May 2026
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Largest Commercial Banking Public Companies in Chile
Benchmark revenue and EBITDA valuation multiples for public comps like
Banco de Chile, Santander Chile, Banco Bci, Bicecorp and Itaú Chile.
 | Operating under three separate brand names (Banco de Chile, Banco Edwards-Citi, and Banco CrediChile), Banco de Chile is the second largest in the country by loans and third largest by deposits. Banco de Chile generates most of its net interest income (roughly 60% of total revenue) from its mortgage, unsecured consumer credit lines, and commercial loans, with 25% of its outstanding loans being made to firms with more than 10,000 million CLP in revenue. Outside of its banking business, Banco de Chile is the largest asset manager in the country and one of the largest security brokerages, supporting its substantial fee-based revenue. | $0 | +20% | $19B | $34B | 9.7x | - | ||
| Founded in 1978, Banco Santander Chile is part of Santander Group and majority-controlled by Santander Spain. It is the largest bank in Chile by loans and the second largest by deposits. The bank generates most of its net interest income (roughly 65% of total revenue) from its mortgages, unsecured consumer credit lines, and commercial loans. Banco Santander’s commercial loan business is more focused on small- to medium-size companies, with firms generating more than CLP 10,000 million in revenue only making up around 5% of outstanding loans. Outside of lending, Banco Santander is the largest card issuer in the country with around 25% of the market and benefits from a long-term strategic partnership with the largest airline in the country, LATAM. | $0 | +20% | $15B | $29B | 8.6x | - | ||
| Banco de Credito e Inversiones SA is a commercial bank incorporated in Chile. The company operations are divided into three segments: retail banking, commercial banking and investment banking. Retail operations consist of savings accounts, demand deposits, consumer and mortgage loans, credit cards, investment and insurance products. The investment banking products and services include time deposits, mutual funds, and spot and futures transactions. The company also provides factoring, stock and insurance brokering, asset management, securitization, and financial consultancy. | $66 | +52% | $14B | $29B | 8.0x | - | ||
| Bicecorp SA is a Chile based investment holding company. It is engaged in offering a broad range of services across banking, investments, insurance, and asset management. | $0 | +45% | $4B | $6B | 1.3x | 15.6x | ||
| Banco Itau Chile is a commercial bank from Chile. The bank operates in Colombia, Panama, Peru, the United States, Spain and other regions. CorpBanca offers commercial and retail banking products, mainly to individuals and midsize and large corporations. The product portfolio consists of treasury and financial advisory, securities brokerage, asset management, insurance brokerage, investment banking, payment products, legal services, cash management, international trade, mortgages, and consumer credit. Its operating segments are; Chile, which derives maximum revenue and includes operations of the New York branch, and Colombia, which includes Panama. | $20 | +42% | $4B | $17B | 9.2x | - | ||
| Scotiabank Chile provides financial services. It offers financial products and services with respect to personal, commercial, corporate, insurance, credit cards and investment banking. | $0 | +6% | $3B | $17B | 7.7x | - | ||
| Banco Internacional is engaged in providing banking products and services including retail & corporate banking including current accounts, insurance, leasing, factoring, money market and agricultural banking. It also provides mortgage credit, consumer credit, and online bank service. | $0 | -- | $641M | $3B | 11.1x | - | ||
| Median | $0 | +31% | $4B | $17B | 8.6x | 15.6x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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