Lima, PERU, August 2nd, 2017 - According to announcement made on February 24th 2017, where we informed about the approval of the merger between PV and PSG, Credicorp Ltd. announces that the merger went into effect on August 1st 2017, as a result of the subscription of the respective Public Deed.
As a result, PV has acquired all of the rights and obligations of PSG. The resulting company shall be named Pacífico Compañía de Seguros y Reaseguros, with abbreviated name "Pacífico Seguros", and shall have a capital stock amount of S/1,121,316,750 (one thousand one hundred and twenty-one million three hundred and sixteen thousand seven hundred and fifty Soles).
This merger was previously approved by the Superintendence of Banking, Insurance and AFP (SBS).
Credicorp Ltd. (NYSE: BAP) is the leading financial holding in Peru. It is composed of Banco de Credito del Peru (BCP), Atlantic Security Holding Corporation (ASHC), Grupo Pacifico Seguros, Prima AFP, and Credicorp Capital, which are among Peru's top-rated brands. Credicorp is mainly involved in banking (commercial & investment banking and retail banking, including SME and micro-lending), insurance (including property and casualty, life and health insurance), pension funds (private pension fund management services) and brokerage services (including trust, custody and securitization services, asset management and proprietary trading and investment).
For further information please contact the IR team: IRCredicorp@bcp.com.pe