Equibles

6-K

BANK OF CHILE (BCH)

6-K 2025-07-31 For: 2025-07-31
View Original
Added on April 04, 2026

FORM 6-K

SECURITIES 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 July, 2025

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 ☒                    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 ☒

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 June 30, 2025.

1

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: July 31, 2025

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

Exhibit 99.1

BANCODE 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: 49
4. Accounting Changes: 52
5. Relevant Events: 53
6. Business Segments: 55
7. Cash and Cash Equivalents: 58
8. Financial Assets Held for Trading at Fair Value through Profit or Loss: 59
9. Non-trading Financial Assets mandatorily measured at Fair Value through Profit or Loss: 61
10. Financial Assets and Liabilities designated as at Fair Value through Profit or Loss: 61
11. Financial Assets at Fair Value through Other Comprehensive Income: 62
12. Derivative Financial Instruments for hedging purposes: 64
13. Financial assets at amortized cost: 67
14. Investments in other companies: 87
15. Intangible Assets: 89
16. Property and equipment: 90
17. Right-of-use assets and Lease liabilities: 91
18. Taxes: 94
19. Other Assets: 99
20. Non-current assets and disposal groups held for sale and Liabilities included in disposal groups for sale: 100
21. Financial liabilities held for trading at fair value through profit or loss: 101
22. Financial liabilities at amortized cost: 102
23. Financial instruments of regulatory capital issued: 107
24. Provisions for contingencies: 110
25. Provision for dividends, interests and reappraisal of financial instruments of regulatory capital issued: 113
26. Special provisions for credit risk: 114
27. Other Liabilities: 115
28. Equity: 115
29. Contingencies and Commitments: 120
30. Interest Revenue and Expenses: 124
31. UF indexation revenue and expenses: 126
32. Income and Expenses from commissions: 128
33. Net Financial income (expense): 129
34. Income attributable to investments in other companies: 130
35. Result from non-current assets and disposal groups held for sale not admissible as discontinued operations: 131
36. Other operating Income and Expenses: 131
37. Expenses from salaries and employee benefits: 132
38. Administrative expenses: 133
39. Depreciation and Amortization: 134
40. Impairment of non-financial assets: 134
41. Credit loss expense: 135
42. Income from discontinued operations: 137
43. Related Party Disclosures: 137
44. Fair Value of Financial Assets and Liabilities: 144
45. Maturity according to their remaining Terms of Financial Assets and Liabilities: 156
46. Financial and Non-Financial Assets and Liabilities by Currency: 160
47. Risk Management and Report: 161
48. Information on Regulatory Capital and Capital Adequacy Ratios: 204
49. Subsequent Events: 205

BANCO DE CHILE AND SUBSIDIARIES

INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

For the periods ended June 30, 2025 and December 31, 2024

(Free translationof Interim Consolidated Financial Statements originally issued in Spanish)

June
Notes 2025
MCh MCh$
ASSETS
Cash and due from banks 7 2,649,773 2,699,076
Transactions in the course of collection 7 510,159 372,456
Financial assets held for trading at fair value through profit or loss:
Derivative financial instruments 8 1,797,467 2,303,353
Debt financial instruments 8 2,875,353 1,714,381
Others 8 406,870 411,689
Non-trading financial assets mandatorily measured at fair value through profit or loss 9 — —
Financial assets at fair value through profit or loss 10 — —
Financial assets at fair value through other comprehensive income:
Debt financial instruments 11 2,962,470 2,088,345
Others 11 — —
Derivative financial instruments for hedging purposes 12 51,213 73,959
Financial assets at amortized cost:
Rights from resale agreements and securities lending 13 80,755 87,291
Debt financial instruments 13 460,239 944,074
Loans and advances to Banks 13 243,364 666,815
Loans to customers - Commercial loans 13 19,699,863 19,724,933
Loans to customers - Residential mortgage loans 13 13,679,792 13,180,186
Loans to customers - Consumer loans 13 5,170,244 5,183,917
Investments in other companies 14 80,478 76,769
Intangible assets 15 164,752 158,556
Property and equipment 16 182,451 189,073
Right-of-use assets 17 88,751 96,879
Current tax assets 18 6,111 159,869
Deferred tax assets 18 563,831 556,829
Other assets 19 1,614,753 1,373,541
Non-current assets and disposal groups held for sale 20 32,214 33,450
TOTAL ASSETS 53,320,903 52,095,441

All values are in US Dollars.

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

3

BANCO DE CHILE AND SUBSIDIARIES

INTERIM CONSOLIDATEDSTATEMENTS OF FINANCIAL POSITION

For the periods endedJune 30, 2025 and December 31, 2024

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

June December
Notes 2025 2024
MCh MCh
LIABILITIES
Transactions in the course of payment 7
Financial liabilities held for trading at fair value through profit or loss:
Derivative financial instruments 21
Others 21
Financial liabilities designated as at fair value through profit or loss 10
Derivative Financial Instruments for hedging purposes 12
Financial liabilities at amortized cost:
Current accounts and other demand deposits 22
Saving accounts and time deposits 22
Obligations by repurchase agreements and securities lending 22
Borrowings from financial institutions 22
Debt financial instruments issued 22
Other financial obligations 22
Lease liabilities 17
Financial instruments of regulatory capital issued 23
Provisions for contingencies 24
Provision for dividends, interests and reappraisal of financial instruments of regulatory capital issued 25
Special provisions for credit risk 26
Currents tax liabilities 18
Deferred tax liabilities 18
Other liabilities 27
Liabilities included in disposal groups held for sale 20
TOTAL LIABILITIES
EQUITY
Capital 28
Reserves 28
Accumulated other comprehensive income
Elements that are not reclassified in profit and loss 28
Elements that can be reclassified in profit and loss 28 )
Retained earnings from previous period 28
Income for the period 28
Less: Provision for dividends, interests and reappraisal of financial instruments of regulatory capital issued 28 ) )
Shareholders of the Bank 28
Non-controlling interests 28
TOTAL EQUITY
TOTAL LIABILITIES AND EQUITY

All values are in US Dollars.

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

4

BANCO DE CHILE AND SUBSIDIARIES

INTERIM CONSOLIDATED STATEMENTS OF INCOME

for the period between January 1, and June 30,

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

For the six-months<br> period ended <br>June 30, 04.01.2025 to<br> 06.30.2025 04.01.2024 to<br> 06.30.2024
Notes 2025 2024
MCh MCh MCh MCh
Interest revenue 30
Interest expense 30 ) ) ) )
Net interest income
UF indexation revenue 31
UF indexation expenses 31 ) ) ) )
Net income from UF indexation
Income from commissions 32
Expenses from commissions 32 ) ) ) )
Net income from commissions
Financial income (expense) for:
Financial assets and liabilities held for trading 33
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
Exchange, indexation and accounting hedging of foreign currency 33 )
Reclassification of financial assets for changes in the business model 33
Other financial result 33
Net Financial income (expense) 33
Income attributable to investments in other companies 34
Result from non-current assets and disposal groups held for sale not admissible as discontinued operations 35 ) )
Other operating income 36
TOTAL OPERATING INCOME
Expenses from salaries and employee benefits 37 ) ) ) )
Administrative expenses 38 ) ) ) )
Depreciation and amortization 39 ) ) ) )
Impairment of non-financial assets 40 ) ) ) )
Other operating expenses 36 ) ) ) )
TOTAL OPERATING EXPENSES ) ) ) )
OPERATING RESULT BEFORE CREDIT LOSSES

All values are in US Dollars.

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

5

BANCO DE CHILE AND SUBSIDIARIESINTERIM CONSOLIDATED STATEMENTS OF INCOMEfor the period between January 1, and June 30,

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

For the six-months period ended June 30, 04.01.2025 to 06.30.2025 04.01.2024 to 06.30.2024
Notes 2025 2024
MCh MCh MCh MCh
Credit loss expense for:
Provisions for credit risk of loans and advances to banks and loans to customers 41 ) ) ) )
Special provisions for credit risk 41 ) ) )
Recovery of written-off credits 41
Impairments for credit risk from other financial assets at amortized cost and financial assets at fair value through other comprehensive income 41 ) ) ) )
Credit loss expense 41 ) ) ) )
NET OPERATING INCOME
Income from continuing operations before tax
Income tax 18 ) ) ) )
Income from continuing operations after tax
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
Attributable to:
Shareholders of the Bank 28
Non-controlling interests
Earnings per share:
Basic earnings 28
Diluted earnings 28

All values are in US Dollars.

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

6

BANCO DE CHILE AND SUBSIDIARIESINTERIM CONSOLIDATED STATEMENTS OFOTHER COMPREHENSIVE INCOMEfor the period between January 1, and June 30,

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

For the six-months period ended June 30, 04.01.2025 to 06.30.2025 04.01.2024 to 06.30.2024
Notes 2025 2024
MCh MCh MCh MCh
NET INCOME FOR THE PERIOD 28
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 )
Fair value changes of equity instruments designated as at fair value through other comprehensive income 28 ) ) )
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 ) ) )
Income tax on other comprehensive income that will not be reclassified to profit or loss 28 ) )
TOTAL OTHER COMPREHENSIVE INCOME THAT WILL NOT BE RECLASSIFIED TO INCOME AFTER TAXES 28 ) )
ELEMENTS THAT CAN BE RECLASSIFIED TO PROFIT OR LOSS
Fair value changes of financial assets at fair value through other comprehensive income 28 ) )
Cash flow hedges 28
Participation in other comprehensive income of entities registered under the equity method 28 )
OTHER COMPREHENSIVE INCOME THAT WILL BE RECLASSIFIED TO INCOME BEFORE TAXES
Income tax on other comprehensive income that can be reclassified to profit or loss 28 ) ) ) )
TOTAL OTHER COMPREHENSIVE INCOME THAT WILL BE RECLASSIFIED TO PROFIT OR LOSS AFTER TAX 28 ) )
TOTAL OTHER COMPREHENSIVE INCOME FOR THE PERIOD 28 ) )
CONSOLIDATED COMPREHENSIVE INCOME FOR THE PERIOD
Attributable to:
Shareholders of the Bank
Non-controlling interests

All values are in US Dollars.

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

7

BANCODE CHILE AND SUBSIDIARIESINTERIM CONSOLIDATED STATEMENTS OF CASH FLOWSfor the period between January 1, and June 30,

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

June June
Notes 2025 2024
MCh MCh
CASH FLOWS FROM OPERATING ACTIVITIES:
Profit for the period before taxes
Income tax 18 ) )
Profit for the period after taxes
Charges (credits) to income (loss) that do not represent cash flows:
Depreciation and amortization 39
Impairment of non-financial assets 40
Provisions for credit losses
Provisions for contingencies 41
Additional provisions 41 )
Fair value of debt financial instruments held for trading at fair value through in profit or loss )
Change in deferred tax assets and liabilities 18 )
Net (income) loss from investments in companies with significant influence 34 ) )
Net (income) loss on sale of assets received in payments ) )
Net (income) loss on sale of sale of fixed assets 35 ) )
Write-offs of assets received in payment 35
Other charges (credits) that do not represent cash flows
Net change in exchange rates, interest, readjustments and commissions accrued on assets and liabilities
Changes due to (increase) decrease in assets and liabilities affecting the operating flow:
Net (increase) decrease in accounts receivable from banks
Net (increase) decrease in loans and accounts receivables from customers ) )
Net (increase) decrease of debt financial instruments held for trading at fair value through profit or loss
Net (increase) decrease in other assets and liabilities )
Increase (decrease) in deposits and other demand obligations )
Increase (decrease) in repurchase agreements and securities loans
Increase (decrease) in deposits and other time deposits
Sale of assets received in lieu of payment
Increase (decrease) in obligations with foreign banks
Increase (decrease) in other financial obligations ) )
Increase (decrease) in obligations with the Central Bank of Chile )
Net increase (decrease) of debt financial instruments at fair value through other comprehensive income )
Net (increase) decrease of financial instruments at amortized cost )
Total net cash flows provided by (used in) operating activities )
CASH FLOWS FROM INVESTING ACTIVITIES:
Leasehold improvements 17 ) )
Fixed assets purchase 16 ) )
Fixed assets sale
Disposal of investments in companies
Acquisition of intangibles 15 ) )
Dividend received of investments in companies
Total net cash flows from (used in) investing activities ) )
CASH FLOW FROM FINANCING ACTIVITIES:
Attributable to the interest of the owners:
Redemption and payment of interest of letters of credit ) )
Redemption and payment of interest on current bonds ) )
Redemption and payment of interest on subordinated bonds ) )
Current bonds issuance 22
Subordinated bonds issuance
Payment of common stock dividends 28 ) )
Principal and interest payments for obligations under lease contracts 17 ) )
Attributable to non-controlling interest:
Dividend payment and/or withdrawals of paid-in capital in respect of the subsidiaries corresponding to the non-controlling interest
Total net cash flows from (used in) financing activities ) )
VARIATION IN CASH AND CASH EQUIVALENTS DURING THE PERIOD )
Effect of exchange rate changes on cash and cash equivalents )
Opening balance of cash and cash equivalent 7
Final balance of cash and cash equivalent 7

All values are in US Dollars.

June June
2025 2024
MCh MCh
Interest operating cash flow:
Interest and readjustments received 1,790,065 1,903,838
Interest and readjustments paid (652,299 (793,894

All values are in US Dollars.

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

8

BANCO DE CHILE AND SUBSIDIARIESINTERIM CONSOLIDATED STATEMENTS OF CASH FLOWSfor the period between January 1, and June 30,(Free translation of Interim Consolidated Financial Statements originally issued in Spanish)

Reconciliation of liabilities arising from financing activities:

Changes other than Cash
12.31.2024 Net Cash Flow Acquisition / (Disposals) Foreign currency UF Movement Changes other than Cash 06.30.2025
MCh MCh MCh MCh MCh MCh MCh
Letters of credit )
Bonds )
Dividends paid )
Obligations for lease contracts )
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 ) )

All values are in US Dollars.

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

9

BANCODE CHILE AND SUBSIDIARIESINTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITYfor the period between January 1, and June 30, 2025 and 2024

(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 years Total Non- controlling interests Total Equity
MCh MCh MCh MCh MCh MCh MCh
Opening balances as of January 1, 2024
Dividends distributed and paid 28 ) ) ) )
Application of provision for payment of common stock dividends
Provision for payment of common stock dividends 28 ) ) )
Subtotal: transactions with owners during the period ) ) ) )
Income for the period 2024 28
Other comprehensive income for the period 28 ) ) )
Subtotal: Comprehensive income for the period )
Balances as of June 30, 2024
Dividends distributed and paid
Application of provision for payment of common stock dividends
Provision for payment of common stock dividends ) ) )
Subtotal: transactions with owners during the period ) ) )
Income for the period 2024
Other comprehensive income for the period ) ) )
Subtotal: Comprehensive income for the period )
Balances as of December 31, 2024
Dividends distributed and paid 28 ) ) ) )
Application of provision for payment of common stock dividends 28
Provision for payment of common stock dividends 28 ) ) )
Subtotal: transactions with owners during the period ) ) ) )
Income for the period 2025 28
Other comprehensive income for the period 28
Subtotal: Comprehensive income for the period
Balances as of June 30, 2025

All values are in US Dollars.

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

10

BANCO DE CHILE AND SUBSIDIARIES NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS

(Free translation of 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.

11

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

2. Main Accounting Criteria Used:
(a) Legal Dispositions:
--- ---

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 Accounting Standards of 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 Consolidated Statement of Financial Position, Consolidated Statement of Income, Consolidated Statement of Other Comprehensive Income, 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 June 30, 2025 and December 31, 2024, have been consolidated with its subsidiaries, 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.

12

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, continued

2. Main Accounting Criteria Used, continued:
− Controlled companies (Subsidiaries):

Interim Consolidated Financial Statements as of of June 30, 2025 and 2024 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:
Indirect Total
Functional December June December June December
Rut Entity Country Currency 2024 2025 2024 2025 2024
% % % % %
96,767,630-6 Banchile Administradora General de Fondos S.A. Chile Ch 99.98 99.98 0.02 0.02 100.00 100.00
96,543,250-7 Banchile Asesoría Financiera S.A. Chile Ch 99.96 99.96 — — 99.96 99.96
77,191,070-K Banchile Corredores de Seguros Ltda. Chile Ch 99.83 99.83 0.17 0.17 100.00 100.00
96,571,220-8 Banchile Corredores de Bolsa S.A. Chile Ch 99.70 99.70 0.30 0.30 100.00 100.00
96,645,790-2 Socofin S.A. (**) (***) Chile Ch 100.00 99.00 — 1.00 100.00 100.00
77,955,969-6 Operadora de Tarjetas B-Pago S.A. (*) Chile Ch 99.90 99.90 0.10 0.10 100.00 100.00

All values are in US Dollars.

(*) On July 29, 2024, the public deed of incorporation of the subsidiary<br>company of Banco de Chile was signed.
(*) On June 24, 2025, the entity’s corporate name was changed to<br>Operadora de Tarjetas Banchile Pagos S.A.
--- ---
(**) On June 17, 2025, the CMF approved, by exempt resolution, the<br>request to absorb and dissolve the subsidiary company.
--- ---
(***) See Note No. 5 letter (d) on Relevant Events.
--- ---
− Investments in associates and joint ventures:
--- ---

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

Investments in associates where exists significant influence, are accounted for using the equity method (Note No. 14 Investments in other companies).

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

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

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

− Minority investments in other companies:

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

13

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 June 30, 2025 and 2024 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 Consolidated Statements of Income and the Consolidated Statements of Financial Position.

(d) Use of Estimates and Judgment:

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

- Losses due to impairment of assets and liabilities (Notes No. 11, 13, 15, 16, 17 and No. 40);
- Provision for credit risk (Notes No. 13, 26 and 41);
--- ---
- Expenses for amortization of intangible assets, depreciation of property and equipment and leased assets<br>and lease liabilities (Notes No. 15, 16 and 17);
--- ---
- Income taxes and deferred taxes (Note No. 18);
--- ---
- Provisions (Note No. 24);
--- ---
- Contingencies and Commitments (Note No. 29);
--- ---
- Fair value of financial assets and liabilities (Notes No. 8, 11, 12, 21 and 44).
--- ---

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 June 30, 2025 there have been no significant changes in the estimates made with the exception of what is indicated in Note No. 4 Accounting Changes.

14

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 or “CNCB” (as abbreviated in Spanish), 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 measured at amortized cost if both of the following conditions are met:

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

A debt financial instrument must be measured 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 by both collecting contractual cash flows<br>and selling financial assets and
- The contractual terms of the financial asset give rise to cash flows that are solely payments of principal<br>and interest on the principal amount outstanding.
--- ---

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.

15

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 measurement or in the recognition that would arise from valuing or recognizing the assets on a different basis.

The assets recorded in these items are valued after their acquisition at their fair value and changes in their value are recorded, at their net amount, under “Financial assets and liabilities held for trading”, “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.

16

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)).
--- ---
- Due from banks (Note No. 13 (c)).
--- ---
- Loans and accounts receivable from customers (Note No. 13<br>(d)).
--- ---

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

17

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.

18

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.

19

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 Probability of default (%) PD Loss given default (%) LGD Expected loss (%) EL
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 CNCB.

20

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 or real
GE = Guaranteed exposure
--- --- ---

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.

21

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, 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 Allowance (%)
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
--- ---
AP =   Allowance Percentage (according to the category in which the Expected Loss Rate should be<br> assigned).
--- ---

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.
--- ---
- 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 have direct debts unpaid in the CMF recast information, except in the case of insignificant<br>amounts.
--- --- 
22

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, 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<br>should require gross provisions or other mitigations. In addition, for its computation, mortgage loans must be excluded. In the case of<br>off-balance sheet items, the gross amount is calculated by applying the credit conversion factors, defined in chapter B-3 of the CNCB.<br>To determine the aggregate exposure, the bank must consider the definition of corporate group established in Title II of Chapter 12-16<br>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<br>exceed 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 estimated losses must be related to the type of portfolio and the term of the operations.

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

23

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

24

NOTES TO THE INTERIMCONSOLIDATED FINANCIAL STATEMENTS, 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 
25

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, 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 CNCB may be considered, computed as the difference between 80% of the property commercial value, according to with the conditions set out in that framework, and the mortgage loan that guarantees.

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

i. Transactions with specific collaterals: when the debtor granted specific collateral for generic commercial<br>loans and factoring, the PTVG ratio is calculated independently for each covered transaction, such as the division between the amount<br>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<br>general or general and specific collaterals, the Bank calculates the respective PTVG, jointly for all generic commercial loans and factoring<br>and not contemplated in the preceding paragraph i), as the quotient between the sum of the amounts of the loans and exposures of contingent<br>loans and the general, or general and specific collateral that, according to the scope of the remaining coverage clauses, safeguard the<br>loans considered in the numerator aforementioned coverage ratio.
--- --- 
26

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

2. 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<br>respective clauses.
--- ---
(c) Consumer Portfolio
--- ---

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

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

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

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

2. Main Accounting Criteria Used, continued:

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

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

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

To determine the value of the LGD, it is determined whether or not the debtor has a mortgage loan for the home in the system as defined for the value of the PD, and the type of loan involved

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

**** Automotive leasing and credit operations **** Credits in installments **** Credit cards and lines, and other consumer products ****
With a mortgage loan for housing in the system 33,2 % 47,7 % 49,5 %
No mortgage loan for housing in the system 33,2 % 56,6 % 60,3 %

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

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

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

2. Main Accounting Criteria Used, continued:
− Portfolio in default.
--- ---

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

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

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

- No 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.
--- ---

(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 CNCB. This procedure must be carried out in an aggregate manner, grouping all those operations to which the same deductible percentage is applicable.

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

29

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

2. Main Accounting Criteria Used, continued:

(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.

● 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 CNCB must be considered, depending on whether<br>it is a credit subject to individual or group evaluation, respectively.
--- --- 
30

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

2. Main Accounting Criteria Used, continued:
● Refinancing with grace periods greater than 360 days.
--- ---

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

(v) Impairment of loans.

The impaired loans include the following assets, according to Chapter B-1 of the CNCB 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”.
--- ---

(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.

31

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, 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 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.

32

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, 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 CNCB of the CMF, the impairment model of IFRS 9 will not be applied to loans in the category “Financial assets at amortized cost” (“Due from banks” and “Loans and accounts receivable from customers”), nor on “Contingent loans”, since the criteria for these instruments are defined in Chapters B-1 to B-3 of the CNCB.

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.

33

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, 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).

34

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, 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.

35

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, 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 Consolidated Financial Statements of Banco de Chile and its subsidiaries are valued using the currency of the primary economic environment in which it operates (functional currency). The functional and presentation currency of the Interim Consolidated Financial Statements of Banco de Chile is 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 June 30, 2025 and 2024, 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$931.38 per US$1 (Ch$942.46 per US$1 as of June 30, 2024).

As of June 30, 2025, the amount of Ch$49,740 million corresponding to a net financial profit from exchange, indexation and accounting hedging of foreign currency (net gain of Ch$81,958 million as of June 30, 2024) 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.

36

NOTES TO THE INTERIM CONSOLIDATED 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.
--- --- 
37

NOTES TO THE 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.
--- --- 
38

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL 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”, depending on 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.

39

NOTES TO THE INTERIM CONSOLIDATED 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 that 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 periods 2025 and 2024 are as follows:

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

Maintenance expenses related 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”.

40

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, 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.
--- --- 
41

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 Credit<br><br> Conversion<br><br>Factor
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 CNCB 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.

42

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL 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 letter (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 June 30, 2025 and December 31, 2024).

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.

43

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL 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 June 30, 2025 and 2024 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.
--- --- 
44

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

2. Main Accounting Criteria Used,continued**:**

The fees registered as income 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.
--- --- 
45

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

2. Main Accounting Criteria Used,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.

46

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, 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 June 30, 2025, the balance of additional provisions amounts to Ch$631,217 million (Ch$700,252 million in December 2024), which are presented in the caption “Special Provisions for Credit Risk” of liabilities in the Consolidated Statement of Financial Position.

(ac) Fair value measurement:

“Fair value” is understood as the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between participants in a principal (or more advantageous) market at the measurement date under current market conditions, 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.

47

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, 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.

48

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, 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.

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

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

- Accounting standards 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).

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.

The new methodology was implemented in January 2025 and will impact on result before tax charge of approximately $69,000 millon in the year 2025.

49

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

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

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 was made in the first quarter of 2025.

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 June 30, 2025, 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.

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).

50

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

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

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 defined by the management.
--- ---
- More useful grouping of the information in the financial statements.
--- ---

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

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

IFRS 19 – Subsidiaries withoutPublic Accountability: Disclosures

In May 2024, the IASB published the new accounting standard IFRS 19 Subsidiaries without Public Accountability and Disclosures, which will come into effect on 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 to trade on a public market or if it is in the process<br>of issuing such instruments to negotiate on a public market; or
- Manages fiduciary assets for a broad group of external people as one of its principal businesses.
--- ---

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

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

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

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.

51

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

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

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

For investments in equity financial instruments designated at fair value through other comprehensive income, an entity is required to disclose the fair value gain or loss presented in other comprehensive income during the period, 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 Environmental, Social and Governance factor (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.

4. Accounting Changes:

As directed by the Financial Market Commission, the Bank adopted the new standard provisioning model for consumer loans beginning in January 2025. The impact will represent a pre-tax charge of approximately Ch$69,000 million in fiscal year 2025.

During the period ended June 30, 2025, there have been no others material or relative importance changes in accounting that affect the presentation of these Interim Consolidated Financial Statements.

