Core Points - Credicorp Ltd. will release its 3Q24 Earnings Report on November 7th, 2024, after market close [1] - A conference call to discuss the results will take place on November 8th, 2024, at 9:30 a.m. ET [1] - The call will be hosted by key executives including the CEO, CFO, and heads of various divisions [1] Company Overview - Credicorp Ltd. is the leading financial services holding company in Peru, with operations in Chile, Colombia, and Bolivia [3] - The company has a diversified business portfolio organized into four main lines: Universal Banking, Microfinance, Insurance & Pension Funds, and Investment Management & Advisory [3] - Key subsidiaries include Banco de Credito del Peru, Mibanco, Grupo Pacifico, and Credicorp Capital [3]

Company Overview - Credicorp (BAP) is a Peruvian finance company headquartered in La Molina, operating in the Finance sector [2] - The stock has experienced a price change of 25.81% since the beginning of the year [2] Dividend Information - Credicorp currently pays a dividend of $2.92 per share, resulting in a dividend yield of 4.92%, which is higher than the Banks - Foreign industry's yield of 3.94% and the S&P 500's yield of 1.54% [2] - The annualized dividend of $9.29 represents a 37.1% increase from the previous year, with an average annual increase of 3.99% over the last 5 years [2] - The company's current payout ratio is 56%, indicating that it pays out 56% of its trailing 12-month earnings per share as dividends [2] Earnings Expectations - The Zacks Consensus Estimate for Credicorp's earnings in 2024 is $18.81 per share, with an expected increase of 15.33% from the previous year [3] Investment Considerations - Credicorp is viewed as a compelling investment opportunity due to its strong dividend performance and current Zacks Rank of 3 (Hold) [4] - The company is positioned well for income investors, as dividends can significantly enhance stock investing profits and reduce overall portfolio risk [4]

Group 1 - Credicorp will enter a quiet period for its 3Q24 earnings release starting on October 24th, 2024, which will last until November 7th, 2024 [1] - During the quiet period, the company will refrain from disclosing any financial information or commenting on financial results [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]

Company Overview - Credicorp (BAP) is a Peruvian finance company based in La Molina, with a year-to-date share price change of 21.7% [2] - The company currently pays a dividend of $2.9 per share, resulting in a dividend yield of 5.09%, which is higher than the Banks - Foreign industry's yield of 4.03% and the S&P 500's yield of 1.5% [2] Dividend Performance - Credicorp's annualized dividend of $9.29 has increased by 37.1% compared to the previous year [2] - Over the past 5 years, the company has raised its dividend 4 times, achieving an average annual increase of 3.99% [2] - The current payout ratio for Credicorp is 56%, indicating that it pays out 56% of its trailing 12-month earnings per share as dividends [2] Earnings Growth - The Zacks Consensus Estimate for Credicorp's earnings per share for 2024 is $18.86, reflecting a year-over-year earnings growth rate of 15.63% [3] Investment Considerations - Credicorp is considered a compelling investment opportunity due to its strong dividend performance and current Zacks Rank of 3 (Hold) [4] - The company is positioned well for income investors, especially in contrast to tech start-ups or high-growth businesses that typically do not offer dividends [4]

Core Insights - Credicorp Ltd. is committed to sustainable growth through innovation and disciplined digital disruption initiatives, aiming to achieve a sustainable ROE target of 18% despite challenging macroeconomic conditions [1][3]. Group 1: Strategic Goals and Performance - The company aims to generate 10% of its risk-adjusted revenues from new business models by 2026, supported by a disciplined growth approach and prudent financial management [2]. - Credicorp's BCP achieved a ROE of 23.7% in the first half of the year, with Yape reaching break-even in May 2024, indicating strong performance and positive trends expected to continue through 2025 and 2026 [3]. Group 2: Innovation and Market Expansion - The Chief Innovation Officer outlined strategies for self-disruption to gain market penetration, expand total addressable market (TAM), and accelerate key capabilities [4]. - Credicorp has set investment limits for disruptive initiatives to ensure they do not negatively impact ROE by more than 150 basis points or Cost-to-Income by more than 350 basis points annually [5]. Group 3: Future Aspirations - Yape's new aspirations for 2026 include reaching 16.5 million active users, an increase of 6.5 million from previous targets, and achieving S/ 600 billion in transactions per year, up from S/ 100 billion [7]. - The company is focused on penetrating markets with new value propositions and exploring untapped business segments while adopting transformative technologies [8]. Group 4: Company Overview - Credicorp Ltd. is the leading financial services holding company in Peru, with operations in Chile, Colombia, and Bolivia, and a diversified portfolio across Universal Banking, Microfinance, Insurance & Pension Funds, and Investment Banking & Wealth Management [9].

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, “Thi ...

Exhibit 99.1 | Earnings Release 2Q / 2024 Analysis of 2Q24 Consolidated Results Table of Contents | | Operating and Financial Highlights | 03 | | --- | --- | --- | | Senior Management Quotes | | 04 | | | Second Quarter 2024 Earnings Conference Call | 05 | | | Summary of Financial Performance and Outlook | 06 | | | Financial Overview | 11 | | | Credicorp's Strategy Update | 12 | | | Analysis of 2Q24 Consolidated Results | | | 01 | Loan Portfolio | 16 | | 02 | Deposits | 19 | | 03 | Interest Earning Assets an ...

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 ...

11 August 2024 | 10:08PM EDT 2131d4eaf4cb4d50b1d51c8af07b64b4 Credicorp (BAP): Key takeaways from 2Q24 conference call - Lower 2024 loan growth guidance 2024 ROE guidance of ~17% reaffirmed Management hosted its conference call post 2Q24 results and provided updated 2024 guidance. Credicorp revised 2024 loan growth guidance down to 1-3%, from 3-5%, given weaker loan growth in 1H24 and increased caution on asset quality. Indeed, the company now expects the upper range of its cost of risk guidance, largely du ...

Credicorp Ltd. (NYSE:BAP) Q2 2024 Earnings Conference Call August 9, 2024 10:30 AM ET Company Participants Milagros Cigüeñas - Investor Relations Gianfranco Ferrari - Chief Executive Officer Alejandro Perez-Reyes - Chief Financial Officer Cesar Rios - Chief Risk Officer Francesca Raffo - Chief Innovation Officer Conference Call Participants Ernesto Gabilondo - Bank of America Renato Meloni - Autonomous Research Brian Flores - Citi Tito Labarta - Goldman Sachs Yuri Fernandes - JPMorgan Eric Ito - Bradesco BB ...