Banco de Chile.

Banco de Chile's net income soared in the first quarter of 2003, increasing nearly 138% compared to the same period last year. The Chilean bank also completed its merger with Banco Edwards, which caused operating expenses Operating expenses

The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. and provisions for loan losses to drop by more than 60%.

COPYRIGHT 2003 Freedom Magazines, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.

Reader Opinion

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:	net income; Dear Shareholder ...
Publication:	Latin Trade
Article Type:	Brief Article
Geographic Code:	3CHIL
Date:	Sep 1, 2003
Words:	47
Previous Article:	Unibanco's Finance Minister.(Trade Talk)(Uniao de Bancos Brasileiros S.A.)(Brief Article)
Next Article:	Banco de Galicia y Buenos Aires.(Dear Shareholder ...)(Brief Article)
Topics:	Banking industry Finance Mergers, acquisitions and divestments

Related Articles
BIG BANK WATCH.(Brief Article)(Statistical Data Included)
BIG BANK WATCH.(change in income between 1998 and 1999)(Brief Article)
Big bank watch. (Trade Talk).(Latin American banking industry ne ws briefs)(Brief Article)
Banco de Chile. (Dear Shareholder).(Brief Article)
Big bank watch. (Trade Talk).
Banco de Credito del Peru.(Dear Shareholder ...)(Banco Santander Central Hispano-Peru)(Brief Article)
Good, better, best.
Cleaning house.
Top 100 banks: ranked by assets as of Dec. 31, 2002.
Big bank watch: net income as of Sept. 30, 2003.(Trade Talk)(Banco de Chile, Banco Rio de la Plata and BBVA Bancomer)(Brief Article)