52

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

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

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

(d) On April 10, 2025, at a meeting of the Board of Directors of Banco de Chile, it was agreed, subject to<br>prior authorization from the Financial Market Commission, to absorb the subsidiary company Socofin S.A., by purchasing the shares issued<br>by it whose owner is Banchile Asesoría Financiera S.A. and, in this way, dissolve Socofin S.A. in accordance with the provisions<br>of section 2 of article 103 of Law 18,046. Likewise, once the dissolution of the aforementioned company occurs, the Bank will have the<br>character of a legal successor of the entity. 
53

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

5. Relevant Events, continued:
(e) During the period 2025 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
--- --- --- --- --- --- --- --- ---
March 17, 2025 11/2022 FC 600,000 UF 01/01/2030 2.97 %
March 20, 2025 11/2022 FC 300,000 UF 01/01/2030 2.97 %
March 21, 2025 11/2022 FC 1,050,000 UF 01/01/2030 2.97 %
April 1, 2025 11/2022 FC 800,000 UF 01/01/2030 2.96 %
April 3, 2025 11/2022 FO 900,000 UF 01/01/2032 2.92 %
April 15, 2025 11/2022 FH 850,000 UF 12/01/2030 2.84 %
April 17, 2025 11/2022 GG 1,000,000 UF 05/01/2035 3.03 %
April 17, 2025 (*) 20240002 HD 2,000,000 UF 10/01/2034 3.03 %
May 7, 2025 11/2022 FH 300,000 UF 12/01/2030 2.92 %
May 9, 2025 11/2022 GG 150,000 UF 05/01/2035 3.03 %
May 9, 2025 (*) 20240002 HN 300,000 UF 12/01/2039 3.06 %
May 30, 2025 11/2022 FA 590,000 UF 08/01/2028 2.77 %
May 30, 2025 11/2022 FH 250,000 UF 12/01/2030 3.06 %
June 2, 2025 11/2022 FH 350,000 UF 12/01/2030 3.06 %
June 2, 2025 11/2022 FH 250,000 UF 12/01/2030 3.05 %
June 3, 2025 11/2022 FH 226,000 UF 12/01/2030 3.04 %
June 6, 2025 11/2022 FH 108,000 UF 12/01/2030 3.04 %
June 10, 2025 11/2022 FH 666,000 UF 12/01/2030 3.04 %
June 10, 2025 11/2022 FO 500,000 UF 01/01/2032 3.06 %
(*) The bonds have been registered under the Automatic Registration<br>modality, with the registration number dated April 5, 2024.
--- ---
(f) During the period 2025 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
--- --- --- --- --- --- ---
June,17, 2025 (*) 100,000,000 CHF 07/15/2031 1.1875 %
June, 18, 2025 10,000,000,000 JPY 06/27/2030 1.635 %
(*) This placement will be listed on the Zurich Stock Exchange in<br>Switzerland and is intended to finance or refinance social and environmental projects in accordance with Banco de Chile’s Sustainability<br>Financing Framework.
--- --- 
54

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. (*)
- Operadora de Tarjetas Banchile Pagos S.A.
(*) See Note No. 5 letter (d) on Relevant Events.
--- --- 
55

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<br> net interest margin of loans and deposits is obtained aggregating the net financial margins<br> of each individual operation of credit and uptake made by the bank. For these purposes, the<br> volume of each operation and its contribution margin are considered, which in turn corresponds<br> to the difference between the effective rate of the customer and the internal transfer price<br> established according to the term and currency of each operation. Additionally, the net margin<br> includes the result of interest and indexation from the accounting hedges.
● Provisions<br> for credit risk are determined at the customer and counterparty level based on the characteristics<br> of each of their operations. In the case of additional provisions, these are assigned to<br> the different business segments based on the credit risk weighted assets that each segment<br> has.
--- ---
● The<br> capital and its financial impacts on outcome have been assigned to each segment based on<br> the risk-weighted assets.
--- ---
● Operational<br> expenses are reflected at the level of the different functional areas of the Bank. The allocation<br> 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 June 30, 2025 and 2024 there was no income from transactions with a customer or counterparty that accounted for 10% or more of the Bank’s total revenues.

56

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 June 30, 2025 and 2024 for each of the segments defined above:

Retail Wholesale Treasury Subsidiaries Subtotal Consolidation adjustment Total
June June June June June June June June June June June June June June
2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024
MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh
Net interest revenue (expense) and UF indexation ) ) ) )
Net commissions revenue (expense) ) )
Profit (loss) of financial operations ) )
Foreign currency changes, indexation and accounting hedge
Other income ) )
Income attributable to investments in other companies
Total operating revenue ) )
Expenses from salaries and employee benefits ) ) ) ) ) ) ) ) ) ) ) )
Administrative expenses ) ) ) ) ) ) ) ) ) ) ) )
Depreciation and amortization ) ) ) ) ) ) ) ) ) ) ) )
Impairment of non-financial assets ) ) ) ) ) ) )
Other operating expenses ) ) ) ) ) ) ) ) ) ) ) )
Total operating expenses ) ) ) ) ) ) ) ) ) ) ) )
Expenses for credit losses ) ) ) ) ) ) ) ) ) )
Income from operations
Income taxes ) )
Income after income taxes

All values are in US Dollars.

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

The following table presents assets and liabilities of the periods ended June 30, 2025 and December 31, 2024 by each segment defined above:

Retail Wholesale Treasury Subsidiaries Subtotal Consolidation adjustment Total
June December June December June December June December June December June December June December
2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024
MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh
Assets ) )
Current and deferred taxes
Total assets
Liabilities ) )
Current and deferred taxes
Total liabilities

All values are in US Dollars.

57

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:

June December
2025 2024
MCh MCh
Cash and due from banks:
Cash
Deposit in Chilean Central Bank (*)
Deposit in abroad Central Bank
Deposits in domestic banks
Deposits in abroad banks
Subtotal – Cash and due from banks
Net transactions in the course of settlement (**)
Others cash equivalents (***)
Total cash and cash equivalents

All values are in US Dollars.

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

June December
2025 2024
MCh MCh
Assets
Documents drawn on other banks (clearing)
Funds receivable
Subtotal - assets
Liabilities
Funds payable ) )
Subtotal - liabilities ) )
Net transactions in the course of settlement

All values are in US Dollars.

(*) 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.
--- --- 
58

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:

June December
2025 2024
MCh MCh
Financial derivative contracts
Debt Financial Instruments
Other financial instruments
Total

All values are in US Dollars.

(a) The Bank as of June 30, 2025 and December 31, 2024, maintains the following asset portfolio of derivative<br>instruments:
Notional amount of contract with final expiration date in
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Demand Up to 1 month Over 1 month and up to 3 months Over 3 months and up to 12 months Over 1 year and up to 3 years Over 3 year and up to 5 years Over 5 years Total Fair<br>Value <br>Assets
June December June December June December June December June December June December June December June December June December
2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024
MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh
Currency forward
Interest rate swap
Interest rate and cross currency swap
Call currency options
Put currency options
Total

All values are in US Dollars.

59

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:

June December
2025 2024
MCh MCh
Instruments issued by the Chilean Government and Central Bank of Chile
Debt financial instruments from the Central Bank of Chile
Bonds and Promissory notes from the General Treasury of the Republic
Other fiscal debt financial instruments
Other 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
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

All values are in US Dollars.

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$12,349 million as of June 30, 2025 (Ch$10,038 million as of December 31, 2024). The repurchase agreements have an average maturity of 1 day as of June 30, 2025 (2 days in December 2024).

Instruments sold under repurchase agreements to clients and financial institutions include other debt financial instruments issued in the country, by an amount of Ch$96,250 million as of June 30, 2025 (Ch$89,223 million in December 2024). The repurchase agreements have an average maturity of 7 days at the end of the period 2025 (7 days in December 2024).

Additionally, the Bank has investments in own-issued letters of credit for an amount equivalent to Ch$676 million as of June 30, 2025 (Ch$998 million in December 2024), which are presented as a reduction of the liability item “Debt Financial Instruments Issued”.

60

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:

June December
2025 2024
MCh MCh
Mutual fund investments
Funds managed by related companies
Funds managed by third-parties
Equity instruments
Domestic equity instruments
Foreign equity instruments
Loans originated and acquired by the entity
Others
Total

All values are in US Dollars.

9. Non-trading Financial Assets mandatorily measured at Fair Value through Profit or Loss:

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

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

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

61

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

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

The item detail is as follows:

June December
2025 2024
MCh MCh
Debt Financial Instruments
Other financial instruments
Total

All values are in US Dollars.

(a) As of June 30, 2025 and December 31, 2024, the detail of debt financial instruments is as follows:
June December
--- --- ---
2025 2024
MCh MCh
Instruments issued by the Chilean Government and Central Bank of Chile
Debt financial instruments from the Central Bank of Chile
Bonds and Promissory notes from the General Treasury of the Republic
Other fiscal debt financial instruments
Other 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
Instruments Issued Abroad
Financial instruments from foreign Central Banks
Financial instruments from foreign governments and fiscal entities
Debt financial instruments from other foreign banks
Bonds and trade effects from foreign companies
Other debt financial instruments issued abroad
Total

All values are in US Dollars.

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$19,705 million in June 2025 (Ch$10,001 million in December 2024). The repurchase agreements have an average maturity of 2 days in June 2025 (2 days in December 2024).

Under the same item, instruments that guarantee margins for cleared derivatives transactions are classified through Comder Contraparte Central S.A. for an amount of Ch$53,452 million as of June 30, 2025 (Ch$22,719 million as of December 31, 2024).

62

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

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

As of June 30, 2025 the accumulated credit impairment for debt instruments at fair value through other comprehensive income was Ch$5,161 million (Ch$4,226 million as of December 31, 2024).

(b) The analysis of changes in fair value and expected losses of debt instruments measured at fair value is<br>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, 2024
Net change in balance ) ) ) )
Change in fair value ) )
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 December 31, 2024
Balance as of January 1, 2025
Net change in balance
Change in fair value
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 June 30, 2025

All values are in US Dollars.

(c) Realized and unrealized gains and losses:

As of June 30, 2025, the portfolio of debt financial instruments includes an accumulated unrealized gain of Ch$12,209 million (unrealized gain of Ch$4,478 million as of December 31, 2024), recorded as an equity valuation adjustment.

Gross realized gains and losses on the sale of debt financial instruments, as of June 30, 2025 and 2024 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:

June June
2025 2024
MCh MCh
Unrealized gains (losses)
Realized losses (gains) reclassified to income ) )
Subtotal )
Income tax on other comprehensive income ) )
Net effect in equity )

All values are in US Dollars.

63

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

12. Derivative Financial Instruments for hedging purposes:
(a.1) As of June 30, 2025 and December 31, 2024, the Bank has the<br>following asset portfolio of financial derivative instruments for accounting hedging purposes:
--- ---
Notional amount of contract with final expiration date in
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Demand Up to 1 month Over 1 month and <br>up to 3 months Over 3 months and <br>up to 12 months Over 1 year and <br>up to 3 years Over 3 year and<br> up to 5 years Over 5 years Total Fair value Assets
June December June December June December June December June December June December June December June December June December
2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024
MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh
Derivatives held for fair value hedges
Cash flow hedge derivatives
Interest rate swap and cross currency swap
Total

All values are in US Dollars.

(a.2) As of June 30, 2025 and December 31, 2024, the Bank has the<br>following debt portfolio of financial derivative instruments for accounting hedging purposes:
Notional amount of contract with final expiration date in
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Demand Up to 1 month Over 1 month and <br>up to 3 months Over 3 months and <br>up to 12 months Over 1 year and<br> up to 3 years Over 3 year and up <br>to 5 years Over 5 years Total Fair value Liabilities
June December June December June December June December June December June December June December June December June December
2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024
MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh
Derivatives held for fair value hedges
Cash flow hedge derivatives
Interest rate swap and cross currency swap
Total

All values are in US Dollars.

64

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

12. Derivative Financial Instruments for hedging purposes, continued:
(b) Fair value Hedges:
--- ---

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

(c) Cash flow Hedges:
(c.1) The Bank uses cross currency swaps to hedge the risk from variability of cash flows attributable to changes<br>in the interest rates and foreign exchange of foreign banks obligations and bonds issued abroad in US Dollars, Hong Kong dollars, Swiss<br>Franc, Japanese Yens, Peruvian Sol, Australian Dollars, Euros, Norwegian kroner and Mexican peso. The cash flows of the cross currency<br>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 are used to hedge the risk from variability of the Unidad de Fomento (“CLF”) in assets flows denominated in CLF until a nominal amount equal to the portion notional of the hedging instrument CLF, whose readjustment impact the item “Interest Revenue” of the Income Financial Statements.

65

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

12. Derivative Financial Instruments for hedging purposes, continued:
(c) Cash flow Hedges, continued:
--- ---
(c.2) Below are the cash flows from bonds issued abroad objects of this hedge and the cash flows of the asset<br>part of the derivative instrument:
--- ---
Up<br> to 1 month Over<br> 1 month and up to 3 months Over<br> 3 months and up to 12 months Over<br> 1 year and up to 3 years Over<br> 3 years and up to 5 years Over<br> 5 years Total
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
December June December June December June December June December June December June December June December
2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024
MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh
Hedge<br> element
Outflows:
Corporate<br> Bond ) ) ) ) ) ) ) ) ) ) ) ) ) )
Obligation ) ) ) )
Hedge<br> instrument
Inflows:
Cross<br> Currency Swap
Net<br> cash flows

All values are in US Dollars.

(c.3) Below are the cash flows from underlying assets and the cash flows of the liability part of the derivative<br>instrument:
Demand Up<br> to 1 month Over<br> 1 month and up to 3 months Over<br> 3 months and up to 12 months Over<br> 1 year and up to 3 years Over<br> 3 years and up to 5 years Over<br> 5 years Total
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
June December June December June December June December June December June December June December June December
2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024
MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh
Hedge<br> element
Inflows:
Cash<br> flows in CLF
Hedge<br> instrument
Outflows:
Cross<br> Currency Swap ) ) ) ) ) ) ) ) ) ) ) ) ) )
Net<br> cash flows

All values are in US Dollars.

66

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

12. Derivative Financial Instruments for hedging purposes, continued:
(c) Cash flow 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 2025 by those derivative contracts that conform the<br>hedging instruments in this cash flow hedging strategy, have been recorded with credit to equity amounting to Ch$12,102 million (credit<br>to equity of Ch$5,438 million in June 2024). The net effect of taxes credit to equity amounts to Ch$8,834 million (credit to equity of<br>Ch$3,970 million during June 2024).

The accumulated balance for this concept as of June 30, 2025 corresponds to a charge in equity amounted to Ch$295 million (charge to equity of Ch$12,397 million as of December 2024).

(c.5) The effect of the cash flow hedging derivatives that offset the result of the hedged instruments corresponds<br>to a charge to income of Ch$84,157 million during the period 2025 (credit to results for Ch$46,713 million during June 2024).
(c.6) As of June 30, 2025 and 2024, there is not any inefficiency in the cash flow hedge, because both, hedged<br>item and hedge instruments, are mirrors of each other, it means that all variation of value attributable to rate and revaluation components<br>are netted totally.
--- ---
(c.7) As of June 30, 2025 and 2024, the Bank does not have hedges of net investments in foreign business.
--- ---
13. Financial assets at amortized cost:
--- ---

The item detail is as follows:

June December
2025 2024
MCh MCh
Rights from resale agreements and securities lending
Debt financial instruments
Loans and advances to Banks
Loans to customers:
Commercial loans
Residential mortgage loans
Consumer loans
Provisions established for credit risk (*)
Commercial loans provisions ) )
Mortgage loans provisions ) )
Consumer loans provisions ) )
Total

All values are in US Dollars.

(*) In addition to these provisions for credit risk, country risk<br>provisions are maintained to cover foreign operations and additional provisions agreed by the Board of Directors, which are presented<br>in liabilities under the item Special provisions for credit risk (See Note No. 26). 
67

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

13. Financial assets at amortized cost, continued:
(a) Rights 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 June 30, 2025 and December 31, 2024, the detail is as follows:

June December
2025 2024
MCh MCh
Transaction with domestic banks
Transaction with foreign banks
Transaction with other domestic entities
Resale agreements
Rights from securities lending
Transaction with other foreign entities
Accumulated Impairment Value of Financial Assets at Amortized Cost - Rights from resale agreements and securities lending
Total

All values are in US Dollars.

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 June 30, 2025, the fair value of the instruments received amounts to Ch$82,762 million (Ch$87,157 million in December 2024).

(b) Debt financial instruments:

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

June December
2025 2024
MCh MCh
Instruments issued by the Chilean Government and Central Bank of Chile
Debt financial instruments from the Central Bank of Chile
Bonds and promissory notes from the General Treasury of the Republic
Other fiscal debt financial instruments
Other Finacial Instruments issued in Chile
Financial Instruments issued Abroad
Accumulated Impairment Value of Financial Assets at Amortized Cost Debt Financial Instruments
Financial assets with no significant increase in credit risk since initial recognition (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

All values are in US Dollars.

68

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

13. Financial assets at amortized cost, continued:
(c) Loans and advances to Banks: At the end of each period, the balances presented under this item are as follows:
--- ---
Assets<br> 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 Net
Individual Individual Individual Individual Individual Individual Financial
As of June<br> 30, 2025 Evaluation Evaluation Evaluation Total Evaluation Evaluation Evaluation Total Asset
MCh MCh MCh MCh MCh MCh MCh MCh MCh
Domestic 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 domestic banks
Foreign<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
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 ) )
Central<br> Bank of Chile
Current<br> account deposits for derivative transactions with a central counterparty
Other<br> deposits not available
Other<br> receivables
Foreign<br> Central Banks
Current<br> account deposits foreign for derivatives transactions
Other<br> foreign deposits not available
Other<br> foreign receivables
Subtotal<br> Central Bank of Chile and Foreign Central Banks
Total ) )

All values are in US Dollars.

69

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

13. Financial assets at amortized cost, continued:
(c) Loans and advances to Banks, continued:
--- ---
Assets<br> 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 Net
Individual Individual Individual Individual Individual Individual Financial
As<br> of December 31, 2024 Evaluation Evaluation Evaluation Total Evaluation Evaluation Evaluation Total Asset
MCh MCh MCh MCh MCh MCh MCh MCh MCh
Domestic Banks
Interbank<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 ) )
Current<br> accounts overdrafts
Chilean<br> exports foreign trade loans ) )
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 ) )
Central<br> Bank of Chile
Current<br> account deposits for derivative transactions with a central counterparty
Other<br> deposits not available
Other<br> receivables
Foreign<br> Central Banks
Current<br> account deposits foreign for derivatives transactions
Other<br> foreign deposits not available
Other<br> foreign receivables
Subtotal<br> Central Bank of Chile  and Foreign Central Banks
Total ) )

All values are in US Dollars.

70

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

13. Financial assets at amortized cost, continued:
(d) Loans to Customers: At the end of each period, the balances presented under this item are as follows:
--- ---
**** Assets<br> before allowances Allowances<br> established ****
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
**** Normal<br> <br> Portfolio Substandard<br> Portfolio Non-Complying<br> Portfolio Normal<br> <br> Portfolio **** Substandard<br> Portfolio **** Non-Complying<br> Portfolio **** **** Deductible<br> Warranties **** **** Net
Loans to Customers Evaluation Evaluation Evaluation Evaluation **** Evaluation **** Evaluation **** Sub **** Fogape **** **** Financial
As of June 30, 2025 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<br> loans ) ) ) ) ) ) ) )
Chilean<br> exports foreign trade loans ) ) ) ) ) ) )
Accrediting<br> foreign trade loans negotiated in terms of Chilean imports ) ) )
Chilean<br> imports foreign trade loans ) ) ) ) ) ) )
Foreign<br> trade credits for operations with to third countries
Current<br> account debtors ) ) ) ) ) ) )
Credit<br> card debtors ) ) ) ) ) ) )
Factoring<br> transactions ) ) ) ) ) ) )
Commercial<br> lease transactions (1) ) ) ) ) ) ) ) )
Student<br> loans ) ) ) )
Other<br> loans and accounts receivable ) ) ) ) ) ) )
Subtotal ) ) ) ) ) ) ) )
Residential<br> mortgage loans
Loans<br> with letters of credit for mortgage ) ) ) )
Endorsable<br> mortgage loans ) ) ) )
Loans<br> with mutual funds financed by mortgage bonds
Other<br> residential lending ) ) ) )
Residential<br> lease transactions (1)
Other<br> loans and accounts receivable ) ) ) )
Subtotal ) ) ) )
Consumer<br> loans
Consumer<br> loans in installments ) ) ) )
Current<br> account debtors ) ) ) )
Credit<br> card debtors ) ) ) )
Consumer<br> lease transactions (1) ) ) )
Other<br> loans and accounts receivable ) ) ) )
Subtotal ) ) ) )
Total ) ) ) ) ) ) ) )

All values are in US Dollars.

(1) In this item, the Bank finances its clients the acquisition<br>of movable and immovable property through financial lease agreements. As of June 30, 2025, Ch$1,022,052 million correspond to finance<br>leases on real estate assets and Ch$1,000,231 million correspond to finance leases on movable property. 
71

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

13. Financial assets at amortized cost, continued:
(d) Loans to Customers, continued:
--- ---
**** Assets<br> before allowances Allowances<br> established ****
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
**** Normal<br> <br>Portfolio Substandard<br> Portfolio Non-Complying<br> Portfolio Normal<br> <br>Portfolio **** Substandard<br><br> Portfolio **** Non-Complying<br> Portfolio **** **** Deductible<br> Warranties **** **** Net
Loans to Customers Evaluation Evaluation Evaluation Evaluation **** Evaluation **** Evaluation **** Sub **** Fogape **** **** Financial
As of December 31, 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 loans
Commercial loans ) ) ) ) ) ) ) )
Chilean exports foreign trade loans ) ) ) ) ) ) )
Accrediting foreign trade loans negotiated in terms of Chilean imports ) ) )
Chilean imports foreign trade loans ) ) ) ) ) ) )
Foreign trade credits for operations with to third countries
Current account debtors ) ) ) ) ) ) )
Credit card debtors ) ) ) ) ) ) )
Factoring transactions ) ) ) ) ) ) )
Commercial lease transactions (1) ) ) ) ) ) ) ) )
Student loans ) ) ) )
Other loans and accounts receivable ) ) ) ) ) ) )
Subtotal ) ) ) ) ) ) ) )
Residential mortgage loans
Loans with letters of credit for mortgage ) ) ) )
Endorsable mortgage loans ) ) ) )
Loans with mutual funds financed by mortgage bonds
Other residential lending ) ) ) )
Residential lease transactions (1)
Other loans and accounts receivable ) ) ) )
Subtotal ) ) ) )
Consumer loans
Consumer loans in installments ) ) ) )
Current account debtors ) ) ) )
Credit card debtors ) ) ) )
Consumer lease transactions (1) ) ) )
Other loans and accounts receivable ) ) ) )
Subtotal ) ) ) )
Total ) ) ) ) ) ) ) )

All values are in US Dollars.

(1) In this item, the Bank finances its clients the acquisition of movable and immovable property through<br>financial lease agreements. As of December 31, 2024, Ch$992,848 million correspond to finance leases on real estate assets and Ch$998,496<br>million correspond to finance leases on movable property. 
72

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, 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<br> exposure before provisions Provisions<br> established
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
**** Normal<br> <br> Portfolio Substandard<br> <br> Portfolio Non-Complying<br> <br> Portfolio Normal<br> Portfolio **** Substandard<br> <br> Portfolio **** Non-Complying<br> <br> Portfolio **** **** Net exposure<br> for credit risk
Evaluation Evaluation Evaluation Evaluation Evaluation Evaluation of contingent
As of June 30, 2025 Individual Group Individual Individual Group Total Individual Group Individual Individual Group Total loans
MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh
Warranty<br> by endorsement and sureties ) ) )
Letters<br> of credit for goods circulation operations ) ) ) )
Commitments<br> to purchase local currency debt abroad
Contingent<br> event transactions ) ) ) ) ) )
Undrawn<br> credit lines with immediate termination ) ) ) ) ) )
Undrawn<br> credit lines
Other<br> irrevocable loan commitments ) )
Other<br> contingent loans
Total ) ) ) ) ) )

All values are in US Dollars.

Outstanding<br> exposure before provisions Provisions<br> established
**** Normal<br> <br> Portfolio Substandard<br> <br> Portfolio Non-Complying<br> <br> Portfolio Normal<br> Portfolio **** Substandard<br> <br> Portfolio **** Non-Complying<br> <br> Portfolio **** **** Net exposure<br> for credit risk
Evaluation Evaluation Evaluation Evaluation Evaluation Evaluation of contingent
As of December 31, 2024 Individual Group Individual Individual Group Total Individual Group Individual Individual Group Total loans
MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh
Warranty<br> by endorsement and sureties ) ) ) ) )
Letters of<br> credit for goods circulation operations ) ) )
Commitments<br> to purchase local currency debt abroad
Contingent<br> event transactions ) ) ) ) ) )
Undrawn credit<br> lines with immediate termination ) ) ) ) ) )
Undrawn credit<br> lines
Other irrevocable<br> loan commitments ) )
Other<br> contingent loans
Total ) ) ) ) ) )

All values are in US Dollars.

73

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, 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>Portfolio Substandard <br>Portfolio Non-Complying <br>Portfolio Total
MCh MCh MCh MCh
Loans and advances to Banks
Balance as of January 1, 2025
Allowances established/ released:
Change in measurement without portfolio reclassification during the period
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 credits originated
New credits for conversion of contingent to loan
New credits purchased
Sales or transfers of credits
Payment of credit ) )
Provisions for write-offs
Recovery of written-off loans
Foreign exchange differences ) )
Other changes in allowances
Balance as of June 30, 2025

All values are in US Dollars.

