Banco de Crédito e Inversiones (BCI) Q2 2025 earnings summary

Executive summary

• Net income for H1 2025 reached $571 million (Ch$532,763 million), up 27% year-over-year, driven by strong core business growth, disciplined strategy, and robust international operations, especially CNB.

• Commercial loan portfolio and total deposits grew over 6% and 5% respectively, reinforcing market share and leadership in wholesale banking and SMEs.

• CNB net income rose 82% year-over-year, with NIM at 2.57% and deposits up 5.2%, outpacing U.S. industry averages.

• Recognized as Chile's most sustainable company by Merco ESG, with ongoing digital and sustainable finance initiatives.

• Asset quality improved, with NPL ratios declining and provisions to NPL ratios remaining strong.

Financial highlights

• Operating revenue rose 9.2% year-over-year to $813 million in Q2 2025, driven by 9.3% net interest income and 19.1%-22.8% net fee income growth.

• Net income for Q2 2025 was $277.8 million, up 21.5% year-over-year.

• Provision expenses decreased 5% year-over-year, reflecting improved asset quality and active risk management.

• Operating expenses increased, mainly due to personnel and digital transformation investments.

• Equity grew 9% year-over-year to $7.6 billion as of June 2025.

Outlook and guidance

• GDP growth for Chile projected at 2.1%-2.3% for 2025, with inflation at 3.8% and monetary policy rate at 4.25%.

• Loan growth guidance set at 5%-7%, with fee income growth revised to 13%-15% for 2025.

• Core expenses expected to rise around 6%; cost of risk to remain flat at 0.7%.

• Full-year net income guidance for CNB raised to $250 million; consolidated net income growth projected at 20%-22%.

• Medium-term ROE target set at 14% by 2026, with 2025 expected to close at about 13%.