Banco de Credito e Inversiones : Accumulated and Consolidated Results as of January 31st 2022

BANCO DE CREDITO E INVERSIONES AND SUBSIDIARIES

FINANCIAL INFORMATION

As of January 31, 2022

Shown below, are the cummulative and consolidated results of the Bank and subsidiaries as of and for the Period ended January, 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 -MMCh$)

ASSETS
Cash and deposits in banks	4,243,858
Items in course of collection	287,691
Financial assets to be traded at fair value through profit or loss	5,605,926
Financial derivative contracts	4,614,065
Debt financial instruments	823,690
Others	168,171
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	9,664,231
Debt financial instruments	9,664,231
Others	0
Financial derivative contracts for accounting coverage	1,632,834
Financial assets at amortized cost	43,154,725
Rights for repurchase agreements and securities loans	153,881
Debt financial instruments	2,588,895
Loans and receivables to banks	600,935
Loans and receivables to customers - Commercial	25,906,402
Loans and receivables to customers - Mortgage	10,664,426
Loans and receivables to customers - Consumer	3,240,186
Investments in other companies	33,589
Intangible assets	422,219
Property, plant and equipment, net	248,546
Right -of- use asset	178,264
Current income tax	21,971
Deferred income taxes	251,193
Other assets	1,264,462
Non-current assets and groups available for sale	45,468
TOTAL ASSETS	67,054,977
LIABILITIES
Items in course of collection	462,421
Financial liabilities to be traded at fair value through profit or loss	4,566,924
Financial derivative contracts	4,566,924
Others	0
Financial liabilities designated at fair value through profit or loss	0
Financial derivative contracts for accounting coverage	1,730,476
Financial liabilities at amortized cost:	52,087,261
Deposits and other on-demand liabilities	26,329,759
Deposits and other term loans	10,577,472
Obligations for repurchase agreements and securities loans	162,646
Bank borrowings	6,670,814
Debt issued	7,380,156
Other financial liabilities	966,414
Lease liabilities	163,559
Issued regulatory capital financial instruments	1,346,357
Provisions for contingencies	143,421
Provisions for dividends, payment of interest and revaluation of issued regulatory capital financial instruments	175,697
Special provisions for credit risk	427,199
Current income tax	133,589
Deferred income taxes	1,115
Other liabilities	1,300,847
Liabilities included in groups available for sale	0
TOTAL LIABILITIES	62,538,866
SHAREHOLDERS' EQUITY
Capital	3,862,386
Reserves	(22,860)
Accumulated other comprehensive income	265,324
Items that will not be reclassified in results	(6)
Elements that can be reclassified in results	265,330
Net income from prior periods	520,391
Profit or loss for the period	65,247
Less: Provisions for dividends, interest payments and revaluation of issued regulatory capital financial instruments	(175,697)
De los propietarios del banco:	4,514,791
Non-controlling interest	1,320
TOTAL SHAREHOLDERS' EQUITY	4,516,111
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY	67,054,977

BANCO DE CREDITO E INVERSIONES AND SUBSIDIARIES

FINANCIAL INFORMATION

As of January 31, 2022

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

	MM$
Interest income	191,799
Interest expenses	(55,032)
Net Interest income	136,767
Indexation for inflation income	61,193
Indexation for inflation expenses	(23,321)
Net indexation for inflation income	37,872
Fee and commission income	45,447
Fee and commission expense	(11,985)
Net fee and commission income	33,462
Financial result for
Financial assets and liabilities to trade	(47,059)
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	44,241
Reclassifications of financial assets due to change in business model	0
Other financial result	0
Net financial result	(2,818)
Share of profit (loss) of investments accounted for using the equity method	(8)
Result of non-current assets and disposal groups for sale not admissible as discontinued operations	816
Other operating income	4,168
TOTAL OPERATING INCOME	210,259
Expenses for employee benefit obligations	(50,139)
Administrative expenses	(28,006)
Depreciation and amortization	(9,598)
Impairment of non-financial assets	0
Other operating expenses	(1,698)
TOTAL OPERATING EXPENSES	(89,441)
OPERATING INCOME BEFORE CREDIT LOSSES	120,818
Credit loss expense for:
Provisions for credit risk owed by banks and loans and accounts receivable from customers	(33,773)
Special provisions for credit risk	(19,683)
Recovery of written-off credits	5,611
Impairment due to credit risk of other financial assets at amortized cost and financial assets at fair value with changes in other comprehensive income	(389)
Credit loss expense	(48,234)
TOTAL NET OPERATING INCOME	72,584
Income from continuing operations before taxes	72,584
Income tax expense	(7,319)
Income from continuing operations after taxes	65,265
Income from discontinued operations before taxes	0
Discontinued operations taxes	0
Income from discontinued operations after taxes	0
CONSOLIDATED PROFIT FOR THE PERIOD	65,265
Attributable to:
Equity holders of the Bank	65,247
Non-controlling interest	18

As of January 31, 2022, Banco de Crédito e Inversiones has constituted additional provisions with a charge to results in the line provision for loan losses of Ch$23,858 million (before taxes).

Alfredo Mendoza Osorio	Eugenio Von Chrismar
Accounting Officer	CEO