Members’ deposits will be insured, in accordance with current legislation, regardless of the cause of dissolution, and provided that the Coopac complies with the requirements and has contributed to the FSDC for at least 24 months, SBS reported. Join the Whatsapp channel The Cooperative Deposit Insurance Fund (FSDC) will cover the deposits of members in […]
Tag: sbs
SBS intervened in the Quillabamba and Latino Peru Limited cooperatives
Due to its total loss of share capital and cooperative reserve. Join the Whatsapp channel The Superintendency of Banking, Insurance and AFP (SBS) intervened in the savings and credit cooperatives (Coopac) Quillabamba and Latino Peru Limited in the face of the total loss of its share capital and cooperative reserve. Thus, three intervenors were appointed […]
How long does it take for a bank debt to expire in Peru? Here we explain it to you
In the financial field, debts can be a significant burden for many people. However, it is essential to know that these obligations are not eternal. In Peru, the Civil Code It sets a specific time limit for the prescription of bank debts, which means that after a certain time, these can no longer be enforced […]
SBS strengthens security regulations on credit and debit cards: these are the new changes
At the end of June, the Superintendency of Banking, Insurance and AFP (SBS) approved various modifications to the credit and debit card regulations. Through SBS Resolution No. 02286-2024, published in the official newspaper El Peruano, the new provisions were made official to specify the responsibility of companies in the processes of user authentication and consent […]
Quillacoop Cooperative is intervened due to total loss of share capital, warns SBS
The intervention took place after the SBS announced that the financial institution had incurred in the cause of total loss of share capitalCustomers came to the place to see what will happen to their savings. Join the Whatsapp channel Last Wednesday, staff from the National Superintendency of Banking, Insurance and AFP went to the offices […]
Debts after death: are they transferred to the deceased’s relatives?
After going through the pain of losing a loved one, family members have to take care of all the legal procedures in Bank entities. One of the issues of greatest concern is whether the debts of the deceased automatically disappear or what the possible financial repercussions are. In this article, we explore what happens to […]
Fixed-term deposit: these are the banks in Peru that pay the most for saving your savings in July 2024
In the first months of 2024, competition among Peruvian banks has intensified significantly. The need to attract more customers has led to the financial entities to improve their offerings interest rates in term deposits. This strategy not only seeks to increase its customer base, but also to strengthen its position in the national financial market. […]
Caja Piura asks Caja Sullana savers to remain calm: “funds are guaranteed”
Caja Piura, which was appointed yesterday by the Superintendency of Banking, Insurance and AFP (SBS) to manage the loan and deposit portfolio of the intervened Caja Sullana, asked the latter’s savers to remain calm, pointing out that their funds are guaranteed thanks to the solvency and liquidity of Caja Piura. “In the coming days, Caja […]
Caja Piura absorbs Caja Sullana and keeps its client portfolio
Entity won invitation contest called by SBS, after the intervention of CMAC Sullana. The terms and conditions previously agreed with savers will be respected Join the Whatsapp channel The Municipal Savings and Credit Fund of Piura, which has a 16% stake in this microfinance segment, was awarded the equity block of assets and liabilities from […]
Caja Sullana is absorbed by Caja Piura: when will the money be returned?
Through a press conference, Jorge Mogrovejodeputy superintendent of Banking and Finance of the Superintendency of Banking, Insurance and AFP (SBS), pointed out the bank that won the public competition that will absolve Sullana Box. This fact occurs after the SBS announced the insolvency of this entity after evaluating its performance in the last year. Before […]