Banco De Chile (NYSE:BCH)
$ 22.855 0.055 (0.24%) Market Cap: 11.54 Bil Enterprise Value: 21.25 Bil PE Ratio: 7.07 PB Ratio: 2.06 GF Score: 77/100
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Q1 2022 Banco de Chile Earnings Call Transcript

May 04, 2022 / 04:30PM GMT
Release Date Price: $20.65 (+2.99%)
Rodrigo Aravena
Banco de Chile - Chief Economist & Senior VP of Institutional Relations

Good afternoon, everyone. Thank you very much for attending this conference call today. It is a great honor for us to present the financial results posted by Banco de Chile during the first quarter of this year, a period that, once again, we continued leading the industry in different aspects.

In order to present these achievements, we have divided this call into 3 main sections. First, an analysis of the macroeconomic environment that we faced, including our forecast for this and the following year. Then we will review the main accomplishments and advances in our key strategic areas, such as digital banking, efficiency and sustainability. Then we will finalize with a deep analysis of financial results.

Let me start with a general overview of the Chilean economy. Please go to Slide #3. The economy expanded strongly in 2021 as the GDP went up by 11.7%, achieving the highest figure in our recent history. As we mentioned in previous conference call, this was positively influenced by temporary

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