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(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g-3-2(b): 82- ____.)

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BANCO DE CHILE
REPORT ON FORM 6-K

Attached is an English translation of the press release published by Banco de Chile on June 17, 2005, regarding the special preemptive offer of shares in connection to the program to repurchase its common stock.

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Banco de Chile and Subsidiaries

Consolidated Financial Statements
as of June 30, 2005 and 2004

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		2005		2004
ASSETS
		MCh$		MCh$
		1,209,934.1		685,603.5
CASH AND DUE FROM BANKS
LOANS:
Commercial loans		3,085,034.9		2,703,660.5
Foreign trade loans		701,163.6		722,307.9
Consumer loans		754,875.0		654,439.7
Mortgage loans		713,445.7		1,058,937.0
Leasing contracts		394,871.0		314,394.8
Contingent loans		632,241.0		505,588.4
Other outstanding loans		1,127,181.9		612,026.3
Past due loans		82,009.0		98,744.8
Total loans		7,490,822.1		6,670,099.4
Allowance for loan losses		(139,119.9)		(165,137.3)
Total loans, net		7,351,702.2		6,504,962.1
OTHER LOANS:
Interbank loans		7,543.3		53,014.0
Investments purchased under agreements to resell		29,605.7		50,317.6
Total other loans		37,149.0		103,331.6
INVESTMENTS:
Government securities		812,277.5		1,140,674.6
Other financial investments		284,608.2		385,836.9
Investment collateral under agreements to repurchase		292,110.2		477,039.5
Assets held for leasing		11,880.8		21,630.8
Assets received in lieu of payment		14,841.0		16,995.5
Other non-financial investments		2.0		2.3
Total investments		1,415,719.7		2,042,179.6
OTHER ASSETS		386,416.7		350,762.8
FIXED ASSETS:
Bank premises and equipment, net		136,899.9		132,979.4
Investments in other companies		7,041.9		4,981.9
Total fixed assets		143,941.8		137,961.3
Total assets		10,544,863.5		9,824,800.9

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BANCO DE CHILE AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS AS OF JUNE 30,
(Expressed in million of Chilean pesos)

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LIABILITIES AND SHAREHOLDERS’ EQUITY		2005		2004
		MCh$		MCh$
DEPOSITS AND OTHER LIABILITIES:
Current accounts		1,499,862.1		1,388,301.3
Time deposits		4,221,093.5		3,953,941.6
Other demand and time deposits		749,958.2		646,732.1
Securities sold under agreements to repurchase		298,145.4		484,272.2
Mortgage finance bonds		621,536.7		1,001,377.1
Contingent liabilities		632,774.2		506,836.1
Total deposits and other liabilities		8,023,370.1		7,981,460.4
BONDS ISSUED:
Bonds		270,435.9		2,823.2
Subordinated bonds		303,342.9		274,448.4
Total bonds issued		573,778.8		277,271.6
BORROWINGS FROM FINANCIAL INSTITUTIONS
AND CENTRAL BANK:
Central Bank credit lines for renegotiation of loans		1,587.1		2,361.2
Borrowings from domestic financial institutions		252,883.9		3,539.0
Foreign borrowings		697,555.3		652,022.6
Other liabilities		45,974.6		43,364.2
Total borrowings from financial institutions and
Central Bank		998,000.9		701,287.0
OTHER LIABILITIES		330,112.9		249,229.9
Total liabilities		9,925,262.7		9,209,248.9
MINORITY INTEREST		0.9		0.9
SHAREHOLDERS’ EQUITY:
Capital and reserves		524,440.7		525,660.1
Other equity accounts		2,061.9		5,286.1
Net income for the year		93,097.3		84,604.9
Total shareholders’ equity		619,599.9		615,551.1
Total liabilities and shareholders’ equity		10,544,863.5		9,824,800.9

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		2005		2004
		MCh$		MCh$
OPERATING RESULTS:
Interest revenue		304,626.1		284,139.8
Gains from trading activities		11,046.7		15,638.2
Income from fees and other services		79,716.2		70,143.3
Other operating income		5,639.5		9,290.5
Total operating revenues		401,028.5		379,211.8
Less:
Interest expense		(124,375.9)		(97,751.1)
Losses from trading activities		(5,087.0)		(8,990.7)
Expenses from fees and other services		(14,988.1)		(13,927.8)
Loss from foreign exchange transactions		(5,000.1)		(18,239.7)
Other operating expenses		(6,136.3)		(5,956.3)
Gross margin		245,441.1		234,346.2
Personnel salaries and expenses		(73,751.9)		(64,994.1)
Administrative and other expenses		(47,763.0)		(41,124.0)
Depreciation and amortization		(8,772.8)		(8,367.0)
Net margin		115,153.4		119,861.1
Provision for loan losses		(7,335.9)		(22,043.6)
Total operating income		107,817.5		97,817.5
NON OPERATING RESULTS:
Non operating income		3,285.1		2,552.7
Non operating expenses		(5,693.2)		(4,299.0)
Equity participation in net income (loss) in investments in other
companies		421.8		177.9
Net loss from price-level restatement		(2,026.4)		(1,960.7)
Income before income taxes		103,804.8		94,288.4
Income taxes		(10,707.3)		(9,682.7)
Income after income taxes		93,097.5		84,605.7
Minority interest		(0.2)		(0.8)
Net income for the year		93,097.3		84,604.9

 

Héctor Hernández G.                                                                                                                                       Pablo Granifo L.
General Accounting Manager                                                                                                                        Chief Executive Officer

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