en-US">XXX_Mibanco Banco De La Microempresa Member</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AnnualIncomeTaxReturns" xlink:label="loc_bap_AnnualIncomeTaxReturns" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AnnualIncomeTaxReturns" xml:lang="en-US">Annual Income Tax Returns</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AnnualIncomeTaxReturns" xlink:to="lab_bap_AnnualIncomeTaxReturns" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AnnualIncomeTaxReturns" xml:lang="en-US">It represents annual tax returns.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PeruCountryMember" xlink:label="loc_bap_PeruCountryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PeruCountryMember" xml:lang="en-US">Peru Country [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_PeruCountryMember" xml:lang="en-US">Peru [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_PeruCountryMember" xml:lang="en-US">Peru [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PeruCountryMember" xlink:to="lab_bap_PeruCountryMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BoliviaCountryMember" xlink:label="loc_bap_BoliviaCountryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BoliviaCountryMember" xml:lang="en-US">Bolivia Country [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_BoliviaCountryMember" xml:lang="en-US">Bolivia [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_BoliviaCountryMember" xml:lang="en-US">Bolivia [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BoliviaCountryMember" xlink:to="lab_bap_BoliviaCountryMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ChileCountryMember" xlink:label="loc_bap_ChileCountryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ChileCountryMember" xml:lang="en-US">Chile Country [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_ChileCountryMember" xml:lang="en-US">Chile [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ChileCountryMember" xlink:to="lab_bap_ChileCountryMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ColombiaCountryMember" xlink:label="loc_bap_ColombiaCountryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ColombiaCountryMember" xml:lang="en-US">Colombia Country [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_ColombiaCountryMember" xml:lang="en-US">Colombia [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ColombiaCountryMember" xlink:to="lab_bap_ColombiaCountryMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TypeOfIncomeAxis" xlink:label="loc_bap_TypeOfIncomeAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TypeOfIncomeAxis" xml:lang="en-US">Type of income [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TypeOfIncomeAxis" xlink:to="lab_bap_TypeOfIncomeAxis" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TypeOfIncomeDomain" xlink:label="loc_bap_TypeOfIncomeDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TypeOfIncomeDomain" xml:lang="en-US">Type of income [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TypeOfIncomeDomain" xlink:to="lab_bap_TypeOfIncomeDomain" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SemiIntegratedSystemMember" xlink:label="loc_bap_SemiIntegratedSystemMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SemiIntegratedSystemMember" xml:lang="en-US">Semi integrated system [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_SemiIntegratedSystemMember" xml:lang="en-US">Partially integrated system [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SemiIntegratedSystemMember" xlink:to="lab_bap_SemiIntegratedSystemMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PercentageOfWorkersProfitSharing" xlink:label="loc_bap_PercentageOfWorkersProfitSharing" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PercentageOfWorkersProfitSharing" xml:lang="en-US">Percentage of workers profit sharing</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PercentageOfWorkersProfitSharing" xlink:to="lab_bap_PercentageOfWorkersProfitSharing" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_PercentageOfWorkersProfitSharing" xml:lang="en-US">The percentage of workers profit sharing during the period.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ChangeInPercentageOfRoe" xlink:label="loc_bap_ChangeInPercentageOfRoe" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ChangeInPercentageOfRoe" xml:lang="en-US">Change in percentage of ROE</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ChangeInPercentageOfRoe" xlink:to="lab_bap_ChangeInPercentageOfRoe" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ChangeInPercentageOfRoe" xml:lang="en-US">The percentage of additional rate of equity change during the period.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SurchargeRate" xlink:label="loc_bap_SurchargeRate" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SurchargeRate" xml:lang="en-US">Surcharge Rate</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SurchargeRate" xlink:to="lab_bap_SurchargeRate" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_SurchargeRate" xml:lang="en-US">The percentage of surcharge applicable during the period.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" xlink:label="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" xml:lang="en-US">Income tax relating to components of other comprehensive income that will be reclassified to profit or loss</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" xlink:to="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ScenarioUnspecifiedAxis" xlink:label="loc_bap_ScenarioUnspecifiedAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ScenarioUnspecifiedAxis" xml:lang="en-US">Scenario Unspecified [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ScenarioUnspecifiedAxis" xlink:to="lab_bap_ScenarioUnspecifiedAxis" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ScenariosUnspecifiedDomain" xlink:label="loc_bap_ScenariosUnspecifiedDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ScenariosUnspecifiedDomain" xml:lang="en-US">Scenarios Unspecified [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_ScenariosUnspecifiedDomain" xml:lang="en-US">Scenario Unspecified [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ScenariosUnspecifiedDomain" xlink:to="lab_bap_ScenariosUnspecifiedDomain" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ScenarioForecastEventMember" xlink:label="loc_bap_ScenarioForecastEventMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ScenarioForecastEventMember" xml:lang="en-US">Scenario Forecast Event [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ScenarioForecastEventMember" xlink:to="lab_bap_ScenarioForecastEventMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ShareBasedCompensationPlansTable" xlink:label="loc_bap_ShareBasedCompensationPlansTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ShareBasedCompensationPlansTable" xml:lang="en-US">Share Based Compensation Plans [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ShareBasedCompensationPlansTable" xlink:to="lab_bap_ShareBasedCompensationPlansTable" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:label="loc_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xml:lang="en-US">Types of share-based payment arrangements [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:to="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_SharebasedPaymentArrangementsMember" xlink:label="loc_ifrs-full_SharebasedPaymentArrangementsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_SharebasedPaymentArrangementsMember" xml:lang="en-US">Share-based payment arrangements [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SharebasedPaymentArrangementsMember" xlink:to="lab_ifrs-full_SharebasedPaymentArrangementsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_EquitysettledTransactionMember" xlink:label="loc_bap_EquitysettledTransactionMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_EquitysettledTransactionMember" xml:lang="en-US">Equity-settled transaction [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_EquitysettledTransactionMember" xlink:to="lab_bap_EquitysettledTransactionMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ShareBasedCompensationPlansLineItems" xlink:label="loc_bap_ShareBasedCompensationPlansLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ShareBasedCompensationPlansLineItems" xml:lang="en-US">Share based compensation plans [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ShareBasedCompensationPlansLineItems" xlink:to="lab_bap_ShareBasedCompensationPlansLineItems" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement" xlink:label="loc_ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement" xml:lang="en-US">Description of vesting requirements for share-based payment arrangement</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement" xlink:to="lab_ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:label="loc_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xml:lang="en-US">Number of share options granted in share-based payment arrangement</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:to="lab_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NumberOfOutstandingShareOptions" xlink:label="loc_ifrs-full_NumberOfOutstandingShareOptions" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_NumberOfOutstandingShareOptions" xml:lang="en-US">Number of share options outstanding in share-based payment arrangement</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfOutstandingShareOptions" xlink:to="lab_ifrs-full_NumberOfOutstandingShareOptions" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:label="loc_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xml:lang="en-US">Expense from share-based payment transactions with employees</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:to="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OffBalanceSheetAccountsTable" xlink:label="loc_bap_OffBalanceSheetAccountsTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OffBalanceSheetAccountsTable" xml:lang="en-US">Off balance sheet accounts [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OffBalanceSheetAccountsTable" xlink:to="lab_bap_OffBalanceSheetAccountsTable" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassesOfContingentLiabilitiesAxis" xlink:label="loc_ifrs-full_ClassesOfContingentLiabilitiesAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ClassesOfContingentLiabilitiesAxis" xml:lang="en-US">Classes of contingent liabilities [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfContingentLiabilitiesAxis" xlink:to="lab_ifrs-full_ClassesOfContingentLiabilitiesAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ContingentLiabilitiesMember" xlink:label="loc_ifrs-full_ContingentLiabilitiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ContingentLiabilitiesMember" xml:lang="en-US">Contingent liabilities [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ContingentLiabilitiesMember" xlink:to="lab_ifrs-full_ContingentLiabilitiesMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ContingentLiabilityForGuaranteesMember" xlink:label="loc_ifrs-full_ContingentLiabilityForGuaranteesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ContingentLiabilityForGuaranteesMember" 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="lab_ifrs-full_ContingentLiabilityForGuaranteesMember" xml:lang="en-US">Guarantees and standby letter [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ContingentLiabilityForGuaranteesMember" xlink:to="lab_ifrs-full_ContingentLiabilityForGuaranteesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ImportAndExportLettersOfCreditMember" xlink:label="loc_bap_ImportAndExportLettersOfCreditMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ImportAndExportLettersOfCreditMember" 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="lab_bap_ImportAndExportLettersOfCreditMember" xml:lang="en-US">Import and export letters of credit [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ImportAndExportLettersOfCreditMember" xlink:to="lab_bap_ImportAndExportLettersOfCreditMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OffBalanceSheetAccountsLineItems" xlink:label="loc_bap_OffBalanceSheetAccountsLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OffBalanceSheetAccountsLineItems" xml:lang="en-US">Off balance sheet accounts [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OffBalanceSheetAccountsLineItems" xlink:to="lab_bap_OffBalanceSheetAccountsLineItems" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfContingentCreditsAbstract" xlink:label="loc_bap_DisclosureOfContingentCreditsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfContingentCreditsAbstract" 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="lab_bap_DisclosureOfContingentCreditsAbstract" xml:lang="en-US">Contingent credits - indirect loans</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfContingentCreditsAbstract" xlink:to="lab_bap_DisclosureOfContingentCreditsAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ResponsibilitiesUnderCreditLineAgreements" xlink:label="loc_bap_ResponsibilitiesUnderCreditLineAgreements" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ResponsibilitiesUnderCreditLineAgreements" 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="lab_bap_ResponsibilitiesUnderCreditLineAgreements" xml:lang="en-US">Responsibilities under credit line agreements</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ResponsibilitiesUnderCreditLineAgreements" xlink:to="lab_bap_ResponsibilitiesUnderCreditLineAgreements" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ResponsibilitiesUnderCreditLineAgreements" 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>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OffBalanceSheetIndirectLoansNet" xlink:label="loc_bap_OffBalanceSheetIndirectLoansNet" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OffBalanceSheetIndirectLoansNet" 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="lab_bap_OffBalanceSheetIndirectLoansNet" xml:lang="en-US">Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OffBalanceSheetIndirectLoansNet" xlink:to="lab_bap_OffBalanceSheetIndirectLoansNet" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_OffBalanceSheetIndirectLoansNet" 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>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_RevenueFromInterestIncomeAbstractAbstract" xlink:label="loc_bap_RevenueFromInterestIncomeAbstractAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_RevenueFromInterestIncomeAbstractAbstract" 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="lab_bap_RevenueFromInterestIncomeAbstractAbstract" xml:lang="en-US">Interest and similar income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_RevenueFromInterestIncomeAbstractAbstract" xlink:to="lab_bap_RevenueFromInterestIncomeAbstractAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InterestIncomeOnLoansAndReceivables" xlink:label="loc_ifrs-full_InterestIncomeOnLoansAndReceivables" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_InterestIncomeOnLoansAndReceivables" 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="lab_ifrs-full_InterestIncomeOnLoansAndReceivables" xml:lang="en-US">Interest on loans</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestIncomeOnLoansAndReceivables" xlink:to="lab_ifrs-full_InterestIncomeOnLoansAndReceivables" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InterestIncomeOnAvailableforsaleFinancialAssets" xlink:label="loc_ifrs-full_InterestIncomeOnAvailableforsaleFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_InterestIncomeOnAvailableforsaleFinancialAssets" xml:lang="en-US">Interest income on available-for-sale financial assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_InterestIncomeOnAvailableforsaleFinancialAssets" xml:lang="en-US">Interest on available-for-sale investments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestIncomeOnAvailableforsaleFinancialAssets" xlink:to="lab_ifrs-full_InterestIncomeOnAvailableforsaleFinancialAssets" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InterestIncomeOnHeldtomaturityInvestments" xlink:label="loc_ifrs-full_InterestIncomeOnHeldtomaturityInvestments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_InterestIncomeOnHeldtomaturityInvestments" xml:lang="en-US">Interest income on held-to-maturity investments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_InterestIncomeOnHeldtomaturityInvestments" xml:lang="en-US">Interest on held-to-maturity investments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestIncomeOnHeldtomaturityInvestments" xlink:to="lab_ifrs-full_InterestIncomeOnHeldtomaturityInvestments" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InterestIncomeOnLoansAndAdvancesToBanks" xlink:label="loc_ifrs-full_InterestIncomeOnLoansAndAdvancesToBanks" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_InterestIncomeOnLoansAndAdvancesToBanks" 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="lab_ifrs-full_InterestIncomeOnLoansAndAdvancesToBanks" xml:lang="en-US">Interest on due from banks</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestIncomeOnLoansAndAdvancesToBanks" xlink:to="lab_ifrs-full_InterestIncomeOnLoansAndAdvancesToBanks" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DividendsReceived" xlink:label="loc_ifrs-full_DividendsReceived" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DividendsReceived" xml:lang="en-US">Dividends received</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_DividendsReceived" xml:lang="en-US">Dividends received</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsReceived" xlink:to="lab_ifrs-full_DividendsReceived" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InterestIncomeOnOtherFinancialAssets" xlink:label="loc_ifrs-full_InterestIncomeOnOtherFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_InterestIncomeOnOtherFinancialAssets" 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="lab_ifrs-full_InterestIncomeOnOtherFinancialAssets" xml:lang="en-US">Other interest and similar income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestIncomeOnOtherFinancialAssets" xlink:to="lab_ifrs-full_InterestIncomeOnOtherFinancialAssets" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughOtherComprehensiveIncome" xlink:label="loc_bap_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughOtherComprehensiveIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughOtherComprehensiveIncome" 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="lab_bap_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughOtherComprehensiveIncome" xml:lang="en-US">Interest on investments at fair value through other comprehensive income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughOtherComprehensiveIncome" xlink:to="lab_bap_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughOtherComprehensiveIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughOtherComprehensiveIncome" xml:lang="en-US">The amount of interest income on financial assets designated at fair value through other comprehensive income</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InterestIncomeOnInvestmentsAtAmortizedCost" xlink:label="loc_bap_InterestIncomeOnInvestmentsAtAmortizedCost" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InterestIncomeOnInvestmentsAtAmortizedCost" 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="lab_bap_InterestIncomeOnInvestmentsAtAmortizedCost" xml:lang="en-US">Interest on investments at amortized cost</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InterestIncomeOnInvestmentsAtAmortizedCost" xlink:to="lab_bap_InterestIncomeOnInvestmentsAtAmortizedCost" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_InterestIncomeOnInvestmentsAtAmortizedCost" xml:lang="en-US">The amount of interest income on invetstments at amortized cost</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" xlink:label="loc_ifrs-full_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" 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="lab_ifrs-full_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" xml:lang="en-US">Interest on investments at fair value through profit or loss</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" xlink:to="lab_ifrs-full_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InterestExpensesAbstract" xlink:label="loc_bap_InterestExpensesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InterestExpensesAbstract" xml:lang="en-US">Interest Expenses [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_InterestExpensesAbstract" xml:lang="en-US">Interest and similar expense</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InterestExpensesAbstract" xlink:to="lab_bap_InterestExpensesAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InterestExpenseOnDepositsFromCustomers" xlink:label="loc_ifrs-full_InterestExpenseOnDepositsFromCustomers" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_InterestExpenseOnDepositsFromCustomers" 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="lab_ifrs-full_InterestExpenseOnDepositsFromCustomers" xml:lang="en-US">Interest on deposits and obligations</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestExpenseOnDepositsFromCustomers" xlink:to="lab_ifrs-full_InterestExpenseOnDepositsFromCustomers" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InterestExpenseOnDebtInstrumentsIssued" xlink:label="loc_ifrs-full_InterestExpenseOnDebtInstrumentsIssued" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_InterestExpenseOnDebtInstrumentsIssued" 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="lab_ifrs-full_InterestExpenseOnDebtInstrumentsIssued" xml:lang="en-US">Interest on bonds and notes issued</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestExpenseOnDebtInstrumentsIssued" xlink:to="lab_ifrs-full_InterestExpenseOnDebtInstrumentsIssued" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InterestExpenseOnDepositsFromBanks" xlink:label="loc_ifrs-full_InterestExpenseOnDepositsFromBanks" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_InterestExpenseOnDepositsFromBanks" 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="lab_ifrs-full_InterestExpenseOnDepositsFromBanks" xml:lang="en-US">Interest on due to banks and correspondents</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestExpenseOnDepositsFromBanks" xlink:to="lab_ifrs-full_InterestExpenseOnDepositsFromBanks" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InterestExpenseOnOtherFinancialLiabilities" xlink:label="loc_ifrs-full_InterestExpenseOnOtherFinancialLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_InterestExpenseOnOtherFinancialLiabilities" 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="lab_ifrs-full_InterestExpenseOnOtherFinancialLiabilities" xml:lang="en-US">Other interest and similar expense</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestExpenseOnOtherFinancialLiabilities" xlink:to="lab_ifrs-full_InterestExpenseOnOtherFinancialLiabilities" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOffeeAndCommissionIncomeExpenseExplanatoryTable" xlink:label="loc_bap_DisclosureOffeeAndCommissionIncomeExpenseExplanatoryTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOffeeAndCommissionIncomeExpenseExplanatoryTable" xml:lang="en-US">Disclosure OfFee And Commission Income Expense Explanatory [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOffeeAndCommissionIncomeExpenseExplanatoryTable" xlink:to="lab_bap_DisclosureOffeeAndCommissionIncomeExpenseExplanatoryTable" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FeeAndCommissionIncomeExpenseAxis" xlink:label="loc_bap_FeeAndCommissionIncomeExpenseAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FeeAndCommissionIncomeExpenseAxis" xml:lang="en-US">Fee And Commission Income Expense [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FeeAndCommissionIncomeExpenseAxis" xlink:to="lab_bap_FeeAndCommissionIncomeExpenseAxis" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FeeAndCommissionIncomeExpenseDomain" xlink:label="loc_bap_FeeAndCommissionIncomeExpenseDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FeeAndCommissionIncomeExpenseDomain" xml:lang="en-US">Fee And Commission Income Expense [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FeeAndCommissionIncomeExpenseDomain" xlink:to="lab_bap_FeeAndCommissionIncomeExpenseDomain" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOffeeAndCommissionIncomeExpenseExplanatoryLineItems" xlink:label="loc_bap_DisclosureOffeeAndCommissionIncomeExpenseExplanatoryLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOffeeAndCommissionIncomeExpenseExplanatoryLineItems" xml:lang="en-US">Disclosure OfFee And Commission Income Expense Explanatory [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOffeeAndCommissionIncomeExpenseExplanatoryLineItems" xlink:to="lab_bap_DisclosureOffeeAndCommissionIncomeExpenseExplanatoryLineItems" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MaintenanceOfAccountsTransfersAndCreditAndDebitCardServicesIncome" xlink:label="loc_bap_MaintenanceOfAccountsTransfersAndCreditAndDebitCardServicesIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MaintenanceOfAccountsTransfersAndCreditAndDebitCardServicesIncome" 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="lab_bap_MaintenanceOfAccountsTransfersAndCreditAndDebitCardServicesIncome" xml:lang="en-US">Maintenance of accounts, transfers and credit and debit card services</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MaintenanceOfAccountsTransfersAndCreditAndDebitCardServicesIncome" xlink:to="lab_bap_MaintenanceOfAccountsTransfersAndCreditAndDebitCardServicesIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_MaintenanceOfAccountsTransfersAndCreditAndDebitCardServicesIncome" xml:lang="en-US">The amount of income recognised from maintenance of accounts, transfers and credit and debit card services.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PortfolioAndOtherManagementFeeIncome" xlink:label="loc_ifrs-full_PortfolioAndOtherManagementFeeIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_PortfolioAndOtherManagementFeeIncome" 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="lab_ifrs-full_PortfolioAndOtherManagementFeeIncome" xml:lang="en-US">Funds and equity management</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PortfolioAndOtherManagementFeeIncome" xlink:to="lab_ifrs-full_PortfolioAndOtherManagementFeeIncome" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CreditrelatedFeeAndCommissionIncome" xlink:label="loc_ifrs-full_CreditrelatedFeeAndCommissionIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CreditrelatedFeeAndCommissionIncome" 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="lab_ifrs-full_CreditrelatedFeeAndCommissionIncome" xml:lang="en-US">Contingent loans and foreign trade fees</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CreditrelatedFeeAndCommissionIncome" xlink:to="lab_ifrs-full_CreditrelatedFeeAndCommissionIncome" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CollectionServicesFeeIncome" xlink:label="loc_bap_CollectionServicesFeeIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CollectionServicesFeeIncome" xml:lang="en-US">Collection Services Fee Income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_CollectionServicesFeeIncome" xml:lang="en-US">Collection services</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CollectionServicesFeeIncome" xlink:to="lab_bap_CollectionServicesFeeIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_CollectionServicesFeeIncome" xml:lang="en-US">The amount of income recognised from collection services.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CommissionsForBankingServices" xlink:label="loc_bap_CommissionsForBankingServices" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CommissionsForBankingServices" xml:lang="en-US">Commissions for banking services</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_CommissionsForBankingServices" xml:lang="en-US">Commissions for banking services</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CommissionsForBankingServices" xlink:to="lab_bap_CommissionsForBankingServices" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_CommissionsForBankingServices" xml:lang="en-US">The amount of income recognised from commissions for banking services.