The Superintendence of Banking, Insurance, and Private Pension Fund Administrators (SBS) has intervened two Peruvian savings and credit cooperatives due to the total loss of their social capital, marking a significant enforcement action in the country’s financial oversight during 2025.
According to official resolutions published in the Peruvian newspaper El Peruano on September 18, 2025, the SBS declared the dissolution of Cooperativa de Ahorro y Crédito Líderes Emprendedores Red Nacional and Cooperativa de Ahorro y Crédito Nuevo Milenio Limitada. Both entities were removed from the National Registry of Unauthorized Savings and Credit Cooperatives after failing to reverse their financial deficits within the mandated intervention period.
The intervention process began in August 2025 when the SBS identified that both cooperatives had incurred negative equity. Líderes Emprendedores reported a deficit of S/1,982,302.74 as of December 31, 2024, while Nuevo Milenio Limitada recorded a shortfall of S/1,748,406.45 as of June 30, 2024. These figures represent the complete erosion of their social capital and cooperative reserves, a clear ground for dissolution under Peru’s General Law of the Financial and Insurance Systems.
Under regulatory norms, cooperatives entering a state of patrimonial negative are subject to a maximum 45-day intervention period during which partners may submit documentation to prove solvency reversal. The SBS confirmed that neither cooperative received sufficient evidence from their members to overturn the findings of insolvency, leading to the final decision to dissolve and exclude them from the official registry.
The SBS emphasized that its role includes safeguarding the stability and integrity of the financial, insurance, private pension, and savings and credit cooperative systems. The agency stated that the interventions were carried out to prevent broader risks to the financial system and protect the interests of members and depositors.
These actions are part of a broader pattern of financial oversight in Peru, where the SBS, alongside the Central Reserve Bank of Peru (BCRP) and the Superintendence of the Securities Market (SMV), continues to monitor and act upon signs of instability in regulated entities. Earlier in 2024, the SBS had already intervened two other insolvent microfinance institutions, underscoring an ongoing effort to address vulnerabilities in the sector.
As of the latest available data, no further details have been disclosed regarding asset liquidation procedures, member reimbursement timelines, or potential legal responsibilities of former cooperative administrators. The SBS has not indicated whether additional cooperatives are under review for similar financial deficiencies.