Banco Santander-Chile provides a range of general banking services to customer bases covering individuals to major corporations. The Company was formed by the merger of two Chilean banks, Santiago and Old Santander-Chile, both of which were subsidiaries of the Companys controlling shareholder, Banco Santander Central Hispano. Banco Santander-Chile and its subsidiaries offer general commercial and consumer banking services and provide other services, including factoring, collection, leasing, securities and insurance brokerage, mutual and investment funds management and investment banking. It provides its financial services to corporate and individual customers through two major business units: retail banking and wholesale banking.