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September 19, 2024
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SBS intervenes in Credinka financial institution due to “accelerated deterioration of its solvency”

SBS intervenes in Credinka financial institution due to “accelerated deterioration of its solvency”

The Superintendency of Banking, Insurance and AFP (SBS) announced on Thursday, September 19, the intervention of the financial institution Credinka due to loss of capital and an accelerated deterioration of its solvency.

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At a press conference, the deputy superintendent of Banking and Microfinance, Jorge Mogrovejo, reported that Credinka was covered by two Programs for Strengthening the Assets of Microfinance Entitiesby which the SBS may transfer a block of assets and liabilities to another financial institution.

He said that the transfer of assets and liabilities will be carried out through a invitational competition.

Jorge Mogrovejo assured that this block contains all the deposits covered and not covered by the Deposit Insurance Fund, for which reason he urged the savers of the Credinka financial institution.

The intervention follows the identification of a serious financial weakness in the entity, which forced the superintendency to act to protect customer deposits.

Likewise, the SBS is committed to keeping citizens informed about the actions to be taken. through its website.

Numerous Savers went to the Cusco headquarters to find out about the destination of their money.

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