Banco Santander Chile (SSE: BSANTANDER, NYSE: SAN) is the largest bank in Chile by total assets and shareholders’ equity. It operates as a subsidiary of Spanish financial services giant Santander Group. Its main competitors are Banco de Chile, Corpbanca and BCI. With about 11,478 employees, BSCh provides a wide range of financial products and services to more than 2.4 million retail and corporate customers. It offers current, savings and checking accounts, personal and auto loans, mortgage loans, commercial loans, debit and credit cards, life, travel and car insurance, investments, mutual funds, cash management, treasury services, leasing, factoring, securitization services, online banking and much more. Banco Santander Chile has the largest private branch network in Chile with 474 branches, 280 of which are operated under the Santander brand name, 76 under Banefe brand name and 40 under the SuperCaja brand name. Banco Santander Chile was established in 1977 and is headquartered in Santiago. The legal predecessor of Santander Chile was Banco Santiago which was incorporated on September 7, 1977. In 1997, Banco Santiago merged with Banco O’Higgins. In 1999, Santiago became a controlled subsidiary of Santander Spain. As of December 2014, Santander Chile had total assets of Ch$ 30.534 trillion (US$50.43 billion), total loans of Ch$ 22.881 trillion (US$37.79 billion), total deposits of Ch$ 16.894 trillion (US$27.9 billion) and shareholders’ equity of Ch$ 2.643 trillion (US$4.4 billion).