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.
Lima, Peru, January 13, 2022 – Banco de Credito del Peru (BCP) has launched a Sustainability Financing Framework aimed at financing green and social projects. On January 12, S&P Global Ratings awarded a "strong" rating to this framework, making BCP the first bank in Latin America to achieve this recognition. The framework supports projects in renewable energy, green buildings, and social initiatives, enhancing BCP's commitment to ESG standards. The proceeds will fund both new and ongoing projects focusing on sustainable development and empowerment.
Credicorp Ltd. announced on December 23, 2021, new appointments to its Board Committees, aiming to enhance diversity and inclusivity in line with ESG goals.
Patricia Lizarraga Guthertz joined the Risk Committee, while Maria Teresa Aranzábal Harreguy joined the Remuneration and Nominations Committee. Both bring valuable experience from their roles in Credicorp and its subsidiaries.
The Board also outlined plans for dividend declarations, expected after shareholder meetings in April, and emphasized prudent capital management for potential more frequent distributions.
Credicorp Ltd. announced its 2022 Quarterly Earnings Release schedule, with key dates set for May 5, August 11, November 3, and February 9, 2023. This information is available on their website under Investors / Financials / Conference Calls. The company emphasizes that details for the conference call will be provided 15 days prior to each earnings release. Credicorp, listed on NYSE as BAP, is Peru's leading financial services holding company, with operations in Chile, Colombia, and Bolivia, encompassing various sectors including Universal Banking, Microfinance, and Investment Banking.
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.
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