Strong Financial Performance: Banco de Chile reported a net income of CLP 288 billion in Q3 2024, representing an 11% year-on-year increase and a return on average equity of 21.3%, outperforming industry peers. This performance reflects effective capital use and robust customer income growth, particularly from loans.

Loan Growth Forecast: The bank expects nominal loan growth of around 5% for 2025, driven by a recovery in consumer confidence and a more stable economic environment. This growth is anticipated against the backdrop of improving GDP growth from 0.2% in 2023 to 2.3% in 2024.

Challenges Ahead: Despite the positive outlook, the bank acknowledges the ongoing uncertainties surrounding political scenarios, particularly with upcoming elections and potential shifts in economic policies. These factors could impact business investments and the broader economic recovery.