Banco de Chile BancoEstado BBVA Chile Banco de Credito e Inversiones Corpbanca Santander Chile
Banco de Chile BancoEstado BBVA Chile BCI Corpbanca Santander Chile

ABN AMRO Bank (Chile) – ABN AMRO commenced operations in Chile in 1990 under the name ABN Tanner Bank. In 2007, ABN AMRO sold its operations in Chile.

Banco Central de Chile (BCCh), established in August 1925 by Decree Law 486, is the central bank of Chile. It is an autonomous organization of a technical nature, with full legal capacity. BCCh's objective is to ensure stability of both the currency and the normal operations of domestic and foreign payments.

Banco de Chile – The largest Chilean bank in terms of current accounts and shareholders' equity and the third largest bank in terms of total assets. As of March 15, 2017, it had a market capitalization of US$12 billion.

BancoEstado – The second largest bank in the country with assets of over US$50 billion. It is the only government-owned bank in Chile. BancoEstado is the highest rated bank in Latin America and one of the highest rated banks globally.

Banco Paris – A banking unit of the Cencosud Holding, the largest retailer in Chile and one of the largest retailers in Latin America with operations in Argentina, Brazil, Peru and Colombia.

Banco Penta – Chile’s first and only bank specialized in investments and savings. The company was established in 2004 and employs over 300 people.

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.

BBVA Chile – A part of Spanish financial group BBVA and one of the ten largest banks in Chile with total assets of more than US$19.5 billion.

BCI (Banco de Crédito e Inversiones) – 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.

Itau Corpbanca – One of the largest private banks in Chile. It provides a broad array of financial services to personal and business customers through over 120 branches and 417 ATMs nationwide.

HSBC Bank (Chile) has been present in the country since 1981. It focuses on corporate banking and global treasury. As of March 2016, it had total assets of $2.6 billion.

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

Santander Chile – The largest bank in Chile by total assets and equity. It operates over 470 branches in every major region of Chile. The company employs about 11,800 people and serves more than 2.4 million customers.

Scotiabank Chile (formerly Scotiabank Sud Americano) – The seventh largest bank in the country. It offers a broad range of corporate, commercial and retail banking services through a nationwide network of over 130 branches.

 See also: SWIFT Codes for Chilean Banks

Top Banks in Chile

Rank Bank Total assets, CLP bn (06/2016) Total assets, US$bn (06/2016)
1 Banco Santander Chile 36,123.8 55.425
2 BancoEstado 32,667.1 50.120
3 Banco de Chile 31,007.0 47.576
4 Itau CorpBanca 30,712.9 47.123
5 Banco de Credito e Inversiones (BCI) 29,716.2 45.594
6 BBVA Chile 13,404.4 20.566
7 Scotiabank Chile 11,357.0 17.425
8 Banco Security 5,625.4 8.631
9 Banco BICE 5,500.8 8.440
10 Banco Consorcio 2,901.8 4.452
11 Banco Falabella 2.219.3 3.405
12 HSBC Bank (Chile) 1,365.1 2.095
13 Banco Internacional 1,320.2 2.026
14 Rabobank Chile 1,082.3 1.661
15 Banco Ripley 872.212 1.338
16 Banco Penta 234.229 0.359
17 Deutsche Bank Chile 70.549 0.108