{"url_path":"/sec/bap/10-k/2026/item-6","section_key":"item-6","section_title":"Item 6 DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-04-27","source_url":"https://www.sec.gov/Archives/edgar/data/1001290/0001001290-26-000008-index.html","accession_number":"0001001290-26-000008","cik":"0001001290","ticker":"BAP","issuer_name":"CREDICORP LTD","edgar_url":"https://www.sec.gov/Archives/edgar/data/1001290/0001001290-26-000008-index.html","primary_entity_key":"0001001290","primary_entity_name":"CREDICORP LTD"},"word_count":8823,"has_tables":true,"body_markdown":"ITEM 6.DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES\n\n6.ADirectors and Senior Management\n\n(1)Board of Directors\n\nThe following table sets forth information about the Directors of Credicorp Ltd. at the end of 2025:\n\nNamePositionYears served as a Director (1)Birth Date\n\nLuis Enrique Romero BelismelisChairman1609/01/1961\n\nJose Raimundo Morales DassoVice Chairman1711/09/1946\n\nPatricia Lizarraga GuthertzDirector807/14/1966\n\nPedro Rubio FeijóoDirector709/14/1955\n\nAntonio Abruña PuyolDirector504/08/1954\n\nAlexandre GouvêaDirector512/02/1959\n\nMaria Teresa Aranzábal HarreguyDirector502/22/1963\n\nLeslie Pierce Diez CansecoDirector512/31/1948\n\nNuria Aliño PérezDirector202/03/1971\n\n(1)In Credicorp or BCP Stand-alone as of December 31, 2025.\n\nLuis Enrique Romero Belismelis\n\nMr. Romero has served as the Chairman of the Board and Executive Chairman of Credicorp Ltd. since June 9, 2020, and has been a Director since March 31, 2017.\n\nThrough his participation on the boards of various Credicorp subsidiaries, Mr. Romero has gained broad insight into the Group's businesses. He has also served as Chairman of the Board of Banco de Crédito del Peru since April 5, 2021, and has been a Director since March 31, 2009. He has been a member and Chairman of the Board of Grupo Crédito S.A. since October 29, 2020. In addition, he chairs the boards of Pacífico Compañía de Seguros y Reaseguros, Credicorp Peru S.A.C., and Mibanco - Banco de la Microempresa S.A., and serves as a board member of Atlantic Security Holding Corporation and Patronato BCP.\n\n206\n\n[Table of Contents](#ib149d99176634ff8adf88f8fa17ce583_7)\n\nMr. Romero has also held senior executive and management positions in different consumer and services companies within the Grupo Romero.\n\nMr. Romero holds a bachelor’s degree in Economics from Boston University (United States).\n\nJose Raimundo Morales Dasso\n\nMr. Morales has served as the Vice Chairman of the Boards of Directors of Credicorp Ltd. and Banco de Crédito del Peru since March 28, 2008, and March 31, 2009, respectively. He is also a director of Grupo Crédito S.A., Pacífico Compañía de Seguros y Reaseguros, and Atlantic Security Holding Corporation.\n\nHe joined Banco de Crédito del Peru in 1980 and held several senior management positions, such as Executive Vice President of Wholesale Banking and Credit Risk Management, as well as CEO from 1990 to 2008. Additionally, he served as Chairman of the Board of Directors and CEO of Atlantic Security Bank (now ASB Bank Corp., a subsidiary of Credicorp). Mr. Morales led Credicorp's initial public offering of shares on the New York Stock Exchange (NYSE) in October 1995.\n\nHe has also been involved in various industry organizations, including the Peruvian Bank Association (ASBANC), Peruvian Association of AFP, and of National Confederation of Private Business Institutions of Peru (CONFIEP), where he served as Vice-Chairman. Prior to joining Credicorp, Mr. Morales worked for 10 years at Wells Fargo Bank in its offices in San Francisco and Miami (United States), São Paulo (Brazil), Caracas (Venezuela), and Buenos Aires (Argentina). His last position at Wells Fargo was as Regional Vice President.\n\nHe currently serves as Vice Chairman of Cementos Pacasmayo S.A.A.and as a board member of Fosfatos del Pacífico S.A. and GRIO S.A.\n\nMr. Morales holds a bachelor’s degree in Economics and Administration from Universidad del Pacífico (Peru) and an MBA from Wharton Graduate School of Finance of the University of Pennsylvania (United States).\n\nPatricia Lizarraga Guthertz - Independent Director\n\nMs. Lizárraga has served as a member of the Boards of Directors of Credicorp Ltd. and Banco de Crédito del Peru since March 31 and March 22, 2017, respectively. She has also served as a director of Grupo Crédito S.A. since October 29, 2020. Since June 2020, she has served as the Chairwoman of Credicorp's Audit Committee.\n\nMs. Lizárraga is a Wall Street executive with over 25 years of experience in international mergers & acquisitions, capital markets, private equity and valuation practice with Allen & Company, Donaldson Lufkin & Jenrette, and Citigroup. In 2007, she became the founder and CEO of Hypatia Capital Group, the asset manager of the WCEO ETF.\n\nMs. Lizárraga's board experience includes serving as both Chair of the Board and Chair of the Audit Committee of non-profit organizations, and private companies. She has also served as Chair of Peruvian Toll Roads Privatization Committee.\n\nMs. Lizárraga holds a Bachelor of Arts degree from Yale University (United States) and an MBA from Harvard Business School (United States).\n\nPedro Rubio Feijóo\n\nMr. Rubio has served as a director of Credicorp Ltd. and Grupo Crédito S.A. since March 27 and March 31, 2023, respectively. He also serves as a director of Banco de Crédito del Peru, Prima AFP, Credicorp Capital Ltd., Credicorp Capital Holding Peru S.A., ASB Bank Corp., Atlantic Security Holding Corporation, Banco de Crédito de Bolivia, and Inversiones Credicorp Bolivia S.A. He currently serves as Chairman of the Risk Committee of Credicorp Ltd. and Grupo Crédito S.A.\n\nHe began his career at Banco de Crédito del Peru in 1983 as a commercial executive, then went on to hold progressively senior roles including Head of the International Business Department, CEO of Banco Tequendama in Bogotá (Colombia) and Head of the Corporate and Business Banking Division. Until March 2018, he served as Senior Vice President of Wholesale Banking at Banco de Crédito del Peru, reporting directly to the CEO.\n\n207\n\n[Table of Contents](#ib149d99176634ff8adf88f8fa17ce583_7)\n\nMr. Rubio has a degree in Industrial Engineering from North Carolina State University (United States).\n\nAntonio Abruña Puyol – Independent Director\n\nMr. Abruña has served as a member of the Boards of Directors of Credicorp Ltd. and Grupo Crédito S.A. since June 5 and October 29, 2020, respectively. He served as a member of the Board of Directors of Banco de Crédito del Peru from March 31, 2021 to March 27, 2024.\n\nMr. Abruña is a Spanish-Peruvian attorney-at-law and one of Peru's leading legal scholars, with decades of experience as a legal scholar and administrator of academic institutions. Mr. Abruña served as Rector of the Universidad de Piura (Peru) from 2003 to 2012 and from 2018 to 2024, where he developed a long academic career. He participated in the creation of the Faculty of Law, where he served as a professor and dean. He has held other academic and administrative positions and participated in various projects at the university.\n\nMr. Abruña was member of the Special Commission appointed by the Peruvian government to designate the seven members of the National Justice Council. He also served as the Peruvian representative of the lstituto per la Cooperazione Universitaria (ICU) (Italy) and as director of Universia Peru.\n\nMr. Abruña holds a law degree from Universidad Complutense de Madrid (Spain) and a doctorate in Law from the Universidad de Navarra (Spain).