Third Quarter 2011 Highlights

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2 Third Quarter 2011 Highlights Keeping the Pace 2 Economic and Financial Environment Leadership Position in Net Income Outstanding Growth in Loans Strong Retail Segment EBIT Improvements in Stock Liquidity

3 Chilean Economy GDP slowdown had not affected the job creation 3 GDP & Consumption GDP 10.1 (Var. % 12 m) 10.9 Consumption T10 1T11 2T11 3T11e Unemployment Rate (%) Q10 1Q11 2Q11 3Q11e

4 Chilean Economy Lower activity and inflation pressures puts an end to monetary tightening 4 6% 4% 2% 0% -2% -4% 6% 5% 4% 3% 2% 1% 0% 0.5% CPI 2.0% Inflation (Var. Y/Y %) Core Inflation 3.3% 3,2% 2,1% Jan-10 May-10 Sep-10 Jan-11 May-11 Sep-11 Monetary Policy Rate (%) 5.3% Jan-10 May-10 Sep-10 Jan-11 May-11 Sep-11

5 Chilean Economy: Strengths Low Sovereign Risk & Public Debt, Large Reserves and Diversified Trade Credit Default Swap (5Y) Spain Brazil Chile Germany Italy France 0 Jan-10 May-10 Sep-10 Jan-11 May-11 Sep-11 (*) Estimated 2011 GDP Export Market Distribution (% as of dec-10) 12% Asia 18% 19% 51% Europe Latin America USA & Canada 4.1% Government Gross Debt / GDP (%) 5.2% 6.2% 9.2% 9.6% Jun-11* Sovereign Reserves / GDP* 5.4% Stabilization Fund (% as of sep.-11) 15.5% Central Bank Reserves

6 Chilean Banking System Positive figures for the 3Q11 6 Net Income Total Loans +16% % +5% 81,021 84, % % 20.2% 22.8% 17.1% 72,896 74,954 77,743 3Q10 4Q10 1Q11 2Q11 3Q11 Net Income ROAE Sep-10 Dec-10 Mar-11 Jun-11 Sep-11

7 YTD 3Q11 Net Income Earnings continue strong and compare favourably to peers 7 Net Income & ROAE (Billions of Ch$ & %) Net Income & ROAE (Billions of Ch$ & ROAE in %) -2% BCH SAN 21% 15% BCI Corp 17% 20% Estado 8% % 17.2% 28.1% 26.5% 21.0% SAN BCH Millares 22% 25% Q10 4Q10 1Q11 2Q11 3Q11 ROAE* Net Income Additional Allowances *ROAE does not include provision for minimum dividends BCI Corp Estado 22% 9% 67 22% Millares

8 Operating Revenues Robust growth in our core business 8 Operating Revenues Revenues by Segment % % +23% % 188 3Q10 4Q10 1Q11 2Q11 3Q11 Inflation, % ( UF) 0.7% 0.5% 0.6% 1.4% 0.6% 3Q10 Retail Subsidiaries 3Q11 Wholesale Treasury and other

9 Fees and Commissions Market leader in fee income 9 Breakdown of Fees and Commissions Net Fees and Commissions - YTD (Billions of Ch$ & Market Share ) 3Q10 3Q11 10/11 Chq Accts & Credit Cards 23,030 25, % Insurance 13,202 16, % Mutual Funds 15,900 15,168 (4.6%) Stock Brokerage 7,557 3,568 (52.8%) % % Loans 6,083 3,492 (42.6%) Cash Management Services 3,454 3,397 (1.7%) Foreign trade and Currency 1,474 1, % Other 5,633 6, % 13.6% 13.4% % Total 76,333 75,704 (0.8%) Chile San Bci Estado BBVA

10 Market Share Loan Volumes Total Loan Portfolio Outstanding performance 10 13,660 Total Loans +23% 15,876 16,776 3Q10 2Q11 3Q11 Main Banks Corp +8 % 6,208 BCH 16,776 BCI 10,780 SAN 17,680 Estado 12,284 (Market Share in %) Corp 7.3% BCH 19.8% BCI 12.7% Estado 14.5% SAN 20.8% ( Q/Q) +6 % +4 % +2 % +3 % ( Q/Q) +23 bp +17 pb -12 pb -21 pb -68 pb

11 Loan Portfolio Break-down Strong growth in retail and wholesale lending 11 Retail Loans Individual Loan Portfolio SME Loan Portfolio Wholesale Loans Large Corp. Portfolio +20% +26% 4,851 2,043 5,544 5,816 2,309 2,421 1, % 1,986 2,064 6,799 8,009 8,531 2,808 3,235 3,395 3Q10 2Q11 3Q11 3Q10 2Q11 3Q11 3Q10 2Q11 3Q11 Mortgage Consumer Commercial

