Stock Exchange awarded BancoEstado Brokers as the best of 2010
BancoEstado Brokers had the first place in Financial Intermediation instruments, with 22% market share, and fixed income instruments, with 20% of the total. This subsidiary traded the largest amounts of stock exchange operations last year, reaching a positive 18% of total stock market.
Regarding the importance of both awards, Segismundo Schulin-Zeuthen, Chairman of the bank, stressed that "this distinction is a tremendous award for the brokerage’s work and a great satisfaction for the Bank, because we are the leaders in two of the three markets in which we operate. " He said the challenge is to increase equity.”We still have room to grow in this market, allowing people to enter even with low amounts, similar to what is done with mutual funds, because this way we also promote bankarization, "he said.
On this matter, Jorge Ramirez said that during 2011 they expected to maintain good results in the two markets leaded by BancoEstado Brokers and to make substantial improvements in equity. "Our goal is to triple the volumes traded, from 34 thousand to 100 billion in equities. To achieve this, we are working on multi-channels, starting with the development of a very powerful website. Today, 30% of transactions are made by this channel, "said the Executive.