Welcome to our dedicated page for Credicorp news (Ticker: BAP), a resource for investors and traders seeking the latest updates and insights on Credicorp stock.
Credicorp Ltd is a leading financial services company based in Peru, operating primarily in four main business segments: Universal Banking, Insurance and Pensions, Microfinance, and Investment Management & Advisory. As a major player in the financial sector, Credicorp Ltd aims to foster economic growth in the region through its diversified services and robust business model.
Universal Banking: Credicorp's most significant subsidiary, Banco de Credito del Peru (BCP), is a cornerstone of the company's operations. BCP offers a comprehensive range of financial products and services including retail banking, corporate banking, and treasury services. With a vast network of branches and ATMs, BCP serves millions of customers nationwide.
Insurance and Pensions: Through its subsidiary Prima AFP, Credicorp provides insurance and pension fund management services. Prima AFP is one of the largest pension fund administrators in Peru, ensuring financial security and stability for its clients through well-managed pension schemes.
Microfinance: Credicorp also addresses the financial needs of small and medium-sized enterprises (SMEs) through its microfinance services. By extending credit to underserved communities, Credicorp helps promote entrepreneurship and economic development at the grassroots level.
Investment Management & Advisory: With Credicorp Capital, the company offers investment banking services such as asset management, brokerage, and financial advisory. Credicorp Capital supports both individual and institutional investors in making informed investment decisions to maximize returns.
Recent Achievements and Updates: Credicorp Ltd continues to be at the forefront of financial innovation and customer service excellence. Recently, the company announced a series of webcast presentations to provide stakeholders with updates on financial performance and strategic initiatives. These webcasts are open to both national and international participants, ensuring transparency and engagement with the global investment community.
For more information about upcoming events and investor relations, please visit the official webcast registration page or contact the Investor Relations team at investorrelations@credicorpperu.com.
On February 25, 2021, Credicorp (NYSE: BAP) announced the postponement of its dividend decision for the financial year 2020. This move comes amidst ongoing uncertainties related to the pandemic, despite signs of economic recovery in its operating countries. The Board emphasized that future decisions on dividends will be contingent on the company's solvency, liquidity, and growth prospects, as well as the ongoing vaccination rollout and easing of lockdowns. Credicorp's capital ratios remain strong and above internal minimums as it aims to enhance its capital base.
Credicorp Ltd. has announced that its 4Q20 Earnings Release Report will be available on February 08, 2021, after market close. A conference call to discuss these results is scheduled for February 09, 2021, at 9:30 am EST. Key executives will lead the discussion, including CEO Walter Bayly and CFO Cesar Rios. The call will also be accessible via a live webcast. Additionally, Credicorp reminds shareholders about the filing of its Annual Report on Form 20-F for the year ended December 31, 2019, which includes audited financial statements.
Credicorp (NYSE: BAP) announces the start of its quiet period for the 4Q20 earnings release, effective January 25, 2021. This period will last until February 08, 2021, when the official results will be disclosed. During the quiet period, the company will not comment on financial results or respond to inquiries related to them. Credicorp is Peru's leading financial services holding company with operations in Chile, Colombia, and Bolivia, offering services in banking, microfinance, insurance, and investment banking.
Credicorp Ltd. has announced its 2021 Quarterly Earnings Release schedule, which will be available on its website. Key dates include:
1Q21: May 6, 2021
2Q21: August 12, 2021
3Q21: November 4, 2021
4Q21: February 7, 2022. The company also notes that details of the Conference Call will be provided 15 days prior to each Earnings Release, with timings available between 5:00 pm and 8:00 pm Lima time.
Credicorp is a leading financial services holding company in Peru, also operating in Chile, Colombia, and Bolivia.
Credicorp Ltd. announces its 3Q20 Earnings Release Report scheduled for November 5, 2020, after market close. A conference call to discuss the results will take place on November 6, 2020, at 9:30 am EST. The call will feature key executives including CEO Walter Bayly and CFO Cesar Rios. Interested parties can dial in or access a live webcast via the company's website. Additionally, the firm has filed its Annual Report on Form 20-F for FY 2019 with the SEC, available for download on its website.
Lima, Peru – On October 16, 2020, Leslie Pierce was elected as the 9th member of Credicorp's Board of Directors during a Special General Meeting of Shareholders. This follows the approval to increase the Board size from 8 to 9 on June 5, 2020. With nearly 40 years of experience, including CEO of Alicorp, Pierce brings extensive leadership expertise. His appointment aligns with Credicorp's strategy to enhance diversity and independence within the Board, with 5 out of 9 members now being independent directors.
Credicorp (NYSE: BAP) has announced the commencement of its quiet period ahead of the 3Q20 earnings release, effective from October 22, 2020. This quiet period will last until the earnings release date, which is scheduled for November 05. During this time, the company will refrain from disclosing any financial information or responding to inquiries regarding financial results to maintain fairness and prevent leaks.
LIMA, Peru--Latin America's investment landscape has evolved, showcasing diverse financial markets and rising domestic consumption. Credicorp Capital highlights the investment theme termed The Great Catch Up, where local companies emulate global success strategies. Mercado Libre, valued at $60 billion, leads regional growth. E-commerce in Latin America is set for rapid expansion, bolstered by increased smartphone usage, now projected at 80% by 2025. Over $10 billion has been raised by key e-commerce players for enhancements in delivery and fintech services, indicating strong future adoption.
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