Mexico · Financial institution
Scotiabank Inverlat, S.A. Institucion de Banca Multiple
Legal name in the LEI recordSCOTIABANK INVERLAT, S.A., INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO SCOTIABANK INVERLAT
Scotiabank Inverlat, S.A. is a Mexican multiple-banking institution (institución de banca múltiple) based in Mexico City. It trades as Scotiabank México. Grupo Financiero Scotiabank Inverlat, S.A. de C.V. holds 99.9999% of its shares, and The Bank of Nova Scotia of Canada controls that group. The bank offers retail, SME, corporate, government and wealth management banking, together with treasury and markets services. Its origins go back to Banco Comercial Mexicano, founded in 1934. Scotiabank acquired control of its predecessor, Banco Inverlat, between 1995 and 2000.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- MBCOMXMMXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under MBCOMXMM directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- 8 branch codes
- BIC first registered
- 1981-11-29
- Last updated
- 2024-07-09
Overview
Researched 29 Sep 2026 · Sources
Ownership
Group subsidiary
99.9999% Grupo Financiero Scotiabank Inverlat, S.A. de C.V.
Institution type
Commercial bank
Trades as Scotiabank México
- Ownership
- Grupo Financiero Scotiabank Inverlat, S.A. de C.V. holds 99.9999% of the bank and is controlled by The Bank of Nova Scotia.
- Direct parent
- Grupo Financiero Scotiabank Inverlat, S.A. de C.V., Mexico 99.9999%
- Ultimate owner
- The Bank of Nova Scotia, Canada
- Head office
- Lorenzo Boturini 202, Col. Tránsito, 06820 Ciudad de México, Mexico
- Name in the local language
- Scotiabank Inverlat, S.A., Institución de Banca Múltiple, Grupo Financiero Scotiabank Inverlat
- Former names
- Banco Inverlat · Multibanco Comermex
Business lines
According to its second-quarter 2026 report, retail loans, mainly mortgages, made up the larger share of the loan book. Commercial, financial-institution and government lending made up the rest.
Online
- Websites & references
- scotiabank.com.mx ↗
gbm.scotiabank.com ↗ Global Banking and Markets site of the Scotiabank group (Spanish), linked from the footer
Wikipedia ↗ - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗ · YouTube ↗
Sources · 10 pages consulted
- scotiabank.com.mx/
- scotiabank.com.mx/acerca-de/quienes-somos/directivos-relevantes.aspx
- scotiabank.com.mx/acerca-de/quienes-somos/consejo-administracion.aspx
- scotiabank.com.mx/acerca-de/inversionistas/estados-financieros.aspx
- cdn.aglty.io/scotia-bank-mexico/spanish/pdf/acerca-de/gobierno-corporativo/Boletin-Prensa-T2-26-P.pdf
- scotiabank.com.mx/personas/servicios/internacionales/swift-ordenes-pago.aspx
- sanciones.cnbv.gob.mx/Detail/58550/0
- itam.mx/es/noticia/guillermo-babatz-torres-exalumno-del-itam-asume-la-presidencia-del-consejo-de-
- expansion.mx/economia/2026/04/27/guillermo-babatz-nuevo-presidente-consejo-scotiabank
- es.wikipedia.org/wiki/Scotiabank_Inverlat
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Pablo Elek Hansberg Director General Grupo Financiero Scotiabank y Scotiabank Inverlat
- Chair
- Guillermo Enrique Babatz Torres Presidente del Consejo de Administración
- Chief financial officer
- Javier Antonio Serebrisky SVP & Director General Adjunto - Finanzas
- Executive
- Carlos Orta Director Corporativo de Cumplimiento y PLD-FT
- Executive
- Víctor Carpio SVP & Director General Adjunto - Riesgos
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- Mexico
- National Banking and Securities Commission (CNBV) Prudential supervisorAML supervisorSecurities
- Mexico
- Bank of Mexico (Banco de México) Central bankForeign exchange
- Mexico
- National Commission for the Protection and Defence of Users of Financial Services (CONDUSEF) Conduct
- Mexico
- Institute for the Protection of Bank Savings (IPAB) Resolution
Recent events 1 enforcement or investigation item
Researched 29 Sep 2026 · Sources
-
Leadership
The shareholders' meeting of 24 April 2026 appointed Guillermo Babatz as board chair, succeeding Georgina Kessel.
