<SEC-DOCUMENT>0001144204-17-018241.txt : 20170331
<SEC-HEADER>0001144204-17-018241.hdr.sgml : 20170331
<ACCEPTANCE-DATETIME>20170331164613
ACCESSION NUMBER:		0001144204-17-018241
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170331
FILED AS OF DATE:		20170331
DATE AS OF CHANGE:		20170331

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CREDICORP LTD
		CENTRAL INDEX KEY:			0001001290
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL BANKS, NEC [6029]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14014
		FILM NUMBER:		17730993

	BUSINESS ADDRESS:	
		STREET 1:		CLARENDON HOUSE, 2 CHURCH STREET
		STREET 2:		P.O. BOX HM 666,
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM CX
		BUSINESS PHONE:		5113135140

	MAIL ADDRESS:	
		STREET 1:		CLARENDON HOUSE, 2 CHURCH STREET
		STREET 2:		P.O. BOX HM 666,
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM CX
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>v463214_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Report of Foreign Private Issuer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Pursuant to Rule 13a-16 or 15d-16 under
the</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Securities Exchange Act of 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>For the month of March 2017</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Commission File Number: 001-14014</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CREDICORP LTD.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Translation of registrant&rsquo;s name
into English)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Clarendon House</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Church Street</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Hamilton HM 11 Bermuda</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive office)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 35%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding: 0; font-size: 10pt; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form 20-F </FONT><FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT></TD>
    <TD STYLE="width: 50%; padding: 0; font-size: 10pt; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form
    40-F <FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<!-- Field: Page; Sequence: 1; Options: NewSection -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><IMG SRC="image_001.gif" ALT="" STYLE="height: 67px; width: 240px"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">March 31<SUP>st</SUP>, 2017</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>SUPERINTENDENCIA DEL MERCADO DE VALORES
&ndash; SMV</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Re.: MATERIAL EVENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dear Sirs:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In accordance with article 28 of the Capital
Markets Law approved by Law N&deg; 093-2002-EF and SMV Resolution for Material Events and Reserved Information and Other Communications
N&deg; 005-2014-SMV-01 (the &ldquo;Resolution&rdquo;), Credicorp Ltd. Complies by notifying you of the following Material Event:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Credicorp&rsquo;s management is providing
its shareholders with some preliminary information regarding the effects of the Fenomeno El Nino (&ldquo;FEN&rdquo; by its Spanish
initials) in Peru, which has primarily affected the northern coast.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Because FEN is still an ongoing phenomenon,
it is difficult to assess its ultimate effect on the Peruvian economy and/or Credicorp. Quantifying FEN&rsquo;s impact on our business
requires the assessment of its effect on our customers&rsquo; debt-service capacity. Such analysis will only be completed some
weeks after the end of FEN.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Currently, Credicorp&rsquo;s management
is able to provide some preliminary information about the impact of FEN.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in; padding: 0; font-size: 10pt; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>A.</B></FONT></TD>
    <TD STYLE="padding: 0; font-size: 10pt; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Macroeconomic impact</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 53.25pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Central Bank of Peru (BCRP), in its
last Inflation Report, published on Friday, March 24th, 2017 reduced its estimate of real GDP growth from 4.3% to 3.5% for year
2017 due to delay in infrastructure projects and the estimated impact of FEN. The following are some important facts regarding
FEN and its expected impact on Peru:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">This year&rsquo;s FEN registers different meteorological characteristics than those of 1983 and
1998, and it is similar to FEN of 1925. As such, comparable macroeconomic or business statistical data is not available.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">The GDP of the northern area of Peru (from Tumbes to Ancash), which is the area most affected by
FEN, represents 14.5% of total Peruvian GDP.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">The impact on the fishing sector is still unknown, but it could result in lower overall capture
for the fishing seasons, and/or the delay of the beginning of the first fishing season, which usually begins in April of each year.
The latter will depend on when the effects of FEN end.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">The Agricultural sector has been affected, with lemon, banana, and sugar cane crops experiencing
the largest impact.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Commerce and Services will be highly affected if roads continue to be blocked.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Infrastructure in the northern area has been severely affected.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">The Peruvian Government has implemented a Reconstruction Plan of S/ 5,500 million (0.8% of GDP)
to address the impact of FEN. The Plan&rsquo;s effectiveness will depend on the current administration&rsquo;s ability and speed
to execute such Plan.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 53.25pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0; text-indent: 0"><B>B.</B></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0"><B>Impact on Credicorp</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 53.25pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in; padding: 0; text-align: justify; font-size: 10pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>B.1</B></FONT></TD>
    <TD STYLE="padding: 0; text-align: justify; font-size: 10pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Impact on Grupo Pacifico (PGA)</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The review of FEN&rsquo;s impact on Credicorp&rsquo;s
insurance business, which was initially assessed last year, indicates that the previous assessment remains unchanged. This is in
part due to caps on maximum losses included in the reinsurance and catastrophic policies. These policies cover both the property
&amp; casualty and the car insurance businesses. Currently, we estimate that FEN may represent a maximum loss between US$4 million
and US$6 million, depending on: 1) the duration of FEN and its effects on Peru; and 2) the degree of severity reached by FEN.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Furthermore, insurance business growth
in the areas hit by FEN could be temporarily affected.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in; padding: 0; text-align: justify; font-size: 10pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>B.2</B></FONT></TD>
