<SEC-DOCUMENT>0001140361-23-018650.txt : 20230417
<SEC-HEADER>0001140361-23-018650.hdr.sgml : 20230417
<ACCEPTANCE-DATETIME>20230417160118
ACCESSION NUMBER:		0001140361-23-018650
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20230417
FILED AS OF DATE:		20230417
DATE AS OF CHANGE:		20230417

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:		23823922

	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>
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<TYPE>6-K
<SEQUENCE>1
<FILENAME>brhc20051494_6k.htm
<DESCRIPTION>6-K
<TEXT>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><b>SECURITIES AND EXCHANGE COMMISSION</b></p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><b>Washington, D.C. 20549</b></p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><b>FORM 6-K</b></p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">Report of Foreign Private Issuer</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">Pursuant to Rule 13a-16 or 15d-16 under the</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">Securities Exchange Act of 1934</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><b>For the month of April 2023</b></p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">Commission File Number: 001-14014</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><b>CREDICORP LTD.</b></p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">(Translation of registrant&#8217;s name into English))</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><b>Of our subsidiary&#160;</b></p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><b>Banco de Credito del Peru: </b></p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><b>Calle Centenario 156 </b></p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><b>La Molina 15026</b></p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><b>Lima, Peru </b></p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">(Address of principal executive office)</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-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>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">Form 20-F &#9746; Form 40-F&#9744;</p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&#160;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): ____</p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&#160;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): ____</p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: Red"><b></b></p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">April 17, 2023</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Securities and Exchange Commission - SEC</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Re.: MATERIAL EVENT</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Credicorp Ltd. (the &#8220;Company&#8221;) notifies you as a Material Event that on April 14, 2023, the company&#8217;s Board of Directors approved its annual audited separate financial
    statements as of and for the year ended December 31, 2022, as well as the opinion of the Company&#8217;s external auditors Gaveglio Aparicio y Asociados Sociedad Civil de Responsabilidad Limitada, representatives in Peru of PricewaterhouseCoopers, which was
    published in the Peruvian market in the form of an Hecho de Importancia (Relevant Fact Notice or &#8220;HdI&#8221;):</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">=================</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">Dear Sirs/Mesdames:</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">As a follow-up on the HdI dated April 12, 2023, Credicorp Ltd. (&#8216;Credicorp&#8217;) notifies you, as a Material Event, that on April 14, 2023, the company&#8217;s Board
    of Directors approved its annual audited separate financial statements as of and for the year ended December 31, 2022, as well as the opinion of the external auditors Gaveglio Aparicio y Asociados Sociedad Civil de Responsabilidad Limitada,
    representatives in Peru of PricewaterhouseCoopers (a copy attached hereto).</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In addition, we inform that such annual audited separate financial statements as of and for the year ended December 31, 2022, will be available to investors
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">Sincerely,</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 35.4pt">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">================================</p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">The information in this Form 6-K (including any exhibit hereto) shall not be deemed &#8220;filed&#8221; for purposes of Section 18 of the Securities Exchange Act of 1934 (the
    &#8220;Exchange Act&#8221;) 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 Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Sincerely,</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">/s/ Guillermo Morales</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; ">Authorized Representative</p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Credicorp Ltd.</p>
  <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px">&#160;</p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><b>SIGNATURE</b></p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.4in">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
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.4in">Date: April 17, 2023</p>
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          <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">CREDICORP LTD.</p>
          <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">(Registrant)&#160;</p>
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        <td>&#160;</td>
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        <td style="width: 50%">&#160;</td>
        <td style="width: 5%">&#160;</td>
        <td style="width: 35%">&#160;</td>
        <td style="width: 10%">&#160;</td>
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        <td><font style="font-family: Arial, Helvetica, Sans-Serif;">By:</font></td>
        <td style="border-bottom: black 1pt solid"><font style="font-family: Arial, Helvetica, Sans-Serif;">/s/ Guillermo Morales</font></td>
        <td>&#160;</td>
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        <td><font style="font-family: Arial, Helvetica, Sans-Serif;"><b>Guillermo Morales</b></font></td>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>brhc20051494_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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  <p style="margin: 0; text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif"><b>Exhibit 99.1</b></font></p>
  <p style="margin: 0; text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif"><b>&#160;</b></font></p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 58pt"><b>&#160;</b></p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 58pt"></p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1in"><b>CREDICORP LTD.</b></p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1in">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1in">SEPARATE FINANCIAL STATEMENTS</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1in">AS OF DECEMBER 31, 2022 AND 2021</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1in">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 1in">(Free translation from the original in Spanish)</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 58pt">&#160;</p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28pt">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28pt"><i></i></p>
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              Asociados Sociedad Civil de Responsabilidad Limitada.</i></font></td>
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        <td style="padding-left: 0.2in"><font style="font-size: 9pt"><i><font style="font-family: 'Times New Roman',Times,serif;">Av. Santo Toribio 143, Piso 7, San Isidro, Lima, Per&#250; T: +51 (1) 211 6500, F: +51 (1) 211-6565 </font><br>
            </i><font style="font-family: 'Times New Roman',Times,serif;">www.pwc.pe</font></font></td>
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  <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.75in"><font style="font-size: 11pt"><b>CREDICORP LTD.</b></font></p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.75in">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.75in">SEPARATE FINANCIAL STATEMENTS</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.75in">AS OF DECEMBER 31, 2022 AND 2021</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">&#160;</p>
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      <tr style="vertical-align: bottom">
        <td style="width: 80%"><font style="font-family: Arial, Helvetica, Sans-Serif">CONTENTS</font></td>
        <td style="width: 10%; text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">Pages</font></td>
      </tr>
      <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
        <td><font style="font-family: Arial, Helvetica, Sans-Serif">Independent auditor&#8217;s report</font></td>
        <td style="text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">1 - 3</font></td>
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        <td>&#160;</td>
        <td style="text-align: right">&#160;</td>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><b><img alt="" src="img002.jpg">&#160;</b></p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 29pt"><b>&#160;</b></p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.6in"><b>(A free translation of the original in Spanish)</b></p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.6in">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.6in"><b>Independent auditor&#8217;s report</b></p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.6in">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.6in">To the Shareholders</p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.6in"><b>Credicorp Ltd.</b></p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.6in">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.6in"><b>Our opinion</b></p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.6in">In our opinion, the separate financial statements present fairly, in all material respects, <font style="font-size: 10pt">the financial position of Credicorp Ltd. (Credicorp) as
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.6in"><b>What we have audited</b></p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.6in">Credicorp&#8217;s financial statements comprise:</p>
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        <td>the separate statement of financial position as at December 31, 2022;</td>
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      <tr style="vertical-align: top">
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        <td>the separate statement of income for the year then ended;</td>
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        <td>the separate statement of comprehensive income for the year then ended;</td>
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        <td>the separate statement of changes in net equity for the year then ended;</td>
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        <td>the separate statement of cash flows for the year then ended; and</td>
      </tr>

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        <td style="padding-right: 38pt">the notes to the separate financial statements, which include a summary of the significant accounting policies.</td>
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  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.6in"><b>Basis for our opinion</b></p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.6in">We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the <i>Auditor's
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.6in">We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.6in">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.6in"><b>Independence</b></p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.6in">We are independent of <font style="font-size: 10pt">Credicorp</font> in accordance with the International Ethics Standards Board for Accountants&#8217; Code of Ethics for Professional
    Accountants (IESBA Code of Ethics) as well as the ethical requirements of the Code of Professional Ethics issued by the Board of Deans of the Institutes of Peruvian Certified Public Accountants, which are relevant for our audit of the separate
    financial statements. We have fulfilled our other ethical responsibilities in accordance with the IESBA Code of Ethics.</p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.6in"><b>Enphasis of matter</b></p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.6in">The separate financial statements of Credicorp have been prepared in compliance with the legal requirements in force in Peru for the presentation of financial information. These
    separate financial statements present the value of the investment in its subsidiaries and associates, under the equity method and not on a consolidated basis; therefore, they should be read together with the consolidated financial statements of
    Credicorp and its subsidiaries, which are reported separately along with our report to date issued with an unqualified opinion.</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.6in">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.6in"></p>
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              Asociados Sociedad Civil de Responsabilidad Limitada.</i></font></td>
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          <p style="margin-top: 0px; margin-bottom: 0px; font-family: 'Times New Roman',Times,serif;"><font style="font-size: 9pt"><i>Av. Santo Toribio 143, Piso 7, San Isidro, Lima, Per&#250; T: +51 (1) 211 6500, F: +51 (1) 211-6565</i></font></p>
          <p style="margin-top: 0px; margin-bottom: 0px; font-family: 'Times New Roman',Times,serif;"><font style="font-size: 9pt"><i>&#160;</i>www.pwc.pe</font></p>
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        <td style="padding-left: 0.2in"><font style="font-size: 8pt">Gaveglio Aparicio y Asociados Sociedad Civil de Responsabilidad Limitada es una firma miembro de la red global de PricewaterhouseCoopers International Limited (PwCIL). Cada una de las
            firmas es una entidad legal separada e independiente que no act&#250;a en nombre de PwCIL ni de cualquier otra firma miembro de la red. Inscrita en la Partida No. 11028527, Registro de Personas Jur&#237;dicas de Lima y Callao</font></td>
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  <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px">&#160;</p>
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  <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><b><img alt="" src="img002.jpg">&#160;</b></p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in"><b>&#160;</b></p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.6in"><b>Our audit approach</b></p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.6in; text-align: justify">An audit is designed to obtain reasonable assurance about whether the separate financial statements are free from material
    misstatement. Misstatements may arise due to error or fraud. These errors are considered material if, individually or in the aggregate, they could reasonably influence the economic decisions that users make based on the separate financial statements.</p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.6in; text-align: justify">The scope of our audit and the nature, timing and extent of our procedures were determined by our risk assessment that the
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.6in; text-align: justify">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.6in">As part of the design of our audit, we determined materiality and assessed the risks of material misstatement in the separate financial
    statements. In particular, we considered situations where management has made critical judgments; for example, in respect of significant accounting estimates that involve making assumptions and considering future events that are inherently uncertain.
    We also addressed the risk of management override of internal controls, including, among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement in the financial statements due to fraud.</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.6in">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.6in"><b>Key Audit Matters (KAM)</b></p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.6in">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.6in">We have determined that there are no Key Audit Matters to communicate in our report.</p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.6in"><b>Other information</b></p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.6in">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.6in">Management is responsible for the other information. The other information comprises the Annual report required by the Peruvian Superintendencia
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.6in">&#160;</p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.6in">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.6in">In connection with our audit of the separate financial statements, our responsibility is to read the other information identified above and, in
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.6in">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.6in">If, based on the work we have performed, we conclude that there is a material misstatement therein, we are required to communicate the matter to
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.6in">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.6in"><b>Responsibilities of management and those charged with corporate governance for the separate financial statements</b></p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.6in">Management is responsible for the preparation and fair presentation of the separate financial statements in accordance with the International
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  <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px">&#160;</p>
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  <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0"><img alt="" src="img002.jpg">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 8pt 0pt 0.5in; text-indent: -0.05pt">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.6in; text-indent: 0">In preparing the separate financial statements, Management is responsible for assessing the <font style="font-size: 10pt">Credicorp&#8217;s ability to continue as a
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.6in; text-indent: 0">Those charged with corporate governance of <font style="font-size: 10pt">Credicorp</font> are responsible for overseeing the <font style="font-size: 10pt">Credicorp</font>&#8217;s







