...High Ratings: The three largest private-sector commercial banks in Chile Santander Chile, Banco de Chile and Banco de CrTdito e Inversiones are among the highest-rated banks in Fitch Ratings' emerging markets portfolio, with all the banks' ratings based on viability ratings. The rating of another large Chilean bank, Banco Estado, is based on the support it receives from the Chilean sovereign. Stable Business Model: The banks have historically focused on traditional commercial banking in Chile, based on their relationships with corporate and retail clients, and a stable and diversified local funding base. All these banks enjoy a solid franchise, being well diversified by segment, with market shares that exceed 10% of the total market. In addition, these banks boast a sustainable and recurring revenue structure, stable profitability and operating efficiency levels that exceed their regional peers'. Significant Track Record: Chilean banks have a track record of consistent results through...
