RIO DE JANEIRO, BRAZIL - The Financial Market Commission (CMF) reported a sharp increase in bank profits on Thursday.
According to the regulator, in November, the system's profits reached CLP458,192 million (US$548 million), while the accumulated result in 2021 was CLP3,505,900 million (US$4.190 billion), a figure that evidences a growth of 197.26% in 12 months.
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"This variation is produced by the lower comparison base in November 2020, mainly due to the recognition . . .
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