bancochile.cl

International Clients

Need help?
Visit 24 hrs help for more information on Banco de Chile International Clients.

Home / About Us / History

History

Banco de Chile is closely linked to the history of our country and since its creation in October 1893, has been a key player for progress and economic and social development of Chile. Born from the fusion of Bank of Valparaiso (1855), the National Bank of Chile (1865) and the Agricultural Bank (1868), began operations on January 2, 1894 with two main offices located in Santiago and Valparaiso, a network of 22 offices and foreign agencies in Europe, USA and South America attending international business.

In 1922, when the Bank was fully consolidated in Chile and was the principal and most important commercial bank, the Board boost the construction of its headquarters, located in the Ahumada street #251, in the heart of Santiago, was inaugurated in April 1926, becoming the most imposing building in the capital ,today declared historic preservation property. Its architect was the Viennese nationalized Chilean Alberto Siegel Lubbe who designed it, following a neo-classical style, emphasizing its circular dome, marble stairs and large spaces for the public's attention. The land had belonged to the Archbishopric of Santiago.

Since its founding, Banco de Chile has led the Chilean financial market as one of the largest and most successful banks in terms of return on assets and profitability for its shareholders, showing one of the largest market capitalizations among Chilean companies.

The action of the Banco de Chile is listed on stock exchanges in local trade and also in major world stock markets, The Stock Exchange of New York (NYSE). The Bank has a program of ADS(American Depositary Shares) Level III, subject to the highest standards of oversight and public information provided by the SEC(Securities and Exchange Commission, SEC) of the United States of America. During 2002, the Bank listed its shares on the Madrid Stock Exchange and the London Stock Exchange, with the approval of the National Securities Market Commission (CNMV) and the United Kingdom Listing Authority (UKLA), respectively.

With a strong capital base and a tradition of high prestige and solvency, Banco de Chile serves as a commercial bank that provides a full range of financial products and services to a broad customer base that includes large corporations, small and medium enterprises and the natural person market through a nationwide network of nearly 400 offices, over 2,000 ATMs and other electronic distribution channels. Through its partnership with Citi, offers to its customers a wide coverage in foreign countries, access to a full range of products, both in the instruments of credit and investment, global services transactions and international financial operations.

The operations are organized around six main segments: operations of large corporations, small and medium enterprises, market people, consumer market, international banking and securities market operations. Additionally, the subsidiaries complete the range of financial services with operations of securitization, securities brokerage, investment and mutual funds, insurance, financial advice and factoring, among others.

Banco de Chile stands out as the largest bank in Chile's capital land, second largest financial institution in the country and has representative offices in Beijing and Sao Paulo, providing international services and products appropriate to the needs of their customers.

The Bank's headquarters is in Santiago de Chile and is supervised locally by the Super intendancy of Banks and Financial Institutions of Chile.