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, November 25, 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 November 25, 2004, approved that its subsidiary Inversiones Crédito del PerúS.A. will take part, as the principal shareholder together with other Peruvian shareholders, in the start-up of a new Private Pension Fund Management company (Administradora de Fondos de Pensiones –AFP) which will operate in the Peruvian pension fund market according to applicable regulations.
The required application for approval of the organization of the company will be submitted to the Peruvian Superintendency of Banking and Insurance.
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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