Banco del Estado de Chile

Banco del Estado de Chile, commercially operating under the brand BancoEstado, is the only Public Bank in Chile and was created by government decree in 1953. It provides financial services to consumers and companies, with a focus on national coverage in terms of geography and social sectors and a particular emphasis on the unbanked and small and medium enterprises, although it serves all types of businesses. It is the country's largest mortgage lender and largest issuer of debit cards. In addition, BancoEstado performs part of the Chilean government's financial activities through the accounts managed by the General Treasury of the Republic of Chile.

The bank was created by Decree no. 126 of 1953, which merged the National Savings Bank, Mortgage Credit Savings Bank, Agrarian Credit Savings Bank and Industrial Credit Institution 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…