According to the official portal of the Superintendency of Banking, Insurance and AFP (SBS), there are eight financial entities. However, this could change after the publication of the SBS Resolution No. 00169-2024, in which they allow the operation of a new one. This is because – according to the document – it has complied with the requirements established in Procedure No. 1B of the Single Text of Administrative Procedures (TUPA), which was approved by SBS Resolution No. 1581-2023 and its amendments. .
Find out, in this note, which is the new financial institution that would begin to operate in Peru and what is missing for it to come into effect.
What is the new financial institution that has authorization from the SBS?
In accordance with SBS Resolution No. 00169-2024, the new financial company that has received permission from the SBS has the corporate name of Santander Financing SA and has Pedro José Navea Hidalgo as legal representative. This company is authorized as a multiple operations company.
However, for it to come into operation, 10 days must pass after its publication in the official newspaper El Peruano and, after that, it must be published in a newspaper of national circulation and wait the same period of time for it to be valid. .
What is a financial entity?
According to the SBS, a financial institution “It is the company that receives money from people and lends it for personal projects”. They do this through loans and, subsequently, the person who receives it must pay interest, which is the extra amount that one pays for this service.
In the case of financial companies, they are in the non-banking sector and currently — according to the SBS — there are 8 of these companies in Peru:
- Crediscotia
- Trust
- let’s share
- Credinka
- Effective
- Proempresa
- Mitsui Auto Finance
- Oh!
- Qapaq
Source: Larepublica
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