On January 3, the Superintendency of Banking, Insurance and Private Pension Fund Administrators announced in the official newspaper El Peruano, through the Resolution S.B.S. No. 04343-2023, the assignment of new administrators for 22 savings and credit cooperatives (Coopac). These managers will be responsible for carrying out the necessary procedures for the dissolution of said cooperatives.
As of 2019, the SBS has been closing several cooperatives for various reasons. This happened after, with the implementation of the Coopac Law, this entity acquired the authority to supervise these organizations, a measure taken due to the insufficient supervision that previously existed.
What are the 22 savings and credit cooperatives that will close?
Next, the 22 savings and credit cooperatives that will be closed by the S.B.S.:
- San Pedro Savings and Credit Cooperative Limited Number Two Hundred and Fifty-Four
- Virgen de la Puerta Savings and Credit Cooperative
- Virgen de Nitape Savings and Credit Cooperative
- Crece Perú Savings and Credit Cooperative
- Alto Chicama Savings and Credit Cooperative
- Chumbivilcas Savings and Credit Cooperative
- Ipemec Ltda Savings and Credit Cooperative
- Savings and Credit Cooperative Finance Support for the Entrepreneur of Peru
- Confia Emprendedora Ltda Savings and Credit Cooperative
- Solcoop Savings and Credit Cooperative Ltda.
- Sol Amazónico Savings and Credit Cooperative Ltda
- Savings and Credit Cooperative Coopera Ltda
- LOS CHANKAS Savings and Credit Cooperative
- Daniel Escobar Ltda Savings and Credit Cooperative
- Credisicuani Savings and Credit Cooperative Limited
- God Supplier Savings and Credit Cooperative
- Prosperando Savings and Credit Cooperative
- El Progreso Savings and Credit Cooperative Ltda. 277
- San Martín de Porres Residential Savings and Credit Cooperative
- Backing Savings and Credit Cooperative
- Cajamarca Savings and Credit Cooperative
- Financenter Savings and Credit Cooperative
Savings and credit cooperatives: what are they?
Savings and Credit Cooperatives Not Authorized to Raise Resources from the Public (Coopac) are non-profit cooperative organizations focused on collecting savings and providing credit to their members. These cooperatives are under the supervision of the S.B.S..
Such supervision promotes efficient administration and structured development, which is key to safeguarding members’ savings. Besides, the Superintendency of Banking, Insurance and Private Pension Fund Administrators aims to extend financial services in remote areas to boost the financial inclusion of the population.
The Coopac portal on the SBS website. Photo: SBS
Graduate of Journalism from the Pontifical Catholic University of Peru (PUCP). Web editor of the Gastronomy section of La República. Experience as an editor in other media. Also with experience in print media monitoring.
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.
