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Banco de Chile S.A.

Company Detail

Description

Chile's second largest bank Banco de Chile S.A. is a full service financial institution offering retail banking, wholesale banking, and treasury and money market services in Chile and the US. Its personal banking products include deposit services such as checking and savings accounts and time deposits, as well as loans (consumer, auto and mortgage) and money market accounts. The bank also offers lines of credit, credit card products and online banking services. It provides a wide range of treasury, risk management, and financial management products, including checking accounts, foreign currency accounts, and money market accounts, to corporate customers. In addition, the company provides foreign trade services and treasury banking services. Its subsidiaries offer additional services such as securities and insurance brokerage, mutual fund management, financial advisory, and factoring. Banco de Chile has a representative office in China; a network of more than 1,000 correspondent banks; and a strategic alliance with Citigroup. Banco de Chile's shares are listed on the NYSE, Madrid and London stock exchanges. The bank is controlled by Quiñenco group through LQ Inversiones Financieras S.A.

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