7,227 million soles were withdrawn from the Compensation for Time of Services (CTS) accounts in the financial system, as reported by the Superintendency of Banking, Insurance and AFP (SBS) to a local media.
And it is that deposits were reduced by 34%, going from a balance of 21,243 million soles last April to 14,015 million soles on the last September 9. This was seen after the entry into force of the law that allows the withdrawal of 100% of the funds.
The regulator explained that it cannot be determined precisely how many clients with CTS deposits withdrew all or part of these savings, since it is required to have detailed information protected by bank secrecy.
However, it was observed that some 499,455 clients with balances greater than 1,072 soles, covered by the Deposit Insurance Fund (FSD), subsequently ceased to be reported. “From this, it is inferred that at least these depositors made the withdrawal of their CTS until placing it in a balance of less than 1,072 soles,” he indicated.
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