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6-K

Bank Of Chile (BCH)

6-K 2025-10-30 For: 2025-10-30
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Added on July 04, 2026

FORM6-K

SECURITIESAND EXCHANGE COMMISSIONWashington, D.C. 20549

Reportof Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

For the month of October, 2025

Commission File Number 001-15266

BANKOF CHILE

(Translation of registrant’s name into English)

Ahumada251  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 þ Form 40-F ☐

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 þ

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 Banco de Chile’s Consolidated Financial Statements with notes as of September 30, 2025.

1

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 30, 2025

Banco de Chile
By: /S/ Eduardo Ebensperger O.
Eduardo Ebensperger O.
CEO 
2

Exhibit 99.1

BANCODE CHILE AND SUBSIDIARIES

INDEX

I. Interim Consolidated Statements of Financial Position
II. Interim Consolidated Statements of Income
III. Interim Consolidated Statements of Other Comprehensive Income
IV. Interim Consolidated Statements of Cash Flows
V. Interim Consolidated Statements of Changes in Equity
VI. Notes to the Interim Consolidated Financial Statements
MCh$ = Millions of Chilean pesos
BCh$ = Billions of Chilean pesos
MUS$ = Millions of U.S. dollars
ThUS$ = Thousands of U.S. dollars
UF or CLF = Unidad de Fomento
(The UF is an inflation-indexed, Chilean peso denominated monetary unit set daily in advance on the basis of the previous month’s inflation rate).
Ch$ or CLP = Chilean pesos
US$ or USD = U.S. dollar
JPY = Japanese yen
EUR = Euro
HKD = Hong Kong dollar
CHF = Swiss Franc
PEN = Peruvian sol
AUD = Australian dollar
NOK = Norwegian krone
MXN = Mexican peso
IFRS = International Financial Reporting Standards
IAS = International Accounting Standards
RAN = Updated<br> Standards Compilation issued by the Chilean Financial Market Commission (“CMF”)
IFRIC = International Financial Reporting Interpretations Committee
SIC = Standards Interpretation Committee

BANCODE CHILE AND SUBSIDIARIES

INDEX

Page
Interim Consolidated Statements of Financial Position 3
Interim Consolidated Statements of Income 5
Interim Consolidated Statements of Other Comprehensive Income 7
Interim Consolidated Statements of Cash Flows 8
Interim Consolidated Statements of Changes in Equity 10
1. Company information: 11
2. Summary of Significant Accounting Policies: 12
3. New Accounting Pronouncements Issued and Adopted, or Issued that have not yet been Adopted: 49
4. Changes in Accounting Policies 53
5. Relevant Events: 54
6. Business Segments: 58
7. Cash and Cash Equivalents: 61
8. Financial Assets Held for Trading at Fair Value through Profit or Loss: 62
9. Non-trading Financial Assets mandatorily measured at Fair Value through Profit or Loss: 64
10. Financial Assets and Liabilities designated as at Fair Value through Profit or Loss: 64
11. Financial Assets at Fair Value through Other Comprehensive Income: 65
12. Derivative Financial Instruments for hedging purposes: 67
13. Financial assets at amortized cost: 70
14. Investments in other companies: 90
15. Intangible Assets: 92
16. Property and equipment: 93
17. Right-of-use assets and Lease liabilities: 94
18. Taxes: 97
19. Other Assets: 102
20. Non-current assets and disposal groups held for sale and Liabilities included in disposal groups for sale: 103
21. Financial liabilities held for trading at fair value through profit or loss: 104
22. Financial liabilities at amortized cost: 105
23. Regulatory capital financial instruments: 111
24. Provisions for contingencies: 114
25. Provision for dividends, interests and reappraisal of regulatory capital financial instruments: 118
26. Special provisions for credit risk: 119
27. Other Liabilities: 120
28. Equity: 121
29. Contingencies and Commitments: 126
30. Interest Revenue and Expenses: 130
31. UF indexation revenue and expense: 133
32. Income and Expenses from commissions: 136
33. Net Financial income (expense): 137
34. Income attributable to investments in other companies: 138
35. Result from non-current assets and disposal groups held for sale not admissible as discontinued operations: 139
36. Other operating Income and Expenses: 139
37. Expenses from salaries and employee benefits: 140
38. Administrative expenses: 141
39. Depreciation and Amortization: 142
40. Impairment of non-financial assets: 142
41. Credit loss expense: 143
42. Income from discontinued operations: 145
43. Related Party Disclosures: 145
44. Fair Value of Financial Assets and Liabilities: 152
45. Maturity according to their remaining Terms of Financial Assets and Liabilities: 164
46. Financial and Non-Financial Assets and Liabilities by Currency: 166
47. Risk Management and Report: 167
48. Information on Regulatory Capital and Capital Adequacy Ratios: 207
49. Subsequent Events: 212

BANCODE CHILE AND SUBSIDIARIES

INTERIM CONSOLIDATED STATEMENTS OF FINANCIALPOSITION

As of September 30, 2025 and December 31, 2024

September December
Notes 2025 2024
MCh$ MCh$
ASSETS
Cash and due from banks 7 2,055,697 2,699,076
Transactions in the course of collection 7 586,308 372,456
Financial assets held for trading at fair value through profit or loss:
Derivative financial instruments 8 1,766,262 2,303,353
Debt financial instruments 8 3,197,813 1,714,381
Others 8 403,914 411,689
Non-trading financial assets mandatorily measured at fair value through profit or loss 9 — —
Financial assets at fair value through profit or loss 10 — —
Financial assets at fair value through other comprehensive income:
Debt financial instruments 11 3,283,820 2,088,345
Others 11 — —
Derivative financial instruments for hedging purposes 12 69,057 73,959
Financial assets at amortized cost:
Rights by resale agreements and securities lending 13 106,523 87,291
Debt financial instruments 13 458,332 944,074
Loans and advances to Banks 13 2,061,577 666,815
Loans to customers - Commercial loans 13 19,846,324 19,724,933
Loans to customers - Residential mortgage loans 13 13,804,608 13,180,186
Loans to customers - Consumer loans 13 5,136,132 5,183,917
Investments in other companies 14 83,265 76,769
Intangible assets 15 168,125 158,556
Property and equipment 16 179,177 189,073
Right-of-use assets 17 84,621 96,879
Current tax assets 18 5,819 159,869
Deferred tax assets 18 562,607 556,829
Other assets 19 1,580,799 1,373,541
Non-current assets and disposal groups held for sale 20 29,313 33,450
TOTAL ASSETS 55,470,093 52,095,441

The accompanying notes 1 to 49 are an integral part of these interim consolidated financial statements

3

BANCODE CHILE AND SUBSIDIARIES

INTERIM CONSOLIDATED STATEMENTS OF FINANCIALPOSITION

As of September 30, 2025 and December 31, 2024

September December
Notes 2025 2024
MCh$ MCh$
LIABILITIES
Transactions in the course of payments 7 519,938 283,605
Financial liabilities held for trading at fair value through profit or loss:
Derivative financial instruments 21 1,912,284 2,444,806
Others 21 1,381 990
Financial liabilities designated as at fair value through profit or loss 10 — —
Derivative Financial Instruments for hedging purposes 12 184,481 141,040
Financial liabilities at amortized cost:
Current accounts and other demand deposits 22 14,323,346 14,263,303
Saving accounts and time deposits 22 15,139,286 14,168,703
Obligations by repurchase agreements and securities lending 22 168,080 109,794
Borrowings from financial institutions 22 1,525,228 1,103,468
Debt financial instruments issued 22 11,335,551 9,690,069
Other financial obligations 22 281,542 284,479
Lease liabilities 17 79,704 91,429
Regulatory capital financial instruments 23 1,095,083 1,068,879
Provisions for contingencies 24 173,289 194,753
Provision for dividends, interests and reappraisal  of regulatory capital financial instruments 25 468,332 597,228
Special provisions for credit risk 26 728,625 774,184
Current tax liabilities 18 49,996 132
Deferred tax liabilities 18 1,323 166
Other liabilities 27 1,801,079 1,255,412
Liabilities included in disposal groups held for sale 20 — —
TOTAL LIABILITIES 49,788,548 46,472,440
EQUITY
Capital 28 2,420,538 2,420,538
Reserves 28 711,658 709,742
Accumulated other comprehensive income
Items that are not reclassified in profit and loss 28 6,906 7,552
Items that can be reclassified to profit and loss 28 (6,741 ) (3,775 )
Retained earnings from previous periods 28 2,090,790 1,878,778
Income for the period 28 926,725 1,207,392
Less: Provision for dividends, interests and reappraisal  of regulatory capital financial instruments 28 (468,332 ) (597,228 )
Shareholders of the Bank 28 5,681,544 5,622,999
Non-controlling interests 28 1 2
TOTAL EQUITY 5,681,545 5,623,001
TOTAL LIABILITIES AND EQUITY 55,470,093 52,095,441

The accompanying notes 1 to 49 are an integral part of these interim consolidated financial statements

4

BANCO DE CHILE AND SUBSIDIARIES

INTERIM CONSOLIDATED STATEMENTS OF INCOME

For the periods ended September 30, 2025 and2024

For the nine-month period<br><br> ended September 30, For the three-month period<br><br> ended September 30,
Notes 2025 2024 2025 2024
MCh$ MCh$ MCh$ MCh$
Interest revenue 30 2,033,098 2,233,807 687,107 691,255
Interest expense 30 (734,552 ) (893,926 ) (248,900 ) (266,476 )
Net interest income 1,298,546 1,339,881 438,207 424,779
UF indexation revenue 31 552,569 570,342 110,529 172,542
UF indexation expense 31 (299,355 ) (324,974 ) (60,893 ) (97,248 )
Net income from UF indexation 253,214 245,368 49,636 75,294
Income from commissions 32 586,936 542,357 199,017 181,573
Expense from commissions 32 (114,163 ) (115,124 ) (38,768 ) (35,836 )
Net income from commissions 472,773 427,233 160,249 145,737
Financial income (expense) for:
Financial assets and liabilities held for trading 33 120,193 139,247 42,386 63,663
Non-trading financial assets mandatorily measured at fair value through profit or loss 33 — — — —
Financial assets and liabilities designated as at fair value through profit or loss 33 — — — —
Result from derecognition of financial assets and liabilities at amortized cost and financial assets at fair value through other comprehensive income 33 11,446 8,293 9,400 3,212
Exchange, indexation and accounting hedging of foreign currency 33 70,692 77,440 20,952 (4,518 )
Reclassification of financial assets for changes in the business model 33 — — — —
Other financial result 33 — — — —
Net Financial income (expense) 33 202,331 224,980 72,738 62,357
Income attributable to investments in other companies 34 8,481 7,084 2,670 3,004
Result from non-current assets and disposal groups held for sale not admissible as discontinued operations 35 3,761 (2,465 ) 2,789 (647 )
Other operating income 36 38,357 30,052 9,394 10,322
TOTAL OPERATING INCOME 2,277,463 2,272,133 735,683 720,846
Expenses from salaries and employee benefits 37 (418,563 ) (419,369 ) (138,125 ) (139,535 )
Administrative expenses 38 (321,097 ) (313,467 ) (106,927 ) (101,563 )
Depreciation and amortization 39 (71,023 ) (70,951 ) (23,668 ) (24,163 )
Impairment of non-financial assets 40 (2,826 ) (1,471 ) (386 ) 41
Other operating expenses 36 (24,809 ) (24,330 ) (7,240 ) (7,721 )
TOTAL OPERATING EXPENSES (838,318 ) (829,588 ) (276,346 ) (272,941 )
OPERATING RESULT BEFORE CREDIT LOSSES 1,439,145 1,442,545 459,337 447,905

The accompanying notes 1 to 49 are an integral part of these interim consolidated financial statements

5

BANCO DE CHILE AND SUBSIDIARIES

INTERIM CONSOLIDATED STATEMENTS OF INCOME

For the periods ended September 30, 2025 and2024

For the nine-month period<br> ended September 30, For the three-month period<br> ended September 30,
Notes 2025 2024 2025 2024
MCh MCh MCh MCh
Credit loss expense for:
Provisions for credit risk of loans and advances to banks and loans to customers 41 (359,665 ) (333,712 ) (105,363 ) (107,477 )
Special provisions for credit risk 41 45,140 (2,532 ) 9,399 5,016
Recovery of written-off credits 41 51,580 46,692 17,904 18,385
Impairments for credit risk from other financial assets at amortized cost and financial assets at fair value through other comprehensive income 41 (3,135 ) 1,094 (1,500 ) 3,722
Credit loss expense 41 (266,080 ) (288,458 ) (79,560 ) (80,354 )
NET OPERATING INCOME 1,173,065 1,154,087 379,777 367,551
Income from continuing operations before tax 1,173,065 1,154,087 379,777 367,551
Income tax 18 (246,340 ) (244,761 ) (86,863 ) (79,480 )
Income from continuing operations after tax 926,725 909,326 292,914 288,071
Income from discontinued operations before tax — — — —
Income tax from discontinued operations 18 — — — —
Income from discontinued operations after tax 42 — — — —
NET INCOME FOR THE PERIOD 28 926,725 909,326 292,914 288,071
Attributable to:
Shareholders of the Bank 28 926,725 909,326 292,914 288,071
Non-controlling interests — — — —
Earnings per share:
Basic earnings 28 9.17 9.00 2.90 2.85
Diluted earnings 28 9.17 9.00 2.90 2.85

All values are in US Dollars.

The accompanying notes 1 to 49 are an integral part of these interim consolidated financial statements

6

BANCO DE CHILE AND SUBSIDIARIES

INTERIM CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME

For the periods ended September 30, 2025 and2024

For the nine-month period<br><br> ended September 30, For the three-month period<br><br> ended September 30,
Notes 2025 2024 2025 2024
MCh$ MCh$ MCh$ MCh$
NET INCOME FOR THE PERIOD 28 926,725 909,326 292,914 288,071
ITEMS THAT WILL NOT BE RECLASSIFIED IN PROFIT OR LOSS
Re-measurement of the liability (asset) for net defined benefits and actuarial results for other employee benefit plans 28 (62 ) 115 — (66 )
Fair value changes of equity instruments designated as at fair value through other comprehensive income 28 (125 ) (1,241 ) 117 (397 )
Fair value changes of financial liabilities designated as at fair value through profit or loss attributable to changes in the credit risk of the financial liability 28 — — — —
Others 28 — — — —
OTHER COMPREHENSIVE INCOME THAT WILL NOT BE RECLASSIFIED TO PROFIT OR LOSS BEFORE TAX (187 ) (1,126 ) 117 (463 )
Income tax on other comprehensive income that will not be reclassified to profit or loss 28 (459 ) 1,161 (28 ) 144
TOTAL OTHER COMPREHENSIVE INCOME THAT WILL NOT BE RECLASSIFIED TO INCOME AFTER TAXES 28 (646 ) 35 89 (319 )
ITEMS THAT CAN BE RECLASSIFIED TO PROFIT OR LOSS
Fair value changes of financial assets at fair value through other comprehensive income 28 8,698 10,846 967 13,890
Cash flow hedges 28 (14,892 ) (22,719 ) (26,994 ) (28,157 )
Participation in other comprehensive income of entities registered under the equity method 28 58 40 32 39
OTHER COMPREHENSIVE INCOME THAT WILL BE RECLASSIFIED TO INCOME BEFORE TAXES (6,136 ) (11,833 ) (25,995 ) (14,228 )
Income tax on other comprehensive income that can be reclassified in profit or loss 28 3,170 4,402 7,227 8,100
TOTAL OTHER COMPREHENSIVE INCOME THAT WILL BE RECLASSIFIED TO PROFIT OR LOSS AFTER TAX 28 (2,966 ) (7,431 ) (18,768 ) (6,128 )
TOTAL OTHER COMPREHENSIVE INCOME FOR THE PERIOD 28 (3,612 ) (7,396 ) (18,679 ) (6,447 )
CONSOLIDATED COMPREHENSIVE INCOME FOR THE PERIOD 923,113 901,930 274,235 281,624
Attributable to:
Shareholders of the Bank 923,113 901,930 274,235 281,624
Non-controlling interests — — — —

The accompanying notes 1 to 49 are an integral part of these interim consolidated financial statements

7

BANCODE CHILE AND SUBSIDIARIES

INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS

For the periods ended September 30, 2025 and2024

For the nine-month period ended<br> <br>September 30,
Notes 2025 2024
MCh$ MCh$
CASH FLOW FROM OPERATING ACTIVITIES:
Profit for the period before taxes 1,173,065 1,154,087
Income tax 18 (246,340 ) (244,761 )
Net income for the period 926,725 909,326
Charges (credits) to income (loss) that do not represent cash flows:
Depreciation and amortization 39 71,023 70,951
Impairment of non-financial assets 40 2,826 1,471
Allowances established for credit risk 368,127 336,911
Provisions for contingent loans 41 18,568 (1,761 )
Additional provisions 41 (69,035 ) —
Fair value of debt financial instruments held for trading at fair value through in profit or loss (4,034 ) (4,650 )
Change in deferred tax assets and liabilities 18 (5,914 ) 12,572
Net (income) loss from investments in companies with significant influence 34 (8,041 ) (6,738 )
Net (income) loss on sale of assets received in payments (1,527 ) (975 )
Net (income) loss on sale of fixed assets 35 (6,182 ) (880 )
Write-offs of assets received in payment 35 12,269 9,728
Other charges (credits) that do not represent cash flows 14,047 3,359
Net change in exchange rates, interest, readjustments and commissions accrued on assets and liabilities 514,218 451,291
Changes due to (increase) decrease in assets and liabilities affecting the operating flow:
Net (increase) decrease in accounts receivable from banks (1,401,140 ) 818,071
Net (increase) decrease in loans and accounts receivables from customers (1,025,666 ) (826,239 )
Net (increase) decrease of debt financial instruments held for trading at fair value through profit or loss (150,724 ) 511,037
Net (increase) decrease in other assets and liabilities 553,377 (308,319 )
Increase (decrease) in deposits and other demand obligations 61,469 (76,750 )
Increase (decrease) in repurchase agreements and securities loans 62,931 (71,033 )
Increase (decrease) in deposits and other time deposits 984,656 (702,049 )
Sale of assets received in lieu of payment 21,783 14,382
Increase (decrease) in obligations with foreign banks 451,830 123,393
Increase (decrease) in other financial obligations (4,959 ) (60,992 )
Increase (decrease) in obligations with the Central Bank of Chile — (4,348,400 )
Net increase (decrease) of debt financial instruments at fair value through other comprehensive income (1,193,542 ) 1,758,535
Net (increase) decrease of financial instruments at amortized cost 380,110 506,335
Total net cash flows provided by (used in) operating activities 573,195 (881,424 )
CASH FLOW FROM INVESTING ACTIVITIES:
Leasehold improvements 17 (489 ) (828 )
Property and equipment purchase 16 (11,831 ) (12,145 )
Property and equipment sale 8,515 1,237
Sale of investments in companies — 2,294
Acquisition of intangibles 15 (39,685 ) (42,757 )
Dividend received of investments in companies 3,814 2,116
Total net cash flows provided by (used in) investing activities (39,676 ) (50,083 )
CASH FLOW FROM FINANCING ACTIVITIES:
Attributable to the interest of the owners:
Redemption and payment of interest of letters of credit (264 ) (485 )
Redemption and payment of interest on current bonds (1,120,245 ) (836,907 )
Redemption and payment of interest on subordinated bonds (29,488 ) (28,144 )
Current bonds issuance 22 2,331,480 792,603
Subordinated bonds issuance — —
Payment of common stock dividends 28 (995,380 ) (815,932 )
Principal and interest payments for obligations under lease contracts 17 (23,239 ) (22,513 )
Attributable to non-controlling interest:
Dividend payment and/or withdrawals of paid-in capital in respect of the subsidiaries corresponding to the non-controlling interest — —
Total net cash flows provided by (used in) financing activities 162,864 (911,378 )
VARIATION IN CASH AND CASH EQUIVALENTS DURING THE PERIOD 696,383 (1,842,885 )
Effect of exchange rate changes on cash and cash equivalents (21,144 ) 39,856
Opening balance of cash and cash equivalent 7 4,489,586 5,544,147
Final balance of cash and cash equivalent 7 5,164,825 3,741,118
For the nine-month period ended<br> <br>September 30,
--- --- --- --- --- --- ---
2025 2024
MCh$ MCh$
Interest operating cash flow:
Interest and readjustments received 2,632,071 2,773,512
Interest and readjustments paid (975,524 ) (741,087 )

The accompanying notes 1 to 49 are an integral part of these interim consolidated financial statements

8

BANCODE CHILE AND SUBSIDIARIES

INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS

For the period between January 1, and September30, 2025

Reconciliation of liabilities arising from financing activities:

Changes from non-cash Flow items
12.31.2024 Net Cash<br><br> Flow Acquisition / (Disposals) Foreign<br><br> currency UF Movement Changes<br><br> other than<br><br> Cash 09.30.2025
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Letters of credit 850 (264 ) — — 18 — 604
Bonds 10,758,098 1,181,747 — 28,070 462,115 — 12,430,030
Dividends paid 597,228 (995,380 ) — — — 866,484 468,332
Obligations for lease contracts 91,429 (23,239 ) 7,782 — 3,732 — 79,704
Dividend payment and/or withdrawals of paid-in capital in respect of the subsidiaries corresponding to the non-controlling interest — — — — — — —
Total liabilities from financing activities 11,447,605 162,864 7,782 28,070 465,865 866,484 12,978,670

The accompanying notes 1 to 49 are an integral part of these interim consolidated financial statements

9

BANCODE CHILE AND SUBSIDIARIES

INTERIM CONSOLIDATED STATEMENTS OF CHANGES INEQUITY

For the periods between January 1, and September30, 2025 and 2024

Attributable to shareholders of the Bank
Note Capital Reserves Accumulated<br><br> other<br><br> comprehensive<br><br> income Retained earnings<br><br> from previous<br><br> years and income<br><br> (loss) for the <br><br>year Total Non-<br><br>controlling<br><br> interests Total<br><br> Equity
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Opening balances as of January 1, 2024 2,420,538 709,742 24,242 2,082,761 5,237,283 2 5,237,285
Dividends distributed and paid 28 — — — (815,932 ) (815,932 ) (2 ) (815,934 )
Application of provision for payment of common stock dividends — — — 611,949 611,949 — 611,949
Provision for payment of common stock dividends 28 — — — (460,587 ) (460,587 ) — (460,587 )
Subtotal: transactions with owners during the period — — — (664,570 ) (664,570 ) (2 ) (664,572 )
Income for the period 2024 28 — — — 909,326 909,326 — 909,326
Other comprehensive income for the period 28 — — (7,396 ) — (7,396 ) — (7,396 )
Subtotal: Comprehensive income for the period — — (7,396 ) 909,326 901,930 — 901,930
Balances as of September 30, 2024 2,420,538 709,742 16,846 2,327,517 5,474,643 — 5,474,643
Dividends distributed and paid — — — — — 2 2
Application of provision for payment of common stock dividends — — — — — — —
Provision for payment of common stock dividends — — — (136,641 ) (136,641 ) — (136,641 )
Subtotal: transactions with owners during the period — — — (136,641 ) (136,641 ) 2 (136,639 )
Income for the period 2024 — — — 298,066 298,066 — 298,066
Other comprehensive income for the period — — (13,069 ) — (13,069 ) — (13,069 )
Subtotal: Comprehensive income for the period — — (13,069 ) 298,066 284,997 — 284,997
Balances as of December 31, 2024 2,420,538 709,742 3,777 2,488,942 5,622,999 2 5,623,001
Dividends distributed and paid 28 — — — (995,380 ) (995,380 ) (1 ) (995,381 )
Application of provision for payment of common stock dividends 28 — — — 597,228 597,228 — 597,228
Provision for payment of common stock dividends 28 — — — (468,332 ) (468,332 ) — (468,332 )
Subtotal: transactions with owners during the period — — — (866,484 ) (866,484 ) (1 ) (866,485 )
Income for the period 2025 28 — — — 926,725 926,725 — 926,725
Other comprehensive income for the period 28 — 1,916 (3,612 ) — (1,696 ) — (1,696 )
Subtotal: Comprehensive income for the period — 1,916 (3,612 ) 926,725 925,029 — 925,029
Balances as of September 30, 2025 2,420,538 711,658 165 2,549,183 5,681,544 1 5,681,545

The accompanying notes 1 to 49 are an integral part of these interim consolidated financial statements

10

BANCO DE CHILE AND SUBSIDIARIES

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS

As of September 30, 2025 and 2024 and December31, 2024

1. Company information:

Banco de Chile (“The Bank”) is authorized to operate as a commercial bank since September 17, 1996, being, in conformity with the stipulations of article 25 of Law No. 19,396, the legal continuation of Banco de Chile resulting from the merger of the Banco Nacional de Chile, Banco Agrícola and Banco de Valparaiso, which was constituted by public deed dated October 28, 1893, granted before the Notary Public of Santiago, Mr. Eduardo Reyes Lavalle, authorized by Supreme Decree of November 28, 1893.

The Bank is a Corporation organized under the laws of the Republic of Chile, regulated by the Chilean Commission for the Financial Market (“CMF”). Since 2001, it is subject to the supervision of the Securities and Exchange Commission of the United States of America (“SEC”), in consideration of the fact that the Bank is registered on the New York Stock Exchange (“NYSE”), through an American Depositary Receipt (“ADR”).

Banco de Chile offers a broad range of banking services to its customers, ranging from individuals to large corporations. Additionally, the Bank offers international as well as treasury banking services, in addition to those offered by subsidiaries that include securities brokerage, mutual fund and investment management, insurance brokerage and financial advisory services.

Banco de Chile’s legal address is Ahumada 251, Santiago, Chile and its website is www.bancochile.cl.

11
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary<br>of Significant Accounting Policies:
--- ---
(a) Legal Provisions:
--- ---

Decree Law No. 3,538 of 1980, according to the text superseded by the first article of Law No. 21,000 that “Creates the Financial Market Commission”, provides in number 6 of its article 5 that the Financial Market Commission (“CMF”) may “set the standards for the preparation and presentation of reports, balance sheets, statements of situation and other financial statements of the audited entities and determine the principles under which they must keep their accounting records”.

According to the current legal framework, banks must use the accounting principles established by the CMF and in everything that is not dealt with by it or in contravention of its instructions, they must adhere to the generally accepted accounting principles, which correspond to the technical standards issued by the Colegio de Contadores de Chile A.G., coinciding with the Accounting Standards of International Financial Reporting Standards (“IFRS”) issued by the International Accounting Standards Board (“IASB”). Should any discrepancy exist between accounting principles generally accepted in Chile and the accounting standards issued by the CMF, the latter shall prevail.

The notes to the Interim Consolidated Financial Statements contain additional information to that presented in the Interim Consolidated Statement of Financial Position, Interim Consolidated Statement of Income, Interim Consolidated Statement of Other Comprehensive Income, Interim Consolidated Statement of Changes in Equity and Interim Consolidated Statement of Cash Flows. They provide narrative descriptions or disaggregation of such statements in a clear, relevant, reliable and comparable manner.

(b) Basis of Consolidation:

The Interim Consolidated Financial Statements of Banco de Chile for the periods ended September 30, 2025 and December 31, 2024, have been consolidated with its subsidiaries, using the global integration method (line-by-line). These contain preparation of stand-alone Financial Statements of the Bank and between subsidiaries included in the consolidation, and include the adjustments and reclassifications required for consistent application of the accounting policies and measurement criteria applied by the Bank. The Interim Consolidated Financial Statements have been prepared using consistent accounting policies for similar transactions and other events, in equivalent circumstances.

Significant intercompany transactions and balances (assets and liabilities, equity, income, expenses and cash flows) generated from operations performed between the Bank and its subsidiaries have been eliminated in the consolidation process. The non-controlling interest corresponding to the participation percentage of third parties in subsidiaries, which the Bank does not own directly or indirectly, has been recognized and is shown separately in the consolidated shareholders’ equity and consolidated income statement of the bank.

12
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant Accounting Policies, continued:
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(b) Basisof Consolidation, continued:
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− Subsidiaries:
--- ---

Interim Consolidated Financial Statements for the periods ended September 30, 2025 and 2024 include the Financial Statements of the Bank and its subsidiaries in accordance with IFRS 10 “Consolidated Financial Statements”.

The entities controlled by the Bank and consolidated are detailed as follows:

Ownership interest
Direct Indirect Total
Functional September December September December September December
Rut Subsidiaries Country Currency 2025 2024 2025 2024 2025 2024
% % % % % %
96,767,630-6 Banchile Administradora General de Fondos S.A. Chile Ch$ 99.98 99.98 0.02 0.02 100.00 100.00
96,543,250-7 Banchile Asesoría Financiera S.A. Chile Ch$ 99.96 99.96 — — 99.96 99.96
77,191,070-K Banchile Corredores de Seguros Ltda. Chile Ch$ 99.83 99.83 0.17 0.17 100.00 100.00
96,571,220-8 Banchile Corredores de Bolsa S.A. Chile Ch$ 99.70 99.70 0.30 0.30 100.00 100.00
77,955,969-6 Operadora de Tarjetas B-Pago S.A. (*) Chile Ch$ 99.90 99.90 0.10 0.10 100.00 100.00
96,645,790-2 Socofin S.A. (**) Chile Ch$ — 99.00 — 1.00 — 100.00
(*) On<br>July 29, 2024, the public deed of incorporation of the subsidiary of Banco de Chile was signed and on June 24, 2025, the company’s name<br>was changed to Operadora de Tarjetas Banchile Pagos S.A.
--- ---
(**) On<br>June 17, 2025, the CMF approved, by exempt resolution, the request to absorb and dissolve the subsidiary, which became effective on July<br>4, 2025. See Note 5 letter (d) and (g) in Relevant Events.
--- ---
− Investments in associates and joint ventures:
--- ---

Associated entities are those over which the Bank has the capacity to exercise significant influence, without having control over the associate.

Investments in associates where there exists significant influence are accounted for using the equity method of accounting (Note 14 Investments in other companies).

Joint Ventures are joint arrangements whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement. Joint control exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control.

Investments defined as a “Joint Venture” will be registered according to the equity method.

The investment in other companies that, due to its characteristics, is defined as “Joint Venture” is Servipag Ltda.

− Minority investments in other companies:

On initial recognition, the Bank and subsidiaries may make an irrevocable election to present in other comprehensive income subsequent changes in the fair value of an investment in an equity instrument that is not held for trading and is not contingent consideration recognized by an acquirer in a business combination to which IFRS 3 is applied.

13
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant Accounting Policies, continued:
--- ---
(b) Basis of Consolidation, continued:
--- ---
− Fund management:
--- ---

The Bank and its subsidiaries manage and administer assets held in mutual funds and other investment products on behalf of investors, receiving a payment according to the service provided and market conditions. Managed resources are owned by third parties and, therefore, not included in the Consolidated Statements of Financial Position.

In accordance with IFRS 10, for consolidation purposes it is necessary to assess the role of the Bank and its subsidiaries with respect to the funds they manage, having to determine whether such role is that of an Agent or Principal.

The Bank and its subsidiaries manage on behalf and for the benefit of investors, acting in that relationship only as an Agent. Under such category, and as provided in the aforementioned regulation, it does not control such funds when exercising their authority to make decisions. Accordingly, as of September 30, 2025 and 2024 as acting as agents, are not included in the consolidation of any fund.

(c) Non-controlling interest:

Non-controlling interest represents the share of losses, income and net assets which, the Bank does not control directly or indirectly, the Bank does not own. It is presented separately from the equity of the owners of the Bank in the Consolidated Statements of Income and the Consolidated Statements of Financial Position.

(d) Use of Estimates and Judgment:

Preparing Interim Consolidated Financial Statements requires Management to make judgments, estimations and assumptions that affect the application of accounting policies and the valuation of assets, liabilities, income and expenses presented. Actual results could differ from these estimated amounts. The estimates made refer to:

- Impairment<br> losses on assets and liabilities (Notes 11, 13, 15, 16, 17 and 40);
- Allowance<br> for credit losses (Notes 13, 26 and 41);
--- ---
- Expenses<br> for amortization of intangible assets, depreciation of property and equipment and leased<br> assets and lease liabilities (Notes 15, 16 and 17);
--- ---
- Current<br> and deferred taxes (Note 18);
--- ---
- Provisions<br> (Note 24);
--- ---
- Contingencies<br> and commitments (Note 29);
--- ---
- Fair<br> value of financial assets and liabilities (Notes 8, 11, 12, 21 and 44).
--- ---

Estimates and relevant assumptions are regularly reviewed by Management in order to quantify certain assets, liabilities, revenue, expenses and commitments.

During the period ended September 30, 2025, there have been no significant changes in the estimates made with the exception of that indicated in Note 4 Changes in Accounting Policies.

14
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant Accounting Policies, continued:
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(e) Financial Assets:

The classification, measurement and presentation of financial assets has been performed based on the standards issued by the CMF in the Compendium of Accounting Standards for Banks or “CNCB” (per its Spanish acronym), considering the criteria described below:

Classificationof financial assets:

On initial recognition, a financial asset is classified within the following categories: Financial assets held for trading at fair value through profit or loss; Non-trading financial assets mandatorily measured at fair value through profit or loss; Financial assets designated as at fair value through profit or loss; Financial assets at fair value through other comprehensive income and Financial assets at amortized cost.

The criteria for classifying financial assets, which includes the standards defined in IFRS 9, depends on the business model with which the entity manages the assets and the contractual characteristics of the cash flows, commonly known as the “Solely Payments of Principal and Interest” (SPPI) criterion.

The measurement of these assets should reflect how the Bank manages groups of financial assets and does not depend on the intent for an individual instrument.

A financial asset shall be measured at amortized cost if both of the following conditions are met:

- The<br> financial asset is held within a business model whose objective is to hold financial assets<br> to collect contractual cash flows and
- The<br> contractual terms of the financial asset give rise on specified dates to cash flows that<br> are solely payments of principal and interest on the principal amount outstanding.
--- ---

A financial asset shall be measured at fair value through other comprehensive income if the following two conditions are met:

- It<br> is held within a business model whose objective is achieved by both collecting contractual<br> cash flows and selling financial assets and
- The<br> contractual terms of the financial asset give rise on specified dates to cash flows that<br> are solely payments of principal and interest on the principal amount outstanding.
--- ---

A financial asset will be classified at fair value through profit or loss whenever, due to the business model or the characteristics of its contractual cash flows, it is not appropriate to classify it in any of the other categories described above.

15
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant Accounting Policies, continued:
--- ---
(e) Financial Assets, continued:
--- ---

Measurementof financial assets:

Initialrecognition:

Financial assets are initially recognized at fair value plus, in the case of a financial asset that is not carried at fair value through profit or loss, the transaction costs that are directly attributable to its acquisition or issuance, using the Effective Interest Rate method (EIT). The calculation of the effective interest rate includes all fees, commissions and other items paid or received that are part of the effective interest rate. Transaction costs include incremental costs that are directly attributable to the acquisition or issuance of a financial asset.

Subsequentmeasurement:

All variations in the value of financial assets due to the accrual of interest and items treated as interest are recorded in “Interest income” or “Interest expense” of the Consolidated Statement of Income for the year in which the accrual occurred, except for trading derivatives that are not part of accounting hedges.

Changes in the valuations that occur subsequent to initial registration for reasons other than those mentioned in the preceding paragraph, are treated as described below, based on the categories in which the financial assets are classified.

Financialassets held for trading at fair value through profit or loss, Non-trading financial assets mandatorily measured at fair value throughprofit or loss and financial assets designated as at fair value through profit or loss:

The caption “Financial assets held for trading at fair value through profit or loss” will record financial assets whose business model aims to generate profits through purchases and sales or to generate results at short-term.

The financial assets recorded under “Non-trading Financial assets mandatorily measured at fair value through profit or loss” are assigned to a business model whose objective is achieved by obtaining contractual cash flows and/or selling financial assets but where the cash flows contracts have not met the conditions of the SPPI test.

The caption “Financial assets designated as at fair value through profit or loss” will classify financial assets only when such designation eliminates or significantly reduces the inconsistency in the measurement or in the recognition that would arise from valuing or recognizing the assets on a different basis.

The assets recorded in these items are valued after their acquisition at their fair value and changes in their value are recorded, at their net amount, under “Financial assets and liabilities held for trading”, “Non-trading financial assets and liabilities mandatorily measured at fair value through profit or loss” and “Financial assets and liabilities designated as at fair value through profit or loss” of the Consolidated Statement of Income. Variations originated from differences are recorded under “Foreign currency changes, UF indexation and accounting hedge” in the Consolidated Statement of Income.

16
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant Accounting Policies, continued:
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(e) Financial Assets, continued:
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Financialassets at fair value through other comprehensive income:

− Debt financial instruments:

The assets recorded in this item are measured at their fair value, interest income and indexation of these instruments, as well as exchange differences and impairment arising, are recorded in the Consolidated Statement of Income, whereas subsequent variations in their valuation are temporarily recorded (for its amount net of taxes) in “Changes in the fair value of financial assets at fair value through other comprehensive income” of the Consolidated Statements of Other Comprehensive Income.

The amounts recorded in “Changes in the fair value of financial assets at fair value through other comprehensive income” continue to be part of the Bank’s consolidated equity until the asset is derecognized in the consolidated balance. Should these assets be sold, the resulting gain or loss is recognized in “Financial result for derecognizing financial assets and liabilities at amortized cost and financial assets at fair value through other comprehensive income” in the Consolidated Statement of Income.

Net impairment losses on financial assets at fair value through other comprehensive income occurred during the year are recorded in “Impairment due to credit risk of other financial assets at amortized cost and financial assets at fair value through other comprehensive income” in the Consolidated Statement of Income.

− Equity financial instruments:

On initial recognition, the Bank may make the irrevocable decision to present subsequent changes in fair value in other comprehensive income. Subsequent variations in this valuation will be recognized in “Changes in fair value of equity instruments designated as at fair value through other comprehensive income.” The dividends received from these investments are recorded in “Income from investments in companies” in the Consolidated Statement of Income. These instruments are not subject to the impairment model of IFRS 9.

− Financial assets at amortized cost:

The assets recorded in this item of the Consolidated Statement of Financial Position are measured after their acquisition at their “amortized cost”, in accordance with the effective interest method. They are subdivided according to the following:

- Investment<br> under resale agreements and securities loans (Note 13 (a)).
- Debt<br> financial instruments (Note 13 (b)).
--- ---
- Due<br> from banks (Note 13 (c)).
--- ---
- Loans<br> and accounts receivable from customers (Note 13 (d)).
--- ---

Losses due to impairment of these assets generated in each year are recorded in “Provisions for credit risk and loans and accounts receivable from customers” and “Impairment due to credit risk of other financial assets at amortized cost and financial assets at fair value through other comprehensive income” in the Consolidated Statement of Income.

17
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant Accounting Policies, continued:
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(e) Financial Assets, continued:
--- ---
− Investment under resale agreements, obligations under repurchase agreements and securities loans:
--- ---

Resale agreement operations are carried out as a form of investment. Under these agreements, financial instruments are purchased, which are included as assets in “Investment under resale agreements and securities loans”, which are valued according to the interest rate of the agreement through the amortized cost method. In accordance with current regulations, the Bank does not record as its own portfolio those papers purchased under resale agreements.

Repurchase agreement operations are also performed as a form of financing, which are included as liabilities in “Liabilities under repurchase agreements and securities lending”. In this regard, the investments that are sold subject to a repurchase obligation and that are used as collateral for the loan correspond to financial debt securities. The obligation to repurchase the investment is classified in liabilities as “Liabilities under repurchase agreements and securities lending” and is measured according to the interest rate of the agreement.

− Debt financial instruments at amortized cost:

These instruments are recorded at their cost plus accrued interest and UF indexation, less the allowances for impairment made when their recorded amount is higher than the estimated amount of recovery and their interest and UF indexation of debt financial instrument at amortized cost are included in “Interest income” and “UF indexation income”.

− Loans and Advances to Banks:

This item shows the balances of operations with local and foreign banks, including the Central Bank of Chile and foreign Central Banks.

− Loans and accounts receivable from customers:

Loans from customers include generated and acquired relate to non-derivative financial assets with fixed or determinable payments that are not quoted in an active market and which the Bank does not intend to sell immediately or in the short-term.

(i) Valuation<br> method

They are initially measured at cost plus incremental transaction costs and income, and subsequently measured at amortized cost, using the effective interest rate method, less any impairment loss, except when the Bank defines certain loans as hedged items, measured at fair value through profit or loss as described in letter (p) of this note.

(ii) Lease<br> contracts

These are included under the item “Loans and accounts receivable from customers” correspond to regular lease payments for contracts which meet the definition to be classified as financial leases and are presented at their nominal value net of unearned interest as of each year-end.

18
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summaryof Significant Accounting Policies, continued:
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(e) Financial Assets, continued:
(iii) Factoring<br> transactions

They are measured for the amounts disbursed by the Bank in exchange for invoices or other commercial instruments representing credits, with or without responsibility of the grantor, received in discount. Price differences between the amounts disbursed and the nominal value of the credits are recorded in profit or loss as interest income, through the effective interest method, during the financing period. In those cases where the transfer of these instruments was made without responsibility of the grantor, the Bank assumes the insolvency risks of those required to pay.

(f) Allowances for credit losses:

The Bank permanently evaluates the entire portfolio of loans and contingent loans, with the aim of establishing the necessary and sufficient provisions in a timely manner to cover the expected losses associated with the characteristics of the debtors and their credits, based on the payment and subsequent recovery.

Allowances are required to cover the risk of loan losses have been established in accordance with the instructions issued by the CMF. The loans are presented net of those allowances and, in the case of contingent loans are shown in liabilities under the item “Special provisions for credit risk”

In accordance with CMF’s instructions, models or methods are used based on an individual and collective analysis of debtors, to establish the allowance for loan losses. The Bank’s Board of Directors approves such models, as well as the amendments to their design and application.

(i) Allowancefor individual evaluations.

An individual analysis of debtors is applied to companies that are of such significance with respect to size, complexity or level of exposure to the bank, that they must be analyzed in depth.

Likewise, the analysis of borrowers focuses on its creditworthiness related to the capacity and willingness to meet their credit obligations, through sufficient and reliable information, and should also be analyzed with respect to guarantees, terms, interest rates, currency and indexation, etc.

For the purposes of establishing the allowances, banks must assess the creditworthiness and classify debtors and their transactions referred to contingent loans, in the related categories with the prior allocation to one of the following three portfolio categories: Normal, Substandard and Non-performing loans.

19
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant Accounting Policies, continued:
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(f) Allowances for credit losses, continued:
− Normal Loans and Substandard Loans:

Normal performing loans: includes those debtors whose payment capacity allows them to meet their obligations and commitments, and according to the evaluation of their economic and financial position no change in this condition are displayed. Loans classified in categories A1 through A6.

Substandard loans: includes all borrowers with insufficient payment capacity or significant deterioration of payment capacity that may be reasonably expected not to comply with all principal and interest payments obligations set forth in the credit agreement, showing a low flexibility to meet its financial obligations at short-term.

The Substandard Portfolio also includes those debtors who have shown past due amounts over 30 days recently. The classifications assigned to this portfolio are categories B1 to B4 of the rating scale.

As a result of individual analysis of the debtors, the Bank must classify them in the following categories, assigning, subsequently, the percentage of probability of default and loss given default resulting in the following percentage of expected loss:

Type of portfolio **** Category of debtors **** Probability of default (%) PD **** Loss given default (%) LGD **** Expected loss (%) EL
Normal<br> Loans A1 0.04 90.0 0.03600
A2 0.10 82.5 0.08250
A3 0.25 87.5 0.21875
A4 2.00 87.5 1.75000
A5 4.75 90.0 4.27500
A6 10.00 90.0 9.00000
Substandard<br> Loans B1 15.00 92.5 13.87500
B2 22.00 92.5 20.35000
B3 33.00 97.5 32.17500
B4 45.00 97.5 43.87500

Allowances for Normal and Substandard Loans:

To determine the amount of allowances to be made for normal and substandard portfolios, the exposure subject to the allowances should be estimated previously, applying the related loss percentages, which consist of probability of default (PD) and loss given default (LGD) established for the category in which the debtor and/or guarantor belong, as appropriate.

The exposure subject to allowances relates to loans plus contingent loans minus the amounts to be recovered by way of the foreclosure of financial or real guarantees of the operations. Loans mean the carrying amount of loans and accounts receivable of the related debtor, whereas for contingent loans, the value resulting from applying that indicated in No. 3 of Chapter B-3 of the CNCB.

20
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant Accounting Policies, continued:
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(f) Allowances for credit losses, continued:

For real guarantees, the Bank must demonstrate that the value assigned to this deduction reasonably reflects the value that it would obtain from the sale of the assets or equity instruments. Also, in qualifying cases, the direct debtor’s credit risk may be substituted for the creditworthiness of the guarantor. In no event may the guaranteed securities be discounted from the amount of the exposure, as this procedure is only applicable when related to financial or real guarantees.

For calculation purposes, the following must be considered:

Provision debtor = (ESA-GE) x (PDdebtor /100) x (LGDdebtor /100) + GE x (PDguarantor /100) x (LGDguarantor /100)

Where:

ESA = Exposure<br> subject to allowances, (Loans + Contingent Loans) – Financial or real guarantees
GE = Guaranteed<br> exposure
--- --- ---

However, the Bank must maintain a minimum provision level of 0.50% over normal portfolio and contingent loans.

− Non-performing loans:

The non- performing portfolio includes the debtors and their loans whose recovery is considered remote, as they show impaired or no payment capacity. This category comprises all debtors who have stopped paying their creditors or with visible evidence that they will stop doing so, as well as those for which a forced restructuring of their debts is necessary, reducing the obligation or postponing the payment of the principal or interest and, in addition, any debtor that has 90 days overdue or more in the payment of interest or principal of any loan. This portfolio is composed of the debtors belonging to categories C1 to C6 of the rating scale and all loans, including 100% of the amount of contingent loans, held by those same debtors.

For purposes recognizing the allowances on non- performing loans, the Bank has allowance percentages to be applied to the amount of exposure, which relates to the amount of loans and contingent loans kept by the same debtor. To apply that percentage, an expected loss rate must be estimated, deducting from the exposure amount the recoverable amounts through the execution of financial or real guarantees supporting the transaction and, in the event specific background substantiate it, deducting the present value of recoveries that may be obtained performing collection actions, net of expenses associated with them. Such loss percentage must be categorized in one of the six levels defined by the range of expected actual losses by the Bank for all transactions from the same debtor.

21
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant Accounting Policies, continued:
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(f) Allowances for credit losses, continued:

These categories, their loss range as estimated by the Bank and the percentages of allowances that must be applied on the amount of exposures, are listed in the following table:

Type of portfolio **** Risk Scale **** **** Expected Loss Range **** Allowance (%) ****
Non-performing<br> loans C1 Up<br> to 3% 2
C2 More<br> than 3% up to 20% 10
C3 More<br> than 20% up to 30% 25
C4 More<br> than 30 % up to 50% 40
C5 More<br> than 50% up to 80% 65
C6 More<br> than 80% 90

For calculation purposes, the following must be considered:

Expected Loss Rate = (E−R)/E
Allowance = E<br> × (AP/100)

Where:

E = Exposure<br> Amount
R = Recoverable<br> Amount
--- --- ---
AP = Allowance<br> Percentage (according to the category in which the Expected Loss Rate should be assigned).
--- --- ---

All of the loans debtors must remain in the Default Portfolio until there is a normalization of their capacity or payment behavior, without prejudice to punishment of each particular credit that meets the condition indicated in Title II of Chapter B-2 of the Compendium of Accounting Standards for Banks. To remove a debtor from the Default Portfolio, once the circumstances that lead to classification in this portfolio according to these regulations have been overcome, at least the following cumulative conditions must be met:

- No<br> obligation of the debtor with the bank are more than 30 calendar days overdue.
- No<br> new refinances agreements have been granted to pay their obligations.
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- At<br> least one of the payments includes amortization of capital.
--- ---
- If<br> the debtor has any loan with partial payment periods less than six months, they have already<br> made two payments.
--- ---
- If<br> the debtor must pay monthly fees for one or more loans, at least, four consecutive dues have<br> been paid.
--- ---
- The<br> debtor does not have direct debts unpaid in the CMF compiled information, except in the case<br> of insignificant amounts are involved.
--- --- 
22
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant Accounting Policies, continued:
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(f) Allowances for credit losses, continued:
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(ii) Allowances for group assessment.
--- ---

Group assessments are relevant for residential and consumer mortgage loan exposures, in addition to commercial exposures related to student loans and exposures with debtors that simultaneously meet the following conditions:

- The<br> Bank has an aggregate exposure to a single counterparty of less than 20,000 UF. The aggregate<br> exposure should require gross provisions or other mitigations factors. In addition, for its<br> computation, mortgage loans must be excluded. In the case of off-balance sheet items, the<br> gross amount is calculated by applying the credit conversion factors, defined in chapter<br> B-3 of the CNCB. To determine the aggregate exposure, the bank must consider the definition<br> of corporate group established in Title II of Chapter 12-16 of the Actualized Standards Compilation.

Banks must maintain a complete and permanent monitoring of all operations with entities belonging to business groups. Considering the potential costs of forming groups for all debtors, the bank must at least maintain control and forming groups, if applicable, for all debtors who maintain a current exposure greater than a minimum amount established by the banking institution which may not be greater than 1% of its effective equity at the time the definition of the group portfolio is made.

- Each<br> aggregate exposure to a single counterparty does not exceed 0.2% of the total commercial<br> group portfolio. To avoid circular calculations, the criteria will be checked only once.

For the remaining commercial credit exposures, the individual analysis model of the debtors must be applied.

The determination of the type of analysis (group or individual) must be carried out at the global consolidated level, once a year, or after significant adjustments in the Bank’s portfolio, such as mergers, acquisitions, purchases or significant portfolio sales.

To determine allowances, group assessment requires the creation of loan groups with similar characteristics in terms of debtors types and agreed terms, to establish technically based estimates by prudential criteria and following both the payment behavior of the group in question and the recoveries concerned of defaulted loans and consequently provide the necessary provisions to cover the portfolio risk.

To determine its allowances, the Bank segments its debtors into homogeneous groups, according described above, associating to each group with a determined probability of default and a recovery percentage based in a historic analysis. The amount of provisions to register it will be obtained multiplied the total loans of respective group by the percentages of estimated default and of loss given the default, the estimated losses must be related to the type of portfolio and the term of the operations.

The Bank discriminates between provisions on the normal portfolio and on the portfolio in default, and those that protect the risks of contingent credits associated with those portfolios.

23
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant Accounting Policies, continued:
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(f) Allowances for credit losses, continued:
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− Standard method of provisions for group portfolio.
--- ---

The standard methodologies presented below establish the variables and parameters that determine the provision factor for each type of portfolio that the CMF has defined as representative, according to the common characteristics shared by the operations that comprise them.

(a) Residential<br> mortgage portfolio

The provision factor applicable, represented by expected loss over the mortgage loans, will depend to the past due of each credit and the relation, at the end of month, between outstanding capital and the value of the mortgage collateral (PVG), according to the following table:

Allowances factor applicable according to delinquency and CMG
**** **** Days of default at the end of the month **** ****
CMG section **** Concept **** 0 **** 1-29 **** 30-59 **** 60-89 **** Non-performing Portfolio ****
CMG<br> ≤ 40% PD (%) 1.0916 21.3407 46.0536 75.1614 100.0000
LGD<br> (%) 0.0225 0.0441 0.0482 0.0482 0.0537
EAD<br> (%) 0.0002 0.0094 0.0222 0.0362 0.0537
40%<br> < CMG≤ 80% PD (%) 1.9158 27.4332 52.0824 78.9511 100.0000
LGD<br> (%) 2.1955 2.8233 2.9192 2.9192 3.0413
EAD<br> (%) 0.0421 0.7745 1.5204 2.3047 3.0413
80%<br> < CMG≤ 90% PD (%) 2.5150 27.9300 52.5800 79.6952 100.0000
LGD<br> (%) 21.5527 21.6600 21.9200 22.1331 22.2310
EAD<br> (%) 0.5421 6.0496 11.5255 17.6390 22.2310
CMG<br> > 90% PD (%) 2.7400 28.4300 53.0800 80.3677 100.0000
LGD<br> (%) 27.2000 29.0300 29.5900 30.1558 30.2436
EAD<br> (%) 0.7453 8.2532 15.7064 24.2355 30.2436

Where:

PD : Probability<br> of default
LGD : Loss<br> given default
--- --- ---
EAD : Exposure<br> at default
--- --- ---
CMG : Outstanding<br> loan capital /Mortgage Guarantee value
--- --- ---
(b) Commercial<br> portfolio
--- ---

To determine these allowances, the Bank considers the standard methods presented below, as applicable to commercial leasing operations or other types of commercial loans. Then, the applicable provision factor will be assigned considering the parameters defined for each method.

24
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant Accounting Policies, continued:
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(f) Allowances for credit losses, continued:
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● Commercial<br> Leasing Operations
--- ---

The provision factor applies to the current value of commercial leasing operations (including the purchase option) and will depends on the default of each operation, the type of leased asset and the relationship between the current value of each operation and the leased asset value (PVB) at each month-end, as indicated in the following tables:

Probability of default (PD) applicable according to default and type of asset (%)
**** **** Type of asset
Days of default of the operation at the month-end **** Real estate **** Non-real estate
0 0.79 1.61
1-29 7.94 12.02
30-59 28.76 40.88
60-89 58.76 69.38
Portfolio in default 100.00 100.00
Loss given the default (LGD) applicable according to PVB section and type of asset (%)
--- --- --- --- ---
PVB = Current value of the operation / Value of the leased asset
PVB section **** Real estate **** Non-real estate
PVB<br> ≤ 40% 0.05 18.20
40%<br> < PVB ≤ 50% 0.05 57.00
50%<br> < PVB ≤ 80% 5.10 68.40
80%<br> < PVB ≤ 90% 23.20 75.10
PVB<br> > 90% 36.20 78.90

The determination of the PVB relationship is made considering the appraisal value expressed in UF for real estate and in Chilean pesos for non-real estate, recorded at the time of the respective loan granting, taking into account possible situations that may be causing temporary increases in the assets prices at that time.

● Generic<br> commercial loans and factoring

For the factoring operations and other commercial loans, other than those indicated above, the provision factor, applicable to the amount of the placement and the exposure of the contingent loan risk, will depends on the default of each operation and the relationship that exists at the end of each month, between the obligations that the debtor has with the bank and the value of the collateral that protect them (PTVG), as indicated in the following tables:

Probability of default (PD) applicable according to default and PTVG section (%)
**** With collateral **** **** ****
Days of default at the month-end **** PTVG≤100% **** **** PTVG>100% **** **** Without collateral ****
0 1.86 2.68 4.91
1-29 11.60 13.45 22.93
30-59 25.33 26.92 45.30
60-89 41.31 41.31 61.63
Portfolio<br> in default 100.00 100.00 100.00 
25
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant Accounting Policies, continued:
--- ---
(f) Allowances for credit losses, continued:
--- ---
Loss given the default (LGD) applicable according to PTVG section (%)
--- --- --- --- --- --- --- --- ---
Collateral (with / without) **** PTVG section **** Generic commercial operations or factoring without the responsibility of the transferor **** **** Factoring with the responsibility of the transferor ****
With<br> collateral PTVG<br> ≤ 60% 5.00 3.20
60%<br> < PTVG≤ 75% 20.30 12.80
75%<br> < PTVG ≤ 90% 32.20 20.30
90%<br> < PTVG 43.00 27.10
Without<br> collateral 56.90 35.90

The collaterals used for the purposes of calculating the PTVG relationship of this method may be specific or general, including those that are simultaneously specific and general. Collateral can only be considered if, according to the respective coverage clauses, it was constituted in the first degree of preference in favor of the Bank and only guarantees the debtor’s credits with respect to which it is imputed (not shared with other debtors).

The invoices assigned in the factoring operations will not be considered for purposes of calculating the PTVG. The excess of collateral associated with mortgage loans referred to in numeral 3.1.1 Residential mortgage portfolio in Chapter B-1 of CNCB may be considered, computed as the difference between 80% of the property commercial value, according to with the conditions set out in that framework, and the mortgage loan that guarantees.

For the calculation of the PTVG ratio, the following considerations must be taken into account:

i. Transactions<br> with specific collaterals: when the debtor granted specific collateral for generic commercial<br> loans and factoring, the PTVG ratio is calculated independently for each covered transaction,<br> such as the division between the amount of the loans and the contingent loans exposure and<br> the collateral’s value of the covered product.
ii. Transactions<br> with general collaterals: when the debtor granted general or general and specific collaterals,<br> the Bank calculates the respective PTVG, jointly for all generic commercial loans and factoring<br> and not contemplated in the preceding paragraph i), as the quotient between the sum of the<br> amounts of the loans and exposures of contingent loans and the general, or general and specific<br> collateral that, according to the scope of the remaining coverage clauses, safeguard the<br> loans considered in the numerator aforementioned coverage ratio.
--- --- 
26
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant Accounting Policies, continued:
--- ---
(f) Allowances for credit losses, continued:
--- ---

The amounts of the guarantees used in the PTVG ratio of numerals i) and ii), different from those associated with excess guarantees from mortgage loans to which the residential mortgage portfolio refers, must be determined according to:

- The<br> last valuation of the collateral, be it appraisal or fair value, according to the type of<br> real guarantee in question. For the determination of fair value, the criteria indicated in<br> Chapter 7-12 (Fair Value of Financial Instruments) of the RAN should be considered.
- Possible<br> situations that could be causing temporary increases in the values of the collaterals.
--- ---
- Limitations<br> on the amount of coverage established in their respective clauses.
--- ---
(c) Consumer<br> Portfolio
--- ---

The allowance factor, represented by the expected loss (EL), corresponds to the probability of default (PD) together with the loss given the default occurred (LGD). This factor is applied uniformly to all contingent consumer loans and consumer credits held by the debtor with the bank and its subsidiaries established in Chile, including consumer leasing transactions. In the case of contingent transactions, the exposure measure is calculated according to the provisions established in Chapter B-3 of the CNC will be considered.

To define the value of the PD, the following factors are calculated for each debtor:

● Bank<br> default rate: This corresponds to the maximum default rate (in days) for the consumer portfolio,<br> including consumer leasing transactions, that the debtor has with the bank at the end of<br> the month for which provisions are being determined. For clients with more than one transaction,<br> the maximum value obtained from all of them is used. This variable is measured by considering<br> all entities that comprise the institution’s overall consolidated level.
● 30<br> days in default in the financial system: This variable applies to whether the debtor has<br> at least one direct debt in default for 30 days or more in any of the three months prior<br> to the date on which the provisions are calculated. This variable is calculated based on<br> the debtor’s defaults with all credit providers for which information is available. This<br> variable includes the list of debtors reported by the CMF, as well as the bank itself at<br> a global consolidated level, and the various financial products. It excludes only loans subject<br> to a communication ban under Law No. 19,628 on the Protection of Privacy.
--- ---
● Having<br> a mortgage Loan: This variable determines whether the borrower has a current mortgage loan<br> in the financial system. In this case, the bank uses the most recent information available<br> at the date the provisions are being calculated, considering the list of borrowers reported<br> by the CMF, in addition to the bank’s own consolidated data.
--- --- 
27
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant Accounting Policies, continued:
--- ---
(f) Allowances for credit losses, continued:
--- ---

The table of factors considered to define the PD is as follows:

**** **** With a mortgage loan for housing in the system **** **** No mortgage loan for housing in the system ****
Maximum default level in the month and bank (range in days that includes extremes **** No default greater than 30 days in the system **** **** With a default greater than 30 days in the system **** **** No default greater than 30 days in the system **** **** With a default greater than 30 days in the system ****
0 and 7 3.3% 14.6% 6.6% 19.8%
8 and 30 20.4% 41.6% 30.6% 48.5%
31 and 60 50.2% 63.0% 65.1% 66.3%
61 and 89 62.6% 81.7% 72.3% 86.9%

In the event that the debtor is in default, the assigned LGD will be 100%.

