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SUBSEQUENT EVENT | 12 Months Ended
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Dec. 31, 2017
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34 | SUBSEQUENT EVENT
| i) | Changes in the organization of Credicorp’s companies
In order to optimize the management of the Companies of the Credicorp Group, at the Board of Directors’ of Credicorp held on December 20, 2017, it was agreed to organize the Credicorp companies in four business lines:
| - | Universal Banking, made up of BCP and BCP Bolivia.
| - | Insurance and Pensions, made up of Pacífico Compañía de Seguros y Reaseguros and Prima AFP.
| - | Microfinance, made up of Mibanco and Edyficar.
| - | Investment Banking & Wealth Management, made up of Credicorp Capital Ltd., the Wealth Management team and ASB.
Likewise, Mr. Gianfranco Ferrari was appointed Chief Executive Officer of BCP, replacing Mr. Walter Bayly; and Mr. Walter Bayly was appointed Chief Executive Officer of Credicorp Ltd., replacing Mr. Dionisio Romero. These changes have been effective as of April 1, 2018.
| ii) | Acquisition of the non-controlling interest of Mibanco
On April 18, 2018, Grupo Crédito and BCP acquired the 3.23 percent and 0.06 percent interest held by the minority shareholders of Mibanco, respectively, for approximately S/129.0 million and 2.4 million, respectively. After that, Grupo Crédito and BCP came to have 4.99 percent and 93.66 percent of the capital stock of Mibanco, respectively. These non-controlling interest acquisitions were recorded as an equity transaction.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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