Provided By Mz Data Products
 
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 October, 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 a press release published by Banco de Chile ("the Bank") in local newspapers on October 28, 2005, regarding its Consolidated Financial Statements as of September 30, 2005 and 2004.

Banco de Chile and Subsidiaries

Consolidated Financial Statements
as of September 30, 2005 and 2004

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

ASSETS    2005    2004 
  MCh$    MCh$ 
 
CASH AND DUE FROM BANKS    973,303.3    739,848.2 
     
 
LOANS:         
   Commercial loans    3,196,015.6    2,761,746.6 
   Foreign trade loans    624,033.5    661,528.9 
   Consumer loans    794,010.4    697,175.0 
   Mortgage loans    688,378.6    965,258.4 
   Leasing contracts    420,497.1    338,811.3 
   Contingent loans    612,552.9    522,562.2 
   Other outstanding loans    1,188,280.8    756,436.0 
   Past due loans    75,956.2    100,255.2 
     
                             Total loans    7,599,725.1    6,803,773.6 
   Allowance for loan losses    (137,556.1)   (168,005.7)
     
                             Total loans, net    7,462,169.0    6,635,767.9 
     
 
OTHER LOANS:         
   Interbank loans    39,665.6    41,647.6 
   Investments purchased under agreements to resell    50,332.5    43,997.3 
     
                               Total other loans    89,998.1    85,644.9 
     
 
INVESTMENTS:         
   Government securities    578,513.4    1,067,589.9 
   Other financial investments    436,994.4    277,128.8 
   Investment collateral under agreements to repurchase    243,085.5    453,737.8 
   Assets held for leasing    24,795.5    26,521.0 
   Assets received in lieu of payment    13,158.8    16,843.6 
   Other non-financial investments    1.8    2.3 
     
                             Total investments    1,296,549.4    1,841,823.4 
     
 
OTHER ASSETS    340,300.2    442,598.3 
     
 
FIXED ASSETS:         
   Bank premises and equipment, net    138,147.1    135,558.9 
   Investments in other companies    7,131.5    5,662.7 
     
                             Total fixed assets    145,278.6    141,221.6 
     
                                             Total assets    10,307,598.6    9,886,904.3 
     

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

LIABILITIES AND SHAREHOLDERS’ EQUITY    2005    2004 
  MCh$    MCh$ 
DEPOSITS AND OTHER LIABILITIES:         
   Current accounts    1,426,209.9    1,338,099.3 
   Time deposits    4,373,741.0    3,856,444.0 
   Other demand and time deposits    599,554.7    728,797.0 
   Securities sold under agreements to repurchase    241,727.4    465,101.1 
   Mortgage finance bonds    591,288.2    934,197.1 
   Contingent liabilities    612,589.2    525,379.1 
     
                             Total deposits and other liabilities    7,845,110.4    7,848,017.6 
     
 
BONDS ISSUED:         
   Bonds    318,180.0    184,406.1 
   Subordinated bonds    304,636.5    275,193.3 
     
                             Total bonds issued    622,816.5    459,599.4 
     
 
BORROWINGS FROM FINANCIAL INSTITUTIONS         
AND CENTRAL BANK:         
   Central Bank credit lines for renegotiation of loans    1,538.7    2,189.1 
   Other Central Bank borrowings    -    517.0 
   Borrowings from domestic financial institutions    148,781.1    49,529.0 
   Foreign borrowings    622,939.0    459,016.3 
   Other liabilities    49,982.0    47,640.8 
     
                             Total borrowings from financial institutions and         
Central Bank    823,240.8    558,892.2 
     
 
OTHER LIABILITIES    285,930.2    358,086.1 
     
                             Total liabilities    9,577,097.9    9,224,595.3 
     
 
MINORITY INTEREST    1.0    1.0 
     
 
SHAREHOLDERS’ EQUITY:         
   Capital and reserves    589,641.4    532,949.3 
   Other equity accounts    (542.5)   4,051.2 
   Net income for the year    141,400.8    125,307.5 
     
                             Total shareholders’ equity    730,499.7    662,308.0 
     
                                             Total liabilities and shareholders’ equity    10,307,598.6    9,886,904.3 
     

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

       2005       2004 
     MCh$     MCh$ 
OPERATING RESULTS:         
   Interest revenue    476,993.3     428,827.3 
   Gains from trading activities    13,191.7       19,372.0 
   Income from fees and other services    124,010.8    108,790.6 
   Gains from foreign exchange transactions    5,844.2                     - 
   Other operating income    9,765.3       15,907.4 
     
                             Total operating revenues    629,805.3     572,897.3 
   Less:         
   Interest expense    (211,173.2)   (162,042.6)
   Losses from trading activities    (5,995.8)    (15,033.5)
   Expenses from fees and other services    (23,947.7)    (20,764.2)
   Loss from foreign exchange transactions                     -         (6,665.5)
   Other operating expenses    (10,335.3)        (9,472.6)
     
                             Gross margin    378,353.3     358,918.9 
   Personnel salaries and expenses    (110,777.3)    (99,361.0)
   Administrative and other expenses    (76,523.1)    (64,471.9)
   Depreciation and amortization    (13,473.5)    (13,086.0)
     
                             Net margin    177,579.4     182,000.0 
   Provision for loan losses    (12,404.2)    (29,455.3)
     
                             Total operating income    165,175.2     152,544.7 
 
NON OPERATING RESULTS:         
   Non operating income    5,252.1    3,500.3 
   Non operating expenses    (7,381.1)        (9,769.6)
 Equity participation in net income (loss) in investments in other         
        companies 
   492.9    554.4 
   Net loss from price-level restatement    (6,805.0)        (5,739.3)
     
                             Income before income taxes    156,734.1     141,090.5 
   Income taxes    (15,333.0)    (15,782.2)
     
                             Income after income taxes    141,401.1     125,308.3 
   Minority interest    (0.3)                  (0.8)
     
                             Net income for the year    141,400.8     125,307.5 
     

Héctor Hernández G.   
General Accounting Manager
Pablo Granifo L.
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 28, 2005

 
 Banco de Chile
/S/  Julio Guzmán H.
 
By: Julio Guzmán Herrera
Acting General Manager