Earnings Call Summary | Banco De Chile(BCH.US) Q1 2024 Earnings Conference
Earnings Call Summary | Banco De Chile(BCH.US) Q1 2024 Earnings Conference
The following is a summary of the Banco De Chile (BCH) Q1 2024 Earnings Call Transcript:
以下是智利银行（BCH）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Banco De Chile reported a Q1 net income of CLP298 billion, equivalent to a return on average equity of 22.6%.
Operating revenues grew 11% year-on-year, boosted by a 14% rise in customer income and modest loan volume growth.
Notable loan categories that had strong performance include mortgage and consumer loans, with respective growth rates of 7.8% and 4.5%.
Liquidity coverage ratio reached 237% and the CET1 was 13.3%, demonstrating the bank's robust financial position.
The bank's cost of risk remained stable at 1.2%, despite a rise in expected credit losses.
Expenses for the quarter rose by 8%, influenced by a year-on-year inflation rate of 4.3%.
智利银行报告称，第一季度净收入为 CLP298 亿美元，相当于平均股本回报率为22.6％。
营业收入同比增长11％，这得益于客户收入增长14％和贷款量适度增长。
表现强劲的主要贷款类别包括抵押贷款和消费贷款，分别增长7.8％和4.5％。
流动性覆盖率达到237％，CET1为13.3％，这表明该银行的财务状况良好。
尽管预期的信贷损失有所增加，但该银行的风险成本仍稳定在1.2％。
受4.3％的同比通货膨胀率的影响，该季度的支出增长了8％。
Business Progress:
业务进展：
The bank has consistently worked on operational improvements like the launch of a new digital savings account, and digitalizing sales processes in retail banking.
To drive efficiency, initiatives like the simplification of branch functions and a new procure-to-pay system have been implemented.
In keeping with sustainability efforts, Banco De Chile has commenced measuring their loan portfolio's carbon footprint.
For the future, the bank anticipates a continuation in the growth of commercial, consumer, and mortgage loans.
The bank aims to further improve customer service and satisfaction by adopting more digital solutions and increasing its market share in consumer loans.
With a proactive approach to regulatory changes, the bank prepares to adopt a new methodology for default probability and loss calculation by 2025.
Despite a deteriorating mortgage portfolio and a rise in NPLs, the bank remains optimistic expecting improved figures in the second half of the year and upward adjustments to its GDP and CPI forecast.
该银行一直在努力改善运营，例如推出新的数字储蓄账户，以及对零售银行的销售流程进行数字化。
为了提高效率，已经实施了简化分支机构职能和新的采购到付款系统等举措。
为了与可持续发展努力保持一致，智利银行已开始衡量其贷款组合的碳足迹。
该银行预计，未来，商业、消费和抵押贷款将继续增长。
该银行旨在通过采用更多的数字解决方案和增加其在消费贷款中的市场份额来进一步改善客户服务和满意度。
通过积极应对监管变革，该银行准备在2025年之前采用新的方法来计算违约概率和损失。
尽管抵押贷款组合恶化，不良贷款增加，但该银行仍然乐观地预计下半年数字将有所改善，其国内生产总值和消费者价格指数预测将向上调整。
More details: Banco De Chile IR
更多详情： 智利银行 IR
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