Chilean banks closed 95 branches between 2013 and 2017, or 4.2% of all branches, according to data from financial regulator SBIF, La Tercera reported.
The total of number of branches shrunk from 2,281 to 2,186 in the period, with the metropolitan area of the capital Santiago seeing the biggest downsizing, according to the publication.
Banco de Chile and Banco Santander Chile are among the banks that closed the most branches, with Banco de Chile reducing its number of branches to 396 from 428 in December 2013 to December 2017. During the same period, Santander's branches were reduced to 369 from 431, the report noted.
Meanwhile, Banco del Estado de Chile was the bank that had the most growth in its branch network, starting with 359 branches in 2013 and ending with 408 in 2017.
