Includes special features of this country’s banking system and rules/laws that might impact U.S. business.

Chile’s banking system offers many of the asset and liability products available in international markets. Foreign trade financing and money exchange operations are particularly well developed and efficient compared to the rest of Latin America.

Chile’s Commission for the Financial Market  is the public entity that oversees and coordinate the action of other financial-related agencies.  Chilean Pensions Supervisor, Superintendencia de Pensiones is the technical authority responsible for the supervision and control of the institutions involved in the Chilean Pension System. Chile’s Bureau of Consumer Protection is SERNAC, its mission is to protect consumers in Chile in a variety of industries, including financial services. For all credit requests in the country, Sernac mandates that quotation must include the CAE index (Carga Anual Equivalente, or Annual Equivalent Cost) to facilitate credit comparison to end users.

Chile’s Central Bank is an autonomous entity, led by congress-approved counsellors that operate separed from the government in conducting monetary policy and regulating foreign capital movements, its mission is the stability of the currency, and to keep inflation low and stable over time. The bank also regulates the amount of currency and credit in circulation.
Some Chilean banks with direct presence in the United States, including Banco de Crédito e Inversiones, also known as BCI, which controls City National Bank of Florida. Other banks such as Banco Estado, Banco de Chile, and Itau have representative offices in New York.

Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.