CHICAGO--Joining the list of Mexican banks looking to expand their franchises north of the border, Banco del Centro SA plans to enter the American market next year, according to a bank official.

Luis F. Cervantes, the Mexico City-based bank's executive vice president, said its parent, Multivalores Financial Group, would open a brokerage firm in New York in 1993, and the bank is weighing whether to expand further in the United States.

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