Banco De Chile ADR

BCH: XNYS (USA)
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Increasing Our Fair Value Estimate for Banco de Chile

Business Strategy and Outlook

Banco de Chile's reputation and long history in Chile have enabled it to attract a large pool of non-interest-bearing deposits, resulting in a lower cost of funds compared with 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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