Banco de Crédito e Inversiones (BCI) Q2 2026 earnings summary

Executive summary

• Net income for 1H 2026 rose 21% year-over-year, reaching $699 million, with strong contributions from Chilean operations and City National Bank, and robust diversified business model.

• Efficiency ratio improved by 452 basis points year-over-year to 45.6%, with operating expenses down 2.5% and technology investments supporting cost control.

• Loan portfolio grew 6.13% year-over-year, led by commercial and consumer segments, and demand deposits rose 10.21%.

• Asset quality improved: credit loss expenses down 14%, NPLs ≥90 days at 1.36%, and coverage ratio robust at 130–139.43%.

• Strategic milestones included Bci Group incorporation, AI product launches, and opening of Chile’s first entrepreneurship hub.

Financial highlights

• Q2 2026 net income reached $386.8 million, up 37.5% year-over-year; total operating income rose 19.7% year-over-year.

• Net interest and indexation income increased 14.8% year-over-year; net fee income up 9.99–10% year-over-year.

• Credit loss expenses improved by 14% year-over-year to $160.9 million.

• International operations: Peru assets up 43.7% year-over-year, Miami net income up 69.4% year-over-year.

• Total equity base increased 10.1% to $8.5 billion; CET1 ratio at 11.26–11.3%.

Outlook and guidance

• 2026 consolidated net income guidance raised to 17–19% growth, with ROAE expected at 15%.

• Chile loan growth forecast at 6–7%, NIM flat, double-digit fee income growth, and 1% decrease in core operating expenses.

• City National Bank expects 8–10% loan growth, 3% NIM, and net income up 35%.

• Cost of risk projected to remain flat at current levels.

• Macroeconomic forecasts: Chile GDP growth 1.0%, U.S. 2.1%, Peru 3.0% for 2026.