Banco de Chile

Banco de Chile

Banco de Chile (Bank of Chile) (NYSE: BCH), founded in October 1893, is the largest bank in Chile in terms of current accounts and assets under management and the second largest bank in terms of total loans and total assets. It serves over 2.6 million customers through approximately 430 full service branches and more than 2,500 ATMs nationwide. Some of its branches are located in New York and Miami and the representative offices can be found in Buenos Aires, Mexico City, Beijing and Sao Paulo, and a foreign trade office in Hong Kong. The Bank is principally engaged in commercial banking in Chile, providing general banking services to a diverse customer base that includes large corporations, small and mid-sized businesses and individuals. The company offers checking and savings accounts, credit cards, consumer and mortgage loans, commercial loans, investments, international and treasury banking services, payment services, foreign trade, investments, factoring, leasing, financing of importers, financing for exporters, total business insurance, theft and content insurance, online banking and more. In 2002, Banco de Chile merged with Banco de A. Edwards - respectively the second and fourth largest private banks by loans and, the third and fifth in terms of equity. In January 2008, Banco de Chile took over the assets and liabilities of Citibank Chile, the Chilean subsidiary of Citigroup, USA. At the date of the merger, Banco de Chile had a market share of 18.0% and Citibank Chile - 2.1%. Banco de Chile’s shares are listed on the Santiago Stock Exchange, the Chilean Electronic Exchange, the Valparaiso Stock Exchange and Madrid Stock Exchange. Since 2002, under an American Depositary Shares (ADS) program, the Bank’s shares have been traded on the NYSE and since 2003, the same ADS program is traded on the London Stock Exchange (LSE). As of March 31, 2016, Banco de Chile had Ch$ 31.106 trillion (US$46.7 billion) in total assets.

Credit ratings: Aa3 (Moody's), A+ (Standard and Poor's).

 Key Statistics:

Total assets Ch$ 31.293 trillion (2015)
Revenue Ch$ 1.646 trillion (2015)
Net income Ch$ 558.997 billion (2015)
Market cap Ch$ 6.9 trillion (May 5, 2016)
Company Size 14,800 employees

Banco de Chile subsidiaries:

Banchile Corredores de Bolsa S.A., Banchile Administradora General de Fondos S.A., Banchile Corredores de Seguros Ltda., Banchile Asesoría Financiera S.A., Banchile Securitizadora S.A., Promarket S.A., Socofin S.A., Banco Edwards, Banco CrediChile.

Head office address:
Paseo Ahumada 251
Santiago, Chile
Phone number: +56 2 637 1111

New York branch:
535 Madison Avenue 9TH FL
New York, NY 10022, USA

Miami branch:
200 S Biscayne Blvd Ste 2700
Miami, FL 33131, USA

Representative Office in Mexico:
Andrés Bello 10
11560 Mexico City (Distrito Federal)

Representative Office in Brazil:
Avenida Paulista 1912
01310-200 Sao Paulo

Rep. Office in Beijing:
606 West Tower, Twin Tower, B-12
Jianguomenwai Avenue
Chaoyang District, Beijing