Provida

Administradora de Fondos de Pensiones Provida S.A.

Industry	Pensions
Founded	(1981)
Headquarters	Santiago, Chile
Key people	Gregorio Ruiz-Esquide (CEO)
Products	Pension fund manager
Revenue	US$352.6 million (2008)
Total assets	US$33.0 billion (2008)
Parent	MetLife
Website	www.provida.cl

AFP Provida or Administradora de Fondos de Pensiones Provida (English: Pension Fund Administrator Provida) is the pension fund manager leader in the Chilean Pension Fund.^{[citation needed]}

It was founded in 1981 under the eaves of Decree Law 3.500 in Chile launched a modern private pension system with the growing 59 branches nationwide,^[1] replicated in 10 years in Latin America countries (such as Mexico, Ecuador and Dominican Republic) and also in Eastern Europe.

In 1999, AFP Provida was purchased by Spanish financial group BBVA with a whole sale of $1.54 billion.^[2]

In 2013, MetLife purchased BBVA's 64.3% stake in AFP Provida for approximately $1.54 billion.^[3]

References

This page was last edited on 14 September 2021, at 20:55