Banco Itaú Chile : Itaú Chile’s results as of and for the ten-month periods ended October 31, 2023 and 2022 - Form 6-K

Banco Itaú Chile and subsidiaries
As of and for the ten-month periods ended October 31, 2023 and 2022

The financial information of Banco Itaú Chile as of and for the ten-month periods ended October 31, 2023 and 2022 has been published on our website in accordance with Circular No 18 of the Chilean Commission for the Financial Market (or "CMF") dated September 1st, 2008. The unaudited financial information included herein has been prepared in accordance with the Compendium of Accounting Standards issued by CMF pursuant to Chilean Generally Accepted Accounting Principles (Chilean GAAP), which conform with the international standards of accounting and financial reporting issued by the International Accounting Standards Board (IASB) to the extent that there are not specific instructions or regulations to the contrary issued by the CMF.

Commencing on January 1, 2022, we have implemented the regulatory changes put in place by the new accounting standards compendium issued by the CMF.

CONDENSED CONSOLIDATED BALANCE SHEET

In Ch$ million

Oct'23

Oct'22

Total loans

27,422,388

27,211,272

Total assets

42,941,628

41,282,486

Deposits and other demand liabilities

5,494,352

6,026,698

Time deposits and other time liabilities

13,584,719

12,258,551

Interbank borrowings

5,232,202

5,101,481

Debt and regulatory capital instruments issued

8,070,225

7,520,795

Equity

3,632,204

3,324,166

Total equity attributable to equity holders of the Bank

3,628,910

3,321,254

Non-controlling interest

3,294

2,912

YTD CONSOLIDATED INCOME STATEMENT

With reclassification of financial hedges¹

In Ch$ million

10M'23

10M'22

10M'23

10M'22

Net operating profit before provision for loan losses ²

1,247,251

1,306,527

1,208,102

1,217,928

Loan losses expenses ³

(271,616)

(249,886)

(271,616)

(249,886)

Total operating expenses ⁴

(613,885)

(605,883)

(613,885)

(605,883)

Operating income

361,750

450,758

322,601

362,159

Income from investments in companies

3,662

3,335

3,662

3,335

Operating income before income taxes

365,412

454,093

326,263

365,494

Income taxes

(58,609)

(58,493)

(19,460)

30,106

Consolidated income for the period

306,803

395,600

306,803

395,600

Net income attributable to holders of the Bank

306,785

395,559

306,785

395,559

Non-controlling interest

18

41

18

41

1- Includes the reclassification of foreign exchange gain or loss generated by hedge positions that neutralize the impacts of exchange rate variation on the fiscal value of our investments abroad.

2- Net operating profit before provision for loan losses includes $60,725 million corresponding to the up-front payment received for the granting of the right to exclusive access to Cardif to the bank's distribution channels, the implementation of which was completed in April 2023.

3- Includes $8,100 million of additional provisions established during the ten-month period ended October 31, 2023 ($46,668 million established during the ten-month period ended October 31, 2022).

4- Includes $4,946 million of restructuring provision ‒ associated to non-recurring expenses related to the operational and digital transformation in Chile, from which $3,701 million were established in the month of April 2023, and $1,245 million in the month of October 2023. ($8,351 million of restructuring provision ‒ associated to non-recurring expenses related to the operational and digital transformation in Colombia - established in the month of May 2022).

This financial information shall be considered provisional until the official figures are published by the Commission for the Financial Market.

Roxana Zamorano

Gabriel Moura

Chief Accounting Officer

Chief Executive Officer