Summary
Banco de Chile, together with its subsidiaries, provides banking and financial products and services to customers in Chile. It operates through Retail Banking, Wholesale Banking, and Treasury and Money Market segments. The company offers deposit products, such as checking accounts, current accounts, demand deposits and accounts, saving accounts, and time deposits; commercial, mortgage, consumer, working capital, syndicated, and installment loans; and credit cards. It also provides leasing, factoring, and foreign trade services; international and treasury banking services; and financial advisory services. In addition, the company offers liquidity management services, debt instruments, and derivative contracts and leases, as well as financial transaction and currency trading services; and securities brokerage, mutual funds management, wholesale customer, investment banking and management, and insurance brokerage services. As of December 31, 2021, it operated through a network of 272 branches and 1,761 ATMs. The company serves individuals, small and medium-sized companies, corporate clients, and large companies. Banco de Chile was founded in 1893 and is headquartered in Santiago, Chile.
History
Founded on 28 October 1893 by the merger of the Valparaiso Bank , National Bank of Chile and Agriculturist Bank , Banco de Chile has traditionally led the Chilean financial market as one of the largest banks in terms of turnover and deposits.In 2001, the Chile conglomerate Quiñenco group bought 59.3% share of the company through the subsidiary company LQIF and took control of the bank.In 2008, Citigroup agreed with Quiñenco to take a 32.96% stake in LQIF and merged Citigroup Chile operations with Banco de Chile.In April 2010, Citigroup exercised its two outstanding options and increased its share in LQIF to 50%.On December 9, 2004, Banco de Chile became the first Chilean financial institution to operate in the Asian markets, after closing a co-operation agreement with Standard Chartered Bank.
Mission
Banco de Chile is committed to contributing to economic development in Chile and Latin America. We will offer flexible and innovative financial solutions to our customers. We will create value for our shareholders and reward our employees with professional development, recognition and economic rewards for their dedication and hard work.
Vision
We will be a respected and recognized financial institution, providing efficient, sustainable financial services. We will use the utmost professionalism, ethics and expertise in our dealings with our customers, shareholders, suppliers and employees.
Key Team
Mr. Esteban Kemp De La Hoz (Mang. of Operations & Technology Division)
Mr. Hector Hernandez Gonzalez (Gen. Mang. of Accounting)
Mr. Claudia Marcela Herrera García (Mang. of Marketing & Digital Banking Division)
Mr. Pablo Mejia Ricci (Head of Investor Relations)
Mr. Felipe Echaiz Bornemann (Mang. of Global Compliance Division)
Mr. Alfredo Villegas Montes (Gen. Counsel & Sec. of the Board of Directors)
Mr. Cristian Lagos Contardo (Mang. of People & Organisation Division)
Recognition and Awards
Banco de Chile has received numerous awards in recognition of its sound business practice, strategic focus and commitment to social responsibility. These include being named the Best All-Round Bank in Chile, Best Corporate Bank in Chile, Best Retail Bank in Chile, and one of the best banks in Latin America. It is also the most recognized and awarded bank in Chile by LatinFinance magazine.
References
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