Credicorp Ltd.: Credicorp Declares S/40.00 per Share Cash Dividend for Fiscal Year 2024
Rhea-AI Summary
Credicorp (NYSE: BAP), Peru's leading financial services holding company, has announced a cash dividend of S/40.00 per share, totaling S/3.78 billion. The dividend declaration follows the company's strong performance, with total net income of S/5.50 billion for fiscal year 2024.
The dividend will be paid on June 13, 2025, to shareholders of record on May 19, 2025, without withholding tax. Payment will be made in US Dollars using the weighted exchange rate published by the Peruvian Superintendency of Banks on June 11, 2025.
CEO Gianfranco Ferrari highlighted that the dividend reflects record 2024 results and demonstrates the strength of Credicorp's diversified business model in generating sustainable earnings across cycles.
Positive
- Record net income of S/5.50 billion in 2024
- Substantial dividend payout of S/3.78 billion
- Strong performance demonstrating sustainable earnings generation
Negative
- None.
News Market Reaction
On the day this news was published, BAP gained 0.93%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Lima, April 24, 2025 (GLOBE NEWSWIRE) -- Lima, Peru, April 24, 2025 — Credicorp Ltd. (NYSE: BAP | BVL: BAP), the leading financial services holding company in Peru with a diversified presence in Chile, Colombia, Bolivia and Panama, announced today that its Board of Directors declared a cash dividend of S/40.00 per share for a total of S/3,775,292,680.00 in line with the Company’s Bye-Laws and taking into account the total net income attained in the 2024 financial year of S/5,501,254,379.37. The cash dividend will be paid out on June 13, 2025, without withholding tax at source, to shareholders of record on May 19, 2025.
Gianfranco Ferrari, CEO of Credicorp, commented: “This dividend reflects the record results we achieved in 2024, the strength of our diversified business model and its ability to generate sustainable earnings across cycles. We remain committed to our vision of generating the right impact on society, while driving disruption and innovation across our businesses to shape the future of financial services in the region.”
The cash dividend will be paid in US Dollars using the weighted exchange rate published by the Peruvian Superintendency of Banks, Insurance and Pension Funds (Superintendencia de Banca, Seguros y AFP) for transactions at the close of business on June 11, 2025. The US Dollar dividend amount will be rounded up to four decimal places.
About Credicorp
Credicorp Ltd. (NYSE: BAP) is the leading financial services holding company in Peru, with a diversified business portfolio organized into four primary lines of business: Universal Banking, through Banco de Crédito del Perú (BCP) and Banco de Crédito de Bolivia; Microfinance, through Mibanco in Peru and Colombia; Insurance and Pension Funds, through Grupo Pacifico and Prima AFP; and Investment Management and Advisory, through Credicorp Capital and ASB Bank Corp. Credicorp has a presence in Peru, Chile, Colombia, Bolivia, and Panama.
For further information, please contact the IR team:
investorrelations@credicorpperu.com
Investor Relations
Credicorp Ltd.
FAQ
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