Banco de Crédito e Inversiones (SNSE:BCI) is seeking mergers and acquisitions. During the company's first quarter 2021 earnings conference call, Mr. Jose Marina, CNB CFO, said that ‘In terms of M&A, that's always something that we have our radar on. Obviously, we have a strong history of strong organic growth. However, we will maintain our eye on opportunities that may arise as we did by closing the Executive National Bank deal in the past year and TotalBank 2 years before that. So complementing our organic growth with opportunistic M&A will continue to be part of our strategy going forward’.
Banco de Credito e Inversiones is a Chile-based financial institution (the Bank) engaged in the banking sector. The Bank's activities are divided into six segments: Retail banking, which offers current accounts, credit cards, personal loans and insurance products, among others, to individuals; Small and medium-sized enterprises, which provides financing, cash management, factoring and leasing, among others, to microenterprises and companies; Commercial banking, which includes services rendered to corporations, such as real estate and leasing companies; Corporate & Investment Banking Commercial Division, which provides investment solutions to large corporations, financial institutions and high net worth investors; Corporate & Investment Banking Finance Division, which offers sales and trading solutions to institutional investors, and BCI Financial Group, which includes operations of City National Bank of Florida in Chile. The Bank is controlled by Empresas Juan Yarur SAC.