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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.6in; text-indent: 0">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.6in; text-indent: 0"><b>Auditor&#8217;s responsibilities for the audit of the separate financial statements</b></p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.6in; text-indent: 0">Our objectives are to obtain reasonable assurance about whether the separate financial statements as a whole are free from material misstatement, whether due to
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.6in; text-indent: 0">&#160;</p>
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        <td style="padding-right: 7pt">Identify and assess the risks of material misstatement of the separate financial statements, whether due to fraud or error; and design and perform audit procedures responsive to those risks and obtain audit evidence
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        <td>Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of Credicorp&#8217;s internal
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        <td>Conclude on the appropriateness of management&#8217;s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the
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        <td style="padding-right: 10pt">Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.6in; text-indent: 0">Gustavo Villafana</p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><b>SEPARATE STATEMENT OF FINANCIAL POSITION</b></p>
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        <tr style="vertical-align: bottom">
          <td style="padding-bottom: 2px">&#160;</td>
          <td style="padding-bottom: 2px">&#160;</td>
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          <td style="font-weight: bold; border-bottom: Black 2px solid" colspan="6">At December 31,</td>
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          <td>&#160;</td>
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          <td>&#160;</td>
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          <td style="text-align: left">&#160;</td>
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          <td style="text-align: left">&#160;</td>
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          <td style="text-align: right">&#160;</td>
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          <td style="text-align: right">&#160;</td>
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          <td>&#160;</td>
          <td style="text-align: center">&#160;</td>
          <td style="text-align: left">&#160;</td>
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          <td style="text-align: left">&#160;</td>
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          <td style="text-align: right">&#160;</td>
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          <td style="text-align: left">&#160;</td>
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          <td>&#160;</td>
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          <td style="text-align: left">&#160;</td>
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        <tr style="vertical-align: bottom">
          <td style="padding-bottom: 2px">&#160;</td>
          <td style="padding-bottom: 2px">&#160;</td>
          <td style="padding-bottom: 2px">&#160;</td>
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          <td>&#160;</td>
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          <td style="text-align: left">&#160;</td>
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          <td style="text-align: right">&#160;</td>
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          <td>&#160;</td>
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          <td style="text-align: left">&#160;</td>
          <td>&#160;</td>
          <td style="text-align: left">&#160;</td>
          <td style="text-align: right">&#160;</td>
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          <td>&#160;</td>
          <td style="text-align: center">&#160;</td>
          <td style="text-align: left">&#160;</td>
          <td>&#160;</td>
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          <td style="text-align: right">&#160;</td>
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        <td style="text-align: center; padding-bottom: 2px">&#160;</td>
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        <td>&#160;</td>
        <td style="text-align: center">&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">&#160;</td>
        <td style="text-align: left; padding-bottom: 1pt">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">&#160;</td>
        <td style="text-align: left; padding-bottom: 1pt">&#160;</td>
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        <td>&#160;</td>
        <td style="text-align: center">&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">&#160;</td>
        <td style="text-align: left; padding-bottom: 1pt">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
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        <td>&#160;</td>
        <td style="text-align: center">&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">&#160;</td>
        <td style="text-align: left; padding-bottom: 1pt">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">&#160;</td>
        <td style="text-align: left; padding-bottom: 1pt">&#160;</td>
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        <td style="text-align: center">&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">&#160;</td>
        <td style="text-align: left; padding-bottom: 1pt">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">&#160;</td>
        <td style="text-align: left; padding-bottom: 1pt">&#160;</td>
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      <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
        <td>&#160;</td>
        <td>&#160;</td>
        <td style="text-align: center">&#160;</td>
        <td style="text-align: left">&#160;</td>
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        <td style="text-align: right">&#160;</td>
        <td style="text-align: left; padding-bottom: 1pt">&#160;</td>
        <td>&#160;</td>
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        <td style="text-align: right">&#160;</td>
        <td style="text-align: left; padding-bottom: 1pt">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">&#160;</td>
        <td style="text-align: left; padding-bottom: 1pt">&#160;</td>
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        <td>&#160;</td>
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        <td style="text-align: center">&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">&#160;</td>
        <td style="text-align: left; padding-bottom: 1pt">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">&#160;</td>
        <td style="text-align: left; padding-bottom: 1pt">&#160;</td>
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        <td style="text-align: left">&#160;</td>
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        <td style="text-align: right">&#160;</td>
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        <td>&#160;</td>
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        <td>&#160;</td>
        <td style="text-align: center">&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td>&#160;</td>
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        <td style="text-align: right">&#160;</td>
        <td style="text-align: left; padding-bottom: 1pt">&#160;</td>
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        <td style="text-align: left">&#160;</td>
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        <td>&#160;</td>
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        <td>&#160;</td>
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        <td>&#160;</td>
        <td style="text-align: center">&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">&#160;</td>
        <td style="text-align: left; padding-bottom: 1pt">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><b>SEPARATE STATEMENT OF COMPREHENSIVE INCOME</b></p>
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        <td>&#160;</td>
        <td style="text-align: center">&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td>&#160;</td>
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        <td style="text-align: right">&#160;</td>
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        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
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        <td>&#160;</td>
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        <td style="text-align: right">&#160;</td>
        <td style="text-align: left; padding-bottom: 1pt">&#160;</td>
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        <td style="text-align: right">&#160;</td>
        <td style="text-align: left; padding-bottom: 1pt">&#160;</td>
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        <td>&#160;</td>
        <td>&#160;</td>
        <td style="text-align: center">&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">&#160;</td>
        <td style="text-align: left; padding-bottom: 1pt">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">&#160;</td>
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        <td style="text-align: right">&#160;</td>
        <td style="text-align: left; padding-bottom: 1pt">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">&#160;</td>
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        <td>&#160;</td>
        <td>&#160;</td>
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        <td style="text-align: left">&#160;</td>
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        <td>&#160;</td>
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        <td>&#160;</td>
        <td style="text-align: center">&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">&#160;</td>
        <td style="text-align: left; padding-bottom: 1pt">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">&#160;</td>
        <td style="text-align: left; padding-bottom: 1pt">&#160;</td>
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        <td>&#160;</td>
        <td style="text-align: center">&#160;</td>
        <td style="text-align: left">&#160;</td>
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        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">(805,815</td>
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        <td>&#160;</td>
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      <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
        <td>&#160;</td>
        <td>&#160;</td>
        <td style="text-align: center">&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">&#160;</td>
        <td style="text-align: left; padding-bottom: 1pt">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">&#160;</td>
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        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
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        <td style="text-align: left">&#160;</td>
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        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">&#160;</td>
        <td style="text-align: left">&#160;</td>
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        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">&#160;</td>
        <td style="text-align: left">&#160;</td>
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        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">&#160;</td>
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        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">&#160;</td>
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        <td style="width: 6%; text-align: right">1,666,481</td>
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        <td style="text-align: left">&#160;</td>
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        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">-</td>
        <td style="text-align: left">&#160;</td>
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        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">-</td>
        <td style="text-align: left">&#160;</td>
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        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">-</td>
        <td style="text-align: left">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
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        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">-</td>
        <td style="text-align: left">&#160;</td>
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        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">-</td>
        <td style="text-align: left">&#160;</td>
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        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">-</td>
        <td style="text-align: left">&#160;</td>
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        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
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        <td style="text-align: left">&#160;</td>
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        <td style="text-align: left">&#160;</td>
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        <td style="text-align: left">&#160;</td>
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        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">-</td>
        <td style="text-align: left">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">-</td>
        <td style="text-align: left">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
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        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
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        <td style="text-align: left">&#160;</td>
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        <td>&#160;</td>
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        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">-</td>
        <td style="text-align: left">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">-</td>
        <td style="text-align: left">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">-</td>
        <td style="text-align: left">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">-</td>
        <td style="text-align: left">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">-</td>
        <td style="text-align: left">&#160;</td>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">The attached notes from page 10 to 39 are part of the separate financial statements.</p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><b>CREDICORP LTD. </b></p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><b>SEPARATE STATEMENT OF CASH FLOWS</b></p>
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        <td>&#160;</td>
        <td style="text-align: center">&#160;</td>
        <td style="text-align: left">&#160;</td>
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        <td style="text-align: right">&#160;</td>
        <td style="text-align: left; padding-bottom: 1pt">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">&#160;</td>
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        <td>&#160;</td>
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        <td style="text-align: left">&#160;</td>
        <td>&#160;</td>
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        <td style="text-align: right">&#160;</td>
        <td style="text-align: left; padding-bottom: 1pt">&#160;</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td style="text-align: right">&#160;</td>
        <td style="text-align: left; padding-bottom: 1pt">&#160;</td>
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        <td>&#160;</td>
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        <td>&#160;</td>
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        <td>&#160;</td>
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        <td style="text-align: right">&#160;</td>
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        <td style="text-align: right">&#160;</td>
        <td style="text-align: left; padding-bottom: 1pt">&#160;</td>
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        <td style="text-align: right">&#160;</td>
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        <td>&#160;</td>
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        <td>&#160;</td>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.1pt"><b>CREDICORP LTD. </b></p>
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        <td style="text-align: left; padding-bottom: 2px">&#160;</td>
        <td style="text-align: left; padding-bottom: 2px">&#160;</td>
        <td style="text-align: left; padding-bottom: 2px">&#160;</td>
        <td style="text-align: left; padding-bottom: 2px">&#160;</td>
        <td style="text-align: left; padding-bottom: 2px">&#160;</td>
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        <td style=" text-align: left; padding-bottom: 2px">&#160;</td>
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        <td style=" text-align: left; padding-bottom: 2px">&#160;</td>
        <td style=" text-align: left; padding-bottom: 2px">&#160;</td>
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        <td style="text-align: left; width: 1%">&#160;</td>
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        <td style="text-align: left; width: 1%">&#160;</td>
        <td style="text-align: right; width: 10%">&#160;</td>
        <td style="text-align: left; width: 1%">&#160;</td>
        <td style="width: 1%">&#160;</td>
        <td style="text-align: left; width: 1%">&#160;</td>
        <td style="text-align: right; width: 10%">&#160;</td>
        <td style="text-align: left; width: 1%">&#160;</td>
        <td style="width: 1%">&#160;</td>
        <td style="text-align: left; width: 1%">&#160;</td>
        <td style="text-align: right; width: 10%">&#160;</td>
        <td style="text-align: left; width: 1%">&#160;</td>
        <td style="width: 1%">&#160;</td>
        <td style="text-align: left; width: 1%">&#160;</td>
        <td style="text-align: right; width: 10%">&#160;</td>
        <td style="text-align: left; width: 1%">&#160;</td>
        <td style="width: 1%">&#160;</td>
        <td style="text-align: left; width: 1%">&#160;</td>
        <td style="text-align: right; width: 9%">&#160;</td>
        <td style="text-align: left; width: 1%">&#160;</td>
        <td style="width: 1%">&#160;</td>
        <td style="text-align: left; width: 1%">&#160;</td>
        <td style="text-align: right; width: 9%">&#160;</td>
        <td style="text-align: left; width: 1%">&#160;</td>
        <td style="width: 1%">&#160;</td>
        <td style="text-align: left; width: 1%">&#160;</td>
        <td style="text-align: right; width: 9%">&#160;</td>
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        <td style="text-align: left">&#160;</td>
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        <td style="text-align: left">)</td>
        <td>&#160;</td>
        <td style="text-align: left">&#160;</td>
        <td style="text-align: right; border-top: Black 2px double; border-bottom: Black 4px double">1,980,311</td>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">The attached notes from page 10 to 39 are part of the separate financial statements.</p>
  <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px">&#160;</p>
  <div class="BRPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">NOTES TO THE SEPARATE FINANCIAL STATEMENTS</font></p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">AS OF DECEMBER 31, 2022 AND 2021</font></p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
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      <tr style="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif">
        <td style="width: 0; font: 10pt Arial, Helvetica, Sans-Serif"></td>
        <td style="width: 0.5in; font: 10pt Arial, Helvetica, Sans-Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>1</b></font></td>
        <td style="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>OPERATIONS </b></font></td>
      </tr>