\n\nAlexandre Gouvêa – Independent Director\n\nMr. Gouvêa has served as a member of the Boards of Directors of Credicorp Ltd. and Banco de Crédito del Peru since June 5 and June 24, 2020, respectively, and as director of Grupo Credito S.A. since October 29, 2020. Since February 2023, he has served as a director of Monokera, an Insurtech company recently acquired in Colombia by Credicorp's Corporate Venture Capital Krealo, and he also serves a director of Aval Digital Labs. In addition, since December 2024, he has served as a director of Grupo Financiero Banamex. He currently serves as Chairman of the Compensation and Nominations Committee of Credicorp and Grupo Crédito S.A.\n\nMr. Gouvêa has over 30 years of international experience at McKinsey & Co., specializing in advising financial services clients. Mr. Gouvêa is an expert in retail banking and insurance (including technological transition and digital transformation). He worked in financial services across Latin America and led the creation of the Organizations Practice and the Recovery and Transformation Unit of McKinsey & Co. He previously served as a director of McKinsey & Co. Mr. Gouvêa served as a member of the board of directors of leading publicly listed Brazilian retailers, Lojas Renner between 2019 and January 2023. He also spent over 8 years on the board of the nonprofit organization, Habitat for Humanity International.\n\nMr. Gouvêa holds a degree in Mechanical Engineering from Universidade Federal do Rio de Janeiro (Brazil) and an MBA from UCLA's Anderson School of Management (United States).\n\nMaria Teresa (Maite) Aranzábal Harreguy - Independent Director\n\nMs. Aranzábal has served as a member of the Boards of Directors of Credicorp and Banco de Crédito del Peru since June 5 and June 24, 2020, respectively, and as director of Grupo Crédito S.A. since October 29, 2020. She currently serves as Chairwoman of the Sustainability Committee of Credicorp and Grupo Credito S.A.\n\nMs. Aranzábal is an Spanish executive with relevant experience advising leading publicly listed and privately owned companies worldwide, as well as holding senior executive roles with responsibilities for strategy, business development and transformation, customer experience and international expansion. Throughout her international career, she has worked across a variety of sectors, spanning retail banking, retail, fashion, consumer goods and real estate. She brings relevant experience through her service on the boards of public and private companies, as well as non-profit organizations.\n\nShe began her career at McKinsey & Co. in Spain and Argentina, advising clients in various industries, including retail banking. She later joined Grupo Cortefiel, a family-owned retailer, where she led business development, strategy, and international growth. She also collaborated with Advent lnternational, a private equity firm, as a retail expert, and was later in charge of the turnaround of KA lnternational.\n\n208\n\n[Table of Contents](#ib149d99176634ff8adf88f8fa17ce583_7)\n\nMs. Aranzábal currently serves as an independent advisor to the Board of Directors of the Corporación Hijos de Rivera and as Chair of the Board of Trustees of the Novia Salcedo Foundation. She also leads Alir Consulting and Trade, her own consulting company, which specializes in strategic consulting and leadership training.\n\nMs. Aranzábal holds a degree in Business Administration from ICADE (Spain), an MBA from The Wharton School of the University of Pennsylvania (United States), and a Board Director Certification from the Spanish Institute of Directors (IC-A).\n\nLeslie Pierce Diez-Canseco\n\nMr. Pierce has served as a member of the Board of Directors of Credicorp Ltd. and Grupo Crédito S.A. since October 16 and October 29, 2020, respectively, and as a director of Banco de Crédito del Peru since March 31, 2021, and of Atlantic Security Holding Corporation since April 30, 2021.\n\nMr. Pierce has held executive leadership positions, primarily in Peruvian companies, for nearly 40 years. He served as CEO of Alicorp S.A.A., Peru's largest consumer goods company with operations throughout Latin America, from 1991 to 2011. Prior to that, Mr. Pierce served as a Vice Minister of Commerce in the Ministry of Economy and Finance of Peru from 1983 to 1984.\n\nMr. Pierce currently serves as a member of the board of directors of Peruvian-listed companies Empresa Siderúrgica del Peru S.A.A. and Alicorp S.A.A., as well as a director in a number of private businesses, including Cerámica Lima S.A., Transber S.A.C, HV Contratistas S.A., Redondos S.A., Esmeralda Corp. S.A.C., GRIO S.A., Instituto Bicentenario, and Negocios Industriales Real NIRSA S.A. (Ecuador). He also participates in philanthropic organizations such as Vida Peru and Banco de Alimentos del Peru.\n\nMr. Pierce holds a bachelor's degree in Economics from the Pontificia Universidad Católica de Peru (Peru) and a postgraduate degree in Economics from the Pontificia Universidad Católica de Chile (Chile).\n\nNuria Aliño Pérez – Independent Director\n\nMs. Aliño has served as a director of Credicorp and Grupo Crédito S.A. since March 27 and March 31, 2023, respectively. She has served as director of Banco de Crédito del Perú since March 27, 2024.\n\nMs. Aliño is a Spanish corporate and investment banking professional with over 25 years of experience in developed and emerging markets.\n\nSince 2016, she has held positions with the World Bank Group’s International Finance Corporation (IFC), including Head of Partnerships and Innovations in the financial sector, and currently serves as Open Banking & Digital Transformation Specialist, providing guidance on digital transformation strategies to financial institutions in emerging markets.\n\nPreviously, she served as an advisor to the CEO of IDB Invest (Inter-American Development Bank) and spent over 15 years at BBVA in corporate and investment banking.\n\nMs. Aliño serves as an independent director of Unicaja Banco, Spain’s sixth-largest bank, and of the European credit rating agency Inbonis. Ms. Aliño has also held advisory board roles for tech companies and private equity and venture capital firms in Latin America and Europe.\n\nMs. Aliño holds degrees in Law and Economics from Universidad Pontificia Comillas – ICADE (Spain), and has completed the Advanced Management Program at IESE Business School in Madrid (Spain).\n\nSee “ITEM 4. INFORMATION ON THE COMPANY - 4. A History and development of the Company – Recent Developments” for updated information about changes to the composition of our Board of Directors since January 1, 2026.\n\n209\n\n[Table of Contents](#ib149d99176634ff8adf88f8fa17ce583_7)\n\nCorporate Secretary\n\nConyers Corporate Services (Bermuda) Limited serves as Credicorp’s Corporate Secretary. Mr. Guillermo Morales Valentin is Credicorp’s Deputy Secretary.\n\n(2)Senior Management\n\nCredicorp believes that a unified financial group with a coordinated strategy is best able to take advantage of growth in the Peruvian economy and achieve synergies from cross-selling financial services and products (such as through BCP’s extensive branch network). Pursuant to Credicorp’s Bye-laws, the Board of Directors has the power to delegate its authority to oversee the day-to-day management of the company to one or more Directors or officers.