Banco de Chile Extends Citigroup Agreements
Ticker: BCH · Form: 6-K · Filed: 2025-08-29T00:00:00.000Z
Sentiment: neutral
Topics: agreement-extension, partnership, financial-services
TL;DR
Banco de Chile and Citigroup just extended their partnership deals, keeping things rolling.
AI Summary
On August 29, 2025, Banco de Chile announced the extension of several key agreements with Citigroup Inc. These include the Cooperation Agreement, Global Connectivity Agreement, and Amended and Restated Trademark License Agreement. Additionally, an Amended and Restated Master Services Agreement was executed, further solidifying their partnership.
Why It Matters
This extension indicates continued strategic alignment and operational collaboration between Banco de Chile and Citigroup, potentially impacting their service offerings and market presence.
Risk Assessment
Risk Level: low — The filing reports on routine agreement extensions, not significant new risks or financial distress.
Key Players & Entities
- Banco de Chile (company) — Registrant
- Citigroup Inc. (company) — Partner company
- August 29, 2025 (date) — Filing date and agreement extension date
- Solange Berstein Jáuregui (person) — President of the Financial Market Commission
FAQ
What specific agreements between Banco de Chile and Citigroup were extended?
The Cooperation Agreement, Global Connectivity Agreement, and Amended and Restated Trademark License Agreement were extended.
Was a new agreement executed between the two entities?
Yes, an Amended and Restated Master Services Agreement was executed.
What is the filing date of this report?
The filing date is August 29, 2025.
Who is listed as the President of the Financial Market Commission in the filing?
Mrs. Solange Berstein Jáuregui is listed as the President of the Financial Market Commission.
What is the primary purpose of this 6-K filing?
The purpose is to report an English translation of a letter filed with the Chilean Financial Market Commission and local stock exchanges regarding the extension of agreements with Citigroup Inc.
From the Filing
0001213900-25-082630.txt : 20250829 0001213900-25-082630.hdr.sgml : 20250829 20250829164349 ACCESSION NUMBER: 0001213900-25-082630 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20250829 FILED AS OF DATE: 20250829 DATE AS OF CHANGE: 20250829 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BANK OF CHILE CENTRAL INDEX KEY: 0001161125 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL BANKS, NEC [6029] ORGANIZATION NAME: 02 Finance EIN: 000000000 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15266 FILM NUMBER: 251281578 BUSINESS ADDRESS: STREET 1: PASEO AHUMADA 251 CITY: SANTIAGO STATE: F3 ZIP: 00000 BUSINESS PHONE: 562-637-2044 MAIL ADDRESS: STREET 1: PASEO AHUMADA 251 CITY: SANTIAGO STATE: F3 ZIP: 00000 6-K 1 ea025532501-6k_bankofchile.htm CURRENT REPORT FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, 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 August, 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 x Form 40-F o BANCO DE CHILE REPORT ON FORM 6-K Attached is an English translation of a letter filed by Banco de Chile with the Chilean Financial Market Commission and local stock exchanges, informing that Banco de Chile and Citigroup Inc. have extended the term of the Cooperation Agreement, Global Connectivity Agreement, and Amended and Restated Trademark License Agreement and also executed an Amended and Restated Master Services Agreement . Santiago, August 29, 2025 Mrs. Solange Berstein Jáuregui President Financial Market Commission Present Ref.: Material Information / Banco de Chile Of our consideration: Pursuant to Articles 9 and 10 of Law No. 18,045 on Securities Market, Chapter 18-10 of the Restated Regulations of Banks of the Financial Market Commission (“CMF”), and General Rule (“NCG”) No. 30 of the CMF, I hereby inform you as a material information that, on this date, Banco de Chile and Citigroup Inc. have agreed to extend the term of the Cooperation Agreement, Global Connectivity Agreement and the Amended and Restated Trademark License Agreement , the first two entered into on October 22, 2015, and the latter on November 29, 2019. Pursuant to the aforesaid extension, the term of such agreements is extended from January 1st, 2026 until January 1st, 2028, and before August 31st, 2027 the parties may agree to another extension for two years starting on January 1st, 2028. In the event the latter does not take place, the agreements shall be automatically extended once for a term of one year starting on January 1st, 2028 until January 1st, 2029. The same renewal procedure may be used in the future as many times as the parties may agree upon. Along with the foregoing and on the same date, Banco de Chile and Citigroup Inc. entered into an Amended and Restated Master Services Agreement , which will have the same duration of the Cooperation Agreement referred above. The Board of Banco de Chile, in meeting N° BCH 3,037 of August 28, 2025, approved the extension and execution of the aforementioned agreements, in the terms provided by articles 146 et seq. of the Chilean Corporations Act (Ley de Sociedades Anónimas). Sincerely, Eduardo Ebensperger Orrego CEO Banco de Chile 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: August 29, 2025 Banco de Chile /s/ Eduardo Ebensperger Orrego By: Eduardo Ebensperger Orrego CEO