The Superintendency of Banking, Insurance and AFP (SBS) intervened in Credinka Financial Institution for having incurred in the cause of accelerated deterioration of its solvency.
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Financiera Credinka is an entity belonging to the Diviso Group, which a year ago joined the Government’s capitalization program for financial institutions hit by the pandemic.
“Financial firm Credinka was part of a programme to strengthen the assets of microfinance institutions, through which the SBS can transfer a block of assets and liabilities to another financial institution, which must be carried out through a competition by invitation,” the SBS said in a statement.
Diviso has a wealth management and mutual fund business and is a shareholder in the Lima Stock Exchange.
“This block contains all deposits covered and not covered by the Deposit Insurance Fund,” the financial system regulator added.
Finally, the SBS indicated that it will inform the public about the steps to follow through its institutional portal (www.sbs.gob.pe) and other means available to the public.
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