\n\nThe following table sets forth the name, position(s), and principal Credicorp entities for each member of our senior management:\n\nPosition(s) (1)NameEntity(ies)\n\nExecutive ChairmanLuis Enrique Romero B.Credicorp\n\nChief Executive OfficerGianfranco FerrariCredicorp\n\nChief Risk OfficerCesar RiosCredicorp, BCP\n\nChief Financial OfficerAlejandro Perez-ReyesCredicorp, BCP\n\nChief Strategy OfficerMichelle LabartheCredicorp\n\nChief Innovation OfficerFrancesca RaffoCredicorp\n\nHead of Universal Banking (Credicorp), CEO (BCP Stand-alone)Diego CaveroCredicorp, BCP\n\nHead of Microfinance (Credicorp), CEO (Mibanco)Javier IchazoCredicorp, Mibanco\n\nHead of Insurance & Pensions (Credicorp), CEO (Grupo Pacífico)Cesar RiveraCredicorp, Grupo Pacífico\n\nHead of Investment Management and Advisory (Credicorp), CEO (Credicorp Capital)Eduardo MonteroCredicorp, Credicorp Capital\n\nChief Corporate Audit OfficerJose EspositoCredicorp, BCP\n\nChief Compliance and Ethics OfficerBarbara FaleroCredicorp, BCP\n\nHead of LegalGuillermo MoralesCredicorp\n\nHead of People StrategyUrsula AlvarezCredicorp\n\nHead of Corporate AffairsEnrique PasquelCredicorp\n\n1.At Credicorp or in any subsidiary as of December 31, 2025.\n\nGianfranco Ferrari\n\nMr. Ferrari has been the CEO of Credicorp, since January 2022. Previously, he served as Deputy CEO and Head of Universal Banking at Credicorp Ltd., as well as CEO of BCP from April 1, 2018 to December 31, 2021.\n\nHe currently serves as Chairman of the Board of Prima AFP S.A., Credicorp Capital Ltd., Credicorp Capital Holding Perú S.A., Krealo Management S.A., ASB Bank Corp., Pacífico S.A. Entidad Prestadora de Salud, and CCR Inc. He is Vice Chairman of the Board of Mibanco – Banco de la Microempresa S.A., and sits on the boards of Credicorp Perú S.A.C., Pacífico Compañía de Seguros y Reaseguros S.A., and Yape Market S.A.C. He also serves on the boards of Inversiones Centenario S.A.A., the Peruvian Institute of Economics, the Private Council for Competitiveness, and the organizations Perú 21 Una Nueva Visión (Perú Sostenible), Asociación Civil Es Hoy, and Red de Estudios para el Desarrollo (Redes). In addition, he chairs the Governing Board of the Universidad del Pacífico Foundation.\n\nMr. Ferrari has worked within the Credicorp Group since 1995, gaining experience across various strategic areas. For over 17 years, between 2000 and 2017, Mr. Ferrari was the Head of Corporate Banking and Corporate Finance, Retail\n\n210\n\n[Table of Contents](#ib149d99176634ff8adf88f8fa17ce583_7)\n\nBanking and Wealth Management at BCP, where, from 2015 to 2017, he led the digital transformation strategy. He was also CEO of BCP Bolivia from 2005 to 2008.\n\nMr. Ferrari holds a degree in Business Administration from Universidad del Pacífico (Peru) and an MBA from Kellogg Graduate School of Management at Northwestern University (United States).\n\nAlejandro Perez-Reyes\n\nMr. Perez-Reyes has served as Chief Financial Officer of Credicorp Ltd and Banco de Crédito del Perú since July 2024. Previously, he served as Chief Operating Officer (COO) of Credicorp Ltd. from January 2022 to June 2024. He has built a career of more than 25 years within the Credicorp Group. Throughout this time, he has held multiple roles across several companies of the group, including Manager of Financial Derivatives at BCP — where he executed the bank’s first-ever swaps — Investments Manager at Prima AFP, Asset Management Manager, and COO and Country Head for Peru at Credicorp Capital, where he was part of the company since its creation and led the transformation of its operating model, among other senior responsibilities.\n\nHe serves on the boards of several Credicorp subsidiaries, including Solución Empresa Administradora Hipotecaria S.A., Prima AFP S.A., Inversiones Credicorp Bolivia S.A., Banco de Crédito de Bolivia S.A., Credicorp Capital Holding Chile S.A., Credicorp Capital Asset Management S.A. Administradora General de Fondos, Credicorp Holding Colombia S.A.S., Credicorp Negocios Digitales S.A.S., Sami Shop S.A.C., and Krealo Management S.A.\n\nMr. Perez-Reyes holds a bachelor’s degree in Economics from University of Lima (Peru) and an MBA from Harvard Business School (United States).\n\nCesar Rios\n\nMr. Rios has served as the Chief Risk Officer (CRO) of Credicorp Ltd. and Banco de Credito del Peru since July 2024. He has been a part of the Credicorp Group since 1993, when he joined as a Corporate Finance associate. In 1997, he was appointed as the CFO and COO of Banco Capital in El Salvador following its acquisition by Credicorp. In 2003, Mr. Rios rejoined BCP, where he held strategic roles such as Head of Credit and Operating Risk in the Risk Management Unit, Head of Collections for Retail Banking, and Head of Corporate Strategy, which includes internal consulting, mergers and acquisitions, and corporate strategy. In 2013, he became Head of Financial Planning and Control at BCP. From April 2018 to June 2024, he served as CFO of Credicorp Ltd. and BCP.\n\nMr. Rios currently serves on the boards of several Credicorp subsidiaries, including Mibanco Banco de la Microempresa S.A., Credicorp Perú S.A.C., CCR Inc., Pacifico S.A. Entidad Prestadora de Salud, Yape Market S.A.C., Inversiones 2020 S.A., Soluciones en Procesamiento S.A., Atlantic Private Equity Investment Advisor, Atlantic Security International Financial Services Inc., and Atlantic Security Private Equity General Partner.\n\nMr. Rios holds a bachelor’s degree in Engineering from Pontificia Universidad Católica del Peru (Peru); a master’s degree from ESAN Escuela de Administración de Negocios para Graduados (Peru); and an MBA from the Sloan Fellows Program at the Massachusetts Institute of Technology (United States).\n\nFrancesca Raffo\n\nMs. Raffo has served as Chief Innovation Officer of Credicorp since February 2022. Prior to that, she served as Retail Banking Deputy CEO at BCP until October 2024.\n\nMs. Raffo’s career at BCP spans 26 years and includes leading key initiatives such as BCP’s transformation agenda, the Satisfied Customers Division, the creation of BCP’s first Innovation Center, and the Marketing Services function. Ms. Raffo joined BCP in 1994 as a member of the Process Reengineering pioneer team and subsequently led various strategic projects within Retail Banking. Ms. Raffo currently serves as director of several Credicorp subsidiaries, including Yape Market S.A.C., Mibanco – Banco de la Microempresa de Colombia S.A., Krealo Management S.A., Inversiones Credicorp Bolivia S.A. and Banco de Crédito de Bolivia.\n\nMs. Raffo holds a bachelor’s degree in Business Administration and an MBA in Management Information Systems, both from The American University in Washington D.C. (United States).\n\n211\n\n[Table of Contents](#ib149d99176634ff8adf88f8fa17ce583_7)\n\nMichelle Labarthe\n\nMs. Labarthe has serves as Chief Strategy Officer of Credicorp Ltd. since January 2024. She has 25 years of experience in finance and has worked in Investment Banking in London and Lima covering financial institutions in Europe and Latin America. Previous to joining Credicorp, she was Country Head for Peru at Lazard and held various positions at Rothschild & Co. and Lehman Brothers. Ms. Labarthe started her professional career at BCP where she worked between 2000 and 2004 in Process Improvement and Quality, Strategy and Planning for the Wholesale Banking Division and Corporate Finance.\n\nMs. Labarthe holds a degree in Industrial Engineering from Universidad de Lima (Peru) and has an MBA from HEC Paris (France).\n\nDiego Cavero\n\nMr. Cavero has served as Head of Universal Banking for Credicorp Ltd. which includes Banco de Crédito del Perú and Banco de Crédito de Bolivia, as well as CEO of Banco de Crédito del Perú since January 2022.