The Financial Market Commission (CMF) published its Report on the Performance of the Banking System and Cooperatives as of February 2026, setting out activity, risk and results indicators for supervised banks and savings and credit cooperatives. For banks, total loans stood at USD 316,140 million, a 1.07% real contraction over 12 months, with the decline moderating due to a smaller fall in the commercial portfolio; consumer lending rose for the 10th consecutive month and housing loans increased slightly. Credit risk indicators were mixed, with the loan-loss provisions index at 2.61%, while the 90+ days arrears ratio fell to 2.42% and the impaired portfolio ratio to 6.14%. Cumulative profits were USD 991 million, down 4.65% in real terms over 12 months, attributed to lower interest and readjustment margins and higher recognised tax expenses after accounting adjustments that shift part of taxes to future periods, partly offset by lower operating expenses and improved net financial results; return on average equity fell to 14.81% while return on average assets rose to 1.31%. For savings and credit cooperatives, loans reached USD 4,130 million, up 7.42% in real terms over 12 months, driven by consumer and housing portfolios (68.51% and 27.23% of loans) growing 5.07% and 14.76%, respectively. Risk indices increased versus January, with the provisions index at 4.08%, the 90+ days arrears ratio at 2.35% and the impaired portfolio ratio at 8.45%. Cumulative results were USD 15 million, down 21.15% in real terms over 12 months, reflecting higher net provision expenses and lower net fees, and profitability declined year on year to 2.41% (ROAA) and 11.77% (ROAE).

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