10  BIS Review 168/2009  Table 2 Market shares of foreign banks in Italy (annual averages with reference to bank branches and subsidiaries) 1984  1990  1995  2000  2005  2008  2009 (1)  Total branches and subsidiaries Total assets  4.2  2.6  5.2  7.1  7.9  16.4  16.2  Interbank assets  9.8  6.0  15.7  12.9  13.3  20.6  17.1  Loans  5.2  3.0  2.7  5.8  9.0  16.2  15.8  mortgage loans  0.7  0.2  0.3  5.7  5.8  12.5  15.2  personal loans  11.5  7.7  6.2  14.2  27.7  35.4  27.5  Securities  1.6  1.5  6.3  10.1  9.9  17.6  12.0  Deposits  1.0  0.9  2.0  2.9  4.7  11.2  9.3  Interbank liabilities  13.7  9.7  16.3  19.3  24.0  32.7  27.6  Off-balance-sheet items Commitments and contingent liabilities  8.6  6.1  5.4  10.6  11.3  13.5  12.3  29.5 1.9  24.4 2.2  42.6 5.6  16.8 9.0  6.9 10.7  27.3 28.7  11.9 33.3  Securities held for custody  of which: branches Total assets  3.3  1.8  4.1  4.8  5.4  9.4  8.9  Interbank assets  8.6  5.0  14.2  9.9  10.3  12.5  10.7  Loans  4.0  1.9  2.0  3.0  6.3  7.7  7.2  mortgage loans  0.2  0.1  0.2  0.7  2.6  3.6  4.6  personal loans  0.1  0.0  0.2  3.0  9.0  3.5  5.6  Securities  1.2  1.3  5.2  7.9  4.3  7.6  5.9  Deposits  0.2  0.2  0.8  1.4  3.2  3.0  2.2  Interbank liabilities  12.5  8.7  15.0  15.0  20.3  22.1  19.3  Off-balance-sheet items Commitments and contingent liabilities  6.9  4.9  4.4  6.2  5.2  5.5  5.1  28.6 1.3  23.0 1.5  40.9 4.5  15.3 7.2  4.6 8.5  20.0 14.5  7.8 10.8  Securities held for custody  Source: Supervisory reports.
The Chinese banks, insurance and securities companies had 687 overseas establishments actively developing businesses abroad. We will continue to grant licenses for foreign banks and insurance companies and authorise more foreign banks to do local currency business on a trial basis. However, we would be more cautious in this regard.