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Banco De Chile Q2 Earnings Call Highlights
['Logan Wallace']
Ticker Report
Net fee income increased 10.7% year over year, led by a 20.4% increase in transactional-services fees.
Banco de Chile said the migration reduced both credit-card loans and other demand deposits by about CLP 210 billion.
Consumer loans increased 5.3% on that basis, while mortgage lending rose 3.4% and commercial loans increased 2%.
Chief Economist and Institutional Relations Officer Rodrigo Aravena lowered the bank’s Chile GDP growth forecast for 2026 to 1.3% from 2.1%, largely due to weak first-half activity led by mining.
About Banco De Chile (NYSE:BCH)Banco de Chile (NYSE: BCH) is a leading Chilean financial institution headquartered in Santiago.