History of Deutsche Bank in Chile
Deutsche Bank was founded in Berlin to promote and facilitate trade relations between Germany and international markets.
Deutsche Bank participated in the underwriting of a Chilean gold loan. The bank continued to be very active in business with the Chilean government until the First World War.
Deutsche Ueberseeische Bank, founded in 1886 in Berlin as a subsidiary of Deutsche Bank, opened a branch in Valparaiso under the name Banco Aleman Transatlántico.
The expansion of the branch network in Chile started in Iquique. Further branches followed in Santiago de Chile (1897), Concepción (1898), Valdivia (1898), Antofagasta (1900), Osorno (1904), Puerto Montt (1906), Temuco (1907), and Arica (1912).
The branches in Osorno and Arica were closed.
Deutsche Bank merged with Disconto-Gesellschaft, whose subsidiary Banco de Chile y Alemania had been active in Chile since 1896.
The Iquique branch was closed.
All branches of Banco Alemán Transatlántico were closed and liquidated by the Chilean government.
Opening of a common representative office of Deutsche Bank und Deutsche Ueberseeische Bank in Santiago de Chile.
Deutsche Ueberseeische Bank was incorporated into Deutsche Bank. The representative office continued as one of Deutsche Bank.
After the merger with Bankers Trust Deutsche Bank was granted a banking license in Chile.
