The SBS updated the maximum amount of coverage of the Deposit Insurance Fund (FSD) to S / 115,637 for the period from December 2021 to February 2022, increasing the amount from the previous quarter by S / 2,784 (the amount was S / 112,853 for the period from September to November 2021). In this way, […]
Tag: sbs
SBS: eight of the nine intervened cooperatives could reverse the situation
The superintendent of the SBS, Socorro Heysen, informed the Production, Mype and Cooperatives Commission that eight of the nine cooperatives intervened have the possibility for the partners to reach an agreement through a prior assembly that enables cooperativists to resolve their situation and make a capital contribution that allows them to get out of the […]
BCRP in favor of municipal savings banks issuing credit cards
The central manager of Economic Studies of the Central Reserve Bank (BCRP), Adrián Armas, was in favor of municipal savings banks being able to issue credit cards provided they have the technical characteristics to provide the service. “What we can comment on is that in general the position of the Central Bank in the past […]
SBS: “Large partners of Credicoop Arequipa would not recover their total deposits”
The SBS superintendent, Socorro Heysen, informed the Production, Mype and Cooperatives Commission that, regarding the situation of the members of the Credicoop Arequipa cooperative, the real assets of the cooperative must be determined (which would take a few months) and that it will then be carried out an equal payment to all creditors. This way, […]
10 municipal savings banks could issue credit cards
In a context in which credit cards are the most expensive product in the financial system, with rates of up to 141.9% (see infographic), the Congress It is promoting that the municipal savings banks can issue them to generate competition. And it is that currently only banks and finance companies are directly authorized, while the […]
Risk and return
Patricio Quintanilla Paulet, rector of U La Salle A basic principle of finance is the relationship between risk and profitability; Every profitable operation has a risk and as the first one is greater, so will the risk we assume. This week we received the news that the Superintendency of Banking, Insurance and AFP (SBS) has […]
SBS updates regulation of the catastrophic risk reserve
The Superintendency of Banking, Insurance and AFP (SBS) updated the regulation of the catastrophic risk reserve for insurance and reinsurance companies established in the country. Insurers will have until 2023 to implement the new rule. The provision made official through Resolution No. 03661-2021, published in the official newspaper El Peruano, aims to strengthen the capacity […]
SBS freezes savings in intervened cooperatives for 45 days
A couple of days ago, the Superintendency of Banking, Insurance and AFP (SBS) submitted nine Savings and Credit Cooperatives (Coopac) to the intervention regime upon verifying that they present negative patrimonies when incurring in the total loss of the capital stock and its reserves. Said Coopac are the following: Credicoop Arequipa, Integra Asociados, Grupo Prada […]
Arequipa: Credicoop was prohibited from receiving deposits since 2020
The Cooperativa de Ahorro y Crédito- Credicoop Arequipa, was prevented from receiving deposits from new savers since 2020. Last Tuesday, the Superintendency of Banking, Insurance and AFP (SBS) intervened the largest cooperative in the country (96 agencies) and declared it bankrupt under the cause of total loss of capital stock. The measure affects 60,000 members, […]
Arequipa: Credicoop clients demand from SBS solutions for the return of their money
A group of clients of the Credicoop Savings and Credit Cooperative arrived this Wednesday, December 1, to the facilities of the Superintendency of Banking, Insurance and AFP (SBS) in Arequipa, to demand a solution to your request for a refund of your invested money. Those affected were concentrated from 8:00 am outside the premises located […]