Credicorp’s BCP issues the first

Lima, June 27, 2022 (GLOBE NEWSWIRE) — Lima, PERU, June 27, 2022 — Credicorp (NYSE: BAP) announces that BCP has issued the first international bond of the Peruvian banking system for a total amount of US$30 million following the publication of its sustainable financing framework in January 2022. Amundi, a company French company and European leader in asset management, acquired 100% of the issue via its Amundi Planet – Emerging Green One fund. The funds raised will initially be used to finance development projects for production plants that respect the environment.

Diego Cavero, CEO of BCP, said the transaction was conducted in line with Credicorp’s sustainability strategy, which aims to leverage the financial system to create more sustainable and inclusive economies.

“We are proud to be the first Peruvian bank to attract international funds to finance green projects. We are convinced that the financing system can promote the transition to more environmentally friendly business models and activities. This show is, without a doubt, a milestone in that direction,” Mr. Cavero said.

The Amundi Planet Emerging Green One fund, managed by Amundi and launched in partnership with the International Finance Corporation (IFC), aims to invest in a diversified portfolio of green bonds, favoring those issued by financial institutions active in emerging markets . The objective of the fund is to promote and accelerate the development of the capital markets of these economies while generating positive environmental impacts.

BCP’s sustainable financing framework has been designed in accordance with the guidelines of the International Capital Market Association (ICMA), the Green Bond Principles 2021 (GBP), the Social Bond Principles 2021 (SBP) and the Green Loan Principles 2021 (GLP ). Importantly, BCP is the first bank in Latin America to receive a “strong” rating for its Sustainable Finance Framework, which defines the criteria used to determine the eligibility of sustainable projects and clearly articulates the commitment of the Bank to provide transparent information on the use and impact of financing.

With BCP’s first green issue, Credicorp reaffirms its commitment to sustainability while continuing to be guided by its corporate purpose of improving lives by accelerating the changes our countries need.

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 business lines: Universal Banking, via Banco de Credito del Peru – BCP and Banco de Credito de Bolivia; microfinance, via Mibanco in Peru and Colombia; Insurance and pension funds, via Grupo Pacifico and Prima AFP; and Investment Banking & Wealth Management, via Credicorp Capital, Wealth Management at BCP and Atlantic Security Bank.

For more information, please contact the IR team:

[email protected]

Investor Relations
Credicorp Ltd.

About Lolita Plowman

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