Banco De Crédito E Inversiones
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Banco de Crédito e Inversiones (BCI) is a
Chile Chile, officially the Republic of Chile, is a country in the western part of South America. It is the southernmost country in the world, and the closest to Antarctica, occupying a long and narrow strip of land between the Andes to the east a ...
an bank specializing in savings & deposits, securities brokerage, asset management and insurance. BCI was the Latin American partner for
Bear Stearns The Bear Stearns Companies, Inc. was a New York-based global investment bank, securities trading and brokerage firm that failed in 2008 as part of the global financial crisis and recession, and was subsequently sold to JPMorgan Chase. The comp ...
. 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. The current president, Luis Enrique Yarur Rey, is a third-generation member of the Yarur family. 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 Miami ( ), officially the City of Miami, known as "the 305", "The Magic City", and "Gateway to the Americas", is a coastal metropolis and the county seat of Miami-Dade County in South Florida, United States. With a population of 442,241 at ...
, Florida based City National Bank of Florida for $882 million from Spanish lender
Bankia Bankia () was a Spanish financial services company that was formed in December 2010, consolidating the operations of seven regional savings banks, and was partially nationalized by the government of Spain in May 2012 due to the near collapse of ...
. City National has 26 branches in South Florida and Orlando. anking on U.S. Growth Chile's Bci makes a big push into Florida August 2013 Florida Trend


References

Banks of Chile Banks established in 1937 Chilean companies established in 1937 Yarur family Companies based in Santiago Companies listed on the Santiago Stock Exchange {{bank-stub