Green Bond Fact Sheet

Banco de Chile

Date: 17/09/2019

Issue date: 30-08-2019 Maturity date: 30-08-2031 Tenor: 12Issuer Name

Banco de Chile

Amount Issued

USD48mCountry of risk

Chile

CBI Database

IncludedIssuer Type1

Financial corporate

Bond TypeGreen Bond Framework

N/A

Second party opinion

N/A

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

N/A☒ Energy☐ Solar☐ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Buildings☐ Certified Buildings☐ HVAC systems☐ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emission
vehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
Reporting

No reporting commitment identified. Bond prospectus not available.

Issuer information

Banco de Chile is one of the largest banks in Chile. It is a commercial bank that provides acomplete range of financial services to a client base, which includes large corporations,
SMEs and private clients. Its HQ is in Santiago.

Firsts, records andcertificationsFirst green bond from a Chilean financial institution (both private and public). Also the firstChilean green bond to finance renewable energy only.

Proceeds description

According to the bank’s press release, the proceeds will finance/refinance renewableenergy projects across Chile.

Climate Bonds view

Chile’s green bond market has been expanding strongly this year (driven by the twosovereign deals). As the first ever from a Chilean financial corporate, this deal will hopefully
encourage more banks to issue green debt. BancoEstado, a state-owned bank, issued asocial bond earlier this year.
However, we encourage Banco de Chile to provide clear and transparent disclosure on theuse of proceeds and impacts, especially since there was no external review at issuance. For
example, there is no information about which types of energy projects are being funded.

Underwriters
Deal comments
Credit Rating
Pricing summary
Investors summary

1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign