-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TrI2bMJBSXm2/VbpRhGyG5NZL8Sqe89a+emsuNx4Yese1y6DvYlnTOl0aOoLPhYX IabQgTL39X3dJYr4C4id/w== 0000000000-05-061191.txt : 20060927 0000000000-05-061191.hdr.sgml : 20060927 20051208080350 ACCESSION NUMBER: 0000000000-05-061191 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20051208 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: CREDICORP LTD CENTRAL INDEX KEY: 0001001290 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL BANKS, NEC [6029] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: CALLE CENTENARIO N 158 LA MOLINA, 3RD FL STREET 2: DIV FINANZAS, INVESTOR RELATIONS AREA CITY: LIMA 12 PERU STATE: R5 ZIP: 00000 BUSINESS PHONE: 5113135140 MAIL ADDRESS: STREET 1: CALLE CENTENARIO N 158 LA MOLINA, 3RD FL STREET 2: DIV FINANZAS, INVESTOR RELATIONS AREA CITY: LIMA 12 PERU STATE: R5 ZIP: 999999999 LETTER 1 filename1.txt Mail Stop 4561 December 2, 2005 Walter Bayly Chief Financial and Accounting Officer Credicorp Ltd. Calle Centenario 156 La Molina Lima 12, Peru RE: Credicorp Ltd. Form 20-F for Fiscal Year Ended December 31, 2004 Filed June 30, 2005 File No. 1-14014 Dear Mr. Bayly, We have reviewed your letter filed on October 21, 2005 and the above referenced filing and have the following comments. We note your confirmation that you will amend your Form 20-F based on our comments. Where indicated, we think you should revise your proposed revisions in response to these comments. If you disagree, we will consider your explanation as to why our comment is inapplicable. Please be as detailed as necessary in your explanation. We welcome any questions you may have about our comments or any other aspect of our review. Feel free to call us at the telephone numbers listed at the end of this letter. Loan Portfolio, page 65 1. We note your proposed disclosure in response to comment 2 of our letter dated September 22, 2005. Please expand the proposed disclosure to clarify that you do not track loan write-offs and recoveries of write-offs by loan category and therefore are unable to provide all of the disclosures required by Item IV.A of Industry Guide 3. If in the future you do track write-offs and recoveries of write-offs by loan category, please make the disclosures required by Industry Guide 3. 2. In your proposed disclosure in response to comment 4 of our letter dated September 22, 2005, you state that you have recognized interest income on past due loans of US$11.0 million in 2003 and US$6.2 million in 2004. We further note that these amounts differ from those disclosed in the first paragraph on page 74 of your filing. Please revise your proposed disclosure to reconcile the different amounts or advise us. Contractual Obligations, page 98 3. We note your proposed disclosure in response to comment 5 of our letter dated September 22, 2005. Please revise your proposed contractual obligations table in Appendix D of your response to also include all long term debt obligations and long term time deposits. We note that Note 11 discloses long term time deposits and Note 14 discloses long term bonds. As appropriate, please amend your filing and respond to these comments within 10 business days or tell us when you will provide us with a response. Please furnish a cover letter with your amendment that keys your responses to our comments and provides any requested information. Detailed cover letters greatly facilitate our review. Please file your letter on EDGAR. Please understand that we may have additional comments after reviewing your responses to our comments. You may contact Michael Volley, Staff Accountant, at (202) 551- 3437 or me at (202) 551-3423 if you have questions regarding our comments. Sincerely, Amit Pande Assistant Chief Accountant ?? ?? ?? ?? Walter Bayly Credicorp Ltd. December 2, 2005 Page 2 -----END PRIVACY-ENHANCED MESSAGE-----