Chilean Lending in Pictures

The Chilean banking system saw a recovery in loan growth and increased profitability in May 2026. Covered banks BCH, BCI, and BSAC are currently outperforming Goldman Sachs' quarterly estimates.

Key Takeaways

• 1.System loan growth accelerated by 60bps to 3.8% yoy in May 2026, supported by commercial loans and mortgages.
• 2.ROE for the banking system increased to 23.1% in May due to a 240bps increase in spreads and resulting NII expansion.
• 3.Banks under coverage (BCH, BCI, BSAC) are tracking 2Q26 earnings above initial estimates.

Table of Contents

• System-wide growth acceleration driven by commercial loans and mortgages
• Stronger profitability due to higher spreads
• Funding overview
• BCH: Loan growth, asset quality and profitability
• BSAC: Loan growth, asset quality and profitability
• BCI: Loan growth, asset quality and profitability
• Loan balances, growth, and NPL ratios by type
• BCH: Monthly and Quarterly financials
• BSAC: Monthly and Quarterly financials
• BCI: Monthly and Quarterly financials

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