“Save bread for May,” says one of the most popular morals in our country, considering that we are not free from the calamities of life; for example, the current deterioration of the Peruvian economy. In this regard, the Superintendency of Banking, Insurance and AFP (S.B.S.) details that the level of savings of natural persons in […]
Tag: S.B.S.
If a person dies, who assumes their debts in the bank?
When you apply for a loan from the bank—whether it be a vehicle, mortgage, or consumer loan—the financial institution suggests that you take out credit life insurance in case you die. In this way, your heirs will not have to be responsible for paying the debt, as explained by the Superintendence of Banking, Insurance and […]
Which banks or savings banks pay the most interest to save your money in November?
If you are looking to save your money in a financial institution and invest that excess profit to use in an emergency situation or a future project, you should know that there are fixed-term deposit accounts that offer interest rates to optimize the profitability of your funds. Although until August of this year, the Annual […]
Don’t fall for scams: learn about legal loan apps and why you shouldn’t download them, according to SBS
In the midst of the difficult economic situation that the country is going through, many people are looking for different ways to get extra money to cover their end-of-year expenses. In some cases, they download applications of unknown origin that offer and pay loans, without taking into account that they could be victims of scams […]
Financial entities pay up to 7.5% for CTS deposits
This November 15th expires the deadline for companies to comply with the deposit of compensation for time of service (CTS) to their workers registered on the payroll and who are subject to the labor regime of private activity. For this payment It is estimated that companies will make a disbursement of S/2,500 million and benefit […]
Profitability of time deposits would drop to 5.25% by 2024
After the interest rates paid by the entities of the financial system to people who opened a deposit account at fixed term exceeded 9% annually, since September of this year the profitability of this product has begun to decrease due to the monetary policy adjustments of the Central Reserve Bank of Peru (BCRP). In this […]
MTPE and SBS against the withdrawal of 100% of the CTS being extended until 2026
The deadline for companies to deposit compensation for time of service expires on November 15 (CTS) to its workers. Jorge Carrillo Acosta, professor at Pacífico Business School, points out that more than 4 million people will receive this paymentwhich will imply a disbursement of around S/2.5 billion by employers. Although the CTS serves as financial […]
SBS declares 8 savings and credit cooperatives nationwide in dissolution
The Superintendency of Banking, Insurance and AFP (SBS) declared this Monday the dissolution of 8 savings and credit cooperatives not authorized to raise resources from the public (COOPAC) at the national level. These are Solcoop Ltda. (Lima), Andina (Huarochirí – Lima), Confia Emprendedora Ltda. (Lima), Coopera Ltda. (Lima), Finance Support for the Entrepreneur of Peru […]
Workers can withdraw 100% of their CTS until December
Companies have until November 15 to deposit compensation for time of service (CTS) to workers on the payroll. This work benefit acts as unemployment insurance. However, given the need for resources to face the rise in prices, a law was issued in May 2022 so that it can be freely withdrawn. The rule establishes that […]
MEF: commissions are equivalent to 70% of what the AFPs earn
Within the framework of the debate on the reform of the pension system, the head of the Ministry of Economy and Finance (MEF), Alex Contreras, took stock of the AFPs, a model established in our country for 30 years. Thus, in addition to not establishing a minimum pension for members who make a minimum amount […]