Overview
- SBS, which issued the dissolution and start of liquidation on Wednesday, took the step after CRAC Del Centro’s effective capital fell by more than half due to sustained losses and weak credit management.
- The Deposit Insurance Fund (FSD) will cover individuals and nonprofit entities up to S/117,200, and the paying bank plus the list of covered depositors will be posted from Monday, April 20.
- Coopac Kuria remains under a temporary intervention of up to 45 days, the cooperative deposit insurance (FSDC) is not activated during this regime, and borrowers must keep paying through BCP, Scotiabank and Yape.
- SBS is investigating a S/6.76 million provisioning shortfall from an uncollectible Kuria loan to Grupo Kuria and has flagged possible hidden Grupo Kuria control in CRAC Del Centro’s 2024 ownership transfer.
- The wind-down touches about 34,814 individual depositors and 359 companies at the rural bank, underscoring ongoing pressure in Peru’s microfinance segment after a series of recent interventions and liquidations.