Banco de Chile

Description

Banchile Administradora General de Fondos Banchile Administradora General de Fondos has been in this business since 1981 and currently manages the largest number of mutual funds in the market. Its experience has given it a leadership position in asset management for companies and individuals throughout Chile. The products available to customers include a wide range of investment options and complete advisory with respect to asset management. It currently manages 73 mutual funds and 4 investment funds that enable its customers to diversify their investments among different financial instruments, thus taking advantage of the best business opportunities in Chile and the world. With over 245,000 investors and managed funds at December 31, 2008 of more than Ch$3 billion, the equivalent of a 26.79% market share in mutual funds, this subsidiary ended 2008 as leader in the managed funds business. In the last quarter of 2008, the effective average assets of the industry declined by 7.82%, but the subsidiary increased its market share from 25.41% in September to 26.79% at December 31. These excellent results are due to efforts focused on providing an ever-more sophisticated service, with better attention and integral consultancy. Banchile Asesoría Financiera Banchile Asesoría Financiera S.A. has an important presence in the Chilean investment banking business. Its main businesses are concentrated on long-term financing transactions through syndicated bank loans, purchases, sales, and mergers of companies, strategic associations and company valuations. The subsidiary is well positioned in the Chilean capital markets thanks to its outstanding skills, experience and professionalism in the creation of innovative solutions for its clients, together with the fundamental guarantee of confidentiality with respect to transactions and the associated information. Banchile Asesoría Financiera S.A. also has wide experience in the diagnosis and successful closing of the deals in which it participates. As an important result of the merger of Banco de Chile and Citibank, the team of Banchile Asesoría Financiera has the best professionals from both institutions and strengthened by the image Banchile Citi Global Markets in 2008, achieving excellent results under the wing of Banco de Chile’s Investment Banking and Capital Markets Division. In 2008 Banchile Asesoría Financiera produced a net income of Ch$4,743 million. Banchile Corredores de Bolsa S.A. Banchile Corredores de Bolsa S.A. has been operating since 1990 and offers its clients share trading on the Santiago Stock Exchange and the Chilean Electronic Stock Exchange. Customers can also execute transactions in dollars, euros and other currencies, receiving a fast and secure service. Clients can also invest for the term that most suits them through selling securities under repurchase agreements, hence optimizing the combination of profitability, flexibility and liquidity.

Products & services

Similar companies nearby