The savers of the liquidated cooperative Credicoop Arequipa they might get some of their money back sooner than they expected. Yesterday the Superintendence of Banking, Insurance and AFPs (SBS) announced that at the end of February they will begin with the return of deposits to the affected members. This will be possible because the SBS […]
Tag: sbs
AFP: how do I know which insurer I am affiliated with?
The Administrators of pension funds, also known as AFPs by their acronym, are private institutions that manage your money with the purpose of generating profits for your benefit and thus finance your retirement through a pension. In Peru there are a total of four administrators that operate: AFP Prima, Integra, Hábitat and Profuturo. In this […]
Credicoop Arequipa case: SBS will start refunding money to savers at the end of February
This Wednesday, January 19, the Superintendency of Banking, Insurance and AFPs (SBS) published in the official newspaper El Peruano the dissolution and liquidation of the Credicoop Arequipa cooperative, the same one that was intervened in November of last year. In communication with La República, the Deputy Superintendent of Cooperatives of the SBS, Óscar Basso, explained […]
Trujillo: SBS concluded intervention to Cooperativa San Lorenzo
In the month of November, the Superintendency of Banking, Insurance and AFPs (SBS) intervened in the San Lorenzo Savings and Credit Cooperative, located at 780 Ayacucho Street, in the center of Trujillo, for being involved in the cause of loss total share capital and cooperative reserve. To date, the intervention has been concluded, according to […]
They exclude 6 cooperatives from the national register of the SBS and declare their dissolution
The Banking Superintendency, Insurance and AFP (SBS) announced the exclusion and declaration of dissolution of six cooperatives from the National Registry of Savings and Credit Cooperatives Not Authorized to Capture Resources from the Public and Centrals. These are the savings and credit cooperatives Integra Asociados Ltda., Inkacoop Ltda., Grupo Prada Limitada, Finanzas Solidarias para la […]
SBS criminally denounces former directors of Credicoop Arequipa
The Superintendency of Banking, Insurance and AFP (SBS) has filed a criminal complaint Against former directors of the Cooperativa de Ahorro y Crédito Credicoop Arequipa for irregularities in the administration and management of the entity. The complaint settled on December 30 was filed against Rosadri Alcántara Zapana Jacobo, José Martín Castillo Villalta, Hipólito Batallanos Anccassi […]
Nobody misses what they have until they lose it, by Claudia Cooper
By: Claudia Cooper Peru has excelled in Latin America in economic growth and poverty reduction. This result has not been gratuitous. It was based on the implementation of structural changes embodied in a new economic contract developed under the umbrella of the 1993 Constitution, whose pillars are represented in macroeconomic stability, private investment, and financial […]
Congress resumes project on the transfer of AFP funds to banks and savings banks
The Congress of the Republic seeks to resume the proposals of free disaffiliation of the AFPs to transfer the funds to financial entities, this in order to give greater competition to the private pension system, going from 4 to about 40 administrators, which would generate better cost effectiveness. The potential transfer amount would be S […]
Credit cards: municipal savings banks would charge interest rates of 36%
To date, only ten banks and three finance companies are authorized to issue credit cards, whose rates range from 86.48% to 141.9% (see infographic), according to a report from the Superintendency of Banking, Insurance and AFP (SBS). In this context, from the Congress They are looking for municipal savings banks to enter the competition for […]
Personal finances: how to check debts only with the DNI
All people should know their credit history and how your debts are found from time to time in the credit bureaus. The State entity in charge of regulating and verifying the credits that are acquired with financial entities is the Superintendency of Banking, Insurance and AFP (SBS). While the credit information of both the SBS […]