| Subsequent Events |
| a) | On January 17, 2025, Banco de Chile reported that the Financial
Market Commission informed the Bank that it resolved to maintain as a capital requirement for Pillar II risk, the charge already constituted
corresponding to 0.13% of the risk-weighted assets net of required provisions, in accordance with article 66 quinquies of the General
Banking Law. |
| b) | On January 23, 2025, the subsidiary Banchile Corredores de Bolsa reported that the Board of Directors agreed to appoint Mr. José
Antonio Díaz Orellana as General Manager of Banchile Corredores de Bolsa S.A., who until that date served as Interim General Manager. |
| c) | On February 11, 2025, the Board of Directors of Banco de Chile agreed to convene an Ordinary Shareholders’
Meeting for March 27, 2025, in order to propose, among other matters, the following distribution of profits for the year ended on December
31, 2024: |
| a) | Deduct and withhold from the net income of the year, an amount
equivalent to the effect of inflation of the paid capital and reserves according to the variation of the Consumer Price Index that occurred
between November 2023 and November 2024, amounting to Ch$212,012,307,434 which will be added to retained earnings from previous periods. |
| b) | Distribute in the form of dividend the remaining profit, corresponding to a dividend of Ch$9.85357420889
to each of the 101,017,081,114 shares of the Bank. |
Consequently, it will be proposed a
distribution as dividend of 82.4% of the profits for the year ended December 31, 2024.
| d) | During the period 2025 Banco de Chile has reported as essential fact the following placements in the local
market of senior, dematerialized and bearer bonds issued by Banco de Chile and registered in the Securities Registry of the Financial
Market Commission: |
| Date | | Registration number in the Securities Registry | | Serie | | Amount | | | Currency | | Maturity date | | Average rate | | | | | | | | | | | | | | | | | | | March 17, 2025 | | 11/2022 | | FC | | | 600,000 | | | UF | | 01/01/2030 | | | 2.97 | % | | March 20, 2025 | | 11/2022 | | FC | | | 300,000 | | | UF | | 01/01/2030 | | | 2.97 | % | | March 21, 2025 | | 11/2022 | | FC | | | 1,050,000 | | | UF | | 01/01/2030 | | | 2.97 | % | | April 1, 2025 | | 11/2022 | | FC | | | 800,000 | | | UF | | 01/01/2030 | | | 2.96 | % | | April 3, 2025 | | 11/2022 | | FO | | | 900,000 | | | UF | | 01/01/2032 | | | 2.92 | % | | April, 15, 2025 | | 11/2022 | | FH | | | 850,000 | | | UF | | 12/01/2030 | | | 2.84 | % | | April, 17, 2025 | | 11/2022 | | GG | | | 1,000,000 | | | UF | | 05/01/2035 | | | 3.03 | % | | April, 17, 2025 | | 20240002 | | HD | | | 2,000,000 | | | UF | | 10/01/2034 | | | 3.03 | % |
| e) | On April 10, 2025, at a meeting of the Board of Directors of Banco de Chile, it was agreed, subject to
prior authorization from the Financial Market Commission, to absorb the subsidiary company Socofin S.A., by purchasing the shares issued
by it whose owner is Banchile Asesoría Financiera S.A. and, in this way, dissolve Socofin S.A. in accordance with the provisions
of section 2 of article 103 of Law 18,046. Likewise, once the dissolution of the aforementioned company occurs, the Bank will have the
character of a legal successor of the entity. |
These Consolidated Financial Statements
of Banco de Chile for the year ended December 31, 2024 were approved by the Directors on April 24, 2025.
In Management’s opinion, there
are no other significant subsequent events that affect or could affect the Consolidated Financial Statements of Banco de Chile and its
subsidiaries between December 31, 2024 and the date of issuance of these Consolidated Financial Statements.
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