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Credicorp LTD - BAP STOCK NEWS

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.

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Credicorp announces quiet period for 3Q23 earnings release
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Credicorp Ltd. announces the release of its 2Q23 Earnings Report on August 10th, 2023, followed by a webcast/conference call on August 11th, 2023. The call will feature key executives discussing the results. Participants are encouraged to pre-register for the webcast. The company also reminds shareholders of the availability of its 2022 Form 20-F on its website.
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Credicorp Ltd. reports first quarter 2023 financial and operating results with an ROE of 18.7%. Net income increased 18.1% YoY to S/1,384 million. Structural loans declined 0.7% QoQ. Total deposits increased 1.1% QoQ. Structural NPL ratio increased 17 bps QoQ to 5.12%. Structural provisions increased 1.3% QoQ. Core income declined 1.4% QoQ. Net interest income remained stable QoQ. Efficiency ratio improved 290 bps in the QoQ comparison and stood at 44.3%. CET1 ratio for BCP Stand-Alone was 11.9% at quarter-end. Yape continues to drive financial inclusion with 8.8 million monthly active users.
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Credicorp Ltd. (NYSE: BAP) announced that its 1Q23 Earnings Release Report will be available on May 5, 2023, after market close. A conference call will follow on May 8, 2023, at 10:30 am ET to discuss the results, hosted by key executives including Gianfranco Ferrari (CEO) and Cesar Rios (CFO). Interested participants can pre-register for the call using a provided link to gain immediate access, or dial in at the specified numbers. Additionally, the annual report on Form 20-F for the fiscal year ending on December 31, 2021 was filed with the Securities and Exchange Commission on April 30, 2022. This report includes audited financial statements under IFRS.

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Credicorp (NYSE: BAP) has filed its Annual Report on Form 20-F for the year ending December 31, 2022, with the Securities and Exchange Commission. This report includes audited consolidated financial statements for Credicorp and its subsidiaries for the years ended December 31, 2020, 2021, and 2022, adhering to International Financial Reporting Standards (IFRS).

The report is accessible for download via Credicorp’s website. Stakeholders can request a hard copy of the complete audited financial statements at no charge. Credicorp operates in four key areas: Universal Banking, Microfinance, Insurance & Pension Funds, and Investment Banking & Wealth Management, maintaining a strong presence in Peru, Chile, Colombia, and Bolivia.

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Credicorp Ltd. (NYSE: BAP) announced the commencement of its quiet period for the 1Q23 earnings release on April 24, 2023, which will end on May 5, 2023. During this period, the company will refrain from disclosing any financial information, commenting on results, or responding to related inquiries. This policy is in place to ensure fairness and prevent leaks of financial performance. Credicorp is a leading financial services holding company in Peru, also operating in Chile, Colombia, and Bolivia, with diverse business segments including Universal Banking, Microfinance, Insurance & Pension Funds, and Investment Banking & Wealth Management.

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Credicorp (NYSE: BAP) announced a hybrid Investor Day to be held on June 20, 2023, in New York City. The event aims to showcase the company's commitment to sustainable growth through innovation, talent, and sustainability. It will start at 8:30 am ET with breakfast, followed by presentations at 9:00 am and concluding by 12:00 pm.

Pre-registration is mandatory by June 12, 2023. Interested investors can register through www.credicorpday.com. Registered attendees will receive a confirmation along with more event details. An archived webcast and slide presentation will be available post-event.

Credicorp operates in Peru, Chile, Colombia, and Bolivia, and encompasses several business lines, including Universal Banking and Investment Banking.

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FAQ

What is the current stock price of Credicorp (BAP)?

The current stock price of Credicorp (BAP) is $182.13 as of December 20, 2024.

What is the market cap of Credicorp (BAP)?

The market cap of Credicorp (BAP) is approximately 14.3B.

What are the main business segments of Credicorp Ltd?

Credicorp Ltd operates in four main segments: Universal Banking, Insurance and Pensions, Microfinance, and Investment Management & Advisory.

Who are some of Credicorp Ltd's subsidiaries?

Credicorp Ltd's subsidiaries include Banco de Credito del Peru, Prima AFP, and Credicorp Capital.

What services does Banco de Credito del Peru offer?

Banco de Credito del Peru offers retail banking, corporate banking, and treasury services.

How does Prima AFP contribute to Credicorp Ltd's operations?

Prima AFP provides insurance and pension fund management services, managing some of the largest pension funds in Peru.

What role does microfinance play in Credicorp Ltd's business strategy?

Microfinance helps Credicorp Ltd support small and medium-sized enterprises (SMEs) by providing necessary credit to foster economic growth.

What type of services does Credicorp Capital offer?

Credicorp Capital offers investment banking services including asset management, brokerage, and financial advisory.

How does Credicorp Ltd engage with its investors?

Credicorp Ltd engages with investors through regular webcasts, presentations, and direct communication via its Investor Relations team.

Where can I find more information about Credicorp Ltd's upcoming events?

Information about upcoming events can be found on the official webcast registration page or by contacting the Investor Relations team.

What is the main focus of Credicorp Ltd's Universal Banking segment?

The main focus is providing a comprehensive range of financial products and services to both retail and corporate clients.

How can I contact Credicorp Ltd's Investor Relations team?

You can contact the Investor Relations team via email at investorrelations@credicorpperu.com.

Credicorp LTD

NYSE:BAP

BAP Rankings

BAP Stock Data

14.31B
66.61M
16.14%
79.2%
0.97%
Banks - Regional
Financial Services
Link
United States of America
Lima