Mexico's National Banking and Securities Commission revokes CIBanco’s banking licence as IPAB begins insured depositor payouts up to 400,000 UDIS

Mexico's National Banking and Securities Commission (CNBV) has revoked CIBanco’s authorisation to operate as a multiple banking institution following a voluntary request by the bank’s shareholders, triggering a voluntary liquidation process in which the Institute for the Protection of Bank Savings (IPAB) has begun paying insured depositors. The shareholders submitted the revocation request on 8 October 2025, after which CNBV’s Governing Board lifted the bank’s intervention and approved the revocation on 9 October. From 10 October 2025, IPAB assumed the role of liquidator and started paying “guaranteed obligations” covered by Mexico’s deposit insurance up to 400,000 Unidades de Inversión (UDIS) per person per bank (MXN 3,424,262.40 as of 10 October 2025), funded by the Banking Savings Protection Fund rather than public resources. Covered products include demand deposits, savings and certain time deposits, and promissory notes accepted by the bank, subject to statutory exclusions that include deposits of shareholders, board members and senior management. Based on preliminary figures, 32,656 depositors are expected to receive payments, with 99.4% fully protected, and CNBV noted CIBanco’s assets represent 0.44% of total banking system assets. Insured payments are made by electronic transfer to an account held by the same depositor at another operating multiple banking institution, using IPAB’s online registration and tracking process.