Regulatory Alerts2022-10-26 | DOF 5669716Added
Office Letter Modifying the Terms of the Authorization for the Organization and Operation of Banco Covalto, S.A., Multiple Banking Institution
This office letter modifies Base Five of the authorization for the organization and operation of Banco Covalto, S.A., Institución de Banca Múltiple, setting its paid-in social capital amount at $1,478,109,300.00 MXN. The National Banking and Securities Commission requires the entity to report the publication date of this modification in the Official Gazette of the Federation and two widely circulated newspapers within fifteen business days of receipt. These changes follow a series of prior approvals regarding capital increases formalized through public deeds registered between 2020 and 2022.
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