The Superintendence of Banking, Insurance and AFP (SBS) reminded the savings and credit cooperatives not authorized to receive resources from the public (COOPAC), the validity of the exception measures, established in the multiple trade No. 29470-2023, which can be applied to the credits of their debtors affected by the statement of the state of emergency due to climatological phenomena.
Recall that about 600 districts of the North coast and the Sierra del País are at risk caused by intense rainfall that affect the country, according to the National Institute of Civil Defense (INDECI). As a balance, 46 deaths have been left, more than 8,500 victims and 635 housing destroyed.
The measures indicated by the SBS They seek to mitigate the risk of economic losses and difficulties that debtors may face in affected areas. They also allow cooperatives to modify the contractual conditions of the credits without these implying refinancing.
This, to the extent that certain criteria are fulfilled, such as that, at the end of the month prior to the declaration of the state of emergency or the reprogramming date, the debtors have been classified as normal or with potential problems (CPP) and that They have presented a delay no more than 30 calendar days, among other prerogatives.
The total term of those referred to be extended for up to six months of the original term. In addition, the multiple trade establishes provisions for the prudential and accounting treatment of said credits.
In this way, the regulatory entity reiterates its commitment to protect the interests of cooperative partners, especially given the critical situation that they are going through various areas of the country due to heavy rains.
Cooperatives Protected by Insurance
Since February, the cooperative deposit insurance fund (FSDC) governs with the aim of ensuring deposits of savers of those cooperatives that drag problems in their operations.
As detailed by the Superintendence of Banking, Insurance and AFP (SBS), there are 131 Cooperatives that have such coverage, after having accredited one of the main requirements such as the payment of their contributions for 24 months.
The Superintendency points out that In case of bankruptcy of a cooperativethe savings of the partners are covered by this insurance of up to a maximum of S/5,000 in the case of level 1 and 2 with total assets lower than or equal to 32,200 UIT (less or equal to S/172 million 270,000) .
It is also covered by up to a maximum of S/10,000 for level 2 cooperatives with total assets greater than 32,200 UIT (more than S/172 million 270,000) and level 3.
Source: Larepublica
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