Through resolutions, the Superintendency of Banking, Insurance and AFP (SBS) dissolved five savings and credit cooperatives not authorized to raise resources from the public (Coopac). The measures, published on May 27 through the Legal Standards bulletin of the official newspaper El Peruano, are based on the functions of the SBS to regulate and supervise the activity of the entities of the financial system, which is stipulated in the Law. No. 30822, also known as Coopac Law.
Following the provision, the entities subject to the SBS provision are the following: Señor de Ánimas Savings and Credit Cooperative of Canchuillca, Niño Jesús Savings and Credit Cooperative of Pacucha, Yayantsi Savings and Credit Cooperative, Santo Domingo del Sur Savings and Credit Cooperative Ltda. and Crediconfianza Savings and Credit Cooperative.
Why did the SBS dissolve 5 savings and credit cooperatives?
The reason why Superintendency of Banking, Insurance and AFP made the decision to dissolve 5 savings and credit cooperatives corresponds to the fact that The entities were immersed in the cause of inactivity, in accordance with the details explained in the respective resolutions. For this reason, those affected were excluded from the National Registry of Savings and Credit Cooperatives Not Authorized to Raise Resources from the Public.
What happened in each case of the 5 savings and credit cooperatives?
As stipulated in the resolutions of the S.B.S.the Coopac recorded financial losses, as they did not present their financial statements in a timely manner.
With respect to the Señor de Ánimas de Chanchuillca Savings and Credit Cooperative, located in Chalhuanca, Aymaraes; Crediconfianza and Coopac Santo Domingo del Sur Ltda did not report their account statements for the corresponding periods between December 2023 and March 2024.
Likewise, the Yayantsi Savings and Credit Cooperative and the Coopac Niño Jesús de Pacucha did not show their financial balance from September 2023 to March 2024.
What actions cannot be taken against the 5 Coopac dissolved by the SBS?
After the publication of the resolutions in the official newspaper El Peruano, the following actions are prohibited from being initiated:
- Create liens on any of your assets as security for the obligations that concern you.
- Pursue the execution of judicial resolutions issued against you.
- Initiate judicial or administrative proceedings against them for the collection of debts owed to them.
- Make payments, advances or compensation, or assume obligations on her behalf, with funds or assets that belong to her and are in the possession of third parties.
- Establish a precautionary measure against their assets.
Who was in charge of the 5 savings and credit cooperatives dissolved by the SBS?
Until the end of the dissolution of the Coopac, the SBS established that the affected entities be directed by temporary administrations to assume their representation. Below is the detail of who was in charge.
- Coopac Santo Domingo del Sur Ltda: Rosario Tapia Casas was appointed as the temporary administrator.
- Yayantsi Savings and Credit Cooperative: Rosa Luna Aliaga was appointed as temporary administrator.
- Coopac Señor de Ánimas de Chancuillca: Rocío La Rosa León was designated
- Niño Jesús de Pacucha Savings and Credit Cooperative: Joseph Luna Serrano was appointed
- Crediconfianza: Anabel Huillcahuamán Cuchillo was appointed as temporary administrator
Source: Larepublica
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