Aggregated News From Investment Management Regulators

CMF reports on the performance of banks and cooperatives as of March 2020

Report/Flag

Please complete the required fields.



April 30, 2020 – Loans in the banking system grew 9.45 percent in 12 months. This figure is higher than the variation recorded in the previous month – 8.44 percent – but lower than that of the same period last year – 10.21 percent.

Commercial loans boosted the result with a rise of 12.37 percent. The housing portfolio grew 8.62 percent while the consumer portfolio reported a drop of 0.06 percent in 12 months. Meanwhile, the loan-loss provisions index stood at 2.56 percent; the arrears ratio of 90 days or more slightly decreased from 2.04 to 2.03 percent; and the impaired portfolio fell from 5.06 to 5.01 percent.

Profits for March reached 162,252 million Chilean pesos – USD 192 million. It’s a drop of 30.84 percent compared to February but an annual growth of 1.97 percent. An increase in net provision expenses explains this lower monthly result, though an increase in the net interest margin and the result of financial operations mitigated the fall.

Supervised Cooperatives

Loans by savings and credit cooperatives supervised by the CMF rose by 3 percent over 12 months, below the 4.08 percent recorded in February. Lesser growth of the consumer portfolio – only 3.62 percent – explains this variation.

Regarding credit risk, both the provisions and impaired portfolio indices declined compared to the previous month while the arrears ratio improved. The provisions index got 4.24 percent; the arrears ratio of 90 days or more was 3.38 percent; and the impaired portfolio recorded 7.53 percent.

Monthly profits fell 19.74 percent compared to February – a variation attributable to higher net provision expenses. Profits decreased 3.73 percent over the last 12 months.

Performance Report

Alongside this month’s financial information, the Performance Report includes an analysis of online transactions in the Banking System.

Links to Relevant Documents

Source link

Regulator Information

Recent Articles

Proposed Rule Change to Amend FINRA Rule 2231 (Customer Account Statements)

Financial Industry Regulatory Authority, Inc.

Revision of Recommendation 25 – White Paper for Public Consultation

The Financial Action Task Force (FATF) is conducting a review of Recommendation 25 (R.25) on the transparency and beneficial ownership (BO) of legal arrangements....

ASIC warns super trustees to be transparent in their underperformance communications to members

ASIC today released the findings from its review of superannuation trustees’ communications with their members following the first annual performance test for MySuper products. The...

EBA replies to European  Commission’s call for advice on the Mortgage Credit Directive review

The European Banking Authority (EBA) published today an Opinion and Report in response to the European Commission’s Call for Advice (CfA) on the review of the Mortgage Credit Directive (MCD) .

Get the latest from Regulatory.News in your inbox!

×