Peru's Superintendency of Banking, Insurance and Private Pension Funds (SBS) presented the 2025 Strategic Plan for its Deputy Superintendency of Cooperatives (Sacoop), outlining actions intended to strengthen the savings and credit cooperative sector (Coopac) and improve cooperative management for the benefit of member-depositors. The plan is positioned as a medium-term push to address structural weaknesses that, despite progress in regulatory adaptation and in aligning financial and solvency positions, still limit the sector’s ability to generate sustainable positive value and support stronger growth. The strategy is structured around five lines of action: enhanced coordination with cooperatives and engagement with market participants to support viability; prudential supervision with an emphasis on on-site work and standardized off-site criteria to promote transparency toward members while aligning with cooperative principles; system-wide training on corporate governance, risk management, asset and liability management, and pricing; simplification and adjustment of Coopac regulation so it can function as a management tool; and upgraded supervisory tools, including internal SBS work to improve data and information management and to use artificial intelligence to generate early warnings and enable rapid follow-up with Coopac to assess appropriate measures. SBS noted it assumed responsibility for supervising savings and credit cooperatives in 2019, marking a stabilization period that ran through 2024.

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