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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 October, 2006

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

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1): ____

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7): ____

Indicate by check mark whether by furnishing the information contained in this Form, the
registrant 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 12g3-2(b): 82- ________


BANCO DE CHILE
REPORT ON FORM 6-K

 

Attached is an English translation of the consolidated financial statements published by Banco de Chile in a local newspaper on October 27, 2006, as of September 30, 2006 and 2005.

 


Banco de Chile and Subsidiaries

Consolidated Financial Statements
as of September 30, 2006 and 2005

 


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

ASSETS    2006    2005 
    MCh$    MCh$ 
 
CASH AND DUE FROM BANKS    935,625.8    1,010,288.8 
     
 
LOANS:         
   Commercial loans    3,798,837.3    3,317,464.2 
   Foreign trade loans    702,434.5    647,746.8 
   Consumer loans    1,019,870.5    824,182.8 
   Mortgage loans    616,570.0    714,537.0 
   Leasing contracts    494,937.7    436,476.0 
   Contingent loans    851,088.9    635,829.9 
   Other outstanding loans    1,532,951.1    1,233,477.0 
   Past due loans    65,546.9    78,842.5 
     
                             Total loans    9,082,236.9    7,888,556.2 
   Allowance for loan losses    (140,827.0)   (142,824.8)
     
                             Total loans, net    8,941,409.9    7,745,731.4 
     
 
OTHER LOANS:         
   Interbank loans    69,020.2    41,172.9 
   Investments purchased under agreements to resell    31,923.4    52,245.1 
     
                               Total other loans    100,943.6    93,418.0 
     
 
TRADING SECURITIES    1,238,415.4    1,210,140.7 
     
 
INVESTMENTS:         
   Available for sale    23,967.5    21,911.3 
   Held to maturity    15,915.2    16,458.4 
     
                             Total investments    39,882.7    38,369.7 
     
 
DERIVATIVE INSTRUMENTS    46,250.0   
     
 
OTHER ASSETS    428,541.5    450,539.6 
     
 
FIXED ASSETS:         
   Bank premises and equipment, net    150,714.3    143,396.7 
   Investments in other companies    7,735.6    7,402.5 
     
                             Total fixed assets    158,449.9    150,799.2 
     
                                             Total assets    11,889,518.8    10,699,287.4 
     


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

LIABILITIES AND SHAREHOLDERS’ EQUITY    2006    2005 
    MCh$    MCh$ 
DEPOSITS AND OTHER LIABILITIES:         
   Current accounts    1,657,596.9    1,480,405.9 
   Time deposits    5,736,716.4    4,539,943.2 
   Other demand and time deposits    454,781.5    622,337.8 
   Securities sold under agreements to repurchase    234,456.1    250,913.0 
   Mortgage finance bonds    504,994.2    613,757.2 
   Contingent liabilities    850,859.3    635,867.6 
     
                             Total deposits and other liabilities    9,439,404.4    8,143,224.7 
     
 
BONDS ISSUED:         
   Bonds    455,983.2    330,270.8 
   Subordinated bonds    413,966.9    316,212.7 
     
                             Total bonds issued    869,950.1    646,483.5 
     
 
BORROWINGS FROM FINANCIAL INSTITUTIONS         
AND CENTRAL BANK:         
   Central Bank credit lines for renegotiation of loans    948.6    1,597.2 
   Borrowings from domestic financial institutions    58,739.5    154,434.8 
   Foreign borrowings    340,228.5    646,610.7 
   Other liabilities    55,952.0    51,881.3 
     
                             Total borrowings from financial institutions and         
                                    Central Bank    455,868.6    854,524.0 
     
 
DERIVATIVE INSTRUMENTS    55,982.5    31,428.8 
     
 
OTHER LIABILITIES    273,488.4    265,366.7 
     
                             Total liabilities    11,094,694.0    9,941,027.7 
     
 
MINORITY INTEREST    1.3    1.0 
     
 
SHAREHOLDERS’ EQUITY:         
   Capital and reserves    643,452.6    612,047.8 
   Other equity accounts    (1,497.8)   (563.1)
   Net income for the year    152,868.7    146,774.0 
     
                             Total shareholders’ equity    794,823.5    758,258.7 
     
                                             Total liabilities and shareholders’ equity    11,889,518.8    10,699,287.4 
     


BANCO DE CHILE AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME AS OF SEPTEMBER 30,
(Expressed in million of Chilean pesos)
________________

       2006       2005 
     MCh$     MCh$ 
OPERATING RESULTS:         
   Interest revenue     605,630.7    496,789.7 
   Gains from trading activities       32,269.0    13,693.0 
   Income from fees and other services     132,744.4    128,723.2 
   Gains from foreign exchange transactions                     -    12,679.5 
   Other operating income    5,929.3    8,590.2 
     
                             Total operating revenues     776,573.4    660,475.6 
   Less:         
   Interest expense    (293,083.3)   (218,994.5)
   Losses from trading activities         (7,189.5)   (14,865.0)
   Expenses from fees and other services     (29,772.5)   (24,680.0)
   Loss from foreign exchange transactions     (13,058.9)                    - 
   Other operating expenses     (12,708.2)   (9,027.6)
     
                             Gross margin     420,761.0    392,908.5 
   Personnel salaries and expenses    (116,053.0)   (113,590.5)
   Administrative and other expenses     (91,868.9)   (81,005.0)
   Depreciation and amortization     (15,179.2)   (13,985.5)
     
                             Net margin     197,659.9    184,327.5 
   Provision for loan losses     (21,016.6)   (12,875.6)
     
                             Total operating income     176,643.3    171,451.9 
 
NON OPERATING RESULTS:         
   Non operating income       13,900.6    5,451.7 
   Non operating expenses         (9,918.8)   (7,661.6)
 Equity participation in net income (loss) in investments in other         
      companies    977.1    511.6 
   Net loss from price-level restatement     (10,359.3)   (7,063.6)
     
                             Income before income taxes     171,242.9    162,690.0 
   Income taxes     (18,373.8)   (15,915.7)
     
                             Income after income taxes     152,869.1    146,774.3 
   Minority interest                       (0.4)   (0.3)
     
                             Net income for the year     152,868.7    146,774.0 
     

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: October 27, 2006

 
Banco de Chile
/S/  Pablo Granifo L.
 
By: Pablo Granifo Lavín
General Manager