Banco De Chile ADR
BCH: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$71.00 | Wqthy | Gwrhwwg |
Economic Risks for Banco de Chile Are Decreasing as Inflation Falls and Credit Costs Remain Modest
Business Strategy and Outlook
Banco de Chile’s reputation and long history in Chile have allowed it to attract a large pool of noninterest-bearing deposits, giving it a lower cost of funds than most of its rivals. This funding advantage has contributed to the bank’s impressive profitability, historically delivering returns on equity in the mid to high teens.