trending Market Intelligence /marketintelligence/en/news-insights/trending/5e4ip0G0pTYK1gNeqpi6zQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Doble Impacto eyes launch of Chile's first ethical bank in 2022

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Doble Impacto eyes launch of Chile's first ethical bank in 2022

Chilean financial company Doble Impacto plans to launch the the country's first ethical bank by 2022, La Tercera reported, citing Sebastián Cantuarias, the company's director.

The company will work on the bank's design this year and apply for a license in 2020.

The bank plans to focus on financing companies in its first five years of operation, the executive said. By 2027, the company looks to start offering products including mortgage loans, payment cards and the opening of current accounts.

As an ethical bank, Doble Impacto aims to support strategic economic sectors which include culture, education, tourism, housing, health and inclusion, healthy food, renewable energy and sustained production. "The ethical bank is a bet to invite people to be aware of what the bank does with their money," Cantuarias said. "The first ethic of ethical banking is with the resources of the investor," he added.

There are 54 ethical banks currently operating in the world, the publication said.