Document and Entity Information
Document and Entity Information | 12 Months Ended |
Dec. 31, 2022 shares | |
Document and entity information | |
Document Type | 20-F |
Document Registration Statement | false |
Document Annual Report | true |
Current Fiscal Year End Date | --12-31 |
Document Transition Report | false |
Document Shell Company Report | false |
Entity File Number | 001-32305 |
Entity Registrant Name | BANCO ITAU CHILE |
Entity Incorporation, State or Country Code | F3 |
Entity Address, Address Line One | Av. Presidente Riesco 5537 |
Entity Address, Address Line Two | Las Condes |
Entity Address, City or Town | Santiago |
Entity Address, Country | CL |
Entity Common Stock, Shares Outstanding | 973,517,871,202 |
Entity Well-known Seasoned Issuer | Yes |
Entity Voluntary Filers | No |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Filer Category | Large Accelerated Filer |
Entity Emerging Growth Company | false |
ICFR Auditor Attestation Flag | true |
Document Accounting Standard | International Financial Reporting Standards |
Entity Shell Company | false |
Entity Central Index Key | 0001276671 |
Document Period End Date | Dec. 31, 2022 |
Document Fiscal Year Focus | 2022 |
Document Fiscal Period Focus | FY |
Amendment Flag | false |
Auditor Firm ID | 1364 |
Auditor Name | PricewaterhouseCoopers Consultores, Auditores y Compañía Limitada |
Auditor Location | Santiago, Chile |
Business Contact | |
Document and entity information | |
Entity Address, Address Line One | Presidente Riesco 5537 |
Entity Address, Address Line Two | Las Condes |
Entity Address, City or Town | Santiago |
Entity Address, Country | CL |
City Area Code | 562 |
Local Phone Number | 2660-1701 |
American Depositary Shares | |
Document and entity information | |
Title of 12(b) Security | American Depositary Shares representing common shares |
Trading Symbol | ITCB |
Security Exchange Name | NYSE |
Common Stock | |
Document and entity information | |
Title of 12(b) Security | Common shares, without par value* |
Security Exchange Name | NYSE |
No Trading Symbol Flag | true |
Consolidated Statements of Fina
Consolidated Statements of Financial Position $ in Millions, $ in Millions | Dec. 31, 2022 CLP ($) | Dec. 31, 2021 CLP ($) |
ASSETS | ||
Cash and deposits in banks | $ 3,058,752 | $ 3,473,392 |
Cash items in process of collection | 494,994 | 438,496 |
Financial instruments at fair value through profit or loss | 472,283 | 332,724 |
Financial instruments at fair value through other comprehensive income | 3,735,290 | 3,660,450 |
Interbank loans at amortized cost | 46,122 | 80,554 |
Financial derivatives contracts held for hedge accounting | 138,548 | 83,123 |
Loans and accounts receivable from customers at amortized cost | 25,711,811 | 23,795,548 |
Financial instruments at amortized cost | 1,013,943 | 187,455 |
Investments under resale agreements | 162,774 | 606,178 |
Financial derivatives contracts held for trading | 3,617,792 | 2,897,803 |
Investments in associates | 11,584 | 9,152 |
Intangible assets | 693,790 | 699,344 |
Property, plant, and equipment | 60,196 | 71,933 |
Right of use assets under lease agreements | 89,539 | 110,781 |
Current taxes | 88,353 | 58,184 |
Deferred taxes | 274,612 | 272,211 |
Other assets | 629,683 | 810,521 |
Other non-current assets held for sale | 20,700 | 12,394 |
TOTAL ASSETS | 40,320,766 | 37,600,243 |
LIABILITIES | ||
Deposits and other demand liabilities | 5,555,185 | 7,576,095 |
Cash in process of being cleared | 456,957 | 424,358 |
Obligations under repurchase agreements | 354,088 | 466,006 |
Time deposits and other time liabilities | 12,703,653 | 10,097,443 |
Financial derivatives contracts held for trading | 3,426,141 | 2,757,342 |
Financial derivatives contracts held for hedge accounting | 218,733 | 168,245 |
Interbank borrowings | 4,728,323 | 4,918,423 |
Debt instruments issued | 6,547,807 | 5,609,795 |
Financial instruments of regulatory capital issued | 1,263,169 | 1,153,045 |
Other financial liabilities | 359,573 | 42,435 |
Lease contracts liabilities | 94,575 | 115,544 |
Current taxes | 77 | 1,332 |
Provisions | 287,134 | 235,347 |
Other liabilities | 1,007,562 | 709,612 |
TOTAL LIABILITIES | 37,002,977 | 34,275,022 |
Attributable to equity holders of the Bank: | ||
Capital | 2,687,951 | 2,688,131 |
Reserves | 227,839 | 467,279 |
Valuation accounts | (102,108) | (97,968) |
Retained earnings (losses): | 503,233 | 190,068 |
Retained earnings (accumulated losses) from prior years | 190,068 | |
Net income (loss) for the year | 443,288 | 273,410 |
Less: Provision for mandatory dividends | (130,123) | (83,342) |
Total equity attributable to equity holders of the Bank | 3,316,915 | 3,247,510 |
Non-controlling interest | 874 | 77,711 |
TOTAL EQUITY | 3,317,789 | 3,325,221 |
TOTAL LIABILITIES AND EQUITY | $ 40,320,766 | $ 37,600,243 |
Consolidated Statements of Inco
Consolidated Statements of Income (Loss) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Profit or loss [abstract] | |||
Interest income | $ 3,177,133 | $ 1,687,502 | $ 1,549,674 |
Interest expense | (2,006,666) | (711,195) | (683,237) |
Net interest income | 1,170,467 | 976,307 | 866,437 |
Fee and commission income | 263,140 | 226,809 | 204,378 |
Fee and commission expense | (90,141) | (73,267) | (63,379) |
Net fee and commission income | 172,999 | 153,542 | 140,999 |
Net income from financial operations | 200,841 | 55,910 | 110,887 |
Net foreign exchange gain (loss) | (51,516) | 149,165 | (74,464) |
Other operating income | 34,229 | 29,278 | 65,578 |
Net operating profit before provision for loan losses | 1,527,020 | 1,364,202 | 1,109,437 |
Provision for loan losses | (333,663) | (262,440) | (466,230) |
NET OPERATING PROFIT | 1,193,357 | 1,101,762 | 643,207 |
Personnel salaries and expenses | (341,498) | (306,720) | (292,191) |
Administrative expenses | (298,112) | (257,970) | (257,753) |
Depreciation and amortization | (96,187) | (101,583) | (126,444) |
Impairment | (10) | (91) | (814,879) |
Other operating expenses | (47,177) | (43,243) | (90,511) |
Total operating expenses | (782,984) | (709,607) | (1,581,778) |
TOTAL OPERATING INCOME (LOSS) | 410,373 | 392,155 | (938,571) |
Income (loss) from investments in associates | 2,429 | (287) | (2,794) |
Operating (loss) income before income taxes | 412,802 | 391,868 | (941,365) |
Income taxes | 30,558 | (115,631) | 115,210 |
Consolidated income (loss) from continuing operations | 443,360 | 276,237 | (826,155) |
TOTAL CONSOLIDATED INCOME (LOSS) FOR THE YEAR | 443,360 | 276,237 | (826,155) |
Attributable to: | |||
Equity holders of the Bank | 443,288 | 273,410 | (808,784) |
Non-controlling interest | $ 72 | $ 2,827 | $ (17,371) |
Earnings (losses) per share attributable to equity holders of the Bank (in Chilean pesos) | |||
Basic earnings (loss) per share | $ 0.455 | $ 0.457 | $ (1.578) |
Diluted earnings (loss) per share | $ 0.455 | $ 0.457 | $ (1.578) |
Consolidated Statements of Othe
Consolidated Statements of Other Comprehensive Income (Loss) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement of comprehensive income [abstract] | |||
CONSOLIDATED INCOME (LOSS) FOR THE YEAR | $ 443,360 | $ 276,237 | $ (826,155) |
OTHER COMPREHENSIVE INCOME (LOSS) WHICH MAY BE RECLASSIFIED SUBSEQUENTLY TO PROFIT OR LOSS: | |||
Debt instruments at fair value through other comprehensive income | 41,668 | (166,448) | (8,235) |
Exchange differences on investment in Colombia and New York branch | (79,139) | 59,221 | (71,771) |
Gain (loss) from hedge of net investments in foreign operations | (42,102) | (26,422) | 80,722 |
Gain (loss) from cash flows hedges | (25,774) | 46,270 | (5,682) |
Other comprehensive income (loss) before income taxes | (105,347) | (87,379) | (4,966) |
Income taxes related to debt instruments at FV through OCI | (7,799) | 10,569 | 1,558 |
Income taxes related to hedge of net investment in foreign operations | 3,749 | 18,417 | (21,795) |
Income taxes related to cash flows hedges | 15,882 | (19,092) | (3,034) |
Income taxes on other comprehensive income (loss) | 11,832 | 9,894 | (23,271) |
Other comprehensive income (loss) which may be reclassified subsequently to profit or loss, net of income taxes | (93,515) | (77,485) | (28,237) |
OTHER COMPREHENSIVE INCOME (LOSS) WHICH MAY NOT BE RECLASSIFIED SUBSEQUENTLY TO PROFIT OR LOSS: | |||
Defined benefits obligations | 2,309 | 3,409 | (3) |
Income taxes related to defined benefits obligations | (1,061) | (274) | (19) |
Changes in the fair value of equity investments at fair value through other comprehensive income | 1,739 | (484) | 356 |
Other comprehensive loss which may not be reclassified subsequently to profit or loss, net of income taxes | 2,987 | 2,651 | 334 |
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) FOR THE YEAR | (90,528) | (74,834) | (27,903) |
CONSOLIDATED COMPREHENSIVE INCOME (LOSS) FOR THE YEAR | 352,832 | 201,403 | (854,058) |
Attributable to: | |||
Equity holders of the Bank | 352,962 | 192,779 | (828,700) |
Non-controlling interest | $ (130) | $ 8,624 | $ (25,358) |
Consolidated Statements of Chan
Consolidated Statements of Changes in Equity - CLP ($) $ in Thousands | Number of shares issued [member] | Capital [Member] | Revaluation surplus [member] | Other equity interest [member] | Valuation Accounts [member] Increase (decrease) due to changes in accounting policy required by IFRSs, cumulative effect at date of initial application [member] IFRS 9 [member] | Valuation Accounts [member] | Retained Earnings Prior Year [Member] | Retained earnings1 [member] | Provision for mandatory dividends [member] | Total Attributable to Equity Holders of the Bank [Member] Increase (decrease) due to changes in accounting policy required by IFRSs, cumulative effect at date of initial application [member] IFRS 9 [member] | Total Attributable to Equity Holders of the Bank [Member] | Non controlling Interest [Member] | Increase (decrease) due to changes in accounting policy required by IFRSs, cumulative effect at date of initial application [member] IFRS 9 [member] | Total |
Beginning Balance at Dec. 31, 2019 | $ 1,862,826,000 | $ 451,011,000 | $ 744,838,000 | $ 47,117,000 | $ 164,221,000 | $ (38,120,000) | $ 3,231,893,000 | $ 94,445,000 | $ 3,326,338,000 | |||||
Beginning Balance at Dec. 31, 2019 | 512,407,000,000 | 512,406,760,091 | ||||||||||||
Disclosure of equity [line items] | ||||||||||||||
Distribution of prior year's net income | ||||||||||||||
Ending Balance at Jan. 01, 2020 | 1,862,826,000 | 451,011,000 | 744,838,000 | 47,117,000 | 164,221,000 | (38,120,000) | 3,231,893,000 | 94,445,000 | 3,326,338,000 | |||||
Ending Balance at Jan. 01, 2020 | 512,407,000,000 | |||||||||||||
Beginning Balance at Dec. 31, 2019 | 1,862,826,000 | 451,011,000 | 744,838,000 | 47,117,000 | 164,221,000 | (38,120,000) | 3,231,893,000 | 94,445,000 | $ 3,326,338,000 | |||||
Beginning Balance at Dec. 31, 2019 | 512,407,000,000 | 512,406,760,091 | ||||||||||||
Disclosure of equity [line items] | ||||||||||||||
Transfer of gain on disposal of equity investments at fair value through other comprehensive income to retained earnings | $ (377,000) | |||||||||||||
Ending Balance at Dec. 31, 2020 | 1,862,826,000 | 451,011,000 | 744,838,000 | 26,824,000 | 37,533,000 | (808,784,000) | 2,314,248,000 | 69,087,000 | $ 2,383,335,000 | |||||
Ending Balance at Dec. 31, 2020 | 512,407,000,000 | 512,406,760,091 | ||||||||||||
Beginning Balance at Jan. 01, 2020 | 1,862,826,000 | 451,011,000 | 744,838,000 | 47,117,000 | 164,221,000 | (38,120,000) | 3,231,893,000 | 94,445,000 | $ 3,326,338,000 | |||||
Beginning Balance at Jan. 01, 2020 | 512,407,000,000 | |||||||||||||
Disclosure of equity [line items] | ||||||||||||||
Distribution of prior year's net income | (127,065,000) | (127,065,000) | (127,065,000) | |||||||||||
Provision for mandatory dividends | 38,120,000 | 38,120,000 | 38,120,000 | |||||||||||
Transfer of gain on disposal of equity investments at fair value through other comprehensive income to retained earnings | (377,000) | 377,000 | ||||||||||||
Comprehensive income (loss) for the period | (19,916,000) | (808,784,000) | (828,700,000) | (25,358,000) | (854,058,000) | |||||||||
Ending Balance at Dec. 31, 2020 | 1,862,826,000 | 451,011,000 | 744,838,000 | 26,824,000 | 37,533,000 | (808,784,000) | 2,314,248,000 | 69,087,000 | $ 2,383,335,000 | |||||
Ending Balance at Dec. 31, 2020 | 512,407,000,000 | 512,406,760,091 | ||||||||||||
Disclosure of equity [line items] | ||||||||||||||
Distribution of prior year's net income | (451,011,000) | (321,720,000) | (37,533,000) | 808,784,000 | ||||||||||
Ending Balance at Jan. 01, 2021 | 1,862,826,000 | 423,118,000 | 26,824,000 | 2,312,768,000 | 69,087,000 | $ 2,381,855,000 | ||||||||
Ending Balance at Jan. 01, 2021 | 512,407,000,000 | |||||||||||||
Beginning Balance at Dec. 31, 2020 | 1,862,826,000 | 451,011,000 | 744,838,000 | 26,824,000 | 37,533,000 | (808,784,000) | 2,314,248,000 | 69,087,000 | $ 2,383,335,000 | |||||
Beginning Balance at Dec. 31, 2020 | 512,407,000,000 | 512,406,760,091 | ||||||||||||
Disclosure of equity [line items] | ||||||||||||||
Transfer of gain on disposal of equity investments at fair value through other comprehensive income to retained earnings | $ (60,847,000) | |||||||||||||
Ending Balance at Dec. 31, 2021 | 2,688,131,000 | 467,279,000 | 467,279,000 | (97,968,000) | 273,410,000 | (83,342,000) | 3,247,510,000 | 77,711,000 | $ 3,325,221,000 | |||||
Ending Balance at Dec. 31, 2021 | 973,518,000,000 | 973,517,871,202 | ||||||||||||
Beginning Balance at Jan. 01, 2021 | 1,862,826,000 | 423,118,000 | 26,824,000 | 2,312,768,000 | 69,087,000 | $ 2,381,855,000 | ||||||||
Beginning Balance at Jan. 01, 2021 | 512,407,000,000 | |||||||||||||
Disclosure of equity [line items] | ||||||||||||||
Capital increase | 825,305,000 | 825,305,000 | 825,305,000 | |||||||||||
Capital increase (in units) | 461,111,000,000 | |||||||||||||
Provision for mandatory dividends | (83,342,000) | (83,342,000) | (83,342,000) | |||||||||||
Transfer of gain on disposal of equity investments at fair value through other comprehensive income to retained earnings | 44,161,000 | (44,161,000) | ||||||||||||
Comprehensive income (loss) for the period | (80,631,000) | 273,410,000 | 192,779,000 | 8,624,000 | 201,403,000 | |||||||||
Ending Balance at Dec. 31, 2021 | 2,688,131,000 | 467,279,000 | 467,279,000 | (97,968,000) | 273,410,000 | (83,342,000) | 3,247,510,000 | 77,711,000 | $ 3,325,221,000 | |||||
Ending Balance at Dec. 31, 2021 | 973,518,000,000 | 973,517,871,202 | ||||||||||||
Disclosure of equity [line items] | ||||||||||||||
Distribution of prior year's net income | 273,410,000 | (273,410,000) | ||||||||||||
Ending Balance at Jan. 01, 2022 | 2,688,131,000 | 467,279,000 | $ 86,186,000 | (11,782,000) | 273,410,000 | (83,342,000) | $ 86,186,000 | 3,333,696,000 | 77,711,000 | $ 86,186,000 | $ 3,411,407,000 | |||
Ending Balance at Jan. 01, 2022 | 973,518,000,000 | |||||||||||||
Beginning Balance at Dec. 31, 2021 | 2,688,131,000 | 467,279,000 | 467,279,000 | (97,968,000) | 273,410,000 | (83,342,000) | 3,247,510,000 | 77,711,000 | $ 3,325,221,000 | |||||
Beginning Balance at Dec. 31, 2021 | 973,518,000,000 | 973,517,871,202 | ||||||||||||
Disclosure of equity [line items] | ||||||||||||||
Transfer of gain on disposal of equity investments at fair value through other comprehensive income to retained earnings | $ (61,330,000) | |||||||||||||
Ending Balance at Dec. 31, 2022 | 2,687,951,000 | 227,839,000 | 227,839,000 | (102,108,000) | 190,068,000 | 443,288,000 | (130,123,000) | 3,316,915,000 | 874,000 | $ 3,317,789,000 | ||||
Ending Balance at Dec. 31, 2022 | 973,518,000,000 | 973,517,871,202 | ||||||||||||
Beginning Balance at Jan. 01, 2022 | 2,688,131,000 | 467,279,000 | $ 86,186,000 | (11,782,000) | 273,410,000 | (83,342,000) | $ 86,186,000 | 3,333,696,000 | 77,711,000 | $ 86,186,000 | $ 3,411,407,000 | |||
Beginning Balance at Jan. 01, 2022 | 973,518,000,000 | |||||||||||||
Disclosure of equity [line items] | ||||||||||||||
Distribution of prior year's net income | (83,342,000) | 83,342,000 | ||||||||||||
Provision for mandatory dividends | (130,123,000) | (130,123,000) | (130,123,000) | |||||||||||
Termination of accounting hedges highly probable transactions | 44,771,000 | (44,771,000) | ||||||||||||
Other movements | (180,000) | 115,000 | (65,000) | (65,000) | ||||||||||
Acquision of MCC entities | (19,331,000) | (19,331,000) | (19,331,000) | |||||||||||
Comprehensive income (loss) for the period | (45,555,000) | 443,288,000 | 397,733,000 | (130,000) | 397,603,000 | |||||||||
Increase participation in Colombia | (264,995,000) | (264,995,000) | (76,707,000) | (341,702,000) | ||||||||||
Ending Balance at Dec. 31, 2022 | $ 2,687,951,000 | $ 227,839,000 | $ 227,839,000 | $ (102,108,000) | $ 190,068,000 | $ 443,288,000 | $ (130,123,000) | $ 3,316,915,000 | $ 874,000 | $ 3,317,789,000 | ||||
Ending Balance at Dec. 31, 2022 | 973,518,000,000 | 973,517,871,202 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | |||
Operating income (loss) before income taxes | $ 412,802 | $ 391,868 | $ (941,365) |
Debits (credits) to income that do not represent cash flows | |||
Depreciation and amortization | 96,187 | 101,583 | 126,444 |
Provisions for loans and accounts receivable from customers and interbank loans | 418,379 | 325,955 | 527,078 |
Provisions and write-offs for assets received in lieu of payment | 24,006 | 282,176 | 4,006 |
Provisions for contingencies | 986 | 1,038 | 3,119 |
Impairment | 10 | 91 | 814,879 |
Net gain on sale of loans and accounts receivable from customers | (4,734) | (12,132) | (6,476) |
Income received from Financial instruments at fair value through profit or loss | 212,522 | (60,655) | (64,410) |
Income received from sale of Financial instruments at fair value through other comprehensive income | (23,123) | 30,719 | (58,092) |
Net interest income | (1,170,467) | (976,307) | (866,437) |
Fee and commission income | (263,140) | (226,809) | (204,378) |
Fee and commission expense | 90,141 | 73,267 | 63,379 |
Net foreign exchange gain (loss) | 51,516 | (149,165) | 74,464 |
Net gain on sale of property, plant and equipment | 2,875 | (86) | 131 |
Net gain on sale of assets received in lieu of payment | (3,684) | (5,758) | (3,287) |
Net gain on sale of assets held for sale | (970) | ||
Increase (decrease) on deferred tax assets and liabilities | 21,759 | (40,345) | (109,848) |
Other charges (credits) that do not represent cash flows | (5,674) | (508) | 39,013 |
Subtotal | (139,639) | (265,068) | (602,750) |
Loans and accounts receivable from customers and interbank loans | (1,916,536) | (2,344,142) | 745,029 |
Investments under resale agreements | 443,404 | (21,841) | (45,109) |
Obligations under repurchase agreements | 264,535 | (172,845) | 79,394 |
Financial instruments at fair value through profit or loss | (142,676) | 67,766 | 17,895 |
Financial instruments at fair value through other comprehensive income | 45,635 | 188,134 | (1,749,279) |
Financial instruments at amortized cost | (118,697) | (89,802) | 4,039 |
Other assets and liabilities | (186,851) | (426,903) | 111,619 |
Time deposits and other time liabilities | 2,606,210 | (1,335,621) | (187,123) |
Deposits and other demand liabilities | (2,020,910) | 1,378,689 | 1,323,958 |
Foreign borrowings obtained | 4,206,362 | 3,225,153 | 3,326,628 |
Repayment of foreign borrowings | (4,506,966) | (2,456,214) | (2,450,227) |
Interest paid | (1,062,046) | (638,567) | (597,602) |
Interest received | 2,079,164 | 1,639,859 | 1,471,570 |
Net fee and commission income | 116,074 | 117,759 | 110,902 |
Taxes paid | (62,634) | (103,018) | (152,593) |
Repayment of other borrowings | 29,312 | 157 | |
Proceeds from sale of assets received in lieu of payment | 4,027 | 18,097 | 26,247 |
Net cash flows provided by (used in) operating activities | (391,544) | (1,189,252) | 1,432,755 |
CASH FLOWS FROM INVESTMENT ACTIVITIES: | |||
Purchase of property, plant and equipment and intangible assets | (57,812) | (46,170) | (67,675) |
Sales of property, plant and equipment | 4,076 | 98 | 157 |
Proceeds from sale of assets held for sale | 1,550 | ||
Payments for investments in subsidiaries, net of cash acquired | (351,434) | ||
Proceeds (payments) for investments in associates | 1,763 | (106) | (338) |
Net cash flows provided by (used in) investing activities | (403,407) | (46,178) | (66,306) |
CASH FLOWS FROM FINANCING ACTIVITIES: | |||
Borrowing obtained from the Central Bank of Chile | 750,000 | 3,781,200 | |
Payments of borrowings from the Central Bank of Chile | (1,524,000) | ||
Debt instruments issued | 1,049,243 | 794,125 | 408,402 |
Payments of debt issued | (746,838) | (470,437) | (935,094) |
Payments of financial instruments of regulatory capital | (60,178) | (53,737) | |
Dividends paid | (83,332) | (2) | (127,086) |
Payments of lease liabilities | (24,677) | (31,547) | (33,687) |
Capital increase | 825,305 | ||
Net cash flows provided by financing activities | 134,218 | 1,813,707 | 1,569,735 |
Effect of changes in exchange rates | 473,360 | 289,687 | 122,133 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (187,373) | 867,964 | 3,058,317 |
Cash and cash equivalents at the beginning of the year | 5,374,220 | 4,506,256 | 1,447,939 |
Cash and cash equivalents at end of the year | 5,186,847 | 5,374,220 | 4,506,256 |
Net increase (decrease) in cash and cash equivalents | $ (187,373) | $ 867,964 | $ 3,058,317 |
Consolidated Statements of Ca_2
Consolidated Statements of Cash Flows (Parenthetical) CLF in Millions, $ in Millions | 12 Months Ended | ||||
Dec. 31, 2022 CLF | Dec. 31, 2021 CLF | Dec. 31, 2022 CLP ($) | Dec. 31, 2021 CLP ($) | Dec. 31, 2020 CLP ($) | |
COMPONENTS OF CASH AND CASH EQUIVALENT AT END OF PERIOD | |||||
Cash and deposits in banks | $ | $ 3,058,752 | $ 3,473,392 | $ 3,089,072 | ||
Cash items in process of collection net (1) | $ | 38,037 | 14,138 | 18,960 | ||
Highly liquid financial instruments (2) | $ | 1,927,284 | 1,347,463 | 1,337,754 | ||
Investments under resale agreements (3) | $ | 162,774 | 539,227 | 60,470 | ||
Totals cash and cash equivalents | $ | 5,186,847 | 5,374,220 | $ 4,506,256 | ||
Debt instruments issued opening balance | CLF 9,909,661 | CLF 8,644,813 | |||
Cash flows received | 1,049,243 | 1,544,125 | |||
Cash flows payments | (831,693) | (555,721) | |||
Changes other than cash | (5,264) | 7,390 | |||
Other changes different of cash acquisition | 9,113 | (15,503) | |||
Other changes different of cash interest | 1,072,352 | 530,427 | |||
Other changes different of cash currency movement | (114,768) | (8,296) | |||
Other changes different of cash Changes in fair value | (156,869) | (237,574) | |||
Debt instruments issued ending balance | 10,931,775 | 9,909,661 | |||
Dividends | |||||
Dividends paid | (83,323) | (2) | |||
Capital increase | (9) | 825,305 | |||
Total Dividends paid | (83,323) | (2) | |||
Subtotal cash flows from financing activities - Cash flows received | 1,049,234 | 2,369,430 | |||
Subtotal cash flows from financing activities - Cash flows payments | (915,016) | (555,723) | |||
Total cash flows from financing activities from liabilities (net) | 134,218 | 1,813,707 | |||
Financial assets at fair value through profit or loss, category [member] | |||||
COMPONENTS OF CASH AND CASH EQUIVALENT AT END OF PERIOD | |||||
Highly liquid financial instruments (2) | $ | 161,019 | 130,421 | |||
Financial assets at fair value through other comprehensive income [member] | |||||
COMPONENTS OF CASH AND CASH EQUIVALENT AT END OF PERIOD | |||||
Highly liquid financial instruments (2) | $ | $ 1,766,265 | $ 1,217,042 | |||
Borrowings obtained from Chilean Central Bank [member] | |||||
COMPONENTS OF CASH AND CASH EQUIVALENT AT END OF PERIOD | |||||
Debt instruments issued opening balance | 3,007,242 | 2,257,226 | |||
Cash flows received | 750,000 | ||||
Other changes different of cash interest | 16 | ||||
Other changes different of cash currency movement | 42 | ||||
Debt instruments issued ending balance | 3,007,284 | 3,007,242 | |||
Mortgage finance bonds [member] | |||||
COMPONENTS OF CASH AND CASH EQUIVALENT AT END OF PERIOD | |||||
Debt instruments issued opening balance | 24,035 | 30,846 | |||
Cash flows payments | (5,095) | (9,025) | |||
Other changes different of cash interest | 2,214 | ||||
Debt instruments issued ending balance | 18,940 | 24,035 | |||
Bonds Senior [Member] | |||||
COMPONENTS OF CASH AND CASH EQUIVALENT AT END OF PERIOD | |||||
Debt instruments issued opening balance | 5,609,795 | 5,123,825 | |||
Cash flows received | 1,049,243 | 794,125 | |||
Cash flows payments | (741,743) | (461,412) | |||
Changes other than cash | 1,866 | ||||
Other changes different of cash interest | 889,343 | 398,696 | |||
Other changes different of cash currency movement | (101,962) | (9,731) | |||
Other changes different of cash Changes in fair value | (156,869) | (237,574) | |||
Debt instruments issued ending balance | 6,547,807 | 5,609,795 | |||
Bonds Subordinated [Member] | |||||
COMPONENTS OF CASH AND CASH EQUIVALENT AT END OF PERIOD | |||||
Debt instruments issued opening balance | 1,153,045 | 1,081,031 | |||
Cash flows payments | (60,178) | (53,737) | |||
Other changes different of cash interest | 179,374 | 125,751 | |||
Other changes different of cash currency movement | (9,072) | ||||
Debt instruments issued ending balance | 1,263,169 | 1,153,045 | |||
Lease contract liabilities [member] | |||||
COMPONENTS OF CASH AND CASH EQUIVALENT AT END OF PERIOD | |||||
Debt instruments issued opening balance | 115,544 | 151,885 | |||
Cash flows payments | (24,677) | (31,547) | |||
Changes other than cash | (5,264) | 5,524 | |||
Other changes different of cash acquisition | 9,113 | (15,503) | |||
Other changes different of cash interest | 3,635 | 3,750 | |||
Other changes different of cash currency movement | (3,776) | 1,435 | |||
Debt instruments issued ending balance | CLF 94,575 | CLF 115,544 |
General Information and Summary
General Information and Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
General Information and Summary of Significant Accounting Policies | Note 1 – General Information and Summary of Significant Accounting Policies General Information – Background of Banco Itaú Chile and subsidiaries Banco Itaú Chile (the “Bank”) is a corporation incorporated under the laws of the Republic of Chile and regulated by the Commission for the Financial Market (hereinafter, “CMF”, for its acronym in Spanish). The entity is the consequence of the merger of Banco Itaú Chile and Corpbanca, which took place on April 1, 2016, with the latter being the legal successor. As approved in the Extraordinary Shareholders’ Meeting held on January 19, 2023 and pursuant to Resolution No. 2,215, issued on March 28, 2023 by the Commission for the Financial Market, the Bank modified its bylaw and changed the name to Banco Itaú Chile and subsidiaries, formerly named Itau CorpBanca and subsidiaries, further information is presented on Note 39. As of December 31, 2022 the Bank is controlled by Itaú Unibanco, which holds a 65.62% ownership. The remaining 34.38% is owned by minority shareholders. Banco Itaú Chile is headquartered in Chile and has operations in Colombia and Panama, In addition, Banco Itaú Chile has a branch in New York and a representative office in Lima, The Bank has total consolidated assets for MCh$40,320,766 (MUS$47,197) and its consolidated equity for MCh$3,317,789 (MUS$3,884), Focused on large and medium size companies and people, Banco Itaú Chile offers universal banking services. The legal address of Banco Itaú Chile is Presidente Riesco No 5537, Las Condes, Santiago, Chile, and its website is www.itau.cl These Consolidated Financial Statements as of December 31, 2022, were approved by the Board of Directors on April 25, 2023. Significant Accounting Policies and Others a) Accounting period The Consolidated Financial Statements are referred as of December 31, 2022 and 2021 and comprise the years ended December 31, 2022, 2021 and 2020. b) Basis of preparation of the Consolidated Financial Statements These Consolidated Financial Statements have been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS-IASB”). Notes to these Consolidated Financial Statements contain information additional to that disclosed in the Consolidated Statements of Financial Position, Consolidated Statements of Income, Consolidated Statements of Other Comprehensive Income, Consolidated Statements of Changes in Equity, and Consolidated Statements of Cash Flows. c) Consolidation criteria These Consolidated Financial Statements comprise the preparation of the Financial Statements of the Bank and the controlled entities which participate in the consolidation as of December 31, 2022 and 2021 and for the years ended December 31, 2022, 2021 and 2020, and include the necessary adjustments and reclassifications to standardize the accounting policies and valuation criteria applied by the Bank, in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS-IASB”). Note 1 – General Information and Summary of Significant Accounting Policies, continued Intercompany balances and any unrealized income or loss arising from intercompany transactions are eliminated upon consolidation during the preparation of the Consolidated Financial Statements. (i) Controlled entities The Bank, regardless of the nature of its involvement with an entity (the investee), shall determine whether it is a parent by assessing whether it controls the investee. The Bank controls an investee when it is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Thus, the Bank controls an investee if and only if has all the following: 1) Power over the investee, which is related to the existing rights that give the Bank the current ability to direct the relevant activities, these being those that significantly affect the investee’s returns; 2) Exposure, or rights, to variable returns from its involvement with the investee; 3) Ability to use its power over the investee to affect the amount of the Bank’s returns; When the Bank has less than a majority of the voting rights over an investee, but such voting rights are sufficient to have the actual ability to direct the relevant activities, then it will be concluded that the Bank has control over the investee. The Bank considers all relevant factors and circumstances when assessing if the voting rights are sufficient to obtain control, these include: ● The amount of voting rights held by the Bank in relation to the amount and dispersion of those held by other vote holders. ● Potential voting rights held by the Bank, other voting holders or other parties. ● Rights that arise from other contractual agreements. ● Any additional facts and circumstances that indicate that the Bank has, or does not have, the current ability to direct the relevant activities at the time those decisions need to be made, including the patterns of voting behavior in previous shareholders meetings. The Bank reassesses whether or not it has control over an investee when facts and circumstances indicate that there are changes in one or more of the control elements listed above. The financial statements of the controlled companies are consolidated with those of the Bank through the global integration method (line by line). In accordance with this method, all balances and transactions between consolidated companies are eliminated upon consolidation. Therefore, the Consolidated Financial Statements refer to assets, liabilities, equity, income, expenses, and cash flows of the parent and its subsidiaries presented as if they were a single economic entity. The Bank prepares Consolidated Financial Statements using uniform accounting policies for transactions and other events that, being similar, have occurred in similar circumstances. Note 1 – General Information and Summary of Significant Accounting Policies, continued The following table details the entities controlled by Banco Itaú Chile: Ownership percentage Functional As of December 31, 2022 As of December 31, 2021 Market Country currency Direct Indirect Total Direct Indirect Total % % % % % % Itaú Corredores de Bolsa Limitada (1) National Chile Ch$ 99.987 0.013 100.000 99.990 0.010 100.000 Itaú Administradora General de Fondos S.A. (1) Chile Ch$ 99.994 0.006 100.000 99.994 0.006 100.000 Itaú Corredores de Seguros S.A. (1) Chile Ch$ 99.990 0.010 100.000 99.990 0.010 100.000 Itaú Asesorías Financieras Limitada (1) Chile Ch$ 99.990 0.010 100.000 99.990 0.010 100.000 Recaudaciones y Cobranzas Limitada (1) Chile Ch$ 99.990 0.010 100.000 99.990 0.010 100.000 Itaú Corpbanca New York Branch (1) (4) Foreign USA US$ 100.000 — 100.000 100.000 — 100.000 Itaú Colombia S.A. (2) (6) (8) Colombia COP$ 94.990 4.472 99.462 87.100 — 87.100 Itaú Corredor de Seguro Colombia S.A. (2) Colombia COP$ 94.987 5.000 99.987 79.985 — 79.985 Itaú Securities Services Colombia S.A. Colombia COP$ 5.499 93.992 99.491 5.499 82.310 87.809 Itaú Comisionista de Bolsa Colombia S.A (2) Colombia COP$ 2.219 97.253 99.472 2.219 85.166 87.385 Itaú Asset Management Colombia S.A. Sociedad Fiduciaria (2) Colombia COP$ — 99.443 99.443 — 87.083 87.083 Itaú (Panamá) S.A. (3) Panama US$ — 99.462 99.462 — 87.100 87.100 Itaú Holding Colombia S.A.S (5) (7) (9) Colombia COP$ 100.000 — 100.000 — — — (1) Company regulated by the Commision for the Financial Market (CMF) of Chile. (2) Companies regulated by the Colombian Financial Superintendency (SFC), which has a supervision agreement with the CMF. (3) Company regulated by the Superintendency of Banks of Panama. (4) Company regulated by Office of the Comptroller of the Currency (OCC) and Federal Reserve (FED). (5) On February 1, 2022, Itaú Holding Colombia S.A. was created. (6) On February 22, 2022, the Bank acquired 59,554,210 shares of Itaú Colombia S.A. (7) On February 22, 2022, Itaú Holding Colombia S.A acquired 33,752,474 shares of Itaú Colombia S.A. (8) On March 25, 2022, the Bank acquired 3,600 shares of Itaú Corredores de Seguro Colombia S.A. (9) On March 25, 2022, Itaú Holding Colombia S.A. acquired 1,200 shares of Itaú Corredores de Seguro Colombia S.A. (ii) Associates Associated entities are those over which the Bank has significant influence; although not control or joint control. If the Bank holds, directly or indirectly (e.g. through subsidiaries), 20% or more of the voting power of the investee, it is presumed that the Bank has significant influence, unless it can be clearly demonstrated that this is not the case, and subsequently increased or decreased to recognize either the Bank’s proportional share in the net profit or loss of the associate and other movements recognized in its equity. The lower value arising from the acquisition of an associate is included in the book value of the investment net of any accumulated impairment loss. Other factors considered to determine the significant influence on an entity are the representations in the Board of Directors and the existence of material transactions. The existence of these factors could determine the existence of significant influence on an entity, despite having a participation of less than 20% of the shares with the right to vote. The following entities are classified as “Associates” and are accounted for using the equity method, according to IAS 28: As of December 31, As of December 31, Associate Main Operation Operation Place 2022 2021 % Share % Share Transbank S.A Credit card operator Santiago, Chile 8.7188 % 8.7188 % Combanc S.A (1) High value payment clearing house Santiago, Chile 9.8100 % 9.8100 % Imerc OTC S.A (1) Administration of clearing and settlement systems for financial instruments Santiago, Chile 8.6624 % 8.6624 % (1) As of the second quarter of 2021, the Bank gained significant influence over Sociedad Operadora de la Cámara de Compensación de Pagos de Alto Valor S.A. (hereinafter, “Combanc S.A.”) and over Servicios de Infraestructura de Mercado OTC S.A (hereinafter, “Imerc OTC S.A.”). Management concluded that, because of fact that the Bank can elect one of the members of the Board of Directors in each of these entities, in addition to other factors, such as significant transactions between the Bank and these entities, exchange of essential technical information with its investees and other factors, the Bank has a say in the financial and operating decision-making of these investees, but does not control them. Consequently, the equity method has been applied. Note 1 – General Information and Summary of Significant Accounting Policies, continued (iii) Investments in other companies, represented by shares or rights in other companies, are those in which the Bank has neither control nor significant influence. These equity instruments must be measured in compliance with IFRS 9, at their fair value; however, equity instruments that are neither held for trading and on which the equity method is not applied for investments in companies with significant influence (“associates” or “joint ventures”) according to IAS 28, may be recorded after their initial recognition and irrevocably at fair value, with variations recognized in Other Comprehensive Income instead of as “Non-trading financial assets mandatorily at fair value through profit or loss”. Dividends received from these investments are recorded in "Income (loss) from investments in companies" in the Consolidated Statement of Income. These instruments are not subject to the impairment model of IFRS 9. (iv) The Bank and its subsidiaries manage assets held in publicly offered investment funds and other investment vehicles on behalf of investors and receive market-rate compensation for providing this type of services. Managed funds belong to third parties and, therefore, are not included in the Consolidated Statement of Financial Position. The Bank provides trust commissions and other fiduciary services that result in the participation or investment of assets by clients. Assets held in a fiduciary activity are not reported in the Consolidated Financial Statements, since they are not Bank assets and there is no control over them. Contingencies and commitments arising from this activity are disclosed in Note 23 - Contingencies, Commitments, and Responsibilities, letter c), related to Responsibilities recorded in off-balance-sheet accounts. In accordance with IFRS 10 “ Consolidated Financial Statements ● ● ● ● The Bank does not control or consolidate any trusts or other entities related to this type of business. The Bank manages the funds on behalf and for the benefit of investors, acting solely as an Agent. The assets managed by the Bank and its subsidiaries are owned by third parties. Under this category, and in accordance with the aforementioned standard, they do not control the assets when they exercise their decision-making authority. Therefore, as of December 31, 2022 and 2021 they act as Agent and none of these investment vehicles is consolidated. d) Non-controlling interest represents the portion of net income or loss and net assets which the Bank does not own, either directly or indirectly. It is disclosed as “Attributable to non-controlling interest” separately in the Consolidated Statement of Income (Loss). Note 1 – General Information and Summary of Significant Accounting Policies, continued Additionally, non-controlling interests are presented in the Consolidated Statement of Financial Position under the heading "Non-controlling interest", separately from the equity attributable to owners of the Bank. Changes in a parent’s ownership interest in a subsidiary that do not result in a loss of control are equity transactions (i.e. transactions with owners in their capacity as owners). The Bank attributes the profit or loss for the period and each component of other comprehensive income to the owners of the Bank and to non-controlling interests. The Bank also attributes total comprehensive income to the owners of the Bank and non-controlling interests even if the results of the non-controlling interests result in a debit balance. e) Business combinations are accounted for using the acquisition method. The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair values of the assets transferred by the Bank, liabilities incurred by the Bank to the former owners of the acquiree and the equity interests issued by the Bank in exchange for control of the acquiree. Acquisition costs incurred are expensed and included in administrative expenses. When Banco Itaú Chile and its subsidiaries (the Group) acquires a business, evaluates the identifiable assets acquired and liabilities assumed to determine proper classification and designation based on contractual conditions, economic circumstances, and other relevant conditions as of the acquisition date. This includes the assessment of whether an embedded derivative should be separated from a host contract in accordance with IFRS 9. Goodwill and fair value adjustments arising on the acquisition of a foreign operation are treated as assets and liabilities of the foreign operation and translated at the closing rate. The excess of the consideration transferred, amount of any non-controlling interest in the acquired entity, and acquisition-date fair value of any previous equity interest in the acquired entity; over the fair value of the net identifiable assets acquired is recorded as goodwill. If those amounts are less than the fair value of the net identifiable assets of the business acquired, the difference is recognised directly in profit or loss as a bargain purchase. After initial recognition, goodwill is measured at cost less any accumulated impairment losses. Goodwill acquired in a business combination is assigned, from the date of acquisition, to each of the Group’s cash generating units (CGU) (or group of CGUs) that are expected to benefit from the combination, independently of whether other assets or liabilities of the acquiree are assigned to those units. When goodwill is allocated to a CGU (or group of CGUs) and an operation within that unit is sold, the goodwill associated with that operation is included in the carrying amount of the operation sold when determining the gain or loss on disposal. Goodwill that is derecognized under such circumstances is measured on the basis of the relative values of the operation disposed of and the retained portion of the CGU (or group of CGUs). f) Common control transaction A common control transaction is a transfer of assets or an exchange of equity interests among entities under the same parent’s control. Note 1 – General Information and Summary of Significant Accounting Policies, continued A common-control transaction has no effect on the parent´s consolidated financial statements. The net assets are derecognized by the transferring entity and recognized by the receiving entity at their historical carrying amount. Any difference between the proceeds transferred or received and the carryng amount of the net assets is recognized in equity in the transferring and receiving entities separatd financial statements and eliminated in consolidation. g) Functional and presentation currency The Bank has defined as its functional and presentation currency the Chilean peso, which is the currency of the primary economic environment in which the Bank operates and the currency that influences its costs and revenue structure. Therefore, all balances and transactions denominated in currencies other than the Chilean peso are treated as "foreign currency". The Bank translates accounting records of its New York branch and subsidiaries in Colombia and Panama into Chilean pesos from US dollars and Colombian pesos, as applicable, in accordance with IAS 21 "Effects of the Variations in the Exchange Rates of the Foreign Currency" h) Transactions in foreign currency are initially recorded by the Bank at the exchange rates of their respective functional currencies at the date these transactions first meet the conditions for their recognition. Monetary assets and liabilities denominated in foreign currency are converted at the closing exchange rate of the functional currency in force at the closing date of the reporting period. All differences arising from the settlement or conversion of monetary items are recorded in income, except for those that correspond to monetary items that are part of the hedge of a net investment in a foreign operation, for which the cumulative difference is recorded in equity and subsequently reclassified to profit and loss (on disposal). Tax effects attributable to the exchange differences on such monetary items are also recorded in Other Comprehensive Income. Non-monetary items in foreign currency, which are measured in terms of historical cost, are converted using the exchange rate on the date of the transaction. Non-monetary items that are measured at their fair value in foreign currency are translated using the exchange rates on the date on which that fair value is measured. Gains or losses arising from the translation of non-monetary items measured at their fair value are recognized based on how the gains and losses arising from the change in fair value are recognized in Other Comprehensive Income or in Income, in accordance with IAS 21. The Bank grants loans and receives deposits in amounts denominated in foreign currency, mainly in US dollars and Colombian pesos. Balances in the financial statements of the consolidated entities whose functional currency is different from the Chilean peso are converted into the presentation currency, according to the following criteria: ● Assets and liabilities, by using exchange rates as of the date of the Consolidated Financial Statements. ● Income and expenses and cash flows, by using the exchange rates as of the date of each transaction. Note 1 – General Information and Summary of Significant Accounting Policies, continued Exchange differences arising from translating balances into functional currencies of the consolidated entities other than Chilean pesos into Chilean pesos, are recorded as "Exchange differences" in Equity under the line item "Valuation accounts", until they meet the derecognition criteria for the Consolidated Statement of Financial Position, and is subsequently recorded in profit or loss. The net amount of foreign exchange gains and losses includes the recognition of the effects of changes in the exchange rates over assets and liabilities denominated in foreign currencies and gains and losses arising from exchange rates changes affecting current and future transactions (highly probable transactions) entered into by the Bank. Assets and liabilities in foreign currencies are shown at their equivalent amount in pesos, calculated using the exchange rate of $854.31 per US$1 (US dollar) as of December 31, 2022 ($844.08 as of December 31, 2021) and the exchange rate of $0.1761 per COP$1 (Colombian peso) as of December 31, 2022 ($0.2103 as of December 31, 2021). The financial statements of the New York branch, as well as the Colombian subsidiaries, have been translated using these exchange rates for consolidation purposes, in accordance with IAS 21, related to the valuation of investments abroad in countries with stable economy. i) The preparation of the Consolidated Financial Statements requires the Bank’s management to make estimates, judgments and assumptions that affect the application of the accounting policies and the reported balances of assets and liabilities, disclosures of contingencies with respect to assets and liabilities as of the date of the Consolidated Financial Statements, as well as income and expenses during the year. Actual results may differ from these estimates. Estimates and relevant assumptions are regularly reviewed by Management in order to properly measure some assets, liabilities, income, and expenses. Accounting estimates changes due to reviews are recognized in the year in which the estimate is reviewed and in any future period affected. In certain cases, International Financial Reporting Standards requires that assets and liabilities be recorded or disclosed at their fair values. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction in the principal (or most advantageous) market at the measurement date under current market conditions (i.e. an exit price) regardless of whether that price is directly observable or estimated using another valuation technique. When market prices in active markets are available, they have been used as a basis for valuation. When market prices in active markets are not available, the Bank has estimated those values as values based on the best available information, including the use of modeling and other valuation techniques. The Bank has established allowances to cover expected credit losses over its loan portfolio and other financial assets. These allowances must be regularly reviewed taking into consideration factors such as changes in the nature and volume of the loan portfolio, trends in forecasted portfolio quality, credit quality and economic conditions that may adversely affect the borrowers’ ability to pay. Increases in the allowances for loan losses are reflected as “Provision for loan losses” in the Consolidated Statement of Income (Loss). Loans are charged-off when the Bank’s management determines that a loan or a portion thereof is impaired. Charge-offs are recorded as a reduction of the allowance for loan losses. In particular, information on significant areas of estimate due to uncertainties and critical judgments in the application of accounting policies that have the most important effect on the amounts recorded in the Consolidated Financial Statements are the following: Note 1 – General Information and Summary of Significant Accounting Policies, continued ● Allowances for loan losses ● Fair value of financial assets and liabilities ● Contingencies and commitments ● Impairment losses of certain assets, including Goodwill ● Current taxes and deferred taxes During the year ended December 31, 2022, there have been no significant changes in estimates made compared to the estimates at the end of 2021 j) Operating segments The Bank provides financial information for each operating segment in conformity with IFRS 8 “Operating Segments” ● Better understand the Bank’s performance. ● Better evaluate its future cash flow projections. ● Form better opinions regarding the Bank as a whole. To comply with IFRS 8, Banco Itaú Chile identifies operating segments (Chile and Colombia) used by the Executive Committee, which is defined as the chief operating decision maker, to analyze and make decisions regarding operating, financing and investment matters, based on the following elements: (1) The nature of the products and services; (2) The nature of the processes; (3) The type or class of customer for their products and services; (4) The methods used to distribute their products or provide their services; and (5) If applicable, the nature of the regulatory environment, for example, banking, insurance or public utilities. The Executive Committee manages these segments using an in-house system of internal profitability reports and reviews its segments on the basis of the operating results and uses efficiency, profitability and other indicators to evaluate performance and allocate resources. The Bank has also included geographic disclosures on its operations in New York and Colombia. More information on each segment is presented in Note 4 - Reporting Segments. k) Transactions with resale agreements are entered into as a form of investment. Under these agreements, financial instruments are sold, which are included as assets under "Investments under resale agreement” and are accounted for at amortized cost using the effective interest rate of the agreement. There are also sales transactions with a repurchase agreement as a form of financing. In this regard, the investments that are sold subject to a repurchase obligation and that serve as collateral for the loan, form part of the investment items of "Financial Instruments at Fair Value Through Profit or Loss" or "Financial Instruments at Fair Value Through Other Comprehensive Income". Note 1 – General Information and Summary of Significant Accounting Policies, continued l) I. Classification of financial instruments (i) Classification of financial assets Financial assets are classified into a measurement category based on both the Bank’s business model for managing the financial asset and the contractual cash flow characteristics of the financial asset. Contractual cash flow assessment determine if the cash flows from the financial asset meet the SPPI (solely payment of principal and interest) criterion, i.e. whether the contractual terms of the financial asset give rise, on specific dates, to cash flows that are solely payments of principal and interest. Principal is the fair value of the financial assets at initial recognition, and interest is the consideration for the time value of money, the credit risk associated with the principal outstanding, and also may include liquidity risk, administrative cost and profit margin. For classification process the Bank perform the SPPI test, which assesses the contractual term to identify whether they meet SPPI criterion, the contract is a basic lending arrangement. The Bank applies judgment and considers relevant factors such as currency in which the financial asset is denominated, and period for which the interest rate is set. Business model refers to how the Bank manages its financial assets in order to generate cash flows. The Bank determined its business model on initial application of IFRS 9 at the level that best reflects how it manages groups of financial assets to achieve its business objective. The Bank’s business model represents how financial assets are managed to generate cash flows and does not depend on the Management’s intention regarding an individual instrument, but at a higher level of aggregated portfolio and is based on observable factors such as: risks that affect the performance of business model; how business managers are compensated; how the performance of business model is assessed and reported to Management. In addition, the Banks’s business model is not assessed on an instrument-by-instrument basis, but at a higher level of aggregated portfolio and is based on observable factors such as: performance of the financial assets, the risk that affect the performance, and the expected frequency, value and timing of sales, among others. In accordance with IFRS 9 the business models are: ● Held to collect business model (HTC) - financial assets that are held within a business model whose objective is to hold assets in order to collect contractual cash flows are managed to realize cash flows by collecting contractual payments over the life of the instrument, under this business model sales made when there is an increase in the credit risk, or to manage credit concentration risk are not inconsistent with a business model whose objective is to hold financial assets to collect contractual cash flows. ● Held to collect and sell (HTC&S) - financial assets under this business model achieve the objective by both collecting contractual cash flows and selling financial assets, then involve a greater frequency and value of sales than HTC business model. ● Other business model - financial assets held in this business has the objective of realizing cash flows through the sale of the assets. The Bank makes decisions based on the assets’ fair values and manages the assets to realize those fair values. Note 1 – General Information and Summary of Significant Accounting Policies, continued (ii) Reclassifications Reclassification of financial assets is required if, and only if, the objective of the Bank’s business model for managing those financial assets changes. Financial liabilities cannot be reclassified. In January 2019, Law No. 21,130 was issued, which modernizes the banking legislation with the objective of implementing the practices promoted at international level by the Basel III. The new regulation was effective as of December 1, 2021 and will be implemented gradually until it is fully established as of December 1, 2025. Due to these changes, the bank performed a capital increase which in part was executed in order to comply with the new capital requirements. In connection with the new requirements and its capital management strategy the bank in Chile created a new portfolio which is managed on a segregated basis and under a held to collect business model with the purpose of managing the capital adequacy under the new capital requirements. As of January 1, 2022, securities classified under “Fair value through other comprehensive income¨ were derecognized for an amount of MCh$766,612 and reclasified to ¨Financial instruments at amortized cost¨ for MCh$854,262. As a result of the adoption of Basel III, the Bank has greater capital requirements in Colombia, making it necessary to protect this capital from credit and market risks. In August 2022 the Bank entered into a new capital management business model which will generate a reclassification from Debt Instruments measured at Fair Value through Other Comprehensive Income to “Financial instruments at amortized cost¨ as they are part of this portfolio, this reclassification will come into effect as of January 1, 2023. II. Measurement of financial instruments (i) Initial measurement On initial recognition, financial assets and financial liabilities are measured at the transaction price, i.e. the fair value of the consideration given or received (IFRS 13). In the case of financial instruments not at fair value through profit or loss, transaction costs of financial assets and financial liabilities carried at fair value are expensed in profit or loss. (ii) Subsequent measurement - Financial assets After initial recognition, the Bank shall measure a financial asset at: (a) Amortized cost Financial assets that are held in a business model to collect the contractual cash flows and contain contractual terms that give rise on specific dates to cash flows that are SPPI, are measur |
Accounting Changes
Accounting Changes | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Accounting Changes | J Note 2 – Accounting Changes No new accounting pronouncements have been adopted in the year ended December 31, 2022 in the Consolidated Financial Statements. |
Significant Events
Significant Events | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Significant Events | Note 3 – Significant Events As of December 31, 2022, the following significant events have influenced the operations of the Bank and its subsidiaries or the Consolidated Financial Statements: ITAÚ CORPBANCA Acquisition of Itaú Corpbanca Colombia shares owned by CorpGroup On February 22, 2022, Itaú Corpbanca acquired, directly and indirectly, all of the shares of Itaú Corpbanca Colombia S.A. owned by CorpGroup Interhold S.P.A., CorpGroup Banking S.A. and CG Financial Colombia S.A.S., representing approximately 12.36% of the share capital of Itaú Corpbanca Colombia S.A., for a total price of US$414,142,063.65. As a result of these acquisitions, Itaú Corpbanca owns, directly and indirectly, approximately 99.4617% of the share capital of Itaú Corpbanca Colombia S.A. Its direct interest is approximately 94.99%. Itaú Corpbanca directly acquired approximately 7.89% of the share capital of Itaú Corpbanca Colombia and its new subsidiary in Colombia – Itaú Holding Colombia S.A.S. – acquired the remaining approximately 4.47%. With respect to the latter, the creation in Colombia of the subsidiary Itaú Holding Colombia S.A.S., the share capital which is owned by Itaú Corpbanca, was duly authorized by the Commission for the Financial Market and by the Central Bank of Chile for this purpose. Additional information regarding capital requirements is presented in Note 26. 2022 Ordinary Shareholders’ Meeting Resolutions At the Ordinary Shareholders’ Meeting of Itaú Corpbanca, held on March 24, 2022, the following resolutions, among others, were adopted: a) Total Renewal of the Board of Directors The following eleven (11) regular directors and two (2) alternate directors were elected, in accordance with Itaú Corpbanca’s bylaws: - Regular directors: 1. Jorge Andrés Saieh Guzmán; 2. Ricardo Villela Marino; 3. Diego Fresco Gutiérrez; 4. Leila Cristiane Barboza Braga de Melo; 5. Matías Granata; 6. Milton Maluhy Filho; 7. Pedro Paulo Giubbina Lorenzini; 8. Rogerio Carvalho Braga; 9. Pedro Samhan Escándar; 10. Gustavo Arriagada Morales; and 11. Fernando Concha Ureta - Alternate directors: 1. Álvaro F. Rizzi Rodrigues. 2. Tatiana Grecco. Note 3 – Significant Events, continued Gustavo Arriagada Morales, Pedro Samhan Escándar and Fernando Concha Ureta were appointed as independent directors, in accordance with Article 50 bis of Law No. 18,046 on Corporations. b) Distribution of dividends The meeting approved the distribution of 30% of the 2021 fiscal year profits, which amounts to CLP$83,341,869,534, as a dividend to the shareholders, among the total of the 973,517,871,202 subscribed and paid shares of the Bank and which, therefore, corresponds to a dividend of CLP$0.0856089775 per share. In addition, the Board approved that the remaining 70% of the profits be retained. Acquisition of shares of Itaú Corredor de Seguros Colombia S.A. owned by Helm LLC On November 5, 2019, Itaú Corpbanca entered into a purchase and sale agreement, as subsequently amended on December 18, 2020, whereby it agreed to acquire shares representing approximately 20% of the shares of Itaú Corredor de Seguros Colombia S.A. owned by Helm LLC. On March 25, 2022, after obtaining regulatory approvals in Colombia, Chile and Brazil, Itaú Corpbanca acquired, directly and indirectly, 4,800 Itaú Corredor de Seguros Colombia S.A. shares owned by Helm LLC for a total price of US$3,188,323. As a result of these acquisitions, Itaú Corpbanca owns, directly and indirectly, approximately 99.99% of the share capital of Itaú Corpbanca Colombia S.A. Its direct interest is approximately 94.99%. Itaú Corpbanca directly acquired approximately 15% of the share capital of Itaú Corredor de Seguros Colombia S.A. and its new subsidiary in Colombia – Itaú Holding Colombia S.A.S.S. – acquired the remaining 5%. Acquisition of MCC Entities On June 1, 2022, after obtaining the regulatory approvals from the banking regulators in Chile and Brazil, and in accordance with the provisions of the Transaction Agreement entered into between Itaú Corpbanca (the “Bank”), Itaú Unibanco Holding S.A., Itaú Unibanco Holding S.A., CorpGroup Interhold SpA, CorpGroup Interhold SpA and Inversiones Gasa Limitada on January 29, 2014, as amended on June 2, 2015 and January 20, 2017 (the “Transaction Agreement”), Itaú Corpbanca moved forward and acquired all of the shares in MCC Asesorías SpA, and, together with its subsidiary Itaú Asesorías Financieras Ltda., it acquired all of the shares in MCC S.A. Corredores de Bolsa. The total price for all the above transactions was US$30,727,453. As a result of the acquisition of all the shares in MCC Asesorías SpA, this company was dissolved, in accordance with the provisions in its bylaws, resulting in its merger with Itaú Corpbanca, which absorbed said company by owning 100% of its shares. Additionally, on June 1, 2022, an extraordinary shareholders’ meeting took place which decided to merge MCC S.A. Corredores de Bolsa into Itaú Corredores de Bolsa Limitada. As a result, Itaú Corredores de Bolsa Limitada emerged as the subsisting entity, holding all the equity, rights, obligations, assets and liabilities of MCC S.A. Corredores de Bolsa, which was dissolved and then absorbed by Itaú Corredores de Bolsa Limitada, which will be the legal successor to MCC S.A. Corredores de Bolsa. Note 3 – Significant Events, continued Termination of the Transaction Agreement and the Shareholders Agreement On July 14, 2022, Itaú Corpbanca informed by means of an Essential Event the following: As is publicly known, Corp Group Banking S.A. (“CG Banking”), Compañía Inmobiliaria y de Inversiones SAGA SpA (“SAGA”) and certain subsidiaries of CG Banking (SAGA and such subsidiaries, the “Debtors”), are in the process of exiting reorganization proceedings in the United States of America pursuant to the rules set forth in Chapter 11 of the U.S. Bankruptcy Code, initiated in June 2021 before the Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”), and as part of that proceeding, both CG Banking and SAGA would cease to own shares issued by Itaú Corpbanca. The foregoing is pursuant to the Seventh Joint Plan of Liquidation of CG Banking and its Related Debtors Docket No. 815 (the “Plan”) approved by the Bankruptcy Court on June 16, 2022 and effective as of July 14, 2022 (the “Plan Effective Date”). The Plan contemplates for the Debtors, among other things, the delivery of all of their shares issued by Itaú Corpbanca pledged in favor of their secured creditors on, or promptly after, the Plan Effective Date, the sale of a portion of their non-pledged shares issued by Itaú Corpbanca to generate cash to pay bankruptcy expenses and certain of their creditors on or promptly after the Plan Effective Date, and the transfer of the balance of their non-pledged shares issued by Itaú Corpbanca to their unsecured creditors on or promptly after the Plan Effective Date. In this regard, on June 3, 2022, Itaú Corpbanca, Itaú Unibanco Holding S.A., CorpGroup Interhold SpA, Inversiones Gasa Limitada and other entities related to CG Banking entered into a “Termination Letter”, in order to terminate, among others, the Transaction Agreement entered into by and between those same parties on January 29, 2014, as amended on June 2, 2015 and January 20, 2017 (the “Transaction Agreement” or the “TA”). The Termination Letter is effective as of the Plan Effective Date. In addition, the Bank has been advised that, on July 14, the entities CorpGroup Interhold SpA, Inversiones Gasa Limitada, CG Banking, CorpGroup Holding Inversiones Limitada, SAGA, ITB Holding Brasil Participações Ltda. and Itaú Unibanco Holding S.A. have entered into a “Mutual Termination Letter” whereby they have terminated the Shareholders Agreement dated April 1, 2016 (as amended, restated, supplemented or modified from time to time, the “Shareholders Agreement”) as well as certain other share purchase agreements entered into on October 26, 2016, September 13, 2017, October 12, 2018 and September 10, 2020, effective as of the Plan Effective Date. As part of the implementation of the Plan, CG Banking transferred to an Itaú Unibanco Holding S.A. subsidiary. – ITB Holding Brasil Participações Ltda. – 94,077,808,763 shares of the Bank. As a result, Itaú Unibanco Holding S.A. owns – directly and indirectly – shares issued by the Bank, representing approximately 65.62% of the Bank’s subscribed and paid-in capital. Management Changes – Resignation of Director On July 27, 2022, Itaú Corpbanca informed by means of an Essential Event the following: At an ordinary meeting held on July 27, 2022, the Board of Directors of Itaú Corpbanca was presented with the resignation of Mr. Jorge Andrés Saieh Guzmán as a director of the Bank, effective as of that same date. In connection with the above, it was informed that the Board of Directors of Itaú Corpbanca resolved to elect Mr. Ricardo Villela Marino as Chairman and Mr. Milton Maluhy Filho as Vice-Chairman. Note 3 – Significant Events, continued Finally, and in accordance with Article 9 of the Bank’s bylaws, the Board of Directors resolved that the deputy director, Mr. Álvaro F. Rizzi Rodrigues, will take over the position of director until the definitive appointment is made at the next Ordinary Shareholders’ Meeting. Sale by Itaú Corpbanca, and the rest of the shareholder banks, of 100% of the shares of the banking support company “Operadora de Tarjetas de Crédito Nexus S.A.” On September 30, 2022, Itaú Corpbanca informed by means of an Essential Event the following: As informed by means of an Essential Event on November 30, 2021, Itaú Corpbanca and the rest of the shareholder banks of the banking support company “Operadora de Tarjetas de Crédito Nexus S.A.” (hereinafter, “Nexus”) reached an agreement with Minsait Payments Systems Chile S.A. (a subsidiary of the Spanish company Indra Sistemas S. A.) for the sale of 100% of the shares held by them in Nexus, subject to the fulfillment or waiver of several conditions precedent, which included the CMF authorization for the sale of 100% of the shares of Nexus and that the transaction be approved by the National Economic Prosecutor’s Office (hereinafter, the “Transaction”). The conditions for the closing of the Transaction were met, and on September 30 of this year the Transaction was closed and, as a result, Minsait Payments Systems Chile S.A. acquired 100% of the shares in Nexus. As of September 30, 2022, the price of the Transaction was 8,900,682,219 Chilean pesos. However, there are price adjustments and additional payments contemplated in the Nexus share purchase agreement, in the event that the milestones and conditions established therein are met. As a result, Minsait Payments Systems Chile S.A. took over Nexus; and Itaú Corpbanca and the rest of the shareholder banks ceased to be shareholders of Nexus, which was reported to the Financial Market Commission by means of an Essential Event on September 30, 2022. Notice of Extraordinary Shareholders’ Meeting As of November 30, 2022, the Financial Market Commission was informed that the Board of Directors, agreed to notice and decide at the Extraordinary Shareholders’ Meeting held on January 19, the following matters: a) Amendments: (i) Article 1 of the Bylaws, the business name was changed to “Banco Itaú Chile”, modified and/or expanded the trade names; (ii) Article 9 of the Bylaws, decreased the number of regular directors from eleven to seven; (iii) Article 9 of the Bylaws, decreased the number of alternate directors from two to one and modified the procedures to appoint a replacement directors in the event of vacancy; (iv) Article 12 of the Bylaws, regarding the procedure for summoning Board meetings, including reminders, deadlines and other aspects of said procedure; (v) Article 21 of the Bylaws, to expressly stipulate the possibility of electing directors by acclamation, in addition adjusted the reference to alternate directors in accordance with what is approved by virtue of (iii) above; b) Decreasing the number of shares into which the Bank’s share capital is divided (the “reverse stock split”), in the proportion of 4,500 current shares for each new share or in such other proportion as the Shareholders’ Meeting may ultimately resolve, without altering the amount of the share capital; Note 3 – Significant Events, continued c) Agreeing to the issuance of 216,337,305 shares or such other number as may ultimately be necessary for the purpose of exchanging them for the Bank’s current shares, according to the proportion and exchange ratio agreed upon by the Shareholders’ Meeting for such purpose; d) Agreeing to the additional issuance of 10,000 supporting shares (or such other number as the Shareholders’ Meeting may ultimately resolve), the precise purpose of which will be to cover the deficit of shares that may be generated by the application of the exchange ratio, in the event that the surplus shares resulting from fractions of shares not assigned by application of the exchange ratio are not sufficient for such purposes; and agreeing on the treatment of those supporting shares that are not finally used to comply with the aforementioned purpose and that, therefore, may remain once the share exchange has been completed; e) Determining the form, time, procedure and other conditions for the performance and implementation of the proposed reverse stock split, including its effects on the American Depositary Shares; and authorize the Board of Directors, among other things, to determine, fix and agree, with the broadest powers, the effective date of the share exchange and all those aspects of form and procedure aimed at the materialization and implementation of the proposed reduction in the number of shares, the issuance of supporting shares that are agreed upon and the treatment of those remaining after the share exchange is completed; f) Amending Articles 5 and Transitory Article 1 of the Bylaws, relating to share capital, so as to reflect the resolutions adopted by virtue of paragraphs b) to e) above; g) Setting one or more conditions for the effectiveness of the amendments to the Bylaws that are finally agreed upon at the Meeting; h) Approving the new version of the Bank’s Bylaws and replaced the current Bylaws, which includes the amendments to the Bylaws adopted at the Shareholders’ Meeting, and which contains changes to adapt the Bylaws to legal modifications, including, among others, the replacement of references to the Superintendency of Banks and Financial Institutions with references to the Financial Market Commission; i) Broadly empower the Bank’s Board of Directors and/or the General Manager to resolve and implement all aspects, modalities, modifications, actions and details that may arise in connection with the resolutions adopted at the Shareholders’ Meeting; and j) In general, adopt all other resolutions and amendments to the Bylaws that may be necessary or convenient for the materialization of the decisions resolved by the Shareholders’ Meeting. Changes to Management. Resignation of Director On December 15, 2022, Itaú Corpbanca informed through an Essential Event the following: At the ordinary meeting held on December 15, 2022, the Board of Directors of Itaú Corpbanca learned of the resignation of director Leila Cristiane Barboza Braga de Melo, effective as of that date, from the position of director of the Bank. In addition, and in accordance with Article 9 of the Bank’s bylaws, the Board of Directors resolved that the alternate director, Mrs. Tatiana Grecco, will be appointed as regular director until the definitive appointment of the replacement for Mrs. Leila Cristiane Barboza Braga de Melo is made. |
Reporting Segments
Reporting Segments | 12 Months Ended |
Dec. 31, 2022 | |
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Reporting Segments | Note 4 – Reporting Segments The information reported by segments is determined by the Bank on the basis of its operating segments (Chile, which includes the New York branch, and Colombia), which are mainly differentiated by the risks and rewards that affect them. The reporting segments and the criteria used to inform the highest authority of the Bank on the decision making of the operation are in accordance with what is set forth in IFRS 8 “Operating segments”. a) Segments According to the above, the descriptions of each operating segment are as follows: i) Chile The Bank’s business activities in Chile take place mainly in the local market. It has strategically aligned its operations into the following five business areas that are directly related to its customers’ needs and the Bank’s strategy: 1) Wholesale Banking (a) Corporate Banking, (b) Large Companies, and (c) Real Estate and Construction; 2) Retail Banking (a) Itaú Private Bank, (b) Itaú Companies, (c) Itaú Personal Bank (d) Itaú and (e) Banco Condell; 3) Treasury; 4) Corporate; and 5) Other financial services. The Bank manages these business areas using a reporting system for internal profitability. The operating results are reviewed regularly by the entity’s Chief Operating Decision Maker (CODM) for operating decisions as one single reporting segment, to decide about resource allocation for the segment and evaluate its performance. ii) Colombia Colombia has been identified as a separate operating segment based on the business activities. Its operating results are regularly reviewed by the entity’s Chief Operating Decision Maker (CODM) for operating decisions as one single reporting segment, to decide on the resource allocation for the segment and evaluate its performance. Separate financial information is available for this reporting segment. The commercial activities of this segment are carried out by Itaú Colombia S.A. and subsidiaries The Bank did not enter into transactions with a particular customer or third party that exceed 10% of its total revenue in 2022, 2021 and 2020. b) Geographical information The segments reported by Banco Itaú Chile, discloses revenue from ordinary activities from external clients: (i) attributed to the entity’s country of domicile and (ii) attributed, in aggregate, to all foreign countries where the entity obtains revenue. Note 4 – Reporting Segments, continued When revenue from external customers attributed to a particular foreign country is significant, it is disclosed separately. Pursuant to the foregoing, the Bank operates in two main geographic areas: Chile and Colombia. Chile reporting segment includes operations carried out by Itaú Corpbanca New York branch and the Colombia reporting segment includes the operations carried out by Itaú S.A. (Panama). The information on interest income and interest expenses for the years ended December 31, 2022, 2021 and 2020 of the aforementioned reporting segments is presented below: 2022 2021 2020 Chile Colombia Total Chile Colombia Total Chile Colombia Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Interest income 2,668,383 508,750 3,177,133 1,324,275 363,227 1,687,502 1,116,943 432,731 1,549,674 Interest expense (1,726,924) (279,742) (2,006,666) (580,997) (130,198) (711,195) (490,729) (192,508) (683,237) Net interest income 941,459 229,008 1,170,467 743,278 233,029 976,307 626,214 240,223 866,437 c) Information on assets, liabilities and income Segment information on assets and liabilities is presented as of December 31, 2022 and 2021. Note 4 – Reporting Segments, continued c.1) Assets and Liabilities As of December 31, 2022 Note Chile Colombia Total MCh$ MCh$ MCh$ Cash and deposits in banks 5 a) 2,679,389 379,363 3,058,752 Cash items in process of collection 5 b) 494,501 493 494,994 Financial instruments at fair value through profit or loss 6 275,313 196,970 472,283 Financial instruments at fair value through other comprehensive income 11 3,348,889 386,401 3,735,290 Loans and accounts receivable at amortized cost and interbank loans 9-10 21,944,059 3,813,874 25,757,933 Investment in associates 12 15,781 (4,197) 11,584 Financial instruments at amortized cost 11 880,026 133,917 1,013,943 Investments under resale agreements 7 63,154 99,620 162,774 Financial derivatives contracts held for trading 8 a) 3,468,512 149,280 3,617,792 Financial derivative contracts held for hedge accounting 8 b) 101,418 37,130 138,548 Intangible assets (1) 13 664,115 29,675 693,790 Property, plant, and equipment 14 45,554 14,642 60,196 Right of use assets under lease agreements 15 76,169 13,370 89,539 Current taxes 16 50,690 37,663 88,353 Deferred taxes 16 195,583 79,029 274,612 Other assets 17 a) 558,111 71,572 629,683 Other non-current assets held for sale 17 b) 12,174 8,526 20,700 TOTAL ASSETS 34,873,438 5,447,328 40,320,766 As of December 31, 2022 Note Chile Colombia Total MCh$ MCh$ MCh$ LIABILITIES Deposits and other demand liabilities 18 a) 3,771,795 1,783,390 5,555,185 Cash in process of being cleared 5 b) 456,948 9 456,957 Obligations under repurchase agreements 7 b) 288,447 65,641 354,088 Time deposits and other time liabilities 18 b) 11,212,884 1,490,769 12,703,653 Financial derivatives contracts held for trading 8 a) 3,270,449 155,692 3,426,141 Financial derivative contracts held for hedge accounting 8 b) 201,590 17,143 218,733 Interbank borrowings 19 4,068,308 660,015 4,728,323 Debt instruments issued 20 6,124,805 423,002 6,547,807 Financial instruments of regulatory capital issued 20 1,070,933 192,236 1,263,169 Other financial liabilities 20 359,573 — 359,573 Lease contracts liabilities 15 79,846 14,729 94,575 Current taxes 16 — 77 77 Deferred taxes 16 — — — Provisions 21 204,343 82,791 287,134 Other liabilities 22 a) 912,754 94,808 1,007,562 Liabilities directly associated with non-current assets held for sale 22 b) — — — TOTAL LIABILITIES 32,022,675 4,980,302 37,002,977 (1) This includes goodwill generated in business combination between Itaú Chile and Corpbanca totaling MCh $492,512 as of December 31, 2022. Note 4 – Reporting Segments, continued As of December 31, 2021 Note Chile Colombia Total MCh$ MCh$ MCh$ Cash and deposits in banks 5 a) 2,867,539 605,853 3,473,392 Cash items in process of collection 5 b) 438,149 347 438,496 Financial instruments at fair value through profit or loss 6 91,817 240,907 332,724 Financial instruments at fair value through other comprehensive income 11 3,291,135 369,315 3,660,450 Loans and accounts receivable at amortized cost and interbank loans 9-10 19,300,174 4,575,928 23,876,102 Investment in associates 12 9,152 — 9,152 Financial instruments at amortized cost 11 — 187,455 187,455 Investments under resale agreements 7 171,810 434,368 606,178 Financial derivatives contracts held for trading 8 a) 2,836,215 61,588 2,897,803 Financial derivative contracts held for hedge accounting 8 b) 41,754 41,369 83,123 Intangible assets (1) 13 663,503 35,841 699,344 Property, plant, and equipment 14 47,139 24,794 71,933 Right of use assets under lease agreements 15 90,504 20,277 110,781 Current taxes 16 20,584 37,600 58,184 Deferred taxes 16 198,698 73,513 272,211 Other assets 17 a) 738,346 72,175 810,521 Other non-current assets held for sale 17 b) 7,611 4,783 12,394 TOTAL ASSETS 30,814,130 6,786,113 37,600,243 As of December 31, 2021 Note Chile Colombia Total MCh$ MCh$ MCh$ LIABILITIES Deposits and other demand liabilities 18 a) 4,641,522 2,934,573 7,576,095 Cash in process of being cleared 5 b) 424,358 — 424,358 Obligations under repurchase agreements 7 b) 212,356 253,650 466,006 Time deposits and other time liabilities 18 b) 8,789,515 1,307,928 10,097,443 Financial derivatives contracts held for trading 8 a) 2,693,524 63,818 2,757,342 Financial derivative contracts held for hedge accounting 8 b) 160,267 7,978 168,245 Interbank borrowings 19 4,263,230 655,193 4,918,423 Debt instruments issued 20 5,027,267 582,528 5,609,795 Financial instruments of regulatory capital issued 20 955,982 197,063 1,153,045 Other financial liabilities 20 42,435 — 42,435 Lease contracts liabilities 15 93,497 22,047 115,544 Current taxes 16 393 939 1,332 Deferred taxes 16 — — — Provisions 21 157,113 78,234 235,347 Other liabilities 22 a) 614,472 95,140 709,612 Liabilities directly associated with non-current assets held for sale 22 b) — — — TOTAL LIABILITIES 28,075,931 6,199,091 34,275,022 (1) This includes goodwill generated in business combination between Itaú Chile and Corpbanca totaling MCh $492,512 as of December 31, 2021. Note 4 – Reporting Segments, continued c.2) Income for the years ended December 31, 2022, 2021, and 2020 2022 2021 2020 Chile Colombia Total Chile Colombia Total Chile Colombia Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Net interest income 941,459 229,008 1,170,467 743,278 233,029 976,307 626,214 240,223 866,437 Net fee and commission income 141,667 31,332 172,999 123,612 29,930 153,542 108,140 32,859 140,999 Net income from financial operations 162,539 38,302 200,841 11,934 43,976 55,910 25,031 85,856 110,887 Net foreign exchange gain (loss) (30,621) (20,895) (51,516) 169,188 (20,023) 149,165 (20,491) (53,973) (74,464) Other operating income 23,599 10,630 34,229 15,295 13,983 29,278 16,588 48,990 65,578 Provision for loan losses (269,321) (64,342) (333,663) (184,155) (78,285) (262,440) (310,429) (155,801) (466,230) NET OPERATING PROFIT 969,322 224,035 1,193,357 879,152 222,610 1,101,762 445,053 198,154 643,207 Depreciation and amortization (80,083) (16,104) (96,187) (82,479) (19,104) (101,583) (96,117) (30,327) (126,444) Operating expenses (1) (2) (490,409) (196,388) (686,797) (420,962) (187,062) (608,024) (896,152) (559,182) (1,455,334) OPERATING INCOME (LOSS) 398,830 11,543 410,373 375,711 16,444 392,155 (547,216) (391,355) (938,571) Income from investment in associates 2,429 — 2,429 (1,610) 1,323 (287) (2,794) — (2,794) Income taxes 28,728 1,830 30,558 (118,366) 2,735 (115,631) 73,965 41,245 115,210 CONSOLIDATED INCOME (LOSS) FOR THE YEAR 429,987 13,373 443,360 255,735 20,502 276,237 (476,045) (350,110) (826,155) (1) Includes personnel salaries and expenses, administrative expenses, impairment, and other operating expenses (2) As of December 31, 2020, includes the recognition of an impairment loss of MCh $814,879 . The impairment is broken down into MCh $651,825 corresponding to the impairment on Goodwill, MCh $412,356 and MCh $239,469 of CGUs of Chile and Colombia, respectively, and MCh $113,911 corresponding to the intangibles generated in the business combination of the CGU Colombia. Intangible assets include impairment on Software and Licenses of MCh $38,849 , which is broken down into MCh $34,524 and MCh $4,325 in the Chile CGU and Colombia CGU, respectively. In addition, the Chile CGU includes impairment of property, plant and equipment for MCh $10,294 |
Cash and Cash Equivalents
Cash and Cash Equivalents | 12 Months Ended |
Dec. 31, 2022 | |
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Cash and Cash Equivalents | Note 5 – Cash and Cash Equivalents a) Detail of cash and cash equivalents The detail of balances included under cash and cash equivalents is as follows: As of December 31, 2022 2021 MCh$ MCh$ Cash and deposits in banks Cash 275,172 294,474 Deposits in the Central Bank of Chile 1,284,810 1,173,548 Deposits in local banks 20,744 12,942 Deposits in foreign banks 1,478,026 1,992,428 Subtotals cash and deposits in banks 3,058,752 3,473,392 Cash items in process of collection, net (1) 38,037 14,138 Highly liquid financial instruments (2) 1,927,284 1,347,463 Investments under resale agreements (3) 162,774 539,227 Totals cash and cash equivalents 5,186,847 5,374,220 (1) Refer to letter b. “Cash in process of collection and in process of being cleared” below. (2) Highly liquid financial instruments: Corresponds to financial instruments at fair value through profit and loss (see note 6) and financial instrument at fair value through other comprehensive income (see note 11) with maturities that do not exceed three months from the acquisition date. (3) Investments under resale agreements: Corresponds to resale agreements with maturities that do not exceed three months from the acquisition date, which are presented under the item “Investments under resale agreements” in the Consolidated Statement of Financial Position. b) Cash in the process of collection and in process of being cleared Cash items in process of collection and in process of being cleared represent domestic transactions, which have not been processed through the central domestic clearinghouse, or international transactions that may be delayed in settlement due to timing differences. The detail of these balances is as follows: As of December 31, 2022 2021 MCh$ MCh$ Assets Documents held by other banks (documents to be cleared) 35,733 40,302 Funds receivable 459,261 398,194 Subtotals assets 494,994 438,496 Liabilities Funds payable 456,957 424,358 Subtotals liabilities 456,957 424,358 Cash items in process of collection, net 38,037 14,138 Note 5 – Cash and Cash Equivalents, continued c) Other operating cash flows Based on the nature of its activities, the Bank considers that its funding has a direct relationship with its loan and investing portfolio; for such purpose all those activities are taken into consideration to determine, approve and monitor the financial strategies that guide the Bank with respect to the composition of its assets and liabilities, cash inflows and outflows and transactions with financial instruments. Finally, the Bank, based on its overall business strategy, considers that gains and losses derived from these transactions are part of the main revenue generating activities and core business, and that the presentation of the cash flows from those items under operating activities consequently shows consistency between our Consolidated Statement of Income (Loss) and our Consolidated Statement of Cash Flows. Examples of cash flows from operating activities are: i. Investments under resale agreements and obligations under repurchase agreements ii. Investments portfolio. iii. Foreign borrowings and repayment of foreign borrowings. iv. Increase and repayment of other borrowings. |
Financial Instruments at Fair V
Financial Instruments at Fair Value through Profit or Loss | 12 Months Ended |
Dec. 31, 2022 | |
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Financial Instruments at Fair Value through Profit or Loss | Note 6 – Financial Instruments at Fair Value through Profit or Loss The detail of the financial instruments at fair value through profit or loss is as follows: As of December 31, 2022 2021 MCh$ MCh$ Chilean Central Bank and Government securities Central Bank of Chile securities 160,751 50,743 Other Chilean Central Bank and Government securities — — Other Chilean securities Bonds 22,878 111 Notes — — Other securities — — Foreign financial securities Bonds 186,925 232,083 Other securities — 8,824 Investments in mutual funds Funds managed by related entities 47,598 39,842 Funds managed by third parties — — Financial assets not held for trading valued mandatorily at fair value through profit or loss Loans originated and acquired by the entity at fair value 53,206 — Other investments Other financial instruments at FVTPL 925 1,121 Totals 472,283 332,724 As of December 31, 2022, financial instruments at fair value through profit or loss include MCh$161,019 (MCh$130,421 as of December 31, 2021) in instruments with maturities which do not exceed three months from the acquisition date and are considered as cash equivalents (see Note 5). |
Investments under Resale Agreem
Investments under Resale Agreements and Obligations under Repurchase Agreements | 12 Months Ended |
Dec. 31, 2022 | |
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Investments under Resale Agreements and Obligations under Repurchase Agreements | Note 7 – Investments under Resale Agreements and Obligations under Repurchase Agreements a) The Bank purchases financial instruments to resell them on a future date. As of December 31, 2022 and 2021 the instruments acquired under agreements to resell are as follows: As of December 31, 2022 2021 MCh$ MCh$ Chilean Central Bank and Government securities Chilean Central Bank securities — 12,361 Government securities — 55,953 Other Chilean Central Bank and Government securities — — Other Chilean securities Bonds 63,154 88,206 Notes — 15,289 Other securities — — Foreign financial securities Central Banks and Government securities 99,620 427,565 Other foreign instruments — 6,804 Totals 162,774 606,178 b) As of December 31, 2022 and 2021, the instruments acquired under agreements to repurchase are as follows: As of December 31, 2022 2021 MCh$ MCh$ Chilean Central Bank and Government securities Chilean Central Bank securities — 198,013 Government securities — 11,762 Other Chilean Central Bank and Government securities — — Other Chilean securities Bonds 288,447 2,581 Notes — — Other Chilean securities — — Foreign financial securities Central Banks and Government securities — — Other foreign instruments 65,641 253,650 Totals 354,088 466,006 |
Financial Derivative Contracts
Financial Derivative Contracts and Hedge Accounting | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Financial Derivative Contracts and Hedge Accounting | Note 8 – Financial Derivative Contracts and Hedge Accounting a) Total derivative contracts portfolio The Bank and subsidiaries use the following derivative financial instruments for hedge accounting and trading purposes, which, in order to capture the credit risk in the valuation, are adjusted to reflect the CVA (Credit Value Adjustment) and DVA (Debit Value Adjustment). The detail of these instruments is presented below: As of December 31, 2022 As of December 31, 2021 Assets Liabilities Assets Liabilities MCh$ MCh$ MCh$ MCh$ Financial derivatives contracts held for trading 3,617,792 3,426,141 2,897,803 2,757,342 Financial derivatives contracts held for hedge accounting 138,548 218,733 83,123 168,245 Totals 3,756,340 3,644,874 2,980,926 2,925,587 a) Financial derivatives contracts held for trading a.1) Assets As of December 31, 2022 Notional Over Over 1 month 3 months Between Over On Up to less than up to 1 and 3 up to More than demand 1 month 3 months 1 year 3 years 5 years 5 years Total Fair value MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Currency forwards — 5,884,782 2,088,158 2,585,223 992,045 151,944 143,162 11,845,314 435,849 Currency swaps — 356,267 794,627 1,785,480 3,610,306 2,388,987 4,686,177 13,621,844 1,293,810 Interest rate swaps — 435,714 2,008,610 6,526,529 7,490,539 4,922,886 10,734,630 32,118,908 1,887,481 Call currency options — 2,268 4,543 24,054 3,727 — — 34,592 652 Put currency options — — — — — — — — — Totals — 6,679,031 4,895,938 10,921,286 12,096,617 7,463,817 15,563,969 57,620,658 3,617,792 As of December 31, 2021 Notional Over Over 1 month 3 months Between Over On Up to less than up to 1 and 3 up to More than demand 1 month 3 months 1 year 3 years 5 years 5 years Total Fair value MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Currency forwards — 3,106,279 1,840,300 1,360,787 365,932 181,959 188,738 7,043,995 329,284 Currency swaps — 135,709 277,106 1,042,432 2,924,714 2,248,282 2,985,367 9,613,610 1,037,007 Interest rate swaps — 773,389 1,392,193 3,776,929 8,562,223 6,796,931 9,716,515 31,018,180 1,530,863 Call currency options — 3,607 12,241 20,467 — — — 36,315 649 Put currency options — — — — — — — — — Totals — 4,018,984 3,521,840 6,200,615 11,852,869 9,227,172 12,890,620 47,712,100 2,897,803 Note 8 – Financial Derivative Contracts and Hedge Accounting, continued a.2) Liabilities As of December 31, 2022 Notional Over Over 1 month 3 months Between Over On Up to less than up to 1 and 3 up to More than demand 1 month 3 months 1 year 3 years 5 years 5 years Total Fair value MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Currency forwards — 5,710,749 1,744,537 2,288,184 721,546 93,572 134,330 10,692,918 420,494 Currency swaps — 204,361 476,390 1,631,868 4,005,297 2,522,025 4,270,505 13,110,446 1,193,307 Interest rate swaps — 474,463 2,304,905 4,888,564 6,806,786 4,705,049 10,392,078 29,571,845 1,811,426 Call currency options — — 13,200 — — — — 13,200 404 Put currency options — 3,953 7,675 16,443 — — — 28,071 510 Totals — 6,393,526 4,546,707 8,825,059 11,533,629 7,320,646 14,796,913 53,416,480 3,426,141 As of December 31, 2021 Notional Over Over 1 month 3 months Between Over On Up to less than up to 1 and 3 up to More than demand 1 month 3 months 1 year 3 years 5 years 5 years Total Fair value MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Currency forwards — 2,293,451 1,900,241 1,607,617 585,716 84,120 208,116 6,679,261 280,574 Currency swaps — 34,012 364,081 859,740 2,423,081 2,524,421 2,562,705 8,768,040 931,445 Interest rate swaps — 456,447 1,733,475 3,875,370 8,275,215 7,384,935 9,863,248 31,588,690 1,544,949 Call currency options — 3,200 2,939 4,021 — — — 10,160 343 Put currency options — 1,317 2,077 4,414 — — — 7,808 31 Totals — 2,788,427 4,002,813 6,351,162 11,284,012 9,993,476 12,634,069 47,053,959 2,757,342 Note 8 – Financial Derivative Contracts and Hedge Accounting, continued b) Financial derivatives contracts held for hedge accounting b.1) Portfolio detail As of December 31, 2022 and 2021, the portfolio of financial derivative instruments held for hedge accounting and trading purposes is as follows: As of December 31, 2022 Notional Fair value Over Over 1 month 3 months Between Over On Up to less than up to 1 and 3 up to More than demand 1 month 3 months 1 year 3 years 5 years 5 years Total Assets Liabilities MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Derivatives held for hedge accounting Fair value hedge Currency forwards — — — — — — — — — — Currency swaps — — — — — — — — — — Interest rate swaps — 28,597 35,316 360,903 567,411 593,036 1,462,231 3,047,494 41,517 104,109 Subtotals — 28,597 35,316 360,903 567,411 593,036 1,462,231 3,047,494 41,517 104,109 Cash flow hedge Currency forwards — — 867,596 787,914 — — — 1,655,510 23,764 107,423 Currency swaps — — — 58,643 — — 48,557 107,200 8,865 421 Interest rate swaps — — — 528,099 541,700 200,250 — 1,270,049 35,754 4,252 Subtotals — — 867,596 1,374,656 541,700 200,250 48,557 3,032,759 68,383 112,096 Hedge of net investment in a foreign operation Currency forwards — 135,908 124,929 32,927 — — — 293,764 28,648 2,528 Subtotals — 135,908 124,929 32,927 — — — 293,764 28,648 2,528 Totals — 164,505 1,027,841 1,768,486 1,109,111 793,286 1,510,788 6,374,017 138,548 218,733 As of December 31, 2021 Notional Fair value Over Over 1 month 3 months Between Over On Up to less than up to 1 and 3 up to More than demand 1 month 3 months 1 year 3 years 5 years 5 years Total Assets Liabilities MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Derivatives held for hedge accounting Fair value hedge Currency forwards — — — — — — — — — — Currency swaps — — — 87,910 — — — 87,910 21,415 — Interest rate swaps — 19,979 — 265,591 356,312 501,158 1,110,657 2,253,697 5,605 57,554 Subtotals — 19,979 — 353,501 356,312 501,158 1,110,657 2,341,607 27,020 57,554 Cash flow hedge Currency forwards — 598,478 1,201,559 601,337 691,116 — — 3,092,490 52,833 90,431 Currency swaps — — — — 20,931 — — 20,931 — 151 Interest rate swaps — 12,000 3,000 5,000 532,685 — — 552,685 3,181 65 Subtotals — 610,478 1,204,559 606,337 1,244,732 — — 3,666,106 56,014 90,647 Hedge of net investment in a foreign operation Currency forwards — 59,541 95,463 46,146 — — — 201,150 89 20,044 Subtotal — 59,541 95,463 46,146 — — — 201,150 89 20,044 Totals — 689,998 1,300,022 1,005,984 1,601,044 501,158 1,110,657 6,208,863 83,123 168,245 Note 8 – Financial Derivative Contracts and Hedge Accounting, continued b.2) Fair value hedges The Bank uses interest rate derivatives to manage its structural risk by minimizing accounting asymmetries in the Statement of Financial Position. Through different hedging strategies, it redenominates an element originally at a fixed rate to a floating rate, thus decreasing the financial duration and consequently risk, aligning the balance sheet structure with expected movements in the yield curve. The following table presents the hedged items and the hedging instrument at fair value as of December 31, 2022 and 2021, detailed by maturity: As of December 31, 2022 Notional On Up to Over 1 month Over 3 months Over between Over 3 up to More than Total demand less than up to 1 and 1 month 3 months 1 year 3 years 5 years 5 years MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Loans and accounts receivable from customers Commercial and mortgage loans — 3,591 6,600 83,194 143,247 73,050 154,840 464,522 Mortgage loans (1) — — — — — — — — Time deposits and other time liabilities Time deposits — 25,006 28,716 119,660 154,633 10,108 — 338,123 Financial instruments at FVTOCI Treasury bonds — — — 58,049 224,464 78,013 110,107 470,633 Interbank borrowings Interbank loans — — — — — — — — Debt instruments issued Senior bonds — — — 100,000 45,067 431,865 1,197,284 1,774,216 Totals — 28,597 35,316 360,903 567,411 593,036 1,462,231 3,047,494 Hedging instruments Currency swaps — — — — — — — — Currency forwards — — — — — — — — Interest rate swaps — 28,597 35,316 360,903 567,411 593,036 1,462,231 3,047,494 Totals — 28,597 35,316 360,903 567,411 593,036 1,462,231 3,047,494 As of December 31, 2021 Notional On Up to Over 1 month Over 3 months Over between Over 3 up to More than Total demand less than up to 1 and 1 month 3 months 1 year 3 years 5 years 5 years MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Loans and accounts receivable from customers Mortgage loans (1) — — — 189,282 69,215 4,271 227,218 489,986 Time deposits and other time liabilities Time deposits — 19,979 — 6,309 85,802 5,279 — 117,369 Financial instruments at FVTPL Treasury bonds — — — — 77,295 104,211 99,348 280,854 Interbank borrowings Interbank loans — — — 87,910 — — — 87,910 Debt instruments issued Senior bonds — — — 70,000 124,000 387,397 784,091 1,365,488 Totals — 19,979 — 353,501 356,312 501,158 1,110,657 2,341,607 Hedging instruments Currency swaps — — — 87,910 — — — 87,910 Interest rate swaps — 19,979 — 265,591 356,312 501,158 1,110,657 2,253,697 Totals — 19,979 — 353,501 356,312 501,158 1,110,657 2,341,607 (1) Colombia: The information includes the effects on the hedge item generated by prepayments; therefore, cash flows from the hedge item and the hedging instrument are not perfectly balanced. Note 8 – Financial Derivative Contracts and Hedge Accounting, continued Below is an estimate of the periods in which flows are expected to be produced: Forecasted cash flows by interest rate risk: As of December 31, 2022 Notional Over 1 month Over 3 months Over between On Up to less than up to 1 and Over 3 up to More than Total demand 1 month 3 months 1 year 3 years 5 years 5 years MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Inflows (1) — 1,332 4,042 14,527 169,279 32,793 37,173 259,146 Outflows — (26,708) (33,237) (138,613) (203,524) (49,755) (71,219) (523,056) Net Flows — (25,376) (29,195) (124,086) (34,245) (16,962) (34,046) (263,910) Hedging instruments (2) Outflows — (1,332) (4,042) (14,527) (169,279) (32,793) (37,173) (259,146) Inflows — 26,708 33,237 138,613 203,524 49,755 71,219 523,056 Net flows — 25,376 29,195 124,086 34,245 16,962 34,046 263,910 As of December 31, 2021 Notional Over 1 month Over 3 months Over between On Up to less than up to 1 and Over 3 up to More than Total demand 1 month 3 months 1 year 3 years 5 years 5 years MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Inflows (1) — 1,169 1,019 9,989 21,226 17,109 3,581 54,093 Outflows — (21,015) (3,249) (108,969) (117,941) (32,119) (35,254) (318,547) Net flows — (19,846) (2,230) (98,980) (96,715) (15,010) (31,673) (264,454) Hedging instruments (2) Outflows — (1,169) (1,019) (9,989) (21,226) (17,109) (3,581) (54,093) Inflows — 21,015 3,249 108,969 117,941 32,119 35,254 318,547 Net flows — 19,846 2,230 98,980 96,715 15,010 31,673 264,454 (1) Colombia: The information includes the effects on the hedge item generated by prepayments; therefore, cash flows from the hedge item and the hedging instrument are not perfectly balanced. (2) Only includes cash flows forecast portion of the hedge instruments used to cover interest rate risk. b.3) Cash flow hedges: Cash flow hedge is used by the Bank mainly to: ● Reduce the volatility of cash flows in items in the Statement of Financial position that are indexed to inflation through the use of inflation forwards and combinations of swaps in pesos and indexed units. ● Set the rate of a portion of the pool of short-term liabilities in pesos, thus reducing the risk of an important part of the Bank’s cost of funding, although still maintaining the liquidity risk of the pool. This is achieved by setting the cash flows of the hedged items equal to those of the derivative instruments, modifying uncertain cash flows for certain cash flows. Note 8 – Financial Derivative Contracts and Hedge Accounting, continued ● It also sets the rate of funding sources at a floating rate, decreasing the risk that its funding costs increase. The following table presents the notional values of the hedged item as of December 31, 2022 and 2021: As of December 31, 2022 Notional Over 1 month Over 3 months Over between On Up to less than up to 1 and Over 3 up to More than Total demand 1 month 3 months 1 year 3 years 5 years 5 years MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Hedged item Loans and accounts at amortized cost Loans (inflation-indexed) — — 847,930 435,376 — — — 1,283,306 Commercial loans (interest rate) — — — — 447,200 90,000 — 537,200 Time deposits and other deposits Time deposits — — — 504,484 94,500 110,250 — 709,234 Debt instruments issued Senior bonds — — — 23,615 — — 48,557 72,172 Interbank borrowings Interbank loans — — 14,896 400,543 — — — 415,439 Forecast transaction Payment in USD — — 4,770 10,638 — — — 15,408 Totals — — 867,596 1,374,656 541,700 200,250 48,557 3,032,759 Hedging instruments Currency forwards — — 867,596 787,914 — — — 1,655,510 Currency swaps — — — 58,643 — — 48,557 107,200 Interest rate swaps — — — 528,099 541,700 200,250 — 1,270,049 Totals — — 867,596 1,374,656 541,700 200,250 48,557 3,032,759 As of December 31, 2021 Notional Over 1 month Over 3 months Over between On Up to less than up to 1 and Over 3 up to More than Total demand 1 month 3 months 1 year 3 years 5 years 5 years MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Hedged item Loans and accounts at amortized cost Loans (inflation-indexed) — 337,810 898,760 309,917 691,116 — — 2,237,603 Commercial loans (interest rate) — 12,000 3,000 5,000 — — — 20,000 Time deposits and other deposits Time deposits — — — — 504,484 — — 504,484 Debt instruments issued Senior bonds — — — — 28,201 — — 28,201 Interbank borrowings Interbank loans — 7,444 29,824 291,420 20,931 — — 349,619 Forecast transaction Payment in USD — 253,224 272,975 — — — — 526,199 Totals — 610,478 1,204,559 606,337 1,244,732 — — 3,666,106 Hedging instruments Currency forwards — 598,478 1,201,559 601,337 691,116 — — 3,092,490 Currency swaps — — — — 20,931 — — 20,931 Interest rate swaps — 12,000 3,000 5,000 532,685 — — 552,685 Totals — 610,478 1,204,559 606,337 1,244,732 — — 3,666,106 Note 8 – Financial Derivative Contracts and Hedge Accounting, continued Below is an estimate of the periods in which flows are expected to occur. As of December 31, 2022 Notional Over 1 month Over 3 months Over between On Up to less than up to 1 and Over 3 up to More than Total demand 1 month 3 months 1 year 3 years 5 years 5 years MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Inflows — 1,881 46,623 70,074 63,596 12,534 — 194,708 Outflows — — (19,666) (485,097) (25,635) (6,722) (48,557) (585,677) Net Flows — 1,881 26,957 (415,023) 37,961 5,812 (48,557) (390,969) Hedging instruments (1) Outflows — (1,881) (46,623) (70,074) (63,596) (12,534) — (194,708) Inflows — — 19,666 485,097 25,635 6,722 48,557 585,677 Net flows — (1,881) (26,957) 415,023 (37,961) (5,812) 48,557 390,969 As of December 31, 2021 Notional Over 1 month Over 3 months Over between On Up to less than up to 1 and Over 3 up to More than Total demand 1 month 3 months 1 year 3 years 5 years 5 years MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Inflows — 7,593 25,692 15,635 43,418 — — 92,338 Outflows — (8,685) (32,917) (291,420) (92,726) — — (425,748) Net Flows — (1,092) (7,225) (275,785) (49,308) — — (333,410) Hedging instruments (1) Outflows — (7,593) (25,692) (15,635) (43,418) — — (92,338) Inflows — 8,685 32,917 291,420 92,726 — — 425,748 Net flows — 1,092 7,225 275,785 49,308 — — 333,410 (1) Only includes cash flows forecast portion of the hedge instruments used to cover interest rate risk. Note 8 – Financial Derivative Contracts and Hedge Accounting, continued The effective portion generated by cash flow derivatives is recorded in the Statement of Changes in Equity as of December 31, 2022 and 2021. The ineffective portion is recognized immediately in the Consolidated Statement of Income (Loss). This ineffectiveness is generated because both the hedged item and the hedged object do not mirror each other, which means that changes in value attributable to rate and reset components are not fully offset, but remain within the effectiveness range defined by the standard. As of December 31, 2022 2021 Effective Ineffective Effective Ineffective portion portion portion portion MCh$ MCh$ MCh$ MCh$ Hedged item Loans and accounts receivables from customers Loans (inflation-indexed) 2,676 — (19,337) — Commercial loans (interest rate) (925) (2) (67) 119 Time deposits and other time liabilities Time deposits 15,455 — 2,953 7 Debt instruments issued Senior bonds (852) — (197) — Interbank borrowings Interbank loans (869) — 19,636 (111) Forecast transaction Payment in USD 802 — 89,644 — Totals 16,287 (2) 92,632 15 The income generated by cash flow hedge derivatives whose effect were recorded on Other Comprehensive Income (Loss), is as follow: For the year ended December 31, 2022 2021 MCh$ MCh$ Hedged item Loans and accounts receivables from customers Loans (inflation-indexed) (22,013) 18,810 Commercial loans (interest rate) 859 1,721 Time deposits and other time liabilities Time deposits (1) (13,772) (1,683) Debt instruments issued Senior bonds 2,085 — Interbank borrowings Interbank loans (2,329) — Forecast Transaction Payment in USD 60,923 (88,762) Totals 25,753 (69,914) (1) Includes the effects of the discontinuing cash flow hedge strategy on time deposits. Note 8 – Financial Derivative Contracts and Hedge Accounting, continued b.4) Hedge of net investment in foreign operations: Banco Itaú Chile, the parent company whose functional currency is the Chilean peso, has foreign business investments consisting of a branch in New York and subsidiaries in Colombia. As a result of the proper accounting treatment for these investments, fluctuations in the value of the investments as a result of changes in the Chilean peso-Colombian peso exchange rate alter the parent company’s equity. The objective of these hedges is to safeguard the value of equity by managing exchange rate risk affecting the investments. Hedges of a net investment in a foreign operation, including hedges of monetary items that are accounted for as part of a net investment, are recorded to cash flow hedges, where: ● The portion of the gain or loss from the hedge instrument that is determined to be an effective hedge is recognized in equity. As of December 31, 2022, this was a credit of MCh$25,747 (debit of MCh$63,339 net of deferred taxes as of December 31, 2021). Note 8 – Financial Derivative Contracts and Hedge Accounting, continued Each hedge is detailed in the table below: Hedge of net investment As of December 31, 2022 Notional Over 1 month Over 3 months Over between Effective On demand Up to less than up to 1 and Over 3 up to More than Total portion for the Ineffective 1 month 3 months 1 year 3 years 5 years 5 years year portion MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Net investment in Itaú Colombia — — — — — — 75,545 75,545 (2,694) — Net investment in New York Branch — 109,110 109,422 — — — — 218,532 (39,023) — Total — 109,110 109,422 — — — 75,545 294,077 (41,717) — Hedging instrument Currency Forwards — 135,908 124,929 32,927 — — — 293,764 (40,500) — Total — 135,908 124,929 32,927 — — — 293,764 (40,500) — As of December 31, 2021 Notional Over 1 month Over 3 months Over between Effective On demand Up to less than up to 1 and Over 3 up to More than Total portion for the Ineffective 1 month 3 months 1 year 3 years 5 years 5 years year portion MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Net investment in New York Branch — 59,541 95,463 46,146 — — — 201,150 (38,014) — Total — 59,541 95,463 46,146 — — — 201,150 (38,014) — Hedging instrument Foreign currency forwards — 59,541 95,463 46,146 — — — 201,150 (38,014) — Total — 59,541 95,463 46,146 — — — 201,150 (38,014) — |
Interbank Loans at amortized co
Interbank Loans at amortized cost | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Interbank Loans at amortized cost | Note 9 – Interbank Loans at amortized cost As of December 31, 2022 and 2021, the balances presented under the item “Interbank loans, net” are as follow: As of December 31, 2022 2021 MCh$ MCh$ Local banks Loans to local banks — — Allowances for loans losses — — Subtotals — — Foreign banks Interbank cash loans — 80,907 Loans to foreign banks 46,441 — Non-transferable deposits with foreign banks — — Allowances for loans losses (319) (353) Subtotals 46,122 80,554 Chilean Central Bank Deposits with the Chilean Central Bank not available — — Subtotals — — Totals 46,122 80,554 Movements in provisions and impairment for local and foreign interbank loans during the year ended December 31, 2022 and 2021 are as follows: Foreign banks 2022 2021 Stage 1 Stage 2 Stage 2 Stage 1 Stage 2 Stage 2 12-Month ECL Lifetime ECL Lifetime ECL Totals 12-Month ECL Lifetime ECL Lifetime ECL Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Opening balances as of January 1, (353) — — (353) (10) — — (10) Changes in the allowances — — — - Transfer to stage 1 — — — — — — — — - Transfer to stage 2 — — — — — — — — - Transfer to stage 3 — — — — — — — — - Increases due to change in credit risk (313) — — (313) (695) — — (695) - Decreases due to change in credit risk 296 — — 296 388 — — 388 - Charge-offs — — — — — — — — - Changes due to modifications that did not result in derecognition — — — — — — — — New financial assets originated or purchased — — — — — — — — Financial assets that have been derecognized — — — — — — — — Changes in models/risk parameters — — — — — — — — Foreign exchange and other movements 51 — — 51 (36) — — (36) Ending balances as of December 31, (319) — — (319) (353) — — (353) |
Loans and Accounts Receivable f
Loans and Accounts Receivable from Customers | 12 Months Ended |
Dec. 31, 2022 | |
