BCH 0001213900-24-091400 6-K Filing: Oct 29, 2024

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

Report of Foreign Private Issuer

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

of the Securities Exchange Act of 1934

For the month of October, 2024

Commission File Number 001-15266

BANK OF CHILE

(Translation of registrant’s name into English)

Ahumada 251 Santiago, Chile

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F 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, 2024.

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 29,<br>2024	Banco de Chile
	By:	/S/ Eduardo Ebensperger O.
		Eduardo Ebensperger O.<br><br> <br>CEO

Exhibit 99.1

BANCO DE CHILE AND SUBSIDIARIES

(Free translation of Consolidated Financial Statements originally issued in Spanish)

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	=	Actualized Standards Compilation issued by the Chilean Commission for the Financial Market (“CMF”)
IFRIC	=	International Financial Reporting Interpretations Committee
SIC	=	Standards Interpretation Committee

BANCO DE 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.	Main Accounting Criteria Used:	12
3.	New Accounting Pronouncements Issued and Adopted, or Issued that have not yet been Adopted:	48
4.	Accounting Changes:	54
5.	Relevant Events:	55
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:	92
15.	Intangible Assets:	94
16.	Property and equipment:	95
17.	Right-of-use assets and Lease liabilities:	96
18.	Taxes:	99
19.	Other Assets:	104
20.	Non-current assets and disposal groups held for sale and Liabilities included in disposal groups for sale:	105
21.	Financial liabilities held for trading at fair value through profit or loss:	106
22.	Financial liabilities at amortized cost:	107
23.	Financial instruments of regulatory capital issued:	113
24.	Provisions for contingencies:	117
25.	Provision for dividends, interests and reappraisal of financial instruments of regulatory capital issued:	122
26.	Special provisions for credit risk:	123
27.	Other Liabilities:	124
28.	Equity:	125
29.	Contingencies and Commitments:	130
30.	Interest Revenue and Expenses:	135
31.	UF indexation revenue and expenses:	138
32.	Income and Expenses from commissions:	141
33.	Net Financial income (expense):	142
34.	Income attributable to investments in other companies:	143
35.	Result from non-current assets and disposal groups held for sale not admissible as discontinued operations:	144
36.	Other operating Income and Expenses:	145
37.	Expenses from salaries and employee benefits:	146
38.	Administrative expenses:	147
39.	Depreciation and Amortization:	148
40.	Impairment of non-financial assets:	148
41.	Credit loss expense:	149
42.	Income from discontinued operations:	151
43.	Related Party Disclosures:	151
44.	Fair Value of Financial Assets and Liabilities:	158
45.	Maturity according to their remaining Terms of Financial Assets and Liabilities:	170
46.	Financial and Non-Financial Assets and Liabilities by Currency:	172
47.	Risk Management and Report:	173
48.	Information on Regulatory Capital and Capital Adequacy Ratios:	214
49.	Subsequent Events:	218

BANCO DE CHILE AND SUBSIDIARIES

INTERIM CONSOLIDATED STATEMENTS OF FINANCIALPOSITION

For the periods ended September 30, 2024 andDecember 31, 2023

(Free translation of Interim Consolidated Financial Statements originally issued in Spanish)

		September		December
	Notes	2024		2023
		MCh$		MCh$
ASSETS
Cash and due from banks	7		2,112,115		2,464,648
Transactions in the course of collection	7		525,912		415,505
Financial assets held for trading at fair value through profit or loss:
Derivative financial instruments	8		2,086,983		2,035,376
Debt financial instruments	8		1,465,702		3,363,624
Others	8		414,892		409,328
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		1,954,644		3,786,525
Others	11		—		—
Derivative financial instruments for hedging purposes	12		45,378		49,065
Financial assets at amortized cost:
Rights from resale agreements and securities lending	13		70,386		71,822
Debt financial instruments	13		933,466		1,431,083
Loans and advances to Banks	13		1,696,985		2,519,180
Loans to customers - Commercial loans	13		19,585,126		19,624,909
Loans to customers - Residential mortgage loans	13		12,862,595		12,269,148
Loans to customers - Consumer loans	13		4,976,861		4,937,679
Investments in other companies	14		75,001		76,994
Intangible assets	15		153,307		137,204
Property and equipment	16		191,692		201,657
Right-of-use assets	17		102,694		108,889
Current tax assets	18		158,601		141,194
Deferred tax assets	18		526,658		539,818
Other assets	19		1,717,694		1,186,013
Non-current assets and disposal groups held for sale	20		31,166		22,891
TOTAL ASSETS			51,687,858		55,792,552

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

BANCO DE CHILE AND SUBSIDIARIES

INTERIM CONSOLIDATED STATEMENTS OF FINANCIALPOSITION

For the periods ended September 30, 2024 andDecember 31, 2023

(Free translation of Interim Consolidated Financial Statements originally issued in Spanish)

		September			December
	Notes	2024			2023
		MCh$			MCh$
LIABILITIES
Transactions in the course of payment	7		554,374			356,871
Financial liabilities held for trading at fair value through profit or loss:
Derivative financial instruments	21		2,203,559			2,196,921
Others	21		1,486			2,305
Financial liabilities designated as at fair value through profit or loss	10		—			—
Derivative Financial Instruments for hedging purposes	12		195,440			160,602
Financial liabilities at amortized cost:
Current accounts and other demand deposits	22		13,243,711			13,321,660
Saving accounts and time deposits	22		14,662,443			15,365,562
Obligations by repurchase agreements and securities lending	22		86,696			157,173
Borrowings from financial institutions	22		1,144,119			5,360,715
Debt financial instruments issued	22		9,772,113			9,360,065
Other financial obligations	22		278,289			339,305
Lease liabilities	17		96,502			101,480
Financial instruments of regulatory capital issued	23		1,068,667			1,039,814
Provisions for contingencies	24		166,862			192,152
Provision for dividends, interests and reappraisal of financial instruments of regulatory capital issued	25		460,587			611,949
Special provisions for credit risk	26		772,004			769,147
Currents tax liabilities	18		447			808
Deferred tax liabilities	18		—			—
Other liabilities	27		1,505,916			1,218,738
Liabilities included in disposal groups held for sale	20		—			—
TOTAL LIABILITIES			46,213,215			50,555,267
EQUITY
Capital	28		2,420,538			2,420,538
Reserves	28		709,742			709,742
Accumulated other comprehensive income
Elements that are not reclassified in profit and loss	28		6,791			6,756
Elements that can be reclassified in profit and loss	28		10,055			17,486
Retained earnings from previous period	28		1,878,778			1,451,076
Income for the period	28		909,326			1,243,634
Less: Provision for dividends, interests and reappraisal of financial instruments of regulatory capital issued	28		(460,587	)		(611,949	)
Shareholders of the Bank	28		5,474,643			5,237,283
Non-controlling interests	28		—			2
TOTAL EQUITY			5,474,643			5,237,285
TOTAL LIABILITIES AND EQUITY			51,687,858			55,792,552

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

BANCO DE CHILE AND SUBSIDIARIES

INTERIM CONSOLIDATED STATEMENTS OF INCOME

for the period between January 1, and September30,

(Free translation of Interim Consolidated Financial Statements originally issued in Spanish)

		For the nine-months period ended <br><br>September 30,						07.01.2024 to			07.01.2023 to
	Notes	2024			2023			09.30.2024			09.30.2023
		MCh$			MCh$			MCh$			MCh$
Interest revenue	30		2,233,807			2,367,843			691,255			798,103
Interest expense	30		(893,926	)		(1,255,198	)		(266,476	)		(421,986	)
Net interest income			1,339,881			1,112,645			424,779			376,117
UF indexation revenue	31		570,342			535,453			172,542			54,190
UF indexation expenses	31		(324,974	)		(318,961	)		(97,248	)		(23,333	)
Net income from UF indexation			245,368			216,492			75,294			30,857
Income from commissions	32		542,357			530,428			181,573			179,991
Expenses from commissions	32		(115,124	)		(124,402	)		(35,836	)		(47,056	)
Net income from commissions			427,233			406,026			145,737			132,935
Financial income (expense) for:
Financial assets and liabilities held for trading	33		139,247			240,298			63,663			3,447
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		8,293			(265	)		3,212			(199	)
Exchange, indexation and accounting hedging of foreign currency	33		77,440			110,773			(4,518	)		124,578
Reclassification of financial assets for changes in the business model	33		—			—			—			—
Other financial result	33		—			—			—			—
Net Financial income (expense)	33		224,980			350,806			62,357			127,826
Income attributable to investments in other companies	34		7,084			9,357			3,004			3,561
Result from non-current assets and disposal groups held for sale not admissible as discontinued operations	35		(2,465	)		2,209			(647	)		80
Other operating income	36		30,052			34,276			10,322			10,109
TOTAL OPERATING INCOME			2,272,133			2,131,811			720,846			681,485
Expenses from salaries and employee benefits	37		(419,369	)		(405,635	)		(139,535	)		(136,841	)
Administrative expenses	38		(313,467	)		(299,386	)		(101,563	)		(101,468	)
Depreciation and amortization	39		(70,951	)		(68,788	)		(24,163	)		(22,486	)
Impairment of non-financial assets	40		(1,471	)		(112	)		41			(129	)
Other operating expenses	36		(24,330	)		(23,278	)		(7,721	)		(8,420	)
TOTAL OPERATING EXPENSES			(829,588	)		(797,199	)		(272,941	)		(269,344	)
OPERATING RESULT BEFORE CREDIT LOSSES			1,442,545			1,334,612			447,905			412,141

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

BANCO DE CHILE AND SUBSIDIARIES

INTERIM CONSOLIDATED STATEMENTS OF INCOME

for the period between January 1, and September30,

(Free translation of Interim Consolidated Financial Statements originally issued in Spanish)

		For the nine-months period ended <br>September 30,				07.01.2024 to		07.01.2023 to
	Notes	2024		2023	09.30.2024		09.30.2023
		MCh		MCh	MCh		MCh
Credit loss expense for:
Provisions for credit risk of loans and advances to banks and loans to customers	41		(333,712	)	(280,981	)		(107,477	)	(77,479	)
Special provisions for credit risk	41		(2,532	)	31			5,016		956
Recovery of written-off credits	41		46,692		44,542			18,385		17,840
Impairments for credit risk from other financial assets at amortized cost and financial assets at fair value through other comprehensive income	41		1,094		3,057			3,722		(1,788	)
Credit loss expense	41		(288,458	)	(233,351	)		(80,354	)	(60,471	)
NET OPERATING INCOME			1,154,087		1,101,261			367,551		351,670
Income from continuing operations before tax			1,154,087		1,101,261			367,551		351,670
Income tax	18		(244,761	)	(243,170	)		(79,480	)	(91,677	)
Income from continuing operations after tax			909,326		858,091			288,071		259,993
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		909,326		858,091			288,071		259,993
Attributable to:
Shareholders of the Bank	28		909,326		858,091			288,071		259,993
Non-controlling interests			—		—			—		—
Earnings per share:
Basic earnings	28		9.00		8.49			2.85		2.57
Diluted earnings	28		9.00		8.49			2.85		2.57

All values are in US Dollars.

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

BANCODE CHILE AND SUBSIDIARIES

INTERIM CONSOLIDATED STATEMENTS OF

OTHER COMPREHENSIVE INCOME

for the period between January 1, and September30,

(Free translation of Interim Consolidated Financial Statements originally issued in Spanish)

		For the nine-months period ended <br><br>September 30,						07.01.2024 to			07.01.2023 to
	Notes	2024			2023			09.30.2024			09.30.2023
		MCh$			MCh$			MCh$			MCh$
NET INCOME FOR THE PERIOD	28		909,326			858,091			288,071			259,993
ITEMS NOT TO BE RECLASSIFIED TO PROFIT OR LOSS
Re-measurement of the liability (asset) for net defined benefits and actuarial results for other employee benefit plans	28		115			(30	)		(66	)		85
Fair value changes of equity instruments designated as at fair value through other comprehensive income	28		(1,241	)		3,472			(397	)		2,875
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			(1,126	)		3,442			(463	)		2,960
Income tax on other comprehensive income that will not be reclassified to profit or loss	18		1,161			(929	)		144			(799	)
TOTAL OTHER COMPREHENSIVE INCOME THAT WILL NOT BE RECLASSIFIED TO INCOME AFTER TAXES	28		35			2,513			(319	)		2,161
ELEMENTS THAT CAN BE RECLASSIFIED TO PROFIT OR LOSS
Fair value changes of financial assets at fair value through other comprehensive income	28		10,846			(22,018	)		13,890			(27,862	)
Cash flow hedges	28		(22,719	)		147,508			(28,157	)		88,405
Participation in other comprehensive income of entities registered under the equity method	28		40			92			39			114
OTHER COMPREHENSIVE INCOME THAT WILL BE RECLASSIFIED TO INCOME BEFORE TAXES			(11,833	)		125,582			(14,228	)		60,657
Income tax on other comprehensive income that can be reclassified to profit or loss	28		4,402			(38,758	)		8,100			(20,917	)
TOTAL OTHER COMPREHENSIVE INCOME THAT WILL BE RECLASSIFIED TO PROFIT OR LOSS AFTER TAX	28		(7,431	)		86,824			(6,128	)		39,740
TOTAL OTHER COMPREHENSIVE INCOME FOR THE PERIOD	28		(7,396	)		89,337			(6,447	)		41,901
CONSOLIDATED COMPREHENSIVE INCOME FOR THE PERIOD			901,930			947,428			281,624			301,894
Attributable to:
Shareholders of the Bank			901,930			947,428			281,624			301,894
Non-controlling interests			—			—			—			—

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

BANCO DE CHILE AND SUBSIDIARIES

INTERIM CONSOLIDATEDSTATEMENTS OF CASH FLOWS

for the period between January 1, and September30,

(Free translation of Interim Consolidated Financial Statements originally issued in Spanish)

		September			September
	Notes	2024			2023
		MCh$			MCh$
CASH FLOWS FROM OPERATING ACTIVITIES:
Profit for the year before taxes		1,154,087			1,101,261
Income tax	18		(244,761	)		(243,170	)
Profit for the period after taxes			909,326			858,091
Charges (credits) to income (loss) that do not represent cash flows:
Depreciation and amortization	39		70,951			68,788
Impairment of non-financial assets	40		1,471			112
Provisions for credit losses			336,911			281,488
Provisions for contingencies	41		(1,761	)		(3,596	)
Additional provisions	41		—			—
Fair value of debt financial instruments held for trading at fair value through in profit or loss			(4,650	)		12,090
Change in deferred tax assets and liabilities	18		12,572			16,283
Net (income) loss from investments in companies with significant influence	34		(6,738	)		(8,346	)
Net (income) loss on sale of assets received in payments			(975	)		(1,241	)
Net (income) loss on sale of sale of fixed assets	35		(880	)		(2,258	)
Write-offs of assets received in payment	35		9,728			4,730
Other charges (credits) that do not represent cash flows			3,359			5,400
Net change in exchange rates, interest, readjustments and commissions accrued on assets and liabilities			451,291			151,942
Changes due to (increase) decrease in assets and liabilities affecting the operating flow:
Net (increase) decrease in accounts receivable from banks			818,071			(5,559	)
Net (increase) decrease in loans and accounts receivables from customers			(826,239	)		(200,870	)
Net (increase) decrease of debt financial instruments held for trading at fair value through profit or loss			511,037			(119,760	)
Net (increase) decrease in other assets and liabilities			(308,319	)		(88,058	)
Increase (decrease) in deposits and other demand obligations			(76,750	)		(593,174	)
Increase (decrease) in repurchase agreements and securities loans			(71,033	)		(120,127	)
Increase (decrease) in deposits and other time deposits			(702,049	)		1,061,967
Sale of assets received in lieu of payment			14,382			9,392
Increase (decrease) in obligations with foreign banks			123,393			(59,902	)
Increase (decrease) in other financial obligations			(60,992	)		(90,600	)
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			1,758,535			469,361
Net (increase) decrease of financial instruments at amortized cost			506,335			6,311
Total net cash flows provided by (used in) operating activities			(881,424	)		1,652,464
CASH FLOWS FROM INVESTING ACTIVITIES:
Leasehold improvements	17		(828	)		(1,325	)
Fixed assets purchase	16		(12,145	)		(20,209	)
Fixed assets sale			1,237			3,090
Disposal of investments in companies	14		2,294			—
Acquisition of intangibles	15		(42,757	)		(42,303	)
Acquisition of investments in companies	14		—			—
Dividend received of investments in companies			2,116			4,486
Total net cash flows from (used in) investing activities			(50,083	)		(56,261	)
CASH FLOW FROM FINANCING ACTIVITIES:
Attributable to the interest of the owners:
Redemption and payment of interest of letters of credit			(485	)		(827	)
Redemption and payment of interest on current bonds			(836,907	)		(1,165,336	)
Redemption and payment of interest on subordinated bonds			(28,144	)		(30,651	)
Current bonds issuance	22		792,603			936,753
Subordinated bonds issuance			—			—
Payment of common stock dividends	28		(815,932	)		(866,929	)
Principal and interest payments for obligations under lease contracts	17		(22,513	)		(24,226	)
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			—			(1	)
Total net cash flows from (used in) financing activities			(911,378	)		(1,151,217	)
VARIATION IN CASH AND CASH EQUIVALENTS DURING THE PERIOD			(1,842,885	)		444,986
Effect of exchange rate changes on cash and cash equivalents			39,856			39,655
Opening balance of cash and cash equivalent	7		5,544,147			6,105,389
Final balance of cash and cash equivalent	7		3,741,118			6,590,030
	September		September
---	---	---	---	---
	2024		2023
	MCh$		MCh$
Interest operating cash flow:
Interest and readjustments received	2,773,512		2,634,302
Interest and readjustments paid	(741,087	)	(1,201,071	)

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

BANCO DE CHILE AND SUBSIDIARIES

INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS

for the period between January 1, and September30,

(Free translation of Interim Consolidated Financial Statements originally issued in Spanish)

Reconciliation of liabilities arising from financing activities:

						Changes other than Cash
	12.31.2023		Net Cash Flow			Acquisition /<br><br> (Disposals)		Foreign currency		UF Movement		09.30.2024
	MCh$		MCh$			MCh$		MCh$		MCh$		MCh$
Letters of credit		1,444		(485	)		—		—		34		993
Bonds		10,398,435		(72,448	)		—		43,971		469,829		10,839,787
Dividends paid		—		(815,932	)		—		—		—		(815,932	)
Obligations for lease contracts		101,480		(22,513	)		13,243		—		4,292		96,502
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		10,501,359		(911,378	)		13,243		43,971		474,155		10,121,350

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

BANCO DE CHILE AND SUBSIDIARIES

INTERIM CONSOLIDATED STATEMENTS OF CHANGES INEQUITY

for the period between January 1, and September30, 2024 and 2023

(Free translation of Interim Consolidated Financial Statements originally issued in Spanish)

		Attributable to shareholders of the Bank
	Note	Capital		Reserves		Accumulated other comprehensive income			Retained earnings from previous years and income (loss) for the period			Total			Non-controlling interests			Total<br><br> Equity
		MCh$		MCh$		MCh$			MCh$			MCh$			MCh$			MCh$
Opening balances as of January 1, 2023			2,420,538		709,742		(69,802	)		1,797,847			4,858,325			2			4,858,327
Dividends distributed and paid	28		—		—		—			(866,929	)		(866,929	)		(1	)		(866,930	)
Application of provision for payment of common stock dividends			—		—		—			520,158			520,158			—			520,158
Provision for payment of common stock dividends	28		—		—		—			(432,850	)		(432,850	)		—			(432,850	)
Subtotal: transactions with owners during the period			—		—		—			(779,621	)		(779,621	)		(1	)		(779,622	)
Income for the period 2023	28		—		—		—			858,091			858,091			—			858,091
Other comprehensive income for the period	28		—		—		89,337			—			89,337			—			89,337
Subtotal: Comprehensive income for the period			—		—		89,337			858,091			947,428			—			947,428
Balances as of September 30, 2023			2,420,538		709,742		19,535			1,876,317			5,026,132			1			5,026,133
Provision for payment of common stock dividends	28		—		—		—			(179,099	)		(179,099	)		—			(179,099	)
Subtotal: transactions with owners during the period			—		—		—			(179,099	)		(179,099	)		—			(179,099	)
Income for the period 2023	28		—		—		—			385,543			385,543			1			385,544
Other comprehensive income for the period			—		—		4,707			—			4,707			—			4,707
Subtotal: Comprehensive income for the period			—		—		4,707			385,543			390,250			1			390,251
Balances as of December 31, 2023			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	28		—		—		—			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

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

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS

(Free translation of Interim Consolidated Financial Statements originally issued in Spanish)

1.	Company information:

Banco de Chile 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 a program of 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.

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

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

2.	Main Accounting Criteria Used:
(a)	Legal Dispositions:
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Decree Law No. 3,538 of 1980, according to the text replaced by the first article of Law No. 21,000 that “Creates the Commission for the Financial Market”, provides in numeral 6 of its article 5 that the Commission for the Market Financial (“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”.

According to the current legal framework, banks must use the accounting principles provided 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 College of Accountants of Chile AG, coinciding with the International Financial Reporting Standards (“IFRS”) agreed by the International Accounting Standards Board (“IASB”). If there are discrepancies between these accounting principles of general acceptance and the accounting criteria 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 Consolidated Statement of Cash Flows. They provide narrative descriptions or disaggregation of such statements in a clear, relevant, reliable and comparable way.

(b)	Basis of Consolidation:

The Interim Consolidated Financial Statements of Banco de Chile as of September 30, 2024 and 2023 and December 31, 2023, have been consolidated with its Chilean subsidiaries and foreign subsidiary, using the global integration method (line-by-line). They include preparation of individual Financial Statements of the Bank and companies that participate in the consolidation and it include adjustments and reclassifications necessary to homologue accounting policies and valuation criteria applied by the Bank. The Interim Consolidated Financial Statements have been prepared using the same 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) originated in operations performed between the Bank and its subsidiaries and between 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 Banco de Chile.

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

2.	Main Accounting Criteria Used, continued:

−	Controlled companies (Subsidiaries):

Interim Consolidated Financial Statements as of September 30, 2024 and 2023 and December 31, 2023 incorporate Financial Statements of the Bank and the controlled companies (subsidiaries) in accordance with IFRS 10 “Consolidated Financial Statements”.

The entities controlled by the Bank and which form parts of the consolidation are detailed as follows:

				Interest Owned
				Direct				Indirect				Total
			Functional	September		December		September		December		September		December
Rut	Entity	Country	Currency	2024		2023		2024		2023		2024		2023
				%		%		%		%		%		%
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
96,645,790-2	Socofin S.A.	Chile	Ch$		99.00		99.00		1.00		1.00		100.00		100.00
77,955,969-6	Operadora de Tarjetas B-Pago S.A. (*)	Chile	Ch$		99.90		—		0.10		—		100.00		—
(*)	On July 29, 2024, the public deed of incorporation of the<br>subsidiary company of Banco de Chile was signed, Operadora de Tarjetas B-Pago S.A.
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−	Investments in associates and joint venture:
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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 exists significant influence, are accounted for using the equity method (Note No. 14).

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 their characteristics, are defined as “Joint Ventures” 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 applies.

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

2.	Main Accounting Criteria Used, continued:
−	Fund administration:
---	---

The Bank and its subsidiaries manage and administer assets held in mutual funds and other investment products on behalf of investors, perceiving 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.

According to established in IFRS 10, for consolidation purposes is necessary to assess the role of the Bank and its subsidiaries with respect to the funds they manage, must determine whether that role is Agent or Principal.

The Bank and its subsidiaries manage on behalf and for the benefit of investors, acting in that relationship only as Agent. Under this category, and as provided in the aforementioned regulation, it does not control such funds when exercise its authority to make decisions. Therefore, as of September 30, 2024 and 2023 and December 31, 2023 act as agent, and therefore do not consolidate any fund, no funds are part of the consolidation.

(c)	Non-controlling interest:

Non-controlling interest represents the share of losses, income and net assets of which, directly or indirectly, the Bank does not own. It is presented separately from the equity of the owners of the Bank in the Interim Consolidated Statements of Income and the Interim 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. Real results could differ from these estimated amounts. The estimates made refer to:

-	Losses due to impairment of assets and liabilities (Notes<br>No. 11, 13, 15, 16, 17 and No. 40);
-	Provision for credit risk (Notes No. 13, 26 and 41);
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-	Expenses for amortization of intangible assets, depreciation<br>of property and equipment and leased assets and lease liabilities (Notes No. 15, 16 and 17);
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-	Income taxes and deferred taxes (Note No. 18);
---	---
-	Provisions (Note No. 24);
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-	Contingencies and Commitments (Note No. 29);
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-	Fair value of financial assets and liabilities (Notes No.<br>8, 11, 12, 21 and 44).
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Estimates and relevant assumptions are regularly reviewed by the management in order to quantify certain assets, liabilities, income, expenses and commitments.

During the period ended September 30, 2024 there have been no significant changes in the estimates made.

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

2.	Main Accounting Criteria Used, continued:

(e)	Financial Assets:

The classification, measurement and presentation of financial assets has been carried out based on the standards issued by the CMF in the Compendium of Accounting Standards for Banks (CASB), considering the criteria described below:

Classification of 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; Financial assets not held for trading mandatorily valued 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 incorporates 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 “Solely Payments of Principal and Interest” (SPPI) criterion.

The valuation 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 should be valued at amortized cost if both of the following conditions are met:

-	It is held within a business model whose objective is to<br>hold financial assets in order to collect contractual cash flows and
-	The contractual terms of the financial asset give rise to<br>cash flows that are solely payments of principal and interest.
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A debt financial instrument must be valued at fair value with changes in “Other comprehensive income” if the following two conditions are met:

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

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

2.	Main Accounting Criteria Used, continued:

Valuation of financial assets:

Initial recognition:

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 purchase or issuance, using the Effective Interest Rate method (EIT). The calculation of the EIT includes all fees and other items paid or received that are part of the EIT. Transaction costs include incremental costs that are directly attributable to the acquisition or issuance of a financial asset.

Post measurement:

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

The changes in the valuations that occur after the initial registration for reasons other than those mentioned in the previous paragraph, are treated as described below, based on the categories in which the financial assets are classified.

Financial assets held for tradingat fair value through profit or loss, Financial assets not held for trading mandatorily valued at fair value through profit or loss andFinancial assets designated as at fair value through profit or loss:

In “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 in the short term.

The financial assets recorded under “Financial assets not held for trading mandatorily valued 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.

In “Financial assets designated as at fair value through profit or loss” financial assets will be classified only when such designation eliminates or significantly reduces the inconsistency in the valuation 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”, “Financial assets and liabilities financial assets not held for trading mandatorily valued at fair value through profit or loss” and “Financial assets and liabilities designated as at fair value through profit or loss” of the Consolidated Income Statement. Variations originated from exchange differences are recorded under “Foreign currency changes, UF indexation and accounting hedge” in the Consolidated Income Statement.

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

2.	Main Accounting Criteria Used, continued:

Financial assets at fair value throughother comprehensive income:

−	Debt financial instruments:

The assets recorded in this item are valued at their fair value, interest income and UF indexation of these instruments, as well as exchange differences and impairment arising, are recorded in the Consolidated Statement of Income, while 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 form part of the Bank’s consolidated equity until the asset is derecognized in the consolidated balance. In the case of selling these assets, the result is recognized in “Financial result for derecognizing financial assets and liabilities at amortized cost and financial assets at fair value with changes in others comprehensive income” of the Consolidated Income Statement.

Net losses due to impairment of financial assets at fair value through other comprehensive income produced in 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” of the Consolidated Income Statement.

−	Equity financial instruments:

At the time of 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 the 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” of the Consolidated Income Statement. 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 valued after their acquisition at their “amortized cost”, in accordance with the “effective interest rate” method. They are subdivided according to the following:

-	Investment under resale agreements and securities loans (Note<br>No. 13 (a)).
-	Debt financial instruments (Note No. 13 (b)).
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-	Due from banks (Note No. 13 (c)).
---	---
-	Loans and accounts receivable from customers (Note No. 13<br>(d)).
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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” of the Consolidated Income Statement.

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

2.	Main Accounting Criteria Used, 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 carried out as a form of financing, which are included as liabilities in “Obligations for repurchase agreements and securities loans”. In this regard, the investments that are sold subject to a repurchase obligation and that serve as collateral for the loan correspond to debt financial instruments. The obligation to repurchase the investment is classified in liabilities as “Obligations under repurchase agreements and securities loans” and is valued according to the interest rate of the agreement.

−	Debt financial instruments at amortized cost:

These instruments are recorded at their cost value plus accrued interest and UF indexation, less provision for impairment constituted when their recorded amount is greater than the estimated amount of recovery. 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 abroad banks, including the Central Bank of Chile and foreign Central Banks.

−	Loans and accounts receivable from customers:

Loans to customers include originated and purchased 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 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 defined some loans as hedged items, measured at fair value through profit or loss as described in letter (p) of this note.

(ii)	Lease contracts

These are included under the item “Loans to customers” correspond to periodic rent installments of 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.

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

2.	Main Accounting Criteria Used, continued:

(iii)	Factoring transactions

They are valued for the amounts disbursed by the Bank in exchange for invoices or other commercial instruments representative of credit, 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 the result as interest income, through the effective interest method, during the financing period. In those cases, where the transfer of these instruments it was made without responsibility of the grantor, it is the Bank who assumes the insolvency risks of those required to pay.

(f)	Credit risk allowance:

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 what is stipulated by the CMF, models or methods are used based on an individual and group analysis of debtors, to establish allowance for loan losses. The Bank’s Board of Directors approves said models, as well as modifications to their design and application.

(i) Allowance for 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 detail.

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

For purposes of establish the allowances, the banks must assess the credit quality, then classify to one of three categories of loans portfolio: Normal, Substandard and Non-Complying Loans, it must classify the debtors and their operations related to loans and contingent loans in the categories that apply.

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

2.	Main Accounting Criteria Used, continued:

−	Normal Loans and Substandard Loans:

Normal loans: includes those debtors whose payment capacity allows them to meet their obligations and commitments, and according to the evaluation of their economic-financial situation 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 in the short term.

They are also part of the Substandard Portfolio those debtors who have shown arrears of more than 30 days in the recent past. 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 the debtors
Normal 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 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 constitute for normal and substandard portfolio, previously should be estimated the exposure to subject to the allowances, which will be applied to respective expected loss, 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 affects to allowances applicable 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 book value of credit of the respective debtor, while for contingent loans, the value resulting from to apply the indicated in No. 3 of Chapter B-3 of the CASB.

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

2.	Main Accounting Criteria Used, continued:

In the case of real guarantees, the Bank must demonstrate that the value assigned to this deduction reasonably reflects the value that it would obtain in the sale of the assets or capital instruments. Also, in qualified cases, the direct debtor’s credit risk may be substituted for the credit quality of the guarantor. In no case may the guaranteed securities be discounted from the amount of the exposure, since this procedure is only applicable when it comes 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 subject to allowances, (Loans + Contingent Loans) – Financial Guarantees
GE	=	Guaranteed exposure
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However, the Bank must maintain a minimum provision level of 0.50% over normal portfolio and contingent loans.

−	Non-complying Loans:

The non-complying portfolio includes the debtors and their credits for which their recovery is considered remote, as they show an 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 credit. This portfolio is composed of the debtors belonging to categories C1 to C6 of the rating scale and all credits, including 100% of the amount of contingent loans, held by those same debtors.

For purposes to establish the allowances on the non-complying loans, the Bank disposes the use of percentage of allowances to be applied on the amount of exposure, which corresponds to the amount of loans and contingent loans that maintain the same debtor. To apply that percentage, must be estimated an expected loss rate, less the amount of the exposure the recoveries by way of foreclosure of financial or real guarantees that to support the operation and, if there are available specific background, also must be deducting present value of recoveries obtainable exerting collection actions, net of expenses associated with them. This 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 of the same debtor.

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

2.	Main Accounting Criteria Used, continued:

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

Type of portfolio	Scale of risk	Expected Loss Range
Non-complying loans	C1	Up to 3%	2
	C2	More than 3% up to 20%	10
	C3	More than 20% up to 30%	25
	C4	More than 30 % up to 50%	40
	C5	More than 50% up to 80%	65
	C6	More than 80%	90

For calculation purposes, the following must be considered:

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

Where:

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

-	No obligation of the debtor with the bank with more than 30 calendar days overdue.
-	No new refinances granted to pay its obligations.
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-	At least one of the payments includes amortization of capital.
---	---
-	If the debtor has a credit with partial payment periods less than six months, has already made two payments.
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-	If the debtor must pay monthly fees for one or more credits, has paid four consecutive dues.
---	---
-	The debtor does not have direct debts unpaid in the CMF recast information, except in the case of insignificant<br>amounts.
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NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

2.	Main Accounting Criteria Used, continued:
(ii)	Allowances for group evaluations
---	---

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

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

Banks must carry out a complete and permanent monitoring of all operations with entities belonging to business groups. Considering the costs that may result the conformation of groups for all debtors, the bank must at least keep control and form 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 aggregate exposure to the same counterparty does not exceed<br>0.2% of the total commercial group portfolio. To avoid circular computation, the criterion 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 the allowances, the group evaluations require the formation of groups of loans with similar characteristics in terms of type of debtors and conditions agreed, to establish technically based estimates by prudential criteria and following both the payment behavior of the group that concerned as recoveries of defaulted loans and consequently provide the necessary provisions to cover the risk of the portfolio.

To determine its provisions, the Bank segments its debtors into homogeneous groups, according described above, associating to each group a determined probability of default and a percentage of recovery 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 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.

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

2.	Main Accounting Criteria Used, continued:
−	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 mortgage portfolio

The provision factor applicable, represented by expected loss over the mortgage loans, it 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 guarantees (CMG), according the following table:

Provision factor applicable according to delinquency and CMG
CMG section	****	Concept	****	Concept	****	Concept	****	Concept	****	Concept	****	Non-Complying Portfolio		****
CMG ≤ 40%		PD (%)		PD (%)		PD (%)		PD (%)		PD (%)			100.0000
		LGD (%)		LGD (%)		LGD (%)		LGD (%)		LGD (%)			0.0537
		EAD (%)		EAD (%)		EAD (%)		EAD (%)		EAD (%)			0.0537
40% < CMG≤ 80%		PD (%)		PD (%)		PD (%)		PD (%)		PD (%)			100.0000
		LGD (%)		LGD (%)		LGD (%)		LGD (%)		LGD (%)			3.0413
		EAD (%)		EAD (%)		EAD (%)		EAD (%)		EAD (%)			3.0413
80% < CMG≤ 90%		PD (%)		PD (%)		PD (%)		PD (%)		PD (%)			100.0000
		LGD (%)		LGD (%)		LGD (%)		LGD (%)		LGD (%)			22.2310
		EAD (%)		EAD (%)		EAD (%)		EAD (%)		EAD (%)			22.2310
CMG > 90%		PD (%)		PD (%)		PD (%)		PD (%)		PD (%)			100.0000
		LGD (%)		LGD (%)		LGD (%)		LGD (%)		LGD (%)			30.2436
		EAD (%)		EAD (%)		EAD (%)		EAD (%)		EAD (%)			30.2436

Where:

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

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

2.	Main Accounting Criteria Used, continued:
●	Commercial 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 ≤ 40%			0.05				18.20
40% < PVB ≤ 50%			0.05				57.00
50% < PVB ≤ 80%			5.10				68.40
80% < PVB ≤ 90%			23.20				75.10
PVB > 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 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						****	****	Without		****
Days of default at the month-end	****	PTVG≤100%		****	****	PTVG>100%		****	****	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 in default			100.00				100.00				100.00

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

2.	Main Accounting Criteria Used, 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 collateral		PTVG ≤ 60%			5.00				3.20
		60% < PTVG≤ 75%			20.30				12.80
		75% < PTVG ≤ 90%			32.20				20.30
		90% < PTVG			43.00				27.10
Without 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 CASB 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:

Transactions with specific collaterals: when the debtor granted specific collateral for generic commercial loans and factoring, the PTVG ratio is calculated independently for each covered transaction, such as the division between the amount of the loans and the contingent loans exposure and the collateral’s value of the covered product.

ii.

Transactions with general collaterals: when the debtor granted general or general and specific collaterals, the Bank calculates the respective PTVG, jointly for all generic commercial loans and factoring and not contemplated in the preceding paragraph i), as the quotient between the sum of the amounts of the loans and exposures of contingent loans and the general, or general and specific collateral that, according to the scope of the remaining coverage clauses, safeguard the loans considered in the numerator aforementioned coverage ratio.

---

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

2.	Main Accounting Criteria Used, 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 last valuation of the collateral, be it appraisal or fair value, according to the type of real guarantee<br>in question. For the determination of fair value, the criteria indicated in Chapter 7-12 (Fair Value of Financial Instruments) of the<br>RAN should be considered.
-	Possible situations that could be causing temporary increases in the values of the collaterals.
---	---
-	Limitations on the amount of coverage established in their respective<br>clauses.
---	---
−	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 CASB. 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 obligation of the debtor with the bank with more than 30 calendar days overdue.
-	No new refinances granted to pay its obligations.
---	---
-	At least one of the payments includes amortization of capital.
---	---
-	If the debtor has a credit with partial payment periods less than six months, has already made two payments.
---	---
-	If the debtor must pay monthly fees for one or more credits, has paid four consecutive dues.
---	---
-	The debtor does not appear with unpaid debts direct according to the information recast by CMF, except<br>for insignificant amounts.
---	---

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

2.	Main Accounting Criteria Used, continued:

(iii) Provisions related to financingwith 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 CASB. 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.

(iv) Provisions related to financingwith 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 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.

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

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

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

(v) Impairment of loans

The impaired loans include the following assets, according to Chapter B-1 of the CASB of the CMF:

-	In case of debtors subject to individual assessment, includes credits from<br>“Non-complying loans” those classified in categories B3 and B4 of “Substandard loans”.
-	Debtors subject to assessment group evaluation, the impaired portfolio includes<br>all credits of the “Non-complying loans”.
---	---

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

2.	Main Accounting Criteria Used, continued:

(vi) Charge-offs

As a general rule, 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 to make using credit risk provisions constituted, whatever the cause for which the charge-off was produced.

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 Bank, based on all available information, concludes that will not obtain any cash flow of the credit<br>recorded as an asset.
-	When the debt without executive title expires 90 days after it was recorded in asset.
---	---
-	At the expiration of the statute of limitations for actions to demand payment through an executive trial,<br>or at the time of rejection or abandonment of the execution of the judgment by final court resolution.
---	---
-	When 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 represents the time elapsed since the date on which payment of all or part of the obligation in default became due.

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

2.	Main Accounting Criteria Used, continued:

- Charge-offs of lease operations

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

-	The Bank concludes that there is no possibility of the rent recoveries and the value of the property cannot<br>be considered for purposes of recovery of the contract, either because the lessee has not the asset, for the property’s conditions,<br>for expenses that involve its recovery, transfer and maintenance, due to technological obsolescence or absence of a history of your location<br>and current situation.
-	When it complies the prescription term of actions to demand the payment through executory or upon rejection<br>or abandonment of executory by court.
---	---
-	When 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 represents the time elapsed since the date on which payment of all or part of the obligation in default became due.

(vii) Written-off loans recoveries

Cash recoveries on charge-off loans including loans that were reacquired from the Central Bank of Chile are recorded directly in income in the Consolidated Statement of Income, as a reduction of the “Recoveries of written-off loans” item.

In the event of recoveries of assets, the income will be recognized in the results for the amount by which they are incorporated into the asset. The same criterion will be followed if the leased assets were recovered after the charge-off for a leasing operation, when such assets are incorporated into the asset.

Any renegotiation of a credit already written off does not give rise to income, as long as the operation remains to have an impaired quality; the actual payments received must be treated as recoveries of credits written off, as indicated above.

Therefore, renegotiated credit can be recorded as an asset only if it has not deteriorated quality; also recognizing revenue from activation must be recorded like recovery of loans.

The same criteria should apply in the case that was give credit to pay a charge-off loan.

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

2.	Main Accounting Criteria Used, continued:
(g)	Impairment due to credit risk of Financial assets at amortized cost and Financial assets at fair valuethrough other comprehensive income (FVOCI):
---	---

In accordance with the established in Chapter A-2 of the CASB 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 Chapters B-1 to B-3 of the CASB.

For the rest of the financial assets measured at Amortized Cost or FVOCI, 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 is at amortized cost or at FVOCI 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 carried out in accordance with a general impairment model that is based on the existence of 3 possible phases of the financial asset, the existence or not of a significant increase in credit risk and the condition of impairment. The 3 phases 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. Each phase is listed below:

Phase 1: 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 on the balance sheet.

Phase 2: 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 on the balance sheet.

Phase 3: 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 a value correction for losses to financial assets that are measured at fair value through other comprehensive income in accordance with IFRS 9. This value adjustment for losses 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 accumulated loss recognized in OCI is recycled in results when derecognizing the financial assets.

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

2.	Main Accounting Criteria Used, continued:

(h)	Financial liabilities:

Classification of financial liabilities:

Financial liabilities are classified in the following categories:

-	Financial liabilities at amortized cost;
-	Financial liabilities held for trading at fair value through profit or loss: Financial instruments are<br>recorded in this item when the Bank’s objective is to generate profits through purchases and sales with these instruments. This item includes<br>financial derivative trading contracts that are liabilities, which will be measured subsequently at fair value.
---	---
-	Financial liabilities designated as 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 value through profit or loss if the application<br>of this criterion eliminates or significantly 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 evaluated, based on fair value in line<br>with a risk management or investment strategy.
---	---

Valuation of financial liabilities:

Initial valuation:

They are initially recorded at fair value, less transaction costs that are directly attributable to the issuance of the instruments. Variations in the value of financial liabilities due to the accrual of interest, UF indexation and similar concepts are recorded under the headings “Interest expenses” and “UF indexation expenses” of the Consolidated Income Statement for the period in which the accrual occurred (see Note No. 30 and No. 31).

Subsequent valuation:

The changes in the valuations 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.

Financial liabilities at amortizedcost:

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

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

2.	Main Accounting Criteria Used, continued:
(i)	Derecognition of financial assets and liabilities:
---	---

The Bank and its subsidiaries derecognize a financial asset from its Statement of Financial Position, when the contractual rights to the cash flows of the financial asset have expired or when the contractual rights to receive the cash flows of the financial asset are transferred during a transaction in which all ownership risks and rewards of the financial asset are transferred. Any portion of 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 ownership. In this case:

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

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

2.	Main Accounting Criteria Used, continued:
(j)	Compensation of financial assets and liabilities:
---	---

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

Income and expenses are presented net only when permitted by 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 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 the Chilean peso, which is the currency of the primary economic environment in which the Bank operates, and also obeys the currency that influences the cost and income structure.

(l)	Transactions in foreign currency:

Transactions in currencies other than the functional currency are considered to be in foreign currency and are initially recorded at the exchange rate of the functional currency on the transaction date. Monetary assets and liabilities denominated in foreign currencies are converted using the exchange rate of the functional currency as of the date of the Consolidated Statement of Financial Position. All differences are recorded as a debit or credit to income.

As of September 30, 2024 and 2023, the Bank and its subsidiaries applied the exchange rate of accounting representation according to the standards issued by the CMF, for which the assets in dollars are shown at their equivalent value in Chilean pesos calculated using the following market exchange rate Ch$897.92 per US$1 (Ch$889.82 per US$1 as of September 30, 2023).

As of September 30, 2024, the amount of Ch$77,440 million corresponding to a net financial profit from exchange, indexation and accounting hedging of foreign currency (net gain of Ch$110,773 million as of September 30, 2023) shown in the Consolidated Statements of Income, includes the result from exchange operations, indexation and accounting hedges of foreign currency, including the conversion of assets and liabilities in foreign currency or indexed to the exchange rate.

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

2.	Main Accounting Criteria Used, continued:

(m)	Operating Segments:

The Bank discloses information by segment in accordance with IFRS 8 (Note No. 6). The Bank’s operating segments are determined based on its different business units, considering the following:

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

The Consolidated Statement of Cash Flows shows the changes in cash and cash equivalents derived from operating activities, investment and financing activities during the year. The indirect method has been used in the preparation of this statement of cash flows.

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

-	Cash and cash equivalents: corresponds to the item “Cash and deposits in banks”, plus (minus)<br>the net balance corresponding to operations with liquidation in progress that are shown in the Consolidated Statement of Financial Position,<br>plus other cash equivalents such as investments 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 the date of acquisition, be highly liquid, easily<br>convertible into amounts known amounts of cash as of the date of the initial investment, and that the financial instruments are exposed<br>to an insignificant risk of changes in value.
-	Operating activities: corresponds to normal activities of the Bank, as well as other activities that cannot<br>classify like investing or financing activities.
---	---
-	Investing activities: correspond to the acquisition, sale or disposition other forms, of long-term assets<br>and other investments not included in cash and cash equivalents.
---	---
-	Financing activities: corresponds to the activities that produce changes in the amount and composition<br>of the equity and the liabilities that are not included in the operating or investing activities.
---	---

NOTES TOTHE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

2.	Main Accounting Criteria Used, continued:
(o)	Financial derivative contracts:
---	---

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, for cover the exposition of risk of foreign currency and interest rate. These contracts are recorded in the Consolidated Statement of Financial Position at their cost (included transactions costs) and subsequently measured at fair value. Derivative instruments are reported as an asset when their fair value is positive and as a liability when negative under the item “Derivative Instruments”.

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

Additionally, the Bank includes in the valuation 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 main contract and if the contract in its entirety is not recorded at its fair value with its unrealized gains and losses included in income.

(p)	Financial derivative contracts for accounting hedges:

The Bank has chosen to continue applying the hedge accounting requirements of IAS 39 when adopting IFRS 9.

At the moment of subscription of a derivative contract must be designated by the Bank as a derivative instrument for trading or hedging purposes.

If a derivative instrument is classified as a hedging instrument, it can be:

-	A hedge of the fair value of existing assets or liabilities or firm commitments, or;
-	A hedge of cash flows related to existing assets or liabilities or forecasted transactions.
---	---

A hedge relationship for accounting hedges purposes must comply with all of the following conditions:

-	at its inception, the hedge relationship has been formally documented;
-	it is expected that the hedge will be highly effective;
---	---
-	the effectiveness of the hedge can be measured in a reasonable manner; and
---	---
-	the hedge is highly effective with respect to the hedged risk on an ongoing basis and throughout the entire<br>hedge relationship.
---	---

NOTES TO THE INTERIM CONSOLIDATEDFINANCIAL STATEMENTS, continued

2.	Main Accounting Criteria Used, 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 hedged instruments do not comply with criteria of cash flow accounting hedges, it expires or is sold, it suspends or executed, this hedge must be discontinued prospectively. Accumulated gains or losses recognized previously in the equity are maintained there until projected transactions occur, in that moment will be registered 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 registered 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”, depend of the hedge).

