Banco del Estado de Chile said it opened a new branch in Punitaqui, a town in Chile's Limarí Province.

The launch of the branch is part of the bank's plan to open new points of service that empower municipal offices.

The Punitaqui branch will offer multiple banking services including consumer loans, business mortgages and loans, foreign currency exchanges and savings accounts.

As a result, BancoEstado now has 392 branches nationwide.