Loans from the banking system grew 4.35% in 12 months, explained by a greater expansion of commercial loans, while consumption and housing showed less dynamism, said the CMF.
During the day this Thursday it was announced that private banking records profits of more than US$3.2 billion so far this year, according to the Commission for the Financial Market (CMF).
It is an increase in 4.3% in placements in June, a performance that exceeds the 3% advance of May and the fall of the 4.8% that was registered the same month last year.
The commercial portfolio strongly boosted these results, expanding by 3.5%, which greatly exceeds the 1% advance from the previous month.
On the other hand, the portfolio consumption and housing they lost pace with growth of 6.4% and 4.4% respectively. In addition, the portfolio index with delinquency of 90 days or more increased from 1.38% to 1.41% in the month, as a result of the same movement in the three portfolios.
With this performance, private banking had profits of 585 million dollars in the sixth month of the year, accumulating 3,271 million so far in 2022, which corresponds to a 48.9% higher than last year.
Results of private banking between January and June 2022
Loans from savings and credit cooperatives supervised by the CMF dropped once more this month, falling 0.30% in 12 months.
The consumer portfolio, which accounted for 72.10% of the total, explained this behavior, when descending by 0.56%.
In 12 months, the commercial portfolio registered an increase of 3.04%, decelerating with respect to the previous month and a year ago. The housing portfolio fell by 0.17%, changing the trajectory registered until the previous month.
Banking system loans grew 4.35% in 12 months, explained by a greater expansion of commercial loans, while consumption and housing showed less dynamism.https://t.co/OgNoCkdWlc pic.twitter.com/PjHVnQbh2J
— Commission for the Financial Market (CMF) (@cmfchile_) July 28, 2022
In addition, the ratio of provisions over loans increased to 3.36% due to the increase in the housing index, while delinquency of 90 days or more climbed to 2.12% and the impaired portfolio to 5.94%. In both cases, due to the increase in the coefficients in the three portfolios.
Finally, the return on average equity was 16.69% and the return on average assets was 3.93%, both favorable compared to 12 months.
