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Chile bank system May profits rise 0.2 pct vs April
June 30, 2011 / 4:52 PM / 6 years ago

Chile bank system May profits rise 0.2 pct vs April

SANTIAGO, June 30 (Reuters) - Chile’s banking sector profit rose 0.2 percent in May from April on better lending, the banking regulator said on Thursday.

The regulator said total loans in the banking system rose 9.7 percent in the 12 months to May.

Santander Chile (SAN.N) STG.SN, Chile’s largest bank, posted a net profit of 228 billion pesos ($488 million) in January to May. The regulator did not provide a year-ago figure.

The country’s No. 2 bank, Banco de Chile CHI.SN, earned 202 billion pesos ($432 million), the regulator said. ($1=467.31 pesos at the end of May) (Reporting by Antonio de la Jara; Writing by Alexis Krell; Editing by James Dalgleish)

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