(q)	Intangible Assets:

Intangible assets (Note No. 15) are initially recognized at their acquisition cost, and are subsequently measured at their cost less any accumulated amortization or less any accumulated impairment losses.

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 recorded in income using the straight-line amortization method based on the estimated useful life of the software, from the date on which it is available for use. The estimated useful life of software is a maximum of 6 years.

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

2.	Main Accounting Criteria Used, continued:
(r)	Property and equipment:
---	---

Property and equipment (Note No. 16) includes the amount of land, real estate, furniture, computer 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 expenses than have been directly attributed to the asset’s acquisition.

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

The estimated average useful lives for the period 2024 and 2023 are as follows:

-	Buildings	50 years
-	Installations	10 years
-	Equipment	5 years
-	Supplies and accessories	5 years

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

(s)	Deferred taxes and income taxes:

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

The Bank and its subsidiaries recognize, when appropriate, deferred tax assets and liabilities for future estimates of tax effects attributable to temporary differences between the book and tax values of assets and liabilities. Deferred tax assets and liabilities are measured based on the tax rate expected to be applied, in accordance with current tax law, in the year that deferred tax assets are realized or liabilities are settled. The effects of future changes in tax legislation or tax rates are recognized in deferred taxes starting on the date of publication of the law approving such changes (Note No. 18).

Deferred tax assets are recognized only when it is likely that future tax profits will be sufficient to recover deductions for temporary differences. According to instructions from the CMF, deferred taxes are presented in the Consolidated Statement of Financial Position according with IAS 12 “Income Tax”.

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

2.	Main Accounting Criteria Used, 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:

-	a present obligation has arisen from a past event;
-	as of the date of the Financial Statements it is probable that the Bank or its subsidiaries have to disburse<br>resources to settle the obligation; and
---	---
-	the amount of these resources can be reliably measured.
---	---

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 credits 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 clients.

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

-	Undrawn credit lines: Considers the unused amounts of lines of credit that allow customers to make use<br>of credit without prior decisions by the bank.
-	Undrawn credit lines with immediate termination: Considers those undrawn credit lines, defined in the<br>previous numeral, that the bank can unconditionally cancel at any time and without prior notice, or for which its automatic cancellation<br>is contemplated in case of deterioration of the debtor’s solvency, as permitted by the current legal framework and the contractual conditions<br>established between the parties.
---	---
-	Contingent credits linked to the CAE: Correspond to credit commitments granted in accordance with Law<br>No. 20,027 (“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 merchandise circulation operations (for example, confirmed foreign or documentary letters of credit). Includes documentary letters<br>of credit issued 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.
---	---

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

2.	Main Accounting Criteria Used,continued:
-	Transactions related to contingent events: Guarantee bonds with promissory notes referred to in Chapter<br>8-11 of the Actualized Standards Compilation are considered.
---	---
-	Warranty by endorsement and sureties: Includes warranty by endorsement, sureties and standby letters of<br>credit referred to in Chapter 8-10 of the Actualized Standards Compilation. In addition, it includes the payment guarantees of buyers<br>in factoring operations, as indicated in Chapter 8-38 of that Compilation.
---	---
-	Other credit commitments: It includes the unplaced amounts of committed loans that are to be disbursed<br>on an agreed future date or triggered by events contractually defined with the client, 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 provisions for contingent credits, the amount of exposure to be considered will be equivalent to the percentage of the amounts of the contingent credits indicated below:

Type of contingent credit
Undrawn credit lines with immediate termination	10	%
Contingent credits linked to the 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	%
Warranty by endorsement 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 its contingent loans.

(u)	Provisions for minimum dividends:

According with the CASB of the CMF, the Bank records within liabilities the portion of net income for the year that should be distributed to comply with the Corporations Law or its dividend policy. For these purposes, the Bank establishes a provision in a complementary equity account within retained earnings (Note No. 25).

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

NOTES TO THE INTERIM CONSOLIDATEDFINANCIAL STATEMENTS, continued

2.	Main Accounting Criteria Used,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 No. 24 (c)).

-	Staff vacations

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

-	Other short-term benefits

The entity contemplates for its employees an annual incentive plan for meeting objectives and individual contribution to the company’s results, which are eventually delivered, consisting of a certain number or portion of monthly salaries and are provisioned 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 permanence, in the event that they retired from the Institution. 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 incorporated into this obligation.

The obligations of this benefit plan are valued 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, 2024 and 5.77% as of December 31, 2023).

The discount rate used corresponds to the rate of 10-year Bonds in 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.

NOTES TO THE INTERIM CONSOLIDATEDFINANCIAL STATEMENTS, continued

2.	Main Accounting Criteria Used,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, 2024 and 2023 there are no concepts to adjust.

(x)	Interest revenue and expense and UF indexation:

Interest income and expenses and UF indexation (Notes No. 30 and No. 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 form part of the effective interest rate. Transaction costs include incremental costs that are directly attributable to the purchase or issuance of a financial asset or liability.

In the case of the impaired portfolio and current loans with a high risk of irrecoverability 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 credit or one of its installments has been 90 days default in its payment.

(y)	Commission income and expenses:

Revenue and expenses from fees (Note No. 32) are recognized in the Consolidated Income Statement 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 credit operations 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>In the case of loan commitments, when there is no certainty of the date of effective placement, the commissions are recognized in the<br>period of the commitment that originates it on a linear basis.
---	---

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

2.	Main Accounting CriteriaUsed, continued:

The fees registered by the Bank correspond mainly to:

−	Commissions for credit prepayment: These commissions are accrued at the time the credits 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 checking accounts.
---	---
−	Commissions for warranty by endorsement and letters of credit: These commissions are accrued in the period<br>related to 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 administration 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: Income from brokerage and insurance advice<br>by the Bank or its subsidiaries is included.
---	---
−	Commissions for factoring operations services: Commissions for factoring operations services performed<br>by the Bank are included.
---	---
−	Commissions for financial consulting services: commissions for financial advisory services performed by<br>the Bank and its subsidiary are included.
---	---
−	Other commissions earned: 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: commissions paid for credit and debit card operations are included.
---	---
−	Commissions for licensing the use of card brands.
---	---
−	Expenses for obligations of loyalty and merits programs for card customers.
---	---
−	Commissions for operations with securities: commissions for deposit and custody of securities and brokerage<br>of securities are included.
---	---
−	Other commissions for services received: Commissions are included for guarantees and endorsements of Bank<br>obligations, 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.
---	---

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

2.	Main Accounting CriteriaUsed, 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, the recoverable amount of the asset is then 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 No. 17).

On the start date 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 losses due to impairment of value, depreciation of the right-of-use asset, is recognized in the Consolidated Statements of Income based on the linear depreciation method from the start date and until the end of the lease term.

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

2.	Main Accounting CriteriaUsed, continued:

The monthly variation of the UF for the contracts established in said monetary unit should be treated as a new measurement, therefore the UF readjustment modifies the value of the lease liability, and in parallel, the amount of the right-of-use asset must be adjusted by this effect.

After the start date, the lease liability is measured by lowering the carrying amount to reflect the lease payments made and the modifications to the lease.

According to IFRS 16 “Leases” the Bank does not apply this rule to contracts whose duration 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 provisions:

In accordance to the CMF regulations, the banks have recorded 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.

The provisions made in order to forestall the risk of macroeconomic fluctuations should anticipate situations reversal of expansionary economic cycles in the future, could translate into a worsening in the conditions of the economic environment and thus, function as a countercyclical mechanism accumulation of additional provisions when the scenario is favorable and release or assignment to specific provisions when environmental conditions deteriorate.

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

As of September 30, 2024, the balance of additional provisions amounts to Ch$700,252 million (Ch$700,252 million in December 2023), which are presented in the caption “Special Provisions for Credit Risk” of liabilities in the Interim 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, independent 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.

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

2.	Main Accounting CriteriaUsed, 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 chosen 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 incomes.

On the other hand, it should be noted that the Bank has financial assets and liabilities 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 No. 44.

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

3.	New Accounting Pronouncements Issued and Adopted, or Issued that have not yet been Adopted:

Standards approved and/or modifiedby the International Accounting Standards Board (IASB) and by the Commission for the Financial Market (CMF):

Standards and interpretations thathave 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:

-	Accounting standards issued by IASB.

IFRS 16 Leases. Recognition ofthe lease liability in a sale with leaseback.

In September 2022, the IASB published an amendment to IFRS 16 related to the recognition of the lease liability in a sale with leaseback.

The amendment specifies the requirements that a seller-lessee must use to measure the lease liability that arises on sale and leaseback so that the seller-lessee does not recognize any gain or loss related to the right of use that it retains.

The modifications are effective for the periods of presentation of the Interim Consolidated Financial Statements that begin on or after January 1, 2024, and early application is allowed.

The implementation of this amendment will have no impact for Banco de Chile and its subsidiaries.

IAS 7 Statement of Cash Flows andIFRS 7 Financial Instruments Disclosures - Supplier Financing Arrangements.

In May 2023, the IASB issued amendments to IAS 7 and IFRS 7. The amendments specify the current requirements to enhance the disclosure in the financial statements of supplier financing arrangements concerning liabilities, cash flows, and a company’s exposure to liquidity risk.

The amendments are effective for periods beginning on or after January 1, 2024, and early application is permitted.

The implementation of this amendment had no impact for Banco de Chile and its subsidiaries.

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

3.	New Accounting Pronouncements Issued and Adopted, or Issued that have not yet been Adopted, continued:

Accounting standards issued byCMF.

Circular No. 2,355. Modifies thechapter 11-6 of the updated compilation of standards for banks and the Circular No.8 for subsidiaries, regulations for the subsidiariesof banks of the article 70 letter b) and the general law of the banks in the payment card industry.

On date July 30, 2024, the CMF published Circular No. 2,355 that establish the norms for the subsidiaries of the banks that operate payment cards, aligning those with the existing rules of other card payment operators. These norms require that such subsidiaries subscribe in the unique register of card payment operators and comply with the instructions of the Circular No. 1, adapted to their legal environment.

Additionally, this Circular modified the Circular No. 8 of subsidiaries, incorporating information requirements that the payment card operators constituted as subsidiaries of a bank need to send to CMF. These requirements are related to cyber security, risk policies, significant events among others.

The instructions established in this circular took effect on July 30, 2024.

Given that the bank still is in the process of setting up its payment card operator subsidiary B-Pago S.A., the implementation of the new norms has not generated any impact so far.

Circulars issued in the processof implementing the Basel III standards.

During the year 2024, the CMF has issued the following standards related to the implementation of Basel III:

On February 9, 2024**,** Circular No. 2,344 was published, which provides clarifications to Chapter 21-20 of the Updated Compilation of Standards (“RAN” for its initials in Spanish), on dispositions related to the promotion of market discipline and financial transparency through of the disclosure of significant and timely information from banking entities to market agents, as defined by the Basel Committee on Banking Supervision, for the standard commonly called “Pillar 3”. The changes will apply from the Pillar 3 report that must be published with information that refers to the first quarter of 2024, and it is not required to rectify previous reports.

In accordance with the requirements of this circular, the changes were applied to the Pillar 3 report.

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

3.	New Accounting Pronouncements Issued and Adopted, or Issued that have not yet been Adopted, continued:

New Standards and interpretationsthat have been issued but their application date is not yet in force:

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, 2024, as follows:

-	Accountingstandards issued by IASB.

IAS 28 Investments in Associatesand Joint Venture and IFRS 10 Consolidated Financial Statements.

In September 2014, the IASB published this modification, which clarifies the scope of the profits 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. Therefore, 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 modification in the future, allowing its immediate application.

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

IAS 21 Effects of Changes in ForeignExchange Rates.

In August 2023, the IASB published amendments to IAS 21. These amendments set out criteria that will allow companies to assess whether a currency is exchangeable and when it is not so, they can determine the exchange rate to use and the disclosures to provide.

The amendments are effective for periods beginning on or after January 1, 2025, and early application is permitted.

As of the date of issuance of these Interim Consolidated Financial Statements, the implementation of this new standard will not have impacts for the Bank or its subsidiaries.

IFRS 18 – Presentation andDisclosure in Financial Statements.

In April 2024, IASB published 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 presented and disclosed information 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).

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

3.	New Accounting Pronouncements Issued and Adopted, or Issued that have not yet been Adopted, continued:

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

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

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

Due to these Interim Consolidated Financial Statements being prepared according to CMF norms defined in CASB, the adoption of this standard is conditional to the modification of the CASB.

IFRS 19 – Subsidiaries withoutPublic Accountability: Disclosures

In May 2024, the IASB published the new accounting standard IFRS 19 Subsidiaries without Public Accountability: Disclosures that will be effective for annual accounting periods beginning on or after January 1, 2027 with earlier application 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 has debt instruments or capital that is subject<br>to trade on a public market or if it is in the process of issuing such instruments to negotiate on a public market; or
-	Manages fiduciary assets for a broad group of<br>external people as one of its principal businesses.
---	---

A subsidiary is eligible and can apply IFRS 19 in its consolidated or individual financial statements if:

-	It does not have public responsability; and
-	Its ultimate parent company or any other intermediate<br>parent company issued consolidated financial statements that are available for public use and comply with the IFRS.
---	---

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

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

3.	New Accounting Pronouncements Issued and Adopted, or Issued that have not yet been Adopted, continued:

IFRS 9 and IFRS 7 Classificationand Measurement of Financial Instruments

In May 2024, the IASB issued amendments to the classification and measurement requirements of IFRS 9, “Financial Instruments”, and to the disclosure requirements required by IFRS 7, “Financial Instruments: Disclosure Information” according to the following:

Derecognition of financial liabilitiessettled 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.

Classification of 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” characteristics if an entity’s ultimate right to receive cash flows is contractually limited to the cash flows generated by specific assets.

Disclosures

An entity is required to disclose the fair value gain or loss presented in other comprehensive income during the period, separately demonstrating the fair value gain or loss that relates to investments derecognised in the period and the fair value gain or loss of the fair value that relates to the 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 ESG).

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

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

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

3.	New Accounting Pronouncements Issued and Adopted, or Issued that have not yet been Adopted, continued:

Annual improvements to IFRS.

In July 2024, the IASB published the draft Annual Improvements to IFRS accounting standards.

The IASB uses the annual improvement process to make necessary, but non-urgent, amendments to IFRS that will not be included as part of any other project. By presenting the amendments in a single document rather than as a series of fragmented changes, the IASB aims to ease the burden of the changes on all stakeholders. Below is a summary of the issues addressed:

●	IFRS 7 Financial Instruments: Information to be disclosed, gains or losses from derecognition,<br>IFRS 7 is modified to replace obsolete references to paragraphs of IFRS 13 to be consistent with the wording of the latter standard.
●	Implementation Guide for IFRS 7 Financial Instruments: Disclosure Information, modifies the wording<br>of the Implementation Guide to be consistent with the requirements of IFRS 7 and with the wording and concepts of IFRS 9 and IFRS 13.<br>Clarifies that The implementation guide does not necessarily illustrate all the requirements of IFRS 7.
---	---
●	IFRS 9 Financial Instruments, derecognition of financial lease liabilities. IFRS 9 is amended by<br>adding a cross-reference to clarify that when a lease liability has been extinguished in accordance with IFRS 9, the lessee must recognize<br>any residual difference in results.
---	---

Transaction price; due to an inconsistency amends IFRS 9 to replace the paragraph that reads “its transaction price (as defined in IFRS 15 “Revenue from contracts with customers”)” with “the amount determined applying IFRS 15”.

●	IFRS 10 Consolidated Financial Statements, determination of the existence of a “de facto<br>agent”. Amends IFRS 10 “Consolidated Financial Statements” to clarify an example where judgment is required to determine<br>whether a party is acting as a de facto agent.

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

The Bank is analyzing its impact.

-	Accountingstandards issued by CMF.

Circular No. 2,346. Standard modelof provisions for consumer loans. Modifies Chapter B-1 “Provisions for credit risk” and Chapter E “Transitional disposition”of the CNCB.

On March 6, 2024, the CMF published this circular that introduces the regulations that establish the Standardized Methodology for computing Provisions 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 provisions.

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

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

3.	New Accounting Pronouncements Issued and Adopted, or Issued that have not yet been Adopted, continued:

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

The regulations of the standard provision model for consumer loans will come into force as of the accounting close of January 2025. Until that date, banks will continue to estimate the provisions of this portfolio only through their internal methodologies. The impact of the first application must be recorded in the entity’s income statement.

Based on the information available at the date of issuance of these Interim Consolidated Financial Statements, it is estimated that the adoption of this new methodology would mean a charge to results of the order of Ch$64,000 million before tax. To address this impact, the Bank has resolved to release additional provisions for an equivalent amount at the time of implementing the new methodology.

Circular No. 2,347. Precisionsof information requirements on subsidiaries, branches abroad and Banking Support Companies.

On April 24, 2024, the CMF published 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 will be from the first quarter of 2025.

The Bank carried out an analysis and is implementing the necessary measures to comply with this information requirement.

Circulars issued in the processof implementing the Basel III standards.

During the year 2024, the CMF has issued the following standards related to the implementation of Basel III:

On February 9, 2024, Circular No. 2,343 was published, the regulations modify Chapter 21-11 “Factors and methodology for Banks or group of banks classified as systemically important and requirements that may be imposed as a consequence of this qualification” of the Updated Compilation of Standards (“RAN” for its initials in Spanish), regarding the lower threshold to determine systemic banks. Additionally, adjustments are made to File R11 “Rating of systemically important banks”, and to Tables 11 “Institutional composition” and 106 “Sub-factors of the Systemically Important Index” of the Information System Manual (“MSI” for its initials in Spanish).

4.	Accounting Changes:

During the period ended September 30, 2024, there have been no material or relative importance changes in accounting that affect the presentation of these Interim Consolidated Financial Statements.

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

5.	Relevant Events:
a)	During the period 2024 Banco de Chile has reported as essential fact the following placements in the local<br>market of senior, dematerialized and bearer bonds issued by Banco de Chile and registered in the Securities Registry of the Financial<br>Market Commission:
---	---
Date	Registration number in the Securities Registry	Serie	Amount		Currency	Maturity date	Average rate
---	---	---	---	---	---	---	---	---	---
January 15, 2024	11/2022	EZ		3,100,000	UF	05/01/2028		3.72	%
January 16, 2024	11/2022	EZ		900,000	UF	05/01/2028		3.72	%
January 31, 2024	11/2015	CE		600,000	UF	12/01/2031		3.20	%
February 8, 2024	11/2015	CH		200,000	UF	12/01/2032		3.15	%
March 15, 2024	11/2022	FA		910,000	UF	08/01/2028		3.25	%
March 21, 2024	11/2022	FA		550,000	UF	08/01/2028		3.32	%
March 22, 2024	11/2022	EY		350,000	UF	04/01/2028		3.29	%
March 25, 2024	11/2022	FA		400,000	UF	08/01/2028		3.29	%
March 26, 2024	11/2022	GG		350,000	UF	05/01/2035		3.35	%
March 27, 2024	11/2022	FA		100,000	UF	08/01/2028		3.24	%
April 4, 2024	11/2022	EY		500.000	UF	04/01/2028		3.28	%
April 12, 2024	11/2022	EX		250,000	UF	07/01/2025		3.10	%
April 17, 2024	11/2022	EX		400,000	UF	07/01/2025		3.02	%
May 8, 2024 (*)	20240002	HX		850,000	UF	12/01/2044		3.49	%
May 9, 2024 (*)	20240002	HX		300,000	UF	12/01/2044		3.49	%
May 17, 2024 (*)	20240002	HX		150,000	UF	12/01/2044		3.46	%
May 22, 2024 (*)	20240002	HX		400,000	UF	12/01/2044		3.46	%
June 4, 2024 (*)	20240002	HX		1,000,000	UF	12/01/2044		3.55	%
June 6, 2024	11/2022	FO		100,000	UF	01/01/2032		3.48	%
June 10, 2024	11/2022	EY		100,000	UF	04/01/2028		3.20	%
June 11, 2024	11/2022	GG		240,000	UF	05/01/2035		3.53	%
June 12, 2024	11/2022	FB		590,000	UF	04/01/2029		3.35	%
July 9, 2024	11/2022	EY		350,000	UF	04/01/2028		3.29	%
July 9, 2024	11/2022	FB		1,100,000	UF	04/01/2029		3.50	%
July 9, 2024	11/2022	FB		50,000	UF	04/01/2029		3.49	%
July 10, 2024	11/2022	FB		150,000	UF	04/01/2029		3.45	%
July 11, 2024	11/2022	FC		1,050,000	UF	01/01/2030		3.47	%
July 12, 2024	11/2022	FC		200,000	UF	01/01/2030		3.43	%
July 18, 2024 (*)	20240002	HX		200,000	UF	12/01/2044		3.50	%
July 23, 2024	11/2022	FB		700,000	UF	04/01/2029		3.23	%
July 24, 2024	11/2022	FA		500,000	UF	08/01/2028		3.04	%
September 27, 2024	11/2022	FO		500,000	UF	01/01/2032		2.50	%
September 30, 2024 (*)	20240002	HX		2,100,000	UF	12/01/2044		2.36	%
(*)	The bonds have been registered under the Automatic Registration<br>modality, with the registration number dated April 5, 2024.
---	---

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

5.	Relevant Events, continued:
b)	On January 25, 2024, the Board of Directors of Banco de Chile agreed to convene an Ordinary Shareholders’<br>Meeting for March 28, 2024 in order to propose, among other matters, the following distribution of profits for the year ended on December<br>31, 2023:
---	---
a)	Deduct and withhold from the net income of the year, an amount equivalent to the effect of inflation of<br>the paid capital and reserves according to the variation of the Consumer Price Index that occurred between November 2022 and November<br>2023, amounting to Ch$223,719,568,421 which will be added to retained earnings from previous periods.
---	---
b)	Distribute 80% in the form of dividend the remaining profit, corresponding to a dividend of Ch$8.07716286860<br>to each of the 101,017,081,114 shares of the Bank.
---	---

Consequently, it will be proposed a distribution as dividend of 65.6% of the profits for the year ending December 31, 2023.

c)	During the period 2024 Banco de Chile has reported as an essential fact the following placements in the<br>foreign market, issued under its Medium Term Notes Program (“MTN”):
Date	Amount	Currency	Maturity date	Average rate
---	---	---	---	---	---	---
February 2, 2024	433,000,000	HKD	02/09/2034		4.22	%
d)	On March 28, 2024, during the Bank’s Ordinary Shareholders’ Meeting, the definitive appointment of Mr.<br>Patricio Jottar Nasrallah as a Regular Director of Banco de Chile was made, a position he will hold until the next renewal of the Board<br>of Directors.
---	---
e)	On March 28, 2024, the subsidiary Banchile Corredores de Seguros Ltda. reported that the general manager,<br>Mr. Jorge Yoma Rojas, will leave his position on April 15, 2024. Mr. Patricio Salles Delporte will take over as his replacement.
---	---
f)	On July 5, 2024, in its resolution, Chilean Commission for the Financial Markets (¨CMF¨) decided<br>to execute the agreement of its committee that authorized the bank together with its subsidiary Banchile Asesoría Financiera S.A.<br>to constitute a company Operadora de Tarjetas as a subsidiary of the Bank. At the session on July 11, 2024, the board of directors approved<br>to form the company.
---	---
g)	On July 19, 2024, the subsidiary Banchile Corredores de Bolsa informed as a significant event that at<br>the session on that date, the board of directors approved the resignation of Mr Juan Bissone as the director of the company.
---	---
h)	On July 29, 2024, the public deed of incorporation of the subsidiary of Banco de Chile, Operadora de Tarjetas<br>B-Pago S.A., was signed in the Santiago Notary Office of Mrs. María Pilar Gutiérrez Rivera. of its name, with domicile in<br>the city of Santiago and of whose capital belongs to the Bank 99.9% and to Banchile Asesoría Financiera S.A. 0.1%.
---	---

In relation to the above, by resolution of July 5, 2024, the Financial Market Commission decided to execute the agreement of its Board that authorized the Bank, together with the subsidiary company Banchile Asesoría Financiera S.A. to establish the company that has been indicated, as a subsidiary company of the Bank, in accordance with the provisions of letter b) of article 70 of the General Banking Law, in addition to approving its statutes

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

5.	Relevant Events, continued:
i)	On August 20, 2024, the subsidiary Banchile Corredores de Bolsa S.A. reported that the Board of Directors<br>approved the Policy for Regular Operations with Related Parties, in accordance with the provisions of literal b) of the second paragraph<br>of article 147 of the Law on Public Limited Companies.
---	---

This policy is available to interested parties and the general public at the offices of Banchile Corredores de Bolsa S.A. and in the “Regulatory and Financial Information” section of the website www.banchileinversiones.cl.

j)	On August 20, 2024, the subsidiary Banchile Corredores de Bolsa S.A. informed that in the session celebrated<br>on that date, the board of directors designated as director Mr David Conzález Oviedo.
k)	On August 26, 2024, the subsidiary Banchile Administradora General de Fondos S.A. informed that its board<br>of directors approved the new policy of usual operations with related parties, in accordance with the provisions set forth in literal<br>b) of article 147 of Law No. 18,046 on Public Limited Companies and in Title I of General Standard No. 501 of the Financial Market Commission.
---	---

This policy is available to interested parties and the general public at the offices of Banchile Gestión General de Fondos S.A. and in the “Regulatory and Financial Information” section of the website www.banchileinversiones.cl

l)	On August 26, 2024, the subsidiary Banchile Administratora General de Fondos S.A. reported that in a session<br>held on that date, the Board of Directors became aware and accepted the resignation presented by the Director, Mr. Francisco Brancoli<br>Bravo.

Given the above, the Board of Directors agreed to appoint Ms. Paola Alam Auad as Director of Banchile Administrator General of Funds S.A.

On August 28, 2024, Banco de Chile reported that a new Usual Operations Policy has been approved in accordance with the provisions set forth in literal b) of article 147 that has been cited and in Title I of the Regulation. General Character No. 501 of the Financial Market Commission. The new Usual Operations Policy indicated will be available to interested parties and the general public at the corporate offices and on the website www.bancochile.cl, Our Bank/Corporate Government section.

On September 26, 2024, at a Board meeting, it was agreed to accept the binding purchase offer presented by the Chamber of Commerce of Santiago A.G. for 100% of the shares of Artikos Chile S.A. (“Artikos”), a business support company in which Banco de Chile owns 50% of its shares, while the remaining 50% belongs to Banco de Crédito e Inversiones (together with the Bank as the “Shareholders”). ”).

---

The transaction is subject to both Shareholders selling 100% of the Artikos shares and compliance with various suspensive conditions, among which are the authorization of the CMF for the sale of 100% of the Artikos shares and that, If necessary, the transaction is approved by the National Economic Prosecutor’s Office.

Once all the conditions have been met and the mentioned authorizations have been obtained, the sale of all Artikos shares will proceed.

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:	This segment focuses on individuals and small and medium-sized companies (SMEs) with annual sales up to<br>UF 70,000, where the product offering focuses primarily on consumer loans, commercial loans, checking accounts, credit cards, credit lines<br>and Residential mortgage loans.
Wholesale:	This segment focused on corporate clients and large companies, whose annual revenue exceed UF 70,000,<br>where the product offering focuses primarily on commercial loans, checking accounts and liquidity management services, debt instruments,<br>foreign trade, derivative contracts and leases.
---	---
Treasury:	This segment includes the associated revenues to the management of the investment portfolio and the business<br>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.

Subsidiaries:	Corresponds to the businesses generated by the companies controlled by the Bank, which carry out activities<br>complementary to the bank business. The companies that comprise this segment are:
-	Banchile Administradora General de Fondos S.A.
---	---
-	Banchile Asesoría Financiera S.A.
-	Banchile Corredores de Seguros Ltda.
-	Banchile Corredores de Bolsa S.A.
-	Socofin S.A.
-	Sociedad Operadora de Tarjetas B-Pago S.A.

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

6.	Business Segments, 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 net interest margin of loans and deposits is obtained<br>aggregating the net financial margins of each individual operation of credit and uptake made by the bank. For these purposes, the volume<br>of each operation and its contribution margin are considered, which in turn corresponds to the difference between the effective rate<br>of the customer and the internal transfer price established according to the term and currency of each operation. Additionally, the net<br>margin includes the result of interest and indexation from the accounting hedges.
●	Provisions for credit risk are determined at the customer<br>and counterparty level based on the characteristics of each of their operations. In the case of additional provisions, these are assigned<br>to the different business segments based on the credit risk weighted assets that each segment has.
---	---
●	The capital and its financial impacts on outcome have been<br>assigned to each segment based on the risk-weighted assets.
---	---
●	Operational expenses are reflected at the level of the different<br>functional areas of the Bank. The allocation of expenses from functional areas to business segments is done using different allocation<br>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, 2024 and 2023 there was no income from transactions with a customer or counterparty that accounted for 10% or more of the Bank’s total revenues.

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

6.	Business Segments, continued:

The following table presents the income by segment for the periods ended between January 1, and September 30, 2024 and 2023 for each of the segments defined above:

	Retail						Wholesale						Treasury						Subsidiaries						Subtotal						Consolidation adjustment						Total
	September			September			September			September			September			September			September			September			September			September			September			September			September			September
	2024			2023			2024			2023			2024			2023			2024			2023			2024			2023			2024			2023			2024			2023
	MCh$			MCh$			MCh$			MCh$			MCh$			MCh$			MCh$			MCh$			MCh$			MCh$			MCh$			MCh$			MCh$			MCh$
Net interest revenue (expense) and UF indexation		1,120,996			1,014,606			554,895			569,445			(87,796	)		(246,133	)		(3,785	)		(9,053	)		1,584,310			1,328,865			939			272			1,585,249			1,329,137
Net commissions revenue (expense)		249,215			248,439			64,836			54,094			941			449			139,754			127,541			454,746			430,523			(27,513	)		(24,497	)		427,233			406,026
Profit (loss) of financial operations		300			330			11,005			17,094			114,064			195,363			23,110			27,471			148,479			240,258			(939	)		(225	)		147,540			240,033
Foreign currency changes, indexation and accounting hedge		7,672			9,051			23,900			25,175			26,417			56,382			19,451			20,165			77,440			110,773			—			—			77,440			110,773
Other income		28,214			28,712			4,558			10,011			—			—			2,501			2,712			35,273			41,435			(7,686	)		(4,950	)		27,587			36,485
Income attributable to investments in other companies		4,178			5,665			2,287			2,362			255			262			364			1,068			7,084			9,357			—			—			7,084			9,357
Total operating revenue		1,410,575			1,306,803			661,481			678,181			53,881			6,323			181,395			169,904			2,307,332			2,161,211			(35,199	)		(29,400	)		2,272,133			2,131,811
Expenses from salaries and employee benefits		(272,049	)		(263,119	)		(79,033	)		(76,722	)		(2,152	)		(2,078	)		(66,150	)		(63,731	)		(419,384	)		(405,650	)		15			15			(419,369	)		(405,635	)
Administrative expenses		(253,824	)		(242,840	)		(56,749	)		(55,603	)		(1,419	)		(1,538	)		(35,954	)		(28,054	)		(347,946	)		(328,035	)		34,479			28,649			(313,467	)		(299,386	)
Depreciation and amortization		(59,040	)		(57,173	)		(6,000	)		(6,396	)		(411	)		(346	)		(5,500	)		(4,873	)		(70,951	)		(68,788	)		—			—			(70,951	)		(68,788	)
Impairment of non-financial assets		(27	)		(21	)		—			(5	)		—			—			(1,444	)		(86	)		(1,471	)		(112	)		—			—			(1,471	)		(112	)
Other operating expenses		(17,608	)		(17,883	)		(6,382	)		(4,790	)		(2	)		(3	)		(1,043	)		(1,338	)		(25,035	)		(24,014	)		705			736			(24,330	)		(23,278	)
Total operating expenses		(602,548	)		(581,036	)		(148,164	)		(143,516	)		(3,984	)		(3,965	)		(110,091	)		(98,082	)		(864,787	)		(826,599	)		35,199			29,400			(829,588	)		(797,199	)
Expenses for credit losses		(270,343	)		(251,544	)		(19,209	)		15,136			1,094			3,057			—			—			(288,458	)		(233,351	)		—			—			(288,458	)		(233,351	)
Income from operations		537,684			474,223			494,108			549,801			50,991			5,415			71,304			71,822			1,154,087			1,101,261			—			—			1,154,087			1,101,261
Income taxes																																						(244,761	)		(243,170	)
Income after income taxes																																						909,326			858,091

The following table presents assets and liabilities of the periods ended September 30, 2024 and December 31, 2023 by each segment defined above:

	Retail				Wholesale				Treasury				Subsidiaries				Subtotal				Consolidation adjustment						Total
	September		December		September		December		September		December		September		December		September		December		September			December			September		December
	2024		2023		2024		2023		2024		2023		2024		2023		2024		2023		2024			2023			2024		2023
	MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$			MCh$			MCh$		MCh$
Assets		24,184,885		23,583,402		13,242,236		13,247,584		12,639,482		17,530,710		1,170,624		986,697		51,237,227		55,348,393		(234,628	)		(236,853	)		51,002,599		55,111,540
Current and deferred taxes																												685,259		681,012
Total assets																												51,687,858		55,792,552
Liabilities		17,714,903		19,123,031		10,397,615		10,671,254		17,366,560		20,219,857		968,318		777,170		46,447,396		50,791,312		(234,628	)		(236,853	)		46,212,768		50,554,459
Current and deferred taxes																												447		808
Total liabilities																												46,213,215		50,555,267

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

7.	Cash and Cash Equivalents:

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

	September			December
	2024			2023
	MCh$			MCh$
Cash and due from banks:
Cash		1,000,562			929,034
Deposit in Chilean Central Bank (*)		304,104			590,426
Deposit in abroad Central Bank		—			—
Deposits in domestic banks		17,449			17,052
Deposits in abroad banks		790,000			928,136
Subtotal – Cash and due from banks		2,112,115			2,464,648
Net transactions in the course of settlement (**)		(28,462	)		58,634
Others cash equivalents (***)		1,657,465			3,020,865
Total cash and cash equivalents		3,741,118			5,544,147

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

	September			December
	2024			2023
	MCh$			MCh$
Assets
Documents drawn on other banks (clearing)		86,534			84,635
Funds receivable		439,378			330,870
Subtotal - assets		525,912			415,505
Liabilities
Funds payable		(554,374	)		(356,871	)
Subtotal - liabilities		(554,374	)		(356,871	)
Net transactions in the course of settlement		(28,462	)		58,634
(*)	The level of funds in cash and in the Central Bank of Chile<br>responds to regulations on reserve requirements that the bank must maintain on average in monthly periods.
---	---
(**)	Ongoing clearance operations correspond to transactions in which<br>only the settlement remains that will increase or decrease the funds in the Central Bank of Chile or in foreign banks, normally within<br>12 or 24 business hours.
---	---
(***)	Refers to financial instruments that meet the criteria to be<br>considered as “cash equivalents” as defined by IAS 7, i.e., to qualify as “cash equivalents” investments in debt<br>financial instruments must be: short-term with an original maturity of 90 days or less from the date of acquisition, highly liquid, readily<br>convertible to known amounts of cash from the date of initial investment, and that the financial instruments are exposed to an insignificant<br>risk of changes in their value.
---	---

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

8.	Financial Assets Held for Trading at Fair Value through Profit<br>or Loss:

The item detail is as follows:

	September		December
	2024		2023
	MCh$		MCh$
Financial derivative contracts		2,086,983		2,035,376
Debt Financial Instruments		1,465,702		3,363,624
Other financial instruments		414,892		409,328
Total		3,967,577		5,808,328
(a)	The Bank as of September 30, 2024 and December 31, 2023, maintains<br>the following asset portfolio of derivative instruments:
---	---
		Notional<br> amount of contract with final expiration date in
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
		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 year and up to 5 years								Over<br> 5 years								Total								Fair Value Assets
		September				December				September				December				September				December				September				December				September				December				September				December				September				December				September				December				September				December
		2024				2023				2024				2023				2024				2023				2024				2023				2024				2023				2024				2023				2024				2023				2024				2023				2024				2023
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$

Currency<br> forward			—				—				4.518.755				3.659.459				1.462.540				2.410.522				2.698.876				2.517.954				674.622				355.774				13.597				13.536				—				—				9.368.390				8.957.245				256.556				212.475
Interest<br> rate swap			—				—				627.952				847.401				2.259.474				1.859.664				6.900.057				6.593.100				6.786.688				7.157.777				4.023.665				3.743.282				4.479.113				4.709.682				25.076.949				24.910.906				672.497				883.689
Interest<br> rate and cross currency swap			—				—				147.122				167.667				243.534				305.181				1.509.317				987.931				2.581.179				2.724.924				1.529.594				1.112.311				2.347.597				2.410.153				8.358.343				7.708.167				1.154.639				934.466
Call<br> currency options			—				—				15.157				7.019				37.356				26.243				47.125				87.429				10.550				7.325				—				—				—				—				110.188				128.016				1.368				3.435
Put<br> currency options			—				—				10.548				3.012				27.544				24.464				30.820				51.132				314				6.558				—				—				—				—				69.226				85.166				1.923				1.311
Total			—				—				5.319.534				4.684.558				4.030.448				4.626.074				11.186.195				10.237.546				10.053.353				10.252.358				5.566.856				4.869.129				6.826.710				7.119.835				42.983.096				41.789.500				2.086.983				2.035.376

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

8.	Financial Assets Held for Trading at Fair Value through Profit or Loss, continued:

b) The detail of the Debt Financial Instruments is the following:

	September		December
	2024		2023
	MCh$		MCh$
Instruments issued by the Chilean Government and Central Bank of Chile
Debt financial instruments from the Central Bank of Chile		1,192,718		2,799,442
Bonds and Promissory notes from the General Treasury of the Republic		154,898		227,871
Other fiscal debt financial instruments		—		—
Other Instruments Issued in Chile
Debt financial instruments from other domestic banks		118,086		336,311
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		—		—
Financial debt instruments from foreign goverments and fiscal entities		—		—
Debt financial instruments from other foreign banks		—		—
Bonds and trade effects from foreign companies		—		—
Total		1,465,702		3,363,624

Under instruments of the State and Central Bank of Chile are classified instruments sold under repurchase agreements to clients and financial institutions, by an amount of Ch$12,006 million as of September 30, 2024 (As of December 31, 2023, there is no amount for this concept). The repurchase agreements have an average maturity of 1 day at the end of the period 2024. As part of the FCIC program, instruments delivered as collateral are included for an approximate amount of Ch$245,620 million as of December 31, 2023.

Instruments sold under repurchase agreements to clients and financial institutions include other debt financial instruments issued in the country, by an amount of Ch$47,676 million as of September 30, 2024 (Ch$121,586 million in December 2023). The repurchase agreements have an average maturity of 7 days at the end of the period 2024 (4 days in 2023).

Additionally, the Bank has investments in own-issued letters of credit for an amount equivalent to Ch$1,184 million as of September 30, 2024 (Ch$1,733 million in December 2023), which are presented as a reduction of the liability item “Debt Financial Instruments Issued”.

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

8.	Financial Assets Held for Trading at Fair Value through Profit or Loss, continued:

c) The detail of other financial instruments is as follows:

	September		December
	2024		2023
	MCh$		MCh$
Mutual fund investments
Funds managed by related companies		400,065		405,752
Funds managed by third-party		—		—
Equity instruments
Domestic equity instruments		13,467		2,058
Foreign equity instruments		—		485
Loans originated and acquired by the entity
Loans and advances to banks		—		—
Commercial loans		—		—
Residential mortgage loans		—		—
Consumer loans		—		—
Others		1,360		1,033
Total		414,892		409,328
9.	Non-trading Financial Assets mandatorily measured at Fair Value through Profit or Loss:
---	---

As of September 30, 2024 and December 31, 2023, 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, 2024 and December 31, 2023, the Bank does not hold financial assets and liabilities designated as at fair value through profit or loss.

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

11.	Financial Assets at Fair Value through Other Comprehensive Income:

The item detail is as follows:

	September		December
	2024		2023
	MCh$		MCh$
Debt Financial Instruments		1,954,644		3,786,525
Other financial instruments		—		—
Total		1,954,644		3,786,525
(a)	As of September 30, 2024 and December 31, 2023,<br>the detail of debt financial instruments is as follows:
---	---
	September		December
---	---	---	---	---
	2024		2023
	MCh$		MCh$
Instruments issued by the Chilean Government and Central Bank of Chile
Debt financial instruments from the Central Bank of Chile		—		473,642
Bonds and Promissory notes from the General Treasury of the Republic		736,118		1,362,510
Other fiscal debt financial instruments		712		1,500
Other Instruments Issued in Chile
Debt financial instruments from other domestic banks		1,119,888		1,681,744
Bonds and trade effects from domestic companies		50,648		59,921
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		44,501		43,294
Debt financial instruments from other foreign banks		—		163,914
Bonds and trade effects from foreign companies		2,777		—
Other debt financial instruments issued abroad		—		—
Total		1,954,644		3,786,525

Instruments of the Government and the Central Bank of Chile include instruments sold under repurchase agreements to clients and financial institutions for an amount of Ch$9,266 million in September 2024 (Ch$10,488 million in December 2023). The repurchase agreements have an average maturity of 2 days in September 2024 (3 days in December 2023). As part of the FCIC program, instruments delivered as collateral are included for an approximate amount of Ch$1,094,076 million as of December 31, 2023.

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$48,104 million as of September 30, 2024 (Ch$43,863 million as of December 31, 2023).

NOTESTO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

11.	Financial Assets at Fair Value through Other Comprehensive Income, continued:

Under Instruments of Other National Institutions are classified instruments delivered as collateral as part of FCIC program for an approximate amount of Ch$850,506 million as of December 31, 2023. There are no collaterals as of September 30, 2024 for this concept.

As of September 30, 2024 the accumulated credit impairment for debt instruments at fair value through other comprehensive income was Ch$2,126 million (Ch$5,500 million as of December 31, 2023).

(b)	The<br>analysis of changes in fair value and expected losses of debt instruments measured at fair value is as follows:
	Phase 1 Individual						Phase 2 Individual						Phase 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, 2023		3,967,392			9,496			—			—			—		—		3,967,392			9,496
Net change in balance		(159,617	)		(3,996	)		(30,124	)		(1,921	)		—		—		(189,741	)		(5,917	)
Change in fair value		8,718			—			156			—			—		—		8,874			—
Transfer to Phase 1		—			—			—			—			—		—		—			—
Transfer to Phase 2		(29,968	)		—			29,968			—			—		—		—			—
Transfer to Phase 3		—			—			—			—			—		—		—			—
Impact due to transfer between phases		—			—			—			1,921			—		—		—			1,921
Net impact due to impairment		—			—			—			—			—		—		—			—
Balance as of December 31, 2023		3,786,525			5,500			—			—			—		—		3,786,525			5,500
Balance as of January 1, 2024		3,786,525			5,500			—			—			—		—		3,786,525			5,500
Net change in balance		(1,846,101	)		(3,374	)		—			—			—		—		(1,846,101	)		(3,374	)
Change in fair value		14,220			—			—			—			—		—		14,220			—
Transfer to Phase 1		—			—			—			—			—		—		—			—
Transfer to Phase 2		—			—			—			—			—		—		—			—
Transfer to Phase 3		—			—			—			—			—		—		—			—
Impact due to transfer between phases		—			—			—			—			—		—		—			—
Net impact due to impairment		—			—			—			—			—		—		—			—
Balance as of September 30, 2024		1,954,644			2,126			—			—			—		—		1,954,644			2,126

(c)	Realized<br> and unrealized gains and losses:

As of September 30, 2024, the portfolio of debt financial instruments includes an accumulated unrealized gain of Ch$19,988 million (unrealized gain of Ch$9,142 million as of December 31, 2023), recorded as an equity valuation adjustment.

Gross realized gains and losses on the sale of debt financial instruments, as of September 30, 2024 and 2023 are reported under “Net Financial income (expense)” (See Note No. 33).

The changes in realized gains and losses at the end of both periods are the following:

	September			September
	2024			2023
	MCh$			MCh$
Unrealized gains (losses)		18,919			(22,326	)
Realized losses (gains) reclassified to income		(8,073	)		308
Subtotal		10,846			(22,018	)
Income tax on other comprehensive income		(1,732	)		1,069
Net effect in equity		9,114			(20,949	)

NOTESTO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

12.	Derivative Financial Instruments for hedging purposes:

(a.1) As of September 30, 2024 and December 31, 2023, the Bank has the following asset portfolio of financial derivative instruments for accounting hedging purposes:

		Notional<br> amount of contract with final expiration date in
		Demand								Up to<br> 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<br><br><br><br>Assets
		September				December				September				December				September				December				September				December				September				December				September				December				September				December				September				December				September				December
		2024				2023				2024				2023				2024				2023				2024				2023				2024				2023				2024				2023				2024				2023				2024				2023				2024				2023
		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 flow<br> hedge derivatives
Interest<br> rate swap and cross currency swap			—				—				—				—				145,791				—				37,684				141,416				131,865				36,553				74,001				232,293				196,207				222,615				585,548				632,877				45,378				49,065
Total			—				—				—				—				145,791				—				37,684				141,416				131,865				36,553				74,001				232,293				196,207				222,615				585,548				632,877				45,378				49,065
(a.2)	As of September 30, 2024 and December 31, 2023, the Bank has<br>the following debt portfolio of financial derivative instruments for accounting hedging purposes:
---	---
		Notional<br> amount of contract with final expiration date in
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
		Demand								Up to<br> 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<br> <br>Liabilities
		September				December				September				December				September				December				September				December				September				December				September				December				September				December				September				December				September				December
		2024				2023				2024				2023				2024				2023				2024				2023				2024				2023				2024				2023				2024				2023				2024				2023				2024				2023
		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 flow<br> hedge derivatives
Interest<br> rate swap and cross currency swap			—				—				—				—				—				—				—				—				398,687				218,840				46,439				180,325				1,100,897				983,782				1,546,023				1,382,947				195,440				160,602
Total			—				—				—				—				—				—				—				—				398,687				218,840				46,439				180,325				1,100,897				983,782				1,546,023				1,382,947				195,440				160,602

NOTESTO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

12.	Derivative Financial Instruments for hedging purposes, continued:

(b)	Fairvalue Hedges:

As of September 30, 2024 and December 31, 2023, no fair value hedges are held.

