The 11 municipal savings and credit boxes operating in the Peru They reached a total of S/36 million 206,000 in Utilities at the beginning of this 2025. This result implies a strong increase of 190% compared to what was obtained in January 2024 (S/12 million 489,000). In detail, nine boxes recorded an increase in their […]
Tag: credits
Banco de la Nación provides loans with low interest rate and flexible terms of almost S/100,000: these are the requirements
The Bank of the Nation presents options for credit that reach amounts close to S/100,000, with attractive interest rates and flexible deadlines that can extend up to 72 months. For this reason, it is essential to inform yourself about the requirements and limitations of the age necessary to access this alternative of financing. The Bank […]
Banco de la Nación provides loans up to S/100,000 with low rates and greater payment term: the requirements
The state financial entity extended up to 72 months the deadline for the payment of loans with one of the lowest market rates. The Bank of the Nation (BN) extended up to 72 months (6 years) the deadline for the payment of Multired loans with the objective that public sector workers can access a credit […]
Caja Los Andes agrees purchase of the alternative credit company for S/42 million
The Rural Savings and Credit Fund The Andes announced the signing of a contract with the Savings and Credit Cooperative ABACO Y DIVISO Financiero for the acquisition of 94,054% of the shares of Alternative credit company. The transaction, which means a step of expansion of Los Andes box In the microfinance sector, it is valued […]
SBS registered 1,054 complaints of illegal financial practices: 70% is due to extortion loans applications
In a context in which the illegal, informal and extortion “bank” moves S/8,000 million in the market, according to the denounced the microfinance; The Superintendence of Banking, Insurance and AFP (SBS) explained that during 2024 they received a total of 4,014 communications on consultations and Complaints of informal money collection activities. In detail, the regulatory […]
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: Savorists of 131 cooperatives are covered with the deposit insurance fund, what is the list?
It details the SBS that in case of bankruptcy of a savings and credit cooperative, the savings of the partners are protected by this insurance. Know the amounts. From this February the Cooperative Deposit Insurance Fund (FSDC) begins to govern with the aim of ensuring the deposits of savers of those cooperatives that drag problems […]
Boxes and financial in Peru besieged by crime: illegal and extortion ‘bank’ moves s/8,000 million
The Peruvian Federation of Municipal Savings and Credit Boxes (FEPCMAC) warned that “the overflowing crime” in the country has seriously hitting microfinance constituted by municipal boxes and rural, financial and development entities of the small and Microenterprise (EDPYMES). The head of the guild, Jorge Solís, denounced that cases of extortion and threats directed not only […]
Fixed-term deposit: these are the banks in Peru that pay the most for saving your savings in July 2024
In the first months of 2024, competition among Peruvian banks has intensified significantly. The need to attract more customers has led to the financial entities to improve their offerings interest rates in term deposits. This strategy not only seeks to increase its customer base, but also to strengthen its position in the national financial market. […]
BCRP and Fed rate cuts are still uncertain
Even though US inflation continues to decline, reaching 2.6% in May, that is, ever closer to its 2% target, Jerome Powell, chairman of the Federal Reserve (Fed), said that they would still need more evidence that this inflationary behavior is constant before cutting interest rates. The Central Reserve Bank of Peru (BCRP) also decided to […]