July 25, 2014 10:52 AM ET


Company Overview of Banco del Estado de Chile

Company Overview

Banco del Estado de Chile provides financial products and services in Chile. It operates in Wholesale Banking, Retail Banking, Treasury and International, and Other segments. The company offers liability management and treasury services, as well as payment products, such as payroll, suppliers, and pensions; and trade finance services. It also provides personal banking products, consumer credit, life and general insurance, mortgages, credit and debit cards, bill payments, student loans, micro finance lending, and mutual funds, as well as commercial lending products. The company operates 345 branches and 2,366 ATMs. It offers its wholesale and retail banking products to large and medium sized ...

Avenida Libertador Bemardo O'Higgins

Santiago,  1111


Founded in 1855


600 200 7000

Key Executives for Banco del Estado de Chile

Chief Executive Officer
Chief Financial Officer
Chief Operation Officer
Director of Safety & Operational Compliance and Compliance Manager
Chief Commercial Manager and Chief Credits Manager
Compensation as of Fiscal Year 2014.

Banco del Estado de Chile Key Developments

Banco Del Estado De Chile Announces Private Placement of $500 Million Senior Unsecured Notes

Banco del Estado de Chile has sold $500 million of senior unsecured notes in the 144a private placement market. The notes carry a coupon of 2% and are priced at 99.65% of the principal amount to yield 2.075%, spread at 137.5 base points. Citigroup, Deutsche Bank, HSBC and J.P. Morgan acted as joint book-running managers for the offering.

Banco del Estado de Chile Reports Unaudited Consolidated Earnings Results for the Nine Months Ended September 30, 2012

Banco del Estado de Chile reported unaudited consolidated earnings results for the nine months ended September 30, 2012. For the period, the company reported interest income of CLP 901,780 million compared to CLP 907,047 million a year ago. Net interest income was CLP 455,347 million compared to CLP 457,565 million a year ago. Total operating income was CLP 661,234 million compared to CLP 633,502 million a year ago. Operating income, net was CLP 514,615 million compared to CLP 470,961 million a year ago. Net operating income was CLP 135,629 million compared to CLP 118,333 million a year ago. Income before income taxes was CLP 136,720 million compared to CLP 119,336 million a year ago. Net income attributable to equity holders of the bank was CLP 64,516 million compared to CLP 59,146 million a year ago. Net cash flows used in operating activities were CLP 1,186,661 million compared to CLP 17,574 million a year ago. Purchase of property, plant and equipment and intangible assets was CLP 39,454 million compared to CLP 25,734 million a year ago.

Banco del Estado de Chile Announces Unaudited Earnings Results for the Second Quarter Ended June 30, 2012

Banco del Estado de Chile announced unaudited earnings results for the second quarter ended June 30, 2012. For the quarter, net interest income was CLP 151,190 million, total operating income was CLP 221,020 million, net operating profit was CLP 187,012 million, income before income taxes was CLP 44,155 million and net income attributable to equity holders of the bank was CLP 22,321 million against net interest income of CLP 167,569 million, total operating income of CLP 221,151 million, net operating profit of CLP 146,416 million, income before income taxes of CLP 41,243 million and net income attributable to equity holders of the bank of CLP 21,415 million for the same period a year ago. Net operating income was CLP 43,827 million against CLP 40,951 million a year ago. ROAE was 16.9% and return on avg. assets was 0.86% against ROAE of 17.6% and return on avg. assets of 0.83% a year ago. Net income rose 7.7% quarter on quarter primarily due to higher net income from financial transactions and a fall in provision expense which was partially offset by a quarterly contraction in net interest income, resulting from lower inflation and minor spreads, and by an increase in operating expenses.

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