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Corporate Structure / Subsidiary Companies |
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Banchile Factoring
S.A. (Factoring)
Banchile Factoring ended 2004 with a 26% market share as a result
of an 80% increase in its stock of loans achieved through growth
in its customer base, an increase in its levels of penetration
and the introduction of new products.
Its strategy of segmentation applied to the portfolio of business
customers of Banco de Chile also meant a 20% real improvement
in net operating income, with net fees of Ch$634 million at
December 2004.
Efficiency and cost controls gave it an important competitive
advantage in pricing while the strict control over risk and
overdue loans together with the emphasis on collections and
follow-up, were essential to the company’s results.
Its achievements in 2004 include the structuring by Banchile
Factoring of the largest transaction in the Chilean factoring
industry, amounting to UF 3,876,706. The company also became
a member of Factor Chain International that regulates
international factoring transactions worldwide. |
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