Provided By Mz Data Products
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 6-K
 
REPORT OF FOREIGN ISSUER
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Act of 1934
 
For the month of February, 2006
 
 

of Chile, Bank
(Translation of Registrant's name into English)
 

Chile
(Jurisdiction of incorporation or organization)
 

Ahumada 251
Santiago, Chile
(Address of principal executive offices)
 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. 


   Form 20-F  ___X___                                                                                               Form 40-F _______

 Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g-3-2(b) under the Securities Exchange Act of 1934.  
Yes _______                                                                                            No ___X____

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

BANCO DE CHILE
REPORT ON FORM 6-K

 

Attached is an English translation of Banco de Chile and Subsidiaries Consolidated Financial Statements as of December 31, 2005 and 2004, released in Chilean newspapers on February 20, 2006.

The complete financial statements, together with their respective notes and the corresponding report of the external auditors, are available at www.bancochile.cl, as well as at Banco de Chile Principal Offices

 

 

Banco de Chile and Subsidiaries

 

Consolidated Financial Statements
as of December 31, 2005 and 2004

 

 

 


BANCO DE CHILE AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31,
(Expressed in million of Chilean pesos)
________________

    2005         2004 
ASSETS         
    MCh$       MCh$ 
 
    659,308.1    922,677.9 
CASH AND DUE FROM BANKS         
     
 
LOANS:         
   Commercial loans    3,510,901.7    2,970,510.5 
   Foreign trade loans    550,769.8    620,616.9 
   Consumer loans    864,144.1    716,757.7 
   Mortgage loans    670,346.7    849,397.3 
   Leasing contracts    454,805.0    356,231.4 
   Contingent loans    723,574.6    550,013.7 
   Other outstanding loans    1,335,020.9    969,946.8 
   Past due loans    71,348.7    87,734.0 
     
                             Total loans    8,180,911.5    7,121,208.3 
   Allowance for loan losses    (141,304.8)   (159,317.8)
     
                             Total loans, net    8,039,606.7    6,961,890.5 
     
 
OTHER LOANS:         
   Interbank loans    25,012.0    15,744.4 
   Investments purchased under agreements to resell    46,695.4    27,257.1 
     
                               Total other loans    71,707.4    43,001.5 
     
 
INVESTMENTS:         
   Government securities    611,538.1    946,547.6 
   Other financial investments    547,555.8    331,649.9 
   Investment collateral under agreements to repurchase    244,219.7    359,680.8 
   Assets held for leasing    22,103.6    27,809.2 
   Assets received in lieu of payment    10,449.5    16,710.5 
   Other non-financial investments    1.7    2.3 
     
                             Total investments    1,435,868.4    1,682,400.3 
     
 
OTHER ASSETS    336,660.5    243,550.9 
     
 
FIXED ASSETS:         
   Bank premises and equipment, net    142,449.6    137,446.3 
   Investments in other companies    7,160.3    5,606.5 
     
                             Total fixed assets    149,609.9    143,052.8 
     
                                             Total assets    10,692,761.0    9,996,573.9 
     

BANCO DE CHILE AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31,
(Expressed in million of Chilean pesos)
________________

LIABILITIES AND SHAREHOLDERS’ EQUITY    2005    2004 
    MCh$    MCh$ 
DEPOSITS AND OTHER LIABILITIES:         
   Current accounts    1,516,219.0    1,475,853.4 
   Time deposits    4,771,305.5    3,995,728.5 
   Other demand and time deposits    411,206.2    652,479.2 
   Securities sold under agreements to repurchase    270,749.6    361,653.1 
   Mortgage finance bonds    556,504.3    817,288.4 
   Contingent liabilities    723,907.0    551,330.2 
     
                             Total deposits and other liabilities    8,249,891.6    7,854,332.8 
     
 
BONDS ISSUED:         
   Bonds    324,703.6    188,049.5 
   Subordinated bonds    305,284.5    275,890.6 
     
                             Total bonds issued    629,988.1    463,940.1 
     
 
BORROWINGS FROM FINANCIAL INSTITUTIONS         
AND CENTRAL BANK:         
   Central Bank credit lines for renegotiation of loans    1,406.7    1,999.6 
   Other Central Bank borrowings    —    111,517.9 
   Borrowings from domestic financial institutions    90,160.2    27,349.4 
   Foreign borrowings    661,492.8    616,988.1 
   Other liabilities    33,743.2    46,461.0 
     
                             Total borrowings from financial institutions and  Central Bank    786,802.9    804,316.0 
     
 
OTHER LIABILITIES    250,971.1    175,168.0 
     
                             Total liabilities    9,917,653.7    9,297,756.9 
     
 
MINORITY INTEREST    1.0    1.2 
     
 
SHAREHOLDERS’ EQUITY:         
   Capital and reserves    596,254.4    539,210.6 
   Other equity accounts    (1,871.8)   1,482.8 
   Net income for the year    180,723.7    158,122.4 
     
                             Total shareholders’ equity    775,106.3    698,815.8 
     
                                             Total liabilities and shareholders’ equity    10,692,761.0    9,996,573.9 
     

BANCO DE CHILE AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31,
(Expressed in million of Chilean pesos)
________________

    2005     2004
     MCh$    MCh$
OPERATING RESULTS:         
   Interest revenue    680,148.1    562,933.6 
   Gains from trading activities    14,212.8    21,010.5 
   Income from fees and other services    173,340.8    151,041.4 
   Gains from foreign exchange transactions    7,570.7    18,295.6 
   Other operating income    14,266.4    21,663.6 
     
                             Total operating revenues    889,538.8    774,944.7 
   Less:         
   Interest expense    (310,350.7)   (222,636.7)
   Losses from trading activities    (10,924.3)   (24,274.2)
   Expenses from fees and other services    (32,735.8)   (28,467.4)
   Other operating expenses    (17,078.0)   (12,829.4)
     
                             Gross margin    518,450.0    486,737.0 
   Personnel salaries and expenses    (150,615.9)   (140,917.3)
   Administrative and other expenses    (108,926.1)   (92,154.3)
   Depreciation and amortization    (18,205.1)   (18,011.0)
     
                             Net margin    240,702.9    235,654.4 
   Provision for loan losses    (23,663.7)   (43,636.0)
     
                             Total operating income    217,039.2    192,018.4 
 
NON OPERATING RESULTS:         
   Non operating income    7,858.8    4,994.3 
   Non operating expenses    (12,014.5)   (12,596.9)
 Equity participation in net income (loss) in investments in other         
    companies    681.3    451.3 
   Net loss from price-level restatement    (11,449.8)   (7,734.5)
     
                             Income before income taxes    202,115.0               177,132.6 
   Income taxes    (21,390.9)   (19,009.1)
     
                             Income after income taxes    180,724.1    158,123.5 
   Minority interest    (0.4)   (1.1)
     
                             Net income for the year    180,723.7    158,122.4 
     

“The complete financial statements, together with their respective notes and the corresponding report of the external auditors, are available at www.bancochile.cl, as well as at Banco de Chile Principal Offices”

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

 
SIGNATURE
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: February 21, 2006

 
 Banco de Chile
/S/  Pablo Granifo L.
 
By: Pablo Granifo Lavín
General Manager