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Loans and Accounts Receivable from Customers | Note 10 – Loans and Accounts Receivable from Customers, continued a) Loans and accounts receivable from customers As of December 31, 2022, the loan portfolio is detailed as follows: Allowances for loan losses Individual Collective As of December 31, 2022 Gross Assets allowances allowances Totals Net assets MCh$ MCh$ MCh$ MCh$ MCh$ Commercial loans: Commercial loans 12,798,454 (146,350) (283,637) (429,987) 12,368,467 Foreign trade loans 1,692,494 — (33,827) (33,827) 1,658,667 Checking account debtors 117,197 — (10,789) (10,789) 106,408 Factoring transactions 350,952 — (8,138) (8,138) 342,814 Student loans 554,513 — (20,505) (20,505) 534,008 Leasing transactions 943,411 — (17,953) (17,953) 925,458 Other commercial loans and receivables — — — — — Subtotals 16,457,021 (146,350) (374,849) (521,199) 15,935,822 Mortgage loans: Loans with mortgage finance bonds 13,368 — (262) (262) 13,106 Endorsable mutual mortgage loans 75,536 — (1,735) (1,735) 73,801 Other mutual mortgage loans 6,620,099 — (88,285) (88,285) 6,531,814 Mortgage leasing transactions 274,536 — (9,359) (9,359) 265,177 Other mortgage loans and receivables 47,071 — (1,203) (1,203) 45,868 Subtotals 7,030,610 — (100,844) (100,844) 6,929,766 Consumer loans: Installment consumer loans 2,176,507 — (214,596) (214,596) 1,961,911 Checking account debtors 143,491 — (13,232) (13,232) 130,259 Credit card balances 763,486 — (42,826) (42,826) 720,660 Consumer leasing transactions 669 — (44) (44) 625 Other consumer loans and receivables 36,001 — (3,233) (3,233) 32,768 Subtotals 3,120,154 — (273,931) (273,931) 2,846,223 Totals 26,607,785 (146,350) (749,624) (895,974) 25,711,811 Note 10 – Loans and Accounts Receivable from Customers, continued As of December 31, 2021, the loan portfolio is detailed as follows: Allowances for loan losses Individual Collective As of December 31, 2021 Gross Assets allowances allowances Totals Net assets MCh$ MCh$ MCh$ MCh$ MCh$ Commercial loans: Commercial loans 12,664,323 (256,091) (341,517) (597,608) 12,066,715 Foreign trade loans 1,168,577 — (27,755) (27,755) 1,140,822 Checking account debtors 70,461 — (6,320) (6,320) 64,141 Factoring transactions 243,667 — (5,260) (5,260) 238,407 Student loans 554,096 — (23,443) (23,443) 530,653 Leasing transactions 948,807 — (18,817) (18,817) 929,990 Other commercial loans and receivables 22,739 — (1,826) (1,826) 20,913 Subtotals 15,672,670 (256,091) (424,938) (681,029) 14,991,641 Mortgage loans: Loans with mortgage finance bonds 18,563 — (272) (272) 18,291 Endorsable mutual mortgage loans 78,637 — (790) (790) 77,847 Other mutual mortgage loans 5,777,121 — (63,418) (63,418) 5,713,703 Mortgage leasing transactions 313,167 — (11,614) (11,614) 301,553 Other mortgage loans and receivables 57,483 — (1,204) (1,204) 56,279 Subtotals 6,244,971 — (77,298) (77,298) 6,167,673 Consumer loans: Installment consumer loans 2,069,548 — (154,647) (154,647) 1,914,901 Checking account debtors 109,143 — (7,778) (7,778) 101,365 Credit card balances 609,078 — (24,364) (24,364) 584,714 Consumer leasing transactions 783 — (45) (45) 738 Other consumer loans and receivables 37,167 — (2,651) (2,651) 34,516 Subtotals 2,825,719 — (189,485) (189,485) 2,636,234 Totals 24,743,360 (256,091) (691,721) (947,812) 23,795,548 Guarantees received by the Bank to secure collections of rights reflected in its loan portfolios are real mortgage-type guarantees (urban and rural property, farm land, ships and aircraft, mining claims and other assets) and pledges (inventory, farm assets, industrial assets, plantings and other pledged assets). As of December 31, 2022 and 2021, the fair value of guarantees received corresponds to 145.12% and 141.04% of the assets guaranteed, respectively. In the case of mortgage guarantees, as of December 31, 2022 and 2021, the fair value of the guarantees received corresponds to 103.82% and 98.09% of the outstanding receivable balance on loans, respectively. The Bank finances its customers’ purchases of assets, including real estate and other personal property, through financial lease agreements that are presented within this item. As of December 31, 2022, the Bank recorded MCh$778,216 in finance leases for property (MCh$880,531 as of December 31, 2021) and MCh$440,443 in financial leases for real estate assets (MCh$382,552 as of December 31, 2021). As of December 31, 2022, the Bank pledged as collateral to the Central Bank of Chile (BCCh) loans from the commercial portfolio in order to access the new Conditional Funding Facility (FCIC). The program includes access to 4-year funds at the BCCh overnight rate in force on the date of each operation, with available funds size increasing as a function of additional loans pledged as collateral. The pledged loans have an outstanding principal balance of Ch$2,401,690 million (Ch$1,946,822 million as of December 31, 2021). Additional disclosures on FCIC are included in Notes 19 and 23, letter e). Note 10 – Loans and Accounts Receivable from Customers, continued The following tables present the movements for the total loan portfolio disaggregated by individually and group assessed loans for the year ended December 31, 2022 and 2021: Individually assessed Collectively assessed Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 12-Month Lifetime Lifetime 12-Month Lifetime Lifetime ECL ECL ECL Subtotals ECL ECL ECL Subtotals Totals Loan portfolio Opening balances as of January 1, 2022 96,974 507,983 591,812 1,196,769 19,955,723 2,733,535 857,333 23,546,591 24,743,360 Changes in the allowances - Transfer to stage 1 — — — — 404,225 (388,610) (15,615) — — - Transfer to stage 2 (1,819) 1,819 — — (835,792) 865,671 (29,879) — — - Transfer to stage 3 — (5,851) 5,851 — (151,827) (199,790) 351,617 — — - Charge-offs — — (24,983) (24,983) (33,187) (46,996) (238,376) (318,559) (343,542) - Changes due to modifications that did not result in derecognition — (3,302) 660 (2,642) (271,885) (27,727) (3,099) (302,711) (305,353) New financial assets originated or purchased 55,102 104,838 65,754 225,694 9,469,441 636,437 212,580 10,318,458 10,544,152 Financial assets that have been derecognized due to collections (64,764) (109,898) (174,173) (348,835) (6,425,979) (641,774) (164,721) (7,232,474) (7,581,309) Net transfer (from) collectively to individually assessed — — — — — — — — — Foreign exchange and other movements (28,398) 57,058 (29,667) (1,007) (421,452) (30,639) 3,575 (448,516) (449,523) Ending balances as of December 31, 2022 57,095 552,647 435,254 1,044,996 21,689,267 2,900,107 973,415 25,562,789 26,607,785 Individually assessed Collectively assessed Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 12-Month Lifetime Lifetime 12-Month Lifetime Lifetime ECL ECL ECL Subtotals ECL ECL ECL Subtotals Totals Loan portfolio Opening balances as of January 1, 2021 100,922 499,537 488,495 1,088,954 16,327,018 4,277,136 924,873 21,529,027 22,617,981 Changes in the allowances - Transfer to stage 1 — — — — 1,184,076 (1,171,376) (12,700) — — - Transfer to stage 2 (7,725) 8,551 (826) — (554,440) 599,608 (45,168) — — - Transfer to stage 3 — (129,888) 129,888 — (73,679) (137,518) 211,197 — — - Charge-offs — — (538) (538) (18,776) (44,191) (229,150) (292,117) (292,655) - Changes due to modifications that did not result in derecognition — (1,306) 3,503 2,197 (270,726) (21,168) (2,411) (294,305) (292,108) New financial assets originated or purchased 63,208 216,737 184,719 464,664 10,860,705 869,602 222,520 11,952,827 12,417,491 Financial assets that have been derecognized due to collections (18,057) (174,661) (193,388) (386,106) (7,562,147) (1,608,876) (239,784) (9,410,807) (9,796,913) Net transfer (from) collectively to individually assessed — — — — — — — — — Foreign exchange and other movements (41,374) 89,013 (20,041) 27,598 63,692 (29,682) 27,956 61,966 89,564 Ending balances as of December 31, 2021 96,974 507,983 591,812 1,196,769 19,955,723 2,733,535 857,333 23,546,591 24,743,360 Note 10 – Loans and Accounts Receivable from Customers, continued The following table presents the movements for the commercial loans portfolio disaggregated by individually and group assessed loans for the years ended December 31, 2022 and 2021: Individually assessed Collectively assessed Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 12-Month Lifetime Lifetime 12-Month Lifetime Lifetime ECL ECL ECL Subtotals ECL ECL ECL Subtotals Totals Opening balances as of January 1, 2022 96,974 507,983 591,812 1,196,769 11,715,299 2,080,676 679,926 14,475,901 15,672,670 Changes in the allowances - Transfer to stage 1 — — — — 216,667 (206,748) (9,919) — — - Transfer to stage 2 (1,819) 1,819 — — (449,530) 464,539 (15,009) — — - Transfer to stage 3 — (5,851) 5,851 — (87,462) (110,493) 197,955 — — - Charge-offs — — (24,983) (24,983) (7,870) (14,142) (143,492) (165,504) (190,487) - Changes due to modifications that did not result in derecognition — (3,302) 660 (2,642) (183,462) (24,686) (4,663) (212,811) (215,453) New financial assets originated or purchased 55,102 104,838 65,754 225,694 6,922,591 390,724 143,618 7,456,933 7,682,627 Financial assets that have been derecognized due to collections (64,764) (109,898) (174,173) (348,835) (5,331,140) (507,356) (136,324) (5,974,820) (6,323,655) Net transfer (from) collectively to individually assessed — — — — — — — — — Foreign exchange and other movements (28,398) 57,058 (29,667) (1,007) (181,407) (1,531) 15,264 (167,674) (168,681) Ending balances as of December 31, 2022 57,095 552,647 435,254 1,044,996 12,613,686 2,070,983 727,356 15,412,025 16,457,021 Individually assessed Collectively assessed Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 12-Month Lifetime Lifetime 12-Month Lifetime Lifetime ECL ECL ECL Subtotals ECL ECL ECL Subtotals Totals Opening balances as of January 1, 2021 100,922 499,537 488,495 1,088,954 10,427,978 2,564,516 727,351 13,719,845 14,808,799 Changes in the allowances - Transfer to stage 1 — — — — 362,152 (358,832) (3,320) — — - Transfer to stage 2 (7,725) 8,551 (826) — (401,663) 425,316 (23,653) — — - Transfer to stage 3 — (129,888) 129,888 — (50,688) (71,184) 121,872 — — - Charge-offs — — (538) (538) (4,209) (11,082) (132,224) (147,515) (148,053) - Changes due to modifications that did not result in derecognition — (1,306) 3,503 2,197 (176,687) (10,277) (3,282) (190,246) (188,049) New financial assets originated or purchased 63,208 216,737 184,719 464,664 7,101,166 665,143 154,723 7,921,032 8,385,696 Financial assets that have been derecognized due to collections (18,057) (174,661) (193,388) (386,106) (5,643,512) (1,088,960) (184,829) (6,917,301) (7,303,407) Net transfer (from) collectively to individually assessed — — — — — — — — — Foreign exchange and other movements (41,374) 89,013 (20,041) 27,598 100,762 (33,964) 23,288 90,086 117,684 Ending balances as of December 31, 2021 96,974 507,983 591,812 1,196,769 11,715,299 2,080,676 679,926 14,475,901 15,672,670 Note 10 – Loans and Accounts Receivable from Customers, continued The following tables presents the movements of the mortgage loans portfolio for the years ended December 31, 2022 and 2021. Collectively assessed Stage 1 Stage 2 Stage 3 12-Month Lifetime Lifetime ECL ECL ECL Totals Opening balances as of January 1, 2022 5,815,884 314,060 115,027 6,244,971 Changes in the allowances - Transfer to stage 1 73,851 (71,983) (1,868) — - Transfer to stage 2 (226,002) 237,397 (11,395) — - Transfer to stage 3 (23,085) (59,052) 82,137 — - Charge-offs (118) (233) (12,022) (12,373) - Changes due to modifications that did not result in derecognition (31,722) (1,306) 43 (32,985) New financial assets originated or purchased 1,189,931 40,387 5,644 1,235,962 Financial assets that have been derecognized due to collections (246,095) (18,252) (16,961) (281,308) Foreign exchange and other movements (104,540) (10,455) (8,662) (123,657) Ending balances as of December 31, 2022 6,448,104 430,563 151,943 7,030,610 Collectively assessed Stage 1 Stage 2 Stage 3 12-Month Lifetime Lifetime ECL ECL ECL Totals Opening balances as of January 1, 2021 4,166,515 1,025,921 124,317 5,316,753 Changes in the allowances - Transfer to stage 1 527,946 (525,493) (2,453) — - Transfer to stage 2 (47,731) 62,549 (14,818) — - Transfer to stage 3 (4,862) (26,414) 31,276 — - Charge-offs — (84) (11,318) (11,402) - Changes due to modifications that did not result in derecognition (43,602) (2,804) 68 (46,338) New financial assets originated or purchased 2,342,992 83,827 27,064 2,453,883 Financial assets that have been derecognized due to collections (1,081,369) (305,420) (44,399) (1,431,188) Foreign exchange and other movements (44,005) 1,978 5,290 (36,737) Ending balances as of December 31, 2021 5,815,884 314,060 115,027 6,244,971 Note 10 – Loans and Accounts Receivable from Customers, continued The following tables presents the movements of the consumer loans portfolio for the years ended December 31, 2022 and 2021: Collectively assessed Stage 1 Stage 2 Stage 3 12-Month Lifetime Lifetime ECL ECL ECL Totals — Opening balances as of January 1, 2022 2,424,540 338,799 62,380 2,825,719 Changes in the allowances - Transfer to stage 1 113,707 (109,879) (3,828) — - Transfer to stage 2 (160,260) 163,735 (3,475) — - Transfer to stage 3 (41,280) (30,245) 71,525 — - Charge-offs (25,199) (32,621) (82,862) (140,682) - Changes due to modifications that did not result in derecognition (56,701) (1,735) 1,521 (56,915) New financial assets originated or purchased 1,356,919 205,326 63,318 1,625,563 Financial assets that have been derecognized due to collections (848,744) (116,166) (11,436) (976,346) Foreign exchange and other movements (135,505) (18,653) (3,027) (157,185) Ending balances as of December 31, 2022 2,627,477 398,561 94,116 3,120,154 Collectively assessed Stage 1 Stage 2 Stage 3 12-Month Lifetime Lifetime ECL ECL ECL Totals Opening balances as of January 1, 2021 1,732,525 686,699 73,205 2,492,429 Changes in the allowances - Transfer to stage 1 293,979 (287,052) (6,927) — - Transfer to stage 2 (105,046) 111,742 (6,696) — - Transfer to stage 3 (18,129) (39,920) 58,049 — - Charge-offs (14,567) (33,025) (85,608) (133,200) - Changes due to modifications that did not result in derecognition (50,437) (8,087) 803 (57,721) New financial assets originated or purchased 1,416,547 120,632 40,733 1,577,912 Financial assets that have been derecognized due to collections (837,266) (214,496) (10,556) (1,062,318) Foreign exchange and other movements 6,934 2,306 (623) 8,617 Ending balances as of December 31, 2021 2,424,540 338,799 62,380 2,825,719 Note 10 – Loans and Accounts Receivable from Customers, continued b) Portfolio characteristics The following table details the Bank’s loan portfolio (before allowances) as of December 31, 2022 and 2021, by the customer’s industry sector: As of December 31, 2022 Local loans Foreign loans Totals Distribution percentage MCh$ MCh$ MCh$ % Commercial loans Manufacturing 1,234,919 677,644 1,912,563 7.19% Mining 341,384 12,613 353,997 1.33% Electricity, gas and water 370,734 452,038 822,772 3.09% Agriculture and livestock 321,280 152,087 473,367 1.78% Forestry and wood extraction 93,978 27,765 121,743 0.46% Fishing 42,257 15,456 57,713 0.22% Transport 879,395 190,567 1,069,962 4.02% Communications 90,120 25,628 115,748 0.44% Construction 1,629,184 622,025 2,251,209 8.46% Commerce 2,125,864 437,662 2,563,526 9.63% Services 5,358,546 721,444 6,079,990 22.85% Others 552,384 82,047 634,431 2.38% Subtotals 13,040,045 3,416,976 16,457,021 61.85% Mortgage loans 6,383,650 646,960 7,030,610 26.42% Consumer loans 2,342,623 777,531 3,120,154 11.73% Totals 21,766,318 4,841,467 26,607,785 100.00% As of December 31, 2021 Local loans Foreign loans Totals Distribution percentage MCh$ MCh$ MCh$ % Commercial loans Manufacturing 1,121,216 216,970 1,338,186 5.41% Mining 294,799 138,940 433,739 1.75% Electricity, gas and water 648,752 282,140 930,892 3.76% Agriculture and livestock 370,805 171,659 542,464 2.19% Forestry and wood extraction 42,017 22,187 64,204 0.26% Fishing 12,967 6,759 19,726 0.08% Transport 736,947 134,283 871,230 3.52% Communications 47,459 2,199 49,658 0.20% Construction 1,654,661 271,647 1,926,308 7.79% Commerce 1,727,096 578,318 2,305,414 9.32% Services 3,424,967 740,734 4,165,701 16.84% Others 1,776,499 1,248,649 3,025,148 12.23% Subtotals 11,858,185 3,814,485 15,672,670 63.35% Mortgage loans 5,516,510 728,461 6,244,971 25.24% Consumer loans 1,857,298 968,421 2,825,719 11.41% Totals 19,231,993 5,511,367 24,743,360 100.00% Note 10 – Loans and Accounts Receivable from Customers, continued c) Allowances for loans losses Movements in allowances for loan losses during the years ended December 31, 2022 and 2021, are as follows: Individually assessed Collectively assessed Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 12-Month Lifetime Lifetime 12-Month Lifetime Lifetime ECL ECL ECL Subtotals ECL ECL ECL Subtotals Totals Opening balances as of January 1, 2022 (1,473) (41,439) (213,179) (256,091) (157,514) (263,466) (270,741) (691,721) (947,812) Changes in the allowances - Transfer to stage 1 — — — — (42,333) 37,546 4,787 — — - Transfer to stage 2 42 (42) — — 13,819 (22,291) 8,472 — — - Transfer to stage 3 — 2,186 (2,186) — 5,437 38,399 (43,836) — — - Increases due to change in credit risk — (5,371) (5,254) (10,625) (30,680) (94,015) (121,323) (246,018) (256,643) - Decreases due to change in credit risk — 3,515 10,267 13,782 55,723 53,623 14,735 124,081 137,863 - Charge-offs — — 20,031 20,031 2,155 12,899 161,071 176,125 196,156 - Changes due to modifications that did not result in derecognition — — — — — — 810 810 810 New financial assets originated or purchased 630 (2,229) (10,507) (12,106) (86,195) (68,560) (102,873) (257,628) (269,734) Financial assets that have been derecognized 871 3,227 49,681 53,779 34,463 31,720 58,520 124,703 178,482 Net transfer (from) to collectively and individually assessed — — — — — — — — — Foreign exchange and other movements (70) 15,730 29,220 44,880 11,591 337 8,096 20,024 64,904 Ending balances as of December 31, 2022 — (24,423) (121,927) (146,350) (193,534) (273,808) (282,282) (749,624) (895,974) Individually assessed Collectively assessed Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 12-Month Lifetime Lifetime 12-Month Lifetime Lifetime ECL ECL ECL Subtotals ECL ECL ECL Subtotals Totals Opening balances as of January 1, 2021 (46) (66,280) (255,118) (321,444) (165,461) (280,410) (274,558) (720,429) (1,041,873) Changes in the allowances - Transfer to stage 1 — — — — (59,643) 54,981 4,662 — — - Transfer to stage 2 434 (896) 462 — 14,455 (25,098) 10,643 — — - Transfer to stage 3 — 38,161 (38,161) — 3,441 27,535 (30,976) — — - Increases due to change in credit risk (551) (13,174) (30,885) (44,610) (18,682) (67,529) (103,802) (190,013) (234,623) - Decreases due to change in credit risk — 1,033 252 1,285 89,207 27,141 8,353 124,701 125,986 - Charge-offs — — 538 538 2,050 12,455 138,659 153,164 153,702 - Changes due to modifications that did not result in derecognition — — — — — — 26,842 26,842 26,842 New financial assets originated or purchased (923) (9,685) (56,866) (67,474) (76,803) (86,958) (96,889) (260,650) (328,124) Financial assets that have been derecognized due to collections 54 16,584 135,218 151,856 55,342 80,384 70,292 206,018 357,874 Net transfer (from) to collectively and individually assessed — — — — — — — — — Foreign exchange and other movements (441) (7,182) 31,381 23,758 (1,420) (5,967) (23,967) (31,354) (7,596) Ending balances as of December 31, 2021 (1,473) (41,439) (213,179) (256,091) (157,514) (263,466) (270,741) (691,721) (947,812) Note 10 – Loans and Accounts Receivable from Customers, continued The following analysis details the movement on allowances by type of portfolio (commercial, mortgage and consumer) is as follow: Individually assessed Collective assessed Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 12-Month Lifetime Lifetime 12-Month Lifetime Lifetime Commercial ECL ECL ECL Subtotals ECL ECL ECL Subtotals Totals Opening balances as of January 1, 2022 (1,473) (41,439) (213,179) (256,091) (75,229) (141,308) (208,401) (424,938) (681,029) Changes in the allowances - - Transfer to stage 1 — — — — (17,319) 15,103 2,216 — — - Transfer to stage 2 42 (42) — — 4,510 (8,905) 4,395 — — - Transfer to stage 3 — 2,186 (2,186) — 2,634 17,474 (20,108) — — - Increases due to change in credit risk — (5,371) (5,254) (10,625) (7,105) (23,979) (56,971) (88,055) (98,680) - Decreases due to change in credit risk — 3,515 10,267 13,782 18,490 42,322 12,361 73,173 86,955 - Charge-offs — — 20,031 20,031 280 1,538 80,260 82,078 102,109 - Changes due to modifications that did not result in derecognition — — — — — — — — — New financial assets originated or purchased 630 (2,229) (10,507) (12,106) (35,392) (14,486) (59,678) (109,556) (121,662) Financial assets that have been derecognized 871 3,227 49,681 53,779 19,317 15,591 52,857 87,765 141,544 Net transfer (from) to collective and individually assessed — — — — — — — — — Foreign exchange and other movements (70) 15,730 29,220 44,880 5,220 (5,884) 5,348 4,684 49,564 Ending balances as of December 31, 2022 — (24,423) (121,927) (146,350) (84,594) (102,534) (187,721) (374,849) (521,199) Individually assessed Collectively assessed Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 12-Month Lifetime Lifetime 12-Month Lifetime Lifetime Commercial ECL ECL ECL Subtotals ECL ECL ECL Subtotals Totals Opening balances as of January 1, 2021 (46) (66,280) (255,118) (321,444) (88,080) (126,543) (211,550) (426,173) (747,617) Changes in the allowances - Transfer to stage 1 — — — — (15,914) 15,319 595 — — - Transfer to stage 2 434 (896) 462 — 6,528 (11,787) 5,259 — — - Transfer to stage 3 — 38,161 (38,161) — 1,659 10,759 (12,418) — — - Increases due to change in credit risk (551) (13,174) (30,885) (44,610) (11,167) (33,454) (57,445) (102,066) (146,676) - Decreases due to change in credit risk — 1,033 252 1,285 30,711 13,275 7,697 51,683 52,968 - Charge-offs — — 538 538 75 1,178 59,745 60,998 61,536 - Changes due to modifications that did not result in derecognition — — — — — — 25,936 25,936 25,936 New financial assets originated or purchased (923) (9,685) (56,866) (67,474) (33,106) (46,729) (63,690) (143,525) (210,999) Financial assets that have been derecognized due to collections 54 16,584 135,218 151,856 34,738 41,738 62,090 138,566 290,422 Net transfer (from) to collectively and individually assessed — — — — — — — — — Foreign exchange and other movements (441) (7,182) 31,381 23,758 (673) (5,064) (24,620) (30,357) (6,599) Ending balances as of December 31, 2021 (1,473) (41,439) (213,179) (256,091) (75,229) (141,308) (208,401) (424,938) (681,029) Note 10 – Loans and Accounts Receivable from Customers, continued Collectively assessed Stage 1 Stage 2 Stage 3 Mortgage 12-Month ECL Lifetime ECL Lifetime ECL Subtotals Totals Opening balances as of January 1, 2022 (14,156) (44,636) (18,506) (77,298) (77,298) Changes in the allowances - Transfer to stage 1 (5,326) 4,962 364 — — - Transfer to stage 2 2,007 (4,056) 2,049 — — - Transfer to stage 3 303 10,001 (10,304) — — - Increases due to change in credit risk (6,863) (29,260) (7,151) (43,274) (43,274) - Decreases due to change in credit risk 7,986 3,079 1,871 12,936 12,936 - Charge-offs 1 48 3,707 3,756 3,756 - Changes due to modifications that did not result in derecognition — — 617 617 617 New financial assets originated or purchased (2,256) (1,297) (1,143) (4,696) (4,696) Financial assets that have been derecognized 803 1,944 2,258 5,005 5,005 Foreign exchange and other movements 453 1,286 371 2,110 2,110 Ending balances as of December 31, 2022 (17,048) (57,929) (25,867) (100,844) (100,844) Collectively assessed Stage 1 Stage 2 Stage 3 Mortgage 12-Month ECL Lifetime ECL Lifetime ECL Subtotals Totals Opening balances as of January 1, 2021 (10,732) (48,514) (14,219) (73,465) (73,465) Changes in the allowances - Transfer to stage 1 (12,872) 12,465 407 — — - Transfer to stage 2 584 (2,273) 1,689 — — - Transfer to stage 3 50 3,488 (3,538) — — - Increases due to change in credit risk (2,301) (13,318) (7,570) (23,189) (23,189) - Decreases due to change in credit risk 13,384 1,923 280 15,587 15,587 - Charge-offs — 17 3,977 3,994 3,994 - Changes due to modifications that did not result in derecognition — — 84 84 84 New financial assets originated or purchased (4,314) (11,890) (4,724) (20,928) (20,928) Financial assets that have been derecognized due to collections 2,505 13,904 4,299 20,708 20,708 Foreign exchange and other movements (460) (438) 809 (89) (89) Ending balances as of December 31, 2021 (14,156) (44,636) (18,506) (77,298) (77,298) Note 10 – Loans and Accounts Receivable from Customers, continued Collectively assessed Stage 1 Stage 2 Stage 3 Consumer 12-Month ECL Lifetime ECL Lifetime ECL Subtotals Totals Opening balances as of January 1, 2022 (68,129) (77,522) (43,834) (189,485) (189,485) Changes in the allowances - Transfer to stage 1 (19,688) 17,481 2,207 — — - Transfer to stage 2 7,302 (9,331) 2,029 — — - Transfer to stage 3 2,500 10,924 (13,424) — — - Increases due to change in credit risk (16,712) (40,776) (57,201) (114,689) (114,689) - Decreases due to change in credit risk 29,247 8,222 503 37,972 37,972 - Charge-offs 1,874 11,313 77,104 90,291 90,291 - Changes due to modifications that did not result in derecognition — — 193 193 193 New financial assets originated or purchased (48,547) (52,776) (42,052) (143,375) (143,375) Financial assets that have been derecognized 14,343 14,185 3,405 31,933 31,933 Foreign exchange and other movements 5,918 4,935 2,376 13,229 13,229 Ending balances as of December 31, 2022 (91,892) (113,345) (68,694) (273,931) (273,931) Collectively assessed Stage 1 Stage 2 Stage 3 Consumer 12-Month ECL Lifetime ECL Lifetime ECL Subtotals Totals Opening balances as of January 1, 2021 (66,649) (105,353) (48,789) (220,791) (220,791) Changes in the allowances - Transfer to stage 1 (30,857) 27,197 3,660 — — - Transfer to stage 2 7,343 (11,038) 3,695 — — - Transfer to stage 3 1,732 13,288 (15,020) — — - Increases due to change in credit risk (5,214) (20,757) (38,787) (64,758) (64,758) - Decreases due to change in credit risk 45,112 11,943 376 57,431 57,431 - Charge-offs 1,975 11,260 74,937 88,172 88,172 - Changes due to modifications that did not result in derecognition — — 822 822 822 New financial assets originated or purchased (39,383) (28,339) (28,475) (96,197) (96,197) Financial assets that have been derecognized due to collections 18,099 24,742 3,903 46,744 46,744 Foreign exchange and other movements (287) (465) (156) (908) (908) Ending balances as of December 31, 2021 (68,129) (77,522) (43,834) (189,485) (189,485) Note 10 – Loans and Accounts Receivable from Customers, continued d) Portfolio sales The following tables presents portfolio sales from our current and written off portfolio detailed in section d.1) and part of the loan portfolio of its Government guaranteed students (Law No. 20,027) detailed in section d.2). For the year ended on December 31, 2022 and 2021, the total of the portfolio sales generated gains of MCh$4,734 and MCh$12,132, respectively. These results are included in line item “Net income from financial operations” in the Consolidated Income Statement for that year (see Note 27). d.1) Current and charged-off portfolios sales As of December 31, 2022 and 2021, the Bank and its subsidiaries derecognized 100% of its sold portfolio, thus complying with the requirements of the accounting policy for derecognizing financial assets and liabilities set in Note 1, letter l), point iv) of the annual Consolidated Financial Statements. The main sales were loans related to Law 20,027, wich are detailed in point d.2. For the year ended December 31, 2022 For the year ended December 31, 2021 Adjustment Exchange Net effect on Adjustment Exchange Net effect on Portfolio Loan Value Allowances Sale price to EIR I income Loan Value Allowances Sale price to EIR I income MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Current — — — — — — 170,987 130,584 44,548 — 183 4,328 Charged-off — — — — — — — — 3,429 — (165) 3,264 Totals — — — — — — 170,987 130,584 47,977 — 18 7,592 d.2) CAE portfolio sale For the year ended on December 31, 2022, gains recognized from sales of the portfolio amount to MCh$4,734 (MCh$4,540 for the year ended December 31, 2021). These amounts are presented in the Consolidated Statement of Income (Loss) under the line item “Net income from financial operations”. The portion to be deferred amounts to MCh$1,073 as of December 31, 2022 (MCh$4,769 as of December 31, 2021) and is recognized as interest income throughout the term of each loan by applying the effective interest rate method, according to IFRS 9. For the year ended December 31, 2022 For the year ended December 31, 2021 Adjustment Net effect on Adjustment Net effect on Portfolio Loan Value Allowances Sale price to EIR income Loan Value Allowances Sale price to EIR income MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ CAE 29,054 (380) 34,481 1,073 4,734 51,716 (997) 60,028 4,769 4,540 |
Investment instruments
Investment instruments | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Investment instruments | Note 11 – Investment instruments a) Investment instruments at fair value through other comprehensive income and at amortized cost As of December 31, 2022 and 2021, the detail of financial instruments measured at FVTOCI and at amortized cost is as follows: As of December 31, 2022 As of December 31, 2021 At FVTOCI At amortized cost Totals At FVTOCI At amortized cost Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Debt instruments 3,725,425 1,013,943 4,739,368 3,650,044 187,455 3,837,499 Equity instruments 9,865 — 9,865 10,406 — 10,406 Totals 3,735,290 1,013,943 4,749,233 3,660,450 187,455 3,847,905 b) Debt instruments at fair value through other comprehensive income and at amortized cost As of December 31, 2022 and 2021, the detail of financial instruments measured at FVTOCI and at amortized cost is as follows: As of December 31, 2022 As of December 31, 2021 At FVTOCI At amortized cost (1) Totals At FVTOCI At amortized cost (1) Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Securities quoted in active markets Chilean Central Bank and Government securities Chilean Central Bank instruments 2,227,029 — 2,227,029 1,918,659 — 1,918,659 Chilean Treasury bonds 618,208 854,361 1,472,569 1,060,379 — 1,060,379 Other I securities 126,669 — 126,669 123,991 — 123,991 Other local institutions financial instruments Time deposits in local banks 114,567 — 114,567 — — — Mortgage finance bonds — — — — — — Chilean financial institutions bonds — — — 119,302 — 119,302 Other local financial investments 90,790 — 90,790 15,840 — 15,840 Foreign institutions financial instruments Foreign Governments and Central Banks financial instruments 311,319 — 311,319 45,386 — 45,386 Other foreign financial instruments 236,843 159,582 396,425 366,487 187,455 553,942 Investments not quoted in active markets — — Corporate bonds — — — — — — Equity instruments Other financial instruments 9,865 — 9,865 10,406 — 10,406 Totals 3,735,290 1,013,943 4,749,233 3,660,450 187,455 3,847,905 (1) Financial assets at amortized cost are presented net of allowances for credit loss further disclosures are presented under section “c) Impairment of debt instruments at fair value through other comprehensive income and at amortized cost” As of December 31, 2022, this total includes Ch$1,766,265 million (Ch$1,217,042 million as of December 31, 2021), included in Note 5 “Cash and cash equivalents,” which corresponds to those financial instruments with maturities that do not exceed three months from their dates of acquisition. As of December 31, 2022, the portfolio at FVTOCI includes an unrealized loss of Ch$46,883 million (Ch$ $120,380 million as of December 31, 2021), presented in equity as valuation accounts, distributed among a loss of Ch$13,941 million (Ch$ 128,644 million as of December 31, 2021) attributable to equity holders and a gain of MCh$32,942 attributable to non-controlling interest(Ch$9,504 million as of December 31, 2021). As of December 31, 2022, the portfolio of financial instruments at FVTOCI includes financial instruments for an amount of Ch$200,096, million (Ch$511,007 million as of December 31, 2021) pledged as collateral to the Central Bank of Chile (BCCh) in order to access the new Conditional Funding Facility (FCIC). This program was implemented by the BCCh as a measure to support liquidity and credit access as a response to the financial needs generated by the Covid-19 pandemic. Further disclosures on FCIC are included in Note 19 and Note 23. Note 11 – Investment instruments, continued c) Impairment of debt instruments at fair value through other comprehensive income and at amortized cost As of December 31, 2022 and 2021 the portfolios of debt securities classified as investment instruments at fair value through other comprehensive income includes impairment movements as summarized below: Financial instruments at FVTOCI Stage 1 Stage 2 Stage 3 12-Month ECL Lifetime ECL Lifetime ECL Totals Opening balances as of January 1, 2022 (651) — — (651) Changes in the allowances - Transfer to stage 1 — — — — - Transfer to stage 2 — — — — - Transfer to stage 3 — — — — - Increases due to change in credit risk (125) — — (125) - Decreases due to change in credit risk 263 — — 263 - Charge-Offs — — — — - Changes due to modifications that did not result in derecognition 3 — — 3 New financial assets originated or purchased (260) — — (260) Financial assets that have been derecognized 460 — — 460 Changes in models/risk parameters — — — — Foreign exchange and other movements 7 — — 7 Ending balances as of December 31, 2022 (303) — — (303) Financial instruments at FVTOCI Stage 1 Stage 2 Stage 3 12-Month ECL Lifetime ECL Lifetime ECL Totals Opening balances as of January 1, 2021 (911) — — (911) Changes in the allowances - Transfer to stage 1 — — — — - Transfer to stage 2 — — — — - Transfer to stage 3 — — — — - Increases due to change in credit risk (847) — — (847) - Decreases due to change in credit risk 487 — — 487 - Charge-Offs — — — — - Changes due to modifications that did not result in derecognition — — — — New financial assets originated or purchased (93) — — (93) Financial assets that have been derecognized 715 — — 715 Changes in models/risk parameters — — — — Foreign exchange and other movements (2) — — (2) Ending balances as of December 31, 2021 (651) — — (651) Note 11 – Investment instruments, continued As of December 31, 2022 and 2021 the portfolios of investment instruments at amortized cost includes impairment movements as summarized below: Financial instruments at Amortized cost Stage 1 Stage 2 Stage 3 12-Month ECL Lifetime ECL Lifetime ECL Totals Opening balances as of January 1, 2022 (127) — — (127) Changes in the allowances - Transfer to stage 1 — — — — - Transfer to stage 2 — — — — - Transfer to stage 3 — — — — - Increases due to change in credit risk (1) — — (1) - Decreases due to change in credit risk 127 — — 127 - Charge-offs — — — — - Changes due to modifications that did not result in derecognition — — — — New financial assets originated or purchased (35) — — (35) Financial assets that have been derecognized — — — — Changes in models/risk parameters — — — — Foreign exchange and other movements 2 — — 2 Ending balances as of December 31, 2022 (34) — — (34) Financial instruments at Amortized cost Stage 1 Stage 2 Stage 3 12-Month ECL Lifetime ECL Lifetime ECL Totals Opening balances as of January 1, 2021 (101) — — (101) Changes in the allowances - Transfer to stage 1 — — — — - Transfer to stage 2 — — — — - Transfer to stage 3 — — — — - Increases due to change in credit risk (121) — — (121) - Decreases due to change in credit risk 95 — — 95 - Charge-offs — — — — - Changes due to modifications that did not result in derecognition — — — — New financial assets originated or purchased — — — Financial assets that have been derecognized — — — Changes in models/risk parameters — — — — Foreign exchange and other movements — — — — Ending balances as of December 31, 2021 (127) — — (127) Note 11 – Investment instruments, continued d) Unrealized gains and losses of the portfolio at FVTOCI Unrealized gains and losses of the FVTOCI portfolio as of December 31, 2022 and 2021 are detailed as follows: As of December 31, 2022 As of December 31, 2021 Acquisition Unrealized Fair Acquisition Unrealized Fair cost Gain Losses value cost Gain Losses value Securities quoted in active markets Chilean Central Bank and Government securities Chilean Central Bank instruments 2,226,666 635 (272) 2,227,029 1,918,411 533 (285) 1,918,659 Chilean Treasury bonds 625,317 46 (7,155) 618,208 1,181,443 737 (121,801) 1,060,379 Other government securities 141,221 — (14,552) 126,669 125,372 812 (2,193) 123,991 Other local institutions financial instruments Time deposits in local banks 115,391 148 (972) 114,567 — — — — Mortgage finance bonds — — — — — — — — Chilean financial institutions bonds — — — — 121,983 49 (2,730) 119,302 Other local financial investments 94,583 — (3,793) 90,790 15,992 80 (232) 15,840 Foreign institutions financial instruments Foreign Governments and Central Banks financial instruments 323,937 16,085 (28,703) 311,319 30,336 15,332 (282) 45,386 Other foreign financial instruments 246,784 — (9,941) 236,843 380,306 626 (14,445) 366,487 Investments not quoted in active markets Corporate bonds — — — — — — — — Equity instruments Unlisted securities 8,274 1,591 — 9,865 6,987 3,419 — 10,406 Totals 3,782,173 18,505 (65,388) 3,735,290 3,780,830 21,588 (141,968) 3,660,450 e) Equity instruments at fair value through other comprehensive income As of December 31, 2022 and 2021 the portfolio of equity investment instruments at fair value through comprehensive income are detail as follows: 2022 2021 Unlisted securities MCh$ MCh$ Domestic entities Stock Exchanges 4,197 3,703 Foreign entities A.C.H Colombia 1,568 1,158 Redeban Multicolor S.A. 641 768 Cámara de Compensación Divisas de Colombia S.A. (1) — — Cámara de Riesgo Central de Contraparte S.A 308 867 Bolsa de Valores de Colombia 569 900 Credibanco 2,568 2,994 Patrimonio Autónomo Fiducredicorp (Comisionista) 14 16 Totals 9,865 10,406 (1) In August 2020, the Cámara de Compensación Divisas de Colombia S.A. participation was sold, corresponding to 2.43% of the total equity. (See note 24 on effects on equity) Note 11 – Investment instruments, continued Amounts recognized in profit and loss and other comprehensive income For the years ended December 31, 2022 and 2021, the following gains and losses were recognized in profit or loss and other comprehensive income: 2022 2021 MCh$ MCh$ Dividends from equity investments held at FVTOCI recognized in profit or loss 1,795 1,870 Related to investments derecognized during the period (24,918) (32,954) Related to investments held at the end of the reporting period — — Totals (23,123) (31,084) |
Investment in Associates
Investment in Associates | 12 Months Ended |
Dec. 31, 2022 | |
Investments in Associates. | |
Investments in Associates | Note 12 – Investments in Associates a) As of December 31, 2022 and 2021, investments in associates are as follows: Investment Investment Entity's share Investment amount Income Entity's share Investment amount Income as of December 31, as of December 31, as of December 31, as of December 31, as of December 31, as of December 31, Entity 2022 2022 2022 2021 2021 2021 % MM$ MM$ % MM$ MM$ Nexus S.A. (3) — % — — 14.8148 % — 468 Transbank S.A.(1) 8.7188 % 9,672 2,270 8.7188 % 7,399 (1,085) Combanc S.A.(2) 9.8100 % 745 80 9.8100 % 670 260 IMERC OTC S.A.(2) 8.6624 % 1,167 79 8.6624 % 1,083 70 Totals 11,584 2,429 9,152 (287) (1) On November 30, 2021, a purchase sale agreement was executed over the total participation held over Operadora de Tarjeta de Crédito Nexus SA (“Nexus”), together with the rest of current shareholder of Nexus, in order to sell to Minsait 100% of the equity held. As of December 31, 2022, the transaction was completed and Banco Itaú Chile ceased to be a shareholder of Nexus (See Note 3). (2) As of the second quarter of 2021, the Bank gained significant influence over Combanc S.A. and Imerc OTC S.A. Management concluded that, because of fact that the Bank can elect one of the members of the Board of Directors in each of these entities, in addition to other factors, such as significant transactions between the Bank and these entities, exchange of essential technical information with its investees and other factors, the Bank has significant influece in the financial and operating decision-making of these investees, but does not control them. With this transaction, the Bank’s total interest increased to 9.81% . b) Summarized financial information of associates as of December 31, 2022 and 2021: As of December 31, As of December 31, 2022 2021 Assets Liabilities Equity Income Assets Liabilities Equity Income MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Nexus S.A — — — — 21,145 9,673 8,310 3,162 Transbank S.A 1,498,207 1,387,278 84,898 26,031 1,317,587 1,232,689 97,337 (12,439) Combanc S.A. 8,358 1,004 6,424 930 7,569 931 6,246 392 IMERC OTC S.A. 35,564 22,342 12,350 872 35,641 23,023 12,247 371 Totals 1,542,129 1,410,624 103,672 27,833 1,381,942 1,266,316 124,140 (8,514) c) Investment in associates movements for the years ended December 31, 2022 and 2021 are as follows: 2022 2021 MCh$ MCh$ Balances as of January 1, 9,152 7,149 Investment acquisition (2) — 106 Investments reclassified to held for sale (3) — (1,279) Participation in income (1) 2,429 2,304 Transbank capital — 872 Other 3 — Totals 11,584 9,152 (1) Refer to reference (2) within section a) “Associated entities” regarding to 2021. (2) In November 2021, Banco Itaú Chile acquired 157 shares of Combanc S.A., giving it an increase of 1.63% in its interest ownership. With this transaction, the Bank’s total interest increased to 9.81% . (3) Refer to reference (1) within section a) “Associated entities” . |
Intangible assets
Intangible assets | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Intangible assets | Note 13 – Intangible assets a) Composition of intangibles assets as of December 31, 2022 and 2021 is as follows: Average Remaining Net assets as Net assets as Useful amortization of January 1, Gross Accumulated of December Concept life years years 2022 balance amortization 31, 2022 MCh$ MCh$ MCh$ MCh$ Software or computer programs 6 2 142,536 304,260 (145,583) 158,677 Goodwill from business combinations 492,512 492,512 — 492,512 Other intangible assets arising from 9 2 64,296 189,044 (146,443) 42,601 Totals 699,344 985,816 (292,026) 693,790 Average Remaining Net assets as Net assets as Useful amortization of January 1, Gross Accumulated of December Concept life years years 2021 balance amortization 31, 2021 MCh$ MCh$ MCh$ MCh$ Software or computer programs 6 3 140,180 268,047 (125,511) 142,536 Goodwill from business combinations 492,512 492,512 — 492,512 Other intangible assets arising from 9 3 85,991 189,044 (124,748) 64,296 Totals 718,683 949,603 (250,259) 699,344 b) Movements on gross balances of intangible assets as of December 31, 2022 and 2021 are as follows: Software or Goodwill from Other intangible assets computer business arising from programs combinations business combinations Total MCh$ MCh$ MCh$ MCh$ Opening balances as of January 1, 2022 268,047 492,512 189,044 949,603 Additions 49,918 — — 49,918 Disposals (806) — — (806) Exchange differences (12,575) — — (12,575) Others (324) — — (324) Ending balances as of December 31, 2022 304,260 492,512 189,044 985,816 Software or Goodwill from Other intangible assets computer business arising from programs combinations business combinations Total MCh$ MCh$ MCh$ MCh$ Opening balances as of January 1, 2021 238,609 492,512 189,044 920,165 Additions 38,624 — — 38,624 Disposals (14,828) — — (14,828) Exchange differences 1,224 — — 1,224 Others 4,418 — — 4,418 Ending balances as of December 31, 2021 268,047 492,512 189,044 949,603 Note 13 – Intangible assets, continued c) Movements on accumulated amortization of intangible assets for the years ended December 31, 2022 and 2021 are as follows: Software or Goodwill Other intangible assets computer from business arising from programs combinations business combinations Totals MCh$ MCh$ MCh$ MCh$ Opening balances as of January 1, 2022 (125,511) — (124,748) (250,259) Amortization for the year (33,021) — (21,695) (54,716) Exchange differences 7,728 — — 7,728 Others 5,221 — — 5,221 Ending balances as of December 31, 2022 (145,583) — (146,443) (292,026) Software or Goodwill Other intangible assets computer from business arising from programs combinations business combinations Totals MCh$ MCh$ MCh$ MCh$ Opening balances as of January 1, 2021 (98,429) — (103,053) (201,482) Amortization for the year (34,096) — (21,695) (55,791) Exchange differences (994) — — (994) Others 8,008 — — 8,008 Ending balances as of December 31, 2021 (125,511) — (124,748) (250,259) d) Impairment As required by International Accounting Standard 36 “Impairment of assets”, the Bank performs at the end of each reporting period an evaluation of the impairment indicators that affect the determination of the recoverable amount of its assets. As of December 31, 2022 and 2021, no indications of impairment have been identified that affect the balances of intangible assets. Goodwill and indefinite useful life intangible assets, the recoverable amount is estimated on annual basis, as described on Note 1.p) . Further revelations on the recoverable amount estimated are presentes on Note 32 b). e) Restrictions Banco Itaú Chile and its subsidiaries have no restrictions on intangible assets as of December 31, 2022 and 2021. In addition, no intangible assets have been pledged as collateral to secure the fulfillment of any obligations. |
Property, plant and equipment
Property, plant and equipment | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Property, plant and equipment | Note 14 – Property, plant and equipment a) Property, plant and equipment as of December 31, 2022 and 2021 are broken down as follows. Average remaining Net assets as Net assets Useful life depreciation of January Gross Accumulated as of December years years 1, 2022 Balance depreciation 31, 2022 MCh$ MCh$ MCh$ MCh$ Buildings 26 14 32,648 61,920 (33,267) 28,653 Land — — 3,548 2,319 — 2,319 Equipment 6 3 23,798 82,885 (63,573) 19,312 Others 14 8 11,939 35,435 (25,523) 9,912 Totals 71,933 182,559 (122,363) 60,196 Average remaining Net assets as Net assets Useful life depreciation of January Gross Accumulated as of December years years 1, 2021 Balance depreciation 31, 2021 MCh$ MCh$ MCh$ MCh$ Buildings 26 15 36,653 75,719 (43,071) 32,648 Land — — 3,507 3,548 — 3,548 Equipment 6 4 27,650 85,835 (62,037) 23,798 Others 14 9 12,805 36,039 (24,100) 11,939 Totals 80,615 201,141 (129,208) 71,933 The useful life presented in the preceding tables, corresponds to the total useful life and residual useful life for the property, plant and equipment. Total useful lives have been determined based on our expected use of the assets, considering quality of the original construction, the environment in which the assets are located, quality and degree of maintenance carried out, and appraisals performed by external experts of the Bank. b) Movements on gross balances as of December 31, 2022 and 2021, are as follows: Buildings Land Equipment Other Totals MCh$ MCh$ MCh$ MCh$ MCh$ Opening balances as of January 1, 2022 75,719 3,548 85,835 36,039 201,141 Additions 6,304 — 4,589 3,162 14,055 Sales and/or retirements for the year (13,513) (89) (1,224) (2,440) (17,266) Impairment — — — (20) (20) Exchange differences (3,814) (576) (6,315) (1,306) (12,011) Reclassification to assets held for sale (2,776) (106) — — (2,882) Other — (458) — — (458) Ending balances as of December 31, 2022 61,920 2,319 82,885 35,435 182,559 Buildings Land Equipment Other Totals MCh$ MCh$ MCh$ MCh$ MCh$ Opening balances as of January 1, 2021 73,312 3,506 85,404 35,664 197,886 Additions 3,213 — 4,887 2,635 10,735 Sales and/or disposals for the year — — (4,663) (2,386) (7,049) Impairment (1) — — (52) (415) (467) Exchange differences (806) 42 754 260 250 Others — — (495) 281 (214) Ending balances as of December 31, 2021 75,719 3,548 85,835 36,039 201,141 Note 14 – Property, plant and equipment c) Movements of accumulated depreciation of property, plant and equipment for years ended December 31, 2022 and 2021, are as follows: Buildings Land Equipment Other Total MCh$ MCh$ MCh$ MCh$ MCh$ Opening balances as of January 1, 2022 (43,071) — (62,037) (24,100) (129,208) Depreciation for the year (6,562) — (7,864) (4,494) (18,920) Sales and/or disposals for the year 12,811 — 1,034 1,838 15,683 Impairment — — — (10) (10) Exchange differences 2,235 — 5,294 1,243 8,772 Reclassification to assets held for sale 1,320 — — — 1,320 Other — — — — — Ending balances as of December 31, 2022 (33,267) — (63,573) (25,523) (122,363) Buildings Land Equipment Other Total MCh$ MCh$ MCh$ MCh$ Opening balances as of January 1, 2021 (36,658) — (57,754) (22,859) (117,271) Depreciation for the year (6,920) — (8,217) (3,471) (18,608) Sales and/or disposals for the year — — 4,645 2,307 6,952 Impairment 705 — 52 383 1,140 Exchange differences (198) — (763) (179) (1,140) Others — — — (281) (281) Ending balances as of December 31, 2021 (43,071) — (62,037) (24,100) (129,208) e) Impairment Banco Itaú Chile evaluates, at the end of each reporting period, whether there is any indication of impairment of any asset. If this indication exists, or when an impairment test is required, the Bank estimates the recoverable amount of the asset. As of December 31, 2022 and 2021 there is no indication nor concrete evidence of impairment (see details in note 32). As of the date of these Consolidated Financial Statements, there have been no events that require the recognition of impairment. f) Restrictions The Bank and subsidiaries have no restrictions on property, plant and equipment as of December 31, 2022 and 2021. Additionally, property, plant and equipment has not been pledged to ensure compliance with obligations. Furthermore, there are no amounts owed by the Bank on property, plant and equipment as of the aforementioned dates. |
Assets for Rights-of-Use and Ob
Assets for Rights-of-Use and Obligations for Lease Contracts | 12 Months Ended |
Dec. 31, 2022 | |
Assets for Rights-of-Use and Obligations for Lease Contracts | |
Assets for Rights-of-Use and Obligations for Lease Contracts | Note 15 – Assets for Rights-of-Use and Obligations for Lease Contracts a) Asset for right-of-use (i) The Bank has mainly lease agreements for its branches and corporate building. The composition of this item as of December 31, 2022 and 2021, is as follows: Years of Years of average useful remaining Net Assets as of Accumulated Net Assets as of life useful life January 1, 2022 Gross Balances Depreciation December 31, 2022 N° N° MCh$ MCh$ MCh$ MCh$ Buildings 8 5 110,743 164,052 (74,513) 89,539 Land — — — — — — Others leased assets 3 — 38 — — — Totals 110,781 164,052 (74,513) 89,539 Years of Years of average useful remaining Net Assets as of Accumulated Net Assets as of life useful life January 1, 2021 Gross Balances Depreciation December 31, 2021 N° N° MCh$ MCh$ MCh$ MCh$ Buildings 7 5 145,906 175,358 (64,615) 110,743 Land — — — — — — Others leased assets 3 3 102 152 (114) 38 Totals 146,008 175,510 (64,729) 110,781 (ii) Movement in the gross balance of assets for the right to use assets under lease at 31 December 2022 and 2021, is as follows Buildings Land Others leased assets Totals MCh$ MCh$ MCh$ MCh$ Opening balance as of January 1, 2022 175,358 152 175,510 Additions 9,113 — — 9,113 Disposals due to early termination (1) (15,372) — (122) (15,494) Remeasurements of the liability due to modifications (2) (8,985) — (5) (8,990) Inflation indexation adjustments (3) 9,248 — — 9,248 Exchange differences (5,310) — (25) (5,335) Ending balances as of December 31, 2022 164,052 — — 164,052 Buildings Land Others leased assets Totals MCh$ MCh$ MCh$ MCh$ Opening balance as of January 1, 2021 195,992 — 173 196,165 Additions 4,674 — — 4,674 Disposals due to early termination (1) (32,712) — (16) (32,728) Remeasurements of the liability due to modifications (2) (728) — — (728) Inflation indexation adjustments (3) 6,258 — (6) 6,252 Exchange differences 1,874 — 1 1,875 Ending balances as of December 31, 2021 175,358 — 152 175,510 (1) Corresponds to early terminations due to the restructuring plan (2) Corresponds to remeasurements of the recognized liability due to contracts modifications. (3) Corresponds to subsequent adjustments due to liabilities remeasurements due to index changes, according to each lease agreement. Note 15 – Assets for Rights-of-Use and Obligations for Lease Contracts, continued (iii) The movement in the accumulated depreciation of assets for the right to use assets under lease agreements as of December 31, 2022 and 2021, is as follows: Buildings Land Other leased assets Totals MCh$ MCh$ MCh$ MCh$ Opening balance as of January 1, 2022 (64,615) — (114) (64,729) Depreciation (22,518) — (33) (22,551) Disposals due to early termination 9,790 — 125 9,915 Exchange differences 2,695 — 22 2,717 Reclassifications 135 — — 135 Impairment — — — — Ending balances as of December 31, 2022 (74,513) — — (74,513) Buildings Land Other leased assets Totals MCh$ MCh$ MCh$ Opening balance as of January 1, 2021 (50,086) — (71) (50,157) Depreciation (1) (27,125) — (59) (27,184) Disposals due to early termination (2) 13,333 — 16 13,349 Exchange differences (737) — — (737) Ending balances as of December 31, 2021 (64,615) — (114) (64,729) (1) See note 32 “Depreciation, amortization and impairment” (2) Corresponds to early terminations due to the restructuring plan b) Lease contracts liabilities i) As of December 31, 2022 and 2021, the obligations for lease contracts are as follows December 31, 2022 December 31, 2021 MCh$ MCh$ Lease contract liabilities 94,575 115,544 Totals 94,575 115,544 The Bank and its subsidiaries have contracts, with certain renewal options, for which there is reasonable certainty that the option will be exercised. In such cases, the lease period used to measure the liabilities and assets corresponds to an estimate of future renewals. ii) Movement in lease liabilities and cash flows for the period is shown below 2022 2021 MCh$ MCh$ Opening balance as of January 1, 115,544 151,885 Additions due to new contracts 9,113 4,674 Disposals due to early termination (2) (5,527) (20,177) Interest expenses 3,657 3,725 Remeasurements of the liability due to modifications (1) (8,908) (728) Inflation indexation adjustments 9,171 6,252 Exchange rate adjustments (22) 25 Exchange difference (3,776) 1,435 Capital and interest payments (24,677) (31,547) Ending balance as of December 31, 94,575 115,544 (1) Corresponds to remeasurements of the recognized liability due to contract modifications. (2) Corresponds to early terminations due to the restructuring pla n |
Current Taxes and Deferred Taxe
Current Taxes and Deferred Taxes | 12 Months Ended |
Dec. 31, 2022 | |
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Current Taxes and Deferred Taxes | Note 16 – Current Taxes and Deferred Taxes a) Current taxes At the end of each reporting period, the Bank and subsidiaries recognize a First Category Income Tax Provision, which is determined based on substantially enacted tax legislation. The net provision for current taxes recognized as of December 31, 2022 was MCh$88,276 (MCh$56,852 as of December 31, 2021), according to the following detail: a.1) Current taxes assets and liabilities by geographical area: As of December 31, 2022 As of December 31, 2021 Chile USA (1) Colombia Totals Chile USA (1) Colombia Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Current tax assets 50,690 — 37,663 88,353 18,871 1,713 37,600 58,184 Current tax liabilities — — (77) (77) (393) — (939) (1,332) Totals, net 50,690 — 37,586 88,276 18,478 1,713 36,661 56,852 a.2) Details of current tax items by geographical area: As of December 31, 2022 As of December 31, 2021 Chile USA (1) Colombia Total Chile USA (1) Colombia Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Income tax with effect in profit and loss (12,000) — (1,819) (13,819) (51,768) — (2,908) (54,676) Income tax effect on equity, net investments hedge — — — — (7,145) — — (7,145) Income tax, rate 27% (12,000) — (1,819) (13,819) (58,913) — (2,908) (61,821) Less: Monthly Provisional Payments 51,824 — 24,576 76,400 25,429 — 19,494 44,923 Tax credit for training costs 1,000 — — 1,000 800 — — 800 Tax credit donations 828 — — 828 732 — — 732 4% event capital credit 721 — — 721 1,460 — — 1,460 Other taxes to be recovered (paid) (2) 8,317 — 14,829 23,146 48,970 1,713 20,075 70,758 Totals 50,690 — 37,586 88,276 18,478 1,713 36,661 56,852 (1) Corresponds to the branch located in New York. Note 16 – Current Taxes and Deferred Taxes, continued b) Effect on income The tax expense for the years ended December 31, 2022, 2021 and 2020 is comprised of the following items: 2022 2021 2020 MCh$ MCh$ MCh$ Income tax expense Current tax expense (13,819) (54,676) 8,064 Deferred taxes Deferred tax expenses 34,041 (52,836) 109,848 Subtotals 20,222 (107,512) 117,912 Others 10,336 (8,119) (2,702) Net expense for income taxes 30,558 (115,631) 115,210 c) Effective tax rate reconciliation The following table reconciles the income tax rate to the effective rate applied to determine the Bank’s income tax expense for the year ended December 31, 2022, 2021 and 2020. The nominal tax rates of the countries where consolidated subsidiaries are located are: 2022 2021 2020 Tax rates Tax rates Tax rates Chile 27.0% 27.0% 27.0% Colombia 38.0% 34.0% 36.0% USA 21.0% 21.0% 24.1% For the years ended December 31, 2022 2021 2020 Tax rate Amount Tax rate Amount Tax rate Amount % MCh$ % MCh$ % MCh$ Amount calculated by using the statutory rates 27.00 (111,457) 27.00 (105,804) 27.00 254,169 Equity price level restatement for tax purposes (1) (37.76) 155,880 (15.85) 62,109 2.53 23,814 Effect of rates Colombia subsidiary (2) (0.78) 3,228 (0.51) 1,992 1.37 12,884 Effect of rates New York branch (0.19) 780 (0.21) 812 0.00 10 Goodwill impairment effect — — — — (19.93) (187,633) Capital investments tax exemptions (3) 0.36 (1,493) 2.58 (10,127) 0.14 1,303 Effect of rate change Colombia (0.40) 1,644 (2.26) 8,860 (0.40) (3,804) Exchange differences due to investments in Colombia (4) 2.94 (12,133) 16.51 (64,713) 1.94 18,285 Taxes in USA 2.15 (8,880) 0.95 (3,728) (0.10) (931) Permanent and other differences (5) (0.72) 2,989 1.28 (5,032) (0.31) (2,887) Totals (7.40) 30,558 29.51 (115,631) 12.24 115,210 (1) During the year ended December 31, 2022, the CPI factor used to adjust the Tax-basis Equity was equal to 13.3% ( 6.7% in 2021; 2.7% in 2020), (2) This line reflects the differences in tax rates from other jurisdictions, based on the Bank’s consolidated result, (3) Capital gains from sales of fixed income instruments qualifying for tax exemption under Article 104 of the Chilean Income Tax Act are not subject to income tax, (4) For tax purposes, the investment in Colombia is measured in U,S, dollars, The devaluation (appreciation) of the Chilean peso against the U,S, dollar generates income (expense) for tax purposes without a corresponding effect on the accounting results, The amount presented here represents the income tax expense (income) due to the effect of the exchange rate on the investment in Colombia, As part of its exchange rate risk management policy, the Bank has managed this exposure through instruments available in the market to protect itself economically from the tax effect generated by the variation in the exchange rate, The effect of these instruments (which offset the tax effect presented here) is recognized in the Net foreign exchange gain (loss) line of the Consolidated Statement of Income for the year, (5) This line provides the effects of the variation in the exchange rate for the US dollar reported by the Chilean Central Bank that affects the valuation of the tax investment of the New York branch; and other effects, Note 16 – Current Taxes and Deferred Taxes, continued d) Other comprehensive income – tax effects The table below sets for a summary of the deferred tax effect on other comprehensive income for the years ended December 31, 2022, 2021 and 2020, which consists of the following items: d.1) Tax effect of “OCI” that may be reclassified subsequently to profit or loss: 2022 2021 2020 MCh$ MCh$ MCh$ Debt instruments at fair value through other comprehensive income (7,799) 10,569 1,558 Hedge of a net investment in foreign operations 3,749 18,417 (21,795) Cash flows hedge 15,882 (19,092) (3,034) Total charge to other comprehensive income 11,832 9,894 (23,271) d.2) “OCI” that may not be reclassified subsequently to profit or loss: 2022 2021 2020 MCh$ MCh$ MCh$ Income tax relating to defined benefit obligation (1,061) (274) (19) Total charge to other comprehensive income (1,061) (274) (19) e) Effect of deferred taxes e.1) Totals deferred taxes Detail of effects for deferred taxes presented in assets and liabilities is as follows: As of December 31, 2022 As of December 31, 2021 Assets Liabilities Net Assets Liabilities Net MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Allowances for loan losses 233,612 — 233,612 208,859 — 208,859 Accrued interest on past due portfolio 11,604 — 11,604 3,919 — 3,919 Unearned price differences 950 — 950 340 — 340 Personnel provisions 11,817 — 11,817 11,339 — 11,339 Contingencie provisions 38,308 — 38,308 54,579 — 54,579 Tax losses 81,182 — 81,182 57,248 — 57,248 Net tax value of amortizable assets 1,371 — 1,371 1,459 — 1,459 Depreciation of property, plant and equipment (34,768) — (34,768) (29,541) — (29,541) Lease division and others (31,311) — (31,311) 17,249 — 17,249 Mark to market of financial instruments (28,587) — (28,587) (34,892) — (34,892) Itaú-Corpbanca business combination (11,502) — (11,502) (17,399) — (17,399) IFRS 16 leases effect 1,417 — 1,417 (2,275) — (2,275) Others 519 — 519 1,326 — 1,326 Totals assets (liabilities) for deferred taxes 274,612 — 274,612 272,211 — 272,211 Note 16 – Current Taxes and Deferred Taxes, continued e.2) Deferred taxes by geographic area: As of December 31, 2022 As of December 31, 2021 Chile USA Colombia Total Chile USA Colombia Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Deferred tax assets 178,996 16,587 79,029 274,612 182,981 15,717 73,513 272,211 Deferred tax liabilities — — — — — — — — Net by geographic area 178,996 16,587 79,029 274,612 182,981 15,717 73,513 272,211 Effects of deferred taxes on assets and liabilities arising from temporary differences (by geographic area) are as follows: As of December 31, 2022 As of December 31, 2021 Chile USA Colombia Total Chile USA Colombia Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Allowances for loan losses 209,012 142 24,458 233,612 185,022 (251) 24,088 208,859 Accrued interest on past due portfolio 11,604 — — 11,604 3,919 — — 3,919 Unearned price differences 950 — — 950 340 — — 340 Personnel provisions 4,973 595 6,249 11,817 4,286 393 6,660 11,339 Contingencie provisions 8,171 (229) 30,366 38,308 41,866 (1,774) 14,487 54,579 Tax losses 46,484 11,744 22,954 81,182 3,157 17,038 37,053 57,248 Net tax value of amortizable assets 1,371 — — 1,371 1,459 — — 1,459 Depreciation of property, plant and equipment (35,689) (61) 982 (34,768) (29,469) (56) (16) (29,541) Lease division and others (35,221) — 3,910 (31,311) 7,501 — 9,748 17,249 Mark to market of financial instruments (18,748) 4,396 (14,235) (28,587) (16,212) 368 (19,048) (34,892) Itaú-Corpbanca business combination (11,502) — — (11,502) (17,446) — 47 (17,399) IFRS 16 leases effect 891 — 526 1,417 (2,137) (1) (137) (2,275) Others (3,300) — 3,819 519 695 — 631 1,326 Totals assets (liabilities), net 178,996 16,587 79,029 274,612 182,981 15,717 73,513 272,211 |
Other Assets and Non-current As
Other Assets and Non-current Assets Held for Sale | 12 Months Ended |
Dec. 31, 2022 | |
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Other Assets and Non-current Assets Held for Sale | Note 17 – Other Assets and Non-current Assets Held for Sale a) The detail of other assets is as follows: As of December 31, 2022 2021 MCh$ MCh$ Assets to be leased out as lessor (1) 16,012 29,241 Collateral for financial transactions (threshold) 456,749 582,448 Receivables from brokerage of financial instruments 18,467 33,137 Accounts receivable from third parties 43,000 88,736 Investment properties 2,536 1,169 VAT credit receivable 6,472 5,034 Prepaid expenses 30,189 27,538 Assets for revenue from contracts with customers 11,042 7,508 Other cash collateral provided (2) 2,920 2,997 Other assets 42,296 32,713 Totals 629,683 810,521 (1) Property, plant and equipment acquired to be ceded under financial leases. (2) Includes payments made in advance for different services that will be received (leases, insurance, and others). b) The detail of non-currents assets held for sale is as follows: As of December 31, 2022 2021 MCh$ MCh$ Assets received in payment or foreclosed at judicial auction Assets received in lieu of payment 12,873 10,170 Property, plant and equipment held for sale 7,827 478 Investment held for sale (1) — 1,746 Total 20,700 12,394 (1) The investment in companies held for sale includes the investment held in Nexus S.A. that provides support to the Bank, on November 30, 2021, subscribed a purchase and sale commitment for 100% of the shares held by the Bank. The Bank had recorded an asset of MCh $1,746 For further information see note 12. As of Decembre 2022, the bank received payments that amounts to MCh 1,763 for the sale of its interest in Nexus S.A generating a gain of MCh 17 for the transaction. |
Deposits and Other Demand Liabi
Deposits and Other Demand Liabilities and Time Deposits | 12 Months Ended |
Dec. 31, 2022 | |
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Deposits and Other Demand Liabilities and Time Deposits | Note 18 – Deposits and Other Demand Liabilities and Time Deposits a) As of December 31, 2022 and 2021, deposits and other demand liabilities are as follow: As of December 31, 2022 2021 MCh$ MCh$ Checking accounts 3,813,559 4,664,214 Other deposits and demand accounts 1,410,626 2,556,021 Advance payments received from customers 22,028 38,199 Other demand liabilities 308,972 317,661 Totals 5,555,185 7,576,095 b) As of December 31, 2022 and 2021, time deposits and other time liabilities are as follows: As of December 31, 2022 2021 MCh$ MCh$ Time deposits 12,685,710 10,076,331 Time savings accounts 17,943 21,112 Other time liabilities — — Totals 12,703,653 10,097,443 |
Interbank Borrowings
Interbank Borrowings | 12 Months Ended |
Dec. 31, 2022 | |
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Interbank Borrowings | Note 19 – Interbank Borrowings a) As of December 31, 2022 and 2021, interbank borrowings are as follows: As of December 31, 2022 2021 MCh$ MCh$ Loans obtained from local financial institutions Chilean Central Bank (1) 3,007,284 3,007,242 Banks in the country 35,085 — Subtotals 3,042,369 3,007,242 Loans obtained from foreign financial institutions Banco Caja Social — 58,893 Banco Itaú Paraguay S.A. — 8,450 Banco de crédito e inversiones 24,438 — Banco Latinoamericano de Exportación (BLADEX) 72,167 62,891 Banco República — 330 Bancoldex S.A. (Colombia) 16,619 22,037 Bank of America, N.A. 148,266 79,744 Bank of Montreal 141,063 158,526 Bank of New York 50,337 42,204 Bank of Nova Scotia 106,862 141,455 BBVA Asset Management Continental S.A. (Perú) — 44,987 BNP Paribas 131,794 118,551 Citibank N.A. 123,494 42,204 Cobank C.B. 53,469 51,603 Commerzbank A.G. 110,572 15 Corporación Andina de Fomento — 84,408 Credicorp Capital SASAF — 96,775 Deutsche Bank A.G. 90,155 84,177 Findeter S.A. Financiera del Desarrollo Territorial 47,906 55,505 IFC Corporación Financiera Internacional — 88,080 La Caixa 71,476 17,942 Mizuho Corporate Bank 17,086 — Scotia Fondos Sociedad Administradora de Fondos S.A. — 14,408 Standard Chartered Bank 64,073 — Sumitomo Mitsui Banking Corporation 185,465 368,250 Unicredit Bank — 16,638 Wells Fargo Bank, N.A. 171,313 202,629 Zuercher Kantonalbank 7,942 — Others 51,457 50,479 Subtotals 1,685,954 1,911,181 Totals 4,728,323 4,918,423 (1) Corresponds to funds obtained through the new Conditional Funding Facility (FCIC) and the Liquidity Credit Line (LCL), granted by the Central Bank of Chile (BCCh) in response to the financials needs generated by the spread of the COVID-19 virus. Funds obtained through FCIC are guaranteed by high credit quality loans and / or bonds issued by the BCCh and have automatic and successively monthly renewal maturities, with a maximum term of 4 years from March 30, 2020 until March 30, 2024. On January 31, 2022, the Central Bank established an optional mecanisim in order to incorporate LCL into the FCIC. The bank consolidate both instruments into FCIC extending its maturity for an additional two years . |
Debt Instruments Issued and Oth
Debt Instruments Issued and Other Financial Liabilities | 12 Months Ended |
Dec. 31, 2022 | |
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Debt Instruments Issued and Other Financial Liabilities | Note 20 – Debt Instruments Issued and Other Financial Liabilities As of December 31, 2022 and 2021, composition of debt instruments issued and other financial liabilities is as follows: As of December 31, 2022 2021 MCh$ MCh$ Debt instruments issued 6,907,380 5,652,230 Regulatory capital financial instruments issued 1,263,169 1,153,045 8,170,549 6,805,275 a) Debt instruments issued As of December 31, 2022 2021 MCh$ MCh$ Debt instruments issued Mortgage finance bonds 18,940 24,035 Senior bonds 6,528,867 5,585,760 Subtotals 6,547,807 5,609,795 Other financial liabilities Liabilities with the public sector — — Borrowings from local financial institutions 359,573 42,435 Subtotals 359,573 42,435 Totals 6,907,380 5,652,230 a.1) Mortgage finance bonds Debts classified as short-term are those that constitute demand obligations or will mature within a year. All other debts are classified as long-term. Detail is as follows As of December 31, 2022 Short term Long term Totals MCh$ MCh$ MCh$ Mortgage finance bonds 6,146 12,794 18,940 Senior bonds 323,821 6,205,046 6,528,867 Debt instruments issued 329,967 6,217,840 6,547,807 Other financial liabilities 359,573 — 359,573 As of December 31, 2021 Short term Long term Totals MCh$ MCh$ MCh$ Mortgage finance bonds 6,809 17,226 24,035 Senior bonds 506,250 5,079,510 5,585,760 Debt instruments issued 513,059 5,096,736 5,609,795 Other financial liabilities 42,435 — 42,435 The following tables provide with additional information, including maturities, for each type of debt issued as of December 31, 2022 and 2021. Note 20 – Debt Instruments Issued and Other Financial Liabilities, continued a.2) Senior bonds Details for senior bonds, by currency, are as follows: As of December 31, 2022 2021 MCh$ MCh$ Bonds in UF 5,853,292 4,651,061 Bonds in CLP 252,573 352,171 Bonds in COP 423,002 582,528 Totals 6,528,867 5,585,760 The following table presents details for senior bonds issued: Senior bonds issued during the year ended December 31, 2022: Serie Currency Amount Term Issuance rate Placement date Maturity date BITACT0418 UF 1,500,000 8 years and 2 months 2.00% annual 02/25/2022 10/09/2027 BITACV0418 UF 3,000,000 8 years and 2 months 2.00% annual 03/03/2022 10/09/2029 BITACU0418 UF 2,000,000 6 years and 1 month 2.00% annual 03/18/2022 10/09/2028 BITADL0321 UF 3,000,000 9 years and 9 months 1.00% annual 05/27/2022 03/09/2032 BITADK0821 UF 3,000,000 9 years and 2 months 1.00% annual 05/31/2022 08/09/2031 BITADJ0321 UF 3,000,000 8 years and 9 months 1.00% annual 06/16/2022 08/09/2031 BITADI0521 UF 3,000,000 7 years and 10 months 1.00% annual 08/01/2022 05/09/2030 BITADH0321 UF 3,000,000 7 years and 5 months 1.00% annual 08/25/2022 03/09/2030 BITADO0622 UF 5,000,000 11 years 2.20% annual 11/04/2022 06/09/2033 BITADN0322 UF 3,000,000 9 years and 9 months 2.20% annual 11/29/2022 09/09/2032 BITADP0222 UF 1,000,000 11 years and 7 months 2.20% annual 12/27/2022 08/09/2034 BITADP0222 UF 1,000,000 11 years and 7 months 2.20% annual 12/27/2022 09/08/2034 Totals 31,500,000 Senior bonds issued during the year ended December 31, 2021: Serie Currency Amount Term Issuance rate Placement date Maturity date BITADD0919 UF 1,000,000 8 years and 2 months 0.75% annual 01/15/2021 03/09/2029 BITADD0919 UF 1,000,000 8 years and 2 months 0.75% annual 01/19/2021 03/09/2029 BITADB0919 UF 1,000,000 6 years and 1 month 0.75% annual 02/10/2021 03/09/2027 BITADB0919 UF 2,000,000 6 years 0.75% annual 03/11/2021 03/09/2027 BITADD0919 UF 500,000 7 years and 11 months 0.75% annual 04/09/2021 03/09/2029 BITADD0919 UF 1,500,000 7 years and 10 months 0.75% annual 05/31/2021 03/09/2029 BITACW0418 UF 2,000,000 9 years and 1 month 2.00% annual 08/27/2021 10/09/2030 BITADB0919 UF 1,000,000 5 years and 6 months 0.75% annual 09/14/2021 03/09/2027 BITADB0919 UF 1,000,000 5 years and 6 months 0.75% annual 09/15/2021 03/09/2027 BITACN0419 CLP 60,000,000,000 4 years and 5 months 2.50% annual 10/21/2021 04/01/2026 BITACW0418 UF 5,500,000 8 years and 11 months 2.00% annual 10/26/2021 10/09/2030 BITACT0418 UF 2,000,000 5 years and 11 months 2.00% annual 10/26/2021 10/09/2027 BITACV0418 UF 3,000,000 7 years and 11 months 2.00% annual 11/03/2021 10/09/2029 BITACT0418 UF 2,000,000 5 years and 11 months 2.00% annual 11/03/2021 10/09/2027 Totals UF 23,500,000 Serie Currency Amount Term Issuance rate Placement date Maturity date BITACN0419 CLP 60,000,000,000 4 years and 5 months 2.50% annual 10/21/2021 04/01/2026 Totals CLP 60,000,000,000 Note 20 – Debt Instruments Issued and Other Financial Liabilities, continued b) Regulatory capital financial instruments issued Details of subordinated bonds, by currency, are as follows: As of December 31, 2022 2021 MCh$ MCh$ Subordinated bonds Subordinated bonds with transitional recognition — — Subordinated bonds 1,263,169 1,153,045 Regulatory capital financial instruments issued 1,263,169 1,153,045 As of December 31, 2022 2021 MCh$ MCh$ Bonds in UF 1,070,933 955,982 Bonds in CLP 147,291 — Bonds in COP 44,945 197,063 Totals 1,263,169 1,153,045 For the years ended December 31, 2022 and 2021 no issuance of subordinated bonds took place. As of December 31, 2022 and 2021, the Bank has not incurred in any default in the payments of principal, interest or others in regard to debt instruments issued. |
Provisions
Provisions | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Provisions | Note 21 – Provisions As of December 31, 2022 and 2021, the Bank has registered the following movements in its provisions: a) Other Provisions Provisions disclosed in liabilities as of December 31, 2022 and 2021 present the following detail: As of December 31, 2022 2021 MCh$ MCh$ Provisions for personnel salaries and expenses 109,211 116,274 Provisions for mandatory dividends 130,123 83,342 Provisions for contingent loans risk 41,701 30,589 Provisions for contingencies 6,099 5,142 Totals 287,134 235,347 b) Movements in provisions for contingent loans risk, for the year ended December 31, 2022 and 2021 are as follows: Provisions for contingent loans risk Stage 1 Stage 2 Stage 3 12-Month ECL Lifetime ECL Lifetime ECL Totals Opening balances as of January 1, 2022 17,536 5,372 7,681 30,589 Changes in provisions - Transfers to stage 1 1,007 (951) (56) — - Transfers to stage 2 (642) 820 (178) — - Transfers to stage 3 (64) (167) 231 — - Increases due to change in credit risk 6,589 4,712 1,493 12,794 - Decreases due to change in credit risk (2,935) (1,350) (999) (5,284) - Charge-offs (21) (185) (8) (214) - Changes due to modifications that did not result in derecognition — — — — New financial assets originated or purchased 8,166 3,377 1,189 12,732 Financial assets that have been derecognized (5,064) (1,505) (844) (7,413) Changes in models/risk parameters — — — — Foreign exchange and other movements (1,336) (167) — (1,503) Ending balances as of December 31, 2022 23,236 9,956 8,509 41,701 Note 21 – Provisions, continued Provisions for contingent loans risk Stage 1 Stage 2 Stage 3 12-Month ECL Lifetime ECL Lifetime ECL Totals Opening balances as of January 1, 2021 18,587 12,179 9,009 39,775 Changes in provisions - Transfers to stage 1 2,689 (2,663) (26) — - Transfers to stage 2 (697) 727 (30) — - Transfers to stage 3 (46) (1,336) 1,382 — - Increases due to change in credit risk 2,615 2,611 5,029 10,255 - Decreases due to change in credit risk (8,517) (5,453) (208) (14,178) - Charge-offs (15) (43) (6) (64) - Changes due to modifications that did not result in derecognition — — — — New financial assets originated or purchased 7,743 1,592 908 10,243 Financial assets that have been derecognized (4,915) (2,266) (8,382) (15,563) Changes in models/risk parameters — — — — Foreign exchange and other movements 92 24 5 121 Ending balances as of December 31, 2021 17,536 5,372 7,681 30,589 c) The following table details the movements in provision during 2022 and 2021: Provisions for personnel Provision for Provisions for Provisions for salaries and expenses mandatory dividends contingent loans risk contingencies (1) (2) (3) Totals MCh$ MCh$ MCh$ MCh$ MCh$ Opening balances as of January 1, 2022 116,274 83,342 30,589 5,142 235,347 Provisions applied (1,208) (83,342) — — (84,550) Provisions established 61,353 130,123 25,526 2,811 219,813 Provisions released (56,258) — (12,911) (853) (70,022) Exchange differences (10,950) — (1,503) (1,001) (13,454) Ending balances as of December 31, 2022 109,211 130,123 41,701 6,099 287,134 Provisions for personnel Provisions for Provisions for Provisions for salaries and expenses mandatory dividends contingent loans risk contingencies (1) (2) (3) Totals MCh$ MCh$ MCh$ MCh$ MCh$ Opening balances as of January 1, 2021 90,739 — 39,775 4,576 135,090 Provisions applied (46,062) — — (162) (46,224) Provisions established 170,962 83,342 20,498 (2,931) 271,871 Provisions released (96,264) — (29,805) 3,665 (122,404) Exchange differences (3,101) — 121 (6) (2,986) Ending balances as of December 31, 2021 116,274 83,342 30,589 5,142 235,347 (1) Employee benefits and staff salaries are recorded in “Personnel salaries and expenses.” (2) Mandatory dividends is recorded in the Consolidated Statement of Financial Position in equity, against “Provision for mandatory dividends.” (3) The provisions for contingencies (established) or released are included in Other operating (expenses)/income, depending on whether they are debit or a credit. Note 21 – Provisions, continued d) Provisions for payroll and employee benefits As of December 31, 2022 2021 MCh$ MCh$ Provision of short-term employee benefits (1) 58,262 53,388 Provision of benefits to post-employment employees — — Provision of long-term employee benefits (2) 13,325 16,822 Provision of benefits to employees for termination of employment contract (d.1)(d.3)(d.4) 11,255 11,042 Provision for payments to employees based on shares or equity instruments — — Provision for obligations for defined contribution post-employment plans — — Provision for obligations for post-employment defined benefit plans (d.2) 20,153 26,889 Provision for other staff obligations 6,216 8,133 Totals 109,211 116,274 (1) Short-term benefits includes provision for performance compensations, holiday benefits, year-end bonuses and other similar employee compensation. (2) During 2021 and 2022, the Bank entered into an agreement consisting of an extraordinary long-term variable remuneration which will be paid in April 2024 and 2025, respectively. The remuneration is determined based on a nominal amount adjusted by the variation of the share price at closing date, which will be settled in cash when the milestones of the agreement are met. As of December 31, 2022 and 2021, a provision of MCh $3,598 and MCh $3,277 , were recognized respectively. The main aspects of the Bank’s long term employee benefits are detailed below: d.1) Other long-term employee benefits Description: Financing: The economic assumptions are summarized as follows: As of December 31, 2022 2021 % % Summary of economic assumptions Discount rate 9.75 7.00 Expected rate of salary increase 14.30 7.70 Note 21 – Provisions, continued The movements of the present value of the obligation for this type of benefit and the amounts recognized in the Consolidated Statements of Income are determined using the projected credit unit method and it consist of the following: 2022 2021 MCh$ MCh$ Opening balances as of January 1, 9,061 9,300 Net cost of benefits (1) (543) 656 Payments (861) (1,006) Provisions recorded — — Exchange differences (1,474) 111 Ending balances as of December 31, 6,183 9,061 (1) Detail of net cost of benefit is as follows: As of December 31, 2022 2021 MCh$ MCh$ Current services cost 426 209 Reduction – service costs (1,466) — Interest expense on obligation 497 447 Total (543) 656 d.2) Pension plan Description Financing: The summary of the economic assumptions is as follows: As of December 31, 2022 2021 % % Assumptions Discount rate 9.75 7.50 Expected rate of salary increases 11.80 5.20 Inflation rate 11.80 5.20 Note 21 – Provisions, continued The detail of Pension plan balances movements is as follows: 2022 2021 MCh$ MCh$ Opening balances as of January 1, 26,889 31,531 Interest expense on obligation 1,611 1,606 Payments (2,650) (3,238) Actuarial losses (gains) (1,325) (3,389) Exchange differences (4,372) 379 Ending balances as of December 31, 20,153 26,889 d.3) Retroactive unemployment plan Description Financing: The economic assumptions are summarized as follows: As of December 31, 2022 2021 % % Assumptions Discount rate 8.75 5.75 Expected rate of salary increases 14.30 7.70 Inflation rate 11.80 5.20 The details of movements for this benefits during years ended December 31, 2022 and 2021 are as follows: 2022 2021 MCh$ MCh$ Opening balances as of January 1, 297 296 Current services costs 140 109 Interest expense on obligations 12 11 Actuarial gains (21) (36) Payments of benefits (104) (87) Exchange differences (48) 4 Ending balances as of December 31, 276 297 Note 21 – Provisions, continued d.4) Retirement Bonus Plan Description: Financing: The economic assumptions are summarized as follows: As of December 31, 2022 2021 % % Summary of economic hypothesis Discount rate(s) 9.80 7.50 Expected rate(s) of salary increase 13.80 7.20 Inflation rate 11.80 5.20 The movements in amounts recognized for this benefit are as follows: 2022 2021 MCh$ MCh$ Opening balances as of January 1, 670 689 Current service costs (128) 49 Interest expense on obligation 39 36 Actuarial (gains) losses (12) (97) Payments of benefits (14) (17) Exchange differences (109) 10 Ending balances as of December 31, 446 670 The effect on Other Comprehensive Income is summarized as follows: For the years ended December 31, 2022 2021 2020 MCh$ MCh$ MCh$ Pension plan (e.2) (1,325) (3,389) 885 Retroactive unemployment plan (e.3) (21) (36) (29) Retirement bonus plan (e.4) (12) (97) 33 Total recognition of obligations for defined benefits (1,358) (3,522) 889 Future payments Future actuarial calculations may differ with respect to the calculations presented, due to the following factors: ● The experience of the plans differs from those anticipated by the selected economic and demographic hypotheses. ● Changes in economic and demographic assumptions. Note 21 – Provisions, continued ● Expected increases or decreases as a natural part of the functioning of the methodology for these calculations (for example, the end of the amortization period or additional costs based on the financing situation of the plan). ● Changes in the characteristics of the applicable plan or law, and with respect thereto, there are no significant events affecting the results presented since the last assessment. The following is a detail of future payments for the year 2022 and 2021: Long-term Retroactive Retirement termination unemployment benefit 2022 benefits Pension plan plan plan MCh$ MCh$ MCh$ MCh$ Year 2023 953 2,222 168 88 Year 2023 1,105 2,297 38 24 Year 2024 1,105 2,284 19 30 Year 2025 877 2,262 1 25 Year 2026 786 2,232 18 30 Years 2028- 2032 4,612 10,555 80 170 Long-term Retroactive termination unemployment Retirement 2021 benefits Pension plan plan benefit plan MCh$ MCh$ MCh$ MCh$ Fiscal year 2022 1,178 2,465 105 102 Fiscal year 2023 1,154 2,427 72 50 Fiscal year 2024 880 2,410 32 37 Fiscal year 2025 841 2,386 15 39 Fiscal year 2026 – 2030 1,016 2,353 1 37 Fiscal year 2027 – 2031 4,883 11,085 90 227 |
Other liabilities and liabiliti
Other liabilities and liabilities directly associated with non-current assets held for sale | 12 Months Ended |
Dec. 31, 2022 | |
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Other liabilities and liabilities directly associated with non-current assets held for sale | Note 22 – Other liabilities and liabilities directly associated with non-current assets held for sale a) As of December 31, 2022 and 2021 the other liabilities are as follows: As of December 31, 2022 2021 MCh$ MCh$ Accounts and notes payable (1) 394,975 434,938 Dividends payable 216 244 Unearned income (2) 73,983 12,744 Unearned fees 833 3,816 Payables due to brokerage transactions 18,463 24,488 Collateral for financial transactions (threshold) 464,722 196,012 Other liabilities 54,370 37,370 Totals 1,007,562 709,612 (1) Obligations other than those directly related to the business operations, such as payable withholding taxes, payable social security contributions, balances due on purchases of materials, balances due on obligations under lease agreements for the acquisition of fixed assets, accounts payable for expenses, and others. (2) It corresponds to commissions associated with financial advisory and insurance brokerage businesses that must be deferred in accordance with applicable regulations. b) As of December 31, 2022 and 2021 there are no liabilities directly associated with non-current assets held for sale. |
Contingencies, Commitments, and
Contingencies, Commitments, and Responsibilities | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Contingencies, Commitments, and Responsibilities | Note 23 – Contingencies, Commitments, and Responsibilities a) Lawsuits and Legal Proceedings Lawsuits against the Bank with provision As of the date of issuance of these Consolidated Financial Statements, legal actions have been filed against the Bank and its subsidiaries involving its transactions in the ordinary course of business. They are mainly lawsuits pending against the Bank related to loans and other matters, most of which, according to the Bank’s Legal Services Divisions involved in the suits, present no risk of significant loss. The amount of the claims amounts to approximately MCh$43,913 as of December 31, 2022 (MCh$29,444 as of December 31, 2021). However, in Management’s opinion based on reports from the Legal Division as of December 31, 2022, it is more likely than not that these lawsuits will not result in significant losses not contemplated by the Bank in these Consolidated Financial Statements. Notwithstanding the above, as of December 31, 2022, provisions of MCh$1,337 (MCh$250 as of December 31, 2021) are maintained. Itaú Colombia S.A. The Bank and its subsidiaries are involved in civil, administrative and labor proceedings. The outstanding civil and administrative proceedings, them are related to banking transactions, and the remaining ones derive from the ownership of leased assets. Such claims amounts to MCh$27,820 as of December 31, 2022 (MCh$46,356 as of December, 31 2021). According to the evaluation of the expected results in each lawsuits the Bank has recorded a provision of MCh$1,602 as of December 31, 2022 (MCh$1,904 as of December 31, 2021). b) Commitments Transaction Agreement On January 29, 2014, Inversiones Corp Group Interhold Limitada, Inversiones Saga Limitada (together “CorpGroup”), Itaú-Unibanco Holding S.A. Corpbanca, and Banco Itaú Chile, entered into a contract called “Transaction Agreement” (hereinafter, the “Transaction Agreement” or the “TA”) as amended, supplemented and replaced from time to time; in accordance with the contract, they agreed a strategic association of their operations in Chile and Colombia, This strategic association gave rise to the merger of Corpbanca and Banco Itaú Chile, which was renamed “Itaú Corpbanca” and took place on April 1, 2016. Acquisition of shares of Itaú Corpbanca Colombia owned by CorpGroup The Transaction Agreement (from January 2014 and its subsequent modifications) also contemplates that on January 28, 2022 Itaú Corpbanca will purchase from CorpGroup the 12.36% of shares in Itaú Corpbanca Colombia, equivalent to the participation that CorpGroup held (directly or through other entities) in said entity at the merger date, corresponding to 93,306,684 shares. The purchase price agreed will be US$3.5367 per share, amounting to US$329,997,749.30, plus interest from August 4, 2015 until the payment date at an annual interest rate equal to Libor plus 2.7% minus the sum of the aggregate amount of dividends paid by Itaú Corpbanca Colombia to CorpGroup for the corresponding shares Benchmark prices are defined using similar durations, type of currency and are traded the equivalent of every day. Note 23 – Contingencies, Commitments, and Responsibilities, continued By Resolution No. 8159 dated December 28, 2021, and in accordance with the provisions of Article 76 et seq. of the General Banking Law, the Financial Market Commission authorized Itaú Corpbanca to make investments abroad consisting of: i) incorporating a simplified joint stock company in the Republic of Colombia, called Itaú Holding Colombia S.A.S., as a subsidiary of the Bank; ii) to acquire, directly and indirectly, through Itaú Holding Colombia S.A.S., a total of up to 93,306,684 shares of its subsidiary Itaú Corpbanca Colombia S.A., equivalent to 12.36% of its ownership.In accordance with Article 76 of the General Banking Law, investments in shares of banks established abroad are subject to the prior approval of the Superintendency of Banks and Financial Institutions (currently CMF), as well as the Central Bank of Chile (BCCH), which in turn is subject to compliance with the conditions set forth in Article 78 of the aforementioned law. Additionally, in the case of banks incorporated in Colombia, a possible acquisition of shares in Itaú Corpbanca Colombia by Itaú Corpbanca is also subject to the prior authorization of the Colombian Financial Superintendency (SFC). On February 22, 2022, Itaú Corpbanca acquired, directly and indirectly, all of the shares of Itaú Corpbanca Colombia S.A. owned by CorpGroup Interhold S.p.A., CorpGroup Banking S.A. and CG Financial Colombia S.A.S., representing approximately 12.36% of the share capital of Itaú Corpbanca Colombia S.A., for a total price of US$414,142,063.65. As a result of these acquisitions, Itaú Corpbanca owns, directly and indirectly, approximately 99.4617% of the capital stock of Itaú Corpbanca Colombia S.A., being its direct interestapproximately 94.99%. Itaú Corpbanca directly acquired approximately 7.89% of the capital stock of Itaú Corpbanca Colombia and its new subsidiary in Colombia – Itaú Holding Colombia S.A.S. – acquired the remaining approximately 4.47%. With respect to the latter, the creation in Colombia of the subsidiary Itaú Holding Colombia S.A.S., whose capital stock is wholly owned by Itaú Corpbanca, was duly authorized by the Financial Market Commission and by the Central Bank of Chile for such purpose. 1. Acquisition of the MCC entities In accordance with the Transaction Agreement and Itaú Unibanco Holding S.A. assumed the obligation to transfer to Itaú Corpbanca, and the latter the obligation to acquire, 100% of its shares in MCC Securities Inc,, MCC Asesorías SpA, and MCC S.A. Corredores de Bolsa (herein “MCC entities”) in accordance with the terms agreed upon and subject to normal terms and conditions for this kind of transactions. The Board of Directors’ authorization to acquire the MCC entities under the Transaction Agreement and in accordance with the provisions of Title XVI of Law No, 18,046 on Corporations is contained in agreements reached in ordinary Board meetings dated May 29, 2019 and April 28, 2021. The acquisition of the shares of the MCC entities by Itaú Corpbanca is subject to the corresponding regulatory approvals, including approval from the Commission for the Financial Market and from the Central Bank of Brazil. Through Resolution No, 1847 dated March 21, 2022, the Financial Market Commission authorized Itaú Corpbanca to proceed with: (i) acquire, directly and indirectly, together with its subsidiary Itaú Asesorías Financieras Limitada, 100% of the shares of MCC S.A. Stockbrokers; and (ii) directly acquire 100% of the shares of MCC Asesorías SpA. On June 1, 2022, after obtaining the regulatory approvals from the banking regulators in Chile and Brazil, and in accordance with the provisions of the Transaction Agreement entered into by Itaú Corpbanca, Itaú Unibanco Holding S.A. Itaú Unibanco Holding S.A. CorpGroup Interhold SpA, CorpGroup Interhold SpA and Inversiones Gasa Limitada on January 29, 2014, and as amended on June 2, 2015 and January 20, 2017, Itaú Corpbanca acquired all of the shares in Note 23 – Contingencies, Commitments, and Responsibilities, continued MCC Asesorías SpA, and, together with its subsidiary Itaú Asesorías Financieras Ltda,, it acquired all of the shares in MCC S.A. Corredores de Bolsa, The total price for all the above transactions was US$30,727,453. As a result of the acquisition of all the shares in MCC Asesorías SpA, this company was dissolved in accordance with the provisions in its bylaws, resulting in its merger with Itaú Corpbanca, which absorbed said company by owning 100% of its shares, and which then will become the legal successor to MCC S.A. Corredores de Bolsa, In addition, on the same date, an extraordinary shareholders’ meeting took place which decided to merge MCC S.A. Corredores de Bolsa into Itaú Corredores de Bolsa Limitada, As a result, Itaú Corredores de Bolsa Limitada emerged as the subsisting entity, holding all the equity, rights, obligations, assets and liabilities of MCC S.A. Corredores de Bolsa, which was dissolved and then absorbed by Itaú Corredores de Bolsa Limitada, which will be the legal successor to MCC S.A. Corredores de Bolsa. 2. Termination of Transaction Agreement On July 14, 2022, a Material Event of Itaú Corpbanca reported, among other facts, the following: that on June 3, 2022, Itaú Corpbanca, Itaú Unibanco Holding S.A. CorpGroup Interhold SpA, CorpGroup Interhold SpA, Inversiones Gasa Limitada and other entities related to CG Banking, entered into a “Termination Letter”, in order to terminate, among others, the Transaction Agreement entered into between those same parties on January 29, 2014, as amended on June 2, 2015 and January 20, 2017 (the “Transaction Agreement” or the “TA”), The Termination Letter took effect on July 14, 2022. Acquisition of 20% ownership in Itaú Corredor de Seguros Colombia S.A. On November 5, 2019, Itaú Corpbanca committed to acquire 20% of the shares that Helm LLC holds in Itaú Corredor de Seguros de Colombia S.A. By Resolution No, 8159 dated December 28, 2021, and in accordance with the provisions of Article 76 and subsequent articles of the General Banking Law, the Financial Market Commission authorized Itaú Corpbanca to make investments abroad consisting of directly and indirectly acquiring, through Itaú Holding Colombia S.A. 4,800 shares issued by Itaú Corredor de Seguros Colombia S.A. equivalent to 20% of the share capital of the latter company. After obtaining the necessary regulatory approvals to proceed with this acquisition, on March 25, 2022, Itaú Corpbanca and its subsidiary Itaú Holding Colombia S.A.S. acquired the 4,800 shares owned by Helm LLC in Itaú Corredor de Seguros Colombia S.A. at a total price of US$3,188,323. Note 23 – Contingencies, Commitments, and Responsibilities, continued c) Contingent loans The following table contains the amounts for which the Bank and its subsidiaries are contractually obliged to grant loans together with the relevant allowances for loan losses: As of December 31, 2022 2021 MCh$ MCh$ Collateral and guarantees 603,177 552,340 Confirmed foreign letters of credit 153,764 284,259 Letters of credit issued 8,950 10,472 Documented guarantees 1,954,387 1,800,785 Available on demand credit lines 4,757,552 4,496,446 Other credit commitments 601,476 715,621 Totals 8,079,306 7,859,923 For information on provisions for contingent loans, see Note 21, letter b. d) Responsibilities The Bank and its subsidiaries have the following responsibilities arising from its regular course of business: As of December 31, 2022 2021 MCh$ MCh$ Third-party transactions Debt Collections 16,387 18,270 Transferred financial assets managed by the Bank 1,126,576 1,122,204 Third-party resources managed by the Bank and its subsidiaries 480,718 — Subtotal 1,623,681 1,140,474 Custody of securities Safeguarded securities held by the Bank and its affiliates 5,122,461 3,818,287 Safeguarded securities deposited in another entity 287,000 245,863 Securities issued by the Bank itself 100,506 100,106 Subtotal 5,509,967 4,164,256 Totals 7,133,648 5,304,730 Note 23 – Contingencies, Commitments, and Responsibilities, continued e) Guarantees, Contingencies and other Banco Itaú Chile As a result of the financial tensions generated by the pandemic Covid-19, the Central Bank of Chile has made available to the banks the Conditional Credit Facility to Increase Loans (FCIC) and the Liquidity Credit Line (LCL), This special financial line FCIC is guaranteed by high quality credit and/or bonds issued by the Central Bank of Chile (BCCh), They do not have a secondary market and, therefore, their value is estimated using an extension of the Hull-White model, used widely by the financial services industry. On January 31, 2022, the Central Bank established an optional mecanisim in order to incorporate LCL into the FCIC. The bank consolidate both instruments into FCIC extending its maturity for an additional two years. As of December 31, 2022, the bank has endorsed loans to guarantee the use of the Facility of Credit Conditional on the Increase in Loans (FCIC) provided by the Central Bank of Chile, The outstanding principal amount of the pledged loans totals MCh $2,401,690 (as of December 31, 2021 MCh $1,946,822 and as of January 1, 2021 MCh $1,766,997 ), while the credit quality of the loans granted varies between A1 and A4, Additionally, the bank has pledged as collateral, financial instruments classified in the portfolio at fair value through other comprehensive income for an amount of MCh $200,096 (as of December 31, 2021 MCh $837,869 and January 1, 2021 MCh $319,213 ). Itaú Corredores de Seguros S.A. In order to comply with Article 58, letter d) of the Chilean Decree with Force of Law (“DFL”) 251 of 1930, which states that, “Insurance brokers, in order to conduct business, must comply with the requirement of contracting insurance policies as determined by the Commission for the Financial Market (Ex- Superintendency of Securities and Insurance), in order to correctly and fully comply with the obligations arising from its activities and especially regarding damages that may be incurred by insured parties taking policies through the brokerage house,” the subsidiary has renewed the following insurance policies: Entity From To Amount (UF) Beneficiary Consorcio Nacional de Seguros S.A 4-15-2022 4-14-2023 (1) 60,000 and 500 Itaú Corredores de Seguro S.A (1) Policy N°6302137 and N° 6302138 were renewed on April 15, 2023, for UF500 and UF60,000, respectevely. Itaú Corredores de Bolsa Limitada In order to comply with articles 30 and 31 of Chilean Law 18,045, this subsidiary kept a bank guarantee certificate with the Chilean Electronic Stock Exchange and Santiago Stock Exchange, to ensure the correct and complete fulfillment of its obligations as stockbroker. The beneficiaries are the current or future creditors that the subsidiary has or will have derived from its transactions. The detail of the bank guarantee certificate is as follows: Entity From To Amount (UF) Beneficiary Mapfre Compañía de Seguros S.A 4-22-2022 4-22-2024 16,000 Bolsa Electrónica de Chile Mapfre Compañía de Seguros S.A 4-22-2022 4-22-2024 4,000 Bolsa de Comercio de Santiago In addition, the Company has contracted a comprehensive insurance policy to provide for possible situations of operational fidelity. The detail of the comprehensive insurance policy is as follows: Entity From To Amount (UF) Beneficiary Orion Seguros Generales S.A. 06-30-2022 06-30-2023 5,000 and 10,000 Bolsa Electrónica de Chile Note 23 – Contingencies, Commitments, and Responsibilities, continued The Company pledged the shares of the Santiago Stock Exchange in favor of said company, to guarantee compliance with the obligations with respect to transactions carried out with other brokers. The amount amounts to MCh$326 as of December 31, 2022 (MCh$8,661 as of December 31, 2021). The Broker is registered in the Registry of Portfolio Administrators since November 22, 2017, for which it maintains a guarantee ticket in Banco Itaú Chile with an expiration date of June 18, 2022, for an amount of UF 10,000 as representative of the beneficiaries of the guarantee in articles 98 and 99 of Law No. 20,172, in order to guarantee the faithful and full compliance of the Portfolio Administration obligations. There are guarantees constituted of US$100,000 equivalent to MCh$85, to guarantee operations with foreign traders, Pershing. As of December 31, 2022, the Broker maintains in the Santiago Stock Exchange, cash and fixed income securities to guarantee operations in the Securities Clearing and Settlement House for MCh$4,773 (MCh$4,610 as of December 31, 2021). Itaú Administradora General de Fondos S.A. During the year 2022, the Company has contracted a guarantee certificate in order to guarantee the faithful fulfillment of the obligations Below are the guarantee slips and beneficiaries that Itaú Administradora General de Fondos S.A. maintains in effect to date, which were required to comply with the obligations of portfolio management contracts, their committees, Funds, payment of labor and social obligations with the contractor’s workers: Entity From To Amount (UF) Beneficiary Banco Bice 12-30-2021 12-29-2023 500 Corporación del fomento de la producción CORFO Banco Bice 12-30-2021 12-29-2023 15,000 Corporación del fomento de la producción CORFO |
Equity
Equity | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Equity | Note 24 – Equity a) Movements in equity accounts and reserves (attributable to the equity holders of the Bank): As of December 31, 2022, 2021 and 2020, the paid-in capital of the Bank is represented by common shares subscribed and paid, with no par value, and its motion presented below: Common shares 2022 2021 2020 (number) (number) (number) Issued as of January 1, 973,517,871,202 512,406,760,091 512,406,760,091 Issuance of paid shares 461,111,111,111 — Increase in share for Itaú-Corpbanca business combination — — — Issuance of shares pending payment — — — Repurchase of own shares — — — Sale of own shares — — — Issued as of December 31, 973,517,871,202 973,517,871,202 512,406,760,091 ● Subscribed and paid shares As of December 31, 2022 and 2021, the Banks capital is represented by 973,517,871,202 ordinary shares subscribed and paid, for a total of MCh$2,687,951 and MCh$2,688,131, respectively. During 2021 the Bank carried out a capital increase process, where were subscribed and paid 461,111,111,111 ordinary shares were issued at a price of Ch$1.80 per share. As of December 31, 2020, the Bank has a capital in the amount of MCh$1,862,826, consisting of 512,406,760,091 common shares subscribed and paid, with no par value. ● Purchase and sale of own shares During the years ended December 31, 2022, 2021 and 2020 there were no transactions for the purchase and sale of company-issued shares. During fiscal year 2021, the bank entered into a capital increase process where the aforementioned shares were subscribed. Note 24 – Equity, continued ● List of major shareholders The shareholders list as of December 31, 2022, 2021 and 2020, is as follows: Shares 2022 2021 2020 Number of Ownership Number of Ownership Number of Ownership Company name or shareholder name shares % shares % shares % Itaú Unibanco 638,826,855,128 65.62 % 551,015,065,630 56.60 % 200,966,823,626 39.22 % ITB Holding Brasil Participaçoes Ltda. (1) 337,067,239,334 34.62 % 242,989,430,571 24.96 % 62,567,655,359 12.21 % Itaú Unibanco Holding S.A. 256,035,852,654 26.30 % 256,035,852,654 26.30 % 115,039,610,411 22.45 % CGB II SpA 18,011,182,273 1.85 % 24,277,201,538 2.49 % 10,908,002,836 2.13 % CGB III SpA 4,006,137,826 0.41 % 4,006,137,826 0.41 % 1,800,000,000 0.35 % Saga II SpA 15,579,424,880 1.60 % 15,579,424,880 1.60 % 7,000,000,000 1.37 % Saga III SpA 8,127,018,161 0.84 % 8,127,018,161 0.84 % 3,651,555,020 0.71 % Saieh Family 12,944,134,744 1.33 % 139,150,760,455 14.29 % 140,835,760,455 27.49 % Corp Group Banking S.A. (2) 10,336,224,362 1.06 % 134,442,850,073 13.81 % 136,127,850,073 26.57 % Compañía Inmobiliaria y de Inversiones Saga SpA 2,607,910,382 0.27 % 4,707,910,382 0.48 % 4,707,910,382 0.92 % International Finance Corporation 11,189,693,524 1.15 % 18,974,820,165 1.95 % 17,017,909,711 3.32 % Others 310,557,187,806 31.90 % 264,377,224,952 27.16 % 153,586,266,299 29.97 % Local Securities Brokerage 154,068,949,153 15.83 % 140,668,223,148 14.45 % 80,382,817,848 15.69 % ADRs Holders and Inst. Foreign Investors 75,531,854,039 7.76 % 54,904,718,599 5.64 % 35,127,077,810 6.86 % Local institutional investors 69,728,964,485 7.16 % 57,548,753,873 5.91 % 25,351,261,131 4.95 % Other minority shareholders 11,227,420,129 1.15 % 11,255,529,332 1.16 % 12,725,109,510 2.48 % Totals 973,517,871,202 100.00 % 973,517,871,202 100.00 % 512,406,760,091 100.00 % (1) Includes 103,736,846,776 shares owned by ITB Holding Brasil Participações Ltda. under custody. (2) As of December 31, 2022 and 2021 includes 36,000,000 shares owned by Corp Group Banking S.A. under custody. (3) The percentages included in this column have been rounded for ease of presentation. These Percentages have been calculated on the basis of the unrounded figures presented in the “No. Shares” column. b) Dividends At the Ordinary Meeting of the Shareholders of Banco Itaú Chile held on March 24, 2022 the shareholders agreed to distribute profits for MCh$83,342 representing 30% of the profits for 2021. Income Allocated to attributable to reserves and Dividend per equity holders retained Allocated to Percentage share Years (1) earnings (1) dividends distributed Number of shares (in pesos) MCh$ MCh$ MCh$ % Year 2021 (Shareholders’ Meeting March 2022) 279,765 196,423 83,342 30% % 973,517,871,202 0.08561 Year 2020 (Shareholders’ Meeting March 2021) (925,479) (156,342) — 0% % 512,406,760,091 — (1) According to the Consolidated Financial Statements filed with the CMF. Note 24 – Equity, continued As of December 31, 2022, 2021 and 2020, the basic earnings and diluted earnings are as follows: As of and for the years ended December 31, 2022 2021 2020 N° of Shares Amount N° of Shares Amount N° of Shares Amount Millions MCh$ Millions MCh$ Millions MCh$ Basic earnings per share Net income for the year — 443,288 — 273,410 — (808,784) Weighted average number of outstanding shares 973,518 — 598,861 — 512,407 — Assumed convertible debt conversion — — — — — — Adjusted number of outstanding shares 973,518 — 598,861 — 512,407 — Basic earnings per share (Chilean pesos) — 0.455 — 0.457 — (1.578) Diluted earnings per share Net income for the year — 443,288 — 273,410 — (808,784) Weighted average number of outstanding shares 973,518 — 598,861 — 512,407 — Dilutive effects Assumed convertible debt conversion — — — — — — Conversion of common shares — — — — — — Options rights — — — — — — Adjusted number of shares 973,518 — 598,861 — 512,407 — Diluted earnings per share (Chilean pesos) — 0.455 — 0.457 — (1.578) During the years ended December 31, 2022, 2021 and 2020, there were no dilutive effects. c) Valuation accounts Financial instruments at FVTOCI: Hedge of net investment in foreign operations: Cash flows hedge: Exchange differences on investments in Colombia and New York branch: Defined benefits obligations: Employees Benefit Note 24 – Equity, continued The following are the equity effects and income taxes for years ended December 31, 2022, 2021 and 2020: Exchange differences on Hedge of net investment in Debt investments in Colombia and Defined Equity instruments Cash flow foreign New York benefits instruments As of December 31, 2022 at FVTOCI hedge operations branch obligations at FVTOCI Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Other comprehensive income (loss) before income taxes Opening balances as of January 1, 2022 (129,884) 40,700 (25,747) 24,203 (5,147) 1,240 (94,635) Effects for the year 41,575 35,577 (42,070) (78,901) 2,294 1,739 (39,786) Reclasification new bussines model according to IFRS 9 102,250 — — — — — 102,250 Termination of accounting hedges highly probable transactions — (61,330) — — — — (61,330) Ending balances as of December 31, 2022 13,941 14,947 (67,817) (54,698) (2,853) 2,979 (93,501) Income taxes related to components of other comprehensive income (loss) Opening balances as of January 1, 2022 (3,305) (20,871) 18,849 — 1,994 — (3,333) Effects for the period (7,761) (683) 3,730 — (1,055) — (5,769) Reclasification new bussines model according to IFRS 9 (16,064) — — — — — (16,064) Termination of accounting hedges highly probable transactions — 16,559 — — — — 16,559 Ending balances as of December 31, 2022 (27,130) (4,995) 22,579 — 939 — (8,607) Net balances as of December 31, 2022 (13,189) 9,952 (45,238) (54,698) (1,914) 2,979 (102,108) Exchange differences on Hedge of net investment in Debt investments Colombia and Defined Equity instruments Cash flow in foreign New York benefits instruments As of December 31, 2021 at FVTOCI hedge operations branch obligations at FVTOCI Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Other comprehensive income (loss) before income taxes Opening balances as of January 1, 2021 33,154 (8,621) 63,339 (26,829) (8,116) — 1,660 54,587 Effects for the year (163,038) 49,321 (28,239) 51,032 2,969 (420) (88,375) Reclassifications due to the discontinuation of the net investment in Itaú Colombia hedge — — (60,847) — — — (60,847) Ending balances as of December 31, 2021 (129,884) 40,700 (25,747) 24,203 (5,147) 1,240 (94,635) Income taxes related to components of other comprehensive income (loss) Opening balances as of January 1, 2021 (12,760) (2,067) (15,168) — 2,232 — — (27,763) Effects for the year 9,455 (18,804) 17,331 — (238) — 7,744 Reclassifications due to the discontinuation of the net investment in Itaú Colombia hedge — — 16,686 — — — 16,686 Ending balances as of December 31, 2021 (3,305) (20,871) 18,849 — 1,994 — (3,333) Net balances as of December 31, 2021 (133,189) 19,829 (6,898) 24,203 (3,153) 1,240 (97,968) Note 24 – Equity, continued Exchange differences on Hedge of net investment Debt investments in Colombia Defined Equity instruments Cash flow in foreign and New York benefits instruments As of December 31, 2020 at FVTOCI hedge operations branch obligations at FVTOCI Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Other comprehensive income (loss) before income taxes Opening balances as of January 1, 2020 37,484 (822) (17,383) 37,328 (6,484) — 1,739 51,862 Effects for the year (4,330) (7,799) 80,722 (64,169) (1,632) 310 3,102 Transfer of gain on disposal of equity investments at fair value through other comprehensive income to retained earnings — — — 12 — (389) (377) Ending balances as of December 31, 2020 33,154 (8,621) 63,339 (26,829) (8,116) 1,660 54,587 Income taxes related to components of other comprehensive income (loss) Opening balances as of January 1, 2020 (12,705) (465) 6,627 — 1,798 — — (4,745) Effects for the year (55) (1,602) (21,795) — 434 — (23,018) Ending balances as of December 31, 2020 (12,760) (2,067) (15,168) — 2,232 — (27,763) Net balances as of December 31, 2020 20,394 (10,688) 48,171 (26,829) (5,884) 1,660 26,824 d) Reserves This item includes “Reserves from earnings” and “Other non-earnings reserves”. Reserves from earning includes reserves from Banco Itaú Chile before the business combination which as of January 1, 2020 amounted to MCh$451,011 this reserves were absorbed by the loss recognized for the year ended on December 31, 2020. During the year 2022 and 2021, no additional reserves have been recorded. Reserves from “Other non-earnings reserves”: As of December 31, 2022, the reserve amounted to MCh$227,839 which includes effecs recognized due to the discontinuation of the highly probable transaction, acquisition of other entities from the group and the increase participation in Colombia. As of December 31, 2021, the reserve amounted to MCh$467,279 which includes effects reconized due to the discontinuation of the net investment in Itaú Colombia hedge. As of December 31, 2020 included the adjustments recorded as a result of the business combination between Banco Itaú Chile and Corpbanca for MCh$744,838. Parts of this reserves were absorbed by the loss recognized for the year ended on December 31, 2020 amounting to MCh$423,118 e) Retained earnings from prior years This item includes MCh$190,068 and MCh$273,410 of profits recorded for the years ended December 31, 2022 and 2021, respectively. For the year ended on 2020 no earnings where recorded due to the loss situations presented. Note 24 – Equity, continued f) Non-controlling interest This corresponds to the net amount of equity in the consolidated subsidiaries attributable to capital that does not belong, directly or indirectly, to the Bank, including the part of profit for the period that is attributed to them. Non-controlling interest in the subsidiary’s equity and profit for the year is detailed as follows: As of December 31, 2022 Other Comprehensive Income Hedge of Exchange net Financial differences investment Cash Defined Total other Total Non- Net instruments at on in foreign flows benefits Deferred comprehensive comprehensive Subsidiaries controlling Equity income FVTOCI (1) translation operations hedge obligations Tax income income % MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Itaú Corredor de Seguro Colombia S.A. (1) 0.013 % — — — — — — — — — — Itaú Colombia S.A. and subsidiaries 0.538 % 874 72 93 (238) (32) (21) 15 (19) (202) (130) Totals 874 72 93 (238) (32) (21) 15 (19) (202) (130) (1) Financial instruments at FVTOCI include debt instruments for MCh $93 . As of December 31, 2021 Other Comprehensive Income Hedge of Exchange net Financial differences investment Cash Defined Total other Total Non- Net instruments at on in foreign flows benefits Deferred comprehensive comprehensive Subsidiaries controlling Equity income FVTOCI (1) translation operations hedge obligations Tax income income % MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Itaú Corredor de Seguro Colombia S.A. (1) 20.015 % 486 74 — — — — — — — 74 Itaú Colombia S.A. and subsidiaries 12.900 % 77,225 2,753 (3,474) 8,189 1,817 (3,051) 440 1,876 5,797 8,550 Totals 77,711 2,827 (3,474) 8,189 1,817 (3,051) 440 1,876 5,797 8,624 (1) Financial instruments at FVTOCI include debt instruments for MCh $3,807 and equity instruments MCh $52 loss. As of December 31, 2020 Other Comprehensive Income Hedge of Exchange net Financial differences investment Cash Defined Total other Non- Net instruments at on in foreign Flows benefits Deferred comprehensive Comprehensive Subsidiaries controlling Equity income FVTOCI (2) translation operations hedges obligations Tax income income % MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Itaú Corredor de Seguro Colombia S.A. 20.015 % 404 (33) — — — — — — — (33) Itaú Colombia S.A. and subsidiaries (1)(2) 12.900 % 68,683 (17,338) (3,859) (7,602) — 2,117 1,629 (272) (7,987) (25,325) Itaú Corredores de Seguros S.A. — % — — — — — — — — — — Totals 69,087 (17,371) (3,859) (7,602) — 2,117 1,629 (272) (7,987) (25,358) (1) Financial instruments at FVTOCI include debt instruments for MCh $678 loss and equity instruments MCh $274 gain. (2) On December 3, 2019, after obtaining regulatory approvals from banking supervisors in Chile, Colombia and Brazil, Banco Itaú Chile completed the acquisition of the Itaú Colombia shares owned by Helm LLC and Kresge Stock Holding Company Inc. As a result of these acquisitions, Banco Itaú Chile owns approximately 87.10% of the shares of Itaú Colombia. Note 24 – Equity, continued The following table shows the non-controlling interest movements for the year ended December 31, 2022, 2021 and 2020: As of December 31, 2022 2021 2020 MCh$ MCh$ MCh$ Opening balances as of January 1, 77,711 69,087 94,445 Increase participation in Colombia (76,707) — — Comprehensive income (130) 8,624 (25,358) Ending balances as of December 31, 874 77,711 69,087 Details for the main subsidiary of Banco Itaú Chile with non-controlling interest are as follows: As of December 31, 2022 2021 Group Non-controlling Group Non-controlling Entity Name Country participation participation participation participation Itaú Colombia S.A. and subsidiaries Colombia 99.462 % 0.538 % 87.100 % 12.900 % Summarized financial information for the main subsidiary with non-controlling interest, is as follows: As of December 31, Summary Statements of Financial Position 2022 2021 MCh$ MCh$ Current assets 4,790,182 6,084,224 Current liabilities (2,919,490) (4,021,720) Net current assets (liabilities) 1,870,692 2,062,504 Non-current assets 665,911 712,102 Non-current liabilities (2,199,580) (2,203,537) Net non-current assets (liabilities) (1,533,669) (1,491,435) Total net assets (liabilities) 337,023 571,069 Accumulated non-controlling interest 874 77,711 For the years ended December 31, Summary Income Statements 2022 2021 MCh$ MCh$ Interest income and readjustments 502,125 341,292 Income for the year 7,633 7,210 Non-controlling interests income 41 2,753 Note 24 – Equity, continued For the years ended December 31, Summary Cash Flows Statements 2022 2021 MCh$ MCh$ Net cash flows provided by (used in) operating activities (186,515) 638,437 Net cash flows provided by (used in) investing activities (140,766) 35,840 Net cash flows provided by (used in) financing activities (138,264) 43,822 Net increase (decrease) in cash flows (465,545) 718,099 g) Consolidated comprehensive income for the years ended December 31, 2022, 2021 and 2020 2022 Equity holders Non-controlling Concepts of the Bank interest Totals MCh$ MCh$ MCh$ Income (loss) for the year 443,288 72 443,360 Other comprehensive income (loss) before income taxes Debt instruments at fair value through other comprehensive income 41,575 93 41,668 Hedge of net investment in foreign operations (42,070) (32) (42,102) Cash flows hedge (25,753) (21) (25,774) Exchange differences (78,901) (238) (79,139) Changes in the fair value of equity investments at fair value through other comprehensive income 1,739 — 1,739 Defined benefits obligation 2,294 15 2,309 Subtotals (101,116) (183) (101,299) Income taxes Debt instruments at fair value through other comprehensive income (7,761) (38) (7,799) Hedge of net investment in foreign operations 3,730 19 3,749 Cash flows hedge 15,876 6 15,882 Defined benefits obligation (1,055) (6) (1,061) Subtotals 10,790 (19) 10,771 Other comprehensive loss for the year (90,326) (202) (90,528) Comprehensive loss for the year 352,962 (130) 352,832 2021 Equity holders Non-controlling Concepts of the Bank interest Totals MCh$ MCh$ MCh$ Income (loss) for the year 273,410 2,827 276,237 Other comprehensive income (loss) before income taxes Debt instruments at fair value through other comprehensive income (163,038) (3,410) (166,448) Hedge of net investment in foreign operations (28,239) 1,817 (26,422) Cash flows hedge 49,321 (3,051) 46,270 Exchange differences 51,032 8,189 59,221 Changes in the fair value of equity investments at fair value through other comprehensive income (420) (64) (484) Defined benefits obligation 2,969 440 3,409 Subtotals (88,375) 3,921 (84,454) Income taxes Debt instruments at fair value through other comprehensive income 9,455 1,114 10,569 Hedge of net investment in foreign operations 17,331 1,086 18,417 Cash flows hedge (18,804) (288) (19,092) Defined benefits obligation (238) (36) (274) Subtotals 7,744 1,876 9,620 Other comprehensive income for the year (80,631) 5,797 (74,834) Comprehensive income for the year 192,779 8,624 201,403 Note 24 – Equity, continued 2020 Equity holders Non-controlling Concepts of the Bank interest Totals MCh$ MCh$ MCh$ Income (loss) for the year (808,784) (17,371) (826,155) Other comprehensive income (loss) before income taxes Debt instruments at fair value through other comprehensive income (4,330) (3,905) (8,235) Hedge of net investment in foreign operations 80,722 — 80,722 Cash flow hedge (7,799) 2,117 (5,682) Exchange differences (64,169) (7,602) (71,771) Changes in the fair value of equity investments at fair value through other comprehensive income 310 46 356 Defined benefits obligation (1,632) 1,629 (3) Subtotals 3,102 (7,715) (4,613) Income taxes Debt instruments at fair value through other comprehensive income (55) 1,613 1,558 Hedge of net investment in foreign operations (21,795) — (21,795) Cash flow hedge (1,602) (1,432) (3,034) Defined benefits obligation 434 (453) (19) Subtotals (23,018) (272) (23,290) Other comprehensive income (loss) for the year (19,916) (7,987) (27,903) Comprehensive income (loss) for the year (828,700) (25,358) (854,058) |
Interest Income and Interest Ex
Interest Income and Interest Expense | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Interest Income and Interest Expense | Note 25 – Interest Income and Interest Expense This item comprises interest accrued and inflation adjustment in the year by all financial assets and liabilities, interest income and expenses, whose implicit or explicit performance is measured by applying the effective interest rate method, independently if these are measured at fair value, as well as the effects from accounting hedges, which are part of the interest income and expenses included in the Consolidated Statement of Income (Loss) for the year. a) The composition of interest income and inflation-indexing for the years ended December 31, 2022, 2021 and 2020 is as follows: For the years ended December 31, 2022 2021 2020 Inflation Inflation Inflation Interest adjustments (1) Totals Interest adjustments (1) Totals Interest adjustments (1) Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Investments under agreements to resell 18,265 — 18,265 3,712 — 3,712 3,567 — 3,567 Loans and receivables to banks 2,009 — 2,009 621 — 621 1,541 — 1,541 Commercial loans 976,295 577,468 1,553,763 610,371 269,316 879,687 732,791 116,425 849,216 Mortgage loans 225,613 744,556 970,169 190,326 324,732 515,058 189,833 116,993 306,826 Consumer loans 411,737 273 412,010 304,385 191 304,576 323,836 130 323,966 Financial investments 260,383 73,417 333,800 45,629 44,918 90,547 58,083 20,955 79,038 Other interest income 80,260 10,841 91,101 10,575 6,355 16,930 7,624 1,821 9,445 Gain (loss) from accounting hedges (2) 75,349 (279,333) (203,984) 39,475 (163,104) (123,629) 25,980 (49,905) (23,925) Totals 2,049,911 1,127,222 3,177,133 1,205,094 482,408 1,687,502 1,343,255 206,419 1,549,674 b) For the years ended December 31, 2022, 2021 and 2020, the detail of the amount of interest and inflation-indexation adjustment expense is as follows: For the years ended December 31, 2022 2021 2020 Inflation Inflation Inflation Interest adjustments (1) Totals Interest adjustments (1) Totals Interest adjustments (1) Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Deposits and other demand liabilities (95,890) (3,041) (98,931) (30,027) (1,185) (31,212) (46,530) (312) (46,842) Obligations under repurchase agreements (28,069) — (28,069) (5,784) (5) (5,789) (8,621) (1) (8,622) Time deposits and other time liabilities (728,155) (104,436) (832,591) (152,854) (19,436) (172,290) (254,633) (7,764) (262,397) Interbank borrowings (58,875) (3,977) (62,852) (29,127) — (29,127) (55,541) — (55,541) Debt instruments issued (263,595) (771,403) (1,034,998) (200,692) (329,961) (530,653) (200,911) (129,539) (330,450) Other financial liabilities (10,529) (17,866) (28,395) (49) — (49) (215) — (215) Lease obligations (3,658) — (3,658) (3,725) — (3,725) (4,923) 4 (4,919) Other Interest expense — — — (68) (14,948) (15,016) (84) (7,543) (7,627) Gain (loss) from hedge accounting (2) 82,828 — 82,828 76,666 — 76,666 33,376 — 33,376 Totals (1,105,943) (900,723) (2,006,666) (345,660) (365,535) (711,195) (538,082) (145,155) (683,237) (1) The inflation indexation adjustment is the result of changes in the Unidades de Fomento (“UF”). The UF is an inflation-index Chilean monetary unit with a value in Chilean pesos that changes daily to reflect changes in the Official Consumer Price Index (“CPI”) of the Instituto Nacional de Estadísticas (the Chilean National Institute of Statistics) for the previous month. The effect of any changes in the nominal peso value of our UF-denominated interest earning assets and interest bearing liabilities is reflected in our results of operations as an increase (or decrease, in the event of deflation) in interest income and expense respectively. (2) The mark to market adjustments are presented in this line for hedging derivatives used in hedging of assets except in the case of foreign currency hedges and cash flow hedges (cross-currency), their all-in mark to market adjustment is included in the foreign exchange gain (losses) (see Note 28 “Net foreign exchange income (losses)”). |
