J.P. MORGAN Virtual: Southern Cone & Andean Opportunities Conference 2020
June 23, 2020 at 08:17 pm EDT
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As of June 30th, 2019
Banco de Chile 2Q19 Financial
1.Chilean Macro Environment
2.Chilean Banking Industry
3.Banco de Chile Overview
Results
1. Chilean Macro Environment
Gross Fiscal Debt (Debt / GDP, %)
As a result of:
Strong policy framework (Independent Central Bank, Inflation targeting since 1989, and Counter Cyclical Fiscal Rule since 2001).
Strong institutional foundation.
Strong resilience to international shocks.
Best performance in LATAM during the last 30 years; per capita GDP is 50% above LATAM average.
120
100
80
60
40
20
0
2002
2004
2006
2008
2010
2012
2014
2016
2017
2018
Emerg.EcChileAdv.Ec
Free Trade Agreements with 85% Global GDP
Foreign Direct Investment 5% of GDP in the last 3 yearsTrade Volume 50% of GDP
Agriculture3%
Pub. Admin.4%
Construction7%
Retail9%
Mining10%
Manufacturing10%
Others23%
Services34%
5
Source: International Monetary Fund (IMF) & Central Bank of Chile
An economy open to the world
GDP by sector (Main sectors, % of total, 2018)GDP per Capita (PPT, Thounsands of USD, 2018)FDI in Chile (Stock, %, 2018)
USA 11%
Canada 10%
Spain 8%
Netherlands 6%
Brazil 4%
UK 3%
Japan 2%
EXPORTS BY
FDI in Chile (Stock, %, 2018)
Financial Services 28%
Minning 27%
Electricity, Gas & Water 6%
Manufacturing 4%
Transport 3%
Retail 3%
Sector (% of total, 2018)
Grain1%
Wine2%
Forestry3%
Machinery3%
Pulp6%
Salmon6%
Chemicals7%Fruit8%
Other Proc. Food13%
Total Exports: USD 75 Bn
Copper48%
Destination (% of total, 2018)
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Disclaimer
Banco de Chile published this content on 24 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 June 2020 00:16:04 UTC
Banco de Chile is a full service financial institution, which is engaged in providing credit and non-credit products and services in Chile. The Bank offers a range of banking services to its customers, ranging from individuals to corporations. The Bank's segments include Retail, which focuses on individuals and small and medium-sized companies, where the product offering focuses on consumer loans, commercial loans, checking accounts, credit cards, credit lines and mortgage loans; Wholesale, which focuses on corporate clients and companies, where the product offering focuses on commercial loans, checking accounts and liquidity management services, debt instruments, foreign trade, derivative contracts and leases; Treasury, which includes the associated revenues to the management of the investment portfolio and the business of financial transactions and currency trading, and Subsidiaries, which corresponds to companies and corporations controlled by the Bank.
BANCO DE CHILE 
