QUOTE AND NEWS
Benzinga  Jan 31  Comment 
Below are the top large-cap foreign regional banks stocks on the NYSE and the NASDAQ in terms of dividend yield. Banco Santander (Brasil) SA (NYSE: BSBR) has a dividend yield of 5.90%. Banco Santander's shares closed at $4.71...
Reuters  Jan 29  Comment 
The majority shareholder of Chilean bank Banco de Chile on Wednesday sold about 6.7 billion shares, raking in roughly $820.5 million.
Reuters  Jan 9  Comment 
The majority shareholder of Chilean bank Banco de Chile has launched a process to sell up to 6.9 billion shares, which at current market value are equivalent to roughly...
Benzinga  Jul 31  Comment 
OfficeMax® Incorporated (NYSE: OMX), a leading provider of office and facility supplies, technology and services, announced that it received an approximately $72-million cash distribution yesterday related to its October 2004 investment in Boise...
Benzinga  Feb 12  Comment 
OfficeMax (NYSE: OMX) today announced that it will receive approximately $129 million in cash proceeds on February 12, 2013 related to its October 2004 investment in Boise Cascade Holdings, L.L.C. ("BCH").  Since 2004, OfficeMax has held two...
Forbes  May 16  Comment 
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a...
StreetInsider.com  Dec 1  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/Deutsche+Bank+Upgrades+Banco+de+Chile+%28BCH%29+to+Hold%3B+Valuations+Have+Come+Down+From+Peak/6135735.html for the full story.
MarketWatch  Sep 8  Comment 
Chilean equities reach a new record closing higher after the country's central bank raises its growth outlook for gross domestic product this year. Also, one analyst sees more pressure ahead for shares of Brazilian oil giant Petrobras.
MarketWatch  Aug 18  Comment 
Chile's currency pierces through the key 500-pesos level for the first time in seven months after the country posted its fastest rate of economic expansion in five years.




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Since its formation in 1893, Banco de Chile (BCH) has come a long way to position itself as one of the leading banks in Chile. The January 2001 merger with another Chilean commercial bank, Banco de A. Edwards, enabled Banco de Chile to establish itself as the second largest private bank in Chile, with an 18% market share and Ch$13,411 billion (US$25 billion) in total assets as of December 31, 2006. This comprehensive financial services provider, which is listed on the New York Stock Exchange (NYSE), the Madrid Stock Exchange, and the London Stock Exchange, primarily focuses on commercial banking.

Besides traditional banking functions, such as checking and savings accounts, commercial and mortgage lending, trade finance, working capital facilities, foreign exchange, and cash management, the bank also offers capital market and other non-credit services. These services include transactions relating to payroll and payment to the bank's individual, corporate, and institutional clients. In addition, Banco de Chile offers services in the international market through offices located in various parts of the globe. Its operations are classified into five broad divisions: retail market (accounting for 57% of 2006 net revenue), wholesale market (23%), subsidiary operations (13%), treasury and money market operations (4%), and international banking (3%). Banco de Chile's non-banking subsidiaries are engaged in securities brokerage, mutual funds, collections, retail sales, factoring, insurance, financial advisory, and securitization. Geographically, net revenue in 2006 divided 97% Chile and 3% other, primarily the United States.

BCH intends to expand its operations to cope with growth of the Chilean economy, recent trade agreements, and decreasing unemployment. Specifically, the company's strategic plans include: (1) expansion of branch and ATM networks to locations where BCH has little or no presence (2) strengthening of the sales force (3) strategically cross-selling products and services, such as mutual funds, lease financing, factoring, insurance and securities brokerage services (4) developing commercial agreements and strategic alliances with leading companies in other industries (such as retail businesses, insurance companies, pension management funds, and telecommunications companies) and (5) developing and improving credit scoring techniques.

In 2006, 70% of net revenue (total revenue less interest expense) of Ch$564 million (US$1.1 billion) was generated from interest-bearing sources, while the remaining 22% of net revenue came from fee-based and other non-interest sources. With 282 branches and 1,456 ATMs, Banco de Chile boasts of offering the best quality service in the banking industry. Banco de Chile enjoys long-term credit ratings of A2 by Moody's and A by both Standard & Poor's and Fitch.




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