U.S. Markets open in 9 hrs 21 mins

Credicorp Ltd.: Credicorp finalized the reorganization of its subsidiaries in Peru

Lima, May 07, 2019 (GLOBE NEWSWIRE) -- Lima, PERU, May 7th, 2019 – Today, Credicorp Ltd. transferred, through the Bolsa de Valores de Lima, 83,839,991 shares of Banco de Credito del Peru ("BCP") representing 0.9559% of BCP’s share capital, which have been acquired by its subsidiary Grupo Credito S.A. (“Grupo Credito”). The amount paid per share was S/ 6.10.

With this transfer the share reorganization process approved by the Peruvian Superintendencia de Banca, Seguros y AFP ("SBS") through Resolution SBS N.° 1718-2018, which authorized Grupo Credito to acquire up to 3.73% of the capital stock of BCP, is completed.
It should be noted that this transfer does not entail any change in the control of BCP, since Credicorp, through its subsidiary Grupo Credito, continues to hold the ownership of 97.69% of BCP's shares.


About Credicorp

Credicorp Ltd. (BAP) is the leading financial services holding company in Peru with presence in Chile, Colombia and Bolivia. Credicorp has a diversified business portfolio organized into four lines of business: Universal Banking, through Banco de Credito del Peru - BCP and Banco de Credito de Bolivia; Microfinance, through Mibanco and Encumbra; Insurance & Pension Funds, through Grupo Pacifico and Prima AFP; and Investment Banking & Wealth Management, through Credicorp Capital, Wealth Management at BCP and Atlantic Security Bank.


For further information please contact the IR team:

Investorrelations@credicorpperu.com

Investor Relations
Credicorp Ltd.