Regulatory Alerts2025-04-16
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Comunicado No. 008 Designation of Local Systemically Important Multiple Banking Institutions
The National Banking and Securities Commission (CNBV) designates Banco Inbursa, HSBC México, Banco Citi México, Scotiabank, Banco Nacional de México, Banco Mercantil del Norte, Banco Santander (México), and BBVA México as local systemically important multiple banking institutions based on an annual evaluation using data from December 2024. These institutions are required to establish additional capital conservation supplements ranging from 0.60 to 1.20 percentage points, depending on their assigned systemic importance grade, in addition to the minimum 10.5% capitalization index and Total Loss-Absorbing Capacity (TLAC) capital supplements.
Mexico City, April 16, 2025 Press Release No. 008
The Governing Board of the CNBV Designates Local Systemically Important Multiple Banking Institutions
• Based on the General Provisions Applicable to Credit Institutions (Provisions), and prior agreement by its Governing Board, the National Banking and Securities Commission (CNBV) conducts an annual evaluation of the degree of local systemic importance of all multiple banking institutions, thereby determining those that fall within the category of local systemically important institutions based on the methodology established in said Provisions.
• Local systemically important institutions are those whose potential bankruptcy could affect the stability of the financial system or the country's economy. The Provisions establish for these institutions the obligation to constitute a capital conservation supplement, in addition to the 10.5% corresponding to the minimum capitalization index required for all multiple banking institutions and to the capital supplement for Total Loss-Absorbing Capacity (TLAC).
• The Governing Board of the CNBV, in a meeting held on April 15, 2025 and with information as of the close of December 2024, approved the annual evaluation of multiple banking institutions, determining the following institutions as local systemically important in accordance with the current Provisions:
| Degree of Systemic Importance | Multiple Banking Institutions | Additional Capital Conservation Supplement (percentage points) |
|---|---|---|
| I | Banco Inbursa, S.A., Multiple Banking Institution, Financial Group Inbursa<br>HSBC México, S.A., HSBC Financial Group<br>Banco Citi México, S.A., Multiple Banking Institution, Financial Group Citi México<br>Scotiabank, S.A., Multiple Banking Institution, Financial Group Scotiabank Inverlat | 0.60 |
| II | Banco Nacional de México, S.A., Member of the Financial Group Banamex<br>Banco Mercantil del Norte, S.A., Multiple Banking Institution, Financial Group Banorte | 0.90 |
| III | Banco Santander (México) S.A., Multiple Banking Institution, Financial Group Santander México | 1.20 |
| IV | BBVA México, S.A., Multiple Banking Institution, Financial Group BBVA México | 1.50 |
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