The National Banking and Securities Commission (CNBV), which is the regulator of the financial system in Mexico, has not issued information in this regard.
Crédito Real had worked with creditors on a restructuring plan that would allow it to continue operating, after it failed to pay holders of a Swiss franc bond.
Last June he had announced his decision to terminate his contractual relationship with DLA Piper LLP, a firm that acted as legal advisor, and with FTI Consulting, who was his restructuring advisor.
Crédito Real was a Sofom with a presence in the United States, Costa Rica, Panama, Nicaragua and Honduras. The company was dedicated to granting loans via payroll.
In January 2021, the firm had purchased the credit portfolio of the late Famsa Savings Bank to the Institute for the Protection of Bank Savings (IPAB).
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