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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 July, 2005
 

 

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 12g3-2(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 the press release published by Banco de Chile on June 17, 2005, regarding the special preemptive offer of shares in connection to the program to repurchase its common stock.



Banco de Chile and Subsidiaries

Consolidated Financial Statements
as of June 30, 2005 and 2004


BANCO DE CHILE AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS AS OF JUNE 30,
(Expressed in million of Chilean pesos)

__________________________

    2005    2004 
ASSETS         
    MCh$   
MCh$ 
 
    1,209,934.1    685,603.5 
CASH AND DUE FROM BANKS         
     
 
LOANS:         
   Commercial loans    3,085,034.9    2,703,660.5 
   Foreign trade loans    701,163.6    722,307.9 
   Consumer loans    754,875.0    654,439.7 
   Mortgage loans    713,445.7    1,058,937.0 
   Leasing contracts    394,871.0    314,394.8 
   Contingent loans    632,241.0    505,588.4 
   Other outstanding loans    1,127,181.9    612,026.3 
   Past due loans    82,009.0    98,744.8 
     
                             Total loans    7,490,822.1    6,670,099.4 
   Allowance for loan losses    (139,119.9)   (165,137.3)
     
                             Total loans, net    7,351,702.2    6,504,962.1 
     
 
OTHER LOANS:         
   Interbank loans    7,543.3    53,014.0 
   Investments purchased under agreements to resell    29,605.7    50,317.6 
     
                               Total other loans    37,149.0    103,331.6 
     
 
INVESTMENTS:         
   Government securities    812,277.5    1,140,674.6 
   Other financial investments    284,608.2    385,836.9 
   Investment collateral under agreements to repurchase    292,110.2    477,039.5 
   Assets held for leasing    11,880.8    21,630.8 
   Assets received in lieu of payment    14,841.0    16,995.5 
   Other non-financial investments    2.0    2.3 
     
                             Total investments    1,415,719.7    2,042,179.6 
     
 
OTHER ASSETS    386,416.7    350,762.8 
     
 
FIXED ASSETS:         
   Bank premises and equipment, net    136,899.9    132,979.4 
   Investments in other companies    7,041.9    4,981.9 
     
                             Total fixed assets    143,941.8    137,961.3 
     
Total assets   
10,544,863.5 
 
9,824,800.9 
     


BANCO DE CHILE AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS AS OF JUNE 30,
(Expressed in million of Chilean pesos)

__________________________

LIABILITIES AND SHAREHOLDERS’ EQUITY    2005    2004 
   
MCh$ 
 
MCh$ 
DEPOSITS AND OTHER LIABILITIES:         
   Current accounts    1,499,862.1    1,388,301.3 
   Time deposits    4,221,093.5    3,953,941.6 
   Other demand and time deposits    749,958.2    646,732.1 
   Securities sold under agreements to repurchase    298,145.4    484,272.2 
   Mortgage finance bonds    621,536.7    1,001,377.1 
   Contingent liabilities    632,774.2    506,836.1 
     
                             Total deposits and other liabilities    8,023,370.1    7,981,460.4 
     
 
BONDS ISSUED:         
   Bonds    270,435.9    2,823.2 
   Subordinated bonds    303,342.9    274,448.4 
     
                             Total bonds issued    573,778.8    277,271.6 
     
 
BORROWINGS FROM FINANCIAL INSTITUTIONS         
AND CENTRAL BANK:         
   Central Bank credit lines for renegotiation of loans    1,587.1    2,361.2 
   Borrowings from domestic financial institutions    252,883.9    3,539.0 
   Foreign borrowings    697,555.3    652,022.6 
   Other liabilities    45,974.6    43,364.2 
     
                             Total borrowings from financial institutions and         
                                    Central Bank 
  998,000.9    701,287.0 
     
 
OTHER LIABILITIES    330,112.9    249,229.9 
     
                             Total liabilities    9,925,262.7    9,209,248.9 
     
 
MINORITY INTEREST    0.9    0.9 
     
 
SHAREHOLDERS’ EQUITY:         
   Capital and reserves    524,440.7    525,660.1 
   Other equity accounts    2,061.9    5,286.1 
   Net income for the year    93,097.3    84,604.9 
     
                             Total shareholders’ equity    619,599.9    615,551.1 
     
                                             Total liabilities and shareholders’ equity    10,544,863.5    9,824,800.9 
     


   
2005 
  2004 
   
MCh$ 
  MCh$ 
OPERATING RESULTS: 
       
   Interest revenue    304,626.1    284,139.8 
   Gains from trading activities    11,046.7    15,638.2 
   Income from fees and other services    79,716.2    70,143.3 
   Other operating income    5,639.5    9,290.5 
     
                             Total operating revenues    401,028.5    379,211.8 
   Less:         
   Interest expense    (124,375.9)   (97,751.1)
   Losses from trading activities    (5,087.0)   (8,990.7)
   Expenses from fees and other services    (14,988.1)   (13,927.8)
   Loss from foreign exchange transactions    (5,000.1)   (18,239.7)
   Other operating expenses    (6,136.3)   (5,956.3)
     
                             Gross margin    245,441.1    234,346.2 
   Personnel salaries and expenses    (73,751.9)   (64,994.1)
   Administrative and other expenses    (47,763.0)   (41,124.0)
   Depreciation and amortization    (8,772.8)   (8,367.0)
     
                             Net margin    115,153.4    119,861.1 
   Provision for loan losses    (7,335.9)   (22,043.6)
     
                             Total operating income    107,817.5    97,817.5 
 
NON OPERATING RESULTS: 
       
   Non operating income    3,285.1    2,552.7 
   Non operating expenses    (5,693.2)   (4,299.0)
   Equity participation in net income (loss) in investments in other         
        companies 
 
421.8 
 
177.9 
   Net loss from price-level restatement    (2,026.4)   (1,960.7)
     
                             Income before income taxes    103,804.8    94,288.4 
   Income taxes    (10,707.3)   (9,682.7)
     
                             Income after income taxes    93,097.5    84,605.7 
   Minority interest   
(0.2)
 
(0.8)
     
                             Net income for the year    93,097.3    84,604.9 
     

 


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: July 29, 2005

 
Banco de Chile
By:
/S/  Julio Guzmán H.

 
By: Julio Guzmán H.
Acting General Manager