• Most Popular
  • Most Shared

Chile bank sector profits rise in September

Thu Oct 29, 2009 9:09am EDT

SANTIAGO, Oct 29 (Reuters) - The Chilean banking system reported a 6.72 percent rise in net profit in September from August, lifted by a growing loan portfolio and a decrease in loan loss provisions, the banking regulator said on Thursday.

The bank sector's profit in the month was $202 million and in the nine months to September totaled $1.55 billion, the agency said.

The regulator is reporting bank earnings using new international accounting rules, which means the figures are not fully comparable on a year-on-year basis. ($1 = 546,07 pesos at end September) (Reporting by Antonio de la Jara; writing by Louise Egan; editing by Gerald E. McCormick)



More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets