Banco De Chile Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2017
April 28, 2017 at 06:46 am EDT
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Banco de Chile reported consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, net interest income was CLP 303,540 million against CLP 301,171 million a year ago. Total operating revenues were CLP 422,719 million against CLP 410,852 million a year ago. Income before income tax was CLP 168,402 million against CLP 152,579 million a year ago. Net income attributable to bank's owners was CLP 139,993 million against CLP 132,527 million a year ago. Basic and diluted share was CLP 1.43 against CLP 1.36 last year. Net operating income was CLP 167,411 million compared CLP 151,912 million a year ago. Total cash flows from operating activities was CLP 121,792 million against CLP 239,846 million a year ago. Purchases of property and equipment was CLP 4,556 million against CLP 4,757 million a year ago. Purchases of intangible assets was CLP 2,816 million against CLP1,855 million a year ago.
Banco de Chile is a full service financial institution, which is engaged in providing credit and non-credit products and services in Chile. The Bank offers a range of banking services to its customers, ranging from individuals to corporations. The Bank's segments include Retail, which focuses on individuals and small and medium-sized companies, where the product offering focuses on consumer loans, commercial loans, checking accounts, credit cards, credit lines and mortgage loans; Wholesale, which focuses on corporate clients and companies, where the product offering focuses on commercial loans, checking accounts and liquidity management services, debt instruments, foreign trade, derivative contracts and leases; Treasury, which includes the associated revenues to the management of the investment portfolio and the business of financial transactions and currency trading, and Subsidiaries, which corresponds to companies and corporations controlled by the Bank.
BANCO DE CHILE 
