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 – On October 16, 2020, Leslie Pierce was elected as the 9th member of Credicorp's Board of Directors during a Special General Meeting of Shareholders. This follows the approval to increase the Board size from 8 to 9 on June 5, 2020. With nearly 40 years of experience, including CEO of Alicorp, Pierce brings extensive leadership expertise. His appointment aligns with Credicorp's strategy to enhance diversity and independence within the Board, with 5 out of 9 members now being independent directors.
Credicorp (NYSE: BAP) has announced the commencement of its quiet period ahead of the 3Q20 earnings release, effective from October 22, 2020. This quiet period will last until the earnings release date, which is scheduled for November 05. During this time, the company will refrain from disclosing any financial information or responding to inquiries regarding financial results to maintain fairness and prevent leaks.
LIMA, Peru--Latin America's investment landscape has evolved, showcasing diverse financial markets and rising domestic consumption. Credicorp Capital highlights the investment theme termed The Great Catch Up, where local companies emulate global success strategies. Mercado Libre, valued at $60 billion, leads regional growth. E-commerce in Latin America is set for rapid expansion, bolstered by increased smartphone usage, now projected at 80% by 2025. Over $10 billion has been raised by key e-commerce players for enhancements in delivery and fintech services, indicating strong future adoption.
Credicorp Ltd. has announced the candidacy of Leslie Pierce for election as the 9th director at a Special General Meeting on October 16, 2020. This follows a board expansion approved earlier this year. Pierce, with nearly 40 years of leadership experience in Peru, previously served as CEO of Alicorp and held various significant positions in business and government. His expertise in consumer-facing businesses is expected to enhance board decision-making. If elected, four of the nine directors will be independent, marking a step towards improved corporate governance.
Credicorp Ltd. (BAP) will release its 2Q20 Earnings Report on August 6, 2020, after market close. A conference call to discuss the results is scheduled for August 7, 2020, at 10:30 am EST. Key executives, including CEO Walter Bayly, will participate. This call can be accessed by dialing 1 877 271 1828 (U.S.) or 1 334 323 9871 (International), with a participant code of 643525. Additionally, the 2019 Annual Report was filed on April 30, 2020, and is available for download on Credicorp's website.
Credicorp (NYSE: BAP) announces the initiation of a quiet period from July 23 to August 6, 2020, prior to its 2Q20 earnings release. This decision aligns with corporate disclosure policies to ensure fairness and prevent leaks of financial results. During this period, the company will refrain from disclosing any financial information or responding to inquiries related to its financial results. Credicorp is a leading financial services holding company in Peru, with diversified operations in universal banking, microfinance, insurance, and investment banking.
Credicorp has announced the initiation of the process to elect a new ninth member to its Board of Directors following approval from shareholders. This comes after the recent amendment to the company’s bye-laws, allowing expansion from 8 to 9 members. Shareholders can propose candidates until July 15. The selection guidelines for the new nominee were established by the Compensation and Nominations Committee on June 25. Credicorp's latest Board is noted for being more independent and diverse.
Credicorp Ltd. (NYSE: BAP) has priced its public offering of USD 500 million in 2.750% notes due 2025. The notes offer an effective yield of 2.867%, reflecting a spread of 250 basis points above the benchmark US Treasury yield. This strategic move aims to enhance the company's liquidity and financial flexibility, allowing for potential investments and operational improvements.
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