SM-Chile

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Sociedad Matriz del Banco de Chile S.A.
Type Sociedad Anónima
Traded as BCS: SM-CHILE A, SM-CHILE B, SM-CHILE D, SM-CHILE E
Industry Holding
Founded 1996
Headquarters Santiago, Chile
Key people Andrónico Luksic Craig, (Chairman)
Arturo Tagle Quiroz, (CEO)
Products Financial Services
Revenue Increase US$ 2.4 billion (2012)
Net income Decrease US$ 153.8 million (2012)
Total assets Increase US$ 48.4 billion (2012)
Parent Banco de Chile
Website www.sm-chile.cl

SM-Chile is a holding company for Banco de Chile. Until 1996, when its Board of Shareholders agreed to become an investment company with exclusive turn, governed by Law No. 19,396, changing its name to Bank of Parent Company Chile SA'[citation needed] Simultaneously, the parent company of Banco de Chile SA created a commercial bank under the name Banco de Chile and was transferred all its assets and liabilities, excluding subordinated obligation call with the Central Bank of Chile, obligation undertaken following the banking crisis of the years 1982 - 1984 and the consequent bailout carried out by the Central Bank. After this transformation, the sole shareholder of Banco de Chile was the parent company of Banco de Chile SA

From 1996 to 2008, the parent company of Banco de Chile has reduced its participation in Banco de Chile, the proceeds of redemption of shares of Series E of the capitalization of profits of the Bank, the merger of Banco de Chile Banco de Chile, from January 2002 merger with Citibank Chile, from January 2008.

At 30 June 2008, the parent company of Banco de Chile owns directly and indirectly - through its subsidiary management company of the Subordinated Obligation SAOS SA - A 50.36% of the total shares of Banco de Chile.

The ownership of the Company is divided into four sets of actions: A, B, D and E. The Company's shares are traded on the Stock Exchange of Chile, the Chilean Electronic Stock Exchange and the Valparaíso Stock Exchange.

The parent company of Banco de Chile is monitored by the Superintendency of Banks and Financial Institutions of Chile.

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