CREDICORP LTD

Credicorp Ltd.'s Issuer Default Ratings (IDRs) were upgraded by Fitch Ratings to 'BBB+' from 'BBB', with a Stable Outlook. This upgrade is primarily driven by the strong business and financial profile of its main subsidiary, Banco de Crédito del Perú (BCP). The company demonstrated strong financial performance, maintaining low double leverage and robust liquidity management, supported by consistent subsidiary performance and diversified earnings.

Credicorp Ltd. announced the final dividend payment details for its shareholders. The Peruvian Superintendence of Banking, Insurance and AFP set the weighted exchange rate at S/3.4158 per US Dollar. Consequently, the dividend to be paid per share on June 12, 2026, will be US$14.6379, which is equivalent to S/50.0000 per share.

Fitch Ratings has upgraded Credicorp Ltd. and its main subsidiary, Banco de Credito del Peru S.A. (BCP), to 'BBB+' from 'BBB', with a Stable Outlook. The upgrade reflects BCP's solid business profile, market leadership, and a very strong financial profile, particularly its improved and sustainable profitability. BCP's Viability Rating was also upgraded to 'bbb+' from 'bbb', now one notch above Peru's sovereign rating. Credicorp's ratings are driven by BCP's ratings and are equalized due to low double leverage and sound liquidity management.

Credicorp Ltd. reported record-high net income of S/2,063 million for 1Q26, marking a 16.1% YoY and 30.0% QoQ increase, with ROE reaching 21.1%. The company saw robust loan growth of 8.2% YoY, driven by BCP and Mibanco, alongside improved asset quality with the NPL ratio falling to 4.3%. Strategic initiatives, particularly Yape, continued to advance, contributing 9.0% to risk-adjusted revenues. The company also announced a record-high dividend of S/50 per share.

Credicorp Ltd. announced several executive leadership changes as part of its ongoing succession planning and talent development. Alejandro Pérez-Reyes Zarak will become Head of Microfinance at Credicorp and CEO of Mibanco, succeeding Javier Ichazo, effective October 1, 2026. Ignacio Belaunde has been named Chief Financial Officer of Credicorp and Banco de Crédito del Perú (BCP), also effective October 1, 2026. Additionally, Rosa Cigüeñas Espinel will succeed Jose Esposito Li Carrillo as Chief Corporate Audit Officer, effective May 1, 2027, upon his retirement.

Credicorp Ltd. announced multiple senior management changes approved by its Board of Directors on May 13, 2026. Javier Ichazo Bardales will resign as Head of Microfinance, with Alejandro Pérez-Reyes Zarak appointed as his successor, also taking on the CEO role at Mibanco. Pérez-Reyes Zarak will step down as CFO, and Ignacio Belaunde Zuzunaga will assume that position. Additionally, Jose Esposito Li Carrillo will retire as Chief Corporate Audit Officer, to be succeeded by Rosa Cigüeñas Espinel.

Credicorp Ltd. announced that the Peruvian Superintendence of Banking, Insurance and Private Pension Fund Administrators (SBS) has authorized its subsidiary, Banco de Crédito del Perú (BCP), to acquire 100% of Helm Bank USA. The acquisition will be implemented through two newly incorporated subsidiaries, Orange Perú Holding S.A. and Orange Financial Holding Inc. The transaction remains subject to obtaining necessary regulatory approvals in the United States from the Florida Office of Financial Regulation and the Federal Reserve System, along with other customary closing conditions.

Credicorp Ltd. announced that its first-quarter 2026 earnings release will be published on Thursday, May 14, 2026, after market close. A webcast and conference call to discuss these results will follow on Friday, May 15, 2026, at 9:30 a.m. Lima time, hosted by key executives including CEO Gianfranco Ferrari and CFO Alejandro Perez Reyes. The company also reminded shareholders that its Annual Report on Form 20-F for the fiscal year ended December 31, 2025, was filed with the SEC on April 27, 2026, and is available on its investor relations website.

Credicorp Ltd. (BAP) announced the filing of its Annual Report on Form 20-F for the year ended December 31, 2025, with the Securities and Exchange Commission. The report includes audited consolidated financial statements for 2023, 2024, and 2025, prepared under IFRS. The 20-F is accessible on Credicorp's website, and hard copies can be requested free of charge.

Credicorp Ltd. announced it will enter a quiet period for its first quarter 2026 earnings release, starting on April 30, 2026. This period is intended to prevent premature disclosure of financial information and ensure fair dissemination. The quiet period will conclude on May 14, 2026, which is also the scheduled date for the earnings release.