Core Viewpoint - Credicorp Ltd. is taking proactive measures to address the impact of regulatory actions and alleged misconduct at Sartor Administradora General de Fondos S.A. by offering to purchase 100% of the value of investments in affected funds, ensuring clients are not burdened by the liquidation process [8][10]. Group 1: Company Actions - Credicorp Capital will execute participation transfer agreements through its affiliate Atlantic Security Holding Corporation (ASHC), covering up to US$125.3 million in investment value [3]. - The company has committed to acquiring the value of investment units from its clients within 45 days to mitigate uncertainty stemming from the liquidation of Sartor-managed funds [6]. - Following a complaint by Credicorp Capital, the Chilean Financial Market Commission (CMF) revoked Sartor's authorization to operate and ordered the liquidation of all funds under Sartor's management [10]. Group 2: Fund Details - The affected funds include the Credicorp Capital Factoring Dólares FMIV and Credicorp Capital Factoring Soles FMIV, which had exposure to assets managed by Sartor [8]. - The CMF's recent actions included the suspension of contributions, redemptions, and payments for all funds managed by Sartor, impacting Credicorp's clients [10]. Group 3: Company Overview - Credicorp Ltd. is the leading financial services holding company in Peru, with a diversified portfolio across Universal Banking, Microfinance, Insurance and Pension Funds, and Investment Management and Advisory [9]. - The company has a presence in multiple countries, including Peru, Chile, Colombia, Bolivia, and Panama [9].

Lima, Dec. 30, 2024 (GLOBE NEWSWIRE) -- LIMA, PERU, December 30, 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 its subsidiary Credicorp Capital S.A. Sociedad Administradora de Fondos (“Credicorp Capital”), has notified its clients that it has offered to purchase 100% of the value of investments in the Credicorp Capital Factoring Dólares FMIV and Credicorp Capital ...

Investors interested in Banks - Foreign stocks are likely familiar with Credicorp (BAP) and National Australia Bank Ltd. (NABZY) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Sc ...

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Credicorp (BAP) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.Credicorp is a member of our Finance group, which includes 871 different companies and currently sits at #1 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, ...

Group 1 - Credicorp Ltd. has announced the schedule for its 2025 Quarterly Earnings Releases, which will be available on its website [1] - The dates for the Earnings Release Reports are as follows: 1Q25 on May 15, 2025; 2Q25 on August 14, 2025; 3Q25 on November 13, 2025; and 4Q25 on February 12, 2026 [1] - Conference Call details will be provided 15 calendar days prior to each Earnings Release [1] Group 2 - Credicorp Ltd. is the leading financial services holding company in Peru, with operations in Chile, Colombia, and Bolivia [2] - The company has a diversified business portfolio organized into four lines: Universal Banking, Microfinance, Insurance & Pension Funds, and Investment Management & Advisory [2]

Core Viewpoint - The analysis compares two financial institutions, Credicorp (BAP) and Nu Holdings Ltd. (NU), to determine which stock presents a better value opportunity for investors seeking undervalued stocks [1]. Valuation Metrics - Credicorp (BAP) has a Zacks Rank of 2 (Buy), indicating a more favorable earnings estimate revision activity compared to Nu Holdings Ltd. (NU), which has a Zacks Rank of 3 (Hold) [3]. - BAP's forward P/E ratio is 10.01, significantly lower than NU's forward P/E of 32.80, suggesting that BAP may be undervalued relative to NU [5]. - The PEG ratio for BAP is 0.65, while NU's PEG ratio is 0.66, indicating similar expected earnings growth rates but a more attractive valuation for BAP [5]. - BAP has a P/B ratio of 1.72, which is much lower than NU's P/B ratio of 8.44, further supporting the argument that BAP is undervalued [6]. Investment Grades - Based on various valuation metrics, BAP holds a Value grade of B, while NU has a Value grade of D, highlighting BAP's superior valuation profile [7].

Peru may not be the fastest-growing credit market in Latin America, but as I've stressed before (see Credicorp: Stay Upbeat On Peru's Premier Financial Group ), its highly concentrated banking system is among the region's most profitable. Credicorp (Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not recei ...

Core Insights - Emerging market stocks present opportunities for investors due to their inefficiencies compared to developed markets, allowing for potential mispricing and undervalued companies [1][2] Group 1: Emerging Market Overview - Investing in emerging markets is challenging due to cultural differences, financial reporting standards, and geopolitical uncertainties [2] - Understanding global trends can aid investors in identifying businesses that meet demand in emerging markets [2] Group 2: Company Highlights - **Nu (NYSE: NU)**: A Brazilian fintech company that has provided over 60% return in 2024, operating entirely online with services including banking, credit cards, and investments [3][4] - Nu's customer base grew from 3 million in 2017 to 110 million by Q3 2024, with revenue growth exceeding 100% in 2022 and 2023, though it has decelerated to 56% in Q3 2024 [4][5] - **Qufi Technology (NASDAQ: QFIN)**: A Chinese consumer finance firm that has seen a total return of 135% in 2024, with a 3.3% dividend yield [6][8] - Qufi's revenue growth has slowed to 2% in Q3 2024, but adjusted net income increased by 55% year-over-year [8][9] - **Credicorp (NYSE: BAP)**: A diversified financial services firm in Peru, providing a total return of 42% in 2024, with a significant dividend yield of 17% [10][11] - Credicorp's net income grew over 21% in Q3 2024, with potential for growth in digital finance as cash transactions remain prevalent in Peru [11][12]

Investors interested in Banks - Foreign stocks are likely familiar with Credicorp (BAP) and ICICI Bank Limited (IBN) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stocks with strong earnings esti ...

Exhibit 99.1 | Earnings Release 3Q / 24 Analysis of 3Q24 Consolidated Results Table of Contents | Operating and Financial Highlights | 02 | | | --- | --- | --- | | Senior Management Quotes | 03 | | | Third Quarter 2024 Earnings Conference Call | 04 | | | Summary of Financial Performance and Outlook | 05 | | | Financial Overview | 10 | | | Credicorp's Strategy Update | 11 | | | Analysis of 3Q24 Consolidated Results | | | | 01 | Loan Portfolio | 16 | | 02 | Deposits | 19 | | 03 | Interest Earning Assets and F ...