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Corporate Structure / Subsidiary Companies |
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Socofin S.A.
This company has the mission of being an efficient and quality support in the service of normalization and recovery of loan portfolios of Banco de Chile in order to transform this process into a competitive advantage for the Bank.
Innovative technological projects were developed and introduced during 2004 to maximize efficiency so thateach line of business continues to provide a service according to market demands.
The start-up was also madeof a new judicial recovery system "e-lex", the "Recaudación Plus" project was consolidated and progress was made in different integration processes with the Bank, in accordance with the objectives of the Neos corporate project. Socofin's performance thus generated an important contribution to the Bank of more than Ch$ 12,000 millionin recoveries of loans written off, reducing the charge for risk budgeted for the period by 22% in its Retail Banking, Corporate Banking and CrediChile businesses. |
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