Fee and Commission Income and E
Fee and Commission Income and Expense | 12 Months Ended |
Dec. 31, 2022 | |
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Fee and Commission Income and Expense | Note 26 – Fee and Commission Income and Expense This item comprises the amount of all commissions accrued and paid in the year, except for those that form an integral part of the effective interest rate of the financial instruments. a) Fee and commission income This item comprises the financial income for the year corresponding to remunerations generated by the services rendered by the Bank and its subsidiaries and corresponds to the following items: For the years ended December 31, 2022 2021 2020 MCh$ MCh$ MCh$ Fees and commissions from lines of credits and overdrafts 3,814 2,571 1,990 Fees and commissions from guarantees and letters of credit 24,134 19,261 20,043 Fees and commissions from card services 85,082 70,292 58,359 Fees and commissions from accounts management 13,157 12,132 12,438 Fees and commissions from collections and payments 42,187 25,435 24,419 Fees and commissions from brokerage and securities management 3,534 9,407 9,365 Fees and commissions from asset management 13,776 21,944 23,086 Compensation for insurance brokerage 43,149 35,783 30,097 Investment banking and advisory fees 9,577 9,250 7,471 Fees and commissions from student loans ceded 5,509 5,649 5,639 Commissions on loan transactions 850 668 742 Commissions for mortgage loans 131 81 39 Other fees from services rendered 4,276 8,780 6,838 Other commissions earned 13,964 5,556 3,852 Totals 263,140 226,809 204,378 b) Fee and commission expense This item includes expenses for commissions accrued during the year from operations, and corresponds to the following items: For the years ended December 31, 2022 2021 2020 MCh$ MCh$ MCh$ Compensation for cards transactions (51,431) (42,191) (38,822) Fees and commissions for securities transactions (5,458) (4,128) (4,660) Commissions paid for foreign trade transactions (3,796) (2,771) (2,438) Commissions paid for customer loyalty program benefits (22,188) (17,307) (11,082) Commissions paid for services to customers management — (1,748) (1,808) Other commissions paid (7,268) (5,122) (4,569) Totals (90,141) (73,267) (63,379) Commissions earned on loans with mortgage finance bonds are recorded in the Consolidated Statement of Income (Loss) under “Interest income.” Note 26 – Fee and Commission Income and Expense, continued c) Below are the income and expenses for commissions generated by segment and the revenue recognition calendar for ordinary activities, for the year ended December 31, 2022 according to IFRS 15. For the year ended December 31, 2022 Revenue recognition calendar Segments for ordinary activities Transferred Transferred at a point in Accrual Chile Colombia Total over time time model MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Fees and commissions from lines of credits and overdrafts 2,237 1,577 3,814 — 3,814 — Fees and commissions from guarantees and letters of credit 18,971 5,163 24,134 — 24,134 — Fees and commissions from card services 55,338 29,744 85,082 25,775 59,307 — Fees and commissions from accounts management 11,826 1,331 13,157 — 13,157 — Fees and commissions from collections and payments 20,299 21,888 42,187 3,436 36,986 1,765 Fees and commissions from brokerage and securities management 2,586 948 3,534 295 3,239 — Fees and commissions from asset management 13,482 294 13,776 — 13,776 — Compensation for insurance brokerage 39,097 4,052 43,149 — — 43,149 Investment banking and advisory fees 6,122 3,455 9,577 4,189 5,388 — Fees and commissions from student loans ceded 5,509 — 5,509 — 5,509 — Commissions on loan transactions 850 — 850 — 850 — Commissions for mortgage loans 131 — 131 — 131 — Other fees from services rendered 4,238 38 4,276 — 4,276 — Other commissions earned 11,379 2,585 13,964 — 13,964 — Totals 192,065 71,075 263,140 33,695 184,531 44,914 For the year ended December 31, 2022 Revenue recognition calendar Segments for ordinary activities Transferred Transferred at a point in Accrual Chile Colombia Total over time time model MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Commission expenses Commissions from card operation (22,807) (28,624) (51,431) (24,398) (27,033) — Fees and commissions for securities transactions (3,942) (1,516) (5,458) (8) (5,451) — Commissions paid for foreign trase transactions (3,796) — (3,796) — — — Commissions paid for customer loyalty program benefits (17,430) (4,758) (22,188) — (22,188) — Commissions paid for services to customers management — — — — — — Other commissiones paid (2,423) (4,845) (7,268) (1) (10,527) (535) Totals (50,398) (39,743) (90,141) (24,407) (65,199) (535) |
Net Income (Expense) from Finan
Net Income (Expense) from Financial Operations | 12 Months Ended |
Dec. 31, 2022 | |
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Net Income (Expense) from Financial Operations | Note 27 – Net Income (Expense) from Financial Operations This item includes the amount of changes in the fair value of financial instruments, except those attributable to interest accrued by applying the effective interest rate method, as well as the results obtained in the purchase and sale thereof. Net income (expense) from financial operations in the Consolidated Statements of Income for the year is as follows: For the years ended December 31, 2022 2021 2020 MCh$ MCh$ MCh$ Trading instruments (securities) 7,612 (16,517) 23,696 Financial derivative contracts (trading) 205,828 77,172 40,714 Financial assets measured at fair value through profit and loss, showing separately those held for trading and those designated at initial recognition (918) — — Sale of loans and accounts receivable from customers (1) 4,734 12,132 6,476 Net gain on sale of financial instruments at fair value through other comprehensive income (23,123) (31,084) 58,092 Net result of ineffectiveness and discontinuation of hedge accounting 1,271 3,844 (19,890) Others 5,437 10,363 1,799 Totals 200,841 55,910 110,887 (1) See details Note 10, letter d. |
Net Foreign Exchange Gain (Loss
Net Foreign Exchange Gain (Loss) | 12 Months Ended |
Dec. 31, 2022 | |
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Net Foreign Exchange Gain (Loss) | Note 28 – Net Foreign Exchange Gain (Loss) This item includes the income earned from foreign currency trading, differences arising from converting monetary items in a foreign currency to the functional currency, and those generated by non-monetary assets in foreign currency at the time of their disposal. Net foreign exchange gains (losses) details are as follows: For the years ended December 31, 2022 2021 2020 MCh$ MCh$ MCh$ Net foreign exchange gain (loss) Gain (loss) on net foreign currency exchange positions (64,358) 145,429 (50,822) Other foreign currency exchange gains (losses) 3,436 1,476 2,651 Subtotals (60,922) 146,905 (48,171) Net exchange rate adjustments gain (loss) Adjustments for loans and accounts receivable from customers 446 1,610 (538) Adjustment for other assets and liabilities 46 (12) (4) Net gain (loss) from hedge accounting 8,914 662 (25,751) Subtotals 9,406 2,260 (26,293) Totals (51,516) 149,165 (74,464) |
Provisions for Impairment of Fi
Provisions for Impairment of Financial Assets | 12 Months Ended |
Dec. 31, 2022 | |
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Provisions for Impairment of Financial Assets | Note 29 – Provisions for Impairment of Financial Assets The movement registered in income for the year related to allowances and impairment due to credit risk, for the years ended December 31, 2022, 2021 and 2020, is summarized as follows: Financial Financial Interbank Loans and accounts receivable from customers at amortized cost instruments at instruments at Contingent 2022 loans Commercial Mortgage Consumer FVTOCI amortized cost loans Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Loss for provisions established (313) (432,724) (122,837) (167,773) (385) (36) (25,312) (749,380) Income for provisions released 296 228,499 18,558 70,098 726 127 12,697 331,001 Recovery of loans previously charged-off — 43,250 7,438 34,028 — — — 84,716 Net charge to income (17) (160,975) (96,841) (63,647) 341 91 (12,615) (333,663) Financial Financial Interbank Loans and accounts receivable from customers at amortized cost instruments at instruments at Contingent 2021 loans Commercial Mortgage Consumer FVTOCI amortized cost loans Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Loss for provisions established (695) (325,135) (33,926) (229,200) (225) (121) (17,248) (606,550) Income for provisions released 388 162,388 11,664 77,778 487 95 27,795 280,595 Recovery of loans previously charged-off — 22,865 5,500 35,150 — — — 63,515 Net charge to income (307) (139,882) (16,762) (116,272) 262 (26) 10,547 (262,440) Financial Financial Interbank Loans and accounts receivable from customers at amortized cost instruments at instruments at Contingent 2020 loans Commercial Mortgage Consumer FVTOCI amortized cost loans Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Loss for provisions established (10) (541,857) (27,516) (223,664) (250) (86) (16,366) (809,749) Income for provisions released 218 173,955 9,667 86,312 1,649 9 10,861 282,671 Recovery of loans previously charged-off — 25,511 2,558 32,779 — — — 60,848 Net charge to income 208 (342,391) (15,291) (104,573) 1,399 (77) (5,505) (466,230) (1) The amounts in the Consolidated Statements of Cash Flows for the year are as follows: For the years ended December 31, 2022 2021 2020 MCh$ MCh$ MCh$ Charge to income for provisions established 749,380 606,550 809,749 Credit to income for provisions used (331,001) (280,595) (282,671) 418,379 325,955 527,078 Note 29 – Provisions for Impairment of Financial Assets, continued The detail by type of loans, analyzed collectively and individually, which were constituted and released by way of provision, is as follows: As of December 31, 2022 Note Provision established Provision released Totals MCh$ MCh$ MCh$ Commercial (432,724) 228,499 (204,225) Mortgage (122,837) 18,558 (104,279) Consumer (167,773) 70,098 (97,675) Subtotals 10 (723,334) 317,155 (406,179) Interbank loans, net 9 (313) 296 (17) Totals (723,647) 317,451 (406,196) As of December 31, 2021 Note Provision established Provision released Totals MCh$ MCh$ MCh$ Commercial (325,135) 162,388 (162,747) Mortgage (33,926) 11,664 (22,262) Consumer (229,200) 77,778 (151,422) Subtotals 10 (588,261) 251,830 (336,431) Interbank loans, net 9 (695) 388 (307) Totals (588,956) 252,218 (336,738) As of December 31, 2020 Provisions established Note Provision established Provision released Totals MCh$ MCh$ MCh$ Commercial (541,857) 173,955 (367,902) Mortgage (27,516) 9,667 (17,849) Consumer (223,664) 86,312 (137,352) Subtotals 10 (793,037) 269,934 (523,103) Interbank loans, net 9 (10) 218 208 Totals (793,047) 270,152 (522,895) |
Personnel Salaries and Expenses
Personnel Salaries and Expenses | 12 Months Ended |
Dec. 31, 2022 | |
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Personnel Salaries and Expenses | Note 30 – Personnel Salaries and Expenses Personnel salaries expenses for the years ended December 31, 2022, 2021 and 2020 are broken down as follows: For the years ended December 31, 2022 2021 2020 MCh$ MCh$ MCh$ Personnel compensation (218,209) (180,671) (185,677) Bonuses or gratifications (67,828) (79,945) (68,154) Compensation for years of service (30,075) (24,402) (17,292) Training expenses (2,668) (1,174) (931) Health and life insurance (1,869) (1,052) (2,831) Other personnel expenses (20,849) (19,476) (17,306) Totals (341,498) (306,720) (292,191) |
Administrative Expenses
Administrative Expenses | 12 Months Ended |
Dec. 31, 2022 | |
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Administrative Expenses | Note 31 – Administrative Expenses For the years ended as of December 31, 2022, 2021 and 2020, the composition of this item is as follows: For the years ended December 31, 2022 2021 2020 MCh$ MCh$ MCh$ Administrative expenses (208,406) (179,416) (181,514) Expenses for short-term leases (1,976) (1,846) (1,478) Other expenses of obligations for lease contracts (232) (457) (207) Maintenance and repair of fixed assets (32,364) (33,288) (32,637) Insurance payments (18,822) (18,320) (17,428) Office supplies (1,693) (1,315) (1,756) IT and communications expenses (48,625) (55,436) (53,839) Utilities and other services (2,785) (3,545) (3,931) Security and transportation of securities services (5,643) (5,694) (6,754) Representation and personnel traverl expenses (1,783) (846) (1,263) Legal and notarial expenses (19,904) (19,419) (21,675) Professional services fees (1,477) (1,581) (1,629) Technical report fees (26,225) (21,865) (13,180) Fines applied by the Financial Market Commission (4) (81) — Fines (368) (211) (133) Other administrative expense (46,505) (15,512) (25,604) Outsourced services (33,771) (31,417) (28,539) Data processing (11,835) (11,237) (10,929) Appraisal service (50) (88) — Call center service for sales, marketing, quality assurance and costumer service (320) (442) (865) External collection service (1,649) (1,135) — External cleaning service, casino, files and documents custody, furniture and equipment storage (574) (733) — Sale services and product distribution (91) (36) — Other outsourced services (19,252) (17,746) (16,745) Board of directors compensations (1,239) (1,358) (1,310) Board of directors compensations (1,239) (1,358) (1,310) Marketing and advertising (14,529) (12,937) (11,914) Taxes, real estate tax and other legal charges (40,167) (32,842) (34,476) Real estate taxes (341) (305) (347) Patents (1,535) (1,361) (1,353) Other taxes (1) (28,419) (22,191) (23,660) Contributions to CMF (9,872) (8,985) (9,116) Total (298,112) (257,970) (257,753) (1) These amounts primarily correspond to taxes other than income taxes that affect Itaú Colombia and its subsidiaries (Colombian segment). These are taxes on local financial transactions, ongoing performance of commercial activities or services, non-discountable value added tax and equity tax, among others. |
Depreciation, Amortization, and
Depreciation, Amortization, and Impairment | 12 Months Ended |
Dec. 31, 2022 | |
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Depreciation, Amortization, and Impairment | Note 32 – Depreciation, Amortization, and Impairment a) Depreciation and amortization The amounts corresponding to charges to results for depreciation and amortization for the years ended December 31, 2022, 2021 and 2020, are detailed below: For the years ended December 31, Notes 2022 2021 2020 MCh$ MCh$ MCh$ Amortization of intangible assets 13 (54,716) (55,791) (21,826) Depreciación of property plant and equipment 14 (18,920) (18,608) (74,625) Depreciation of assets for rights to use of assets 15 (22,551) (27,184) (29,993) Totals (96,187) (101,583) (126,444) b) Impairment For the years ended December 31, 2022, 2021 and 2020, the composition of this item is as follows: For the years ended December 31, 2022 2021 2020 MCh$ MCh$ MCh$ Impairment of financial investments at FVTOCI — — — Impairment of financial investments at amortized cost — — — Subtotal financial assets — — — Impairment of intangible assets (1) — — (38,849) Impairment of intangibles generated in business combinations (2) — — (113,911) Impairment of goodwill (3) — — (651,825) Impairment of property, plant and equipment (4) (5) (6) (10) (91) (10,294) Subtotal Non-financial assets (10) (91) (814,879) Totals (10) (91) (814,879) (1) Impairment of intangibles due to the integration of the systems in Chile: MCh $ 31,426 for systems and MCh $3,098 for projects. Also includes deterioration of systems and software in Colombia of MCh $4,325 . (2) Impairment of intangibles generated in business combinations includes MCh $113,138 from Itaú Colombia and MCh $773 from Itaú Corredor de Seguros Colombia. (3) Impairment of Goodwill for MCh $412,356 in Chile CGU and MCh $239,469 in Colombia CGU. (4) For the year ended December 31, 2020 an impairment of ATM equipment for MCh $24 was recorded. (5) For the year ended December 31, 2020 an impairment of fixed assets due to restructuring plan for MCh $867 was recorded. (6) For the year ended December 31, 2020 an impairment of improvements in leased properties due to restructuring due to the restructuring plan for MCh $9,403 was recorded. The Bank has defined two CGUs: CGU Chile (Banco Itaú Chile and its Chileans subsidiaries and subsidiary allocated in New York) and CGU Colombia (Itaú Colombia and its subsidiaries and Itaú Corredores de Seguros S.A.). These CGUs were defined based on their main geographic areas. Their cash flow generation and performance are analyzed separately by the Executive Committee (C-suite) because their contributions to the consolidated entity may be identified independently. It is worth mentioning that these CGUs are consistent with the Bank’s operating segments (see Note 4). Note 32 – Depreciation, Amortization, and Impairment, continued Carrying amount of these CGUs, in a pre-taxes basis before impairment losses recognition, is as follows: As of December 31, CGU 2022 2021 MCh$ MCh$ Chile 2,662,349 2,321,096 Colombia 654,460 688,285 b.1) Goodwill impairment test as of December 31, 2022 i) Impairment test results CGU Chile Goodwill 2022 2021 MCh$ MCh$ Balances as of January 01, 492,512 492,512 Conversion difference — — Impairment — — Balances as of December 31, 492,512 492,512 ii) Methodology used by the Bank Consistent with prior years, the recoverable amounts of the Chilean CGU have been determined using the discounted dividend model methodology. This methodology considers the cash flow that would be generated by the dividends distributed to shareholders over a perpetual projection horizon, discounted at their cost rate projection horizon, discounted at their cost of capital rate at the valuation date. In this way, it is possible to economic value of equity can be estimated using dividend flow projections derived from financial budgets and other approved assumptions financial budgets and other assumptions approved by management. In its process to perform the impairment test of Goodwill, Management considered different sources of information, among which the following can be mentioned of information, among which the following can be mentioned: ● Existing historical information for both banks post-merger and if relevant also pre-merger. The historical information was reconciled considering those events considered as one-time and non-recurring. ● Budgets approved by Management. ● Information from external sources, such as analysts’ reports, supervisors, Central Banks and press releases. ● Observable market information, such as rate curves, inflation and growth projections. ● The competitive strategy defined for both banks. ● The projected funding structure and its impact on the Bank’s capital requirements and internal policy. Note 32 – Depreciation, Amortization, and Impairment, continued iii) Assumptions used in calculations of the recoverable amount The key assumptions used in calculating the recoverable amount, defined as those to which the calculation is most sensitive, are presented below: As of December, 2022 2021 Chile Perpetuity rate (%) 5.20 5.20 Projected inflation rate (1) (%) 3.00 3.00 Discount rate (%) 11.14 9.33 Loans growth (%) 5.10 – 8.20 7.00 – 10.00 Solvency index limit (%) 14.73 – 15.40 15.14 – 15.23 ● Projection period and perpetuity For 2022, flow projections were performed for a 5-year period through 2027. After this period, a present value of cash flows is calculated for the year 2027, projected to perpetuity using Gross Domestic Product growth rates aligned with those expected for the markets in which the CGUs described above operate. For the year 2021 the flow projections were made for a period of 5 years until 2026 (2020 – 5 years). After this period, a present value of the flows for the year 2026 is calculated, projected to perpetuity using Gross Domestic Product growth rates aligned with those expected for the markets in which the CGUs described operate. ● Loans and deposits Loans were projected for the periods prior to perpetuity considering an increase in the order of 13.3% and 9.7% per annum for Chile for the years ended December 31, 2022 and 2021, respectively. The deposit portfolio was projected in relation to the reciprocity established as a goal, both concepts aligned with market growth expectations and target market share. ● Net income Projected net income was estimated based on the sensitization of GDP growth and the effects of inflation with respect to the banking industry, which resulted in a projected growth rate based on the product mix (consumer, housing and commercial loans) and the target market share established by management. The projection of funding costs is mainly determined by the average balances of demand deposits, time deposits and other liabilities. ● Discount rate The discount rate used was the Cost of Equity (Ke) in local currency, which was used to discount the cash flows of each CGU. This calculation considered a premium for country risk, where the CGUs maintain their operations. ● Perpetuity rate A perpetuity growth rate was considered in accordance with the rates observed in the market where each CGU operates. Consequently, they were constructed considering local inflation and nominal GDP growth projections. ● Dividend payment Dividend payments were made maximizing shareholder cash flows, taking as a restriction that the solvency indicator (ratio of technical equity to risk-weighted assets) should not be below the limits required by regulatory entities. Thus, a dividend for the Chilean CGU was considered to be 40% in 2023 and 2024, 50% between 2025 and 2027, and 55% in perpetuity Note 32 – Depreciation, Amortization, and Impairment, continued was considered, while for the year ended December 31, 2021 a dividend for Chile CGU of 30% for the projected years and 50% in perpetuity was considered. iv) Impairment loss recognition As a result of the impairment testing process described above, management concludes that the relation of the recoverable amount and its carrying amount for the Chile CGUs as of December 31, 2022, is as follow: As of December 31, 2022 2021 Chile Chile Recoverable Amount / Carrying Value (%) 122.85 141.23 The recoverable amount for the CGU corresponds to the value in use, since it is the highest amount when comparing the fair value less costs to sell and the value in use. As of December 31, 2022, Management has not identified an impairment charge that should be recognized in these Consolidated Financial Statements. v) Reconciliation of rates before and after taxes. The Bank has used the cost of equity (Ke) rate as the discount rate in its calculation of the recoverable amount, a rate that is observable after tax recoverable amount, a rate that is observable after tax. The following table shows the effect of considering the pre-tax cash flows and discount rate: As of December 31, 2022 2021 Chile Chile Discount rates (%) 12.37 10.34 Recoverable amount/Carrying value (%) 139.68 158.27 b.2) Impairment test results and impairment losses recognition as of June 30, 2020 i) Impairment test results Impairmente of intangible assets (1) CGU Chile CGU Colombia Totals MCh$ MCh$ MCh$ Goodwill impairment loss 448,273 246,663 694,936 Intangibles assets generated in a business combination impairment loss — 113,911 113,911 Total impairment of Chile and Colombia CGUs 448,273 360,574 808,847 (1) As reported in 2016 in the original recognition of the business combination between Banco Itaú Chile and Corpbanca, as described in Note 1, resulted in a registration of a goodwill not deductible for income tax purposes, therefore, the recognition of impairment loss does not generate effects on tax results. On the other hand, the intangibles assets generated in the business combination had an associated deferred tax liability of Ch $34,547 million, which generated an impact on income tax results equivalent to that amount, by recognizing the impairment. Considering the above, the effect on income net of taxes generated by the recognition of the impairment loss amounts to Ch $731,189 million, distributed between Ch $720,951 million attributable to the owners of the Bank and Ch $10,238 million attributable to non-controlling interest. Note 32 – Depreciation, Amortization, and Impairment, continued ii) Goodwill allocation The Goodwill allocated to each of the identified CGUs generated in the reverse acquisition described in Note 1, section “General Information – Background of Banco Itaú Chile and subsidiaries”, and the movements experienced during the year, are presented below: Goodwill Chile CGU Colombia CGU MCh$ MCh$ Balances as of January 1, 2020 940,785 253,546 Exchange differences — (6,883) Impairment (448,273) (246,663) Ending balances as of December 31, 2020 492,512 — (1) Goodwill generated by the acquisition of a business combination (Colombia) is expressed in the functional currency of the aforementioned business (Colombian peso), converted at the closing exchange rate (exchange rate COP to Ch$ for the purpose of accounting recognition in Chile) in accordance with IAS 21 “Effects of Changes in Exchange Rates of the Foreign Currency” (see Note 13). Figures presented as of June 30, 2020 have been adjusted to their recoverable amount, recognizing an impairment loss in accordance with the aforementioned information. iii) Methodology used by the Bank Consistent with the prior year, the recoverable amounts of Chile CGU and Colombia CGU have been determined using the dividend discount model. This methodology considers the cash flows that would be generated by dividends distributed to shareholders at perpetuity, discounted to their cost of capital rate as of the valuation date. Therefore, the economic value of equity can be estimated using cash flow projections derived from financial budgets and other assumptions approved by management. In testing goodwill for impairment, management considered different sources of information, including: ● Historical information existing for both Banks post-merger and, if relevant, pre-merger. Historical information for events assessed as one-time and non-recurring was excluded. ● Assumptions approved by management. ● Information from external sources such as analyst reports, regulators, central Banks and press releases. ● Observable market information such as rate curves, inflation and growth projections. ● The competitive strategy defined for both Banks. ● The projected funding structure and its impact on the Bank’s capital requirements and internal policy Note 32 – Depreciation, Amortization, and Impairment, continued iv) Key assumptions used in calculating the recoverable amount. The key assumptions used in calculating recoverable amount, defined as those variables to which the calculation is more sensitive, are presented below: As of June 30, 2020 Chile Colombia Perpetuity rate (%) 5.20 6.50 Projected inflation rate (1) (%) 3.00 3.00 Discount rate (%) 9.33 12.31 Loans growth (%) 6.25 – 8.82 Solvency index limit (%) 15.14 – 15.23 10.00 – 11.70 (1) ● Period of Projection and Perpetuity When performing the goodwill impairment in June 2020, cash flow projections are prepared for a period of 5 years from 2020 to 2025. After this period, the present value of cash flows for the year 2024 are calculated, projected to perpetuity using GDP growth rates expected for the markets in which the aforementioned CGUs operate. ● Loans and deposits Loans were projected considering an increase of around 7.3% per year in Chile. Anticipated changes in the product mix were also modeled for both countries. The deposit portfolio was projected using target reciprocity. ● Income Interest and fee income were projected in line with loans, modeling interest rates and commissions expected for each portfolio and type of product. Other relevant macroeconomic variables were also considered such as inflation and base interest rates. ● Costs of funding The cost projections are mainly determined based on demand deposits and term deposits balances, considering an annual average ratio of 3.7% for Chile and 4.0% for Colombia. In the cost of funding, the Bank models the impact of the aforementioned reciprocity strategy with no significant changes in the funding structure. ● Discount rate Estimated as the discount rate of the Cost of Capital (Ke) in local currency, which was used to discount the cash flows of each CGU. This calculation considers a premium for the risk of the country for each CGU. ● Perpetuity rate The perpetuity growth rates are aligned with the growth of the economy in both jurisdictions. Consequently, these were built considering local inflation and GDP growth projections Note 32 – Depreciation, Amortization, and Impairment, continued ● Dividend payment The payment of dividends was made by maximizing the cash flows of the shareholder taking as a restriction that the solvency indicator (ratio of technical equity with risk-weighted assets) does not fall below the minimum limits required by the regulatory entities. In this way, a dividend for the CGU of Chile of 30% for the first 5 years and 50% in perpetuity was considered. v) Impairment test results As a result of the impairment test performed, Management concludes that the recoverable amount of the CGUs exceeds their carrying amount, as shown in the following table: As of June 30, 2021 Main assumptions Chile Colombia Recoverable Amount / Carrying Value (%) 81.37 54.45 vi) Reconciliation of rates before and after taxes The Bank has used the cost of own capital (Ke) rate as a discount rate in its calculation of the recoverable amount, a rate that is observable after taxes. The following table shows the effect of considering the flows and the discount rate before taxes. As of June 30, 2020 Chile Colombia Discount rates (%) 11.56 14.39 Perpetuity growth rate (%) 79.84 59.79 As of December 31, 2020, the Bank has updated the impairment test in order to determine the impairment at the end of this fiscal year and concluded that there was no need to record an additional goodwill impairment loss. |
Other Operating Income and Expe
Other Operating Income and Expenses | 12 Months Ended |
Dec. 31, 2022 | |
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Other Operating Income and Expenses | Note 33 – Other Operating Income and Expenses a) Other operating income The detail of other operating income is as follows: For the years ended December 31, 2022 2021 2020 MCh$ MCh$ MCh$ Income from assets received in lieu of payment Gain on sales of assets received in lieu of payment 3,684 5,758 3,287 Other income 5,079 1,659 30,622 Subtotals 8,763 7,417 33,909 Other income Compensations from insurance companies — 291 693 Lease contracts related income 71 265 819 Gain on sale of property, plant and equipment — 101 14 Recovery of leased assets — — 59 Other leasing transactions operating income, subsidiaries 5,900 3,398 4,604 Gain on sale of leased assets 78 815 688 Other operating income 1,648 1,533 933 Revenue from insurance companies agreement — 1,841 1,537 Income from recovery of foreign expenses 1,379 1,140 895 Recoveries from expenses provisions 5,983 8,700 15,739 Other minor income 2,003 1,346 481 Other income 8,404 2,431 5,207 Subtotals 25,466 21,861 31,669 Totals 34,229 29,278 65,578 Note 33 – Other Operating Income and Expenses continued b) Other operating expenses During the years ended December 31, 2022, 2021 and 2020, the Bank presents other operating expenses according to the following detail : For the years ended December 31, 2022 2021 2020 MCh$ MCh$ MCh$ Provisions for assets received in lieu of payment (24,006) (2,538) (4,006) Maintenance expenses for assets received in lieu of payment (873) (863) (1,086) Subtotals (24,879) (3,401) (5,092) Provisions for contingencies Other provisions for contingencies (986) (382) (3,119) Subtotals (986) (382) (3,119) Other expenses Loss on sale of property, plant and equipment 14 (15) (145) Restructuring costs — (9,389) (7,190) Operating expenses (11,094) (12,197) (5,219) Insurance expense (law 20,027) (1,355) (5,033) (36,075) Provision expense for recovered leased assets (40) (378) (1,191) Expenses and losses on sale of assets (28) (2,223) (16,262) Banking expenses (504) (3,378) (2,754) Fines and penalties (597) (2,211) (4,502) Loss on damaged assets — — — Other expenses (7,708) (4,636) (8,962) Subtotals (21,312) (39,460) (82,300) Totals (47,177) (43,243) (90,511) |
Related Party Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Related Party Transactions | Note 34 – Related Party Transactions In accordance with the provisions set forth in the Chilean General Banking Law and the instructions issued by the CMF, related parties are those individuals or corporations related to the ownership or management of the Institution directly or through third parties. Article 89 of the Ley de Sociedades Anónimas (Chilean Companies Law), which also applies to Banks, establishes that any transaction with a related party must be carried out on an arm’s length basis. In the case of sociedades anónimas abiertas (publicly traded companies) and their subsidiaries, transactions with related parties involve any negotiation, act, contract or transaction in which the company must intervene; the following are considered as parties related to them: those entities of the corporate group to which the company belongs; the corporations that, with respect to the company, have the status as parent, controlling entity, affiliate, subsidiary; the Directors, Managers, Administrators, Chief Executive Officer or Liquidators of the company, acting in their own names or on behalf of individuals other than the company, and their respective spouses or their relatives up to the second degree of consanguinity, as well as any entity controlled either directly or indirectly, through any of them; and any person who either acting individually or jointly with others with whom it has executed a joint operation agreement, may appoint at least one member of the management of the company or controls 10% or more of its capital stock, with the right to vote, in the case of a sociedad por acciones (stock corporation); those established by the bylaws of the company, or justifiably identified by the Directors’ Committee; and those in which it has acted as Director, Manager, Administrator, Chief Executive Officer or Liquidator of the company, during the last eighteen months. Article 147 of the Ley de Sociedades Anónimas (Chilean Companies Law) sets forth that a sociedad anónima abierta (publicly traded company) may only carry out transactions with related parties when they are intended to contribute to the corporate interest, are adjusted in the price, terms and conditions to those prevailing in the market at the time of their approval and comply with the requirements and the procedure indicated by it. Moreover, Article 84 of the Chilean General Banking Law establishes limits for the loans that may be granted to related parties and the prohibition to grant loans to the Directors, Managers or General Attorneys of the Bank a) Loans granted to related parties As of December 31, 2022 and 2021, the loans granted to related persons are detailed below : As of December 31, 2022 As of December 31, 2021 Productive Investment Productive Investment companies companies Individuals companies companies Individuals MCh$ MCh$ MCh$ MCh$ MCh$ Loans and accounts receivable from customers Commercial loans — 5,743 9,842 47,792 19,208 5,758 Mortgage loans — — 53,872 — — 33,701 Consumer loans — — 11,771 — — 8,058 Gross loans and accounts receivable from customers — 5,743 75,485 47,792 19,208 47,517 Allowance for loan losses — (469) (381) (9,592) (1,182) (225) Loans and receivables to customers, net — 5,274 75,104 38,200 18,026 47,292 Note 34 – Related Party Transactions, continued b) Other transactions and contracts with related parties Below are the balances as of December 31, 2022, 2021 and 2020, for transactions with related parties and the impact on results for the years ended December 31, 2022, 2021 and 2020: As of and for the year ended December 31, 2022 Balances receivable Effect on income (loss) Name or Corporate Name Description (payable) Income Expense MCh$ MCh$ MCh$ Centro Cultural Corpgroup SpA (1) Sponsors — — (311) Combanc S.A. Data transmission services — — (534) Comder Contraparte Central S.A Banking services — — (1,482) Corp Group Holding Inversiones Ltda (1) Advisory services — — (239) Inmobiliaria Gabriela S.A Other services (566) — — Inversiones Corp Group Interhold Ltda. (1) Administrative consulting — — (1,447) Itau BBA securities NY Buisness management reimbursement 77 1,342 — Itaú Chile Inv. Serv. y Administración S.A. Leases (381) — (113) Itaú Unibanco Business management reimbursement — — (1,507) Banco Itaú International Business management reimbursement 736 1,713 — Banco Itaú (Suisse) S.A. Business management reimbursement 2 7 — Operadora Tarjeta de Crédito Nexus S.A. Credit card management — — (3,248) Redbanc S.A. ATM management — — (4,678) Transbank S.A. Credit card management — — (13,037) These transactions were carried out at normal market prices prevailing on the date of the transactions. (1) As informed by a Material Event dated July 14, 2022, on June 3, 2022, Banco Itaú Chile, Itaú Unibanco Holding S.A., CorpGroup Interhold SpA, Inversiones Gasa Limitada and other entities related to CG Banking entered into a “Termination Letter”, in order to terminate, among others, the Transaction Agreement entered into by and between the same parties on January 29, 2014, as amended on June 2, 2015 and on January 20, 2017 (the “Transaction Agreement” or the “TA”), The Termination Letter took effect on July 14, 2022. The Termination Letter contained, among other things, the following agreements: - The termination, effective December 31, 2022, of the technical and professional advisory agreements entered into with Inversiones CorpGroup Interhold Ltda, (formerly CorpGroup Interhold S.A.) on July 6, 2001 (as amended on January 27, 2014 and on October 30, 2015), with Inversiones CorpGroup Interhold Ltda, (formerly CorpGroup Interhold S.A. ) on April 10, 2008 (as amended on January 27, 2014) and with CorpGroup Holding Inversiones Limitada on March 27, 2012 (as amended on January 27, 2014 and on October 30, 2015). - Maintain in force the Sponsorship Agreement entered into on January 28, 2011 (and amended on January 27, 2014) between Inmobiliaria Edificio CorpGroup S.A. and Corpbanca, which was assigned on October 16, 2020 to Centro Cultural CorpGroup SpA, until July 31, 2024, in accordance with its current terms. Note 34 – Related Party Transactions, continued As of and for the year ended December 31, 2021 Balances receivable Effect on income (loss) Name or Corporate Name Description (payable) Income Expense MCh$ MCh$ MCh$ Combanc S.A. Data transmission services — — (464) Comder Contraparte Central S.A Banking services — — (849) Corp Group Holding Inversiones Ltda Advisory services — — (447) Inmobiliaria Edificio Corpgroup S.A. Office lease and building fees (13,326) — (2,166) Inmobiliaria Gabriela S.A Other services (632) — (132) Inversiones Corp Group Interhold Ltda. Administrative consulting — — (2,711) Itau BBA securities NY Buisness management reimbursement 1,894 2,065 — Itaú Chile Inv. Serv. y Administración S.A. Leases (67) — (818) Itaú Unibanco Business management reimbursement — — (655) Operadora Tarjeta de Crédito Nexus S.A. Credit card management — — (3,740) Pulso Editorial S.A. Publishing services — — (70) Redbanc S.A. ATM management — — (3,566) SMU S.A., Rendic Hnos. S.A. Lease of ATM (Note 17) — — (991) Transbank S.A. Credit card management — — (8,218) As of and for the year ended December 31, 2020 Balances receivable Effect on income (loss) Name or Corporate Name Description (payable) Income Expense MCh$ MCh$ MCh$ Adexus S.A. Data transmission services — — (8) Bcycle Latam SPA Administrative consulting — — (2,165) Combanc S.A. Data transmission services — — (472) Comder Contraparte Central S.A Banking services — — (826) Compañía Chilena de Televisión S.A. Tv broadcasting services — — (8) Corp Group Holding Inversiones Limitada Advisory services — — (537) Hotel Corporation of Chile S.A. Hotel, events — — (8) Inmobiliaria Edificio Corpgroup S.A. Office lease and building fees (14,175) — (4,693) Inmobiliaria Gabriela S.A Other services (708) — (128) Inversiones Corp Group Interhold Ltda. Administrative consulting — — (2,613) Itaú Chile Inv. Serv. y Administración S.A. Leases (198) — (1,143) Itaú Unibanco Business management reimbursement 1,549 2,213 — Operadora de Tarjeta de Crédito Nexus S.A. Credit card management — — (3,319) Pulso Editorial S.A. Publishing services — — (24) Redbanc S.A. ATM management — — (3,094) SMU S.A., Rendic Hnos. S.A. Lease of ATM (Note 17) 991 — (2,388) Transbank S.A. Credit card management — — (13,177) These transactions were carried out at normal market prices prevailing at the day of the transactions. Note 34 – Related Party Transactions, continued c) Donations For the years ended December 31, Name or corporate name Description 2022 2021 2020 MCh$ MCh$ MCh$ Fundación Corpgroup Centro Cultural Donations 1,786 1,449 1,556 Fundación Descúbreme Donations 123 224 204 Fundación Itaú Donations 225 186 170 Totales 2,134 1,859 1,930 d) Other assets and liabilities with related parties. As of December 31, 2022 2021 MCh$ MCh$ Assets Derivative financial instruments — 109,194 Other assets — 98 Total Assets — 109,292 Liabilities Derivative financial instruments — 188,130 Current accounts and demand deposits 18,507 74,724 Time deposits and saving accounts 149,422 241,023 Other liabilities — 21,610 Total Liabilities 167,929 525,487 e) Results of transactions with related parties For the years ended December 31, 2022 2021 2020 Type of recognized income or expense Income Expenses Income Expenses Income Expenses MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Interest and readjustments income (expenses) 1,255 (144) 6,833 (1,272) 8,532 (4,955) Fee and commissions income and (expenses) 225 (74) 1,242 — 504 — Net income (loss) from financial operations 424,170 (375,746) 355,101 (492,570) 26,636 (10,033) Operational support related income — (4) 275 — 500 — Other income and (expenses) 2 — 80 (220) 211 (310) Totals 425,652 (375,968) 363,531 (494,062) 36,383 (15,298) f) Payments to Board members and key management personnel. Compensation received by key personnel of Management as follow: As of December 31, 2022 2021 2020 MCh$ MCh$ MCh$ Board of directors compensations (1,239) (1,358) (1,310) Short-term employee benefits 33,819 27,168 31,868 Post-employment benefits — — — Other long-term benefits 153 3,277 — Compensation for termination of contract 1,936 982 931 Totals 34,669 30,069 31,489 Note 34 – Related Party Transactions, continued g) Key personnel As of December 31, 2022 and 2021, the headcount of the Bank’s key staff is composed as follows: Number of executives As of December 31, Position 2022 2021 Board Member 16 16 Chief Executive Officer 8 8 Corporate Director 21 21 Area Manager 127 148 Totals 172 193 h) Transactions with key personnel The next transactions has been realized during the years ended December 31, 2022 and 2021: As of December 31, 2022 2021 MCh$ MCh$ Credits cards 90 67 Consumer loans 205 345 Commercial loans 70 546 Mortgage loans 340 306 |
Fair Value of Financial Assets
Fair Value of Financial Assets and Liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Fair Value of Financial Assets and Liabilities | Note 35 – Fair Value of Financial Assets and Liabilities This disclosure was prepared based on the guidelines “Fair Value of Financial Instruments” from the IFRS 13 “Fair Value Measurements”. The following section details the main guidelines and definitions used by the Bank: Fair value: 2 3 Market participants: a) They are independent of each other, i.e. they are not related parties as defined in IAS 24 “Related Party Disclosures,” although the price in a related party transaction may be used as an input to a fair value measurement if the entity has evidence that the transaction was entered into at market terms. b) They are knowledgeable, having a reasonable understanding about the asset or liability and the transaction using all available information, including information that might be obtained through due diligence efforts that are usual and customary. c) They are able to enter into a transaction for the asset or liability. d) They are willing to enter into a transaction for the asset or liability (i.e. they are motivated, but not forced or otherwise compelled, to do so). Fair value measurement: Aspects of the transaction: Market participants: Prices: 2 The market with the greatest volume and level of activity for the asset or liability 3 The market that maximizes the amount that would be received to sell the asset or minimizes the amount that would be paid to transfer the liability, after taking into account transaction costs and transport costs. Note 35 – Fair Value of Financial Assets and Liabilities, continued Highest and best use of non-financial assets: Bank’s own liabilities and equity instruments: a) A liability would remain outstanding and the market participant transferee would be required to fulfill the obligation. The liability would not be settled with the counterparty or otherwise extinguished on the measurement date. b) An entity’s own equity instrument would remain outstanding and the market participant transferee would take on the rights and responsibilities associated with the instrument. The instrument would not be cancelled or otherwise extinguished on the measurement date. Default risk: Initial recognition: Valuation techniques: a) Market approach b) Income approach c) Cost approach Present value techniques Components of the present value measurement: Note 35 – Fair Value of Financial Assets and Liabilities, continued a) An estimate of future cash flows for the asset or liability being measured. b) Expectations about possible variations in the amount and timing of the cash flows representing the uncertainty inherent in the cash flows. c) The time value of money, represented by the rate on risk-free monetary assets that have maturity dates or durations that coincide with the period covered by the cash flows and pose neither uncertainty in timing nor risk of default to the holder (i.e. a risk-free interest rate). d) The price for bearing the uncertainty inherent in the cash flows (i.e. a risk premium). e) Other factors that market participants would take into account in the circumstances. f) For a liability, the non-performance risk relating to that liability, including the entity’s (i.e. the debtor’s) own credit risk. Fair value hierarchy The following tables summarizes the fair values of the Bank’s main financial assets and liabilities as of December 31, 2022 and 2021, including those that are not recorded at fair value in the Consolidated Statement of Financial Position. Determination of the fair value as of December 31, 2022 and 2021 As of December 31, 2022 Estimated fair value Book value Recurring Non-recurring (1) MCh$ MCh$ MCh$ Assets Cash and deposits in banks 3,058,752 — 3,058,752 Cash items in process of collection 494,994 — 494,994 Financial instruments at fair value through profit or loss 472,283 472,283 — Financial instruments at fair value through other comprehensive income 3,735,290 3,735,290 — Loans and accounts receivable at amortized cost 25,711,811 — 26,405,529 Financial instruments at amortized cost 1,013,943 — 925,277 Investments under resale agreements 162,774 — 162,774 Financial derivatives contracts held for trading 3,617,792 3,617,792 — Financial derivatives contracts held for hedge accounting 138,548 138,548 — Interbank loans, net 46,122 — 46,122 Totals Assets 38,452,309 7,963,913 31,093,448 Liabilities Deposits and other demand liabilities 5,555,185 — 5,555,185 Cash in process of being cleared 456,957 — 456,957 Obligations under repurchase agreements 354,088 — 354,088 Time deposits and other time liabilities 12,703,653 — 12,628,648 Financial derivatives contracts held for trading 3,426,141 3,426,141 — Financial derivatives contracts held for hedge accounting 218,733 218,733 — Interbank borrowings 4,728,323 — 4,714,722 Debt instruments issued 6,547,807 — 6,360,361 Financial instruments of regulatory capital issued 1,263,169 — 1,417,784 Lease contract liabilities 94,575 — 94,575 Other financial liabilities 359,573 — 359,573 Totals Liabilities 35,708,204 3,644,874 31,941,893 (1) Non-recurring items correspond to those line items that are carried at cost, but their corresponding fair value has been estimated for disclosure purposes only. Note 35 – Fair Value of Financial Assets and Liabilities, continued As of December 31, 2021 Estimated fair value Book value Recurring Non-recurring(1) MCh$ MCh$ MCh$ Assets Cash and deposits in banks 3,473,392 — 3,473,392 Cash items in process of collection 438,496 — 438,496 Financial instruments at fair value through profit or loss 332,724 332,724 — Financial instruments at fair value through other comprehensive income 3,660,450 3,660,450 — Loans and accounts receivable at amortized cost 23,795,548 — 24,119,631 Financial instruments at amortized cost 187,455 — 187,086 Investments under resale agreements 606,178 — 606,178 Financial derivatives contracts held for trading 2,897,803 2,897,803 — Financial derivatives contracts held for hedge accounting 83,123 83,123 — Interbank loans, net 80,554 — 80,554 Totals Assets 35,555,723 6,974,100 28,905,337 Liabilities Deposits and other demand liabilities 7,576,095 — 7,576,095 Cash in process of being cleared 424,358 — 424,358 Obligations under repurchase agreements 466,006 — 466,006 Time deposits and other time liabilities 10,097,443 — 10,009,988 Financial derivatives contracts held for trading 2,757,342 2,757,342 — Financial derivatives contracts held for hedge accounting 168,245 168,245 — Interbank borrowings 4,918,423 — 4,915,814 Debt instruments issued 5,609,795 — 5,486,872 Financial instruments of regulatory capital issued 1,153,045 — 1,153,045 Lease contract liabilities 115,544 — 106,564 Other financial liabilities 42,435 — 42,435 Totals Liabilities 33,328,731 2,925,587 30,181,177 (1) Non-recurring items correspond to those line items that are carried at cost, but their corresponding fair value has been estimated for disclosure purposes only. Fair Value Measurements of assets and liabilities only for disclosure purposes (non-recurring) : As of December 31, Non-recurring fair value measurement 2022 2021 MCh$ MCh$ Assets Cash and deposits in banks 3,058,752 3,473,392 Cash items in process of collection 494,994 438,496 Loans and accounts receivable at amortized cost 26,405,529 24,119,631 Investments under resale agreements 162,774 606,178 Interbank loans, net 46,122 80,554 Financial instruments at amortized cost 925,277 187,086 Totals Assets 31,093,448 28,905,337 Liabilities Deposits and other demand liabilities 5,555,185 7,576,095 Cash in process of being cleared 456,957 424,358 Obligations under repurchase agreements 354,088 466,006 Time deposits and other time liabilities 12,628,648 10,009,988 Interbank borrowings 4,714,722 4,915,814 Debt instruments issued 6,360,361 5,486,872 Financial instruments of regulatory capital issued 1,417,784 1,153,045 Lease contract liabilities 94,575 106,564 Other financial obligations 359,573 42,435 Totals Liabilities 31,941,893 30,181,177 Note 35 – Fair Value of Financial Assets and Liabilities, continued The following section describes the methods used to estimate fair value: Cash, short-term assets and short-term liabilities The fair value of these items approximates their book value given their short-term nature. These items include: ● Cash and deposits in Banks ● Cash in the process of collection ● Financial instruments at fair value through profit or loss ● Deposits and other demand liabilities ● Other financial obligations Loans The fair value of loans is determined using a discounted cash flow analysis, using a risk-free interest rate adjusted for expected losses from debtors based on their credit quality. The credit risk adjustment is based on the Bank’s credit risk policies and methodologies: These items include: ● Interbank loans ● Loans and accounts receivable at amortized cost Financial instruments at amortized cost The estimated fair value of these financial instruments is determined using quotes and transactions observed in the main market for identical instruments, or in their absence, for similar instruments. Fair value estimates of debt instruments or securities representative of debt take into account additional variables and inputs to the extent that they apply, including estimates of prepayment rates and the credit risk of issuers. Medium and long-term liabilities The fair value of medium and long-term liabilities is determined using a discounted cash flow analysis, using an interest rate curve that reflects current market conditions at which the entity’s debt instruments are traded. Medium and long-term liabilities include: ● Time deposits and other time liabilities ● Interbank borrowings ● Debt instruments issued Note 35 – Fair Value of Financial Assets and Liabilities, continued Fair Value measurement of financial assets and liabilities (recurring): As of December 31, Fair value measurement of recurring items 2022 2021 MCh$ MCh$ Assets Financial instruments at fair value through profit or loss 472,283 332,724 Central Bank of Chile and Government securities 160,751 50,743 Other securities issued in Chile 22,877 111 Foreign government and Central Bank instruments 182,268 232,083 Other instruments issued abroad 4,658 8,824 Investments in mutual funds 47,598 39,842 Financial assets not held for trading valued mandatorily at fair value through profit or loss 53,206 — Other financial instruments at FVTPL 925 1,121 Financial instruments at fair value through other comprehensive income 3,735,290 3,660,450 Central Bank of Chile and Government securities 2,971,905 2,325,668 Other securities issued in Chile 205,358 138,845 Foreign government and Central Bank instruments 311,319 45,386 Other instruments issued abroad 232,350 366,487 Other investments at FVOCI 14,358 784,064 Financial derivative contracts 3,756,340 2,980,926 Forwards 488,261 382,206 Swaps 3,267,426 2,598,071 Call options 653 649 Put options — — Totals Assets 7,963,913 6,974,100 Liabilities Financial derivative contracts 3,644,874 2,925,587 Forwards 530,445 391,049 Swaps 3,113,516 2,534,164 Call options 403 343 Put options 510 31 Totals Liabilities 3,644,874 2,925,587 Financial Instruments The estimated fair value of these financial instruments is determined using quotes and transactions observed in the main market for identical instruments, or in their absence, for similar instruments. Fair value estimates of debt instruments or securities representative of debt take into account additional variables and inputs to the extent that they apply, including estimates of prepayment rates and the credit risk of issuers. These financial instruments are classified as follows: ● Financial instruments at fair value through profit or loss ● Financial instruments at fair value through other comprehensive income Note 35 – Fair Value of Financial Assets and Liabilities, continued Financial Derivative Instruments The estimated fair value of derivative instruments is calculated using prices quoted in the market for financial instruments with similar characteristics. Therefore, the methodology recognizes the credit risk of each counterparty. The adjustments are known internationally as the counterparty value adjustment (“CVA”), which consists of an adjustment for debtor risk (credit value adjustment or CVA) and for creditor risk (debit value adjustment or “DVA”). The sum of these adjustments gives the effective counterparty risk that the derivative contract must have. These adjustments are recorded periodically in the financial statements. As of December 2022, 2021 and 2020, the portfolio of derivative contracts in both Chile and Colombia is detailed as follows: As of December 31, 2022 2021 2020 CVA DVA CVA DVA CVA DVA MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Derivatives held for hedging — — — — — — Fair value hedge — — Currency forwards — — — — — — Currency swaps — — — — — — Interest rate swaps — — — — — — Cash flow hedge — — — — Currency forwards — — — — — — Currency swaps — — — — — — Interest rate swaps — — — — — — Hedge of net investments in a foreign operation — — — — — — Currency forwards — — — — — — Currency swaps — — — — — — Interest rate swaps — — — — — — Derivatives held for trading (5,663) 881 (9,320) 337 (40,971) 589 Currency forwards (474) 446 (240) 207 (443) 205 Currency swaps (4,748) 344 (4,936) 56 (36,363) 37 Interest rate swaps (441) 91 (4,144) 74 (4,165) 347 Call currency options — — — — — — Put currency options — — — — — — Total financial derivative contracts (5,663) 881 (9,320) 337 (40,971) 589 Fair value hierarchy IFRS 13 establishes a fair value hierarchy that classifies assets and liabilities based on the characteristics of the data that the technique requires for its valuation: Level 1: Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Entity can access at the measurement date. The inputs needed to value the instruments in this category are available daily and used directly. In the case of currency, shares and mutual funds, prices are observed directly in over-the-counter (OTC) markets and the stock exchange. These prices correspond to the values at which the exact same assets are traded. As a result, the portfolio valuation does not require assumptions or models of any type. Note 35 – Fair Value of Financial Assets and Liabilities, continued For instruments issued by the Central Bank of Chile and the Chilean Treasury, a price provider is used, which corresponds to a public quotation. The comparative prices are defined under the criterion of similarity in duration, type of currency and they are traded equivalently on a daily basis. The valuation of these instruments is identical to the Stock Exchange Comercio de Santiago, which is a standard and international methodology. This methodology uses the rate of internal return to discount the flows of the instrument. Level 2: The specific instrument does not have daily quotes. However, similar instruments can be observed (e.g. same issuer, different maturity; or different issuer, same maturity and risk rating). In general, they are diverse combinations of pseudo-arbitration. Although the inputs are not directly observable, observable inputs are available with the needed periodicity. In this category, instruments are valued by discounting contractual cash flows based on a zero-coupon curve determined through the price of instruments with similar characteristics and a similar issuer risk. The income approach is used, which converts future amounts to present amounts. For derivative instruments within this category, quotes from over-the-counter (OTC) transactions reported by the most important brokers in the Chilean market and the Bloomberg platform are used. The inputs observed include forward prices, interest rates and volatilities. Based on these inputs, market curves are modeled. They are a numerical representation of the opportunity costs of the instrument’s cash flows or the price volatility of an asset. Finally, cash flows are discounted. The Black and Scholes model is used for options based on prices of brokers in the Over-The-Counter market. For money market instruments, prices of transactions on the Santiago Stock Exchange are observed and used to model market curves. For corporate or Bank bonds, given the lack of market depth, the Bank uses transactions (if any) in the Chilean market, on foreign markets, zero-coupon curves of risk-free instruments, adjustment curves, spread modeling, correlation with similar financial instruments, etc. and creates market curves for use in the final result. These market curves are provided by a pricing supplier and are widely accepted by the market, regulators and scholars. Level 3: Inputs are unobservable inputs for the asset or liability. This is used when prices, data or necessary inputs are not directly or indirectly observable for similar instruments for the asset or liability as of the valuation date. These fair value valuation models are subjective in nature. Therefore, they base their estimate of prices on a series of assumptions that are widely accepted by the market. Due to the lack of liquidity in the basis of the active banking rate (TAB) over the chamber rate (camera), the price is not observable and, therefore, models must be used to estimate the future cash flows of the contract. This spread is calculated on a historical basis using the IRS with the greatest market depth, which is the chamber swap. In addition, the Bank offers American forwards to meet its customers’ needs. They do not have a secondary market and, therefore, their value is estimated using an extension of the Hull-White model, used widely by the financial services industry. Note 35 – Fair Value of Financial Assets and Liabilities, continued With respect to financial assets, a negotiation is not required, mandatorily valued at fair value with changes in results, the valuation is made based on the determination of a rate that allows obtaining the fair value based on market references: Determining an average rate from “Comparable Instruments” according to the rating of the issuer and term of the instrument. - Decomposing the rate into a risk-free base observable in the market and a spread that represents the credit risk of the issuer. - The periodic valuation of the instrument is carried out based on the value of the risk-free rate of each day plus the determined credit spread. The table below summarizes the impacts on the portfolio of a recalibration of the models based on a stress scenario, recalibrating parameters with the shock incorporated. As of December 31, 2022 As of December 31, 2021 Forward Forward Americano Basis TAB Basis TAB Americano Basis TAB Basis TAB Impact calibration USD-CLP CLP CLF USD-CLP CLP CLF MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Volatility exchange rate USD-CLP TAB 30 — 33 — — 48 — TAB 90 — — — — — — TAB 180 — 26 9 — 37 12 TAB 360 — — (1) — — (2) Totals — 59 8 — 85 10 The following table summarizes the fair value hierarchy for the Bank’s recurring valuation of financial instruments: Level Instrument Issuer Price Source Model 1 Currencies Not Applicable OTC, Bloomberg Directly observable price. Shares Others Santiago Exchange Directly observable price. Mutual Funds Asset Managers CMF (formerly the SVS) Directly observable price. Bonds Chilean Central Bank and Chilean Treasury Santiago Exchange Internal rate of return (“IRR”) based on prices. 2 Derivatives Not Applicable OTC (brokers), Bloomberg Interest rate curves based on forward prices and coupon rates. Money market Chilean Central Bank and Chilean Treasury Santiago Exchange Interest rate curves based on prices. Money market Banks Santiago Exchange Interest rate curves based on prices. Bonds Companies, Banks Pricing provider Interest rate curves based on correlations, spreads, extrapolations, etc. 3 Derivatives, active Banking rate (TAB) Not Applicable OTC (brokers) Interest rate curves based on modeling of TAB – Chamber spread. Derivatives, American forwards Not Applicable Bloomberg Black and Scholes with inputs from European options. Note 35 – Fair Value of Financial Assets and Liabilities, continued The following table classifies assets and liabilities measured at fair value on a recurring basis, in accordance with the fair value hierarchy established in IFRS 13, as of December 31, 2022 and 2021 : As of December 31, 2022 Market value of the Other observable Non-observable Measurement at fair value of instruments asset for identified assets significant inputs significant inputs on a recurring basis using Fair value (Level 1) (Level 2) (Level 3) MCh$ MCh$ MCh$ MCh$ Assets Financial instruments at fair value through profit or loss 472,283 390,870 28,207 53,206 Central Bank of Chile and Government securities 160,751 160,751 — — Other securities issued locally 22,877 — 22,877 — Foreign government and Central Bank instruments 182,268 182,268 — — Other securities issued abroad 4,658 — 4,658 — Investments in mutual funds 47,598 47,598 — — Financial assets not held for trading valued mandatorily at fair value through profit or loss 53,206 — — 53,206 Other financial instruments at FVTPL 925 253 672 — Financial instruments at fair value through other comprehensive income 3,735,290 3,211,578 282,036 92,182 Central Bank of Chile and Government securities 2,971,905 2,971,905 — — Other securities issued locally 205,358 — 205,358 — Foreign government and Central Bank instruments 311,319 161,825 — — Other securities issued abroad 232,350 77,848 62,320 92,182 Other investments at FVOCI 14,358 — 14,358 — Financial derivative contracts 3,756,340 — 3,738,357 35,966 Forwards 488,261 — 487,602 17,983 Swaps 3,267,426 — 3,250,102 659 Call options 653 — 653 17,324 Put options — — — — Totals Assets 7,963,913 3,602,448 4,048,600 181,354 Liabilities Financial derivative contracts 3,644,874 — 3,644,711 326 Forwards 530,445 — 530,388 163 Swaps 3,113,516 — 3,113,410 57 Call options 403 — 403 106 Put options 510 — 510 — Totals Liabilities 3,644,874 — 3,644,711 326 Note 35 – Fair Value of Financial Assets and Liabilities, continued As of December 31, 2021 Market value of the Other observable Non-observable Measurement at fair value of instruments asset for identified assets significant inputs significant inputs on a recurring basis using Fair value (Level 1) (Level 2) (Level 3) MCh$ MCh$ MCh$ MCh$ Assets Financial instruments at fair value through profit or loss 332,724 322,913 9,811 — Central Bank of Chile and Government securities 50,743 50,743 — — Other securities issued locally 111 — 111 — Foreign government and Central Bank instruments 232,083 232,083 — — Other securities issued abroad 8,824 — 8,824 — Investments in mutual funds 39,842 39,842 — — Other financial instruments at FVTPL 1,121 245 876 — Financial instruments at fair value through other comprehensive income 3,660,450 2,639,091 1,021,359 — Central Bank of Chile and Government securities 2,325,668 2,325,668 — — Other securities issued locally 138,845 — 138,845 — Foreign government and Central Bank instruments 45,386 45,386 — — Other securities issued abroad 366,487 261,334 105,153 — Other investments at FVOCI 784,064 6,703 777,361 — Financial derivative contracts 2,980,926 — 2,962,174 18,752 Forwards 382,206 — 380,210 1,996 Swaps 2,598,071 — 2,581,315 16,756 Call options 649 — 649 — Put options — — — — Totals Assets 6,974,100 2,962,004 3,993,344 18,752 Liabilities Financial derivative contracts 2,925,587 — 2,924,710 877 Forwards 391,049 — 390,414 635 Swaps 2,534,164 — 2,533,922 242 Call options 343 — 343 — Put options 31 — 31 — Totals Liabilities 2,925,587 — 2,924,710 877 Transfers between level 1 and 2 As of December 31, 2022 and 2021 no transfers were observed between Level 1 and Level 2, as shown below As of December 31, Measurement at fair value of instruments 2022 that are valued recurrently Fair value Level 1 to 2 Level 2 to 1 MCh$ MCh$ MCh$ Assets Financial instruments at fair value through profit or loss 472,283 — — Financial instruments at fair value through other comprehensive income 3,735,290 — — Financial derivative contracts 3,756,340 — — Totals Assets 7,963,913 — — Liabilities Financial derivative contracts 3,644,874 — — Totals Liabilities 3,644,874 — — Note 35 – Fair Value of Financial Assets and Liabilities, continued As of December 31, Measurement at fair value of instruments 2021 that are valued recurrently Fair value Level 1 to 2 Level 2 to 1 MCh$ MCh$ MCh$ Assets Financial instruments at fair value through profit or loss 332,724 — — Financial instruments at fair value through other comprehensive income 3,660,450 — — Financial derivative contracts 2,980,926 — — Totals Assets 6,974,100 — — Liabilities Financial derivative contracts 2,925,587 — — Totals Liabilities 2,925,587 — — Disclosures Regarding Level 3 - Transfer from /to Level 3 of Assets and Liabilities During 2022 and 2021, no assets were transferred from/to level 3 from/to levels 1 and 2. Disclosures Regarding Level 3 Assets and Liabilities Level 3 assets and liabilities are valued using techniques that require inputs that are not observable on the market, for which the income approach is used to convert future amounts to present amounts. This category includes: ● Financial derivative instruments indexed to the TAB rate. This rate is comprised of an interbank rate and a liquidity premium charged to financial institutions and is determined using a short-rate model with mean reversion. ● American forward options. ● Financial assets whose contractual cash flows have not met the conditions of the SPPI test, ● Corporate bond whose data are not observable in the market. As none of these products has a market, the Bank uses financial engineering valuation techniques that use unobservable variables. These techniques use the following inputs: transaction prices from the main financial instrument markets and assumptions that Management believes are commonly used by the financial services industry. Using this information, unobservable variables are constructed such as: adjustment curves, spreads, volatilities and other variables necessary for the valuation. Lastly, all of the models are subject to internal contrasts by independent areas and have been reviewed by internal auditors and regulators. None of these products generate significant impacts on the Bank’s results as a result of recalibration. The American Forward is only offered for the US dollar-Chilean peso market and until now, given the important differential between these interest rates, the product behaves like a traditional forward. The TAB swap does not have significant impacts on the valuation as the modeled liquidity premiums have a quick mean reversion for the short part and low volatility for the long part, concentrating on the book’s sensitivity in the longest part of the curve. Note 35 – Fair Value of Financial Assets and Liabilities, continued The following table reconciles assets and liabilities measured at fair value on a recurring basis as of December 31, 2022 and 2021. As of December 31, 2022 Gain (loss) Gain (loss) Purchases, Transfers Opening recognized in recognized in sales and from level 1 Ending Level 3 reconciliation balance profit or loss equity agreements or level 2 balance MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Assets Financial instruments at fair value through profit or loss Financial assets not held for trading valued mandatorily at fair value through profit or loss — (442) — 53,648 — 53,206 Financial instruments at fair value throught other comprehensive income Other securities issued abroad — — (8,925) 101,107 — 92,182 Financial derivative contracts Forwards 1,996 (273) — (1,064) — 659 Swaps 16,756 3,620 — (3,052) — 17,324 Totals Assets 18,752 2,905 (8,925) 150,639 — 163,371 Liabilities Financial derivative contracts Forwards 635 (460) — (118) — 57 Swaps 242 (1,524) — 1,388 — 106 Totals Liabilities 877 (1,984) — 1,270 — 163 As of December 31, 2021 Gain (loss) Gain (loss) Purchases, Transfers Opening recognized in recognized in sales and from level 1 Ending Level 3 reconciliation balance profit or loss equity agreements or level 2 balance MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Assets Financial instruments at fair value through profit or loss Financial assets not held for trading valued mandatorily at fair value through profit or loss — — — — — — Financial instruments at fair value throught other comprehensive income Other securities issued abroad — — — — — — Financial derivative contracts Forwards 3,576 1,789 — (3,369) — 1,996 Swaps 23,689 (1,437) — (5,496) — 16,756 Totals Assets 27,265 352 — (8,865) — 18,752 Liabilities Financial derivative contracts Forwards 116 2,331 — (1,812) — 635 Swaps 724 (2,751) — 2,269 — 242 Totals Liabilities 840 (420) — 457 — 877 Note 35 – Fair Value of Financial Assets and Liabilities, continued Hierarchy for remaining assets and liabilities The following table classifies assets and liabilities measured at fair value on a non-recurring basis, in accordance with the fair value hierarchy as of December 31, 2022 and 2021: As of December 31, 2022 Market value of the Other observable Non-observable Estimated fair asset for identified significant inputs significant inputs Measurement at fair value of items on a non-recurring basis value assets (Level 1) (Level 2) (Level 3) MCh$ MCh$ MCh$ MCh$ Assets Cash and deposits in banks 3,058,752 3,058,752 — — Cash items in process of collection 494,994 494,994 — — Loans and accounts receivable at amortized cost 25,711,811 — — 26,405,529 Financial instruments at amortized cost 1,013,943 925,277 — — Investments under resale agreements 162,774 162,774 — — Interbank loans, net 46,122 46,122 — — Totals Assets 30,488,396 4,687,919 — 26,405,529 Liabilities Deposits and other demand liabilities 5,555,185 5,555,185 — — Cash in process of being cleared 456,957 456,957 — — Obligations under repurchase agreements 354,088 354,088 — — Time deposits and other time liabilities 12,703,653 — 12,628,648 — Interbank borrowings 4,728,323 4,714,722 — — Debt instruments issued 6,547,807 — 6,360,361 — Financial instruments of regulatory capital issued 1,263,169 — 1,417,784 — Lease contract liabilities 94,575 94,575 — — Other financial liabilities 359,573 359,573 — — Totals Liabilities 32,063,330 11,535,100 20,406,793 — As of December 31, 2021 Market value of the Other observable Non-observable Estimated fair asset for identified significant inputs significant inputs Measurement at fair value of items on a non-recurring basis value assets (Level 1) (Level 2) (Level 3) MCh$ MCh$ MCh$ MCh$ Assets Cash and deposits in banks 3,473,392 3,473,392 — — Cash items in process of collection 438,496 438,496 — — Loans and accounts receivable at amortized |
Risk management
Risk management | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Risk management | Note 36 – Risk management The Bank and its subsidiaries, through their activity, are exposed to several types of risk mainly related to loans portfolio and financial instruments. Risk management policies are established in order to identify and analyze the risks faced by the Bank, set limits and adequate controls, monitor risks and comply with limits. The risk management policies and risk administration structures are reviewed periodically in order to reflect changes in the institution’s activities. The Bank, through its rules and procedures, intends to develop an appropriate control environment, in which all employees understand their roles and responsibilities The following is a description of the main business activities and policies of the Bank in terms of risk management. A) Risk Management Structure i) Board of Directors In the Bank and its Subsidiaries, the Board of Directors plays a prominent role in corporate governance. It is responsible for establishing and monitoring the Bank’s risk management structure, for which it has a corporate governance system aligned with international best practices and Chilean regulations, mainly from the CMF. One of its main functions is to ensure the existence of measures that allow senior management to be supervised, evaluated and guided so that their actions are in line with best practices and defined levels of risk appetite. To this end, a governance structure has been created made up of various committees and internal standards. These committees and standards establish behavioral guidelines for the Bank’s employees and help them perform their functions related to risk control and management. ii) Audit Committee The Audit Committee is responsible for monitoring the control environment and the effectiveness and efficiency of the company’s internal control systems as well as the compliance with regulations and internal standards, including oversight of the internal audit unit. The Audit Committee is also responsible for proposing to the Directors’ Committee a list of external auditors and risk rating agencies for the Bank and subsidiaries. In addition, the Audit Committee shall be responsible for supervising the different aspects that have to do with the maintenance, application and operation of the Bank’s internal controls, and shall be responsible also for closely monitoring compliance with the standards and procedures that govern its practice. It must also have a clear understanding of the risks that the Bank’s business may pose to the institution and their mitigation. To establish a link with the Audit Committee, the Board of Directors will appoint at least two of its members to this Committee. These members must inform the Board of Directors of the situations and facts the Committee is dealing with, thus committing the responsibility of the Bank’s directors, both in self-control policies that are established and practiced by the institution, as well as in the compliance with the legal and regulatory standards to which the Bank is subject. The Audit Committee must reinforce and support both the role of the Bank’s Internal Audit (also called Internal Comptroller in the CMF regulations) and its independence from management, and act as a liaison and coordinator of the tasks between the internal audit and the external auditors, acting as a liaison between the latter and the Bank’s Board of Directors. ii) Director’s Committee The purpose of the Directors Committee is to make the self-regulation of the Bank and other entities within the scope of its competence stronger, thus making the performance of the Board of Directors more efficient by incorporating greater oversight over the activities carried out by management. Note 36 – Risk management, continued It will also be responsible for adopting the necessary resolutions to protect shareholders, especially minority shareholders, examining executive compensation systems and approving related party transactions. In its role as overseer of corporate activity, the Directors’Committee must inform the market in the event of violations or major corporate events, as well as transactions that the company carries out with parties related to the controlling shareholder or takeovers in any form. iv) Integral Risk Management Committee The objective of this Committee is to propose, and support the Board of Directors in, the definition of the risk appetite and the general policy framework that allows an adequate alignment with the Bank’s global strategy. Oversee the correct identification, measurement and control of all risks, allocate capital to identified risks and meet regulatory requirements. v) Superior Asset and Liabilities Committee (ALCO) After the Board of Directors and its specialized committees, the Assets and Liabilities Committee (hereinafter, also “ALCO”) is the highest body involved in the management of the institution’s financial policies. The main objective of the Commission is to follow the financial guidelines established by the Board of Directors. In this regard, it must approve and supervise the financial strategies that guide the Bank in terms of the composition of its assets and liabilities, cash inflows and outflows, and transactions with financial instruments. It must ponder the various alternatives available to make decisions that ensure the highest and most sustainable profitability with financial risk levels compatible with the business, current regulations and internal standards. vi) Superior Anti-Money Laundering and Anti-Terrorism Finance Prevention Committee The main purpose of this Committee is to plan and coordinate the activities of compliance with the policies and procedures for anti-money laundering and prevention of funding of terrorism, to pay attention to the work carried out by the Compliance Officer, in accordance with the applicable regulations in force, as well as to adopt agreements aimed at obtaining improvements to the prevention and control measures proposed by the Compliance Officer. vii) Superior Operational Risk Committee The purpose of this Committee is to identify, understand and evaluate the risks involved in the Bank’s processes and businesses and to define operational risk management guidelines for the Bank and evaluate the results of the audit and compliance systems. It is also responsible for defining the operational risk management framework and the structure and policies for the identification, measurement, evaluation and monitoring of risk and business continuity. In addition, it reviews the follow-up and adequacy of regulatory commitments and emerging regulations. Evaluate the status of critical processes that are directly related to the Bank’s operational risk, according to the current regulations of the Commission for the Financial Market, in order to detect and correct the deficiencies that may be affecting the Bank and ensure proper implementation of regulatory changes. Note 36 – Risk management, continued The goal is to ensure that critical processes run under a control environment that allows the Bank to operate with stability and consistency, achieving the objectives consisting in confidentiality, integrity and availability of information resources. viii) Ethics and Compliance Committee The main purpose of this Committee is to define, promote and ensure high standards of professional and personal excellence in the behavior of all Banco Itaú Chile employees, its local subsidiaries, and the representation office in Peru (the “Representation Office”). This Committee must always be guided by corporate principles and values that reflect Banco Itaú Chile vision, philosophy and good business practices. The Committee must evaluate, and make decisions on, issues of conduct and ethics in business and operations. Monitor and examine compliance with policies and procedures related to the ethical conduct of the Bank’s employees and suppliers. Also, ensure the application of the Regulatory Compliance Model within the framework of the definitions established by this Committee; pay attention to the work performed by the Compliance Officer and the AML in these matters; and make agreements to obtain improvements to the control measures proposed by the Compliance Officer. The Committee must promote, and may request, information from the international units, through the Compliance & AML Sub-Management, on the matters discussed herein, in order to align the ethical and regulatory standards across the Banco Itaú Chile Group entities. ix) Senior Capital Management Commission The Senior Capital Management Commission was created to assist the Board of Directors and the Bank’s management in the evaluation and management of market and liquidity risks, earnings, and capital adequacy, in accordance with the economic principles and standards established in local regulations, and in Basel I, II and III as applicable, in order to provide oversight and management of market and liquidity risks, accounting management and capital principles, to review the effectiveness of risk and capital policies and limits, and to review compliance with risk, liquidity and capital policies and procedures in the company. x) Senior Credit Commission The purpose of this Commission is to resolve the transactions and matters submitted to its knowledge, under the defined limits and procedures, ensuring the application of and compliance with the current credit risk policies defined by Banco Itaú Chile (the “Bank”). xi) Senior Wholesale Credit Commission The objective of the Senior Wholesale Credit Commission is to monitor the evolution of the Bank’s wholesale portfolios in terms of their risk-return ratio, the adjustment to the risk appetite defined by the Bank and the status of progress of the short and long term strategies or instructions defined by this Commission. Analyze the behavior of the wholesale portfolio, elinquency, cost of credit, industry or economic groups oncentrations and watchlist. Evaluate debt collection management and strategy, collateral structure and market benchmarks. Discuss and propose credit and credit appetite policies for the wholesale segment. Identify emerging portfolio risks and prioritize mitigation initiatives. Note 36 – Risk management, continued (xii) Senior Retail Credit Commission The objective of the Higher Retail Credit Commission is to monitor the evolution of the Bank’s retail portfolio in terms of its risk-return ratio, the adjustment to the risk appetite defined by the Bank and the status of progress of the short and long term strategies or instructions defined by this Commission. In this regard, the Commission must consider in its analysis the competition, the movements of the most relevant players and the main risks that may affect portfolio management, as well as the projects that have an impact on this matter. xiii) Model Evaluation Technical Commission The purpose of this Commission is to analyze and propose the credit risk, financial risk and operational risk management models according to the different levels determined by the Models Policy. xiv) Internal Audit Corporate Management The main function of Internal Audit is to assist the Board of Directors and Senior Management by independently evaluating the maintenance, implementation and proper operation of the Bank’s internal control system, which also involves the oversight of compliance with standards and procedures. xv) Code of Conduct and Market Information Manual Our clients’ trust is critical to our success. Therefore, all employees and directors must strive to preserve this trust by strictly complying with the General Code of Conduct. B) Main Risks and Requirements Affecting the Bank and its Subsidiaries: i) Credit risk Credit risk is the risk that a client or a counterparty fails to meet its contractual obligations, resulting in a financial loss for the Bank. The Bank’s main income-generating activity is lending to customers, so credit risk is one of the main risks to be managed. Credit risk arises primarily from loans and advances to customers and other banks (including related loan commitments such as loan or credit card facilities), investments in debt securities and derivatives that constitute an asset position. The Bank takes into account all the elements of exposure to credit risk, such as counterparty default risk, geographic risk and sectoral risk, for the purposes of its management. Credit risk management The Bank’s credit committee is responsible for managing the Bank’s credit risk by: - Ensure that the Bank has appropriate credit risk practices, including an effective internal control system, to systematically determine adequate provisions in accordance with the policies and procedures established by the Bank, IFRS and supervisory guidance relevant. - Identify, assess and measure credit risk across the Bank, from an individual instrument to a portfolio level. - Create credit policies to protect the Bank against identified risks, including the requirement to obtain guarantees from borrowers, perform a solid ongoing credit assessment of borrowers and continuously monitor exposures against internal risk limits. Note 36 – Risk management, continued - Limit concentrations of exposure by type of asset, counterparties, sector, credit rating, geographic location, etc. - Establish a solid control framework in relation to the authorization structure for the approval and renewal of lines of credit. - Develop and maintain the Bank’s risk classification to categorize exposures according to the degree of default risk. The degrees of risk are subject to periodic review. - Develop and maintain the Bank’s processes to measure the Expected Credit Loss “ECL”, including credit risk monitoring, the incorporation of prospective information and the method used to measure ECL. - Ensure that the Bank has policies and procedures to properly maintain and validate the models used to assess and measure PCE. - Provide advice, guidance and expertise to business units to promote best practices across the Bank in credit risk management. Significant increase in credit risk The Bank analyzes all data collected using statistical models and estimates the remaining lifetime PD of exposures and how these are expected to change over time. The factors taken into account in this process include macro-economic data such as GDP growth, unemployment, benchmark interest rates, among others. The Bank generates a ‘base case’ scenario of the future direction of relevant economic variables as well as a representative range of other possible forecast scenarios. The Bank then uses these projections to macroeconomically adjust its estimated PD and LGD parameters. Under the Bank’s monitoring procedures a significant increase in credit risk is identified before the exposure has defaulted, and at the latest when the exposure becomes 30 days past due, unless the Bank has reasonable and supportable information that demonstrates otherwise. In 2022, the measures considered for the determination of the SICR contemplate differentials of PD between origination and reference. The quantitative criteria are used to identify where an exposure has increased in credit risk and it is applied based on whether an increase in the lifetime PD since the recognition date exceeds the threshold set in absolute and relative terms. The following formulas are used to determine such thresholds: Relative comparison formula Threshold = Lifetime PD (at reporting date) Lifetime PD (at origination) Absolute comparison formula Threshold = Lifetime PD (at reporting date) – Lifetime PD (at origination) Note 36 – Risk management, continued Criteria used for Chile Type of portfolio Debtor category Stages Days of arrears to the end of the month A1, A2, A3, A4 Stage 1 Up to 29 days Individual A5 (1) Stage 1 Up to 29 days A6, B1, B2, B3, B4 Stage 2 From 30 to 89 days C1, C2, C3, C4, C5, C6 Stage 3 90 days or more (1) Loans originated in A5 are considered Stage 1 at inception. Loans that were originated in a higher category and subsequently downgraded to A5 are considered Stage 2. Days of arrears to the end of the month, probability of default (PD) and Type of portfolio Portfolio Stages qualitative considerations Stage 1 Up to 29 days CAE Stage 2 From 30 to 89 days or (relative difference between referential and origination PD’s>=1.0657 and absolute difference between referential and origination PD’s>= 0.0424 ) Stage 3 90 days or more Stage 1 Up to 29 days Condell / Restructured Condell Stage 2 (Condell) From 30 to 89 days or (relative difference between referential and origination PD’s>= 1.9908 and absolute difference between referential and origination PD’s>= 0.0374 ) Stage 2 (Restructured Condell) From 30 to 89 days or (relative difference between referential and origination PD’s>=1.4144 and absolute difference between referential and origination PD’s>=0.1241 ) Stage 3 90 days or more Stage 1 Up to 29 days Commercial/ Stage 2 (Commercial) From 30 to 89 days or (relative difference between referential and origination PD’s>=2.2795 and absolute difference between referential and origination PD’s>=0.0332 ) Collective Stage 2 (Rotative Commercial) From 30 to 89 days or (relative difference between referential and origination PD’s>=1.2206 and absolute difference between referential and origination PD’s>=0.0272 ) Stage 3 90 days or more Stage 1 Up to 29 days Stage 2 (Consumer) From 30 to 89 days or (relative difference between referential and origination PD’s>=1.8048 and absolute difference between referential and origination PD’s>=0.0964 ) Consumer/ Stage 2 (Renegotiated Consumer) From 30 to 89 days or (relative difference between referential and origination PD’s>=1.2284 and absolute difference between referential and origination PD’s>=0.0285 ) Stage 2 (Rotative Consumer) From 30 to 89 days or (relative difference between referential and origination PD’s>=1.2291 and absolute difference between referential and origination PD’s>=0.0518 ) Stage 3 90 days or more Stage 1 Up to 29 days Mortgage Stage 2 From 30 to 89 days or (relative difference between referential and origination PD’s>=1.9634 and absolute difference between referential and origination PD’s>=0.0439 ) Stage 3 90 days or more Note 36 – Risk management, continued Criteria used for Colombia % of absolute increase in % of relative increase Qualitative lifetime PD in lifetime PD indicators assessed Corporate portfolio Debt restructuring and increase in credit risk of other financial instruments Other loans not classified 38.01 % 2,400.63 % Small company 1 23.19 % 1,227.37 % Small company 2 43.75 % 357.60 % Medium company 1 10.22 % 612.32 % Medium company 2 3.48 % 322.20 % Large company 0.06 % 467.28 % Low default 2.25 % 401.43 % Low default (Government and Financial) 7.05 % 358.10 % Collective portfolio Increase in credit risk of other financial instruments Leasing 73.53 % 1,686.43 % Payroll deductible loan 2.37 % 695.80 % Revolving line of credit 43.14 % 169.77 % Overdraft limit 0.58 % 153.59 % Credit card 51.39 % 232.63 % Mortgage loan 2.29 % 64.64 % Personal debt restructuring 25.08 % 39.23 % Other loans 41.69 % 108.03 % Loan commitments are assessed along with the category of loan the Bank is committed to provide, i.e. commitments to provide mortgages are assessed using similar criteria to mortgage loans, while commitments to provide a corporate loan are assessed using similar criteria to corporate loans. The Bank has monitoring procedures in place to make sure that the criteria used to identify significant increases in credit risk are effective, meaning that significant increases in credit risk are identified before the exposure is defaulted or when the asset becomes 30 days past due. The Bank performs periodic back-testing of its ratings to consider whether the drivers of credit risk that led to default were accurately reflected in the rating in a timely manner. Incorporation of forward-looking information The Bank uses forward-looking information that is available without undue cost or effort in its assessment of significant increase of credit risk as well as in its measurement of ECL. The Bank employs experts who use external and internal information to generate a ‘base case’ scenario of future forecast of relevant economic variables along with a representative range of other possible forecast scenarios. The external information used includes economic data and forecasts published by governmental bodies and monetary authorities. The Bank applies probabilities to the forecast scenarios identified. The base case scenario is the single most-likely outcome and consists of information used by the Bank for strategic planning and budgeting. The Bank has identified and documented key drivers of credit risk and credit losses for each portfolio of financial instruments and, using a statistical analysis of historical data, has estimated relationships between macro-economic variables and credit risk and credit losses. The Bank has not made changes in the estimation techniques or significant assumptions made during the reporting period. Note 36 – Risk management, continued The table below summarizes the principal macroeconomic indicators included in the economic scenarios used as of December 31, 2022 until December 31, 2023 in the countries where the Bank and its subsidiaries operate and therefore are the countries that have a material impact on ECLs. Criteria for Chile 2022 2023 2024 Indicators Portfolio Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Unemployment rate Base scenario 8.39% 8.61% 8.89% 9.12% 9.27% 8.89% 8.44% 8.11% 7.99% Range of upside scenarios 9.28% 9.69% 10.01% 10.17% 10.33% 10.47% 10.20% 9.80% 9.47% Range of downside scenarios 8.14% 8.31% 8.49% 8.62% 8.67% 8.14% 7.54% 7.11% 7.04% Consumer’s price index (IPC) Base scenario 129.08 131.25 132.52 133.62 134.68 135.63 136.31 137.44 138.77 Range of upside scenarios 129.59 132.60 135.24 137.29 138.01 139.19 141.12 142.88 143.53 Range of downside scenarios 128.79 129.29 130.00 131.90 132.65 132.53 132.79 134.91 135.96 Interbank interest rate Base scenario 11.25% 11.25% 10.75% 9.00% 7.00% 5.25% 4.25% 4.00% 4.00% Range of upside scenarios 11.25% 12.00% 12.00% 11.00% 9.50% 8.00% 6.75% 6.00% 5.50% Range of downside scenarios 11.25% 9.75% 7.75% 5.75% 4.50% 3.50% 3.25% 3.25% 3.25% Exchange Rate (USD/CLP) Base scenario 3.77 3.68 3.58 3.49 3.40 3.40 3.40 3.40 3.40 Range of upside scenarios 3.41 3.25 3.08 2.91 2.75 2.78 2.82 2.86 2.89 Range of downside scenarios 4.47 4.34 4.22 4.09 3.97 3.93 3.89 3.85 3.81 Criteria for Colombia As of December 31, 2022 2023 2024 GDP growth Base scenario 2.32 0.90 3.24 Range of upside scenarios 3.82 2.40 4.74 Range of downside scenarios 0.52 (0.90) 1.44 Unemployment rates Base scenario 9.63 11.28 11.36 Range of upside scenarios 8.48 10.07 10.12 Range of downside scenarios 10.79 12.48 12.60 Benchmark interest rates Base scenario 11.50 9.00 5.00 Range of upside scenarios 13.00 10.50 6.50 Range of downside scenarios 10.50 8.00 4.00 currency exchange rate Base scenario 4,700 4,800 4,690 Range of upside scenarios 4,586 4,565 4,334 Range of downside scenarios 4,814 5,035 5,046 Consumer’s Price Index Base scenario 11.80 7.20 3.50 Range of upside scenarios 12.10 7.86 4.52 Range of downside scenarios 11.50 6.54 2.48 Predicted relationships between the key indicators and default and loss rates on various portfolios of financial assets have been developed based on analyzing historical data over the past 3 years. Note 36 – Risk management, continued Sensitivity analysis The most significant assumptions affecting the ECL allowance, as indicated in the tables above by country, are as follows: Chile: ● Unemployment rate, given its impact on secured and unsecure borrowers’ ability to meet their contractual repayments. ● Consumer’s Price Index (IPC), given its impact on housing prices, mortgage collateral valuations, and consumers purchasing power ● Interbank interest rate, given its impact on companies’ likelihood of default ● Copper Price, given its impact on national economy Colombia: ● GDP growth, given the significant impact on companies’ performance and collateral valuations ● Unemployment rates, given its impact on secured and unsecure borrowers’ ability to meet their contractual repayments. ● Interest rate, given its impact on companies’ likelihood of default ● Exchange rates, given its impact on companies’ financial position and debt ● Consumer’s Price Index (IPC), given its impact on housing prices and consumers purchasing power Set out below are the changes to ECL as of December 31, 2022 that would result from reasonably possible changes in these parameters from the actual assumptions used in the Bank’s economic variable assumptions as set forth in the tables above for Base scenarios, upside scenarios, and downside scenarios. ECL coverage of loans and accounts receivable at amortized cost subject to significant measurement uncertainty as of December 31, 2022 Chile Colombia MCh$ MCh$ Reported ECL 713,815 182,158 Loans and accounts receivable at amortized cost 22,633,393 3,974,392 Reported Coverage (Reported ECL/ loans and accounts receivable at amortized cost) % 3.15 5.93 Consensus upside scenario (Upside scenario for ECL/ loans and accounts receivable at amortized cost) % 3.20 5.74 Consensus central scenario (Base scenario for ECL/ loans and accounts receivable at amortized cost) % 3.24 5.93 Consensus downside scenario (Downside scenario for ECL/ loans and accounts receivable at amortized cost) % 3.31 6.11 ECL coverage rates reflect the underlying observed credit defaults, the sensitivity to economic environment, extent of collateral and the effective maturity of the book. Note 36 – Risk management, continued Measurement of ECL The key inputs used for measuring ECL are: ● probability of default (PD); ● loss given default (LGD); and ● exposure at default (EAD). As explained above these figures are generally derived from internally developed statistical models and other historical data and they are adjusted to reflect probability-weighted forward-looking information. PD is an estimate of the likelihood of default over a given time horizon. It is estimated as at a point in time. The calculation is based on statistical rating models, and assessed using rating tools tailored to the various categories of counterparties and exposures. These statistical models are based on market data (where available), as well as internal data comprising both quantitative and qualitative factors. PDs are estimated considering the contractual maturities of exposures and estimated prepayment rates. The estimation is based on current conditions, adjusted to take into account estimates of future conditions that will impact PD. LGD is an estimate of the loss given on default. It is based on the difference between the contractual cash flows due and those that the lender would expect to receive, taking into account cash flows from any collateral. The LGD models for secured assets consider forecasts of future collateral valuation taking into account sale discounts, time to realization of collateral, cross-collateralization and seniority of claim, cost of realization of collateral and cure rates (i.e. exit from non-performing status). LGD models for unsecured assets consider time of recovery, recovery rates and seniority of claims. The calculation is on a discounted cash flow basis, where the cash flows are discounted by the current interest rate. EAD is an estimate of the exposure at a future default date, taking into account expected changes in the exposure after the reporting date, including repayments of principal and interest, as well as expected drawdowns on committed facilities. The Bank’s modelling approach for EAD reflects expected changes in the balance outstanding over the lifetime of the loan exposure that are permitted by the current contractual terms, such as amortization profiles, early repayment or overpayment, changes in utilization of undrawn commitments and credit mitigation actions taken before default. The Bank uses EAD models that reflect the characteristics of the portfolios. The Bank measures ECL considering the risk of default over the maximum contractual period (including extension options) over which the entity is exposed to credit risk and not a longer period, even if contact extension or renewal is common business practice. However, for financial instruments such as credit cards, revolving credit facilities and overdraft facilities that include both a loan and an undrawn commitment component, the Bank’s contractual ability to demand repayment and cancel the undrawn commitment does not limit the Bank’s exposure to credit losses to the contractual notice period. For such financial instruments the Bank measures ECL over the period that it is exposed to credit risk and ECL would not be mitigated by credit risk management actions, even if that period extends beyond the maximum contractual period. These financial instruments do not have a fixed term or repayment structure and have a short contractual cancellation period. However, the Bank does not enforce in the normal day-to-day management the contractual right to cancel these financial instruments. This is because these financial instruments are managed on a collective basis and are canceled only when the Bank becomes aware of an increase in credit risk at the facility level. This longer period is estimated taking into account the credit risk management actions that the Bank expects to take to mitigate ECL, e.g. reduction in limits or cancellation of the loan commitment. Note 36 – Risk management, continued The measurement of ECL is based on probability weighted average credit loss. As a result, the measurement of the loss allowance should be the same regardless of whether it is measured on an individual basis or a collective basis (although measurement on a collective basis is more practical for portfolios with large numbers of loans). The assessment of significant increases in credit risks may at times be made on a collective basis asnoted below. Credit quality A detail by credit quality, which includes loans and accounts receivable from customers and interbank loans as of December 31, 2022 and 2021 is summarized as follows: As of December 31, 2022 Corporate Stage 1 Stage 2 Stage 3 Totals corporate Percentage Stage 1 Stage 2 Stage 3 Totals allowance Percentage MCh$ MCh$ MCh$ MCh$ % MCh$ MCh$ MCh$ MCh$ % A1 164,599 — — 164,599 0.62% (58) — — (58) 0.01% A2 1,283,846 — — 1,283,846 4.78% (432) — — (432) 0.05% A3 2,646,632 — — 2,646,632 9.86% (5,208) — — (5,208) 0.58% A4 4,828,668 — — 4,828,668 17.99% (36,522) — — (36,522) 4.08% A5 2,611,905 — — 2,611,905 9.73% (46,620) — — (46,620) 5.20% A6 834,088 35,084 — 869,172 3.24% (16,575) — — (16,575) 1.85% B1 — 395,348 — 395,348 1.47% — (6,383) — (6,383) 0.71% B2 — 94,155 — 94,155 0.35% — (8,412) — (8,412) 0.94% B3 — 101,704 — 101,704 0.38% — (4,627) — (4,627) 0.52% B4 — 86,054 — 86,054 0.32% — (11,805) — (11,805) 1.32% C1 — — 170,088 170,088 0.63% — — (3,403) (3,403) 0.38% C2 — — 31,602 31,602 0.12% — — (3,160) (3,160) 0.35% C3 — — 249,441 249,441 0.93% — — (62,360) (62,360) 6.96% C4 — — 186,982 186,982 0.70% — — (74,793) (74,793) 8.35% C5 — — 24,279 24,279 0.09% — — (15,782) (15,782) 1.76% C6 — — 48,415 48,415 0.18% — — (43,574) (43,574) 4.86% Subtotals corporate 12,369,738 712,345 710,807 13,792,890 51.39% (105,415) (31,227) (203,072) (339,714) 37.92% As of December 31, 2021 Corporate Stage 1 Stage 2 Stage 3 Totals corporate Percentage Stage 1 Stage 2 Stage 3 Totals allowance Percentage MCh$ MCh$ MCh$ MCh$ % MCh$ MCh$ MCh$ MCh$ % A1 104,887 — — 104,887 0.42% (45) — — (45) 0.01% A2 623,613 — — 623,613 2.52% (3 |
Maturity of assets and liabilit
Maturity of assets and liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Maturity of assets and liabilities | Note 37 - Maturity of assets and liabilities The main assets grouped by maturity, including interest accrued as of December 31, 2022 and 2021, are detailed as follows: As of December 31, 2022 Over 1 month Over 3 months Over between On demand Up to less than up to 1 and Over 3 up to More than Total 1 month 3 months 1 year 3 years 5 years 5 years MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Assets Cash and deposits in banks 3,058,752 — — — — — — 3,058,752 Cash in process of collection 494,994 — — — — — — 494,994 Financial instruments at fair value through profit or loss — 70,691 114,966 27,045 108,572 34,187 116,822 472,283 Financial instruments at fair value through other comprehensive income — 373,392 35,143 2,703,627 347,255 80,034 195,839 3,735,290 Loans and accounts receivable from customers at amortized cost (2) 763,244 2,445,096 2,899,311 5,420,706 4,500,613 2,968,541 7,610,274 26,607,785 Commercial loans 254,229 2,239,491 2,533,861 4,314,030 2,939,871 1,767,626 2,407,913 16,457,021 Mortgage loans 4,454 46,031 89,558 342,707 838,428 796,516 4,912,916 7,030,610 Consumer loans 504,561 159,574 275,892 763,969 722,314 404,399 289,445 3,120,154 Financial instruments at amortized cost — (141,884) 16,105 127,091 731,179 237,965 43,487 1,013,943 Investments under resale agreements — 150,490 12,284 — — — — 162,774 Financial derivative contracts held for hedge accounting — 15,162 15,813 66,337 9,476 17,809 13,951 138,548 Financial derivatives contracts held for trading — 194,495 189,086 464,743 769,906 566,391 1,433,171 3,617,792 Interbank loans (1) — 20,433 8,261 17,428 — — — 46,122 Subtotal 4,316,990 3,127,875 3,290,969 8,826,977 6,467,001 3,904,927 9,413,544 39,348,283 Liabilities Cash in process of being cleared 456,947 — — — — — — 456,947 Obligations under repurchase agreements — 354,074 14 — — — — 354,088 Deposits and other demand liabilities 5,555,185 — — — — — — 5,555,185 Time deposits and other time liabilities 314,829 4,738,021 3,079,014 3,260,930 762,345 164,548 383,966 12,703,653 Financial derivative contracts held for hedge accounting — 461 97,331 25,204 12,878 24,076 58,783 218,733 Financial derivatives contracts held for trading — 211,116 157,721 471,691 743,983 550,042 1,291,588 3,426,141 Interbank borrowings — 246,742 241,425 1,135,442 2,979,900 37,550 87,264 4,728,323 Lease obligations — 2,008 3,667 16,416 39,249 22,807 10,428 94,575 Debt instruments issued — 100 (4,470) 326,101 1,354,462 1,525,199 3,346,415 6,547,807 Financial instruments of regulatory capital issued — — 18,754 — 147,150 — 1,097,265 1,263,169 Other financial liabilities — 126,090 97,153 89,654 46,676 — — 359,573 Subtotal 6,326,961 5,678,612 3,690,609 5,325,438 6,086,643 2,324,222 6,275,709 35,708,194 (1) Interbank loans are presented gross. The amount of allowances corresponds to MCh$320. (2) Loans and accounts receivable from customers at amortized cost are presented gross. Allowances by loan type are detailed as follows: Commercial Note 37 - Maturity of assets and liabilities, continued As of December 31, 2021 Over 1 month Over 3 months Over between On demand Up to less than up to 1 and Over 3 up to More than Total 1 month 3 months 1 year 3 years 5 years 5 years MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Assets Cash and deposits in banks 3,473,792 — — — — — — 3,473,792 Cash in the process of collection 438,496 — — — — — — 438,496 Financial instruments at fair value through profit or loss — 95,418 50,828 405 34,355 85,360 66,358 332,724 Financial instruments at fair value through other comprehensive income — 1,348,862 636,668 99,850 423,463 993,381 158,226 3,660,450 Loans and accounts receivable from customers at amortized cost (2) 1,060,782 1,539,155 1,821,251 3,105,660 6,223,999 2,839,755 8,152,758 24,743,360 Commercial loans 348,052 1,474,186 1,686,244 2,560,603 4,905,237 1,581,190 3,117,158 15,672,670 Mortgage loans 167 31,510 51,243 230,337 664,169 635,113 4,632,432 6,244,971 Consumer loans 712,563 33,459 83,764 314,720 654,593 623,452 403,168 2,825,719 Financial instruments at amortized cost — 43,806 12,272 96,327 27,587 7,463 — 187,455 Investments under resale agreements — 428,079 111,148 66,951 — — — 606,178 Financial derivative contracts held for hedge accounting — 25,349 13,444 35,768 3,296 2,739 2,527 83,123 Financial derivatives contracts held for trading — 117,859 98,339 335,306 806,607 877,843 661,849 2,897,803 Interbank loans (1) — 80,554 — — — — — 80,554 Subtotal 4,973,070 3,679,082 2,743,950 3,740,267 7,519,307 4,806,541 9,041,718 36,503,935 Liabilities Cash in process of being cleared 424,358 — — — — — — 424,358 Obligations under repurchase agreements — 465,842 164 — — — — 466,006 Deposits and other demand liabilities 7,576,095 — — — — — — 7,576,095 Time deposits and other time liabilities 314,373 4,572,769 2,087,560 2,342,260 326,276 152,633 301,572 10,097,443 Financial derivative contracts held for hedge accounting — 11,305 45,617 29,100 44,566 4,883 32,774 168,245 Financial derivatives contracts held for trading — 66,530 143,133 323,721 620,192 591,023 1,012,743 2,757,342 Interbank borrowings — 171,624 132,457 1,420,184 3,137,074 45,985 11,099 4,918,423 Lease obligations — 4,847 4,808 15,707 41,933 27,501 20,748 115,544 Debt instruments issued — 90,750 32,551 389,571 980,552 1,552,661 2,563,710 5,609,795 Financial instruments of regulatory capital issued — — — 5,448 165,936 — 981,661 1,153,045 Other financial liabilities — 42,435 — — — — — 42,435 Subtotal 8,314,826 5,426,102 2,446,290 4,525,991 5,316,529 2,374,686 4,924,307 33,328,731 (1 (2) Loans and accounts receivable from customers at amortized cost are presented gross. Allowances by loan type are detailed as follows: Commercial . |
Foreign currency position
Foreign currency position | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Foreign currency position | Note 38 - Foreign currency position In the Consolidated Statements of Financial Position as of December 31, 2022 and 2021, assets and liabilities are included in local and foreign currency, as well as inflation-indexation adjustable and adjustable by the variation of the exchange rate, for the amounts indicated below: Other Exchange rate As of December 31, 2022 Note CLP (1) UF USD COP EUR currencies adjustable Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Cash and deposits in banks 5a) 1,472,359 — 1,387,738 149,163 35,730 13,762 — 3,058,752 Cash items in process of collection 5b) 339,559 — 148,960 5 4,414 2,056 — 494,994 Financial instruments at fair value through profit or loss 6 419,077 — 53,206 — — — — 472,283 Financial instruments at fair value through other comprehensive income 11 3,028,865 72,754 494,180 139,491 — — — 3,735,290 Loans and accounts receivable at amortized cost 10 7,526,343 10,665,565 3,920,269 3,547,452 51,346 836 — 25,711,811 Financial instruments at amortized cost 11 302,886 383,948 — 327,109 — — — 1,013,943 Investments under resale agreements 7 63,154 — — 99,620 — — — 162,774 Investments in companies 5,695 — 5,886 — 3 — — 11,584 Financial derivative contracts 8 2,347,490 195,800 728,250 346,251 — — — 3,617,791 Financial derivative contracts held for hedge accounting 75,651 — 62,897 — — — — 138,548 Interbank loans, net 9 — — 25,537 20,585 — — — 46,122 Intangible assets 13 663,991 — 230 29,569 — — — 693,790 Property, plant, and equipment 14 46,080 — 709 13,407 — — — 60,196 Right-of-use asset under lease agreements 15 69,416 — 6,144 13,979 — — — 89,539 Current taxes 16 50,690 — — 37,663 — — — 88,353 Deferred taxes 16 181,556 — 19,274 73,782 — — — 274,612 Other assets 17 207,238 4,765 358,481 53,219 5,664 3 314 629,684 Other non-current assets held for sale 17 12,175 — 114 8,411 — — — 20,700 TOTAL ASSETS 16,812,225 11,322,832 7,211,875 4,859,706 97,157 16,657 314 40,320,766 Deposits and other demand liabilities 18 2,819,429 27,427 809,882 1,880,225 15,362 2,860 — 5,555,185 Cash in process of being cleared 5b) 136,813 — 302,819 9 16,947 369 — 456,957 Obligations under repurchase agreements 7 288,446 — 8,119 57,523 — — — 354,088 Time deposits and other time liabilities 18 7,567,423 1,394,752 1,982,901 1,758,575 1 — 1 12,703,653 Financial derivative contracts 8 2,422,978 138,312 704,894 159,957 — — — 3,426,141 Financial derivative contracts held for hedge accounting 201,537 — — 17,196 — — — 218,733 Interbank borrowings 19 3,007,284 35,085 940,440 721,414 23,269 831 — 4,728,323 Debt instruments issued 20 679,521 5,445,284 — 423,002 — — — 6,547,807 Financial instruments of regulatory capital issued — 1,070,933 147,291 44,945 — — — 1,263,169 Other financial liabilities 20 57,014 — 302,559 — — — — 359,573 Lease contracts liabilities 15 408 73,191 6,267 14,519 — — 190 94,575 Current taxes 16 — — — 77 — — — 77 Deferred taxes 16 — — — — — — — — Provisions 21 176,255 — 30,484 80,395 — — — 287,134 Other liabilities 22 454,116 119,968 377,288 52,924 3,266 — — 1,007,562 Liabilities directly associated with non-current assets held for sale 22 — — — — — — — — TOTAL LIABILITIES 17,811,224 8,304,952 5,612,944 5,210,761 58,845 4,060 191 37,002,977 Assets (liabilities) net (998,999) 3,017,880 1,598,931 (351,055) 38,312 12,597 123 3,317,789 (1) Includes transactions denominated in foreign currencies but that are settled in pesos. Note 38 - Foreign currency position, continued Other Exchange rate As of December 31, 2021 Note CLP (1) UF USD COP EUR currencies adjustable Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Cash and deposits in banks 5a) 1,308,118 — 1,822,747 287,922 32,213 22,392 — 3,473,392 Cash items in process of collection 5b) 211,686 — 222,843 347 3,354 266 — 438,496 Financial instruments at fair value through profit or loss 6 91,817 — — 240,907 — — — 332,724 Financial instruments at fair value through other comprehensive income 11 2,012,758 301,897 980,339 365,456 — — — 3,660,450 Loans and accounts receivable at amortized cost 10 6,079,741 9,799,322 3,578,507 4,302,474 26,371 — 9,133 23,795,548 Financial instruments at amortized cost 11 451,099 321,291 (772,390) 187,455 — — — 187,455 Investments under resale agreements 7 171,810 — — 434,368 — — — 606,178 Investments in companies 9,152 — — — — — — 9,152 Financial derivative contracts 8 2,254,395 126,280 564,013 30,538 5,700 — — 2,980,926 Interbank loans, net 9 — — 52,505 28,049 — — — 80,554 Intangible assets 13 663,373 — 130 35,841 — — — 699,344 Property, plant, and equipment 14 39,507 — 433 31,993 — — — 71,933 Right-of-use asset under lease agreements 15 86,240 — 5,723 18,818 — — — 110,781 Current taxes 16 18,871 — 1,713 37,600 — — — 58,184 Deferred taxes 16 181,998 — 15,942 74,271 — — — 272,211 Other assets 17 224,814 4,421 516,165 56,492 8,361 — 268 810,521 Other non-current assets held for sale 17 11,916 — — 478 — — — 12,394 TOTAL ASSETS 13,817,295 10,553,211 6,988,670 6,133,009 75,999 22,658 9,401 37,600,243 Deposits and other demand liabilities 18 3,717,926 21,624 896,088 2,914,776 25,136 545 — 7,576,095 Cash in process of being cleared 5b) 231,391 — 182,202 — 10,640 125 — 424,358 Obligations under repurchase agreements 7 212,356 — — 253,650 — — — 466,006 Time deposits and other time liabilities 18 6,233,732 509,868 2,045,906 1,307,928 8 — 1 10,097,443 Financial derivative contracts 8 2,194,964 118,170 540,656 60,400 11,397 — — 2,925,587 Interbank borrowings 19 3,007,242 — 1,721,424 117,239 837 71,681 — 4,918,423 Debt instruments issued 20 888,333 5,094,916 144,078 635,513 — — — 6,762,840 Other financial liabilities 20 42,435 — — — — — — 42,435 Lease contracts liabilities 15 483 86,120 6,778 22,047 — — 116 115,544 Current taxes 16 393 — — 939 — — — 1,332 Deferred taxes 16 — — — — — — — — Provisions 21 158,779 — 2,177 74,391 — — — 235,347 Other liabilities 22 215,662 244,572 190,511 55,889 2,978 — — 709,612 Liabilities directly associated with non-current assets held for sale 22 — — — — — — — — TOTAL LIABILITIES 16,903,696 6,075,270 5,729,820 5,442,772 50,996 72,351 117 34,275,022 Assets (liabilities) net (3,086,401) 4,477,941 1,258,850 690,237 25,003 (49,693) 9,284 3,325,221 (1) Includes transactions denominated in foreign currencies but that are settled in pesos. |