To determine the value of the LGD, it is determined whether the debtor has a mortgage loan for the home in the system as defined for the value of the PD, and the type of loan involved

The LGD to be used is defined according to the following table:

**** **** Automotive leasing and credit operations **** **** Credits in installments **** **** Credit cards and lines, and other consumer products ****
With a mortgage loan for housing in the system 33.2 % 47.7 % 49.5 %
No mortgage loan for housing in the system 33.2 % 56.6 % 60.3 %

The allocation of the LGD value is carried out according to the following guidelines:

● “Automotive<br> leasing and credit operations” will be considered those loans where the transaction<br> is intended to finance the acquisition of private vehicles, which remain as collateral (pledge)<br> in favor of the institution. Consumer financial leasing operations are also considered in<br> this category.
● “Installment<br> Credits” will correspond to those registered in the item Consumer Credits in Installments<br> of Chapter C-3 of the CNC, to the extent that these have been granted upon signing of a promissory<br> note that clearly establishes the amount of capital, term, rate and number of installments,<br> without a predefined use of the funds (free disposal) and does not correspond to the previous<br> category.
--- ---
● If<br> a loan does not fall under either of the two previous definitions, but is classified as consumer<br> loans, the LGD value assigned to the “Credit cards and lines, and other consumer loans”<br> category must be applied.
--- --- 
28
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant Accounting Policies, continued:
--- ---
(f) Allowances for credit losses, continued:
--- ---
− Portfolio in default.
--- ---

Includes all placements and 100% of the amount of the contingent loans, of the debtors that the closing of a month presents a delay equal to or greater than 90 days in the payment of the interest of the capital of any credit. It will also include debtors who are granted a credit to leave an operation that has more than 60 days of delay in their payment, as well as those debtors who were subject to forced restructuring or partial forgiveness of a debt.

They may exclude from the portfolio in default: a) mortgage loans for housing, which delinquent less than 90 days, unless the debtor has another loan of the same type with greater delinquency; and, b) credits for financing higher studies of Law No. 20,027, which do not yet present the non-compliance conditions indicated in Circular No. 3,454 of December 10, 2008.

All credits of the debtor must be kept in the Default Portfolio until there is a normalization of their ability or payment behavior, without prejudice to punishment of each particular credit that meets the condition indicated in Title II of Chapter B-2 of the CNCB. To remove a debtor from the Default Portfolio, once the circumstances that lead to classification in this portfolio according to the present rules have been overcome, at least the following copulative conditions must be met:

- No<br> obligation of the debtor with the bank with more than 30 calendar days overdue.
- No<br> new refinances granted to pay its obligations.
--- ---
- At<br> least one of the payments includes amortization of capital.
--- ---
- If<br> the debtor has a credit with partial payment periods less than six months, has already made<br> two payments.
--- ---
- If<br> the debtor must pay monthly fees for one or more credits, has paid four consecutive dues.
--- ---
- The<br> debtor does not appear with unpaid debts direct according to the information recast by CMF,<br> except for insignificant amounts.
--- ---
(iii) Provisionsrelated to financing with FOGAPE COVID-19 guarantee.
--- ---

On July 17, 2020, the CMF requested to determine specific provisions of the credits guaranteed by the FOGAPE COVID-19 guarantee, for which the expected losses were determined estimating the risk of each operation, without considering the substitution of credit quality of the guarantee, according to the corresponding individual or group analysis method, in accordance with the provisions of Chapter B-1 of the CNCB. This procedure must be carried out in an aggregate manner, grouping all those operations to which the same deductible percentage is applicable.

The deductible is applied by the Fund Administrator, which must be borne by each financial institution and does not depend on each particular operation but is determined based on the total of the balances guaranteed by the Fund, for each group of companies that have the same coverage, according to their net sales size.

29
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant Accounting Policies, continued:
--- ---
(f) Allowances for credit losses, continued:
--- ---
(iv) Provisionsrelated to financing with FOGAPE Reactivation guarantee.
--- ---

To determine the provisions of the amounts guaranteed by the FOGAPE Reactivation, the Bank considers the substitution of the credit quality of the debtors for that of the FOGAPE, for all the types of financing indicated, up to the amount covered by the aforementioned guarantee. Naturally, the option to consider the risk attributable to FOGAPE may be made while said guarantee remains in force, without considering the capitalized interest, in accordance with the provisions of article 17 of the Fund Regulations.

Likewise, for the computation of the provisions of the amount not covered by the guarantee, corresponding to the debtors, the treatment must be differentiated according to the level of default of the refinanced credit and the grace period, which must consider the cumulative consecutive months grace period between the refinanced loan and other prior measures.

For this purpose, the following situations should be considered:

● Refinancing<br> with less than 60 days past due and less than 180 days of grace.

When the Bank grants the refinancing and is the current creditor, depending on the methodology used in accounting for provisions (standard or internal method) for the group portfolio, the computation of default and the expected loss parameters remain constant at the time to carry out the refinancing, as long as no payment is due.

In the case of debtors evaluated on an individual basis, their risk category is maintained at the time of rescheduling, which does not prevent them from being reclassified to the category that corresponds to them, in the event of a worsening of their payment capacity.

● Refinancing<br> with past due between 60 and 89 days or grace periods greater than 180 days and less than<br> 360 days.

The provisions established in the previous point apply, and at least one of the following conditions must also be met:

i. In<br> its credit granting policies, the Bank considers at least the following aspects:
- A<br> robust procedure for the categorization of viable debtors, which considers at least the sector<br> and its solvency and liquidity situation.
--- ---
- Efficient<br> mechanisms for monitoring the debtor’s situation, with formally defined internal governance.
--- ---
ii. Interest<br> is charged in the months of grace, in accordance with the guidelines established in article<br> 15 letter a) of the Regulation, or there is a demand for payment in another credit with the<br> bank. In the latter case, if noncompliance is observed, the carry forward rules contained<br> in numerals 2.2 and 3.2 of Chapter B-1 of the CNCB must be considered, depending on whether<br> it is a credit subject to individual or group evaluation, respectively.
--- --- 
30
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant Accounting Policies, continued:
--- ---
(f) Allowances for credit losses, continued:
--- ---
● Refinancing<br> with grace periods higher than 360 days.
--- ---

The Bank must apply the provisions established in Chapter B-1 of the CNCB, considering the operation as a forced renegotiation and, therefore, apply the provisions that correspond to the default portfolio.

(v) Impairedportfolio.

The impaired portfolio includes the following assets, according to Chapter B-1 of the CNCB of the CMF:

- In<br> case of individually assessed debtors, includes credits from “Non-performing loans”<br> and those classified in categories B3 and B4 of “Substandard Portfolio”.
- These<br> debtors subject to collective assessment includes all credits of the “Non- performing<br> loans”.
--- ---
(vi) Charge-offs.
--- ---

Generally, the charge-offs are produced when the contractual rights on cash flows end. In case of loans, even if the above does not happen, it will proceed to charge-offs the respective asset balances.

The charge-off refers to derecognition of the assets in the Consolidated Statement of Financial Position, related to the respective transaction and, therefore, the part that could not be past-due if a loan is payable in installments, or a lease.

− Charge-offs of loans to customers

The charge-off must be made using the credit risk provisions constituted, regardless of the reason for which the charge-off occurred.

Write-offs for loans to customers and accounts receivable, other than from leasing operations, should be made in the following circumstances, whichever occurs first:

- The<br> Bank, based on all available information, concludes that will not obtain any cash flow of<br> the credit recorded as an asset.
- When<br> the debt without executive title expires 90 days after it was recorded in asset.
--- ---
- At<br> the expiration of the statute of limitations for actions to demand payment through an executive<br> trial, or at the time of rejection or abandonment of the execution of the judgment by final<br> court resolution.
--- ---
- When<br> past-due term of a transaction reaches the charge-off term disposed below:
--- ---
Type of Loan Term
--- ---
Consumer loans - secured and unsecured 6 months
Other transactions - unsecured 24 months
Commercial loans - secured 36 months
Residential mortgage loans 48 months

The term corresponds to the time elapsed from the date on which the payment of all or part of the obligation that is in default became enforceable.

31
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant Accounting Policies, continued:
--- ---
(f) Allowances for credit losses, continued:
--- ---
− Charge-offs of lease operations
--- ---

These assets must be charge-offs against the following circumstances, whichever occurs first:

- The<br> Bank concludes that there is no possibility of the rent recoveries and the value of the property<br> cannot be considered for purposes of recovery of the contract, either because the lessee<br> has not the asset, for the property’s conditions, for expenses that involve its recovery,<br> transfer and maintenance, due to technological obsolescence or absence of a history of your<br> location and current situation.
- When<br> it complies the prescription term of actions to demand the payment through executory or upon<br> rejection or abandonment of executory by court.
--- ---
- When<br> a contract has been in default reach the period of time indicated below:
--- ---
Type of Loan Term
--- ---
Consumer leases 6 months
Other non-real estate lease transactions 12 months
Real estate leases (commercial or residential) 36 months

The term corresponds to the time elapsed from the date on which the payment of all or part of the obligation that is in default became enforceable.

(vii) Recoveryof written-off loans

Subsequent payments obtained for transactions written-off are recognized directly as profit or loss in the Consolidated Statement of Income under the item “Recovery of written-off loans”.

In the event that there are recoveries in assets, revenue will be recognized in profit or loss for the amount by which they are incorporated into the asset. The same criterion will be followed if the leased assets are recovered after the write-off of a leasing transaction, when such assets are incorporated into the assets.

Any renegotiation of a loan written-off does not give rise to revenue, as long as the transaction continues to be impaired, and the actual payments received will be treated as recoveries of loans written-off.

Consequently, the renegotiated loan will be re-entered as an asset if it ceases to be impaired, also recognizing the income from the activation as recovery of loans written-off.

The same criterion should apply in the event that a loan is granted to repay a loan written-off.

32
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant Accounting Policies, continued:
--- ---
(g) Impairment for credit risk on financial assets at amortized cost and financial assets at fair value through other comprehensive income (FVTOCI):
--- ---

In accordance with Chapter A-2 of the CNCB of the CMF, the impairment model of IFRS 9 will not be applied to loans in the category “Financial assets at amortized cost” (“Due from banks” and “Loans and accounts receivable from customers”), nor on “Contingent loans”, since the criteria for these instruments are defined in Chapter B-1 to B-3 of the CNCB.

For the rest of the financial assets measured at Amortized Cost or FVTOCI, the model on which impairment losses must be calculated corresponds to one of Expected Credit Loss (ECL) as established in IFRS 9.

Debt financial instruments whose subsequent valuation measurement is at amortized cost or at FVTOCI will be subject to impairment due to credit risk. On the contrary, those instruments at fair value through profit or loss do not require this measurement.

The measurement of impairment is performed in accordance with a general impairment model that is based on the existence of 3 possible stages of the financial asset, the existence or not of a significant increase in credit risk and the condition of impairment. The 3 stages determine the amount of impairment that will be recognized as an expected credit loss, as well as the interest income that will be recorded at each reporting date. Below, each stage is listed:

Stage1: Incorporates financial assets whose credit risk has not increased significantly since initial recognition. Expected credit losses are recognized to 12-month. Interest is recognized based on the gross amount in the balance sheet.

Stage2: Incorporates financial assets whose credit risk has increased significantly since initial recognition. Expected credit losses are recognized throughout the life of the financial asset. Interest is recognized based on the gross amount in the balance sheet.

Stage3: Incorporates impaired financial assets. Expected credit losses are recognized throughout the life of the financial asset. Interest is recognized based on the net amount (gross amount on the balance sheet less allowance for credit risk).

− Impairment of debt financial instruments measured at fair value through other comprehensive income.

The Bank applies the value impairment requirements for the recognition and measurement of an impairment loss allowance account to financial assets that are measured at fair value through other comprehensive income in accordance with IFRS 9. This impairment loss allowance account is recognized in Other Comprehensive Income (OCI) and does not reduce the carrying amount of the financial asset in the Consolidated Statement of Financial Position. The cumulative loss recognized in OCI is recycled in profit or loss when derecognizing the financial assets.

33
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant Accounting Policies, continued:
--- ---
(h) Financial liabilities:

Classificationof financial liabilities:

Financial liabilities are classified in the following categories:

- Financial<br> liabilities at amortized cost.
- Financial<br> liabilities held for trading at fair value through profit or loss: Financial instruments<br> are recorded in this item when the Bank’s objective is to generate profits through purchases<br> and sales with these instruments. This item includes financial derivative instruments held<br> for trading that are liabilities, which will be measured subsequently at fair value.
--- ---
- Financial<br> liabilities designated at fair value through profit or loss: The Bank has the option to irrevocably<br> designate, at the time of initial recognition, a financial liability as measured at fair<br> value through profit or loss if the application of this criterion eliminates or significantly<br> reduces inconsistencies in the measurement or recognition, or if it is a group of financial<br> liabilities, or a group of financial assets and liabilities, that is managed, and its performance<br> evaluated, based on fair value in line with a risk management or investment strategy.
--- ---

Measurementof financial liabilities:

Initialmeasurement:

They are initially recorded at fair value, less transaction costs that are directly attributable to their issuance. Variations in the value of financial liabilities due to the accrual of interest, UF indexation and similar concepts are recorded under the items “Interest expenses” and “UF indexation expense” of the Consolidated Statement of Income for the period in which the accrual occurred (see Note 30 and 31).

Subsequentmeasurement:

The changes in the measurements that will occur after the initial registration due to reasons other than those mentioned in the previous paragraph, are treated as described below, based on the categories in which the financial liabilities are classified.

Financialliabilities at amortized cost:

The liabilities recorded in this item are measured after their acquisition at their amortized cost, which is determined in accordance with the effective interest rate method (EIR).

34
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant Accounting Policies, continued:
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(i) Derecognition of financial assets and liabilities:
--- ---

The Bank and its subsidiaries derecognize a financial asset in its Statement of Financial Position, when the contractual rights to the cash flows from the financial asset expire or when it transfers the rights to receive contractual cash flows for the financial asset during the transactions in which all ownership risks and rewards of the financial asset are transferred. Any interest in transferred financial assets that is created or retained by the Bank is recognized as a separate asset or liability.

When the Bank transfers a financial asset, it assesses to what extent it has retained the risks and rewards of the ownership. In this case:

− If<br> substantially all risks and rewards of the ownership of the financial asset have been transferred,<br> it is derecognized, and any rights or obligations created or retained upon transfer are recognized<br> separately as assets or liabilities.
− If<br> substantially all risks and rewards of the ownership of the financial asset have been retained,<br> the Bank continues to recognize it.
--- ---
− If<br> substantially all risks and rewards of the ownership of the financial asset are neither transferred<br> nor retained, the Bank will determine if it has retained control of the financial asset.<br> In this case:
--- ---
- If<br> the Bank has not retained control, the financial asset will be derecognized, and any rights<br> or obligations created or retained upon transfer will be recognized separately as assets<br> or liabilities.
--- ---
- If<br> the Bank has retained control, it will continue to recognize the financial asset in the Consolidated<br> Statement of Financial Position for an amount equal to its exposure to changes in value that<br> can experience and recognize a financial liability associated to the transferred financial<br> asset.
--- ---

The Bank derecognizes a financial liability (or a portion thereof) from its Consolidated Statement of Financial Position if, and only if, it has extinguished or, in other words, when the obligation specified in the corresponding contract has been paid or settled or has expired.

35
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant Accounting Policies, continued:
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(j) Offset of financial assets and liabilities:
--- ---

Financial assets and liabilities are offset, so that their net amount is presented in the Consolidated Statement of Financial Position, and only when the Bank has a legally enforceable right to set off the recognized amounts and intends to settle on a net basis, or to realize the asset and settle the liability simultaneously.

Income and expenses are presented on a net basis only when is permitted by the accounting standards, or in the case of gains and losses arising from a group of similar transactions such as the Bank’s trading and foreign exchange activity.

(k) Functional currency:

The items included in the Interim Consolidated Financial Statements of Banco de Chile and its subsidiaries are valued using the currency of the primary economic environment in which it operates (functional currency). The functional and presentation currency of the Interim Consolidated Financial Statements of Banco de Chile is Chilean peso, which is the currency of the primary economic environment in which the Bank operates, and also is the currency that has an influence on the structure of costs and revenue.

(l) Foreign currency transactions:

Transactions in currencies other than the functional currency are considered in foreign currencies and are initially translated into the respective functional at the spot exchange rate at the date of transaction. Monetary assets and liabilities denominated in foreign currencies at the reporting date are translated into the functional currency at the spot exchange rate as of the date of the Consolidated Statement of Financial Position. All currency translation differences are recognized with a debit or credit to income.

As of September 30, 2025 and 2024, the Bank and its subsidiaries applied the exchange rate of accounting representation according to the standards issued by the Chilean CMF, for which the assets in dollars are shown at their equivalent value in Chilean pesos calculated using the following market exchange rate Ch$962.27 per US$1 (Ch$897.92 per US$1 as of September 30, 2024).

As of September 30, 2025, the amount of Ch$70,692 million corresponding to a net financial profit from foreign currency exchange, indexation and accounting hedges (net gain of Ch$77,440 million as of September 30, 2024) shown in the Consolidated Statements of Income, includes the result from foreign currency exchange operations, indexation and accounting hedges, including the translation of assets and liabilities in foreign currency or inflation-adjusted units.

36
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant Accounting Policies, continued:
--- ---
(m) Operating Segments:

The Bank discloses information by segment in accordance with IFRS 8 (Note 6). The Bank’s operating segments are determined based on its different business units, considering the following:

- That<br> it conducts business activities from which income is obtained and expenses are incurred (including<br> income and expense from transactions with other components of the same entity).
- That<br> its operating results are regularly reviewed by the entity’s highest decision-making<br> authority for operating decisions, to decide on the resources to be allocated to the segment<br> and assess its performance; and
--- ---
- For<br> which financial information is available about the segment which is differentiated.
--- ---
(n) Statement of cash flows:
--- ---

The Consolidated Statement of Cash Flows shows the changes in cash and cash equivalents derived from operating, investing and financing activities, during the year. The Bank uses the indirect method for the preparation of the statement of cash flows.

For the preparation of Consolidated Financial Statements of Cash Flow, the following concepts are considered:

- Cash<br> and cash equivalents: corresponds to the item “Cash and due from banks”, plus<br> (minus) the net balance corresponding to transactions pending settlement that are shown in<br> the Consolidated Statement of Financial Position, plus other cash equivalents such as investments<br> in short-term debt financial instruments that meet the criteria to be considered “cash<br> equivalents”, for which they must have an original maturity of 90 days or less from<br> the date of acquisition, be highly liquid, readily convertible into known amounts of cash<br> from the date of the initial investment, and that the financial instruments are exposed to<br> an insignificant risk of changes in value.
- Operating<br> activities: corresponds the principal revenue-producing activities of the Bank and other<br> activities that are not investing or financing activities.
--- ---
- Investing<br> activities: correspond to the acquisition and disposal of long-term assets and other investments<br> not included in cash and cash equivalents.
--- ---
- Financing<br> activities: corresponds to the activities that result in changes in the size and composition<br> of the contributed equity and of liabilities that are not part of operating and investing<br> activities.
--- --- 
37
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant Accounting Policies, continued:
--- ---
(o) Financial derivative instruments:
--- ---

A “Financial Derivative” is a financial instrument whose value changes in response to changes in an observable market variable (such as an interest rate, exchange rate, the price of a financial instrument or a market index, including credit ratings), whose initial investment is very small in relation to other financial instruments with a similar response to changes in market conditions and which is generally settled at a future date.

The Bank maintains contracts of derivative financial instruments, to hedge the foreign currency and interest rate risk exposures. These contracts are initially recognized in the Consolidated Statement of Financial Position at their cost (including the transactions costs) and subsequently measured at fair value. Derivative contracts are stated as an asset when their fair value is positive and as a liability when it is negative under the item “Financial derivative instruments”.

Changes in fair value of derivative contracts held for trading are included under the caption “Financial Assets and Liabilities held for Trading”, on the Consolidated Statement of Income.

Additionally, the Bank includes in the measurement of the derivatives “Counterparty Credit Risk Adjustments, including: “CVA” or Credit Valuation Adjustment to reflect the counterparty credit risk in determining the fair value, as well as the “DVA” o Debit Valuation Adjustment to reflect the Bank’s own credit risk. Likewise, the Bank incorporates “Financing Adjustment”, also called “FVA” or Funding Valuation Adjustment, which captures the expected cost (or benefit) of financing (reinvesting) the cash flows of the derivative, with respect to a reference discount rate, when there are no collaterals (or they are imperfect).

Certain embedded derivatives in other financial instruments are treated as separate derivatives when their risk and characteristics are not closely related to those of the host contract and it is not measured at fair value with the related unrealized gains and losses included in profit or loss.

(p) Derivative instruments for accounting hedges:

The Bank has opted to continue applying the hedge accounting requirements included in IAS 39 when adopting IFRS 9.

At the date of entering into a derivative contract, it must be designated by the Bank as a derivative instrument for trading or for hedge accounting purposes.

If the derivative instrument is classified for hedging purposes, it may be:

- A<br> fair value hedge of existing assets or liabilities or firm commitments.
- A<br> cash flow hedge related to existing assets or liabilities or expected transactions.
--- ---

A hedge relationship for hedge accounting must meet all the following conditions:

- At<br> the inception of the hedge, the hedging relationship has been formally documented.
- the<br> hedge is expected to be highly effective.
--- ---
- the<br> effectiveness of the hedge can be measured reliably.
--- ---
- the<br> hedge is highly effective in relation to the hedged risk, on a continuous basis throughout<br> the entire hedging relationship.
--- --- 
38
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant Accounting Policies, continued:
--- ---
(p) Derivative instruments for accounting hedges, continued
--- ---

The Bank presents and measures individual hedges (where there is a specific identification of hedged item and hedged instruments) by classification, according to the following criteria:

Fair value hedges: Changes in the fair value of a derivative hedging instrument, designated as a fair value hedge, are recognized in income under the lines “Net interest income” and “Net indexation income” and/or “Foreign currency changes, UF indexation and accounting hedge”, depending on the type of risk covered. The hedged item is also presented at fair value in relation to the risk being hedged; gains or losses attributable to the hedged risk are recognized in income under the lines “Net interest income” and “Net income from UF indexation” and adjust the book value of the item subject to the hedge.

Cash flow hedge: Changes in the fair value of financial instruments derivative designated like “cash flow hedge” are recognized in “Cash flow accounting hedge” included in the Consolidated Other Comprehensive Income, to the extent that hedge is effective and hedge is reclassified to income in the item “Net interest income” and “Net income from UF indexation” and/or “Foreign currency changes, UF indexation and accounting hedge”, when hedged item affects the income of the Bank produced for the “interest rate risk” or “foreign exchange risk”, respectively. If the hedge is not effective, the changes in the fair value are recognized directly in the results of the year under the caption “Other financial result”.

If the hedging instrument no longer meets the criteria for cash flow hedge accounting, it expires or is sold, it is suspended or exercised, this hedge is discontinued prospectively. Accumulated gains or losses recognized previously in the equity are maintained there until forecasted transactions occur, in that moment will be recognized in Consolidated Statement of Income (in the item “Net interest income” and “Net income from UF indexation” and/or “Foreign currency changes, UF indexation and accounting hedge”, depend of the hedge), lesser than it foresees that the transaction will not execute, in this case it will be recognized immediately in Consolidated Statement of Income (in the item “Net interest income” and “Net income from UF indexation” and/or “Foreign currency changes, UF indexation and accounting hedge”, depending on the hedge).

(q) Intangible Assets:

Intangible assets (Note 15) are initially recognized at their acquisition cost and are subsequently measured at their cost less any accumulated amortization or less any accumulated impairment loss.

Software or computer programs purchased by the Bank and its subsidiaries are accounted for at cost less accumulated amortization and impairment losses.

The subsequent expense in software assets is capitalized only when it increases the future economic benefit for the specific asset. All other expenses are recorded as an expense as incurred.

Amortization is recognized in profit or loss on the straight-line amortization method based considering the estimated useful lives of the software, from the date on which they are available for use. The estimated useful life of software is a maximum of 6 years.

39
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant Accounting Policies, continued:
--- ---
(r) Property and equipment:
--- ---

Property and equipment (Note 16) includes the amount of land, real estate, furniture, IT hardware and equipment and other installations owned by the consolidated entities and which are for own use. These assets are stated at historical cost less depreciation and accumulated impairment. This cost includes expenditures that are directly attributed to the acquisition of the asset.

Depreciation is recognized in the Consolidated Statements of Income on a straight-line basis over the estimated useful lives of each part of the item of property and equipment.

The estimated average useful lives for the periods 2025 and 2024 are as follows:

-     Buildings 50 years
-     Facilities 10 years
-     Equipment 5 years
-     Furniture 5 years

Maintenance expenses related to those assets held for own uses are recognized as expenses in the year in which they are incurred.

(s) Current taxes and deferred taxes:

The income tax provision of the Bank and its subsidiaries has been determined in conformity with current tax regulations.

The Bank and its subsidiaries recognize, when appropriate, deferred tax assets and liabilities for future estimates of tax effects from temporary differences between the carrying value and tax basis of assets and liabilities. Deferred tax assets and liabilities are measured in accordance with current Chilean tax legislation, at the tax rates that are expected to be applied in the year in which the deferred tax assets and liabilities are to be realized or settled. Future effects from changes in tax legislation or income tax rate are recognized in deferred taxes starting from the date in which the law approving such changes is enacted or substantially enacted (Note 18).

Deferred tax assets are recognized only to the extent that is probable that future taxable profits will be available against which the temporary difference can be utilized to recover temporary difference deductions. According to instructions from the Chilean CMF, deferred taxes are presented in the Consolidated Statement of Financial Position according with IAS 12 “Income Taxes”.

40
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant Accounting Policies, continued:
--- ---
(t) Provisions, contingent assets and liabilities:
--- ---

Provisions are liabilities involving uncertainty about their amount or maturity. They are recorded in the Consolidated Statement of Financial Position when the following requirements are jointly met:

- as a result of a past event, the Bank has a present or constructive obligation;
- it is probable that at the reporting date an outflow of economic benefits will be required from the Bank<br>or its subsidiaries to settle the obligation; and
--- ---
- the amount of such resources can be estimated reliably.
--- ---

A contingent asset or liability is any right or obligation arising from past events whose existence will be confirmed by one or more uncertain future events which are not within the control of the Bank.

Contingent loans are understood as operations or commitments in which the Bank assumes a credit risk by committing itself to third parties, in the event of a future event, to make a payment or disbursement that must be recovered from its customers.

The following are classified as contingent loans in off-balance sheet information:

- Undrawn credit lines: Considers the unused amounts of lines of credit that allow customers to use credit<br>without previous decisions by the Bank.
- Undrawn credit lines with immediate termination: Considers those undrawn credit lines, defined in the<br>preceding paragraph, that the Bank can unconditionally cancel at any time and without prior notice, or whose automatic cancellation is<br>considered in the event of impairment of the debtor’s creditworthiness, as permitted by the current legal framework and the contractual<br>conditions established between the parties.
--- ---
- Contingent loans linked to CAE: Correspond to loan commitments granted in accordance with Law No. 20,027<br>(“CAE”).
--- ---
- Letters of credit for goods circulation operations: Considers the commitments that arise, both to the<br>issuing bank and to the confirming bank, from self-settled commercial letters of credit with a maturity period of less than 1 year, arising<br>from goods circulation operations (e.g., confirmed foreign or documentary letters of credit). Includes documentary letters of credit issued<br>by the Bank, which have not yet been negotiated.
--- ---
- Debt purchase commitments in local currency abroad: Note issuance facility (NIF) and revolving underwriting<br>facility (RUF) are considered.
--- --- 
41
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant AccountingPolicies, continued**:**
--- ---
(t) Provisions, contingent assetsand liabilities, continued:
--- ---
- Transactions related to contingent events: Guarantee bonds with promissory notes referred to in Chapter<br>8-11 of the Updated Standards Compilation are considered.
--- ---
- Guarantees and sureties: Includes guarantees, sureties and standby letters of credit referred to in Chapter<br>8-10 of the Updated Standards Compilation. In addition, it includes the payment guarantees of buyers in factoring operations, as indicated<br>in Chapter 8-38 of such Compilation.
--- ---
- Other loan commitments: It includes the unplaced amounts of committed loans that are to be disbursed on<br>an agreed future date or triggered by events contractually defined with the customer, as is the case with irrevocable credit lines tied<br>to the progress of projects (for provisions purposes, both the gross exposure referred to in No. 3 and future increases in the amount<br>of guarantees associated with committed disbursements must be considered).
--- ---

Exposure to credit risk on contingent loans:

To calculate allowances for contingent loans, the amount of exposure to be considered will be equivalent to the percentage of the amounts of the contingent loans indicated below:

Type of contingent loan Credit Conversion Factor
Undrawn credit lines with immediate termination 10 %
Contingent loans linked to CAE 15 %
Letters of credit for goods circulation operations 20 %
Other undrawn credit lines 40 %
Debt purchase commitments in local currency abroad 50 %
Transactions related to contingent events 50 %
Guarantees and sureties 100 %
Other credit commitments 100 %
Other contingent loans 100 %

When dealing with transactions performed with customers with overdue loans, that exposure shall be equivalent to 100% of their contingent loans.

(u) Provisions for minimum dividends:

In accordance with the CNCB issued by the CMF, the Bank records within liabilities the portion of net income for the year that should be distributed to comply with the Shareholders’ Corporations Law or its dividend policy. For such purposes, the Bank establishes a provision in a complementary equity account within retained earnings (Note 25).

For the purposes of calculating the provision for minimum dividends, the distributable net income is considered, which is defined as the amount resulting from reducing or adding to the net income for the year, the adjustment of the value of the paid-in capital and reserves, for the effects of the variation in the Consumer Price Index.

42
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant AccountingPolicies, continued**:**
--- ---
(v) Employee benefits:
--- ---

Employee benefits are all forms of consideration granted by an entity in exchange for services provided by employees or severance pay.

Short-term employee benefits are employee benefits (other than termination benefits) that are expected to be settled in full before twelve months after the end of the annual reporting period in which the employees have rendered the related services (Note 24 letter (c)).

- Accrued vacations

The annual costs of vacations and staff benefits are recognized on an accrual basis.

- Other short-term benefits

The entity considers for its employees an annual incentive plan for meeting objectives and individual contribution to the entity’s results, which are eventually delivered, consisting of a certain number or portion of monthly salaries and are accrued for based on the estimated amount to be distributed.

Other long-term employee benefits are all employee benefits other than short-term employee benefits, post-employment benefits, and termination benefits.

- Employee benefits for termination of employment contract

The Bank has agreed with part of the staff the payment of compensation to those who have completed 30 or 35 years of service, in the event that they retired from the Bank. The proportional part accrued by those employees who will have access to exercise the right to this benefit and who at the end of the year have not yet acquired it has been included in this obligation.

The obligations of this benefit plan are measured according to the projected credit unit method, including as variables the staff turnover rate, the expected salary growth and the probability of using this benefit, discounted at the current rate for long-term operations (5.71% as of September 30, 2025 and December 31, 2024).

The discount rate used corresponds to the rate of 10-year Bonds in Chilean pesos of the Central Bank of Chile (BCP).

Gains and losses arising from changes in actuarial variables are recognized in Other Comprehensive Income. There are no other additional costs that should be recognized by the Bank.

43
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant AccountingPolicies, continued**:**
--- ---
(w) Earnings per share:
--- ---

The basic earnings per share is determined by dividing the net income attributed to the Bank’s owners in a period and the weighted average number of shares outstanding during that period.

Diluted earnings per share are determined similarly to basic earnings, but the weighted average number of outstanding shares is adjusted to take into account the potential dilutive effect of the options on shares, warrants and convertible debt. At the end of the periods ended September 30, 2025 and 2024 there are no concepts that should be adjusted.

(x) Interest revenue and expense and UF indexation:

Interest income and expenses and UF indexation (Notes 30 and 31) are recognized in the Consolidated Statement of Income using the effective interest rate method. The effective interest rate is the rate which exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument (or, where appropriate, in a shorter period), to the carrying amount of the financial asset or financial liability. To calculate the effective interest rate, the Bank determines cash flows by taking into account all contractual conditions of the financial instrument, excluding future credit losses.

The effective interest rate calculation includes all fees and other amounts paid or received that are part of the effective interest rate. Transaction costs include incremental costs that are directly attributable to the acquisition or issuance of a financial asset or liability.

In the case of the impaired portfolio and current loans with a high risk of recoverability of loans and accounts receivable from customers, the Bank has applied a conservative position of discontinuing the accrual of interest and UF indexation on an accrual basis in the Consolidated Statement of Income, when the loan or one of its payments has been 90 days past due.

(y) Fee and commission income and expenses:

Fee and commission income and expenses (Note 32) are recognized in the Consolidated Statement of Income using the criteria established in IFRS 15 “Revenue from Contracts with Customers”.

Under IFRS 15, revenues are recognized considering the terms of the contract with customers. Revenue is recognized when or as the performance obligation is satisfied by transferring the goods or services committed to the customer.

Under IFRS 15, revenues are recognized using different criteria depending on their nature. The most significant are:

− Those that correspond to a singular act, when the act that originates them takes place.
− Those that originate in transactions or services that are extended over time, during the life of such<br>transactions or services.
--- ---
− Commissions on loan commitments and other fees related to loan transactions are deferred (together with<br>the incremental costs directly related to the placement) and recognized as an adjustment to the effective interest rate of the placement.<br>For loan commitments, when there is no certainty of the date of effective placement, fees and commissions are recognized in the period<br>of the commitment that originates it on a straight-line basis.
--- --- 
44
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant AccountingPolicies, continued**:**
--- ---
(y) Fee and commission income and expenses, continued:
--- ---

The fees registered as income by the Bank correspond mainly to:

− Commissions for loan prepayment: These commissions are accrued at the time the loans are prepaid.
− Commissions for lines of credit and overdrafts: These commissions are accrued in the period related to<br>the granting of lines of credit and overdrafts in current accounts.
--- ---
− Commissions for guarantee and letters of credit: These commissions are accrued in the period related to<br>the granting by the Bank of payment guarantees for real or contingent obligations of third parties.
--- ---
− Commissions for card services: Correspond to commissions accrued for the period, related to the use of<br>credit cards, debit cards and other.
--- ---
− Commissions for account management: Includes commissions that accrue in the period related to the maintenance<br>of current accounts and other deposit accounts.
--- ---
− Commissions for collections and payments: Includes commissions generated by the collection and payment<br>services provided by the Bank.
--- ---
− Commissions for intermediation and management of securities: correspond to income from brokerage service,<br>placements, administration and custody of securities.
--- ---
− Remuneration for management of mutual funds, investment funds or others: corresponds to the commissions<br>from the General Fund Administrator for the administration of third-party funds.
--- ---
− Remuneration for brokerage and insurance consulting services: includes income from brokerage and insurance<br>advice by the Bank or its subsidiaries is included.
--- ---
− Commissions for factoring operations services: includes commissions for factoring operations services<br>performed by the Bank.
--- ---
− Commissions for financial consulting services: includes commissions for financial advisory services performed<br>by the Bank and its subsidiary.
--- ---
− Other commissions received: includes income generated from foreign currency exchange, issuance bank guarantees,<br>issuance of bank check, use of distribution channels, agreement on the use of a brand and placement of financial products and cash transfers,<br>and recognition of payments associated with commercial alliances, among others.
--- ---

Commission expenses include:

− Commissions for card operations: includes commissions paid for credit and debit card operations.
− Commissions for licensing the use of card brands.
--- ---
− Expenses for obligations of loyalty and merits programs for card customers.
--- ---
− Commissions for operations with securities: includes commissions for deposit and custody of securities<br>and brokerage of securities.
--- ---
− Other commissions for services received: includes commissions for guarantees and sureties of Bank obligations,<br>for foreign trade operations, for correspondent banks in the country and abroad, for ATMs and electronic fund transfer services.
--- ---
− Commissions for compensation of large value payments: corresponds to commissions paid to entities such<br>as ComBanc, CCLV Contraparte Central, etc.
--- --- 
45
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant AccountingPolicies, continued**:**
--- ---
(z) Impairment of non-financial assets:
--- ---

The carrying amounts of the non-financial assets of the Bank and its subsidiaries, are reviewed throughout the year and especially at each reporting date, to determine if any indication of impairment exists. If such indication exists, then the recoverable amount of the asset is estimated.

(aa) Financial and operating leases:
− The Bank acting as lessor
--- ---

Assets leased to customers under agreements which transfer substantially all the risks and rewards of ownership, with or without ultimate legal title, are classified as finance leases. When assets held are subject to a finance lease, the leased assets are derecognized and a receivable is recognized which is equal to the present value of the minimum lease payments, discounted at the interest rate implicit in the lease. Initial direct costs incurred in negotiating and arranging a finance lease are incorporated into the receivable through the discount rate applied to the lease. Finance lease income is recognized over the lease term based on a pattern reflecting a constant periodic rate of return on the net investment in the finance lease.

Assets leased to customers under agreements, which do not transfer substantially all the risks, and rewards of ownership are classified as operating leases.

The leased investment properties, under the operating lease modality, are included in the Consolidated Statement of Financial Position as “Other assets” and depreciation is determined on the book value of these assets, applying a proportion of the value in a systematic way on the economic use of the estimated useful life. Lease income is recognized on a straight-line basis over the lease term.

− The Bank acting as lessee

A contract is, or contains a lease, if one party has the right to control the use of an identified asset for a period of time in exchange for a regular payment (Note 17).

On the date of commencement of a lease, a right-to-use assets leased is determined at cost, which includes the amount of the initial measurement of the lease liability plus other disbursements made.

The amount of the lease liability is measured at the present value of future lease payments that have not been paid on that date, which are discounted using the Bank’s incremental financing interest rate.

The right-of-use asset is measured using the cost model, less accumulated depreciation and accumulated impairment losses, depreciation of the right-of-use asset, is recognized in the Consolidated Statements of Income on a straight-line depreciation basis from the commencement date and until the end of the lease term.

46
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant AccountingPolicies, continued**:**
--- ---
(aa) Financial and operating leases, continued:
--- ---

The monthly variation of the UF for the contracts established in such monetary unit should be treated as a remeasurement; accordingly, the UF indexation modifies the value of the lease liability, and simultaneously, the amount of the right-of-use asset must be adjusted by this effect.

Subsequent to the commencement date, the lease liability is measured by reducing the carrying amount to reflect the lease payments made and the modifications to the lease.

In accordance with IFRS 16 “Leases” the Bank does not apply this rule to contracts whose term is 12 months or less and those that contain an underlying asset of low value. In these cases, payments are recognized as a lease expense.

(ab) Additional allowances:

In accordance with the standards issued by the CMF, banks could record additional allowances for its individually evaluated loan portfolio, taking into consideration the expected impairment of this portfolio. The calculation of this allowance is performed based on the Bank’s historical experience and considering possible future adverse macroeconomic conditions or circumstances that could affect a specific sector.

Allowances made in order to prevent the risk of macroeconomic fluctuations should anticipate situations of reversal of expansive economic cycles that, in the future, could result in a worsening of the conditions and, function as a countercyclical mechanism for accumulating additional allowances when the scenario is favorable and release or allocate them to specific allowances when environmental conditions deteriorate.

Accordingly, additional allowances must always correspond to general allowances on commercial, consumer or mortgage loans, or segments identified, and in no case may be used to offset weaknesses in the models used by the Bank (Note 26).

As of September 30, 2025, the balance of additional allowances amounts to Ch$631,217 million (Ch$700,252 million as of December 2024), which are presented in the caption “Special provisions for Credit risk” in Liabilities in the Consolidated Statement of Financial Position.

(ac) Fair value measurement:

“Fair value” is understood as the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between participants in a principal (or more advantageous) market at the measurement date under current market conditions, regardless of whether that price is directly observable or estimated using another valuation technique. The most objective and usual reference of fair value is the price that would be paid in an active, transparent and deep market (“quoted price” or “market price”).

When available, the Bank estimates the fair value of an instrument using quoted prices in an active market for that instrument. A market is considered active if quoted prices are readily and regularly available and represent actual and regularly occurring market transactions on an arm’s length basis.

47
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
2. Summary of Significant AccountingPolicies, continued**:**
--- ---
(ac) Fair value measurement, continued:
--- ---

If a market for a financial instrument is not active, the Bank establishes fair value using a valuation technique. These valuation techniques include the use of recent market transactions between knowledgeable, willing parties in an arm’s length transaction, if available, as well as references to the fair value of other instruments that are substantially the same, discounted cash flows and options pricing models.

The selected valuation technique makes maximum use of information obtained in the market, using the least possible amount of data estimated by the Bank, incorporates all the factors that market participants would consider to establish the price, and will be consistent with generally accepted economic methodologies for calculating the price of financial instruments. The variables used by the valuation technique reasonably represent market expectations and reflect the return-risk factors inherent to the financial instrument. Periodically, the Bank calibrates the valuation techniques and tests it for validity using prices from observable current market transaction in the same instrument or based on available observable market information.

The best evidence of the fair value of a financial instrument at initial recognition is the transaction price (i.e., the fair value of the consideration given or received) unless the fair value of that instrument is evidenced by comparison with other observable current market transactions in the same instrument (i.e. without modification or repackaging) or based on a valuation technique whose variables include only data from observable markets. However, when transaction price provides the best evidence of fair value at initial recognition, the financial instrument is initially measured at the transaction price and any difference between this price and the value initially obtained from a valuation model is subsequently recognized in profit or loss.

Note that the Bank has financial assets and liabilities that offset each other’s market risks, based on which average market prices are used as a basis for determining their fair value.

Then, the fair value estimates obtained from models are adjusted for any other factors, such as liquidity risk or model uncertainties; to the extent that the Bank believes that a third-party market participant would take them into account in pricing a transaction.

The Bank’s fair value disclosures are included in Note 44.

48
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
3. New Accounting Pronouncements Issued and Adopted, or Issued that have not yet been Adopted:
--- ---

Standardsapproved and/or amended by the International Accounting Standards Board (IASB) and by the Financial Market Commission (CMF):

Standardsand interpretations that have been adopted in these Interim Consolidated Financial Statements.

As of the date of issuance of these Interim Consolidated Financial Statements, the new accounting pronouncements issued by both the IASB and the CMF, which have been adopted by the Bank and its subsidiaries, are detailed below:

- Accountingstandards issued by IASB.

IAS21 The Effects of Changes in Foreign Exchange Rates.

In August 2023, the IASB issued amendments to IAS 21. These amendments set out criteria that will allow entities to assess whether a currency is exchangeable and when it is not, so that they can determine the exchange rate to be used and the disclosures to be provided.

The amendments were effective for periods beginning on or after January 1, 2025.

The implementation of this new standard had no impact on the Bank or its subsidiaries.

- Accountingstandards issued by CMF.

CircularNo. 2,346. Standard model of allowances for consumer loans. It amends Chapter B-1 “Allowances for credit losses” and ChapterE “Transitional provisions” of the CNCB.

On March 6, 2024, the CMF issued this circular that introduces the regulations that establish the Standardized Methodology for computing Allowances for Consumer Loans in Chapter B-1 of the CNCB.

The regulations establish matrices for determining the Probability of Default (PD) and Loss Given Default (LGD) parameters that must be used to calculate the minimum level of allowances.

The PD matrix is determined based on three factors (default in the bank, in the financial system and having a mortgage loan).

Regarding the LGD, the model allows differentiation according to the type of loan (lease or automotive, installments, cards and lines or other consumer products) and also distinguishes those debtors with mortgage loans for housing in the system, allowing banks to recognize a loss level adjusted to the specific characteristics of each transaction.

The regulations of the standard provision model for consumer loans will become effective beginning on the accounting close of January 2025. Until that date, banks will continue to estimate the allowances of this portfolio only using their internal methodologies. The impact of the first application must be recorded in the entity’s statement of income.

The new methodology was implemented in January 2025 and will have an impact of a debit to net income or loss before tax of approximately Ch$69,000 million in 2025.

49
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
3. New Accounting Pronouncements Issued and Adopted, or Issued that have not yet been Adopted, continued:

CircularNo. 2,347. Precisions of information requirements on subsidiaries, branches abroad and Banking Support Companies.

On April 24, 2024, the CMF issues this Circular that unifies and establishes in the General Background section of the MSI the instructions regarding the information requirements that banks must prepare and send to the CMF, regarding subsidiaries, branches in the abroad and Banking Support Companies (SAG), which include accounting, debtor, risk and other information.

The first shipment of the new information requirements was made in the first quarter of 2025.

LawNo. 21,748, which creates a new guarantee program for new housing, as well as an interest rate subsidy for mortgage loans.

On May 29, 2025, Law No. 21,748 was published, establishing a new guarantee program for new housing and an interest rate subsidy for mortgage loans. This subsidy consists of a reduction of up to sixty basis points (60 bps) in the interest rate. The benefit applies exclusively to financing intended for the purchase of new homes, in their first sale, whose value does not exceed 4,000 Unidades de Fomento (UF), and that meet the requirements set forth by the Ministry of Finance.

The CMF (Commission for the Financial Market) has issued instructions to banks regarding accounting treatment, determination of credit risk provisions, calculation of the credit risk weight for capital requirements, supervision of the maximum conventional interest rate (TMC), among other matters.

As of the date of issuance of the financial statements, the Bank implemented this product and complied with the CMF requirements.

NewStandards and interpretations issued but not yet effective:

The following is a summary of new standards, interpretations and improvements to the International Financial Reporting Standards issued by the International Accounting Standards Board (IASB) and the CMF that are not yet effective as of September 30, 2025:

  • Accountingstandards issued by IASB.

IAS28 Investments in Associates and Joint Venture and IFRS 10 Consolidated Financial Statements.

In September 2014, the IASB issued this amendment, which clarifies the scope of the gains and losses recognized in a transaction, that involves an associate or joint venture, and that this depends on whether the asset sold, or contribution constitutes a business. Accordingly, the IASB concluded that all gains or losses must be recognized against loss of control of a business.

Likewise, the gains or losses that result from the sale or contribution of a subsidiary that does not constitute a business (definition of IFRS 3) to an associate or joint venture must be recognized only to the extent of unrelated interests in the associate or joint venture.

During December 2015, the IASB agreed to set the effective date of this amendment in the future, allowing its immediate adoption.

Banco de Chile and its subsidiaries will have no impact on the Consolidated Financial Statements as a result of the application of this amendment.

50
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
3. New Accounting Pronouncements Issued and Adopted, or Issued that have not yet been Adopted, continued:
--- ---

IFRS18 – Presentation and Disclosure in Financial Statements.

In April 2024, IASB issued a new accounting standard, IFRS 18 Presentation and Disclosure in Financial Statements, replacing the IAS 1 Presentation of Financial Statements.

This new standard aims to improve the usefulness of the information presented and disclosures so that the comparability of the financial information is enhanced, complying with the qualitative characteristics defined in the conceptual framework of the International Financial Reporting Standards (IFRS).

According to the information provided by IASB, the standard introduces three new requirements:

- Improvement<br> comparability of the statement of income.
- Higher<br> transparency in measuring performance defined by the management.
--- ---
- More<br> useful grouping of the information in the financial statements.
--- ---

The standard will be effective for annual accounting periods beginning on or after January 1, 2027.

Because these Interim Consolidated Financial Statements are prepared in accordance with the standards issued by the CMF as defined in CNCB, the adoption of this standard is conditional to the amendment of the CNCB.

IFRS19 – Subsidiaries without Public Accountability: Disclosures

In May 2024, the IASB issued published the new accounting standard IFRS 19 Subsidiaries without Public Accountability: Disclosures, which will become effective on January 1, 2027 where early application is permitted.

This new standard allows to save in the preparation costs of the financial statements of subsidiaries without public interest, making possible to disclose less information and adapt the financial statements to the needs of the users when certain conditions are met.

The standard establishes that a subsidiary is in the public interest if:

- It<br> has debt instruments or capital that is subject to trade on a public market or if it is in<br> the process of issuing such instruments to negotiate on a public market; or
- Manages<br> fiduciary assets for a broad group of external people as one of its principal businesses.
--- ---

A subsidiary is eligible and can apply IFRS 19 in its consolidated, separate or stand-alone financial statements if:

- It<br> has no public accountability; and
- Its<br> ultimate parent company or any other intermediate parent company issued consolidated financial<br> statements that are available for public use and comply with IFRS.
--- ---

This new standard will not have an impact on the Consolidated Financial Statements.

51
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
3. New Accounting Pronouncements Issued and Adopted, or Issued that have not yet been Adopted, continued:
--- ---

IFRS9 and IFRS 7 Financial Instruments: Classification and Measurement

In May 2024, the IASB issued amendments to the classification and measurement requirements of IFRS 9, “Financial Instruments”, and to the disclosure requirements of IFRS 7, “Financial Instruments: Disclosures”, as follows:

Derecognitionof financial liabilities settled by electronic transfer.

The amendment allows an entity to consider that a financial liability (or part of it) that is settled using an electronic payment system is cancelled, expires or the liability otherwise qualifies for derecognition before the settlement date, if certain specified criteria are met. An entity that chooses to apply the deregistration option would be required to apply it to all settlements made through the same electronic payment system.

Classificationof financial assets

The amendment provides guidance on how an entity can evaluate whether the contractual cash flows of a financial asset are consistent with a basic loan agreement, for classification and measurement purposes.

The amendment also improves the description of the term “non-recourse”, meaning that a financial asset has “non-recourse” features if an entity’s ultimate right to receive cash flows is contractually limited to the cash flows generated by specific assets.

Disclosures

For investments in equity financial instruments designated at fair value through other comprehensive income, an entity is required to disclose the fair value gain or loss presented in other comprehensive income during the period, showing separately the fair value gain or loss that relates to investments derecognized in the period and the fair value gain or loss that relates to investments held at the end of the period.

Additional disclosures are required for financial assets and liabilities with contractual terms that reference a contingent event (including those that are linked to Environmental, Social and Governance factor (ESG)).

The amendments are effective for annual periods beginning on or after January 1, 2026. Early adoption is permitted.

The Bank is in the process of analyzing the impact of this new standard.

52
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
3. New Accounting Pronouncements Issued and Adopted, or Issued that have not yet been Adopted, continued:
--- ---
  • Accountingstandards issued by CMF.

GeneralRule (NCG) No. 537 includes a formula and components for calculating the minimum payment amount on credit cards

On June 4, 2025, the CMF issued NCG No. 537, which aims to include a formula and the components for calculating the minimum payment amount on credit cards. This regulation amends Chapter 8-41 of the Updated Compilation of Regulations (RAN) and Circular No. 1 for Non-Banking Issuers.

According to the rule, the minimum payment will be determined as the sum of the Non-Financeable Amount (NFA) plus 5% of the Financeable Amount (FA). The NFA includes interest-free installments payable during the billing period, as well as interest, fees, and other charges such as taxes, additional charges, insurance premiums, among others. The FA mainly corresponds to the outstanding principal.

This regulation will be applied gradually starting 12 months after its publication.

The Bank is currently working on implementing this regulatory change.

4. Changes<br>in Accounting Policies

In conformity with the instructions of the Financial Market Commission, in January 2025, the Bank adopted the new standard allowance model for consumer loans, which resulted a higher charge to results of Ch$64,389 million before tax.

During the period ended September 30, 2025, there have been no other material changes in accounting policies affecting the presentation of these Interim Consolidated Financial Statements.

53
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
5. Relevant Events:
--- ---
(a) On<br>January 17, 2025, Banco de Chile reported that the Financial Market Commission informed the Bank that it resolved to maintain as a capital<br>requirement for Pillar II risk, the charge already constituted of 0.13% of the risk-weighted assets net of required provisions, in accordance<br>with article 66 quinquies of the General Banking Law.
--- ---
(b) On<br> January 23, 2025, the subsidiary Banchile Corredores de Bolsa reported that the Board of<br> Directors agreed to appoint Mr. José Antonio Díaz Orellana as General Manager<br> of Banchile Corredores de Bolsa S.A., who until that date was the Interim General Manager.
--- ---
(c) On<br> February 11, 2025, the Board of Directors of Banco de Chile agreed to summon an Ordinary<br> Shareholders’ Meeting for March 27, 2025 in order to propose, among other matters, the following<br> distribution of profits for the year ended December 31, 2024:
--- ---
a) Deduct<br> and withhold from the net income of the year, an amount equivalent to the effect of inflation<br> of the paid-in capital and reserves according to the variation in the Consumer Price Index<br> that occurred between November 2023 and November 2024, amounting to Ch$212,012,307,434 which<br> will be added to retained earnings from previous periods.
--- ---
b) Distribute<br> in the form of dividend the remaining profit, corresponding to a dividend of Ch$9.85357420889<br> to each of the 101,017,081,114 shares of the Bank.
--- ---

Consequently, a distribution as dividend of 82.4% of the profits for the year ended December 31, 2024 is proposed.

(d) On<br> April 10, 2025, at a meeting of the Board of Directors of Banco de Chile, the directors agreed,<br> subject to prior authorization from the Financial Market Commission, to absorb the subsidiary<br> Socofin S.A., by acquiring the shares issued by it whose owner is Banchile Asesoría<br> Financiera S.A. and, dissolve Socofin S.A. in accordance with the provisions of section 2<br> of article 103 of Law 18,046. Likewise, once the dissolution of the aforementioned company<br> occurs, the Bank will be the legal successor of the entity. 
54
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
5. Relevant Events, continued:
--- ---
(e) During<br> 2025, Banco de Chile has reported as an essential event the following placements in the local<br> market of senior, dematerialized and bearer bonds issued by Banco de Chile and registered<br> with the Securities Registry of the Financial Market Commission:
--- ---
Date Registration<br><br>number in the<br><br>Securities Registry Serie Amount Currency Maturity<br><br>date Average<br><br>rate
--- --- --- --- --- --- --- --- --- ---
March 17, 2025 11/2022 FC 600,000 UF 01/01/2030 2.97 %
March 20, 2025 11/2022 FC 300,000 UF 01/01/2030 2.97 %
March 21, 2025 11/2022 FC 1,050,000 UF 01/01/2030 2.97 %
April 1, 2025 11/2022 FC 800,000 UF 01/01/2030 2.96 %
April 3, 2025 11/2022 FO 900,000 UF 01/01/2032 2.92 %
April 15, 2025 11/2022 FH 850,000 UF 12/01/2030 2.84 %
April 17, 2025 11/2022 GG 1,000,000 UF 05/01/2035 3.03 %
April 17, 2025 (*) 20240002 HD 2,000,000 UF 10/01/2034 3.03 %
May 7, 2025 11/2022 FH 300,000 UF 12/01/2030 2.92 %
May 9, 2025 11/2022 GG 150,000 UF 05/01/2035 3.03 %
May 9, 2025 (*) 20240002 HN 300,000 UF 12/01/2039 3.06 %
May 30, 2025 11/2022 FA 590,000 UF 08/01/2028 2.77 %
May 30, 2025 11/2022 FH 250,000 UF 12/01/2030 3.06 %
June 2, 2025 11/2022 FH 350,000 UF 12/01/2030 3.06 %
June 2, 2025 11/2022 FH 250,000 UF 12/01/2030 3.05 %
June 3, 2025 11/2022 FH 226,000 UF 12/01/2030 3.04 %
June 6, 2025 11/2022 FH 108,000 UF 12/01/2030 3.04 %
June 10, 2025 11/2022 FH 666,000 UF 12/01/2030 3.04 %
June 10, 2025 11/2022 FO 500,000 UF 01/01/2032 3.06 %
July 3, 2025 11/2022 GG 610,000 UF 05/01/2035 3.15 %
July 9, 2025 11/2015 CI 500,000 UF 02/01/2033 3.14 %
July 10, 2025 11/2015 CG 1,250,000 UF 08/01/2032 3.14 %
July 10 2025 11/2015 CH 400,000 UF 12/01/2032 3.14 %
July 10, 2025 11/2015 CI 150,000 UF 02/01/2033 3.14 %
July 15, 2025 (*) 20240002 HW 1,600,000 UF 06/01/2044 3.21 %
July 17, 2025 11/2022 GB 225,000 UF 09/01/2034 3.18 %
July 18, 2025 11/2022 GB 250,000 UF 09/01/2034 3.16 %
July 21, 2025 11/2022 GB 150,000 UF 09/01/2034 3.13 %
July 22, 2025 11/2022 GB 500,000 UF 09/01/2034 3.11 %
July 22, 2025 11/2022 GG 150,000 UF 05/01/2035 3.11 %
July 22, 2025 (*) 20240002 HW 450,000 UF 06/01/2044 3.19 %
August 22, 2025 11/2022 GG 100,000 UF 05/01/2035 2.99 %
August 27, 2025 (*) 20240002 HN 550,000 UF 12/01/2039 3.06 %
September 4, 2025 11/2022 GG 400,000 UF 05/01/2035 3.01 %
September 4, 2025 (*) 20240002 HW 200,000 UF 06/01/2044 3.12 %
September 5, 2025 11/2022 GA 1,000,000 UF 05/01/2034 3.05 %
September 5, 2025 11/2022 GD 4,000,000 UF 01/01/2035 3.09 %
September 5, 2025 (*) 20240002 HI 5,000,000 UF 06/01/2037 3.13 %
September 11, 2025 11/2022 GA 800,000 UF 05/01/2034 2.99 %
September 15, 2025 11/2022 GA 50,000 UF 05/01/2034 2.99 %
September 15, 2025 (*) 20240002 HW 550,000 UF 06/01/2044 3.12 %
September 16, 2025 (*) 20240002 HN 1,000,000 UF 12/01/2039 3.03 %
September 17, 2025 11/2022 FU 1,650,000 UF 11/01/2032 2.91 %
September 17, 2025 11/2022 GA 550,000 UF 05/01/2034 2.99 %
September 22, 2025 11/2022 FU 800,000 UF 11/01/2032 2.91 %
September 22, 2025 11/2022 GA 150,000 UF 05/01/2034 2.98 %
September 22, 2025 (*) 20240002 HH 2,100,000 UF 12/01/2036 3.08 %
September 23, 2025 (*) 20240002 HH 1,600,000 UF 12/01/2036 3.07 %
September 25, 2025 11/2022 FU 150,000 UF 11/01/2032 2.90 %
(*) The<br>bonds have been registered under the Automatic Registration modality, with the registration number dated April 5, 2024.
--- --- 
55
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
5. Relevant Events, continued:
--- ---
(f) During<br>the period 2025 Banco de Chile has reported as an essential fact the following placements in the foreign market, issued under its Medium-Term<br>Notes Program (“MTN”):
--- ---
Date Amount Currency Maturity date Average rate
--- --- --- --- --- ---
June 17, 2025 (*) 100,000,000 CHF 07/15/2031 1.1875%
June 18, 2025 10,000,000,000 JPY 06/27/2030 1.635%
July 9, 2025 1,000,000,000 MXN 07/17/2030 TIIE (28 days) + 1.05%

(*) This placement will be listed on the Zurich Stock Exchange in Switzerland and is intended to finance or refinance social and environmental projects in accordance with Banco de Chile’s Sustainability Financing Framework.

(g) On<br>July 4, 2025, Banco de Chile announced that, by public deed dated June 23, 2025, granted by the Notary of Santiago, Mrs. María<br>Pilar Gutiérrez Rivera, Banco de Chile acquired all the shares held by Banchile Asesoría Financiera S.A. in the company<br>Socofin S.A., a subsidiary of Banco de Chile. In accordance with item 2 of Article 103 of Law No. 18,046 on Corporations, and after an<br>uninterrupted period of more than 10 days, Socofin S.A. has been dissolved because 100% of its shares are held by Banco de Chile, which,<br>beginning on July 4, 2025, becomes its legal successor and continuator.
(h) On<br>August 29, 2025, Banco de Chile announced that, together with Citigroup Inc., they have agreed to extend the term of the Cooperation<br>Agreement, the Global Connectivity Agreement, and the Amended and Restated Trademark License Agreement, the first two originally executed<br>on October 22, 2015, and the latter on November 29, 2019.
--- ---

Pursuant to this extension, the term of these agreements will run from January 1, 2026, through January 1, 2028. The parties may agree, prior to August 31, 2027, to extend the term for an additional two years starting January 1, 2028. If such agreement is not reached, the contracts will be automatically extended one time only for a period of one year, from January 1, 2028, to January 1, 2029. The same renewal procedure may be used in the future as often as the parties agree.

Additionally, on this same date, Banco de Chile and Citigroup Inc. executed an Amended and Restated Master Services Agreement, agreeing that its term will be the same as that established in the Cooperation Agreement referred to in the previous paragraph.

The Board of Directors of Banco de Chile, in session No. BCH 3,037 held on August 28, 2025, approved the extension and execution of the previously mentioned agreements under the terms set forth in Articles 146 and following of the Chilean Corporations Law.