(c)	Cashflow Hedges:

(c.1)

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

Additionally, these cross currency swap contracts 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 Income Financial Statements.

NOTESTO 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 to<br> 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 years and<br><br> 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
		2024				2023				2024				2023				2024				2023				2024				2023				2024				2023				2024				2023				2024				2023				2024				2023
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$
Hedge element
Outflows:
Corporate Bond		—				—				(8,020	)			(450	)			(172,587	)			(4,686	)			(70,477	)			(199,047	)			(534,375	)			(245,308	)			(242,617	)			(552,541	)			(1,325,823	)			(1,252,534	)			(2,353,899	)			(2,254,566	)
Obligation		—				—				(2,735	)			—				—				—				(2,203	)			(1,366	)			(91,587	)			(88,096	)			—				—				—				—				(96,525	)			(89,462	)

Hedge instrument
Inflows:
Cross<br> Currency Swap		—				—				10,755				450				172,587				4,686				72,680				200,413				625,962				333,404				242,617				552,541				1,325,823				1,252,534				2,450,424				2,344,028
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 to<br> 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 years and<br><br> 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
		2024				2023				2024				2023				2024				2023				2024				2023				2024				2023				2024				2023				2024				2023				2024				2023
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$

Hedge element
Inflows:
Cash flows in CLF			—				—				7,369				1,506				156,701				1,834				64,659				182,057				603,226				328,074				173,218				467,263				1,402,552				1,314,328				2,407,725				2,295,062

Hedge instrument
Outflows:
Cross Currency<br> Swap			—				—				(7,369	)			(1,506	)			(156,701	)			(1,834	)			(64,659	)			(182,057	)			(603,226	)			(328,074	)			(173,218	)			(467,263	)			(1,402,552	)			(1,314,328	)			(2,407,725	)			(2,295,062	)
Net cash flows			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—

NOTESTO 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 unrealized results generated during the period 2024 by those derivative contracts that conform the hedging instruments in this cash flow hedging strategy, have been recorded with charge to equity amounting to Ch$22,719 million (credit to equity of Ch$147,508 million in September 2023). The net effect of taxes charge to equity amounts to Ch$16,585 million (credit to equity of Ch$107,681 million during the period September 2023).

The accumulated balance for this concept as of September 30, 2024 corresponds to a charge in equity amounted to Ch$13,318 million (credit to equity of Ch$9,401 million as of December 2023).

(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$6,257 million during the period 2024 (charge to results<br> for Ch$6,550 million during the period September 2023).
(c.6)	As<br> of September 30, 2024 and 2023, it not exist inefficiency in cash flow hedge, because both,<br> hedge 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, 2024 and 2023, the Bank does not have hedges of net investments in foreign<br> business.
---	---
13.	Financial assets at amortized cost:
---	---

The item detail is as follows:

	September			December
	2024			2023
	MCh$			MCh$
Rights from resale agreements and securities lending		70,386			71,822
Debt financial instruments		933,466			1,431,083
Loans and advances to Banks		1,696,985			2,519,180
Loans to customers:
Commercial loans		19,964,731			19,991,114
Residential mortgage loans		12,899,904			12,303,154
Consumer loans		5,342,686			5,306,436
Provisions established for credit risk:
Commercial loans provisions		(379,605	)		(366,205	)
Mortgage loans provisions		(37,309	)		(34,006	)
Consumer loans provisions		(365,825	)		(368,757	)
Total		40,125,419			40,853,821

NOTESTO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

13.	Financial assets at amortized cost, continued:
(a)	Rights<br>from 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, 2024 and December 31, 2023, the detail is as follows:

	September		December
	2024		2023
	MCh$		MCh$
Transaction with domestic banks
Resale agreements with other banks		—		—
Resale agreements with the Central Bank of Chile		—		—
Rights from securities lending		—		—
Transaction with foreign banks
Resale agreements with other banks		—		—
Resale agreements with foreign Central Banks		—		—
Rights from securities lending		—		—
Transaction with other domestic entities
Resale agreements		70,386		71,822
Rights from securities lending		—		—
Transaction with other foreign entities
Resale agreements		—		—
Rights from securities lending		—		—
Accumulated Impairment Value of Financial Assets at Amortized Cost - Rights from resale agreements and securities lending
Financial assets with no significant increase in credit risk since initial recognition (phase 1)		—		—
Financial assets with a significant increase in credit risk since initial recognition, but without credit impairment (phase 2)		—		—
Financial assets with credit impairment (phase 3)		—		—
Total		70,386		71,822

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, 2024, the fair value of the instruments received amounts to Ch$71,466 million (Ch$73,874 million in December 2023).

NOTESTO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

13.	Financial assets at amortized cost, continued:
(b)	Debt<br>financial instruments:
---	---

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

	September			December
	2024			2023
	MCh$			MCh$
Instruments issued by the Chilean Government and Central Bank of Chile
Debt financial instruments from the Central Bank of Chile		—			507,261
Bonds and promissory notes from the General Treasury of the Republic		933.498			923,880
Other fiscal debt financial instruments		—			—
Other Finacial Instruments issued in Chile
Debt financial instruments from other domestic banks		—			—
Bonds and trade effects from domestic companies		—			—
Other debt financial instruments issued in the country		—			—
Financial Instruments issued Abroad
Debt financial instruments from foreign Central Banks		—			—
Debt financial instruments from foreign governments and fiscal entities		—			—
Debt financial instruments from other foreing banks		—			—
Bonds and trade effects from foreign companies		—			—
Other debt 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 (phase 1)		(32	)		(58	)
Financial assets with a significant increase in credit risk since initial recognition, but without credit impairment (phase 2)		—			—
Financial assets with credit impairment (phase 3)		—			—
Total		933.466			1,431,083

Under Instruments of the Government and the Central Bank of Chile, instruments are classified pledged as collateral as part of the FCIC program are included for an approximate amount of Ch$1,362,095 million as of December 31, 2023. The are no instruments under collateral as of September 30, 2024.

NOTESTO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

13.	Financialassets 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				Substandard				Non-Complying								Normal				Substandard				Non-Complying
		Portfolio				Portfolio				Portfolio								Portfolio				Portfolio				Portfolio								Net
		Individual				Individual				Individual								Individual				Individual				Individual								Financial
As<br> of September 30, 2024		Evaluation				Evaluation				Evaluation				Total				Evaluation				Evaluation				Evaluation				Total				Asset
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$
Domestic<br> Banks
Interbank<br> loans of liquidity			200,000				—				—				200,000				(72	)			—				—				(72	)			199,928
Interbank<br> loans commercial			—				—				—				—				—				—				—				—				—
Current<br> accounts overdrafts			—				—				—				—				—				—				—				—				—
Chilean<br> exports foreign trade loans			—				—				—				—				—				—				—				—				—
Chilean<br> imports foreign trade loans			—				—				—				—				—				—				—				—				—
Credits<br> with third countries			—				—				—				—				—				—				—				—				—
Non-transferable<br> deposits in domestic banks			—				—				—				—				—				—				—				—				—
Other<br> debts with domestic banks			—				—				—				—				—				—				—				—				—
Foreign<br> Banks
Interbank<br> loans of liquidity			—				—				—				—				—				—				—				—				—
Interbank<br> loans commercial			239,333				—				—				239,333				(523	)			—				—				(523	)			238,810
Current<br> accounts overdrafts			—				—				—				—				—				—				—				—				—
Chilean<br> exports foreign trade loans			158,749				—				—				158,749				(502	)			—				—				(502	)			158,247
Chilean<br> imports foreign trade loans			—				—				—				—				—				—				—				—				—
Credits<br> with third countries			—				—				—				—				—				—				—				—				—
Current<br> account deposits with foreign banks for derivatives transactions			—				—				—				—				—				—				—				—				—
Other<br> non-transferable deposits with foreign banks			—				—				—				—				—				—				—				—				—
Other<br> debts with foreign banks			—				—				—				—				—				—				—				—				—
Subtotal<br> Domestic Bank and Foreign			598,082				—				—				598,082				(1,097	)			—				—				(1,097	)			596,985
Central<br> Bank of Chile
Current<br> account deposits for derivative transactions with a central counterparty			—				—				—				—				—				—				—				—				—
Other<br> deposits not available			1,100,000				—				—				1,100,000				—				—				—				—				1,100,000
Other<br> receivables			—				—				—				—				—				—				—				—				—
Foreign<br> Central Banks
Current<br> account deposits for derivatives transactions			—				—				—				—				—				—				—				—				—
Other<br> deposits not available			—				—				—				—				—				—				—				—				—
Other<br> receivables			—				—				—				—				—				—				—				—				—
Subtotal<br> Central Bank of Chile and Foreign Central Banks			1,100,000				—				—				1,100,000				—				—				—				—				1,100,000
Total			1,698,082				—				—				1,698,082				(1,097	)			—				—				(1,097	)			1,696,985

NOTESTO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

13.	Financialassets at amortized cost, continued:
(c)	Loans<br>and advances to Banks, continued:
---	---
		Assets<br> before allowances																Allowances<br> established
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
		Normal				Substandard				Non-Complying								Normal				Substandard				Non-Complying
		Portfolio				Portfolio				Portfolio								Portfolio				Portfolio				Portfolio								Net
		Individual				Individual				Individual								Individual				Individual				Individual								Financial
As<br> of December 31, 2023		Evaluation				Evaluation				Evaluation				Total				Evaluation				Evaluation				Evaluation				Total				Asset
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$
Domestic<br> Banks
Interbank<br> loans of liquidity			—				—				—				—				—				—				—				—				—
Interbank<br> loans commercial			—				—				—				—				—				—				—				—				—
Current<br> accounts overdrafts			—				—				—				—				—				—				—				—				—
Chilean<br> exports foreign trade loans			—				—				—				—				—				—				—				—				—
Chilean<br> imports foreign trade loans			—				—				—				—				—				—				—				—				—
Credits<br> with third countries			—				—				—				—				—				—				—				—				—
Non-transferable<br> deposits in domestic banks			—				—				—				—				—				—				—				—				—
Other<br> debts with foreign banks			—				—				—				—				—				—				—				—				—
Foreign<br> Banks
Interbank<br> loans of liquidity			—				—				—				—				—				—				—				—				—
Interbank<br> loans commercial			205,362				—				—				205,362				(449	)			—				—				(449	)			204,913
Current<br> accounts overdrafts			—				—				—				—				—				—				—				—				—
Chilean<br> exports foreign trade loans			213,636				—				—				213,636				(302	)			—				—				(302	)			213,334
Chilean<br> imports foreign trade loans			—				—				—				—				—				—				—				—				—
Credits<br> with third countries			—				—				—				—				—				—				—				—				—
Current<br> account deposits with foreign banks for derivatives transactions			—				—				—				—				—				—				—				—				—
Other<br> non-transferable deposits with foreign banks			—				—				—				—				—				—				—				—				—
Other<br> debts with foreign banks			—				—				—				—				—				—				—				—				—
Subtotal<br> Domestic Bank and Foreign			418,998				—				—				418,998				(751	)			—				—				(751	)			418,247
Central<br> Bank of Chile
Current<br> account deposits for derivative transactions with a central counterparty			—				—				—				—				—				—				—				—				—
Other<br> deposits not available			2,100,933				—				—				2,100,933				—				—				—				—				2,100,933
Other<br> receivables			—				—				—				—				—				—				—				—				—
Foreign<br> Central Banks							—				—												—				—
Current<br> account deposits for derivatives transactions			—				—				—				—				—				—				—				—				—
Other<br> deposits not available			—				—				—				—				—				—				—				—				—
Other<br> receivables			—				—				—				—				—				—				—				—				—
Subtotal<br> Central Bank of Chile and Foreign Central Banks			2,100,933				—				—				2,100,933				—				—				—				—				2,100,933
Total			2,519,931				—				—				2,519,931				(751	)			—				—				(751	)			2,519,180

NOTESTO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

13.	Financial assets at amortized cost, continued:
(d)	Loans<br> to Customers: At the end of each period, the balances presented under this item are as follows:
---	---
****	****	Assets before allowances																						****	****	Allowances established																														****	****	****		****
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
****	****	Normal Portfolio						****	****	Substandard Portfolio		****	****	Non-Complying Portfolio						****	****	****		****	****	Normal Portfolio						****	****	Substandard Portfolio		****	****	Non-Complying Portfolio						****	****	****		****	****	Deductible Warranties		****	****	****		****	****	Net		****
Loans to Customers	****	Evaluation						****	****	Evaluation		****	****	Evaluation						****	****	****		****	****	Evaluation						****	****	Evaluation		****	****	Evaluation						****	****	Sub		****	****	Fogape		****	****	****		****	****	Financial		****
As of September 30, 2024	****	Individual		****	****	Group		****	****	Individual		****	****	Individual		****	****	Group		****	****	Total		****	****	Individual		****	****	Group		****	****	Individual		****	****	Individual		****	****	Group		****	****	Total		****	****	Covid-19		****	****	Total		****	****	Asset		****
	****	MCh$		****	****	MCh$		****	****	MCh$		****	****	MCh$		****	****	MCh$		****	****	MCh$		****	****	MCh$		****	****	MCh$		****	****	MCh$		****	****	MCh$		****	****	MCh$		****	****	MCh$		****	****	MCh$		****	****	MCh$		****	****	MCh$

Commercial<br> loans
Commercial loans			10,510,034				3,786,850				192,553				212,762				356,108				15,058,307				(92,341	)			(26,657	)			(2,628	)			(55,822	)			(82,428	)			(259,876	)			(3,232	)			(263,108	)			14,795,199
Chilean exports foreign trade<br> loans			1,440,673				3,084				9,617				5,232				269				1,458,875				(26,086	)			(99	)			(526	)			(1,806	)			(136	)			(28,653	)			—				(28,653	)			1,430,222
Accrediting foreign trade<br> loans negotiated in terms of Chilean imports			91				—				—				—				—				91				(8	)			—				—				—				—				(8	)			—				(8	)			83
Chilean imports foreign trade<br> loans			442,030				43,009				5,444				3,702				3,370				497,555				(17,671	)			(1,289	)			(777	)			(2,651	)			(1,780	)			(24,168	)			—				(24,168	)			473,387
Foreign trade credits to<br> third countries			—				—				—				—				—																—				—				—				—				—				—				—
Current account debtors			121,859				92,873				4,645				4,131				2,056				225,564				(3,480	)			(2,332	)			(517	)			(2,040	)			(995	)			(9,364	)			—				(9,364	)			216,200
Credit card debtors			24,265				78,855				1,153				1,270				10,661				116,204				(1,012	)			(2,431	)			(173	)			(817	)			(5,841	)			(10,274	)			—				(10,274	)			105,930
Factoring transactions			590,602				34,607				4,276				—				269				629,754				(10,954	)			(796	)			(289	)			—				(97	)			(12,136	)			—				(12,136	)			617,618
Commercial lease transactions<br> (1)			1,536,512				287,437				28,403				36,082				14,619				1,903,053				(3,267	)			(1,910	)			(46	)			(8,613	)			(3,185	)			(17,021	)			(406	)			(17,427	)			1,885,626
Student loans			—				49,477				—				—				3,801				53,278				—				(2,165	)			—				—				(2,696	)			(4,861	)			—				(4,861	)			48,417
Other<br> loans and accounts receivable			8,895				850				168				10,516				1,621				22,050				(269	)			(3	)			(24	)			(8,711	)			(599	)			(9,606	)			—				(9,606	)			12,444
Subtotal			14,674,961				4,377,042				246,259				273,695				392,774				19,964,731				(155,088	)			(37,682	)			(4,980	)			(80,460	)			(97,757	)			(375,967	)			(3,638	)			(379,605	)			19,585,126
Residential<br> mortgage loans
Letters of credit			—				1,539				—				—				119				1,658				—				(2	)			—				—				(7	)			(9	)			—				(9	)			1,649
Endorsable mortgage loans			—				8,549				—				—				367				8,916				—				(10	)			—				—				(33	)			(43	)			—				(43	)			8,873
Loans with mutual funds financed<br> by mortgage bonds			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Other residential lending			—				12,420,621				—				—				304,715				12,725,336				—				(15,717	)			—				—				(20,401	)			(36,118	)			—				(36,118	)			12,689,218
Residential lease transactions<br> (1)			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Other<br> loans and accounts receivable			—				154,351				—				—				9,643				163,994				—				(224	)			—				—				(915	)			(1,139	)			—				(1,139	)			162,855
Subtotal			—				12,585,060				—				—				314,844				12,899,904				—				(15,953	)			—				—				(21,356	)			(37,309	)			—				(37,309	)			12,862,595
Consumer<br> loans
Consumer loans in installments			—				2,976,607				—				—				246,894				3,223,501				—				(137,447	)			—				—				(141,426	)			(278,873	)			—				(278,873	)			2,944,628
Current account debtors			—				268,050				—				—				14,574				282,624				—				(12,916	)			—				—				(5,599	)			(18,515	)			—				(18,515	)			264,109
Credit card debtors			—				1,802,410				—				—				32,180				1,834,590				—				(47,801	)			—				—				(19,056	)			(66,857	)			—				(66,857	)			1,767,733
Consumer lease transactions<br> (1)			—				327				—				—				4				331				—				(4	)			—				—				(1	)			(5	)			—				(5	)			326
Other<br> loans and accounts receivable			—				12				—				—				1,628				1,640				—				(3	)			—				—				(1,572	)			(1,575	)			—				(1,575	)			65
Subtotal			—				5,047,406				—				—				295,280				5,342,686				—				(198,171	)			—				—				(167,654	)			(365,825	)			—				(365,825	)			4,976,861
Total			14,674,961				22,009,508				246,259				273,695				1,002,898				38,207,321				(155,088	)			(251,806	)			(4,980	)			(80,460	)			(286,767	)			(779,101	)			(3,638	)			(782,739	)			37,424,582

(1)	In<br>this item, the Bank finances its clients the acquisition of movable and immovable property through financial lease agreements. As of<br>September 30, 2024, Ch$956,660 million correspond to finance leases on real estate assets and Ch$946,724 million correspond to finance<br>leases on movable property.

NOTESTO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

13.	Financialassets at amortized cost, continued:
(d)	Loans<br>to Customers, continued:
---	---
****	****	Assets before allowances																						****	****	Allowances established																														****	****	****		****
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
****	****	Normal Portfolio						****	****	Substandard Portfolio		****	****	Non-Complying Portfolio						****	****	****		****	****	Normal Portfolio						****	****	Substandard Portfolio		****	****	Non-Complying Portfolio						****	****	****		****	****	Deductible Warranties		****	****	****		****	****	Net		****
Loans to Customers	****	Evaluation						****	****	Evaluation		****	****	Evaluation						****	****	****		****	****	Evaluation						****	****	Evaluation		****	****	Evaluation						****	****	Sub		****	****	Fogape		****	****	****		****	****	Financial		****
As of December 31, 2023		Individual		****	****	Group		****	****	Individual		****	****	Individual		****	****	Group		****	****	Total		****	****	Individual		****	****	Group		****	****	Individual		****	****	Individual		****	****	Group		****	****	Total		****	****	Covid-19		****	****	Total		****	****	Asset
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$
Commercial loans
Commercial loans			10,855,599				3,910,753				185,244				197,361				321,133				15,470,090				(92,816	)			(26,083	)			(6,842	)			(54,446	)			(74,174	)			(254,361	)			(8,604	)			(262,965	)			15,207,125
Chilean exports foreign trade loans			1,122,027				3,629				5,672				6,522				158				1,138,008				(21,669	)			(110	)			(26	)			(3,981	)			(90	)			(25,876	)			—				(25,876	)			1,112,132
Accrediting foreign trade loans negotiated<br> in terms of Chilean imports			94				—				—				—				—				94				(8	)			—				—				—				—				(8	)			—				(8	)			86
Chilean imports foreign trade loans			529,967				41,565				6,584				2,102				2,545				582,763				(17,271	)			(1,127	)			(915	)			(1,515	)			(1,284	)			(22,112	)			—				(22,112	)			560,651
Foreign trade credits to third countries			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Current account debtors			85,209				90,883				4,829				3,739				1,855				186,515				(2,684	)			(2,175	)			(758	)			(1,439	)			(874	)			(7,930	)			—				(7,930	)			178,585
Credit card debtors			21,353				71,726				1,056				1,033				8,537				103,705				(880	)			(2,207	)			(151	)			(608	)			(4,660	)			(8,506	)			—				(8,506	)			95,199
Factoring transactions			558,316				39,021				5,258				453				183				603,231				(10,001	)			(811	)			(497	)			(349	)			(66	)			(11,724	)			—				(11,724	)			591,507
Commercial lease transactions (1)			1,462,558				277,280				32,017				35,525				13,686				1,821,066				(3,103	)			(1,878	)			(102	)			(4,813	)			(3,334	)			(13,230	)			(527	)			(13,757	)			1,807,309
Student loans			—				52,521				—				—				4,114				56,635				—				(2,189	)			—				—				(2,905	)			(5,094	)			—				(5,094	)			51,541
Other loans<br> and accounts receivable			7,417				10,895				195				9,204				1,296				29,007				(253	)			(10	)			(26	)			(7,494	)			(450	)			(8,233	)			—				(8,233	)			20,774
Subtotal			14,642,540				4,498,273				240,855				255,939				353,507				19,991,114				(148,685	)			(36,590	)			(9,317	)			(74,645	)			(87,837	)			(357,074	)			(9,131	)			(366,205	)			19,624,909
Residential mortgage<br> loans
Letters of credit			—				2,339				—				—				151				2,490				—				(2	)			—				—				(8	)			(10	)			—				(10	)			2,480
Endorsable mortgage loans			—				10,983				—				—				329				11,312				—				(8	)			—				—				(31	)			(39	)			—				(39	)			11,273
Loans with mutual funds financed by<br> mortgage bonds			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Other residential lending			—				11,871,797				—				—				250,593				12,122,390				—				(15,919	)			—				—				(17,005	)			(32,924	)			—				(32,924	)			12,089,466
Residential lease transactions (1)			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Other loans<br> and accounts receivable			—				158,981				—				—				7,981				166,962				—				(259	)			—				—				(774	)			(1,033	)			—				(1,033	)			165,929
Subtotal			—				12,044,100				—				—				259,054				12,303,154				—				(16,188	)			—				—				(17,818	)			(34,006	)			—				(34,006	)			12,269,148
Consumer loans
Consumer loans in installments			—				2,943,848				—				—				237,359				3,181,207				—				(150,741	)			—				—				(130,531	)			(281,272	)			—				(281,272	)			2,899,935
Current account debtors			—				268,525				—				—				2,449				270,974				—				(12,256	)			—				—				(1,179	)			(13,435	)			—				(13,435	)			257,539
Credit card debtors			—				1,817,403				—				—				34,974				1,852,377				—				(51,867	)			—				—				(20,751	)			(72,618	)			—				(72,618	)			1,779,759
Consumer lease transactions (1)			—				380				—				—				—				380				—				(5	)			—				—				—				(5	)			—				(5	)			375
Other loans<br> and accounts receivable			—				15				—				—				1,483				1,498				—				(4	)			—				—				(1,423	)			(1,427	)			—				(1,427	)			71
Subtotal			—				5,030,171				—				—				276,265				5,306,436				—				(214,873	)			—				—				(153,884	)			(368,757	)			—				(368,757	)			4,937,679
Total			14,642,540				21,572,544				240,855				255,939				888,826				37,600,704				(148,685	)			(267,651	)			(9,317	)			(74,645	)			(259,539	)			(759,837	)			(9,131	)			(768,968	)			36,831,736
(1)	In<br> this item, the Bank finances its clients the acquisition of movable and immovable property<br> through financial lease agreements. As of December 31, 2023 Ch$921,451 million correspond<br> to finance leases on immovable property and Ch$899,995 million correspond to finance leases<br> on movable property.
---	---

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

13.	Financial assets at amortized cost, continued:

(e)	Contingent 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 <br><br>Portfolio				Substandard <br><br>Portfolio		Non-Complying <br><br>Portfolio						Normal<br><br> Portfolio						Substandard <br><br>Portfolio			Non-Complying <br><br>Portfolio										for credit risk of
	Evaluation				Evaluation		Evaluation						Evaluation						Evaluation			Evaluation									****	contingent
As of September 30, 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$
Warranty by endorsement and sureties		313,064		556		539		—		—		314,159		(4,682	)		(5	)		(75	)		—			—			(4,762	)			309,397
Letters of credit for goods circulation operations		408,741		843		179		—		—		409,763		(961	)		(3	)		(5	)		—			—			(969	)			408,794
Commitments to purchase local currency debt abroad		—		—		—		—		—		—		—			—			—			—			—			—				—
Contingent event transactions		2,648,170		59,225		45,910		16,339		505		2,770,149		(30,372	)		(616	)		(3,753	)		(5,455	)		(217	)		(40,413	)			2,729,736
Undrawn credit lines with immediate termination		1,435,888		9,204,140		5,831		1,206		6,749		10,653,814		(2,739	)		(4,435	)		(67	)		(654	)		(3,288	)		(11,183	)			10,642,631
Undrawn credit lines		—		—		—		—		—		—		—			—			—			—			—			—				—
Credits for Higher Education Law No. 20,027 (CAE)		—		—		—		—		—		—		—			—			—			—			—			—				—
Other irrevocable loan commitments		72,536		—		—		—		—		72,536		(2,464	)		—			—			—			—			(2,464	)			70,072
Other contingent loans		—		—		—		—		—		—		—			—			—			—			—			—				—
Total		4,878,399		9,264,764		52,459		17,545		7,254		14,220,421		(41,218	)		(5,059	)		(3,900	)		(6,109	)		(3,505	)		(59,791	)			14,160,630
	****	Outstanding exposure before provisions																						****	****	Provisions established																						****	****	Net exposure		****
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
****	****	Normal Portfolio						****	****	Substandard Portfolio		****	****	Non-Complying Portfolio						****	****	****		****	****	Normal Portfolio						****	****	Substandard Portfolio		****	****	Non-Complying Portfolio						****	****			****	****	for credit risk of		****
****	****	Evaluation						****	****	Evaluation		****	****	Evaluation						****	****	****		****	****	Evaluation						****	****	Evaluation		****	****	Evaluation						****	****	****		****	****	contingent		****
As of December 31, 2023	****	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$		****
Warranty by endorsement and sureties			350,420				586				525				—				—				351,531				(4,511	)			(9	)			(73	)			—				—				(4,593	)			346,938
Letters of credit for goods circulation operations			350,122				482				—				—				—				350,604				(863	)			(2	)			—				—				—				(865	)			349,739
Commitments to purchase local currency debt abroad			—				—				—				—				—				—				—				—				—				—				—				—				—
Contingent event transactions			2,524,034				52,140				45,876				17,885				362				2,640,297				(29,397	)			(525	)			(3,887	)			(5,545	)			(110	)			(39,464	)			2,600,833
Undrawn credit lines with immediate termination			1,446,599				8,623,438				5,224				976				8,221				10,084,458				(2,736	)			(4,431	)			(57	)			(557	)			(4,009	)			(11,790	)			10,072,668
Undrawn credit lines			—				—				—				—				—				—				—				—				—				—				—				—				—
Credits for Higher Education Law No. 20,027 (CAE)			—				—				—				—				—				—				—				—				—				—				—				—				—
Other irrevocable loan commitments			120,545				—				—				—				—				120,545				(4,515	)			—				—				—				—				(4,515	)			116,030
Other contingent loans			—				—				—				—				—				—				—				—				—				—				—				—				—
Total			4,791,720				8,676,646				51,625				18,861				8,583				13,547,435				(42,022	)			(4,967	)			(4,017	)			(6,102	)			(4,119	)			(61,227	)			13,486,208

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

13.	Financial assets at amortized cost, continued:

(f)	Provisions:

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

	Changes in provisions constituted by portfolio in the period
	Individual Evaluation
	Normal <br><br>Portfolio			Substandard <br><br>Portfolio		Non-Complying <br><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 period		32			—		—		32
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-Complying individual		—			—		—		—
Transfer from Substandard to Non-Complying individual		—			—		—		—
Transfer from Substandard to Normal individual		—			—		—		—
Transfer from Non-Complying individual to Substandard		—			—		—		—
Transfer from Non-Complying individual to Normal individual		—			—		—		—
New assets originated		1,161			—		—		1,161
New credits for conversion of contingent to loan		—			—		—		—
New assets purchased		—			—		—		—
Sales or transfers of credits		—			—		—		—
Payment of credit		(1,580	)		—		—		(1,580	)
Provisions for write-offs		—			—		—		—
Recovery of written-off loans		—			—		—		—
Foreign exchange differences		19			—		—		19
Other changes in allowances		714			—		—		714
Balance as of September 30, 2024		1,097			—		—		1,097
	Changes in provisions constituted by portfolio in the year
---	---	---	---	---	---	---	---	---	---	---
	Individual Evaluation
	Normal <br><br>Portfolio			Substandard <br><br>Portfolio		Non-Complying <br><br>Portfolio		Total
	MCh$			MCh$		MCh$		MCh$
Loans and advances to Banks
Balance as of January 1, 2023		677			—		—		677
Allowances established/ released:
Change in measurement without portfolio reclassification during the year		(194	)		—		—		(194	)
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-Complying individual		—			—		—		—
Transfer from Substandard to Non-Complying individual		—			—		—		—
Transfer from Substandard to Normal individual		—			—		—		—
Transfer from Non-Complying individual to Substandard		—			—		—		—
Transfer from Non-Complying individual to Normal individual		—			—		—		—
New assets originated		1,741			—		—		1,741
New credits for conversion of contingent to loan		—			—		—		—
New assets purchased		—			—		—		—
Sales or transfers of credits		—			—		—		—
Payment of credit		(1,486	)		—		—		(1,486	)
Provisions for write-offs		—			—		—		—
Recovery of written-off loans		—			—		—		—
Foreign exchange differences		13			—		—		13
Other changes in allowances		—			—		—		—
Balance as of December 31, 2023		751			—		—		751

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

13.	Financial assets at amortized cost, continued:

(f)	Provisions, continued:

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

	Changes in provisions constituted by portfolio in the period
	Normal <br><br>Portfolio						Substandard <br><br>Portfolio			Non-Complying <br><br>Portfolio									Deductible Warranties
	Evaluation						Evaluation			Evaluation									FOGAPE
	Individual			Grupal			Individual			Individual			Grupal			Sub 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
Provisions established/ released:
Change in measurement without portfolio reclassification during the period		8,740			18,121			2,418			16,270			8,577			54,126			—			54,126
Change in measurement without portfolio reclassification from the beginning to the end of the period (portfolio from (-) until (+)):
Transfer from Normal individual to Substandard		(2,389	)		—			4,150			—			—			1,761			—			1,761
Transfer from Normal individual to Non-Complying individual		(157	)		—			—			598			—			441			—			441
Transfer from Substandard to Non-Complying individual		—			—			(5,780	)		14,269			—			8,489			—			8,489
Transfer from Substandard to Normal individual		412			—			(629	)		—			—			(217	)		—			(217	)
Transfer from Non-Complying individual to Substandard		—			—			70			(1,314	)		—			(1,244	)		—			(1,244	)
Transfer from Non-Complying individual to Normal individual		4			—			—			(27	)		—			(23	)		—			(23	)
Transfer from Normal group to Non-Complying group		—			(12,256	)		—			—			33,691			21,435			—			21,435
Transfer from Non-Complying group to Normal group		—			485			—			—			(7,471	)		(6,986	)		—			(6,986	)
Transfer from Individual (normal, substandard, non-complying) to Group (normal, non-complying)		—			—			—			—			—			—			—			—
Transfer from Group (normal, non-complying) to Individual (normal, substandard, non-complying)		531			(777	)		306			188			(111	)		137			—			137
New assets originated		166,043			18,629			3,999			15,550			12,908			217,129			—			217,129
New credits for conversion of contingent to loan		10,849			6,580			871			1,632			796			20,728			—			20,728
New assets purchased		—			—			—			—			—			—			—			—
Sales or transfers of credits		(46	)		(163	)		—			(240	)		—			(449	)		—			(449	)
Payment of credit		(178,825	)		(29,622	)		(9,744	)		(23,117	)		(21,939	)		(263,247	)		—			(263,247	)
Provisions for write-offs		—			—			—			(18,699	)		(16,557	)		(35,256	)		—			(35,256	)
Recovery of written-off loans		—			62			—			—			—			62			—			62
Changes to models and assumptions		—			—			—			—			—			—			—			—
Foreign exchange differences		1,241			33			2			705			26			2,007			—			2,007
Other changes in allowances		—			—			—			—			—			—			(5,493	)		(5,493	)
Balance as of September 30, 2024		155,088			37,682			4,980			80,460			97,757			375,967			3,638			379,605

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

13.	Financial assets at amortized cost, continued:

(f)	Provisions, continued:
	Changes in provisions constituted by portfolio in the year
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Normal<br><br> Portfolio						Substandard <br><br>Portfolio			Non-Complying <br><br>Portfolio									Deductible Warranties
	Evaluation						Evaluation			Evaluation									FOGAPE
	Individual			Group			Individual			Individual			Group			Sub total			Covid-19			Total
	MCh$			MCh$			MCh$			MCh$			MCh$			MCh$			MCh$			MCh$
Commercial loans
Balance as of January 1, 2023		152,467			42,021			20,797			75,935			90,237			381,457			32,743			414,200
Provisions established/ released:
Change in measurement without portfolio reclassification during the year		(32,144	)		(540	)		(1,511	)		19,717			31,937			17,459			—			17,459
Change in measurement without portfolio reclassification from the beginning to the end of the year (portfolio from (-) until (+)):
Transfer from Normal individual to Substandard		(2,845	)		—			4,966			—			—			2,121			—			2,121
Transfer from Normal individual to Non-Complying individual		(80	)		—			—			1,191			—			1,111			—			1,111
Transfer from Substandard to Non-Complying individual		—			—			(4,560	)		16,310			—			11,750			—			11,750
Transfer from Substandard to Normal individual		903			—			(12,685	)		—			—			(11,782	)		—			(11,782	)
Transfer from Non-Complying individual to Substandard		—			—			166			(557	)		—			(391	)		—			(391	)
Transfer from Non-Complying individual to Normal individual		—			—			—			(17	)		—			(17	)		—			(17	)
Transfer from Normal group to Non-Complying group		—			(16,099	)		—			—			41,808			25,709			—			25,709
Transfer from Non-Complying group to Normal group		—			676			—			—			(10,938	)		(10,262	)		—			(10,262	)
Transfer from Individual (normal, substandard, non-complying) to Group (normal, non-complying)		—			—			—			—			—			—			—			—
Transfer from Group (normal, non-complying) to Individual (normal, substandard, non-complying)		847			(839	)		84			66			(143	)		15			—			15
New assets originated		200,453			21,387			6,361			8,712			14,659			251,572			—			251,572
New credits for conversion of contingent to loan		13,510			8,387			967			1,292			839			24,995			—			24,995
New assets purchased		—			—			—			—			—			—			—			—
Sales or transfers of credits		—			—			—			(342	)		—			(342	)		—			(342	)
Payment of credit		(186,161	)		(18,537	)		(5,352	)		(29,647	)		(45,435	)		(285,132	)		—			(285,132	)
Provisions for write-offs		—			—			—			(18,451	)		(35,184	)		(53,635	)		—			(53,635	)
Recovery of written-off loans		—			89			—			—			—			89			—			89
Changes to models and assumptions		—			—			—			—			—			—			—			—
Foreign exchange differences		1,735			45			84			436			57			2,357			—			2,357
Other changes in allowances		—			—			—			—			—			—			(23,612	)		(23,612	)
Balance as of December 31, 2023		148,685			36,590			9,317			74,645			87,837			357,074			9,131			366,205

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

13.	Financial assets at amortized cost, continued:

(f)	Provisions, continued:

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

	Changes in provisions constituted by portfolio in the period
	Group Evaluation
	Normal <br><br>Portfolio			Non-Complying <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 period		2,331			1,457			3,788
Change in measurement without portfolio reclassification from the beginning to the end of the period (portfolio from (-) until (+)):
Transfer from Normal group to Non-Complying group		(3,189	)		7,145			3,956
Transfer from Non-Complying group to Normal group		362			(1,456	)		(1,094	)
New assets originated		1,148			157			1,305
New assets purchased		—			—			—
Sales or transfers of credits		—			—			—
Payment of credit		(887	)		(3,455	)		(4,342	)
Provisions for write-offs		—			(310	)		(310	)
Recovery of written-off loans		—			—			—
Changes to models and assumptions		—			—			—
Foreign exchange differences		—			—			—
Other changes in allowances		—			—			—
Balance as of September 30, 2024		15,953			21,356			37,309

	Changes in provisions constituted by portfolio in the year
	Group Evaluation
	Normal <br><br>Portfolio			Non-Complying <br><br>Portfolio			Total
	MCh$			MCh$			MCh$
Residential mortgage loans
Balance as of January 1, 2023		15,154			14,149			29,303
Allowances established/ released:
Change in measurement without portfolio reclassification during the year		4,191			884			5,075
Change in measurement without portfolio reclassification from the beginning to the end of the year (portfolio from (-) until (+)):
Transfer from Normal group to Non-Complying group		(4,050	)		8,494			4,444
Transfer from Non-Complying group to Normal group		315			(1,901	)		(1,586	)
New assets originated		1,947			90			2,037
New assets purchased		—			—			—
Sales or transfers of credits		—			—			—
Payment of credit		(1,369	)		(2,889	)		(4,258	)
Provisions for write-offs		—			(1,009	)		(1,009	)
Recovery of written-off loans		—			—			—
Changes to models and assumptions		—			—			—
Foreign exchange differences		—			—			—
Other changes in allowances		—			—			—
Balance as of December 31, 2023		16,188			17,818			34,006

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

13.	Financial assets at amortized cost, continued:

(f)	Provisions, continued:

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

	Changes in provisions constituted by portfolio in the period
	Group Evaluation
	Normal <br><br>Portfolio			Non-Complying <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 period		125,693			59,873			185,566
Change in measurement without portfolio reclassification from the beginning to the end of the period (portfolio from (-) until (+)):
Transfer from Normal group to Non-Complying group		(99,064	)		127,957			28,893
Transfer from Non-Complying group to Normal group		11,080			(28,188	)		(17,108	)
New assets originated		69,426			59,791			129,217
New credits for conversion of contingent to loan		58,916			1,991			60,907
New assets purchased		—			—			—
Sales or transfers of credits		—			—			—
Payment of credit		(184,434	)		(50,149	)		(234,583	)
Provisions for write-offs		—			(157,506	)		(157,506	)
Recovery of written-off loans		1,654			—			1,654
Changes to models and assumptions		—			—			—
Foreign exchange differences		27			1			28
Other changes in allowances		—			—			—
Balance as of September 30, 2024		198,171			167,654			365,825
	Changes in provisions constituted by portfolio in the year
---	---	---	---	---	---	---	---	---	---
	Group Evaluation
	Normal <br><br>Portfolio			Non-Complying <br><br>Portfolio			Total
	MCh$			MCh$			MCh$
Consumer loans
Balance as of January 1, 2023	200,043			134,846			334,889
Allowances established/ released:
Change in measurement without portfolio reclassification during the year		16,274			187,408			203,682
Change in measurement without portfolio reclassification from the beginning to the end of the year (portfolio from (-) until (+)):
Transfer from Normal group to Non-Complying group		(136,022	)		178,062			42,040
Transfer from Non-Complying group to Normal group		10,646			(33,033	)		(22,387	)
New assets originated		126,858			92,820			219,678
New credits for conversion of contingent to loan		81,701			3,970			85,671
New assets purchased		—			—			—
Sales or transfers of credits		—			—			—
Payment of credit		(86,983	)		(209,362	)		(296,345	)
Provisions for write-offs		—			(200,849	)		(200,849	)
Recovery of written-off loans		2,345			—			2,345
Changes to models and assumptions		—			—			—
Foreign exchange differences		11			22			33
Other changes in allowances		—			—			—
Balance as of December 31, 2023		214,873			153,884			368,757

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

13.	Financial assets at amortized cost, continued:
(f)	Provisions, continued:
---	---

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

	Changes in provisions constituted by portfolio in the period
	Normal <br><br>Portfolio						Substandard <br><br>Portfolio			Non-Complying <br><br>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 period		8,493			3,069			135			1,870			2,024			15,591
Change in measurement without portfolio reclassification from the beginning to the end of the period (portfolio from (-) until (+)):
Transfer from Normal individual to Substandard		(138	)		—			234			—			—			96
Transfer from Normal individual to Non-Complying individual		(4	)		—			—			35			—			31
Transfer from Substandard to Non-Complying individual		—			—			(204	)		1,167			—			963
Transfer from Substandard to Normal individual		53			—			(85	)		—			—			(32	)
Transfer from Non-Complying individual to Substandard		—			—			4			(57	)		—			(53	)
Transfer from Non-Complying individual to Normal individual		—			—			—			(4	)		—			(4	)
Transfer from Normal group to Non-Complying group		—			(96	)		—			—			2,639			2,543
Transfer from Non-Complying group to Normal group		—			5			—			—			(2,296	)		(2,291	)
Transfer from Individual (normal, substandard, non-complying) to Group (normal, non-complying )		—			—			—			—			—			—
Transfer from Group (normal, non-complying) to Individual (normal, substandard, non-complying)		47			(36	)		5			—			(3	)		13
New contingent loan granted		27,347			1,168			10,133			407			395			39,450
Contingent credits for conversion		(1,118	)		(2,393	)		(100	)		(891	)		(1,031	)		(5,533	)
Changes to models and assumptions		—			—			—			—			—			—
Foreign exchange differences		211			51			1			6			56			325
Other changes in provisions		(35,695	)		(1,676	)		(10,240	)		(2,526	)		(2,398	)		(52,535	)
Balance as of September 30, 2024		41,218			5,059			3,900			6,109			3,505			59,791
	Changes in provisions constituted by portfolio in the year
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Normal <br><br>Portfolio						Substandard <br><br>Portfolio			Non-Complying <br><br>Portfolio
	Evaluation						Evaluation			Evaluation
	Individual			Group			Individual			Individual			Group			Total
	MCh$			MCh$			MCh$			MCh$			MCh$			MCh$
Contingent loan exposure
Balance as of January 1, 2023		31,717			4,658			10,925			4,018			6,059			57,377
Provisions established/ released:
Change in measurement without portfolio reclassification during the year		(933	)		(287	)		(37	)		(26	)		(617	)		(1,900	)
Change in measurement without portfolio reclassification from the beginning to the end of the year (portfolio from (-) until (+)):
Transfer from Normal individual to Substandard		(371	)		—			783			—			—			412
Transfer from Normal individual to Non-Complying individual		(7	)		—			—			313			—			306
Transfer from Substandard to Non-Complying individual		—			—			(391	)		1,842			—			1,451
Transfer from Substandard to Normal individual		1,131			—			(3,493	)		—			—			(2,362	)
Transfer from Non-Complying individual to Substandard		—			—			2			(65	)		—			(63	)
Transfer from Non-Complying individual to Normal individual		—			—			—			(45	)		—			(45	)
Transfer from Normal group to Non-Complying group		—			(111	)		—			—			2,164			2,053
Transfer from Non-Complying group to Normal group		—			4			—			—			(2,811	)		(2,807	)
Transfer from Individual (normal, substandard, non-complying) to Group (normal, non-complying )		—			—			—			—			—			—
Transfer from Group (normal, non-complying) to Individual (normal, substandard, non-complying)		52			(43	)		1			5			(11	)		4
New contingent loan granted		30,168			1,567			11,696			1,463			587			45,481
Contingent credits for conversion		(235	)		(349	)		(60	)		(222	)		(316	)		(1,182	)
Changes to models and assumptions		—			—			—			—			—			—
Foreign exchange differences		223			1			(172	)		—			73			125
Other changes in provisions		(19,723	)		(473	)		(15,237	)		(1,181	)		(1,009	)		(37,623	)
Balance as of December 31, 2023		42,022			4,967			4,017			6,102			4,119			61,227

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

13.	Financial assets at amortized cost, continued:

In addition to these provisions for credit risk, country risk provisions are maintained to cover foreign operations and additional provisions agreed by the Board of Directors, which are presented in liabilities under the item Special provisions for credit risk (See Note No. 26).

Other disclosures:

As of December 31, 2023, under the Commercial Loans item, operations are maintained that guarantee obligations maintained with the Central Bank of Chile as part of the Loan Increase Conditional Credit Facility (FCIC by its Spanish initials) program for an approximate amount of Ch$2,573,423 million. There are no guarantee loans as of September 30, 2024.

