trending Market Intelligence /marketintelligence/en/news-insights/trending/-Ko2pUhSki9iC_-zICHgwA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Banco de Chile reports 1.2% drop in 2016 profit

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Banco de Chile reports 1.2% drop in 2016 profit

Banco de Chile reported full-year 2016 net income attributable to the bank owners of 552.25 billion Chilean pesos, down about 1.2% from 559.00 billion pesos for full year 2015, as operating expenses and provisions ticked higher.

Net income per share came to 5.66 pesos for the whole of 2016, down from 5.73 pesos a year earlier, according to a Form 6-K filed Jan. 30.

The company did not disclose stand-alone figures for the fourth quarter of the year in the filing, but it previously reported 428.22 billion pesos in net income for the first nine months of 2016, up from 418.90 billion pesos a year ago. The figures imply that Banco de Chile's net profit for the final three months of 2016 dropped about 11.4% year over year.

Net interest income for 2016 was 1.221 trillion pesos, edging 0.2% higher from 1.219 trillion pesos in 2015. Net fees and commission income totaled 321.27 billion pesos, up 5.0% year over year from 305.98 billion pesos.

Banco de Chile's provisions for loan losses ticked up 2.2% to 309.74 billion pesos from 303.06 billion pesos year over year. Total operating expenses grew by 8.5% over the year to 788.28 billion pesos from 726.24 billion pesos.

Loans and advances made to banks reached 1.172 trillion pesos for 2016, 15.9% lower compared to 1.395 trillion pesos for 2015. Net loans to customers was up 3.4% year over year at 24.776 trillion pesos.

As of Jan. 27, US$1 was equivalent to 649.95 Chilean pesos.