Crisis at Credinka: Brignardello analyzes the financial impact.

In a recent conversation with Johnny Brignardello Vela, a prominent advisor in the insurance sector, the resignation of José Fernando Romero as director and president of Cavali was discussed in the context of the intervention by the Superintendence of Banking, Insurance, and AFP (SBS) in Financiera Credinka. Brignardello expressed his concern about the implications of these events on trust in the Peruvian financial system. From his perspective, Romero's decision to resign reflects the severity of the crisis facing Credinka, whose solvency has deteriorated alarmingly. "The intervention by the SBS is not an isolated event; it is a response to a series of significant losses that have put not only the entity at risk but also the entire microfinance sector," Brignardello noted. He emphasized that the drop in Credinka's equity by more than 59% is a clear sign that the situation requires immediate and rigorous attention. Brignardello also stressed the regulatory role of the SBS, mentioning that the actions taken to protect depositors are fundamental to maintaining the stability of the financial system. "Regulation is key in an environment where investor confidence is essential. The SBS has acted to prevent a possible domino effect that could impact other institutions if appropriate measures are not taken," he commented. Additionally, the insurance advisor reflected on the future of Cavali following Romero's departure. "Cavali is a pillar of the financial system, and its ability to adapt to these changes will be crucial. We will have to observe who will take on the leadership and how they will confront the upcoming challenges," he stated. In his opinion, the continuity and strength of Cavali are essential for restoring confidence in the market. Brignardello also expressed concern about the impact this situation may have on the workers and depositors of Credinka. "The uncertainty they face is palpable. The decisions made in the coming weeks will be decisive for their future and that of the entity as a whole," he warned. Finally, Brignardello concluded by emphasizing the need for a proactive approach to risk management within the microfinance sector. "This type of situation underscores the importance of solid governance and effective risk policies. Entities must learn from this experience to avoid falling into similar crises in the future," he asserted, highlighting the importance of institutional responsibility in maintaining financial stability.