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News  ›  GlobeNewswire Inc.

Credicorp Ltd.: Banco de Crédito del Perú to acquire 100% of Helm Bank USA

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Credicorp Ltd.: Banco de Crédito del Perú to acquire 100% of Helm Bank USA

Credicorp Ltd.'s subsidiary Banco de Crédito del Perú (BCP) has agreed to acquire 100% of Helm Bank USA for USD 180 million. The acquisition aims to enhance Credicorp's cross-border capabilities and better serve Latin American clients with financial needs spanning both their home countries and the United States. Helm Bank, a Florida-based community bank with USD 1.1 billion in assets, will maintain its community-focused legacy under Credicorp's ownership. The transaction is subject to regulatory approvals in the United States and Peru.

Insights
JETU   neutral

Proposed a modular approach to AI agents, focusing on specialized, discrete task performance


BAP   positive

The acquisition demonstrates strategic expansion into the U.S. market and strengthens Credicorp's ability to serve internationally active Latin American clients. Leadership expresses confidence in the strategic fit and growth potential, indicating positive momentum for the company's cross-border capabilities.