Credicorp Ltd.: Credicorp Ltd. Updates on Tax Dispute with SUNAT

Core Viewpoint - The Peruvian Tax Authority (SUNAT) has cancelled a tax assessment and fine totaling approximately S/ 1.6 billion soles against Credicorp, allowing the company to challenge the resolutions through legal channels while maintaining its commitment to regulatory compliance [2][3]. Group 1: Tax Dispute Update - The total amount of the Tax Assessment Resolutions and Fine Resolutions issued by SUNAT on June 27, 2025, has been cancelled, resolving any potential misperception of outstanding obligations to the Peruvian State [2]. - Credicorp is exercising all legal rights available to challenge the Resolutions and remains confident in a favorable outcome, assessing the contingency as remote [3]. Group 2: Company Overview - Credicorp is the leading financial services holding company in Peru, with operations in Chile, Colombia, Bolivia, and Panama, and has a diversified business portfolio organized into four lines: Universal Banking, Microfinance, Insurance & Pension Funds, and Investment Management & Advisory [4].