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Banco de Credito e Inversiones
Banco de Credito e Inversiones is Chilean bank specializing in savings & deposits, securities brokerage, asset management and insurance. BCI is the Latin American partner for Bear Stearns. 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 de Chile and the State BancoEstado.
BCI is a member of the International Confederation of Popular Banks (CIBP), international organization based in Brussels that brings together cooperative banks worldwide.
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This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article Banco de Credito e Inversiones
