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.
Credicorp Ltd. (NYSE: BAP) has appointed Gianfranco Ferrari as its new CEO, effective January 2022. Ferrari, currently Deputy CEO and Head of Universal Banking, will succeed Walter Bayly, who is retiring after 28 years with the company. The Board also accepted the resignation of Alvaro Correa, Deputy CEO overseeing various sectors for the past 3 years. Diego Cavero has been appointed as the Head of Universal Banking, succeeding Ferrari at BCP. Additionally, a new COO position has been created, to be held by Alejandro Perez-Reyes, overseeing critical corporate functions.
Credicorp Ltd. (NYSE: BAP) has filed its Annual Report on Form 20-F for the year ending December 31, 2020, with the SEC. The report includes audited consolidated financial statements for 2019 and 2020, as well as revenue figures for 2018, 2019, and 2020, compliant with International Financial Reporting Standards (IFRS). The reports can be accessed via the company’s website. Credicorp operates multiple financial services in Peru, Chile, Colombia, and Bolivia across four business lines: Universal Banking, Microfinance, Insurance & Pension Funds, and Investment Banking & Wealth Management.
Credicorp Ltd. (NYSE: BAP) will release its 1Q21 Earnings Report on May 6, 2021, after market close. A conference call to discuss the earnings will be held on May 7, 2021, at 10:30 AM EST. Key executives, including CEO Walter Bayly and CFO Cesar Rios, will present the results. Interested parties can access the call via the provided dial-in numbers or through a live webcast on the company’s website. In addition, Credicorp filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2019, on April 30, 2020, available on its site.
Credicorp (NYSE: BAP) announced the initiation of a quiet period for its 1Q21 earnings release starting April 22, 2021, and ending on May 06, 2021. This decision aligns with corporate disclosure policies aimed at preventing financial information leaks and ensuring fairness. During this quiet period, the company will refrain from providing financial information, commenting on results, or addressing related inquiries. Credicorp operates across various sectors, including Universal Banking, Microfinance, Insurance & Pension Funds, and Investment Banking.
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.
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