Banco de Chile extends Citigroup cooperation deals

Rhea-AI Filing Summary

Banco de Chile reported that it has extended several key collaboration agreements with Citigroup Inc. The Cooperation Agreement, Global Connectivity Agreement, and Amended and Restated Trademark License Agreement, originally set to run through January 1, 2026, will now continue until January 1, 2028. Before August 31, 2027, the parties may agree on an additional two-year extension starting January 1, 2028; if they do not, the agreements will automatically renew once for one year until January 1, 2029, and the same renewal mechanism can be used again in the future as agreed.

At the same time, Banco de Chile and Citigroup entered into an Amended and Restated Master Services Agreement, which will run for the same term as the Cooperation Agreement. The bank’s board approved these extensions and the new services agreement in a meeting held on August 28, 2025, under the related-party transaction framework of Chilean corporate law.

FAQ

What did Banco de Chile (BCH) announce in this Form 6-K?

Banco de Chile announced that it has extended its Cooperation Agreement, Global Connectivity Agreement, and Amended and Restated Trademark License Agreement with Citigroup Inc., and has also signed an Amended and Restated Master Services Agreement with Citigroup.

How long are Banco de Chile and Citigroup agreements extended under this update?

The term of the Cooperation Agreement, Global Connectivity Agreement, and Amended and Restated Trademark License Agreement is extended from January 1, 2026 to January 1, 2028, with an Amended and Restated Master Services Agreement having the same duration.

Can Banco de Chile (BCH) and Citigroup further extend their agreements after 2028?

Yes. Before August 31, 2027, the parties may agree to another two-year extension starting on January 1, 2028. If they do not, the agreements will automatically extend once for one year until January 1, 2029, and the same renewal procedure may be used again as often as they agree.

What is the new Amended and Restated Master Services Agreement mentioned by Banco de Chile?

On the same date as the term extension, Banco de Chile and Citigroup entered into an Amended and Restated Master Services Agreement, which will have the same duration as the extended Cooperation Agreement, aligning the service framework with the broader partnership.

Who approved the extension of the Banco de Chile and Citigroup agreements?

The Board of Banco de Chile, in meeting No. BCH 3,037 held on August 28, 2025, approved both the extensions and the execution of the new Amended and Restated Master Services Agreement in accordance with articles 146 and following of the Chilean Corporations Act.

Why did Banco de Chile classify this information as material?

Banco de Chile submitted this as material information under Articles 9 and 10 of Chile’s Law No. 18,045 on Securities Market and applicable CMF regulations, reflecting the importance of its long-term commercial and services relationship with Citigroup.

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Accepted by SEC EDGAR 08/29/2025 - 04:43 PM Learn about SEC filing dates

FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934

For the month of August, 2025

Commission File Number 001-15266

BANK OF CHILE

(Translation of registrant’s name into English)

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  o

BANCO DE CHILE

REPORT ON FORM 6-K

Attached is an English translation of a letter filed by Banco de Chile with the Chilean Financial Market Commission and local stock exchanges, informing that Banco de Chile and Citigroup Inc. have extended the term of the Cooperation Agreement, Global Connectivity Agreement, and Amended and Restated Trademark License Agreement and also executed an Amended and Restated Master Services Agreement.

Santiago, August 29, 2025

Mrs. 

Solange Berstein Jáuregui  

President 

Financial Market Commission 

Present

 Ref.: Material Information/

Banco de Chile

Of our consideration:

Pursuant to Articles 9 and 10 of Law No. 18,045 on Securities Market, Chapter 18-10 of the Restated Regulations of Banks of the Financial Market Commission (“CMF”), and General Rule (“NCG”) No. 30 of the CMF, I hereby inform you as a material information that, on this date, Banco de Chile and Citigroup Inc. have agreed to extend the term of the Cooperation Agreement, Global Connectivity Agreement and the Amended and Restated Trademark License Agreement, the first two entered into on October 22, 2015, and the latter on November 29, 2019.

Pursuant to the aforesaid extension, the term of such agreements is extended from January 1st, 2026 until January 1st, 2028, and before August 31st, 2027 the parties may agree to another extension for two years starting on January 1st, 2028. In the event the latter does not take place, the agreements shall be automatically extended once for a term of one year starting on January 1st, 2028 until January 1st, 2029. The same renewal procedure may be used in the future as many times as the parties may agree upon.

Along with the foregoing and on the same date, Banco de Chile and Citigroup Inc. entered into an Amended and Restated Master Services Agreement, which will have the same duration of the Cooperation Agreement referred above.

The Board of Banco de Chile, in meeting N° BCH 3,037 of August 28, 2025, approved the extension and execution of the aforementioned agreements, in the terms provided by articles 146 et seq. of the Chilean Corporations Act (Ley de Sociedades Anónimas).

Sincerely,

Eduardo Ebensperger Orrego

CEO

Banco de Chile

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: August 29, 2025

	Banco de Chile
	/s/ Eduardo Ebensperger Orrego
	By:	Eduardo Ebensperger Orrego
		CEO