Banco De Chile ADS (BCH) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everyone, and welcome to Banco de Chile's fourth quarter 2024 results conference call. If you need a copy of the management financial review, it is available on the company's website. With us today, we have Mr. Rodrigo Aravena, Chief Economist and Institutional Relations Officer, Mr. Pablo Mejia, Head of Investor Relations, and Daniel Galarza, Head of Financial Control and Capital. Before we begin, I would 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 will now turn the call over to Mr. Rodrigo Aravena. Please go ahead, sir. Good afternoon. Thank you for attending this conference call. Today... We represent the overall performance of Banco de Chile during the fourth quarter and consequently the full year 2024. We are proud for the overall performance of Banco de Chile in the last year. The strong financial results and significant advances in several key areas reaffirm the unquestionable leadership that our bank has had over time. As we highlight in slide number two, In 2024, we managed to outperform our main peers in many dimensions. On the financial side, we left the banking industry by posting a net income of 1,207 billion pesos, equivalent to a return on average capital of 23.1%, well above the 15.8% achieved by the local industry. This outstanding result was explained by positive figures for margins, asset quality and efficiency. We also had important accomplishments and results in several non-financial aspec...