Regulatory AlertsPeru: lending & credit regulation
Partially regulatedPeru lending: SBS regulates Coopacs; non-bank lending largely unregulated
- Lead regulator:
- Superintendencia de Banca, Seguros y AFP (SBS)
- Key law:
- Law No. 26702 (Organic Law of the SBS)
- Last updated:
- 2026-07-12
The Peruvian Superintendency of Banking, Insurance, and AFPs (SBS) is the primary regulator for the formal financial sector, including banks and savings and credit cooperatives (Coopacs). Recent regulatory activity, such as SBS Resolution No. 02334-2025, focuses on updating accounting manuals for Level 2 and Level 3 Coopacs that are not authorized to capture public funds, indicating ongoing supervision of this specific cooperative tier.
Outside of the banking sector and authorized cooperatives, non-bank lending and consumer credit activities are not explicitly licensed under a dedicated fintech or consumer credit law in the provided documents. General knowledge indicates that while some non-bank entities may operate, the regulatory framework is less defined compared to the banking sector, leading to a partially regulated status for the broader lending vertical.
The regulatory direction of travel emphasizes accounting transparency and compliance for existing authorized entities like Coopacs, rather than the introduction of new licensing categories for digital lenders or non-bank consumer credit providers.
Who regulates
Superintendencia de Banca, Seguros y AFPs (SBS)
Primary supervisor of banking, insurance, and pension entities, including authorized savings and credit cooperatives.
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Core laws & rules
Law No. 26702 (1997)
Organic Law of the SBS, establishing the regulator's authority over the financial system.
Licensing & registration
Savings and Credit Cooperatives (Coopacs)
Coopacs are regulated entities; Resolution 02334-2025 updates accounting requirements for Level 2 and Level 3 Coopacs not authorized to capture public funds.
[1]Non-Bank Lenders
No specific licensing regime for non-bank consumer credit providers is established in the source documents.
Low confidence — verify with the regulator before relying on this.
Restrictions & warnings
Coopacs are categorized by their ability to capture public funds, with specific accounting rules applying to those not authorized to do so.
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Direction of travel
Regulatory focus remains on enhancing accounting standards and compliance for existing cooperative structures rather than expanding the licensed non-bank lending sector.
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