How To Know More About Bank Of Mario De Los Angeles

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1 1985 Presence We were able to reach where no other bank has: the Antarctic. We had the confidence to open offices in Miami and Hong Kong; we think about the need to provide financial services to the people of Quellón in the south of Chile, and we shall continue to make changes for simplifying people s lives.

2 new horizons... We believe that the world does not end here, we are where you are. Annual Report

3 07. Shareholders Bci share price and market capitalization As the following graph shows, the Bci share price has grown faster than the Selective Stock Price Index (IPSA) in recent years Bci s market capitalization in US dollar terms has shown an extraordinary increase between 2000 and 2007, as the following graph shows: Capital resources BCI IPSA INDEX 100=2000 Millions of dollars 3,500 3,000 2,500 2,000 1,500 1, ,000 15,000 13,000 11,000 9,000 7,000 5,000 3,000 price Market capitalization in millions of dollars Share price in constant pesos.

4 Annual Report The Bci share price has grown faster than the Selective Stock Price Index (IPSA). The ordinary shareholders meeting held on April 24, 2007 resolved to assign Ch$65,779,467,093 to the reserve for future capitalization, a sum representing 54.7% of the net income for With these resources, necessary for sustaining the Bank s operating growth, Bci s basic capital as of December 31, 2007 comprised the following: Paid capital (98,860,310 shares) Ch$ 518,368,556,844 Reserve for future capitalization 49,358,107,362 Share premium 319,028,675 Exchange rate fluctuations investment in Miami 1,549,823,105 Fluctuations in value financial investment portfolio (1,036,984,864) Basic capital Ch$ 568,558,531,122 Effective equity, which acts as a regulator of different operating limits established in the General Banking Law, comprises the following: Basic capital $ 568,558,531,122 Additional allowances 31,562,061,699 Subordinated bonds 284,279,265,561 Goodwill (9,206,164,250) Excess of investments in companies (1,246,485,911) Effective equity $ 873,947,208,221

5 07. Shareholders With these resources, the ratio of basic capital to total assets is 5.26%, while the ratio of effective equity to risk-weighted assets is 10.39%. The minimum ratios demanded under the General Banking Law are 3% and 8% respectively. It should be pointed out that at the start of 2008, the net income for 2007 is added to the basic capital where it remains until the ordinary shareholders meeting pronounces on its distribution. On the instructions of the Superintendency of Banks and Financial Institutions, effective January 2008, banks have to make a monthly provision for the minimum dividend to be distributed among shareholders. Consequently, the balance of the monthly net income not committed to the dividend will constitute capital for all legal and regulatory purposes. Tax situation of the dividend distributed in 2007 The ordinary shareholders meeting held on April 24, 2007 approved the distribution of a dividend for Ch$550 per share against the net income for 2006, amounting to a sum of Ch$54,373,170,500, being 45.3% of the net income. This dividend was distributed against income taxed at the First Category rate of 15%. This charge constitutes a credit against the income tax that shareholders have to declare annually. To calculate this, the credit is considered subject to 1st Category income tax and should legally be added to taxable income, as explained in the following example relating to the dividend received per share.

6 Annual Report STARTING IN JANUARY 2008, BCI WILL HAVE TO MAKE A MONTHLY PROVISION FOR THE MINIMUM DIVIDEND TO BE DISTRIBUTED AMONG SHAREHOLDERS Dividend Ch$ Restatement to December 2007 (550 x 1,067 change CPI March-November 2007) Ch$ Increase for first-category tax (0.15: 0.85) x Ch$ Taxable income for income taxes Ch$ Credit against tax ( x 0.15) Ch$ Regarding the dividend distributed, Bci sends its shareholders a certificate showing the result of this calculation and other information necessary for completing their annual tax declaration. Corporate shareholders in the Bank, obliged to maintain the Taxed Earnings Register (FUT), should consider that the dividend distributed in April 2007 comes from taxed earnings with rights to an income tax credit of 15% arising in 2000 for 28.1%, and in 2001 for 71.9%.

7 07. Shareholders Principal shareholders The following are the principal shareholders in Corporación de Soluciones Financieras Bci as of December 31, 2007: Name Shares % shareholding EMPRESAS JUAN YARUR S.A.C. 52,772, JORGE JUAN YARUR BASCUÑAN 4,177, SOCIEDAD FINANCIERA DEL RIMAC S.A. 3,434, INVERSIONES BCP LTDA. 2,989, AFP PROVIDA S.A. PARA FONDOS DE PENSIONES 2,742, AFP HABITAT S.A. PARA FONDOS DE PENSIONES 2,471, AFP CUPRUM S.A. PARA FONDOS DE PENSIONES 1,996, INVERSIONES JORDAN DOS S.A. 1,974, CITIBANK N.A. 1,942, TARASCONA CORPORATION 1,456, AFP BANSANDER S.A. PARA FONDOS DE PENSIONES 1,198, AFP SANTA MARÍA S.A. PARA FONDOS DE PENSIONES 1,191, INVERSIONES MILLARAY S.A. 1,182, INMOBILIARIA E INVERSIONES CERRO SOMBRERO S.A. 1,084, LUIS ENRIQUE YARUR REY 965, BCI CORREDOR DE BOLSA S.A. 924, BANCHILE CORREDORES DE BOLSA S.A. 769, LARRAÍN VIAL S.A. CORREDORES DE BOLSA 694, INMOBILIARIA Y COMERCIAL RECOLETA SUR LTDA. 585, MODESTO COLLADOS NUÑEZ 571, INVERSIONES VYR LTDA. 526, CELFIN CAPITAL S.A. CORREDORES DE BOLSA 472, BICE CORREDORES DE BOLSA S.A 472, AFP PLANVITAL S.A. PARA FONDOS DE PENSIONES 448, INMOBILIARIA E INVERSIONES CHOSICA S.A. 371, OTROS ACCIONISTAS 10,596, COLABORADORES Bci 845, SHARES SUBSCRIBED AND PAID (authorized share capital) 98,860, %

8 Annual Report Shareholders Agreement Shareholders related to the Yarur family, who as of December 31, 2007 held 63.4% of the subscribed and paid shares, signed a shareholders agreement dated December 30, 2004 that reaffirms their willingness to maintain the traditional unity and control of the Bank in the hands of the Yarur family, reiterating their intention to preserve the principles on which the management of the institution have been based.