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), reducing the cap to PEN 121,000 for the March–May 2025 quarter from PEN 121,600 in December 2024–February 2025. The FSD coverage cap is adjusted quarterly in line with changes in the Wholesale Price Index (IPM), with the reduction attributed to a negative IPM variation. The FSD is a private entity that protects depositors when a deposit-taking institution authorised to accept deposits is intervened or liquidated by the SBS, and coverage applies to nominative deposits, certain demand deposits held by legal entities (excluding financial system firms), and products including demand, savings, time deposits and severance compensation accounts (CTS), including accrued interest from the deposit start date or last renewal.
Superintendencia de Banca, Seguros y AFP del Peru 2025-03-13
Peru's Superintendency of Banking, Insurance and Private Pension Funds lowers Deposit Insurance Fund coverage cap to PEN 121,000 for March–May 2025
Peru's Superintendency of Banking, Insurance and Private Pension Funds (SBS) has reduced the Deposit Insurance Fund (FSD) coverage cap to PEN 121,000 for March–May 2025, down from PEN 121,600 in the previous quarter. This adjustment reflects a negative variation in the Wholesale Price Index. The FSD provides protection for depositors when an authorised deposit-taking institution is intervened or liquidated by the SBS.