Banco de Chile(US:BCH)2024-08-02 16:49Economic & Banking Industry Overview - The Chilean economy shows positive trends, with trade balance and monthly GDP growth[3,4] - Inflationary persistence is higher than expected[13] - Banco de Chile forecasts GDP growth of 2.4% for 2024, with CPI at 4.3% and overnight rate at 5.5%[14] - The banking industry shows positive results despite subdued loan growth[18] Strategic Priorities and Advances - Banco de Chile focuses on sustainability, digital banking, and efficiency & productivity[27,28,29] - The bank's Net Promoter Score reached 76.3% in June 2024, exceeding the target of ≥73%[28] Q2 2024 Financial Results - Banco de Chile demonstrates consistent market leadership in profitability[31,33] - The bank's ROAE was 24.6% in 2Q24[37] - Net Interest Margin (NIM) was 5.0% in 2Q24[41] - The bank maintains a strategically balanced loan portfolio across economic sectors[46] - Total loans grew by 5.5% year-over-year[48] - The Liquidity Coverage Ratio (LCR) was 256% in June 2024, above the regulatory limit of 100%[55] - The bank's CET1 ratio was 13.79% in June 2024[65] - Cost of Risk was 1.00% in 2Q24[67] - Net Income for the Period attributable to Equity Holder was 323.6 Billion MCh$[93]