Banks in Chile

Banco Central de Chile (BCCh), established in August 1925 by Decree Law 486, is the central bank of Chile. BCCh's objective is to ensure stability of both the currency and the normal operations of domestic and foreign payments.

Banco de Chile – The second largest bank in Chile by loans, with a market share of about 16% at the end of 2025, the industry leader in net income, and the largest private bank in demand deposits. As of December 31, 2025, it had a market capitalization of approximately US$19.5 billion, 11,156 employees, 217 branches and 1,884 ATMs.

BancoEstado – The state-owned bank of Chile and the third largest in the country by loans, with a market share of 15.9% at the end of 2025, and the largest by deposits with a 19.8% share.

Banco Santander Chile – The largest bank in Chile by loans, with a 16.7% market share at the end of 2025, and the second largest by deposits behind BancoEstado. As of December 31, 2025, it operated 229 branches and 2,055 ATMs, employed 8,526 people and had 4.6 million clients registered for at least one product.

BBVA Chile was the Chilean subsidiary of Spanish financial group BBVA. BBVA sold its 68.19% stake to The Bank of Nova Scotia for approximately US$2.2 billion in cash, completing the sale on July 6, 2018, and BBVA Chile was merged into Scotiabank Chile on September 1, 2018.

Banco de Crédito e Inversiones (Bci) – The third largest private bank in terms of loans and the fourth largest bank by number of customers, with one of the largest national distribution channels.

Banco BTG Pactual Chile – A subsidiary of Brazilian Banco BTG Pactual S.A. As of March 2017, it had total assets of CLP 219.2 billion.

Banco de la Nación Argentina (Chile) – A subsidiary of Banco de la Nacion Argentina S.A.

Banco do Brasil (Chile) – A subsidiary of Banco do Brasil S.A.

Banco Ripley – Chilean retail bank established in 2002. It mainly provides loans to middle-income people in Chile. It also offers credit cards, deposits, insurance and telephone banking services. Banco Ripley operates as a subsidiary of Ripley S.A., one of the largest retailers in Chile and Peru.

MUFG (Chile) – The Chilean presence of the Japanese MUFG Bank, Ltd., part of Mitsubishi UFJ Financial Group. The bank was known as The Bank of Tokyo-Mitsubishi UFJ until it was renamed on April 1, 2018.

China Construction Bank, Agencia En Chile offers commercial banking services in Chile. As of June 30, 2017, it had assets of over CLP 260 billion.

Deutsche Bank (Chile) provides commercial banking products and services.

JPMorgan Chase Bank N.A. (Chile) – A subsidiary of US-based JPMorgan Chase Bank. It offers investment banking, private banking and treasury services.

Banco Itau Chile – One of the largest private banks in Chile, ranked sixth by loans with a market share of about 9% at the end of 2025. It was created on April 1, 2016, when Banco Itau Chile merged into Corpbanca, traded as Itau Corpbanca, and took the name Banco Itau Chile on March 28, 2023.

HSBC Bank (Chile) has been present in the country since 1981. It focuses on corporate banking and global treasury. As of March 2017, it had total assets of over US$2 billion.

PreviRed – A private company owned by the Chilean pension funds. It supports the payment of social security contributions through the Internet.

Scotiabank Chile – The fifth largest bank in Chile, with a 13.2% share of system loans at the end of 2025. It reached its present size after its Canadian parent, The Bank of Nova Scotia, acquired BBVA Chile in July 2018 and merged it into Scotiabank Chile on September 1, 2018.

Banco BICE – The seventh largest bank in Chile, with about 6.6% of system loans at the end of 2025. It absorbed the operations of Banco Security after the merger of the parent groups Bicecorp and Grupo Security was completed on September 1, 2025.

Tanner Digital Bank – A bank serving small and medium-sized enterprises that began operations in Chile in 2025.

Tenpo – A digital consumer bank authorized in Chile and expected to begin operating in 2026.

ABN AMRO Bank (Chile) was a subsidiary of Netherlands-based ABN AMRO Group.

Banco Paris was a banking unit of the Cencosud Holding. It was liquidated in 2016.

Banco Penta was a bank specialized in investments and savings. It was dissolved in February 2017.

See also: SWIFT Codes for Chilean Banks

Top Banks in Chile

Below are the largest banks in Chile in terms of total assets as of March 31, 2017. The table is kept as a historical snapshot: several of the banks listed have since merged or changed their names.