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 […]
Tag: cooperatives
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 […]
If the bank or savings bank goes bankrupt, up to what amount can I recover my savings?
Have you ever wondered what happens if the bank to which you have entrusted your savings declare bankruptcy? It is necessary to know that there is a Deposit Insurance Fund (FSD), which is a financial backing in case the entity is declared in a state of dissolution and liquidation. Can you get all your deposited […]
Arequipa: Credicoop partners await resolution of the Constitutional Court
The partners of the intervened cooperative Credicoop Arequipa, are awaiting the ruling of the Constitutional Court of the Court of Arequipa, on an amparo lawsuit to annul resolution 3609-2021 of the Superintendence of Banking, Insurance and AFP (SBS) . The last Tuesday the 15th ended the hearing where the parties gave their arguments. They are […]
Arequipa: Mi Financiera freezes interest payments until December
By: Roberth Orihuela Through a statement, the Savings and Credit Cooperative (Coopac) My Financial, informed that the interests that must be paid to savers who have fixed and mobile deposits will be frozen until at least December 31 of this year. In addition, they announce will accept returns of such depositsSince August, but at the […]
Arequipa: My Financial was already in judicial liquidation
By: Roberth Orihuela The closure of three branches of the Savings and Credit Cooperative (Coopac) My Financial, in recent days, caused concern in the cooperative members. Given this, they said, they went to ask about the situation of their savings and if they could withdraw them. The responses they received were negative, they were only […]
Arequipa: SBS will start refunding Credicoop savers at the end of February
The savers of the liquidated cooperative Credicoop Arequipa they might get some of their money back sooner than they expected. Yesterday the Superintendence of Banking, Insurance and AFPs (SBS) announced that at the end of February they will begin with the return of deposits to the affected members. This will be possible because the SBS […]
Midagri started a national registry of agricultural cooperatives to create a database
The Ministry of Agrarian Development and Irrigation(Midagri) started the register of agricultural cooperatives in the country. The objective of this initiative is create a single decentralized national database that allows to properly identify and know the agricultural cooperatives, community cooperatives and central agricultural cooperatives, as reported by Midagri. “The existence of a registry will contribute […]
Cooperatives will be able to access the guarantee program for loans from the financial system
The Executive Power issued an emergency decree on Monday that establishes extraordinary measures to strengthen the system of savings and credit cooperatives not authorized to attract resources from the public (Coopac). The Urgency Decree No. 111-2021 is intended to allow access to the National Government Guarantee Program for Financial System Companies to savings and credit […]