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: cusco box
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 […]
Municipal Boxes win S/399 million, but three drag losses and are observed by the SBS
At the end of 2024, the municipal savings and credit boxes in Peru, financial arm of micro and small businesses (Mypes), registered a total of S/399 million in their earningswhich implied a growth of almost 50% compared to the year 2023 that obtained S/266 million. “It is a general recovery for the economy of 2024, […]
Where do you keep your money?: These 2 banks closed their profits with millions of soles in losses, according to the SBS
According to the information provided by the Superintendence of Banking, Insurance and AFP (S.B.S.), at the end of March 2024the financial entities Banco Ripley and Banco Pichincha had losses of millions of soles compared to a previous month. In the case of Ripley Bankclosed February with losses of 10 million soles, a figure that increased […]
What are the municipal savings banks that offer credit cards? Check the requirements to access
The Municipal Savings and Credit Bank of Piura launched its new financial product a few days ago that seeks to facilitate purchases and payments related to the business in favor of micro and small businesses. In this way, it became the second municipal savings bank to issue its own credit card. As recalled, in March […]
Municipal banks in trouble: microfinance profits fall between 30% and 70%
The Municipal Savings and Credit Banks (Fepcmac) face a reduction in their profits that ranges between 30% and 70% due, in part, to late payments and non-payment by some clients who had rescheduled their debts. According to a magazine report Microfinancethe majority of these microfinance institutions are going through an adverse scenario for their profitability […]
Credit cards from savings banks: how much will your interest rate be compared to that of the banks?
The Congress of the Republic approved by insistence, on Friday, March 3, the law that allows municipal savings banks to issue credit cards without the express authorization of the Superintendence of Banking, Insurance and AFP (SBS). The initiative authorize that you are financial entities manage and manage up to four products: credit cards, checking accounts, […]