Credicorp Ltd. Announces Cash Dividend for 2024 Fiscal Year

Credicorp Ltd. Declares a Significant Cash Dividend

Credicorp Ltd. (NYSE: BAP) stands as the leading financial services holding company in Peru, boasting diverse operations across various countries, including Chile, Colombia, Bolivia, and Panama. Recently, the company announced an impressive cash dividend of S/40.00 per share, amounting to a total of S/3,775,292,680.00. This declaration aligns with Credicorp’s Bye-Laws and reflects the solid net income achieved during the 2024 financial year, reaching S/5,501,254,379.37.

Details of the Cash Dividend Distribution

The anticipated cash dividend is set to be distributed on June 13, 2025. Importantly, this payment will occur without withholding tax at the source, benefiting shareholders of record as of May 19, 2025. Credicorp has assured that shareholders can expect their dividends to be converted to US Dollars based on the weighted exchange rate as published by the Peruvian Superintendency of Banks, Insurance, and Pension Funds just before the payment date.

Insights from Leadership

Gianfranco Ferrari, CEO of Credicorp, expressed his enthusiasm regarding the dividend declaration. He stated, “This dividend reflects the record results we achieved in 2024, showcasing the resilience and diversified nature of our business model. Our commitment is to ensure we generate positive impacts on society while continuously driving innovation within our sector.”

Understanding Credicorp’s Business Operations

Credicorp operates with a well-organized business portfolio divided into four main sectors. First is Universal Banking, represented by Banco de Crédito del Perú (BCP) and Banco de Crédito de Bolivia, which forms the foundation of its operations. Next is the Microfinance sector, where Mibanco serves clients in Peru and Colombia, emphasizing their commitment to supporting entrepreneurship and financial inclusivity.

Insurance and Pension Funds Service

In addition to banking and microfinance, Credicorp also manages Insurance and Pension Funds through its entities, Grupo Pacifico and Prima AFP. This aspect plays a crucial role in the long-term financial security of its clients. Furthermore, Credicorp's Investment Management and Advisory division includes Credicorp Capital and ASB Bank Corp, which work tirelessly to provide tailored financial solutions to investors and businesses.

Looking Ahead for Credicorp

As Credicorp continues to thrive in the competitive financial landscape, it is poised to leverage its diversified portfolio to navigate market challenges effectively. The company’s strategy involves not only maintaining its leadership but also expanding its reach in existing markets and exploring potential ventures into new ones.

Engagement with Shareholders

Credicorp recognizes the importance of stakeholder engagement and is committed to transparent communication. The Investor Relations team remains available to address any inquiries from shareholders or potential investors. Please reach out via email for further discussion about the company's performance and future outlook.

Frequently Asked Questions

What is the amount of the cash dividend declared by Credicorp?

Credicorp declared a cash dividend of S/40.00 per share for the fiscal year 2024.

When will the cash dividend be payable?

The cash dividend is set to be paid on June 13, 2025, to shareholders on record as of May 19, 2025.

How will the dividend be converted for payment?

The cash dividend will be paid in US Dollars using the weighted exchange rate provided by the Peruvian Superintendency of Banks.

What sectors does Credicorp operate in?

Credicorp operates across Universal Banking, Microfinance, Insurance and Pension Funds, and Investment Management and Advisory.

Who can be contacted for more information about Credicorp?

For further information, investors can reach out to the Investor Relations team via email at investorrelations@credicorpperu.com.

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