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But a combination of market reforms, lower inflation and heightened competition from foreign-owned banks is inducing many domestic banks to broaden their customer base. Thrift institutions 50 38 Foreign nonbank institutions 25 32 Other nonbank institutions 633 743 Foreign-owned bank holding companies (13) Number 21 23 Total assets 636,669 764,411 Employees of reporting bank holding companies (full-time equivalent) 1,859,930 1,985,981 Assets of fifty large bank holding companies (9, 17) Fixed panel (from table 2) 5,509,329 5,883,032 Fifty large as of reporting date 5,319,129 5,732,621 Percent of all reporting bank holding companies 78. Another problem associated with foreign ownership is that foreign-owned banks base their decisions on principles and guidelines that are not necessarily compatible with those required by Mexican regulators. |
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