Credicorp Ltd. Chairman Testifies in Government Investigation
19 November 2019 - 6:43AM
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.pe
Investor Relations Credicorp
Ltd.
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