Sociedades Financieras Populares MX (SOFIPOs)

 Important:

• All financial information presented has been retrieved in its entirety from the Statistical Information Portfolio of the National Banking and Securities Commission (CNBV). The Laboratory of Econometrics and Quantitative Finance «Al-Juarismi» is not responsible for the misuse of this information, nor for errors made by those who publish it officially; its sole purpose is dissemination. For more information, please read the Disclaimer.
• Based on the information provided by the societies in accordance with Articles 48, 70, 105, 205 bis 4, and 327 of the General Provisions applicable to popular savings and credit entities, integration organizations, community financial societies, and rural financial integration organizations, as referred to in the Popular Savings and Credit Law (Provisions), in terms of what is established by Article 73 of the Popular Savings and Credit Law, published in the Official Journal of the Federation on December 18, 2006, and its amendments.
• **/ Fecha de corte: 16 de febrero de 2026.
• As of the end of November 2025, 34 entities were found to be in operation.
• Capitalization Level = Net capital / Total capital requirement for risks. Companies must maintain net capital equal to or greater than the total capital requirement for risks, that is, equal to or above 131% to consider that the capital adequately covers the risks faced by the institution. It is important to note that rounded figures are reported.
• The Auxiliary Supervision Committee of the Federations classifies Societies into categories according to their Capitalization Level, and these are published on their website, based on articles 205 Bis 2 and 205 Bis 4 of the aforementioned Provisions, in accordance with the provisions of article 73 of the Law.. 
• Opciones empresariales del noroeste, S.A de C.V., S.F.P. (Opciones Empresariales) was found in category 2.
• Ictineo Plataforma, S.A. DE C.V., S.F.P. (Ictineo), by not reporting a credit portfolio in November 2025, it is not possible to calculate the capitalization requirement for risks, and thus, its Capitalization Index cannot be calculated, considering the methodology established in the applicable prudential regulation for popular financial companies with total assets equal to or less than 15 million UDIS.
• Information from Acción y Evolución, S.A. de C.V., S.F.P. is not included due to the supervisory process conducted by this National Banking and Securities Commission, which instructed actions and corrective measures to the Company impacting its Net Capital. As the Company did not address the corrective actions or modify its regulatory reports, a resolution was communicated confirming the instruction to modify the financial information and the capitalization level (NICAP).
• Financiera Más, S.A. de C.V., S.F.P. (Financiera Más) initially presented an ICAP of 4341.3157%; however, it is noted that it made a resubmission to the Federation with adjusted figures. Subsequently, the company submitted its report on February 16, 2026.
• Financiera Broxel, S.A. de C.V., S.F.P., (F Broxel), initially presented an ICAP of 470.5575%; however, it is noted that it made a resubmission to the Federation with adjusted figures. Subsequently, the company submitted its report on February 12, 2026.
• The NICAP of the company Libertad Servicios Financieros, S.A. de C.V., S.F.P., is under review by the National Banking and Securities Commission, so it may undergo modifications based on the financial, accounting, and operational information submitted by the company to said Commission.
• Due to Trafalgar SFP S.A. de C.V., S.F.P. (Trafalgar) having a recent authorization to commence operations as a Popular Financial Society, and not having a balance in its credit portfolio at the end of the month, the NICAP cannot be determined, in accordance with the provisions established in Article 46 of the current General Provisions.