Background on CIBanco and its Current Status
CIBanco, a Mexican banking institution, is undergoing the process of asset disincorporation following the revocation of its operating license at its own request. The Instituto para la Protección al Ahorro Bancario (IPAB) has taken over as liquidator, and the process is ongoing.
New Auction for Branch Cessions
Just over three months after the license revocation, CIBanco, represented by Álvarez & Marsal México as the designated liquidator appointed by IPAB, has called for a new public auction.
This auction aims to acquire the right to lease four sets of branches across four regions in the country. In total, there are 130 branches involved in this case.
Regions and Number of Branches
- Metropolitan Area: 46 branches, mostly located in the City of Mexico and State of Mexico.
- North Region: 29 branches spread across the states of Chihuahua, Coahuila, Durango, Nuevo León, Sinaloa, Sonora, and Tamaulipas.
- Southeast Region: 38 branches located in the states of Chiapas, Quintana Roo, and Yucatán.
- East Region: 17 branches in the states of Campeche, Oaxaca, Puebla, Tabasco, Tlaxcala, and Veracruz.
The cession of branches includes the furniture and equipment owned by CIBanco located in these offices.
Impact of Previous Allegations
In June 2025, the U.S. Department of the Treasury accused CIBanco (along with Intercam and Vector Casa de Bolsa) of allegedly allowing money laundering operations.
The immediate impact on CIBanco led to the announcement of selling its fiduciary business to Multiva and its automotive credit portfolio to BanCoppel. Eventually, in October of the previous year, IPAB revealed that CIBanco’s operating license was revoked at its own request, initiating the liquidation process and payments to depositors.
Key Questions and Answers
- What is the purpose of this new auction? The new auction aims to acquire the right to lease four sets of branches across four regions in Mexico.
- Which regions are involved, and how many branches are up for cession in each region?
- Metropolitan Area: 46 branches
- North Region: 29 branches
- Southeast Region: 38 branches
- East Region: 17 branches
- What does the cession of branches include? The cession includes the furniture and equipment owned by CIBanco located in these offices.
- Why is CIBanco undergoing this liquidation process? The U.S. Department of the Treasury accused CIBanco of allegedly allowing money laundering operations, leading to the revocation of its operating license.
