BancoEstado

Banco del Estado de Chile (In English: Bank of the State of Chile), commercially operating under the brand BancoEstado, is the only Public Bank in Chile and was created by government decree in 1953. In addition, BancoEstado performs part of the Chilean government's financial activities through the accounts managed by the General Treasury of the Rep... ublic of Chile. The bank was created by Decree no. 126 of 1953, which merged the National Savings Bank (Caja Nacional de Ahorros), Mortgage Credit Savings Bank (Caja de Crédito Hipotecario), Agrarian Credit Savings Bank (Caja de Crédito Agrario) and Industrial Credit Institution (Instituto de Crédito Industrial) into a single institution. By the end of 2009, BancoEstado was the third-largest bank in Chile, covering all areas of the country via branches or delegate banking contact points called CajaVecina (Spanish trade name roughly translatable as 'Neighbourhood Savings Bank'). As of 2018, the bank had 417 branches (including the New York office), 107 smaller offices (ServiEstado), 3,701 automated services (ATMs, dispensers and letter boxes) and 25,400 CajaVecina contact points. It is the only bank with presence in all the communes in the country (even in the Antarctic), reaching geographically isolated areas where no other bank is present. Until 2018, the bank reached 134 localities that had no other banking servicesRead More