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BrokerageFeeIncome" xlink:label="loc_ifrs-full_BrokerageFeeIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_BrokerageFeeIncome" xml:lang="en-US">Brokerage fee income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_BrokerageFeeIncome" xml:lang="en-US">Brokerage, securities and custody services</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BrokerageFeeIncome" xlink:to="lab_ifrs-full_BrokerageFeeIncome" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherFeeAndCommissionIncome" xlink:label="loc_ifrs-full_OtherFeeAndCommissionIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_OtherFeeAndCommissionIncome" 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="lab_ifrs-full_OtherFeeAndCommissionIncome" xml:lang="en-US">Others</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherFeeAndCommissionIncome" xlink:to="lab_ifrs-full_OtherFeeAndCommissionIncome" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PenaltyFeeAndCommissionIncome" xlink:label="loc_bap_PenaltyFeeAndCommissionIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PenaltyFeeAndCommissionIncome" 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="lab_bap_PenaltyFeeAndCommissionIncome" xml:lang="en-US">Penalty commissions</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PenaltyFeeAndCommissionIncome" xlink:to="lab_bap_PenaltyFeeAndCommissionIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_PenaltyFeeAndCommissionIncome" xml:lang="en-US">The amount of income recognised from penalty fees and commissions</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GainsLossesOnFinancialAssetsReclassifiedOutOfFinancialAssetsAtFairValueThroughProfitOrLossRecognisedInProfitOrLoss" xlink:label="loc_ifrs-full_GainsLossesOnFinancialAssetsReclassifiedOutOfFinancialAssetsAtFairValueThroughProfitOrLossRecognisedInProfitOrLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_GainsLossesOnFinancialAssetsReclassifiedOutOfFinancialAssetsAtFairValueThroughProfitOrLossRecognisedInProfitOrLoss" 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="lab_ifrs-full_GainsLossesOnFinancialAssetsReclassifiedOutOfFinancialAssetsAtFairValueThroughProfitOrLossRecognisedInProfitOrLoss" xml:lang="en-US">Net gain on financial assets at fair value through profit or loss</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnFinancialAssetsReclassifiedOutOfFinancialAssetsAtFairValueThroughProfitOrLossRecognisedInProfitOrLoss" xlink:to="lab_ifrs-full_GainsLossesOnFinancialAssetsReclassifiedOutOfFinancialAssetsAtFairValueThroughProfitOrLossRecognisedInProfitOrLoss" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FairValueGainsLossesOnFinancialAssetsReclassifiedOutOfAvailableforsaleFinancialAssetsRecognisedInOtherComprehensiveIncome" xlink:label="loc_ifrs-full_FairValueGainsLossesOnFinancialAssetsReclassifiedOutOfAvailableforsaleFinancialAssetsRecognisedInOtherComprehensiveIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FairValueGainsLossesOnFinancialAssetsReclassifiedOutOfAvailableforsaleFinancialAssetsRecognisedInOtherComprehensiveIncome" 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/verboseLabel" xlink:label="lab_ifrs-full_FairValueGainsLossesOnFinancialAssetsReclassifiedOutOfAvailableforsaleFinancialAssetsRecognisedInOtherComprehensiveIncome" xml:lang="en-US">Credit loss on investments at fair value through other comprehensive income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FairValueGainsLossesOnFinancialAssetsReclassifiedOutOfAvailableforsaleFinancialAssetsRecognisedInOtherComprehensiveIncome" xlink:to="lab_ifrs-full_FairValueGainsLossesOnFinancialAssetsReclassifiedOutOfAvailableforsaleFinancialAssetsRecognisedInOtherComprehensiveIncome" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GainsLossesOnFinancialAssetsReclassifiedOutOfAvailableforsaleFinancialAssetsRecognisedInOtherComprehensiveIncome" xlink:label="loc_ifrs-full_GainsLossesOnFinancialAssetsReclassifiedOutOfAvailableforsaleFinancialAssetsRecognisedInOtherComprehensiveIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_GainsLossesOnFinancialAssetsReclassifiedOutOfAvailableforsaleFinancialAssetsRecognisedInOtherComprehensiveIncome" xml:lang="en-US">Gains (losses) on financial assets reclassified out of available-for-sale financial assets recognised in profit or loss</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_GainsLossesOnFinancialAssetsReclassifiedOutOfAvailableforsaleFinancialAssetsRecognisedInOtherComprehensiveIncome" xml:lang="en-US">Credit loss on investments available-for-sale</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnFinancialAssetsReclassifiedOutOfAvailableforsaleFinancialAssetsRecognisedInOtherComprehensiveIncome" xlink:to="lab_ifrs-full_GainsLossesOnFinancialAssetsReclassifiedOutOfAvailableforsaleFinancialAssetsRecognisedInOtherComprehensiveIncome" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GainsLossesOnDisposalsOfOtherNoncurrentAssets" xlink:label="loc_ifrs-full_GainsLossesOnDisposalsOfOtherNoncurrentAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_GainsLossesOnDisposalsOfOtherNoncurrentAssets" 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="lab_ifrs-full_GainsLossesOnDisposalsOfOtherNoncurrentAssets" xml:lang="en-US">Others</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnDisposalsOfOtherNoncurrentAssets" xlink:to="lab_ifrs-full_GainsLossesOnDisposalsOfOtherNoncurrentAssets" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TradingSecuritiesMember" xlink:label="loc_ifrs-full_TradingSecuritiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_TradingSecuritiesMember" xml:lang="en-US">Trading securities [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradingSecuritiesMember" xlink:to="lab_ifrs-full_TradingSecuritiesMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AssociatesMember" xlink:label="loc_ifrs-full_AssociatesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AssociatesMember" xml:lang="en-US">Associates [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AssociatesMember" xlink:to="lab_ifrs-full_AssociatesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_EntidadPrestadoraDeSaludMember" xlink:label="loc_bap_EntidadPrestadoraDeSaludMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_EntidadPrestadoraDeSaludMember" xml:lang="en-US">Entidad Prestadora de Salud [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_EntidadPrestadoraDeSaludMember" xlink:to="lab_bap_EntidadPrestadoraDeSaludMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_GeneralInsuranceContractMember" xlink:label="loc_bap_GeneralInsuranceContractMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_GeneralInsuranceContractMember" xml:lang="en-US">General insurance contract [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_GeneralInsuranceContractMember" xml:lang="en-US">General insurance [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_GeneralInsuranceContractMember" xml:lang="en-US">General Insurance [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_GeneralInsuranceContractMember" xlink:to="lab_bap_GeneralInsuranceContractMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_EquitySecuritiesByIndustryAxis" xlink:label="loc_us-gaap_EquitySecuritiesByIndustryAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_EquitySecuritiesByIndustryAxis" xml:lang="en-US">Industry Sector [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EquitySecuritiesByIndustryAxis" xlink:to="lab_us-gaap_EquitySecuritiesByIndustryAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_EquitySecuritiesIndustryMember" xlink:label="loc_us-gaap_EquitySecuritiesIndustryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_EquitySecuritiesIndustryMember" xml:lang="en-US">Industry Sector [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EquitySecuritiesIndustryMember" xlink:to="lab_us-gaap_EquitySecuritiesIndustryMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_HealthCareSectorsMember" xlink:label="loc_bap_HealthCareSectorsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_HealthCareSectorsMember" xml:lang="en-US">Health care Sectors [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_HealthCareSectorsMember" xml:lang="en-US">Health insurance [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_HealthCareSectorsMember" xlink:to="lab_bap_HealthCareSectorsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RevenueFromInsuranceContractsIssuedWithoutReductionForReinsuranceHeld" xlink:label="loc_ifrs-full_RevenueFromInsuranceContractsIssuedWithoutReductionForReinsuranceHeld" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_RevenueFromInsuranceContractsIssuedWithoutReductionForReinsuranceHeld" 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="lab_ifrs-full_RevenueFromInsuranceContractsIssuedWithoutReductionForReinsuranceHeld" xml:lang="en-US">Gross premiums</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RevenueFromInsuranceContractsIssuedWithoutReductionForReinsuranceHeld" xlink:to="lab_ifrs-full_RevenueFromInsuranceContractsIssuedWithoutReductionForReinsuranceHeld" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncomeFromContractsWithReinsurers" xlink:label="loc_ifrs-full_IncomeFromContractsWithReinsurers" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncomeFromContractsWithReinsurers" xml:lang="en-US">Income from contracts with reinsurers</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_IncomeFromContractsWithReinsurers" xml:lang="en-US">Premiums ceded to reinsurers and co-insurers, net</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeFromContractsWithReinsurers" xlink:to="lab_ifrs-full_IncomeFromContractsWithReinsurers" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncomeArisingFromInsuranceContracts" xlink:label="loc_ifrs-full_IncomeArisingFromInsuranceContracts" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncomeArisingFromInsuranceContracts" 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="lab_ifrs-full_IncomeArisingFromInsuranceContracts" xml:lang="en-US">Assumed from other companies, net</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeArisingFromInsuranceContracts" xlink:to="lab_ifrs-full_IncomeArisingFromInsuranceContracts" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TechnicalReserveAdjustmentWithInsuranceContacts" xlink:label="loc_bap_TechnicalReserveAdjustmentWithInsuranceContacts" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TechnicalReserveAdjustmentWithInsuranceContacts" 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="lab_bap_TechnicalReserveAdjustmentWithInsuranceContacts" xml:lang="en-US">Technical reserve adjustment</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TechnicalReserveAdjustmentWithInsuranceContacts" xlink:to="lab_bap_TechnicalReserveAdjustmentWithInsuranceContacts" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_TechnicalReserveAdjustmentWithInsuranceContacts" xml:lang="en-US">The amount of technical reserve adjustment arising from insurance contracts.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PremiumsCededForAutomaticContractsMember" xlink:label="loc_bap_PremiumsCededForAutomaticContractsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PremiumsCededForAutomaticContractsMember" xml:lang="en-US">Premiums ceded for automatic contracts [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PremiumsCededForAutomaticContractsMember" xlink:to="lab_bap_PremiumsCededForAutomaticContractsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PremiumsCededForFacultativeContractsMember" xlink:label="loc_bap_PremiumsCededForFacultativeContractsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PremiumsCededForFacultativeContractsMember" xml:lang="en-US">Premiums ceded for facultative contracts [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PremiumsCededForFacultativeContractsMember" xlink:to="lab_bap_PremiumsCededForFacultativeContractsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AnnualVariationForUnearnedPremiumsCededReservesMember" xlink:label="loc_bap_AnnualVariationForUnearnedPremiumsCededReservesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AnnualVariationForUnearnedPremiumsCededReservesMember" xml:lang="en-US">Annual variation for unearned premiums ceded reserves [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AnnualVariationForUnearnedPremiumsCededReservesMember" xlink:to="lab_bap_AnnualVariationForUnearnedPremiumsCededReservesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ParticipationRateInTotalGrossPremium" xlink:label="loc_bap_ParticipationRateInTotalGrossPremium" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ParticipationRateInTotalGrossPremium" xml:lang="en-US">Participation rate in total gross premium</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ParticipationRateInTotalGrossPremium" xlink:to="lab_bap_ParticipationRateInTotalGrossPremium" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ParticipationRateInTotalGrossPremium" xml:lang="en-US">The participation rate of all types of insurance contracts in gross premium.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CreditLifeInsuranceServicesMember" xlink:label="loc_bap_CreditLifeInsuranceServicesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CreditLifeInsuranceServicesMember" xml:lang="en-US">Credit life Insurance services [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_CreditLifeInsuranceServicesMember" xml:lang="en-US">Credit life [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CreditLifeInsuranceServicesMember" xlink:to="lab_bap_CreditLifeInsuranceServicesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_GroupLifeInsuranceServicesMember" xlink:label="loc_bap_GroupLifeInsuranceServicesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_GroupLifeInsuranceServicesMember" xml:lang="en-US">Group life Insurance services [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_GroupLifeInsuranceServicesMember" xml:lang="en-US">Group life [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_GroupLifeInsuranceServicesMember" xlink:to="lab_bap_GroupLifeInsuranceServicesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_RetirementDisabilityAndSurvivalInsuranceServicesMember" xlink:label="loc_bap_RetirementDisabilityAndSurvivalInsuranceServicesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_RetirementDisabilityAndSurvivalInsuranceServicesMember" xml:lang="en-US">Retirement, disability and survival insurance services [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_RetirementDisabilityAndSurvivalInsuranceServicesMember" xml:lang="en-US">Disability and survival</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_RetirementDisabilityAndSurvivalInsuranceServicesMember" xlink:to="lab_bap_RetirementDisabilityAndSurvivalInsuranceServicesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AnnuitiesInsuranceServicesMember" xlink:label="loc_bap_AnnuitiesInsuranceServicesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AnnuitiesInsuranceServicesMember" xml:lang="en-US">Annuities insurance Services [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_AnnuitiesInsuranceServicesMember" xml:lang="en-US">Annuities [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AnnuitiesInsuranceServicesMember" xlink:to="lab_bap_AnnuitiesInsuranceServicesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_IndividualLifeAndPersonalAccidentInsuranceServiceMember" xlink:label="loc_bap_IndividualLifeAndPersonalAccidentInsuranceServiceMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_IndividualLifeAndPersonalAccidentInsuranceServiceMember" xml:lang="en-US">Individual life and personal accident Insurance Service [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_IndividualLifeAndPersonalAccidentInsuranceServiceMember" xml:lang="en-US">Individual life and personal accidents</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_IndividualLifeAndPersonalAccidentInsuranceServiceMember" xlink:to="lab_bap_IndividualLifeAndPersonalAccidentInsuranceServiceMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ServicewiseParticipationRateInLifeInsuranceGrossPremium" xlink:label="loc_bap_ServicewiseParticipationRateInLifeInsuranceGrossPremium" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ServicewiseParticipationRateInLifeInsuranceGrossPremium" xml:lang="en-US">Servicewise participation rate in Life Insurance Gross Premium</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ServicewiseParticipationRateInLifeInsuranceGrossPremium" xlink:to="lab_bap_ServicewiseParticipationRateInLifeInsuranceGrossPremium" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ServicewiseParticipationRateInLifeInsuranceGrossPremium" xml:lang="en-US">The servicewise participation rate in life insurance gross premium.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AutomobileInsuranceServicesMember" xlink:label="loc_bap_AutomobileInsuranceServicesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AutomobileInsuranceServicesMember" xml:lang="en-US">Automobile Insurance Services [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_AutomobileInsuranceServicesMember" xml:lang="en-US">Automobile [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AutomobileInsuranceServicesMember" xlink:to="lab_bap_AutomobileInsuranceServicesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FireAndAlliedLinesInsuranceServicesMember" xlink:label="loc_bap_FireAndAlliedLinesInsuranceServicesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FireAndAlliedLinesInsuranceServicesMember" xml:lang="en-US">Fire and allied lines Insurance Services [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_FireAndAlliedLinesInsuranceServicesMember" xml:lang="en-US">Fire and allied lines [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FireAndAlliedLinesInsuranceServicesMember" xlink:to="lab_bap_FireAndAlliedLinesInsuranceServicesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TechnicalLinesInsuranceServicesMember" xlink:label="loc_bap_TechnicalLinesInsuranceServicesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TechnicalLinesInsuranceServicesMember" xml:lang="en-US">Technical lines Insurance Services [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_TechnicalLinesInsuranceServicesMember" xml:lang="en-US">Technical lines [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TechnicalLinesInsuranceServicesMember" xlink:to="lab_bap_TechnicalLinesInsuranceServicesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ThirdPartyLiabilityInsuranceServicesMember" xlink:label="loc_bap_ThirdPartyLiabilityInsuranceServicesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ThirdPartyLiabilityInsuranceServicesMember" xml:lang="en-US">Third party liability Insurance Services [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_ThirdPartyLiabilityInsuranceServicesMember" xml:lang="en-US">Third party liability [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ThirdPartyLiabilityInsuranceServicesMember" xlink:to="lab_bap_ThirdPartyLiabilityInsuranceServicesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AviationInsuranceServicesMember" xlink:label="loc_bap_AviationInsuranceServicesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AviationInsuranceServicesMember" xml:lang="en-US">Aviation Insurance Services [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_AviationInsuranceServicesMember" xml:lang="en-US">Aviation [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AviationInsuranceServicesMember" xlink:to="lab_bap_AviationInsuranceServicesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TheftAndRobberyInsuranceServicesMember" xlink:label="loc_bap_TheftAndRobberyInsuranceServicesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TheftAndRobberyInsuranceServicesMember" xml:lang="en-US">Theft and robbery Insurance Services [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_TheftAndRobberyInsuranceServicesMember" xml:lang="en-US">Theft and robbery [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TheftAndRobberyInsuranceServicesMember" xlink:to="lab_bap_TheftAndRobberyInsuranceServicesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TransportInsuranceServicesMember" xlink:label="loc_bap_TransportInsuranceServicesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TransportInsuranceServicesMember" xml:lang="en-US">Transport Insurance Services [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_TransportInsuranceServicesMember" xml:lang="en-US">Transport [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TransportInsuranceServicesMember" xlink:to="lab_bap_TransportInsuranceServicesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SoatMandatoryAutomobileLineInsuranceServicesMember" xlink:label="loc_bap_SoatMandatoryAutomobileLineInsuranceServicesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SoatMandatoryAutomobileLineInsuranceServicesMember" xml:lang="en-US">SOAT Mandatory automobile line Insurance Services [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_SoatMandatoryAutomobileLineInsuranceServicesMember" xml:lang="en-US">SOAT (Mandatory automobile line) [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SoatMandatoryAutomobileLineInsuranceServicesMember" xlink:to="lab_bap_SoatMandatoryAutomobileLineInsuranceServicesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MarineHullInsuranceServicesMember" xlink:label="loc_bap_MarineHullInsuranceServicesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MarineHullInsuranceServicesMember" xml:lang="en-US">Marine Hull Insurance Services [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_MarineHullInsuranceServicesMember" xml:lang="en-US">Marine Hull [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MarineHullInsuranceServicesMember" xlink:to="lab_bap_MarineHullInsuranceServicesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherInsuranceServicesMember" xlink:label="loc_bap_OtherInsuranceServicesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherInsuranceServicesMember" xml:lang="en-US">Other Insurance Services [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_OtherInsuranceServicesMember" xml:lang="en-US">Others [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherInsuranceServicesMember" xlink:to="lab_bap_OtherInsuranceServicesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ServicewiseParticipationRateInGeneralInsuranceGrossPremium" xlink:label="loc_bap_ServicewiseParticipationRateInGeneralInsuranceGrossPremium" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ServicewiseParticipationRateInGeneralInsuranceGrossPremium" xml:lang="en-US">Servicewise participation rate in general insurance Gross Premium</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ServicewiseParticipationRateInGeneralInsuranceGrossPremium" xlink:to="lab_bap_ServicewiseParticipationRateInGeneralInsuranceGrossPremium" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ServicewiseParticipationRateInGeneralInsuranceGrossPremium" xml:lang="en-US">The servicewise participation rate in general insurance gross premium.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MedicalAssistanceServicesMember" xlink:label="loc_bap_MedicalAssistanceServicesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MedicalAssistanceServicesMember" xml:lang="en-US">Medical Assistance Services [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MedicalAssistanceServicesMember" xlink:to="lab_bap_MedicalAssistanceServicesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_HealthInsuranceContractMember" xlink:label="loc_bap_HealthInsuranceContractMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_HealthInsuranceContractMember" xml:lang="en-US">Health insurance contract [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_HealthInsuranceContractMember" xlink:to="lab_bap_HealthInsuranceContractMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PercentageOfEntitysRevenue" xlink:label="loc_ifrs-full_PercentageOfEntitysRevenue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_PercentageOfEntitysRevenue" xml:lang="en-US">Percentage of entity's revenue</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PercentageOfEntitysRevenue" xlink:to="lab_ifrs-full_PercentageOfEntitysRevenue" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfClaimsAndBenefitsIncurredTable" xlink:label="loc_bap_DisclosureOfClaimsAndBenefitsIncurredTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfClaimsAndBenefitsIncurredTable" xml:lang="en-US">Disclosure of claims and benefits incurred [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfClaimsAndBenefitsIncurredTable" xlink:to="lab_bap_DisclosureOfClaimsAndBenefitsIncurredTable" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AmountsArisingFromInsuranceContractsAxis" xlink:label="loc_ifrs-full_AmountsArisingFromInsuranceContractsAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AmountsArisingFromInsuranceContractsAxis" xml:lang="en-US">Amounts arising from insurance contracts [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AmountsArisingFromInsuranceContractsAxis" xlink:to="lab_ifrs-full_AmountsArisingFromInsuranceContractsAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NetAmountArisingFromInsuranceContractsMember" xlink:label="loc_ifrs-full_NetAmountArisingFromInsuranceContractsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_NetAmountArisingFromInsuranceContractsMember" xml:lang="en-US">Net amount arising from insurance contracts [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetAmountArisingFromInsuranceContractsMember" xlink:to="lab_ifrs-full_NetAmountArisingFromInsuranceContractsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GrossAmountArisingFromInsuranceContractsMember" xlink:label="loc_ifrs-full_GrossAmountArisingFromInsuranceContractsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_GrossAmountArisingFromInsuranceContractsMember" xml:lang="en-US">Gross amount arising from insurance contracts [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_GrossAmountArisingFromInsuranceContractsMember" xml:lang="en-US">Gross claims [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GrossAmountArisingFromInsuranceContractsMember" xlink:to="lab_ifrs-full_GrossAmountArisingFromInsuranceContractsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReinsurersShareOfAmountArisingFromInsuranceContractsMember" xlink:label="loc_ifrs-full_ReinsurersShareOfAmountArisingFromInsuranceContractsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ReinsurersShareOfAmountArisingFromInsuranceContractsMember" xml:lang="en-US">Reinsurer's share of amount arising from insurance contracts [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ReinsurersShareOfAmountArisingFromInsuranceContractsMember" xml:lang="en-US">Ceded claims [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReinsurersShareOfAmountArisingFromInsuranceContractsMember" xlink:to="lab_ifrs-full_ReinsurersShareOfAmountArisingFromInsuranceContractsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NonlifeInsuranceContractsMember" xlink:label="loc_ifrs-full_NonlifeInsuranceContractsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_NonlifeInsuranceContractsMember" xml:lang="en-US">Non-life insurance contracts [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_NonlifeInsuranceContractsMember" xml:lang="en-US">General insurance [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NonlifeInsuranceContractsMember" xlink:to="lab_ifrs-full_NonlifeInsuranceContractsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfClaimsAndBenefitsIncurredLineItems" xlink:label="loc_bap_DisclosureOfClaimsAndBenefitsIncurredLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfClaimsAndBenefitsIncurredLineItems" xml:lang="en-US">Disclosure of claims and benefits incurred [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfClaimsAndBenefitsIncurredLineItems" xlink:to="lab_bap_DisclosureOfClaimsAndBenefitsIncurredLineItems" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_WagesAndSalaries" xlink:label="loc_ifrs-full_WagesAndSalaries" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_WagesAndSalaries" xml:lang="en-US">Wages and salaries</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_WagesAndSalaries" xml:lang="en-US">Salaries</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_WagesAndSalaries" xlink:to="lab_ifrs-full_WagesAndSalaries" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_VacationsMedicalAssistanceAndOthers" xlink:label="loc_bap_VacationsMedicalAssistanceAndOthers" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_VacationsMedicalAssistanceAndOthers" xml:lang="en-US">Vacations, medical assistance and others</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_VacationsMedicalAssistanceAndOthers" xlink:to="lab_bap_VacationsMedicalAssistanceAndOthers" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_VacationsMedicalAssistanceAndOthers" xml:lang="en-US">A class of employee benefits expense that represents vacations, medical assistance and others</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherLongtermBenefits" xlink:label="loc_ifrs-full_OtherLongtermBenefits" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_OtherLongtermBenefits" 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="lab_ifrs-full_OtherLongtermBenefits" xml:lang="en-US">Bonuses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherLongtermBenefits" xlink:to="lab_ifrs-full_OtherLongtermBenefits" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_WordersProfitSharing" xlink:label="loc_bap_WordersProfitSharing" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_WordersProfitSharing" xml:lang="en-US">Worders profit sharing</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_WordersProfitSharing" xml:lang="en-US">Worders' profit sharing</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_WordersProfitSharing" xlink:to="lab_bap_WordersProfitSharing" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_WordersProfitSharing" xml:lang="en-US">A class of employee benefits expense that represents worders' profit sharing</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_SocialSecurityContributions" xlink:label="loc_ifrs-full_SocialSecurityContributions" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_SocialSecurityContributions" xml:lang="en-US">Social security contributions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_SocialSecurityContributions" xml:lang="en-US">Social security</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SocialSecurityContributions" xlink:to="lab_ifrs-full_SocialSecurityContributions" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AdditionalParticipation" xlink:label="loc_bap_AdditionalParticipation" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AdditionalParticipation" xml:lang="en-US">Additional participation</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AdditionalParticipation" xlink:to="lab_bap_AdditionalParticipation" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AdditionalParticipation" xml:lang="en-US">A class of employee benefits expense that represents additional participation</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SeveranceIndemnities" xlink:label="loc_bap_SeveranceIndemnities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SeveranceIndemnities" xml:lang="en-US">Severance indemnities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SeveranceIndemnities" xlink:to="lab_bap_SeveranceIndemnities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_SeveranceIndemnities" xml:lang="en-US">A class of employee benefits expense that represents Severance indemnities</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RepairsAndMaintenanceExpense" xlink:label="loc_ifrs-full_RepairsAndMaintenanceExpense" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_RepairsAndMaintenanceExpense" xml:lang="en-US">Repairs and maintenance expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_RepairsAndMaintenanceExpense" xml:lang="en-US">Repair and maintenance</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RepairsAndMaintenanceExpense" xlink:to="lab_ifrs-full_RepairsAndMaintenanceExpense" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PublicityExpense" xlink:label="loc_bap_PublicityExpense" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PublicityExpense" xml:lang="en-US">Publicity expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_PublicityExpense" xml:lang="en-US">Publicity</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PublicityExpense" xlink:to="lab_bap_PublicityExpense" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_PublicityExpense" xml:lang="en-US">The amount of expense recognised onpublicity activities.