Peru's Superintendency of Banking, Insurance and Private Pension Funds (SBS) issued a circular updating the maximum coverage amount of the Deposit Insurance Fund (FSD) to PEN 120,500 for the June–August 2025 quarter, down from PEN 121,000 in March–May 2025. The cap is adjusted quarterly in line with changes in the Wholesale Price Index (IPM), and the reduction reflects a negative IPM variation. The FSD protects depositors when an institution authorised to take deposits is intervened or liquidated by the SBS, covering nominative deposits held by individuals and private non-profit legal entities, as well as demand deposits of other legal entities excluding firms in the financial system. Covered products include demand, savings and term deposits, Compensation for Time of Services (CTS) balances, and accrued interest from the deposit start date or last renewal.
Superintendencia de Banca, Seguros y AFP del Peru 2025-06-04
Peru's Superintendency of Banking, Insurance and Private Pension Funds lowers the deposit insurance coverage cap to PEN 120,500 for June–August 2025
Peru's Superintendency of Banking, Insurance and Private Pension Funds (SBS) updated the Deposit Insurance Fund (FSD) coverage cap to PEN 120,500 for June–August 2025, down from PEN 121,000 in the previous quarter. This adjustment aligns with changes in the Wholesale Price Index (IPM), reflecting a negative IPM variation. The FSD covers nominative deposits of individuals and private non-profit entities, and demand deposits of other legal entities, excluding financial system firms.