\n\nPreviously he served as Deputy CEO at BCP focusing on Wholesale Banking, from July 1, 2020 until December 2021, and as Head Wholesale Banking at BCP beginning in April 2018. In 2013, Mr. Cavero led the creation of the Efficiency Division, a model later implemented across other divisions of the Group. Prior to this, he was CEO of BCP Bolivia from 2008 to 2012 and currently he serves as Chairman of its Board.\n\nMr. Cavero is currently Chairman of the Board of Directors of Yape Market S.A.C. and a member of the Board of Directors of Inversiones 2020, Inversiones Credicorp Bolivia S.A., CCR Inc., Atlantic Security International Financial Services Inc., Atlantic Security Private Equity General Partner, Atlantic Private Equity Investment Advisor, Inversiones Credicorp Bolivia S.A., Banco de Crédito de Bolivia and Patronato BCP. He joined Credicorp Ltd. in 1994.\n\nMr. Cavero holds a degree in Business Administration from Universidad de Lima (Peru) and holds an MBA from the University of Texas (United States).\n\nJavier Ichazo\n\nMr. Ichazo is the CEO of Mibanco and Head of Microfinance of Credicorp. He began his career at Banco de Credito del Peru in 1996 and has held different positions across various regions of Peru. In addition to his knowledge in banking and finance, Mr. Ichazo brings experience from his role as Business Manager at Banco de Credito del Peru from 2004 to 2017.\n\nMr. Ichazo is the Chairman of the Board of Mibanco Colombia, and Vice Chairman of the Board of ASOMIF (Association of Microfinance Institutions of Peru) and director of Credicorp Holding Colombia S.A.S.\n\nMr. Ichazo holds a degree on Business Administration from the University of Piura (Peru) and holds an MBA from the School of Management of the University of Piura (Peru).\n\nCesar Rivera\n\nMr. Rivera served as the CEO of Pacífico Seguros and Head of the Insurance and Pension Funds Business Line until December 31, 2025. With over 30 years of experience in the Pensions and Insurance sector, he has also held the positions of CEO at Santander Life Insurance Company in Peru, Deputy CEO at American Life Insurance Company in Argentina, and CEO at Pacífico Vida Life Insurance Company in Peru.\n\nHe served as a professor of the Business and Economy Faculty at the Universidad de Piura and was a member of the Board of Directors at the Ibero-American Foundation for Occupational Health and Safety (FISO by its Spanish initials).\n\nMr. Rivera holds a degree in Industrial Engineering from the Universidad de Piura and an MBA from ESAN (Peru). He also holds a Diploma in Corporate Finance from the Universidad del Pacífico (Peru) and an International Certificate in Company Direction, issued by the Institute of Directors in United Kingdom. He has studied different programs in\n\n212\n\n[Table of Contents](#ib149d99176634ff8adf88f8fa17ce583_7)\n\nmanagement and technical areas, such as the Management Program at Wharton School University of Pennsylvania (United States), and the Life Insurance Program at the Swiss Insurance Training Centre in Zurich (Switzerland).\n\nEduardo Montero\n\nMr. Montero served as Head of the Investment Management and Advisory business line of Credicorp Ltd. and CEO of Credicorp Capital Ltd. from January 2019 to December 31, 2025. He has been working at Credicorp since 1994. His broad experience within the organization includes different roles in Corporate Finance, Business Solutions, as well as Personal Banking and Wealth Management at Banco de Credito del Peru. He also served as CEO at Atlantic Security Bank, BCP Miami and Credicorp Capital Securities (United States).\n\nMr. Montero holds a bachelor's degree in Economics from Lehigh University (United States), and an MBA from the Wharton School of Business at the University of Pennsylvania (United States).\n\nJose Esposito\n\nMr. Esposito has served as Chief Corporate Audit Officer of Credicorp Ltd. since January 2010. He also serves as Head of the Audit Division at BCP.\n\nHe is member of the Professional Certifications Board (PCB) of the Institute of Internal Auditors Global (IIA GLobal), where he serves on its Investment Committee, and is a director of the Institute of Internal Auditors of Peru. He is also a member of the Stakeholders Advisory Council (SAC) of the International Auditing and Assurance Standards Board (IAASB) and the International Code of Ethics for Professional Accountants (IESBA). Formerly he served as member of the Board of Directors, a member of the Audit Committee and Chairman of the Financial Services Guidance Committee (FSGC) Board of the IIA. Mr. Esposito has also served as Chairman of the Committee of Internal Auditors of the Latin American Federation of Banks (FELABAN), Chairman of the Committee of Internal Auditors of ASBANC, and Chairman of the Audit Committee of Visanet Peru (now Niubiz). Currently, he is a lecturer and director of the Master's Program in Finance with a specialization in Integrated Risk Management at the Universidad del Pacífico in Peru.\n\nSince 1996, Mr. Esposito has worked for various Credicorp Ltd Divisions. His last position prior to leading the Audit Division at Credicorp Ltd. was at Pacífico Peruano Suiza Compañía de Seguros y Reaseguros S.A., where he was the CFO and the Controller’s Officer. He was also Vice Chairman of the Board of Directors of Pacífico Salud EPS S.A., Vice Chairman and Board member of the Lima Stock Exchange, Director of Cavali ICLV S.A. and Chairman of the Board and CEO of Credibolsa SAB S.A. (now Credicorp Capital Sociedad Agente de Bolsa).\n\nMr. Esposito holds a bachelor’s degree in Economics from Universidad del Pacífico, Lima (Peru), and a master’s degree in Economics with a specialization in Econometrics from the University of Wisconsin – Milwaukee, (United States). He is a Certified Internal Auditor (CIA) and holds a Certification in Risk Management Assurance (CRMA) from the Institute of Internal Auditors Global (IIA); a Certification in Risk and Information Systems Control (CRISC) by ISACA; and is an Anti-Money Laundering Certified Associate (AML/CA) from the Florida International Bankers Association and Florida International University (United States).\n\nBarbara Falero\n\nMs. Falero has served as Chief Compliance and Ethics Officer at Credicorp Ltd. and Banco de Credito del Peru since February 2008, reporting directly to Credicorp Ltd.’s Board.\n\nBetween 2000 and 2006, she worked as a regulator at the U.S. Federal Reserve Bank, where she was responsible for the supervision of international banks. She later served as Compliance Officer at BCP Miami Agency from 2006 to 2008. Prior to joining the Federal Reserve, she held various positions at BAC Florida Bank in Miami (United States).\n\nMs. Falero has held roles such as President of the Committee of Compliance Officers of ASBANC and a Member of the Advisory Committee of the Florida International Bankers Association (FIBA) for a three-year period.\n\nMs. Falero holds a bachelor’s degree in Finance from Florida International University (United States), and an MBA from St. Thomas University in Miami, Florida (United States).\n\n213\n\n[Table of Contents](#ib149d99176634ff8adf88f8fa17ce583_7)\n\nGuillermo Morales\n\nMr. Morales has served as Head of Legal at Credicorp Ltd. since April 1, 2018. He served as Head of the Legal Division of Banco de Crédito del Peru from January 1, 2010 to January 31, 2022. Previously, he was the Manager of the Legal Advisory Area at BCP from September 2007 to December 2009, Legal Manager of Grupo Santander Peru S.A. from January 2003 to July 2007, and Legal Manager of Banco Santander Central Hispano Peru from April 2000 to December 2002.