Banco Chile SEC Filings

Banco de Chile reports fourth-quarter 2025 and full-year 2025 results showing slightly lower profits but still strong profitability versus the local industry. Net income reached Ch$265,537 million in 4Q25, down 10.9% year-on-year, mainly due to lower inflation-driven non-customer income and higher credit losses.

For 2025, net income was Ch$1,192,262 million, a modest 1.3% decline versus 2024 as reduced treasury and inflation-related income more than offset higher customer income and lower risk costs. The bank’s net financial margin was 4.91% in 2025, above the industry, supported by loan growth and better lending spreads.

Asset quality remained comparatively solid. The credit loss expense ratio improved to 0.97% for 2025 and past-due loans over 90 days were 1.68% at year-end, materially below the Chilean banking system. Operating expenses fell 3.5% in 4Q25, driving a cost-to-income ratio of 37.4% for 2025 and reinforcing the efficiency focus.

Banco de Chile reports solid, broadly stable results for 2025. Net income reached MCh$1,192,262, only slightly below 2024’s MCh$1,207,392, with basic and diluted earnings per share of $11.80 versus $11.95 a year earlier.

Total assets grew to MCh$54,100,903 from MCh$52,095,441, while total equity increased to MCh$5,799,535, reflecting profit retention after dividend distributions. Loans to customers remained sizable, with commercial, mortgage and consumer portfolios together above MCh$38 trillion, funded mainly by current accounts and time deposits.

Operating income was MCh$3,026,043 and net operating income after credit losses was MCh$1,513,183. Credit loss expense stayed high at MCh$381,922, slightly below 2024. Comprehensive income, which includes valuation and hedge effects, totaled MCh$1,178,726.

From a cash perspective, operating activities generated MCh$1,302,397, while financing cash flows were negative MCh$327,341 after paying MCh$995,380 in common dividends and servicing bond obligations. Cash and cash equivalents ended the year at MCh$5,322,146, up from MCh$4,489,586.

Banco de Chile reports that its Board of Directors has agreed to call an Ordinary Shareholders’ Meeting for March 26, 2026. At this meeting, the Board plans to propose distributing 84.7% of the net income for the fiscal year ended December 31, 2025, as dividends.

The meeting will also include the election of a new Board of Directors under the bank’s amended bylaws, with shareholders asked to elect nine regular directors and two alternate directors in line with an amendment approved at an Extraordinary Shareholders’ Meeting held on November 10 of the prior year.

Banco de Chile reported changes in its board leadership. Director and Vice-Chairman Francisco Pérez Mackenna resigned from the board, effective January 31, 2026, and the board formally accepted his resignation and thanked him for his contributions.

The board decided to appoint Óscar Hasbún Martínez as a new Director, replacing Francisco Pérez Mackenna, with effect from February 1, 2026 and serving until the next ordinary shareholders’ meeting. The board also appointed Director Jean-Paul Luksic Fontbona as Vice Chairman of the Board, effective February 1, 2026, ensuring continuity in the bank’s board leadership structure.

Banco de Chile reported that it has placed three senior, dematerialized and bearer bonds in the Chilean local market. The transaction was carried out on January 15, 2026 and was communicated as material information to the Chilean Financial Market Commission and local stock exchanges.

The bonds are described as senior, meaning they rank ahead of subordinated debt, and are issued in dematerialized bearer form for trading in the local market. Specific financial terms such as amounts, maturities or interest rates were not included in this excerpt.

Banco de Chile submitted a report describing the placement of three senior bonds in the Chilean local market. These securities are described as senior, dematerialized and bearer bonds, meaning they are standard debt instruments recorded electronically rather than in physical certificates.

The bonds were placed on January 14, 2026, and the transaction was reported as material information to the Chilean Financial Market Commission and local stock exchanges. The filing underscores that this is part of the bank’s regular funding activities, but does not detail specific financial terms such as amounts, maturities, or interest rates.

Banco de Chile filed a report stating it has placed senior, dematerialized, bearer bonds in the local Chilean market. The placement was carried out on January 12, 2026, and the transaction is described as material information under applicable Chilean securities and banking regulations. The filing confirms that these bonds were issued and placed in Chile’s local market, but does not detail the specific financial terms within this excerpt.

Banco de Chile reported that it placed a new issue of senior bonds in the Chilean local market. The bonds are described as senior, dematerialized and bearer instruments issued by the bank, indicating an additional funding transaction through the domestic capital market. The letter was sent to the Chilean Financial Market Commission as material information, highlighting the relevance of this bond placement for the institution’s funding activities.

Banco de Chile filed a Form 6-K to share a governance-related update. The bank reports that it has become aware of the approval of a General Policy for the Election of Directors in Subsidiary Companies by its related entity LQ Inversiones Financieras S.A.. This policy sets out how directors are chosen in subsidiary companies and is part of the regulatory framework required by the Chilean Financial Market Commission.

The communication is presented as material information under Chilean securities and banking rules, but it does not include financial figures or operational changes. The policy document itself is available on LQ Inversiones Financieras S.A.’s website.