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  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
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      incorporated in Bermuda in 1995. Its objective is to act as a holding company and according to Bermuda&#8217;s economic substance regulation, Credicorp Ltd. as an independent legal entity, is considered a &#8220;Pure Equity Holding Entity&#8221; </font><font style="font-family: Arial, Helvetica, Sans-Serif">(PEHE). Credicorp&#8217;s activity is to maintain equity interests and receive passive income such as dividends, capital gains and other income from investments in securities.</font></p>
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      with the new legislation on economic substance approved by the Government of Bermuda on January 11, 2019, as of October 29, 2020, the decisions of the Credicorp Board of Directors will be limited to issues related to Credicorp&#8217;s strategy, objectives
      and goals, main action plans and policies, risk control and management, annual budgets, business plans and control of their implementation, supervision of the main expenses, investments, acquisitions and disposals, among other &#8220;passive&#8221; decisions
      related to Credicorp. The authority to make decisions applicable to Credicorp&#8217;s subsidiaries, such as the adoption of relevant strategic or management decisions, the assumption of expenses for the benefit of its affiliates, the coordination of
      Credicorp Ltd. activities, and the granting of credit facilities in favor of its affiliates, it has been transferred to Grupo Cr&#233;dito SA, a subsidiary of Credicorp.</font></p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Credicorp, through its banking and non-banking subsidiaries and its
      associate Entidad Prestadora de Salud, offers a wide range of financial, insurance and health services and products, mainly throughout Per&#250; and in other countries (see note 3(h)). Its main subsidiary is Banco de Cr&#233;dito del Per&#250; (hereinafter &#8220;BCP&#8221; or
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
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      the main offices from where Credicorp&#8217;s businesses are managed are located at Calle Centenario N&#176; 156, La Molina, Lima, Per&#250;.</font></p>
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      year then ended were approved by the Board of Directors on February 24, 2022 and presented to the General Shareholders&#8217; Meeting on March 29, 2022. The separate financial statements as of December 31, 2022, and for the year ended on that date were
      approved and authorized for issuance by the Board of Directors and Management on February 23, 2023, and will be presented for final approval in the General Shareholders&#8217; Meeting, which will be held within the deadlines established by law. Management
      consider that they will be approved without amendments.</font></p>
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  <div class="BRPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
    <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-family: Arial, Helvetica, 'sans-serif'; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;">- 10 -</font></div>
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      <tr style="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif">
        <td style="width: 0; font: 10pt Arial, Helvetica, Sans-Serif"></td>
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      </tr>

  </table>
  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
  <table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif">
        <td style="width: 0.5in; font: 10pt Arial, Helvetica, Sans-Serif"></td>
        <td style="width: 0.25in; font: 10pt Arial, Helvetica, Sans-Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">a)</font></td>
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      </tr>

  </table>
  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
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      significant transactions of acquisitions, incorporation or mergers of companies. In 2021, the following significant transactions have been carried out under common control:</font></p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.75in; text-align: justify"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
  <table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif">
        <td style="width: 0.75in; font: 10pt Arial, Helvetica, Sans-Serif"></td>
        <td style="width: 0.25in; font: 10pt Arial, Helvetica, Sans-Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">i)</font></td>
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      </tr>

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  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
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      November 27, 2020, the shareholders of ASB Bank Corp. approved the merger by absorption of Atlantic Security Bank. This operation was authorized by the Superintendency of Banks of Panama through Resolution SBP-033-2021 held on April 9, 2021. Also, on
      August 2, 2021, ASB Bank Corp. (absorbing entity) acquired all the assets, liabilities, rights and obligations of Atlantic Security Bank (absorbed entity).</font></p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1in; text-align: justify"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
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        <td style="width: 0.25in; font: 10pt Arial, Helvetica, Sans-Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">ii)</font></td>
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      company and sole shareholder of Ultralat Capital Markets, LLC and of Credicorp Capital Securities, Inc. approved the merger by absorption process between Ultralat Capital Markets, LLC and Credicorp Capital Securities, Inc. It also agreed that, as of
      the date of the merger, the legal name of the new merged entity will be &#8220;Credicorp Capital LLC.&#8221; This operation was authorized by the Financial Industry Regulatory Authority (FINRA) of the United States on December 4, 2020. Likewise, on February 1,
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      </tr>

