We are the largest bank in Chile in terms of total assets and loans.
Banco Santander Chile is the largest Bank in Chile in terms of assets, loans and equity. As of December 31, 2016, we had total assets of Ch$37,006,645 million (U.S.$55.6 billion), outstanding loans net of allowances for loan losses of Ch$26,113,485 million (U.S.$39.2 billion), total deposits of Ch$20,691,024 million (U.S.$ 31.1 billion) and equity of Ch$2,898,047 million (U.S.$4.4 billion). Our headquarters are located in Santiago and we operate in every major region of Chile. Our long-term credit risk rating are Aa3 by Moody's, A+ Fitch and A Standard & Poor's.
We provide a broad range of commercial and retail banking services to our customers, including Chilean peso and foreign currency denominated loans to finance a variety of commercial transactions, trade, foreign currency forward contracts and credit lines and a variety of retail banking services, including mortgage financing. We seek to offer our customers a wide range of products while providing high levels of service. In addition to our traditional banking operations, we offer a variety of financial services, including financial leasing, financial advisory services, mutual fund management, securities brokerage, insurance brokerage and investment management.