It was created in 2004 with the Santiago Express division of Banco Santander-Chile. [1] [2] Horst Paulmann, the CEO of Cencosud, sits on the Board of Directors. [3]
The peso is the currency of Chile. The current peso has circulated since 1975, with a previous version circulating between 1817 and 1960. Its symbol is defined as a letter S with either one or two vertical bars superimposed prefixing the amount, $ or ; the single-bar symbol, available in most modern text systems, is almost always used. Both of these symbols are used by many currencies, most notably the United States dollar, and may be ambiguous without clarification, such as CLP$ or US$. The ISO 4217 code for the present peso is CLP. It was divided into 100 centavos until 31 May 1996, when the subdivision was formally eliminated. In February 2023, the exchange rate was around CLP$800 to US$1.
Banco Itaú Unibanco S.A. is a Brazilian financial services company headquartered in São Paulo, Brazil. Itaú Unibanco was formed through the merger of Banco Itaú and Unibanco in 2008. It is the largest banking institution in Brazil, as well as the largest in Latin America, and the seventy-third largest bank in the world. The bank is listed on the B3 in São Paulo and in NYSE in New York.
Banco Santander S.A. doing business as Santander Group, is a Spanish multinational financial services company based in Madrid and Santander in Spain. Additionally, Santander maintains a presence in all global financial centres as the 19th-largest banking institution in the world. Although known for its European banking operations, it has extended operations across North and South America, and more recently in continental Asia. It is considered a systemically important bank by the Financial Stability Board.
Vittorio Corbo Lioi is a former Governor of the Central Bank of Chile, who held the post since May 2003 until December 2007.
Redbanc is an interbank network in Chile connecting the ATMs of all the banks in Chile. ATMs are available all over Chile and Redbanc ATMs work with any Cirrus, MasterCard, or Visa card.
Banco de Chile, is a Chilean bank and financial services company with headquarters in the city of Santiago de Chile. It's a commercial bank that provides a range of financial services to clients. As of December 31, 2012, Banco de Chile has a national network of 434 branches, 1,915 ATMs and other electronic channels of distribution.
Itaú Chile S.A. is a Chilean commercial bank. The bank has 398 bank branches in Chile and Colombia, being 224 in Chile and 174 in Colombia. Itaú Corpbanca is headquartered in Santiago and has offices in Lima, Madrid and New York City.
The Central Bank of Chile is the central bank of Chile. It was established in 1925 and is incorporated into the current Chilean Constitution as an autonomous institution of constitutional rank. Its monetary policy is currently guided by an inflation targeting regime.
Banco de Crédito e Inversiones S.A.(BCI) is a Chilean bank specializing in savings & deposits, securities brokerage, asset management and insurance. BCI was the Latin American partner for Bear Stearns. BCI was formed and is still owned by the Yarur family.
Arab Chileans are Chileans from predominantly Arab ancestry. People from the Arab world arrived in Chile as early as the mid-19th century. Historically, the Arabs of Chile were called Turks, Moors, Syrians, Lebanese, or Palestinians.
Banco Santander-Chile is the largest bank in Chile by loans and deposits. The bank has 504 branches network. It is a subsidiary of the Santander Group. Its main competitors are Banco de Chile, Itaú Corpbanca and BCI.
SM-Chile is a holding company for Banco de Chile. Until 1996, when its Board of Shareholders agreed to become an investment company with exclusive turn, governed by Law No. 19,396, changing its name to Bank of Parent Company Chile SA' Simultaneously, the parent company of Banco de Chile SA created a commercial bank under the name Banco de Chile and was transferred all its assets and liabilities, excluding subordinated obligation call with the Central Bank of Chile, obligation undertaken following the banking crisis of the years 1982 - 1984 and the consequent bailout carried out by the Central Bank. After this transformation, the sole shareholder of Banco de Chile was the parent company of Banco de Chile SA
Banco Ripley is a bank in Chile.
Banco Falabella is a Chilean bank. Founded in 1998, It is headquartered in Las Condes, Chile. It is a subsidiary of S.A.C.I. Falabella and has branches in Chile, Peru, and Colombia.
Banco Itaú Chile was one of the largest Chilean banks and a subsidiary of Brazilian bank Itaú Unibanco, was founded in 2006, as Bank Boston in Chile. Itaú Unibanco boughtin 2006 the Bank Boston's operation and changed its brand to Itaú. In September 2011 Banco Itaú Chile announced the purchase of operations of British bank HSBC in Chile. It has 92 bank branches, 70 ATM's and more than 2.400 employees and about 150.000 customers. In 2014 the bank merged with Corpbanca, forming Itaú Corpbanca.
The Crisis of 1982 was a major economic crisis suffered in Chile during the military government of Chile (1973–1990). Chile's GDP fell 14.3%, and unemployment rose to 23.7%.
Banco del Estado de Chile, commercially operating under the brand BancoEstado, is the only Public Bank in Chile and was created by government decree in 1953. It provides financial services to consumers and companies, with a focus on national coverage in terms of geography and social sectors and a particular emphasis on the unbanked and small and medium enterprises, although it serves all types of businesses. It is the country's largest mortgage lender and largest issuer of debit cards. In addition, BancoEstado performs part of the Chilean government's financial activities through the accounts managed by the General Treasury of the Republic of Chile.
Banco Bilbao Vizcaya Argentaria, S.A., better known by its initialism BBVA, is a Spanish multinational financial services company based in Madrid and Bilbao, Spain. It is one of the largest financial institutions in the world, and is present mainly in Spain, Portugal, Mexico, South America, Turkey, Italy and Romania.
Mario Marcel Cullell is a Chilean economist who has been serving as Chile Minister of Finance since 11 March 2022. He previously served as Governor of the Central Bank of Chile. He was named Governor in December 2016 and member of the Bank's Board from October 2015. He has been a close collaborator to the governments of the centre-left Coalition of Parties for Democracy (1990–2010), and for six years held the position of Budget Director, where he played a key role in the design of the structural surplus rule.
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