Banco de Credito e Inversiones : Accumulated and Consolidated Results as of February 28

BANCO DE CREDITO E INVERSIONES AND SUBSIDIARIES

FINANCIAL INFORMATION

As of February 28, 2022

Shown below, are the cummulative and consolidated results of the Bank and subsidiaries as of and for the Period ended February, 2022. These results have already been delivered to the Financial Market Commission.

This data is provisional until it is officially published by the referred organization.

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (In millions of Chilean pesos -MCh$)

ASSETS
Cash and deposits in banks	2,745,357
Items in course of collection	446,190
Financial assets to be traded at fair value through profit or loss	6,227,766
Financial derivative contracts	5,320,443
Debt financial instruments	811,956
Others	95,367
Financial assets not held for trading compulsorily valued at fair value through profit or loss	0
Financial assets designated at fair value through profit or loss	0
Financial assets at fair value with changes in other comprehensive income	10,010,092
Debt financial instruments	10,010,092
Others	0
Financial derivative contracts for accounting coverage	1,657,841
Financial assets at amortized cost	43,866,690
Rights for repurchase agreements and securities loans	466,151
Debt financial instruments	2,708,287
Loans and receivables to banks	611,237
Loans and receivables to customers - Commercial	26,067,215
Loans and receivables to customers - Mortgage	10,765,783
Loans and receivables to customers - Consumer	3,248,017
Investments in other companies	32,824
Intangible assets	418,724
Property, plant and equipment, net	248,179
Right -of- use asset	176,533
Current income tax	17,320
Deferred income taxes	305,994
Other assets	1,403,942
Non-current assets and groups available for sale	46,018
TOTAL ASSETS	67,603,470
LIABILITIES
Items in course of collection	684,645
Financial liabilities to be traded at fair value through profit or loss	5,226,554
Financial derivative contracts	5,226,554
Others	0
Financial liabilities designated at fair value through profit or loss	0
Financial derivative contracts for accounting coverage	2,019,905
Financial liabilities at amortized cost:	51,560,411
Deposits and other on-demand liabilities	26,080,593
Deposits and other term loans	10,209,918
Obligations for repurchase agreements and securities loans	357,430
Bank borrowings	6,450,210
Debt issued	7,502,175
Other financial liabilities	960,085
Lease liabilities	162,496
Issued regulatory capital financial instruments	1,364,032
Provisions for contingencies	102,447
Provisions for dividends, payment of interest and revaluation of issued regulatory capital financial instruments	190,794
Special provisions for credit risk	435,209
Current income tax	124,028
Deferred income taxes	1,918
Other liabilities	1,336,071
Liabilities included in groups available for sale	0
TOTAL LIABILITIES	63,208,510
SHAREHOLDERS' EQUITY
Capital	3,862,386
Reserves	(22,831)
Accumulated other comprehensive income	108,948
Items that will not be reclassified in results	(50)
Elements that can be reclassified in results	108,998
Net income from prior periods	520,391
Profit or loss for the period	115,569
Less: Provisions for dividends, interest payments and revaluation of issued regulatory capital financial instruments	(190,794)
De los propietarios del banco:	4,393,669
Non-controlling interest	1,291
TOTAL SHAREHOLDERS' EQUITY	4,394,960
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY	67,603,470

BANCO DE CREDITO E INVERSIONES AND SUBSIDIARIES

FINANCIAL INFORMATION

As of February 28, 2022

CONSOLIDATED STATEMENTS OF INCOME (In millions of Chilean pesos -MCh$)

	MM$
Interest income	355,963
Interest expenses	(107,210)
Net Interest income	248,753
Indexation for inflation income	167,402
Indexation for inflation expenses	(76,681)
Net indexation for inflation income	90,721
Fee and commission income	82,574
Fee and commission expense	(22,550)
Net fee and commission income	60,024
Financial result for
Financial assets and liabilities to trade	(53,161)
Financial assets not held for trading compulsorily valued at fair value through profit or loss	0
Financial assets and liabilities designated at fair value through profit or loss	0
Result for derecognizing financial assets and liabilities at amortized cost and financial assets at fair value with changes in other comprehensive income	0
Foreign currency changes, readjustments and hedge accounting	52,502
Reclassifications of financial assets due to change in business model	0
Other financial result	0
Net financial result	(659)
Share of profit (loss) of investments accounted for using the equity method	486
Result of non-current assets and disposal groups for sale not admissible as discontinued operations	1,550
Other operating income	8,273
TOTAL OPERATING INCOME	409,148
Expenses for employee benefit obligations	(97,691)
Administrative expenses	(55,082)
Depreciation and amortization	(18,784)
Impairment of non-financial assets	0
Other operating expenses	(4,581)
TOTAL OPERATING EXPENSES	(176,138)
OPERATING INCOME BEFORE CREDIT LOSSES	233,010
Credit loss expense for:
Provisions for credit risk owed by banks and loans and accounts receivable from customers	(82,188)
Special provisions for credit risk	(27,886)
Recovery of written-off credits	10,295
Impairment due to credit risk of other financial assets at amortized cost and financial assets at fair value with changes in other comprehensive income	(4,198)
Credit loss expense	(103,977)
TOTAL NET OPERATING INCOME	129,033
Income from continuing operations before taxes	129,033
Income tax expense	(13,445)
Income from continuing operations after taxes	115,588
Income from discontinued operations before taxes	0
Discontinued operations taxes	0
Income from discontinued operations after taxes	0
CONSOLIDATED PROFIT FOR THE PERIOD	115,588
Attributable to:
Equity holders of the Bank	115,569
Non-controlling interest	19

As of February 28, 2022, Banco de Crédito e Inversiones has constituted additional provisions with a charge to results in the line provision for loan losses of Ch$28,688 million (before taxes).

Alfredo Mendoza Osorio	Eugenio Von Chrismar
Accounting Officer	CEO