At the end of 2023, loans to individuals rose 7.1%, according to the Central Reserve Bank of Peru (BCRP). This increase would be leveraged by the use of Credit cards especially from people who experienced unemployment or underemployment while we were experiencing a high price cycle and despite the fact that interest rates remain high, […]
Tag: S.B.S.
SBS declares the closure of 4 savings and credit cooperatives: which are they and for what reason?
The Superintendency of Banking, Insurance and AFP (SBS) declared the dissolution of four savings and credit cooperatives (Coopac), in accordance with the resolutions published this Friday, January 26 in the Official Gazette El Peruano. Likewise, the entity ordered that the Apoyo Financiero de Arequipa cooperative be subject to its intervention. In the following note from […]
Fitch: Political unrest slows investment
For more than three years, Peru’s credit rating has been on a negative outlook due to “the continued high level of political uncertainty and further deterioration in governance,” according to Fitch Ratings. Looking ahead to 2024, the behavior of the operational area – technicality with which Fitch refers to the political situation— will still play […]
SBS reported more than 70 informal loan applications in 2023: what are they?
The Superintendency of Banking, Insurance and AFP (SBS) alerted the population about the financial informality schemes that have been increasing in our country in recent years. In total, 2,891 emails have been received with complaints and queries from citizens during 2023, of which 1,847 were responded to. Likewise, the SBS published five statements regarding the […]
Repro AFP III: public entities will be eligible until February 28, 2024
The Superintendency of Banking, Insurance and AFP (SBS) has approved complementary rules and the operating procedure so that public entities can benefit from the Regime for Rescheduling Payment of Pension Contributions to the Pension Funds of the Private System for the Administration of Pension Funds owed by public entities (Repro AFP III). SBS Resolution 00197-2024 […]
SBS will close 22 savings and credit cooperatives: which ones are they?
Join the La República WhatsApp channel On January 3, the Superintendency of Banking, Insurance and Private Pension Fund Administrators announced in the official newspaper El Peruano, through the Resolution S.B.S. No. 04343-2023, the assignment of new administrators for 22 savings and credit cooperatives (Coopac). These managers will be responsible for carrying out the necessary procedures […]
The minimum capital of the AFPs will be S/3 million 597,276 in 2024, announces the SBS
For 2023, the SBS had established a minimum capital of S/3 million 484,483. The update is carried out in accordance with the provisions of article 14 of the Single Ordered Text of the Law of the Private Pension Fund Administration System. Join the La República WhatsApp channel Price of the dollar in Peru: what is […]
Mortgage loans: which banks and savings banks offer the lowest rates to buy a house?
Taking the step towards owning your own home is a desire shared by many, and mortgage loans are one of the ways to make it a reality. Discover in this guide the banks and savings banks that stand out for offering lower interest rates, according to information from the S.B.S. (Superintendency of Banking, Insurance and […]
Bank interest rates will remain high during the summer
When the pandemic suddenly stopped economic activity, the Central Reserve Bank of Peru (BCRP) decided to bring the reference interest rate closer to 0% to make credit cheaper. Once the health catastrophe had passed, the excess liquidity due to the constant withdrawals of AFP, CTS and, in part, bonds, in an adverse global context, catapulted […]
How to get off Infocorp’s debtor list and get a loan again in 2024?
If you want to start the year debt-free and no longer appear on Infocorp’s list of defaulters, pay attention to the following information. First, we must highlight the importance of all citizens knowing what their rating is in the credit center because, thanks to that information, they can apply for loans or start a business. […]