56
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
5. Relevant Events, continued:
--- ---
(i) On<br> September 11, 2025, Banco de Chile announced that its Board of Directors resolved to convene<br> an Extraordinary Shareholders’ Meeting to be held on November 10, 2025, at 10:00 a.m.,<br> in the Bank’s Auditorium located at Huérfanos Street No. 930, Santiago, for<br> the purpose of addressing the following matters:
--- ---
1. Approve<br> amendments to the bank’s bylaws as detailed below:
--- ---
a) Amend<br>Article Two to maintain the city of Santiago as the corporate domicile and remove the reference to the commune of Santiago.
--- ---
b) Amend<br>Article Eight to reduce the number of directors from eleven to nine.
--- ---
c) Amend<br>Article Nine to adjust the minimum quorum required to hold board meetings from six to five regular or alternate directors.
--- ---
d) Amend<br>Article Ten regarding the convening of extraordinary board meetings.
--- ---
e) Replace<br>Article Nineteen to incorporate as a permanent provision in the bylaws the possibility of participating and/or voting in shareholders’<br>meetings through systems and procedures approved by the board, including technological means, without prejudice to holding meetings with<br>in-person attendance.
--- ---
f) Amend<br>Article Twenty-Three to update its wording regarding the availability of the Annual Report for shareholders and the public.
--- ---
g) Amend<br>Articles Thirteen, Sixteen, and Twenty-Four to replace references to the Superintendency and the Superintendent of Banks and Financial<br>Institutions with the Financial Market Commission.
--- ---
h) Eliminate<br>the Third Transitional Article.
--- ---
i) Remove<br>the Second and Fourth Transitional Articles.
--- ---
j) Incorporate<br>a new Second Transitional Article providing that, at the next ordinary shareholders’ meeting held after the registration and publication<br>of the certificate issued by the Financial Market Commission regarding the bylaws amendment, nine regular directors shall be elected<br>in accordance with the amendment to Article Eight, and that from such date Article Nine will be applicable as approved by the extraordinary<br>shareholders’ meeting.
--- ---
2. Approve<br> a new consolidated text of the bank’s bylaws.
--- ---
3. Adopt<br> any other resolutions necessary to implement the bylaws amendment and grant the powers required<br> to execute the resolutions adopted on the matters indicated above.
--- ---

Additional information regarding the board’s resolutions and the proposals to be submitted to the shareholders’ meeting on the matters described in items 1 and 2 above is available on the Bank’s website at www.bancochile.cl.

57
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
6. Business Segments:
--- ---

For management purposes, the Bank is organized into four segments, which are defined based on the types of products and services offered, and the type of client in which focuses as described below:

Retail Banking:

This segment focuses on individuals and small and medium-sized companies (SMEs) with annual sales up to UF 70,000, where the product offering focuses primarily on consumer loans, commercial loans, checking accounts, credit cards, credit lines and residential mortgage loans.

Wholesale Banking:

This segment focused on corporate clients and large companies, whose annual revenue exceed UF 70,000, where the product offering focuses primarily on commercial loans, checking accounts and liquidity management services, debt instruments, foreign trade, derivative contracts and leases.

Treasury and Money Market:

This segment includes the associated revenues to the management of the investment portfolio and the business of financial transactions and currency trading.

Transactions with customers carried out by the Treasury are reflected in the respective aforementioned segments. These products are highly transaction-focused and include foreign exchange transactions, derivatives and financial instruments in general, among others.

Operations through Subsidiaries:

Corresponds to the businesses generated by the companies controlled by the Bank, which carry out activities complementary to the bank business. The companies that comprise this segment are:

- Banchile<br>Administradora General de Fondos S.A.
- Banchile<br>Asesoría Financiera S.A.
- Banchile<br>Corredores de Seguros Ltda.
- Banchile<br>Corredores de Bolsa S.A.
- Operadora<br>de Tarjetas Banchile Pagos S.A.
- Socofin<br>S.A. (*)

(*) See Note 5 letter (d) and (g) on Relevant Events.

58
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
6. BusinessSegments, continued:
--- ---

The financial information used to measure the performance of the Bank’s business segments is not comparable with similar information from other financial institutions because each institution relies on its own definitions. The accounting policies applied to the segments is the same as those described in the summary of accounting principles. The Bank obtains the majority of the results from: interest, indexation and commissions and financial operations and changes, discounting provisions for credit risk and operating expenses. Management is mainly based on these concepts to evaluate the performance of the segments and make decisions about the goals and allocations of resources of each unit. Although the results of the segments reconcile with those of the Bank at the total level, this is not necessarily the case in terms of the different concepts, given that management is measured and controlled individually and not on a consolidated basis, applying the following criteria:

● The<br>net interest margin of loans and deposits is obtained aggregating the net financial margins of each individual operation of credit and<br>uptake made by the bank. For these purposes, the volume of each operation and its contribution margin are considered, which in turn corresponds<br>to the difference between the effective rate of the customer and the internal transfer price established according to the term and currency<br>of each operation. Additionally, the net margin includes the result of interest and indexation from the accounting hedges.
● Provisions<br>for credit risk are determined at the customer and counterparty level based on the characteristics of each of their operations. Additional<br>allowances are assigned to the different business segments based on the credit risk weighted assets of each segment.
--- ---
● The<br>capital and its financial impacts on outcome have been assigned to each segment based on the risk-weighted assets.
--- ---
● Operational<br>expenses are reflected at the level of the different functional areas of the Bank. The allocation of expenses from functional areas to<br>business segments is done using different allocation criteria, at the level of the different concepts and expense items.
--- ---

Taxes are managed at a corporate level and are not allocated to business segments.

For the periods ended September 30, 2025 and 2024 there was no income from transactions with a customer or counterparty that accounted for 10% or more of the Bank’s total revenues.

59
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
6. BusinessSegments, continued:
--- ---

The following table presents the income by segment for the periods ended September 30, 2025 and 2024 for each of the segments defined above:

Retail<br> Banking Wholesale<br> Banking Treasury<br> and Money Market Operations<br> through Subsidiaries Subtotal Consolidation<br> <br>adjustment Total
September September September September September September September September September September September September September September
2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Net<br> interest income and UF indexation 1,115,811 1,123,120 511,269 557,782 (75,068 ) (92,807 ) (1,166 ) (3,785 ) 1,550,846 1,584,310 914 939 1,551,760 1,585,249
Net<br> income from commissions 268,995 244,171 71,661 68,029 3,013 2,792 148,094 139,754 491,763 454,746 (18,990 ) (27,513 ) 472,773 427,233
Profit<br> (loss) of financial operations 319 300 12,960 11,005 100,308 114,064 18,966 23,110 132,553 148,479 (914 ) (939 ) 131,639 147,540
Foreign<br> currency changes, indexation and accounting hedge 6,276 7,672 24,471 23,900 20,480 26,417 19,465 19,451 70,692 77,440 — — 70,692 77,440
Other<br> income 34,327 26,167 14,484 6,605 — — 4,493 2,501 53,304 35,273 (11,186 ) (7,686 ) 42,118 27,587
Income<br> attributable to investments in other companies 6,393 4,178 1,532 2,287 119 255 437 364 8,481 7,084 — — 8,481 7,084
Total<br> operating revenue 1,432,121 1,405,608 636,377 669,608 48,852 50,721 190,289 181,395 2,307,639 2,307,332 (30,176 ) (35,199 ) 2,277,463 2,272,133
Expenses<br> from salaries and employee benefits (273,444 ) (269,198 ) (82,974 ) (81,185 ) (2,923 ) (2,851 ) (59,238 ) (66,150 ) (418,579 ) (419,384 ) 16 15 (418,563 ) (419,369 )
Administrative<br> expenses (252,036 ) (252,869 ) (59,726 ) (57,668 ) (1,728 ) (1,455 ) (36,990 ) (35,954 ) (350,480 ) (347,946 ) 29,383 34,479 (321,097 ) (313,467 )
Depreciation<br> and amortization (60,262 ) (59,200 ) (5,298 ) (5,815 ) (408 ) (436 ) (5,055 ) (5,500 ) (71,023 ) (70,951 ) — — (71,023 ) (70,951 )
Impairment<br> of non-financial assets (273 ) (28 ) (5 ) — — — (2,548 ) (1,443 ) (2,826 ) (1,471 ) — — (2,826 ) (1,471 )
Other<br> operating expenses (18,756 ) (17,519 ) (5,433 ) (6,440 ) (26 ) (33 ) (1,371 ) (1,043 ) (25,586 ) (25,035 ) 777 705 (24,809 ) (24,330 )
Total<br> operating expenses (604,771 ) (598,814 ) (153,436 ) (151,108 ) (5,085 ) (4,775 ) (105,202 ) (110,090 ) (868,494 ) (864,787 ) 30,176 35,199 (838,318 ) (829,588 )
Expenses<br> for credit losses (264,044 ) (270,343 ) 1,099 (19,209 ) (3,135 ) 1,094 — — (266,080 ) (288,458 ) — — (266,080 ) (288,458 )
Net<br> operating income 563,306 536,451 484,040 499,291 40,632 47,040 85,087 71,305 1,173,065 1,154,087 — — 1,173,065 1,154,087
Income<br> taxes (246,340 ) (244,761 )
Net<br> income after taxes 926,725 909,326

For comparative purposes, the amounts for the 2024 period include certain minor reclassifications in certain items.

The following table presents assets and liabilities as of September 30, 2025 and December 31, 2024 by each segment defined above:

Retail<br> Banking Wholesale<br> Banking Treasury<br> and Money Market Operations<br> through Subsidiaries Subtotal Consolidation<br> <br>adjustment Total
September December September December September December September December September December September December September December
2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Assets 25,519,310 24,831,698 13,269,150 13,259,610 15,227,435 12,590,222 1,565,508 924,392 55,581,403 51,605,922 (679,736 ) (227,179 ) 54,901,667 51,378,743
Current<br> and deferred taxes 568,426 716,698
Total<br> assets 55,470,093 52,095,441
Liabilities 17,902,687 18,014,282 11,142,622 10,790,972 20,045,868 17,199,083 1,325,788 694,984 50,416,965 46,699,321 (679,736 ) (227,179 ) 49,737,229 46,472,142
Current<br> and deferred taxes 51,319 298
Total<br> liabilities 49,788,548 46,472,440 
60
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
7. Cash<br>and Cash Equivalents:
--- ---

The detail of the balances included in cash and cash equivalents is as follows:

September December
2025 2024
MCh$ MCh$
Cash and due from banks:
Cash 943,467 879,130
Deposit in Chilean Central Bank (*) 347,126 1,036,476
Deposit in foreign Central Banks — —
Deposits in domestic banks 15,137 12,767
Deposits in abroad banks 749,967 770,703
Subtotal – Cash and due from banks 2,055,697 2,699,076
Net transactions in the course of settlement (**) 66,370 88,851
Cash equivalents (***) 3,042,758 1,701,659
Total cash and cash equivalents 5,164,825 4,489,586

The detail of the balances included under net ongoing clearance operations is as follows:

September December
2025 2024
MCh$ MCh$
Assets
Documents drawn on other banks (clearing) 88,054 109,635
Funds receivable 498,254 262,821
Subtotal - assets 586,308 372,456
Liabilities
Funds payable (519,938 ) (283,605 )
Subtotal - liabilities (519,938 ) (283,605 )
Net transactions in the course of settlement 66,370 88,851
(*) The<br>level of funds in cash and in the Central Bank of Chile responds to regulations on reserve requirements that the bank must maintain on<br>average in monthly periods.
--- ---
(**) Trading<br>operations pending settlement correspond to transactions in which only the settlement remains that will increase or decrease the funds<br>in the Central Bank of Chile or in banks in foreign countries, normally within a period ranging between 12 or 24 business hours.
--- ---
(***) Refers<br>to financial instruments that meet the criteria to be considered as “cash equivalents” as defined by IAS 7, i.e., to qualify<br>as “cash equivalents” investments in debt financial instruments must be: short-term with an original maturity of 90 days<br>or less from the date of acquisition, highly liquid, readily convertible to known amounts of cash from the date of initial investment,<br>and that the financial instruments are exposed to an insignificant risk of changes in their value.
--- --- 
61
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
8. Financial<br>Assets Held for Trading at Fair Value through Profit or Loss:
--- ---

The item detail is as follows:

September December
2025 2024
MCh$ MCh$
Financial derivative instruments 1,766,262 2,303,353
Debt Financial Instruments 3,197,813 1,714,381
Others 403,914 411,689
Total 5,367,989 4,429,423
(a) The<br> Bank as of September 30, 2025 and December 31, 2024, maintains the following asset portfolio<br> of derivative instruments:
--- ---
Notional amount of contract with final expiration date in
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
**** **** Demand **** **** Up to 1 month **** **** Over 1 month and up to 3 months **** **** Over 3 months and up to 12 months **** **** Over 1 year and up to 3 years **** **** Over 3 year and up to 5 years **** **** Over 5 years **** **** Total **** **** Fair Value<br> <br>Assets ****
**** **** September **** **** December **** **** September **** **** December **** **** September **** **** December **** **** September **** **** December **** **** September **** **** December **** **** September **** **** December **** **** September **** **** December **** **** September **** **** December **** **** September **** **** December ****
**** **** 2025 **** **** 2024 **** **** 2025 **** **** 2024 **** **** 2025 **** **** 2024 **** **** 2025 **** **** 2024 **** **** 2025 **** **** 2024 **** **** 2025 **** **** 2024 **** **** 2025 **** **** 2024 **** **** 2025 **** **** 2024 **** **** 2025 **** **** 2024 ****
**** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ ****
Currency<br> forward — — 6,538,131 3,289,559 1,930,005 1,712,274 4,398,739 2,589,278 613,040 916,016 19,465 26,575 — 4,442 13,499,380 8,538,144 152,023 227,670
Interest<br> rate swap — — 4,276,938 376,933 1,619,583 2,249,606 6,979,438 5,133,205 7,318,311 7,253,517 4,357,378 4,172,518 4,013,100 4,250,312 28,564,748 23,436,091 493,793 732,395
Interest<br> rate and cross currency swap — — 335,797 107,571 589,851 249,871 1,527,748 2,198,760 2,080,035 2,164,528 2,484,443 1,449,064 2,719,924 2,686,049 9,737,798 8,855,843 1,119,266 1,338,086
Call<br> currency options — — 9,859 11,551 29,472 42,692 29,373 57,908 — 11,340 — — — — 68,704 123,491 775 4,949
Put<br> currency options — — 7,650 10,208 9,699 16,989 14,877 23,301 — — — — — — 32,226 50,498 405 253
Total — — 11,168,375 3,795,822 4,178,610 4,271,432 12,950,175 10,002,452 10,011,386 10,345,401 6,861,286 5,648,157 6,733,024 6,940,803 51,902,856 41,004,067 1,766,262 2,303,353 
62
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
8. Financial Assets Held for Trading at Fair Value through Profit or Loss, continued:
b) The<br>detail of the Debt Financial Instruments is the following:
--- ---
September December
--- --- --- --- ---
2025 2024
MCh$ MCh$
Instruments issued by the Chilean Government and Central Bank of Chile
Debt financial instruments from the Central Bank of Chile 2,543,013 1,217,317
Bonds and Promissory notes from the General Treasury of the Republic 489,953 278,140
Other fiscal debt financial instruments — —
Other Instruments Issued in Chile
Debt financial instruments from other domestic banks 164,847 217,948
Bonds and trade effects from domestic companies — —
Other debt financial instruments issued in the country — —
Instruments Issued Abroad
Financial instruments from foreign governments or Central Banks — 2
Financial debt instruments from foreign goverments and fiscal entities — 974
Debt financial instruments from other foreign banks — —
Bonds and trade effects from foreign companies — —
Total 3,197,813 1,714,381

Securities of the Chilean Government and Central Bank of Chile includes instruments sold under repurchase agreements to customers and financial institutions of Ch$12,943 million as of September 30, 2025 (Ch$10,038 million as of December 31, 2024). The repurchase agreements have an average maturity of 1 day as of September 30, 2025 (2 days in December 2024).

Other financial debt securities issued in Chile include instruments sold under repurchase agreements to customers and financial institutions of Ch$119,058 million as of September 30, 2025 (Ch$89,223 million in December 2024). The repurchase agreements have an average maturity of 5 days at the end of the period 2025 (7 days in December 2024).

Additionally, the Bank has investments in own-issued letters of credit for an amount equivalent to Ch$563 million as of September 30, 2025 (Ch$998 million in December 2024), which are presented as a reduction of the liability item “Debt Financial Instruments Issued”.

63
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
8. Financial Assets Held for Trading at Fair Value through Profit or Loss, continued:
--- ---
c) The<br>detail of other financial instruments is as follows:
--- ---
September December
--- --- --- --- ---
2025 2024
MCh$ MCh$
Mutual fund investments
Funds managed by related companies 400,052 408,121
Funds managed by third-party — —
Equity instruments
Domestic equity instruments 1,711 1,039
Foreign equity instruments — —
Loans originated and acquired by the entity — —
Others 2,151 2,529
Total 403,914 411,689
9. Non-trading Financial Assets mandatorily measured at Fair Value through Profit or Loss:
--- ---

As of September 30, 2025 and December 31, 2024, the Bank does not hold any non-trading financial assets mandatorily measured at fair value through profit or loss.

10. Financial Assets and Liabilities designated as at Fair Value through Profit or Loss:

As of September 30, 2025 and December 31, 2024, the Bank does not hold financial assets and liabilities designated as at fair value through profit or loss.

64
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
11. Financial<br>Assets at Fair Value through Other Comprehensive Income:
--- ---

The item detail is as follows:

September December
2025 2024
MCh$ MCh$
Debt Financial Instruments 3,283,820 2,088,345
Other financial instruments — —
Total 3,283,820 2,088,345
(a) As<br> of September 30, 2025 and December 31, 2024, the detail of debt financial instruments is<br> as follows:
--- ---
September December
--- --- --- --- ---
2025 2024
MCh$ MCh$
Instruments issued by the Chilean Government and Central Bank of Chile
Debt financial instruments from the Central Bank of Chile — —
Bonds and Promissory notes from the General Treasury of the Republic 1,314,214 660,321
Other fiscal debt financial instruments 189 456
Other Instruments Issued in Chile
Debt financial instruments from other domestic banks 1,876,500 1,321,030
Bonds and trade effects from domestic companies 54,768 54,600
Other debt financial instruments issued in the country — —
Instruments Issued Abroad
Financial instruments from foreign Central Banks — —
Financial instruments from foreign governments and fiscal entities 38,149 48,883
Debt financial instruments from other foreign banks — —
Bonds and trade effects from foreign companies — 3,055
Other debt financial instruments issued abroad — —
Total 3,283,820 2,088,345

Instruments issued by the Chilean Government and Central Bank of Chile include instruments sold under repurchase agreements to clients and financial institutions for an amount of Ch$15,546 million in September 2025 (Ch$10,001 million in December 2024). The repurchase agreements have an average maturity of 1 days in September 2025 (2 days in December 2024).

Under the same item, instruments that guarantee margins for cleared derivatives transactions are classified through Comder Contraparte Central S.A. for an amount of Ch$57,294 million as of September 30, 2025 (Ch$22,719 million as of December 31, 2024).

65
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
11. Financial Assets at Fair Value through Other Comprehensive Income, continued:
--- ---

As of September 30, 2025 the accumulated credit impairment for debt instruments at fair value through other comprehensive income amounted to Ch$5,787 million (Ch$4,226 million as of December 31, 2024).

(b) The<br> analysis of changes in fair value and expected losses from debt instruments measured at fair<br> value is detailed as follows:
Stage 1 Individual Stage 2 Individual Stage 3 Individual Total
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Fair value Impairment Fair value Impairment Fair value Impairment Fair value Impairment
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Balance as of January 1, 2024 3,786,525 5,500 — — — — 3,786,525 5,500
Net change in balance (1,694,790 ) (1,274 ) — — — — (1,694,790 ) (1,274 )
Change in fair value (3,390 ) — — — — — (3,390 ) —
Transfer to Stage 1 — — — — — — — —
Transfer to Stage 2 — — — — — — — —
Transfer to Stage 3 — — — — — — — —
Impact due to transfer between Stages — — — — — — — —
Net impact due to impairment — — — — — — — —
Balance as of December 31, 2024 2,088,345 4,226 — — — — 2,088,345 4,226
Balance as of January 1, 2025 2,088,345 4,226 — — — — 2,088,345 4,226
Net change in balance 1,188,338 1,561 — — — — 1,188,338 1,561
Change in fair value 7,137 — — — — — 7,137 —
Transfer to Stage 1 — — — — — — — —
Transfer to Stage 2 — — — — — — — —
Transfer to Stage 3 — — — — — — — —
Impact due to transfer between stages — — — — — — — —
Net impact of impairment — — — — — — — —
Balance as of September 30, 2025 3,283,820 5,787 — — — — 3,283,820 5,787
(c) Realized<br> and unrealized gains and losses:

As of September 30, 2025, the portfolio of debt financial instruments includes an accumulated unrealized gain of Ch$13,176 million (unrealized gain of Ch$4,478 million as of December 31, 2024), recorded as an equity valuation adjustment.

Gross realized gains and losses on the sale of debt financial instruments, as of September 30, 2025 and 2024 are reported under “Net Financial income (expense)” (See Note 33).

The changes in realized gains and losses at the end of both periods are detailed as follows:

September September
2025 2024
MCh$ MCh$
Unrealized gains (losses) 21,846 18,919
Realized losses (gains) reclassified to income (13,148 ) (8,073 )
Subtotal 8,698 10,846
Income tax on other comprehensive income (851 ) (1,732 )
Net effect on equity 7,847 9,114 
66
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
12. Derivative<br>Financial Instruments for hedging purposes:
--- ---

(a.1) As of September 30, 2025 and December 31, 2024, the Bank has the following asset portfolio of financial derivative instruments for accounting hedging purposes:

**** **** Notional amount of contract with final expiration date in **** **** **** **** **** **** ****
**** **** Demand **** **** Up to 1 month **** **** Over 1 month and up to 3 months **** **** Over 3 months and up to 12 months **** **** Over 1 year and up to 3 years **** **** Over 3 year and up to 5 years **** **** Over 5 years **** **** Total **** **** Fair value<br> <br>Assets ****
**** **** September **** **** December **** **** September **** **** December **** **** September **** **** December **** **** September **** **** December **** **** September **** **** December **** **** September **** **** December **** **** September **** **** December **** **** September **** **** December **** **** September **** **** December ****
**** **** 2025 **** **** 2024 **** **** 2025 **** **** 2024 **** **** 2025 **** **** 2024 **** **** 2025 **** **** 2024 **** **** 2025 **** **** 2024 **** **** 2025 **** **** 2024 **** **** 2025 **** **** 2024 **** **** 2025 **** **** 2024 **** **** 2025 **** **** 2024 ****
**** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ ****
Derivatives<br> held for fair value hedges — — — — — — — — — — — — — — — — — —
Cash<br> flow hedge derivatives
Interest<br> rate swap and cross currency swap — — 48,023 — — — — 131,987 317,613 274,935 125,445 122,041 323,515 306,460 814,596 835,423 69,057 73,959
Total — — 48,023 — — — — 131,987 317,613 274,935 125,445 122,041 323,515 306,460 814,596 835,423 69,057 73,959

(a.2) As of September 30, 2025 and December 31, 2024, the Bank has the following debt portfolio of financial derivative instruments for accounting hedging purposes:

**** **** Notional amount of contract with final expiration date in **** **** **** ****
**** **** Demand **** **** Up to 1 month **** **** Over 1 month and up to 3 months **** **** Over 3 months and up to 12 months **** **** Over 1 year and up to 3 years **** **** Over 3 year and up to 5 years **** **** Over 5 years **** **** Total **** **** Fair value<br> <br>Liabilities ****
**** **** September **** **** December **** **** September **** **** December **** **** September **** **** December **** **** September **** **** December **** **** September **** **** December **** **** September **** **** December **** **** September **** **** December **** **** September **** **** December **** **** September **** **** December ****
**** **** 2025 **** **** 2024 **** **** 2025 **** **** 2024 **** **** 2025 **** **** 2024 **** **** 2025 **** **** 2024 **** **** 2025 **** **** 2024 **** **** 2025 **** **** 2024 **** **** 2025 **** **** 2024 **** **** 2025 **** **** 2024 **** **** 2025 **** **** 2024 ****
**** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ ****
Derivatives<br> held for fair value hedges — — — — — — — — — — — — — — — — — —
Cash<br> flow hedge derivatives
Interest<br> rate swap and cross currency swap — — 131,754 — 55,207 — — 134,806 — 34,060 253,017 132,265 1,007,356 875,618 1,447,334 1,176,749 184,481 141,040
Total — — 131,754 — 55,207 — — 134,806 — 34,060 253,017 132,265 1,007,356 875,618 1,447,334 1,176,749 184,481 141,040 
67
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
12. Derivative Financial Instruments for hedging purposes, continued:
--- ---
(b) Fairvalue Hedges:

As of September 30, 2025 and December 31, 2024, no fair value hedges are held.

(c) Cashflow Hedges:
(c.1) The<br> Bank uses cross currency swaps to hedge the risk from variability of cash flows attributable<br> to changes in the interest rates and foreign exchange of foreign banks obligations and bonds<br> issued abroad in US Dollars, Hong Kong dollars, Swiss Franc, Japanese Yens, Peruvian Sol,<br> Australian Dollars, Euros, Norwegian kroner and Mexican peso. The cash flows of the cross<br> currency swaps equal the cash flows of the hedged items, which modify uncertain cash flows<br> to known cash flows derived from a fixed interest rate.

Additionally, these cross currency swap contracts are used to hedge the risk from variability of the Unidad de Fomento (“CLF”) in assets flows denominated in CLF until a nominal amount equal to the portion notional of the hedging instrument CLF, whose readjustment impact the item “Interest Revenue” of the Statement of Income.

68
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
12. Derivative Financial Instruments for hedging purposes, continued:
--- ---
(c) Cashflow Hedges, continued:
--- ---
(c.2) Below<br> are the cash flows from bonds issued abroad objects of this hedge and the cash flows of the<br> asset part of the derivative instrument:
--- ---
Demand Up<br> to 1 month Over<br> 1 month and up to 3 months Over<br> 3 months and up to 12 months Over<br> 1 year and up to 3 years Over<br> 3 years and up to 5 years Over<br> 5 years Total
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
September December September December September December September December September December September December September December September December
2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Hedge element
Outflows:
Corporate<br> Bond — — (84,056 ) (472 ) (67,653 ) (7,576 ) (38,063 ) (213,764 ) (461,224 ) (444,033 ) (487,346 ) (357,141 ) (1,400,514 ) (1,297,164 ) (2,538,856 ) (2,320,150 )
Obligation — — (98,433 ) — — — — (104,466 ) — — — — — — (98,433 ) (104,466 )
Hedge<br> instrument
Inflows:
Cross<br> Currency Swap — — 182,489 472 67,653 7,576 38,063 318,230 461,224 444,033 487,346 357,141 1,400,514 1,297,164 2,637,289 2,424,616
Net<br> cash flows — — — — — — — — — — — — — — — —

All values are in US Dollars.

(c.3) Below<br> are the cash flows from underlying assets and the cash flows of the liability part of the<br> derivative instrument:
Demand Up<br> to 1 month Over<br> 1 month and up to 3 months Over<br> 3 months and up to 12 months Over<br> 1 year and up to 3 years Over<br> 3 years and up to 5 years Over<br> 5 years Total
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
September December September December September December September December September December September December September December September December
2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Hedge element
Inflows:
Cash<br> flows in CLF — — 187,416 1,588 65,759 2,804 29,409 306,543 393,399 377,477 442,344 304,794 1,420,802 1,280,412 2,539,129 2,273,618
Hedge<br> instrument
Outflows:
Cross<br> Currency Swap — — (187,416 ) (1,588 ) (65,759 ) (2,804 ) (29,409 ) (306,543 ) (393,399 ) (377,477 ) (442,344 ) (304,794 ) (1,420,802 ) (1,280,412 ) (2,539,129 ) (2,273,618 )
Net<br> cash flows — — — — — — — — — — — — — — — — 
69
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
12. Derivative Financial Instruments for hedging purposes, continued:
--- ---
(c) Cashflow Hedges, continued:
--- ---

With respect to UF assets hedged; these are revalued monthly according to the variation of the UF, which is equivalent to monthly reinvest the assets until maturity of the relationship hedging.

(c.4) The<br> unrealized results generated during the period 2025 by those derivative contracts that conform<br> the hedging instruments in this cash flow hedging strategy, have been recorded with charge<br> to equity amounting to Ch$14,892 million (charge to equity of Ch$22,719 million in September<br> 2024). The net effect of taxes charge to equity amounts to Ch$10,871 million (charge to equity<br> of Ch$16,585 million during the period 2024).

The accumulated balance for this concept as of September 30, 2025 corresponds to a charge in equity amounted to Ch$27,289 million (charge to equity of Ch$12,397 million as of December 2024).

(c.5) The<br> effect of the cash flow hedging derivatives that offset the result of the hedged instruments<br> corresponds to a charge to income of Ch$20,149 million during the period 2025 (charge to<br> results for Ch$6,257 million during September 2024).
(c.6) As<br> of September 30, 2025 and 2024, there is not any inefficiency in the cash flow hedge, because<br> both, hedged item and hedge instruments, are mirrors of each other, it means that all variation<br> of value attributable to rate and revaluation components are netted totally.
--- ---
(c.7) As<br> of September 30, 2025 and 2024, the Bank had no hedges of net investments in foreign businesses.
--- ---
13. Financial<br>assets at amortized cost:
--- ---

The item detail is as follows:

September December
2025 2024
MCh$ MCh$
Rights by resale agreements and securities lending 106,523 87,291
Debt financial instruments 458,332 944,074
Loans and advances to Banks 2,061,577 666,815
Loans to customers:
Commercial loans 20,220,411 20,105,228
Residential mortgage loans 13,845,219 13,218,586
Consumer loans 5,542,171 5,551,306
Provisions established for credit risk (*)
Commercial loans provisions (374,087 ) (380,295 )
Mortgage loans provisions (40,611 ) (38,400 )
Consumer loans provisions (406,039 ) (367,389 )
Total 41,413,496 39,787,216
(*) In<br>addition to these allowances for credit losses, country risk allowances are to cover foreign operations and additional allowances agreed<br>by the Board of Directors are maintained, which are presented in liabilities under the line item Special allowances for credit losses<br>(See Note 26).
--- --- 
70
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
13. Financial assets at amortized cost, continued:
--- ---
(a) Rights<br> by resale agreements and securities lending:
--- ---

The Bank provides financing to its customers through resale agreements and securities lending, in which the financial instrument serves as collateral. As of September 30, 2025 and December 31, 2024, the detail is as follows:

September December
2025 2024
MCh$ MCh$
Transaction with domestic banks — —
Transaction with foreign banks — —
Transaction with other domestic entities
Resale agreements 106,523 87,291
Rights by securities lending — —
Transaction with other foreign entities — —
Accumulated Impairment Value of Financial Assets at Amortized Cost - Rights by resale agreements and securities lending — —
Total 106,523 87,291

The Bank and its subsidiaries have received financial instruments that they can sell or give as collateral in case the owner of these instruments enters into default or in bankruptcy. As of September 30, 2025, the fair value of the instruments received amounts to Ch$106,422 million (Ch$87,157 million in December 2024).

(b) Debt<br> financial instruments:

At the end of each period, the balances presented under this item are as follows:

September December
2025 2024
MCh$ MCh$
Instruments issued by the Chilean Government and Central Bank of Chile
Debt financial instruments from the Central Bank of Chile — —
Bonds and promissory notes from the General Treasury of the Republic 458,353 944,109
Other fiscal debt financial instruments — —
Other Financial Instruments issued in Chile — —
Financial Instruments issued Abroad — —
Accumulated Impairment Value of Financial Assets at Amortized Cost Debt Financial Instruments
Financial assets with no significant increase in credit risk since initial recognition (stage 1) (21 ) (35 )
Financial assets with a significant increase in credit risk since initial recognition, but without credit impairment (stage 2) — —
Financial assets with credit impairment (stage 3) — —
Total 458,332 944,074 
71
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
13. Financial assets at amortized cost, continued:
--- ---
(c) Loans<br> and advances to Banks: At the end of each period, the balances presented under this item<br> are as follows:
--- ---
Assets before allowances Allowances established
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Normal Portfolio Substandard Portfolio Non-performing Portfolio Normal Portfolio Substandard Portfolio Non-performing Portfolio Net
Individual Individual Individual Individual Individual Individual Financial
As of September 30, 2025 Evaluation Evaluation Evaluation Total Evaluation Evaluation Evaluation Total Asset
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Domestic Banks
Interbank loans for liquidity 300,000 — — 300,000 (154 ) — — (154 ) 299,846
Interbank loans commercial — — — — — — — — —
Current accounts overdrafts — — — — — — — — —
Chilean exports foreign trade loans — — — — — — — — —
Chilean imports foreign trade loans — — — — — — — — —
Credits with third countries — — — — — — — — —
Non-transferable deposits in domestic banks — — — — — — — — —
Other debts with domestic banks — — — — — — — — —
Foreign Banks
Interbank loans for liquidity — — — — — — — — —
Interbank loans commercial 215,781 — — 215,781 (472 ) — — (472 ) 215,309
Current accounts overdrafts — — — — — — — — —
Chilean exports foreign trade loans 146,605 — — 146,605 (183 ) — — (183 ) 146,422
Chilean imports foreign trade loans — — — — — — — — —
Credits with third countries — — — — — — — — —
Current account deposits with foreign banks for derivatives transactions — — — — — — — — —
Other non-transferable deposits with foreign banks — — — — — — — — —
Other debts with foreign banks — — — — — — — — —
Subtotal Domestic Bank and Foreign 662,386 — — 662,386 (809 ) — — (809 ) 661,577
Central Bank of Chile
Current account deposits for derivative transactions with a central counterparty — — — — — — — — —
Other deposits not available 1,400,000 — — 1,400,000 — — — — 1,400,000
Other receivables — — — — — — — — —
Foreign Central Banks
Current account deposits for derivatives transactions — — — — — — — — —
Other foreign deposits not available — — — — — — — — —
Other foreign receivables — — — — — — — — —
Subtotal Central Bank of Chile and Foreign Central Banks 1,400,000 — — 1,400,000 — — — — 1,400,000
Total 2,062,386 — — 2,062,386 (809 ) — — (809 ) 2,061,577 
72
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
13. Financialassets at amortized cost, continued:
--- ---
(c) Loans<br>and advances to Banks, continued:
--- ---
Assets before allowances Allowances established
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Normal Portfolio Substandard Portfolio Non-performing Portfolio Normal Portfolio Substandard Portfolio Non-performing Portfolio Net
Individual Individual Individual Individual Individual Individual Financial
As of December 31, 2024 Evaluation Evaluation Evaluation Total Evaluation Evaluation Evaluation Total Asset
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Domestic Banks
Interbank loans for liquidity 300,042 — — 300,042 (154 ) — — (154 ) 299,888
Interbank loans commercial — — — — — — — — —
Current accounts overdrafts — — — — — — — — —
Chilean exports foreign trade loans — — — — — — — — —
Chilean imports foreign trade loans — — — — — — — — —
Credits with third countries — — — — — — — — —
Non-transferable deposits in domestic banks — — — — — — — — —
Other debts with domestic banks — — — — — — — — —
Foreign Banks
Interbank loans for liquidity — — — — — — — — —
Interbank loans commercial 269,191 — — 269,191 (589 ) — — (589 ) 268,602
Current accounts overdrafts — — — — — — — — —
Chilean exports foreign trade loans 98,470 — — 98,470 (145 ) — — (145 ) 98,325
Chilean imports foreign trade loans — — — — — — — — —
Credits with third countries — — — — — — — — —
Current account deposits with foreign banks for derivatives transactions — — — — — — — — —
Other non-transferable deposits with foreign banks — — — — — — — — —
Other debts with foreign banks — — — — — — — — —
Subtotal Domestic Bank and Foreign 667,703 — — 667,703 (888 ) — — (888 ) 666,815
Central Bank of Chile
Current account deposits for derivative transactions with a central counterparty — — — — — — — — —
Other deposits not available — — — — — — — — —
Other receivables — — — — — — — — —
Foreign Central Banks
Current account deposits foreign for derivatives transactions — — — — — — — — —
Other foreign deposits not available — — — — — — — — —
Other foreign receivables — — — — — — — — —
Subtotal Central Bank of Chile and Foreign Central Banks — — — — — — — — —
Total 667,703 — — 667,703 (888 ) — — (888 ) 666,815 
73
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
13. Financialassets at amortized cost, continued:
--- ---
(d) Loans<br> to customers: at the end of each period, the balances presented under this line item are<br> detailed as follows:
--- ---
Assets before allowances Allowances established
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Loans to Customers Normal Portfolio <br> Evaluation Substandard<br> Portfolio<br> Evaluation Non-performing<br> Portfolio <br> Evaluation Normal Portfolio <br> Evaluation Substandard<br> Portfolio <br> Evaluation Non-performing<br> Portfolio <br> Evaluation Deductible <br> guarantees <br> Fogape Net Financial
as of September 30, 2025 Individual Group Individual Individual Group Total Individual Group Individual Individual Group Sub Total Covid-19 Total Asset
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Commercial loans
Commercial loans 10,875,087 3,859,147 177,388 220,782 348,722 15,481,126 (87,988 ) (27,811 ) (2,419 ) (58,337 ) (75,736 ) (252,291 ) (1,303 ) (253,594 ) 15,227,532
Chilean exports foreign trade loans 984,526 2,722 14,551 12,089 240 1,014,128 (24,037 ) (61 ) (2,396 ) (1,907 ) (137 ) (28,538 ) — (28,538 ) 985,590
Accrediting foreign trade loans negotiated in terms of Chilean imports 83 — — — — 83 (18 ) — — — — (18 ) — (18 ) 65
Chilean imports foreign trade loans 537,599 45,943 5,520 5,474 2,318 596,854 (21,923 ) (1,349 ) (844 ) (4,006 ) (1,318 ) (29,440 ) — (29,440 ) 567,414
Foreign trade credits for operations with to third countries 121 — — — — 121 — — — — — — — — 121
Current account debtors 123,619 92,062 5,150 4,312 2,047 227,190 (3,779 ) (2,200 ) (531 ) (2,270 ) (946 ) (9,726 ) — (9,726 ) 217,464
Credit card debtors 29,435 87,693 1,130 1,259 11,752 131,269 (1,204 ) (2,916 ) (154 ) (869 ) (6,430 ) (11,573 ) — (11,573 ) 119,696
Factoring transactions 607,495 31,336 3,746 105 11 642,693 (11,774 ) (719 ) (383 ) (78 ) (4 ) (12,958 ) — (12,958 ) 629,735
Commercial lease transactions (1) 1,680,976 296,412 29,939 40,183 13,962 2,061,472 (3,748 ) (1,933 ) (120 ) (10,844 ) (2,400 ) (19,045 ) (248 ) (19,293 ) 2,042,179
Student loans — 46,166 — — 3,161 49,327 — (2,041 ) — — (2,209 ) (4,250 ) — (4,250 ) 45,077
Other loans and accounts receivable 8,634 867 323 5,077 1,247 16,148 (255 ) (15 ) (70 ) (3,968 ) (389 ) (4,697 ) — (4,697 ) 11,451
Subtotal 14,847,575 4,462,348 237,747 289,281 383,460 20,220,411 (154,726 ) (39,045 ) (6,917 ) (82,279 ) (89,569 ) (372,536 ) (1,551 ) (374,087 ) 19,846,324
Residential mortgage loans
Mortgage loans secured by housing letters of credit — 833 — — 116 949 — (2 ) — — (7 ) (9 ) — (9 ) 940
Endorsable mortgage mutual loans — 8,951 — — 336 9,287 — (8 ) — — (25 ) (33 ) — (33 ) 9,254
Loans with mutual funds financed by mortgage bonds — — — — — — — — — — — — — — —
Other mutual loans for housing — 13,296,033 — — 375,527 13,671,560 — (15,259 ) — — (24,108 ) (39,367 ) — (39,367 ) 13,632,193
Lease transactions for housing (1) — — — — — — — — — — — — — — —
Other loans and accounts receivable — 152,320 — — 11,103 163,423 — (210 ) — — (992 ) (1,202 ) — (1,202 ) 162,221
Subtotal — 13,458,137 — — 387,082 13,845,219 — (15,479 ) — — (25,132 ) (40,611 ) — (40,611 ) 13,804,608
Consumer loans
Consumer loans in installments — 3,074,745 — — 234,168 3,308,913 — (143,194 ) — — (128,356 ) (271,550 ) — (271,550 ) 3,037,363
Current account debtors — 272,151 — — 13,977 286,128 — (16,649 ) — — (8,031 ) (24,680 ) — (24,680 ) 261,448
Credit card debtors — 1,909,682 — — 35,022 1,944,704 — (88,812 ) — — (20,208 ) (109,020 ) — (109,020 ) 1,835,684
Consumer lease transactions (1) — 1,051 — — — 1,051 — (32 ) — — — (32 ) — (32 ) 1,019
Other loans and accounts receivable — 24 — — 1,351 1,375 — (8 ) — — (749 ) (757 ) — (757 ) 618
Subtotal — 5,257,653 — — 284,518 5,542,171 — (248,695 ) — — (157,344 ) (406,039 ) — (406,039 ) 5,136,132
Total 14,847,575 23,178,138 237,747 289,281 1,055,060 39,607,801 (154,726 ) (303,219 ) (6,917 ) (82,279 ) (272,045 ) (819,186 ) (1,551 ) (820,737 ) 38,787,064
(1) In<br>this item, the Bank finances for its customers the acquisition of movable and immovable property through financial lease contracts. As<br>of September 30, 2025, Ch$1,039,984 million correspond to finance leases on real estate assets and Ch$1,022,539 million correspond to<br>finance leases on movable property. 
74
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
13. Financialassets at amortized cost, continued:
--- ---
(d) Loans<br>to Customers, continued:
--- ---
Assets before allowances Allowances established
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Loans to Customers Normal Portfolio <br> Evaluation Substandard<br> Portfolio<br> Evaluation Non-performing<br> Portfolio <br> Evaluation Normal Portfolio <br> Evaluation Substandard<br> Portfolio <br> Evaluation Non-performing<br> Portfolio <br> Evaluation Deductible <br> guarantees <br> Fogape Net Financial
As<br> of December 31, 2024 Individual Group Individual Individual Group Total Individual Group Individual Individual Group Sub Total Covid-19 Total Asset
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Commercial loans
Commercial<br> loans 10,512,364 3,835,557 194,728 219,467 350,892 15,113,008 (96,621 ) (25,815 ) (2,150 ) (62,373 ) (75,510 ) (262,469 ) (2,764 ) (265,233 ) 14,847,775
Chilean<br> exports foreign trade loans 1,428,828 3,006 7,008 10,473 395 1,449,710 (21,952 ) (79 ) (443 ) (1,783 ) (208 ) (24,465 ) — (24,465 ) 1,425,245
Accrediting<br> foreign trade loans negotiated in terms of Chilean imports 162 — — — — 162 (15 ) — — — — (15 ) — (15 ) 147
Chilean<br> imports foreign trade loans 503,824 46,538 5,694 3,203 3,038 562,297 (21,019 ) (1,255 ) (799 ) (2,064 ) (1,722 ) (26,859 ) — (26,859 ) 535,438
Foreign<br> trade credits for operations with to third countries — — — — — — — — — — — — — — —
Current<br> account debtors 97,422 87,836 5,269 4,051 2,241 196,819 (2,672 ) (2,102 ) (497 ) (2,102 ) (1,062 ) (8,435 ) — (8,435 ) 188,384
Credit<br> card debtors 25,500 84,721 1,120 1,441 10,968 123,750 (1,061 ) (2,910 ) (157 ) (917 ) (5,999 ) (11,044 ) — (11,044 ) 112,706
Factoring<br> transactions 555,766 36,830 4,114 27 175 596,912 (10,887 ) (787 ) (292 ) (25 ) (63 ) (12,054 ) — (12,054 ) 584,858
Commercial<br> lease transactions (1) 1,614,628 296,248 28,243 37,964 13,941 1,991,024 (3,808 ) (2,086 ) (99 ) (10,831 ) (2,967 ) (19,791 ) (397 ) (20,188 ) 1,970,836
Student<br> loans — 48,804 — — 3,476 52,280 — (2,148 ) — — (2,417 ) (4,565 ) — (4,565 ) 47,715
Other<br> loans and accounts receivable 8,764 965 121 8,141 1,275 19,266 (300 ) (18 ) (11 ) (6,620 ) (488 ) (7,437 ) — (7,437 ) 11,829
Subtotal 14,747,258 4,440,505 246,297 284,767 386,401 20,105,228 (158,335 ) (37,200 ) (4,448 ) (86,715 ) (90,436 ) (377,134 ) (3,161 ) (380,295 ) 19,724,933
Residential<br> mortgage loans
Mortgage<br> loans secured by housing letters of credit — 1,267 — — 123 1,390 — (2 ) — — (7 ) (9 ) — (9 ) 1,381
Endorsable<br> mortgage mutual loans — 10,603 — — 446 11,049 — (7 ) — — (39 ) (46 ) — (46 ) 11,003
Loans<br> with mutual funds financed by mortgage bonds — — — — — — — — — — — — — — —
Other<br> mutual loans for housing — 12,714,211 — — 327,154 13,041,365 — (15,623 ) — — (21,520 ) (37,143 ) — (37,143 ) 13,004,222
Lease<br> transactions for housing (1) — — — — — — — — — — — — — — —
Other<br> loans and accounts receivable — 154,542 — — 10,240 164,782 — (227 ) — — (975 ) (1,202 ) — (1,202 ) 163,580
Subtotal — 12,880,623 — — 337,963 13,218,586 — (15,859 ) — — (22,541 ) (38,400 ) — (38,400 ) 13,180,186
Consumer<br> loans
Consumer<br> loans in installments — 3,007,298 — — 246,349 3,253,647 — (137,888 ) — — (142,358 ) (280,246 ) — (280,246 ) 2,973,401
Current<br> account debtors — 270,268 — — 13,657 283,925 — (12,566 ) — — (5,433 ) (17,999 ) — (17,999 ) 265,926
Credit<br> card debtors — 1,981,073 — — 30,976 2,012,049 — (49,598 ) — — (18,229 ) (67,827 ) — (67,827 ) 1,944,222
Consumer<br> lease transactions (1) — 320 — — — 320 — (4 ) — — — (4 ) — (4 ) 316
Other<br> loans and accounts receivable — 4 — — 1,361 1,365 — (1 ) — — (1,312 ) (1,313 ) — (1,313 ) 52
Subtotal — 5,258,963 — — 292,343 5,551,306 — (200,057 ) — — (167,332 ) (367,389 ) — (367,389 ) 5,183,917
Total 14,747,258 22,580,091 246,297 284,767 1,016,707 38,875,120 (158,335 ) (253,116 ) (4,448 ) (86,715 ) (280,309 ) (782,923 ) (3,161 ) (786,084 ) 38,089,036
(1) In<br> this item, the Bank finances for its customers the acquisition of movable and immovable property<br> through financial lease contracts. As of December 31, 2024, Ch$992,848 million correspond<br> to finance leases on real estate assets and Ch$998,496 million correspond to finance leases<br> on movable property. 
75
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
13. Financial assets at amortized cost, continued:
--- ---
(e) Contingent<br> loan: At the close of each reporting period, the contingent credit risk exposure is as follows:
**** **** **** Outstanding exposure before provisions **** **** **** Provisions established **** **** **** Net exposure ****
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
**** **** **** Normal Portfolio Evaluation **** **** **** Substandard Portfolio Evaluation **** **** **** Non-performing Portfolio Evaluation **** **** **** **** **** **** **** Normal Portfolio Evaluation **** **** **** Substandard Portfolio Evaluation **** **** **** Non-performing Portfolio Evaluation **** **** **** **** **** **** **** for credit risk of contingent ****
As of September 30, 2025 **** **** Individual **** **** **** Group **** **** **** Individual **** **** **** Individual **** **** **** Group **** **** **** Total **** **** **** Individual **** **** **** Group **** **** **** Individual **** **** **** Individual **** **** **** Group **** **** **** Total **** **** **** loans
**** **** MCh$ **** **** **** MCh$ **** **** **** MCh$ **** **** **** MCh$ **** **** MCh$ **** **** **** MCh$ **** **** MCh$ **** **** **** MCh$ **** **** **** MCh$ **** **** **** MCh$ **** **** **** MCh$ **** **** **** MCh$ **** **** **** MCh$
Guarantees and sureties 371,813 574 — — — 372,387 (5,298 ) (4 ) — — — (5,302 ) 367,085
Letters of credit for goods circulation operations 602,469 368 402 — — 603,239 (1,054 ) (2 ) (14 ) — — (1,070 ) 602,169
Debt purchase commitments in local currency abroad — — — — — — — — — — — — —
Transactions related to contingent events 2,798,423 64,019 36,329 11,999 555 2,911,325 (28,714 ) (658 ) (2,886 ) (4,644 ) (245 ) (37,147 ) 2,874,178
Undrawn credit lines with immediate termination 1,539,252 10,054,129 5,822 1,183 6,969 11,607,355 (2,756 ) (33,259 ) (75 ) (721 ) (3,862 ) (40,673 ) 11,566,682
Undrawn credit lines — — — — — — — — — — — — —
Other irrevocable loan commitments 61,184 — — — — 61,184 (1,494 ) — — — — (1,494 ) 59,690
Other contingent loans — — — — — — — — — — — — —
Total 5,373,141 10,119,090 42,553 13,182 7,524 15,555,490 (39,316 ) (33,923 ) (2,975 ) (5,365 ) (4,107 ) (85,686 ) 15,469,804
**** **** **** Outstanding exposure before provisions **** **** **** Provisions established **** **** **** Net exposure ****
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
**** **** **** Normal Portfolio Evaluation **** **** **** Substandard Portfolio Evaluation **** **** **** Non-performing Portfolio Evaluation **** **** **** **** **** **** **** Normal Portfolio Evaluation **** **** **** Substandard Portfolio Evaluation **** **** **** Non-performing Portfolio Evaluation **** **** **** **** **** **** **** for credit risk of contingent ****
As of December 31, 2024 **** **** Individual **** **** **** Group **** **** **** Individual **** **** **** Individual **** **** **** Group **** **** **** Total **** **** **** Individual **** **** **** Group **** **** **** Individual **** **** **** Individual **** **** **** Group **** **** **** Total **** **** **** loans
**** **** MCh$ **** **** **** MCh$ **** **** **** MCh$ **** **** **** MCh$ **** **** MCh$ **** **** **** MCh$ **** **** MCh$ **** **** **** MCh$ **** **** **** MCh$ **** **** **** MCh$ **** **** **** MCh$ **** **** **** MCh$ **** **** **** MCh$
Guarantees and sureties 335,420 705 597 15 — 336,737 (4,855 ) (8 ) (83 ) (10 ) — (4,956 ) 331,781
Letters of credit for goods circulation operations 441,899 240 77 — — 442,216 (1,037 ) — (2 ) — — (1,039 ) 441,177
Debt purchase commitments in local currency abroad — — — — — — — — — — — — —
Transactions related to contingent events 3,002,848 64,429 33,791 23,155 403 3,124,626 (30,827 ) (669 ) (2,736 ) (13,595 ) (153 ) (47,980 ) 3,076,646
Undrawn credit lines with immediate termination 1,516,269 9,594,526 5,762 1,333 7,410 11,125,300 (2,916 ) (4,666 ) (73 ) (795 ) (3,539 ) (11,989 ) 11,113,311
Undrawn credit lines — — — — — — — — — — — — —
Other irrevocable loan commitments 51,889 — — — — 51,889 (1,573 ) — — — — (1,573 ) 50,316
Other contingent loans — — — — — — — — — — — — —
Total 5,348,325 9,659,900 40,227 24,503 7,813 15,080,768 (41,208 ) (5,343 ) (2,894 ) (14,400 ) (3,692 ) (67,537 ) 15,013,231 
76
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
13. Financial assets at amortized cost, continued:
--- ---
(f) Allowances:

Summary of changes in due from banks provisions constituted by credit risk portfolio in the period:

Changes in allowances established by portfolio in the period
Individual Evaluation
Normal<br> Portfolio Substandard<br> Portfolio Non-performing<br> Portfolio Total
MCh$ MCh$ MCh$ MCh$
Loans and advances to Banks
Balance as of January 1, 2025 888 — — 888
Allowances established/ released:
Change in measurement without portfolio reclassification during the period (62 ) — — (62 )
Change in measurement without portfolio reclassification from the beginning to the end of the period (portfolio from (-) until (+)):
Transfer from Normal individual to Substandard — — — —
Transfer from Normal individual to Non-performing individual — — — —
Transfer from Substandard to Non-performing individual — — — —
Transfer from Substandard to Normal individual — — — —
Transfer from Non-performing individual to Substandard — — — —
Transfer from Non-performing individual to Normal individual — — — —
New credits originated 1,614 — — 1,614
New credits for conversion of contingent to loan — — — —
New credits purchased — — — —
Sales or transfers of credits — — — —
Payment of credit (2,010 ) — — (2,010 )
Provisions for write-offs — — — —
Recovery of written-off loans — — — —
Foreign exchange differences (28 ) — — (28 )
Other changes in allowances 407 — — 407
Balance as of September 30, 2025 809 — — 809
Changes in allowances established by portfolio in the year
--- --- --- --- --- --- --- --- --- --- ---
Individual Evaluation
Normal<br> Portfolio Substandard<br> Portfolio Non-performing<br> Portfolio Total
MCh$ MCh$ MCh$ MCh$
Loans and advances to Banks
Balance as of January 1, 2024 751 — — 751
Allowances established/ released:
Change in measurement without portfolio reclassification during the year 75 — — 75
Change in measurement without portfolio reclassification from the beginning to the end of the year (portfolio from (-) until (+)):
Transfer from Normal individual to Substandard — — — —
Transfer from Normal individual to Non-performing individual — — — —
Transfer from Substandard to Non-performing individual — — — —
Substandard up to individual regular — — — —
Transfer from Non-performing individual to Substandard — — — —
Transfer from Non-performing individual to Normal individual — — — —
New credits originated 1,606 — — 1,606
New credits for conversion of contingent to loan — — — —
New credits purchased — — — —
Sales or transfers of credits — — — —
Payment of credit (2,540 ) — — (2,540 )
Provisions for write-offs — — — —
Recovery of written-off loans — — — —
Foreign exchange differences 114 — — 114
Other changes in allowances 882 — — 882
Balance as of December 31, 2024 888 — — 888 
77
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
13. Financial assets at amortized cost, continued:
--- ---
(f) Allowances,<br> continued:

Summary of changes in commercial loan provisions constituted by credit risk portfolio in the period:

Changes in allowances established by portfolio in the period
Normal Portfolio<br> Evaluation Substandard<br> Portfolio<br> Evaluation Non-performing Portfolio<br> Evaluation Sub Deductible<br> guarantees<br> Fogape
Individual Group Individual Individual Group total Covid-19 Total
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Commercial loans
Balance as of January 1, 2025 158,335 37,200 4,448 86,715 90,436 377,134 3,161 380,295
Allowance established/ released:
Change in measurement without portfolio reclassification during the period (3,374 ) 15,999 1,529 8,471 4,295 26,920 — 26,920
Change in measurement without portfolio reclassification from the beginning to the end of the period (portfolio from (-) until (+)):
Transfer from Normal individual to Substandard (2,510 ) — 5,116 — — 2,606 — 2,606
Transfer from Normal individual to Non-performing individual (95 ) — — 918 — 823 — 823
Transfer from Substandard to Non-performing individual — — (2,348 ) 8,363 — 6,015 — 6,015
Transfer from Substandard to Normal individual 344 — (580 ) — — (236 ) — (236 )
Transfer from Non-performing individual to Substandard — — 1 (11 ) — (10 ) — (10 )
Transfer from Non-performing individual to Normal individual 6 — — (104 ) — (98 ) — (98 )
Transfer from Normal group to Non-performing group — (10,756 ) — — 28,639 17,883 — 17,883
Transfer from Non-performing group to Normal group — 553 — — (8,076 ) (7,523 ) — (7,523 )
Transfer from Individual (normal, substandard, Non-performing) to Group (normal, Non-performing) — — — — — — — —
Transfer from Group (normal, Non-performing) to Individual (normal, substandard, Non-performing) 710 (739 ) 157 75 (144 ) 59 — 59
New credits originated 183,120 20,136 4,683 2,652 10,322 220,913 — 220,913
New credits for conversion of contingent to loan 11,646 7,604 834 1,271 898 22,253 — 22,253
New credits purchased — — — — — — — —
Sales or transfers of credits — — — — — — — —
Payment of credit (191,794 ) (30,920 ) (6,899 ) (15,329 ) (18,544 ) (263,486 ) — (263,486 )
Provisions for write-offs — — — (10,331 ) (18,293 ) (28,624 ) — (28,624 )
Recovery of written-off loans — 13 — — 116 129 — 129
Changes to models and assumptions — — — — — — — —
Foreign exchange differences (1,662 ) (45 ) (24 ) (411 ) (80 ) (2,222 ) — (2,222 )
Other changes in allowances — — — — — — (1,610 ) (1,610 )
Balance as of September 30, 2025 154,726 39,045 6,917 82,279 89,569 372,536 1,551 374,087 
78
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
13. Financial assets at amortized cost, continued:
--- ---
(f) Allowances,<br> continued:
Changes in allowances established by portfolio in the year
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Normal Portfolio<br> Evaluation Substandard<br> Portfolio<br> Evaluation Non-performing<br> Portfolio<br> Evaluation Sub Deductible<br> guarantees<br> Fogape
Individual Group Individual Individual Group total Covid-19 Total
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Commercial loans
Balance as of January 1, 2024 148,685 36,590 9,317 74,645 87,837 357,074 9,131 366,205
Allowance established/ released:
Change in measurement without portfolio reclassification during the year 12,273 23,728 2,975 30,966 9,947 79,889 — 79,889
Change in measurement without portfolio reclassification from the beginning to the end of the year (portfolio from (-) until (+)):
Transfer from Normal individual to Substandard (2,926 ) — 4,955 — — 2,029 — 2,029
Transfer from Normal individual to Non-performing individual (311 ) — — 2,348 — 2,037 — 2,037
Transfer from Substandard to Non-performing individual — — (6,562 ) 17,295 — 10,733 — 10,733
Transfer from Substandard to Normal individual 438 — (676 ) — — (238 ) — (238 )
Transfer from Non-performing individual to Substandard — — 279 (2,159 ) — (1,880 ) — (1,880 )
Transfer from Non-performing individual to Normal individual 5 — — (34 ) — (29 ) — (29 )
Transfer from Normal group to Non-performing group — (16,109 ) — — 43,775 27,666 — 27,666
Transfer from Non-performing group to Normal group — 646 — — (9,551 ) (8,905 ) — (8,905 )
Transfer from Individual (normal, substandard, Non-performing) to Group (normal, Non-performing) — — — — — — — —
Transfer from Group (normal, non-performing) to Individual (normal, substandard, non-performing) 677 (958 ) 343 223 (146 ) 139 — 139
New credits originated 225,544 24,756 5,359 19,371 16,253 291,283 — 291,283
New credits for conversion of contingent to loan 13,527 9,197 1,178 2,067 1,090 27,059 — 27,059
New credits purchased — — — — — — — —
Sales or transfers of  credits (46 ) (163 ) — (240 ) — (449 ) — (449 )
Payment of credit (247,038 ) (40,754 ) (12,902 ) (34,187 ) (30,359 ) (365,240 ) — (365,240 )
Provisions for write-offs — — — (25,666 ) (28,663 ) (54,329 ) — (54,329 )
Recovery of written-off loans — 87 — — — 87 — 87
Changes to models and assumptions — — — — — — — —
Foreign exchange differences 7,507 180 182 2,086 253 10,208 — 10,208
Other changes in allowances — — — — — — (5,970 ) (5,970 )
Balance as of December 31, 2024 158,335 37,200 4,448 86,715 90,436 377,134 3,161 380,295 
79
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
13. Financial assets at amortized cost, continued:
--- ---
(f) Allowances,<br>continued:

Summary of changes in residential allowances for mortgage loans established by credit risk portfolio in the period:

