Peru’s Superintendency of Banking, Insurance and Private Pension Funds (SBS) reported that it has completed the supervisory cycle planned at the start of 2025, conducting at least one supervisory action at the head office of each of the 225 savings and credit cooperatives (Coopac) it supervises. These cooperatives are not authorized to take deposits from the public. Coverage reached 100%, compared with 49 cooperatives, or 21.8%, supervised in person by the end of 2024.
The approach adopted in 2025 prioritizes supervision on site according to cooperatives’ risk profiles, business models and regional characteristics. Regulatory training and technical assistance accompanied that work, with around 5,000 members, directors and staff receiving training during 2025 and 2026. This tailored oversight sits alongside regulatory changes introduced in 2025 that allow temporary flexibility for cooperative reorganizations for up to three years, subject to a timetable for achieving compliance.