Banco del Estado de Chile, commercially operating under the brand BancoEstado, is the only public bank in Chile and was created by government decree in 1953. The bank offers financial services to consumers and companies, with an emphasis on national coverage in terms of geography and social sectors. The bank particularly focusses on the unbanked and small and medium enterprises. Banco del Estado is the country's largest mortgage lender and largest issuer of debit cards. The bank performs all of the Chilean government's financial activities through a single account managed by the General Treasury of the Republic of Chile.

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