With Chrysler’s Mexican captive as its backbone, Grupo Financiero Inbursa plans to extend its reach in the Mexican auto finance market.

Last month, Inbursa bought Chrysler Financial Services Mexico, which includes $443 million of auto loans and 62,000 customers. The acquisition will also help the financial group gain ground in the insurance sector.

Inbursa, controlled by Mexican billionaire Carlos Slim, also plans to step up its mortgage lender operations as it eyes a bigger stake of the retail banking market.