Jaime Estevez Valencia - Independent Director of Banco De Chile

Jaime Estevez Valencia

Independent Director since 2011

Total compensation: $160,000,000

Jaime Estevez Valencia has served as Independent Director of Banco de Chile since March 17, 2011 and he joined the Bank's Board on March 27, 2007. He has acted as Member of the Company’s Directors and Audit Committee since April 12, 2007. In addition, he acted as Member of the Board of Directors of Endesa Chile and Chairman of the Board of Directors of Cruzados SADP. Previously, he served as Chairman of the Board of Banco Estado. Additionally, he has served as Director on the Board of Directors of AFP Provida and AFP Proteccion. He served as Minister of Public Works from January 2005 to March 2006, and as Minister of Transportation and Telecommunications also from January 2005 to March 2006. He also acted as Congressman from March 1990 to March 1998 and President of the Lower Chamber of Congress from March 1995 to November 1996. He holds a Bachelors degree in Economics from Universidad de Chile.

Banco de Chile provides various banking products and services to individuals, corporate clients, large companies, and small and medium-sized companies in Chile and internationally. The company operates through four segments: Retail, Wholesale, Treasury, and Subsidiaries. It offers checking accounts; personal, car, and mortgage loans; credit cards; credit lines; and investment products, such as fixed-term, automatic renewal, and tax benefit deposits, as well as stocks, portfolio management, voluntary retirement savings/mutual funds, foreign currency, and fixed income investment products. The company also provides insurance products and trust commissions, as well as financial consultancy services related to mergers and acquisitions, liabilities financing and restructuring, capital contribution, bonds and stocks emissions, and international business. In addition, it offers debt instruments; derivative contracts; and liquidity management, currency trading, foreign exchange transaction, international and treasury banking, securities brokerage, mutual fund and investment management, and securitization services, as well as payment management and collection services. Further, the company provides financing for importers and exporters; and factoring, leasing, express payment, electronic banking, and online payment services. It operates a network of approximately 423 branches and 1,453 ATMs. Banco de Chile was founded in 1855 and is headquartered in Santiago, Chile.