Mexico's Ministry of Finance and Public Credit issued a communiqué outlining the start of CIBanco’s voluntary liquidation after the National Banking and Securities Commission (CNBV) approved and formalised the revocation of the bank’s authorisation to operate as a multiple banking institution. The Institute for the Protection of Bank Savings (IPAB) has taken over as liquidator and begun paying insured depositors. CIBanco’s shareholders resolved to request the revocation on 8 October 2025, after which the CNBV Board lifted the bank’s intervention and approved the revocation on 9 October 2025; the revocation order was published in the Federal Official Gazette on 13 October 2025. IPAB assumed the liquidator role from 10 October 2025 and is paying “guaranteed obligations” up to the statutory cap of 400,000 investment units (UDIS) per person per bank, stated as a maximum covered amount of MXN 3,424,262.40 as of 10 October 2025, funded by the bank deposit protection fund financed by contributions from multiple banking institutions rather than public resources. The communiqué notes exclusions from coverage for certain insiders (including shareholders, board members and senior management) and describes covered products (including demand deposits, savings and certain time deposits, and accepted loans/notes), with preliminary figures indicating payments to 32,656 depositors and that 99.4% of them are fully covered. It also reports CIBanco’s assets at 0.44% of total banking system assets and sets out that payouts are made by electronic transfer to an account in another operating multiple banking institution via an IPAB registration platform.

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