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BancoEstadoChile

Active

This profile is actively maintained
Last update: Sep 6 2024
Banco del Estado de Chile's head office in Santiago. Photo: Carlos yo via Flickr (CC License CC BY-SA 3.0)

Active

This profile is actively maintained
Last update: Sep 6 2024
Bank info
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All
About
Website http://www.bancoestado.cl
Headquarters
Av. Libertador Bernardo O'Higgins nº1111
Santiago
Chile
CEO/chair Óscar González
CEO
Supervisor
Ownership

BancoEstado is wholly owned by the Republic of Chile.

BancoEstado is the only public bank in Chile and was created by government decree in 1953. The bank offers financial services to consumers and companies, with an emphasis on national coverage in terms of geography and social sectors. The bank particularly focusses on the unbanked and small and medium enterprises. BancoEstado is the country's largest mortgage lender and largest issuer of debit cards. The bank performs all of the Chilean government's financial activities through a single account managed by the General Treasury of the Republic of Chile.

Sustainability
Commitments
Policies
Voluntary standards

BancoEstado's most important sustainability commitments can be found at the website sections listed below.

Links

Corporate sustainability
Dodgy Deals

BancoEstado is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of BancoEstado's link to these deals.

Projects / Companies
Finance type
Year

Companies on record

Marubeni

Japan
Coal Electric Power Generation | Mining | Pulp, Paper and Paperboard Mills
Profile
Type
Amount
Description
Date
Date end
Source
Debt – project finance
USD 650 million
project finance for the development of the Antucoya copper mining, provided together with JBIC, EDC, KfW, Mizuho Bank, Sumitomo Mitsui Banking Corporation, Natixis, ING and Corpbanca.
5 November 2013
Not available
source: link
News
Resources
Documents
Links

Annual report 2023

Annual report
Jun 11 2024 | BancoEstado

Commitment to Eliminating Commodity-driven Deforestation

Bank policy
May 22 2024 | BancoEstado

Management of human rights

Bank policy
Feb 20 2024 | BancoEstado

Annual report 2022

Annual report
Jul 10 2023 | BancoEstado

Corporate Sustainability Policy

Bank policy
Apr 12 2023 | BancoEstado

Sustainability framework

Bank policy
Feb 21 2023 | BancoEstado
Accountability
Grievances

BancoEstado does not operate a complaints or grievances mechanism for individuals or communities that might have been affected by its finance.

Banks and Human Rights

Banks and Human Rights

BankTrack assessed BancoEstado in its 2024 Human Rights Benchmark Latin America, part of the series of  BankTrack's Regional Benchmarks, where it achieved 1 points out of 14 and was ranked as a laggard.

The BankTrack Human Rights Benchmark Latin America

Human Rights Benchmark Latin America 2024

BankLast update
Country
Score
Ranking
Details
BancoEstado
CHL
1
Laggard 1
Explanation
Laggard
Follower
Moderate achiever
Leader
0 - 3 points
3.5 - 6.5 points
7 - 10 points
10.5 - 14 points
For more details see this page.
Good Moves

Good moves

Year: