Chile · Financial institution
Scotiabank Chile
Scotiabank Chile is a Chilean bank with its head office at Avenida Costanera Sur 2710, Las Condes, Santiago. The Bank of Nova Scotia holds 99.80% of the bank through Nova Scotia Inversiones Limitada. It describes itself as a universal bank serving individuals, SMEs, companies and corporate clients. It also controls 51% of the CAT card business run jointly with Cencosud. The bank was founded in 1944 as Banco Sud Americano and took the name Scotiabank Chile when Banco del Desarrollo merged into it in November 2009. BBVA Chile was merged into it after July 2018.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- BKSACLRMXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under BKSACLRM directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- 4 branch codes
- BIC first registered
- 1981-06-01
- Last updated
- 2024-07-08
Overview
Researched 29 Sep 2026 · Sources
Ownership
Group subsidiary
99.8% Nova Scotia Inversiones Limitada
Institution type
Universal bank
Trades as Scotiabank
- Ownership
- The Bank of Nova Scotia holds 99.80% through Nova Scotia Inversiones Limitada, and minority shareholders hold the remaining 0.20%.
- Direct parent
- Nova Scotia Inversiones Limitada, Chile 99.8%
- Ultimate owner
- The Bank of Nova Scotia, Canada
- Head office
- Avenida Costanera Sur 2710, Torre A, Las Condes, 7550000 Santiago, Chile
- Company register
- RUT 97.018.000-1
- Former names
- Scotiabank Sud Americano · Banco Sud Americano
Business lines
According to its June 2026 management commentary, housing loans make up about 45% of the loan book, commercial loans about 40% and consumer loans about 15%. Consumer lending includes cards issued through the CAT joint venture with Cencosud.
Online
- Websites & references
- scotiabankchile.cl ↗
scotiabank.cl ↗ online banking login domain
Wikipedia ↗ - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗ · YouTube ↗
Sources · 11 pages consulted
- scotiabankchile.cl/investor-relations/investor-relations-english/directors
- scotiabankchile.cl/investor-relations/investor-relations-english/ownership-structure
- scotiabankchile.cl/investor-relations/investor-relations-english/financial-statements
- cdn.aglty.io/scotiabank-chile/scotiabankpdf/Management-Commentary-Scotia-Chile-Q2-2026-Ingles.pdf
- scotiabankchile.cl/investor-relations/investor-relations-english/history
- scotiabankchile.cl/codigo-swift-scotiabank
- cmfchile.cl/portal/prensa/615/w3-article-91274.html
- cmfchile.cl/portal/prensa/615/w3-article-73346.html
- cronologiabancaria.cmfchile.cl/sbifweb/servlet/CronologiaBancaria?indice=8.9&Eventoid=11000000000002045
- scotiabankchile.cl/informacion/salvador-said-asume-como-presidente-directorio
- es.wikipedia.org/wiki/Scotiabank_(Chile)
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
-
Diego Masola
EVP & Country Head
- Chair
-
Salvador Said Somavía
President of the Board of Directors
- Chief financial officer
-
Luis Álvarez
SVP & CFO
- Executive
-
Pablo Chiesa
Chief Risk Officer
- Executive
-
Cristián Fernández
Vice President, Compliance & AML Chile & Uruguay
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- Chile
- Financial Market Commission (Comisión para el Mercado Financiero, CMF) Prudential supervisorConductSecuritiesAML supervisorResolution
- Chile
- Central Bank of Chile (Banco Central de Chile) Central bankForeign exchange
Recent events 2 enforcement or investigation items
Researched 29 Sep 2026 · Sources
-
Other
The CMF confirmed that the bank remains designated a systemically important bank, with a systemic buffer of 1.25%.
cdn.aglty.io ↗ -
Other
The CMF cut the bank's additional Pillar 2 capital charge from 0.25% to 0%, effective June 2026.
cdn.aglty.io ↗ -
Enforcement
The CMF fined the bank UF 400 for charging late-payment interest in breach of article 16 of Law 18,010.
cmfchile.cl ↗ -
Other
The bank privately issued USD 700 million of perpetual Additional Tier 1 bonds, which were acquired by an entity of The Bank of Nova Scotia.
cdn.aglty.io ↗ -
Enforcement
The CMF fined the bank UF 100 for failing to send the Public Prosecutor's Office complete client banking records on time.
cmfchile.cl ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- BKSACLRMXXX
- How the BIC breaks down
- BKSABank
- CLCountry · Chile
- RMLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 54930018SOOHBHRLWC16
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- Chile · Latin America & Caribbean
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
- Ultimate parent
- The Bank of Nova Scotia · CanadaL3I9ZG2KFGXZ61BMYR72 ↗
The The Bank of Nova Scotia group has 31 institutions in the directory, in 22 countries: all hold a BIC.
Including Scotiabank (Ireland) Designated Activity Company, The Bank of Nova Scotia, Bank of Nova Scotia, Scotiabank Inverlat, S.A. Institucion de Banca Multiple, The Bank of Nova Scotia.
See the The Bank of Nova Scotia group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- EDIFICIO PARQUE TITANIUM TORRE A FLOOR 10 2710 AVENIDA COSTANERA SUR SANTIAGO CHILE
- Operational address
- EDIFICIO PARQUE TITANIUM TORRE A FLOOR 10 AVENIDA COSTANERA SUR 2710 SANTIAGO SANTIAGO POB 90D CHILE
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>BKSACLRMXXX</BICFI>
<LEI>54930018SOOHBHRLWC16</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>BKSACLRMXXX</BICFI>
<LEI>54930018SOOHBHRLWC16</LEI>
<Nm>SCOTIABANK CHILE</Nm>
<PstlAdr>
<TwnNm>SANTIAGO</TwnNm>
<Ctry>CL</Ctry>
<AdrLine>EDIFICIO PARQUE TITANIUM TORRE A FLOOR 10 2710 AVENIDA COSTANERA SUR</AdrLine>
<AdrLine>SANTIAGO</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Network
Branch network
All 4 branch BICs connect to the head office. No city, function or registration year splits them into groups.
Hover over a branch or group to see its details
Branch codes
| BIC | Branch | City | Address | LEI | Updated |
|---|---|---|---|---|---|
| BKSACLRM055 | — | Santiago | MORANDE 226 FLOOR 4 SANTIAGO SANTIAGO POB 90D CHILE | — | 2024-07-08 |
| BKSACLRM061 | — | Valparaiso | VALPARAISO VALPARAISO CHILE | — | 2024-07-08 |
| BKSACLRM064 | — | Arica | 21 DE MAYO 187 ARICA ARICA CHILE | — | 2024-07-08 |
| BKSACLRM068 | — | Concepcion | O'HIGGINS 487 CONCEPCION CONCEPCION POB 2757 CHILE | — | 2024-07-08 |
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: scotiabankchile.cl (official website) · original; Diego Masola: scotiabankchile.cl (official website) · original; Salvador Said Somavía: scotiabankchile.cl (official website) · original; Luis Álvarez: scotiabankchile.cl (official website) · original; Pablo Chiesa: scotiabankchile.cl (official website) · original; Cristián Fernández: scotiabankchile.cl (official website) · original.
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