Financial Summary

5-year evolution

In nominal CLP

2016 2017 2018 2019 2020 Var 2020/2019
Commercial loans and loans and receivables to banks 14,902,850 15,962,764 19,372,094 22,067,812 23,530,759 6.63%
Mortgage Loans 4,999,917 5,855,391 7,380,507 8,333,973 8,945,701 7.34%
Consumer Loans 2,644,473 2,892,370 3,680,173 3,936,633 3,389,285 -13.90%
TOTAL LOANS 22,547,240 24,710,525 30,432,774 34,338,418 35,865,745 4.45%
             
Loan loss provisions -369,666 -401,041 -556,767 -668,321 -790,395 18.27%
TOTAL NET LOANS 22,177,574 24,309,484 29,876,007 33,670,097 35,075,350 4.17%
             
Financial investments 3,792,479 4,730,198 5,270,611 6,230,655 9,166,020 47.11%
Other assets 4,828,165 4,843,714 6,203,099 10,435,868 12,914,929 23.76%
TOTAL ASSETS 30,798,218 33,883,396 41,349,717 50,336,620 57,156,299 13.55%
             
Demand deposits 8,194,263 9,534,124 12,222,539 14,180,699 19,726,574 39.11%
Time deposits 9,957,688 10,692,346 12,328,776 13,372,756 10,839,611 -18.94%
Other liabilities 10,127,546 10,928,640 13,340,039 18,990,645 22,688,651 19.47%
Capital and reserves 2,280,185 2,467,862 3,180,453 3,509,627 3,678,160 4.80%
Provision for minimum dividends -102,049 -111,421 -118,738 -120,794 -95,236 -21.16%
Earnings 340,165 371,403 395,794 402,645 317,454 -21.16%
Minority interest1 420 442 854 1,042 1,085 4.13%
TOTAL LIABILITIES PLUS EQUITY 30,798,218 33,883,396 41,349,717 50,336,620 57,156,299 13.55%
             
BCI SHARES            
Price (in pesos, last business day of the year)2 33,894 42,780 45,085 34,100 27,890 -18.21%
Earnings per share 2,753 2,973 2,913 2,843 2,134 -24.94%
Price-to-book value (times) 1.7 2.1 2 1.3 1.1 -0.2
Price-to-earnings ratio (times) 12.3 13.3 16 12 13.1 1.1
Market cap (CLP billion) 4,188 5,345 5,691 5,141 4,149 -19.30%
             
PROFITABILITY AND EFFICIENCY            
Return on equity 13.51% 13.61% 11.45% 10.62% 8.15% -247pb
Capitalized earnings from the previous year 66.51% 63.68% 64.68% 65.67% 64.82% -85 pb
Return on assets 1.10% 1.10% 0.96% 0.80% 0.56% -24 pb
Efficiency (support costs / operating income) 50.72% 50.67% 51.55% 47.78% 47.20% -58 pb
Assets per employee (millions of pesos) 2,778 3,193 3,422 4,136 4,896 760
             
MARKET SHARE            
Loans in Chile 3 13.28% 13.62% 13.87% 14.03% 14.26% 23 pb
Loans including foreign subsidiaries 4 14.93% 15.68% 17.00% 17.38% 17.82% 44 pb
             
RISK            
RISK Provisions rate 1 (Loan loss provisions 5 /total loans 6) 1.10% 1.06% 1.06% 1.53% 1.59% 6 pb
Provisions ratio (provisions / total loans) 7 1.64% 1.62% 1.83% 1.95% 2.20% 25 pb
             
Capital            
Tier 1 8 10.05% 10.21% 10.14% 9.78% 10.08% 30 pb
Basel I ratio I 9 13.41% 13.19% 12.76% 12.00% 13.39% 139 pb

1. The portion of net profit or loss in the year and the rest of the consolidated subsidiaries’ shareholders’ equity that is attributable to shareholders that are unrelated to Bci and that hold a minority of shares

2. Price not adjusted for dividends or changes in capital.

3. Total loans to customers, excluding City National Bank of Florida (CNB) and Itau-Corp in Colombia.

4. Total loans to customers, including City National Bank of Florida (CNB) and Itau-Corp in Colombia

5. Loan loss provisions include provisioning for loans, contingent loans, and the minimum provisions adjustment for a normal portfolio.

6. Total loans to customers, including City National Bank of Florida (CNB).

7. Total loans to customers plus interbank loans, including City National Bank of Florida (CNB).

8. The Tier 1 solvency ratio is the ratio between core capital less goodwill and credit-risk-weighted assets (RWA).

9. The Basel I ratio is the ratio between regulatory capital (calculated as core capital plus voluntary provisions, subordinatedbonds, and minority interest, less goodwill) and credit-risk-weighted assets (RWA).


Activity indicators 2016 2017 2018 2019 2020 Var 2019/2020
Employees (Bci Corporation) 10 11,088 10,613 12,083 12,171 11,675 -4.08%
Branches 11 371 361 296 262 261 -0.38%
Checking accounts 599,006 631,393 677,809 711,871 716,261 0.62%
Electronic accounts 1,103,556 1,174,301 1,251,295 1,291,510 1,102,276 -14.65%
Credit cards (primary and additional) 12 937,448 975,087 2,427,197 2,310,208 2,009,170 -13.03%
ATMs 1,062 1,255 1,131 1,084 1,095 1.01%
ATM transactions 13 (December of each year) 4,403,674 5,943,945 5,840,698 5,863,321 5,381,854 -8.21%

10. Includes employees in Chile, international subsidiaries (CNB), and, as of December 2018, the Servicios Financieros subsidiary.

11. Includes contact points, service centers, and commercial platforms in Chile.

12. As of December 2018, includes credit cards from the Servicios Financieros subsidiary.

13. ATM withdrawals

bp: basis points


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