cdn.aglty.io ↗ -
Other
The group completed the sale of its 6.77% stake in credit bureau Trans Union de México on 2 March 2026.
cdn.aglty.io ↗ -
Leadership
Pablo Elek took office as chief executive of Scotiabank México, succeeding Adrián Otero.
scotiabank.com.mx ↗ -
Enforcement
The CNBV fined the bank MXN 422,450 for failing to deliver information on time under the financial services transparency law.
sanciones.cnbv.gob.mx ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- MBCOMXMMXXX
- How the BIC breaks down
- MBCOBank
- MXCountry · Mexico
- MMLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 549300T60BY4RTBQCL56
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- Mexico · Latin America & Caribbean
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
- Ultimate parent
- The Bank of Nova Scotia · CanadaL3I9ZG2KFGXZ61BMYR72 ↗
The The Bank of Nova Scotia group has 31 institutions in the directory, in 22 countries: all hold a BIC.
Including Scotiabank (Ireland) Designated Activity Company, The Bank of Nova Scotia, Bank of Nova Scotia, The Bank of Nova Scotia, Scotiabank Chile.
See the The Bank of Nova Scotia group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- COL TRANSITO / ALCALDIA CUAUHTEMOC LORENZO BOTURINI GRUPO FINANC. SCOTIABANK INVERLAT 202 MEXICO 06820 MEXICO
- Operational address
- BOULEVARD MANUEL AVILA CAMACHO 1 COL. LOMAS DE CHAPULTEPEC / HIDALGO FLOOR 19 MEXICO 11000 MEXICO MEXICO
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>MBCOMXMMXXX</BICFI>
<LEI>549300T60BY4RTBQCL56</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>MBCOMXMMXXX</BICFI>
<LEI>549300T60BY4RTBQCL56</LEI>
<Nm>SCOTIABANK INVERLAT, S.A. INSTITUCION DE BANCA MULTIPLE</Nm>
<PstlAdr>
<TwnNm>MEXICO</TwnNm>
<Ctry>MX</Ctry>
<AdrLine>COL TRANSITO / ALCALDIA CUAUHTEMOC LORENZO BOTURINI GRUPO FINANC.</AdrLine>
<AdrLine>SCOTIABANK INVERLAT 202 MEXICO 06820</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Network
Branches and correspondent banking
All 8 branch BICs connect to the head office. Most were registered in 1993 (3 BICs) and 1994 (2). The bank publishes 14 accounts at other banks, across 3 regions. The Bank of Nova Scotia publishes 1 account held with this bank.
- Own offices
- Correspondent banks: it holds accounts there
- Respondent banks: they hold accounts here
Hover over a branch, account or group to see its details
Correspondent accounts
Researched 29 Sep 2026 · Sources
14 accounts at other banks, in 9 currencies, as the bank publishes them: scotiabank.com.mx ↗ dated Sep 2026
| Currency | Correspondent | BIC | Account | Purpose | Directory check |
|---|---|---|---|---|---|
| USD | JP Morgan Chase Bank United States | CHASUS33 | — | Inbound USD payments (intermediary bank) | Matches the Swift directory |
| USD | Bank of America United States | BOFAUS3N | — | Inbound USD payments (intermediary bank) | Matches the Swift directory |
| USD | Wells Fargo Bank United States | PNBPUS33PHL | — | Inbound USD payments (intermediary bank) | Matches the Swift directory |
| USD | Citibank United States | CITIUS33 | — | Inbound USD payments (intermediary bank) | Matches the Swift directory |
| USD | Standard Chartered United States | SCBLUS33 | — | Inbound USD payments (intermediary bank) | Matches the Swift directory |
| CAD | Bank of Nova Scotia Canada | NOSCCATT | — | Inbound CAD payments (intermediary bank) | Matches the Swift directory |
| EUR | BBVA Banco Bilbao Vizcaya Spain | BBVAESMM | — | Inbound EUR payments (intermediary bank) | Matches the Swift directory |
