Regulatory Alerts2025-12-01
Added · Updated
Regulatory Provisions for Savings and Credit Cooperatives
The Superintendence of Banks and Other Financial Institutions establishes regulatory requirements for Savings and Credit Cooperatives (CACs) with assets equal to or greater than 100 million córdobas. The resolution mandates specific documentation for constitution and operational launch, including a 5% capital deposit for processing, proof of solvency, and adherence to a 10% capital-to-assets ratio. Existing solvent CACs are granted a 120-day period to register and submit an action plan to comply with these new standards.