Question 1

What is Cooperativa de Ahorro y Crédito Santo Cristo de Bagazán?

Accepted Answer

Cooperativa de Ahorro y Crédito Santo Cristo de Bagazán (COOPAC Santo Cristo de Bagazán) is a savings and credit cooperative operating in Peru. It is a Level 3 COOPAC supervised by the Superintendencia de Banca, Seguros y AFP (SBS), authorized to provide a wide range of financial services to its members.

The cooperative specializes in serving communities in the San Martín region, with a particular focus on rural and semi-urban populations. As of December 2024, the cooperative manages approximately PEN 480.67 million in credit portfolio and serves members across multiple regions in northern and central Peru.

Question 2

When was Cooperativa de Ahorro y Crédito Santo Cristo de Bagazán founded?

Accepted Answer

Cooperativa de Ahorro y Crédito Santo Cristo de Bagazán was founded on October 30, 1963. It was officially recognized through Resolution No. 20 issued on April 21, 1964, by the Superior Council of the National Institute of Cooperatives (INCOOP).

The cooperative's legal registration was completed on December 18, 1969, when it was inscribed in Registry No. 11000181 of the Public Records of Moyobamba. The institution was established by local community members seeking to provide accessible financial services to populations in the Alto Mayo region.

Question 3

Where is Cooperativa de Ahorro y Crédito Santo Cristo de Bagazán headquartered?

Accepted Answer

The cooperative is headquartered in Rioja, San Martín region, Peru. The main office is located at Jr. Dos de Mayo Nro. 801, Rioja, San Martín.

Question 4

Where does Cooperativa de Ahorro y Crédito Santo Cristo de Bagazán operate?

Accepted Answer

Cooperativa de Ahorro y Crédito Santo Cristo de Bagazán operates through 12 offices across Peru. The cooperative's operations are heavily concentrated in the San Martín region, which accounts for the majority of both deposits and loans.

The cooperative also has a significant presence in the Amazonas region. Additionally, it maintains offices in Jaén (Cajamarca region) and Nueva Cajamarca, extending its reach to serve members in northern and central Peru.

Question 5

What services does Cooperativa de Ahorro y Crédito Santo Cristo de Bagazán offer?

Accepted Answer

The cooperative offers a comprehensive range of financial services to its members, including:

Credit Products: Consumer loans (non-revolving) and small business loans (microenterprise financing). The credit portfolio primarily targets the consumption sector and small enterprise development.

Savings Products: Regular savings accounts, fixed-term deposits (DPF), and CTS (compensation for time of service) accounts. As of December 2024, member deposits totaled PEN 449.92 million.

Online Services: The cooperative provides digital banking services through its online operations platform, allowing members to conduct transactions remotely. The website at coopscb.com.pe offers information about products and services.

Question 6

What makes Cooperativa de Ahorro y Crédito Santo Cristo de Bagazán unique?

Accepted Answer

The cooperative has received multiple recognitions for its performance and community engagement. In 2004, it received the "Empresa Peruana del Año" (Peruvian Company of the Year) award, marking a turning point that established it as a leader in the Alto Mayo financial market.

Individual agencies have also been recognized for excellence. The Jaén agency received recognition as the best financial company in the province in 2008, while the Nueva Cajamarca agency was honored for its contributions to district development.

The cooperative maintains strong portfolio quality indicators. As of December 2024, its high-risk portfolio (CAR) coverage ratio stands at 171.8%, significantly above the COOPAC Level 3 system average. The cooperative also demonstrates superior profitability metrics, including higher ROA and ROE compared to peer institutions.

Community involvement distinguishes the cooperative's operations. It has received recognition for solidarity efforts, including support for the 2012 Teletón campaign benefiting vulnerable populations across Peru's northern and eastern regions.

Question 7

What type of financial institution is Cooperativa de Ahorro y Crédito Santo Cristo de Bagazán?

Accepted Answer

Cooperativa de Ahorro y Crédito Santo Cristo de Bagazán is a savings and credit cooperative (Cooperativa de Ahorro y Crédito or COOPAC) operating under Peruvian cooperative law. It is classified as a Level 3 COOPAC, which is the highest operational level in Peru's cooperative financial system.

Level 3 cooperatives are authorized to offer the broadest range of financial services and are subject to comprehensive supervision by the SBS. The cooperative is registered in the National COOPAC Registry under number 000006-2019-REG.COOPAC-SBS since February 7, 2019.

As a cooperative, it operates under the principle of mutual assistance, is owned by its members, and functions without profit-seeking objectives. The institution is governed by the General Assembly of Members, supported by an Administrative Council and a Surveillance Council. It is also a member of the Fondo de Seguro de Depósitos Cooperativo (FSDC), which provides deposit insurance coverage to cooperative members.

Question 8

What recognition has Cooperativa de Ahorro y Crédito Santo Cristo de Bagazán received?

Accepted Answer

In addition to operational awards, the cooperative has received positive credit ratings from rating agencies. JCR LATAM has assigned a "B" rating with a "Stable" outlook for Financial Strength as of December 2024.

The rating recognizes the cooperative's adequate portfolio quality and coverage levels, improving solvency and liquidity indices, and sustained growth in profitability indicators. The cooperative's governance practices, internal control systems, and comprehensive risk management have also been noted as strengths supporting its financial stability.

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