These are the cooperatives Crediban Ltda (Tacna), Credimisti (Arequipa), La Florida (Junín) and Casa Solidaria COOPAC Casasol (Arequipa). The last two had already been subjected to an intervention regime. Price of the dollar in Peru: what is the exchange rate for this Friday, April 19? Fonavi: the new payment for people over 80 begins on […]
Tag: cooperatives
SBS: savings in cooperatives will only be protected from 2025
The Cooperative Deposit Insurance Fund will cover up to S/10,000. Join the La República WhatsApp channel Price of the dollar today in Peru: what is the exchange rate for this Tuesday, March 19 Loro Piana charges $9,000 per vicuña sweater and Peruvian community members voluntarily shear the wool The Superintendency of Banking, Insurance and AFP […]
SBS dissolves 7 cooperatives and sends 2 to intervention regime
Because they are involved in the cause of inactivity or total loss of social capital and cooperative reserve. Coopac are not covered by the Deposit Insurance Fund. Join the La República WhatsApp channel Price of the dollar today in Peru: what is the exchange rate for this Wednesday, March 13 Seventh AFP withdrawal 2024 LIVE: […]
Interoperability: Cooperatives will access the compensation system of banks and savings banks
Through a circular, BCRP reported that the entry of COOPACs into clearing services “will promote access by unbanked people to digital payments and strengthen the interoperability of the payments market.” Join the La República WhatsApp channel Price of the dollar today in Peru: what is the exchange rate for this Wednesday, November 8? These are […]
SBS closes 8 cooperatives: which ones were dissolved and for what reason?
Following the intervention of the Caja Rural de Ahorro y Crédito Raíz (Caja Raíz) in August, the Superintendency of Banking, Insurance and Administrator of Pension Funds (SBS) declared on September 15 the dissolution of eight savings and credit cooperatives (Coopac ) located nationwide, according to the legal regulations bulletin of the Official Gazette El Peruano. […]
SBS declares dissolution of 8 savings and credit cooperatives due to inactivity
The Superintendency of Banking, Insurance and AFP (S.B.S.) declared this Friday, September 15, the dissolution of eight savings and credit cooperatives due to the causes of inactivity. The dissolved financial entities are the Savings and Credit Cooperative BusinessAssociation of savings and credits From the Workers of Avon Ltda ProductsAssociation of savings and credits From the […]
National cooperatives expect to place around S/500 million in credits this 2023
National cooperatives project that by end of 2023 they will place approximately S/500 million in credits for natural persons and micro and small business (Mypes), according to Aída Aguirre Higa, general manager of the Kuria Group Private Investment Fund. “The average number of loans granted by cooperatives in the country ranges from US$6,000 to US$100,000 […]
SBS closes another cooperative in Arequipa for being without funds
Another case. Grupo Inversión Sudamericano ran out of capital, it has a deficit of more than S/ 17 million. Dollar price today in Peru: what is the exchange rate for this Friday, April 14? What can I do if I receive counterfeit bills from the ATM? Arequipa. The Superintendency of Banking and Insurance (SBS)reported yesterday […]
SBS dissolves 4 credit unions due to inactivity
The Superintendency of Banking, Insurance and AFP (SBS) declared this Friday, March 31 the dissolution of four savings and credit cooperatives (COOPAC) for being involved in the cause of inactivity. Thus, through Resolution SBS 01051-2023, published today in El Peruano, the dissolution of the Alto Selva Alegre Savings and Credit Cooperative is declared. In addition, […]
State of emergency: who can reschedule their debts for up to 6 months and what conditions are requested?
following the damage caused by the passage of cyclone Yaku in several country regionsthe Superintendency of Banking, Insurance and AFP (SBS) authorized the financial entitiesthrough the Multiple Office 12174-2023-SBSto adopt exceptional measures so that they can be applied to the credits of the debtors who were affected in the Areas declared in a state of […]