Chile Financial Market Commission reaffirms six systemically important banks and raises Banco del Estado de Chile core equity surcharge to 1.5 percent

The Chile Financial Market Commission approved its annual designation of systemically important banks and the associated additional core equity requirements, based on banks’ information as of December 2025 and with prior favourable agreement by the Central Bank of Chile. The same six banks as in the previous review period retain systemic status, with surcharges unchanged except for Banco del Estado de Chile. Systemic relevance continues to apply to Banco de Chile, Banco de Crédito e Inversiones, Banco del Estado de Chile, Banco Itaú Chile, Banco Santander-Chile and Scotiabank Chile. The additional core equity requirements (as a share of risk-weighted assets) remain 1.0 percent for Banco Itaú Chile, 1.25 percent for Banco de Chile and Scotiabank Chile, and 1.5 percent for Banco Santander-Chile and Banco de Crédito e Inversiones, while Banco del Estado de Chile increases from 1.25 percent to 1.5 percent. The underlying methodology in Chapter 21-11 of the Updated Compilation of Banking Regulations assesses banks across size, interconnectedness, substitutability of services, and business model and operational complexity. The CMF noted this is the fifth year of setting additional core equity requirements linked to the systemic importance assessment, and that under the gradual implementation framework these requirements must be constituted in December 2026.