Changes in allowances established by<br><br>portfolio in the period
Group Evaluation
Normal<br><br>Portfolio Non-performing<br><br>Portfolio Total
MCh$ MCh$ MCh$
Residential mortgage loans
Balance as of January 1, 2025 15,859 22,541 38,400
Allowances established/ released:
Change in measurement without portfolio reclassification during the period 2,030 952 2,982
Change in measurement without portfolio reclassification from the beginning to the end of the period (portfolio from (-) until (+)):
Transfer from Normal group to Non-performing group (3,345 ) 7,653 4,308
Transfer from Non-performing group to Normal group 420 (1,610 ) (1,190 )
New credits originated 1,192 10 1,202
New credits purchased — — —
Sales or transfers of credits — — —
Payment of credit (677 ) (3,788 ) (4,465 )
Provisions for write-offs — (626 ) (626 )
Recovery of written-off loans — — —
Changes to models and assumptions — — —
Foreign exchange differences — — —
Other changes in allowances — — —
Balance as of September 30, 2025 15,479 25,132 40,611
Changes in allowances established by<br><br>portfolio in the year
--- --- --- --- --- --- --- --- --- ---
Group Evaluation
Normal<br><br>Portfolio Non-performing<br><br>Portfolio Total
MCh$ MCh$ MCh$
Residential mortgage loans
Balance as of January 1, 2024 16,188 17,818 34,006
Allowances established/ released:
Change in measurement without portfolio reclassification during the year 3,314 1,846 5,160
Change in measurement without portfolio reclassification from the beginning to the end of the year (portfolio from (-) until (+)):
Transfer from Normal group to Non-performing group (4,346 ) 9,780 5,434
Transfer from Non-performing group to Normal group 442 (1,819 ) (1,377 )
New credits originated 1,505 192 1,697
New credits purchased — — —
Sales or transfers of credits — — —
Payment of credit (1,244 ) (4,632 ) (5,876 )
Provisions for write-offs — (644 ) (644 )
Recovery of written-off loans — — —
Changes to models and assumptions — — —
Foreign exchange differences — — —
Other changes in allowances — — —
Balance as of December 31, 2024 15,859 22,541 38,400 
80
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
13. Financial assets at amortized cost, continued:
--- ---
(f) Allowances,<br>continued:

Summary of changes in allowances for consumer loans established by credit risk portfolio in the period:

Changes in allowances established by<br><br>portfolio in the period
Group Evaluation
Normal<br><br>Portfolio Non-performing<br><br>Portfolio Total
MCh$ MCh$ MCh$
Consumer loans
Balance as of January 1, 2025 200,057 167,332 367,389
Allowances established/ released:
Change in measurement without portfolio reclassification during the period 128,877 36,743 165,620
Change in measurement without portfolio reclassification from the beginning to the end of the period (portfolio from (-) until (+)):
Transfer from Normal group to Non-performing group (112,059 ) 136,470 24,411
Transfer from Non-performing group to Normal group 5,004 (30,328 ) (25,324 )
New credits originated 65,243 65,897 131,140
New credits for conversion of contingent to loan 125,879 1,213 127,092
New credits purchased — — —
Sales or transfers of credits — — —
Payment of credit (209,094 ) (69,037 ) (278,131 )
Provisions for write-offs — (143,600 ) (143,600 )
Recovery of written-off loans 843 — 843
Changes to models and assumptions 43,987 (7,328 ) 36,659
Foreign exchange differences (42 ) (18 ) (60 )
Other changes in allowances — — —
Balance as of September 30, 2025 248,695 157,344 406,039
Changes in allowances established by<br><br>portfolio in the year
--- --- --- --- --- --- --- --- --- ---
Group Evaluation
Normal<br><br>Portfolio Non-performing<br><br>Portfolio Total
MCh$ MCh$ MCh$
Consumer loans
Balance as of January 1, 2024 214,873 153,884 368,757
Allowances established/ released:
Change in measurement without portfolio reclassification during the year 169,484 78,923 248,407
Change in measurement without portfolio reclassification from the beginning to the end of the year (portfolio from (-) until (+)):
Transfer from Normal group to Non-performing group (129,215 ) 167,500 38,285
Transfer from Non-performing group to Normal group 15,115 (38,102 ) (22,987 )
New credits originated 92,911 78,148 171,059
New credits for conversion of contingent to loan 79,922 2,539 82,461
New credits purchased — — —
Sales or transfers of credits — — —
Payment of credit (245,469 ) (65,987 ) (311,456 )
Provisions for write-offs — (209,577 ) (209,577 )
Recovery of written-off loans 2,310 — 2,310
Changes to models and assumptions — — —
Foreign exchange differences 126 4 130
Other changes in allowances — — —
Balance as of December 31, 2024 200,057 167,332 367,389 
81
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
13. Financial assets at amortized cost, continued:
--- ---
(f) Allowances,<br>continued:
--- ---

Summary of changes in provisions for contingent credit losses established by credit risk portfolio in the period:

Changes in provisions established by portfolio in the period
Normal Portfolio Substandard<br><br>Portfolio Non-performing Portfolio
Evaluation Evaluation Evaluation
Individual Group Individual Individual Group Total
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Contingent loan exposure
Balance as of January 1, 2025 41,208 5,343 2,894 14,400 3,692 67,537
Provisions established / released:
Change in measurement without portfolio reclassification during the period 1,032 11,647 223 1,966 1,579 16,447
Change in measurement without portfolio reclassification from the beginning to the end of the period (portfolio from (-) until (+)):
Transfer from Normal individual to Substandard (217 ) — 423 — — 206
Transfer from Normal individual to Non-performing individual — — — 35 — 35
Transfer from Substandard to Non-performing individual — — (117 ) 366 — 249
Transfer from Substandard to Normal individual 93 — (198 ) — — (105 )
Transfer from Non-performing individual to Substandard — — — (22 ) — (22 )
Transfer from Non-performing individual to Normal individual — — — (23 ) — (23 )
Transfer from Normal group to Non-performing group — (244 ) — — 2,638 2,394
Transfer from Non-performing group to Normal group — 11 — — (1,494 ) (1,483 )
Transfer from Individual (normal, substandard, Non-performing) to Group (normal, Non-performing) — — — — — —
Transfer from Group (normal, non-performing) to Individual (normal, substandard, non-performing) 48 (38 ) 20 — — 30
New contingent loan granted 24,203 2,013 6,232 38 278 32,764
Contingent credits for conversion (1,522 ) (2,579 ) (6 ) (1,119 ) (1,092 ) (6,318 )
Changes to models and assumptions — 27,208 — — 531 27,739
Foreign exchange differences (126 ) 18 (387 ) 366 (290 ) (419 )
Other changes in allowances (25,403 ) (9,456 ) (6,109 ) (10,642 ) (1,735 ) (53,345 )
Balance as of September 30, 2025 39,316 33,923 2,975 5,365 4,107 85,686
Changes in provisions constituted by portfolio in the year
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Normal Portfolio Substandard<br><br>Portfolio Non-performing Portfolio
Evaluation Evaluation Evaluation
Individual Group Individual Individual Group Total
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Contingent loan exposure
Balance as of January 1, 2024 42,022 4,967 4,017 6,102 4,119 61,227
Provisions established / released:
Change in measurement without portfolio reclassification during the year 9,096 4,119 178 3,755 2,566 19,714
Change in measurement without portfolio reclassification from the beginning to the end of the year (portfolio from (-) until (+)):
Transfer from Normal individual to Substandard (173 ) — 279 — — 106
Transfer from Normal individual to Non-performing individual (6 ) — — 65 — 59
Transfer from Substandard to Non-performing individual — — (1,086 ) 9,064 — 7,978
Transfer from Substandard to Normal individual 65 — (107 ) — — (42 )
Transfer from Non-performing individual to Substandard — — 5 (74 ) — (69 )
Transfer from Non-performing individual to Normal individual — — — (9 ) — (9 )
Transfer from Normal group to Non-performing group — (125 ) — — 3,303 3,178
Transfer from Non-performing group to Normal group — 3 — — (2,647 ) (2,644 )
Transfer from Individual (normal, substandard, Non-performing) to Group (normal, Non-performing) — — — — — —
Transfer from Group (normal, Non-performing) to Individual (normal, substandard, non-performing) 64 (48 ) 5 4 (17 ) 8
New contingent loan granted 35,457 1,687 13,543 559 534 51,780
Contingent credits for conversion (1,382 ) (3,100 ) (135 ) (1,220 ) (1,436 ) (7,273 )
Changes to models and assumptions — — — — — —
Foreign exchange differences 971 226 13 27 190 1,427
Other changes in allowances (44,906 ) (2,386 ) (13,818 ) (3,873 ) (2,920 ) (67,903 )
Balance as of December 31, 2024 41,208 5,343 2,894 14,400 3,692 67,537 
82
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
13. Financial assets at amortized cost, continued:
--- ---
(g) Economic<br>activity sector:
--- ---

At the closing of each reporting period, the composition of economic activity for loans, contingent loans exposure and provisions constituted are as follows:

Credit and Contingent loans Exposure Allowances Established
Domestic loans Foreign loans Total Total Domestic loans Foreign loans Total Total
September December September December September December September December September December September December
2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Loans and advances to Banks 1,700,000 300,042 362,386 367,661 2,062,386 667,703 (154 ) (154 ) (655 ) (734 ) (809 ) (888 )
Commercial loans
Agriculture and livestock 775,540 750,478 — — 775,540 750,478 (13,184 ) (13,556 ) — — (13,184 ) (13,556 )
Fruit 697,287 729,645 — — 697,287 729,645 (11,207 ) (11,755 ) — — (11,207 ) (11,755 )
Forestry 87,897 89,520 — — 87,897 89,520 (4,682 ) (4,100 ) — — (4,682 ) (4,100 )
Fishing 43,583 29,364 — — 43,583 29,364 (3,541 ) (2,890 ) — — (3,541 ) (2,890 )
Mining 505,192 864,692 — — 505,192 864,692 (2,852 ) (4,781 ) — — (2,852 ) (4,781 )
Oil and natural gas 112 211 — — 112 211 (6 ) (8 ) — — (6 ) (8 )
Product manufacturing industry;
Food, beverages and tobacco 783,626 656,889 — — 783,626 656,889 (11,770 ) (11,773 ) — — (11,770 ) (11,773 )
Textile, leather and footwear 25,470 28,712 — — 25,470 28,712 (709 ) (910 ) — — (709 ) (910 )
Wood and furniture 85,047 89,196 — — 85,047 89,196 (2,982 ) (2,479 ) — — (2,982 ) (2,479 )
Cellulose, paper and printing 16,148 15,838 — — 16,148 15,838 (611 ) (442 ) — — (611 ) (442 )
Chemicals and petroleum derivatives 167,170 321,593 — — 167,170 321,593 (5,463 ) (7,422 ) — — (5,463 ) (7,422 )
Metallic, non-metallic, machinery and others 565,709 481,778 — — 565,709 481,778 (10,600 ) (10,848 ) — — (10,600 ) (10,848 )
Electricity, gas and water 224,911 241,941 1,483 104,988 226,394 346,929 (2,796 ) (3,078 ) (63 ) (149 ) (2,859 ) (3,227 )
Home building 179,523 193,923 — — 179,523 193,923 (5,149 ) (5,608 ) — — (5,149 ) (5,608 )
Non-residential constructions (office, civil works) 503,989 481,437 — — 503,989 481,437 (8,147 ) (10,462 ) — — (8,147 ) (10,462 )
Wholesale trade 1,625,759 1,578,109 — — 1,625,759 1,578,109 (49,348 ) (47,598 ) — — (49,348 ) (47,598 )
Retail trade, restaurants and hotels 1,089,289 1,038,501 — — 1,089,289 1,038,501 (46,189 ) (41,042 ) — — (46,189 ) (41,042 )
Transport and storage 1,023,114 1,033,066 — — 1,023,114 1,033,066 (25,624 ) (28,039 ) — — (25,624 ) (28,039 )
Telecommunications 179,425 213,992 — — 179,425 213,992 (3,457 ) (3,015 ) — — (3,457 ) (3,015 )
Financial services 2,973,649 2,994,709 — — 2,973,649 2,994,709 (26,095 ) (27,470 ) — — (26,095 ) (27,470 )
Business services 2,221,610 1,965,847 — — 2,221,610 1,965,847 (53,361 ) (53,499 ) — — (53,361 ) (53,499 )
Real estate services 3,571,203 3,345,600 2,484 14,882 3,573,687 3,360,482 (20,275 ) (23,908 ) (5 ) (819 ) (20,280 ) (24,727 )
Student loans 49,327 52,280 — — 49,327 52,280 (4,250 ) (4,564 ) — — (4,250 ) (4,564 )
Public administration, defense and police 27,576 16,882 — — 27,576 16,882 (346 ) (207 ) — — (346 ) (207 )
Social services and other community services 922,716 898,419 — — 922,716 898,419 (18,477 ) (16,821 ) — — (18,477 ) (16,821 )
Personal services 1,871,572 1,872,736 — — 1,871,572 1,872,736 (42,898 ) (43,052 ) — — (42,898 ) (43,052 )
Subtotal 20,216,444 19,985,358 3,967 119,870 20,220,411 20,105,228 (374,019 ) (379,327 ) (68 ) (968 ) (374,087 ) (380,295 )
Residential mortgage loans 13,845,219 13,218,586 — — 13,845,219 13,218,586 (40,611 ) (38,400 ) — — (40,611 ) (38,400 )
Consumer loans 5,542,171 5,551,306 — — 5,542,171 5,551,306 (406,039 ) (367,389 ) — — (406,039 ) (367,389 )
Contingent loan exposure 15,555,490 15,080,768 — — 15,555,490 15,080,768 (85,686 ) (67,537 ) — — (85,686 ) (67,537 ) 
83
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
13. Financial assets at amortized cost, continued:
--- ---
(h) Residential<br>mortgage loans and their allowances established by outstanding loan principal owed to value of mortgage collateral (PVG) and past due,<br>respectively:

Asof September 30, 2025

Loan **** Residential mortgage loans (MCh$) **** **** Allowances established of Residential mortgage loans (MCh$) ****
Tranche / **** Days in default at the end of the period **** **** Days in default at the end of the period ****
Guarantee<br><br> Value (%) **** 0 **** **** 1 to 29 **** **** 30 to 59 **** **** 60 to 89 **** **** > = 90 **** **** Total **** **** 0 **** **** 1 to 29 **** **** 30 to 59 **** **** 60 to 89 **** **** > = 90 **** **** Total ****
PVG <=40% 2,110,012 43,787 17,594 7,353 18,824 2,197,570 (1,720 ) (605 ) (563 ) (267 ) (1,050 ) (4,205 )
40% < PVG <= 80% 9,946,772 234,707 118,287 50,240 166,973 10,516,979 (10,887 ) (3,798 ) (3,976 ) (2,109 ) (10,039 ) (30,809 )
80% < PVG <= 90% 762,138 10,337 4,017 3,730 7,660 787,882 (1,618 ) (357 ) (252 ) (369 ) (1,255 ) (3,851 )
PVG > 90% 338,904 822 485 433 2,144 342,788 (1,224 ) (26 ) (20 ) (12 ) (464 ) (1,746 )
Total 13,157,826 289,653 140,383 61,756 195,601 13,845,219 (15,449 ) (4,786 ) (4,811 ) (2,757 ) (12,808 ) (40,611 )

Asof December 31, 2024

Loan **** Residential mortgage loans (MCh$) **** **** Allowances established of Residential mortgage loans (MCh$) ****
Tranche / **** Days in default at the end of the year **** **** Days in default at the end of the year ****
Guarantee Value (%) **** 0 **** **** 1 to 29 **** **** 30 to 59 **** **** 60 to 89 **** **** > = 90 **** **** Total **** **** 0 **** **** 1 to 29 **** **** 30 to 59 **** **** 60 to 89 **** **** > = 90 **** **** Total ****
PVG <=40% 1,936,055 32,620 15,536 6,165 17,148 2,007,524 (1,404 ) (480 ) (427 ) (226 ) (964 ) (3,501 )
40% < PVG <= 80% 9,566,995 232,095 106,604 46,471 147,162 10,099,327 (10,565 ) (4,022 ) (3,335 ) (1,893 ) (8,749 ) (28,564 )
80% < PVG <= 90% 623,624 10,068 3,846 1,801 7,690 647,029 (1,650 ) (352 ) (309 ) (184 ) (1,279 ) (3,774 )
PVG > 90% 457,769 1,442 442 591 4,462 464,706 (1,432 ) (62 ) (37 ) (51 ) (979 ) (2,561 )
Total 12,584,443 276,225 126,428 55,028 176,462 13,218,586 (15,051 ) (4,916 ) (4,108 ) (2,354 ) (11,971 ) (38,400 ) 
84
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
13. Financial assets at amortized cost, continued:
--- ---
(i) Loans<br>and advances to Banks and Commercial loans and their allowances established by classification category:
--- ---

The concentration of loans and advances to banks and commercial loans and their allowances established by classification category is as follows:

Individual Evaluation Group Evaluation Provisions of <br><br>deductible<br><br>guarantees
As of Normal Portfolio Substandard Portfolio Non-performing Portfolio Portfolio Portfolio Fogape
September 30, A1 A2 A3 A4 A5 A6 Subtotal B1 B2 B3 B4 Subtotal C1 C2 C3 C4 C5 C6 Subtotal Total Normal Non-performing Total Total Covid 19
2025 MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Loans and advances to Banks
Interbank loans for liquidity 200,000 100,000 — — — — 300,000 — — — — — — — — — — — — 300,000 — — — 300,000 —
Commercial interbank loans — — 215,781 — — — 215,781 — — — — — — — — — — — — 215,781 — — — 215,781 —
Overdrafts on current accounts — — — — — — — — — — — — — — — — — — — — — — — — —
Chilean exports foreign trade loans — 101,296 45,309 — — — 146,605 — — — — — — — — — — — — 146,605 — — — 146,605 —
Chilean imports foreign trade loans — — — — — — — — — — — — — — — — — — — — — — — — —
Foreign trade loans between third countries — — — — — — — — — — — — — — — — — — — — — — — — —
Deposits in current accounts in foreign banks for derivative operations — — — — — — — — — — — — — — — — — — — — — — — — —
Other non-transferable deposits in banks — — — — — — — — — — — — — — — — — — — — — — — — —
Other loans with banks — — — — — — — — — — — — — — — — — — — — — — — — —
Subtotal 200,000 201,296 261,090 — — — 662,386 — — — — — — — — — — — — 662,386 — — — 662,386 —
Allowances established 72 166 571 — — — 809 — — — — — — — — — — — — 809 — — — 809 —
% Allowances established 0.04 % 0.08 % 0.22 % — — — 0.12 % — — — — — — — — — — — — 0.12 % — — — 0.12 % —
Commercial loans
Commercial loans — 1,317,801 1,801,861 1,986,658 3,702,376 2,066,391 10,875,087 93,976 46,090 26,911 10,411 177,388 87,206 47,238 14,800 27,532 9,798 34,208 220,782 11,273,257 3,859,147 348,722 4,207,869 15,481,126 1,303
Chilean exports foreign trade loans — 219,791 232,083 95,269 248,703 188,680 984,526 6,707 5,800 2,044 — 14,551 9,674 575 — — — 1,840 12,089 1,011,166 2,722 240 2,962 1,014,128 —
Accrediting foreign trade loans negotiated in terms of Chilean imports — — — — — 83 83 — — — — — — — — — — — — 83 — — — 83 —
Chilean imports foreign trade loans — 5,613 70,468 105,425 162,874 193,219 537,599 3,917 890 713 — 5,520 57 25 — 635 2,129 2,628 5,474 548,593 45,943 2,318 48,261 596,854 —
Foreign trade loans between third countries — — — — — 121 121 — — — — — — — — — — — — 121 — — — 121 —
Current account debtors — 4 10,548 57,669 36,097 19,301 123,619 3,388 1,270 269 223 5,150 479 165 1,126 607 89 1,846 4,312 133,081 92,062 2,047 94,109 227,190 —
Credit card debtors — 395 1,792 4,293 11,722 11,233 29,435 797 221 91 21 1,130 90 129 43 58 99 840 1,259 31,824 87,693 11,752 99,445 131,269 —
Factoring transactions — 156,093 143,404 45,749 176,570 85,679 607,495 3,575 171 3,746 — 20 — — — 85 105 611,346 31,336 11 31,347 642,693 —
Commercial lease transactions — 43,688 100,635 322,141 671,889 542,623 1,680,976 19,215 5,642 3,022 2,060 29,939 3,666 8,848 13,693 11,095 2,273 608 40,183 1,751,098 296,412 13,962 310,374 2,061,472 248
Student loans — — — — — — — — — — — — — — — — — — — — 46,166 3,161 49,327 49,327 —
Other loans and accounts receivable — 488 2,016 1,326 2,596 2,208 8,634 49 104 170 323 231 62 123 176 722 3,763 5,077 14,034 867 1,247 2,114 16,148 —
Subtotal — 1,743,873 2,362,807 2,618,530 5,012,827 3,109,538 14,847,575 131,624 60,188 33,220 12,715 237,747 101,403 57,062 29,785 40,103 15,110 45,818 289,281 15,374,603 4,462,348 383,460 4,845,808 20,220,411 —
Allowances established — 1,187 3,775 22,533 55,214 72,017 154,726 3,659 1,970 1,020 268 6,917 2,028 5,706 7,446 16,042 9,822 41,235 82,279 243,922 39,045 89,569 128,614 372,536 1,551
% Allowances established — 0.07 % 0.16 % 0.86 % 1.10 % 2.32 % 1.04 % 2.78 % 3.27 % 3.07 % 2.11 % 2.91 % 2.00 % 10.00 % 25.00 % 40.00 % 65.00 % 90.00 % 28.44 % 1.59 % 0.87 % 23.36 % 2.65 % 1.84 % — 
85
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
13. Financial assets at amortized cost, continued:
(i) Loans<br>and advances to Banks and Commercial loans and their allowances established by classification category, continued:
--- ---
Individual Evaluation Group Evaluation Provision of
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Normal Portfolio Substandard Portfolio Non-performing Portfolio deductible
As of December 31, 2024 A1 A2 A3 A4 A5 A6 Subtotal B1 B2 B3 B4 Subtotal C1 C2 C3 C4 C5 C6 Subtotal Total Portfolio<br><br>Normal Portfolio<br><br>Non-<br><br>performing Total Total guarantees<br><br> Fogape<br><br> Covid 19
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Loans and advances to Banks
Interbank loans for liquidity 200,028 100,014 — — — — 300,042 — — — — — — — — — — — — 300,042 — — — 300,042 —
Commercial interbank loans — — 269,191 — — — 269,191 — — — — — — — — — — — — 269,191 — — — 269,191 —
Overdrafts on current accounts — — — — — — — — — — — — — — — — — — — — — — — — —
Chilean exports foreign trade loans 14,614 32,260 51,596 — — — 98,470 — — — — — — — — — — — — 98,470 — — — 98,470 —
Chilean imports foreign trade loans — — — — — — — — — — — — — — — — — — — — — — — — —
Foreign trade loans between third countries — — — — — — — — — — — — — — — — — — — — — — — — —
Deposits in current accounts in foreign banks for derivative operations — — — — — — — — — — — — — — — — — — — — — — — — —
Other non-transferable deposits in banks — — — — — — — — — — — — — — — — — — — — — — — — —
Other loans with banks — — — — — — — — — — — — — — — — — — — — — — — — —
Subtotal 214,642 132,274 320,787 — — — 667,703 — — — — — — — — — — — — 667,703 — — — 667,703 —
Allowances established 77 109 702 — — — 888 — — — — — — — — — — — — 888 — — — 888 —
% Allowances established 0.04 % 0.08 % 0.22 % — — — 0.13 % — — — — — — — — — — — — 0.13 % — — — 0.13 % —
Commercial loans
Commercial loans — 978,748 1,683,111 2,093,769 3,504,563 2,252,173 10,512,364 98,731 51,153 35,812 9,032 194,728 86,932 37,379 12,894 34,843 11,763 35,656 219,467 10,926,559 3,835,557 350,892 4,186,449 15,113,008 2,764
Chilean exports foreign trade loans — 563,237 298,742 198,222 209,936 158,691 1,428,828 4,414 2,594 — — 7,008 8,494 — — 334 — 1,645 10,473 1,446,309 3,006 395 3,401 1,449,710 —
Accrediting foreign trade loans negotiated in terms of Chilean imports — — — — — 162 162 — — — — — — — — — — — — 162 — — — 162 —
Chilean imports foreign trade loans — 10,607 47,176 98,073 178,454 169,514 503,824 5,419 275 — — 5,694 384 — — 141 1,640 1,038 3,203 512,721 46,538 3,038 49,576 562,297 —
Foreign trade loans between third countries — — — — — — — — — — — — — — — — — — — — — — — — —
Current account debtors — 12 24,388 31,693 19,000 22,329 97,422 3,033 1,124 923 189 5,269 513 86 1,061 593 151 1,647 4,051 106,742 87,836 2,241 90,077 196,819 —
Credit card debtors — 294 1,291 3,936 10,178 9,801 25,500 664 332 112 12 1,120 235 70 49 74 196 817 1,441 28,061 84,721 10,968 95,689 123,750 —
Factoring transactions 2,081 159,861 108,439 29,667 163,282 92,436 555,766 4,041 73 — — 4,114 — — — — — 27 27 559,907 36,830 175 37,005 596,912 —
Commercial lease transactions — 49,621 77,816 334,046 636,573 516,572 1,614,628 16,016 10,619 1,184 424 28,243 4,621 4,616 14,387 11,241 2,419 680 37,964 1,680,835 296,248 13,941 310,189 1,991,024 397
Student loans — — — — — — — — — — — — — — — — — — — — 48,804 3,476 52,280 52,280 —
Other loans and accounts receivable — 479 1,649 1,352 2,651 2,633 8,764 66 51 4 — 121 237 12 181 347 786 6,578 8,141 17,026 965 1,275 2,240 19,266 —
Subtotal 2,081 1,762,859 2,242,612 2,790,758 4,724,637 3,224,311 14,747,258 132,384 66,221 38,035 9,657 246,297 101,416 42,163 28,572 47,573 16,955 48,088 284,767 15,278,322 4,440,505 386,401 4,826,906 20,105,228 —
Allowances established 1 1,188 3,494 24,871 51,771 77,010 158,335 2,865 639 428 516 4,448 2,028 4,216 7,143 19,029 11,020 43,279 86,715 249,498 37,200 90,436 127,636 377,134 3,161
% Allowances established 0.05 % 0.07 % 0.16 % 0.89 % 1.10 % 2.39 % 1.07 % 2.16 % 0.96 % 1.13 % 5.34 % 1.81 % 2.00 % 10.00 % 25.00 % 40.00 % 65.00 % 90.00 % 30.45 % 1.63 % 0.84 % 23.40 % 2.64 % 1.88 % — 
86
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
13. Financial assets at amortized cost, continued:
(j) Loans<br>and their allowances for loan losses by tranches of days past-due:
--- ---

The concentration of credit risk by days past due is as follows;

Financial assets before allowances Allowances established
Normal <br><br>Portfolio<br><br>Evaluation Substandard<br>Portfolio<br>Evaluation Non-performing<br><br><br><br> <br>Portfolio<br><br>Evaluation Sub Normal <br><br>Portfolio <br><br>Evaluation Substandard<br><br>Portfolio<br><br>Evaluation Non-performing<br><br>Portfolio <br><br>Evaluation Sub Deductible guarantees<br><br>Fogape Net<br><br>Financial
As of September 30, 2025 Individual Group Individual Individual Group Total Individual Group Individual Individual Group Total Covid-19 Total Assets
MCh$ MCh$ MCh MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Loans and advances to Banks
0 days 582,792 — — — — 582,792 (732 ) — — — — (732 ) — (732 )
1 to 29 days 79,594 — — — — 79,594 (77 ) — — — — (77 ) — (77 )
30 to 59 days — — — — — — — — — — — — — —
60 to 89 days — — — — — — — — — — — — — —
>  = 90 days — — — — — — — — — — — — — —
Subtotal 662,386 — — — — 662,386 (809 ) — — — — (809 ) — (809 ) 661,577
Commercial loans
0 days 14,708,121 4,248,089 190,293 81,192 94,819 19,322,514 (151,909 ) (29,069 ) (5,938 ) (18,765 ) (18,032 ) (223,713 ) (1,522 ) (225,235 )
1 to 29 days 135,983 148,502 32,103 40,539 36,154 393,281 (2,753 ) (5,055 ) (681 ) (4,875 ) (6,541 ) (19,905 ) (13 ) (19,918 )
30 to 59 days 2,996 50,189 13,309 16,048 36,314 118,856 (64 ) (3,361 ) (184 ) (4,152 ) (6,122 ) (13,883 ) — (13,883 )
60 to 89 days 475 15,568 2,042 30,113 21,941 70,139 — (1,560 ) (114 ) (9,154 ) (4,401 ) (15,229 ) — (15,229 )
>  = 90 days — — — 121,389 194,232 315,621 — — — (45,333 ) (54,473 ) (99,806 ) (16 ) (99,822 )
Subtotal 14,847,575 4,462,348 237,747 289,281 383,460 20,220,411 (154,726 ) (39,045 ) (6,917 ) (82,279 ) (89,569 ) (372,536 ) (1,551 ) (374,087 ) 19,846,324
Residential mortgage loans
0 days — 13,077,607 — — 80,219 13,157,826 — (10,155 ) — — (5,294 ) (15,449 ) — (15,449 )
1 to 29 days — 253,697 — — 35,956 289,653 — (2,546 ) — — (2,240 ) (4,786 ) — (4,786 )
30 to 59 days — 93,531 — — 46,852 140,383 — (1,881 ) — — (2,930 ) (4,811 ) — (4,811 )
60 to 89 days — 33,302 — — 28,454 61,756 — (897 ) — — (1,860 ) (2,757 ) — (2,757 )
>  = 90 days — — — — 195,601 195,601 — — — — (12,808 ) (12,808 ) — (12,808 )
Subtotal — 13,458,137 — — 387,082 13,845,219 — (15,479 ) — — (25,132 ) (40,611 ) — (40,611 ) 13,804,608
Consumer loans
0 days — 4,974,114 — — 80,441 5,054,555 — (186,061 ) — — (44,031 ) (230,092 ) — (230,092 )
1 to 29 days — 197,517 — — 31,761 229,278 — (29,061 ) — — (17,466 ) (46,527 ) — (46,527 )
30 to 59 days — 59,828 — — 37,265 97,093 — (21,353 ) — — (20,657 ) (42,010 ) — (42,010 )
60 a 89 days — 26,194 — — 26,463 52,657 — (12,220 ) — — (14,658 ) (26,878 ) — (26,878 )
>  = 90 days — — — — 108,588 108,588 — — — — (60,532 ) (60,532 ) — (60,532 )
Subtotal — 5,257,653 — — 284,518 5,542,171 — (248,695 ) — — (157,344 ) (406,039 ) — (406,039 ) 5,136,132
Total Loans 15,509,961 23,178,138 237,747 289,281 1,055,060 40,270,187 (155,535 ) (303,219 ) (6,917 ) (82,279 ) (272,045 ) (819,995 ) (1,551 ) (821,546 ) 39,448,641

All values are in US Dollars.

87
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
13. Financial assets at amortized cost, continued:
(j) Loans<br>and their allowances for loan losses by number of days past-due, continued:
--- ---
Financial assets before allowances Allowances established
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Normal Substandard Non-performing Normal Substandard Non-performing Deductible
Portfolio Portfolio Portfolio Portfolio Portfolio Portfolio guarantees Net
Evaluation Evaluation Evaluation Sub Evaluation Evaluation Evaluation Sub Fogape Financial
As<br> of December 31, 2024 Individual Group Individual Individual Group Total Individual Group Individual Individual Group Total Covid-19 Total Assets
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Loans and advances to Banks
0 days 596,974 — — — — 596,974 (800 ) — — — — (800 ) — (800 )
1 to 29 days 70,729 — — — — 70,729 (88 ) — — — — (88 ) — (88 )
30 to 59 days — — — — — — — — — — — — — —
60 to 89 days — — — — — — — — — — — — — —
>  = 90 days — — — — — — — — — — — — — —
Subtotal 667,703 — — — — 667,703 (888 ) — — — — (888 ) — (888 ) 666,815
Commercial loans
0 days 14,515,547 4,237,304 212,286 145,211 103,514 19,213,862 (155,358 ) (28,184 ) (3,855 ) (35,615 ) (18,814 ) (241,826 ) (3,064 ) (244,890 )
1 to 29 days 218,097 147,190 22,083 18,360 36,055 441,785 (2,811 ) (4,691 ) (382 ) (3,257 ) (7,207 ) (18,348 ) (56 ) (18,404 )
30 to 59 days 13,549 43,058 9,856 22,310 34,271 123,044 (165 ) (2,900 ) (156 ) (11,012 ) (6,468 ) (20,701 ) — (20,701 )
60 to 89 days 65 12,953 2,072 8,749 20,850 44,689 (1 ) (1,425 ) (55 ) (1,461 ) (4,362 ) (7,304 ) (2 ) (7,306 )
>  = 90 days — — — 90,137 191,711 281,848 — — — (35,370 ) (53,585 ) (88,955 ) (39 ) (88,994 )
Subtotal 14,747,258 4,440,505 246,297 284,767 386,401 20,105,228 (158,335 ) (37,200 ) (4,448 ) (86,715 ) (90,436 ) (377,134 ) (3,161 ) (380,295 ) 19,724,933
Residential mortgage loans
0 days — 12,518,932 — — 65,511 12,584,443 — (10,523 ) — — (4,528 ) (15,051 ) — (15,051 )
1 to 29 days — 240,310 — — 35,915 276,225 — (2,661 ) — — (2,255 ) (4,916 ) — (4,916 )
30 to 59 days — 90,398 — — 36,030 126,428 — (1,843 ) — — (2,265 ) (4,108 ) — (4,108 )
60 to 89 days — 30,983 — — 24,045 55,028 — (832 ) — — (1,522 ) (2,354 ) — (2,354 )
>  = 90 days — — — — 176,462 176,462 — — — — (11,971 ) (11,971 ) — (11,971 )
Subtotal — 12,880,623 — — 337,963 13,218,586 — (15,859 ) — — (22,541 ) (38,400 ) — (38,400 ) 13,180,186
Consumer loans
0 days — 5,010,755 — — 92,973 5,103,728 — (148,953 ) — — (47,823 ) (196,776 ) — (196,776 )
1 to 29 days — 176,897 — — 34,243 211,140 — (28,928 ) — — (19,033 ) (47,961 ) — (47,961 )
30 to 59 days — 53,655 — — 36,266 89,921 — (15,508 ) — — (23,119 ) (38,627 ) — (38,627 )
60 a 89 days — 17,656 — — 25,993 43,649 — (6,668 ) — — (15,490 ) (22,158 ) — (22,158 )
>  = 90 days — — — — 102,868 102,868 — — — — (61,867 ) (61,867 ) — (61,867 )
Subtotal — 5,258,963 — — 292,343 5,551,306 — (200,057 ) — — (167,332 ) (367,389 ) — (367,389 ) 5,183,917
Total Loans 15,414,961 22,580,091 246,297 284,767 1,016,707 39,542,823 (159,223 ) (253,116 ) (4,448 ) (86,715 ) (280,309 ) (783,811 ) (3,161 ) (786,972 ) 38,755,851 
88
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
13. Financial assets at amortized cost, continued:
--- ---
(k) Finance<br>lease contracts:

The cash flows to be received by the Bank from finance lease contracts have the following maturities:

Total receivable Unearned income Net lease receivable (*)
September December September December September December
2025 2024 2025 2024 2025 2024
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Due within one year 695,571 668,951 (102,286 ) (99,075 ) 593,285 569,876
Due after 1 year but within 2 years 511,284 501,065 (73,958 ) (71,170 ) 437,326 429,895
Due after 2 years but within 3 years 356,601 343,985 (47,187 ) (45,055 ) 309,414 298,930
Due after 3 years but within 4 years 233,291 211,905 (31,516 ) (29,193 ) 201,775 182,712
Due after 4 years but within 5 years 158,887 165,414 (21,737 ) (20,517 ) 137,150 144,897
Over 5 years 421,620 401,645 (49,951 ) (45,823 ) 371,669 355,822
Total 2,377,254 2,292,965 (326,635 ) (310,833 ) 2,050,619 1,982,132
(*) The<br>net lease receivable does not include past-due portfolio totaling Ch$11,904 million as of September 30, 2025 (Ch$9,212 million in December<br>2024).
--- ---

The Bank maintains financial lease operations associated with movable assets, vehicles, industrial machinery, transportation equipment and real estate. These leases contracts have an average term between 1 and 15 years.

(l) Purchase<br>of loan portfolio:

During the period ended as of September 30, 2025 and the year 2024 no portfolio purchases were made.

(m) Sale<br>or transfer of loans from the loan portfolio:

As of September 30, 2025, no sales or transfers of loans from the loan portfolio have been made.

During the period 2024, the following sales were made:

September 2024
Carrying<br><br>amount Allowances Sale price Effect onincome (loss) gain
MCh$ MCh$ MCh$ MCh$
Sale of current loans 2,558 449 2,329 220
Sale of written – off loans — — — —
Total 2,558 449 2,329 220
(n) Securitization<br> of own assets:
--- ---

During the period 2025 and the year 2024, there is no securitization transactions executed involving own assets.

89
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
14. Investments in other companies:
--- ---
(a) At<br> the end of each period, investments are presented according to the following detail:
--- ---
% Ownership Interest Assets
--- --- --- --- --- --- --- --- --- ---
September December September December
Company Shareholder 2025 2024 2025 2024
% % MCh$ MCh$
Associates
Transbank S.A. Banco de Chile 26.16 26.16 42,617 38,660
Redbanc S.A. Banco de Chile 38.13 38.13 6,439 5,447
Centro de Compensación Automatizado S.A. Banco de Chile 33.33 33.33 5,715 6,784
Sociedad Interbancaria de Depósitos de Valores S.A. Banco de Chile 26.81 26.81 2,930 2,704
Administrador Financiero de Transantiago S.A. Banco de Chile 20.00 20.00 1,941 2,210
Servicios de Infraestructura de Mercado OTC S.A. Banco de Chile 12.33 12.33 1,890 1,902
Sociedad Operadora de la Cámara de Compensación de Pagos de Alto Valor S.A. Banco de Chile 15.00 15.00 1,447 1,312
Subtotal Associates 62,979 59,019
Joint Venture
Servipag Ltda. Banco de Chile 50.00 50.00 9,023 8,258
Subtotal Joint Venture 9,023 8,258
Subtotal 72,002 67,277
Minority Investments
Holding Bursátil Regional S.A. ^(1)^ Banchile Corredores de Bolsa 8,168 6,920
Banco Latinoamericano de Comercio Exterior S.A. (Bladex) ^(1)^ Banco de Chile 2,629 2,103
Bolsa Electrónica de Chile, Bolsa de Valores ^(1)^ Banchile Corredores de Bolsa 349 349
Sociedad de Telecomunicaciones Financieras Interbancarias Mundiales (Swift) Banco de Chile 109 112
CCLV Contraparte Central S.A. Banchile Corredores de Bolsa 8 8
Subtotal Minority Investments 11,263 9,492
Total 83,265 76,769
(1) Investments<br>in shares have been irrevocably designated as at fair value through other comprehensive income and, therefore, are recorded at market<br>value in accordance with IFRS 9.
--- ---
(b) The<br>change in investments in companies recorded under the equity method in 2025 and 2024 is detailed as follows:
--- ---
September September
--- --- --- --- --- --- ---
2025 2024
MCh$ MCh$
Balance as of January 1, 67,277 65,082
Acquisition of investments in companies — —
Participation in net income 8,041 6,738
Dividends received (3,374 ) (1,770 )
Reclassification to non-current assets for sale — (1,572 )
Other 58 (1,929 )
Total 72,002 66,549
(c) During<br> the period ended September 30, 2025 and 2024, no impairment has been recorded in these investments.
--- --- 
90
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
14. Investments in other companies, continued:
--- ---
(d) Summarized<br> Financial Information of Associates and Joint Ventures
--- ---
Associates Joint Venture
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
September 2025 Centro de<br><br>Compensación<br><br>Automatizado<br><br>S.A. Sociedad<br><br>Operadora de<br><br>la Cámara de<br><br>Compensación<br><br> de Pagos de<br><br>Alto Valor<br><br>S.A. Sociedad<br><br>Interbancaria<br><br>de Depósito<br><br>de Valores<br><br>S.A. RedbancS.A. Transbank<br><br>S.A. Administrador<br> Financiero de<br> Transantiago<br><br> <br>S.A. Servicios de<br><br>Infraestructura<br><br>de Mercado<br><br>OTC <br><br>S.A. Servipag<br><br>Ltda.
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Current assets 17,530 1,829 131 15,717 1,301,471 62,490 6,591 63,761
Non-current assets 2,506 9,291 10,800 13,396 137,492 787 14,020 19,861
Total Assets 20,036 11,120 10,931 29,113 1,438,963 63,277 20,611 83,622
Current liabilities 3,069 1,511 — 12,287 1,266,374 51,651 4,785 58,128
Non-current liabilities 244 302 — 192 9,657 2,431 633 7,449
Total Liabilities 3,313 1,813 — 12,479 1,276,031 54,082 5,418 65,577
Equity 16,723 9,307 10,931 16,634 162,932 9,195 15,184 18,045
Minority interest — — — — — — 9 —
Total Liabilities and Equity 20,036 11,120 10,931 29,113 1,438,963 63,277 20,611 83,622
Operating income 15,333 5,189 1 42,464 596,402 3,474 5,947 28,200
Operating expenses (10,084 ) (3,945 ) (25 ) (39,223 ) (486,422 ) (1,716 ) (5,917 ) (27,277 )
Other income (expenses) 419 229 1,451 39 (91,065 ) 470 513 1,073
Gain before tax 5,668 1,473 1,427 3,280 18,915 2,228 543 1,996
Income tax (1,422 ) (338 ) — (785 ) (3,784 ) (522 ) (74 ) (467 )
Gain for the period 4,246 1,135 1,427 2,495 15,131 1,706 469 1,529
Associates Joint Venture
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
December 2024 Centro de<br><br>Compensación<br><br>Automatizado<br><br>S.A. Sociedad<br><br>Operadora de<br><br>la Cámara de<br><br>Compensación<br><br> de Pagos de<br><br>Alto Valor<br><br>S.A. Sociedad<br><br>Interbancaria<br><br>de Depósito<br><br>de Valores<br><br>S.A. RedbancS.A. Transbank<br><br>S.A. Administrador<br><br>Financiero de<br><br>Transantiago<br><br>S.A. Servicios de<br><br>Infraestructura<br><br>de Mercado<br><br>OTC <br><br>S.A. Servipag<br><br>Ltda.
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Current assets 13,958 1,737 60 15,347 1,814,213 58,605 11,562 101,289
Non-current assets 9,462 8,223 10,036 14,062 161,533 887 11,538 21,034
Total Assets 23,420 9,960 10,096 29,409 1,975,746 59,492 23,100 122,323
Current liabilities 3,585 1,120 551 13,366 1,811,753 46,985 7,285 98,808
Non-current liabilities 43 384 — 1,932 17,176 2,371 748 6,999
Total Liabilities 3,628 1,504 551 15,298 1,828,929 49,356 8,033 105,807
Equity 19,792 8,456 9,545 14,111 146,817 10,136 15,058 16,516
Minority interest — — — — — — 9 —
Total Liabilities and Equity 23,420 9,960 10,096 29,409 1,975,746 59,492 23,100 122,323
Operating income 21,282 6,651 9 60,139 888,114 5,023 8,979 44,161
Operating expenses (14,545 ) (5,843 ) (54 ) (58,167 ) (722,391 ) (2,541 ) (8,557 ) (40,929 )
Other income (expenses) 741 390 1,848 234 (154,142 ) 1,424 1,002 1,185
Gain before tax 7,478 1,198 1,803 2,206 11,581 3,906 1,424 4,417
Income tax (1,853 ) (231 ) — (467 ) (1,736 ) (855 ) (202 ) (1,066 )
Gain for the year 5,625 967 1,803 1,739 9,845 3,051 1,222 3,351 
91
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
15. Intangible<br>Assets:
--- ---
(a) The<br>composition of intangible assets as of September 30, 2025 and December 31, 2024, are as follows:
--- ---
AverageusefulLife Average remaining<br><br>amortization Gross balance Accumulated<br><br>Amortization Net balance
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
September December September December September December September December September December
2025 2024 2025 2024 2025 2024 2025 2024 2025 2024
Years Years Years Years MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Other independently originated intangible assets 6 6 4 4 420,332 379,546 (252,207 ) (220,990 ) 168,125 158,556
Total 420,332 379,546 (252,207 ) (220,990 ) 168,125 158,556
(b) The<br>change in intangible assets during the period ended September 30, 2025 and December 31, 2024, are detailed as follows:
--- ---
September December
--- --- --- --- --- --- ---
2025 2024
MCh$ MCh$
Gross Balance
Balance as of January 1, 379,546 322,148
Acquisition 39,685 57,617
Disposals/ write-downs (4,408 ) (219 )
Transfers 5,562 —
Impairment (*) (53 ) —
Total 420,332 379,546
Accumulated Amortization
Balance as of January 1, (220,990 ) (184,944 )
Amortization for the period (**) (30,604 ) (36,265 )
Disposals/ write-downs 4,408 219
Transfers (5,055 )
Impairment (*) 34 —
Total (252,207 ) (220,990 )
Balance Net 168,125 158,556
(*) See<br>Note 40 Impairment of non-financial assets.
--- ---
(**) See<br>Note 39 Depreciation and Amortization.
--- ---
(c) As<br>of September 30, 2025, the Bank maintains Ch$14,099 million (Ch$13,889 million as of December 31, 2024) of assets associated with technological<br>developments in progress.
--- ---
(d) As<br>of September 30, 2025 and December 31, 2024, there are no restrictions on the Bank’s intangible assets. Also, there are no intangible<br>assets held as collateral for the fulfillment of obligations.
--- --- 
92
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
16. Property<br>and equipment:
--- ---
(a) The<br>properties and equipment as of September 30, 2025 and December 31, 2024 are composed of the following:
--- ---
Average<br> <br>useful Life Average remaining depreciation Gross balance Accumulated Depreciation Net balance
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
September December September December September December September December September December
2025 2024 2025 2024 2025 2024 2025 2024 2025 2024
Years Years Years Years MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Type of property and equipment:
Land and Buildings 25 26 17 18 322,696 327,862 (173,757 ) (173,132 ) 148,939 154,730
Equipment 5 5 3 3 255,589 261,142 (234,203 ) (236,146 ) 21,386 24,996
Others 7 7 4 4 60,163 63,198 (51,311 ) (53,851 ) 8,852 9,347
Total 638,448 652,202 (459,271 ) (463,129 ) 179,177 189,073
(b) The<br>changes in properties and equipment as of September 30, 2025 and December 31, 2024, are as follows:
--- ---
September 2025
--- --- --- --- --- --- --- --- --- --- --- --- ---
Land and<br><br>Buildings Equipment Others Total
MCh$ MCh$ MCh$ MCh$
Gross Balance
Balance as of January 1, 2025 327,862 261,142 63,198 652,202
Reclassification 1,222 294 (1,516 ) —
Additions 4,116 6,076 1,639 11,831
Write-downs and sales of the period (10,478 ) (6,123 ) (3,143 ) (19,744 )
Transfers — (5,567 ) (15 ) (5,582 )
Impairment (**) (26 ) (233 ) — (259 )
Total 322,696 255,589 60,163 638,448
Accumulated Depreciation
Balance as of January 1, 2025 (173,132 ) (236,146 ) (53,851 ) (463,129 )
Reclassification (1,150 ) (173 ) 1,323 —
Depreciation of the period (*) (7,347 ) (8,640 ) (1,842 ) (17,829 )
Write-downs and sales of the period 7,872 5,701 3,059 16,632
Transfers — 5,055 — 5,055
Total (173,757 ) (234,203 ) (51,311 ) (459,271 )
Balance as of September 30, 2025 148,939 21,386 8,852 179,177
December 2024
--- --- --- --- --- --- --- --- --- --- --- --- ---
Land and Buildings Equipment Others Total
MCh$ MCh$ MCh$ MCh$
Gross Balance
Balance as of January 1, 2024 322,766 256,933 61,118 640,817
Additions 7,369 5,286 3,699 16,354
Write-downs and sales of the year (2,273 ) (1,075 ) (1,619 ) (4,967 )
Impairment (***) — (2 ) — (2 )
Total 327,862 261,142 63,198 652,202
Accumulated Depreciation
Balance as of January 1, 2024 (165,286 ) (221,083 ) (52,791 ) (439,160 )
Depreciation of the year (9,725 ) (15,881 ) (2,566 ) (28,172 )
Write-downs and sales of the year 1,879 818 1,506 4,203
Total (173,132 ) (236,146 ) (53,851 ) (463,129 )
Balance as of December 31, 2024 154,730 24,996 9,347 189,073
(*) See<br>Note 39 Depreciation and Amortization.
--- ---
(**) See<br>Note 40 Impairment of non-financial assets.
--- ---
(***) Does<br>not include provision for write-off of Property and equipment of Ch$1,119 million as of December 31, 2024.
--- --- 
93
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
16. Propertyand equipment, continued:
--- ---
(c) As<br>of September 30, 2025, the Bank records Ch$9,317 million (Ch$5,510 million as of December 31, 2024) in assets under commissioning.
(d) As<br>of September 30, 2025 and December 31, 2024, there are no restrictions on property and equipment of the Bank and its subsidiaries. Furthermore,<br>there are no property and equipment held as collateral for the fulfillment of obligations.
--- ---
17. Right-of-use assets and Lease liabilities:
--- ---
(a) The<br>composition of the rights over leased assets as of September 30, 2025 and December 31, 2024, is as follows:
Gross Balance Accumulated Depreciation Net Balance
--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
September December September December September December
2025 2024 2025 2024 2025 2024
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Categories
Buildings 116,491 126,655 (62,751 ) (63,657 ) 53,740 62,998
Floor space for ATMs 40,001 36,080 (15,722 ) (9,307 ) 24,279 26,773
Improvements to leased properties 28,672 28,783 (22,070 ) (21,675 ) 6,602 7,108
Total 185,164 191,518 (100,543 ) (94,639 ) 84,621 96,879
(b) The<br>changes of the rights over leased assets as of September 30, 2025 and December 31, 2024, is as follows:
--- ---
****<br><br>September 2025
--- --- --- --- --- --- --- --- --- --- --- --- ---
Buildings Floor space<br><br>for ATMs Improvements<br><br>to leased<br><br>property Total
MCh$ MCh$ MCh$ MCh$
Gross Balance
Balance as of January 1, 2025 126,655 36,080 28,783 191,518
Additions 6,696 4,214 489 11,399
Write-downs (16,638 ) (293 ) (600 ) (17,531 )
Remeasurement (222 ) — — (222 )
Other incremental — — — —
Total 116,491 40,001 28,672 185,164
Accumulated Depreciation
Balance as of January 1, 2025 (63,657 ) (9,307 ) (21,675 ) (94,639 )
Depreciation of the period (*) (14,824 ) (6,708 ) (790 ) (22,322 )
Write-downs 15,899 293 395 16,587
Other incremental (169 ) — — (169 )
Total (62,751 ) (15,722 ) (22,070 ) (100,543 )
Balance as of September 30, 2025 53,740 24,279 6,602 84,621
(*) See<br>Note 39 Depreciation and Amortization.
--- --- 
94
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
17. Right-of-use assets and Lease liabilities, continued:
--- ---
****<br><br>December 2024
Buildings Floor space<br><br>for ATMs Improvements<br><br>to leased<br><br>property Total
MCh$ MCh$ MCh$ MCh$
Gross Balance
Balance as of January 1, 2024 145,849 33,060 30,426 209,335
Additions 13,892 4,385 872 19,149
Write-downs (33,019 ) (1,197 ) (2,515 ) (36,731 )
Remeasurement (67 ) (168 ) — (235 )
Other incremental — — — —
Total 126,655 36,080 28,783 191,518
Accumulated Depreciation
Balance as of January 1, 2024 (75,361 ) (2,669 ) (22,416 ) (100,446 )
Depreciation of the year (20,939 ) (7,733 ) (1,135 ) (29,807 )
Write-downs 32,638 1,123 1,876 35,637
Other incremental 5 (28 ) — (23 )
Total (63,657 ) (9,307 ) (21,675 ) (94,639 )
Balance as of December 31, 2024 62,998 26,773 7,108 96,879
(c) Future<br> maturities (including unearned interest) of the lease liabilities as of September 30, 2025<br> and December 31, 2024 are detailed as follows:
--- ---
September 2025
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Demand Up to 1 month Over 1<br><br>month<br><br>and up<br><br>to 3<br><br>months Over 3<br><br>months<br><br>and up<br><br>to 12<br><br>months Over 1<br><br>year and<br><br>up to 3<br><br>years Over 3<br><br>years<br><br>and up<br><br>to 5<br><br>years Over 5years Total
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Lease associated to:
Buildings — 1,651 3,321 12,272 20,379 11,664 8,256 57,543
ATMs — 793 1,586 6,910 16,494 958 42 26,783
Total — 2,444 4,907 19,182 36,873 12,622 8,298 84,326
December 2024
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Demand Up to 1month Over 1<br><br>month<br><br>and up<br><br>to 3<br><br>months Over 3<br><br>months<br><br>and up<br><br>to 12<br><br>months Over 1<br><br>year and<br><br>up to 3<br><br>years Over 3<br><br>years<br><br>and up<br><br>to 5<br><br>years Over 5years Total
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Lease associated to:
Buildings — 1,692 3,374 14,158 23,675 14,245 10,657 67,801
ATMs — 699 1,396 6,228 15,353 5,532 28 29,236
Total — 2,391 4,770 20,386 39,028 19,777 10,685 97,037 
95
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
17. Right-of-use assets and Lease liabilities, continued:

The Bank and its subsidiaries maintain contracts with certain renewal options and for which there is reasonable certainty that said option exercised shall be carried out. In such cases, the lease term used to measure the liability and assets corresponds to an estimate of future renewals.

(d) The<br> changes of the obligations for lease liabilities and the flows for the periods 2025 and 2024<br> are as follows:
Totalcashflow for theperiod
--- --- --- ---
MCh$
Lease liability
Balances as of January 1, 2024 101,480
Liabilities for new lease agreements 14,042
Interest accrued expenses 1,801
Payments of capital and interests (22,513 )
Remeasurement (418 )
Derecognized contracts (381 )
Readjustments 2,491
Balances as of September 30, 2024 96,502
Liabilities for new lease agreements 606
Interest accrued expenses 580
Payments of capital and interests (7,478 )
Remeasurement 183
Derecognized contracts (76 )
Readjustments 1,112
Balances as of December 31, 2024 91,429
Liabilities for new lease agreements 8,795
Interest accrued expenses 1,621
Payments of capital and interests (23,239 )
Remeasurement (222 )
Derecognized contracts (791 )
Readjustments 2,111
Balances as of September 30, 2025 79,704
(e) The<br>future cash flows related to short-term lease agreements in effect as of September 30, 2025 correspond to Ch$3,022 million (Ch$3,557<br>million as of December 31, 2024).
--- ---
(f) As<br>of September 30, 2025, the minimum future rental income to be received from operating leases amounts to Ch$21,683 million (Ch$14,101<br>million as of December 31, 2024).
--- --- 
96
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
18. Taxes:
--- ---
(a) Current<br>Taxes:
--- ---

The Bank and its subsidiaries at the end of each period, have constituted a First Category Income Tax Provision, which was determined based on current tax regulations, and has been reflected in the Interim Statement of Financial Position net of taxes to be recovered or payable, as applicable, as of September 30, 2025 and December 31, 2024 according to the following detail:

September December
2025 2024
MCh$ MCh$
Income tax (252,804 ) (333,719 )
Tax Previous year — —
Less:
Monthly prepaid taxes 200,905 483,615
Credit for training expenses 1,213 1,820
Others 6,509 8,021
Total tax (payable) receivable, net (44,177 ) 159,737
Income tax rate 27 % 27 %
September December
--- --- --- --- --- --- ---
2025 2024
MCh$ MCh$
Current tax assets 5,819 159,869
Current tax liabilities (49,996 ) (132 )
Total tax, net (44,177 ) 159,737
(b) Income<br>Tax:
--- ---

The effect of the tax expense during the periods between January 1 and September 30, 2025 and 2024, is composed of the following:

September September
2025 2024
MCh$ MCh$
Income tax expense:
Current year taxes 256,825 237,774
Tax from previous period (3,710 ) (5,343 )
Subtotal 253,115 232,431
(Credit) charge for deferred taxes:
Origin and reversal of temporary differences (5,914 ) 12,572
Subtotal (5,914 ) 12,572
Others (861 ) (242 )
Net charge to income for income taxes 246,340 244,761 
97
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
18. Taxes,continued:
--- ---
(c) Reconciliation<br>of effective tax rate:
--- ---

The following is a reconciliation of the income tax rate to the effective rate applied to determine the Bank’s income tax expense as of September 30, 2025 and 2024:

September 2025 September 2024
Tax rate Tax rate
% MCh$ % MCh$
Income tax calculated on net income before tax 27.00 316,728 27.00 311,603
Additions or deductions (1.35 ) (15,814 ) (1.32 ) (15,250 )
Price-level restatement (4.59 ) (53,897 ) (4.45 ) (51,322 )
Other (0.06 ) (677 ) (0.02 ) (270 )
Effective rate and income tax expense 21.00 246,340 21.21 244,761
(d) Effect<br>of deferred taxes on income and equity:
--- ---

The Bank and its subsidiaries have recorded the effects of deferred taxes in their Interim Consolidated Financial Statements. Debit and credit differences as of September 30, 2025 are detailed as follows:

. Balancesas ofDecember 31, Effect on Balancesas ofSeptember 30,
**** **** 2024 **** **** Income **** **** Equity **** **** 2025 ****
MCh$ MCh$ MCh$ MCh$
Debit Differences:
Allowances for loan losses 384,945 (15,681 ) — 369,264
Personnel provision 24,636 (5,070 ) — 19,566
Provision disposal undrawn credit lines 3,237 7,745 — 10,982
Staff vacations provisions 11,562 (159 ) — 11,403
Accrued interest adjustments from impaired loans 16,534 277 — 16,811
Staff severance indemnities provision 1,004 (60 ) 17 961
Provision of credit cards expenses 10,968 (55 ) — 10,913
Provision of accrued expenses 10,231 393 — 10,624
Adjustment for valuation of investments and equity instruments at fair value through other comprehensive income 475 — (475 ) —
Leasing 110,943 15,349 — 126,292
Income received in advance 4,114 (471 ) — 3,643
Exchange rate difference — — — —
Property and equipment valuation difference 6,800 1,905 — 8,705
Other adjustments 23,483 4,913 — 28,396
Total Debit Differences 608,932 9,086 (458 ) 617,560
Credit Differences:
Intangible 24,998 2,795 — 27,793
Adjustment for valuation of investments and equity instruments at fair value through other comprehensive income — — 835 835
Transitory assets 9,726 4,192 — 13,918
Loans accrued to effective rate 2,333 (79 ) — 2,254
Prepaid expenses 6,400 (2,986 ) — 3,414
Exchange rate difference 801 (723 ) — 78
Activated bond placement expense 4,895 (12 ) — 4,883
Other adjustments 3,116 (15 ) — 3,101
Total Credit Differences 52,269 3,172 835 56,276
Total Debit (Credit), net 556,663 5,914 (1,293 ) 561,284 
98
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
18. Taxes, continued:
--- ---
(d) Effect<br>of deferred taxes on income and equity, continued:
--- ---

Reconciliation to Interim Statement of Financial Position:

September December
2025 2024
MCh$ MCh$
Deferred tax assets 562,607 556,829
Deferred tax liabilities (1,323 ) (166 )
Total deferred taxes 561,284 556,663

Debit and credit differences as of December 31, 2024 are detailed as follows:

**** **** Balances as of December 31, **** **** Effect on **** **** Balances as of December 31, ****
**** **** 2023 **** **** Income **** **** Equity **** **** 2024 ****
**** **** MCh$ **** **** MCh$ **** **** MCh$ **** **** MCh$ ****
Debit Differences:
Allowances for loan losses 372,267 12,678 — 384,945
Personnel provision 24,404 232 — 24,636
Provision disposal undrawn credit lines 3,183 54 — 3,237
Staff vacations provisions 12,025 (463 ) — 11,562
Accrued interest adjustments from impaired loans 14,937 1,597 — 16,534
Staff severance indemnities provision 1,252 (217 ) (31 ) 1,004
Provision of credit cards expenses 9,857 1,111 — 10,968
Provision of accrued expenses 10,737 (506 ) — 10,231
Adjustment for valuation of investments and equity instruments at fair value through other comprehensive income 277 — 198 475
Leasing 103,352 7,591 — 110,943
Incomes received in advance 5,149 (1,035 ) — 4,114
Exchange rate difference — — — —
Property and equipment valuation difference 2,876 3,924 — 6,800
Other adjustments 31,009 (7,526 ) — 23,483
Total Debit Differences 591,325 17,440 167 608,932
Credit Differences:
Intangible (software and others) 19,085 5,913 — 24,998
Adjustment for valuation of investments and equity instruments at fair value through other comprehensive income — — — —
Transitory assets 8,874 852 — 9,726
Loans accrued to effective rate 2,484 (151 ) — 2,333
Prepaid expenses 10,885 (4,485 ) — 6,400
Exchange rate difference 1,636 (835 ) — 801
Activated bond placement expense 5,257 (362 ) — 4,895
Other adjustments 3,286 (170 ) — 3,116
Total Credit Differences 51,507 762 — 52,269
Total Debit(Credit), net 539,818 16,678 167 556,663 
99
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
18. Taxes, continued:
--- ---
(e) For<br> the purposes of complying with the Circular No. 47 issued by the Chilean Internal Revenue<br> Service (SII) and No. 3,478 issued by the CMF, dated August 18, 2009 the changes and effects<br> generated by the application of Article 31, No. 4 of the Income Tax Law are detailed below.
--- ---

As the circular requires, the information corresponds only to the Bank’s loan operations and does not consider operations of subsidiary entities that are consolidated in these Interim Consolidated Financial Statements.

