Quarterly ResultJul 31, 2026, 06:56 AM
Banco de Chile 2Q26 Net Income +28.1% to Ch$390.6B
AI Summary
Banco de Chile reported a strong second quarter 2026, with Net Income increasing 28.1% year-over-year to Ch$390.6 billion and Operating Revenues rising 20.9% to Ch$922.0 billion. However, Expected Credit Losses saw a significant 71.4% increase to Ch$165.1 billion. The bank continued to advance its digital offerings, launching new functionalities for personal banking and SMEs, and formed strategic alliances. It also received an MSCI ESG rating upgrade and was recognized as the 'Best Bank in Chile' by Global Finance, despite a challenging economic environment.
Key Highlights
- Net Income for 2Q26 increased 28.1% YoY to Ch$390.6 billion.
- Operating Revenues for 2Q26 rose 20.9% YoY to Ch$922.0 billion.
- Expected Credit Losses for 2Q26 surged 71.4% YoY to Ch$165.1 billion.
- Year-to-date 2026 Net Income grew 4.0% to Ch$659.2 billion.
- Cost-to-Income Ratio was 34.5%, outperforming the target of <= 40.0%.
- Total active customers reached 2.9 million, up 2.6% from December 2025.
- MSCI ESG Rating upgraded from BBB to A in March 2026.
- Recognized as "Best Bank in Chile" 2026 by Global Finance.
Price Impact
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