Banco Chile SEC Filings

Banco de Chile has furnished a Form 6-K to announce that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the U.S. Securities and Exchange Commission. The 2025 Annual Report is available on both the SEC’s website and Banco de Chile’s Investor Relations section online.

Shareholders can also request a free hard copy of the 2025 Annual Report, including the audited financial statements, by contacting Banco de Chile’s Investor Relations Office by email at ir@bancochile.cl.

Banco de Chile files its Form 20-F annual report outlining 2025 performance, risk profile and regulatory context. The bank reports a loan portfolio of Ch$39,254,314 million, up 0.8% year-on-year, with allowances for expected credit losses rising 2.7% to Ch$712,003 million as delinquency stayed above historical averages.

Past-due loans 90 days or more increased to Ch$721,003 million, lifting the past-due ratio from 1.60% to 1.83%, mainly in retail and SME segments. The bank highlights tight economic conditions, moderate GDP growth and elevated unemployment as key drivers, while stressing ongoing enhancements in scoring models, collections and risk management to handle loan growth in riskier segments.

The report also details Chile’s Basel III implementation, systemic buffers and liquidity rules. Banco de Chile is designated a domestic systemically important bank, meets capital thresholds and reports strong liquidity with an LCR of 198% and NSFR of 118%. Inflation eased to 3.4% in 2025, within the Central Bank’s 2–4% target range, but interest-rate and inflation volatility remain central risks to margins and credit quality.

Banco de Chile reports consolidated interim results for the quarter ended March 31, 2026. Net income reached MCh$268,628, down from MCh$328,944 a year earlier, with basic earnings per share of $2.66 versus $3.26.

Total assets rose to MCh$55,393,885 from MCh$54,100,903, while loans to customers expanded across commercial, mortgage and consumer portfolios. Equity decreased to MCh$5,462,801, mainly after dividend distributions, and operating activities used net cash of MCh$177,759 compared with a large inflow in the prior-year quarter.

Banco de Chile reports first-quarter 2026 net income of Ch$268,628 million, an 18.3% drop from 1Q25. Operating revenues fell 3.9% to Ch$748,885 million, mainly because lower inflation sharply reduced returns on inflation-indexed assets and treasury positions.

Credit loss expense rose 26.6% to Ch$114,178 million, reflecting a low prior-year base and higher retail provisioning, while operating expenses grew only 2.5% to Ch$287,925 million on IT and marketing spend. Even so, the bank maintained strong profitability, with a 16.7% return on average capital versus 13.9% for the industry, and a cost-to-income ratio of 38.4% versus 46.1% for peers.

Management now expects 2026 nominal loan growth of about 7%, a net interest margin near 4.6%, a credit loss expense ratio of 1.1%–1.2%, an efficiency ratio around 38.0%, and a full-year ROAC between 21.5% and 22.5%, assuming external risks remain contained.

Banco de Chile reported that its entire Board of Directors was renewed at the Ordinary Shareholders’ Meeting held on March 26, 2026, as the prior three-year term expired. A new board was elected for a further three-year term, including both regular and alternate directors.

At a subsequent Board of Directors meeting held the same day, the board appointed Pablo Granifo Lavín as Chairman and Jean-Paul Luksic Fontbona and Julio Santiago Figueroa as Vicechairmen. The changes formalize the bank’s leadership structure for the new board term.

Banco de Chile reports that its Ordinary Shareholders’ Meeting approved a cash dividend of CLP 9.99757030464 per share. The dividend will be paid out of the bank’s net income for the 2025 financial year, reflecting the distribution of a portion of last year’s profits to shareholders.

Banco de Chile reported a change in its board of directors. Regular Director Andrés Ergas Heymann resigned from the board, effective March 12, 2026. The board formally acknowledged and accepted his resignation at its ordinary meeting held the same day.

Under the bank’s bylaws, the First Independent Alternate Director, Paul Furst Gwinner, automatically assumed the role of Independent Regular Director. This ensures the board seat is immediately filled and the bank maintains continuity in its governance structure.

Banco de Chile, a foreign private issuer, submitted a Form 6-K indicating it has furnished a free English translation of its local Annual Report for the year 2025. The filing also notes that the Chilean GAAP consolidated financial statements with notes as of December 31, 2025 and the 2025 financial report were already sent to the U.S. regulator on an earlier Form 6-K dated February 3, 2026.

Banco de Chile submitted a report as a foreign private issuer describing a new bond transaction. The bank informed the Chilean Financial Market Commission that on March 05, 2026 it completed the placement in the local market of senior, dematerialized, bearer bonds issued by Banco de Chile.

The filing highlights that these securities were placed in Chile’s local market and are classified as senior bonds, meaning they rank ahead of subordinated debt in priority of payment. The bank framed this communication as Material Information under Chilean securities law, underscoring the importance of this funding transaction for the institution.