Changes in provisions constituted by portfolio in the year
Individual Evaluation
Normal <br>Portfolio Substandard <br>Portfolio Non-Complying <br>Portfolio Total
MCh MCh MCh MCh
Loans and advances to Banks
Balance as of January 1, 2024
Allowances established/ released:
Change in measurement without portfolio reclassification during the year
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 credits originated
New credits for conversion of contingent to loan
New credits purchased
Sales or transfers of credits
Payment of credit ) )
Provisions for write-offs
Recovery of written-off loans
Foreign exchange differences
Other changes in allowances
Balance as of December 31, 2024

All values are in US Dollars.

74

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, 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 Portfolio<br> Evaluation Substandard Portfolio Evaluation Non-Complying Portfolio<br> Evaluation Deductible Warranties FOGAPE
Individual Grupal Individual Individual Grupal Sub total Covid-19 Total
Commercial loans MCh MCh MCh MCh MCh MCh MCh MCh
Balance as of January 1, 2025
Provisions established/ released:
Change in measurement without portfolio reclassification during the period
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 ) ) )
Transfer from Normal group to Non-Complying group )
Transfer from Non-Complying group to Normal group ) ) )
Transfer from Individual (normal, substandard, non-complying) to Group (normal, non-complying)
Transfer from Group (normal, non-complying) to Individual (normal, substandard, non-complying) ) )
New credits originated
New credits for conversion of contingent to loan
New credits purchased
Sales or transfers of credits
Payment of credit ) ) ) ) ) ) )
Provisions for write-offs ) ) ) )
Recovery of written-off loans
Changes to models and assumptions
Foreign exchange differences ) ) ) ) ) ) )
Other changes in allowances ) )
Balance as of June 30, 2025

All values are in US Dollars.

75

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

13. Financial assets at amortized cost, continued:
(f) Provisions, continued:
Changes in provisions constituted by portfolio in the year
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Normal Portfolio Evaluation Substandard Portfolio<br> Evaluation Non-Complying Portfolio Evaluation Deductible Warranties FOGAPE
Individual Group Individual Individual Group Sub total Covid-19 Total
Commercial loans MCh MCh MCh MCh MCh MCh MCh MCh
Balance as of January 1, 2024
Provisions established/ released:
Change in measurement without portfolio reclassification during the year
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 ) ) )
Transfer from Normal group to Non-Complying group )
Transfer from Non-Complying group to Normal group ) ) )
Transfer from Individual (normal, substandard, non-complying) to Group (normal, non-complying)
Transfer from Group (normal, non-complying) to Individual (normal, substandard, non-complying) ) )
New credits originated
New credits for conversion of contingent to loan
New credits purchased
Sales or transfers of credits ) ) ) ) )
Payment of credit ) ) ) ) ) ) )
Provisions for write-offs ) ) ) )
Recovery of written-off loans
Changes to models and assumptions
Foreign exchange differences
Other changes in allowances ) )
Balance as of December 31, 2024

All values are in US Dollars.

76

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, 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 Portfolio Non-Complying Portfolio Total
Residential mortgage loans MCh MCh MCh
Balance as of January 1, 2025
Allowances established/ released:
Change in measurement without portfolio reclassification during the period
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 )
Transfer from Non-Complying group to Normal group ) )
New credits originated
New credits purchased
Sales or transfers of credits
Payment of credit ) ) )
Provisions for write-offs ) )
Recovery of written-off loans
Changes to models and assumptions
Foreign exchange differences
Other changes in allowances
Balance as of June 30, 2025

All values are in US Dollars.

Changes in provisions constituted by portfolio in the year
Group Evaluation
Normal Portfolio Non-Complying Portfolio Total
Residential mortgage loans MCh MCh MCh
Balance as of January 1, 2024
Allowances established/ released:
Change in measurement without portfolio reclassification during the year
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 )
Transfer from Non-Complying group to Normal group ) )
New credits originated
New credits purchased
Sales or transfers of credits
Payment of credit ) ) )
Provisions for write-offs ) )
Recovery of written-off loans
Changes to models and assumptions
Foreign exchange differences
Other changes in allowances
Balance as of December 31, 2024

All values are in US Dollars.

77

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, 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 Portfolio Non-Complying Portfolio Total
Consumer loans MCh MCh MCh
Balance as of January 1, 2025
Allowances established/ released:
Change in measurement without portfolio reclassification during the period
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 )
Transfer from Non-Complying group to Normal group ) )
New credits originated
New credits for conversion of contingent to loan
New credits purchased
Sales or transfers of credits
Payment of credit ) ) )
Provisions for write-offs ) )
Recovery of written-off loans
Changes to models and assumptions )
Foreign exchange differences ) ) )
Other changes in allowances
Balance as of June 30, 2025

All values are in US Dollars.

Changes in provisions constituted by portfolio in the year
Group Evaluation
Normal Portfolio Non-Complying Portfolio Total
Consumer loans MCh MCh MCh
Balance as of January 1, 2024
Allowances established/ released:
Change in measurement without portfolio reclassification during the year
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 )
Transfer from Non-Complying group to Normal group ) )
New credits originated
New credits for conversion of contingent to loan
New credits purchased
Sales or transfers of credits
Payment of credit ) ) )
Provisions for write-offs ) )
Recovery of written-off loans
Changes to models and assumptions
Foreign exchange differences
Other changes in allowances
Balance as of December 31, 2024

All values are in US Dollars.

78

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, 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 Portfolio<br> Evaluation Substandard Portfolio<br> Evaluation Non-Complying Portfolio Evaluation
Individual Group Individual Individual Group Total
Contingent loan exposure MCh MCh MCh MCh MCh MCh
Balance as of January 1, 2025
Provisions established/ released:
Change in measurement without portfolio reclassification during the period
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 ) )
Transfer from Normal group to Non-Complying group )
Transfer from Non-Complying group to Normal group ) )
Transfer from Individual (normal, substandard, non-complying) to Group (normal, non-complying )
Transfer from Group (normal, non-complying) to Individual (normal, substandard, non-complying) )
New contingent loan granted
Contingent credits for conversion ) ) ) ) )
Changes to models and assumptions
Foreign exchange differences ) ) ) ) ) )
Other changes in provisions ) ) ) ) ) )
Balance as of June 30, 2025

All values are in US Dollars.

Changes in provisions constituted by portfolio in the year
Normal Portfolio<br> Evaluation Substandard Portfolio<br> Evaluation Non-Complying Portfolio<br> Evaluation
Individual Group Individual Individual Group Total
Contingent loan exposure MCh MCh MCh MCh MCh MCh
Balance as of January 1, 2024
Provisions established/ released:
Change in measurement without portfolio reclassification during the year
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 ) )
Transfer from Normal group to Non-Complying group )
Transfer from Non-Complying group to Normal group ) )
Transfer from Individual (normal, substandard, non-complying) to Group (normal, non-complying )
Transfer from Group (normal, non-complying) to Individual (normal, substandard, non-complying) ) )
New contingent loan granted
Contingent credits for conversion ) ) ) ) ) )
Changes to models and assumptions
Foreign exchange differences
Other changes in provisions ) ) ) ) ) )
Balance as of December 31, 2024

All values are in US Dollars.

79

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, 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
June December June December June December June December June December June December
2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024
MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh
Loans and advances to Banks ) ) ) ) )
Commercial loans
Agriculture and livestock ) ) ) )
Fruit ) ) ) )
Forestry ) ) ) )
Fishing ) ) ) )
Mining ) ) ) )
Oil and natural gas ) ) ) )
Product manufacturing industries;
Foods, beverages and tobacco ) ) ) )
Textiles, leather goods and footwear ) ) ) )
Woods and furnitures ) ) ) )
Cellulose, Paper and printing ) ) ) )
Chemicals and petroleum products ) ) ) )
Metal, non-metal, machine or others ) ) ) )
Electricity, gas and water ) ) ) ) ) )
Residential construction ) ) ) )
Non-residential construction (office, civil engineering) ) ) ) )
Wholesale ) ) ) )
Retail, restaurants and hotels ) ) ) )
Transport and storage ) ) ) )
Communications ) ) ) )
Financial services ) ) ) )
Business services ) ) ) )
Real estate services ) ) ) ) ) )
Student loans ) ) ) )
Government administration, defence and police force ) ) ) )
Social services and other community services ) ) ) )
Personal services ) ) ) )
Subtotal ) ) ) ) ) )
Residential mortgage loans ) ) ) )
Consumer loans ) ) ) )
Contingent loan exposure ) ) ) )

All values are in US Dollars.

80

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, 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 June 30, 2025

Residential mortgage loans (MCh) Allowances established of Residential mortgage loans (MCh)
Days in default at the end of the period Days in default at the end of the period ****
Loan Tranche / Guarantee Value (%) 0 1 to 29 30 to 59 60 to 89 > = 90 Total 0 1 to 29 30 to 59 60 to 89 > = 90 Total
PVG <=40% 37,248 17,386 8,122 19,464 2,138,848 ) (509 ) (510 ) (289 ) (1,077 ) (4,053 )
40% < PVG <= 80% 230,780 105,506 49,831 164,284 10,309,680 ) (3,954 ) (3,548 ) (2,075 ) (9,815 ) (30,150 )
80% < PVG <= 90% 8,716 4,718 1,541 7,450 676,771 ) (267 ) (349 ) (154 ) (1,266 ) (3,489 )
PVG > 90% 2,053 117 66 2,803 594,462 ) (61 ) (4 ) (11 ) (622 ) (2,277 )
Total 278,797 127,727 59,560 194,001 13,719,761 ) (4,791 ) (4,411 ) (2,529 ) (12,780 ) (39,969 )

All values are in US Dollars.

As of December 31, 2024

Residential mortgage loans (MCh) Allowances established of Residential mortgage loans (MCh)
Days in default at the end of the year Days in default at the end of the year
Loan Tranche / Guarantee Value (%) 0 1 to 29 30 to 59 60 to 89 > = 90 Total 0 1 to 29 30 to 59 60 to 89 > = 90 Total
PVG <=40% 32,620 15,536 6,165 17,148 2,007,524 ) (480 ) (427 ) (226 ) (964 ) (3,501 )
40% < PVG <= 80% 232,095 106,604 46,471 147,162 10,099,327 ) (4,022 ) (3,335 ) (1,893 ) (8,749 ) (28,564 )
80% < PVG <= 90% 10,068 3,846 1,801 7,690 647,029 ) (352 ) (309 ) (184 ) (1,279 ) (3,774 )
PVG > 90% 1,442 442 591 4,462 464,706 ) (62 ) (37 ) (51 ) (979 ) (2,561 )
Total 276,225 126,428 55,028 176,462 13,218,586 ) (4,916 ) (4,108 ) (2,354 ) (11,971 ) (38,400 )

All values are in US Dollars.

81

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:
--- ---

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

Individual Group Provisions of deductible warranties
Normal Portfolio Substandard Portfolio Non-Complying Portfolio Portfolio Portfolio Non- Fogape
As of June 30, 2025 A1 A2 A3 A4 A5 A6 Subtotal B1 B2 B3 B4 Subtotal C1 C2 C3 C4 C5 C6 Subtotal Total Normal 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 and advances to Banks
Interbank loans for liquidity
Interbank commercial loans
Current accounts overdrafts
Chilean exports foreign trade loans
Chilean imports foreign trade loans
Foreign trade loans between third countries
Current account deposits in foreign banks for derivative operations
Other non-transferable deposits in banks
Other debts with banks
Subtotal
Allowances established
% Allowances established % % % % % %
Commercial loans
Commercial loans
Chilean exports foreign trade loans
Accrediting foreign trade loans negotiated in terms of Chilean imports
Chilean imports foreign trade loans
Foreign trade credits to third countries
Current account debtors
Credit card debtors
Factoring transactions
Commercial lease transactions
Student loans
Other loans and accounts receivable
Subtotal
Allowances established
% Allowances established % % % % % % % % % % % % % % % % % % % % % % %

All values are in US Dollars.

82

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<br>allowances established by classification category, continued:
--- ---
Individual Group Provisions of deductible warranties
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
**** Normal Portfolio Substandard Portfolio Non-Complying Portfolio Portfolio Portfolio Fogape
As of December 31, 2024 A1 A2 A3 A4 A5 A6 Subtotal B1 B2 B3 B4 Subtotal C1 C2 C3 C4 C5 C6 Subtotal Total 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 and advances to Banks
Interbank loans for liquidity
Interbank commercial loans
Current accounts overdrafts
Chilean exports foreign trade loans
Chilean imports foreign trade loans
Foreign trade loans between third countries
Current account deposits in foreign banks for derivative operations
Other non-transferable deposits in banks
Other debts with banks
Subtotal
Allowances established
% Allowances established % % % % % %
Commercial loans
Commercial loans
Chilean exports foreign trade loans
Accrediting foreign trade loans negotiated in terms of Chilean imports
Chilean imports foreign trade loans
Foreign trade credits to third countries
Current account debtors
Credit card debtors
Factoring transactions
Commercial lease transactions
Student loans
Other loans and accounts receivable
Subtotal
Allowances established
% Allowances established % % % % % % % % % % % % % % % % % % % % % % % %

All values are in US Dollars.

83

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<br>days past-due:
--- ---

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

Financial assets before allowances Allowances established
Normal Portfolio Substandard<br> Portfolio Non-Complying<br> Portfolio Normal Portfolio Substandard<br> Portfolio Non-Complying<br> Portfolio Deductible Warranties Net
Evaluation Evaluation Evaluation Evaluation Evaluation Evaluation FOGAPE Financial
Individual Group Individual Individual Group Sub Total Individual Group Individual Individual Group Sub Total Covid-19 Total Assets
As of June 30, 2025 MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh
Loans and advances to Banks
0 days ) ) )
1 to 29 days ) ) )
30 to 59 days
60 to 89 days
>  = 90 days
Subtotal ) ) )
Commercial loans
0 days ) ) ) ) ) ) ) )
1 to 29 days ) ) ) ) ) ) ) )
30 to 59 days ) ) ) ) ) ) ) )
60 to 89 days ) ) ) ) ) ) )
>  = 90 days ) ) ) ) )
Subtotal ) ) ) ) ) ) ) )
Residential mortgage loans
0 days ) ) ) )
1 to 29 days ) ) ) )
30 to 59 days ) ) ) )
60 to 89 days ) ) ) )
>  = 90 days ) ) )
Subtotal ) ) ) )
Consumer loans
0 days ) ) ) )
1 to 29 days ) ) ) )
30 to 59 days ) ) ) )
60 a 89 days ) ) ) )
>  = 90 days ) ) )
Subtotal ) ) ) )
Total Loans ) ) ) ) ) ) ) )

All values are in US Dollars.

84

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 assets before allowances Allowances established
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Normal Portfolio Substandard<br> Portfolio Non-Complying<br> Portfolio Normal Portfolio Substandard<br> Portfolio Non-Complying<br> Portfolio Deductible Warranties Net
Evaluation Evaluation Evaluation Evaluation Evaluation Evaluation FOGAPE Financial
Individual Group Individual Individual Group Sub Total Individual Group Individual Individual Group Sub Total Covid-19 Total Assets
As of December 31, 2024 MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh
Loans and advances to Banks
0 days ) ) )
1 to 29 days ) ) )
30 to 59 days
60 to 89 days
>  = 90 days
Subtotal ) ) )
Commercial loans
0 days ) ) ) ) ) ) ) )
1 to 29 days ) ) ) ) ) ) ) )
30 to 59 days ) ) ) ) ) ) )
60 to 89 days ) ) ) ) ) ) ) )
>  = 90 days ) ) ) ) )
Subtotal ) ) ) ) ) ) ) )
Residential mortgage loans
0 days ) ) ) )
1 to 29 days ) ) ) )
30 to 59 days ) ) ) )
60 to 89 days ) ) ) )
>  = 90 days ) ) )
Subtotal ) ) ) )
Consumer loans
0 days ) ) ) )
1 to 29 days ) ) ) )
30 to 59 days ) ) ) )
60 a 89 days ) ) ) )
>  = 90 days ) ) )
Subtotal ) ) ) )
Total Loans ) ) ) ) ) ) ) )

All values are in US Dollars.

85

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 (*)
June December June December June December
2025 2024 2025 2024 2025 2024
MCh MCh MCh MCh MCh MCh
Within one year ) )
From 1 to 2 years ) )
From 2 to 3 years ) )
From 3 to 4 years ) )
From 4 to 5 years ) )
After 5 years ) )
Total ) )

All values are in US Dollars.

(*) The net balance receivable does not include past-due portfolio totaling Ch$7,496 million as of June 30,<br>2025 (Ch$9,212 million in December 2024).

The Bank maintains financial lease operations associated with movable assets, vehicles, industrial machinery, transportation equipment and real estate. These leases contracts have an average term between 2 and 15 years.

(l) Purchase of loan portfolio:

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

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

As of June 30, 2025, there were no sales or transfers of loans from the loan portfolio.

During the period 2024, the following sale were made:

June 2024
Carrying<br> amount Allowances Sale price Effect on income (loss) gain
MM MM MM MM
Sale of current loans
Sale of written – off loans
Total

All values are in US Dollars.

(n) Securitization of own assets:

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

86

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$80,478 million as of June 30, 2025 (Ch$76,769 million as of December 31, 2024), as follows:
--- ---
% Ownership Interest Assets
--- --- --- --- --- --- --- ---
June December June December
2025 2024 2025 2024
Company Shareholder % % MCh MCh
Associates
Transbank S.A. Banco de Chile 26.16 26.16
Redbanc S.A. Banco de Chile 38.13 38.13
Centro de Compensación Automatizado S.A. Banco de Chile 33.33 33.33
Sociedad Interbancaria de Depósitos de Valores S.A. Banco de Chile 26.81 26.81
Servicios de Infraestructura de Mercado OTC S.A. Banco de Chile 12.33 12.33
Administrador Financiero de Transantiago S.A. Banco de Chile 20.00 20.00
Sociedad Operadora de la Cámara de Compensación de Pagos de Alto Valor S.A. Banco de Chile 15.00 15.00
Subtotal Associates
Joint Venture
Servipag Ltda. Banco de Chile 50.00 50.00
Subtotal Joint Venture
Subtotal
Minority Investments
Holding Bursátil Regional S.A. ^(1)^ Banchile Corredores de Bolsa
Banco Latinoamericano de Comercio Exterior S.A.<br><br> (Bladex) ^(1)^ Banco de Chile
Bolsa Electrónica de Chile, Bolsa de Valores ^(1)^ Banchile Corredores de Bolsa
Sociedad de Telecomunicaciones Financieras Interbancarias Mundiales (Swift) Banco de Chile
CCLV Contraparte Central S.A. Banchile Corredores de Bolsa
Subtotal Minority Investments
Total

All values are in US Dollars.

(1) Investments in shares have been irrevocably designated as at<br>fair value through other comprehensive income and, therefore, are recorded at market value in accordance with IFRS 9.
(b) The change of investments in companies registered under the equity method in the period of 2025 and 2024,<br>are as follows:
--- ---
June June
--- --- --- --- ---
2025 2024
MCh MCh
Balance as of January 1,
Acquisition of investments in companies
Participation on income in companies with significant influence and joint control
Dividends received ) )
Others )
Total

All values are in US Dollars.

(c) During the period ended as of June 30, 2025 and 2024 no impairment has incurred in these investments. 
87

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 Venture
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Centro de<br> Compensación <br>Automatizado<br> S.A. Sociedad Operadora de la Cámara de Compensación de Pagos de Alto Valor S.A. Sociedad<br> Interbancaria de Depósito de Valores S.A. Redbanc <br> S.A. Transbank<br> S.A. Administrador<br> Financiero de Transantiago S.A. Servicios de Infraestructura de<br> Mercado OTC S.A. Servipag Ltda.
June 2025 MCh MCh MCh MCh MCh MCh MCh MCh
Current assets
Non-current assets
Total Assets
Current liabilities
Non-current liabilities
Total Liabilities
Equity
Minority interest
Total Liabilities and Equity
Operating income
Operating expenses ) ) ) ) ) ) ) )
Other expenses or income )
Gain (loss) before tax
Income tax ) ) ) ) ) ) )
Gain for the period

All values are in US Dollars.

Associates Joint Venture
Centro de<br> Compensación<br> Automatizado<br> S.A. Sociedad Operadora <br>de la Cámara de<br> Compensación de <br>Pagos de Alto Valor<br> S.A. Sociedad<br> Interbancaria de <br>Depósito de Valores<br> S.A. Redbanc <br> S.A. Transbank<br> S.A. Administrador <br>Financiero de <br>Transantiago S.A. Servicios de <br>Infraestructura de <br>Mercado OTC S.A. Servipag Ltda.
December 2024 MCh MCh MCh MCh MCh MCh MCh MCh
Current assets
Non-current assets
Total Assets
Current liabilities
Non-current liabilities
Total Liabilities
Equity
Minority interest
Total Liabilities and Equity
Operating income
Operating expenses ) ) ) ) ) ) ) )
Other expenses or income )
Gain (loss) before tax
Income tax ) ) ) ) ) ) )
Gain for the year

All values are in US Dollars.

88

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

15. Intangible Assets:
(a) The composition of intangible assets as of June 30, 2025 and December<br>31, 2024, are as follows:
--- ---
Average useful Life Average remaining amortization Gross balance Accumulated Amortization Net balance
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
June December June December June December June December June December
2025 2024 2025 2024 2025 2024 2025 2024 2025 2024
Years Years Years Years MCh MCh MCh MCh MCh MCh
Other independently originated intangible assets 6 6 4 4 ) )
Total ) )

All values are in US Dollars.

(b) The change of intangible assets during the period ended as of June 30, 2025 and December 31, 2024, are<br>as follows:
June December
--- --- --- --- ---
2025 2024
MCh MCh
Gross Balance
Balance as of January 1,
Acquisition
Disposals/write-downs ) )
Reclassification )
Impairment (*)
Total
Accumulated Amortization
Balance as of January 1, ) )
Amortization for the period (**) ) )
Disposals/write-downs
Impairment (*)
Total ) )
Balance Net

All values are in US Dollars.

(*) See Note No. 40 Impairment of non-financial assets.
(**) See Note No. 39 Depreciation and Amortization.
--- ---
(c) As of June 30, 2025, the Bank maintains Ch$11,712 million (Ch$13,889 million as of December 31, 2024)<br>of assets associated with technological developments in progress.
--- ---
(d) As of June 30, 2025 and December 31,<br>2024, there are no restrictions on the intangible assets of the Bank. Furthermore, there are no intangible assets held as collateral for<br>the fulfillment of obligations.
--- --- 
89

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

16. Property and equipment:
a. The properties and equipment as of June 30, 2025 and December 31, 2024 are composed as follows:
--- ---
Average useful Life Average remaining<br><br> depreciation Gross balance Accumulated Depreciation Net balance
--- --- --- --- --- --- --- --- --- --- --- --- ---
June December June December June December June December June December
2025 2024 2025 2024 2025 2024 2025 2024 2025 2024
Years Years Years Years MCh MCh MCh MCh MCh MCh
Type of property and equipment:
Land and Buildings 25 26 17 18 ) )
Equipment 5 5 3 3 ) )
Others 7 7 4 4 ) )
Total ) )

All values are in US Dollars.

(b) The changes in properties and equipment as of June 30, 2025 and December 31, 2024, are as follows:
June 2025
--- --- --- --- --- --- --- --- ---
Land and Buildings Equipment Others Total
MCh MCh MCh MCh
Gross Balance
Balance as of January 1, 2025
Reclassification ) ) )
Additions
Write-downs and sales of the period ) ) ) )
Impairment (**) ) ) )
Total
Accumulated Depreciation
Balance as of January 1, 2025 ) ) ) )
Reclassification )
Depreciation of the period (*) ) ) ) )
Write-downs and sales of the period
Total ) ) ) )
Balance as of June 30, 2025

All values are in US Dollars.

December 2024
Land and Buildings Equipment Others Total
MCh MCh MCh MCh
Gross Balance
Balance as of January 1, 2024
Additions
Write-downs and sales of the year ) ) ) )
Impairment (***) ) )
Total
Accumulated Depreciation
Balance as of January 1, 2024 ) ) ) )
Depreciation of the year ) ) ) )
Write-downs and sales of the year
Total ) ) ) )
Balance as of December 31, 2024

All values are in US Dollars.

(*) 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 Ch$1,119 million as of December 31, 2024.
--- --- 
90

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

16. Property and equipment, continued:
(c) As of June 30, 2025, the Bank records Ch$9,127 million (Ch$5,510 million as of December 31, 2024) in assets<br>under construction.
--- ---
(d) As of June 30, 2025 and December 31, 2024, there are no restrictions on the properties and equipment of<br>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 June 30, 2025 and December 31, 2024, is as follows:
Gross Balance Accumulated Depreciation Net Balance
--- --- --- --- --- --- --- --- ---
June December June December June December
2025 2024 2025 2024 2025 2024
MCh MCh MCh MCh MCh MCh
Categories
Buildings ) )
Floor space for ATMs ) )
Improvements to leased properties ) )
Total ) )

All values are in US Dollars.

(b) The changes of the rights over leased assets as of June 30, 2025 and December 31, 2024, is as follows:
June 2025
--- --- --- --- --- --- --- --- ---
Buildings Floor space for<br> ATMs Improvements<br> to leased<br> properties Total
MCh MCh MCh MCh
Gross Balance
Balance as of January 1, 2025
Additions
Write-downs ) ) ) )
Remeasurement ) )
Other incremental
Total
Accumulated Depreciation
Balance as of January 1, 2025 ) ) ) )
Depreciation of the period (*) ) ) ) )
Write-downs
Other incremental ) )
Total ) ) ) )
Balance as of June 30, 2025

All values are in US Dollars.