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TaxesAndContributions" xlink:label="loc_bap_TaxesAndContributions" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TaxesAndContributions" xml:lang="en-US">Taxes and contributions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_TaxesAndContributions" xml:lang="en-US">Taxes and contributions</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TaxesAndContributions" xlink:to="lab_bap_TaxesAndContributions" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_TaxesAndContributions" xml:lang="en-US">The amount of expenses arising from taxes and contributions.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RentalExpense" xlink:label="loc_ifrs-full_RentalExpense" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_RentalExpense" xml:lang="en-US">Rental expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_RentalExpense" xml:lang="en-US">Rental</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RentalExpense" xlink:to="lab_ifrs-full_RentalExpense" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProfessionalFeesExpense" xlink:label="loc_ifrs-full_ProfessionalFeesExpense" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ProfessionalFeesExpense" xml:lang="en-US">Professional fees expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ProfessionalFeesExpense" xml:lang="en-US">Consulting and professional fees</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfessionalFeesExpense" xlink:to="lab_ifrs-full_ProfessionalFeesExpense" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TransportAndCommunicationExpense" xlink:label="loc_bap_TransportAndCommunicationExpense" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TransportAndCommunicationExpense" xml:lang="en-US">Transport and communication expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_TransportAndCommunicationExpense" xml:lang="en-US">Transport and communications</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TransportAndCommunicationExpense" xlink:to="lab_bap_TransportAndCommunicationExpense" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_TransportAndCommunicationExpense" xml:lang="en-US">The amount of expense arising from transportation services and communication.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MiscellaneousAdministrativeExpense" xlink:label="loc_bap_MiscellaneousAdministrativeExpense" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MiscellaneousAdministrativeExpense" xml:lang="en-US">Miscellaneous administrative expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_MiscellaneousAdministrativeExpense" xml:lang="en-US">Sundry supplies</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MiscellaneousAdministrativeExpense" xlink:to="lab_bap_MiscellaneousAdministrativeExpense" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_MiscellaneousAdministrativeExpense" xml:lang="en-US">The amount of expense arising from sundry supplies.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherAdministrativeExpense" xlink:label="loc_bap_OtherAdministrativeExpense" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherAdministrativeExpense" xml:lang="en-US">Other administrative expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_OtherAdministrativeExpense" xml:lang="en-US">Services by third-party and others</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherAdministrativeExpense" xlink:to="lab_bap_OtherAdministrativeExpense" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_OtherAdministrativeExpense" xml:lang="en-US">The amount of administrative expense classified as other.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OthersIncomeAbstract" xlink:label="loc_bap_OthersIncomeAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OthersIncomeAbstract" xml:lang="en-US">Others income [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_OthersIncomeAbstract" xml:lang="en-US">Other income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OthersIncomeAbstract" xlink:to="lab_bap_OthersIncomeAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RevenueFromRenderingOfServices" xlink:label="loc_ifrs-full_RevenueFromRenderingOfServices" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_RevenueFromRenderingOfServices" 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="lab_ifrs-full_RevenueFromRenderingOfServices" xml:lang="en-US">Income from premiums comissions and technical insurance income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RevenueFromRenderingOfServices" xlink:to="lab_ifrs-full_RevenueFromRenderingOfServices" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_RealEstateRentalIncome" xlink:label="loc_bap_RealEstateRentalIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_RealEstateRentalIncome" xml:lang="en-US">Real estate rental income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_RealEstateRentalIncome" xml:lang="en-US">Rental income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_RealEstateRentalIncome" xlink:to="lab_bap_RealEstateRentalIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_RealEstateRentalIncome" xml:lang="en-US">The amount of rental income arising from real estate.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_RecoveriesOfOtherAccountsReceivableAndOtherAssets" xlink:label="loc_bap_RecoveriesOfOtherAccountsReceivableAndOtherAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_RecoveriesOfOtherAccountsReceivableAndOtherAssets" xml:lang="en-US">Recoveries of other accounts receivable and other assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_RecoveriesOfOtherAccountsReceivableAndOtherAssets" xlink:to="lab_bap_RecoveriesOfOtherAccountsReceivableAndOtherAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_RecoveriesOfOtherAccountsReceivableAndOtherAssets" xml:lang="en-US">The amount of income from recoveries of other accounts receivable and other assets.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_NetProfitFromSaleOfSeizedAndRecoveredAssets" xlink:label="loc_bap_NetProfitFromSaleOfSeizedAndRecoveredAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_NetProfitFromSaleOfSeizedAndRecoveredAssets" 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="lab_bap_NetProfitFromSaleOfSeizedAndRecoveredAssets" xml:lang="en-US">Net gain from sale of seized and recovered assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_NetProfitFromSaleOfSeizedAndRecoveredAssets" xlink:to="lab_bap_NetProfitFromSaleOfSeizedAndRecoveredAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_NetProfitFromSaleOfSeizedAndRecoveredAssets" xml:lang="en-US">The amount of net profit or loss arising from sale of previously seized and recovered assets.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherMiscellaneousOperatingIncome" xlink:label="loc_bap_OtherMiscellaneousOperatingIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherMiscellaneousOperatingIncome" xml:lang="en-US">Other miscellaneous operating income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_OtherMiscellaneousOperatingIncome" xml:lang="en-US">Others</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherMiscellaneousOperatingIncome" xlink:to="lab_bap_OtherMiscellaneousOperatingIncome" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_OtherMiscellaneousOperatingIncome" 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>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OthersExpensesAbstract" xlink:label="loc_bap_OthersExpensesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OthersExpensesAbstract" xml:lang="en-US">Others expenses [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_OthersExpensesAbstract" xml:lang="en-US">Other expenses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OthersExpensesAbstract" xlink:to="lab_bap_OthersExpensesAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CommissionsFromInsuranceActivities" xlink:label="loc_bap_CommissionsFromInsuranceActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CommissionsFromInsuranceActivities" xml:lang="en-US">Commissions for insurance activities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CommissionsFromInsuranceActivities" xlink:to="lab_bap_CommissionsFromInsuranceActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_CommissionsFromInsuranceActivities" xml:lang="en-US">The amount commission expenses relating to insurance incured.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InsuranceExpense" xlink:label="loc_ifrs-full_InsuranceExpense" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_InsuranceExpense" xml:lang="en-US">Insurance expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_InsuranceExpense" xml:lang="en-US">Sundry technical insurance expenses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceExpense" xlink:to="lab_ifrs-full_InsuranceExpense" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_LossesDueToOperationalRisk" xlink:label="loc_bap_LossesDueToOperationalRisk" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_LossesDueToOperationalRisk" xml:lang="en-US">Losses due to operational risk</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_LossesDueToOperationalRisk" xlink:to="lab_bap_LossesDueToOperationalRisk" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_LossesDueToOperationalRisk" xml:lang="en-US">The losses arising due to operational risk.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PropertyDevelopmentAndProjectManagementExpense" xlink:label="loc_ifrs-full_PropertyDevelopmentAndProjectManagementExpense" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_PropertyDevelopmentAndProjectManagementExpense" 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="lab_ifrs-full_PropertyDevelopmentAndProjectManagementExpense" xml:lang="en-US">Expenses on improvements in building for rent</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PropertyDevelopmentAndProjectManagementExpense" xlink:to="lab_ifrs-full_PropertyDevelopmentAndProjectManagementExpense" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ProvisionForOtherAccountsReceivable" xlink:label="loc_bap_ProvisionForOtherAccountsReceivable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ProvisionForOtherAccountsReceivable" xml:lang="en-US">Provision for other accounts receivable</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ProvisionForOtherAccountsReceivable" xlink:to="lab_bap_ProvisionForOtherAccountsReceivable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ProvisionForOtherAccountsReceivable" xml:lang="en-US">Provision created for the other account receivables.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AdministrativeAndTaxPenalties" xlink:label="loc_bap_AdministrativeAndTaxPenalties" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AdministrativeAndTaxPenalties" xml:lang="en-US">Administrative and tax penalties</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AdministrativeAndTaxPenalties" xlink:to="lab_bap_AdministrativeAndTaxPenalties" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AdministrativeAndTaxPenalties" xml:lang="en-US">The expenses relating to administrative and tax penalties.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PutOptionWriteOnNoncontrollingInterests" xlink:label="loc_bap_PutOptionWriteOnNoncontrollingInterests" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PutOptionWriteOnNoncontrollingInterests" xml:lang="en-US">Put option write on non-controlling interests</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PutOptionWriteOnNoncontrollingInterests" xlink:to="lab_bap_PutOptionWriteOnNoncontrollingInterests" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_PutOptionWriteOnNoncontrollingInterests" xml:lang="en-US">The expenses arising from non controlling interests on put options write on.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_GainLossFromSaleOfAdjudicatedAssets" xlink:label="loc_bap_GainLossFromSaleOfAdjudicatedAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_GainLossFromSaleOfAdjudicatedAssets" 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="lab_bap_GainLossFromSaleOfAdjudicatedAssets" xml:lang="en-US">Net loss from sale adjudicated assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_GainLossFromSaleOfAdjudicatedAssets" xlink:to="lab_bap_GainLossFromSaleOfAdjudicatedAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_GainLossFromSaleOfAdjudicatedAssets" xml:lang="en-US">The amount of gain (loss) from sale of adjudicated assets.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherMiscellaneousOperatingExpense" xlink:label="loc_bap_OtherMiscellaneousOperatingExpense" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherMiscellaneousOperatingExpense" xml:lang="en-US">Other miscellaneous operating expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_OtherMiscellaneousOperatingExpense" xml:lang="en-US">Others</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherMiscellaneousOperatingExpense" xlink:to="lab_bap_OtherMiscellaneousOperatingExpense" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_OtherMiscellaneousOperatingExpense" 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>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ExpenseRelatedToAssociationInParticipation" xlink:label="loc_bap_ExpenseRelatedToAssociationInParticipation" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ExpenseRelatedToAssociationInParticipation" 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="lab_bap_ExpenseRelatedToAssociationInParticipation" xml:lang="en-US">Association in participation</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ExpenseRelatedToAssociationInParticipation" xlink:to="lab_bap_ExpenseRelatedToAssociationInParticipation" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ExpenseRelatedToAssociationInParticipation" xml:lang="en-US">The amount of expense related to association in participation.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProportionOfVotingPowerHeldInAssociate" xlink:label="loc_ifrs-full_ProportionOfVotingPowerHeldInAssociate" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ProportionOfVotingPowerHeldInAssociate" xml:lang="en-US">Proportion of voting rights held in associate</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProportionOfVotingPowerHeldInAssociate" xlink:to="lab_ifrs-full_ProportionOfVotingPowerHeldInAssociate" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NumberOfSharesIssuedAbstract" xlink:label="loc_ifrs-full_NumberOfSharesIssuedAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_NumberOfSharesIssuedAbstract" 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="lab_ifrs-full_NumberOfSharesIssuedAbstract" xml:lang="en-US">Number of stock</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfSharesIssuedAbstract" xlink:to="lab_ifrs-full_NumberOfSharesIssuedAbstract" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued" xlink:label="loc_ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued" 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="lab_ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued" xml:lang="en-US">Less &#8211; opening balance of treasury stock</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued" xlink:to="lab_ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AcquisitionOfTreasuryStockNet" xlink:label="loc_bap_AcquisitionOfTreasuryStockNet" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AcquisitionOfTreasuryStockNet" 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="lab_bap_AcquisitionOfTreasuryStockNet" xml:lang="en-US">(Acquisition) sale of treasury stock, net</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AcquisitionOfTreasuryStockNet" xlink:to="lab_bap_AcquisitionOfTreasuryStockNet" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AcquisitionOfTreasuryStockNet" xml:lang="en-US">The amount of treasury stock purchased during the period.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_WeightedAverageShares" xlink:label="loc_ifrs-full_WeightedAverageShares" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_WeightedAverageShares" 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="lab_ifrs-full_WeightedAverageShares" xml:lang="en-US">Weighted average number of ordinary shares for basic earnings</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_WeightedAverageShares" xlink:to="lab_ifrs-full_WeightedAverageShares" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:label="loc_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" 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="lab_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xml:lang="en-US">Plus - dilution effect - stock awards</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:to="lab_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustedWeightedAverageShares" xlink:label="loc_ifrs-full_AdjustedWeightedAverageShares" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AdjustedWeightedAverageShares" 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="lab_ifrs-full_AdjustedWeightedAverageShares" xml:lang="en-US">Weighted average number of ordinary shares adjusted for the effect of dilution</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustedWeightedAverageShares" xlink:to="lab_ifrs-full_AdjustedWeightedAverageShares" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:label="loc_ifrs-full_DisclosureOfOperatingSegmentsTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsTable" xml:lang="en-US">Disclosure of operating segments [table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:to="lab_ifrs-full_DisclosureOfOperatingSegmentsTable" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InvestmentsBankingSegmentMember" xlink:label="loc_bap_InvestmentsBankingSegmentMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InvestmentsBankingSegmentMember" xml:lang="en-US">Investments banking Segment [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_InvestmentsBankingSegmentMember" xml:lang="en-US">Investment Banking and Wealth Management</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InvestmentsBankingSegmentMember" xlink:to="lab_bap_InvestmentsBankingSegmentMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AllOtherSegmentsMember" xlink:label="loc_ifrs-full_AllOtherSegmentsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AllOtherSegmentsMember" xml:lang="en-US">All other segments [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_AllOtherSegmentsMember" xml:lang="en-US">Other segments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AllOtherSegmentsMember" xlink:to="lab_ifrs-full_AllOtherSegmentsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_EliminationMember" xlink:label="loc_bap_EliminationMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_EliminationMember" xml:lang="en-US">Elimination Segments [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_EliminationMember" xml:lang="en-US">Eliminations [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_EliminationMember" xlink:to="lab_bap_EliminationMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_UniversalBankingBancoDeCrditoDelPeruMember" xlink:label="loc_bap_UniversalBankingBancoDeCrditoDelPeruMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_UniversalBankingBancoDeCrditoDelPeruMember" 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/verboseLabel" xlink:label="lab_bap_UniversalBankingBancoDeCrditoDelPeruMember" xml:lang="en-US">Universal Banking Banco de Cr&#233;dito del Per&#250; [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_UniversalBankingBancoDeCrditoDelPeruMember" xlink:to="lab_bap_UniversalBankingBancoDeCrditoDelPeruMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_UniversalBankingBancoDeCreditoDeBoliviaMember" xlink:label="loc_bap_UniversalBankingBancoDeCreditoDeBoliviaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_UniversalBankingBancoDeCreditoDeBoliviaMember" xml:lang="en-US">Universal Banking Banco de Credito de Bolivia [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_UniversalBankingBancoDeCreditoDeBoliviaMember" xlink:to="lab_bap_UniversalBankingBancoDeCreditoDeBoliviaMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MicrofinanceMibancoMember" xlink:label="loc_bap_MicrofinanceMibancoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MicrofinanceMibancoMember" xml:lang="en-US">Microfinance Mibanco [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MicrofinanceMibancoMember" xlink:to="lab_bap_MicrofinanceMibancoMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MicrofinanceEdyficasSASMember" xlink:label="loc_bap_MicrofinanceEdyficasSASMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MicrofinanceEdyficasSASMember" xml:lang="en-US">Microfinance Edyficas SAS [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MicrofinanceEdyficasSASMember" xlink:to="lab_bap_MicrofinanceEdyficasSASMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InsuranceAndPensionFundsPacificoSegurosAndSubsidiariesMember" xlink:label="loc_bap_InsuranceAndPensionFundsPacificoSegurosAndSubsidiariesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InsuranceAndPensionFundsPacificoSegurosAndSubsidiariesMember" xml:lang="en-US">Insurance And Pension Funds Pacifico Seguros And Subsidiaries [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InsuranceAndPensionFundsPacificoSegurosAndSubsidiariesMember" xlink:to="lab_bap_InsuranceAndPensionFundsPacificoSegurosAndSubsidiariesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InsuranceAndPensionFundsPrimaAfpMember" xlink:label="loc_bap_InsuranceAndPensionFundsPrimaAfpMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InsuranceAndPensionFundsPrimaAfpMember" xml:lang="en-US">Insurance And Pension Funds Prima AFP [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InsuranceAndPensionFundsPrimaAfpMember" xlink:to="lab_bap_InsuranceAndPensionFundsPrimaAfpMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:label="loc_ifrs-full_DisclosureOfOperatingSegmentsLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsLineItems" xml:lang="en-US">Disclosure of operating segments [line items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:to="lab_ifrs-full_DisclosureOfOperatingSegmentsLineItems" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" 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="lab_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xml:lang="en-US">Income tax</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:to="lab_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CapitalExpendituresIntangiblesAndgoodwill" xlink:label="loc_bap_CapitalExpendituresIntangiblesAndgoodwill" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CapitalExpendituresIntangiblesAndgoodwill" 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="lab_bap_CapitalExpendituresIntangiblesAndgoodwill" xml:lang="en-US">Capital expenditures, intangibles and goodwill</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CapitalExpendituresIntangiblesAndgoodwill" xlink:to="lab_bap_CapitalExpendituresIntangiblesAndgoodwill" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_CapitalExpendituresIntangiblesAndgoodwill" xml:lang="en-US">The amount of capital expenditures, intangibles and goodwill.