Banco de Chile, which last week announced plans to sell $500 million in new shares, may expand its lending by 45 percent in the next three years, Chairman Pablo Granifo told El Mercurio.
A private investment fund led by Chilean broker and asset manager Larrain Vial SA agreed to pay about $500 million for all of local health insurer and medical services company Colmena Golden Cross SA, El Mercurio said.
Chilean central bank President Jose De Gregorio said policy makers may need to revise the nation’s 2012 growth estimate because of Europe’s debt crisis, El Mercurio reported today on its website.
SM-Chile SA , the holding company for Chile’s second-largest lender, may prepay by 17 years its subordinated debt with the central bank, El Mercurio reported.
Chile’s government approved the first phase of coal mining project in Isla Riesco, newspaper El Mercurio reported on its online edition, citing Environment Minister, Maria Ignacia Benitez.