Credicorp (BAP) sets new dividend policy targeting at least 25% of net profit

Rhea-AI Filing Summary

Credicorp Ltd. has approved an updated dividend policy that targets annual cash dividends of at least 25% of the company’s consolidated net profit, based on its latest audited financial statements. The Board will consider factors it deems relevant when deciding the actual dividend.

Under Bermudan law, dividends can only be declared if Credicorp can pay its obligations as they fall due and if the realizable value of its assets is not less than the sum of its liabilities, issued capital stock and capital premium accounts. If these conditions are not satisfied, the Board may decide to pay a lower percentage than 25%.

The policy expects dividends to be paid once a year, within ninety calendar days after the Board meeting that approves them, and explicitly states that no interim dividends will be paid. The revised policy becomes effective thirty calendar days after its approval and will remain in force until changed or discontinued by the Board of Directors.

Insights

Dividend policy and capital management analyst

Credicorp formalizes a minimum 25% payout target, subject to Bermudan solvency rules.

The updated policy from Credicorp Ltd. sets a clear framework: annual cash dividends are intended to be no less than 25% of consolidated net profit, using the latest audited figures as the basis. This increases transparency around how profits may be shared with shareholders.

However, the policy is explicitly constrained by Bermudan law solvency and balance sheet tests. If Credicorp cannot meet those conditions, the Board may pay a lower percentage, preserving flexibility to prioritize financial soundness when necessary.

The commitment to one dividend payment per year, within ninety days of the approving Board meeting, and the exclusion of interim dividends, clarify timing expectations. The policy becomes effective thirty days after approval, so subsequent audited results and Board decisions will determine how this framework is applied in practice.

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 under the

Securities Exchange Act of 1934

For the month of February 2026

Commission File Number: 001-14014

CREDICORP LTD.

(Translation of registrant’s name into English)

Of our subsidiary

Banco de Credito del Peru:

Calle Centenario 156

La Molina 15026

Lima, Peru (Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

February 26, 2026

Securities and Exchange Commission - SEC

Re.: MATERIAL EVENT

Dear Sirs:

Credicorp Ltd. (‘Credicorp’) hereby notifies you as a Material Event that, the Board of Directors of Credicorp Ltd. (‘Credicorp’), at its meeting held on February 26, 2026, has resolved to amend Credicorp’s Dividend Policy. The new text of the Dividend Policy is set forth below:

"The purpose of the Company’s dividend policy is to declare and pay cash dividends in an amount of no less than 25 % of the Company’s consolidated net profit pursuant to its latest audited financial statements.

When making the decision to distribute dividends, the Company’s Board of Directors shall take the following under consideration:

• For there to be dividends from the Company’s subsidiaries.

• For the declaration and payment of dividends not to cause the Company to breach applicable legislation or adversely impact the equity growth of the Company or its subsidiaries.

• The financial performance of the Company.

• The general business and the economic and financial conditions of the Company.

• The regulatory requirements for consolidated solvency.

• Any other factors which the Board of Directors may consider relevant.

Notwithstanding the foregoing, in accordance with Bermudan law, dividends may only be declared and paid if the Company is able (i) to pay its obligations upon maturity, and (ii) the realizable value of its assets is not less than the added value of its liabilities, its capital stock issued, and its capital premium accounts.

The Board of Directors may determine at its sole discretion to declare and pay a percentage of less than 25 %, if one of the above conditions is not met.

Subject to the above, it is expected for dividend payment to be made once a year, within ninety calendar days following the Board of Directors’ meeting resolving their declaration and payment.

No dividends shall be paid on account.

This dividend policy shall become effective thirty calendar days following the date of its approval, until it is modified or discontinued by the Board of Directors”.

The information in this Form 6-K (including any exhibit hereto) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the ‘Exchange Act’) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act.

Sincerely,

/s/ Guillermo Morales

Authorized Representative

Credicorp Ltd.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: February 26, 2026

	CREDICORP LTD. (Registrant)
	By:	/s/ Guillermo Morales
		Guillermo Morales
		Authorized Representative

FAQ

What change did Credicorp Ltd. (BAP) make to its dividend policy?

Credicorp Ltd. revised its dividend policy to target annual cash dividends of at least 25% of consolidated net profit, based on the latest audited financial statements. The Board of Directors will still exercise judgment, subject to Bermudan legal requirements on solvency and asset coverage.

How much of its profits does Credicorp Ltd. (BAP) aim to distribute as dividends?

Credicorp’s stated objective is to declare and pay cash dividends of no less than 25% of its consolidated net profit. This percentage is calculated using the company’s latest audited financial statements, and may be reduced if Bermudan law solvency and asset tests are not satisfied.

How often will Credicorp Ltd. (BAP) pay dividends under the new policy?

Under the revised policy, Credicorp expects to pay dividends once per year. Payment is anticipated within ninety calendar days following the Board of Directors’ meeting that approves the dividend, and the company clearly states that no dividends will be paid on account as interim payments.

What legal conditions under Bermudan law affect Credicorp Ltd.’s (BAP) dividends?

Bermudan law allows dividends only if Credicorp can pay its obligations as they mature and the realizable value of its assets is at least equal to its liabilities, issued capital stock, and capital premium accounts. If these conditions are not met, the Board may approve a dividend below 25% of net profit.

When does Credicorp Ltd.’s (BAP) amended dividend policy become effective?

The amended dividend policy becomes effective thirty calendar days after the date of its approval by the Board of Directors. Once effective, it will remain in place until the Board decides to modify it again or formally discontinue the policy through a new resolution.

Does Credicorp Ltd. (BAP) allow interim or advance dividend payments?

Credicorp’s updated policy expressly states that no dividends shall be paid on account, meaning interim or advance dividends are not contemplated. Instead, the company intends to make a single annual dividend payment following the Board meeting that declares and approves the distribution.