Exhibit 1.1

BYLAWS OF

BANCO DE CHILE

(English Translation of Spanish Original)

March 2011





TITLE I

NAME, DOMICILE AND DURATION
OF THE COMPANY.

1stArticle:

A Corporation is hereby established which shall be called BANCO DE CHILE, and shall be governed by these bylaws, by the General Banking Law, and by the other legal and regulatory precepts
currently in effect or such as are issued in the future that are applicable to it.

2ndArticle:

The company shall have its corporate domicile in the city and commune of Santiago, without prejudice to such branches or agencies as it establishes in
Chile or abroad, pursuant to the Law. Its Board of Directors shall meet, and its General Management shall operate in the city and commune of Santiago, where its Headquarters or Main Office shall be established.

3rdArticle:

The term of duration of the company shall be indefinite.

TITLE II

PURPOSE AND
OPERATIONS OF THE COMPANY

4thArticle:

The purpose of the Bank is to undertake all acts, contracts, business, and transactions as the General Banking Law allows banking institutions to undertake, without prejudice to expanding or restricting
its scope of action consistent with current legal precepts or such as are established in the future.

TITLE III

CAPITAL AND STOCK.

5thArticle:

The Banks capital is the amount of
CH$1,465,968,647,252, divided into 86,942,514,973 nominative shares with no par value, which are fully subscribed and paid in accordance to the First Transitional Article.

6thArticle:

The company shall maintain a Shareholders Registry.

TITLE IV

MANAGEMENT.

7thArticle:

Management of the Bank shall be exercised by a Board of
Directors, which shall represent it judicially and extrajudicially, for the realization of the corporate purpose, fact that shall not have to be proved to third parties. It is vested with all the management and disposal authorities which the law or
the present bylaws do not establish as exclusive to the Shareholders Meeting, and also for such acts and contracts with respect to which the laws require a special power of attorney. The foregoing is without prejudice to the authorities of the
General Manager. Directors shall be compensated and the amount of the compensation shall be set at the Shareholders Meeting.



---

8thArticle:

The Board of Directors shall be comprised of eleven full members (Directores Titulares) and two alternates (Directores Suplentes), whether or not shareholders, elected by
the respective Shareholders Meeting, all of whom shall hold office for three years, and may be reelected indefinitely. The election of directors shall be undertaken in a single vote, and those receiving the greatest number of votes shall be elected
until the number of people who must be elected is reached. Likewise, separately, in a single vote, the alternate directors shall be elected.

The Board of Directors elected by shareholders may only be removed in its entirety by an Ordinary or Extraordinary Shareholders Meeting, and therefore
individual removal is not allowed.

Alternate directors may always participate in meetings of the Board of Directors with right to speak, and
they shall only have right to vote in case of a temporary absence of the director they replace. The person who received the greatest number of votes among the alternates shall be the first alternate director, and the second alternate director shall
be the one who received the second greatest vote. In the case of a temporary absence of one or more directors, they may be replaced temporarily by the alternate directors in the order of precedence established in the bylaws.

In the case of a vacancy of one or more directors (Directores Titulares), for any reason, vacancies shall be filled as follows:



|a) | Vacancies of directors shall be filled by alternate directors in the aforementioned order of precedence, except if the respective alternate director in a period
of three business days calculated from the provision of notice thereof, states in writing his intention to continue as an alternate director; and
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|b) | If vacancies occur among full member directors which were not filled in the manner established in letter a) above, the Board of Directors, in the first meeting
it holds, shall proceed to name the replacement or replacements, who shall hold office until the next Ordinary Shareholders Meeting, at which time the definitive appointment shall be made. The director or directors so named by the Shareholders
Meeting shall remain in office only for the time remaining to complete the term of office of the replaced director or directors.
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

In the case of a vacancy of one or more alternate director for any cause, the Board of Directors, in the first meeting it holds, shall proceed to name
the replacement or replacements, who shall hold office until the next Ordinary Shareholders Meeting, at which time the definitive appointment shall be made. The alternate director or directors so named by the Shareholders Meeting shall remain in
office only for the time remaining to complete the term of office of the replaced director or directors. In the case the Board of Directors names a replacement for an alternate Director, the designee shall have the same order of precedence as the
replaced alternate director.

