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4 Chilean banks improve efficiency metrics in 2016

Scotiabank Chile, Banco BICE, Banco Consorcio and Banco del Estado de Chile recorded the best efficiency metric improvements in Chile in 2016, Diario Financiero reported, citing data from the country's banking regulator SBIF.

Scotiabank improved its operational efficiency ratio to 56.47% in October from 60.53% a year earlier, an improvement of 4.06 percentage points. Bice and Consorcio reached improvements of 2 percentage points, followed by Banco del Estado, with an improvement of 1.72 percentage points in the period, the report said.

On the other hand, Banco Security SA and BBVA reportedly saw their efficiency ratios deteriorate by 14.09 percentage points and 9.56 percentage points, respectively, in the 12-month period through October.

In terms of ROE, Banco Internacional SA, Scotiabank and Bice saw an increase of 9.25 percentage points, 5.44 percentage points and 1.75 percentage points, respectively, while Banco de Credito e Inversiones SA, BBVA and Banco Falabella recorded lower ROE ratios in the period, the publication noted.

Meanwhile, Internacional, Consorcio, Chile and Security improved their Basel ratios by a range between 1.4 percentage points and 2 percentage points as of Sept. 30, the report said.