# Banco de Chile

Banco de Chile is a Bank / Wealth / Trust based in Santiago, Chile.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Santiago, Chile
- **Region:** Latin America
- **Address:** Santiago, Chile
- **Founded:** 1893
- **Assets under management:** Undisclosed
- **Website:** bancochile.com
- **LinkedIn:** https://www.linkedin.com/company/banco-de-chile
- **Wikidata:** Q2882085

## Regulatory record

- **Reports private funds:** No

## About

Banco de Chile is a bank that provides financial services. It is a leading corporation committed to the country, offering excellent financial services to each segment of clients.

## Sectors

- Financial Services
- Real Estate
- Infrastructure
- Private Credit

## People

- Andrés Boric — Chairman
- Eduardo Ebensperger — Chief Executive Officer

## Questions

### Who controls Banco de Chile, and how does the Luksic family exercise that control?

Banco de Chile is controlled by Quiñenco S.A., a holding company that is in turn controlled by the Luksic family through a tiered ownership structure. Quiñenco holds roughly 30% of Banco de Chile's shares, giving the family effective board control. Chairman Andrés Boric represents the controlling group's interests on the board, while day-to-day banking operations fall to CEO Eduardo Ebensperger. The Luksic family does not manage the bank directly; they exert influence through board composition and long-term strategic direction.

### How are Banco de Chile's proprietary investments distinct from its commercial banking operations?

The bank does not operate a separately branded family office or asset management division for proprietary capital. Its investment portfolio sits on the balance sheet alongside customer deposits, consisting primarily of Chilean equity holdings — most notably in SQM, which is also Luksic-controlled — and a corporate loan book that represents a form of private credit exposure. Wealth management services for external clients are bundled within the broader retail banking division, making it difficult to isolate pure proprietary investment activity from the bank's broader commercial franchise.

### What is the relationship between Banco de Chile and SQM?

Both Banco de Chile and Sociedad Química y Minera (SQM), the world's largest lithium producer, fall under the Luksic family's sphere of influence, but through separate holding chains. Banco de Chile is controlled via Quiñenco, while the Luksic stake in SQM is held through the Pampa Group and related entities. Banco de Chile holds SQM shares in its securities portfolio, creating a cross-holding structure that reinforces the Luksic group's position in both entities while remaining within Chilean regulatory frameworks.

### Does Banco de Chile invest internationally, or is capital concentrated domestically?

The vast majority of Banco de Chile's lending activity and proprietary investment exposure is domestic. New York maintains a representative office for correspondent banking, but the bank does not operate retail branches or deploy significant proprietary capital outside Chile. The Luksic family's international investments — including the family's European real estate and shipping interests through Vapores — are managed through separate holding company vehicles, not through Banco de Chile itself.

## Related profiles

- [Banco Bradesco](https://altss.com/profile/banco-bradesco)
- [Banco do Brasil](https://altss.com/profile/banco-do-brasil)

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Last updated: 2026-05-30T15:36:07.955Z

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