Following the disappearance of Caja Sullana from the system due to insolvency, sources from the Peruvian Federation of Municipal Savings and Credit Banks (Fepcmac) confirmed. Join the Whatsapp channel Caja Piura will absorb the client portfolio of the defunct Caja Sullana, after the Superintendency of Banking, Insurance and AFP (SBS) announced its intervention due to […]
Tag: sbs
BCRP on the disappearance of Caja Sullana: “We do not see that it will have an impact on the financial system”
The issuing entity expects the transfer of assets and liabilities to a new financial entity to be agile. Join the Whatsapp channel Following the disappearance of Caja Sullana due to the accelerated deterioration of its insolvency, the Central Reserve Bank of Peru (BCRP) has indicated that the event will not have repercussions on other entities. […]
Caja Sullana will be absorbed: run of almost 1 million customers is ruled out
After having recorded losses in its capital ratio and a negative variation in its profits in the line of more than S/110 million in 2023, Caja Sullana was officially separated from the financial system by the Superintendency of Banking, Insurance and AFP (SBS), and its clients will be absorbed from today by one of its […]
Caja Sullana savers’ funds will be safe despite SBS intervention
The Superintendency of Banking, Insurance and AFP (SBS) intervened today in the Caja Municipal de Ahorro y Crédito Sullana because the financial company reduced its assets by more than 50% in less than 12 months, thus violating numeral 4 of article 104 of the General Law of the Financial System – Law No. 26702, explains […]
Caja Sullana’s website crashes after SBS intervenes in financial institution
Many people have expressed their concern following the intervention of Caja Sullana, by the Superintendency of Banking, Insurance and AFP (SBS). Find out everything that is known about it HERE. Join the Whatsapp channel The Superintendency of Banking, Insurance and Pension Fund Administrators (SBS) intervened in the Municipal Savings and Credit Bank of Sullana, due […]
AFP Withdrawal 2024: Steps to follow if you made a mistake when entering your account number
In the process of withdrawing funds from the AFP, it is common to make mistakes when entering the Bank account numberThese errors can cause inconvenience, but there are solutions to fix them. Join the Whatsapp channel Errors when entering bank details when withdrawing from your AFP can cause delays and complications. If you made a […]
“Municipal banks are solid, the case of Caja Sullana was exceptional,” according to FEPCMAC
The SBS intervention in Caja Sullana will not affect the performance of this financial sector and the savings of its clients will not be lost, according to Jorge Solis, president of the Peruvian Federation of Municipal Savings and Credit Banks. Join the Whatsapp channel Following the intervention of the Superintendency of Banking, Insurance and AFP […]
Since when will Caja Sullana return savings to its clients after the SBS intervention?
The recent intervention of Caja Sullana by the Superintendency of Banking, Insurance and AFP (SBS) has generated great concern among its clients. This fact is due to an accelerated deterioration in the solvency of the financial institution, which has led the SBS to take urgent measures to protect the interests of the clients. savers. The […]
SBS intervenes in Caja Sullana: what will happen to its clients’ money?
On Thursday, July 11, the Superintendency of Banking, Insurance and AFP (SBS) intervened in the Municipal Savings and Credit Fund (CMAC) Sullana due to the high deterioration of its solvency, generated by deficiencies in risk management, its credit granting policy and its internal control system. These internal factors were aggravated by the coronavirus pandemic, political […]
SBS intervenes Caja Sullana due to an “accelerated deterioration of its solvency”
CMAC Sullana was part of a Microfinance Institutions Asset Strengthening Program. Join the Whatsapp channel The Superintendency of Banking, Insurance and Pension Fund Administrators (SBS) announced today that, in compliance with its constitutional duty to protect the interests of savers and maintain the stability of the financial system, it has intervened in the Caja Municipal […]