Overview

• IPAB activated its online portal on October 13 to reimburse insured deposits up to 400,000 UDIs per person, with up to 90 days to complete payments and one year for claims.
• CNBV formalized the liquidation in the official gazette and reported 32,656 insured customers—99.4% of depositors—eligible for coverage, while 196 with larger balances will follow a separate liquidation process.
• Coverage equals roughly 3.42 million pesos per person and applies to insured products such as checking, savings and time deposits, excluding accounts tied to bank insiders.
• Moody’s said the FPAB has sufficient resources—about 132,231 million pesos versus CIBanco deposits of 38,175 million pesos—and does not expect systemwide disruption.
• The wind‑down follows a June 25 FinCEN designation alleging fentanyl‑linked money laundering; CIBanco’s owners say no evidence has been provided in 105 days as the bank sold key units to Multiva, BanCoppel and Bankaool before liquidation.