The Tier 1 Capital ratio is a measure of a bank’s financial strength. The Top 10 Banks of Chile based on this measure as of December , 2011 are listed below:
|1||Banco Santander Chile|
|2||Banc o de Chile|
|3||Banco de Credito e Iversiones (BCI)|
|10||JP Morgan Chase Bank Chile|
Source: Top Latin American Banks by Country, The Banker
Scotiabank Chile is a subsidiary of Bank of Novo Scotia (BNS) of Canada. BBVA Chile is the subsidiary of the Spanish banking group Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) and JP Morgan Chase Bank Chile is part of the U.S. super-bank JP Morgan Chase Bank (JPM).
Disclosure: Long BNS, BBVA