BBVA Chile, the Chilean subsidiary of Spanish financial group BBVA, is the country's fifth largest bank in terms of assets, according to the latest figures from local banking regulator SBIF. In addition to residential mortgages, personal loans, and credit cards, the retail and commercial bank offers commercial loans, working capital lines of credit, trade financing, and assistance with foreign trade operations to its corporate customers. Subsidiaries provide securities brokerage (BBVA Corredores de Bolsa), insurance brokerage (BBVA Corredora Técnica de Seguros), property leasing (BBVA Sociedad de Leasing Inmobiliario), asset management (BBVA Administradora General de Fondos), factoring (BBVA Factoring), and financial advisory services (BBVA Asesorías Financieras). The Spanish group also owns the country's largest private pension fund manager AFP Provida, auto financing company Forum Servicios Financieros, and life insurer BBVA Seguros de Vida.
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