Overview

• Payments to insured depositors begin on October 13, covering balances up to 400,000 UDIs, or roughly 3.4 million pesos, per person.
• The CNBV approved CIBanco’s shareholder‑requested revocation, and IPAB initiated liquidation with most branches closed and limited to consultations and payment claims.
• Borrowers must continue making loan payments, and deposits held by shareholders, board members and senior executives are not guaranteed under IPAB rules.
• The wind‑down follows FinCEN’s late‑June allegations linking CIBanco, Intercam and Vector to fentanyl‑related money‑laundering, while majority owner Tenedora CI says independent reviews found no evidence after 105 days.
• CIBanco had already sold key units—its trust business to Multiva, auto loans to BanCoppel and FX division to Bankaool—as Intercam’s assets moved to Banco Kapital and Vector’s portfolios to Finamex, with the steps preceding FinCEN’s October 20 cutoff for U.S. dealings.