Edgar Filing: BANK OF CHILE

bch20120203_6k.htm - Generated by SEC Publisher for SEC Filing

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, 2012

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....Ö.... 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...Ö..

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

BANCO DE CHILE

REPORT ON FORM 6-K

______________

Attached is an English translation of a notice published by Banco de Chile in the Chilean newspaper Diario Estrategia announcing its year-end results.

BANCO DE CHILE AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

For the years ended December 31, 2011 and 2010

______________

			2011	2010
			MCh$	MCh$
	ASSETS
	Cash and due from banks		881,146	772,329
	Transactions in the course of collection		373,639	429,753
	Financial assets held-for-trading		336,822	308,552
	Receivables from Repurchase agreements and Security Borrowing		47,981	82,787
	Derivative instruments		385,688	489,582
	Loans and advances to banks		648,425	349,588
	Loans to customers, net		16,993,303	13,988,846
	Financial assets available-for-sale		1,468,898	1,154,883
	Financial assets held-to-maturity		—	—
	Investments in other companies		15,418	13,294
	Intangible assets		35,517	36,373
	Property and equipment		207,888	206,513
	Current tax assets		1,407	5,654
	Deferred tax assets		116,282	111,201
	Other assets		228,533	286,021

	TOTAL ASSETS		21,740,947	18,235,376
LIABILITIES
		Current accounts and other demand deposits	4,895,426	4,446,181
		Transactions in the course of payment	155,424	208,750
		Payables from Repurchase Agreements and Security Lending	223,202	81,755
		Savings accounts and time deposits	9,282,324	7,697,968
		Derivative instruments	429,913	528,445
		Borrowings from financial institutions	1,690,939	1,281,372
		Debt issued	2,388,341	1,764,165
		Other financial obligations	184,785	179,160
		Current tax liabilities	4,502	2,291
		Deferred tax liabilities	23,213	26,333
		Provisions	457,938	404,103
		Other liabilities	265,765	210,726

		TOTAL LIABILITIES	20,001,772	16,831,249

		EQUITY
		Attributable to Bank’s Owners:
		Capital	1,436,083	1,158,752
		Reserves	119,482	87,386
		Other comprehensive income	(2,075)	5,870
		Retained earnings:
		Retained earnings from previous periods	16,379	16,091
		Income for the year	428,805	378,529
		Less:
		Provision for minimum dividends	(259,501)	(242,503)
		Subtotal	1,739,173	1,404,125
		Non-controlling interests	2	2

		TOTAL EQUITY	1,739,175	1,404,127
		TOTAL LIABILITIES AND EQUITY	21,740,947	18,256,235

BANCO DE CHILE AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

For the years ended December 31, 2011 and 2010

______________


		2011	2010
		MCh$	MCh$
A. CONSOLIDATED STATEMENT OF INCOME

	Interest revenue	1,495,529	1,094,228
	Interest expense	(624,209)	(324,377)
	Net interest income	871,320	769,851

	Income from fees and commissions	367,966	342,219
	Expenses from fees and commissions	(59,193)	(49,957)
	Net fees and commission income	308,773	292,262

	Net financial operating income	26,927	19,323
	Foreign exchange transactions, net	(7,973)	63,762
	Other operating income	24,735	23,584
	Total operating revenues	1,223,782	1,168,782

	Provisions for loan losses	(124,840)	(208,590)
	OPERATING REVENUES, NET OF PROVISIONS FOR LOAN LOSSES	1,098,942	960,192

	Personnel expenses	(316,991)	(272,737)
	Administrative expenses	(229,919)	(197,669)
	Depreciation and amortization	(30,711)	(30,544)
	Impairment	(631)	(1,044)
	Other operating expenses	(35,596)	(43,085)
	TOTAL OPERATING EXPENSES	(613,848)	(545,079)

	NET OPERATING INCOME	485,094	415,113

	Income attributable to associates	3,300	1,926
	Income before income tax	488,394	417,039
	Income tax	(59,588)	(38,509)

	NET INCOME FOR THE YEAR	428,806	378,530

	Attributable to:
	Bank’s Owners	428,805	378,529
	Non-controlling interests	1	1

	Net income per share attributable to Bank’s Owners:	Ch$	Ch$
	Basic net income per share	5.01	4.59
	Diluted net income per share	5.01	4.59

Héctor Hernández G,

Accounting Manager

Arturo Tagle Q,

Chief Executive Officer

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: February 03, 2012.

Banco de Chile

/s/ Alejandro Herrera A.

By: Alejandro Herrera A.

Acting CEO

FORM 6-KSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934

FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934