Banco de Chile (BCH)

Profile

Exchange: NYSE       Sector: Financial       Industry: Foreign Regional Banks

Banco de Chile is a full-service financial institution, which provides, directly and indirectly through its subsidiaries and affiliates, a range of credit and non-credit products and services to all segments of the Chilean financial market. It delivers its services to its customers through four segments: retail banking segment, wholesale banking segment, treasury and money market operations, and operations through subsidiaries. It provides its retail customers with credit cards, residential mortgage loans, consumer loans and automobile financing loans, as well as traditional deposit services, such as current accounts, savings accounts and time deposits. Its banking services for wholesale customers include commercial loans (including working capital lines and trade finance), foreign exchange, capital markets services, cash management and non-credit services, such as payroll and payment services, as well as a range of treasury, financial advisory and risk management products. As of December 31, 2010, it also offered international banking services through its trade services subsidiary in Hong Kong, its representative offices in Sao Paulo and Beijing, and a global network of correspondent banks. As of December 31, 2010, it had total assets of $39,021 million; total loans of $30,698 million, and total deposits of $25,929 million. Banco de Chile was founded in 1893 and is headquartered in Santiago, Chile.