Lima, Feb. 26, 2021 (GLOBE NEWSWIRE) -- Credicorp (NYSE: BAP) announces to its
shareholders and the market that the Board of Directors, in its session held on February
25th, 2021 decided to postpone the decision on dividend payment for the financial year
The Board came to this determination after a thorough assessment indicated that
uncertainty still prevails, particularly with regard to the evolution of the pandemic.
Although the economic indicators in our operating countries have shown clear signs of
recovery since the second semester of 2020, the Board believes that the path upward
depends greatly on the speed of immunization roll out, and on the easing of the lockdown
Once the outlook is clearer, the Board will decide whether a dividend payment is in order,
based on the company´s solvency, liquidity and prospects for growth. Credicorp’s capital
ratios remain adequate and above our internal minimum, and as we continue to rebuild
our profitability, we expect to further strengthen our capital base.
Credicorp Ltd. (NYSE: BAP) is the leading financial services holding company in Peru
with presence in Chile, Colombia and Bolivia. Credicorp has a diversified business
portfolio organized into four lines of business: Universal Banking, through Banco de
Credito del Peru – BCP and Banco de Credito de Bolivia; Microfinance, through Mibanco
in Peru and Colombia; Insurance & Pension Funds, through Grupo Pacifico and Prima
AFP; and Investment Banking & Wealth Management, through Credicorp Capital, Wealth
Management at BCP and Atlantic Security Bank.
For further information please contact the IR team: