SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
Report of
Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16 of the
Securities
Exchange Act of 1934
For
the month of August 2007
CREDICORP
LTD.
(Exact
name of registrant as specified in its charter)
Clarendon
House
Church
Street
Hamilton
HM 11 Bermuda
(Address
of principal executive office)
Indicate by check mark whether the
registrant files or will file annual reports under cover Form 20-F or Form
40-F.
Form
20-F x Form
40-F o
Indicate by check mark whether the
registrant by furnishing the information contained in this Form is also thereby
furnishing the information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.
Yes o No x
December
24, 2008
Securities
and Exchange Commission
450 Fifth
Street, N.W.
Washington,
D.C 20549
Subject:
Material Event
Dear
Sirs,
We would
like to inform you that:
The Board
of Directors of Credicorp Ltd., in its session held on December 23 2008, decided
unanimously to approve:
(i) A
capital increase of up to US$ 20’000,000.00 for its subsidiary Atlantic Security
Holding Corporation (ASHC), so it can attend the capital requirement of its
subsidiary Atlantic Security Bank ( ASB), and
(ii) A
subordinated loan of up to US$ 15’000,000.00 in favor of ASB.
Both
measures will allow an increase of US$ 35’000.000 of the regulatory capital of
ASB. This capital increase will result in capitalization level significantly
higher than the minimum legal limit requested by the Monetary Authority of Grand
Cayman.
In both
agreements the Board of Directors has delegated all faculties to its managers to
carry out this agreement.
Yours
faithfully,
Fernando
Palao
Represente
Bursátil
CREDICORP
LTD.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Date:
December 24, 2008
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CREDICORP
LTD.
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By:
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/s/ Guillermo
Castillo
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Guillermo
Castillo
Authorized
Representative
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FORWARD-LOOKING
STATEMENTS
This
press release may contain forward-looking statements. These statements are
statements that are not historical facts, and are based on management's current
view and estimates of future economic circumstances, industry conditions,
company performance and financial results. The words "anticipates", "believes",
"estimates", "expects", "plans" and similar expressions, as they relate to the
company, are intended to identify forward-looking statements. Statements
regarding the declaration or payment of dividends, the implementation of
principal operating and financing strategies and capital expenditure plans, the
direction of future operations and the factors or trends affecting financial
condition, liquidity or results of operations are examples of forward-looking
statements. Such statements reflect the current views of management and are
subject to a number of risks and uncertainties. There is no guarantee that the
expected events, trends or results will actually occur. The statements are based
on many assumptions and factors, including general economic and market
conditions, industry conditions, and operating factors. Any changes in such
assumptions or factors could cause actual results to differ materially from
current expectations.