Assets at tax value
(e.1) Loans and advances to banks and Loans to customers as of September 30, 2025 Book value assets (*) Assets at tax value Past-due loans with guarantees Past-due loans without guarantees Total<br><br> Past-due<br><br> loans
MCh$ MCh$ MCh$ MCh$ MCh$
Loans and advance to banks 2,061,577 2,062,386 — — —
Commercial loans 17,174,485 17,578,092 62,413 104,534 166,947
Consumer loans 5,135,113 5,647,818 887 37,863 38,750
Residential mortgage loans 13,804,608 13,856,758 15,516 1,836 17,352
Total 38,175,783 39,145,054 78,816 144,233 223,049
Assets at tax value
--- --- --- --- --- --- --- --- --- --- ---
(e.1) Loans and advances to banks and Loans to customers as of December 31, 2024 Book value assets (*) Assets at tax value Past-due loans with guarantees Past-due loans without guarantees Total<br><br> Past-due<br><br> loans
MCh$ MCh$ MCh$ MCh$ MCh$
Loans and advance to banks 666,815 667,703 — — —
Commercial loans 17,209,033 17,619,880 48,979 94,025 143,004
Consumer loans 5,183,601 5,648,054 1,357 34,500 35,857
Residential mortgage loans 13,180,186 13,227,905 13,908 685 14,593
Total 36,239,635 37,163,542 64,244 129,210 193,454
(*) In<br>accordance with the aforementioned Circular and the instructions from the SII, the value of assets in the Interim Financial Statements<br>are presented on an stand-alone basis (only considering Banco de Chile) net of allowance for loan losses and do not include lease and<br>factoring operations.
--- --- 
100
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
18. Taxes,continued:
--- ---
(e.2)  Allowances on past-due loans Balance as of<br> <br>January 1, 2025 Write-offs<br><br> against<br><br> provisions Allowances<br><br> established ****<br><br>Allowances released Balance<br><br> as of<br><br> September 30,<br><br> 2025
--- --- --- --- --- --- --- --- --- --- --- --- ---
MCh$ MCh$ MCh$ MCh$ MCh$
Commercial loans 94,025 (43,591 ) 84,502 (30,402 ) 104,534
Consumer loans 34,500 (246,273 ) 261,997 (12,361 ) 37,863
Residential mortgage loans 685 (1,431 ) 3,428 (846 ) 1,836
Total 129,210 (291,295 ) 349,927 (43,609 ) 144,233
(e.2)  Allowances on past-due loans Balance<br><br> as of<br><br> January 1,<br><br> 2024 Write-offs<br><br> against<br><br> provisions Allowances<br><br> established Allowances<br><br> released Balance<br><br> as of<br><br> December 31,<br><br> 2024
--- --- --- --- --- --- --- --- --- --- --- --- ---
MCh$ MCh$ MCh$ MCh$ MCh$
Commercial loans 107,464 (93,816 ) 123,192 (42,815 ) 94,025
Consumer loans 37,532 (330,064 ) 348,148 (21,116 ) 34,500
Residential mortgage loans 586 (1,610 ) 2,820 (1,111 ) 685
Total 145,582 (425,490 ) 474,160 (65,042 ) 129,210
September December
--- --- --- --- ---
(e.3)  Write-offs and recoveries 2025 2024
MCh$ MCh$
Write-offs, Art. 31 No. 4 second subparagraph 27,858 26,248
Write-offs resulting in allowances released 221 77
Recovery or renegotiation of written-off loans 1,298 1,306
September December
--- --- --- --- ---
(e.4)  Application of Art. 31 No. 4 first & third subsections of the income tax law 2025 2024
MCh$ MCh$
Write-offs in accordance with first subparagraph — —
Write-offs in accordance with third subparagraph 221 77 
101
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
19. Other<br>Assets:
--- ---

At the end of each period, this line item is composed of the following:

September December
2025 2024
MCh$ MCh$
Accounts receivable from the General Treasury of the Republic and other fiscal organizations 405,932 349,282
Cash collateral provided for derivative financial transactions 395,177 347,788
Accounts receivable from third parties 283,020 195,364
Debtors from brokerage of financial instruments 241,800 195,252
Assets to be leased out as lessor (*) 130,695 162,594
Prepaid expenses 58,157 53,645
Income from regular activities from contracts with customers 21,828 24,006
Other provided cash collateral 13,616 14,806
Investment properties 11,138 11,406
Pending transactions 3,192 3,351
Accumulated impairment in respect of other assets receivable (4,145 ) (1,817 )
Other Assets 20,389 17,864
Total 1,580,799 1,373,541
(*) Correspond<br>to fixed assets to be delivered under the financial lease modality.
--- --- 
102
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
20. Non-current assets and disposal groups held for sale and Liabilities included in disposal groups for sale:
--- ---
(a) At<br>the end of each period, the item is composed as follows:
--- ---
September December
--- --- --- --- --- --- ---
2025 2024
MCh$ MCh$
Assets received in lieu of payment or awarded at judicial sale (*)
Assets awarded in judicial auction 26,464 27,854
Assets received in lieu of payment 1,406 5,075
Provision for assets received in lieu of payment or awarded (41 ) (82 )
Non-current assets for sale
Investments in other companies — —
Assets for recovery of assets transferred in financial leasing operations 1,484 603
Disposal groups held for sale —
Total 29,313 33,450
(*) Assets<br>received in lieu of payment refer to assets accepted as payment for past-due or written-off debts owed by customers. The assets acquired<br>in this manner does not exceed 20% of the Bank’s effective equity.
--- ---
(b) The<br> changes of the provision for assets received in lieu of payment during the period 2025 and<br> 2024 are as follows:
--- ---
Provision for assets received in lieu of payment MCh$
--- --- --- ---
Balance as of January 1, 2024 60
Provisions used (1,383 )
Provisions established 1,404
Provisions released —
Balance as of September 30, 2024 81
Provisions used (507 )
Provisions established 508
Provisions released —
Balance as of December 31, 2024 82
Provisions used (1,913 )
Provisions established 1,872
Provisions released —
Balance as of September 30, 2025 41
(c) The<br> Bank does not present liabilities classified in the disposal group for sale during the periods<br> September 2025 and December 2024.
--- --- 
103
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
21. Financial<br>liabilities held for trading at fair value through profit or loss:
--- ---

The item detail is as follows:

September December
2025 2024
MCh$ MCh$
Financial derivative contracts 1,912,284 2,444,806
Other financial instruments 1,381 990
Total 1,913,665 2,445,796
a) As<br> of September 30, 2025 and December 31, 2024, the Bank maintains the following debt portfolio<br> of derivative instruments:
--- ---
Notional<br> amount of contract with final expiration date in
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Demand Up<br> to 1 month Over<br> 1 month and<br><br> up to 3 months Over<br> 3 months and<br><br> up to 12 months Over<br> 1 year and<br><br> up to 3 years Over<br> 3 year and<br><br> up to 5 years Over<br> 5 years Total Fair value Liabilities
September December September December September December September December September December September December September December September December September December
2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Currency<br> forward — — 6,972,131 3,638,001 2,191,990 2,003,870 3,679,822 2,583,070 528,176 863,850 13,123 — — — 13,385,242 9,088,791 154,159 241,632
Interest<br> rate swap — — 3,751,404 619,104 1,926,224 1,627,918 7,991,562 4,583,573 6,980,638 7,622,130 4,316,073 3,963,087 3,694,087 3,921,627 28,659,988 22,337,439 455,831 650,580
Interest<br> rate swap and cross currency swap — — 486,140 96,844 383,906 198,892 1,874,834 2,331,613 3,118,369 2,909,482 2,603,845 1,978,681 2,942,041 2,879,356 11,409,135 10,394,868 1,299,991 1,547,488
Call<br> currency options — — 7,650 10,499 17,397 38,376 19,847 18,825 — — — — — — 44,894 67,700 1,656 4,151
Put<br> currency options — — 3,100 4,761 15,707 46,913 18,187 64,449 — 11,340 — — — — 36,994 127,463 647 955
Total — — 11,220,425 4,369,209 4,535,224 3,915,969 13,584,252 9,581,530 10,627,183 11,406,802 6,933,041 5,941,768 6,636,128 6,800,983 53,536,253 42,016,261 1,912,284 2,444,806
b) Other<br> instruments or financial liabilities:
--- ---
September December
--- --- --- --- ---
2025 2024
MCh$ MCh$
Current accounts and other demand deposits — —
Savings accounts and other time deposits — —
Debt instruments issued — —
Others 1,381 990
Total 1,381 990 
104
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
22. Financial<br>liabilities at amortized cost:
--- ---

The item detail is as follows:

September December
2025 2024
MCh$ MCh$
Current accounts and other demand deposits 14,323,346 14,263,303
Saving accounts and time deposits 15,139,286 14,168,703
Obligations by repurchase agreements and securities lending 168,080 109,794
Borrowings from financial institutions 1,525,228 1,103,468
Debt financial instruments issued 11,335,551 9,690,069
Other financial obligations 281,542 284,479
Total 42,773,033 39,619,816
(a) Current<br> accounts and other demand deposits:
--- ---

At the end of each period, the composition of current accounts and other demand deposits is as follows:

September December
2025 2024
MCh$ MCh$
Current accounts 11,652,848 11,769,419
Other demand obligations 1,495,096 1,382,554
Demand deposits accounts 700,115 652,075
Other demand deposits 475,287 459,255
Total 14,323,346 14,263,303
(b) Saving<br> accounts and time deposits:
--- ---

At the end of each period, the composition of saving accounts and time deposits is as follows:

September December
2025 2024
MCh$ MCh$
Time deposits 14,713,755 13,764,830
Term savings accounts 404,805 374,593
Other term balances payable 20,726 29,280
Total 15,139,286 14,168,703 
105
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
22. Financialliabilities at amortized cost, continued:
--- ---
(c) Obligations<br> by repurchase agreements and securities lending:
--- ---

The Bank obtains financing by selling financial instruments and agreeing to repurchase them in the future, plus interest at a prefixed rate. As of September 30, 2025 and December 31, 2024, the repurchase agreements are the following:

September December
2025 2024
MCh$ MCh$
Transaction with domestic banks — —
Transaction with foreign banks — —
Transaction with other domestic entities
Repurchase agreements 168,080 109,794
Transaction with other foreign entities — —
Total 168,080 109,794

The fair value of the financial instruments delivered as collateral by the Bank and its subsidiaries, in sales transactions with repurchase agreement and securities lending as of September 30, 2025 amounts to Ch$167,505 million (Ch$109,505 million in December 2024). In the event that the Bank and its subsidiaries enter into default or bankruptcy, the counterparty is authorized to sell or deliver these investments as collateral.

(d) Borrowings<br> from Financial Institutions:

At the end of each period, borrowings from financial institutions are detailed as follows:

September December
2025 2024
MCh$ MCh$
Foreign banks
Foreign trade financing
Bank of America 351,300 124,057
HSBC Bank 270,482 245,469
JP Morgan Chase Bank 179,484 —
Bank of New York Mellon 150,540 240,008
Citibank N.A. United States 138,626 2,189
Zurcher Kantonalbank 116,344 90,386
Caixabank S.A. 107,752 201,802
Standard Chartered Bank 15,715 2,685
HSBC Bank PLC London 198 —
Commerzbank AG 184 1,417
Wells Fargo Bank 134 1,890
DZ Bank AG Deutsche — 41,646
MUFG Bank, LTD 66 71
Borrowings and other obligations
Wells Fargo Bank 147,549 150,775
Citibank N.A. United States 45,976 —
Citibank N.A. United Kingdom 878 986
Deutsche Bank Trust Company Americas — 87
Subtotal foreign banks 1,525,228 1,103,468
Chilean Central Bank (*) — —
Total 1,525,228 1,103,468 
106
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
22. Financialliabilities at amortized cost, continued:
--- ---
(e) Debt<br> financial instruments issued:

At the end of each period, the composition of debt financial instruments issued as follows:

September December
2025 2024
MCh$ MCh$
Letters of credit
Letters of credit for housing 604 849
Letters of credit for general purposes — 1
Bonds
Current Bonds 11,334,947 9,689,219
Mortgage bonds — —
Total 11,335,551 9,690,069

During the period ended September 30, 2025 Banco de Chile has placed bonds for Ch$2,331,480 million, which corresponds to Short-Term Bonds and Long-Term Bonds for amounts of Ch$587,026 and Ch$1,744,454 million respectively, according to the following details:

Short-termBonds

****<br><br>Counterparty Currency Amount<br><br> MCh$ Annual<br><br> interest rate<br><br> % Issued<br> <br>date Maturity<br><br> date
Wells Fargo Bank 98,630 4.68 01-27-2025 05-02-2025
Wells Fargo Bank 98,630 4.65 01-27-2025 08-01-2025
Wells Fargo Bank 92,519 4.55 03-07-2025 04-07-2025
Wells Fargo Bank 9,252 4.45 03-07-2025 09-05-2025
Wells Fargo Bank 93,634 4.60 06-25-2025 10-01-2025
Wells Fargo Bank 93,062 4.55 06-26-2025 11-03-2025
Wells Fargo Bank 4,653 4.55 06-26-2025 07-31-2025
Wells Fargo Bank 96,646 4.45 08-05-2025 12-08-2025
Total 587,026

All values are in US Dollars.

107
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
22. Financialliabilities at amortized cost, continued:
--- ---
(e) Debt<br> financial instruments issued, continued:
--- ---

Long-TermBonds

Serie Currency Amount<br><br> MCh$ Terms<br> <br>Years Annual<br><br> interest rate<br><br> % Issued<br> <br>date Maturity<br><br> date
BCHIFC0721 UF 22,830 5 2.97 03-17-2025 01-01-2030
BCHIFC0721 UF 11,422 5 2.97 03-20-2025 01-01-2030
BCHIFC0721 UF 40,001 5 2.97 03-21-2025 01-01-2030
BCHIFC0721 UF 30,548 5 2.96 04-01-2025 01-01-2030
BCHIFO0721 UF 34,577 7 2.92 04-03-2025 01-01-2032
BCHIFH1221 UF 33,047 6 2.84 04-15-2025 12-01-2030
BCHIGG1121 UF 38,413 10 3.03 04-17-2025 05-01-2035
BCHIHD0424 UF 81,115 10 3.03 04-17-2025 10-01-2034
BCHIFH1221 UF 11,679 6 2.92 05-07-2025 12-01-2030
BCHIGG1121 UF 5,712 10 3.03 05-09-2025 05-01-2035
BCHIHN1223 UF 12,517 15 3.06 05-09-2025 12-01-2039
BCHIFA0222 UF 22,900 3 2.77 05-30-2025 08-01-2028
BCHIFH1221 UF 9,575 6 3.06 05-30-2025 12-01-2030
BCHIFH1221 UF 13,407 6 3.06 06-02-2025 12-01-2030
BCHIFH1221 UF 9,581 6 3.05 06-02-2025 12-01-2030
BCHIFH1221 UF 8,667 6 3.04 06-03-2025 12-01-2030
BCHIFH1221 UF 4,145 6 3.04 06-06-2025 12-01-2030
BCHIFH1221 UF 25,567 6 3.04 06-10-2025 12-01-2030
BCHIFO0721 UF 19,306 7 3.06 06-10-2025 01-01-2032
BCHIGG1121 UF 23,174 10 3.15 07-03-2025 05-01-2035
BCHICI0815 UF 19,989 8 3.14 07-09-2025 02-01-2033
BCHICG0815 UF 49,639 7 3.14 07-10-2025 08-01-2032
BCHICH1215 UF 15,721 8 3.14 07-10-2025 12-01-2032
BCHICI0815 UF 5,996 8 3.14 07-10-2025 02-01-2033
BCHIHW1223 UF 65,578 19 3.21 07-15-2025 06-01-2044
BCHIGB0322 UF 8,589 9 3.18 07-17-2025 09-01-2034
BCHIGB0322 UF 9,557 9 3.16 07-18-2025 09-01-2034
BCHIGB0322 UF 5,747 9 3.13 07-21-2025 09-01-2034
BCHIGB0322 UF 19,187 9 3.11 07-22-2025 09-01-2034
BCHIGG1121 UF 5,718 10 3.11 07-22-2025 05-01-2035
BCHIHW1223 UF 18,489 19 3.19 07-22-2025 06-01-2044
BCHIGG1121 UF 3,870 10 2.99 08-22-2025 05-01-2035
BCHIHN1223 UF 22,894 15 3.06 08-27-2025 12-01-2039
BCHIGG1121 UF 15,519 10 3.01 09-04-2025 05-01-2035
BCHIHW1223 UF 8,374 19 3.12 09-04-2025 06-01-2044
BCHIGA1121 UF 38,815 9 3.05 09-05-2025 05-01-2034
BCHIGD0721 UF 153,769 10 3.09 09-05-2025 01-01-2035
BCHIHI1223 UF 206,194 12 3.13 09-05-2025 06-01-2037
BCHIGA1121 UF 31,211 9 2.99 09-11-2025 05-01-2034
BCHIGA1121 UF 1,951 9 2.99 09-15-2025 05-01-2034
BCHIHW1223 UF 23,076 19 3.12 09-15-2025 06-01-2044
BCHIHN1223 UF 41,978 14 3.03 09-16-2025 12-01-2039
BCHIFU0522 UF 64,527 7 2.91 09-17-2025 11-01-2032
BCHIGA1121 UF 21,475 9 2.99 09-17-2025 05-01-2034
BCHIFU0522 UF 31,288 7 2.91 09-22-2025 11-01-2032
BCHIGA1121 UF 5,862 9 2.98 09-22-2025 05-01-2034
BCHIHH1223 UF 87,021 11 3.08 09-22-2025 12-01-2036
BCHIHH1223 UF 66,367 11 3.07 09-23-2025 12-01-2036
BCHIFU0522 UF 5,873 7 2.90 09-25-2025 11-01-2032
Subtotal UF 1,512,457 
108
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
22. Financialliabilities at amortized cost, continued:
--- ---
(e) Debt<br> financial instruments issued, continued:
--- ---

Long-TermBonds

Serie Currency Amount<br><br> MCh$ Terms<br> <br>Years Annual<br><br> interest rate<br><br> % Issued<br> <br>date Maturity<br><br> date
BONO CHF CHF 115,739 6 1.1875 06-17-2025 07-15-2031
BONO JPY 65,260 5 1.635 06-18-2025 06-27-2030
BONO MXN MXN 50,998 5 TIIE (28 days) + 1.05 07-09-2025 07-17-2030
Subtotal other currencies 231,997
Total 1,744,454

All values are in Japanese Yen.

During the year ended December 31, 2024, Banco de Chile has placed bonds of Ch$1,012,638 million, which corresponds to Short-Term Bonds and Long-Term Bonds of Ch$28,049 million and Ch$984,589 million respectively, according to the following details:

Short-termBonds

****<br><br>Counterparty Currency Amount<br><br> MCh$ Annual<br><br> interest rate<br><br> % Issued<br> <br>date Maturity<br><br> date
Wells Fargo Bank 28,049 5.46 05-07-2024 08-07-2024
Total 28,049

All values are in US Dollars.

109
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
22. Financialliabilities at amortized cost, continued:
--- ---
(e) Debt<br> financial instruments issued, continued:
--- ---

Long-TermBonds

Serie Currency Amount<br><br> MCh$ Terms<br> <br>Years Annual<br><br> interest rate<br><br> % Issued<br> <br>date Maturity<br><br> date
BCHIEZ1121 UF 107,462 4 3.72 01-15-2024 05-01-2028
BCHIEZ1121 UF 31,197 4 3.72 01-16-2024 05-01-2028
BCHICE1215 UF 21,998 7 3.20 01-31-2024 12-01-2031
BCHICH1215 UF 7,350 8 3.15 02-08-2024 12-01-2032
BCHIFA0222 UF 32,349 4 3.25 03-15-2024 08-01-2028
BCHIFA0222 UF 19,518 4 3.32 03-21-2024 08-01-2028
BCHIEY1021 UF 12,474 4 3.29 03-22-2024 04-01-2028
BCHIFA0222 UF 14,228 4 3.29 03-25-2024 08-01-2028
BCHIGG1121 UF 12,345 11 3.35 03-26-2024 05-01-2035
BCHIFA0222 UF 3,566 4 3.24 03-27-2024 08-01-2028
BCHIEY1021 UF 17,696 4 3.28 04-04-2024 04-01-2028
BCHIEX0122 UF 9,231 1 3.10 04-12-2024 07-01-2025
BCHIEX0122 UF 14,793 1 3.02 04-17-2024 07-01-2025
BCHIHX1223 UF 32,225 20 3.49 05-08-2024 12-01-2044
BCHIHX1223 UF 11,376 20 3.49 05-09-2024 12-01-2044
BCHIHX1223 UF 5,727 20 3.46 05-17-2024 12-01-2044
BCHIHX1223 UF 15,283 20 3.46 05-22-2024 12-01-2044
BCHIHX1223 UF 37,202 20 3.55 06-04-2024 12-01-2044
BCHIFO0721 UF 3,575 8 3.48 06-06-2024 01-01-2032
BCHIEY1021 UF 3,606 4 3.20 06-10-2024 04-01-2028
BCHIGG1121 UF 8,366 11 3.53 06-11-2024 05-01-2035
BCHIFB1021 UF 21,220 5 3.35 06-12-2024 04-01-2029
BCHIEY1021 UF 12,648 4 3.29 07-09-2024 04-01-2028
BCHIFB1021 UF 39,504 5 3.50 07-09-2024 04-01-2029
BCHIFB1021 UF 1,796 5 3.49 07-09-2024 04-01-2029
BCHIFB1021 UF 5,399 5 3.45 07-10-2024 04-01-2029
BCHIFC0721 UF 37,442 6 3.47 07-11-2024 01-01-2030
BCHIFC0721 UF 7,147 6 3.43 07-12-2024 01-01-2030
BCHIHX1223 UF 7,550 20 3.50 07-18-2024 12-01-2044
BCHIFB1021 UF 25,454 5 3.23 07-23-2024 04-01-2029
BCHIFA0222 UF 18,404 4 3.04 07-24-2024 08-01-2028
BCHIFO0721 UF 19,198 8 2.50 09-27-2024 01-01-2032
BCHIHX1223 UF 94,840 20 2.36 09-30-2024 12-01-2044
BCHIHP1223 UF 220,035 16 2.37 10-01-2024 12-01-2040
Subtotal 932,204
BONO HKD HKD 52,385 10 4.22 02-02-2024 02-09-2034
Subtotal other currencies 52,385
Total 984,589 
110
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
22. Financialliabilities at amortized cost, continued:
--- ---

As of September 30, 2025 and December 31, 2024, the Bank has not presented defaults in the payment of principal and interest on its debt instruments. Likewise, there have been no breaches of covenants and other commitments associated with the debt instruments issued.

(f) Other<br> Financial Obligations:

At the end of each period, the composition of other financial obligations is as follows:

September December
2025 2024
MCh$ MCh$
Other Chilean financial obligations 281,542 284,479
Other financial obligations with the Public sector — —
Total 281,542 284,479
23. Regulatory<br>capital financial instruments:
--- ---
a) At<br> the end of each period, this item is composed as follows:
--- ---
September December
--- --- --- --- ---
2025 2024
MCh$ MCh$
Subordinated bonds
Subordinated bonds with transitory recognition — —
Subordinated bonds 1,095,083 1,068,879
Bonds with no fixed term of maturity — —
Preferred stock — —
Total 1,095,083 1,068,879
b) Issuances<br> of regulatory capital financial instruments in the period:
--- ---

As of September 30, 2025 and December 31, 2024, no issues of regulatory capital financial instruments have been made.

111
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
23. Regulatorycapital financial instruments, continued:
--- ---
c) Changes<br> in regulatory capital financial instruments:
Subordinated bonds Bonds with no maturity Preferred <br><br>shares
--- --- --- --- --- --- --- ---
MCh$ MCh$ MCh$
Balance as of January 1, 2024 1,039,814 — —
Emissions made — — —
Transaction costs — — —
Transaction costs amortization — — —
Accrued interest 34,551 — —
Acquisition or redemption by the issuer — — —
Modification of the issuance conditions — — —
Interest and UF indexation payments to the holder (41,432 ) — —
Principal payments to the holder (9,205 ) — —
Accrued UF indexation 45,151 — —
Exchange rate differences — — —
Depreciation — — —
Reappraisal — — —
Expiration — — —
Conversion to common shares — — —
Balance as of December 31, 2024 1,068,879 — —
Balance as of January 1, 2025 1,068,879 — —
Emissions made — — —
Transaction costs — — —
Transaction costs amortization — — —
Accrued interest 26,393 — —
Acquisition or redemption by the issuer — — —
Modification of the issuance conditions — — —
Interest and UF indexation payments to the holder (23,790 ) — —
Principal payments to the holder (5,698 ) — —
Accrued UF indexation 29,299 — —
Exchange rate differences — — —
Depreciation — — —
Reappraisal — — —
Expiration — — —
Conversion to common shares — — —
Balance as of September 30, 2025 1,095,083 — — 
112
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
23. Regulatorycapital financial instruments, continued:
--- ---
d) Below<br> is the detail of the subordinated bonds due as of September 30, 2025 and December 31, 2024:
September 2025
--- --- --- --- --- --- --- --- --- ---
Serie Currency Issuance currency amount Interest rate<br> % Registration date Maturity date Balance due<br> MCh$
C1 UF 300,000 7.5 12/06/1999 01/01/2030 4,067
C1 UF 200,000 7.4 12/06/1999 01/01/2030 2,714
C1 UF 530,000 7.1 12/06/1999 01/01/2030 7,233
C1 UF 300,000 7.1 12/06/1999 01/01/2030 4,096
C1 UF 50,000 6.5 12/06/1999 01/01/2030 690
C1 UF 450,000 6.6 12/06/1999 01/01/2030 6,211
D1 UF 2,000,000 3.6 06/20/2002 04/01/2026 7,208
F UF 1,000,000 5.0 11/28/2008 11/01/2033 38,928
F UF 1,500,000 5.0 11/28/2008 11/01/2033 58,391
F UF 759,000 4.5 11/28/2008 11/01/2033 30,513
F UF 241,000 4.5 11/28/2008 11/01/2033 9,688
F UF 4,130,000 4.2 11/28/2008 11/01/2033 168,749
F UF 1,000,000 4.3 11/28/2008 11/01/2033 40,859
F UF 70,000 4.2 11/28/2008 11/01/2033 2,868
F UF 4,000,000 3.9 11/28/2008 11/01/2033 167,754
F UF 2,300,000 3.8 11/28/2008 11/01/2033 96,775
G UF 600,000 4.0 11/29/2011 11/01/2036 23,572
G UF 50,000 4.0 11/29/2011 11/01/2036 1,964
G UF 80,000 3.9 11/29/2011 11/01/2036 3,162
G UF 450,000 3.9 11/29/2011 11/01/2036 17,802
G UF 160,000 3.9 11/29/2011 11/01/2036 6,330
G UF 1,000,000 2.7 11/29/2011 11/01/2036 44,091
G UF 300,000 2.7 11/29/2011 11/01/2036 13,228
G UF 1,360,000 2.6 11/29/2011 11/01/2036 60,125
J UF 1,400,000 1.0 11/29/2011 11/01/2042 79,584
J UF 1,500,000 1.0 11/29/2011 11/01/2042 85,380
J UF 1,100,000 1.0 11/29/2011 11/01/2042 63,030
I UF 900,000 1.0 11/29/2011 11/01/2040 50,071
Total subordinated bonds due 1,095,083 
113
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
23. Regulatorycapital financial instruments, continued:
--- ---
December 2024
Serie Currency Issuance currency amount Interest rate<br> % Registration date Maturity date Balance due<br> MCh$
C1 UF 300,000 7.5 12/06/1999 01/01/2030 4,761
C1 UF 200,000 7.4 12/06/1999 01/01/2030 3,178
C1 UF 530,000 7.1 12/06/1999 01/01/2030 8,472
C1 UF 300,000 7.1 12/06/1999 01/01/2030 4,797
C1 UF 50,000 6.5 12/06/1999 01/01/2030 809
C1 UF 450,000 6.6 12/06/1999 01/01/2030 7,283
D1 UF 2,000,000 3.6 06/20/2002 04/01/2026 10,335
F UF 1,000,000 5.0 11/28/2008 11/01/2033 37,358
F UF 1,500,000 5.0 11/28/2008 11/01/2033 56,037
F UF 759,000 4.5 11/28/2008 11/01/2033 29,365
F UF 241,000 4.5 11/28/2008 11/01/2033 9,324
F UF 4,130,000 4.2 11/28/2008 11/01/2033 162,631
F UF 1,000,000 4.3 11/28/2008 11/01/2033 39,377
F UF 70,000 4.2 11/28/2008 11/01/2033 2,764
F UF 4,000,000 3.9 11/28/2008 11/01/2033 162,042
F UF 2,300,000 3.8 11/28/2008 11/01/2033 93,507
G UF 600,000 4.0 11/29/2011 11/01/2036 22,697
G UF 50,000 4.0 11/29/2011 11/01/2036 1,891
G UF 80,000 3.9 11/29/2011 11/01/2036 3,046
G UF 450,000 3.9 11/29/2011 11/01/2036 17,149
G UF 160,000 3.9 11/29/2011 11/01/2036 6,097
G UF 1,000,000 2.7 11/29/2011 11/01/2036 42,768
G UF 300,000 2.7 11/29/2011 11/01/2036 12,831
G UF 1,360,000 2.6 11/29/2011 11/01/2036 58,330
J UF 1,400,000 1.0 11/29/2011 11/01/2042 77,836
J UF 1,500,000 1.0 11/29/2011 11/01/2042 83,509
J UF 1,100,000 1.0 11/29/2011 11/01/2042 61,667
I UF 900,000 1.0 11/29/2011 11/01/2040 49,018
Total subordinated bonds due 1,068,879
24. Provisions<br>for contingencies:
--- ---
(a) At<br> the end of each period, this item is composed as following:
--- ---
September December
--- --- --- --- ---
2025 2024
MCh$ MCh$
Provisions for employee benefit obligations 130,481 151,633
Provisions for obligations of customer loyalty and merit programs 40,420 40,621
Provisions for lawsuits and litigation 1,948 1,592
Provisions for operational risk 440 907
Provisions of a foreign bank branch for profit remittances to its parent company — —
Provisions for restructuring plans — —
Other provisions for contingencies — —
Total 173,289 194,753 
114
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
24. Provisionsfor contingencies, continued;
--- ---
(b) The<br> following table shows the changes in provisions during the period 2025 and 2024:
--- ---
Provisions for<br><br> employee<br><br> benefit<br><br> obligations Provisions of a<br>foreign bank<br><br> <br>branch for profit<br><br> remittances to its<br><br> parent company Provisions for<br><br> restructuring<br><br> plans Provisions for <br><br>lawsuits and<br><br> litigation Provisions for<br><br> obligations of<br><br> customer loyalty<br><br> and merit<br><br> programs Provisions for<br><br> operational risk Other<br><br> provisions for<br><br> contingencies Total
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Balances as of January 1, 2024 154,132 — — 1,173 36,242 341 264 192,152
Provisions established 75,058 — — 864 358 139 — 76,419
Provisions used (100,693 ) — — (367 ) — (157 ) — (101,217 )
Provisions released — — — (129 ) — (99 ) (264 ) (492 )
Balances as of September 30, 2024 128,497 — — 1,541 36,600 224 — 166,862
Provisions established 42,944 — — 174 4,021 697 — 47,836
Provisions used (19,808 ) — — (115 ) — — — (19,923 )
Provisions released — — — (8 ) — (14 ) — (22 )
Balances as of December 31, 2024 151,633 — — 1,592 40,621 907 — 194,753
Provisions established 77,128 — — 535 — 253 — 77,916
Provisions used (98,280 ) — — (75 ) — (644 ) — (98,999 )
Provisions released — — — (104 ) (201 ) (76 ) — (381 )
Balances as of September 30, 2025 130,481 — — 1,948 40,420 440 — 173,289
(c) Provisions<br> for employee benefit obligations:
--- ---
September December
--- --- --- --- ---
2025 2024
MCh$ MCh$
Provision of short-term employee benefits 122,092 143,305
Provision of benefits to employees for contract termination 8,389 8,328
Provision of benefits to post-employment employees — —
Provision of long-term employee benefits — —
Provision of share-based employee benefits — —
Provision for obligations for defined contribution post-employment plans — —
Provision for obligations for post-employment defined benefit plans — —
Provision for other employee obligations — —
Total 130,481 151,633 
115
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
24. Provisionsfor contingencies, continued;
--- ---
(d) Provision<br> of short-term employee benefits:
--- ---
(i) Compliance<br>bonuses provision:
--- ---
September September
--- --- --- --- --- --- ---
2025 2024
MCh$ MCh$
Balances as of January 1 68,356 71,102
Net provisions established 40,422 42,285
Provisions used (54,878 ) (56,687 )
Total 53,900 56,700
(ii) Vacation<br> provision:
--- ---
September September
--- --- --- --- --- --- ---
2025 2024
MCh$ MCh$
Balances as of January 1 42,824 43,257
Net provisions established 4,752 7,028
Provisions used (5,293 ) (6,479 )
Total 42,283 43,806
(iii) Provision<br> of other benefits to personnel:
--- ---
September September
--- --- --- --- --- --- ---
2025 2024
MCh$ MCh$
Balances as of January 1 32,125 30,096
Net provisions established 31,550 25,035
Provisions used (37,766 ) (35,609 )
Total 25,909 19,522
(e) Provision<br> for benefits to employees for contract termination:
--- ---
(i) Changes<br> of the provision for employee benefits due to the termination of the employment contract:
--- ---
September September
--- --- --- --- --- --- ---
2025 2024
MCh$ MCh$
Present value of the obligations at the beginning of the period 8,328 9,677
Increase in provision 342 825
Benefit paid (343 ) (1,918 )
Effect of change in actuarial factors 62 (115 )
Total 8,389 8,469 
116
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
24. Provisionsfor contingencies, continued;
--- ---
(e) Provision<br> of benefits to employees for contract termination, continued:
--- ---
(ii) Net<br> benefits expenses:
--- ---
September September
--- --- --- --- --- --- ---
2025 2024
MCh$ MCh$
Increase (decrease) in provisions (114 ) 382
Interest cost of benefits obligations 456 443
Effect of change in actuarial factors 62 (115 )
Net benefit expenses 404 710
(iii) Factors<br> used in the calculation of the provision:
--- ---

The main assumptions used in the determination of severance indemnity obligations for the Bank’s plan are shown below:

September 30,<br> <br>2025 December 31,<br><br> 2024
% %
Discount rate 5.71 5.71
Salary increase rate 5.50 4.50
Payment probability 99.99 99.99

The most recent actuarial valuation of the staff severance indemnities provision was carried out during the first quarter of 2025.

(f) Share-based<br> compensation programs:

As of September 30, 2025 and December 31, 2024, the Bank and its subsidiaries do not have a share-based compensation plan.

117
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
25. Provision for dividends, interests and reappraisal of regulatory capital financial instruments:
--- ---
(a) The<br> detail of this line item is as follows:
--- ---
September December
--- --- --- --- ---
2025 2024
MCh$ MCh$
Provisions for dividends 468,332 597,228
Provisions for payment of interest on bonds with no fixed maturity term — —
Provision for reappreciation of bonds without a fixed term of maturity — —
Total 468,332 597,228
(b) Changes<br> at the end of each period are detailed as follows:
--- ---
Provisions<br><br> for dividends Provisions for<br><br> payment of<br><br> interest on<br><br> bonds with no<br><br> fixed maturity<br><br> term Provision for<br><br> reappreciation<br><br> of bonds<br><br> without a<br><br> fixed term of<br><br> maturity Total
--- --- --- --- --- --- --- --- --- --- ---
MCh$ MCh$ MCh$ MCh$
Balances as of January 1, 2024 611,949 — — 611,949
Provisions established 460,587 — — 460,587
Provisions used (611,949 ) — — (611,949 )
Provisions released — — — —
Balances as of September 30, 2024 460,587 — — 460,587
Provisions established 136,641 — — 136,641
Provisions used — — — —
Provisions released — — — —
Balances as of December 31, 2024 597,228 — — 597,228
Provisions established 468,332 — — 468,332
Provisions used (597,228 ) — — (597,228 )
Provisions released — — — —
Balances as of September 30, 2025 468,332 — — 468,332 
118
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
26. Special<br>provisions for credit risk:
--- ---
a) At<br> the end of each period, this item is composed as follows:
--- ---
September December
--- --- --- --- ---
2025 2024
MCh$ MCh$
Additional loan provisions (*) 631,217 700,252
Provisions for credit risk for contingent loans (**) 85,686 67,537
Provisions for country risk for transactions with debtors with residence abroad 11,722 6,395
Special provisions for loans abroad — —
Provisions for adjustments to the minimum provision required for normal portfolio with individual evaluation — —
Provisions established by credit risk because of additional prudential requirements — —
Total 728,625 774,184
(*) To<br>address the impact of applying the standard provisioning model for consumer loans, additional provisions of Ch$69,035 million were released<br>in January 2025. See Note 4, Changes in Accounting Policies.
--- ---
(**) Changes<br>in provisions for credit risk for contingent loans are disclosed in Note 13 letter (f).
--- ---
b) Changes<br> in provisions for special credit risk are detailed as follows:
--- ---
Additional<br><br> loan<br><br> provisions Provisions<br><br> for credit<br><br> risk for<br><br> contingent<br><br> loans Provisions for<br><br> country risk for<br><br> transactions<br><br> with debtors<br><br> with residence<br><br> abroad Total
--- --- --- --- --- --- --- --- --- --- --- --- ---
MCh$ MCh$ MCh$ MCh$
Balances as of January 1, 2024 700,252 61,227 7,668 769,147
Provisions established — — 4,293 4,293
Provisions used — — — —
Provisions released — (1,761 ) — (1,761 )
Foreign exchange differences — 325 — 325
Balances as of September 30, 2024 700,252 59,791 11,961 772,004
Provisions established — 6,644 2,447 9,091
Provisions used — — — —
Provisions released — — (8,013 ) (8,013 )
Foreign exchange differences — 1,102 — 1,102
Balances as of December 31, 2024 700,252 67,537 6,395 774,184
Provisions established — 18,568 5,327 23,895
Provisions used — — — —
Provisions released (69,035 ) — — (69,035 )
Foreign exchange differences — (419 ) — (419 )
Balances as of September 30, 2025 631,217 85,686 11,722 728,625 
119
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
27. Other<br>Liabilities:
--- ---

At the end of each period, this item is composed as follows:

September December
2025 2024
MCh$ MCh$
Creditors for intermediation of financial instruments 707,217 193,171
Accounts payable to third parties 516,098 425,733
Obligations for mortgage loans granted to be remitted to other banks and/or real estate companies 299,707 362,021
Cash guarantees received for derivative financial transactions 170,812 176,520
Liability for income from usual activities from contracts with customers 36,305 39,783
Agreed dividends payable 17,633 13,467
Securities to be settled 14,061 3,633
VAT liability 4,319 4,077
Outstanding transactions 1,379 1,532
Other cash guarantees received 570 483
Other liabilities 32,978 34,992
Total 1,801,079 1,255,412 
120
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
28. Equity:
--- ---
(a) Capital:
--- ---
(i) Authorized,<br>subscribed and paid shares:
--- ---

As of September 30, 2025, the paid-in capital of Banco de Chile is represented by 101,017,081,114 registered shares (101,017,081,114 shares as of December 31, 2024), with no par value, subscribed and fully paid.

As of September 30, 2025
Corporate Name or Shareholders’s name Number of Shares % of Equity Holding
LQ Inversiones Financieras S.A. 46,815,289,329 46.344 %
Banchile Corredores de Bolsa S.A. 5,314,191,102 5.261 %
Banco de Chile on behalf of State Street 5,183,064,839 5.131 %
Inversiones LQ-SM Limitada 4,854,988,014 4.806 %
Banco Santander on behalf of foreign investors 4,364,410,369 4.320 %
JP Morgan Chase Bank 2,900,804,708 2.871 %
Banco de Chile on behalf of non-resident third parties 2,337,138,302 2.314 %
Ever Chile SPA 1,888,369,814 1.869 %
Banco Santander Chile 1,880,677,497 1.862 %
Ever 1 BAE SPA 1,166,584,950 1.155 %
Banco de Chile on behalf of Citibank New York 1,044,232,125 1.034 %
Larraín Vial S.A. Corredora de Bolsa 972,622,129 0.963 %
Inversiones Avenida Borgoño Limitada 882,604,102 0.874 %
BCI Corredores de Bolsa S.A. 766,302,925 0.758 %
A.F.P Habitat S.A. for A Fund 717,615,783 0.710 %
Santander Corredores de Bolsa Limitada 652,083,692 0.645 %
Valores Security S.A. Corredores de Bolsa 532,926,819 0.528 %
A.F.P Cuprum S.A. for A Fund 530,911,936 0.525 %
BTG Pactual Chile S.A. Corredores de Bolsa 490,439,006 0.486 %
Inversiones CDP SPA 487,744,912 0.483 %
Subtotal 83,783,002,353 82.939 %
Other shareholders 17,234,078,761 17.061 %
Total 101,017,081,114 100.000 % 
121
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
28. Equity,continued:
--- ---
(a) Capital,<br>continued:
--- ---
(i) Authorized,<br>subscribed and paid shares, continued:
--- ---
As of December 31, 2024
--- --- --- --- --- ---
Corporate Name or Shareholders’s name Number of Shares % of Equity Holding
LQ Inversiones Financieras S.A. 46,815,289,329 46.344 %
Banco de Chile on behalf of State Street 6,125,765,969 6.064 %
Banchile Corredores de Bolsa S.A. 5,123,539,720 5.072 %
Banco Santander on behalf of foreign investors 5,080,833,862 5.030 %
Inversiones LQ-SM Limitada 4,854,988,014 4.806 %
JP Morgan Chase Bank 3,041,703,508 3.011 %
Banco de Chile on behalf of non-resident third parties 2,666,777,747 2.640 %
Banco Santander Chile 1,941,976,163 1.922 %
Ever Chile SPA 1,888,369,814 1.869 %
Ever 1 BAE SPA 1,166,584,950 1.155 %
Larraín Vial S.A. Corredora de Bolsa 1,042,343,304 1.032 %
Banco de Chile on behalf of Citibank New York 1,038,850,995 1.028 %
BCI Corredores de Bolsa S.A. 989,711,426 0.980 %
Inversiones Avenida Borgoño Limitada 728,439,279 0.721 %
Santander Corredores de Bolsa Limitada 581,788,686 0.576 %
A.F.P Habitat S.A. for A Fund 527,598,687 0.522 %
Valores Security S.A. Corredores de Bolsa 516,192,449 0.511 %
A.F.P Cuprum S.A. for A Fund 492,665,765 0.488 %
Inversiones CDP SPA 487,744,912 0.483 %
BTG Pactual Chile S.A. Corredores de Bolsa 463,503,644 0.459 %
Subtotal 85,574,668,223 84.713 %
Other shareholders 15,442,412,891 15.287 %
Total 101,017,081,114 100.000 % 
122
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
28. Equity,continued:
--- ---
(a) Capital,<br> continued:
--- ---
(ii) Shares:
--- ---

The following table shows the share movements from December 31, 2024 to September 30, 2025:

Total
Ordinary<br> <br>Shares
Total shares as of December 31, 2024 101,017,081,114
Total shares as of September 30, 2025 101,017,081,114
(b) Approval<br> and payment of dividends:
--- ---

At the Bank Ordinary Shareholders’ Meeting held on March 27, 2025 it was approved the distribution and payment of dividend No. 213 of Ch$9.85357420889 per share of the Banco de Chile, with charge to the net distributable income for the year 2024. The dividends paid in the in the period 2025 amounted to Ch$995,380 million.

At the Bank Ordinary Shareholders’ Meeting held on March 28, 2024 it was approved the distribution and payment of dividend No. 212 of Ch$8.07716286860 per share of the Banco de Chile, with charge to the net distributable income for the year 2023. The dividends paid in the in the period 2024 amounted to Ch$815,932 million.

(c) Provision<br> for minimum dividends:

The Board of Directors of Banco de Chile agreed for the purposes of minimum dividends, to establish a provision of 60% of the net income resulting from reducing or adding to the net income for the related year, the adjustment of the amount of paid-in capital and reserves as a result of variations in the Consumer Price Index (CPI) between the month prior to the current month and the month of November of the previous year. The amount to be reduced of the liquid income for the period ended as of September 30, 2025 amounted to Ch$146,172 million (Ch$212,012 million as of December 31, 2024).

As indicated, as of September 30, 2025, the amount of the net income determined in accordance with the preceding paragraph is equivalent to Ch$780,553 million (Ch$995,380 million as of December 31, 2024). Consequently, the Bank recorded a provision for minimum dividends under “Provision for dividends, interests and reappraisal of regulatory capital financial instruments issued” as of September 30 for Ch$468,332 million (Ch$597,228 million in December 2024), which reflects as a counterpart an equity reduction for the same amount.

123
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
28. Equity,continued:
--- ---
(d) Earnings<br> per share:
--- ---
(i) Basic<br>earnings per share:
--- ---

Basic earnings per share are determined by dividing the net income attributable to the Bank ordinary equity holders in a year between the weighted average number of shares outstanding during that year, excluding the average number of own shares held throughout the period.

(ii) Diluted<br>earnings per share:

In order to calculate the diluted earnings per share, both the amount of income attributable to common shareholders and the weighted average number of shares outstanding, net of own shares, must be adjusted for all the inherent dilutive effects to the potential common shares (stock options, warrants and convertible debt).

Accordingly, the basic and diluted earnings per share as of September 30, 2025 and 2024 were determined as follows:

September September
2025 2024
Basic earnings per share:
Net profits attributable to ordinary equity holders of the bank (in millions of Chilean pesos) 926,725 909,326
Weighted average number of ordinary shares 101,017,081,114 101,017,081,114
Earning per shares (in Chilean pesos) 9.17 9.00
Diluted earnings per share:
Net profits attributable to ordinary equity holders of the bank (in millions of Chilean pesos) 926,725 909,326
Weighted average number of ordinary shares 101,017,081,114 101,017,081,114
Assumed conversion of convertible debt — —
Adjusted number of shares 101,017,081,114 101,017,081,114
Diluted earnings per share (in Chilean pesos) 9.17 9.00

As of September 30, 2025 and 2024, the Bank does not have instruments that generate dilutive effects.

124
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
28. Equity, continued:
--- ---
(e) Other<br>comprehensive income:
--- ---

Below is the composition and changes of accumulated other comprehensive income as of September 30, 2025 and 2024:

Items that will not be reclassified in profit or loss Items that can be reclassified in profit or loss
New measurements of net defined benefit liability and actuarial results for other employee benefit plans Fair value changes of equity instruments designated as at fair value through other comprehensive income Income tax Subtotal Fair value changes of financial assets at fair value through other comprehensive income Cash flow accounting hedge Participation in other comprehensive income of entities registered under the equity method Income tax Subtotal Total
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Opening balances as of January 1, 2024 (413 ) 9,668 (2,499 ) 6,756 9,142 9,401 (74 ) (983 ) 17,486 24,242
Other comprehensive income for the period 115 (1,241 ) 1,161 35 10,846 (22,719 ) 40 4,402 (7,431 ) (7,396 )
Balances as of September 30, 2024 (298 ) 8,427 (1,338 ) 6,791 19,988 (13,318 ) (34 ) 3,419 10,055 16,846
Opening balances as of January 1, 2025 (298 ) 9,456 (1,606 ) 7,552 4,478 (12,397 ) (48 ) 4,192 (3,775 ) 3,777
Other comprehensive income for the period (62 ) (125 ) (459 ) (646 ) 8,698 (14,892 ) 58 3,170 (2,966 ) (3,612 )
Balances as of September 30, 2025 (360 ) 9,331 (2,065 ) 6,906 13,176 (27,289 ) 10 7,362 (6,741 ) 165

During 2025, a reclassification was made from comprehensive income to equity reserves as a result of the sale of equity instruments irrevocably designated at fair value for Ch$1,916 million.

(e) Retained<br> earnings from previous years:

During the year 2025, the Ordinary Shareholders Meeting of Banco de Chile agreed to deduct and withhold from the year 2024 liquid income, an amount equivalent to the value effect of the monetary unit of paid capital and reserves according to the variation in the Consumer Price Index, which occurred between November 2023 and November 2024, amounting to Ch$212,012 million.

125
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
29. Contingencies<br>and Commitments:
--- ---
(a) The<br> Bank and its subsidiaries have exposures associated with contingent loans and other liabilities<br> according to the following detail:
--- ---
(a.1) Contingent<br>loans:
--- ---
**** **** September **** **** December ****
--- --- --- --- --- --- --- --- ---
**** **** 2025 **** **** 2024 ****
MCh$ MCh$
Guarantees and sureties
Guarantees and sureties in Chilean currency — —
Guarantees and sureties in foreign currency 372,387 336,737
Letters of credit for goods circulation operations 603,239 442,216
Debt purchase commitments in local currency abroad — —
Transactions related to contingent events
Transactions related to contingent events in Chilean currency 2,306,231 2,544,288
Transactions related to contingent events in foreign currency 605,094 580,338
Undrawn credit lines with immediate termination
Balance of lines of credit and agreed overdraft in current account – commercial loans 1,656,796 1,642,163
Balance of lines of credit on credit card – commercial loans 377,926 359,638
Balance of lines of credit and agreed overdraft in current account – consumer loans 1,505,432 1,497,076
Balance of lines of credit on credit card – consumer loans 8,067,201 7,626,423
Balance of lines of credit and agreed overdraft in current account – due from banks loans — —
Undrawn credit lines — —
Other commitments
Credits for higher studies Law No. 20,027 (CAE) — —
Other irrevocable loan commitments 61,184 51,889
Other contingent loans — —
Total 15,555,490 15,080,768
(a.2) Responsibilities<br>assumed to meet customer needs:
--- ---
**** **** September **** **** December ****
--- --- --- --- --- --- --- --- ---
**** **** 2025 **** **** 2024 ****
MCh$ MCh$
Transactions on behalf of third parties
Collections 211,371 214,446
Placement or sale of financial instruments — —
Transferred financial assets managed by the bank — —
Third-party resources managed by the bank 1,515,973 1,147,660
Subtotal 1,727,344 1,362,106
Securities custody
Securities safekept by a banking subsidiary 9,465,187 7,443,549
Securities safekept by the Bank 4,981,164 3,318,810
Securities safekept deposited in another entity 25,388,204 19,509,831
Securities issued by the bank — —
Subtotal 39,834,555 30,272,190
Total 41,561,899 31,634,296 
126
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
29. Contingenciesand Commitments, continued:
--- ---
(b) Lawsuits<br>and legal proceedings:
--- ---
(b.1) Normal<br>judicial contingencies in the industry:
--- ---

At the date of issuance of these Interim Consolidated Financial Statements, there are legal actions filed against the Bank related with the ordinary course operations. As of September 30, 2025, the Bank maintain provisions for judicial contingencies amounting to Ch$1,948 million (Ch$1,592 million as of December 2024), which are part of the item “Provisions for contingencies” in the Statement of Financial Position.

The estimated end dates of the respective legal contingencies are as follows:

As of September 30, 2025
2025 2026 2027 2028 2029 Total
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Legal contingencies 930 482 536 — — 1,948
(b.2) Contingencies<br>for significant lawsuits:
--- ---

As of September 30, 2025 and December 31, 2024, there are not significant lawsuits in court that affect or may affect these Interim Consolidated Financial Statements.

(c) Guarantees<br>granted by operations:
i. Insubsidiary Banchile Administradora General de Fondos S.A.:
--- ---

In compliance with Article No, 12 of Law No. 20,712, Banchile Administradora General de Fondos S.A., has designated Banco de Chile as the representative of the beneficiaries of the guarantees it has established, and in such role the Bank has issued bank guarantees totaling UF 4,869,700 maturing January 8, 2026. The subsidiary took a policy with Mapfre Seguros Generales S.A. for the Real State Funds by a guaranteed amount of UF 722,700.

As of September 30, 2025 and 2024, the Bank has not guaranteed mutual funds.

ii. Insubsidiary Banchile Corredores de Bolsa S.A.:

For the purposes of ensuring correct and complete compliance with all of its obligations as broker-dealer entity, in conformity with the provisions from Article 30 and subsequent of Law No. 18,045 on Securities Markets, the subsidiary established a guarantee in an insurance policy for UF 20,000, insured by Mapfre Seguros Generales S.A., that matures April 22, 2026, whereby the Securities Exchange of the Santiago Stock Exchange was appointed as the subsidiary’s creditor representative.

127
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
29. Contingenciesand Commitments, continued:
--- ---
(c) Guarantees<br>granted by operations, continued:
--- ---
September December
--- --- --- --- ---
2025 2024
Guarantees: MCh$ MCh$
Shares received as collateral for simultaneous operations:
Santiago Securities Exchange, Stock Exchange 13,279 9,171
Electronic Chilean Securities Exchange, Stock Exchange 37,957 32,024
Fixed income securities delivered to guarantee CCLV system:
Santiago Securities Exchange, Stock Exchange 22,840 7,843
Fixed income securities as collateral for the Santiago Stock Exchange 2,148 2,148
Shares delivered to guarantee equity lending and short-selling:
Santiago Securities Exchange, Stock Exchange 13,108 4,744
Cash guarantees received 1 —
Cash guarantees received for operations with derivatives 2,143 3,931
Cash guarantees for operations with derivatives 738 4,043
Equity securities received for operations with derivatives:
Electronic Chilean Securities Exchange, Stock Exchange 79 101
Depósito Central de Valores S.A. 1,361 2,227
Total 93,654 66,232

In conformity with the internal regulation of the stock exchanges in which it participates, and for the purpose of ensuring its proper performance, the subsidiary Banchile Corredores de Bolsa S.A maintains in favor of the Santiago Stock Exchange a guarantee in fixed income financial instruments equivalent to Ch$2,148 million. It also maintains a pledge in favor of the Electronic Stock Exchange for three hundred thousand shares of said institution.

Banchile Corredores de Bolsa S.A. keeps an insurance policy current with Chubb Seguros Chile S.A. that expires June 30, 2026, this considers matters of employee fidelity, physical losses, falsification or adulteration, and currency fraud with a coverage amount equivalent to US$20,000,000.

It also provided a bank guarantee in the amount of UF 410,800 for the benefits of investors in portfolio management contracts. This bank guarantee is revaluated in UF to fixed term, non-endorsable and has a maturity date of January 8, 2026.

It also provided a cash guarantee in the amount of US$122,494.32 for the purpose of complying with the obligations to Pershing, for any operations conducted through that broker, additionally, there are US$1,081,549.28 for variable income operations.

128
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
29. Contingencies and Commitments, continued:
(c) Guarantees<br>granted by operations, continued:
--- ---

A guarantee corresponding to UF 10,000 has been constituted, to guarantee compliance with the investment portfolio management service contract. Said guarantee corresponds to a non-endorsable fixed-term readjustable bond in UF issued by Banco de Chile with validity until January 27, 2026.

A cash guarantee in the amount of $5 million has been established to ensure the validity of the bid submitted in the portfolio management tender process, effective until October 20, 2025.

iii. Insubsidiary Banchile Corredores de Seguros Ltda.:

According to established in article 58, letter D of D.F.L. 251, as of September 30, 2025 the entity maintains two insurance policies with effect from April 15, 2025 to April 14, 2026 which protect it against of potential damages caused by infractions of the law, regulations and complementary rules that regulate insurance brokers, especially when the non-compliance comes from acts, errors or omissions of the broker, its representatives, agents or dependents that participate in the intermediation.

The policies contracted are:

Matter insured Amount insured (UF)
Errors and omissions liability policy 500
Civil liability policy 60,000
(d) Exempt<br> Resolution No. 270 dated October 30, 2014, the Superintendency of Securities and Insurance<br> (current Commission for the Financial Market) imposed a fine of UF 50,000 to Banchile Corredores<br> de Bolsa S.A. for violations of the second paragraph of article 53 of the Securities Market<br> Law, said company filed a claim with the competent Civil Court requesting the annulment of<br> the fine. On December 10, 2019, a judgement in the case was issued reducing the fine to the<br> amount of UF 7,500, which was confirmed in the second instance by the Illustrious Court of<br> Appeals of Santiago. The intervening parties filed cassation appeals in form and substance<br> before the Supreme Court against the sentence in second instance. On August 13, 2024 the<br> Supreme Court ordered the hearing of the case, which is pending as of this date.
--- ---

The company has not made provisions considering that the Bank’s legal advisors in charge of the procedure estimate that there are solid grounds that the claim filed by Banchile Corredores de Bolsa S.A. can be accepted.

