Credicorp LTD - BAP STOCK NEWS

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.