Credicorp Ltd., a financial services holding company, provides various financial, insurance, and health services and products primarily in Peru and internationally. The company's Universal Banking segment offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities. Its Insurance and Pensions segment issues insurance policies to cover losses in commercial property, transportation, marine vessels, automobile, life, health, and pensions, as well as provides private pension fund management services. The company's Microfinance segment manages loans, credits, deposits, and current accounts of the small and microenterprises. Its Investment Banking and Wealth Management segment offers its services to corporations, institutional investors, governments, and foundations; engages in structuring and placement of issues in the primary market, as well as the execution and negotiation of operations in the secondary market; and structures securitization processes for corporate customers and manages mutual funds. The company was founded in 1889 and is headquartered in Lima, Peru.
IPO Year:
Exchange: NYSE
Website: grupocredicorp.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
12/15/2023 | $162.00 → $190.00 | Neutral → Overweight | JP Morgan |
10/16/2023 | $161.19 | Buy | Jefferies |
7/7/2023 | $207.00 | Sector Perform → Sector Outperform | Scotiabank |
1/3/2023 | $156.00 | Market Perform → Outperform | Itau BBA |
12/14/2022 | $142.00 | Outperform | Credit Suisse |
10/4/2022 | $128.05 → $161.00 | Neutral → Buy | Citigroup |
7/19/2022 | $142.00 | Neutral → Outperform | Credit Suisse |
8/27/2021 | $137.00 → $130.00 | Hold → Buy | HSBC |
8/11/2021 | $119.00 | Underweight → Neutral | JP Morgan |
6-K - CREDICORP LTD (0001001290) (Filer)
6-K - CREDICORP LTD (0001001290) (Filer)
6-K - CREDICORP LTD (0001001290) (Filer)
6-K - CREDICORP LTD (0001001290) (Filer)
6-K - CREDICORP LTD (0001001290) (Filer)
6-K - CREDICORP LTD (0001001290) (Filer)
6-K - CREDICORP LTD (0001001290) (Filer)
6-K - CREDICORP LTD (0001001290) (Filer)
6-K - CREDICORP LTD (0001001290) (Filer)
6-K - CREDICORP LTD (0001001290) (Filer)
Lima, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Lima, PERU, December 21, 2023 -- Credicorp Ltd. ("Credicorp" or the "Company") (NYSE:BAP, BVL: BAP))), the leading financial services holding company in Peru with a presence in Chile, Colombia, Bolivia and Panama today announced senior leadership changes to underscore the Company's commitment to strengthening its market-leading organization, serving its customers and driving sustainable growth. The Board of Directors appointed at its meeting held today, Cesar Ríos Briceño as Chief Risk Officer (CRO) of Credicorp and BCP and Alejandro Pérez-Reyes Zarak as Chief Financial Officer (CFO) of Credicorp and BCP. In addition, André Rezende, Chief Technolog
Lima, March 28, 2023 (GLOBE NEWSWIRE) -- Credicorp announces the appointment of Nuria Aliño Pérez and Pedro Rubio Feijóo to the Company's Board of Directors. Credicorp's shareholders provided strong support for each of the Company's proposals at the Company's 2023 Annual General Shareholders Meeting on March 27th, including the appointment of the new Board of Directors, which will hold office for the period 2023-2026. The new board members Nuria Aliño Pérez and Pedro Rubio Feijóo succeed Fernando Fort and Irzio Pinasco, both of whom decided to retire. Credicorp is deeply grateful for the time and energy Fernando Fort and Irzio Pinasco have dedicated to Credicorp through invaluable professi
Lima, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Lima, PERU, January 27th, 2022 – Credicorp Ltd. announces that the Board of Directors, in its session held on January 27th, 2022, appointed Francesca Raffo as Chief Innovation Officer of Credicorp, effective February 1st, 2022. This position, which was recently created, will ensure that all LOBs are aligned with Credicorp's strategy to act as force of disruption and innovation in the financial services industry. With its new governance structure, the company intends to strengthen its capabilities to incubate new business models that are close to its core at each LOB Innovation Center while pursuing external innovation opportunities through its Cor
