Credicorp Ltd: Perez-Reyes to become Mibanco’s CEO; Ignacio Belaunde appointed as new CFO

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Credicorp Ltd: Perez-Reyes to become Mibanco’s CEO; Ignacio Belaunde appointed as new CFO

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Credicorp Ltd

Perez-Reyes to become Mibanco’s CEO;

Ignacio Belaunde appointed as new CFO

Maintain Rating: BUY | PO: 361.00 USD | Price: 317.68 USD

Executive leadership succession appointments 13 May 2026

As part of its ongoing succession planning and talent development process, Credicorp Equity

announced several key executive appointments. Alejandro Perez-Reyes was named Head

Ernesto Gabilondo >>

of Microfinance at Credicorp and CEO of Mibanco Perú, while Ignacio Belaunde was Research Analyst

appointed CFO of Credicorp and BCP. Both appointments will be effective on October 1. Merrill Lynch (Mexico) +52 55 5201 3428

In addition, Rosa Cigüeñas Espinel was appointed Chief Corporate Audit Officer, ernesto.gabilondo@bofa.com

effective May 1, 2027. Mario Pierry

Research Analyst

Alejandro Perez Reyez to become Mibanco’s CEO BofAS+1 646 743 0047

Since assuming the role of CFO in July 2024, Alejandro Perez Reyes has overseen strong mario.pierry@bofa.com

financial performance at Credicorp, including record profitability, with NIMs reaching a Antonio Ruette >> Research Analyst

historical high of 5.3% and earnings driven by loan growth, higher fee income, and solid Merrill Lynch (Brazil)

insurance and risk management results. Effective October 1, he will be appointed CEO of +55antonio.ruette@bofa.com11 2188 4225

Mibanco, where management expects his experience, strategic perspective, and deep Augusto Uehara >>

knowledge of the group to help strengthen the franchise, enhance risk-adjusted growth, Research Analyst

Merrill Lynch (Brazil)

and expand the bank’s ability to serve micro-entrepreneurs and underserved clients. +55 11 2188 4651

augusto.uehara@bofa.com