\n\nMr. Morales holds a law degree from the Pontificia Universidad Católica del Peru (Peru) and has a Master of Laws (LL.M.) from the University of Texas at Austin (United States).\n\nUrsula Alvarez\n\nMs. Alvarez has served as Head of People Strategy at Credicorp since 2024. She began her career at BCP in 2006 as Manager of Selection in Human Resources Management, and later served as Head of Talent Management at Credicorp from 2009 to 2024.\n\nMs. Alvarez holds a bachelor’s degree in Psychology from University of Lima (Peru) and a master’s degree in Development from Universidad de los Andes in Bogota (Colombia).\n\nEnrique Pasquel\n\nMr. Pasquel has served as Head of Corporate Affairs at Credicorp Ltd. since April 2018 and as Head of Corporate Affairs of BCP since 2017. Previously, between 2011 and 2017, he worked at El Comercio newspaper, where he held the positions of Deputy Opinion Editor, Politics Editor, and Deputy Editor in Chief. Prior to his journalism career, he worked as an attorney in INDECOPI, the Peruvian antitrust agency, where he served as Commissioner of the Bureaucratic Barriers Commission and Technical Secretary of the Competition Chamber.\n\nMr. Pasquel holds a law degree from the Pontificia Universidad Católica del Peru (Peru), and a Master of Laws (LL.M.) from Yale Law School (United States).\n\n“See “ITEM 4. INFORMATION ON THE COMPANY - 4. A History and development of the Company – Recent Developments” for updated information about changes to the composition of the Senior Management since January 1, 2026.”\n\n6.BCompensation\n\nThe following section contains the compensations of the members of Credicorp Ltd.’s Board of Directors and senior management for 2023, 2024, and 2025:\n\nAs of December 31,\n\n202320242025\n\n(in thousands of Soles)\n\nDirector’s compensation (1)\n7,387 8,628 11,221 \n\nSenior Management Compensation (2)\n\ni)Remuneration\n49,573 62,258 66,485 \n\nExpense for long‑term incentive programs (Stock awards) (3)\n\ni)Value Generation\n7,127 15,066 20,954 \n\nii)Retention\n22,316 21,773 19,857 \n\nTotal86,403 107,725 118,517 \n\n(1)This item includes amounts paid by Credicorp Ltd. and its subsidiaries to the nine Directors of Credicorp Ltd. as exclusive compensation for their service as members of the Board of Directors, the Audit Committee, the Compensation and Nomination Committee, the Sustainability Committee, and the Risk Committee of Credicorp Ltd., as well as for their service on the Boards of Directors and the Executive Committees of Credicorp Ltd.’s subsidiaries.\n\n214\n\n[Table of Contents](#ib149d99176634ff8adf88f8fa17ce583_7)\n\nThe members of the Board of Directors are listed in ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES - 6.A Directors and Senior Management - (1) Board of Directors.\n\n(2)The members of senior management according to ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES - 6. A Directors and Senior Management.\n\n(3)This item includes the amounts correspond to the expenses accrued in the period in accordance with the terms of the Group's long-term incentive programs.\n\nCredicorp and its subsidiaries do not set aside or accrue funds to provide pension, retirement, or similar benefits for the directors and other members in management.\n\nFor further details about the compensation of Directors and Senior Management, see “ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES – 6.C Board Practices”.\n\nBoard of Directors Compensation\n\nInformation on the annual remuneration of directors, the remuneration of the Board Committees, as well as the list of members of the Board Committees, once approved at the respective Annual Shareholders Meeting and the Board of Directors, respectively, is made public through material event disclosures in Peru and through Form 6-K disclosures.\n\nBoard Remuneration\n\nThe remuneration of the Directors of Credicorp Ltd. and its subsidiaries is approved at their respective Annual General Meetings (AGM).\n\nThe total compensation of the Members of Credicorp Ltd.’s Board of Directors is composed of a gross annual remuneration of US$50,000 to each Director, as approved on March 27, 2023; gross annual remuneration of US$40,000 to each Director who serves in the Audit Committee; and up to US$1,500 per attended session to each Director who participates in one or more of the Board Committees other than the Audit Committee.\n\nAdditionally, the Directors of Credicorp Ltd. who also serve as Directors of its subsidiaries might receive a remuneration from such subsidiary. Those who participate in the Board of Directors of BCP Stan-alone, the main subsidiary of Credicorp Ltd., receive a gross annual remuneration of US$130,000 each and US$1,500 for each session attended by each Director serving on its Executive Committee. Directors who participate in BCP’s Risk Committee receive US$750 (gross amount) per session attended. This remuneration is applicable to those Directors who do not receive remuneration, or allowances, for the exercise of a similar function in Credicorp Ltd. or Grupo Crédito S.A.\n\nDirectors received no other compensation or benefits in their capacities as directors of Credicorp Ltd. in 2025. Neither Credicorp Ltd. nor any of its subsidiaries has any type of agreement with Credicorp Ltd.’s Directors providing for benefits upon termination of their term as Directors.\n\nSenior Management Compensation\n\nOur senior management’s compensation comprises a fixed salary and a variable compensation:\n\n•Fixed Salary\n\nThe fixed salary is that assured for under the law of the country where Credicorp operates. It is based on the position’s value and the degree of responsibility, has no variable component and is never linked to results achieved.\n\n•Variable Compensation\n\nVariable compensation is comprised of:\n\n(i)Short-term incentive compensation that encourages senior management to achieve Credicorp’s annual goals by meeting individual and organizational objectives. This incentive payment is triggered when Credicorp’s minimum net profit is delivered, calculated as a proportion of that total target met, and on the individual’s results against their particular objectives related to indicators such as profitability, efficiency, customer\n\n215\n\n[Table of Contents](#ib149d99176634ff8adf88f8fa17ce583_7)\n\nexperience, transformation and sustainability (ESG) indicators, which vary by subsidiary and are aligned with the company’s business strategy and/or the overall Credicorp strategy.\n\n(ii)Long-term incentive compensation (stock awards) aims to align the interests of the senior management with those of the shareholders so that they all share Credicorp’s successes and risks and to foster long-term value creation for the organization and its stakeholders. It has two components:\n\n•Retention: The aim is to retain executives by delivering an amount of restricted BAP shares which are vested over three years, with 1/3 released each year.\n\n•Value generation: The aim is to guide executives’ performance toward creating long-term value for Credicorp by linking payment to the fulfillment of long-term strategic indicators.