Banco de Crédito e Inversiones is Chile

Chile

Chile ,officially the Republic of Chile , is a country in South America occupying a long, narrow coastal strip between the Andes mountains to the east and the Pacific Ocean to the west. It borders Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage in the far...

an bank specializing in savings & deposits, securities brokerage, asset management and insurance. BCI was the Latin American partner for Bear Stearns

Bear Stearns

The Bear Stearns Companies, Inc. based in New York City, was a global investment bank and securities trading and brokerage, until its sale to JPMorgan Chase in 2008 during the global financial crisis and recession...

. BCI was formed by the Yarur family.

The Bank was founded in 1937 by John Yarur Lolas and a group of entrepreneurs, in order to support small and medium enterprises in Chile. Throughout its history, the bank has been characterized by innovation in its services and the use of technology.

After the crisis of the '80s, BCI was the first bank to prepay its debt to the Central Bank. In 1991, the same day of payment, then President George died Yarur Banna, just as he announced the news to employees of the company.

BCI is currently the third largest private bank in terms of bank loans and fourth in number of clients, behind Banco Santander-Chile

Banco Santander-Chile

Banco Santander-Chile is the largest bank in Chile by assets. The bank has 477 branches network. It is a division of Grupo Santander....

, Banco de Chile

Banco de Chile

Banco de Chile , is the second biggest banking group of Chile, behind Banco Santander-Chile and ahead of BBVA Chile...

 and the state-owned BancoEstado.

BCI is a member of the International Confederation of Popular Banks (CIBP), international organization based in Brussels that brings together cooperative banks worldwide.