Banco Itaú Chile Explained

Banco Itaú Chile S.A.
Type:Subsidiary
Foundation:2006
Defunct:2014
Location City:Santiago
Location Country:Chile
Industry:Finance and Insurance
Key People:Boris Buvinic, (CEO)
Products:Banking
Insurance
Private Banking
Revenue: US$ 436.6 million (2012)
Net Income: US$ 81.9 million (2012)
Assets: US$ 11.3 billion (2012)
Num Employees:2,451
Successor:Itaú Corpbanca
Parent:Itaú Unibanco
Homepage:www.itau.cl

Banco Itaú Chile was one of the largest Chilean banks and a subsidiary of Brazilian bank Itaú Unibanco, was founded in 2006, as Bank Boston in Chile. Itaú Unibanco boughtin 2006 the Bank Boston's operation and changed its brand to Itaú. In September 2011 Banco Itaú Chile announced the purchase of operations of British bank HSBC in Chile.[1] It has 92 bank branches, 70 ATM's and more than 2.400 employees and about 150.000 customers. In 2014 the bank merged with Corpbanca, forming Itaú Corpbanca.

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Notes and References

  1. Web site: Banco Itaú adquiere banca de personas del HSBC Bank Chile . 29 September 2011 .