v3.26.1
Equity
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Equity
27.Equity:

 

(a)Capital

 

(i)Authorized, subscribed and paid shares:

 

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

 

   As of December 31, 2025 
Name of the company or shareholders  Number of
shares		   Ownership
%		 
         
LQ Inversiones Financieras S.A.   46,815,289,329    46.344%
Banchile Corredores de Bolsa S.A.   5,298,295,922    5.245%
Inversiones LQ-SM Limitada   4,854,988,014    4.806%
Banco de Chile on behalf of State Street   4,368,739,111    4.325%
Banco Santander on behalf of foreign investors   3,959,115,077    3.919%
JP Morgan Chase Bank   2,719,097,108    2.692%
Banco de Chile on behalf of non-resident third parties   2,355,382,741    2.332%
Banco Santander Chile   1,926,817,275    1.907%
Ever Chile SPA   1,888,369,814    1.869%
Banco de Chile on behalf of Citibank New York   1,663,309,364    1.647%
Ever 1 BAE SPA   1,166,584,950    1.155%
Larraín Vial S.A. Corredora de Bolsa   1,000,886,079    0.991%
Inversiones Avenida Borgoño Limitada   882,604,102    0.874%
BCI Corredores de Bolsa S.A.   779,379,823    0.772%
A.F.P Habitat S.A. for A Fund   758,929,122    0.751%
Santander Corredores de Bolsa Limitada   703,730,776    0.697%
A.F.P Cuprum S.A. for A Fund   635,579,418    0.629%
Banco de Chile on behalf of Citibank London   549,822,754    0.544%
Valores Security S.A. Corredores de Bolsa   527,069,658    0.522%
A.F.P Capital S.A. Pension Fund A   518,556,321    0.513%
Subtotal   83,372,546,758    82.534%
Other shareholders   17,644,534,356    17.466%
Total   101,017,081,114    100.000%
   As of December 31, 2024 
Name of the company or shareholders  Number of
shares		   Ownership
%		 
         
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%
(ii)Shares:

 

The following table shows the share movements from December 31, 2023 to December 31, 2025:

 

   Total 
   ordinary
shares		 
Total shares as of December 31, 2023   101,017,081,114 
      
Total shares as of December 31, 2024   101,017,081,114 
      
Total shares as of December 31, 2025   101,017,081,114 

 

(b)Approval and payment of dividends:

 

At the Bank´s Ordinary Shareholders’ Meeting held on March 27, 2025, the distribution and payment of dividend No. 213 of Ch$9.85357420889 per share of the Banco de Chile was approved, with debit to the net distributable income for the year ended as of December 31, 2024. Dividends paid in 2025 amounted to Ch$995,380 million.

 

At the Bank´s Ordinary Shareholders’ Meeting held on March 28, 2024, the distribution and payment of dividend No. 212 of Ch$8.07716286860 per share of the Banco de Chile was approved, with debit to the net distributable income for the year ended as of December 31, 2023. Dividends paid in 2024 amounted to Ch$815,932 million.

 

(c)Provision for minimum dividends:

 

The Chilean Corporations Law requires a minimum distribution of 30% of net income for the period. This amount is determined based on net income under Chilean GAAP. Accordingly, the Bank recorded a liability under the line item “Provision for dividends”.

(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 shareholders in a year between the weighted average number of shares outstanding during that year, excluding the average number of own shares held throughout the year.

 

(ii)Diluted earnings per share:

 

In order to calculate the diluted earnings per share, both the amount of income attributable to ordinary 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 ordinary shares (stock options, warrants and convertible debt).

 

The following table shows the income and share data used in the calculation of EPS:

 

   As of December 31, 
   2025   2024   2023 
Basic earnings per share:            
Net income attributable to bank´s shareholders (in million Chilean pesos)   1,185,413    1,248,476    1,374,026 
Weighted average number of ordinary shares   101,017,081,114    101,017,081,114    101,017,081,114 
Earning per shares (in Chilean pesos)   11.73    12.36    13.60 
                
Diluted earnings per share:               
Net income attributable to bank´s shareholders (in million Chilean pesos)   1,185,413    1,248,476    1,374,026 
Weighted average number of ordinary shares   101,017,081,114    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    101,017,081,114 
Diluted earnings per share (in Chilean pesos)   11.73    12.36    13.60 

 

As of December 31, 2025, 2024 and 2023, the Bank does not have instruments that generate dilutive effects.

(e)Other comprehensive income:

 

The detail of and changes in accumulated other comprehensive income as of December 31, 2025, 2024 and 2023:

 

   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, 2023   (338)   4,302    (1,071)   2,893    268    (103,782)   (190)   31,382    (72,322)   (69,429)
Other comprehensive income for the year   (75)   5,367    (1,429)   3,863    8,874    113,183    116    (32,365)   89,808    93,671 
Balances as of December 31, 2023   (413)   9,669    (2,500)   6,756    9,142    9,401    (74)   (983)   17,486    24,242 
                                                   
Opening balances as of January 1, 2024   (413)   9,669    (2,500)   6,756    9,142    9,401    (74)   (983)   17,486    24,242 
Other comprehensive income for the year   115    (212)   893    796    (4,664)   (21,798)   26    5,175    (21,261)   (20,465)
Balances as of December 31, 2024   (298)   9,457    (1,607)   7,552    4,478    (12,397)   (48)   4,192    (3,775)   3,777 
                                                   
Opening balances as of January 1, 2025   (298)   9,457    (1,607)   7,552    4,478    (12,397)   (48)   4,192    (3,775)   3,777 
Other comprehensive income for the year   (62)   (148)   (448)   (658)   8,806    (28,341)   (59)   6,716    (12,878)   (13,536)
Balances as of December 31, 2025   (360)   9,309    (2,055)   6,894    13,284    (40,738)   (107)   10,908    (16,653)   (9,759)

 

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.

 

(f)Retained earnings from previous years:

 

During 2025, the shareholders at the Ordinary Shareholders’ Meeting of Banco de Chile agreed to deduct and retain from net income for 2024, an amount equivalent to the adjustment of the value of paid-in capital and reserves according to the variation in the Consumer Price Index, which occurred between November 2023 and November 2024, of Ch$212,012 million.