Credicorp .(BAP) Globenewswire·2025-03-13 20:05Group 1: Acquisition Details - Credicorp has completed the acquisition of the remaining 50% interest in the joint venture with Banmedica, which was initially established in December 2014 [1][2] - Following the acquisition, Banmedica's 50% interest in the private medical insurance business has been transferred to Pacifico Seguros, while its interest in Pacifico EPS has been transferred to Credicorp's subsidiary Grupo Crédito S.A. [3] Group 2: Strategic Implications - This acquisition enhances Credicorp's ability to create a more sustainable and inclusive economy by improving access to insurance and healthcare, while also advancing financial inclusion in Peru [4] - The company remains committed to investing in the country and the sector, ensuring that Pacifico Seguros and Pacifico EPS continue to be trusted partners for Peruvian families [4] Group 3: Operational Continuity - Customers, policyholders, agents, and other stakeholders can expect a seamless transition with no disruptions to services, product terms, or policy administration following the transaction [5] Group 4: Company Overview - Credicorp is the leading financial services holding company in Peru, with a diversified business portfolio organized into four lines: Universal Banking, Microfinance, Insurance & Pension Funds, and Investment Management & Advisory [6] - Pacifico EPS is one of the largest corporate health insurance providers in Peru, with over one million clients and a reported net income of S/ 207 million for 2024 [7] - Pacifico Seguros, part of Credicorp, reported a net income of S/ 770 million in 2024 and offers a wide range of insurance products [8]