| EUR | ING Blegium Belgium | BBRUBEBB | — | Inbound EUR payments (intermediary bank) | Matches the Swift directory |
| JPY | MUFG Bank Japan | BOTKJPJT | — | Inbound JPY payments (intermediary bank) | Matches the Swift directory |
| GBP | National Westminster Bank United Kingdom | NWBKGB2L | — | Inbound GBP payments (intermediary bank) | Matches the Swift directory |
| NOK | DNB NOR Bnak Norway | DNBANOKK | — | Inbound NOK payments (intermediary bank) | Matches the Swift directory |
| DKK | Nordea Bank Denmark Denmark | NDEADKKK | — | Inbound DKK payments (intermediary bank) | Matches the Swift directory |
| SEK | Skandinaviska Enskilda Sweden | ESSESESS | — | Inbound SEK payments (intermediary bank) | Matches the Swift directory |
| CHF | UBS AG Switzerland | UBSWCHZH80A | — | Inbound CHF payments (intermediary bank) | Matches the Swift directory |
Table on the international payment-order page listing the correspondent banks remitters should use when the sending bank is not a correspondent of Scotiabank México. It gives currency, bank name, BIC and, for USD, ABA number. No account numbers are published. All 14 rows extracted, with names and BICs as printed (including the printed spellings 'ING Blegium' and 'DNB NOR Bnak'). ABA numbers as published: JP Morgan Chase 021000021, Bank of America 026009593, Wells Fargo 021000248, Citibank 021000089, Standard Chartered 026002561. The page is undated; retrieved 29 September 2026. Each correspondent BIC is checked against the Swift directory: a BIC missing from it, or registered to a differently named bank, may be a typo or out of date. Confirm settlement instructions with the bank before relying on them.
Respondent banks
From the correspondent lists other banks publish
The Bank of Nova Scotia publishes 1 account held with this bank.
| Currency | Respondent bank | Held at | Account | Purpose | Published in |
|---|---|---|---|---|---|
| MXN | The Bank of Nova Scotia Canada | MBCOMXMM | — | FX, money market and commercial payments | scotiabank.com ↗ dated 10 Jul 2007 |
Each row is an account the respondent bank lists as held with this bank, as published. Only banks that publish their correspondent accounts, and that Elucidate has researched, can appear, so the list is not complete. Confirm settlement instructions with either bank before relying on them.
Branch codes
| BIC | Branch | City | Address | LEI | Updated |
|---|---|---|---|---|---|
| MBCOMXMMEQY | EQUITY BROKER DEALER | Mexico | BOULEVARD MANUEL AVILA CAMACHO 1 COL. LOMAS DE CHAPULTEPEC / HIDALGO FLOOR 19 MEXICO 11000 MEXICO MEXICO | — | 2024-07-09 |
| MBCOMXMMFXA | — | Mexico | MEXICO MEXICO MEXICO | — | 2024-07-09 |
| MBCOMXMMGUA | — | Guadalajara | GUADALAJARA GUADALAJARA MEXICO | — | 2024-07-09 |
| MBCOMXMMINV | DEPARTAMENTO DE INVERSION | Mexico | MEXICO MEXICO MEXICO | — | 2024-07-09 |
| MBCOMXMMMTY | — | Monterrey | MONTERREY MONTERREY MEXICO | — | 2024-07-09 |
| MBCOMXMMPUE | — | Puebla | PUEBLA PUEBLA MEXICO | — | 2024-07-09 |
| MBCOMXMMSEC | SECURITIES DEPARTMENT | Mexico | MEXICO MEXICO MEXICO | — | 2024-07-09 |
| MBCOMXMMWAM | WM ASSET MANAGEMENT | Mexico | BOULEVARD MANUEL AVILA CAMACHO 1 COL. LOMAS DE CHAPULTEPEC / HIDALGO FLOOR 19 MEXICO 11000 MEXICO MEXICO | — | 2024-07-09 |
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: scotiabank.com.mx (official website) · original.
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