Lima, Dec. 18, 2020 (GLOBE NEWSWIRE) -- Lima, PERU, December 18th, 2020 – On December 17th 2020, the Board of Directors of Credicorp approved an initiative to broaden the scope of the Corporate Governance Committee and to change its name to “Sustainability Committee”. The Board also appointed Leslie Pierce as new member of the renamed Committee. In February this year, Credicorp announced a series of initiatives to bolster corporate governance to drive long-term stakeholder value and demonstrate leadership in corporate governance. In June this year, after the Annual General Shareholders Meeting elected new Board members, the Board redefined the Committees’ composition and appointed Maite
Lima, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Lima, PERU, October 25th, 2024 – Credicorp Ltd. announces to its shareholders and the market that its 3Q24 Earnings Release Report will be released on Thursday, November 7th, 2024, after market close. Credicorp's Webcast / Conference Call to discuss such results; will be held on Friday, November 8th, 2024, at 9:30 a.m. ET (9:30 a.m. Lima, Peru time). The call will be hosted by: Gianfranco Ferrari – Chief Executive Officer, - Alejandro Perez Reyes - Chief Financial Officer, Francesca Raffo – Chief Innovation Officer, Cesar Rios - Chief Risk Officer, Diego Cavero – Head of Universal Banking, Cesar Rivera - Head of Insurance and Pensions, Carlos
Lima, Aug. 29, 2024 (GLOBE NEWSWIRE) -- LIMA, Peru August 29, 2024 – Credicorp Ltd. ("Credicorp" or the "Company") (NYSE:BAP, BVL: BAP))), the leading financial services holding company in Peru with a presence in Chile, Colombia, Bolivia and Panama, announced today that its Board of Directors unanimously agreed to declare a special cash dividend of S/11.0000 per share for a total of S/1,038,205,487.00 in line with the Company´s Bye-Laws. Gianfranco Ferrari, Chief Executive Officer of Credicorp, stated, "This special dividend highlights the strength of our balance sheet and the significant strides in our strategic initiatives. We are advancing on investing in innovation and digital capabil
Lima, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Lima, PERU, August 13, 2024 – Credicorp Ltd. ("Credicorp" or "the Company") (NYSE:BAP, BVL: BAP))) announces to its shareholders and the market, corrections to four ratios published in its 2Q24 Earnings Materials. These amendments are attributable to miscalculations on certain accumulated performance indicators. Below is a table including the reported and corrected indicators, presented on the Company´s 2Q24 Earnings Release. Performance IndicatorOriginally Reported FigureCorrected FigureLocation in Earnings Release1H24 ROE17.2%17.6%Pages 3 and 111H24 Funding cost3.16%2.90%Page 111H24 Operating expenses / Total average assets7.4%3.7%Page 111H23
Lima, July 26, 2024 (GLOBE NEWSWIRE) -- Lima, PERU, July 26th, 2024 – Credicorp Ltd. announces to its shareholders and the market that its 2Q24 Earnings Release Report will be released on Thursday, August 8th, 2024, after market close. Credicorp's Webcast / Conference Call to discuss such results; will be held on Friday, August 9th, 2024, at 10:30 a.m. ET (9:30 a.m. Lima, Peru time). The call will be hosted by: Gianfranco Ferrari – Chief Executive Officer, - Alejandro Perez Reyes - Chief Financial Officer, Francesca Raffo – Chief Innovation Officer, Cesar Rios - Chief Risk Officer, Cesar Rivera - Head of Insurance and Pensions, Carlos Sotelo - Mibanco CFO and Investor Relations Team. W
Lima, April 26, 2024 (GLOBE NEWSWIRE) -- Lima, PERU, April 26th, 2024 – Credicorp Ltd. announces to its shareholders and the market that its 1Q24 Earnings Release Report will be released on Thursday, May 9th, 2024, after market close. Credicorp's Webcast / Conference Call to discuss such results; will be held on Friday, May 10th, 2024, at 10:30 a.m. ET (9:30 a.m. Lima, Peru time). The call will be hosted by: Gianfranco Ferrari – Chief Executive Officer, Cesar Rios - Chief Financial Officer, Francesca Raffo – Chief Innovation Officer, Reynaldo Llosa - Chief Risk Officer, Diego Cavero – Head of Universal Banking, Cesar Rivera - Head of Insurance and Pensions, Carlos Sotelo - Mibanco CFO a
Lima, April 25, 2024 (GLOBE NEWSWIRE) -- Lima, PERU, April 25th, 2024 -- Credicorp Ltd. ("Credicorp" or the "Company") (NYSE:BAP, BVL: BAP))), the leading financial services holding company in Peru with presence in Chile, Colombia, Bolivia and Panama today announces to its shareholders and the market that the Board of Directors declared a dividend of S/35.0 per share on the issued shares of the common stock of Credicorp, an increase from the prior annual dividend of S/25.0 per share. The cash dividend will be paid out on June 14th, 2024, without withholding tax at source, to shareholders of record on May 20th, 2024. "Dividends continue to be an integral part of our approach to shareholde
