Since its formation in 1893, Banco de Chile (BCH) has come a long way to position itself as one of the leading banks in Chile. The January 2001 merger with another Chilean commercial bank, Banco de A. Edwards, enabled Banco de Chile to establish itself as the second largest private bank in Chile, with an 18% market share and Ch$13,411 billion (US$25 billion) in total assets as of December 31, 2006. This comprehensive financial services provider, which is listed on the New York Stock Exchange (NYSE), the Madrid Stock Exchange, and the London Stock Exchange, primarily focuses on commercial banking.
Besides traditional banking functions, such as checking and savings accounts, commercial and mortgage lending, trade finance, working capital facilities, foreign exchange, and cash management, the bank also offers capital market and other non-credit services. These services include transactions relating to payroll and payment to the bank's individual, corporate, and institutional clients. In addition, Banco de Chile offers services in the international market through offices located in various parts of the globe. Its operations are classified into five broad divisions: retail market (accounting for 57% of 2006 net revenue), wholesale market (23%), subsidiary operations (13%), treasury and money market operations (4%), and international banking (3%). Banco de Chile's non-banking subsidiaries are engaged in securities brokerage, mutual funds, collections, retail sales, factoring, insurance, financial advisory, and securitization. Geographically, net revenue in 2006 divided 97% Chile and 3% other, primarily the United States.(Read more at Wikinvest )