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

13.	Financial assets at amortized cost, continued:
g)	Industry 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
	2024		2023		2024		2023		2024		2023		2024			2023			2024			2023			2024			2023
	MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$			MCh$			MCh$			MCh$			MCh$			MCh$
Loans and advances to Banks		1,300,000		2,100,933		398,082		418,998		1,698,082		2,519,931		(72	)		—			(1,025	)		(751	)		(1,097	)		(751	)
Commercial loans
Agriculture and livestock		751,927		787,718		—		—		751,927		787,718		(12,763	)		(12,486	)		—			—			(12,763	)		(12,486	)
Fruit		671,857		645,470		—		—		671,857		645,470		(10,987	)		(10,933	)		—			—			(10,987	)		(10,933	)
Forestry		92,656		101,243		—		—		92,656		101,243		(2,868	)		(2,788	)		—			—			(2,868	)		(2,788	)
Fishing		32,133		26,296		—		—		32,133		26,296		(3,133	)		(2,543	)		—			—			(3,133	)		(2,543	)
Mining		673,600		417,025		—		—		673,600		417,025		(4,585	)		(4,227	)		—			—			(4,585	)		(4,227	)
Oil and natural gas		226		416		—		—		226		416		(7	)		(10	)		—			—			(7	)		(10	)
Product manufacturing industries;
Foods, beverages and tobacco		616,388		512,732		—		—		616,388		512,732		(14,969	)		(13,658	)		—			—			(14,969	)		(13,658	)
Textiles, leather goods and footwear		28,956		33,011		—		—		28,956		33,011		(854	)		(865	)		—			—			(854	)		(865	)
Woods and furnitures		82,508		78,287		—		—		82,508		78,287		(2,232	)		(2,065	)		—			—			(2,232	)		(2,065	)
Cellulose, Paper and printing		13,385		16,715		—		—		13,385		16,715		(367	)		(721	)		—			—			(367	)		(721	)
Chemicals and petroleum products		325,163		298,712		—		—		325,163		298,712		(6,880	)		(6,516	)		—			—			(6,880	)		(6,516	)
Metal, non-metal, machine or others		596,801		551,244		—		—		596,801		551,244		(10,023	)		(12,082	)		—			—			(10,023	)		(12,082	)
Electricity, gas and water		365,299		438,098		1,388		1,326		366,687		439,424		(3,904	)		(3,908	)		(59	)		(57	)		(3,963	)		(3,965	)
Residential construction		204,606		262,452		—		—		204,606		262,452		(6,294	)		(9,369	)		—			—			(6,294	)		(9,369	)
Non-residential construction (office, civil engineering)		473,133		407,175		—		—		473,133		407,175		(12,208	)		(11,125	)		—			—			(12,208	)		(11,125	)
Wholesale		1,659,308		1,794,264		—		—		1,659,308		1,794,264		(49,087	)		(49,374	)		—			—			(49,087	)		(49,374	)
Retail, restaurants and hotels		1,017,235		1,011,484		—		—		1,017,235		1,011,484		(42,668	)		(38,314	)		—			—			(42,668	)		(38,314	)
Transport and storage		1,039,803		1,101,603		—		—		1,039,803		1,101,603		(26,686	)		(20,777	)		—			—			(26,686	)		(20,777	)
Communications		209,365		102,052		—		—		209,365		102,052		(4,210	)		(2,395	)		—			—			(4,210	)		(2,395	)
Financial services		3,106,037		3,219,723		—		—		3,106,037		3,219,723		(27,164	)		(28,040	)		—			—			(27,164	)		(28,040	)
Business services		1,869,363		1,969,605		—		—		1,869,363		1,969,605		(49,051	)		(51,697	)		—			—			(49,051	)		(51,697	)
Real estate services		3,342,074		3,359,135		13,245		19,931		3,355,319		3,379,066		(22,049	)		(20,378	)		(731	)		(1,066	)		(22,780	)		(21,444	)
Student loans		53,279		56,636		—		—		53,279		56,636		(4,861	)		(5,093	)		—			—			(4,861	)		(5,093	)
Government administration, defence and police force		17,868		21,434		—		—		17,868		21,434		(214	)		(288	)		—			—			(214	)		(288	)
Social services and other community services		850,696		899,492		—		—		850,696		899,492		(17,542	)		(14,483	)		—			—			(17,542	)		(14,483	)
Personal services		1,856,432		1,857,835		—		—		1,856,432		1,857,835		(43,209	)		(40,947	)		—			—			(43,209	)		(40,947	)
Subtotal		19,950,098		19,969,857		14,633		21,257		19,964,731		19,991,114		(378,815	)		(365,082	)		(790	)		(1,123	)		(379,605	)		(366,205	)
Residential mortgage loans		12,899,904		12,303,154		—		—		12,899,904		12,303,154		(37,309	)		(34,006	)		—			—			(37,309	)		(34,006	)
Consumer loans		5,342,686		5,306,436		—		—		5,342,686		5,306,436		(365,825	)		(368,757	)		—			—			(365,825	)		(368,757	)
Contingent loan exposure		14,220,421		13,547,435		—		—		14,220,421		13,547,435		(59,791	)		(61,227	)		—			—			(59,791	)		(61,227	)

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

13.	Financial assets at amortized cost, continued:

(h)	Residential mortgage loans and its provisions established by insolvent tranche of the loan on the value of the mortgage guarantee<br>(PVG) and days of default respectively:

As of September 30, 2024

Loan Tranche /	****	Residential mortgage loans (MCh$)																						****	****	Allowances established of Residential mortgage loans (MCh$)																						****
Guarantee Value	****	Days in default at the end of the period																						****	****	Days in default at the end of the period																						****
(%)	****	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%			1,856,998				32,864				15,295				5,691				15,963				1,926,811				(1,311	)			(438	)			(421	)			(210	)			(888	)			(3,268	)
40% < PVG <= 80%			9,399,653				227,967				101,620				44,421				131,817				9,905,478				(10,578	)			(3,950	)			(3,124	)			(1,800	)			(7,804	)			(27,256	)
80% < PVG <= 90%			562,069				9,723				4,792				2,213				8,411				587,208				(1,521	)			(337	)			(388	)			(262	)			(1,465	)			(3,973	)
PVG > 90%			469,857				3,948				730				964				4,908				480,407				(1,462	)			(135	)			(43	)			(84	)			(1,088	)			(2,812	)
Total			12,288,577				274,502				122,437				53,289				161,099				12,899,904				(14,872	)			(4,860	)			(3,976	)			(2,356	)			(11,245	)			(37,309	)

As of December 31, 2023

Loan Tranche /	****	Residential mortgage loans (MCh$)																						****	****	Allowances established of Residential mortgage loans (MCh$)																						****
Guarantee Value	****	Days in default at the end of the year																						****	****	Days in default at the end of the year																						****
(%)	****	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%			1,681,930				24,754				10,259				5,119				12,398				1,734,460				(1,265	)			(341	)			(289	)			(179	)			(688	)			(2,762	)
40% < PVG <= 80%			9,095,085				198,906				85,417				38,587				106,142				9,524,137				(10,392	)			(3,541	)			(2,619	)			(1,491	)			(6,235	)			(24,278	)
80% < PVG <= 90%			504,787				12,757				5,103				3,610				8,395				534,652				(1,662	)			(477	)			(430	)			(379	)			(1,423	)			(4,371	)
PVG > 90%			501,652				2,272				1,231				454				4,296				509,905				(1,490	)			(82	)			(67	)			(20	)			(936	)			(2,595	)
Total			11,783,454				238,689				102,010				47,770				131,231				12,303,154				(14,809	)			(4,441	)			(3,405	)			(2,069	)			(9,282	)			(34,006	)

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

13.	Financial assets at amortized cost, continued:
(i)	Loans and advances to Banks and Commercial loans and their allowances established by classification category:
---	---

Below is the concentration of loans and advances to banks and commercial loans and their provisions constituted by classification category:

	Individual																																																												Group												Provisions<br> of deductible warranties
As of	Normal<br> Portfolio																					Substandard<br> Portfolio															Non-Complying<br> Portfolio																								Portfolio			Portfolio									Fogape
September 30, 2024	A1			A2			A3			A4			A5			A6			Subtotal			B1			B2			B3			B4			Subtotal			C1			C2			C3			C4			C5			C6			Subtotal			Total			Normal			Non-Complying			Total			Total			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<br> and advances to Banks
Interbank<br> loans for liquidity		200,000			—			—			—			—			—			200,000			—			—			—			—			—			—			—			—			—			—			—			—			200,000			—			—			—			200,000			—
Interbank<br> commercial loans		—			—			239,333			—			—			—			239,333			—			—			—			—			—			—			—			—			—			—			—			—			239,333			—			—			—			239,333			—
Current<br> accounts overdrafts		—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—
Chilean<br> exports foreign trade loans		50			121,585			16,184			20,930			—			—			158,749			—			—			—			—			—			—			—			—			—			—			—			—			158,749			—			—			—			158,749			—
Chilean<br> imports foreign trade loans		—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—
Foreign<br> trade loans between third countries		—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—
Current<br> account deposits in foreign banks for derivative operations		—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—
Other<br> non-transferable deposits in banks		—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—
Other<br> debts with banks		—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—
Subtotal		200,050			121,585			255,517			20,930			—			—			598,082			—			—			—			—			—			—			—			—			—			—			—			—			598,082			—			—			—			598,082			—
Allowances<br> established		72			100			559			366			—			—			1,097			—			—			—			—			—			—			—			—			—			—			—			—			1,097			—			—			—			1,097			—
%<br> Allowances established		0.04	%		0.08	%		0.22	%		1.75	%		—			—			0.18	%		—			—			—			—			—			—			—			—			—			—			—			—			0.18	%		—			—			—			0.18	%		—

Commercial<br> loans
Commercial<br> loans		—			1,111,521			1,872,304			2,208,091			3,276,097			2,042,021			10,510,034			115,750			57,225			9,681			9,897			192,553			79,309			37,782			21,927			33,758			18,058			21,928			212,762			10,915,349			3,786,850			356,108			4,142,958			15,058,307			3,232
Chilean<br> exports foreign trade loans		—			451,126			327,923			203,898			268,040			189,686			1,440,673			4,454			4,612			551			—			9,617			2,922			—			284			295			—			1,731			5,232			1,455,522			3,084			269			3,353			1,458,875			—
Accrediting<br> foreign trade loans negotiated in terms of Chilean imports		—			—			—			—			—			91			91			—			—			—			—			—			—			—			—			—			—			—			—			91			—			—			—			91			—
Chilean<br> imports foreign trade loans		—			8,486			79,102			74,217			123,915			156,310			442,030			5,085			359			—			—			5,444			356			—			—			127			1,215			2,004			3,702			451,176			43,009			3,370			46,379			497,555			—
Foreign<br> trade credits to third countries		—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—
Current<br> account debtors		—			2			20,396			51,982			20,942			28,537			121,859			3,043			1,295			187			120			4,645			374			1,143			85			648			221			1,660			4,131			130,635			92,873			2,056			94,929			225,564			—
Credit<br> card debtors		—			362			1,320			3,579			9,253			9,751			24,265			666			398			89			—			1,153			189			48			62			96			133			742			1,270			26,688			78,855			10,661			89,516			116,204			—
Factoring<br> transactions		945			131,683			139,555			73,831			145,808			98,780			590,602			4,266			10			—			—			4,276			—			—			—			—			—			—			—			594,878			34,607			269			34,876			629,754			—
Commercial<br> lease transactions		—			51,414			51,519			370,314			552,236			511,029			1,536,512			16,257			8,333			3,318			495			28,403			4,114			16,229			1,868			10,981			2,211			679			36,082			1,600,997			287,437			14,619			302,056			1,903,053			406
Student<br> loans		—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			49,477			3,801			53,278			53,278			—
Other<br> loans and accounts receivable		—			474			2,027			1,589			2,593			2,212			8,895			62			105			1			—			168			245			100			148			298			849			8,876			10,516			19,579			850			1,621			2,471			22,050			—
Subtotal		945			1,755,068			2,494,146			2,987,501			4,398,884			3,038,417			14,674,961			149,583			72,337			13,827			10,512			246,259			87,509			55,302			24,374			46,203			22,687			37,620			273,695			15,194,915			4,377,042			392,774			4,769,816			19,964,731			—
Allowances<br> established		—			1,152			4,339			28,695			47,059			73,843			155,088			3,507			828			358			287			4,980			1,750			5,530			6,093			18,481			14,746			33,860			80,460			240,528			37,682			97,757			135,439			375,967			3,638
%<br> Allowances established		—			0.07	%		0.17	%		0.96	%		1.07	%		2.43	%		1.06	%		2.35	%		1.14	%		2.59	%		2.73	%		2.02	%		2.00	%		10.00	%		25.00	%		40.00	%		65.00	%		90.01	%		29.40	%		1.58	%		0.86	%		24.89	%		2.84	%		1.88	%		—

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

13.	Financial assets at amortized cost, continued:
(i)	Loans and advances to Banks and Commercial loans and their allowances established by classification category, continued:
---	---
		Individual																																																																																Group																Provisions<br> of deductible warranties
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	****	Normal Portfolio																										****	****	Substandard Portfolio																		****	****	Non-Complying Portfolio																										****	****	****		****	****	Portfolio		****	****	Portfolio		****	****	****		****	****	****		****	****	Fogape		****
As of December 31, 2023	****	A1		****	****	A2		****	****	A3		****	****	A4		****	****	A5		****	****	A6		****	****	Subtotal		****	****	B1		****	****	B2		****	****	B3		****	****	B4		****	****	Subtotal		****	****	C1		****	****	C2		****	****	C3		****	****	C4		****	****	C5		****	****	C6		****	****	Subtotal		****	****	Total		****	****	Normal		****	****	Non-Complying		****	****	Total		****	****	Total		****	****	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<br> and advances to Banks
Interbank<br> loans for liquidity			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Interbank<br> commercial loans			—				—				205,362				—				—				—				205,362				—				—				—				—				—				—				—				—				—				—				—				—				205,362				—				—				—				205,362				—
Current<br> accounts overdrafts			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Chilean<br> exports foreign trade loans			18,158				179,044				11,553				4,372				—				509				213,636				—				—				—				—				—				—				—				—				—				—				—				—				213,636				—				—				—				213,636				—
Chilean<br> imports foreign trade loans			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Foreign<br> trade loans between third countries			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Current<br> account deposits in foreign banks for derivative operations			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Other<br> non-transferable deposits in banks			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Other<br> debts with banks			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Subtotal			18,158				179,044				216,915				4,372				—				509				418,998				—				—				—				—				—				—				—				—				—				—				—				—				418,998				—				—				—				418,998				—
Allowances<br> established			7				147				474				77				—				46				751				—				—				—				—				—				—				—				—				—				—				—				—				751				—				—				—				751				—
%<br> Allowances established			0.04	%			0.08	%			0.22	%			1.76	%			—				9.04	%			0.18	%			—				—				—				—				—				—				—				—				—				—				—				—				0.18	%			—				—				—				0.18	%			—

Commercial<br> loans
Commercial<br> loans			—				1,216,977				1,912,516				2,298,992				3,333,215				2,093,899				10,855,599				122,172				33,525				23,759				5,788				185,244				64,783				47,719				20,668				21,351				15,543				27,297				197,361				11,238,204				3,910,753				321,133				4,231,886				15,470,090				8,604
Chilean<br> exports foreign trade loans			—				147,251				361,058				200,803				250,515				162,400				1,122,027				2,429				2,709				534				—				5,672				204				—				276				2,898				324				2,820				6,522				1,134,221				3,629				158				3,787				1,138,008				—
Accrediting<br> foreign trade loans negotiated in terms of Chilean imports			—				—				—				—				—				94				94				—				—				—				—				—				—				—				—				—				—				—				—				94				—				—				—				94				—
Chilean<br> imports foreign trade loans			—				9,724				75,779				170,551				126,062				147,851				529,967				6,437				147				—				—				6,584				346				—				—				15				260				1,481				2,102				538,653				41,565				2,545				44,110				582,763
Foreign<br> trade credits to third countries			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Current<br> account debtors			—				5,022				8,922				30,953				18,244				22,068				85,209				1,744				2,804				188				93				4,829				329				1,780				71				129				409				1,021				3,739				93,777				90,883				1,855				92,738				186,515				—
Credit<br> card debtors			—				390				1,667				3,183				8,116				7,997				21,353				657				355				20				24				1,056				135				72				61				104				213				448				1,033				23,442				71,726				8,537				80,263				103,705				—
Factoring<br> transactions			2,824				82,284				140,881				88,002				146,089				98,236				558,316				5,258				—				—				—				5,258				59				9				—				—				—				385				453				564,027				39,021				183				39,204				603,231				—
Commercial<br> lease transactions			—				57,799				50,596				348,083				512,701				493,379				1,462,558				21,050				6,150				4,462				355				32,017				3,227				27,316				1,221				3,140				412				209				35,525				1,530,100				277,280				13,686				290,966				1,821,066				527
Student<br> loans			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				52,521				4,114				56,635				56,635				—
Other<br> loans and accounts receivable			—				375				1,752				1,085				2,068				2,137				7,417				137				55				3				—				195				217				78				93				336				1,233				7,247				9,204				16,816				10,895				1,296				12,191				29,007				—
Subtotal			2,824				1,519,822				2,553,171				3,141,652				4,397,010				3,028,061				14,642,540				159,884				45,745				28,966				6,260				240,855				69,300				76,974				22,390				27,973				18,394				40,908				255,939				15,139,334				4,498,273				353,507				4,851,780				19,991,114				—
Allowances<br> established			1				941				4,094				29,970				42,675				71,004				148,685				3,436				1,515				3,883				483				9,317				1,386				7,697				5,597				11,190				11,957				36,818				74,645				232,647				36,590				87,837				124,427				357,074				9,131
%<br> Allowances established			0.04	%			0.06	%			0.16	%			0.95	%			0.97	%			2.34	%			1.02	%			2.15	%			3.31	%			13.41	%			7.72	%			3.87	%			2.00	%			10.00	%			25.00	%			40.00	%			65.00	%			90.00	%			29.17	%			1.54	%			0.81	%			24.85	%			2.56	%			1.79	%			—

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

13.	Financial assets at amortized cost, continued:
(j)	Loans and their provisions for loan losses by tranches of days past-due:
---	---

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

		Financial<br> assets before allowances																								Allowances<br> established
		Normal<br> Portfolio								Substandard<br> Portfolio				Non-Complying<br> Portfolio												Normal<br> Portfolio								Substandard<br> Portfolio				Non-Complying<br> Portfolio												Deductible<br><br> Warranties								Net
	****	Evaluation						****	****	Evaluation		****	****	Evaluation						****	****	Sub		****	****	Evaluation						****	****	Evaluation		****	****	Evaluation						****	****	Sub		****	****	FOGAPE		****	****	****		****	****	Financial		****
As of September 30, 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<br> and advances to Banks
0<br> days			570,473				—				—				—				—				570,473				(1,074	)			—				—				—				—				(1,074	)			—				(1,074	)
1<br> to 29 days			27,609				—				—				—				—				27,609				(23	)			—				—				—				—				(23	)			—				(23	)
30<br> to 59 days			—				—				—				—				—				—				—				—				—				—				—				—				—				—
60<br> to 89 days			—				—				—				—				—				—				—				—				—				—				—				—				—				—
> =<br> 90 days			—				—				—				—				—				—				—				—				—				—				—				—				—				—
Subtotal			598,082				—				—				—				—				598,082				(1,097	)			—				—				—				—				(1,097	)			—				(1,097	)			596,985

Commercial<br> loans
0<br> days			14,430,309				4,166,666				206,298				134,835				95,224				19,033,332				(150,276	)			(28,627	)			(3,943	)			(34,792	)			(18,378	)			(236,016	)			(3,507	)			(239,523	)
1<br> to 29 days			233,655				148,572				19,450				15,783				38,992				456,452				(4,569	)			(4,599	)			(557	)			(4,015	)			(7,913	)			(21,653	)			(51	)			(21,704	)
30<br> to 59 days			10,620				47,194				13,378				15,985				31,584				118,761				(243	)			(2,945	)			(314	)			(3,620	)			(6,002	)			(13,124	)			(3	)			(13,127	)
60<br> to 89 days			377				14,610				7,111				8,326				24,774				55,198				—				(1,511	)			(162	)			(2,906	)			(5,154	)			(9,733	)			(14	)			(9,747	)
> =<br> 90 days			—				—				22				98,766				202,200				300,988				—				—				(4	)			(35,127	)			(60,310	)			(95,441	)			(63	)			(95,504	)
Subtotal			14,674,961				4,377,042				246,259				273,695				392,774				19,964,731				(155,088	)			(37,682	)			(4,980	)			(80,460	)			(97,757	)			(375,967	)			(3,638	)			(379,605	)			19,585,126

Residential<br> mortgage loans
0<br> days			—				12,227,220				—				—				61,357				12,288,577				—				(10,726	)			—				—				(4,146	)			(14,872	)			—				(14,872	)
1<br> to 29 days			—				238,546				—				—				35,956				274,502				—				(2,598	)			—				—				(2,262	)			(4,860	)			—				(4,860	)
30<br> to 59 days			—				89,586				—				—				32,851				122,437				—				(1,830	)			—				—				(2,146	)			(3,976	)			—				(3,976	)
60<br> to 89 days			—				29,708				—				—				23,581				53,289				—				(799	)			—				—				(1,557	)			(2,356	)			—				(2,356	)
> =<br> 90 days			—				—				—				—				161,099				161,099				—				—				—				—				(11,245	)			(11,245	)			—				(11,245	)
Subtotal			—				12,585,060				—				—				314,844				12,899,904				—				(15,953	)			—				—				(21,356	)			(37,309	)			—				(37,309	)			12,862,595

Consumer<br> loans
0<br> days			—				4,784,554				—				—				94,247				4,878,801				—				(144,808	)			—				—				(48,610	)			(193,418	)			—				(193,418	)
1<br> to 29 days			—				183,966				—				—				35,542				219,508				—				(29,368	)			—				—				(19,690	)			(49,058	)			—				(49,058	)
30<br> to 59 days			—				55,577				—				—				36,795				92,372				—				(15,275	)			—				—				(23,168	)			(38,443	)			—				(38,443	)
60<br> a 89 days			—				23,309				—				—				24,947				48,256				—				(8,720	)			—				—				(14,914	)			(23,634	)			—				(23,634	)
> =<br> 90 days			—								—				—				103,749				103,749				—				—				—				—				(61,272	)			(61,272	)			—				(61,272	)
Subtotal			—				5,047,406				—				—				295,280				5,342,686				—				(198,171	)			—				—				(167,654	)			(365,825	)			—				(365,825	)			4,976,861

Total<br> Loans			15,273,043				22,009,508				246,259				273,695				1,002,898				38,805,403				(156,185	)			(251,806	)			(4,980	)			(80,460	)			(286,767	)			(780,198	)			(3,638	)			(783,836	)			38,021,567

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

13.	Financial assets at amortized cost, continued:
(j)	Loans and their provisions for loan losses by number of days<br>past-due, continued:
---	---
		Financial<br> assets before allowances																								Allowances<br> established
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
		Normal<br> Portfolio								Substandard<br> Portfolio				Non-Complying<br> Portfolio												Normal<br> Portfolio								Substandard<br> Portfolio				Non-Complying<br> Portfolio												Deductible <br><br> FOGAPE								Net
	****	Evaluation						****	****	Evaluation		****	****	Evaluation						****	****	Sub		****	****	Evaluation						****	****	Evaluation		****	****	Evaluation						****	****	Sub		****	****	Warranties		****	****	****		****	****	Financial		****
As of December 31, 2023	****	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			331,230				—				—				—				—				331,230				(687	)			—				—				—				—				(687	)			—				(687	)
1 to 29 days			87,768				—				—				—				—				87,768				(64	)			—				—				—				—				(64	)			—				(64	)
30 to 59 days			—				—				—				—				—				—				—				—				—				—				—				—				—				—
60 to 89 days			—				—				—				—				—				—				—				—				—				—				—				—				—				—
> =<br> 90 days			—				—				—				—				—				—				—				—				—				—				—				—				—				—
Subtotal			418,998				—				—				—				—				418,998				(751	)			—				—				—				—				(751	)			—				(751	)			418,247

Commercial loans
0 days			14,476,238				4,327,340				197,115				90,648				94,559				19,185,900				(146,690	)			(28,206	)			(8,043	)			(20,577	)			(19,228	)			(222,744	)			(8,700	)			(231,444	)
1 to 29 days			153,429				117,335				26,506				9,799				28,281				335,350				(1,805	)			(3,913	)			(894	)			(1,502	)			(5,176	)			(13,290	)			(175	)			(13,465	)
30 to 59 days			12,857				42,252				13,106				18,285				28,894				115,394				(189	)			(3,012	)			(339	)			(3,236	)			(5,519	)			(12,295	)			(89	)			(12,384	)
60 to 89 days			16				11,346				4,128				8,628				21,846				45,964				(1	)			(1,459	)			(41	)			(978	)			(4,313	)			(6,792	)			(14	)			(6,806	)
> =<br> 90 days			—				—				—				128,579				179,927				308,506				—				—				—				(48,352	)			(53,601	)			(101,953	)			(153	)			(102,106	)
Subtotal			14,642,540				4,498,273				240,855				255,939				353,507				19,991,114				(148,685	)			(36,590	)			(9,317	)			(74,645	)			(87,837	)			(357,074	)			(9,131	)			(366,205	)			19,624,909

Residential mortgage loans
0 days			—				11,732,316				—				—				51,138				11,783,454				—				(11,327	)			—				—				(3,482	)			(14,809	)			—				(14,809	)
1 to 29 days			—				208,412				—				—				30,277				238,689				—				(2,526	)			—				—				(1,915	)			(4,441	)			—				(4,441	)
30 to 59 days			—				74,184				—				—				27,826				102,010				—				(1,504	)			—				—				(1,901	)			(3,405	)			—				(3,405	)
60 to 89 days			—				29,188				—				—				18,582				47,770				—				(831	)			—				—				(1,238	)			(2,069	)			—				(2,069	)
> =<br> 90 days			—				—				—				—				131,231				131,231				—				—				—				—				(9,282	)			(9,282	)			—				(9,282	)
Subtotal			—				12,044,100				—				—				259,054				12,303,154				—				(16,188	)			—				—				(17,818	)			(34,006	)			—				(34,006	)			12,269,148

Consumer loans
0 days			—				4,767,941				—				—				91,079				4,859,020				—				(157,194	)			—				—				(46,179	)			(203,373	)			—				(203,373	)
1 to 29 days			—				178,082				—				—				28,154				206,236				—				(30,683	)			—				—				(15,171	)			(45,854	)			—				(45,854	)
30 to 59 days			—				61,487				—				—				32,197				93,684				—				(17,854	)			—				—				(19,548	)			(37,402	)			—				(37,402	)
60 a 89 days			—				22,661				—				—				27,971				50,632				—				(9,142	)			—				—				(15,796	)			(24,938	)			—				(24,938	)
> =<br> 90 days			—				—				—				—				96,864				96,864				—				—				—				—				(57,190	)			(57,190	)			—				(57,190	)
Subtotal			—				5,030,171				—				—				276,265				5,306,436				—				(214,873	)			—				—				(153,884	)			(368,757	)			—				(368,757	)			4,937,679

Total<br> Loans			15,061,538				21,572,544				240,855				255,939				888,826				38,019,702				(149,436	)			(267,651	)			(9,317	)			(74,645	)			(259,539	)			(760,588	)			(9,131	)			(769,719	)			37,249,983

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

13.	Financial assets at amortized cost, continued:

(k)	Finance lease contracts:

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

	Total receivable				Deferred interest						Net balance receivable (*)
	September		December		September			December			September		December
	2024		2023		2024			2023			2024		2023
	MCh$		MCh$		MCh$			MCh$			MCh$		MCh$
Within one year		649,611		610,657		(95,141	)		(88,444	)		554,470		522,213
From 1 to 2 years		474,818		453,713		(67,506	)		(63,079	)		407,312		390,634
From 2 to 3 years		318,207		301,560		(42,324	)		(38,839	)		275,883		262,721
From 3 to 4 years		216,326		199,376		(27,373	)		(25,018	)		188,953		174,358
From 4 to 5 years		152,061		133,011		(19,105	)		(17,248	)		132,956		115,763
After 5 years		377,707		383,050		(40,304	)		(36,064	)		337,403		346,986
Total		2,188,730		2,081,367		(291,753	)		(268,692	)		1,896,977		1,812,675
(*)	The net balance receivable does not include past-due portfolio totaling Ch$6,407 million as of September<br>30, 2024 (Ch$8,771 million in December 2023).
---	---

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 2 and 15 years.

(l)	Purchase of loan portfolio:

During the period ended as of September 30, 2024 and the year 2023 no portfolio purchases were made.

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

During the period 2024 and 2023, the following sale were made:

	September 2024
	Carrying amount		Allowances		Sale price		Effect on income<br> <br>(loss) gain
	MM$		MM$		MM$		MM$
Sale of current loans		2,558		449		2,329		220
Sale of written – off loans		—		—		—		—
Total		2,558		449		2,329		220
	September 2023
---	---	---	---	---	---	---	---	---
	Carrying amount		Allowances		Sale price		Effect on income<br> <br>(loss) gain
	MM$		MM$		MM$		MM$
Sale of current loans		16,261		43		16,261		43
Sale of written – off loans		—		—		—		—
Total		16,261		43		16,261		43
(n)	Securitization of own assets:
---	---

During the period 2024 and the year 2023, there is no securitization transactions executed involving its own assets.

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

14.	Investments in other companies:
(a)	In the item “Investments in other companies” include investments<br>of Ch$75,001 million as of September 30, 2024 (Ch$76,994 million as of December 31, 2023), as follows:
---	---
		% Ownership Interest				Assets
---	---	---	---	---	---	---	---	---	---
		September		December		September		December
		2024		2023		2024		2023
Company	Shareholder	%		%		MCh$		MCh$
Associates
Transbank S.A.	Banco de Chile		26.16		26.16		37,728		36,084
Centro de Compensación Automatizado S.A.	Banco de Chile		33.33		33.33		6,131		4,862
Redbanc S.A.	Banco de Chile		38.13		38.13		5,702		4,783
Sociedad Interbancaria de Depósitos de Valores S.A.	Banco de Chile		26.81		26.81		2,565		2,394
Administrador Financiero de Transantiago S.A. ^(4)^	Banco de Chile		20.00		20.00		2,040		4,285
Servicios de Infraestructura de Mercado OTC S.A.	Banco de Chile		12.33		12.33		1,879		1,803
Sociedad Operadora de la Cámara de Compensación de Pagos de Alto Valor S.A.	Banco de Chile		15.00		15.00		1,240		1,199
Subtotal Associates							57,285		55,410
Joint Ventures
Servipag Ltda.	Banco de Chile		50.00		50.00		9,264		7,832
Artikos Chile S.A. ^(5)^	Banco de Chile		—		50.00		—		1,840
Subtotal Joint Ventures							9,264		9,672
Subtotal							66,549		65,082
Minority Investments
Holding Bursátil Regional S.A. ^(1) (2) (3)^	Banchile Corredores de Bolsa						6,260		10,243
Banco Latinoamericano de Comercio Exterior S.A. (Bladex) ^(2)^	Banco de Chile						1,734		1,286
Bolsa Electrónica de Chile, Bolsa de Valores ^(2)^	Banchile Corredores de Bolsa						349		350
Sociedad de Telecomunicaciones Financieras Interbancarias Mundiales (Swift)	Banco de Chile						101		25
CCLV Contraparte Central S.A.	Banchile Corredores de Bolsa						8		8
Subtotal Minority Investments							8,452		11,912
Total							75,001		76,994
(1)	On November 14, 2023, the merger with Sociedad de Infraestructuras<br>de Mercado S.A. (“SIM”) was materialized, being Holding Bursátil Regional S.A. the successor of all its rights and<br>obligations. Additionally, on the same date, a capital increase of the company was carried out, through the contribution of 3,000,000<br>shares issued by the Santiago Stock Exchange, Stock Market.
---	---
(2)	Investments in shares have been irrevocably designated as<br>at fair value through other comprehensive income and, therefore, are recorded at market value in accordance with IFRS 9.
---	---
(3)	On May 3, 2024, the subsidiary Banchile Corredora de Bolsa<br>sold 546,278 shares of the entity. The fair value of the shares sold and the accumulated gain at the moment of disposal were Ch$2,294<br>and Ch$1,899 million, respectively. The result obtained has been recorded as a credit in equity accounts.
---	---
(4)	On July 18, 2024, the company reported the agreement to reduce<br>its share capital for an amount equivalent to Ch$9,810 million.
---	---
(5)	As of September 30, 2024, the investment is presented in<br>the Non-current Assets for Sale category. See Note No. 5 Relevant Events, letter (n).
---	---
(b)	The change of investments in companies registered under the equity method in the period of 2024 and 2023,<br>are as follows:
---	---
	September			September
---	---	---	---	---	---	---
	2024			2023
	MCh$			MCh$
Balance as of January 1,		65,082			56,177
Acquisition of investments in companies		—			—
Participation on income in companies with significant influence and joint control		6,738			8,346
Dividends received		(1,770	)		(3,475	)
Reclassification to Non-Current Assets for Sale (*)		(1,572	)		—
Others		(1,929	)		148
Total		66,549			61,196
(*)	See Note No. 5 Relevant Events, letter (n).
---	---
(c)	During the period ended as of September 30, 2024 and 2023 no impairment has incurred in these investments.
---	---

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

14.	Investments in other companies, continued:
(d)	Summarized Financial Information of Associates and Joint Ventures
---	---
	Associates																					Joint Ventures
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Centro de Compensación Automatizado<br><br> S.A.			Sociedad Operadora de la Cámara de Compensación de Pagos de Alto Valor S.A.			Sociedad Interbancaria de Depósito de Valores S.A.			Redbanc<br> <br>S.A.			Transbank<br><br> S.A.			Administrador Financiero de Transantiago<br><br> S.A.			Servicios de Infraestructura de Mercado<br><br> OTC S.A.			Servipag Ltda.
September 2024	MCh$			MCh$			MCh$			MCh$			MCh$			MCh$			MCh$			MCh$
Current assets		7,200			1,980			78			14,549			1,265,484			54,337			17,537			68,603
Non-current assets		14,721			7,757			9,488			15,076			163,186			790			11,127			18,012
Total Assets		21,921			9,737			9,566			29,625			1,428,670			55,127			28,664			86,615
Current liabilities		3,751			1,183			—			11,689			1,262,195			43,236			13,018			63,015
Non-current liabilities		141			422			—			3,224			22,236			2,349			690			5,072
Total Liabilities		3,892			1,605			—			14,913			1,284,431			45,585			13,708			68,087
Equity		18,029			8,132			9,566			14,712			144,239			9,542			14,948			18,528
Minority interest		—			—			—			—			—			—			8			—
Total Liabilities and Equity		21,921			9,737			9,566			29,625			1,428,670			55,127			28,664			86,615
Operating income		13,863			4,114			8			41,033			585,954			3,322			6,169			29,672
Operating expenses		(9,421	)		(3,838	)		(25	)		(37,881	)		(481,088	)		(1,665	)		(5,734	)		(26,643	)
Other expenses or income		403			255			1,320			37			(97,525	)		1,189			726			790
Gain (loss) before tax		4,845			531			1,303			3,189			7,341			2,846			1,161			3,819
Income tax		(1,200	)		(86	)		—			(779	)		(1,059	)		(644	)		(186	)		(955	)
Gain for the year		3,645			445			1,303			2,410			6,282			2,202			975			2,864
	Associates																					Joint Ventures
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Centro de Compensación Automatizado<br><br> S.A.			Sociedad Operadora de la Cámara de Compensación de Pagos de Alto Valor S.A.			Sociedad Interbancaria de Depósito de Valores S.A.			Redbanc<br> <br>S.A.			Transbank<br><br> S.A.			Administrador Financiero de Transantiago<br><br> S.A.			Servicios de Infraestructura de Mercado<br><br> OTC S.A.			Servipag Ltda.			Artikos<br> <br>Chile SA.
December 2023	MCh$			MCh$			MCh$			MCh$			MCh$			MCh$			MCh$			MCh$			MM$
Current assets		6,380			841			104			11,054			1,362,961			66,716			21,042			84,569			3,768
Non-current assets		10,983			8,377			8,834			16,275			164,518			867			12,760			18,137			1,724
Total Assets		17,363			9,218			8,938			27,329			1,527,479			67,583			33,802			102,706			5,492
Current liabilities		3,034			899			525			11,625			1,355,563			47,242			18,768			82,503			1,898
Non-current liabilities		247			496			—			3,236			36,641			—			766			4,539			406
Total Liabilities		3,281			1,395			525			14,861			1,392,204			47,242			19,534			87,042			2,304
Equity		14,082			7,823			8,413			12,468			135,275			20,341			14,259			15,664			3,188
Minority interest		—			—			—			—			—			—			9			—			—
Total Liabilities and Equity		17,363			9,218			8,938			27,329			1,527,479			67,583			33,802			102,706			5,492
Operating income		8,973			5,116			14			58,576			969,393			4,818			9,355			43,709			5,571
Operating expenses		(2,812	)		(4,823	)		(50	)		(57,847	)		(821,426	)		(2,540	)		(8,667	)		(39,366	)		(3,558	)
Other expenses or income		589			345			1,754			127			(113,486	)		2,287			743			1,503			137
Gain (loss) before tax		6,750			638			1,718			856			34,481			4,565			1,431			5,846			2,150
Income tax		(1,692	)		(66	)		—			(100	)		(7,667	)		(949	)		(430	)		(1,444	)		(511	)
Gain for the year		5,058			572			1,718			756			26,814			3,616			1,001			4,402			1,639

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

15.	Intangible Assets:
(a)	The composition of intangible assets as of September 30, 2024 and December 31, 2023, are as follows:
---	---
	Useful Life		Average remaining amortization		Gross balance				Accumulated Amortization						Net balance
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	September	December	September	December	September		December		September			December			September		December
	2024	2023	2024	2023	2024		2023		2024			2023			2024		2023
	Years	Years	Years	Years	MCh$		MCh$		MCh$			MCh$			MCh$		MCh$
Other independently originated intangible assets	6	6	5	5		364,686		322,148		(211,379	)		(184,944	)		153,307		137,204
Total						364,686		322,148		(211,379	)		(184,944	)		153,307		137,204
(b)	The change of intangible assets during the period ended as of September 30, 2024 and December 31, 2023,<br>are as follows:
---	---
	September			December
---	---	---	---	---	---	---
	2024			2023
	MCh$			MCh$
Gross Balance
Balance as of January 1,		322,148			263,268
Acquisition		42,757			59,955
Disposals/ write-downs		(219	)		(1,050	)
Impairment (*)		—			(25	)
Total		364,686			322,148
Accumulated Amortization
Balance as of January 1,		(184,944	)		(156,648	)
Amortization for the period (**)		(26,654	)		(29,346	)
Disposals/ write-downs		219			1,050
Impairment (*)		—			—
Total		(211,379	)		(184,944	)
Balance Net		153,307			137,204
(*)	See Note No. 40 Impairment of non-financial assets.
---	---
(**)	See Note No. 39 Depreciation and Amortization.
---	---
(c)	As of September 30, 2024, the Bank<br>maintains Ch$12,366 million (Ch$14,869 million as of December 31, 2023) of assets associated with technological developments.
---	---
(d)	As of September 30, 2024 and December<br>31, 2023, there are no restrictions on the intangible assets of the Bank. Furthermore, there are no intangible assets held as collateral<br>for the fulfillment of obligations.
---	---

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

16.	Property and equipment:
(a)	The properties and equipment as of September 30, 2024 and December 31, 2023 are composed as follows:
---	---
	Useful Life		Average remaining depreciation		Gross balance				Accumulated Depreciation						Net balance
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	September	December	September	December	September		December		September			December			September		December
	2024	2023	2024	2023	2024		2023		2024			2023			2024		2023
	Years	Years	Years	Years	MCh$		MCh$		MCh$			MCh$			MCh$		MCh$
Type of property and equipment:
Land and Buildings	26	26	18	18		326,676		322,766		(171,307	)		(165,286	)		155,369		157,480
Equipment	5	5	3	3		258,901		256,933		(232,608	)		(221,083	)		26,293		35,850
Others	7	7	4	4		63,922		61,118		(53,892	)		(52,791	)		10,030		8,327
Total						649,499		640,817		(457,807	)		(439,160	)		191,692		201,657
(b)	The changes in properties and equipment as of September 30, 2024 and December 31, 2023, are as follows:
---	---
	September 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		5,493			2,997			3,655			12,145
Write-downs and sales of the period		(1,583	)		(1,027	)		(851	)		(3,461	)
Impairment (**)		—			(2	)		—			(2	)
Total		326,676			258,901			63,922			649,499
Accumulated Depreciation
Balance as of January 1, 2024		(165,286	)		(221,083	)		(52,791	)		(439,160	)
Depreciation of the period (*)		(7,261	)		(12,344	)		(1,906	)		(21,511	)
Write-downs and sales of the period		1,240			819			805			2,864
Total		(171,307	)		(232,608	)		(53,892	)		(457,807	)
Balance as of September 30, 2024		155,369			26,293			10,030			191,692
	December 2023
---	---	---	---	---	---	---	---	---	---	---	---	---
	Land and Buildings			Equipment			Others			Total
	MCh$			MCh$			MCh$			MCh$
Gross Balance
Balance as of January 1, 2023		316,968			246,706			58,890			622,564
Additions		10,277			11,136			3,338			24,751
Write-downs and sales of the year		(4,479	)		(906	)		(1,110	)		(6,495	)
Impairment (***)		—			(3	)		—			(3	)
Total		322,766			256,933			61,118			640,817
Accumulated Depreciation
Balance as of January 1, 2023		(157,810	)		(203,136	)		(51,494	)		(412,440	)
Depreciation of the year		(9,295	)		(18,733	)		(2,365	)		(30,393	)
Write-downs and sales of the year		1,819			786			1,068			3,673
Total		(165,286	)		(221,083	)		(52,791	)		(439,160	)
Balance as of December 31, 2023		157,480			35,850			8,327			201,657
(*)	See Note No. 39 Depreciation and Amortization.
---	---
(**)	See Note No. 40 Impairment of non-financial assets.
---	---
(***)	Does not include provision for write-off of Property for<br>Ch$1,751 million.
---	---

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

16.	Property and equipment, continued:
(c)	As of September 30, 2024, the Bank records Ch$5,573 million (Ch$3,395 million as of December 31, 2023)<br>in assets under construction.
---	---
(d)	As of September 30, 2024 and December 31, 2023, there are no restrictions on the properties and equipment<br>of the Bank and its subsidiaries. Furthermore, there are no properties and equipment held as collateral for the fulfillment of obligations.
---	---
17.	Right-of-use assets and Lease liabilities:
---	---

(a)	The composition of the rights over leased assets as of September 30, 2024 and December 31, 2023, is as<br>follows:
	GrossBalance				Accumulated Depreciation						NetBalance
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	September		December		September			December			September		December
	2024		2023		2024			2023			2024		2023
	MCh$		MCh$		MCh$			MCh$			MCh$		MCh$
Categories
Buildings		126,130		145,849		(59,278	)		(75,361	)		66,852		70,488
Floor space for ATMs		35,714		33,060		(7,591	)		(2,669	)		28,123		30,391
Improvements to leased properties		30,046		30,426		(22,327	)		(22,416	)		7,719		8,010
Total		191,890		209,335		(89,196	)		(100,446	)		102,694		108,889
(b)	The changes of the rights over leased assets as of September 30, 2024 and December 31, 2023, is as follows:
---	---
	September2024
---	---	---	---	---	---	---	---	---	---	---	---	---
	Buildings			Floor space for ATMs			Improvements to leased properties			Total
	MCh$			MCh$			MCh$			MCh$
Gross Balance
Balance as of January 1, 2024		145,849			33,060			30,426			209,335
Additions		12,936			3,621			828			17,385
Write-downs		(32,405	)		(799	)		(1,208	)		(34,412	)
Remeasurement		(250	)		(168	)		—			(418	)
Other incremental		—			—			—			—
Total		126,130			35,714			30,046			191,890
Accumulated Depreciation
Balance as of January 1, 2024		(75,361	)		(2,669	)		(22,416	)		(100,446	)
Depreciation of the period (*)		(15,941	)		(5,721	)		(856	)		(22,518	)
Write-downs		32,024			799			945			33,768
Total		(59,278	)		(7,591	)		(22,327	)		(89,196	)
Balance as of September 30, 2024		66,852			28,123			7,719			102,694
(*)	See Note No. 39 Depreciation and Amortization.
---	---

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

17.	Right-of-use assets and Lease liabilities, continued:
	**<br><br>December 2023**
---	---	---	---	---	---	---	---	---	---	---	---	---
	Buildings			Floor space for ATMs			Improvements to leased properties			Total
	MCh$			MCh$			MCh$			MCh$
Gross Balance
Balance as of January 1, 2023		144,482			43,492			28,595			216,569
Additions		16,790			31,033			1,993			49,816
Write-downs		(14,935	)		(42,821	)		(162	)		(57,918	)
Remeasurement		(488	)		(392	)		—			(880	)
Other incremental		—			1,748			—			1,748
Total		145,849			33,060			30,426			209,335
Accumulated Depreciation
Balance as of January 1, 2023		(64,352	)		(35,735	)		(21,561	)		(121,648	)
Depreciation of the year		(21,459	)		(9,736	)		(1,017	)		(32,212	)
Write-downs		10,450			42,802			162			53,414
Total		(75,361	)		(2,669	)		(22,416	)		(100,446	)
Balance as of December 31, 2023		70,488			30,391			8,010			108,889
(c)	Below are the future maturities (including unearned interest) of the lease liabilities as of September<br>30, 2024 and December 31, 2023:
---	---
	September 2024
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	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 years and up to 5 years		Over 5 years		Total
Lease associated to:	MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Buildings		—		1,706		3,373		14,339		25,702		14,911		12,081		72,112
ATMs		—		694		1,383		6,069		15,281		7,153		50		30,630
Total		—		2,400		4,756		20,408		40,983		22,064		12,131		102,742
	December 2023
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	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 years and up to 5 years		Over 5 years		Total
Lease associated to:	MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Buildings		—		1,737		3,429		12,412		25,178		18,205		15,945		76,906
ATMs		—		641		1,275		5,538		13,932		11,449		15		32,850
Total		—		2,378		4,704		17,950		39,110		29,654		15,960		109,756

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 shall be carried out. In such cases, the lease period used to measure the liability and assets corresponds to an estimate of future renewals.

(d)	The changes of the obligations for lease liabilities and the flows for the periods 2024 and 2023 are as<br>follows:
	Total cash flow<br> <br>for the period
---	---	---	---
Lease liability	MCh$
Balances as of January 1, 2023		89,369
Liabilities for new lease agreements		16,623
Interest accrued expenses		1,335
Payments of capital and interests		(24,226	)
Remeasurement		(770	)
Derecognized contracts		(469	)
Readjustments		2,352
Balances as of September 30, 2023		84,214
Liabilities for new lease agreements		27,308
Interest accrued expenses		645
Payments of capital and interests		(7,858	)
Remeasurement		(110	)
Derecognized contracts		(4,245	)
Readjustments		1,526
Balances as of December 31, 2023		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
(e)	The future cash flows related to short-term lease agreements in effect as of September 30, 2024 correspond<br>to Ch$4,378 million (Ch$4,799 million as of December 31, 2023).
---	---
(f)	As of September 30, 2024, the minimum future rental income to be received from operating leases amounts<br>to Ch$15,240 million (Ch$15,723 million as of December 31, 2023).
---	---

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

18.	Taxes:
(a)	Current 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 Statement of Financial Position net of taxes to be recovered or payable, as applicable, as of September 30, 2024 and December 31, 2023 according to the following detail:

	September			December
	2024			2023
	MCh$			MCh$
Income tax		(231,640	)		(298,877	)
Less:
Monthly prepaid taxes		381,780			429,554
Credit for training expenses		1,146			2,300
Others		6,868			7,409
Total Tax Refundable (net)		158,154			140,386
Tax rate		27	%		27	%
	September			December
---	---	---	---	---	---	---
	2024			2023
	MCh$			MCh$
Current tax assets		158,601			141,194
Current tax liabilities		(447	)		(808	)
Total tax receivable (payable), net		158,154			140,386
(b)	Income Tax:
---	---

The effect of the tax expense during the periods between January 1 and September 30, 2024 and 2023, are broken down as follows:

	September			September
	2024			2023
	MCh$			MCh$
Income tax expense:
Current year tax		237,774			220,207
Tax Previous year		(5,343	)		—
Subtotal		232,431			220,207
(Credit) Debit for deferred taxes:
Origin and reversal of temporary differences		12,572			16,283
Subtotal		12,572			16,283
Others		(242	)		6,680
Net charge to income for income taxes		244,761			243,170

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

18.	Taxes, continued:
(c)	Reconciliation 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, 2024 and 2023:

	September 2024						September 2023
	Tax rate						Tax rate
	%			MCh$			%			MCh$
Income tax calculated on net income before tax		27.00			311,603			27.00			297,340
Additions or deductions		(1.32	)		(15,250	)		(0.08	)		(895	)
Price-level restatement		(4.45	)		(51,322	)		(4.67	)		(51,390	)
Others		(0.02	)		(270	)		(0.17	)		(1,885	)
Effective rate and income tax expense		21.21			244,761			22.08			243,170

The effective rate for income tax for the period 2024 is 21.21% (22.08% in September 2023).

