Prudent Growth

Prudent Growth

Bonds Structured Finance Chile Corporate & Sovereign Strategy

Banco de Chile has taken a lead position by most measurements this year after pushing through an investment plan that has allowed it to expand market share in several important segments. It is now well capitalized for future growth, but is prepared for any possible downturns, says Arturo Tagle, the bank’s general manager. With a $100m investment plan behind it, Banco de Chile has been upgrading technology to improve service and has plans to open 30 new branches this year in addition to the 26 new branches completed in 2010. “This year we hope to grow more than the industry average, which is around 12% in real terms, and expand our presence in the market,” adds Tagle. Accor

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