Banco de Crédito e Inversiones

Banco de Crédito e Inversiones S.A
Company typePublic
BCS: BCI
IndustryFinance and Insurance
Founded1937; 88 years ago (1937)
HeadquartersSantiago, Chile
Key people
Luis Enrique Yarur Rey, (Chairman)
Lionel Olavarría Leyton, (CEO)
ProductsBanking
RevenueIncrease US$ 3.1 billion (2017)
Increase US$ 602.8 million (2017)
Total assetsIncrease US$ 54.0 billion (2018)
SubsidiariesCity National Bank of Florida
Websitewww.bci.cl

Banco de Crédito e Inversiones S.A. (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 and is still owned 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.[1] The current president, Luis Enrique Yarur Rey, is a third-generation member of the Yarur family.[2]

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.[3]

References

  1. ^ "4 More Bomb Blasts in Chile by Terrorists". The Bridgeport Telegram. Bridgeport, Connecticut. 5 October 1970. p. 22. Retrieved 1 January 2017 – via Newspapers.com. One bomb wrecked the entrance of a bank branch of the Banco de Credito e Inversiones, property of the wealthy Arab-Chilean Yarur family.
  2. ^ Baeza, Cecilia (2006). "Les identités politiques à l'épreuve de la mobilité. Le cas des Palestiniens d'Amérique latine". Raisons Politiques. 21 (1): 77–95. doi:10.3917/rai.021.0077 – via Cairn.info. La BCI (Banco de Créditos e Inversiones), est ainsi la seule parmi les plus importantes banques du pays, a être encore entre les mains de la famille fondatrice : créée en 1937 par Juan Yarur Lolas, la BCI est aujourd'hui dirigée par Luis Enrique Yarur Rey, troisième génération du clan.
  3. ^ [Banking on U.S. Growth]; Chile's Bci makes a big push into Florida August 2013 Florida Trend
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