Bancontander Chile (Bancontander Chile) Credit Losses Provision : $392 Mil (As of Dec. 2023)

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What is Bancontander Chile Credit Losses Provision?

Bancontander Chile's credit losses provision for the three months ended in Dec. 2023 was $-33 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $392 Mil.

Bancontander Chile's quarterly credit losses provision declined from Jun. 2023 ($146 Mil) to Sep. 2023 ($134 Mil) and declined from Sep. 2023 ($134 Mil) to Dec. 2023 ($-33 Mil).

Bancontander Chile's annual credit losses provision increased from Dec. 2021 ($336 Mil) to Dec. 2022 ($411 Mil) but then declined from Dec. 2022 ($411 Mil) to Dec. 2023 ($370 Mil).

Bancontander Chile Credit Losses Provision Historical Data

The historical data trend for Bancontander Chile's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Bancontander Chile Credit Losses Provision Chart

Bancontander Chile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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434.20

656.09

336.19

411.18

369.76

Bancontander Chile Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial															119.27	144.74	146.32	133.62	-33.12

Bancontander Chile Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $392 Mil.

Bancontander Chile (Bancontander Chile) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Santander Chile (NYSE:BSAC) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

BSA:Germany BSANTANDER:Chile B1SA34:Brazil

Address

Bandera 140, 20th Floor, Santiago, CHL

Website

https://www.santander.cl

Founded in 1978, Banco Santander Chile is part of the Santander group and majority controlled by Santander Spain. Banco Santander is the largest bank in Chile by loans and the second largest by deposits. The bank generates most of its net interest income (roughly 65% of total revenue) from its mortgage, unsecured consumer credit lines, and commercial loans. Banco Santander's commercial loan business is more focused on small- to medium-sized companies, with firms generating more than CLP 10,000 million in revenue only making up around 5% of outstanding loans. Outside of lending, Banco Santander is the largest card issuer in the country with around 25% of the market and benefits from a long-term strategic partnership with the largest airline in the country LATAM Chile.