Provided by MZ Data Products
 

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 July, 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 July 30, 2007, for the three months ended June 30, 2007.

 


 

 

Banco de Chile and Subsidiaries

 


Consolidated Financial Statements
as of June 30, 2007 and 2006

 


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

ASSETS    2007    2006 
    MCh$     MCh$ 
 
CASH AND DUE FROM BANKS    1,096,455.1    1,031,552.5 
     
 
LOANS:         
   Commercial loans    4,287,373.3    3,771,211.4 
   Foreign trade loans    833,234.4    697,531.1 
   Consumer loans    1,148,472.8    984,245.2 
   Mortgage loans    525,594.5    641,305.6 
   Leasing contracts    594,075.3    492,201.8 
   Contingent loans    1,053,579.3    921,242.1 
   Other outstanding loans    1,984,531.4    1,462,519.3 
   Past due loans    71,038.0    68,048.7 
     
                Total loans    10,497,899.0    9,038,305.2 
   Allowance for loan losses    (155,366.0)   (146,557.8)
     
                Total loans, net    10,342,533.0    8,891,747.4 
     
 
OTHER LOANS:         
   Investments purchased under agreements to resell    52,343.3    65,837.5 
     
                 Total other loans    52,343.3    65,837.5 
     
 
TRADING SECURITIES    1,378,868.4    1,246,224.7 
     
 
INVESTMENTS:         
   Available for sale    34,151.5    27,004.9 
   Held to maturity    15,795.2    16,873.3 
     
                Total investments    49,946.7    43,878.2 
     
 
DERIVATIVE INSTRUMENTS    41,365.7    60,853.3 
     
 
OTHER ASSETS    565,230.1    336,501.9 
     
 
FIXED ASSETS:         
   Bank premises and equipment, net    156,350.4    150,094.3 
   Investments in other companies    6,396.0    7,641.3 
     
                Total fixed assets    162,746.4    157,735.6 
     
                      Total assets    13,689,488.7    11,834,331.1 
     


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

LIABILITIES AND SHAREHOLDERS’ EQUITY    2007    2006 
    MCh$     MCh$ 
DEPOSITS AND OTHER LIABILITIES:         
   Current accounts    1,721,899.0    1,620,247.2 
   Time deposits    6,397,306.7    5,645,203.2 
   Other demand and time deposits    621,094.0    448,975.5 
   Securities sold under agreements to repurchase    321,546.2    272,407.7 
   Mortgage finance bonds    441,516.4    529,557.5 
   Contingent liabilities    1,054,980.4    922,962.7 
     
                Total deposits and other liabilities    10,558,342.7    9,439,353.8 
     
 
BONDS ISSUED:         
   Bonds    630,721.8    335,485.4 
   Subordinated bonds    438,293.2    420,925.8 
     
                Total bonds issued    1,069,015.0    756,411.2 
     
 
BORROWINGS FROM FINANCIAL INSTITUTIONS         
AND CENTRAL BANK:         
   Central Bank credit lines for renegotiation of loans    666.6    1,289.9 
   Other Central Bank Borrowings    70,651.3   
   Borrowings from domestic financial institutions    130,719.3    125,949.5 
   Foreign borrowings    560,908.2    486,199.0 
   Other liabilities    79,254.3    46,251.2 
     
                Total borrowings from financial institutions and Central Bank    842,199.7    659,689.6 
     
 
DERIVATIVE INSTRUMENTS    71,258.3    66,186.9 
     
 
OTHER LIABILITIES    363,101.1    157,167.7 
     
                Total liabilities    12,903,916.8    11,078,809.2 
     
 
MINORITY INTEREST    0.4    1.0 
     
 
SHAREHOLDERS’ EQUITY:         
   Capital and reserves    687,985.3    653,067.8 
   Other equity accounts    (2,074.3)   (880.9)
   Net income for the year    99,660.5    103,334.0 
     
                Total shareholders’ equity    785,571.5    755,520.9 
     
                      Total liabilities and shareholders’ equity    13,689,488.7    11,834,331.1 
     


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

________________

    2007    2006 
    MCh$    MCh$ 
OPERATING RESULTS:         
   Interest revenue    464,548.3    382,131.9 
   Gains from trading activities    5,784.9    27,729.9 
   Income from fees and other services    103,110.8    90,542.6 
   Gains from foreign exchange transactions    13,436.1   
   Other operating income    3,007.2    4,001.6 
     
                Total operating revenues    589,887.3    504,406.0 
   Less:         
   Interest expense    (236,558.1)   (174,901.0)
   Losses from trading activities    (16,792.2)   (8,518.2)
   Expenses from fees and other services    (20,971.6)   (20,008.2)
   Loss from foreign exchange transactions      (14,243.0)
   Other operating expenses    (5,764.6)   (8,169.2)
     
                Gross margin    309,800.8    278,566.4 
   Personnel salaries and expenses    (92,500.9)   (78,884.6)
   Administrative and other expenses    (56,794.9)   (61,787.9)
   Depreciation and amortization    (11,783.3)   (9,917.9)
     
                Net margin    148,721.7    127,976.0 
   Provision for loan losses    (27,105.2)   (12,111.0)
     
                Total operating income    121,616.5    115,865.0 
 
NON-OPERATING RESULTS:         
   Non-operating income    6,588.0    9,944.8 
   Non-operating expenses    (6,913.3)   (7,274.3)
   Equity participation in net income (loss) in investments in other companies    (711.6)   739.4 
   Net loss from price-level restatement    (8,866.0)   (4,397.2)
     
                Income before income taxes    111,713.6    114,877.7 
   Income taxes    (12,053.0)   (11,543.5)
     
                Income after income taxes    99,660.6    103,334.2 
   Minority interest    (0.1)   (0.2)
     
                Net income for the year    99,660.5    103,334.0 
     


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: July 30, 2007

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