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ExternalRevenue" xlink:label="loc_bap_ExternalRevenue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ExternalRevenue" xml:lang="en-US">External Revenue</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_ExternalRevenue" xml:lang="en-US">External</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ExternalRevenue" xlink:to="lab_bap_ExternalRevenue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ExternalRevenue" xml:lang="en-US">External Revenue</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_RevenueFromOtherSegments" xlink:label="loc_bap_RevenueFromOtherSegments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_RevenueFromOtherSegments" xml:lang="en-US">Revenue From Other Segments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_RevenueFromOtherSegments" xml:lang="en-US">From other segments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_RevenueFromOtherSegments" xlink:to="lab_bap_RevenueFromOtherSegments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_RevenueFromOtherSegments" xml:lang="en-US">Revenue From Other Segments</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherRevenue" xlink:label="loc_ifrs-full_OtherRevenue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_OtherRevenue" xml:lang="en-US">Other revenue</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_OtherRevenue" xml:lang="en-US">Other income, net</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherRevenue" xlink:to="lab_ifrs-full_OtherRevenue" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ProvisionForLoanLossesNet" xlink:label="loc_bap_ProvisionForLoanLossesNet" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ProvisionForLoanLossesNet" 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="lab_bap_ProvisionForLoanLossesNet" xml:lang="en-US">Provision for credit losses on loan portfolio</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ProvisionForLoanLossesNet" xlink:to="lab_bap_ProvisionForLoanLossesNet" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ProvisionForLoanLossesNet" xml:lang="en-US">Amount Of Provision For Loan Losses</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PanamaCountryMember" xlink:label="loc_bap_PanamaCountryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PanamaCountryMember" xml:lang="en-US">Panama Country [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_PanamaCountryMember" xml:lang="en-US">Panama [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PanamaCountryMember" xlink:to="lab_bap_PanamaCountryMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CaymanIslandsCountryMember" xlink:label="loc_bap_CaymanIslandsCountryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CaymanIslandsCountryMember" xml:lang="en-US">Cayman Islands Country [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_CaymanIslandsCountryMember" xml:lang="en-US">Cayman Islands [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CaymanIslandsCountryMember" xlink:to="lab_bap_CaymanIslandsCountryMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_UnitedStatesOfAmericaCountryMember" xlink:label="loc_bap_UnitedStatesOfAmericaCountryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_UnitedStatesOfAmericaCountryMember" xml:lang="en-US">United States of America Country [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_UnitedStatesOfAmericaCountryMember" xml:lang="en-US">United States of America [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_UnitedStatesOfAmericaCountryMember" xml:lang="en-US">United States of America [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_UnitedStatesOfAmericaCountryMember" xlink:to="lab_bap_UnitedStatesOfAmericaCountryMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BermudaCountryMember" xlink:label="loc_bap_BermudaCountryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BermudaCountryMember" xml:lang="en-US">Bermuda Country [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BermudaCountryMember" xlink:to="lab_bap_BermudaCountryMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfMajorCustomersLineItems" xlink:label="loc_ifrs-full_DisclosureOfMajorCustomersLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfMajorCustomersLineItems" xml:lang="en-US">Disclosure of major customers [line items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfMajorCustomersLineItems" xlink:to="lab_ifrs-full_DisclosureOfMajorCustomersLineItems" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_Revenue" xlink:label="loc_ifrs-full_Revenue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_Revenue" xml:lang="en-US">Revenue</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_Revenue" xml:lang="en-US">External income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Revenue" xlink:to="lab_ifrs-full_Revenue" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OperatingIncomeNet" xlink:label="loc_bap_OperatingIncomeNet" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OperatingIncomeNet" xml:lang="en-US">Operating Income, Net</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_OperatingIncomeNet" xml:lang="en-US">Operating income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OperatingIncomeNet" xlink:to="lab_bap_OperatingIncomeNet" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_OperatingIncomeNet" xml:lang="en-US">The amount of operating income of the entity.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts" xlink:label="loc_ifrs-full_NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts" 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="lab_ifrs-full_NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts" xml:lang="en-US">Total non-current assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts" xlink:to="lab_ifrs-full_NoncurrentAssetsOtherThanFinancialInstrumentsDeferredTaxAssetsPostemploymentBenefitAssetsAndRightsArisingUnderInsuranceContracts" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AvailableForSaleInvestmentsAndTradingSecuritiesRelatedPartyTransactions" xlink:label="loc_bap_AvailableForSaleInvestmentsAndTradingSecuritiesRelatedPartyTransactions" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AvailableForSaleInvestmentsAndTradingSecuritiesRelatedPartyTransactions" 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="lab_bap_AvailableForSaleInvestmentsAndTradingSecuritiesRelatedPartyTransactions" xml:lang="en-US">Investments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AvailableForSaleInvestmentsAndTradingSecuritiesRelatedPartyTransactions" xlink:to="lab_bap_AvailableForSaleInvestmentsAndTradingSecuritiesRelatedPartyTransactions" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AvailableForSaleInvestmentsAndTradingSecuritiesRelatedPartyTransactions" 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>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AmountsPayableRelatedPartyTransactions" xlink:label="loc_ifrs-full_AmountsPayableRelatedPartyTransactions" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AmountsPayableRelatedPartyTransactions" xml:lang="en-US">Amounts payable, related party transactions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_AmountsPayableRelatedPartyTransactions" xml:lang="en-US">Deposits</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AmountsPayableRelatedPartyTransactions" xlink:to="lab_ifrs-full_AmountsPayableRelatedPartyTransactions" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DerivativesAtFairValueRelatedPartyTransactions" xlink:label="loc_bap_DerivativesAtFairValueRelatedPartyTransactions" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DerivativesAtFairValueRelatedPartyTransactions" 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="lab_bap_DerivativesAtFairValueRelatedPartyTransactions" xml:lang="en-US">Derivatives at fair value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DerivativesAtFairValueRelatedPartyTransactions" xlink:to="lab_bap_DerivativesAtFairValueRelatedPartyTransactions" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DerivativesAtFairValueRelatedPartyTransactions" xml:lang="en-US">The fair value amount of derivative asset involved in related party transactions.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions" xlink:label="loc_ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions" 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="lab_ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions" xml:lang="en-US">Interest income related to loans</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions" xlink:to="lab_ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InterestExpensesRelatedToDepositsRelatedPartyTransactions" xlink:label="loc_bap_InterestExpensesRelatedToDepositsRelatedPartyTransactions" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InterestExpensesRelatedToDepositsRelatedPartyTransactions" 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="lab_bap_InterestExpensesRelatedToDepositsRelatedPartyTransactions" xml:lang="en-US">Interest expenses related to deposits</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InterestExpensesRelatedToDepositsRelatedPartyTransactions" xlink:to="lab_bap_InterestExpensesRelatedToDepositsRelatedPartyTransactions" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_InterestExpensesRelatedToDepositsRelatedPartyTransactions" xml:lang="en-US">The amount of interest expenses incurred during the period in related party transactions.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherRevenueIncomeRelatedPartyTransactions" xlink:label="loc_bap_OtherRevenueIncomeRelatedPartyTransactions" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherRevenueIncomeRelatedPartyTransactions" 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="lab_bap_OtherRevenueIncomeRelatedPartyTransactions" xml:lang="en-US">Other income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherRevenueIncomeRelatedPartyTransactions" xlink:to="lab_bap_OtherRevenueIncomeRelatedPartyTransactions" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_OtherRevenueIncomeRelatedPartyTransactions" xml:lang="en-US">The income which is classified as other resulted during the period from related party transactions.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OffBalanceSheetAbstract" xlink:label="loc_bap_OffBalanceSheetAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OffBalanceSheetAbstract" xml:lang="en-US">Off balance sheet [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OffBalanceSheetAbstract" xlink:to="lab_bap_OffBalanceSheetAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ContingentCreditsRelatedPartyTransactions" xlink:label="loc_bap_ContingentCreditsRelatedPartyTransactions" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ContingentCreditsRelatedPartyTransactions" 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="lab_bap_ContingentCreditsRelatedPartyTransactions" xml:lang="en-US">Indirect loans</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ContingentCreditsRelatedPartyTransactions" xlink:to="lab_bap_ContingentCreditsRelatedPartyTransactions" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ContingentCreditsRelatedPartyTransactions" xml:lang="en-US">The amount of contingent credits included in related party transactions.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfRelatedPartyExplanatoryTable" xlink:label="loc_bap_DisclosureOfRelatedPartyExplanatoryTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfRelatedPartyExplanatoryTable" xml:lang="en-US">Disclosure Of Related Party Explanatory [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfRelatedPartyExplanatoryTable" xlink:to="lab_bap_DisclosureOfRelatedPartyExplanatoryTable" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncomeStatementLocationAxis" xlink:label="loc_us-gaap_IncomeStatementLocationAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_IncomeStatementLocationAxis" xml:lang="en-US">Income Statement Location [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeStatementLocationAxis" xlink:to="lab_us-gaap_IncomeStatementLocationAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="loc_us-gaap_IncomeStatementLocationDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_IncomeStatementLocationDomain" xml:lang="en-US">Income Statement Location [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeStatementLocationDomain" xlink:to="lab_us-gaap_IncomeStatementLocationDomain" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_RemunerationsMember" xlink:label="loc_bap_RemunerationsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_RemunerationsMember" xml:lang="en-US">Remunerations [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_RemunerationsMember" xlink:to="lab_bap_RemunerationsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DirectorsFeesMember" xlink:label="loc_bap_DirectorsFeesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DirectorsFeesMember" xml:lang="en-US">Directors' fees [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_DirectorsFeesMember" xml:lang="en-US">Director's fees [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DirectorsFeesMember" xlink:to="lab_bap_DirectorsFeesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_StockAwardsMember" xlink:label="loc_bap_StockAwardsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_StockAwardsMember" xml:lang="en-US">Stock Awards [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_StockAwardsMember" xlink:to="lab_bap_StockAwardsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfRelatedPartyExplanatoryLineItems" xlink:label="loc_bap_DisclosureOfRelatedPartyExplanatoryLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfRelatedPartyExplanatoryLineItems" xml:lang="en-US">Disclosure Of Related Party Explanatory [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfRelatedPartyExplanatoryLineItems" xlink:to="lab_bap_DisclosureOfRelatedPartyExplanatoryLineItems" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_KeyManagementPersonnelCompensation" xlink:label="loc_ifrs-full_KeyManagementPersonnelCompensation" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensation" xml:lang="en-US">Key management personnel compensation</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_KeyManagementPersonnelCompensation" xlink:to="lab_ifrs-full_KeyManagementPersonnelCompensation" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfFinancialAssetsTable" xlink:label="loc_ifrs-full_DisclosureOfFinancialAssetsTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsTable" xml:lang="en-US">Disclosure of financial assets [table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialAssetsTable" xlink:to="lab_ifrs-full_DisclosureOfFinancialAssetsTable" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MutualFundsUsDollarsMember" xlink:label="loc_bap_MutualFundsUsDollarsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MutualFundsUsDollarsMember" xml:lang="en-US">Mutual funds - U.S. dollars [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MutualFundsUsDollarsMember" xlink:to="lab_bap_MutualFundsUsDollarsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MutualFundsBolivianosMember" xlink:label="loc_bap_MutualFundsBolivianosMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MutualFundsBolivianosMember" xml:lang="en-US">Mutual funds - Bolivianos [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MutualFundsBolivianosMember" xlink:to="lab_bap_MutualFundsBolivianosMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MutualFundsChileanPesosMember" xlink:label="loc_bap_MutualFundsChileanPesosMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MutualFundsChileanPesosMember" xml:lang="en-US">Mutual funds - Chilean pesos [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MutualFundsChileanPesosMember" xlink:to="lab_bap_MutualFundsChileanPesosMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MutualFundsSolesMember" xlink:label="loc_bap_MutualFundsSolesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MutualFundsSolesMember" xml:lang="en-US">Mutual funds - Soles [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MutualFundsSolesMember" xlink:to="lab_bap_MutualFundsSolesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MutualFundsColombianPesosMember" xlink:label="loc_bap_MutualFundsColombianPesosMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MutualFundsColombianPesosMember" xml:lang="en-US">Mutual funds - Colombian pesos [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MutualFundsColombianPesosMember" xlink:to="lab_bap_MutualFundsColombianPesosMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:label="loc_ifrs-full_DisclosureOfFinancialAssetsLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems" xml:lang="en-US">Disclosure of financial assets [line items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:to="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RelatedPartiesMember" xlink:label="loc_ifrs-full_RelatedPartiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_RelatedPartiesMember" xml:lang="en-US">Related parties [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RelatedPartiesMember" xlink:to="lab_ifrs-full_RelatedPartiesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_EmployeesDirectorsKeyManagementAndFamilyMember" xlink:label="loc_bap_EmployeesDirectorsKeyManagementAndFamilyMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_EmployeesDirectorsKeyManagementAndFamilyMember" xml:lang="en-US">Employees, directors, key management and family [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_EmployeesDirectorsKeyManagementAndFamilyMember" xlink:to="lab_bap_EmployeesDirectorsKeyManagementAndFamilyMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProvisionsForDoubtfulDebtsRelatedToOutstandingBalancesOfRelatedPartyTransaction" xlink:label="loc_ifrs-full_ProvisionsForDoubtfulDebtsRelatedToOutstandingBalancesOfRelatedPartyTransaction" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ProvisionsForDoubtfulDebtsRelatedToOutstandingBalancesOfRelatedPartyTransaction" 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="lab_ifrs-full_ProvisionsForDoubtfulDebtsRelatedToOutstandingBalancesOfRelatedPartyTransaction" xml:lang="en-US">Allowance for doubtful debts related to outstanding balances of related party transaction</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProvisionsForDoubtfulDebtsRelatedToOutstandingBalancesOfRelatedPartyTransaction" xlink:to="lab_ifrs-full_ProvisionsForDoubtfulDebtsRelatedToOutstandingBalancesOfRelatedPartyTransaction" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfFinancialInstrumentsExplanatoryTable" xlink:label="loc_bap_DisclosureOfFinancialInstrumentsExplanatoryTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfFinancialInstrumentsExplanatoryTable" 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="lab_bap_DisclosureOfFinancialInstrumentsExplanatoryTable" xml:lang="en-US">Designated at inception</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfFinancialInstrumentsExplanatoryTable" xlink:to="lab_bap_DisclosureOfFinancialInstrumentsExplanatoryTable" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember" xml:lang="en-US">Financial liabilities at amortised cost, category [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember" xml:lang="en-US">Financial liabilities at amortized cost</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember" xlink:to="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionCategoryMember" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionCategoryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionCategoryMember" xml:lang="en-US">Financial assets at fair value through profit or loss, designated upon initial recognition or subsequently, category [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionCategoryMember" xml:lang="en-US">Designated at inception</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionCategoryMember" xml:lang="en-US">Designated at fair value through profit for loss at inception [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionCategoryMember" xml:lang="en-US">At inception [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionCategoryMember" xlink:to="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionCategoryMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FinancialAssetsAndLiabilitiesAtAmortisedCostCategoryMember" xlink:label="loc_bap_FinancialAssetsAndLiabilitiesAtAmortisedCostCategoryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FinancialAssetsAndLiabilitiesAtAmortisedCostCategoryMember" xml:lang="en-US">Financial Assets And Liabilities At Amortised Cost Category [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FinancialAssetsAndLiabilitiesAtAmortisedCostCategoryMember" xlink:to="lab_bap_FinancialAssetsAndLiabilitiesAtAmortisedCostCategoryMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfFinancialInstrumentsExplanatoryLineItems" xlink:label="loc_bap_DisclosureOfFinancialInstrumentsExplanatoryLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfFinancialInstrumentsExplanatoryLineItems" xml:lang="en-US">Disclosure Of Financial Instruments Explanatory [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfFinancialInstrumentsExplanatoryLineItems" xlink:to="lab_bap_DisclosureOfFinancialInstrumentsExplanatoryLineItems" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TotalFinancialAssetsHeldToMaturity" xlink:label="loc_bap_TotalFinancialAssetsHeldToMaturity" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TotalFinancialAssetsHeldToMaturity" xml:lang="en-US">Total financial assets held to maturity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_TotalFinancialAssetsHeldToMaturity" xml:lang="en-US">Held-to-maturity Investments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TotalFinancialAssetsHeldToMaturity" xlink:to="lab_bap_TotalFinancialAssetsHeldToMaturity" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_TotalFinancialAssetsHeldToMaturity" xml:lang="en-US">The total amount of financial assets held to maturity.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_MaximumExposureToCreditRiskOfFinancialAssets" xlink:label="loc_ifrs-full_MaximumExposureToCreditRiskOfFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_MaximumExposureToCreditRiskOfFinancialAssets" 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="lab_ifrs-full_MaximumExposureToCreditRiskOfFinancialAssets" 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/terseLabel" xlink:label="lab_ifrs-full_MaximumExposureToCreditRiskOfFinancialAssets" xml:lang="en-US">Maximum exposure to credit risk of financial assets designated as measured at fair value through profit or loss</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MaximumExposureToCreditRiskOfFinancialAssets" xlink:to="lab_ifrs-full_MaximumExposureToCreditRiskOfFinancialAssets" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LiabilitiesAbstract" xlink:label="loc_ifrs-full_LiabilitiesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_LiabilitiesAbstract" xml:lang="en-US">Liabilities [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LiabilitiesAbstract" xlink:to="lab_ifrs-full_LiabilitiesAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CategoriesOfFinancialPositionAxis" xlink:label="loc_bap_CategoriesOfFinancialPositionAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CategoriesOfFinancialPositionAxis" xml:lang="en-US">Categories of Financial Position [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CategoriesOfFinancialPositionAxis" xlink:to="lab_bap_CategoriesOfFinancialPositionAxis" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CategoriesOfFinancialPositionDomain" xlink:label="loc_bap_CategoriesOfFinancialPositionDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CategoriesOfFinancialPositionDomain" xml:lang="en-US">Categories of Financial Position [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CategoriesOfFinancialPositionDomain" xlink:to="lab_bap_CategoriesOfFinancialPositionDomain" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CategoriesOfFinancialPositionMember" xlink:label="loc_bap_CategoriesOfFinancialPositionMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CategoriesOfFinancialPositionMember" xml:lang="en-US">Categories of Financial Position [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CategoriesOfFinancialPositionMember" xlink:to="lab_bap_CategoriesOfFinancialPositionMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_MortgagesMember" xlink:label="loc_ifrs-full_MortgagesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_MortgagesMember" xml:lang="en-US">Mortgages [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_ifrs-full_MortgagesMember" xml:lang="en-US">Residential Mortgage loans [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_ifrs-full_MortgagesMember" xml:lang="en-US">Residential mortgage loans [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_MortgagesMember" xml:lang="en-US">Residential mortgage loans [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MortgagesMember" xlink:to="lab_ifrs-full_MortgagesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MicroBusinessLoansMember" xlink:label="loc_bap_MicroBusinessLoansMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MicroBusinessLoansMember" xml:lang="en-US">Micro business loans [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_MicroBusinessLoansMember" xml:lang="en-US">Microbusiness loans [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="lab_bap_MicroBusinessLoansMember" xml:lang="en-US">Micro-business loans [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MicroBusinessLoansMember" xlink:to="lab_bap_MicroBusinessLoansMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsPastDueButNotImpairedMember" xlink:label="loc_ifrs-full_FinancialAssetsPastDueButNotImpairedMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialAssetsPastDueButNotImpairedMember" 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/verboseLabel" xlink:label="lab_ifrs-full_FinancialAssetsPastDueButNotImpairedMember" xml:lang="en-US">Past due but not impaired [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsPastDueButNotImpairedMember" xlink:to="lab_ifrs-full_FinancialAssetsPastDueButNotImpairedMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember" xlink:label="loc_ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember" 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/verboseLabel" xlink:label="lab_ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember" xml:lang="en-US">Neither past due nor impaired [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember" xlink:to="lab_ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DirectNetLoans" xlink:label="loc_bap_DirectNetLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DirectNetLoans" xml:lang="en-US">Direct net loans</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_DirectNetLoans" xml:lang="en-US">Total, net</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DirectNetLoans" xlink:to="lab_bap_DirectNetLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DirectNetLoans" xml:lang="en-US">The net amount of direct loans after allowance for loan losses.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TypeOfMeasurementOfExpectedCreditLossesAxis" xlink:label="loc_ifrs-full_TypeOfMeasurementOfExpectedCreditLossesAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_TypeOfMeasurementOfExpectedCreditLossesAxis" xml:lang="en-US">Type of measurement of expected credit losses [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypeOfMeasurementOfExpectedCreditLossesAxis" xlink:to="lab_ifrs-full_TypeOfMeasurementOfExpectedCreditLossesAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TypeOfMeasurementOfExpectedCreditLossesMember" xlink:label="loc_ifrs-full_TypeOfMeasurementOfExpectedCreditLossesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_TypeOfMeasurementOfExpectedCreditLossesMember" xml:lang="en-US">Type of measurement of expected credit losses [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypeOfMeasurementOfExpectedCreditLossesMember" xlink:to="lab_ifrs-full_TypeOfMeasurementOfExpectedCreditLossesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ImpairedLoans" xlink:label="loc_bap_ImpairedLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ImpairedLoans" xml:lang="en-US">Impaired loans</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ImpairedLoans" xlink:to="lab_bap_ImpairedLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ImpairedLoans" xml:lang="en-US">The amount of impaired loans as at reporting period.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsThatAreIndividuallyDeterminedToBeImpairedFairValueOfCollateralHeldAndOtherCreditEnhancements" xlink:label="loc_ifrs-full_FinancialAssetsThatAreIndividuallyDeterminedToBeImpairedFairValueOfCollateralHeldAndOtherCreditEnhancements" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialAssetsThatAreIndividuallyDeterminedToBeImpairedFairValueOfCollateralHeldAndOtherCreditEnhancements" 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="lab_ifrs-full_FinancialAssetsThatAreIndividuallyDeterminedToBeImpairedFairValueOfCollateralHeldAndOtherCreditEnhancements" xml:lang="en-US">Fair value of collateral</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsThatAreIndividuallyDeterminedToBeImpairedFairValueOfCollateralHeldAndOtherCreditEnhancements" xlink:to="lab_ifrs-full_FinancialAssetsThatAreIndividuallyDeterminedToBeImpairedFairValueOfCollateralHeldAndOtherCreditEnhancements" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CurrentLoansNeitherPastDueNorImpaired" xlink:label="loc_bap_CurrentLoansNeitherPastDueNorImpaired" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CurrentLoansNeitherPastDueNorImpaired" xml:lang="en-US">Current loans, neither past due nor impaired</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_CurrentLoansNeitherPastDueNorImpaired" xml:lang="en-US">Current loans</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_CurrentLoansNeitherPastDueNorImpaired" xml:lang="en-US">Current loans</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CurrentLoansNeitherPastDueNorImpaired" xlink:to="lab_bap_CurrentLoansNeitherPastDueNorImpaired" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_CurrentLoansNeitherPastDueNorImpaired" xml:lang="en-US">The amount of current loans those loans are neither past due nor impared</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CurrentButImpairedLoans" xlink:label="loc_bap_CurrentButImpairedLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CurrentButImpairedLoans" xml:lang="en-US">Current but impaired loans</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_CurrentButImpairedLoans" xml:lang="en-US">Current but impaired</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_CurrentButImpairedLoans" xml:lang="en-US">Current but impaired loans</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CurrentButImpairedLoans" xlink:to="lab_bap_CurrentButImpairedLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_CurrentButImpairedLoans" xml:lang="en-US">The amount of loans which is current but those loans are impaired.