Credicorp .(US:BAP) Globenewswire·2025-12-29 21:54Core Viewpoint - Credicorp Ltd. has announced the acquisition of Helm Bank USA for USD 180 million, enhancing its cross-border capabilities and commitment to serving internationally active clients [1][2][3] Company Overview - Credicorp is the leading financial services holding company in Peru, with operations in Chile, Colombia, Bolivia, Panama, and the United States [4] - The company has a diversified business portfolio organized into four lines of business: Universal Banking, Microfinance, Insurance & Pension Funds, and Investment Management & Advisory [4] Acquisition Details - The acquisition involves 100% of Helm Bank's issued shares and is subject to customary price adjustments at closing [1] - Helm Bank, a community bank in Florida, had assets of USD 1.1 billion and shareholders' equity of USD 106.8 million as of September 30, 2025 [2][6] - The transaction aims to strengthen Credicorp's strategy to serve Latin American clients and maintain Helm Bank's community-focused legacy [2][3] Strategic Implications - The acquisition is expected to deepen Credicorp's ability to serve Latin Americans whose financial activities span both their home countries and the United States [3] - Credicorp's CEO emphasized that Helm Bank's community-focused approach aligns with Credicorp's strategy, enhancing its capabilities within the broader ecosystem [3] Helm Bank Overview - Helm Bank USA, founded in 1989, is a Florida state-chartered community bank with a loan portfolio of USD 648.2 million and total assets of USD 1.1418 billion as of September 30, 2025 [6]