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ESG Documents and Policies
The Environmental, Social and Climate Responsibility Policy (PRSAC) consists of a set of principles and guidelines of an environmental, social and climate nature to be followed in the performance of ...
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CHILE – Sequential activity decline in September
According to the Central Bank, the Monthly Index of Economic Activity (IMACEC) contracted sequentially for the second consecutive month, with widespread sectoral declines. Total activity dropped 0.8% ...
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CHILE – Lower-than-expected unemployment rate in 3Q
According to the INE’s labor market survey, the unemployment rate fell to 8.7% in 3Q24, below both the Bloomberg markets consensus and our 8.9% call. The unemployment rate implies a 0.2pp fall over ...
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COLOMBIA – Unemployment rate declined at the margin in September
The unemployment rate fell sequentially, but employment dropped at the margin. According to DANE’s September labor market survey, the national unemployment rate fell to 9.1%, down 0.1pp over one year, ...
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CHILE – Activity picks up in 3Q
Mining led the activity recovery in 3Q, but manufacturing improved and retail posted a broadly steady, and elevated annual gain, consolidation the view of a transitory downturn in 2Q. Retail sales ...
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CHILE – Credit: Contraction of commercial loans persists
According to the Financial Market Commission, the banking system’s stock of outstanding real loans in Chile fell in September by 2.64% YoY, after declining by 2.04% in August (-2.65% in September 2023 ...
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COLOMBIA – Monetary Policy Meeting: A cautious stance is maintained with a 50bp cut.
The interest rate returned to single digits. In a divided decision, BanRep maintained the pace of cuts at 50bp from 10.25% to 9.75%. As in the previous meeting, three members voted for a larger cut ...
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CHILE – Public Finance: Starting to shake off the revenue gloom?
Gradual moderation in spending continues, as revenues improve. Even though real revenues rose by 11% YoY in September, a real expenditure increase of 2.5% led to a monthly fiscal balance of -0.4% of ...
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Transición climática
Queremos ser el Banco de la Transición Climática para nuestros clientes y para ello nos comprometemos al lograr cero emisiones netas de gases de efecto invernadero (GEI) de nuestros negocios para 2050 ...
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Documentos e políticas ESG
A Política de Responsabilidade Social, Ambiental e Climática (PRSAC) consiste no conjunto de princípios e diretrizes de natureza social, ambiental e climática a serem observados na condução dos ...
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ARGENTINA – Fiscal surpluses continued in 3Q24
Argentina’s treasury ran yet another primary surplus in September, reaching ARS 816.4 billion, significantly above the deficit of ARS 380.5 billion posted one year earlier. The nominal fiscal balance ...
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ARGENTINA – Another trade surplus in September
The trade balance reached a surplus of USD 1.0 billion in September, well above the USD 0.7 billion deficit registered in the same month of 2023. The surplus was below market expectations according to ...