12 Credit Quality Risk indicators remain healthy 12 Loan Loss Provisions / Avg. Loans 2.15% (%) 1.12% 1.22% 0.72% 0.96% 1.11% 0.93% 3Q10 4Q10 1Q11 2Q11 3Q11 Provisions Regulatory Change Total Past-due / Total Loans (%) 1.41% 1.20% 1.17% 1.00% 0.97% 3Q10 4Q10 1Q11 2Q11 3Q11 2.0% 1.5% 1.0% 0.5% Loan Loss Provisions (Loan loss provisions / Avg. loans, %) 1.38% 1.31% 0.94% 0.0% Sep- 11 Peers System ex BCH Peers include BBVA, BCI y Santander

13 Efficiency Operating expenses in line with our business growth plan 13 Operating expenses % 48.9% 46.6% 50.2% 49.1% 43.3% 47.2% 3Q10 4Q10 1Q11 2Q11 3Q11 Expenses Extraordinary Expenses Efficiency Adjusted Efficiency* * Adjusted for provisions related to collective bargaining agreements Highlights Rise in expenses during 3Q11 over 3Q10 is mainly related to: Collective Bargaining Agreements (+Ch$5.7 billion) IT Expenses (+Ch$4.0 billion) Outsourced sales force expenses (+Ch$1.8 billion) Maintenance and rental expenses (+Ch$1.2 billion) Co-branding (+Ch$2.2 billion)

14 Strong Retail EBIT Our retail segment has been leading revenue growth 14 Retail Segment Other Segments +22% -11% Q10 2Q11 3Q11 3Q10 2Q10 3Q11 Wholesale Treasury Subsidiaries

15 Branch Expansion Plan Extensive distribution network 15 Distribution Network (# of Branches and ATMs) New Branches for 4Q11 (# of Branches) ,762 2, Branches 3Q10 3Q11 ATMs +29

16 Stock Liquidity Average daily trading volumes have increased significantly 16 Average Daily Trading Volume (US$) 10,000,000 9,000,000 8,000,000 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 - Source: Bloomberg. Trailing 90 days Avg. Dec-08 Dec-09 Dec-10 Oct-11 Local Exchanges ADR

17 Banco de Chile 17 (As of September, 2011) CLP$ billion in loans +23% yoy CLP$ billion in demand deposits +8% yoy CLP$329 billion in net income +7% yoy ROAE 25.1% Investment Grade S&P: A+; Moody s: Aa3 and the 3 rd largest LATAM financial Institution excluding Brasil (Market Capitalization in US$ billions, October 4, 2011) Santander CL Inbursa Bancolombia Grupo Aval Banorte Credicorp BCI Corpbanca Compartamos Banco Macro Intergroup Source: Bloomberg

18 Forward-looking Information 18 The information contained herein incorporates by reference statements which constitute forward-looking statements, in that they include statements regarding the intent, belief or current expectations of our directors and officers with respect to our future operating performance. Such statements include any forecasts, projections and descriptions of anticipated cost savings or other synergies. You should be aware that any such forward-looking statements are not guarantees of future performance and may involve risks and uncertainties, and that actual results may differ from those set forth in the forward-looking statements as a result of various factors (including, without limitations, the actions of competitors, future global economic conditions, market conditions, foreign exchange rates, and operating and financial risks related to managing growth and integrating acquired businesses), many of which are beyond our control. The occurrence of any such factors not currently expected by us would significantly alter the results set forth in these statements. Factors that could cause actual results to differ materially and adversely include, but are not limited to: changes in general economic, business or political or other conditions in Chile or changes in general economic or business conditions in Latin America; changes in capital markets in general that may affect policies or attitudes toward lending to Chile or Chilean companies; unexpected developments in certain existing litigation; increased costs; and unanticipated increases in financing and other costs or the inability to obtain additional debt or equity financing on attractive terms. You should not place undue reliance on such statements, which speak only as of the date that they were made. Our independent public accountants have not examined or compiled the forward-looking statements and, accordingly, do not provide any assurance with respect to such statements. These cautionary statements should be considered in connection with any written or oral forward-looking statements that we may issue in the future. We do not undertake any obligation to release publicly any revisions to such forward-looking statements to reflect later events or circumstances or to reflect the occurrence of unanticipated events.