| Financial liabilities at amortized cost |
| 20. | Financial liabilities at amortized cost: |
The detail of this line item is as
follows:
| | |
2025 | | |
2024 | |
| | |
MCh$ | | |
MCh$ | |
| | |
| | |
| |
| Current accounts and other demand deposits | |
| 14,791,870 | | |
| 14,630,797 | |
| Time deposits and saving accounts | |
| 14,162,408 | | |
| 14,345,223 | |
| Obligations by repurchase agreements | |
| 286,915 | | |
| 109,794 | |
| Borrowings from financial institutions | |
| 1,296,751 | | |
| 1,103,468 | |
| Debt financial instruments issued | |
| 10,800,851 | | |
| 9,690,069 | |
| Other financial obligations | |
| 367,323 | | |
| 284,479 | |
| Total | |
| 41,706,118 | | |
| 40,163,830 | |
| (a) | Current accounts and other demand deposits: |
As of December 31, 2025 and 2024,
the composition of current accounts and other demand deposits is as follows:
| | |
2025 | | |
2024 | |
| | |
MCh$ | | |
MCh$ | |
| Current accounts | |
| 11,775,903 | | |
| 11,769,419 | |
| Other demand obligations | |
| 1,801,047 | | |
| 1,750,048 | |
| Demand deposits accounts | |
| 724,359 | | |
| 652,075 | |
| Other demand deposits | |
| 490,561 | | |
| 459,255 | |
| Total | |
| 14,791,870 | | |
| 14,630,797 | |
| (b) | Time deposits and saving accounts: |
As of December 31, 2025 and 2024,
the composition of time deposits and saving accounts is as follows:
| | |
2025 | | |
2024 | |
| | |
MCh$ | | |
MCh$ | |
| Time deposits | |
| 13,546,479 | | |
| 13,764,830 | |
| Term savings accounts | |
| 405,689 | | |
| 374,593 | |
| Other term balances payable | |
| 210,240 | | |
| 205,800 | |
| Total | |
| 14,162,408 | | |
| 14,345,223 | |
| (c) | Obligations by repurchase agreements: |
The Bank obtains financing by selling
financial instruments and agreeing to repurchase them in the future, plus interest at a rate established previously. As of December 31,
2025 and 2024, the repurchase agreements are detailed as follows:
| | |
2025 | | |
2024 | |
| | |
MCh$ | | |
MCh$ | |
| Transactions with domestic banks | |
| | |
| |
| Repurchase agreements with other banks | |
| — | | |
| — | |
| Repurchase agreements with the Central Banks of Chile | |
| — | | |
| — | |
| Obligations from securities lending | |
| — | | |
| — | |
| | |
| | | |
| | |
| Transactions with foreign banks | |
| | | |
| | |
| Repurchase agreements with other banks | |
| — | | |
| — | |
| Repurchase agreements with foreign Central Banks | |
| — | | |
| — | |
| Obligations from securities lending | |
| — | | |
| — | |
| | |
| | | |
| | |
| Transactions with other domestic entities | |
| | | |
| | |
| Repurchase agreements | |
| 286,915 | | |
| 109,794 | |
| Obligations from securities lending | |
| — | | |
| — | |
| | |
| | | |
| | |
| Transactions with other entities abroad | |
| | | |
| | |
| Repurchase agreements | |
| — | | |
| — | |
| Obligations from securities lending | |
| — | | |
| — | |
| Total | |
| 286,915 | | |
| 109,794 | |
The fair value of the financial instruments
delivered as collateral by the Bank and its subsidiaries, in sales transactions with repurchase agreement and securities lending as of
December 31, 2025 amounts to Ch$284,572 million (Ch$109,505 million in December 2024). In the event that the Bank and its subsidiaries
enter into default or bankruptcy, the counterparty is authorized to sell or deliver these investments as collateral.
