The Board of the Chile Financial Market Commission (CMF) approved its annual assessment of systemically important banks and set the related additional core equity requirements. Based on banks’ information as of December 2025 and with the prior favourable agreement of the Central Bank of Chile, the CMF maintained the systemic designation for the same six banks as in the previous review, while increasing the requirement for Banco del Estado de Chile. The systemically important banks are 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 at 1% for Banco Itaú Chile, 1.25% for Banco de Chile and Scotiabank Chile, and 1.5% for Banco Santander-Chile and Banco de Crédito e Inversiones; Banco del Estado de Chile increases from 1.25% to 1.5%. The assessment follows the methodology in Chapter 21-11 of the Updated Compilation of Banking Regulations, which considers size, interconnectedness, substitutability in providing financial services, and business-model and operational complexity. The CMF noted this is the fifth year of setting additional core equity requirements linked to systemic importance, and that under the phased implementation schedule the additional requirements must be constituted in December 2026.
Chile Financial Market Commission 2026-03-30
Chile Financial Market Commission keeps six banks designated as systemically important and lifts Banco del Estado de Chile’s additional core equity requirement to 1.5%
The Chile Financial Market Commission has completed its annual assessment of systemically important banks, maintaining the designation of six banks and increasing the additional core equity requirement for Banco del Estado de Chile. Additional core equity requirements, as a share of risk-weighted assets, remain at 1% for Banco Itaú Chile, 1.25% for Banco de Chile and Scotiabank Chile, and 1.5% for Banco Santander-Chile and Banco de Crédito e Inversiones, while Banco del Estado de Chile rises from 1.25% to 1.5%. The assessment, under Chapter 21-11 of the Updated Compilation of Banking Regulations, is in its fifth year and the additional requirements must be met in December 2026.