Credicorp

Credicorp Ltd.: Credicorp Publishes Inaugural Task Force on Climate-Related Financial Disclosures (TCFD) Report

Retrieved on: 
Thursday, December 14, 2023
Credicorp, BAP, Disclosure, Knowledge, TCFD, Task force, CDP, Renewable energy

LIma, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Lima, PERU, December 14, 2023 - Credicorp Ltd. (“Credicorp” or the “Company”) (NYSE: BAP | BVL: BAP), the leading financial services holding company in Peru with a presence in Chile, Colombia, Bolivia and Panama announced that it has published its first report aligned with the Task Force on Climate-Related Financial Disclosures (TCFD) recommendations, which were recently incorporated into the International Sustainability Standards Board Standards.

Key Points: 
  • LIma, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Lima, PERU, December 14, 2023 - Credicorp Ltd. (“Credicorp” or the “Company”) (NYSE: BAP | BVL: BAP), the leading financial services holding company in Peru with a presence in Chile, Colombia, Bolivia and Panama announced that it has published its first report aligned with the Task Force on Climate-Related Financial Disclosures (TCFD) recommendations, which were recently incorporated into the International Sustainability Standards Board Standards.
  • In this report, the Company describes the steps taken as of June 2023 to implement its environmental strategy at the corporate level and within its subsidiaries.
  • The report covers the management of climate change-related issues in areas such as corporate governance, business strategy, operations, risks, metrics, and aspirations among its companies.
  • The TCFD report complements Credicorp’s Annual and Sustainability Report , submissions to CDP, and other environmental, social, and governance-related disclosures.

AM Best Affirms Credit Ratings of Pacífico Compañía de Seguros y Reaseguros S.A.

Retrieved on: 
Friday, December 15, 2023
Professional Services, Insurance, Finance, NYSE, ERM, Credit, BAP, USD, AM Best, Health, COVID-19, PCS, News, ALL, Credicorp, Life

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Pacífico Compañía de Seguros y Reaseguros S.A. (PCS) (Lima, Perú).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Pacífico Compañía de Seguros y Reaseguros S.A. (PCS) (Lima, Perú).
  • The outlook of these Credit Ratings (ratings) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Credicorp Ltd.: Credicorp’s “3Q23 quiet period”

Retrieved on: 
Thursday, October 12, 2023
Comment, NYSE, BAP, Hunting, Credicorp

Lima, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Lima, PERU, October 12th, 2023 -- Credicorp (NYSE: BAP) announces that in accordance with its corporate disclosure policies and to prevent any leaks of financial results and ensure fairness, the Company will start the quiet period for 3Q23’s earnings release on October 19th.

Key Points: 
  • Lima, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Lima, PERU, October 12th, 2023 -- Credicorp (NYSE: BAP) announces that in accordance with its corporate disclosure policies and to prevent any leaks of financial results and ensure fairness, the Company will start the quiet period for 3Q23’s earnings release on October 19th.
  • This period will end on the date of the release, November 3rd.
  • During the quiet period, the Company will not disclose any financial information, comment on financial results, or respond to related questions.

Big Name VCs Back Startup to Solve a Multi-Billion Dollar Banking Problem

Retrieved on: 
Wednesday, September 13, 2023
CNHI, Lehmann, Zurich Insurance Group, JPMorgan Chase, S&P Global, Business, Investment, BNY Mellon, Omnichannel, Economist, Fintech, N26, Citigroup, Name, Beto Sicupira, CRMS, Summit Bank, Mastercard, Growth, LTS, Barclays, Security (finance), Financial services, Cryptocurrency, Ferrari, Rock (geology), Credicorp, Walmart, N5

BUENOS AIRES, Argentina, Sept. 13, 2023 /PRNewswire/ -- Fintech startup, N5 has secured the backing of a number of high profile investors, on the strength of its potential to save financial institutions billions of dollars a year.

Key Points: 
  • U.S. financial institutions lose an estimated $272B each year through inefficiency and missed opportunities resulting from fragmented and siloed technologies and processes, perpetuated and exacerbated by 'software entropy'.
  • N5 was founded by experts from the banking sector specifically to solve that problem, and is already doing so with customers in other parts of the world.
  • This helps financial institutions 'join the dots' and so improve productivity, the customer experience and cost-effectiveness.
  • The company plans to make a high profile appointment to lead North American operations, as well as fill a further 800 roles globally.

Credicorp Ltd.: Credicorp’s “2Q23 quiet period”

Retrieved on: 
Wednesday, July 19, 2023
BAP, NYSE, Comment, Airline, Credicorp

Lima, July 19, 2023 (GLOBE NEWSWIRE) -- Lima, PERU, July 19th, 2023 -- Credicorp (NYSE: BAP) announces that in accordance with its corporate disclosure policies and to prevent any leaks of financial results and ensure fairness, the Company will start the quiet period for 2Q23’s earnings release on July 26th.

Key Points: 
  • Lima, July 19, 2023 (GLOBE NEWSWIRE) -- Lima, PERU, July 19th, 2023 -- Credicorp (NYSE: BAP) announces that in accordance with its corporate disclosure policies and to prevent any leaks of financial results and ensure fairness, the Company will start the quiet period for 2Q23’s earnings release on July 26th.
  • This period will end on the date of the release, August 10th.
  • During the quiet period, the Company will not disclose any financial, comment on financial results, or respond to related questions.

Credicorp Ltd.: Credicorp Ltd. Reports First Quarter 2023 Financial and Operating Results

Retrieved on: 
Saturday, May 6, 2023
Insurance, Net interest margin, Availability, Risk, MAU, International, NII, Sustainability reporting, Efficiency ratio, Woman, Public sector banks in India, BCP, USD, Basel, Wholesale banking, NYSE, P&L, BAP, Credicorp, Credit card, GDP, Retail banking, International Financial Reporting Standards, LCR, Financial result, Consumer, Yoy, ESG, Growth, Consolidated, Earnings, Environment, Quarter, Structure, Cryptocurrency, Bank, Renewable energy

Lima, May 05, 2023 (GLOBE NEWSWIRE) -- Credicorp Ltd. Reports First Quarter 2023 Financial and Operating Results

Key Points: 
  • Lima, May 05, 2023 (GLOBE NEWSWIRE) -- Credicorp Ltd. Reports First Quarter 2023 Financial and Operating Results
    Lima, Peru – May 5, 2023 – Credicorp Ltd. (“Credicorp” or “the Company”) (NYSE: BAP | BVL: BAP), the leading financial services holding company in Peru with a presence in Chile, Colombia, Bolivia and Panama today reported its unaudited results for the quarter ended March 31, 2023.
  • Financial results are expressed in Soles and are presented in accordance with International Financial Reporting Standards (IFRS).
  • Net Income attributable to Credicorp increased 18.1% YoY to stand at S/1,384 million, driven by an improvement in performance in Universal Banking and strong results in the Insurance business.
  • ROAE rose to 18.7% in the quarter, up from 17.0% in 1Q22 and seasonally higher than the 15.3% reported in 4Q22.

Credicorp Ltd.: Announces Change to Date for Determining USD Exchange Rate of S/ 25.0000 per Share Dividend

Retrieved on: 
Friday, May 5, 2023
Credicorp, Superintendencia Financiera de Colombia, Holding company, Insurance

All other terms and conditions of the dividend distribution remain unchanged.

Key Points: 
  • All other terms and conditions of the dividend distribution remain unchanged.
  • On April 27th, 2023, the Board of Directors of the Company approved the distribution of dividends in accordance with the Bye-Laws of the Company, and in consideration of a total net income of S/ 4,633,095,839 achieved in the 2022 fiscal year.
  • The Board agreed unanimously to pay its shareholders a cash dividend of S/ 2,359,557,925, for a total of 94,382,317 outstanding shares, which is equivalent to S/ 25.0000 per share.
  • The cash dividend shall be paid out on June 9th, 2023, without withholding tax at source, to shareholders of record on May 19th, 2023.

Credicorp Ltd.: Credicorp Announces New Board Committees Composition and Declaration of Dividends

Retrieved on: 
Friday, April 28, 2023
Vice, Dirección General de Seguros y Fondos de Pensiones, Head, Boston University, Economics, Banco de Crédito del Perú, Superintendencia Financiera de Colombia, Female, Holding company, Insurance, Credicorp

Credicorp’s new Board of Directors, as per the Bye-laws of the company, appointed Mr. Luis Enrique Romero Belismelis as Chairman of the Board and Mr. Raimundo Morales Dasso as Vice Chairman of the Board.

Key Points: 
  • Credicorp’s new Board of Directors, as per the Bye-laws of the company, appointed Mr. Luis Enrique Romero Belismelis as Chairman of the Board and Mr. Raimundo Morales Dasso as Vice Chairman of the Board.
  • Mr. Luis Enrique Romero has been a Director of Credicorp Ltd. since 2017 and of Banco de Credito del Peru since 2009.
  • He is also a member of the Board of Pacifico Cia.
  • On April 27th, the Board of Credicorp, defined the Board Committees composition as follows:
    Credicorp recently announced the election of its new Board of Directors.

Credicorp Ltd.: Credicorp’s “1Q23 quiet period”

Retrieved on: 
Monday, April 17, 2023
BAP, NYSE, Comment, Financial adviser, Credicorp

Lima, April 17, 2023 (GLOBE NEWSWIRE) -- Lima, PERU, April 17th, 2023 -- Credicorp (NYSE: BAP) announces that in accordance with its corporate disclosure policies and to prevent any leaks of financial results and ensure fairness, the Company will start the quiet period for 1Q23’s earnings release on April 24th.

Key Points: 
  • Lima, April 17, 2023 (GLOBE NEWSWIRE) -- Lima, PERU, April 17th, 2023 -- Credicorp (NYSE: BAP) announces that in accordance with its corporate disclosure policies and to prevent any leaks of financial results and ensure fairness, the Company will start the quiet period for 1Q23’s earnings release on April 24th.
  • This period will end on the date of the release, May 5th.
  • During the quiet period, the Company will not disclose any financial, comment on financial results, or respond to related questions.

Credicorp Ltd.: Credicorp to host hybrid Investor Day on June 20 in New York

Retrieved on: 
Wednesday, April 12, 2023
Breakfast, Webcast, Growth, BAP, NYSE, Nightclub, Credicorp

Lima, April 12, 2023 (GLOBE NEWSWIRE) -- Lima, PERU, April 12, 2023 -- Credicorp (NYSE: BAP), today announced that it will host a hybrid Investor Day on Tuesday, June 20, 2023, in New York City.

Key Points: 
  • Lima, April 12, 2023 (GLOBE NEWSWIRE) -- Lima, PERU, April 12, 2023 -- Credicorp (NYSE: BAP), today announced that it will host a hybrid Investor Day on Tuesday, June 20, 2023, in New York City.
  • Credicorp management team members participating in the event will discuss how the Group is powering sustainable growth through its consistent focus on innovation, talent and sustainability.
  • The event will begin at 8:30 am ET with breakfast, followed by presentations starting at 9:00 am and concluding by 12:00 pm.
  • The Investor Day is open to the investment community and pre-registration is required by Monday, June 12, 2023.