Quarterly ResultApr 30, 2026, 06:47 AM
BCH 1Q26 Net Income -18.3% to Ch$268.6B; Operating Revenue -3.9%
AI Summary
Banco de Chile reported a significant decline in 1Q26 net income, falling 18.3% to Ch$268.6 billion, with operating revenues also decreasing by 3.9% to Ch$748.9 billion. This was partly due to a 26.6% increase in credit loss expenses. Despite the financial downturn, the company achieved several strategic milestones, including an MSCI ESG rating upgrade to 'A', inclusion in the S&P Global Sustainability Yearbook 2026, and being named "Best Bank in Chile" 2026 by Global Finance. The bank also saw strong growth in consumer loan origination (+16%) and commercial credit origination to SMEs (+18%).
Key Highlights
- Net Income for 1Q26 decreased 18.3% to Ch$268,628 million.
- Operating Revenues for 1Q26 declined 3.9% to Ch$748,885 million.
- Credit Loss Expense increased 26.6% to Ch$114,178 million in 1Q26.
- Operating Expenses rose 2.5% to Ch$287,925 million in 1Q26.
- MSCI ESG Rating upgraded to 'A' in March 2026.
- Included in S&P Global Sustainability Yearbook 2026 for the first time.
- Consumer loan origination increased by 16% compared to 1Q25.
- Commercial credit origination to SMEs increased by 18% over 1Q25.