(*) See Note No. 39 Depreciation and Amortization. 
91

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

17. Right-of-use assets and Lease liabilities, continued:
December 2024
Buildings Floor space for<br> ATMs Improvements<br> to leased<br> properties Total
MCh MCh MCh MCh
Gross Balance
Balance as of January 1, 2024
Additions
Write-downs ) ) ) )
Remeasurement ) ) )
Other incremental
Total
Accumulated Depreciation
Balance as of January 1, 2024 ) ) ) )
Depreciation of the year ) ) ) )
Write-downs
Other incremental ) )
Total ) ) ) )
Balance as of December 31, 2024

All values are in US Dollars.

(c) Below are the future maturities (including unearned interest) of the lease liabilities as of June 30,<br>2025 and December 31, 2024:
June 2025
--- --- --- --- --- --- --- --- ---
Demand Up to 1<br> month Over 1<br> month<br> and <br>up to 3<br> months Over 3<br> months <br>and <br>up to 12<br> months Over 1<br> year<br> and <br>up to 3<br> years Over 3<br> years<br> and <br>up to 5<br> years Over 5<br> years Total
Lease associated to: MCh MCh MCh MCh MCh MCh MCh MCh
Buildings
ATMs
Total

All values are in US Dollars.

December 2024
Demand Up to 1<br> month Over 1<br> month <br>and <br>up to 3<br> months Over 3<br> months <br>and <br>up to 12<br> months Over 1<br> year<br> and<br> up to 3<br> years Over 3<br> years <br>and <br>up to 5 <br>years Over 5<br> years Total
Lease associated to: MCh MCh MCh MCh MCh MCh MCh MCh
Buildings
ATMs
Total

All values are in US Dollars.

92

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 2025 and 2024 are as<br>follows:
Total cash flow <br>for the period
--- --- ---
Lease liability MCh
Balances as of January 1, 2024
Liabilities for new lease agreements
Interest accrued expenses
Payments of capital and interests )
Remeasurement )
Derecognized contracts )
Readjustments
Balances as of June 30, 2024
Liabilities for new lease agreements
Interest accrued expenses
Payments of capital and interests )
Remeasurement
Derecognized contracts )
Readjustments
Balances as of December 31, 2024
Liabilities for new lease agreements
Interest accrued expenses
Payments of capital and interests )
Remeasurement )
Derecognized contracts
Readjustments
Balances as of June 30, 2025

All values are in US Dollars.

(e) The future cash flows related to short-term lease agreements in effect as of June 30, 2025 correspond<br>to Ch$2,734 million (Ch$3,557 million as of December 31, 2024).
(f) As of June 30, 2025, the minimum future rental income to be received from operating leases amounts to<br>Ch$23,230 million (Ch$14,101 million as of December 31, 2024).
--- --- 
93

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, 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 Interim Statement of Financial Position net of taxes to be recovered or payable, as applicable, as of June 30, 2025 and December 31, 2024 according to the following detail:

June December
2025 2024
MCh MCh
Income tax ) )
Tax Previous year
Less:
Monthly prepaid taxes
Credit for training expenses
Others
Total Tax Refundable (net) )
Tax rate % %

All values are in US Dollars.

June December
2025 2024
MCh MCh
Current tax assets
Current tax liabilities ) )
Total tax receivable (payable), net )

All values are in US Dollars.

(b) Income Tax:

The effect of the tax expense during the periods between January 1 and June 30, 2025 and 2024, are broken down as follows:

June June
2025 2024
MCh MCh
Income tax expense:
Current year tax
Tax Previous year ) )
Subtotal
(Credit) Debit for deferred taxes:
Origin (reversal) of temporary differences )
Subtotal )
Others )
Net charge to income for income taxes

All values are in US Dollars.

94

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, 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 June 30, 2025 and 2024:

June 2025 June 2024
Tax rate Tax rate
% MCh % MCh
Income tax calculated on net income before tax 27.00 27.00
Additions or deductions (1.22 ) ) (1.33 ) )
Price-level restatement (5.65 ) ) (4.55 ) )
Others (0.02 ) ) (0.11 ) )
Effective rate and income tax expense 20.11 21.01

All values are in US Dollars.

(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 June 30, 2025:

. Effect on
Balances as of<br> December 31, 2024 Income Equity Balances as of <br>June 30,<br> 2025
MCh MCh MCh MCh
Debit Differences:
Allowances for loan losses )
Personnel provision )
Provision of undrawn credit lines
Staff vacations provisions )
Accrued interests adjustments from impaired loans
Staff severance indemnities provision )
Provision of credit cards expenses )
Provision of accrued expenses )
Adjustment for valuation of investments and equity instruments at fair value through other comprehensive income )
Leasing
Incomes received in advance )
Exchange rate difference
Property and equipment valuation difference
Other adjustments
Total Debit Differences )
Credit Differences:
Intangible (software and others)
Adjustment for valuation of investments and equity instruments at fair value through other comprehensive income
Transitory assets
Loans accrued to effective rate )
Prepaid expenses )
Exchange rate difference
Activated bond placement expense )
Other adjustments )
Total Credit Differences
Total, Net )

All values are in US Dollars.

95

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

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

Reconciliation to Interim Statement of Financial Position:

June December
2025 2024
MCh MCh
Deferred tax assets
Deferred tax liabilities ) )
Total deferred taxes

All values are in US Dollars.

Below are the debtor and creditor differences as of December 31, 2024:

Effect on
Balances as of<br> December 31, 2023 Income Equity Balances as of<br> December 31, 2024
MCh MCh MCh MCh
Debit Differences:
Allowances for loan losses
Personnel provision
Provision of undrawn credit lines
Staff vacations provisions )
Accrued interests adjustments from impaired loans
Staff severance indemnities provision ) )
Provision of credit cards expenses
Provision of accrued expenses )
Adjustment for valuation of investments and equity instruments at fair value through other comprehensive income
Leasing
Incomes received in advance )
Exchange rate difference
Property and equipment valuation difference
Other adjustments )
Total Debit Differences
Credit Differences:
Intangible (software and others)
Adjustment for valuation of investments and equity instruments at fair value through other comprehensive income
Transitory assets
Loans accrued to effective rate )
Prepaid expenses )
Exchange rate difference )
Activated bond placement expense )
Other adjustments )
Total Credit Differences
Total, Net

All values are in US Dollars.

96

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, 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 June 30, 2025 Book value assets (*) Tax value assets Past-due loans with guarantees Past-due loans without guarantees Total Past-due loans
MCh MCh MCh MCh MCh
Loans and advance to banks
Commercial loans
Consumer loans
Residential mortgage loans
Total

All values are in US Dollars.

Tax value assets
(e.1) Loans and advance to banks and Loans to customers as of December 31, 2024 Book value assets (*) Tax value assets Past-due loans with guarantees Past-due loans without guarantees Total Past-due loans
MCh MCh MCh MCh MCh
Loans and advance to banks
Commercial loans
Consumer loans
Residential mortgage loans
Total

All values are in US Dollars.

(*) In accordance with the mentioned Circular and instructions from the SII, the value of Financial Statement<br>assets, are presented on an individual basis (only Banco de Chile) net of allowance for loan losses and do not include lease and factoring<br>operations. 
97

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

18. Taxes, continued:
(e.2)  Provisions on past-due loans Balance as of <br>January 1,<br> 2025 Charge-offs<br> against<br> provisions Provisions<br> established Provisions<br> released Balance as of <br>June 30,<br> 2025
--- --- --- --- --- --- --- ---
MCh MCh MCh MCh MCh
Commercial loans ) )
Consumer loans ) )
Residential mortgage loans ) )
Total ) )

All values are in US Dollars.

(e.2)  Provisions on past-due loans Balance as of <br>January 1,<br> 2024 Charge-offs<br> against<br> provisions Provisions<br> established Provisions<br> released Balance as of <br>December 31,<br> 2024
MCh MCh MCh MCh MCh
Commercial loans ) )
Consumer loans ) )
Residential mortgage loans ) )
Total ) )

All values are in US Dollars.

June December
(e.3)  Charge-offs and recoveries 2025 2024
MCh MCh
Charge-offs Art. 31 No. 4 second subparagraph
Write-offs resulting in provisions released
Recovery or renegotiation of written-off loans

All values are in US Dollars.

June December
(e.4)  Application of Art. 31 No. 4 first & third subsections of the income tax law 2025 2024
MCh MCh
Charge-offs in accordance with first subsection
Write-offs in accordance with third subsection

All values are in US Dollars.

98

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

19. Other Assets:

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

June December
2025 2024
MCh MCh
Accounts receivable from the General Treasury of the Republic and other fiscal organizations
Debtors from brokerage of financial instruments
Cash collateral provided for derivative financial transactions
Accounts receivable from third parties
Assets to be leased out as lessor (*)
Prepaid expenses
Other provided cash collateral
Income from regular activities from contracts with customers
Investment properties
Pending transactions
Accumulated impairment in respect of other assets receivable ) )
Other Assets
Total

All values are in US Dollars.

(*) Correspond to fixed assets to be delivered under the financial<br>lease modality. 
99

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

20. Non-current assets and disposal groups held for sale and Liabilities<br>included in disposal groups for sale:
(a) At the end of each period, the item is composed as follows:
--- ---
June December
--- --- --- --- ---
2025 2024
MCh MCh
Assets received in lieu of payment or awarded at judicial sale (*)
Assets awarded at judicial sale
Assets received in lieu of payment
Provision for assets received in lieu of payment or awarded ) )
Non-current assets for sale
Investments in other companies
Assets for recovery of assets transferred in financial leasing operations
Disposal groups held for sale
Total

All values are in US Dollars.

(*) 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.
(b) The changes of the provision for assets received in lieu of<br>payment during the period 2025 and 2024 are as follows:
--- ---
Provision for assets received in lieu of payment MCh
--- --- ---
Balance as of January 1, 2024
Provisions used )
Provisions established
Provisions released
Balance as of June 30, 2024
Provisions used )
Provisions established
Provisions released
Balance as of December 31, 2024
Provisions used )
Provisions established
Provisions released
Balance as of June 30, 2025

All values are in US Dollars.

(c) The Bank does not present liabilities classified in the disposal<br>group for sale during the periods June 2025 and December 2024. 
100

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

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

The item detail is as follows:

June December
2025 2024
MCh MCh
Financial derivative contracts
Other financial instruments
Total

All values are in US Dollars.

a) As of June 30, 2025 and December 31, 2024, the Bank maintains the following debt portfolio of derivative<br>instruments:
Notional amount of contract with final expiration date in
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Demand Up to 1 month Over 1 month and up to 3 months Over 3 months and up to 12 months Over 1 year and up to 3 years Over 3 year and up to 5 years Over 5 years Total Fair value Liabilities
June December June December June December June December June December June December June December June December June December
2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024
MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh
Currency forward
Interest rate swap
Interest rate swap and cross currency swap
Call currency options
Put currency options
Total

All values are in US Dollars.

b) Other instruments or financial liabilities:
June December
--- --- ---
2025 2024
MCh MCh
Current accounts and other demand deposits
Savings accounts and other time deposits
Debt instruments issued
Others
Total

All values are in US Dollars.

101

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

22. Financial liabilities at amortized cost:

The item detail is as follows:

June December
2025 2024
MCh MCh
Current accounts and other demand deposits
Saving accounts and time deposits
Obligations by repurchase agreements and securities lending
Borrowings from financial institutions
Debt financial instruments issued
Other financial obligations
Total

All values are in US Dollars.

(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:

June December
2025 2024
MCh MCh
Current accounts
Other demand obligations
Demand deposits accounts
Other demand deposits
Total

All values are in US Dollars.

(b) Saving accounts and time deposits:

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

June December
2025 2024
MCh MCh
Time deposits
Term savings accounts
Other term balances payable
Total

All values are in US Dollars.

102

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, 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 June 30, 2025 and December 31, 2024, the repurchase agreements are the following:

June December
2025 2024
MCh MCh
Transaction with domestic banks
Transaction with foreign banks
Transaction with other domestic entities
Repurchase agreements
Transaction with other foreign entities
Total

All values are in US Dollars.

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 June 30, 2025 amounts to Ch$127,773 million (Ch$109,505 million in December 2024). In the event that the Bank and its subsidiaries enter into default or bankruptcy, the counterparty is authorized to sell or deliver these investments as collateral.

(d) Borrowings from Financial Institutions:

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

June December
2025 2024
MCh MCh
Foreign banks
Foreign trade financing
Bank of America
HSBC Bank
Caixabank S.A.
Bank of New York Mellon
Citibank N.A. United States
JP Morgan Chase Bank
Zurcher Kantonalbank
Standard Chartered Bank
Commerzbank AG
Wells Fargo Bank
DZ Bank AG Deutsche
MUFG Bank, LTD
Borrowings and other obligations
Wells Fargo Bank
Citibank N.A. United States
Citibank N.A. United Kingdom
Deutsche Bank Trust Company Americas
Subtotal foreign banks
Chilean Central Bank (*)
Total

All values are in US Dollars.

103

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:

June December
2025 2024
MCh MCh
Letters of credit
Letters of credit for housing
Letters of credit for general purposes
Bonds
Current Bonds
Mortgage bonds
Total

All values are in US Dollars.

During the period ended June 30, 2025 Banco de Chile has placed bonds for Ch$1,106,388 million, which corresponds to Short-Term Bonds and Long-Term Bonds for amounts of Ch$490,380 and Ch$616,008 million respectively, according to the following details:

Short-term Bonds

Counterparty Currency Annual <br><br>interest rate <br><br>% Issued date Maturity date
Wells Fargo Bank 4.68 01/27/2025 05/02/2025
Wells Fargo Bank 4.65 01/27/2025 08/01/2025
Wells Fargo Bank 4.55 03/07/2025 04/07/2025
Wells Fargo Bank 4.45 03/07/2025 09/05/2025
Wells Fargo Bank 4.60 06/25/2025 10/01/2025
Wells Fargo Bank 4.55 06/26/2025 07/31/2025
Wells Fargo Bank 4.55 06/26/2025 11/03/2025
Total

All values are in US Dollars.

104

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

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

Long-Term Bonds

Serie Currency Terms<br> <br>Years Annual <br><br>interest rate <br><br>% Issued<br> <br>date Maturity date
BCHIFC0721 UF 5 2.97 03/17/2025 01/01/2030
BCHIFC0721 UF 5 2.97 03/20/2025 01/01/2030
BCHIFC0721 UF 5 2.97 03/21/2025 01/01/2030
BCHIFC0721 UF 5 2.96 04/01/2025 01/01/2030
BCHIFO0721 UF 7 2.92 04/03/2025 01/01/2032
BCHIFH1221 UF 6 2.84 04/15/2025 12/01/2030
BCHIGG1121 UF 10 3.03 04/17/2025 05/01/2035
BCHIHD0424 UF 10 3.03 04/17/2025 10/01/2034
BCHIFH1221 UF 6 2.92 05/07/2025 12/01/2030
BCHIGG1121 UF 10 3.03 05/09/2025 05/01/2035
BCHIHN1223 UF 15 3.06 05/09/2025 12/01/2039
BCHIFH1221 UF 6 3.06 05/30/2025 12/01/2030
BCHIFA0222 UF 3 2.77 05/30/2025 08/01/2028
BCHIFH1221 UF 6 3.06 06/02/2025 12/01/2030
BCHIFH1221 UF 6 3.05 06/02/2025 12/01/2030
BCHIFH1221 UF 6 3.04 06/03/2025 12/01/2030
BCHIFH1221 UF 6 3.04 06/06/2025 12/01/2030
BCHIFO0721 UF 7 3.06 06/10/2025 01/01/2032
BCHIFH1221 UF 6 3.04 06/10/2025 12/01/2030
Subtotal
BONO CHF CHF 6 1.1875 06/17/2025 07/15/2031
BONO JPY 5 1.635 06/18/2025 06/27/2030
Subtotal other currencies
Total

All values are in Japanese Yen.

105

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

22. Financial liabilities at amortized cost, continued:

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

Short-term Bonds

Counterparty Currency Annual<br><br> interest rate<br><br> % Issued<br> <br>date Maturity date
Wells Fargo Bank 5.46 05/07/2024 08/07/2024
Total

All values are in US Dollars.

Long-Term Bonds

Serie Currency Amount<br>MCh Terms<br> <br>Years Annual <br><br>interest rate <br><br>% Issued<br> <br>date Maturity date
BCHIEZ1121 UF 4 3.72 01/15/2024 05/01/2028
BCHIEZ1121 UF 4 3.72 01/16/2024 05/01/2028
BCHICE1215 UF 7 3.20 01/31/2024 12/01/2031
BCHICH1215 UF 8 3.15 02/08/2024 12/01/2032
BCHIFA0222 UF 4 3.25 03/15/2024 08/01/2028
BCHIFA0222 UF 4 3.32 03/21/2024 08/01/2028
BCHIEY1021 UF 4 3.29 03/22/2024 04/01/2028
BCHIFA0222 UF 4 3.29 03/25/2024 08/01/2028
BCHIGG1121 UF 11 3.35 03/26/2024 05/01/2035
BCHIFA0222 UF 4 3.24 03/27/2024 08/01/2028
BCHIEY1021 UF 4 3.28 04/04/2024 04/01/2028
BCHIEX0122 UF 1 3.10 04/12/2024 07/01/2025
BCHIEX0122 UF 1 3.02 04/17/2024 07/01/2025
BCHIHX1223 UF 20 3.49 05/08/2024 12/01/2044
BCHIHX1223 UF 20 3.49 05/09/2024 12/01/2044
BCHIHX1223 UF 20 3.46 05/17/2024 12/01/2044
BCHIHX1223 UF 20 3.46 05/22/2024 12/01/2044
BCHIHX1223 UF 20 3.55 06/04/2024 12/01/2044
BCHIFO0721 UF 8 3.48 06/06/2024 01/01/2032
BCHIEY1021 UF 4 3.20 06/10/2024 04/01/2028
BCHIGG1121 UF 11 3.53 06/11/2024 05/01/2035
BCHIFB1021 UF 5 3.35 06/12/2024 04/01/2029
BCHIEY1021 UF 4 3.29 07/09/2024 04/01/2028
BCHIFB1021 UF 5 3.50 07/09/2024 04/01/2029
BCHIFB1021 UF 5 3.49 07/09/2024 04/01/2029
BCHIFB1021 UF 5 3.45 07/10/2024 04/01/2029
BCHIFC0721 UF 6 3.47 07/11/2024 01/01/2030
BCHIFC0721 UF 6 3.43 07/12/2024 01/01/2030
BCHIHX1223 UF 20 3.50 07/18/2024 12/01/2044
BCHIFB1021 UF 5 3.23 07/23/2024 04/01/2029
BCHIFA0222 UF 4 3.04 07/24/2024 08/01/2028
BCHIFO0721 UF 8 2.50 09/27/2024 01/01/2032
BCHIHX1223 UF 20 2.36 09/30/2024 12/01/2044
BCHIHP1223 UF 16 2.37 10/01/2024 12/01/2040
Subtotal
BONO HKD HKD 10 4.22 02/02/2024 02/09/2034
Subtotal other currencies
Total

All values are in US Dollars.

106

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

22. Financial liabilities at amortized cost, continued:

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

(f) Other Financial Obligations:

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

June December
2025 2024
MCh MCh
Other Chilean financial obligations
Other financial obligations with the Public sector
Total

All values are in US Dollars.

23. Financial instruments of regulatory capital issued:
a) At the end of each period, this item is composed as follows:
--- ---
June December
--- --- ---
2025 2024
MCh MCh
Subordinated bonds
Subordinated bonds with transitory recognition
Subordinated bonds
Bonds with no fixed term of maturity
Preferred stock
Total

All values are in US Dollars.

b) Issuances of regulatory capital financial instruments in the<br>period:

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

107

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

23. Financial instruments of regulatory capital issued, continued:
c) Changes in regulatory capital financial instruments:
--- ---
Subordinated bonds Bonds with no maturity Preferred shares
--- --- --- --- ---
MCh MCh MCh
Balance as of January 1, 2024
Emissions made
Transaction costs
Transaction costs amortization
Accrued interest
Acquisition or redemption by the issuer
Modification of the issuance conditions
Interest and UF indexation payments to the holder )
Principal payments to the holder )
Accrued UF indexation
Exchange rate differences
Depreciation
Reappraisal
Expiration
Conversion to common shares
Balance as of December 31, 2024
Balance as of January 1, 2025
Emissions made
Transaction costs
Transaction costs amortization
Accrued interest
Acquisition or redemption by the issuer
Modification of the issuance conditions
Interest and UF indexation payments to the holder )
Principal payments to the holder )
Accrued UF indexation
Exchange rate differences
Depreciation
Reappraisal
Expiration
Conversion to common shares
Balance as of June 30, 2025

All values are in US Dollars.

108

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 June<br>30, 2025 and December 31, 2024:
--- ---
June 2025
--- --- --- --- --- --- --- --- ---
Serie Currency Issuance <br> currency<br> amount Interest rate % Registration<br> date Maturity date Balance due MCh
C1 UF 300,000 7.5 12/06/1999 01/01/2030
C1 UF 200,000 7.4 12/06/1999 01/01/2030
C1 UF 530,000 7.1 12/06/1999 01/01/2030
C1 UF 300,000 7.1 12/06/1999 01/01/2030
C1 UF 50,000 6.5 12/06/1999 01/01/2030
C1 UF 450,000 6.6 12/06/1999 01/01/2030
D1 UF 2,000,000 3.6 06/20/2002 04/01/2026
F UF 1,000,000 5.0 11/28/2008 11/01/2033
F UF 1,500,000 5.0 11/28/2008 11/01/2033
F UF 759,000 4.5 11/28/2008 11/01/2033
F UF 241,000 4.5 11/28/2008 11/01/2033
F UF 4,130,000 4.2 11/28/2008 11/01/2033
F UF 1,000,000 4.3 11/28/2008 11/01/2033
F UF 70,000 4.2 11/28/2008 11/01/2033
F UF 4,000,000 3.9 11/28/2008 11/01/2033
F UF 2,300,000 3.8 11/28/2008 11/01/2033
G UF 600,000 4.0 11/29/2011 11/01/2036
G UF 50,000 4.0 11/29/2011 11/01/2036
G UF 80,000 3.9 11/29/2011 11/01/2036
G UF 450,000 3.9 11/29/2011 11/01/2036
G UF 160,000 3.9 11/29/2011 11/01/2036
G UF 1,000,000 2.7 11/29/2011 11/01/2036
G UF 300,000 2.7 11/29/2011 11/01/2036
G UF 1,360,000 2.6 11/29/2011 11/01/2036
J UF 1,400,000 1.0 11/29/2011 11/01/2042
J UF 1,500,000 1.0 11/29/2011 11/01/2042
J UF 1,100,000 1.0 11/29/2011 11/01/2042
I UF 900,000 1.0 11/29/2011 11/01/2040
Total subordinated bonds due

All values are in US Dollars.

109

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

23. Financial instruments of regulatory capital issued, continued:
December 2024
Serie Currency Issuance <br><br>currency <br><br>amount Interest rate % Registration <br><br>date Maturity date Balance due MCh
C1 UF 300,000 7.5 12/06/1999 01/01/2030
C1 UF 200,000 7.4 12/06/1999 01/01/2030
C1 UF 530,000 7.1 12/06/1999 01/01/2030
C1 UF 300,000 7.1 12/06/1999 01/01/2030
C1 UF 50,000 6.5 12/06/1999 01/01/2030
C1 UF 450,000 6.6 12/06/1999 01/01/2030
D1 UF 2,000,000 3.6 06/20/2002 04/01/2026
F UF 1,000,000 5.0 11/28/2008 11/01/2033
F UF 1,500,000 5.0 11/28/2008 11/01/2033
F UF 759,000 4.5 11/28/2008 11/01/2033
F UF 241,000 4.5 11/28/2008 11/01/2033
F UF 4,130,000 4.2 11/28/2008 11/01/2033
F UF 1,000,000 4.3 11/28/2008 11/01/2033
F UF 70,000 4.2 11/28/2008 11/01/2033
F UF 4,000,000 3.9 11/28/2008 11/01/2033
F UF 2,300,000 3.8 11/28/2008 11/01/2033
G UF 600,000 4.0 11/29/2011 11/01/2036
G UF 50,000 4.0 11/29/2011 11/01/2036
G UF 80,000 3.9 11/29/2011 11/01/2036
G UF 450,000 3.9 11/29/2011 11/01/2036
G UF 160,000 3.9 11/29/2011 11/01/2036
G UF 1,000,000 2.7 11/29/2011 11/01/2036
G UF 300,000 2.7 11/29/2011 11/01/2036
G UF 1,360,000 2.6 11/29/2011 11/01/2036
J UF 1,400,000 1.0 11/29/2011 11/01/2042
J UF 1,500,000 1.0 11/29/2011 11/01/2042
J UF 1,100,000 1.0 11/29/2011 11/01/2042
I UF 900,000 1.0 11/29/2011 11/01/2040
Total subordinated bonds due

All values are in US Dollars.

24. Provisions for contingencies:
(a) At the end of each period, this item is composed as follows:
--- ---
June December
--- --- ---
2025 2024
MCh MCh
Provisions for employee benefit obligations
Provisions for obligations of customer loyalty and merit programs
Provisions for lawsuits and litigation
Provisions for operational risk
Provisions of a bank branch abroad for profit remittances to its parent company
Provisions for reestructuring plans
Other provisions for contingencies
Total

All values are in US Dollars.

110

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

24. Provisions for contingencies, continued;
(b) The following table shows the changes in provisions during<br>the period 2025 and 2024:
--- ---
Provisions for <br>employee <br>benefit <br>obligations Provisions<br>of a bank<br>branch<br>abroad for<br>profit<br>remittances<br>to its parent<br>company Provisions for<br>reestructuring<br>plans Provisions<br>for lawsuits<br>and litigation Provisions for <br>obligations<br>of customer<br>loyalty and<br>merit <br>programs Provisions for<br>operational <br>risk Other<br>provisions for <br>contingencies Total
--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
MCh MCh MCh MCh MCh MCh MCh MCh
Balances as of January 1, 2024
Provisions established
Provisions used ) ) ) )
Provisions released ) ) ) )
Balances as of June 30, 2024
Provisions established
Provisions used ) ) ) )
Provisions released ) ) )
Balances as of December 31, 2024
Provisions established
Provisions used ) ) ) )
Provisions released ) ) ) )
Balances as of June 30, 2025

All values are in US Dollars.

(c) Provisions for employee benefit obligations:
June December
--- --- ---
2025 2024
MCh MCh
Provision of short-term employee benefits
Provision of benefits to employees for contract termination
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

All values are in US Dollars.

111

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

24. Provisions for contingencies, continued;
(d) Provision of short-term employee benefits:
--- ---
(i) Compliance bonuses provision:
--- ---
June June
--- --- --- --- ---
2025 2024
MCh MCh
Balances as of January 1
Net provisions established
Provisions used ) )
Total

All values are in US Dollars.

(ii) Vacation provision:
June June
--- --- --- --- ---
2025 2024
MCh MCh
Balances as of January 1
Net provisions established
Provisions used ) )
Total

All values are in US Dollars.

(iii) Provision of other benefits to personnel:
June June
--- --- --- --- ---
2025 2024
MCh MCh
Balances as of January 1
Net provisions established
Provisions used ) )
Total

All values are in US Dollars.

(e) Provision of benefits to employees for contract termination:
(i) Changes of the provision for employee benefits due to the<br>termination of the employment contract:
--- ---
June June
--- --- --- --- ---
2025 2024
MCh MCh
Present value of the obligations at the beginning of the period
Increase in provision
Benefit paid ) )
Effect of change in actuarial factors )
Total

All values are in US Dollars.

112

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

24. Provisions for contingencies, continued;
(e) Provision of benefits to employees for contract termination,<br>continued:
--- ---
(ii) Net benefits expenses:
--- ---
June June
--- --- --- ---
2025 2024
MCh MCh
Increase (decrease) in provisions
Interest cost of benefits obligations
Effect of change in actuarial factors )
Net benefit expenses

All values are in US Dollars.

(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:

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

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

(f) Employee benefits share-based provision:

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

25. Provision for dividends, interests and reappraisal of financial<br>instruments of regulatory capital issued:
(a) The item detail is as follows:
--- ---
June December
--- --- ---
2025 2024
MCh MCh
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

All values are in US Dollars.

(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, 2024
Provisions established
Provisions used ) )
Provisions released
Balances as of June 30, 2024
Provisions established
Provisions used
Provisions released
Balances as of December 31, 2024
Provisions established
Provisions used ) )
Provisions released
Balances as of June 30, 2025

All values are in US Dollars.

113

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:
--- ---
June December
--- --- ---
2025 2024
MCh MCh
Additional loan provisions (*)
Provisions for credit risk for contingent loans (**)
Provisions for country risk for transactions with debtors with residence abroad
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

All values are in US Dollars.

(*) To address the impact of applying the standard provisioning<br>model for consumer loans, additional provisions of Ch$69,035 million were released in January 2025. See Note No. 4, Accounting Changes.
(**) 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 country risk for transactions with debtors with residence abroad Total
--- --- --- --- --- --- --- --- ---
MCh MCh MCh MCh
Balances as of January 1, 2024
Provisions established
Provisions used
Provisions released
Foreign exchange differences
Balances as of June 30, 2024
Provisions established
Provisions used
Provisions released ) )
Foreign exchange differences
Balances as of December 31, 2024
Provisions established
Provisions used
Provisions released ) )
Foreign exchange differences ) )
Balances as of June 30, 2025

All values are in US Dollars.

114

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

27. Other Liabilities:

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

June December
2025 2024
MCh MCh
Accounts payable to third parties
Creditors for intermediation of financial instruments
Obligations for mortgage loans granted to be remit to other banks and/or real estate companies
Cash guarantees received for derivative financial transactions
Liability for income from usual activities from contracts with customers
Agreed dividends payable
VAT debit
Securities to be settled
Outstanding transactions
Other cash guarantees received
Other liabilities
Total

All values are in US Dollars.

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

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

As of June 30, 2025
Corporate Name or Shareholders’s name Number of Shares % of Equity Holding
LQ Inversiones Financieras S.A. 46,815,289,329 46.344 %
Banco de Chile on behalf of State Street 5,825,079,507 5.766 %
Banchile Corredores de Bolsa S.A. 5,205,137,104 5.153 %
Inversiones LQ-SM Limitada 4,854,988,014 4.806 %
Banco Santander on behalf of foreign investors 4,580,915,469 4.535 %
JP Morgan Chase Bank 2,958,518,908 2.929 %
Banco de Chile on behalf of non-resident third parties 2,447,657,422 2.423 %
Ever Chile SPA 1,888,369,814 1.869 %
Banco Santander Chile 1,783,993,442 1.766 %
Ever 1 BAE SPA 1,166,584,950 1.155 %
Larraín Vial S.A. Corredora de Bolsa 998,314,485 0.988 %
Inversiones Avenida Borgoño Limitada 882,604,102 0.874 %
Banco de Chile on behalf of Citibank New York 865,587,768 0.857 %
BCI Corredores de Bolsa S.A. 854,757,901 0.846 %
A.F.P Habitat S.A. for A Fund 680,081,243 0.673 %
Santander Corredores de Bolsa Limitada 619,555,210 0.613 %
Valores Security S.A. Corredores de Bolsa 528,814,471 0.523 %
A.F.P Cuprum S.A. for A Fund 524,851,344 0.520 %
Inversiones CDP Limitada 487,744,912 0.483 %
Itau Corredores de Bolsa Limitada 475,631,833 0.471 %
Subtotal 84,444,477,228 83.594 %
Other shareholders 16,572,603,886 16.406 %
Total 101,017,081,114 100.000 % 
115

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

28. Equity, continued:
(a) Capital, continued:
--- ---
(i) Authorized, subscribed and paid shares, continued:
--- ---
As of December 31, 2024
--- --- --- --- --- ---
Corporate Name or Shareholders’s name Number of Shares % of Equity Holding
LQ Inversiones Financieras S.A. 46,815,289,329 46.344 %
Banco de Chile on behalf of State Street 6,125,765,969 6.064 %
Banchile Corredores de Bolsa S.A 5,123,539,720 5.072 %
Banco Santander on behalf of foreign investors 5,080,833,862 5.030 %
Inversiones LQ-SM Limitada 4,854,988,014 4.806 %
JP Morgan Chase Bank 3,041,703,508 3.011 %
Banco de Chile on behalf of non-resident third parties 2,666,777,747 2.640 %
Banco Santander Chile 1,941,976,163 1.922 %
Ever Chile SPA 1,888,369,814 1.869 %
Ever 1 BAE SPA 1,166,584,950 1.155 %
Larraín Vial S.A. Corredora de Bolsa 1,042,343,304 1.032 %
Banco de Chile on behalf of Citibank New York 1,038,850,995 1.028 %
BCI Corredores de Bolsa S.A. 989,711,426 0.980 %
Inversiones Avenida Borgoño Limitada 728,439,279 0.721 %
Santander Corredores de Bolsa Limitada 581,788,686 0.576 %
A.F.P Habitat S.A. for A Fund 527,598,687 0.522 %
Valores Security S.A. Corredores de Bolsa 516,192,449 0.511 %
A.F.P Cuprum S.A. for A Fund 492,665,765 0.488 %
Inversiones CDP SPA 487,744,912 0.483 %
BTG Pactual Chile S.A. Corredores de Bolsa 463,503,644 0.459 %
Subtotal 85,574,668,223 84.713 %
Other shareholders 15,442,412,891 15.287 %
Total 101,017,081,114 100.000 % 
116

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, 2024 to June 30, 2025:

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

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

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

(c) Provision 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 June 30, 2025 amounted to Ch$120,057 million (Ch$212,012 million as of December 31, 2024).

As indicated, as of June 30, 2025, the amount of the net income determined in accordance with the preceding paragraph is equivalent to Ch$513,754 million (Ch$995,380 million as of December 31, 2024). Consequently, the Bank recorded a provision for minimum dividends under “Provision for dividends, interests and reappraisal of financial instruments of regulatory capital issued” as of June 30, for an amount of Ch$308,253 million (Ch$597,228 million in December 2024), which reflects as a counterpart an equity reduction for the same amount in the item “Retained earnings”.

117

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 year, 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 June 30, 2025 and 2024 were determined as follows:

June June
2025 2024
Basic earnings per share:
Net profits attributable to ordinary equity holders of the bank (in million of Chilean pesos) 633,811 621,255
Weighted average number of ordinary shares 101,017,081,114 101,017,081,114
Earning per shares (in Chilean pesos) 6.27 6.15
Diluted earnings per share:
Net profits attributable to ordinary equity holders of the bank (in million of Chilean pesos) 633,811 621,255
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) 6.27 6.15

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

118

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 June 30, 2025 and 2024:

Elements that will not be reclassified in profit or loss Elements that can be reclassified in profit or loss
New measurements of net defined benefit liability and actuarial results for other employee benefit plans Fair value changes of equity instruments designated as at fair value through other comprehensive income Income tax Subtotal Fair value changes of financial assets at fair value through other comprehensive income Cash flow accounting hedge Participation in other comprehensive income of entities registered under the equity method Income tax Subtotal Total
MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh
Opening balances as of January 1, 2024 ) ) ) )
Other comprehensive income for the period ) ) ) ) )
Balances as of June 30, 2024 ) ) ) )
Opening balances as of January 1, 2025 ) ) ) ) )
Other comprehensive income for the period ) ) ) ) )
Balances as of June 30, 2025 ) ) ) )

All values are in US Dollars.

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

(e) Retained earnings from previous years:

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

119

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

29. Contingencies and Commitments:
(a) The Bank and its subsidiaries have exposures associated with<br>contingent loans and other liabilities according to the following detail:
--- ---
(a.1) Contingent loans:
--- ---
June 2025 December 2024
--- --- ---
MCh MCh
Guarantees and sureties
Guarantees and sureties in chilean currency
Guarantees and sureties in foreign currency
Letters of credit for goods circulation operations
Debt purchase commitments in local currency abroad
Transactions related to contingent events
Transactions related to contingent events in chilean currency
Transactions related to contingent events in foreign currency
Undrawn credit lines with immediate termination
Balance of lines of credit and agreed overdraft in current account – commercial loans
Balance of lines of credit on credit card – commercial loans
Balance of lines of credit and agreed overdraft in current account – consumer loans
Balance of lines of credit on credit card – consumer loans
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
Other credit commitments
Total

All values are in US Dollars.

(a.2) Responsibilities assumed to meet customer needs:
June<br>2025 December<br>2024
--- --- ---
MCh MCh
Transactions on behalf of third parties
Collections
Placement or sale of financial instruments
Transferred financial assets managed by the bank
Third-party resources managed by the bank
Subtotal
Securities custody
Securities safekept by a banking subsidiary
Securities safekept by the Bank
Securities safekept deposited in another entity
Securities issued by the bank
Subtotal
Total

All values are in US Dollars.

120

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

29. Contingencies and Commitments, continued:
(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 June 30, 2025, the Bank maintain provisions for judicial contingencies amounting to Ch$1,840 million (Ch$1,592 million as of December 2024), which are part of the item “Provisions for contingencies” in the Statement of Financial Position.

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

As of June 30, 2025
2025 2026 2027 2028 2029 Total
MCh MCh MCh MCh MCh MCh
Legal contingencies

All values are in US Dollars.

(b.2) Contingencies for significant lawsuits in courts:

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

(c) Guarantees 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 4,882,400 maturing January 8, 2026. The subsidiary took a policy with Mapfre Seguros Generales S.A. for the Real State Funds by a guaranteed amount of UF 722,700.

As of June 30, 2025 and 2024, 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.

121

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

29. Contingencies and Commitments, continued:
(c) Guarantees granted by operations, continued:
--- ---
June December
--- --- ---
2025 2024
Guarantees: MCh MCh
Shares received as collateral for simultaneous operations:
Santiago Securities Exchange, Stock Exchange
Electronic Chilean Securities Exchange, Stock Exchange
Fixed income securities delivered to guarantee CCLV system:
Santiago Securities Exchange, Stock Exchange
Fixed income securities as collateral for the Santiago Stock Exchange
Shares delivered to guarantee equity lending and short-selling:
Santiago Securities Exchange, Stock Exchange
Cash guarantees received for operations with derivatives
Cash guarantees for operations with derivatives
Equity securities received for operations with derivatives:
Electronic Chilean Securities Exchange, Stock Exchange
Depósito Central de Valores S.A.
Total

All values are in US Dollars.

In conformity with the internal regulation of the stock exchanges in which it participates, and for the purpose of ensuring its proper performance, the subsidiary Banchile Corredores de Bolsa S.A maintains in favor of the Santiago Stock Exchange a guarantee in fixed income financial instruments equivalent to Ch$2,149 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, 2026, this considers matters of employee fidelity, physical losses, falsification or adulteration, and currency fraud with a coverage amount equivalent to US$20,000,000.

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

It also provided a cash guarantee in the amount of US$122,494.32 for the purpose of complying with the obligations to Pershing, for any operations conducted through that broker, additionally, there are US$802,075.34 for variable income operations.

122

NOTES TO THE INTERIM CONSOLIDATED 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 June 30, 2025 the entity maintains two insurance policies with effect from April 15, 2025 to April 14, 2026 which protect it against of potential damages caused by infractions of the law, regulations and complementary rules that regulate insurance brokers, especially when the non-compliance comes from acts, errors or omissions of the broker, its representatives, agents or dependents that participate in the intermediation.

The policies contracted are:

Matter insured Amount Insured (UF)
Errors and omissions liability policy 500
Civil liability policy 60,000
(d) Exempt 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.

123

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

30. Interest Revenue and Expenses:
(a) At the end of the period, the summary of interest is as follows:
--- ---
For the six-months period ended June 30, 04.01.2025 to 06.30.2025 04.01.2024 to 06.30.2024
--- --- --- --- --- --- --- --- ---
2025 2024
MCh MCh MCh MCh
Interest revenue
Interest expenses ) ) ) )
Total net interest income

All values are in US Dollars.

(b) The composition of interest revenue is as follows:
For the six-months period ended June 30, 04.01.2025 to 06.30.2025 04.01.2024 to 06.30.2024
--- --- --- --- --- --- --- --- ---
2025 2024
MCh MCh MCh MCh
Financial assets at amortized cost:
Rights from resale agreements and securities lending
Debt financial instruments
Loans and advances to Banks
Commercial loans
Residential mortgage loans
Consumer Loans
Other financial instruments
Financial assets at fair value through other comprehensive income:
Debt financial instruments
Other financial instruments
Income of accounting hedges of interest rate risk ) ) ) )
Total

All values are in US Dollars.

(b.1) At the end of the period, the stock of interest not recognized<br>in income is as follows:
June June
--- --- ---
2025 2024
MCh MCh
Commercial loans
Residential mortgage loans
Consumer Loans
Total

All values are in US Dollars.

124

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

30. Interest Revenue and Expenses, continued:
(c) The composition of interest expenses is as follows:
--- ---
For the six-months period ended June 30, 04.01.2025 to 06.30.2025 04.01.2024 to 06.30.2024
--- --- --- --- --- --- --- --- ---
2025 2024
MCh MCh MCh MCh
Financial liabilities at amortized cost:
Current accounts and other demand deposits
Saving accounts and time deposits
Obligations by repurchase agreements and securities lending
Borrowings from financial institutions
Debt financial instruments issued
Other financial obligations
Lease liabilities
Financial instruments of regulatory capital issued
Income of accounting hedges of interest rate risk ) ) ) )
Total

All values are in US Dollars.

(d) As of June 30, 2025 and 2024, 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 six-months period ended June 30, 04.01.2025<br>to 04.01.2024<br>to
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
2025 2024 06.30.2025 06.30.2024
Income Expense Total Income Expense Total Income Expense Total Income Expense Total
MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh
Gain from fair value accounting hedges
Loss from fair value accounting hedges
Gain from cash flow accounting hedges
Loss from cash flow accounting hedges ) ) ) ) ) ) ) ) ) ) ) )
Net gain on hedge items
Total ) ) ) )

All values are in US Dollars.

125

NOTES TO THE INTERIM CONSOLIDATED 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 six-months period ended June 30, 04.01.2025 to 06.30.2025 04.01.2024 to 06.30.2024
--- --- --- --- --- --- --- --- ---
2025 2024
MCh MCh MCh MCh
UF indexation revenue
UF indexation expenses ) ) ) )
Total net income from UF indexation

All values are in US Dollars.

(b) The composition of UF indexation revenue is as follows
For the six-months period ended <br>June 30, 04.01.2024 to 06.30.2024 04.01.2024 to 06.30.2024
--- --- --- --- --- --- --- --- ---
2025 2024
MCh MCh MCh MCh
Financial assets at amortized cost:
Rights from resale agreements and securities lending
Debt financial instruments
Loans and advances to Banks
Commercial loans
Residential mortgage loans
Consumer Loans
Other financial instruments
Financial assets at fair value through other comprehensive income:
Debt financial instruments
Other financial instruments
Income of accounting hedges of UF, IVP, IPC indexation risk ) ) ) )
Total

All values are in US Dollars.

(b.1) At the end of the period, the stock of UF indexation not recognized<br>in results is as follows:
June June
--- --- ---
2025 2024
MCh MCh
Commercial loans
Residential mortgage loans
Consumer Loans
Total

All values are in US Dollars.

126

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

31. UF indexation revenue and expenses, continued:
(c) The composition of UF indexation expenses is as follows:
--- ---
For the six-months period ended June 30, 04.01.2025 to 06.30.2025 04.01.2024 to 06.30.2024
--- --- --- --- ---
2025 2024
MCh MCh MCh MCh
Financial liabilities at amortized cost:
Current accounts and other demand deposits
Saving accounts and time deposits
Obligations by repurchase agreements and securities lending
Borrowings from financial institutions
Debt financial instruments issued
Other financial obligations
Financial instruments of regulatory capital issued
Income of accounting hedges of UF, IVP, IPC indexation risk
Total

All values are in US Dollars.

(d) As of June 30, 2025 and 2024, the Bank uses cross currency swaps to hedge the risk of variability of obligations<br>flows with foreign banks and bonds issued in foreign currency.
For the six-months period ended June 30, 04.01.2025 to 04.01.2024 to
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
2025 2024 06.30.2025 06.30.2024
Income Expense Total Income Expense Total Income Expense Total Income Expense Total
MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh
Gain from fair value accounting hedges
Loss from fair value accounting hedges
Gain from cash flow accounting hedges
Loss from cash flow accounting hedges ) ) ) ) ) ) ) )
Net gain on hedge items
Total ) ) ) ) ) ) ) )

All values are in US Dollars.

127

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

32. Income and Expenses from commissions:

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

For the six-months period ended June 30, 04.01.2025 to 06.30.2025 04.01.2024 to 06.30.2024
2025 2024
MCh MCh MCh MCh
Income from commissions and services rendered
Comissions from card services
Remuneration from administration of mutual funds, investment funds or others
Account management fees
Comissions from collections and payments
Comissions from guarantees and letters of credit
Brand use agreement
Insurance not related to the granting of credits to natural persons
Comissions from trading and securities management
Use of distribution channel
Comissions from credit prepayments
Insurance related to the granting of credits to natural persons
Insurance not related to the granting of credits to legal entities
Comissions from lines of credit and current account overdrafts
Financial advisory services
Insurance related to the granting of credits to legal entities
Comissions from factoring operations services
Loan commissions with letters of credit
Other commission earned
Total
Expenses from commissions and services received
Commissions from card transactions ) ) ) )
Expenses from obligations of loyalty and merit card customers programs ) ) ) )
Interbank transactions ) ) ) )
Commissions from use of card brands license ) ) ) )
Comissions from securities transaction ) ) ) )
Collections and payments ) ) ) )
Other commissions from services received ) ) ) )
Total ) ) ) )
Total Net

All values are in US Dollars.

128

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

33. Net Financial income (expense):
(a) The amount of net financial income (expense) shown in the<br>Interim Consolidated Income Statement for the period corresponds to the following concepts:
--- ---
For<br> the six-months period ended June 30, 04.01.2025<br> to 06.30.2025 04.01.2024<br> to 06.30.2024
--- --- --- --- --- --- --- --- ---
2025 2024
Financial<br> result from: MCh MCh MCh MCh
Financial assets held for<br> trading at fair value through profit or loss:
Financial<br> derivative contracts
Debt Financial<br> Instruments
Other financial instruments
Financial<br> liabilities held for trading at fair value through profit or loss:
Financial<br> derivative contracts ) ) ) )
Other<br> financial instruments ) ) )
Subtotal
Non-trading<br> financial assets mandatorily measured at fair value through profit or loss:
Debt Financial<br> Instruments
Other<br> financial instruments
Financial<br> assets designated as at fair value through profit or loss:
Debt Financial<br> Instruments
Other<br> financial instruments
Financial<br> liabilities designated as at fair value through profit or loss:
Current<br> accounts and other demand deposits and savings accounts and other time deposits
Debt instruments<br> issued
Others
Derecognition<br> of financial assets and liabilities at amortized cost and financial assets at fair value through other comprehensive income:
Financial<br> assets at amortized cost ) )
Financial<br> assets at fair value through other comprehensive income
Financial<br> liabilities at amortized cost
Financial<br> instruments of regulatory capital issued
Subtotal
Exchange,<br> indexation and accounting hedging of foreign currency:
Gain (loss)<br> from foreign currency exchange )
Gain (loss)<br> from indexation for exchange rate ) ) )
Net<br> gain (loss) from derivatives in accounting hedges of foreign currency risk ) )
Subtotal )
Reclassification<br> of financial assets for changes to business models:
From financial<br> assets at amortized cost to financial assets held for trading at fair value through profit or loss
From financial<br> assets at fair value through other comprehensive income to financial assets held for trading at fair value through profit or loss
Modifications<br> of financial assets and liabilities:
Financial<br> assets at amortized cost
Financial<br> assets at fair value through other comprehensive income
Financial<br> liabilities at amortized cost
Lease<br> liabilities
Financial<br> instruments of regulatory capital issued
Ineffective<br> accounting hedges:
Gain (loss)<br> from ineffective cash flow accounting hedges
Gain (loss)<br> from ineffective accounting hedges of net investment abroad
Other<br> type of accounting hedges:
Hedges<br> of other types of financial assets
Total

All values are in US Dollars.

129

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

33. Net Financial income (expense), continued:
(b) Below is a detail of the income (expense) associated with the changes of provisions constituted for credit<br>risk related to loans and contingent loans denominated in foreign currency, which is reflected in “Exchange, indexation and accounting<br>hedging of foreign currency”.
--- ---
For the six-months period ended June 30, 04.01.2025 to 06.30.2025 04.01.2024 to 06.30.2024
--- --- --- --- --- ---
2025 2024
MCh MCh MCh MCh
Loans and advances to Banks )
Commercial loans )
Residential mortgage loans
Consumer loans )
Contingent loans )
Total )

All values are in US Dollars.

34. Income attributable to investments in other companies:

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

June June
2025 2024
Company Shareholder MCh MCh
Income attributable to investments in other companies:
Associates
Transbank S.A. Banco de Chile
Centro de Compensación Automatizado S.A. Banco de Chile
Redbanc S.A. Banco de Chile
Sociedad Interbancaria de Depósitos de Valores S.A. Banco de Chile
Administrador Financiero de Transantiago S.A. Banco de Chile
Sociedad Operadora de la Cámara de Compensación de Pagos de Alto Valor S.A. Banco de Chile
Servicios de Infraestructura de Mercado OTC S.A. Banco de Chile
Subtotal Associates
Joint Ventures
Servipag Ltda. Banco de Chile
Artikos Chile S.A. (*) Banco de Chile
Subtotal Joint Ventures
Subtotal
Minority Investments
Holding Bursátil Regional S.A. Banchile Corredores de Bolsa
Banco Latinoamericano de Comercio Exterior S.A. (Bladex) Banco de Chile
Bolsa Electrónica de Chile, Bolsa de Valores Banchile Corredores de Bolsa
CCLV Contraparte Central S.A. Banchile Corredores de Bolsa
Subtotal Minority Investments
Total Investments in other companies

All values are in US Dollars.

(*) In September 2024, it was agreed to accept the binding purchase<br>offer presented by the Santiago Chamber of Commerce A.G. for 100% of the shares of Artikos Chile S.A. (“Artikos”). The sale<br>was completed in December of the same year. 
130

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

35. Result from non-current assets and disposal groups held for sale not admissible as discontinued operations:

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

June June
2025 2024
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
Other income from assets received in payment or foreclosed at judicial auction
Provisions for adjustments to net realizable value of assets received in lieu of payment or foreclosed at judicial auction ) )
Charge-off assets received in lieu of payment or foreclosed at judicial auction ) )
Expenses to maintain assets received in lieu of payment or foreclosed at judicial auction ) )
Non-current assets held for sale
Investments in other companies
Intangible assets
Property and equipment
Assets for recovery of assets transferred in financial leasing operations
Other assets
Disposal groups held for sale
Total )

All values are in US Dollars.

