Resolution SBS No. 1291-2005: Incorporates Annexes and Reports to Financial Statements in the Accounting Manual, Report No. 28 on Commercial Debtor Financial Statement Information

Lima, August 19, 2005
S.B.S. Resolution
No. 1291 - 2005
The Superintendent of Banking, Insurance and Private Pension Fund Administrators:

CONSIDERING:

That, the General Law of the Financial System and the Insurance System and the Organic Law of the Superintendence of Banking and Insurance, Law No. 26702 and its modifications, hereinafter the General Law, states in Article 222 that for the evaluation of operations comprising the credit portfolio, the debtor's cash flows, income and debt service capacity, financial situation, net worth, future projects and other relevant factors to determine the debtor's debt service and payment capacity must be taken into account;

That, by SBS Resolution No. 808-2003 of May 28, 2003, the Regulation for the Evaluation and Classification of the Debtor and the Requirement of Provisions, hereinafter the Regulation, was approved;

That, the Regulation established the evaluation criteria for granting credit, stating that such granting is determined by the applicant's payment capacity, which in turn is defined fundamentally by its cash flow and credit history;

That, by Circular No. B-2125-2003, F-0465-2003, CM-0312-2003, CR-0181-2003, EAF-0216-2003, EDPYME-0104-2003 and FOGAPI-0018-2003 of November 10, 2003, the provisions regarding the minimum information that supervised companies must require from their clients for the granting, monitoring, control, evaluation and classification of granted credits, as well as for risk measurement, were established;

That, paragraph 2.3 of said Circular states that companies are obligated to maintain the debtor file, with the minimum documentation and information indicated in Annex No. 2 of said Circular, which includes the financial statements: Balance Sheet and Income Statement, as well as the Cash Flow;

That, likewise, in paragraph 10 of Annex No. 2 of the aforementioned Circular, it is stated that, while the client maintains the responsibility with the company, they are obligated to report financial statements with a semi-annual periodicity;

That, by Resolution No. 895-98 of September 1, 1998, the Accounting Manual for Companies of the Financial System, hereinafter the Accounting Manual, was approved, which contains the annexes and reports to the financial statements,

That, in order to adequately follow up on the financial indicators of commercial debtor companies to evaluate the credit management of financial system companies, as well as credit foreign exchange risk, it is convenient to adapt the Accounting Manual to the new guidelines in order to reflect the real economic-financial situation of the companies;

Being in accordance with the opinion of the Adjunct Superintendencies of Banking and Microfinance, Risks and Legal Advice, as well as the Economic Studies Management;

And

In exercise of the powers conferred by paragraphs 7, 9 and 13 of Article 349 of the General Law;

RESOLVES:

Article First.- Incorporate into Chapter V "Annexes and Reports to Financial Statements" of the Accounting Manual, Report No. 28 titled "Information of Financial Statements of Commercial Debtors" (*), according to the format indicated in the Annex attached to this regulation, whose periodicity will be semi-annual and must be sent to this Superintendence within a period not exceeding May 31 and November 30 of the corresponding second and first semesters, respectively. The submission of said Report will be through the Capture and External Validation Submodule (SUCAVE).

Article Second.- This Resolution will enter into force from the information corresponding to the month of June 2005.

Article Third.- The first submission of information must contain information from the last six semesters (December 2002, June 2003, December 2003, June 2004, December 2004 and June 2005) and must be sent to this Superintendence no later than November 30 of the current year according to Report No. 28 together with the description of the most important aspects of the financial statement methodologization. For subsequent submissions, only the semester in question must be considered.

Register, communicate and publish.

(*) New name of Report 28 "Financial information of non-retail debtors", incorporated by SBS Resolution No. 03716-2025, published on October 17, 2025. See format in the "Complementary Information" section on the institutional portal (www.sbs.gob.pe)

JUAN JOSÉ MARTHANS LEÓN
Superintendent of Banking, Insurance and Private Pension Fund Administrators