Banco Famsa

What Banco Famsa does

Banco Famsa (legal name: Banco Ahorro Famsa, S.A., Institución de Banca Múltiple) was a Mexican multiple-purpose banking institution headquartered in Ciudad de México, originally founded in 2007. Prior to its liquidation, the bank offered retail banking products including personal loans, savings accounts, checking accounts, credit cards, and investment services, serving individual retail customers through a national branch network of 163 locations. The bank also provided money remittance services to support international transfers.

As of November 11, 2020, Banco Ahorro Famsa was placed into Judicial Liquidation by the Séptimo Juzgado de Distrito en Materia Civil en la Ciudad de México (Expediente 227/2020). The Instituto para la Protección al Ahorro Bancario (IPAB), Mexico's statutory banking deposit protection agency, was appointed as Judicial Liquidator, with Alvarez & Marsal México, S.C. serving as the Apoderado Liquidador Judicial to manage day-to-day wind-down operations. The bank ceased normal operations as a going concern and no longer offers active banking products.

Current operations are limited to liquidation administration: an online portal for creditors to verify recognition in the Sentencia de Reconocimiento, Graduación y Prelación de Créditos (published June 30, 2021), a tax certificate issuance service for FY2020 account holders, telephone customer service, and 163 branch locations retained for in-person creditor consultations. The recognized creditor base includes approximately 515,772 parties with guaranteed obligations totaling $391,963,354.54 MDP, comprising retail depositors, former bank employees with labor claims, tax authorities, and remittance service customers. The business model is no longer revenue-generating; all activity is in service of orderly creditor resolution under the Ley de Instituciones de Crédito.

Name

Banco Famsa

Legal name

Banco Ahorro Famsa, S.A., Institución de Banca Múltiple

Website

https://bafamsa.com

Company type

Private

Founded year

2007

Operating status

Closed

Headcount range

11–50 employees

Short description

Banco Famsa (Banco Ahorro Famsa, S.A.) is a Mexican bank currently in judicial liquidation since November 2020 under IPAB supervision, serving no active customers and operating 163 branches solely to administer creditor claims of approximately 515,772 recognized parties.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Retail banking
• Consumer lending
• Branch banking
• Creditor claims
• Bank liquidation

Headquarters

HQ city

Monterrey

HQ country

Mexico

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Others

Distribution channels2 records

Marketing channels1 record

Core offering

Banco Ahorro Famsa, S.A., Institución de Banca Múltiple, was a multiple banking institution in Mexico that historically provided retail banking, consumer credit, and branch-based financial services to individuals. The entity is currently subject to a judicial liquidation process administered by IPAB, with Alvarez & Marsal México serving as the Apoderado Liquidador Judicial, focused on processing creditor claims, honoring guaranteed obligations, and managing the orderly wind-down of the bank.

Product overview

Banco Famsa (Banco Ahorro Famsa, S.A., Institución de Banca Múltiple) was a Mexican multiple-purpose bank that entered judicial liquidation on November 11, 2020. The company's current offering consists of services related to the liquidation process managed by the Instituto para la Protección al Ahorro Bancario (IPAB) as judicial liquidator. The portfolio includes a creditor consultation portal for verifying recognized credits in the court-approved sentence, a tax certificate issuance service for fiscal year 2020 account holders, a network of 163 branches for in-person liquidation inquiries, and a telephone customer service center. The bank is not operating as a going concern and does not offer active banking products.

Differentiator

Problem solved

Functional benefit

Products and services

• Consulta de Lista Provisional de Acreedores A consultation service through which creditors can review the provisional list of creditors (Lista Provisional de Acreedores) to verify their inclusion, claim amounts, and status of guaranteed obligations during the bank's judicial liquidation process.
• Constancia de Retención A retention certificate issued to creditors documenting amounts retained during the liquidation, used by the recipient for tax and legal recordkeeping purposes.
• Branch Network (Sucursales) A nationwide network of 163 physical branches in Mexico used to serve retail banking customers and, during liquidation, to support creditor-facing activities and the orderly wind-down of operations.
• Customer Service Center (Centro de Atención a Clientes) A dedicated customer service channel (call center) used to handle creditor inquiries, provide information about the liquidation process, and route customers to appropriate claims and documentation services.

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Alvarez & Marsal México, S.C.coreImplementation/ SI/ Consulting Partner · 11 November 2020Alvarez & Marsal México, S.C. serves as the Apoderado Liquidador Judicial (Judicial Liquidator Attorney) appointed by IPAB to manage the day-to-day operations of the liquidation process, including creditor management, asset disposition, and legal proceedings administration.

Scale indicators4 records

Recent moves5 records

Direct peers

• Banco Azteca: Mexican commercial bank focused on mass-market retail deposit and consumer credit, closely mirroring Banco Famsa's product mix (deposits, personal loans, credit) through high-street branches.
• Gentera: Holding company for Compartamos and related consumer-finance businesses in Mexico; structurally comparable as a Mexican retail-consumer financial services platform.
• Compartamos Banco: Mexican commercial bank originally built around microfinance and personal loans for underserved retail consumers; comparable consumer-credit orientation and customer demographic.
• BanCoppel: Mass-market Mexican retail bank owned by Grupo Coppel, providing deposit accounts, credit cards, and personal loans to lower- and middle-income consumers nationwide - the closest analogue to Banco Famsa's historical positioning.

Broad incumbents

• BBVA México: One of the largest Mexican universal banks; competes for retail deposits and personal loans nationwide and sets the competitive baseline Banco Famsa operated within.
• Banco Inbursa: Diversified Mexican bank controlled by Grupo Carso; broader portfolio but overlaps materially on retail deposit-taking and consumer lending in the same Mexican market.
• Banorte: Largest Mexican-domestic bank with full retail and commercial coverage; relevant peer for understanding competitive intensity in Mexican retail banking.
• Scotiabank México: Major Mexican bank with retail and consumer credit offerings; referenced as comparable incumbent competing for the same Mexican retail customer base.
• Banco Santander México: Major Mexican commercial bank with broad retail deposit and consumer credit franchise; a key competitor for the mass-market deposits and personal lending business Banco Famsa occupied.
• HSBC México: Major Mexican universal bank with retail deposit and consumer lending operations; peer for benchmarking regulatory and product positioning in Mexican mass-market banking.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat2 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Banco Famsa