Banco De Chile ADR

BCH: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$31.00	Zjgwnr	Kspzqfj

Economic Risks for Banco de Chile Are Decreasing as Inflation Falls and Credit Costs Remain Modest

Michael Miller

Mar 26, 2024

Business Strategy and Outlook

Banco de Chile’s reputation and long history in Chile have allowed it to attract a large pool of noninterest-bearing deposits, giving it a lower cost of funds than most of its rivals. This funding advantage has contributed to the bank’s impressive profitability, historically delivering returns on equity in the mid to high teens.

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