In partnership with Allbrands. Sector Other Banks. Connections : Banco de Chile. All rights reserved. Show password. Add to my list Report. Business Summary. Sales per Business. Sales per region. Eduardo Ebensperger Orrego. Esteban De La Hoz. Felipe Echaiz Bornemann. Alfredo Cutiel Ergas Segal. Pablo Mejia Ricci. Sergio Karlezi Aboitiz. Alfredo Villegas Montes. Members of the board. Jean-Paul Luksic Fontbona. Julio Santiago Figueroa.
Jacob Ergas Ergas. Company contact information. You can contact us in case of doubts and emergencies in your products, or to carry out different operations quickly and easily. Todos los Derechos Reservados. We are part of the history of Chile. We have been here for more than years. About Us More information. Why Us? More information. A law extended further the activities in which banks could take part, following which Banco de Chile established subsidiaries for purposes such as factoring and insurance brokerage.
Although the bank had dropped from first to third in size due to mergers in the industry, it was still Chile's most efficient and profitable financial institution, according to LatinFinance, which awarded it the title "Best Bank in Chile" in The previous year it achieved an impressive Empresas Penta, the bank's leading shareholder with 5. A working alliance with other shareholders and directors commanded approximately 30 percent of the shares excluding the central bank's and thereby appeared to offer security against the prospect that the bank might be taken over by an outsider.
Banco de Chile and Banco de A. Edwards were merged at the beginning of to form, at the time, Chile's largest bank. It retained the Banco de Chile name. George Edwards was the physician on a British craft raiding Spanish possessions along the Pacific coast of South America in , when he fell in love with a young Chilean woman and deserted ship. After making still more money with an ironworks supplying a railroad, he turned to finance, founding Chile's first insurance company in and Banco de A.
Edwards y Cia in Some sources give an earlier date and credit Edwards as the nation's first private bank. He also played a leading role in developing Chile's nitrate deposits and cornered the world copper market in Banco Edwards was highly lucrative; although it held only 8 percent of the nation's banking market during , it accounted for 30 percent of the profits.
Edwards family members not only owned the bank that bore their name and large landed estates but also investments in railroads, telegraph lines, newspapers, copper mines, and nitrate fields. In he added to the family fortune by selling its 60 percent share of the bank to the Anglo-South American Bank Ltd. The Edwardses eventually regained control of the bank during the s or s, when British economic involvement in Latin America was sharply reduced, first by the Great Depression, then by World War II.
In the mids the Edwards interests held at least The president was Arturo Lyon Edwards, his first cousin once-removed. Banco Edwards was the nation's fifth largest bank at the time. A military coup overthrew Allende's government in Because, unlike Banco de Chile, Banco Edwards did not, relatively speaking, make reckless loans or engage in ultimately disastrous dollar borrowing, it survived the national banking crisis of The controlling interest, however, fell into the hands of the Ergas family in Banco Edwards expanded its scope when a law allowed the nation's banks to enter fields such as stock brokerage and mutual-fund management.
In Banco Edwards offered American depositary receipts the equivalent of common stock in New York and other international markets.
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