Official Letter modifying the terms of the authorization for the organization and operation of Banco Covalto, S.A., Multiple Banking Institution

Official Gazette of the Federation: 06/22/2023

OFFICIAL LETTER modifying the terms of the authorization for the organization and operation of Banco Covalto, S.A.

On the margin a seal with the National Shield, stating: United Mexican States.- TREASURY.- Secretariat of Treasury and Public Credit.- National Banking and Securities Commission.- Vice Presidency of Normativity.- General Directorate of Authorizations to the Financial System.- Vice Presidency of Supervision of Groups and Financial Intermediaries A.- General Directorate of Supervision of Groups and Financial Intermediaries A.-

Office No.: 312-3/93974/2023.- File: CNBV.3S.1.312 (8074).

Subject:

The terms of the authorization

for the organization and operation of that

entity are modified.

BANCO COVALTO, S.A.,

MULTIPLE BANKING INSTITUTION

Av. Ferrocarril de Cuernavaca, No. 689, Floor 9,

Col. Ampliación Granada, Miguel Hidalgo,

Zip Code 11529, Mexico City.

ATTN.:

LIC. MARK MATTHEW MCCOY MACDONALD

General Director

Via Office 312-3/2511659/2022 dated September 29, 2022, this Commission approved the amendment to Clause Seven of the corporate bylaws of Banco Covalto, S.A., Multiple Banking Institution (Banco Covalto), due to the increase to its minimum fixed capital stock from the amount of $1,478,109,300.00 to $1,478,119,300.00, as a consequence of its merger, in its capacity as merging company, with Vehículo FID CJ-BFT, S. de R.L., in terms of the minutes of the extraordinary general shareholders meeting held on October 27, 2022.

Via Office 312-3/2511660/2022 dated September 30, 2022, this Commission approved the amendment to Clause Seven of the corporate bylaws of Banco Covalto, due to the increase to its minimum fixed capital stock from the amount of $1,478,119,300.00 to $1,707,968,695.00, in terms of the minutes of the extraordinary general shareholders meeting held on October 28, 2022.

Via Office 312-3/93844/2023 dated March 30, 2023, this Commission approved the amendment to Clause Seven of the corporate bylaws of Banco Covalto, due to the increase to its capital stock from the amount of $1,707,968,695.00 to $1,807,968,695.00, in terms of the minutes of the extraordinary general shareholders meeting held on March 30, 2023.

Through submissions presented to this Commission on November 11, 2022 and January 20 and May 15, 2023, via the email VPSupervisionGIFA@cnbv.gob.mx, and in compliance with the requirements contained in Offices 312-3/2511659/2022, 312-3/2511660/2022 and 312-3/93844/2023 previously referred to, Banco Covalto sent certified copies of public deeds 52,085, 52,268 and 53,690 dated October 27 and November 11, 2022 and March 31, 2023, respectively, granted before the faith of Lic. Luis Eduardo Paredes Sánchez, Notary Public number 180 of Mexico City and registered in the Public Registry of Property and Commerce of this same city on November 7 and 23, 2022 and May 11, 2023, under electronic commercial folio number 303991-1 in which the statutory modifications in question were formalized.

Therefore, based on Article 8, last paragraph of the Credit Institutions Law, this Commission deems it appropriate to modify Base Five of the "Authorization for the organization and operation of a multiple banking institution to be called Banco Finterra, S.A., Multiple Banking Institution", currently Banco Covalto, S.A., Multiple Banking Institution, contained in Office P026/2014 dated March 25, 2014, issued by this Commission, published in the Official Gazette of the Federation on April 7, 2014, last modified via Office 312-3/2511635/2022 dated October 5, 2022 and published in said Gazette on October 26, 2022, to read as follows:

"...

FIFTH.- The amount of its paid-in capital stock shall be $1,807,968,695.00 (one billion eight hundred seven million nine hundred sixty-eight thousand six hundred ninety-five pesos 00/100) MXN.

..."

Likewise, based on Articles 8, last paragraph and 97 of the Credit Institutions Law and 19 of the Law of the National Banking and Securities Commission, Banco Covalto is required to inform this authority of the publication date of the text of this office, in the Official Gazette of the Federation and in two widely circulated newspapers of its corporate domicile, within a period of fifteen business days counted from the publication date. The foregoing, with the understanding that said publications must be processed within the fifteen business days following the date of receipt of this office.

This office is issued based on Articles 16, antepenultimate paragraph of the Law of the National Banking and Securities Commission; and 14, 19, fraction X, 21, fractions I, subsection c), II and III and last paragraph, 44, fractions I and IV and 64 of the Internal Regulations of the National Banking and Securities Commission.

Sincerely,

Mexico City, June 6, 2023.- General Director of Authorizations to the Financial System, Lic. Aurora de la Paz Torres Arroyo.- Signature.- General Director of Supervision of Groups and Financial Intermediaries A, Lic. Cynthia Llamas Campos.- Signature.

(R.- 537966)

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