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        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif;">&#160;</td>
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        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif;"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
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        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif;">&#160;</td>
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      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: rgb(204,238,255)">
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        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
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        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
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        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
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      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: White">
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        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
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        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
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        <td style="width: 1%; text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="width: 1%; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
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        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
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      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: White">
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        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
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        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,766,948</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
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      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: rgb(204,238,255)">
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        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">48,952,540</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
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      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: White">
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Loans, net</font></td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">140,753,972</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">139,120,104</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
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      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: rgb(204,238,255)">
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Property, furniture and equipment, net</font></td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,281,098</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,308,779</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
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      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: White">
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        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
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        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2,710,080</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
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      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: rgb(204,238,255)">
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Right-of-use assets, net</font></td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
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        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">586,417</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
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      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: White">
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        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">10,558,357</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">11,081,132</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
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      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: rgb(204,238,255)">
        <td style="font: bold 10pt Arial,Helvetica,sans-serif; text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Total assets</font></td>
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        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif; border-top: Black 2px solid; border-bottom: Black 4px double"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif; border-top: Black 2px solid; border-bottom: Black 4px double"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">244,846,740</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
      </tr>
      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: White">
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
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        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
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      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: White">
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Deposits and obligations</font></td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">147,020,787</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
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        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
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      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: rgb(204,238,255)">
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Payables from repurchase agreements and securities lending</font></td>
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        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">12,966,725</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">22,013,866</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
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      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: White">
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Due to banks and correspondents</font></td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">8,937,411</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">7,212,946</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
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      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: rgb(204,238,255)">
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Technical reserves for insurance claims and premiums</font></td>
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        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">11,990,959</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">12,534,511</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
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      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: White">
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Bonds and notes issued</font></td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">17,007,194</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
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        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
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      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: rgb(204,238,255)">
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Other liabilities</font></td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">9,250,824</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">8,628,287</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
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      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: White">
        <td style="font: bold 10pt Arial,Helvetica,sans-serif; text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Total liabilities</font></td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif; border-top: Black 2px solid; border-bottom: Black 4px double"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
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        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif; border-top: Black 2px solid; border-bottom: Black 4px double"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif; border-top: Black 2px solid; border-bottom: Black 4px double"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">217,809,301</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
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      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: rgb(204,238,255)">
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
      </tr>
      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: White">
        <td style="font: bold 10pt Arial,Helvetica,sans-serif; text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Equity, net</font></td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">29,579,709</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">27,037,439</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
      </tr>
      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: rgb(204,238,255)">
        <td style="font: bold 10pt Arial,Helvetica,sans-serif; text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Total liabilities and net equity</font></td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif; border-top: Black 2px solid; border-bottom: Black 4px double"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif; border-top: Black 2px solid; border-bottom: Black 4px double"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">236,753,609</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif; border-top: Black 2px solid; border-bottom: Black 4px double"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif; border-top: Black 2px solid; border-bottom: Black 4px double"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">244,846,740</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
      </tr>
      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: White">
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
      </tr>
      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: rgb(204,238,255)">
        <td style="font: bold 10pt Arial,Helvetica,sans-serif; text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Consolidated statements of income</font></td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
      </tr>
      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: White">
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
      </tr>
      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: rgb(204,238,255)">
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        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
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        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"></td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
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        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
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      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: White">
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Provision for credit losses on loan</font></td>
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        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
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      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: rgb(204,238,255)">
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">portfolio, net of recoveries</font></td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
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        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(1,212,223</font></td>
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      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: White">
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Total other income</font></td>
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        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
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        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">4,929,717</font></td>
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      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: rgb(204,238,255)">
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Total insurance underwriting result</font></td>
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        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">661,598</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(3,721</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">)</td>
      </tr>
      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: White">
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
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      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: rgb(204,238,255)">
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Total other expenses</font></td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(8,620,615</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">)</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(7,740,561</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">)</td>
      </tr>
      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: White">
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
      </tr>
      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: rgb(204,238,255)">
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Income tax</font></td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(2,110,501</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">)</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(1,660,987</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">)</td>
      </tr>
      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: White">
        <td style="font: bold 10pt Arial,Helvetica,sans-serif; text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Net profit</font></td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif; border-top: Black 2px solid; border-bottom: Black 4px double"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif; border-top: Black 2px solid; border-bottom: Black 4px double"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">4,745,388</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif; border-top: Black 2px solid; border-bottom: Black 4px double"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif; border-top: Black 2px solid; border-bottom: Black 4px double"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">3,671,829</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
      </tr>
      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: rgb(204,238,255)">
        <td style="font: bold 10pt Arial,Helvetica,sans-serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif; border-top: Black 2px solid">&#160;</td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif; border-top: Black 2px solid">&#160;</td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif; border-top: Black 2px solid">&#160;</td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif; border-top: Black 2px solid">&#160;</td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
      </tr>
      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: White">
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Attributable to:</font></td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
      </tr>
      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: rgb(204,238,255)">
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Shareholders of Credicorp Ltd.</font></td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">4,633,096</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">3,584,582</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
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      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: White">
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Non-controlling interest</font></td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">112,292</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: right; font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">87,247</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
      </tr>
      <tr style="vertical-align: bottom; font: 10pt Arial,Helvetica,sans-serif; background-color: rgb(204,238,255)">
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif; border-top: Black 2px solid; border-bottom: Black 4px double"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
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        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
        <td style="font: 10pt Arial,Helvetica,sans-serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif; border-top: Black 2px solid; border-bottom: Black 4px double"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></td>
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        <td style="text-align: left; font: 10pt Arial,Helvetica,sans-serif">&#160;</td>
      </tr>

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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"></p>
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      <tr style="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif">
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      that are measured based on the equity method.</font></p>
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      <tr style="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif">
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      </tr>

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      <tr style="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif">
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      contract and the assignment of other costs directly required to comply with the contracts. Prior recognizing a separate provision for the onerous contract, the entity will recognize any loss for impairment that occurred relative to the assets used to
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      <tr style="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif">
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        <td style="width: 0.25in; font: 10pt Arial, Helvetica, Sans-Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(iii)</font></td>
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      <tr style="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif">
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  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
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      <tr style="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif">
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        <td style="width: 0.25in; font: 10pt Arial, Helvetica, Sans-Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</font></td>
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      <tr style="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif">
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      <tr style="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif">
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        <td style="width: 0.25in; font: 10pt Arial, Helvetica, Sans-Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</font></td>
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      <tr style="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif">
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      <tr style="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif">
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      </tr>

  </table>
  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
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  <table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif">
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        <td style="width: 0.25in; font: 10pt Arial, Helvetica, Sans-Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">d)</font></td>
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  </table>
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      <tr style="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif">
        <td style="width: 0.75in; font: 10pt Arial, Helvetica, Sans-Serif"></td>
        <td style="width: 0.25in; font: 10pt Arial, Helvetica, Sans-Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</font></td>
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  <table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif">
        <td style="width: 0.75in; font: 10pt Arial, Helvetica, Sans-Serif"></td>
        <td style="width: 0.25in; font: 10pt Arial, Helvetica, Sans-Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</font></td>
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      </tr>

  </table>
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      <tr style="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif">
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      consideration of the time value of money and the credit risk. If the contractual terms introduce risk exposure or cash flow volatility, such as the exposure to changes in the prices of capital instruments or the prices of raw materials, the financial
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      <tr style="vertical-align: top">
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      <tr style="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif">
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      <tr style="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif">
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      </tr>

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  <div class="BRPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
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      recognition of the profit and losses thereof on different bases.</font></p>
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      the Company&#8217;s operations and demonstrable against third parties. Therefore, a change in the Company&#8217;s business model will take place only when it starts or stop carrying out an activity that is significant for its operations. The financial
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        <td style="width: 0.25in; font: 10pt Arial, Helvetica, Sans-Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">e)</font></td>
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      pay the received cash flows in full without material delay to a third party under a &#8220;pass-through&#8221; arrangement; and either the Company has transferred substantially all the risks and rewards of the asset, or the Company has neither transferred nor
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      asset or has entered into a pass-through arrangement, it evaluates if and to what extent it has retained the risks and rewards of ownership. When it has neither transferred nor retained substantially all of the risks and rewards of the asset, nor
      transferred control of the asset, the Company continues to recognize the transferred asset to the extent of the Company&#8217;s continuing involvement.</font></p>
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      liability is discharged, cancelled or expires. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such exchange or
      modification is treated as a withdrawal of the original liability and the recognition of a new liability; the difference between the carrying amount of the original financial liability and the consideration paid is recognized in the separate
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      <tr style="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif">
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        <td style="width: 0.25in; font: 10pt Arial, Helvetica, Sans-Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">f)</font></td>
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      reported in the separate statement of financial position when there is a legally enforceable right to offset the recognized amounts and Management has the intention to settle on a net basis, or realize the asset and settle the liability
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      <tr style="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif">
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        <td style="width: 0.25in; font: 10pt Arial, Helvetica, Sans-Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">g)</font></td>
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      <tr style="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif">
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        <td style="width: 0.25in; font: 10pt Arial, Helvetica, Sans-Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</font></td>
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      <tr style="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif">
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        <td style="width: 0.25in; font: 10pt Arial, Helvetica, Sans-Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</font></td>
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  <div class="BRPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
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        <td style="width: 0.25in; font: 10pt Arial, Helvetica, Sans-Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">h)</font></td>
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        <td style="width: 0.25in; font: 10pt Arial, Helvetica, Sans-Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</font></td>
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      <tr style="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif">
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      <tr style="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif">
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        <td style="width: 0.25in; font: 10pt Arial, Helvetica, Sans-Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</font></td>
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      </tr>

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  <table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif">
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        <td style="width: 0.25in; font: 10pt Arial, Helvetica, Sans-Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</font></td>
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      <tr style="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif">
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      </tr>

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        <td><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Grupo Cr&#233;dito is a company whose main activities are to carry out management and administration activities of the subsidiaries of Credicorp Ltd. and invest in shares
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        <td style="text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
        <td style="text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
        <td style="text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
        <td style=" text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td style=" text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td style=" text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
        <td style=" text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td style=" text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td style=" text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td style=" text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td style=" text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td style=" text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
        <td><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
        <td style="text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
        <td style="text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td style="text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
        <td style="text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
        <td style="text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td style="text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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      <tr style="vertical-align: top">
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      </tr>

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        <td style="width: 21.6pt"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">d)</font></td>
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  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
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      <tr style="vertical-align: top">
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        <td style="padding-right: 17pt"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Atlantic Security Holding Corporation (hereinafter &#8220;ASHC&#8221;) is an entity established in the Cayman Islands, its most important subsidiary being
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            BCP&#8217;s Peruvian clients.</font></td>
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  <table width="100%" cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top">
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        <td style="width: 0.25in"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(iv)</font></td>
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  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
  <table width="100%" cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top">
        <td style="width: 0"></td>
        <td style="width: 0.25in"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(v)</font></td>
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  <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></p>
  <div class="BRPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
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  <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></p>
  <table width="100%" cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top">
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            its own account or for the account of third parties in companies and other entities providing financial services, exercising or determining the management, administration, control and representation thereof, both nationally and abroad, for
            which it can invest in capital markets, insurance, asset management, pension funds and other related financial and/or stock exchange products. Its main Subsidiary is Banco de Cr&#233;dito de Bolivia (hereinafter &#8220;BCB&#8221;), a commercial bank which
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      <tr style="vertical-align: top">
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        <td style="width: 0.25in"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">i)</font></td>
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      in the amount of the related temporary differences, due to a change in the income tax rate. In this case, the resulting change in deferred tax, corresponding to the change in rate, will be recognized in profit or loss, except to the extent that it
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      deferred assets and the carrying amount of recognized deferred assets.</font></p>
  <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></p>
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    <div class="BRPFPageBreak" style="PAGE-BREAK-AFTER: always"><font style="font-family: Arial, Helvetica, Sans-Serif">
        <hr noshade="noshade" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"></font></div>
  </div>
  <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></p>
  <table width="100%" cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top">
        <td style="width: 0"></td>
        <td style="width: 0.25in"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">l)</font></td>
        <td style="text-align: justify; padding-right: 194pt"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Derivative financial instruments and hedge accounting -</font></td>
      </tr>

