The Chile Financial Market Commission published its July 2025 report on the performance of supervised banks and savings and credit cooperatives, covering activity, credit risk and results. The figures point to a return to modest real loan growth in the banking system alongside improved profitability, while cooperatives posted stronger year-on-year loan growth driven by consumer lending amid mixed movements in credit risk metrics. In the banking system, total loans reached USD 278,994 million, up 0.48% in real terms over 12 months, supported by a smaller contraction in the commercial portfolio, a third consecutive monthly increase in consumer lending and a slight rise in housing loans versus June. Credit risk indicators fell in the consumer portfolio and mostly declined in the commercial portfolio, while all housing indicators increased; provisions coverage rose versus both the prior month and a year earlier. Cumulative profits were USD 321 million, up 6.25% in real terms over 12 months, reflecting lower taxes and operating expenses and higher net fee income that offset weaker interest and readjustment margins, lifting return on average equity to 15.53% and return on average assets to 1.34%; the loan-loss provisions index stood at 2.57% and the 90-days-or-more arrears ratio at 2.3%. For savings and credit cooperatives, total loans were USD 3,441 million, up 6.71% in real terms over 12 months, with the consumer portfolio accounting for 69.59% of operations and expanding 5.13% in real terms over 12 months. Credit risk indices increased versus June, driven by rises in consumer indicators, while commercial and housing indicators fell and the consumer impaired-portfolio ratio was unchanged. Results were USD 5 million, up 35.09% in real terms over 12 months, supported by higher interest margins alongside higher support expenses, with return on average equity at 14.08% and return on average assets at 2.94%; the provisions index was 4.06% and the 90-days-or-more arrears ratio 2.38%.

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