Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
14 November 2023 - 8:43AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
For the month of November 2023
(Commission File No. 001-32305)
BANCO ITAÚ CHILE
(Translation of registrant’s name into English)
Av. Presidente Riesco 5537
Las Condes
Santiago, Chile
(Address of registrant’s principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b) (1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b) (7):
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
On November 10, 2023, Banco Itaú Chile published on its website its results as of and for the ten-month periods ended October 31, 2023 and 2022, which are attached hereto as Exhibit 99.1.
EXHIBIT INDEX
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.
| | |
| BANCO ITAÚ CHILE |
| (Registrant) |
| |
| |
| By: | /s/ Cristián Toro Cañas |
| Name: | Cristián Toro Cañas |
| Title: | General Counsel |
Date: November 13, 2023.
Exhibit 99.1
| 
| |
| | |
| Banco Itaú Chile and subsidiaries
As of and for the ten-month periods ended October 31, 2023 and 2022 | |
| The financial information of Banco Itaú Chile as of and for the ten-month periods ended October 31, 2023 and 2022 has been published on our website in accordance with Circular No 18 of the Chilean Commission for the Financial Market (or "CMF") dated September 1st, 2008. The unaudited financial information included herein has been prepared in accordance with the Compendium of Accounting Standards issued by CMF pursuant to Chilean Generally Accepted Accounting Principles (Chilean GAAP), which conform with the international standards of accounting and financial reporting issued by the International Accounting Standards Board (IASB) to the extent that there are not specific instructions or regulations to the contrary issued by the CMF. Commencing on January 1, 2022, we have implemented the regulatory changes put in place by the new accounting standards compendium issued by the CMF. | |
| | |
| CONDENSED CONSOLIDATED BALANCE SHEET | | | | | | |
| In Ch$ million | | | | Oct'23 | Oct'22 | |
| Total loans | | | | 27,422,388 | 27,211,272 | |
| Total assets | | | | 42,941,628 | 41,282,486 | |
| | | | | | | |
| Deposits and other demand liabilities | | | | 5,494,352 | 6,026,698 | |
| Time deposits and other time liabilities | | | | 13,584,719 | 12,258,551 | |
| Interbank borrowings | | | | 5,232,202 | 5,101,481 | |
| Debt and regulatory capital instruments issued | | | | 8,070,225 | 7,520,795 | |
| | | | | | | |
| Equity | | | | 3,632,204 | 3,324,166 | |
| Total equity attributable to equity holders of the Bank | | | | 3,628,910 | 3,321,254 | |
| Non-controlling interest | | | | 3,294 | 2,912 | |
|
| | |
| YTD CONSOLIDATED INCOME STATEMENT | | | | With reclassification of financial hedges1 | |
| | | | | | | |
| In Ch$ million | 10M'23 | 10M'22 | | 10M'23 | 10M'22 | |
| Net operating profit before provision for loan losses 2 | 1,247,251 | 1,306,527 | | 1,208,102 | 1,217,928 | |
| Loan losses expenses 3 | (271,616) | (249,886) | | (271,616) | (249,886) | |
| Total operating expenses 4 | (613,885) | (605,883) | | (613,885) | (605,883) | |
| Operating income | 361,750 | 450,758 | | 322,601 | 362,159 | |
| Income from investments in companies | 3,662 | 3,335 | | 3,662 | 3,335 | |
| Operating income before income taxes | 365,412 | 454,093 | | 326,263 | 365,494 | |
| Income taxes | (58,609) | (58,493) | | (19,460) | 30,106 | |
| Consolidated income for the period | 306,803 | 395,600 | | 306,803 | 395,600 | |
| | | | | | | |
| Net income attributable to holders of the Bank | 306,785 | 395,559 | | 306,785 | 395,559 | |
| Non-controlling interest | 18 | 41 | | 18 | 41 | |
|
| 1- Includes the reclassification of foreign exchange gain or loss generated by hedge positions that neutralize the impacts of exchange rate variation on the fiscal value of our investments abroad. 2- Net operating profit before provision for loan losses includes $60,725 million corresponding to the up-front payment received for the granting of the right to exclusive access to Cardif to the bank's distribution channels, the implementation of which was completed in April 2023. 3- Includes $8,100 million of additional provisions established during the ten-month period ended October 31, 2023 ($46,668 million established during the ten-month period ended October 31, 2022). 4- Includes $4,946 million of restructuring provision ‒ associated to non-recurring expenses related to the operational and digital transformation in Chile, from which $3,701 million were established in the month of April 2023, and $1,245 million in the month of October 2023. ($8,351 million of restructuring provision ‒ associated to non-recurring expenses related to the operational and digital transformation in Colombia – established in the month of May 2022). | |
| | |
| | |
| This financial information shall be considered provisional until the official figures are published by the Commission for the Financial Market. | |
| | |
| | |
| | |
| Roxana Zamorano | | | | Gabriel Moura | |
| Chief Accounting Officer | | | | Chief Executive Officer | |
| | | | | | | |
Banco Itau Chile (NYSE:ITCL)
Historical Stock Chart
From Apr 2024 to May 2024
Banco Itau Chile (NYSE:ITCL)
Historical Stock Chart
From May 2023 to May 2024
