Overview
- CNBV approved the bank’s voluntary license revocation after a shareholders’ resolution, and the IPAB has formally launched liquidation.
- Insured deposits up to 400,000 UDIs per person (about 3.42 million pesos) will be paid via the IPAB portal beginning Oct. 13, using bank records with payments expected within legal timeframes.
- CIBanco branches closed Oct. 10, with a limited number reopening from Oct. 13 only for consultations and guaranteed‑deposit requests during reduced hours.
- Customers with CIBanco loans remain obligated to continue making payments, with guidance available through IPAB’s hotline, email and website.
- U.S. Treasury/FinCEN identified CIBanco in June for suspected laundering tied to fentanyl; assets were shifted to other firms in recent months, and majority owner Tenedora CI says the exit is to protect stakeholders and disputes receiving evidence.