Banco Itau Chile (Banco Itau Chile) Credit Losses Provision : $439 Mil (As of Sep. 2023)

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What is Banco Itau Chile Credit Losses Provision?

Banco Itau Chile's credit losses provision for the three months ended in Sep. 2023 was $93 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Sep. 2023 was $439 Mil.

Banco Itau Chile's quarterly credit losses provision declined from Mar. 2023 ($116 Mil) to Jun. 2023 ($92 Mil) but then increased from Jun. 2023 ($92 Mil) to Sep. 2023 ($93 Mil).

Banco Itau Chile's annual credit losses provision declined from Dec. 2020 ($640 Mil) to Dec. 2021 ($303 Mil) but then increased from Dec. 2021 ($303 Mil) to Dec. 2022 ($385 Mil).

Banco Itau Chile Credit Losses Provision Historical Data

The historical data trend for Banco Itau 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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Banco Itau Chile Credit Losses Provision Chart

Banco Itau Chile Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Credit Losses Provision

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402.19

513.92

639.58

302.96

384.84

Banco Itau Chile Quarterly Data
	Mar14	Jun14	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Credit Losses Provision	Get a 7-Day Free Trial															100.30	137.56	116.46	92.09	93.19

Banco Itau 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $439 Mil.

Banco Itau Chile (Banco Itau Chile) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Itau Chile (OTCPK:ITCLY) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

D8S:Germany ITAUCL:Chile

Address

Presidente Riesco 5537, Las Condes, Santiago, CHL

Website

https://www.itau.cl

Banco Itau Chile is a commercial bank from Chile. The bank has operations in Colombia, Panama, the United States, and Spain. CorpBanca offers commercial and retail banking products, mainly to individuals and midsize and large corporations. The product portfolio consists of treasury and financial advisory, securities brokerage, asset management, insurance brokerage, investment banking, payment products, legal services, cash management, international trade, mortgages, and consumer credit.