The Superintendency of Banking, Insurance and AFP (SBS) authorized the entities of the financial system to adopt exceptional measures and grant a term of up to six months to the debtors of the loan portfolio, since they may have been affected by social conflicts or weather phenomena, which have led the authorities to declare certain areas in a state of emergency.
The measures will be evaluated by each company in the financial system before analyzing the level of impact on its debtor portfolio, the SBS said.
According to the president of the Association of Microfinance Institutions (Asomif), Jorge Delgado, entities must evaluate the particular situation of their clients, which will vary depending on the productive sector where they operate.
“The agricultural sector is much more complicated because every six months they just generate income; On the other hand, in commerce, there are those who not only have payments pending with financial entities, but also with their suppliers”, he explained.
Banks, savings banks and cooperatives may modify the contractual conditions of retail loans — consumer, mortgage, microenterprise and small business — without this constituting refinancing or a deterioration in the credit rating of the debtors. Those who do not need to take advantage of this measure must notify the corresponding entity.
The data
Panorama. Due to social conflicts, so far in 2023, BCP offered installment extensions to 852 SME clients with a balance of S/243,000.
Source: Larepublica
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