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Banco de Chile April profit down 5.3 pct vs March
May 18, 2010 / 8:51 PM / 7 years ago

Banco de Chile April profit down 5.3 pct vs March

SANTIAGO, May 18 (Reuters) - Chile’s No. 2 bank, Banco de Chile CHI.SN, said on Tuesday profit fell a preliminary 5.3 percent in April from March, which traders said was likely due to increased loan provisions.

Banco de Chile, controlled by Chile’s Luksic group and Citigroup Inc (C.N), posted a profit of 38,166 million pesos ($73 million) in April.

The bank had a profit of 138,972 million pesos ($267 million) in the first four months of the year, up 80 percent from the same period last year, according to analyst calculations.

Banco de Chile had a profit of $509 million in 2009. (Reporting by Antonio de la Jara; Writing by Alonso Soto; Editing by Steve Orlofsky)

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