Banco De Chile ADS (BCH) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. Thank you for joining our conference call. Today, we will present Banco de Chile results for the full quarter and the full year 2025. We are very proud of the Bank's performance this year. Once again, Banco de Chile delivered market leadership and superior financial outcomes, reinforcing the strength and consistency of our business model. Starting with our financial results, Banco de Chile ranked number one in net income and return on average assets, number one in net fair income, and number one in net interest margin among peer banks. This result reflects the resilience of our core revenues, solid customer activity, and disciplined balance sheet management. For the full year, we generated the highest net income in the local banking industry amounting to 1.2 trillion pesos, which translated into a 2.2% return on average assets significantly above the 1.3% achieved by the industry. We also maintain the largest market value among private banks in Chile of almost $20 billion and we are leading the market in average trade volumes with over $25 million per day, demonstrating strong investor confidence and liquidity in our stock. On capital, Banco Estil remains the most highly capitalized bank, as demonstrated by a set-to-one ratio of 14.5%, far above regulatory requirements and peers. Also, our risk indicators continue to be among the strongest in the industry, supported by a 223% credit ratio and $661 billion in additional provisions, reflecting our sound risk management culture. From a cost perspective, we delivered a 3.5% real contraction in operating expenses, consistent with efficiency efforts that we have implemented over the past several years that have leveraged on a digital strategy that has benefited productivity across all business and operating...