CNBV: SOFOMES, the new engine of national economic development
- Grupo IBC
- Oct 14
- 3 min read
The National Banking and Securities Commission (CNBV) recently highlighted the strategic role of Multiple Purpose Financial Companies (SOFOMES) as one of the pillars of national economic growth.
During the 19th Convention of the Mexican Association of SOFOMES (ASOFOM), held in Cancún, the Vice President of Supervision of Development Banking and Popular Finance, Eugenio Laris González, stated that SOFOMES can consolidate themselves as engines of economic development if they are effectively integrated into Plan México.
"If SOFOMES are effectively integrated into Plan México, they will undoubtedly become engines of national economic development," the official said.
The Role of SOFOMES in Plan México
Plan México aims to ensure that by 2030, at least 30% of small and medium-sized enterprises (SMEs) in the country have access to formal financing.
In this context, SOFOMES are emerging as essential financial intermediaries, serving niches that traditional banks cannot reach, thereby promoting financial inclusion, job creation, and strengthening local business ecosystems.
Currently, Mexico has 2,071 SOFOMES, collectively managing a loan portfolio exceeding 1.36 million pesos, primarily aimed at SMEs, entrepreneurs, and business owners.
Their territorial reach and operational flexibility make them key vehicles for the expansion of productive credit, generating a tangible impact on regional economies and family well-being.
"SOFOMES are catalysts for financial inclusion; they benefit local economies and reduce regional inequalities, demonstrating the productivity of their social contribution," emphasized Laris González.
Technological Innovation and Institutional Strengthening
The CNBV emphasized that the current environment presents a unique opportunity for SOFOMES to evolve toward more efficient and technologically advanced models, adopting interoperable digital platforms, automated processes, and fully digital origination systems, without compromising security or transparency.
This technological transformation, combined with strengthened internal controls, will allow SOFOMES to consolidate their position within the Mexican financial system.
According to the CNBV, robust internal controls not only protect against operational risks or fraud but also increase investor, client, and counterparty confidence, ensuring sustainable operations over time.
Laris González highlighted that one of the sector’s most important challenges is promoting a culture of self-compliance within each institution, as a foundation for responsible management aligned with regulatory frameworks.
"It is urgent to strengthen a culture of self-compliance within every organization," he concluded.
A Solid Foundation for Financial Growth
During the first half of 2025, the SOFOM sector maintained low delinquency rates in consumer and housing loans, reflecting sound risk management and a more mature financial structure.
These results support the idea that SOFOMES have not only gained relevance in the Mexican economy but are also prepared to become the financial engine the country needs to drive sustained development.
Institutional backing, technological integration, and solid regulation pave the way for a new stage of expansion and professionalization in the SOFOM ecosystem.
The time to have your own SOFOM is now
The vision of the CNBV and the momentum of Plan México confirm what Grupo IBC has understood for years: SOFOMES are not just a business opportunity—they are a structural platform to transform credit into growth.
At Grupo IBC, we support you throughout the entire process to create, structure, and launch your own SOFOM, ensuring compliance with regulatory guidelines, operational manuals, and required compliance frameworks.
You focus on operating and growing.We take care of the rest.
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