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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 February, 2007

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- ________

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BANCO DE CHILE
REPORT ON FORM 6-K

Attached is an English translation of Banco de Chile and Subsidiaries Consolidated Financial Statements as of December 31, 2006 and 2005, released in Chilean newspapers on February 20, 2006.

The complete financial statements, together with their respective notes and the corresponding report of the external auditors, are available at www.bancochile.cl, as well as at Banco de Chile Principal Offices.-

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Banco de Chile and Subsidiaries

 

Consolidated Financial Statements
as of December 31, 2006 and 2005

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BANCO DE CHILE AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31,
(Expressed in million of Chilean pesos)

		2006		2005
ASSETS
		MCh$		MCh$
CASH AND DUE FROM BANKS		1,219,073.5		673,153.6
LOANS:
Commercial loans		3,970,908.8		3,584,630.6
Foreign trade loans		677,296.0		562,336.0
Consumer loans		1,072,323.9		882,291.1
Mortgage loans		581,218.2		684,424.0
Leasing contracts		539,176.0		464,355.9
Contingent loans		987,313.9		738,769.7
Other outstanding loans		1,762,224.5		1,363,056.3
Past due loans		61,685.1		72,847.0
Total loans		9,652,146.4		8,352,710.6
Allowance for loan losses		(144,978.6)		(144,272.2)
Total loans, net		9,507,167.8		8,208,438.4
OTHER LOANS:
Interbank loans		43,019.4		25,537.3
Investments purchased under agreements to resell		53,313.5		47,676.0
Total other loans		96,332.9		73,213.3
TRADING SECURITIES		1,197,372.1		1,367,455.3
INVESTMENTS:
Available for sale		40,066.2		25,162.4
Held to maturity		16,003.0		15,738.5
Total investments		56,069.2		40,900.9
DERIVATIVE INSTRUMENTS		50,500.9		-
OTHER ASSETS		474,399.9		397,130.1
FIXED ASSETS:
Bank premises and equipment, net		151,676.9		145,441.0
Investments in other companies		7,692.7		7,310.7
Total fixed assets		159,369.6		152,751.7
Total assets		12,760,285.9		10,913,043.3

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BANCO DE CHILE AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31,
(Expressed in million of Chilean pesos)

LIABILITIES AND SHAREHOLDERS’ EQUITY		2006		2005
		MCh$		MCh$
DEPOSITS AND OTHER LIABILITIES:
Current accounts		1,738,972.4		1,548,059.6
Time deposits		5,935,810.0		4,871,502.9
Other demand and time deposits		512,395.0		419,841.5
Securities sold under agreements to repurchase		306,855.3		276,435.3
Mortgage finance bonds		477,637.0		568,190.9
Contingent liabilities		988,359.0		739,109.0
Total deposits and other liabilities		9,960,028.7		8,423,139.2
BONDS ISSUED:
Bonds		554,271.8		331,522.4
Subordinated bonds		405,942.4		311,695.5
Total bonds issued		960,214.2		643,217.9
BORROWINGS FROM FINANCIAL INSTITUTIONS
AND CENTRAL BANK:
Central Bank credit lines for renegotiation of loans		824.5		1,436.2
Borrowings from domestic financial institutions		88,260.8		92,053.6
Foreign borrowings		591,573.0		675,384.1
Other liabilities		26,432.0		34,451.8
Total borrowings from financial institutions and Central Bank		707,090.3		803,325.7
DERIVATIVE INSTRUMENTS		69,954.8		61,277.1
OTHER LIABILITIES		228,365.5		190,698.9
Total liabilities		11,925,653.5		10,121,658.8
MINORITY INTEREST		1.8		1.0
SHAREHOLDERS’ EQUITY:
Capital and reserves		640,940.2		608,775.7
Other equity accounts		(1,557.3)		(1,911.1)
Net income for the year		195,247.7		184,518.9
Total shareholders’ equito		834,630.6		791,383.5
Total liabilities and shareholders’ equity		12,760,285.9		10,913,043.3

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BANCO DE CHILE AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME AS OF DECEMBER 31,
(Expressed in million of Chilean pesos)

		2006		2005
OPERATING RESULTS:		MCh$		MCh$
Interest revenue		777,654.0		697,783.9
Gains from trading activities		40,740.5		14,511.3
Income from fees and other services		183,592.7		176,981.0
Gains from foreign exchange transactions		-		24,154.5
Other operating income		8,853.9		10,697.4
Total operating revenues		1,010,841.1		924,128.1
Less:
Interest expense		(372,243.5)		(316,676.6)
Losses from trading activities		(8,160.1)		(30,730.9)
Expenses from fees and other services		(41,348.8)		(33,423.3)
Loss from foreign exchange transactions		(10,802.3)		-
Other operating expenses		(17,556.9)		(14,077.7)
Gross margin		560,729.5		529,219.6
Personnel salaries and expenses		(157,957.5)		(153,778.8)
Administrative and other expenses		(122,811.7)		(111,262.2)
Depreciation and amortization		(21,126.7)		(18,587.4)
Net margin		258,833.6		245,591.2
Provision for loan losses		(34,252.6)		(24,160.6)
Total operating income		224,581.0		221,430.6
NON OPERATING RESULTS:
Non operating income		16,716.8		8,023.8
Non operating expenses		(14,457.6)		(12,100.4)
Equity participation in net income in investments in other companies		1,031.1		695,6
Net loss from price-level restatement		(8,526.4)		(11,690.2)
Income before income taxes		219,344.9		206,359.4
Income taxes		(24,096.3)		(21,840.1)
Income after income taxes		195,248.6		184,519.3
Minority interest		(0.9)		(0.4)
Net income for the year		195,247.7		184,518.9

“The complete financial statements, together with their respective notes and the corresponding report of the external auditors, are available at www.bancochile.cl, as well as at Banco de Chile Principal Offices”

 

 

Héctor Hernández G.		Pablo Granifo L.
General Accounting Manager		Chief Executive Officer

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