Since March of this year, the municipal savings and credit banks (CMAC) can now issue credit cards without the authorization of the Superintendency of Banking, Insurance and AFP (SBS), as well as banks. To date, CMAC Cusco is the only entity of its kind that already offers this service. However, two more boxes will be […]
Tag: Jorge Solis
Term deposits give rates of 9.25% to capture bonuses
The municipal savings banks expect to capture around S/21,000 million in fixed-term deposits this 2022, according to the projection of the Peruvian Federation of Municipal Savings and Credit Banks (Fepcmac). Considering that more than 4 million workers will receive their gratuities and taking into account the current social and economic context, the fixed-term deposit becomes […]
Jorge Solís: “Financial inclusion must be on the public agenda”
The president of Caja Huancayo, Jorge Solís, explains the environment in which microfinance institutions operate and the impact of the COVID-19 pandemic on the exit of thousands of clients from the financial sector. Hence, he demands to prioritize financial inclusion, but with specific rules and policies. What is the situation of microfinance institutions? The pandemic […]