Banco de Crédito e Inversiones (BCI) Corporate presentation summary

Market position and business model

• Largest bank in Chile by total loans, with a diversified business model and international presence, including significant operations in Florida and Peru.

• Total assets reached $83.7bn and total loans $57.8bn as of December 2024, with a customer base of approximately 6 million.

• Maintains a strong credit rating profile (A2 Moody’s, A- S&P, A- Fitch) and a market cap of $6.03bn.

• City National Bank of Florida is the third largest Florida-based bank, contributing significantly to group diversification.

Financial performance and growth

• Net income grew 17.5% YoY to $805mm, with operating income up 8.6% YoY and fees increasing 17% YoY.

• Total loans increased 10.8% YoY, driven by mortgage and commercial lending, while demand deposits rose 15%.

• Local NIM expanded by 28bps to 4.16%, and CNB NIM increased by 54bps to 2.37%.

• Efficiency ratio improved to 45.0% in 2024, reflecting effective expense management.

• Consolidated net income for the year reached $830mm, with a 26.05% CAGR from 2020-2024.

Capital, funding, and liquidity

• CET1 ratio at 11.01% and CAR at 15.54% as of December 2024, both exceeding regulatory requirements.

• Issued $1bn in Additional Tier 1 (AT1) bonds in 2024, strengthening capital base.

• Funding is diversified by maturity, currency, and geography, with long-term debt matched to mortgage portfolio and short-term funding sourced internationally.

• Demand deposits represent 32.6% of funding, with a leading market share in checking accounts and demand deposits.