Banco De Chile ADR BCH

Morningstar Rating

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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