The Banco Ahorro Famsa case
This case dates back to 2020, when the Ministry of Finance announced the revocation of Banco Ahorro Famsa’s license for failing to comply with the capitalization limits.
The news was given in the middle of the pandemic and it was rumored that the liquidation was due to debts from clients, a version that the authorities denied.
The institution had been dragging a series of defaults since 2016, such as a capitalization level below the 10.5% established in the regulation, as well as irregularities in the granting of credits.
The financial authorities in Mexico (Treasury, Banxico and CNBV) decided to safeguard the savings of more than 580,000 savers and the Fund of the Institute for the Protection of Bank Savings (IPAB) was able to pay the money of those who then had 400,000 UDIS, which at that time was equivalent to 2.56 million pesos (mdp).
Savers who had more than that amount in their account entered a list of creditors who expect the bank to return the rest of their money.
The credits that Banco Ahorro Famsa gave to clients were acquired by other banks and now they are the ones who collect those debts.
Accendo Bank
The year after the bankruptcy of Banco Ahorro Famsa, in September 2021, the Treasury liquidated another small bank in Mexico.
It was Accendo Banco, a financial entity dedicated to offering banking services to companies, which failed to comply with the capitalization levels established in the Basel III agreement and added 642 million pesos to its stockholders’ equity, which it had to register as capital. Passives.
With the liquidation of this bank, the commercial alliances that the bank had with companies such as Cuenca, Billpocket, SWAP, Kushki, Sr. Pago, Clara, NEA, Okredito, Delt.ai, Feenicia, Pharos Payments, Paycips, Punto Clave were broken. , Blacklabs and Bosc.
96% of the clients of this bank were able to recover their resources.
