Banco de Chile posts 20.9% Q2 revenue rise as inflation boosts earnings

Banco de Chile reported second‑quarter net income of CLP 391 billion, driven by a 20.9% year‑over‑year increase in operating revenue to CLP 922 billion. The bank highlighted higher inflation‑linked income, resilient customer earnings, fee growth and disciplined costs. Return on average equity reached 27.9% and return on capital and reserves 29.1%, while net interest margin stood at 5.8%.

Net financial income rose 25.3% to CLP 736 billion, supported by a 2.5% UF variation in the quarter. Fee income grew 10.7% year over year, led by a 20.4% jump in transactional‑services fees. Total loans reached CLP 40.3 trillion, up 2.3% year over year, after a one‑time accounting effect from a migration of the bank’s outsourced credit‑card processing platform. The bank added 2.9 million active customers and posted a net promoter score of 77.6.