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Best bank: Banco Santander Best debt house: BBVA Best M&A house: JPMorgan |
Despite Banco de Chile’s best efforts, Banco Santander retains the title of best bank in Chile for another year. For 2007, the bank registered a record profit of $624 million, up 8.1% from the previous year – and faster than the 8% growth for the Chilean financial system.
As the biggest bank in Chile, with the biggest branch network, Banco Santander continued to work hard to hold on to this claim and opened another 97 branches to bring the total to 467 in 2007. Core revenues at the bank increased 24.2% compared with the 17.7% growth in the financial system and it recorded a 26.1%