Banco de Crédito e Inversiones
 | |
| Sociedad Anónima | |
| Traded as | BCS: BCI |
| Industry | Finance and Insurance |
| Founded | 1937 |
| Headquarters | Santiago, Chile |
Key people |
Luis Enrique Yarur Rey, (Chairman) Lionel Olavarría Leyton, (CEO) |
| Products | Banking |
| Revenue |
 US$ 1.5 billion (2012) |
|
US$ 565.3 million (2012) | |
| Total assets |
US$ 38.1 billion (2013) |
| Website | www.bci.cl |
Banco de Crédito e Inversiones (BCI) is a Chilean bank specializing in savings & deposits, securities brokerage, asset management and insurance. BCI was the Latin American partner for Bear Stearns. BCI was formed by the Yarur family.
The Bank was founded in 1937 by Juan Yarur Lolas and a group of entrepreneurs, in order to support small and medium enterprises in Chile. In 1991, the same day of payment, then President Jorge Yarur Banna died, just as he announced the news to employees of the company. BCI is a member of the International Confederation of Popular Banks (CIBP), international organization based in Brussels that brings together cooperative banks worldwide.
Currently BCI is the third largest private bank in terms of loans and the fourth bank in number of customers, behind the privates Banco Santander, Chile and Banco de Chile, and the state Banco Estado.
In 2013 BCI purchased Miami, Florida based City National Bank of Florida for $882 million from Spanish lender Bankia. City National has 26 branches in South Florida and Orlando.[1]
References
- ↑ [Banking on U.S. Growth]; Chile's Bci makes a big push into Florida August 2013 Florida Trend
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