Lima, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Lima, PERU, January 26th, 2024 – Credicorp Ltd. announces to its shareholders and the market that its 4Q23 Earnings Release Report will be released on Thursday, February 8th, 2024, after market close. Credicorp's Webcast / Conference Call to discuss such results; will be held on Friday, February 9th, 2024, at 9:30 a.m. ET (9:30 a.m. Lima, Peru time). The call will be hosted by Gianfranco Ferrari – Chief Executive Officer, Cesar Rios - Chief Financial Officer, Francesca Raffo – Chief Innovation Officer, Reynaldo Llosa - Chief Risk Officer, Diego Cavero – Head of Universal Banking, Cesar Rivera - Head of Insurance and Pensions, Carlos Sotelo - Miban
Lima, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Lima, PERU, December 6th, 2023 – Credicorp Ltd. announces to its shareholders and the market the schedule defined for the issuing of 2024 Quarterly Earnings Releases. This schedule is published on Credicorp's website: Link (under the section Investors / Financials / Conference Calls in Upcoming Events). Any changes to this schedule will be communicated through a new Press Release. 1Q24 Earnings ReleaseDate for the issuing of the Earnings Release Report: Thursday, May 9th, 2024 2Q24 Earnings ReleaseDate for the issuing of the Earnings Release Report: Thursday, August 8th, 2024 3Q24 Earnings ReleaseDate for the issuing of the Earnings Rel
Lima, Oct. 20, 2023 (GLOBE NEWSWIRE) -- Lima, PERU, October 20th, 2023 – Credicorp Ltd. announces to its shareholders and the market that its 3Q23 Earnings Release Report will be released on Thursday, November 2nd, 2023, after market close. Credicorp's Webcast / Conference Call to discuss such results; will be held on Friday, November 3rd, 2023, at 10:30 a.m. ET (9:30 a.m. Lima, Peru time). The call will be hosted by Cesar Rios - Chief Financial Officer, Francesca Raffo – Chief Innovation Officer, Reynaldo Llosa - Chief Risk Officer, Diego Cavero – Head of Universal Banking, Cesar Rivera - Head of Insurance and Pensions, Carlos Sotelo - Mibanco CFO and Investor Relations Team. We enc
Lima, July 27, 2023 (GLOBE NEWSWIRE) -- Lima, PERU, July 27th, 2023 – Credicorp Ltd. announces to its shareholders and the market that its 2Q23 Earnings Release Report will be released on Thursday August 10th, 2023, after market close. Credicorp's Webcast / Conference Call to discuss such results, will be held on Friday August 11th, 2023, at 10:30 am ET (9:30 am Lima, Peru time). The call will be host by Gianfranco Ferrari – Chief Executive Officer, Cesar Rios - Chief Financial Officer, Francesca Raffo – Chief Innovation Officer, Reynaldo Llosa - Chief Risk Officer, Diego Cavero – Head of Universal Banking, Cesar Rivera - Head of Insurance and Pensions, Carlos Sotelo - Mibanco CFO and I
Lima, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Lima, PERU, November 1st, 2024 – Credicorp Ltd. ("Credicorp") (NYSE:BAP, BVL: BAP)), the leading financial services holding company in Peru with a presence in Chile, Colombia, Bolivia, and Panama, announced today that it has reached an agreement to acquire Empresas Banmédica ("Banmedica")'s 50% interest in the joint venture executed in December 2014 between Pacífico Compañía de Seguros y Reaseguros S.A. ("Pacifico Seguros") and Banmedica. Closing is subject to regulatory approvals and other customary closing conditions. In December 2014, Pacifico Seguros and Banmedica established a joint venture to participate as equal partners in the private medica
Lima, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Lima, PERU, October 25th, 2024 – Credicorp Ltd. announces to its shareholders and the market that its 3Q24 Earnings Release Report will be released on Thursday, November 7th, 2024, after market close. Credicorp's Webcast / Conference Call to discuss such results; will be held on Friday, November 8th, 2024, at 9:30 a.m. ET (9:30 a.m. Lima, Peru time). The call will be hosted by: Gianfranco Ferrari – Chief Executive Officer, - Alejandro Perez Reyes - Chief Financial Officer, Francesca Raffo – Chief Innovation Officer, Cesar Rios - Chief Risk Officer, Diego Cavero – Head of Universal Banking, Cesar Rivera - Head of Insurance and Pensions, Carlos
