Banco De Chile Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2015; Announces Charge Offs for the Fourth Quarter of 2015
January 29, 2016 at 11:14 am
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Banco de Chile reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2015. For the quarter the company announced interest revenue of CLP 503,036 million compared to CLP 553,308 million a year ago. Net interest income was CLP 312,581 million compared to CLP 342,199 million a year ago. Net operating income was CLP 152,423 million compared to CLP 149,979 million a year ago. Income before income tax was CLP 153,390 million compared to CLP 150,913 million a year ago. Net income attributable to equity holders of the parent of CLP 140,098 million compared to CLP 128,133 million. Net income per share was CLP 1.46 compared to CLP 1.35 a year ago. Return on average assets was 1.81% compared to 1.86% a year ago. Return on average equity was CLP 20.64% compared to CLP 20.58% a year ago.
For the year, the company reported interest revenue of CLP 1,899,302 million compared to CLP 2,033,846 million a year ago. Net interest income was CLP 1,219,133 million compared to CLP 1,245,058 million a year ago. Net operating income was CLP 617,055 million compared to CLP 647,747 million a year ago. Income before income tax was CLP 620,727 million compared to CLP 650,608 million a year ago. Net income attributable to equity holders of the parent of CLP 558,997 million or CLP 5.82 per basic and diluted share compared to CLP 591,080 million or CLP 6.24 per basic and diluted share a year ago. Total cash flows used in operating activities were CLP 1,423,736 million compared to CLP 218,517 million a year ago. Purchases of property and equipment were CLP 31,476 million compared to CLP 31,513 million a year ago. Purchases of intangible assets were CLP 8,519 million compared to CLP 5,382 million a year ago. Book value per share of CLP 28.50 compared to CLP 26.78 a year ago. Return on average assets was 1.91% compared to 2.25% a year ago. Return on average equity was CLP 21.41% compared to CLP 24.43% a year ago.
For the fourth quarter of 2015, the company provided charge offs of CLP 57,745 million compared to CLP 70,429 million a year ago.
Banco de Chile is a full service financial institution, which is engaged in providing credit and non-credit products and services in Chile. The Bank offers a range of banking services to its customers, ranging from individuals to corporations. The Bank's segments include Retail, which focuses on individuals and small and medium-sized companies, where the product offering focuses on consumer loans, commercial loans, checking accounts, credit cards, credit lines and mortgage loans; Wholesale, which focuses on corporate clients and companies, where the product offering focuses on commercial loans, checking accounts and liquidity management services, debt instruments, foreign trade, derivative contracts and leases; Treasury, which includes the associated revenues to the management of the investment portfolio and the business of financial transactions and currency trading, and Subsidiaries, which corresponds to companies and corporations controlled by the Bank.
Banco De Chile Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2015; Announces Charge Offs for the Fourth Quarter of 2015
BANCO DE CHILE 
