Q3 Payments and Year-to-Date Totals
In the third quarter of 2025, banks operating in the country paid more than 9,551 million pesos to the Institute for Bank Deposit Protection (IPAB) as ordinary quota contributions. This amount was 727 million pesos higher than the approximately 8,824 million pesos paid during the same period in 2024.
Cumulatively, from January to September 2025, banks contributed over 28,543 million pesos to the IPAB, which is 2,682 million pesos more than the over 25,861 million pesos contributed during the same period in the previous year.
BBVA Leads Quota Contributions
According to the information published by the IPAB in the Diario Oficial de la Federación (DOF) on Thursday, BBVA Mexico, the largest bank in the system, paid more than 2,213 million pesos to the IPAB for ordinary quotas in Q3 2025.
Following BBVA Mexico, Banorte contributed over 1,262 million pesos; Santander Mexico contributed nearly 1,230 million pesos; and Banamex contributed 737.6 million pesos.
HSBC Mexico contributed more than 615 million pesos; Scotiabank Mexico contributed over 585.7 million pesos; and Inbursa contributed more than 459 million pesos. These seven banks, known as the “G7 of the Mexican banking system,” contributed over 7,102 million pesos to the IPAB for quotas in Q3 2025, roughly a quarter of the total.
Increasing Contributions Over the Years
According to the IPAB’s Annual Report 2024, quota contributions have been increasing year after year.
In 2019, the total contributed by banks was 24,508 million pesos; in 2020, it was 27,973 million pesos; and in 2021, it was 27,994 million pesos.
The amount continued to rise, reaching 30,165 million pesos in 2022; 32,177 million pesos in 2023; and 35,074 million pesos in 2024.
From 1999 to 2024, based on the institute’s figures, the total amount of quota contributions from banks has reached nearly 388,000 million pesos.
Quota Deductions for Taxes No Longer Allowed
Part of the quotas paid by banks to the IPAB goes to the Fondo de Protección al Ahorro Bancario (FPAB), which protects the population’s savings if a banking entity is liquidated.
A recent example is CIBanco, whose license was recently revoked and is now in the liquidation process due to allegations of money laundering operations by the US Department of the Treasury in June last year, along with Intercam Banco and Vector Casa de Bolsa.
Until this year, banks could deduct a significant portion of the quotas they contributed to the IPAB from taxes. However, starting in 2026, this deduction will no longer be allowed, according to the recent Paquete Económico approval.
Allocation of Quota Contributions
BBVA Mexico’s analysis, included in its latest Banca Situation report, highlights that by law, 75% of the quotas going to the IPAB are allocated to servicing the debt from the 1990s bank bailouts, while the remaining portion supports the current deposit insurance scheme, funding future bank resolutions, and the IPAB’s operational expenses.
“For next year, it has been decided that the portion for the bank bailout (75%) will no longer be deductible,” the document notes.
Key Questions and Answers
- What is the IPAB? The Institute for Bank Deposit Protection (IPAB) is an autonomous body responsible for protecting bank depositors in case of bank liquidation or resolution.
- Who are the G7 banks in Mexico? The G7 banks in Mexico are BBVA Mexico, Banorte, Santander Mexico, Banamex, HSBC Mexico, Scotiabank Mexico, and Inbursa.
- Why are quota contributions increasing? Quota contributions have been rising due to the IPAB’s growing responsibilities and the expanding banking sector.
- What happens to quota deductions from taxes in 2026? Starting in 2026, banks will no longer be able to deduct a significant portion of their IPAB quota contributions from taxes.
