Banco de Chile (Bank of Chile), is a Chilean bank and financial services company with headquarters in Santiago.
It is a commercial bank that provides a complete range of financial services to a client base, which includes large corporations, SMEs and private clients. As of December 31, 2012, Banco de Chile has a national network of 434 branches, 1,915 ATMs and other electronic channels of distribution.
According to 2018 year end figures, it is the second biggest banking group in Chile by total assets, behind Banco Santander-Chile and ahead of BBVA Chile and has a market share of 19% in terms of loans. It is the biggest bank in the country by total earnings (US$978 million). Since 2008, it has been jointly controlled by the Chilean conglomerate Quiñenco group and US bank Citigroup.
Operations are organized around six main commercial divisions: large corporations, SMEs, private clients, consumer finance, international banking and capital markets. Additionally, subsidiaries offer securitization, securities brokerage, mutual investment and bottomry, insurance and factoring, among others. Outside Chile, the bank has had a branch in New York City for more than 20 years and has branches in Miami, São Paulo, Buenos Aires, Mexico City and Hong Kong providing international services.
Traded as: BCS: CHILE; NYSE: BCH; BMAD: XBCH
Industry: Banking
Founded: 1893
Headquarters: Santiago, Chile
Owner: Quiñenco (29%); Citigroup (29%)
Subsidiaries: SM-Chile