36. Other operating Income and Expenses:
a) During the periods 2025 and 2024, the Bank and its subsidiaries present other operating income, according<br>to the following:
--- ---
June June
--- --- ---
2025 2024
MCh MCh
Expense recovery
Revaluation of tax refunds from previous years
Income from investment properties
Revaluation of prepaid monthly payments
Foreign trade income
Others income
Total

All values are in US Dollars.

131

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

36**.** Other operating Income and Expenses, continued:
b) During the periods 2025 and 2024, the Bank and its subsidiaries present other operating expenses, according<br>to the following:
--- ---
June June
--- --- --- --- ---
2025 2024
MCh MCh
Write-offs for operating risks
Insurance premiums expense to cover operational risk events
Expenses for credit operations of financial leasing
Card administration
Legal expenses and trials
Provision for pending operations (90 days)
Write-offs for commercial decisions
Provisions for trials and litigation
Expenses for charge-off leased assets recoveries
Valuation expense
Life insurance
Renegotiated loan insurance premium
(Release) expense of provisions for operational risk ) )
Expense recovery from operational risk events ) )
Other expenses )
Total

All values are in US Dollars.

37. Expenses from salaries and employee benefits:

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

June June
2025 2024
MCh MCh
Expenses for short-term employee benefit
Expenses for employee benefits due to termination of employment contract
Training expenses
Expenses for nursery and kindergarten
Other personnel expenses
Total

All values are in US Dollars.

132

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

38. Administrative expenses:

This item is composed as follows:

June June
2025 2024
MCh MCh
General administrative expenses
Information technology and communications
Maintenance and repair of property and equipment
Surveillance and securities transport services
Office supplies
External advisory services and professional services fees
External financial information and fraud prevention service
Energy, heating and other utilities
Legal and notary expenses
External service of custody of documentation
Expenses for short-term leases
Postal box, mail, postage and home delivery services
Other expenses of obligations for lease contracts
Insurance premiums except to cover operational risk events
Representation and travel expenses
Donations
Card embossing service
Fees for review and audit of the financial statements by the external auditor
Fees for other technical reports
Expenses for leases low value
Fines applied by other agencies
Title classification fees
Other general administrative expenses
Outsource services
Technological developments expenses, certification and technology testing
Data processing
External credit evaluation service
External collection service
External human resources administration services and supply of external personnel
Call Center service for sales, marketing, quality control customer service
External cleaning service, casino, custody of files and documents, storage of furniture and equipment
Other outsource services
Board expenses
Board of Directors Compensation
Other Board expenses
Marketing
Taxes, contributions and other legal charges
Contribution to the banking regulator
Property taxes
Taxes other than income tax
Municipal patents
Other legal charges
Total

All values are in US Dollars.

133

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

39. Depreciation and Amortization:

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

June June
2025 2024
MCh MCh
Amortization of intangibles assets
Other intangible assets arising from business combinations
Other independently originated intangible assets
Depreciation of property and equipment
Buildings and land
Other property and equipment
Depreciation and impairment of leased assets
Buildings and land
Other property and equipment
Depreciation for improvements in leased real estate as leased of right-to-use assets
Amortization for the right-to-use other intangible assets under lease
Depreciation of other assets for investment properties
Amortization of other assets per activity income asset
Total

All values are in US Dollars.

40. Impairment of non-financial assets:

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

June June
2025 2024
MCh MCh
Impairment of intangible assets — —
Impairment of property and equipment
Impairment of assets from income from ordinary activities from contracts with customers
Total

All values are in US Dollars.

134

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

41. Credit loss expense:
(a) The composition is as follows:
--- ---
For the six-months period ended June 30, 04.01.2025 to 06.30.2025 04.01.2024 to 06.30.2024
--- --- --- --- --- --- --- --- ---
2025 2024
MCh MCh MCh MCh
Expense of provisions established for loan credit risk
Expense (release) of special provisions for credit risk )
Recovery of written-off credits ) ) ) )
Impairments for credit risk from other financial assets at amortized cost and financial assets at fair value through other comprehensive income
Total

All values are in US Dollars.

(b) Summary of the expense of provisions constituted for credit risk and expense for credit losses:
Expense of loans provisions constituted in the period
--- --- --- --- --- --- --- --- --- --- --- --- --- ---
Substandard Non-Complying Deductible
Normal Portfolio Portfolio Portfolio warranty
Evaluation Evaluation Evaluation Fogape
As of June 30, 2025 Individual Group Individual Individual Group Subtotal Covid-19 Total
MCh MCh MCh MCh MCh MCh MCh MCh
Loans and advances to Banks
Provisions established
Provisions released ) ) )
Subtotal ) ) )
Commercial loans
Provisions established
Provisions released ) )
Subtotal )
Residential mortgage loans
Provisions established
Provisions released ) ) )
Subtotal )
Consumer loans
Provisions established
Provisions released
Subtotal
Expense (release) of provisions for credit risk )
Recovery of written-off credits
Loans and advances to Banks
Commercial loans )
Residential mortgage loans )
Consumer loans )
Subtotal )
Loan credit loss expenses

All values are in US Dollars.

135

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<br> Portfolio Non-Complying Potfolio Deductible<br>warranty
Evaluation Evaluation Evaluation Fogape
As of June 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
Provisions released
Subtotal
Commercial loans
Provisions established
Provisions released ) ) ) ) )
Subtotal ) ) )
Residential mortgage loans
Provisions established
Provisions released ) ) )
Subtotal )
Consumer loans
Provisions established
Provisions released ) ) )
Subtotal )
Expense (release) of provisions for credit risk ) ) )
Recovery of written-off credits
Loans and advances to Banks
Commercial loans )
Residential mortgage loans )
Consumer loans )
Subtotal )
Loan credit loss expenses

All values are in US Dollars.

136

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 six-months<br> period ended June 30, 04.01.2024<br> to 06.30.2024 04.01.2024<br> to 06.30.2024
2025 2024
MCh MCh MCh MCh
Expenses (release) of provisions for contingent loans:
Loans and advances to Banks
Commercial loans ) )
Consumer loans )
Expenses form provisions for country risk for transactions with debtors with residence abroad
Expense of special provisions for loans abroad
Expenses of additional loan provisions:
Commercial loans )
Residential mortgage loans
Consumer loans
Expense of other special provisions established for credit risk )

All values are in US Dollars.

42. Income from discontinued operations:

As of June 30, 2025 and 2024, 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.

137

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, 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 As of June 30, 2025 Parent Entity Other Legal Entity Key Personnel of the<br> Consolidated Bank Other Related Parties Total
MCh MCh MCh MCh MCh
ASSETS
Financial assets held for trading at fair value through profit or loss:
Derivative Financial Instruments
Debt financial instruments
Other financial instruments
Non-trading financial assets mandatorily measured at fair value through profit or loss
Financial assets designated as at fair value through profit or loss
Financial assets at fair value through other comprehensive income
Derivative Financial Instruments for hedging purposes
Financial assets at amortized cost:
Rights from resale agreements and securities lending
Debt financial instruments
Commercial loans
Residential mortgage loans
Consumer Loans
Allowances established – loans ) ) ) )
Other assets
Contingent loans
LIABILITIES
Financial liabilities held for trading at fair value through profit or loss:
Derivative Financial Instruments
Financial liabilities designated as at fair value through profit or loss
Derivative Financial Instruments for hedging purposes
Financial liabilities at amortized cost:
Current accounts and other demand deposits
Saving accounts and time deposits
Obligations by repurchase agreements and securities lending
Borrowings from financial institutions
Debt financial instruments issued
Other financial obligations
Lease liabilities
Other liabilities

All values are in US Dollars.

138

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, 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 parties As of December 31, 2024 Parent Entity Other Legal Entity Key Personnel of the<br> Consolidated Bank Other Related Parties Total
MCh MCh MCh MCh MCh
ASSETS
Financial assets held for trading at fair value through profit or loss:
Derivative Financial Instruments
Debt financial instruments
Other financial instruments
Non-trading financial assets mandatorily measured at fair value through profit or loss
Financial assets designated as at fair value through profit or loss
Financial assets at fair value through other comprehensive income
Derivative Financial Instruments for hedging purposes
Financial assets at amortized cost:
Rights from resale agreements and securities lending
Debt financial instruments
Commercial loans
Residential mortgage loans
Consumer Loans
Allowances established – loans ) ) ) )
Other assets
Contingent loans
LIABILITIES
Financial liabilities held for trading at fair value through profit or loss:
Derivative Financial Instruments
Financial liabilities designated as at fair value through profit or loss
Derivative Financial Instruments for hedging purposes
Financial liabilities at amortized cost:
Current accounts and other demand deposits
Saving accounts and time deposits
Obligations by repurchase agreements and securities lending
Borrowings from financial institutions
Debt financial instruments issued
Other financial obligations
Lease liabilities
Other liabilities

All values are in US Dollars.

139

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

43. Related Party Disclosures, continued:
(b) Income and expenses from related party transactions (*):
--- ---
As of June 30, 2025 Parent Entity Other Legal Entity Key personnel of the consolidated Bank Other Related parties Total
--- --- --- --- --- --- --- ---
MCh MCh MCh MCh MCh
Interest revenue
UF indexation revenue
Income from commissions
Net Financial income (expense) ) )
Other income
Total Income
Interest expense
UF indexation expenses
Expenses from commissions
Expenses credit losses (gains)
Expenses from salaries and employee benefits
Administrative expenses
Other expenses
Total Expenses

All values are in US Dollars.

As of June 30, 2024 Parent Entity Other Legal Entity Key personnel of the consolidated Bank Other Related parties Total
MCh MCh MCh MCh MCh
Interest revenue
UF indexation revenue
Income from commissions
Net Financial income (expense)
Other income
Total Income
Interest expense
UF indexation expenses
Expenses from commissions
Expenses credit losses (gains) ) ) )
Expenses from salaries and employee benefits
Administrative expenses
Other expenses
Total Expenses

All values are in US Dollars.

(*) This does not constitute a Statement of Income from operations<br>with related parties since the assets with these parties are not necessarily equal to the liabilities and in each of them the total income<br>and expenses are reflected and not those corresponding to matched operations. 
140

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

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

As of June 30, 2025

Description<br> of the transaction Effect<br> on Income Effect<br> on Financial<br> position
Company<br> name Nature<br> of the relationship with the Bank Type<br> of service Term Renewal<br> conditions Transactions<br> under equivalent conditions to those transactions with mutual independence between the parties Amount MCh Income MCh Expenses MCh Accounts<br> receivable MCh Accounts<br> payable MCh
Servipag<br> Ltda. Joint venture Collection services 30 days Contract Yes
Transfer services 30 days Contract Yes
IT support services 30 days Contract Yes
Bolsa<br> de Comercio de Santiago, Bolsa de Valores Minority investments Brokerage commission 30 days Contract Yes
Manantial<br> S.A. Other related parties General expenses 30 days Contract Yes
Enex<br> S.A. Other related parties Rent spaces for ATM 30 days Contract Yes
Fraud prevention services 30 days Contract Yes
Redbanc<br> S.A. Associates Electronic transaction management services 30 days Contract Yes
IT services 30 days Contract Yes
IT proyect services 30 days Contract Yes
Depósito<br> Central de Valores S.A. Other related parties Quality control and custodial services 30 days Contract Yes
Custodial services 30 days Contract Yes
CCLV<br> Contraparte Central S.A. Minority investments Brokerage commission 30 days Contract Yes
Sociedad<br> Operadora de la Cámara de Compensación de Pagos de Alto Valor S.A. Associates Collection services 30 days Contract Yes
Bolsa<br> Electrónica de Chile, Bolsa de Valores Minority investments Brokerage commission 30 days Contract Yes
Citibank<br> N.A. Reino Unido Other related parties Service of financial information 30 days Contract Yes
Comder<br> Contraparte Central S.A. Other related parties Securities clearing services 30 days Contract Yes
Citigroup<br> Global Markets INC Other related parties Brokerage commission 30 days Contract Yes
DCV<br> Registros S.A. Other related parties IT services 30 days Contract Yes
Transbank<br> S.A. Associates Card processing 30 days Contract Yes
Exchange commission 30 days Contract Yes
Centro<br> de Compensación Automatizado S.A. Associates Transfer services 30 days Contract Yes
Fraud prevention services 30 days Contract Yes
Collection services 30 days Contract Yes
Citibank<br> N.A. Other related parties Connectivity business commissions Quarterly Contract Yes
Nuevos<br> Desarrollos S.A. Other related parties Financial lease agreements 30 days Contract Yes
Plaza<br> Vespucio SPA Other related parties Financial lease agreements 30 days Contract Yes
Plaza<br> Oeste SPA Other related parties Financial lease agreements 30 days Contract Yes
Plaza<br> del Trebol SPA Other related parties Financial lease agreements 30 days Contract Yes
Plaza<br> Tobalaba SPA Other related parties Financial lease agreements 30 days Contract Yes
Plaza<br> La Serena SPA Other related parties Financial lease agreements 30 days Contract Yes
Inmobiliaria<br> Mall Calama S.A. Other related parties Financial lease agreements 30 days Contract Yes

All values are in US Dollars.

141

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

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

As of December 31, 2024

Description of the transaction Effect on Income Effect on Financial position
Company name Nature of the relationship with the Bank Type of service Term Renewal conditions Transactions under equivalent conditions to those transactions with mutual independence between the parties Amount MCh Income MCh Expenses MCh Accounts receivable MCh Accounts payable MCh
Ionix SPA Other related parties IT support services 30 days Contract Yes
Servipag Ltda. Joint venture IT support services 30 days Contract Yes
Collection services 30 days Contract Yes
Bolsa de Comercio de Santiago, Bolsa de Valores Minority investments Service of financial information 30 days Contract Yes
Brokerage commission 30 days Contract Yes
IT support services 30 days Contract Yes
Enex S.A. Other related parties Rent spaces for ATM 30 days Contract Yes
Universidad del Desarrollo Other related parties Advertising service 30 days Contract Yes
Universidad Adolfo Ibáñez Other related parties Training 30 days Contract Yes
Bolsa Electrónica de Chile S.A. Minority investments Brokerage commission 30 days Contract Yes
Service of financial information 30 days Contract Yes
DCV Registros S.A. Other related parties IT services 30 days Contract Yes
Redbanc S.A. Associates Electronic transaction management services 30 days Contract Yes
IT proyect services 30 days Contract Yes
Installation services 30 days Contract Yes
Fraud prevention services 30 days Contract Yes
IT services 30 days Contract Yes
Depósito Central de Valores S.A. Other related parties Quality control and custodial services 30 days Contract Yes
Custodial services 30 days Contract Yes
CCLV Contraparte Central S.A. Minority investments Brokerage commission 30 days Contract Yes
Manantial S.A. Other related parties General expenses 30 days Contract Yes
Sociedad Operadora de la Cámara de Compensación de Pagos de Alto Valor S.A. Associates Collection services 30 days Contract Yes
Comder Contraparte Central S.A. Other related parties Securities clearing services 30 days Contract Yes
Citigroup Global Markets INC Other related parties Brokerage commission 30 days Contract Yes
Transbank S.A. Associates Card processing 30 days Contract Yes
Project consultation 30 days Contract Yes
Fraud prevention services 30 days Contract Yes
Exchange commission 30 days Contract Yes
Centro de Compensación Automatizado S.A. Associates Fraud prevention services 30 days Contract Yes
Collection services 30 days Contract Yes
Transfer services 30 days Contract Yes
Artikos Chile S.A. Joint venture IT support services 30 days Contract Yes
IT services 30 days Contract Yes
Citibank N.A. Other related parties Connectivity business commissions Quarterly Contract Yes
Fundación Teletón Other related parties Advertising services 30 days Contract Yes
Donations 30 days Contract Yes
Canal 13 Other related parties Advertising service 30 days Contract Yes
Inmobiliaria e Inversiones Capitolio S.A. Other related parties Leases 30 days Contract Yes
Nuevos Desarrollos S.A. Other related parties Financial lease agreements 30 days Contract Yes
Plaza Vespucio SPA Other related parties Financial lease agreements 30 days Contract Yes
Plaza Oeste SPA Other related parties Financial lease agreements 30 days Contract Yes
Plaza del Trebol SPA Other related parties Financial lease agreements 30 days Contract Yes
Plaza Tobalaba SPA Other related parties Financial lease agreements 30 days Contract Yes
Plaza La Serena SPA Other related parties Financial lease agreements 30 days Contract Yes
Inmobiliaria Mall Calama S.A. Other related parties Financial lease agreements 30 days Contract Yes

All values are in US Dollars.

142

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

43. Related Party Disclosures, continued:
(d) Payments to the Board of Directors and to key personnel of<br>the management of the Bank and its subsidiaries:
--- ---
June 2025 June 2024
MCh MCh
Board of Directors:
Payment of remuneration and attendance fees of the Board of Directors - Bank and its subsidiaries
Other Board expenses
Key Personnel of the Management of the Bank and its Subsidiaries:
Payment for short-term employees benefits
Payment for severance
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
Total

All values are in US Dollars.

(e) Composition of the Board of Directors and key personnel of<br>the Management of the Bank and its subsidiaries:
June<br> 2025 June<br> 2024
--- --- --- --- ---
No. Executives
Board of Directors:
Directors – Bank and its subsidiaries 17 16
Key Personnel of the Management of the Bank and its Subsidiaries:
CEO – Bank 1 1
CEOs – Subsidiaries 6 5
Division Managers / Area – Bank 74 84
Division Managers / Area – Subsidiaries 38 27
Subtotal 119 117
Total 136 133 
143

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, 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.

144

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, 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 a valuation adjustment if a derivative is valued using parameters other than those used in the aforementioned CSA Discounting methodology. Since Banco de Chile uses CSA Discounting as the valuation methodology, COLVA is already part of the derivative’s Mark-to-Market (MTM), and no additional adjustment is required for this concept. In any case, the Bank measures COLVA for internal management purposes, relative to a SOFR Discounting scenario (scenario where all derivatives have USD SOFR collateral).

Liquidity value adjustments are made to trading instruments (including derivatives) only, while Bid/Offer adjustments are made for trading instruments and Financial 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.

145

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 instruments valued at Fair value:

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

Level 1: These are financial instruments whose fair value<br>is calculated at quoted prices (unadjusted) in extracted from liquid and deep markets. For these instruments there are quotes or prices<br>(return internal rates, quote value, price) the observable market, so that assumptions are 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.

146

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.

147

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<br><br> <br>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 bootstrappingmethod 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. 
148

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<br>using non-observable inputs data neither for the assets or liabilities under analysis nor for similar instruments. An adjustment to an<br>input that is significant to the entire measurement can result in a fair value measurement classified within Level 3 of the fair value<br>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<br>by the market, we model interest rate of returns for them based on a Base Yield 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. 
149

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<br> 1 Level<br> 2 Level<br> 3 Total
June December June December June December June December
2025 2024 2025 2024 2025 2024 2025 2024
MCh MCh MCh MCh MCh MCh MCh MCh
Financial Assets
Financial Assets held for trading at fair value through<br> profit or loss
Financial Derivative contracts:
Forwards
Swaps
Call Options
Put Options
Futures
Subtotal
Debt<br> Financial Instruments:
From the Chilean<br> Government and Central Bank
Other debt<br> financial instruments issued in Chile
Financial<br> debt instruments issued Abroad
Subtotal
Others
Subtotal
Financial<br> Assets at fair value through Other Comprehensive Income
Debt<br> Financial Instruments: (1)
From the Chilean<br> Government and Central Bank
Other debt<br> financial instruments issued in Chile
Financial<br> debt instruments issued Abroad
Subtotal
Financial<br> Derivative contracts for hedging purposes
Forwards
Swaps
Call Options
Put Options
Futures
Subtotal
Total
Financial<br> Liabilities
Financial<br> liabilities held for trading at fair value through profit or loss:
Financial<br> Derivative contracts:
Forwards
Swaps
Call Options
Put Options
Futures
Subtotal
Others
Financial<br> derivative contracts for hedging purposes
Forwards
Swaps
Call Options
Put Options
Futures
Subtotal
Total

All values are in US Dollars.

(1) As of June 30, 2025, 100% of instruments of Level 3 have denomination “Investment Grade”.<br>Also, 100% of total of these financial instruments correspond to domestic issuers. 
150

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:

June 2025
Balance as of January 1, 2025 Gain (Loss) Recognized in Income (1) Gain (Loss) Recognized in Equity (2) Purchases Sales Transfer from Level 1 and 2 Transfer to Level 1 and 2 Balance as of June 30, 2025
MCh MCh MCh MCh MCh MCh MCh MCh
Financial Assets held for trading at fair value through profit or loss
Debt Financial Instruments:
Other debt financial instruments issued in Chile ) )
Subtotal ) )
Financial Assets at fair value through Other Comprehensive Income
Debt Financial Instruments:
Other debt financial instruments issued in Chile ) )
Subtotal ) )
Total ) )

All values are in US Dollars.

December 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<br> and 2 Transfer to <br>Level 1<br> and 2 Balance as of<br> December 31, <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 )
Subtotal )
Financial Assets at fair value through Other Comprehensive Income
Debt Financial Instruments:
Other debt financial instruments issued in Chile ) )
Subtotal ) )
Total ) )

All values are in US Dollars.

(1) Recorded in income under item “Net Financial income<br>(expense)”.
(2) Recorded in equity under item “Accumulated other comprehensive<br>income”.
--- --- 
151

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 June 30, 2025 As of December 31, 2024
Level 3 Sensitivity to changes in key assumptions of models Level 3 Sensitivity to changes in key assumptions of models
MCh MCh MCh MCh
Financial Assets held for trading at fair value through profit or loss
Debt Financial Instruments:
Other debt financial instruments issued in Chile )
Subtotal )
Financial Assets at fair value through Other Comprehensive Income
Debt Financial Instruments:
Other debt financial instruments issued in Chile ) )
Subtotal ) )
Total ) )

All values are in US Dollars.

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.

152

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
June December June December
2025 2024 2025 2024
MCh MCh MCh MCh
Assets
Cash and due from banks
Transactions in the course of collection
Subtotal
Financial assets at amortized cost:
Rights from resale agreements and securities lending
Debt financial instruments
Loans and advances to Banks:
Domestic banks
Central Bank of Chile
Foreign banks
Subtotal
Loans to customers, net:
Commercial loans
Residential mortgage loans
Consumer loans
Subtotal
Total
Liabilities
Transactions in the course of payment
Financial liabilities at amortized cost:
Current accounts and other demand deposits
Saving accounts and time deposits
Obligations by repurchase agreements and securities lending
Borrowings from financial institutions
Debt financial instruments issued:
Letters of credit for residential purposes
Letters of credit for general purposes
Bonds
Other financial obligations
Subtotal
Financial instruments of regulatory capital issued:
Subordinate bonds
Total

All values are in US Dollars.

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.

153

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 June 30, 2025 and December 31, 2024:

Level<br> 1 estimated<br> fair value Level<br> 2 estimated<br> fair value Level<br> 3 estimated<br> fair value Total estimated<br> fair value
June December June December June December June December
2025 2024 2025 2024 2025 2024 2025 2024
MCh MCh MCh MCh MCh MCh MCh MCh
Assets
Cash<br> and due from banks
Transactions<br> in the course of collection
Subtotal
Financial<br> assets at amortized cost:
Rights from<br> resale agreements and securities lending
Debt financial<br> instruments
Loans and<br> advances to Banks:
Domestic banks
Central Bank<br> of Chile
Foreign<br> banks
Subtotal
Loans to customers,<br> net:
Commercial loans
Residential<br> mortgage loans
Consumer<br> loans
Subtotal
Total
Liabilities
Transactions<br> in the course of payment
Financial<br> liabilities at amortized cost:
Current accounts<br> and other demand deposits
Saving accounts<br> and time deposits
Obligations<br> by repurchase agreements and securities lending
Borrowings<br> from financial institutions
Debt financial<br> instruments issued:
Letters of<br> credit for residential purposes
Letters of<br> credit for general purposes
Bonds
Other<br> financial obligations
Subtotal
Financial<br> instruments of regulatory capital issued:
Subordinate<br> bonds
Total

All values are in US Dollars.

154

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 Advances to foreign banks: Fair value is determined by using the discounted cash<br>flow model and internally generated discount rates, based on internal transfer rates derived from our internal transfer price process.<br>Once the present value is determined, we deduct the related loan loss allowances in order to incorporate the credit risk associated with<br>each contract or loan. As we use internally generated parameters for valuation purposes, we categorize these instruments in Level 3.
--- ---
● Debt financial instruments at amortized cost: The fair value is calculated with the methodology of the<br>Stock Exchange, using the IRR observed in the market. Because the instruments that are in this category correspond to Treasury Bonds that<br>are Benchmark, they are classified in Level 1.
--- ---
● Letters of Credit and Bonds: In order to determine the present value of contractual cash flows, we apply<br>the discounted cash flow model by using market interest rates that are available in the market, either for the instruments under valuation<br>or instruments with similar features that fit valuation needs in terms of currency, maturities and liquidity. The market interest rates<br>are obtained from third party price providers widely used by the market. As a result of the valuation technique and the quality of inputs<br>(observable) used for valuation, we categorize these financial liabilities in Level 2.
--- ---
● Saving Accounts, Time Deposits, Borrowings from Financial Institutions (including the Central Bank of<br>Chile), Subordinated Bonds and Other borrowings financial: The discounted cash flow model is used to obtain the present value of committed<br>cash flows by applying a bucket approach and average adjusted discount rates that derived from both market rates for instruments with<br>similar features and our internal transfer price process. As we use internally generated parameters and/or apply significant judgmental<br>analysis for valuation purposes, we categorize these financial liabilities in Level 3.
--- --- 
155

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

45. Maturity according to their remaining Terms of Financial<br>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 June 30, 2025 and December 31, 2024. As these are for trading and Financial instrument at fair value through other comprehensive income are included at their fair value:

June<br> 2025
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 5<br> years Subtotal<br> over 1 year Total
MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh
Assets
Cash<br> and due from banks
Transactions<br> in the course of collection
Financial<br> assets held for trading at fair value through profit or loss:
Derivative<br> contracts financial
Debt financial<br> instruments
Others
Financial<br> assets at fair value through other comprehensive income
Derivative<br> contracts financial for hedging purposes
Financial<br> assets at amortized cost:
Rights from<br> resale agreements and securities lending
Debt financial<br> instruments (*)
Loans and<br> advances to Banks (**)
Loans<br> to customers, net (**)
Total<br> financial assets

All values are in US Dollars.

