Banco de Crédito e Inversiones (BCI) Corporate presentation summary

Market position and business model

• Holds leading position in Chile by total loans and assets, with $78.81bn in assets and $57.87bn in loans as of September 2024, and a diversified business model including international subsidiaries.

• Maintains a strong presence in the U.S. through City National Bank of Florida, the third largest Florida-based bank, and operations in Peru and other international markets.

• Serves approximately 6 million customers and has a market capitalization of $6.22bn, with a robust credit rating profile (A2/A-/A-).

• Recognized for best-in-class corporate governance and long-term shareholder support, with a board composed of diverse experts and two independent directors.

• Strategic priorities include digital transformation, sustainable growth, prudent risk management, and international expansion.

Financial performance and growth

• Achieved 4.4% YoY loan growth, mainly from mortgages and commercial loans, and a 25.8% increase in net income for the first nine months of 2024.

• Operating income grew 9% QoQ, with local net interest margin (NIM) up 28bps to 4.1% and local fees up 17% QoQ.

• Efficiency ratio improved to 48.9% as of September 2024, with operating expenses in line with inflation targets.

• Successfully issued a second $500 million AT1 bond at a 7.5% rate, with demand exceeding the offering by 3.5 times.

• Investment portfolio repositioning at City National Bank aimed at enhancing NIM and future earnings.

Asset quality and risk management

• Maintains a well-diversified loan portfolio, with the 20 largest loans accounting for less than 10% of total loans.

• NPL ratio remains low at 1.18% as of September 2024, with consumer, commercial, and mortgage NPLs all showing improvement or stability.

• Additional provisions exceed $320 million, supporting asset quality through proactive risk management.

• Loan loss provisions/average gross loans at 2.43%, with a strong focus on monitoring and early detection of risks.