Peru's Superintendency of Banking, Insurance and Private Pension Fund Administrators has intervened Caja Rural de Ahorro y Crédito del Centro S.A. (CRAC Del Centro) and Cooperativa de Ahorro y Crédito Kuria (Coopac Kuria) after determining both entities were insolvent. The release sets out depositor protection arrangements for CRAC Del Centro, while confirming that the cooperative deposit fund will not be activated during the intervention of Coopac Kuria. CRAC Del Centro’s regulatory capital fell by 56.26% over the last 12 months to PEN 7.049 million, triggering an intervention ground under the General Law of the Financial System and the Insurance System. The deterioration is attributed to ongoing losses linked to deficient credit management and insufficient shareholder capital support despite repeated capital contribution requirements. For CRAC Del Centro, the Deposit Insurance Fund covers individual depositors and non-profit legal entities up to PEN 117,200, and the Superintendency will identify the paying institution via its website and CRAC Del Centro’s portal, with publication in major national newspapers from 20 April; borrowers must continue servicing their obligations through the designated collection channels. Coopac Kuria was found to have negative equity of PEN -21.99 million as of 31 December 2025 and failed to evidence remediation within a 30-calendar-day deadline set by the Superintendency. Part of the equity adjustment (PEN -6.76 million) relates to a provisioning shortfall tied to an uncollectable loan to Grupo Kuria, with the loan’s origin and purpose subject to further investigation due to missing credit assessment support and insufficient formalisation of the operations. The Superintendency will appoint representatives to convene a General Assembly to inform members about the intervention, its effects and the maximum legal period to lift the intervention ground; the intervention regime is temporary with a maximum duration of 45 calendar days and the Cooperative Deposit Fund will not be activated during that period.
Superintendencia de Banca, Seguros y AFP del Peru 2026-04-14
Peru's Superintendency of Banking, Insurance and Private Pension Fund Administrators intervenes CRAC Del Centro and Coopac Kuria for insolvency and activates deposit insurance up to PEN 117,200 for CRAC depositors
Peru's Superintendency of Banking, Insurance and Private Pension Fund Administrators has intervened Caja Rural de Ahorro y Crédito del Centro S.A. and Cooperativa de Ahorro y Crédito Kuria after finding both insolvent. CRAC Del Centro’s regulatory capital fell 56.26% in 12 months to PEN 7.049 million, triggering intervention and Deposit Insurance Fund coverage for eligible depositors up to PEN 117,200, while borrowers must keep paying loans. Coopac Kuria reported negative equity of PEN -21.99 million, including a PEN -6.76 million provisioning shortfall tied to an uncollectable loan under investigation, and faces a temporary intervention of up to 45 days without activation of the Cooperative Deposit Fund.