SBS Resolution No. 03716-2025: Amending Chapter V Supplementary Information of the Accounting Manual for Financial System Companies to Incorporate New Report No. 28 Titled Non-Retail Debtor Financial Information and Issuing Other Provisions

Los Laureles No. 214 – Lima 27 – Peru Tel.: (511) 6309000 Lima, October 14, 2025 SBS Resolution No. 03716-2025 The Superintendent of Banking, Insurance and Private Pension Fund Administrators (AFP)

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

That, by means of SBS Resolution No. 11356-2008 and its amending regulations, the Regulation for the Evaluation and Classification of Debtors and the Requirement of Provisions was approved; That, by means of Circular Nos. B-2184-2010, F-0524-2010, CM-0371-2010, CR-0240-2010, EF-02-2010, EAH-06-2010, EAF-241-2010, EDPYME-0133-2010 and FOGAPI-0036-2010 and their amending regulations, hereinafter the Circular, provisions regarding the minimum information that supervised companies must request from their clients for granting, monitoring, controlling, evaluating and classifying granted credits, as well as for risk measurement, were established; That, by means of Resolution No. 895-98 and its amending regulations, the Accounting Manual for Financial System Companies was approved, hereinafter the Accounting Manual; That, Chapter V "Supplementary Information" is part of the Accounting Manual, containing annexes and reports; That, Report No. 28 titled "Information on Financial Statements of Commercial Debtors" was incorporated into Chapter V "Supplementary Information" of the Accounting Manual by means of SBS Resolution No. 1291-2005; That, according to the analysis carried out, it is necessary to make improvements to Report No. 28 of Chapter V of the Accounting Manual, which is indispensable for adapting and complementing the supervision activities carried out by this Superintendence;

Los Laureles No. 214 – Lima 27 – Peru Tel.: (511) 6309000 That, furthermore, it has been deemed appropriate to make clarifications in the Circular; That, furthermore, it has been deemed appropriate to make clarifications in Report 25 "Information on Credit Portfolio Transfer, Write-offs and Credit Concessions" of Chapter V of the Accounting Manual; That, in order to collect opinions from the general public, by means of SBS Resolution No. 00003-2025, the draft resolution on this matter was published in the Superintendence's digital headquarters, under the provisions of the Thirty-Second Final and Complementary Provision of the General Law and Supreme Decree No. 009-2024-JUS; Having obtained the approval of the Adjunct Superintendencies of Banking and Microfinance and of Regulation and Legal Affairs; as well as the Risk Management and Economic Studies Departments; and, In exercise of the powers conferred by items 7 and 13 of Article 349 of the General Law; RESOLVES:
Article One. Chapter V "Supplementary Information" of the Accounting Manual for Financial System Companies, approved by SBS Resolution No. 895-98 and its amendments, is modified to incorporate the new Report No. 28 titled "Financial Information of Non-Retail Debtors". The main contents of the new Report No. 28 are indicated below:

1. General provisions regarding:
   a) The universe of debtors obligated to report. b) Quarterly cutoff dates for information submission (last day of March, June, September and December). c) Submission deadline of 45 calendar days from the cutoff dates. d) Information sources, categorized into audited financial statements, non-audited financial statements and information from annual income tax returns of SUNAT. e) Information to be reported up to the cutoff date.
2. Items based on the Statement of Financial Position and the Income Statement.
   The format of the new Report No. 28 is attached in the Annex that forms part of this Resolution and is published on the institutional portal (www.sbs.gob.pe), in accordance with Supreme Decree No. 009-2024-JUS.
   Article Two. The submission of information corresponding to the new Report 28 "Financial Information of Non-Retail Debtors" approved by Article One of this Resolution takes effect in September 2026. Additionally, the publication date of this Resolution is considered as the starting point to identify the available information indicated in item 3 of the General Provisions of Report No. 28.
   Article Three. In addition to the first submission of the new Report No. 28 as indicated in Article Two of this Resolution, financial information corresponding to the specific cutoffs of December 2023 and December 2024 must be submitted, only once, on the same submission date, under the new format but in independent submissions.
   Article Four. The submission of the old format of Report No. 28 will be carried out until November 30, 2025. After this date, submission of this Report is not required until the new Report No. 28 enters into force, as indicated in Article Two of this Resolution.
   Article Five. Circular Nos. B-2184-2010, F-0524-2010, CM-0371-2010, CR-0240-2010, EF-02-2010, EAH-06-2010, EAF-241-2010, EDPYME-0133-2010 and FOGAPI-0036-2010 is modified as follows:
   a) Item 1. Scope is replaced as follows: "This regulation applies to the companies indicated in letter A of Article 16 of the General Law, financial leasing companies, factoring companies, mortgage administration companies, guarantee and surety companies, the National Bank, the Development Financial Corporation (COFIDE) and the Agricultural Bank, hereinafter companies." b) The first paragraph of item 2.1 is replaced as follows: "Companies will require all their clients, before granting a credit (direct and indirect), the minimum information contained in Annex No. 1 of this Circular, titled "Commercial Report" which must be duly filled out and signed by the client, as well as the information contained in section I of Annex No. 2 titled "Economic Financial Information of Debtors". The Commercial Report must be permanently updated, establishing a maximum period of fifteen (15) days to update any information involving relevant changes, especially regarding shareholding." c) Item 10 of section I of Annex No. 2 "Minimum documentation that the debtor file must contain" is replaced as follows: "The obligation to report Financial Statements will remain while the debtor has a credit granted by a financial system company, and must have, as a minimum, a semi-annual update frequency for the Statement of Financial Position and Income Statement, and annual for the Statements of Changes in Net Equity and Cash Flows. A maximum age of eighteen (18) months is accepted. The obligation to submit the declaration presented to the Tax Authority, in case the company relies on annual sales or ordinary activity income declared to the tax authority for credit typification, will remain while the debtor has a credit granted by a financial system company, and must have, as a minimum, an annual update frequency. A maximum age of eighteen (18) months is accepted."
   Article Six. Starting from the information of October, Report No. 25 "Information on Credit Portfolio Transfer, Write-offs and Credit Concessions" is modified to replace the currency expression "In Thousands of New Soles" with "In Soles".
   Article Seven. This Resolution enters into force the day after its publication in the Official Gazette El Peruano, except for the validity periods indicated in Articles Two and Six.
   Registered, communicated and published.
   SERGIO JAVIER ESPINOSA CHIROQUE
   Superintendent of Banking, Insurance and AFP