Chile's largest banks: ranking by assets, loans and profits

Among Chile's banks, the largest by assets is Bci, with CLP 90.9 trillion as of September 30, 2026, followed by Santander (CLP 78.1 trillion), BancoEstado (CLP 63.1 trillion), Banco de Chile (CLP 55.9 trillion) and Itaú (CLP 52.3 trillion), according to the Financial Market Commission (CMF). On profits the order changes: Banco de Chile earned CLP 946.9 billion between January and September, ahead of Santander and Bci.

This ranking uses the CMF's latest monthly report, with the consolidated financial statements of the 17 banks operating in Chile. Figures are in nominal Chilean pesos; one trillion is a million million. If you are looking for a particular bank, the searchable table below includes them all.

The six largest banks hold 85.4% of system assets. Bci accounts for 20.1%, Santander 17.3% and BancoEstado, the only state-owned bank, 13.9%. Further down is Bice (CLP 22.3 trillion), which grew after absorbing Banco Security on November 1, 2025.

Source: CMF (Chile's Financial Market Commission), Monthly Financial Information Report of the Banking System, September 2026. Consolidated balance sheets; total deposits include demand and time deposits.

Loans are credit to companies and households (commercial, consumer and mortgage). Bci also leads here with CLP 62.3 trillion (21.5% of the total), followed by Santander (14.8%), Banco de Chile (14.3%) and BancoEstado (13.8%). According to the CMF, system loans grew 0.93% in real terms over twelve months, driven by the commercial portfolio (+1.57%), while consumer lending kept falling (CMF press release).

Between January and September 2026 the banks earned CLP 4,345 billion (profit attributable to owners), equivalent to US$4,616 million according to the CMF, up 2.78% in real terms over twelve months. Banco de Chile leads with CLP 946.9 billion, followed by Santander (CLP 892.8 billion) and Bci (CLP 872.7 billion). Those three banks account for 62.4% of system profits.

On return on average equity (12-month ROAE), the highest are Banco Falabella (28.18%), Santander (23.75%) and Banco de Chile (21.19%), against 15.07% for the system. Itaú shows an ROAE of 5.85%, the lowest among the large banks. System delinquency of 90 days or more rose to 2.36% in September.

The table includes the 17 banks supervised by the CMF as of September 2026. It can be sorted by any column and searched by name.

Source: CMF (Chile's Financial Market Commission), Monthly Financial Information Report of the Banking System, September 2026 (Excel file). The CMF reports no ROAE for Tanner Banco Digital. Investment banks and foreign branches (JP Morgan, HSBC, Bank of China, China Construction Bank) barely lend to individuals, which is why their delinquency is zero.

The big six (Bci, Santander, BancoEstado, Banco de Chile, Itaú and Scotiabank) hold 85.4% of assets, 86.1% of loans, 85.5% of deposits and 83.4% of profits. In deposits the order changes: BancoEstado holds CLP 37.0 trillion, second only to Bci (CLP 51.8 trillion) and ahead of Santander (CLP 33.3 trillion).

Among the mid-sized banks, Bice, Consorcio, BTG Pactual and Internacional have CLP 50.3 trillion in combined assets and lean more toward companies and investments. The retail banks, Banco Falabella and Banco Ripley, are small by assets (CLP 9.5 trillion combined) but very profitable: Banco Falabella earned CLP 191.1 billion in nine months, more than Itaú. The system is rounded out by four foreign banks focused on corporates (JP Morgan, HSBC, Bank of China and China Construction Bank) and Tanner Banco Digital, which lost CLP 13.3 billion in the period.

Source: CMF (Chile's Financial Market Commission), Monthly Financial Information Report of the Banking System, September 2026. Grouping by Pauta Financiera based on each bank's size and business focus.

In December 2019 Santander was Chile's largest bank by assets (CLP 50.6 trillion), just ahead of Bci (CLP 50.3 trillion). Bci overtook it in 2020 and has widened the gap since. Itaú changed its name in March 2023 (formerly Itaú Corpbanca, SEC filing) and Bice nearly doubled its assets in 2025 after merging with Security. Figures are nominal, so part of the growth reflects inflation.

Source: CMF, total assets in nominal CLP trillion. Itaú includes Itaú Corpbanca up to 2022.

• Size is not the same as cost: the ranking measures assets and profits, not fees or rates. For a loan, what you compare is the CAE (annual equivalent cost) and the total cost.
• Rates depend on the cycle: with inflation above target, the Central Bank held its policy rate at 4.5%; see our piece on Chile's CPI and inflation in 2026.
• All banks are supervised by the CMF, which publishes their financial statements every month.
• Delinquency says something about the customer base: retail banks (Ripley, Falabella) and BancoEstado lend to riskier segments, and that shows in their ratios.

Several of these banks are backed by family groups. According to Forbes, Luis Enrique Yarur Rey chairs Bci, a bank his family founded in 1937, and the Luksic family holds a majority of Quiñenco, a conglomerate active in banking. Both appear on the list of Chile's richest people according to Forbes.

Banks also issue many of the deposits and bonds that pension funds invest in; see AFP pension fund returns in 2026. This information is journalistic and educational, not financial advice. Check the terms and total cost (CAE) with the institution before signing up.

What is the largest bank in Chile?

By assets and by loans, Bci, with CLP 90.9 trillion in assets as of September 2026, according to the CMF.

Which bank earns the most in Chile?

Banco de Chile, with CLP 946.9 billion in profit between January and September 2026.

How many banks are there in Chile?

The CMF reports 17 banks as of September 2026, including foreign-bank branches and subsidiaries with no significant retail network.

Is BancoEstado the largest bank?

No. It is third by assets (CLP 63.1 trillion) and fourth by loans, and it is the country's only state-owned bank.