Banco De Chile · BCS:CHILE
Banco De Chile — Q2 2025 Earnings Presentation
25 slides from Banco De Chile's earnings presentation, Aug 6, 2025
Slide 1: Earnings Presentation 2Q25
Earnings Presentation 2Q25 August 6th, 2025
Slide 2: Economic & Banking Industry Overview
Economic & Banking Industry Overview
Slide 3: GDP growth driven by strengthening domestic demand
GDP growth driven by strengthening domestic demand Chile’s GDP Growth Domestic Demand Components YoY, % YoY, % 5% 20% Durable goods Machinery & equipment Cientos 10% 10.9% 4.5% 5.3% 4% 0% 4.0% -10% 3.3% 3% -20% -30% 2% 2.3% -40% 2.0% Jul-22 Sep-24 Jan-23 Jul-23 Mar-22 Sep-22 Nov-22 Mar-23 Sep-23 Nov
Slide 4: Lower inflation supports a more expansionary monetary policy
Lower inflation supports a more expansionary monetary policy Headline and Ex Volatile CPI Overnight Rate YoY, % % 12% 16% 10% CPI CPI ex volatile 8% 14% 6% 4.75% 4% 12% 2% 0% 10% Aug-25 Sep-21 Mar-22 Sep-22 Mar-23 Sep-23 Mar-24 Sep-24 Mar-25 Dec-22 Dec-21 Dec-23 Dec-24 Jun-21 Jun-22 Jun-23 Jun-24 Ju
Slide 5: Chile: Baseline Scenario
Chile: Baseline Scenario Banco de Chile’s Forecast YoY, % 2020 2021 2022 2023 2024 2025f GDP -6.1 11.3 2.2 0.5 2.6 2.3 Consumption -6.6 19.4 2.5 -3.5 1.4 2.1 Investment -10.8 16 4.6 -0.1 -1.4 4.5 Exports -0.9 -1.5 0.8 0.1 6.6 3.5 Imports -12.3 31.9 1.3 -10.9 2.5 4.8 CPI 3 7.2 12.8 3.9 4.5 3.9 Overni
Slide 6: Banking Industry Results
Banking Industry Results Quarterly Net Income Coverage1 and NPLs2 Billions of CLP 90d NPLs Ratio & Coverage Ratio NPL Coverage Total Net Income ROAE 159% 1,500 1,450 1,440 1,430 3.8% 150% 147% 149% 148% 200% 3.3% 1,400 1,346 0% 1,350 1,308 2.8% 1,300 2.3% -200% 1,250 1,220 1.8% 1,200 16.4% 15.8% 16.
Slide 7: Strategic Priorities and Advances
Strategic Priorities and Advances
Slide 8: Our Strategic Framework and Aspirations
Our Strategic Framework and Aspirations MID-TERM TARGETS cel ng erati ns Streng Comme thening ROAC1 Ac solutio rcial Target: Top 1 ital acti Dig vity nc y Sk Dev ie ills el fic ity customer –centric an opi Cost to Income Ratio Ef ctiv With cision making d t ng ent u de d P ng Target: ≤42% d al an ea
Slide 9: Key Business Advances
Key Business Advances New Digital Functionalities Authentication tools for individuals and companies, app integration and credit simulators. Social Bond Placement of ESG Bond in Switzerland for FAN Digital Accounts US$122 million to finance social projects. +30% Cross selling to current accounts Cre
Slide 10: 2Q25 Financial Results
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Slide 11: Banco de Chile continues to lead in financial performance
Banco de Chile continues to lead in financial performance… Quarterly Net Income¹ Net Income Market Share Billions of CLP % as of June 2025 22.1% 19.5% 18.6% 324 329 298 305 288 7.2% 6.9% BCH Santander BCI Itaú Scotiabank ROAA2 Return on Average Assets BCH Santander BCI 2.4% 1.7% 1.6% 1.7% 1.1% 1.3%
Slide 12: Driven by customer income and the best margins among peers
…driven by customer income and the best margins among peers NIM Operating Revenues Net Interest Income/Avg. Interest Earnings Assets, Annualized Billions of CLP BCH Santander BCI Non-customer Income 4.8% Customer Income 4.3% 4.3% 4.0% 3.5% 3.6% 771 778 779 -1.1% 763 721 Average 2020 2021 2022 2023 2
Slide 13: Loan growth lagging behind economic activity
Loan growth lagging behind economic activity Total Loans Real Loan Growth by Product1 Trillions of CLP Base 2019=100, as of June 2025 118 107 +3.9% 97 95 89 90 89 +1.3% 82 37.9 38.9 39.4 5.6 5.6 5.3 Total Consumer Mortgage Commercial Industry Banco de Chile 12.7 13.2 13.7 Commercial Loans by Economi
Slide 14: Our robust funding base is a key competitive advantage
Our robust funding base is a key competitive advantage Balance Structure Demand Deposits to Loans1 % over total assets % of total loans 5.4% Trading 35.4% 10.1% Equity 5.6% AFS 31.9% 0.9% HTM 13.1% Other 27.0% 17.9% 17.3% 19.3% Debt Issued Financial Institutions Total Loans 2.5% & Central Bank 73.8%
