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Financial Data and Key Metrics Changes - Banco de Chile reported a net income of CLP 1,207 billion for 2024, achieving a return on average capital of 23.1%, significantly higher than the local industry average of 15.8% [5][46]. - The bank's net income for Q4 2024 reached CLP 298 billion, reflecting a 3.5% increase from the previous quarter [45]. - Operating revenues experienced a 10% decline quarter-on-quarter but showed a 1.9% annual increase for the full year [47]. Business Line Data and Key Metrics Changes - The retail loan portfolio now represents 65% of the total loan book, while wholesale commercial loans account for 35% [56]. - Consumer loans grew by 4.6% year-on-year, contributing over 90% to the total rise in loan income, while mortgage loans increased by 7.4% [50]. - Commercial loans saw only a 0.6% increase, with SME segments growing by 2.6% [51]. Market Data and Key Metrics Changes - The Chilean economy expanded by 2.5% in 2024, recovering from a mere 0.2% growth the previous year [8]. - The unemployment rate decreased from an average of 8.6% in 2023 to 8.5% in 2024, driven by a 2.9% year-on-year increase in total employment [12]. - The Chilean peso depreciated by 13% in 2024, averaging CLP 944 per dollar, impacting inflation and trade balance positively [16][17]. Company Strategy and Development Direction - Banco de Chile aims to be the most profitable and sustainable bank among its peers, targeting a long-term return on average capital of around 18% [30][80]. - The bank is focusing on customer satisfaction, efficiency, and sustainability, with significant investments in digital banking and customer experience [30][36]. - The bank has launched new digital accounts and payment processing solutions to enhance its service offerings [38]. Management Comments on Operating Environment and Future Outlook - Management expects the Chilean economy to grow by 2% in 2025, driven by positive dynamics in exports and domestic demand recovery [18][79]. - Inflation is anticipated to remain above long-term levels, with a forecast of 3.8% for the year [21]. - The bank's strong fundamentals and capital base position it well to navigate potential economic challenges [92][80]. Other Important Information - The bank's liquidity coverage ratio was 214%, significantly exceeding regulatory requirements, indicating strong liquidity management [62]. - The expected credit losses decreased by 19% year-on-year in Q4 2024, reflecting improved asset quality [69][72]. - Operating expenses for Q4 2024 totaled CLP 303 billion, down 4.9% from the previous year, demonstrating effective cost control measures [75]. Q&A Session Summary Question: Political environment and potential candidates - Management highlighted the uncertainty surrounding the upcoming elections and the importance of increasing growth capacity in Chile, with a focus on reducing bureaucracy and implementing pension reforms [86][94]. Question: Non-interest income growth expectations - Management indicated that customer growth is a key driver for fee growth, with expectations for mid to high single-digit growth in 2025 [97]. Question: ROE guidance and capital levels - Management confirmed that the 18% ROE guidance is conservative, considering current capital levels and potential economic conditions [116][118]. They emphasized the importance of maintaining a strong capital base to support future growth [121].

Earnings Presentation Full Year 2024 & 4Q24 1. Among peer banks: Santander Chile, BCI, Itaú Chile, Scotiabank. 2. Cuenta FAN, FAN Clan and FAN Emprende.²3. According to Procalidad. 4. Source: Adimark. 2 Economic & Banking Industry Overview 1 GDP growth continues improving February 13th, 2025 2024: Another Successful Year #1 Best Bank to work in Chile #2 Best Corporate Reputation Merco Chile #1 Bank in Customer Satisfaction Procalidad Bank of the Year Innovative Digital Banking Best Bank for Inclusion Best B ...

CONSOLIDATED FINANCIAL STAXTEMENTS for the years ended December 31, 2024 and 2023 Exhibit 99.1 BANCO DE CHILE AND SUBSIDIARIES (Free translation of Consolidated Financial Statements originally issued in Spanish) INDEX | I. | Consolidated Statements of Financial Position | | | --- | --- | --- | | II. | Consolidated Statements of Income | | | III. | Consolidated Statements of Other Comprehensive Income | | | IV. | Consolidated Statements of Cash Flows | | | V. | Consolidated Statements of Changes in Equity | ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 17th:Banco De Chile (BCH) : This banking company which is principally engaged in commercial banking in Chile, providing general banking services to a diverse customer base that includes large corporations, small and mid-sized businesses and individuals, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.8% over the last 60 days.This Zacks Rank #1 (Strong Buy) comp ...

I last wrote a report on Banco de Chile (NYSE: BCH ) in April 2023, wherein I adopted a buy rating. Since then, the stock has given a remarkable total return of 23% to investors. I’ve decided to maintain the buy rating becauseAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it ...

Banco de Chile (NYSE:BCH) Q3 2024 Earnings Conference Call November 8, 2024 10:30 AM ET Company Participants Rodrigo Aravena – Chief Economist and Institutional Relations Officer Pablo Mejia – Head-Investor Relations Daniel Galarce – Head-Financial Control and Capital Conference Call Participants Yuri Fernandes – JPMorgan Andres Soto – Santander Operator Good afternoon and welcome to Banco de Chile's Third Quarter 2024 Results Conference Call. If you need a copy of the management financial review, it is ava ...

| --- | --- | --- | --- | --- | --- | --- | |-------|-------|----------------------|-------------------|--------------|-------|-------| | | | 3Q24 November 8 th | Earnings , 2024 | Presentation | | | | | | | | | | | | | | | | | | | 1 Economic & Banking Industry Overview O The economy continues to normalize… Trade Balance Chile's GDP Growth USD Bn, LTM YoY, % 6.3% 4.4% 7.2 2.5 1.2 3.7 9.1 12.4 15.3 15.3 15.5 17.8 20.1 0.5% 0.3% -0.4% 0.6% 0.4% 2.5% 1.6% 2.2% -2.3% Labor Market % Mar-22Jun-22Sep-22Dec-22Mar-2 ...

Exhibit 99.1 B BANCO DE CHILE AND SUBSIDIARIES (Free translation of Consolidated Financial Statements originally issued in Spanish) INDEX | --- | --- | --- | |-----------------|-----------------------------|-------------------------------------------------------------------| | | | | | Interim Interim | Consolidated Consolidated | Statements of Financial Position Statements of Income | | Interim | Consolidated | Statements of Other Comprehensive Income | | Interim | Consolidated | Statements of Cash Flows | ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, September 24th:Cool Company Ltd. (CLCO) : This operator of LNG carriers has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.1% over the last 60 days.This Zacks Rank #1 company has a dividend yield of 14.8%, compared with the industry average of 3.4%.CTO Realty Growth, Inc. (CTO) : This publicly traded real estate investment trust has witnessed the Zacks ...