Banco De Chile ADS (BCH) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to Banco de Chile's second quarter 2025 results conference call. If you need a copy of the financial management review, it is available on the company's website. Today with us, we have Mr. Rodrigo Aravena, Chief Economist and Institutional Relations Officer, Mr. Pablo Mejia, Head of Investor Relations, and Daniel Galarce, Head of Financial Control and Capital. Before we begin, I'd like to remind you that this call is being recorded, and the information discussed today may include forward-looking statements regarding the company's financial and operating performance. All projections are subject to risks and uncertainties, and actual results may differ materially. Please refer to the detailed notes in the company's press release regarding forward-looking statements. I would now like to turn the call over to Mr. Rodrigo Aravena. Please go ahead. Good afternoon, everyone. Thank you for joining this conference call, where we will present the key results and developments achieved by our bank during the second quarter of this year. Once again, we are proud of Banco de Chile overall performance during this period, since our bank has demonstrated its strong position in the local market by delivering solid results across various areas. As of June 2025, we reported a net income of 664 billion pesos that represent a year-to-date growth of 2%, resulting in an ROE of 21.9%. As we will discuss later, these outcomes were driven by a strong customer income, improved asset quality, increased loan activity in targeted segments, and ongoing efforts in cost control and efficiency. As mentioned in previous calls, These results are particularly meaningful given the ongoing challenges and rising uncertainties in the global macroeconomic landscape. In circumstances...