Subsequent events
Subsequent events | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Subsequent events | Note 39 - Subsequent events Extraordinary Shareholders’ Meeting The Extraordinary Shareholders’ Meeting of Itaú Corpbanca was held on January 19, 2023, at which the following main resolutions were adopted: (a) Amending (i) Article 1 of the Bylaws, in order to change the business name of the Bank to "BANCO ITAÚ CHILE", and to add the trade name "ITAÚ CHILE", maintaining the current "BANCO ITAÚ" and "ITAÚ” names; (ii) Article 9 of the Bylaws, in order to reduce the number of directors from eleven to seven; (ii) Article 9 of the Bylaws, to reduce the number of regular directors from eleven to seven; to reduce the number of alternate directors from two to one; and to modify the procedure for appointing replacement directors in case of vacancy; and (iii) Articles 12 and 21 of the Bylaws, regarding the procedure for calling Board meetings and electing its members. The aforementioned amendments will become effective as of the date of the resolution of the Financial Market Commission (the "CMF") approving the amendments to the by-laws agreed upon at the Meeting. The Bank’s Board of Directors shall call a Shareholders’ Meeting to be held within 60 days from the date of the CMF resolution approving the amendments, in order to elect the seven regular members and the alternate member of the Board. The members of the Board serving at the date of the resolution of the CMF approving the amendments will remain in their functions and the Board will operate with the quorums applicable prior to the amendments, until the Bank’s Shareholders’ Meeting called pursuant to the foregoing has elected the seven regular members and one alternate member of the Board of Directors; (b) Decreasing the number of shares in which the share capital is divided from 973,517,871,202 to 216,347,305, without modifying the Bank’s subscribed and paid-in capital amount (the “Reverse Stock Split”). Each of the Bank’s shareholders shall receive in exchange one new share for every 4,500 shares of the Bank held at midnight on the business day prior to the day on which the amendments to the Bank’s by-laws relating to the capital agreed at the Meeting become effective. Therefore, for each share held, the shareholder will receive 0.00022222222222222 new shares (the "Exchange Ratio"), which means that of the 216,347,305 new shares into which the share capital is divided, a backup package of 10,000 shares has been reserved, which is not considered in the numerical calculation of the Exchange Ratio (the "Backup Shares"). The Backup Shares will be used as a buffer to cover any possible shortage of shares that may occur and that will not be covered by the remainder generated by fractions of shares not assigned by application of the Exchange Ratio, all to comply with the provisions of the regulations in force so that no shareholder loses its status as such due to the exchange . Any shares remaining after completion of the exchange will be formally cancelled at an Extraordinary Shareholders’ Meeting that the Board of Directors shall call immediately following the next Ordinary Shareholders’ Meeting to be held after the date on which the exchange is completed. If, at the time of the share exchange, a number of backup shares in excess of 10,000 shares is ultimately required for any cause or reason, the Reverse Stock Split will be deemed to have failed and the Board of Directors - in addition to providing that this situation be reported by means of an Essential Event and adopting all other resolutions, formalities and actions required in connection with this matter - will call a new Extraordinary Shareholders’ Meeting to, among other matters that may be appropriate, annul the amendments to the Bank's bylaws relating to capital agreed at the Shareholders’ Meeting. Note 39 - Subsequent events, continued At the date of the exchange, shareholders who hold a total number of shares in excess of 4,500 and other than a whole multiple of 4,500, shall be entitled to be compensated in cash by the Bank for any fraction of shares corresponding to them. For this purpose, a valuation criterion will be used that takes into account the highest of (i) the closing price of the stock transactions on the Santiago Stock Exchange on the day prior to the date of the share exchange and (ii) the weighted average price of the transactions registered in the Stock Exchanges during the period of 60 stock exchange business days between the 30 and 90 stock exchange business day prior to the date of the share exchange. As a result of the foregoing, it was agreed to amend Transitory Articles 5 and 1 of the Bylaws, relating to the share capital. The agreements referred to in this paragraph (b) shall become effective on the date on which the last of the following suspensive and copulative conditions are met: (i) that the CMF approves, via the appropriate resolution, the amendments to the bylaws approved at the Meeting; (ii) that the CMF register with the Securities Registry the 216,347,305 new shares to be issued pursuant to the approval of the Shareholders’ Meeting. (iii) that the country's Stock Exchanges record in their registries the date on which the material exchange of the new shares is to take place, after which the new shares may be traded in the local stock market, for which the Chief Executive Officer will formally inform said Stock Exchanges, with due notice and in the manner provided in the regulations issued for such purpose by the CMF; (c) Approving a new text of the Bank's Bylaws that replaces the current Bylaws completely, which includes the amendments to the Bylaws adopted at the Shareholders’ Meeting, and which also contains changes to adapt the Bylaws to legal amendments; and (d) Broadly empowering the Board of Directors and/or the Bank's Chief Executive Officer to resolve and implement all aspects, modalities, amendments, actions and details that may arise in connection with the resolutions adopted at the Meeting. Change of Bank’s Name By Resolution No. 2,215, issued on March 28, 2023, the Comisión para el Mercado Financiero Bank The certificate evidencing said resolution was registered in the Registro de Comercio Consequently, the process of amending the Bank’s by-laws regarding its change of name has been completed, with effect from the date of the aforementioned resolution, that is, on March 28, 2023. Note 39 - Subsequent events, continued Banco Itaú Chile announcing 2023 Annual General Shareholder’s Meeting Approvals On April 20, 2023, Banco Itaú Chile informed by means of a significant event that the following resolutions, among others, were adopted at the Bank's Ordinary Shareholders' Meeting held on April 20, 2023: 1.- To renew in its entirety the Bank’s board of directors. Consequently, the following seven principal members and one alternate member were appointed, as provided in the Bank’s by-laws: Board Members: 1. Diego Fresco Gutiérrez 2. Matias Granata 3. Milton Maluhy Filho 4. Pedro Paulo Giubbina Lorenzini 5. Pedro Samhan Escándar 6. Ricardo Villela Marino 7. Luis Octavio Bofill Genzsch Alternate Board Member: 1. Rogerio Carvalho Braga It is noted herein that the board members, Mr. Pedro Samhan Escándar and Mr. Luis Octavio Bofill Genzsch, were appointed as independent directors, as provided in Article 50 bis. of Law No. 18,046. 2.- To distribute a dividend equivalent to 30% of the distributable net income for the fiscal year 2022, which represents an aggregate amount of Ch$130,123,237,338, payable to the holders of the 973,517,871,202 validly issued shares of the Bank, who are entitled to receive dividends of Ch$0.1336629158920 per share. In addition, it was approved that the remaining 70% of the profits to be retained. The dividends will be available to the shareholders as of from April 25, 2023. In this regard, shareholders who were registered in the Shareholders Registry at midnight on April 19, 2023, will have the right to receive dividends, that is, those who are registered in said registry 5 business days prior to the date of payment. Note 39 - Subsequent events, continued Others In the year between January 1st, 2023 and the date of issuance of these Consolidated Financial Statements, no other subsequent events have occurred that could significantly affect them. Roxana Zamorano Gabriel Moura Chief Accounting Officer Chief Executive Officer |
General Information and Summa_2
General Information and Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Accounting period | a) Accounting period The Consolidated Financial Statements are referred as of December 31, 2022 and 2021 and comprise the years ended December 31, 2022, 2021 and 2020. |
Basis of preparation of the Consolidated Financial Statements | b) Basis of preparation of the Consolidated Financial Statements These Consolidated Financial Statements have been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS-IASB”). Notes to these Consolidated Financial Statements contain information additional to that disclosed in the Consolidated Statements of Financial Position, Consolidated Statements of Income, Consolidated Statements of Other Comprehensive Income, Consolidated Statements of Changes in Equity, and Consolidated Statements of Cash Flows. |
Consolidation criteria | c) Consolidation criteria These Consolidated Financial Statements comprise the preparation of the Financial Statements of the Bank and the controlled entities which participate in the consolidation as of December 31, 2022 and 2021 and for the years ended December 31, 2022, 2021 and 2020, and include the necessary adjustments and reclassifications to standardize the accounting policies and valuation criteria applied by the Bank, in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS-IASB”). Note 1 – General Information and Summary of Significant Accounting Policies, continued Intercompany balances and any unrealized income or loss arising from intercompany transactions are eliminated upon consolidation during the preparation of the Consolidated Financial Statements. (i) Controlled entities The Bank, regardless of the nature of its involvement with an entity (the investee), shall determine whether it is a parent by assessing whether it controls the investee. The Bank controls an investee when it is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Thus, the Bank controls an investee if and only if has all the following: 1) Power over the investee, which is related to the existing rights that give the Bank the current ability to direct the relevant activities, these being those that significantly affect the investee’s returns; 2) Exposure, or rights, to variable returns from its involvement with the investee; 3) Ability to use its power over the investee to affect the amount of the Bank’s returns; When the Bank has less than a majority of the voting rights over an investee, but such voting rights are sufficient to have the actual ability to direct the relevant activities, then it will be concluded that the Bank has control over the investee. The Bank considers all relevant factors and circumstances when assessing if the voting rights are sufficient to obtain control, these include: ● The amount of voting rights held by the Bank in relation to the amount and dispersion of those held by other vote holders. ● Potential voting rights held by the Bank, other voting holders or other parties. ● Rights that arise from other contractual agreements. ● Any additional facts and circumstances that indicate that the Bank has, or does not have, the current ability to direct the relevant activities at the time those decisions need to be made, including the patterns of voting behavior in previous shareholders meetings. The Bank reassesses whether or not it has control over an investee when facts and circumstances indicate that there are changes in one or more of the control elements listed above. The financial statements of the controlled companies are consolidated with those of the Bank through the global integration method (line by line). In accordance with this method, all balances and transactions between consolidated companies are eliminated upon consolidation. Therefore, the Consolidated Financial Statements refer to assets, liabilities, equity, income, expenses, and cash flows of the parent and its subsidiaries presented as if they were a single economic entity. The Bank prepares Consolidated Financial Statements using uniform accounting policies for transactions and other events that, being similar, have occurred in similar circumstances. Note 1 – General Information and Summary of Significant Accounting Policies, continued The following table details the entities controlled by Banco Itaú Chile: Ownership percentage Functional As of December 31, 2022 As of December 31, 2021 Market Country currency Direct Indirect Total Direct Indirect Total % % % % % % Itaú Corredores de Bolsa Limitada (1) National Chile Ch$ 99.987 0.013 100.000 99.990 0.010 100.000 Itaú Administradora General de Fondos S.A. (1) Chile Ch$ 99.994 0.006 100.000 99.994 0.006 100.000 Itaú Corredores de Seguros S.A. (1) Chile Ch$ 99.990 0.010 100.000 99.990 0.010 100.000 Itaú Asesorías Financieras Limitada (1) Chile Ch$ 99.990 0.010 100.000 99.990 0.010 100.000 Recaudaciones y Cobranzas Limitada (1) Chile Ch$ 99.990 0.010 100.000 99.990 0.010 100.000 Itaú Corpbanca New York Branch (1) (4) Foreign USA US$ 100.000 — 100.000 100.000 — 100.000 Itaú Colombia S.A. (2) (6) (8) Colombia COP$ 94.990 4.472 99.462 87.100 — 87.100 Itaú Corredor de Seguro Colombia S.A. (2) Colombia COP$ 94.987 5.000 99.987 79.985 — 79.985 Itaú Securities Services Colombia S.A. Colombia COP$ 5.499 93.992 99.491 5.499 82.310 87.809 Itaú Comisionista de Bolsa Colombia S.A (2) Colombia COP$ 2.219 97.253 99.472 2.219 85.166 87.385 Itaú Asset Management Colombia S.A. Sociedad Fiduciaria (2) Colombia COP$ — 99.443 99.443 — 87.083 87.083 Itaú (Panamá) S.A. (3) Panama US$ — 99.462 99.462 — 87.100 87.100 Itaú Holding Colombia S.A.S (5) (7) (9) Colombia COP$ 100.000 — 100.000 — — — (1) Company regulated by the Commision for the Financial Market (CMF) of Chile. (2) Companies regulated by the Colombian Financial Superintendency (SFC), which has a supervision agreement with the CMF. (3) Company regulated by the Superintendency of Banks of Panama. (4) Company regulated by Office of the Comptroller of the Currency (OCC) and Federal Reserve (FED). (5) On February 1, 2022, Itaú Holding Colombia S.A. was created. (6) On February 22, 2022, the Bank acquired 59,554,210 shares of Itaú Colombia S.A. (7) On February 22, 2022, Itaú Holding Colombia S.A acquired 33,752,474 shares of Itaú Colombia S.A. (8) On March 25, 2022, the Bank acquired 3,600 shares of Itaú Corredores de Seguro Colombia S.A. (9) On March 25, 2022, Itaú Holding Colombia S.A. acquired 1,200 shares of Itaú Corredores de Seguro Colombia S.A. (ii) Associates Associated entities are those over which the Bank has significant influence; although not control or joint control. If the Bank holds, directly or indirectly (e.g. through subsidiaries), 20% or more of the voting power of the investee, it is presumed that the Bank has significant influence, unless it can be clearly demonstrated that this is not the case, and subsequently increased or decreased to recognize either the Bank’s proportional share in the net profit or loss of the associate and other movements recognized in its equity. The lower value arising from the acquisition of an associate is included in the book value of the investment net of any accumulated impairment loss. Other factors considered to determine the significant influence on an entity are the representations in the Board of Directors and the existence of material transactions. The existence of these factors could determine the existence of significant influence on an entity, despite having a participation of less than 20% of the shares with the right to vote. The following entities are classified as “Associates” and are accounted for using the equity method, according to IAS 28: As of December 31, As of December 31, Associate Main Operation Operation Place 2022 2021 % Share % Share Transbank S.A Credit card operator Santiago, Chile 8.7188 % 8.7188 % Combanc S.A (1) High value payment clearing house Santiago, Chile 9.8100 % 9.8100 % Imerc OTC S.A (1) Administration of clearing and settlement systems for financial instruments Santiago, Chile 8.6624 % 8.6624 % (1) As of the second quarter of 2021, the Bank gained significant influence over Sociedad Operadora de la Cámara de Compensación de Pagos de Alto Valor S.A. (hereinafter, “Combanc S.A.”) and over Servicios de Infraestructura de Mercado OTC S.A (hereinafter, “Imerc OTC S.A.”). Management concluded that, because of fact that the Bank can elect one of the members of the Board of Directors in each of these entities, in addition to other factors, such as significant transactions between the Bank and these entities, exchange of essential technical information with its investees and other factors, the Bank has a say in the financial and operating decision-making of these investees, but does not control them. Consequently, the equity method has been applied. Note 1 – General Information and Summary of Significant Accounting Policies, continued (iii) Investments in other companies, represented by shares or rights in other companies, are those in which the Bank has neither control nor significant influence. These equity instruments must be measured in compliance with IFRS 9, at their fair value; however, equity instruments that are neither held for trading and on which the equity method is not applied for investments in companies with significant influence (“associates” or “joint ventures”) according to IAS 28, may be recorded after their initial recognition and irrevocably at fair value, with variations recognized in Other Comprehensive Income instead of as “Non-trading financial assets mandatorily at fair value through profit or loss”. Dividends received from these investments are recorded in "Income (loss) from investments in companies" in the Consolidated Statement of Income. These instruments are not subject to the impairment model of IFRS 9. (iv) The Bank and its subsidiaries manage assets held in publicly offered investment funds and other investment vehicles on behalf of investors and receive market-rate compensation for providing this type of services. Managed funds belong to third parties and, therefore, are not included in the Consolidated Statement of Financial Position. The Bank provides trust commissions and other fiduciary services that result in the participation or investment of assets by clients. Assets held in a fiduciary activity are not reported in the Consolidated Financial Statements, since they are not Bank assets and there is no control over them. Contingencies and commitments arising from this activity are disclosed in Note 23 - Contingencies, Commitments, and Responsibilities, letter c), related to Responsibilities recorded in off-balance-sheet accounts. In accordance with IFRS 10 “ Consolidated Financial Statements ● ● ● ● The Bank does not control or consolidate any trusts or other entities related to this type of business. The Bank manages the funds on behalf and for the benefit of investors, acting solely as an Agent. The assets managed by the Bank and its subsidiaries are owned by third parties. Under this category, and in accordance with the aforementioned standard, they do not control the assets when they exercise their decision-making authority. Therefore, as of December 31, 2022 and 2021 they act as Agent and none of these investment vehicles is consolidated. |
Non-controlling interest | d) Non-controlling interest represents the portion of net income or loss and net assets which the Bank does not own, either directly or indirectly. It is disclosed as “Attributable to non-controlling interest” separately in the Consolidated Statement of Income (Loss). Note 1 – General Information and Summary of Significant Accounting Policies, continued Additionally, non-controlling interests are presented in the Consolidated Statement of Financial Position under the heading "Non-controlling interest", separately from the equity attributable to owners of the Bank. Changes in a parent’s ownership interest in a subsidiary that do not result in a loss of control are equity transactions (i.e. transactions with owners in their capacity as owners). The Bank attributes the profit or loss for the period and each component of other comprehensive income to the owners of the Bank and to non-controlling interests. The Bank also attributes total comprehensive income to the owners of the Bank and non-controlling interests even if the results of the non-controlling interests result in a debit balance. |
Business combination and goodwill | e) Business combinations are accounted for using the acquisition method. The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair values of the assets transferred by the Bank, liabilities incurred by the Bank to the former owners of the acquiree and the equity interests issued by the Bank in exchange for control of the acquiree. Acquisition costs incurred are expensed and included in administrative expenses. When Banco Itaú Chile and its subsidiaries (the Group) acquires a business, evaluates the identifiable assets acquired and liabilities assumed to determine proper classification and designation based on contractual conditions, economic circumstances, and other relevant conditions as of the acquisition date. This includes the assessment of whether an embedded derivative should be separated from a host contract in accordance with IFRS 9. Goodwill and fair value adjustments arising on the acquisition of a foreign operation are treated as assets and liabilities of the foreign operation and translated at the closing rate. The excess of the consideration transferred, amount of any non-controlling interest in the acquired entity, and acquisition-date fair value of any previous equity interest in the acquired entity; over the fair value of the net identifiable assets acquired is recorded as goodwill. If those amounts are less than the fair value of the net identifiable assets of the business acquired, the difference is recognised directly in profit or loss as a bargain purchase. After initial recognition, goodwill is measured at cost less any accumulated impairment losses. Goodwill acquired in a business combination is assigned, from the date of acquisition, to each of the Group’s cash generating units (CGU) (or group of CGUs) that are expected to benefit from the combination, independently of whether other assets or liabilities of the acquiree are assigned to those units. When goodwill is allocated to a CGU (or group of CGUs) and an operation within that unit is sold, the goodwill associated with that operation is included in the carrying amount of the operation sold when determining the gain or loss on disposal. Goodwill that is derecognized under such circumstances is measured on the basis of the relative values of the operation disposed of and the retained portion of the CGU (or group of CGUs). |
Common control transaction | f) Common control transaction A common control transaction is a transfer of assets or an exchange of equity interests among entities under the same parent’s control. Note 1 – General Information and Summary of Significant Accounting Policies, continued A common-control transaction has no effect on the parent´s consolidated financial statements. The net assets are derecognized by the transferring entity and recognized by the receiving entity at their historical carrying amount. Any difference between the proceeds transferred or received and the carryng amount of the net assets is recognized in equity in the transferring and receiving entities separatd financial statements and eliminated in consolidation. |
Functional and presentation currency | g) Functional and presentation currency The Bank has defined as its functional and presentation currency the Chilean peso, which is the currency of the primary economic environment in which the Bank operates and the currency that influences its costs and revenue structure. Therefore, all balances and transactions denominated in currencies other than the Chilean peso are treated as "foreign currency". The Bank translates accounting records of its New York branch and subsidiaries in Colombia and Panama into Chilean pesos from US dollars and Colombian pesos, as applicable, in accordance with IAS 21 "Effects of the Variations in the Exchange Rates of the Foreign Currency" |
Foreign currency | h) Transactions in foreign currency are initially recorded by the Bank at the exchange rates of their respective functional currencies at the date these transactions first meet the conditions for their recognition. Monetary assets and liabilities denominated in foreign currency are converted at the closing exchange rate of the functional currency in force at the closing date of the reporting period. All differences arising from the settlement or conversion of monetary items are recorded in income, except for those that correspond to monetary items that are part of the hedge of a net investment in a foreign operation, for which the cumulative difference is recorded in equity and subsequently reclassified to profit and loss (on disposal). Tax effects attributable to the exchange differences on such monetary items are also recorded in Other Comprehensive Income. Non-monetary items in foreign currency, which are measured in terms of historical cost, are converted using the exchange rate on the date of the transaction. Non-monetary items that are measured at their fair value in foreign currency are translated using the exchange rates on the date on which that fair value is measured. Gains or losses arising from the translation of non-monetary items measured at their fair value are recognized based on how the gains and losses arising from the change in fair value are recognized in Other Comprehensive Income or in Income, in accordance with IAS 21. The Bank grants loans and receives deposits in amounts denominated in foreign currency, mainly in US dollars and Colombian pesos. Balances in the financial statements of the consolidated entities whose functional currency is different from the Chilean peso are converted into the presentation currency, according to the following criteria: ● Assets and liabilities, by using exchange rates as of the date of the Consolidated Financial Statements. ● Income and expenses and cash flows, by using the exchange rates as of the date of each transaction. Note 1 – General Information and Summary of Significant Accounting Policies, continued Exchange differences arising from translating balances into functional currencies of the consolidated entities other than Chilean pesos into Chilean pesos, are recorded as "Exchange differences" in Equity under the line item "Valuation accounts", until they meet the derecognition criteria for the Consolidated Statement of Financial Position, and is subsequently recorded in profit or loss. The net amount of foreign exchange gains and losses includes the recognition of the effects of changes in the exchange rates over assets and liabilities denominated in foreign currencies and gains and losses arising from exchange rates changes affecting current and future transactions (highly probable transactions) entered into by the Bank. Assets and liabilities in foreign currencies are shown at their equivalent amount in pesos, calculated using the exchange rate of $854.31 per US$1 (US dollar) as of December 31, 2022 ($844.08 as of December 31, 2021) and the exchange rate of $0.1761 per COP$1 (Colombian peso) as of December 31, 2022 ($0.2103 as of December 31, 2021). The financial statements of the New York branch, as well as the Colombian subsidiaries, have been translated using these exchange rates for consolidation purposes, in accordance with IAS 21, related to the valuation of investments abroad in countries with stable economy. |
Use of estimates and judgments | i) The preparation of the Consolidated Financial Statements requires the Bank’s management to make estimates, judgments and assumptions that affect the application of the accounting policies and the reported balances of assets and liabilities, disclosures of contingencies with respect to assets and liabilities as of the date of the Consolidated Financial Statements, as well as income and expenses during the year. Actual results may differ from these estimates. Estimates and relevant assumptions are regularly reviewed by Management in order to properly measure some assets, liabilities, income, and expenses. Accounting estimates changes due to reviews are recognized in the year in which the estimate is reviewed and in any future period affected. In certain cases, International Financial Reporting Standards requires that assets and liabilities be recorded or disclosed at their fair values. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction in the principal (or most advantageous) market at the measurement date under current market conditions (i.e. an exit price) regardless of whether that price is directly observable or estimated using another valuation technique. When market prices in active markets are available, they have been used as a basis for valuation. When market prices in active markets are not available, the Bank has estimated those values as values based on the best available information, including the use of modeling and other valuation techniques. The Bank has established allowances to cover expected credit losses over its loan portfolio and other financial assets. These allowances must be regularly reviewed taking into consideration factors such as changes in the nature and volume of the loan portfolio, trends in forecasted portfolio quality, credit quality and economic conditions that may adversely affect the borrowers’ ability to pay. Increases in the allowances for loan losses are reflected as “Provision for loan losses” in the Consolidated Statement of Income (Loss). Loans are charged-off when the Bank’s management determines that a loan or a portion thereof is impaired. Charge-offs are recorded as a reduction of the allowance for loan losses. In particular, information on significant areas of estimate due to uncertainties and critical judgments in the application of accounting policies that have the most important effect on the amounts recorded in the Consolidated Financial Statements are the following: Note 1 – General Information and Summary of Significant Accounting Policies, continued ● Allowances for loan losses ● Fair value of financial assets and liabilities ● Contingencies and commitments ● Impairment losses of certain assets, including Goodwill ● Current taxes and deferred taxes During the year ended December 31, 2022, there have been no significant changes in estimates made compared to the estimates at the end of 2021 |
Operating segments | j) Operating segments The Bank provides financial information for each operating segment in conformity with IFRS 8 “Operating Segments” ● Better understand the Bank’s performance. ● Better evaluate its future cash flow projections. ● Form better opinions regarding the Bank as a whole. To comply with IFRS 8, Banco Itaú Chile identifies operating segments (Chile and Colombia) used by the Executive Committee, which is defined as the chief operating decision maker, to analyze and make decisions regarding operating, financing and investment matters, based on the following elements: (1) The nature of the products and services; (2) The nature of the processes; (3) The type or class of customer for their products and services; (4) The methods used to distribute their products or provide their services; and (5) If applicable, the nature of the regulatory environment, for example, banking, insurance or public utilities. The Executive Committee manages these segments using an in-house system of internal profitability reports and reviews its segments on the basis of the operating results and uses efficiency, profitability and other indicators to evaluate performance and allocate resources. The Bank has also included geographic disclosures on its operations in New York and Colombia. More information on each segment is presented in Note 4 - Reporting Segments. |
Operations with repurchase and resale agreements | k) Transactions with resale agreements are entered into as a form of investment. Under these agreements, financial instruments are sold, which are included as assets under "Investments under resale agreement” and are accounted for at amortized cost using the effective interest rate of the agreement. There are also sales transactions with a repurchase agreement as a form of financing. In this regard, the investments that are sold subject to a repurchase obligation and that serve as collateral for the loan, form part of the investment items of "Financial Instruments at Fair Value Through Profit or Loss" or "Financial Instruments at Fair Value Through Other Comprehensive Income". |
Classification and measurement of financial instruments | Note 1 – General Information and Summary of Significant Accounting Policies, continued l) I. Classification of financial instruments (i) Classification of financial assets Financial assets are classified into a measurement category based on both the Bank’s business model for managing the financial asset and the contractual cash flow characteristics of the financial asset. Contractual cash flow assessment determine if the cash flows from the financial asset meet the SPPI (solely payment of principal and interest) criterion, i.e. whether the contractual terms of the financial asset give rise, on specific dates, to cash flows that are solely payments of principal and interest. Principal is the fair value of the financial assets at initial recognition, and interest is the consideration for the time value of money, the credit risk associated with the principal outstanding, and also may include liquidity risk, administrative cost and profit margin. For classification process the Bank perform the SPPI test, which assesses the contractual term to identify whether they meet SPPI criterion, the contract is a basic lending arrangement. The Bank applies judgment and considers relevant factors such as currency in which the financial asset is denominated, and period for which the interest rate is set. Business model refers to how the Bank manages its financial assets in order to generate cash flows. The Bank determined its business model on initial application of IFRS 9 at the level that best reflects how it manages groups of financial assets to achieve its business objective. The Bank’s business model represents how financial assets are managed to generate cash flows and does not depend on the Management’s intention regarding an individual instrument, but at a higher level of aggregated portfolio and is based on observable factors such as: risks that affect the performance of business model; how business managers are compensated; how the performance of business model is assessed and reported to Management. In addition, the Banks’s business model is not assessed on an instrument-by-instrument basis, but at a higher level of aggregated portfolio and is based on observable factors such as: performance of the financial assets, the risk that affect the performance, and the expected frequency, value and timing of sales, among others. In accordance with IFRS 9 the business models are: ● Held to collect business model (HTC) - financial assets that are held within a business model whose objective is to hold assets in order to collect contractual cash flows are managed to realize cash flows by collecting contractual payments over the life of the instrument, under this business model sales made when there is an increase in the credit risk, or to manage credit concentration risk are not inconsistent with a business model whose objective is to hold financial assets to collect contractual cash flows. ● Held to collect and sell (HTC&S) - financial assets under this business model achieve the objective by both collecting contractual cash flows and selling financial assets, then involve a greater frequency and value of sales than HTC business model. ● Other business model - financial assets held in this business has the objective of realizing cash flows through the sale of the assets. The Bank makes decisions based on the assets’ fair values and manages the assets to realize those fair values. Note 1 – General Information and Summary of Significant Accounting Policies, continued (ii) Reclassifications Reclassification of financial assets is required if, and only if, the objective of the Bank’s business model for managing those financial assets changes. Financial liabilities cannot be reclassified. In January 2019, Law No. 21,130 was issued, which modernizes the banking legislation with the objective of implementing the practices promoted at international level by the Basel III. The new regulation was effective as of December 1, 2021 and will be implemented gradually until it is fully established as of December 1, 2025. Due to these changes, the bank performed a capital increase which in part was executed in order to comply with the new capital requirements. In connection with the new requirements and its capital management strategy the bank in Chile created a new portfolio which is managed on a segregated basis and under a held to collect business model with the purpose of managing the capital adequacy under the new capital requirements. As of January 1, 2022, securities classified under “Fair value through other comprehensive income¨ were derecognized for an amount of MCh$766,612 and reclasified to ¨Financial instruments at amortized cost¨ for MCh$854,262. As a result of the adoption of Basel III, the Bank has greater capital requirements in Colombia, making it necessary to protect this capital from credit and market risks. In August 2022 the Bank entered into a new capital management business model which will generate a reclassification from Debt Instruments measured at Fair Value through Other Comprehensive Income to “Financial instruments at amortized cost¨ as they are part of this portfolio, this reclassification will come into effect as of January 1, 2023. II. Measurement of financial instruments (i) Initial measurement On initial recognition, financial assets and financial liabilities are measured at the transaction price, i.e. the fair value of the consideration given or received (IFRS 13). In the case of financial instruments not at fair value through profit or loss, transaction costs of financial assets and financial liabilities carried at fair value are expensed in profit or loss. (ii) Subsequent measurement - Financial assets After initial recognition, the Bank shall measure a financial asset at: (a) Amortized cost Financial assets that are held in a business model to collect the contractual cash flows and contain contractual terms that give rise on specific dates to cash flows that are SPPI, are measured at amortized cost. The effective interest method is used in the calculation of the amortized cost of a financial asset or a financial liability and in the allocation and recognition of the interest revenue or interest expense in profit or loss over the relevant period. The effective interest rate (EIR) is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial asset or financial liability to the gross carrying amount of a financial asset or to the amortized cost of a financial liability. Note 1 – General Information and Summary of Significant Accounting Policies, continued (b) Fair value through other comprehensive income (FVTOCI) Financial assets that are debt instruments held in a business model that is achieved by both collecting contractual cash flows and selling, and that contain contractual terms that give rise on specific dates to cash flows that are SPPI, are measured at FVTOCI. They are subsequently remeasured at fair value and changes therein (except for those relating to impairment, interest income and foreign currency exchange gains and losses) are recognized in other comprehensive income, until the assets are sold. Upon disposal, the cumulative gain and losses in other comprehensive income are recognized in the income statements. (c) Fair value through profit or loss (FVTPL) Financial assets that do not contain contractual terms that give rise on specified dates to cash flows that are SPPI, or if the financial assets, or if the financial asset is not held in a business model that is either (i) a business model to collect the contractual cash flows or (ii) a business model that is achieved by both collecting contractual cash flows and selling. Financial assets held for trading are recognized at fair value through profit or loss, likewise derivatives contracts for trading purposes. (d) Equity instruments For certain equity instruments, the Bank may make an irrevocable election to present subsequent changes in the fair value of the instrument in other comprehensive income, except for dividend income which is recognized in profit or loss. Gains or losses on derecognition of these equity instruments are not transferred to profit or loss. (iii) Subsequent measurement - Financial liabilities After initial recognition, the Bank shall measure a financial liability at amortized cost, except for derivatives that are measured at fair value through profit or loss. III. Derecognition of financial assets and liabilities Financial assets are derecognized when, and only when: ● the contractual rights to the cash flows from the financial asset expire, or ● the Bank transfers substantially all the risks and rewards of ownership of the financial asset, and therefore the Bank derecognizes the financial asset and recognize separately any rights and obligations created or retained in the transfer. In some cases, the Bank enters into transactions for which it retains the contractual rights to receive the cash flows of the financial asset, but assumes a contractual obligation to pay the cash flows in an arrangement that meets all the conditions required, i.e. the Bank only transfers collected amounts from original assets, selling or pledging original assets is prohibited, and the Bank has the obligation to remit cash flows collected without material delay. Note 1 – General Information and Summary of Significant Accounting Policies, continued When a financial asset is sold and the Bank simultaneously agrees to repurchase it (or an asset that is substantially the same) at a fixed price on a future date, the Bank continues to recognize the financial assets in their entirety in the statements of financial position because it retains substantially all of the risks and rewards of ownership. The cash consideration received is recognized as a financial asset and a financial liability is recognized for the obligation to pay the repurchase price. Financial liabilities are derecognized when, and only when, they are extinguished, cancelled or expired. Derecognition due to substantial modification of terms and conditions The Bank derecognizes a financial asset, such as a loan to a customer, when the terms and conditions have been renegotiated to the extent that it essentially has become a new asset, with the difference recognized as a derecognition gain or loss, to the extent that an impairment loss has not already been recorded. A modification of terms and conditions does not lead to derecognition if it does not result in cash flows that are substantially different. Based on the change in cash flows discounted at the original EIR, the Bank records a modification gain or loss, to the extent that an impairment loss has not already been recorded. For financial liabilities, the Bank considers a modification substantial based on qualitative factors, and whether it results in a difference between the adjusted discounted present value and the original carrying amount of the financial liability of, or greater than, ten percent. For financial assets, this assessment is based on qualitative factors. IV. Renegotiated and modified loans The Bank sometimes makes concessions or modifications to the original terms of loans as a response to the borrower’s financial difficulties, rather than taking possession or otherwise enforcing collection of collateral, or in some cases in order to renegotiate loans. The Bank considers a loan forborne when such concessions or modifications are provided as a result of the borrower’s present or expected financial difficulties and the Bank would not have agreed to them if the borrower had been financially healthy. Indicators of financial difficulties include defaults on covenants, or significant concerns raised by the Credit Risk Department. Forbearance may involve extending the payment arrangements and the agreement of new loan conditions. It is the Bank’s policy to monitor forborne loans to help ensure that future payments are likely to occur. If the modifications are substantial, the loan is derecognized, as explained in “III. Derecognition of financial assets and liabilities”. If the terms have been renegotiated without resulting in the derecognition of the loan, any impairment is measured using the original EIR as calculated before the modification of terms. The Bank also reassesses whether there has been a significant increase in credit risk and whether the assets should be classified as another Stage. Derecognition decisions and classifications of Stage 2 and Stage 3 are determined on a case-by case basis. If these procedures identify a loss in relation to a loan, it is disclosed and managed as an impaired Stage 3 forborne asset until it is collected or written off. V. Contingent loans The Bank issues contingent loans (including letters of credit, foreign letters of credit and performance guarantee) and loan commitments. Contingent loans and undrawn loan commitments are commitments under which, over the duration of the commitment, the Bank is required to provide a loan with pre-specified term to the customer. Note 1 – General Information and Summary of Significant Accounting Policies, continued The nominal contractual loan value, when the loan agreed to be provided is on market terms, is not recorded in the statements of financial position. The related expected credit loss allowance is disclosed in Note 21. VI. Offsetting Financial assets and financial liabilities are offset in the balance sheet only when there is a legally enforceable right to offset the recognized amounts and there is an intention to settle on a net basis, or realize the asset and settle the liability simultaneously. |
Derivatives and hedging activities | m) The Bank has elected to continue applying the hedge accounting requirements of IAS 39 on adoption of IFRS 9. For presentation purposes, derivatives are presented in accordance with its positive or negative fair value as assets or liabilities, respectively, and include trading and hedging instruments separately (see Note 8). Hedging transactions The Bank uses financial derivatives for the following purposes: i. to sell to customers who request these instruments in the management of their market and credit risks; ii. to use these derivatives in the management of the risks of the Bank entities’ own positions and assets and liabilities (“hedging derivatives”), and iii. to obtain profits from changes in the price of these derivatives (trading derivatives). All financial derivatives that are not held for hedging purposes are accounted for as trading derivatives. A derivative qualifies for hedge accounting if all the following conditions are met: i. The derivative hedges one of the following three types of exposure: a. Changes in the value of assets and liabilities due to fluctuations, among others, in the interest rate and/or exchange rate to which the position or balance to be hedged is subject (“fair value hedge”); b. Changes in the estimated cash flows arising from financial assets and liabilities, and highly probable forecasted transactions (“cash flow hedge”); c. The net investment in a foreign operation (“hedge of a net investment in a foreign operation”). ii. It is effective in offsetting exposure inherent in the hedged item or position throughout the expected term of the hedge, which means that: a. At the date of arrangement the hedge is expected, under normal conditions, to be highly effective (“prospective effectiveness”). b. There is sufficient evidence that the hedge was actually effective during the life of the hedged item or position (“retrospective effectiveness”). Note 1 – General Information and Summary of Significant Accounting Policies, continued iii. There must be adequate documentation evidencing the specific designation of the financial derivative to hedge certain balances or transactions and how this effective hedge was expected to be achieved and measured, provided that this is consistent with the Bank’s management of own risks. The changes in the value of financial instruments qualifying for hedge accounting are recorded as follows: a. For fair value hedges, the gains or losses arising on both hedging instruments and the hedged items (attributable to the type of risk being hedged) are included as “Net income (expense) from financial operations” in the Consolidated Statement of Income. b. For fair value hedges of interest rate risk on a portfolio of financial instruments, gains or losses that arise in measuring hedging instruments within “Interest income and expense”, and other gains or losses due to changes in fair value of the underlying hedged item (attributable to the hedged risk) are recorded in the Consolidated Statement of Income (Loss) under “Net income (expense) from financial operations”. c. For cash flow hedges, the change in fair value of the hedging instrument is included as “Cash flow hedge” in “Other comprehensive income”. d. The differences in valuation of the hedging instrument corresponding to the ineffective portion of the cash flow hedging transactions are recorded directly in the Consolidated Statements of Income (Loss) under “Net income (expense) from financial operations”. If a derivative designated as a hedging instrument no longer meets the conditions described above due to expiration, ineffectiveness or for any other reason, hedge accounting treatment is discontinued. When “fair value hedging” is discontinued, the fair value adjustments to the carrying amount of the hedged item arising from the hedged risk are amortized to gain or loss from that date, where applicable. Sources of hedge ineffectiveness may arise from basis risk, including but not limited to the discount rates used for calculating the fair value of derivatives, hedges using instruments with a non-zero fair value, and notional and timing differences between the hedged items and hedging instruments. When cash flow hedges are discontinued, any cumulative gain or loss of the hedging instrument recognized under “Other comprehensive income (loss)” (from the period when the hedge was effective) remains recorded in equity until the hedged transaction occurs, at which time it is recorded in the Consolidated Statements of Income, unless the transaction is no longer expected to occur, in which case any cumulative gain or loss is recorded immediately in the Consolidated Statement of Income (Loss). |
Fair value measurement | n) In general, financial assets and liabilities are initially recognized at fair value which, in the absence of evidence to the contrary, is deemed to be the transaction price. Financial instruments, other than those measured at fair value through profit or loss, are initially recognized at fair value plus transaction costs. Subsequently, and at the end of each reporting period, financial instruments are measured pursuant to the following criteria: (i) Valuation of financial instruments Financial assets are measured according to their fair value, gross of any transaction costs that may be incurred in the course of a sale, except for loans and accounts receivable from customers. Note 1 – General Information and Summary of Significant Accounting Policies, continued According to IFRS 13 “Fair Value Measurement”, “Fair value” is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When measuring fair value an entity shall take into account the characteristics of the asset or liability if market participants would take those characteristics into account when pricing the asset or liability at the measurement date. The fair value measurement assumes that the transaction to sell the asset or transfer the liability takes place either: (a) in the principal market for the asset or liability, or (b) in the absence of a principal market, the most advantageous market f o r the asset or liability. Even when there is no observable market to provide pricing information in connection with the sale of an asset or the transfer of a liability at the measurement date, the fair value measurement shall assume that the transaction takes place, considered from the perspective of a potential market participant who intends to maximize value associated with the asset or liability. When using valuation techniques, the Bank shall maximize the use of relevant observable inputs and minimize the use of unobservable inputs as available. If an asset or a liability measured at fair value has a bid price and an ask price, the price within the bid-ask spread that is most representative of fair value in the circumstances shall be used to measure fair value regardless of where the input is categorized within the fair value hierarchy (i.e. Level 1, 2 or 3). IFRS 13 establishes a fair value hierarchy that categorizes into three levels the inputs to valuation techniques used to measure fair value. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1 inputs) and the lowest priority to unobservable inputs (Level 3 inputs). All derivatives are recorded in the Consolidated Statements of Financial Position at the fair value previously described. This value is compared to the valuation as at the trade date. If the fair value is subsequently measured positive, this is recorded as an asset. If the fair value is subsequently measured negative, this is recorded as a liability. The fair value on the trade date is deemed, in the absence of evidence to the contrary, to be the transaction price. The changes in the fair value of derivatives from the trade date are recorded in “Net income (expense) from financial operations” in the Consolidated Statement of Income. Specifically, the fair value of financial derivatives included in the portfolios of financial assets or liabilities held for trading is deemed to be their daily quoted price. If, for exceptional reasons, the quoted price cannot be determined on a given date, the fair value is determined using similar methods to those used to measure over the counter (OTC) derivatives. The fair value of OTC derivatives is the sum of the future cash flows resulting from the instrument, discounted to present value at the date of valuation (“present value” or “theoretical close”) using valuation techniques commonly used by the financial markets: “net present value” (NPV) and option pricing models, among other methods. Specifically, the fair value of financial derivatives included in the portfolios of financial assets or liabilities held for trading is deemed to be their daily quoted price. If, for exceptional reasons, the quoted price cannot be determined on a given date, the fair value is determined using similar methods to those used to measure over the counter (OTC) derivatives. The fair value of OTC derivatives is the sum of the future cash flows resulting from the instrument, discounted to present value at the date of valuation (“present value” or “theoretical close”) using valuation techniques commonly used by the financial markets: “net present value” (NPV) and option pricing models, among other methods. Note 1 – General Information and Summary of Significant Accounting Policies, continued Also, within the fair value of derivatives are included Credit Valuation Adjustment (CVA) and Debit Valuation Adjustment (DVA), all with the objective that the fair value of each instrument includes the credit risk of its counterparty and Bank’s own risk. The Credit valuation adjustment (CVA) is a valuation adjustment to OTC derivatives as a result of the risk associated with the credit exposure assumed by each counterparty. The CVA is calculated taking into account potential exposure to each counterparty in each future period. The debit valuation adjustment (DVA) is a valuation adjustment similar to the CVA but, in this case, it arises as a result of the Bank’s own risk assumed by its counterparties in OTC derivatives. (ii) Valuation techniques Financial instruments at fair value, determined on the basis of price quotations in active markets, include government debt securities, private sector debt securities, equity shares, short positions, and fixed-income securities issued. In cases where price quotations cannot be observed in available markets, the Bank’s management determines a best estimate of the price that the market would set using its own internal models. In most cases, these models use data based on observable market parameters as significant inputs however for some valuations of financial instruments, significant inputs are unobservable in the market. To determine a value for those instruments, various techniques are employed to make these estimates, including the extrapolation of observable market data. The most reliable evidence of the fair value of a financial instrument on initial recognition usually is the transaction price, however due to lack of availability of market information, the value of the instrument may be derived from other market transactions performed with the same or similar instruments or may be measured by using a valuation technique in which the variables used include only observable market data, mainly interest rates. The main techniques used as of December 31, 2022 and 2021 by the Bank’s internal models to determine the fair value of the financial instruments are as follows: i. In the valuation of financial instruments permitting static hedging (mainly forwards and swaps), the present value method is used. Estimated future cash flows are discounted using the interest rate curves of the related currencies. The interest rate curves are generally observable market data. ii. In the valuation of financial instruments requiring dynamic hedging (mainly structured options and other structured instruments), the Black- Scholes model is normally used. Where appropriate, observable market inputs are used to obtain factors such as the bid-offer spread, exchange rates, volatility, correlation indexes and market liquidity. iii. In the valuation of certain financial instruments exposed to interest rate risk, such as interest rate futures, caps and floors, the present value method (futures) and the Black-Scholes model (plain vanilla options) are used. The main inputs used in these models are observable market data, including the related interest rate curves, volatilities, correlations and exchange rates. The fair value of the financial instruments calculated by the aforementioned internal models considers contractual terms and observable market data, which include interest rates, credit risk, exchange rates, quoted market price of shares, volatility and prepayments, among others. The Bank’s management considers that its valuation models are not significantly subjective, since these methodologies can be adjusted and evaluated, as appropriate, through the internal calculation of fair value and the subsequent comparison with the related actively traded price. |
Recognizing income and expenses | o) The most significant criteria used by the Bank to recognize its revenues and expenses are summarized as follows: (i) Interest income, interest expense, and similar items Interest income and expense are recorded on an accrual basis using the effective interest method. Interest income is calculated by applying the effective interest rate to the gross carrying amount of financial assets, except for financial assets that have subsequently become credit-impaired (or ‘stage 3’), for which interest revenue is calculated by applying the effective interest rate to their amortized cost (i.e. net of the ECL provision). (ii) Dividends received Dividends received from investments in other companies are recognized on income when the right to receive them arises and are recorded in the item “Income from investments in companies”. (iii) Commissions, fees, and similar items Fee and commission income and expenses are recognized in the Consolidated Statement of Income (Loss) as set forth on IFRS 15 “Revenue from contracts with customers”, based on the terms of the contract held with customers, excluding amounts collected on behalf of third parties. The Bank recognizes revenue as the performance obligations is fulfilled by transferring a service to a customer; under this definition an asset is transferred when (or as) the customer obtains control of that asset or a services is rendered. The Bank considers the terms of the contract and its customary business practices to determine the transaction price. The transaction price is the amount of consideration to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third parties. The Bank transfers control of a good or service over time and, therefore, satisfies a performance obligation and recognizes revenue over time, and/or the Bank satisfies the performance obligation at a point in time. The main revenues arising from commissions, fees and similar items correspond to: ● Fees and commissions for lines of credits and overdrafts: includes accrued fees related to granting lines of credit and overdrafts in checking accounts. ● Fees and commissions for guarantees and letters of credit: includes accrued fees in the period relating to granting of guarantee payment for current and contingent third party obligations. ● Fees and commissions for card services: includes accrued and earned commissions in the period related to use of credit cards, debit cards and other cards. ● Fees and commissions for management of accounts: includes accrued commissions for the maintenance of checking, savings and other accounts ● Fees and commissions for collections and payments: includes income arising from collections and payments services provided by the Bank. Note 1 – General Information and Summary of Significant Accounting Policies, continued ● Fees and commissions for intermediation and management of securities: includes income from brokerage, placements, administration and securities’ custody services. ● Fees and commissions for insurance brokerage fees: includes income arising for insurances distribution. ● Other fees and commissions: includes income arising from currency changes, financial advisory, cashier check issuance, placement of financial products and online banking services. The main expenses arising from commissions, fees and similar items correspond to: ● Compensation for card operation: includes commission expenses for credit and debit card operations related to income commissions’ card services. ● Fees and commissions for securities transactions: includes commissions’ expense for deposits, securities custody service and securities’ brokerage. ● Other fees and commissions: includes mainly expenses generated from online services. The Bank has incorporated disaggregated revenue and expense disclosures and reportable segment relationship in Note 26. Additionally, the Bank grants a group of benefits to its cardholders for which, in accordance with IFRS 15, has established provisions enough to comply with its performance obligations when these benefits become enforceable. (iv) Loan arrangement fees Fees that arise as a result of the origination of a loan, mainly application and analysis-related fees, are deferred and charged to the Consolidated Statement of Income (Loss) over the term of the loan. In the case of commitment fees these are immediately recorded in the Consolidated Statement of Income (Loss) when it is unlikely that a specific lending arrangement will be entered into and the loan commitment is not measured at FVTPL. |
Impairment | p) Assets are acquired or purchased based on the future economic benefits they produce. Accordingly, impairment is recorded when the carrying amount of those assets is lower than the recoverable amount, assets are subject to impairment tests in order to properly reflect the future economic benefits that assets are capable to produce when used by the Bank. The Bank assesses on a forward-looking basis the expected credit losses (ECL) associated with its debt instrument assets carried at amortized cost and FVTOCI and with the exposure arising from loan commitments and financial guarantee contracts. The Bank recognizes a loss allowance for such losses at each reporting date. The measurement of ECL reflects: ● ● ● The Bank follows the criteria described below in order to assess impairment, when applicable: Note 1 – General Information and Summary of Significant Accounting Policies, continued (i) A financial asset, other than those recorded at fair value through profit and loss, is evaluated on each financial statement reporting date in order to determine whether objective evidence of impairment exists. At the end of each reporting period the Bank assesses if objective evidence exist for a financial asset or group of financial assets to be impaired. A financial asset or group of financial assets will be impaired if, and only if, objective evidence of impairment exists as a result of one or more events that occurred after initial recognition of the asset (“event causing the loss”), and this event or events causing the loss have an impact on the estimated future cash flows of a financial asset or group of financial assets. An impairment loss relating to financial assets recorded at amortized cost is calculated as the difference between the recorded amount of the asset and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate. Objective evidence for an asset or group of assets to be impaired includes the following events that cause losses: (i) significant financial difficulties of the issuer or debtor; (ii) noncompliance of the terms of the contract; (iii) the lender, due to economic or legal reasons related to financial difficulties of the debtor, grants waivers or give unusual conditions that will not be granted in normal circumstances; (iv) it is probable that the debtor is in bankruptcy or in another form of financial reorganization; (v) there is no longer a market for the financial asset due to financial difficulties; or (vi) observable data indicates that since initial recognition of a group of financial assets there is a decrease in the estimated future cash flows regardless of individual identification for each asset, including data about: (a) adverse changes in the payment behavior of debtors in the group; or (b) local or national economic conditions correlated to non-compliant in the group. Individually significant financial assets are individually assessed to determine their impairment. The remaining financial assets are collectively evaluated in groups that share similar credit risk characteristics. FVTOCI investments are presented at its fair value and its changes in fair value are recorded within equity. The accumulated changes in fair value are transferred to profit or loss when the investment is derecognized or impaired. The ECL from investments measured at FVTOCI are transferred to profit or loss. If impairment evidence exists, any amount previously recorded in equity is transferred from equity to the Consolidated Statement of Income (Loss), presented as FVTOCI investments net gains or losses. This amount is calculated as the difference between acquisition cost (net of any amortization and reimbursement) and the current fair value of the asset, less any impairment loss on the investment previously recorded in the Consolidated Statement of Income (Loss). In respect to equity financial investments, impairment losses previously recognized in the Consolidated Statement of Income (Loss) are not reversed through income. Any increase in fair value subsequent to an impairment loss is recognized in other comprehensive income and accumulated under FVTOCI as part of “Valuation accounts”. All impairment losses are recorded in income. Any impairment loss relating to a financial asset FVTOCI previously recorded in equity is transferred to profit or loss. The reversal of an impairment loss occurs only if it can be objectively related to an event occurring after the initial impairment loss was recorded. The reversal of an impairment loss shall not exceed the carrying amount that would have been determined if no impairment loss has been recognized for the asset in prior years. The reversal is recorded in income with the exception of FVTOCI equity financial assets, in which case it is recorded in other comprehensive income (loss). Note 1 – General Information and Summary of Significant Accounting Policies, continued (ii) The Bank’s non-financial assets, are reviewed at each reporting date to determine whether they show signs of impairment (i.e. its carrying amount exceeds its recoverable amount). If any such evidence exists, the recoverable amount of the asset is estimated, in order to determine the extent of the impairment loss. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognized immediately in profit or loss. Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. In connection with other assets, impairment losses recorded in prior periods are assessed at each reporting date to determine whether the loss has decreased and should be reversed. The increased carrying amount of an asset other than goodwill attributable to a reversal of an impairment loss shall not exceed the carrying amount that would have been determined (net of amortization or depreciation) had no impairment loss been recognized for the asset in prior years. Goodwill impairment is not reversed. The Bank shall assess at the end of each reporting period whether there is any indication that an impairment loss recognized in prior periods for an asset other than goodwill may no longer exist or may have decreased. If any such indication exists, the entity shall estimate the recoverable amount of that asset. In assessing whether there is any indication that an impairment loss recognized in prior periods for an asset other than goodwill may no longer exist or may have decreased, an entity shall consider, as a minimum, external sources of information, such as there are observable indications that the asset’s value has increased significantly during the period; significant changes with a favorable effect on the entity have taken place during the period, or will take place in the near future, in the technological, market, economic or legal environment in which the entity operates or in the market to which the asset is dedicated; market interest rates or other market rates of return on investments have decreased during the period, and those decreases are likely to affect the discount rate used in calculating the asset’s value in use and increase the asset’s recoverable amount materially and internal sources of information such as significant changes with a favorable effect on the entity have taken place during the period, or are expected to take place in the near future, in the extent to which, or manner in which, the asset is used or is expected to be used. These changes include costs incurred during the period to improve or enhance the asset’s performance or restructure the operation to which the asset belongs. In the case of goodwill and indefinite useful life intangible assets or not yet available for use the recoverable amount is estimated at least annually. When impairment exists the carrying amount of the asset shall be reduced to its recoverable amount if, and only if, the recoverable amount of an asset is less than its carrying amount. This reduction is an impairment loss. An impairment loss shall be recognized immediately in profit or loss, unless the asset is carried at revalued amount in accordance with another standard. Any impairment loss of a revalued asset shall be treated as a revaluation decrease in accordance with that other standard. Note 1 – General Information and Summary of Significant Accounting Policies, continued When the amount estimated for an impairment loss is greater than the carrying amount of the asset to which it relates, an entity shall recognize a liability if, and only if, that is required by another standard. After the recognition of an impairment loss, the depreciation (amortization) charge for the asset shall be adjusted in future periods to allocate the asset’s revised carrying amount, less its residual value (if any), on a systematic basis over its remaining useful life. If an impairment loss is recognized, any related deferred tax assets or liabilities are determined in accordance with IAS 12 “ Income Taxes Impairment losses recognized in previous years are assessed at the end of each reporting period in order to identify any indication for impairment reduction or disappearance. The increased carrying amount of an asset other than goodwill attributable to a reversal of an impairment loss shall not exceed the carrying amount that would have been determined (net of amortization or depreciation) had no impairment loss been recognized for the asset in prior years. (iii) Goodwill is tested annually in order to determine if impairment losses exist and whenever there is an indication that the carrying value may be impaired. The impairment of goodwill is determined by evaluating the recoverable amount of each CGU (or group of CGUs) to which the goodwill relates. An impairment loss is recognized when the recoverable amount of the CGU is less than its carrying amount. For the purpose of impairment testing, goodwill acquired in a business combination shall, from the acquisition date, be allocated to each of the acquirer’s cash-generating units, or groups of cash-generating units irrespective of whether other assets or liabilities of the acquire are assigned to those units or groups of units. An impairment loss recognized for goodwill shall not be reversed in a subsequent period. According to IAS 36 “ Impairment of Assets |
Property, plant and equipment | q) Items of property, plant and equipment are measured at acquisition cost, net of accumulated depreciation and impairment, if any. In addition to the price paid to acquire each item, the cost also includes, where applicable, the capitalized cost. The capitalized cost includes expenses attributed directly to the asset acquisition and any other costs directly attributable to the process of placing the asset in conditions to be used. When some part of an item of the plan and equipment are measured has a different useful life to that fixed asset, it is recognized as a separate component (significant components of plan and equipment are measured). This item includes the amounts of property, land, furniture, vehicles, technological equipment and other facilities own by the consolidated entities or acquired under financial leases. These assets are classified based on their use in: Note 1 – General Information and Summary of Significant Accounting Policies, continued (i) Property, plant and equipment for own use includes but is not limited to tangible assets received by the consolidated entities in full or partial satisfaction of financial assets representing accounts receivable from third parties which are intended to be held for continuing own use and tangible assets acquired under finance leases. These assets are presented at acquisition cost less the related accumulated depreciation and, if applicable, any impairment losses (when net carrying amount was higher than recoverable amount). For accounting purposes, acquisition cost of the received asset is considered to be its net amount. Depreciation is calculated using the straight line method over the acquisition cost of assets less their residual value, assuming that the land on which buildings and other structures stand has an indefinite life and, therefore, is not subject to depreciation. Property, plant and equipment in leased properties are depreciated over the shorter period of time between their useful lives or the term of the lease, unless it is certain that the Bank will acquire the property at the end of the lease. Maintenance expenses relating to tangible assets held for own use are recorded as an expense in the period in which they are incurred. (ii) The criteria used to record the acquisition cost of assets leased out under operating leases, to calculate their depreciation and their respective estimated useful lives, and to record the impairment losses thereof, are consistent with those described in relation to property, plant and equipment held for own use. |
Intangible assets | r) Intangible assets are identified as non-monetary assets (separately identifiable from other assets) without physical substance which arise as a result of legal or contractual rights or it is separable. The Bank recognizes an intangible asset, whether purchased or self-created (at cost), when the cost of the asset can be measured reliably and it is probable that the future economic benefits that are attributable to the asset will flow to the Bank. The cost of intangible assets acquired in a business combination correspond to its fair value at the acquisition date. Intangible assets are recorded initially at acquisition or production cost and are subsequently measured at cost less any accumulated amortization and any accumulated impairment losses. An entity shall assess whether the useful life of an intangible asset is finite or indefinite and, if finite, the length of, or number of production or similar units constituting, that useful life. An intangible asset shall be regarded by the entity as having an indefinite useful life when, based on an analysis of all of the relevant factors, there is no foreseeable limit to the period over which the asset is expected to generate net cash inflows for the entity. The accounting for an intangible asset is based on its useful life. An intangible asset with a finite useful life is amortized over its useful life, and it is reviewed in order to determine if the asset is impaired, the amortization period and the amortization method shall be reviewed at least at each financial year-end. An intangible asset with an indefinite useful life are not amortized and the entity tests for impairment by comparing its recoverable amount with its carrying amount annually and whenever there is an indication that the intangible asset may be impaired. Internally developed computer software is recorded as an intangible asset if, among other requirements (basically the Bank’s ability to use or sell it), it can be identified and its ability to generate future economic benefits can be demonstrated. Note 1 – General Information and Summary of Significant Accounting Policies, continued Expenditure on research activities is recorded as an expense in the year in which it is incurred and cannot be subsequently capitalized. (i) Software acquired by the Bank is recognized at cost less the accumulated amortization and impairment, if any. The expenses in software developed internally are recorded as assets when the Bank is capable of proving its intention and ability to complete development, when internal use will generate future economic benefits, and when the cost of completing its development can be reliably measured. The capitalized costs of the software developed internally include all the direct costs attributable to the development of the software, and it is amortized over the course of its useful life. Software developed internally is recorded at cost less the accumulated amortization and losses from impairment. The subsequent expenditures associated with the asset are capitalized only when future economic benefits from them will flow to the entity. The rest of the expenditures are recognized in income. Intangible assets are amortized on a straight-line basis over their estimated useful life; starting on the date it is ready for use. (ii) According to IFRS 3 “ Business combinations As set forth by IAS 38 “ Intangibles assets Business combinations In connection with the aforementioned, the business combination between Banco Itaú Chile and Corpbanca gave rise to intangible assets and Goodwill as indicated in Note 13 Intangible Assets. (iii) Correspond to those intangible assets that can be identified, the Bank controls them, can be reliably measured and it is probable that future benefits will flow to the Bank. |
Factoring transactions | s) The Bank performs operations with their clients, in which they receive invoices and other credit representative trading instruments with or without recourse to the transferor, anticipating a percentage of the total amount receivable of the borrower upon collection. These transactions are valued at the disbursed amounts by the Bank in exchange for invoices or other credit representative trading instruments. The price differences between the disbursed amounts and the notional amount of the documents are recorded in the Consolidated Statement of Income (Loss) as interest income applying the effective interest rate method, over the term of the transaction. The responsibility of payment remains with the client (assignor). |
Leases | t) At commencement date, the right-of-use asset is measured at cost. The cost of right-of-use asset includes (a) the amount of the initial measurement of the lease liability; (b) any lease payments made at or before the commencement date, less any lease incentives received; (c) the initial direct costs incurred by the Bank; and (d) an estimate of the costs to be incurred by the Bank in dismantling and disposing of the underlying asset, restoring the place where it is located or restoring the underlying asset to the condition required by the terms and conditions of the lease. After the initial recognition date, the Bank measures the assets by the right of use by applying the cost model, which is defined as the asset by the right of use measured at cost (a) less any accumulated depreciation and any accumulated impairment losses; and (b) adjusted by any new measurement of the lease liability. The Bank applies the depreciation requirements established by IAS 16 "Property, plant and equipment" If the lease transfers ownership of the underlying asset to the Bank at the end of the lease term or if the cost of the right-of-use asset reflects that the Bank will exercise a purchase option, the Bank depreciates the right-of-use asset from the start date of the lease to the end of the useful life of the underlying asset. Otherwise, the Bank depreciates the right-of-use asset from the start date to the end of the useful life of the asset to which it has a right of use or to the end of the lease term, whichever occurs first. The Bank applies IAS 36 "Impairment of assets" As of December 31, 2022, the Bank has not identified any impairment for the right-of-use assets under lease. (ii) Lease liability The Bank measured the lease liability as the present value of lease payments that have not been paid as of that date. Lease payments are discounted using the interest rate implicit in the lease, if that rate can be easily determined. If that rate cannot be readily determined, the Bank uses its incremental borrowing rate (cost of funding). The lease payments included in the measurement of the lease liability comprise the following payments for the right-of-use the underlying asset during the term of the not cancelable at the measurement date, which includes (a) fixed payments, less any lease incentive receivable; (b) variable lease payments, which depend on an index or a rate, recently measured using the index or rate on the start date; (c) it matters that the lessee expects to pay as residual value guarantees; (d) the exercise price of a purchase option if the lessee is reasonably sure to exercise that option; and (e) payments for penalties arising from the termination of the lease, if the term of the lease reflects that the lessee exercises an option to terminate the lease. After the date of initial recognition, the Bank measures the lease liability in order to recognize (a) the interest on the lease liability; (b) lease payments made; and (c) the new measurements or modifications of the lease, and also for fixed lease payments that have essentially been reviewed. Note 1 – General Information and Summary of Significant Accounting Policies, continued The Bank makes new measures of the lease liability discounting the modified lease payments, if (a) there is a change in the expected amounts payable related to a residual value guarantee. A lessee will determine the lease payments to determine the change in the amounts expected to be paid under the residual value guarantee; (b) there will be a change in future lease payments determined from a change in an index or a rate used to determine those payments. The Bank measures the lease liability again to modify the modified lease payments only when there is a change in cash flows. The Bank will determine the revised lease payments, for the remainder of the lease term, based on the revised contractual payments. The rent of the lease agreements is agreed in UF and paid in Chilean pesos. According to that, monthly variation in UF should be treated as a new measurement, and therefore, inflation-indexation adjustments should be recognized as a modification to the obligation and the right-of-use asset. |
Expected credit losses allowance | u) The Bank uses an “expected credit loss (ECL)” model. The impairment model applies to all financial assets measured at amortized cost and debt securities measured at fair value through other comprehensive income (FVTOCI), including commitment and contingent loans. Investments in equity are outside of the scope of the impairment requirements. The Bank accounted ECL related to financial assets measured at amortized cost as a loss allowance in the statements of financial position, but the carrying amount of these assets is stated net of the loss allowance. ECL related to contingent loans is accounted for as a provision in the statements of financial position. The Bank recognizes in profit or loss, as an impairment gain or loss, the amount of ECL (or reversal) required to adjust the loss allowance at the reporting date, for financial assets measured at amortized cost and contingent loans. The model uses a dual measurement approach, under which the loss allowance is measured as either: ● 12-month expected credit losses ● Lifetime expected credit losses The Bank has defined default on an individual or collective basis as follows: ● Individual: ● Collective: when exposure is more than 89 days past due, it has been restructured, or has been identified as impaired by an internal risk committee. For An instrument is considered to be no longer in default when it no longer meets the default criteria for a consecutive period between 4-11 months, depending on the type of loan. Note 1 – General Information and Summary of Significant Accounting Policies, continued The ECL measurement basis depends on whether there has been a significant increase in credit risk since initial recognition. Based on changes in credit quality since initial recognition, IFRS 9 outlines a “three-stage” model impairment in accordance with the following diagram: Change in credit quality since initial recognition Stage 1 Stage 2 Stage 3 Initial recognition Significant increase in credit risk (“SICR”) since initial recognition Credit impaired assets 12-month expected credit losses Lifetime expected credit losses Lifetime expected credit losses The Bank, at the end of each reporting period, evaluates whether a financial instrument’s credit risk has significantly increased since initial recognition or whether an asset is considered to be credit-impaired, and consequently classify financial instrument in the respective stage: ● Stage 1: ● Stage 2: ● Stage 3: Loans considered credit-impaired. The Bank records an allowance based on lifetime ECL, setting the Probability of Default (“PD”) at 100% . Our assessment of a SICR and the calculation of ECL incorporate forward-looking information. We perform historical analysis and identify the key economic variables that impact credit risk and ECL for each portfolio. These can include GDP, inflation, interest rates and unemployment, among others. Where applicable, we incorporate these economic variables and their associated impacts into our models. Credit risk assessment and forward-looking information (including macro-economic factors), includes quantitative and qualitative information based on our historical experience, some examples are: a. Financial or economic conditions that are expected to cause a significant change in the borrower’s ability to meet its debt obligations. b. An actual or expected internal credit rating downgrade for the borrower or decrease in behavioral scoring. c. Significant increases in credit risk on other financial instruments of the same borrower. If contractual payments are more than 30 days past due, the credit risk is deemed to have increased significantly since initial credit recognition, but we do not consider this an absolute indicator. We did not rebut the backstop presumption of IFRS 9 relating to SICR or default. Additionally, we use the below criteria for SICR based on increased risk: ● Individual: the risk classifications granted by the CMF, looking for changes between the initial recognition and the reference in time of the expected credit loss calculation is made. Collective: Note 1 – General Information and Summary of Significant Accounting Policies, continued (i) Expected credit loss measurement The ECL are the probability-weighted estimate of credit losses, i.e. the present value of all cash shortfalls. A cash shortfall is the difference between the cash flows that are due to an entity in accordance with the contract and the cash flows that the entity expects to receive. The three main components to measure the ECL are: PD: LGD: EAD: For measuring 12-month and lifetime ECL, cash shortfalls are identified as follows: ● 12-month expected credit losses: the portion of lifetime expected credit losses that represents the expected credit losses that result from default events on the financial instruments that are possible within the 12 months after the reporting date. ● Lifetime expected credit losses: the expected credit losses that result from all possible default events over the expected life of the financial instrument. The Bank considered a multi-factor analysis to perform credit risk analysis. The type of portfolio or transactions, and whether individually or collectively assessed. The Bank divides its portfolio in commercial loans, mortgage loans, consumer loans and contingent loans. The Bank assesses individually whether objective evidence of impairment exists for loans that are individually significant, then collectively assesses loans that are not individually significant and loans which are significant but for which there is no objective evidence of impairment available under individually assessment. (ii) Contingent loans The Bank enters into various irrevocable loan commitments and contingent liabilities. Even though these obligations may not be recognized on the statements of financial position, they contain credit risk and, therefore, form part of the overall risk of the Bank. When the Bank estimates the ECL for contingent loans, it estimates the expected portion of the loan commitment that will be drawn down over its expected life. Note 1 – General Information and Summary of Significant Accounting Policies, continued (iii) Forward looking information The ECL model includes a broad range of forward looking information as economic inputs, such as: ● Copper Price ● Unemployment rates ● Central Bank interest rates ● GDP ● Monthly Index of Economic Activity ● Inflation rates (iv) Modifications of financial assets When a loan measured at amortized cost has been renegotiated or modified but not derecognized, the Bank recognizes the resulting gains or losses as the difference between the carrying amount of the original loans, and modified contractual cash flows discounted using the EIR before modification. The EIR is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial asset or financial liability to the gross carrying amount of a financial asset or to the amortized cost of a financial liability. For ECL estimation purposes of financial assets that have been modified, we are required to distinguish between modification that results in derecognition from those that do not result in derecognition. By internal definition, the generation of a modified asset must derecognize the original asset. However, there are specific situations whereby a modified asset may have not been derecognized, for a limited period of time. Due to the above, the SICR evaluation is made by comparing the risk of the financial asset at the reporting date versus the initial recognition date. Additionally, for the calculation of ECL, modified assets recognize a higher risk than the original asset in order to differentiate their risk with respect to unmodified assets (v) Collateral The Banks seeks to use collateral to mitigate its credit risks on financial assets, where possible. Types of collateral are cash, securities, letters of credit, real estate and inventories. Collateral, unless repossessed, is not recorded on the Bank’s statements of financial position. However, the fair value of collateral affects the calculation of ECLs. The main collateral associated to mortgage loans are real estate, which are valued based on data provided by specialized third parties. The estimation of ECL reflects the cash flows expected from collateral and other credit enhancement that are part of the contractual terms of the financial instruments. According to the Bank’s policy when an asset (real estate) is repossessed, it is transferred to assets held for sale at its fair value less cost to sell and classified as non-financial assets at the repossession date. (vi) Charge-offs The gross carrying amount of a financial asset is reduced when there is no reasonable expectation of recovery and all collection efforts have been exhausted. A charge-off constitutes a derecognition event of the corresponding loan transaction in its entirety, and therefore, include portions not past-due for installments loans or leasing operation (no partial charge-off). Note 1 – General Information and Summary of Significant Accounting Policies, continued Subsequent recoveries of amounts previously charge-off are credited to the income statements, as recovery of loans previously charged-off, as a deduction from provisions for loan losses. |
Income taxes and deferred taxes | v) The Bank has recognized an expense (income) arising from gains or losses for each year, according to the applicable taxation rules for each country or jurisdiction it operates. The Bank records, when appropriate, deferred tax assets and liabilities for the estimated future tax effects attributable to differences between the carrying amount of assets and liabilities and their tax bases. The measurement of deferred tax assets and liabilities is based on the tax rate, in accordance with the applicable tax laws, using the tax rate that applies to the period when the deferred asset and liability will be settled. The future effects of changes in tax legislation or tax rates are recorded in deferred taxes beginning on the date on which the law is enacted or substantially enacted. |
Provisions and contingent assets and liabilities | w) When preparing the financial statements of the consolidated entities, the Bank’s directors made a distinction between: Provisions: credit balances covering present obligations at the reporting date arising from past events which could give rise to a loss for the consolidated entities, which is considered to be more likely than not to occur and certain as to its nature but uncertain as to its amount and/or timing. Contingent liabilities: possible obligations that arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more future events not wholly within the control of the consolidated entities. They include the present obligations of the consolidated entities when it is not probable that an outflow of resources embodying economic benefits will be required to settle them. The Group does not recognize the contingent liability. The Group will disclose a contingent liability, unless the possibility of an outflow of resources embodying economic benefits is remote. Contingent assets: possible assets that arise from past events and whose existence is conditional on, and will be confirmed only by, the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Group. Contingent assets are not recognized in the consolidated balance sheet or in the consolidated income statement, but rather are disclosed in the notes, provided that it is probable that these assets will give rise to an increase in resources embodying economic benefits. The Group’s consolidated financial statements include all the material provisions with respect to which it is considered that it is more likely than not the obligation will have to be settled. In accordance with accounting standards, contingent liabilities must not be recognized in the consolidated financial statements, but must rather be disclosed in the notes. Provisions, which are quantified on the basis of the best information available on the consequences of the event giving rise to them and are reviewed and adjusted at the end of each year, are used to cater for the specific obligations for which they were originally recognized. Provisions are fully or partially reversed when such obligations cease to exist or are reduced. Provisions are classified according to the obligations covered as follows (See Note 21): Provision for pensions and similar obligations: includes the amount of all the provisions made to cover post-employment benefits, including obligations to pre-retirees and similar obligations. Note 1 – General Information and Summary of Significant Accounting Policies, continued Provisions for contingent liabilities and commitments: include the amount of the provisions made to cover contingent liabilities -defined as those transactions in which the Group guarantees the obligations of a third party, arising as a result of financial guarantees granted or contracts of another kind- and contingent commitments -defined as irrevocable commitments that may give rise to the recognition of financial assets. Provisions for taxes and other legal contingencies and other provisions: include the amount of the provisions recognized to cover tax and legal contingencies and litigation and the other provisions recognized by the consolidated entities. Other provisions includes, inter alia, any provisions for restructuring costs and environmental measures. Provisions for restructuring cost: these are constructive obligations that arise from a restructuring plan. A restructuring plan is a program that is planned and controlled by management, which changes either the scope of the business undertaken, or the manner in which that business is conducted. The provisions for restructuring cost are recognized in accordance with IAS 37 “Provisions, Contingent Liabilities and Contingent Assets” once the Bank has a real expectation of executing the plan, either by having started to execute the plan or by having announced its main characteristics to those who are going to be affected. |
Employee benefits | x) Short-term benefits Correspond to personnel benefits (other than termination benefits) that are expected to be settled within twelve months after year end over which the employees have rendered their services. These are recognized when the employee has rendered the service and are measured at the undiscounted amount of benefits expected to be paid in exchange for that service: ● as a liability (accrued expense), after deducting any obligation already satisfied. If the amount already paid is higher than the gross amount of the benefits, the Bank will recognize this excess as an asset (amount paid in advance), when it represents a reduction of future payments or a recoverable amount in cash. ● as an expense when the entity consumes the economic benefit arising from the service provided by an employee in exchange for employee benefits, unless other IFRS requires or allows the recognition of those disbursements as part of the cost of an asset. Personnel vacations The annual cost of personnel vacations and benefits are recognized on an accrual basis. Post-employment benefits Correspond to employee benefits (other than termination benefits and short-term employee benefits) that are expected to be settled after the completion of employment. Post-employment benefits plans are agreements, formal and informal, in which the Bank is committed to provide benefits to one or more employees after termination of their employment. Plans providing these benefits are classified as either defined contribution plans or defined benefit plans, depending on the economic substance of the plan as derived from its principal terms and conditions. Note 1 – General Information and Summary of Significant Accounting Policies, continued Defined contribution plans: the obligation is recognized for the amounts to be contributed in the period. Defined benefit plans: a liability is recognized based on the estimated benefit cost that employees have accrued for services rendered, less the present value of the defined benefit obligation and present value of present services. Present service cost and gain or loss upon settlement will be recognized in the income statement for the period. Gains and losses generated from the remeasurement of the liability will be recognized in other comprehensive income. Other long-term benefits Other long-term employee benefits are employee benefits, other than short-term, post-employment and termination benefits, which are not due for payment within 12 months after the end of the period in which the employees render the service. The regulations require the recognition of a liability for the present value of the defined benefit obligation less the fair value of the plan assets, if any. The results generated from its remediation will be recognized in the results of the period. Termination benefits Termination benefits are employee benefits provided in exchange for the termination of an employee’s employment, as a consequence of: ● a decision of the entity to terminate the employee’s employment before the normal termination date; or ● the decision of an employee to accept an offer with benefits in order to terminate the employment before the normal termination date. An entity recognizes a liability and expense for termination benefits at the earlier of the following dates: ● when the entity can no longer withdraw the offer of those benefits; and ● when the entity recognizes costs for a restructuring that is within the scope of IAS 37 “ Provisions, Contingent Liabilities and Contingent Assets |
Provision for mandatory dividends | y) The Bank recorded a provision for mandatory dividends calculated as a portion of income for the year in order to comply with dispositions of the Chilean Corporations Act (Ley de Sociedades Anónimas) which requires to distribute at least 30% of income of the year, consistent with the Bank’s internal policy. For fiscal year 2022 and 2021, the Bank provisioned 30% of its profits. This provision is recorded as a decrease in “Retained earnings” under “Provision for minimum dividends” within the Statement of Changes in Consolidated Equity. In the Bank’s bylaws, title VII, it is established that the Bank should distribute annually as a dividend to its shareholders, as a proposal of the Board of Directors and based on the number of shares, at least thirty percent (30%) of the net income of the year. Furthermore, no dividends distribution will take place if there are equity losses (negative reserves) until these losses are recovered or if a dividend distribution will cause a non-compliance of the capital requirements established by the Ley General de Bancos (General Bank Law). |
Assets received or awarded in lieu of payment | z) Assets received or awarded in lieu of payment Assets received or awarded in lieu of payment of loans and accounts receivable from clients are recognized at their fair value (as determined by an independent appraisal). A price is agreed upon by the parties through negotiation or, when the parties do not reach an agreement, at the amount at which the Bank is awarded those assets at a judicial auction. In both cases, an independent appraisal is performed. The excess of the outstanding loan balance over the fair value is charged to net income for the year, under “Provision for loan losses”. Any excess of the fair value over the outstanding loan balance, less costs to sell of the collateral, is returned to the client. These assets are subsequently adjusted to their net realizable value less cost to sale, and the difference between the carrying value of the asset and the estimated fair value less costs to sell is charged to income, under “Other operating expenses”. |
Customer loyalty programs | aa) The Bank maintains a loyalty program to provide incentives to its customers, allowing them to purchase goods or services with certain benefits which are granted through credit cards issued by the Bank when they purchase according to the conditions established for each loyalty program. The Bank has an adequate level of provisions in order comply with its current obligations and to properly reflect the associated expense when providing the benefits. |
Non- current assets held for sale (in "Other Assets") | bb) Non-current assets (or a group holding assets and liabilities for disposal) expected to be recovered mainly through the sale of these items rather than through the continued use, are classified as held for sale. Immediately prior to this classification, assets (or elements of a disposable group) are re-measured in accordance with the Bank’s policies. The assets (or disposal group) are measured at the lower of carrying amount and fair value less cost to sell. Impairment losses in initial classification of non-current assets held for sale and with subsequent gains and losses are recorded in income. Gains are not recorded over previously recorded losses. |
Earnings per share | cc) Basic earnings per share are determined by dividing the net income attributable to the equity holders of the Bank for the reported period by the weighted average number of shares outstanding during the reported period. Diluted earnings per share are determined in the same way as basic earnings, but the weighted average number of outstanding shares is adjusted to take into consideration the potential diluting effect of stock options, warrants, and convertible debt. For the years ended December 31, 2022, 2021 and 2020 the Bank did not have any instruments that generated dilution. |
Consolidated Statement of Cash Flows | dd) The Bank presents cash flows from operating activities, investing activities, and financing activities in a manner that best represent the nature of its activities. The classification of cash flows into the aforementioned categories provides information that allows users to evaluate the impact of the transactions in the financial position of the Bank, as well as over the ending balance of cash and cash equivalents. This information can be also useful when evaluating the relation between those activities (IAS 7). For the preparation of the cash flow statement, the indirect method was used, starting with the Bank’s consolidated pre-tax income (loss) and incorporating non-cash transactions, as well as income and expenses associated with cash flows, which are classified as operating, investment or financing activities. For the preparation of the cash flow statement, the following items are considered: ● Cash flows ● Operating activities ● Investing activities ● Financing activities For cash flows statement purposes, it has been considered as cash and cash equivalents amounts included in “Cash and deposits in banks” plus the net amount of cash items in process of collection, plus trading investment and FVTOCI investments highly liquid and minimal value change risk which due date is less than three months since the acquisition date and investments under resale agreements under the same terms. Includes also investments in fixed income mutual funds which are presented under FVTPL / trading investments in the Consolidated Statement of Financial Position. The amounts for cash and cash equivalents and the corresponding reconciliation to the Consolidated Statement of Cash Flows are detailed in Note 5 “Cash and Cash Equivalents”. The provision for loan losses included under the operating activities section differs from the amount presented in the Consolidated Statement of Income (Loss), because such amount excludes recoveries of transactions previously charged-off for cash flows purposes. |
Consolidated Statement of Changes in Equity | ee) The Consolidated Statement of Changes in Equity presents all movements affecting net equity. This statement shows a reconciliation between opening and ending balances for the year for all items that form part of consolidated equity, grouping transactions based on their nature, according to the following: ● Adjustments due to accounting changes related to prior periods: Includes changes in equity as a consequence of restating amounts previously reported in the Consolidated Financial Statements resulting from accounting changes related to prior periods recognition. Note 1 – General Information and Summary of Significant Accounting Policies, continued ● Net comprehensive income for the year: Includes, in an aggregated manner, net income for the year and other comprehensive income for the year. ● Other changes in equity: Includes retained earnings distributions, equity increases, provision for mandatory dividends, dividends paid, among other increases or decreases in consolidated equity. This information is presented in two statements: The Consolidated Statement of Other Comprehensive Income (Loss) and the Consolidated Statement of Changes in Equity. |
Consolidated Statement of Other Comprehensive Income (Loss) | ff) In the Consolidated Statement of Other Comprehensive Income (Loss) are presented income and expenses generated by the Bank as a consequence of its regular activities during the year, clearly identifying those recorded in profit and loss from those recorded in net equity. Due to this, in this statement the following is shown: ● Income (loss) for the year. ● Net amount of income and expenses recorded in equity as “Valuation accounts”. ● Deferred income taxes originated by transactions described above, except for those amounts related to exchange differences from foreign net investments. Total amount of consolidated income and expenses recorded attributable to the equity holders of the Bank, calculated as the sum of the items listed above, is presented separately from non-controlling interest. |
