Caja Piura, which was appointed yesterday by the Superintendency of Banking, Insurance and AFP (SBS) to manage the loan and deposit portfolio of the intervened Caja Sullana, asked the latter’s savers to remain calm, pointing out that their funds are guaranteed thanks to the solvency and liquidity of Caja Piura.
“In the coming days, Caja Piura will focus on integrating the data of almost a million people who had their savings and other financial products in Caja Sullana“The goal is to ensure that these customers are served as quickly as possible through all available service channels,” said José Arias Arámbulo, business manager of Caja Piura.
For her part, Patricia Rojas Jaén, Innovation Manager of Piura Boxhighlighted the presence of the entity in all regions of Peru and stressed that they have made significant investments in cybersecurity to guarantee the protection of their clients’ financial operations. “We are taking on a new challenge and our family is growing,” said the executive.
It is important to mention that, according to the SBS, depositors and debtors of CMAC Sullana under the Special Transitional Regime will become clients of CMAC Piura, respecting the terms and conditions initially agreed upon. The winning entity will inform its new clients of the start date for their service, after completing the corresponding administrative procedures.
Key player in the box market
In May of this year, Piura Box reached an available liquidity of S/1,422 million 546,252.99, positioning itself as the municipal savings bank with the highest liquidity in the country. This figure reflects Caja Piura’s ability to protect the savings of its 1 million 872,039 saving clients.
Likewise, one of the main indicators of an institution’s financial health is the capital ratio. In this regard, Caja Piura stands out with 13.92%, far exceeding the minimum of 8% established by the Basel Committee“This percentage reflects prudent and effective management of the entity’s resources,” the entity stressed.
In a statement, Caja Piura stressed that its commitment “is to guarantee a rigorous risk management policy that ensures the deposits of its clients.” As of May 2024, Caja Piura’s assets exceed S/7,196 million 805,280.97, evidencing notable growth and stability in the sector.
As for the liquidity ratio in national currency, in the case of Caja Piura it is 31.79%, and a solvency of 13.99%. According to official figures from the SBS, these values are well above the average of the Municipal Savings Bank systems, which is 24.02% and 13.77%, respectively.
Source: Larepublica
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