Wallets/banco-estado-chile
BancoEstado
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Overview
BancoEstado is Chilean federal commercial bank + Chilean federal government fully owned + Chile's largest state-owned commercial bank by branches + ~13M+ Chilean customers + CuentaRUT financial-inclusion debit-account pioneer 1, Chile report.
History
Jul 30 1953 — Banco del Estado de Chile BancoEstado founded via merger of 4 Chilean federal banks by President Carlos Ibáñez del Campo distinctive Chilean federal banking heritage.
Sep 2007 — CuentaRUT launched by BancoEstado as Chilean financial-inclusion debit account for all Chileans via national RUT identifier distinctive Chilean financial inclusion strategy.
2010 — BancoEstado mobile banking app launch.
Ownership & operator
Operating entity: Banco del Estado de Chile BancoEstado (Chilean federal commercial bank; Chilean federal government fully owned).
Major shareholders: Government of Chile (Ministry of Finance) fully owned.
Regulators: CMF Chile + BCCh.
Technical integration
BancoEstado Móvil mobile app (iOS + Android; ~13M+ Chilean customers) + bancoestado.cl online + BancoEstado branch network across Chile (largest Chilean retail banking branch network) + CajaVecina banking points network + BancoEstado CuentaRUT + Visa + Mastercard cards; CL IBAN + TEF CL.
Implementations & partners
Major Chilean banking + payments competitors: Santander Chile (Santander Chile; BCS: BSAN + NYSE: BSAC; Banco Santander Spain Chilean subsidiary; Chile's largest private commercial bank by assets) + Banco de Chile (Banco de Chile; BCS: CHILE + NYSE: BCH; Quiñenco Luksic group + Citigroup major shareholders; Chile's #2 commercial bank by assets) + BCI (Banco de Crédito e Inversiones) (BCI Banco de Crédito e Inversiones; BCS: BCI; Yarur family controlling; one of Chile's largest commercial banks) + Scotiabank Chile (Scotiabank Chile; Scotiabank Canadian parent subsidiary) + Itaú Chile / itu (Cuenta corriente digital) (Itaú Chile; Itaú Unibanco Brazilian parent Chilean subsidiary) + Banco Falabella (Banco Falabella; Falabella Chilean retail conglomerate banking subsidiary) + MACH (MACH; Banco BCI Chilean digital wallet) + Mercado Pago Chile (Mercado Pago Chile; MercadoLibre group; Chilean operations).
Regulators: CMF Chile + BCCh.
Status
Active, Chilean federal commercial bank + Chilean federal government fully owned + Chile's largest state-owned commercial bank by branches + ~13M+ Chilean customers + CuentaRUT financial-inclusion debit-account pioneer 1, 2.
Sources
- 1 BancoEstado — official
- 2 BancoEstado — Wikipedia
- Chile report In-corpus:
reports/countries/CL-chile.md
Source
Biography extracted from banco-estado-chile.md. See matrix.md for standards-support matrix if present.