Saturday , January 16 2021

Banks earned US $ 3,302 million between January-November 2018

The banks achieved net gains of DKK 2,229,269 million. Pesos (about 3,302.62 million dollars) between January and November this year, 2.41% more than in the same period in 2017, official sources reported today.

However, in November, the surplus fell by 2.83% compared to October, with a total of DKK 209,602m. Pesos (about 313 million dollars), explained by a lower financial transaction result, although mitigated by a margin and net commissions, said the Superintendence of Banks and Financial Institutions (SBIF) report.

The results were led by Banco de Chile, controlled by the Luxembourg group, which achieved profits of PES 539,018 million (about $ 798.54 million).

Second place corresponded to Banco Santander, controlled by his Spanish namesake, who made a profit of 538,708 million pesos (about $ 798.08 million).

Subsequently, Banco de Credito e Inversiones was placed, controlled by the Yarur family, with a profit of 361,834 million pesos (about $ 536.05 million).

BancoEstado, the only state entity in the system, achieved a profit of 175,571 million pesos (about $ 260.10 million) and ranked fourth.

Then there was Banco Itaú Corpbanca, controlled by the Brazilian Itaú, with a gain of 174,447 million pesos (about $ 258.44 million).

The report also notes that consumer loans in November rose 0.72% compared to October, 4.49% over December 2017 and 5.18% year on year.

Mortgages in the meantime rose 0.45% over the previous month, 7.21% compared to December 2017 and 7.85% year on year.

On the other hand, corporate lending declined 0.30% compared to October, 8.16% compared to December 2017 and 7.19% year on year.

However, in November, loans (loans) rose 7.00% year-on-year, below 7.88% registered in October, but above the variation recorded in November 2017, which was 3.58%.

In 2017, the Chilean banks achieved a net profit of $ 3,636 million, which is 11.92% more than the year before.

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