New and revised accounting pronouncements introduced by IASB | gg) New and revised accounting pronouncements introduced by IASB 1) Standards and interpretations that are effective from January 1, 2022. 1.1) Amendment to IFRS 3 “Business Combinations” to update a reference to the Conceptual Framework. On May 14, 2020, the IASB published, amendments to IFRS 3 ‘Business Combinations’ that update an outdated reference in IFRS 3 without significantly changing its requirements. The changes in Reference to the Conceptual Framework (Amendments to IFRS 3): - Update IFRS 3 so that it refers to the 2018 Conceptual Framework instead of the 1989 Framework; - Add to IFRS 3 a requirement that, for transactions and other events within the scope of IAS 37 or IFRIC 21, an acquirer applies IAS 37 or IFRIC 21 (instead of the Conceptual Framework) to identify the liabilities it has assumed in a business combination; and - Add to IFRS 3 an explicit statement that an acquirer does not recognize contingent assets acquired in a business combination. The amendment is effective for annual reporting periods beginning on or after January 1, 2022. Early application is permitted if an entity also applies all other updated references (published together with the updated Conceptual Framework) at the same time or earlier. The Bank’s management has concluded that the adoption of the amendment had no significant impact on the Consolidated Financial Statements. Note 1 – General Information and Summary of Significant Accounting Policies, continued 1.2) Amendments to IAS 16 ‘Property, Plant and Equipment — Proceeds before Intended Use. On May 14, 2020, the IASB published amendments to IAS 16 regarding proceeds from selling items produced while bringing an asset into the location and condition necessary for it to be capable of operating in the manner intended by management. Amends the standard to prohibit deducting from the cost of an item of property, plant and equipment any proceeds from selling items produced while bringing that asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Instead, an entity recognizes the proceeds from selling such items, and the cost of producing those items, in profit or loss. The amendments is effective for annual periods beginning on or after 1 January 2022. Early application is permitted. The Bank’s management has concluded that the adoption of the amendment has no significant impact on the Consolidated Financial Statements. 1.3) Amendments to IAS 37 ‘Onerous Contracts — Cost of Fulfilling a Contract. On May 14, 2020, the IASB published ‘Onerous Contracts — Cost of Fulfilling a Contract (Amendments to IAS 37)’ amending the standard regarding costs a company should include as the cost of fulfilling a contract when assessing whether a contract is onerous. The changes in Onerous Contracts — Cost of Fulfilling a Contract (Amendments to IAS 37) specify that the ‘cost of fulfilling’ a contract comprises the ‘costs that relate directly to the contract’. Costs that relate directly to a contract may be incremental costs of performing that contract (examples would be direct labor, materials) or an allocation of other costs that relate directly to the performance of contracts (an example would be the allocation of the depreciation charge for a contract). Item of property, plant and equipment used to fulfill the contract). The amendment is effective for annual reporting periods beginning on or after January 1, 2022. Early application is permitted. The Bank’s management has concluded that the adoption of the amendment has no significant impact on the Consolidated Financial Statements. 1.4) Annual improvements to IFRS standards 2018–2020. On May 14, 2020, the IASB issued Annual Improvements to IFRS 2018-2020. The pronouncement contains amendments to four International Financial Reporting Standards (IFRS): IFRS 1 First-time Adoption of International Financial Reporting Standards – Subsidiary as a first-time adopter: The amendment permits a subsidiary that applies paragraph D16(a) of IFRS 1 to measure cumulative translation differences using the amounts reported by its parent, based on the parent’s date of transition to IFRS. IFRS 9 Financial Instruments – Fees in the ’10 per cent’ test for derecognition of financial liabilities: The amendment clarifies which fees an entity includes when it applies the ’10 per cent’ test in paragraph B3.3.6 of IFRS 9 in assessing whether to derecognize a financial liability. An entity includes only fees paid or received between the entity (the borrower) and the lender, including fees paid or received by either the entity or the lender on the other’s behalf. Note 1 – General Information and Summary of Significant Accounting Policies, continued IFRS 16 Leases- Lease incentives: The amendment to Illustrative Example 13 accompanying IFRS 16 removes from the example the illustration of the reimbursement of leasehold improvements by the lessor in order to resolve any potential confusion regarding the treatment of lease incentives that might arise because of how lease incentives are illustrated in that example. IAS 41 Agriculture. Taxation in fair value measurements: The amendment removes the requirement in paragraph 22 of IAS 41 for entities to exclude taxation cash flows when measuring the fair value of a biological asset using a present value technique. This will ensure consistency with the requirements in IFRS 13. The amendments to IFRS 1, IFRS 9, and IAS 41 published today are all effective for annual periods beginning on or after 1 January 2022. Early application is permitted. The amendment to IFRS 16 only regards an illustrative example, so no effective date is stated. The Bank’s management has concluded that the adoption of the improvements has no significant impact on the Consolidated Financial Statements. 2) Standards and interpretations that have been issued but are not yet effective 2.1) Amendments to IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2 – Making Materiality Judgments. On February 12, 2021, the IASB issued amendments to IAS 1 that require companies to disclose their significant accounting policy information rather than their significant accounting policies and issued amendments to IFRS Practice Statement 2 to provide guidance on how to apply the concept of materiality to accounting policy disclosures. The amendments to IAS 1 will be effective for annual reporting periods beginning on or after January 1, 2023, with early application permitted. The Bank’s management is evaluating the potential impact of the adoption of these amendments on its Consolidated Financial Statements. 2.2) Amendment to IAS 1 and IFRS Practice Statement 2 – Disclosures of accounting policies. On February 12, 2021, the IASB issued this amendment which is intended to assist preparers in deciding which accounting policies should be disclosed in their financial statements. The amendments include: − An entity is required to disclose its material accounting policy information rather than its significant accounting policies; − An explanation is provided on how an entity can identify material accounting policies and examples are given of when accounting policies are likely to be material; − The amendments clarify that accounting policy information may be material because of its nature, even if the related amounts are immaterial; the amendments clarify that accounting policy information is material if users of an entity’s financial statements would need it to understand other material information in the financial statements; and − The amendments clarify that, if an entity discloses immaterial accounting policy information, such information does not obscure material accounting policy information. In addition, IFRS Practice Statement 2 has been amended by adding examples to explain and demonstrate the application of the “four-step materiality process” to accounting policy information to support the amendments to IAS 1. Note 1 – General Information and Summary of Significant Accounting Policies, continued The amendments are applied prospectively. The amendments to IAS 1 are effective for annual periods beginning on or after January 1, 2023. Earlier application is permitted. Once an entity applies the amendments to IAS 1, it is also permitted to apply the amendments to IFRS Practice Statement 2. The Bank’s management will evaluate the impact that this amendment will have on the presentation of the Consolidated Financial Statements. 2.3) Amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors. On February 12, 2021, the IASB published amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors. The amendments clarify how companies should distinguish changes in accounting policies from changes in accounting estimates. That distinction is important because changes in accounting estimates apply prospectively only to future transactions and other future events, but changes in accounting policies generally also apply retrospectively to past transactions and other past events. The amendments to IAS 8 will be effective for annual reporting periods beginning on or after January 1, 2023, with early application permitted. The Bank’s management is evaluating the potential impact of the adoption of these amendments on its Consolidated Financial Statements. 2.4) Amendment to IAS 12 – Deferred tax related to assets and liabilities arising from a single transaction. On May 7, 2021, an amendment was issued on the treatment of deferred taxes on transactions such as leases and decommissioning obligations. In these situations, entities must recognize deferred assets and liabilities in the event that there are deductible and taxable temporary differences for the same amount. The amendments are effective for years beginning on January 1, 2023, with early application permitted. The Bank’s management is evaluating the potential impact of the adoption of this amendment on its Consolidated Financial Statements . 2.5) Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (amendments to IFRS 10 and IAS 28). The amendments to IFRS 10 Consolidated Financial Statements and IAS 28 Investments in Associates and Joint Ventures (2011) address a recognized inconsistency between the requirements of IFRS 10 and those of IAS 28 (2011) in the treatment of the sale or contribution of assets between an investor and its associate or joint venture. The amendments, issued in September 2014, state that when the transaction involves a business (whether it is in a subsidiary or not) the entire generated gain or loss is recognized. A partial gain or loss is recognized when the transaction involves assets that do not constitute a business, even when the assets are in a subsidiary. The effective date for these amendments is yet to be determined because the IASB is awaiting the results of its research project on the equity method accounting. These amendments must be applied retrospectively and early adoption is permitted, which must be disclosed. The Bank’s management will await the new effective date to evaluate the potential effects of these amendments. Note 1 – General Information and Summary of Significant Accounting Policies, continued 2.6) Amendments to IFRS 16 – Lease liability on a sale and leaseback. On September 22, 2022, the IASB issued this amendment which clarifies how a selling lessee subsequently measures sale and leaseback transactions that meet the requirements of IFRS 15 to be accounted for as a sale. The new requirements do not prevent a seller-lessee from recognizing in profit or loss any gain or loss related to the partial or total termination of a lease. The effective date for the amendments is January 1, 2024. The Bank’s management is assessing the potential impact of the adoption of this amendment on its Consolidated Financial Statements. 2.7) Amendment to IAS 1 Presentation of Financial Statements – Non-current Liabilities with Covenants. On October 31, 2022, Amendments to IAS 1 was issued, which aims to improve the information companies provide about long-term debt with covenants. Such amendment specifies that covenants to be complied with after the reporting date do not affect the classification of debt as current or non-current at the reporting date. Instead, the amendments require a company to disclose information about these covenants in the notes to the financial statements. The IASB expects the amendments to improve the information a company provides about long-term debt with covenants by enabling investors to understand the risk that such debt could become repayable early. The amendments are effective for annual reporting periods beginning on or after January 1, 2024, with early adoption permitted. The Bank’s management is assessing the potential impact of the adoption of this amendment on its Consolidated Financial Statements. |
General Information and Summa_3
General Information and Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Schedule of exercise control | The following table details the entities controlled by Banco Itaú Chile: Ownership percentage Functional As of December 31, 2022 As of December 31, 2021 Market Country currency Direct Indirect Total Direct Indirect Total % % % % % % Itaú Corredores de Bolsa Limitada (1) National Chile Ch$ 99.987 0.013 100.000 99.990 0.010 100.000 Itaú Administradora General de Fondos S.A. (1) Chile Ch$ 99.994 0.006 100.000 99.994 0.006 100.000 Itaú Corredores de Seguros S.A. (1) Chile Ch$ 99.990 0.010 100.000 99.990 0.010 100.000 Itaú Asesorías Financieras Limitada (1) Chile Ch$ 99.990 0.010 100.000 99.990 0.010 100.000 Recaudaciones y Cobranzas Limitada (1) Chile Ch$ 99.990 0.010 100.000 99.990 0.010 100.000 Itaú Corpbanca New York Branch (1) (4) Foreign USA US$ 100.000 — 100.000 100.000 — 100.000 Itaú Colombia S.A. (2) (6) (8) Colombia COP$ 94.990 4.472 99.462 87.100 — 87.100 Itaú Corredor de Seguro Colombia S.A. (2) Colombia COP$ 94.987 5.000 99.987 79.985 — 79.985 Itaú Securities Services Colombia S.A. Colombia COP$ 5.499 93.992 99.491 5.499 82.310 87.809 Itaú Comisionista de Bolsa Colombia S.A (2) Colombia COP$ 2.219 97.253 99.472 2.219 85.166 87.385 Itaú Asset Management Colombia S.A. Sociedad Fiduciaria (2) Colombia COP$ — 99.443 99.443 — 87.083 87.083 Itaú (Panamá) S.A. (3) Panama US$ — 99.462 99.462 — 87.100 87.100 Itaú Holding Colombia S.A.S (5) (7) (9) Colombia COP$ 100.000 — 100.000 — — — (1) Company regulated by the Commision for the Financial Market (CMF) of Chile. (2) Companies regulated by the Colombian Financial Superintendency (SFC), which has a supervision agreement with the CMF. (3) Company regulated by the Superintendency of Banks of Panama. (4) Company regulated by Office of the Comptroller of the Currency (OCC) and Federal Reserve (FED). (5) On February 1, 2022, Itaú Holding Colombia S.A. was created. (6) On February 22, 2022, the Bank acquired 59,554,210 shares of Itaú Colombia S.A. (7) On February 22, 2022, Itaú Holding Colombia S.A acquired 33,752,474 shares of Itaú Colombia S.A. (8) On March 25, 2022, the Bank acquired 3,600 shares of Itaú Corredores de Seguro Colombia S.A. (9) On March 25, 2022, Itaú Holding Colombia S.A. acquired 1,200 shares of Itaú Corredores de Seguro Colombia S.A. |
Schedule of Associate entity interests | The following entities are classified as “Associates” and are accounted for using the equity method, according to IAS 28: As of December 31, As of December 31, Associate Main Operation Operation Place 2022 2021 % Share % Share Transbank S.A Credit card operator Santiago, Chile 8.7188 % 8.7188 % Combanc S.A (1) High value payment clearing house Santiago, Chile 9.8100 % 9.8100 % Imerc OTC S.A (1) Administration of clearing and settlement systems for financial instruments Santiago, Chile 8.6624 % 8.6624 % (1) As of the second quarter of 2021, the Bank gained significant influence over Sociedad Operadora de la Cámara de Compensación de Pagos de Alto Valor S.A. (hereinafter, “Combanc S.A.”) and over Servicios de Infraestructura de Mercado OTC S.A (hereinafter, “Imerc OTC S.A.”). Management concluded that, because of fact that the Bank can elect one of the members of the Board of Directors in each of these entities, in addition to other factors, such as significant transactions between the Bank and these entities, exchange of essential technical information with its investees and other factors, the Bank has a say in the financial and operating decision-making of these investees, but does not control them. Consequently, the equity method has been applied. |
Reporting Segments (Tables)
Reporting Segments (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Schedule of Interest Income and Expense by Geographic Areas | The information on interest income and interest expenses for the years ended December 31, 2022, 2021 and 2020 of the aforementioned reporting segments is presented below: 2022 2021 2020 Chile Colombia Total Chile Colombia Total Chile Colombia Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Interest income 2,668,383 508,750 3,177,133 1,324,275 363,227 1,687,502 1,116,943 432,731 1,549,674 Interest expense (1,726,924) (279,742) (2,006,666) (580,997) (130,198) (711,195) (490,729) (192,508) (683,237) Net interest income 941,459 229,008 1,170,467 743,278 233,029 976,307 626,214 240,223 866,437 |
Schedule of Assets and Liabilities by Segment | As of December 31, 2022 Note Chile Colombia Total MCh$ MCh$ MCh$ Cash and deposits in banks 5 a) 2,679,389 379,363 3,058,752 Cash items in process of collection 5 b) 494,501 493 494,994 Financial instruments at fair value through profit or loss 6 275,313 196,970 472,283 Financial instruments at fair value through other comprehensive income 11 3,348,889 386,401 3,735,290 Loans and accounts receivable at amortized cost and interbank loans 9-10 21,944,059 3,813,874 25,757,933 Investment in associates 12 15,781 (4,197) 11,584 Financial instruments at amortized cost 11 880,026 133,917 1,013,943 Investments under resale agreements 7 63,154 99,620 162,774 Financial derivatives contracts held for trading 8 a) 3,468,512 149,280 3,617,792 Financial derivative contracts held for hedge accounting 8 b) 101,418 37,130 138,548 Intangible assets (1) 13 664,115 29,675 693,790 Property, plant, and equipment 14 45,554 14,642 60,196 Right of use assets under lease agreements 15 76,169 13,370 89,539 Current taxes 16 50,690 37,663 88,353 Deferred taxes 16 195,583 79,029 274,612 Other assets 17 a) 558,111 71,572 629,683 Other non-current assets held for sale 17 b) 12,174 8,526 20,700 TOTAL ASSETS 34,873,438 5,447,328 40,320,766 As of December 31, 2022 Note Chile Colombia Total MCh$ MCh$ MCh$ LIABILITIES Deposits and other demand liabilities 18 a) 3,771,795 1,783,390 5,555,185 Cash in process of being cleared 5 b) 456,948 9 456,957 Obligations under repurchase agreements 7 b) 288,447 65,641 354,088 Time deposits and other time liabilities 18 b) 11,212,884 1,490,769 12,703,653 Financial derivatives contracts held for trading 8 a) 3,270,449 155,692 3,426,141 Financial derivative contracts held for hedge accounting 8 b) 201,590 17,143 218,733 Interbank borrowings 19 4,068,308 660,015 4,728,323 Debt instruments issued 20 6,124,805 423,002 6,547,807 Financial instruments of regulatory capital issued 20 1,070,933 192,236 1,263,169 Other financial liabilities 20 359,573 — 359,573 Lease contracts liabilities 15 79,846 14,729 94,575 Current taxes 16 — 77 77 Deferred taxes 16 — — — Provisions 21 204,343 82,791 287,134 Other liabilities 22 a) 912,754 94,808 1,007,562 Liabilities directly associated with non-current assets held for sale 22 b) — — — TOTAL LIABILITIES 32,022,675 4,980,302 37,002,977 (1) This includes goodwill generated in business combination between Itaú Chile and Corpbanca totaling MCh $492,512 as of December 31, 2022. Note 4 – Reporting Segments, continued As of December 31, 2021 Note Chile Colombia Total MCh$ MCh$ MCh$ Cash and deposits in banks 5 a) 2,867,539 605,853 3,473,392 Cash items in process of collection 5 b) 438,149 347 438,496 Financial instruments at fair value through profit or loss 6 91,817 240,907 332,724 Financial instruments at fair value through other comprehensive income 11 3,291,135 369,315 3,660,450 Loans and accounts receivable at amortized cost and interbank loans 9-10 19,300,174 4,575,928 23,876,102 Investment in associates 12 9,152 — 9,152 Financial instruments at amortized cost 11 — 187,455 187,455 Investments under resale agreements 7 171,810 434,368 606,178 Financial derivatives contracts held for trading 8 a) 2,836,215 61,588 2,897,803 Financial derivative contracts held for hedge accounting 8 b) 41,754 41,369 83,123 Intangible assets (1) 13 663,503 35,841 699,344 Property, plant, and equipment 14 47,139 24,794 71,933 Right of use assets under lease agreements 15 90,504 20,277 110,781 Current taxes 16 20,584 37,600 58,184 Deferred taxes 16 198,698 73,513 272,211 Other assets 17 a) 738,346 72,175 810,521 Other non-current assets held for sale 17 b) 7,611 4,783 12,394 TOTAL ASSETS 30,814,130 6,786,113 37,600,243 As of December 31, 2021 Note Chile Colombia Total MCh$ MCh$ MCh$ LIABILITIES Deposits and other demand liabilities 18 a) 4,641,522 2,934,573 7,576,095 Cash in process of being cleared 5 b) 424,358 — 424,358 Obligations under repurchase agreements 7 b) 212,356 253,650 466,006 Time deposits and other time liabilities 18 b) 8,789,515 1,307,928 10,097,443 Financial derivatives contracts held for trading 8 a) 2,693,524 63,818 2,757,342 Financial derivative contracts held for hedge accounting 8 b) 160,267 7,978 168,245 Interbank borrowings 19 4,263,230 655,193 4,918,423 Debt instruments issued 20 5,027,267 582,528 5,609,795 Financial instruments of regulatory capital issued 20 955,982 197,063 1,153,045 Other financial liabilities 20 42,435 — 42,435 Lease contracts liabilities 15 93,497 22,047 115,544 Current taxes 16 393 939 1,332 Deferred taxes 16 — — — Provisions 21 157,113 78,234 235,347 Other liabilities 22 a) 614,472 95,140 709,612 Liabilities directly associated with non-current assets held for sale 22 b) — — — TOTAL LIABILITIES 28,075,931 6,199,091 34,275,022 (1) This includes goodwill generated in business combination between Itaú Chile and Corpbanca totaling MCh $492,512 as of December 31, 2021. |
Schedule of Income by Segment | 2022 2021 2020 Chile Colombia Total Chile Colombia Total Chile Colombia Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Net interest income 941,459 229,008 1,170,467 743,278 233,029 976,307 626,214 240,223 866,437 Net fee and commission income 141,667 31,332 172,999 123,612 29,930 153,542 108,140 32,859 140,999 Net income from financial operations 162,539 38,302 200,841 11,934 43,976 55,910 25,031 85,856 110,887 Net foreign exchange gain (loss) (30,621) (20,895) (51,516) 169,188 (20,023) 149,165 (20,491) (53,973) (74,464) Other operating income 23,599 10,630 34,229 15,295 13,983 29,278 16,588 48,990 65,578 Provision for loan losses (269,321) (64,342) (333,663) (184,155) (78,285) (262,440) (310,429) (155,801) (466,230) NET OPERATING PROFIT 969,322 224,035 1,193,357 879,152 222,610 1,101,762 445,053 198,154 643,207 Depreciation and amortization (80,083) (16,104) (96,187) (82,479) (19,104) (101,583) (96,117) (30,327) (126,444) Operating expenses (1) (2) (490,409) (196,388) (686,797) (420,962) (187,062) (608,024) (896,152) (559,182) (1,455,334) OPERATING INCOME (LOSS) 398,830 11,543 410,373 375,711 16,444 392,155 (547,216) (391,355) (938,571) Income from investment in associates 2,429 — 2,429 (1,610) 1,323 (287) (2,794) — (2,794) Income taxes 28,728 1,830 30,558 (118,366) 2,735 (115,631) 73,965 41,245 115,210 CONSOLIDATED INCOME (LOSS) FOR THE YEAR 429,987 13,373 443,360 255,735 20,502 276,237 (476,045) (350,110) (826,155) (1) Includes personnel salaries and expenses, administrative expenses, impairment, and other operating expenses (2) As of December 31, 2020, includes the recognition of an impairment loss of MCh $814,879 . The impairment is broken down into MCh $651,825 corresponding to the impairment on Goodwill, MCh $412,356 and MCh $239,469 of CGUs of Chile and Colombia, respectively, and MCh $113,911 corresponding to the intangibles generated in the business combination of the CGU Colombia. Intangible assets include impairment on Software and Licenses of MCh $38,849 , which is broken down into MCh $34,524 and MCh $4,325 in the Chile CGU and Colombia CGU, respectively. In addition, the Chile CGU includes impairment of property, plant and equipment for MCh $10,294 |
Cash and Cash Equivalents (Tabl
Cash and Cash Equivalents (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Schedule of Balances included under Cash and Cash Equivalents | a) Detail of cash and cash equivalents The detail of balances included under cash and cash equivalents is as follows: As of December 31, 2022 2021 MCh$ MCh$ Cash and deposits in banks Cash 275,172 294,474 Deposits in the Central Bank of Chile 1,284,810 1,173,548 Deposits in local banks 20,744 12,942 Deposits in foreign banks 1,478,026 1,992,428 Subtotals cash and deposits in banks 3,058,752 3,473,392 Cash items in process of collection, net (1) 38,037 14,138 Highly liquid financial instruments (2) 1,927,284 1,347,463 Investments under resale agreements (3) 162,774 539,227 Totals cash and cash equivalents 5,186,847 5,374,220 (1) Refer to letter b. “Cash in process of collection and in process of being cleared” below. (2) Highly liquid financial instruments: Corresponds to financial instruments at fair value through profit and loss (see note 6) and financial instrument at fair value through other comprehensive income (see note 11) with maturities that do not exceed three months from the acquisition date. (3) Investments under resale agreements: Corresponds to resale agreements with maturities that do not exceed three months from the acquisition date, which are presented under the item “Investments under resale agreements” in the Consolidated Statement of Financial Position. |
Schedule of Cash in the Process of Collection | Cash items in process of collection and in process of being cleared represent domestic transactions, which have not been processed through the central domestic clearinghouse, or international transactions that may be delayed in settlement due to timing differences. The detail of these balances is as follows: As of December 31, 2022 2021 MCh$ MCh$ Assets Documents held by other banks (documents to be cleared) 35,733 40,302 Funds receivable 459,261 398,194 Subtotals assets 494,994 438,496 Liabilities Funds payable 456,957 424,358 Subtotals liabilities 456,957 424,358 Cash items in process of collection, net 38,037 14,138 |
Financial Instruments at Fair_2
Financial Instruments at Fair Value through Profit or Loss (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Schedule of Financial Instruments at Fair Value Through Profit or Loss | The detail of the financial instruments at fair value through profit or loss is as follows: As of December 31, 2022 2021 MCh$ MCh$ Chilean Central Bank and Government securities Central Bank of Chile securities 160,751 50,743 Other Chilean Central Bank and Government securities — — Other Chilean securities Bonds 22,878 111 Notes — — Other securities — — Foreign financial securities Bonds 186,925 232,083 Other securities — 8,824 Investments in mutual funds Funds managed by related entities 47,598 39,842 Funds managed by third parties — — Financial assets not held for trading valued mandatorily at fair value through profit or loss Loans originated and acquired by the entity at fair value 53,206 — Other investments Other financial instruments at FVTPL 925 1,121 Totals 472,283 332,724 |
Investments under Resale Agre_2
Investments under Resale Agreements and Obligations under Repurchase Agreements (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Schedule of Instruments Acquired Under Agreements to Resale | As of December 31, 2022 2021 MCh$ MCh$ Chilean Central Bank and Government securities Chilean Central Bank securities — 12,361 Government securities — 55,953 Other Chilean Central Bank and Government securities — — Other Chilean securities Bonds 63,154 88,206 Notes — 15,289 Other securities — — Foreign financial securities Central Banks and Government securities 99,620 427,565 Other foreign instruments — 6,804 Totals 162,774 606,178 |
Schedule of Instruments Acquired Under Agreements to Repurchase | As of December 31, 2022 2021 MCh$ MCh$ Chilean Central Bank and Government securities Chilean Central Bank securities — 198,013 Government securities — 11,762 Other Chilean Central Bank and Government securities — — Other Chilean securities Bonds 288,447 2,581 Notes — — Other Chilean securities — — Foreign financial securities Central Banks and Government securities — — Other foreign instruments 65,641 253,650 Totals 354,088 466,006 |
Financial Derivative Contract_2
Financial Derivative Contracts and Hedge Accounting (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of maturity analysis for derivative financial liabilities [line items] | |
Schedule of Financial Assets and Liabilities | As of December 31, 2022 As of December 31, 2021 Assets Liabilities Assets Liabilities MCh$ MCh$ MCh$ MCh$ Financial derivatives contracts held for trading 3,617,792 3,426,141 2,897,803 2,757,342 Financial derivatives contracts held for hedge accounting 138,548 218,733 83,123 168,245 Totals 3,756,340 3,644,874 2,980,926 2,925,587 |
Schedule of Portfolio of Financial derivatives contracts held for trading Assets | As of December 31, 2022 Notional Over Over 1 month 3 months Between Over On Up to less than up to 1 and 3 up to More than demand 1 month 3 months 1 year 3 years 5 years 5 years Total Fair value MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Currency forwards — 5,884,782 2,088,158 2,585,223 992,045 151,944 143,162 11,845,314 435,849 Currency swaps — 356,267 794,627 1,785,480 3,610,306 2,388,987 4,686,177 13,621,844 1,293,810 Interest rate swaps — 435,714 2,008,610 6,526,529 7,490,539 4,922,886 10,734,630 32,118,908 1,887,481 Call currency options — 2,268 4,543 24,054 3,727 — — 34,592 652 Put currency options — — — — — — — — — Totals — 6,679,031 4,895,938 10,921,286 12,096,617 7,463,817 15,563,969 57,620,658 3,617,792 As of December 31, 2021 Notional Over Over 1 month 3 months Between Over On Up to less than up to 1 and 3 up to More than demand 1 month 3 months 1 year 3 years 5 years 5 years Total Fair value MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Currency forwards — 3,106,279 1,840,300 1,360,787 365,932 181,959 188,738 7,043,995 329,284 Currency swaps — 135,709 277,106 1,042,432 2,924,714 2,248,282 2,985,367 9,613,610 1,037,007 Interest rate swaps — 773,389 1,392,193 3,776,929 8,562,223 6,796,931 9,716,515 31,018,180 1,530,863 Call currency options — 3,607 12,241 20,467 — — — 36,315 649 Put currency options — — — — — — — — — Totals — 4,018,984 3,521,840 6,200,615 11,852,869 9,227,172 12,890,620 47,712,100 2,897,803 |
Schedule of Portfolio of Financial derivatives contracts held for trading liabilities | As of December 31, 2022 Notional Over Over 1 month 3 months Between Over On Up to less than up to 1 and 3 up to More than demand 1 month 3 months 1 year 3 years 5 years 5 years Total Fair value MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Currency forwards — 5,710,749 1,744,537 2,288,184 721,546 93,572 134,330 10,692,918 420,494 Currency swaps — 204,361 476,390 1,631,868 4,005,297 2,522,025 4,270,505 13,110,446 1,193,307 Interest rate swaps — 474,463 2,304,905 4,888,564 6,806,786 4,705,049 10,392,078 29,571,845 1,811,426 Call currency options — — 13,200 — — — — 13,200 404 Put currency options — 3,953 7,675 16,443 — — — 28,071 510 Totals — 6,393,526 4,546,707 8,825,059 11,533,629 7,320,646 14,796,913 53,416,480 3,426,141 As of December 31, 2021 Notional Over Over 1 month 3 months Between Over On Up to less than up to 1 and 3 up to More than demand 1 month 3 months 1 year 3 years 5 years 5 years Total Fair value MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Currency forwards — 2,293,451 1,900,241 1,607,617 585,716 84,120 208,116 6,679,261 280,574 Currency swaps — 34,012 364,081 859,740 2,423,081 2,524,421 2,562,705 8,768,040 931,445 Interest rate swaps — 456,447 1,733,475 3,875,370 8,275,215 7,384,935 9,863,248 31,588,690 1,544,949 Call currency options — 3,200 2,939 4,021 — — — 10,160 343 Put currency options — 1,317 2,077 4,414 — — — 7,808 31 Totals — 2,788,427 4,002,813 6,351,162 11,284,012 9,993,476 12,634,069 47,053,959 2,757,342 |
Schedule of Portfolio of Derivative Financial Instruments for Hedge Accounting and Trading Purposes | As of December 31, 2022 and 2021, the portfolio of financial derivative instruments held for hedge accounting and trading purposes is as follows: As of December 31, 2022 Notional Fair value Over Over 1 month 3 months Between Over On Up to less than up to 1 and 3 up to More than demand 1 month 3 months 1 year 3 years 5 years 5 years Total Assets Liabilities MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Derivatives held for hedge accounting Fair value hedge Currency forwards — — — — — — — — — — Currency swaps — — — — — — — — — — Interest rate swaps — 28,597 35,316 360,903 567,411 593,036 1,462,231 3,047,494 41,517 104,109 Subtotals — 28,597 35,316 360,903 567,411 593,036 1,462,231 3,047,494 41,517 104,109 Cash flow hedge Currency forwards — — 867,596 787,914 — — — 1,655,510 23,764 107,423 Currency swaps — — — 58,643 — — 48,557 107,200 8,865 421 Interest rate swaps — — — 528,099 541,700 200,250 — 1,270,049 35,754 4,252 Subtotals — — 867,596 1,374,656 541,700 200,250 48,557 3,032,759 68,383 112,096 Hedge of net investment in a foreign operation Currency forwards — 135,908 124,929 32,927 — — — 293,764 28,648 2,528 Subtotals — 135,908 124,929 32,927 — — — 293,764 28,648 2,528 Totals — 164,505 1,027,841 1,768,486 1,109,111 793,286 1,510,788 6,374,017 138,548 218,733 As of December 31, 2021 Notional Fair value Over Over 1 month 3 months Between Over On Up to less than up to 1 and 3 up to More than demand 1 month 3 months 1 year 3 years 5 years 5 years Total Assets Liabilities MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Derivatives held for hedge accounting Fair value hedge Currency forwards — — — — — — — — — — Currency swaps — — — 87,910 — — — 87,910 21,415 — Interest rate swaps — 19,979 — 265,591 356,312 501,158 1,110,657 2,253,697 5,605 57,554 Subtotals — 19,979 — 353,501 356,312 501,158 1,110,657 2,341,607 27,020 57,554 Cash flow hedge Currency forwards — 598,478 1,201,559 601,337 691,116 — — 3,092,490 52,833 90,431 Currency swaps — — — — 20,931 — — 20,931 — 151 Interest rate swaps — 12,000 3,000 5,000 532,685 — — 552,685 3,181 65 Subtotals — 610,478 1,204,559 606,337 1,244,732 — — 3,666,106 56,014 90,647 Hedge of net investment in a foreign operation Currency forwards — 59,541 95,463 46,146 — — — 201,150 89 20,044 Subtotal — 59,541 95,463 46,146 — — — 201,150 89 20,044 Totals — 689,998 1,300,022 1,005,984 1,601,044 501,158 1,110,657 6,208,863 83,123 168,245 |
Schedule of the Effective Portion Generated by Cash Flow Derivatives | As of December 31, 2022 2021 Effective Ineffective Effective Ineffective portion portion portion portion MCh$ MCh$ MCh$ MCh$ Hedged item Loans and accounts receivables from customers Loans (inflation-indexed) 2,676 — (19,337) — Commercial loans (interest rate) (925) (2) (67) 119 Time deposits and other time liabilities Time deposits 15,455 — 2,953 7 Debt instruments issued Senior bonds (852) — (197) — Interbank borrowings Interbank loans (869) — 19,636 (111) Forecast transaction Payment in USD 802 — 89,644 — Totals 16,287 (2) 92,632 15 The income generated by cash flow hedge derivatives whose effect were recorded on Other Comprehensive Income (Loss), is as follow: For the year ended December 31, 2022 2021 MCh$ MCh$ Hedged item Loans and accounts receivables from customers Loans (inflation-indexed) (22,013) 18,810 Commercial loans (interest rate) 859 1,721 Time deposits and other time liabilities Time deposits (1) (13,772) (1,683) Debt instruments issued Senior bonds 2,085 — Interbank borrowings Interbank loans (2,329) — Forecast Transaction Payment in USD 60,923 (88,762) Totals 25,753 (69,914) (1) Includes the effects of the discontinuing cash flow hedge strategy on time deposits. |
Schedule of Hedge Net Investment | Hedge of net investment As of December 31, 2022 Notional Over 1 month Over 3 months Over between Effective On demand Up to less than up to 1 and Over 3 up to More than Total portion for the Ineffective 1 month 3 months 1 year 3 years 5 years 5 years year portion MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Net investment in Itaú Colombia — — — — — — 75,545 75,545 (2,694) — Net investment in New York Branch — 109,110 109,422 — — — — 218,532 (39,023) — Total — 109,110 109,422 — — — 75,545 294,077 (41,717) — Hedging instrument Currency Forwards — 135,908 124,929 32,927 — — — 293,764 (40,500) — Total — 135,908 124,929 32,927 — — — 293,764 (40,500) — As of December 31, 2021 Notional Over 1 month Over 3 months Over between Effective On demand Up to less than up to 1 and Over 3 up to More than Total portion for the Ineffective 1 month 3 months 1 year 3 years 5 years 5 years year portion MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Net investment in New York Branch — 59,541 95,463 46,146 — — — 201,150 (38,014) — Total — 59,541 95,463 46,146 — — — 201,150 (38,014) — Hedging instrument Foreign currency forwards — 59,541 95,463 46,146 — — — 201,150 (38,014) — Total — 59,541 95,463 46,146 — — — 201,150 (38,014) — |
Fair Value Hedges [Member] | |
Disclosure of maturity analysis for derivative financial liabilities [line items] | |
Schedule of nominal value of hedge items | The following table presents the hedged items and the hedging instrument at fair value as of December 31, 2022 and 2021, detailed by maturity: As of December 31, 2022 Notional On Up to Over 1 month Over 3 months Over between Over 3 up to More than Total demand less than up to 1 and 1 month 3 months 1 year 3 years 5 years 5 years MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Loans and accounts receivable from customers Commercial and mortgage loans — 3,591 6,600 83,194 143,247 73,050 154,840 464,522 Mortgage loans (1) — — — — — — — — Time deposits and other time liabilities Time deposits — 25,006 28,716 119,660 154,633 10,108 — 338,123 Financial instruments at FVTOCI Treasury bonds — — — 58,049 224,464 78,013 110,107 470,633 Interbank borrowings Interbank loans — — — — — — — — Debt instruments issued Senior bonds — — — 100,000 45,067 431,865 1,197,284 1,774,216 Totals — 28,597 35,316 360,903 567,411 593,036 1,462,231 3,047,494 Hedging instruments Currency swaps — — — — — — — — Currency forwards — — — — — — — — Interest rate swaps — 28,597 35,316 360,903 567,411 593,036 1,462,231 3,047,494 Totals — 28,597 35,316 360,903 567,411 593,036 1,462,231 3,047,494 As of December 31, 2021 Notional On Up to Over 1 month Over 3 months Over between Over 3 up to More than Total demand less than up to 1 and 1 month 3 months 1 year 3 years 5 years 5 years MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Loans and accounts receivable from customers Mortgage loans (1) — — — 189,282 69,215 4,271 227,218 489,986 Time deposits and other time liabilities Time deposits — 19,979 — 6,309 85,802 5,279 — 117,369 Financial instruments at FVTPL Treasury bonds — — — — 77,295 104,211 99,348 280,854 Interbank borrowings Interbank loans — — — 87,910 — — — 87,910 Debt instruments issued Senior bonds — — — 70,000 124,000 387,397 784,091 1,365,488 Totals — 19,979 — 353,501 356,312 501,158 1,110,657 2,341,607 Hedging instruments Currency swaps — — — 87,910 — — — 87,910 Interest rate swaps — 19,979 — 265,591 356,312 501,158 1,110,657 2,253,697 Totals — 19,979 — 353,501 356,312 501,158 1,110,657 2,341,607 (1) Colombia: The information includes the effects on the hedge item generated by prepayments; therefore, cash flows from the hedge item and the hedging instrument are not perfectly balanced. Note 8 – Financial Derivative Contracts and Hedge Accounting, continued Below is an estimate of the periods in which flows are expected to be produced: Forecasted cash flows by interest rate risk: As of December 31, 2022 Notional Over 1 month Over 3 months Over between On Up to less than up to 1 and Over 3 up to More than Total demand 1 month 3 months 1 year 3 years 5 years 5 years MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Inflows (1) — 1,332 4,042 14,527 169,279 32,793 37,173 259,146 Outflows — (26,708) (33,237) (138,613) (203,524) (49,755) (71,219) (523,056) Net Flows — (25,376) (29,195) (124,086) (34,245) (16,962) (34,046) (263,910) Hedging instruments (2) Outflows — (1,332) (4,042) (14,527) (169,279) (32,793) (37,173) (259,146) Inflows — 26,708 33,237 138,613 203,524 49,755 71,219 523,056 Net flows — 25,376 29,195 124,086 34,245 16,962 34,046 263,910 As of December 31, 2021 Notional Over 1 month Over 3 months Over between On Up to less than up to 1 and Over 3 up to More than Total demand 1 month 3 months 1 year 3 years 5 years 5 years MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Inflows (1) — 1,169 1,019 9,989 21,226 17,109 3,581 54,093 Outflows — (21,015) (3,249) (108,969) (117,941) (32,119) (35,254) (318,547) Net flows — (19,846) (2,230) (98,980) (96,715) (15,010) (31,673) (264,454) Hedging instruments (2) Outflows — (1,169) (1,019) (9,989) (21,226) (17,109) (3,581) (54,093) Inflows — 21,015 3,249 108,969 117,941 32,119 35,254 318,547 Net flows — 19,846 2,230 98,980 96,715 15,010 31,673 264,454 (1) Colombia: The information includes the effects on the hedge item generated by prepayments; therefore, cash flows from the hedge item and the hedging instrument are not perfectly balanced. (2) Only includes cash flows forecast portion of the hedge instruments used to cover interest rate risk. |
Cash Flow Hedges [Member] | |
Disclosure of maturity analysis for derivative financial liabilities [line items] | |
Schedule of nominal value of hedge items | The following table presents the notional values of the hedged item as of December 31, 2022 and 2021: As of December 31, 2022 Notional Over 1 month Over 3 months Over between On Up to less than up to 1 and Over 3 up to More than Total demand 1 month 3 months 1 year 3 years 5 years 5 years MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Hedged item Loans and accounts at amortized cost Loans (inflation-indexed) — — 847,930 435,376 — — — 1,283,306 Commercial loans (interest rate) — — — — 447,200 90,000 — 537,200 Time deposits and other deposits Time deposits — — — 504,484 94,500 110,250 — 709,234 Debt instruments issued Senior bonds — — — 23,615 — — 48,557 72,172 Interbank borrowings Interbank loans — — 14,896 400,543 — — — 415,439 Forecast transaction Payment in USD — — 4,770 10,638 — — — 15,408 Totals — — 867,596 1,374,656 541,700 200,250 48,557 3,032,759 Hedging instruments Currency forwards — — 867,596 787,914 — — — 1,655,510 Currency swaps — — — 58,643 — — 48,557 107,200 Interest rate swaps — — — 528,099 541,700 200,250 — 1,270,049 Totals — — 867,596 1,374,656 541,700 200,250 48,557 3,032,759 As of December 31, 2021 Notional Over 1 month Over 3 months Over between On Up to less than up to 1 and Over 3 up to More than Total demand 1 month 3 months 1 year 3 years 5 years 5 years MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Hedged item Loans and accounts at amortized cost Loans (inflation-indexed) — 337,810 898,760 309,917 691,116 — — 2,237,603 Commercial loans (interest rate) — 12,000 3,000 5,000 — — — 20,000 Time deposits and other deposits Time deposits — — — — 504,484 — — 504,484 Debt instruments issued Senior bonds — — — — 28,201 — — 28,201 Interbank borrowings Interbank loans — 7,444 29,824 291,420 20,931 — — 349,619 Forecast transaction Payment in USD — 253,224 272,975 — — — — 526,199 Totals — 610,478 1,204,559 606,337 1,244,732 — — 3,666,106 Hedging instruments Currency forwards — 598,478 1,201,559 601,337 691,116 — — 3,092,490 Currency swaps — — — — 20,931 — — 20,931 Interest rate swaps — 12,000 3,000 5,000 532,685 — — 552,685 Totals — 610,478 1,204,559 606,337 1,244,732 — — 3,666,106 Note 8 – Financial Derivative Contracts and Hedge Accounting, continued Below is an estimate of the periods in which flows are expected to occur. As of December 31, 2022 Notional Over 1 month Over 3 months Over between On Up to less than up to 1 and Over 3 up to More than Total demand 1 month 3 months 1 year 3 years 5 years 5 years MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Inflows — 1,881 46,623 70,074 63,596 12,534 — 194,708 Outflows — — (19,666) (485,097) (25,635) (6,722) (48,557) (585,677) Net Flows — 1,881 26,957 (415,023) 37,961 5,812 (48,557) (390,969) Hedging instruments (1) Outflows — (1,881) (46,623) (70,074) (63,596) (12,534) — (194,708) Inflows — — 19,666 485,097 25,635 6,722 48,557 585,677 Net flows — (1,881) (26,957) 415,023 (37,961) (5,812) 48,557 390,969 As of December 31, 2021 Notional Over 1 month Over 3 months Over between On Up to less than up to 1 and Over 3 up to More than Total demand 1 month 3 months 1 year 3 years 5 years 5 years MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Hedged items Inflows — 7,593 25,692 15,635 43,418 — — 92,338 Outflows — (8,685) (32,917) (291,420) (92,726) — — (425,748) Net Flows — (1,092) (7,225) (275,785) (49,308) — — (333,410) Hedging instruments (1) Outflows — (7,593) (25,692) (15,635) (43,418) — — (92,338) Inflows — 8,685 32,917 291,420 92,726 — — 425,748 Net flows — 1,092 7,225 275,785 49,308 — — 333,410 (1) Only includes cash flows forecast portion of the hedge instruments used to cover interest rate risk. |
Interbank Loans at amortized _2
Interbank Loans at amortized cost (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Schedule of Interbank Loans, Net | As of December 31, 2022 and 2021, the balances presented under the item “Interbank loans, net” are as follow: As of December 31, 2022 2021 MCh$ MCh$ Local banks Loans to local banks — — Allowances for loans losses — — Subtotals — — Foreign banks Interbank cash loans — 80,907 Loans to foreign banks 46,441 — Non-transferable deposits with foreign banks — — Allowances for loans losses (319) (353) Subtotals 46,122 80,554 Chilean Central Bank Deposits with the Chilean Central Bank not available — — Subtotals — — Totals 46,122 80,554 |
Schedule of Movements in Provisions and Impairment for Loans with Domestic and Foreign Banks | Movements in provisions and impairment for local and foreign interbank loans during the year ended December 31, 2022 and 2021 are as follows: Foreign banks 2022 2021 Stage 1 Stage 2 Stage 2 Stage 1 Stage 2 Stage 2 12-Month ECL Lifetime ECL Lifetime ECL Totals 12-Month ECL Lifetime ECL Lifetime ECL Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Opening balances as of January 1, (353) — — (353) (10) — — (10) Changes in the allowances — — — - Transfer to stage 1 — — — — — — — — - Transfer to stage 2 — — — — — — — — - Transfer to stage 3 — — — — — — — — - Increases due to change in credit risk (313) — — (313) (695) — — (695) - Decreases due to change in credit risk 296 — — 296 388 — — 388 - Charge-offs — — — — — — — — - Changes due to modifications that did not result in derecognition — — — — — — — — New financial assets originated or purchased — — — — — — — — Financial assets that have been derecognized — — — — — — — — Changes in models/risk parameters — — — — — — — — Foreign exchange and other movements 51 — — 51 (36) — — (36) Ending balances as of December 31, (319) — — (319) (353) — — (353) |
Loans and Accounts Receivable_2
Loans and Accounts Receivable from Customers (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of financial assets [line items] | |
Schedule of Composition of Loan Portfolio | As of December 31, 2022, the loan portfolio is detailed as follows: Allowances for loan losses Individual Collective As of December 31, 2022 Gross Assets allowances allowances Totals Net assets MCh$ MCh$ MCh$ MCh$ MCh$ Commercial loans: Commercial loans 12,798,454 (146,350) (283,637) (429,987) 12,368,467 Foreign trade loans 1,692,494 — (33,827) (33,827) 1,658,667 Checking account debtors 117,197 — (10,789) (10,789) 106,408 Factoring transactions 350,952 — (8,138) (8,138) 342,814 Student loans 554,513 — (20,505) (20,505) 534,008 Leasing transactions 943,411 — (17,953) (17,953) 925,458 Other commercial loans and receivables — — — — — Subtotals 16,457,021 (146,350) (374,849) (521,199) 15,935,822 Mortgage loans: Loans with mortgage finance bonds 13,368 — (262) (262) 13,106 Endorsable mutual mortgage loans 75,536 — (1,735) (1,735) 73,801 Other mutual mortgage loans 6,620,099 — (88,285) (88,285) 6,531,814 Mortgage leasing transactions 274,536 — (9,359) (9,359) 265,177 Other mortgage loans and receivables 47,071 — (1,203) (1,203) 45,868 Subtotals 7,030,610 — (100,844) (100,844) 6,929,766 Consumer loans: Installment consumer loans 2,176,507 — (214,596) (214,596) 1,961,911 Checking account debtors 143,491 — (13,232) (13,232) 130,259 Credit card balances 763,486 — (42,826) (42,826) 720,660 Consumer leasing transactions 669 — (44) (44) 625 Other consumer loans and receivables 36,001 — (3,233) (3,233) 32,768 Subtotals 3,120,154 — (273,931) (273,931) 2,846,223 Totals 26,607,785 (146,350) (749,624) (895,974) 25,711,811 Note 10 – Loans and Accounts Receivable from Customers, continued As of December 31, 2021, the loan portfolio is detailed as follows: Allowances for loan losses Individual Collective As of December 31, 2021 Gross Assets allowances allowances Totals Net assets MCh$ MCh$ MCh$ MCh$ MCh$ Commercial loans: Commercial loans 12,664,323 (256,091) (341,517) (597,608) 12,066,715 Foreign trade loans 1,168,577 — (27,755) (27,755) 1,140,822 Checking account debtors 70,461 — (6,320) (6,320) 64,141 Factoring transactions 243,667 — (5,260) (5,260) 238,407 Student loans 554,096 — (23,443) (23,443) 530,653 Leasing transactions 948,807 — (18,817) (18,817) 929,990 Other commercial loans and receivables 22,739 — (1,826) (1,826) 20,913 Subtotals 15,672,670 (256,091) (424,938) (681,029) 14,991,641 Mortgage loans: Loans with mortgage finance bonds 18,563 — (272) (272) 18,291 Endorsable mutual mortgage loans 78,637 — (790) (790) 77,847 Other mutual mortgage loans 5,777,121 — (63,418) (63,418) 5,713,703 Mortgage leasing transactions 313,167 — (11,614) (11,614) 301,553 Other mortgage loans and receivables 57,483 — (1,204) (1,204) 56,279 Subtotals 6,244,971 — (77,298) (77,298) 6,167,673 Consumer loans: Installment consumer loans 2,069,548 — (154,647) (154,647) 1,914,901 Checking account debtors 109,143 — (7,778) (7,778) 101,365 Credit card balances 609,078 — (24,364) (24,364) 584,714 Consumer leasing transactions 783 — (45) (45) 738 Other consumer loans and receivables 37,167 — (2,651) (2,651) 34,516 Subtotals 2,825,719 — (189,485) (189,485) 2,636,234 Totals 24,743,360 (256,091) (691,721) (947,812) 23,795,548 |
Schedule of movements of disaggregation of the loan portfolio | The following tables present the movements for the total loan portfolio disaggregated by individually and group assessed loans for the year ended December 31, 2022 and 2021: Individually assessed Collectively assessed Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 12-Month Lifetime Lifetime 12-Month Lifetime Lifetime ECL ECL ECL Subtotals ECL ECL ECL Subtotals Totals Loan portfolio Opening balances as of January 1, 2022 96,974 507,983 591,812 1,196,769 19,955,723 2,733,535 857,333 23,546,591 24,743,360 Changes in the allowances - Transfer to stage 1 — — — — 404,225 (388,610) (15,615) — — - Transfer to stage 2 (1,819) 1,819 — — (835,792) 865,671 (29,879) — — - Transfer to stage 3 — (5,851) 5,851 — (151,827) (199,790) 351,617 — — - Charge-offs — — (24,983) (24,983) (33,187) (46,996) (238,376) (318,559) (343,542) - Changes due to modifications that did not result in derecognition — (3,302) 660 (2,642) (271,885) (27,727) (3,099) (302,711) (305,353) New financial assets originated or purchased 55,102 104,838 65,754 225,694 9,469,441 636,437 212,580 10,318,458 10,544,152 Financial assets that have been derecognized due to collections (64,764) (109,898) (174,173) (348,835) (6,425,979) (641,774) (164,721) (7,232,474) (7,581,309) Net transfer (from) collectively to individually assessed — — — — — — — — — Foreign exchange and other movements (28,398) 57,058 (29,667) (1,007) (421,452) (30,639) 3,575 (448,516) (449,523) Ending balances as of December 31, 2022 57,095 552,647 435,254 1,044,996 21,689,267 2,900,107 973,415 25,562,789 26,607,785 Individually assessed Collectively assessed Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 12-Month Lifetime Lifetime 12-Month Lifetime Lifetime ECL ECL ECL Subtotals ECL ECL ECL Subtotals Totals Loan portfolio Opening balances as of January 1, 2021 100,922 499,537 488,495 1,088,954 16,327,018 4,277,136 924,873 21,529,027 22,617,981 Changes in the allowances - Transfer to stage 1 — — — — 1,184,076 (1,171,376) (12,700) — — - Transfer to stage 2 (7,725) 8,551 (826) — (554,440) 599,608 (45,168) — — - Transfer to stage 3 — (129,888) 129,888 — (73,679) (137,518) 211,197 — — - Charge-offs — — (538) (538) (18,776) (44,191) (229,150) (292,117) (292,655) - Changes due to modifications that did not result in derecognition — (1,306) 3,503 2,197 (270,726) (21,168) (2,411) (294,305) (292,108) New financial assets originated or purchased 63,208 216,737 184,719 464,664 10,860,705 869,602 222,520 11,952,827 12,417,491 Financial assets that have been derecognized due to collections (18,057) (174,661) (193,388) (386,106) (7,562,147) (1,608,876) (239,784) (9,410,807) (9,796,913) Net transfer (from) collectively to individually assessed — — — — — — — — — Foreign exchange and other movements (41,374) 89,013 (20,041) 27,598 63,692 (29,682) 27,956 61,966 89,564 Ending balances as of December 31, 2021 96,974 507,983 591,812 1,196,769 19,955,723 2,733,535 857,333 23,546,591 24,743,360 |
Schedule of Loan Portfolio Before Allowances for Loan Losses by Customer Economic | As of December 31, 2022 Local loans Foreign loans Totals Distribution percentage MCh$ MCh$ MCh$ % Commercial loans Manufacturing 1,234,919 677,644 1,912,563 7.19% Mining 341,384 12,613 353,997 1.33% Electricity, gas and water 370,734 452,038 822,772 3.09% Agriculture and livestock 321,280 152,087 473,367 1.78% Forestry and wood extraction 93,978 27,765 121,743 0.46% Fishing 42,257 15,456 57,713 0.22% Transport 879,395 190,567 1,069,962 4.02% Communications 90,120 25,628 115,748 0.44% Construction 1,629,184 622,025 2,251,209 8.46% Commerce 2,125,864 437,662 2,563,526 9.63% Services 5,358,546 721,444 6,079,990 22.85% Others 552,384 82,047 634,431 2.38% Subtotals 13,040,045 3,416,976 16,457,021 61.85% Mortgage loans 6,383,650 646,960 7,030,610 26.42% Consumer loans 2,342,623 777,531 3,120,154 11.73% Totals 21,766,318 4,841,467 26,607,785 100.00% As of December 31, 2021 Local loans Foreign loans Totals Distribution percentage MCh$ MCh$ MCh$ % Commercial loans Manufacturing 1,121,216 216,970 1,338,186 5.41% Mining 294,799 138,940 433,739 1.75% Electricity, gas and water 648,752 282,140 930,892 3.76% Agriculture and livestock 370,805 171,659 542,464 2.19% Forestry and wood extraction 42,017 22,187 64,204 0.26% Fishing 12,967 6,759 19,726 0.08% Transport 736,947 134,283 871,230 3.52% Communications 47,459 2,199 49,658 0.20% Construction 1,654,661 271,647 1,926,308 7.79% Commerce 1,727,096 578,318 2,305,414 9.32% Services 3,424,967 740,734 4,165,701 16.84% Others 1,776,499 1,248,649 3,025,148 12.23% Subtotals 11,858,185 3,814,485 15,672,670 63.35% Mortgage loans 5,516,510 728,461 6,244,971 25.24% Consumer loans 1,857,298 968,421 2,825,719 11.41% Totals 19,231,993 5,511,367 24,743,360 100.00% |
Movements in Credit Risk Provisions | Movements in allowances for loan losses during the years ended December 31, 2022 and 2021, are as follows: Individually assessed Collectively assessed Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 12-Month Lifetime Lifetime 12-Month Lifetime Lifetime ECL ECL ECL Subtotals ECL ECL ECL Subtotals Totals Opening balances as of January 1, 2022 (1,473) (41,439) (213,179) (256,091) (157,514) (263,466) (270,741) (691,721) (947,812) Changes in the allowances - Transfer to stage 1 — — — — (42,333) 37,546 4,787 — — - Transfer to stage 2 42 (42) — — 13,819 (22,291) 8,472 — — - Transfer to stage 3 — 2,186 (2,186) — 5,437 38,399 (43,836) — — - Increases due to change in credit risk — (5,371) (5,254) (10,625) (30,680) (94,015) (121,323) (246,018) (256,643) - Decreases due to change in credit risk — 3,515 10,267 13,782 55,723 53,623 14,735 124,081 137,863 - Charge-offs — — 20,031 20,031 2,155 12,899 161,071 176,125 196,156 - Changes due to modifications that did not result in derecognition — — — — — — 810 810 810 New financial assets originated or purchased 630 (2,229) (10,507) (12,106) (86,195) (68,560) (102,873) (257,628) (269,734) Financial assets that have been derecognized 871 3,227 49,681 53,779 34,463 31,720 58,520 124,703 178,482 Net transfer (from) to collectively and individually assessed — — — — — — — — — Foreign exchange and other movements (70) 15,730 29,220 44,880 11,591 337 8,096 20,024 64,904 Ending balances as of December 31, 2022 — (24,423) (121,927) (146,350) (193,534) (273,808) (282,282) (749,624) (895,974) Individually assessed Collectively assessed Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 12-Month Lifetime Lifetime 12-Month Lifetime Lifetime ECL ECL ECL Subtotals ECL ECL ECL Subtotals Totals Opening balances as of January 1, 2021 (46) (66,280) (255,118) (321,444) (165,461) (280,410) (274,558) (720,429) (1,041,873) Changes in the allowances - Transfer to stage 1 — — — — (59,643) 54,981 4,662 — — - Transfer to stage 2 434 (896) 462 — 14,455 (25,098) 10,643 — — - Transfer to stage 3 — 38,161 (38,161) — 3,441 27,535 (30,976) — — - Increases due to change in credit risk (551) (13,174) (30,885) (44,610) (18,682) (67,529) (103,802) (190,013) (234,623) - Decreases due to change in credit risk — 1,033 252 1,285 89,207 27,141 8,353 124,701 125,986 - Charge-offs — — 538 538 2,050 12,455 138,659 153,164 153,702 - Changes due to modifications that did not result in derecognition — — — — — — 26,842 26,842 26,842 New financial assets originated or purchased (923) (9,685) (56,866) (67,474) (76,803) (86,958) (96,889) (260,650) (328,124) Financial assets that have been derecognized due to collections 54 16,584 135,218 151,856 55,342 80,384 70,292 206,018 357,874 Net transfer (from) to collectively and individually assessed — — — — — — — — — Foreign exchange and other movements (441) (7,182) 31,381 23,758 (1,420) (5,967) (23,967) (31,354) (7,596) Ending balances as of December 31, 2021 (1,473) (41,439) (213,179) (256,091) (157,514) (263,466) (270,741) (691,721) (947,812) Note 10 – Loans and Accounts Receivable from Customers, continued The following analysis details the movement on allowances by type of portfolio (commercial, mortgage and consumer) is as follow: Individually assessed Collective assessed Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 12-Month Lifetime Lifetime 12-Month Lifetime Lifetime Commercial ECL ECL ECL Subtotals ECL ECL ECL Subtotals Totals Opening balances as of January 1, 2022 (1,473) (41,439) (213,179) (256,091) (75,229) (141,308) (208,401) (424,938) (681,029) Changes in the allowances - - Transfer to stage 1 — — — — (17,319) 15,103 2,216 — — - Transfer to stage 2 42 (42) — — 4,510 (8,905) 4,395 — — - Transfer to stage 3 — 2,186 (2,186) — 2,634 17,474 (20,108) — — - Increases due to change in credit risk — (5,371) (5,254) (10,625) (7,105) (23,979) (56,971) (88,055) (98,680) - Decreases due to change in credit risk — 3,515 10,267 13,782 18,490 42,322 12,361 73,173 86,955 - Charge-offs — — 20,031 20,031 280 1,538 80,260 82,078 102,109 - Changes due to modifications that did not result in derecognition — — — — — — — — — New financial assets originated or purchased 630 (2,229) (10,507) (12,106) (35,392) (14,486) (59,678) (109,556) (121,662) Financial assets that have been derecognized 871 3,227 49,681 53,779 19,317 15,591 52,857 87,765 141,544 Net transfer (from) to collective and individually assessed — — — — — — — — — Foreign exchange and other movements (70) 15,730 29,220 44,880 5,220 (5,884) 5,348 4,684 49,564 Ending balances as of December 31, 2022 — (24,423) (121,927) (146,350) (84,594) (102,534) (187,721) (374,849) (521,199) Individually assessed Collectively assessed Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 12-Month Lifetime Lifetime 12-Month Lifetime Lifetime Commercial ECL ECL ECL Subtotals ECL ECL ECL Subtotals Totals Opening balances as of January 1, 2021 (46) (66,280) (255,118) (321,444) (88,080) (126,543) (211,550) (426,173) (747,617) Changes in the allowances - Transfer to stage 1 — — — — (15,914) 15,319 595 — — - Transfer to stage 2 434 (896) 462 — 6,528 (11,787) 5,259 — — - Transfer to stage 3 — 38,161 (38,161) — 1,659 10,759 (12,418) — — - Increases due to change in credit risk (551) (13,174) (30,885) (44,610) (11,167) (33,454) (57,445) (102,066) (146,676) - Decreases due to change in credit risk — 1,033 252 1,285 30,711 13,275 7,697 51,683 52,968 - Charge-offs — — 538 538 75 1,178 59,745 60,998 61,536 - Changes due to modifications that did not result in derecognition — — — — — — 25,936 25,936 25,936 New financial assets originated or purchased (923) (9,685) (56,866) (67,474) (33,106) (46,729) (63,690) (143,525) (210,999) Financial assets that have been derecognized due to collections 54 16,584 135,218 151,856 34,738 41,738 62,090 138,566 290,422 Net transfer (from) to collectively and individually assessed — — — — — — — — — Foreign exchange and other movements (441) (7,182) 31,381 23,758 (673) (5,064) (24,620) (30,357) (6,599) Ending balances as of December 31, 2021 (1,473) (41,439) (213,179) (256,091) (75,229) (141,308) (208,401) (424,938) (681,029) Note 10 – Loans and Accounts Receivable from Customers, continued Collectively assessed Stage 1 Stage 2 Stage 3 Mortgage 12-Month ECL Lifetime ECL Lifetime ECL Subtotals Totals Opening balances as of January 1, 2022 (14,156) (44,636) (18,506) (77,298) (77,298) Changes in the allowances - Transfer to stage 1 (5,326) 4,962 364 — — - Transfer to stage 2 2,007 (4,056) 2,049 — — - Transfer to stage 3 303 10,001 (10,304) — — - Increases due to change in credit risk (6,863) (29,260) (7,151) (43,274) (43,274) - Decreases due to change in credit risk 7,986 3,079 1,871 12,936 12,936 - Charge-offs 1 48 3,707 3,756 3,756 - Changes due to modifications that did not result in derecognition — — 617 617 617 New financial assets originated or purchased (2,256) (1,297) (1,143) (4,696) (4,696) Financial assets that have been derecognized 803 1,944 2,258 5,005 5,005 Foreign exchange and other movements 453 1,286 371 2,110 2,110 Ending balances as of December 31, 2022 (17,048) (57,929) (25,867) (100,844) (100,844) Collectively assessed Stage 1 Stage 2 Stage 3 Mortgage 12-Month ECL Lifetime ECL Lifetime ECL Subtotals Totals Opening balances as of January 1, 2021 (10,732) (48,514) (14,219) (73,465) (73,465) Changes in the allowances - Transfer to stage 1 (12,872) 12,465 407 — — - Transfer to stage 2 584 (2,273) 1,689 — — - Transfer to stage 3 50 3,488 (3,538) — — - Increases due to change in credit risk (2,301) (13,318) (7,570) (23,189) (23,189) - Decreases due to change in credit risk 13,384 1,923 280 15,587 15,587 - Charge-offs — 17 3,977 3,994 3,994 - Changes due to modifications that did not result in derecognition — — 84 84 84 New financial assets originated or purchased (4,314) (11,890) (4,724) (20,928) (20,928) Financial assets that have been derecognized due to collections 2,505 13,904 4,299 20,708 20,708 Foreign exchange and other movements (460) (438) 809 (89) (89) Ending balances as of December 31, 2021 (14,156) (44,636) (18,506) (77,298) (77,298) Note 10 – Loans and Accounts Receivable from Customers, continued Collectively assessed Stage 1 Stage 2 Stage 3 Consumer 12-Month ECL Lifetime ECL Lifetime ECL Subtotals Totals Opening balances as of January 1, 2022 (68,129) (77,522) (43,834) (189,485) (189,485) Changes in the allowances - Transfer to stage 1 (19,688) 17,481 2,207 — — - Transfer to stage 2 7,302 (9,331) 2,029 — — - Transfer to stage 3 2,500 10,924 (13,424) — — - Increases due to change in credit risk (16,712) (40,776) (57,201) (114,689) (114,689) - Decreases due to change in credit risk 29,247 8,222 503 37,972 37,972 - Charge-offs 1,874 11,313 77,104 90,291 90,291 - Changes due to modifications that did not result in derecognition — — 193 193 193 New financial assets originated or purchased (48,547) (52,776) (42,052) (143,375) (143,375) Financial assets that have been derecognized 14,343 14,185 3,405 31,933 31,933 Foreign exchange and other movements 5,918 4,935 2,376 13,229 13,229 Ending balances as of December 31, 2022 (91,892) (113,345) (68,694) (273,931) (273,931) Collectively assessed Stage 1 Stage 2 Stage 3 Consumer 12-Month ECL Lifetime ECL Lifetime ECL Subtotals Totals Opening balances as of January 1, 2021 (66,649) (105,353) (48,789) (220,791) (220,791) Changes in the allowances - Transfer to stage 1 (30,857) 27,197 3,660 — — - Transfer to stage 2 7,343 (11,038) 3,695 — — - Transfer to stage 3 1,732 13,288 (15,020) — — - Increases due to change in credit risk (5,214) (20,757) (38,787) (64,758) (64,758) - Decreases due to change in credit risk 45,112 11,943 376 57,431 57,431 - Charge-offs 1,975 11,260 74,937 88,172 88,172 - Changes due to modifications that did not result in derecognition — — 822 822 822 New financial assets originated or purchased (39,383) (28,339) (28,475) (96,197) (96,197) Financial assets that have been derecognized due to collections 18,099 24,742 3,903 46,744 46,744 Foreign exchange and other movements (287) (465) (156) (908) (908) Ending balances as of December 31, 2021 (68,129) (77,522) (43,834) (189,485) (189,485) |
Schedule of Detail of Loans and Receivables Sold | As of December 31, 2022 and 2021, the Bank and its subsidiaries derecognized 100% of its sold portfolio, thus complying with the requirements of the accounting policy for derecognizing financial assets and liabilities set in Note 1, letter l), point iv) of the annual Consolidated Financial Statements. The main sales were loans related to Law 20,027, wich are detailed in point d.2. For the year ended December 31, 2022 For the year ended December 31, 2021 Adjustment Exchange Net effect on Adjustment Exchange Net effect on Portfolio Loan Value Allowances Sale price to EIR I income Loan Value Allowances Sale price to EIR I income MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Current — — — — — — 170,987 130,584 44,548 — 183 4,328 Charged-off — — — — — — — — 3,429 — (165) 3,264 Totals — — — — — — 170,987 130,584 47,977 — 18 7,592 d.2) CAE portfolio sale For the year ended on December 31, 2022, gains recognized from sales of the portfolio amount to MCh$4,734 (MCh$4,540 for the year ended December 31, 2021). These amounts are presented in the Consolidated Statement of Income (Loss) under the line item “Net income from financial operations”. The portion to be deferred amounts to MCh$1,073 as of December 31, 2022 (MCh$4,769 as of December 31, 2021) and is recognized as interest income throughout the term of each loan by applying the effective interest rate method, according to IFRS 9. For the year ended December 31, 2022 For the year ended December 31, 2021 Adjustment Net effect on Adjustment Net effect on Portfolio Loan Value Allowances Sale price to EIR income Loan Value Allowances Sale price to EIR income MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ CAE 29,054 (380) 34,481 1,073 4,734 51,716 (997) 60,028 4,769 4,540 |
Commercial loans [member] | |
Disclosure of financial assets [line items] | |
Schedule of movements of disaggregation of the loan portfolio | The following table presents the movements for the commercial loans portfolio disaggregated by individually and group assessed loans for the years ended December 31, 2022 and 2021: Individually assessed Collectively assessed Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 12-Month Lifetime Lifetime 12-Month Lifetime Lifetime ECL ECL ECL Subtotals ECL ECL ECL Subtotals Totals Opening balances as of January 1, 2022 96,974 507,983 591,812 1,196,769 11,715,299 2,080,676 679,926 14,475,901 15,672,670 Changes in the allowances - Transfer to stage 1 — — — — 216,667 (206,748) (9,919) — — - Transfer to stage 2 (1,819) 1,819 — — (449,530) 464,539 (15,009) — — - Transfer to stage 3 — (5,851) 5,851 — (87,462) (110,493) 197,955 — — - Charge-offs — — (24,983) (24,983) (7,870) (14,142) (143,492) (165,504) (190,487) - Changes due to modifications that did not result in derecognition — (3,302) 660 (2,642) (183,462) (24,686) (4,663) (212,811) (215,453) New financial assets originated or purchased 55,102 104,838 65,754 225,694 6,922,591 390,724 143,618 7,456,933 7,682,627 Financial assets that have been derecognized due to collections (64,764) (109,898) (174,173) (348,835) (5,331,140) (507,356) (136,324) (5,974,820) (6,323,655) Net transfer (from) collectively to individually assessed — — — — — — — — — Foreign exchange and other movements (28,398) 57,058 (29,667) (1,007) (181,407) (1,531) 15,264 (167,674) (168,681) Ending balances as of December 31, 2022 57,095 552,647 435,254 1,044,996 12,613,686 2,070,983 727,356 15,412,025 16,457,021 Individually assessed Collectively assessed Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 12-Month Lifetime Lifetime 12-Month Lifetime Lifetime ECL ECL ECL Subtotals ECL ECL ECL Subtotals Totals Opening balances as of January 1, 2021 100,922 499,537 488,495 1,088,954 10,427,978 2,564,516 727,351 13,719,845 14,808,799 Changes in the allowances - Transfer to stage 1 — — — — 362,152 (358,832) (3,320) — — - Transfer to stage 2 (7,725) 8,551 (826) — (401,663) 425,316 (23,653) — — - Transfer to stage 3 — (129,888) 129,888 — (50,688) (71,184) 121,872 — — - Charge-offs — — (538) (538) (4,209) (11,082) (132,224) (147,515) (148,053) - Changes due to modifications that did not result in derecognition — (1,306) 3,503 2,197 (176,687) (10,277) (3,282) (190,246) (188,049) New financial assets originated or purchased 63,208 216,737 184,719 464,664 7,101,166 665,143 154,723 7,921,032 8,385,696 Financial assets that have been derecognized due to collections (18,057) (174,661) (193,388) (386,106) (5,643,512) (1,088,960) (184,829) (6,917,301) (7,303,407) Net transfer (from) collectively to individually assessed — — — — — — — — — Foreign exchange and other movements (41,374) 89,013 (20,041) 27,598 100,762 (33,964) 23,288 90,086 117,684 Ending balances as of December 31, 2021 96,974 507,983 591,812 1,196,769 11,715,299 2,080,676 679,926 14,475,901 15,672,670 |
Mortgages loans [member] | |
Disclosure of financial assets [line items] | |
Schedule of movements of disaggregation of the loan portfolio | The following tables presents the movements of the mortgage loans portfolio for the years ended December 31, 2022 and 2021. Collectively assessed Stage 1 Stage 2 Stage 3 12-Month Lifetime Lifetime ECL ECL ECL Totals Opening balances as of January 1, 2022 5,815,884 314,060 115,027 6,244,971 Changes in the allowances - Transfer to stage 1 73,851 (71,983) (1,868) — - Transfer to stage 2 (226,002) 237,397 (11,395) — - Transfer to stage 3 (23,085) (59,052) 82,137 — - Charge-offs (118) (233) (12,022) (12,373) - Changes due to modifications that did not result in derecognition (31,722) (1,306) 43 (32,985) New financial assets originated or purchased 1,189,931 40,387 5,644 1,235,962 Financial assets that have been derecognized due to collections (246,095) (18,252) (16,961) (281,308) Foreign exchange and other movements (104,540) (10,455) (8,662) (123,657) Ending balances as of December 31, 2022 6,448,104 430,563 151,943 7,030,610 Collectively assessed Stage 1 Stage 2 Stage 3 12-Month Lifetime Lifetime ECL ECL ECL Totals Opening balances as of January 1, 2021 4,166,515 1,025,921 124,317 5,316,753 Changes in the allowances - Transfer to stage 1 527,946 (525,493) (2,453) — - Transfer to stage 2 (47,731) 62,549 (14,818) — - Transfer to stage 3 (4,862) (26,414) 31,276 — - Charge-offs — (84) (11,318) (11,402) - Changes due to modifications that did not result in derecognition (43,602) (2,804) 68 (46,338) New financial assets originated or purchased 2,342,992 83,827 27,064 2,453,883 Financial assets that have been derecognized due to collections (1,081,369) (305,420) (44,399) (1,431,188) Foreign exchange and other movements (44,005) 1,978 5,290 (36,737) Ending balances as of December 31, 2021 5,815,884 314,060 115,027 6,244,971 |
Consumer loans [member] | |
Disclosure of financial assets [line items] | |
Schedule of movements of disaggregation of the loan portfolio | The following tables presents the movements of the consumer loans portfolio for the years ended December 31, 2022 and 2021: Collectively assessed Stage 1 Stage 2 Stage 3 12-Month Lifetime Lifetime ECL ECL ECL Totals — Opening balances as of January 1, 2022 2,424,540 338,799 62,380 2,825,719 Changes in the allowances - Transfer to stage 1 113,707 (109,879) (3,828) — - Transfer to stage 2 (160,260) 163,735 (3,475) — - Transfer to stage 3 (41,280) (30,245) 71,525 — - Charge-offs (25,199) (32,621) (82,862) (140,682) - Changes due to modifications that did not result in derecognition (56,701) (1,735) 1,521 (56,915) New financial assets originated or purchased 1,356,919 205,326 63,318 1,625,563 Financial assets that have been derecognized due to collections (848,744) (116,166) (11,436) (976,346) Foreign exchange and other movements (135,505) (18,653) (3,027) (157,185) Ending balances as of December 31, 2022 2,627,477 398,561 94,116 3,120,154 Collectively assessed Stage 1 Stage 2 Stage 3 12-Month Lifetime Lifetime ECL ECL ECL Totals Opening balances as of January 1, 2021 1,732,525 686,699 73,205 2,492,429 Changes in the allowances - Transfer to stage 1 293,979 (287,052) (6,927) — - Transfer to stage 2 (105,046) 111,742 (6,696) — - Transfer to stage 3 (18,129) (39,920) 58,049 — - Charge-offs (14,567) (33,025) (85,608) (133,200) - Changes due to modifications that did not result in derecognition (50,437) (8,087) 803 (57,721) New financial assets originated or purchased 1,416,547 120,632 40,733 1,577,912 Financial assets that have been derecognized due to collections (837,266) (214,496) (10,556) (1,062,318) Foreign exchange and other movements 6,934 2,306 (623) 8,617 Ending balances as of December 31, 2021 2,424,540 338,799 62,380 2,825,719 |
Investment instruments (Tables)
Investment instruments (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Detail of Investment Instruments Measured at FVOCI | As of December 31, 2022 and 2021, the detail of financial instruments measured at FVTOCI and at amortized cost is as follows: As of December 31, 2022 As of December 31, 2021 At FVTOCI At amortized cost Totals At FVTOCI At amortized cost Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Debt instruments 3,725,425 1,013,943 4,739,368 3,650,044 187,455 3,837,499 Equity instruments 9,865 — 9,865 10,406 — 10,406 Totals 3,735,290 1,013,943 4,749,233 3,660,450 187,455 3,847,905 |
Detail of Financial Instruments Measured at FVOCI | As of December 31, 2022 and 2021, the detail of financial instruments measured at FVTOCI and at amortized cost is as follows: As of December 31, 2022 As of December 31, 2021 At FVTOCI At amortized cost (1) Totals At FVTOCI At amortized cost (1) Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Securities quoted in active markets Chilean Central Bank and Government securities Chilean Central Bank instruments 2,227,029 — 2,227,029 1,918,659 — 1,918,659 Chilean Treasury bonds 618,208 854,361 1,472,569 1,060,379 — 1,060,379 Other I securities 126,669 — 126,669 123,991 — 123,991 Other local institutions financial instruments Time deposits in local banks 114,567 — 114,567 — — — Mortgage finance bonds — — — — — — Chilean financial institutions bonds — — — 119,302 — 119,302 Other local financial investments 90,790 — 90,790 15,840 — 15,840 Foreign institutions financial instruments Foreign Governments and Central Banks financial instruments 311,319 — 311,319 45,386 — 45,386 Other foreign financial instruments 236,843 159,582 396,425 366,487 187,455 553,942 Investments not quoted in active markets — — Corporate bonds — — — — — — Equity instruments Other financial instruments 9,865 — 9,865 10,406 — 10,406 Totals 3,735,290 1,013,943 4,749,233 3,660,450 187,455 3,847,905 (1) Financial assets at amortized cost are presented net of allowances for credit loss further disclosures are presented under section “c) Impairment of debt instruments at fair value through other comprehensive income and at amortized cost” |
Summary of Portfolio of Debt Securities Classified as Investment Instruments at Fair Value through Other Comprehensive Income Includes Impairment | As of December 31, 2022 and 2021 the portfolios of debt securities classified as investment instruments at fair value through other comprehensive income includes impairment movements as summarized below: Financial instruments at FVTOCI Stage 1 Stage 2 Stage 3 12-Month ECL Lifetime ECL Lifetime ECL Totals Opening balances as of January 1, 2022 (651) — — (651) Changes in the allowances - Transfer to stage 1 — — — — - Transfer to stage 2 — — — — - Transfer to stage 3 — — — — - Increases due to change in credit risk (125) — — (125) - Decreases due to change in credit risk 263 — — 263 - Charge-Offs — — — — - Changes due to modifications that did not result in derecognition 3 — — 3 New financial assets originated or purchased (260) — — (260) Financial assets that have been derecognized 460 — — 460 Changes in models/risk parameters — — — — Foreign exchange and other movements 7 — — 7 Ending balances as of December 31, 2022 (303) — — (303) Financial instruments at FVTOCI Stage 1 Stage 2 Stage 3 12-Month ECL Lifetime ECL Lifetime ECL Totals Opening balances as of January 1, 2021 (911) — — (911) Changes in the allowances - Transfer to stage 1 — — — — - Transfer to stage 2 — — — — - Transfer to stage 3 — — — — - Increases due to change in credit risk (847) — — (847) - Decreases due to change in credit risk 487 — — 487 - Charge-Offs — — — — - Changes due to modifications that did not result in derecognition — — — — New financial assets originated or purchased (93) — — (93) Financial assets that have been derecognized 715 — — 715 Changes in models/risk parameters — — — — Foreign exchange and other movements (2) — — (2) Ending balances as of December 31, 2021 (651) — — (651) |
Summary of Portfolio of Investment Instruments at Amortized Cost Includes Impairment | As of December 31, 2022 and 2021 the portfolios of investment instruments at amortized cost includes impairment movements as summarized below: Financial instruments at Amortized cost Stage 1 Stage 2 Stage 3 12-Month ECL Lifetime ECL Lifetime ECL Totals Opening balances as of January 1, 2022 (127) — — (127) Changes in the allowances - Transfer to stage 1 — — — — - Transfer to stage 2 — — — — - Transfer to stage 3 — — — — - Increases due to change in credit risk (1) — — (1) - Decreases due to change in credit risk 127 — — 127 - Charge-offs — — — — - Changes due to modifications that did not result in derecognition — — — — New financial assets originated or purchased (35) — — (35) Financial assets that have been derecognized — — — — Changes in models/risk parameters — — — — Foreign exchange and other movements 2 — — 2 Ending balances as of December 31, 2022 (34) — — (34) Financial instruments at Amortized cost Stage 1 Stage 2 Stage 3 12-Month ECL Lifetime ECL Lifetime ECL Totals Opening balances as of January 1, 2021 (101) — — (101) Changes in the allowances - Transfer to stage 1 — — — — - Transfer to stage 2 — — — — - Transfer to stage 3 — — — — - Increases due to change in credit risk (121) — — (121) - Decreases due to change in credit risk 95 — — 95 - Charge-offs — — — — - Changes due to modifications that did not result in derecognition — — — — New financial assets originated or purchased — — — Financial assets that have been derecognized — — — Changes in models/risk parameters — — — — Foreign exchange and other movements — — — — Ending balances as of December 31, 2021 (127) — — (127) |
Schedule of Unrealized Gains and Losses on the FVTOCI Portfolio | Unrealized gains and losses of the FVTOCI portfolio as of December 31, 2022 and 2021 are detailed as follows: As of December 31, 2022 As of December 31, 2021 Acquisition Unrealized Fair Acquisition Unrealized Fair cost Gain Losses value cost Gain Losses value Securities quoted in active markets Chilean Central Bank and Government securities Chilean Central Bank instruments 2,226,666 635 (272) 2,227,029 1,918,411 533 (285) 1,918,659 Chilean Treasury bonds 625,317 46 (7,155) 618,208 1,181,443 737 (121,801) 1,060,379 Other government securities 141,221 — (14,552) 126,669 125,372 812 (2,193) 123,991 Other local institutions financial instruments Time deposits in local banks 115,391 148 (972) 114,567 — — — — Mortgage finance bonds — — — — — — — — Chilean financial institutions bonds — — — — 121,983 49 (2,730) 119,302 Other local financial investments 94,583 — (3,793) 90,790 15,992 80 (232) 15,840 Foreign institutions financial instruments Foreign Governments and Central Banks financial instruments 323,937 16,085 (28,703) 311,319 30,336 15,332 (282) 45,386 Other foreign financial instruments 246,784 — (9,941) 236,843 380,306 626 (14,445) 366,487 Investments not quoted in active markets Corporate bonds — — — — — — — — Equity instruments Unlisted securities 8,274 1,591 — 9,865 6,987 3,419 — 10,406 Totals 3,782,173 18,505 (65,388) 3,735,290 3,780,830 21,588 (141,968) 3,660,450 |
Schedule of Portfolio of Equity Instruments at Fair Value through Comprehensive Income | As of December 31, 2022 and 2021 the portfolio of equity investment instruments at fair value through comprehensive income are detail as follows: 2022 2021 Unlisted securities MCh$ MCh$ Domestic entities Stock Exchanges 4,197 3,703 Foreign entities A.C.H Colombia 1,568 1,158 Redeban Multicolor S.A. 641 768 Cámara de Compensación Divisas de Colombia S.A. (1) — — Cámara de Riesgo Central de Contraparte S.A 308 867 Bolsa de Valores de Colombia 569 900 Credibanco 2,568 2,994 Patrimonio Autónomo Fiducredicorp (Comisionista) 14 16 Totals 9,865 10,406 (1) In August 2020, the Cámara de Compensación Divisas de Colombia S.A. participation was sold, corresponding to 2.43% of the total equity. (See note 24 on effects on equity) |
Schedule of Amount Recognized in Profit and Loss | For the years ended December 31, 2022 and 2021, the following gains and losses were recognized in profit or loss and other comprehensive income: 2022 2021 MCh$ MCh$ Dividends from equity investments held at FVTOCI recognized in profit or loss 1,795 1,870 Related to investments derecognized during the period (24,918) (32,954) Related to investments held at the end of the reporting period — — Totals (23,123) (31,084) |
Investment in Associates (Table
Investment in Associates (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Investments in Associates. | |
Summary of investments in associates | a) As of December 31, 2022 and 2021, investments in associates are as follows: Investment Investment Entity's share Investment amount Income Entity's share Investment amount Income as of December 31, as of December 31, as of December 31, as of December 31, as of December 31, as of December 31, Entity 2022 2022 2022 2021 2021 2021 % MM$ MM$ % MM$ MM$ Nexus S.A. (3) — % — — 14.8148 % — 468 Transbank S.A.(1) 8.7188 % 9,672 2,270 8.7188 % 7,399 (1,085) Combanc S.A.(2) 9.8100 % 745 80 9.8100 % 670 260 IMERC OTC S.A.(2) 8.6624 % 1,167 79 8.6624 % 1,083 70 Totals 11,584 2,429 9,152 (287) (1) On November 30, 2021, a purchase sale agreement was executed over the total participation held over Operadora de Tarjeta de Crédito Nexus SA (“Nexus”), together with the rest of current shareholder of Nexus, in order to sell to Minsait 100% of the equity held. As of December 31, 2022, the transaction was completed and Banco Itaú Chile ceased to be a shareholder of Nexus (See Note 3). (2) As of the second quarter of 2021, the Bank gained significant influence over Combanc S.A. and Imerc OTC S.A. Management concluded that, because of fact that the Bank can elect one of the members of the Board of Directors in each of these entities, in addition to other factors, such as significant transactions between the Bank and these entities, exchange of essential technical information with its investees and other factors, the Bank has significant influece in the financial and operating decision-making of these investees, but does not control them. With this transaction, the Bank’s total interest increased to 9.81% . |
Summarized financial information of associates | As of December 31, As of December 31, 2022 2021 Assets Liabilities Equity Income Assets Liabilities Equity Income MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Nexus S.A — — — — 21,145 9,673 8,310 3,162 Transbank S.A 1,498,207 1,387,278 84,898 26,031 1,317,587 1,232,689 97,337 (12,439) Combanc S.A. 8,358 1,004 6,424 930 7,569 931 6,246 392 IMERC OTC S.A. 35,564 22,342 12,350 872 35,641 23,023 12,247 371 Totals 1,542,129 1,410,624 103,672 27,833 1,381,942 1,266,316 124,140 (8,514) |
Schedule of movements in investments in associates | c) Investment in associates movements for the years ended December 31, 2022 and 2021 are as follows: 2022 2021 MCh$ MCh$ Balances as of January 1, 9,152 7,149 Investment acquisition (2) — 106 Investments reclassified to held for sale (3) — (1,279) Participation in income (1) 2,429 2,304 Transbank capital — 872 Other 3 — Totals 11,584 9,152 (1) Refer to reference (2) within section a) “Associated entities” regarding to 2021. (2) In November 2021, Banco Itaú Chile acquired 157 shares of Combanc S.A., giving it an increase of 1.63% in its interest ownership. With this transaction, the Bank’s total interest increased to 9.81% . (3) Refer to reference (1) within section a) “Associated entities” . |
Intangible assets (Tables)
Intangible assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Schedule of Intangibles Assets | a) Composition of intangibles assets as of December 31, 2022 and 2021 is as follows: Average Remaining Net assets as Net assets as Useful amortization of January 1, Gross Accumulated of December Concept life years years 2022 balance amortization 31, 2022 MCh$ MCh$ MCh$ MCh$ Software or computer programs 6 2 142,536 304,260 (145,583) 158,677 Goodwill from business combinations 492,512 492,512 — 492,512 Other intangible assets arising from 9 2 64,296 189,044 (146,443) 42,601 Totals 699,344 985,816 (292,026) 693,790 Average Remaining Net assets as Net assets as Useful amortization of January 1, Gross Accumulated of December Concept life years years 2021 balance amortization 31, 2021 MCh$ MCh$ MCh$ MCh$ Software or computer programs 6 3 140,180 268,047 (125,511) 142,536 Goodwill from business combinations 492,512 492,512 — 492,512 Other intangible assets arising from 9 3 85,991 189,044 (124,748) 64,296 Totals 718,683 949,603 (250,259) 699,344 |
Schedule of Movement of Intangible Assets | b) Movements on gross balances of intangible assets as of December 31, 2022 and 2021 are as follows: Software or Goodwill from Other intangible assets computer business arising from programs combinations business combinations Total MCh$ MCh$ MCh$ MCh$ Opening balances as of January 1, 2022 268,047 492,512 189,044 949,603 Additions 49,918 — — 49,918 Disposals (806) — — (806) Exchange differences (12,575) — — (12,575) Others (324) — — (324) Ending balances as of December 31, 2022 304,260 492,512 189,044 985,816 Software or Goodwill from Other intangible assets computer business arising from programs combinations business combinations Total MCh$ MCh$ MCh$ MCh$ Opening balances as of January 1, 2021 238,609 492,512 189,044 920,165 Additions 38,624 — — 38,624 Disposals (14,828) — — (14,828) Exchange differences 1,224 — — 1,224 Others 4,418 — — 4,418 Ending balances as of December 31, 2021 268,047 492,512 189,044 949,603 |
Schedule of Movements of Accumulated Amortization of Intangible Assets | c) Movements on accumulated amortization of intangible assets for the years ended December 31, 2022 and 2021 are as follows: Software or Goodwill Other intangible assets computer from business arising from programs combinations business combinations Totals MCh$ MCh$ MCh$ MCh$ Opening balances as of January 1, 2022 (125,511) — (124,748) (250,259) Amortization for the year (33,021) — (21,695) (54,716) Exchange differences 7,728 — — 7,728 Others 5,221 — — 5,221 Ending balances as of December 31, 2022 (145,583) — (146,443) (292,026) Software or Goodwill Other intangible assets computer from business arising from programs combinations business combinations Totals MCh$ MCh$ MCh$ MCh$ Opening balances as of January 1, 2021 (98,429) — (103,053) (201,482) Amortization for the year (34,096) — (21,695) (55,791) Exchange differences (994) — — (994) Others 8,008 — — 8,008 Ending balances as of December 31, 2021 (125,511) — (124,748) (250,259) |
Property, plant and equipment (
Property, plant and equipment (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Schedule of Property, Plant and Equipment | Average remaining Net assets as Net assets Useful life depreciation of January Gross Accumulated as of December years years 1, 2022 Balance depreciation 31, 2022 MCh$ MCh$ MCh$ MCh$ Buildings 26 14 32,648 61,920 (33,267) 28,653 Land — — 3,548 2,319 — 2,319 Equipment 6 3 23,798 82,885 (63,573) 19,312 Others 14 8 11,939 35,435 (25,523) 9,912 Totals 71,933 182,559 (122,363) 60,196 Average remaining Net assets as Net assets Useful life depreciation of January Gross Accumulated as of December years years 1, 2021 Balance depreciation 31, 2021 MCh$ MCh$ MCh$ MCh$ Buildings 26 15 36,653 75,719 (43,071) 32,648 Land — — 3,507 3,548 — 3,548 Equipment 6 4 27,650 85,835 (62,037) 23,798 Others 14 9 12,805 36,039 (24,100) 11,939 Totals 80,615 201,141 (129,208) 71,933 |
Schedule of Movement of Property, Plant and Equipment | Buildings Land Equipment Other Totals MCh$ MCh$ MCh$ MCh$ MCh$ Opening balances as of January 1, 2022 75,719 3,548 85,835 36,039 201,141 Additions 6,304 — 4,589 3,162 14,055 Sales and/or retirements for the year (13,513) (89) (1,224) (2,440) (17,266) Impairment — — — (20) (20) Exchange differences (3,814) (576) (6,315) (1,306) (12,011) Reclassification to assets held for sale (2,776) (106) — — (2,882) Other — (458) — — (458) Ending balances as of December 31, 2022 61,920 2,319 82,885 35,435 182,559 Buildings Land Equipment Other Totals MCh$ MCh$ MCh$ MCh$ MCh$ Opening balances as of January 1, 2021 73,312 3,506 85,404 35,664 197,886 Additions 3,213 — 4,887 2,635 10,735 Sales and/or disposals for the year — — (4,663) (2,386) (7,049) Impairment (1) — — (52) (415) (467) Exchange differences (806) 42 754 260 250 Others — — (495) 281 (214) Ending balances as of December 31, 2021 75,719 3,548 85,835 36,039 201,141 |
Schedule of Movements of Accumulated Depreciation of Property, Plant and Equipment | Buildings Land Equipment Other Total MCh$ MCh$ MCh$ MCh$ MCh$ Opening balances as of January 1, 2022 (43,071) — (62,037) (24,100) (129,208) Depreciation for the year (6,562) — (7,864) (4,494) (18,920) Sales and/or disposals for the year 12,811 — 1,034 1,838 15,683 Impairment — — — (10) (10) Exchange differences 2,235 — 5,294 1,243 8,772 Reclassification to assets held for sale 1,320 — — — 1,320 Other — — — — — Ending balances as of December 31, 2022 (33,267) — (63,573) (25,523) (122,363) Buildings Land Equipment Other Total MCh$ MCh$ MCh$ MCh$ Opening balances as of January 1, 2021 (36,658) — (57,754) (22,859) (117,271) Depreciation for the year (6,920) — (8,217) (3,471) (18,608) Sales and/or disposals for the year — — 4,645 2,307 6,952 Impairment 705 — 52 383 1,140 Exchange differences (198) — (763) (179) (1,140) Others — — — (281) (281) Ending balances as of December 31, 2021 (43,071) — (62,037) (24,100) (129,208) |
Assets for Rights-of-Use and _2
Assets for Rights-of-Use and Obligations for Lease Contracts (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Assets for Rights-of-Use and Obligations for Lease Contracts | |
Schedule of asset for right-to-use property under lease | (i) The Bank has mainly lease agreements for its branches and corporate building. The composition of this item as of December 31, 2022 and 2021, is as follows: Years of Years of average useful remaining Net Assets as of Accumulated Net Assets as of life useful life January 1, 2022 Gross Balances Depreciation December 31, 2022 N° N° MCh$ MCh$ MCh$ MCh$ Buildings 8 5 110,743 164,052 (74,513) 89,539 Land — — — — — — Others leased assets 3 — 38 — — — Totals 110,781 164,052 (74,513) 89,539 Years of Years of average useful remaining Net Assets as of Accumulated Net Assets as of life useful life January 1, 2021 Gross Balances Depreciation December 31, 2021 N° N° MCh$ MCh$ MCh$ MCh$ Buildings 7 5 145,906 175,358 (64,615) 110,743 Land — — — — — — Others leased assets 3 3 102 152 (114) 38 Totals 146,008 175,510 (64,729) 110,781 (ii) Movement in the gross balance of assets for the right to use assets under lease at 31 December 2022 and 2021, is as follows Buildings Land Others leased assets Totals MCh$ MCh$ MCh$ MCh$ Opening balance as of January 1, 2022 175,358 152 175,510 Additions 9,113 — — 9,113 Disposals due to early termination (1) (15,372) — (122) (15,494) Remeasurements of the liability due to modifications (2) (8,985) — (5) (8,990) Inflation indexation adjustments (3) 9,248 — — 9,248 Exchange differences (5,310) — (25) (5,335) Ending balances as of December 31, 2022 164,052 — — 164,052 Buildings Land Others leased assets Totals MCh$ MCh$ MCh$ MCh$ Opening balance as of January 1, 2021 195,992 — 173 196,165 Additions 4,674 — — 4,674 Disposals due to early termination (1) (32,712) — (16) (32,728) Remeasurements of the liability due to modifications (2) (728) — — (728) Inflation indexation adjustments (3) 6,258 — (6) 6,252 Exchange differences 1,874 — 1 1,875 Ending balances as of December 31, 2021 175,358 — 152 175,510 (1) Corresponds to early terminations due to the restructuring plan (2) Corresponds to remeasurements of the recognized liability due to contracts modifications. (3) Corresponds to subsequent adjustments due to liabilities remeasurements due to index changes, according to each lease agreement. Note 15 – Assets for Rights-of-Use and Obligations for Lease Contracts, continued (iii) The movement in the accumulated depreciation of assets for the right to use assets under lease agreements as of December 31, 2022 and 2021, is as follows: Buildings Land Other leased assets Totals MCh$ MCh$ MCh$ MCh$ Opening balance as of January 1, 2022 (64,615) — (114) (64,729) Depreciation (22,518) — (33) (22,551) Disposals due to early termination 9,790 — 125 9,915 Exchange differences 2,695 — 22 2,717 Reclassifications 135 — — 135 Impairment — — — — Ending balances as of December 31, 2022 (74,513) — — (74,513) Buildings Land Other leased assets Totals MCh$ MCh$ MCh$ Opening balance as of January 1, 2021 (50,086) — (71) (50,157) Depreciation (1) (27,125) — (59) (27,184) Disposals due to early termination (2) 13,333 — 16 13,349 Exchange differences (737) — — (737) Ending balances as of December 31, 2021 (64,615) — (114) (64,729) (1) See note 32 “Depreciation, amortization and impairment” (2) Corresponds to early terminations due to the restructuring plan |
Summary of obligations for lease contracts | i) As of December 31, 2022 and 2021, the obligations for lease contracts are as follows December 31, 2022 December 31, 2021 MCh$ MCh$ Lease contract liabilities 94,575 115,544 Totals 94,575 115,544 |
Summary of movement in lease liabilities and cash flows | ii) Movement in lease liabilities and cash flows for the period is shown below 2022 2021 MCh$ MCh$ Opening balance as of January 1, 115,544 151,885 Additions due to new contracts 9,113 4,674 Disposals due to early termination (2) (5,527) (20,177) Interest expenses 3,657 3,725 Remeasurements of the liability due to modifications (1) (8,908) (728) Inflation indexation adjustments 9,171 6,252 Exchange rate adjustments (22) 25 Exchange difference (3,776) 1,435 Capital and interest payments (24,677) (31,547) Ending balance as of December 31, 94,575 115,544 (1) Corresponds to remeasurements of the recognized liability due to contract modifications. (2) Corresponds to early terminations due to the restructuring pla n |
Current Taxes and Deferred Ta_2
Current Taxes and Deferred Taxes (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Schedule of Effect of Current Taxes Assets and Liabilities By Geographic Area | a.1) Current taxes assets and liabilities by geographical area: As of December 31, 2022 As of December 31, 2021 Chile USA (1) Colombia Totals Chile USA (1) Colombia Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Current tax assets 50,690 — 37,663 88,353 18,871 1,713 37,600 58,184 Current tax liabilities — — (77) (77) (393) — (939) (1,332) Totals, net 50,690 — 37,586 88,276 18,478 1,713 36,661 56,852 |
Schedule of current tax by geographical area | a.2) Details of current tax items by geographical area: As of December 31, 2022 As of December 31, 2021 Chile USA (1) Colombia Total Chile USA (1) Colombia Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Income tax with effect in profit and loss (12,000) — (1,819) (13,819) (51,768) — (2,908) (54,676) Income tax effect on equity, net investments hedge — — — — (7,145) — — (7,145) Income tax, rate 27% (12,000) — (1,819) (13,819) (58,913) — (2,908) (61,821) Less: Monthly Provisional Payments 51,824 — 24,576 76,400 25,429 — 19,494 44,923 Tax credit for training costs 1,000 — — 1,000 800 — — 800 Tax credit donations 828 — — 828 732 — — 732 4% event capital credit 721 — — 721 1,460 — — 1,460 Other taxes to be recovered (paid) (2) 8,317 — 14,829 23,146 48,970 1,713 20,075 70,758 Totals 50,690 — 37,586 88,276 18,478 1,713 36,661 56,852 (1) Corresponds to the branch located in New York. |
Schedule of Effect on Income | 2022 2021 2020 MCh$ MCh$ MCh$ Income tax expense Current tax expense (13,819) (54,676) 8,064 Deferred taxes Deferred tax expenses 34,041 (52,836) 109,848 Subtotals 20,222 (107,512) 117,912 Others 10,336 (8,119) (2,702) Net expense for income taxes 30,558 (115,631) 115,210 |
Schedule of Effective Tax Rate Reconciliation | The nominal tax rates of the countries where consolidated subsidiaries are located are: 2022 2021 2020 Tax rates Tax rates Tax rates Chile 27.0% 27.0% 27.0% Colombia 38.0% 34.0% 36.0% USA 21.0% 21.0% 24.1% For the years ended December 31, 2022 2021 2020 Tax rate Amount Tax rate Amount Tax rate Amount % MCh$ % MCh$ % MCh$ Amount calculated by using the statutory rates 27.00 (111,457) 27.00 (105,804) 27.00 254,169 Equity price level restatement for tax purposes (1) (37.76) 155,880 (15.85) 62,109 2.53 23,814 Effect of rates Colombia subsidiary (2) (0.78) 3,228 (0.51) 1,992 1.37 12,884 Effect of rates New York branch (0.19) 780 (0.21) 812 0.00 10 Goodwill impairment effect — — — — (19.93) (187,633) Capital investments tax exemptions (3) 0.36 (1,493) 2.58 (10,127) 0.14 1,303 Effect of rate change Colombia (0.40) 1,644 (2.26) 8,860 (0.40) (3,804) Exchange differences due to investments in Colombia (4) 2.94 (12,133) 16.51 (64,713) 1.94 18,285 Taxes in USA 2.15 (8,880) 0.95 (3,728) (0.10) (931) Permanent and other differences (5) (0.72) 2,989 1.28 (5,032) (0.31) (2,887) Totals (7.40) 30,558 29.51 (115,631) 12.24 115,210 (1) During the year ended December 31, 2022, the CPI factor used to adjust the Tax-basis Equity was equal to 13.3% ( 6.7% in 2021; 2.7% in 2020), (2) This line reflects the differences in tax rates from other jurisdictions, based on the Bank’s consolidated result, (3) Capital gains from sales of fixed income instruments qualifying for tax exemption under Article 104 of the Chilean Income Tax Act are not subject to income tax, (4) For tax purposes, the investment in Colombia is measured in U,S, dollars, The devaluation (appreciation) of the Chilean peso against the U,S, dollar generates income (expense) for tax purposes without a corresponding effect on the accounting results, The amount presented here represents the income tax expense (income) due to the effect of the exchange rate on the investment in Colombia, As part of its exchange rate risk management policy, the Bank has managed this exposure through instruments available in the market to protect itself economically from the tax effect generated by the variation in the exchange rate, The effect of these instruments (which offset the tax effect presented here) is recognized in the Net foreign exchange gain (loss) line of the Consolidated Statement of Income for the year, (5) This line provides the effects of the variation in the exchange rate for the US dollar reported by the Chilean Central Bank that affects the valuation of the tax investment of the New York branch; and other effects, |
Schedule of "OCI" that may be Reclassified Subsequent to Profit or Loss | The table below sets for a summary of the deferred tax effect on other comprehensive income for the years ended December 31, 2022, 2021 and 2020, which consists of the following items: d.1) Tax effect of “OCI” that may be reclassified subsequently to profit or loss: 2022 2021 2020 MCh$ MCh$ MCh$ Debt instruments at fair value through other comprehensive income (7,799) 10,569 1,558 Hedge of a net investment in foreign operations 3,749 18,417 (21,795) Cash flows hedge 15,882 (19,092) (3,034) Total charge to other comprehensive income 11,832 9,894 (23,271) d.2) “OCI” that may not be reclassified subsequently to profit or loss: 2022 2021 2020 MCh$ MCh$ MCh$ Income tax relating to defined benefit obligation (1,061) (274) (19) Total charge to other comprehensive income (1,061) (274) (19) |
Summary of Effect for Deferred Taxes Presented Assets and Liabilities | Detail of effects for deferred taxes presented in assets and liabilities is as follows: As of December 31, 2022 As of December 31, 2021 Assets Liabilities Net Assets Liabilities Net MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Allowances for loan losses 233,612 — 233,612 208,859 — 208,859 Accrued interest on past due portfolio 11,604 — 11,604 3,919 — 3,919 Unearned price differences 950 — 950 340 — 340 Personnel provisions 11,817 — 11,817 11,339 — 11,339 Contingencie provisions 38,308 — 38,308 54,579 — 54,579 Tax losses 81,182 — 81,182 57,248 — 57,248 Net tax value of amortizable assets 1,371 — 1,371 1,459 — 1,459 Depreciation of property, plant and equipment (34,768) — (34,768) (29,541) — (29,541) Lease division and others (31,311) — (31,311) 17,249 — 17,249 Mark to market of financial instruments (28,587) — (28,587) (34,892) — (34,892) Itaú-Corpbanca business combination (11,502) — (11,502) (17,399) — (17,399) IFRS 16 leases effect 1,417 — 1,417 (2,275) — (2,275) Others 519 — 519 1,326 — 1,326 Totals assets (liabilities) for deferred taxes 274,612 — 274,612 272,211 — 272,211 |
Schedule of Deferred Taxes by Geographic Area | e.2) Deferred taxes by geographic area: As of December 31, 2022 As of December 31, 2021 Chile USA Colombia Total Chile USA Colombia Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Deferred tax assets 178,996 16,587 79,029 274,612 182,981 15,717 73,513 272,211 Deferred tax liabilities — — — — — — — — Net by geographic area 178,996 16,587 79,029 274,612 182,981 15,717 73,513 272,211 |
Schedule of Effects of Deferred Taxes on Assets and Liabilities | Effects of deferred taxes on assets and liabilities arising from temporary differences (by geographic area) are as follows: As of December 31, 2022 As of December 31, 2021 Chile USA Colombia Total Chile USA Colombia Total MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Allowances for loan losses 209,012 142 24,458 233,612 185,022 (251) 24,088 208,859 Accrued interest on past due portfolio 11,604 — — 11,604 3,919 — — 3,919 Unearned price differences 950 — — 950 340 — — 340 Personnel provisions 4,973 595 6,249 11,817 4,286 393 6,660 11,339 Contingencie provisions 8,171 (229) 30,366 38,308 41,866 (1,774) 14,487 54,579 Tax losses 46,484 11,744 22,954 81,182 3,157 17,038 37,053 57,248 Net tax value of amortizable assets 1,371 — — 1,371 1,459 — — 1,459 Depreciation of property, plant and equipment (35,689) (61) 982 (34,768) (29,469) (56) (16) (29,541) Lease division and others (35,221) — 3,910 (31,311) 7,501 — 9,748 17,249 Mark to market of financial instruments (18,748) 4,396 (14,235) (28,587) (16,212) 368 (19,048) (34,892) Itaú-Corpbanca business combination (11,502) — — (11,502) (17,446) — 47 (17,399) IFRS 16 leases effect 891 — 526 1,417 (2,137) (1) (137) (2,275) Others (3,300) — 3,819 519 695 — 631 1,326 Totals assets (liabilities), net 178,996 16,587 79,029 274,612 182,981 15,717 73,513 272,211 |
Other Assets and Non-current _2
Other Assets and Non-current Assets Held for Sale (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Schedule of Other Assets | As of December 31, 2022 2021 MCh$ MCh$ Assets to be leased out as lessor (1) 16,012 29,241 Collateral for financial transactions (threshold) 456,749 582,448 Receivables from brokerage of financial instruments 18,467 33,137 Accounts receivable from third parties 43,000 88,736 Investment properties 2,536 1,169 VAT credit receivable 6,472 5,034 Prepaid expenses 30,189 27,538 Assets for revenue from contracts with customers 11,042 7,508 Other cash collateral provided (2) 2,920 2,997 Other assets 42,296 32,713 Totals 629,683 810,521 (1) Property, plant and equipment acquired to be ceded under financial leases. (2) Includes payments made in advance for different services that will be received (leases, insurance, and others). |
Schedule of Non-Currents Assets | As of December 31, 2022 2021 MCh$ MCh$ Assets received in payment or foreclosed at judicial auction Assets received in lieu of payment 12,873 10,170 Property, plant and equipment held for sale 7,827 478 Investment held for sale (1) — 1,746 Total 20,700 12,394 (1) The investment in companies held for sale includes the investment held in Nexus S.A. that provides support to the Bank, on November 30, 2021, subscribed a purchase and sale commitment for 100% of the shares held by the Bank. The Bank had recorded an asset of MCh $1,746 For further information see note 12. As of Decembre 2022, the bank received payments that amounts to MCh 1,763 for the sale of its interest in Nexus S.A generating a gain of MCh 17 for the transaction. |
Deposits and Other Demand Lia_2
Deposits and Other Demand Liabilities and Time Deposits (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
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Schedule of Deposits and Other Demand Liabilities | a) As of December 31, 2022 and 2021, deposits and other demand liabilities are as follow: As of December 31, 2022 2021 MCh$ MCh$ Checking accounts 3,813,559 4,664,214 Other deposits and demand accounts 1,410,626 2,556,021 Advance payments received from customers 22,028 38,199 Other demand liabilities 308,972 317,661 Totals 5,555,185 7,576,095 |
Schedule of Time Deposits and Other Time Liabilities | As of December 31, 2022 2021 MCh$ MCh$ Time deposits 12,685,710 10,076,331 Time savings accounts 17,943 21,112 Other time liabilities — — Totals 12,703,653 10,097,443 |
Interbank Borrowings (Tables)
Interbank Borrowings (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
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Schedule of Interbank Borrowings | a) As of December 31, 2022 and 2021, interbank borrowings are as follows: As of December 31, 2022 2021 MCh$ MCh$ Loans obtained from local financial institutions Chilean Central Bank (1) 3,007,284 3,007,242 Banks in the country 35,085 — Subtotals 3,042,369 3,007,242 Loans obtained from foreign financial institutions Banco Caja Social — 58,893 Banco Itaú Paraguay S.A. — 8,450 Banco de crédito e inversiones 24,438 — Banco Latinoamericano de Exportación (BLADEX) 72,167 62,891 Banco República — 330 Bancoldex S.A. (Colombia) 16,619 22,037 Bank of America, N.A. 148,266 79,744 Bank of Montreal 141,063 158,526 Bank of New York 50,337 42,204 Bank of Nova Scotia 106,862 141,455 BBVA Asset Management Continental S.A. (Perú) — 44,987 BNP Paribas 131,794 118,551 Citibank N.A. 123,494 42,204 Cobank C.B. 53,469 51,603 Commerzbank A.G. 110,572 15 Corporación Andina de Fomento — 84,408 Credicorp Capital SASAF — 96,775 Deutsche Bank A.G. 90,155 84,177 Findeter S.A. Financiera del Desarrollo Territorial 47,906 55,505 IFC Corporación Financiera Internacional — 88,080 La Caixa 71,476 17,942 Mizuho Corporate Bank 17,086 — Scotia Fondos Sociedad Administradora de Fondos S.A. — 14,408 Standard Chartered Bank 64,073 — Sumitomo Mitsui Banking Corporation 185,465 368,250 Unicredit Bank — 16,638 Wells Fargo Bank, N.A. 171,313 202,629 Zuercher Kantonalbank 7,942 — Others 51,457 50,479 Subtotals 1,685,954 1,911,181 Totals 4,728,323 4,918,423 (1) Corresponds to funds obtained through the new Conditional Funding Facility (FCIC) and the Liquidity Credit Line (LCL), granted by the Central Bank of Chile (BCCh) in response to the financials needs generated by the spread of the COVID-19 virus. Funds obtained through FCIC are guaranteed by high credit quality loans and / or bonds issued by the BCCh and have automatic and successively monthly renewal maturities, with a maximum term of 4 years from March 30, 2020 until March 30, 2024. On January 31, 2022, the Central Bank established an optional mecanisim in order to incorporate LCL into the FCIC. The bank consolidate both instruments into FCIC extending its maturity for an additional two years . |
Debt Instruments Issued and O_2
Debt Instruments Issued and Other Financial Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
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Schedule of composition of debt instruments issued and other financial liabilities | As of December 31, 2022 2021 MCh$ MCh$ Debt instruments issued 6,907,380 5,652,230 Regulatory capital financial instruments issued 1,263,169 1,153,045 8,170,549 6,805,275 |
Schedule of Debt instruments issued | a) Debt instruments issued As of December 31, 2022 2021 MCh$ MCh$ Debt instruments issued Mortgage finance bonds 18,940 24,035 Senior bonds 6,528,867 5,585,760 Subtotals 6,547,807 5,609,795 Other financial liabilities Liabilities with the public sector — — Borrowings from local financial institutions 359,573 42,435 Subtotals 359,573 42,435 Totals 6,907,380 5,652,230 |
Schedule of Debt Classified | a.1) Mortgage finance bonds Debts classified as short-term are those that constitute demand obligations or will mature within a year. All other debts are classified as long-term. Detail is as follows As of December 31, 2022 Short term Long term Totals MCh$ MCh$ MCh$ Mortgage finance bonds 6,146 12,794 18,940 Senior bonds 323,821 6,205,046 6,528,867 Debt instruments issued 329,967 6,217,840 6,547,807 Other financial liabilities 359,573 — 359,573 As of December 31, 2021 Short term Long term Totals MCh$ MCh$ MCh$ Mortgage finance bonds 6,809 17,226 24,035 Senior bonds 506,250 5,079,510 5,585,760 Debt instruments issued 513,059 5,096,736 5,609,795 Other financial liabilities 42,435 — 42,435 |
Schedule of Senior Bonds, by Currency | Details for senior bonds, by currency, are as follows: As of December 31, 2022 2021 MCh$ MCh$ Bonds in UF 5,853,292 4,651,061 Bonds in CLP 252,573 352,171 Bonds in COP 423,002 582,528 Totals 6,528,867 5,585,760 |
Summary of Senior Bonds Issued | The following table presents details for senior bonds issued: Senior bonds issued during the year ended December 31, 2022: Serie Currency Amount Term Issuance rate Placement date Maturity date BITACT0418 UF 1,500,000 8 years and 2 months 2.00% annual 02/25/2022 10/09/2027 BITACV0418 UF 3,000,000 8 years and 2 months 2.00% annual 03/03/2022 10/09/2029 BITACU0418 UF 2,000,000 6 years and 1 month 2.00% annual 03/18/2022 10/09/2028 BITADL0321 UF 3,000,000 9 years and 9 months 1.00% annual 05/27/2022 03/09/2032 BITADK0821 UF 3,000,000 9 years and 2 months 1.00% annual 05/31/2022 08/09/2031 BITADJ0321 UF 3,000,000 8 years and 9 months 1.00% annual 06/16/2022 08/09/2031 BITADI0521 UF 3,000,000 7 years and 10 months 1.00% annual 08/01/2022 05/09/2030 BITADH0321 UF 3,000,000 7 years and 5 months 1.00% annual 08/25/2022 03/09/2030 BITADO0622 UF 5,000,000 11 years 2.20% annual 11/04/2022 06/09/2033 BITADN0322 UF 3,000,000 9 years and 9 months 2.20% annual 11/29/2022 09/09/2032 BITADP0222 UF 1,000,000 11 years and 7 months 2.20% annual 12/27/2022 08/09/2034 BITADP0222 UF 1,000,000 11 years and 7 months 2.20% annual 12/27/2022 09/08/2034 Totals 31,500,000 Senior bonds issued during the year ended December 31, 2021: Serie Currency Amount Term Issuance rate Placement date Maturity date BITADD0919 UF 1,000,000 8 years and 2 months 0.75% annual 01/15/2021 03/09/2029 BITADD0919 UF 1,000,000 8 years and 2 months 0.75% annual 01/19/2021 03/09/2029 BITADB0919 UF 1,000,000 6 years and 1 month 0.75% annual 02/10/2021 03/09/2027 BITADB0919 UF 2,000,000 6 years 0.75% annual 03/11/2021 03/09/2027 BITADD0919 UF 500,000 7 years and 11 months 0.75% annual 04/09/2021 03/09/2029 BITADD0919 UF 1,500,000 7 years and 10 months 0.75% annual 05/31/2021 03/09/2029 BITACW0418 UF 2,000,000 9 years and 1 month 2.00% annual 08/27/2021 10/09/2030 BITADB0919 UF 1,000,000 5 years and 6 months 0.75% annual 09/14/2021 03/09/2027 BITADB0919 UF 1,000,000 5 years and 6 months 0.75% annual 09/15/2021 03/09/2027 BITACN0419 CLP 60,000,000,000 4 years and 5 months 2.50% annual 10/21/2021 04/01/2026 BITACW0418 UF 5,500,000 8 years and 11 months 2.00% annual 10/26/2021 10/09/2030 BITACT0418 UF 2,000,000 5 years and 11 months 2.00% annual 10/26/2021 10/09/2027 BITACV0418 UF 3,000,000 7 years and 11 months 2.00% annual 11/03/2021 10/09/2029 BITACT0418 UF 2,000,000 5 years and 11 months 2.00% annual 11/03/2021 10/09/2027 Totals UF 23,500,000 Serie Currency Amount Term Issuance rate Placement date Maturity date BITACN0419 CLP 60,000,000,000 4 years and 5 months 2.50% annual 10/21/2021 04/01/2026 Totals CLP 60,000,000,000 |
Schedule of Subordinated Bonds, by Currency | Details of subordinated bonds, by currency, are as follows: As of December 31, 2022 2021 MCh$ MCh$ Subordinated bonds Subordinated bonds with transitional recognition — — Subordinated bonds 1,263,169 1,153,045 Regulatory capital financial instruments issued 1,263,169 1,153,045 As of December 31, 2022 2021 MCh$ MCh$ Bonds in UF 1,070,933 955,982 Bonds in CLP 147,291 — Bonds in COP 44,945 197,063 Totals 1,263,169 1,153,045 |
Provisions (Tables)
Provisions (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of defined benefit plans [line items] | |
Schedule of Provisions | Provisions disclosed in liabilities as of December 31, 2022 and 2021 present the following detail: As of December 31, 2022 2021 MCh$ MCh$ Provisions for personnel salaries and expenses 109,211 116,274 Provisions for mandatory dividends 130,123 83,342 Provisions for contingent loans risk 41,701 30,589 Provisions for contingencies 6,099 5,142 Totals 287,134 235,347 |
Movements in Contingent Loans Provisions For Contingent Loan Risk According to IFRS9 | b) Movements in provisions for contingent loans risk, for the year ended December 31, 2022 and 2021 are as follows: Provisions for contingent loans risk Stage 1 Stage 2 Stage 3 12-Month ECL Lifetime ECL Lifetime ECL Totals Opening balances as of January 1, 2022 17,536 5,372 7,681 30,589 Changes in provisions - Transfers to stage 1 1,007 (951) (56) — - Transfers to stage 2 (642) 820 (178) — - Transfers to stage 3 (64) (167) 231 — - Increases due to change in credit risk 6,589 4,712 1,493 12,794 - Decreases due to change in credit risk (2,935) (1,350) (999) (5,284) - Charge-offs (21) (185) (8) (214) - Changes due to modifications that did not result in derecognition — — — — New financial assets originated or purchased 8,166 3,377 1,189 12,732 Financial assets that have been derecognized (5,064) (1,505) (844) (7,413) Changes in models/risk parameters — — — — Foreign exchange and other movements (1,336) (167) — (1,503) Ending balances as of December 31, 2022 23,236 9,956 8,509 41,701 Note 21 – Provisions, continued Provisions for contingent loans risk Stage 1 Stage 2 Stage 3 12-Month ECL Lifetime ECL Lifetime ECL Totals Opening balances as of January 1, 2021 18,587 12,179 9,009 39,775 Changes in provisions - Transfers to stage 1 2,689 (2,663) (26) — - Transfers to stage 2 (697) 727 (30) — - Transfers to stage 3 (46) (1,336) 1,382 — - Increases due to change in credit risk 2,615 2,611 5,029 10,255 - Decreases due to change in credit risk (8,517) (5,453) (208) (14,178) - Charge-offs (15) (43) (6) (64) - Changes due to modifications that did not result in derecognition — — — — New financial assets originated or purchased 7,743 1,592 908 10,243 Financial assets that have been derecognized (4,915) (2,266) (8,382) (15,563) Changes in models/risk parameters — — — — Foreign exchange and other movements 92 24 5 121 Ending balances as of December 31, 2021 17,536 5,372 7,681 30,589 |
Schedule of Provision Balance Changes | c) The following table details the movements in provision during 2022 and 2021: Provisions for personnel Provision for Provisions for Provisions for salaries and expenses mandatory dividends contingent loans risk contingencies (1) (2) (3) Totals MCh$ MCh$ MCh$ MCh$ MCh$ Opening balances as of January 1, 2022 116,274 83,342 30,589 5,142 235,347 Provisions applied (1,208) (83,342) — — (84,550) Provisions established 61,353 130,123 25,526 2,811 219,813 Provisions released (56,258) — (12,911) (853) (70,022) Exchange differences (10,950) — (1,503) (1,001) (13,454) Ending balances as of December 31, 2022 109,211 130,123 41,701 6,099 287,134 Provisions for personnel Provisions for Provisions for Provisions for salaries and expenses mandatory dividends contingent loans risk contingencies (1) (2) (3) Totals MCh$ MCh$ MCh$ MCh$ MCh$ Opening balances as of January 1, 2021 90,739 — 39,775 4,576 135,090 Provisions applied (46,062) — — (162) (46,224) Provisions established 170,962 83,342 20,498 (2,931) 271,871 Provisions released (96,264) — (29,805) 3,665 (122,404) Exchange differences (3,101) — 121 (6) (2,986) Ending balances as of December 31, 2021 116,274 83,342 30,589 5,142 235,347 (1) Employee benefits and staff salaries are recorded in “Personnel salaries and expenses.” (2) Mandatory dividends is recorded in the Consolidated Statement of Financial Position in equity, against “Provision for mandatory dividends.” (3) The provisions for contingencies (established) or released are included in Other operating (expenses)/income, depending on whether they are debit or a credit. |
Schedule of Provisions for Payroll and Employee Benefits | d) Provisions for payroll and employee benefits As of December 31, 2022 2021 MCh$ MCh$ Provision of short-term employee benefits (1) 58,262 53,388 Provision of benefits to post-employment employees — — Provision of long-term employee benefits (2) 13,325 16,822 Provision of benefits to employees for termination of employment contract (d.1)(d.3)(d.4) 11,255 11,042 Provision for payments to employees based on shares or equity instruments — — Provision for obligations for defined contribution post-employment plans — — Provision for obligations for post-employment defined benefit plans (d.2) 20,153 26,889 Provision for other staff obligations 6,216 8,133 Totals 109,211 116,274 (1) Short-term benefits includes provision for performance compensations, holiday benefits, year-end bonuses and other similar employee compensation. (2) During 2021 and 2022, the Bank entered into an agreement consisting of an extraordinary long-term variable remuneration which will be paid in April 2024 and 2025, respectively. The remuneration is determined based on a nominal amount adjusted by the variation of the share price at closing date, which will be settled in cash when the milestones of the agreement are met. As of December 31, 2022 and 2021, a provision of MCh $3,598 and MCh $3,277 , were recognized respectively. |
Schedule of Defined Benefit Obligation and the Amounts Recognized in the Statement of Income | The movements of the present value of the obligation for this type of benefit and the amounts recognized in the Consolidated Statements of Income are determined using the projected credit unit method and it consist of the following: 2022 2021 MCh$ MCh$ Opening balances as of January 1, 9,061 9,300 Net cost of benefits (1) (543) 656 Payments (861) (1,006) Provisions recorded — — Exchange differences (1,474) 111 Ending balances as of December 31, 6,183 9,061 (1) Detail of net cost of benefit is as follows: As of December 31, 2022 2021 MCh$ MCh$ Current services cost 426 209 Reduction – service costs (1,466) — Interest expense on obligation 497 447 Total (543) 656 |
Schedule of Summary Effects in Other Comprehensive Income | The effect on Other Comprehensive Income is summarized as follows: For the years ended December 31, 2022 2021 2020 MCh$ MCh$ MCh$ Pension plan (e.2) (1,325) (3,389) 885 Retroactive unemployment plan (e.3) (21) (36) (29) Retirement bonus plan (e.4) (12) (97) 33 Total recognition of obligations for defined benefits (1,358) (3,522) 889 |
Schedule of future payments | The following is a detail of future payments for the year 2022 and 2021: Long-term Retroactive Retirement termination unemployment benefit 2022 benefits Pension plan plan plan MCh$ MCh$ MCh$ MCh$ Year 2023 953 2,222 168 88 Year 2023 1,105 2,297 38 24 Year 2024 1,105 2,284 19 30 Year 2025 877 2,262 1 25 Year 2026 786 2,232 18 30 Years 2028- 2032 4,612 10,555 80 170 Long-term Retroactive termination unemployment Retirement 2021 benefits Pension plan plan benefit plan MCh$ MCh$ MCh$ MCh$ Fiscal year 2022 1,178 2,465 105 102 Fiscal year 2023 1,154 2,427 72 50 Fiscal year 2024 880 2,410 32 37 Fiscal year 2025 841 2,386 15 39 Fiscal year 2026 – 2030 1,016 2,353 1 37 Fiscal year 2027 – 2031 4,883 11,085 90 227 |
Long-term employee benefits [member] | |
Disclosure of defined benefit plans [line items] | |
Summary of Economic Assumptions | The economic assumptions are summarized as follows: As of December 31, 2022 2021 % % Summary of economic assumptions Discount rate 9.75 7.00 Expected rate of salary increase 14.30 7.70 |
Pension plan [member] | |
Disclosure of defined benefit plans [line items] | |
Summary of Economic Assumptions | The summary of the economic assumptions is as follows: As of December 31, 2022 2021 % % Assumptions Discount rate 9.75 7.50 Expected rate of salary increases 11.80 5.20 Inflation rate 11.80 5.20 |
Schedule of movements of plan balances | Note 21 – Provisions, continued The detail of Pension plan balances movements is as follows: 2022 2021 MCh$ MCh$ Opening balances as of January 1, 26,889 31,531 Interest expense on obligation 1,611 1,606 Payments (2,650) (3,238) Actuarial losses (gains) (1,325) (3,389) Exchange differences (4,372) 379 Ending balances as of December 31, 20,153 26,889 |
Retroactive unemployment plan [member] | |
Disclosure of defined benefit plans [line items] | |
Summary of Economic Assumptions | The economic assumptions are summarized as follows: As of December 31, 2022 2021 % % Assumptions Discount rate 8.75 5.75 Expected rate of salary increases 14.30 7.70 Inflation rate 11.80 5.20 |
Schedule of movements of plan balances | The details of movements for this benefits during years ended December 31, 2022 and 2021 are as follows: 2022 2021 MCh$ MCh$ Opening balances as of January 1, 297 296 Current services costs 140 109 Interest expense on obligations 12 11 Actuarial gains (21) (36) Payments of benefits (104) (87) Exchange differences (48) 4 Ending balances as of December 31, 276 297 |
Retirements bonus plan [member] | |
Disclosure of defined benefit plans [line items] | |
Summary of Economic Assumptions | The economic assumptions are summarized as follows: As of December 31, 2022 2021 % % Summary of economic hypothesis Discount rate(s) 9.80 7.50 Expected rate(s) of salary increase 13.80 7.20 Inflation rate 11.80 5.20 |
Schedule of movements of plan balances | The movements in amounts recognized for this benefit are as follows: 2022 2021 MCh$ MCh$ Opening balances as of January 1, 670 689 Current service costs (128) 49 Interest expense on obligation 39 36 Actuarial (gains) losses (12) (97) Payments of benefits (14) (17) Exchange differences (109) 10 Ending balances as of December 31, 446 670 |
Other liabilities and liabili_2
