Bank of the Year Chile

Bank of the Year Chile

Corporate & Sovereign Strategy Bonds

Despite a conservative approach to lending, Banco de Chile has managed to grow market share in the competitive Chilean banking industry over the past year. It increased total assets by nearly 15% year-on-year, to more than 30.7 trillion pesos ($45 billion) as of August, from 26.8 trillion pesos for the same period in 2014 and beating the average 12.4% asset growth for Chile’s banking system as a whole. The bank has a 26.7% share of system-wide profits, up from 24.7% for the year ending August 2014. The bank is reaping the rewards of a consistent commercial strategy and a conservative approach to credit, Arturo Tagle, the bank’s chief executive, tells LatinFinance. “We may lose some

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