Chile’s banking sector is highly concentrated, with the top five banks accounting for 77.2% and 77.8% of the outstanding loans and deposits, respectively, as of September 2018. However, compared to September 2017, when the five biggest players controlled 77.6% and 78.6% of total loans and deposits, the level of concentration has decreased slightly, mainly due to the rapid expansion of Canada’s Scotiabank. This has further propelled sector competition and the fight for market share amongst the largest banks. Moreover, the large underserved population in regions outside Santiago Metropolitan creates ample growth opportunities for both existing and new players.

01 EXECUTIVE SUMMARY

02 SECTOR IN FOCUS 

03 COMPETITIVE LANDSCAPE

04 COMPANIES IN FOCUS 

05 REGULATORY ENVIRONMENT 

06 CONSUMER FINANCE 

07 RETAIL CHANNELS