Other liabilities and liabilities directly associated with non-current assets held for sale (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Schedule of other liabilities | a) As of December 31, 2022 and 2021 the other liabilities are as follows: As of December 31, 2022 2021 MCh$ MCh$ Accounts and notes payable (1) 394,975 434,938 Dividends payable 216 244 Unearned income (2) 73,983 12,744 Unearned fees 833 3,816 Payables due to brokerage transactions 18,463 24,488 Collateral for financial transactions (threshold) 464,722 196,012 Other liabilities 54,370 37,370 Totals 1,007,562 709,612 (1) Obligations other than those directly related to the business operations, such as payable withholding taxes, payable social security contributions, balances due on purchases of materials, balances due on obligations under lease agreements for the acquisition of fixed assets, accounts payable for expenses, and others. (2) It corresponds to commissions associated with financial advisory and insurance brokerage businesses that must be deferred in accordance with applicable regulations. |
Contingencies, Commitments, a_2
Contingencies, Commitments, and Responsibilities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Schedule of Bank and Its Subsidiaries are Contractually Obliged to Grant Loans | The following table contains the amounts for which the Bank and its subsidiaries are contractually obliged to grant loans together with the relevant allowances for loan losses: As of December 31, 2022 2021 MCh$ MCh$ Collateral and guarantees 603,177 552,340 Confirmed foreign letters of credit 153,764 284,259 Letters of credit issued 8,950 10,472 Documented guarantees 1,954,387 1,800,785 Available on demand credit lines 4,757,552 4,496,446 Other credit commitments 601,476 715,621 Totals 8,079,306 7,859,923 |
Schedule of Responsibilities Arising From the Regular Course of Business | The Bank and its subsidiaries have the following responsibilities arising from its regular course of business: As of December 31, 2022 2021 MCh$ MCh$ Third-party transactions Debt Collections 16,387 18,270 Transferred financial assets managed by the Bank 1,126,576 1,122,204 Third-party resources managed by the Bank and its subsidiaries 480,718 — Subtotal 1,623,681 1,140,474 Custody of securities Safeguarded securities held by the Bank and its affiliates 5,122,461 3,818,287 Safeguarded securities deposited in another entity 287,000 245,863 Securities issued by the Bank itself 100,506 100,106 Subtotal 5,509,967 4,164,256 Totals 7,133,648 5,304,730 |
Schedule of Insurance Policies Held | Entity From To Amount (UF) Beneficiary Consorcio Nacional de Seguros S.A 4-15-2022 4-14-2023 (1) 60,000 and 500 Itaú Corredores de Seguro S.A |
Schedule of Performance Bond | Entity From To Amount (UF) Beneficiary Mapfre Compañía de Seguros S.A 4-22-2022 4-22-2024 16,000 Bolsa Electrónica de Chile Mapfre Compañía de Seguros S.A 4-22-2022 4-22-2024 4,000 Bolsa de Comercio de Santiago |
Schedule of Comprehensive Insurance Policy | In addition, the Company has contracted a comprehensive insurance policy to provide for possible situations of operational fidelity. The detail of the comprehensive insurance policy is as follows: Entity From To Amount (UF) Beneficiary Orion Seguros Generales S.A. 06-30-2022 06-30-2023 5,000 and 10,000 Bolsa Electrónica de Chile |
Schedule of Guarantee Slips and Beneficiaries | Entity From To Amount (UF) Beneficiary Banco Bice 12-30-2021 12-29-2023 500 Corporación del fomento de la producción CORFO Banco Bice 12-30-2021 12-29-2023 15,000 Corporación del fomento de la producción CORFO |
Equity (Tables)
Equity (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Schedule of Paid in Capital of the Bank | As of December 31, 2022, 2021 and 2020, the paid-in capital of the Bank is represented by common shares subscribed and paid, with no par value, and its motion presented below: Common shares 2022 2021 2020 (number) (number) (number) Issued as of January 1, 973,517,871,202 512,406,760,091 512,406,760,091 Issuance of paid shares 461,111,111,111 — Increase in share for Itaú-Corpbanca business combination — — — Issuance of shares pending payment — — — Repurchase of own shares — — — Sale of own shares — — — Issued as of December 31, 973,517,871,202 973,517,871,202 512,406,760,091 |
Schedule of Shareholder List | Shares 2022 2021 2020 Number of Ownership Number of Ownership Number of Ownership Company name or shareholder name shares % shares % shares % Itaú Unibanco 638,826,855,128 65.62 % 551,015,065,630 56.60 % 200,966,823,626 39.22 % ITB Holding Brasil Participaçoes Ltda. (1) 337,067,239,334 34.62 % 242,989,430,571 24.96 % 62,567,655,359 12.21 % Itaú Unibanco Holding S.A. 256,035,852,654 26.30 % 256,035,852,654 26.30 % 115,039,610,411 22.45 % CGB II SpA 18,011,182,273 1.85 % 24,277,201,538 2.49 % 10,908,002,836 2.13 % CGB III SpA 4,006,137,826 0.41 % 4,006,137,826 0.41 % 1,800,000,000 0.35 % Saga II SpA 15,579,424,880 1.60 % 15,579,424,880 1.60 % 7,000,000,000 1.37 % Saga III SpA 8,127,018,161 0.84 % 8,127,018,161 0.84 % 3,651,555,020 0.71 % Saieh Family 12,944,134,744 1.33 % 139,150,760,455 14.29 % 140,835,760,455 27.49 % Corp Group Banking S.A. (2) 10,336,224,362 1.06 % 134,442,850,073 13.81 % 136,127,850,073 26.57 % Compañía Inmobiliaria y de Inversiones Saga SpA 2,607,910,382 0.27 % 4,707,910,382 0.48 % 4,707,910,382 0.92 % International Finance Corporation 11,189,693,524 1.15 % 18,974,820,165 1.95 % 17,017,909,711 3.32 % Others 310,557,187,806 31.90 % 264,377,224,952 27.16 % 153,586,266,299 29.97 % Local Securities Brokerage 154,068,949,153 15.83 % 140,668,223,148 14.45 % 80,382,817,848 15.69 % ADRs Holders and Inst. Foreign Investors 75,531,854,039 7.76 % 54,904,718,599 5.64 % 35,127,077,810 6.86 % Local institutional investors 69,728,964,485 7.16 % 57,548,753,873 5.91 % 25,351,261,131 4.95 % Other minority shareholders 11,227,420,129 1.15 % 11,255,529,332 1.16 % 12,725,109,510 2.48 % Totals 973,517,871,202 100.00 % 973,517,871,202 100.00 % 512,406,760,091 100.00 % (1) Includes 103,736,846,776 shares owned by ITB Holding Brasil Participações Ltda. under custody. (2) As of December 31, 2022 and 2021 includes 36,000,000 shares owned by Corp Group Banking S.A. under custody. (3) The percentages included in this column have been rounded for ease of presentation. These Percentages have been calculated on the basis of the unrounded figures presented in the “No. Shares” column. |
Schedule of Distribution of Dividends | At the Ordinary Meeting of the Shareholders of Banco Itaú Chile held on March 24, 2022 the shareholders agreed to distribute profits for MCh$83,342 representing 30% of the profits for 2021. Income Allocated to attributable to reserves and Dividend per equity holders retained Allocated to Percentage share Years (1) earnings (1) dividends distributed Number of shares (in pesos) MCh$ MCh$ MCh$ % Year 2021 (Shareholders’ Meeting March 2022) 279,765 196,423 83,342 30% % 973,517,871,202 0.08561 Year 2020 (Shareholders’ Meeting March 2021) (925,479) (156,342) — 0% % 512,406,760,091 — (1) According to the Consolidated Financial Statements filed with the CMF. |
Schedule of Attributable to the Equity Holders of the Bank | As of and for the years ended December 31, 2022 2021 2020 N° of Shares Amount N° of Shares Amount N° of Shares Amount Millions MCh$ Millions MCh$ Millions MCh$ Basic earnings per share Net income for the year — 443,288 — 273,410 — (808,784) Weighted average number of outstanding shares 973,518 — 598,861 — 512,407 — Assumed convertible debt conversion — — — — — — Adjusted number of outstanding shares 973,518 — 598,861 — 512,407 — Basic earnings per share (Chilean pesos) — 0.455 — 0.457 — (1.578) Diluted earnings per share Net income for the year — 443,288 — 273,410 — (808,784) Weighted average number of outstanding shares 973,518 — 598,861 — 512,407 — Dilutive effects Assumed convertible debt conversion — — — — — — Conversion of common shares — — — — — — Options rights — — — — — — Adjusted number of shares 973,518 — 598,861 — 512,407 — Diluted earnings per share (Chilean pesos) — 0.455 — 0.457 — (1.578) |
Schedule of Equity Effects and Income Taxes | Note 24 – Equity, continued The following are the equity effects and income taxes for years ended December 31, 2022, 2021 and 2020: Exchange differences on Hedge of net investment in Debt investments in Colombia and Defined Equity instruments Cash flow foreign New York benefits instruments As of December 31, 2022 at FVTOCI hedge operations branch obligations at FVTOCI Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Other comprehensive income (loss) before income taxes Opening balances as of January 1, 2022 (129,884) 40,700 (25,747) 24,203 (5,147) 1,240 (94,635) Effects for the year 41,575 35,577 (42,070) (78,901) 2,294 1,739 (39,786) Reclasification new bussines model according to IFRS 9 102,250 — — — — — 102,250 Termination of accounting hedges highly probable transactions — (61,330) — — — — (61,330) Ending balances as of December 31, 2022 13,941 14,947 (67,817) (54,698) (2,853) 2,979 (93,501) Income taxes related to components of other comprehensive income (loss) Opening balances as of January 1, 2022 (3,305) (20,871) 18,849 — 1,994 — (3,333) Effects for the period (7,761) (683) 3,730 — (1,055) — (5,769) Reclasification new bussines model according to IFRS 9 (16,064) — — — — — (16,064) Termination of accounting hedges highly probable transactions — 16,559 — — — — 16,559 Ending balances as of December 31, 2022 (27,130) (4,995) 22,579 — 939 — (8,607) Net balances as of December 31, 2022 (13,189) 9,952 (45,238) (54,698) (1,914) 2,979 (102,108) Exchange differences on Hedge of net investment in Debt investments Colombia and Defined Equity instruments Cash flow in foreign New York benefits instruments As of December 31, 2021 at FVTOCI hedge operations branch obligations at FVTOCI Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Other comprehensive income (loss) before income taxes Opening balances as of January 1, 2021 33,154 (8,621) 63,339 (26,829) (8,116) — 1,660 54,587 Effects for the year (163,038) 49,321 (28,239) 51,032 2,969 (420) (88,375) Reclassifications due to the discontinuation of the net investment in Itaú Colombia hedge — — (60,847) — — — (60,847) Ending balances as of December 31, 2021 (129,884) 40,700 (25,747) 24,203 (5,147) 1,240 (94,635) Income taxes related to components of other comprehensive income (loss) Opening balances as of January 1, 2021 (12,760) (2,067) (15,168) — 2,232 — — (27,763) Effects for the year 9,455 (18,804) 17,331 — (238) — 7,744 Reclassifications due to the discontinuation of the net investment in Itaú Colombia hedge — — 16,686 — — — 16,686 Ending balances as of December 31, 2021 (3,305) (20,871) 18,849 — 1,994 — (3,333) Net balances as of December 31, 2021 (133,189) 19,829 (6,898) 24,203 (3,153) 1,240 (97,968) Note 24 – Equity, continued Exchange differences on Hedge of net investment Debt investments in Colombia Defined Equity instruments Cash flow in foreign and New York benefits instruments As of December 31, 2020 at FVTOCI hedge operations branch obligations at FVTOCI Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Other comprehensive income (loss) before income taxes Opening balances as of January 1, 2020 37,484 (822) (17,383) 37,328 (6,484) — 1,739 51,862 Effects for the year (4,330) (7,799) 80,722 (64,169) (1,632) 310 3,102 Transfer of gain on disposal of equity investments at fair value through other comprehensive income to retained earnings — — — 12 — (389) (377) Ending balances as of December 31, 2020 33,154 (8,621) 63,339 (26,829) (8,116) 1,660 54,587 Income taxes related to components of other comprehensive income (loss) Opening balances as of January 1, 2020 (12,705) (465) 6,627 — 1,798 — — (4,745) Effects for the year (55) (1,602) (21,795) — 434 — (23,018) Ending balances as of December 31, 2020 (12,760) (2,067) (15,168) — 2,232 — (27,763) Net balances as of December 31, 2020 20,394 (10,688) 48,171 (26,829) (5,884) 1,660 26,824 |
Schedule of Non-controlling Interest in the Subsidiary's Equity and Profit | As of December 31, 2022 Other Comprehensive Income Hedge of Exchange net Financial differences investment Cash Defined Total other Total Non- Net instruments at on in foreign flows benefits Deferred comprehensive comprehensive Subsidiaries controlling Equity income FVTOCI (1) translation operations hedge obligations Tax income income % MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Itaú Corredor de Seguro Colombia S.A. (1) 0.013 % — — — — — — — — — — Itaú Colombia S.A. and subsidiaries 0.538 % 874 72 93 (238) (32) (21) 15 (19) (202) (130) Totals 874 72 93 (238) (32) (21) 15 (19) (202) (130) (1) Financial instruments at FVTOCI include debt instruments for MCh $93 . As of December 31, 2021 Other Comprehensive Income Hedge of Exchange net Financial differences investment Cash Defined Total other Total Non- Net instruments at on in foreign flows benefits Deferred comprehensive comprehensive Subsidiaries controlling Equity income FVTOCI (1) translation operations hedge obligations Tax income income % MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Itaú Corredor de Seguro Colombia S.A. (1) 20.015 % 486 74 — — — — — — — 74 Itaú Colombia S.A. and subsidiaries 12.900 % 77,225 2,753 (3,474) 8,189 1,817 (3,051) 440 1,876 5,797 8,550 Totals 77,711 2,827 (3,474) 8,189 1,817 (3,051) 440 1,876 5,797 8,624 (1) Financial instruments at FVTOCI include debt instruments for MCh $3,807 and equity instruments MCh $52 loss. As of December 31, 2020 Other Comprehensive Income Hedge of Exchange net Financial differences investment Cash Defined Total other Non- Net instruments at on in foreign Flows benefits Deferred comprehensive Comprehensive Subsidiaries controlling Equity income FVTOCI (2) translation operations hedges obligations Tax income income % MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Itaú Corredor de Seguro Colombia S.A. 20.015 % 404 (33) — — — — — — — (33) Itaú Colombia S.A. and subsidiaries (1)(2) 12.900 % 68,683 (17,338) (3,859) (7,602) — 2,117 1,629 (272) (7,987) (25,325) Itaú Corredores de Seguros S.A. — % — — — — — — — — — — Totals 69,087 (17,371) (3,859) (7,602) — 2,117 1,629 (272) (7,987) (25,358) (1) Financial instruments at FVTOCI include debt instruments for MCh $678 loss and equity instruments MCh $274 gain. (2) On December 3, 2019, after obtaining regulatory approvals from banking supervisors in Chile, Colombia and Brazil, Banco Itaú Chile completed the acquisition of the Itaú Colombia shares owned by Helm LLC and Kresge Stock Holding Company Inc. As a result of these acquisitions, Banco Itaú Chile owns approximately 87.10% of the shares of Itaú Colombia. Note 24 – Equity, continued |
Schedule of Non-controlling Interest Movement | The following table shows the non-controlling interest movements for the year ended December 31, 2022, 2021 and 2020: As of December 31, 2022 2021 2020 MCh$ MCh$ MCh$ Opening balances as of January 1, 77,711 69,087 94,445 Increase participation in Colombia (76,707) — — Comprehensive income (130) 8,624 (25,358) Ending balances as of December 31, 874 77,711 69,087 |
Schedule of Main Subsidiary with Non-controlling Interest | Details for the main subsidiary of Banco Itaú Chile with non-controlling interest are as follows: As of December 31, 2022 2021 Group Non-controlling Group Non-controlling Entity Name Country participation participation participation participation Itaú Colombia S.A. and subsidiaries Colombia 99.462 % 0.538 % 87.100 % 12.900 % |
Schedule of Consolidation Elimination Adjustments | Summarized financial information for the main subsidiary with non-controlling interest, is as follows: As of December 31, Summary Statements of Financial Position 2022 2021 MCh$ MCh$ Current assets 4,790,182 6,084,224 Current liabilities (2,919,490) (4,021,720) Net current assets (liabilities) 1,870,692 2,062,504 Non-current assets 665,911 712,102 Non-current liabilities (2,199,580) (2,203,537) Net non-current assets (liabilities) (1,533,669) (1,491,435) Total net assets (liabilities) 337,023 571,069 Accumulated non-controlling interest 874 77,711 |
Summary of Income Statements | For the years ended December 31, Summary Income Statements 2022 2021 MCh$ MCh$ Interest income and readjustments 502,125 341,292 Income for the year 7,633 7,210 Non-controlling interests income 41 2,753 |
Summary of Cash Flows Statements | For the years ended December 31, Summary Cash Flows Statements 2022 2021 MCh$ MCh$ Net cash flows provided by (used in) operating activities (186,515) 638,437 Net cash flows provided by (used in) investing activities (140,766) 35,840 Net cash flows provided by (used in) financing activities (138,264) 43,822 Net increase (decrease) in cash flows (465,545) 718,099 |
Schedule of Consolidated Comprehensive Income | 2022 Equity holders Non-controlling Concepts of the Bank interest Totals MCh$ MCh$ MCh$ Income (loss) for the year 443,288 72 443,360 Other comprehensive income (loss) before income taxes Debt instruments at fair value through other comprehensive income 41,575 93 41,668 Hedge of net investment in foreign operations (42,070) (32) (42,102) Cash flows hedge (25,753) (21) (25,774) Exchange differences (78,901) (238) (79,139) Changes in the fair value of equity investments at fair value through other comprehensive income 1,739 — 1,739 Defined benefits obligation 2,294 15 2,309 Subtotals (101,116) (183) (101,299) Income taxes Debt instruments at fair value through other comprehensive income (7,761) (38) (7,799) Hedge of net investment in foreign operations 3,730 19 3,749 Cash flows hedge 15,876 6 15,882 Defined benefits obligation (1,055) (6) (1,061) Subtotals 10,790 (19) 10,771 Other comprehensive loss for the year (90,326) (202) (90,528) Comprehensive loss for the year 352,962 (130) 352,832 2021 Equity holders Non-controlling Concepts of the Bank interest Totals MCh$ MCh$ MCh$ Income (loss) for the year 273,410 2,827 276,237 Other comprehensive income (loss) before income taxes Debt instruments at fair value through other comprehensive income (163,038) (3,410) (166,448) Hedge of net investment in foreign operations (28,239) 1,817 (26,422) Cash flows hedge 49,321 (3,051) 46,270 Exchange differences 51,032 8,189 59,221 Changes in the fair value of equity investments at fair value through other comprehensive income (420) (64) (484) Defined benefits obligation 2,969 440 3,409 Subtotals (88,375) 3,921 (84,454) Income taxes Debt instruments at fair value through other comprehensive income 9,455 1,114 10,569 Hedge of net investment in foreign operations 17,331 1,086 18,417 Cash flows hedge (18,804) (288) (19,092) Defined benefits obligation (238) (36) (274) Subtotals 7,744 1,876 9,620 Other comprehensive income for the year (80,631) 5,797 (74,834) Comprehensive income for the year 192,779 8,624 201,403 Note 24 – Equity, continued 2020 Equity holders Non-controlling Concepts of the Bank interest Totals MCh$ MCh$ MCh$ Income (loss) for the year (808,784) (17,371) (826,155) Other comprehensive income (loss) before income taxes Debt instruments at fair value through other comprehensive income (4,330) (3,905) (8,235) Hedge of net investment in foreign operations 80,722 — 80,722 Cash flow hedge (7,799) 2,117 (5,682) Exchange differences (64,169) (7,602) (71,771) Changes in the fair value of equity investments at fair value through other comprehensive income 310 46 356 Defined benefits obligation (1,632) 1,629 (3) Subtotals 3,102 (7,715) (4,613) Income taxes Debt instruments at fair value through other comprehensive income (55) 1,613 1,558 Hedge of net investment in foreign operations (21,795) — (21,795) Cash flow hedge (1,602) (1,432) (3,034) Defined benefits obligation 434 (453) (19) Subtotals (23,018) (272) (23,290) Other comprehensive income (loss) for the year (19,916) (7,987) (27,903) Comprehensive income (loss) for the year (828,700) (25,358) (854,058) |
Interest Income and Interest _2
Interest Income and Interest Expense (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Schedule of Composition of Interest Income and Inflation-indexing | a) The composition of interest income and inflation-indexing for the years ended December 31, 2022, 2021 and 2020 is as follows: For the years ended December 31, 2022 2021 2020 Inflation Inflation Inflation Interest adjustments (1) Totals Interest adjustments (1) Totals Interest adjustments (1) Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Investments under agreements to resell 18,265 — 18,265 3,712 — 3,712 3,567 — 3,567 Loans and receivables to banks 2,009 — 2,009 621 — 621 1,541 — 1,541 Commercial loans 976,295 577,468 1,553,763 610,371 269,316 879,687 732,791 116,425 849,216 Mortgage loans 225,613 744,556 970,169 190,326 324,732 515,058 189,833 116,993 306,826 Consumer loans 411,737 273 412,010 304,385 191 304,576 323,836 130 323,966 Financial investments 260,383 73,417 333,800 45,629 44,918 90,547 58,083 20,955 79,038 Other interest income 80,260 10,841 91,101 10,575 6,355 16,930 7,624 1,821 9,445 Gain (loss) from accounting hedges (2) 75,349 (279,333) (203,984) 39,475 (163,104) (123,629) 25,980 (49,905) (23,925) Totals 2,049,911 1,127,222 3,177,133 1,205,094 482,408 1,687,502 1,343,255 206,419 1,549,674 |
Schedule of Detail of the Amount Due for Interest and Readjustments | b) For the years ended December 31, 2022, 2021 and 2020, the detail of the amount of interest and inflation-indexation adjustment expense is as follows: For the years ended December 31, 2022 2021 2020 Inflation Inflation Inflation Interest adjustments (1) Totals Interest adjustments (1) Totals Interest adjustments (1) Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Deposits and other demand liabilities (95,890) (3,041) (98,931) (30,027) (1,185) (31,212) (46,530) (312) (46,842) Obligations under repurchase agreements (28,069) — (28,069) (5,784) (5) (5,789) (8,621) (1) (8,622) Time deposits and other time liabilities (728,155) (104,436) (832,591) (152,854) (19,436) (172,290) (254,633) (7,764) (262,397) Interbank borrowings (58,875) (3,977) (62,852) (29,127) — (29,127) (55,541) — (55,541) Debt instruments issued (263,595) (771,403) (1,034,998) (200,692) (329,961) (530,653) (200,911) (129,539) (330,450) Other financial liabilities (10,529) (17,866) (28,395) (49) — (49) (215) — (215) Lease obligations (3,658) — (3,658) (3,725) — (3,725) (4,923) 4 (4,919) Other Interest expense — — — (68) (14,948) (15,016) (84) (7,543) (7,627) Gain (loss) from hedge accounting (2) 82,828 — 82,828 76,666 — 76,666 33,376 — 33,376 Totals (1,105,943) (900,723) (2,006,666) (345,660) (365,535) (711,195) (538,082) (145,155) (683,237) (1) The inflation indexation adjustment is the result of changes in the Unidades de Fomento (“UF”). The UF is an inflation-index Chilean monetary unit with a value in Chilean pesos that changes daily to reflect changes in the Official Consumer Price Index (“CPI”) of the Instituto Nacional de Estadísticas (the Chilean National Institute of Statistics) for the previous month. The effect of any changes in the nominal peso value of our UF-denominated interest earning assets and interest bearing liabilities is reflected in our results of operations as an increase (or decrease, in the event of deflation) in interest income and expense respectively. (2) The mark to market adjustments are presented in this line for hedging derivatives used in hedging of assets except in the case of foreign currency hedges and cash flow hedges (cross-currency), their all-in mark to market adjustment is included in the foreign exchange gain (losses) (see Note 28 “Net foreign exchange income (losses)”). |
Fee and Commission Income and_2
Fee and Commission Income and Expense (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Services Rendered by the Bank and Its Subsidiaries | This item comprises the financial income for the year corresponding to remunerations generated by the services rendered by the Bank and its subsidiaries and corresponds to the following items: For the years ended December 31, 2022 2021 2020 MCh$ MCh$ MCh$ Fees and commissions from lines of credits and overdrafts 3,814 2,571 1,990 Fees and commissions from guarantees and letters of credit 24,134 19,261 20,043 Fees and commissions from card services 85,082 70,292 58,359 Fees and commissions from accounts management 13,157 12,132 12,438 Fees and commissions from collections and payments 42,187 25,435 24,419 Fees and commissions from brokerage and securities management 3,534 9,407 9,365 Fees and commissions from asset management 13,776 21,944 23,086 Compensation for insurance brokerage 43,149 35,783 30,097 Investment banking and advisory fees 9,577 9,250 7,471 Fees and commissions from student loans ceded 5,509 5,649 5,639 Commissions on loan transactions 850 668 742 Commissions for mortgage loans 131 81 39 Other fees from services rendered 4,276 8,780 6,838 Other commissions earned 13,964 5,556 3,852 Totals 263,140 226,809 204,378 |
Summary of Expenses for Commissions Accrued in the Year for the Operations | This item includes expenses for commissions accrued during the year from operations, and corresponds to the following items: For the years ended December 31, 2022 2021 2020 MCh$ MCh$ MCh$ Compensation for cards transactions (51,431) (42,191) (38,822) Fees and commissions for securities transactions (5,458) (4,128) (4,660) Commissions paid for foreign trade transactions (3,796) (2,771) (2,438) Commissions paid for customer loyalty program benefits (22,188) (17,307) (11,082) Commissions paid for services to customers management — (1,748) (1,808) Other commissions paid (7,268) (5,122) (4,569) Totals (90,141) (73,267) (63,379) |
The Income and Expenses for Commissions Generated by the Segment | c) Below are the income and expenses for commissions generated by segment and the revenue recognition calendar for ordinary activities, for the year ended December 31, 2022 according to IFRS 15. For the year ended December 31, 2022 Revenue recognition calendar Segments for ordinary activities Transferred Transferred at a point in Accrual Chile Colombia Total over time time model MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Fees and commissions from lines of credits and overdrafts 2,237 1,577 3,814 — 3,814 — Fees and commissions from guarantees and letters of credit 18,971 5,163 24,134 — 24,134 — Fees and commissions from card services 55,338 29,744 85,082 25,775 59,307 — Fees and commissions from accounts management 11,826 1,331 13,157 — 13,157 — Fees and commissions from collections and payments 20,299 21,888 42,187 3,436 36,986 1,765 Fees and commissions from brokerage and securities management 2,586 948 3,534 295 3,239 — Fees and commissions from asset management 13,482 294 13,776 — 13,776 — Compensation for insurance brokerage 39,097 4,052 43,149 — — 43,149 Investment banking and advisory fees 6,122 3,455 9,577 4,189 5,388 — Fees and commissions from student loans ceded 5,509 — 5,509 — 5,509 — Commissions on loan transactions 850 — 850 — 850 — Commissions for mortgage loans 131 — 131 — 131 — Other fees from services rendered 4,238 38 4,276 — 4,276 — Other commissions earned 11,379 2,585 13,964 — 13,964 — Totals 192,065 71,075 263,140 33,695 184,531 44,914 For the year ended December 31, 2022 Revenue recognition calendar Segments for ordinary activities Transferred Transferred at a point in Accrual Chile Colombia Total over time time model MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Commission expenses Commissions from card operation (22,807) (28,624) (51,431) (24,398) (27,033) — Fees and commissions for securities transactions (3,942) (1,516) (5,458) (8) (5,451) — Commissions paid for foreign trase transactions (3,796) — (3,796) — — — Commissions paid for customer loyalty program benefits (17,430) (4,758) (22,188) — (22,188) — Commissions paid for services to customers management — — — — — — Other commissiones paid (2,423) (4,845) (7,268) (1) (10,527) (535) Totals (50,398) (39,743) (90,141) (24,407) (65,199) (535) |
Net Income (Expense) from Fin_2
Net Income (Expense) from Financial Operations (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
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Schedule of Net Income (Expense) from Financial Operations in the Condensed Consolidated Statements of Income | Net income (expense) from financial operations in the Consolidated Statements of Income for the year is as follows: For the years ended December 31, 2022 2021 2020 MCh$ MCh$ MCh$ Trading instruments (securities) 7,612 (16,517) 23,696 Financial derivative contracts (trading) 205,828 77,172 40,714 Financial assets measured at fair value through profit and loss, showing separately those held for trading and those designated at initial recognition (918) — — Sale of loans and accounts receivable from customers (1) 4,734 12,132 6,476 Net gain on sale of financial instruments at fair value through other comprehensive income (23,123) (31,084) 58,092 Net result of ineffectiveness and discontinuation of hedge accounting 1,271 3,844 (19,890) Others 5,437 10,363 1,799 Totals 200,841 55,910 110,887 (1) See details Note 10, letter d. |
Net Foreign Exchange Gain (Lo_2
Net Foreign Exchange Gain (Loss) (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
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Schedule of Net Foreign Exchange Gains (Losses) | This item includes the income earned from foreign currency trading, differences arising from converting monetary items in a foreign currency to the functional currency, and those generated by non-monetary assets in foreign currency at the time of their disposal. Net foreign exchange gains (losses) details are as follows: For the years ended December 31, 2022 2021 2020 MCh$ MCh$ MCh$ Net foreign exchange gain (loss) Gain (loss) on net foreign currency exchange positions (64,358) 145,429 (50,822) Other foreign currency exchange gains (losses) 3,436 1,476 2,651 Subtotals (60,922) 146,905 (48,171) Net exchange rate adjustments gain (loss) Adjustments for loans and accounts receivable from customers 446 1,610 (538) Adjustment for other assets and liabilities 46 (12) (4) Net gain (loss) from hedge accounting 8,914 662 (25,751) Subtotals 9,406 2,260 (26,293) Totals (51,516) 149,165 (74,464) |
Provisions for Impairment of _2
Provisions for Impairment of Financial Assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
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Schedule of Changes in Provision for Loan Losses Recorded on the Income | The movement registered in income for the year related to allowances and impairment due to credit risk, for the years ended December 31, 2022, 2021 and 2020, is summarized as follows: Financial Financial Interbank Loans and accounts receivable from customers at amortized cost instruments at instruments at Contingent 2022 loans Commercial Mortgage Consumer FVTOCI amortized cost loans Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Loss for provisions established (313) (432,724) (122,837) (167,773) (385) (36) (25,312) (749,380) Income for provisions released 296 228,499 18,558 70,098 726 127 12,697 331,001 Recovery of loans previously charged-off — 43,250 7,438 34,028 — — — 84,716 Net charge to income (17) (160,975) (96,841) (63,647) 341 91 (12,615) (333,663) Financial Financial Interbank Loans and accounts receivable from customers at amortized cost instruments at instruments at Contingent 2021 loans Commercial Mortgage Consumer FVTOCI amortized cost loans Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Loss for provisions established (695) (325,135) (33,926) (229,200) (225) (121) (17,248) (606,550) Income for provisions released 388 162,388 11,664 77,778 487 95 27,795 280,595 Recovery of loans previously charged-off — 22,865 5,500 35,150 — — — 63,515 Net charge to income (307) (139,882) (16,762) (116,272) 262 (26) 10,547 (262,440) Financial Financial Interbank Loans and accounts receivable from customers at amortized cost instruments at instruments at Contingent 2020 loans Commercial Mortgage Consumer FVTOCI amortized cost loans Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Loss for provisions established (10) (541,857) (27,516) (223,664) (250) (86) (16,366) (809,749) Income for provisions released 218 173,955 9,667 86,312 1,649 9 10,861 282,671 Recovery of loans previously charged-off — 25,511 2,558 32,779 — — — 60,848 Net charge to income 208 (342,391) (15,291) (104,573) 1,399 (77) (5,505) (466,230) (1) The amounts in the Consolidated Statements of Cash Flows for the year are as follows: For the years ended December 31, 2022 2021 2020 MCh$ MCh$ MCh$ Charge to income for provisions established 749,380 606,550 809,749 Credit to income for provisions used (331,001) (280,595) (282,671) 418,379 325,955 527,078 |
Schedule of Established and Released Provision Amounts | The detail by type of loans, analyzed collectively and individually, which were constituted and released by way of provision, is as follows: As of December 31, 2022 Note Provision established Provision released Totals MCh$ MCh$ MCh$ Commercial (432,724) 228,499 (204,225) Mortgage (122,837) 18,558 (104,279) Consumer (167,773) 70,098 (97,675) Subtotals 10 (723,334) 317,155 (406,179) Interbank loans, net 9 (313) 296 (17) Totals (723,647) 317,451 (406,196) As of December 31, 2021 Note Provision established Provision released Totals MCh$ MCh$ MCh$ Commercial (325,135) 162,388 (162,747) Mortgage (33,926) 11,664 (22,262) Consumer (229,200) 77,778 (151,422) Subtotals 10 (588,261) 251,830 (336,431) Interbank loans, net 9 (695) 388 (307) Totals (588,956) 252,218 (336,738) As of December 31, 2020 Provisions established Note Provision established Provision released Totals MCh$ MCh$ MCh$ Commercial (541,857) 173,955 (367,902) Mortgage (27,516) 9,667 (17,849) Consumer (223,664) 86,312 (137,352) Subtotals 10 (793,037) 269,934 (523,103) Interbank loans, net 9 (10) 218 208 Totals (793,047) 270,152 (522,895) |
Personnel Salaries and Expens_2
Personnel Salaries and Expenses (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
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Schedule of Personnel Salaries and Expenses | For the years ended December 31, 2022 2021 2020 MCh$ MCh$ MCh$ Personnel compensation (218,209) (180,671) (185,677) Bonuses or gratifications (67,828) (79,945) (68,154) Compensation for years of service (30,075) (24,402) (17,292) Training expenses (2,668) (1,174) (931) Health and life insurance (1,869) (1,052) (2,831) Other personnel expenses (20,849) (19,476) (17,306) Totals (341,498) (306,720) (292,191) |
Administrative Expenses (Tables
Administrative Expenses (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
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Schedule of Administration Expenses | For the years ended as of December 31, 2022, 2021 and 2020, the composition of this item is as follows: For the years ended December 31, 2022 2021 2020 MCh$ MCh$ MCh$ Administrative expenses (208,406) (179,416) (181,514) Expenses for short-term leases (1,976) (1,846) (1,478) Other expenses of obligations for lease contracts (232) (457) (207) Maintenance and repair of fixed assets (32,364) (33,288) (32,637) Insurance payments (18,822) (18,320) (17,428) Office supplies (1,693) (1,315) (1,756) IT and communications expenses (48,625) (55,436) (53,839) Utilities and other services (2,785) (3,545) (3,931) Security and transportation of securities services (5,643) (5,694) (6,754) Representation and personnel traverl expenses (1,783) (846) (1,263) Legal and notarial expenses (19,904) (19,419) (21,675) Professional services fees (1,477) (1,581) (1,629) Technical report fees (26,225) (21,865) (13,180) Fines applied by the Financial Market Commission (4) (81) — Fines (368) (211) (133) Other administrative expense (46,505) (15,512) (25,604) Outsourced services (33,771) (31,417) (28,539) Data processing (11,835) (11,237) (10,929) Appraisal service (50) (88) — Call center service for sales, marketing, quality assurance and costumer service (320) (442) (865) External collection service (1,649) (1,135) — External cleaning service, casino, files and documents custody, furniture and equipment storage (574) (733) — Sale services and product distribution (91) (36) — Other outsourced services (19,252) (17,746) (16,745) Board of directors compensations (1,239) (1,358) (1,310) Board of directors compensations (1,239) (1,358) (1,310) Marketing and advertising (14,529) (12,937) (11,914) Taxes, real estate tax and other legal charges (40,167) (32,842) (34,476) Real estate taxes (341) (305) (347) Patents (1,535) (1,361) (1,353) Other taxes (1) (28,419) (22,191) (23,660) Contributions to CMF (9,872) (8,985) (9,116) Total (298,112) (257,970) (257,753) (1) These amounts primarily correspond to taxes other than income taxes that affect Itaú Colombia and its subsidiaries (Colombian segment). These are taxes on local financial transactions, ongoing performance of commercial activities or services, non-discountable value added tax and equity tax, among others. |
Depreciation, Amortization, a_2
Depreciation, Amortization, and Impairment (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
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Schedule of Depreciation and Amortization Expenses | The amounts corresponding to charges to results for depreciation and amortization for the years ended December 31, 2022, 2021 and 2020, are detailed below: For the years ended December 31, Notes 2022 2021 2020 MCh$ MCh$ MCh$ Amortization of intangible assets 13 (54,716) (55,791) (21,826) Depreciación of property plant and equipment 14 (18,920) (18,608) (74,625) Depreciation of assets for rights to use of assets 15 (22,551) (27,184) (29,993) Totals (96,187) (101,583) (126,444) |
Schedule of Impairment losses | For the years ended December 31, 2022, 2021 and 2020, the composition of this item is as follows: For the years ended December 31, 2022 2021 2020 MCh$ MCh$ MCh$ Impairment of financial investments at FVTOCI — — — Impairment of financial investments at amortized cost — — — Subtotal financial assets — — — Impairment of intangible assets (1) — — (38,849) Impairment of intangibles generated in business combinations (2) — — (113,911) Impairment of goodwill (3) — — (651,825) Impairment of property, plant and equipment (4) (5) (6) (10) (91) (10,294) Subtotal Non-financial assets (10) (91) (814,879) Totals (10) (91) (814,879) (1) Impairment of intangibles due to the integration of the systems in Chile: MCh $ 31,426 for systems and MCh $3,098 for projects. Also includes deterioration of systems and software in Colombia of MCh $4,325 . (2) Impairment of intangibles generated in business combinations includes MCh $113,138 from Itaú Colombia and MCh $773 from Itaú Corredor de Seguros Colombia. (3) Impairment of Goodwill for MCh $412,356 in Chile CGU and MCh $239,469 in Colombia CGU. (4) For the year ended December 31, 2020 an impairment of ATM equipment for MCh $24 was recorded. (5) For the year ended December 31, 2020 an impairment of fixed assets due to restructuring plan for MCh $867 was recorded. (6) For the year ended December 31, 2020 an impairment of improvements in leased properties due to restructuring due to the restructuring plan for MCh $9,403 was recorded. |
Schedule of CGU Value | As of December 31, CGU 2022 2021 MCh$ MCh$ Chile 2,662,349 2,321,096 Colombia 654,460 688,285 As of December 31, 2022 2021 Chile Chile Recoverable Amount / Carrying Value (%) 122.85 141.23 As of June 30, 2021 Main assumptions Chile Colombia Recoverable Amount / Carrying Value (%) 81.37 54.45 |
Disclosure of reconciliation of changes in goodwill | CGU Chile Goodwill 2022 2021 MCh$ MCh$ Balances as of January 01, 492,512 492,512 Conversion difference — — Impairment — — Balances as of December 31, 492,512 492,512 Impairmente of intangible assets (1) CGU Chile CGU Colombia Totals MCh$ MCh$ MCh$ Goodwill impairment loss 448,273 246,663 694,936 Intangibles assets generated in a business combination impairment loss — 113,911 113,911 Total impairment of Chile and Colombia CGUs 448,273 360,574 808,847 (1) As reported in 2016 in the original recognition of the business combination between Banco Itaú Chile and Corpbanca, as described in Note 1, resulted in a registration of a goodwill not deductible for income tax purposes, therefore, the recognition of impairment loss does not generate effects on tax results. On the other hand, the intangibles assets generated in the business combination had an associated deferred tax liability of Ch $34,547 million, which generated an impact on income tax results equivalent to that amount, by recognizing the impairment. Considering the above, the effect on income net of taxes generated by the recognition of the impairment loss amounts to Ch $731,189 million, distributed between Ch $720,951 million attributable to the owners of the Bank and Ch $10,238 million attributable to non-controlling interest. Goodwill Chile CGU Colombia CGU MCh$ MCh$ Balances as of January 1, 2020 940,785 253,546 Exchange differences — (6,883) Impairment (448,273) (246,663) Ending balances as of December 31, 2020 492,512 — (1) Goodwill generated by the acquisition of a business combination (Colombia) is expressed in the functional currency of the aforementioned business (Colombian peso), converted at the closing exchange rate (exchange rate COP to Ch$ for the purpose of accounting recognition in Chile) in accordance with IAS 21 “Effects of Changes in Exchange Rates of the Foreign Currency” (see Note 13). Figures presented as of June 30, 2020 have been adjusted to their recoverable amount, recognizing an impairment loss in accordance with the aforementioned information. |
Schedule of Assumptions Used in Calculating the Recoverable Amount | The key assumptions used in calculating the recoverable amount, defined as those to which the calculation is most sensitive, are presented below: As of December, 2022 2021 Chile Perpetuity rate (%) 5.20 5.20 Projected inflation rate (1) (%) 3.00 3.00 Discount rate (%) 11.14 9.33 Loans growth (%) 5.10 – 8.20 7.00 – 10.00 Solvency index limit (%) 14.73 – 15.40 15.14 – 15.23 The key assumptions used in calculating recoverable amount, defined as those variables to which the calculation is more sensitive, are presented below: As of June 30, 2020 Chile Colombia Perpetuity rate (%) 5.20 6.50 Projected inflation rate (1) (%) 3.00 3.00 Discount rate (%) 9.33 12.31 Loans growth (%) 6.25 – 8.82 Solvency index limit (%) 15.14 – 15.23 10.00 – 11.70 (1) |
Schedule of Discount Rates and Growth in Perpetuity | As of December 31, 2022 2021 Chile Chile Discount rates (%) 12.37 10.34 Recoverable amount/Carrying value (%) 139.68 158.27 As of June 30, 2020 Chile Colombia Discount rates (%) 11.56 14.39 Perpetuity growth rate (%) 79.84 59.79 |
Other Operating Income and Ex_2
Other Operating Income and Expenses (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
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Schedule of Other Operating Income | The detail of other operating income is as follows: For the years ended December 31, 2022 2021 2020 MCh$ MCh$ MCh$ Income from assets received in lieu of payment Gain on sales of assets received in lieu of payment 3,684 5,758 3,287 Other income 5,079 1,659 30,622 Subtotals 8,763 7,417 33,909 Other income Compensations from insurance companies — 291 693 Lease contracts related income 71 265 819 Gain on sale of property, plant and equipment — 101 14 Recovery of leased assets — — 59 Other leasing transactions operating income, subsidiaries 5,900 3,398 4,604 Gain on sale of leased assets 78 815 688 Other operating income 1,648 1,533 933 Revenue from insurance companies agreement — 1,841 1,537 Income from recovery of foreign expenses 1,379 1,140 895 Recoveries from expenses provisions 5,983 8,700 15,739 Other minor income 2,003 1,346 481 Other income 8,404 2,431 5,207 Subtotals 25,466 21,861 31,669 Totals 34,229 29,278 65,578 |
Schedule of Other Operating Expenses | During the years ended December 31, 2022, 2021 and 2020, the Bank presents other operating expenses according to the following detail : For the years ended December 31, 2022 2021 2020 MCh$ MCh$ MCh$ Provisions for assets received in lieu of payment (24,006) (2,538) (4,006) Maintenance expenses for assets received in lieu of payment (873) (863) (1,086) Subtotals (24,879) (3,401) (5,092) Provisions for contingencies Other provisions for contingencies (986) (382) (3,119) Subtotals (986) (382) (3,119) Other expenses Loss on sale of property, plant and equipment 14 (15) (145) Restructuring costs — (9,389) (7,190) Operating expenses (11,094) (12,197) (5,219) Insurance expense (law 20,027) (1,355) (5,033) (36,075) Provision expense for recovered leased assets (40) (378) (1,191) Expenses and losses on sale of assets (28) (2,223) (16,262) Banking expenses (504) (3,378) (2,754) Fines and penalties (597) (2,211) (4,502) Loss on damaged assets — — — Other expenses (7,708) (4,636) (8,962) Subtotals (21,312) (39,460) (82,300) Totals (47,177) (43,243) (90,511) |
Related Party Transactions (Tab
Related Party Transactions (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
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Schedule of Loan Granted to Related Parties | As of December 31, 2022 and 2021, the loans granted to related persons are detailed below : As of December 31, 2022 As of December 31, 2021 Productive Investment Productive Investment companies companies Individuals companies companies Individuals MCh$ MCh$ MCh$ MCh$ MCh$ Loans and accounts receivable from customers Commercial loans — 5,743 9,842 47,792 19,208 5,758 Mortgage loans — — 53,872 — — 33,701 Consumer loans — — 11,771 — — 8,058 Gross loans and accounts receivable from customers — 5,743 75,485 47,792 19,208 47,517 Allowance for loan losses — (469) (381) (9,592) (1,182) (225) Loans and receivables to customers, net — 5,274 75,104 38,200 18,026 47,292 |
Schedule of Other Transactions with Related Parties | Below are the balances as of December 31, 2022, 2021 and 2020, for transactions with related parties and the impact on results for the years ended December 31, 2022, 2021 and 2020: As of and for the year ended December 31, 2022 Balances receivable Effect on income (loss) Name or Corporate Name Description (payable) Income Expense MCh$ MCh$ MCh$ Centro Cultural Corpgroup SpA (1) Sponsors — — (311) Combanc S.A. Data transmission services — — (534) Comder Contraparte Central S.A Banking services — — (1,482) Corp Group Holding Inversiones Ltda (1) Advisory services — — (239) Inmobiliaria Gabriela S.A Other services (566) — — Inversiones Corp Group Interhold Ltda. (1) Administrative consulting — — (1,447) Itau BBA securities NY Buisness management reimbursement 77 1,342 — Itaú Chile Inv. Serv. y Administración S.A. Leases (381) — (113) Itaú Unibanco Business management reimbursement — — (1,507) Banco Itaú International Business management reimbursement 736 1,713 — Banco Itaú (Suisse) S.A. Business management reimbursement 2 7 — Operadora Tarjeta de Crédito Nexus S.A. Credit card management — — (3,248) Redbanc S.A. ATM management — — (4,678) Transbank S.A. Credit card management — — (13,037) These transactions were carried out at normal market prices prevailing on the date of the transactions. (1) As informed by a Material Event dated July 14, 2022, on June 3, 2022, Banco Itaú Chile, Itaú Unibanco Holding S.A., CorpGroup Interhold SpA, Inversiones Gasa Limitada and other entities related to CG Banking entered into a “Termination Letter”, in order to terminate, among others, the Transaction Agreement entered into by and between the same parties on January 29, 2014, as amended on June 2, 2015 and on January 20, 2017 (the “Transaction Agreement” or the “TA”), The Termination Letter took effect on July 14, 2022. The Termination Letter contained, among other things, the following agreements: - The termination, effective December 31, 2022, of the technical and professional advisory agreements entered into with Inversiones CorpGroup Interhold Ltda, (formerly CorpGroup Interhold S.A.) on July 6, 2001 (as amended on January 27, 2014 and on October 30, 2015), with Inversiones CorpGroup Interhold Ltda, (formerly CorpGroup Interhold S.A. ) on April 10, 2008 (as amended on January 27, 2014) and with CorpGroup Holding Inversiones Limitada on March 27, 2012 (as amended on January 27, 2014 and on October 30, 2015). - Maintain in force the Sponsorship Agreement entered into on January 28, 2011 (and amended on January 27, 2014) between Inmobiliaria Edificio CorpGroup S.A. and Corpbanca, which was assigned on October 16, 2020 to Centro Cultural CorpGroup SpA, until July 31, 2024, in accordance with its current terms. Note 34 – Related Party Transactions, continued As of and for the year ended December 31, 2021 Balances receivable Effect on income (loss) Name or Corporate Name Description (payable) Income Expense MCh$ MCh$ MCh$ Combanc S.A. Data transmission services — — (464) Comder Contraparte Central S.A Banking services — — (849) Corp Group Holding Inversiones Ltda Advisory services — — (447) Inmobiliaria Edificio Corpgroup S.A. Office lease and building fees (13,326) — (2,166) Inmobiliaria Gabriela S.A Other services (632) — (132) Inversiones Corp Group Interhold Ltda. Administrative consulting — — (2,711) Itau BBA securities NY Buisness management reimbursement 1,894 2,065 — Itaú Chile Inv. Serv. y Administración S.A. Leases (67) — (818) Itaú Unibanco Business management reimbursement — — (655) Operadora Tarjeta de Crédito Nexus S.A. Credit card management — — (3,740) Pulso Editorial S.A. Publishing services — — (70) Redbanc S.A. ATM management — — (3,566) SMU S.A., Rendic Hnos. S.A. Lease of ATM (Note 17) — — (991) Transbank S.A. Credit card management — — (8,218) As of and for the year ended December 31, 2020 Balances receivable Effect on income (loss) Name or Corporate Name Description (payable) Income Expense MCh$ MCh$ MCh$ Adexus S.A. Data transmission services — — (8) Bcycle Latam SPA Administrative consulting — — (2,165) Combanc S.A. Data transmission services — — (472) Comder Contraparte Central S.A Banking services — — (826) Compañía Chilena de Televisión S.A. Tv broadcasting services — — (8) Corp Group Holding Inversiones Limitada Advisory services — — (537) Hotel Corporation of Chile S.A. Hotel, events — — (8) Inmobiliaria Edificio Corpgroup S.A. Office lease and building fees (14,175) — (4,693) Inmobiliaria Gabriela S.A Other services (708) — (128) Inversiones Corp Group Interhold Ltda. Administrative consulting — — (2,613) Itaú Chile Inv. Serv. y Administración S.A. Leases (198) — (1,143) Itaú Unibanco Business management reimbursement 1,549 2,213 — Operadora de Tarjeta de Crédito Nexus S.A. Credit card management — — (3,319) Pulso Editorial S.A. Publishing services — — (24) Redbanc S.A. ATM management — — (3,094) SMU S.A., Rendic Hnos. S.A. Lease of ATM (Note 17) 991 — (2,388) Transbank S.A. Credit card management — — (13,177) |
Schedule of Donations | For the years ended December 31, Name or corporate name Description 2022 2021 2020 MCh$ MCh$ MCh$ Fundación Corpgroup Centro Cultural Donations 1,786 1,449 1,556 Fundación Descúbreme Donations 123 224 204 Fundación Itaú Donations 225 186 170 Totales 2,134 1,859 1,930 |
Schedule of Other Assets and Liabilities with Related Parties | As of December 31, 2022 2021 MCh$ MCh$ Assets Derivative financial instruments — 109,194 Other assets — 98 Total Assets — 109,292 Liabilities Derivative financial instruments — 188,130 Current accounts and demand deposits 18,507 74,724 Time deposits and saving accounts 149,422 241,023 Other liabilities — 21,610 Total Liabilities 167,929 525,487 |
Schedule of Results of Transactions with Related Parties | For the years ended December 31, 2022 2021 2020 Type of recognized income or expense Income Expenses Income Expenses Income Expenses MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Interest and readjustments income (expenses) 1,255 (144) 6,833 (1,272) 8,532 (4,955) Fee and commissions income and (expenses) 225 (74) 1,242 — 504 — Net income (loss) from financial operations 424,170 (375,746) 355,101 (492,570) 26,636 (10,033) Operational support related income — (4) 275 — 500 — Other income and (expenses) 2 — 80 (220) 211 (310) Totals 425,652 (375,968) 363,531 (494,062) 36,383 (15,298) |
Schedule of Payments to Board of Directors and Key Management Personnel | Compensation received by key personnel of Management as follow: As of December 31, 2022 2021 2020 MCh$ MCh$ MCh$ Board of directors compensations (1,239) (1,358) (1,310) Short-term employee benefits 33,819 27,168 31,868 Post-employment benefits — — — Other long-term benefits 153 3,277 — Compensation for termination of contract 1,936 982 931 Totals 34,669 30,069 31,489 |
Schedule of Conformation of Key Personnel | As of December 31, 2022 and 2021, the headcount of the Bank’s key staff is composed as follows: Number of executives As of December 31, Position 2022 2021 Board Member 16 16 Chief Executive Officer 8 8 Corporate Director 21 21 Area Manager 127 148 Totals 172 193 |
Schedule of Transactions with Key Personnel | The next transactions has been realized during the years ended December 31, 2022 and 2021: As of December 31, 2022 2021 MCh$ MCh$ Credits cards 90 67 Consumer loans 205 345 Commercial loans 70 546 Mortgage loans 340 306 |
Fair Value of Financial Asset_2
Fair Value of Financial Assets and Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Schedule of Determination of the Fair Value of Financial Instruments | Determination of the fair value as of December 31, 2022 and 2021 As of December 31, 2022 Estimated fair value Book value Recurring Non-recurring (1) MCh$ MCh$ MCh$ Assets Cash and deposits in banks 3,058,752 — 3,058,752 Cash items in process of collection 494,994 — 494,994 Financial instruments at fair value through profit or loss 472,283 472,283 — Financial instruments at fair value through other comprehensive income 3,735,290 3,735,290 — Loans and accounts receivable at amortized cost 25,711,811 — 26,405,529 Financial instruments at amortized cost 1,013,943 — 925,277 Investments under resale agreements 162,774 — 162,774 Financial derivatives contracts held for trading 3,617,792 3,617,792 — Financial derivatives contracts held for hedge accounting 138,548 138,548 — Interbank loans, net 46,122 — 46,122 Totals Assets 38,452,309 7,963,913 31,093,448 Liabilities Deposits and other demand liabilities 5,555,185 — 5,555,185 Cash in process of being cleared 456,957 — 456,957 Obligations under repurchase agreements 354,088 — 354,088 Time deposits and other time liabilities 12,703,653 — 12,628,648 Financial derivatives contracts held for trading 3,426,141 3,426,141 — Financial derivatives contracts held for hedge accounting 218,733 218,733 — Interbank borrowings 4,728,323 — 4,714,722 Debt instruments issued 6,547,807 — 6,360,361 Financial instruments of regulatory capital issued 1,263,169 — 1,417,784 Lease contract liabilities 94,575 — 94,575 Other financial liabilities 359,573 — 359,573 Totals Liabilities 35,708,204 3,644,874 31,941,893 (1) Non-recurring items correspond to those line items that are carried at cost, but their corresponding fair value has been estimated for disclosure purposes only. Note 35 – Fair Value of Financial Assets and Liabilities, continued As of December 31, 2021 Estimated fair value Book value Recurring Non-recurring(1) MCh$ MCh$ MCh$ Assets Cash and deposits in banks 3,473,392 — 3,473,392 Cash items in process of collection 438,496 — 438,496 Financial instruments at fair value through profit or loss 332,724 332,724 — Financial instruments at fair value through other comprehensive income 3,660,450 3,660,450 — Loans and accounts receivable at amortized cost 23,795,548 — 24,119,631 Financial instruments at amortized cost 187,455 — 187,086 Investments under resale agreements 606,178 — 606,178 Financial derivatives contracts held for trading 2,897,803 2,897,803 — Financial derivatives contracts held for hedge accounting 83,123 83,123 — Interbank loans, net 80,554 — 80,554 Totals Assets 35,555,723 6,974,100 28,905,337 Liabilities Deposits and other demand liabilities 7,576,095 — 7,576,095 Cash in process of being cleared 424,358 — 424,358 Obligations under repurchase agreements 466,006 — 466,006 Time deposits and other time liabilities 10,097,443 — 10,009,988 Financial derivatives contracts held for trading 2,757,342 2,757,342 — Financial derivatives contracts held for hedge accounting 168,245 168,245 — Interbank borrowings 4,918,423 — 4,915,814 Debt instruments issued 5,609,795 — 5,486,872 Financial instruments of regulatory capital issued 1,153,045 — 1,153,045 Lease contract liabilities 115,544 — 106,564 Other financial liabilities 42,435 — 42,435 Totals Liabilities 33,328,731 2,925,587 30,181,177 (1) Non-recurring items correspond to those line items that are carried at cost, but their corresponding fair value has been estimated for disclosure purposes only. |
Schedule of Fair Value Measurements of Assets and Liabilities Only for Disclosure Purposes (Non-recurring) | Fair Value Measurements of assets and liabilities only for disclosure purposes (non-recurring) : As of December 31, Non-recurring fair value measurement 2022 2021 MCh$ MCh$ Assets Cash and deposits in banks 3,058,752 3,473,392 Cash items in process of collection 494,994 438,496 Loans and accounts receivable at amortized cost 26,405,529 24,119,631 Investments under resale agreements 162,774 606,178 Interbank loans, net 46,122 80,554 Financial instruments at amortized cost 925,277 187,086 Totals Assets 31,093,448 28,905,337 Liabilities Deposits and other demand liabilities 5,555,185 7,576,095 Cash in process of being cleared 456,957 424,358 Obligations under repurchase agreements 354,088 466,006 Time deposits and other time liabilities 12,628,648 10,009,988 Interbank borrowings 4,714,722 4,915,814 Debt instruments issued 6,360,361 5,486,872 Financial instruments of regulatory capital issued 1,417,784 1,153,045 Lease contract liabilities 94,575 106,564 Other financial obligations 359,573 42,435 Totals Liabilities 31,941,893 30,181,177 |
Schedule of Fair Value Measurement of Financial Assets and Liabilities (Recurring) | Fair Value measurement of financial assets and liabilities (recurring): As of December 31, Fair value measurement of recurring items 2022 2021 MCh$ MCh$ Assets Financial instruments at fair value through profit or loss 472,283 332,724 Central Bank of Chile and Government securities 160,751 50,743 Other securities issued in Chile 22,877 111 Foreign government and Central Bank instruments 182,268 232,083 Other instruments issued abroad 4,658 8,824 Investments in mutual funds 47,598 39,842 Financial assets not held for trading valued mandatorily at fair value through profit or loss 53,206 — Other financial instruments at FVTPL 925 1,121 Financial instruments at fair value through other comprehensive income 3,735,290 3,660,450 Central Bank of Chile and Government securities 2,971,905 2,325,668 Other securities issued in Chile 205,358 138,845 Foreign government and Central Bank instruments 311,319 45,386 Other instruments issued abroad 232,350 366,487 Other investments at FVOCI 14,358 784,064 Financial derivative contracts 3,756,340 2,980,926 Forwards 488,261 382,206 Swaps 3,267,426 2,598,071 Call options 653 649 Put options — — Totals Assets 7,963,913 6,974,100 Liabilities Financial derivative contracts 3,644,874 2,925,587 Forwards 530,445 391,049 Swaps 3,113,516 2,534,164 Call options 403 343 Put options 510 31 Totals Liabilities 3,644,874 2,925,587 |
Schedule of Financial Derivative Instruments | These adjustments are recorded periodically in the financial statements. As of December 2022, 2021 and 2020, the portfolio of derivative contracts in both Chile and Colombia is detailed as follows: As of December 31, 2022 2021 2020 CVA DVA CVA DVA CVA DVA MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Derivatives held for hedging — — — — — — Fair value hedge — — Currency forwards — — — — — — Currency swaps — — — — — — Interest rate swaps — — — — — — Cash flow hedge — — — — Currency forwards — — — — — — Currency swaps — — — — — — Interest rate swaps — — — — — — Hedge of net investments in a foreign operation — — — — — — Currency forwards — — — — — — Currency swaps — — — — — — Interest rate swaps — — — — — — Derivatives held for trading (5,663) 881 (9,320) 337 (40,971) 589 Currency forwards (474) 446 (240) 207 (443) 205 Currency swaps (4,748) 344 (4,936) 56 (36,363) 37 Interest rate swaps (441) 91 (4,144) 74 (4,165) 347 Call currency options — — — — — — Put currency options — — — — — — Total financial derivative contracts (5,663) 881 (9,320) 337 (40,971) 589 |
Schedule of Impacts on the Portfolio of a Recalibration | With respect to financial assets, a negotiation is not required, mandatorily valued at fair value with changes in results, the valuation is made based on the determination of a rate that allows obtaining the fair value based on market references: Determining an average rate from “Comparable Instruments” according to the rating of the issuer and term of the instrument. - Decomposing the rate into a risk-free base observable in the market and a spread that represents the credit risk of the issuer. - The periodic valuation of the instrument is carried out based on the value of the risk-free rate of each day plus the determined credit spread. The table below summarizes the impacts on the portfolio of a recalibration of the models based on a stress scenario, recalibrating parameters with the shock incorporated. As of December 31, 2022 As of December 31, 2021 Forward Forward Americano Basis TAB Basis TAB Americano Basis TAB Basis TAB Impact calibration USD-CLP CLP CLF USD-CLP CLP CLF MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Volatility exchange rate USD-CLP TAB 30 — 33 — — 48 — TAB 90 — — — — — — TAB 180 — 26 9 — 37 12 TAB 360 — — (1) — — (2) Totals — 59 8 — 85 10 |
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis | The following table classifies assets and liabilities measured at fair value on a recurring basis, in accordance with the fair value hierarchy established in IFRS 13, as of December 31, 2022 and 2021 : As of December 31, 2022 Market value of the Other observable Non-observable Measurement at fair value of instruments asset for identified assets significant inputs significant inputs on a recurring basis using Fair value (Level 1) (Level 2) (Level 3) MCh$ MCh$ MCh$ MCh$ Assets Financial instruments at fair value through profit or loss 472,283 390,870 28,207 53,206 Central Bank of Chile and Government securities 160,751 160,751 — — Other securities issued locally 22,877 — 22,877 — Foreign government and Central Bank instruments 182,268 182,268 — — Other securities issued abroad 4,658 — 4,658 — Investments in mutual funds 47,598 47,598 — — Financial assets not held for trading valued mandatorily at fair value through profit or loss 53,206 — — 53,206 Other financial instruments at FVTPL 925 253 672 — Financial instruments at fair value through other comprehensive income 3,735,290 3,211,578 282,036 92,182 Central Bank of Chile and Government securities 2,971,905 2,971,905 — — Other securities issued locally 205,358 — 205,358 — Foreign government and Central Bank instruments 311,319 161,825 — — Other securities issued abroad 232,350 77,848 62,320 92,182 Other investments at FVOCI 14,358 — 14,358 — Financial derivative contracts 3,756,340 — 3,738,357 35,966 Forwards 488,261 — 487,602 17,983 Swaps 3,267,426 — 3,250,102 659 Call options 653 — 653 17,324 Put options — — — — Totals Assets 7,963,913 3,602,448 4,048,600 181,354 Liabilities Financial derivative contracts 3,644,874 — 3,644,711 326 Forwards 530,445 — 530,388 163 Swaps 3,113,516 — 3,113,410 57 Call options 403 — 403 106 Put options 510 — 510 — Totals Liabilities 3,644,874 — 3,644,711 326 Note 35 – Fair Value of Financial Assets and Liabilities, continued As of December 31, 2021 Market value of the Other observable Non-observable Measurement at fair value of instruments asset for identified assets significant inputs significant inputs on a recurring basis using Fair value (Level 1) (Level 2) (Level 3) MCh$ MCh$ MCh$ MCh$ Assets Financial instruments at fair value through profit or loss 332,724 322,913 9,811 — Central Bank of Chile and Government securities 50,743 50,743 — — Other securities issued locally 111 — 111 — Foreign government and Central Bank instruments 232,083 232,083 — — Other securities issued abroad 8,824 — 8,824 — Investments in mutual funds 39,842 39,842 — — Other financial instruments at FVTPL 1,121 245 876 — Financial instruments at fair value through other comprehensive income 3,660,450 2,639,091 1,021,359 — Central Bank of Chile and Government securities 2,325,668 2,325,668 — — Other securities issued locally 138,845 — 138,845 — Foreign government and Central Bank instruments 45,386 45,386 — — Other securities issued abroad 366,487 261,334 105,153 — Other investments at FVOCI 784,064 6,703 777,361 — Financial derivative contracts 2,980,926 — 2,962,174 18,752 Forwards 382,206 — 380,210 1,996 Swaps 2,598,071 — 2,581,315 16,756 Call options 649 — 649 — Put options — — — — Totals Assets 6,974,100 2,962,004 3,993,344 18,752 Liabilities Financial derivative contracts 2,925,587 — 2,924,710 877 Forwards 391,049 — 390,414 635 Swaps 2,534,164 — 2,533,922 242 Call options 343 — 343 — Put options 31 — 31 — Totals Liabilities 2,925,587 — 2,924,710 877 |
Schedule of Reconciliation by Fair Value Hierarchy | As of December 31, 2022 and 2021 no transfers were observed between Level 1 and Level 2, as shown below As of December 31, Measurement at fair value of instruments 2022 that are valued recurrently Fair value Level 1 to 2 Level 2 to 1 MCh$ MCh$ MCh$ Assets Financial instruments at fair value through profit or loss 472,283 — — Financial instruments at fair value through other comprehensive income 3,735,290 — — Financial derivative contracts 3,756,340 — — Totals Assets 7,963,913 — — Liabilities Financial derivative contracts 3,644,874 — — Totals Liabilities 3,644,874 — — Note 35 – Fair Value of Financial Assets and Liabilities, continued As of December 31, Measurement at fair value of instruments 2021 that are valued recurrently Fair value Level 1 to 2 Level 2 to 1 MCh$ MCh$ MCh$ Assets Financial instruments at fair value through profit or loss 332,724 — — Financial instruments at fair value through other comprehensive income 3,660,450 — — Financial derivative contracts 2,980,926 — — Totals Assets 6,974,100 — — Liabilities Financial derivative contracts 2,925,587 — — Totals Liabilities 2,925,587 — — |
Schedule of Reconciliation of Assets and Liabilities | The following table reconciles assets and liabilities measured at fair value on a recurring basis as of December 31, 2022 and 2021. As of December 31, 2022 Gain (loss) Gain (loss) Purchases, Transfers Opening recognized in recognized in sales and from level 1 Ending Level 3 reconciliation balance profit or loss equity agreements or level 2 balance MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Assets Financial instruments at fair value through profit or loss Financial assets not held for trading valued mandatorily at fair value through profit or loss — (442) — 53,648 — 53,206 Financial instruments at fair value throught other comprehensive income Other securities issued abroad — — (8,925) 101,107 — 92,182 Financial derivative contracts Forwards 1,996 (273) — (1,064) — 659 Swaps 16,756 3,620 — (3,052) — 17,324 Totals Assets 18,752 2,905 (8,925) 150,639 — 163,371 Liabilities Financial derivative contracts Forwards 635 (460) — (118) — 57 Swaps 242 (1,524) — 1,388 — 106 Totals Liabilities 877 (1,984) — 1,270 — 163 As of December 31, 2021 Gain (loss) Gain (loss) Purchases, Transfers Opening recognized in recognized in sales and from level 1 Ending Level 3 reconciliation balance profit or loss equity agreements or level 2 balance MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Assets Financial instruments at fair value through profit or loss Financial assets not held for trading valued mandatorily at fair value through profit or loss — — — — — — Financial instruments at fair value throught other comprehensive income Other securities issued abroad — — — — — — Financial derivative contracts Forwards 3,576 1,789 — (3,369) — 1,996 Swaps 23,689 (1,437) — (5,496) — 16,756 Totals Assets 27,265 352 — (8,865) — 18,752 Liabilities Financial derivative contracts Forwards 116 2,331 — (1,812) — 635 Swaps 724 (2,751) — 2,269 — 242 Totals Liabilities 840 (420) — 457 — 877 |
Schedule of Classified Assets and Liabilities Measured at Fair Value on a Non-recurring Basis | The following table classifies assets and liabilities measured at fair value on a non-recurring basis, in accordance with the fair value hierarchy as of December 31, 2022 and 2021: As of December 31, 2022 Market value of the Other observable Non-observable Estimated fair asset for identified significant inputs significant inputs Measurement at fair value of items on a non-recurring basis value assets (Level 1) (Level 2) (Level 3) MCh$ MCh$ MCh$ MCh$ Assets Cash and deposits in banks 3,058,752 3,058,752 — — Cash items in process of collection 494,994 494,994 — — Loans and accounts receivable at amortized cost 25,711,811 — — 26,405,529 Financial instruments at amortized cost 1,013,943 925,277 — — Investments under resale agreements 162,774 162,774 — — Interbank loans, net 46,122 46,122 — — Totals Assets 30,488,396 4,687,919 — 26,405,529 Liabilities Deposits and other demand liabilities 5,555,185 5,555,185 — — Cash in process of being cleared 456,957 456,957 — — Obligations under repurchase agreements 354,088 354,088 — — Time deposits and other time liabilities 12,703,653 — 12,628,648 — Interbank borrowings 4,728,323 4,714,722 — — Debt instruments issued 6,547,807 — 6,360,361 — Financial instruments of regulatory capital issued 1,263,169 — 1,417,784 — Lease contract liabilities 94,575 94,575 — — Other financial liabilities 359,573 359,573 — — Totals Liabilities 32,063,330 11,535,100 20,406,793 — As of December 31, 2021 Market value of the Other observable Non-observable Estimated fair asset for identified significant inputs significant inputs Measurement at fair value of items on a non-recurring basis value assets (Level 1) (Level 2) (Level 3) MCh$ MCh$ MCh$ MCh$ Assets Cash and deposits in banks 3,473,392 3,473,392 — — Cash items in process of collection 438,496 438,496 — — Loans and accounts receivable at amortized cost 23,795,548 — — 24,119,631 Financial instruments at amortized cost 187,455 187,086 — — Investments under resale agreements 606,178 606,178 — — Interbank loans, net 80,554 80,554 — — Totals Assets 28,581,623 4,785,706 — 24,119,631 Liabilities Deposits and other demand liabilities 7,576,095 7,576,095 — — Cash in process of being cleared 424,358 424,358 — — Obligations under repurchase agreements 466,006 466,006 — — Time deposits and other time liabilities 10,097,443 — 10,009,988 — Interbank borrowings 4,918,423 4,915,814 — — Debt instruments issued 5,609,795 — 5,486,872 — Financial instruments of regulatory capital issued 1,153,045 — 1,153,045 — Lease contract liabilities 115,544 106,564 — — Other financial liabilities 42,435 42,435 — — Totals Liabilities 30,403,144 13,531,272 16,649,905 — |
Risk management (Tables)
Risk management (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Summary of Details of Significant Increase in Credit Risk | Type of portfolio Debtor category Stages Days of arrears to the end of the month A1, A2, A3, A4 Stage 1 Up to 29 days Individual A5 (1) Stage 1 Up to 29 days A6, B1, B2, B3, B4 Stage 2 From 30 to 89 days C1, C2, C3, C4, C5, C6 Stage 3 90 days or more (1) Loans originated in A5 are considered Stage 1 at inception. Loans that were originated in a higher category and subsequently downgraded to A5 are considered Stage 2. Days of arrears to the end of the month, probability of default (PD) and Type of portfolio Portfolio Stages qualitative considerations Stage 1 Up to 29 days CAE Stage 2 From 30 to 89 days or (relative difference between referential and origination PD’s>=1.0657 and absolute difference between referential and origination PD’s>= 0.0424 ) Stage 3 90 days or more Stage 1 Up to 29 days Condell / Restructured Condell Stage 2 (Condell) From 30 to 89 days or (relative difference between referential and origination PD’s>= 1.9908 and absolute difference between referential and origination PD’s>= 0.0374 ) Stage 2 (Restructured Condell) From 30 to 89 days or (relative difference between referential and origination PD’s>=1.4144 and absolute difference between referential and origination PD’s>=0.1241 ) Stage 3 90 days or more Stage 1 Up to 29 days Commercial/ Stage 2 (Commercial) From 30 to 89 days or (relative difference between referential and origination PD’s>=2.2795 and absolute difference between referential and origination PD’s>=0.0332 ) Collective Stage 2 (Rotative Commercial) From 30 to 89 days or (relative difference between referential and origination PD’s>=1.2206 and absolute difference between referential and origination PD’s>=0.0272 ) Stage 3 90 days or more Stage 1 Up to 29 days Stage 2 (Consumer) From 30 to 89 days or (relative difference between referential and origination PD’s>=1.8048 and absolute difference between referential and origination PD’s>=0.0964 ) Consumer/ Stage 2 (Renegotiated Consumer) From 30 to 89 days or (relative difference between referential and origination PD’s>=1.2284 and absolute difference between referential and origination PD’s>=0.0285 ) Stage 2 (Rotative Consumer) From 30 to 89 days or (relative difference between referential and origination PD’s>=1.2291 and absolute difference between referential and origination PD’s>=0.0518 ) Stage 3 90 days or more Stage 1 Up to 29 days Mortgage Stage 2 From 30 to 89 days or (relative difference between referential and origination PD’s>=1.9634 and absolute difference between referential and origination PD’s>=0.0439 ) Stage 3 90 days or more Note 36 – Risk management, continued Criteria used for Colombia % of absolute increase in % of relative increase Qualitative lifetime PD in lifetime PD indicators assessed Corporate portfolio Debt restructuring and increase in credit risk of other financial instruments Other loans not classified 38.01 % 2,400.63 % Small company 1 23.19 % 1,227.37 % Small company 2 43.75 % 357.60 % Medium company 1 10.22 % 612.32 % Medium company 2 3.48 % 322.20 % Large company 0.06 % 467.28 % Low default 2.25 % 401.43 % Low default (Government and Financial) 7.05 % 358.10 % Collective portfolio Increase in credit risk of other financial instruments Leasing 73.53 % 1,686.43 % Payroll deductible loan 2.37 % 695.80 % Revolving line of credit 43.14 % 169.77 % Overdraft limit 0.58 % 153.59 % Credit card 51.39 % 232.63 % Mortgage loan 2.29 % 64.64 % Personal debt restructuring 25.08 % 39.23 % Other loans 41.69 % 108.03 % |
Summary of Principal Macroeconomic Indicators Included in Economic Scenarios | The table below summarizes the principal macroeconomic indicators included in the economic scenarios used as of December 31, 2022 until December 31, 2023 in the countries where the Bank and its subsidiaries operate and therefore are the countries that have a material impact on ECLs. Criteria for Chile 2022 2023 2024 Indicators Portfolio Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Unemployment rate Base scenario 8.39% 8.61% 8.89% 9.12% 9.27% 8.89% 8.44% 8.11% 7.99% Range of upside scenarios 9.28% 9.69% 10.01% 10.17% 10.33% 10.47% 10.20% 9.80% 9.47% Range of downside scenarios 8.14% 8.31% 8.49% 8.62% 8.67% 8.14% 7.54% 7.11% 7.04% Consumer’s price index (IPC) Base scenario 129.08 131.25 132.52 133.62 134.68 135.63 136.31 137.44 138.77 Range of upside scenarios 129.59 132.60 135.24 137.29 138.01 139.19 141.12 142.88 143.53 Range of downside scenarios 128.79 129.29 130.00 131.90 132.65 132.53 132.79 134.91 135.96 Interbank interest rate Base scenario 11.25% 11.25% 10.75% 9.00% 7.00% 5.25% 4.25% 4.00% 4.00% Range of upside scenarios 11.25% 12.00% 12.00% 11.00% 9.50% 8.00% 6.75% 6.00% 5.50% Range of downside scenarios 11.25% 9.75% 7.75% 5.75% 4.50% 3.50% 3.25% 3.25% 3.25% Exchange Rate (USD/CLP) Base scenario 3.77 3.68 3.58 3.49 3.40 3.40 3.40 3.40 3.40 Range of upside scenarios 3.41 3.25 3.08 2.91 2.75 2.78 2.82 2.86 2.89 Range of downside scenarios 4.47 4.34 4.22 4.09 3.97 3.93 3.89 3.85 3.81 Criteria for Colombia As of December 31, 2022 2023 2024 GDP growth Base scenario 2.32 0.90 3.24 Range of upside scenarios 3.82 2.40 4.74 Range of downside scenarios 0.52 (0.90) 1.44 Unemployment rates Base scenario 9.63 11.28 11.36 Range of upside scenarios 8.48 10.07 10.12 Range of downside scenarios 10.79 12.48 12.60 Benchmark interest rates Base scenario 11.50 9.00 5.00 Range of upside scenarios 13.00 10.50 6.50 Range of downside scenarios 10.50 8.00 4.00 currency exchange rate Base scenario 4,700 4,800 4,690 Range of upside scenarios 4,586 4,565 4,334 Range of downside scenarios 4,814 5,035 5,046 Consumer’s Price Index Base scenario 11.80 7.20 3.50 Range of upside scenarios 12.10 7.86 4.52 Range of downside scenarios 11.50 6.54 2.48 |
Summary of ECL Coverage of Loans and Accounts Receivable at Amortized Cost Subject to Significant Measurement Uncertainty | Set out below are the changes to ECL as of December 31, 2022 that would result from reasonably possible changes in these parameters from the actual assumptions used in the Bank’s economic variable assumptions as set forth in the tables above for Base scenarios, upside scenarios, and downside scenarios. ECL coverage of loans and accounts receivable at amortized cost subject to significant measurement uncertainty as of December 31, 2022 Chile Colombia MCh$ MCh$ Reported ECL 713,815 182,158 Loans and accounts receivable at amortized cost 22,633,393 3,974,392 Reported Coverage (Reported ECL/ loans and accounts receivable at amortized cost) % 3.15 5.93 Consensus upside scenario (Upside scenario for ECL/ loans and accounts receivable at amortized cost) % 3.20 5.74 Consensus central scenario (Base scenario for ECL/ loans and accounts receivable at amortized cost) % 3.24 5.93 Consensus downside scenario (Downside scenario for ECL/ loans and accounts receivable at amortized cost) % 3.31 6.11 |
Schedule of Credit Quality by Financial Asset Class | A detail by credit quality, which includes loans and accounts receivable from customers and interbank loans as of December 31, 2022 and 2021 is summarized as follows: As of December 31, 2022 Corporate Stage 1 Stage 2 Stage 3 Totals corporate Percentage Stage 1 Stage 2 Stage 3 Totals allowance Percentage MCh$ MCh$ MCh$ MCh$ % MCh$ MCh$ MCh$ MCh$ % A1 164,599 — — 164,599 0.62% (58) — — (58) 0.01% A2 1,283,846 — — 1,283,846 4.78% (432) — — (432) 0.05% A3 2,646,632 — — 2,646,632 9.86% (5,208) — — (5,208) 0.58% A4 4,828,668 — — 4,828,668 17.99% (36,522) — — (36,522) 4.08% A5 2,611,905 — — 2,611,905 9.73% (46,620) — — (46,620) 5.20% A6 834,088 35,084 — 869,172 3.24% (16,575) — — (16,575) 1.85% B1 — 395,348 — 395,348 1.47% — (6,383) — (6,383) 0.71% B2 — 94,155 — 94,155 0.35% — (8,412) — (8,412) 0.94% B3 — 101,704 — 101,704 0.38% — (4,627) — (4,627) 0.52% B4 — 86,054 — 86,054 0.32% — (11,805) — (11,805) 1.32% C1 — — 170,088 170,088 0.63% — — (3,403) (3,403) 0.38% C2 — — 31,602 31,602 0.12% — — (3,160) (3,160) 0.35% C3 — — 249,441 249,441 0.93% — — (62,360) (62,360) 6.96% C4 — — 186,982 186,982 0.70% — — (74,793) (74,793) 8.35% C5 — — 24,279 24,279 0.09% — — (15,782) (15,782) 1.76% C6 — — 48,415 48,415 0.18% — — (43,574) (43,574) 4.86% Subtotals corporate 12,369,738 712,345 710,807 13,792,890 51.39% (105,415) (31,227) (203,072) (339,714) 37.92% As of December 31, 2021 Corporate Stage 1 Stage 2 Stage 3 Totals corporate Percentage Stage 1 Stage 2 Stage 3 Totals allowance Percentage MCh$ MCh$ MCh$ MCh$ % MCh$ MCh$ MCh$ MCh$ % A1 104,887 — — 104,887 0.42% (45) — — (45) 0.01% A2 623,613 — — 623,613 2.52% (337) — — (337) 0.04% A3 2,456,274 — — 2,456,274 10.64% (5,729) — — (5,729) 0.60% A4 4,398,475 — — 4,398,475 18.49% (42,196) — — (42,196) 4.45% A5 2,717,332 — — 2,717,332 11.69% (26,295) — — (26,295) 2.77% A6 — 1,114,466 — 1,114,466 4.13% — (36,245) — (36,245) 3.82% B1 — 563,250 — 563,250 1.90% — (10,564) — (10,564) 1.11% B2 — 240,106 — 240,106 0.59% — (13,190) — (13,190) 1.39% B3 — 106,425 — 106,425 0.43% — (11,219) — (11,219) 1.18% B4 — 93,647 — 93,647 0.38% — (19,119) — (19,119) 2.02% C1 — — 149,838 149,838 0.38% — — (3,205) (3,205) 0.24% C2 — — 98,318 98,318 0.15% — — (5,020) (5,020) 0.47% C3 — — 469,581 469,581 1.65% — — (126,748) (126,748) 13.06% C4 — — 249,938 249,938 0.76% — — (92,541) (92,541) 9.60% C5 — — 42,253 42,253 0.17% — — (34,403) (34,403) 3.60% C6 — — 128,830 128,830 0.50% — — (127,706) (127,706) 14.13% Subtotals corporate 10,300,581 2,117,894 1,138,758 13,557,233 54.80% (74,602) (90,337) (389,623) (554,562) 58.49% Note 36 – Risk management, continued As of December 31, 2022 Collectively assessed portfolio Stage 1 Stage 2 Stage 3 Total collective Percentage Stage 1 Stage 2 Stage 3 Totals allowance Percentage MCh$ MCh$ MCh$ MCh$ % MCh$ MCh$ MCh$ MCh$ % Commercial loans 301,043 1,911,285 451,803 2,664,131 10.01% 20,821 (95,730) (106,576) (181,485) 20.25% Mortgage loans 6,448,104 430,563 151,943 7,030,610 26.41% (17,048) (57,929) (25,867) (100,844) 11.26% Consumer loans 2,627,477 398,561 94,116 3,120,154 11.70% (91,892) (113,345) (68,694) (273,931) 30.57% Subtotals collectively assessed portfolio 9,376,624 2,740,409 697,862 12,814,895 48.12% (88,119) (267,004) (201,137) (556,260) 62.08% Totals portfolio 21,746,362 3,452,754 1,408,669 26,607,785 100.00% (193,534) (298,231) (404,209) (895,974) 100.00% As of December 31, 2021 Collectively assessed portfolio Stage 1 Stage 2 Stage 3 Total collective Percentage Stage 1 Stage 2 Stage 3 Totals allowance Percentage MCh$ MCh$ MCh$ MCh$ % MCh$ MCh$ MCh$ MCh$ % Commercial loans 1,511,692 470,765 132,980 2,115,437 8.55% (2,100) (92,410) (31,957) (126,467) 13.34% Mortgage loans 5,815,884 314,060 115,027 6,244,971 25.23% (14,156) (44,636) (18,506) (77,298) 8.18% Consumer loans 2,424,540 338,799 62,380 2,825,719 11.42% (68,129) (77,522) (43,834) (189,485) 19.99% Subtotals collectively assessed portfolio 9,752,116 1,123,624 310,387 11,186,127 45.20% (84,385) (214,568) (94,297) (393,250) 41.51% Totals portfolio 20,052,697 3,241,518 1,449,145 24,743,360 100.00% (158,987) (304,905) (483,920) (947,812) 100.00% |
Schedule of Analysis of Gross Carrying Amount of Loans and Advances to Customers by Past Due Status under IFRS 9 and IAS 39 | The table below provides an analysis of the gross carrying amount of loans and advances to customers by past due: As of December 31, 2022 Less than 30 days overdue Between 30 and 89 days overdue More than 90 days overdue Total overdue MCh$ MCh$ MCh$ MCh$ Interbank loans — — — — Loans and accounts receivable from customers Commercial loans 284,090 133,044 388,894 806,028 Mortgage loans 153,414 66,640 72,371 292,425 Consumer loans 135,619 83,905 64,235 283,759 Totals 573,123 283,589 525,500 1,382,212 As of December 31, 2021 Less than 30 days overdue Between 30 and 89 days overdue More than 90 days overdue Total overdue MCh$ MCh$ MCh$ MCh$ Interbank loans — — — — Loans and accounts receivable from customers Commercial loans 156,006 97,039 361,084 614,129 Mortgage loans 120,581 44,845 66,865 232,291 Consumer loans 123,263 52,812 36,872 212,947 Totals 399,850 194,696 464,821 1,059,367 |
Schedule of Bank's Maximum Credit Risk Exposure by Financial Asset | Maximum Exposure to Credit Risk For financial assets recognized in the Consolidated Statements of Financial Position, exposure to credit risk is equal to their book value. For the financial guarantees granted, the maximum exposure to credit risk is the maximum amount that the Bank would have to pay if the guarantee were called. The following table shows the Bank’s maximum credit risk exposure by financial asset as of December 31, 2022 and 2021 for different balance sheet items, including derivatives, without deducting real guarantees or other credit enhancements received: Maximum Exposure as of December 31, 2022 Balance sheet asset Off-balance sheet Collateral Notes Gross amounts Allowances Net amounts Gross amounts Allowances Net amounts Cash Non-cash Net exposure MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Financial instruments at fair value through other comprehensive income 11 3,735,593 (303) 3,735,290 — — — — — 3,735,290 Loans and accounts receivable at amortized cost 10 26,607,785 (895,974) 25,711,811 8,079,306 (41,701) 8,037,605 — 40,425,951 (6,676,535) Commercial loans 16,457,021 (521,199) 15,935,822 8,079,306 (41,701) 8,037,605 — 24,738,775 (765,348) Mortgage loans 7,030,610 (100,844) 6,929,766 — — — — 14,495,586 (7,565,820) Consumer loans 3,120,154 (273,931) 2,846,223 — — — — 1,191,590 1,654,633 Financial instruments at amortized cost 11 1,013,977 (34) 1,013,943 — — — — — 1,013,943 Investments under resale agreements 7 162,774 — 162,774 — — — — 162,774 — Financial derivative contracts 8 3,756,340 — 3,756,340 — — — 480,231 — 3,276,109 Interbank loans, net 9 46,441 (319) 46,122 — — — — — 46,122 Other assets 15 629,683 — 629,683 — — — — — 629,683 Totals 35,952,593 (896,630) 35,055,963 8,079,306 (41,701) 8,037,605 480,231 40,588,725 2,024,612 Maximum Exposure as of December 31, 2021 Balance sheet asset Off-balance sheet Collateral Notes Gross amounts Allowances Net amounts Gross amounts Allowances Net amounts Cash Non-cash Net exposure MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Financial instruments at fair value through other comprehensive income 11 3,661,101 (651) 3,660,450 — — — — — 3,660,450 Loans and accounts receivable at amortized cost 10 24,743,360 (947,812) 23,795,548 7,859,923 (30,589) 7,829,334 — 36,923,332 (5,298,450) Commercial loans 15,672,670 (681,029) 14,991,641 7,859,923 (30,589) 7,829,334 — 23,438,657 (617,682) Mortgage loans 6,244,971 (77,298) 6,167,673 — — — — 12,265,482 (6,097,809) Consumer loans 2,825,719 (189,485) 2,636,234 — — — — 1,219,193 1,417,041 Financial instruments at amortized cost 11 187,582 (127) 187,455 — — — — — 187,455 Investments under resale agreements 7 606,178 — 606,178 — — — — 606,178 — Financial derivative contracts 8 2,980,926 — 2,980,926 — — — 196,012 — 2,784,914 Interbank loans, net 9 80,907 (353) 80,554 — — — — — 80,554 Other assets 15 810,521 — 810,521 — — — — — 810,521 Totals 33,070,575 (948,943) 32,121,632 7,859,923 (30,589) 7,829,334 196,012 37,529,510 2,225,444 |
Summary for Allowances for Loan Losses According to IFRS 9 | A summary for the allowances for loan losses is as follows: As of December 31, 2022 2021 MCh$ MCh$ Loans and accounts receivable at amortized cost (895,974) (947,812) Interbank loans, net (319) (353) Provisions for contingent loans risk (41,701) (30,589) Total allowances (937,994) (978,754) |
Schedule of Concentration of Credit Risk by Industry | The following table displays the concentration of credit risk by industry for the loan portfolio: As of December 31, 2022 2021 Maximum Maximum Maximum Maximum gross net gross net Note exposure exposure (1) % exposure exposure (1) % MCh$ MCh$ MCh$ MCh$ Manufacturing 1,912,316 1,867,788 7.19% 1,295,321 1,154,825 5.24% % Mining 353,951 350,880 1.33% 429,591 422,314 1.74% % Electricity, gas and water 822,666 797,103 3.09% 922,455 805,948 3.73% % Agriculture and livestock 473,306 461,226 1.78% 537,337 517,723 2.17% % Forestry and wood extraction 121,727 118,991 0.46% 64,186 62,506 0.26% % Fishing 57,706 55,551 0.22% 19,657 18,781 0.08% % Transport 1,069,824 1,052,044 4.02% 867,096 797,904 3.50% % Communications 115,733 112,269 0.43% 49,002 46,451 0.20% % Construction 2,250,918 2,212,576 8.46% 1,917,901 1,884,123 7.75% % Commerce 2,563,194 2,426,240 9.63% 2,288,011 2,138,150 9.25% % Services 4,326,025 4,222,680 16.26% 4,143,076 4,026,551 16.74% % Others 2,389,655 2,328,367 8.98% 3,139,037 3,116,365 12.69% % Subtotal commercial loans 10 a) 16,457,021 16,005,715 61.85% 15,672,670 14,991,641 63.35% % Consumer loans 10 a) 7,030,610 6,993,090 26.42% 2,825,719 2,636,236 11.41% % Mortgage loans 10 a) 3,120,154 2,904,982 11.73% 6,244,971 6,167,671 25.24% % Totals 26,607,785 25,903,787 100.00% 24,743,360 23,795,548 100.00% % (1) Net of allowances |
Schedule of Banking Book Positions (Products Valued at Amortized Cost and Available-for-sale Instruments and Derivatives Valued at Fair Value) | As of December 31, Limit consumption 2022 2021 2020 Short-term exposure to interest rate risk 32.62 % 47.21 % 62.99 % Long-term exposure to interest rate risk 6.45 % 23.21 % 63.86 % |
Schedule of Structural Interest Rate Position In Banking Book | As of December 31, Limit consumption 2022 2021 2020 Market risk exposure (MRE) 58.66 % 65.63 % 83.34 % |
Schedule of Trading Book Positions by Risk Factor | As of December 31, Potential impact on P&L 2022 2021 2020 MCh$ MCh$ MCh$ CLP rate risk (12,333) (1,679) (8,403) Derivatives (12,333) (1,679) (8,403) Debt instruments — — — CLF rate risk (3,648) (7,248) (8,488) Derivatives (3,648) (7,248) (8,488) Debt instruments — — — COP rate risk 12,267 829 (3,104) Derivatives 12,267 5,469 (2,508) Debt instruments — (4,640) (596) UVR rate risk 8 (30,766) (133) Derivatives 8 — 3 Debt instruments — (30,766) (136) USD rate risk (4,203) (12,000) (2,648) Other currencies rate risk (35) (16) (249) Total rate risk (7,944) (50,880) (23,025) Exchange rate risk (1,626) 7 (163) Options risk 3 5 16 Total impact (9,567) (50,868) (23,172) |
Schedule of Potential Impact on Accrual Book | For the years ended December 31, Potential impact on Accrual Book 2022 2021 2020 Interest rate shock sensitivity impact 10,488 (16,349) (9,626) |
Schedule of Potential Impact on Equity & Prices | Impact due to changes in prices Exchange rate As of December 31, 2022 As of December 31, 2021 ThUS$ MCh$ ThUS$ MCh$ USD (31.19) (26,689) 145.47 122,874 COP (36.71) (31,419) — — Total risk exchange rate (67.90) (58,108) 145.47 122,874 Total impact (102.25) (88,472) (211.14) (150,497) |
Schedule of Potential Impact On Equity And Impact Of Change In Prices | For the years ended December 31, 2022 2021 2020 Potential Impact DV01 Impact of Change in DV01 Impact of Change in DV01 Impact of Change in on FVTOCI (+1 bp) Interest Rate (+1 bp) Interest Rate (+1 bp) Interest Rate US$ MUS$ MCh$ US$ MUS$ MCh$ US$ MUS$ MCh$ CLP (82,235) (12.43) (10,635) (73,433) (6.99) (5,897) (707,409) (40.13) (28,609) CLF 38,676 (9.30) (7,958) 43,232 (33.24) (28,055) (201,548) (23.15) (16,505) COP (25,265) (4.15) (4,186) (65,627) (5.36) (4,525) 35,889 (8.13) (5,780) UVR (25,947) (2.53) (2,553) (83,203) (6.96) (5,875) (36,520) (3.88) (2,755) USD (68,562) (5.94) (5,032) (80,331) (8.64) (6,797) (42,030) (4.36) (3,107) Other — — — — — — 11,624 (0.59) (419) Total interest rate impact (163,333) (34.35) (30,364) (259,362) (61.19) (51,149) (939,994) (80.24) (57,175) |
Schedule of relation between assets and risk weighted assets based on Basell III | Global consolidated No. Item Note As of December 31, 2022 2021 MCh$ MCh$ 1 Total assets according to the statement of financial position, excluding financial derivative contracts 36,747,959 34,842,124 2 Investment in subsidiaries that are not consolidated a — — 3 Assets discounted from regulatory capital, other than item 2 b 962,897 1,003,882 4 Credit equivalent c 1,052,333 980,163 5 Contingent receivables d 2,366,109 2,315,141 6 Assets arising from the intermediation of financial instruments e 18,463 24,428 7 = (1-2-3+4+5-6) Total assets for regulatory purposes 39,185,041 37,109,118 8.a Credit risk-weighted assets, estimated using standard methodology (APRC) f 22,354,442 21,016,722 8.b Credit risk-weighted assets, estimated according to internal methodology (APRC) f — — 9 Assets weighted by market risk (APRM) g 1,968,720 1,873,952 10 Assets weighted by operational risk (APRO) h 2,465,791 1,990,014 11.a = (8.a/8.b+9+10) Risk-weighted assets (RWA) 26,788,953 24,880,688 11.b = (8.b/8.b+9+10) Risk-weighted assets, after application of the output floor (APR) — 24,880,688 12 Equity attributable to equity holders of the Bank 3,320,109 3,277,800 13 Non-controlling interest i 2,650 74,542 14 Goodwill j 492,512 492,512 15 Excess minority investments k — — 16 = (12+13-14-15) Common Equity Tier 1 Equivalent (CET1) 2,830,247 2,859,830 17 Additional deductions to common equity tier 1, other than item 2 l 39,553 — 18 = (16-17-2) Common equity common equity tier 1 (CET1) 2,790,694 2,859,830 19 Voluntary provisions (additional) incorporated as Additional Capital Tier 1 (AT1) m — — 20 Subordinated bonds imputed as Additional Capital Tier 1 (AT1) m 133,945 248,807 21 Preferred shares imputed as Additional Capital Tier 1 (AT1) — — 22 Bonds with no fixed term to maturity imputed to Additional Capital Tier 1 (AT1) — — 23 Discounts applied to AT1 l — — 24 = (19+20+21+22+22-23) Additional capital level 1 (AT1) 133,945 248,807 25 = (18+24) Tier 1 capital 2,924,639 3,108,637 26 Voluntary (additional) provisions imputed as Tier 2 capital (T2) n 175,501 133,323 27 Subordinated bonds imputed as Tier 2 capital (T2) n 986,760 794,520 28 = (26+27) Equivalent Tier 2 capital (T2) 1,162,261 927,843 29 Discount applied to T2 l — — 30 = (28-29) Tier 2 capital (T2) 1,162,261 927,843 31 = (25+30) Effective equity 4,086,900 4,036,480 32 Additional core capital required for the constitution of the conservation buffer p 334,862 155,504 (a) Corresponds to the value of the investment in subsidiaries that are not consolidated. Applies only in local consolidation when the bank has subsidiaries abroad, and their value is fully deducted from assets and CET1. b) Corresponds to the value of the asset items that are deducted from regulatory capital, in accordance with the provisions of paragraph a) of Title No, 3 of Chapter 21 30 of the RAN, Item No Note Total assets, risk-weighted assets and components of effective equity according to Basel III-tem Description. c) Corresponds to the credit equivalents of derivative instruments in accordance with paragraph (b) of title No, 3 of Chapter 21 30 of the RAN. d) Corresponds to the contingent exposures as established in paragraph c) of title No, 3 of Chapter 21 30 of the RAN. e) Corresponds to the assets from the intermediation of financial instruments in its own name on behalf of third parties, which are within the bank's consolidation perimeter, as established in paragraph (c) of Title No, 3 of Chapter 21 30 of the RAN. f) Corresponds to the assets weighted by credit risk, estimated according to RAN Chapter 21 6, If the bank is not authorized to apply internal methodologies, it must report field 8,b with zero and add 8,a in field 11,a, If it has the authorization, it must add 8.b in 11.a. g) Corresponds to the assets weighted by market risk, estimated according to Chapter 21 7 of the RAN. h) Corresponds to the assets weighted by market risk, estimated according to Chapter 21 8 of the RAN. i) Corresponds to the non-controlling interest, according to the level of consolidation, up to 20% of the owners' equity. j) Assets corresponding to goodwill. k) Corresponds to the balances of the assets of investments in companies other than business support companies that do not participate in the consolidation, in excess of 5% of the owners' equity. Note 36 - Risk management, continued l) In the case of CET1 and T2, banks must estimate the equivalent value for each level of capital, as well as that obtained by fully applying Chapter 21 1 of the RAN, Then, the difference between the equivalent value and the fully applied value must be weighted by the discount factor in effect at the reporting date according to the transitional provisions of Chapter 21 1 of the RAN, and reported in this row, In the case of AT1, discounts are applied directly if any. m) Provisions and subordinated debentures imputed to additional tier 1 capital (AT1), as established in Chapter 21 2 of the RAN. n) Provisions and subordinated debentures imputed to the equivalent definition of Tier 2 capital (T2), as established in Chapter 21 1 of the RAN. o) In accordance with the transitory provisions, as of December 1, 2022, the solvency requirements will also be made at the local consolidated level, reporting the figures at this level in this column, Bank without subsidiaries abroad should not fill in these data. p) Corresponds to the additional core capital (CET1) for the constitution of the conservation buffer, as established in Chapter 21 12 of the RAN. q) Corresponds to the additional core capital (CET1) for the constitution of countercyclical buffer, as established in Chapter 21 12 of the RAN. r) Corresponds to the additional basic capital (CET1) for banks qualified as systemic, as established in Chapter 21 11 of the RAN. s) Corresponds to the additional capital for the evaluation of the adequacy of the effective equity (Pillar 2) of the bank, as established in Chapter 21 13 of the RAN. b) Below are the solvency indicators and regulatory compliance indicators according to Basel III (in % with two decimals). Global consolidated No. Item Solvency ratios and regulatory compliance ratios according to Basel III Note As of December 31, 2022 2021 % % 1 Leverage ratio (T1_I18/T1_I7) 7.12 7.71 3 Common equity tier 1 ratio (T1_I18/T1_I11.b) 10.42 11.49 5 Tier 1 capital ratio (T1_I25/T1_I11.b) 10.92 12.49 6 Capital Adequacy ratio (T1_I31/T1_I11.b) 15.26 16.22 7 Solvency rating (Level A, B or C) a A A Regulatory compliance ratios for solvency 8 Voluntary (additional) provisions imputed in Tier 2 capital (T2) in relation to APRCs (T1_I26/(T1_I8.a or 8.b)) b 0.79 0.63 9 Subordinated bonds imputed in tier 2 capital (T2) in relation to common equity tier 1(CET1) c 35.36 27.78 10 Additional tier 1 capital (AT1) relative to common equity tier 1 (CET1) (T1_I24/T1_I18) d 4.80 8.70 11 Voluntary (additional) provisions and subordinated debentures that are imputed to Additional Tier 1 capital (AT1) in relation to RWA ((T1_I19+T1_I20)/T1_I11.b) e 0.50 1.00 a) In the case of leverage, the minimum level is 3.0% without prejudice to the additional requirements for systemic banks that could be set according to the provisions of Chapter 21-30 of the RAN, In the case of basic capital, the bank must consider a limit of 4.5% of risk-weighted assets (RWA), In addition, and if applicable, the bank must add the current systemic charge according to the transitory provisions and the Pillar 2 requirement that was defined at this level of capital, In the case of new banks that have not paid 400,000 UF in paid capital, they must add 2% to their minimum requirement in accordance with article 51 of the LGB, This value decreases to 1.0% if the capital paid is above 600,000 UF but less than 800,000 UF, In the case of Tier 1 capital, the bank must consider a value of 6% as a minimum requirement and the Pillar 2 charge that has been defined at this level of capital, Finally, at the effective equity level, the bank must consider 8% of the RWA as a minimum requirement, Additional charges must be added to said value for Pillar 2, systemic bank and those indicated in article 51 of the LGB for new banks b) The capital buffer deficit must be estimated in accordance with the provisions of Chapter 21-12 of the RAN, This value defines the restriction on the distribution of dividends if it were positive, according to the provisions of the Chapter mentioned above, In the case of effective equity, the value of the current conservation and countercyclical buffer must be added according to transitory provisions at the date of the report, the value defined in note a), even when there is a requirement by article 35 bis of the LGB, c) If the bank had a current effective equity requirement by article 35 bis of the LGB, it must report its value in this cell in accordance with the transitory provisions, d) (Corresponds to the solvency classification as established in Article 61 of the General Banking Law, e) Limit of 1.25%, if the bank uses standard methodologies (field T1_8,a), or 0.625% if the bank uses internal methodologies (field T1_8 8,b), in the estimate of the APRC, f) Subordinated bonds imputed to Tier 2 capital must not exceed 50% of Common Equity Tier 1 (CET1), taking into account the discounts applied to these instruments according to Chapter 21-1, instruments according to Chapter 21-1 of the RAN, g) Additional tier 1 capital (AT1) cannot exceed 1/3 of ordinary tier 1 capital (CET1), h) The additional provisions and subordinated bonds imputed to AT1 cannot exceed 1.0% of the RWAs as of December 1, 2021, This value will decrease by 0.5% annually in accordance with the transitory provisions of Chapter 21-2 of the RAN, In accordance with the transitory provisions, as of December 1, 2022, the solvency requirements will also be made at the local consolidated level, reporting the figures at this level in this column, Bank without subsidiaries abroad should not fill in these data. |
Maturity of assets and liabil_2
Maturity of assets and liabilities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Schedule of Maturity of Financial Assets and Liabilities | The main assets grouped by maturity, including interest accrued as of December 31, 2022 and 2021, are detailed as follows: As of December 31, 2022 Over 1 month Over 3 months Over between On demand Up to less than up to 1 and Over 3 up to More than Total 1 month 3 months 1 year 3 years 5 years 5 years MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Assets Cash and deposits in banks 3,058,752 — — — — — — 3,058,752 Cash in process of collection 494,994 — — — — — — 494,994 Financial instruments at fair value through profit or loss — 70,691 114,966 27,045 108,572 34,187 116,822 472,283 Financial instruments at fair value through other comprehensive income — 373,392 35,143 2,703,627 347,255 80,034 195,839 3,735,290 Loans and accounts receivable from customers at amortized cost (2) 763,244 2,445,096 2,899,311 5,420,706 4,500,613 2,968,541 7,610,274 26,607,785 Commercial loans 254,229 2,239,491 2,533,861 4,314,030 2,939,871 1,767,626 2,407,913 16,457,021 Mortgage loans 4,454 46,031 89,558 342,707 838,428 796,516 4,912,916 7,030,610 Consumer loans 504,561 159,574 275,892 763,969 722,314 404,399 289,445 3,120,154 Financial instruments at amortized cost — (141,884) 16,105 127,091 731,179 237,965 43,487 1,013,943 Investments under resale agreements — 150,490 12,284 — — — — 162,774 Financial derivative contracts held for hedge accounting — 15,162 15,813 66,337 9,476 17,809 13,951 138,548 Financial derivatives contracts held for trading — 194,495 189,086 464,743 769,906 566,391 1,433,171 3,617,792 Interbank loans (1) — 20,433 8,261 17,428 — — — 46,122 Subtotal 4,316,990 3,127,875 3,290,969 8,826,977 6,467,001 3,904,927 9,413,544 39,348,283 Liabilities Cash in process of being cleared 456,947 — — — — — — 456,947 Obligations under repurchase agreements — 354,074 14 — — — — 354,088 Deposits and other demand liabilities 5,555,185 — — — — — — 5,555,185 Time deposits and other time liabilities 314,829 4,738,021 3,079,014 3,260,930 762,345 164,548 383,966 12,703,653 Financial derivative contracts held for hedge accounting — 461 97,331 25,204 12,878 24,076 58,783 218,733 Financial derivatives contracts held for trading — 211,116 157,721 471,691 743,983 550,042 1,291,588 3,426,141 Interbank borrowings — 246,742 241,425 1,135,442 2,979,900 37,550 87,264 4,728,323 Lease obligations — 2,008 3,667 16,416 39,249 22,807 10,428 94,575 Debt instruments issued — 100 (4,470) 326,101 1,354,462 1,525,199 3,346,415 6,547,807 Financial instruments of regulatory capital issued — — 18,754 — 147,150 — 1,097,265 1,263,169 Other financial liabilities — 126,090 97,153 89,654 46,676 — — 359,573 Subtotal 6,326,961 5,678,612 3,690,609 5,325,438 6,086,643 2,324,222 6,275,709 35,708,194 (1) Interbank loans are presented gross. The amount of allowances corresponds to MCh$320. (2) Loans and accounts receivable from customers at amortized cost are presented gross. Allowances by loan type are detailed as follows: Commercial Note 37 - Maturity of assets and liabilities, continued As of December 31, 2021 Over 1 month Over 3 months Over between On demand Up to less than up to 1 and Over 3 up to More than Total 1 month 3 months 1 year 3 years 5 years 5 years MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Assets Cash and deposits in banks 3,473,792 — — — — — — 3,473,792 Cash in the process of collection 438,496 — — — — — — 438,496 Financial instruments at fair value through profit or loss — 95,418 50,828 405 34,355 85,360 66,358 332,724 Financial instruments at fair value through other comprehensive income — 1,348,862 636,668 99,850 423,463 993,381 158,226 3,660,450 Loans and accounts receivable from customers at amortized cost (2) 1,060,782 1,539,155 1,821,251 3,105,660 6,223,999 2,839,755 8,152,758 24,743,360 Commercial loans 348,052 1,474,186 1,686,244 2,560,603 4,905,237 1,581,190 3,117,158 15,672,670 Mortgage loans 167 31,510 51,243 230,337 664,169 635,113 4,632,432 6,244,971 Consumer loans 712,563 33,459 83,764 314,720 654,593 623,452 403,168 2,825,719 Financial instruments at amortized cost — 43,806 12,272 96,327 27,587 7,463 — 187,455 Investments under resale agreements — 428,079 111,148 66,951 — — — 606,178 Financial derivative contracts held for hedge accounting — 25,349 13,444 35,768 3,296 2,739 2,527 83,123 Financial derivatives contracts held for trading — 117,859 98,339 335,306 806,607 877,843 661,849 2,897,803 Interbank loans (1) — 80,554 — — — — — 80,554 Subtotal 4,973,070 3,679,082 2,743,950 3,740,267 7,519,307 4,806,541 9,041,718 36,503,935 Liabilities Cash in process of being cleared 424,358 — — — — — — 424,358 Obligations under repurchase agreements — 465,842 164 — — — — 466,006 Deposits and other demand liabilities 7,576,095 — — — — — — 7,576,095 Time deposits and other time liabilities 314,373 4,572,769 2,087,560 2,342,260 326,276 152,633 301,572 10,097,443 Financial derivative contracts held for hedge accounting — 11,305 45,617 29,100 44,566 4,883 32,774 168,245 Financial derivatives contracts held for trading — 66,530 143,133 323,721 620,192 591,023 1,012,743 2,757,342 Interbank borrowings — 171,624 132,457 1,420,184 3,137,074 45,985 11,099 4,918,423 Lease obligations — 4,847 4,808 15,707 41,933 27,501 20,748 115,544 Debt instruments issued — 90,750 32,551 389,571 980,552 1,552,661 2,563,710 5,609,795 Financial instruments of regulatory capital issued — — — 5,448 165,936 — 981,661 1,153,045 Other financial liabilities — 42,435 — — — — — 42,435 Subtotal 8,314,826 5,426,102 2,446,290 4,525,991 5,316,529 2,374,686 4,924,307 33,328,731 (1 (2) Loans and accounts receivable from customers at amortized cost are presented gross. Allowances by loan type are detailed as follows: Commercial . |
Foreign currency position (Tabl
Foreign currency position (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Text block [Abstract] | |
Schedule assets and liabilities in local and foreign currency, readjustable by variation of exchange rate | In the Consolidated Statements of Financial Position as of December 31, 2022 and 2021, assets and liabilities are included in local and foreign currency, as well as inflation-indexation adjustable and adjustable by the variation of the exchange rate, for the amounts indicated below: Other Exchange rate As of December 31, 2022 Note CLP (1) UF USD COP EUR currencies adjustable Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Cash and deposits in banks 5a) 1,472,359 — 1,387,738 149,163 35,730 13,762 — 3,058,752 Cash items in process of collection 5b) 339,559 — 148,960 5 4,414 2,056 — 494,994 Financial instruments at fair value through profit or loss 6 419,077 — 53,206 — — — — 472,283 Financial instruments at fair value through other comprehensive income 11 3,028,865 72,754 494,180 139,491 — — — 3,735,290 Loans and accounts receivable at amortized cost 10 7,526,343 10,665,565 3,920,269 3,547,452 51,346 836 — 25,711,811 Financial instruments at amortized cost 11 302,886 383,948 — 327,109 — — — 1,013,943 Investments under resale agreements 7 63,154 — — 99,620 — — — 162,774 Investments in companies 5,695 — 5,886 — 3 — — 11,584 Financial derivative contracts 8 2,347,490 195,800 728,250 346,251 — — — 3,617,791 Financial derivative contracts held for hedge accounting 75,651 — 62,897 — — — — 138,548 Interbank loans, net 9 — — 25,537 20,585 — — — 46,122 Intangible assets 13 663,991 — 230 29,569 — — — 693,790 Property, plant, and equipment 14 46,080 — 709 13,407 — — — 60,196 Right-of-use asset under lease agreements 15 69,416 — 6,144 13,979 — — — 89,539 Current taxes 16 50,690 — — 37,663 — — — 88,353 Deferred taxes 16 181,556 — 19,274 73,782 — — — 274,612 Other assets 17 207,238 4,765 358,481 53,219 5,664 3 314 629,684 Other non-current assets held for sale 17 12,175 — 114 8,411 — — — 20,700 TOTAL ASSETS 16,812,225 11,322,832 7,211,875 4,859,706 97,157 16,657 314 40,320,766 Deposits and other demand liabilities 18 2,819,429 27,427 809,882 1,880,225 15,362 2,860 — 5,555,185 Cash in process of being cleared 5b) 136,813 — 302,819 9 16,947 369 — 456,957 Obligations under repurchase agreements 7 288,446 — 8,119 57,523 — — — 354,088 Time deposits and other time liabilities 18 7,567,423 1,394,752 1,982,901 1,758,575 1 — 1 12,703,653 Financial derivative contracts 8 2,422,978 138,312 704,894 159,957 — — — 3,426,141 Financial derivative contracts held for hedge accounting 201,537 — — 17,196 — — — 218,733 Interbank borrowings 19 3,007,284 35,085 940,440 721,414 23,269 831 — 4,728,323 Debt instruments issued 20 679,521 5,445,284 — 423,002 — — — 6,547,807 Financial instruments of regulatory capital issued — 1,070,933 147,291 44,945 — — — 1,263,169 Other financial liabilities 20 57,014 — 302,559 — — — — 359,573 Lease contracts liabilities 15 408 73,191 6,267 14,519 — — 190 94,575 Current taxes 16 — — — 77 — — — 77 Deferred taxes 16 — — — — — — — — Provisions 21 176,255 — 30,484 80,395 — — — 287,134 Other liabilities 22 454,116 119,968 377,288 52,924 3,266 — — 1,007,562 Liabilities directly associated with non-current assets held for sale 22 — — — — — — — — TOTAL LIABILITIES 17,811,224 8,304,952 5,612,944 5,210,761 58,845 4,060 191 37,002,977 Assets (liabilities) net (998,999) 3,017,880 1,598,931 (351,055) 38,312 12,597 123 3,317,789 (1) Includes transactions denominated in foreign currencies but that are settled in pesos. Note 38 - Foreign currency position, continued Other Exchange rate As of December 31, 2021 Note CLP (1) UF USD COP EUR currencies adjustable Totals MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ Cash and deposits in banks 5a) 1,308,118 — 1,822,747 287,922 32,213 22,392 — 3,473,392 Cash items in process of collection 5b) 211,686 — 222,843 347 3,354 266 — 438,496 Financial instruments at fair value through profit or loss 6 91,817 — — 240,907 — — — 332,724 Financial instruments at fair value through other comprehensive income 11 2,012,758 301,897 980,339 365,456 — — — 3,660,450 Loans and accounts receivable at amortized cost 10 6,079,741 9,799,322 3,578,507 4,302,474 26,371 — 9,133 23,795,548 Financial instruments at amortized cost 11 451,099 321,291 (772,390) 187,455 — — — 187,455 Investments under resale agreements 7 171,810 — — 434,368 — — — 606,178 Investments in companies 9,152 — — — — — — 9,152 Financial derivative contracts 8 2,254,395 126,280 564,013 30,538 5,700 — — 2,980,926 Interbank loans, net 9 — — 52,505 28,049 — — — 80,554 Intangible assets 13 663,373 — 130 35,841 — — — 699,344 Property, plant, and equipment 14 39,507 — 433 31,993 — — — 71,933 Right-of-use asset under lease agreements 15 86,240 — 5,723 18,818 — — — 110,781 Current taxes 16 18,871 — 1,713 37,600 — — — 58,184 Deferred taxes 16 181,998 — 15,942 74,271 — — — 272,211 Other assets 17 224,814 4,421 516,165 56,492 8,361 — 268 810,521 Other non-current assets held for sale 17 11,916 — — 478 — — — 12,394 TOTAL ASSETS 13,817,295 10,553,211 6,988,670 6,133,009 75,999 22,658 9,401 37,600,243 Deposits and other demand liabilities 18 3,717,926 21,624 896,088 2,914,776 25,136 545 — 7,576,095 Cash in process of being cleared 5b) 231,391 — 182,202 — 10,640 125 — 424,358 Obligations under repurchase agreements 7 212,356 — — 253,650 — — — 466,006 Time deposits and other time liabilities 18 6,233,732 509,868 2,045,906 1,307,928 8 — 1 10,097,443 Financial derivative contracts 8 2,194,964 118,170 540,656 60,400 11,397 — — 2,925,587 Interbank borrowings 19 3,007,242 — 1,721,424 117,239 837 71,681 — 4,918,423 Debt instruments issued 20 888,333 5,094,916 144,078 635,513 — — — 6,762,840 Other financial liabilities 20 42,435 — — — — — — 42,435 Lease contracts liabilities 15 483 86,120 6,778 22,047 — — 116 115,544 Current taxes 16 393 — — 939 — — — 1,332 Deferred taxes 16 — — — — — — — — Provisions 21 158,779 — 2,177 74,391 — — — 235,347 Other liabilities 22 215,662 244,572 190,511 55,889 2,978 — — 709,612 Liabilities directly associated with non-current assets held for sale 22 — — — — — — — — TOTAL LIABILITIES 16,903,696 6,075,270 5,729,820 5,442,772 50,996 72,351 117 34,275,022 Assets (liabilities) net (3,086,401) 4,477,941 1,258,850 690,237 25,003 (49,693) 9,284 3,325,221 (1) Includes transactions denominated in foreign currencies but that are settled in pesos. |
General Information and Summa_4
General Information and Summary of Significant Accounting Policies - Additional Information (Detail) $ in Millions, $ in Millions | 12 Months Ended | ||||||||
Mar. 24, 2022 | Jan. 01, 2022 CLP ($) | Dec. 31, 2022 CLP ($) | Dec. 31, 2021 CLP ($) | Dec. 31, 2022 USD ($) | Jan. 01, 2021 CLP ($) | Dec. 31, 2020 CLP ($) | Jan. 01, 2020 CLP ($) | Dec. 31, 2019 CLP ($) | |
Disclosure of detailed information about business combination [line items] | |||||||||
Assets | $ 40,320,766 | $ 37,600,243 | $ 47,197 | ||||||
Equity | 3,316,915 | 3,247,510 | $ 3,884 | ||||||
Equity | $ 3,411,407 | $ 3,317,789 | $ 3,325,221 | $ 2,381,855 | $ 2,383,335 | $ 3,326,338 | $ 3,326,338 | ||
Percentage of dividend on profit | 30% | 30% | 30% | ||||||
Securities reclassified | 766,612 | ||||||||
Expected impact of initial application of new standards [member] | |||||||||
Disclosure of detailed information about business combination [line items] | |||||||||
Securities reclassified | $ 854,262 | ||||||||
Lifetime expected credit losses [member] | |||||||||
Disclosure of detailed information about business combination [line items] | |||||||||
Recorded allowance for lifetime expected credit losses | 100% | 100% | |||||||
USD [member] | |||||||||
Disclosure of detailed information about business combination [line items] | |||||||||
Closing foreign exchange rate | 854.31 | 844.08 | 854.31 | ||||||
COP [member] | |||||||||
Disclosure of detailed information about business combination [line items] | |||||||||
Closing foreign exchange rate | 0.1761 | 0.2103 | 0.1761 | ||||||
Itau Unibanco [member] | |||||||||
Disclosure of detailed information about business combination [line items] | |||||||||
Total interest owned | 65.62% | ||||||||
Non controlling shareholders [member] | |||||||||
Disclosure of detailed information about business combination [line items] | |||||||||
Total interest owned | 34.38% |
General Information and Summa_5
General Information and Summary of Significant Accounting Policies - Schedule of exercise control (Detail) - shares | 12 Months Ended | |||
Mar. 25, 2022 | Feb. 22, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
Itau Corredores de Bolsa Limitada [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Direct interest owned | 99.987% | 99.99% | ||
Indirect interest owned | 0.013% | 0.01% | ||
Total interest owned | 100% | 100% | ||
Itau Chile Administradora General de Fondos S.A. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Direct interest owned | 99.994% | 99.994% | ||
Indirect interest owned | 0.006% | 0.006% | ||
Total interest owned | 100% | 100% | ||
Itau Corredores de Seguros S.A [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Direct interest owned | 99.99% | 99.99% | ||
Indirect interest owned | 0.01% | 0.01% | ||
Total interest owned | 100% | 100% | ||
Itau Asesorias Financieras S.A. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Direct interest owned | 99.99% | 99.99% | ||
Indirect interest owned | 0.01% | 0.01% | ||
Total interest owned | 100% | 100% | ||
Recaudaciones y Cobranzas Limitada [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Direct interest owned | 99.99% | 99.99% | ||
Indirect interest owned | 0.01% | 0.01% | ||
Total interest owned | 100% | 100% | ||
Itau Corpbanca New York Branch [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Direct interest owned | 100% | 100% | ||
Total interest owned | 100% | 100% | ||
Banco CorpBanca Colombia S.A [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Direct interest owned | 94.99% | 87.10% | ||
Indirect interest owned | 4.472% | |||
Total interest owned | 99.462% | 87.10% | ||
Helm Corredor de Seguros S.A. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Direct interest owned | 94.987% | 79.985% | ||
Indirect interest owned | 5% | |||
Total interest owned | 99.987% | 79.985% | ||
Itau Securities Services Colombia S.A. Sociedad Fiduciaria [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Direct interest owned | 5.499% | 5.499% | ||
Indirect interest owned | 93.992% | 82.31% | ||
Total interest owned | 99.491% | 87.809% | ||
Helm Comisionista de Bolsa S.A. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Direct interest owned | 2.219% | 2.219% | ||
Indirect interest owned | 97.253% | 85.166% | ||
Total interest owned | 99.472% | 87.385% | ||
Helm Fiduciaria S.A. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Indirect interest owned | 99.443% | 87.083% | ||
Total interest owned | 99.443% | 87.083% | ||
Helm Bank Panama S.A. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Indirect interest owned | 99.462% | 87.10% | ||
Total interest owned | 99.462% | 87.10% | ||
Ita Corredor de Seguros Colombia S.A [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
Direct interest owned | 100% | |||
Total interest owned | 100% | |||
Number of shares acquired | 4,800 | |||
Itau Corpbanca Colombia S.A. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Number of shares acquired | 59,554,210 | |||
Itau Corredores de Seguros Colombia S.A. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Number of shares acquired | 3,600 | |||
Itau Holding Colombia S.A.S. [member] | Itau Corpbanca Colombia S.A. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Number of shares acquired | 33,752,474 | |||
Itau Holding Colombia S.A.S. [member] | Itau Corredores de Seguros Colombia S.A. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Number of shares acquired | 1,200 |
General Information and Summa_6
General Information and Summary of Significant Accounting Policies - Schedule of Entities Classified as Associates (Detail) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Nexus S.A [member] | ||
Disclosure of associates [line items] | ||
Entity's share | 14.8148% | |
Transbank S.A | ||
Disclosure of associates [line items] | ||
Entity's share | 8.7188% | 8.7188% |
Combanc S.A. [Member] | ||
Disclosure of associates [line items] | ||
Entity's share | 9.81% | 9.81% |
Imerc OTC S.A. [Member] | ||
Disclosure of associates [line items] | ||