  </table>
  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
  <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9pt 0pt 0.25in"><font style="font: 10pt Arial, Helvetica, Sans-Serif">Trading -</font></p>
  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&#160;</p>
  <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9pt 0pt 0.25in"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Credicorp Ltd. negotiates derivative financial instruments in order to meet its costumers needs.
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  <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9pt 0pt 0.25in"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
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      financial position and subsequently are remeasured at fair value. Fair values are estimated based on the market exchange and interest rates. All derivatives are carried as assets when fair value is positive and as liabilities when fair value is
      negative. Gain and losses for changes in their fair value are recorded in the separate statement of income.</font></p>
  <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4pt 0pt 0.25in"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
  <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Hedging -</font></p>
  <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
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      currency. To manage particular risks, Credicorp Ltd. applies hedge accounting for transactions which meet the specified criteria.</font></p>
  <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 23pt 0pt 0.25in"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
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  <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 16pt 0pt 0.25in; text-align: justify"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
  <table width="100%" cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top">
        <td style="width: 17.4pt"></td>
        <td style="width: 17.6pt"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</font></td>
        <td><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">At the inception of the hedging relationship, there is a designation and formal documentation of the hedging relationship and the entity&#8217;s risk management objective and
            strategy for undertaking the hedging. That documentation will include identification of the hedging instrument, the hedged item, the nature of the risk being hedged, and how the entity will assess whether the hedging relationship meets hedge
            effectiveness requirements.</font></td>
      </tr>

  </table>
  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></p>
  <table width="100%" cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top">
        <td style="width: 17.4pt"></td>
        <td style="width: 17.6pt"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</font></td>
        <td style="text-align: justify"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The hedge relationship meets all of the following hedge effectiveness requirements:</font></td>
      </tr>

  </table>
  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
  <table width="100%" cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top">
        <td style="width: 0.5in"></td>
        <td style="width: 0.25in"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</font></td>
        <td style="text-align: justify"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">There is an economic relationship between the hedged item and the hedging instrument.</font></td>
      </tr>

  </table>
  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></p>
  <table width="100%" cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top">
        <td style="width: 0.5in"></td>
        <td style="width: 0.25in"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</font></td>
        <td style="text-align: justify; padding-right: 10pt"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The effect of credit risk does not predominate over the changes in value that come from the economic relationship.</font></td>
      </tr>

  </table>
  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></p>
  <table width="100%" cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top">
        <td style="width: 0.5in"></td>
        <td style="width: 0.25in"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</font></td>
        <td style="padding-right: 5pt"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The coverage ratio of the hedging relationship is the same as that derived from the amount of the hedged item that the entity actually hedges
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      </tr>

  </table>
  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
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  <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9pt 0pt 0.25in"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
  <table width="100%" cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top">
        <td style="width: 21.4pt"></td>
        <td style="width: 0.25in"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">i)</font></td>
        <td style="text-align: justify"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Cash flow hedges -</font></td>
      </tr>

  </table>
  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
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  <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35pt"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
  <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10pt 0pt 35pt; text-align: justify"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The part of the gain or loss in derivatives that represents the ineffective
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  <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10pt 0pt 35pt; text-align: justify"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
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  <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></p>
  <div class="BRPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
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    <div class="BRPFPageBreak" style="PAGE-BREAK-AFTER: always"><font style="font-family: Arial, Helvetica, Sans-Serif">
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  <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></p>
  <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2pt 0pt 0.25in"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">If the forecasted transaction or firm commitment is no longer expected to occur, the accumulated gain
      or loss previously recognized in the cash flow hedge reserve is transferred to the separate statement of income. If the hedging instrument expires or is sold, terminated or exercised without replacement or rollover, or if its designation as a hedge
      is revoked, any unrealized accumulated gain or loss previously in the cash flow hedge reserve remains in said reserve until the planned transaction or firm commitment affects profit or loss. At the same time, the derivative is recorded as a trading
      derivative.</font></p>
  <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2pt 0pt 0.25in"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
  <table width="100%" cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top">
        <td style="width: 0"></td>
        <td style="width: 0.25in"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">ii)</font></td>
        <td style="text-align: justify"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Fair value hedges -</font></td>
      </tr>

  </table>
  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
  <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 8pt 0pt 0.25in"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The change in the fair value of a fair value hedge and the change in the fair value of the hedged
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  <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 8pt 0pt 0.25in"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
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      amount of these items, as a result of discontinuation of the hedge, will be amortized through the separate statement of income over the remaining life of the hedge. Amortization may begin as soon as an adjustment exists and no later than when the
      hedged item ceases to be adjusted for changes in its fair value attributable to the risk being hedged.</font></p>
  <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
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  <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
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      exercised, or when the hedge no longer meets the criteria for hedge accounting, the hedge relationship is terminated. For fair value hedges related to items recorded at amortized cost, the difference between the carrying value of the hedged item on
      termination and the face value is amortized over the remaining term of the original hedge using the effective interest rate. If the hedged item is derecognized, the unamortized fair value adjustment is recognized immediately in the separate statement
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  <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3pt 0pt 0.25in"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
  <table width="100%" cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top">
        <td style="width: 0"></td>
        <td style="width: 0.25in"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">iii)</font></td>
        <td style="text-align: justify"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Hedges of net investments in foreign businesses -</font></td>
      </tr>

  </table>
  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
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  <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2pt 0pt 0.25in; text-align: justify"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
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  <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0.25in"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
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  <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></p>
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    <div class="BRPFPageBreak" style="PAGE-BREAK-AFTER: always"><font style="font-family: Arial, Helvetica, Sans-Serif">
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  <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></p>
  <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%">

      <tr style="vertical-align: top">
        <td style="width: 0in"></td>
        <td style="width: 0.25in; text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">m)</font></td>
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      </tr>

  </table>
  <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</font></p>
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  <table width="100%" cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top">
        <td style="width: 18pt"></td>
        <td style="width: 17pt"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</font></td>
        <td style="text-align: justify"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">In the principal market for the asset or liability, or</font></td>
      </tr>

  </table>
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  <table width="100%" cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top">
        <td style="width: 18pt"></td>
        <td style="width: 17pt"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</font></td>
        <td style="text-align: justify"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">In the absence of a principal market, in the most advantageous market for the asset or liability.</font></td>
      </tr>

  </table>
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      </tr>

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        <td style="text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
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        <td style="text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
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        <td style="text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">200,867</font></td>
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        <td><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td style="text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
        <td><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td style="text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
        <td style="text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
        <td><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td style="text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
        <td style="text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
        <td><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
        <td style="text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
        <td style="text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
        <td><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td style=" text-align: left; padding-bottom: 1pt"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td style=" text-align: left; padding-bottom: 1pt"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td style=" text-align: left; padding-bottom: 1pt"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td style=" text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td style=" text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
        <td style=" text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td style=" text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td style="text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
        <td style="text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
        <td><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td style="text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
        <td><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
        <td style="text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
        <td style="text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
        <td><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td style="text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
        <td><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td style="text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
        <td><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td style="text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td style="text-align: left; padding-bottom: 1pt"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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      <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
        <td style="text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Atlantic Security Holding Corporation and Subsidiaries</font></td>
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        <td style="text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">100.00</font></td>
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        <td style="text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">Credicorp Capital Ltd.</font></td>
        <td><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&#160;</font></td>
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        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">&#160;</td>
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        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
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        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">&#160;</td>
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        <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 2.5pt">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right; border-bottom: Black 4px double">31,168,827</td>
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      <tr style="vertical-align: top">
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  </table>
  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&#160;</p>
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      <tr style="vertical-align: top">
        <td style="width: 0.5in"></td>
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        <td style="padding-right: 5pt">As of December 31, 2022, the movement comprises unrealized loss from ASHC, Grupo Cr&#233;dito, Pacifico, CCL and BCB amounting to S/310.5 million, S/234.4 million, S/224.0 million, S/127.9 million and S/2.1 million,
          respectively (As of December 31, 2021, the movement comprises unrealized loss from Grupo Cr&#233;dito, Pacifico and CCL for S/1,221.0 million, S/224.0 million and S/60.0 million, respectively, and unrealized gain from ASHC and BCB amounting to S/75.0
          million and S/3.0 million, respectively).</td>
      </tr>

  </table>
  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&#160;</p>
  <table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top">
        <td style="width: 0.5in"></td>
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        <td style="padding-right: 17pt">As of December 31, 2022, capital contributions were registered to Credicorp Capital Ltd. amounting to S/60.0 million. (As of December 31, 2021, capital contributions were registered to Atlantic Security Holding Corp.
          amounting to S/364.6 million).</td>
      </tr>

  </table>
  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&#160;</p>
  <table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top">
        <td style="width: 0%"></td>
        <td style="width: 0.5in"><b>6</b></td>
        <td style="text-align: justify"><b>BONDS AND NOTES ISSUED </b></td>
      </tr>