(d)	Effect 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. Below are the debtor and creditor differences as of September 30, 2024:

		Balances as of December 31,				Effect<br> on								Balances<br><br> as of September30,
****	****	2023		****	****	Income		****	****	Equity		****	****	2024		****
		MCh$				MCh$				MCh$				MCh$
Debit<br> Differences:
Allowances<br> for loan losses			372,267				5,718				—				377,985
Personnel<br> provision			24,404				(6,238	)			—				18,166
Provision<br> of undrawn credit lines			3,183				(164	)			—				3,019
Staff<br> vacations provisions			12,025				(198	)			—				11,827
Accrued<br> interests adjustments from impaired loans			14,937				2,778				—				17,715
Staff<br> severance indemnities provision			1,252				(179	)			(31	)			1,042
Provision<br> of credit cards expenses			9,857				25				—				9,882
Provision<br> of accrued expenses			10,737				141				—				10,878
Adjustment<br> for valuation of investments and equity instruments at fair value through other comprehensive income			277				—				(277	)			—
Leasing			103,352				(5,270	)			—				98,082
Incomes<br> received in advance			5,149				(893	)			—				4,256
Exchange<br> rate difference			—				86				—				86
Property<br> and equipment valuation difference			2,876				2,856				—				5,732
Other<br> adjustments			31,009				(7,330	)			—				23,679
Total<br> Debit Differences			591,325				(8,668	)			(308	)			582,349

Credit<br> Differences:
Intangible<br> (software and others)			19,085				4,353				—				23,438
Adjustment<br> for valuation of investments and equity instruments at fair value through other comprehensive income			—				—				280				280
Transitory<br> assets			8,874				5,222				—				14,096
Loans<br> accrued to effective rate			2,484				(120	)			—				2,364
Prepaid<br> expenses			10,885				(3,357	)			—				7,528
Exchange<br> rate difference			1,636				(1,636	)			—				—
Activated<br> bond placement expense			5,257				(402	)			—				4,855
Other<br> adjustments			3,286				(156	)			—				3,130
Total<br> Credit Differences			51,507				3,904				280				55,691

Total,<br> Net			539,818				(12,572	)			(588	)			526,658

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

18.	Taxes, continued:
(d)	Effect of deferred taxes on income and equity, continued:
---	---

Below are the debtor and creditor differences as of December 31, 2023:

****	****	Balance as of December 31,		****	****	Effect on						****	****	Balances as of December 31,		****
****	****	2022		****	****	Income		****	****	Equity		****	****	2023		****
		MCh$				MCh$				MCh$				MCh$
Debit differences:
Allowances for loan losses			376,743				(4,476	)			—				372,267
Personnel provision			20,228				4,176				—				24,404
Provision of undrawn credit lines			3,429				(246	)			—				3,183
Staff vacations provisions			11,139				886				—				12,025
Accrued interests adjustments from impaired loans			10,305				4,632				—				14,937
Staff severance indemnities provision			1,368				(136	)			20				1,252
Provision of credit cards expenses			9,146				711				—				9,857
Provision of accrued expenses			11,829				(1,092	)			—				10,737
Adjustment for valuation of investments and equity instruments at fair value through other comprehensive income			3,670				—				(3,393	)			277
Leasing			89,821				13,531				—				103,352
Incomes received in advance			9,012				(3,863	)			—				5,149
Property and equipment valuation difference			403				2,473				—				2,876
Other adjustments			31,552				(543	)			—				31,009
Total Debit Differences			578,645				16,053				(3,373	)			591,325
Credit differences:
Intangible (software and others)			11,340				7,745				—				19,085
Transitory assets			7,953				921				—				8,874
Loans accrued to effective rate			2,441				43				—				2,484
Prepaid expenses			2,688				8,197				—				10,885
Exchange rate difference			3,406				(1,770	)			—				1,636
Activated bond placement expense			5,810				(553	)			—				5,257
Other adjustments			5,498				(2,212	)			—				3,286
Total Credit Differences			39,136				12,371				—				51,507
Total, Net			539,509				3,682				(3,373	)			539,818

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

18.	Taxes, continued:
(e)	For the purpose of complying with the Circular No. 47 issued by the Chilean Internal Revenue Service (SII)<br>and No. 3,478 issued by the CMF, dated August 18, 2009 the changes and effects generated by the application of Article 31, No. 4 of the<br>Income Tax Law are detailed below.
---	---

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

					Tax value assets
(e.1) Loans and advance to banks and Loans to customers as of September 30, 2024	Book value<br><br> assets (*)		Tax value<br><br> assets		Past-due loans with guarantees		Past-due loans without<br><br> guarantees		Total<br> <br>Past-due loans
	MCh$		MCh$		MCh$		MCh$		MCh$
Loans and advance to banks		1,696,985		1,698,082		—		—		—
Commercial loans		17,081,937		17,499,598		50,668		101,203		151,871
Consumer loans		4,976,535		5,437,085		1,171		38,027		39,198
Residential mortgage loans		12,862,595		12,907,782		12,515		876		13,391
Total		36,618,052		37,542,547		64,354		140,106		204,460
					Tax value assets
---	---	---	---	---	---	---	---	---	---	---
(e.1) Loans and advance to banks and Loans to customers as of December 31, 2023	Book value<br><br> assets (*)		Tax value<br><br> assets		Past-due loans with guarantees		Past-due loans without<br><br> guarantees		Total<br> <br>Past-due loans
	MCh$		MCh$		MCh$		MCh$		MCh$
Loans and advance to banks		2,519,180		2,519,931		—		—		—
Commercial loans		17,217,023		17,828,756		41,329		107,464		148,793
Consumer loans		4,937,304		5,331,412		1,206		37,532		38,738
Residential mortgage loans		12,269,148		12,308,025		9,301		586		9,887
Total		36,942,655		37,988,124		51,836		145,582		197,418
(*)	In accordance with the mentioned Circular and instructions from the SII, the value of Interim Financial<br>Statement assets, are presented on an individual basis (only Banco de Chile) net of allowance for loan losses and do not include lease<br>and factoring operations.
---	---

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

18.	Taxes, continued:
(e.2) Provisions on past-due loans	Balanceas of<br> <br>January 1, 2024		Charge-offs<br><br> against<br><br> provisions			Provisions<br><br> established		**<br><br>Provisions released**			Balance<br><br> as of<br><br> September 30, 2024
---	---	---	---	---	---	---	---	---	---	---	---	---
	MCh$		MCh$			MCh$		MCh$			MCh$
Commercial loans		107,464		(66,734	)		95,995		(35,522	)		101,203
Consumer loans		37,532		(247,648	)		264,356		(16,213	)		38,027
Residential mortgage loans		586		(929	)		1,936		(717	)		876
Total		145,582		(315,311	)		362,287		(52,452	)		140,106
(e.2) Provisions on past-due loans	Balanceas of<br> <br>January 1, 2023		Charge-offs<br><br> against<br><br> provisions			Provisions<br><br> established		**<br><br>Provisions released**			Balance<br><br> as of<br><br> December 31, 2023
---	---	---	---	---	---	---	---	---	---	---	---	---
	MCh$		MCh$			MCh$		MCh$			MCh$
Commercial loans		75,561		(75,702	)		137,857		(30,252	)		107,464
Consumer loans		28,448		(317,350	)		345,142		(18,708	)		37,532
Residential mortgage loans		669		(2,088	)		3,033		(1,028	)		586
Total		104,678		(395,140	)		486,032		(49,988	)		145,582
	September		December
---	---	---	---	---
(e.3) Charge-offs and recoveries	2024		2023
	MCh$		MCh$
Charge-offs Art. 31 No. 4 second subparagraph		18,662		28,434
Write-offs resulting in provisions released		61		60
Recovery or renegotiation of written-off loans		786		2,139
	September		December
---	---	---	---	---
(e.4) Application of Art. 31 No. 4 first &<br> third subsections of the income tax law	2024		2023
	MCh$		MCh$
Charge-offs in accordance with first subsection		—		—
Write-offs in accordance with third subsection		61		60

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

19.	Other Assets:

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

	September			December
	2024			2023
	MCh$			MCh$
Debtors from brokerage of financial instruments		475,865			254,360
Accounts receivable from the General Treasury of the Republic and other fiscal organizations		377,667			229,682
Cash collateral provided for derivative financial transactions		337,606			324,899
Accounts receivable from third parties		229,411			99,416
Assets to be leased out as lessor (*)		159,608			157,980
Prepaid expenses		74,862			67,804
Income from regular activities from contracts with customers		19,388			13,832
Other provided cash collateral		12,610			3,323
Investment properties		11,495			11,763
Pending transactions		2,218			3,330
Accumulated impairment in respect of other assets receivable		(2,134	)		(618	)
Other Assets		19,098			20,242
Total		1,717,694			1,186,013
(*)	Correspond to fixed assets to be delivered under the financial<br>lease modality.
---	---

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

20.	Non-current assets and disposal groups held for sale and Liabilities included in disposal groups for sale:
(a)	At the end of each period, the item is composed as follows:
---	---
	September			December
---	---	---	---	---	---	---
	2024			2023
	MCh$			MCh$
Assets received in lieu of payment or awarded at judicial sale (*)
Assets awarded at judicial sale		23,891			20,012
Assets received in lieu of payment		4,625			1,384
Provision for assets received in lieu of payment or awarded		(81	)		(60	)
Non-current assets for sale
Investments in other companies (**)		1,572			—
Assets for recovery of assets transferred in financial leasing operations		1,159			1,555
Disposal groups held for sale		—			—
Total		31,166			22,891
(*)	Assets received in lieu of payment refer to assets accepted<br>as payment for past-due or written-off debts owed by customers. The assets acquired in this manner does not exceed 20% of the Bank’s<br>effective equity.
---	---
(**)	Corresponds to investment held in Artikos Chile S.A. See Note<br>No. 5 letter (n).
---	---
(b)	The changes of the provision for assets received in lieu of payment during the period 2024 and 2023 are<br>as follows:
---	---
Provision for assets received in lieu of payment	MCh$
---	---	---	---
Balance as of January 1, 2023		25
Provisions used		(661	)
Provisions established		644
Provisions released		—
Balance as of September 30, 2023		8
Provisions used		(371	)
Provisions established		423
Provisions released		—
Balance as of December 31, 2023		60
Provisions used		(1,383	)
Provisions established		1,404
Provisions released		—
Balance as of September 30, 2024		81
(c)	The Bank does not present liabilities classified in the disposal group for sale during the periods September<br>2024 and December 2023.
---	---

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

21.	Financial liabilities held for trading at fair value through<br>profit or loss:

The item detail is as follows:

	September		December
	2024		2023
	MCh$		MCh$
Financial derivative contracts		2,203,559		2,196,921
Other financial instruments		1,486		2,305
Total		2,205,045		2,199,226
a)	As of September 30, 2024 and December 31, 2023, the Bank maintains the following debt portfolio of derivative<br>instruments:
---	---
		Notional<br> amount of contract with final expiration date in
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
		Demand								Up<br> to 1 month								Over<br> 1 month and up<br><br> to 3 months								Over<br> 3 months and up<br><br> to 12 months								Over<br> 1 year and up <br><br>to 3 years								Over<br> 3 year and up<br><br> to 5 years								Over<br> 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
		2024				2023				2024				2023				2024				2023				2024				2023				2024				2023				2024				2023				2024				2023				2024				2023				2024				2023
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$

Currency<br> forward			—				—				3,950,370				3,939,379				1,223,740				2,316,619				2,521,289				2,458,194				687,563				283,291				34,631				3,590				4,384				—				8,421,977				9,001,073				253,074				221,965
Interest<br> rate swap			—				—				489,672				512,235				1,425,185				1,843,294				5,509,735				6,210,930				7,392,967				6,735,372				3,741,368				3,815,430				3,953,620				4,322,545				22,512,547				23,439,806				626,934				817,967
Interest<br> rate swap and cross currency swap			—				—				178,707				101,948				205,204				404,210				1,816,723				1,201,167				2,812,052				3,331,601				1,917,467				1,712,666				2,834,981				2,845,087				9,765,134				9,596,679				1,319,760				1,152,057
Call<br> currency options			—				—				9,847				3,887				31,585				13,859				31,269				10,051				314				—				—				—				—				—				73,015				27,797				1,324				1,061
Put<br> currency options			—				—				10,025				4,181				32,203				51,284				42,031				124,029				13,244				19,566				—				—				—				—				97,503				199,060				2,467				3,871
Total			—				—				4,638,621				4,561,630				2,917,917				4,629,266				9,921,047				10,004,371				10,906,140				10,369,830				5,693,466				5,531,686				6,792,985				7,167,632				40,870,176				42,264,415				2,203,559				2,196,921
b)	Other instruments or financial liabilities:
---	---
	September		December
---	---	---	---	---
	2024		2023
	MCh$		MCh$
Current accounts and other demand deposits		—		—
Savings accounts and other time deposits		—		—
Debt instruments issued		—		—
Others		1,486		2,305
Total		1,486		2,305

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

22.	Financial liabilities at amortized cost:

The item detail is as follows:

	September		December
	2024		2023
	MCh$		MCh$
Current accounts and other demand deposits		13,243,711		13,321,660
Saving accounts and time deposits		14,662,443		15,365,562
Obligations by repurchase agreements and securities lending		86,696		157,173
Borrowings from financial institutions		1,144,119		5,360,715
Debt financial instruments issued		9,772,113		9,360,065
Other financial obligations		278,289		339,305
Total		39,187,371		43,904,480
(a)	Current 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
	2024		2023
	MCh$		MCh$
Current accounts		10,741,026		11,025,685
Other demand obligations		1,441,612		1,224,829
Demand deposits accounts		636,004		625,923
Other demand deposits		425,069		445,223
Total		13,243,711		13,321,660
(b)	Saving accounts and time deposits:
---	---

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

	September		December
	2024		2023
	MCh$		MCh$
Time deposits		14,272,244		14,979,565
Term savings accounts		368,436		355,725
Other term balances payable		21,763		30,272
Total		14,662,443		15,365,562

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

22.	Financial liabilities at amortized cost, continued:
(c)	Obligations 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, 2024 and December 31, 2023, the repurchase agreements are the following:

	September		December
	2024		2023
	MCh$		MCh$
Transaction with domestic banks
Repurchase agreements with other banks		—		—
Repurchase agreements with the Central Banks of Chile		—		—
Obligations from securities lending		—		—
Transaction with foreign banks
Repurchase agreements with other banks		—		—
Repurchase agreements with foreign Central Banks		—		—
Obligations from securities lending		—		—
Transaction with other domestic entities
Repurchase agreements		86,696		157,173
Obligations from securities lending		—		—
Transaction with other foreign entities
Repurchase agreements		—		—
Obligations from securities lending		—		—
Total		86,696		157,173

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, 2024 amounts to Ch$86,707 million (Ch$157,089 million in December 2023). 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.

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

22.	Financial liabilities at amortized cost, continued:
(d)	Borrowings from Financial Institutions:
---	---

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

	September		December
	2024		2023
	MCh$		MCh$
Foreign banks
Foreign trade financing
HSBC Bank		315,576		87,602
Bank of America		227,046		142,113
Bank of New York Mellon		168,521		218,686
Caixabank S.A.		125,556		48,918
Zurcher Kantonalbank		108,651		92,704
DZ Bank AG Deutsche		37,042		—
Standard Chartered Bank		3,463		119,794
Wells Fargo Bank		2,649		42,117
Citibank N.A. United State		2,023		51,297
Commerzbank AG		1,025		40,766
Others		—		92
Borrowings and other obligations
Wells Fargo Bank		138,208		132,523
Citibank N.A. United State		13,576		35,345
Citibank N.A. United Kingdom		783		—
Commerzbank AG		—		117
Others		—		60
Subtotal foreign banks		1,144,119		1,012,134
Chilean Central Bank (*)		—		4,348,581
Total		1,144,119		5,360,715
(*)	Financing provided by the Chilean Central Bank to deliver liquidity<br>to the economy and support the credit flow to households and companies, related to the Conditional Credit Facility to Increase Lending<br>(FCIC by its Spanish initials). On July 1, 2024, the last phase of the program expired and was paid in full on that date.
---	---

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

22.	Financial liabilities at amortized cost, continued:
(e)	Debt financial instruments issued:
---	---

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

	September		December
	2024		2023
	MCh$		MCh$
Letters of credit
Letters of credit for housing		991		1,433
Letters of credit for general purposes		2		11
Bonds
Current Bonds		9,771,120		9,358,621
Mortgage bonds		—		—
Total		9,772,113		9,360,065

During the period ended September 30, 2024 Banco de Chile has placed bonds for Ch$792,603 million, which corresponds to Short-Term Current Bonds and Long-Term Bonds for amounts of Ch$28,049 and Ch$764,554 million respectively, according to the following details:

Short-term Bonds

Counterparty	Currency	Amount MCh$		Annual interest rate %		Issued date	Maturity date
Wells Fargo Bank		28,049		5,46	05/07/2024	08/07/2024
Total			28,049

All values are in US Dollars.

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

22.	Financial liabilities at amortized cost, continued:

Long-Term Bonds

Serie	Currency		Terms<br> <br>Years		Issued date	Maturity 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
Subtotal
BONO HKD	HKD	52,385	10	4.22	02/02/2024	02/09/2034
Subtotal other currencies		52,385
Total		764,554

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

22.	Financial liabilities at amortized cost, continued:
(e)	Debt financial instruments issued, continued:
---	---

During the year ended December 31, 2023 Banco de Chile has placed bonds for Ch$1,224,480 million, which corresponds to Short-Term Current Bonds and Long-Term Bonds for amounts of Ch$286,354 and Ch$938,126 million respectively, according to the following details:

Short-term Bonds

Counterparty	Amount MCh$		Annual interest rate %		Issued date
Wells Fargo Bank	39,449		5.65	03/30/2023	08/01/2023
Wells Fargo Bank	39,449		5.65	03/30/2023	07/28/2023
Wells Fargo Bank	40,385		5.60	04/03/2023	10/02/2023
Wells Fargo Bank	40,425		5.56	04/04/2023	09/01/2023
Wells Fargo Bank	42,041		5.85	08/01/2023	02/01/2024
Wells Fargo Bank	42,303		5.75	08/25/2023	11/27/2023
Wells Fargo Bank	42,302		5.85	08/25/2023	01/22/2024
Total		286,354

All values are in US Dollars.

Long-Term Current Bonds

Serie	Currency	Amount MCh$		Annual interest rate %		Issued date
BCHIGI0322	UF	143,510	12	2.61	01/06/2023	09/01/2035
BCHIDG1116	CLP	9,179	4	6.55	03/16/2023	05/01/2027
BCHIDG1116	CLP	10,604	4	6.55	03/23/2023	05/01/2027
BCHIGG1121	UF	23,889	12	2.50	04/11/2023	05/01/2035
BCHICG0815	UF	18,716	9	2.65	04/28/2023	08/01/2032
BCHIGB0322	UF	16,521	11	2.78	05/18/2023	09/01/2034
BCHICH1215	UF	10,939	9	2.96	06/02/2023	12/01/2032
BCHIGB0322	UF	7,747	11	2.78	06/06/2023	09/01/2034
BCHIBU0815	UF	10,346	6	3.39	06/08/2023	08/01/2029
BCHIBU0815	UF	18,200	6	3.39	06/09/2023	08/01/2029
BCHICE1215	UF	27,024	8	2.94	06/09/2023	12/01/2031
BCHIFW1121	UF	142,385	10	2.89	06/12/2023	05/01/2033
BCHIBU0815	UF	23,372	6	3.26	06/15/2023	08/01/2029
BCHIGB0322	UF	7,217	11	2.78	06/16/2023	09/01/2034
BCHICI0815	UF	5,658	10	3.04	08/01/2023	02/01/2033
BCHICI0815	UF	18,388	10	3.35	08/18/2023	02/01/2033
BCHICH1215	UF	8,919	9	3.34	08/24/2023	12/01/2032
BCHIBO0815	UF	22,243	4	3.61	08/25/2023	02/01/2028
BCHIBO0815	UF	48,392	4	3.61	08/29/2023	02/01/2028
BCHICE1215	UF	9,349	8	3.27	08/29/2023	12/01/2031
BCHIFB1021	UF	6,996	6	4.16	11/03/2023	04/01/2029
BCHIFB1021	UF	14,667	6	4.16	11/07/2023	04/01/2029
BCHIEY1021	UF	29,979	5	4.26	11/08/2023	04/01/2028
BCHIFB1021	UF	3,335	6	4.16	11/09/2023	04/01/2029
BCHICI0815	UF	23,720	9	3.90	11/14/2023	02/01/2033
BCHICH1215	UF	6,964	9	3.90	11/14/2023	12/01/2032
BCHIFB1021	UF	22,046	6	4.16	11/15/2023	04/01/2029
BCHICE1215	UF	3,572	8	3.64	11/22/2023	12/01/2031
BCHICE1215	UF	10,748	8	3.60	11/23/2023	12/01/2031
BCHIGH1221	UF	133,306	12	3.67	12/01/2023	06/01/2035
BCHICH1215	UF	14,144	9	3.55	12/05/2023	12/01/2032
BCHICG0815	UF	9,137	9	3.31	12/18/2023	08/01/2032
BCHICH1215	UF	9,113	9	3.21	12/20/2023	12/01/2032
Subtotal			870,325
BONO MXN	MXN	31,968	4	TIE (28 days) + 0.85	06/01/2023	06/03/2027
BONO JPY		35,833	2	0.75	06/08/2023	06/16/2025
Subtotal other currencies			67,801
Total			938,126

All values are in Japanese Yen.

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

22.	Financial liabilities at amortized cost, continued:

As of September 30, 2024 and December 31, 2023, 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 Financial Obligations:

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

	September		December
	2024		2023
	MCh$		MCh$
Other Chilean financial obligations		278,289		339,281
Other financial obligations with the Public sector		—		24
Total		278,289		339,305
23.	Financial instruments of regulatory capital issued:
---	---
a)	At the end of each period, this item is composed as follows:
---	---
	September		December
---	---	---	---	---
	2024		2023
	MCh$		MCh$
Subordinated bonds
Subordinated bonds with transitory recognition		—		—
Subordinated bonds		1,068,667		1,039,814
Bonds with no fixed term of maturity		—		—
Preferred stock		—		—
Total		1,068,667		1,039,814
b)	Issuances of regulatory capital financial instruments in the year:
---	---

During the period ended September 30, 2024 and December 31, 2023, no issues of regulatory capital financial instruments have been made.

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

23.	Financial instruments of regulatory capital issued, continued:

c)	Changes in regulatory capital financial instruments:
	Subordinated<br><br> bonds			Bonds with no maturity		Preferred<br><br> shares
---	---	---	---	---	---	---	---
	MCh$			MCh$		MCh$
Balance as of January 1, 2023		1,010,905			—		—
Emissions made		—			—		—
Transaction costs		—			—		—
Transaction costs amortization		—			—		—
Accrued interest		34,903			—		—
Acquisition or redemption by the issuer		—			—		—
Modification of the issuance conditions		—			—		—
Interest and UF indexation payments to the holder		(41,541	)		—		—
Principal payments to the holder		(10,658	)		—		—
Accrued UF indexation		46,205			—		—
Exchange rate differences		—			—		—
Depreciation		—			—		—
Reappraisal		—			—		—
Expiration		—			—		—
Conversion to common shares		—			—		—
Balance as of December 31, 2023		1,039,814			—		—
Balance as of January 1, 2024		1,039,814			—		—
Emissions made		—			—		—
Transaction costs		—			—		—
Transaction costs amortization		—			—		—
Accrued interest		25,804			—		—
Acquisition or redemption by the issuer		—			—		—
Modification of the issuance conditions		—			—		—
Interest and UF indexation payments to the holder		(22,697	)		—		—
Principal payments to the holder		(5,447	)		—		—
Accrued UF indexation		31,193			—		—
Exchange rate differences		—			—		—
Depreciation		—			—		—
Reappraisal		—			—		—
Expiration		—			—		—
Conversion to common shares		—			—		—
Balance as of September 30, 2024		1,068,667			—		—

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

23.	Financial instruments of regulatory capital issued, continued:

d)	Below is the detail of the subordinated bonds due as of September 30, 2024 and December 31, 2023:
September 2024
---	---	---	---	---	---	---	---	---	---
Serie	Currency	Issuance currency amount		Interest rate %		Registration date	Maturity date	Balance due<br> MCh$
C1	UF		300,000		7.5	12/06/1999	01/01/2030		4,614
C1	UF		200,000		7.4	12/06/1999	01/01/2030		3,080
C1	UF		530,000		7.1	12/06/1999	01/01/2030		8,217
C1	UF		300,000		7.1	12/06/1999	01/01/2030		4,653
C1	UF		50,000		6.5	12/06/1999	01/01/2030		786
C1	UF		450,000		6.6	12/06/1999	01/01/2030		7,073
D1	UF		2,000,000		3.6	06/20/2002	04/01/2026		13,599
F	UF		1,000,000		5.0	11/28/2008	11/01/2033		37,255
F	UF		1,500,000		5.0	11/28/2008	11/01/2033		55,882
F	UF		759,000		4.5	11/28/2008	11/01/2033		29,296
F	UF		241,000		4.5	11/28/2008	11/01/2033		9,302
F	UF		4,130,000		4.2	11/28/2008	11/01/2033		162,285
F	UF		1,000,000		4.3	11/28/2008	11/01/2033		39,293
F	UF		70,000		4.2	11/28/2008	11/01/2033		2,758
F	UF		4,000,000		3.9	11/28/2008	11/01/2033		161,754
F	UF		2,300,000		3.8	11/28/2008	11/01/2033		93,345
G	UF		600,000		4.0	11/29/2011	11/01/2036		22,600
G	UF		50,000		4.0	11/29/2011	11/01/2036		1,883
G	UF		80,000		3.9	11/29/2011	11/01/2036		3,033
G	UF		450,000		3.9	11/29/2011	11/01/2036		17,076
G	UF		160,000		3.9	11/29/2011	11/01/2036		6,072
G	UF		1,000,000		2.7	11/29/2011	11/01/2036		42,627
G	UF		300,000		2.7	11/29/2011	11/01/2036		12,789
G	UF		1,360,000		2.6	11/29/2011	11/01/2036		58,140
J	UF		1,400,000		1.0	11/29/2011	11/01/2042		77,607
J	UF		1,500,000		1.0	11/29/2011	11/01/2042		83,263
J	UF		1,100,000		1.0	11/29/2011	11/01/2042		61,488
I	UF		900,000		1.0	11/29/2011	11/01/2040		48,897
						Total subordinated bonds due			1,068,667

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

23.	Financial instruments of regulatory capital issued, continued:

December 2023
Serie	Currency	Issuance currency amount		Interest rate %		Registration date	Maturity date	Balance due<br> MCh$
C1	UF		300,000		7.5	12/06/1999	01/01/2030		5,211
C1	UF		200,000		7.4	12/06/1999	01/01/2030		3,478
C1	UF		530,000		7.1	12/06/1999	01/01/2030		9,284
C1	UF		300,000		7.1	12/06/1999	01/01/2030		5,258
C1	UF		50,000		6.5	12/06/1999	01/01/2030		889
C1	UF		450,000		6.6	12/06/1999	01/01/2030		8,000
D1	UF		2,000,000		3.6	06/20/2002	04/01/2026		16,207
F	UF		1,000,000		5.0	11/28/2008	11/01/2033		35,658
F	UF		1,500,000		5.0	11/28/2008	11/01/2033		53,488
F	UF		759,000		4.5	11/28/2008	11/01/2033		28,118
F	UF		241,000		4.5	11/28/2008	11/01/2033		8,928
F	UF		4,130,000		4.2	11/28/2008	11/01/2033		155,976
F	UF		1,000,000		4.3	11/28/2008	11/01/2033		37,766
F	UF		70,000		4.2	11/28/2008	11/01/2033		2,652
F	UF		4,000,000		3.9	11/28/2008	11/01/2033		155,816
F	UF		2,300,000		3.8	11/28/2008	11/01/2033		89,943
G	UF		600,000		4.0	11/29/2011	11/01/2036		21,703
G	UF		50,000		4.0	11/29/2011	11/01/2036		1,809
G	UF		80,000		3.9	11/29/2011	11/01/2036		2,914
G	UF		450,000		3.9	11/29/2011	11/01/2036		16,406
G	UF		160,000		3.9	11/29/2011	11/01/2036		5,833
G	UF		1,000,000		2.7	11/29/2011	11/01/2036		41,234
G	UF		300,000		2.7	11/29/2011	11/01/2036		12,371
G	UF		1,360,000		2.6	11/29/2011	11/01/2036		56,249
J	UF		1,400,000		1.0	11/29/2011	11/01/2042		75,690
J	UF		1,500,000		1.0	11/29/2011	11/01/2042		81,211
J	UF		1,100,000		1.0	11/29/2011	11/01/2042		59,989
I	UF		900,000		1.0	11/29/2011	11/01/2040		47,733
						Total subordinated bonds due			1,039,814

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

24.	Provisions for contingencies:
(a)	At the end of each period, this item is composed as follows:
---	---
	September		December
---	---	---	---	---
	2024		2023
	MCh$		MCh$
Provisions for employee benefit obligations		128,497		154,132
Provisions for obligations of customer loyalty and merit programs		36,600		36,242
Provisions for lawsuits and litigation		1,541		1,173
Provisions for operational risk		224		341
Provisions of a bank branch abroad for profit remittances to its parent company		—		—
Provisions for reestructuring plans		—		—
Other provisions for contingencies		—		264
Total		166,862		192,152

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

24.	Provisions for contingencies, continued;
(b)	The following table shows the changes in provisions during the period 2024 and 2023:
---	---
	Provisions for<br><br> employee<br><br> benefit<br><br> obligations			Provisions of a bank branch abroad for profit remittances to its parent company		Provisions for reestructuring plans		Provisions for <br><br>lawsuits and<br><br> litigation			Provisions for<br><br> obligations of<br><br> customer loyalty and merit programs			Provisions for<br><br> operational<br><br> risk			Other<br><br> provisions for<br><br> contingencies			Total
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	MCh$			MCh$		MCh$		MCh$			MCh$			MCh$			MCh$			MCh$
Balances as of January 1, 2023		139,315			—		—		1,790			33,609			1,048			264			176,026
Provisions established		76,276			—		—		542			4,364			313			—			81,495
Provisions used		(91,555	)		—		—		(767	)		—			(729	)		—			(93,051	)
Provisions released		—			—		—		(358	)		—			(432	)		—			(790	)
Balances as of September 30, 2023		124,036			—		—		1,207			37,973			200			264			163,680
Provisions established		47,907			—		—		62			—			141			—			48,110
Provisions used		(17,811	)		—		—		(96	)		—			—			—			(17,907	)
Provisions released		—			—		—		—			(1,731	)		—			—			(1,731	)
Balances as of December 31, 2023		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

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

24.	Provisions for contingencies, continued;
(c)	Provisions for employee benefit obligations:
---	---
	September		December
---	---	---	---	---
	2024		2023
	MCh$		MCh$
Provision of short-term employee benefits		120,028		144,455
Provision of benefits to employees for contract termination		8,469		9,677
Provisión of benefits to post-employment employees		—		—
Provision of long-term employee benefits		—		—
Provision of share-based employee benefits		—		—
Provisión for obligations for defined contribution post-employment plans		—		—
Provisión for obligations for post-employment defined benefit plans		—		—
Provision for other employee obligations		—		—
Total		128,497		154,132
(d)	Provision of short-term employee benefits:
---	---
(i)	Compliance bonuses provision:
---	---
	September			September
---	---	---	---	---	---	---
	2024			2023
	MCh$			MCh$
Balances as of January 1		71,102			73,204
Net provisions established		42,285			38,830
Provisions used		(56,687	)		(60,117	)
Total		56,700			51,917
(ii)	Vacation provision:
---	---
	September			September
---	---	---	---	---	---	---
	2024			2023
	MCh$			MCh$
Balances as of January 1		43,257			41,257
Net provisions established		7,028			7,604
Provisions used		(6,479	)		(6,301	)
Total		43,806			42,560

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

24.	Provisions for contingencies, continued;
(d)	Provision of short-term employee benefits, continued:
---	---
(iii)	Provision of other benefits to personnel:
---	---
	September			September
---	---	---	---	---	---	---
	2024			2023
	MCh$			MCh$
Balances as of January 1		30,096			14,119
Net provisions established		25,035			28,696
Provisions used		(35,609	)		(23,420	)
Total		19,522			19,395
(e)	Provision of benefits to employees for contract termination:
---	---
(i)	Changes of the provision for employee benefits due to the termination of the employment contract:
---	---
	September			September
---	---	---	---	---	---	---
	2024			2023
	MCh$			MCh$
Present value of the obligations at the beginning of the period		9,677			10,735
Increase in provision		825			1,116
Benefit paid		(1,918	)		(1,717	)
Effect of change in actuarial factors		(115	)		30
Total		8,469			10,164

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

24.	Provisions for contingencies, continued;
(e)	Provision of benefits to employees for contract termination, continued:
---	---
(ii)	Net benefits expenses:
---	---
	September			September
---	---	---	---	---	---
	2024			2023
	MCh$			MCh$
Increase (decrease) in provisions		382			559
Interest cost of benefits obligations		443			557
Effect of change in actuarial factors		(115	)		30
Net benefit expenses		710			1,146
(iii)	Factors 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, 2024		December 31, <br><br>2023
	%		%
Discount rate		5.71		5.77
Salary increase rate		4.50		5.60
Payment probability		99.99		99.99

The most recent actuarial valuation of the staff severance indemnities provision was carried out the third quarter of 2024.

(f)	Employee benefits share-based provision:

As of September 30, 2024 and December 31, 2023, the Bank and its subsidiaries do not have a stock-based compensation plan.

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

25.	Provision for dividends, interests and reappraisal of financial instruments of regulatory capital issued:
(a)	The item detail is as follows:
---	---
	September		December
---	---	---	---	---
	2024		2023
	MCh$		MCh$
Provisions for dividends		460,587		611,949
Provisions for payment of interest on bonds with no fixed maturity date		—		—
Provision for revaluation of bonds without a fixed term of maturity		—		—
Total		460,587		611,949
(b)	The changes at the end of each period are as follows:
---	---
	Provisions for dividends			Provisions for payment of interest on bonds with no fixed maturity date		Provision for revaluation of bonds without a fixed term of maturity		Total
---	---	---	---	---	---	---	---	---	---	---
	MCh$			MCh$		MCh$		MCh$
Balances as of January 1, 2023		520,158			—		—		520,158
Provisions established		432,850			—		—		432,850
Provisions used		(520,158	)		—		—		(520,158	)
Provisions released		—			—		—		—
Balances as of September 30, 2023		432,850			—		—		432,850
Provisions established		179,099			—		—		179,099
Provisions used		—			—		—		—
Provisions released		—			—		—		—
Balances as of December 31, 2023		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

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

26.	Special provisions for credit risk:
a)	At the end of each period, this item is composed as follows:
---	---
	September		December
---	---	---	---	---
	2024		2023
	MCh$		MCh$
Additional loan provisions		700,252		700,252
Provisions for credit risk for contingent loans (*)		59,791		61,227
Provisions for country risk for transactions with debtors with residence abroad		11,961		7,668
Special provisions for loans abroad		—		—
Provisions for adjustments to the minimum provision required for normal portfolio with individual evaluation		—		—
Provisions constituted by credit risk as a result of additional prudential requirements		—		—
Total		772,004		769,147
(*)	The changes of provisions for credit risk for contingent loans<br>is disclosed in Note No. 13 letter f).
---	---
b)	The changes of provisions for special credit risk is as follows:
---	---
	Additional loan provisions		Provisions for credit risk for contingent loans			Provisions for<br><br> country risk<br><br> for<br><br> transactions<br><br> with debtors<br><br> with residence abroad			Total
---	---	---	---	---	---	---	---	---	---	---	---
	MCh$		MCh$			MCh$			MCh$
Balances as of January 1, 2023		700,252		57,377			8,137			765,766
Provisions established		—		—			3,565			3,565
Provisions used		—		—			—			—
Provisions released		—		(3,596	)		—			(3,596	)
Foreign exchange differences		—		282			—			282
Balances as of September 30, 2023		700,252		54,063			11,702			766,017
Provisions established		—		7,321			—			7,321
Provisions used		—		—			—			—
Provisions released		—		—			(4,034	)		(4,034	)
Foreign exchange differences		—		(157	)		—			(157	)
Balances as of December 31, 2023		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

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

27.	Other Liabilities:

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

	September		December
	2024		2023
	MCh$		MCh$
Accounts payable to third parties		504,560		342,312
Creditors for intermediation of financial instruments		381,097		252,038
Obligations for mortgage loans granted to be remit to other banks and/or real estate companies		338,871		343,546
Cash guarantees received for derivative financial transactions		181,172		172,634
Liability for income from usual activities from contracts with customers		36,921		43,877
Agreed dividends payable		14,853		12,075
VAT debit		4,557		9,286
Outstanding transactions		1,394		1,644
Other cash guarantees received		472		456
Securities to be settled		5		10,347
Other liabilities		42,014		30,523
Total		1,505,916		1,218,738

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

28.	Equity:
(a)	Capital:
---	---
(i)	Authorized, subscribed and paid shares:
---	---

As of September 30, 2024, 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, 2023), with no par value, subscribed and fully paid.

	As of <br><br>September 30, 2024
Corporate Name or Shareholders’s name	Number of<br><br> Shares		% of Equity<br><br> Holding
LQ Inversiones Financieras S.A.		46,815,289,329		46.344	%
Banco de Chile on behalf of State Street		6,675,312,420		6.608	%
Banco Santander on behalf of foreign investors		5,116,541,476		5.065	%
Banchile Corredores de Bolsa S.A.		5,001,928,210		4.952	%
Inversiones LQ-SM Limitada		4,854,988,014		4.806	%
Banco de Chile on behalf of non-resident third parties		4,074,695,796		4.034	%
JP Morgan Chase Bank		2,614,879,108		2.589	%
Ever Chile SPA		1,888,369,814		1.869	%
Banco Santander Chile		1,805,398,791		1.787	%
Banco de Chile on behalf of Citibank New York		1,221,452,838		1.209	%
Ever 1 BAE SPA		1,166,584,950		1.155	%
Larraín Vial S.A. Corredora de Bolsa		1,031,416,019		1.021	%
BCI Corredores de Bolsa S.A.		853,632,427		0.845	%
Inversiones Avenida Borgoño SPA		811,889,102		0.804	%
Santander S.A. Corredores de Bolsa Limitada		552,946,977		0.547	%
Valores Security S.A. Corredores de Bolsa		512,439,260		0.507	%
Inversiones CDP SPA		487,744,912		0.483	%
BTG Pactual Chile S.A. Corredores de Bolsa		453,419,502		0.449	%
A.F.P Cuprum S.A. for A Fund		443,665,765		0.439	%
A.F.P Habitat S.A. for A Fund		424,914,661		0.421	%
Subtotal		86,807,509,371		85.933	%
Other shareholders		14,209,571,743		14.067	%
Total		101,017,081,114		100.000	%

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

28.	Equity, continued:
(a)	Capital, continued:
---	---
(i)	Authorized, subscribed and paid shares, continued:
---	---
	As of <br><br>December 31, 2023
---	---	---	---	---	---
Corporate Name or Shareholders’s name	Number of<br><br> Shares		% of Equity<br><br> Holding
LQ Inversiones Financieras S.A.		46,815,289,329		46.344	%
Banco de Chile on behalf of State Street		5,912,541,950		5.853	%
Banco Santander on behalf of foreign investors		5,218,796,247		5.166	%
Banchile Corredores de Bolsa S.A. on behalf of third parties		5,093,108,613		5.042	%
Inversiones LQ-SM Limitada		4,854,988,014		4.806	%
Banco de Chile on behalf of non-resident third parties		4,366,453,313		4.322	%
Banco de Chile on behalf of Citibank New York		1,928,215,358		1.909	%
Ever Chile SPA		1,888,369,814		1.869	%
JP Morgan Chase Bank		1,540,646,308		1.525	%
Inversiones Avenida Borgoño SPA		1,190,565,316		1.179	%
Ever 1 BAE SPA		1,166,584,950		1.155	%
Banco Santander Chile		1,036,254,726		1.026	%
Larraín Vial S.A. Corredora de Bolsa		1,031,817,268		1.021	%
A.F.P Habitat S.A. for A Fund		599,181,211		0.593	%
BCI Corredores de Bolsa S.A.		560,782,315		0.555	%
Valores Security S.A. Corredores de Bolsa		516,827,332		0.512	%
Inversiones CDP SPA		487,744,912		0.483	%
A.F.P Cuprum S.A. for A Fund		486,057,153		0.481	%
Santander S.A. Corredores de Bolsa Limitada		477,871,060		0.473	%
BTG Pactual Chile S.A. Corredores de Bolsa		456,328,957		0.452	%
Subtotal		85,628,424,146		84.766	%
Other shareholders		15,388,656,968		15.234	%
Total		101,017,081,114		100.000	%

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

28.	Equity, continued:
(a)	Capital, continued:
---	---
(ii)	Shares:
---	---

The following table shows the changes in shares from December 31, 2023 to September 30, 2024:

	Total
	Ordinary Shares
Total shares as of December 31, 2023		101,017,081,114
Total shares as of September 30, 2024		101,017,081,114
(b)	Approval and payment of dividends:
---	---

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.

At the Bank Ordinary Shareholders’ Meeting held on March 23, 2023 it was approved the distribution and payment of dividend No. 211 of Ch$8.58200773490 per share of the Banco de Chile, with charge to the net distributable income for the year 2022. The dividends paid in the in the period 2023 amounted to Ch$866,929 million.

(c)	Provision 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 corresponding year, the value effect of the monetary unit of paid capital and reserves, as a result of any change 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, 2024 amounted to Ch$141,681 million (Ch$223,720 million as of December 31, 2023).

As indicated, as of September 30, 2024, the amount of the net income determined in accordance with the preceding paragraph is equivalent to Ch$767,645 million (Ch$1,019,914 million as of December 31, 2023). Consequently, the Bank recorded a provision for minimum dividends under “Provision for dividends, interests and reappraisal of financial instruments of regulatory capital issued” as of September 30, for an amount of Ch$460,587 million (Ch$611,949 million in December 2023), which reflects as a counterpart an equity reduction for the same amount in the item “Retained earnings”.

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

28.	Equity, continued:
(d)	Earnings per share:
---	---
(i)	Basic 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 period, excluding the average number of own shares held throughout the period.

(ii)	Diluted 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, 2024 and 2023 were determined as follows:

	September		September
	2024		2023
Basic earnings per share:
Net profits attributable to ordinary equity holders of the bank (in million of Chilean pesos)		909,326		858,091
Weighted average number of ordinary shares		101,017,081,114		101,017,081,114
Earning per shares (in Chilean pesos)		9.00		8.49
Diluted earnings per share:
Net profits attributable to ordinary equity holders of the bank (in million of Chilean pesos)		909,326		858,091
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)		9.00		8.49

As of September 30, 2024 and 2023, the Bank does not have instruments that generate dilutive effects.

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

28.	Equity, continued:
(e)	Other comprehensive income:
---	---

Below is the composition and changes of accumulated other comprehensive income as of September 30, 2024 and 2023:

	Elements that will not be reclassified in profit or loss											Elements that can be reclassified in profit or loss
	New<br><br> 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, 2023		(338	)		3,790			(932	)		2,520		268			(103,782	)		(190	)		31,382			(72,322	)		(69,802	)
Other comprehensive income for the period		(30	)		3,472			(929	)		2,513		(22,018	)		147,508			92			(38,758	)		86,824			89,337
Balances as of September 30, 2023		(368	)		7,262			(1,861	)		5,033		(21,750	)		43,726			(98	)		(7,376	)		14,502			19,535
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

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

28.	Equity, continued:
(f)	Retained earnings from previous years:
---	---

During the year 2024, the Ordinary Shareholders Meeting of Banco de Chile agreed to deduct and withhold from the year 2023 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 2022 and November 2023, amounting to Ch$223,720 million. Additionally, the board determined to retain 20% of the distributable net profit, equivalent to Ch$203,982 million.

29.	Contingencies and Commitments:
(a)	The Bank and its subsidiaries have exposures associated with contingent loans and other liabilities according<br>to the following detail:
---	---
(a.1)	Contingent loans:
---	---
	September		December
---	---	---	---	---
	2024		2023
	MCh$		MCh$
Guarantees and sureties
Guarantees and sureties in chilean currency		—		—
Guarantees and sureties in foreign currency		314,159		351,531
Letters of credit for goods circulation operations		409,763		350,604
Debt purchase commitments in local currency abroad		—		—
Transactions related to contingent events
Transactions related to contingent events in chilean currency		2,311,044		2,209,109
Transactions related to contingent events in foreign currency		459,105		431,188
Undrawn credit lines with immediate termination
Balance of lines of credit and agreed overdraft in current account – commercial loans		1,566,740		1,581,711
Balance of lines of credit on credit card – commercial loans		335,483		317,560
Balance of lines of credit and agreed overdraft in current account – consumer loans		1,492,826		1,476,241
Balance of lines of credit on credit card – consumer loans		7,258,765		6,708,946
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 credit commitments		72,536		120,545
Other credit commitments		—		—
Total		14,220,421		13,547,435

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

29.	Contingencies and Commitments, continued:
(a.2)	Responsibilities assumed to meet customer needs:
---	---
	September		December
---	---	---	---	---
	2024		2023
	MCh$		MCh$
Transactions on behalf of third parties
Collections		140,886		176,146
Placement or sale of financial instruments		—		—
Transferred financial assets managed by the bank		—		—
Third-party resources managed by the bank		1,040,557		921,105
Subtotal		1,181,443		1,097,251
Securities custody
Securities safekept by a banking subsidiary		6,621,714		6,267,729
Securities safekept by the Bank		3,211,426		3,133,770
Securities safekept deposited in another entity		19,607,737		17,238,292
Securities issued by the bank		—		—
Subtotal		29,440,877		26,639,791
Total		30,622,320		27,737,042
(b)	Lawsuits and legal proceedings:
---	---
(b.1)	Normal 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, 2024, the Bank maintain provisions for judicial contingencies amounting to Ch$1,541 million (Ch$1,173 million as of December 2023), 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, 2024
	2024		2025		2026		2027		2028		Total
	MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Legal contingencies		465		638		438		—		—		1,541
(b.2)	Contingencies for significant lawsuits in courts:
---	---

As of September 30, 2024 and December 31, 2023, there are not significant lawsuits in court that affect or may affect these Interim Consolidated Financial Statements.

