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6h ago

Hacienda Presses Sofipos to Tighten Controls as Sector Grows and Buffers Thin

The call follows a surge in clients alongside falling capitalization with deeper losses sector-wide.

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Overview

  • At the AMS 10th convention in Jiutepec, SHCP official Alfredo Navarrete urged stronger internal controls plus improved governance to protect users.
  • Sofipo clients rose from 17.5 million in June 2024 to 28.9 million in June 2025, with assets up 44.4% and credit up 41.2% while capitalization fell to 170.7% from 233.6% and profitability dropped to -32.7% from -15.9%.
  • The government aims for Sofipos to finance up to 30% of SMEs under Plan México, alongside a push for digitalization and new technologies.
  • Roughly 20 savers tied to the intervened Sofipo CAME protested outside the event seeking deposit recovery, after the CNBV suspended its operations on June 13 to safeguard clients.
  • AMS president Marlene Garayzar said the association will proactively pursue realistic, effective regulatory changes aligned with current market conditions.