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1 1996 Annual reports On five occasions, we placed first in the Annual Report Competition organized annually by PricewaterhouseCoopers and Editorial Gestión.

2 new Annual Report incentives... We are motivated to maintain our reporting to be accurate, valid, reliable and relevant to the reader.

3 11. Subsidiary companies Gerardo Spoerer Hurtado General Manager Bci Administradora de Fondos Mutuos S.A. Galo Beltrán Rubira General Manager Servicios de Normalización y Cobranza -Normaliza S.A. Lily Justiniano Berardi General Manager Análisis y Servicios S.A. Benjamín Vargas Amunátegui General Manager Bci Asesoría Financiera S.A. Germán Acevedo Campos General Manager Bci Ricardo Victorero Castaño General Manager Bci Corredor de Bolsa S.A. Nelson Rojas Mena General Manager Bci Corredores de Seguros S.A. Héctor Valenzuela Lamb Manager Bci Administradora General de Fondos S.A.

4 Annual Report The subsidiary companies have generated large transaction volumes and contributed Ch$23,607 million to Bci s net income A group of companies belonging to Bci, formed to carry out the various activities permitted by the General Banking Law, commonly called business complementary as they considerably increase the services that the Bank offers its customers. These companies and the offices established in Chile and abroad make up the services network known as Bci, Corporación de Soluciones Financieras. The subsidiary companies in 2007 generated large transaction volumes and contributed Ch$23,607 million to Bci s net income, as the following summary shows: Net (millones de pesos) Subsidiary Total assets income Assets managed Amount Bci Corredores de Bolsa S.A. 380,010 2,034 Bci Administradora de Fondos Mutuos S.A 30,998 5, ,400,064(*) Bci Factoring S.A. 349,561 6,859 Bci Corredores de Seguros S.A. 7,153 5,833 Bci Securitizadora S.A. 1, ,869 (**) Bci Asesoría Financiera S.A. 1, Bci Administradora General de Fondos S.A. 423 (133) 2 8,432 (*) Servicios de Normalización y Cobranza - Normaliza S.A. 4,627 2,189 Análisis y Servicios S.A. 1,975 (1) Total 777,517 23,607 (*) daily average (**) sum of the separate equities

5 11. Subsidiary companies The following are brief descriptions of the business of the subsidiary companies: Bci Corredor de Bolsa S.A. Functioning since 1987, this specializes in the trading of Chilean and foreign fixed and variableincome financial instruments. It offers custody and investment portfolio management services, operates on the country s stock exchanges and is connected to the principal stock markets abroad. Bci Administradora de Fondos Mutuos S.A. With 20 years in the market, this company is responsible for managing 31 mutual funds structured in various securities portfolios, including the management of short-term debt instruments for the investment of transitory cash surpluses in pesos or dollars, long-term debt instruments for more permanent investments and portfolios consisting of Chilean or foreign equities, generally with a guarantee for the amount initially invested. Bci Factoring S.A. A company constituted in 1994 whose object is to purchase debt instruments of any kind from businesses that need to maintain their short-term liquidity. It has offices in Santiago and the country s largest cities, plus an international network (IFC) that enables it to offer its services abroad with a coverage of over 60 countries. Bci Corredores de Seguros S.A. This has been operating since 1998 in the brokerage of general, life and pension insurance policies, with any of the insurance companies established in Chile. In 2007, it was merged with Genera Corredores de Seguros Ltda., part of the Banco Conosur group acquired by Bci. Bci Securitizadora S.A. Formed in 2001, its object is to acquire commercial loans which are packaged in the company, separated from its own assets, against which short or long-term bonds are issued for placement in the market.

6 Annual Report Bci Asesoría Financiera S.A. This company started business in Its basic function is to provide advice in the study, analysis, evaluation and search for alternative sources of finance for companies, and the restructuring of their debt, or in negotiations for acquiring, capitalizing, selling or merging companies. It also advises on the issue and placement of company shares, bonds and debentures and recommends the investment of funds in certain instruments in the Chilean and international capital markets. Bci Administradora General de Fondos S.A. This company was constituted in 2006 and, as its name indicates, manages various classes of funds including its own mutual funds, investment funds, foreign capital investment funds, funds for housing and any other type of fund that is regulated by the Superintendency of Securities and Insurance. Servicios de Normalización y Cobranza - Normaliza S.A. This was formed in 1998 to provide extra-judicial recovery services of any debt obligation in favor of Bci. In 2007, it was merged with Servicios de Cobranza Externa Ltda., part of the Banco Conosur group acquired by Bci. Análisis y Servicios S.A. This started business in Its main function is to gather and pre-evaluate economic information on potential customers as support for the placing of products and services offered by the Bank.

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