  </table>
  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">In June 2020, Credicorp Ltd. issued Senior Notes for approximately US$500.0 million, equivalent to S/1,907.0 million as of December 31, 2022 (US$500.0 million, equivalent to
    S/1,993.5 million as of December 31, 2021) at fixed interest rate of 2.75 percent and maturity on June 17, 2025. These Senior Notes can redeem the whole or part mainly by the following ways (i) at any time prior to May 17, 2025, make whole or partial
    call, at Treasury plus 40 basis points, and (ii) at any time on or after May 17, 2025, at nominal value. The payment of principal will take place on the due date or when redeems the notes. Interest expense is recorded in the separate statement of
    income using the effective interest rate method amounting to S/68.1 million (S/57.9 million, as of December 31,2021).</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 35.4pt">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">As of December 31, 2022, Credicorp Ltd. designated as a hedge of a net investment of a foreign operation a portion of these bonds issued for approximately US$228.8 million,
    equivalent to S/872.7 million (US$228.8 million, equivalent to S/912.2 million, as of December 31, 2021), which hedges by the same amount the exposure of the net investment in the subsidiary Atlantic Security Holding Corporation (ASHC), established in
    Cayman Islands and whose functional currency is the U.S. dollars. This hedge covers the fluctuation in the exchange rate risk associated with the conversion of the net investment held in ASHC to Credicorp Ltd. functional currency (in Soles). As of
    December 31, 2022, net movement in hedges of net investments in foreign businesses operation amounts approximately S/39.6 million (S/57.3 million, as of December 31, 2021).</p>
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  <table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top; text-align: justify">
        <td style="width: 0%"></td>
        <td style="width: 0.5in; text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><b>7</b></font></td>
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  </table>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">This item comprises:</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&#160;</p>
  <table cellspacing="0" cellpadding="0" style="border-collapse: collapse; width: 90%; margin-left: 0.5in">

      <tr style="vertical-align: bottom">
        <td style="font-size: 10pt">&#160;</td>
        <td style="font: bold 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: bold 10pt Arial, Helvetica, Sans-Serif; border-bottom: Black 2px solid" colspan="2">2022</td>
        <td style="font: bold 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: bold 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
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        <td style="font: bold 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
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      <tr style="vertical-align: bottom">
        <td style="font-size: 10pt">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left" colspan="2"><font style="font: 10pt Arial, Helvetica, Sans-Serif"><b>S/000</b></font></td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left" colspan="2"><font style="font: 10pt Arial, Helvetica, Sans-Serif"><b>S/000</b></font></td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
      </tr>
      <tr style="vertical-align: bottom">
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
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      <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
        <td style="width: 70%; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">Provision for income tax on dividends, see Note 9(a)</td>
        <td style="width: 1%; font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="width: 1%; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="width: 12%; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">172,839</td>
        <td style="width: 1%; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="width: 1%; font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="width: 1%; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="width: 12%; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">100,039</td>
        <td style="width: 1%; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
      </tr>
      <tr style="vertical-align: bottom; background-color: White">
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">Dividends pending from previous years (i)</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">47,298</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">57,217</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
      </tr>
      <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">Others</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="border-bottom: Black 2px solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="border-bottom: Black 2px solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">505</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="border-bottom: Black 2px solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="border-bottom: Black 2px solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">2,147</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
      </tr>
      <tr style="vertical-align: bottom; background-color: White">
        <td style="font-size: 10pt">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="border-bottom: Black 4px double; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="border-bottom: Black 4px double; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">220,642</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="border-bottom: Black 4px double; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="border-bottom: Black 4px double; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">159,403</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
      </tr>

  </table>
  <p style="margin-top: 0; margin-bottom: 0">&#160;</p>
  <table width="100%" cellspacing="0" cellpadding="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top">
        <td style="width: 0.5in"></td>
        <td style="width: 0.25in">(i)</td>
        <td style="padding-right: 4pt">As of December 31, 2022 and 2021, the balance comprises dividends returned by the Central Registry of Securities and Liquidations of the Peruvian Market (Cavali S.A. I.C.L.V by its acronym in Spanish), by those
          minority shareholders who could not be credited to their account banking.</td>
      </tr>

  </table>
  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&#160;</p>
  <table width="100%" cellspacing="0" cellpadding="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top">
        <td style="width: 0"></td>
        <td style="width: 0.5in"><b>8</b></td>
        <td style="text-align: justify"><b>EQUITY </b></td>
      </tr>

  </table>
  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&#160;</p>
  <table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top; text-align: justify">
        <td style="width: 0.5in"></td>
        <td style="width: 0.25in; text-align: left">a)</td>
        <td>Capital stock -</td>
      </tr>

  </table>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 22pt 0pt 0.5in; text-align: justify">As of December 31, 2022 and 2021 a total of 94,382,317 shares have been issued at US$5.0 per share.</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 22pt 0pt 0.5in; text-align: justify">&#160;</p>
  <table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top; text-align: justify">
        <td style="width: 0.5in"></td>
        <td style="width: 0.25in; text-align: left">b)</td>
        <td>Reserves -</td>
      </tr>

  </table>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">Certain Company&#8217;s subsidiaries are required to keep a reserve that equals a percentage of paid-in capital (20.00, 30.00 or 50.00 percent, depending on its activities and the
    country in which production takes place); this reserve must be constituted with annual transfers of not less than 10.00 percent of net profits. As of December 31, 2022 and 2021, the balance of this reserves amounts approximately to S/23,300.0 million
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 16pt 0pt 0.5in">At the Board meetings held on April 28, 2022 and February 25, 2021, the decision was made to transfer from &#8220;Retained earnings&#8221; to &#8220;Reserves&#8221; S/2,354.9 million and S/347.0
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 16pt 0pt 0.5in">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 12pt 0pt 0.5in; text-align: justify">At the Board meetings held on April 28, 2022, the decision was made to transfer from "Reserves" to "Dividends payable" for S/1,415.7 million.</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 12pt 0pt 0.5in; text-align: justify">&#160;</p>
  <table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top; text-align: justify">
        <td style="width: 0.5in"></td>
        <td style="width: 0.25in; text-align: left">c)</td>
        <td>Dividend distribution -</td>
      </tr>

  </table>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The chart below shows the distribution of dividends agreed by the Board of Directors:</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 3.5in"></p>
  <table cellspacing="0" cellpadding="0" style="border-collapse: collapse; width: 90%; margin-left: 0.5in">

      <tr style="vertical-align: bottom">
        <td style="font-size: 10pt">&#160;</td>
        <td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 2px">&#160;</td>
        <td style="font: bold 10pt Arial, Helvetica, Sans-Serif; border-bottom: Black 2px solid" colspan="2">2022</td>
        <td style="padding-bottom: 2px; font: bold 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 2px">&#160;</td>
        <td style="font: bold 10pt Arial, Helvetica, Sans-Serif; border-bottom: Black 2px solid" colspan="2">2021</td>
        <td style="padding-bottom: 2px; font: bold 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
      </tr>
      <tr style="vertical-align: bottom">
        <td style="font-size: 10pt">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left" colspan="2"><font style="font: 10pt Arial, Helvetica, Sans-Serif"><b>S/000</b></font></td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left" colspan="2"><font style="font: 10pt Arial, Helvetica, Sans-Serif"><b>S/000</b></font></td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
      </tr>
      <tr style="vertical-align: bottom">
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
      </tr>
      <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">Date of Meeting - Board of Directors</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">28.04.2022</font></td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">26.08.2021</font></td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
      </tr>
      <tr style="vertical-align: bottom; background-color: White">
        <td style="width: 70%; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">Dividends distribution</td>
        <td style="width: 1%; font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="width: 1%; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="width: 12%; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">1,415,734</td>
        <td style="width: 1%; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="width: 1%; font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="width: 1%; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="width: 12%; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">471,912</td>
        <td style="width: 1%; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
      </tr>
      <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">Payment of dividends per share (in Soles)</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">15.0</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">5.0</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
      </tr>
      <tr style="vertical-align: bottom; background-color: White">
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">Date of dividends payout</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">10.06.2022</font></td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 3.5in"></p>
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      <tr style="vertical-align: top; text-align: justify">
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        <td style="width: 0.5in; text-align: left"><b>9</b></td>
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      </tr>

  </table>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&#160;</p>
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      <tr style="vertical-align: top; text-align: justify">
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      <tr style="vertical-align: top; text-align: justify">
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      </tr>

