The Superintendency of Banking, Insurance and AFP (SBS) yesterday declared the dissolution of eight savings and credit cooperatives (Coopac) because they are inactive, that is, they have not submitted their financial statements for two consecutive periods within a period of one year.
The dissolved entities are Coopac Negocios (Moquegua), Coopac De los Trabajadores de Productos Avon Ltda (Lima), Coopac De los Collaboradores de Natura Cosmticos SA Limitada (Callao), Coopac Credialtoque Perú Limitada (Puno), Coopac Cash Global del Perú ( Lima), Coopac Ayni (Cusco), Coopac Eurocredit Limitada (Puno) and Coopac San Antonio (San Martín).
Critical situation
The Economist Ronald Casana explains that since 2019 the current state of the Coopac is critical, since many of the smaller do not meet the minimum requirements established by the SBS, which has led to its intervention.
“Two years ago we had around 487 cooperatives, and during that period more than 100 cooperatives “They have dissolved,” he points out.
In this context, it stands out that the most affected are those of smaller size, specifically those that are within level 1. These cooperatives represent approximately 200 entities and manage around 5% of the credits granted to them. microenterprises throughout the Peruvian territory.
Finally, he emphasizes that the dissolutions increase the reputational risk of the Coopac.
They intervene in the cooperative La Solution
The SBS also declared the submission to the Intervention Regime of the La Solution de Arequipa LTDA Savings and Credit Cooperative for being subject to the cause of total loss of social capital and “the cooperative reserve established in current regulations.”
In addition, the temporary administrators To continue with the process.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
