Mexico's Ministry of Finance and Public Credit issued a clarification on reports about sanctions imposed on Banco del Bienestar for control failures. It said the sanctions relate to administrative observations identified by the National Banking and Securities Commission in 2023 and do not indicate losses to users, any impact on resources for the Welfare Programs, or irregularities by the bank. The ministry said those observations have already been addressed through measures to strengthen internal processes, operational controls, risk management and institutional supervision. It added that Banco del Bienestar is currently operating properly and that the administrative sanctions do not affect its solvency, financial stability or day-to-day operations.
Ministry of Finance & Public Credit (Mexico)2026-06-16
Mexico's Ministry of Finance and Public Credit says Banco del Bienestar sanctions stem from 2023 administrative findings already addressed
Mexico's Ministry of Finance and Public Credit said reported sanctions against Banco del Bienestar relate to administrative observations made by the National Banking and Securities Commission in 2023. It said the findings caused no losses to users or Welfare Program resources and have already been addressed through stronger controls, risk management and supervision. The ministry added that the sanctions do not affect the bank's solvency, financial stability or daily operations.