The minimum share capital for the quarter corresponding to July, August and September is updated and the amount for banks, savings banks, insurance companies and other companies is reduced.
The Superintendency of Banking, Insurance and AFP (SBS) has reduced the minimum share capital for financial companies with multiple and specialized operations, as well as investment banks, insurance companies and complementary services.
Through a circular published today in the official newspaper El Peruano, this update was arranged for the quarter July-August-September of this year.
The measure affects the companies indicated in articles 16 and 17 of the General Law of the Financial System and the Insurance System and the Organic Law of the SBSThat is, companies with multiple operations such as banks, municipal savings banks, cooperatives, specialized insurance companies and others.
In the case of banking companies, the minimum share capital for the April-May-June quarter for banking companies was S/33 million 279,800. For this quarter, from July to September, the amount was reduced to S/33 million 162,600.
Likewise, in the case of municipal banks, the minimum share capital went from S/16 million 735,900 to S/16 million 676,900 for the current year. Meanwhile, that of cooperatives was reduced from S/16 million 735,900 to S/16 million 676,900.
Update of minimum share capital
| Banking companies | S/33 million 162,600 |
| Financial companies | S/16 million 676,900 |
| Municipal savings and credit banks | S/16 million 676,900 |
| Municipal popular credit fund | S/8 million 894,400 |
| Credit companies | S/1 million 507,600 |
| Cooperatives | S/1 million 507,600 |
| Rural savings and credit banks | S/1 million 507,600 |
| Real estate capitalization companies | S/8 million 894,400 |
| Financial leasing companies | S/5 million 425,600 |
| Factoring companies | S/3 million 015,200 |
| Surety and guarantee companies | S/3 million 015,200 |
| Trust service companies | S/3 million 015,200 |
| Mortgage servicers | S/5 million 443,100 |
Source: Larepublica
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