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DelayedLoansButNotInternalOverdueLoans" xlink:label="loc_bap_DelayedLoansButNotInternalOverdueLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DelayedLoansButNotInternalOverdueLoans" 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="lab_bap_DelayedLoansButNotInternalOverdueLoans" xml:lang="en-US">Loans with delay in payments of one day or more but not internal overdue loans</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DelayedLoansButNotInternalOverdueLoans" xlink:to="lab_bap_DelayedLoansButNotInternalOverdueLoans" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DelayedLoansButNotInternalOverdueLoans" xml:lang="en-US">The amount of one or more delayed loans but not internal overdue loans.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PastDueLoanUnderScopeOfIfrs7" xlink:label="loc_bap_PastDueLoanUnderScopeOfIfrs7" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PastDueLoanUnderScopeOfIfrs7" 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="lab_bap_PastDueLoanUnderScopeOfIfrs7" xml:lang="en-US">Total past due under IFRS 7</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PastDueLoanUnderScopeOfIfrs7" xlink:to="lab_bap_PastDueLoanUnderScopeOfIfrs7" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_PastDueLoanUnderScopeOfIfrs7" xml:lang="en-US">The amount of total past due loan which is in the scope of IFRS 7 class.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_EstimatedScenarioAxis" xlink:label="loc_bap_EstimatedScenarioAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_EstimatedScenarioAxis" xml:lang="en-US">Estimated Scenario [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_EstimatedScenarioAxis" xlink:to="lab_bap_EstimatedScenarioAxis" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_EstimatedScenarioDomain" xlink:label="loc_bap_EstimatedScenarioDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_EstimatedScenarioDomain" xml:lang="en-US">Estimated Scenario [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_EstimatedScenarioDomain" xlink:to="lab_bap_EstimatedScenarioDomain" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OptimisticMember" xlink:label="loc_bap_OptimisticMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OptimisticMember" xml:lang="en-US">Optimistic [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OptimisticMember" xlink:to="lab_bap_OptimisticMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BaseCaseMember" xlink:label="loc_bap_BaseCaseMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BaseCaseMember" xml:lang="en-US">Base Case [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BaseCaseMember" xlink:to="lab_bap_BaseCaseMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PessimisticMember" xlink:label="loc_bap_PessimisticMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PessimisticMember" xml:lang="en-US">Pessimistic [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PessimisticMember" xlink:to="lab_bap_PessimisticMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ExternalCreditGradesAxis" xlink:label="loc_ifrs-full_ExternalCreditGradesAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ExternalCreditGradesAxis" xml:lang="en-US">External credit grades [axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ExternalCreditGradesAxis" xml:lang="en-US">External credit grades [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExternalCreditGradesAxis" xlink:to="lab_ifrs-full_ExternalCreditGradesAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EntitysTotalForExternalCreditGradesMember" xlink:label="loc_ifrs-full_EntitysTotalForExternalCreditGradesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_EntitysTotalForExternalCreditGradesMember" xml:lang="en-US">Entity's total for external credit grades [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_EntitysTotalForExternalCreditGradesMember" xml:lang="en-US">Entity's total for external credit grades [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EntitysTotalForExternalCreditGradesMember" xlink:to="lab_ifrs-full_EntitysTotalForExternalCreditGradesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AaaMember" xlink:label="loc_bap_AaaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AaaMember" xml:lang="en-US">AAA [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AaaMember" xlink:to="lab_bap_AaaMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AaToAaMember" xlink:label="loc_bap_AaToAaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AaToAaMember" xml:lang="en-US">AA- to AA [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_AaToAaMember" xml:lang="en-US">AA- a AA+ [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AaToAaMember" xlink:to="lab_bap_AaToAaMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AToAMember" xlink:label="loc_bap_AToAMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AToAMember" xml:lang="en-US">A- to A [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_AToAMember" xml:lang="en-US">A- to A+ [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AToAMember" xlink:to="lab_bap_AToAMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BbbToBbbMember" xlink:label="loc_bap_BbbToBbbMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BbbToBbbMember" xml:lang="en-US">BBB- to BBB [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_BbbToBbbMember" xml:lang="en-US">BBB- to BBB+ [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BbbToBbbMember" xlink:to="lab_bap_BbbToBbbMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BbToBbMember" xlink:label="loc_bap_BbToBbMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BbToBbMember" xml:lang="en-US">BB- to BB [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_BbToBbMember" xml:lang="en-US">BB- to BB+ [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BbToBbMember" xlink:to="lab_bap_BbToBbMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BcrpCertificatesOfDepositMember" xlink:label="loc_bap_BcrpCertificatesOfDepositMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BcrpCertificatesOfDepositMember" xml:lang="en-US">BCRP certificates of deposit [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BcrpCertificatesOfDepositMember" xlink:to="lab_bap_BcrpCertificatesOfDepositMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_RatedAndUnratedInstrumentsMember" xlink:label="loc_bap_RatedAndUnratedInstrumentsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_RatedAndUnratedInstrumentsMember" xml:lang="en-US">Rated and unrated instruments [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_RatedAndUnratedInstrumentsMember" xlink:to="lab_bap_RatedAndUnratedInstrumentsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CertificatesOfDepositOfBoliviaCentralBankMember" xlink:label="loc_bap_CertificatesOfDepositOfBoliviaCentralBankMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CertificatesOfDepositOfBoliviaCentralBankMember" xml:lang="en-US">Certificates of deposit of Bolivia Central Bank [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CertificatesOfDepositOfBoliviaCentralBankMember" xlink:to="lab_bap_CertificatesOfDepositOfBoliviaCentralBankMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ParticipationsOfRalFundsMember" xlink:label="loc_bap_ParticipationsOfRalFundsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ParticipationsOfRalFundsMember" xml:lang="en-US">Participations of RAL Funds [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ParticipationsOfRalFundsMember" xlink:to="lab_bap_ParticipationsOfRalFundsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MutualFundsMember" xlink:label="loc_bap_MutualFundsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MutualFundsMember" xml:lang="en-US">Mutual funds [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MutualFundsMember" xlink:to="lab_bap_MutualFundsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SubtotalMember" xlink:label="loc_bap_SubtotalMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SubtotalMember" xml:lang="en-US">Subtotal [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SubtotalMember" xlink:to="lab_bap_SubtotalMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ListedAndUnlistedSecuritiesMember" xlink:label="loc_bap_ListedAndUnlistedSecuritiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ListedAndUnlistedSecuritiesMember" xml:lang="en-US">Listed and unlisted securities [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ListedAndUnlistedSecuritiesMember" xlink:to="lab_bap_ListedAndUnlistedSecuritiesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_LowerAndEqualToBMember" xlink:label="loc_bap_LowerAndEqualToBMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_LowerAndEqualToBMember" xml:lang="en-US">Lower and equal to B [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_LowerAndEqualToBMember" xml:lang="en-US">Lower and equal to +B [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_LowerAndEqualToBMember" xlink:to="lab_bap_LowerAndEqualToBMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TradingSecuritiesAvailableforsaleAndHeldtomaturityInvestmentsMember" xlink:label="loc_bap_TradingSecuritiesAvailableforsaleAndHeldtomaturityInvestmentsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TradingSecuritiesAvailableforsaleAndHeldtomaturityInvestmentsMember" xml:lang="en-US">Trading securities, available-for-sale and held-to-maturity investments [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TradingSecuritiesAvailableforsaleAndHeldtomaturityInvestmentsMember" xlink:to="lab_bap_TradingSecuritiesAvailableforsaleAndHeldtomaturityInvestmentsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PercentageOfFinancialAssets" xlink:label="loc_bap_PercentageOfFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PercentageOfFinancialAssets" xml:lang="en-US">Percentage of financial assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PercentageOfFinancialAssets" xlink:to="lab_bap_PercentageOfFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_PercentageOfFinancialAssets" xml:lang="en-US">The percentage of the entity's financial assets.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FinancialServicesMember" xlink:label="loc_bap_FinancialServicesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FinancialServicesMember" xml:lang="en-US">Financial services [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FinancialServicesMember" xlink:to="lab_bap_FinancialServicesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ManufacturingMember" xlink:label="loc_bap_ManufacturingMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ManufacturingMember" xml:lang="en-US">Manufacturing [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ManufacturingMember" xlink:to="lab_bap_ManufacturingMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MortgageLoansMember" xlink:label="loc_bap_MortgageLoansMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MortgageLoansMember" xml:lang="en-US">Mortgage loans [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MortgageLoansMember" xlink:to="lab_bap_MortgageLoansMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CommerceMember" xlink:label="loc_bap_CommerceMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CommerceMember" xml:lang="en-US">Commerce [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CommerceMember" xlink:to="lab_bap_CommerceMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_GovernmentAndPublicAdministrationMember" xlink:label="loc_bap_GovernmentAndPublicAdministrationMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_GovernmentAndPublicAdministrationMember" xml:lang="en-US">Government and public administration [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_GovernmentAndPublicAdministrationMember" xlink:to="lab_bap_GovernmentAndPublicAdministrationMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ElectricityGasAndWaterMember" xlink:label="loc_bap_ElectricityGasAndWaterMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ElectricityGasAndWaterMember" xml:lang="en-US">Electricity, gas and water [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ElectricityGasAndWaterMember" xlink:to="lab_bap_ElectricityGasAndWaterMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CommunityServicesMember" xlink:label="loc_bap_CommunityServicesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CommunityServicesMember" xml:lang="en-US">Community services [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CommunityServicesMember" xlink:to="lab_bap_CommunityServicesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CommunicationsStorageAndTransportationMember" xlink:label="loc_bap_CommunicationsStorageAndTransportationMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CommunicationsStorageAndTransportationMember" xml:lang="en-US">Communications, storage and transportation [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CommunicationsStorageAndTransportationMember" xlink:to="lab_bap_CommunicationsStorageAndTransportationMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MiningMember" xlink:label="loc_bap_MiningMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MiningMember" xml:lang="en-US">Mining [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MiningMember" xlink:to="lab_bap_MiningMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ConstructionsMember" xlink:label="loc_bap_ConstructionsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ConstructionsMember" xml:lang="en-US">Constructions [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_ConstructionsMember" xml:lang="en-US">Construction [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ConstructionsMember" xlink:to="lab_bap_ConstructionsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AgricultureMember" xlink:label="loc_bap_AgricultureMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AgricultureMember" xml:lang="en-US">Agriculture [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AgricultureMember" xlink:to="lab_bap_AgricultureMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_EducationHealthAndOtherServicesMember" xlink:label="loc_bap_EducationHealthAndOtherServicesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_EducationHealthAndOtherServicesMember" xml:lang="en-US">Education, health and other services [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_EducationHealthAndOtherServicesMember" xlink:to="lab_bap_EducationHealthAndOtherServicesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_RealEstateAndLeasingMember" xlink:label="loc_bap_RealEstateAndLeasingMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_RealEstateAndLeasingMember" xml:lang="en-US">Real Estate and Leasing [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_RealEstateAndLeasingMember" xlink:to="lab_bap_RealEstateAndLeasingMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FishingMember" xlink:label="loc_bap_FishingMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FishingMember" xml:lang="en-US">Fishing [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FishingMember" xlink:to="lab_bap_FishingMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FinancialInstrumentsWithExposureToCreditRiskMember" xlink:label="loc_bap_FinancialInstrumentsWithExposureToCreditRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FinancialInstrumentsWithExposureToCreditRiskMember" xml:lang="en-US">Financial instruments with exposure to credit risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FinancialInstrumentsWithExposureToCreditRiskMember" xlink:to="lab_bap_FinancialInstrumentsWithExposureToCreditRiskMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CountriesAxis" xlink:label="loc_bap_CountriesAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CountriesAxis" xml:lang="en-US">Countries [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CountriesAxis" xlink:to="lab_bap_CountriesAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_CountriesAxis" xml:lang="en-US">It represents countries</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CountriesDomain" xlink:label="loc_bap_CountriesDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CountriesDomain" xml:lang="en-US">Countries [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CountriesDomain" xlink:to="lab_bap_CountriesDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_CountriesDomain" xml:lang="en-US">It represents countries.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingAndHedgingMember" xlink:label="loc_bap_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingAndHedgingMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingAndHedgingMember" 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="lab_bap_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingAndHedgingMember" xml:lang="en-US">Held for trading and hedging [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingAndHedgingMember" xlink:to="lab_bap_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingAndHedgingMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BrazilCountryMember" xlink:label="loc_bap_BrazilCountryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BrazilCountryMember" xml:lang="en-US">Brazil Country [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_BrazilCountryMember" xml:lang="en-US">Brazil [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BrazilCountryMember" xlink:to="lab_bap_BrazilCountryMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MexicoCountryMember" xlink:label="loc_bap_MexicoCountryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MexicoCountryMember" xml:lang="en-US">Mexico Country [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_MexicoCountryMember" xml:lang="en-US">Mexico [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MexicoCountryMember" xlink:to="lab_bap_MexicoCountryMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CanadaCountryMember" xlink:label="loc_bap_CanadaCountryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CanadaCountryMember" xml:lang="en-US">Canada Country [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_CanadaCountryMember" xml:lang="en-US">Canada [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CanadaCountryMember" xlink:to="lab_bap_CanadaCountryMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_UntedKingdomMember" xlink:label="loc_bap_UntedKingdomMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_UntedKingdomMember" xml:lang="en-US">Unted Kingdom [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_UntedKingdomMember" xlink:to="lab_bap_UntedKingdomMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherInEuropeMember" xlink:label="loc_bap_OtherInEuropeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherInEuropeMember" xml:lang="en-US">Other in Europe [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherInEuropeMember" xlink:to="lab_bap_OtherInEuropeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FranceCountryMember" xlink:label="loc_bap_FranceCountryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FranceCountryMember" xml:lang="en-US">France Country [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_FranceCountryMember" xml:lang="en-US">France [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FranceCountryMember" xlink:to="lab_bap_FranceCountryMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SpainCountryMember" xlink:label="loc_bap_SpainCountryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SpainCountryMember" xml:lang="en-US">Spain Country [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_SpainCountryMember" xml:lang="en-US">Spain [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SpainCountryMember" xlink:to="lab_bap_SpainCountryMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TheNetherlandsCountryMember" xlink:label="loc_bap_TheNetherlandsCountryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TheNetherlandsCountryMember" xml:lang="en-US">The Netherlands Country [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_TheNetherlandsCountryMember" xml:lang="en-US">Netherlands [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TheNetherlandsCountryMember" xlink:to="lab_bap_TheNetherlandsCountryMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherCountryMember" xlink:label="loc_bap_OtherCountryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherCountryMember" xml:lang="en-US">Other Country [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_OtherCountryMember" xml:lang="en-US">Others [Members]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherCountryMember" xlink:to="lab_bap_OtherCountryMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SwitzerlandCountryMember" xlink:label="loc_bap_SwitzerlandCountryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SwitzerlandCountryMember" xml:lang="en-US">Switzerland Country [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_SwitzerlandCountryMember" xml:lang="en-US">Switzerland [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SwitzerlandCountryMember" xlink:to="lab_bap_SwitzerlandCountryMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TypesOfFinancialAssetsAxis" xlink:label="loc_ifrs-full_TypesOfFinancialAssetsAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_TypesOfFinancialAssetsAxis" xml:lang="en-US">Types of financial assets [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfFinancialAssetsAxis" xlink:to="lab_ifrs-full_TypesOfFinancialAssetsAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsTypeMember" xlink:label="loc_ifrs-full_FinancialAssetsTypeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialAssetsTypeMember" xml:lang="en-US">Financial assets, type [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsTypeMember" xlink:to="lab_ifrs-full_FinancialAssetsTypeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DerivatesMember" xlink:label="loc_bap_DerivatesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DerivatesMember" xml:lang="en-US">Derivates [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_bap_DerivatesMember" xml:lang="en-US">Receivables from derivatives [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_DerivatesMember" xml:lang="en-US">Payables from derivatives [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DerivatesMember" xlink:to="lab_bap_DerivatesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AvailableforsaleAndHeldtomaturityInvestmentsPledgedAsCollateralMember" xlink:label="loc_bap_AvailableforsaleAndHeldtomaturityInvestmentsPledgedAsCollateralMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AvailableforsaleAndHeldtomaturityInvestmentsPledgedAsCollateralMember" xml:lang="en-US">Available-for-sale and held-to-maturity investments pledged as collateral [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AvailableforsaleAndHeldtomaturityInvestmentsPledgedAsCollateralMember" xlink:to="lab_bap_AvailableforsaleAndHeldtomaturityInvestmentsPledgedAsCollateralMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsMember" xlink:label="loc_bap_CashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsMember" xml:lang="en-US">Cash collateral, reverse repurchase agreements and securities borrowings [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsMember" xlink:to="lab_bap_CashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InvestmentsAtFairValueThroughOtherComprehensiveIncomeAndAmortizedCostPledgedAsCollateralMember" xlink:label="loc_bap_InvestmentsAtFairValueThroughOtherComprehensiveIncomeAndAmortizedCostPledgedAsCollateralMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InvestmentsAtFairValueThroughOtherComprehensiveIncomeAndAmortizedCostPledgedAsCollateralMember" 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/verboseLabel" xlink:label="lab_bap_InvestmentsAtFairValueThroughOtherComprehensiveIncomeAndAmortizedCostPledgedAsCollateralMember" xml:lang="en-US">Investments at fair value through other comprehensive income and amortized cost pledged as collateral [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InvestmentsAtFairValueThroughOtherComprehensiveIncomeAndAmortizedCostPledgedAsCollateralMember" xlink:to="lab_bap_InvestmentsAtFairValueThroughOtherComprehensiveIncomeAndAmortizedCostPledgedAsCollateralMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:label="loc_ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" 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="lab_ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xml:lang="en-US">Gross amounts recognized financial assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:to="lab_ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GrossFinancialLiabilitiesSetOffAgainstFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:label="loc_ifrs-full_GrossFinancialLiabilitiesSetOffAgainstFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_GrossFinancialLiabilitiesSetOffAgainstFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xml:lang="en-US">Gross financial liabilities set off against 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="lab_ifrs-full_GrossFinancialLiabilitiesSetOffAgainstFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xml:lang="en-US">Gross amounts of recognized financial liabilities and offset in the consolidated statement of financial positions</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GrossFinancialLiabilitiesSetOffAgainstFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:to="lab_ifrs-full_GrossFinancialLiabilitiesSetOffAgainstFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" xlink:label="loc_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" 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="lab_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" xml:lang="en-US">Net of financial assets presented in the consolidated statements of financial position</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" xlink:to="lab_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" xlink:label="loc_ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" 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/2003/role/terseLabel" xlink:label="lab_ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" xml:lang="en-US">Related amounts not offset in the consolidated statement of financial position Financial Instruments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" xlink:to="lab_ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" xlink:label="loc_ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" 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/2003/role/terseLabel" xlink:label="lab_ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" xml:lang="en-US">Related amounts not offset in the consolidated statement of financial position Cash collateral received</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" xlink:to="lab_ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:label="loc_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" 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="lab_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xml:lang="en-US">Net amount</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:to="lab_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TypesOfFinancialLiabilitiesAxis" xlink:label="loc_ifrs-full_TypesOfFinancialLiabilitiesAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_TypesOfFinancialLiabilitiesAxis" xml:lang="en-US">Types