Credicorp Board Nominates New Members Ahead of AGM
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 27 2026
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Should l Buy BAP?
Source: Newsfilter
- Board Nomination Update: Credicorp's Board has nominated three new directors, including independent directors María Inés Álvarez and Juan Paredes Manrique, along with non-independent director Manuel Romero Valdez, to enhance expertise in technology, finance, and strategic execution, supporting the company's digital transformation and long-term value creation objectives.
- Independence Assessment Safeguards: The nomination process was overseen by the Compensation and Nominations Committee, ensuring compliance with the company's bylaws and governance policies, with all nominations undergoing formal independence assessments and conflict-of-interest safeguards to maintain the Board's independence and effectiveness.
- Commitment to Diversity: The new nominees will maintain the representation of women at one-third of the Board, reflecting Credicorp's commitment to diversity and balanced governance while enhancing the Board's independent oversight capabilities in financial reporting and risk management.
- Dividend Policy Update: During the same meeting, the Board approved an updated dividend policy that maintains a minimum payout of 25% of consolidated net profits, further reinforcing alignment with regulatory capital considerations and ensuring continued returns for shareholders.
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Analyst Views on BAP
Wall Street analysts forecast BAP stock price to rise
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 317.680
Low
264.00
Averages
323.00
High
412.00
Current: 317.680
Low
264.00
Averages
323.00
High
412.00
About BAP
Credicorp Ltd is a Peru-based financial services holding company. The Company is organized into four lines of business: Universal Banking, Insurance and Pensions that mainly serve the overall Peruvian market, Microfinance and Investment Banking and Wealth Management that have a strong presence in Latin America. The Company has leveraged its franchises and has consolidated into a Group with more than 36,000 employees and operations mainly in six countries: Peru, Bolivia, Colombia, Chile, Panama and the United States.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Earnings Announcement Date: Credicorp is set to release its Q1 earnings on May 14 after market close, with investors keenly awaiting the results, which are expected to have a short-term impact on stock price.
- Earnings Expectations: The consensus EPS estimate stands at $7.26, reflecting market confidence in its profitability, although current valuations are seen as limiting upside potential.
- Revenue Estimate Changes: The revenue estimate of $1.75 billion has not seen any upward revisions in the last three months, with one downward adjustment, indicating market caution regarding revenue growth.
- Valuation Analysis: While Credicorp is regarded as a strong bank, analysts highlight that its current valuation limits further upside potential, prompting investors to closely monitor the upcoming earnings report for future direction.
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- Earnings Release Announcement: Credicorp Ltd. is set to release its Q1 2023 earnings on May 14, with analysts projecting an EPS of $7.26 and revenue of $1.75 billion, indicating the company's stable growth potential in the financial services sector.
- Leadership Succession: The recent announcement of executive leadership succession may impact the company's strategic direction, as the new leadership team faces challenges in maintaining performance in a competitive market.
- Market Expectations: Analysts hold an optimistic view of Credicorp's financial performance, anticipating that its strong profitability and revenue growth will attract more investor interest, potentially driving the stock price higher.
- Industry Context: In the current economic environment, the financial services industry faces multiple challenges, and Credicorp's earnings release will provide crucial market signals for investors to assess its future growth prospects.
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- Executive Appointments: Credicorp has appointed Alejandro Pérez-Reyes Zarak as Head of Microfinance and CEO of Mibanco, effective October 1, 2026, aimed at ensuring a smooth leadership transition and supporting Mibanco's new growth phase.
- Financial Leadership Change: Ignacio Belaunde will become Chief Financial Officer of Credicorp and BCP, effective October 1, 2026, having played a crucial role in enhancing BCP's strategic planning and financial management capabilities, which is expected to further drive the company's financial strategy.
- Audit Officer Transition: Rosa Cigüeñas Espinel will succeed Jose Esposito as Chief Corporate Audit Officer of Credicorp on May 1, 2027, as he retires, with this appointment aimed at strengthening the company's governance and risk management capabilities.
- Leadership Stability: Credicorp's CEO Gianfranco Ferrari emphasized that these appointments reflect the company's commitment to building leadership depth and ensuring continuity across its businesses, further promoting financial inclusion and long-term value creation.
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- Earnings Release Schedule: Credicorp Ltd. has announced that its Q1 2026 earnings report will be published on May 14, 2026, after market close, demonstrating the company's commitment to transparency and timely communication to enhance investor confidence.
- Conference Call Timing: The company will hold a conference call on May 15, 2026, at 9:30 a.m. Lima time to discuss the earnings results, which is expected to attract significant attention from investors and analysts, thereby increasing market awareness of the company.
- Executive Participation: The call will feature several executives, including CEO Gianfranco Ferrari and CFO Alejandro Perez Reyes, showcasing the leadership's transparency and commitment to investor engagement.
- Annual Report Filing: Credicorp filed its 2025 Annual Report on Form 20-F with the SEC on April 27, 2026, which includes audited financial statements as of December 31, 2025, reflecting the company's diligence in compliance and information disclosure.
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- Strong Market Performance: In 2026, the S&P Peru Total Index surged 23%, with over 75% growth in the past 12 months, significantly outperforming both the S&P 500 and MSCI Emerging Markets Index, highlighting Peru's robust market amidst global uncertainty.
- Commodity-Driven Growth: With rising demand for copper and gold, Peru's economic outlook is optimistic, expecting a 29.4% increase in trade for 2026, driven by higher metal export prices and improved business confidence.
- Increased Investment Opportunities: Investors can gain exposure to the Peruvian market through the EPU ETF, which has performed well over the past three years with a fee of 0.59%, outperforming the MSCI Emerging Markets ETF in four of the last five years.
- Geopolitical Impact: Despite rising global oil prices due to the Iran War, Peru's copper and gold export prices may
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- Price Range Analysis: The EEM ETF has a 52-week low of $38.19 and a high of $63.43, with the latest trade at $57.34, indicating relative stability and investment appeal in the current market.
- Technical Analysis Tool: Comparing the latest share price to the 200-day moving average provides valuable insights for investors, helping to assess market trends and potential buying opportunities.
- ETF Unit Trading Mechanism: Exchange-traded funds (ETFs) trade like stocks, where investors buy and sell 'units' that can be created or destroyed based on demand, impacting liquidity and market performance.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding helps identify ETFs experiencing significant inflows (new units created) or outflows (old units destroyed), assessing their impact on underlying assets and market sentiment.
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