Credicorp Ltd. Responds to Peruvian Regulator

TL;DR

Credicorp is talking to Peru's market regulator about a past event.

AI Summary

Credicorp Ltd. is responding to a request from the Peruvian Superintendencia del Mercado de Valores (SMV) dated January 15, 2025, for more information regarding a Material Event previously communicated on December 30, 2024. The filing does not disclose the specific details of the Material Event or the SMV's request.

Why It Matters

This filing indicates ongoing communication with a key regulatory body, which could have implications for Credicorp's operations and market perception.

Risk Assessment

Risk Level: medium — The filing references a 'Material Event' and regulatory inquiry, suggesting potential undisclosed risks or developments.

Key Players & Entities

• Credicorp Ltd. (company) — Registrant
• Superintendencia del Mercado de Valores (company) — Peruvian Securities Market Superintendency
• Banco de Credito del Peru (company) — Subsidiary
• January 15, 2025 (date) — Date of SMV communication
• December 30, 2024 (date) — Date of prior Material Event communication

FAQ

Key Financial Figures

• $125,300,000 — the referenced letter could be up to US$125,300,000, which is the amount authorized for the

Filing Documents

• ef20041874_6k.htm (6-K) — 19KB
• image00002.jpg (GRAPHIC) — 3KB
• 0001140361-25-001531.txt ( ) — 24KB

From the Filing

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 For the month of January 2025 Commission File Number: 001-14014 CREDICORP LTD. (Translation of registrant's name into English) Of our subsidiary Banco de Credito del Peru: Calle Centenario 156 La Molina 15026 Lima, Peru (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F January 21, 2025 Securities and Exchange Commission - SEC Re.: MATERIAL EVENT Dear Sirs: Credicorp Ltd. (the "Company" or "Credicorp") notifies you as a Material Event that, in response to an official communication from the Peruvian Superintendencia del Mercado de Valores (Securities Market Superintendency or "SMV") notified to the Company on January 15, 2025, requiring information related to our Material Event communicated on December 30, 2024. The following response to the SMV (translated into English from the original in Spanish), was published in the Peruvian market in the form of an Hecho de Importancia (Material Event): January 20, 2025 Sirs SUPERINTENDENCY OF SECURITIES MARKET - SMV A/A: Securities Market Public Registry Ref.: Material Event Official Letter N. 271-2025-SMV/11.1 File N. 2025001638 Dear Sirs, In accordance with the information provided in the referenced letter, notified to Credicorp Ltd. ("Credicorp") on January 15, 2025, we hereby inform, as an Hecho de Importancia (Material Event), our responses to your request: 1. As reported to the market through a Material Event notice on December 30, 2024, the economic impact to the Credicorp Group from the matter mentioned in the referenced letter could be up to US$125,300,000, which is the amount authorized for the repurchase of investments in the Credicorp Capital Factoring Dlares and Credicorp Capital Factoring Soles funds. Such repurchase will be carried out by Atlantic Security Holding Corporation (ASHC). However, our subsidiary Credicorp Capital S.A. Sociedad Administradora de Fondos has initiated several legal actions in Chile against Sartor AGF, including: (i) a request for the immediate liquidation of Fondo de Inversin Sartor Tctico Per and Fondo de Inversin Sartor Facturas USD, funds managed by Sartor AGF, (ii) civil legal actions seeking compensation and the adoption of the following precautionary interim measures: (a) appointment of a trustee for Fondo de Inversin Sartor Tctico Per and Fondo de Inversin Sartor Facturas USD, both funds managed by Sartor AGF; (b) retention of funds; and (c) prohibition of entering into acts and contracts, and (iii) criminal action against anyone deemed responsible. Although the outcome of these actions, as well as the time these processes may take, remains uncertain, we are confident in our ability to partially recover the investments through these and other initiatives. 2. We do not anticipate any legal impact for Credicorp, considering that our company did not have any direct contractual relationship with Sartor AGF. Yours truly, CREDICORP LTD. Guillermo Morales Stock Representative The information in this Form 6-K (including any exhibit hereto) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act. Sincerely, /s/ Guillermo Morales Authorized Representative Credicorp Ltd. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: January 21, 2025 CREDICORP LTD. (Registrant) By: /s/ Guillermo Morales Guillermo Morales Authorized Representative

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View this 6-K filing on SEC EDGAR