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Trading

List of Banks in Chile

Published by Gbaf News

Posted on June 13, 2012

2 min read

· Last updated: December 7, 2018

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Central bank
Central Bank of Chile

Government-owned banks
BancoEstado
Commercial banks
ABN AMRO Bank Chile
Banco Bice
Banco Bilbao Vizcaya Argentaria (BBV)
Banco de Chile
Banco de Crédito e Inversiones
Banco del Desarrollo
Banco Edwards-Citi
Banco Falabella
Banco Internacional
Banco Itaú-Chile
Banco Paris
Banco Penta
Banco Ripley
Banco Santander Chile
Banco Security
Corpbanca
Deutsche Bank Chile
HSBC Bank Chile
Rabobank
Scotiabank Sud Americano
Foreign banks with repesentation
Banco de la Nación Argentina
Banco do Brasil
JP Morgan Chase Bank
The Bank of Tokyo-Mitsubishi UFJ
Merged or defunct banks
BankBoston (Chilean operation merged with Banco Itaú)
Citibank-Chile (Chilean operation merged with Banco de Chile)
Banco de A. Edwards (merged with Banco de Chile)
Banco de Santiago (merged with Banco Santander)
Banco Sud Americano (merged with Scotiabank-Chile)

Central bank
Central Bank of Chile

Government-owned banks
BancoEstado
Commercial banks
ABN AMRO Bank Chile
Banco Bice
Banco Bilbao Vizcaya Argentaria (BBV)
Banco de Chile
Banco de Crédito e Inversiones
Banco del Desarrollo
Banco Edwards-Citi
Banco Falabella
Banco Internacional
Banco Itaú-Chile
Banco Paris
Banco Penta
Banco Ripley
Banco Santander Chile
Banco Security
Corpbanca
Deutsche Bank Chile
HSBC Bank Chile
Rabobank
Scotiabank Sud Americano
Foreign banks with repesentation
Banco de la Nación Argentina
Banco do Brasil
JP Morgan Chase Bank
The Bank of Tokyo-Mitsubishi UFJ
Merged or defunct banks
BankBoston (Chilean operation merged with Banco Itaú)
Citibank-Chile (Chilean operation merged with Banco de Chile)
Banco de A. Edwards (merged with Banco de Chile)
Banco de Santiago (merged with Banco Santander)
Banco Sud Americano (merged with Scotiabank-Chile)

Key Takeaways

  • Chile’s central bank is the Banco Central de Chile, responsible for monetary policy and currency stability.
  • BancoEstado is the only government-owned commercial bank, serving all regions with broad deposit and mortgage services.
  • Major commercial banks include Banco de Chile, BCI, Banco Santander Chile, Itaú Corpbanca, Scotiabank Chile, Banco Falabella, Banco Ripley, Banco Internacional, Banco Bice, Banco Security, BBVA Chile and HSBC Chile.
  • Foreign banks with local representation include Banco de la Nación Argentina, Banco do Brasil, JP Morgan Chase, MUFG (Bank of Tokyo‑Mitsubishi), Bank of China, China Construction Bank, Rabobank.
  • Several banks have merged or been absorbed: BankBoston Chile (became Itaú), Citibank‑Chile (merged into Banco de Chile), Banco de A. Edwards, Banco de Santiago, Banco Sud Americano (merged into larger groups).

References

Frequently Asked Questions

What is the central bank of Chile?
The central bank is the Banco Central de Chile, responsible for monetary policy and currency stability.
Which is the only government‑owned commercial bank in Chile?
BancoEstado is the sole state‑owned commercial bank, with wide national reach and services.
Which are the main commercial banks in Chile?
Key commercial banks include Banco de Chile, BCI, Santander Chile, Itaú Corpbanca, Scotiabank Chile, Banco Falabella, Banco Ripley, Banco Internacional, Banco Bice, Banco Security, BBVA Chile and HSBC Chile.
Do foreign banks operate in Chile?
Yes — foreign banks with branches include Banco de la Nación Argentina, Banco do Brasil, JP Morgan Chase, MUFG, Bank of China, China Construction Bank and Rabobank.
Which banks no longer operate independently in Chile?
Defunct or merged banks include BankBoston Chile (became Itaú), Citibank‑Chile (merged into Banco de Chile), Banco de A. Edwards, Banco de Santiago and Banco Sud Americano.

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