SBS dissolves 28 savings and credit cooperatives for not submitting their financial statements | RMMN | ECONOMY

The Superintendency of Banking, Insurance and AFP (SBS) declared this Thursday, November 24, the dissolution of 28 Cooperatives of saving and credit for being involved in the cause of inactivity, according to the foundations of the institution.

The text published today in El Peruano indicates that it is regarding the cause of “planned inactivity”, which occurs when it is proven that the cooperative does not send its financial statementsin accordance with the Accounting Manual for Savings and Credit Cooperatives Not Authorized to Obtain Resources from the Public, approved by SBS Resolution No. 577-2019.

In this sense, the regulation stipulates that when Level 1 or 2 Coopacs present such inactivity, the SBS has the power to declare their dissolution and designate a temporary administrator who will assume the representation of the cooperatives.

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The dissolved cooperatives are:

1. Tres Molinos Savings and Credit Cooperative.
2. Savings and Credit Cooperative San Bartolomé del Altiplano Ltda.
3. Savings and Credit Cooperative Santa Fe-Perú-Ltda.
4. Sol Amazónico Savings and Credit Cooperative Ltda.
5. Virgen de la Puerta Savings and Credit Cooperative.
6. Virgin of Nitape Savings and Credit Cooperative.
7. Savings and Credit Cooperative July 21 Ltda.
8. Yanawara Savings and Credit Cooperative.
9. Crecemype Savings and Credit Cooperative.
10. Savings and Credit Cooperative Limited Credieden.
11. Credirapidoperu Savings and Credit Cooperative.
12. Solidarity Credit Savings and Credit Cooperative of Peru.
13. Savings and Credit Cooperative El Buen Sembrador.
14. Savings and Credit Cooperative El Emprendedor.
15. Savings and Credit Cooperative SME Fund.
16. Savings and Credit Cooperative Inversiones Crediticias Ltda.
17. Mipyme Savings and Credit Cooperative El Asesor.
18. American Savings and Credit Cooperative.
19. Centrobank Savings and Credit Cooperative.
20. Trusting Savings and Credit Cooperative.
21. Savings and Credit Cooperative Cordillera Escalera Ltda.
22. Savings and Credit Cooperative of the Servers of the Ministry of the Interior Ltda – Cosermin.
23. New Hillariy Savings and Credit Cooperative Limited.
24. New Family Savings and Credit Cooperative – Aymaraes – Apurímac.
25. Genesis Investments Group Savings and Credit Cooperative.
26. Group Union Progreso Savings and Credit Cooperative.
27. Spring Savings and Credit Cooperative.
28. Prosperando Savings and Credit Cooperative.

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In application of article 9 of the Regulation of Special Regimes As of the date of publication of this resolution, the dissolved Coopac are prohibited from:

• Initiate judicial or administrative proceedings once morest you for the collection of credits at your expense.
• Pursue the execution of judicial decisions issued once morest them.
• Establish liens on any of the assets as collateral for the obligations that concern them.
• Make payments, advances or compensation, or assume obligations on her behalf, with the funds or assets that belong to her and are in the possession of third parties.
• Constitute a precautionary measure once morest their assets.