Insurance companies must periodically report data on policies and certificates to the information center. In this way, insurers can be supervised. Through circular No. S-673-2023, the Superintendency of Banking, Insurance and AFP (SBS) approved the update of the information center of the life insurance law. This, in order to promote better market behavior and transparency […]
Tag: sbs
If I ask for a loan, should I do it in dollars or soles?
To request a loan you must know in which currency it is convenient for you to do it and thus avoid paying more. Let’s see, soles or dollars? at the gates of the school campaign and start of school and university classesmany Peruvian families have decided to request a loan to one banking entity to […]
Congress: commission asks SBS to freeze debts of those affected by protests
The Consumer Defense Commission seeks to support businesses, enterprises and mypes that have been harmed by the stoppage of their commercial activities. The head of the Consumer Defense Commission of the Congress of the republic, Elías Varas Meléndez, requested the Superintendency of Banking, Insurance and AFP (SBS) that financial entities evaluate freezing, for a specific […]
Rates for fixed-term deposits can reach up to 10%
Despite the national and international situation, the fixed-term deposit continues to be the financial product that offers the most attractive interest rates and that could gradually reach 10%, according to Arturo García, professor of Finance from ESAN Graduate School of Business. The specialist refers that since the inflation began to rise, from mid-2021, the central […]
Minimum pensions and voluntary contributions will be created in the AFPs
The Congress published a law that allows members of the Private Pension System (SPP) to access a minimum pension and contribute voluntarily to nourish their pension fund in the AFPs, in order to improve your quality of life upon retirement. Said regulation (Law 31670) It was made official by the Legislative Power after the expiration […]
Does the debt with a bank really prescribe in 5 years?
In private risk centers it usually prescribes two to five years, but in the Superintendence of Banking, Insurance and AFP (SBS) it is different. Although they have to pay and that stain on Infocorp will always be there for up to two months after it is canceled, the Civil Code states that there is another […]
What should I do if the ATM gives me a counterfeit bill or an amount less than what I requested?
A large number of people use the ATM in order to carry out various financial operations, such as withdrawing or depositing money using a card that can be credit either debit. However, there is a chance that these procedures will not turn out as we hope and, upon reviewing your moneyyou may run into the […]
SBS approves the new Model Risk Management Regulation
The Superintendency of Banking, Insurance and AFP (SBS) approved the Model Risk Management Regulationswhich establishes minimum guidelines to mitigate the risks derived from the use of models used in the management of credit, market, liquidity, operational, and money laundering and terrorist financing risks of companies in the financial and insurance system. Through resolution No. 053-2023, […]
SBS alerts users about the use of 20 informal applications for money loans
The Superintendency of Banking, Insurance and Private Pension Fund Administrators (SBS) warned citizens about money lending applications (apps) that are operating in the country and that are not registered in the Registry of Companies and Persons that carry out Financial or Currency Exchange Operations, in charge of it . The entity indicated that 20 applications […]
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 […]