December 9, 2024 - The Board of the Financial Market Commission (CMF) sanctioned Banco Internacional today because of deficiencies in the information it submits to the Commission for the Registry of Debtors. The bank breached Sections 3, 4 and 5 of Chapter 18-5 of the Updated Compilation of Rules for Banks, and Article 14 of the General Banking Act for reporting arrears amounts lower than the real figures.

Per Resolution No. 11,095, Banco Internacional received a fine of UF 200.

The infringed regulations aim to protect the integrity of debtors' data so it is reliable and allows a correct assessment of clients' financial risk. This information is used by credit entities in the process of evaluating and granting loans.

The CMF elaborates its Debt Report, which contains the debt a person has with supervised institutions, based on such information. People can request their Debt Report on-site at the Commission or remotely.