Banco de Credito e Inversiones : Accumulated and Consolidated Results as of August 31th

BANCO DE CREDITO E INVERSIONES AND SUBSIDIARIES

FINANCIAL INFORMATION

As of august 31, 2022

Shown below, are the cummulative and consolidated results of the Bank and subsidiaries as of and for the Period ended august, 2022. 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 (In millions of Chilean pesos -MCh$)

ASSETS
Cash and deposits in banks	4,497,138
Items in course of collection	741,135
Financial assets to be traded at fair value through profit or loss	8,600,077
Financial derivative contracts	7,549,094
Debt financial instruments	858,030
Others	192,953
Financial assets not held for trading compulsorily valued at fair value through profit or loss	-
Financial assets designated at fair value through profit or loss	-
Financial assets at fair value with changes in other comprehensive income	9,247,756
Debt financial instruments	9,247,756
Others	-
Financial derivative contracts for accounting coverage	1,890,626
Financial assets at amortized cost	49,758,297
Rights for repurchase agreements and securities loans	139,383
Debt financial instruments	3,439,743
Loans and receivables to banks	879,261
Loans and receivables to customers - Commercial	29,629,976
Loans and receivables to customers - Mortgage	12,355,648
Loans and receivables to customers - Consumer	3,314,286
Investments in other companies	35,015
Intangible assets	442,697
Property, plant and equipment, net	251,850
Right -of- use asset	173,848
Current income tax	205,831
Deferred income taxes	326,273
Other assets	1,916,188
Non-current assets and groups available for sale	47,327
TOTAL ASSETS	78,134,058
LIABILITIES
Items in course of collection	703,849
Financial liabilities to be traded at fair value through profit or loss	7,450,227
Financial derivative contracts	7,450,227
Others	-
Financial liabilities designated at fair value through profit or loss	-
Financial derivative contracts for accounting coverage	2,637,720
Financial liabilities at amortized cost:	58,800,507
Deposits and other on-demand liabilities	26,587,361
Deposits and other term loans	15,610,947
Obligations for repurchase agreements and securities loans	199,318
Bank borrowings	6,641,816
Debt issued	7,926,146
Other financial liabilities	1,834,919
Lease liabilities	160,955
Issued regulatory capital financial instruments	1,455,343
Provisions for contingencies	153,535
Provisions for dividends, payment of interest and revaluation of issued regulatory capital financial instruments	170,693
Special provisions for credit risk	472,280
Current income tax	767
Deferred income taxes	1,310
Other liabilities	1,468,255
Liabilities included in groups available for sale	-
TOTAL LIABILITIES	73,475,441
SHAREHOLDERS' EQUITY
Capital	3,862,386
Reserves	336,084
Accumulated other comprehensive income	60,605
Items that will not be reclassified in results	15
Elements that can be reclassified in results	60,590
Net income from prior periods	-
Profit for the period	568,976
Less: Provisions for dividends, interest payments and revaluation of issued regulatory capital financial instruments	(170,693)
De los propietarios del banco:	4,657,358
Non-controlling interest	1,259
TOTAL SHAREHOLDERS' EQUITY	4,658,617
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY	78,134,058

BANCO DE CREDITO E INVERSIONES AND SUBSIDIARIES

FINANCIAL INFORMATION

As of august 31, 2022

CONSOLIDATED STATEMENTS OF INCOME (In millions of Chilean pesos -MCh$)

	MM$
Interest income	1,736,457
Interest expenses	(717,679)
Net Interest income	1,018,778
Indexation for inflation income	981,331
Indexation for inflation expenses	(521,725)
Net indexation for inflation income	459,606
Fee and commission income	342,091
Fee and commission expense	(94,890)
Net fee and commission income	247,201
Financial result for
Financial assets and liabilities to trade	42,911
Financial assets not held for trading compulsorily valued at fair value through profit or loss	-
Financial assets and liabilities designated at fair value through profit or loss	-
Result for derecognizing financial assets and liabilities at amortized cost and financial assets at fair value with changes in other comprehensive income	3,523
Foreign currency changes, readjustments and hedge accounting	(46,213)
Reclassifications of financial assets due to change in business model	-
Other financial result	-
Net financial result	221
Share of profit (loss) of investments accounted for using the equity method	4,568
Result of non-current assets and disposal groups for sale not admissible as discontinued operations	6,923
Other operating income	33,967
TOTAL OPERATING INCOME	1,771,264
Expenses for employee benefit obligations	(412,724)
Administrative expenses	(254,610)
Depreciation and amortization	(75,032)
Impairment of non-financial assets	-
Other operating expenses	(22,655)
TOTAL OPERATING EXPENSES	(765,021)
OPERATING INCOME BEFORE CREDIT LOSSES	1,006,243
Credit loss expense for:
Provisions for credit risk owed by banks and loans and accounts receivable from customers	(319,979)
Special provisions for credit risk	(61,254)
Recovery of written-off credits	53,892
Impairment due to credit risk of other financial assets at amortized cost and financial assets at fair value with changes in other comprehensive income	(8,609)
Credit loss expense	(335,950)
TOTAL NET OPERATING INCOME	670,293
Income from continuing operations before taxes	670,293
Income tax expense	(101,207)
Income from continuing operations after taxes	569,086
Income from discontinued operations before taxes	-
Discontinued operations taxes	-
Income from discontinued operations after taxes	-
CONSOLIDATED PROFIT FOR THE PERIOD	569,086
Attributable to:
Equity holders of the Bank	568,976
Non-controlling interest	110

As of august 31, 2022, Banco de Crédito e Inversiones has constituted additional provisions with a charge to results in the line provision for loan losses of Ch$44,839 million (before taxes).

Alfredo Mendoza Osorio	Eugenio Von Chrismar
Accounting Officer	CEO