Credicorp (NYSE: BAP) wins SBS approval to acquire Helm Bank USA

Rhea-AI Filing Summary

Credicorp Ltd. reports a key regulatory milestone for its planned acquisition of Helm Bank USA. On May 5, 2026, the Peruvian Superintendence of Banking, Insurance and Private Pension Fund Administrators authorized subsidiary Banco de Crédito del Perú to acquire 100% of the shares of Helm Bank USA.

The acquisition will be executed through two new subsidiaries, Orange Perú Holding S.A. and Orange Financial Holding Inc., created solely to implement the transaction and hold the Helm Bank shares. Completion remains conditional on regulatory approvals in the United States from the Florida Office of Financial Regulation and the Federal Reserve System, along with other customary closing conditions.

Insights

LatAm banking and regulatory analyst

Credicorp advances Helm Bank USA deal with Peruvian approval, pending U.S. regulators.

Credicorp Ltd. has secured authorization from Peru’s banking regulator (SBS) for Banco de Crédito del Perú to acquire 100% of Helm Bank USA. The use of newly created Orange-branded holding entities ring-fences the investment and simplifies ownership of the U.S. bank.

The transaction is not yet closed. It still depends on approvals from the Florida Office of Financial Regulation and the Federal Reserve System, plus other customary conditions. Until those steps are completed, Helm Bank USA remains outside Credicorp’s group.

This move signals an intention to expand BCP’s presence in the U.S. banking market, but timing and final structure will be shaped by U.S. regulatory review. Subsequent company communications may clarify financial terms, integration plans, and the expected impact on Credicorp’s business mix once approvals are obtained.

Key Figures

Acquisition stake: 100% of Helm Bank USA shares

1 metrics

Acquisition stake 100% of Helm Bank USA shares Authorization granted by SBS on May 5, 2026

Key Terms

Material Event, Superintendence of Banking, Insurance and Private Pension Fund Administrators, Florida Office of Financial Regulation, Federal Reserve System

4 terms

Material Event regulatory

"Credicorp Ltd. (‘Credicorp’) hereby notifies you, as a Material Event, that on May 5, 2026..."

Superintendence of Banking, Insurance and Private Pension Fund Administrators regulatory

"the Peruvian Superintendence of Banking, Insurance and Private Pension Fund Administrators (SBS) notified our subsidiary..."

Florida Office of Financial Regulation regulatory

"subject to obtaining the required regulatory approvals in the United States from the Florida Office of Financial Regulation (OFR)..."

A state government agency that oversees banks, credit unions, insurance, securities dealers and other financial services operating in Florida; it enforces licensing, consumer protection rules and safety standards to reduce fraud and financial instability. For investors, its actions—such as licensing decisions, enforcement actions or rule changes—affect which firms can operate, the safety of customer funds and the regulatory risk that can influence company valuations, similar to a referee keeping a game fair and orderly.

Federal Reserve System regulatory

"required regulatory approvals in the United States from the Florida Office of Financial Regulation (OFR) and the Federal Reserve System (FED)..."

The Federal Reserve System is the United States' central banking network that acts like a bank for banks and a thermostat for the economy: it sets short-term interest rates, supplies or withdraws money, and oversees financial stability. Investors watch its decisions because changes in interest rates and liquidity affect borrowing costs, company profits, bond yields and overall market sentiment—similar to how a building's thermostat influences comfort and energy use.

Form 6-K: How Foreign Companies Report to the SEC →

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 May 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☐

May 5, 2026

Securities and Exchange Commission - SEC

Re.: MATERIAL EVENT

Dear Sirs:

As a follow‑up to the information disclosed in the Form 6-K furnished to the SEC on December 29, 2025, Credicorp Ltd. (‘Credicorp’) hereby notifies you, as a Material Event, that on May 5, 2026, the Peruvian Superintendence of Banking, Insurance and Private Pension Fund Administrators (SBS) notified our subsidiary Banco de Crédito del Perú (BCP) of the granting of authorization for the acquisition of 100% of the shares of Helm Bank USA (“Helm Bank”), through two subsidiaries—Orange Perú Holding S.A. and Orange Financial Holding Inc.—which will be incorporated for the sole purpose of implementing the acquisition and holding such shares.

The completion of the transaction is subject to obtaining the required regulatory approvals in the United States from the Florida Office of Financial Regulation (OFR) and the Federal Reserve System (FED), as well as the fulfillment of other customary closing conditions.

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: May 5, 2026

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

FAQ

What material event did Credicorp (BAP) report regarding Helm Bank USA?

Credicorp reported that Peru’s banking regulator authorized subsidiary Banco de Crédito del Perú to acquire 100% of Helm Bank USA. The deal will be implemented through two new holding entities created specifically to complete the acquisition and hold the U.S. bank’s shares.

Which regulator approved Credicorp’s planned acquisition of Helm Bank USA?

The Peruvian Superintendence of Banking, Insurance and Private Pension Fund Administrators (SBS) granted authorization for Banco de Crédito del Perú to acquire 100% of Helm Bank USA. This Peruvian approval is a key step but does not by itself complete the cross-border transaction.

Is Credicorp’s acquisition of Helm Bank USA already completed?

No, the acquisition is not yet completed. While Peruvian regulator SBS has authorized the deal, completion still depends on regulatory approvals in the United States from the Florida Office of Financial Regulation and the Federal Reserve System, plus other customary closing conditions.

Which U.S. approvals are still required for Credicorp (BAP) to acquire Helm Bank USA?

The transaction requires regulatory approvals in the United States from the Florida Office of Financial Regulation and the Federal Reserve System. In addition to these approvals, the closing is contingent on fulfillment of other customary conditions typically associated with bank acquisitions.

How will Credicorp structure the acquisition of Helm Bank USA?

The acquisition will be carried out through two subsidiaries, Orange Perú Holding S.A. and Orange Financial Holding Inc. These entities will be incorporated solely to implement the acquisition and to hold 100% of the shares of Helm Bank USA once the transaction closes.

Which Credicorp subsidiary is leading the Helm Bank USA acquisition?

Banco de Crédito del Perú, Credicorp’s banking subsidiary, is leading the acquisition of Helm Bank USA. The SBS authorization was specifically granted to Banco de Crédito del Perú, which will use two newly created holding entities to own Helm Bank’s shares after completion.