  </table>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&#160;</p>
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  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&#160;</p>
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        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt; text-align: right">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt">&#160;</td>
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        <td style="font-size: 10pt; text-align: right">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
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        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt; text-align: right">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt; text-align: right">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
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        <td style="width: 1%; font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="width: 1%; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
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        <td style="width: 1%; font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="width: 1%; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
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        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; border-bottom: Black 2px solid">&#160;</td>
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        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
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      <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
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        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; padding-bottom: 2.5pt; border-bottom: Black 2.5pt double">&#160;</td>
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        <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 2.5pt">&#160;</td>
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      <tr style="vertical-align: bottom; background-color: White">
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font-size: 10pt">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt; text-align: right">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt; text-align: right">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
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      <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
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        <td style="font-size: 10pt">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt; text-align: right">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt; text-align: right">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
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        <td style="font-size: 10pt">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt; text-align: right">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt; text-align: right">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
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        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; border-bottom: Black 2.5pt double">&#160;</td>
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        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
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        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; border-bottom: Black 2.5pt double">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right; border-bottom: Black 2.5pt double">515,791</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
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      <tr style="vertical-align: bottom; background-color: White">
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font-size: 10pt">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt; text-align: right">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt; text-align: right">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
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      <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">Investments at fair value through</td>
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        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt; text-align: right">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt; text-align: right">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
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        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt; text-align: right">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt; text-align: right">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
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      <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font-size: 10pt">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt; text-align: right">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt; text-align: right">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
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      <tr style="vertical-align: bottom; background-color: White">
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        <td style="font-size: 10pt">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt; text-align: right">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt; text-align: right">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
      </tr>
      <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
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        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">15,262</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">16,707</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
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        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">7,224</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">7,774</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
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      <tr style="vertical-align: bottom; background-color: White">
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font-size: 10pt">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt; text-align: right">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt; text-align: right">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
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      <tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
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        <td style="font-size: 10pt">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
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        <td style="font-size: 10pt; text-align: left">&#160;</td>
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      <tr style="vertical-align: bottom; background-color: White">
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
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        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
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        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
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        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; border-bottom: Black 2px solid">&#160;</td>
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        <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 2.5pt">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; padding-bottom: 2.5pt; border-bottom: Black 2.5pt double">&#160;</td>
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        <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 2px">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">&#160;</td>
        <td style="padding-bottom: 2px; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 2px">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">&#160;</td>
        <td style="padding-bottom: 2px; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
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        <td style="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 2px">&#160;</td>
        <td style="border-bottom: Black 2.5pt double; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
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        <td style="font-size: 10pt">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt; text-align: right">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt; text-align: right">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
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        <td style="font-size: 10pt; text-align: right">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt; text-align: right">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
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        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; border-bottom: Black 2px solid">&#160;</td>
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        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; border-bottom: Black 2.5pt double">&#160;</td>
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        <td style="font-size: 10pt">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt; text-align: right">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt; text-align: right">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
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        <td style="font-size: 10pt; text-align: right">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
        <td style="font-size: 10pt; text-align: right">&#160;</td>
        <td style="font-size: 10pt; text-align: left">&#160;</td>
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        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
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        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">-</td>
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        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
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        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">-</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
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        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; border-bottom: Black 2px solid">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right; border-bottom: Black 2px solid">3</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; border-bottom: Black 2px solid">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right; border-bottom: Black 2px solid">3</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
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        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&#160;</td>
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        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; border-bottom: Black 2.5pt double">&#160;</td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right; border-bottom: Black 2.5pt double">3</td>
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        <td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 2px"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
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        <td style="font: bold 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 2px"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
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        <td style="font-size: 10pt; text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
        <td style="font-size: 10pt; text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
        <td style="font-size: 10pt; text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
        <td style="font-size: 10pt"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
        <td style="font-size: 10pt; text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
        <td style="font-size: 10pt; text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
        <td style="font-size: 10pt; text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
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        <td style="font-size: 10pt; text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
        <td style="font-size: 10pt; text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
        <td style="font-size: 10pt"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
        <td style="font-size: 10pt; text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
        <td style="font-size: 10pt; text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
        <td style="font-size: 10pt; text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
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        <td style="font-size: 10pt"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
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  <p style="margin-top: 0; margin-bottom: 0">&#160;</p>
  <table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top">
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        <td style="width: 0.25in">(i)</td>
        <td style="text-align: justify; padding-right: 63pt">As of December 31, 2022 and 2021, the Company maintains current accounts in soles and U.S. dollars, which are cash in hand and accrue interest. See Note 4.</td>
      </tr>

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  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&#160;</p>
  <table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top">
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        <td style="width: 0.25in">(ii)</td>
        <td style="padding-right: 7pt">As of December 31, 2022 and 2021, Credicorp Capital Asset Management S.A. manages the following funds Credicorp Capital Latin American Corporate Debt Fund, Credicorp Capital Latin American Investment Grade and CC
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      </tr>

  </table>
  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&#160;</p>
  <table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top">
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        <td style="padding-right: 12pt">As of December 31, 2022, the balance reflects the interests of working capital notes for a nominal amount of S/340.0 million and time deposits in soles and U.S. dollars for nominal amounts of S/217.7 million and
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      </tr>

  </table>
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  <table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top">
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        <td style="padding-right: 1pt">Management considers that the transactions between the Company and its related parties have been carried out in the normal course of business and on terms not less favorable than if they had been carried out with
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      </tr>

  </table>
  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&#160;</p>
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      <tr style="vertical-align: top">
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      </tr>

  </table>
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      <tr style="vertical-align: top">
        <td style="width: 0%"></td>
        <td style="width: 0.5in"><b>11</b></td>
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      </tr>

  </table>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">Due to the nature of its activities, the Company is exposed to the following risks: credit, market (interest rate, exchange rate and prices) and liquidity, which are managed
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><b>Risk management structure - </b></p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">The risk management structure is supported by the Board of Directors and Management of BCP, which are responsible for identifying and controlling risks together with other
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 42.6pt">&#160;</p>
  <table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top">
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        <td style="width: 0.25in">i)</td>
        <td style="text-align: justify">Board of Directors -</td>
      </tr>

  </table>
  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">The Board of Directors is responsible for the overall approach to risk management, providing the principles for management as well as policies covering specific areas, such as
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14pt 0pt 42.6pt">&#160;</p>
  <table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top; text-align: justify">
        <td style="width: 0.5in"></td>
        <td style="width: 0.25in; text-align: left">ii)</td>
        <td>Risk Committee of Credicorp -</td>
      </tr>

  </table>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">It represents the Board of Directors of Credicorp and proposes the levels of risk appetite for Credicorp Ltd. In addition, it is aware of the level of compliance of the risk
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  <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px">&#160;</p>
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  <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px">&#160;</p>
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      <tr style="vertical-align: top; text-align: justify">
        <td style="width: 0.5in"></td>
        <td style="width: 0.25in; text-align: left">iii)</td>
        <td>Central Risk Management of Credicorp -</td>
      </tr>

  </table>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Central Risk Management of Credicorp informs the Credicorp Risk Committee of the level of compliance of the risk appetite and the level of exposure
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&#160;</p>
  <table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top; text-align: justify">
        <td style="width: 0.5in"></td>
        <td style="width: 0.25in; text-align: left">iv)</td>
        <td>Internal audit -</td>
      </tr>

  </table>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">BCP&#8217;s Internal Audit area is responsible for supervising the operation of the internal control systems and the Company&#8217;s financial information.</p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">The risk management processes of the Company are monitored by BCP&#8217;s Internal Audit area, which analyzes both the adequacy of procedures and their compliance.</p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">Internal Audit discusses the results of its assessments with management and reports its findings and recommendations to the Company&#8217;s Board.</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in"><b>Credit risk -</b></p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">The assets of the Company that are potentially exposed to significant concentrations of credit risk include cash and cash equivalents, receivables from related parties and
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">At December 31, 2022 and 2021, 100.00 percent of cash was in entities which are part of Credicorp and subsidiaries.</p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">Accordingly, in the opinion of management, the Company does not have any concentration that represents a significant credit risk on the above dates.</p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in"><b>Market risk &#8211;</b></p>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Market prices comprise three types
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&#160;</p>
  <table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top; text-align: justify">
        <td style="width: 0.5in"></td>
        <td style="width: 0.25in; text-align: left">i)</td>
        <td>Exchange rate risk -</td>
      </tr>

  </table>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 2pt 0pt 0.5in">Exchange rate risk is produced by changes in fair value of future cash flows arising from a financial instrument due to fluctuations in the exchange rate. The Administration
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 10pt 0pt 0.5in; text-align: justify">As of December 31, 2022, the free market exchange rate for buying and selling transactions for each U.S. dollars, the main foreign currency held by the
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 5pt 0pt 0.5in">As of December 31, 2022 and 2021 the Company had the following assets and liabilities denominated in U.S. dollars:</p>
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  <table cellspacing="0" cellpadding="0" style="border-collapse: collapse; width: 90%; margin-left: 0.5in">

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        <td style="font: 10pt Arial, Helvetica, Sans-Serif"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
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        <td style="font-size: 10pt; text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
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        <td style="font-size: 10pt; text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
        <td style="font-size: 10pt"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
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        <td style="font-size: 10pt; text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
        <td style="font-size: 10pt; text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
        <td style="font-size: 10pt"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
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        <td style="font-size: 10pt; text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
        <td style="font-size: 10pt; text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
        <td style="font-size: 10pt; text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
        <td style="font-size: 10pt"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
        <td style="font-size: 10pt; text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
        <td style="font-size: 10pt; text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
        <td style="font-size: 10pt; text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
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        <td style="font-size: 10pt"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
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        <td style="font-size: 10pt"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
        <td style="font-size: 10pt"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
        <td style="font-size: 10pt; text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
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        <td style="font-size: 10pt; text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
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        <td style="font-size: 10pt; text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif">)</font></td>
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      <tr style="vertical-align: bottom; background-color: White">
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
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        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; border-bottom: Black 2px solid"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
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        <td style="font: 10pt Arial, Helvetica, Sans-Serif"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
        <td style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; border-bottom: Black 2px solid"><font style="font-family: Arial, Helvetica, Sans-Serif">&#160;</font></td>
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  </table>
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      <tr style="vertical-align: top">
        <td style="width: 0.5in"></td>
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        <td>As of December 31, 2020, an accounting hedge of a net investment abroad was carried out where part of our liability position in U.S. dollars related to the balance of the item "bonds and notes issued", see Note 6, was designated as cover our
          permanent investment in Atlantic Security Holding Corporation. The hedged amount is approximately US$228.8 million, equivalent to S/872.7 million as of December 31, 2022 (US$228.8 million, equivalent to S/912.2 million, as of December 31, 2021).</td>
      </tr>

  </table>
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        <td style="width: 0.5in"></td>
        <td style="width: 0.25in; text-align: left">ii)</td>
        <td>Interest rate risk -</td>
      </tr>

  </table>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">The Company does not have financial instruments which generate or pay significant interest rates; therefore, Management considers that fluctuations in the interest rate will not
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      <tr style="vertical-align: top; text-align: justify">
        <td style="width: 0.5in"></td>
        <td style="width: 0.25in; text-align: left">iii)</td>
        <td>Price -</td>
      </tr>

