Chile Financial Market Commission (CMF) published its report on the performance of supervised banks and savings and credit cooperatives as of February 2026, presenting indicators on activity, credit risk and results. The banking system reported total loans of USD 316,140 million, down 1.07% in real terms over 12 months, and cumulative profits of USD 991 million, down 4.65%. Savings and credit cooperatives reported loans of USD 4,130 million, up 7.42%, and cumulative results of USD 15 million, down 21.15%. In banks, the annual contraction in lending moderated as the commercial portfolio declined less, while consumer loans expanded for a tenth consecutive month and housing loans rose slightly but at a slower rate than in January. Credit risk indicators were mixed, with the loan-loss provisions index at 2.61%, the 90-days-or-more arrears ratio at 2.42%, and the impaired portfolio ratio at 6.14%; CMF also noted provisions coverage increased in-month but fell versus 12 months earlier. The decline in profits was attributed to lower interest and readjustment margins and broader recognition of tax expenses following accounting adjustments that shifted part of taxes to future periods as deferred taxes, partially 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%. In cooperatives, loan growth accelerated, led by consumer and housing portfolios (68.51% and 27.23% of loans), which grew 5.07% and 14.76% respectively, while all reported credit risk indices increased versus January, with the provisions index at 4.08%, the 90-days-or-more arrears ratio at 2.35%, and the impaired portfolio ratio at 8.45%; profitability ratios declined year-on-year, with return on average assets at 2.41% and return on average equity at 11.77%.

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