Entity's share | 8.6624% | 8.6624% |
Significant Events - Additional
Significant Events - Additional Information (Detail) $ / shares in Units, CLF in Millions | 6 Months Ended | 12 Months Ended | ||||||||||||||||
Jan. 19, 2023 director shares | Jan. 18, 2023 director | Jul. 14, 2022 shares | Mar. 25, 2022 USD ($) shares | Mar. 24, 2022 CLP ($) director $ / shares shares | Feb. 22, 2022 USD ($) | Jun. 30, 2020 CLP ($) | Dec. 31, 2022 CLP ($) shares | Dec. 31, 2022 USD ($) shares | Dec. 31, 2022 CLP ($) shares | Dec. 31, 2021 CLP ($) $ / shares shares | Dec. 31, 2020 CLP ($) shares | Dec. 31, 2020 CLF shares | Dec. 31, 2019 CLP ($) shares | Sep. 30, 2022 CLP ($) | Jun. 01, 2022 USD ($) | Nov. 30, 2021 | Nov. 05, 2019 | |
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Equity | $ 2,687,951,000,000 | $ 2,687,951,000,000 | $ 2,688,131,000,000 | $ 1,862,826,000,000 | ||||||||||||||
Number of share outstanding | shares | 973,517,871,202 | 973,517,871,202 | 973,517,871,202 | 512,406,760,091 | 512,406,760,091 | |||||||||||||
Loss for the period | $ (443,288,000,000) | $ (273,410,000,000) | $ 808,784,000,000 | |||||||||||||||
Increase bank equity amount | $ (65,000,000) | |||||||||||||||||
Proceeds from issue of ordinary shares | $ 825,305,000,000 | |||||||||||||||||
Share price offered | $ / shares | $ 1.80 | |||||||||||||||||
Percentage of dividend on profit | 30% | 30% | 30% | 30% | ||||||||||||||
Loans and advances to customers | $ 25,711,811,000,000 | $ 25,711,811,000,000 | $ 23,795,548,000,000 | |||||||||||||||
Distribution of dividends | $ 83,341,869,534 | $ 83,342,000,000 | ||||||||||||||||
Dividend per share | $ / shares | $ 0.0856089775 | $ 0.08561 | ||||||||||||||||
Percentage of profit to be retained | 70% | |||||||||||||||||
Number of ordinary shares subscribed and paid | shares | 973,517,871,202 | |||||||||||||||||
Impairments | $ 694,936,000,000 | $ 651,825,000,000 | ||||||||||||||||
Impairment loss recognised in profit or loss, intangible assets other than goodwill | (808,847,000,000) | |||||||||||||||||
Impact of Goodwill Impairment Attributable to Non Controlling Interest | 10,238,000,000 | |||||||||||||||||
Impact of Goodwill Impairment Attributable to Parent | 720,951,000,000 | |||||||||||||||||
Number of regular directors | director | 7 | 11 | 11 | |||||||||||||||
Number of alternate directors | director | 1 | 2 | 2 | |||||||||||||||
Reverse stock split ratio | 4,500 | |||||||||||||||||
Sale of own shares | shares | 10,000 | 0 | 0 | 0 | 0 | 0 | ||||||||||||
Number of additional supporting shares issuable | shares | 216,337,305 | |||||||||||||||||
Operadora de Tarjetas de Crdito Nexus S.A. [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Percentage of shares sold | 100% | |||||||||||||||||
Nexus S.A [member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Equity | $ 8,310,000,000 | |||||||||||||||||
Proportion of ownership interest in associate | 14.8148% | |||||||||||||||||
Chile [member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Impairments | 448,273,000,000 | 412,356,000,000 | ||||||||||||||||
Impairment loss recognised in profit or loss, intangible assets other than goodwill | (448,273,000,000) | |||||||||||||||||
Colombia [member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Impairments | 246,663,000,000 | $ 239,469,000,000 | ||||||||||||||||
Impairment loss recognised in profit or loss, intangible assets other than goodwill | $ (360,574,000,000) | CLF 113,911 | ||||||||||||||||
Itau Corbanca Colombia | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Increase (decrease) in ownership interest | 99.4617% | |||||||||||||||||
MCC S.A. Corredores de Bolsa [member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Percentage of voting equity interests acquired | 100% | 100% | ||||||||||||||||
Transaction price | $ 30,727,453 | |||||||||||||||||
Amount of shares acquired | $ 30,727,453 | |||||||||||||||||
Itau Unibanco Holding S A [member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Percentage of voting equity interests acquired | 65.62% | |||||||||||||||||
Number of shares acquired | shares | 94,077,808,763 | |||||||||||||||||
Itau Corbanca Colombia | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Percentage of voting equity interests acquired | 12.36% | |||||||||||||||||
Amount of shares acquired | $ 414,142,063.65 | |||||||||||||||||
Increase (decrease) in ownership interest | 99.99% | 99.4617% | ||||||||||||||||
Direct interest owned | 94.99% | 94.99% | ||||||||||||||||
Itau Corbanca Colombia | ITA CORPBANCA | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Percentage of voting equity interests acquired | 7.89% | |||||||||||||||||
Itau Corbanca Colombia | Itau Holding Colombia S.A.S. [member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Percentage of voting equity interests acquired | 4.47% | |||||||||||||||||
Ita Corredor de Seguros Colombia S.A [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Percentage of voting equity interests acquired | 20% | 20% | ||||||||||||||||
Number of shares acquired | shares | 4,800 | |||||||||||||||||
Amount of shares acquired | $ 3,188,323 | |||||||||||||||||
Increase (decrease) in ownership interest | 100% | 100% | ||||||||||||||||
Direct interest owned | 100% | 100% | ||||||||||||||||
Ita Corredor de Seguros Colombia S.A [Member] | ITA CORPBANCA | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Percentage of voting equity interests acquired | 15% | |||||||||||||||||
Itau Corredores de Seguros Colombia S.A. [member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Number of shares acquired | shares | 3,600 | |||||||||||||||||
Itau Corredores de Seguros Colombia S.A. [member] | Itau Holding Colombia S.A.S. [member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Percentage of voting equity interests acquired | 5% | |||||||||||||||||
Number of shares acquired | shares | 1,200 | |||||||||||||||||
Minsait Payments Systems Chile S.A. [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Percentage of voting equity interests acquired | 100% | |||||||||||||||||
Transaction price | $ 8,900,682,219 |
Reporting Segments - Schedule o
Reporting Segments - Schedule of Group Operates in Two Main Geographic Areas (Detail) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 CLP ($) item segment | Dec. 31, 2021 CLP ($) | Dec. 31, 2020 CLP ($) | |
Disclosure of geographical areas [line items] | |||
Interest income | $ 3,177,133 | $ 1,687,502 | $ 1,549,674 |
Interest expense | (2,006,666) | (711,195) | (683,237) |
Net interest income | $ 1,170,467 | 976,307 | 866,437 |
Chile [member] | |||
Disclosure of geographical areas [line items] | |||
Number of operating segments | item | 5 | ||
Number of reporting segments | segment | 1 | ||
Interest income | $ 2,668,383 | 1,324,275 | 1,116,943 |
Interest expense | (1,726,924) | (580,997) | (490,729) |
Net interest income | $ 941,459 | 743,278 | 626,214 |
Colombia [member] | |||
Disclosure of geographical areas [line items] | |||
Number of reporting segments | segment | 1 | ||
Interest income | $ 508,750 | 363,227 | 432,731 |
Interest expense | (279,742) | (130,198) | (192,508) |
Net interest income | $ 229,008 | $ 233,029 | $ 240,223 |
Reporting Segments - Schedule_2
Reporting Segments - Schedule of Assets and Liabilities (Detail) $ in Millions, $ in Millions | Dec. 31, 2022 CLP ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 CLP ($) | Dec. 31, 2020 CLP ($) |
Disclosure of geographical areas [line items] | ||||
Cash and deposits in banks | $ 3,058,752 | $ 3,473,392 | $ 3,089,072 | |
Cash items in process of collection | 494,994 | 438,496 | ||
Financial instruments at fair value through profit or loss | 472,283 | 332,724 | ||
Financial instruments at fair value through other comprehensive income | 3,735,290 | 3,660,450 | ||
Loans and accounts receivable at amortized cost and interbank loans | 25,757,933 | 23,876,102 | ||
Investment in associates | 11,584 | 9,152 | ||
Financial instruments at amortized cost | 1,013,943 | 187,455 | ||
Investments under resale agreements | 162,774 | 606,178 | ||
Financial derivative contracts | 3,617,792 | 2,897,803 | ||
Financial derivative contracts held for hedge accounting | 138,548 | 83,123 | ||
Intangible assets | 693,790 | 699,344 | 718,683 | |
Property, plant, and equipment | 60,196 | 71,933 | 80,615 | |
Right of use assets under lease agreements | 89,539 | 110,781 | 146,008 | |
Current taxes | 88,353 | 58,184 | ||
Deferred taxes | 274,612 | 272,211 | ||
Other assets | 629,683 | 810,521 | ||
Other non-current assets held for sale | 20,700 | 12,394 | ||
TOTAL ASSETS | 40,320,766 | $ 47,197 | 37,600,243 | |
LIABILITIES | ||||
Deposits and other demand liabilities | 5,555,185 | 7,576,095 | ||
Cash in process of being cleared | 456,957 | 424,358 | ||
Obligations under repurchase agreements | 354,088 | 466,006 | ||
Time deposits and other time liabilities | 12,703,653 | 10,097,443 | ||
Financial derivative contracts | 3,426,141 | 2,757,342 | ||
Financial derivatives contracts held for hedge accounting | 218,733 | 168,245 | ||
Interbank borrowings | 4,728,323 | 4,918,423 | ||
Debt instruments issued | 6,547,807 | 5,609,795 | ||
Financial instruments of regulatory capital issued | 1,263,169 | 1,153,045 | ||
Other financial liabilities | 359,573 | 42,435 | ||
Lease contracts liabilities | 94,575 | 115,544 | $ 151,885 | |
Current taxes | 77 | 1,332 | ||
Provisions | 287,134 | 235,347 | ||
Other liabilities | 1,007,562 | 709,612 | ||
TOTAL LIABILITIES | 37,002,977 | 34,275,022 | ||
Goodwill generated in business combination | 492,512 | 492,512 | ||
Chile [member] | ||||
Disclosure of geographical areas [line items] | ||||
Cash and deposits in banks | 2,679,389 | 2,867,539 | ||
Cash items in process of collection | 494,501 | 438,149 | ||
Financial instruments at fair value through profit or loss | 275,313 | 91,817 | ||
Financial instruments at fair value through other comprehensive income | 3,348,889 | 3,291,135 | ||
Loans and accounts receivable at amortized cost and interbank loans | 21,944,059 | 19,300,174 | ||
Investment in associates | 15,781 | 9,152 | ||
Financial instruments at amortized cost | 880,026 | |||
Investments under resale agreements | 63,154 | 171,810 | ||
Financial derivative contracts | 3,468,512 | 2,836,215 | ||
Financial derivative contracts held for hedge accounting | 101,418 | 41,754 | ||
Intangible assets | 664,115 | 663,503 | ||
Property, plant, and equipment | 45,554 | 47,139 | ||
Right of use assets under lease agreements | 76,169 | 90,504 | ||
Current taxes | 50,690 | 20,584 | ||
Deferred taxes | 195,583 | 198,698 | ||
Other assets | 558,111 | 738,346 | ||
Other non-current assets held for sale | 12,174 | 7,611 | ||
TOTAL ASSETS | 34,873,438 | 30,814,130 | ||
LIABILITIES | ||||
Deposits and other demand liabilities | 3,771,795 | 4,641,522 | ||
Cash in process of being cleared | 456,948 | 424,358 | ||
Obligations under repurchase agreements | 288,447 | 212,356 | ||
Time deposits and other time liabilities | 11,212,884 | 8,789,515 | ||
Financial derivative contracts | 3,270,449 | 2,693,524 | ||
Financial derivatives contracts held for hedge accounting | 201,590 | 160,267 | ||
Interbank borrowings | 4,068,308 | 4,263,230 | ||
Debt instruments issued | 6,124,805 | 5,027,267 | ||
Financial instruments of regulatory capital issued | 1,070,933 | 955,982 | ||
Other financial liabilities | 359,573 | 42,435 | ||
Lease contracts liabilities | 79,846 | 93,497 | ||
Current taxes | 393 | |||
Provisions | 204,343 | 157,113 | ||
Other liabilities | 912,754 | 614,472 | ||
TOTAL LIABILITIES | 32,022,675 | 28,075,931 | ||
Colombia [member] | ||||
Disclosure of geographical areas [line items] | ||||
Cash and deposits in banks | 379,363 | 605,853 | ||
Cash items in process of collection | 493 | 347 | ||
Financial instruments at fair value through profit or loss | 196,970 | 240,907 | ||
Financial instruments at fair value through other comprehensive income | 386,401 | 369,315 | ||
Loans and accounts receivable at amortized cost and interbank loans | 3,813,874 | 4,575,928 | ||
Investment in associates | (4,197) | |||
Financial instruments at amortized cost | 133,917 | 187,455 | ||
Investments under resale agreements | 99,620 | 434,368 | ||
Financial derivative contracts | 149,280 | 61,588 | ||
Financial derivative contracts held for hedge accounting | 37,130 | 41,369 | ||
Intangible assets | 29,675 | 35,841 | ||
Property, plant, and equipment | 14,642 | 24,794 | ||
Right of use assets under lease agreements | 13,370 | 20,277 | ||
Current taxes | 37,663 | 37,600 | ||
Deferred taxes | 79,029 | 73,513 | ||
Other assets | 71,572 | 72,175 | ||
Other non-current assets held for sale | 8,526 | 4,783 | ||
TOTAL ASSETS | 5,447,328 | 6,786,113 | ||
LIABILITIES | ||||
Deposits and other demand liabilities | 1,783,390 | 2,934,573 | ||
Cash in process of being cleared | 9 | |||
Obligations under repurchase agreements | 65,641 | 253,650 | ||
Time deposits and other time liabilities | 1,490,769 | 1,307,928 | ||
Financial derivative contracts | 155,692 | 63,818 | ||
Financial derivatives contracts held for hedge accounting | 17,143 | 7,978 | ||
Interbank borrowings | 660,015 | 655,193 | ||
Debt instruments issued | 423,002 | 582,528 | ||
Financial instruments of regulatory capital issued | 192,236 | 197,063 | ||
Lease contracts liabilities | 14,729 | 22,047 | ||
Current taxes | 77 | 939 | ||
Provisions | 82,791 | 78,234 | ||
Other liabilities | 94,808 | 95,140 | ||
TOTAL LIABILITIES | $ 4,980,302 | $ 6,199,091 |
Reporting Segments - Schedule_3
Reporting Segments - Schedule of Income (Detail) CLF in Millions, $ in Millions | 6 Months Ended | 12 Months Ended | ||||
Jun. 30, 2020 CLP ($) | Dec. 31, 2022 CLP ($) | Dec. 31, 2021 CLP ($) | Dec. 31, 2020 CLP ($) | Dec. 31, 2020 CLF | Dec. 31, 2019 CLP ($) | |
Disclosure of geographical areas [line items] | ||||||
Net interest income | $ 1,170,467 | $ 976,307 | $ 866,437 | |||
Fee and commissions income and (expenses) | 172,999 | 153,542 | 140,999 | |||
Net income from financial operations | 200,841 | 55,910 | 110,887 | |||
Net foreign exchange gain (loss) | (51,516) | 149,165 | (74,464) | |||
Other operating income | 34,229 | 29,278 | 65,578 | |||
Provision for loan losses | (333,663) | (262,440) | (466,230) | |||
NET OPERATING PROFIT | 1,193,357 | 1,101,762 | 643,207 | |||
Depreciation and amortization | (96,187) | (101,583) | (126,444) | |||
Operating expenses | (686,797) | (608,024) | (1,455,334) | |||
TOTAL OPERATING INCOME (LOSS) | 410,373 | 392,155 | (938,571) | |||
Income (loss) from investments in associates | 2,429 | (287) | (2,794) | |||
Income taxes | 30,558 | (115,631) | 115,210 | |||
TOTAL CONSOLIDATED INCOME (LOSS) FOR THE YEAR | 443,360 | 276,237 | (826,155) | |||
Impairment loss | 814,879 | |||||
Goodwill impairment | $ 694,936 | $ 651,825 | ||||
Impairment loss recognised in profit or loss, intangible assets other than goodwill | (808,847) | |||||
Software Licenses Arrangement [Member] | ||||||
Disclosure of geographical areas [line items] | ||||||
Impairment loss recognised in profit or loss, intangible assets other than goodwill | 38,849 | |||||
Assets generated in business combination [member] | ||||||
Disclosure of geographical areas [line items] | ||||||
Impairment loss recognised in profit or loss, intangible assets other than goodwill | (113,911) | |||||
Chile [member] | ||||||
Disclosure of geographical areas [line items] | ||||||
Net interest income | 941,459 | 743,278 | 626,214 | |||
Fee and commissions income and (expenses) | 141,667 | 123,612 | 108,140 | |||
Net income from financial operations | 162,539 | 11,934 | 25,031 | |||
Net foreign exchange gain (loss) | (30,621) | 169,188 | (20,491) | |||
Other operating income | 23,599 | 15,295 | 16,588 | |||
Provision for loan losses | (269,321) | (184,155) | (310,429) | |||
NET OPERATING PROFIT | 969,322 | 879,152 | 445,053 | |||
Depreciation and amortization | (80,083) | (82,479) | (96,117) | |||
Operating expenses | (490,409) | (420,962) | (896,152) | |||
TOTAL OPERATING INCOME (LOSS) | 398,830 | 375,711 | (547,216) | |||
Income (loss) from investments in associates | 2,429 | (1,610) | (2,794) | |||
Income taxes | 28,728 | (118,366) | 73,965 | |||
TOTAL CONSOLIDATED INCOME (LOSS) FOR THE YEAR | 429,987 | 255,735 | (476,045) | |||
Goodwill impairment | 448,273 | 412,356 | ||||
Impairment loss recognised in profit or loss, intangible assets other than goodwill | (448,273) | |||||
Chile [member] | Software Licenses Arrangement [Member] | ||||||
Disclosure of geographical areas [line items] | ||||||
Impairment loss recognised in profit or loss, intangible assets other than goodwill | 34,524 | |||||
Chile [member] | Fixed assets [member] | ||||||
Disclosure of geographical areas [line items] | ||||||
Impairment | 10,294 | |||||
Colombia [member] | ||||||
Disclosure of geographical areas [line items] | ||||||
Net interest income | 229,008 | 233,029 | 240,223 | |||
Fee and commissions income and (expenses) | 31,332 | 29,930 | 32,859 | |||
Net income from financial operations | 38,302 | 43,976 | 85,856 | |||
Net foreign exchange gain (loss) | (20,895) | (20,023) | (53,973) | |||
Other operating income | 10,630 | 13,983 | 48,990 | |||
Provision for loan losses | (64,342) | (78,285) | (155,801) | |||
NET OPERATING PROFIT | 224,035 | 222,610 | 198,154 | |||
Depreciation and amortization | (16,104) | (19,104) | (30,327) | |||
Operating expenses | (196,388) | (187,062) | (559,182) | |||
TOTAL OPERATING INCOME (LOSS) | 11,543 | 16,444 | (391,355) | |||
Income (loss) from investments in associates | 1,323 | |||||
Income taxes | 1,830 | 2,735 | 41,245 | |||
TOTAL CONSOLIDATED INCOME (LOSS) FOR THE YEAR | $ 13,373 | $ 20,502 | (350,110) | |||
Goodwill impairment | 246,663 | $ 239,469 | ||||
Impairment loss recognised in profit or loss, intangible assets other than goodwill | (360,574) | CLF 113,911 | ||||
Colombia [member] | Software Licenses Arrangement [Member] | ||||||
Disclosure of geographical areas [line items] | ||||||
Impairment loss recognised in profit or loss, intangible assets other than goodwill | $ 4,325 | |||||
Colombia [member] | Assets generated in business combination [member] | ||||||
Disclosure of geographical areas [line items] | ||||||
Impairment loss recognised in profit or loss, intangible assets other than goodwill | $ (113,911) |
Cash and Cash Equivalents - Sch
Cash and Cash Equivalents - Schedule of Balances included under Cash and Cash Equivalents (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Cash and deposits in banks | ||||
Cash | $ 275,172 | $ 294,474 | ||
Deposits in the Central Bank of Chile | 1,284,810 | 1,173,548 | ||
Deposits in local banks | 20,744 | 12,942 | ||
Deposits in foreign banks | 1,478,026 | 1,992,428 | ||
Subtotals cash and deposits in banks | 3,058,752 | 3,473,392 | $ 3,089,072 | |
Cash items in process of collection, net | 38,037 | 14,138 | ||
Highly liquid financial instruments | 1,927,284 | 1,347,463 | ||
Investments under resale agreements | 162,774 | 539,227 | ||
Totals cash and cash equivalents | $ 5,186,847 | $ 5,374,220 | $ 4,506,256 | $ 1,447,939 |
Cash and Cash Equivalents - S_2
Cash and Cash Equivalents - Schedule of Cash in the Process of Collection (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Assets | ||
Documents held by other banks (documents to be cleared) | $ 35,733 | $ 40,302 |
Funds receivable | 459,261 | 398,194 |
Subtotals assets | 494,994 | 438,496 |
Liabilities | ||
Funds payable | 456,957 | 424,358 |
Subtotals liabilities | 456,957 | 424,358 |
Cash items in process of collection, net | $ 38,037 | $ 14,138 |
Financial Instruments at Fair_3
Financial Instruments at Fair Value through Profit or Loss - Schedule of Financial Instruments at Fair Value Through Profit or Loss (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through profit or loss | $ 472,283 | $ 332,724 |
Financial instruments at fair value through profit or loss within three months | 161,019 | 130,421 |
Chilean Central Bank And Government Security [member] | Chilean Central Bank Securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through profit or loss | 160,751 | 50,743 |
Other Chilean securities [member] | Bonds [member] | ||
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through profit or loss | 22,878 | 111 |
Foreign Financial Securities [member] | Bonds [member] | ||
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through profit or loss | 186,925 | 232,083 |
Foreign Financial Securities [member] | Other Securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through profit or loss | 8,824 | |
Investments in mutual funds [member] | Funds managed by related subsidiaries [member] | ||
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through profit or loss | 47,598 | 39,842 |
Financial assets not held for trading valued mandatorily at fair value through profit or loss [member] | Loans originated and acquired by the entity at fair value [Member] | ||
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through profit or loss | 53,206 | |
Other Investment [member] | Other Financial instruments at fair value through profit loss [member] | ||
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through profit or loss | $ 925 | $ 1,121 |
Investments Under Resale Agre_3
Investments Under Resale Agreements and Obligations Under Repurchase Agreements - Schedule of Instruments Acquired Under Agreements to Resell (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of financial assets [line items] | ||
Financial assets purchased agreed to resell | $ 162,774 | $ 606,178 |
Chilean Central Bank and Government Securities [member] | Chilean Central Bank Securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial assets purchased agreed to resell | 12,361 | |
Chilean Central Bank and Government Securities [member] | Government Securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial assets purchased agreed to resell | 55,953 | |
Foreign Institution Securities [member] | Other Foreign Securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial assets purchased agreed to resell | 6,804 | |
Foreign Institution Securities [member] | Chilean Central Bank and Government Securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial assets purchased agreed to resell | 99,620 | 427,565 |
Other Chilean securities [member] | Note [member] | ||
Disclosure of financial assets [line items] | ||
Financial assets purchased agreed to resell | 15,289 | |
Other Chilean securities [member] | Bonds [member] | ||
Disclosure of financial assets [line items] | ||
Financial assets purchased agreed to resell | $ 63,154 | $ 88,206 |
Investments Under Resale Agre_4
Investments Under Resale Agreements and Obligations Under Repurchase Agreements - Schedule of Instruments Acquired Under Agreements to Repurchase (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of financial assets [line items] | ||
Financial instrument sold in agreement to repurchase | $ 354,088 | $ 466,006 |
Other Chilean securities [member] | Bonds [member] | ||
Disclosure of financial assets [line items] | ||
Financial instrument sold in agreement to repurchase | 288,447 | 2,581 |
Foreign Institution Securities [member] | Other Foreign Securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial instrument sold in agreement to repurchase | $ 65,641 | 253,650 |
Chilean Central Bank and Government Securities [member] | Chilean Central Bank Securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial instrument sold in agreement to repurchase | 198,013 | |
Chilean Central Bank and Government Securities [member] | Government Securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial instrument sold in agreement to repurchase | $ 11,762 |
Financial Derivative Contract_3
Financial Derivative Contracts and Hedge Accounting - Schedule of Portfolio of Financial Derivatives Assets (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of detailed information about financial instruments [line items] | ||
Assets | $ 3,756,340 | $ 2,980,926 |
Liabilities | 3,644,874 | 2,925,587 |
Financial derivatives contracts held for trading [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Assets | 3,617,792 | 2,897,803 |
Liabilities | 3,426,141 | 2,757,342 |
Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Assets | 138,548 | 83,123 |
Liabilities | $ 218,733 | $ 168,245 |
Financial Derivative Contract_4
Financial Derivative Contracts and Hedge Accounting - Schedule of Portfolio of Derivative Financial Instruments (Detail) - Derivative financial instruments [member] - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of detailed information about hedged items [line items] | ||
Notional value | $ 57,620,658 | $ 47,712,100 |
Fair Value | 3,617,792 | 2,897,803 |
Currency forwards [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 11,845,314 | 7,043,995 |
Fair Value | 435,849 | 329,284 |
Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 13,621,844 | 9,613,610 |
Fair Value | 1,293,810 | 1,037,007 |
Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 32,118,908 | 31,018,180 |
Fair Value | 1,887,481 | 1,530,863 |
Currency call options [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 34,592 | 36,315 |
Fair Value | 652 | 649 |
Up to one month [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 6,679,031 | 4,018,984 |
Up to one month [member] | Currency forwards [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 5,884,782 | 3,106,279 |
Up to one month [member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 356,267 | 135,709 |
Up to one month [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 435,714 | 773,389 |
Up to one month [member] | Currency call options [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 2,268 | 3,607 |
1 month to 3 months [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 4,895,938 | 3,521,840 |
1 month to 3 months [member] | Currency forwards [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 2,088,158 | 1,840,300 |
1 month to 3 months [member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 794,627 | 277,106 |
1 month to 3 months [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 2,008,610 | 1,392,193 |
1 month to 3 months [member] | Currency call options [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 4,543 | 12,241 |
3 months to 1 year [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 10,921,286 | 6,200,615 |
3 months to 1 year [member] | Currency forwards [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 2,585,223 | 1,360,787 |
3 months to 1 year [member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,785,480 | 1,042,432 |
3 months to 1 year [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 6,526,529 | 3,776,929 |
3 months to 1 year [member] | Currency call options [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 24,054 | 20,467 |
1 - 3 years [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 12,096,617 | 11,852,869 |
1 - 3 years [member] | Currency forwards [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 992,045 | 365,932 |
1 - 3 years [member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 3,610,306 | 2,924,714 |
1 - 3 years [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 7,490,539 | 8,562,223 |
1 - 3 years [member] | Currency call options [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 3,727 | |
3 - 5 years [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 7,463,817 | 9,227,172 |
3 - 5 years [member] | Currency forwards [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 151,944 | 181,959 |
3 - 5 years [member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 2,388,987 | 2,248,282 |
3 - 5 years [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 4,922,886 | 6,796,931 |
More than 5 years [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 15,563,969 | 12,890,620 |
More than 5 years [member] | Currency forwards [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 143,162 | 188,738 |
More than 5 years [member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 4,686,177 | 2,985,367 |
More than 5 years [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | $ 10,734,630 | $ 9,716,515 |
Financial Derivative Contract_5
Financial Derivative Contracts and Hedge Accounting - Schedule of Portfolio of Derivative Financial Instruments for Account Hedging and for Trading Purposes (Detail) - Derivative Financial Instruments Liabilities [member] - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of detailed information about hedged items [line items] | ||
Notional value | $ 53,416,480 | $ 47,053,959 |
Fair Value | 3,426,141 | 2,757,342 |
Currency forwards [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 10,692,918 | 6,679,261 |
Fair Value | 420,494 | 280,574 |
Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 13,110,446 | 8,768,040 |
Fair Value | 1,193,307 | 931,445 |
Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 29,571,845 | 31,588,690 |
Fair Value | 1,811,426 | 1,544,949 |
Currency call options [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 13,200 | 10,160 |
Fair Value | 404 | 343 |
Currency put options [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 28,071 | 7,808 |
Fair Value | 510 | 31 |
Up to one month [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 6,393,526 | 2,788,427 |
Up to one month [member] | Currency forwards [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 5,710,749 | 2,293,451 |
Up to one month [member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 204,361 | 34,012 |
Up to one month [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 474,463 | 456,447 |
Up to one month [member] | Currency call options [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 3,200 | |
Up to one month [member] | Currency put options [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 3,953 | 1,317 |
1 month to 3 months [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 4,546,707 | 4,002,813 |
1 month to 3 months [member] | Currency forwards [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,744,537 | 1,900,241 |
1 month to 3 months [member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 476,390 | 364,081 |
1 month to 3 months [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 2,304,905 | 1,733,475 |
1 month to 3 months [member] | Currency call options [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 13,200 | 2,939 |
1 month to 3 months [member] | Currency put options [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 7,675 | 2,077 |
3 months to 1 year [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 8,825,059 | 6,351,162 |
3 months to 1 year [member] | Currency forwards [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 2,288,184 | 1,607,617 |
3 months to 1 year [member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,631,868 | 859,740 |
3 months to 1 year [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 4,888,564 | 3,875,370 |
3 months to 1 year [member] | Currency call options [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 4,021 | |
3 months to 1 year [member] | Currency put options [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 16,443 | 4,414 |
1 - 3 years [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 11,533,629 | 11,284,012 |
1 - 3 years [member] | Currency forwards [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 721,546 | 585,716 |
1 - 3 years [member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 4,005,297 | 2,423,081 |
1 - 3 years [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 6,806,786 | 8,275,215 |
3 - 5 years [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 7,320,646 | 9,993,476 |
3 - 5 years [member] | Currency forwards [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 93,572 | 84,120 |
3 - 5 years [member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 2,522,025 | 2,524,421 |
3 - 5 years [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 4,705,049 | 7,384,935 |
More than 5 years [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 14,796,913 | 12,634,069 |
More than 5 years [member] | Currency forwards [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 134,330 | 208,116 |
More than 5 years [member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 4,270,505 | 2,562,705 |
More than 5 years [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | $ 10,392,078 | $ 9,863,248 |
Financial Derivative Contract_6
Financial Derivative Contracts and Hedge Accounting - Schedule of Portfolio of Derivative Financial Instruments for Hedge Accounting and Trading Purposes (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | $ 6,374,017 | $ 6,208,863 |
Fair Value Assets | 138,548 | 83,123 |
Fair Value Liabilities | 218,733 | 168,245 |
Fair Value Hedges [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 3,047,494 | 2,341,607 |
Fair Value Hedges [Member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 3,047,494 | 2,341,607 |
Fair Value Assets | 41,517 | 27,020 |
Fair Value Liabilities | 104,109 | 57,554 |
Fair Value Hedges [Member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 87,910 | |
Fair Value Hedges [Member] | Currency Swap Contract [Member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 87,910 | |
Fair Value Assets | 21,415 | |
Fair Value Hedges [Member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 3,047,494 | 2,253,697 |
Fair Value Hedges [Member] | Interest rate swap [member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 3,047,494 | 2,253,697 |
Fair Value Assets | 41,517 | 5,605 |
Fair Value Liabilities | 104,109 | 57,554 |
Cash Flow Hedges [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 3,032,759 | 3,666,106 |
Cash Flow Hedges [Member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 3,032,759 | 3,666,106 |
Fair Value Assets | 68,383 | 56,014 |
Fair Value Liabilities | 112,096 | 90,647 |
Cash Flow Hedges [Member] | Currency forwards [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,655,510 | 3,092,490 |
Cash Flow Hedges [Member] | Currency forwards [Member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,655,510 | 3,092,490 |
Fair Value Assets | 23,764 | 52,833 |
Fair Value Liabilities | 107,423 | 90,431 |
Cash Flow Hedges [Member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 107,200 | 20,931 |
Cash Flow Hedges [Member] | Currency Swap Contract [Member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 107,200 | 20,931 |
Fair Value Assets | 8,865 | |
Fair Value Liabilities | 421 | 151 |
Cash Flow Hedges [Member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,270,049 | 552,685 |
Cash Flow Hedges [Member] | Interest rate swap [member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,270,049 | 552,685 |
Fair Value Assets | 35,754 | 3,181 |
Fair Value Liabilities | 4,252 | 65 |
Hedges of net investment in foreign operations [member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 293,764 | 201,150 |
Fair Value Assets | 28,648 | 89 |
Fair Value Liabilities | 2,528 | 20,044 |
Hedges of net investment in foreign operations [member] | Currency forwards [Member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 293,764 | 201,150 |
Fair Value Assets | 28,648 | 89 |
Fair Value Liabilities | 2,528 | 20,044 |
Up to one month [member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 164,505 | 689,998 |
Up to one month [member] | Fair Value Hedges [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 28,597 | 19,979 |
Up to one month [member] | Fair Value Hedges [Member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 28,597 | 19,979 |
Up to one month [member] | Fair Value Hedges [Member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 28,597 | 19,979 |
Up to one month [member] | Fair Value Hedges [Member] | Interest rate swap [member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 28,597 | 19,979 |
Up to one month [member] | Cash Flow Hedges [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 610,478 | |
Up to one month [member] | Cash Flow Hedges [Member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 610,478 | |
Up to one month [member] | Cash Flow Hedges [Member] | Currency forwards [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 598,478 | |
Up to one month [member] | Cash Flow Hedges [Member] | Currency forwards [Member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 598,478 | |
Up to one month [member] | Cash Flow Hedges [Member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 12,000 | |
Up to one month [member] | Cash Flow Hedges [Member] | Interest rate swap [member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 12,000 | |
Up to one month [member] | Hedges of net investment in foreign operations [member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 135,908 | 59,541 |
Up to one month [member] | Hedges of net investment in foreign operations [member] | Currency forwards [Member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 135,908 | 59,541 |
1 month to 3 months [member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,027,841 | 1,300,022 |
1 month to 3 months [member] | Fair Value Hedges [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 35,316 | |
1 month to 3 months [member] | Fair Value Hedges [Member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 35,316 | |
1 month to 3 months [member] | Fair Value Hedges [Member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 35,316 | |
1 month to 3 months [member] | Fair Value Hedges [Member] | Interest rate swap [member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 35,316 | |
1 month to 3 months [member] | Cash Flow Hedges [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 867,596 | 1,204,559 |
1 month to 3 months [member] | Cash Flow Hedges [Member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 867,596 | 1,204,559 |
1 month to 3 months [member] | Cash Flow Hedges [Member] | Currency forwards [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 867,596 | 1,201,559 |
1 month to 3 months [member] | Cash Flow Hedges [Member] | Currency forwards [Member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 867,596 | 1,201,559 |
1 month to 3 months [member] | Cash Flow Hedges [Member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 3,000 | |
1 month to 3 months [member] | Cash Flow Hedges [Member] | Interest rate swap [member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 3,000 | |
1 month to 3 months [member] | Hedges of net investment in foreign operations [member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 124,929 | 95,463 |
1 month to 3 months [member] | Hedges of net investment in foreign operations [member] | Currency forwards [Member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 124,929 | 95,463 |
3 months to 1 year [member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,768,486 | 1,005,984 |
3 months to 1 year [member] | Fair Value Hedges [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 360,903 | 353,501 |
3 months to 1 year [member] | Fair Value Hedges [Member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 360,903 | 353,501 |
3 months to 1 year [member] | Fair Value Hedges [Member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 87,910 | |
3 months to 1 year [member] | Fair Value Hedges [Member] | Currency Swap Contract [Member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 87,910 | |
3 months to 1 year [member] | Fair Value Hedges [Member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 360,903 | 265,591 |
3 months to 1 year [member] | Fair Value Hedges [Member] | Interest rate swap [member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 360,903 | 265,591 |
3 months to 1 year [member] | Cash Flow Hedges [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,374,656 | 606,337 |
3 months to 1 year [member] | Cash Flow Hedges [Member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,374,656 | 606,337 |
3 months to 1 year [member] | Cash Flow Hedges [Member] | Currency forwards [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 787,914 | 601,337 |
3 months to 1 year [member] | Cash Flow Hedges [Member] | Currency forwards [Member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 787,914 | 601,337 |
3 months to 1 year [member] | Cash Flow Hedges [Member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 58,643 | |
3 months to 1 year [member] | Cash Flow Hedges [Member] | Currency Swap Contract [Member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 58,643 | |
3 months to 1 year [member] | Cash Flow Hedges [Member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 528,099 | 5,000 |
3 months to 1 year [member] | Cash Flow Hedges [Member] | Interest rate swap [member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 528,099 | 5,000 |
3 months to 1 year [member] | Hedges of net investment in foreign operations [member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 32,927 | 46,146 |
3 months to 1 year [member] | Hedges of net investment in foreign operations [member] | Currency forwards [Member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 32,927 | 46,146 |
1 - 3 years [member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,109,111 | 1,601,044 |
1 - 3 years [member] | Fair Value Hedges [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 567,411 | 356,312 |
1 - 3 years [member] | Fair Value Hedges [Member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 567,411 | 356,312 |
1 - 3 years [member] | Fair Value Hedges [Member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 567,411 | 356,312 |
1 - 3 years [member] | Fair Value Hedges [Member] | Interest rate swap [member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 567,411 | 356,312 |
1 - 3 years [member] | Cash Flow Hedges [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 541,700 | 1,244,732 |
1 - 3 years [member] | Cash Flow Hedges [Member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 541,700 | 1,244,732 |
1 - 3 years [member] | Cash Flow Hedges [Member] | Currency forwards [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 691,116 | |
1 - 3 years [member] | Cash Flow Hedges [Member] | Currency forwards [Member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 691,116 | |
1 - 3 years [member] | Cash Flow Hedges [Member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 20,931 | |
1 - 3 years [member] | Cash Flow Hedges [Member] | Currency Swap Contract [Member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 20,931 | |
1 - 3 years [member] | Cash Flow Hedges [Member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 541,700 | 532,685 |
1 - 3 years [member] | Cash Flow Hedges [Member] | Interest rate swap [member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 541,700 | 532,685 |
3 - 5 years [member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 793,286 | 501,158 |
3 - 5 years [member] | Fair Value Hedges [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 593,036 | 501,158 |
3 - 5 years [member] | Fair Value Hedges [Member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 593,036 | 501,158 |
3 - 5 years [member] | Fair Value Hedges [Member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 593,036 | 501,158 |
3 - 5 years [member] | Fair Value Hedges [Member] | Interest rate swap [member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 593,036 | 501,158 |
3 - 5 years [member] | Cash Flow Hedges [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 200,250 | |
3 - 5 years [member] | Cash Flow Hedges [Member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 200,250 | |
3 - 5 years [member] | Cash Flow Hedges [Member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 200,250 | |
3 - 5 years [member] | Cash Flow Hedges [Member] | Interest rate swap [member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 200,250 | |
More than 5 years [member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,510,788 | 1,110,657 |
More than 5 years [member] | Fair Value Hedges [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,462,231 | 1,110,657 |
More than 5 years [member] | Fair Value Hedges [Member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,462,231 | 1,110,657 |
More than 5 years [member] | Fair Value Hedges [Member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,462,231 | 1,110,657 |
More than 5 years [member] | Fair Value Hedges [Member] | Interest rate swap [member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,462,231 | $ 1,110,657 |
More than 5 years [member] | Cash Flow Hedges [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 48,557 | |
More than 5 years [member] | Cash Flow Hedges [Member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 48,557 | |
More than 5 years [member] | Cash Flow Hedges [Member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 48,557 | |
More than 5 years [member] | Cash Flow Hedges [Member] | Currency Swap Contract [Member] | Financial derivatives contracts held for hedge accounting [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | $ 48,557 |
Financial Derivative Contract_7
Financial Derivative Contracts and Hedge Accounting - Schedule of the Hedged Items and the Hedging Instrument at Fair Value (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value used in measuring effectiveness | $ (2) | $ 15 |
Time deposits [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value used in measuring effectiveness | 7 | |
Interbank loans [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value used in measuring effectiveness | (111) | |
Fair Value Hedges [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 3,047,494 | 2,341,607 |
Fair Value Hedges [Member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 87,910 | |
Fair Value Hedges [Member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 3,047,494 | 2,253,697 |
Fair Value Hedges [Member] | Hedged Instruments Net Of Prepayments [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 3,047,494 | 2,341,607 |
Fair Value Hedges [Member] | Commercial and mortgage loans [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 464,522 | |
Fair Value Hedges [Member] | Mortgage loans [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 489,986 | |
Fair Value Hedges [Member] | Time deposits [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 338,123 | 117,369 |
Fair Value Hedges [Member] | Chilean Treasury Bonds [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 470,633 | 280,854 |
Fair Value Hedges [Member] | Current bonds [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,774,216 | 1,365,488 |
Fair Value Hedges [Member] | Interbank loans [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 87,910 | |
Fair Value Hedges [Member] | Up to one month [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 28,597 | 19,979 |
Fair Value Hedges [Member] | Up to one month [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 28,597 | 19,979 |
Fair Value Hedges [Member] | Up to one month [member] | Hedged Instruments Net Of Prepayments [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 28,597 | 19,979 |
Fair Value Hedges [Member] | Up to one month [member] | Commercial and mortgage loans [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 3,591 | |
Fair Value Hedges [Member] | Up to one month [member] | Time deposits [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 25,006 | 19,979 |
Fair Value Hedges [Member] | 1 month to 3 months [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 35,316 | |
Fair Value Hedges [Member] | 1 month to 3 months [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 35,316 | |
Fair Value Hedges [Member] | 1 month to 3 months [member] | Hedged Instruments Net Of Prepayments [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 35,316 | |
Fair Value Hedges [Member] | 1 month to 3 months [member] | Commercial and mortgage loans [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 6,600 | |
Fair Value Hedges [Member] | 1 month to 3 months [member] | Time deposits [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 28,716 | |
Fair Value Hedges [Member] | 3 months to 1 year [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 360,903 | 353,501 |
Fair Value Hedges [Member] | 3 months to 1 year [member] | Currency Swap Contract [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 87,910 | |
Fair Value Hedges [Member] | 3 months to 1 year [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 360,903 | 265,591 |
Fair Value Hedges [Member] | 3 months to 1 year [member] | Hedged Instruments Net Of Prepayments [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 360,903 | 353,501 |
Fair Value Hedges [Member] | 3 months to 1 year [member] | Commercial and mortgage loans [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 83,194 | |
Fair Value Hedges [Member] | 3 months to 1 year [member] | Mortgage loans [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 189,282 | |
Fair Value Hedges [Member] | 3 months to 1 year [member] | Time deposits [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 119,660 | 6,309 |
Fair Value Hedges [Member] | 3 months to 1 year [member] | Chilean Treasury Bonds [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 58,049 | |
Fair Value Hedges [Member] | 3 months to 1 year [member] | Current bonds [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 100,000 | 70,000 |
Fair Value Hedges [Member] | 3 months to 1 year [member] | Interbank loans [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 87,910 | |
Fair Value Hedges [Member] | 1 - 3 years [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 567,411 | 356,312 |
Fair Value Hedges [Member] | 1 - 3 years [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 567,411 | 356,312 |
Fair Value Hedges [Member] | 1 - 3 years [member] | Hedged Instruments Net Of Prepayments [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 567,411 | 356,312 |
Fair Value Hedges [Member] | 1 - 3 years [member] | Commercial and mortgage loans [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 143,247 | |
Fair Value Hedges [Member] | 1 - 3 years [member] | Mortgage loans [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 69,215 | |
Fair Value Hedges [Member] | 1 - 3 years [member] | Time deposits [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 154,633 | 85,802 |
Fair Value Hedges [Member] | 1 - 3 years [member] | Chilean Treasury Bonds [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 224,464 | 77,295 |
Fair Value Hedges [Member] | 1 - 3 years [member] | Current bonds [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 45,067 | 124,000 |
Fair Value Hedges [Member] | 3 - 5 years [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 593,036 | 501,158 |
Fair Value Hedges [Member] | 3 - 5 years [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 593,036 | 501,158 |
Fair Value Hedges [Member] | 3 - 5 years [member] | Hedged Instruments Net Of Prepayments [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 593,036 | 501,158 |
Fair Value Hedges [Member] | 3 - 5 years [member] | Commercial and mortgage loans [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 73,050 | |
Fair Value Hedges [Member] | 3 - 5 years [member] | Mortgage loans [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 4,271 | |
Fair Value Hedges [Member] | 3 - 5 years [member] | Time deposits [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 10,108 | 5,279 |
Fair Value Hedges [Member] | 3 - 5 years [member] | Chilean Treasury Bonds [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 78,013 | 104,211 |
Fair Value Hedges [Member] | 3 - 5 years [member] | Current bonds [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 431,865 | 387,397 |
Fair Value Hedges [Member] | More than 5 years [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,462,231 | 1,110,657 |
Fair Value Hedges [Member] | More than 5 years [member] | Interest rate swap [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,462,231 | 1,110,657 |
Fair Value Hedges [Member] | More than 5 years [member] | Hedged Instruments Net Of Prepayments [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,462,231 | 1,110,657 |
Fair Value Hedges [Member] | More than 5 years [member] | Commercial and mortgage loans [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 154,840 | |
Fair Value Hedges [Member] | More than 5 years [member] | Mortgage loans [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 227,218 | |
Fair Value Hedges [Member] | More than 5 years [member] | Chilean Treasury Bonds [Member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 110,107 | 99,348 |
Fair Value Hedges [Member] | More than 5 years [member] | Current bonds [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | $ 1,197,284 | $ 784,091 |
Financial Derivative Contract_8
Financial Derivative Contracts and Hedge Accounting - Schedule of Forecasted Cash Flows by Interest Rate Risk, Fair Value Hedges (Detail) - Fair Value Hedges [Member] - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of detailed information about hedged items [line items] | ||
Notional value | $ 3,047,494 | $ 2,341,607 |
Up to one month [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 28,597 | 19,979 |
1 month to 3 months [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 35,316 | |
3 months to 1 year [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 360,903 | 353,501 |
1 - 3 years [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 567,411 | 356,312 |
3 - 5 years [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 593,036 | 501,158 |
More than 5 years [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,462,231 | 1,110,657 |
Interest rate risk [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (263,910) | (264,454) |
Interest rate risk [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 263,910 | 264,454 |
Interest rate risk [member] | Inflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 259,146 | 54,093 |
Interest rate risk [member] | Inflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 523,056 | 318,547 |
Interest rate risk [member] | Outflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (523,056) | (318,547) |
Interest rate risk [member] | Outflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (259,146) | (54,093) |
Interest rate risk [member] | Up to one month [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (25,376) | (19,846) |
Interest rate risk [member] | Up to one month [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 25,376 | 19,846 |
Interest rate risk [member] | Up to one month [member] | Inflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,332 | 1,169 |
Interest rate risk [member] | Up to one month [member] | Inflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 26,708 | 21,015 |
Interest rate risk [member] | Up to one month [member] | Outflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (26,708) | (21,015) |
Interest rate risk [member] | Up to one month [member] | Outflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (1,332) | (1,169) |
Interest rate risk [member] | 1 month to 3 months [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (29,195) | (2,230) |
Interest rate risk [member] | 1 month to 3 months [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 29,195 | 2,230 |
Interest rate risk [member] | 1 month to 3 months [member] | Inflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 4,042 | 1,019 |
Interest rate risk [member] | 1 month to 3 months [member] | Inflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 33,237 | 3,249 |
Interest rate risk [member] | 1 month to 3 months [member] | Outflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (33,237) | (3,249) |
Interest rate risk [member] | 1 month to 3 months [member] | Outflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (4,042) | (1,019) |
Interest rate risk [member] | 3 months to 1 year [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (124,086) | (98,980) |
Interest rate risk [member] | 3 months to 1 year [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 124,086 | 98,980 |
Interest rate risk [member] | 3 months to 1 year [member] | Inflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 14,527 | 9,989 |
Interest rate risk [member] | 3 months to 1 year [member] | Inflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 138,613 | 108,969 |
Interest rate risk [member] | 3 months to 1 year [member] | Outflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (138,613) | (108,969) |
Interest rate risk [member] | 3 months to 1 year [member] | Outflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (14,527) | (9,989) |
Interest rate risk [member] | 1 - 3 years [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (34,245) | (96,715) |
Interest rate risk [member] | 1 - 3 years [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 34,245 | 96,715 |
Interest rate risk [member] | 1 - 3 years [member] | Inflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 169,279 | 21,226 |
Interest rate risk [member] | 1 - 3 years [member] | Inflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 203,524 | 117,941 |
Interest rate risk [member] | 1 - 3 years [member] | Outflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (203,524) | (117,941) |
Interest rate risk [member] | 1 - 3 years [member] | Outflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (169,279) | (21,226) |
Interest rate risk [member] | 3 - 5 years [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (16,962) | (15,010) |
Interest rate risk [member] | 3 - 5 years [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 16,962 | 15,010 |
Interest rate risk [member] | 3 - 5 years [member] | Inflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 32,793 | 17,109 |
Interest rate risk [member] | 3 - 5 years [member] | Inflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 49,755 | 32,119 |
Interest rate risk [member] | 3 - 5 years [member] | Outflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (49,755) | (32,119) |
Interest rate risk [member] | 3 - 5 years [member] | Outflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (32,793) | (17,109) |
Interest rate risk [member] | More than 5 years [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (34,046) | (31,673) |
Interest rate risk [member] | More than 5 years [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 34,046 | 31,673 |
Interest rate risk [member] | More than 5 years [member] | Inflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 37,173 | 3,581 |
Interest rate risk [member] | More than 5 years [member] | Inflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 71,219 | 35,254 |
Interest rate risk [member] | More than 5 years [member] | Outflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (71,219) | (35,254) |
Interest rate risk [member] | More than 5 years [member] | Outflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | $ (37,173) | $ (3,581) |
Financial Derivative Contract_9
Financial Derivative Contracts and Hedge Accounting - Schedule of Nominal Values of the Hedged Item (Detail) $ in Millions, $ in Millions | 12 Months Ended | |||
Dec. 31, 2022 CLP ($) | Dec. 31, 2021 CLP ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | |
Disclosure of detailed information about hedged items [line items] | ||||
Change in fair value used in measuring effectiveness | $ (2) | $ 15 | ||
Commercial loans [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Change in fair value used in measuring effectiveness | (2) | 119 | ||
Time deposits [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Change in fair value used in measuring effectiveness | 7 | |||
Interbank loans [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Change in fair value used in measuring effectiveness | (111) | |||
Cash Flow Hedges [Member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 3,032,759 | 3,666,106 | ||
Cash Flow Hedges [Member] | Currency forwards [Member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 1,655,510 | 3,092,490 | ||
Cash Flow Hedges [Member] | Currency Swap Contract [Member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 107,200 | 20,931 | ||
Cash Flow Hedges [Member] | Interest rate swap [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 1,270,049 | 552,685 | ||
Cash Flow Hedges [Member] | Loans [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 1,283,306 | 2,237,603 | ||
Cash Flow Hedges [Member] | Commercial loans [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 537,200 | 20,000 | ||
Cash Flow Hedges [Member] | Time deposits [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 709,234 | 504,484 | ||
Cash Flow Hedges [Member] | Current bonds [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 72,172 | 28,201 | ||
Cash Flow Hedges [Member] | Interbank loans [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 415,439 | 349,619 | ||
Cash Flow Hedges [Member] | Payment in USD [Member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | $ 15,408 | $ 526,199 | ||
Cash Flow Hedges [Member] | Up to one month [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 610,478 | |||
Cash Flow Hedges [Member] | Up to one month [member] | Currency forwards [Member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 598,478 | |||
Cash Flow Hedges [Member] | Up to one month [member] | Interest rate swap [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 12,000 | |||
Cash Flow Hedges [Member] | Up to one month [member] | Loans [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 337,810 | |||
Cash Flow Hedges [Member] | Up to one month [member] | Commercial loans [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 12,000 | |||
Cash Flow Hedges [Member] | Up to one month [member] | Interbank loans [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 7,444 | |||
Cash Flow Hedges [Member] | Up to one month [member] | Payment in USD [Member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 253,224 | |||
Cash Flow Hedges [Member] | 1 month to 3 months [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 867,596 | 1,204,559 | ||
Cash Flow Hedges [Member] | 1 month to 3 months [member] | Currency forwards [Member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 867,596 | 1,201,559 | ||
Cash Flow Hedges [Member] | 1 month to 3 months [member] | Interest rate swap [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 3,000 | |||
Cash Flow Hedges [Member] | 1 month to 3 months [member] | Loans [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 847,930 | 898,760 | ||
Cash Flow Hedges [Member] | 1 month to 3 months [member] | Commercial loans [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 3,000 | |||
Cash Flow Hedges [Member] | 1 month to 3 months [member] | Interbank loans [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 14,896 | 29,824 | ||
Cash Flow Hedges [Member] | 1 month to 3 months [member] | Payment in USD [Member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 4,770 | $ 272,975 | ||
Cash Flow Hedges [Member] | 3 months to 1 year [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 1,374,656 | 606,337 | ||
Cash Flow Hedges [Member] | 3 months to 1 year [member] | Currency forwards [Member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 787,914 | 601,337 | ||
Cash Flow Hedges [Member] | 3 months to 1 year [member] | Currency Swap Contract [Member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 58,643 | |||
Cash Flow Hedges [Member] | 3 months to 1 year [member] | Interest rate swap [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 528,099 | 5,000 | ||
Cash Flow Hedges [Member] | 3 months to 1 year [member] | Loans [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 435,376 | 309,917 | ||
Cash Flow Hedges [Member] | 3 months to 1 year [member] | Commercial loans [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 5,000 | |||
Cash Flow Hedges [Member] | 3 months to 1 year [member] | Time deposits [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 504,484 | |||
Cash Flow Hedges [Member] | 3 months to 1 year [member] | Current bonds [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 23,615 | |||
Cash Flow Hedges [Member] | 3 months to 1 year [member] | Interbank loans [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 400,543 | 291,420 | ||
Cash Flow Hedges [Member] | 3 months to 1 year [member] | Payment in USD [Member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | $ 10,638 | |||
Cash Flow Hedges [Member] | 1 - 3 years [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 541,700 | 1,244,732 | ||
Cash Flow Hedges [Member] | 1 - 3 years [member] | Currency forwards [Member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 691,116 | |||
Cash Flow Hedges [Member] | 1 - 3 years [member] | Currency Swap Contract [Member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 20,931 | |||
Cash Flow Hedges [Member] | 1 - 3 years [member] | Interest rate swap [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 541,700 | 532,685 | ||
Cash Flow Hedges [Member] | 1 - 3 years [member] | Loans [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 691,116 | |||
Cash Flow Hedges [Member] | 1 - 3 years [member] | Commercial loans [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 447,200 | |||
Cash Flow Hedges [Member] | 1 - 3 years [member] | Time deposits [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 94,500 | 504,484 | ||
Cash Flow Hedges [Member] | 1 - 3 years [member] | Current bonds [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 28,201 | |||
Cash Flow Hedges [Member] | 1 - 3 years [member] | Interbank loans [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | $ 20,931 | |||
Cash Flow Hedges [Member] | 3 - 5 years [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 200,250 | |||
Cash Flow Hedges [Member] | 3 - 5 years [member] | Interest rate swap [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 200,250 | |||
Cash Flow Hedges [Member] | 3 - 5 years [member] | Commercial loans [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 90,000 | |||
Cash Flow Hedges [Member] | 3 - 5 years [member] | Time deposits [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 110,250 | |||
Cash Flow Hedges [Member] | More than 5 years [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 48,557 | |||
Cash Flow Hedges [Member] | More than 5 years [member] | Currency Swap Contract [Member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | 48,557 | |||
Cash Flow Hedges [Member] | More than 5 years [member] | Current bonds [member] | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Notional value | $ 48,557 |
Financial Derivative Contrac_10
Financial Derivative Contracts and Hedge Accounting - Schedule of Forecasted Cash Flows by Interest Rate Risk, Cash Flow Hedges (Detail) - Cash Flow Hedges [Member] - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of detailed information about hedged items [line items] | ||
Notional value | $ 3,032,759 | $ 3,666,106 |
Up to one month [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 610,478 | |
1 month to 3 months [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 867,596 | 1,204,559 |
3 months to 1 year [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,374,656 | 606,337 |
1 - 3 years [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 541,700 | 1,244,732 |
3 - 5 years [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 200,250 | |
More than 5 years [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 48,557 | |
Interest rate risk [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (390,969) | (333,410) |
Interest rate risk [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 390,969 | 333,410 |
Interest rate risk [member] | Inflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 194,708 | 92,338 |
Interest rate risk [member] | Inflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 585,677 | 425,748 |
Interest rate risk [member] | Outflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (585,677) | (425,748) |
Interest rate risk [member] | Outflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (194,708) | (92,338) |
Interest rate risk [member] | Up to one month [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,881 | (1,092) |
Interest rate risk [member] | Up to one month [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (1,881) | 1,092 |
Interest rate risk [member] | Up to one month [member] | Inflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 1,881 | 7,593 |
Interest rate risk [member] | Up to one month [member] | Inflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 8,685 | |
Interest rate risk [member] | Up to one month [member] | Outflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (8,685) | |
Interest rate risk [member] | Up to one month [member] | Outflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (1,881) | (7,593) |
Interest rate risk [member] | 1 month to 3 months [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 26,957 | (7,225) |
Interest rate risk [member] | 1 month to 3 months [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (26,957) | 7,225 |
Interest rate risk [member] | 1 month to 3 months [member] | Inflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 46,623 | 25,692 |
Interest rate risk [member] | 1 month to 3 months [member] | Inflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 19,666 | 32,917 |
Interest rate risk [member] | 1 month to 3 months [member] | Outflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (19,666) | (32,917) |
Interest rate risk [member] | 1 month to 3 months [member] | Outflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (46,623) | (25,692) |
Interest rate risk [member] | 3 months to 1 year [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (415,023) | (275,785) |
Interest rate risk [member] | 3 months to 1 year [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 415,023 | 275,785 |
Interest rate risk [member] | 3 months to 1 year [member] | Inflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 70,074 | 15,635 |
Interest rate risk [member] | 3 months to 1 year [member] | Inflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 485,097 | 291,420 |
Interest rate risk [member] | 3 months to 1 year [member] | Outflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (485,097) | (291,420) |
Interest rate risk [member] | 3 months to 1 year [member] | Outflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (70,074) | (15,635) |
Interest rate risk [member] | 1 - 3 years [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 37,961 | (49,308) |
Interest rate risk [member] | 1 - 3 years [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (37,961) | 49,308 |
Interest rate risk [member] | 1 - 3 years [member] | Inflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 63,596 | 43,418 |
Interest rate risk [member] | 1 - 3 years [member] | Inflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 25,635 | 92,726 |
Interest rate risk [member] | 1 - 3 years [member] | Outflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (25,635) | (92,726) |
Interest rate risk [member] | 1 - 3 years [member] | Outflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (63,596) | $ (43,418) |
Interest rate risk [member] | 3 - 5 years [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 5,812 | |
Interest rate risk [member] | 3 - 5 years [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (5,812) | |
Interest rate risk [member] | 3 - 5 years [member] | Inflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 12,534 | |
Interest rate risk [member] | 3 - 5 years [member] | Inflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 6,722 | |
Interest rate risk [member] | 3 - 5 years [member] | Outflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (6,722) | |
Interest rate risk [member] | 3 - 5 years [member] | Outflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (12,534) | |
Interest rate risk [member] | More than 5 years [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | (48,557) | |
Interest rate risk [member] | More than 5 years [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 48,557 | |
Interest rate risk [member] | More than 5 years [member] | Inflows [member] | Increase (decrease) in hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 48,557 | |
Interest rate risk [member] | More than 5 years [member] | Outflows [member] | Increase (decrease) in hedged items [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | $ (48,557) |
Financial Derivative Contrac_11
Financial Derivative Contracts and Hedge Accounting - Schedule of Effective Portion Generated by Cash Flow Derivatives Recorded in Statement of Changes in Equity (Detail) $ in Millions, $ in Millions | 12 Months Ended | |||
Dec. 31, 2022 CLP ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 CLP ($) | Dec. 31, 2021 USD ($) | |
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items] | ||||
Effective Portion | $ 16,287 | $ 802 | $ 92,632 | $ 89,644 |
Ineffective Portion | (2) | 15 | ||
Loans [member] | ||||
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items] | ||||
Effective Portion | 2,676 | (19,337) | ||
Commercial loans [member] | ||||
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items] | ||||
Effective Portion | (925) | (67) | ||
Ineffective Portion | (2) | 119 | ||
Time deposits [member] | ||||
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items] | ||||
Effective Portion | 15,455 | 2,953 | ||
Ineffective Portion | 7 | |||
Current bonds [member] | ||||
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items] | ||||
Effective Portion | (852) | (197) | ||
Interbank loans [member] | ||||
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items] | ||||
Effective Portion | $ (869) | 19,636 | ||
Ineffective Portion | $ (111) |
Financial Derivative Contrac_12
Financial Derivative Contracts and Hedge Accounting - Schedule of the Income Generated by Cash Flow Hedge Derivatives (Detail) $ in Millions, $ in Millions | 12 Months Ended | |||
Dec. 31, 2022 CLP ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 CLP ($) | Dec. 31, 2021 USD ($) | |
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items] | ||||
Effect of reclassification adjustments on cash flow hedges | $ 25,753 | $ 60,923 | $ (69,914) | $ (88,762) |
Loans [member] | ||||
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items] | ||||
Effect of reclassification adjustments on cash flow hedges | (22,013) | 18,810 | ||
Commercial loans [member] | ||||
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items] | ||||
Effect of reclassification adjustments on cash flow hedges | 859 | 1,721 | ||
Time deposits [member] | ||||
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items] | ||||
Effect of reclassification adjustments on cash flow hedges | (13,772) | $ (1,683) | ||
Current bonds [member] | ||||
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items] | ||||
Effect of reclassification adjustments on cash flow hedges | 2,085 | |||
Interbank loans [member] | ||||
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items] | ||||
Effect of reclassification adjustments on cash flow hedges | $ (2,329) |
Financial Derivative Contrac_13
Financial Derivative Contracts and Hedge Accounting - Additional Information (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of detailed information about hedged items [line items] | |||
Gain or loss of the hedging instrument, effective recognized in equity | $ (102,108) | $ (97,968) | $ (27,763) |
Hedges of net investment in foreign operations [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Gain or loss of the hedging instrument, effective recognized in equity | $ 25,747 | $ 63,339 |
Financial Derivative Contrac_14
Financial Derivative Contracts and Hedge Accounting - Gains or Losses on Hedge of Net Investment in Foreign Operations that have been Recognized in Other Comprehensive Income and Accumulated in Equity (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about hedges [line items] | |||
Beginning balance | $ (97,968) | $ (27,763) | |
Gains (losses) on hedge of net investment in foreign operation, before tax | (42,102) | (26,422) | $ 80,722 |
Ending balances | (102,108) | (97,968) | $ (27,763) |
Hedges of net investment in foreign operations [member] | |||
Disclosure of detailed information about hedges [line items] | |||
Beginning balance | 63,339 | ||
Ending balances | $ 25,747 | $ 63,339 |
Financial Derivative Contrac_15
Financial Derivative Contracts and Hedge Accounting - Schedule of Hedge Net Investment in Itau Corpbanca Colombia (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of detailed information about hedged items [line items] | ||
Change in fair value used in measuring effectiveness | $ (2) | $ 15 |
Investment In Foreign Operation [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 294,077 | 201,150 |
Effective Portion | (41,717) | (38,014) |
Hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 293,764 | 201,150 |
Effective Portion | (40,500) | (38,014) |
Foreign currency forwards [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 293,764 | 201,150 |
Effective Portion | (40,500) | (38,014) |
Up to one month [member] | Investment In Foreign Operation [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 109,110 | 59,541 |
Up to one month [member] | Hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 135,908 | 59,541 |
Up to one month [member] | Foreign currency forwards [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 135,908 | 59,541 |
1 month to 3 months [member] | Investment In Foreign Operation [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 109,422 | 95,463 |
1 month to 3 months [member] | Hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 124,929 | 95,463 |
1 month to 3 months [member] | Foreign currency forwards [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 124,929 | 95,463 |
3 months to 1 year [member] | Investment In Foreign Operation [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 46,146 | |
3 months to 1 year [member] | Hedging instrument [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 32,927 | 46,146 |
3 months to 1 year [member] | Foreign currency forwards [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 32,927 | 46,146 |
More than 5 years [member] | Investment In Foreign Operation [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 75,545 | |
New York Branch [member] | Investment In Foreign Operation [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 218,532 | 201,150 |
Effective Portion | (39,023) | (38,014) |
New York Branch [member] | Up to one month [member] | Investment In Foreign Operation [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 109,110 | 59,541 |
New York Branch [member] | 1 month to 3 months [member] | Investment In Foreign Operation [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 109,422 | 95,463 |
New York Branch [member] | 3 months to 1 year [member] | Investment In Foreign Operation [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | $ 46,146 | |
Colombia Branch [member] | Investment In Foreign Operation [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | 75,545 | |
Effective Portion | (2,694) | |
Colombia Branch [member] | More than 5 years [member] | Investment In Foreign Operation [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Notional value | $ 75,545 |
Interbank Loans at amortized _3
Interbank Loans at amortized cost - Schedule of Interbank Loans, Net (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of financial assets [line items] | |||
Allowances for loans losses | $ (937,994) | $ (978,754) | |
Loans and receivables from banks | 46,122 | 80,554 | |
Interbank loans [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (319) | (353) | |
Foreign Banks [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (319) | (353) | $ (10) |
Loans and receivables from banks | 46,122 | 80,554 | |
Inter banks cash loans [member] | Foreign Banks [member] | |||
Disclosure of financial assets [line items] | |||
Loans and receivables from banks | $ 80,907 | ||
Loans to foreign banks [member] | Foreign Banks [member] | |||
Disclosure of financial assets [line items] | |||
Loans and receivables from banks | $ 46,441 |
Interbank Loans at amortized _4
Interbank Loans at amortized cost - Schedule of Movements in Provisions and Impairment for Loans with Domestic and Foreign Banks (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Provisions And Impairment For Loans With Domestic And Foreign Banks [line items] | ||
Opening balance | $ (978,754) | |
Changes in the allowances | ||
Ending balance | (937,994) | $ (978,754) |
Interbank loans [member] | ||
Disclosure Of Provisions And Impairment For Loans With Domestic And Foreign Banks [line items] | ||
Opening balance | (353) | |
Changes in the allowances | ||
Ending balance | (319) | (353) |
Foreign Banks [member] | ||
Disclosure Of Provisions And Impairment For Loans With Domestic And Foreign Banks [line items] | ||
Opening balance | (353) | (10) |
Changes in the allowances | ||
- Increases due to change in credit risk | (313) | (695) |
- Decreases due to change in credit risk | 296 | 388 |
Foreign exchange and other movements | 51 | (36) |
Ending balance | (319) | (353) |
Foreign Banks [member] | Stage 1 12-Month ECL [member] | ||
Disclosure Of Provisions And Impairment For Loans With Domestic And Foreign Banks [line items] | ||
Opening balance | (353) | (10) |
Changes in the allowances | ||
- Increases due to change in credit risk | (313) | (695) |
- Decreases due to change in credit risk | 296 | 388 |
Foreign exchange and other movements | 51 | (36) |
Ending balance | $ (319) | $ (353) |
Loans and Accounts Receivable_3
Loans and Accounts Receivable From Customers - Schedule of Composition of Loan Portfolio (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of financial assets [line items] | |||
Allowances for loans losses | $ (937,994) | $ (978,754) | |
Net carrying amount | 25,711,811 | 23,795,548 | |
Collateral held permitted to be sold or repledged in absence of default by owner of collateral, at fair value | 2,401,690 | 1,946,822 | |
Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 26,607,785 | 24,743,360 | $ 22,617,981 |
Gross assets [member] | Individually assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 1,044,996 | 1,196,769 | 1,088,954 |
Gross assets [member] | Collectively assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 25,562,789 | 23,546,591 | 21,529,027 |
Allowances for loan losses [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (895,974) | (947,812) | |
Allowances for loan losses [member] | Individually assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (146,350) | (256,091) | |
Allowances for loan losses [member] | Collectively assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (749,624) | (691,721) | |
Commercial loans [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (521,199) | (681,029) | (747,617) |
Net carrying amount | 15,935,822 | 14,991,641 | |
Commercial loans [member] | Commercial loans [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 12,368,467 | 12,066,715 | |
Commercial loans [member] | Foreign trade loans [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 1,658,667 | 1,140,822 | |
Commercial loans [member] | Checking account debtors [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 106,408 | 64,141 | |
Commercial loans [member] | Factoring transactions [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 342,814 | 238,407 | |
Commercial loans [member] | Student loans [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 534,008 | 530,653 | |
Commercial loans [member] | Leasing transactions [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 925,458 | 929,990 | |
Commercial loans [member] | Other Commercial Loans and Receivables [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 20,913 | ||
Commercial loans [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 16,457,021 | 15,672,670 | 14,808,799 |
Commercial loans [member] | Gross assets [member] | Commercial loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 12,798,454 | 12,664,323 | |
Commercial loans [member] | Gross assets [member] | Foreign trade loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 1,692,494 | 1,168,577 | |
Commercial loans [member] | Gross assets [member] | Checking account debtors [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 117,197 | 70,461 | |
Commercial loans [member] | Gross assets [member] | Factoring transactions [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 350,952 | 243,667 | |
Commercial loans [member] | Gross assets [member] | Student loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 554,513 | 554,096 | |
Commercial loans [member] | Gross assets [member] | Leasing transactions [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 943,411 | 948,807 | |
Commercial loans [member] | Gross assets [member] | Other Commercial Loans and Receivables [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 22,739 | ||
Commercial loans [member] | Gross assets [member] | Individually assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 1,044,996 | 1,196,769 | 1,088,954 |
Commercial loans [member] | Gross assets [member] | Collectively assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 15,412,025 | 14,475,901 | 13,719,845 |
Commercial loans [member] | Allowances for loan losses [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (521,199) | (681,029) | |
Commercial loans [member] | Allowances for loan losses [member] | Commercial loans [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (429,987) | (597,608) | |
Commercial loans [member] | Allowances for loan losses [member] | Foreign trade loans [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (33,827) | (27,755) | |
Commercial loans [member] | Allowances for loan losses [member] | Checking account debtors [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (10,789) | (6,320) | |
Commercial loans [member] | Allowances for loan losses [member] | Factoring transactions [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (8,138) | (5,260) | |
Commercial loans [member] | Allowances for loan losses [member] | Student loans [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (20,505) | (23,443) | |
Commercial loans [member] | Allowances for loan losses [member] | Leasing transactions [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (17,953) | (18,817) | |
Commercial loans [member] | Allowances for loan losses [member] | Other Commercial Loans and Receivables [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (1,826) | ||
Commercial loans [member] | Allowances for loan losses [member] | Individually assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (146,350) | (256,091) | |
Commercial loans [member] | Allowances for loan losses [member] | Individually assessed for credit losses [member] | Commercial loans [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (146,350) | (256,091) | |
Commercial loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (374,849) | (424,938) | |
Commercial loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Commercial loans [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (283,637) | (341,517) | |
Commercial loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Foreign trade loans [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (33,827) | (27,755) | |
Commercial loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Checking account debtors [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (10,789) | (6,320) | |
Commercial loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Factoring transactions [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (8,138) | (5,260) | |
Commercial loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Student loans [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (20,505) | (23,443) | |
Commercial loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Leasing transactions [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (17,953) | (18,817) | |
Commercial loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Other Commercial Loans and Receivables [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (1,826) | ||
Mortgages loans [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (100,844) | (77,298) | (73,465) |
Net carrying amount | 6,929,766 | 6,167,673 | |
Mortgages loans [member] | Loans with mortgage finance bonds [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 13,106 | 18,291 | |
Mortgages loans [member] | Endorsable mutual mortgage loans [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 73,801 | 77,847 | |
Mortgages loans [member] | Other mutual mortgage loans [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 6,531,814 | 5,713,703 | |
Mortgages loans [member] | Mortgage leasing transactions [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 265,177 | 301,553 | |
Mortgages loans [member] | Other mortgage loans and receivables [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 45,868 | 56,279 | |
Mortgages loans [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 7,030,610 | 6,244,971 | |
Mortgages loans [member] | Gross assets [member] | Loans with mortgage finance bonds [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 13,368 | 18,563 | |
Mortgages loans [member] | Gross assets [member] | Endorsable mutual mortgage loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 75,536 | 78,637 | |
Mortgages loans [member] | Gross assets [member] | Other mutual mortgage loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 6,620,099 | 5,777,121 | |
Mortgages loans [member] | Gross assets [member] | Mortgage leasing transactions [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 274,536 | 313,167 | |
Mortgages loans [member] | Gross assets [member] | Other mortgage loans and receivables [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 47,071 | 57,483 | |
Mortgages loans [member] | Gross assets [member] | Collectively assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 7,030,610 | 6,244,971 | 5,316,753 |
Mortgages loans [member] | Allowances for loan losses [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (100,844) | (77,298) | |
Mortgages loans [member] | Allowances for loan losses [member] | Loans with mortgage finance bonds [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (262) | (272) | |
Mortgages loans [member] | Allowances for loan losses [member] | Endorsable mutual mortgage loans [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (1,735) | (790) | |
Mortgages loans [member] | Allowances for loan losses [member] | Other mutual mortgage loans [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (88,285) | (63,418) | |
Mortgages loans [member] | Allowances for loan losses [member] | Mortgage leasing transactions [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (9,359) | (11,614) | |
Mortgages loans [member] | Allowances for loan losses [member] | Other mortgage loans and receivables [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (1,203) | (1,204) | |
Mortgages loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (100,844) | (77,298) | |
Mortgages loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Loans with mortgage finance bonds [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (262) | (272) | |
Mortgages loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Endorsable mutual mortgage loans [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (1,735) | (790) | |
Mortgages loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Other mutual mortgage loans [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (88,285) | (63,418) | |
Mortgages loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Mortgage leasing transactions [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (9,359) | (11,614) | |
Mortgages loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Other mortgage loans and receivables [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (1,203) | (1,204) | |
Consumer loans [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (273,931) | (189,485) | |
Net carrying amount | 2,846,223 | 2,636,234 | |
Consumer loans [member] | Other Commercial Loans and Receivables [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 32,768 | 34,516 | |
Consumer loans [member] | Installment consumer loans [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 1,961,911 | 1,914,901 | |
Consumer loans [member] | Checking account debtors [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 130,259 | 101,365 | |
Consumer loans [member] | Credit card balances [Member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 720,660 | 584,714 | |
Consumer loans [member] | Consumer leasing transactions [member] | |||
Disclosure of financial assets [line items] | |||
Net carrying amount | 625 | 738 | |
Consumer loans [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 3,120,154 | 2,825,719 | |
Consumer loans [member] | Gross assets [member] | Other Commercial Loans and Receivables [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 36,001 | 37,167 | |
Consumer loans [member] | Gross assets [member] | Installment consumer loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 2,176,507 | 2,069,548 | |
Consumer loans [member] | Gross assets [member] | Checking account debtors [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 143,491 | 109,143 | |
Consumer loans [member] | Gross assets [member] | Credit card balances [Member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 763,486 | 609,078 | |
Consumer loans [member] | Gross assets [member] | Consumer leasing transactions [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 669 | 783 | |
Consumer loans [member] | Gross assets [member] | Collectively assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 3,120,154 | 2,825,719 | $ 2,492,429 |
Consumer loans [member] | Allowances for loan losses [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (273,931) | (189,485) | |
Consumer loans [member] | Allowances for loan losses [member] | Other Commercial Loans and Receivables [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (3,233) | (2,651) | |
Consumer loans [member] | Allowances for loan losses [member] | Installment consumer loans [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (214,596) | (154,647) | |
Consumer loans [member] | Allowances for loan losses [member] | Checking account debtors [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (13,232) | (7,778) | |
Consumer loans [member] | Allowances for loan losses [member] | Credit card balances [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (42,826) | (24,364) | |
Consumer loans [member] | Allowances for loan losses [member] | Consumer leasing transactions [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (44) | (45) | |
Consumer loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (273,931) | (189,485) | |
Consumer loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Other Commercial Loans and Receivables [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (3,233) | (2,651) | |
Consumer loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Installment consumer loans [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (214,596) | (154,647) | |
Consumer loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Checking account debtors [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (13,232) | (7,778) | |
Consumer loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Credit card balances [Member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | (42,826) | (24,364) | |
Consumer loans [member] | Allowances for loan losses [member] | Collectively assessed for credit losses [member] | Consumer leasing transactions [member] | |||
Disclosure of financial assets [line items] | |||
Allowances for loans losses | $ (44) | $ (45) |
Loans and Accounts Receivable_4
Loans and Accounts Receivable From Customers - Movements in Loan Portfolio disaggregated by individually and grouped assessed loans (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of financial assets [line items] | |||
Allowance for loan losses | $ 937,994 | $ 978,754 | |
Net carrying amount | 25,711,811 | 23,795,548 | |
Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 24,743,360 | 22,617,981 | |
- Charge-offs | (343,542) | (292,655) | |
- Changes due to modifications that did not result in derecognition | (305,353) | (292,108) | |
New financial assets originated or purchased | 10,544,152 | 12,417,491 | |
Financial assets that have been derecognized | (7,581,309) | (9,796,913) | |
Foreign exchange and other movements | (449,523) | 89,564 | |
Ending balance | 26,607,785 | 24,743,360 | |
Allowances for loan losses [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 895,974 | 947,812 | |
Commercial loans [member] | |||
Disclosure of financial assets [line items] | |||
- Changes due to modifications that did not result in derecognition | (25,936) | ||
New financial assets originated or purchased | 210,999 | ||
Financial assets that have been derecognized | (141,544) | (290,422) | |
Foreign exchange and other movements | (49,564) | 6,599 | |
Allowance for loan losses | 521,199 | 681,029 | $ 747,617 |
Net carrying amount | 15,935,822 | 14,991,641 | |
Commercial loans [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 15,672,670 | 14,808,799 | |
- Charge-offs | (190,487) | (148,053) | |
- Changes due to modifications that did not result in derecognition | (215,453) | (188,049) | |
New financial assets originated or purchased | 7,682,627 | 8,385,696 | |
Financial assets that have been derecognized | (6,323,655) | (7,303,407) | |
Foreign exchange and other movements | (168,681) | 117,684 | |
Ending balance | 16,457,021 | 15,672,670 | |
Commercial loans [member] | Allowances for loan losses [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 521,199 | 681,029 | |
Mortgages loans [member] | |||
Disclosure of financial assets [line items] | |||
- Changes due to modifications that did not result in derecognition | (617) | (84) | |
New financial assets originated or purchased | 4,696 | 20,928 | |
Financial assets that have been derecognized | (5,005) | (20,708) | |
Foreign exchange and other movements | (2,110) | 89 | |
Allowance for loan losses | 100,844 | 77,298 | $ 73,465 |
Net carrying amount | 6,929,766 | 6,167,673 | |
Mortgages loans [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 6,244,971 | ||
Ending balance | 7,030,610 | 6,244,971 | |
Mortgages loans [member] | Allowances for loan losses [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 100,844 | 77,298 | |
Consumer loans [member] | |||
Disclosure of financial assets [line items] | |||
- Changes due to modifications that did not result in derecognition | (193) | ||
New financial assets originated or purchased | 143,375 | ||
Financial assets that have been derecognized | (31,933) | ||
Foreign exchange and other movements | (13,229) | ||
Allowance for loan losses | 273,931 | 189,485 | |
Net carrying amount | 2,846,223 | 2,636,234 | |
Consumer loans [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 2,825,719 | ||
Ending balance | 3,120,154 | 2,825,719 | |
Consumer loans [member] | Allowances for loan losses [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 273,931 | 189,485 | |
Individually assessed for credit losses [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 1,196,769 | 1,088,954 | |
- Charge-offs | (24,983) | (538) | |
- Changes due to modifications that did not result in derecognition | (2,642) | 2,197 | |
New financial assets originated or purchased | 225,694 | 464,664 | |
Financial assets that have been derecognized | (348,835) | (386,106) | |
Foreign exchange and other movements | (1,007) | 27,598 | |
Ending balance | 1,044,996 | 1,196,769 | |
Individually assessed for credit losses [member] | Allowances for loan losses [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 146,350 | 256,091 | |
Individually assessed for credit losses [member] | Commercial loans [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 1,196,769 | 1,088,954 | |
- Charge-offs | (24,983) | (538) | |
- Changes due to modifications that did not result in derecognition | (2,642) | 2,197 | |
New financial assets originated or purchased | 225,694 | 464,664 | |
Financial assets that have been derecognized | (348,835) | (386,106) | |
Foreign exchange and other movements | (1,007) | 27,598 | |
Ending balance | 1,044,996 | 1,196,769 | |
Individually assessed for credit losses [member] | Commercial loans [member] | Allowances for loan losses [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 146,350 | 256,091 | |
Individually assessed for credit losses [member] | Stage1 [member] | 12-month expected credit losses [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 96,974 | 100,922 | |
- Net Transfer to stage 2 | (1,819) | (7,725) | |
New financial assets originated or purchased | 55,102 | 63,208 | |
Financial assets that have been derecognized | (64,764) | (18,057) | |
Foreign exchange and other movements | (28,398) | (41,374) | |
Ending balance | 57,095 | 96,974 | |
Individually assessed for credit losses [member] | Stage1 [member] | Commercial loans [member] | 12-month expected credit losses [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 96,974 | 100,922 | |
- Net Transfer to stage 2 | (1,819) | (7,725) | |
New financial assets originated or purchased | 55,102 | 63,208 | |
Financial assets that have been derecognized | (64,764) | (18,057) | |
Foreign exchange and other movements | (28,398) | (41,374) | |
Ending balance | 57,095 | 96,974 | |
Individually assessed for credit losses [member] | Stage 2 [member] | Lifetime expected credit losses [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 507,983 | 499,537 | |
- Net Transfer to stage 2 | 1,819 | 8,551 | |
- Net Transfer to stage 3 | (5,851) | (129,888) | |
- Changes due to modifications that did not result in derecognition | (3,302) | (1,306) | |
New financial assets originated or purchased | 104,838 | 216,737 | |
Financial assets that have been derecognized | (109,898) | (174,661) | |
Foreign exchange and other movements | 57,058 | 89,013 | |
Ending balance | 552,647 | 507,983 | |
Individually assessed for credit losses [member] | Stage 2 [member] | Commercial loans [member] | Lifetime expected credit losses [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 507,983 | 499,537 | |
- Net Transfer to stage 2 | 1,819 | 8,551 | |
- Net Transfer to stage 3 | (5,851) | (129,888) | |
- Changes due to modifications that did not result in derecognition | (3,302) | (1,306) | |
New financial assets originated or purchased | 104,838 | 216,737 | |
Financial assets that have been derecognized | (109,898) | (174,661) | |
Foreign exchange and other movements | 57,058 | 89,013 | |
Ending balance | 552,647 | 507,983 | |
Individually assessed for credit losses [member] | Stage 3 [member] | Lifetime expected credit losses [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 591,812 | 488,495 | |
- Net Transfer to stage 2 | (826) | ||
- Net Transfer to stage 3 | 5,851 | 129,888 | |
- Charge-offs | (24,983) | (538) | |
- Changes due to modifications that did not result in derecognition | 660 | 3,503 | |
New financial assets originated or purchased | 65,754 | 184,719 | |
Financial assets that have been derecognized | (174,173) | (193,388) | |
Foreign exchange and other movements | (29,667) | (20,041) | |
Ending balance | 435,254 | 591,812 | |
Individually assessed for credit losses [member] | Stage 3 [member] | Commercial loans [member] | Lifetime expected credit losses [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 591,812 | 488,495 | |
- Net Transfer to stage 2 | (826) | ||
- Net Transfer to stage 3 | 5,851 | 129,888 | |
- Charge-offs | (24,983) | (538) | |
- Changes due to modifications that did not result in derecognition | 660 | 3,503 | |
New financial assets originated or purchased | 65,754 | 184,719 | |
Financial assets that have been derecognized | (174,173) | (193,388) | |
Foreign exchange and other movements | (29,667) | (20,041) | |
Ending balance | 435,254 | 591,812 | |
Collectively assessed for credit losses [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 23,546,591 | 21,529,027 | |
- Charge-offs | (318,559) | (292,117) | |
- Changes due to modifications that did not result in derecognition | (302,711) | (294,305) | |
New financial assets originated or purchased | 10,318,458 | 11,952,827 | |
Financial assets that have been derecognized | (7,232,474) | (9,410,807) | |
Foreign exchange and other movements | (448,516) | 61,966 | |
Ending balance | 25,562,789 | 23,546,591 | |
Collectively assessed for credit losses [member] | Allowances for loan losses [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 749,624 | 691,721 | |
Collectively assessed for credit losses [member] | Commercial loans [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 14,475,901 | 13,719,845 | |
- Charge-offs | (165,504) | (147,515) | |
- Changes due to modifications that did not result in derecognition | (212,811) | (190,246) | |
New financial assets originated or purchased | 7,456,933 | 7,921,032 | |
Financial assets that have been derecognized | (5,974,820) | (6,917,301) | |
Foreign exchange and other movements | (167,674) | 90,086 | |
Ending balance | 15,412,025 | 14,475,901 | |
Collectively assessed for credit losses [member] | Commercial loans [member] | Allowances for loan losses [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 374,849 | 424,938 | |
Collectively assessed for credit losses [member] | Mortgages loans [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 6,244,971 | 5,316,753 | |
- Charge-offs | (12,373) | (11,402) | |
- Changes due to modifications that did not result in derecognition | (32,985) | (46,338) | |
New financial assets originated or purchased | 1,235,962 | 2,453,883 | |
Financial assets that have been derecognized | (281,308) | (1,431,188) | |
Foreign exchange and other movements | (123,657) | (36,737) | |
Ending balance | 7,030,610 | 6,244,971 | |
Collectively assessed for credit losses [member] | Mortgages loans [member] | Allowances for loan losses [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 100,844 | 77,298 | |
Collectively assessed for credit losses [member] | Consumer loans [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 2,825,719 | 2,492,429 | |
- Charge-offs | (140,682) | (133,200) | |
- Changes due to modifications that did not result in derecognition | (56,915) | (57,721) | |
New financial assets originated or purchased | 1,625,563 | 1,577,912 | |
Financial assets that have been derecognized | (976,346) | (1,062,318) | |
Foreign exchange and other movements | (157,185) | 8,617 | |
Ending balance | 3,120,154 | 2,825,719 | |
Collectively assessed for credit losses [member] | Consumer loans [member] | Allowances for loan losses [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 273,931 | 189,485 | |
Collectively assessed for credit losses [member] | Stage1 [member] | 12-month expected credit losses [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 19,955,723 | 16,327,018 | |
Changes in the allowances - Net Transfer to stage 1 | 404,225 | 1,184,076 | |
- Net Transfer to stage 2 | (835,792) | (554,440) | |
- Net Transfer to stage 3 | (151,827) | (73,679) | |
- Charge-offs | (33,187) | (18,776) | |
- Changes due to modifications that did not result in derecognition | (271,885) | (270,726) | |
New financial assets originated or purchased | 9,469,441 | 10,860,705 | |
Financial assets that have been derecognized | (6,425,979) | (7,562,147) | |
Foreign exchange and other movements | (421,452) | 63,692 | |
Ending balance | 21,689,267 | 19,955,723 | |
Collectively assessed for credit losses [member] | Stage1 [member] | Commercial loans [member] | 12-month expected credit losses [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 11,715,299 | 10,427,978 | |
Changes in the allowances - Net Transfer to stage 1 | 216,667 | 362,152 | |
- Net Transfer to stage 2 | (449,530) | (401,663) | |
- Net Transfer to stage 3 | (87,462) | (50,688) | |
- Charge-offs | (7,870) | (4,209) | |
- Changes due to modifications that did not result in derecognition | (183,462) | (176,687) | |
New financial assets originated or purchased | 6,922,591 | 7,101,166 | |
Financial assets that have been derecognized | (5,331,140) | (5,643,512) | |
Foreign exchange and other movements | (181,407) | 100,762 | |
Ending balance | 12,613,686 | 11,715,299 | |
Collectively assessed for credit losses [member] | Stage1 [member] | Mortgages loans [member] | 12-month expected credit losses [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 5,815,884 | 4,166,515 | |
Changes in the allowances - Net Transfer to stage 1 | 73,851 | 527,946 | |
- Net Transfer to stage 2 | (226,002) | (47,731) | |
- Net Transfer to stage 3 | (23,085) | (4,862) | |
- Charge-offs | (118) | ||
- Changes due to modifications that did not result in derecognition | (31,722) | (43,602) | |
New financial assets originated or purchased | 1,189,931 | 2,342,992 | |
Financial assets that have been derecognized | (246,095) | (1,081,369) | |
Foreign exchange and other movements | (104,540) | (44,005) | |
Ending balance | 6,448,104 | 5,815,884 | |
Collectively assessed for credit losses [member] | Stage1 [member] | Consumer loans [member] | 12-month expected credit losses [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 2,424,540 | 1,732,525 | |
Changes in the allowances - Net Transfer to stage 1 | 113,707 | 293,979 | |
- Net Transfer to stage 2 | (160,260) | (105,046) | |
- Net Transfer to stage 3 | (41,280) | (18,129) | |
- Charge-offs | (25,199) | (14,567) | |
- Changes due to modifications that did not result in derecognition | (56,701) | (50,437) | |
New financial assets originated or purchased | 1,356,919 | 1,416,547 | |
Financial assets that have been derecognized | (848,744) | (837,266) | |
Foreign exchange and other movements | (135,505) | 6,934 | |
Ending balance | 2,627,477 | 2,424,540 | |
Collectively assessed for credit losses [member] | Stage 2 [member] | Lifetime expected credit losses [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 2,733,535 | 4,277,136 | |
Changes in the allowances - Net Transfer to stage 1 | (388,610) | (1,171,376) | |
- Net Transfer to stage 2 | 865,671 | 599,608 | |
- Net Transfer to stage 3 | (199,790) | (137,518) | |
- Charge-offs | (46,996) | (44,191) | |
- Changes due to modifications that did not result in derecognition | (27,727) | (21,168) | |
New financial assets originated or purchased | 636,437 | 869,602 | |
Financial assets that have been derecognized | (641,774) | (1,608,876) | |
Foreign exchange and other movements | (30,639) | (29,682) | |
Ending balance | 2,900,107 | 2,733,535 | |
Collectively assessed for credit losses [member] | Stage 2 [member] | Commercial loans [member] | Lifetime expected credit losses [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 2,080,676 | 2,564,516 | |
Changes in the allowances - Net Transfer to stage 1 | (206,748) | (358,832) | |
- Net Transfer to stage 2 | 464,539 | 425,316 | |
- Net Transfer to stage 3 | (110,493) | (71,184) | |
- Charge-offs | (14,142) | (11,082) | |
- Changes due to modifications that did not result in derecognition | (24,686) | (10,277) | |
New financial assets originated or purchased | 390,724 | 665,143 | |
Financial assets that have been derecognized | (507,356) | (1,088,960) | |
Foreign exchange and other movements | (1,531) | (33,964) | |
Ending balance | 2,070,983 | 2,080,676 | |
Collectively assessed for credit losses [member] | Stage 2 [member] | Mortgages loans [member] | Lifetime expected credit losses [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 314,060 | 1,025,921 | |
Changes in the allowances - Net Transfer to stage 1 | (71,983) | (525,493) | |
- Net Transfer to stage 2 | 237,397 | 62,549 | |
- Net Transfer to stage 3 | (59,052) | (26,414) | |
- Charge-offs | (233) | (84) | |
- Changes due to modifications that did not result in derecognition | (1,306) | (2,804) | |
New financial assets originated or purchased | 40,387 | 83,827 | |
Financial assets that have been derecognized | (18,252) | (305,420) | |
Foreign exchange and other movements | (10,455) | 1,978 | |
Ending balance | 430,563 | 314,060 | |
Collectively assessed for credit losses [member] | Stage 2 [member] | Consumer loans [member] | Lifetime expected credit losses [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 338,799 | 686,699 | |
Changes in the allowances - Net Transfer to stage 1 | (109,879) | (287,052) | |
- Net Transfer to stage 2 | 163,735 | 111,742 | |
- Net Transfer to stage 3 | (30,245) | (39,920) | |
- Charge-offs | (32,621) | (33,025) | |
- Changes due to modifications that did not result in derecognition | (1,735) | (8,087) | |
New financial assets originated or purchased | 205,326 | 120,632 | |
Financial assets that have been derecognized | (116,166) | (214,496) | |
Foreign exchange and other movements | (18,653) | 2,306 | |
Ending balance | 398,561 | 338,799 | |
Collectively assessed for credit losses [member] | Stage 3 [member] | Lifetime expected credit losses [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 857,333 | 924,873 | |
Changes in the allowances - Net Transfer to stage 1 | (15,615) | (12,700) | |
- Net Transfer to stage 2 | (29,879) | (45,168) | |
- Net Transfer to stage 3 | 351,617 | 211,197 | |
- Charge-offs | (238,376) | (229,150) | |
- Changes due to modifications that did not result in derecognition | (3,099) | (2,411) | |
New financial assets originated or purchased | 212,580 | 222,520 | |
Financial assets that have been derecognized | (164,721) | (239,784) | |
Foreign exchange and other movements | 3,575 | 27,956 | |
Ending balance | 973,415 | 857,333 | |
Collectively assessed for credit losses [member] | Stage 3 [member] | Commercial loans [member] | Lifetime expected credit losses [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 679,926 | 727,351 | |
Changes in the allowances - Net Transfer to stage 1 | (9,919) | (3,320) | |
- Net Transfer to stage 2 | (15,009) | (23,653) | |
- Net Transfer to stage 3 | 197,955 | 121,872 | |
- Charge-offs | (143,492) | (132,224) | |
- Changes due to modifications that did not result in derecognition | (4,663) | (3,282) | |
New financial assets originated or purchased | 143,618 | 154,723 | |
Financial assets that have been derecognized | (136,324) | (184,829) | |
Foreign exchange and other movements | 15,264 | 23,288 | |
Ending balance | 727,356 | 679,926 | |
Collectively assessed for credit losses [member] | Stage 3 [member] | Mortgages loans [member] | Lifetime expected credit losses [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 115,027 | 124,317 | |
Changes in the allowances - Net Transfer to stage 1 | (1,868) | (2,453) | |
- Net Transfer to stage 2 | (11,395) | (14,818) | |
- Net Transfer to stage 3 | 82,137 | 31,276 | |
- Charge-offs | (12,022) | (11,318) | |
- Changes due to modifications that did not result in derecognition | 43 | 68 | |
New financial assets originated or purchased | 5,644 | 27,064 | |
Financial assets that have been derecognized | (16,961) | (44,399) | |
Foreign exchange and other movements | (8,662) | 5,290 | |
Ending balance | 151,943 | 115,027 | |
Collectively assessed for credit losses [member] | Stage 3 [member] | Consumer loans [member] | Lifetime expected credit losses [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 62,380 | 73,205 | |
Changes in the allowances - Net Transfer to stage 1 | (3,828) | (6,927) | |
- Net Transfer to stage 2 | (3,475) | (6,696) | |
- Net Transfer to stage 3 | 71,525 | 58,049 | |
- Charge-offs | (82,862) | (85,608) | |
- Changes due to modifications that did not result in derecognition | 1,521 | 803 | |
New financial assets originated or purchased | 63,318 | 40,733 | |
Financial assets that have been derecognized | (11,436) | (10,556) | |
Foreign exchange and other movements | (3,027) | (623) | |
Ending balance | $ 94,116 | $ 62,380 |
Loans and Accounts Receivable_5
Loans and Accounts Receivable from Customers - Additional Information (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of financial assets [line items] | ||
Fair value of guarantees taken as percentage of assets | 145.12% | 141.04% |
Loans and receivables from customers | $ 25,711,811 | $ 23,795,548 |
Lease receivables associated with movable assets [member] | ||
Disclosure of financial assets [line items] | ||
Loans and receivables from customers | 778,216 | 880,531 |
Real Estate Assets [member] | ||
Disclosure of financial assets [line items] | ||
Loans and receivables from customers | $ 440,443 | $ 382,552 |
Mortgages loans [member] | ||
Disclosure of financial assets [line items] | ||
Fair value of guarantees taken as percentage of loans and receivables | 103.82% | 98.09% |
Loans and accounts receivable at amortized cost [member]. | Net financial operating income [member] | ||
Disclosure of financial assets [line items] | ||
Gain (loss) on sale of loans and receivables sold | $ 4,734 | $ 4,540 |
Loans and accounts receivable at amortized cost [member]. | Adjustment to Effective Interest Rate [member] | ||
Disclosure of financial assets [line items] | ||
Effect on result of Portfolio purchases and sales | 1,073 | |
Gain (loss) on sale of loans and receivables sold | 4,769 | |
Written off Loan Portfolio [Member] | Net financial operating income [member] | ||
Disclosure of financial assets [line items] | ||
Gain (loss) on sale of loans and receivables sold | $ 4,734 | $ 12,132 |
Loans and Accounts Receivable_6
Loans and Accounts Receivable From Customers - Schedule of Loan Portfolio Before Allowances for Loan Losses by Customer Economic (Detail) - Gross assets [member] - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of financial assets [line items] | |||
Financial assets | $ 26,607,785 | $ 24,743,360 | $ 22,617,981 |
Commercial loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 16,457,021 | 15,672,670 | $ 14,808,799 |
Mortgages loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 7,030,610 | 6,244,971 | |
Consumer loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 3,120,154 | 2,825,719 | |
Loans and accounts receivable at amortized cost [member]. | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 26,607,785 | $ 24,743,360 | |
Financial assets percentage | 100% | 100% | |
Loans and accounts receivable at amortized cost [member]. | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 21,766,318 | $ 19,231,993 | |
