The following companies are considered “Associates” in which the Bank accounts for its participation using the equity method:
| Percentage of ownership share | |||||||||
| As of December 31, | |||||||||
| Place
of Incorporation and operation |
2017 | 2016 | 2015 | ||||||
| Associates | Main activity | % | % | % | |||||
| Redbanc S.A. | ATM services | Santiago, Chile | 33.43 | 33.43 | 33.43 | ||||
| Transbank S.A. | Debit and credit card services | Santiago, Chile | 25.00 | 25.00 | 25.00 | ||||
| Centro de Compensación Automatizado | Electronic fund transfer and compensation services | Santiago, Chile | 33.33 | 33.33 | 33.33 | ||||
| Sociedad Interbancaria de Depósito de Valores S.A. | Delivery of securities on public offer | Santiago, Chile | 29.29 | 29.29 | 29.29 | ||||
| Cámara Compensación de Alto Valor S.A. | Payments clearing | Santiago, Chile | 15.00 | 14.93 | 14.23 | ||||
| Administrador Financiero del Transantiago S.A. | Administration of boarding passes to public transportation | Santiago, Chile | 20.00 | 20.00 | 20.00 | ||||
| Sociedad Nexus S.A. | Credit card processor | Santiago, Chile | 12.90 | 12.90 | 12.90 | ||||
| Servicios de Infraestructura de Mercado OTC S.A. | Administration of the infrastructure for the financial market of derivative instruments | Santiago, Chile | 12.07 | 12.07 | 11.11 | ||||