About Banco de Chile
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About Us
We are a leading full-service Chilean financial institution that offers a wide variety of products and services to all segments of the Chilean financial market.
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Our Vision
To be the best bank for our customers, the best place to work, and the best investment for our shareholders.
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International Presence
We have a truly international presence through our foreign representative offices, our Citigroup strategic alliance, our network of correspondent banks and our share listing on the NYSE, Madrid and London stock exchanges.
Banco de Chile Viewpoint
Arturo Tagle, CEO:
‘2011 was a spectacular year for us that included challenges, but also significant achievements. In fact, we reached a record net income of Ch$429 billion that enabled us to post a ROAE of 23.7% - the highest within the Chilean industry - in spite of a successful US$445 million capital increase that had an excellent reception from local and foreign investors. This capitalization supported an outstanding 21.0% YoY growth in total loans, equivalent to ~Ch$3,000 billion that allowed us to achieve the market leadership in total loans with a 19.8% market share by gaining 59 bp. market share in 2011. Besides, the equity offering allowed us to increase our free-float from 12% to 15%, which triggered our entry to the MSCI Index. All of these attainments are the consequence of our solid and continuously improving business strategy that includes attractive value offerings, a prudent risk approach, a competitive funding structure and a significant business scale. Thus, we are very proud of our performance in 2011, while we believe we count on a solid basis for taking advantage of future business opportunities’.