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    Ewald Stark BittencourtBICE Investors

    Ewald Stark Bittencourt's questions to Banco de Chile (BCH) leadership

    Ewald Stark Bittencourt's questions to Banco de Chile (BCH) leadership • Q2 2025

    Question

    Ewald Stark Bittencourt noted the bank's very high capital ratio and asked for its targeted basic capital ratio for when loan growth eventually reactivates. He pressed for more specific guidance on where the ratio might settle in the coming years, given the bank's history of operating well above minimums.

    Answer

    Head of Financial Control Daniel Galarce reiterated the bank's strategy to use its excess capital to fund future business growth. He stated that once the economy reactivates, the bank aims to maintain a favorable gap of at least 1% (100 basis points) above all regulatory capital limits. He declined to provide a specific target ratio for the next few years, stating it would depend on the pace of economic and loan growth.

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    Ewald Stark Bittencourt's questions to LATAM Airlines Group SA (LTM) leadership

    Ewald Stark Bittencourt's questions to LATAM Airlines Group SA (LTM) leadership • Q1 2025

    Question

    Ewald Stark Bittencourt asked for the outlook on international segment yields and questioned the rationale for raising Brazil's growth guidance when Q1 growth was modest.

    Answer

    CEO Roberto Alvo Milosawlewitsch stated that while specific yield forecasts are not disclosed, expectations for stable demand are embedded in the overall guidance. Regarding Brazil, he explained that the increased capacity guidance is based on improved asset utilization, not adding more aircraft, allowing them to capitalize on network strengths in a stable market.

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