Credicorp Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K filing, dated March 11, 2003, discloses material events for Credicorp Ltd. The filing references two notices submitted to CONASEV and the Lima Stock Exchange on February 26 and February 28, 2003. The document also references the company's consolidated financial statements as of December 31, 2002, which were approved by the Board for presentation at the Annual General Meeting scheduled for March 28, 2003.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. It references the existence of the 2002 Annual Report and external Auditor's Report but does not include the numerical data within this summary document.
Dividend Declaration:
- Total Dividend Amount: US$28,314,695
- Shares Outstanding: 94,382,317
- Dividend Per Share: US$0.30
- Payment Date: April 30, 2003
- Record Date: April 16, 2003
Material Changes and Corporate Actions
Venezuela Operations Restructuring: Credicorp's Colombian subsidiary, Banco Tequendama, S.A., has transferred all operations and the equity of its Venezuelan branch to a new entity, initially named Banco Tequendama C.A. This new bank was established jointly with a group of investors experienced in the Venezuelan financial sector. Banco Tequendama S.A. will continue to operate in Venezuela through this new entity, which will serve as its correspondent bank.
Dividend Declaration: The Board of Directors declared a cash dividend of US$0.30 per share, payable to shareholders registered before April 16, 2003.
Outlook, Risks, and Contingencies
The filing notes that the company's Annual Report is subject to modifications prior to the Annual General Meeting. No specific forward-looking guidance, risk factors, or unusual items are detailed in the text of this Form 6-K beyond the operational restructuring in Venezuela and the dividend distribution.
Key Facts for Investor Verification
- Verify the final terms of the new Venezuelan banking entity (Banco Tequendama C.A.) and the extent of Credicorp's equity participation.
- Confirm the final audited financial figures for the year ended December 31, 2002, as the Annual Report referenced in this filing is subject to modification.
- Ensure share registration status by April 16, 2003, to qualify for the US$0.30 per share dividend payment on April 30, 2003.
- Review the full Annual Report and Auditor's Report (Dongo-Soria Gaveglio y Asociados) for detailed financial performance metrics not included in this summary.