Lima, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Lima, PERU, October, Thursday 17th, 2024 -- Credicorp (NYSE:BAP) announces that in accordance with its corporate disclosure policies and to prevent any leaks of financial results and ensure fairness, the Company will start the quiet period for 3Q24's earnings release on October 24th. This period will end on the date of the release, November 7th. During the quiet period, the Company will not disclose any financial information, comment on financial results, or respond to related questions. About Credicorp Credicorp Ltd. (NYSE:BAP) is the leading financial services holding company in Peru with presence in Chile, Colombia, and Bolivia. Credicorp has
Lima, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Lima, PERU, September 26, 2024 -- Credicorp Ltd. today hosted its 2024 Strategic Update during which senior management outlined how the Company is powering sustainable growth through innovation, its goals and disciplined approach to digital disruption initiatives and the milestones achieved. Management also discussed the pipeline of future projects and how initiatives are serving to decouple its results from macroeconomic trends. Key highlights from the event include a reaffirmation of Credicorp's commitment to innovation and self-disruption, market expansion, and shareholder value creation summarized below: Backed by strong performance across most
Lima, Aug. 29, 2024 (GLOBE NEWSWIRE) -- LIMA, Peru August 29, 2024 – Credicorp Ltd. ("Credicorp" or the "Company") (NYSE:BAP, BVL: BAP))), the leading financial services holding company in Peru with a presence in Chile, Colombia, Bolivia and Panama, announced today that its Board of Directors unanimously agreed to declare a special cash dividend of S/11.0000 per share for a total of S/1,038,205,487.00 in line with the Company´s Bye-Laws. Gianfranco Ferrari, Chief Executive Officer of Credicorp, stated, "This special dividend highlights the strength of our balance sheet and the significant strides in our strategic initiatives. We are advancing on investing in innovation and digital capabil
Lima, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Lima, PERU, August 13, 2024 – Credicorp Ltd. ("Credicorp" or "the Company") (NYSE:BAP, BVL: BAP))) announces to its shareholders and the market, corrections to four ratios published in its 2Q24 Earnings Materials. These amendments are attributable to miscalculations on certain accumulated performance indicators. Below is a table including the reported and corrected indicators, presented on the Company´s 2Q24 Earnings Release. Performance IndicatorOriginally Reported FigureCorrected FigureLocation in Earnings Release1H24 ROE17.2%17.6%Pages 3 and 111H24 Funding cost3.16%2.90%Page 111H24 Operating expenses / Total average assets7.4%3.7%Page 111H23
Lima, July 26, 2024 (GLOBE NEWSWIRE) -- Lima, PERU, July 26th, 2024 – Credicorp Ltd. announces to its shareholders and the market that its 2Q24 Earnings Release Report will be released on Thursday, August 8th, 2024, after market close. Credicorp's Webcast / Conference Call to discuss such results; will be held on Friday, August 9th, 2024, at 10:30 a.m. ET (9:30 a.m. Lima, Peru time). The call will be hosted by: Gianfranco Ferrari – Chief Executive Officer, - Alejandro Perez Reyes - Chief Financial Officer, Francesca Raffo – Chief Innovation Officer, Cesar Rios - Chief Risk Officer, Cesar Rivera - Head of Insurance and Pensions, Carlos Sotelo - Mibanco CFO and Investor Relations Team. W
Lima, July 18, 2024 (GLOBE NEWSWIRE) -- Lima, PERU, July 18th, 2024 -- Credicorp (NYSE:BAP) announces that in accordance with its corporate disclosure policies and to prevent any leaks of financial results and ensure fairness, the Company will start the quiet period for 2Q24's earnings release on July 25th. This period will end on the date of the release, August 8th. During the quiet period, the Company will not disclose any financial information, comment on financial results, or respond to related questions. About Credicorp Credicorp Ltd. (NYSE:BAP) is the leading financial services holding company in Peru with presence in Chile, Colombia, and Bolivia. Credicorp has a diversified busi