9thArticle:

Meetings of the Board of Directors shall be held with the attendance of no fewer than six of its full or alternate members, and resolutions shall be adopted by an absolute majority of directors attending
with a right to vote. In case of a tie, the chairman of the meeting shall have the deciding vote.

10thArticle:

Meetings of the Board of Directors shall be ordinary or extraordinary. Ordinary meetings shall be those that are held on the dates and at the times
established in advance by the Board of Directors, at least once per month. Extraordinary meetings shall be held when specially called by the President, himself, or at the indication of one or more directors. If the extraordinary meeting has been
requested by one or more Directors, the meeting shall be held between the fifth and seventh business day after the request. Notices of Extraordinary meetings shall be made by certified mail posted, , at least, four business days in advance, or two
business days if respective notice has been delivered through Public Notary or by the respective Chilean Consul if the Director is domiciled outside Chile. Likewise, for this type of Notices and together with the delivery of the aforesaid letter or
by posting in the mail, a copy of the Notice shall be forwarded by electronic



---

mail. A Notice to an Extraordinary meeting shall contain a reference to the matter to be dealt with, and the Notice may be omitted if all full members of the Board of Directors concur
unanimously.

11thArticle:

In the first meeting held by the Board of Directors, after the Shareholders Meeting that appointed it, the Board of Directors shall select its President and two Vice Presidents, and these persons shall
also serve in the same roles for the company. The Secretary of the Board of Directors shall also be appointed in that same meeting.

12thArticle:

Directors who, with regards to a specific transaction, have an interest themselves or as representatives of another person, shall
report such interest to the other directors and refrain from deliberating and voting.

13thArticle:

All elections of directors shall be published in a newspaper in the Banks domicile and shall be reported to the Superintendency of Banks and
Financial Institutions, to which shall be sent an authorized copy of the public deed prepared from the Minutes of the Shareholders Meeting or the meeting of the Board of Directors where the appointments have been made. The appointment of a General
Manager shall likewise be reported to the aforementioned Superintendency and be documented in a public deed.

TITLE V

PRESIDENT

14thArticle:

The President of the Bank, beyond the other powers granted to him by these bylaws or by Law, shall have the following powers and obligations:

One)He shall preside over meetings of the Board of Directors and Shareholders Meetings;

Two)To call meetings of the Board of Directors;

Three)To propose to the Board of
Directors measures whose objective is to further the business of the Bank and to improve the organization and regime of all aspects of the offices.

Four)To sign Reports and notes or resolutions which come from the Board of Directors and the Shareholders Meetings; and

Five)Except if otherwise agreed by the Shareholders Meeting or the Board of Directors, if applicable, he shall sign the public deed containing the Minutes of the meetings of the former or the
latter.

15thArticle:

In case of absence or incapacity of the President of the Bank, he shall be replaced in his functions by the Vice President appointed, with this purpose, by the Board of Directors,. Likewise, in case of
absence or incapacity of the appointed Vice President, he shall be replaced in his functions by the Director appointed by the Board of Directors, with such purpose. The replacement is an internal procedure of the company and shall not require any
formality and it shall not be necessary to prove its appropriateness to third parties for the validity of acts performed by the replacement, the mere fact of the replacements acting being sufficient for the effectiveness thereof.

TITLE VI

GENERAL MANAGER

16thArticle:

The General Manager is responsible for:

One)Lead and perform the general operations of
the Bank, making its acts conform to the laws, regulations, bylaws, and resolutions of the Board of Directors;



---

Two)Beyond the authorities corresponding to him as a business agent by reason of his position, he
shall have general agency for the Bank at all its offices, with express authority to revoke such powers of attorney as may have been granted at any time. In the legal sphere, beyond the authorities granted to him by the first section of Article
Seventh of the Civil Procedure Code, he shall have the special ones of abandoning actions filed in the first instance; accepting counterclaims; answering interrogatories; waiving appeals or legal terms; approving Agreements; settling; granting
authorities to arbitrators; and receiving money. Settlements and arbitration agreements made by the Board of Directors shall be signed by the General Manager, with no requirement beyond inserting the pertinent part of the Minutes authorized by the
Secretary in the respective public deed or private document. He may also, in any case, and without prejudice to the authorities of the President, sign public deeds or contracts agreed by the General Shareholders Meeting or the Board of Directors,
with no requirement beyond the aforementioned, provided that they must be or it is agreed that they shall be made public deeds;

Three)Appoint such Managers as must be named for the proper performance of the company business;

Four)Grant powers of attorney or
delegate all or part of his authorities, to other persons for special cases or business;

Five)Report to the Board of Directors on the
handling, management, and situation of the Bank in the manner and at the time it and/or the Superintendency of Banks and Financial Institutions determine;

Six)Attend meetings of the Board of Directors with a right to speak; and

Seven)Perform other functions decided by the Board of Directors and, in general, exercise the other functions which appertain to him pursuant to the Law and these bylaws. In case of temporary absence or inability, the General Manager shall be replaced
by the Manager designated by the Board of Directors.

