BANCO DE CRÉDITO E INVERSIONES BANCO DE CREDITO E INVERSIONES AND SUBSIDIARIES
FINANCIAL INFORMATION
As of November 30, 2023
Shown below, are the cummulative and consolidated results of the Bank and subsidiaries as of and for the Period ended November, 2023. These results have already been delivered to the Financial Market Commission.
This data is provisional until it is officially published by the referred organization.
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (In millions of Chilean pesos -MCh$)
ASSETS | |
Cash and deposits in banks | 4,504,315 |
Items in course of collection | 803,218 |
Financial assets to be traded at fair value through profit or loss | 7,160,175 |
Financial derivative contracts | 6,011,721 |
Debt financial instruments | 1,047,340 |
Others | 101,114 |
Financial assets not held for trading compulsorily valued at fair value through profit or loss | 54,470 |
Financial assets designated at fair value through profit or loss | - |
Financial assets at fair value with changes in other comprehensive income | 9,269,371 |
Debt financial instruments | 9,269,371 |
Others | - |
Financial derivative contracts for accounting coverage | 1,959,691 |
Financial assets at amortized cost | 52,773,541 |
Rights for repurchase agreements and securities loans | 219,998 |
Debt financial instruments | 3,872,927 |
Loans and receivables to banks | 712,407 |
Loans and receivables to customers - Commercial | 31,486,606 |
Loans and receivables to customers - Mortgage | 13,603,100 |
Loans and receivables to customers - Consumer | 2,878,503 |
Investments in other companies | 170,962 |
Intangible assets | 433,637 |
Property, plant and equipment, net | 252,937 |
Right -of- use asset | 137,375 |
Current income tax | 137,615 |
Deferred income taxes | 490,662 |
Other assets | 1,784,730 |
Non-current assets and groups available for sale | 44,872 |
TOTAL ASSETS | 79,977,571 |
LIABILITIES | |
Items in course of collection | 751,994 |
Financial liabilities to be traded at fair value through profit or loss | 5,687,013 |
Financial derivative contracts | 5,687,013 |
Others | - |
Financial liabilities designated at fair value through profit or loss | - |
Financial derivative contracts for accounting coverage | 2,525,317 |
Financial liabilities at amortized cost: | 61,047,194 |
Deposits and other on-demand liabilities | 24,285,744 |
Deposits and other term loans | 19,347,773 |
Obligations for repurchase agreements and securities loans | 370,384 |
Bank borrowings | 7,250,324 |
Debt issued | 7,968,982 |
Other financial liabilities | 1,823,987 |
Lease liabilities | 122,571 |
Issued regulatory capital financial instruments | 1,554,174 |
Provisions for contingencies | 177,265 |
Provisions for dividends, payment of interest and revaluation of issued regulatory capital financial instruments | 185,501 |
Special provisions for credit risk | 456,786 |
Current income tax | 10,364 |
Deferred income taxes | 1,788 |
Other liabilities | 1,516,308 |
Liabilities included in groups available for sale | - |
TOTAL LIABILITIES | 74,036,275 |
SHAREHOLDERS' EQUITY | |
Capital | 5,383,715 |
Reserves | - |
Accumulated other comprehensive income | 123,233 |
Items that will not be reclassified in results | 282 |
Elements that can be reclassified in results | 122,951 |
Net income from prior periods | - |
Profit for the period | 618,338 |
Less: Provisions for dividends, interest payments and revaluation of issued regulatory capital financial instruments | (185,501) |
Equity holders of the Bank: | 5,939,785 |
Non-controlling interest | 1,511 |
TOTAL SHAREHOLDERS' EQUITY | 5,941,296 |
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY | 79,977,571 |
BANCO DE CREDITO E INVERSIONES AND SUBSIDIARIES
FINANCIAL INFORMATION
As of November 30, 2023
CONSOLIDATED STATEMENTS OF INCOME (In millions of Chilean pesos -MCh$)
MM$ | |
Interest income | 3,751,427 |
Interest expenses | (2,330,446) |
Net Interest income | 1,420,981 |
Indexation for inflation income | 783,457 |
Indexation for inflation expenses | (382,205) |
Net indexation for inflation income | 401,252 |
Fee and commission income | 458,467 |
Fee and commission expense | (153,977) |
Net fee and commission income | 304,490 |
Financial result for: | |
Financial assets and liabilities to trade | 226,157 |
Financial assets not held for trading compulsorily valued at fair value through profit or loss | (17,841) |
Financial assets and liabilities designated at fair value through profit or loss | - |
Result for derecognizing financial assets and liabilities at amortized cost and financial assets at fair value with changes in other comprehensive income | (7,174) |
Foreign currency changes, readjustments and hedge accounting | (119,290) |
Reclassifications of financial assets due to change in business model | - |
Other financial result | - |
Net financial result | 81,852 |
Share of profit (loss) of investments accounted for using the equity method | 13,728 |
Result of non-current assets and disposal groups for sale not admissible as discontinued operations | 9,451 |
Other operating income | 50,107 |
TOTAL OPERATING INCOME | 2,281,861 |
Expenses for employee benefit obligations | (591,819) |
Administrative expenses | (444,404) |
Depreciation and amortization | (103,500) |
Impairment of non-financial assets | (17) |
Other operating expenses | (7,354) |
TOTAL OPERATING EXPENSES | (1,147,094) |
OPERATING INCOME BEFORE CREDIT LOSSES | 1,134,767 |
Credit loss expense for: | |
Provisions for credit risk owed by banks and loans and accounts receivable from customers | (464,921) |
Special provisions for credit risk | 34,447 |
Recovery of written-off credits | 71,178 |
Impairment due to credit risk of other financial assets at amortized cost and financial assets at fair value with changes in other comprehensive income | (11,132) |
Credit loss expense | (370,428) |
TOTAL NET OPERATING INCOME | 764,339 |
Income from continuing operations before taxes | 764,339 |
Income tax expense | (145,905) |
Income from continuing operations after taxes | 618,434 |
Income from discontinued operations before taxes | - |
Discontinued operations taxes | - |
Income from discontinued operations after taxes | - |
CONSOLIDATED PROFIT FOR THE PERIOD | 618,434 |
Attributable to: | |
Equity holders of the Bank | 618,338 |
Non-controlling interest | 96 |
As of November 30, 2023, Banco de Crédito e Inversiones has released additional provisions with a charge to results in the line provision for loan losses of Ch$30,120 million (before taxes).
Alfredo Mendoza Osorio | Eugenio Von Chrismar |
Accounting Officer | CEO |
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Bci - Banco de Credito e Inversiones SA published this content on 30 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 December 2023 13:30:27 UTC.
