{"id":26744,"date":"2025-10-15T14:41:31","date_gmt":"2025-10-15T14:41:31","guid":{"rendered":"https:\/\/basham.com.mx\/?p=26744"},"modified":"2025-10-15T14:43:17","modified_gmt":"2025-10-15T14:43:17","slug":"revocation-of-license-and-liquidation-of-cibanco-s-a-institucion-de-banca-multiple","status":"publish","type":"post","link":"https:\/\/basham.com.mx\/en\/revocation-of-license-and-liquidation-of-cibanco-s-a-institucion-de-banca-multiple\/","title":{"rendered":"Revocation of License and Liquidation of CIBanco, S.A., Instituci\u00f3n de Banca M\u00faltiple"},"content":{"rendered":"

October 15, 2025<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

On October 10, 2025, the Institute for the Protection of Bank Savings (Instituto para la Protecci\u00f3n al Ahorro Bancario, \u201cIPAB\u201d) officially announced the start of the liquidation process of CIBanco, S.A., Instituci\u00f3n de Banca M\u00faltiple (\u201cCIBanco\u201d), following the revocation of its authorization to act as a banking institution, which was published in the Federal Official Gazette (Diario Oficial de la Federaci\u00f3n) on October 13, 2025. Such revocation was previously approved unanimously by the Governing Board of the National Banking and Securities Commission (Comisi\u00f3n Nacional Bancaria y de Valores, \u201cCNBV\u201d) during its session held on October 9, 2025, pursuant to the Law of Credit Institutions (Ley de Instituciones de Cr\u00e9dito).<\/p>\n\n\n\n

CIBanco\u2019s license was revoked following its own request submitted before the CNBV on October 8, 2025. On October 13, 2025, after reviewing the petition and obtaining favorable opinions from the Bank of Mexico (Banco de M\u00e9xico) and the IPAB, the CNBV\u2019s Governing Board unanimously approved the request, authorizing the bank\u2019s liquidation and instructing the IPAB to begin payments of guaranteed obligations under the Law of Credit Institutions.<\/p>\n\n\n\n

Background of the Revocation<\/strong><\/p>\n\n\n\n

On June 25, 2025, the U.S. Department of the Treasury, through the Financial Crimes Enforcement Network (FinCEN), identified CIBanco, Intercam Banco, and Vector Casa de Bolsa as financial institutions potentially involved in money laundering-related activities. In response, the CNBV exercised its supervisory authority, placing these institutions under direct administrative intervention while allowing them to continue normal operations. FinCEN granted the entities until October 20, 2025, to strengthen their anti-money laundering (AML) frameworks, implement corrective measures, and submit comprehensive compliance reports. The agency warned that failure to comply could lead to further sanctions or operational restrictions.<\/p>\n\n\n\n

Beginning of the Liquidation Process<\/strong><\/p>\n\n\n\n

Acting as CIBanco\u2019s liquidator, the IPAB confirmed that all branches would close on October 10, 2025, retaining only a limited number of offices to assist customers and process payments of guaranteed obligations. Payments began on October 13, 2025, based on the bank\u2019s automated records\u2014no action is required from customers\u2014and covered deposits, loans, and approved credit lines.<\/p>\n\n\n\n

Effects on Clients and Outstanding Loans<\/strong><\/p>\n\n\n\n

According to the IPAB, CIBanco\u2019s borrowers must continue making their loan payments. To facilitate this process, the agency has enabled telephone and online assistance channels, as well as a limited number of branches for certain in-person transactions. Depositors remain protected under Mexico\u2019s deposit insurance framework, which covers up to 400,000 Investment Units (approximately MXN$3.4 million or USD$183,000) per individual. This protection applies within the legal coverage limits but does not preclude customers from pursuing additional legal remedies to recover any remaining amounts.<\/p>\n\n\n\n

CIBanco\u2019s liquidation represents a significant event in Mexico\u2019s financial system, highlighting the government\u2019s active enforcement of the supervisory and resolution mechanisms established under the Law of Credit Institutions. The process\u2014overseen by the CNBV and the Ministry of Finance and Public Credit (Secretar\u00eda de Hacienda y Cr\u00e9dito P\u00fablico) and executed by the IPAB\u2014aims to ensure an orderly exit from the banking system while safeguarding depositors\u2019 funds and rights.<\/p>\n\n\n\n

The attorneys of our Banking and Finance Practice Group remain at your disposal for any further questions regarding this matter.<\/p>\n\n\n\n

Sincerely,<\/strong><\/p>\n\n\n\n

Pedro Said Nader<\/p>\n\n\n\n

psaid@basham.com.mx<\/a><\/p>\n\n\n\n


Mariana Campos Clasing<\/p>\n\n\n\n

mcampos@basham.com.mx<\/a><\/p>\n\n\n\n


Carlos Keigo Ch\u00e1vez Kubota<\/p>\n\n\n\n

ckchavez@basham.com.mx<\/a><\/p>\n\n\n\n


Jer\u00f3nimo Cordero Guti\u00e9rrez<\/p>\n\n\n\n

jcordero@basham.com.mx<\/a><\/p>\n\n\n\n

<\/p>","protected":false},"excerpt":{"rendered":"

October 15, 2025 On October 10, 2025, the Institute for the Protection of Bank Savings (Instituto para la Protecci\u00f3n al Ahorro Bancario, \u201cIPAB\u201d) officially announced the start of the liquidation process of CIBanco, S.A., Instituci\u00f3n de Banca M\u00faltiple (\u201cCIBanco\u201d), following the revocation of its authorization to act as a banking institution, which was published in […]<\/p>","protected":false},"author":19,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-26744","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/posts\/26744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/comments?post=26744"}],"version-history":[{"count":2,"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/posts\/26744\/revisions"}],"predecessor-version":[{"id":26747,"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/posts\/26744\/revisions\/26747"}],"wp:attachment":[{"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/media?parent=26744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/categories?post=26744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/tags?post=26744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}