The closing balance is the number most directors look at first, and rightly so — it is what the company owed on the facility at the end of the statement period. Everything else on the statement explains how it got there.
What it is
The closing balance is the opening balance plus the period's charges minus the period's payments. It becomes the opening balance of the next statement, which is how consecutive periods tie together. See opening and closing balance defined and what the opening balance means.
What it is not
It is not the amount to settle the facility — that is a separate settlement figure that includes interest to the day you pay. See why the settlement figure differs from the balance.
Using it
The closing balance is the figure your bookkeeper posts as the outstanding liability, and the one a third party wants to see. See using statements for management accounts and proving your loan balance.
Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.
See also: Opening and closing balance (definition), Statement balance vs settlement figure, Reading the running balance.