  </table>
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">During 2020, within a context of high uncertainty due to COVID-19 crisis, Credicorp Ltd. issued Senior Notes for approximately US$500.0 million in order to maintain high
    capitalization capacity of its subsidiaries and to take advantage of opportunities in the market. In order to reduce financial impact as a result of the expenses generated by the bond issued, the company has been investing said funds in high quality
    assets and with volatility parameters, credit risk and duration consistent with the objective of profitability with limited risk of losses that affect its repayment capacity. Portfolio results are reviewed monthly and annual reviews of its composition
    are carried out. The assets which the company currently invests in are mainly mutual funds and mandates, in charge of managers with a proven track record in the selected classes. In terms of vehicles, mutual funds investments and direct investments are
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">Liquidity risk is the risk that the Company is unable to meet its short-term payment obligations associated with its financial liabilities when they fall due. In this regard, the
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  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">Corporate policies have been implemented for liquidity risk management by the Company. Risk Management heads set up limits and autonomy models to determine the adequate liquidity
    indicators to be managed.</p>
  <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px">&#160;</p>
  <div class="BRPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
    <div style="TEXT-ALIGN: center"><font class="BRPFPageNumber" style="font-size: 10pt; font-family: Arial,Helvetica,'sans-serif'; font-weight: normal; color: rgb(0, 0, 0); font-style: normal;">- 37 -</font>&#160;</div>
    <div class="BRPFPageBreak" style="PAGE-BREAK-AFTER: always">
      <hr noshade="noshade" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
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  <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px">&#160;</p>
  <table width="100%" cellspacing="0" cellpadding="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top">
        <td style="width: 0"></td>
        <td style="width: 0.5in"><b>12</b></td>
        <td style="text-align: justify"><b>COMMITMENTS AND CONTINGENCIES </b></td>
      </tr>

  </table>
  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in">Government Investigations -</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in">The former Chairman and the current Vice Chairman of the Board of Directors of Credicorp, in their respective capacities as Chairman of the Board
    and as a director of BCP Stand-alone, were summoned as witnesses by Peruvian prosecutors, along with 26 other Peruvian business leaders, to testify in connection with a judicial investigation that is being carried out regarding contributions made to
    the electoral campaign of a political party in the 2011 Peruvian presidential elections. Our former Chairman testified on November 18, 2019, and our Vice Chairman testified on December 9, 2019. The former Chairman informed prosecutors that in 2010 and
    2011 Credicorp made donations totaling US$3.65 million to the Fujimori 2011 campaign (in total amounts of US$1.7 million in 2010 and US$1.95 million in 2011). These contributions were made in coordination with the General Manager of Credicorp at that
    time. While the amount of these contributions exceeded the limits then permitted under Peruvian electoral law, the law in place at that time provided no sanction for contributors, and instead only for the recipient of the campaign contribution.</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 2pt 0pt 0.5in">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in">The former Chairman also informed prosecutors that in 2016, three subsidiaries of Credicorp (BCP Stand-alone, Mibanco and Grupo Pacifico) made
    donations totaling S/711,000.0 (approximately US$200,000.0) to the Peruanos Por el Kambio campaign. These contributions were made in compliance both with Peruvian electoral law and with Credicorp&#8217;s own political contributions guidelines, adopted in
    2015. These guidelines provided details on the procedures for obtaining approval for contributions and outlined the specific required conditions for transparent contributions.</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in">The Peruvian Superintendencia del Mercado de Valores (&#8216;SMV&#8217; by its acronym in Spanish) has initiated a sanctioning process against Credicorp, for
    failing to disclose to the market, in due course, the political campaign contributions in the years 2011 and 2016. The SMV also has initiated a sanctioning process against three subsidiaries of Credicorp (BCP Stand-alone, Mibanco and Grupo Pacifico),
    for failing to disclose to the market, in due course, the political campaign contributions made in connection with the 2016 presidential elections. The SMV notified Credicorp, BCP, Mibanco and Grupo Pacifico with first instance Resolutions on these
    proceedings. The mentioned Resolutions imposed pecuniary sanctions (fines) on Credicorp and the three subsidiaries as a consequence of these sanctioning processes. Credicorp, BCP, Mibanco and Grupo Pacifico appealed the Resolutions.</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 3pt 0pt 0.5in">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in; text-align: justify">On December 8, 2021, Credicorp informed that the Peruvian SMV was notified of the resolution issued by the Provisional
    Superior Chamber Specialized in Administrative Litigation of the Superior Court of Justice of Lima (the &#8220;Court&#8221;), pursuant to which the Court has admitted for consideration Credicorp&#8217;s contentious-administrative claim challenging the SMV&#8217;s resolution
    (by negative administrative silence), with reference to the appeal filed by Credicorp mentioned in the prior paragraph.</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 3pt 0pt 0.5in">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; margin-left: 0.5in">Under the Resolution, the SMV resolved to sanction Credicorp (i) with a fine of 300 Tax Units (Unidades Impositivas Tributarias
    or UITs by its acronym in Spanish) approximately US$270,000 for, allegedly, having infringed (categorized as &#8220;very serious&#8221;, &#8220;muy grave&#8221; in Spanish) subsection 1.6, numeral 1 of Annex 1 of the Sanctions Regulation, approved by CONASEV Resolution
    N&#176;055-2001-EF/94.10, effective as from 2011; and (ii) with a fine of 210 UITs approximately US$207,375 for, allegedly, having violated (categorized as &#8220;very serious&#8221;, &#8220;muy grave&#8221; in Spanish) subsection 1.5, numeral 1 of Annex 1 of the Sanctions
    Regulation, approved by CONASEV Resolution N&#176;055-2001-EF/94.10 and modified by Resolution N&#176;006-2012-SMV/01, effective as from 2016. The charges made by the SMV against Credicorp were that the Company had affected the transparency of the stock market
    by not having disclosed relevant information to the market regarding Credicorp&#8217;s cash contributions to the political party Fuerza Popular during the 2011 Peruvian presidential campaign (first charge) and that the Company had affected the transparency
    of the stock market by not having disclosed relevant information to the market regarding Credicorp&#8217;s agreement to make contributions to the political party Peruanos por el Kambio during the 2016 Peruvian presidential campaign (second charge).</p>
  <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px">&#160;</p>
  <div class="BRPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
    <div style="TEXT-ALIGN: center"><font class="BRPFPageNumber" style="font-size: 10pt; font-family: Arial,Helvetica,'sans-serif'; font-weight: normal; color: rgb(0, 0, 0); font-style: normal;">- 38 -</font>&#160;</div>
    <div class="BRPFPageBreak" style="PAGE-BREAK-AFTER: always">
      <hr noshade="noshade" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
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  <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">Because Credicorp was neither in agreement with the categorization of the facts nor with the sanctions imposed, Credicorp filed an appeal challenging the Resolution.
    Subsequently, after the expiration of the term to resolve in the appeal (second administrative instance), Credicorp asserted its right to negative administrative silence and to resort to the Judiciary. Notwithstanding, Credicorp proceeded to pay the
    fines imposed by the SMV, in compliance with Peruvian law.</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 2pt 0pt 0.5in">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">Thus, since Credicorp&#8217;s contentious-administrative claim filed was admitted for consideration by the Court, the administrative procedure has terminated with respect to Credicorp
    and the matter is now subject to the decision of the Peruvian Judiciary.</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 16pt 0pt 0.5in; text-align: justify">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">As for BCP, Mibanco and Grupo Pac&#237;fico, as well as Credicorp, having admitted the aforementioned lawsuit for processing by the Court, the matter is now subject to the decision of
    the Peruvian Judiciary.</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 3pt 0pt 0.5in">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">Credicorp believes that neither the contributions disclosed by our former Chairman and the current Vice Chairman in 2019 nor the related SMV sanctioning processes pose a
    significant risk of material liability to the Company. Furthermore, Credicorp does not believe that either will have material effect on the Company&#8217;s business, financial position or profitability.</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 13pt 0pt 0.5in">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">On November 11, 2021, Credicorp disclosed that its incoming CEO, Mr. Gianfranco Ferrari de las Casas, informed the Company that he was notified of a Prosecutor&#8217;s Decision issued
    by the Corporate Supraprovincial Prosecutor&#8217;s Office Specialized in Officer Corruption Offenses Special Team - Fourth Court Division (&#8220;Fiscal&#237;a Supraprovincial Corporativa Especializada en Delitos de Corrupci&#243;n de Funcionarios Equipo Especial - Cuarto
    Despacho&#8221;). Through such notice, Mr. Ferrari was informed that he has been included in the preparatory investigation carried out against Mr. Yehude Simon M. and an additional sixty-five (65) individuals on the grounds of, in his particular case,
    alleged primary complicity in the alleged crime against the public administration, aggravated collusion, incompatible negotiation or improper use of position and criminal organization detrimental to the Peruvian State, in connection with the financial
    advisory services provided by BCP Stand - alone to the Olmos Project.</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">Credicorp has reviewed the performance of the officers of Banco de Cr&#233;dito del Per&#250; in relation to the financial advisory services provided by the Bank in connection with the
    Olmos Project and has concluded that the facts under investigation do not give rise to any liability of Banco de Cr&#233;dito del Per&#250; or its officers. Credicorp bases this view on the qualified opinion of external consultants specialized in the matter.
    Therefore, Credicorp considers that the opening of the aforementioned preparatory investigation will not have any impact on the normal operation of the Company, nor will it affect the dedication and performance of its officers in undertaking their
    regular duties.</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7pt 0pt 0.5in">&#160;</p>
  <table width="100%" cellspacing="0" cellpadding="0" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">

      <tr style="vertical-align: top">
        <td style="width: 0"></td>
        <td style="width: 0.5in"><b>13</b></td>
        <td style="text-align: justify"><b>EVENTS AFTER THE REPORTING PERIOD </b></td>
      </tr>

  </table>
  <p style="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&#160;</p>
  <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">The Company have evaluated the period after the closing of the financial statements and have determined that there are no subsequent events or transactions that require
    recognition or disclosure in the financial statements as of December 31, 2022.</p>
  <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px">&#160;</p>
  <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px"> <br>
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  <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-family: Arial; font-size: 10pt; font-weight: normal; font-style: normal;">- 39 -</font>
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