129
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
30. Interest<br>Revenue and Expenses:
--- ---
(a) At<br> the end of the period, the summary of interest is as follows:
--- ---
For the nine-month period ended<br><br> September 30, For the three-month period ended<br><br> September 30,
--- --- --- --- --- --- --- --- --- --- --- --- ---
2025 2024 2025 2024
MCh$ MCh$ MCh$ MCh$
Interest revenue 2,033,098 2,233,807 687,107 691,255
Interest expenses (734,552 ) (893,926 ) (248,900 ) (266,476 )
Total net interest income 1,298,546 1,339,881 438,207 424,779
(b) The<br> composition of interest revenue is as follows:
--- ---
For the nine-month period ended<br><br> September 30, For the three-month period ended<br><br> September 30,
--- --- --- --- --- --- --- --- --- --- --- --- ---
2025 2024 2025 2024
MCh$ MCh$ MCh$ MCh$
Financial assets at amortized cost:
Rights by resale agreements and securities lending 3,814 3,331 1,180 1,060
Debt financial instruments 9,306 47,023 2,818 3,682
Loans and advances to Banks 32,120 62,677 9,410 11,755
Commercial loans 933,173 1,031,881 314,432 328,967
Residential mortgage loans 338,380 303,795 115,593 104,265
Consumer Loans 617,930 615,283 207,414 201,937
Other financial instruments 36,099 54,737 12,193 16,798
Financial assets at fair value through other comprehensive income:
Debt financial instruments 89,760 142,995 35,760 34,206
Other financial instruments — — — —
Income of accounting hedges of interest rate risk (27,484 ) (27,915 ) (11,693 ) (11,415 )
Total 2,033,098 2,233,807 687,107 691,255
(b.1) At<br>the end of the period, the stock of interest not recognized in income is as follows:
--- ---
September September
--- --- --- --- ---
2025 2024
MCh$ MCh$
Commercial loans 37,996 43,965
Residential mortgage loans 8,243 5,908
Consumer Loans 3,735 3,889
Total 49,974 53,762 
130
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
30. InterestRevenue and Expenses, continued:
--- ---
(c) The<br> composition of interest expenses is as follows:
For the nine-month period ended<br><br> September 30, For the three-month period ended<br><br> September 30,
--- --- --- --- --- --- --- --- --- --- --- --- ---
2025 2024 2025 2024
MCh$ MCh$ MCh$ MCh$
Financial liabilities at amortized cost:
Current accounts and other demand deposits 830 999 341 198
Saving accounts and time deposits 484,609 647,887 162,956 188,947
Obligations by repurchase agreements and securities lending 5,690 7,659 1,785 1,674
Borrowings from financial institutions 46,248 57,474 15,699 16,556
Debt financial instruments issued 209,845 193,372 74,753 65,249
Other financial obligations — — — —
Lease liabilities 1,621 1,801 508 575
Regulatory capital financial instruments 26,393 25,804 8,882 8,717
Income of accounting hedges of interest rate risk (40,684 ) (41,070 ) (16,024 ) (15,440 )
Total 734,552 893,926 248,900 266,476 
131
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
30. InterestRevenue and Expenses, continued:
--- ---
(d) As<br> of September 30, 2025 and 2024, the Bank uses cross currency swaps to hedge the risk of variability<br> of obligations flows with foreign banks and bonds issued in foreign currency.
For the nine-month period ended September 30, For the three-month period ended September 30,
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
2025 2024 2025 2024
Income Expense Total Income Expense Total Income Expense Total Income Expense Total
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Gain from fair value accounting hedges — — — — — — — — — — — —
Loss from fair value accounting hedges — — — — — — — — — — — —
Gain from cash flow accounting hedges 63,132 112,807 175,939 23,779 70,168 93,947 8,164 29,475 37,639 7,973 28,530 36,503
Loss from cash flow accounting hedges (90,616 ) (72,123 ) (162,739 ) (51,694 ) (29,098 ) (80,792 ) (19,857 ) (13,451 ) (33,308 ) (19,388 ) (13,090 ) (32,478 )
Net gain on hedge items — — — — — — — — — — — —
Total (27,484 ) 40,684 13,200 (27,915 ) 41,070 13,155 (11,693 ) 16,024 4,331 (11,415 ) 15,440 4,025 
132
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
31. UF<br>indexation revenue and expense:
--- ---
(a) At<br> the end of the period, the summary of UF indexation is as follows:
--- ---
For the nine-month period ended<br><br> September 30, For the three-month period ended<br><br> September 30,
--- --- --- --- --- --- --- --- --- --- --- --- ---
2025 2024 2025 2024
MCh$ MCh$ MCh$ MCh$
UF indexation revenue 552,569 570,342 110,529 172,542
UF indexation expense (299,355 ) (324,974 ) (60,893 ) (97,248 )
Total net income from UF indexation 253,214 245,368 49,636 75,294
(b) The<br> composition of UF indexation revenue is as follows
--- ---
For the nine-month period ended<br><br> September 30, For the three-month period ended<br><br> September 30,
--- --- --- --- --- --- --- --- --- --- --- --- ---
2025 2024 2025 2024
MCh$ MCh$ MCh$ MCh$
Financial assets at amortized cost:
Rights by resale agreements and securities lending — — — —
Debt financial instruments 11,026 18,166 825 5,477
Loans and advances to Banks — — — —
Commercial loans 209,894 220,218 42,529 66,583
Residential mortgage loans 367,705 374,756 76,256 113,832
Consumer Loans 773 941 143 272
Other financial instruments 2,039 2,254 515 516
Financial assets at fair value through other comprehensive income:
Debt financial instruments 18,282 17,137 2,752 4,898
Other financial instruments — — — —
Income of accounting hedges of UF, IVP, IPC indexation risk (57,150 ) (63,130 ) (12,491 ) (19,036 )
Total 552,569 570,342 110,529 172,542
(b.1) At<br>the end of the period, the stock of UF indexation not recognized in results is detailed as follows:
--- ---
September September
--- --- --- --- ---
2025 2024
MCh$ MCh$
Commercial loans 4,099 4,286
Residential mortgage loans 8,636 7,387
Consumer Loans 10 12
Total 12,745 11,685 
133
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
31. UFindexation revenue and expense, continued:
--- ---
(c) The<br> composition of UF indexation expense is as follows:
--- ---
For the nine-month period ended<br><br> September 30, For the three-month period ended<br><br> September 30,
--- --- --- --- --- --- --- --- ---
2025 2024 2025 2024
MCh$ MCh$ MCh$ MCh$
Financial liabilities at amortized cost:
Current accounts and other demand deposits 13,890 13,758 2,384 3,881
Saving accounts and time deposits 46,321 57,597 8,895 16,871
Obligations by repurchase agreements and securities lending — — — —
Borrowings from financial institutions — — — —
Debt financial instruments issued 209,845 222,426 43,654 67,109
Other financial obligations — — — —
Regulatory capital financial instruments 29,299 31,193 5,960 9,387
Income of accounting hedges of UF, IVP, IPC indexation risk — — — —
Total 299,355 324,974 60,893 97,248 
134
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
31. UFindexation revenue and expense, continued:
--- ---
(d) As<br> of September 30, 2025 and 2024, the Bank uses cross currency swaps to hedge the risk of variability<br> of obligations flows with foreign banks and bonds issued in foreign currency.
For the nine-month period ended September 30, For the three-month period ended September 30,
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
2025 2024 2025 2024
Income Expense Total Income Expense Total Income Expense Total Income Expense Total
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Gain from fair value accounting hedges — — — — — — — — — — — —
Loss from fair value accounting hedges — — — — — — — — — — — —
Gain from cash flow accounting hedges 6,766 — 6,766 3,087 — 3,087 5,075 — 5,075 — — —
Loss from cash flow accounting hedges (63,916 ) — (63,916 ) (66,217 ) — (66,217 ) (17,566 ) — (17,566 ) (19,036 ) — (19,036 )
Net gain on hedge items — — — — — — — — — — — —
Total (57,150 ) — (57,150 ) (63,130 ) — (63,130 ) (12,491 ) — (12,491 ) (19,036 ) — (19,036 ) 
135
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
32. Income and Expenses from commissions:
--- ---

The income and expenses for commissions that are shown in the Interim Consolidated Statement of Income for the period is as following:

For the nine-month period ended<br><br> September 30, For the<br> three-month period ended<br> September 30,
2025 2024 2025 2024
MCh$ MCh$ MCh$ MCh$
Income from commissions and services rendered
Commissions from card services 189,812 172,450 63,128 57,631
Remuneration from administration of mutual funds, investment funds or others 126,310 103,803 44,013 37,066
Account management fees 56,712 51,081 19,843 17,362
Commissions from collections and payments 54,718 59,315 18,075 19,662
Commissions from guarantees and letters of credit 32,210 30,624 11,000 10,519
Brand use agreement 24,104 21,188 8,117 6,900
Insurance not related to the granting of credits to natural persons 19,318 18,971 6,490 6,519
Commissions from trading and securities management 17,829 14,668 6,325 4,600
Use of distribution channel 15,343 19,440 5,291 5,130
Commissions from credit prepayments 12,362 11,123 4,317 3,864
Insurance related to the granting of credits to natural persons 6,266 9,887 2,077 2,131
Insurance not related to the granting of credits to legal entities 5,178 4,074 1,825 1,171
Commissions from lines of credit and current account overdrafts 3,680 3,740 1,224 1,243
Insurance related to the granting of credits to legal entities 1,587 1,413 548 386
Financial advisory services 1,504 637 127 397
Commissions from factoring operations services 968 975 342 329
Loan commissions with letters of credit 17 52 5 17
Other commission earned 19,018 18,916 6,270 6,646
Total 586,936 542,357 199,017 181,573
Expenses from commissions and services received
Commissions from card transactions (48,357 ) (44,400 ) (15,341 ) (15,373 )
Expenses from obligations of loyalty and merit card customers programs (26,100 ) (25,227 ) (9,936 ) (5,532 )
Interbank transactions (20,648 ) (28,846 ) (7,280 ) (9,755 )
Commissions from use of card brands license (7,589 ) (6,244 ) (2,216 ) (1,878 )
Commissions from securities transaction (4,369 ) (4,056 ) (1,480 ) (1,339 )
Collections and payments (3,025 ) (3,087 ) (996 ) (958 )
Other fees for services related to the credit card system and payment cards with funds provision as a means of payment (24 ) — (24 ) —
Other commissions from services received (4,051 ) (3,264 ) (1,495 ) (1,001 )
Total (114,163 ) (115,124 ) (38,768 ) (35,836 )
Total Net 472,773 427,233 160,249 145,737 
136
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
33. Net Financial income (expense):
--- ---
(a) The<br> amount of net financial income (expense) shown in the Interim Consolidated Income Statement<br> for the period corresponds to the following concepts:
--- ---
For the nine-month period ended<br><br> September 30, For the three-month period ended<br><br> September 30,
--- --- --- --- --- --- --- --- --- --- --- --- ---
2025 2024 2025 2024
MCh$ MCh$ MCh$ MCh$
Financial result from:
Financial assets held for trading at fair value through profit or loss:
Financial derivative contracts 1,663,993 2,733,368 680,084 610,101
Debt Financial Instruments 101,652 117,003 32,391 33,353
Other financial instruments 16,647 20,265 5,522 6,133
Financial liabilities held for trading at fair value through profit or loss:
Financial derivative contracts (1,661,801 ) (2,730,943 ) (675,638 ) (585,772 )
Other financial instruments (298 ) (446 ) 27 (152 )
Subtotal 120,193 139,247 42,386 63,663
Non-trading financial assets mandatorily measured at fair value through profit or loss:
Debt Financial Instruments — — — —
Other financial instruments — — — —
Financial assets designated as at fair value through profit or loss:
Debt Financial Instruments — — — —
Other financial instruments — — — —
Financial liabilities designated as at fair value through profit or loss:
Current accounts and other demand deposits and savings accounts and other time deposits — — — —
Debt instruments issued — — — —
Others — — — —
Derecognition of financial assets and liabilities at amortized cost and financial assets at fair value through other comprehensive income:
Financial assets at amortized cost (1,702 ) 220 — (9 )
Financial assets at fair value through other comprehensive income 13,148 8,073 9,400 3,221
Financial liabilities at amortized cost — — — —
Regulatory capital financial instruments — — — —
Subtotal 11,446 8,293 9,400 3,212
Exchange, indexation and accounting hedging of foreign currency:
Gain (loss) from foreign currency exchange 52,731 30,735 (55,647 ) 43,667
Gain (loss) from indexation for exchange rate (5,840 ) 2,987 4,431 (10,226 )
Net gain (loss) from derivatives in accounting hedges of foreign currency risk 23,801 43,718 72,168 (37,959 )
Subtotal 70,692 77,440 20,952 (4,518 )
Reclassification of financial assets for changes to business models:
From financial assets at amortized cost to financial assets held for trading at fair value through profit or loss — — — —
From financial assets at fair value through other comprehensive income to financial assets held for trading at fair value through profit or loss — — — —
Modifications of financial assets and liabilities:
Financial assets at amortized cost — — — —
Financial assets at fair value through other comprehensive income — — — —
Financial liabilities at amortized cost — — — —
Lease liabilities — — — —
Regulatory capital financial instruments — — — —
Ineffective accounting hedges:
Gain (loss) from ineffective cash flow accounting hedges — — — —
Gain (loss) from ineffective accounting hedges of net investment abroad — — — —
Other type of accounting hedges:
Hedges of other types of financial assets — — — —
Total 202,331 224,980 72,738 62,357 
137
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
33. NetFinancial income (expense), continued:
--- ---
(b) The<br> detail of the income (expense) associated with the changes in allowances for credit losses<br> on loans and contingent loans denominated in foreign currency, which is reflected in “Exchange,<br> indexation and accounting hedging of foreign currency”.
--- ---
For the nine-month period ended<br><br> September 30, For the three-month period ended<br><br> September 30,
--- --- --- --- --- --- --- --- --- --- ---
2025 2024 2025 2024
MCh$ MCh$ MCh$ MCh$
Loans and advances to Banks 28 (19 ) (19 ) 34
Commercial loans 2,222 (2,007 ) (2,968 ) 3,854
Residential mortgage loans — — — —
Consumer loans 60 (28 ) (92 ) 46
Contingent loans 419 (325 ) (734 ) 505
Total 2,729 (2,379 ) (3,813 ) 4,439
34. Income attributable to investments in other companies:
--- ---

The income obtained from investments in companies detailed in Note 14 corresponds to the following:

September September
Company **** Shareholder 2025 2024
MCh$ MCh$
Associates
Transbank S.A. Banco de Chile 3,958 1,643
Centro de Compensación Automatizado S.A. Banco de Chile 1,415 1,215
Redbanc S.A. Banco de Chile 952 919
Sociedad Interbancaria de Depósitos de Valores S.A. Banco de Chile 382 349
Administrador Financiero de Transantiago S.A. Banco de Chile 341 441
Sociedad Operadora de la Cámara de Compensación de Pagos de Alto Valor S.A. Banco de Chile 170 67
Servicios de Infraestructura de Mercado OTC S.A. Banco de Chile 58 120
Subtotal Associates 7,276 4,754
Joint Ventures
Servipag Ltda. Banco de Chile 765 1,432
Artikos Chile S.A. (*) Banco de Chile — 552
Subtotal Joint Ventures 765 1,984
Subtotal 8,041 6,738
Minority Investments
Holding Bursátil Regional S.A. Banchile Corredores de Bolsa 315 242
Banco Latinoamericano de Comercio Exterior S.A. (Bladex) Banco de Chile 108 83
Bolsa Electrónica de Chile, Bolsa de Valores Banchile Corredores de Bolsa 16 18
CCLV Contraparte Central S.A. Banchile Corredores de Bolsa 1 3
Subtotal Minority Investments 440 346
Total Investments in other companies 8,481 7,084
(*) In<br>September 2024, it was agreed to accept the binding purchase offer presented by the Santiago Chamber of Commerce A.G. for 100% of the<br>shares of Artikos Chile S.A. The sale was completed in December of the same year.
--- --- 
138
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
35. Result from non-current assets and disposal groups held for sale not admissible as discontinued operations:
--- ---

The composition of the results of non-current assets and disposal groups not eligible as discontinued operations during the periods 2025 and 2024 is as follows:

September September
2025 2024
MCh$ MCh$
Net income from assets received in lieu of payment or adjudicated in judicial auction
Gain (loss) on sale of assets received in lieu of payment or foreclosed at judicial auction 11,527 6,978
Other income from assets received in payment or foreclosed at judicial auction 51 43
Provisions for adjustments to net realizable value of assets received in lieu of payment or foreclosed at judicial auction (1,939 ) (1,431 )
Charge-off assets received in lieu of payment or foreclosed at judicial auction (12,269 ) (9,728 )
Expenses to maintain assets received in lieu of payment or foreclosed at judicial auction (1,284 ) (804 )
Non-current assets held for sale
Investments in other companies — —
Intangible assets — —
Property and equipment 6,182 880
Assets for recovery of assets transferred in financial leasing operations 1,493 1,597
Other assets — —
Disposal groups held for sale — —
Total 3,761 (2,465 )
36. Other<br>operating Income and Expenses:
--- ---
a) During<br> the periods 2025 and 2024, the Bank and its subsidiaries present other operating income,<br> according to the following:
--- ---
September September
--- --- --- --- ---
2025 2024
MCh$ MCh$
Expense recovery 20,298 19,915
Revaluation of tax refunds from previous years 11,110 66
Income from investment properties 5,222 5,314
Revaluation of prepaid monthly payments 1,323 4,698
Other income 404 59
Total 38,357 30,052 
139
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
36. Otheroperating Income and Expenses, continued:
--- ---
b) During<br> the periods 2025 and 2024, the Bank and its subsidiaries present other operating expenses,<br> according to the following:
September September
--- --- --- --- --- --- ---
2025 2024
MCh$ MCh$
Write-offs for operating risks 19,897 20,991
Insurance premiums expense to cover operational risk events 4,707 4,726
Expenses for credit operations of financial leasing 3,357 4,622
Card administration 3,160 1,988
Legal expenses and trials 1,545 2,164
Provision for pending operations 589 24
Write-offs for commercial decisions 509 223
Provisions for trials and litigation 356 368
Expenses for charge-off leased assets recoveries 276 181
Valuation expense 248 180
Life insurance 233 260
Renegotiated loan insurance premium 147 180
(Release) expense of provisions for operational risk (468 ) (125 )
Expense recovery from operational risk events (10,184 ) (11,557 )
Other expenses 437 105
Total 24,809 24,330
37. Expenses<br>from salaries and employee benefits:
--- ---

The composition of the expense for employee benefit obligations during the periods 2025 and 2024 is as follows:

September September
2025 2024
MCh$ MCh$
Expenses for short-term employee benefit 393,277 398,483
Expenses for employee benefits due to termination of employment contract 16,519 12,016
Training expenses 2,535 2,773
Expenses for nursery and kindergarten 1,146 1,207
Other personnel expenses 5,086 4,890
Total 418,563 419,369 
140
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
38. Administrative<br>expenses:
--- ---

This item is composed as follows:

September September
2025 2024
MCh$ MCh$
General administrative expenses
Information technology and communications 118,824 114,902
Maintenance and repair of property and equipment 38,154 38,896
Surveillance and securities transport services 8,016 8,483
External advisory services and professional services fees 6,852 7,118
Office supplies 6,836 6,425
External financial information and fraud prevention service 6,520 5,868
Legal and notary expenses 5,106 4,202
Energy, heating and other utilities 5,063 4,430
Expenses for short-term leases 3,798 2,030
External service of custody of documentation 3,427 3,443
Postal box, mail, postage and home delivery services 3,090 5,021
Other expenses of obligations for lease contracts 2,982 3,163
Insurance premiums except to cover operational risk events 2,853 3,115
Representation and travel expenses 2,413 2,259
Donations 2,071 2,638
Card embossing service 1,698 1,591
Fees for review and audit of the financial statements by the external auditor 693 622
Fees for other technical reports 617 694
Expenses for leases low value 413 423
Title classification fees 77 156
Fines applied by other agencies 28 129
Other general administrative expenses 14,193 13,683
Outsourced services
Technological developments expenses, certification and technology testing 15,726 17,165
Data processing 8,658 8,418
External credit evaluation service 4,298 3,630
External collection service 2,931 3,634
External human resources administration services and supply of external personnel 1,511 1,393
Call Center service for sales, marketing, quality control customer service 717 1,458
External cleaning service, cafeteria, custody of files and documents, storage of furniture and equipment 265 336
Other outsourced services 985 605
Board expenses
Board of Directors Compensation 2,681 2,555
Other Board expenses 72 64
Marketing 29,294 25,492
Taxes, contributions and other legal charges
Contribution to the banking regulator 11,015 11,425
Property taxes 5,553 4,564
Taxes other than income tax 2,214 2,059
Municipal patents 1,406 1,327
Other legal charges 47 51
Total 321,097 313,467 
141
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
39. Depreciation<br>and Amortization:
--- ---

The amounts corresponding to charges to results for depreciation and amortization during the periods 2025 and 2024, are detailed as follows:

September September
2025 2024
MCh$ MCh$
Amortization of intangibles assets
Other intangible assets arising from business combinations — —
Other independently originated intangible assets 30,604 26,654
Depreciation of property and equipment
Buildings and land 7,347 7,261
Other property and equipment 10,482 14,250
Depreciation and impairment of leased assets
Buildings and land 21,532 21,662
Other property and equipment — —
Depreciation for improvements in leased real estate as leased of right-to-use assets 790 856
Amortization for the right-to-use other intangible assets under lease — —
Depreciation of other assets for investment properties 268 268
Amortization of other assets per activity income asset — —
Total 71,023 70,951
40. Impairment<br>of non-financial assets:
--- ---

As of September 30, 2025 and 2024, the composition of the item for impairment of non-financial assets is composed as follows:

September September
2025 2024
MCh$ MCh$
Impairment of intangible assets 19 —
Impairment of property and equipment 259 2
Impairment of assets from income from ordinary activities from contracts with customers 2,548 1,469
Total 2,826 1,471 
142
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
41. Credit<br>loss expense:
--- ---
(a) The<br> composition is as follows:
--- ---
For the nine-month period ended<br><br> September 30, For the three-month period ended<br><br> September 30,
--- --- --- --- --- --- --- --- --- --- --- --- ---
2025 2024 2025 2024
MCh$ MCh$ MCh$ MCh$
Expense of allowances established for credit risk 359,665 333,712 105,363 107,477
Expense (release) of special provisions for credit risk (45,140 ) 2,532 (9,399 ) (5,016 )
Recovery of written-off credits (51,580 ) (46,692 ) (17,904 ) (18,385 )
Impairments for credit risk from other financial assets at amortized cost and financial assets at fair value through other comprehensive income 3,135 (1,094 ) 1,500 (3,722 )
Total 266,080 288,458 79,560 80,354
(b) Summary<br> of the expense of allowances constituted for credit risk and expense for credit losses:
--- ---
Expense of allowances constituted<br> in the period
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Normal Portfolio Substandard Portfolio Non-Performing Portfolio Deductible<br> guarantees
Evaluation Evaluation Evaluation Fogape
As of September 30, 2025 Individual Group Individual Individual Group Subtotal Covid-19 Total
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Loans and advances to Banks
Allowances established — — — — — — — —
Allowances released (51 ) — — — — (51 ) — (51 )
Subtotal (51 ) — — — — (51 ) — (51 )
Commercial loans
Allowances established — 1,882 2,480 12,377 45,579 62,318 — 62,318
Allowances released (1,898 ) — — — — (1,898 ) (1,610 ) (3,508 )
Subtotal (1,898 ) 1,882 2,480 12,377 45,579 60,420 (1,610 ) 58,810
Residential mortgage loans
Allowances established — — — — 8,936 8,936 — 8,936
Allowances released — (381 ) — — — (381 ) — (381 )
Subtotal — (381 ) — — 8,936 8,555 — 8,555
Consumer loans
Allowances established — 48,698 — — 243,653 292,351 — 292,351
Allowances released — — — — — — — —
Subtotal — 48,698 — — 243,653 292,351 — 292,351
Expense (release) of provisions for credit risk (1,949 ) 50,199 2,480 12,377 298,168 361,275 (1,610 ) 359,665
Recovery of written-off credits
Loans and advances to Banks —
Commercial loans (12,056 )
Residential mortgage loans (5,898 )
Consumer loans (33,626 )
Subtotal (51,580 )
Loan credit loss expenses 308,085 
143
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
41. Credit loss expense, continued:
--- ---
(b) Summary<br> of the expense of allowances constituted for credit risk and expense for credit losses, continued;
Expense of allowances constituted<br> in the period
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Normal Portfolio Substandard Portfolio Non-Performing Portfolio Deductible<br> guarantees
Evaluation Evaluation Evaluation Fogape
As of September 30, 2024 Individual Group Individual Individual Group Subtotal Covid-19 Total
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Loans and advances to Banks
Allowances established 328 — — — — 328 — 328
Allowances released — — — — — — — —
Subtotal 328 — — — — 328 — 328
Commercial loans
Allowances established 5,211 1,062 — 32,011 46,975 85,259 — 85,259
Allowances released — — (4,308 ) — — (4,308 ) (5,493 ) (9,801 )
Subtotal 5,211 1,062 (4,308 ) 32,011 46,975 80,951 (5,493 ) 75,458
Residential mortgage loans
Allowances established — — — — 6,811 6,811 — 6,811
Allowances released — (236 ) — — — (236 ) — (236 )
Subtotal — (236 ) — — 6,811 6,575 — 6,575
Consumer loans
Allowances established — — — — 268,079 268,079 — 268,079
Allowances released — (16,728 ) — — — (16,728 ) — (16,728 )
Subtotal — (16,728 ) — — 268,079 251,351 — 251,351
Expense (release) of provisions for credit risk 5,539 (15,902 ) (4,308 ) 32,011 321,865 339,205 (5,493 ) 333,712
Recovery of written-off credits
Loans and advances to Banks —
Commercial loans (13,857 )
Residential mortgage loans (4,773 )
Consumer loans (28,062 )
Subtotal (46,692 )
Loan credit loss expenses 287,020 
144
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
41. Credit loss expense, continued:
--- ---

(c) Summary of expense for special provisions for credit risk:

For the nine-month period ended<br><br> September 30, For the three-month period ended<br><br> September 30,
2025 2024 2025 2024
MCh$ MCh$ MCh$ MCh$
Expenses (release) of provisions for contingent loans:
Loans and advances to Banks — — — —
Commercial loans (10,591 ) (1,003 ) (9,809 ) (2,020 )
Consumer loans 29,159 (758 ) 410 (549 )
Expenses from provisions for country risk for transactions with debtors with residence abroad 5,327 4,293 — 4,293
Expense of special provisions for loans abroad — — — —
Expenses of additional loan provisions:
Commercial loans (69,035 ) — — (6,740 )
Residential mortgage loans — — — —
Consumer loans — — — —
Expense of other special provisions established for credit risk (45,140 ) 2,532 (9,399 ) (5,016 )
42. Income<br>from discontinued operations:

As of September 30, 2025 and 2024, the Bank does not record income from discontinued operations.

43. Related<br>Party Disclosures:

Related parties are considered to be those natural or legal persons who are in positions to directly or indirectly have significant influence through their ownership or management of the Bank and its subsidiaries, as set out in the Compendium of Accounting Standards for Banks and Chapter 12-4 of the current Compilation of Standards issued by the CMF.

Accordingly, the Bank has considered as related parties those natural or legal persons who have a direct participation or through third parties on Bank ownership, where such ownership exceeds 5% of the shares, as well as persons who, regardless of ownership, have authority and responsibility for planning, management and control of the activities of the entity or its subsidiaries. Companies in which the parties related by ownership or management of the Bank have a share which reaches or exceeds 5%, or has the position of director, general manager or equivalent are considered related parties.

145
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
43. RelatedParty Disclosures, continued:
--- ---
(a) Assets<br> and liabilities with related parties:
--- ---
Related Party Type
Type of current assets and liabilities with related parties As of September 30, 2025 Parent Entity Other <br><br>Legal Entity Key Personnel of the Consolidated Bank Other Related Parties Total
MCh$ MCh$ MCh$ MCh$ MCh$
ASSETS
Financial assets held for trading at fair value through profit or loss:
Derivative Financial Instruments — 207,671 — — 207,671
Debt financial instruments — — — — —
Other financial instruments — 85 85
Non-trading financial assets mandatorily measured at fair value through profit or loss — — — — —
Financial assets designated as at fair value through profit or loss — — — — —
Financial assets at fair value through other comprehensive income — 5,590 — — 5,590
Derivative Financial Instruments for hedging purposes — — — — —
Financial assets at amortized cost:
Rights by resale agreements and securities lending — — — — —
Debt financial instruments — — — — —
Commercial loans — 182,158 1,949 10,151 194,258
Residential mortgage loans — — 15,189 61,425 76,614
Consumer Loans — — 1,639 10,242 11,881
Allowances established – loans — (1,583 ) (57 ) (416 ) (2,056 )
Other assets 16 197,212 — 4 197,232
Contingent loans — 149,727 3,708 17,748 171,183
LIABILITIES
Financial liabilities held for trading at fair value through profit or loss:
Derivative Financial Instruments — 249,933 — — 249,933
Financial liabilities designated as at fair value through profit or loss — — — — —
Derivative Financial Instruments for hedging purposes — 7,752 — — 7,752
Financial liabilities at amortized cost:
Current accounts and other demand deposits 363 169,825 2,421 6,026 178,635
Saving accounts and time deposits 202,268 93,290 3,283 20,272 319,113
Obligations by repurchase agreements and securities lending — — — — —
Borrowings from financial institutions — 185,480 — — 185,480
Debt financial instruments issued — — — — —
Other financial obligations — — — — —
Lease liabilities — 7,623 — — 7,623
Other liabilities — 233,899 406 49 234,354 
146
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
43. RelatedParty Disclosures, continued:
--- ---
(a) Assets<br> and liabilities with related parties, continued:
--- ---
Related Party Type
Type of current assets and liabilities with related parties As of December 31, 2024 Parent Entity Other<br><br> Legal Entity Key Personnel<br><br> of the<br><br> Consolidated<br><br> Bank Other<br><br> Related Parties Total
MCh$ MCh$ MCh$ MCh$ MCh$
ASSETS
Financial assets held for trading at fair value through profit or loss:
Derivative Financial Instruments — 273,492 — — 273,492
Debt financial instruments — — — — —
Other financial instruments — — — — —
Non-trading financial assets mandatorily measured at fair value through profit or loss — — — — —
Financial assets designated as at fair value through profit or loss — — — — —
Financial assets at fair value through other comprehensive income — 5,388 — — 5,388
Derivative Financial Instruments for hedging purposes — — — — —
Financial assets at amortized cost:
Rights by resale agreements and securities lending — — — — —
Debt financial instruments — — — — —
Commercial loans — 266,912 1,291 9,967 278,170
Residential mortgage loans — — 14,694 59,861 74,555
Consumer Loans — — 1,656 11,482 13,138
Allowances established – loans — (1,291 ) (30 ) (326 ) (1,647 )
Other assets 16 132,549 38 7 132,610
Contingent loans — 159,749 3,822 17,761 181,332
LIABILITIES
Financial liabilities held for trading at fair value through profit or loss:
Derivative Financial Instruments — 300,756 — — 300,756
Financial liabilities designated as at fair value through profit or loss — — — — —
Derivative Financial Instruments for hedging purposes — 3,137 — — 3,137
Financial liabilities at amortized cost:
Current accounts and other demand deposits 170 141,497 2,860 6,844 151,371
Saving accounts and time deposits 151,595 78,618 3,093 19,082 252,388
Obligations by repurchase agreements and securities lending — — — — —
Borrowings from financial institutions — 3,175 — — 3,175
Debt financial instruments issued — — — — —
Other financial obligations — — — — —
Lease liabilities — 9,200 — — 9,200
Other liabilities — 140,479 532 5 141,016 
147
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
43. RelatedParty Disclosures, continued:
--- ---
(b) Income<br> and expenses from related party transactions (*):
--- ---
As of September 30, 2025 Parent Entity Other<br><br> Legal Entity Key personnel<br><br> of the<br><br> consolidated<br><br> Bank Other<br><br>Related parties Total
--- --- --- --- --- --- --- --- --- --- ---
MCh$ MCh$ MCh$ MCh$ MCh$
Interest revenue — 15,556 401 2,214 18,171
UF indexation revenue — 1,732 459 1,904 4,095
Income from commissions 129 68,989 40 42 69,200
Net Financial income (expense) — 312 — — 312
Other income — — — — —
Total Income 129 86,589 900 4,160 91,778
Interest expense 6,084 3,769 117 664 10,634
UF indexation expense — — 5 5 10
Expenses from commissions — 21,763 — — 21,763
Expenses credit losses (gains) — 255 31 149 435
Expenses from salaries and employee benefits — 90 29,448 63,895 93,433
Administrative expenses — 8,006 2,830 42 10,878
Other expenses — 13 6 16 35
Total Expenses 6,084 33,896 32,437 64,771 137,188
As of September 30, 2024 Parent Entity Other<br><br> Legal Entity Key personnel<br><br> of the<br><br> consolidated Bank Other<br><br> Related parties Total
--- --- --- --- --- --- --- --- --- --- --- --- ---
MCh$ MCh$ MCh$ MCh$ MCh$
Interest revenue — 13,615 348 2,290 16,253
UF indexation revenue — 1,347 462 2,201 4,010
Income from commissions 103 68,871 32 57 69,063
Net Financial income (expense) — 72,724 — — 72,724
Other income — — — — —
Total Income 103 156,557 842 4,548 162,050
Interest expense 5,802 6,478 209 1,102 13,591
UF indexation expense — — 3 — 3
Expenses from commissions — 21,604 — — 21,604
Expenses credit losses (gains) — (958 ) 13 70 (875 )
Expenses from salaries and employee benefits — 148 32,145 64,715 97,008
Administrative expenses — 5,910 2,641 74 8,625
Other expenses — — 1 8 9
Total Expenses 5,802 33,182 35,012 65,969 139,965
(*) This<br> does not constitute a Statement of Income from operations with related parties since the<br> assets with these parties are not necessarily equal to the liabilities and in each of them<br> the total income and expenses are reflected and not those corresponding to matched operations.
--- --- 
148
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
43. RelatedParty Disclosures, continued:
--- ---
(c) Transactions<br> with related parties: Individual transactions in the period with related parties that are<br> legal entities, which do not correspond to the usual operations of the line of business performed<br> with customers in general and when such individual transactions consider a transfer of resources,<br> services or obligations higher than UF 2,000 are detailed below.

Asof September 30, 2025

Nature of the Description<br> of the transaction Transactions under equivalent conditions to those transactions with mutual Effect on<br> <br>Income Effect on<br> <br>Financial position
Company<br> name relationship with <br><br>the Bank Type<br> of service Term Renewal<br> conditions independence between the parties Amount<br> <br>MCh$ Income<br> <br>MCh$ Expenses<br> <br>MCh$ Accountsreceivable<br> <br>MCh$ Accounts payable<br> <br>MCh$
Servipag<br> Ltda. Joint<br> venture Collection<br> services 30<br> days Contract Yes 2,992 — 2,992 — 545
Servicios<br> de transferencia 30 days Contract Yes 138 — 138 — —
IT support<br> services 30 days Contract Yes 303 — 303 — —
Bolsa<br> de Comercio de Santiago, Bolsa de Valores Minority<br> investments Brokerage<br> commission 30 days Contract Yes 227 — 227 — 36
Manantial<br> S.A. Other<br> related parties General<br> expenses 30 days Contract Yes 259 — 259 — —
Enex S.A. Other<br> related parties Rent spaces<br> for ATM 30 days Contract Yes 2,517 — 2,517 — 534
Advertising<br> service 30 days Contract Yes 175 — 175 — —
Redbanc<br> S.A. Associates Electronic<br> transaction management services 30 days Contract Yes 13,919 — 13,919 — 1,462
IT services 30 days Contract Yes 280 — 280 — —
IT project<br> services 30 days Contract Yes 268 — 268 —
Depósito<br> Central de Valores S.A. Other<br> related parties Quality<br> control and custodial services 30 days Contract Yes 595 — 595 — 178
Custodial<br> services 30 days Contract Yes 862 — 862 — —
CCLV Contraparte<br> Central S.A. Minority<br> investments Brokerage<br> commission 30 days Contract Yes 249 — 249 — 24
Sociedad<br> Operadora de la Cámara de Compensación de Pagos de Alto Valor S.A. Associates Collection<br> services 30 days Contract Yes 769 — 769 — 90
Universidad<br> Adolfo Ibañez Other<br> related parties Training 30 days Contract Yes 87 — 87 — —
Canal 13 Other<br> related parties Advertising<br> service 30 days Contract Yes 382 — 382 — 350
La Barra<br> S.A. Other<br> related parties Advertising<br> service 30 days Contract Yes 128 — 128 — —
Bolsa<br> Electrónica de Chile, Bolsa de Valores Minority<br> investments Brokerage<br> commission 30 days Contract Yes 139 — 139 — 28
Citibank<br> N.A. Reino Unido Other<br> related parties Service<br> of financial information 30 days Contract Yes 106 — 106 — —
Comder<br> Contraparte Central S.A. Other<br> related parties Securities<br> clearing services 30 days Contract Yes 463 — 463 — —
Citigroup<br> Global Markets INC Other<br> related parties Brokerage<br> commission 30 days Contract Yes 316 — 316 — 51
DCV Registros<br> S.A. Other<br> related parties IT services 30 days Contract Yes 210 — 210 — —
Transbank<br> S.A. Associates Card processing 30 days Contract Yes 487 — 487 — 81
Exchange<br> commission 30 days Contract Yes 59,151 59,151 — — —
Centro<br> de Compensación Automatizado S.A. Associates Transfer<br> services 30 days Contract Yes 1,958 — 1,958 — 85
Fraud<br> prevention services 30 days Contract Yes 337 — 337 — —
Collection<br> services 30 days Contract Yes 123 — 123 — —
Citibank<br> N.A. Other<br> related parties Connectivity<br> business commissions Quarterly Contract Yes 6,272 6,272 — 3,731 —
Nuevos<br> Desarrollos S.A. Other<br> related parties Financial<br> lease agreements 30<br> days Contract Yes 149 — 149 — 367
Plaza<br> Vespucio SPA Other<br> related parties Financial<br> lease agreements 30 days Contract Yes 99 — 99 — 64
Plaza<br> Oeste SPA Other<br> related parties Financial<br> lease agreements 30 days Contract Yes 204 — 204 — 638
Plaza<br> del Trébol SPA Other<br> related parties Financial<br> lease agreements 30 days Contract Yes 191 — 191 — 65
Plaza<br> Tobalaba SPA Other<br> related parties Financial<br> lease agreements 30 days Contract Yes 109 — 109 — 11
Plaza<br> La Serena SPA Other<br> related parties Financial<br> lease agreements 30 days Contract Yes 192 — 192 — 444
Inmobiliaria<br> Mall Calama S.A. Other<br> related parties Financial<br> lease agreements 30 days Contract Yes 111 — 111 — 37 
149
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
43. RelatedParty Disclosures, continued:
(c) Transactions<br> with related parties, continued:
--- ---

Asof December 31, 2024

Nature of the Description<br> of the transaction Transactions under equivalent conditions to those transactions with mutual Effect on<br> <br>Income Effect on<br> <br>Financial position
Company<br> name relationship <br><br>with <br> the Bank Type<br> of service Term Renewal<br> conditions independence<br><br> between the parties Amount<br> <br>MCh$ Income<br> <br>MCh$ Expenses<br> <br>MCh$ Accountsreceivable<br> <br>MCh$ Accounts payable<br> <br>MCh$
Ionix<br> SPA Other<br> related parties IT<br> support services 30<br> days Contract Yes 141 — 141 — —
Servipag<br> Ltda. Joint<br> venture IT support<br> services 30 days Contract Yes 367 — 367 — —
Collection<br> services 30 days Contract Yes 4,235 — 4,235 — 387
Bolsa<br> de Comercio de Santiago, Bolsa de Valores Minority<br> investments Service<br> of financial information 30 days Contract Yes 356 — 356 — 25
Brokerage<br> commission 30 days Contract Yes 423 — 423 — —
IT support<br> services 30 days Contract Yes 256 — 256 — —
Enex S.A. Other<br> related parties Rent spaces<br> for ATM 30 days Contract Yes 1,740 — 1,740 — 498
Universidad<br> del Desarrollo Other<br> related parties Advertising<br> service 30 days Contract Yes 126 — 126 — —
Universidad<br> Adolfo Ibáñez Other<br> related parties Training 30 days Contract Yes 272 — 272 — —
Bolsa<br> Electrónica de Chile S.A. Minority<br> investments Brokerage<br> commission 30 days Contract Yes 203 — 203 — 1
Service<br> of financial information 30 days Contract Yes 117 — 117 — —
DCV Registros<br> S.A. Other<br> related parties IT services 30 days Contract Yes 294 — 294 — —
Redbanc<br> S.A. Associates Electronic<br> transaction management services 30 days Contract Yes 17,658 — 17,658 — 1,707
IT project<br> services 30 days Contract Yes 132 — 132 — —
Installation<br> services 30 days Contract Yes 81 — 81 — —
Fraud<br> prevention services 30 days Contract Yes 108 — 108 — —
IT services 30 days Contract Yes 442 — 442 — —
Depósito<br> Central de Valores S.A. Other<br> related parties Quality<br> control and custodial services 30 days Contract Yes 833 — 833 — 90
Custodial<br> services 30 days Contract Yes 1,357 — 1,357 — —
CCLV Contraparte<br> Central S.A. Minority<br> investments Brokerage<br> commission 30 days Contract Yes 352 — 352 — 22
Manantial<br> S.A. Other<br> related parties General<br> expenses 30 days Contract Yes 379 — 379 — —
Sociedad<br> Operadora de la Cámara de Compensación de Pagos de Alto Valor S.A. Associates Collection<br> services 30 days Contract Yes 881 — 881 — 91
Comder<br> Contraparte Central S.A. Other<br> related parties Securities<br> clearing services 30 days Contract Yes 529 — 529 — —
Citigroup<br> Global Markets INC Other<br> related parties Brokerage<br> commission 30 days Contract Yes 387 — 387 — 29
Transbank<br> S.A. Associates Card processing 30 days Contract Yes 498 — 498 — 97
Project<br> consultation 30 days Contract Yes 114 — 114 — —
Fraud<br> prevention services 30 days Contract Yes 87 — 87 — —
Exchange<br> commission 30 days Contract Yes 79,025 79,025 — — —
Centro<br> de Compensación Automatizado S.A. Associates Fraud<br> prevention services 30 days Contract Yes 657 — 657 — 333
Collection<br> services 30 days Contract Yes 187 — 187 — —
Transfer<br> services 30 days Contract Yes 2,803 — 2,803 — —
Artikos<br> Chile S.A. Joint<br> venture IT support<br> services 30 days Contract Yes 422 — 422 — 2
IT services 30 days Contract Yes 465 — 465 — —
Citibank<br> N.A. Other<br> related parties Connectivity<br> business commissions Quarterly Contract Yes 8,065 8,065 — 3,272 —
Fundación<br> Teletón Other<br> related parties Advertising<br> services 30 days Contract Yes 449 — 449 — 121
Donations 30 days Contract Yes 1,599 — 1,599 — —
Canal 13 Other<br> related parties Advertising<br> service 30 days Contract Yes 202 — 202 — 73
Inmobiliaria<br> e Inversiones Capitolio S.A. Other<br> related parties Leases 30 days Contract Yes 84 — 84 — —
Nuevos<br> Desarrollos S.A. Other<br> related parties Financial<br> lease agreements 30 days Contract Yes 180 — 180 — 496
Plaza<br> Vespucio SPA Other<br> related parties Financial<br> lease agreements 30 days Contract Yes 127 — 127 — 154
Plaza<br> Oeste SPA Other<br> related parties Financial<br> lease agreements 30 days Contract Yes 254 — 254 — 810
Plaza<br> del Trebol SPA Other<br> related parties Financial<br> lease agreements 30 days Contract Yes 270 — 270 — 73
Plaza<br> Tobalaba SPA Other<br> related parties Financial<br> lease agreements 30 days Contract Yes 135 — 135 — 113
Plaza<br> La Serena SPA Other<br> related parties Financial<br> lease agreements 30 days Contract Yes 223 — 223 — 543
Inmobiliaria<br> Mall Calama S.A. Other<br> related parties Financial<br> lease agreements 30 days Contract Yes 141 — 141 — 137 
150
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
43. RelatedParty Disclosures, continued:
--- ---
(d) Payments<br> to the Board of Directors and to key personnel of the management of the Bank and its subsidiaries:
**** **** September **** **** September ****
**** **** 2025 **** **** 2024 ****
**** **** MCh$ **** **** MCh$ ****
Board of Directors:
Payment of remuneration and attendance fees of the Board of Directors - Bank and its subsidiaries 2,681 2,555
Other Board expenses 72 64
Key Personnel of the Management of the Bank and its Subsidiaries:
Payment for short-term employee benefits 28,136 28,803
Payment for severance 1,312 3,342
Payment of post-employment benefits to employees — —
Payment of long-term employee benefits — —
Payment to employees based on shares or equity instruments — —
Payment for obligations for defined contribution post-employment plans — —
Payment for obligations for post-employment defined benefit plans — —
Payment for other staff obligations — —
Subtotal 29,448 32,145
Total 32,201 34,764
(e) Composition<br> of the Board of Directors and key personnel of the Management of the Bank and its subsidiaries:
**** **** September **** **** September ****
--- --- --- --- --- --- --- --- ---
**** **** 2025 **** **** 2024 ****
**** **** No. Executives ****
Board of Directors:
Directors – Bank and its subsidiaries 17 17
Key Personnel of the Management of the Bank and its Subsidiaries:
CEO – Bank 1 1
CEOs – Subsidiaries 5 5
Division Managers / Area – Bank 75 74
Division Managers / Area – Subsidiaries 29 28
Subtotal 110 108
Total 127 125 
151
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
44. Fair<br>Value of Financial Assets and Liabilities:
--- ---

Banco de Chile and its subsidiaries have defined a corporate framework for valuation and control related with the process to the fair value measurement.

Within the established framework includes the Product Control Unit, which is independent of the business areas and reports to the Financial Management Control and Division Manager. This function befalls to the Financial Control, Treasury and Capital Manager, through the Financial Risk Information and Control Section, is responsible for independent verification of price and results of trading (including derivatives) and investment operations and all fair value measurements.

To achieve the appropriate measurements and controls, the Bank and its subsidiaries, take into account at least the following aspects:

(i) Industry<br> standard valuation.

To value financial instruments, Banco de Chile uses industry standard modeling; quota value, share price, discounted cash flows and valuation of options through Black-Scholes-Merton, according to the case.

The input parameters for the valuation of fixed income instruments and options correspond to rates, prices and volatility levels for different terms and market factors that are traded in the national and international market and that are provided by the main sources of the market.

In the case of the valuation of derivatives under a CSA (Credit Support Annex Discounting) agreement, the rates used to discount the flows correspond to the CSA Discounting methodology, where the discount factors used depend on the collateral agreement that exists with each counterparty.

(ii) Quoted<br> prices in active markets.

The fair value for instruments with quoted prices in active markets is determined using daily quotes from electronic systems information (such as Santiago Stock Exchange, Bloomberg, LVA and Risk America, etc.). This quote represents the price at which these instruments are regularly traded in the financial markets.

(iii) Valuation<br> techniques.

If no specific quotes are available for the instrument to be valued, valuation techniques will be used to determine the fair value.

Due to, in general, the valuation models require a set of market parameters as inputs, the aim is to maximize information based on observable or price-related quotations for similar instruments in active markets. To the extent there is no information in direct from the markets, data from external suppliers of information, prices of similar instruments and historical information are used to validate the valuation parameters.

152
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
44. FairValue of Financial Assets and Liabilities, continued:
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(iv) Fair<br> value adjustments.

Part of the fair value process considers four adjustments to the market value, calculated based on the market parameters, including a liquidity adjustment, a Bid/Offer adjustment, an adjustment for derivative credit risk (CVA and DVA), and an adjustment for the funding of the derivative cash flows (FVA). Likewise, for certain fixed income instruments held in investment portfolios measured at fair value through other comprehensive income or at amortized cost, the portion of the fair value adjustment explained by impairment due to counterparty credit risk is determined.

The calculation of the liquidity adjustment considers the size of the position in each factor, the liquidity of each factor, the relative size of Banco de Chile with respect to the market, and the liquidity observed in transactions recently carried out in the market. In turn, the Bid/Offer adjustment, represents the impact on the valuation of an instrument depending on whether the position corresponds to a long (bought) or a short (sold). To calculate this adjustment is used the direct quotes from active markets or indicative prices or derivatives of similar assets depending on the instrument, considering the Bid, Mid and Offer, respectively. Finally, the adjustment made for CVA and DVA for derivatives corresponds to the credit risk recognition of the issuer, either of the counterparty (CVA) or of Banco de Chile (DVA). Similarly, the determination of credit risk impairment is determined based on the counterparty risk implicit in the instrument’s market rate. Finally, the FVA adjustment for derivatives corresponds to a value adjustment that reflects the expected cost (or benefit) of financing (reinvesting) the cash flows of the derivative, with respect to a reference discount rate, when there are no collaterals, or this one is imperfect.

Note that there is also the concept of COLVA for derivatives, which is a valuation adjustment if a derivative is valued using parameters other than those used in the CSA Discounting methodology. As Banco de Chile uses CSA Discounting as the valuation methodology, COLVA is already part of the derivative’s Mark-to-Market (MTM), and no additional adjustment is required for this concept. However, the Bank measures COLVA for internal management purposes, relative to a SOFR Discounting scenario (scenario where all derivatives have USD SOFR collateral).

Liquidity value adjustments are made to trading instruments (including derivatives) only, while Bid/Offer adjustments are made for trading instruments and financial instruments at fair value through other comprehensive income. Adjustments for CVA / DVA/FVA/COLVA are made only for derivatives. Also, credit risk impairment is computed only for fixed income instruments measured at fair value through other comprehensive income and fixed income instruments measured at amortized cost.

153
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
44. FairValue of Financial Assets and Liabilities, continued:
--- ---
(v) Fair<br> value control.
--- ---

A process of independent verification of prices and interest rates is executed daily, in order to control that the market parameters used by Banco de Chile in the valuation of the financial instruments relating to the current state of the market and from them the best estimate derived of the fair value. The objective of this process is to control those the official market parameters provided by the respective business areas, before being entered into the valuation, are within acceptable ranges of differences when compared to the same set of parameters prepared independently by the Financial Risk Information and Control Section. As a result, value differences are obtained at the level of currency, product and portfolio. In the event significant differences exist, these differences are scaled according to the amount of individual materiality of each market factor and aggregated at the portfolio level, according to the grouping levels within previously defined ranges. These ranges are approved by the Finance, International and Financial Risk Committee.

Complementary and in parallel, the Financial Risk Information and Control Section generates and reports daily Profit and Loss (“P&L”) and Exposure to Market Risks, which allow for proper control and consistency of the parameters used in the valuation.

(vi) Judgmental<br> analysis and information to Management.

Cases, where there are no market quotations for the instrument to be valued and there are no prices for similar transactions instruments or indicative parameters, a specific control and a reasoned analysis must be carried out in order to estimate the fair value of the operation. Within the valuation framework described in the Reasonable Value Policy (and its procedure) approved by the Board of Directors of Banco de Chile, a required level of approval is set in order to carry out transactions where market information is not available, or it is not possible to infer prices or rates from it.

(a) Hierarchy<br>of instruments valued at Fair value:

Banco de Chile and its subsidiaries, classify all the financial instruments among the following levels:

Level 1: These<br>are financial instruments whose fair value is calculated at quoted prices (unadjusted) in extracted from liquid and deep markets. For<br>these instruments there are quotes or prices (return internal rates, quote value, price) the observable market, so that assumptions are<br>not required to determine the value.

In this level, the following instruments are considered: currency futures, debt instruments issued by the Treasury and the Central Bank of Chile, which belong to benchmarks, mutual fund investments and equity shares.

For the instruments of the Central Bank of Chile and the General Treasury of the Republic, all those mnemonics belonging to a Benchmark, in other words corresponding to one of the following categories published by the Santiago Stock Exchange, will be considered as Level 1: Pesos-02, Pesos-03, Pesos-04, Pesos-05, Pesos-07,Pesos-10, UF-02, UF-04, UF-05, UF-07, UF-10, UF-20, UF-30.

154
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
44. FairValue of Financial Assets and Liabilities, continued:
--- ---

A Benchmark corresponds to a group of mnemonics that are similar in duration and are traded in an equivalent way, i.e., the price (return internal rates in this case) obtained is the same for all the instruments that make up a Benchmark. This feature defines a greater depth of market, with daily quotations that allow classifying these instruments as Level 1.

In the case of debt issued by the Chilean Government, the internal rate of return of the market is used to discount all flows to present value. In the case of mutual funds and equity shares, the current market price per share, which multiplied by the number of instruments results in the fair value.

The preceding described valuation methodology is equivalent to the one used by the Santiago Stock Exchange and correspond to the standard methodology used in the market.

Level 2: They<br>are financial instruments whose fair value is calculated based on prices other than in quoted in Level 1 that are observable for the<br>asset or liability, directly (that is, as prices or internal rates of return) or indirectly (that is, derived from prices or internal<br>rates of return from similar instruments). These categories include:
a) Quoted<br> prices for similar assets or liabilities in active markets.
--- ---
b) Quoted<br> prices for identical or similar assets or liabilities in markets that are not active.
--- ---
c) Inputs<br> data other than quoted prices that are observable for the asset or liability.
--- ---
d) Inputs<br> data corroborated by the market.
--- ---

At this level there are mainly derivatives instruments, debt issued by banks, debt issues of Chilean and foreign companies, issued in Chile or abroad, mortgage claims, financial brokerage instruments and some issuances by the Central Bank of Chile and the General Treasury of the Republic, which do not belong to benchmarks.

The technique used for derivative valuation depends on whether the instrument is impacted by volatility as a relevant market factor. Accordingly, for options, the Black-Scholes-Merton formula is applied, as it incorporates volatility, whereas for other derivatives, such as forwards and swaps, the discounted cash flow method is used.

For the remaining instruments at this level, as for debt issues of level 1, the valuation is done through cash flows model by using an internal rate of return that can be derived or estimated from internal rates of return of similar securities as mentioned above.

If there is no observable price for an instrument in a specific term, the price will be inferred from the interpolation between periods that have observable quoted price in active markets. These models incorporate various market variables, including the credit quality of counterparties, exchange rates and interest rate curves.

155
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
44. FairValue of Financial Assets and Liabilities, continued:
--- ---

Valuation Techniques and Inputs for Level 2 Instrument:

Type of Financial<br><br> <br>Instrument Valuation Method Description: Inputs and Sources
Local<br> Bank and<br><br> <br>Corporate<br> Bonds Discounted<br> cash<br><br> <br>flows<br> model Prices<br> (internal rates of return) are provided by third party price providers that are widely used in the Chilean market.<br><br> <br><br><br> <br>Model<br> is based on a Base Yield (Central Bank Bonds) and issuer spread.<br><br> <br><br><br> <br>The<br>model is based on daily prices and risk/maturity similarities between Instruments.
Offshore<br> Bank and<br><br> <br>Corporate<br> Bonds Prices<br> are provided by third party price providers that are widely used in the Chilean market.<br><br> <br><br><br> <br>Model<br> is based on daily prices.
Local<br> Central Bank<br><br> <br>and<br> Treasury Bonds Prices<br> (internal rates of return) are provided by third party price providers that are widely used in the Chilean market.<br><br> <br><br><br> <br>Model<br> is based on daily prices.
Mortgage<br><br> <br>Notes Prices<br> (internal rates of return) are provided by third party price providers that are widely used in the Chilean market.<br><br> <br><br><br> <br>Model<br> is based on a Base Yield (Central Bank Bonds) and issuer spread.<br><br> <br><br><br> <br>The<br> model takes into consideration daily prices and risk/maturity similarities between instruments.
Time<br><br> <br>Deposits Prices<br> (internal rates of return) are provided by third party price providers that are widely used in the Chilean market.<br><br> <br><br><br> <br>Model<br> is based on daily prices and considers risk/maturity similarities between instruments.
Cross<br> Currency Swaps,<br><br> <br>Interest<br> Rate Swaps,<br><br> <br>FX<br> Forwards, Inflation<br><br> <br>Forwards Forward<br> Points, Inflation forecast and local swap rates are provided by market brokers that are widely used in the Chilean market.<br><br> <br><br><br> <br>Offshore<br> rates and spreads are obtained from third party price providers that are widely used in the Chilean market.<br><br> <br><br><br> <br>Zero<br> Coupon rates are calculated by using the bootstrapping method over swap rates.
FX<br> Options Black-Scholes<br><br> <br>Model Prices<br> for volatility surface estimates are obtained from market brokers that are widely used in the Chilean market. 
156
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
44. FairValue of Financial Assets and Liabilities, continued:
--- ---
Level 3: These<br>are financial instruments whose fair value is determined using non-observable inputs data neither for the assets or liabilities under<br>analysis nor for similar instruments. An adjustment to an input that is significant to the entire measurement can result in a fair value<br>measurement classified within Level 3 of the fair value hierarchy, if the adjustment uses significant non-observable data entry.
--- ---

The instruments likely to be classified as level 3 are mainly Corporate Debt by Chilean and foreign companies, issued both in Chile and abroad.

Valuation Techniques and Inputs for Level 3 Instrument:

Type of Financial Instrument Valuation Method Description: Inputs and Sources
Local<br> Bank and<br><br> <br>Corporate<br> Bonds Discounted<br> cash<br><br> <br>flows<br> model Since<br> inputs for these types of securities are not observable by the market, we model interest rate of returns for them based on a Base<br> Yield (Central Bank Bonds) and issuer spread. These inputs (base yield and issuer spread) are provided on a daily basis by third<br> party price providers that are widely used in the Chilean market.
Offshore<br> Bank and Corporate Bonds Since<br>inputs for these types of securities are not observable by the market, we model interest rate of returns for them based on a Base Yield<br>and issuer spread. These inputs (base yield and issuer spread) are provided on a weekly basis by third party price providers that are<br>widely used in the Chilean market. 
157
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
44. FairValue of Financial Assets and Liabilities, continued:
--- ---
(b) Level<br> chart:
--- ---

The following table shows the classification by levels, for financial instruments registered at fair value.

Level 1 Level 2 Level 3 Total
September December September December September December September December
2025 2024 2025 2024 2025 2024 2025 2024
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Financial Assets
Financial Assets held for trading at fair value through profit or loss
Financial Derivative contracts:
Forwards — — 152,023 227,670 — — 152,023 227,670
Swaps — — 1,613,059 2,070,481 — — 1,613,059 2,070,481
Call Options — — 775 4,949 — — 775 4,949
Put Options — — 405 253 — — 405 253
Futures — — — — — — — —
Subtotal — — 1,766,262 2,303,353 — — 1,766,262 2,303,353
Debt Financial Instruments:
From the Chilean Government and Central Bank 451,312 210,418 2,581,654 1,285,039 — — 3,032,966 1,495,457
Other debt financial instruments issued in Chile — — 148,935 206,675 15,912 11,273 164,847 217,948
Financial debt instruments issued Abroad — — — 976 — — — 976
Subtotal 451,312 210,418 2,730,589 1,492,690 15,912 11,273 3,197,813 1,714,381
Others 403,914 411,689 — — 403,914 411,689
Subtotal 855,226 622,107 4,496,851 3,796,043 15,912 11,273 5,367,989 4,429,423
Financial Assets at fair value through Other Comprehensive Income
Debt Financial Instruments: (1)
From the Chilean Government and Central Bank 1,160,139 550,418 154,264 110,359 — — 1,314,403 660,777
Other debt financial instruments issued in Chile — — 1,873,493 1,303,708 57,775 71,922 1,931,268 1,375,630
Financial debt instruments issued Abroad — — 38,149 51,938 — — 38,149 51,938
Subtotal 1,160,139 550,418 2,065,906 1,466,005 57,775 71,922 3,283,820 2,088,345
Financial Derivative contracts for hedging purposes
Forwards — — — — — — — —
Swaps — — 69,057 73,959 — — 69,057 73,959
Call Options — — — — — — — —
Put Options — — — — — — — —
Futures — — — — — — — —
Subtotal — — 69,057 73,959 — — 69,057 73,959
Total 2,015,365 1,172,525 6,631,814 5,336,007 73,687 83,195 8,720,866 6,591,727
Financial Liabilities
Financial liabilities held for trading at fair value through profit or loss:
Financial Derivative contracts:
Forwards — — 154,159 241,632 — — 154,159 241,632
Swaps — — 1,755,822 2,198,068 — — 1,755,822 2,198,068
Call Options — — 1,656 4,151 — — 1,656 4,151
Put Options — — 647 955 — — 647 955
Futures — — — — — — — —
Subtotal — — 1,912,284 2,444,806 — — 1,912,284 2,444,806
Others — — 1,381 990 — — 1,381 990
Financial derivative contracts for hedging purposes
Forwards — — — — — — — —
Swaps — — 184,481 141,040 — — 184,481 141,040
Call Options — — — — — — — —
Put Options — — — — — — — —
Futures — — — — — — — —
Subtotal — — 184,481 141,040 — — 184,481 141,040
Total — — 2,098,146 2,586,836 — — 2,098,146 2,586,836
(1) As<br> of September 30, 2025, 93% of instruments of Level 3 have denomination “Investment<br> Grade”. Also, 100% of total of these financial instruments correspond to domestic issuers.
--- --- 
158
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
44. FairValue of Financial Assets and Liabilities, continued:
--- ---
(c) Level<br>3 reconciliation:
--- ---

The following table shows the reconciliation between the balances at the beginning and at the end of period for those instruments classified in Level 3, whose fair value is reflected in the Interim Consolidated Financial Statements:

September 2025
Balance as of January 1,<br><br>2025 Gain (Loss) Recognized in Income (1) Gain (Loss) Recognized in Equity (2) Purchases Sales Transfer from Level 1 and 2 Transfer to Level 1 and 2 Balance as of September 30,<br><br>2025
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Financial Assets held for trading at fair value through profit or loss
Debt Financial Instruments:
Other debt financial instruments issued in Chile 11,273 274 — 15,952 (4,036 ) — (7,551 ) 15,912
Subtotal 11,273 274 — 15,952 (4,036 ) — (7,551 ) 15,912
Financial Assets at fair value through Other Comprehensive Income
Debt Financial Instruments:
Other debt financial instruments issued in Chile 71,922 378 174 — (39,553 ) 61,899 (37,045 ) 57,775
Subtotal 71,922 378 174 — (39,553 ) 61,899 (37,045 ) 57,775
Total 83,195 652 174 15,952 (43,589 ) 61,899 (44,596 ) 73,687
December<br> 2024
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Balance as of January 1,<br><br>2024 Gain (Loss) Recognized in Income (1) Gain (Loss) Recognized in Equity (2) Purchases Sales Transfer from Level 1 and 2 Transfer to Level 1 and 2 Balance as of<br><br> December 31, <br><br>2024
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Financial Assets held for trading at fair value through profit or loss
Debt Financial Instruments:
Other debt financial instruments issued in Chile 34,363 1,409 — 25,279 (56,736 ) 6,958 — 11,273
Subtotal 34,363 1,409 — 25,279 (56,736 ) 6,958 — 11,273
Financial Assets at fair value through Other Comprehensive Income
Debt Financial Instruments:
Other debt financial instruments issued in Chile 88,483 586 1,682 58,608 (27,961 ) 11,268 (60,744 ) 71,922
Subtotal 88,483 586 1,682 58,608 (27,961 ) 11,268 (60,744 ) 71,922
Total 122,846 1,995 1,682 83,887 (84,697 ) 18,226 (60,744 ) 83,195
(1) Recorded<br>in income under item “Net Financial income (expense)”.
--- ---
(2) Recorded<br>in equity under item “Accumulated other comprehensive income”.
--- --- 
159
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
44. FairValue of Financial Assets and Liabilities, continued:
--- ---
(d) Sensitivity<br> of instruments classified in Level 3 to changes in key assumptions of models:
--- ---

The following table shows the sensitivity, by type of instrument, of those instruments classified in Level 3 using alternative in key valuation assumptions:

As of September 30, 2025 As of December 31, 2024
Level 3 Sensitivity to changes in key assumptions of models Level 3 Sensitivity to changes in key assumptions of models
MCh$ MCh$ MCh$ MCh$
Financial Assets held for trading at fair value through profit or loss
Debt Financial Instruments:
Other debt financial instruments issued in Chile 15,912 (17 ) 11,273 (255 )
Subtotal 15,912 (17 ) 11,273 (255 )
Financial Assets at fair value through Other Comprehensive Income
Debt Financial Instruments:
Other debt financial instruments issued in Chile 57,775 (1,838 ) 71,922 (2,320 )
Subtotal 57,775 (1,838 ) 71,922 (2,320 )
Total 73,687 (1,855 ) 83,195 (2,575 )

With the purpose of determining the sensitivity of the financial investments to changes in significant market factors, the Bank has made alternative calculations at fair value, changing those key parameters for the valuation and which are not directly observable in screens. In the case of the financial assets listed in the table above, which correspond to Bank Bonds and Corporate Bonds, it was considered that, since there are no current observables prices, the input prices will be based on brokers’ quotes. The prices are usually calculated as a base rate plus a spread. For Local Bonds it was determined to apply a 10% impact on the price. The 10% impact is considered reasonable, taking into account the market performance of these instruments and comparing it against the bid/offer adjustment that is provisioned by these instruments.