| (d) | Borrowings from Financial Institutions: |
As of December
31, 2025 and 2024, borrowings from financial institutions are detailed as follows:
| | |
2025 | | |
2024 | |
| | |
MCh$ | | |
MCh$ | |
| | |
| | |
| |
| Foreign banks | |
| | |
| |
| Foreign trade financing | |
| | |
| |
| Bank of America, N.A. | |
| 238,925 | | |
| 124,057 | |
| HSBC Bank | |
| 208,465 | | |
| 245,469 | |
| JP Morgan Chase Bank, N.A. | |
| 168,329 | | |
| — | |
| Caixabank S.A. | |
| 147,091 | | |
| 201,802 | |
| Citibank N.A. | |
| 137,114 | | |
| 2,189 | |
| Zurcher Kantonalbank | |
| 108,803 | | |
| 90,386 | |
| The Bank of New York Mellon | |
| 85,533 | | |
| 240,008 | |
| Standard Chartered Bank (Hong Kong) Limited | |
| 63,261 | | |
| — | |
| Standard Chartered Bank | |
| 2,086 | | |
| 2,685 | |
| Commerzbank AG | |
| 839 | | |
| 1,417 | |
| Wells Fargo Bank N.A. | |
| 50 | | |
| 1,890 | |
| DZ Bank AG Deutsche | |
| — | | |
| 41,646 | |
| MUFG Bank, LTD | |
| — | | |
| 71 | |
| | |
| | | |
| | |
| Borrowings and other obligations | |
| | | |
| | |
| Wells Fargo Bank, N.A. | |
| 136,255 | | |
| 150,775 | |
| Citibank N.A. United Kingdom | |
| — | | |
| 986 | |
| Deutsche Bank Trust Company Americas | |
| — | | |
| 87 | |
| Subtotal foreign banks | |
| 1,296,751 | | |
| 1,103,468 | |
| | |
| | | |
| | |
| Banco Central de Chile (the Central Bank of Chile) | |
| — | | |
| — | |
| | |
| | | |
| | |
| Total | |
| 1,296,751 | | |
| 1,103,468 | |
| (e) | Debt financial instruments issued: |
As of December 31, 2025
and 2024, the composition of debt financial instruments issued as follows:
| | |
2025 | | |
2024 | |
| | |
MCh$ | | |
MCh$ | |
| | |
| | |
| |
| Mortgage finance bonds | |
| | |
| |
| Mortgage finance bonds for housing | |
| 521 | | |
| 849 | |
| Mortgage finance bonds for general purposes | |
| — | | |
| 1 | |
| | |
| | | |
| | |
| Bonds | |
| | | |
| | |
| Senior bonds | |
| 10,800,330 | | |
| 9,689,219 | |
| Mortgage bonds | |
| — | | |
| — | |
| Total | |
| 10,800,851 | | |
| 9,690,069 | |
During the year ended December 31,
2025 Banco de Chile has placed bonds for Ch$2,742,341 million, which corresponds to Short-Term Bonds and Long-Term Bonds for amounts of
Ch$819,195 and Ch$1,923,146 million respectively, according to the following details:
Short-term Bonds
| Counterparty | | Currency | | Amount
MCh$ | | | Annual
interest
rate % | | | Date of
issuance | | Maturity
