trending Market Intelligence /marketintelligence/en/news-insights/trending/W5igmMA0Q3-0Re8AjfdCTw2 content esgSubNav
In This List

Chilean market sees 7% growth in banking assets for 2019

Blog

Balance Sheet Strategy in an Unusual Rate Environment

Blog

Investors' Views of the Industry Today & the Outlook for Tomorrow

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion


Chilean market sees 7% growth in banking assets for 2019

Chile banking market likely will see a moderation in asset growth in 2019, with an expected increase of about 7% amid tempering economic growth, according to estimates collected by Diario Financiero.

The most recent market survey by Banco Central de Chile predicted a median 3.60% GDP growth forecast for the year, down from 4.00% in 2018. Rising funding costs as interest rates rise also will likely temper loan growth.

Looking forward, executives cited by the daily noted that cybersecurity policies and the enactment of Chile's new banking law would set the sector's local agenda in 2019.

Stronger capital requirements derived from that law may leave banks such as Scotiabank Chile and Itaú CorpBanca with additional capital needs, while Santander Chile Holding SA, Banco de Credito e Inversiones SA and Banco de Chile would be adequately capitalized.