The savings and credit cooperatives authorized to collect deposits from their members (Coopac) They show a better financial situation than a year ago, in line with the support they have been receiving from the Superintendence of Banking, Insurance and AFP (SBS).
As of the third quarter of 2025, these entities reported profits of S/72.5 million, erasing the losses they recorded in the same period last year (-S/94 million).
This year, the SBS has maintained a very active role in supervising these entities in search of an honesty of their financial health, purging cooperatives that were not viable (or that operated poorly) to protect the reputation of those that are solid.
Furthermore, in August, it modified the regulation of Coopac with measures aimed at providing them with financial strength and adequate liquidity to avoid insolvency situations.
As of September, 182 Coopac presented their financial statements to the SBS, which represented a decrease of 17 entities compared to the same period in 2024. Of that total, 125 reported profits and 57 presented losses.
“So far this year, the SBS has visited more than 140 cooperatives. An effort that has allowed us to learn first-hand about the needs and experiences of each of them, in order to adjust the regulation and carry out closer supervision, having as a principle the contribution of these entities to the inclusion of more Peruvians in the financial system,” said the head of the SBS, Sergio Espinosa, in Tacna, during the inauguration of a workshop aimed at 37 Coopac in the south of the country.
Credit portfolio
Currently, the number of cooperative members totals around three million and, in the last year, these increased by 500 thousand people, according to the SBS. However, this has not implied an acceleration of the loan and deposit portfolio.
On the contrary, as of September, the credit balance reached S/9,108 million, which represented a reduction of 4.9%. Similarly, the deposit portfolio for a total of S/7,484 million decreased 5.1% in the analysis period.
Furthermore, according to the balance sheets of these entities, on average, 97% of overdue loans are covered with provisions. However, the challenge remains to improve the quality of these loans, since, currently, the default rate reaches 17%, on average.
The SBS, aware of this, has announced that at the end of the year the access and use of risk centers for cooperatives will come into force, starting with the largest ones (level 2B and 3), with the aim of providing them with better information for the evaluation of credits.
“The SBS will continue to work closely with and support the Coopac, with supervision and regulation adjusted to their reality, promoting greater transparency of these entities, training on technological innovation, risk management and the greater use of management tools,” said Mario Zambrano, deputy superintendent of Cooperatives at the SBS.
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