Banco de Crédito e Inversiones (BCI) investor relations material

Executive summary

• Net income for Q1 2026 reached $311 million (Ch$288,040 million), up 5.34% year-over-year, positioning the group as the leading bank in Chile and the 10th largest in Latin America and the Caribbean.

• Total assets stood at $92.4 billion, with broad-based loan and deposit growth across all business lines.

• Strategic initiatives included the legal constitution of BCI Group holding company, Net Zero 2050 Transition Plan, and continued international expansion, notably through City National Bank of Florida and other regional platforms.

• Operating expenses decreased 13.8% YoY, driving a consolidated efficiency ratio improvement to 46.52%.

• Market capitalization rose to $14.7 billion, up 75.1% year-over-year.

Financial highlights

• Net interest income contracted 7.5% year-over-year to $612.7 million, mainly due to lower inflation.

• Net fee income grew 14.3% year-over-year to $140.2 million, driven by higher transaction volumes and strong asset management performance.

• Credit loss expenses dropped 24.6% year-over-year to $75.9 million, reflecting improved asset quality.

• Operating expenses fell to $376.8 million, supporting efficiency gains.

• Total equity increased 7.1% year-over-year to $8.2 billion.

Outlook and guidance

• Loan growth in Chile expected at 6%-7% for 2026, with commercial loans leading at 9%, mortgages at 6%, and consumer loans at 8%.

• U.S. operations (City National Bank) anticipate 8%-9% loan growth.

• Efficiency ratio targeted at 40% by 2028, with ongoing initiatives to simplify operations and optimize costs.

• Net income guidance remains unchanged despite strong Q1, citing ongoing market volatility.

• Bank expects to restore CET1 above 11% by year-end through capital efficiency measures.