SBS authorizes Compartamos Financiera to become a bank: This will be called

The Superintendence of Banking, Insurance and AFP (SBS) authorized Let’s share financialentity that is part of the capitalization of the Mexican group Peoplerato operate as a bank in Peru, as detailed in a report elevated to the Securities Market Superintendence (SMV).

“On January 31, 2025, the SBS notified Compartamos Financiera, by meansLet’s share bank “read in the document.

As the company recalled, on January 30 of last year, the Board of Directors Let’s share financial agreed to qualify as reserved information the conversion of the company of a financial company to a Banking Companywhich was properly communicated to the SMV at the time.

Now, let’s share financial, which initiated its operations in 1998 in the country, will have the power to carry out operations as granted by the General Law of the Financial System and the Insurance and Organic System of the BANK AND INSURANCE SUPERINTENDENCEsuch as: Receive term and savings deposits, grant overflows or advances in current accounts, grant direct credits, with or without guarantee, grant mortgage loans and pledge, carry out credit operations with banks and financial abroads, as well as conduct deposits in both.

New Bank Compartamos Financiera: profits

According to SBS data, at the end of November 2024, Let’s share financial He led the margin of net profits against the other eight financial ones in the country. Thus, as detailed, he recorded a gain of S/87 million 987,000, follows Effective With S/52 million and Maf With S/49 million to complete the podium.

In MoneyCompartamos registered a 6.2%rate, while Patrimonial solvency Reflected in its global capital (RCG) ratio – indicator to evaluate financial solidity and loss absorption capacity, reached 20.9%, one of the highest.

At the end of the first semester of 2024, Compartamos Financiera had 117 agencies, of which two are offices shared by agreement with the Bank of the Nation. Similarly, it has the support of its shareholder, Peoplera, Holding of the Compramos Group, whose main company is the Banco Comramamos, a leading entity in the Mexican microfinance sector. This entity has an international risk classification granted by Fitch Ratings of “BB+”, with stable perspective.

How many clients do we share financial?

The Financial Compartamos agencies are located in Lima and Arequipa, with presence in 20 departments throughout the country. This entity registered about 933,000 direct credits clients.

The Superintendence of Banking, Insurance and AFP (SBS) yesterday the conversion of Compartamos Financiera into a banking entity, which will begin operating under the name of Compramos Banco.

Thus, the entity must manage the publication of its Certificate of Authorization for Conversion in the Official Gazette The Peruvian in the next 10 business days and then in a National Circulation Diary.

Compartamos Banco has a maximum period of 90 days to send to the SBS the Public Conversion Deed registered in public records.