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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 April, 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- ________


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 April 27, 2007, for the three months ended March 31, 2007.

 


Banco de Chile and Subsidiaries

Consolidated Financial Statements
as of March 31, 2007 and 2006

 


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

ASSETS    2007   2006
    MCh$   MCh$
 
CASH AND DUE FROM BANKS    846,489.9    903,922.4 
     
 
LOANS:         
   Commercial loans    4,053,295.7    3,650,959.8 
   Foreign trade loans    713,280.5    677,254.3 
   Consumer loans    1,114,828.7    964,770.6 
   Mortgage loans    554,345.4    649,941.6 
   Leasing contracts    556,205.6    478,958.5 
   Contingent loans    932,047.5    743,185.4 
   Other outstanding loans    1,749,206.6    1,314,106.4 
   Past due loans    62,975.6    71,165.3 
     
                             Total loans    9,736,185.6    8,550,341.9 
   Allowance for loan losses    (150,643.9)   (144,195.0)
     
                             Total loans, net    9,585,541.7    8,406,146.9 
     
 
OTHER LOANS:         
   Interbank loans    50,014.4   
   Investments purchased under agreements to resell    37,103.9    25,289.8 
     
                               Total other loans    87,118.3    25,289.8 
     
 
TRADING SECURITIES    1,384,078.7    1,220,698.4 
     
 
INVESTMENTS:         
   Available for sale    34,477.9    25,724.5 
   Held to maturity    15,949.3    16,046.5 
     
                             Total investments    50,427.2    41,771.0 
     
 
DERIVATIVE INSTRUMENTS    43,827.4   
     
 
OTHER ASSETS    525,632.6    441,087.7 
     
 
FIXED ASSETS:         
   Bank premises and equipment, net    151,400.6    146,582.4 
   Investments in other companies    7,778.7    7,442.4 
     
                             Total fixed assets    159,179.3    154,024.8 
     
                                             Total assets    12,682,295.1    11,192,941.0 
     


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

LIABILITIES AND SHAREHOLDERS’ EQUITY    2007   2006
    MCh$   MCh$
DEPOSITS AND OTHER LIABILITIES:         
   Current accounts    1,861,586.2    1,591,654.9 
   Time deposits    6,030,871.3    5,258,597.5 
   Other demand and time deposits    499,772.0    402,196.6 
   Securities sold under agreements to repurchase    283,876.7    207,587.3 
   Mortgage finance bonds    447,854.5    517,601.7 
   Contingent liabilities    933,802.4    742,604.2 
     
                             Total deposits and other liabilities    10,057,763.1    8,720,242.2 
     
 
BONDS ISSUED:         
   Bonds    581,410.8    328,531.2 
   Subordinated bonds    405,501.1    309,503.9 
     
                             Total bonds issued    986,911.9    638,035.1 
     
 
BORROWINGS FROM FINANCIAL INSTITUTIONS         
AND CENTRAL BANK:         
   Central Bank credit lines for renegotiation of loans    737.4    1,366.7 
   Other Central Bank Borrowings    14,922.3   
   Borrowings from domestic financial institutions    113,884.9    176,776.4 
   Foreign borrowings    432,463.8    613,449.3 
   Other liabilities    51,046.5    47,638.5 
     
                             Total borrowings from financial institutions and         
                                          Central Bank    613,054.9    839,230.9 
     
 
DERIVATIVE INSTRUMENTS    55,120.0    42,654.7 
     
 
OTHER LIABILITIES    247,101.9    265,953.4 
     
                             Total liabilities    11,959,951.8    10,506,116.3 
     
 
MINORITY INTEREST    0.4    1.0 
     
 
SHAREHOLDERS’ EQUITY:         
   Capital and reserves    676,450.0    641,792.8 
   Other equity accounts    (1,425.5)   (1,322.5)
   Net income for the year    47,318.4    46,353.4 
     
                             Total shareholders’ equity    722,342.9    686,823.7 
     
                                             Total liabilities and shareholders’ equity    12,682,295.1    11,192,941.0 
     


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

    2007   2006
    MCh$   MCh$
OPERATING RESULTS:         
   Interest revenue    198,768.2    150,305.1 
   Gains from trading activities    3,414.9    15,388.5 
   Income from fees and other services    49,721.4    44,484.8 
   Gains from foreign exchange transactions    804.4                   - 
   Other operating income    1,712.1    1,817.3 
     
                             Total operating revenues    254,421.0    211,995.7 
   Less:         
   Interest expense    (94,200.8)   (60,076.6)
   Losses from trading activities    (2,103.1)   (2,195.2)
   Expenses from fees and other services    (10,509.5)   (9,469.2)
   Loss from foreign exchange transactions      (6,740.8)
   Other operating expenses    (2,569.9)   (3,843.0)
     
                             Gross margin    145,037.7    129,670.9 
   Personnel salaries and expenses    (45,755.4)   (39,299.7)
   Administrative and other expenses    (28,011.7)   (28,717.0)
   Depreciation and amortization    (5,625.0)   (4,688.6)
     
                             Net margin    65,645.6    56,965.6 
   Provision for loan losses    (12,772.2)   (6,698.3)
     
                             Total operating income    52,873.4    50,267.3 
 
NON OPERATING RESULTS:         
   Non operating income    3,190.1    2,374.1 
   Non operating expenses    (1,903.4)   (2,758.8)
   Equity participation in net income (loss) in investments in other         
    companies    54.6    253.6 
   Net loss from price-level restatement    (1,204.9)   1,710.5 
     
                             Income before income taxes    53,009.8    51,846.7 
   Income taxes    (5,691.3)   (5,493.2)
     
                             Income after income taxes    47,318.5    46,353.5 
   Minority interest    (0.1)   (0.1)
     
                             Net income for the year    47,318.4    46,353.4 
     



Héctor Hernández G.  Fernando Cañas B. 
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: April 27, 2007

 
Banco de Chile
/S/  Fernando Cañas B.
 
By: Fernando Cañas Berkowitz
President and CEO