Bloomberg reports that new accounting rules will allow Banco de Chile, the country’s second-largest lender, to boost dividend payments.  The International Financial Reporting Standards that have applied to Chilean banks since Jan. 1 eliminate monetary adjustment charges among other changes, according to a report by Celfin Capital.  These changes, which will be partly countered by lower loan growth and inflation estimates for 2009, should result in the bank paying out higher amounts of dividends in forthcoming years,” per analysts.

Advertisements