Slide 15: Solid capital base
Solid capital base CET1 Ratio Common Equity Tier 1 (CET1)/ Risk Weighted Assets (RWA) Capital Management Strengths Banco de Chile Santander BCI 14.4% 14.0% 13.0% 13.6% 13.7% • Leading Capital Ratios: Highest CET1 ratio at 12.2% 14.0% and total Basel III capital ratio of 17.8%, 11.1% 10.9% 11.1% 11.1
Slide 16: Leading asset quality among peers
Leading asset quality among peers Expected Credit Losses Delinquency Ratio1 Billions of CLP NPLs to Total Loans +1.5% Banco de Chile Santander BCI 103 96 3.0% 95 90 80 2.2% 2.0% 1.7% 1.5% 1.2% 2Q24 3Q24 4Q24 1Q25 2Q25 Average 2020 2021 2022 2023 2024 Jun-25 Cost of Risk 1.00% 0.84% 1.08% 0.93% 0.98%
Slide 17: Productivity improvements have contained the cost base
Productivity improvements have contained the cost base Total Expenses Annual Variation in Total Expenses Billions of CLP Billions of CLP Personnel Administrative Dep, Amort & Other 273 +1.1 +4.4 +2.6 281 +3.0% 303 281 281 273 273 37 33 34 32 32 2Q24 Personnel Administrative Dep, Amort & Other 2Q25 1
Slide 18: 2Q25 Key takeaways
2Q25 Key takeaways • We have adjusted our GDP growth forecast for 2025 to 2.3%, from 2.0%. Profitability and Capital Size of circle is ROAA, as of June 2025 • Chile’s solid macro fundamentals and capacity to 800 implement countercyclical policies provide important 700 buffers in a more volatile glob
Slide 19: Appendix: Consolidated Balance Sheet
Appendix: Consolidated Balance Sheet Chilean GAAP- In millions of Chilean pesos (MCh$) and US dollars (MUS$) These results have been prepared in accordance with Chilean GAAP on an unaudited, consolidated basis. All figures are expressed in nominal Chilean pesos (historical pesos), unless otherwise s
Slide 20: Appendix: Consolidated Balance Sheet
Appendix: Consolidated Balance Sheet Chilean GAAP- In millions of Chilean pesos (MCh$) and US dollars (MUS$) These results have been prepared in accordance with Chilean GAAP on an unaudited, consolidated basis. All figures are expressed in nominal Chilean pesos (historical pesos), unless otherwise s
Slide 21: Appendix: Consolidated Statement of Income
Appendix: Consolidated Statement of Income Chilean GAAP- In millions of Chilean pesos (MCh$) and US dollars (MUS$) These results have been prepared in accordance with Chilean GAAP on an unaudited, consolidated basis. All figures are expressed in nominal Chilean pesos (historical pesos), unless other
Slide 22: Appendix: Consolidated Statement of Income
Appendix: Consolidated Statement of Income Chilean GAAP- In millions of Chilean pesos (MCh$) and US dollars (MUS$) These results have been prepared in accordance with Chilean GAAP on an unaudited, consolidated basis. All figures are expressed in nominal Chilean pesos (historical pesos), unless other
Slide 23: Appendix: Selected Statistical Information
Appendix: Selected Statistical Information Chilean GAAP- In millions of Chilean pesos (MCh$) and US dollars (MUS$) These results have been prepared in accordance with Chilean GAAP on an unaudited, consolidated basis. All figures are expressed in nominal Chilean pesos (historical pesos), unless other
Slide 24: Appendix: Selected Statistical Information
Appendix: Selected Statistical Information Chilean GAAP- In millions of Chilean pesos (MCh$) and US dollars (MUS$) These results have been prepared in accordance with Chilean GAAP on an unaudited, consolidated basis. All figures are expressed in nominal Chilean pesos (historical pesos), unless other
Slide 25: Forward Looking Information
Forward Looking Information The information contained here in incorporates by reference statements which constitute ‘‘forward-looking statements,’’ in that they include statements regarding the intent, belief or current expectations of our directors and officers with respect to our future operating