date | | | | | | | | | | | | | | | | Wells Fargo Bank | | USD | | | 98,630 | | | | 4.68 | | | 01/27/2025 | | 05/02/2025 | | Wells Fargo Bank | | USD | | | 98,630 | | | | 4.65 | | | 01/27/2025 | | 08/01/2025 | | Wells Fargo Bank | | USD | | | 92,519 | | | | 4.55 | | | 03/07/2025 | | 04/07/2025 | | Wells Fargo Bank | | USD | | | 9,252 | | | | 4.45 | | | 03/07/2025 | | 09/05/2025 | | Wells Fargo Bank | | USD | | | 93,634 | | | | 4.60 | | | 06/25/2025 | | 10/01/2025 | | Wells Fargo Bank | | USD | | | 93,062 | | | | 4.55 | | | 06/26/2025 | | 11/03/2025 | | Wells Fargo Bank | | USD | | | 4,653 | | | | 4.55 | | | 06/26/2025 | | 07/31/2025 | | Wells Fargo Bank | | USD | | | 96,646 | | | | 4.45 | | | 08/05/2025 | | 12/08/2025 | | Wells Fargo Bank | | USD | | | 94,372 | | | | 4.10 | | | 10/28/2025 | | 02/06/2026 | | Wells Fargo Bank | | USD | | | 46,310 | | | | 4.20 | | | 11/26/2025 | | 12/29/2025 | | Wells Fargo Bank | | USD | | | 91,487 | | | | 4.01 | | | 12/29/2025 | | 04/02/2026 | | Total | | | | | 819,195 | | | | | | | | | | Long-Term Bonds
| Series | | Currency | | Amount
MCh$ | | | Terms
Years | | | Annual
interest
rate % | | | Date of
issuance | | Maturity
date | | BCHIFC0721 | | UF | | | 22,830 | | | | 5 | | | | 2.97 | | | 03/17/2025 | | 01/01/2030 | | BCHIFC0721 | | UF | | | 11,422 | | | | 5 | | | | 2.97 | | | 03/20/2025 | | 01/01/2030 | | BCHIFC0721 | | UF | | | 40,001 | | | | 5 | | | | 2.97 | | | 03/21/2025 | | 01/01/2030 | | BCHIFC0721 | | UF | | | 30,548 | | | | 5 | | | | 2.96 | | | 04/01/2025 | | 01/01/2030 | | BCHIFO0721 | | UF | | | 34,577 | | | | 7 | | | | 2.92 | | | 04/03/2025 | | 01/01/2032 | | BCHIFH1221 | | UF | | | 33,047 | | | | 6 | | | | 2.84 | | | 04/15/2025 | | 12/01/2030 | | BCHIGG1121 | | UF | | | 38,413 | | | | 10 | | | | 3.03 | | | 04/17/2025 | | 05/01/2035 | | BCHIHD0424 | | UF | | | 81,115 | | | | 10 | | | | 3.03 | | | 04/17/2025 | | 10/01/2034 | | BCHIFH1221 | | UF | | | 11,679 | | | | 6 | | | | 2.92 | | | 05/07/2025 | | 12/01/2030 | | BCHIGG1121 | | UF | | | 5,712 | | | | 10 | | | | 3.03 | | | 05/09/2025 | | 05/01/2035 | | BCHIHN1223 | | UF | | | 12,517 | | | | 15 | | | | 3.06 | | | 05/09/2025 | | 12/01/2039 | | BCHIFA0222 | | UF | | | 22,900 | | | | 3 | | | | 2.77 | | | 05/30/2025 | | 08/01/2028 | | BCHIFH1221 | | UF | | | 9,575 | | | | 6 | | | | 3.06 | | | 05/30/2025 | | 12/01/2030 | | BCHIFH1221 | | UF | | | 13,407 | | | | 6 | | | | 3.06 | | | 06/02/2025 | | 12/01/2030 | | BCHIFH1221 | | UF | | | 9,581 | | | | 6 | | | | 3.05 | | | 06/02/2025 | | 12/01/2030 | | BCHIFH1221 | | UF | | | 8,667 | | | | 6 | | | | 3.04 | | | 06/03/2025 | | 12/01/2030 | | BCHIFH1221 | | UF | | | 4,145 | | | | 6 | | | | 3.04 | | | 06/06/2025 | | 12/01/2030 | | BCHIFH1221 | | UF | | | 25,567 | | | | 6 | | | | 3.04 | | | 06/10/2025 | | 12/01/2030 | | BCHIFO0721 | | UF | | | 19,306 | | | | 