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Corporate Structure / Subsidiary Companies |
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Banchile Corredores de Seguros Ltda. (Insurance Brokerage)
Banchile Corredora de Seguros obtained excellent results in 2004, achieving sustainable and profitable growth while it continues to develop new products, exploiting non-traditional distribution channels and also showing indicators of excellence in service quality, working climate and team working.
The company's gross revenues grew by a real 10.8% over 2003 to Ch$3,351 million, while net income reached Ch$ 671 million at December 2004.
This subsidiary coordinates and develops its businesses with all the Bank's commercial areas. 4,200 executives in all the Bank's distribution channels are constantly being
trained in channeling insurance business through Banchile Corredora de Seguros.
The products launched this year include the "Bank Protection Insurance" which became a sales success.
During the year, there are already more than 40,000 such policies in effect. Managed by a team of top-level professionals, the Annuities Project has already begun to yield fruit in following its challenge of becoming one of the leading players in pensions advice in Chile.
On the other hand, strong progress was made this year in the development of the first banking and insurance integration project based on internet technology, which implies substantially improving the speed and security of information for the benefit of our clients. |
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