Scotiabank Chile

Scotiabank Chile (formerly Scotiabank Sud Americano) provides a full range of banking services with focus on the commercial and corporate sectors and international trade. It offers deposit products, consumer and business loans, mortgages, credit cards, insurance, foreign exchange, mutual funds, factoring, leasing, cash management, wealth management, financial advisory services, internet banking and more. As at September 2017, shortly before its merger with BBVA Chile, it had about 3,700 employees and 89 branches; BBVA Chile added a further 4,000 employees and 127 branches. About half of the branches are located in and around Santiago. In 2010, Scotiabank Chile acquired the Royal Bank of Scotland’s wholesale banking operations in Chile. In 2015, it acquired 51% of Cencosud Administradora de Tarjetas S.A. (credit card issuer). On September 1, 2018, BBVA Chile was merged into Scotiabank Chile, roughly doubling its share of the Chilean loan market to about 14%. As of December 31, 2025, Scotiabank Chile was the fifth largest bank in Chile by loans, with loans of CLP 32.533 trillion (13.2% of the market), deposits of CLP 18.471 trillion (10.3%) and total equity of CLP 4.029 trillion. Scotiabank Chile operates as subsidiary of Nova Scotia Inversiones Limitada, a subsidiary of Canada’s The Bank of Nova Scotia, which progressively acquired the Said family’s minority interest and held 99.79% of Scotiabank Chile as of October 31, 2025.

Scotiabank Chile Subsidiaries:

Scotia Corredora de Bolsa Chile S.A.
Scotia Corredora de Seguros Limitada
Scotia Sud Americano Asesorías Financieras Limitada
Scotia Administradora General de Fondos Chile S.A.
Centro de Recuperación y Cobranza Limitada
Bandesarrollo Sociedad de Leasing Inmobiliario S.A.

Head office address:
Morande 226
Casilla 90D
Santiago, Chile
Phone: +56 2692 6000
Fax: +56 2 692 6065
Website: www.scotiabank.cl