Credicorp Ltd., Peru's largest financial services holding company, is mainly engaged in commercial banking (including trade finance and leasing), capital market activities (including corporate finance, brokerage services, asset management, and trust, custody and proprietary trading and investment) and insurance (including commercial property, transportation and marine hull, automobile, life, health and pension fund underwriting insurance). The company's principal operating subsidiaries include local bank Banco de Crédito del Perú S.A., private sector pension fund manager Prima AFP S.A., investment bank Credicorp Capital Perú S.A.A. and Panama-based bank Atlantic Security Bank. Credicorp was founded in 1995 and is based in Lima. In 2014, Credicorp merged its healthcare operations in the country with those of Chilean health insurer Banmédica S.A. The two companies are jointly developing their healthcare businesses in Peru.