Credicorp Ltd. Chairman Testifies in Government Investigation

Written by Customer Service on . Posted in Public Companies.

Lima, Nov. 18, 2019 (GLOBE NEWSWIRE) — Lima, PERU, November 18th, 2019 – Credicorp (NYSE: BAP) announces that its Chairman, Dionisio Romero Paoletti, testified today as one of the witnesses in the Peruvian government’s investigation into campaign donations made to Keiko Fujimori’s 2011 presidential campaign.Mr. Romero informed prosecutors that in 2010 and 2011, Credicorp made donations totaling $3.65 million to the Fujimori 2011 campaign. These contributions were made in coordination with members of the senior management team and do not pose any legal liability to the company.Mr. Romero said: “During those years Hugo Chávez was investing millions to extend his power throughout Latin America. Peru became a crucial target, and Ollanta Humala, Fujimori’s opposing candidate, supported Chávez’s pernicious ideology. As I testified to prosecutors, we believed it was Credicorp’s responsibility, as a leading Peruvian business, to oppose Humala’s campaign and help combat the threat to our country posed by the Chávez regime.” As part of its ongoing commitment to corporate governance, Credicorp has in place a robust set of corporate governance and compliance policies in line with best practices followed by global financial institutions to meet its commitment to its shareholders and other stakeholders, while promoting the highest level of performance by the Board and management, information transparency, and proper governance and internal controls of Credicorp and its subsidiaries.

About Credicorp
Credicorp Ltd. (NYSE: BAP) is the leading financial services holding company in Peru with presence in Chile, Colombia and Bolivia. Credicorp has a diversified business portfolio organized into four lines of business: Universal Banking, through Banco de Credito del Peru – BCP and Banco de Credito de Bolivia; Microfinance, through Mibanco and Encumbra; Insurance & Pension Funds, through Grupo Pacifico and Prima AFP; and Investment Banking & Wealth Management, through Credicorp Capital, Wealth Management at BCP and Atlantic Security Bank.For further information please contact the IR team:investorrelations@credicorpperu.com.peInvestor Relations
Credicorp Ltd.

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.