Mexico's Ministry of Finance and Public Credit begins spin-off and temporary transfer of CIBanco and Intercam Banco fiduciary business to development banks

Mexico's Ministry of Finance and Public Credit has initiated a process to split out the fiduciary (trust) business of CIBanco and Intercam Banco, which are subject to a managerial intervention under the Law of Credit Institutions, and to transfer it temporarily to Mexican development banking entities to keep existing trusts operating without interruption. The temporary transfer will be executed under existing financial rules and in close coordination with supervisory authorities. Regulatory and operational controls will remain in place, with ongoing oversight by the National Banking and Securities Commission and other financial authorities to protect the interests of users, trust settlors, beneficiaries and other involved parties. In parallel, the Ministry will implement a mechanism to facilitate the permanent transfer of the fiduciary business to private financial institutions under conditions designed to ensure continuity, legality and certainty for participants.