The Banking Superintendence, Insurance and AFP (SBS) He recently informed that he makes visits to the companies that he supervises, headed by its owner, Sergio Espinosa, with the aim of strengthening financial inclusion in the regions.
Among the companies visited by the regulator are savings and credit cooperatives (COOPAC). The institution pointed out that these meetings seek to contribute to the strengthening of COOPAC management and promote greater transparency. As a result of the lack of remission of the financial statements and unavailable closure of offices for more than 15 days, more than 50 cooperatives have left the market in the last 18 months.
On the basis of the financial statements of the cooperatives as of June 2025, it could be corroborated that only in the first semester, the number of these entities was reduced in 18, being in total 176.
These 18 that were left out this year are added to the 42 that were dissolved in 2024. which, in total 60 cooperatives stopped operating in the system.
In this way, the SBS supervision work, together with the measures taken by the cooperative members to improve the financial health of the entities, allowed the sector of this year to close positive results, unlike last year, when the consolidated losses registered losses.
Earnings
According to the financial statements published in the Portal of the SBS, COOPAC reached profits for S/63.2 million in the first semester, in contrast to losses per S/111 million recorded in the similar period last year.
By categories, level 3 cooperatives, with assets greater than 65,000 UIT (S/347.8 million), reported profits for S/39.9 million, compared to losses of S/72.1 million in 2024. Of the nine entities that make up this group, only two closed in red, while Abaco and Pacific managed to revert the negative results of last year.
In the case of the Coopac level 2b (assets between S/3.2 million and S/347.8 million), the profits added S/3.8 million; Of the 13 entities in this segment, four registered losses. On the other hand, the COOPAC level 2a reported positive results for S/17.9 million; Of its 95 entities, 25 ended with losses.
Finally, the Coopac level 1 (up to S/17.9 million in assets) registered profits for S/1.7 million, which meant an increase of 69.4% compared to the previous year. Of the 59 entities of this category, 13 reported losses.
Credits
Regarding the financing offer, the loan portfolio of the 176 Credit and Credit Cooperatives (COOPAC) added S/9,221 million at the end of June 2025, which represented a contraction of 1.7% compared to the similar period last year, according to information from the Superintendence of Banking, Insurance and AFP (SBS).
Despite the lower dynamism in loans, the sector continues to face high levels of risk: the delinquency rate was 17.7%, while the high -risk portfolio reached 24.6%.
In contrast, deposits showed more favorable behavior. At the end of the first semester, the funds captured by the COOPAC amounted to S/7,642 million, which meant a 30.4% growth compared to June 2024.
With this performance, cooperatives reflect a mixed scenario in the intermediation activity: on the one hand, a setback in placements and high delinquency rates, and on the other, significant growth in the savings of their partners.
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