Regulatory Alerts2025-08-21 | Resolución SBS 02926-2025SBS Resolution No. 02926-2025: Amending the General Regulation and Accounting Manuals for Non-Authorized Savings and Credit Cooperatives (Levels 1, 2, and 3)
The Peruvian Superintendency of Banking, Insurance, and Private Pension Fund Administrators (SBS) issued Resolution No. 02926-2025 to amend the General Regulation and Accounting Manuals for Level 1, 2, and 3 Savings and Credit Cooperatives (Coopac) not authorized to attract public funds. The resolution modifies capital, reserve, and equity calculation rules by allowing up to 15% of time deposit balances to count toward supplementary effective equity and clarifying real estate revaluation limits, while extending gradual adaptation schedules for 100% provision compliance based on asset size. These changes establish prudential parameters to ensure reasonable asset revaluation, strengthen cooperative equity, and enhance system stability amid a challenging economic environment.