Bloomberg News

European Debt Crisis Impacting Chilean Banks, Central Bank Says

December 20, 2011

Dec. 20 (Bloomberg) -- Chilean banks are starting to feel the impact of external market conditions, the central bank said today in its financial stability report. Turmoil in Europe is impacting the spreads, not the quantity, of external credit, policy makers said, adding that foreign ownership of some Chilean banks poses a risk.

To contact the reporter on this story: Randall Woods in Santiago at rwoods13@bloomberg.net

To contact the editor responsible for this story: Philip Sanders at psanders@bloomberg.net


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