Mexican Banks Increase IPAB Contributions to MX$28.5 Billion

Commercial banks operating in Mexico contributed more than MX$28.543 billion to the Institute for the Protection of Bank Savings (IPAB) between January and September 2025, an increase of MX$2.68 billion compared with the same period in 2024.

According to data published Thursday in the Official Gazette of the Federation (DOF), third-quarter contributions alone totaled MX$9.55 billion, up from MX$8.824 billion in the third quarter of the previous year.

Most funding for the deposit insurance system is provided by the country’s seven largest banks, commonly referred to as the G7. In the third quarter of 2025, these institutions contributed more than MX$7.1 billion, accounting for roughly 75% of total quarterly contributions.

BBVA México, the largest bank in the system, remained the top contributor, followed by Banorte and Santander. Third-quarter contributions by the leading banks were as follows:

• BBVA México: MX$2.213 billion

• Banorte: MX$1.262 billion

• Santander México: MX$1.230 billion

• Banamex: MX$737.6 million

• HSBC México: MX$615 million

• Scotiabank México: MX$585.7 million

• Inbursa: MX$459 million

Total bank contributions have increased steadily in recent years. While the sector contributed MX$24.5 billion in 2019, the figure reached MX$35 billion by the end of 2024. Since 1999, cumulative contributions by the banking industry to IPAB have totaled nearly MX$388 billion.

A portion of these ordinary fees is allocated to the Bank Savings Protection Fund (FPAB), which guarantees small-scale deposits in the event of a bank liquidation. A recent example is CIBanco, which is currently undergoing liquidation following the revocation of its banking license.

According to an analysis by BBVA México, 75% of IPAB fees are, by law, used to service the debt generated by Mexico’s bank rescue of the 1990s. The remaining 25% is earmarked for funding the current deposit insurance scheme, future bank resolutions and the agency’s operating expenses.

The fiscal treatment of these contributions will change starting next year. Under the recently approved Economic Package for 2026, the 75% portion of IPAB fees allocated to bank rescue debt will no longer be tax-deductible. The measure is expected to increase the tax burden on the banking sector while preserving the funding levels required for the deposit insurance system.