Under the terms of the Law of Banking Savings Protection (Spanish acronym LPAB), for the benefit of persons who make bank deposits of money or grant loans or credit to full service banks, IPAB administers a bank savings protection system that guarantees payment of such guaranteed obligations, for an amount of up to 400 thousand investment units (Spanish acronym UDIs) per natural or legal person, regardless of the number and type of such obligations payable to them by a given bank.

IPAB plays a fundamental part in implementing the bank resolution methods established in the LPAB and in the Law of Credit Institutions (Spanish acronym LIC) as timely and effective mechanisms for financial strengthening and liquidation of full service banks with financial problems that can affect their solvency, in order to provide maximum protection for the interests of the saving public and minimize the negative impact on other institutions in the banking system.

IPAB has the authority to take charge of the sale and administration of assets associated with bank resolution programs and those associated with debt management, such as: portfolio, moveable and real assets, and stocks, for which it administers and sells them, seeking to obtain the highest possible recovery value, negotiating the best possible terms of sale.

Finally, in its financial management and administration functions, IPAB administers a debt made up of its Financial Strengthening and Refinancing Programs. To engage in refinancing operations, IPAB issues debt on the market through Savings Protection Bonds and has the authority to contract credit with financial institutions.