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

29.	Contingencies and Commitments, continued:
(c)	Guarantees granted by operations:
---	---
i.	In subsidiary Banchile Administradora General de FondosS.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 3,451,900 maturing January 8, 2025 (UF 4,153,500, maturing on January 6, 2023). The subsidiary took a policy with Mapfre Seguros Generales S.A. for the Real State Funds by a guaranteed amount of UF 848,000.

As of September 30, 2024 and 2023, the Bank has not guaranteed mutual funds.

ii.	In subsidiary 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.

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

29.	Contingencies and Commitments, continued:
(c)	Guarantees granted by operations, continued:
---	---
	September		December
---	---	---	---	---
	2024		2023
Guarantees:	MCh$		MCh$
Shares received as collateral for simultaneous operations:
Santiago Securities Exchange, Stock Exchange		9,524		17,070
Electronic Chilean Securities Exchange, Stock Exchange		24,012		11,432
Fixed income securities delivered to guarantee CCLV system:
Santiago Securities Exchange, Stock Exchange		7,848		7,820
Fixed income securities as collateral for the Santiago Stock Exchange		2,149		2,142
Shares delivered to guarantee equity lending and short-selling:
Santiago Securities Exchange, Stock Exchange		4,585		2,350
Cash guarantees received for payment of share dividends		—		—
Cash guarantees received for operations with derivatives		4,708		1,062
Cash guarantees for operations with derivatives		5,810		6,142
Equity securities received for operations with derivatives:
Electronic Chilean Securities Exchange, Stock Exchange		55		189
Depósito Central de Valores S.A.		596		276
Total		59,287		48,483

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 maintains in favor of the Santiago Stock Exchange a guarantee in fixed income financial instruments equivalent to Ch$2,149 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, 2025, 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 317,900 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 9, 2025.

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$1,479,703.71 for variable income operations.

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

29.	Contingencies and Commitments, continued:
(c)	Guarantees 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.

iii.	In subsidiary Banchile Corredores de Seguros Ltda.:

According to established in article 58, letter D of D.F.L. 251, as of September 30, 2024 the entity maintains two insurance policies with effect from April 15, 2024 to April 14, 2025 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 Resolution No. 270 dated October 30, 2014, the Superintendency of Securities and Insurance (current<br>Commission for the Financial Market) imposed a fine of UF 50,000 to Banchile Corredores de Bolsa S.A. for violations of the second paragraph<br>of article 53 of the Securities Market Law, said company filed a claim with the competent Civil Court requesting the annulment of the<br>fine. On December 10, 2019, a judgement in the case was issued reducing the fine to the amount of UF 7,500, which was confirmed in the<br>second instance by the Illustrious Court of 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 Supreme Court ordered the hearing of the case,<br>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.

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

30.	Interest Revenue and Expenses:
(a)	At the end of the period, the summary of interest is as follows:
---	---
	For the nine-months<br><br> period ended <br><br>September 30,						07.01.2024 to			07.01.2023 to
---	---	---	---	---	---	---	---	---	---	---	---	---
	2024			2023			09.30.2024			09.30.2023
	MCh$			MCh$			MCh$			MCh$
Interest revenue		2,233,807			2,367,843			691,255			798,103
Interest expenses		(893,926	)		(1,255,198	)		(266,476	)		(421,986	)
Total net interest income		1,339,881			1,112,645			424,779			376,117
(b)	The composition of interest revenue is as follows:
---	---
	For the nine-months<br><br> period ended <br><br>September 30,						07.01.2024 to			07.01.2023 to
---	---	---	---	---	---	---	---	---	---	---	---	---
	2024			2023			09.30.2024			09.30.2023
	MCh$			MCh$			MCh$			MCh$
Financial assets at amortized cost:
Rights from resale agreements and securities lending		3,331			4,279			1,060			1,621
Debt financial instruments		47,023			10,572			3,682			3,537
Loans and advances to Banks		62,677			121,992			11,755			35,142
Commercial loans		1,031,881			1,099,394			328,967			376,309
Residential mortgage loans		303,795			271,835			104,265			92,546
Consumer Loans		615,283			578,756			201,937			200,409
Other financial instruments		54,737			44,143			16,798			17,674
Financial assets at fair value through other comprehensive income:
Debt financial instruments		142,995			263,201			34,206			80,536
Other financial instruments		—			—			—			—
Income of accounting hedges of interest rate risk		(27,915	)		(26,329	)		(11,415	)		(9,671	)
Total		2,233,807			2,367,843			691,255			798,103
(b.1)	At the end of the period, the stock of interest not recognized<br>in income is as follows:
---	---
	September		September
---	---	---	---	---
	2024		2023
	MCh$		MCh$
Commercial loans		43,965		34,544
Residential mortgage loans		5,908		3,412
Consumer Loans		3,889		4,383
Total		53,762		42,339

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

30.	Interest Revenue and Expenses, continued:
(b.2)	The amount of interest recognized on a received basis for<br>impaired portfolio in the period amounts to:
---	---
	For the nine-months period ended <br><br>September 30,				07.01.2024 to		07.01.2023 to
---	---	---	---	---	---	---	---	---
	2024		2023		09.30.2024		09.30.2023
	MCh$		MCh$		MCh$		MCh$
Commercial loans		899		633		223		239
Residential mortgage loans		2,208		1,569		849		656
Consumer Loans		—		—		—		—
Total		3,107		2,202		1,072		895
(c)	The composition of interest expenses is as follows:
---	---
	For the nine-months period ended <br><br>September 30,						07.01.2024 to			07.01.2023 to
---	---	---	---	---	---	---	---	---	---	---	---	---
	2024			2023			09.30.2024			09.30.2023
	MCh$			MCh$			MCh$			MCh$
Financial liabilities at amortized cost:
Current accounts and other demand deposits		999			967			198			222
Saving accounts and time deposits		647,887			1,015,057			188,947			337,093
Obligations by repurchase agreements and securities lending		7,659			11,641			1,674			2,379
Borrowings from financial institutions		57,474			44,579			16,556			15,808
Debt financial instruments issued		193,372			187,066			65,249			68,894
Other financial obligations		—			—			—			—
Lease liabilities		1,801			1,335			575			434
Financial instruments of regulatory capital issued		25,804			26,318			8,717			9,929
Income of accounting hedges of interest rate risk		(41,070	)		(31,765	)		(15,440	)		(12,773	)
Total		893,926			1,255,198			266,476			421,986

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

30.	Interest Revenue and Expenses, continued:

(d)	As of September 30, 2024 and 2023, the Bank uses cross currency and interest rate swaps to hedge its position<br>on changes on the fair value of corporate bonds and commercial loans and cross currency swaps to hedge the risk of variability of obligations<br>flows with foreign banks and bonds issued in foreign currency.
	For the nine-months period ended September 30,																		07.01.2024 to									07.01.2023 to
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	2024									2023									09.30.2024									09.30.2023
	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		23,779			70,168			93,947			88,585			131,814			220,399			7,973			28,530			36,503			6,983			25,057			32,040
Loss from cash flow accounting hedges		(51,694	)		(29,098	)		(80,792	)		(114,914	)		(100,049	)		(214,963	)		(19,388	)		(13,090	)		(32,478	)		(16,654	)		(12,284	)		(28,938	)
Net gain on hedge items		—			—			—			—			—			—			—			—			—			—			—			—
Total		(27,915	)		41,070			13,155			(26,329	)		31,765			5,436			(11,415	)		15,440			4,025			(9,671	)		12,773			3,102

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

31.	UF indexation revenue and expenses:
(a)	At the end of the period, the summary of UF indexation is as follows:
---	---
	For the nine-months period ended<br><br> September 30,						07.01.2024 to			07.01.2023 to
---	---	---	---	---	---	---	---	---	---	---	---	---
	2024			2023			09.30.2024			09.30.2023
	MCh$			MCh$			MCh$			MCh$
UF indexation revenue		570,342			535,453			172,542			54,190
UF indexation expenses		(324,974	)		(318,961	)		(97,248	)		(23,333	)
Total net income from UF indexation		245,368			216,492			75,294			30,857
(b)	The composition of UF indexation revenue is as follows
---	---
	For the nine-months period ended<br><br> September 30,						07.01.2024 to			07.01.2023 to
---	---	---	---	---	---	---	---	---	---	---	---	---
	2024			2023			09.30.2024			09.30.2023
	MCh$			MCh$			MCh$			MCh$
Financial assets at amortized cost:
Rights from resale agreements and securities lending		—			—			—			—
Debt financial instruments		18,166			17,753			5,477			1,669
Loans and advances to Banks		—			—			—			—
Commercial loans		220,218			204,338			66,583			21,219
Residential mortgage loans		374,756			352,340			113,832			36,489
Consumer Loans		941			1,332			272			114
Other financial instruments		2,254			1,962			516			229
Financial assets at fair value through other comprehensive income:
Debt financial instruments		17,137			19,197			4,898			637
Other financial instruments		—			—			—			—
Income of accounting hedges of UF, IVP, IPC indexation risk		(63,130	)		(61,469	)		(19,036	)		(6,167	)
Total		570,342			535,453			172,542			54,190
(b.1)	At the end of the period, the stock of UF indexation not<br>recognized in results is as follows:
---	---
	September		September
---	---	---	---	---
	2024		2023
	MCh$		MCh$
Commercial loans		4,286		4,297
Residential mortgage loans		7,387		5,373
Consumer Loans		12		8
Total		11,685		9,678

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

31.	UF indexation revenue and expenses, continued:
(b.2)	The amount of indexation recognized on the basis received<br>by the impaired portfolio in the period amounted to:
---	---
	For the nine-months period ended <br><br>September 30,				07.01.2024 to		07.01.2023 to
---	---	---	---	---	---	---	---	---
	2024		2023		09.30.2024		09.30.2023
	MCh$		MCh$		MCh$		MCh$
Commercial loans		883		1,039		309		312
Residential mortgage loans		3,578		3,646		1,200		1,257
Consumer Loans		—		—		—		—
Total		4,461		4,685		1,509		1,569
(c)	The composition of UF indexation expenses is as follows:
---	---
	For the nine-months period ended<br><br> September 30,				07.01.2024 to		07.01.2023 to
---	---	---	---	---	---	---	---	---
	2024		2023		09.30.2024		09.30.2023
	MCh$		MCh$		MCh$		MCh$
Financial liabilities at amortized cost:
Current accounts and other demand deposits		13,758		9,440		3,881		1,410
Saving accounts and time deposits		57,597		65,222		16,871		5,671
Obligations by repurchase agreements and securities lending		—		—		—		—
Borrowings from financial institutions		—		—		—		—
Debt financial instruments issued		222,426		214,684		67,109		14,721
Other financial obligations		—		—		—		—
Financial instruments of regulatory capital issued		31,193		29,615		9,387		1,531
Income of accounting hedges of UF, IVP, IPC indexation risk		—		—		—		—
Total		324,974		318,961		97,248		23,333

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

31.	UF indexation revenue and expenses, continued:
(d)	As of September 30, 2024 and 2023, the Bank uses cross currency<br>swaps to hedge the risk of variability of obligations flows with foreign banks and bonds issued in foreign currency.
---	---
	For the nine-months period ended September 30,																07.01.2024 to								07.01.2023 to
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	2024								2023								09.30.2024								09.30.2023
	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		3,087			—		3,087			2,308			—		2,308			—			—		—			2,308			—		2,308
Loss from cash flow accounting hedges		(66,217	)		—		(66,217	)		(63,777	)		—		(63,777	)		(19,036	)		—		(19,036	)		(8,475	)		—		(8,475	)
Net gain on hedge items		—			—		—			—			—		—			—			—		—			—			—		—
Total		(63,130	)		—		(63,130	)		(61,469	)		—		(61,469	)		(19,036	)		—		(19,036	)		(6,167	)		—		(6,167	)

NOTES TO THE INTERIMCONSOLIDATED 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-months period<br><br> <br>ended September 30,				07.01.2024to		07.01.2023to
	2024		2023		09.30.2024		09.30.2023
	MCh$		MCh$		MCh$		MCh$
Income from commissions and services rendered
Comissions from card services		171,464		181,974		57,299		60,036
Remuneration from administration of mutual funds, investment funds or others		103,803		87,196		37,066		29,921
Comissions from collections and payments		59,315		58,814		19,662		20,265
Comissions from portfolio management		51,081		46,343		17,362		15,813
Comissions from guarantees and letters of credit		30,624		27,507		10,519		9,505
Brand use agreement		21,188		24,947		6,900		8,643
Use of distribution channel		19,440		22,651		5,130		7,572
Insurance not related to the granting of credits to natural persons		18,971		18,697		6,519		6,375
Comissions from trading and securities management		14,668		13,057		4,600		4,599
Comissions from credit prepayments		11,123		8,045		3,864		3,001
Insurance related to the granting of credits to natural persons		9,887		11,711		2,131		4,189
Insurance not related to the granting of credits to legal entities		4,074		6,570		1,171		2,160
Comissions from lines of credit and current account overdrafts		3,740		3,707		1,243		1,250
Insurance related to the granting of credits to legal entities		1,413		1,652		386		646
Comissions from factoring operations services		975		1,028		329		352
Financial advisory services		637		1,849		397		493
Loan commissions with letters of credit		52		79		17		27
Other commission earned		19,902		14,601		6,978		5,144
Total		542,357		530,428		181,573		179,991
Expenses from commissions and services received
Commissions from card transactions		44,400		41,554		15,373		13,969
Interbank transactions		28,846		36,876		9,755		13,063
Expenses from obligations of loyalty and merit card customers programs		25,227		28,747		5,532		14,358
Commissions from use of card brands license		6,244		6,729		1,878		2,457
Comissions from securities transaction		4,056		3,854		1,339		1,205
Collections and payments		3,087		3,192		958		1,059
Other commissions from services received		3,264		3,450		1,001		945
Total		115,124		124,402		35,836		47,056

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

33.	Net Financial income (expense):
(a)	The amount of net financial income (expense) shown in the Interim Consolidated Income Statement for the<br>period corresponds to the following concepts:
---	---
	For the nine-months period ended September 30,						07.01.2024 to			07.01.2023 to
---	---	---	---	---	---	---	---	---	---	---	---	---
	2024			2023			09.30.2024			09.30.2023
Financial result from:	MCh$			MCh$			MCh$			MCh$
Financial assets held for trading at fair value through profit or loss:
Financial derivative contracts		2,733,368			4,102,782			610,101			1,306,029
Debt Financial Instruments		117,003			225,499			33,353			72,451
Other financial instruments		20,265			18,361			6,133			8,720
Financial liabilities held for trading at fair value through profit or loss:
Financial derivative contracts		(2,730,943	)		(4,106,020	)		(585,772	)		(1,384,471	)
Other financial instruments		(446	)		(324	)		(152	)		718
Subtotal		139,247			240,298			63,663			3,447
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<br> 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		220			43			(9	)		43
Financial assets at fair value through other comprehensive income		8,073			(308	)		3,221			(242	)
Financial liabilities at amortized cost		—			—			—			—
Financial instruments of regulatory capital issued		—			—			—			—
Subtotal		8,293			(265	)		3,212			(199	)
Exchange, indexation and accounting hedging of foreign currency:
Gain (loss) from foreign currency exchange		30,735			52,571			43,667			(61,464	)
Gain (loss) from indexation for exchange rate		2,987			8,719			(10,226	)		17,115
Net gain (loss) from derivatives in accounting hedges of foreign currency risk		43,718			49,483			(37,959	)		168,927
Subtotal		77,440			110,773			(4,518	)		124,578
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		—			—			—			—
Financial instruments of regulatory capital issued		—			—			—			—
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		224,980			350,806			62,357			127,826

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

33.	Net Financial income (expense), continued:

(b)	Below is a detail of the income (expense) associated with<br>the changes of provisions constituted for credit risk related to loans and contingent loans denominated in foreign currency, which is<br>reflected in “Exchange, indexation and accounting hedging of foreign currency”.
	For the nine-months<br><br> period ended <br><br>September 30,						07.01.2024 to		07.01.2023 to
---	---	---	---	---	---	---	---	---	---	---	---
	2024			2023			09.30.2024		09.30.2023
	MCh$			MCh$			MCh$		MCh$
Loans and advances to Banks		(19	)		(22	)		34		(53	)
Commercial loans		(2,007	)		(3,606	)		3,854		(8,340	)
Residential mortgage loans		—			—			—		—
Consumer loans		(28	)		(49	)		46		(103	)
Contingent loans		(325	)		(282	)		505		(1,045	)
Total		(2,379	)		(3,959	)		4,439		(9,541	)
34.	Income attributable to investments in other companies:
---	---

The income obtained from investments in companies detailed in note No. 14 corresponds to the following:

		September		September
Company	Shareholder	2024		2023
		MCh$		MCh$
Associates
Transbank S.A.	Banco de Chile		1,643		3,779
Centro de Compensación Automatizado S.A.	Banco de Chile		1,215		1,152
Redbanc S.A.	Banco de Chile		919		240
Administrador Financiero de Transantiago S.A.	Banco de Chile		441		490
Sociedad Interbancaria de Depósitos de Valores S.A.	Banco de Chile		349		317
Servicios de Infraestructura de Mercado OTC S.A.	Banco de Chile		120		106
Sociedad Operadora de la Cámara de Compensación de Pagos de Alto Valor S.A.	Banco de Chile		67		63
Subtotal Associates			4,754		6,147
Joint Ventures
Servipag Ltda.	Banco de Chile		1,432		1,646
Artikos Chile S.A.(*)	Banco de Chile		552		553
Subtotal Joint Ventures			1,984		2,199
Subtotal			6,738		8,346
Minority Investments
Holding Bursátil Regional S.A. () (*)	Banchile Corredores de Bolsa		242		—
Banco Latinoamericano de Comercio Exterior S.A. (Bladex)	Banco de Chile		83		37
Bolsa Electrónica de Chile, Bolsa de Valores	Banchile Corredores de Bolsa		18		19
CCLV Contraparte Central S.A.	Banchile Corredores de Bolsa		3		9
Sociedad de Infraestructuras de Mercado S.A. (**)	Banchile Corredores de Bolsa		—		895
Bolsa de Comercio de Santiago, Bolsa de Valores (**)	Banchile Corredores de Bolsa		—		51
Subtotal Minority Investments			346		1,011
Total			7,084		9,357
(*)	See Note No. 5 Relevant Events, letter (n)
---	---
(**)	See Note No. 14 Investments in other companies.
---	---

NOTES TO THE INTERIMCONSOLIDATED 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 2024 and 2023 is as follows:

	September			September
	2024			2023
	MCh$			MCh$
Net income from assets received in payment or adjudicated in judicial auction
Gain (loss) on sale of assets received in lieu of payment or foreclosed at judicial auction		6,978			3,977
Other income from assets received in payment or foreclosed at judicial auction		43			38
Provisions for adjustments to net realizable value of assets received in lieu of payment or foreclosed at judicial auction		(1,431	)		(647	)
Charge-off assets received in lieu of payment or foreclosed at judicial auction		(9,728	)		(4,730	)
Expenses to maintain assets received in lieu of payment or foreclosed at judicial auction		(804	)		(651	)
Non-current assets held for sale
Investments in other companies		—			—
Intangible assets		—			—
Property and equipment		880			2,258
Assets for recovery of assets transferred in financial leasing operations		1,597			1,964
Other assets		—			—
Disposal groups held for sale		—			—
Total		(2,465	)		2,209

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

36.	Other operating Income and Expenses:
a)	During the periods 2024 and 2023, the Bank and its subsidiaries present other operating income, according<br>to the following:
---	---
	September		September
---	---	---	---	---
	2024		2023
	MCh$		MCh$
Expense recovery		19,435		19,532
Income from investment properties		5,315		5,084
Revaluation of prepaid monthly payments		4,698		2,487
Foreign trade income		74		72
Revaluation of tax refunds from previous years		66		6,790
Others income		464		311
Total		30,052		34,276
b)	During the periods 2024 and 2023, the Bank and its subsidiaries present other operating expenses, according<br>to the following:
---	---
	September			September
---	---	---	---	---	---	---
	2024			2023
	MCh$			MCh$
Write-offs for operating risks		20,991			18,730
Insurance premiums expense to cover operational risk events		4,725			4,391
Expenses for credit operations of financial leasing		4,624			2,630
Legal expenses and trials		2,163			2,519
Card administration		1,989			356
Provisions for trials and litigation		368			(583	)
Life ensurance		260			213
Write-offs for commercial decisions		223			226
Expenses for charge-off leased assets recoveries		181			409
Renegotiated loan insurance premium		180			223
Valuation expense		180			194
Provision for pending operations (90 days)		24			150
Expense recovery from operational risk events		(11,555	)		(6,283	)
(Release) expense of provisions for operational risk		(124	)		(849	)
Others expenses		101			952
Total		24,330			23,278

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

37.	Expenses from salaries and employee benefits:

The composition of the expense for employee benefit obligations during the periods 2024 and 2023 is as follows:

	September		September
	2024		2023
	MCh$		MCh$
Expenses for short-term employee benefit		398,483		381,149
Expenses for employee benefits due to termination of employment contract		12,016		14,808
Training expenses		2,773		3,508
Expenses for nursery and kindergarten		1,207		1,131
Other personnel expenses		4,890		5,039
Total		419,369		405,635

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

38.	Administrative expenses:

This item is composed as follows:

	September		September
	2024		2023
	MCh$		MCh$
General administrative expenses
Information technology and communications		114,902		103,291
Maintenance and repair of property and equipment		38,896		35,837
Surveillance and securities transport services		8,483		8,292
External advisory services and professional services fees		7,118		8,254
Office supplies		6,425		6,718
External financial information and fraud prevention service		5,868		5,209
Postal box, mail, postage and home delivery services		5,021		3,343
Energy, heating and other utilities		4,430		4,160
Legal and notary expenses		4,202		3,749
External service of custody of documentation		3,443		2,916
Other expenses of obligations for lease contracts		3,163		2,981
Insurance premiums except to cover operational risk events		3,115		3,067
Donations		2,638		2,521
Representation and travel expenses		2,259		2,363
Expenses for short-term leases		2,030		2,846
Card embossing service		1,571		1,224
Fees for other technical reports		694		752
Fees for review and audit of the financial statements by the external auditor		622		648
Expenses for leases low value		423		369
Fines applied by other agencies		129		96
Other general administrative expenses		13,853		15,203
Outsource services
Technological developments expenses, certification and technology testing		17,165		17,181
Data processing		8,418		8,740
External collection service		3,634		3,297
External credit evaluation service		3,630		4,091
Call Center service for sales, marketing, quality control customer service		1,458		1,660
External human resources administration services and supply of external personnel		1,393		1,156
Other outsource services		605		724
External cleaning service, casino, custody of files and documents, storage of furniture and equipment		336		289
Board expenses
Board of Directors Compensation		2,555		2,484
Other Board expenses		70		88
Marketing		25,492		27,646
Taxes, contributions and other legal charges
Contribution to the banking regulator		11,425		11,041
Real estate contributions		4,564		3,990
Taxes other than income tax		2,059		1,852
Municipal patents		1,327		1,251
Other legal charges		51		57
Total		313,467		299,386

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

39.	Depreciation and Amortization:

The amounts corresponding to charges to results for depreciation and amortization during the periods 2024 and 2023, are detailed as follows:

	September		September
	2024		2023
	MCh$		MCh$
Amortization of intangibles assets
Other intangible assets arising from business combinations		—		—
Other independently originated intangible assets		26,654		21,352
Depreciation of property and equipment
Buildings and land		7,261		6,923
Other property and equipment		14,250		15,779
Depreciation and impairment of leased assets
Buildings and land		21,662		23,722
Other property and equipment		—		—
Depreciation for improvements in leased real estate as leased of right-to-use assets		856		744
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		70,951		68,788
40.	Impairment of non-financial assets:
---	---

As of September 30, 2024 and 2023, the composition of the item for impairment of non-financial assets is composed as follows:

	September		September
	2024		2023
	MCh$		MCh$
Impairment of intangible assets		—		25
Impairment of property and equipment		2		2
Impairment of assets from income from ordinary activities from contracts with customers		1,469		85
Total		1,471		112

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

41.	Credit loss expense:
(a)	The composition is as follows:
---	---
		For the nine-months period<br><br> <br>ended September 30,								07.01.2024 to				07.01.2023 to
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
****	****	2024		****	****	2023		****	****	09.30.2024		****	****	09.30.2023		****
		MCh$				MCh$				MCh$				MCh$
Expense of provisions established for loan credit risk			333,712				280,981				107,477				77,479
Expense of special provisions for credit risk			2,532				(31	)			(5,016	)			(956	)
Recovery of written-off credits			(46,692	)			(44,542	)			(18,385	)			(17,840	)
Impairments for credit risk from financial assets at fair value through other comprehensive income			(1,094	)			(3,057	)			(3,722	)			1,788
Total			288,458				233,351				80,354				60,471
(b)	Summary of the expense of provisions constituted for credit risk and expense for credit losses:
---	---
	Expense of loans provisions constituted in the period
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Normal<br><br> Portfolio					Substandard<br><br> Portfolio			Non-Complying Portfolio							Deductible<br><br>warranty
	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
Provisions established		328		—			—			—		—		328			—			328
Provisions released		—		—			—			—		—		—			—			—
Subtotal		328		—			—			—		—		328			—			328
Commercial loans
Provisions established		5,211		1,062			—			32,011		46,975		85,259			—			85,259
Provisions 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
Provisions established		—		—			—			—		6,811		6,811			—			6,811
Provisions released		—		(236	)		—			—		—		(236	)		—			(236	)
Subtotal		—		(236	)		—			—		6,811		6,575			—			6,575
Consumer loans
Provisions established		—		—			—			—		268,079		268,079			—			268,079
Provisions 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

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

41.	Credit loss expense, continued:

(b)	Summary of the expense of provisions constituted for credit risk and expense for credit losses, continued;

	Expense of loans provisions constituted in the period
	Normal Portfolio						Substandard Portfolio			Non-Complying Portfolio							Deductible<br><br>warranty
	Evaluation						Evaluation			Evaluation							Fogape
As of September 30, 2023	Individual			Group			Individual			Individual		Group		Subtotal			Covid-19			Total
	MCh$			MCh$			MCh$			MCh$		MCh$		MCh$			MCh$			MCh$
Loans and advances to Banks
Provisions established		59			—			—			—		—		59			—			59
Provisions released		—			—			—			—		—		—			—			—
Subtotal		59			—			—			—		—		59			—			59
Commercial loans
Provisions established		—			—			—			18,836		47,124		65,960			—			65,960
Provisions released		(5,166	)		(4,510	)		(14,241	)		—		—		(23,917	)		(19,671	)		(43,588	)
Subtotal		(5,166	)		(4,510	)		(14,241	)		18,836		47,124		42,043			(19,671	)		22,372
Residential mortgage loans
Provisions established		—			—			—			—		9,832		9,832			—			9,832
Provisions released		—			(725	)		—			—		—		(725	)		—			(725	)
Subtotal		—			(725	)		—			—		9,832		9,107			—			9,107
Consumer loans
Provisions established		—			—			—			—		252,449		252,449			—			252,449
Provisions released		—			(3,006	)		—			—		—		(3,006	)		—			(3,006	)
Subtotal		—			(3,006	)		—			—		252,449		249,443			—			249,443
Expense (release) of provisions for credit risk		(5,107	)		(8,241	)		(14,241	)		18,836		309,405		300,652			(19,671	)		280,981
Recovery of written-off credits
Loans and advances to Banks																					—
Commercial loans																					(12,875	)
Residential mortgage loans																					(8,965	)
Consumer loans																					(22,702	)
Subtotal																					(44,542	)
Loan credit loss expenses																					236,439

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-months period ended <br><br>September 30,						04.01.2024to			04.01.2023to
	2024			2023			06.30.2024			06.30.2023
	MCh$			MCh$			MCh$			MCh$
Expenses of provisions for contingent loans:
Loans and advances to Banks		—			—			—			—
Commercial loans		(1,003	)		(2,084	)		(2,020	)		429
Consumer loans		(758	)		(1,512	)		(549	)		(898	)
Expenses form provisions for country risk for transactions with debtors with residence abroad		4,293			3,565			4,293			(487	)
Expense of special provisions for loans abroad		—			—			—			—
Expenses of additional loan provisions:
Commercial loans		—			—			(6,740	)		—
Residential mortgage loans		—			—			—			—
Consumer loans		—			—			—			—
Expense of other special provisions established for credit risk		2,532			(31	)		(5,016	)		(956	)

42.	Income from discontinued operations:

As of September 30, 2024 and December 31, 2023, the Bank does not maintain income from discontinued operations.

43.	Related 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.

According to the above, 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 participation exceeds 5% of the shares, and also people who, regardless of ownership, have authority and responsibility for planning, management and control of the activities of the entity or its subsidiaries. There also are considered as related the 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.

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

43.	Related Party Disclosures, continued:
(a)	Assets and liabilities with related parties:
---	---
	Related Party Type
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
Type of current assets and liabilities with related parties<br><br>As of September 30, 2024	Parent Entity		Other Legal Entity			Key Personnel of the Consolidated Bank			Othe Related Party			Total
ASSETS	MCh$		MCh$			MCh$			MCh$			MCh$
Financial assets held for trading at fair value through profit or loss:
Derivative Financial Instruments		—		276,038			—			—			276,038
Debt financial instruments		—		—			—			—			—
Other financial instruments		—		72			—			—			72
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		—		5,536			—			—			5,536
Derivative Financial Instruments for hedging purposes		—		—			—			—			—
Financial assets at amortized cost:
Rights from resale agreements and securities lending		—		—			—			—			—
Debt financial instruments		—		—			—			—			—
Commercial loans		—		283,161			1,257			9,793			294,211
Residential mortgage loans		—		—			14,719			60,570			75,289
Consumer Loans		—		—			1,653			10,804			12,457
Allowances established – loans		—		(1,566	)		(26	)		(323	)		(1,915	)
Other assets		16		254,633			177			28			254,854
Contingent loans		—		153,793			3,793			17,810			175,396
LIABILITIES
Financial liabilities held for trading at fair value through profit or loss:
Derivative Financial Instruments		—		294,178			—			—			294,178
Financial liabilities designated as at fair value through profit or loss		—		—			—			—			—
Derivative Financial Instruments for hedging purposes		—		6,316			—			—			6,316
Financial liabilities at amortized cost:
Current accounts and other demand deposits		4,064		127,701			2,592			5,552			139,909
Saving accounts and time deposits		169,326		61,921			3,581			19,472			254,300
Obligations by repurchase agreements and securities lending		—		4,005			—			—			4,005
Borrowings from financial institutions		—		16,382			—			—			16,382
Debt financial instruments issued		—		—			—			—			—
Other financial obligations		—		—			—			—			—
Lease liabilities		—		9,731			—			—			9,731
Other liabilities		—		244,129			369			19			244,517

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

43.	Related Party Disclosures, continued:
(a)	Assets and liabilities with related parties, continued:
---	---

	Related Party Type
Type of current assets and liabilities with related partiesAsof December 31, 2023	Parent Entity		Other Legal Entity			Key Personnel of the Consolidated Bank			Othe Related Party			Total
ASSETS	MCh$		MCh$			MCh$			MCh$			MCh$
Financial assets held for trading at fair value through profit or loss:
Derivative Financial Instruments		—		212,147			—			—			212,147
Debt financial instruments		—		—			—			—			—
Other financial instruments		—		1,410			—			—			1,410
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		—		6,328			—			—			6,328
Derivative Financial Instruments for hedging purposes		—		—			—			—			—
Financial assets at amortized cost:
Rights from resale agreements and securities lending		—		—			—			—			—
Debt financial instruments		—		—			—			—			—
Commercial loans		—		199,620			1,028			11,284			211,932
Residential mortgage loans		—		—			17,975			60,153			78,128
Consumer Loans		—		—			1,969			11,744			13,713
Allowances established – loans		—		(1,709	)		(19	)		(312	)		(2,040	)
Other assets		10		169,124			13			16			169,163
Contingent loans		—		119,555			4,058			17,669			141,282
LIABILITIES
Financial liabilities held for trading at fair value through profit or loss:
Derivative Financial Instruments		—		242,098			—			—			242,098
Financial liabilities designated as at fair value through profit or loss		—		—			—			—			—
Derivative Financial Instruments for hedging purposes		—		5,674			—			—			5,674
Financial liabilities at amortized cost:
Current accounts and other demand deposits		336		200,098			2,161			7,573			210,168
Saving accounts and time deposits		85,904		160,760			4,392			24,265			275,321
Obligations by repurchase agreements and securities lending		—		2,003			—			—			2,003
Borrowings from financial institutions		—		86,642			—			—			86,642
Debt financial instruments issued		—		—			—			—			—
Other financial obligations		—		—			—			—			—
Lease liabilities		—		10,845			—			—			10,845
Other liabilities		—		152,457			493			53			153,003

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

43.	Related Party Disclosures, continued:
(b)	Income and expenses from related party transactions (*):
---	---
As of September 30, 2024	Parent Entity		Other Legal Entity			Key personnel of the consolidated Bank		Other Related party		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 expenses		—		—			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
As of September 30, 2023	Parent Entity		Other Legal Entity			Key personnel of the consolidated Bank			Other Related party			Total
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	MCh$		MCh$			MCh$			MCh$			MCh$
Interest revenue		—		20,901			399			2,000			23,300
UF indexation revenue		—		2,966			517			2,034			5,517
Income from commissions		139		79,911			15			64			80,129
Net Financial income (expense)		—		(4,009	)		—			—			(4,009	)
Other income		—		218			—			—			218
Total Income		139		99,987			931			4,098			105,155
Interest expense		1,284		5,735			468			1,914			9,401
UF indexation expenses		—		—			14			7			21
Expenses from commissions		—		23,716			—			—			23,716
Expenses credit losses (gains)		—		(2,331	)		(6	)		(68	)		(2,405	)
Expenses from salaries and employee benefits		—		276			32,344			63,735			96,355
Administrative expenses		—		9,325			2,515			105			11,945
Other expenses		—		—			2			19			21
Total Expenses		1,284		36,721			35,337			65,712			139,054
(*)	This does not constitute a Statement of Income from operations with related parties since the assets with these parties are not necessarily<br>equal to the liabilities and in each of them the total income and expenses are reflected and not those corresponding to matched operations.
---	---

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

43.	Related Party Disclosures, continued:
(c)	Transactions with related parties: Below are the individual transactions in the period with related parties that are legal persons,<br>which do not correspond to the usual operations of the line of business carried out with customers in general and when said individual<br>transactions consider a transfer of resources, services or obligations greater than UF 2,000.
---	---

As of September 30, 2024

		Description<br> of the transaction						Effect on<br> <br>Income				Effect on<br> <br>Financial position
Company<br> name	Nature<br> of the relationship with the Bank	Type<br> of service	Term	Renewal<br> conditions	Transactions<br> under equivalence conditions to those transactions with mutual independence between the parties	Amount<br> <br>MCh$		Income<br> <br>MCh$		Expenses<br> <br>MCh$		**<br><br>Accounts receivable<br> <br>MCh$**		Accounts payable<br> <br>MCh$
Ionix SPA	Other related parties	IT support services	30 days	Contract	Yes		141		—		141		—		—
Servipag Ltda.	Joint venture	IT support services	30 days	Contract	Yes		312		—		312		—		—
		Collection services	30 days	Contract	Yes		3,209		—		3,209		—		371
Bolsa de Comercio de Santiago,<br> Bolsa de Valores	Minority investments	Service of financial information	30 days	Contract	Yes		277		—		277		—		68
		Brokerage commission	30 days	Contract	Yes		288		—		288		—		—
		IT support services	30 days	Contract	Yes		231		—		231		—		—
Enex S.A.	Other related parties	Rent spaces for ATM	30 days	Contract	Yes		1,187		—		1,187		—		328
Universidad Del Desarrollo	Other related parties	Advertising services	30 days	Contract	Yes		126		—		126		—		—
Universidad Adolfo Ibañez	Other related parties	Training	30 days	Contract	Yes		127		—		127		—		—
Bolsa Electrónica de<br> Chile S.A.	Minority investments	Brokerage commission	30 days	Contract	Yes		125		—		125		—		37
		Service of financial information	30 days	Contract	Yes		76		—		76		—		—
DCV Registros S.A.	Other related parties	IT services	30 days	Contract	Yes		226		—		226		—		—
Redbanc S.A.	Associates	Electronic transaction management<br> services	30 days	Contract	Yes		13,501		—		13,501		—		1,711
		IT proyect services	30 days	Contract	Yes		115		—		115		—		—
		Fraud prevention services	30 days	Contract	Yes		93		—		93		—		—
		IT services	30 days	Contract	Yes		372		—		372		—		—
Depósito Central de<br> Valores S.A.	Other related parties	Quality control and custodial<br> services	30 days	Contract	Yes		656		—		656		—		95
		Custodial services	30 days	Contract	Yes		954		—		954		—		—
CCLV Contraparte Central S.A.	Minority investments	Brokerage commission	30 days	Contract	Yes		235		—		235		—		22
Manantial S.A.	Other related parties	General expenses	30 days	Contract	Yes		283		—		283		—		—
Sociedad Operadora de la Cámara<br> de Compensación de Pagos de Alto Valor S.A.	Associates	Collection services	30 days	Contract	Yes		630		—		630		—		86
Comder Contraparte Central<br> S.A.	Other related parties	Securities clearing services	30 days	Contract	Yes		440		—		440		—		47
Citigroup Global Markets INC	Other related parties	Brokerage commission	30 days	Contract	Yes		287		—		287		—		52
Transbank S.A.	Associates	Card processing	30 days	Contract	Yes		386		—		386		—		65
		Exchange commission	30 days	Contract	Yes		60,277		60,277		—		—		—
Centro de Compensación<br> Automatizado S.A.	Associates	Fraud prevention services	30 days	Contract	Yes		519		—		519		—		320
		Collection services	30 days	Contract	Yes		146		—		146		—		—
		Transfer services	30 days	Contract	Yes		2,097		—		2,097		—		—
Artikos Chile S.A.	Joint venture	IT support services	30 days	Contract	Yes		322		—		322		—		2
		IT services	30 days	Contract	Yes		312		—		312		—		—
Citibank N.A.	Other related parties	Connectivity business commissions	Quarterly	Contract	Yes		5,907		5,907		—		2,703		—
Nuevos Desarrollos S.A.	Other related parties	Financial lease agreements	30 days	Contract	Yes		132		—		—		—		534
Plaza Vespucio SPA	Other related parties	Financial lease agreements	30 days	Contract	Yes		95		—		—		—		183
Plaza Oeste SPA	Other related parties	Financial lease agreements	30 days	Contract	Yes		188		—		—		—		860
Plaza del Trebol SPA	Other related parties	Financial lease agreements	30 days	Contract	Yes		206		—		—		—		131
Plaza Tobalaba SPA	Other related parties	Financial lease agreements	30 days	Contract	Yes		99		—		—		—		145
Plaza la Serena SPA	Other related parties	Financial lease agreements	30 days	Contract	Yes		167		—		—		—		588
Inmobiliaria Mall Calama S.A.	Other related parties	Financial lease agreements	30 days	Contract	Yes		106		—		—		—		169

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

43.	Related Party Disclosures, continued:
(c)	Transactions with related parties, continued:
---	---

As of December 31, 2023

		Description<br> of the transaction						Effect on<br> <br>Income				Effect on<br> <br>Financial position
Company<br> name	Nature<br> of the relationship with the Bank	Type<br> of service	Term	Renewal<br> conditions	Transactions<br> under equivalence conditions to those transactions with mutual independence between the parties	Amount<br> <br>MCh$		Income<br> <br>MCh$		Expenses<br> <br>MCh$		**<br><br>Accounts receivable<br> <br>MCh$**		Accounts payable<br> <br>MCh$
Ionix SPA	Other related parties	IT license services	30 days	Contract	Yes		637		—		637		—		61
		IT support services	30 days	Contract	Yes		349		—		349		—		—
Servipag Ltda.	Joint venture	IT support services	30 days	Contract	Yes		386		—		386		—		—
		Collection services	30 days	Contract	Yes		4,358		—		4,358		—		432
		Software services	30 days	Contract	Yes		220		—		220		—		—
Bolsa de Comercio de Santiago,<br> Bolsa de Valores	Minority investments	Service of financial information	30 days	Contract	Yes		362		—		362		—		1
		Brokerage commission	30 days	Contract	Yes		344		—		344		—		—
		IT support services	30 days	Contract	Yes		289		—		289		—		—
Enex S.A.	Other related parties	Rent spaces for ATM	30 days	Contract	Yes		1,381		—		1,381		—		221
DCV Registros S.A.	Other related parties	IT services	30 days	Contract	Yes		319		—		319		—		—
CCLV Contraparte Central S.A.	Minority investments	Brokerage commission	30 days	Contract	Yes		272		—		272		—		—
Redbanc S.A.	Associates	Electronic transaction management<br> services	30 days	Contract	Yes		15,570		—		15,570		—		1,589
		IT proyect services	30 days	Contract	Yes		542		—		542		—		—
		IT services	30 days	Contract	Yes		330		—		330		—		—
		Fraud prevention services	30 days	Contract	Yes		82		—		82		—		—
Sistemas Oracle de Chile Ltda.	Other related parties	IT services	30 days	Contract	Yes		91		—		91		—		—
		IT support services	30 days	Contract	Yes		1,326		—		1,326		—		—
Depósito Central de<br> Valores S.A.	Other related parties	Quality control and custodial<br> services	30 days	Contract	Yes		1,026		—		1,026		—		42
		Custodial services	30 days	Contract	Yes		1,042		—		1,042		—		—
Manantial S.A.	Other related parties	General expenses	30 days	Contract	Yes		366		—		366		—		—
Universidad Del Desarrollo	Other related parties	Loyalty	30 days	Contract	Yes		115		—		115		—		7
Universidad Adolfo Ibañez	Other related parties	Training	30 days	Contract	Yes		334		—		334		—		—
Canal 13 S.A.	Other related parties	Advertising service	30 days	Monthly	Yes		92		—		92		—		36
Nexus S.A.	Other related parties	General income	30 days	Contract	Yes		148		148		—		—		—
		Card processing	30 days	Contract	Yes		3,487		—		3,487		—		—
		IT services	30 days	Contract	Yes		405		—		405		—		—
		Embossing services	30 days	Contract	Yes		235		—		235		—		—
		Customer product delivery services	30 days	Contract	Yes		273		—		273		—		—
		Fraud prevention services	30 days	Contract	Yes		380		—		380		—		—
Sociedad Operadora de la Cámara<br> de Compensación de Pagos de Alto Valor S.A.	Associates	Collection services	30 days	Contract	Yes		669		—		669		—		61
Comder Contraparte Central<br> S.A.	Other related parties	Securities clearing services	30 days	Contract	Yes		703		—		703		—		—
Bolsa Electrónica de<br> Chile S.A.	Minority investments	Brokerage commission	30 days	Contract	Yes		141		—		141		—		—
		Service of financial information	30 days	Contract	Yes		84		—		84		—		—
Citigroup Global Markets INC	Other related parties	Brokerage commission	30 days	Contract	Yes		363		—		363		—		—
Transbank S.A.	Associates	Card processing	30 days	Contract	Yes		580		—		580		—		51
		Project consultation	30 days	Contract	Yes		153		—		153		—		—
		Exchange commission	30 days	Contract	Yes		93,168		93,168		—		9		—
Centro de Compensación<br> Automatizado S.A.	Associates	Fraud prevention services	30 days	Contract	Yes		553		—		553		—		300
		Transfer services	30 days	Contract	Yes		2,581		—		2,581		—		—
		Collection services	30 days	Contract	Yes		180		—		180		—		—
Artikos Chile S.A.	Joint venture	IT support services	30 days	Contract	Yes		457		—		457		—		19
		IT services	30 days	Contract	Yes		383		—		383		—		—
Citibank N.A.	Other related parties	Connectivity business commissions	Quarterly	Contract	Yes		5,867		5,867		—		2,517		—
Nuevos Desarrollos S.A.	Other related parties	Financial lease agreements	30 days	Contract	Yes		335		—		—		—		129
Plaza Vespucio SPA	Other related parties	Financial lease agreements	30 days	Contract	Yes		82		—		—		—		261
Plaza Oeste SPA	Other related parties	Financial lease agreements	30 days	Contract	Yes		243		—		—		—		963
Plaza del Trébol SPA	Other related parties	Financial lease agreements	30 days	Contract	Yes		292		—		—		—		373
Plaza Tobalaba SPA	Other related parties	Financial lease agreements	30 days	Contract	Yes		128		—		—		—		229
Plaza la Serena SPA	Other related parties	Financial lease agreements	30 days	Contract	Yes		246		—		—		—		714
Inmobiliaria Mall Calama S.A.	Other related parties	Financial lease agreements	30 days	Contract	Yes		162		—		—		—		306
Plaza Antofagasta SPA	Other related parties	Financial lease agreements	30 days	Contract	Yes		87		—		—		—		—

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

43.	Related Party Disclosures, continued:

(d)	Payments to the Board of Directors and to key personnel of the management of the Bank and its subsidiaries:
	September		September
---	---	---	---	---
	2024		2023
	MCh$		MCh$
Directory:
Payment of remuneration and attendance fees of the Board of Directors - Bank and its subsidiaries		2,555		2,484
Key Personnel of the Management of the Bank and its Subsidiaries:
Payment for benefits to short-term employees		28,803		31,523
Payment for benefits to employees for termination of employment contract		3,342		821
Payment for benefits to post-employment employees		—		—
Payment for benefits to long-term employees		—		—
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		32,145		32,344
Total		34,700		34,828
(e)	Composition of the Board of Directors and key personnel of the Management of the Bank and its subsidiaries:
---	---
	September		September
---	---	---	---	---
	2024		2023
	No. Executives
Directory:
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		74		90
Division Managers / Area – Subsidiaries		28		32
Subtotal		108		128
Total		125		145

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

44.	Fair 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 befall 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 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 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 Bolsa de Comercio de Santiago, Bloomberg, LVA and Risk America, etc). This quote represents the price at which these instruments are regularly traded in the financial markets.

