As per the report issued by the Superintendency of Banks and Financial Institutions (SBIF) this Monday, BancoEstado is the leading banking institution in the amount of clients with password to access their website to make transactions. As of June 2010, the national banking system recorded 2.779.922 clients online; 916.378 are from BancoEstado, which ranks it with the 33% of clients nationwide.

Hernán Saavedra, E-Channels Manager of BancoEstado mentioned that the bank has done many efforts to strengthen the digital banking system. As a result, today the bank surpasses in 50% Banco Santander, which is ranked in second place with 624.129 clients, followed by Banco de Chile with 400.235 clients. Those figures of BancoEstado’s activity are similar to the ones showed by large Latin American banks as Banamex (Mexico), Santander Rio (Argentina), Banco Real (Brazil), Unibanco (Brazil) and Banco de Venezuela.

According to the report issued by the SBIF, companies from the national banking system have experienced an increase in their electronic operations, with a two million users increase from June 2000, with only 219 thousand ciber-clients. Nowadays there are about three million clients operating through internet.

Thus, compared to on-site transactions, internet transactions have shown an increasingly relevant role thanks to the impact of internet access and use amongst Chilean people. According to the SBIF, in June 2010 online banking transactions reached 145 millions.