Banco de Crédito e Inversiones Reports Earnings Results for the First Quarter Ended March 31, 2023
April 13, 2023
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Banco de Crédito e Inversiones reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported net interest income was CLP 378,364 million. Net income was CLP 170,910 million.
Banco de Credito e Inversiones is a Chile-based financial institution (the Bank) engaged in the banking sector. The Bank's activities are divided into six segments: Retail banking, which offers current accounts, credit cards, personal loans and insurance products, among others, to individuals; Small and medium-sized enterprises, which provides financing, cash management, factoring and leasing, among others, to microenterprises and companies; Commercial banking, which includes services rendered to corporations, such as real estate and leasing companies; Corporate & Investment Banking Commercial Division, which provides investment solutions to large corporations, financial institutions and high net worth investors; Corporate & Investment Banking Finance Division, which offers sales and trading solutions to institutional investors, and BCI Financial Group, which includes operations of City National Bank of Florida in Chile. The Bank is controlled by Empresas Juan Yarur SAC.