7 | | | | 3.06 | | | 06/10/2025 | | 01/01/2032 | | BCHIGG1121 | | UF | | | 23,174 | | | | 10 | | | | 3.15 | | | 07/03/2025 | | 05/01/2035 | | BCHICI0815 | | UF | | | 19,989 | | | | 8 | | | | 3.14 | | | 07/09/2025 | | 02/01/2033 | | BCHICG0815 | | UF | | | 49,639 | | | | 7 | | | | 3.14 | | | 07/10/2025 | | 08/01/2032 | | BCHICH1215 | | UF | | | 15,721 | | | | 8 | | | | 3.14 | | | 07/10/2025 | | 12/01/2032 | | BCHICI0815 | | UF | | | 5,996 | | | | 8 | | | | 3.14 | | | 07/10/2025 | | 02/01/2033 | | BCHIHW1223 | | UF | | | 65,578 | | | | 19 | | | | 3.21 | | | 07/15/2025 | | 06/01/2044 | | BCHIGB0322 | | UF | | | 8,589 | | | | 9 | | | | 3.18 | | | 07/17/2025 | | 09/01/2034 | | BCHIGB0322 | | UF | | | 9,557 | | | | 9 | | | | 3.16 | | | 07/18/2025 | | 09/01/2034 | | BCHIGB0322 | | UF | | | 5,747 | | | | 9 | | | | 3.13 | | | 07/21/2025 | | 09/01/2034 | | BCHIGB0322 | | UF | | | 19,187 | | | | 9 | | | | 3.11 | | | 07/22/2025 | | 09/01/2034 | | BCHIGG1121 | | UF | | | 5,718 | | | | 10 | | | | 3.11 | | | 07/22/2025 | | 05/01/2035 | | BCHIHW1223 | | UF | | | 18,489 | | | | 19 | | | | 3.19 | | | 07/22/2025 | | 06/01/2044 | | BCHIGG1121 | | UF | | | 3,870 | | | | 10 | | | | 2.99 | | | 08/22/2025 | | 05/01/2035 | | BCHIHN1223 | | UF | | | 22,894 | | | | 15 | | | | 3.06 | | | 08/27/2025 | | 12/01/2039 | | BCHIGG1121 | | UF | | | 15,519 | | | | 10 | | | | 3.01 | | | 09/04/2025 | | 05/01/2035 | | BCHIHW1223 | | UF | | | 8,374 | | | | 19 | | | | 3.12 | | | 09/04/2025 | | 06/01/2044 | | BCHIGA1121 | | UF | | | 38,815 | | | | 9 | | | | 3.05 | | | 09/05/2025 | | 05/01/2034 | | BCHIGD0721 | | UF | | | 153,769 | | | | 10 | | | | 3.09 | | | 09/05/2025 | | 01/01/2035 | | BCHIHI1223 | | UF | | | 206,194 | | | | 12 | | | | 3.13 | | | 09/05/2025 | | 06/01/2037 | | BCHIGA1121 | | UF | | | 31,211 | | | | 9 | | | | 2.99 | | | 09/11/2025 | | 05/01/2034 | | BCHIGA1121 | | UF | | | 1,951 | | | | 9 | | | | 2.99 | | | 09/15/2025 | | 05/01/2034 | | BCHIHW1223 | | UF | | | 23,076 | | | | 19 | | | | 3.12 | | | 09/15/2025 | | 06/01/2044 | | BCHIHN1223 | | UF | | | 41,978 | | | | 14 | | | | 3.03 | | | 09/16/2025 | | 12/01/2039 | | BCHIFU0522 | | UF | | | 64,527 | | | | 7 | | | | 2.91 | | | 09/17/2025 | | 11/01/2032 | | BCHIGA1121 | | UF | | | 21,475 | | | | 9 | | | | 2.99 | | | 09/17/2025 | | 05/01/2034 | | BCHIFU0522 | | UF | | | 31,288 | | | | 7 | | | | 2.91 | | | 09/22/2025 | | 11/01/2032 | | BCHIGA1121 | | UF | | | 5,862 | | | | 9 | | | | 2.98 | | | 09/22/2025 | | 05/01/2034 | | BCHIHH1223 | | UF | | | 87,021 | | | | 11 | | | | 3.08 | | | 09/22/2025 | | 12/01/2036 | | BCHIHH1223 | | UF | | | 66,367 | | | | 11 | | | | 3.07 | | | 09/23/2025 | | 12/01/2036 | | BCHIFU0522 | | UF | | | 5,873 | | | | 7 | | | | 2.90 | | | 09/25/2025 | | 11/01/2032 | | BCHIGA1121 | | UF | | | 25,525 | | | | 9 | | | | 2.99 | | | 10/28/2025 | | 05/01/2034 | | BCHIHW1223 | | UF | | | 6,410 | | | | 19 | | | | 3.03 | | | 10/28/2025 | | 06/01/2044 | | BCHIHW1223 | | UF | | | 12,850 | | | | 19 | | | | 3.02 | | | 10/30/2025 | | 06/01/2044 | | BCHIFU0522 | | UF | | | 15,573 | | | | 7 | | | | 2.89 | | | 11/06/2025 | | 11/01/2032 | | Subtotal UF | | | | | 1,572,815 | | | | | | | | | | | | | | Long-Term Bonds
| Series | | Currency | | Amount
MCh$ | | | Terms
Years | | Annual interest
rate % | | Date of
issuance | | Maturity
date | | BONO CHF | | CHF | | | 115,739 | | | 6 | | 1.1875 | | 06/17/2025 | | 07/15/2031 | | BONO JPY | | JPY | | | 65,260 | | | 5 | | 1.635 | | 06/18/2025 | | 06/27/2030 | | BONO MXN | | MXN | | | 50,998 | | | 5 | | TIIE (28 days) + 1.05 | | 07/09/2025 | | 07/17/2030 | | BONO AUD | | AUD | | | 43,101 | | | 10 | | BBSW3M +1.28 | | 10/22/2025 | | 10/30/2035 | | BONO HKD | | HKD | | | 75,233 | | | 7 | | 3.735 | | 10/30/2025 | | 11/12/2032 | | Subtotal other currencies | | | | | 350,331 | | | | | | | | | | | Total | | | | | 1,923,146 | | | | | | | | | |
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$984,589 million respectively, according to the following details:
Short-term Bonds
| Counterparty | | Currency | | Amount
MCh$ | | | Annual interest
rate % | | Issued
date | | Maturity
date | | Wells Fargo Bank | | USD | | | 28,049 | | | 5,46 | | 05/07/2024 | | 08/07/2024 | | Total | | | | | 28,049 | | | | | | | | Long-Term Bonds
| Serie | | Currency | | Amount
MCh$ | | | Terms
Years | | Annual interest
rate % | | Issued
date | | Maturity
date | | BCHIEZ1121 | | UF | | | 107,462 | | | 4 | | 3.72 | | 01/15/2024 | | 05/01/2028 | | BCHIEZ1121 | | UF | | | 31,197 | | | 4 | | 3.72 | | 01/16/2024 | | 05/01/2028 | | BCHICE1215 | | UF | | | 21,998 | | | 7 | | 3.20 | | 01/31/2024 | | 12/01/2031 | | BCHICH1215 | | UF | | | 7,350 | | | 8 | | 3.15 | | 02/08/2024 | | 12/01/2032 | | BCHIFA0222 | | UF | | | 32,349 | | | 4 | | 3.25 | | 03/15/2024 | | 08/01/2028 | | BCHIFA0222 | | UF | | | 19,518 | | | 4 | | 3.32 | | 03/21/2024 | | 08/01/2028 | | BCHIEY1021 | | UF | | | 12,474 | | | 4 | | 3.29 | | 03/22/2024 | | 04/01/2028 | | BCHIFA0222 | | UF | | | 14,228 | | | 4 | | 3.29 | | 03/25/2024 | | 08/01/2028 | | BCHIGG1121 | | UF | | | 12,345 | | | 11 | | 3.35 | | 03/26/2024 | | 05/01/2035 | | BCHIFA0222 | | UF | | | 3,566 | | | 4 | | 3.24 | | 03/27/2024 | | 08/01/2028 | | BCHIEY1021 | | UF | | | 17,696 | | | 4 | | 3.28 | | 04/04/2024 | | 04/01/2028 | | BCHIEX0122 | | UF | | | 9,231 | | | 1 | | 3.10 | | 04/12/2024 | | 07/01/2025 | | BCHIEX0122 | | UF | | | 14,793 | | | 1 | | 3.02 | | 04/17/2024 | | 07/01/2025 | | BCHIHX1223 | | UF | | | 32,225 | | | 20 | | 3.49 | | 05/08/2024 | | 12/01/2044 | | BCHIHX1223 | | UF | | | 11,376 | | | 20 | | 3.49 | | 05/09/2024 | | 12/01/2044 | | BCHIHX1223 | | UF | | | 5,727 | | | 20 | | 3.46 | | 05/17/2024 | | 12/01/2044 | | BCHIHX1223 | | UF | | | 15,283 | | | 20 | | 3.46 | | 05/22/2024 | | 12/01/2044 | | BCHIHX1223 | | UF | | | 37,202 | | | 20 | | 3.55 | | 06/04/2024 | | 12/01/2044 | | BCHIFO0721 | | UF | | | 3,575 | | | 8 | | 3.48 | | 06/06/2024 | | 01/01/2032 | | BCHIEY1021 | | UF | | | 3,606 | | | 4 | | 3.20 | | 06/10/2024 | | 04/01/2028 | | BCHIGG1121 | | UF | | | 8,366 | | | 11 | | 3.53 | | 06/11/2024 | | 05/01/2035 | | BCHIFB1021 | | UF | | | 21,220 | | | 5 | | 3.35 | | 06/12/2024 | | 04/01/2029 | | BCHIEY1021 | | UF | | | 12,648 | | | 4 | | 3.29 | | 07/09/2024 | | 04/01/2028 | | BCHIFB1021 | | UF | | | 39,504 | | | 5 | | 3.50 | | 07/09/2024 | | 04/01/2029 | | BCHIFB1021 | | UF | | | 1,796 | | | 5 | | 3.49 | | 07/09/2024 | | 04/01/2029 | | BCHIFB1021 | | UF | | | 5,399 | | | 5 | | 3.45 | | 07/10/2024 | | 04/01/2029 | | BCHIFC0721 | | UF | | | 37,442 | | | 6 | | 3.47 | | 07/11/2024 | | 01/01/2030 | | BCHIFC0721 | | UF | | | 7,147 | | | 6 | | 3.43 | | 07/12/2024 | | 01/01/2030 | | BCHIHX1223 | | UF | | | 7,550 | | | 20 | | 3.50 | | 07/18/2024 | | 12/01/2044 | | BCHIFB1021 | | UF | | | 25,454 | | | 5 | | 3.23 | | 07/23/2024 | | 04/01/2029 | | BCHIFA0222 | | UF | | | 18,404 | | | 4 | | 3.04 | | 07/24/2024 | | 08/01/2028 | | BCHIFO0721 | | UF | | | 19,198 | | | 8 | | 2.50 | | 09/27/2024 | | 01/01/2032 | | BCHIHX1223 | | UF | | | 94,840 | | | 20 | | 2.36 | | 09/30/2024 | | 12/01/2044 | | BCHIHP1223 | | UF | | | 220,035 | | | 16 | | 2.37 | | 10/01/2024 | | 12/01/2040 | | Subtotal | | | | | 932,204 | | | | | | | | | | | | | | | | | | | | | | | | | | | BONO HKD | | | | | 52,385 | | | 10 | | 4.22 | | 02/02/2024 | | 02/09/2034 | | Subtotal other currencies | | | | | 52,385 | | | | | | | | | | | Total | | | | | 984,589 | | | | | | | | | |
As of December 31, 2025 and 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: |
As of December
31, 2025 and 2024, the detail of other financial obligations as follows:
| | |
2025 | | |
2024 | |
| | |
MCh$ | | |
MCh$ | |
| | |
| | |
| |
| Other financial obligations in Chile | |
| 367,323 | | |
| 284,479 | |
| Other financial obligations with the public sector | |
| — | | |
| — | |
| Total | |
| 367,323 | | |
| 284,479 | |
|