Spanish Bank Opens in Chile

CaixaBank has opened a representative office in Chile, the Spanish bank’s first in Latin America. The office will help support Spanish companies doing business there and also Chilean companies doing business in Spain, says a person familiar with Caixa’s plans. In terms of other Latin American involvement, Caixa has a partnership and 20% stake in Inbursa in Mexico. Its next step will likely be a move into Colombia, the person adds.