(*) These balances are presented without deduction of impairment,<br>which amount to Ch$19 million.
(**) These balances are presented without deduction of their respective<br>provisions, which amount to Ch$824,590 million for loans to customers and Ch$573 million for borrowings from financial institutions.
--- --- 
156

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

45. Maturity according to their remaining Terms of FinancialAssets and Liabilities, continued:
June<br> 2025
--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
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 5<br> 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
Financial<br> liabilities held for trading at fair value through profit or loss:
Derivative<br> contracts financial
Others
Derivative<br> contracts financial for hedging purposes
Financial<br> liabilities at amortized cost:
Current accounts<br> and other demand deposits
Saving accounts<br> and time deposits (***)
Obligations<br> by repurchase agreements and securities lending
Borrowings<br> from financial institutions
Debt financial<br> instruments issued:
Letters of credit
Bonds
Other financial<br> obligations
Lease liabilities
Financial<br> instruments of regulatory capital issued
Total<br> financial liabilities
Mismatch ) ) ) )

All values are in US Dollars.

(***) Excludes term saving accounts, which amount to Ch$398,483<br>million. 
157

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

45. Maturity according to their remaining Terms of FinancialAssets and Liabilities, continued:
December<br> 2024
Demand Up to<br> 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 5<br> years Subtotal<br> over 1 year Total
Assets MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh
Cash and due<br> from banks
Transactions in the course<br> of collection
Financial assets held for<br> trading at fair value through profit or loss:
Derivative contracts financial
Debt financial instruments
Others
Financial assets at fair<br> value through other comprehensive income
Derivative contracts financial<br> for hedging purposes
Financial assets at amortized<br> cost:
Rights from resale agreements<br> and securities lending
Debt financial instruments<br> (*)
Loans and advances to Banks<br> (**)
Loans<br> to customers, net (**)
Total<br> financial assets

All values are in US Dollars.

(*) These balances are presented without deduction of impairment,<br>which amount to Ch$35 million.
(**) These balances are presented without deduction of their respective<br>provisions, which amount to Ch$786,084 million for loans to customers and Ch$888 million for borrowings from financial institutions.
--- --- 
158

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

45. Maturity according to their remaining Terms of FinancialAssets and Liabilities, continued:
December<br> 2024
--- --- --- --- --- --- --- --- --- --- --- --- --- ---
Demand Up to<br> 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 5<br> 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
Financial liabilities held<br> for trading at fair value through profit or loss:
Derivative contracts financial
Others
Derivative contracts financial<br> for hedging purposes
Financial liabilities at<br> amortized cost:
Current accounts and other<br> demand deposits
Saving accounts and time deposits<br> (***)
Obligations by repurchase<br> agreements and securities lending
Borrowings from financial<br> institutions
Debt financial instruments<br> issued:
Letters of credit
Bonds
Other financial obligations
Lease liabilities
Financial<br> instruments of regulatory capital issued
Total<br> financial liabilities
Mismatch ) ) )

All values are in US Dollars.

(***) Excludes term saving accounts, which amount to Ch$374,593<br>million. 
159

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

46. Financial and Non-Financial Assets and Liabilities by Currency:
As of June 30, 2025 CLP CLF FX Indexation COP CHF CNY Others TOTAL
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh
Assets
Financial assets
Non-Financial assets
Total Assets
Liabilities
Financial liabilities
Non-Financial liabilities
Total Liabilities
Mismatch of Financial Assets and Liabilities (*) ) ) ) ) ) )

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.
As of December 31, 2024 CLP CLF FX Indexation COP CHF CNY Others TOTAL
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh
Assets
Financial assets
Non-Financial assets
Total Assets
Liabilities
Financial liabilities
Non-Financial liabilities
Total Liabilities
Mismatch of Financial Assets and Liabilities (*) ) ) ) ) ) )

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. 
160

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 all levels of the Organization, with a Corporate Governance structure that recognizes the relevance of the different risk areas that exist.

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

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

161

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47. Risk Management and Report, continued:

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.

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

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

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

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

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

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<br>of credits from all of the Bank’s customer segments, with differentiated management in accordance with institutional policies.

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

- Risk Management Monitoring, Reporting and Control:<br>is responsible for managing and reporting credit risk, especially through monitoring the main portfolio indicators and in-depth analysis<br>of situations and scenarios of special attention, timely detecting problems that may affect certain products, debtors or sectors, with<br>the aim of minimizing the risk assumed and anticipating situations that could lead to credit losses. 
162

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47. Risk Management and Report, continued:

Likewise, it provides information to the different government bodies and areas involved in 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.

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

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

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

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

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

163

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47. Risk Management and Report, continued:

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

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

Committees of Directors and Bank Administration

(i) Finance, International and Financial Risk Committee

In general terms, the objectives of this committee are to monitor and continuously review the liquidity status and, trends in the most important financial positions, as well as 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 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.

164

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; ensures compliance with the current regulatory framework, in matters that are limited to Operational Risk; become aware of the main frauds, incidents, events and their root causes, impacts and corrective measures accordingly; ensure the long-term solvency of the Organization (business continuity plans, informations security and cybersecurity, controls, among others), avoiding risk factors that may jeopardize the continuity of the Bank. To decide about new products and services, and to verify the consistency of the operational risk management policies, business continuation, information security and cyber security across the bank’s subsidiaries, monitors their compliance, and reviews operational risk management at subsidiaries; become aware of the level of risk to which the bank is exposed in its outsourced services, sanction the selection of the model to carry out stress tests and scenario selection methodologies and evaluate the results, among others.

165

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

166

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,<br>complexity or indebtedness, requires a more detailed level of knowledge and a case-by-case analysis. Each debtor is assigned one of the<br>16 risk categories defined by the CMF, in order to establish the provisions in a timely and appropriate manner. The review of the portfolio<br>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<br>are carried out monthly through statistical models that allow estimating the level of provisions necessary to cover the portfolio risk;<br>in the case of commercial and mortgage portfolios, these results are contrasted with the standard models provided by the regulator, with<br>the resulting provision being the largest between both methods. The consistency analysis of the models is carried out through an independent<br>validation of the unit that develops them and, subsequently, through the analysis of retrospective tests that allow to compare the real<br>losses with the expected ones. In March 2024, the CMF issued the regulations that establish the Standardized Methodology for computing<br>Provisions for Consumer Loans, whose provisions began to apply from the accounting closing of January 2025.
--- ---

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.

167

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47. Risk Management 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.

In this context, in January 2025, the Bank released additional provisions in response to the impact of the regulatory implementation of the standard consumer matrix.

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, that makes 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 allowing it to constantly monitor the performance of different indicators and to implement timely corrective actions, in case those are needed. The result of these activities is part of the annual self-assessment report of effective equity approved by the Board of Directors and reported to the CMF.

168

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47. Risk Management and Report, continued:
(2) Credit Risk:
--- ---

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.

Throughout 2025, identifying risks associated with climate change continues, including the development of heat maps for the individual portfolio, linked to exposure to Physical and Transition Risks. Additionally, in line with the regulatory provisions set forth in General Rule NCG 519, the Bank is advancing in various areas in preparation for its upcoming implementation.

169

NOTES TO 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 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, it corresponds to analyze the generation<br>of flows and solvency of the client to meet their 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 permanent and robust portfolio tracking processes, through procedures and systems that alert both<br>the potential signs of impairment of clients, with respect to the conditions of origin, and also the possible business opportunities with<br>those that present a better payments quality and behavior.
--- ---
3. To develop credit risk modeling guidelines, in regulatory aspects and management, for efficient decision-making<br>at different stages of the credit process.
--- ---
4. Have a collection structure with timely, agile and effective processes that allow management to be carried<br>out in accordance with the different types of clients and the types of breaches that arise, always in strict adherence to the regulatory<br>framework and the Bank’s reputational definitions.
--- ---
5. Maintain an efficient administration in work teams organization,<br>tools and availability of information that allow an optimal credit risk management.
--- ---

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 credit attribution to approve each operation. These evaluations, for natural persons without a business line and clients in the SME segment, take into consideration the level of indebtedness, the payment capacity and the maximum acceptable exposure for the 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.

170

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47. Risk Management and Report, continued:

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

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

(b) Follow 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. Portfolio monitoring allows the bank to act proactively if signs of overall impairment are detected or if the debtor’s ability to meet its obligations is affected.

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

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

171

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47. Risk Management and Report, continued:
(c) Recovery 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.

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

172

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47. Risk Management and Report, continued:
(d) Portfolio Concentration:
--- ---

The maximum exposure to credit risk, by client or counterparty, without taking into account guarantees or other credit enhancements as of June 30, 2025 and December 31, 2024, does not exceed 10% of the Bank’s effective equity.

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

Chile United States England Brazil Others Total
MCh MCh MCh MCh MCh MCh
Financial Assets
Cash and Due from Banks
Financial assets held for trading at fair value through profit or loss:
Derivative contracts financial
Forwards (*)
Swaps (**)
Call Options
Put Options
Futures
Subtotal
Debt Financial Instruments
From the Chilean Government and Central Bank
Other debt financial instruments issued in Chile
Financial debt instruments issued Abroad
Subtotal
Others Financial Instruments
Investments in mutual funds
Equity instruments
Others
Subtotal
Financial Assets at fair value through other comprehensive income:
Debt Financial Instruments
From the Chilean Government and Central Bank
Other debt financial instruments issued in Chile
Financial debt instruments issued Abroad
Subtotal
Derivative contracts financial for hedging purposes
Forwards
Swaps
Call Options
Put Options
Futures
Subtotal
Financial assets at amortized cost:
Rights from resale agreements and securities lending
Debt Financial Instruments
From the Chilean Government and Central Bank
Subtotal
Loans and advances to Banks
Central Bank of Chile
Domestic banks
Foreign Banks (***)
Subtotal
Loans to Customers, Net
Commercial loans
Residential mortgage loans
Consumer loans
Subtotal

All values are in US Dollars.

(*) Others includes: France Ch$27,560 million, Switzerland Ch$688<br>and Belgium Ch$28 million.
(**) Others includes: France Ch$31,563 million, Spain Ch$24,027<br>million and Canada Ch$58,775 million.
--- ---
(***) Others includes: China Ch$19,040 million, South Korea Ch$3.146<br>and Hong Kong Ch$2,479 million.
--- --- 
173

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47. Risk Management and Report, continued:
Central Bank of Chile Government Retail (Individuals) Financial Services Trade Manufacturing Mining Electricity, Gas and Water Agriculture and Livestock Fishing Transportation and Telecom Construction Services Others Total
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh
Cash and Due from Banks 860,020 — — 1,789,753 — — — — — — — — — — 2,649,773
Financial Assets held for trading at fair value through profit or loss:
Derivative contracts Financial
Forwards
Swaps
Call Options
Put Options
Futures
Subtotal
Debt Financial Instruments
From the Chilean Government and Central Bank
Other debt financial instruments issued in Chile
Financial debt instruments issued Abroad
Subtotal
Others Financial Instruments
Investments in mutual funds
Equity instruments
Others
Subtotal
Financial Assets at fair value through Other Comprehensive Income
Debt Financial Instruments
From the Chilean Government and Central Bank
Other debt financial instruments issued in Chile
Financial debt instruments issued Abroad
Subtotal
Financial Derivative contracts for hedging purposes
Forwards
Swaps
Call Options
Put Options
Futures
Subtotal
Financial assets at amortized cost (*)
Rights from resale agreements
Debt financial instruments
From the Chilean Government and Central Bank
Subtotal
Loans and advances to Banks
Central Bank of Chile
Domestic banks
Foreign banks
Subtotal

All values are in US Dollars.

(*) Economic activity of Loans and accounts receivable from customers<br>disclosed in Note No. 13 letter (g). 
174

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47. Risk Management and Report, continued:

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

Chile United States England Brazil Others Total
MCh MCh MCh MCh MCh MCh
Financial Assets
Cash and Due from Banks
Financial assets held for trading at fair value through profit or loss:
Derivative contracts financial
Forwards (*)
Swaps (**)
Call Options
Put Options
Futures
Subtotal
Debt Financial Instruments
From the Chilean Government and Central Bank
Other debt financial instruments issued in Chile
Financial debt instruments issued Abroad
Subtotal
Others Financial Instruments
Investments in mutual funds
Equity instruments
Others
Subtotal
Financial Assets at fair value through other comprehensive income:
Debt Financial Instruments
From the Chilean Government and Central Bank
Other debt financial instruments issued in Chile
Financial debt instruments issued Abroad
Subtotal
Derivative contracts financial for hedging purposes
Forwards
Swaps
Call Options
Put Options
Futures
Subtotal
Financial assets at amortized cost:
Rights from resale agreements and securities lending
Debt Financial Instruments
From the Chilean Government and Central Bank
Subtotal
Loans and advances to Banks
Central Bank of Chile
Domestic banks
Foreign Banks (***)
Subtotal
Loans to Customers, Net
Commercial loans
Residential mortgage loans
Consumer loans
Subtotal

All values are in US Dollars.

(*) Others includes: France Ch$28,892 million and Spain Ch$2,313<br>million.
(**) Others includes: France Ch$43,194 million, Spain Ch$31,437<br>million and Canada Ch$92,761 million.
--- ---
(***) Others includes: China Ch$32,260 million and Netherlands<br>Ch$26,931 million.
--- --- 
175

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47. Risk Management and Report, continued:
Central Bank of Chile Government Retail (Individuals) Financial Services Trade Manufacturing Mining Electricity, Gas  and Water Agriculture and Livestock Fishing Transportation and Telecom Construction Services Others Total
MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh
Cash and Due from Banks
Financial Assets held for trading at fair value through profit or loss:
Derivative contracts Financial
Forwards
Swaps
Call Options
Put Options
Futures
Subtotal
Debt Financial Instruments
From the Chilean Government and Central Bank
Other debt financial instruments issued in Chile
Financial debt instruments issued Abroad
Subtotal
Others Financial Instruments
Investments in mutual funds
Equity instruments
Others
Subtotal
Financial Assets at fair value through Other Comprehensive Income
Debt Financial Instruments
From the Chilean Government and Central Bank
Other debt financial instruments issued in Chile
Financial debt instruments issued Abroad
Subtotal
Financial Derivative contracts for hedging purposes
Forwards
Swaps
Call Options
Put Options
Futures
Subtotal
Financial assets at amortized cost (*)
Rights from resale agreements
Debt financial instruments
From the Chilean Government and Central Bank
Subtotal
Loans and advances to Banks
Central Bank of Chile
Domestic banks
Foreign banks
Subtotal

All values are in US Dollars.

(*) Economic activity of Loans and accounts receivable from customers<br>disclosed in Note No. 13 letter (g). 
176

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47. Risk Management and Report, continued:
(e) Collaterals 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 commercial loans: Residential and non-residential real<br>estate, liens and inventory.
● For retail loans: Mortgage loans on residential property.
--- ---

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

Management makes sure its collateral is acceptable according to both external standards and internal policies guidelines and parameters. The Bank has approximately 254,346 collateral assets as of June 30, 2025 (248,807 in December 2024), the majority of which consist of real estate. The following table contains guarantees value:

Guarantee
June 2025 Loans Mortgages Pledges Securities Warrants Total
MCh MCh MCh MCh MCh MCh
Corporate Lending
Small Business Lending
Consumer Lending
Mortgage Lending
Total

All values are in US Dollars.

Guarantee
December 2024 Loans Mortgages Pledges Securities Warrants Total
MCh MCh MCh MCh MCh MCh
Corporate Lending
Small Business Lending
Consumer Lending
Mortgage Lending
Total

All values are in US Dollars.

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

● Accelerating transactions and net payment using market values at the date of default of one of the parties.
● Option for both parties to terminate early any transactions with a counterparty at a given date, using<br>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.

177

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

47. Risk Management and Report, continued:
(e) 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 June 30, 2025 and December 31, 2024 amounted Ch$181,331 million and Ch$183,021 million, respectively.

The value guarantees related to past due loans but no impaired as of June 30, 2025 and December 31, 2024 amounted Ch$533,995 million and Ch$521,142 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
June 2025
December 2024

All values are in US Dollars.

(*) 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$30,350 million and Ch$32,929 million as of June 30, 2025 and December 31, 2024, respectively, the majority of which are properties. All of these assets are managed for sale.

178

NOTES TO 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:

June December
2025 2024
Financial Assets MCh MCh
Loans and advances to banks
Central Bank of Chile
Domestic banks
Foreign banks
Subtotal
Loans to customers, net
Commercial loans
Residential mortgage loans
Consumer loans
Subtotal
Total renegotiated financial assets

All values are in US Dollars.

(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:

June 2025 December 2024
MCh MCh
Total related debt
Consolidated Total or Regulatory Capital
Limit used % % %

All values are in US Dollars.

179

NOTES TO 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.

a) 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.

180

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

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

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

MAR LCCY + FCCY BCh MAR FCCY MUS
1 - 30 days 1 - 90 days
Maximum 4,874 Maximum 1,007
Minimum 3,425 Minimum (71 )
Average 4,008 Average 585

All values are in US Dollars.

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 2025 is illustrated below:

Cross Currency Funding MUS
Maximum
Minimum
Average

All values are in US Dollars.

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

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

Funding Financial Counterparties / Assets Deposits/<br> <br>Loans
Maximum 38 % 65 %
Minimum 36 % 61 %
Average 37 % 63 % 
181

NOTES TO 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 2025 is illustrated below:

Adjusted C46 CCY and FCCY<br> <br>as part of Basic Capital Adjusted C46 FCCY<br> <br>as part of Basic Capital
1 - 30 days 1 - 90 days 1 - 30 days
Maximum 0.21 0.20 0.24
Minimum (0.04 ) (0.05 ) 0.08
Average 0.09 0.06 0.18
Regulatory Limit N/A N/A 1.0 
182

NOTES TO 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 JUNE 30, 2025 CONTRACTUAL BASIS

Values in MCh$

CONSOLIDATED CURRENCY From 0 to 7 <br><br>days From 0 to 15 <br><br>days From 0 to 30 <br><br>days From 0 to 90 <br><br>days
Cash flow receivable (assets) and income 8,650,140 11,803,406 12,965,336 16,283,382
Cash flow payable (liabilities) and expenses 19,280,309 21,721,768 25,361,510 29,362,259
Liquidity Gap 10,630,169 9,918,362 12,396,174 13,078,877
FOREIGN CURRENCY From 0 to 7 <br><br>days From 0 to 15 <br><br>days From 0 to 30 <br><br>days From 0 to 90 <br><br>days
--- --- --- --- --- --- --- --- ---
Cash flow receivable (assets) and income 1,543,171 2,052,303 2,015,706 2,524,640
Cash flow payable (liabilities) and expenses 2,534,683 2,894,795 3,246,430 3,851,218
Liquidity Gap 991,512 842,492 1,230,724 1,326,578
Limits:
One time capital 5,436,670
AVAILABLE MARGIN (*) 4,205,946
* In the limit up to 30 days, in consolidated currency, the<br>Bank has a liquidity situation of Ch$4,205,946,679,142.
--- ---

QUARTERLY STATEMENT OF INDIVIDUAL LIQUIDITY SITUATION

AS OF JUNE 30, 2025 ADJUSTED BASIS

Values in MCh$

CONSOLIDATED CURRENCY From 0 to 7 <br><br>days From 0 to 15 <br><br>days From 0 to 30 <br><br>days From 0 to 90 <br><br>days
Cash flow receivable (assets) and income 8,278,344 11,012,553 11,639,543 13,842,729
Cash flow payable (liabilities) and expenses 9,120,854 10,106,725 11,630,795 14,071,205
Liquidity Gap 842,510 (905,828 ) (8,748 ) 228,476
FOREIGN CURRENCY From 0 to 7 <br><br>days From 0 to 15 <br><br>days From 0 to 30 <br><br>days From 0 to 90 <br><br>days
--- --- --- --- --- --- --- --- ---
Cash flow receivable (assets) and income 1,402,013 1,746,398 1,580,045 1,685,847
Cash flow payable (liabilities) and expenses 1,554,215 1,802,486 2,034,178 2,554,165
Liquidity Gap 152,202 56,088 454,133 868,318
Limits:
One time capital 5,436,670
AVAILABLE MARGIN (*) 4,982,537
* In the limit up to 30 days, in consolidated currency, the<br>Bank has a liquidity situation of Ch$4,982,536,029,388.
--- --- 
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QUARTERLY STATEMENT OF CONSOLIDATED LIQUIDITY SITUATION

AS OF JUNE 30, 2025 CONTRACTUAL BASIS

Values in MCh$

CONSOLIDATED CURRENCY From 0 to 7 <br><br>days From 0 to 15 <br><br>days From 0 to 30 <br><br>days From 0 to 90 <br><br>days
Cash flow receivable (assets) and income 9,430,504 12,585,281 13,748,415 17,107,729
Cash flow payable (liabilities) and expenses 19,916,708 22,366,825 26,008,496 30,009,245
Liquidity Gap 10,486,204 9,781,544 12,260,081 12,901,516
FOREIGN CURRENCY From 0 to 7 <br><br>days From 0 to 15 <br><br>days From 0 to 30 <br><br>days From 0 to 90 <br><br>days
--- --- --- --- --- --- --- --- ---
Cash flow receivable (assets) and income 1,543,233 2,052,366 2,015,770 2,524,703
Cash flow payable (liabilities) and expenses 2,534,683 2,894,795 3,246,430 3,851,218
Liquidity Gap 991,450 842,429 1,230,660 1,326,515
Limits:
One time capital 5,436,670
AVAILABLE MARGIN (*) 4,206,010
* In the limit up to 30 days, in consolidated currency, the<br>Bank has a liquidity situation of Ch$4,206,009,811,471.
--- ---

QUARTERLY STATEMENT OF CONSOLIDATED LIQUIDITY SITUATION

AS OF JUNE 30, 2025 ADJUSTED BASIS

Values in MCh$

CONSOLIDATED CURRENCY From 0 to 7 <br><br>days From 0 to 15 <br><br>days From 0 to 30 <br><br>days From 0 to 90 <br><br>days
Cash flow receivable (assets) and income 9,058,708 11,794,428 12,422,622 14,667,076
Cash flow payable (liabilities) and expenses 9,757,253 10,751,783 12,277,782 14,718,192
Liquidity Gap 698,545 (1,042,645 ) (144,840 ) 51,116
FOREIGN CURRENCY From 0 to 7 <br><br>days From 0 to 15 <br><br>days From 0 to 30 <br><br>days From 0 to 90 <br><br>days
--- --- --- --- --- --- --- --- ---
Cash flow receivable (assets) and income 1,402,076 1,746,461 1,580,108 1,685,911
Cash flow payable (liabilities) and expenses 1,554,215 1,802,486 2,034,178 2,554,165
Liquidity Gap 152,139 56,025 454,070 868,254
Limits:
One time capital 5,436,670
AVAILABLE MARGIN (*) 4,982,600
* In the limit up to 30 days, in consolidated currency, the<br>Bank has a liquidity situation of Ch$4,982,599,161,710.
--- --- 
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Liquid Assets Consolidated Balance Statement as of June 30, 2025, values in BCh$

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

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

LCR NSFR
Maximum 2.08 1.22
Minimum 1.86 1.17
Average 1.97 1.19
Regulatory Limit 1.00 0.9 (*)
(*) By transitory disposition of the Central Bank of Chile, in<br>Chapter III.B.2.1 of the Compendium of Accounting Standards for Banks, this limit will gradually increase until reaching 1.0 in January<br>2026.
--- --- 
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The contractual maturity profile of the financial liabilities of Banco de Chile and its subsidiaries (consolidated basis), to June 2025 and December 2024, is as follows:

Up to 1 month 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years Over 5 years Total
MCh MCh MCh MCh MCh MCh MCh
Liabilities as of June 30, 2025
Transactions in the course of payment
Full delivery derivative transactions
Financial liabilities at amortized cost:
Current accounts and other demand deposits
Saving accounts and time deposits
Obligations by repurchase agreements and securities lending
Borrowings from financial institutions
Debt financial instruments issued (all currencies)
Other financial obligations
Financial instruments of regulatory capital issued (subordinated bonds)
Total (excluding non-delivery derivative transactions)
Non-delivery derivative transactions

All values are in US Dollars.

