Yes. Your Credicorp statement is a true record of the activity on your company's facility for the period it covers, generated directly from the account. It is suitable for your bookkeeping, your statutory accounts, and audit purposes.
What makes it reliable
- It is produced from the same underlying account data as every figure we hold.
- The opening and closing positions chain to the neighbouring statements, so the record is continuous.
- Descriptions are in plain English, so an auditor can follow the activity without internal codes.
What it does not do
A statement records what has already happened on the account. It is not a quotation, a settlement letter, or a forecast. If you need a figure to clear the facility on a particular day, that is a settlement figure and is provided separately, because it is calculated to a specific date.
The regulatory position
Credicorp is an exempt business lender, lending only to UK limited companies and LLPs for business purposes. Your facility sits outside the consumer credit regime, which means protections designed for personal borrowing, such as the Financial Ombudsman Service and FSCS, do not apply. That does not change the accuracy or usefulness of your statement as a business record, it simply reflects that this is commercial lending to your company.
See also: How to read your statement of account, Can I use my statement for VAT and Corporation Tax?, What is a year-end summary document for?.