    <TD STYLE="padding: 0; text-align: justify; font-size: 10pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Impact on BCP and Mibanco</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 53.25pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in; padding: 0; font-size: 10pt; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>i.</B></FONT></TD>
    <TD STYLE="padding: 0; font-size: 10pt; text-decoration: underline; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B><U>Outstanding portfolio</U>: </B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>Wholesale Banking:</B> Preliminary
analysis indicates that some clients of the loan portfolio in the affected areas could experience some repayment difficulties in
the coming months. Considering the magnitude of FEN, it is reasonable to assume that some clients would be affected to some degree
(damage to their infrastructure and the impact on their own clients and suppliers, among others). Nevertheless, but keeping in
mind the challenge to estimate this potential effect, we do not believe that the impact will be material given the good risk quality
of the business segment&rsquo;s portfolio. Furthermore, the analysis regarding the impact of FEN on our clients&rsquo; debt-service
capacity requires a case-by-case evaluation, a task that has already started and is led by a team composed of risk and front-office
executives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">With regards to loans related
to the fishing sector, this type of FEN tends to affect less than a traditional FEN; therefore, we expect that the impact on industrial
fishing should not be significant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In the case of financing to the
agricultural sector, the current portfolio is composed of loans to agro-exporters and agribusinesses. Most of these clients are
better prepared to cope with such an event as a result of the prevention plans they have carried out to protect their businesses,
because they were expecting FEN to hit Peru last year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>Retail Banking and Mibanco</B>:
Preliminary figures indicate that the loan portfolio in the regions hit by FEN represents approximately S/ 3,900 million, of which
S/ 3,500 million is held by BCP and S/ 400 million is held by Mibanco. This exposed portfolio is composed of small and medium enterprises
(&ldquo;SME-Pyme&rdquo;) and micro-finance loans representing approximately 40% of the portfolio, mortgages representing approximately
31%, credit cards and consumer loans representing approximately 24%, and SME-Business loans representing approximately 5%. We expect
that consumer, SME-Pyme and micro-finance loans (particularly in the commerce and services sectors) will be the most affected.
However, it is still too early to estimate the impact on the debt-service capacity of our customers. It is important to note that
approximately 70% of this exposure is related to clients to whom a relationship manager is assigned, thus, currently the team of
loan officers, in both BCP and Mibanco, is focused on contacting and assisting these clients.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in; padding: 0; font-size: 10pt; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>ii.</B></FONT></TD>
    <TD STYLE="padding: 0; font-size: 10pt; text-decoration: underline; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B><U>Loan origination: </U></B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">BCP and Mibanco have restricted
loan origination in the affected areas, and our sales and collection forces are focused on contacting clients to assess FEN&rsquo;s
impact on them.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in; padding: 0; font-size: 10pt; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>iii.</B></FONT></TD>
    <TD STYLE="padding: 0; font-size: 10pt; text-decoration: underline; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt"><B><U>Skip Programme: </U></B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">BCP and Mibanco have started
the implementation of the Skip Programme initiated last year by the Superintendencia de Banca, Seguros y AFP of Peru. Thus, BCP
and Mibanco are proactively contacting customers to offer the re-scheduling of their debt through measures such as: to suspend
payment of scheduled loan installments for up to six months, and/or extending the tenor of loans for up to an additional one year.
These efforts are intended to allow clients to focus on their immediate personal needs. The re-scheduling option does not imply
a downgrade of the clients&rsquo; risk rating; as such their credit history is protected.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Finally, we expect that the Programme
we are rolling out will allow us to keep losses at a reasonable level considering the magnitude of the event.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The information in this Form 6-K contains
&quot;forward-looking statements,&quot; which are statements related to future, not past, events. Forward-looking statements discuss
our expected future business and financial performance and financial condition, and contain words such as &ldquo;anticipate,&rdquo;
&ldquo;believe,&rdquo; &ldquo;estimate,&rdquo; &ldquo;expect,&rdquo; &ldquo;forecast,&rdquo; &ldquo;indicate,&rdquo; &ldquo;intend,&rdquo;
&ldquo;plan,&rdquo; &ldquo;see,&rdquo; &ldquo;seek,&rdquo; &ldquo;will,&rdquo; or &ldquo;would&rdquo;. Forward-looking statements,
by their nature, address matters that are uncertain, including our discussion of the potential impact of El Ni&ntilde;o on our
businesses, our clients and our financial condition. There are many uncertainties that could cause the actual impact on our businesses,
our clients and our financial condition to be materially different than those expressed in these forward-looking statements, including
those expressed above and the other factors that are described in &ldquo;Risk Factors&rdquo; in our Annual Report on Form 20-F
for the year ended December 31, 2015. These or other uncertainties may cause our actual future results to be materially different
than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The information in this Form 6-K (including
any exhibit hereto) shall not be deemed &ldquo;filed&rdquo; for purposes of Section 18 of the Securities Exchange Act of 1934 (the
&ldquo;Exchange Act&rdquo;) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference
in any filing under the Securities Act of 1933 or the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Sincerely,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 55%; padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">/s/ <U>&nbsp;Guillermo Morales</U>_</FONT></TD>
    <TD STYLE="width: 45%; padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">Legal Representative</FONT></TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">Credicorp Ltd.</FONT></TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 29.7pt">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 29.7pt">Date: March 31<SUP>st</SUP>, 2017</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 29.7pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;CREDICORP LTD.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(Registrant)</P></TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 20%; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 35%; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 10%; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; text-decoration: none; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:
    /s/ Guillermo Morales</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0 0 1pt; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Guillermo
Morales</B></FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Authorized
Representative</B></FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 29.7pt">&nbsp;&nbsp;</P>

