Banco de Crédito e Inversiones
{{Use dmy dates|date=March 2020}}
{{Infobox company
| name = Banco de Crédito e Inversiones S.A
| logo = Bci Logotype.svg
| image = Banco Bci - Edificio Corporativo.jpg
| image_caption = Headquarters in Santiago de Chile.
| type = Public
| traded_as = {{BCS|BCI}}
| foundation = {{start date and age|1937}}
| location = Santiago, Chile
| key_people = Luis Enrique Yarur Rey, (Chairman)
Lionel Olavarría Leyton, (CEO)
| industry = Finance and Insurance
| products = Banking
| revenue = {{profit}} US$ 3.1 billion (2017)
| net_income = {{increase}} US$ 602.8 million (2017)
| assets = {{profit}} US$ 54.0 billion (2018)|
| subsid = City National Bank of Florida
| homepage = [http://www.bci.cl www.bci.cl]|
}}
Banco de Crédito e Inversiones S.A. (BCI) is a Chilean bank specializing in savings & deposits, securities brokerage, asset management and insurance. BCI was the Latin American partner for Bear Stearns. 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.{{cite news|title=4 More Bomb Blasts in Chile by Terrorists|url=https://www.newspapers.com/image/32360731/?terms=Yarur|access-date=1 January 2017|work=The Bridgeport Telegram|date=5 October 1970|location=Bridgeport, Connecticut|page=22|via=Newspapers.com|url-access=registration |quote=One bomb wrecked the entrance of a bank branch of the Banco de Credito e Inversiones, property of the wealthy Arab-Chilean Yarur family.}} The current president, Luis Enrique Yarur Rey, is a third-generation member of the Yarur family.{{cite journal|last1=Baeza|first1=Cecilia|title=Les identités politiques à l'épreuve de la mobilité. Le cas des Palestiniens d'Amérique latine|journal=Raisons Politiques|date=2006|volume=21|issue=1|pages=77–95|doi=10.3917/rai.021.0077|via=Cairn.info|quote=La BCI (Banco de Créditos e Inversiones), est ainsi la seule parmi les plus importantes banques du pays, a être encore entre les mains de la famille fondatrice : créée en 1937 par Juan Yarur Lolas, la BCI est aujourd’hui dirigée par Luis Enrique Yarur Rey, troisième génération du clan.}}
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, Florida based City National Bank of Florida for $882 million from Spanish lender Bankia. City National has 26 branches in South Florida and Orlando.[Banking on U.S. Growth]; Chile's Bci makes a big push into Florida August 2013 Florida Trend
== References ==
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{{IPSA companies}}
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Category:Banks established in 1937
Category:Chilean companies established in 1937
Category:Companies based in Santiago, Chile
Category:Companies listed on the Santiago Stock Exchange
Category:Companies in the Índice de Precio Selectivo de Acciones
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