(iii)	Valuation 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.

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

44.	Fair Value of Financial Assets and Liabilities, continued:

(iv)	Fair 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 particular 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.

It should be noted that there is also the concept of COLVA for derivatives, which is an adjustment to the valuation if a derivative is valued with parameters other than those used in the CSA Discounting methodology, mentioned above. As the valuation methodology used by Banco de Chile is CSA Discounting, the COLVA is already part of the Mark-to-Market (MTM) of the derivative and no additional adjustment is required for this concept. In any case, the Bank measures a COLVA for internal management purposes, with respect 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 instrument at fair value through Other Comprehensive Income. Adjustments for CVA / DVA/FVA/COLVA are carried out only for derivatives. For its part, 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.

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

44.	Fair Value of Financial Assets and Liabilities, continued:
(v)	Fair 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 that 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 on a daily basis 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 analysis and information to Management.

In particular 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 of instrument 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.

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

44.	Fair Value 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 Bolsa de Comercio de Santiago (Santiago Stock Exchange) and correspond to the standard methodology used in the market.

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

To value derivatives, depends on whether they are impacted by volatility as a relevant market factor in standard valuation methodologies; for options the Black-Scholes-Merton formula is used; for the rest of the derivatives, forwards and swaps, discounted cash flows 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.

In the event that 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.

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

44.	Fair Value of Financial Assets and Liabilities, continued:

Valuation Techniques and Inputs for Level 2 Instrument:

Type of Financial Instrument	Valuation Method	Description: Inputs and Sources
Local Bank and<br><br> <br>Corporate Bonds	Discounted cash<br><br> <br>flows model	Prices (internal rates of return) are provided by third party price<br> providers that are widely used in the Chilean market.<br><br> <br><br><br> <br>Model is based on a Base Yield (Central Bank Bonds) and issuer spread.<br><br> <br><br><br> <br>The model is based on daily prices and risk/maturity similarities between<br><br> <br>Instruments.
Offshore Bank and<br><br> <br>Corporate Bonds		Prices are provided by third party price providers that are widely<br> used in the Chilean market.<br><br> <br><br><br> <br>Model is based on daily prices.
Local Central Bank<br><br> <br>and Treasury Bonds		Prices (internal rates of return) are provided by third party price<br> providers that are widely used in the Chilean market.<br><br> <br><br><br> <br>Model is based on daily prices.
Mortgage<br><br> <br>Notes		Prices (internal rates of return) are provided by third party price<br> providers that are widely used in the Chilean market.<br><br> <br><br><br> <br>Model is based on a Base Yield (Central Bank Bonds) and issuer spread.<br><br> <br><br><br> <br>The model takes into consideration daily prices and risk/maturity similarities<br> between instruments.
Time<br><br> <br>Deposits		Prices (internal rates of return) are provided by third party price<br> providers that are widely used in the Chilean market.<br><br> <br><br><br> <br>Model is based on daily prices and considers risk/maturity similarities<br> between instruments.
Cross Currency Swaps,<br><br> <br>Interest Rate Swaps,<br><br> <br>FX Forwards, Inflation<br><br> <br>Forwards		Forward Points, Inflation forecast and local swap rates are provided<br> by market brokers that are widely used in the Chilean market.<br><br> <br><br><br> <br>Offshore rates and spreads are obtained from third party price providers<br> that are widely used in the Chilean market.<br><br> <br><br><br> <br>Zero Coupon rates are calculated by using the bootstrapping method<br> over swap rates.
FX Options	Black-Scholes<br><br> <br>Model	Prices for volatility surface estimates are obtained from market brokers that are widely used in the Chilean market.

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

44.

Fair Value of Financial Assets and Liabilities, continued:

Level 3:

These are financial instruments whose fair value is determined using non-observable inputs data neither for the assets or liabilities under analysis nor for similar instruments. An adjustment to an input that is significant to the entire measurement can result in a fair value 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 Bank and<br><br> <br>Corporate Bonds	Discounted cash<br><br> <br>flows model	Since 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 (Central Bank Bonds) and issuer spread. These inputs (base yield and issuer spread) are provided on a daily basis by third party price providers that are widely used in the Chilean market.
Offshore Bank and Corporate Bonds	Discounted cash<br><br> <br>flows model	Since inputs for these types of securities are not observable by the<br> market, we model interest rate of returns for them based on a Base Yield (US-Libor) and issuer spread. These inputs (base yield and issuer<br> spread) are provided on a weekly basis by third party price providers that are widely used in the Chilean market.

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

44.	Fair Value of Financial Assets and Liabilities, continued:
(b)	Level 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
	2024		2023		2024		2023		2024		2023		2024		2023
	MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Financial Assets
Financial Assets held for trading at fair value through profit or loss
Derivative contracts financial:
Forwards		—		—		256,556		212,475		—		—		256,556		212,475
Swaps		—		—		1,827,136		1,818,155		—		—		1,827,136		1,818,155
Call Options		—		—		1,368		3,435		—		—		1,368		3,435
Put Options		—		—		1,923		1,311		—		—		1,923		1,311
Futures		—		—		—		—		—		—		—		—
Subtotal		—		—		2,086,983		2,035,376		—		—		2,086,983		2,035,376
Debt Financial Instruments:
From the Chilean Government and Central Bank		92,183		181,702		1,255,433		2,845,611		—		—		1,347,616		3,027,313
Other debt financial instruments issued in Chile		—		—		81,990		301,948		36,096		34,363		118,086		336,311
Financial debt instruments issued Abroad		—		—		—		—		—		—		—		—
Subtotal		92,183		181,702		1,337,423		3,147,559		36,096		34,363		1,465,702		3,363,624
Others		414,892		409,328		—		—		—		—		414,892		409,328
Financial Assets at fair value through Other Comprehensive Income
Debt Financial Instruments: (1)
From the Chilean Government and Central Bank		544,907		532,203		191,923		1,305,449		—		—		736,830		1,837,652
Other debt financial instruments issued in Chile		—		—		1,143,140		1,653,182		27,396		88,483		1,170,536		1,741,665
Financial debt instruments issued Abroad		—		—		47,278		207,208		—		—		47,278		207,208
Subtotal		544,907		532,203		1,382,341		3,165,839		27,396		88,483		1,954,644		3,786,525
Derivative contracts financial for hedging purposes
Forwards		—		—		—		—		—		—		—		—
Swaps		—		—		45,378		49,065		—		—		45,378		49,065
Call Options		—		—		—		—		—		—		—		—
Put Options		—		—		—		—		—		—		—		—
Futures		—		—		—		—		—		—		—		—
Subtotal		—		—		45,378		49,065		—		—		45,378		49,065
Total		1,051,982		1,123,233		4,852,125		8,397,839		63,492		122,846		5,967,599		9,643,918
Financial Liabilities
Financial liabilities held for trading at fair value through profit or loss:
Derivative contracts financial:
Forwards		—		—		253,074		221,965		—		—		253,074		221,965
Swaps		—		—		1,946,694		1,970,024		—		—		1,946,694		1,970,024
Call Options		—		—		1,324		1,061		—		—		1,324		1,061
Put Options		—		—		2,467		3,871		—		—		2,467		3,871
Futures		—		—		—		—		—		—		—		—
Subtotal		—		—		2,203,559		2,196,921		—		—		2,203,559		2,196,921
Others		—		—		1,486		2,305		—		—		1,486		2,305
Derivative contracts financial for hedging purposes
Forwards		—		—		—		—		—		—		—		—
Swaps		—		—		195,440		160,602		—		—		195,440		160,602
Call Options		—		—		—		—		—		—		—		—
Put Options		—		—		—		—		—		—		—		—
Futures		—		—		—		—		—		—		—		—
Subtotal		—		—		195,440		160,602		—		—		195,440		160,602
Total		—		—		2,400,485		2,359,828		—		—		2,400,485		2,359,828
(1)	As of September 30, 2024, 100% of instruments of Level 3 have denomination “Investment Grade”.<br>Also, 100% of total of these financial instruments correspond to domestic issuers.
---	---

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

44.	Fair Value of Financial Assets and Liabilities, continued:
(c)	Level 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 2024
	Balance as of<br> January 1, <br> 2024		Gain (Loss)<br> Recognized in <br> Income (1)		Gain (Loss)<br> Recognized in<br> Equity (2)		Purchases		Sales			Transfer from<br> Level 1 and 2		Transfer to <br> Level 1 and 2			Balance as of<br> September 30,<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		1,384		—		25,240		(31,849	)		6,958		—			36,096
Subtotal		34,363		1,384		—		25,240		(31,849	)		6,958		—			36,096
Financial Assets at fair value through Other Comprehensive Income
Debt Financial Instruments:
Other debt financial instruments issued in Chile		88,483		173		1,691		22,044		(27,961	)		3,710		(60,744	)		27,396
Subtotal		88,483		173		1,691		22,044		(27,961	)		3,710		(60,744	)		27,396
Total		122,846		1,557		1,691		47,284		(59,810	)		10,668		(60,744	)		63,492
	December 2023
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Balance as <br> of January 1,<br><br>2023		Gain (Loss)<br> Recognized in<br> Income (1)		Gain (Loss)<br> Recognized in<br> Equity (2)			Purchases		Sales			Transfer from<br> Level 1 and 2		Transfer to Level<br> 1 and 2			Balance as of<br> December 31,<br><br>2023
	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		100,519		767		—			18,085		(62,179	)		15,190		(38,019	)		34,363
Subtotal		100,519		767		—			18,085		(62,179	)		15,190		(38,019	)		34,363
Financial Assets at fair value through Other Comprehensive Income
Debt Financial Instruments:
Other debt financial instruments issued in Chile		41,283		4,093		(7,355	)		63,930		(1,695	)		3,951		(15,724	)		88,483
Subtotal		41,283		4,093		(7,355	)		63,930		(1,695	)		3,951		(15,724	)		88,483
Total		141,802		4,860		(7,355	)		82,015		(63,874	)		19,141		(53,743	)		122,846
(1)	Recorded in income under item “Net Financial income (expense)”.
---	---
(2)	Recorded in equity under item “Accumulated other comprehensive<br>income”.
---	---

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

44.	Fair Value of Financial Assets and Liabilities, continued:
(d)	Sensitivity of instruments classified in Level 3 to changes<br>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, 2024					As of December 31, 2023
	Level 3		Sensitivity to<br> changes in key<br> assumptions of<br> models			Level 3		Sensitivity to <br> changes in key<br> assumptions of <br> 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		36,096		(249	)		34,363		(696	)
Subtotal		36,096		(249	)		34,363		(696	)
Financial Assets at fair value through Other Comprehensive Income
Debt Financial Instruments:
Other debt financial instruments issued in Chile		27,396		(1,030	)		88,483		(2,721	)
Subtotal		27,396		(1,030	)		88,483		(2,721	)
Total		63,492		(1,279	)		122,846		(3,417	)

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.

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

44.	Fair Value of Financial Assets and Liabilities, continued:
(e)	Other 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 Value				Estimated Fair Value
	September		December		September		December
	2024		2023		2024		2023
	MCh$		MCh$		MCh$		MCh$
Assets
Cash and due from banks		2,112,115		2,464,648		2,112,115		2,464,648
Transactions in the course of collection		525,912		415,505		525,912		415,505
Subtotal		2,638,027		2,880,153		2,638,027		2,880,153
Financial assets at amortized cost:
Rights from resale agreements and securities lending		70,386		71,822		70,386		71,822
Debt financial instruments		933,466		1,431,083		895,564		1,368,416
Loans and advances to Banks:
Domestic banks		199,928		—		199,928		—
Central Bank of Chile		1,100,000		2,100,933		1,100,000		2,100,933
Foreign banks		397,057		418,247		396,416		412,662
Subtotal		2,700,837		4,022,085		2,662,294		3,953,833
Loans to customers, net:
Commercial loans		19,585,126		19,624,909		19,350,727		19,193,778
Residential mortgage loans		12,862,595		12,269,148		12,696,245		11,656,071
Consumer loans		4,976,861		4,937,679		5,060,013		5,025,163
Subtotal		37,424,582		36,831,736		37,106,985		35,875,012
Total		42,763,446		43,733,974		42,407,306		42,708,998
Liabilities
Transactions in the course of payment		554,374		356,871		554,374		356,871
Financial liabilities at amortized cost:
Current accounts and other demand deposits		13,243,711		13,321,660		13,243,711		13,321,660
Saving accounts and time deposits		14,662,443		15,365,562		14,669,373		15,363,772
Obligations by repurchase agreements and securities lending		86,696		157,173		86,696		157,173
Borrowings from financial institutions		1,144,119		5,360,715		1,109,789		5,152,776
Debt financial instruments issued:
Letters of credit for residential purposes		991		1,433		1,084		1,533
Letters of credit for general purposes		2		11		2		12
Bonds		9,771,120		9,358,621		9,902,048		9,090,188
Other financial obligations		278,289		339,305		278,289		339,327
Subtotal		39,187,371		43,904,480		39,290,992		43,426,441
Financial instruments of regulatory capital issued:
Subordinate bonds		1,068,667		1,039,814		1,101,352		1,035,801
Total		40,810,412		45,301,165		40,946,718		44,819,113

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.

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

44.	Fair Value of Financial Assets and Liabilities, continued:
(f)	Levels of other assets and liabilities:
---	---

The following table shows the estimated fair value of financial assets and liabilities not valued at their fair value, as of September 30, 2024 and December 31, 2023:

	Level 1Estimated Fair Value				Level 2Estimated Fair Value				Level 3Estimated Fair Value				TotalEstimated Fair Value
	September		December		September		December		September		December		September		December
	2024		2023		2024		2023		2024		2023		2024		2023
	MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Assets
Cash and due from banks		2,112,115		2,464,648		—		—		—		—		2,112,115		2,464,648
Transactions in the course of collection		525,912		415,505		—		—		—		—		525,912		415,505
Subtotal		2,638,027		2,880,153		—		—		—		—		2,638,027		2,880,153
Financial assets at amortized cost:
Rights from resale agreements and securities lending		70,386		71,822		—		—		—		—		70,386		71,822
Debt financial instruments		895,564		1,368,416		—		—		—		—		895,564		1,368,416
Loans and advances to Banks:
Domestic banks		199,928		—		—		—		—		—		199,928		—
Central Bank of Chile		1,100,000		2,100,933		—		—		—		—		1,100,000		2,100,933
Foreign banks		—		—		—		—		396,416		412,662		396,416		412,662
Subtotal		2,265,878		3,541,171		—		—		396,416		412,662		2,662,294		3,953,833
Loans to customers, net:
Commercial loans		—		—		—		—		19,350,727		19,193,778		19,350,727		19,193,778
Residential mortgage loans		—		—		—		—		12,696,245		11,656,071		12,696,245		11,656,071
Consumer loans		—		—		—		—		5,060,013		5,025,163		5,060,013		5,025,163
Subtotal		—		—		—		—		37,106,985		35,875,012		37,106,985		35,875,012
Total		4,903,905		6,421,324		—		—		37,503,401		36,287,674		42,407,306		42,708,998
Liabilities
Transactions in the course of payment		554,374		356,871		—		—		—		—		554,374		356,871
Financial liabilities at amortized cost:
Current accounts and other demand deposits		13,243,711		13,321,660		—		—		—		—		13,243,711		13,321,660
Saving accounts and time deposits		—		—		—		—		14,669,373		15,363,772		14,669,373		15,363,772
Obligations by repurchase agreements and securities lending		86,696		157,173		—		—		—		—		86,696		157,173
Borrowings from financial institutions		—		—		—		—		1,109,789		5,152,776		1,109,789		5,152,776
Debt financial instruments issued:
Letters of credit for residential purposes		—		—		1,084		1,533		—		—		1,084		1,533
Letters of credit for general purposes		—		—		2		12		—		—		2		12
Bonds		—		—		9,902,048		9,090,188		—		—		9,902,048		9,090,188
Other financial obligations		—		—		—		—		278,289		339,327		278,289		339,327
Subtotal		13,330,407		13,478,833		9,903,134		9,091,733		16,057,451		20,855,875		39,290,992		43,426,441
Financial instruments of regulatory capital issued:
Subordinate bonds		—		—		—		—		1,101,352		1,035,801		1,101,352		1,035,801
Total		13,884,781		13,835,704		9,903,134		9,091,733		17,158,803		21,891,676		40,946,718		44,819,113

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

44.	Fair Value of Financial Assets and Liabilities, continued:
(f)	Levels of other assets and liabilities, continued:
---	---

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

●	Short-term assets and liabilities: For assets and liabilities<br>with short-term maturity, it is assumed that the book values approximate to their fair value. This assumption is applied to the following<br>assets and liabilities:
Assets:		Liabilities:
---	---	---	---
-	Cash and deposits in banks	-	Current accounts and other demand deposits
-	Transactions in the course of collection	-	Transactions in the course of payments
-	Investment under resale agreements and securities loans	-	Obligations under repurchase agreements and securities loans
-	Loans and advance to domestic banks (including the Central Bank of Chile)
●	Loans to Customers and Advance to foreign banks: Fair value<br>is determined by using the discounted cash flow model and internally generated discount rates, based on internal transfer rates derived<br>from our internal transfer price process. Once the present value is determined, we deduct the related loan loss allowances in order to<br>incorporate the credit risk associated with each contract or loan. As we use internally generated parameters for valuation purposes,<br>we categorize these instruments in Level 3.
---	---
●	Debt financial instruments at amortized cost: The fair value<br>is calculated with the methodology of the Stock Exchange, using the IRR observed in the market. Because the instruments that are in this<br>category correspond to Treasury Bonds that are Benchmark, they are classified in Level 1.
---	---
●	Letters of Credit and Bonds: In order to determine the present<br>value of contractual cash flows, we apply the 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 valuation needs in terms of currency, maturities<br>and liquidity. The market interest rates 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 these financial liabilities in Level 2.
---	---
●	Saving Accounts, Time Deposits, Borrowings from Financial<br>Institutions (including the Central Bank 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 and average adjusted discount rates that derived<br>from both market rates for instruments with 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 these financial liabilities in Level 3.
---	---

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, 2024 and December 31, 2023. As these are for trading and Financial instrument at fair value through other comprehensive income are included at their fair value:

		September<br> 2024
		Demand				Up<br> to 1 month				Over<br> 1 month and up to 3 months				Over<br> 3 month and up to 12 months				Subtotal<br> up to 1 year				Over<br> 1 year and up to 3 years				Over<br> 3 year and up to 5 years				Over<br> <br>5 years				Subtotal<br> over 1 year				Total
Assets		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$
Cash and due from<br> banks			2,112,115				—				—				—				2,112,115				—				—				—				—				2,112,115
Transactions in the course<br> of collection			—				525,912				—				—				525,912				—				—				—				—				525,912
Financial assets held for trading<br> at fair value through profit or loss:
Derivative contracts financial			—				124,502				95,015				392,752				612,269				498,088				324,676				651,950				1,474,714				2,086,983
Debt financial instruments			—				1,465,702				—				—				1,465,702				—				—				—				—				1,465,702
Others			—				414,892				—				—				414,892				—				—				—				—				414,892
Financial assets at fair value<br> through other comprehensive income			—				198,618				274,511				492,557				965,686				230,879				508,212				249,867				988,958				1,954,644
Derivative contracts financial<br> for hedging purposes			—				—				11,983				602				12,585				11,469				6,004				15,320				32,793				45,378
Financial assets at amortized<br> cost:
Rights from resale agreements<br> and securities lending			—				55,554				11,312				3,520				70,386				—				—				—				—				70,386
Debt financial instruments<br> (*)			—				—				—				16,681				16,681				470,996				131,003				314,818				916,817				933,498
Loans and advances to Banks<br> (**)			—				1,417,510				41,238				239,334				1,698,082				—				—				—				—				1,698,082
Loans<br> to customers, net (**)			—				5,495,234				3,065,289				6,794,656				15,355,179				6,796,624				4,127,307				11,928,211				22,852,142				38,207,321
Total<br> financial assets			2,112,115				9,697,924				3,499,348				7,940,102				23,249,489				8,008,056				5,097,202				13,160,166				26,265,424				49,514,913
		September<br> 2024
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
		Demand				Up<br> to 1 month				Over<br> 1 month and up to 3 months				Over<br> 3 month and up to 12 months				Subtotal<br> up to 1 year				Over<br> 1 year and up to 3 years				Over<br> 3 year and up to 5 years				Over<br> <br>5 years				Subtotal<br> over 1 year				Total
Liabilities		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$
Transactions<br> in the course of payment			—				554,374				—				—				554,374				—				—				—				—				554,374
Financial<br> liabilities held for trading at fair value through profit or loss:
Derivative<br> contracts financial			—				122,357				84,968				375,991				583,316				563,709				415,639				640,895				1,620,243				2,203,559
Others			—				699				—				4				703				783				—				—				783				1,486
Derivative<br> contracts financial for hedging purposes			—				—				—				—				—				29,582				477				165,381				195,440				195,440
Financial<br> liabilities at amortized cost:
Current<br> accounts and other demand deposits			13,243,711				—				—				—				13,243,711				—				—				—				—				13,243,711
Saving<br> accounts and time deposits (***)			—				9,469,876				3,029,701				1,726,260				14,225,837				66,776				572				822				68,170				14,294,007
Obligations<br> by repurchase agreements and securities lending			—				86,129				58				509				86,696				—				—				—				—				86,696
Borrowings<br> from financial institutions			—				190,204				166,183				559,791				916,178				227,941				—				—				227,941				1,144,119
Debt<br> financial instruments issued:
Letters of credit			—				144				290				123				557				47				86				303				436				993
Bonds			—				162,012				387,565				629,148				1,178,725				2,678,197				1,909,904				4,004,294				8,592,395				9,771,120
Other<br> financial obligations			—				278,289				—				—				278,289				—				—				—				—				278,289
Lease<br> liabilities			—				2,246				4,724				18,842				25,812				38,078				21,122				11,490				70,690				96,502
Financial<br> instruments of regulatory capital issued			—				3,390				105,474				7,425				116,289				16,826				11,294				924,258				952,378				1,068,667
Total<br> financial liabilities			13,243,711				10,869,720				3,778,963				3,318,093				31,210,487				3,621,939				2,359,094				5,747,443				11,728,476				42,938,963

Mismatch			(11,131,596	)			(1,171,796	)			(279,615	)			4,622,009				(7,960,998	)			4,386,117				2,738,108				7,412,723				14,536,948				6,575,950
(*)	These balances are presented without deduction of impairment, wich amount to Ch$32 million.
---	---
(**)	These balances are presented without deduction of their respective<br>provisions, which amount to Ch$782,739 million for loans to customers and Ch$1,097 million for borrowings from financial institutions.
---	---
(***)	Excludes term saving accounts, which amount to Ch$368,436 million.
---	---

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

45.	Maturity according to their remaining Terms of Financial Assets and Liabilities, continued:

	December 2023
	Demand		Up to 1 month		Over 1 month and up to 3 months		Over 3 month and up to 12 months		Subtotal up to 1 year		Over 1 year and up to 3 years		Over 3 year and up to 5 years		Over<br> <br>5 years		Subtotal over 1 year		Total
Assets	MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Cash and due from banks		2,464,648		—		—		—		2,464,648		—		—		—		—		2,464,648
Transactions in the course of collection		—		415,505		—		—		415,505		—		—		—		—		415,505
Financial assets held for trading at fair value through profit or loss:
Derivative contracts financial		—		56,847		130,507		309,218		496,572		560,641		314,649		663,514		1,538,804		2,035,376
Debt financial instruments		—		3,363,624		—		—		3,363,624		—		—		—		—		3,363,624
Others		—		409,328		—		—		409,328		—		—		—		—		409,328
Financial assets at fair value through other comprehensive income		—		180,968		721,297		1,790,913		2,693,178		257,310		478,175		357,862		1,093,347		3,786,525
Derivative contracts financial for hedging purposes		—		—		—		14,321		14,321		1,530		21,062		12,152		34,744		49,065
Financial assets at amortized cost:
Rights from resale agreements and securities lending		—		61,005		10,322		495		71,822		—		—		—		—		71,822
Debt financial instruments (*)		—		—		—		507,261		507,261		478,818		128,728		316,334		923,880		1,431,141
Loans and advances to Banks (**)		—		2,216,942		73,506		229,483		2,519,931		—		—		—		—		2,519,931
Loans to customers, net (**)		—		5,428,312		2,587,416		6,993,529		15,009,257		7,092,458		3,965,966		11,533,023		22,591,447		37,600,704
Total financial assets		2,464,648		12,132,531		3,523,048		9,845,220		27,965,447		8,390,757		4,908,580		12,882,885		26,182,222		54,147,669
	December 2023
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Demand			Up to 1 month		Over 1 month and up to 3 months			Over 3 month and up to 12 months		Subtotal up to 1 year			Over 1 year and up to 3 years		Over 3 year and up to 5 years		Over<br> <br>5 years		Subtotal over 1 year		Total
Liabilities	MCh$			MCh$		MCh$			MCh$		MCh$			MCh$		MCh$		MCh$		MCh$		MCh$
Transactions in the course of payment		—			356,871		—			—		356,871			—		—		—		—		356,871
Financial liabilities held for trading at fair value through profit or loss:
Derivative contracts financial		—			57,324		141,764			319,273		518,361			566,762		431,076		680,722		1,678,560		2,196,921
Others		—			2,160		126			—		2,286			19		—		—		19		2,305
Derivative contracts financial for hedging purposes		—			—		—			—		—			20,505		3,189		136,908		160,602		160,602
Financial liabilities at amortized cost:
Current accounts and other demand deposits		13,321,660			—		—			—		13,321,660			—		—		—		—		13,321,660
Saving accounts and time deposits (***)		—			10,037,240		3,459,981			1,450,857		14,948,078			60,622		595		542		61,759		15,009,837
Obligations by repurchase agreements and securities lending		—			157,015		158			—		157,173			—		—		—		—		157,173
Borrowings from financial institutions		—			44,387		65,902			5,091,283		5,201,572			159,143		—		—		159,143		5,360,715
Debt financial instruments issued					—
Letters of credit		—			175		282			416		873			171		80		320		571		1,444
Bonds		—			52,443		186,629			956,608		1,195,680			2,138,820		2,075,249		3,948,872		8,162,941		9,358,621
Other financial obligations		—			339,293		—			12		339,305			—		—		—		—		339,305
Lease liabilities		—			2,181		4,314			16,655		23,150			35,619		27,835		14,876		78,330		101,480
Financial instruments of regulatory capital issued		—			1,472		—			113,256		114,728			18,826		10,216		896,044		925,086		1,039,814
Total financial liabilities		13,321,660			11,050,561		3,859,156			7,948,360		36,179,737			3,000,487		2,548,240		5,678,284		11,227,011		47,406,748
Mismatch		(10,857,012	)		1,081,970		(336,108	)		1,896,860		(8,214,290	)		5,390,270		2,360,340		7,204,601		14,955,211		6,740,921
(*)	These balances are presented without deduction of impairment, wich amount to Ch$58 million.
---	---
(**)	These balances are presented without deduction of their respective<br>provisions, which amount to Ch$768,968 million for loans to customers and Ch$751 million for borrowings from financial institutions.
---	---
(**)	Excludes term saving accounts, which amount to Ch$355,725 million.
---	---

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

46.	Financial and Non-Financial Assets and Liabilities by Currency:
As of September 30, 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 assets			21,190,208				21,858,337				159,326				5,075,648				—				32,073				241,218				115,537				17,872				19,883				20,943		48,731,045
Non-Financial<br> assets			2,450,332				43,271				11,310				450,443				—				—				1,448				—				—				—				9		2,956,813
Total<br> Assets			23,640,540				21,901,608				170,636				5,526,091				—				32,073				242,666				115,537				17,872				19,883				20,952		51,687,858

Liabilities
Financial liabilities			25,463,468				10,683,881				703				5,616,680				—				8,222				209,336				298,799				229,090				5				797,215		43,307,399
Non-Financial<br> liabilities			2,236,710				349,385				1,138				313,765				—				33				4,594				1				96				—				94		2,905,816
Total<br> Liabilities			27,700,178				11,033,266				1,841				5,930,445				—				8,255				213,930				298,800				229,186				5				797,309		46,213,215

Mismatch<br> of Financial Assets and Liabilities (*)			(4,273,260	)			11,174,456				158,623				(541,032	)			—				23,851				31,882				(183,262	)			(211,218	)			19,878				(776,272	)	5,423,646

All values are in US Dollars.

(*) This value does not consider non-financial assets and liabilities and the notional values of derivative instruments, which are disclosed at fair value.

As of December 31, 2023	CLP			CLF		FX Indexation				COP				CHF					CNY	Others		TOTAL
	MCh$			MCh$		MCh$		MCh		MCh$	MCh	MCh		MCh$			MCh		MCh$	MCh$		MCh$
Assets
Financial assets		26,148,436			21,213,688		145,584		5,593,508		—		42,300		176,380			3,988		18,085		16,225	19,698		53,377,892
Non-Financial assets		2,024,900			30,487		13,710		344,211		—		23		1,290			1		—		—	38		2,414,660
Total Assets		28,173,336			21,244,175		159,294		5,937,719		—		42,323		177,670			3,989		18,085		16,225	19,736		55,792,552
Liabilities
Financial liabilities		29,851,084			10,433,590		278		6,018,902		—		9,951		195,818			291,397		226,389		5,716	729,348		47,762,473
Non-Financial liabilities		2,184,491			350,671		721		252,956		—		47		3,811			6		12		5	74		2,792,794
Total Liabilities		32,035,575			10,784,261		999		6,271,858		—		9,998		199,629			291,403		226,401		5,721	729,422		50,555,267
Mismatch of Financial Assets and Liabilities (*)		(3,702,648	)		10,780,098		145,306		(425,394	)	—		32,349		(19,438	)		(287,409	)	(208,304	)	10,509	(709,650	)	5,615,419

All values are in US Dollars.

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

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47.	Risk Management and Report:

(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 in order 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 this, 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 Management Structure

Credit, Market and Operational Risk Management are at the 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 Board of Directors of Banco de Chile establishes the risk policies, the Risk Appetite Framework, and the guidelines for the development, validation and monitoring of models. Likewise, it approves the provision models, the Additional Provisions Policy and pronounces annually on the sufficient provisions. Also, it ratifies the strategies, policies, functional structure and comprehensive management model of Operational Risk and is in charge of guaranteeing the consistency of this model with the Bank’s strategy, ensuring proper implementation of the model in the organization. Along with this, 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 of the evolution of the different risk areas, participating through its Finance, International and Financial Risk, Credit, Portfolio Risk Committee, Higher Committee Operational Risk and Capital Management, in which the status of credit, market and operational risks and the Bank’s capital management are reviewed.

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

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

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47.	Risk Management and Report, continued:

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

It should be noted that in August 2024, the Corporate Risk Division was established, which consolidates the previous risk divisions (Wholesale Credit Risk Division and the Retail Credit Risk and Global Risk Control Division). Contribute 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, contributing comprehensively to capital management.

Likewise, it continually manages risk knowledge from a comprehensive approach, in order to contribute to the business and anticipate threats that may damage the solvency and quality of the portfolio, permeating a unique risk culture towards the Corporation, promoting 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 Risk: Is responsible for developing the function of measuring, limiting, controlling and<br>reporting market risk, along with defining valuation standards and managing the Bank’s assets and liabilities.
-	Wholesale 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 and products for this portfolio, ensuring<br>coherence, compliance and consistency of policies. of credit risk both in the bank and in its subsidiaries.
---	---
-	Retail Admission, Regulations and Risk Transformation: Responsible for defining the credit risk<br>management framework, both for reactive and proactive retail origination, within the defined regulatory scope and risk appetite established<br>by the Bank. Also, the maintenance and implementation 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 Asset Management: is responsible for the collection of credits from all of the Bank’s customer<br>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 controlling 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.

Likewise, it manages risk information and provides it to the different government bodies and interested areas for decision-making 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.

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47.	Risk Management and Report, continued:

Risk Models: is responsible for developing, maintaining and updating credit risk models, whether for regulatory or management uses, in accordance with local and international regulations, determining the functional specifications and the most appropriate statistical techniques for the development of the required models. These models are immersed in the measurement and management of model risk carried out by the Model Risk and Internal Control Management, and presented to the corresponding government bodies, such as the Technical Committee for the Supervision of Internal Models, the Portfolio Risk Committee or the Board of Directors, 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 Risk and Internal Control: Its purpose is to manage the risks associated with models and<br>processes, for this it is supported by the functions of model validation and monitoring, 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 Control: Responsible for managing and supervising the application of policies, standards and procedures in each of the areas of Operational Risk and Business Continuity, within the Bank and Subsidiaries. In relation to the area of Operational Risk, it is responsible for guaranteeing the identification and efficient management of operational risks and promoting a risk culture to prevent financial losses and improve the quality of processes, proposing continuous improvements to risk management, aligned with regulatory requirements 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 continuity of services and related critical operations. to the Bank’s payment chain, through a comprehensive and resilient model in operational and technological areas. Additionally, there is the role and responsibilities of the Information Security Officer (ISO), with an independent function in charge of designing and implementing a monitoring environment for the adequate definition and implementation of the information security strategy and controls and cybersecurity, as well as the independence of the control functions of the Cybersecurity Division.

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 is made up of the Cybersecurity Engineering and Architecture 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.

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47.	Risk Management and Report, continued:

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 the their associated results, and 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 later 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.

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47.	Risk Management and Report, continued:

(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 theto 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

The Senior Operational Risk Committee makes any necessary changes to the processes, controls and information systems that support the bank’s transactions, in order 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; ensure 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; ensure the long-term solvency of the organization, avoiding risk factors that may jeopardize the continuity of the Bank. It reviews new products and services, verifies the consistency of associated policies 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.

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47.	Risk Management and Report, continued:

(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 trigger the necessary changes in the processes, procedures, controls and information systems that support the operation of Banco de Chile, in order to mitigate its operational risks, ensuring that the different areas properly manage and control these risks.

Among the main functions of the Operational Risk Committee are: regarding the developingment of the comprehensive operational risk management model, ensuring the implementation and/or updating the regulatory framework related to Policies and Statutes, plans and initiatives for the development of the model and its dissemination in the organization; promote a culture of operational risk management at all levels of the Bank; become aware of the results obtained in the comprehensive measurement of operational risk; review the operational risk appetite framework; ensure the current regulatory framework in matters that are limited to operational risk; review the level of exposure to operational risk of the Bank and the main risks to which it is exposed; become aware of the main frauds, incidents, operational events and their root causes, impacts and corrective measures as appropriate, as well as operational risk assessments; propose, agree on and/or prioritize strategies to mitigate the main operational risks; ensure the long-term solvency of the organization; ensure that Operational Risk policies are aligned with the Bank’s objectives and strategies; become aware of the level of risk to which the bank is exposed in its outsourced services, among others.

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47.	Risk Management and Report, continued:

(b)	Internal Audit

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 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. To this end, there are 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 provisions that must be established based on the following:

Individual evaluation: mainly applies to the Bank’s portfolio of legal persons that, due to their size, complexity or indebtedness, requires a more detailed level of knowledge and a case-by-case analysis. Each debtor is assigned one of the 16 risk categories defined by the CMF, in order to establish the provisions in a timely and appropriate manner. The review of the portfolio risk classifications is carried out permanently considering the financial situation, payment behavior and the environment of each client.

Group evaluation: mainly applies to the portfolio of natural persons and smaller companies. These assessments are carried out monthly through statistical models that allow estimating the level of provisions necessary to cover the portfolio risk; in the case of commercial and mortgage portfolios, these results are contrasted with the standard models provided by the regulator, with the resulting provision being the largest between both methods. The consistency analysis of the models is carried out through an independent validation of the unit that develops them and, subsequently, through the analysis of retrospective tests that allow to compare the real losses with the expected ones. In March 2024, the CMF issued the regulations that establish the Standardized Methodology for computing Provisions for Consumer Loans, whose provisions will come into force as of the accounting close of January 2025.

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In order to validate the quality and robustness of the risk assessment processes, the Bank annually performs a test of the sufficiency of provisions for the total loan portfolio, thus verifying that the provisions established are sufficient to cover the losses that could derive from the credit operations granted. The result of this analysis is presented to the Board of Directors, who manifests itself on the sufficiency of the provisions in each fiscal year.

NOTESTO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47.	RiskManagement and Report, continued:

Banco de Chile establishes additional provisions 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 provisions to be constituted or released is annually proposed to the Portfolio Risk Committee and subsequently to the Board of Directors for approval.

During the 2024, the Bank maintained without modifications the amount of additional provisions established.

The monitoring and control of risks are carried out 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 selected industries.

The Bank develops its capital planning process in an integrated manner 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 what is 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, through which it is possible to identify, evaluate, measure, mitigate and control proactively and in advance all relevant risks that could materialize in the normal course of their business. To this end, the Bank uses different management tools and defines an adequate structure of alerts and limits, which are part of said Framework, which allow it to constantly monitor the performance of different indicators and implement timely corrective actions, in the event that are required. 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.

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

47.	RiskManagement and Report, continued:
(2)	CreditRisk:
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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.

In matters of risks related to climate change, in continuity with the previous year, during 2024, progress has been made in the methodologies used to identify risks related to the climate factor in the portfolio. This includes conducting various specialized training on ESG risk matters to executives from different divisions, including risk executives, strengthening the Bank’s ability to proactively address these emerging challenges.

NOTESTO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47.	Risk Management and Report, continued:

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 signs of impairment of clients, with respect to the conditions of origin,<br> and also the possible business opportunities with those that present a better payments quality<br> and behavior.
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3.	To<br> develop credit risk modeling guidelines, in regulatory aspects and management, for efficient<br> decision-making at different stages of the credit process.
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4.	Have<br> a collection structure with timely, agile and effective processes that allow management to<br> be carried out in accordance with the different types of clients and the types of breaches<br> 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 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 served by the Bank.

(a) Admission:

In the retail segments, admission management is carried out mainly through a risk evaluation that uses scoring tools and an appropriate credit attribution model 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 client, 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 evalution 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.

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

47.	RiskManagement and Report, continued:

While in the Wholesale segments, the management of admission is carried out through an individual analysis of the client and also the relationship with the rest of the entities of the same group that corresponds the client (if aplicable) is considered. This individual analysis or if aplicable analysis of the group, 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 behaviour and financial situation of the debtor with emphasis on its payment capacity, as the situation of the client and associated risk change over time. The follow up is an action within the credit process that permits that the bank acts in a proactive way if any signs of impairment in the portfolio at global level are detected or if the capacity of the debtor to comply with its obligations is affected.

In order 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 retails 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 decisión making in different occasions defined. At the same time special follow ups are generated according to the relevants facts of the environment.

While in the wholesale segments, in a centralized way, a permanent follow up is carried out through management tools at individual level taking into consideration the business segments, economical sectors, based on the periodically updated client and industry information. 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.

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

47.	RiskManagement and Report, continued:

(c)	Recovery<br>and collection

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 accordance with institutional policies and with strict adherence to the current regulatory framework.

In the wholesale segments, when detecting clients that show signs of deterioration or non-compliance with any 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, belonging to the Corporate Risk Division, is directly in charge of collection management, establishing action plans and negotiations based on the particular characteristics of each customer.

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

47.	RiskManagement and Report, continued:
(d)	Portfolio<br>Concentration:
---	---

The maximum exposure to credit risk, by client or counterparty, without taking into account guarantees or other credit enhancements as of September 30, 2024 and December 31, 2023, 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, 2024:

	Chile		United States		England		Brazil		Others		Total
	MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Financial Assets
Cash and Due from Banks		1,322,115		609,861		32,401		8		147,730		2,112,115
Financial assets held for trading at fair value through profit or loss:
Derivative contracts financial
Forwards (*)		137,949		17,186		66,030		—		35,391		256,556
Swaps (**)		811,119		149,976		726,504		—		139,537		1,827,136
Call Options		843		—		525		—		—		1,368
Put Options		1,809		—		114		—		—		1,923
Futures		—		—		—		—		—		—
Subtotal		951,720		167,162		793,173		—		174,928		2,086,983
Debt Financial Instruments
From the Chilean Government and Central Bank		1,347,616		—		—		—		—		1,347,616
Other debt financial instruments issued in Chile		118,086		—		—		—		—		118,086
Financial debt instruments issued Abroad		—		—		—		—		—		—
Subtotal		1,465,702		—		—		—		—		1,465,702
Others Financial Instruments
Investments in mutual funds		400,065		—		—		—		—		400,065
Equity instruments		13,467		—		—		—		—		13,467
Others		739		621		—		—		—		1,360
Subtotal		414,271		621		—		—		—		414,892
Financial Assets at fair value through other comprehensive income:
Debt Financial Instruments
From the Chilean Government and Central Bank		736,830		—		—		—		—		736,830
Other debt financial instruments issued in Chile		1,170,536		—		—		—		—		1,170,536
Financial debt instruments issued Abroad		—		47,278		—		—		—		47,278
Subtotal		1,907,366		47,278		—		—		—		1,954,644
Derivative contracts financial for hedging purposes
Forwards		—		—		—		—		—		—
Swaps		—		11,504		21,880		—		11,994		45,378
Call Options		—		—		—		—		—		—
Put Options		—		—		—		—		—		—
Futures		—		—		—		—		—		—
Subtotal		—		11,504		21,880		—		11,994		45,378
Financial assets at amortized cost:
Rights from resale agreements and securities lending		70,386		—		—		—		—		70,386
Debt Financial Instruments
From the Chilean Government and Central Bank		933,498		—		—		—		—		933,498
Subtotal		933,498		—		—		—		—		933,498
Loans and advances to Banks
Central Bank of Chile		1,100,000		—		—		—		—		1,100,000
Domestic banks		200,000		—		—		—		—		200,000
Foreign Banks (***)		—		—		—		239,334		158,748		398,082
Subtotal		1,300,000		—		—		239,334		158,748		1,698,082
Loans to Customers, Net
Commercial loans		19,950,098		—		—		—		14,633		19,964,731
Residential mortgage loans		12,899,904		—		—		—		—		12,899,904
Consumer loans		5,342,686		—		—		—		—		5,342,686
Subtotal		38,192,688		—		—		—		14,633		38,207,321
(*)	Others<br>includes: France Ch$29,993 million and Switzerland Ch$5,398 million.
---	---
(**)	Others<br>includes: France Ch$39,768 million and Spain Ch$31,486 million and Canada Ch$68,283 million.
(***)	Others<br>includes: China Ch$62,174 million and Qatar Ch$44,896 million.

