Development banking takes over CI and Intercam's trust business

The Treasury Department indicated that this action will be carried out under current financial regulations and in close coordination with the supervisory authorities. Credit: Special.

The Ministry of Finance ( SHCP ) announced that the trust business of CIBanco and Intercam Banco will be managed by the development bank on a precautionary and temporary basis, in order to subsequently facilitate its permanent transfer to private financial institutions under certain conditions.