Up to 1 month 1 to 3 months 3 to 12 months 1 to 3 years 3 to 5 years Over 5 years Total
MCh MCh MCh MCh MCh MCh MCh
Liabilities as of December 31, 2024
Transactions in the course of payment
Full delivery derivative transactions
Financial liabilities at amortized cost:
Current accounts and other demand deposits
Saving accounts and time deposits
Obligations by repurchase agreements and securities lending
Borrowings from financial institutions
Debt financial instruments issued (all currencies)
Other financial obligations
Financial instruments of regulatory capital issued (subordinated bonds)
Total (excluding non-delivery derivative transactions)
Non-delivery derivative transactions

All values are in US Dollars.

186

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(3) Market Risk, continued:
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(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 2025 is illustrated below:

Value-at-Risk 99%<br> one-day confidence<br> level MCh
Maximum
Minimum
Average

All values are in US Dollars.

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

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(3) Market Risk, continued:
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(b) Price Risk, continued:
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The use of EaR within the year 2025 is illustrated below:

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

All values are in US Dollars.

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.

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(3) Market Risk, continued:
--- ---
(b) Price Risk, continued:
--- ---
Up to 1 month 1 to 3<br> months 3 to 12<br> months 1 to 3<br> years 3 to 5<br> years Over 5 years Total
--- --- --- --- --- --- --- ---
MCh MCh MCh MCh MCh MCh MCh
Assets as of June 30, 2025
Cash and due from banks
Transactions in the course of collection
Financial assets at fair value through other comprehensive income:
Debt financial instruments
Derivative financial instruments for hedging purposes
Financial assets at amortized cost:
Rights from resale agreements and securities lending
Debt financial instruments
Loans and advances to Banks
Loans to customers, net
Total Assets

All values are in US Dollars.

Up to 1 month 1 to 3<br> months 3 to 12<br> months 1 to 3<br> years 3 to 5<br> years Over 5 years Total
MCh MCh MCh MCh MCh MCh MCh
Assets as of December 31, 2024
Cash and due from banks
Transactions in the course of collection
Financial assets at fair value through other comprehensive income:
Debt financial instruments
Derivative financial instruments for hedging purposes
Financial assets at amortized cost:
Rights from resale agreements and securities lending
Debt financial instruments
Loans and advances to Banks
Loans to customers, net
Total Assets

All values are in US Dollars.

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(b) Price Risk, continued:
--- ---
Up to 1 month 1 to 3<br> months 3 to 12<br> months 1 to 3<br> years 3 to 5<br> years Over 5 years Total
--- --- --- --- --- --- --- ---
MCh MCh MCh MCh MCh MCh MCh
Liabilities as of June 30, 2025
Transactions in the course of payment
Derivative Financial Instruments for hedging purposes
Financial liabilities at amortized cost:
Current accounts and other demand deposits
Saving accounts and time deposits
Obligations by repurchase agreements and securities lending
Borrowings from financial institutions
Debt financial instruments issued (*)
Other financial obligation
Financial instruments of regulatory capital issued (subordinated bonds)
Total liabilities

All values are in US Dollars.

Up to 1 month 1 to 3<br> months 3 to 12<br> months 1 to 3<br> years 3 to 5<br> years Over 5 years Total
MCh MCh MCh MCh MCh MCh MCh
Liabilities as of December 31, 2024
Transactions in the course of payment
Derivative Financial Instruments for hedging purposes
Financial liabilities at amortized cost:
Current accounts and other demand deposits
Saving accounts and time deposits
Obligations by repurchase agreements and securities lending
Borrowings from financial institutions
Debt financial instruments issued (*)
Other financial obligation
Financial instruments of regulatory capital issued (subordinated bonds)
Total liabilities

All values are in US Dollars.

(*) 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. 
190

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

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(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 Fluctuations of 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 <br> On/Off Derivatives (bps)
Less than 1 year 32 83 143 51
Greater than 1 year 29 143 11 122 )

All values are in US Dollars.

bps = basis points.

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The worst impact on the Bank’s Trading Book as of June 30, 2025, 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 )
Derivatives )
Debt instruments )
CLF Interest Rate )
Derivatives
Debt instruments )
Interest rate offshore
SOFR/CAM interest rate spread
Total Interest rates )
Banking spread
Total FX and FX Options )
Total )

All values are in US Dollars.

The modeled scenario would generate losses in the Trading Book for Ch$15,557 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 June 30, 2025, which does not necessarily mean a net loss(gain) but a lower (greater) net income from funds generation (resulting net interest rate generation), is illustrated below:

Most<br>Adverse Stress Scenario 12-Month Revenue Banking Book (MCh)
Impact by Base Interest Rate shocks )
Impact due to Spreads Shocks )
Higher / (Lower) Net revenues )

All values are in US Dollars.

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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 Market Factors for Maximum Stress Scenario FVOCI Portfolio
**** CLP Bonds (bps) CLF Bonds (bps) Offshore SOFR Derivatives (bps) Spread SOFR/CAM Derivatives (bps) ****
Less than 1 year 230 282
Greater than 1 year 133 125 )

All values are in US Dollars.

bps = basis points

The worst impact on the Bank’s FVOCI portfolio as of June 30, 2025, as a result of the simulation process described above, is as follows:

Most Adverse Stress Scenario P&L Impact FVOCI portfolio (MCh)
CLP Debt Instrument )
CLF Debt Instrument )
Interest rate US SOFR )
Banking spread )
Corporative spread )
Total )

All values are in US Dollars.

The modeled for the FVTOCI Portfolio would generate potential impacts on equity accounts for Ch$111,261 million.

The main negative impact on the Trading Book would occur as a result of an increase in rates on debt instruments in CLP 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 inflation rates and a limited fall in nominal interest rates.

194

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(4) Other Information related to Financial Risks:
--- ---

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
June December June December June December June December June December
2025 2024 2025 2024 2025 2024 2025 2024 2025 2024
MCh MCh MCh MCh MCh MCh MCh MCh MCh MCh
Derivative financial assets ) ) ) ) ) )
Derivative financial liabilities ) ) ) ) ) )

All values are in US Dollars.

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

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

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

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

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(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 Management
− Process Assessment
--- ---
− Testing of Controls
--- ---
− Event Management
--- ---
− Loss Base Management
--- ---
− Profile and Risk Appetite Framework
--- ---
− Generation of Stress Test Models for Operational Risk
--- ---
− Supplier Management
--- ---
− Management Self-Assessment Matrix
--- ---
− Operational Risk Assessment for Projects
--- ---
− Subsidiary Control
--- --- 
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(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 June 30, 2025 and 2024:

June 2025 June 2024
Category Lost Gross MCh Recoveries MCh Lost Net MCh Lost Gross MCh Recoveries MCh Lost Net MCh
Internal fraud
External fraud ) )
Work practices and safety in the business position )
Customers, products and business practices
Damage to physical assets ) )
Business interruption and system failures ) )
Execution, delivery and process management ) )
Total ) )

All values are in US Dollars.

Cybersecurity

The Cybersecurity Engineering and Architecture Management is responsible for establishing and improving identity and access management, protecting data, ensuring regulatory compliance, and optimizing access controls through IAM technologies and cross-functional collaboration. The Technological Risk and Cyber Intelligence management is tasked with protecting and monitoring information assets, containing and eradicating threats, and managing cybersecurity incidents proactively and promptly in accordance with the threat landscape.

On the other hand, the Technology Risk and Cyber Intelligence Management aims to ensure the security and integration of technology, information security, and cybersecurity risks, preventing cybersecurity-related attacks. This management handles cyber intelligence requirements to support strategic decision-making and strengthen security and resilience against threats.

Finally, the Cybersecurity Management and Subsidiary Control is responsible for managing the cybersecurity strategy, processes, policies, and procedures through a comprehensive approach, supporting risk management as well as cybersecurity projects and budgeting.

198

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47. Risk Management and Report, continued:

To ensure compliance with objectives related to customer service delivery, the bank has a Business Continuity Management, which, through its Policy and Standard, establishes guidelines to manage, control, and administer recovery strategies in contingency situations. It maintains the crisis governance model and ensures the continuity of critical services and operations related to the payment chain through a resilient, comprehensive model that includes plans and controlled tests to reduce the impact of disruptive events that may affect the bank. Additionally, the role and responsibilities of the Information Security Officer (ISO) are defined, operating independently from the Cybersecurity Division. The ISO’s function is to design and implement controls by monitoring the tasks performed by the organizational units responsible for information security, cybersecurity, and technology risk within the Bank and its subsidiaries.

That is why Business Continuity has methodologies and controls that contribute to the application of the comprehensive model within the corporation, mainly represented in the following management areas:

− Document Management: It consists of carrying out methodological processes of updating the documentation<br>that supports Business Continuity in operational and technological areas, with the aim of keeping the strategy implemented in the Bank<br>up to date and in accordance with the guidelines 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 in Physical Infrastructure, Massive Absence of<br>Personnel, Failure in Critical Supplier Service and Cybersecurity), allowing to maintain constant training and integration of critical<br>personnel operating the payment chain, under the defined contingency procedures that support the Bank’s critical products and services.
--- ---
− Crisis Management: Internal process of the Bank that maintains and trains the key executive roles<br>associated with the Crisis Groups in conjunction with the main recovery strategies and structures defined in the BCM model. In this way,<br>it constantly strengthens the different areas necessary for preparation, execution and monitoring, that will allow facing crisis events<br>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 for the Bank, associated with the risk<br>scenarios established in direct relation to the contracted service.
--- --- 
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47. Risk Management and Report, continued:

Business Continuity, 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 in the main work location. The objective is to<br>protect and maintain the technological and operational functionalities of the alternative sites, to reduce recovery times in case of crisis<br>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 established by the Bank in crisis environments<br>and Business Continuity Management. It also 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 of improving response in the delivery and<br>analysis of information in contingencies, complementing the managed processes of the BCM.
--- ---
− Training: 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 Business Continuity Model.
--- ---
− Cybersecurity Control: Design and implement independent controls by monitoring the tasks carried<br>out by the organizational units responsible for the Bank’s information security, cybersecurity and technological risk.
--- ---

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.

200

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

48. Information on Regulatory Capital and Capital Adequacy Ratios:

Requirements and Capital Management:

The main objectives of the Bank’s capital management are to ensure the adequacy and quality of its capital, at a consolidated level, based on the adequate management of the risks it faces in its operations, establishing sufficient capital levels, through the definition of internal objectives, that supports both the business strategy in both normal and stress scenarios in the short and medium term, thus ensuring compliance with regulatory requirements, coverage of its material risks, a solid credit classification and the generation of adequate capital clearances. During 2025, the Bank has met the required capital requirements and its internal sufficiency objectives.

As part of its Capital Management Policy, the Bank has established capital sufficiency alerts and limits approved by the Board of Directors, which are monitored by the governance structures that the Bank has established for these purposes, including the Capital Management Committee. During 2025, none of the internal alerts defined by the Bank were activated as part of the Capital Risk Appetite Framework. In this sense, the Bank manages capital based on its strategic objectives, its risk profile and its ability to generate cash flows, as well as the economic and business context in which it operates. If it requires strengthening its capital structure, the Bank may, among other options, propose to its shareholders meeting modifications to the dividend payment ratio, as well as issue basic capital, additional tier 1 capital or tier 2 capital instruments.

Capital Requirements

In accordance with the General Banking Law, the effective equity of a bank may not be less than 8% of its risk-weighted assets (RWA), net of required provisions. Additionally, it establishes that the Basic Capital may not be less than 4.5% of its APR or 3% of its total assets, net of required provisions. Regarding Tier 1 capital, corresponding to the sum of Basic Capital and Additional Tier 1 Capital, the latter in the form of bonds with no maturity date and preferred shares, it is established that it may not be less than 6% of their RWAs, net of required provisions. Likewise, banking entities must comply, as established by current regulations or regulators, with buffers and capital charges, such as the conservation buffer, the countercyclical buffer and capital charges by the systemically important buffer and/or Pillar 2.

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

On January 16, 2024, the Financial Market Commission (CMF) reported that, as a result of the supervision process, it resolved to apply additional capital requirements of Pillar 2 of 0.5% for Banco de Chile within an implementation period of four years. This charge must be constituted in a ratio of 25% no later than June 30, 2024. Likewise, this requirement must be recognized at least 56.3% with basic capital in proportion to the minimum legal requirements. On January 17, 2025 the CMF communicated that, as a result of the supervisory process, it decided to maintain the additional capital requirement for Pillar 2 in effect for Banco de Chile as of that date, equivalent to 0.13% of the APR, which is fully constituted as of June 30, 2025.

On April 1, 2025, the CMF reported the result of the annual review of the systemic importance rating for local banks, maintaining an additional basic capital charge of 1.25% of the APR for Banco de Chile, payable as of December 1, 2025 in accordance to the gradualness defined by the regulations, equivalent to 100% of said percentage.

It should be noted that the Basel III banking solvency standards still consider a series of transitory regulations. These measures include: i) the gradual adoption of requirements for systemic banks, ii) the gradual application of adjustments to regulatory capital, iii) gradualness to continue recognizing subordinated bonds issued by banking subsidiaries as effective equity, among other matters. It is important to mention that on December 1, 2024 the gradual adaption of the conservation buffer, reaching 2.5% of risk-weighted assets, which is fully constituted by Banco de Chile.

201

NOTES TO 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<br> <br>effective equity according to Basel III Local and Overall consolidated Local and Overall<br>consolidated
June-2025 Dec-2024
Item No. Item description Note MCh MCh
1 Total assets according to the statement of financial position
2 Non-consolidated investment in subsidiaries a
3 Assets discounted from regulatory capital, other than item 2 b
4 Derivative credit equivalents c
5 Contingent loans d
6 Assets generated by the intermediation of financial instruments e
7 = (1-2-3+4+5-6) Total assets for regulatory purposes
8.a Credit risk weighted assets, estimated according to the standard methodology (CRWA) f
8.b Credit risk weighted assets, estimated according to internal methodologies (CRWA) f
9 Market risk weighted assets (MRWA) h
10 Operational risk weighted assets (ORWA) g
11.a = (8.a/8.b+9+10) Risk-weighted assets (RWA)
11.b = (8.a/8.b+9+10) Risk-weighted assets, after application of the output floor (RWA)
12 Owner’s equity
13 Non-controlling interest i
14 Goodwill j
15 Excess minority investments k
16 = (12+13-14-15) Core Tier 1 Capital (CET1)
17 Additional deductions to core tier 1 capital, other than item 2 l
18 = (16-17-2) Core Tier 1 Capital (CET1)
19 Voluntary provisions (additional) imputed as additional Tier 1 capital (AT1) m
20 Subordinated bonds imputed as additional tier 1 capital (AT1) m
21 Preferred shares allocated to additional tier 1 capital (AT1)
22 Bonds without a fixed term of maturity imputed to additional tier 1 capital (AT1)
23 Discounts applied to AT1 l
24 = (19+20+21+22-23) Additional Tier 1 Capital (AT1)
25 = (18+24) Tier 1 Capital
26 Voluntary provisions (additional) imputed as Tier 2 capital (T2) n
27 Subordinated bonds imputed as Tier 2 capital (T2) n
28 = (26+27) Equivalent tier 2 capital (T2)
29 Discounts applied to T2 l
30 = (28-29) Tier 2 capital (T2)
31 = (25+30) Effective equity
32 Additional basic capital required for the constitution of the conservation buffer o
33 Additional basic capital required to set up the countercyclical buffer p
34 Additional basic capital required for banks qualified as systemic q
35 Additional capital required for the evaluation of the adequacy of effective equity (Pillar 2) r

All values are in US Dollars.

a) Corresponds the value of the investment in subsidiaries that<br>are not consolidated. Applies only in the local consolidation when the bank has foreign subsidiaries, subtracting totally its value in<br>assets and CET1.
b) Corresponds the value of the asset items that are subtracted<br>from the regulatory capital, in accordance with the paragraph(a) of title N°3 of chapter 21-30 of the RAN.
--- ---
c) Corresponds the credit equivalents of the derivative instruments,<br>in accordance with the paragraph (b) of title N°3 of chapter 21-30 of the RAN.
--- --- 
202

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

48. Information on Regulatory Capital and Capital Adequacy Ratios,continued:
d) Corresponds the contingent exposure according to the paragraph<br>c) of the title N°3 of chapter 21-30 of the RAN.
--- ---
e) Corresponds the intermediation of financial instrument assets in the name of the bank on behalf of third<br>parties that are consolidated as established in the paragraph d) of the title N°3 of chapter 21-30 of the RAN.
--- ---
f) Corresponds the estimated credit risk weighted assets according to the chapter 21-6 of RAN. If the bank<br>does not have the authorization to apply internal methodologies, needs to inform the field 8.b as zero.
--- ---
g) Corresponds the estimated market risk weighted assets according<br>to the chapter 21-7 of the RAN.
--- ---
h) Corresponds the estimated operational risk weighted assets according<br>to the chapter 21-8 of the RAN.
--- ---
i) Corresponds to the non-controlling interest, depending on the<br>level of consolidation, up to 20% of the owners’ assets.
--- ---
j) Assets that correspond to goodwill.
--- ---
k) Corresponds to the balances of investment assets in non-business support companies that do not participate<br>in the consolidation, above 5% of the owners’ equity.
--- ---
l) In the case of CET1 and T2, banks must estimate the equivalent value for each tier of capital, as well<br>as that obtained by fully applying Chapter 21-1 of the RAN. Then, the difference between the equivalent value and the fully applied value<br>must be weighted by the discount factor in force on the reporting date according to the transitional provisions of Chapter 21-1 of the<br>RAN, and reported in this row. In the case of the AT1, the discounts apply directly if they exist
--- ---
m) Provisions and subordinated bonds allocated to additional capital<br>tier 1 (AT1), as established in Chapter 21-2 of the RAN.
--- ---
n) Provisions and subordinated bonds attributed to the equivalent<br>definition of tier 2 capital (T2), as established in Chapter 21-1 of the RAN.
--- ---
o) Corresponds to the additional basic capital (CET1) for the constitution<br>of the conservation buffer, as established in Chapter 21-12 of the RAN.
--- ---
p) Corresponds to the additional basic capital (CET1) for the constitution<br>of the counter-cyclical buffer, as established in Chapter 21-12 of the RAN.
--- ---
q) Corresponds to the additional basic capital (CET1) for banks<br>qualified as systemic, as established in Chapter 21-11 of the RAN.
--- ---
r) Corresponds to the additional capital for the evaluation of the sufficiency of the effective equity (Pillar<br>2) of the bank, as established in Chapter 21-13 of the RAN.
--- --- 
203

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

48. Information on Regulatory Capital and Capital Adequacy Ratios, continued:
Local and Overall Local and Overall
--- --- --- --- --- --- --- --- ---
Capital Adequacy Ratios and Regulatory Compliance according to Basel III consolidated<br><br> June-2025 consolidated<br><br> December-2024
Item<br> No. Item<br> description (*) Note % %
1 Leverage<br> Ratio (T1 I18/T1 I7) 9.84 % 10.26 %
1.a Leverage<br> Ratio that the bank must meet, considering the minimum requirements a 3 % 3 %
2 CET<br> 1 Capital Ratio (T1 I18/T1 I11.b) 14.00 % 14.37 %
2.a CET<br> 1 Capital Ratio that the bank must meet, considering the minimum requirements a 5.51 % 5.51 %
2.b Capital<br> buffer shortfall b — —
3 Tier<br> 1 Capital Ratio (T1 I25/T1 I11.b) 14 % 14.37 %
3.a Tier<br> 1 Capital Ratio that the bank must meet, considering the minimum requirements a 7.04 % 7.03 %
4 Regulatory<br> Capital Ratio (T1 I31/T1 I11.b) 17.76 % 18.13 %
4.a Regulatory<br> Capital Ratio that the bank must meet, considering the minimum requirements a 9.07 % 9.06 %
4.b Regulatory<br> Capital Ratio that the bank must meet, considering the charge for article 35 bis c N/A N/A
4.c Regulatory<br> Capital Ratio that the bank must meet, considering the minimum requirements, conservation buffer and countercyclical buffer b 12.07 % 12.06 %
5 Credit<br> rating d A A
Regulatory<br> compliance for Capital Adequacy
6 Additional<br> provisions computed in Tier 2 capital (T2) in relation to CRWA (T1 I26/T1 I8.a) e 1.25 % 1.25 %
7 Subordinated<br> bonds computed as Tier 2 capital (T2) in relation to CET 1 Capital f 18.83 % 18.40 %
8 Additional<br> Tier 1 Capital (AT1) in relation to CET 1 Capital (T1 I24/T1 I18) g — —
9 Voluntary<br> (additional) provisions and subordinated bonds computed as AT1 in relation to RWAs ((T1 I19+T1 I20)/T1 I11.b) h N/A N/A
(*) T1 Ix: corresponds to item x of the previous table.
a) In the case of the leverage indicator, the requirement is 3%<br>without prejudice to the additional requirements for systemic banks that could be set according to the provisions of Chapter 21-30 of<br>the RAN.
--- ---

In the case of core capital, the bank considers a charge of 4.5% of risk-weighted assets (RWA) plus the systemic charge and Pillar 2 requirements.

In Tier 1 capital, a value of 6% plus the systemic bank charge and Pillar 2 charge is considered the minimum requirement.

For effective equity, 8% of the RWA is considered, adding to this value the additional charges for systemic bank and Pillar 2.

The systemic bank and Pillar 2 requirements for Banco de Chile are equivalent to 1.25% and 0.13%, respectively. The transitional provisions require 75% of the capital charge per systemic bank and 100% of the charge for Pillar 2 for Banco de Chile (25% as of December 31, 2024 equivalent to 0.125%) which is covered by 56.3% with basic capital.

b) The capital buffer deficit must be estimated according to the<br>provisions of Chapter 21-12 of the RAN. This value defines the restriction on the distribution of dividends, as provided in the Chapter<br>mentioned above.

In the case of effective equity, the requirement of 100% of the conservation buffer of 2.5% and a counter-cyclical capital charge are added to the value reported in note 4.a). of 0.5%.

c) It corresponds to the effective equity requirement in force<br>by article 35 bis of the General Banking Law.
d) It corresponds to the solvency classification as established<br>in article 61 of the general banking law.
--- ---
e) Limit is equivalent to 1.25% when using standard methodology<br>for determining CRWAs.
--- ---
f) Limit is equivalent to 50% of the basic capital, considering<br>the discounts applied to these instruments according to Chapter 21-1 of the RAN.
--- ---
g) Additional Tier 1 capital cannot exceed 1/3 of core capital.
--- ---
h) Additional provisions and subordinated bonds could be temporarily<br>allocated until November 2023 to AT 1 for up to 1% of the RWA as of December 1, 2021. This value decreased annually by 0.5% in accordance<br>with the transitional provisions of Chapter 21-2 of the RAN.
--- --- 
204

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS, continued

49. Subsequent Events:
(a) During the month of July 2025 Banco de Chile has reported<br>as essential fact the following placements in the local market of senior, dematerialized and bearer bonds issued by Banco de Chile and<br>registered in the Securities Registry of the Financial Market Commission:
--- ---
Date Registration number in the Securities Registry Serie Amount Currency Maturity date Average rate
--- --- --- --- --- --- --- --- --- ---
July 3, 2025 11/2022 GG 610,000 UF 05/01/2035 3.15 %
July 9, 2025 11/2015 CI 500,000 UF 02/01/2033 3.14 %
July 10, 2025 11/2015 CG 1,250,000 UF 08/01/2032 3.14 %
July 10 2025 11/2015 CH 400,000 UF 12/01/2032 3.14 %
July 10, 2025 11/2015 CI 150,000 UF 02/01/2033 3.14 %
July 15, 2025 (*) 20240002 HW 1,600,000 UF 06/01/2044 3.21 %
July 17, 2025 11/2022 GB 225,000 UF 09/01/2034 3.18 %
July 18, 2025 11/2022 GB 250,000 UF 09/01/2034 3.16 %
July 21, 2025 11/2022 GB 150,000 UF 09/01/2034 3.13 %
July 22, 2025 11/2022 GB 500,000 UF 09/01/2034 3.11 %
July 22, 2025 11/2022 GG 150,000 UF 05/01/2035 3.11 %
July 22, 2025 (*) 20240002 HW 450,000 UF 06/01/2044 3.19 %
(*) The bonds have been registered under the Automatic Registration<br>modality, with the registration number dated April 5, 2024.
--- ---
(b) During the period 2025 Banco de Chile has reported as an<br>essential fact the following placements in the foreign market, issued under its Medium Term Notes Program (“MTN”):
--- ---
Date Amount Currency Maturity date Average rate
--- --- --- --- --- ---
July 9, 2025 1,000,000,000 MXN 07/17/2030 TIIE (28 days) + 1.05%
(c) On July 4, 2025, Banco de Chile announced that, by public<br>deed dated June 23, 2025, granted before the Notary of Santiago, Mrs. María Pilar Gutiérrez Rivera, Banco de Chile acquired<br>all the shares held by Banchile Asesoría Financiera S.A. in the company Socofin S.A., a subsidiary of Banco de Chile. In accordance<br>with item 2 of Article 103 of Law No. 18,046 on Corporations, and after an uninterrupted period of more than 10 days, Socofin S.A. has<br>been dissolved due to 100% of its shares being held by Banco de Chile, which, as of this date, July 4, 2025, becomes its legal successor<br>and continuator.
--- ---

The Interim Consolidated Financial Statements of Banco de Chile for the period ended June 30, 2025 were approved by the Directors on July 30, 2025.

In Management’s opinion, there are no other significant subsequent events that affect or could affect the Interim Consolidated Financial Statements of Banco de Chile and its subsidiaries between June 30, 2025 and the date of issuance of these Interim Consolidated Financial Statements.

Héctor Hernández G. General Accounting Manager Eduardo Ebensperger O. Chief Executive Officer

205

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