Credicorp Adjusts Certain Cumulative Measures in Q2 2024 Results Materials and Confirms H1 2024 Financial Results and 2024 Guidance

Lima, August 13, 2024 (GLOBE NEWSWIRE) — Lima, PERU, August 13, 2024 – Credicorp Ltd. (“Credicorp” or the “Company”) (NYSE: BAP | BVL: BAP) is announcing to its shareholders and the market revisions to four metrics released in its 2Q24 earnings release. The revisions are due to miscalculations of certain cumulative performance metrics.

Below is a table containing the reported and adjusted indicators presented in the Company’s financial report for Q2 2024.

Performance Index	Originally reported number	Corrected number	Location in the financial results report
1H24 Return on Equity	17.2%	17.6%	Pages 3 and 11
Financing cost 1H24	3.16%	2.90%	Page 11
Operating Expenses 1H24 / Total Average Assets	7.4%	3.7%	Page 11
Operating Expenses 1H23 / Total Average Assets	7.1%	3.5%	Page 11

The above adjustments do not impact the Company’s reported financial results under IFRS or the Company’s full-year 2024 forecasts announced on August 8, 2024.

The Company will replace its quarterly materials (financial results releases, conference call presentations and historical consolidated charts) with appropriate adjustments to the following metrics: 1H24 ROE, 1H24 Cost of Financing and 1H23 and 1H24 Operating Costs for Average Total Assets.

About Credicorp

Credicorp Ltd. (NYSE: BAP) is a leading financial services holding company in Peru, with a presence in Chile, Colombia, Bolivia and Panama. Credicorp has a diversified business portfolio divided into four business lines: 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 Management & Advisory, through Credicorp Capital, Wealth Management in BCP and ASB Bank Corp.

For more information please contact the IR team:

[email protected]

Investor Relations
Credicorp Ltd