Credicorp Ltd Stock Price, News & Analysis

Credicorp Ltd. announces its 3Q21 Earnings Release report on November 4, 2021, after market close. A webcast conference call will follow on November 5, 2021, at 10:30 am EST to discuss the results. Key executives, including CEO Walter Bayly and CFO Cesar Rios, will host the call. Shareholders can pre-register to access the call directly or dial in without pre-registration. The archived webcast will be available for one year on the investor relations website. Additionally, Credicorp filed its 2020 Annual Report with audited financials on April 30, 2021.

Credicorp (NYSE: BAP) announces the commencement of its quiet period for the third quarter earnings release, starting on October 21 and concluding on November 4. To maintain fairness and prevent leaks, the company will not disclose financial information or respond to related inquiries during this time. Credicorp is a leading financial services holding company in Peru, with operations in Chile, Colombia, and Bolivia, covering areas such as Universal Banking, Microfinance, Insurance, and Investment Banking.

Credicorp, a prominent financial holding company in Peru, has pledged to achieve carbon neutrality by 2032. This encompasses reducing and offsetting all direct emissions from its subsidiaries. The company, which employs over 36,000 individuals and serves millions, has already cut its carbon footprint by over 50% in the past three years. Notably, Pacifico Seguros and Prima AFP have previously attained carbon neutral status. Credicorp's sustainability commitment aligns with creating a sustainable economy, showcasing its dedication to improving eco-efficiency across its operations.

Credicorp Ltd. has announced a cash dividend distribution of S/471,911,585.00, or S/5.0000 per share, for shareholders holding a total of 94,382,317 outstanding shares. This decision comes after a reported net income of S/346,894,407.43 for 2020. The dividend will be paid on October 7th, 2021, to shareholders on record as of September 15th, 2021, without withholding tax at source. Payments will be made in US Dollars, with the exchange rate determined as of October 5th, 2021.

Credicorp Ltd. (NYSE: BAP) announced that its 2Q21 Earnings Release Report will be published on August 12, 2021, after market close. A webcast conference call to discuss these results is scheduled for August 13, 2021, at 10:30 am EST. Interested participants are encouraged to pre-register for the event. The company also highlighted that the 2020 Annual Report (Form 20-F) was filed on April 30, 2021, providing audited financial statements and can be accessed via its website.

Brazil's economic recovery accelerates alongside vaccination efforts, presenting solid investment opportunities across asset classes including Sovereign, Fixed Income, and Equities. The local market transformation has seen participation swell from 500,000 to 4 million since 2018, driven by lower interest rates and reduced investment barriers. Increased foreign interest and a surge in IPOs signal a favorable environment for equities. However, challenges exist for Brazilian sovereign and corporate bonds amidst rising volatility in the Andean region. Credicorp Ltd., the parent company, boasts a market cap of USD 20.12 billion.

Credicorp (NYSE: BAP) announced the initiation of a quiet period ahead of its 2Q21 earnings release.

This quiet period starts on July 27 and ends on the release date, August 12. During this timeframe, the company will refrain from disclosing financial information or responding to related inquiries to ensure fairness and avoid leaks.

Credicorp is a leading financial services holding company in Peru, with operations also in Chile, Colombia, and Bolivia, offering diverse services across various lines of business.

Credicorp Ltd. (NYSE: BAP) has appointed Gianfranco Ferrari as its new CEO, effective January 2022. Ferrari, currently Deputy CEO and Head of Universal Banking, will succeed Walter Bayly, who is retiring after 28 years with the company. The Board also accepted the resignation of Alvaro Correa, Deputy CEO overseeing various sectors for the past 3 years. Diego Cavero has been appointed as the Head of Universal Banking, succeeding Ferrari at BCP. Additionally, a new COO position has been created, to be held by Alejandro Perez-Reyes, overseeing critical corporate functions.

Credicorp Ltd. (NYSE: BAP) has filed its Annual Report on Form 20-F for the year ending December 31, 2020, with the SEC. The report includes audited consolidated financial statements for 2019 and 2020, as well as revenue figures for 2018, 2019, and 2020, compliant with International Financial Reporting Standards (IFRS). The reports can be accessed via the company’s website. Credicorp operates multiple financial services in Peru, Chile, Colombia, and Bolivia across four business lines: Universal Banking, Microfinance, Insurance & Pension Funds, and Investment Banking & Wealth Management.