General Supervision of Conduct Resolution No. 012-2026-SMV/11.1

PERU Ministry of Economy and Finance

SMV
Superintendency of Securities Market
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General Superintendency Resolution SMV
Nº 012-2026-SMV/11.1

Lima, March 02, 2026

The General Superintendent of Conduct Supervision

Having seen:

File N° 2026007723, as well as Internal Report N° 242-2026-SMV/11.1 dated February 25, 2026, from the General Superintendency of Market Conduct Supervision of the Deputy Superintendency of Market Conduct Supervision.

Considering:

That, by means of a document submitted on February 17, 2026, Banco BBVA Perú requested the Superintendency of Securities Market – SMV, within the framework of an anticipated procedure, the inscription of the issuance program called «Eighth Corporate Bond Program of Banco BBVA Perú», for a maximum outstanding amount of S/ 1,000,000,000.00 (One Billion and 00/100 Soles) or its equivalent in United States Dollars, and the registration of the corresponding Framework Prospectus in the Public Registry of the Securities Market – RPMV;

That, from the documentation and information presented as support for the request to which this resolution refers, it has been noted that at the Non-Presential Mandatory Annual Shareholders' Meeting of Banco BBVA Perú on March 27, 2025, it was agreed, among other things, to approve the framework programs and their respective issuances and/or singular issuances of obligations, in the local and/or international, public or private market, for a maximum outstanding amount of US$ 4,800,000,000.00 (Four Billion Eight Hundred Million and 00/100 United States Dollars) and/or its equivalent in Soles; and, the delegation to the company's Board of Directors of the power to decide the opportunity and number of framework programs and their respective issuances and/or singular issuances, amount, type, term and, in general, the other conditions of each issuance, as well as the class of obligations to be issued, which, depending on market conditions, may consist of any class of obligations that current legal regulations allow Banco BBVA Perú to issue, including —among others— corporate bonds;

That, likewise, it has been noted that at the Board of Directors meeting of Banco BBVA Perú on May 29, 2025, among other things, the issuance of corporate bonds through an issuance program to be called «Eighth Corporate Bond Program of Banco BBVA Perú» was approved, for the amount of US$ 1,000,000,000.00 (One Billion and 00/100 United States Dollars); as well as to empower Mr. Fernando Eguiluz Lozano, Ms. Esther Dafauce Velázquez, Ms. Ruth Anabelí González Velapatiño, Ms. Sandra Elba Bianco Roa, Mr. Frank Erick Babarczy Rodríguez, Mr. Javier De La Vega Castro, or any other official who holds type B powers contemplated in the power structure of Banco BBVA Perú, so that, acting two of them jointly or each one individually, they may initiate the necessary procedures before the corresponding administrative authorities in order to obtain all necessary authorizations and favorable opinions and, in general, to initiate and carry out all procedures and processes, as well as to enter into and sign all public and private contracts and documents required for the full fulfillment of the agreement;

That, at the Board of Directors meeting of Banco BBVA Perú on November 20, 2025, the modification of the amount and currency of the «Eighth Corporate Bond Program of Banco BBVA Perú» was approved for the amount of S/ 1,000,000,000.00 (One Billion and 00/100 Soles) or its equivalent in United States Dollars, subject to prior approval and favorable opinion from the Superintendency of Banking, Insurance and AFPs – SBS;

That, by SBS Resolution N° 00123-2026 dated January 15, 2026, the SBS resolved, among other things, to favorably opine for Banco BBVA Perú to carry out the issuance of the «Eighth Corporate Bond Program of Banco BBVA Perú», for a maximum outstanding amount of S/ 1,000,000,000.00 (One Billion and 00/100 Soles) or its equivalent in United States Dollars;

That, Banco BBVA Perú has submitted the documentation and information requirements demanded by the Consolidated Text of the Securities Market Law, Legislative Decree N° 861, approved by Supreme Decree N° 020-2023-EF; as well as by the Regulation on Primary Public Offering and Sale of Securities, approved by CONASEV Resolution N° 141-1998-EF/94.10, and its amending and complementary regulations;

