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 […]
Tag: S.B.S.
AFP recognize failure of the model by not guaranteeing minimum pension
The president of the Association of Private Pension Fund Administrators (AAFP), Giovanna Prialé, recognized that one of the “structural failures” What the model, established 30 years ago in Peru, currently has is the right to a minimum pension for members belonging to this scheme. “We have had structural failures; The first is the minimum pension. […]
Half a million members preferred to withdraw 95.5% of their AFP rather than a pension
Around half a million AFP members chose to withdraw 95.5% of their pension savings instead of collecting a monthly pension in the Private Pension System (SPP), according to information from the Superintendency of Banking, Insurance and AFP ( SBS) with a cut-off date of July 31. In this way, the AFP They had to disburse […]
The State would finance the minimum pensions of AFP members
One of the main pieces of the debate moved for the inexorable reform of the pension system. The bill of Executive power —created by the Ministry of Economy and Finance (MEF)— maintains some criteria of the current model such as contribution rates of up to 13% for a worker —and does not involve the employer, […]
More than 5 million AFP members have less than S/4,950, according to the SBS
As of June 2023, of the 9.1 million members of the private pension system, 5.1 million have less than S/4,950 (1 UIT) in their individual capitalization accounts (CCI) when before the pandemic they reached 3.1 million. Likewise, 2.3 million have empty accounts, according to the Superintendency of Banking, Insurance and AFP (SBS). “82% of (AFP) […]
AFP Withdrawal: when was the last time the release of funds was authorized and how much was returned?
Between the Executive and Legislature, the withdrawal of pension funds was authorized on six occasions. Join the La República WhatsApp channel Price of the dollar today in Peru: what is the exchange rate for this Wednesday, October 11? Wholesale price of lemon has fallen up to 54% so far in October Currently, it is being […]
Fixed-term deposit: which financial institutions offer the highest interest rate for your savings?
If you have an amount of money that you will not use immediately and are looking to save it in a financial institution, pay attention to the following information. It turns out that there are fixed-term deposits that allow you to invest your money, which generates bank interest. In the following note, find out which […]
SBS closes 8 cooperatives: which ones were dissolved and for what reason?
Following the intervention of the Caja Rural de Ahorro y Crédito Raíz (Caja Raíz) in August, the Superintendency of Banking, Insurance and Administrator of Pension Funds (SBS) declared on September 15 the dissolution of eight savings and credit cooperatives (Coopac ) located nationwide, according to the legal regulations bulletin of the Official Gazette El Peruano. […]