The Chilean domestic banking market is currently led by Banco Santander-Chile <STG.SN > and Banco de Chile. China Construction Bank has won approval by Chile's bank regulator to start operating in the country, thereby making it the first clearing bank for the yuan in the region which will help to boost the use of the yuan currency in Latin America. The bank, whose headquarters are located at a building on Avenida de la Republica, is expected to open its doors next year.
China Construction Bank has won approval by Chile's bank regulator to start operating in the country, thereby making it the first clearing bank for the yuan in the region which will help to boost the use of the yuan currency in Latin America. The bank, whose headquarters are located at a building on Avenida de la Republica, is expected to open its doors next year.