Lima, July 17, 2024 (GLOBE NEWSWIRE) -- Lima, PERU, July 17th, 2024 -- Credicorp (NYSE:BAP, BVL: BAP))), the leading financial services holding company in Peru with a presence in Chile, Colombia, Bolivia, and Panama announces its upcoming Strategic Update 2024, scheduled for Thursday, September 26th, 2024, in Lima, Peru. At this event, members of the Credicorp management team will present an update on its innovation strategy and disruption initiatives. The event will focus on the company´s disciplined governance for allocating resources to innovation as it builds new capabilities to further reinforce long-term sustainable growth. Management will also discuss key success stories and how th
Lima, April 26, 2024 (GLOBE NEWSWIRE) -- Lima, PERU, April 26th, 2024 – Credicorp Ltd. announces to its shareholders and the market that its 1Q24 Earnings Release Report will be released on Thursday, May 9th, 2024, after market close. Credicorp's Webcast / Conference Call to discuss such results; will be held on Friday, May 10th, 2024, at 10:30 a.m. ET (9:30 a.m. Lima, Peru time). The call will be hosted by: Gianfranco Ferrari – Chief Executive Officer, Cesar Rios - Chief Financial Officer, Francesca Raffo – Chief Innovation Officer, Reynaldo Llosa - Chief Risk Officer, Diego Cavero – Head of Universal Banking, Cesar Rivera - Head of Insurance and Pensions, Carlos Sotelo - Mibanco CFO a
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JP Morgan upgraded Credicorp LTD from Neutral to Overweight and set a new price target of $190.00 from $162.00 previously
Jefferies initiated coverage of Credicorp LTD with a rating of Buy and set a new price target of $161.20
Scotiabank upgraded Credicorp LTD from Sector Perform to Sector Outperform and set a new price target of $207.00
Itau BBA upgraded Credicorp LTD from Market Perform to Outperform and set a new price target of $156.00
Credit Suisse resumed coverage of Credicorp LTD with a rating of Outperform and set a new price target of $142.00
Citigroup upgraded Credicorp LTD from Neutral to Buy and set a new price target of $161.00 from $128.05 previously
Credit Suisse upgraded Credicorp LTD from Neutral to Outperform and set a new price target of $142.00
HSBC upgraded Credicorp from Hold to Buy and set a new price target of $130.00 from $137.00 previously
JP Morgan upgraded Credicorp LTD from Underweight to Neutral and set a new price target of $119.00
Citigroup downgraded Credicorp LTD from Neutral to Sell and set a new price target of $114.00 from $65.00 previously
JP Morgan analyst Yuri Fernandes maintains Credicorp (NYSE:BAP) with a Overweight and raises the price target from $190 to $194.
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Credicorp (NYSE:BAP) is set to give its latest quarterly earnings report on Thursday, 2024-02-08. Here's what investors need to know before the announcement. Analysts estimate that Credicorp will report an earnings per share (EPS) of $2.72. Credicorp bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company beat EPS by $0.03, which was followed by a 5.39% drop in the share price the next
UBS analyst Thiago Batista maintains Credicorp (NYSE:BAP) with a Buy and lowers the price target from $192 to $190.
Credicorp Ltd. ("Credicorp" or the "Company") (NYSE:BAP, BVL: BAP))))), the leading financial services holding company in Peru with a presence in Chile, Colombia, Bolivia and Panama today announced senior leadership changes to underscore the Company's commitment to strengthening its market-leading organization, serving its customers and driving sustainable growth. The Board of Directors appointed at its meeting held today, Cesar Ríos Briceño as Chief Risk Officer (CRO) of Credicorp and BCP and Alejandro Pérez-Reyes Zarak as Chief Financial Officer (CFO) of Credicorp and BCP. In addition, André Rezende, Chief Technology Officer (CTO) will now report to the Chief Executive Officer. To facili
JP Morgan upgraded its rating of Credicorp (NYSE:BAP) to Overweight with a price target of $190.00, changing its price target from $162.00 to $190.00. Shares of Credicorp are trading up 3.61% over the last 24 hours, at $145.39 per share. A move to $190.00 would account for a 30.68% increase from the current share price. About Credicorp Credicorp Ltd is a financial services company in Peru. The company is involved mainly in commercial banking, providing trade finance, corporate finance, and leasing services. It also offers insurance for commercial property, transportation, automobile, life, health, and investment banking services: brokerage services, asset management, trust, custody and secur
JP Morgan analyst Yuri Fernandes upgrades Credicorp (NYSE:BAP) from Neutral to Overweight and raises the price target from $162 to $190.