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The total assets of Mexican financial groups reached 5.75tn pesos (US$415bn) at the end of September, an 11.2% increase on the same time in 2010, according to a report from banking and securities regulator CNBV.
But net income for the sector in January-September decreased 10.7% to 60.2bn pesos, compared to the same period in 2010.
The decrease was largely driven by higher administration costs, according to the report.
The financial groups saw their interest income increase 6.9% to 281bn pesos compared to January-September 2010, while expenditure on interest increased 7.4% to 105bn pesos in the same period, CNBV said.