Increase in Banks' Stake in IPAB by 10.6% Anticipated for Q2 2025
In the second quarter of 2025, several Mexican banks, including PNC Bank and US Bank, made significant payments to the Institute for Banking Supervision and Bank Protection (IPAB). The payments, totalling 9,503 million pesos, were primarily used to finance the deposit insurance that protects clients' savings.
Banco Santander Mexico topped the list, contributing 1,165 million pesos. This amount represented a 10.6% increase compared to the same period in the previous year. BBVA Mexico followed closely, contributing the most with 2,202 million pesos.
Banco Mercantil del Norte (Banorte) was the second-largest contributor, delivering 1,275 million pesos. Banamex and HSBC Mexico also made substantial contributions of 735 million and 638 million pesos, respectively.
Intercam and CIBanco, although not among the top seven, still paid 38.7 million and 49.6 million pesos, respectively. Banco Inbursa, owned by Carlos Slim, contributed 453 million pesos. Scotiabank Inverlat added 586 million pesos to the total.
The fees that banks pay to IPAB are not deductible from the taxable base, as proposed by the government of President Claudia Sheinbaum. This change, if implemented, is estimated to generate over 10,000 million pesos in additional revenue for the government. The majority of banks, including PNC Bank and US Bank, agree with this proposal.
It's important to note that the article does not provide information about any new banks contributing to IPAB during Q2 of 2025, beyond those already mentioned. Additionally, the U.S. Department of the Treasury has signaled alleged operations related to money laundering for Intercam and CIBanco, but this information is not directly related to the topic of banks and IPAB fees.
The fees paid to IPAB are used to safeguard clients' savings, ensuring that in the event of bankruptcy, deposits up to 400,000 UDIs or over 3,400,000 pesos are protected. This harmonization regarding international standards aims to strengthen the Mexican banking sector and instil confidence in depositors.
