Exhibit 1.1

BYLAWS OF

BANCO DE CHILE

(English Translation of Spanish Original)

May 2006



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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 $543,355,216,954, divided into 69,037,564,665 registered shares with no par value, which are fully subscribed and paid.

6thArticle:

The company shall maintain a Shareholders Registry.



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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, which it shall not have to prove 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 and two alternates,
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 a 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 a right to speak, and they shall only have a right to vote in case of a temporary
absence by 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 due to conflict of interest, limitation, bankruptcy, impossibility, unjustified absence, death, resignation and, in general, for any other 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
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|b) | If vacancies occur among directors which were not filled in the manner established in letter a), 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.
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In the case of a vacancy of one or more
alternate director for any legal cause, the vacancies shall be filled as follows:



|a) | The vacancy of the first alternate director by the second alternate director; and
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|b) | If a vacancy occurs among both alternate directors, or the second alternate director, at the next meeting of the Board of Directors the Board 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. If the Board of Directors names a replacement for an alternate director, the designee shall have the second order of precedence.
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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:

Notices of ordinary and extraordinary meetings of the Board of Directors shall be made in writing at least twenty-four hours in advance, if the formalities therefor indicated by the Corporations Regulations are met.
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, provided that the President considers the meeting necessary, except if it is requested by an absolute majority of directors in office, in which case the aforementioned consideration shall not be necessary.

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 Vice President, 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.



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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 the Act, 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 and, in the absence of the latter, by a Director appointed by the Board of Directors. 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.



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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;
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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
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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.



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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 must be held at the Shareholders Meetings, the President and the Secretary, together with the
persons appointed by the Shareholders Meeting to sign the Minutes thereof, shall evidence in a document the votes which are cast viva voce by the shareholders present, pursuant to the order of the attendance list. Any shareholder shall have a
right, however, to vote on a ballot signed by him, stating whether he is signing on behalf of himself or another. In all cases, the President of the Company or the Superintendency of Banks and Financial Institutions, as applicable, may alternatively
and indistinctly hold votes viva voce or on ballots. The President, when counting the votes, shall read the votes aloud, for all those present to be able to perform for themselves the calculation of the vote and so verify the results with
such annotation and ballots.

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.



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TITLE VIII

MANAGEMENT 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.



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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 $543,355,216,954 divided into 69,037,564,665 registered shares, with no par value, which is paid in as follows:

a) With the amount of $512,370,999,663 divided into 68,079,783,605 registered shares with no par value which corresponds to the subscribed and paid capital of Banco de
Chile at December 31, 2005, including the revaluation of shareholders equity at that date; and

b) With the amount of $30,984,217,291 which is
paid in through the issuance of 957,781,060 shares issued without payment, with no par value, paid with the fiscal year 2005 profit which was not distributed as dividends



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as agreed by the Ordinary Shareholders Meeting which was held on March 23, 2006. The new shares to be issued shall
be distributed to shareholders at the rate of 0.02461 shares issued without payment for each share they hold at the corresponding date pursuant to the law.

Second Transitional Article:

The Ordinary Shareholders Meeting of the Bank shall be held by no later than
March 31 of each year.



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