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

47.	RiskManagement and Report, continued:
		Central<br><br>Bank of<br><br>Chile				Government				Retail<br><br>(Individuals)				Financial<br><br>Services				Trade				Manufacturing				Mining				Electricity,<br><br>Gas and<br><br>Water				Agriculture<br><br>and<br><br>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			304,104				—				—				1,808,011				—				—				—				—				—				—				—				—				—				—				2,112,115

Financial<br> Assets held for trading at fair value through profit or loss:
Derivative<br> contracts Financial
Forwards			—				—				—				232,041				10,521				6,559				186				2,053				371				—				323				2,885				1,617				—				256,556
Swaps			—				—				—				1,743,322				1,294				3,156				—				20,482				13,501				317				36,012				2,585				6,467				—				1,827,136
Call Options			—				—				—				582				267				266				—				—				222				—				26				—				5				—				1,368
Put Options			—				—				—				253				1,111				521				—				—				38				—				—				—				—				—				1,923
Futures			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Subtotal			—				—				—				1,976,198				13,193				10,502				186				22,535				14,132				317				36,361				5,470				8,089				—				2,086,983

Debt Financial<br> Instruments
From the Chilean Government<br> and Central Bank			1,192,718				154,898				—				—				—				—				—				—				—				—				—				—				—				—				1,347,616
Other debt financial instruments<br> issued in Chile			—				—				—				118,086				—				—				—				—				—				—				—				—				—				—				118,086
Financial<br> debt instruments issued Abroad			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Subtotal			1,192,718				154,898				—				118,086				—				—				—				—				—				—				—				—				—				—				1,465,702

Others<br> Financial Instruments
Investments in mutual funds			—				—				—				400,065				—				—				—				—				—				—				—				—				—				—				400,065
Equity instruments			—				—				—				13,467				—				—				—				—				—				—				—				—				—				—				13,467
Others			—				—				—				1,360				—				—				—				—				—				—				—				—				—				—				1,360
Subtotal			—				—				—				414,892				—				—				—				—				—				—				—				—				—				—				414,892

Financial<br> Assets at fair value through Other Comprehensive Income
Debt Financial<br> Instruments
From the Chilean Government<br> and Central Bank			—				736,830				—				—				—				—				—				—				—				—				—				—				—				—				736,830
Other debt financial instruments<br> issued in Chile			—				—				—				1,141,620				5,176				—				—				11,130				7,568				—				5,042				—				—				—				1,170,536
Financial<br> debt instruments issued Abroad			—				—				—				47,278				—				—				—				—				—				—				—				—				—				—				47,278
Subtotal			—				736,830				—				1,188,898				5,176				—				—				11,130				7,568				—				5,042				—				—				—				1,954,644

Derivative<br> contracts financial for hedging purposes
Forwards			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Swaps			—				—				—				45,378				—				—				—				—				—				—				—				—				—				—				45,378
Call Options			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Put Options			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Futures			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Subtotal			—				—				—				45,378				—				—				—				—				—				—				—				—				—				—				45,378

Financial<br> assets at amortized cost (*)
Rights<br> from resale agreements			—				—				—				65,813				—				—				—				—				—				—				—				—				649				3,924				70,386

Debt financial<br> instruments
From<br> the Chilean Government and Central Bank			—				933,498				—				—				—				—				—				—				—				—				—				—				—				—				933,498
Subtotal			—				933,498				—				—				—				—				—				—				—				—				—				—				—				—				933,498

Loans<br> and advances to Banks
Central Bank of Chile			1,100,000				—				—				—				—				—				—				—				—				—				—				—				—				—				1,100,000
Domestic banks			—				—				—				200,000				—				—				—				—				—				—				—				—				—				—				200,000
Foreign<br> banks			—				—				—				398,082				—				—				—				—				—				—				—				—				—				—				398,082
Subtotal			1,100,000				—				—				598,082				—				—				—				—				—				—				—				—				—				—				1,698,082
(*)	Economic<br>activity of Loans and accounts receivable from customers disclosed in Note No. 13 g).
---	---

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, 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, 2023:

	Chile		United States		England		Brazil		Others		Total
	MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Financial Assets
Cash and Due from Banks		1,536,512		811,198		27,492		9		89,437		2,464,648
Financial assets held for trading at fair value through profit or loss:
Derivative contracts financial
Forwards (*)		129,596		13,712		27,450		—		41,717		212,475
Swaps (**)		739,444		59,478		856,718		—		162,515		1,818,155
Call Options		1,939		248		955		—		293		3,435
Put Options		542		70		654		—		45		1,311
Futures		—		—		—		—		—		—
Subtotal		871,521		73,508		885,777		—		204,570		2,035,376
Debt Financial Instruments
From the Chilean Government and Central Bank		3,027,313		—		—		—		—		3,027,313
Other debt financial instruments issued in Chile		336,311		—		—		—		—		336,311
Financial debt instruments issued Abroad		—		—		—		—		—		—
Subtotal		3,363,624		—		—		—		—		3,363,624
Others Financial Instruments
Investments in mutual funds		405,752		—		—		—		—		405,752
Equity instruments		2,058		485		—		—		—		2,543
Others		844		145		—		—		44		1,033
Subtotal		408,654		630		—		—		44		409,328
Financial Assets at fair value through other comprehensive income:
Debt Financial Instruments
From the Chilean Government and Central Bank		1,837,652		—		—		—		—		1,837,652
Other debt financial instruments issued in Chile		1,741,665		—		—		—		—		1,741,665
Financial debt instruments issued Abroad		—		207,208		—		—		—		207,208
Subtotal		3,579,317		207,208		—		—		—		3,786,525
Derivative contracts financial for hedging purposes
Forwards		—		—		—		—		—		—
Swaps		—		11,975		18,712		—		18,378		49,065
Call Options		—		—		—		—		—		—
Put Options		—		—		—		—		—		—
Futures		—		—		—		—		—		—
Subtotal		—		11,975		18,712		—		18,378		49,065
Financial assets at amortized cost:
Rights from resale agreements and securities lending		71,822		—		—		—		—		71,822
Debt Financial Instruments
From the Chilean Government and Central Bank		1,431,141		—		—		—		—		1,431,141
Subtotal		1,431,141		—		—		—		—		1,431,141
Loans and advances to Banks
Central Bank of Chile		2,100,933		—		—		—		—		2,100,933
Domestic banks		—		—		—		—		—		—
Foreign Banks (***)		—		—		436		205,362		213,200		418,998
Subtotal		2,100,933		—		436		205,362		213,200		2,519,931
Loans to Customers, Net
Commercial loans		19,969,857		—		—		—		21,257		19,991,114
Residential mortgage loans		12,303,154		—		—		—		—		12,303,154
Consumer loans		5,306,436		—		—		—		—		5,306,436
Subtotal		37,579,447		—		—		—		21,257		37,600,704
(*)	Others<br>includes: France Ch$33,034 million and Spain Ch$7 million.
---	---
(**)	Others<br>includes: France Ch$38,199 million and Spain Ch$31,881 million.
---	---
(***)	Others<br>includes: China Ch$109,229 million.
---	---

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, 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			590,426		—		—		1,874,222		—		—		—		—		—		—		—		—		—		—		2,464,648

Financial Assets<br> held for trading at fair value through profit or loss:
Derivative contracts<br> financial
Forwards			—		—		—		124,644		15,853		6,396		132		1,834		3,529		3		1,074		1,589		57,421		—		212,475
Swaps			—		—		243		1,739,380		2,610		10,797		—		15,664		3,848		2,609		24,116		14,914		3,974		—		1,818,155
Call Options			—		—		—		1,899		422		252		—		—		834		—		—		—		28		—		3,435
Put Options			—		—		—		809		277		212		—		—		—		—		—		—		13		—		1,311
Futures			—		—		—		—		—		—		—		—		—		—		—		—		—		—		—
Subtotal			—		—		243		1,866,732		19,162		17,657		132		17,498		8,211		2,612		25,190		16,503		61,436		—		2,035,376

Debt Financial<br> Instruments
From the Chilean Government and Central<br> Bank			2,799,442		227,871		—		—		—		—		—		—		—		—		—		—		—		—		3,027,313
Other debt financial instruments issued<br> in Chile			—		—		—		336,311		—		—		—		—		—		—		—		—		—		—		336,311
Financial debt<br> instruments issued Abroad			—		—		—		—		—		—		—		—		—		—		—		—		—		—		—
Subtotal			2,799,442		227,871		—		336,311		—		—		—		—		—		—		—		—		—		—		3,363,624

Others Financial<br> Instruments
Investments in mutual funds			—		—		—		405,752		—		—		—		—		—		—		—		—		—		—		405,752
Equity instruments			—		—		—		2,543		—		—		—		—		—		—		—		—		—		—		2,543
Others			—		—		—		1,033		—		—		—		—		—		—		—		—		—		—		1,033
Subtotal			—		—		—		409,328		—		—		—		—		—		—		—		—		—		—		409,328

Financial Assets<br> at fair value through Other Comprehensive Income
Debt Financial<br> Instruments
From the Chilean Government and Central<br> Bank			473,642		1,364,010		—		—		—		—		—		—		—		—		—		—		—		—		1,837,652
Other debt financial instruments issued<br> in Chile			—		—		—		1,457,305		17,791		—		—		12,507		7,277		—		4,837		—		—		241,948		1,741,665
Financial debt<br> instruments issued Abroad			—		—		—		207,208		—		—		—		—		—		—		—		—		—		—		207,208
Subtotal			473,642		1,364,010		—		1,664,513		17,791		—		—		12,507		7,277		—		4,837		—		—		241,948		3,786,525

Derivative contracts<br> financial for hedging purposes
Forwards			—		—		—		—		—		—		—		—		—		—		—		—		—		—		—
Swaps			—		—		—		49,065		—		—		—		—		—		—		—		—		—		—		49,065
Call Options			—		—		—		—		—		—		—		—		—		—		—		—		—		—		—
Put Options			—		—		—		—		—		—		—		—		—		—		—		—		—		—		—
Futures			—		—		—		—		—		—		—		—		—		—		—		—		—		—		—
Subtotal			—		—		—		49,065		—		—		—		—		—		—		—		—		—		—		49,065

Financial assets<br> at amortized cost (*)
Rights<br> from resale agreements			—		—		—		70,392		—		—		—		—		—		—		—		—		1,070		360		71,822

Debt financial<br> instruments
From the Chilean<br> Government and Central Bank			507,261		923,880		—		—		—		—		—		—		—		—		—		—		—		—		1,431,141
Subtotal			507,261		923,880		—		—		—		—		—		—		—		—		—		—		—		—		1,431,141

Loans and advances<br> to Banks
Central Bank of Chile			2,100,933		—		—		—		—		—		—		—		—		—		—		—		—		—		2,100,933
Domestic banks			—		—		—		—		—		—		—		—		—		—		—		—		—		—		—
Foreign banks			—		—		—		418,998		—		—		—		—		—		—		—		—		—		—		418,998
Subtotal			2,100,933		—		—		418,998		—		—		—		—		—		—		—		—		—		—		2,519,931
(*)	Economic<br>activity of Loans and accounts receivable from customers disclosed in Note No. 13 g).
---	---

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

47.	RiskManagement and Report, continued:

(e)	Collaterals<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: Mortgages 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 247,585 collateral assets as of September 30, 2024 (246,063 in December 2023), the majority of which consist of real estate. The following table contains guarantees value:

			Guarantee
September2024	Loans		Mortgages		Pledges		Securities		Warrants		Total
	MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Corporate Lending		15,194,869		2,811,031		159,817		503,178		636		3,474,662
Small Business Lending		4,769,862		3,409,665		15,101		9,361		—		3,434,127
Consumer Lending		5,342,686		381,766		507		2,399		—		384,672
Mortgage Lending		12,899,904		12,378,823		129		—		—		12,378,952
Total		38,207,321		18,981,285		175,554		514,938		636		19,672,413
			Guarantee
---	---	---	---	---	---	---	---	---	---	---	---	---
December 2023	Loans		Mortgages		Pledges		Securities		Warrants		Total
	MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Corporate Lending		15,149,334		4,157,394		204,423		610,957		3,503		4,976,277
Small Business Lending		4,841,780		3,330,145		16,097		10,464		—		3,356,706
Consumer Lending		5,306,436		363,923		607		2,633		—		367,163
Mortgage Lending		12,303,154		11,743,317		114		—		—		11,743,431
Total		37,600,704		19,594,779		221,241		624,054		3,503		20,443,577

The Bank also uses mitigating tactics for credit risk on derivative transactions. To 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 time deposits by customers who have FX forwards with subsidiary Banchile Corredores de Bolsa S.A.

NOTESTO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47.	Risk Management and Report, continued:

(d)	Collaterals 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, 2024 and December 31, 2023 amounted Ch$145,761 million and Ch$140,371 million, respectively.

The value guarantees related to past due loans but no impaired as of September 30, 2024 and December 31, 2023 amounted Ch$487,073 million and Ch$459,858 million respectively.

(f)	Credit 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 No. 13 letter (d).

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

	Past due but no impaired (*)
	1 to 29 days		30 to 59 days		60 to 89 days		90 or more days
	MCh$		MCh$		MCh$		MCh$
September 2024		819,795		210,330		73,248		—
December 2023		729,515		201,364		65,003		—
(*)	These amounts include the overdue portion and the remaining<br>balance of loans in default.
---	---
(g)	Assets Received in Lieu of Payment:
---	---

The Bank has received assets in lieu of payment totaling Ch$28,516 million and Ch$21,396 million as of September 30, 2024 and December 31, 2023, respectively, the majority of which are properties. All of these assets are managed for sale.

NOTESTO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47.	Risk Management and Report, continued:
(h)	Renegotiated 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
	2024		2023
Financial Assets	MCh$		MCh$
Loans and advances to banks
Central Bank of Chile		—		—
Domestic banks		—		—
Foreign banks		—		—
Subtotal		—		—
Loans to customers, net
Commercial loans		467,594		445,462
Residential mortgage loans		292,276		266,920
Consumer loans		364,548		306,632
Subtotal		1,124,418		1,019,014
Total renegotiated financial assets		1,124,418		1,019,014
(i)	Compliance 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 2024			December 2023
	MCh$			MCh$
Total related debt		596,851			476,459
Consolidated Total or Regulatory Capital		6,859,572			6,578,584
Limit used %		8.70	%		7.24	%

NOTESTO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47.	Risk Management and Report, continued:
(3)	Market Risk:
---	---

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 (Risk Price). 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.

Liquidity 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.

NOTESTO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47.	Risk Management and Report, continued:
(3)	Market Risk, continued:
---	---
(a)	Liquidity Risk, continued:
---	---

The use of September within 2024 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		2,442		4,402	Maximum		842
Minimum		567		2,826	Minimum		(358	)
Average		1,412		3,696	Average		185

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 in order 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 2024 is illustrated below:

	CrossCurrency FundingMUS$
Maximum		1,471
Minimum		112
Average		749

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 2024 are shown below:


Maximum	35	%	65	%
Minimum	31	%	61	%
Average	33	%	64	%

NOTESTO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47.	Risk Management and Report, continued:
(3)	Market Risk, continued:
---	---
(a)	Liquidity 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 as a result 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.

To date, the CMF establish the following dispositions 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 2024 is illustrated below:

	AdjustedC46 CCY and FCCYas part of Basic Capital						AdjustedC46 FCCYas part of Basic Capital
	1 - 30 days			1 - 90 days			1 - 30 days
Maximum		0.21			0.16			0.17
Minimum		(0.12	)		(0.15	)		0.05
Average		0.04			(0.01	)		0.11
Regulatory Limit		N/A			N/A			1.0

NOTESTO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47.	Risk Management and Report, continued:
(3)	Market Risk, continued:
---	---
(a)	Liquidity Risk, continued:
---	---

The individual and consolidated term liquidity gap are presented below:

QUARTERLY STATEMENT OF INDIVIDUAL LIQUIDITY SITUATION
AS OF SEPTEMBER 30, 2024 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		8,373,663		10,514,431		11,549,625		15,205,357
Cash flow payable (liabilities) and expenses		18,904,387		21,368,910		24,925,860		28,570,364
Liquidity Gap		10,530,724		10,854,479		13,376,235		13,365,007
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		1,356,769		1,886,810		1,863,959		2,358,978
Cash flow payable (liabilities) and expenses		2,859,460		3,066,738		3,439,973		4,096,432
Liquidity Gap		1,502,691		1,179,928		1,576,014		1,737,454
Limits:
One time capital						5,430,965
AVAILABLE MARGIN						3,854,951
*	In the limit up to 30 days, in consolidated currency, the Bank<br>has a liquidity situation of Ch$3,854,951,125,825.
---	---
QUARTERLY STATEMENT OF INDIVIDUAL LIQUIDITY SITUATION
---	---	---	---	---	---	---	---	---
AS OF SEPTEMBER 30, 2024 ADJUSTED BASIS
Values in MCh$
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		8,010,638		9,679,444		10,164,328		12,476,619
Cash flow payable (liabilities) and expenses		9,248,751		10,194,436		11,463,739		13,536,795
Liquidity Gap		1,238,113		514,992		1,299,411		1,060,176
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		1,255,701		1,534,729		1,352,197		1,466,792
Cash flow payable (liabilities) and expenses		1,865,398		1,976,256		2,212,701		2,766,662
Liquidity Gap		609,697		441,527		860,504		1,299,870
Limits:
One time capital						5,430,965
AVAILABLE MARGIN						4,570,461
*	In the limit up to 30 days, in consolidated currency, the Bank<br>has a liquidity situation of Ch$4,570,461,650,241.
---	---

NOTESTO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47.	Risk Management and Report, continued:
(3)	Market Risk, continued:
---	---
(a)	Liquidity Risk, continued:
---	---
QUARTERLY STATEMENT OF CONSOLIDATED LIQUIDITY SITUATION
---	---	---	---	---	---	---	---	---
AS OF SEPTEMBER 30, 2024 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		9,325,703		11,475,126		12,530,680		16,198,373
Cash flow payable (liabilities) and expenses		19,719,579		22,184,102		25,743,058		29,387,621
Liquidity Gap		10,393,876		10,708,976		13,212,378		13,189,248
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		1,356,769		1,886,810		1,863,959		2,358,978
Cash flow payable (liabilities) and expenses		2,859,460		3,066,738		3,439,973		4,096,491
Liquidity Gap		1,502,691		1,179,928		1,576,014		1,737,513
Limits:
One time capital						5,430,965
AVAILABLE MARGIN						3,854,951
*	In the limit up to 30 days, in consolidated currency, the Bank<br>has a liquidity situation of Ch$3,854,951,125,815.
---	---
QUARTERLY STATEMENT OF CONSOLIDATED LIQUIDITY SITUATION
---	---	---	---	---	---	---	---	---
AS OF SEPTEMBER 30, 2024 ADJUSTED BASIS
Values in MCh$
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		8.962.678		10.640.138		11.145.382		13.469.636
Cash flow payable (liabilities) and expenses		10.063.943		11.009.628		12.280.937		14.354.051
Liquidity Gap		1.101.265		369.490		1.135.555		884.415
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		1,255,701		1,534,729		1,352,197		1,466,792
Cash flow payable (liabilities) and expenses		1,865,398		1,976,256		2,212,701		2,766,721
Liquidity Gap		609,697		441,527		860,504		1,299,929
Limits:
One time capital						5,430,965
AVAILABLE MARGIN						4,570,461
*	In the limit up to 30 days, in consolidated currency, the Bank<br>has a liquidity situation of Ch$4,570,461,650,227.
---	---

NOTESTO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47.	Risk Management and Report, continued:
(3)	Market Risk, continued:
---	---
(a)	Liquidity Risk, continued:
---	---

Liquid Assets Consolidated Balance Statement as of September 30, 2024, values in BCh$

Source: Financial Statements Banco de Chile as of September 30, 2024

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 0.8 times (80%) of the NSFR indicator. The evolution of the LCR and NSFR metrics during the year 2024 are shown below:

	LCR
Maximum		2.56	1.25
Minimum		1.94	1.20
Average		2.28	1.23
Regulatory Limit		1.0	0.8	(*)
(*)	By transitory disposition of the Central Bank of Chile, in Chapter<br>III.B.2.1 of the Compendium of Accounting Standards for Banks, this limit will gradually increase until reaching 1.0 in January 2026.
---	---

NOTESTO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47.	Risk Management and Report, continued:
(3)	Market Risk, continued:
---	---
(a)	Liquidity Risk, continued:
---	---

The contractual maturity profile of the financial liabilities of Banco de Chile and its subsidiaries (consolidated basis), to September 2024 and December 2023, is as follows:

	Up to 1<br> <br>month		1 to 3<br><br> months		3 to 12<br><br> 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, 2024
Transactions in the course of payment		554,374		—		—		—		—		—		554,374
Full delivery derivative transactions		556,233		529,322		934,834		1,002,171		758,153		1,398,505		5,179,218
Financial liabilities at amortized cost:
Current accounts and other demand deposits		13,243,711		—		—		—		—		—		13,243,711
Saving accounts and time deposits		9,861,407		3,068,927		1,785,480		71,226		572		822		14,788,434
Obligations by repurchase agreements and securities lending		86,129		58		500		—		—		—		86,687
Borrowings from financial institutions		209,841		163,085		548,509		222,684		—		—		1,144,119
Debt financial instruments issued (all currencies)		175,638		411,191		779,970		3,076,025		2,189,168		4,527,780		11,159,772
Other financial obligations		280,445		—		—		—		—		—		280,445
Financial instruments of regulatory capital issued (subordinated bonds)		3,491		18,967		28,656		95,246		88,264		1,157,136		1,391,760
Total (excluding non-delivery derivative transactions)		24,971,269		4,191,550		4,077,949		4,467,352		3,036,157		7,084,243		47,828,520
Non-delivery derivative transactions		367,846		415,839		843,428		1,646,472		701,658		1,845,094		5,820,337
	Upto 1month		1 to 3<br><br> months		3 to 12<br><br> 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, 2023
Transactions in the course of payment		356,871		—		—		—		—		—		356,871
Full delivery derivative transactions		449,301		883,862		946,696		1,138,243		738,806		1,481,105		5,638,013
Financial liabilities at amortized cost:
Current accounts and other demand deposits		13,321,660		—		—		—		—		—		13,321,660
Saving accounts and time deposits		10,432,630		3,515,344		1,517,789		66,062		595		542		15,532,962
Obligations by repurchase agreements and securities lending		156,846		158		—		—		—		—		157,004
Borrowings from financial institutions		44,475		65,210		5,079,495		157,383		—		—		5,346,563
Debt financial instruments issued (all currencies)		55,897		196,986		1,097,658		2,537,939		2,351,864		4,422,665		10,663,009
Other financial obligations		338,891		—		24		—		—		—		338,915
Financial instruments of regulatory capital issued (subordinated bonds)		3,006		—		46,575		95,774		85,615		1,146,822		1,377,792
Total (excluding non-delivery derivative transactions)		25,159,577		4,661,560		8,688,237		3,995,401		3,176,880		7,051,134		52,732,789
Non-delivery derivative transactions		339,148		339,427		1,033,954		1,245,586		964,056		1,879,807		5,801,978

NOTESTO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47.	Risk Management and Report, continued:
(3)	Market Risk, continued:
---	---
(b)	Price Risk:
---	---

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 FVOCI) 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 2024 is illustrated below:

	Value-at-Risk99% one-day<br><br>confidence level<br><br>MCh$
Maximum		2,605
Minimum		334
Average		1,115

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.

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

47.	Risk Management and Report, continued:
(3)	Market Risk, continued:
---	---
(b)	Price Risk, continued:
---	---

The use of EaR within the year 2024 is illustrated below:

	12- months Earnings-at-Risk 99% confidence<br><br> level 3 months <br><br> closing period
	MCh$

Maximum		260,728
Minimum		175,971
Average		242,069

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), as a result 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 in order 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 FVOCI 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 in order to implement further actions, if necessary. Additionally, these book tests are a fundamental part of establishing the Bank’s price risk appetite framework.

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

47.	Risk Management and Report, continued:
(3)	Market Risk, continued:
---	---
(b)	Price Risk, continued:
---	---
	Up to 1<br> month		1 to 3 <br> months		3 to 12 <br> months		1 to 3<br> years		3 to 5<br> years		Over<br> <br>5 years		Total
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Assets as of September 30, 2024
Cash and due from banks		2,089,110		—		—		—		—		—		2,089,110
Transactions in the course of collection		597,346		—		—		—		—		—		597,346
Financial assets at fair value through other comprehensive income:
Debt financial instruments		260,782		278,741		622,657		474,689		235,666		82,192		1,954,727
Derivative financial instruments for hedging purposes		9,559		169,124		71,216		623,763		205,140		993,383		2,072,185
Financial assets at amortized cost:
Rights from resale agreements and securities lending		—		—		—		—		—		—		—
Debt financial instruments		1,203		—		36,027		494,229		159,751		305,123		996,333
Loans and advances to Banks		1,417,601		41,328		248,114		—		—		—		1,707,043
Loans to customers, net		5,537,153		3,352,051		7,975,933		8,768,161		5,293,348		14,717,223		45,643,869
Total Assets		9,912,754		3,841,244		8,953,947		10,360,842		5,893,905		16,097,921		55,060,613
	Up to 1<br> <br>month		1 to 3 <br> months		3 to 12 <br> months		1 to 3<br> years		3 to 5 <br> years		Over<br> <br>5 years		Total
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Assets as of December 31, 2023
Cash and due from banks		2,441,580		—		—		—		—		—		2,441,580
Transactions in the course of collection		403,734		—		—		—		—		—		403,734
Financial assets at fair value through other comprehensive income:
Debt financial instruments		282,697		748,488		1,864,717		461,590		270,129		157,313		3,784,934
Derivative financial instruments for hedging purposes		773		5,738		208,234		328,274		531,229		929,754		2,004,002
Financial assets at amortized cost:
Rights from resale agreements and securities lending		74,796		—		—		—		—		—		74,796
Debt financial instruments		—		9,012		530,044		503,956		159,932		312,570		1,515,514
Loans and advances to Banks		2,216,985		74,312		233,533		—		—		—		2,524,830
Loans to customers, net		5,464,339		2,859,489		8,212,594		9,064,150		5,082,957		14,106,472		44,790,001
Total Assets		10,884,904		3,697,039		11,049,122		10,357,970		6,044,247		15,506,109		57,539,391

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

47.	Risk Management and Report, continued:
(3)	Market Risk, continued:
---	---
(b)	Price Risk, continued:
---	---
	Up to 1<br> <br>month		1 to 3<br><br> months		3 to 12<br><br> months		1 to 3<br><br> years		3 to 5<br><br> years		Over<br> <br>5 years		Total
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Liabilities as of September 30, 2024
Transactions in the course of payment		532,487		—		—		—		—		—		532,487
Derivative Financial Instruments for hedging purposes		7,387		152,818		60,174		616,302		182,093		1,325,575		2,344,349
Financial liabilities at amortized cost:
Current accounts and other demand deposits		13,271,543		—		—		—		—		—		13,271,543
Saving accounts and time deposits		9,861,407		3,068,927		1,785,480		71,226		572		822		14,788,434
Obligations by repurchase agreements and securities lending		9,268		—		—		—		—		—		9,268
Borrowings from financial institutions		195,481		163,085		548,509		222,684		—		—		1,129,759
Debt financial instruments issued (*)		175,638		411,191		779,970		3,076,025		2,189,168		4,527,780		11,159,772
Other financial obligation		280,445		—		—		—		—		—		280,445
Financial instruments of regulatory capital issued (subordinated bonds)		3,491		18,967		28,656		95,246		88,264		1,157,136		1,391,760
Total liabilities		24,337,147		3,814,988		3,202,789		4,081,483		2,460,097		7,011,313		44,907,817
	Up to 1<br> <br>month		1 to 3<br><br> months		3 to 12<br><br> months		1 to 3<br><br> years		3 to 5<br><br> years		Over<br> <br>5 years		Total
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Liabilities as of December 31, 2023
Transactions in the course of payment		317,056		—		—		—		—		—		317,056
Derivative Financial Instruments for hedging purposes		1,508		1,777		179,604		319,178		498,973		1,245,545		2,246,585
Financial liabilities at amortized cost:
Current accounts and other demand deposits		13,352,234		—		—		—		—		—		13,352,234
Saving accounts and time deposits		10,432,630		3,515,344		1,517,789		66,062		595		542		15,532,962
Obligations by repurchase agreements and securities lending		10,450		—		—		—		—		—		10,450
Borrowings from financial institutions		44,475		65,210		5,079,495		157,383		—		—		5,346,563
Debt financial instruments issued (*)		55,897		196,986		1,097,658		2,537,939		2,351,864		4,422,665		10,663,009
Other financial obligation		338,891		—		24		—		—		—		338,915
Financial instruments of regulatory capital issued (subordinated bonds)		3,006		—		46,575		95,774		85,615		1,146,822		1,377,792
Total liabilities		24,556,147		3,779,317		7,921,145		3,176,336		2,937,047		6,815,574		49,185,566
(*)	Amounts shown here are different from those reported in the<br>liabilities report which is part of the liquidity analysis, due to differences in the treatment of mortgage bonds issued by the Bank<br>in both reports.
---	---

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

47.	Risk Management and Report, continued:
(3)	Market Risk, continued:
---	---

(b)	Price Risk, continued:

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 FVOCI 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 financial crisis show market factors fluctuations that are materially larger than those used in the<br>VaR with 99% of confidence level or EaR with 99% of confidence level.
(ii)	The financial crisis also show that correlations between these fluctuations are materially different from<br>those used in the VaR computation, since a crisis precisely indicates severe disconnections between the behaviors of market factors fluctuations<br>respect to the patterns observed under normal conditions.
---	---
(iii)	Trading 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 in such environment since closing exposures<br>period may exceed one business day. This may 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 also, estimating the changes of the economic and /or accounting value of the financial positions.

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

47.	Risk Management and Report, continued:
(3)	Market Risk, continued:
---	---

(b)	Price Risk, continued:

In order 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 FVOCI 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 FVOCI 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 Fluctuationsof Market Factors for Maximum Stress Scenario Trading Book

****	****	CLP Derivatives (bps)		****	****	CLP Bonds (bps)		****	****	CLF Derivatives (bps)		****	****	CLF Bonds (bps)		****	****	Offshore<br> SOFR Derivatives (bps)	****	****	Spread On/Off<br> Derivatives (bps)	****
Less than 1 year			10				157				82				110				(2	)			19
Greater than 1 year			9				82				15				87				3				(6	)

All values are in US Dollars.

bps = basis points.

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

47.	Risk Management and Report, continued:
(3)	Market Risk, continued:
---	---
(b)	Price Risk, continued:
---	---

The worst impact on the Bank’s Trading Book as of September 30, 2024, as a result of the simulation process described above, is as follows:

Most Adverse Stress Scenario P&L Impact Trading Book (MCh)
CLP Interest Rate		(2,810	)
Derivatives	(86	)
Debt instruments	(2,724	)
CLF Interest Rate		(655	)
Derivatives	44
Debt instruments	(702	)
Interest rate offshore		18
Domestic/offshore interest rate spread		(57	)
Total Interest rates		(3.504	)
Banking spread		32
Total FX and FX Options		(3.310	)
Total		(6.782	)

All values are in US Dollars.

The modeled scenario would generate losses in the Trading Book for Ch$6,782 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, 2024, which does not necessarily mean a net loss(gain) but a greater(lower) net income from funds generation (resulting net interest rate generation), is illustrated below:

Most Adverse Stress Scenario 12-Month Revenue Banking Book (MCh$)
Impact by Base Interest Rate shocks	(238,376	)
Impact due to Spreads Shocks	(34,986	)
Higher / (Lower) Net revenues	(273,362	)

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

47.	Risk Management and Report, continued:
(3)	Market Risk, continued:
---	---
(b)	Price Risk, continued:
---	---

The impact on the FVOCI portfolio it is show in the followings 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 fluctuation below, correspond to the ones that generate the most adverse impact.

Average Fluctuations of MarketFactors for Maximum Stress Scenario FVOCI Portfolio

****	****	CLP Bonds (bps)		****	****	CLF Bonds (bps)		****	****	Offshore <br> SOFR <br> Derivatives (bps)	****	****	Spread <br> On/Off <br> Derivatives (bps)	****
Less than 1 year			189				224				25				20
Greater than 1 year			126				205				37				20

All values are in US Dollars.

bps = basis points

The worst impact on the Bank’s FVOCI portfolio as of September 30, 2024, as a result of the simulation process described above, is as follows:

Most Adverse Stress Scenario P&L Impact <br><br>FVOCI portfolio<br><br> (MCh$)
CLP Debt Instrument	(20,350	)
CLF Debt Instrument	(50,259	)
Interest rate USD offshore	(73	)
Banking spread	(4,386	)
Corporative spread	(4,235	)
Total	(79,303	)

The modeled for the FVTOCI Portfolio would generate potential impacts on equity accounts for Ch$79,303 million.

The main negative impact on the Trading Book would occur as a result of an increase in rates on debt instruments in CLF over 1 year, followed by an increase in CLP debt instruments 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 CLF and CLP 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 drop in nominal interest rates and inflation.

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

47.	Risk Management and Report, continued:
(4)	Other Information related to Financial Risks:
---	---
a)	Implementation of new reference rates in foreign currency:
---	---

As a consequence of the decisions made by the United Kingdom Financial Conduct Authority (FCA) and the recommendations of the Alternative Reference Rates Committee (ARRC) made up of the Federal Reserve Board and the New York FED, from 12-31-2021 Libor rates in currencies other than US$ are no longer published, from 01-01-2022 new operations based on Libor stopped being issued and it was reported that from 06-30-2023 Libor in US$ will stop being published. As a result, it was recommended to use the US$ Libor published only in contracts in force as of 12-31-2021 up to the last date of publication of this.

Given the above, the Bank enabled and implemented, in its different dimensions, the new risk-free reference rates (“RFR”) for carrying out operations in foreign currency as of 01-01-2022.

The process was structured in 5 phases which are already completed.

●	1st phase
-	Identification of the risks associated with the<br>Libor transition process through the collection of information regarding the number of operations, amounts involved, remaining terms,<br>types of products and course coins.
---	---
-	Periodic exchange of information with the main<br>global banks regarding the RFRs that were being defined as a replacement for Libor rates.
---	---
-	Review of the documents published by the ARRC<br>with its recommendations.
---	---
●	2nd phase
---	---
-	Preparation and presentation to the CMF in the<br>year 2021 of the situational analysis of Banco de Chile regarding the end of Libor. This included reporting on the information research<br>carried out in the 1st stage and the impact that the end of the Libor rate had both at the level of products and at the level of Bank<br>areas.
---	---
●	3rd phase
---	---
-	Definition of the new RFRs to be used in the<br>different currencies (daily SOFR, term SOFR, TONAR, SONIA, etc.)
---	---
-	Implementation of the RFR in the Bank’s systems
---	---
●	4th phase
---	---
-	Carrying out tests of course of financial operations<br>to review the correct accrual of the new RFR.
---	---
-	Preparation of documentation with the RFR.
---	---
●	5th phase
---	---
-	Renegotiation of contracts with floating Libor<br>rate with expiration after June 2023.
---	---

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

47.	Risk Management and Report, continued:
(4)	Other Information related to Financial Risks, continued:
---	---
b)	FCA publications of April 03, 2023 and October 01, 2024:
---	---

In November 2022, FCA announced a consultation on the possibility of continuing to publish synthetic USD LIBOR rates for 1, 3 and 6 months after the cessation of the defined LIBOR panel on June 30, 2023.

From the inquiry, on April 3, 2023 the FCA has announced that it will require the LIBOR panel to continue to publish 1, 3 and 6 month LIBOR rate adjustments using a ’synthetic’ non-representative methodology, with intends to cease publishing synthetic adjustments on September 30, 2024, however, it will take into account any unforeseen and material events.

On October 1, 2024, the FCA reports that on September 30, 2024, the adjustments to the remaining synthetic LIBOR were published for the last time and LIBOR came to an end. All 35 LIBOR settings have permanently ceased.

c)	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
	2024		2023		2024			2023			2024			2023			2024			2023			2024		2023
	MCh$		MCh$		MCh$			MCh$			MCh$			MCh$			MCh$			MCh$			MCh$		MCh$
Derivative financial assets		2,132,361		2,084,441		(849,382	)		(929,094	)		(904,646	)		(816,453	)		(175,727	)		(160,125	)		202,606		178,769
Derivative financial liabilities		2,398,999		2,357,523		(849,382	)		(929,094	)		(904,646	)		(816,453	)		(322,987	)		(294,410	)		321,984		317,566

NOTES TO THE INTERIM CONSOLIDATED FINANCIALSTATEMENTS, continued

47.	Risk Management and Report, continued:
(5)	Operational risk:
---	---

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 in all activities, products and systems, and cuts across the entire organization in its strategic, business and support processes. It is the responsibility of all the Bank’s collaborators to manage and control the risks generated within their scope of action, since their materialization may lead to 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:

NOTESTO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47.	Risk Management and Report, continued:
(5)	Operational risk, continued:
---	---

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
---	---
−	Testing<br> of Controls
---	---
−	Event<br> Management
---	---
−	Loss<br> Base Management
---	---
−	Profile<br> and Risk Appetite Framework
---	---
−	Generation<br> of stress test models for Operational Risk
---	---
−	Supplier<br> Management
---	---
−	Self-Assessment<br> Matrix
---	---
−	Operational<br> Risk Assessment for Projects
---	---
−	Subsidiary<br> Control
---	---

NOTESTO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47.	Risk Management and Report, continued:
(5)	Operational risk, continued:
---	---

All areas previously mentioned, together with the corresponding regulatory framework and governance structure, constitute 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, 2024 and 2023:

	September<br> 2024							September<br> 2023
Category	Lost<br> <br>Gross<br> <br>MCh$		Recoveries<br> <br>MCh$			Lost<br> <br>Net<br> <br>MCh$		Lost<br> <br>Gross<br> <br>MCh$		Recoveries<br> <br>MCh$			Lost<br> <br>Net<br> <br>MCh$
Internal<br> fraud		54		—			54		77		(14	)		63
External<br> fraud		18,458		(10,110	)		8,348		16,397		(6,139	)		10,258
Work<br> practices and safety in the business position		1,032		(1	)		1,031		1,367		—			1,367
Customers,<br> products and business practices		543		—			543		944		—			944
Damage<br> to physical assets		792		(152	)		640		809		(13	)		796
Business<br> interruption and system failures		2,061		(1,416	)		645		366		—			366
Execution,<br> delivery and process management		2,564		(20	)		2,544		2,435		(601	)		1,834
Total		25,504		(11,699	)		13,805		22,395		(6,767	)		15,628

Cybersecurity

The Cybersecurity Engineering and Architecture Management is in charge of defining, implementing and maximizing existing cyber threat protection technologies, and defining and maintaining the security architecture. The Cyber Defense Management is responsible for safeguarding information assets by proactively detecting, responding and containing threats. Likewise, this department is responsible for managing cybersecurity incidents in an assertive and timely manner, minimizing the impact and improving response times, with the aim of protecting the Bank’s operations.

On the other hand, the Technological Risk and Cyber Intelligence Management aims to ensure security and the integration of information security and cybersecurity risks, preventing attacks perpetuated by different threat agents. Manage and respond to cyber intelligence requirements that allow strengthening strategic decision-making within the organization through analytical models, in order to provide support to processes and mechanisms that seek to achieve greater security, protection and resilience against the current threat landscape.

Finally, the Cybersecurity Management and Subsidiary Control Management is in charge of defining, managing and carrying out the strategic plan of the cybersecurity division. Their responsibilities include ensuring optimal and efficient use of resources, as well as providing and supervising cybersecurity policies to suppliers, among other matters. Likewise, management must guarantee the implementation of guidelines and controls that establish cybersecurity regulations, in addition to managing the regulatory framework of the Division’s processes. Also, he is responsible for strengthening the cybersecurity culture within the organization and supporting the management of cross-functional functions and initiatives related to cybersecurity. Finally, it has the task of establishing and controlling cybersecurity management in the bank’s subsidiaries.

NOTESTO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47.	Risk Management and Report, continued:

BusinessContinuity:

The Bank in the management for the compliance with the objectives related to the delivery of the service of attention to its clients, has the Management of Business Continuity, responsible for managing the constant preparation for the safeguard of the operation of the critical products and services before situations that could affect the continuity of the organization or of the country.

In addition, the Business Continuity Management defines the global and regulatory framework established in the Policy and Standard, developing a consistent Continuity Plan for the Bank and its Subsidiaries, with the aim of managing the strategy and control of business continuity in operational and technological lines, maintaining alternate operation plans, controlled and simulation tests to reduce the impact of disruptive events, in addition to providing resilience to the organization by establishing comprehensive strategies to ensure the safety of the employees, protect the Bank’s assets from catastrophic scenarios, maintain relevant documentation and carry out trainings associated with this subject. Additionally, it designs and implements independent controls, through the Information Security Officer (ISO) Role.

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.
---	---
−	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.
---	---
−	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.
---	---

NOTESTO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47.	Risk Management and Report, continued:

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.
---	---
−	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.
---	---
−	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.
---	---
−	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 and cybersecurity.
---	---

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.

NOTESTO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

48.	Information on Regulatory Capital and Capital Adequacy Ratios:

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 2024, 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 2024, 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.

Adoptionof the Basel III standard

In 2019, the CMF began the regulatory process for the implementation of Basel III standards in Chile, as established in Law No. 21,130 that modernizes banking legislation. During the years 2020 and 2021, the CMF promulgated the different regulations for the adoption of the Basel III standard for local banking, which are applicable as of December 1, 2021. The regulation includes the standard methodologies to determine, among others, Credit, Operational and Market Risk-Weighted Assets, regulatory capital, leverage ratio and systemically important banks. Additionally, the regulations describe requirements and conditions applicable to: (i) the application of internal models for the calculation of certain risk-weighted assets, (ii) the issuance of additional tier 1 and tier 2 capital hybrid instruments, (iii) market disclosure requirements (Pillar 3), (iv) the principles for determining capital buffers (countercyclical and conservation), (v) additional requirements to which banks defined as systemically important and (vi) the criteria by which banks can be defined as atypical and subject to more exhaustive supervision, as well as additional capital requirements (Pillar 2) among others.

NOTESTO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

48.	Information on Regulatory Capital and Capital Adequacy Ratios, continued:

On May, 2023, the Central Bank reported that its board agreed to activate the counter-cyclical core capital requirement for banks, at a local banking industry level, equivalent to 0.5% of the risk-weighted assets of banking institutions, required starting from the month of May 2024.

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 requirement must be constituted in a ratio of 25% no later than June 30, 2024. The remaining amounts for each of the following three years will be adjusted according to the result of the annual evaluation of Patrimonial Sufficiency carried out by the CMF, taking into consideration any possible modifications made to the total additional charge applicable to the Bank. Likewise, this requirement must be recognized at least 56.3% with basic capital in proportion to the minimum legal requirements.

On April 1, 2024, the CMF reported the result of the annual review of the banks’ systemic importance rating, maintaining an additional basic capital charge of 1.25% of the APR for Banco de Chile, payable in accordance to the gradualness defined by the regulations, so the capital charge required as of December 2024 will be equivalent to 75% of said percentage. CMF did not report additional requirements linked to Banco de Chile’s status as a systemic bank.

The aforementioned Basel III banking solvency standards consider a series of transitory regulations. These measures include: i) the gradual adoption of the conservation buffer, requirements for systemic banks, ii) the gradual application of adjustments to regulatory capital, iii) the temporary substitution of additional tier 1 capital (AT1) for tier 2 capital instruments, that is, subordinated bonds and additional provisions, completed in November 2023 and iv) gradualness to continue recognizing subordinated bonds issued by banking subsidiaries as effective equity, among other matters.

NOTESTO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

48.	Information on Regulatory Capital and Capital Adequacy Ratios, continued:

Information on regulatory capital and capital adequacy indicators is presented below:

****	****	Total assets, risk-weighted assets and components of the	****	****	Local and Overall	****	****	****	Local and Overal	****
****	****	effective equity according to Basel III	****	****	consolidated	****	****	****	consolidated	****
Item No.	****	Item description	****	****	September -2024 MCh$	****	****	****	Dec-2023 MCh$	****

1		Total assets<br> according to the statement of financial position			51,687,858				55,792,552
2		Non-consolidated investment<br> in subsidiaries			—				—
3		Assets discounted from<br> regulatory capital, other than item 2			145,637				168,765
4		Derivative credit equivalents			977,943				886,789
4.1		Financial derivative contracts			2,132,361				2,084,441
5		Contingent loans			2,875,065				2,827,120
6		Assets<br> generated by the intermediation of financial instruments			—				—
7		=<br> (1-2-3+4-4.1+5-6) Total assets for regulatory purposes			53,262,868				57,253,255
8.a		Credit risk weighted assets,<br> estimated according to the standard methodology (CRWA)			32,363,164				31,887,173
8.b		Credit risk weighted assets,<br> estimated according to internal methodologies (CRWA)			—				—
9		Market risk weighted assets<br> (MRWA)			1,284,830				1,693,317
10		Operational<br> risk weighted assets (ORWA)			4,269,740				4,110,324
11.a		=<br> (8.a/8.b+9+10) Risk-weighted assets (RWA)			37,917,734				37,690,814
11.b		= (8.a/8.b+9+10)<br> Risk-weighted assets, after application of the output floor (RWA)			37,917,734				37,690,814
12		Owner’s equity			5,474,643				5,237,283
13		Non-controlling interest			—				2
14		Goodwill			—				—
15		Excess<br> minority investments			—				—
16		=<br> (12+13-14-15) Core Tier 1 Capital (CET1)			5,474,643				5,237,285
17		Additional<br> deductions to core tier 1 capital, other than item 2			43,678				60,992
18		=<br> (16-17-2) Core Tier 1 Capital (CET1)			5,430,965				5,176,293
19		Voluntary provisions (additional)<br> imputed as additional Tier 1 capital (AT1)			—				—
20		Subordinated bonds imputed<br> as additional tier 1 capital (AT1)			—				—
21		Preferred shares allocated<br> to additional tier 1 capital (AT1)			—				—
22		Bonds without a fixed<br> term of maturity imputed to additional tier 1 capital (AT1)			—				—
23		Discounts<br> applied to AT1			—				—
24		=<br> (19+20+21+22-23) Additional Tier 1 Capital (AT1)			—				—
25		=<br> (18+24) Tier 1 Capital			5,430,965				5,176,293
26		Voluntary provisions (additional)<br> imputed as Tier 2 capital (T2)			404,539				398,590
27		Subordinated<br> bonds imputed as Tier 2 capital (T2)			1,024,068				1,003,701
28		= (26+27)<br> Equivalent tier 2 capital (T2)			1,428,607				1,402,291
29		Discounts<br> applied to T2			—				—
30		=<br> (28-29) Tier 2 capital (T2)			1,428,607				1,402,291
31		=<br> (25+30) Effective equity			6,859,572				6,578,584
32		Additional<br> basic capital required for the constitution of the conservation buffer			710,958				706,706
33		Additional<br> basic capital required to set up the countercyclical buffer			189,589				—
34		Additional<br> basic capital required for banks qualified as systemic			236,986				235,569
35		Additional<br> capital required for the evaluation of the adequacy of effective equity (Pillar 2)			47,397				—

NOTESTO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

48.	Information on Regulatory Capital and Capital Adequacy Ratios, continued:
	****	****	Local and Overall	****	****	****	Local and Overal	****
---	---	---	---	---	---	---	---	---
	****	****	consolidated	****	****	****	consolidated	****
Capital Adequacy Ratios and Regulatory Compliance according to Basel III	****	****	September -2024 %	****	****	****	Dec-2023 %	****

Leverage<br> Ratio			10.20	%			9.04	%
Leverage<br> Ratio that the bank must meet, considering the minimum requirements			3	%			3	%
CET<br> 1 Capital Ratio			14.32	%			13.73	%
CET<br> 1 Capital Ratio that the bank must meet, considering the minimum requirements			5.25	%			5.13	%
Capital<br> buffer shortfall			0	%			0	%
Tier<br> 1 Capital Ratio			14.32	%			13.73	%
Tier<br> 1 Capital Ratio that the bank must meet, considering the minimum requirements			6.13	%			6	%
Total<br> or Regulatory Capital Ratio			18.09	%			17.45	%
Total<br> or Regulatory Capital Ratio that the bank must meet, considering the minimum requirements			8.75	%			8.63	%
Total<br> or Regulatory Capital Ratio that the bank must meet, considering the charge for article 35 bis			8	%			8	%
Total<br> or Regulatory Capital Ratio that the bank must meet, considering the minimum requirements, conservation buffer and countercyclical<br> buffer			11.13	%			10.50	%
Credit<br> rating			A				A
Regulatory<br> compliance for Capital Adequacy
Additional<br> provisions computed in Tier 2 capital (T2) in relation to CRWA			1.25	%			1.25	%
Subordinated<br> bonds computed as Tier 2 capital (T2) in relation to CET 1 Capital			18.71	%			19.16	%
Additional<br> Tier 1 Capital (AT1) in relation to CET 1 Capital			0	%			0	%
Voluntary<br> (additional) provisions and subordinated bonds computed as AT1 in relation to RWAs			0	%			0	%

NOTESTO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

49.	Subsequent Events:
(a)	During<br> the month of October 2024, Banco de Chile has reported as an essential fact the following<br> placements in the local market of senior, dematerialized and bearer bonds issued by Banco<br> de Chile and registered in the Securities Registry of the Commission for the Financial Market
---	---
Date		Registration<br><br> number in the<br><br> Securities<br><br> Registry		Serie		Amount				Currency		Maturity<br> date		Average<br> rate
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
October<br> 1, 2024 (*)		20240002		HP			5,000,000			UF		12/01/2040			2.37	%
(*)	The<br> bonds have been registered under the Automatic Registration modality, with the registration<br> number dated April 5, 2024.
---	---

The Interim Consolidated Financial Statements of Banco de Chile for the period ended September 30, 2024 were approved by the Directors on October 24, 2024.

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, 2024 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

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