Patricio Quintanilla Paulet, rector of U La Salle A basic principle of finance is the relationship between risk and profitability; Every profitable operation has a risk and as the first one is greater, so will the risk we assume. This week we received the news that the Superintendency of Banking, Insurance and AFP (SBS) has […]
Tag: Arequipa
Inflation in the south slowed, but remains above the national average
Inflation slowed down in November from 0.58% to 0.45%, but in the southern regions its percentages are still above the national average. According to the National Institute of Statistics and Informatics (INEI), Apurimac (0.91%), Tacna (0.80%) and Puno (0.80%) are the regions with the highest inflation. The items that registered the most increase were accommodation, […]
Credicoop Arequipa points out that SBS contradicts itself in intervention
According to officials and advisers of the cooperative Credicoop Arequipa, the intervention made on Tuesday by the Superintendency of Banking, Insurance and Private Pension Fund Administrators (SBS), would be contradictory with its actions in recent months. They give as an example the elevation to cooperative level 3. Although in recent days, the superintendent of the […]
SBS freezes savings in intervened cooperatives for 45 days
A couple of days ago, the Superintendency of Banking, Insurance and AFP (SBS) submitted nine Savings and Credit Cooperatives (Coopac) to the intervention regime upon verifying that they present negative patrimonies when incurring in the total loss of the capital stock and its reserves. Said Coopac are the following: Credicoop Arequipa, Integra Asociados, Grupo Prada […]
Arequipa: Credicoop was prohibited from receiving deposits since 2020
The Cooperativa de Ahorro y Crédito- Credicoop Arequipa, was prevented from receiving deposits from new savers since 2020. Last Tuesday, the Superintendency of Banking, Insurance and AFP (SBS) intervened the largest cooperative in the country (96 agencies) and declared it bankrupt under the cause of total loss of capital stock. The measure affects 60,000 members, […]
What happened to the savers after the dissolution of the PrestaPerú cooperative?
More than two years ago, thousands of savers of the then Cooperativa de Ahorro y Crédito del Perú Prestaperú They went through the same situation that the members of the Credicoop Arequipa cooperative go through today. Yesterday, this was intervened by the Superintendency of Banking, Insurance and AFP (SBS) and declared its bankruptcy under the […]
Arequipa: Credicoop clients demand from SBS solutions for the return of their money
A group of clients of the Credicoop Savings and Credit Cooperative arrived this Wednesday, December 1, to the facilities of the Superintendency of Banking, Insurance and AFP (SBS) in Arequipa, to demand a solution to your request for a refund of your invested money. Those affected were concentrated from 8:00 am outside the premises located […]
Arequipa: budget allocated to face rains and third wave at risk
The General Management of the Regional Government of Arequipa (GRA), analyzes to apply an exceptional regime while the Regional Council elects a new authority. These days a resolution would come out allowing the manager Jorge Luis Suclla sign specific executive resolutions that imply public interest or that their non-approval puts the lives of the population […]
Arequipa region could not meet deadline to approve addendum for Majes II
The Regional Government of Arequipa (GRA) suffers a crisis never seen before. This would force the Autonomous Authority of Majes (Autodema) request a new extension to Cobra, the Majes Siguas II concessionaire, to approve or reject addendum 13. “It is evident that we cannot meet the given deadline,” confessed Jorge Luis Suclla, general manager of […]
SBS intervenes 96 Credicoop branches and announces its bankruptcy
Elizabeth Huanca Urrutia and correspondents Edgar Condori fears losing his life savings and that of his parents. He is a merchant and more than ten years ago he opened a fixed-term account in the Savings and Credit cooperative, Credicoop-Arequipa. It accumulated more than S / 300 thousand. Today the destination of your money is uncertain. […]