Credicorp Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K reports a material event for Credicorp Ltd., a foreign private issuer, filed on April 24, 2025. The filing details a Board of Directors decision regarding the distribution of cash dividends based on the financial performance of the 2024 fiscal year.
Key Financial Metrics
- Total Net Income (2024): S/5,501,254,379.37 (Peruvian Soles).
- Approved Cash Dividend: S/3,775,292,680.00.
- Dividend Per Share: S/40.0000.
- Issued Shares: 94,382,317.
- Payment Currency: US Dollars (converted using the weighted exchange rate published by the Peruvian Superintendency of Banks, Insurance and Pension Funds).
The filing does not provide specific data on revenue, operating margins, cash flow, debt levels, or liquidity ratios beyond the net income figure cited for the dividend calculation.
Material Changes and Unusual Items
The primary material event is the unanimous Board approval to distribute a significant portion of the 2024 net income as a cash dividend. The dividend amount represents approximately 68.6% of the reported 2024 net income. No other material changes, risks, or contingencies are disclosed in this specific filing.
Guidance, Outlook, and Management Commentary
The filing contains no forward-looking guidance, outlook, or management commentary regarding future operations. It strictly addresses the mechanics of the dividend distribution approved on April 24, 2025.
Key Facts for Investor Verification
- Record Date: May 19, 2025 (shareholders must be on record by this date).
- Payment Date: June 13, 2025.
- Exchange Rate Mechanism: The USD amount will be calculated using the weighted exchange rate from the close of business on June 11, 2025, published by the Peruvian Superintendency of Banks, Insurance and Pension Funds.
- Tax Status: The dividend is paid without withholding tax at source.
- Source of Funds: The dividend is derived from the 2024 net income previously applied to special reserves.