# Banco de Chile

> Source: https://docs.barcoder.ai/docs/wallets/banco-de-chile
> research date 2026-05-30 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Banco de Chile — official](https://portales.bancochile.cl/personas)

## Overview

**Banco de Chile** is **one of Chile's largest banks by assets + one of Latin America's most established commercial banks** <sup>[1][1], [2][2], [Chile report](https://docs.barcoder.ai/docs/payments/CL)</sup>. **2025 baseline**: 2M+ Banco de Chile customers + 93%+ of customers use online/digital channels + Banco de Chile mobile + Banco de Chile online + Mi Pago Cardless Chilean payment service + Citi (US) Citigold Private Client Chilean partnership (post-2007 Citi 33.4% strategic alliance + 2008 LQ Inversiones Financieras Quiñenco family controlling shareholder consolidation).

**Distinctive Banco de Chile positioning** <sup>[1][1], [2][2], [3][3]</sup>:
- **One of Chile's 4 largest banks by assets** (alongside [BCI (Banco de Crédito e Inversiones)](https://docs.barcoder.ai/docs/wallets/bci-chile) + [Santander Chile](https://docs.barcoder.ai/docs/wallets/santander-chile) + [BancoEstado](https://docs.barcoder.ai/docs/wallets/banco-estado-chile))
- **2M+ Banco de Chile customers + 93%+ use online/digital channels**
- **1893 founding via Banco Nacional de Chile + Banco Agrícola + Banco de Valparaíso merger** — distinctive Chilean banking consolidation heritage
- **Quiñenco family (Luksic Group) controlling shareholder + Citi (US) 33.4% strategic alliance (post-2007)** — distinctive Chilean family + global banking strategic alliance
- **NYSE: BCH dual listing** — distinctive Chilean-NYSE dual listing
- **Mi Pago Cardless Chilean payment service** — distinctive Banco de Chile cardless payment innovation

## History

**1893 — Banco de Chile founded** via Banco Nacional de Chile + Banco Agrícola + Banco de Valparaíso merger — distinctive Chilean banking consolidation heritage.

**2002 — Banco de Chile + Banco de A. Edwards merge** — distinctive Chilean banking consolidation.

**2007 — Citi (US) acquires 33.4% Banco de Chile via strategic alliance** — distinctive Chilean-Citi global banking strategic alliance.

**2008 — LQ Inversiones Financieras (Quiñenco family / Luksic Group) consolidates Banco de Chile controlling shareholder position** — distinctive Chilean Luksic family consolidation.

**2010 — Banco de Chile mobile banking app launches**.

**2025 — 2M+ customers + 93%+ use online/digital channels** <sup>[1][1], [2][2]</sup>.

## Ownership & operator

**Operating entity**: **Banco de Chile** (NYSE: BCH; SSE: CHILE).

**Major shareholders**: **LQ Inversiones Financieras (Quiñenco family / Luksic Group) controlling + Citi (US) 33.4% strategic alliance partner + Chilean institutional + Chilean retail public float**.

**Regulator**: **CMF (Comisión para el Mercado Financiero)**.

## Technical integration

Banco de Chile mobile banking app (iOS + Android) + portales.bancochile.cl online + Banco de Chile cards (Visa + Mastercard + Diners) + Banco de Chile branch network; Chilean TEF + ACH; **Mi Pago Cardless Chilean payment service** (distinctive Banco de Chile cardless payment innovation); Citi (US) Citigold Private Client Chilean partnership.

## Users & growth

**2025**: 2M+ Banco de Chile customers + 93%+ use online/digital channels; one of Chile's 4 largest banks by assets.

## Use cases

Chilean retail + private + corporate + investment + insurance banking via Banco de Chile mobile + online + cards + branches; **Mi Pago Cardless Chilean payment service** (distinctive Chilean cardless payment innovation); Citi (US) Citigold Private Client Chilean partnership.

## Implementations & partners

**Operator**: Banco de Chile (NYSE: BCH; SSE: CHILE); LQ Inversiones Financieras (Quiñenco family / Luksic Group) controlling shareholder + Citi (US) 33.4% strategic alliance.

**Major Chilean banking competitors**: [BCI (Banco de Crédito e Inversiones)](https://docs.barcoder.ai/docs/wallets/bci-chile) (Chile #1 by assets per some rankings) + [Santander Chile](https://docs.barcoder.ai/docs/wallets/santander-chile) (Chile #2) + [BancoEstado](https://docs.barcoder.ai/docs/wallets/banco-estado-chile) (Chile #3 state-controlled) + [Scotiabank Chile](https://docs.barcoder.ai/docs/wallets/scotia-cl) (post-2018 BBVA Chile acquisition).

