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 _______ No ___X____
Lima, March 2, 2005
Messrs.
COMISIÓN
NACIONAL SUPERVISORA
DE EMPRESAS Y VALORES
CONASEV
Re.: MATERIAL EVENT
Gentlemen:
CREDICORP LTD., in accordance with article 28 of the Capital Markets Law and CONASEV Resolution for Material Events and Reserved Information and Other Communications number 107-2002-EF/94.10, as modified by CONASEV Resolution number 009-2003-EF/94.10, complies with notifying you of the following Material Event:
The Banking Superintendency of Colombia, with Resolution No. 0387 dated February 28, 2005 declared that it did not object to the acquisition of Banco Tequendama S.A. by Banco Sudameris Colombia S.A., which completed the requirements to effect the transaction.
Our Material Event dated October 26, 2004 reported that CREDICORP LTD. approved the sale of 93.73% of the registered and paid equity capital of Banco Tequendama S.A., a Colombian bank of which CREDICORP LTD. had a stake amounting to said percentage. In the same date the Board of Atlantic Security Holding Corporation, a subsidiary of CREDICORP LTD., also approved the sale of 6.27% of the equity capital of Banco Tequendama S.A. Therefore, the Board approved the corresponding sale contract of the shares of Banco Tequendama with the acquiring company GILEX HOLDING B.V. The price for the sale of both of the above mentioned equity stakes was US$32.0 million, payable when the acquiring company GILEX HOLDING B.V. is awarded the required authorization from the Banking Superintendency of Colombia, condition that has been met with the above mentioned Resolution issued by the Colombian regulatory entity.
Gilex Holding B.V. transferred its rights to Banco Sudameris Colombia S.A., which ultimately acquired the shares of Banco Tequendama.
Sincerely,
| /s/ | Fernando
Palao |
|
CREDICORP LTD.
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| By: |
/S/
Guillermo Castillo
| |
|
Guillermo Castillo
Authorized Representative
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