BANK OF CHILE | CIK:0001161125 | 3

  • Filed: 4/27/2018
  • Entity registrant name: BANK OF CHILE (CIK: 0001161125)
  • Generator: Merrill
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1161125/000110465918027756/0001104659-18-027756-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1161125/000110465918027756/bch-20171231.xml
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  • ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory

    (ab) Provision for minimum dividends:

     

    The Bank records within liabilities the portion of net income for the year that should be distributed to comply with the Chilean Corporations Law. For these purposes, the Bank establishes a provision in a complementary equity account within retained earnings.