Banco De Chile Posts Record 27.9% ROAE in Q2 2026

Earnings
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Banco De Chile reported second-quarter 2026 net income of CLP391 billion and a record return on average equity of 27.9%, well above the industry average. Total loans reached CLP40.3 trillion in June 2026, up 2.3% year-on-year, while operating revenues rose 20.9% to CLP922 billion and net interest margin reached 5.8%. The bank maintained a strong efficiency ratio of 31.3% and a stable NPL ratio of 1.6%, with loan loss allowances covering 127% of past due loans. Management revised 2026 nominal loan growth guidance down to around 6% from 7% and increased cost of risk guidance to 1.2%-1.3%, citing weaker-than-expected macroeconomic performance and CLP50 billion in additional provisions. The bank also expects a one-time negative tax reform impact of approximately CLP70 billion in the year of enactment, followed by a long-term annual benefit of about CLP40 billion from the third year onward.

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