Banco De Chile Reports Consolidated Earnings Results for the Year Ended December 31, 2017
January 30, 2018 at 06:46 am EST
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Banco de Chile reported consolidated earnings results for the year ended December 31, 2017. For the year, the company reported interest revenue of CLP 1,881,443 million compared to CLP 1,911,628 million a year ago. Net interest income was CLP 1,229,438 million compared to CLP 1,221,369 million a year ago. Net operating income was CLP 684,990 million compared to CLP 636,776 million a year ago. Income before income tax was CLP 691,047 million compared to CLP 641,289 million a year ago. Net income attributable to bank’s owners was CLP 576,013 million or CLP 5.79 per basic and diluted share compared to CLP 552,249 million or CLP 5.55 per basic and diluted share a year ago. Total cash flows from operating activities were CLP 1,067,480 million compared CLP 339,882 million a year ago. Purchases of property and equipment were CLP 23,224 million compared to CLP 27,819 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 