<!-- Field: Page; Sequence: 5; Options: Last -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>



<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>image_001.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_001.gif
M1TE&.#EA\ !# '< ,2'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E "'Y
M! $     + $  0#N $( AP          ,P  9@  F0  S   _P S   S,P S
M9@ SF0 SS  S_P!F  !F,P!F9@!FF0!FS !F_P"9  "9,P"99@"9F0"9S "9
M_P#,  #,,P#,9@#,F0#,S #,_P#_  #_,P#_9@#_F0#_S #__S,  #, ,S,
M9C, F3, S#, _S,S #,S,S,S9C,SF3,SS#,S_S-F #-F,S-F9C-FF3-FS#-F
M_S.9 #.9,S.99C.9F3.9S#.9_S/, #/,,S/,9C/,F3/,S#/,_S/_ #/_,S/_
M9C/_F3/_S#/__V8  &8 ,V8 9F8 F68 S&8 _V8S &8S,V8S9F8SF68SS&8S
M_V9F &9F,V9F9F9FF69FS&9F_V:9 &:9,V:99F:9F6:9S&:9_V;, &;,,V;,
M9F;,F6;,S&;,_V;_ &;_,V;_9F;_F6;_S&;__YD  )D ,YD 9ID F9D S)D
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M94GCF#BQT4J$N,)4BIQB0;"8I(=PC)_ZW% *1]6Y&R;(G6;TB#&1.:1ZNF
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3#C5LTLWN=KO[W?".M[P9$A  .P$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
