Type Sociedad Anónima Industry Finance and Insurance Website www.bci.cl Founded 1937 Total assets 38.1 billion USD (2013) | Traded as BCS: BCI Products Banking Founder Juan Yarur Lolas Revenue 1.5 billion USD (2012) Net income 565.3 million USD (2012) | |
Key people Luis Enrique Yarur Rey, (Chairman)Lionel Olavarría Leyton, (CEO) Headquarters Santiago Metropolitan Region, Chile CEO Eugenio Von Chrismar Carvajal (17 Mar 2015–) Profiles | ||
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.
History
The Bank was founded in 1937 by Juan Yarur Lolas in order to support small and medium enterprises in Chile. His son, Jorge Yarur Banna, served as the second president until his death in 1991. Meanwhile, in 1970, a branch was bombed in Santiago. The current president, Luis Enrique Yarur Rey, is a third-generation member of the Yarur family.
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.