Credicorp appoints three new directors and reelects six, enhancing governance and expertise amidst strategic changes.
Quiver AI Summary
Credicorp Ltd., a leading financial services holding company in Peru with operations in several countries, announced the appointment of three new directors and the reelection of six existing directors during its 2026 Annual General Shareholders Meeting. The new directors, María Inés Álvarez, Juan Paredes Manrique, and Manuel Romero Valdez, will serve until March 2029, succeeding retiring members. The board restructuring aims to enhance expertise in areas such as technology and regulatory governance, aligning with Credicorp's strategy for digital transformation and long-term value creation. The company maintained a robust governance framework, ensuring director independence and effective oversight through various committees. Credicorp is committed to continuous improvement of its governance practices in line with regulatory and shareholder expectations.
Potential Positives
- Appointment of three new directors and re-election of six existing directors demonstrates strong shareholder support for the Company's strategic direction.
- New Board composition focused on enhancing expertise in technology, AI oversight, and regulatory governance, aligning with Credicorp's digital transformation and long-term value creation goals.
- Robust governance framework maintained, ensuring independent oversight and rigorous conflict of interest policies, enhancing credibility and trust with stakeholders.
Potential Negatives
- Three new directors appointed include only one independent director, which may raise concerns about board diversity and independence.
- The retirement of three board members could indicate a lack of stability within the governance structure.
- The need to refresh the board's composition in response to evolving risks and strategies may suggest previous inadequacies in oversight or governance practices.
FAQ
What recent changes were made to Credicorp's Board of Directors?
Credicorp appointed three new directors and re-elected six existing directors during the 2026 Annual General Shareholders Meeting.
Who are the newly appointed directors at Credicorp?
The new directors are María Inés Álvarez, Juan Paredes Manrique, and Manuel Romero Valdez, serving from March 2026 to March 2029.
What is the role of Credicorp’s independent committees?
Credicorp’s independent committees, including Audit and Sustainability, ensure strong oversight in financial reporting, executive compensation, and board composition.
How does Credicorp ensure governance following board changes?
Credicorp maintains a robust governance framework, ensuring compliance with independence requirements and rigorous conflict of interest policies.
What industries does Credicorp operate in?
Credicorp operates in Universal Banking, Microfinance, Insurance & Pension Funds, and Investment Management & Advisory across multiple countries.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$BAP Hedge Fund Activity
We have seen 211 institutional investors add shares of $BAP stock to their portfolio, and 159 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 3,003,401 shares (-73.8%) from their portfolio in Q4 2025, for an estimated $861,976,087
- DODGE & COX removed 1,028,775 shares (-21.0%) from their portfolio in Q4 2025, for an estimated $295,258,425
- CAPITAL WORLD INVESTORS added 565,490 shares (+34.7%) to their portfolio in Q4 2025, for an estimated $162,295,630
- PRINCIPAL FINANCIAL GROUP INC added 288,056 shares (+98.9%) to their portfolio in Q4 2025, for an estimated $82,672,072
- FIL LTD added 211,340 shares (+3764.5%) to their portfolio in Q4 2025, for an estimated $60,654,580
- WESTWOOD GLOBAL INVESTMENTS, LLC removed 209,581 shares (-11.6%) from their portfolio in Q4 2025, for an estimated $60,149,747
- BANK OF NOVA SCOTIA removed 201,482 shares (-19.5%) from their portfolio in Q4 2025, for an estimated $57,825,334
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$BAP Analyst Ratings
Wall Street analysts have issued reports on $BAP in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- JP Morgan issued a "Overweight" rating on 11/21/2025
To track analyst ratings and price targets for $BAP, check out Quiver Quantitative's $BAP forecast page.
$BAP Price Targets
Multiple analysts have issued price targets for $BAP recently. We have seen 2 analysts offer price targets for $BAP in the last 6 months, with a median target of $320.0.