\n\nRetention Stock Awards to Senior Management and Employees\n\nAs part of the Group’s long‑term incentive program designed to promote employee retention, Credicorp grants shares of its common stock to certain key executives between February and March of each year under two long‑term incentive plans: the Retention Plan and the Value Creation Plan. Under the Retention Plan, the granted shares vest on a straight‑line basis over a three‑year period, with 33.3% of the total shares vesting each year. Under the Value Creation Plan, the shares are delivered at the end of a three‑year performance period, subject to the achievement of specifics performance metrics.\n\nWe present below the common stock granted to both Credicorp’s senior management and employees during the years 2023, 2024, and 2025, and granted but unvested shares as of December 31, 2023, 2024, and 2025.\n\nYear ended December 31,As of December 31,\n\n202320242025202320242025\n\nGranted shares in unitsGranted but unvested shares in units\n\nSenior Management35,44523,26820,46562,30257,80347,792\n\nEmployees83,35959,31954,569202,948267,988347,091\n\nTotal118,80482,58775,034265,250325,791394,883\n\n6.CBoard Practices\n\nBoard Structure\n\nCredicorp’s management is the responsibility of its Board of Directors, which, pursuant to Credicorp’s Bye-laws, is composed of nine members. As of December 31, 2025, five Directors were independent. Directors may be, but are not required to be, shareholders. Directors are elected, and their remuneration is determined at the Annual General Meeting of Shareholders. Directors hold office for three-year terms. As of December 31, 2025, all Directors had been elected at the Annual General Meeting of Shareholders held on March 27, 2023, and held office until the Annual General Meeting of Shareholders in 2026. The Board of Directors has the power to appoint any person as a Director to fill a vacancy as a result of the death, disability, disqualification, or resignation of any Director for the remainder of such Director’s term. Pursuant to Credicorp’s Bye-laws, the required quorum for business to take place during a Board meeting is a simple majority of the Directors. A resolution in writing signed by all directors will be valid as if it had been passed at a Board meeting duly called and constituted. For further details, see “ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES – 6.A Directors and Senior Management”.\n\nBoard Decision-making\n\nFor the purposes of complying with the Bermuda Government’s Economic Substance regulations, the Board of Directors decided to limit its decisions to matters pertaining to the strategy, objectives, and goals of the Company, as well as main action plans and policies, risk control and management, annual budgets, business plans and control of their implementation, supervision of main expenses, investments, and acquisitions and dispositions, among other decisions of a “passive” nature related to the Company, beginning in October 29, 2020.\n\nFollowing these changes, the Board of Directors of Grupo Crédito S.A., a subsidiary of Credicorp, has the authority to make “active” decisions pertaining to Credicorp’s subsidiaries, such as making relevant strategic or management\n\n216\n\n[Table of Contents](#ib149d99176634ff8adf88f8fa17ce583_7)\n\ndecisions, incurring expenditures on behalf of affiliates, coordinating group activities, and providing credit facilities to its affiliates.\n\nBoard Committee Structure\n\nThe Boards of Directors (and Board Committees) of Credicorp and Grupo Crédito S.A. are composed of the same individuals and the management structure in both companies has been standardized. Credicorp’s and Grupo Crédito S.A.’s Boards of Directors, acting on the recommendation of the Compensation and Nominations Committee, decide on the appointment, ratification, or removal of committee members. Directors who are members of committees are appointed to an initial term of up to three-years and maintain such appointments only while being a member of the Board. Regarding Board Committees, the Board of Directors of Credicorp and Grupo Crédito S.A. designates a chairperson among its members and approves the respective charters.\n\nOn February 5, 2020, the Board of Directors agreed to simplify the structure of its committees, reducing the number of committees from seven to four. As a result, the Executive Committee and the Investment Committee were eliminated, and the Compensation Committee and the Nominating Committee were integrated.\n\nOn June 3, 2020, the Board of Directors approved new criteria to define which Directors are categorized as independent. International references for best practice were utilized to improve and broaden the independence criteria. The new scope can be found in Credicorp’s Corporate Governance Policy, which is available on Credicorp’s web page.\n\nFor the purposes of complying with the Bermuda Government’s Economic Substance regulations, Credicorp’s Board of Directors decided to limit its decisions to “passive” matters related to the Company, beginning on October 29, 2020. For further details, see “ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES – 6.C Board Decision-Making”.\n\nOn December 17, 2020, the Board of Directors of Credicorp approved an initiative to broaden the scope of the Corporate Governance Committee, which was renamed to “Sustainability Committee” to reflect its goal to lead and supervise Credicorp’s Sustainability program. For further information, see “ITEM 4. INFORMATION ON THE COMPANY – 4.B Business Overview – (1) Credicorp Overview – Our ESG Approach”.\n\nCredicorp’s Board of Directors has established the following Committees:\n\n(1)The Audit Committee was created on October 31, 2002.\n\n(2)The Corporate Governance Committee was created on June 23, 2010. On December 17, 2020 it expanded its functions and renamed as the Sustainability Committee.\n\n(3)The Compensation and Nominations Committee was formed on June 5, 2020, as a result of the integration of the Compensation Committee (created on January 25, 2012) and the Nominations Committee (created on March 28, 2012).\n\n(4)The Risk Committee was created on March 28, 2012.\n\n217\n\n[Table of Contents](#ib149d99176634ff8adf88f8fa17ce583_7)\n\n(1)Audit Committee\n\nAs of December 31, 2025, the Audit Committee’s membership is composed of three Directors from Credicorp’s Board. The Committee must include at least one member who is a financial expert and at least one member should be a woman. The Chairman of the Board of Directors cannot be a member of the Committee. All members of the Committee must be independent, according to the definition of independence set forth by Rule 10A-3 under the Securities Exchange Act of 1934 (the “Exchange Act”). In order to be considered independent, an Audit Committee member must not (i) accept from Credicorp or any of its subsidiaries, directly or indirectly, any consulting, advisory or other compensatory fee, other than the compensation paid to him or her in his/her capacity as a Director with the exception of retirement plans that meet the conditions established by the SEC; nor (ii) be an affiliated person of Credicorp or its subsidiaries (that is, they must not own or control, directly or indirectly, more than 10% of the Company's voting shares and they must not be an executive officer of Credicorp, according to Rule 10A-3 under the Exchange Act and the U.S. SEC).