of financial liabilities [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfFinancialLiabilitiesAxis" xlink:to="lab_ifrs-full_TypesOfFinancialLiabilitiesAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialLiabilitiesTypeMember" xlink:label="loc_ifrs-full_FinancialLiabilitiesTypeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialLiabilitiesTypeMember" xml:lang="en-US">Financial liabilities, type [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilitiesTypeMember" xlink:to="lab_ifrs-full_FinancialLiabilitiesTypeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfFinancialAssetsAndLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsAndSimilarAgreementsLineItems" xlink:label="loc_bap_DisclosureOfFinancialAssetsAndLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsAndSimilarAgreementsLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfFinancialAssetsAndLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsAndSimilarAgreementsLineItems" xml:lang="en-US">Disclosure Of Financial Assets And Liabilities Subject To Offsetting Enforceable Master Netting Arrangements And Similar Agreements [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfFinancialAssetsAndLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsAndSimilarAgreementsLineItems" xlink:to="lab_bap_DisclosureOfFinancialAssetsAndLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsAndSimilarAgreementsLineItems" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:label="loc_ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" 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="lab_ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xml:lang="en-US">Gross amounts recognized financial liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:to="lab_ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:label="loc_ifrs-full_GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xml:lang="en-US">Gross financial assets set off against 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="lab_ifrs-full_GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xml:lang="en-US">Gross amounts of recognized financial liabilities and offset in the consolidated statement of financial position</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:to="lab_ifrs-full_GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" xlink:label="loc_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" 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="lab_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" xml:lang="en-US">Net amounts of financial liabilities presented in the consolidated statements of financial position</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" xlink:to="lab_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" xlink:label="loc_ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" 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="lab_ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" xml:lang="en-US">Related amounts not offset in the consolidated statement of financial position Financial instruments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" xlink:to="lab_ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" xlink:label="loc_ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" 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="lab_ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" xml:lang="en-US">Related amounts not offset in the consolidated statement of financial position cash collateral pledged</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" xlink:to="lab_ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:label="loc_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" 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="lab_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xml:lang="en-US">Net amount</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:to="lab_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfConsolidatedVarByTypeOfAssetTable" xlink:label="loc_bap_DisclosureOfConsolidatedVarByTypeOfAssetTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfConsolidatedVarByTypeOfAssetTable" xml:lang="en-US">Disclosure Of Consolidated VaR by Type Of Asset [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfConsolidatedVarByTypeOfAssetTable" xlink:to="lab_bap_DisclosureOfConsolidatedVarByTypeOfAssetTable" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ConsolidatedVarByTypeOfAssetMember" xlink:label="loc_bap_ConsolidatedVarByTypeOfAssetMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ConsolidatedVarByTypeOfAssetMember" xml:lang="en-US">Consolidated VaR by type of asset [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ConsolidatedVarByTypeOfAssetMember" xlink:to="lab_bap_ConsolidatedVarByTypeOfAssetMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrencyRiskMember" xlink:label="loc_ifrs-full_CurrencyRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_CurrencyRiskMember" xml:lang="en-US">Currency risk [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_CurrencyRiskMember" xml:lang="en-US">Price risk [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrencyRiskMember" xlink:to="lab_ifrs-full_CurrencyRiskMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_VolatilityRiskMember" xlink:label="loc_bap_VolatilityRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_VolatilityRiskMember" xml:lang="en-US">Volatility Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_VolatilityRiskMember" xlink:to="lab_bap_VolatilityRiskMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RiskDiversificationEffectMember" xlink:label="loc_ifrs-full_RiskDiversificationEffectMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_RiskDiversificationEffectMember" xml:lang="en-US">Risk diversification effect [member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_RiskDiversificationEffectMember" xml:lang="en-US">Diversification effect [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RiskDiversificationEffectMember" xlink:to="lab_ifrs-full_RiskDiversificationEffectMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfConsolidatedVarByTypeOfAssetLineItems" xlink:label="loc_bap_DisclosureOfConsolidatedVarByTypeOfAssetLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfConsolidatedVarByTypeOfAssetLineItems" xml:lang="en-US">Disclosure Of Consolidated VaR by Type Of Asset [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfConsolidatedVarByTypeOfAssetLineItems" xlink:to="lab_bap_DisclosureOfConsolidatedVarByTypeOfAssetLineItems" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ValueAtRisk" xlink:label="loc_ifrs-full_ValueAtRisk" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ValueAtRisk" xml:lang="en-US">Value at risk</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_ValueAtRisk" xml:lang="en-US">Value at risk</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ValueAtRisk" xlink:to="lab_ifrs-full_ValueAtRisk" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NotLaterThanOneMonthMember" xlink:label="loc_ifrs-full_NotLaterThanOneMonthMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_NotLaterThanOneMonthMember" xml:lang="en-US">Not later than one month [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NotLaterThanOneMonthMember" xlink:to="lab_ifrs-full_NotLaterThanOneMonthMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember" xlink:label="loc_ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember" xml:lang="en-US">Later than one month and not later than three months [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember" xlink:to="lab_ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:label="loc_ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xml:lang="en-US">Later than one year and not later than five years [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:to="lab_ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_NoninterestBearingAssetsMember" xlink:label="loc_bap_NoninterestBearingAssetsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_NoninterestBearingAssetsMember" xml:lang="en-US">Non-Interest Bearing Assets [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_NoninterestBearingAssetsMember" xlink:to="lab_bap_NoninterestBearingAssetsMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AssetsAndLiabilitiesAxis" xlink:label="loc_ifrs-full_AssetsAndLiabilitiesAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AssetsAndLiabilitiesAxis" xml:lang="en-US">Assets and liabilities [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AssetsAndLiabilitiesAxis" xlink:to="lab_ifrs-full_AssetsAndLiabilitiesAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AssetsAndLiabilitiesMember" xlink:label="loc_ifrs-full_AssetsAndLiabilitiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AssetsAndLiabilitiesMember" xml:lang="en-US">Assets and liabilities [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AssetsAndLiabilitiesMember" xlink:to="lab_ifrs-full_AssetsAndLiabilitiesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CashAndDueFromBanksCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsMember" xlink:label="loc_bap_CashAndDueFromBanksCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CashAndDueFromBanksCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsMember" xml:lang="en-US">Cash and due from banks, Cash collateral, reverse repurchase agreements and securities borrowings [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CashAndDueFromBanksCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsMember" xlink:to="lab_bap_CashAndDueFromBanksCashCollateralReverseRepurchaseAgreementsAndSecuritiesBorrowingsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InvestmentMember" xlink:label="loc_bap_InvestmentMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InvestmentMember" xml:lang="en-US">Investment [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InvestmentMember" xlink:to="lab_bap_InvestmentMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_LoansNetMember" xlink:label="loc_bap_LoansNetMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_LoansNetMember" xml:lang="en-US">Loans, net [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_LoansNetMember" xlink:to="lab_bap_LoansNetMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FinancialAssetsDesignatedAtFairValueThroughProfitOrLossMember" xlink:label="loc_bap_FinancialAssetsDesignatedAtFairValueThroughProfitOrLossMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FinancialAssetsDesignatedAtFairValueThroughProfitOrLossMember" xml:lang="en-US">Financial assets designated at fair value through profit or loss [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FinancialAssetsDesignatedAtFairValueThroughProfitOrLossMember" xlink:to="lab_bap_FinancialAssetsDesignatedAtFairValueThroughProfitOrLossMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PremiumsAndOtherPoliciesAccountsReceivableMember" xlink:label="loc_bap_PremiumsAndOtherPoliciesAccountsReceivableMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PremiumsAndOtherPoliciesAccountsReceivableMember" xml:lang="en-US">Premiums and other policies Accounts receivable [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PremiumsAndOtherPoliciesAccountsReceivableMember" xlink:to="lab_bap_PremiumsAndOtherPoliciesAccountsReceivableMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AccountsReceivableFromReinsurersAndCoinsurersMember" xlink:label="loc_bap_AccountsReceivableFromReinsurersAndCoinsurersMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AccountsReceivableFromReinsurersAndCoinsurersMember" xml:lang="en-US">Accounts receivable from reinsurers and coinsurers [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AccountsReceivableFromReinsurersAndCoinsurersMember" xlink:to="lab_bap_AccountsReceivableFromReinsurersAndCoinsurersMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherAssetMember" xlink:label="loc_bap_OtherAssetMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherAssetMember" xml:lang="en-US">Other asset [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherAssetMember" xlink:to="lab_bap_OtherAssetMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AssetTotalMember" xlink:label="loc_bap_AssetTotalMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AssetTotalMember" xml:lang="en-US">Asset total [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AssetTotalMember" xlink:to="lab_bap_AssetTotalMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DepositsAndObligationsMember" xlink:label="loc_bap_DepositsAndObligationsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DepositsAndObligationsMember" xml:lang="en-US">Deposits and obligations [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DepositsAndObligationsMember" xlink:to="lab_bap_DepositsAndObligationsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PayablesFromRepurchaseAgreementsSecurityLendingAndDueToBanksAndCorrespondentsMember" xlink:label="loc_bap_PayablesFromRepurchaseAgreementsSecurityLendingAndDueToBanksAndCorrespondentsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PayablesFromRepurchaseAgreementsSecurityLendingAndDueToBanksAndCorrespondentsMember" xml:lang="en-US">Payables from repurchase agreements, security lending and due to banks and correspondents [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PayablesFromRepurchaseAgreementsSecurityLendingAndDueToBanksAndCorrespondentsMember" xlink:to="lab_bap_PayablesFromRepurchaseAgreementsSecurityLendingAndDueToBanksAndCorrespondentsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AccountsPayableToReinsurersMember" xlink:label="loc_bap_AccountsPayableToReinsurersMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AccountsPayableToReinsurersMember" xml:lang="en-US">Accounts payable to reinsurers [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AccountsPayableToReinsurersMember" xlink:to="lab_bap_AccountsPayableToReinsurersMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TechnicalInsuranceClaimsReservesAndReservesForUnearnedPremiumsMember" xlink:label="loc_bap_TechnicalInsuranceClaimsReservesAndReservesForUnearnedPremiumsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TechnicalInsuranceClaimsReservesAndReservesForUnearnedPremiumsMember" xml:lang="en-US">Technical, insurance claims reserves and reserves for unearned premiums [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TechnicalInsuranceClaimsReservesAndReservesForUnearnedPremiumsMember" xlink:to="lab_bap_TechnicalInsuranceClaimsReservesAndReservesForUnearnedPremiumsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FinancialLiabilitiesAtFairValueThroughProfitOrLossMember" xlink:label="loc_bap_FinancialLiabilitiesAtFairValueThroughProfitOrLossMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FinancialLiabilitiesAtFairValueThroughProfitOrLossMember" xml:lang="en-US">Financial liabilities at fair value through profit or loss [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FinancialLiabilitiesAtFairValueThroughProfitOrLossMember" xlink:to="lab_bap_FinancialLiabilitiesAtFairValueThroughProfitOrLossMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BondsAndNotesIssuedMember" xlink:label="loc_bap_BondsAndNotesIssuedMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BondsAndNotesIssuedMember" xml:lang="en-US">Bonds and notes issued [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BondsAndNotesIssuedMember" xlink:to="lab_bap_BondsAndNotesIssuedMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherLiabilitieMember" xlink:label="loc_bap_OtherLiabilitieMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherLiabilitieMember" xml:lang="en-US">Other liabilitie [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_OtherLiabilitieMember" xml:lang="en-US">Other liabilities [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherLiabilitieMember" xlink:to="lab_bap_OtherLiabilitieMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_EquitysMember" xlink:label="loc_bap_EquitysMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_EquitysMember" xml:lang="en-US">Equitys [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_EquitysMember" xml:lang="en-US">Equity [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_EquitysMember" xlink:to="lab_bap_EquitysMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_LiabilitiesAndEquityTotalMember" xlink:label="loc_bap_LiabilitiesAndEquityTotalMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_LiabilitiesAndEquityTotalMember" xml:lang="en-US">Liabilities and equity total [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_LiabilitiesAndEquityTotalMember" xlink:to="lab_bap_LiabilitiesAndEquityTotalMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MarginalDifferenceMember" xlink:label="loc_bap_MarginalDifferenceMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MarginalDifferenceMember" xml:lang="en-US">Marginal Difference [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_MarginalDifferenceMember" xml:lang="en-US">Marginal gap [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MarginalDifferenceMember" xlink:to="lab_bap_MarginalDifferenceMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AccumulatedDifferenceMember" xlink:label="loc_bap_AccumulatedDifferenceMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AccumulatedDifferenceMember" xml:lang="en-US">Accumulated Difference [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_AccumulatedDifferenceMember" xml:lang="en-US">Accumulated Gap [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AccumulatedDifferenceMember" xlink:to="lab_bap_AccumulatedDifferenceMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OffbalancesheetAccountsAxis" xlink:label="loc_bap_OffbalancesheetAccountsAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OffbalancesheetAccountsAxis" xml:lang="en-US">Off-balance-sheet accounts [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OffbalancesheetAccountsAxis" xlink:to="lab_bap_OffbalancesheetAccountsAxis" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OffbalancesheetAccountsDomain" xlink:label="loc_bap_OffbalancesheetAccountsDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OffbalancesheetAccountsDomain" xml:lang="en-US">Off-balance-sheet accounts [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OffbalancesheetAccountsDomain" xlink:to="lab_bap_OffbalancesheetAccountsDomain" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DerivativeFinancialAssetsMember" xlink:label="loc_bap_DerivativeFinancialAssetsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DerivativeFinancialAssetsMember" xml:lang="en-US">Derivative financial assets [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DerivativeFinancialAssetsMember" xlink:to="lab_bap_DerivativeFinancialAssetsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DerivativeFinancialLiabilitiesMember" xlink:label="loc_bap_DerivativeFinancialLiabilitiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DerivativeFinancialLiabilitiesMember" xml:lang="en-US">Derivative financial liabilities [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DerivativeFinancialLiabilitiesMember" xlink:to="lab_bap_DerivativeFinancialLiabilitiesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DerivativeNetMember" xlink:label="loc_bap_DerivativeNetMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DerivativeNetMember" xml:lang="en-US">Derivative Net [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DerivativeNetMember" xlink:to="lab_bap_DerivativeNetMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ConcentrationRiskByBenchmarkAxis" xlink:label="loc_us-gaap_ConcentrationRiskByBenchmarkAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ConcentrationRiskByBenchmarkAxis" xml:lang="en-US">Concentration Risk Benchmark [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ConcentrationRiskByBenchmarkAxis" xlink:to="lab_us-gaap_ConcentrationRiskByBenchmarkAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ConcentrationRiskBenchmarkDomain" xlink:label="loc_us-gaap_ConcentrationRiskBenchmarkDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ConcentrationRiskBenchmarkDomain" xml:lang="en-US">Concentration Risk Benchmark [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ConcentrationRiskBenchmarkDomain" xlink:to="lab_us-gaap_ConcentrationRiskBenchmarkDomain" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FinancialInstrumentCreditExposureGainLoss" xlink:label="loc_bap_FinancialInstrumentCreditExposureGainLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FinancialInstrumentCreditExposureGainLoss" 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="lab_bap_FinancialInstrumentCreditExposureGainLoss" xml:lang="en-US">Credit exposure</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FinancialInstrumentCreditExposureGainLoss" xlink:to="lab_bap_FinancialInstrumentCreditExposureGainLoss" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_FinancialInstrumentCreditExposureGainLoss" xml:lang="en-US">The amount of exposure to loss resulting from credit risk.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ExposureToRiskAxis" xlink:label="loc_bap_ExposureToRiskAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ExposureToRiskAxis" xml:lang="en-US">Exposure To Risk [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ExposureToRiskAxis" xlink:to="lab_bap_ExposureToRiskAxis" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ExposureToRiskDomain" xlink:label="loc_bap_ExposureToRiskDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ExposureToRiskDomain" xml:lang="en-US">Exposure To Risk [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ExposureToRiskDomain" xlink:to="lab_bap_ExposureToRiskDomain" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SolesAt50BasisPointsChangeMember" xlink:label="loc_bap_SolesAt50BasisPointsChangeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SolesAt50BasisPointsChangeMember" xml:lang="en-US">Soles at 50 basis points change [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SolesAt50BasisPointsChangeMember" xlink:to="lab_bap_SolesAt50BasisPointsChangeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SolesAt75BasisPointsChangeMember" xlink:label="loc_bap_SolesAt75BasisPointsChangeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SolesAt75BasisPointsChangeMember" xml:lang="en-US">Soles at 75 basis points change [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SolesAt75BasisPointsChangeMember" xlink:to="lab_bap_SolesAt75BasisPointsChangeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SolesAt100BasisPointsChangeMember" xlink:label="loc_bap_SolesAt100BasisPointsChangeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SolesAt100BasisPointsChangeMember" xml:lang="en-US">Soles at 100 basis points change [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SolesAt100BasisPointsChangeMember" xlink:to="lab_bap_SolesAt100BasisPointsChangeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SolesAt150BasisPointsChangeMember" xlink:label="loc_bap_SolesAt150BasisPointsChangeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SolesAt150BasisPointsChangeMember" xml:lang="en-US">Soles at 150 basis points change [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SolesAt150BasisPointsChangeMember" xlink:to="lab_bap_SolesAt150BasisPointsChangeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_UsDollarAt50BasisPointsChangeMember" xlink:label="loc_bap_UsDollarAt50BasisPointsChangeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_UsDollarAt50BasisPointsChangeMember" xml:lang="en-US">US Dollar at 50 basis points change [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_UsDollarAt50BasisPointsChangeMember" xlink:to="lab_bap_UsDollarAt50BasisPointsChangeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_UsDollarAt75BasisPointsChangeMember" xlink:label="loc_bap_UsDollarAt75BasisPointsChangeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_UsDollarAt75BasisPointsChangeMember" xml:lang="en-US">US Dollar at 75 basis points change [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_UsDollarAt75BasisPointsChangeMember" xlink:to="lab_bap_UsDollarAt75BasisPointsChangeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_UsDollarAt100BasisPointsChangeMember" xlink:label="loc_bap_UsDollarAt100BasisPointsChangeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_UsDollarAt100BasisPointsChangeMember" xml:lang="en-US">US Dollar at 100 basis points change [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_UsDollarAt100BasisPointsChangeMember" xlink:to="lab_bap_UsDollarAt100BasisPointsChangeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_UsDollarAt150BasisPointsChangeMember" xlink:label="loc_bap_UsDollarAt150BasisPointsChangeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_UsDollarAt150BasisPointsChangeMember" xml:lang="en-US">US Dollar at 150 basis points change [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_UsDollarAt150BasisPointsChangeMember" xlink:to="lab_bap_UsDollarAt150BasisPointsChangeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SensitivityAnalysisChangesInBasisPoints" xlink:label="loc_bap_SensitivityAnalysisChangesInBasisPoints" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SensitivityAnalysisChangesInBasisPoints" xml:lang="en-US">Sensitivity Analysis, Changes In Basis Points</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SensitivityAnalysisChangesInBasisPoints" xlink:to="lab_bap_SensitivityAnalysisChangesInBasisPoints" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_SensitivityAnalysisChangesInBasisPoints" 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>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SensitivityAnalysisChangesInNetProfit" xlink:label="loc_bap_SensitivityAnalysisChangesInNetProfit" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SensitivityAnalysisChangesInNetProfit" 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="lab_bap_SensitivityAnalysisChangesInNetProfit" xml:lang="en-US">Sensitivity Analysis, Net Profit</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SensitivityAnalysisChangesInNetProfit" xlink:to="lab_bap_SensitivityAnalysisChangesInNetProfit" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_SensitivityAnalysisChangesInNetProfit" xml:lang="en-US">The amount of change in net profit due to change in basis points.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SensitivityAnalysisChangesInEconomicValue" xlink:label="loc_bap_SensitivityAnalysisChangesInEconomicValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SensitivityAnalysisChangesInEconomicValue" 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="lab_bap_SensitivityAnalysisChangesInEconomicValue" xml:lang="en-US">Sensitivity Analysis, Net Economic Value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SensitivityAnalysisChangesInEconomicValue" xlink:to="lab_bap_SensitivityAnalysisChangesInEconomicValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_SensitivityAnalysisChangesInEconomicValue" xml:lang="en-US">The amount of change in economic value due to change in basis points.