Banco de Chile Company Description
Banco de Chile proffers a place for pesos. Chile's second-largest bank after Banco Santander Chile, it has some 300 branches and 1,400 ATMs in its home country as well as operations in Argentina, Brazil, China, Mexico, and the US. In addition to corporate and retail banking, the company offers (through subsidiaries) mutual funds, brokerage, insurance, financial planning, factoring, and other services. The Luksic family, through such entities as Quiñenco and Sociedad Matriz Banco de Chile, controls two-thirds of the bank. In 2008 Citigroup acquired a 10% stake in the bank from Quiñenco and merged its Chilean operations into Banco de Chile.
View the Comprehensive Company Description for Banco de Chile
The Company Description provides a historical perspective of Banco de Chile's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Banco de Chile's evolution in the marketplace.
