Credicorp Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K filing by Credicorp Ltd. (a Bermuda-based foreign private issuer) reports a material event to the Superintendencia del Mercado de Valores (SMV) and the SEC. The report date is November 22, 2017, concerning the finalization of dividend payment calculations for the upcoming distribution.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or debt metrics. It specifically details the following dividend-related figures:
- Dividend Payment Date: November 24, 2017
- Dividend Per Share (USD): US$4.8457
- Dividend Per Share (PEN): S/15.7000
- Exchange Rate Used: S/3.24000 per US Dollar (as registered by the Superintendencia de Banca, Seguros y AFP on November 22, 2017)
Material Changes
This filing serves as a follow-up to a Material Event filed on October 25, 2017, which announced the Board of Directors' agreement to distribute dividends. The current filing provides the specific exchange rate and final calculated dividend amounts in both currencies, which were not finalized in the prior notice.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of risks and contingencies beyond the administrative notification of the dividend calculation. The unusual item is the specific regulatory requirement to disclose the weighted exchange rate used for converting the dividend into Peruvian Soles.
Investor Verification Checklist
- Verify the dividend payment date of November 24, 2017, against the company's shareholder calendar.
- Confirm the exchange rate of S/3.24000 per USD was the official rate published by the Superintendencia de Banca, Seguros y AFP on November 22, 2017.
- Review the October 25, 2017 Material Event filing to confirm the original dividend declaration amount in USD.
- Check the company's Form 20-F for the full context of the dividend policy and financial performance for the relevant fiscal period.