EX-99.1 2 tmb-20230912xex99d1.htm EX-99.1

Exhibit 99.1

 

Graphic

 

 

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

 

 

The financial information of Banco Itaú Chile as of and for the eight-month periods ended August 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

 

 

 

Aug'23

Aug'22

 

 

Total loans

27,310,468

26,784,037

 

 

Total assets

 

 

 

41,602,139

41,596,394

 

 

 

 

 

 

Deposits and other demand liabilities

5,759,015

6,454,367

 

 

Time deposits and other time liabilities

13,024,833

11,832,657

 

 

Interbank borrowings

4,996,110

5,370,152

 

 

Debt and regulatory capital instruments issued

8,166,779

7,533,420

 

 

 

 

 

 

Equity

 

 

 

3,599,991

3,249,702

 

 

Total equity attributable to equity holders of the Bank

3,596,812

3,246,729

 

 

Non-controlling interest

3,179

2,973

 

 

 

 

YTD CONSOLIDATED INCOME STATEMENT

With reclassification of financial hedges1

 

 

 

 

In Ch$ million

8M'23

8M'22

8M'23

8M'22

 

 

Net operating profit before provision for loan losses 2

969,401

992,527

971,198

937,833

 

 

Loan losses expenses 3

(215,848)

(175,330)

(215,848)

(175,330)

 

 

Total operating expenses 4

(475,946)

(476,884)

(475,946)

(476,884)

 

 

Operating income

277,607

340,313

279,404

285,619

 

 

Income from investments in companies

2,929

2,841

2,929

2,841

 

 

Operating income before income taxes

280,536

343,154

282,333

288,460

 

 

Income taxes

(16,711)

(28,704)

(18,508)

25,990

 

 

Consolidated income for the period

263,825

314,450

263,825

314,450

 

 

 

 

 

 

 

 

Net income attributable to holders of the Bank

263,801

314,412

263,801

314,412

 

 

Non-controlling interest

24

38

24

38

 

 

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 eight-month period ended August 31, 2023 ($36,668 million established during the eight-month period ended August 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