\n\nThe Committee has the purpose of carrying out the supervision, monitoring, and independent review of:\n\n•The processes for submission of the financial and accounting information of Credicorp and subsidiaries;\n\n•The internal control procedures of Credicorp and subsidiaries; specifically, the financial reporting internal control system;\n\n•The audits conducted on the financial statements of Credicorp and subsidiaries;\n\n•The completeness of the financial statements of Credicorp and subsidiaries;\n\n•The procedures for the receipt, retention and treatment of complaints regarding accounting, internal accounting controls and auditing matters, through Credicorp’s Complaint System; and\n\n•The appointment of the independent auditor and the internal auditor of the Credicorp and subsidiaries.\n\nThe Audit Committee safeguards the interests of investors and oversees compliance with the rules of the SEC and other regulatory entities.\n\nThe Audit Committee should act as supervisor over Credicorp's financial information system, helping to ensure that:\n\n•Management implements an adequate internal control system; in particular, the financial reporting internal control systems;\n\n•Appropriate procedures to assess the Credicorp’s and its subsidiaries’ internal control system objectively and regulatory and\n\n•External auditors, through their own assessment, review the accounting and financial policies applied in the preparation of Credicorp and subsidiaries’ financial statements.\n\nFurthermore, the Committee must facilitate communication among the external auditors, general managements of Credicorp and subsidiaries, the Internal Audit Division of BCP, in charge of the internal audit duties of Credicorp, hereinafter, the “Internal Audit Division”, and the Board of Directors of Credicorp.\n\nAs of December 31, 2025, the Audit Committee comprised three members: Ms. Patricia Lizarraga Guthertz (financial expert, independent, Chairwoman since June 9, 2020, and member since April 26, 2017), Ms. Maria Teresa Aranzabal Harreguy (independent, member since June 9, 2020) and Ms. Nuria Aliño Pérez (independent, member since April 27, 2023). On June 9, 2020, Mr. Raimundo Morales Dasso was appointed advisor to this committee. Credicorp’s Audit Committee held twelve meetings in 2025.\n\nThe Board of Directors has also assigned the Audit Committee the responsibility of overseeing the audit committees at all Credicorp’s subsidiaries, to the extent permitted by local regulations. According to SBS regulations, Credicorp’s Audit Committee functions as the statutory audit committee for BCP, SEAH, Mibanco Peru, Pacífico Seguros, Pacífico Salud and Prima AFP. Credicorp Capital Colombia, Credicorp Holding Colombia, Credicorp Capital Chile, ASB Bank Corp., Mibanco Colombia, BCP Bolivia and ICBSA are bound by special audit committee requirements set by local regulators. Nevertheless, the Audit Committee receives and oversees periodic information from the Corporate Chief Audit Executive and/or the unit’s chief auditors for all relevant Credicorp’s subsidiaries, including Credicorp Capital Colombia, Credicorp Holding Colombia, Credicorp Capital Chile, ASB Bank Corp., Mibanco Colombia, BCP Bolivia and ICBSA. Therefore, in practice, Credicorp’s Audit Committee oversees all of its relevant subsidiaries’ systems of internal control. For further information, please refer to \"Item 16G. A The New York Stock Exchange – Corporate Governance”.\n\n218\n\n[Table of Contents](#ib149d99176634ff8adf88f8fa17ce583_7)\n\nOn April 1, 2026, Mr. Juan Paredes Manrique, a recently elected member of Credicorp's Board of Directors, was named to the Audit Committee of the Board. Mr. Paredes is a financial expert. He will be replacing Ms. Patricia Lizárraga as Chair of the Audit Committee. See “ITEM 4. INFORMATION ON THE COMPANY - 4. A History and development of the Company – Recent Developments.” The Audit Committee as composed as of the date of the filing of this Annual Report has approved the Form 20-F.\n\n(2)Sustainability Committee\n\nOn December 17, 2020, the Board of Directors renamed the Corporate Governance Committee as the Sustainability Committee. As of December 31, 2025, Credicorp’s Sustainability Committee comprised five directors from Credicorp. At least two members should be independent: one of them chairs the Committee, and at least one should be a woman.\n\nAs of December 31, 2025, the Sustainability Committee is composed of Ms. María Teresa Aranzábal (Chairwoman, independent), Mr. Antonio Abruña (independent), Ms. Patricia Lizárraga (independent), Mr. Leslie Pierce (non-independent), and Mr. Pedro Rubio (non-independent). In 2025, Credicorp’s Sustainability Committee held six meetings.\n\nThe Sustainability Committee is responsible, among other functions, for (i) reviewing Credicorp's Sustainability and ESG strategy and initiatives and following up on its most relevant activities, including the Sustainability program; (ii) proposing to the Board of Directors and ensuring the execution of good practices, sustainability and corporate governance policies to be implemented throughout the Company; (iii) supervising the development of the strategic initiatives of the Corporate Compliance and Ethics Division, including assessing its performance as well as reviewing its Strategic Plan and objectives, annual work plan, periodic reports, and changes in policies; (iv) supervising the operation of the complaints system; (v) ensuring the adequate attention to conflicts of interest or ethics of Directors and senior executives, as well as transparency in relationships with related parties; and (vi) proposing to the Board of Directors the independence criteria of the Directors and the members of the Audit Committee and reviewing them periodically to ensure their validity over time.\n\nOn April 1, 2026, Mr. Manuel Romero, a recently elected member of Credicorp's Board of Directors, and Ms. Nuria Aliño Pérez, were named to the Sustainability Committee of the Board. See “ITEM 4. INFORMATION ON THE COMPANY - 4. A History and development of the Company – Recent Developments.”\n\n(3)Compensation and Nominations Committee\n\nUntil June 5, 2020, Credicorp's Board of Directors had separate committees for Compensation and Nominations. These committees were subsequently combined to form the Compensation and Nominations Committee. As of December 31, 2025, Credicorp’s Compensation and Nominations Committee consisted of five directors. At least two members should be independent, one of whom chairs the Committee, and at least one should be a woman.\n\nAs of December 31, 2025, the members of the Compensation and Nominations Committee were Mr. Alexandre Gouvêa (Chairman, independent), Mr. Luis Enrique Romero Belismelis (non-independent), Mr. Jose Raimundo Morales (non-independent), Mr. Antonio Abruña (independent) and Ms. María Teresa Aranzábal (independent). The Compensation and Nominations Committee held two meetings in 2025.\n\nCredicorp does not have a fully independent Compensation and Nominations Committee. When the Committee was created, the Board of Directors determined that the most important criterion to select Directors to serve on the Committee was deep knowledge of the organization and its people, which, coupled with the leadership and continuity provided by senior management, ensures that the organization functions efficiently. The Board of Directors believes that each individual on the Committee makes quality, independent judgments in the best interests of Credicorp with regard to all relevant issues and that the committee’s structure currently represents the best possible configuration to ensure that goals are met.