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SBS is dissolving four cooperatives, for what reasons?

According to the SSB, at present, users of cooperatives do not have a deposit insurance fund. | Fountain: Andean

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this week Banking, Insurance and AFP Directorate (SBS) announced the dissolution of four savings and credit cooperatives and appointed them as temporary administrators.

cooperatives disbanded Alto Selva Alegre, Jesús Obrero, Integrar and Finanzas Mypes Perú Ltda But why did SBS announce its dissolution?

In the case of the Alto Selva Alegre cooperative, SBS Resolution No. 01051-2023 states that it failed to comply with the filing requirements financial reports corresponding to the periods of September and December 2022.

With regard to the Jesús Obrero cooperative, SBS Resolution #01052-2023 states that the cooperative is implicated in the cause of the inactivity as it did not submit financial statements for March, June, September and December 2022. Given this, the cooperative will cease its activities. be the subject of a loan.

Cooperative “Integrar”, according to Decree GOS No. 01053-2023, is also involved in the reason for inaction, as it did not submit its financial reports March, June, September and December 2022.

For its part, SBS Resolution No. 01054-2023 also indicates that the Finanzas Mypes Perú Ltda cooperative is in a state of inactivity, as it has not submitted its financial statements for the periods of March, June, September and December.

In all cases, it is indicated that cooperatives will cease to be credit cooperatives, and it is prohibited:

  • Initiate legal or administrative proceedings to collect receivables at your expense.
  • Seek enforcement of court decisions against them.
  • Establish liens on any of the assets as collateral for liabilities that relate to them.
  • Make payments, advances or compensation or incur obligations on its behalf with funds or assets that belong to it and are owned by third parties.
  • Draw up a safeguard against your assets

Source: RPP

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