Banco del Estado de Chile

Banco del Estado de Chile, also known as BancoEstado is a government-owned financial institution and was created in 1953 as the only Public Bank in Chile. This bank is the second-largest Chilean bank by total assets and one of the highest-rated banks in Latin America. It is also the largest issuer of debit cards in Chile and the second-largest mortgage lender in the country, with a market share of over 18%. Furthermore, through the accounts maintained by the General Treasury of the Republic of Chile, BancoEstado performs part of the Chilean government's financial activities. The bank has over 500 branches and 2,360 ATMs, complemented by private ATMs (Redbanc), 120 Express offices (former ServiEstado), and 35,900 CajaVecina point-of-sale units.

BancoEstado provides retail, corporate, investment, and private banking services to over 15 million clients in the region. The bank's offerings include savings and current accounts; consumer, student, and microfinance loans; mortgages, credit cards, insurance, assets and wealth management, treasury, brokerage and payment services, mobile and online solutions, and more.

According to Global Finance in 2012, Banco del Estado de Chile is The safest bank in Latin America. In 2015 it was ranked as the 48th-safest bank in the world (6th-safest in the Southern Hemisphere) in Global Finance's World's Safest Banks 2015 Issue. Banco De Chile's total assets for 2022 were US$ 60.62 billion.

Founded: 1953
Headquarters: Santiago, Chile

Website: https://www.bancoestado.cl/