Peru's Superintendency of Banking, Insurance and Private Pension Funds (SBS) has issued a circular updating the maximum coverage amount of the Deposit Insurance Fund (FSD), reducing the cap to PEN 118,300 for the September–November 2025 period from PEN 120,500 for June–August 2025. The FSD coverage limit is adjusted quarterly in line with changes in the Wholesale Price Index (IPM), with the reduction attributed to a negative IPM variation. The FSD protects depositors when a deposit-taking institution authorised to take deposits is intervened or liquidated by the SBS, and covers nominative deposits held by individuals and private non-profit legal entities, as well as demand deposits of other legal entities excluding financial system firms. Covered products include demand, savings and time deposits, as well as severance compensation accounts (CTS), including accrued interest from the start date of the deposit or its last renewal. The coverage cap will continue to be updated on a quarterly basis based on IPM movements.
Superintendencia de Banca, Seguros y AFP del Peru 2025-09-05
Peru's Superintendency of Banking, Insurance and Private Pension Funds lowers deposit insurance coverage cap to PEN 118,300 for September to November 2025
Peru's Superintendency of Banking, Insurance and Private Pension Funds (SBS) has reduced the Deposit Insurance Fund (FSD) coverage cap to PEN 118,300 for September–November 2025, down from PEN 120,500 for June–August 2025, due to a negative Wholesale Price Index (IPM) variation. The FSD protects depositors when an authorised deposit-taking institution is intervened or liquidated, covering demand, savings, and time deposits. The coverage limit is adjusted quarterly based on IPM changes.