Caja Ica Mergers: Financial Entity Acquisition & Municipal Funds

Here’s a ⁢summary of the key takeaways from the provided text:

*‌ CTS Funds Being Withdrawn ‍Quickly: Approximately 40% of workers withdraw almost all of their Compensación por Tiempo de Servicios (CTS – a fund similar⁤ to unemployment insurance) funds in the first month after receiving them. ‍This is leading to a decline‍ in CTS deposits ⁢at Caja ica (a​ financial institution).
* Declining CTS Deposits: The CTS currently represents only 6% of ​total deposits at Caja Ica, and this percentage⁣ is decreasing. Of S/ 13 million deposited in November 2025,nearly half ⁤(S/ 5.7 million) has already been withdrawn.
* Caja Ica App &⁢ Future Plans: The Caja Ica application offers various services like​ transfers, ‌payments, loans, and account opening.
* Automated Loan Scoring: Caja ⁢Ica will implement automated scoring⁢ for loan ⁢applications to provide quicker evaluations ​and loan terms.
* Microinsurance & Rewards program: Caja Ica plans to expand the sale of microinsurance and its benefits program (discounts on ‍restaurants, beauty, transportation, hotels) through the app and visa debit card, rewarding customers for using digital payment methods.