BANCO DE CREDITO E INVERSIONES AND SUBSIDIARIES
FINANCIAL INFORMATION
AS OF DECEMBER 31, 2021
Shown below, are the cummulative and consolidated results of the Bank and subsidiaries as of and for the Year ended December, 2021. These results have already been delivered to the Financial Market Commission.
This data is provisional until it is officially published by the referred organization.
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION | CONSOLIDATED STATEMENTS OF INCOME | ||||
(In millions of Chilean pesos -MCh$) | (In millions of Chilean pesos -MCh$) | ||||
ASSETS | MCh$ | MCh$ | |||
Cash and deposits in banks | 3,960,497 | Interest income | 2,359,133 | ||
Items in course of collection | 350,073 | Interest expense | (761,611) | ||
Securities held for trading | 873,869 | ||||
Agreements to repurchase and securities lending | 186,753 | Net interest income | 1,597,522 | ||
Derivative financial agreements and hedge accounting | 6,781,524 | Fee and commission income | 474,401 | ||
Loans and receivables to banks, net | 639,533 | Fee and commission expense | (127,876) | ||
Loans and receivables to customers, net | 40,230,382 | ||||
Financial investments available for sale | 11,204,593 | Net fee and commission income | 346,525 | ||
Financial investments held to maturity | 2,297,355 | Net gain from financial operations | 139,777 | ||
Investments in other companies | 32,762 | Foreign exchange results, net | 22,547 | ||
Intangible assets | 440,958 | Other operating income | 54,932 | ||
Property, plant and equipment, net | 252,736 | ||||
Right -of- use asset | 189,025 | Operating income | 2,161,303 | ||
Current income tax | 19,977 | ||||
Deferred income taxes | 251,196 | Provisions for loan losses | (400,545) | ||
Other assets | 1,447,401 | ||||
TOTAL ASSETS | 69,158,634 | OPERATING INCOME, NET OF ALLOWANCE FOR CREDIT RISK | 1,760,758 | ||
LIABILITIES | Staff costs | (540,053) | |||
Deposits and other on-demand liabilities | 27,653,442 | Administrative expenses | (333,625) | ||
Items in course of collection | 258,686 | Depreciation and amortization | (106,931) | ||
Liabilities under agreements to repurchase | 141,178 | Impairment of property, plant and equipment and intangible assets | (23) | ||
Deposits and other term loans | 10,865,148 | Other operating expenses | (60,388) | ||
Derivative financial agreements and hedge accounting | 6,587,047 | ||||
Bank borrowings | 6,970,962 | TOTAL OPERATING EXPENSES | (1,041,020) | ||
Debt issued | 8,761,131 | ||||
Other financial liabilities | 1,027,978 | TOTAL NET OPERATING INCOME | 719,738 | ||
Lease liabilities | 173,726 | ||||
Current income tax | 141,535 | Share of profit (loss) of investments accounted for using the equity method | 2,290 | ||
Deferred income taxes | 926 | Profit before tax | 722,028 | ||
Provisions | 710,889 | ||||
Other liabilities | 1,364,510 | Income tax expense | (201,483) | ||
TOTAL LIABILITIES | 64,657,158 | Net income from continuing operations | 520,545 | ||
Net income from discontinued operations | 0 | ||||
SHAREHOLDERS' EQUITY | |||||
Attributable to equity holders of the Bank: | CONSOLIDATED PROFIT FOR THE YEAR | 520,545 | |||
Capital | 3,862,386 | ||||
Reserves | 24 | Attributable to: | |||
Accumulated other comprehensive income | 273,392 | Equity holders of the Bank | 520,391 | ||
Retained earnings: | Non-controlling interest | 154 | |||
Net income from prior periods | 0 | Total | 520,545 | ||
Profit or loss for the year | 520,391 | ||||
Less: Accrual for minimum dividends | (156,117) | ||||
TOTAL EQUITY OF EQUITY HOLDERS OF THE BANK | 4,500,076 | ||||
Non-controlling interest | 1,400 | ||||
TOTAL SHAREHOLDERS' EQUITY | 4,501,476 | ||||
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY | 69,158,634 |
As of December 31, 2021, Banco de Crédito e Inversiones has constituted additional provisions with a charge to results in the line provision for loan losses of Ch$183,293 million (before taxes).
Alfredo Mendoza Osorio | Eugenio Von Chrismar |
Accounting Officer | CEO |