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_EquitySecuritiesAt10PercentChangeMember" xlink:label="loc_bap_EquitySecuritiesAt10PercentChangeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_EquitySecuritiesAt10PercentChangeMember" xml:lang="en-US">Equity securities at 10 percent change [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_EquitySecuritiesAt10PercentChangeMember" xlink:to="lab_bap_EquitySecuritiesAt10PercentChangeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_EquitySecuritiesAt25PercentChangeMember" xlink:label="loc_bap_EquitySecuritiesAt25PercentChangeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_EquitySecuritiesAt25PercentChangeMember" xml:lang="en-US">Equity securities at 25 percent change [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_EquitySecuritiesAt25PercentChangeMember" xlink:to="lab_bap_EquitySecuritiesAt25PercentChangeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_EquitySecuritiesAt30PercentChangeMember" xlink:label="loc_bap_EquitySecuritiesAt30PercentChangeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_EquitySecuritiesAt30PercentChangeMember" xml:lang="en-US">Equity securities at 30 percent change [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_EquitySecuritiesAt30PercentChangeMember" xlink:to="lab_bap_EquitySecuritiesAt30PercentChangeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MutualFundsAt10PercentChangeMember" xlink:label="loc_bap_MutualFundsAt10PercentChangeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MutualFundsAt10PercentChangeMember" xml:lang="en-US">Mutual Funds at 10 percent change [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_MutualFundsAt10PercentChangeMember" xml:lang="en-US">Participation in Mutual Funds at 10 percent change [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MutualFundsAt10PercentChangeMember" xlink:to="lab_bap_MutualFundsAt10PercentChangeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MutualFundsAt25PercentChangeMember" xlink:label="loc_bap_MutualFundsAt25PercentChangeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MutualFundsAt25PercentChangeMember" xml:lang="en-US">Mutual Funds at 25 percent change [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_MutualFundsAt25PercentChangeMember" xml:lang="en-US">Participation in Mutual Funds at 25 percent change [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MutualFundsAt25PercentChangeMember" xlink:to="lab_bap_MutualFundsAt25PercentChangeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MutualFundsAt30PercentChangeMember" xlink:label="loc_bap_MutualFundsAt30PercentChangeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MutualFundsAt30PercentChangeMember" xml:lang="en-US">Participation in Mutual Funds at 30 percent change [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MutualFundsAt30PercentChangeMember" xlink:to="lab_bap_MutualFundsAt30PercentChangeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_HedgeFundsAt10PercentChangeMember" xlink:label="loc_bap_HedgeFundsAt10PercentChangeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_HedgeFundsAt10PercentChangeMember" xml:lang="en-US">Hedge Funds at 10 percent change [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_HedgeFundsAt10PercentChangeMember" xlink:to="lab_bap_HedgeFundsAt10PercentChangeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_HedgeFundsAt25PercentChangeMember" xlink:label="loc_bap_HedgeFundsAt25PercentChangeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_HedgeFundsAt25PercentChangeMember" xml:lang="en-US">Hedge Funds at 25 percent change [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_HedgeFundsAt25PercentChangeMember" xlink:to="lab_bap_HedgeFundsAt25PercentChangeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_HedgeFundsAt30PercentChangeMember" xlink:label="loc_bap_HedgeFundsAt30PercentChangeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_HedgeFundsAt30PercentChangeMember" xml:lang="en-US">Hedge Funds at 30 percent change [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_HedgeFundsAt30PercentChangeMember" xlink:to="lab_bap_HedgeFundsAt30PercentChangeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_RestrictedMutualFundsAt10PercentChangeMemberMember" xlink:label="loc_bap_RestrictedMutualFundsAt10PercentChangeMemberMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_RestrictedMutualFundsAt10PercentChangeMemberMember" xml:lang="en-US">Restricted mutual funds at 10 percent change [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_RestrictedMutualFundsAt10PercentChangeMemberMember" xlink:to="lab_bap_RestrictedMutualFundsAt10PercentChangeMemberMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_RestrictedMutualFundsAt25PercentChangeMemberMember" xlink:label="loc_bap_RestrictedMutualFundsAt25PercentChangeMemberMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_RestrictedMutualFundsAt25PercentChangeMemberMember" xml:lang="en-US">Restricted mutual funds at 25 percent change [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_RestrictedMutualFundsAt25PercentChangeMemberMember" xlink:to="lab_bap_RestrictedMutualFundsAt25PercentChangeMemberMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_RestrictedMutualFundsAt30PercentChangeMemberMember" xlink:label="loc_bap_RestrictedMutualFundsAt30PercentChangeMemberMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_RestrictedMutualFundsAt30PercentChangeMemberMember" xml:lang="en-US">Restricted mutual funds at 30 percent change [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_RestrictedMutualFundsAt30PercentChangeMemberMember" xlink:to="lab_bap_RestrictedMutualFundsAt30PercentChangeMemberMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ParticipationInRALFundsAt10PercentChangeMemberMember" xlink:label="loc_bap_ParticipationInRALFundsAt10PercentChangeMemberMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ParticipationInRALFundsAt10PercentChangeMemberMember" xml:lang="en-US">Participation in RAL funds at 10 percent change [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ParticipationInRALFundsAt10PercentChangeMemberMember" xlink:to="lab_bap_ParticipationInRALFundsAt10PercentChangeMemberMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ParticipationInRALFundsAt25PercentChangeMemberMemberMember" xlink:label="loc_bap_ParticipationInRALFundsAt25PercentChangeMemberMemberMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ParticipationInRALFundsAt25PercentChangeMemberMemberMember" xml:lang="en-US">Participation in RAL funds at 25 percent change [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ParticipationInRALFundsAt25PercentChangeMemberMemberMember" xlink:to="lab_bap_ParticipationInRALFundsAt25PercentChangeMemberMemberMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ParticipationInRALFundsAt30PercentChangeMemberMemberMember" xlink:label="loc_bap_ParticipationInRALFundsAt30PercentChangeMemberMemberMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ParticipationInRALFundsAt30PercentChangeMemberMemberMember" xml:lang="en-US">Participation in RAL funds at 30 percent change [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ParticipationInRALFundsAt30PercentChangeMemberMemberMember" xlink:to="lab_bap_ParticipationInRALFundsAt30PercentChangeMemberMemberMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InvestmentFundsAt10PercentChangeMember" xlink:label="loc_bap_InvestmentFundsAt10PercentChangeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InvestmentFundsAt10PercentChangeMember" xml:lang="en-US">Investment funds at 10 percent change [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InvestmentFundsAt10PercentChangeMember" xlink:to="lab_bap_InvestmentFundsAt10PercentChangeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InvestmentFundsAt25PercentChangeMember" xlink:label="loc_bap_InvestmentFundsAt25PercentChangeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InvestmentFundsAt25PercentChangeMember" xml:lang="en-US">Investment funds at 25 percent change [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InvestmentFundsAt25PercentChangeMember" xlink:to="lab_bap_InvestmentFundsAt25PercentChangeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InvestmentFundsAt30PercentChangeMember" xlink:label="loc_bap_InvestmentFundsAt30PercentChangeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InvestmentFundsAt30PercentChangeMember" xml:lang="en-US">Investment funds at 30 percent change [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InvestmentFundsAt30PercentChangeMember" xlink:to="lab_bap_InvestmentFundsAt30PercentChangeMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SensitivityAnalysisPercentageChangesInMarketPrice" xlink:label="loc_bap_SensitivityAnalysisPercentageChangesInMarketPrice" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SensitivityAnalysisPercentageChangesInMarketPrice" xml:lang="en-US">Sensitivity Analysis, Percentage Changes In Market Price</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SensitivityAnalysisPercentageChangesInMarketPrice" xlink:to="lab_bap_SensitivityAnalysisPercentageChangesInMarketPrice" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_SensitivityAnalysisPercentageChangesInMarketPrice" xml:lang="en-US">The reasonably possible percenatge change in market price used in sensitivity analysis to determine expected unrealized gain or loss.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SensitivityAnalysisexpectedUnrealizedGainOrLossDueToChangeInMarketPrice" xlink:label="loc_bap_SensitivityAnalysisexpectedUnrealizedGainOrLossDueToChangeInMarketPrice" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SensitivityAnalysisexpectedUnrealizedGainOrLossDueToChangeInMarketPrice" xml:lang="en-US">Sensitivity Analysis,expected unrealized gain or loss due to change in market price</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SensitivityAnalysisexpectedUnrealizedGainOrLossDueToChangeInMarketPrice" xlink:to="lab_bap_SensitivityAnalysisexpectedUnrealizedGainOrLossDueToChangeInMarketPrice" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_SensitivityAnalysisexpectedUnrealizedGainOrLossDueToChangeInMarketPrice" xml:lang="en-US">The amount of expected unrealized gain or loss due to change in market price.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xlink:label="loc_ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMember" 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/verboseLabel" xlink:label="lab_ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xml:lang="en-US">Measured at fair value through other comprehensive Change in income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xlink:to="lab_ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MonetaryAssetsMember" xlink:label="loc_bap_MonetaryAssetsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MonetaryAssetsMember" xml:lang="en-US">Monetary Assets [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MonetaryAssetsMember" xlink:to="lab_bap_MonetaryAssetsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MonetaryLiabilitiesMember" xlink:label="loc_bap_MonetaryLiabilitiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MonetaryLiabilitiesMember" xml:lang="en-US">Monetary Liabilities [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MonetaryLiabilitiesMember" xlink:to="lab_bap_MonetaryLiabilitiesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_TotalFinancialAssetHeldToMaturity" xlink:label="loc_bap_TotalFinancialAssetHeldToMaturity" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_TotalFinancialAssetHeldToMaturity" xml:lang="en-US">Total financial asset held to maturity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_TotalFinancialAssetHeldToMaturity" xml:lang="en-US">Held-to-maturity</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_TotalFinancialAssetHeldToMaturity" xlink:to="lab_bap_TotalFinancialAssetHeldToMaturity" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_TotalFinancialAssetHeldToMaturity" xml:lang="en-US">The total amount of financial assets held to maturity.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NetAssetsLiabilities" xlink:label="loc_ifrs-full_NetAssetsLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_NetAssetsLiabilities" xml:lang="en-US">Assets (liabilities)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ifrs-full_NetAssetsLiabilities" xml:lang="en-US">Gains (losses) on net monetary position</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetAssetsLiabilities" xlink:to="lab_ifrs-full_NetAssetsLiabilities" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ForwardsPositionNet" xlink:label="loc_bap_ForwardsPositionNet" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ForwardsPositionNet" xml:lang="en-US">Forwards Position Net</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_ForwardsPositionNet" xml:lang="en-US">Forwards position, net</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ForwardsPositionNet" xlink:to="lab_bap_ForwardsPositionNet" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_ForwardsPositionNet" xml:lang="en-US">The amount of net forwards position.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CurrencySwapsPositionNet" xlink:label="loc_bap_CurrencySwapsPositionNet" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CurrencySwapsPositionNet" xml:lang="en-US">Currency Swaps Position Net</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_CurrencySwapsPositionNet" xml:lang="en-US">Currency swaps position, net</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CurrencySwapsPositionNet" xlink:to="lab_bap_CurrencySwapsPositionNet" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_CurrencySwapsPositionNet" xml:lang="en-US">The amount of net currency swaps position.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CrossCurrencySwapsPositionNet" xlink:label="loc_bap_CrossCurrencySwapsPositionNet" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CrossCurrencySwapsPositionNet" 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="lab_bap_CrossCurrencySwapsPositionNet" xml:lang="en-US">Cross currency swaps position, net</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CrossCurrencySwapsPositionNet" xlink:to="lab_bap_CrossCurrencySwapsPositionNet" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_CrossCurrencySwapsPositionNet" xml:lang="en-US">The amount of net cross currency swaps position.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OptionsNet" xlink:label="loc_bap_OptionsNet" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OptionsNet" xml:lang="en-US">Options Net</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_OptionsNet" xml:lang="en-US">Options, net</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OptionsNet" xlink:to="lab_bap_OptionsNet" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_OptionsNet" xml:lang="en-US">The amount of net options.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_NetMonetaryPosition" xlink:label="loc_bap_NetMonetaryPosition" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_NetMonetaryPosition" xml:lang="en-US">Net Monetary Position</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_NetMonetaryPosition" xml:lang="en-US">Net monetary position</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_NetMonetaryPosition" xlink:to="lab_bap_NetMonetaryPosition" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_NetMonetaryPosition" xml:lang="en-US">The amount of net monetary position.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherCurrencyMember" xlink:label="loc_bap_OtherCurrencyMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherCurrencyMember" xml:lang="en-US">Other Currency [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherCurrencyMember" xlink:to="lab_bap_OtherCurrencyMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchnageRatesAbstract" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchnageRatesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchnageRatesAbstract" xml:lang="en-US">disclosure of detailed information about assets and liabilities by currencies at the free market exchnage rates [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchnageRatesAbstract" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchnageRatesAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchnageRatesTable" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchnageRatesTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchnageRatesTable" xml:lang="en-US">disclosure of detailed information about assets and liabilities by currencies at the free market exchnage rates [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchnageRatesTable" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchnageRatesTable" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DevalualtionAt5InUsDollarMember" xlink:label="loc_bap_DevalualtionAt5InUsDollarMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DevalualtionAt5InUsDollarMember" xml:lang="en-US">Devalualtion at 5 in US Dollar [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DevalualtionAt5InUsDollarMember" xlink:to="lab_bap_DevalualtionAt5InUsDollarMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DevalualtionAt10InUsDollarMember" xlink:label="loc_bap_DevalualtionAt10InUsDollarMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DevalualtionAt10InUsDollarMember" xml:lang="en-US">Devalualtion at 10 in US Dollar [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DevalualtionAt10InUsDollarMember" xlink:to="lab_bap_DevalualtionAt10InUsDollarMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_RevaluationIn5InUsDollarMember" xlink:label="loc_bap_RevaluationIn5InUsDollarMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_RevaluationIn5InUsDollarMember" xml:lang="en-US">Revaluation In 5 In US Dollar [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_RevaluationIn5InUsDollarMember" xlink:to="lab_bap_RevaluationIn5InUsDollarMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_RevaluationIn10InUsDollarMember" xlink:label="loc_bap_RevaluationIn10InUsDollarMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_RevaluationIn10InUsDollarMember" xml:lang="en-US">Revaluation In 10 In US Dollar [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_RevaluationIn10InUsDollarMember" xlink:to="lab_bap_RevaluationIn10InUsDollarMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchnageRatesLineItems" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchnageRatesLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchnageRatesLineItems" xml:lang="en-US">disclosure of detailed information about assets and liabilities by currencies at the free market exchnage rates [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchnageRatesLineItems" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutAssetsAndLiabilitiesByCurrenciesAtFreeMarketExchnageRatesLineItems" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SensitivityAnalysisPercentChangeInCurrency" xlink:label="loc_bap_SensitivityAnalysisPercentChangeInCurrency" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SensitivityAnalysisPercentChangeInCurrency" xml:lang="en-US">Sensitivity Analysis, Percent Change In Currency</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SensitivityAnalysisPercentChangeInCurrency" xlink:to="lab_bap_SensitivityAnalysisPercentChangeInCurrency" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_SensitivityAnalysisPercentChangeInCurrency" xml:lang="en-US">The reasonably possible percentage change in currency used to calculate the movement in non-trading monetary assets and liabilities.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_SensitivityAnalysisChangeInNontradingMonetaryAssetsAndLiabilities" xlink:label="loc_bap_SensitivityAnalysisChangeInNontradingMonetaryAssetsAndLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_SensitivityAnalysisChangeInNontradingMonetaryAssetsAndLiabilities" xml:lang="en-US">Sensitivity Analysis, change in non-trading monetary assets and liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_SensitivityAnalysisChangeInNontradingMonetaryAssetsAndLiabilities" xlink:to="lab_bap_SensitivityAnalysisChangeInNontradingMonetaryAssetsAndLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_SensitivityAnalysisChangeInNontradingMonetaryAssetsAndLiabilities" xml:lang="en-US">The amount of change in non-trading monetary assets and liabilities due to percent change in currency.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesAbstract" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesAbstract" xml:lang="en-US">Disclosure of detailed information about cash flows associated with the remaining contractual maturities [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesAbstract" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesTable" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesTable" xml:lang="en-US">Disclosure of detailed information about cash flows associated with the remaining contractual maturities [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesTable" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesTable" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_UptoOneMonthMember" xlink:label="loc_bap_UptoOneMonthMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_UptoOneMonthMember" xml:lang="en-US">Upto one month [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_UptoOneMonthMember" xml:lang="en-US">Up to one month [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_UptoOneMonthMember" xlink:to="lab_bap_UptoOneMonthMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OneToThreeMonthsMember" xlink:label="loc_bap_OneToThreeMonthsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OneToThreeMonthsMember" xml:lang="en-US">One to three months [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OneToThreeMonthsMember" xlink:to="lab_bap_OneToThreeMonthsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ThreeToTwelveMonthsMember" xlink:label="loc_bap_ThreeToTwelveMonthsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ThreeToTwelveMonthsMember" xml:lang="en-US">Three to twelve months [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ThreeToTwelveMonthsMember" xlink:to="lab_bap_ThreeToTwelveMonthsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OneToFiveYearsMember" xlink:label="loc_bap_OneToFiveYearsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OneToFiveYearsMember" xml:lang="en-US">One to five years [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OneToFiveYearsMember" xlink:to="lab_bap_OneToFiveYearsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_LaterThan5YearsMember" xlink:label="loc_bap_LaterThan5YearsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_LaterThan5YearsMember" xml:lang="en-US">Later than 5 years [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_LaterThan5YearsMember" xlink:to="lab_bap_LaterThan5YearsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ReversePurchaseAgreementsAndSecurityLendingsMember" xlink:label="loc_bap_ReversePurchaseAgreementsAndSecurityLendingsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ReversePurchaseAgreementsAndSecurityLendingsMember" xml:lang="en-US">Reverse purchase agreements and security lendings [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_ReversePurchaseAgreementsAndSecurityLendingsMember" xml:lang="en-US">Payables from reverse purchase agreements and security lendings and due to banks and correspondents [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ReversePurchaseAgreementsAndSecurityLendingsMember" xlink:to="lab_bap_ReversePurchaseAgreementsAndSecurityLendingsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PayablesToReinsurersAndCoinsurersMember" xlink:label="loc_bap_PayablesToReinsurersAndCoinsurersMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PayablesToReinsurersAndCoinsurersMember" xml:lang="en-US">Payables to reinsurers and coinsurers [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_PayablesToReinsurersAndCoinsurersMember" xml:lang="en-US">Accounts payable to reinsurers and and coinsurers [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PayablesToReinsurersAndCoinsurersMember" xlink:to="lab_bap_PayablesToReinsurersAndCoinsurersMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember" xml:lang="en-US">Financial liabilities at fair value through profit or loss, category [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember" xlink:to="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BondsAndNotesMember" xlink:label="loc_bap_BondsAndNotesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BondsAndNotesMember" xml:lang="en-US">Bonds and notes [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BondsAndNotesMember" xlink:to="lab_bap_BondsAndNotesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_OtherFinancialLiabilitiesMember" xlink:label="loc_bap_OtherFinancialLiabilitiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_OtherFinancialLiabilitiesMember" xml:lang="en-US">Other financial liabilities [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_OtherFinancialLiabilitiesMember" xlink:to="lab_bap_OtherFinancialLiabilitiesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesLineItems" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesLineItems" xml:lang="en-US">Disclosure of detailed information about cash flows associated with the remaining contractual maturities [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesLineItems" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutCashFlowsAssociatedWithRemainingContractualMaturitiesLineItems" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_UndiscountedCashOutflowRequiredToRepurchaseDerecognisedFinancialAssets" xlink:label="loc_ifrs-full_UndiscountedCashOutflowRequiredToRepurchaseDerecognisedFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_UndiscountedCashOutflowRequiredToRepurchaseDerecognisedFinancialAssets" xml:lang="en-US">Undiscounted cash outflow required to repurchase derecognised financial assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UndiscountedCashOutflowRequiredToRepurchaseDerecognisedFinancialAssets" xlink:to="lab_ifrs-full_UndiscountedCashOutflowRequiredToRepurchaseDerecognisedFinancialAssets" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NonderivativeFinancialLiabilitiesUndiscountedCashFlows" xlink:label="loc_ifrs-full_NonderivativeFinancialLiabilitiesUndiscountedCashFlows" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_NonderivativeFinancialLiabilitiesUndiscountedCashFlows" xml:lang="en-US">Non-derivative financial liabilities, undiscounted cash flows</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NonderivativeFinancialLiabilitiesUndiscountedCashFlows" xlink:to="lab_ifrs-full_NonderivativeFinancialLiabilitiesUndiscountedCashFlows" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CategoriesOfDerivativeFinancialLiabilitiesAbstract" xlink:label="loc_bap_CategoriesOfDerivativeFinancialLiabilitiesAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CategoriesOfDerivativeFinancialLiabilitiesAbstract" 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="lab_bap_CategoriesOfDerivativeFinancialLiabilitiesAbstract" xml:lang="en-US">Derivative financial liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CategoriesOfDerivativeFinancialLiabilitiesAbstract" xlink:to="lab_bap_CategoriesOfDerivativeFinancialLiabilitiesAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DerivativeFinancialLiabilitiesUndiscountedCashInflows" xlink:label="loc_bap_DerivativeFinancialLiabilitiesUndiscountedCashInflows" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DerivativeFinancialLiabilitiesUndiscountedCashInflows" 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="lab_bap_DerivativeFinancialLiabilitiesUndiscountedCashInflows" xml:lang="en-US">Contractual amounts receivable (Inflows)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DerivativeFinancialLiabilitiesUndiscountedCashInflows" xlink:to="lab_bap_DerivativeFinancialLiabilitiesUndiscountedCashInflows" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DerivativeFinancialLiabilitiesUndiscountedCashInflows" xml:lang="en-US">The amount of contractual undiscounted cash inflows in relation to derivative financial liabilities.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DerivativeFinancialLiabilitiesUndiscountedCashFlows" xlink:label="loc_ifrs-full_DerivativeFinancialLiabilitiesUndiscountedCashFlows" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_DerivativeFinancialLiabilitiesUndiscountedCashFlows" 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="lab_ifrs-full_DerivativeFinancialLiabilitiesUndiscountedCashFlows" xml:lang="en-US">Contractual amounts payable (outflows)</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DerivativeFinancialLiabilitiesUndiscountedCashFlows" xlink:to="lab_ifrs-full_DerivativeFinancialLiabilitiesUndiscountedCashFlows" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DerivativeFinancialLiabilitiesUndiscountedCashInflowsOutflows" xlink:label="loc_bap_DerivativeFinancialLiabilitiesUndiscountedCashInflowsOutflows" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DerivativeFinancialLiabilitiesUndiscountedCashInflowsOutflows" 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="lab_bap_DerivativeFinancialLiabilitiesUndiscountedCashInflowsOutflows" xml:lang="en-US">Total liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DerivativeFinancialLiabilitiesUndiscountedCashInflowsOutflows" xlink:to="lab_bap_DerivativeFinancialLiabilitiesUndiscountedCashInflowsOutflows" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_DerivativeFinancialLiabilitiesUndiscountedCashInflowsOutflows" xml:lang="en-US">The amount of contractual undiscounted cash inflows (outflows) in relation to derivative financial liabilities.