Credicorp announced that the Credit Bank (BCP) entered into an agreement to acquire 100% of the issued and outstanding shares of Helm Bank USA for US$180 million, said amount being subject to a customary price adjustment at the closing of the transaction.
As of September 30, 2025, Helm Bank, a community bank authorized to operate in the state of Florida, United States, had US$1,141.8 million in assets and US$106.8 million in net worth.
In a statement, the financial holding company stated that the transaction strengthens Credicorp’s strategy of improving its cross-border capabilities to serve its clients with international activity, and reinforces its ability to meet the growing needs of Latin American clients, while preserving Helm Bank’s legacy as a community-focused institution.
“This acquisition allows us to deepen our ability to serve Latin Americans whose financial lives navigate both their home countries and the United States,” said Gianfranco Ferrari, CEO of Credicorp.
“We believe that Helm Bank’s legacy as a community-focused institution, along with its expertise in serving international clients, aligns perfectly with our strategy. We look forward to strengthening that role and enhancing its capabilities within our broader ecosystem.”
Credicorp is the leading financial services holding company in Peru listed on the New York Stock Exchange. It has a presence in Chile, Colombia, Bolivia, Panama and the United States.
The group has a diversified business portfolio, organized into four business lines: Universal Banking, through BCP and Banco de Crédito de Bolivia; Microfinance, through Mibanco in Peru and Colombia; Insurance and Pension Funds, through Grupo Pacífico and Prima AFP; and Investment Management and Advisory, through Credicorp Capital, Asset Management at BCP and ASB Bank Corp.
In addition, it complements its operations through Krealo, its corporate venture capital investment arm.
“Partnering with Credicorp is a natural evolution for Helm Bank,” said Mark Crisp, president and CEO of Helm Bank.
“Credicorp’s financial strength, confidence in its reputation and customer-focused philosophy provide a solid foundation for our next chapter. Together, we are well positioned to amplify our impact and deliver greater value to the communities we serve, both in the United States and Latin America.”
Completion and closing of the transaction are subject to customary closing conditions, including applicable regulatory approvals in the United States and Peru.
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