Ir al contenido principal

Chilean banks won CLP $380,422 millions during the first quarter

BancosThe consolidated results of the chilean banking system (incluiding Corpbanca's investment in Colombia) reached CLP $380,422 millions during the three first months of the year 2013, acording to the information released today by the Banking and Financial Institutions' Superintendence (SBIF). This result represents a 12.84% decrease from the same period of the last year and an increase of 25.06% compared against last february.

Banco de Chile obtained the best results, winning CLP $121,470 millions, followed by Banco Santander-Chile, with a results of CLP $81,445 milliones.  In the third place was Banco de Crédito e Inversiones (BCI), which won CLP $ 54,046 during the three-months period.

The largest monthly profit is mainly explained by an increase in net interest income, lower expenses in the total provisions and higher income Net Fees, however, it showed a lower income from financial operations results and higher costs support, compared with the previous month.

Total loans of the consolidated banking sistem reached CLP $103,566,913 which represents a 11.72% increase from march, 2012 and a raise of 0.54% compared with the results of the previous month.  In this business segment, Banco de Chile obtained CLP $ 19,518,527 millions, a 18.85% of market share.  In second place, there was Banco Santander-Chile, with CLP $ 19,240, 460 millions in loans and a 18.58% of market share.

Total assets of the banking industry totalized CLP $141,834,795 millions and the total equity reached CLP $11,754,675 millions.



Comentarios

Entradas populares de este blog

Aguas Andinas' results were affected by water stoppages in January and February

Aguas Andinas ' earnings for the first quarter of 2013 reached Ch$38,205 million, 8.6% lower than the same period of the previous year, based on the information presented by the company to the Chilean Securities and Insurance Supervisor (Superintendencia de Valores y Seguros - SVS.   Acording to the analysis of the three months period ended on march, 31st, Aguas Andinas '  operating revenues amounted to CLP $108,284 million, CLP $426 million (0.4%) lower than in the previous period, due mainly to a lower sales volumes (2.9 million m3) of potable water as a result of the water stoppages in January and February 2013 caused by mudslides that fed into the Maipo river, forcing the company to stop water production. Additionally, average water consumption per customer during 1Q13 was lower compared 1Q12, as a result as a result of milder summer weather during the first months of 2013. Consolidated EBITDA for the period amounted to CLP $70,354 million, CLP $3,186 million (4.3...

Chilean Central Bank maintains the interest rate

In it's monthly monetary policy meeting, the Board of the Central Bank of Chile decided to maintain the monetary policy interest rate at 5% (annual). Acording the press release released by the organism, international financial conditions are stable. Incoming economic indicators for the United States are mixed, while the Eurozone remains in recession and in a fragile fiscal and financial situation. The Bank of Japan recently announced a substantial quantitative easing program, which has translated into a depreciation of the yen. The prices of commodities receded in recent weeks, especially for copper. About the chilean economy, the Central Bank explains that february’s activity indicator was below market expectations. The labor market is still tight and domestic demand remains dynamic. Credit conditions are somewhat more restrictive. Headline and core inflation measures are around 1% and 2% y-o-y, while inflationary expectations in the policy horizon remain around the target....