Banco Itau Chile (Chile)

Banco Itaú Chile, incorporated on November 4, 1871, is one of Chile’s leading financial institutions, headquartered at Av. Presidente Riesco, Santiago. The bank operates in commercial banking, investment banking, securities brokerage, and asset management, serving individuals, SMEs, and large corporations. It is a subsidiary of Itaú Unibanco Holding S.A., Brazil’s largest private bank, and was formed through the 2016 merger of Itaú Chile and Corpbanca. The current ownership structure is 38.14% Itaú Unibanco, 28.57% Saieh Family, and 33.29% minority shareholders, with Itaú Unibanco as the controlling shareholder. Banco Itaú Chile’s most important products include personal and corporate loans, credit cards, savings and investment accounts, insurance solutions, and digital banking services. Its most recognizable brand is Itaú, associated with innovation, sustainability, and customer-centric banking. The institution has evolved over more than 150 years, adapting to Chile’s dynamic financial landscape and regional expansion, including operations in Colombia, Panama, and a branch in New York. In 2024, the bank reported strong financial performance and advanced its digital transformation strategy, achieving a 67% reduction in operational emissions since 2019, a 51% reduction in energy use, and full measurement of wholesale portfolio emissions under the PCAF methodology. It also launched a new brand image and continued leadership in sustainable finance and ESG practices, reinforcing its position as a top-tier bank in Latin America.