Pursuant to Rule 13a-16 or 15d-16 of the
Church Street
Hamilton HM 11 Bermuda
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____
Lima, October 26, 2004
Comisión Nacional
Supervisora
de Empresas y Valores
CONASEV
Attention: Public Registry of the Securities Market
Reference: Material Event
Dear Sirs:
Our company, CREDICORP LTD. (NYSE: BAP) in accordance with the amended Peruvian Capital Market Law (TUO - Texto Unico Ordenado) approved by the Supreme Decree N° 093-2002-EF and the Material Event Regulation, Private Information and Other Communications, approved by the CONASEV resolution N° 107-2002-EF/94.10.0 (The Rule), hereby notify you of the following “Material Event”:
CREDICORP LTD., in Board of Directors meeting held on October 25, 2004, approved the sale of 93.726648153% of the registered and paid equity capital of Banco Tequendama S.A., a Colombian bank of which CREDICORP LTD. owns a stake amounting to said percentage. Therefore, the Board approved the signing of the corresponding sale contract of the shares of Banco Tequendama with the acquiring company GILEX HOLDING B.V., a financial holding established according to Kingdom of the Netherlands laws.
In the same date the Board of Atlantic Security Holding Corporation, a subsidiary of CREDICORP LTD., also approved the sale of 6.269584126% of the equity capital of Banco Tequendama S.A.
The price for the sale of both of the above mentioned equity stakes, which amount to a total of 99.96% of the equity shares of Banco Tequendama is of US$32,000,000.00 (Thirty two million and 00/100 U.S. Dollars), which will be paid when the acquiring company GILEX HOLDING B.V. is awarded the required authorization from the Banking Superintendency of Colombia.
Sincerely,
CREDICORP LTD.
Fernando Palao
Corporate Secretary
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CREDICORP LTD.
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| By: |
/S/
Guillermo Castillo
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Guillermo Castillo
Authorized Representative
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