Here are some recent targets:
- Tito Labarta from Goldman Sachs set a target price of $330.0 on 02/17/2026
- Yuri Fernandes from JP Morgan set a target price of $310.0 on 11/21/2025
Full Release
Lima, April 01, 2026 (GLOBE NEWSWIRE) -- Lima, Peru – April 1, 2026 – Credicorp Ltd. (“Credicorp” or “the Company”) (NYSE: BAP), the leading financial services holding company in Peru with presence in Chile, Colombia, Bolivia, Panama, and the United States, today announced the appointment of three new directors, the reelection of six existing directors and the composition of its Board committees.
Appointment of New Directors
María Inés Álvarez (Independent), Juan Paredes Manrique (Independent) and Manuel Romero Valdez (Non-Independent) were appointed to the Company’s Board of Directors for the period from March 2026 to March 2029.
Credicorp’s shareholders provided strong support for each of the Company’s proposals at the Company’s 2026 Annual General Shareholders Meeting held on March 31, 2026, including the election of these directors.
These new directors succeed Antonio Abruña Puyol, Alexandre Gouvêa and Patricia Lizárraga Guthertz, who have decided to retire from the Board. Credicorp is deeply grateful for the time and energy they dedicated to the Company, as well as for their valuable contributions.
The new Board composition is the result of a structured, skills-based refreshment process aligned to support Credicorp’s strategy, evolving risk profile, and capital allocation priorities. As the Company advances its digital transformation, strengthens operational resilience and executes on its long-term value creation objectives across its diversified financial services platform, the Board has sought to further strengthen expertise in technology and AI-related oversight, financial and regulatory governance, and strategic execution.
For detailed information related to the professional backgrounds and qualifications of each of the re-elected directors, please refer to our latest 20-F filing. For detailed information related to the professional backgrounds and qualifications of each of the newly elected directors, please refer to our February 27th 2026 press release .
Board Leadership and Committee Composition
During Credicorp’s Board meeting held on April 1, 2026, in accordance with the Company’s Bye-laws, the Board appointed Mr. Luis Enrique Romero Belismelis as Chairman of the Board and Mr. Raimundo Morales Dasso as Vice Chairman of the Board.
Additionally, the Board approved the composition of the Board Committees as follows:
| Audit | Sustainability | Risk | Compensation & | |
| Committee | Committee | Committee | Nominations Committee | |
| Luis Romero Belismelis | Member | Member | ||
| Raimundo Morales Dasso | Member | Member | ||
| Juan Paredes Manrique (I) | Chair | Member | ||
| María Teresa Aranzabal Harreguy (I) | Member | Chair | Member | |
| Nuria Aliño Pérez (I) | Member | Member | Chair | |
| Pedro Rubio Feijóo | Member | Chair | Member | |
| María Inés Álvarez Arnao (I) | Member | |||
| Leslie Pierce Diez-Canseco | Member | |||
| Manuel Romero Valdez | Member |
Governance Safeguards Remain Robust Following Changes in Board Independence
Credicorp maintains a governance framework designed to ensure strong and effective oversight. The Board continues to meet the Company’s Corporate Governance Policy requirement regarding director independence, while benefiting from a combination of independent perspectives and directors with deep knowledge of the Company’s operations, strategy, and markets. Key safeguards remain in place, including a fully independent Audit Committee and both the Sustainability Committee and Compensation & Nominations Committee led by independent directors. These structures ensure that independent directors play a central role in oversight of financial reporting, executive compensation, and Board composition. In addition, established conflict of interest policies are applied rigorously, with directors abstaining from participating in discussions and voting on matters where potential conflicts may arise. These practices support objective and independent decision-making across the Board.
Credicorp’s corporate governance structure is reviewed on an ongoing basis to ensure alignment with regulatory requirements, governance best practices, and shareholder expectations, while balancing continuity with the skills and experience required to oversee the Company’s evolving strategy and risk profile. Credicorp remains committed to maintaining strong governance practices and transparent engagement with shareholders and other stakeholders.
About Credicorp
Credicorp (NYSE: BAP) is the leading financial services holding company in Peru with presence in Chile, Colombia, Bolivia, and Panama and United States. Credicorp has a diversified business portfolio organized into four lines of business: Universal Banking, through BCP and Banco de Crédito 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 at BCP and ASB Bank Corp. Additionally, its operations are complemented by Krealo, its Corporate Venture Capital arm.
For further information, please contact:
Investor Relations
Credicorp Ltd.
