Multiva Cleared to Absorb CIBanco Trust Unit as Inflation Rises

This week in Mexico’s economic and financial news, regulators approved Multiva’s absorption of CIBanco’s spun-off fiduciary unit. Export prospects strengthened as new forecasts pointed to solid nearshoring-driven growth in 2025, while inflation rose more than expected ahead of Banxico’s final policy decision of the year. Meanwhile, Nu Mexico announced a multibillion-dollar investment plan, and lawmakers advanced a new “Made in Mexico Day” to support local producers and MSMEs.

More news below:

Grupo Multiva Approved to Buy CIBanco Trust Unit, Says SHCP

The Ministry of Finance and Public Credit (SHCP) has authorized Grupo Financiero Multiva to acquire CIBanco’s trust business, which was formally spun off from the institution on Aug. 26. The approval was published Dec. 5 in the Official Gazette (DOF). The document states: “The merger of ‘Banco Multiva, S.A., Institución de Banca Múltiple, Grupo Financiero Multiva,’ as the surviving entity, with the newly created company resulting from the spin-off of ‘CIBanco, S.A., Institución de Banca Múltiple’ is authorized.”

Mexico Forecasts 6% Export Growth in 2025, Driven by Nearshoring

The Mexican Business Council for Foreign Trade, Investment and Technology (Comce) projects that Mexico's product exports will grow 6% in 2025 and 6.5% in 2026. This trajectory is expected to push external sales to US$700 billion next year, driven by the consolidation of nearshoring and friendshoring opportunities.

Mexico’s November Inflation Hits 3.8%, Ahead of Banxico Meeting

Mexico’s annual inflation accelerated more than anticipated in November, reaching 3.8%, according to the National Institute of Statistics and Geography (INEGI). The figure surpassed the median Bloomberg estimate of 3.7% and the 3.5% recorded in October, marking a notable increase one week before Mexico’s Central Bank (Banxico) is set to hold its final policy meeting of the year.

Nu Mexico Unveils US$2.5 Billion Five-Year Investment

Nu Mexico, the subsidiary of the Brazilian digital financial services giant Nubank, plans to invest US$2.5 billion in Mexico over the next five years. Armando Herrera, General Director, Nu Mexico, noted that this amount is roughly double what the institution has invested in the country over its six years of operation.

Mexico Senate Approves “Made in Mexico Day” for MSME Support

The Mexican Senate has approved a measure to designate the second Friday of September as National Made in Mexico Day. The initiative, which now moves to the Chamber of Deputies for discussion, aims to boost domestic consumption, stimulate national production, and recognize the talent and innovation of Mexican producers, particularly micro, small, and medium-sized enterprises (MSMEs).