**Regulator**: CMF.

## Fun facts

- **One of Chile's 4 largest banks by assets** + **one of Latin America's most established commercial banks**.
- **2M+ Banco de Chile customers + 93%+ use online/digital channels**.
- **1893 founding via Banco Nacional de Chile + Banco Agrícola + Banco de Valparaíso merger** — distinctive Chilean banking consolidation heritage.
- **2007 Citi (US) 33.4% strategic alliance + 2008 LQ Inversiones Financieras (Quiñenco family / Luksic Group) controlling shareholder consolidation** — distinctive Chilean family + global banking strategic alliance.
- **NYSE: BCH dual listing** — distinctive Chilean-NYSE dual listing.
- **Mi Pago Cardless Chilean payment service** — distinctive Banco de Chile cardless payment innovation.

## Comparison

| Feature | Banco de Chile | [BCI (Banco de Crédito e Inversiones)](https://docs.barcoder.ai/docs/wallets/bci-chile) (Chile #1 by assets per some rankings) | [Santander Chile](https://docs.barcoder.ai/docs/wallets/santander-chile) (Chile #2 + [Banco Santander (Spain parent)](https://docs.barcoder.ai/docs/wallets/santander-spain) subsidiary) | [BancoEstado](https://docs.barcoder.ai/docs/wallets/banco-estado-chile) (Chile #3 state-controlled) | [Scotiabank Chile](https://docs.barcoder.ai/docs/wallets/scotia-cl) (post-2018 BBVA Chile acquisition) |
|---|---|---|---|---|---|
| Operator | **Banco de Chile (NYSE: BCH; SSE: CHILE)** | Banco de Crédito e Inversiones (SSE: BCI) | Banco Santander Chile S.A. (NYSE: BSAC) | Banco del Estado de Chile (Chilean state) | Scotiabank Chile S.A. (BNS Canada subsidiary) |
| Type | **One of Chile's 4 largest banks by assets + 2M+ customers + 93%+ online/digital + Citi (US) 33.4% strategic alliance + LQ Inversiones (Quiñenco/Luksic family) controlling + Mi Pago Cardless distinctive Chilean payment innovation** | Chile #1 by assets per some rankings + Yrarrázaval family-controlled (BCI Group) + 2015 City National Bank Florida acquisition | Chile #2 + Santander Group Chilean subsidiary + 4M+ customers | Chile #3 state-controlled + CuentaRUT distinctive Chilean basic account + Chilean unbanked banking | Scotiabank's Chilean subsidiary post-2018 BBVA Chile USD 2.2B acquisition |
| Country | CL | CL + US | CL | CL | CL |
| Distinctive | **1893 founding via Banco Nacional de Chile + Banco Agrícola + Banco de Valparaíso merger; 2007 Citi (US) 33.4% strategic alliance; 2008 LQ Inversiones (Quiñenco/Luksic) controlling shareholder consolidation; NYSE: BCH dual listing; Mi Pago Cardless distinctive Chilean payment innovation; 2M+ customers + 93%+ online/digital (2025)** | 1937 founding by Yrarrázaval family; 2015 City National Bank Florida USD 882M acquisition; TBanc digital subsidiary | Chile #2 + Santander Group Chilean subsidiary; Getnet Chile merchant acquiring | Chile #3 state-controlled since 1953 founding; CuentaRUT distinctive Chilean basic account for unbanked | 2018 BBVA Chile USD 2.2B acquisition; merger with Scotiabank Chile completed |

## Status

**Active, one of Chile's 4 largest banks by assets + Latin American banking heritage** <sup>[1][1], [2][2], [3][3]</sup>:
- **Banco de Chile (NYSE: BCH; SSE: CHILE)** since 1893 founding.
- **2007 Citi (US) 33.4% strategic alliance + 2008 LQ Inversiones (Quiñenco/Luksic) controlling shareholder**.
- **2M+ customers + 93%+ use online/digital channels (2025)**.
- **CMF regulated**.

## Sources

[1]: https://en.wikipedia.org/wiki/Banco_de_Chile "Banco de Chile — Wikipedia"
[2]: https://portales.bancochile.cl/personas "Banco de Chile — official"
[3]: https://www.worldfinance.com/banking/driving-bankings-digital-revolution "Driving banking's digital revolution — World Finance"
[cl-cro]: https://docs.barcoder.ai/docs/payments/CL

- [1] [Banco de Chile — Wikipedia][1]
- [2] [Banco de Chile — official][2]
- [3] [Driving banking's digital revolution — World Finance][3]
- <sup>[Chile report](https://docs.barcoder.ai/docs/payments/CL)</sup> In-corpus: `reports/countries/CL-chile.md`

## Source

Biography extracted from [banco-de-chile.md](https://docs.barcoder.ai/source/wallets/banco-de-chile). See `matrix.md` for standards-support matrix if present.