Credicorp Ltd. to Acquire Helm Bank USA
Ticker: BAP · Form: 6-K · Filed: Dec 29, 2025 · CIK: 1001290
| Field | Detail |
|---|---|
| Company | Credicorp Ltd (BAP) |
| Form Type | 6-K |
| Filed Date | Dec 29, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $180,000,000.00, $648.2 m, $1,141.8 million, $106.8 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, banking, international
TL;DR
Credicorp buying Helm Bank USA from Wilde Family.
AI Summary
On December 29, 2025, Credicorp Ltd., through its subsidiary Banco de Crédito del Perú (BCP), entered into a Stock Purchase Agreement (SPA) with the Wilde Family (the "Sellers") to acquire Helm Bank USA.
Why It Matters
This acquisition by Credicorp Ltd. signifies an expansion of its banking operations, potentially increasing its market share and service offerings in the United States.
Risk Assessment
Risk Level: medium — Acquisitions carry inherent risks related to integration, regulatory approval, and market reception.
Key Players & Entities
- Credicorp Ltd. (company) — Acquiring entity
- Banco de Crédito del Perú (BCP) (company) — Subsidiary of Credicorp Ltd. involved in the acquisition
- Helm Bank USA (company) — Target company for acquisition
- Wilde Family (company) — Sellers of Helm Bank USA
- December 29, 2025 (date) — Date of Stock Purchase Agreement
FAQ
What is the specific name of the agreement entered into by Credicorp Ltd. and the Sellers?
The agreement is called a Stock Purchase Agreement (SPA).
Which subsidiary of Credicorp Ltd. is executing this acquisition?
Banco de Crédito del Perú (BCP) is the subsidiary executing the acquisition.
Who are the sellers of Helm Bank USA?
The sellers are identified as the shareholders of Helm Bank USA, specifically the Wilde Family.
On what date was the Stock Purchase Agreement entered into?
The Stock Purchase Agreement was entered into on December 29, 2025.
What type of company is Helm Bank USA?
Helm Bank USA is a bank.
Filing Stats: 516 words · 2 min read · ~2 pages · Grade level 12.3 · Accepted 2025-12-29 16:30:11
Key Financial Figures
- $180,000,000.00 — CP will pay the Sellers the amount of US$180,000,000.00 (one hundred eighty million U.S. dollar
- $648.2 m — 25, Helm Bank had a loan portfolio of US$648.2 million, US$1,141.8 million in total asse
- $1,141.8 million — a loan portfolio of US$648.2 million, US$1,141.8 million in total assets, and shareholders' equi
- $106.8 million — l assets, and shareholders' equity of US$106.8 million. The completion of the transaction is
Filing Documents
- ef20061927_6k.htm (6-K) — 13KB
- image00001.jpg (GRAPHIC) — 3KB
- 0001140361-25-046750.txt ( ) — 18KB
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 December 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 December 29, 2025 Securities and Exchange Commission - SEC Re.: MATERIAL EVENT Dear Sirs: We hereby notify you as a Material Event that today Credicorp Ltd. ("Credicorp"), through its subsidiary Banco de Crdito del Per ("BCP"), has entered into a Stock Purchase Agreement ("SPA") with the shareholders of Helm Bank USA (Wilde Family) (the "Sellers") to acquire 100% of the issued and outstanding shares of Helm Bank USA ("Helm Bank"). In accordance with the terms of the SPA, BCP will pay the Sellers the amount of US$180,000,000.00 (one hundred eighty million U.S. dollars), with such amount being subject to a customary price adjustment as of the Closing Date (the "Purchase Price"). Helm Bank is a community bank authorized to operate in the State of Florida by the Florida Office of Financial Regulation (OFR), is supervised by the OFR and is a member of the Federal Deposit Insurance Corporation (FDIC). As of the end of September 2025, Helm Bank had a loan portfolio of US$648.2 million, US$1,141.8 million in total assets, and shareholders' equity of US$106.8 million. The completion of the transaction is subject to obtaining the required regulatory approvals in the United States from the OFR and the Federal Reserve (FED), and in Peru from the Superintendence of Banking, Insurance and Private Pension Fund Administrators (SBS), as well as the fulfillment of other customary closing conditions. It is hereby noted that the execution of the main obligations under the SPA, including BCP's payment of the Purchase Price to the Sellers and the transfer of Helm Bank shares to BCP, will take place on the closing date (the "Closing Date"). The Closing Date will be (i) no later than the third business day following the day on which the conditions precedent set forth in the SPA are satisfied or waived, or (ii) within the period agreed upon by BCP and the Sellers. 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: December 29, 2025 CREDICORP LTD. (Registrant) By: /s/ Guillermo Morales Guillermo Morales Authorized Representative