Banco Internacional Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 29, 2022
Share
Banco Internacional reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net interest income was CLP 33,222 million compared to CLP 13,245 million a year ago. Net income was CLP 20,169 million compared to CLP 8,644 million a year ago.
For the nine months, net interest income was CLP 59,745 million compared to CLP 42,775 million a year ago. Net income was CLP 40,681 million compared to CLP 20,298 million a year ago. Basic earnings per share from continuing operations was CLP 10.85. Diluted earnings per share from continuing operations was CLP 10.85.
Banco Internacional SA is a Chile-based banking institution. It provides a range of products and related services to different kind of customers. It operates through three segments: Commercial Bank, People Bank and Treasury and Investments. Commercial Bank offers to business customers leasing, factoring, credit cards and financing, among others active products. Its passive products include current accounts in both local and foreign currency, deposits and funds, among others. Additionally, it offers services, such as cash collecting and management, among others. People Bank provides natural persons with current accounts, credit cards, deposits, funds, loans and mortgages, among others. Treasury and Investments covers the activities of the Finance Management Department, such as treasury, trading, financial management and distribution. The Bank is active locally through its subsidiaries and a network of branches.