SBS: “Large partners of Credicoop Arequipa would not recover their total deposits”

The SBS superintendent, Socorro Heysen, informed the Production, Mype and Cooperatives Commission that, regarding the situation of the members of the Credicoop Arequipa cooperative, the real assets of the cooperative must be determined (which would take a few months) and that it will then be carried out an equal payment to all creditors. This way, the smaller members will be able to get their full money back first.

“How many partners can recover their money the total depends on how negative the assets of the cooperative. (…) Unfortunately partners with the largest deposits, with very high probability, would not recover their total deposits. Smaller partners if they succeed recover all during the liquidation process, “he said.

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At another time, the superintendent Oscar Basso, reported that, regarding the Credicoop cooperative, they have recognized that they lost S / 200 million of the savings of the operating partners. He assured that the SBS will carry out a detailed investigation to calculate Credicoop’s actual deposits, which it estimates would reach S / 400 million. “If they themselves affirm that they have lost S / 200 million, it means that more than 40% of the deposits have been lost,” he reported.

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