TITLE VII

SHAREHOLDERS MEETINGS.

17thArticle:

Shareholders shall meet in ordinary or extraordinary meetings. The former shall be held once a year, within the four-month period following the date of
the close of the fiscal year. In those meetings the shareholders shall review all matters that it is proper for them to consider, without being limited to the matters described in the respective notice of the meeting. The latter may be held at any
time, to decide on any matter which the law or these Bylaws give to the power of the shareholders meetings and provided that such matters are indicated in the corresponding notices.

18thArticle:

The resolutions passed at properly called and convened
Shareholders Meetings pursuant to the law and the bylaws, shall bind all shareholders. Shareholder Meetings shall be held in the city of Santiago.

19thArticle:

In the elections that are to be held at the Meetings, the votes will be cast by means of ballots which will be distributed for such
purpose. The shareholders should indicate their preference by writing down name and surname of the person or people they vote for and indicate the number of shares they wish to assign to each of the nominees in their vote, for electing both full and
alternate directors, and they should place their signature. When counting the votes, the President shall read the votes aloud in order for all people present to be able to perform for themselves the calculation of the voting and thus verify the
results with such annotation and ballots. Likewise, the counting of the votes may also be carried out by a notary public as a certifying officer certifying the authenticity of the results and the calculation of the votes cast, all of which will be
registered in the act. In all cases, the Meeting of Shareholders during which the elections take place, the President of the Corporation or the Superintendence of Banks and Financial Institutions, as applicable, may alternatively or indistinctly
hold or order a viva voce voting or through ballots or by means of any other procedure indicated for such a purpose.



---

20thArticle:

If any of the persons who must sign Minutes of the Shareholders Meeting should die, be absent, or unable for any reason to sign it, a note shall be made at the end of the Minutes stating the respective
circumstances of the impediment.

21stArticle:

The Minutes shall contain an extract of what occurred in the meeting. Only upon unanimous consent of those in attendance may the evidence of any event occurring at the meeting, and which is related to the
interests of the company, be deleted.

TITLE VIII

ANNUAL REPORT AND BALANCE SHEET.

22ndArticle:

The Bank shall prepare its General Balance Sheet annually as of December thirty-first.

23rdArticle:

The Board of Directors shall present for the consideration
at the Ordinary Shareholders Meeting, a reasoned Report on the situation of the company in the last fiscal year, accompanied by the General Balance Sheet, the Statement of Profit and Loss, and the Report of the External Auditors. Each of the
shareholders registered in the Registry, who hold a minimum number of shares authorized by the Superintendency of Banks and Financial Institutions, shall be sent a copy of the Balance Sheet and the Management Report, including the opinion of the
Auditors and their respective annotations, which documents shall be sent on a date not later than that of the first notice for the respective Ordinary Meeting.

TITLE IX

DISSOLUTION AND LIQUIDATION.

24thArticle:

The Company shall be dissolved by resolution adopted in
that regard at a Extraordinary Shareholders Meeting, approved by the Superintendent of Banks and Financial Institutions in the manner stipulated by law, and for the other legal causes. The aforesaid is without prejudice to that established in Title
Fifteenth of the General Banking Law.

25thArticle:

Once the voluntary dissolution cited in the preceding article is agreed, the Shareholders Meeting shall elect a Liquidation Committee comprised of three members to proceed to effect the liquidation of the
Company, who shall have the authorities, obligations, and responsibilities stipulated in the law, subjecting themselves in their performance to the provision of the Chilean Corporations Law and its Regulations. The Shareholders Meeting shall
establish the duration of the functions of the Liquidation Committee, and shall determine the compensation of its members.

TITLE X

AUDITING THE MANAGEMENT.

