{"url_path":"/sec/bap/10-k/2026/item-9","section_key":"item-9","section_title":"Item 9 THE OFFER AND LISTING","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":833,"has_tables":true,"body_markdown":"ITEM 9.THE OFFER AND LISTING\n\n9.AOffer and Listing Details\n\nOur common shares have been traded on the NYSE since October 25, 1995. Our common shares also trade on the BVL. They are quoted in US Dollars and trade under the symbol BAP on both exchanges.\n\nAs of December 31, 2025, Credicorp issued 94,382,317 registered common shares with a nominal par value of US$5.00 per share. Under Credicorp’s Bye-laws, any holder of such shares is entitled to one vote per share, such dividends as the Board of Directors may from time to time declare and the surplus assets of Credicorp in the event of a winding-up or dissolution. Credicorp’s shareholders do not have preemptive purchase rights under the Company’s Bye-laws.\n\n9.BPlan of Distribution\n\nNot applicable.\n\n9.CMarkets\n\nThe BVL is the principal non-U.S. trading market for our common shares. See “Item 9. THE OFFER AND LISTING – 9.A Offer and Listing Details” for information regarding the trading of our common shares on the NYSE.\n\n230\n\n[Table of Contents](#ib149d99176634ff8adf88f8fa17ce583_7)\n\n(1)Trading\n\nAs of December 2025, there were 236 companies listed on the BVL, which is Peru’s only securities exchange and was established in 1970. Trading on the BVL is primarily done on an electronic trading system, though trading may also occur in an open outcry auction floor session. Trading hours occur from Monday through Friday as follows:\n\nFrom the second Sunday of March through the first Sunday of November of each year:Pre-Opening07:30-08:20\n\nOpening session:08:20-08:30\n\nTrading I:08:30-14:22\n\nTrading II14:22-14:52\n\nClosing session:14:52-15:00\n\nClosing Price publication15:00-15:02\n\nTrading at closing price:15:02-15:10\n\nPost-Closing15:10-15:30\n\nFrom the first Sunday of November through the second Sunday of March of each year:Pre-Opening07:30-09:00\n\nOpening session:09:00-09:30\n\nTrading I:09:30-15:22\n\nTrading II15:22-15:52\n\nClosing session:15:52-16:00\n\nClosing Price publication16:00-16:02\n\nTrading at closing price:16:02-16:10\n\nPost-Closing16:10-16:30\n\nTransactions during both the open trading and the electronic sessions are executed through brokerage firms and stockbrokers on behalf of their clients. Brokers submit their orders in strict accordance with written instructions, following the chronological order in which they were received. The orders specify the type of security ordered or offered as well as the amounts and price of the sale or purchase. In general, share prices are allowed to increase or decrease up to 15% for Peruvian companies, and up to 30% for foreign companies, within a single trading day.\n\nThe total amount traded on the BVL was US$4.4 billion in 2025, below the 2024 level of US$6.3 billion but higher than the level of the previous five years (US$2.2 billion in 2023, US$3.7 billion in 2022, US$5.7 billion in 2021, US$5.8 billion in 2020 and US$5.5 billion in 2019). The 2024 figure is half the record level obtained in 2007, in which trading volume reached US$12.4 billion. The Peruvian stock market capitalization amounted to US$266.5 billion, compared to US$184.7 billion in 2024, US$177.7 billion in 2023, US$141.7 billion in 2022, US$148.5 billion in 2021, US$165.5 billion in 2020 and US$162.0 billion in 2019.\n\n(2)Market Regulation\n\nPeruvian Securities Market Law (the consolidated text currently in force, approved by Supreme Decree No. 020‑2023‑EF) addresses matters such as transparency and disclosure, takeovers and corporate actions, capital market instruments and operations, the securities markets and broker-dealers, and risk rating agencies. The SMV, which is a governmental entity attached to the MEF, was given additional responsibilities relating to the supervision, regulation, and development of the securities market, while the BVL and its member firms were given the status of self-regulatory organizations. Additionally, a unified system of guarantees and capital requirements was established for the BVL and its member firms.\n\nThe SMV is governed by a five-member board, which includes the Securities Market Superintendent, who presides over the board, and four directors appointed by the executive branch: one proposed by the MEF, one proposed by BCRP, one by SBS and one Independent Director. The SMV has broad regulatory powers, which include studying, promoting, and establishing rules for the securities market; supervising its participants; and approving the registration of public offerings of securities.\n\nOn August 22, 1995, the SMV approved regulations governing the public offering of securities in Peru by entities organized outside of Peru and, for the first time, authorized foreign companies to be listed on the BVL. On October 25,\n\n231\n\n[Table of Contents](#ib149d99176634ff8adf88f8fa17ce583_7)\n\n1995, we became the first non-Peruvian company to list our shares on the BVL. For further details, see “ITEM 4. INFORMATION ON THE COMPANY – 4.B Business Overview – (6) Supervision and Regulation – 6.2 Subsidiaries – 6.2.1 Peru”.\n\nPursuant to the Peruvian Securities Market Law, the BVL must maintain a guarantee fund that is funded by its member firms. The actual contributions to be made by the 24 member firms of the BVL are based on volume traded over the exchange. In addition to the guarantee fund managed by the BVL, each member firm is required to maintain a guarantee for operations carried out outside the exchange in favor of SMV. Such guarantees are generally established through bank guarantees issued by local banks.\n\n9.DSelling Shareholders\n\nNot applicable.\n\n9.EDilution\n\nNot applicable.\n\n9.FExpenses of the Issue\n\nNot applicable."}