Mexico's Ministry of Finance and Public Credit published a communiqué stating that the Governing Board of the National Banking and Securities Commission has decreed a temporary managerial intervention at CI Banco, S.A. and Intercam Banco, S.A. to protect depositors and creditors. The measure, based on Article 129 of the Credit Institutions Law, replaces the banks’ administrative bodies and legal representatives to safeguard the rights of savers and customers, citing potential implications for the institutions from measures announced by the United States Department of the Treasury. The communiqué also notes that Mexican financial authorities will continue coordinating to support the stability, integrity and proper functioning of the financial system.
Ministry of Finance & Public Credit (Mexico) 2025-06-26
Mexico's Ministry of Finance and Public Credit reports CNBV orders temporary managerial intervention at CI Banco and Intercam Banco
Mexico's Ministry of Finance and Public Credit announced a temporary managerial intervention at CI Banco, S.A. and Intercam Banco, S.A. to protect depositors and creditors. Under Article 129 of the Credit Institutions Law, this action replaces the banks' administrative bodies and legal representatives. The intervention responds to potential impacts from U.S. Treasury measures, with ongoing coordination among Mexican financial authorities to maintain financial system stability.