Three municipal savings and credit boxes closed with loss of S/10 million, and which financial entity won more?

At the end of 2024, the municipal savings and credit boxes in the Peruwhich are the financial arm of the micro and small businesses (MYPES), registered profits of S/399 million, which implied a growth of about 50% compared to the 2023 year (S/266 million).

According to data from the Superintendence of Banking, Insurance and AFP (SBS), reviewed by this newspaper, of the 11 entities that operate in Peru, seven registered an increase in their Utilitiesone reported a considerable decrease and three entities suffered losses for almost S/10 million.

Earnings from municipal boxes in 2024

In detail, Huancayo box led the ranking of earnings with an increase of 88.9% compared to 2023, reaching a utility of S/124 million 724,000. In addition, he displaced second place to Cusco box (S/109 million) that had been heading the list for 11 continuous months. This entity reported a growth of 104%.

“He stressed for his efficient loan portfolio management, although he lost first place in the last month of the year,” said economist Leobel Amacifuen.

To complete the third place podium, Caja Arequipa registered a 36.7% increase in its profits by reporting profits for S/101 million. And although Piura box He held fourth place when registering S/30 million, was the entity that retreated the most with a 56.2% drop in its profits compared to the previous year.

Three savings and credit boxes with losses in 2024

In contrast, three municipal boxes closed the 2024 with losses, located in the last places of the ranking. These are Box of the saint which reported a 259% drop and suffer a red balance of -s/764,000.

It follows Paita box which registered a 342% drop with a loss of S/2 million 842,000, and finally Maynas box He reported a loss of S/6 million 038,000, which implied a 40%drop.

According to SBS data, which this newspaper agreed, this is the complete list with its detail of Utilities At the end of 2024:

• Huancayo box: S/124 million (88.93%)
• Cusco Box: S/108 million (104.68%)
• Arequipa box: S/101 million (36.77%)
• Piura box: S/30 million (-56.20%)
• ICA box: S/20 million (64%)
• Trujillo box s/13 million (4.16%)
• Lima box s/5 million 439,000 (165.5%)
• Tacna box: s/4 million 515,000 (358.6%
• Box of Santa: – S/764,000 (-259.9%)
• Paita box: – S/2 million 842,000 (-342.9%)
• Maynas box: -s/6 million 038,000 (-40.7%)

As for the loan portfolio, a general growth of 8.12% was observed compared to December 2023.

The Arequipa, Huancayo, Piura and Cusco boxes maintained their leadership in the market, by jointly concentrating 82% of the total participation, a result that reflects the solidity of these entities in the management of their portfolios.

Money in municipal boxes

The delinquency index of the municipal savings and credit boxes, as of December 2024, registered an increase of almost 6%. The municipal boxes most affected by this increase were Paita, with the highest index in the sector (9.83%); Maynas, which registered an index of 9.39% and Tacna, with a default of 8.82%.

A few ratios below figure Arequipa box With an index of 5.4% and the rest of the entities such as Caja Ica, Cusco, Huancayo and Lima maintained a lower delinquency, of about 4%, which shows a more efficient management in the recovery of credits.

On the other shore of the financial system, the banks recorded Record Utilities at the end of 2024 after reaching S/10.325 million, which meant 12% more than 2023. The BCP led the portfolio with S/5,216 million, followed by BBVA with 1,886 million, according to data from the SBS.