160
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
44. Fair Value of Financial Assets and Liabilities, continued:
--- ---
(e) Other<br> assets and liabilities:
--- ---

The following table summarizes the fair values of the Bank’s main financial assets and liabilities that are not recorded at fair value in the Interim Consolidated Statement of Financial Position. The values shown in this note are not attempt to estimate the value of the Bank’s income-generating assets, nor forecast their future behavior. The estimated fair value is as follows:

Book<br> Value Estimated<br> Fair Value
September December September December
2025 2024 2025 2024
MCh$ MCh$ MCh$ MCh$
Assets
Cash<br> and due from banks 2,055,697 2,699,076 2,055,697 2,699,076
Transactions<br> in the course of collection 586,308 372,456 586,308 372,456
Subtotal 2,642,005 3,071,532 2,642,005 3,071,532
Financial<br> assets at amortized cost:
Rights<br> by resale agreements and securities lending 106,523 87,291 106,523 87,291
Debt<br> financial instruments 458,332 944,074 428,954 892,550
Loans<br> and advances to Banks:
Domestic<br> banks 299,846 299,888 299,846 299,888
Central<br> Bank of Chile 1,400,000 — 1,400,000 —
Foreign<br> banks 361,731 366,927 359,270 366,245
Subtotal 2,626,432 1,698,180 2,594,593 1,645,974
Loans<br> to customers, net:
Commercial<br> loans 19,846,324 19,724,933 19,684,062 19,561,279
Residential<br> mortgage loans 13,804,608 13,180,186 13,830,240 13,000,178
Consumer<br> loans 5,136,132 5,183,917 5,230,831 5,247,985
Subtotal 38,787,064 38,089,036 38,745,133 37,809,442
Total 44,055,501 42,858,748 43,981,731 42,526,948
Liabilities
Transactions<br> in the course of payment 519,938 283,605 519,938 283,605
Financial<br> liabilities at amortized cost:
Current<br> accounts and other demand deposits 14,323,346 14,263,303 14,323,346 14,263,303
Saving<br> accounts and time deposits 15,139,286 14,168,703 15,140,518 14,170,156
Obligations<br> by repurchase agreements and securities lending 168,080 109,794 168,080 109,794
Borrowings<br> from financial institutions 1,525,228 1,103,468 1,494,741 1,071,097
Debt<br> financial instruments issued:
Letters<br> of credit for residential purposes 604 849 711 946
Letters<br> of credit for general purposes — 1 — 1
Bonds 11,334,947 9,689,219 11,261,268 9,596,699
Other<br> financial obligations 281,542 284,479 281,542 284,479
Subtotal 42,773,033 39,619,816 42,670,206 39,496,475
Regulatory<br> capital financial instruments:
Subordinate<br> bonds 1,095,083 1,068,879 1,064,565 1,057,509
Total 44,388,054 40,972,300 44,254,709 40,837,589

Other financial assets and liabilities not measured at their fair value, but for which a fair value is estimated, even if not managed based on such value, include assets and liabilities such as placements, deposits and other time deposits, debt issued, and other financial assets and obligations with different maturities and characteristics. The fair value of these assets and liabilities is calculated using the Discounted Cash Flow model and the use of various data sources such as yield curves, credit risk spreads, etc. In addition, due to some of these assets and liabilities are not traded on the market, periodic reviews and analyzes are required to determine the suitability of the inputs and determined fair values.

161
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
44. Fair Value of Financial Assets and Liabilities, continued:
--- ---
(f) Levels<br> of other assets and liabilities:
--- ---

The following table shows the estimated fair value of financial assets and liabilities not measured at their fair value, as of September 30, 2025 and December 31, 2024:

Level<br> 1<br> Estimated fair value Level<br> 2<br> Estimated fair value Level<br> 3<br> Estimated fair value Total<br><br> Estimated fair value
September December September December September December September December
2025 2024 2025 2024 2025 2024 2025 2024
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Assets
Cash and due from<br> banks 2,055,697 2,699,076 — — — — 2,055,697 2,699,076
Transactions in the course<br> of collection 586,308 372,456 — — — — 586,308 372,456
Subtotal 2,642,005 3,071,532 — — — — 2,642,005 3,071,532
Financial assets at amortized<br> cost:
Rights<br> by resale agreements and securities lending 106,523 87,291 — — — — 106,523 87,291
Debt<br> financial instruments 428,954 892,550 — — — — 428,954 892,550
Loans<br> and advances to Banks:
Domestic<br> banks 299,846 299,888 — — — — 299,846 299,888
Central<br> Bank of Chile 1,400,000 — — — — — 1,400,000 —
Foreign<br> banks — — — — 359,270 366,245 359,270 366,245
Subtotal 2,235,323 1,279,729 — — 359,270 366,245 2,594,593 1,645,974
Loans<br> to customers, net:
Commercial<br> loans — — — — 19,684,062 19,561,279 19,684,062 19,561,279
Residential<br> mortgage loans — — — — 13,830,240 13,000,178 13,830,240 13,000,178
Consumer<br> loans — — — — 5,230,831 5,247,985 5,230,831 5,247,985
Subtotal — — — — 38,745,133 37,809,442 38,745,133 37,809,442
Total 4,877,328 4,351,261 — — 39,104,403 38,175,687 43,981,731 42,526,948
Liabilities
Transactions<br> in the course of payment 519,938 283,605 — — — — 519,938 283,605
Financial<br> liabilities at amortized cost:
Current<br> accounts and other demand deposits 14,323,346 14,263,303 — — — — 14,323,346 14,263,303
Saving<br> accounts and time deposits — — — — 15,140,518 14,170,156 15,140,518 14,170,156
Obligations<br> by repurchase agreements and securities lending 168,080 109,794 — — — — 168,080 109,794
Borrowings<br> from financial institutions — — — — 1,494,741 1,071,097 1,494,741 1,071,097
Debt<br> financial instruments issued:
Letters<br> of credit for residential purposes — — 711 946 — — 711 946
Letters<br> of credit for general purposes — — — 1 — — — 1
Bonds — — 11,261,268 9,596,699 — — 11,261,268 9,596,699
Other<br> financial obligations — — — — 281,542 284,479 281,542 284,479
Subtotal 14,491,426 14,373,097 11,261,979 9,597,646 16,916,801 15,525,732 42,670,206 39,496,475
Regulatory<br> capital financial instruments:
Subordinate bonds — — — — 1,064,565 1,057,509 1,064,565 1,057,509
Total 15,011,364 14,656,702 11,261,979 9,597,646 17,981,366 16,583,241 44,254,709 40,837,589 
162
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
44. Fair Value of Financial Assets and Liabilities, continued:
--- ---
(f) Levels<br> of other assets and liabilities, continued:
--- ---

The Bank determines the fair value of these assets and liabilities according to the following:

● Short-term<br> assets and liabilities: For assets and liabilities with short-term maturity, it is assumed<br> that the book values approximate to their fair value. This assumption is applied to the following<br> assets and liabilities:
Assets: Liabilities:
--- --- ---
-<br> Cash and due from banks -<br> Current accounts and other demand deposits
-<br> Transactions in the course of collection -<br> Transactions in the course of payments
-<br> Investment under resale agreements and securities loans -<br> Obligations under repurchase agreements and securities loans
-<br> Loans and advances to domestic banks (including the Central Bank of Chile)
● Loans<br> to Customers and Advances to foreign banks: Fair value is determined by using the discounted<br> cash flow model and internally generated discount rates, based on internal transfer rates<br> derived from our internal transfer price process. Once the present value is determined, we<br> deduct the related loan loss allowances to incorporate the credit risk associated with each<br> contract or loan. As we use internally generated parameters for valuation purposes, we categorize<br> these instruments in Level 3.
--- ---
● Debt<br> financial instruments at amortized cost: The fair value is calculated with the methodology<br> of the Stock Exchange, using the IRR observed in the market. Because the instruments that<br> are in this category correspond to Treasury Bonds that are Benchmark, they are classified<br> in Level 1.
--- ---
● Letters<br> of Credit and Bonds: To determine the present value of contractual cash flows, we apply the<br> discounted cash flow model by using market interest rates that are available in the market,<br> either for the instruments under valuation or instruments with similar features that fit<br> valuation needs in terms of currency, maturities and liquidity. The market interest rates<br> are obtained from third party price providers widely used by the market. As a result of the<br> valuation technique and the quality of inputs (observable) used for valuation, we categorize<br> these financial liabilities in Level 2.
--- ---
● Saving<br> Accounts, Time Deposits, Borrowings from Financial Institutions (including the Central Bank<br> of Chile), Subordinated Bonds and Other borrowings financial: The discounted cash flow model<br> is used to obtain the present value of committed cash flows by applying a bucket approach<br> and average adjusted discount rates that derived from both market rates for instruments with<br> similar features and our internal transfer price process. As we use internally generated<br> parameters and/or apply significant judgmental analysis for valuation purposes, we categorize<br> these financial liabilities in Level 3.
--- --- 
163
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
45. Maturity according to their remaining Terms of Financial Assets and Liabilities:
--- ---

The table below details the main financial assets and liabilities grouped in accordance with their remaining maturity, including capitals and accrued interest as of September 30, 2025 and December 31, 2024. As these are for trading and financial instrument at fair value through other comprehensive income are included at their fair value:

September<br> 2025
Demand Up<br> to <br> 1 month Over<br> 1 month and <br> up to 3 months Over<br> 3 month and <br> up to 12 months Subtotal<br> up to <br> 1 year Over<br> 1 year and <br> up to 3 years Over<br> 3 year <br> and up to 5 years Over<br><br> 5 years Subtotal<br> over 1<br> year Total
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Assets
Cash<br> and due from banks 2,055,697 — — — 2,055,697 — — — — 2,055,697
Transactions<br> in the course of collection — 586,308 — — 586,308 — — — — 586,308
Financial<br> assets held for trading at fair value through profit or loss:
Derivative<br> contracts financial — 110,034 95,996 253,403 459,433 405,979 419,231 481,619 1,306,829 1,766,262
Debt<br> financial instruments — 3,197,813 — — 3,197,813 — — — — 3,197,813
Others — 403,914 — — 403,914 — — — — 403,914
Financial<br> assets at fair value through other comprehensive income — 287,642 193,673 1,074,002 1,555,317 828,338 591,505 308,660 1,728,503 3,283,820
Derivative<br> contracts financial for hedging purposes — 249 — — 249 28,609 9,750 30,449 68,808 69,057
Financial<br> assets at amortized cost:
Rights<br> by resale agreements and securities lending — 88,510 16,831 1,182 106,523 — — — — 106,523
Debt<br> financial instruments (*) — — — 8,559 8,559 — 449,794 — 449,794 458,353
Loans<br> and advances to Banks (**) — 1,829,319 12,474 220,593 2,062,386 — — — — 2,062,386
Loans<br> to customers, net (**) — 5,807,526 2,942,227 6,659,263 15,409,016 6,987,674 4,613,704 12,597,407 24,198,785 39,607,801
Total<br> financial assets 2,055,697 12,311,315 3,261,201 8,217,002 25,845,215 8,250,600 6,083,984 13,418,135 27,752,719 53,597,934
September<br> 2025
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Demand Up<br> to 1<br> month Over<br> 1 month and <br> up to 3 months Over<br> 3 month and <br> up to 12 months Subtotal<br> up to <br> 1 year Over<br> 1 year and <br> up to 3 years Over<br> 3 year <br> and up to 5 years Over<br><br> 5 years Subtotal<br> over 1<br> year Total
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Liabilities
Transactions<br> in the course of payment — 519,938 — — 519,938 — — — — 519,938
Financial<br> liabilities held for trading at fair value through profit or loss:
Derivative<br> contracts financial — 113,788 73,362 264,123 451,273 536,370 459,011 465,630 1,461,011 1,912,284
Others — 791 590 — 1,381 — — — — 1,381
Derivative<br> contracts financial for hedging purposes — 8,359 2,100 — 10,459 — 30,220 143,802 174,022 184,481
Financial<br> liabilities at amortized cost:
Current<br> accounts and other demand deposits 14,323,346 — — — 14,323,346 — — — — 14,323,346
Saving<br> accounts and time deposits (***) — 9,290,714 2,936,884 2,497,821 14,725,419 8,049 424 589 9,062 14,734,481
Obligations<br> by repurchase agreements and securities lending — 168,080 — — 168,080 — — — — 168,080
Borrowings<br> from financial institutions — 301,705 128,216 949,651 1,379,572 145,656 — — 145,656 1,525,228
Debt<br> financial instruments issued:
Letters<br> of credit — 52 126 10 188 80 87 249 416 604
Bonds — 428,553 551,551 844,532 1,824,636 2,527,304 1,821,116 5,161,891 9,510,311 11,334,947
Other<br> financial obligations — 281,542 — — 281,542 — — — — 281,542
Lease<br> liabilities — 2,302 4,623 18,075 25,000 34,864 11,973 7,867 54,704 79,704
Regulatory<br> capital financial instruments — 3,583 103,022 8,325 114,930 11,049 9,250 959,854 980,153 1,095,083
Total<br> financial liabilities 14,323,346 11,119,407 3,800,474 4,582,537 33,825,764 3,263,372 2,332,081 6,739,882 12,335,335 46,161,099
Mismatch (12,267,649 ) 1,191,908 (539,273 ) 3,634,465 (7,980,549 ) 4,987,228 3,751,903 6,678,253 15,417,384 7,436,835
(*) These<br> balances are presented without deduction of impairment, which amount to Ch$21 million.
--- ---
(**) These<br> balances are presented without deduction of their respective provisions, which amount to<br> Ch$820,737 million for loans to customers and Ch$809 million for borrowings from financial<br> institutions.
--- ---
(***) Excludes<br> term saving accounts, which amount to Ch$404,805 million.
--- --- 
164
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
45. Maturity according to their remaining Terms of Financial Assets and Liabilities, continued:
--- ---
December<br> 2024
Demand Up<br> to <br> 1 month Over<br> 1 month and <br> up to 3 months Over<br> 3 month and <br> up to 12 months Subtotal<br> up to <br> 1 year Over<br> 1 year and <br> up to 3 years Over<br> 3 year and <br> up to 5 years Over 5 years Subtotal<br> over <br> 1 year Total
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Assets
Cash<br> and due from banks 2,699,076 — — — 2,699,076 — — — — 2,699,076
Transactions<br> in the course of collection — 372,456 — — 372,456 — — — — 372,456
Financial<br> assets held for trading at fair value through profit or loss:
Derivative<br> contracts financial — 87,403 120,813 465,718 673,934 540,872 405,243 683,304 1,629,419 2,303,353
Debt<br> financial instruments — 1,714,381 — — 1,714,381 — — — — 1,714,381
Others — 411,689 — — 411,689 — — — — 411,689
Financial<br> assets at fair value through other comprehensive income — 123,164 250,542 683,008 1,056,714 196,319 590,462 244,850 1,031,631 2,088,345
Derivative<br> contracts financial for hedging purposes — — — 4,783 4,783 25,936 15,741 27,499 69,176 73,959
Financial<br> assets at amortized cost:
Rights<br> by resale agreements and securities lending — 55,295 31,242 754 87,291 — — — — 87,291
Debt<br> financial instruments (*) — — 16,833 — 16,833 477,895 131,070 318,311 927,276 944,109
Loans<br> and advances to Banks (**) — 398,512 57,306 211,885 667,703 — — — — 667,703
Loans<br> to customers, net (**) — 5,344,299 2,853,497 7,464,859 15,662,655 6,849,850 4,175,945 12,186,670 23,212,465 38,875,120
Total<br> financial assets 2,699,076 8,507,199 3,330,233 8,831,007 23,367,515 8,090,872 5,318,461 13,460,634 26,869,967 50,237,482
December<br> 2024
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Demand Up<br> to <br> 1 month Over<br> 1 month and <br><br> up to 3 months Over<br> 3 month and <br><br> up to 12 months Subtotal<br> up to <br> 1 year Over<br> 1 year and <br> up to 3 years Over<br> 3 year and <br> up to 5 years Over 5 years Subtotal<br> over <br> 1 year Total
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Liabilities
Transactions<br> in the course of payment — 283,605 — — 283,605 — — — — 283,605
Financial<br> liabilities held for trading at fair value through profit or loss:
Derivative<br> contracts financial — 80,209 103,327 450,350 633,886 674,660 475,577 660,683 1,810,920 2,444,806
Others — 580 — — 580 410 — — 410 990
Derivative<br> contracts financial for hedging purposes — — — 10,741 10,741 241 28,906 101,152 130,299 141,040
Financial<br> liabilities at amortized cost:
Current<br> accounts and other demand deposits 14,263,303 — — — 14,263,303 — — — — 14,263,303
Saving<br> accounts and time deposits (***) — 9,029,159 2,636,427 2,073,931 13,739,517 53,594 452 547 54,593 13,794,110
Obligations<br> by repurchase agreements and securities lending — 109,214 65 515 109,794 — — — — 109,794
Borrowings<br> from financial institutions — 7,945 161,196 783,552 952,693 150,775 — — 150,775 1,103,468
Debt<br> financial instruments issued:
Letters<br> of credit — 138 140 161 439 40 86 285 411 850
Bonds — 4,451 134,852 1,033,995 1,173,298 2,577,932 2,043,457 3,894,532 8,515,921 9,689,219
Other<br> financial obligations — 284,479 — — 284,479 — — — — 284,479
Lease<br> liabilities — 2,252 4,728 19,046 26,026 36,552 18,746 10,105 65,403 91,429
Regulatory<br> capital financial instruments — 1,815 — 112,095 113,910 13,514 11,365 930,090 954,969 1,068,879
Total<br> financial liabilities 14,263,303 9,803,847 3,040,735 4,484,386 31,592,271 3,507,718 2,578,589 5,597,394 11,683,701 43,275,972
Mismatch (11,564,227 ) (1,296,648 ) 289,498 4,346,621 (8,224,756 ) 4,583,154 2,739,872 7,863,240 15,186,266 6,961,510
(*) These<br> balances are presented without deduction of impairment, which amount to Ch$35 million.
--- ---
(**) These<br> balances are presented without deduction of their respective provisions, which amount to<br> Ch$786,084 million for loans to customers and Ch$888 million for borrowings from financial<br> institutions.
--- ---
(***) Excludes<br> term saving accounts, which amount to Ch$374,593 million.
--- --- 
165
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
46. Financial<br> and Non-Financial Assets and Liabilities by Currency:
--- ---
As<br> of September 30, 2025 CLP CLF FX<br> Indexation COP CHF CNY Others TOTAL
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
MCh$ MCh$ MCh$ MCh MCh$ MCh MCh MCh$ MCh MCh$ MCh$ MCh$
Assets
Financial<br> assets 24,746,293 22,850,242 175,626 4,681,238 — 24,581 175,289 67,491 12,914 27,682 15,011 52,776,367
Non-Financial<br> assets 2,154,799 10,434 7,214 517,791 — — 3,452 36 — — — 2,693,726
Total<br> Assets 26,901,092 22,860,676 182,840 5,199,029 — 24,581 178,741 67,527 12,914 27,682 15,011 55,470,093
Liabilities
Financial<br> liabilities 26,542,815 11,547,875 516 6,749,933 — 7,987 192,554 339,448 265,441 14,532 904,803 46,565,904
Non-Financial<br> liabilities 2,569,447 314,963 1,650 330,391 — 77 5,683 33 13 255 132 3,222,644
Total<br> Liabilities 29,112,262 11,862,838 2,166 7,080,324 — 8,064 198,237 339,481 265,454 14,787 904,935 49,788,548
Mismatch<br> of Financial Assets and Liabilities (*) (1,796,522 ) 11,302,367 175,110 (2,068,695 ) — 16,594 (17,265 ) (271,957 ) (252,527 ) 13,150 (889,792 ) 6,210,463

All values are in US Dollars.

(*) This<br> value does not consider non-financial assets and liabilities and the notional values of derivative<br> instruments, which are disclosed at fair value.
As<br> of December 31, 2024 CLP CLF FX<br> Indexation COP CHF CNY Others TOTAL
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
MCh$ MCh$ MCh$ MCh MCh$ MCh MCh MCh$ MCh MCh$ MCh$ MCh$
Assets
Financial<br> assets 21,227,721 22,318,337 171,396 5,307,621 — 35,762 280,162 62,903 18,750 5,462 22,361 49,450,475
Non-Financial<br> assets 2,153,271 49,318 11,699 429,341 — — 1,273 — — — 64 2,644,966
Total<br> Assets 23,380,992 22,367,655 183,095 5,736,962 — 35,762 281,435 62,903 18,750 5,462 22,425 52,095,441
Liabilities
Financial<br> liabilities 25,758,304 10,716,291 176 5,624,828 — 6,837 297,367 170,907 230,051 — 845,804 43,650,565
Non-Financial<br> liabilities 2,143,825 373,949 1,252 299,241 — 26 3,375 2 34 — 171 2,821,875
Total<br> Liabilities 27,902,129 11,090,240 1,428 5,924,069 — 6,863 300,742 170,909 230,085 — 845,975 46,472,440
Mismatch<br> of Financial Assets and Liabilities (*) (4,530,583 ) 11,602,046 171,220 (317,207 ) — 28,925 (17,205 ) (108,004 ) (211,301 ) 5,462 (823,443 ) 5,799,910

All values are in US Dollars.

(*) This<br> value does not consider non-financial assets and liabilities and the notional values of derivative<br> instruments, which are disclosed at fair value. 
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47. Risk<br> Management and Report:
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(1) Introduction:

Banco de Chile seeks to maintain a risk profile that ensures the sustainable growth that is aligned with its strategic objectives, maximizing value creation and guarantee its long-term solvency. Global risk management takes into consideration the different business segments served by the Bank, being approached from a comprehensive and differentiated perspective.

Our risk management policies are established to identify and analyze the risks faced by the Bank, set appropriate risk limits, alerts and controls, monitor risks and compliance with limits and alerts in order to carry out the necessary action plans. Through its administration policies and procedures, the Bank develops a disciplined and constructive control environment. Policies as well as risk management standards, procedures and systems are regularly reviewed, and with strict adherence to compliance with the current regulatory framework.

For such purposes, the Bank has teams with extensive experience and knowledge in each area associated with risks, ensuring comprehensive and consolidated management of the same, including the Bank and its subsidiaries.

(a) Risk<br> Management Structure

Credit, Market and Operational Risk Management are at all levels of the Organization, with a Corporate Governance structure that recognizes the relevance of the different risk areas that exist.

The Bank’s Board of Directors as the maximum authority is responsible for establishing risk policies, the Risk Appetite Framework, and the guidelines for the measurement criteria and follow up of risks. Also, it approves the risk limits and contingency plans for each of the risks. Moreover, it approves the following policies: Credit risk policy, complex products and services, operational risk, business continuation, outsourcing, market risk and liquidity risk policy. Likewise, it approves the provision models, Additional Provisions Policy and pronounces annually on the sufficient provisions. Additionally, approves the policy of capital management for the monitoring, control, administration and the management of the bank´s capital. Also, it ratifies the strategies, functional structure and comprehensive management model of Operational Risk and guarantees the consistency of this model with the Bank’s strategy and proper implementation of the model in the organization. Along with this, it has approved the risk management policy of the model together with the development framework, validation and follow up of the models. Furthermore, it establishes the Subsidiary Risk Control Policy, describing the supervision scheme that the Bank applies to the relevant subsidiaries to control the risks that affect them. For its part, the Administration is responsible both for the establishment of standards and associated procedures as well as for the control and compliance with the disposed by the Board of Directors, ensuring that there is consistency between the criteria applied by the Bank and its subsidiaries, maintaining strict coordination at the corporate level and informing the Board of Directors in the defined instances.

The Bank’s Corporate Governance considers the active participation of the Board, acting directly or through different committees made up of Directors and Senior Management. It is permanently informed and becomes aware of the evolution of the different risk management areas, participating through its Finance, International and Financial Risk, Credit, Portfolio Risk Committee, Higher Committee on Operational Risk and Capital Management, in which the status of credit, market and operational risks and the Bank’s capital management are reviewed.

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In addition to the Directors’ Committees, the Bank’s Management has the Technical Committee for the Supervision of Internal Models, the Model Risk Management Committee and the Operational Risk Committee, which review specific matters.

The following sections describe the different committees of Directors and Administration mentioned.

Risk Management is developed by the Corporate Risk Division, which by having highly experienced and specialized teams, together with a solid regulatory framework, allows for optimal and effective management of the matters they address.

The Corporate Risk Division contributes to providing effective governance to the Corporation’s main risks, with a focus on optimizing the risk-return relationship, ensuring business continuity and generating a robust risk culture, identifying potential losses derived from the non-compliance of counterparties, movements in market factors or the lack of adequacy of processes, people or systems, comprehensively contributing to capital management.

Likewise, it continually manages risk knowledge from a comprehensive approach, in order to contribute to the business anticipating threats that may damage the solvency and quality of the portfolio, promoting a unique risk culture towards the Corporation through training and permanent education.

Within this Division, the Bank’s risk functions are integrated as follows, ensuring, at the same time, the correct segregation of functions and independence:

- Market<br> Risk: Is responsible for developing the function of measuring, limiting, controlling<br> and reporting market risk, along with defining valuation standards and managing the Bank’s<br> assets and liabilities. Moreover, this management is responsible for taking care of the compliance<br> of market risk management policies, liquidity management, investment in debt instruments<br> approved by the board and to communicate promptly the status of market risks in detail accordingly.
- Wholesale<br> Credit Risk Admission: is responsible for managing, resolving and controlling the approval<br> process of businesses related to the Wholesale segment portfolio, including specific sectors<br> and products for this portfolio, ensuring coherence, compliance and consistency of policies.<br> of credit risk both in the bank and in its subsidiaries.
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- Retail<br> Admission, Regulations and Risk Transformation: Responsible for defining the credit risk<br> management framework, both for reactive and proactive retail origination, within the defined<br> regulatory scope and risk appetite established by the Bank. Also, the maintenance and implementation<br> of all credit risk strategies associated with the automatic evaluation.
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Manages the regulatory body, policies, standards and procedures of credit risk, adapting the established requirements and processes, for all segments transversally in the Bank. Likewise, it carries out reviews of the quality of the credit process applied to retail banks and the continuous training of executives.

- Special<br> Asset Management: is responsible for the collection of credits from all of the Bank’s<br> customer segments, with differentiated management in accordance with institutional policies.

In addition, it is responsible for managing the sale of assets recovered by the Bank, coming from credit recovery processes.

- Risk Management Monitoring, Reporting and Control: is responsible for managing and reporting credit risk, especially through monitoring the main portfolio indicators and in-depth analysis of situations and scenarios of special attention, timely detecting problems that may affect certain products, debtors or sectors, with the aim of minimizing the risk assumed and anticipating situations that could lead to credit losses. 
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Likewise, it provides information to the different government bodies and areas involved in the decision-making process, and contributes to providing effective governance to the Corporate Risk Division projects, ensuring regulatory compliance and the correct execution of the projects. Themselves, as well as being responsible for the management control of the Corporate Risk Division.

- Risk<br> Models: is responsible for developing, maintaining and updating credit risk models, whether<br> for regulatory or management uses, in accordance with local and international regulations,<br> determining the functional specifications and the most appropriate statistical techniques<br> for the development of the required models. These models are immersed in the measurement<br> and management of model risk carried out by the Model Risk and Internal Control Management,<br> and presented to the corresponding government bodies, such as the Technical Committee for<br> the Supervision of Internal Models, the Portfolio Risk Committee or the Board of Directors,<br> as appropriate.

Additionally, this Area is responsible for managing the process of calculating provisions for credit risk, ensuring the correct execution of the processes and analysis of the results obtained.

- Model<br> Risk and Internal Control: Its purpose is to manage the risks associated with models<br> and processes, for this it is supported by the functions of model validation and monitoring,<br> model risk management, and internal control.

Conducts an independent review, evaluating the quality of the data, modeling techniques, compliance with regulatory provisions, its insertion within the institution and existing documentation. It monitors the performance of the models and monitors each stage of the life cycle of the models within its scope, with the final purpose of generating mechanisms that allow it to measure and manage the level of model risk to which the Bank is exposed.

Finally, the internal control function has the responsibility of carrying out an evaluation of the design and operational effectiveness of controls, to comply with regulatory requirements.

- Global<br> Control: Address the operational risk environment and continuity of the business. This<br> management is responsible for managing and supervising the application of policies, standards<br> and procedures in each of the areas within the Bank and Subsidiaries. In relation to the<br> area of Operational Risk, it is in charge for guaranteeing the identification and efficient<br> management of operational risks and promoting a risk culture to prevent financial losses<br> and improve the quality of processes, proposing continuous improvements to risk management,<br> aligned with regulatory requirements of Basel III and business objectives.

As part of the Global Control Management, there is the Business Continuity Management, which is responsible for managing, controlling and administering recovery strategies in the event of contingency situations, and is also responsible for maintaining the crisis governance model, sustains the continuity of services and related critical operations to the Bank’s payment chain, through a comprehensive and resilient model that includes plans and controlled tests in order to reduce the impact of disruptive events that may affect the bank. Additionally, there is the role and responsibilities of the Information Security Officer (ISO) is independent of the cybersecurity division and is in charge of designing and implementing controls and through those monitoring of realized tasks of the organizational units responsible for the information security, cybersecurity and technological risks of the bank and its subsidiaries.

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Additionally, the Bank has the Cybersecurity Division, which is responsible for defining, implementing and reporting the progress of the Strategic Cybersecurity Plan in line with the Bank’s business strategy, with one of its main focuses being to protect internal information, of its clients and collaborators.

This Division consists of the Governance and Identity Management, the Cyber Defense Management and the Technological Risk and Cyber Intelligence Management. The Cybersecurity Management and Subsidiaries Control Department is also part of the division, as a control unit. Section 5 of this Note describes the responsibilities of the indicated Managements.

Committees of Directors and Bank Administration

(i) Finance, International and Financial Risk Committee

In general terms, the objectives of this committee are to monitor and continuously review the liquidity status and, trends in the most important financial positions, as well as their associated results, and their price and liquidity risks that will be generated. Some of its specific functions include, the review of the proposal to the Board of Directors of the Risk Appetite Framework (RAF), the Financing Plan and the structure of limits and alerts for price and liquidity risks, reviewing and approving the Comprehensive Risk Measurement (CRM) for subsequent due review in the Capital Management Committee and approval by the Board of Directors, the design of policies and procedures related to the establishment of limits and alerts for price risk and liquidity risk; reviewing the evolution of financial positions and market risks; monitoring limit excesses and alert activations; ensuring adequate identification of risk factors in financial positions; ensuring that the price and liquidity risk management guidelines in the Bank’s subsidiaries are consistent with those of the latter, and that these are reflected in their own policies and procedures.

(ii) Credit Committees

The credit approval process is done mainly through various credit committees, which are composed of qualified professionals and with the sufficient attributions to take decisions required.

Each committee defines the terms and conditions under which the Bank accepts counterparty risks, and the Corporate Risk Division participate independently and autonomously of the commercial areas. They are constituted according to the commercial segments and the amounts to approve and have different meeting periodicities.

Within the risk management structure of the Bank, the maximum approval instance is the Credit Committee of Directors. Its functions are to resolve all credit transactions associated with customers and economic groups with approved lines of credit in excess of UF750,000, and to approve all credit transactions where the bank’s internal regulations require approval from this Committee, except for any special powers delegated by the board to management.

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(iii) Portfolio Risk Committee

The Portfolio Risk Committee must understand the composition, concentration and risks attached to the bank’s loan portfolio, from a global, sectoral and business unit perspective, review and approve the comprehensive risk measurement (CRM) and the Credit Risk Appetite Framework (RAF) in the area of credit risk; It must review the main debtors, their delinquency, past-due portfolio and impairment indicators, together with the write-offs and loan portfolio provisions for each segment. It must propose differentiated management strategies, as well as analyzing and agreeing on the and analyze credit policy proposals that will be approved by the board of directors. This committee also reviews and ratifies the approvals of management models and methodologies Also, this committee is responsible for reviewing and ratifying the approvals of management models and methodologies previously carried out by the Technical Committee for the Supervision of Internal Models, as well as proposing the regulatory models and methodologies for final approval by the Board of Directors.

(iv) Senior Operational Risk Committee

The Senior Operational Risk Committee makes any necessary changes to the processes, controls and information systems that support the bank’s transactions, to mitigate operational risks, and assure that areas can appropriately manage and control these risks.

This Committee has many functions dedicated to supervising appropriate operational risk management at the bank and its subsidiaries, and for implementing the policies, standards and methods associated with the bank’s comprehensive operational risk management model. It plans initiatives to develop it and publishes them throughout the bank. It promotes a culture of operational risk management within the bank and its subsidiaries; review and approve the comprehensive risk measurement regarding Operational Risk. It approves the bank’s operational risk appetite framework; ensures compliance with the current regulatory framework, in matters that are limited to Operational Risk; become aware of the main frauds, incidents, events and their root causes, impacts and corrective measures accordingly; ensure the long-term solvency of the Organization (business continuity plans, information security and cybersecurity, controls, among others), avoiding risk factors that may jeopardize the continuity of the Bank. To decide about new products and services, and to verify the consistency of the operational risk management policies, business continuation, information security and cyber security across the bank’s subsidiaries, monitors their compliance, and reviews operational risk management at subsidiaries; become aware of the level of risk to which the bank is exposed in its outsourced services, sanction the selection of the model to carry out stress tests and scenario selection methodologies and evaluate the results, among others.

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(v) Capital Management Committee

The main purpose of this committee is to assess, monitor and review capital adequacy in accordance with the principles in the bank’s capital management policy and its risk framework, to ensure that capital resources are adequately managed, the CMF’s principles are respected, and the bank’s medium-term sustainability.

(vi) Technical Committee for the Supervision of Internal Models

Among other functions, this committee must ensure compliance with the main guidelines to be used for the construction of models; analyze the adopted criteria and review and approve methodologies associated with non-regulatory models, which must be submitted to the Portfolio Risk Committee for consideration, for final ratification; In the case of regulatory models, this Committee is limited to its review, leaving approval in the hands of the Portfolio Risk Committee and subsequently the Board of Directors. He is also in charge of ensuring compliance with the model monitoring guidelines, which are also approved by the board of directors.

(vii) Model Risk Management Committee

Its main function is to establish and supervise the model risk management framework the corresponding at the institutional level. Among other matters, this committee reviews and discusses the identification and evaluation of model risk based on aggregate results, ensures the updating of the institutional inventory of institutional models and methodologies, and submits the Model Risk Management Policy to the Board of Directors for review and approval.

(viii) Operational Risk Committee

The Committee is empowered to implement the necessary changes in the processes, controls, and IT systems that support the operations of Banco de Chile, with the aim of mitigating operational risks and ensuring that the several areas properly manage and control these risks. Among the Committee’s main functions are developing a Comprehensive Operational Risk Management Model, explicitly including Information Security, Business Continuity, and Suppliers; overseeing the implementation and/or updating of the regulatory framework related to policies and statutes, development plans, and initiatives of the model, as well as its dissemination throughout the organization. Promote a culture of operational risk management at all levels of the Bank. Review the results of comprehensive risk assessments in operational risk; reviewing the Operational Risk Appetite Framework. Ensure compliance with the current regulatory framework related to operational risk. Review the Bank’s exposure to operational risk and identifying the main operational risks to which it is exposed; becoming aware of major frauds, incidents, operational events, their root causes, impacts, and corrective actions, as well as operational risk assessments; proposing, agreeing on, and/or prioritizing strategies to mitigate major operational risks; ensuring the long-term solvency of the organization (including business continuity plans, information security, controls, among others), avoiding risk factors that could jeopardize the Bank’s continuity; ensuring that Operational Risk policies are aligned with the Bank’s objectives and strategies; reaching consensus on the development of new products and services; Becoming aware of the level of risk to which the Bank is exposed in its outsourced services, among other responsibilities.

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(b) Internal<br> Audit
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The risk management processes of the entire Bank are permanently audited by the Internal Audit Area, which examines the sufficiency of the procedures and their compliance. Internal Audit discusses the results of all evaluations with the administration and reports its findings and recommendations to the Board of Directors through the Audit Committee.

(c) Measurement<br> Methodology

Regarding to Credit Risk, provision levels and portfolio expenses are the basic measures for determining the credit quality of our portfolio.

Banco de Chile permanently evaluates its loan portfolio, timely recognizing the associated level of risk of the loan portfolio. For such purpose, the Bank has guidelines for the generation of credit risk models, covering management models (reactive and proactive admission models and collection models), provision models (both under local regulations in accordance with the instructions issued by the CMF, as well as under IFRS criteria) and stress tests that are part of the Bank’s effective equity self-assessment process. The Board of Directors approves these guidelines, and the models developed.

For the purposes of covering losses in the event of customers payment default, the Bank determines the level of allowances that must be established based on the following:

- Individual<br> evaluation: mainly applies to the Bank’s portfolio of legal persons that, due to their size,<br> complexity or indebtedness, requires a more detailed level of knowledge and a case-by-case<br> analysis. Each debtor is assigned one of the 16 risk categories defined by the CMF, to establish<br> the allowances in a timely and appropriate manner. The review of the portfolio risk classifications<br> is carried out permanently considering the financial situation, payment behavior and the<br> environment of each client.
- Group<br> evaluation mainly applies to the portfolio of natural persons and smaller companies. These<br> assessments are carried out monthly through statistical models that allow estimating the<br> level of allowances necessary to cover the portfolio risk; for commercial and mortgage portfolios,<br> these results are compared with the standard models provided by the regulator, with the resulting<br> allowance being the largest between both methods. The consistency analysis of the models<br> is conducted through an independent validation of the unit that develops them and, subsequently,<br> through the analysis of retrospective tests that allow the comparison of the actual losses<br> to expected losses. In March 2024, the CMF issued the regulations that establish the Standardized<br> Methodology for computing Allowances for Consumer Loans, whose provisions became effective<br> beginning on accounting closing of January 2025.
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To validate the quality and robustness of the risk assessment processes, the Bank annually performs a test of the adequacy of allowances for the total loan portfolio, verifying that the allowances established are adequate to cover the losses that could arise from credit operations granted. The result of this analysis is presented to the Board of Directors, which provides its view on the adequacy of the allowances in each year.

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Banco de Chile establishes additional allowances with the objective of protecting itself from the risk of unpredictable economic fluctuations that may affect the macroeconomic environment or the situation of a specific economic sector. At least once a year, the amount of additional allowances to be or released is annually proposed to the Portfolio Risk Committee and subsequently to the Board of Directors for approval.

In this context, in January 2025, the Bank released additional allowances because of the impact of the regulatory implementation of the standard consumer matrix.

The monitoring and control of risks are performed mainly based on limits established by the Board of Directors. These limits reflect the Bank’s business and market strategy, as well as the level of risk that it is willing to accept, with additional emphasis on the industries selected.

The Bank develops its capital planning process on a comprehensive basis with its strategic planning, in line with the risks inherent to its activity, the economic and competitive environment, its business strategy, corporate values, as well as its governance, management and risk control. As part of the capital planning process and, in line with that required by the regulator, Risk-Weighted Assets and stress tests are obtained in the dimensions of credit, market and operational risk, as well as the Comprehensive Measurement of financial and non-financial risks.

The Bank annually reviews and updates its Risk Appetite Framework, approved by the Board of Directors, that allows the Bank to identify, evaluate, measure, mitigate and control proactively and in advance all relevant risks that could materialize in the normal course of its business. For such purpose, the Bank uses different management tools and defines an adequate structure of alerts and limits, which are part of such Framework allowing it to constantly monitor the performance of different indicators and implement timely corrective actions, in the cases those are needed. The result of these activities is part of the annual self-assessment report of effective equity approved by the Board of Directors and reported to the CMF.

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(2) Credit Risk:
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Credit risk considers the likelihood that the counterparty in the credit operation will not be able to fulfill its contractual obligation due to incapacity or financial insolvency, and this leads to a potential credit loss.

The Bank seeks an adequate risk-return relation, and an appropriate balance of the risks assumed, through a permanent credit risk management considering the processes of admission, monitoring and recovery of the loans granted. Establishes the risk management framework for the different business segments it serves, responding to regulatory demands and commercial dynamism, being part of the digital transformation and contributing from a risk perspective to the various businesses addressed, through a vision of the portfolio that allows managing, resolving and controlling the business approval and monitoring process in an efficient and proactive manner.

In the business segments, the application of additional management processes is taken into consideration, to the extent required, for those financing requests that that will have a greater exposure to environmental and/or social risks.

The Bank integrates the socio-environmental criteria in its evaluations for the granting of financing destined to the development of projects, whether national or regional and that can generate an impact of this type, where they are executed. For the financing of projects, they must have the corresponding permits, authorizations, patents and studies, according to the impact they generate. In addition, the Bank has specialized units for serving large clients, through which the financing of project development is concentrated, including those of Public Works concessions that contemplate the construction of infrastructure, mining, electrical, real estate developments that can generate an environmental impact.

During 2025, the Bank continues to identify risks associated with climate change continues, including the development of heat maps for the individual portfolio, linked to exposure to Physical and Transition Risks. Additionally, in line with the regulatory provisions set forth in General Standard NCG 519, the Bank is making progress in several areas in preparation for its upcoming effective application.

Credit policies and processes materialize in the following management principles, which are addressed with a specialized approach according to the characteristics of the different markets and segments served, recognizing the singularities of each one of them:

1. Apply<br> a rigorous evaluation in the admission process, based on established credit policies, standards<br> and procedures, together with the availability of sufficient and accurate information. Thus,<br> it corresponds to analyze the generation of flows and solvency of the client to meet their<br> payment commitments and, when the characteristics of the operation merit it, must constitute<br> adequate collateral that allow mitigating the risk incurred with the client.
2. Have<br> permanent and robust portfolio tracking processes, through procedures and systems that alert<br> both the potential indications of impairment of clients, with respect to the conditions of<br> origin, and also the possible business opportunities with those that present a better payments<br> quality and behavior.
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3. To<br>develop credit risk modeling guidelines, in regulatory aspects and management, for efficient decision-making at different stages of the<br>credit process.
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4. Have<br>a collection structure with timely, agile and effective processes that allow management to be carried out in accordance with the different<br>types of clients and the types of breaches that arise, always in strict adherence to the regulatory framework and the Bank’s reputational<br>definitions.
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5. Maintain<br>an efficient administration in work teams’ organization, tools and availability of information that allow an optimal credit risk<br>management.
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Based on these management principles, the Corporate Risk Division contributes to the business and anticipates threats that may affect the solvency and quality of the portfolio, delivering timely responses to clients, maintaining the solid fundamentals that characterize the Bank’s portfolio in its different segments. and products.

The credit risk management process consists of the stages of Admission, Monitoring and Recovery or Collection for the retail and wholesale business segments to which the Bank provides services.

(a) Admission:

In the retail segments, admission management is carried out mainly through a risk evaluation that uses scoring tools and credit attribution to approve each operation. These evaluations, for natural persons without a business line and clients in the SME segment, take into consideration the level of indebtedness, the payment capacity and the maximum acceptable exposure for the customer, through information on payment behavior, indebtedness in the financial system and business and financial information, as applicable.

Additionally, the bank has proactive admission processes for a diverse portfolio of clients. These consist of mass evaluation of clients through statistical models of eligibility and payment capacity, generating credit offers aligned with the strategies defined. This makes possible to have preapproved credit offers available through multiple channels taking into consideration the business plan and the relation between risk and return.

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While in the Wholesale segments, the management of admission is conducted through an individual analysis of the client, also the relationship with the rest of the entities, if applicable. This analysis takes into consideration among other factors the capacity to generate cash, the financial situation with emphasize on the equity solvency, the levels of exposure, variables of the industry, evaluation of the shareholders and the management, the specific aspects of the operations like the structure and term of the financing, products and guarantees. The mentioned evaluation is supported by a rating model that permits greater homogeneity in the client analysis and their group.

There are also specialized areas of segments that by their nature need the knowledge of an expert, such as real estate, construction, agriculture, finance, international, among others. These experts support the preparation of the operations having certain tools designed to meet the needs of the specific characteristics of the businesses and their respective risks.

(b) Follow<br>Up:

From granting a credit until it expires, it is necessary to have a follow up of the behavior and financial situation of the debtor with emphasis on its payment capacity, as the situation of the client and associated risk change over time. Portfolio monitoring allows the bank to act proactively if signs of overall impairment are detected or if the debtor’s ability to meet its obligations is affected.

To properly follow up, methodologies and tools for diverse segments that the bank participates, have been developed, those then permit a proper management of its credit portfolio.

In the retail segments, the control and follow up concentrate on monitoring the main indicators of the portfolio and analysis of the groups, reported in the management reports, generating relevant information for the decision making in different occasions defined. At the same time special follow ups are generated according to the relevant facts of the environment.

While in the wholesale segments, a permanent follow up is carried out through management tools at individual level taking into consideration the business segments, economic sectors. Through this process the alarms are generated that guarantee the correct and prompt recognition of the risk in the portfolio of individuals. The specific conditions established in the admission at the moment of approval like the financial covenants, coverage of certain guarantees and others, are monitored.

Additionally, in the admission area, simultaneous follow up tasks are carried out that permit the monitoring of the development of the operations from the beginning until recovering the capital, having as the objective to make sure that the portfolio´s risks are correctly and promptly identified, at the same time managing proactively the cases with higher risks.

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(c) Recovery<br>and collection:
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The Bank has specific regulations related to customer collection and normalization, which ensure the quality of the portfolio in accordance with credit policies, and the desired risk appetite framework and strict adherence to the current regulatory framework. Through collection management, the clients with temporary cash flow problems are favored, debt normalization plans are proposed for viable clients, so that it is possible to maintain the relationship in the long term once their situation is regularized. The recovery of assets at risk is maximized and the necessary collection actions are carried out, in a timely manner, to ensure the recovery of debts or reduce the potential loss.

In the retail segments, the Bank defines refinancing criteria through the establishment of predefined renegotiation guidelines to resolve the debt issues of viable clients with payment intentions, maintaining an adequate risk-return relationship, along with the incorporation of robust tools to differentiated collection management.

In the wholesale segments, when detecting clients that show signs of deterioration or non-compliance with any type or condition, the commercial area to which the client belongs, together with the Corporate Risk Division, establish action plans for their regularization. In those cases of greater complexity where specialized management is required, the Special Asset Management area, is directly in charge of collection management, establishing action plans and negotiations based on the characteristics of each customer.

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(d) Portfolio<br> Concentration:
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The maximum exposure to credit risk, by client or counterparty, without taking into account guarantees or other credit enhancements as of September 30, 2025 and December 31, 2024, does not exceed 10% of the Bank’s effective equity.

The following tables show credit risk exposure per balance sheet item, including derivatives, detailed by both geographic region and industry sector as of September 30, 2025:

Chile United States England Brazil Others Total
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Financial Assets
Cash and Due from Banks 1,305,730 626,243 13,673 9 110,042 2,055,697
Financial assets held for trading at fair value through profit or loss:
Derivative contracts financial
Forwards (*) 101,786 4,280 23,095 — 22,862 152,023
Swaps (**) 739,473 46,028 715,962 — 111,596 1,613,059
Call Options 775 — — — — 775
Put Options 405 — — — — 405
Futures — — — — — —
Subtotal 842,439 50,308 739,057 — 134,458 1,766,262
Debt Financial Instruments
From the Chilean Government and Central Bank 3,032,966 — — — — 3,032,966
Other debt financial instruments issued in Chile 164,847 — — — — 164,847
Financial debt instruments issued Abroad — — — — — —
Subtotal 3,197,813 — — — — 3,197,813
Other Financial Instruments
Investments in mutual funds 400,052 — — — — 400,052
Equity instruments 1,711 — — — — 1,711
Others 983 1,168 — — — 2,151
Subtotal 402,746 1,168 — — — 403,914
Financial Assets at fair value through other comprehensive income:
Debt Financial Instruments
From the Chilean Government and Central Bank 1,314,403 — — — — 1,314,403
Other debt financial instruments issued in Chile 1,931,268 — — — — 1,931,268
Financial debt instruments issued Abroad — 38,149 — — — 38,149
Subtotal 3,245,671 38,149 — — — 3,283,820
Derivative Financial Instruments for hedging purposes
Forwards — — — — — —
Swaps 568 17,356 47,200 — 3,933 69,057
Call Options — — — — — —
Put Options — — — — — —
Futures — — — — — —
Subtotal 568 17,356 47,200 — 3,933 69,057
Financial assets at amortized cost:
Rights by resale agreements and securities lending 106,523 — — — — 106,523
Debt Financial Instruments
From the Chilean Government and Central Bank 458,353 — — — — 458,353
Subtotal 458,353 — — — — 458,353
Loans and advances to Banks
Central Bank of Chile 1,400,000 — — — — 1,400,000
Domestic banks 300,000 — — — — 300,000
Foreign Banks (***) — 5,328 — 215,781 141,277 362,386
Subtotal 1,700,000 5,328 — 215,781 141,277 2,062,386
Loans to Customers, Net
Commercial loans 20,216,444 — — — 3,967 20,220,411
Residential mortgage loans 13,845,219 — — — — 13,845,219
Consumer loans 5,542,171 — — — — 5,542,171
Subtotal 39,603,834 — — — 3,967 39,607,801
(*) Others<br>includes France Ch$21,750 million, Switzerland Ch$1,033 and Belgium Ch$79 million.
--- ---
(**) Others<br>includes France Ch$31,969 million, Spain Ch$25,027 million and Canada Ch$54,600 million.
--- ---
(***) Others<br>includes China Ch$88,018 million, South Korea Ch$16,411, Hong Kong Ch$28,196 million and Netherlands Ch$8,652 million.
--- --- 
179
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
47. RiskManagement and Report, continued:
--- ---
**** **** Central Bank of Chile **** **** Government **** **** Retail (Individuals) **** **** Financial Services **** **** Trade **** **** Manufacturing **** **** Mining **** **** Electricity, Gas and Water **** **** Agriculture and Livestock **** **** Fishing **** **** Transportation and Telecom **** **** Construction **** **** Services **** **** Others **** **** Total ****
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Cash and Due from<br> Banks 347,126 — — 1,708,571 — — — — — — — — — — 2,055,697
Financial Assets held for trading at fair value through<br> profit or loss:
Derivative contracts Financial
Forwards — — — 141,471 1,714 2,954 154 1,082 835 22 1,878 1,140 773 — 152,023
Swaps — — — 1,526,785 910 3,308 — 18,490 15,677 770 36,180 4,958 5,981 — 1,613,059
Call Options — — — 205 336 139 — — 88 1 — 6 — — 775
Put Options — — — 97 198 104 — — — 2 — 4 — — 405
Futures — — — — — — — — — — — — — — —
Subtotal — — — 1,668,558 3,158 6,505 154 19,572 16,600 795 38,058 6,108 6,754 — 1,766,262
Debt Financial Instruments
From the Chilean Government and Central Bank 2,543,013 489,953 — — — — — — — — — — — — 3,032,966
Other debt financial instruments issued in Chile — — — 164,847 — — — — — — — — — — 164,847
Financial debt instruments issued Abroad — — — — — — — — — — — — — — —
Subtotal 2,543,013 489,953 — 164,847 — — — — — — — — — — 3,197,813
Other Financial Instruments
Investments in mutual funds — — — 400,052 — — — — — — — — — — 400,052
Equity instruments — — — 1,711 — — — — — — — — — — 1,711
Others — — — 2,151 — — — — — — — — — — 2,151
Subtotal — — — 403,914 — — — — — — — — — — 403,914
Financial Assets at fair value through Other Comprehensive<br> Income
Debt Financial Instruments
From the Chilean Government and Central Bank — 1,314,403 — — — — — — — — — — — — 1,314,403
Other debt financial instruments issued in Chile — — — 1,895,810 6,649 — — 11,618 11,922 — 5,269 — — — 1,931,268
Financial debt instruments issued Abroad — — — 38,149 — — — — — — — — — — 38,149
Subtotal — 1,314,403 — 1,933,959 6,649 — — 11,618 11,922 — 5,269 — — — 3,283,820
Derivative Financial Instruments for hedging purposes
Forwards — — — — — — — — — — — — — — —
Swaps — — — 69,057 — — — — — — — — — — 69,057
Call Options — — — — — — — — — — — — — — —
Put Options — — — — — — — — — — — — — — —
Futures — — — — — — — — — — — — — — —
Subtotal — — — 69,057 — — — — — — — — — — 69,057
Financial assets at amortized cost (*)
Rights by resale agreements — — — 106,523 — — — — — — — — — — 106,523
Debt financial instruments
From the Chilean Government and Central Bank — 458,353 — — — — — — — — — — — — 458,353
Subtotal — 458,353 — — — — — — — — — — — — 458,353
Loans and advances to Banks
Central Bank of Chile 1,400,000 — — — — — — — — — — — — — 1,400,000
Domestic banks — — — 300,000 — — — — — — — — — — 300,000
Foreign banks — — — 362,386 — — — — — — — — — — 362,386
Subtotal 1,400,000 — — 662,386 — — — — — — — — — — 2,062,386
(*) Economic<br>activity of Loans and accounts receivable from customers disclosed in Note 13 letter (g).
--- --- 
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NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
47. RiskManagement and Report, continued:
--- ---

The following tables show credit risk exposure per balance sheet item, including derivatives, detailed by both geographic region and industry sector as of December 31, 2024:

Chile United States England Brazil Others Total
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Financial Assets
Cash and Due from Banks 1,928,373 652,953 20,508 8 97,234 2,699,076
Financial assets held for trading at fair value through profit or loss:
Derivative contracts financial
Forwards (*) 161,046 4,215 30,380 — 32,029 227,670
Swaps (**) 927,824 57,428 917,837 — 167,392 2,070,481
Call Options 3,937 — 1,012 — — 4,949
Put Options 250 — 3 — — 253
Futures — — — — — —
Subtotal 1,093,057 61,643 949,232 — 199,421 2,303,353
Debt Financial Instruments
From the Chilean Government and Central Bank 1,495,457 — — — — 1,495,457
Other debt financial instruments issued in Chile 217,948 — — — — 217,948
Financial debt instruments issued Abroad — 976 — — — 976
Subtotal 1,713,405 976 — — — 1,714,381
Other Financial Instruments
Investments in mutual funds 408,121 — — — — 408,121
Equity instruments 1,039 — — — — 1,039
Others 1,930 599 — — — 2,529
Subtotal 411,090 599 — — — 411,689
Financial Assets at fair value through other comprehensive income:
Debt Financial Instruments
From the Chilean Government and Central Bank 660,777 — — — — 660,777
Other debt financial instruments issued in Chile 1,375,630 — — — — 1,375,630
Financial debt instruments issued Abroad — 51,938 — — — 51,938
Subtotal 2,036,407 51,938 — — — 2,088,345
Derivative Financial Instruments for hedging purposes
Forwards — — — — — —
Swaps — 28,599 40,794 — 4,566 73,959
Call Options — — — — — —
Put Options — — — — — —
Futures — — — — — —
Subtotal — 28,599 40,794 — 4,566 73,959
Financial assets at amortized cost:
Rights by resale agreements and securities lending 87,291 — — — — 87,291
Debt Financial Instruments
From the Chilean Government and Central Bank 944,109 — — — — 944,109
Subtotal 944,109 — — — — 944,109
Loans and advances to Banks
Central Bank of Chile — — — — — —
Domestic banks 300,042 — — — — 300,042
Foreign Banks (***) — — — 269,191 98,470 367,661
Subtotal 300,042 — — 269,191 98,470 667,703
Loans to customers, Net
Commercial loans 19,985,358 — — — 119,870 20,105,228
Residential mortgage loans 13,218,586 — — — — 13,218,586
Consumer loans 5,551,306 — — — — 5,551,306
Subtotal 38,755,250 — — — 119,870 38,875,120
(*) Others<br>includes France Ch$28,892 million and Spain Ch$2,313 million.
--- ---
(**) Others<br>includes France Ch$43,194 million, Spain Ch$31,437 million and Canada Ch$92,761 million.
--- ---
(***) Others<br>includes China Ch$32,260 million and Netherlands Ch$26,931 million.
--- --- 
181
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
47. RiskManagement and Report, continued:
--- ---
Central<br> Bank of Chile Government Retail<br> (Individuals) Financial<br> Services Trade Manufacturing Mining Electricity,<br> Gas and Water Agriculture<br> and Livestock Fishing Transportation<br> <br>and Telecom Construction Services Others Total
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Cash<br> and Due from Banks 1,036,476 — — 1,662,600 — — — — — — — — — — 2,699,076
Financial<br> Assets held for trading at fair value through profit or loss:
Derivative<br> contracts Financial
Forwards — — — 199,429 3,890 13,094 200 2,394 5,024 315 1,183 638 1,503 — 227,670
Swaps — — — 1,972,003 1,079 7,970 — 13,947 23,613 1,756 37,459 7,758 4,896 — 2,070,481
Call Options — — — 1,182 1,036 1,159 — — 1,483 — 76 — 13 — 4,949
Put Options — — — 90 137 26 — — — — — — — — 253
Futures — — — — — — — — — — — — — — —
Subtotal — — — 2,172,704 6,142 22,249 200 16,341 30,120 2,071 38,718 8,396 6,412 — 2,303,353
Debt Financial<br> Instruments
From the Chilean Government<br> and Central Bank 1,217,317 278,140 — — — — — — — — — — — — 1,495,457
Other debt financial instruments<br> issued in Chile — — — 217,948 — — — — — — — — — — 217,948
Financial<br> debt instruments issued Abroad — — — 976 — — — — — — — — — — 976
Subtotal 1,217,317 278,140 — 218,924 — — — — — — — — — — 1,714,381
Other<br> Financial Instruments
Investments in mutual funds — — — 408,121 — — — — — — — — — — 408,121
Equity instruments — — — 1,039 — — — — — — — — — — 1,039
Others — — — 2,529 — — — — — — — — — — 2,529
Subtotal — — — 411,689 — — — — — — — — — — 411,689
Financial<br> Assets at fair value through Other Comprehensive Income
Debt Financial<br> Instruments
From the Chilean Government<br> and Central Bank — 660,777 — — — — — — — — — — — — 660,777
Other debt financial instruments<br> issued in Chile — — — 1,342,558 5,202 — — 11,315 11,503 — 5,052 — — — 1,375,630
Financial<br> debt instruments issued Abroad — — — 51,938 — — — — — — — — — — 51,938
Subtotal — 660,777 — 1,394,496 5,202 — — 11,315 11,503 — 5,052 — — — 2,088,345
Derivative<br> Financial Instruments for hedging purposes
Forwards — — — — — — — — — — — — — — —
Swaps — — — 73,959 — — — — — — — — — — 73,959
Call Options — — — — — — — — — — — — — — —
Put Options — — — — — — — — — — — — — — —
Futures — — — — — — — — — — — — — — —
Subtotal — — — 73,959 — — — — — — — — — — 73,959
Financial<br> assets at amortized cost (*)
Rights<br> by resale agreements — — — 82,505 — — — — — — — — 4,786 — 87,291
Debt financial<br> instruments
From<br> the Chilean Government and Central Bank — 944,109 — — — — — — — — — — — — 944,109
Subtotal — 944,109 — — — — — — — — — — — — 944,109
Loans<br> and advances to Banks
Central Bank of Chile — — — — — — — — — — — — — — —
Domestic banks — — — 300,042 — — — — — — — — — — 300,042
Foreign<br> banks — — — 367,661 — — — — — — — — — — 367,661
Subtotal — — — 667,703 — — — — — — — — — — 667,703
(*) Economic<br>activity of Loans and accounts receivable from customers disclosed in Note 13 letter (g).
--- --- 
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NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
47. RiskManagement and Report, continued:
--- ---
(e) Collateral<br> and Other Credit Enhancements:
--- ---

The amount and type of collateral required depends on the counterparty’s credit risk assessment.