\n\nThe Compensation and Nominations Committee is responsible for (i) selecting and recommending to the Board of Directors the nominees to be Directors of Credicorp Ltd. for submission to the General Meeting of Shareholders of Credicorp, as well as the nominees to fill any vacancies in the Board of Directors; (ii) performing an evaluation of the candidates for the Board of Directors to determine if they meet Credicorp's independence criteria; (iii) proposing to the Board of Directors of Credicorp, for submission to the General Meeting of Shareholders, the attendance fees, remuneration levels and other compensation and benefit policies of the members of the Credicorp Board of Directors and its Committees; and (iv) establishing the general guidelines of the Compensation Policy that must be implemented in Credicorp. The Compensation and Nominations Committee operates in accordance with the terms of reference outlined in the\n\n219\n\n[Table of Contents](#ib149d99176634ff8adf88f8fa17ce583_7)\n\nCompensation and Nominations Regulations, which is an internal regulation of Credicorp, and defines the Committee’s composition, functions, meeting procedures, and minute recording, among other aspects.\n\nOn April 1, 2026, Ms. Nuria Aliño and Mr. Pedro Rubio were named to the Compensation and Nominations Committee of the Board. Ms. Aliño will be replacing Mr. Alexandre Gouvêa as Chair of the Compensation and Nominations Committee. See “ITEM 4. INFORMATION ON THE COMPANY - 4. A History and development of the Company – Recent Developments.”\n\n(4)Risk Committee\n\nAs of December 31, 2025, Credicorp’s Risk Committee’s consisted of five directors from Credicorp or its subsidiaries. At least two members must be independent, and one should be a woman.\n\nAs of December 31, 2025, the members of the Risk Committee were Mr. Pedro Rubio (Chairman, non-independent), Mr. Luis Enrique Romero Belismelis (Chairman of the Board of Directors, non-independent), Mr. Alexandre Gouvêa (independent), Ms. Nuria Aliño (independent), and Mr. Jose Raimundo Morales (non-independent). The Risk Committee held one meeting on December 1, 2025.\n\nThe Risk Committee’s duties are: (i) acknowledging and informing Credicorp’s Board of Directors the level of compliance with the risk appetite and the level of exposure assumed by the Group; (ii) acknowledging the relevant improvements in the comprehensive risk management of the Group; and (iii) proposing to the Board the acceptable risk appetite and risk tolerance for Credicorp.\n\nOn April 1, 2026, Ms. María Inés Álvarez and Mr. Juan Paredes were named to the Risk Committee of the Board. Furthermore, Ms. Nuria Aliño Pérez no longer serves as a member to such Committee. See “ITEM 4. INFORMATION ON THE COMPANY - 4. A History and development of the Company – Recent Developments.”\n\n6.DEmployees\n\nAs of December 31, 2025, Credicorp had a total of 49,581 employees, comprising 48,320 full-time and 1,261 part-time employees, as presented in the table below. This total excludes 1,424 interns, which would increase total employees to 51,005.\n\nAs of December 31,\n\n202320242025\n\nUniversal Banking\n\nBCP Stand-alone (1)\n17,89519,03021,064\n\nInversiones Credicorp Bolivia (ICBSA) (2)\n1,8031,9002,042\n\nMicrofinance\n\nMibanco9,8429,9509,536\n\nMibanco Colombia (3)\n2,2962,2282,627\n\nInsurance and Pensions\n\nGrupo Pacífico (4)\n2,6012,82810,704\n\nPrima AFP569555534\n\nInvestment Management and Advisory\n\nASB Bank Corp.145155167\n\nCredicorp Capital Ltd. (5)\n1,7841,8281,939\n\nOthers\n\nGrupo Crédito S.A.(6)\n139202267\n\nKrealo Management S.A.(7)\n––683\n\nWally––15\n\nInstituto Bicentenario––3\n\nTotal Credicorp37,07438,67649,581\n\n220\n\n[Table of Contents](#ib149d99176634ff8adf88f8fa17ce583_7)\n\n(1)BCP Stand-alone includes employees from BCP Miami and BCP Panama and, since 2025 includes YapeMarket and Culqi.\n\n(2)ICBSA includes BCP Bolivia, Credibolsa, Credifondo, Crediseguro Seguros Personales and Crediseguro Seguros Generales.\n\n(3)Mibanco Colombia is a result of the merger of Encumbra and Bancompartir. 2019 figures only include Encumbra employees.\n\n(4)Employees of the Pacific corporate health insurance are included from 2025, also including employees of private hospitals, since in 2025 Credicorp acquired the remaining 50% of shares becoming the sole owner.\n\n(5)Includes Credicorp Capital Colombia, Credicorp Capital Chile, Credicorp Capital Securities, Credicorp Capital USA and Credicorp Capital Peru.\n\n(6)Started operations in April 2018. Previously called Credicorp Peru.\n\n(7)Includes Tenpo, Tyba and Monokera.\n\nThe following table shows employees by geographic location based on where the company operates:\n\nAs of December 31,\n\n202320242025\n\nPerú31,57833,04943,373\n\nColombia3,2793,2973,705\n\nBolivia1,8031,9002,042\n\nChile188182192\n\nPanamá143163175\n\nUSA838493\n\nMéxico—11\n\nTotal Credicorp37,07438,67649,581\n\nIn 2025, the number of Credicorp’s employees increased by 10,905, or 28.2%, mainly due to the incorporation of Pacífico corporate health insurance employees and private hospitals, that represents 7,792 or 20.1%, and the increase in technology and commercial teams at BCP Stand-alone.\n\nAll bank employees in Peru have the option of belonging to an employee union. The last strike of employees of BCP Stand-alone occurred in 1991 and did not interfere with our operations. In July 2013, we were informed of the establishment of the BCP Stand-alone independent employee union, which represented 0.17% of BCP Stand-alone’s employees at that time. Today, the employee union represents 0.6% of the total employees of BCP Stand-alone. The relationship with this union has been cordial with agreements reached since April 2016 and we are currently negotiating the 2025–2026 collective bargaining agreement.\n\n221\n\n[Table of Contents](#ib149d99176634ff8adf88f8fa17ce583_7)\n\n6.EShare Ownership\n\nBoard of Directors\n\nThe following persons were beneficial owners of the listed numbers of common shares of Credicorp Ltd. (as the term “beneficial owner” is defined in Form 20-F) as of December 31, 2025.\n\nDirectorShare OwnershipPercentage\n\nLuis Enrique Romero B.11,596,742\n(1)\n12.29%\n\nRaimundo Morales D.-- \n\nNuria Aliño P.-- \n\nPatricia Lizarraga G.-- \n\nAntonio Abruña P.-- \n\nMaria Teresa Aranzábal H.-- \n\nAlexandre Gouvea-- \n\nPedro Rubio F.-- \n\nLeslie Pierce D.-- \n\n(1)Includes beneficially owned shares of the Romero family (Mr. Luis Enrique Romero B. and their family or companies owned or controlled by them).\n\nCommon shares held by our directors and our senior management do not have voting rights different from shares held by our other shareholders. As of December 31, 2025, there are no stock options granted by Credicorp to acquire any of Credicorp’s outstanding common shares.\n\nSenior Management\n\nExcluding Mr. Luis Romero Belismelis, our Executive Chairman, whose share ownership is set forth above, as of December 31, 2025, members of our senior management, as defined in “ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES” own 157,089 Credicorp shares, which represents 0.17% of our total outstanding shares. While each member of our senior management owns Credicorp shares, none (other than our Executive Chairman) owns more than 1% of our total outstanding shares.\n\nEmployees\n\nAs of December 31, 2025, Credicorp’s employees, excluding members of our senior management, own 402,049 Credicorp shares (granted by Credicorp as part of Credicorp’s long-term compensation program for its key employees and purchased by Credicorp’s employees), which represents 0.43% of our total outstanding shares.\n\n6.FDisclosure of a Registrant’s Action to Recover Erroneously Awarded Compensation\n\nNot applicable.\n\n222\n\n[Table of Contents](#ib149d99176634ff8adf88f8fa17ce583_7)"}