The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.


Bahamas I Bardados I Bermuda I Dominician Republic I Jamaica I Trinidad & Tobago I Costa Rica I El Salvador I Guatemala I Honduras I Nicaragua I Panama I Argentina I Bolivia I Brazil I Chile I Colombia I Ecuador I Mexico I Paraguay I Peru I Uruguay I Venezuela

BEST BANK: Banco de Chile
BEST DEBT HOUSE: Celfin Capital

Challenging the dominant position of Spain’s Santander in Chile, the second-largest bank, Banco de Chile, reported record profits of $332 million last year, 14% up on its performance in 2004, by targeting the lower income retail market and aggressively expanding its loan business. The bank aims to spend up to $40 million this year to open 40 new branches and aims to beat the 10% projected loan growth for the Chilean market as a whole in 2006. Banco de Chile, which has an 18% market share, is also trying to draw in the one million bankable Chileans who do not use the financial sector. The bank is rapidly increasing its network of CrediChile branches, which target middle- and low-income earners and small businesses.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree