The 17 banks operating in Chile earned CLP 4,344,982 million between January and September 2026 (about US$4,477 million at the September 30 rate of CLP 970.46), a real increase of 2.78% over twelve months, according to the Financial Market Commission (CMF). Banco de Chile tops the ranking with CLP 946,928 million, followed by Santander (CLP 892,844 million) and Bci (CLP 872,692 million). The top four account for 72% of the system's profits. The figures come from the CMF, Monthly financial report of the banking system, September 2026 and the CMF, Banking system and cooperatives performance report, September 2026.
View the data as a table
| System profit | $4.34 trillion |
| Real 12-month increase | 2.78% |
| Return on average equity (ROAE) | 15.07% |
| 90+ day delinquency | 2.36% |
Bank profits through September 2026: the ranking
BancoEstado ranks fourth, with CLP 415,440 million, despite being the third-largest bank by assets. Itaú, fifth by assets, earned CLP 144,101 million, less than Scotiabank, Bice and Banco Falabella. At the other end, Tanner Banco Digital has a cumulative loss of CLP 13,269 million. Itaú presents its third-quarter results to investors today, Monday the 9th, at 11:00. To see which bank is the largest by assets and loans, check our ranking of Chile's largest banks.
| Bank | Jan-Sep profit (CLP M) | ROAE | Efficiency | 90-day delinquency |
|---|---|---|---|---|
| Banco de Chile | 946,928 | 21.19% | 35.94% | 1.67% |
| Santander | 892,844 | 23.75% | 32.98% | 3.54% |
| Bci | 872,692 | 14.41% | 45.24% | 1.28% |
| BancoEstado | 415,440 | 12.41% | 48.62% | 4.02% |
| Scotiabank | 353,626 | 11.48% | 39.98% | 2.66% |
| Bice | 214,475 | 13.61% | 50.98% | 1.57% |
| Banco Falabella | 191,148 | 28.18% | 33.50% | 2.95% |
| Itaú | 144,101 | 5.85% | 66.64% | 1.98% |
| Banking system | 4,344,982 | 15.07% | 43.29% | 2.36% |
Source: CMF, Monthly financial report of the banking system, September 2026. ROAE: annualized after-tax profit over average equity. Efficiency: operating expenses over operating income (lower is better). Delinquency: loans 90+ days past due over total loans.
Profitability and delinquency: who earns more per peso
By profitability, the leader is not the largest. Banco Falabella posts an ROAE of 28.18%, followed by Santander (23.75%) and Banco de Chile (21.19%). Itaú comes in at 5.85%, with the worst efficiency among the big banks: it spends 66.64% of its income on operations, versus 32.98% at Santander. In 90-day delinquency, BancoEstado (4.02%) and Santander (3.54%) are above average; Bci (1.28%) and Bice (1.57%), below it.
View the data as a table
| 90+ day delinquency | ROAE | |
|---|---|---|
| Banco de Chile | 2% | 21% |
| Santander | 4% | 24% |
| Bci | 1% | 14% |
| BancoEstado | 4% | 12% |
| Scotiabank | 3% | 11% |
| Itaú | 2% | 6% |
| Bice | 2% | 14% |
| Banco Falabella | 3% | 28% |
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See advertising optionsBank delinquency and lending in 2026
The 90+ day delinquency of the banking system and cooperatives rose to 2.36% in September from 2.34% in August, though it remains below the 2.38% of a year earlier. Impaired loans fell to 5.84% and provision coverage dropped to 106.61%. Bank lending grew just 0.93% in real terms over twelve months: commercial loans rose 1.57%, mortgages 0.93% and consumer loans fell 1.56%, with installment loans at -2.44% (CMF, Banking system and cooperatives performance report, September 2026). If you are behind on a debt, this article on delinquent debtors explains how many Chileans are in that situation.
View the data as a table
| 90-day delinquency | |
|---|---|
| Sep-25 | 2.38% |
| Oct-25 | 2.38% |
| Nov-25 | 2.37% |
| Dec-25 | 2.42% |
| Jan-26 | 2.44% |
| Feb-26 | 2.42% |
| Mar-26 | 2.38% |
| Apr-26 | 2.37% |
| May-26 | 2.36% |
| Jun-26 | 2.41% |
| Jul-26 | 2.34% |
| Aug-26 | 2.34% |
| Sep-26 | 2.36% |
View the data as a table
| ROAE | Impaired loans | |
|---|---|---|
| Sep-25 | 15.43% | 6.02% |
| Oct-25 | 15.60% | 6.02% |
| Nov-25 | 15.00% | 6.04% |
| Dec-25 | 14.95% | 6.12% |
| Jan-26 | 15.25% | 6.20% |
| Feb-26 | 14.74% | 6.17% |
| Mar-26 | 14.45% | 6.07% |
| Apr-26 | 14.87% | 6.02% |
| May-26 | 15.50% | 5.99% |
| Jun-26 | 15.65% | 5.98% |
| Jul-26 | 15.44% | 5.92% |
| Aug-26 | 15.01% | 5.91% |
| Sep-26 | 14.99% | 5.84% |
| Banco de Chile | 946,928 | 55,912,333 | 21.19% | 35.94% | 1.67% |
| Santander | 892,844 | 78,140,567 | 23.75% | 32.98% | 3.54% |
| Bci | 872,692 | 90,870,744 | 14.41% | 45.24% | 1.28% |
| BancoEstado | 415,440 | 63,077,940 | 12.41% | 48.62% | 4.02% |
| Scotiabank | 353,626 | 46,319,343 | 11.48% | 39.98% | 2.66% |
| Bice | 214,475 | 22,256,026 | 13.61% | 50.98% | 1.57% |
| Banco Falabella | 191,148 | 7,987,874 | 28.18% | 33.50% | 2.95% |
| Itaú | 144,101 | 52,316,064 | 5.85% | 66.64% | 1.98% |
| BTG Pactual | 92,547 | 8,680,514 | 14.84% | 40.04% | 0.00% |
| Banco Consorcio | 74,147 | 12,329,101 | 11.21% | 48.78% | 2.72% |
| Banco Internacional | 57,240 | 7,019,317 | 17.43% | 49.66% | 2.31% |
| JP Morgan | 40,932 | 2,613,168 | 10.08% | 31.21% | 0.00% |
| Banco Ripley | 31,708 | 1,511,593 | 15.05% | 45.02% | 3.63% |
| HSBC | 22,786 | 2,022,274 | 20.87% | 43.87% | 0.00% |
| China Construction Bank | 5,008 | 316,004 | 5.08% | 60.95% | 0.00% |
| Bank of China | 2,630 | 144,970 | 3.90% | 64.78% | 0.00% |
| Tanner | -13,269 | 1,200,569 | No data | 125.50% | 0.04% |
What these figures mean for customers
A profitable banking system with controlled delinquency is generally a solvent one, something the CMF and the Central Bank will review at this week's Financial Policy Meeting. For customers, the most relevant figure is another one: consumer lending keeps falling, which usually comes with banks being stricter when approving loans and cards. If you are looking for a bank, our ranking of Chile's best banks combines solvency, complaints and satisfaction.
- System assets: CLP 452,718,400 million.
- Total loans: CLP 288,953,062 million.
- System efficiency: 43.29% of income goes to operating expenses.
- Supervised cooperatives: earned US$88 million, 3.08% less in real terms, with 2.50% delinquency.
Bank by bank: consumer and mortgage delinquency
The average hides large differences. In consumer loans, the system's 90-day delinquency is 2.65%: BancoEstado (3.29%) and Scotiabank (3.25%) are above it, and Bice (1.44%) below. In mortgages, the system stands at 2.57%, with BancoEstado at 4.46%, and Banco de Chile at 1.62%. By profit, Santander has CLP 892,844 million through September, 11.9% more than in 2025 according to its SEC filing, although its quarterly profit fell 4.2%, as we reported in Santander Chile's results.
| Bank | Consumer delinquency | Mortgage delinquency | Loans (CLP M) |
|---|---|---|---|
| Bci | 2.56% | 1.77% | 62,265,801 |
| Santander | 2.34% | 3.37% | 42,846,856 |
| Banco de Chile | 2.36% | 1.62% | 41,378,266 |
| BancoEstado | 3.29% | 4.46% | 39,746,573 |
| Scotiabank | 3.25% | 2.03% | 32,292,793 |
| Itaú | 2.52% | 1.75% | 30,173,040 |
| Bice | 1.44% | 0.91% | 17,118,266 |
| Banco Falabella | 2.73% | 3.78% | 5,114,487 |
Source: CMF, Monthly financial report of the banking system, September 2026. Delinquency: loans 90+ days past due as a percentage of each portfolio, at amortized cost.
Frequently asked questions about bank profits
How much did banks in Chile earn through September 2026?
CLP 4,344,982 million attributable to owners, about US$4,477 million; the period's result grew 2.78% in real terms from a year earlier.
Which bank earned the most in 2026?
Banco de Chile, with CLP 946,928 million between January and September.
Which bank is the most profitable?
Among banks that lend to individuals, Banco Falabella, with an ROAE of 28.18%.
What is the delinquency rate of Chilean banks?
Loans 90+ days past due were 2.36% of total loans in September 2026, according to the CMF.
How much did BancoEstado earn through September 2026?
CLP 415,440 million, with an ROAE of 12.41% and the highest 90-day delinquency among the big banks: 4.02%.
What is a bank's ROAE?
It is the return on average equity: how much the bank earns in a year for every 100 pesos of its owners' capital. Chilean banking's ROAE was 15.07% through September 2026.
Where are bank results published?
The CMF publishes a monthly report with the financial statements of all banks and a system performance report. Banks listed in New York, such as Banco de Chile and Santander, also report to the SEC.