The Bank has guidelines regarding the acceptability of types of collateral and valuation parameters.

The main types of collateral obtained are:

● For<br>commercial loans: Residential and non-residential real estate, liens and inventory.
● For<br>retail loans: Mortgage loans on residential property.
--- ---

The Bank also obtains collateral from parent companies for loans granted to their subsidiaries.

Management makes sure its collateral is acceptable according to both external standards and internal policies guidelines and parameters. The Bank has approximately 255,377 collateral assets as of September 30, 2025 (248,807 in December 2024), the majority of which consist of real estate. The following table contains guarantees value:

Guarantee
September 2025 Loans Mortgages Pledges Securities Warrants Total
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Corporate Lending 15,374,540 3,832,037 140,517 565,234 2,244 4,540,032
Small Business Lending 4,845,871 3,380,472 13,682 7,071 — 3,401,225
Consumer Lending 5,542,171 367,560 454 2,142 — 370,156
Mortgage Lending 13,845,219 13,382,979 66 — — 13,383,045
Total 39,607,801 20,963,048 154,719 574,447 2,244 21,694,458
Guarantee
--- --- --- --- --- --- --- --- --- --- --- --- ---
December 2024 Loans Mortgages Pledges Securities Warrants Total
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Corporate Lending 15,278,242 3,985,392 137,504 559,132 1,345 4,683,373
Small Business Lending 4,826,986 3,465,474 14,464 10,240 — 3,490,178
Consumer Lending 5,551,306 387,195 552 2,500 — 390,247
Mortgage Lending 13,218,586 12,711,594 120 — — 12,711,714
Total 38,875,120 20,549,655 152,640 571,872 1,345 21,275,512

The Bank also uses mitigating tactics for credit risk on derivative transactions. Through date, the following mitigating tactics are used:

● Accelerating<br> transactions and net payment using market values at the date of default of one of the parties.
● Option<br> for both parties to terminate early any transactions with a counterparty at a given date,<br> using market values as of the respective date.
--- ---
Margins established with<br> time deposits by customers who have FX forwards with subsidiary Banchile Corredores de Bolsa S.A.
--- --- 
183
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
47. RiskManagement and Report, continued:
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(e) Collaterals<br> and Other Credit Enhancements, continued:
--- ---

The value of the guarantees that the Bank maintains related to the loans individually classified as impaired as of September 30, 2025 and December 31, 2024 amounted Ch$185,335 million and Ch$183,021 million, respectively.

The value guarantees related to past due loans but no impaired as of September 30, 2025 and December 31, 2024 amounted Ch$474,130 million and Ch$521,142 million respectively.

(f) Credit<br> Quality by Asset Class:

The Bank determines the credit quality of financial assets using internal credit ratings. The rating process is linked to the Bank’s approval and monitoring processes and is carried out in accordance with risk categories established by current standards. Credit quality is continuously updated based on any favorable or unfavorable developments to customers or their environments, considering aspects such as commercial and payment behavior as well as financial information.

The Bank also carries out reviews focused on companies that participate in specific economic sectors, which are affected either by macroeconomic variables or variables of the sector. In this way, it is possible to timely establish the necessary and sufficient level of provisions to cover the losses due to the eventual non-recoverability of the credits granted.

The credit quality by asset class for Consolidated Statements of Financial Position sheet items, based on the Bank’s credit rating system, is presented in Note 13 letter (d).

Below is the detail of the default but not impaired portfolio:

Past due but not impaired (*)
1 to 29 days 30 to 59 days 60 to 89 days 90 or more days
MCh$ MCh$ MCh$ MCh$
September 2025 809,332 216,224 76,024 —
December 2024 837,159 207,787 62,454 —
(*) These<br>amounts include the overdue portion and the remaining balance of loans in default.
--- ---
(g) Assets<br> Received in Lieu of Payment:
--- ---

The Bank has received assets in lieu of payment totaling Ch$27,870 million and Ch$32,929 million as of September 30, 2025 and December 31, 2024, respectively, the majority of which are properties. All of these assets are managed for sale.

184
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
47. RiskManagement and Report, continued:
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(h) Renegotiated<br> Assets:
--- ---

The loans are presented as renegotiated in the balance sheet correspond to those in which the corresponding financial commitments have been restructured and the Bank assesses the probability of recovery as sufficiently high.

The following table details the book value of loans with renegotiated terms per financial asset class:

September December
Financial Assets 2025 2024
MCh$ MCh$
Loans and advances to banks
Central Bank of Chile — —
Domestic banks — —
Foreign banks — —
Subtotal — —
Loans to customers, net
Commercial loans 490,767 484,156
Residential mortgage loans 320,522 299,599
Consumer loans 367,856 369,183
Subtotal 1,179,145 1,152,938
Total renegotiated financial assets 1,179,145 1,152,938
(i) Compliance<br> with credit limit granted to related debtors:
--- ---

Below are detailed the figures for compliance with the credit limit granted to debtors related to the ownership or management of the Bank and subsidiaries, in accordance with the Article 84 No. 2 of the General Banking Law, which establishes that in no case the total of these credits may exceed the amount of its Total or Regulatory Capital:

September <br><br>2025 December <br><br>2024
MCh$ MCh$
Total related debt 502,840 579,923
Consolidated Total or Regulatory Capital 7,042,250 6,955,292
Limit used % 7.14 % 8.34 % 
185
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
47. RiskManagement and Report, continued:
--- ---
(3) MarketRisk:
--- ---

Market Risk refers to the loss that the Bank could face due to a liquidity shortage to honor the payments, or to close financial transactions in a timely manner (Liquidity Risk), or due to adverse movements in the values of market variables (Price Risk). For its correct management, the guidelines of the Liquidity Risk Management Policy and the Market Risk Management Policy are considered, both are subject to review, at least annually, by the Market Risk Manager and approval by the Bank’s Board of Directors, at least annually.

a) Liquidity<br> Risk:

Liquidity Risk Measurement and Limits

The Bank manages the Liquidity Risk in accordance with the established on the Liquidity Risk Management Policy, managing separately for each sub-category thereof; this is for Trading Liquidity Risk and Funding Liquidity Risk.

Trading Liquidity Risk is the inability to close, at current market prices, the financial positions opened mainly from the Trading Book (which is daily valued at market prices and the value differences instantly reflected in the Income Statement). This risk is controlled by establishing limits on the positions amounts of the Trading Book in accordance with what is estimated to be closed in a short time period. Additionally, the Bank incorporates a negative impact on the Income Statement whenever it considers that the size of a certain position in the Trading Book exceeds the reasonable amount, negotiated in the secondary markets, which would allow the exposure to be offset without altering market prices.

Funding Liquidity Risk refers to the Bank’s inability to obtain sufficient cash to meet its immediate obligations. This risk is managed by a minimum amount of highly liquid assets called liquidity buffer, and establishing limits and controls of internal metrics, among which the Market Access Report (“MAR”) stands out, which estimates the amount of funding that the Bank would need from wholesale financial counterparties, for the next 30 and 90 days in each of the relevant currencies of the balance sheet, to face a cash need as a result of the operation under business as usual conditions.

186
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
47. RiskManagement and Report, continued:
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(3) MarketRisk, continued:
--- ---
(a) Liquidity<br>Risk, continued:
--- ---

The use as of September within 2025 is illustrated below (LCCY = local currency; FCCY = foreign currency):

MAR LCCY + FCCY<br> <br>BCh$ MAR FCCY<br> <br>MUS$
1 - 30 days 1 - 90 days 1 - 30 days
Maximum 2,693 4,922 Maximum 1,483
Minimum 604 2,947 Minimum (71 )
Average 1,689 4,069 Average 611

The Bank also monitors the amount of assets denominated in local currency that is funded by liabilities denominated in foreign currency, including all tenors and the cash flows generated by full delivery derivatives payments. This metric is referred to as Cross Currency Funding. The bank oversees and limits this amount to take precautions against not only Banco de Chile’s event but also against a systemic adverse environment generated by a country risk event that might trigger lack of foreign currency funding.

The use of Cross Currency Funding within the year 2025 is illustrated below:

Cross Currency Funding<br> <br>MUS$
Maximum 2,857
Minimum 604
Average 1,774

The Bank establishes thresholds that alert behaviors outside the expected ranges at a normal or prudent level of operation, in order to protect other dimensions of liquidity risk such as, for example, maturities concentration of fund providers, the diversification of sources of funds either by type of counterparty or type of product, among others.

The evolution over time of the statement of financial ratios of the Bank is monitored in order to detect structural changes in the characteristics of the balance sheet, such as those presented in the following table and whose relevant values of use during the year 2025 are shown below:

Funding Financial Counterparties / Assets Deposits/<br> <br>Loans
Maximum 39 % 65 %
Minimum 36 % 61 %
Average 37 % 63 % 
187
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
47. RiskManagement and Report, continued:
--- ---
(3) MarketRisk, continued:
--- ---
(a) Liquidity<br>Risk, continued:
--- ---

Additionally, some market index, prices and monetary decisions taken by the Central Bank of Chile are monitored to detect structural changes in market conditions that can trigger a liquidity shortage or even a financial crisis.

Furthermore, the Liquidity Risk Management Policy enforces to perform stress tests periodically which are controlled against potentially accessible action plans in each modeled scenario, according with the guidelines established in the Liquidity Contingency Plan. This process is essential in determining the liquidity risk appetite framework of the institution.

The Bank measures and controls the mismatch of cash flows under regulatory standards with the C46 index report, which represents the net cash flows expected over time because of the contractual maturity of almost all assets and liabilities. Additionally, the Commission for the Financial Market (hereinafter, “CMF”) authorized Banco de Chile, among others, to report the adjusted C46 index. This allows the Bank to report, in addition to the regular C46 index, outflow behavior assumptions of certain specific elements of the liability, such as demand deposits and time deposits. In addition, the regulator also requires some rollover assumptions for the loan portfolio.

Through the present date, the CMF establishes the following provisions for the C46 index:

Foreign Currency balance sheet items: 1-30 days, Regulatory Limit C46 index < 1 x Tier-1 Capital

The levels of use of this index during the year 2025 is illustrated below:

Adjusted C46 CCY and FCCY<br> <br>as part of Basic Capital Adjusted C46 FCCY<br> <br>as part of Basic Capital
1 - 30 days 1 - 90 days 1 - 30 days
Maximum 0.21 0.20 0.28
Minimum (0.14 ) (0.16 ) 0.08
Average 0.04 0.03 0.20
Regulatory Limit N/A N/A 1.0 
188
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47. RiskManagement and Report, continued:
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(3) MarketRisk, continued:
--- ---
(a) Liquidity<br>Risk, continued:
--- ---

The individual and consolidated term liquidity gap are presented below:

QUARTERLY STATEMENT OF INDIVIDUAL LIQUIDITY SITUATION
AS OF SEPTEMBER 30, 2025 CONTRACTUAL BASIS
Values in MCh$
CONSOLIDATED CURRENCY From 0 to 7 days From 0 to 15 days From 0 to 30 days From 0 to 90 days
Cash flow receivable (assets) and income 10,458,015 13,473,092 15,078,425 18,598,925
Cash flow payable (liabilities) and expenses 20,502,187 22,743,635 26,849,462 30,533,284
Liquidity Gap 10,044,172 9,270,543 11,771,037 11,934,359
FOREIGN CURRENCY From 0 to 7 days From 0 to 15 days From 0 to 30 days From 0 to 90 days
--- --- --- --- --- --- --- --- ---
Cash flow receivable (assets) and income 1,233,717 1,499,881 1,875,049 2,285,859
Cash flow payable (liabilities) and expenses 3,245,109 3,458,433 4,250,255 5,016,534
Liquidity Gap 2,011,392 1,958,552 2,375,206 2,730,675
Limits:
One time capital 5,570,599
AVAILABLE MARGIN (*) 3,195,393
* In<br>the limit up to 30 days, in foreign currency, the Bank has a liquidity situation of Ch$3,195,392,444,599.
--- ---
QUARTERLY STATEMENT OF INDIVIDUAL LIQUIDITY SITUATION
--- --- --- --- --- --- --- --- --- --- --- ---
AS OF SEPTEMBER 30, 2025 ADJUSTED BASIS
Values in MCh$
CONSOLIDATED CURRENCY From 0 to 7 days From 0 to 15 days From 0 to 30 days From 0 to 90 days
Cash flow receivable (assets) and income 10,038,943 12,715,161 13,626,109 15,916,663
Cash flow payable (liabilities) and expenses 10,380,266 11,121,740 13,053,304 15,239,644
Liquidity Gap 341,323 (1,593,421 ) (572,805 ) (677,019 )
FOREIGN CURRENCY From 0 to 7 days From 0 to 15 days From 0 to 30 days From 0 to 90 days
--- --- --- --- --- --- --- --- ---
Cash flow receivable (assets) and income 1,151,405 1,299,836 1,412,191 1,495,791
Cash flow payable (liabilities) and expenses 2,202,232 2,310,669 2,954,548 3,627,426
Liquidity Gap 1,050,827 1,010,833 1,542,357 2,131,635
Limits:
One time capital 5,570,599
AVAILABLE MARGIN (*) 4,028,242
* In<br>the limit up to 30 days, in foreign currency, the Bank has a liquidity situation of Ch$4,028,242,197,467.
--- --- 
189
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
47. RiskManagement and Report, continued:
--- ---
(3) MarketRisk, continued:
--- ---
(a) Liquidity<br> Risk, continued:
--- ---
QUARTERLY STATEMENT OF CONSOLIDATED LIQUIDITY SITUATION
--- --- --- --- --- --- --- --- ---
AS OF SEPTEMBER 30, 2025 CONTRACTUAL BASIS
Values in MCh$
CONSOLIDATED CURRENCY From 0 to 7 days From 0 to 15 days From 0 to 30 days From 0 to 90 days
Cash flow receivable (assets) and income 11,342,830 14,378,737 16,002,924 19,540,724
Cash flow payable (liabilities) and expenses 21,230,184 23,475,636 27,589,291 31,273,113
Liquidity Gap 9,887,354 9,096,899 11,586,367 11,732,389
FOREIGN CURRENCY From 0 to 7 days From 0 to 15 days From 0 to 30 days From 0 to 90 days
--- --- --- --- --- --- --- --- ---
Cash flow receivable (assets) and income 1,233,781 1,499,946 1,875,113 2,285,923
Cash flow payable (liabilities) and expenses 3,245,174 3,458,498 4,250,320 5,016,599
Liquidity Gap 2,011,393 1,958,552 2,375,207 2,730,676
Limits:
One time capital 5,570,599
AVAILABLE MARGIN (*) 3,195,392
* In<br>the limit up to 30 days, in foreign currency, the Bank has a liquidity situation of Ch$3.195.391.819.009.
--- ---
QUARTERLY STATEMENT OF CONSOLIDATED LIQUIDITY SITUATION
--- --- --- --- --- --- --- --- --- --- --- ---
AS OF SEPTEMBER 30, 2025 ADJUSTED BASIS
Values in MCh$
CONSOLIDATED CURRENCY From 0 to 7 days From 0 to 15 days From 0 to 30 days From 0 to 90 days
Cash flow receivable (assets) and income 10,923,758 13,620,805 14,550,608 16,858,462
Cash flow payable (liabilities) and expenses 11,108,264 11,853,741 13,793,133 15,979,473
Liquidity Gap 184,506 (1,767,064 ) (757,475 ) (878,989 )
FOREIGN CURRENCY From 0 to 7 days From 0 to 15 days From 0 to 30 days From 0 to 90 days
--- --- --- --- --- --- --- --- ---
Cash flow receivable (assets) and income 1,151,469 1,299,900 1,412,256 1,495,855
Cash flow payable (liabilities) and expenses 2,202,297 2,310,734 2,954,613 3,627,491
Liquidity Gap 1,050,828 1,010,834 1,542,357 2,131,636
Limits:
One time capital 5,570,599
AVAILABLE MARGIN (*) 4,028,242
* In<br>the limit up to 30 days, in foreign currency, the Bank has a liquidity situation of Ch$4,028,241,571,870.
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Liquid Assets Consolidated Balance Statement as of September 30, 2025, values in BCh$

Source: Financial Statements Banco de Chile as of September 30, 2025

Additionally, the regulatory entities have introduced other metrics that the Bank uses in its management, such as the Liquidity Coverage Ratio (“LCR”) and Net Stable Financing Ratio (“NSFR”), using assumptions similar to those used in the international banking. For the first, the minimum level required is 1 time (100%) of the LCR indicator, while for the second the limit requirement is 0.9 times (90%) of the NSFR indicator. The evolution of the LCR and NSFR metrics during the year 2025 are shown below:

LCR NSFR
Maximum 2.08 1.22
Minimum 1.82 1.17
Average 1.95 1.19
Regulatory Limit 1.00 0.9 (*)
(*) By<br>transitory disposition of the Central Bank of Chile, in Chapter III.B.2.1 of the Compendium of Accounting Standards for Banks, this limit<br>will gradually increase until reaching 1.0 in January 2026.
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The contractual maturity profile of the financial liabilities of Banco de Chile and its subsidiaries (consolidated basis), to September 2025 and December 2024, is as follows:

Up to 1<br> <br>month 1 to 3 months 3 to 12 months 1 to 3 <br><br>years 3 to 5 <br><br>years Over<br> <br>5 years ****<br><br>Total
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Liabilities as of September 30, 2025
Transactions in the course of payment 519,938 — — — — — 519,938
Full delivery derivative transactions 571,308 405,001 728,019 1,114,175 1,221,080 1,264,393 5,303,976
Financial liabilities at amortized cost:
Current accounts and other demand deposits 14,323,346 — — — — — 14,323,346
Saving accounts and time deposits 9,674,683 2,970,705 2,578,375 8,204 424 604 15,232,995
Obligations by repurchase agreements and securities lending 168,157 — — — — — 168,157
Borrowings from financial institutions 313,707 127,634 939,546 144,341 — — 1,525,228
Debt financial instruments issued (all currencies) 353,683 522,913 1,043,046 3,034,689 2,234,548 5,931,481 13,120,360
Other financial obligations 281,542 — — — — — 281,542
Regulatory capital financial instruments (subordinated bonds) 3,636 19,755 29,846 91,931 88,704 1,162,478 1,396,350
Total (excluding non-delivery derivative transactions) 26,210,000 4,046,008 5,318,832 4,393,340 3,544,756 8,358,956 51,871,892
Non-delivery derivative transactions 689,474 444,015 1,209,728 1,262,598 1,089,684 2,082,033 6,777,532
Up to 1<br> <br>month 1 to 3 months 3 to 12 months 1 to 3 <br><br>years 3 to 5 <br><br>years Over<br> <br>5 years ****<br><br>Total
--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Liabilities as of December 31, 2024
Transactions in the course of payment 283,605 — — — — — 283,605
Full delivery derivative transactions 728,329 328,138 972,304 1,202,183 861,833 1,490,511 5,583,298
Financial liabilities at amortized cost:
Current accounts and other demand deposits 14,263,303 — — — — — 14,263,303
Saving accounts and time deposits 9,437,781 2,670,440 2,138,233 56,593 450 562 14,304,059
Obligations by repurchase agreements and securities lending 109,280 66 527 — — — 109,873
Borrowings from financial institutions 22,207 159,438 921,822 — — — 1,103,468
Debt financial instruments issued (all currencies) 13,893 158,375 1,178,285 2,983,446 2,328,034 4,472,111 11,134,144
Other financial obligations 284,479 — — — — — 284,479
Regulatory capital financial instruments (subordinated bonds) 3,140 — 48,654 92,974 89,437 1,153,294 1,387,499
Total (excluding non-delivery derivative transactions) 25,146,017 3,316,457 5,259,826 4,335,196 3,279,754 7,116,478 48,453,728
Non-delivery derivative transactions 153,172 399,612 1,201,809 1,385,711 894,295 1,912,040 5,946,639 
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The Price Risk measurement and management processes are carried out in accordance with the established on the Market Risk Management Policy, by using internal metrics developed by the Bank, both for the Trading Book and for the Banking Book (the Banking Book includes all balance sheet items, including those in the Trading Book but in such case these are reported at an interest rate adjustment term of one day, thus not generating accrual interest rate risk). In addition, the portfolio recorded under the Fair Value Through Other Comprehensive Income (hereinafter FVTOCI) is considered, which is a sub-set of the Banking Book, which given its nature is relevant to measure it independently. In addition, the Bank reports metrics to regulatory entities according to the models defined by them.

The Bank has established internal limits for the exposures of the Trading Book. In fact, FX positions (FX delta), interest rate sensitivities generated by the derivatives and debt securities portfolios (DV01 or also referred as to rho) and the FX options volatility sensitivity (vega) are measured, reported and controlled against their limits. Limits are established on an aggregate basis but also for some specific tenor points. The use of these limits is daily monitored, controlled and reported by independent control functions to the senior management of the bank. The internal governance framework also establishes that these limits must be approved by the board and reviewed at least annually.

The Bank measures and controls the risk for the Trading Book portfolios using the Value-at-Risk (VaR). The model uses a 99% confidence level, and the most recent one-year observed rates, prices and yields data.

The use of VaR within the year 2025 is illustrated below:

Value-at-Risk<br> <br>99% one-day<br> <br>confidence level<br> <br>MCh$
Maximum 1,906
Minimum 516
Average 1,108

Additionally, the Bank performs measuring, limiting, controlling and reporting interest rate exposures and risks for the Banking Book using internally developed methodologies based on the differences in the amounts of assets and liabilities considering the interest rate repricing dates. Exposures are measured according to the Interest Rate Exposure or IRE metric and their corresponding risks using the Earnings-at-Risk or EaR metric. Within these metrics, Prepayment Risk is considered, which corresponds to the customer’s ability to pay, totally or partially, their debt before maturity. For this, a loan flow allocation model is generated with exposure to interest rate fluctuations, according to their prepayment behavior, finally reflecting a decrease in their average maturity term.

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The use of EaR within the year 2025 is illustrated below:

12-months Earnings-at-Risk<br> <br>99%<br> confidence level 3 months<br> closing period<br> <br>MCh$
Maximum 228,505
Minimum 178,673
Average 212,032

The regulatory risk measurement for the Trading Book (Market Risk Weighted Assets report or mRWA) is produced by utilizing guidelines provided by the Central Bank of Chile (hereinafter, “BCCh”) and the CMF. The referred methodologies estimate the potential loss that the bank may incur considering standardized fluctuations of the value of market factors such as FX rates, interest rates and volatilities that may adversely impact the value of FX spot positions, interest rate exposures, and volatility exposures, respectively. Interest rates changes are provided by the regulatory entity; moreover, correlation factors and very conservative term are included to explain non-parallel changes in the yield curve.

The risk measurement for the Banking Book, according to regulatory guidelines (RMLB report by its Spanish initials), because of interest rate fluctuations is carried out through the use of standardized methodologies provided by regulatory entities (BCCh and CMF). The report includes models for reporting interest rate gaps and how their value varies, according to rate fluctuations that are defined by the scenarios provided by the regulations. In addition to this, the regulatory entity has requested banks to establish internal limits, separately for short-term and long-term balances, NII and EVE respectively, for these regulatory measurements.

The results effectively realized during the month for trading activities are controlled against defined loss levels and if these levels are exceeded, senior management is notified to evaluate potential corrective actions.

Finally, the Market Risk Management Policy of Banco de Chile enforces to perform daily stress tests for the Trading Book and monthly for the Banking Book. Additionally, the stress test for the FVTOCI portfolio is included, which is reported daily. The output of the stress testing process is monitored against corresponding alert levels; in the case those triggers are breached, the senior management is notified to implement further actions, if necessary. Additionally, these book tests are a fundamental part of establishing the Bank’s price risk appetite framework.

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Up to 1<br> <br>month 1 to 3 <br><br>months 3 to 12 months 1 to 3 <br><br>years 3 to 5 years Over<br> <br>5 years ****<br><br>Total
--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Assets as of September 30, 2025
Cash and due from banks 2,030,260 — — — — — 2,030,260
Transactions in the course of collection 580,213 — — — — — 580,213
Financial assets at fair value through other comprehensive income:
Debt financial instruments 361,863 359,180 1,341,942 901,055 207,021 112,765 3,283,826
Derivative financial instruments for hedging purposes 181,474 63,213 34,357 450,315 474,620 1,018,774 2,222,753
Financial assets at amortized cost:
Rights by resale agreements and securities lending 18,164 — — — — — 18,164
Debt financial instruments 1,203 — 20,758 26,600 457,561 — 506,122
Loans and advances to Banks 1,829,399 12,529 227,202 — — — 2,069,130
Loans to customers, net 5,336,728 3,233,764 7,881,451 9,120,745 5,884,870 15,717,340 47,174,898
Total Assets 10,339,304 3,668,686 9,505,710 10,498,715 7,024,072 16,848,879 57,885,366
Up to 1<br> <br>month 1 to 3 <br><br>months 3 to 12 months 1 to 3 <br><br>years 3 to 5 <br><br>years Over<br> <br>5 years ****<br><br>Total
--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Assets as of December 31, 2024
Cash and due from banks 2,677,676 — — — — — 2,677,676
Transactions in the course of collection 382,677 — — — — — 382,677
Financial assets at fair value through other comprehensive income:
Debt financial instruments 143,990 272,612 867,605 490,101 217,174 96,808 2,088,290
Derivative financial instruments for hedging purposes 747 8,544 311,890 442,555 337,594 893,516 1,994,846
Financial assets at amortized cost:
Rights by resale agreements and securities lending — — — — — — —
Debt financial instruments — 25,951 11,478 500,385 159,001 306,586 1,003,401
Loans and advances to Banks 398,595 58,098 216,769 — — — 673,462
Loans to customers, net 5,417,405 3,126,005 8,684,037 8,875,282 5,369,386 15,070,223 46,542,338
Total Assets 9,021,090 3,491,210 10,091,779 10,308,323 6,083,155 16,367,133 55,362,690 
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Up to 1<br> <br>month 1 to 3 <br><br>months 3 to 12 months 1 to 3 <br><br>years 3 to 5 <br><br>years Over<br> <br>5 years ****<br><br>Total
--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Liabilities as of September 30, 2025
Transactions in the course of payment 509,400 — — — — — 509,400
Derivative Financial Instruments for hedging purposes 187,881 60,686 22,779 389,292 499,691 1,289,975 2,450,304
Financial liabilities at amortized cost:
Current accounts and other demand deposits 14,809,258 — — — — — 14,809,258
Saving accounts and time deposits 9,674,683 2,970,705 2,578,375 8,204 424 604 15,232,995
Obligations by repurchase agreements and securities lending 15,519 — — — — — 15,519
Borrowings from financial institutions 296,862 127,634 956,090 144,341 — — 1,524,927
Debt financial instruments issued (*) 353,683 522,913 1,043,046 3,034,689 2,234,548 5,931,481 13,120,360
Other financial obligation 281,542 — — — — — 281,542
Regulatory capital financial instruments (subordinated bonds) 3,636 19,755 29,846 91,931 88,704 1,162,478 1,396,350
Total liabilities 26,132,464 3,701,693 4,630,136 3,668,457 2,823,367 8,384,538 49,340,655
Up to 1<br> <br>month 1 to 3 <br><br>months 3 to 12 months 1 to 3 <br><br>years 3 to 5 <br><br>years Over<br> <br>5 years ****<br><br>Total
--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Liabilities as of December 31, 2024
Transactions in the course of payment 297,983 — — — — — 297,983
Derivative Financial Instruments for hedging purposes 1,588 2,755 303,336 381,790 343,096 1,133,338 2,165,903
Financial liabilities at amortized cost:
Current accounts and other demand deposits 14,287,507 — — — — — 14,287,507
Saving accounts and time deposits 9,437,781 2,670,440 2,138,233 56,593 450 562 14,304,059
Obligations by repurchase agreements and securities lending 9,984 — — — — — 9,984
Borrowings from financial institutions 21,222 159,438 921,822 — — — 1,102,482
Debt financial instruments issued (*) 13,893 158,375 1,178,285 2,983,446 2,328,034 4,472,111 11,134,144
Other financial obligation 284,479 — — — — — 284,479
Regulatory capital financial instruments (subordinated bonds) 3,140 — 48,654 92,974 89,437 1,153,294 1,387,499
Total liabilities 24,357,577 2,991,008 4,590,330 3,514,803 2,761,017 6,759,305 44,974,040
(*) Amounts<br>shown here are different from those reported in the liabilities report, which is part of the liquidity analysis, due to differences in<br>the treatment of mortgage bonds issued by the Bank in both reports.
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Price Risk Sensitivity Analysis

The Bank uses stress tests as the main sensitivity analysis tool for Price Risk. The analysis is implemented for the Trading Book, Banking Book and the FVTOCI portfolio separately. The Bank has adopted this tool as it is considered more useful than fluctuations in business as usual scenario, such as VaR or EaR, given that:

(i) The<br> financial crisis shows market factors fluctuations that are materially larger than those<br> used in the VaR with 99% of confidence level or EaR with 99% of confidence level.
(ii) The<br> financial crisis also shows that correlations between these fluctuations are materially different<br> from those used in the VaR computation, since a crisis precisely indicates severe disconnections<br> between the behaviors of market factors fluctuations respect to the patterns observed under<br> normal conditions.
--- ---
(iii) Trading<br> liquidity dramatically diminishes during financial distress and especially in emerging markets.<br> Therefore, the overnight VaR number might not be representative of the loss for trading portfolios<br> in such environment since closing exposures period may exceed one business day. This may<br> also happen when calculating EaR, even considering three months as the closing period.
--- ---

The impacts are determined by mathematical simulations of fluctuations in the values of market factors, and, estimating the changes of the economic and /or accounting value of the financial positions.

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To comply with IFRS 9, the following exercise was included illustrating an estimation of the impact of extreme but reasonable fluctuations of interest rates, swaps yields, FX rates and exchange volatility, which are used for valuing Trading Book, Banking Book and the FVTOCI portfolio. Given that the Bank’s portfolio includes positions denominated in nominal and real interest rates, these fluctuations must be aligned with extreme but realistic Chilean inflation changes forecasts.

For the Trading Book, the exercise is implemented by multiplying the sensitivities by the fluctuations obtained as the results of mathematical simulations over a two-week time horizon and using the maximum historical volatility, within a significant period of time, in each of the market factor present. In the case of the FVTOCI portfolio a four-week time horizon is used due to liquidity constrains; Banking Book impacts are estimated by multiplying cumulative gaps by forward interest rates fluctuations modeled over a three-month time horizon and using the maximum historical volatility of interest fluctuations but limited by maximum fluctuations and / or levels observed within a significant period of time. It is relevant to note that the methodology might ignore some portion of the interest rates convexity, since it is not captured properly when large fluctuations are modeled. In any case, given the magnitude of the changes, the methodology may be reasonable enough for the purposes and scope of the analysis.

The following table illustrates the fluctuations resulting from the main market factors in the maximum stress test exercise, or more adverse, for the Trading Book.

The directions or signs of these fluctuations are those that correspond to those that generate the most adverse impact at the aggregate level.

Average Fluctuations of Market Factors for Maximum Stress Scenario Trading Book
**** **** CLP Derivatives (bps) **** **** CLP Bonds (bps) **** **** CLF Derivatives (bps) **** **** CLF Bonds (bps) **** **** Offshore SOFR Derivatives (bps) **** **** Spread On/Off Derivatives (bps) ****
Less than 1 year (4 ) 62 123 (52 ) 1 (126 )
Greater than 1 year (16 ) 123 (34 ) 100 2 (29 )

All values are in US Dollars.

bps = basis points.

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The worst impact on the Bank’s Trading Book as of September 30, 2025, as a result of the simulation process described above, is as follows:

Most Adverse Stress Scenario P&L Impact<br> Trading Book<br> (MCh$)
CLP Interest Rate (13,417 )
Derivatives 1
Debt instruments (13,418 )
CLF Interest Rate (9,073 )
Derivatives (2,693 )
Debt instruments (6,380 )
Interest rate USD offshore (34 )
Domestic/offshore interest rate spread USD (4,324 )
Total Interest rates (26,848 )
Banking spread —
Total FX and FX Options (35 )
Total (26,883 )

The modeled scenario would generate losses in the Trading Book for Ch$26,883 million. In any case, such fluctuations would not result in material losses compared to Basic Capital or to the P&L estimate for the next 12-months.

The impact on the Banking Book as of September 30, 2025, which does not necessarily mean a net loss (gain) but a lower (higher) net income from funds generation (resulting in the generation of the net interest rate), is shown below:

Most Adverse Stress Scenario 12-Month Revenue<br><br><br><br>Banking Book<br><br><br><br>(MCh$)
Impact by Base Interest Rate shocks (290,523 )
Impact due to Spread Shocks (12,312 )
Higher / (Lower) Net revenues (302,835 ) 
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The impact on the FVTOCI portfolio it is show in the following tables. First are the main fluctuation in the market factors, due to the scenarios provided for the stress test meltdown (more adverse), for this portfolio.

The sign of the fluctuations below, correspond to the ones that generate the most adverse impact.

AverageFluctuations of Market Factors for Maximum StressScenario FVTOCI Portfolio
**** **** CLP Bonds (bps) **** **** CLF Bonds (bps) **** **** Offshore<br> SOFR<br> Derivatives (bps) **** **** Spread SOFR/CAM<br> Derivatives (bps) ****
Less than 1 year 189 837 2 80
Greater than 1 year 126 305 8 28

All values are in US Dollars.

bps = basis points

The worst impact on the Bank’s FVTOCI portfolio as of September 30, 2025, because of the simulation process described above, is as follows:

Most Adverse Stress Scenario P&L Impact<br><br><br><br>FVTOCI portfolio<br><br><br><br>(MCh$)
CLP Debt Instrument (43,364 )
CLF Debt Instrument (79,867 )
Interest rate US SOFR (2 )
Banking spread (6,776 )
Corporative spread (1,671 )
Total (131,680 )

The modeled for the FVTOCI Portfolio would generate potential impacts on equity accounts for Ch$131,680 million.

The main negative impact on the Trading Book would occur because of an increase in rates on debt instruments in CLP and CLF over 1 year, while in the case of the FVTOCI portfolio the main impact comes from upward fluctuations in interest rates of debt instruments in CLP and CLF greater than 1 year. For its part, the lowest potential income in the next 12 months in the Banking Book would occur in a scenario of a sharp inflation rates and a limited fall in nominal interest rates.

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(4) OtherInformation related to Financial Risks:
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Offsetting of financial assets and liabilities:

The Bank trades financial derivatives with foreign counterparties using ISDA Master Agreement (International Swaps and Derivatives Association, Inc.), under legal jurisdiction of the City of New York – USA or London – United Kingdom. Legal framework in these jurisdictions, along with documentation mentioned, it allows Banco de Chile the right to anticipate the maturity of the transaction and then, offset the net value of those transactions in case of default of counterparty. Additionally, the Bank has negotiated with these counterparties an additional annex (CSA Credit Support Annex), that includes other credit mitigating, such as entering margins on a certain amount of net value of transactions, early termination (optional or mandatory) of transactions at certain dates in the future, coupon adjustment of transaction in exchange for payment of the debtor counterpart over a certain threshold amount, etc.

Below are detail the contracts susceptible to offset:

Fair Value Negative Fair Value of contracts with right to offset Positive Fair Value of contracts with right to offset Financial Collateral Net Fair Value
September December September December September December September December September December
2025 2024 2025 2024 2025 2024 2025 2024 2025 2024
MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Derivative financial assets 1,835,319 2,377,312 (818,465 ) (817,430 ) (668,129 ) (1,103,430 ) (162,378 ) (169,344 ) 186,347 287,108
Derivative financial liabilities 2,096,765 2,585,846 (818,465 ) (817,430 ) (668,129 ) (1,103,430 ) (378,814 ) (334,897 ) 231,357 330,089 
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(4) Operational risk:
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One of the Bank’s objectives is to monitor, control and maintain at adequate levels, the risk of losses resulting from a lack of adequacy or a failure of processes, personnel and/or internal systems, or due to external events. This definition includes legal risk and excludes strategic and reputational risk.

Operational risk is inherent to all activities, products, and systems, and is transversal to the entire organization, encompassing its strategic, business, and support processes. All Bank collaborators are responsible, within their respective areas of responsibility, for managing and controlling the operational risk inherent in their activities, as its materialization can generate direct or indirect financial losses.

To face this risk, the Bank has defined a Regulatory Framework and a governance structure according to the volume and complexity of its activities. The Corporate Risk Division administer the management of this risk, through the establishment of a Global Control Management. Likewise, the “Superior Committee for Operational Risk” and the “Committee for Operational Risk” supervise it.

The Operational Risk Policy defines a comprehensive management model based on four main processes that ensure an adequate control environment in the organization.

These processes are implemented in the different areas of Operational Risk action, using various management and control tools.

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The aforementioned processes correspond to:

1. Identification and Evaluation: At Banco de Chile, this process considers internal and external factors, which allows us to better understand operational risk, and thus allocate resources and define strategies efficiently and effectively.

The Bank promotes the use of methodologies and procedures with the objective of guaranteeing an adequate identification and evaluation of these risks, both inherent and residual. These are executed with a frequency that allows knowing the operational risks in a timely manner.

2. Control and Mitigation: Determination of acceptable risk levels and mitigation actions to be applied in case of deviation from these levels. This process aims to maintain risk at adequate levels.

Banco de Chile will execute a set of control and mitigation tools in the different areas of management, which will make it possible to alert deviations in exposure to operational risk, where mitigation measures will be evaluated to solve them.

3. Monitoring and Reporting: This process aims to guarantee the monitoring of the main risks and inform the different interested parties.

At Banco de Chile, monitoring and reporting will consider information related to the different areas of management. If necessary, the results of the monitoring activities will be included in the relevant government instances.

4. Operational Risk Culture: The Global Control Management plans operational risk culture programs, aimed at raising awareness and training Bank employees in risk identification, control effectiveness, and event detection in their normal operating activities, so that each collaborator contributes to reduce the occurrence of risk events and mitigate their impact on the business.

Additionally, the comprehensive management of Operational Risk considers the following areas:

− Fraud<br> Management
− Process<br> Assessment
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− Testing<br> of Controls
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− Event<br> Management
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− Loss<br> Base Management
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− Profile<br> and Risk Appetite Framework
--- ---
− Execution<br> of Stress Test Models for Operational Risk
--- ---
− Supplier<br> Management
--- ---
− Management<br> Self-Assessment Matrix
--- ---
− Operational<br> Risk Assessment for Projects
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− Subsidiary<br> Control
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All areas mentioned above, together with the corresponding Regulatory Framework and governance structure, perform the overall management of Operational Risk. In this way, Banco de Chile and its Subsidiaries ensure an adequate environment for the management of operational risk.

Below is the exposure to net loss, gross loss and recoveries due to operational risk events as of September 30, 2025 and 2024:

September<br> 2025 September<br> 2024
Lost<br> <br>gross Recoveries Lost<br> <br>net Lost<br> <br>gross Recoveries Lost<br> <br>net
Category MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Internal<br> fraud 85 (1 ) 84 54 — 54
External<br> fraud 19,693 (10,200 ) 9,493 18,458 (10,110 ) 8,348
Work<br> practices and safety in the business position 1,162 — 1,162 1,032 (1 ) 1,031
Customers,<br> products and business practices 331 — 331 543 — 543
Damage<br> to physical assets 458 (14 ) 444 792 (152 ) 640
Business<br> interruption and system failures 370 (5 ) 365 2,061 (1,416 ) 645
Execution,<br> delivery and process management 1,397 (124 ) 1,273 2,564 (20 ) 2,544
Total 23,496 (10,344 ) 13,152 25,504 (11,699 ) 13,805

Cybersecurity

The Cybersecurity Engineering and Architecture Management is responsible for establishing and improving identity and access management, protecting data, ensuring regulatory compliance, and optimizing access controls through IAM technologies and cross-functional collaboration. The Technological Risk and Cyber Intelligence management is tasked with protecting and monitoring information assets, containing and eradicating threats, and managing cybersecurity incidents proactively and promptly in accordance with the threat landscape.

On the other hand, the Technology Risk and Cyber Intelligence Management aims to ensure the security and integration of technology, information security, and cybersecurity risks, preventing cybersecurity-related attacks. This management handles cyber intelligence requirements to support strategic decision-making and strengthen security and resilience against threats.

Finally, the Cybersecurity Management and Subsidiary Control is responsible for managing the cybersecurity strategy, processes, policies, and procedures through a comprehensive approach, supporting risk management as well as cybersecurity projects and budgeting.

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NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
47. RiskManagement and Report, continued:
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To ensure compliance with objectives related to customer service delivery, the bank has a Business Continuity Management, which, through its Policy and Standard, establishes guidelines to manage, control, and administer recovery strategies in contingency situations. It maintains the crisis governance model and ensures the continuity of critical services and operations related to the payment chain through a resilient, comprehensive model that includes plans and controlled tests to reduce the impact of disruptive events that may affect the bank. Additionally, the role and responsibilities of the Information Security Officer (ISO) are defined, operating independently from the Cybersecurity Division. The ISO’s function is to design and implement controls by monitoring the tasks performed by the organizational units responsible for information security, cybersecurity, and technology risk within the Bank and its subsidiaries.

That is why Business Continuity has methodologies and controls that contribute to the application of the comprehensive model within the corporation, mainly represented in the following management areas:

− Document Management: It consists of carrying out methodological processes of updating the documentation<br> that supports Business Continuity in operational and technological areas, with the aim of<br> keeping the strategy implemented in the Bank up to date and in accordance with the guidelines<br> of Business Continuity Management (BCM).
− Business Continuity Tests: It refers to annually scheduled contingency simulations that address<br> the 5 risk scenarios defined for the Bank (Failure in Technology Infrastructure, Failure<br> in Physical Infrastructure, Massive Absence of Personnel, Failure in Critical Supplier Service<br> and Cybersecurity), allowing to maintain constant training and integration of critical personnel<br> operating the payment chain, under the defined contingency procedures that support the Bank’s<br> critical products and services.
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− Crisis Management: Internal process of the Bank that maintains and trains the key executive<br> roles associated with the Crisis Groups in conjunction with the main recovery strategies<br> and structures defined in the BCM model. In this way, it constantly strengthens the different<br> areas necessary for preparation, execution and monitoring, that will allow facing crisis<br> events in the Bank.
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− Critical Supplier Management: This involves the management, control and testing of Business Continuity<br> Plans implemented by the suppliers involved in the processing of critical products and services<br> for the Bank, associated with the risk scenarios established in direct relation to the contracted<br> service.
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NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
47. RiskManagement and Report, continued:
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BusinessContinuity, continued:

− Alternative Site Management: It includes the continuous management and control of secondary physical<br> locations for the Bank’s critical units, to keep the operation active in case of failure<br> in the main work location. The objective is to protect and maintain the technological and<br> operational functionalities of the alternative sites, to reduce recovery times in case of<br> crisis and that activation is effective when its use is required.
− Relations with subsidiaries and External Entities: It consists of the permanent control, management<br> and leveling on the compliance of Subsidiaries under the methodology and strategic lines<br> established by the Bank in crisis environments and Business Continuity Management. It also<br> includes the global management with the requirements of internal and external regulators.
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− Continuous Improvement: considers the application of processes, automation and the adaptation of<br> resources used in the internal processes of the Business Continuity Model, with the objective<br> of improving response in the delivery and analysis of information in contingencies, complementing<br> the managed processes of the BCM.
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− Training:<br> It includes the development and implementation of processes and instances prepared under<br> different learning methodologies to strengthen and empower employees on the areas of the<br> Business Continuity Model.
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− Cybersecurity Control: Design and implement independent controls by monitoring the tasks carried out<br> by the organizational units responsible for the Bank’s information security, cybersecurity<br> and technological risk.
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The management and unification of the described areas, together with the compliance of the implemented regulations and the structured governability, constitute the Business Continuity Model of the Bank of Chile.

206
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
48. Information<br>on Regulatory Capital and Capital Adequacy Ratios:
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Requirementsand Capital Management:

The main objectives of the Bank’s capital management are to ensure the adequacy and quality of its capital, at a consolidated level, based on the adequate management of the risks it faces in its operations, establishing sufficient capital levels, through the definition of internal objectives, that supports both the business strategy in both normal and stress scenarios in the short and medium term, thus ensuring compliance with regulatory requirements, coverage of its material risks, a solid credit classification and the generation of adequate capital clearances. During 2025, the Bank has met the required capital requirements and its internal sufficiency objectives.

As part of its Capital Management Policy, the Bank has established capital sufficiency alerts and limits approved by the Board of Directors, which are monitored by the governance structures that the Bank has established for these purposes, including the Capital Management Committee. During 2025, none of the internal alerts defined by the Bank were activated as part of the Capital Risk Appetite Framework. In this sense, the Bank manages capital based on its strategic objectives, its risk profile and its ability to generate cash flows, as well as the economic and business context in which it operates. If it requires strengthening its capital structure, the Bank may, among other options, propose to its shareholders meeting modifications to the dividend payment ratio, as well as issue basic capital, additional tier 1 capital or tier 2 capital instruments.

CapitalRequirements

In accordance with the General Banking Law, the effective equity of a bank may not be less than 8% of its risk-weighted assets (RWA), net of required provisions. Additionally, it establishes that the Basic Capital may not be less than 4.5% of its APR or 3% of its total assets, net of required provisions. Regarding Tier 1 capital, corresponding to the sum of Basic Capital and Additional Tier 1 Capital, the latter in the form of bonds with no maturity date and preferred shares, it is established that it may not be less than 6% of their RWAs, net of required provisions. Likewise, banking entities must comply, as established by current regulations or regulators, with buffers and capital charges, such as the conservation buffer, the countercyclical buffer and capital charges by the systemically important buffer and/or Pillar 2.

On May, 2023, the Central Bank reported that its board agreed to activate the counter-cyclical core capital buffer for banks, at a local banking industry level, equivalent to 0.5% of the risk-weighted assets of banking institutions, effective beginning in May 2024. In the monetary policy meeting of November 2024, the Central Bank agreed to maintain the same level of 0.5% requirement for the capital buffer.

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NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
48. Informationon Regulatory Capital and Capital Adequacy Ratios, continued:
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On January 16, 2024, the Financial Market Commission (CMF) reported that, as a result of the supervision process, it resolved to apply additional capital requirements of Pillar 2 of 0.5% for Banco de Chile within an implementation period of four years. This charge must be constituted in a ratio of 25% no later than June 30, 2024. Likewise, this requirement must be recognized at least 56.3% with basic capital in proportion to the minimum legal requirements. On January 17, 2025 the CMF communicated that, as a result of the supervisory process, it decided to maintain the additional capital requirement for Pillar 2 in effect for Banco de Chile as of that date, equivalent to 0.13% of the APR, which was fully constituted in June 2025.

On April 1, 2025, the CMF reported the result of the annual review of the systemic importance rating for local banks, maintaining an additional basic capital charge of 1.25% of the APR for Banco de Chile, payable as of December 1, 2025 in accordance with the phase-in implementation defined by the regulations, equivalent to 100% of such percentage.

It should be noted that the Basel III banking solvency standards still consider a series of transitory regulations. These measures include: i) the gradual adoption of requirements for systemic banks, ii) the gradual application of adjustments to regulatory capital, iii) gradualness to continue recognizing subordinated bonds issued by banking subsidiaries as effective equity, among other matters. It is important to mention that on December 1, 2024 the gradual adaption of the conservation buffer, reaching 2.5% of risk-weighted assets, which is fully constituted by Banco de Chile.

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NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
48. Informationon Regulatory Capital and Capital Adequacy Ratios, continued:
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Information on regulatory capital and capital adequacy indicators is presented below:

**** Total assets, risk-weighted assets and components of the effective equity according to Basel III **** **** Local and Overall consolidated September 30, 2025 **** **** Local and Overall consolidated December 31, 2024 ****
Item No. **** Item description **** Note **** MCh$ **** **** MCh$ ****
1 Total assets according to the statement of financial position 55,470,093 52,095,441
2 Non-consolidated investment in subsidiaries a — —
3 Assets discounted from regulatory capital, other than item 2 b 2,010,395 2,544,175
4 Derivative credit equivalents c 1,065,447 1,056,941
5 Contingent loans d 3,098,732 3,104,187
6 Assets generated by the intermediation of financial instruments e — —
7 = (1-2-3+4+5-6) Total assets for regulatory purposes 57,623,877 53,712,394
8.a Credit risk weighted assets, estimated according to the standard methodology (CRWA) f 33,391,734 32,704,910
8.b Credit risk weighted assets, estimated according to internal methodologies (CRWA) f — —
9 Market risk weighted assets (MRWA) h 1,629,656 1,309,590
10 Operational risk weighted assets (ORWA) g 4,178,268 4,339,979
11.a = (8.a/8.b+9+10) Risk-weighted assets (RWA) 39,199,658 38,354,479
11.b = (8.a/8.b+9+10) Risk-weighted assets, after application of the output floor (RWA) 39,199,658 38,354,479
12 Owner’s equity 5,681,544 5,622,999
13 Non-controlling interest i 1 2
14 Goodwill j — —
15 Excess minority investments k — —
16 = (12+13-14-15) Core Tier 1 Capital (CET1) 5,681,545 5,623,001
17 Additional deductions to core tier 1 capital, other than item 2 l 110,946 111,087
18 = (16-17-2) Core Tier 1 Capital (CET1) 5,570,599 5,511,914
19 Voluntary provisions (additional) imputed as additional Tier 1 capital (AT1) m — —
20 Subordinated bonds imputed as additional tier 1 capital (AT1) m — —
21 Preferred shares allocated to additional tier 1 capital (AT1) — —
22 Bonds without a fixed term of maturity imputed to additional tier 1 capital (AT1) — —
23 Discounts applied to AT1 l — —
24 = (19+20+21+22-23) Additional Tier 1 Capital (AT1) — —
25 = (18+24) Tier 1 Capital 5,570,599 5,511,914
26 Voluntary provisions (additional) imputed as Tier 2 capital (T2) n 417,397 408,811
27 Subordinated bonds imputed as Tier 2 capital (T2) n 1,054,254 1,034,567
28 = (26+27) Equivalent tier 2 capital (T2) 1,471,651 1,443,378
29 Discounts applied to T2 l — —
30 = (28-29) Tier 2 capital (T2) 1,471,651 1,443,378
31 = (25+30) Effective equity 7,042,250 6,955,292
32 Additional basic capital required for the constitution of the conservation buffer o 979,992 958,862
33 Additional basic capital required to set up the countercyclical buffer p 195,998 191,772
34 Additional basic capital required for banks qualified as systemic q 367,497 359,573
35 Additional capital required for the evaluation of the adequacy of effective equity (Pillar 2) r 38,220 47,943
a) Corresponds<br> the value of the investment in subsidiaries that are not consolidated. Applies only in the<br> local consolidation when the bank has foreign subsidiaries, subtracting totally its value<br> in assets and CET1.
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NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
48. Informationon Regulatory Capital and Capital Adequacy Ratios, continued:
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b) Corresponds<br> the value of the asset items that are subtracted from the regulatory capital, in accordance<br> with the paragraph(a) of title N°3 of chapter 21-30 of the RAN.
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c) Corresponds<br> the credit equivalents of the derivative instruments, in accordance with the paragraph (b)<br> of title N°3 of chapter 21-30 of the RAN.
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d) Corresponds<br> the contingent exposure according to the paragraph c) of the title N°3 of chapter 21-30<br> of the RAN.
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e) Corresponds<br> the intermediation of financial instrument assets in the name of the bank on behalf of third<br> parties that are consolidated as established in the paragraph d) of the title N°3 of<br> chapter 21-30 of the RAN.
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f) Corresponds<br> the estimated credit risk weighted assets according to the chapter 21-6 of RAN. If the bank<br> does not have the authorization to apply internal methodologies, needs to inform the field<br> 8.b as zero.
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g) Corresponds<br> the estimated market risk weighted assets according to the chapter 21-7 of the RAN.
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h) Corresponds<br> the estimated operational risk weighted assets according to the chapter 21-8 of the RAN.
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i) Corresponds<br> to the non-controlling interest, depending on the level of consolidation, up to 20% of the<br> owners’ assets.
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j) Assets<br> that correspond to goodwill.
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k) Corresponds<br> to the balances of investment assets in non-business support companies that do not participate<br> in the consolidation, above 5% of the owners’ equity.
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l) In<br> the case of CET1 and T2, banks must estimate the equivalent value for each tier of capital,<br> as well as that obtained by fully applying Chapter 21-1 of the RAN. Then, the difference<br> between the equivalent value and the fully applied value must be weighted by the discount<br> factor in force on the reporting date according to the transitional provisions of Chapter<br> 21-1 of the RAN and reported in this row. In the case of the AT1, the discounts apply directly<br> if they exist
--- ---
m) Provisions<br> and subordinated bonds allocated to additional capital tier 1 (AT1), as established in Chapter<br> 21-2 of the RAN.
--- ---
n) Provisions<br> and subordinated bonds attributed to the equivalent definition of tier 2 capital (T2), as<br> established in Chapter 21-1 of the RAN.
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o) Corresponds<br> to the additional basic capital (CET1) for the constitution of the conservation buffer, as<br> established in Chapter 21-12 of the RAN.
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p) Corresponds<br> to the additional basic capital (CET1) for the constitution of the counter-cyclical buffer,<br> as established in Chapter 21-12 of the RAN.
--- ---
q) Corresponds<br> to the additional basic capital (CET1) for banks qualified as systemic, as established in<br> Chapter 21-11 of the RAN.
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r) Corresponds<br> to the additional capital for the evaluation of the sufficiency of the effective equity (Pillar<br> 2) of the bank, as established in Chapter 21-13 of the RAN.
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NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
48. Information on Regulatory Capital and Capital Adequacy Ratios, continued:
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**** Capital Adequacy Ratios and Regulatory Compliance according to Basel III **** **** Local and Overall consolidated September 30, 2025 **** **** Local and Overall consolidated December 31, 2024 ****
--- --- --- --- --- --- --- --- --- --- --- --- ---
No. Item **** Item description (*) **** Note **** % **** **** % ****
1 Leverage Ratio (T1 I18/T1 I7) 9.67 % 10.26 %
1.a Leverage Ratio that the bank must meet, considering the minimum requirements a 3 % 3 %
2 CET 1 Capital Ratio (T1 I18/T1 I11.b) 14.21 % 14.37 %
2.a CET 1 Capital Ratio that the bank must meet, considering the minimum requirements a 5.51 % 5.51 %
2.b Capital buffer shortfall b — —
3 Tier 1 Capital Ratio (T1 I25/T1 I11.b) 14.21 % 14.37 %
3.a Tier 1 Capital Ratio that the bank must meet, considering the minimum requirements a 7.04 % 7.03 %
4 Regulatory Capital Ratio (T1 I31/T1 I11.b) 17.97 % 18.13 %
4.a Regulatory Capital Ratio that the bank must meet, considering the minimum requirements a 9.07 % 9.06 %
4.b Regulatory Capital Ratio that the bank must meet, considering the charge for article 35 bis c N/A N/A
4.c Regulatory Capital Ratio that the bank must meet, considering the minimum requirements, conservation buffer and countercyclical buffer b 12.07 % 12.06 %
5 Credit rating d A A
Regulatory compliance for Capital Adequacy
6 Additional provisions computed in Tier 2 capital (T2) in relation to CRWA (T1 I26/T1 I8.a) e 1.25 % 1.25 %
7 Subordinated bonds computed as Tier 2 capital (T2) in relation to CET 1 Capital f 18.56 % 18.40 %
8 Additional Tier 1 Capital (AT1) in relation to CET 1 Capital (T1 I24/T1 I18) g — —
9 Voluntary (additional) provisions and subordinated bonds computed as AT1 in relation to RWAs ((T1 I19+T1 I20)/T1 I11.b) h N/A N/A
(*) T1<br>Ix: corresponds to item x of the previous table.
a) In<br> the case of the leverage indicator, the requirement is 3% without prejudice to the additional<br> requirements for systemic banks that could be set according to the provisions of Chapter<br> 21-30 of the RAN.
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In the case of core capital, the bank considers a charge of 4.5% of risk-weighted assets (RWA) plus the systemic charge and Pillar 2 requirements.

In Tier 1 capital, a value of 6% plus the systemic bank charge and Pillar 2 charge is considered the minimum requirement.

For effective equity, 8% of the RWA is considered, adding to this value the additional charges for systemic bank and Pillar 2.

The systemic bank and Pillar 2 requirements for Banco de Chile are equivalent to 1.25% and 0.13%, respectively. The transitional provisions require 75% of the capital charge per systemic bank and 100% of the charge for Pillar 2 for Banco de Chile (25% as of December 31, 2024 equivalent to 0.125%) which is covered by 56.3% with basic capital.

b) The<br> capital buffer deficit must be estimated according to the provisions of Chapter 21-12 of<br> the RAN. This value defines the restriction on the distribution of dividends, as provided<br> in the Chapter mentioned above.

In the case of effective equity, the requirement of 100% of the conservation buffer of 2.5% and a counter-cyclical capital charge are added to the value reported in note 4.a). of 0.5%.

c) It<br>corresponds to the effective equity requirement in force by article 35 bis of the General Banking Law.
d) It<br>corresponds to the solvency classification as established in article 61 of the general banking law.
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e) Limit<br>is equivalent to 1.25% when using standard methodology for determining CRWAs.
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f) Limit<br>is equivalent to 50% of the basic capital, considering the discounts applied to these instruments according to Chapter 21-1 of the RAN.
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g) Additional<br>Tier 1 capital cannot exceed 1/3 of core capital.
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h) Additional<br> provisions and subordinated bonds could be temporarily allocated until November 2023 to AT<br> 1 for up to 1% of the RWA as of December 1, 2021. This value decreased annually by 0.5% in<br> accordance with the transitional provisions of Chapter 21-2 of the RAN.
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211
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued
49. Subsequent<br>Events:
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(a) During 2025, Banco de Chile has reported as an essential event the following placements in the local market of senior, dematerialized and bearer bonds issued by Banco de Chile and registered with the Securities Registry of the Financial Market Commission:
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Date Registration<br> number in the<br> Securities Registry Serie Amount Currency Maturity<br> date Average<br> rate
--- --- --- --- --- --- --- --- --- ---
October 28, 2025 11/2022 GA 650,000 UF 05/01/2034 2.99 %
October 28, 2025 (*) 20240002 HW 150,000 UF 06/01/2044 3.03 %
(*) The bonds have been registered under the Automatic Registration modality, with the registration number dated April 5, 2024.
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(b) During<br> the period 2025 Banco de Chile has reported as an essential fact the following placements<br> in the foreign market, issued under its Medium Term Notes Program (“MTN”):
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Date Amount Currency Maturity date Average rate
--- --- --- --- --- --- ---
October 22, 2025 70,000,000 AUD 10/30/2035 BBSW3M +1.28 %

The Interim Consolidated Financial Statements of Banco de Chile for the period ended September 30, 2025 were approved by the Directors on October 29, 2025.

In Management’s opinion, there are no other significant subsequent events that affect or could affect the Interim Consolidated Financial Statements of Banco de Chile and its subsidiaries between September 30, 2025 and the date of issuance of these Interim Consolidated Financial Statements.

****<br><br> <br>
Héctor Hernández G.<br><br> <br>General Accounting Manager Eduardo Ebensperger O.<br><br> <br>Chief Executive Officer 
212

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