26thArticle:

The Ordinary Shareholders Meeting shall annually appoint independent external auditors, in order for them to examine the
accounting, inventory, balance sheets, and financial statements of the company, and who shall have the obligation to report in writing to the next Ordinary Shareholders Meeting on the performance of their duties.



---

TITLE XI

JURISDICTION.

27thArticle:

Differences that arise among shareholders in their capacity as such, or between them and the Company or its managers, either during the life of the Company or during its liquidation, shall be submitted
for resolution to an arbitrator who shall have the ability to establish procedural rules for the proceeding and who shall be bound by the law as to decisions on the merits of the case, who must be named by joint agreement of the parties or by the
Ordinary Courts, alternatively, in case of a disagreement on his appointment. The decision rendered by the arbitrator shall be subject to a motion for appeal and cassation on the merits. Such arbitrator shall be, or have been, at the time of the
appointment, an attorney who is or has served as an auxiliary judge on the Court of Appeals of Santiago or the Supreme Court, for no less than one year. The arbitration established in this clause is without prejudice to, if a conflict occurs, the
petitioners being able to remove the matter from the jurisdiction of the arbitrator and submit it for a decision by the ordinary courts.

TRANSITIONAL ARTICLES

First
Transitional Article:

The Banks capital is the amount of CH$1,465,968,647,252 divided into 86,942,514,973 nominative shares with no
par value,, which is paid in as follows:

a) With the amount of $1,158,752,106,297 divided into 82,551,699,423 nominative shares with no par
value, which corresponds to the subscribed and paid capital of Banco de Chile at December 31, 2010.,

b) With the amount of
$240,000,000,000 which corresponds to the Banks capital increase agreed upon the Extraordinary Shareholders Meeting held on January 20, 2011, by means of the issuance of 3,385,049,365 cash shares, with no par value, Serie Banco de
Chile-S which shall be offered preferentially to the Shareholders in proportion of the shares they hold and that are registered on their names at the Shareholders Register on the fifth day prior to the press release of the advertisement that
grants the option to subscribe them. The shares shall be offered to the shareholders in accordance to the Law and the remaining shares will be offered in the local markets and eventually offshore in the terms and conditions the Board of Directors
determines.

c) With the amount of $ 67,216,540,955 which corresponds to the issuance of 1,005,766,185 fully paid in shares, of no par value,
with charge to net income obtained during the fiscal year 2010 that was not distributed as dividend, in accordance with the resolutions adopted by the Ordinary Shareholders Meeting held on March 17, 2011. The new shares that will be issued
shall be distributed between the shareholders in the proportion of 0.018838 fully paid-in shares for each share they own at the relevant date in accordance to the Law. Out of the 1,005,766,185 fully in paid shares, of no par value that shall be
issued as a consequence of the aforementioned capitalization, 899,565,201 shares shall be ordinary and 106,200,984 shares shall be ordinary shares series Banco de Chile-S, corresponding the first ones to shareholders of ordinary shares
and the second ones to shareholders of ordinary shares of the series Banco de Chile-S.

Second Transitional Article:

In the Extraordinary Meeting of Shareholders of the Banco de Chile, held on December 27th, 2007, the merger
through incorporation of Citibank Chile as an absorbed corporation into the Banco de Chile as the absorbing corporation was agreed and approved. The said Meeting agreed to materialize the merger in force and effectiveness as of January 1st, 2008 and the Banco de Chile should be understood to be the legal
successor of Citibank Chile in all effects. Because of the merger the totality of shareholders and capital of Citibank Chile will form part of Banco de Chile. Consequently, by virtue of the said merger of incorporation, and once it has materialized,
Citibank Chile will be dissolved.



---

Third Transitional article:

The Ordinary Meeting of Shareholders of the Bank should be held no later than March thirty-first of each year.

Forth Transitional article:

The distributable net income will be determined by subtracting
or adding to net income, the correction of the value of the paid-in capital and reserves according to the variation of the Consumer Price Index between November of the previous fiscal year to November of the corresponding fiscal year. The difference
between the net income and the distributable net income shall be registered in a reserve account since the first day of the following fiscal year. The reserve account that it is created by means of this transitional article cannot be distributed or
capitalized. The present transitional article shall be in force until the obligation of Law N° 19.396 owed by Sociedad Matriz del Banco de Chile S.A. directly or through its subsidiary Sociedad Administradora de la Obligación Subordinada
SAOS S.A. has been fully paid.