That, Article 7, numeral 6, of the Policy on Dissemination of Regulatory Projects, General Legal Norms, Early Agenda and Other Administrative Acts of the SMV, approved by SMV Resolution N° 014-2014-SMV/01 and its amending regulations, establishes that decisions contained in administrative resolutions that resolve the inscription of securities and the registration of the corresponding informative prospectuses for issuance programs, within the framework of an anticipated procedure, in the Public Registry of the Securities Market, must be disseminated through the SMV Institutional Page on the Single Digital Platform of the Peruvian State for Citizen Orientation (www.gob.pe/smv); and,

Based on the provisions of Articles 58 et seq. of the Consolidated Text of the Securities Market Law; as well as Article 46, numerals 4 and 6, of the Regulation on Organization and Functions of the Superintendency of Securities Market, approved by Supreme Decree Nº 216-2011-EF and its amendments, which empowers the General Superintendency of Conduct Supervision to resolve requests made by regulated entities related to primary public offerings and to evaluate and/or resolve all procedures related to such offerings, as well as to order the inscription of securities in the Public Registry of the Securities Market.

Resolves:

Article 1.- To order, within the framework of an anticipated procedure, the inscription of the issuance program called «Eighth Corporate Bond Program of Banco BBVA Perú», for a maximum outstanding amount of S/ 1,000,000,000.00 (One Billion and 00/100 Soles) or its equivalent in United States Dollars, as well as the registration of the respective Framework Prospectus in the Public Registry of the Securities Market – RPMV.

Article 2.- The inscription of securities and the registration of Framework Prospectus Supplements carried out within the framework of the program referred to in Article 1 of this resolution shall be carried out under an automatic approval procedure, provided that Banco BBVA Perú maintains its status as a qualified entity and the issuance involves typical securities. Otherwise, the inscription of securities and the registration of the corresponding prospectuses shall be subject to the provisions of Article 14, numeral 14.3.2, of the Regulation on Primary Public Offering and Sale of Securities.

Article 3.- The issuances and/or offers made, by public offering, within the framework of the program referred to in Article 1 of this resolution, in accordance with the provisions of Article 14, numeral 14.2.3, of the Regulation on Primary Public Offering and Sale of Securities, may be carried out during the six (06) years following the date of inscription of the issuance program, a term that is non-extendable.

After three (03) years of the validity of the program's inscription and within the following thirty (30) calendar days, the issuer must present an updated framework prospectus that consolidates all variations made to it as of the date of its presentation, as well as the update of the remaining relevant documentation and information; otherwise, it may not formulate new offers until it complies with said procedure.

Article 4.- The placement of securities carried out within the framework of the «Eighth Corporate Bond Program of Banco BBVA Perú» may be effected within a non-extendable period not exceeding three (3) years, counted from the date of inscription of the security in the Public Registry of the Securities Market – RPMV, provided that the validity period of the program's inscription and the anticipated procedure have not ended, and that the corresponding information and documentation are duly updated, in accordance with the provisions of Article 25 of the Regulation on Primary Public Offering and Sale of Securities.

Article 5.- The inscription of the issuance program referred to in Article 1 of this resolution has not involved administrative activities of verification, inspection, or auditing of the information presented, nor an examination of the issuer's economic-financial situation, and does not imply certification by the Superintendency of Securities Market – SMV regarding its goodness, the issuer's solvency, or the risks of the security or the offering; the issuer being responsible for the veracity of the information presented to the market, in accordance with the provisions of Articles 13, 21, 24, and 65 of the Consolidated Text of the Securities Market Law.

Likewise, the inscription of the issuance program and the registration of the Framework Prospectus do not imply that the Superintendency of Securities Market – SMV recommends investment in the securities to be issued under the referred program or favorably opines on the business prospects. The documents and information for a complementary evaluation are available to interested parties in the Public Registry of the Securities Market.

Article 6.- To disseminate this Resolution on the Institutional Page of the Superintendency of Securities Market on the Single Digital Platform of the Peruvian State for Citizen Orientation (www.gob.pe/smv).

Article 7.- To transcribe this resolution to Banco BBVA Perú, as issuer and structuring entity; to BBVA Bolsa Sociedad Agente de Bolsa S.A., as placement agent; to Banco Interamericano de Finanzas, as Representative of the Bondholders; to CAVALI S.A. I.C.L.V.; and, to the Lima Stock Exchange S.A.

Register, communicate, and disseminate.

Alix Godos
General Superintendent
General Superintendency of Conduct Supervision