Credicorp Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K, filed on September 28, 2017, reports a material event for Credicorp Ltd., a Bermuda-based holding company. The filing specifically addresses a decision made by the Board of Directors of its primary subsidiary, Banco de Crédito del Perú (BCP), during a meeting held on September 27, 2017.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a notification of a corporate governance event and does not contain financial performance data.
Material Changes
The material change reported is a restructuring of senior executive leadership at BCP, effective October 1, 2017. The Board unanimously resolved to:
- Create the position of Deputy Chief Executive Officer and appoint Mr. Gianfranco Ferrari de las Casas to this role.
- Appoint Mr. Percy Urteaga Crovetto as Head of Retail Banking and Wealth Management.
- Establish a reporting line where Mr. Urteaga reports directly to Mr. Ferrari.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, management commentary on market conditions, or discussion of risks and contingencies. The document strictly limits its scope to the notification of the personnel changes required under the Capital Markets Law of Peru.
Key Facts for Investor Verification
- Effective date of the new executive appointments is October 1, 2017.
- Mr. Gianfranco Ferrari de las Casas assumes the newly created role of Deputy CEO at BCP.
- Mr. Percy Urteaga Crovetto is appointed Head of Retail Banking and Wealth Management at BCP.
- The filing explicitly states that the information is not deemed "filed" for purposes of Section 18 of the Exchange Act.