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

BANCO DE CREDITO E INVERSIONES AND SUBSIDIARIES

FINANCIAL INFORMATION

As of May 31, 2022

Shown below, are the cummulative and consolidated results of the Bank and subsidiaries as of and for the Period ended May, 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	3,353,182
Items in course of collection	265,238
Financial assets to be traded at fair value through profit or loss	6,832,466
Financial derivative contracts	5,948,936
Debt financial instruments	734,502
Others	149,028
Financial assets not held for trading compulsorily valued at fair value through profit or loss	-
Financial assets designated at fair value through profit or loss	-
Financial assets at fair value with changes in other comprehensive income	9,602,434
Debt financial instruments	9,602,434
Others	-
Financial derivative contracts for accounting coverage	1,719,781
Financial assets at amortized cost	46,102,929
Rights for repurchase agreements and securities loans	141,384
Debt financial instruments	2,878,305
Loans and receivables to banks	624,989
Loans and receivables to customers - Commercial	27,541,286
Loans and receivables to customers - Mortgage	11,545,675
Loans and receivables to customers - Consumer	3,371,290
Investments in other companies	37,206
Intangible assets	424,394
Property, plant and equipment, net	249,174
Right -of- use asset	172,910
Current income tax	125,327
Deferred income taxes	329,616
Other assets	1,612,858
Non-current assets and groups available for sale	47,587
TOTAL ASSETS	70,875,102
LIABILITIES
Items in course of collection	220,313
Financial liabilities to be traded at fair value through profit or loss	5,830,643
Financial derivative contracts	5,830,643
Others	-
Financial liabilities designated at fair value through profit or loss	-
Financial derivative contracts for accounting coverage	2,308,939
Financial liabilities at amortized cost:	54,539,107
Deposits and other on-demand liabilities	26,080,817
Deposits and other term loans	12,881,160
Obligations for repurchase agreements and securities loans	250,817
Bank borrowings	6,424,112
Debt issued	7,539,479
Other financial liabilities	1,362,722
Lease liabilities	159,783
Issued regulatory capital financial instruments	1,412,928
Provisions for contingencies	109,691
Provisions for dividends, payment of interest and revaluation of issued regulatory capital financial instruments	102,199
Special provisions for credit risk	458,167
Current income tax	604
Deferred income taxes	1,418
Other liabilities	1,245,418
Liabilities included in groups available for sale	-
TOTAL LIABILITIES	66,389,210
SHAREHOLDERS' EQUITY
Capital	3,862,386
Reserves	336,427
Accumulated other comprehensive income	47,453
Items that will not be reclassified in results	31
Elements that can be reclassified in results	47,422
Net income from prior periods	-
Profit or loss for the period	340,665
Less: Provisions for dividends, interest payments and revaluation of issued regulatory capital financial instruments	(102,199)
De los propietarios del banco:	4,484,732
Non-controlling interest	1,160
TOTAL SHAREHOLDERS' EQUITY	4,485,892
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY	70,875,102

BANCO DE CREDITO E INVERSIONES AND SUBSIDIARIES

FINANCIAL INFORMATION

As of May 31, 2022

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

	MM$
Interest income	954,150
Interest expenses	(330,374)
Net Interest income	623,776
Indexation for inflation income	531,583
Indexation for inflation expenses	(263,187)
Net indexation for inflation income	268,396
Fee and commission income	211,167
Fee and commission expense	(58,480)
Net fee and commission income	152,687
Financial result for
Financial assets and liabilities to trade	(7,481)
Financial assets not held for trading compulsorily valued at fair value through profit or loss	-
Financial assets and liabilities designated at fair value through profit or loss	-
Result for derecognizing financial assets and liabilities at amortized cost and financial assets at fair value with changes in other comprehensive income	-
Foreign currency changes, readjustments and hedge accounting	3,528
Reclassifications of financial assets due to change in business model	-
Other financial result	-
Net financial result	(3,953)
Share of profit (loss) of investments accounted for using the equity method	2,529
Result of non-current assets and disposal groups for sale not admissible as discontinued operations	4,885
Other operating income	23,308
TOTAL OPERATING INCOME	1,071,628
Expenses for employee benefit obligations	(251,906)
Administrative expenses	(150,244)
Depreciation and amortization	(46,456)
Impairment of non-financial assets	-
Other operating expenses	(12,942)
TOTAL OPERATING EXPENSES	(461,548)
OPERATING INCOME BEFORE CREDIT LOSSES	610,080
Credit loss expense for:
Provisions for credit risk owed by banks and loans and accounts receivable from customers	(197,555)
Special provisions for credit risk	(49,522)
Recovery of written-off credits	36,516
Impairment due to credit risk of other financial assets at amortized cost and financial assets at fair value with changes in other comprehensive income	(15,577)
Credit loss expense	(226,138)
TOTAL NET OPERATING INCOME	383,942
Income from continuing operations before taxes	383,942
Income tax expense	(43,218)
Income from continuing operations after taxes	340,724
Income from discontinued operations before taxes	-
Discontinued operations taxes	-
Income from discontinued operations after taxes	-
CONSOLIDATED PROFIT FOR THE PERIOD	340,724
Attributable to:
Equity holders of the Bank	340,665
Non-controlling interest	59

As of May 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$48,900 million (before taxes).

Alfredo Mendoza Osorio	Eugenio Von Chrismar
Accounting Officer	CEO