EX-99.1 2 tmb-20230811xex99d1.htm EX-99.1

Exhibit 99.1

 

Graphic

 

 

Banco Itaú Chile and subsidiaries
As of and for the seven-month periods ended July 31, 2023 and 2022

 

The financial information of Banco Itaú Chile as of and for the seven-month periods ended July 31, 2023 and 2022 has been published on our website in accordance with Circular No 18 of the Chilean Commission for the Financial Market (or "CMF") dated September 1st, 2008. The unaudited financial information included herein has been prepared in accordance with the Compendium of Accounting Standards issued by CMF pursuant to Chilean Generally Accepted Accounting Principles (Chilean GAAP), which conform with the international standards of accounting and financial reporting issued by the International Accounting Standards Board (IASB) to the extent that there are not specific instructions or regulations to the contrary issued by the CMF.

Commencing on January 1, 2022, we have implemented the regulatory changes put in place by the new accounting standards compendium issued by the CMF.

 

 

 

CONDENSED CONSOLIDATED BALANCE SHEET

 

 

In Ch$ million

 

 

 

Jul'23

Jul'22

 

 

Total loans

27,290,658

26,613,717

 

 

Total assets

 

 

 

42,248,627

40,519,819

 

 

 

 

Deposits and other demand liabilities

5,649,464

6,673,714

 

 

Time deposits and other time liabilities

12,715,211

11,180,252

 

 

Interbank borrowings

5,010,438

5,373,943

 

 

Debt and regulatory capital instruments issued

8,179,299

7,360,578

 

 

 

 

Equity

 

 

 

3,626,807

3,212,712

 

 

Total equity attributable to equity holders of the Bank

3,623,506

3,209,663

 

 

Non-controlling interest

3,301

3,049

 

 

 

 

YTD CONSOLIDATED INCOME STATEMENT

With reclassification of financial hedges1

 

 

 

 

In Ch$ million

7M'23

7M'22

7M'23

7M'22

 

 

Net operating profit before provision for loan losses2

849,478

865,444

863,106

804,501

 

 

Loan losses expense3

(191,175)

(141,379)

(191,175)

(141,379)

 

 

Total operating expenses4

(414,510)

(413,993)

(414,510)

(413,993)

 

 

Operating income

243,793

310,072

257,421

249,129

 

 

Income from investments in companies

2,773

2,781

2,773

2,781

 

 

Operating income before income taxes

246,566

312,853

260,194

251,910

 

 

Income taxes

(5,795)

(40,982)

(19,423)

19,961

 

 

Consolidated income for the period

240,771

271,871

240,771

271,871

 

 

 

 

 

 

 

 

Net income attributable to holders of the Bank

240,745

271,846

240,745

271,846

 

 

Non-controlling interest

26

25

26

25

 

1– Includes the reclassification of foreign exchange gain or loss generated by hedge positions that neutralize the impacts of exchange rate variation on the fiscal value of our investments abroad.

2– Net operating profit before provision for loan losses includes $60,725 million corresponding to the up-front payment received for the granting of the right to exclusive access to Cardif to the bank's distribution channels, the implementation of which was completed in April 2023.

3– Includes $8,100 million of additional provisions established during the seven-month period ended July 31, 2023 ($26,668 million established during the seven-month period ended July 31, 2022).

4– Includes $3,701 million of restructuring provision ‒associated to non-recurring expenses related to the operational and digital transformation in Chile‒ established in April 2023. (Includes $8,351 million of restructuring provision ‒associated to non-recurring expenses related to the operational and digital transformation in Colombia‒ established in May 2022).

This financial information shall be considered provisional until the official figures are published by the Commission for the Financial Market.

 

Roxana Zamorano

Gabriel Moura

 

 

Chief Accounting Officer

Chief Executive Officer