Cleary Gottlieb represented Banco del Estado de Chile (BancoEstado), the Chilean state-owned bank, in the update of its Luxembourg Stock Exchange medium-term note program
BancoEstado is wholly owned by the Republic of Chile and is one of the oldest financial institutions in Chile, with its predecessor starting operations in 1855. BancoEstado is also one of the largest financial institutions in Chile in terms of aggregate loans, number of customers, and geographic coverage.