Credicorp Ltd (BAP.N)
15 Dec 2017
Latest Key Developments (Source: Significant Developments)
Credicorp Ltd:Approves transfer by Banco de Credito del Peru (BCP) of 14,121 shares it owns in Banco de Credito de Bolivia SA (BCB) to Inversiones Credicorp Bolivia SA (ICBSA), indirect unit of Credicorp Ltd.Approves capital injection of $163 million to be carried out by Grupo Credito SA, unit of Credicorp Ltd to ICBSA, in order to acquire all shares of BCB in BCP.As a consequence of these operations, Inversiones Credicorp Bolivia SA will be turned into a holding of Bolivian companies of Grupo Credicorp. Full Article
LIMA, Aug 7 Peruvian financial holding company Credicorp on Monday reported 920.2 million soles ($283.75 million) in its second-quarter net profit, up 5.3 percent from the same period a year earlier.