SBS Orders Dissolution of Savings and Credit Cooperatives due to Loss of Capital and Inactivity

SBS continues to take dissolution measures against savings and credit cooperatives for different reasons such as inactivity or loss of capital. Photo: Andina

The Superintendency of Banking, Insurance and AFP (SBS) ordered the dissolution of a new savings and credit cooperative due to the total loss of its share capital. This is Coopac Bienestar Perú, which until June 30, 2023 had registered a negative equity of -S/1 million 815,352.

You may be interested: SBS will dissolve these four savings and credit cooperatives in the first intervention of 2024

For this reason, in December 2023, the SBS subjected it to an intervention regime. According to the resolution of the legal regulations of the official newspaper El Peruano, the amount of S/1 million 600,000 of the aforementioned coopac is insufficient to reverse its negative equity.

In application of article 9 of the Special Regimes Regulation, it is prohibited:

• Initiate judicial or administrative proceedings against the Bienestar Perú Savings and Credit Cooperative in dissolution for the collection of debts under its charge.
• Pursue the execution of judicial resolutions issued against the Bienestar Perú Savings and Credit Cooperative
• Establish liens on any of the assets of the Bienestar Perú Savings and Credit Cooperative in dissolution, as a guarantee of the obligations that concern it.
• Make payments, advances or compensations, or assume obligations on behalf of the Bienestar Perú Savings and Credit Cooperative in dissolution, with the funds or assets that belong to it and are in the possession of third parties.
• Establish a precautionary measure against the assets of the Bienestar Perú Savings and Credit Cooperative in dissolution.

The SBS ordered the closure of these five cooperatives that have operations in different regions of Peru. – Composition Credit Infobae/Andina/Radio Onda Azul

As part of the dissolution measures, the SBS appointed two temporary administrators: Anabel Nagai Huillcahuaman Cuchillo, identified with DNI No. 44885195, and Elvis Alfonso Paquirachi Diaz, identified with DNI No. 46718099.

You may be interested in: SBS: almost 2,000 complaints for financial scams and four cooperatives closed for collecting money without permission, which are they?

Both may, on behalf of the superintendency, carry out the necessary acts to carry out the dissolution of the Bienestar Perú Savings and Credit Cooperative.

These powers include functions such as registering the resolution that declared the dissolution of this cooperative in the corresponding Public Registry. In addition to taking immediate possession, for administration, of all the assets of the aforementioned coopac.

You may be interested in: How do you know if someone took out a loan from the bank in your name?

They may also prepare the statement of financial position, as well as the income statement and other corresponding comprehensive income, in accordance with the relevant provisions issued by the SBS.

Among the functions are arranging for the completion of an inventory of all the assets of the Bienestar Perú Savings and Credit Cooperative, including the corresponding supporting documents, and the respective list must be prepared.

The SBS continues in the process of closing these 22 savings and credit cooperatives (coopac). – Credit Composition Infobae/Edwin Montesinos/Andina/More finances

Other features including:

• Arrange for the valuation of all the assets of the Bienestar Perú Ltda. Savings and Credit Cooperative in dissolution.
• Prepare the list of creditors of the Cooperativa de Ahorro y Crédito Bienestar Perú Ltda. in dissolution, indicating the amount, nature of the debts and preference they enjoy, in accordance with article 10 of the Regulation of Special Regimes.
• Maintain the liquid resources of the Bienestar Perú Ltda. Savings and Credit Cooperative in dissolution in savings and credit cooperatives or multiple operations companies of the financial system classified in categories “A” or “B”, according to current regulations on the matter. .
• Deliver possession of all the assets, books, files and other documentation owned by the Cooperativa de Ahorro y Crédito Bienestar Perú Ltda. in dissolution to the person in charge of liquidation. Such delivery must be recorded by means of a record, which must contain the inventory of what was delivered.

Until the end of 2023, the SBS declared the dissolution of more than 130 cooperatives. 84% of these entities were involved in the cause of inactivity, while 16% due to total loss of social capital and cooperative reserve.

2024-01-29 16:34:17
#SBS #orders #dissolution #savings #credit #cooperative #due #total #loss #capital