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfFinancialRiskManagementsTable" xlink:label="loc_bap_DisclosureOfFinancialRiskManagementsTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfFinancialRiskManagementsTable" xml:lang="en-US">Disclosure Of financial Risk Managements [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfFinancialRiskManagementsTable" xlink:to="lab_bap_DisclosureOfFinancialRiskManagementsTable" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DerivativeFinacialInstrumentsAxis" xlink:label="loc_bap_DerivativeFinacialInstrumentsAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DerivativeFinacialInstrumentsAxis" xml:lang="en-US">Derivative finacial instruments [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DerivativeFinacialInstrumentsAxis" xlink:to="lab_bap_DerivativeFinacialInstrumentsAxis" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DerivativeFinacialInstrumentsDomain" xlink:label="loc_bap_DerivativeFinacialInstrumentsDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DerivativeFinacialInstrumentsDomain" xml:lang="en-US">Derivative finacial instruments [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DerivativeFinacialInstrumentsDomain" xlink:to="lab_bap_DerivativeFinacialInstrumentsDomain" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:label="loc_ifrs-full_LevelsOfFairValueHierarchyAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_LevelsOfFairValueHierarchyAxis" xml:lang="en-US">Levels of fair value hierarchy [axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:to="lab_ifrs-full_LevelsOfFairValueHierarchyAxis" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AllLevelsOfFairValueHierarchyMember" xlink:label="loc_ifrs-full_AllLevelsOfFairValueHierarchyMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_AllLevelsOfFairValueHierarchyMember" xml:lang="en-US">All levels of fair value hierarchy [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AllLevelsOfFairValueHierarchyMember" xlink:to="lab_ifrs-full_AllLevelsOfFairValueHierarchyMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_Level1OfFairValueHierarchyMember" xlink:label="loc_ifrs-full_Level1OfFairValueHierarchyMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_Level1OfFairValueHierarchyMember" xml:lang="en-US">Level 1 of fair value hierarchy [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Level1OfFairValueHierarchyMember" xlink:to="lab_ifrs-full_Level1OfFairValueHierarchyMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_Level2OfFairValueHierarchyMember" xlink:label="loc_ifrs-full_Level2OfFairValueHierarchyMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_Level2OfFairValueHierarchyMember" xml:lang="en-US">Level 2 of fair value hierarchy [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Level2OfFairValueHierarchyMember" xlink:to="lab_ifrs-full_Level2OfFairValueHierarchyMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_Level3OfFairValueHierarchyMember" xlink:label="loc_ifrs-full_Level3OfFairValueHierarchyMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_Level3OfFairValueHierarchyMember" xml:lang="en-US">Level 3 of fair value hierarchy [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Level3OfFairValueHierarchyMember" xlink:to="lab_ifrs-full_Level3OfFairValueHierarchyMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CrossCurrencySwapsMember" xlink:label="loc_bap_CrossCurrencySwapsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CrossCurrencySwapsMember" xml:lang="en-US">Cross currency swaps [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CrossCurrencySwapsMember" xlink:to="lab_bap_CrossCurrencySwapsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_ForeignCurrencyOptionsMember" xlink:label="loc_bap_ForeignCurrencyOptionsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_ForeignCurrencyOptionsMember" xml:lang="en-US">Foreign currency options [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_ForeignCurrencyOptionsMember" xlink:to="lab_bap_ForeignCurrencyOptionsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BondsAndNotesIssuedAtFairValueMember" xlink:label="loc_bap_BondsAndNotesIssuedAtFairValueMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BondsAndNotesIssuedAtFairValueMember" xml:lang="en-US">Bonds and notes issued at fair value [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BondsAndNotesIssuedAtFairValueMember" xlink:to="lab_bap_BondsAndNotesIssuedAtFairValueMember" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ForwardContractMember" xlink:label="loc_ifrs-full_ForwardContractMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ForwardContractMember" xml:lang="en-US">Forward contract [member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ForwardContractMember" xlink:to="lab_ifrs-full_ForwardContractMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InvestmentsAtFairValueThroughProfitOrLossMember" xlink:label="loc_bap_InvestmentsAtFairValueThroughProfitOrLossMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InvestmentsAtFairValueThroughProfitOrLossMember" xml:lang="en-US">Investments At Fair Value Through Profit or Loss [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InvestmentsAtFairValueThroughProfitOrLossMember" xlink:to="lab_bap_InvestmentsAtFairValueThroughProfitOrLossMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AvailableforsaleinvestmentsAxis" xlink:label="loc_bap_AvailableforsaleinvestmentsAxis" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AvailableforsaleinvestmentsAxis" xml:lang="en-US">Available-for-sale investments [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AvailableforsaleinvestmentsAxis" xlink:to="lab_bap_AvailableforsaleinvestmentsAxis" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AvailableforsaleinvestmentsDomain" xlink:label="loc_bap_AvailableforsaleinvestmentsDomain" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AvailableforsaleinvestmentsDomain" xml:lang="en-US">Available-for-sale investments [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AvailableforsaleinvestmentsDomain" xlink:to="lab_bap_AvailableforsaleinvestmentsDomain" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CorporateBondsLeasesAndSubordinateMember" xlink:label="loc_bap_CorporateBondsLeasesAndSubordinateMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CorporateBondsLeasesAndSubordinateMember" xml:lang="en-US">Corporate bonds, leases and subordinate [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_CorporateBondsLeasesAndSubordinateMember" xml:lang="en-US">Corporate, leasing and subordinated bons [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CorporateBondsLeasesAndSubordinateMember" xlink:to="lab_bap_CorporateBondsLeasesAndSubordinateMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_EquityInstrumentsMember" xlink:label="loc_bap_EquityInstrumentsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_EquityInstrumentsMember" xml:lang="en-US">Equity instruments [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_EquityInstrumentsMember" xlink:to="lab_bap_EquityInstrumentsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutComparisonBetweenCarryingAmountsAndFairValueOfFinancialInstrumentsWhichAreNotMeasuredAtFairValueAbstract" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutComparisonBetweenCarryingAmountsAndFairValueOfFinancialInstrumentsWhichAreNotMeasuredAtFairValueAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutComparisonBetweenCarryingAmountsAndFairValueOfFinancialInstrumentsWhichAreNotMeasuredAtFairValueAbstract" 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>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutComparisonBetweenCarryingAmountsAndFairValueOfFinancialInstrumentsWhichAreNotMeasuredAtFairValueAbstract" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutComparisonBetweenCarryingAmountsAndFairValueOfFinancialInstrumentsWhichAreNotMeasuredAtFairValueAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutComparisonBetweenCarryingAmountsAndFairValueOfFinancialInstrumentsWhichAreNotMeasuredAtFairValueTable" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutComparisonBetweenCarryingAmountsAndFairValueOfFinancialInstrumentsWhichAreNotMeasuredAtFairValueTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutComparisonBetweenCarryingAmountsAndFairValueOfFinancialInstrumentsWhichAreNotMeasuredAtFairValueTable" 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>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutComparisonBetweenCarryingAmountsAndFairValueOfFinancialInstrumentsWhichAreNotMeasuredAtFairValueTable" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutComparisonBetweenCarryingAmountsAndFairValueOfFinancialInstrumentsWhichAreNotMeasuredAtFairValueTable" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CashAndDueFromBanksMember" xlink:label="loc_bap_CashAndDueFromBanksMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CashAndDueFromBanksMember" xml:lang="en-US">Cash and due from banks [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CashAndDueFromBanksMember" xlink:to="lab_bap_CashAndDueFromBanksMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CashCollateralReverseRepurchaseMember" xlink:label="loc_bap_CashCollateralReverseRepurchaseMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CashCollateralReverseRepurchaseMember" xml:lang="en-US">Cash collateral reverse repurchase [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CashCollateralReverseRepurchaseMember" xlink:to="lab_bap_CashCollateralReverseRepurchaseMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_HeldtomaturityInvestmentsMember" xlink:label="loc_bap_HeldtomaturityInvestmentsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_HeldtomaturityInvestmentsMember" xml:lang="en-US">Held-to-maturity investments [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_HeldtomaturityInvestmentsMember" xlink:to="lab_bap_HeldtomaturityInvestmentsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PremiumsAndOtherPoliciesReceivableMember" xlink:label="loc_bap_PremiumsAndOtherPoliciesReceivableMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PremiumsAndOtherPoliciesReceivableMember" xml:lang="en-US">Premiums and other policies receivable [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PremiumsAndOtherPoliciesReceivableMember" xlink:to="lab_bap_PremiumsAndOtherPoliciesReceivableMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_InvestmentsAtAmortizedCostMember" xlink:label="loc_bap_InvestmentsAtAmortizedCostMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_InvestmentsAtAmortizedCostMember" xml:lang="en-US">Investments at Amortized Cost [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_InvestmentsAtAmortizedCostMember" xlink:to="lab_bap_InvestmentsAtAmortizedCostMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DueFromCustomersOnAcceptancesMember" xlink:label="loc_bap_DueFromCustomersOnAcceptancesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DueFromCustomersOnAcceptancesMember" xml:lang="en-US">Due from Customers on Acceptances [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DueFromCustomersOnAcceptancesMember" xlink:to="lab_bap_DueFromCustomersOnAcceptancesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PayablesFromRepurchaseAgreementsMember" xlink:label="loc_bap_PayablesFromRepurchaseAgreementsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PayablesFromRepurchaseAgreementsMember" xml:lang="en-US">Payables from repurchase agreements [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PayablesFromRepurchaseAgreementsMember" xlink:to="lab_bap_PayablesFromRepurchaseAgreementsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DueToBanksAndCorrespondentsAndOtherEntitiesMember" xlink:label="loc_bap_DueToBanksAndCorrespondentsAndOtherEntitiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DueToBanksAndCorrespondentsAndOtherEntitiesMember" xml:lang="en-US">Due to Banks and correspondents and other entities [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DueToBanksAndCorrespondentsAndOtherEntitiesMember" xlink:to="lab_bap_DueToBanksAndCorrespondentsAndOtherEntitiesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BankAcceptancesLiabilitiesMember" xlink:label="loc_bap_BankAcceptancesLiabilitiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BankAcceptancesLiabilitiesMember" xml:lang="en-US">Bank acceptances liabilities [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BankAcceptancesLiabilitiesMember" xlink:to="lab_bap_BankAcceptancesLiabilitiesMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PayableToReinsurersAndCoinsurersMember" xlink:label="loc_bap_PayableToReinsurersAndCoinsurersMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PayableToReinsurersAndCoinsurersMember" xml:lang="en-US">Payable to reinsurers and coinsurers [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PayableToReinsurersAndCoinsurersMember" xlink:to="lab_bap_PayableToReinsurersAndCoinsurersMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BondAndNotesIssuedMember" xlink:label="loc_bap_BondAndNotesIssuedMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BondAndNotesIssuedMember" xml:lang="en-US">Bond and notes issued [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BondAndNotesIssuedMember" xlink:to="lab_bap_BondAndNotesIssuedMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_NotMeasuredAtFairValueMember" xlink:label="loc_bap_NotMeasuredAtFairValueMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_NotMeasuredAtFairValueMember" xml:lang="en-US">Not measured at fair value [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_NotMeasuredAtFairValueMember" xlink:to="lab_bap_NotMeasuredAtFairValueMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutComparisonBetweenCarryingAmountsAndFairValueOfFinancialInstrumentsWhichAreNotMeasuredAtFairValueLineItems" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutComparisonBetweenCarryingAmountsAndFairValueOfFinancialInstrumentsWhichAreNotMeasuredAtFairValueLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutComparisonBetweenCarryingAmountsAndFairValueOfFinancialInstrumentsWhichAreNotMeasuredAtFairValueLineItems" 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>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutComparisonBetweenCarryingAmountsAndFairValueOfFinancialInstrumentsWhichAreNotMeasuredAtFairValueLineItems" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutComparisonBetweenCarryingAmountsAndFairValueOfFinancialInstrumentsWhichAreNotMeasuredAtFairValueLineItems" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutAssignedValueOfFinancialAssetsAbstract" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutAssignedValueOfFinancialAssetsAbstract" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutAssignedValueOfFinancialAssetsAbstract" xml:lang="en-US">Disclosure of detailed information about assigned value of financial assets [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutAssignedValueOfFinancialAssetsAbstract" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutAssignedValueOfFinancialAssetsAbstract" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutAssignedValueOfFinancialAssetsTable" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutAssignedValueOfFinancialAssetsTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutAssignedValueOfFinancialAssetsTable" xml:lang="en-US">Disclosure of detailed information about assigned value of financial assets [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutAssignedValueOfFinancialAssetsTable" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutAssignedValueOfFinancialAssetsTable" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_PensionFundsMember" xlink:label="loc_bap_PensionFundsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_PensionFundsMember" xml:lang="en-US">Pension funds [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_PensionFundsMember" xlink:to="lab_bap_PensionFundsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_EquityManagedMember" xlink:label="loc_bap_EquityManagedMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_EquityManagedMember" xml:lang="en-US">Equity managed [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_EquityManagedMember" xlink:to="lab_bap_EquityManagedMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BankTrustsMember" xlink:label="loc_bap_BankTrustsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BankTrustsMember" xml:lang="en-US">Bank trusts [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BankTrustsMember" xlink:to="lab_bap_BankTrustsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_DisclosureOfDetailedInformationAboutAssignedValueOfFinancialAssetsLineItems" xlink:label="loc_bap_DisclosureOfDetailedInformationAboutAssignedValueOfFinancialAssetsLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_DisclosureOfDetailedInformationAboutAssignedValueOfFinancialAssetsLineItems" xml:lang="en-US">Disclosure of detailed information about assigned value of financial assets [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_DisclosureOfDetailedInformationAboutAssignedValueOfFinancialAssetsLineItems" xlink:to="lab_bap_DisclosureOfDetailedInformationAboutAssignedValueOfFinancialAssetsLineItems" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_AssignedValueOfFinancialAssets" xlink:label="loc_bap_AssignedValueOfFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_AssignedValueOfFinancialAssets" xml:lang="en-US">Assigned value of the financial assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_AssignedValueOfFinancialAssets" xlink:to="lab_bap_AssignedValueOfFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_AssignedValueOfFinancialAssets" xml:lang="en-US">The assigned value of financial assets under administration off the balance sheet.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_RenegotiatedCreditsMember" xlink:label="loc_bap_RenegotiatedCreditsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_RenegotiatedCreditsMember" xml:lang="en-US">Renegotiated Credits [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_RenegotiatedCreditsMember" xlink:to="lab_bap_RenegotiatedCreditsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_LoansToCommercialMember" xlink:label="loc_bap_LoansToCommercialMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_LoansToCommercialMember" xml:lang="en-US">Loans to commercial [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_LoansToCommercialMember" xlink:to="lab_bap_LoansToCommercialMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_RegulatoryCapitalRequirement" xlink:label="loc_bap_RegulatoryCapitalRequirement" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_RegulatoryCapitalRequirement" xml:lang="en-US">Regulatory capital requirement</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_RegulatoryCapitalRequirement" xlink:to="lab_bap_RegulatoryCapitalRequirement" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_RegulatoryCapitalRequirement" xml:lang="en-US">The amount of capital requirement necessiated to be maintained as per regulatory authority.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_RegulatoryCapitalExceedsMinimumRegulatoryCapitalRequired" xlink:label="loc_bap_RegulatoryCapitalExceedsMinimumRegulatoryCapitalRequired" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_RegulatoryCapitalExceedsMinimumRegulatoryCapitalRequired" xml:lang="en-US">Regulatory Capital Exceeds Minimum Regulatory Capital Required</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_RegulatoryCapitalExceedsMinimumRegulatoryCapitalRequired" xlink:to="lab_bap_RegulatoryCapitalExceedsMinimumRegulatoryCapitalRequired" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_RegulatoryCapitalExceedsMinimumRegulatoryCapitalRequired" xml:lang="en-US">The amount of regulatory capital exceeds the minimum regulatory capital required.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ChangesInFairValueOfFinancialAssetsAttributableToChangesInCreditRiskOfFinancialAssets" xlink:label="loc_ifrs-full_ChangesInFairValueOfFinancialAssetsAttributableToChangesInCreditRiskOfFinancialAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ChangesInFairValueOfFinancialAssetsAttributableToChangesInCreditRiskOfFinancialAssets" 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>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ChangesInFairValueOfFinancialAssetsAttributableToChangesInCreditRiskOfFinancialAssets" xlink:to="lab_ifrs-full_ChangesInFairValueOfFinancialAssetsAttributableToChangesInCreditRiskOfFinancialAssets" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ChangesInFairValueOfFinancialLiabilityAttributableToChangesInCreditRiskOfLiability" xlink:label="loc_ifrs-full_ChangesInFairValueOfFinancialLiabilityAttributableToChangesInCreditRiskOfLiability" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ChangesInFairValueOfFinancialLiabilityAttributableToChangesInCreditRiskOfLiability" xml:lang="en-US">Increase (decrease) in fair value of financial liability, attributable to changes in credit risk of liability</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ChangesInFairValueOfFinancialLiabilityAttributableToChangesInCreditRiskOfLiability" xlink:to="lab_ifrs-full_ChangesInFairValueOfFinancialLiabilityAttributableToChangesInCreditRiskOfLiability" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_NetImpactOfDebitValuationAndCreditValuationAdjustments" xlink:label="loc_bap_NetImpactOfDebitValuationAndCreditValuationAdjustments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_NetImpactOfDebitValuationAndCreditValuationAdjustments" xml:lang="en-US">Net impact of debit valuation and credit valuation adjustments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_NetImpactOfDebitValuationAndCreditValuationAdjustments" xlink:to="lab_bap_NetImpactOfDebitValuationAndCreditValuationAdjustments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_NetImpactOfDebitValuationAndCreditValuationAdjustments" xml:lang="en-US">The amount of net impact of debit valuation and credit valuation adjustments during the period.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_NetUnrealizedGainOfLevel3FinancialInstruments" xlink:label="loc_bap_NetUnrealizedGainOfLevel3FinancialInstruments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_NetUnrealizedGainOfLevel3FinancialInstruments" xml:lang="en-US">Net unrealized gain of Level 3 financial instruments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_NetUnrealizedGainOfLevel3FinancialInstruments" xlink:to="lab_bap_NetUnrealizedGainOfLevel3FinancialInstruments" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_NetUnrealizedGainOfLevel3FinancialInstruments" xml:lang="en-US">The amount net unrealized gain lo Level 3 financial instruments during the year.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClosingForeignExchangeRate" xlink:label="loc_ifrs-full_ClosingForeignExchangeRate" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ClosingForeignExchangeRate" xml:lang="en-US">Closing foreign exchange rate</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClosingForeignExchangeRate" xlink:to="lab_ifrs-full_ClosingForeignExchangeRate" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CommitmentsAndContingenciesTable" xlink:label="loc_bap_CommitmentsAndContingenciesTable" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CommitmentsAndContingenciesTable" xml:lang="en-US">Commitments and Contingencies [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CommitmentsAndContingenciesTable" xlink:to="lab_bap_CommitmentsAndContingenciesTable" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_MadoffTrusteeLitigationsMember" xlink:label="loc_bap_MadoffTrusteeLitigationsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_MadoffTrusteeLitigationsMember" xml:lang="en-US">Madoff Trustee Litigations [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_MadoffTrusteeLitigationsMember" xlink:to="lab_bap_MadoffTrusteeLitigationsMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_FairfieldLiquidatorLitigationMember" xlink:label="loc_bap_FairfieldLiquidatorLitigationMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_FairfieldLiquidatorLitigationMember" xml:lang="en-US">Fairfield Liquidator Litigation [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_FairfieldLiquidatorLitigationMember" xlink:to="lab_bap_FairfieldLiquidatorLitigationMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_CommitmentsAndContingenciesLineItems" xlink:label="loc_bap_CommitmentsAndContingenciesLineItems" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_CommitmentsAndContingenciesLineItems" xml:lang="en-US">Commitments and Contingencies [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_CommitmentsAndContingenciesLineItems" xlink:to="lab_bap_CommitmentsAndContingenciesLineItems" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_LossOnReinvestingInBlmsThroughAnotherVehicle" xlink:label="loc_bap_LossOnReinvestingInBlmsThroughAnotherVehicle" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_LossOnReinvestingInBlmsThroughAnotherVehicle" xml:lang="en-US">Loss On Reinvesting In BLMS Through Another Vehicle</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_LossOnReinvestingInBlmsThroughAnotherVehicle" xlink:to="lab_bap_LossOnReinvestingInBlmsThroughAnotherVehicle" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_LossOnReinvestingInBlmsThroughAnotherVehicle" xml:lang="en-US">The amount of loss for a reinvesting in BLMS through another vehicle.</label>
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_LitigationDamagesSoughtValue" xlink:label="loc_bap_LitigationDamagesSoughtValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_LitigationDamagesSoughtValue" xml:lang="en-US">Litigation Damages Sought Value</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_LitigationDamagesSoughtValue" xlink:to="lab_bap_LitigationDamagesSoughtValue" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bap_LitigationDamagesSoughtValue" xml:lang="en-US">The value (monetary amount) of the award the plaintiff seeks in the legal matter.</label>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BondsIssued" xlink:label="loc_ifrs-full_BondsIssued" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_BondsIssued" xml:lang="en-US">Bonds issued</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BondsIssued" xlink:to="lab_ifrs-full_BondsIssued" />
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ContingentConsiderationArrangementsAndIndemnificationAssetsRecognisedAsOfAcquisitionDate" xlink:label="loc_ifrs-full_ContingentConsiderationArrangementsAndIndemnificationAssetsRecognisedAsOfAcquisitionDate" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ifrs-full_ContingentConsiderationArrangementsAndIndemnificationAssetsRecognisedAsOfAcquisitionDate" xml:lang="en-US">Contingent consideration arrangements and indemnification assets recognised as of acquisition date</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ContingentConsiderationArrangementsAndIndemnificationAssetsRecognisedAsOfAcquisitionDate" xlink:to="lab_ifrs-full_ContingentConsiderationArrangementsAndIndemnificationAssetsRecognisedAsOfAcquisitionDate" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_EventsAfterReportingPeriodMember" xlink:label="loc_bap_EventsAfterReportingPeriodMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_EventsAfterReportingPeriodMember" xml:lang="en-US">Events After Reporting Period [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_EventsAfterReportingPeriodMember" xlink:to="lab_bap_EventsAfterReportingPeriodMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_UltraserfincoSAComisionistaDeBolsaMember" xlink:label="loc_bap_UltraserfincoSAComisionistaDeBolsaMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_UltraserfincoSAComisionistaDeBolsaMember" xml:lang="en-US">Ultraserfinco SA Comisionista de Bolsa [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bap_UltraserfincoSAComisionistaDeBolsaMember" xml:lang="en-US">Ultraserfinco S.A. Comisionista de Bolsa [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_UltraserfincoSAComisionistaDeBolsaMember" xlink:to="lab_bap_UltraserfincoSAComisionistaDeBolsaMember" />
<loc xlink:type="locator" xlink:href="bap-20181231.xsd#bap_BancoDeCreditoDelPeruSAMember" xlink:label="loc_bap_BancoDeCreditoDelPeruSAMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bap_BancoDeCreditoDelPeruSAMember" xml:lang="en-US">Banco de Credito del Peru SA [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bap_BancoDeCreditoDelPeruSAMember" xlink:to="lab_bap_BancoDeCreditoDelPeruSAMember" />
</labelLink>
</linkbase>