Loans and accounts receivable at amortized cost [member]. | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 4,841,467 | 5,511,367 | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 16,457,021 | $ 15,672,670 | |
Financial assets percentage | 61.85% | 63.35% | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 13,040,045 | $ 11,858,185 | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 3,416,976 | 3,814,485 | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Manufacturing [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 1,912,563 | $ 1,338,186 | |
Financial assets percentage | 7.19% | 5.41% | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Manufacturing [member] | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 1,234,919 | $ 1,121,216 | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Manufacturing [member] | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 677,644 | 216,970 | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Mining [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 353,997 | $ 433,739 | |
Financial assets percentage | 1.33% | 1.75% | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Mining [member] | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 341,384 | $ 294,799 | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Mining [member] | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 12,613 | 138,940 | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Electricity, gas and water [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 822,772 | $ 930,892 | |
Financial assets percentage | 3.09% | 3.76% | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Electricity, gas and water [member] | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 370,734 | $ 648,752 | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Electricity, gas and water [member] | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 452,038 | 282,140 | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Agriculture and livestock [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 473,367 | $ 542,464 | |
Financial assets percentage | 1.78% | 2.19% | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Agriculture and livestock [member] | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 321,280 | $ 370,805 | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Agriculture and livestock [member] | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 152,087 | 171,659 | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Forestry and wood extraction [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 121,743 | $ 64,204 | |
Financial assets percentage | 0.46% | 0.26% | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Forestry and wood extraction [member] | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 93,978 | $ 42,017 | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Forestry and wood extraction [member] | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 27,765 | 22,187 | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Fishing [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 57,713 | $ 19,726 | |
Financial assets percentage | 0.22% | 0.08% | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Fishing [member] | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 42,257 | $ 12,967 | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Fishing [member] | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 15,456 | 6,759 | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Transport [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 1,069,962 | $ 871,230 | |
Financial assets percentage | 4.02% | 3.52% | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Transport [member] | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 879,395 | $ 736,947 | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Transport [member] | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 190,567 | 134,283 | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Communications [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 115,748 | $ 49,658 | |
Financial assets percentage | 0.44% | 0.20% | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Communications [member] | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 90,120 | $ 47,459 | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Communications [member] | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 25,628 | 2,199 | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Construction [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 2,251,209 | $ 1,926,308 | |
Financial assets percentage | 8.46% | 7.79% | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Construction [member] | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 1,629,184 | $ 1,654,661 | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Construction [member] | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 622,025 | 271,647 | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Commerce [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 2,563,526 | $ 2,305,414 | |
Financial assets percentage | 9.63% | 9.32% | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Commerce [member] | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 2,125,864 | $ 1,727,096 | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Commerce [member] | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 437,662 | 578,318 | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Services [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 6,079,990 | $ 4,165,701 | |
Financial assets percentage | 22.85% | 16.84% | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Services [member] | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 5,358,546 | $ 3,424,967 | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Services [member] | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 721,444 | 740,734 | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Others [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 634,431 | $ 3,025,148 | |
Financial assets percentage | 2.38% | 12.23% | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Others [member] | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 552,384 | $ 1,776,499 | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | Others [member] | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 82,047 | 1,248,649 | |
Loans and accounts receivable at amortized cost [member]. | Mortgages loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 7,030,610 | $ 6,244,971 | |
Financial assets percentage | 26.42% | 25.24% | |
Loans and accounts receivable at amortized cost [member]. | Mortgages loans [member] | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 6,383,650 | $ 5,516,510 | |
Loans and accounts receivable at amortized cost [member]. | Mortgages loans [member] | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | 646,960 | 728,461 | |
Loans and accounts receivable at amortized cost [member]. | Consumer loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 3,120,154 | $ 2,825,719 | |
Financial assets percentage | 11.73% | 11.41% | |
Loans and accounts receivable at amortized cost [member]. | Consumer loans [member] | Local loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 2,342,623 | $ 1,857,298 | |
Loans and accounts receivable at amortized cost [member]. | Consumer loans [member] | Foreign loans [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets | $ 777,531 | $ 968,421 |
Loans and Accounts Receivable_7
Loans and Accounts Receivable From Customers - Summary of Movements in Loan Portfolio (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of financial assets [line items] | |||
Allowance for loan losses | $ 937,994 | $ 978,754 | |
Net carrying amount | 25,711,811 | 23,795,548 | |
Commercial loans [member] | |||
Disclosure of financial assets [line items] | |||
- Increases due to change in credit risk | (98,680) | (146,676) | |
Decreases due to change in credit risk | (86,955) | (52,968) | |
- Changes due to modifications that did not result in derecognition | (25,936) | ||
New financial assets originated or purchased | 210,999 | ||
Financial assets that have been derecognized | (141,544) | (290,422) | |
Foreign exchange and other movements | (49,564) | 6,599 | |
Allowance for loan losses | 521,199 | 681,029 | $ 747,617 |
Net carrying amount | 15,935,822 | 14,991,641 | |
Mortgages loans [member] | |||
Disclosure of financial assets [line items] | |||
- Increases due to change in credit risk | (43,274) | (23,189) | |
Decreases due to change in credit risk | (12,936) | (15,587) | |
- Changes due to modifications that did not result in derecognition | (617) | (84) | |
New financial assets originated or purchased | 4,696 | 20,928 | |
Financial assets that have been derecognized | (5,005) | (20,708) | |
Foreign exchange and other movements | (2,110) | 89 | |
Allowance for loan losses | 100,844 | 77,298 | 73,465 |
Net carrying amount | 6,929,766 | 6,167,673 | |
Consumer loans [member] | |||
Disclosure of financial assets [line items] | |||
- Increases due to change in credit risk | (114,689) | ||
Decreases due to change in credit risk | (37,972) | ||
- Changes due to modifications that did not result in derecognition | (193) | ||
New financial assets originated or purchased | 143,375 | ||
Financial assets that have been derecognized | (31,933) | ||
Foreign exchange and other movements | (13,229) | ||
Allowance for loan losses | 273,931 | 189,485 | |
Net carrying amount | 2,846,223 | 2,636,234 | |
Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 24,743,360 | 22,617,981 | |
- Charge-offs | (343,542) | (292,655) | |
- Changes due to modifications that did not result in derecognition | (305,353) | (292,108) | |
New financial assets originated or purchased | 10,544,152 | 12,417,491 | |
Financial assets that have been derecognized | (7,581,309) | (9,796,913) | |
Foreign exchange and other movements | (449,523) | 89,564 | |
Ending balance | 26,607,785 | 24,743,360 | |
Gross assets [member] | Individually assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 1,196,769 | 1,088,954 | |
- Charge-offs | (24,983) | (538) | |
- Changes due to modifications that did not result in derecognition | (2,642) | 2,197 | |
New financial assets originated or purchased | 225,694 | 464,664 | |
Financial assets that have been derecognized | (348,835) | (386,106) | |
Foreign exchange and other movements | (1,007) | 27,598 | |
Ending balance | 1,044,996 | 1,196,769 | |
Gross assets [member] | Collectively assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 23,546,591 | 21,529,027 | |
- Charge-offs | (318,559) | (292,117) | |
- Changes due to modifications that did not result in derecognition | (302,711) | (294,305) | |
New financial assets originated or purchased | 10,318,458 | 11,952,827 | |
Financial assets that have been derecognized | (7,232,474) | (9,410,807) | |
Foreign exchange and other movements | (448,516) | 61,966 | |
Ending balance | 25,562,789 | 23,546,591 | |
Gross assets [member] | Commercial loans [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 15,672,670 | 14,808,799 | |
- Charge-offs | (190,487) | (148,053) | |
- Changes due to modifications that did not result in derecognition | (215,453) | (188,049) | |
New financial assets originated or purchased | 7,682,627 | 8,385,696 | |
Financial assets that have been derecognized | (6,323,655) | (7,303,407) | |
Foreign exchange and other movements | (168,681) | 117,684 | |
Ending balance | 16,457,021 | 15,672,670 | |
Gross assets [member] | Commercial loans [member] | Individually assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 1,196,769 | 1,088,954 | |
- Charge-offs | (24,983) | (538) | |
- Changes due to modifications that did not result in derecognition | (2,642) | 2,197 | |
New financial assets originated or purchased | 225,694 | 464,664 | |
Financial assets that have been derecognized | (348,835) | (386,106) | |
Foreign exchange and other movements | (1,007) | 27,598 | |
Ending balance | 1,044,996 | 1,196,769 | |
Gross assets [member] | Commercial loans [member] | Collectively assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 14,475,901 | 13,719,845 | |
- Charge-offs | (165,504) | (147,515) | |
- Changes due to modifications that did not result in derecognition | (212,811) | (190,246) | |
New financial assets originated or purchased | 7,456,933 | 7,921,032 | |
Financial assets that have been derecognized | (5,974,820) | (6,917,301) | |
Foreign exchange and other movements | (167,674) | 90,086 | |
Ending balance | 15,412,025 | 14,475,901 | |
Gross assets [member] | Mortgages loans [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 6,244,971 | ||
Ending balance | 7,030,610 | 6,244,971 | |
Gross assets [member] | Mortgages loans [member] | Collectively assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 6,244,971 | 5,316,753 | |
- Charge-offs | (12,373) | (11,402) | |
- Changes due to modifications that did not result in derecognition | (32,985) | (46,338) | |
New financial assets originated or purchased | 1,235,962 | 2,453,883 | |
Financial assets that have been derecognized | (281,308) | (1,431,188) | |
Foreign exchange and other movements | (123,657) | (36,737) | |
Ending balance | 7,030,610 | 6,244,971 | |
Gross assets [member] | Consumer loans [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 2,825,719 | ||
Ending balance | 3,120,154 | 2,825,719 | |
Gross assets [member] | Consumer loans [member] | Collectively assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 2,825,719 | 2,492,429 | |
- Charge-offs | (140,682) | (133,200) | |
- Changes due to modifications that did not result in derecognition | (56,915) | (57,721) | |
New financial assets originated or purchased | 1,625,563 | 1,577,912 | |
Financial assets that have been derecognized | (976,346) | (1,062,318) | |
Foreign exchange and other movements | (157,185) | 8,617 | |
Ending balance | 3,120,154 | 2,825,719 | |
Allowances for loan losses [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 895,974 | 947,812 | |
Allowances for loan losses [member] | Individually assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 146,350 | 256,091 | |
Allowances for loan losses [member] | Collectively assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 749,624 | 691,721 | |
Allowances for loan losses [member] | Commercial loans [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 521,199 | 681,029 | |
Allowances for loan losses [member] | Commercial loans [member] | Individually assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 146,350 | 256,091 | |
Allowances for loan losses [member] | Commercial loans [member] | Collectively assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 374,849 | 424,938 | |
Allowances for loan losses [member] | Mortgages loans [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 100,844 | 77,298 | |
Allowances for loan losses [member] | Mortgages loans [member] | Collectively assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 100,844 | 77,298 | |
Allowances for loan losses [member] | Consumer loans [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 273,931 | 189,485 | |
Allowances for loan losses [member] | Consumer loans [member] | Collectively assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 273,931 | 189,485 | |
Stage1 [member] | 12-month expected credit losses [member] | Gross assets [member] | Individually assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 96,974 | 100,922 | |
- Net Transfer to stage 2 | (1,819) | (7,725) | |
New financial assets originated or purchased | 55,102 | 63,208 | |
Financial assets that have been derecognized | (64,764) | (18,057) | |
Foreign exchange and other movements | (28,398) | (41,374) | |
Ending balance | 57,095 | 96,974 | |
Stage1 [member] | 12-month expected credit losses [member] | Gross assets [member] | Collectively assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 19,955,723 | 16,327,018 | |
Changes in the allowances - Net Transfer to stage 1 | 404,225 | 1,184,076 | |
- Net Transfer to stage 2 | (835,792) | (554,440) | |
- Net Transfer to stage 3 | (151,827) | (73,679) | |
- Charge-offs | (33,187) | (18,776) | |
- Changes due to modifications that did not result in derecognition | (271,885) | (270,726) | |
New financial assets originated or purchased | 9,469,441 | 10,860,705 | |
Financial assets that have been derecognized | (6,425,979) | (7,562,147) | |
Foreign exchange and other movements | (421,452) | 63,692 | |
Ending balance | 21,689,267 | 19,955,723 | |
Stage1 [member] | 12-month expected credit losses [member] | Gross assets [member] | Commercial loans [member] | Individually assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 96,974 | 100,922 | |
- Net Transfer to stage 2 | (1,819) | (7,725) | |
New financial assets originated or purchased | 55,102 | 63,208 | |
Financial assets that have been derecognized | (64,764) | (18,057) | |
Foreign exchange and other movements | (28,398) | (41,374) | |
Ending balance | 57,095 | 96,974 | |
Stage1 [member] | 12-month expected credit losses [member] | Gross assets [member] | Commercial loans [member] | Collectively assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 11,715,299 | 10,427,978 | |
Changes in the allowances - Net Transfer to stage 1 | 216,667 | 362,152 | |
- Net Transfer to stage 2 | (449,530) | (401,663) | |
- Net Transfer to stage 3 | (87,462) | (50,688) | |
- Charge-offs | (7,870) | (4,209) | |
- Changes due to modifications that did not result in derecognition | (183,462) | (176,687) | |
New financial assets originated or purchased | 6,922,591 | 7,101,166 | |
Financial assets that have been derecognized | (5,331,140) | (5,643,512) | |
Foreign exchange and other movements | (181,407) | 100,762 | |
Ending balance | 12,613,686 | 11,715,299 | |
Stage1 [member] | 12-month expected credit losses [member] | Gross assets [member] | Mortgages loans [member] | Collectively assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 5,815,884 | 4,166,515 | |
Changes in the allowances - Net Transfer to stage 1 | 73,851 | 527,946 | |
- Net Transfer to stage 2 | (226,002) | (47,731) | |
- Net Transfer to stage 3 | (23,085) | (4,862) | |
- Charge-offs | (118) | ||
- Changes due to modifications that did not result in derecognition | (31,722) | (43,602) | |
New financial assets originated or purchased | 1,189,931 | 2,342,992 | |
Financial assets that have been derecognized | (246,095) | (1,081,369) | |
Foreign exchange and other movements | (104,540) | (44,005) | |
Ending balance | 6,448,104 | 5,815,884 | |
Stage1 [member] | 12-month expected credit losses [member] | Gross assets [member] | Consumer loans [member] | Collectively assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 2,424,540 | 1,732,525 | |
Changes in the allowances - Net Transfer to stage 1 | 113,707 | 293,979 | |
- Net Transfer to stage 2 | (160,260) | (105,046) | |
- Net Transfer to stage 3 | (41,280) | (18,129) | |
- Charge-offs | (25,199) | (14,567) | |
- Changes due to modifications that did not result in derecognition | (56,701) | (50,437) | |
New financial assets originated or purchased | 1,356,919 | 1,416,547 | |
Financial assets that have been derecognized | (848,744) | (837,266) | |
Foreign exchange and other movements | (135,505) | 6,934 | |
Ending balance | 2,627,477 | 2,424,540 | |
Stage 2 [member] | Lifetime expected credit losses [member] | Gross assets [member] | Individually assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 507,983 | 499,537 | |
- Net Transfer to stage 2 | 1,819 | 8,551 | |
- Net Transfer to stage 3 | (5,851) | (129,888) | |
- Changes due to modifications that did not result in derecognition | (3,302) | (1,306) | |
New financial assets originated or purchased | 104,838 | 216,737 | |
Financial assets that have been derecognized | (109,898) | (174,661) | |
Foreign exchange and other movements | 57,058 | 89,013 | |
Ending balance | 552,647 | 507,983 | |
Stage 2 [member] | Lifetime expected credit losses [member] | Gross assets [member] | Collectively assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 2,733,535 | 4,277,136 | |
Changes in the allowances - Net Transfer to stage 1 | (388,610) | (1,171,376) | |
- Net Transfer to stage 2 | 865,671 | 599,608 | |
- Net Transfer to stage 3 | (199,790) | (137,518) | |
- Charge-offs | (46,996) | (44,191) | |
- Changes due to modifications that did not result in derecognition | (27,727) | (21,168) | |
New financial assets originated or purchased | 636,437 | 869,602 | |
Financial assets that have been derecognized | (641,774) | (1,608,876) | |
Foreign exchange and other movements | (30,639) | (29,682) | |
Ending balance | 2,900,107 | 2,733,535 | |
Stage 2 [member] | Lifetime expected credit losses [member] | Gross assets [member] | Commercial loans [member] | Individually assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 507,983 | 499,537 | |
- Net Transfer to stage 2 | 1,819 | 8,551 | |
- Net Transfer to stage 3 | (5,851) | (129,888) | |
- Changes due to modifications that did not result in derecognition | (3,302) | (1,306) | |
New financial assets originated or purchased | 104,838 | 216,737 | |
Financial assets that have been derecognized | (109,898) | (174,661) | |
Foreign exchange and other movements | 57,058 | 89,013 | |
Ending balance | 552,647 | 507,983 | |
Stage 2 [member] | Lifetime expected credit losses [member] | Gross assets [member] | Commercial loans [member] | Collectively assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 2,080,676 | 2,564,516 | |
Changes in the allowances - Net Transfer to stage 1 | (206,748) | (358,832) | |
- Net Transfer to stage 2 | 464,539 | 425,316 | |
- Net Transfer to stage 3 | (110,493) | (71,184) | |
- Charge-offs | (14,142) | (11,082) | |
- Changes due to modifications that did not result in derecognition | (24,686) | (10,277) | |
New financial assets originated or purchased | 390,724 | 665,143 | |
Financial assets that have been derecognized | (507,356) | (1,088,960) | |
Foreign exchange and other movements | (1,531) | (33,964) | |
Ending balance | 2,070,983 | 2,080,676 | |
Stage 2 [member] | Lifetime expected credit losses [member] | Gross assets [member] | Mortgages loans [member] | Collectively assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 314,060 | 1,025,921 | |
Changes in the allowances - Net Transfer to stage 1 | (71,983) | (525,493) | |
- Net Transfer to stage 2 | 237,397 | 62,549 | |
- Net Transfer to stage 3 | (59,052) | (26,414) | |
- Charge-offs | (233) | (84) | |
- Changes due to modifications that did not result in derecognition | (1,306) | (2,804) | |
New financial assets originated or purchased | 40,387 | 83,827 | |
Financial assets that have been derecognized | (18,252) | (305,420) | |
Foreign exchange and other movements | (10,455) | 1,978 | |
Ending balance | 430,563 | 314,060 | |
Stage 2 [member] | Lifetime expected credit losses [member] | Gross assets [member] | Consumer loans [member] | Collectively assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 338,799 | 686,699 | |
Changes in the allowances - Net Transfer to stage 1 | (109,879) | (287,052) | |
- Net Transfer to stage 2 | 163,735 | 111,742 | |
- Net Transfer to stage 3 | (30,245) | (39,920) | |
- Charge-offs | (32,621) | (33,025) | |
- Changes due to modifications that did not result in derecognition | (1,735) | (8,087) | |
New financial assets originated or purchased | 205,326 | 120,632 | |
Financial assets that have been derecognized | (116,166) | (214,496) | |
Foreign exchange and other movements | (18,653) | 2,306 | |
Ending balance | 398,561 | 338,799 | |
Stage 3 [member] | Lifetime expected credit losses [member] | Gross assets [member] | Individually assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 591,812 | 488,495 | |
- Net Transfer to stage 2 | (826) | ||
- Net Transfer to stage 3 | 5,851 | 129,888 | |
- Charge-offs | (24,983) | (538) | |
- Changes due to modifications that did not result in derecognition | 660 | 3,503 | |
New financial assets originated or purchased | 65,754 | 184,719 | |
Financial assets that have been derecognized | (174,173) | (193,388) | |
Foreign exchange and other movements | (29,667) | (20,041) | |
Ending balance | 435,254 | 591,812 | |
Stage 3 [member] | Lifetime expected credit losses [member] | Gross assets [member] | Collectively assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 857,333 | 924,873 | |
Changes in the allowances - Net Transfer to stage 1 | (15,615) | (12,700) | |
- Net Transfer to stage 2 | (29,879) | (45,168) | |
- Net Transfer to stage 3 | 351,617 | 211,197 | |
- Charge-offs | (238,376) | (229,150) | |
- Changes due to modifications that did not result in derecognition | (3,099) | (2,411) | |
New financial assets originated or purchased | 212,580 | 222,520 | |
Financial assets that have been derecognized | (164,721) | (239,784) | |
Foreign exchange and other movements | 3,575 | 27,956 | |
Ending balance | 973,415 | 857,333 | |
Stage 3 [member] | Lifetime expected credit losses [member] | Gross assets [member] | Commercial loans [member] | Individually assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 591,812 | 488,495 | |
- Net Transfer to stage 2 | (826) | ||
- Net Transfer to stage 3 | 5,851 | 129,888 | |
- Charge-offs | (24,983) | (538) | |
- Changes due to modifications that did not result in derecognition | 660 | 3,503 | |
New financial assets originated or purchased | 65,754 | 184,719 | |
Financial assets that have been derecognized | (174,173) | (193,388) | |
Foreign exchange and other movements | (29,667) | (20,041) | |
Ending balance | 435,254 | 591,812 | |
Stage 3 [member] | Lifetime expected credit losses [member] | Gross assets [member] | Commercial loans [member] | Collectively assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 679,926 | 727,351 | |
Changes in the allowances - Net Transfer to stage 1 | (9,919) | (3,320) | |
- Net Transfer to stage 2 | (15,009) | (23,653) | |
- Net Transfer to stage 3 | 197,955 | 121,872 | |
- Charge-offs | (143,492) | (132,224) | |
- Changes due to modifications that did not result in derecognition | (4,663) | (3,282) | |
New financial assets originated or purchased | 143,618 | 154,723 | |
Financial assets that have been derecognized | (136,324) | (184,829) | |
Foreign exchange and other movements | 15,264 | 23,288 | |
Ending balance | 727,356 | 679,926 | |
Stage 3 [member] | Lifetime expected credit losses [member] | Gross assets [member] | Mortgages loans [member] | Collectively assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 115,027 | 124,317 | |
Changes in the allowances - Net Transfer to stage 1 | (1,868) | (2,453) | |
- Net Transfer to stage 2 | (11,395) | (14,818) | |
- Net Transfer to stage 3 | 82,137 | 31,276 | |
- Charge-offs | (12,022) | (11,318) | |
- Changes due to modifications that did not result in derecognition | 43 | 68 | |
New financial assets originated or purchased | 5,644 | 27,064 | |
Financial assets that have been derecognized | (16,961) | (44,399) | |
Foreign exchange and other movements | (8,662) | 5,290 | |
Ending balance | 151,943 | 115,027 | |
Stage 3 [member] | Lifetime expected credit losses [member] | Gross assets [member] | Consumer loans [member] | Collectively assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | 62,380 | 73,205 | |
Changes in the allowances - Net Transfer to stage 1 | (3,828) | (6,927) | |
- Net Transfer to stage 2 | (3,475) | (6,696) | |
- Net Transfer to stage 3 | 71,525 | 58,049 | |
- Charge-offs | (82,862) | (85,608) | |
- Changes due to modifications that did not result in derecognition | 1,521 | 803 | |
New financial assets originated or purchased | 63,318 | 40,733 | |
Financial assets that have been derecognized | (11,436) | (10,556) | |
Foreign exchange and other movements | (3,027) | (623) | |
Ending balance | 94,116 | 62,380 | |
Loans and receivables to Amortized Cost [member] | |||
Disclosure of financial assets [line items] | |||
- Increases due to change in credit risk | (256,643) | (234,623) | |
Decreases due to change in credit risk | (137,863) | (125,986) | |
- Changes due to modifications that did not result in derecognition | (810) | (26,842) | |
New financial assets originated or purchased | 328,124 | ||
Financial assets that have been derecognized | (178,482) | (357,874) | |
Foreign exchange and other movements | (64,904) | 7,596 | |
Allowance for loan losses | $ 895,974 | $ 947,812 | $ 1,041,873 |
Loans and Accounts Receivable_8
Loans and Accounts Receivable From Customers - Movements in Loan Portfolio disaggregated by individually and grouped assessed loans - Commercial loans (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Commercial loans [member] | ||
Disclosure of financial assets [line items] | ||
- Increases due to change in credit risk | $ (98,680) | $ (146,676) |
Decreases due to change in credit risk | (86,955) | (52,968) |
- Changes due to modifications that did not result in derecognition | (25,936) | |
New financial assets originated or purchased | 210,999 | |
Financial assets that have been derecognized | (141,544) | (290,422) |
Foreign exchange and other movements | (49,564) | 6,599 |
Gross assets [member] | ||
Disclosure of financial assets [line items] | ||
Beginning balance | 24,743,360 | 22,617,981 |
- Charge-offs | (343,542) | (292,655) |
- Changes due to modifications that did not result in derecognition | (305,353) | (292,108) |
New financial assets originated or purchased | 10,544,152 | 12,417,491 |
Financial assets that have been derecognized | (7,581,309) | (9,796,913) |
Foreign exchange and other movements | (449,523) | 89,564 |
Ending balance | 26,607,785 | 24,743,360 |
Gross assets [member] | Commercial loans [member] | ||
Disclosure of financial assets [line items] | ||
Beginning balance | 15,672,670 | 14,808,799 |
- Charge-offs | (190,487) | (148,053) |
- Changes due to modifications that did not result in derecognition | (215,453) | (188,049) |
New financial assets originated or purchased | 7,682,627 | 8,385,696 |
Financial assets that have been derecognized | (6,323,655) | (7,303,407) |
Foreign exchange and other movements | (168,681) | 117,684 |
Ending balance | 16,457,021 | 15,672,670 |
Individually assessed for credit losses [member] | Gross assets [member] | ||
Disclosure of financial assets [line items] | ||
Beginning balance | 1,196,769 | 1,088,954 |
- Charge-offs | (24,983) | (538) |
- Changes due to modifications that did not result in derecognition | (2,642) | 2,197 |
New financial assets originated or purchased | 225,694 | 464,664 |
Financial assets that have been derecognized | (348,835) | (386,106) |
Foreign exchange and other movements | (1,007) | 27,598 |
Ending balance | 1,044,996 | 1,196,769 |
Individually assessed for credit losses [member] | Gross assets [member] | Commercial loans [member] | ||
Disclosure of financial assets [line items] | ||
Beginning balance | 1,196,769 | 1,088,954 |
- Charge-offs | (24,983) | (538) |
- Changes due to modifications that did not result in derecognition | (2,642) | 2,197 |
New financial assets originated or purchased | 225,694 | 464,664 |
Financial assets that have been derecognized | (348,835) | (386,106) |
Foreign exchange and other movements | (1,007) | 27,598 |
Ending balance | 1,044,996 | 1,196,769 |
Individually assessed for credit losses [member] | Stage1 [member] | 12-month expected credit losses [member] | Gross assets [member] | ||
Disclosure of financial assets [line items] | ||
Beginning balance | 96,974 | 100,922 |
- Net Transfer to stage 2 | (1,819) | (7,725) |
New financial assets originated or purchased | 55,102 | 63,208 |
Financial assets that have been derecognized | (64,764) | (18,057) |
Foreign exchange and other movements | (28,398) | (41,374) |
Ending balance | 57,095 | 96,974 |
Individually assessed for credit losses [member] | Stage1 [member] | 12-month expected credit losses [member] | Gross assets [member] | Commercial loans [member] | ||
Disclosure of financial assets [line items] | ||
Beginning balance | 96,974 | 100,922 |
- Net Transfer to stage 2 | (1,819) | (7,725) |
New financial assets originated or purchased | 55,102 | 63,208 |
Financial assets that have been derecognized | (64,764) | (18,057) |
Foreign exchange and other movements | (28,398) | (41,374) |
Ending balance | 57,095 | 96,974 |
Individually assessed for credit losses [member] | Stage 2 [member] | Lifetime expected credit losses [member] | Gross assets [member] | ||
Disclosure of financial assets [line items] | ||
Beginning balance | 507,983 | 499,537 |
- Net Transfer to stage 2 | 1,819 | 8,551 |
- Net Transfer to stage 3 | (5,851) | (129,888) |
- Changes due to modifications that did not result in derecognition | (3,302) | (1,306) |
New financial assets originated or purchased | 104,838 | 216,737 |
Financial assets that have been derecognized | (109,898) | (174,661) |
Foreign exchange and other movements | 57,058 | 89,013 |
Ending balance | 552,647 | 507,983 |
Individually assessed for credit losses [member] | Stage 2 [member] | Lifetime expected credit losses [member] | Gross assets [member] | Commercial loans [member] | ||
Disclosure of financial assets [line items] | ||
Beginning balance | 507,983 | 499,537 |
- Net Transfer to stage 2 | 1,819 | 8,551 |
- Net Transfer to stage 3 | (5,851) | (129,888) |
- Changes due to modifications that did not result in derecognition | (3,302) | (1,306) |
New financial assets originated or purchased | 104,838 | 216,737 |
Financial assets that have been derecognized | (109,898) | (174,661) |
Foreign exchange and other movements | 57,058 | 89,013 |
Ending balance | 552,647 | 507,983 |
Individually assessed for credit losses [member] | Stage 3 [member] | Lifetime expected credit losses [member] | Gross assets [member] | ||
Disclosure of financial assets [line items] | ||
Beginning balance | 591,812 | 488,495 |
- Net Transfer to stage 2 | (826) | |
- Net Transfer to stage 3 | 5,851 | 129,888 |
- Charge-offs | (24,983) | (538) |
- Changes due to modifications that did not result in derecognition | 660 | 3,503 |
New financial assets originated or purchased | 65,754 | 184,719 |
Financial assets that have been derecognized | (174,173) | (193,388) |
Foreign exchange and other movements | (29,667) | (20,041) |
Ending balance | 435,254 | 591,812 |
Individually assessed for credit losses [member] | Stage 3 [member] | Lifetime expected credit losses [member] | Gross assets [member] | Commercial loans [member] | ||
Disclosure of financial assets [line items] | ||
Beginning balance | 591,812 | 488,495 |
- Net Transfer to stage 2 | (826) | |
- Net Transfer to stage 3 | 5,851 | 129,888 |
- Charge-offs | (24,983) | (538) |
- Changes due to modifications that did not result in derecognition | 660 | 3,503 |
New financial assets originated or purchased | 65,754 | 184,719 |
Financial assets that have been derecognized | (174,173) | (193,388) |
Foreign exchange and other movements | (29,667) | (20,041) |
Ending balance | 435,254 | 591,812 |
Collectively assessed for credit losses [member] | Gross assets [member] | ||
Disclosure of financial assets [line items] | ||
Beginning balance | 23,546,591 | 21,529,027 |
- Charge-offs | (318,559) | (292,117) |
- Changes due to modifications that did not result in derecognition | (302,711) | (294,305) |
New financial assets originated or purchased | 10,318,458 | 11,952,827 |
Financial assets that have been derecognized | (7,232,474) | (9,410,807) |
Foreign exchange and other movements | (448,516) | 61,966 |
Ending balance | 25,562,789 | 23,546,591 |
Collectively assessed for credit losses [member] | Gross assets [member] | Commercial loans [member] | ||
Disclosure of financial assets [line items] | ||
Beginning balance | 14,475,901 | 13,719,845 |
- Charge-offs | (165,504) | (147,515) |
- Changes due to modifications that did not result in derecognition | (212,811) | (190,246) |
New financial assets originated or purchased | 7,456,933 | 7,921,032 |
Financial assets that have been derecognized | (5,974,820) | (6,917,301) |
Foreign exchange and other movements | (167,674) | 90,086 |
Ending balance | 15,412,025 | 14,475,901 |
Collectively assessed for credit losses [member] | Stage1 [member] | 12-month expected credit losses [member] | Gross assets [member] | ||
Disclosure of financial assets [line items] | ||
Beginning balance | 19,955,723 | 16,327,018 |
Changes in the allowances - Net Transfer to stage 1 | 404,225 | 1,184,076 |
- Net Transfer to stage 2 | (835,792) | (554,440) |
- Net Transfer to stage 3 | (151,827) | (73,679) |
- Charge-offs | (33,187) | (18,776) |
- Changes due to modifications that did not result in derecognition | (271,885) | (270,726) |
New financial assets originated or purchased | 9,469,441 | 10,860,705 |
Financial assets that have been derecognized | (6,425,979) | (7,562,147) |
Foreign exchange and other movements | (421,452) | 63,692 |
Ending balance | 21,689,267 | 19,955,723 |
Collectively assessed for credit losses [member] | Stage1 [member] | 12-month expected credit losses [member] | Gross assets [member] | Commercial loans [member] | ||
Disclosure of financial assets [line items] | ||
Beginning balance | 11,715,299 | 10,427,978 |
Changes in the allowances - Net Transfer to stage 1 | 216,667 | 362,152 |
- Net Transfer to stage 2 | (449,530) | (401,663) |
- Net Transfer to stage 3 | (87,462) | (50,688) |
- Charge-offs | (7,870) | (4,209) |
- Changes due to modifications that did not result in derecognition | (183,462) | (176,687) |
New financial assets originated or purchased | 6,922,591 | 7,101,166 |
Financial assets that have been derecognized | (5,331,140) | (5,643,512) |
Foreign exchange and other movements | (181,407) | 100,762 |
Ending balance | 12,613,686 | 11,715,299 |
Collectively assessed for credit losses [member] | Stage 2 [member] | Lifetime expected credit losses [member] | Gross assets [member] | ||
Disclosure of financial assets [line items] | ||
Beginning balance | 2,733,535 | 4,277,136 |
Changes in the allowances - Net Transfer to stage 1 | (388,610) | (1,171,376) |
- Net Transfer to stage 2 | 865,671 | 599,608 |
- Net Transfer to stage 3 | (199,790) | (137,518) |
- Charge-offs | (46,996) | (44,191) |
- Changes due to modifications that did not result in derecognition | (27,727) | (21,168) |
New financial assets originated or purchased | 636,437 | 869,602 |
Financial assets that have been derecognized | (641,774) | (1,608,876) |
Foreign exchange and other movements | (30,639) | (29,682) |
Ending balance | 2,900,107 | 2,733,535 |
Collectively assessed for credit losses [member] | Stage 2 [member] | Lifetime expected credit losses [member] | Gross assets [member] | Commercial loans [member] | ||
Disclosure of financial assets [line items] | ||
Beginning balance | 2,080,676 | 2,564,516 |
Changes in the allowances - Net Transfer to stage 1 | (206,748) | (358,832) |
- Net Transfer to stage 2 | 464,539 | 425,316 |
- Net Transfer to stage 3 | (110,493) | (71,184) |
- Charge-offs | (14,142) | (11,082) |
- Changes due to modifications that did not result in derecognition | (24,686) | (10,277) |
New financial assets originated or purchased | 390,724 | 665,143 |
Financial assets that have been derecognized | (507,356) | (1,088,960) |
Foreign exchange and other movements | (1,531) | (33,964) |
Ending balance | 2,070,983 | 2,080,676 |
Collectively assessed for credit losses [member] | Stage 3 [member] | Lifetime expected credit losses [member] | Gross assets [member] | ||
Disclosure of financial assets [line items] | ||
Beginning balance | 857,333 | 924,873 |
Changes in the allowances - Net Transfer to stage 1 | (15,615) | (12,700) |
- Net Transfer to stage 2 | (29,879) | (45,168) |
- Net Transfer to stage 3 | 351,617 | 211,197 |
- Charge-offs | (238,376) | (229,150) |
- Changes due to modifications that did not result in derecognition | (3,099) | (2,411) |
New financial assets originated or purchased | 212,580 | 222,520 |
Financial assets that have been derecognized | (164,721) | (239,784) |
Foreign exchange and other movements | 3,575 | 27,956 |
Ending balance | 973,415 | 857,333 |
Collectively assessed for credit losses [member] | Stage 3 [member] | Lifetime expected credit losses [member] | Gross assets [member] | Commercial loans [member] | ||
Disclosure of financial assets [line items] | ||
Beginning balance | 679,926 | 727,351 |
Changes in the allowances - Net Transfer to stage 1 | (9,919) | (3,320) |
- Net Transfer to stage 2 | (15,009) | (23,653) |
- Net Transfer to stage 3 | 197,955 | 121,872 |
- Charge-offs | (143,492) | (132,224) |
- Changes due to modifications that did not result in derecognition | (4,663) | (3,282) |
New financial assets originated or purchased | 143,618 | 154,723 |
Financial assets that have been derecognized | (136,324) | (184,829) |
Foreign exchange and other movements | 15,264 | 23,288 |
Ending balance | $ 727,356 | $ 679,926 |
Loans and Accounts Receivable_9
Loans and Accounts Receivable From Customers - Movements in Loan Portfolio disaggregated by individually and grouped assessed loans - Mortgage loans (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of financial assets [line items] | |||
Allowance for loan losses | $ 937,994 | $ 978,754 | |
Net carrying amount | 25,711,811 | 23,795,548 | |
Mortgages loans [member] | |||
Disclosure of financial assets [line items] | |||
- Increases due to change in credit risk | (43,274) | (23,189) | |
Decreases due to change in credit risk | (12,936) | (15,587) | |
- Changes due to modifications that did not result in derecognition | 617 | 84 | |
New financial assets originated or purchased | (4,696) | (20,928) | |
Financial assets that have been derecognized | 5,005 | 20,708 | |
Foreign exchange and other movements | 2,110 | (89) | |
Allowance for loan losses | 100,844 | 77,298 | $ 73,465 |
Net carrying amount | 6,929,766 | 6,167,673 | |
Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | (24,743,360) | (22,617,981) | |
- Charge-offs | 343,542 | 292,655 | |
- Changes due to modifications that did not result in derecognition | 305,353 | 292,108 | |
New financial assets originated or purchased | (10,544,152) | (12,417,491) | |
Financial assets that have been derecognized | 7,581,309 | 9,796,913 | |
Foreign exchange and other movements | 449,523 | (89,564) | |
Ending balance | (26,607,785) | (24,743,360) | |
Gross assets [member] | Mortgages loans [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | (6,244,971) | ||
Ending balance | (7,030,610) | (6,244,971) | |
Collectively assessed for credit losses [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | (23,546,591) | (21,529,027) | |
- Charge-offs | 318,559 | 292,117 | |
- Changes due to modifications that did not result in derecognition | 302,711 | 294,305 | |
New financial assets originated or purchased | (10,318,458) | (11,952,827) | |
Financial assets that have been derecognized | 7,232,474 | 9,410,807 | |
Foreign exchange and other movements | 448,516 | (61,966) | |
Ending balance | (25,562,789) | (23,546,591) | |
Collectively assessed for credit losses [member] | Gross assets [member] | Mortgages loans [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | (6,244,971) | (5,316,753) | |
- Charge-offs | 12,373 | 11,402 | |
- Changes due to modifications that did not result in derecognition | 32,985 | 46,338 | |
New financial assets originated or purchased | (1,235,962) | (2,453,883) | |
Financial assets that have been derecognized | 281,308 | 1,431,188 | |
Foreign exchange and other movements | 123,657 | 36,737 | |
Ending balance | (7,030,610) | (6,244,971) | |
Collectively assessed for credit losses [member] | Stage1 [member] | 12-month expected credit losses [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | (19,955,723) | (16,327,018) | |
Changes in the allowances - Net Transfer to stage 1 | (404,225) | (1,184,076) | |
- Net Transfer to stage 2 | 835,792 | 554,440 | |
- Net Transfer to stage 3 | 151,827 | 73,679 | |
- Charge-offs | 33,187 | 18,776 | |
- Changes due to modifications that did not result in derecognition | 271,885 | 270,726 | |
New financial assets originated or purchased | (9,469,441) | (10,860,705) | |
Financial assets that have been derecognized | 6,425,979 | 7,562,147 | |
Foreign exchange and other movements | 421,452 | (63,692) | |
Ending balance | (21,689,267) | (19,955,723) | |
Collectively assessed for credit losses [member] | Stage1 [member] | 12-month expected credit losses [member] | Gross assets [member] | Mortgages loans [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | (5,815,884) | (4,166,515) | |
Changes in the allowances - Net Transfer to stage 1 | (73,851) | (527,946) | |
- Net Transfer to stage 2 | 226,002 | 47,731 | |
- Net Transfer to stage 3 | 23,085 | 4,862 | |
- Charge-offs | 118 | ||
- Changes due to modifications that did not result in derecognition | 31,722 | 43,602 | |
New financial assets originated or purchased | (1,189,931) | (2,342,992) | |
Financial assets that have been derecognized | 246,095 | 1,081,369 | |
Foreign exchange and other movements | 104,540 | 44,005 | |
Ending balance | (6,448,104) | (5,815,884) | |
Collectively assessed for credit losses [member] | Stage 2 [member] | Lifetime expected credit losses [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | (2,733,535) | (4,277,136) | |
Changes in the allowances - Net Transfer to stage 1 | 388,610 | 1,171,376 | |
- Net Transfer to stage 2 | (865,671) | (599,608) | |
- Net Transfer to stage 3 | 199,790 | 137,518 | |
- Charge-offs | 46,996 | 44,191 | |
- Changes due to modifications that did not result in derecognition | 27,727 | 21,168 | |
New financial assets originated or purchased | (636,437) | (869,602) | |
Financial assets that have been derecognized | 641,774 | 1,608,876 | |
Foreign exchange and other movements | 30,639 | 29,682 | |
Ending balance | (2,900,107) | (2,733,535) | |
Collectively assessed for credit losses [member] | Stage 2 [member] | Lifetime expected credit losses [member] | Gross assets [member] | Mortgages loans [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | (314,060) | (1,025,921) | |
Changes in the allowances - Net Transfer to stage 1 | 71,983 | 525,493 | |
- Net Transfer to stage 2 | (237,397) | (62,549) | |
- Net Transfer to stage 3 | 59,052 | 26,414 | |
- Charge-offs | 233 | 84 | |
- Changes due to modifications that did not result in derecognition | 1,306 | 2,804 | |
New financial assets originated or purchased | (40,387) | (83,827) | |
Financial assets that have been derecognized | 18,252 | 305,420 | |
Foreign exchange and other movements | 10,455 | (1,978) | |
Ending balance | (430,563) | (314,060) | |
Collectively assessed for credit losses [member] | Stage 3 [member] | Lifetime expected credit losses [member] | Gross assets [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | (857,333) | (924,873) | |
Changes in the allowances - Net Transfer to stage 1 | 15,615 | 12,700 | |
- Net Transfer to stage 2 | 29,879 | 45,168 | |
- Net Transfer to stage 3 | (351,617) | (211,197) | |
- Charge-offs | 238,376 | 229,150 | |
- Changes due to modifications that did not result in derecognition | 3,099 | 2,411 | |
New financial assets originated or purchased | (212,580) | (222,520) | |
Financial assets that have been derecognized | 164,721 | 239,784 | |
Foreign exchange and other movements | (3,575) | (27,956) | |
Ending balance | (973,415) | (857,333) | |
Collectively assessed for credit losses [member] | Stage 3 [member] | Lifetime expected credit losses [member] | Gross assets [member] | Mortgages loans [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | (115,027) | (124,317) | |
Changes in the allowances - Net Transfer to stage 1 | 1,868 | 2,453 | |
- Net Transfer to stage 2 | 11,395 | 14,818 | |
- Net Transfer to stage 3 | (82,137) | (31,276) | |
- Charge-offs | 12,022 | 11,318 | |
- Changes due to modifications that did not result in derecognition | (43) | (68) | |
New financial assets originated or purchased | (5,644) | (27,064) | |
Financial assets that have been derecognized | 16,961 | 44,399 | |
Foreign exchange and other movements | 8,662 | (5,290) | |
Ending balance | $ (151,943) | $ (115,027) |
Loans and Accounts Receivabl_10
Loans and Accounts Receivable From Customers - Movements in Loan Portfolio disaggregated by individually and grouped assessed loans - Consumer loans (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of financial assets [line items] | ||
Allowance for loan losses | $ 937,994 | $ 978,754 |
Loans and receivables from customers | 25,711,811 | 23,795,548 |
Consumer loans [member] | ||
Disclosure of financial assets [line items] | ||
- Increases due to change in credit risk | (114,689) | |
Decreases due to change in credit risk | (37,972) | |
- Changes due to modifications that did not result in derecognition | 193 | |
New financial assets originated or purchased | (143,375) | |
Financial assets that have been derecognized | 31,933 | |
Foreign exchange and other movements | 13,229 | |
Allowance for loan losses | 273,931 | 189,485 |
Loans and receivables from customers | 2,846,223 | 2,636,234 |
Gross assets [member] | ||
Disclosure of financial assets [line items] | ||
Beginning balance | (24,743,360) | (22,617,981) |
- Charge-offs | 343,542 | 292,655 |
- Changes due to modifications that did not result in derecognition | 305,353 | 292,108 |
New financial assets originated or purchased | (10,544,152) | (12,417,491) |
Financial assets that have been derecognized | 7,581,309 | 9,796,913 |
Foreign exchange and other movements | 449,523 | (89,564) |
Ending balance | (26,607,785) | (24,743,360) |
Gross assets [member] | Consumer loans [member] | ||
Disclosure of financial assets [line items] | ||
Beginning balance | (2,825,719) | |
Ending balance | (3,120,154) | (2,825,719) |
Allowances for loan losses [member] | ||
Disclosure of financial assets [line items] | ||
Allowance for loan losses | 895,974 | 947,812 |
Allowances for loan losses [member] | Consumer loans [member] | ||
Disclosure of financial assets [line items] | ||
Allowance for loan losses | 273,931 | 189,485 |
Collectively assessed for credit losses [member] | Gross assets [member] | ||
Disclosure of financial assets [line items] | ||
Beginning balance | (23,546,591) | (21,529,027) |
- Charge-offs | 318,559 | 292,117 |
- Changes due to modifications that did not result in derecognition | 302,711 | 294,305 |
New financial assets originated or purchased | (10,318,458) | (11,952,827) |
Financial assets that have been derecognized | 7,232,474 | 9,410,807 |
Foreign exchange and other movements | 448,516 | (61,966) |
Ending balance | (25,562,789) | (23,546,591) |
Collectively assessed for credit losses [member] | Gross assets [member] | Consumer loans [member] | ||
Disclosure of financial assets [line items] | ||
Beginning balance | (2,825,719) | (2,492,429) |
- Charge-offs | 140,682 | 133,200 |
- Changes due to modifications that did not result in derecognition | 56,915 | 57,721 |
New financial assets originated or purchased | (1,625,563) | (1,577,912) |
Financial assets that have been derecognized | 976,346 | 1,062,318 |
Foreign exchange and other movements | 157,185 | (8,617) |
Ending balance | (3,120,154) | (2,825,719) |
Collectively assessed for credit losses [member] | Allowances for loan losses [member] | ||
Disclosure of financial assets [line items] | ||
Allowance for loan losses | 749,624 | 691,721 |
Collectively assessed for credit losses [member] | Allowances for loan losses [member] | Consumer loans [member] | ||
Disclosure of financial assets [line items] | ||
Allowance for loan losses | 273,931 | 189,485 |
Collectively assessed for credit losses [member] | Stage1 [member] | 12-month expected credit losses [member] | Gross assets [member] | ||
Disclosure of financial assets [line items] | ||
Beginning balance | (19,955,723) | (16,327,018) |
Changes in the allowances - Net Transfer to stage 1 | (404,225) | (1,184,076) |
- Net Transfer to stage 2 | 835,792 | 554,440 |
- Net Transfer to stage 3 | 151,827 | 73,679 |
- Charge-offs | 33,187 | 18,776 |
- Changes due to modifications that did not result in derecognition | 271,885 | 270,726 |
New financial assets originated or purchased | (9,469,441) | (10,860,705) |
Financial assets that have been derecognized | 6,425,979 | 7,562,147 |
Foreign exchange and other movements | 421,452 | (63,692) |
Ending balance | (21,689,267) | (19,955,723) |
Collectively assessed for credit losses [member] | Stage1 [member] | 12-month expected credit losses [member] | Gross assets [member] | Consumer loans [member] | ||
Disclosure of financial assets [line items] | ||
Beginning balance | (2,424,540) | (1,732,525) |
Changes in the allowances - Net Transfer to stage 1 | (113,707) | (293,979) |
- Net Transfer to stage 2 | 160,260 | 105,046 |
- Net Transfer to stage 3 | 41,280 | 18,129 |
- Charge-offs | 25,199 | 14,567 |
- Changes due to modifications that did not result in derecognition | 56,701 | 50,437 |
New financial assets originated or purchased | (1,356,919) | (1,416,547) |
Financial assets that have been derecognized | 848,744 | 837,266 |
Foreign exchange and other movements | 135,505 | (6,934) |
Ending balance | (2,627,477) | (2,424,540) |
Collectively assessed for credit losses [member] | Stage 2 [member] | Lifetime expected credit losses [member] | Gross assets [member] | ||
Disclosure of financial assets [line items] | ||
Beginning balance | (2,733,535) | (4,277,136) |
Changes in the allowances - Net Transfer to stage 1 | 388,610 | 1,171,376 |
- Net Transfer to stage 2 | (865,671) | (599,608) |
- Net Transfer to stage 3 | 199,790 | 137,518 |
- Charge-offs | 46,996 | 44,191 |
- Changes due to modifications that did not result in derecognition | 27,727 | 21,168 |
New financial assets originated or purchased | (636,437) | (869,602) |
Financial assets that have been derecognized | 641,774 | 1,608,876 |
Foreign exchange and other movements | 30,639 | 29,682 |
Ending balance | (2,900,107) | (2,733,535) |
Collectively assessed for credit losses [member] | Stage 2 [member] | Lifetime expected credit losses [member] | Gross assets [member] | Consumer loans [member] | ||
Disclosure of financial assets [line items] | ||
Beginning balance | (338,799) | (686,699) |
Changes in the allowances - Net Transfer to stage 1 | 109,879 | 287,052 |
- Net Transfer to stage 2 | (163,735) | (111,742) |
- Net Transfer to stage 3 | 30,245 | 39,920 |
- Charge-offs | 32,621 | 33,025 |
- Changes due to modifications that did not result in derecognition | 1,735 | 8,087 |
New financial assets originated or purchased | (205,326) | (120,632) |
Financial assets that have been derecognized | 116,166 | 214,496 |
Foreign exchange and other movements | 18,653 | (2,306) |
Ending balance | (398,561) | (338,799) |
Collectively assessed for credit losses [member] | Stage 3 [member] | Lifetime expected credit losses [member] | Gross assets [member] | ||
Disclosure of financial assets [line items] | ||
Beginning balance | (857,333) | (924,873) |
Changes in the allowances - Net Transfer to stage 1 | 15,615 | 12,700 |
- Net Transfer to stage 2 | 29,879 | 45,168 |
- Net Transfer to stage 3 | (351,617) | (211,197) |
- Charge-offs | 238,376 | 229,150 |
- Changes due to modifications that did not result in derecognition | 3,099 | 2,411 |
New financial assets originated or purchased | (212,580) | (222,520) |
Financial assets that have been derecognized | 164,721 | 239,784 |
Foreign exchange and other movements | (3,575) | (27,956) |
Ending balance | (973,415) | (857,333) |
Collectively assessed for credit losses [member] | Stage 3 [member] | Lifetime expected credit losses [member] | Gross assets [member] | Consumer loans [member] | ||
Disclosure of financial assets [line items] | ||
Beginning balance | (62,380) | (73,205) |
Changes in the allowances - Net Transfer to stage 1 | 3,828 | 6,927 |
- Net Transfer to stage 2 | 3,475 | 6,696 |
- Net Transfer to stage 3 | (71,525) | (58,049) |
- Charge-offs | 82,862 | 85,608 |
- Changes due to modifications that did not result in derecognition | (1,521) | (803) |
New financial assets originated or purchased | (63,318) | (40,733) |
Financial assets that have been derecognized | 11,436 | 10,556 |
Foreign exchange and other movements | 3,027 | 623 |
Ending balance | $ (94,116) | $ (62,380) |
Loans and Accounts Receivabl_11
Loans and Accounts Receivable From Customers - Movements in Credit Risk Provisions (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | $ (978,754) | |
Ending balance | (937,994) | $ (978,754) |
Commercial loans [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | (681,029) | (747,617) |
- Increases due to change in credit risk | (98,680) | (146,676) |
Decreases due to change in credit risk | 86,955 | 52,968 |
- Charge-offs | 102,109 | 61,536 |
- Changes due to modifications that did not result in derecognition | 25,936 | |
New financial assets originated or purchased | (121,662) | |
New financial assets originated or purchased | (210,999) | |
Financial assets that have been derecognized | 141,544 | 290,422 |
Foreign exchange and other movements | 49,564 | (6,599) |
Ending balance | (521,199) | (681,029) |
Mortgages loans [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | (77,298) | (73,465) |
- Increases due to change in credit risk | (43,274) | (23,189) |
Decreases due to change in credit risk | 12,936 | 15,587 |
- Charge-offs | 3,756 | 3,994 |
- Changes due to modifications that did not result in derecognition | 617 | 84 |
New financial assets originated or purchased | (4,696) | (20,928) |
Financial assets that have been derecognized | 5,005 | 20,708 |
Foreign exchange and other movements | 2,110 | (89) |
Ending balance | (100,844) | (77,298) |
Consumer loans [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | (189,485) | |
- Increases due to change in credit risk | (114,689) | |
Decreases due to change in credit risk | 37,972 | |
- Charge-offs | 90,291 | |
- Changes due to modifications that did not result in derecognition | 193 | |
New financial assets originated or purchased | (143,375) | |
Financial assets that have been derecognized | 31,933 | |
Foreign exchange and other movements | 13,229 | |
Ending balance | (273,931) | (189,485) |
Loans and receivables to Amortized Cost [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | (947,812) | (1,041,873) |
- Increases due to change in credit risk | (256,643) | (234,623) |
Decreases due to change in credit risk | 137,863 | 125,986 |
- Charge-offs | 196,156 | 153,702 |
- Changes due to modifications that did not result in derecognition | 810 | 26,842 |
New financial assets originated or purchased | (269,734) | |
New financial assets originated or purchased | (328,124) | |
Financial assets that have been derecognized | 178,482 | 357,874 |
Foreign exchange and other movements | 64,904 | (7,596) |
Ending balance | (895,974) | (947,812) |
Individually Evaluated [Member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | (256,091) | (321,444) |
- Increases due to change in credit risk | (10,625) | (44,610) |
Decreases due to change in credit risk | 13,782 | 1,285 |
- Charge-offs | 20,031 | 538 |
New financial assets originated or purchased | (12,106) | |
New financial assets originated or purchased | (67,474) | |
Financial assets that have been derecognized | 53,779 | 151,856 |
Foreign exchange and other movements | 44,880 | 23,758 |
Ending balance | (146,350) | (256,091) |
Individually Evaluated [Member] | Commercial loans [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | (256,091) | (321,444) |
- Increases due to change in credit risk | (10,625) | (44,610) |
Decreases due to change in credit risk | 13,782 | 1,285 |
- Charge-offs | 20,031 | 538 |
New financial assets originated or purchased | (12,106) | |
New financial assets originated or purchased | (67,474) | |
Financial assets that have been derecognized | 53,779 | 151,856 |
Foreign exchange and other movements | 44,880 | 23,758 |
Ending balance | (146,350) | (256,091) |
Individually Evaluated [Member] | Stage1 [member] | 12-month expected credit losses [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | (1,473) | (46) |
- Transfers to stage 2 | 42 | 434 |
- Increases due to change in credit risk | (551) | |
New financial assets originated or purchased | 630 | |
New financial assets originated or purchased | (923) | |
Financial assets that have been derecognized | 871 | 54 |
Foreign exchange and other movements | (70) | (441) |
Ending balance | (1,473) | |
Individually Evaluated [Member] | Stage1 [member] | Commercial loans [member] | 12-month expected credit losses [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | (1,473) | (46) |
- Transfers to stage 2 | 42 | 434 |
- Increases due to change in credit risk | (551) | |
New financial assets originated or purchased | 630 | |
New financial assets originated or purchased | (923) | |
Financial assets that have been derecognized | 871 | 54 |
Foreign exchange and other movements | (70) | (441) |
Ending balance | (1,473) | |
Individually Evaluated [Member] | Stage 2 [member] | Lifetime expected credit losses [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | (41,439) | (66,280) |
- Transfers to stage 2 | (42) | (896) |
- Transfers to stage 3 | 2,186 | 38,161 |
- Increases due to change in credit risk | (5,371) | (13,174) |
Decreases due to change in credit risk | 3,515 | 1,033 |
New financial assets originated or purchased | (2,229) | |
New financial assets originated or purchased | (9,685) | |
Financial assets that have been derecognized | 3,227 | 16,584 |
Foreign exchange and other movements | 15,730 | (7,182) |
Ending balance | (24,423) | (41,439) |
Individually Evaluated [Member] | Stage 2 [member] | Commercial loans [member] | Lifetime expected credit losses [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | (41,439) | (66,280) |
- Transfers to stage 2 | (42) | (896) |
- Transfers to stage 3 | 2,186 | 38,161 |
- Increases due to change in credit risk | (5,371) | (13,174) |
Decreases due to change in credit risk | 3,515 | 1,033 |
New financial assets originated or purchased | (2,229) | |
New financial assets originated or purchased | (9,685) | |
Financial assets that have been derecognized | 3,227 | 16,584 |
Foreign exchange and other movements | 15,730 | (7,182) |
Ending balance | (24,423) | (41,439) |
Individually Evaluated [Member] | Stage 3 [member] | Lifetime expected credit losses [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | (213,179) | (255,118) |
- Transfers to stage 2 | 462 | |
- Transfers to stage 3 | (2,186) | (38,161) |
- Increases due to change in credit risk | (5,254) | (30,885) |
Decreases due to change in credit risk | 10,267 | 252 |
- Charge-offs | 20,031 | 538 |
New financial assets originated or purchased | (10,507) | |
New financial assets originated or purchased | (56,866) | |
Financial assets that have been derecognized | 49,681 | 135,218 |
Foreign exchange and other movements | 29,220 | 31,381 |
Ending balance | (121,927) | (213,179) |
Individually Evaluated [Member] | Stage 3 [member] | Commercial loans [member] | Lifetime expected credit losses [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | (213,179) | (255,118) |
- Transfers to stage 2 | 462 | |
- Transfers to stage 3 | (2,186) | (38,161) |
- Increases due to change in credit risk | (5,254) | (30,885) |
Decreases due to change in credit risk | 10,267 | 252 |
- Charge-offs | 20,031 | 538 |
New financial assets originated or purchased | (10,507) | |
New financial assets originated or purchased | (56,866) | |
Financial assets that have been derecognized | 49,681 | 135,218 |
Foreign exchange and other movements | 29,220 | 31,381 |
Ending balance | (121,927) | (213,179) |
Group [Member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | (691,721) | (720,429) |
- Increases due to change in credit risk | (246,018) | (190,013) |
Decreases due to change in credit risk | 124,081 | 124,701 |
- Charge-offs | 176,125 | 153,164 |
- Changes due to modifications that did not result in derecognition | 810 | 26,842 |
New financial assets originated or purchased | (257,628) | |
New financial assets originated or purchased | (260,650) | |
Financial assets that have been derecognized | 124,703 | 206,018 |
Foreign exchange and other movements | 20,024 | (31,354) |
Ending balance | (749,624) | (691,721) |
Group [Member] | Commercial loans [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | (424,938) | (426,173) |
- Increases due to change in credit risk | (88,055) | (102,066) |
Decreases due to change in credit risk | 73,173 | 51,683 |
- Charge-offs | 82,078 | 60,998 |
- Changes due to modifications that did not result in derecognition | 25,936 | |
New financial assets originated or purchased | (109,556) | |
New financial assets originated or purchased | (143,525) | |
Financial assets that have been derecognized | 87,765 | 138,566 |
Foreign exchange and other movements | 4,684 | (30,357) |
Ending balance | (374,849) | (424,938) |
Group [Member] | Mortgages loans [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | (77,298) | (73,465) |
- Increases due to change in credit risk | (43,274) | (23,189) |
Decreases due to change in credit risk | 12,936 | 15,587 |
- Charge-offs | 3,756 | 3,994 |
- Changes due to modifications that did not result in derecognition | 617 | 84 |
New financial assets originated or purchased | (4,696) | (20,928) |
Financial assets that have been derecognized | 5,005 | 20,708 |
Foreign exchange and other movements | 2,110 | (89) |
Ending balance | (100,844) | (77,298) |
Group [Member] | Consumer loans [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | (189,485) | (220,791) |
- Increases due to change in credit risk | (114,689) | (64,758) |
Decreases due to change in credit risk | 37,972 | 57,431 |
- Charge-offs | 90,291 | 88,172 |
- Changes due to modifications that did not result in derecognition | 193 | 822 |
New financial assets originated or purchased | (143,375) | (96,197) |
Financial assets that have been derecognized | 31,933 | 46,744 |
Foreign exchange and other movements | 13,229 | (908) |
Ending balance | (273,931) | (189,485) |
Group [Member] | Stage1 [member] | 12-month expected credit losses [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | (157,514) | (165,461) |
- Transfers to stage 1 | (42,333) | (59,643) |
- Transfers to stage 2 | 13,819 | 14,455 |
- Transfers to stage 3 | 5,437 | 3,441 |
- Increases due to change in credit risk | (30,680) | (18,682) |
Decreases due to change in credit risk | 55,723 | 89,207 |
- Charge-offs | 2,155 | 2,050 |
New financial assets originated or purchased | (86,195) | |
New financial assets originated or purchased | (76,803) | |
Financial assets that have been derecognized | 34,463 | 55,342 |
Foreign exchange and other movements | 11,591 | (1,420) |
Ending balance | (193,534) | (157,514) |
Group [Member] | Stage1 [member] | Commercial loans [member] | 12-month expected credit losses [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | (75,229) | (88,080) |
- Transfers to stage 1 | (17,319) | (15,914) |
- Transfers to stage 2 | 4,510 | 6,528 |
- Transfers to stage 3 | 2,634 | 1,659 |
- Increases due to change in credit risk | (7,105) | (11,167) |
Decreases due to change in credit risk | 18,490 | 30,711 |
- Charge-offs | 280 | 75 |
New financial assets originated or purchased | (35,392) | |
New financial assets originated or purchased | (33,106) | |
Financial assets that have been derecognized | 19,317 | 34,738 |
Foreign exchange and other movements | 5,220 | (673) |
Ending balance | (84,594) | (75,229) |
Group [Member] | Stage1 [member] | Mortgages loans [member] | 12-month expected credit losses [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | (14,156) | (10,732) |
- Transfers to stage 1 | (5,326) | (12,872) |
- Transfers to stage 2 | 2,007 | 584 |
- Transfers to stage 3 | 303 | 50 |
- Increases due to change in credit risk | (6,863) | (2,301) |
Decreases due to change in credit risk | 7,986 | 13,384 |
- Charge-offs | 1 | |
New financial assets originated or purchased | (2,256) | (4,314) |
Financial assets that have been derecognized | 803 | 2,505 |
Foreign exchange and other movements | 453 | (460) |
Ending balance | (17,048) | (14,156) |
Group [Member] | Stage1 [member] | Consumer loans [member] | 12-month expected credit losses [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | (68,129) | (66,649) |
- Transfers to stage 1 | (19,688) | (30,857) |
- Transfers to stage 2 | 7,302 | 7,343 |
- Transfers to stage 3 | 2,500 | 1,732 |
- Increases due to change in credit risk | (16,712) | (5,214) |
Decreases due to change in credit risk | 29,247 | 45,112 |
- Charge-offs | 1,874 | 1,975 |
New financial assets originated or purchased | (48,547) | (39,383) |
Financial assets that have been derecognized | 14,343 | 18,099 |
Foreign exchange and other movements | 5,918 | (287) |
Ending balance | (91,892) | (68,129) |
Group [Member] | Stage 2 [member] | Lifetime expected credit losses [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | (263,466) | (280,410) |
- Transfers to stage 1 | 37,546 | 54,981 |
- Transfers to stage 2 | (22,291) | (25,098) |
- Transfers to stage 3 | 38,399 | 27,535 |
- Increases due to change in credit risk | (94,015) | (67,529) |
Decreases due to change in credit risk | 53,623 | 27,141 |
- Charge-offs | 12,899 | 12,455 |
New financial assets originated or purchased | (68,560) | |
New financial assets originated or purchased | (86,958) | |
Financial assets that have been derecognized | 31,720 | 80,384 |
Foreign exchange and other movements | 337 | (5,967) |
Ending balance | (273,808) | (263,466) |
Group [Member] | Stage 2 [member] | Commercial loans [member] | Lifetime expected credit losses [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | (141,308) | (126,543) |
- Transfers to stage 1 | 15,103 | 15,319 |
- Transfers to stage 2 | (8,905) | (11,787) |
- Transfers to stage 3 | 17,474 | 10,759 |
- Increases due to change in credit risk | (23,979) | (33,454) |
Decreases due to change in credit risk | 42,322 | 13,275 |
- Charge-offs | 1,538 | 1,178 |
New financial assets originated or purchased | (14,486) | |
New financial assets originated or purchased | (46,729) | |
Financial assets that have been derecognized | 15,591 | 41,738 |
Foreign exchange and other movements | (5,884) | (5,064) |
Ending balance | (102,534) | (141,308) |
Group [Member] | Stage 2 [member] | Mortgages loans [member] | Lifetime expected credit losses [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | (44,636) | (48,514) |
- Transfers to stage 1 | 4,962 | 12,465 |
- Transfers to stage 2 | (4,056) | (2,273) |
- Transfers to stage 3 | 10,001 | 3,488 |
- Increases due to change in credit risk | (29,260) | (13,318) |
Decreases due to change in credit risk | 3,079 | 1,923 |
- Charge-offs | 48 | 17 |
New financial assets originated or purchased | (1,297) | (11,890) |
Financial assets that have been derecognized | 1,944 | 13,904 |
Foreign exchange and other movements | 1,286 | (438) |
Ending balance | (57,929) | (44,636) |
Group [Member] | Stage 2 [member] | Consumer loans [member] | Lifetime expected credit losses [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | (77,522) | (105,353) |
- Transfers to stage 1 | 17,481 | 27,197 |
- Transfers to stage 2 | (9,331) | (11,038) |
- Transfers to stage 3 | 10,924 | 13,288 |
- Increases due to change in credit risk | (40,776) | (20,757) |
Decreases due to change in credit risk | 8,222 | 11,943 |
- Charge-offs | 11,313 | 11,260 |
New financial assets originated or purchased | (52,776) | (28,339) |
Financial assets that have been derecognized | 14,185 | 24,742 |
Foreign exchange and other movements | 4,935 | (465) |
Ending balance | (113,345) | (77,522) |
Group [Member] | Stage 3 [member] | Lifetime expected credit losses [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | (270,741) | (274,558) |
- Transfers to stage 1 | 4,787 | 4,662 |
- Transfers to stage 2 | 8,472 | 10,643 |
- Transfers to stage 3 | (43,836) | (30,976) |
- Increases due to change in credit risk | (121,323) | (103,802) |
Decreases due to change in credit risk | 14,735 | 8,353 |
- Charge-offs | 161,071 | 138,659 |
- Changes due to modifications that did not result in derecognition | 810 | 26,842 |
New financial assets originated or purchased | (102,873) | |
New financial assets originated or purchased | (96,889) | |
Financial assets that have been derecognized | 58,520 | 70,292 |
Foreign exchange and other movements | 8,096 | (23,967) |
Ending balance | (282,282) | (270,741) |
Group [Member] | Stage 3 [member] | Commercial loans [member] | Lifetime expected credit losses [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | (208,401) | (211,550) |
- Transfers to stage 1 | 2,216 | 595 |
- Transfers to stage 2 | 4,395 | 5,259 |
- Transfers to stage 3 | (20,108) | (12,418) |
- Increases due to change in credit risk | (56,971) | (57,445) |
Decreases due to change in credit risk | 12,361 | 7,697 |
- Charge-offs | 80,260 | 59,745 |
- Changes due to modifications that did not result in derecognition | 25,936 | |
New financial assets originated or purchased | (59,678) | |
New financial assets originated or purchased | (63,690) | |
Financial assets that have been derecognized | 52,857 | 62,090 |
Foreign exchange and other movements | 5,348 | (24,620) |
Ending balance | (187,721) | (208,401) |
Group [Member] | Stage 3 [member] | Mortgages loans [member] | Lifetime expected credit losses [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | (18,506) | (14,219) |
- Transfers to stage 1 | 364 | 407 |
- Transfers to stage 2 | 2,049 | 1,689 |
- Transfers to stage 3 | (10,304) | (3,538) |
- Increases due to change in credit risk | (7,151) | (7,570) |
Decreases due to change in credit risk | 1,871 | 280 |
- Charge-offs | 3,707 | 3,977 |
- Changes due to modifications that did not result in derecognition | 617 | 84 |
New financial assets originated or purchased | (1,143) | (4,724) |
Financial assets that have been derecognized | 2,258 | 4,299 |
Foreign exchange and other movements | 371 | 809 |
Ending balance | (25,867) | (18,506) |
Group [Member] | Stage 3 [member] | Consumer loans [member] | Lifetime expected credit losses [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | (43,834) | (48,789) |
- Transfers to stage 1 | 2,207 | 3,660 |
- Transfers to stage 2 | 2,029 | 3,695 |
- Transfers to stage 3 | (13,424) | (15,020) |
- Increases due to change in credit risk | (57,201) | (38,787) |
Decreases due to change in credit risk | 503 | 376 |
- Charge-offs | 77,104 | 74,937 |
- Changes due to modifications that did not result in derecognition | 193 | 822 |
New financial assets originated or purchased | (42,052) | (28,475) |
Financial assets that have been derecognized | 3,405 | 3,903 |
Foreign exchange and other movements | 2,376 | (156) |
Ending balance | $ (68,694) | $ (43,834) |
Loans and Accounts Receivabl_12
Loans and Accounts Receivable From Customers - Schedule of Detail of Loans and Receivables Sold (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of financial assets [line items] | ||
Credit value | $ 170,987 | |
Provision | 130,584 | |
Provision | $ 233,612 | 208,859 |
Sale value | 47,977 | |
Exchange differences | 18 | |
Results recognized in the year | 7,592 | |
Current portfolio [member] | ||
Disclosure of financial assets [line items] | ||
Credit value | 170,987 | |
Provision | 130,584 | |
Sale value | 44,548 | |
Exchange differences | 183 | |
Results recognized in the year | 4,328 | |
Charge-offs [member] | ||
Disclosure of financial assets [line items] | ||
Sale value | 3,429 | |
Exchange differences | (165) | |
Results recognized in the year | 3,264 | |
CAE portfolio [member] | ||
Disclosure of financial assets [line items] | ||
Credit value | 29,054 | 51,716 |
Provision | (380) | (997) |
Sale value | 34,481 | 60,028 |
Adjustment to EIR | 1,073 | 4,769 |
Results recognized in the year | $ 4,734 | $ 4,540 |
Investment Instruments - Detail
Investment Instruments - Detail of Investment Instruments Measured at FVOCI (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through other comprehensive income | $ 3,735,290 | $ 3,660,450 |
Financial instruments at amortized cost | 1,013,943 | 187,455 |
Total | 4,749,233 | 3,847,905 |
Debt And Equity Instrument [Member] | ||
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through other comprehensive income | 3,735,290 | 3,660,450 |
Financial instruments at amortized cost | 1,013,943 | 187,455 |
Total | 4,749,233 | 3,847,905 |
Debt Instrument [Member] | ||
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through other comprehensive income | 3,725,425 | 3,650,044 |
Financial instruments at amortized cost | 1,013,943 | 187,455 |
Total | 4,739,368 | 3,837,499 |
Equity Instrument [Member] | ||
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through other comprehensive income | 9,865 | 10,406 |
Total | $ 9,865 | $ 10,406 |
Investment Instruments - Deta_2
Investment Instruments - Detail of Financial Instruments Measured at FVOCI (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through other comprehensive income | $ 3,735,290 | $ 3,660,450 |
Financial instruments at amortized cost | 1,013,943 | 187,455 |
Total | 4,749,233 | 3,847,905 |
Time deposits in local banks [member] | Other Chilean securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through other comprehensive income | 114,567 | |
Total | 114,567 | |
Chilean financial institution bonds [member] | Other Chilean securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through other comprehensive income | 119,302 | |
Total | 119,302 | |
Other local investments [member] | Other Chilean securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through other comprehensive income | 90,790 | 15,840 |
Total | 90,790 | 15,840 |
Foreign government and central bank instruments [member] | Securities issued abroad [member] | ||
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through other comprehensive income | 311,319 | 45,386 |
Total | 311,319 | 45,386 |
Other foreign investments [member] | Securities issued abroad [member] | ||
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through other comprehensive income | 236,843 | 366,487 |
Financial instruments at amortized cost | 159,582 | 187,455 |
Total | 396,425 | 553,942 |
Other Financial Instruments [member] | Equity instruments [member] | ||
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through other comprehensive income | 9,865 | 10,406 |
Total | 9,865 | 10,406 |
Chilean Central Bank and Government Securities [member] | Chilean Central Bank Securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through other comprehensive income | 2,227,029 | 1,918,659 |
Total | 2,227,029 | 1,918,659 |
Chilean Central Bank and Government Securities [member] | Chilean treasury bonds[member] | ||
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through other comprehensive income | 618,208 | 1,060,379 |
Financial instruments at amortized cost | 854,361 | |
Total | 1,472,569 | 1,060,379 |
Chilean Central Bank and Government Securities [member] | Other government securities [member] | ||
Disclosure of financial assets [line items] | ||
Financial instruments at fair value through other comprehensive income | 126,669 | 123,991 |
Total | $ 126,669 | $ 123,991 |
Investment Instruments - Additi
Investment Instruments - Additional Information (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of financial assets [line items] | ||
Highly liquid financial instruments | $ 1,927,284 | $ 1,347,463 |
Unrealized gain and (loss) total | 200,096 | |
Unrealized gain and (loss) total | 511,007 | |
Financial assets at fair value through other comprehensive income [member] | ||
Disclosure of financial assets [line items] | ||
Highly liquid financial instruments | 1,766,265 | 1,217,042 |
Financial Investments Available-for-Sale [member] | ||
Disclosure of financial assets [line items] | ||
Unrealized gain and (loss) total | 46,883 | 120,380 |
Financial Investments Available-for-Sale [member] | Total Attributable to Equity Holders of the Bank [Member] | ||
Disclosure of financial assets [line items] | ||
Unrealized gain and (loss) total | 13,941 | 128,644 |
Financial Investments Available-for-Sale [member] | Non controlling Interest [Member] | ||
Disclosure of financial assets [line items] | ||
Unrealized gain and (loss) total | $ 32,942 | $ 9,504 |
Investment instruments - Summar
Investment instruments - Summary of Portfolio of Debt Securities Classified as Investment Instruments at Fair Value through Other Comprehensive Income Includes Impairment (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Loans and receivables to Amortized Cost [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
- Increases due to change in credit risk | $ (256,643) | $ (234,623) |
- Decreases due to change in credit risk | (137,863) | (125,986) |
- Charge-offs | 196,156 | 153,702 |
New financial assets originated or purchased | (328,124) | |
Financial assets that have been derecognized | (178,482) | (357,874) |
Foreign exchange and other movements | 64,904 | (7,596) |
Financial instruments credit-impaired [member] | Investments in equity instruments designated at fair value through other comprehensive income [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | (651) | (911) |
Changes in the allowances - Net Transfer to stage 1 | 0 | 0 |
Net Transfer to stage 2 | 0 | 0 |
Net Transfer to stage 3 | 0 | 0 |
- Increases due to change in credit risk | (125) | (847) |
- Decreases due to change in credit risk | 263 | 487 |
- Charge-offs | 0 | 0 |
Changes due to modifications that did not result in derecognition | 3 | 0 |
New financial assets originated or purchased | (260) | (93) |
Financial assets that have been derecognized | (460) | (715) |
Changes in models/risk parameters | 0 | 0 |
Foreign exchange and other movements | 7 | (2) |
Ending balance | (303) | (651) |
Financial instruments credit-impaired [member] | 12-month expected credit losses [member] | Stage1 [member] | Investments in equity instruments designated at fair value through other comprehensive income [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | (651) | (911) |
Changes in the allowances - Net Transfer to stage 1 | 0 | 0 |
Net Transfer to stage 2 | 0 | 0 |
Net Transfer to stage 3 | 0 | 0 |
- Increases due to change in credit risk | (125) | (847) |
- Decreases due to change in credit risk | 263 | 487 |
- Charge-offs | 0 | 0 |
Changes due to modifications that did not result in derecognition | 3 | 0 |
New financial assets originated or purchased | (260) | (93) |
Financial assets that have been derecognized | (460) | (715) |
Changes in models/risk parameters | 0 | 0 |
Foreign exchange and other movements | 7 | (2) |
Ending balance | (303) | (651) |
Financial instruments credit-impaired [member] | Lifetime expected credit losses [member] | Stage 2 [member] | Investments in equity instruments designated at fair value through other comprehensive income [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | 0 | 0 |
Changes in the allowances - Net Transfer to stage 1 | 0 | 0 |
Net Transfer to stage 2 | 0 | 0 |
Net Transfer to stage 3 | 0 | 0 |
- Increases due to change in credit risk | 0 | 0 |
- Decreases due to change in credit risk | 0 | 0 |
- Charge-offs | 0 | 0 |
Changes due to modifications that did not result in derecognition | 0 | 0 |
New financial assets originated or purchased | 0 | 0 |
Financial assets that have been derecognized | 0 | 0 |
Changes in models/risk parameters | 0 | 0 |
Foreign exchange and other movements | 0 | 0 |
Ending balance | 0 | 0 |
Financial instruments credit-impaired [member] | Lifetime expected credit losses [member] | Stage 3 [member] | Investments in equity instruments designated at fair value through other comprehensive income [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | 0 | 0 |
Changes in the allowances - Net Transfer to stage 1 | 0 | 0 |
Net Transfer to stage 2 | 0 | 0 |
Net Transfer to stage 3 | 0 | 0 |
- Increases due to change in credit risk | 0 | 0 |
- Decreases due to change in credit risk | 0 | 0 |
- Charge-offs | 0 | 0 |
Changes due to modifications that did not result in derecognition | 0 | 0 |
New financial assets originated or purchased | 0 | 0 |
Financial assets that have been derecognized | 0 | 0 |
Changes in models/risk parameters | 0 | 0 |
Foreign exchange and other movements | 0 | 0 |
Ending balance | $ 0 | $ 0 |
Investment instruments - Summ_2
Investment instruments - Summary of Portfolio of Investment Instruments at Amortized Cost Includes Impairment (Detail) - Financial Instruments At Amortised Cost Category [member] - Financial instruments at amortized cost [member] - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | $ (127) | $ (101) |
Changes in the allowances - Net Transfer to stage 1 | 0 | 0 |
Net Transfer to stage 2 | 0 | 0 |
Net Transfer to stage 3 | 0 | 0 |
- Increases due to change in credit risk | (1) | (121) |
- Decreases due to change in credit risk | 127 | 95 |
- Charge-offs | 0 | 0 |
Changes due to modifications that did not result in derecognition | 0 | 0 |
New financial assets originated or purchased | (35) | 0 |
Financial assets that have been derecognized | 0 | 0 |
Changes in models/risk parameters | 0 | 0 |
Foreign exchange and other movements | 2 | 0 |
Ending balance | (34) | (127) |
12-month expected credit losses [member] | Stage1 [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | (127) | (101) |
Changes in the allowances - Net Transfer to stage 1 | 0 | 0 |
Net Transfer to stage 2 | 0 | 0 |
Net Transfer to stage 3 | 0 | 0 |
- Increases due to change in credit risk | (1) | (121) |
- Decreases due to change in credit risk | 127 | 95 |
- Charge-offs | 0 | 0 |
Changes due to modifications that did not result in derecognition | 0 | 0 |
New financial assets originated or purchased | (35) | |
Financial assets that have been derecognized | 0 | |
Changes in models/risk parameters | 0 | 0 |
Foreign exchange and other movements | 2 | 0 |
Ending balance | (34) | (127) |
Lifetime expected credit losses [member] | Stage 2 [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | 0 | 0 |
Changes in the allowances - Net Transfer to stage 1 | 0 | 0 |
Net Transfer to stage 2 | 0 | 0 |
Net Transfer to stage 3 | 0 | 0 |
- Increases due to change in credit risk | 0 | 0 |
- Decreases due to change in credit risk | 0 | 0 |
- Charge-offs | 0 | 0 |
Changes due to modifications that did not result in derecognition | 0 | 0 |
New financial assets originated or purchased | 0 | 0 |
Financial assets that have been derecognized | 0 | 0 |
Changes in models/risk parameters | 0 | 0 |
Foreign exchange and other movements | 0 | 0 |
Ending balance | 0 | 0 |
Lifetime expected credit losses [member] | Stage 3 [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | 0 | 0 |
Changes in the allowances - Net Transfer to stage 1 | 0 | 0 |
Net Transfer to stage 2 | 0 | 0 |
Net Transfer to stage 3 | 0 | 0 |
- Increases due to change in credit risk | 0 | 0 |
- Decreases due to change in credit risk | 0 | 0 |
- Charge-offs | 0 | 0 |
Changes due to modifications that did not result in derecognition | 0 | 0 |
New financial assets originated or purchased | 0 | 0 |
Financial assets that have been derecognized | 0 | 0 |
Changes in models/risk parameters | 0 | 0 |
Foreign exchange and other movements | 0 | 0 |
Ending balance | $ 0 | $ 0 |
Investment Instruments - Schedu
Investment Instruments - Schedule of Unrealized Gains and Losses on the FVTOCI Portfolio (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of financial assets [line items] | ||
Acquisition cost | $ 3,782,173 | $ 3,780,830 |
Unrealized Gains | 18,505 | 21,588 |
Unrealized Losses | (65,388) | (141,968) |
Fair Value | 3,735,290 | 3,660,450 |
Time deposits in local banks [member] | Other Chilean securities [member] | ||
Disclosure of financial assets [line items] | ||
Acquisition cost | 115,391 | |
Unrealized Gains | 148 | |
Unrealized Losses | (972) | |
Fair Value | 114,567 | |
Chilean financial institution bonds [member] | Other Chilean securities [member] | ||
Disclosure of financial assets [line items] | ||
Acquisition cost | 121,983 | |
Unrealized Gains | 49 | |
Unrealized Losses | (2,730) | |
Fair Value | 119,302 | |
Other local investments [member] | Other Chilean securities [member] | ||
Disclosure of financial assets [line items] | ||
Acquisition cost | 94,583 | 15,992 |
Unrealized Gains | 80 | |
Unrealized Losses | (3,793) | (232) |
Fair Value | 90,790 | 15,840 |
Foreign government and central bank instruments [member] | Securities issued abroad [member] | ||
Disclosure of financial assets [line items] | ||
Acquisition cost | 323,937 | 30,336 |
Unrealized Gains | 16,085 | 15,332 |
Unrealized Losses | (28,703) | (282) |
Fair Value | 311,319 | 45,386 |
Other foreign investments [member] | Securities issued abroad [member] | ||
Disclosure of financial assets [line items] | ||
Acquisition cost | 246,784 | 380,306 |
Unrealized Gains | 626 | |
Unrealized Losses | (9,941) | (14,445) |
Fair Value | 236,843 | 366,487 |
Unlisted securities [member] | Equity instruments [member] | ||
Disclosure of financial assets [line items] | ||
Acquisition cost | 8,274 | 6,987 |
Unrealized Gains | 1,591 | 3,419 |
Fair Value | 9,865 | 10,406 |
Chilean Central Bank and Government Securities [member] | Chilean Central Bank Securities [member] | ||
Disclosure of financial assets [line items] | ||
Acquisition cost | 2,226,666 | 1,918,411 |
Unrealized Gains | 635 | 533 |
Unrealized Losses | (272) | (285) |
Fair Value | 2,227,029 | 1,918,659 |
Chilean Central Bank and Government Securities [member] | Chilean treasury bonds[member] | ||
Disclosure of financial assets [line items] | ||
Acquisition cost | 625,317 | 1,181,443 |
Unrealized Gains | 46 | 737 |
Unrealized Losses | (7,155) | (121,801) |
Fair Value | 618,208 | 1,060,379 |
Chilean Central Bank and Government Securities [member] | Other government securities [member] | ||
Disclosure of financial assets [line items] | ||
Acquisition cost | 141,221 | 125,372 |
Unrealized Gains | 812 | |
Unrealized Losses | (14,552) | (2,193) |
Fair Value | $ 126,669 | $ 123,991 |
Investment Instruments - Sche_2
Investment Instruments - Schedule of Portfolio of Equity Instruments at Fair Value through Comprehensive Income (Detail) - CLP ($) $ in Millions | 1 Months Ended | ||
Aug. 31, 2020 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | |||
Portfolio of equity instruments at FVTOCI | $ 9,865 | $ 10,406 | |
Cmara de Riesgo Central de Contraparte S.A. (**) | |||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | |||
Percentage of equity interest sold | 2.43% | ||
Investment in domestic entities [member] | |||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | |||
Portfolio of equity instruments at FVTOCI | 4,197 | 3,703 | |
Investment in foreign entities [member] | A.C.H Colombia | |||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | |||
Portfolio of equity instruments at FVTOCI | 1,568 | 1,158 | |
Investment in foreign entities [member] | Redeban Multicolor S.A. | |||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | |||
Portfolio of equity instruments at FVTOCI | 641 | 768 | |
Investment in foreign entities [member] | Cmara de Riesgo Central de Contraparte S.A. (**) | |||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | |||
Portfolio of equity instruments at FVTOCI | 308 | 867 | |
Investment in foreign entities [member] | Bolsa de Valores de Colombia | |||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | |||
Portfolio of equity instruments at FVTOCI | 569 | 900 | |
Investment in foreign entities [member] | Credibanco | |||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | |||
Portfolio of equity instruments at FVTOCI | 2,568 | 2,994 | |
Investment in foreign entities [member] | Patrimonio Autnomo Fiducredicorp (Comisionista) | |||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | |||
Portfolio of equity instruments at FVTOCI | $ 14 | $ 16 |
Investment Instruments - Sche_3
Investment Instruments - Schedule of Amount Recognized in Profit and Loss and Other Comprehensive Income (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of financial assets [abstract] | ||
Dividends from equity investments held at FVOCI recognized in profit or loss | $ 1,795 | $ 1,870 |
Related to investments derecognized during the period | (24,918) | (32,954) |
Totals | $ (23,123) | $ (31,084) |
Investment in Associates - Summ
Investment in Associates - Summary of Investments in Associates and Financial Information (Details) $ in Millions, $ in Millions | 1 Months Ended | 3 Months Ended | 12 Months Ended | ||||
Nov. 30, 2021 shares | Jun. 30, 2021 | Dec. 31, 2022 CLP ($) shares | Dec. 31, 2021 CLP ($) shares | Dec. 31, 2020 CLP ($) shares | Dec. 31, 2022 USD ($) shares | Dec. 31, 2019 shares | |
Disclosure of associates [line items] | |||||||
Investment amount | $ 11,584 | $ 9,152 | $ 7,149 | ||||
Income | 2,429 | (287) | (2,794) | ||||
Assets | 40,320,766 | 37,600,243 | $ 47,197 | ||||
LIABILITIES | 37,002,977 | 34,275,022 | |||||
Equity | 2,687,951 | 2,688,131 | 1,862,826 | ||||
Income | $ 443,360 | $ 276,237 | $ (826,155) | ||||
Number of share outstanding | shares | 973,517,871,202 | 973,517,871,202 | 512,406,760,091 | 973,517,871,202 | 512,406,760,091 | ||
Associates | |||||||
Disclosure of associates [line items] | |||||||
Assets | $ 1,542,129 | $ 1,381,942 | |||||
LIABILITIES | 1,410,624 | 1,266,316 | |||||
Equity | 103,672 | 124,140 | |||||
Income | $ 27,833 | $ (8,514) | |||||
Nexus S.A [member] | |||||||
Disclosure of associates [line items] | |||||||
Entity's share | 14.8148% | ||||||
Income | $ 468 | ||||||
Assets | 21,145 | ||||||
LIABILITIES | 9,673 | ||||||
Equity | 8,310 | ||||||
Income | $ 3,162 | ||||||
Transbank S.A | |||||||
Disclosure of associates [line items] | |||||||
Entity's share | 8.7188% | 8.7188% | |||||
Investment amount | $ 9,672 | $ 7,399 | |||||
Income | 2,270 | (1,085) | |||||
Assets | 1,498,207 | 1,317,587 | |||||
LIABILITIES | 1,387,278 | 1,232,689 | |||||
Equity | 84,898 | 97,337 | |||||
Income | $ 26,031 | $ (12,439) | |||||
Combanc S.A. [Member] | |||||||
Disclosure of associates [line items] | |||||||
Entity's share | 9.81% | 9.81% | 9.81% | 9.81% | |||
Investment amount | $ 745 | $ 670 | |||||
Income | 80 | 260 | |||||
Assets | 8,358 | 7,569 | |||||
LIABILITIES | 1,004 | 931 | |||||
Equity | 6,424 | 6,246 | |||||
Income | $ 930 | $ 392 | |||||
Percentage of voting equity interests acquired | 1.63% | ||||||
Equity Interests Acquired, Number Of Instruments | shares | 157 | ||||||
Imerc OTC S.A. [Member] | |||||||
Disclosure of associates [line items] | |||||||
Entity's share | 8.6624% | 8.6624% | |||||
Investment amount | $ 1,167 | $ 1,083 | |||||
Income | 79 | 70 | |||||
Assets | 35,564 | 35,641 | |||||
LIABILITIES | 22,342 | 23,023 | |||||
Equity | 12,350 | 12,247 | |||||
Income | $ 872 | $ 371 |
Investment in Associates - Sche
Investment in Associates - Schedule of Dividends Received from Associates and Movements in Investments in Associates (Details) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Movements In Investments In Associate [Roll Forward] | ||
Balances as of January 1, | $ 9,152 | $ 7,149 |
Investment acquisition | 106 | |
Sale of investments | (1,279) | |
Participation in income | 2,429 | 2,304 |
Transbank capital | 872 | |
Other | 3 | |
Totals | 11,584 | 9,152 |
Transbank S.A | ||
Movements In Investments In Associate [Roll Forward] | ||
Balances as of January 1, | 7,399 | |
Totals | $ 9,672 | $ 7,399 |
Intangible Assets - Schedule of
Intangible Assets - Schedule of Intangibles Assets (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about intangible assets [line items] | |||
Net assets balance | $ 693,790 | $ 699,344 | $ 718,683 |
Gross assets [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net assets balance | 985,816 | 949,603 | 920,165 |
Accumulated amortization [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net assets balance | $ (292,026) | $ (250,259) | (201,482) |
Software or computer programs [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Useful life years | 6 years | 6 years | |
Remaining amortization years | 2 years | 3 years | |
Net assets balance | $ 158,677 | $ 142,536 | 140,180 |
Software or computer programs [member] | Gross assets [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net assets balance | 304,260 | 268,047 | 238,609 |
Software or computer programs [member] | Accumulated amortization [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net assets balance | (145,583) | (125,511) | (98,429) |
Goodwill from business combinations [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net assets balance | 492,512 | 492,512 | 492,512 |
Goodwill from business combinations [member] | Gross assets [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net assets balance | $ 492,512 | $ 492,512 | 492,512 |
Other intangible assets arising from business combinations [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Useful life years | 9 years | 9 years | |
Remaining amortization years | 2 years | 3 years | |
Net assets balance | $ 42,601 | $ 64,296 | 85,991 |
Other intangible assets arising from business combinations [member] | Gross assets [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net assets balance | 189,044 | 189,044 | 189,044 |
Other intangible assets arising from business combinations [member] | Accumulated amortization [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Net assets balance | $ (146,443) | $ (124,748) | $ (103,053) |
Intangible Assets - Schedule _2
Intangible Assets - Schedule of Movement of Intangible Assets (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of detailed information about intangible assets [line items] | ||
Beginning, balances | $ 699,344 | $ 718,683 |
Ending, balances | 693,790 | 699,344 |
Software or computer programs [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning, balances | 142,536 | 140,180 |
Ending, balances | 158,677 | 142,536 |
Goodwill from business combinations [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning, balances | 492,512 | 492,512 |
Ending, balances | 492,512 | 492,512 |
Other intangible assets arising from business combinations [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning, balances | 64,296 | 85,991 |
Ending, balances | 42,601 | 64,296 |
Gross assets [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning, balances | 949,603 | 920,165 |
Additions | 49,918 | 38,624 |
Disposals | (806) | (14,828) |
Exchange differences | (12,575) | 1,224 |
Others | (324) | 4,418 |
Ending, balances | 985,816 | 949,603 |
Gross assets [member] | Software or computer programs [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning, balances | 268,047 | 238,609 |
Additions | 49,918 | 38,624 |
Disposals | (806) | (14,828) |
Exchange differences | (12,575) | 1,224 |
Others | (324) | 4,418 |
Ending, balances | 304,260 | 268,047 |
Gross assets [member] | Goodwill from business combinations [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning, balances | 492,512 | 492,512 |
Ending, balances | 492,512 | 492,512 |
Gross assets [member] | Other intangible assets arising from business combinations [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning, balances | 189,044 | 189,044 |
Ending, balances | $ 189,044 | $ 189,044 |
Intangible Assets - Schedule _3
Intangible Assets - Schedule of Movements of Accumulated Amortization of Intangible Assets (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of detailed information about intangible assets [line items] | ||
Beginning, balances | $ 699,344 | $ 718,683 |
Ending, balances | 693,790 | 699,344 |
Software or computer programs [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning, balances | 142,536 | 140,180 |
Ending, balances | 158,677 | 142,536 |
Goodwill from business combinations [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning, balances | 492,512 | 492,512 |
Ending, balances | 492,512 | 492,512 |
Other intangible assets arising from business combinations [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning, balances | 64,296 | 85,991 |
Ending, balances | 42,601 | 64,296 |
Accumulated depreciation, amortisation and impairment [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning, balances | (250,259) | (201,482) |
Amortization for the year | (54,716) | (55,791) |
Exchange differences | 7,728 | (994) |
Others | 5,221 | 8,008 |
Ending, balances | (292,026) | (250,259) |
Accumulated depreciation, amortisation and impairment [member] | Software or computer programs [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning, balances | (125,511) | (98,429) |
Amortization for the year | (33,021) | (34,096) |
Exchange differences | 7,728 | (994) |
Others | 5,221 | 8,008 |
Ending, balances | (145,583) | (125,511) |
Accumulated depreciation, amortisation and impairment [member] | Other intangible assets arising from business combinations [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning, balances | (124,748) | (103,053) |
Amortization for the year | (21,695) | (21,695) |
Ending, balances | $ (146,443) | $ (124,748) |
Property, Plant and Equipment -
Property, Plant and Equipment - Schedule of Property, Plant and Equipment (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net Balance | $ 60,196 | $ 71,933 | $ 80,615 |
Gross assets [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net Balance | 182,559 | 201,141 | 197,886 |
Accumulated Depreciation [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net Balance | $ (122,363) | $ (129,208) | (117,271) |
Buildings [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Useful life years | 26 years | 26 years | |
Remaining depreciation years | 14 years | 15 years | |
Net Balance | $ 28,653 | $ 32,648 | 36,653 |
Buildings [member] | Gross assets [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net Balance | 61,920 | 75,719 | 73,312 |
Buildings [member] | Accumulated Depreciation [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net Balance | (33,267) | (43,071) | (36,658) |
Land [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net Balance | 2,319 | 3,548 | 3,507 |
Land [member] | Gross assets [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net Balance | $ 2,319 | $ 3,548 | 3,506 |
Equipment [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Useful life years | 6 years | 6 years | |
Remaining depreciation years | 3 years | 4 years | |
Net Balance | $ 19,312 | $ 23,798 | 27,650 |
Equipment [member] | Gross assets [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net Balance | 82,885 | 85,835 | 85,404 |
Equipment [member] | Accumulated Depreciation [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net Balance | (63,573) | (62,037) | (57,754) |
Other [member]. | Gross assets [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net Balance | 35,435 | 36,039 | 35,664 |
Other [member]. | Accumulated Depreciation [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net Balance | $ (25,523) | $ (24,100) | (22,859) |
Others [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Useful life years | 14 years | 14 years | |
Remaining depreciation years | 8 years | 9 years | |
Net Balance | $ 9,912 | $ 11,939 | $ 12,805 |
Others [member] | Gross assets [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net Balance | 35,435 | 36,039 | |
Others [member] | Accumulated Depreciation [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Net Balance | $ (25,523) | $ (24,100) |
Property, Plant and Equipment_2
Property, Plant and Equipment - Schedule of Movement of Property, Plant and Equipment (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balances | $ 71,933 | $ 80,615 |
Ending, balances | 60,196 | 71,933 |
Buildings [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balances | 32,648 | 36,653 |
Ending, balances | 28,653 | 32,648 |
Land [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balances | 3,548 | 3,507 |
Ending, balances | 2,319 | 3,548 |
Equipment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balances | 23,798 | 27,650 |
Ending, balances | 19,312 | 23,798 |
Gross assets [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balances | 201,141 | 197,886 |
Additions | 14,055 | 10,735 |
Sales and/or disposals for the year | (17,266) | (7,049) |
Impairment | (20) | (467) |
Exchange differences | (12,011) | 250 |
Reclassification from assets held for sale | (2,882) | |
Others | (458) | (214) |
Ending, balances | 182,559 | 201,141 |
Gross assets [member] | Buildings [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balances | 75,719 | 73,312 |
Additions | 6,304 | 3,213 |
Sales and/or disposals for the year | (13,513) | |
Exchange differences | (3,814) | (806) |
Reclassification from assets held for sale | (2,776) | |
Ending, balances | 61,920 | 75,719 |
Gross assets [member] | Land [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balances | 3,548 | 3,506 |
Sales and/or disposals for the year | (89) | |
Exchange differences | (576) | 42 |
Reclassification from assets held for sale | (106) | |
Others | (458) | |
Ending, balances | 2,319 | 3,548 |
Gross assets [member] | Equipment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balances | 85,835 | 85,404 |
Additions | 4,589 | 4,887 |
Sales and/or disposals for the year | (1,224) | (4,663) |
Impairment | (52) | |
Exchange differences | (6,315) | 754 |
Others | (495) | |
Ending, balances | 82,885 | 85,835 |
Gross assets [member] | Other [member]. | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balances | 36,039 | 35,664 |
Additions | 3,162 | 2,635 |
Sales and/or disposals for the year | (2,440) | (2,386) |
Impairment | (20) | (415) |
Exchange differences | (1,306) | 260 |
Others | 281 | |
Ending, balances | $ 35,435 | $ 36,039 |
Property, Plant and Equipment_3
Property, Plant and Equipment - Schedule of Movements of Accumulated Depreciation of Property, Plant and Equipment (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balances | $ 71,933 | $ 80,615 |
Ending, balances | 60,196 | 71,933 |
Buildings [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balances | 32,648 | 36,653 |
Ending, balances | 28,653 | 32,648 |
Land [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balances | 3,548 | 3,507 |
Ending, balances | 2,319 | 3,548 |
Equipment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balances | 23,798 | 27,650 |
Ending, balances | 19,312 | 23,798 |
Accumulated Depreciation [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balances | (129,208) | (117,271) |
Depreciation for the year | (18,920) | (18,608) |
Sales and/or disposals for the year | 15,683 | 6,952 |
Impairment | (10) | 1,140 |
Exchange differences | 8,772 | (1,140) |
Reclassification from assets held for sale | 1,320 | |
Others | (281) | |
Ending, balances | (122,363) | (129,208) |
Accumulated Depreciation [Member] | Buildings [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balances | (43,071) | (36,658) |
Depreciation for the year | (6,562) | (6,920) |
Sales and/or disposals for the year | 12,811 | |
Impairment | 705 | |
Exchange differences | 2,235 | (198) |
Reclassification from assets held for sale | 1,320 | |
Ending, balances | (33,267) | (43,071) |
Accumulated Depreciation [Member] | Equipment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balances | (62,037) | (57,754) |
Depreciation for the year | (7,864) | (8,217) |
Sales and/or disposals for the year | 1,034 | 4,645 |
Impairment | 52 | |
Exchange differences | 5,294 | (763) |
Ending, balances | (63,573) | (62,037) |
Accumulated Depreciation [Member] | Other [member]. | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Opening balances | (24,100) | (22,859) |
Depreciation for the year | (4,494) | (3,471) |
Sales and/or disposals for the year | 1,838 | 2,307 |
Impairment | (10) | 383 |
Exchange differences | 1,243 | (179) |
Others | (281) | |
Ending, balances | $ (25,523) | $ (24,100) |
Assets for Rights-of-Use and _3
Assets for Rights-of-Use and Obligations for Lease Contracts - Schedule of Lease Agreements (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of quantitative information about right-of-use assets [line items] | |||
Right of use assets | $ 89,539 | $ 110,781 | $ 146,008 |
Gross assets [member] | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Right of use assets | 164,052 | 175,510 | 196,165 |
Accumulated Depreciation [Member] | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Right of use assets | $ (74,513) | $ (64,729) | (50,157) |
Buildings [member] | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Years of useful life | 8 years | 7 years | |
Years of average remaining useful life | 5 years | 5 years | |
Right of use assets | $ 89,539 | $ 110,743 | 145,906 |
Buildings [member] | Gross assets [member] | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Right of use assets | 164,052 | 175,358 | 195,992 |
Buildings [member] | Accumulated Depreciation [Member] | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Right of use assets | $ (74,513) | $ (64,615) | (50,086) |
Other leased assets [member] | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Years of useful life | 3 years | 3 years | |
Years of average remaining useful life | 3 years | ||
Right of use assets | $ 38 | 102 | |
Other leased assets [member] | Gross assets [member] | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Right of use assets | 152 | 173 | |
Other leased assets [member] | Accumulated Depreciation [Member] | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Right of use assets | $ (114) | $ (71) |
Assets for Rights-of-Use and _4
Assets for Rights-of-Use and Obligations for Lease Contracts - Schedule of Movement in Gross Balance for Right of Use Assets (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of quantitative information about right-of-use assets [line items] | |||
Opening balance | $ 110,781 | $ 146,008 | |
Depreciation of assets for rights to use of assets | (22,551) | (27,184) | $ (29,993) |
Ending balances | 89,539 | 110,781 | 146,008 |
Buildings [member] | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Opening balance | 110,743 | 145,906 | |
Ending balances | 89,539 | 110,743 | 145,906 |
Other leased assets [member] | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Opening balance | 38 | 102 | |
Ending balances | 38 | 102 | |
Gross assets [member] | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Opening balance | 175,510 | 196,165 | |
Additions | 9,113 | 4,674 | |
Disposals due to early termination | (15,494) | (32,728) | |
Remeasurements of the liability due to modifications | (8,990) | (728) | |
Inflation indexation adjustments | 9,248 | 6,252 | |
Exchange difference | (5,335) | 1,875 | |
Ending balances | 164,052 | 175,510 | 196,165 |
Gross assets [member] | Buildings [member] | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Opening balance | 175,358 | 195,992 | |
Additions | 9,113 | 4,674 | |
Disposals due to early termination | (15,372) | (32,712) | |
Remeasurements of the liability due to modifications | (8,985) | (728) | |
Inflation indexation adjustments | 9,248 | 6,258 | |
Exchange difference | (5,310) | 1,874 | |
Ending balances | 164,052 | 175,358 | 195,992 |
Gross assets [member] | Other leased assets [member] | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Opening balance | 152 | 173 | |
Disposals due to early termination | (122) | (16) | |
Remeasurements of the liability due to modifications | (5) | ||
Inflation indexation adjustments | (6) | ||
Exchange difference | (25) | 1 | |
Ending balances | 152 | 173 | |
Accumulated Depreciation [Member] | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Opening balance | (64,729) | (50,157) | |
Depreciation of assets for rights to use of assets | (22,551) | (27,184) | |
Disposals due to early termination | 9,915 | 13,349 | |
Exchange difference | 2,717 | (737) | |
Reclassifications | 135 | ||
Ending balances | (74,513) | (64,729) | (50,157) |
Accumulated Depreciation [Member] | Buildings [member] | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Opening balance | (64,615) | (50,086) | |
Depreciation of assets for rights to use of assets | (22,518) | (27,125) | |
Disposals due to early termination | 9,790 | 13,333 | |
Exchange difference | 2,695 | (737) | |
Reclassifications | 135 | ||
Ending balances | (74,513) | (64,615) | (50,086) |
Accumulated Depreciation [Member] | Other leased assets [member] | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Opening balance | (114) | (71) | |
Depreciation of assets for rights to use of assets | (33) | (59) | |
Disposals due to early termination | 125 | 16 | |
Exchange difference | $ 22 | ||
Ending balances | $ (114) | $ (71) |
Assets for Rights-of-Use and _5
Assets for Rights-of-Use and Obligations for Lease Contracts - Schedule of Lease Obligations (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Assets for Rights-of-Use and Obligations for Lease Contracts | |||
Totals | $ 94,575 | $ 115,544 | $ 151,885 |
Assets for Rights-of-Use and _6
Assets for Rights-of-Use and Obligations for Lease Contracts - Schedule of Movement in Lease Liabilities and Cash Flows (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Assets for Rights-of-Use and Obligations for Lease Contracts | ||
Opening balance | $ 115,544 | $ 151,885 |
Additions due to new contracts | 9,113 | 4,674 |
Disposals due to early termination (2) | (5,527) | (20,177) |
Interest expenses | 3,657 | 3,725 |
Remeasurements of the liability due to modifications (1) | (8,908) | (728) |
Inflation indexation adjustments | 9,171 | 6,252 |
Exchange rate adjustments | (22) | 25 |
Exchange difference | (3,776) | 1,435 |
Capital and interest payments | (24,677) | (31,547) |
Ending balance | $ 94,575 | $ 115,544 |
Current Taxes and Deferred Ta_3
Current Taxes and Deferred Taxes - Additional Income (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of geographical areas [abstract] | ||
Net provision for current taxes | $ 88,276 | $ 56,852 |
Current Taxes and Deferred Ta_4
Current Taxes and Deferred Taxes - Schedule of Effect of Current Taxes Assets and Liabilities By Geographic Area (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of geographical areas [line items] | ||
Current tax assets | $ 88,353 | $ 58,184 |
Current tax liabilities | (77) | (1,332) |
Totals, net | 88,276 | 56,852 |
Chile [member] | ||
Disclosure of geographical areas [line items] | ||
Current tax assets | 50,690 | 18,871 |
Current tax liabilities | (393) | |
Totals, net | 50,690 | 18,478 |
Colombia [member] | ||
Disclosure of geographical areas [line items] | ||
Current tax assets | 37,663 | 37,600 |
Current tax liabilities | (77) | (939) |
Totals, net | $ 37,586 | 36,661 |
United States [member] | ||
Disclosure of geographical areas [line items] | ||
Current tax assets | 1,713 | |
Totals, net | $ 1,713 |
Current Taxes and Deferred Ta_5
Current Taxes and Deferred Taxes - Schedule of Details of Current Tax Items by Geographical Area (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of geographical areas [line items] | |||
Income tax, with effect in profit and loss | $ (13,819) | $ (54,676) | |
Income tax, effect on equity, net investments | (7,145) | ||
Income tax, rate 27% | $ (13,819) | $ (61,821) | |
Applicable tax rate | 27% | 27% | 27% |
Monthly Provisional Payment | $ 76,400 | $ 44,923 | |
Tax Credit for Training Costs | 1,000 | 800 | |
Tax Credit Donations | 828 | 732 | |
4% event capital credit | 721 | 1,460 | |
Other taxes to be recovered | 23,146 | 70,758 | |
Totals | 88,276 | 56,852 | |
Chile [member] | |||
Disclosure of geographical areas [line items] | |||
Income tax, with effect in profit and loss | (12,000) | (51,768) | |
Income tax, effect on equity, net investments | (7,145) | ||
Income tax, rate 27% | $ (12,000) | $ (58,913) | |
Applicable tax rate | 27% | 27% | 27% |
Monthly Provisional Payment | $ 51,824 | $ 25,429 | |
Tax Credit for Training Costs | 1,000 | 800 | |
Tax Credit Donations | 828 | 732 | |
4% event capital credit | 721 | 1,460 | |
Other taxes to be recovered | 8,317 | 48,970 | |
Totals | $ 50,690 | $ 18,478 | |
United States [member] | |||
Disclosure of geographical areas [line items] | |||
Applicable tax rate | 21% | 21% | 24.10% |
Other taxes to be recovered | $ 1,713 | ||
Totals | 1,713 | ||
Colombia [member] | |||
Disclosure of geographical areas [line items] | |||
Income tax, with effect in profit and loss | $ (1,819) | (2,908) | |
Income tax, rate 27% | $ (1,819) | $ (2,908) | |
Applicable tax rate | 38% | 34% | 36% |
Monthly Provisional Payment | $ 24,576 | $ 19,494 | |
Other taxes to be recovered | 14,829 | 20,075 | |
Totals | $ 37,586 | $ 36,661 |
Current Taxes and Deferred Ta_6
Current Taxes and Deferred Taxes - Schedule Of Effect On Income (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Income tax expense | |||
Current tax expense | $ (13,819) | $ (54,676) | $ 8,064 |
Deferred taxes | |||
Deferred tax expenses | 34,041 | (52,836) | 109,848 |
Subtotals | 20,222 | (107,512) | 117,912 |
Others | 10,336 | (8,119) | (2,702) |
Net expense for income taxes | $ 30,558 | $ (115,631) | $ 115,210 |
Current Taxes and Deferred Ta_7
Current Taxes and Deferred Taxes - Schedule of Nominal Tax Rates of Countries Where Consolidated Subsidiaries Located (Detail) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of geographical areas [line items] | |||
Rate | 27% | 27% | 27% |
Chile [member] | |||
Disclosure of geographical areas [line items] | |||
Rate | 27% | 27% | 27% |
Colombia [member] | |||
Disclosure of geographical areas [line items] | |||
Rate | 38% | 34% | 36% |
United States [member] | |||
Disclosure of geographical areas [line items] | |||
Rate | 21% | 21% | 24.10% |
Current Taxes and Deferred Ta_8
Current Taxes and Deferred Taxes - Schedule Of Effective Tax Rate Reconciliation (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of geographical areas [line items] | |||
Amount calculated by using the statutory rates | 27% | 27% | 27% |
Equity price level restatement for tax purposes | (37.76%) | (15.85%) | 2.53% |
Capital investments tax exemptions | (0.36%) | (2.58%) | (0.14%) |
Permanent and other differences (*) | (0.72%) | 1.28% | (0.31%) |
Totals | (7.40%) | 29.51% | 12.24% |
Amount calculated by using the statutory rates | $ 111,457 | $ 105,804 | $ 254,169 |
Amount calculated by using the statutory rates | (155,880) | (62,109) | 23,814 |
Capital investments tax exemptions | (1,493) | (10,127) | 1,303 |
Permanent and other differences | (2,989) | 5,032 | (2,887) |
Net expense for income taxes | $ 30,558 | $ (115,631) | $ 115,210 |
Percentage of inflation indexation adjustments | 13.30% | 6.70% | 2.70% |
Colombia [member] | |||
Disclosure of geographical areas [line items] | |||
Amount calculated by using the statutory rates | 38% | 34% | 36% |
Effect of rates subsidiary | (0.78%) | (0.51%) | 1.37% |
Effect of rates subsidiary | (0.40%) | (2.26%) | (0.40%) |
Exchange differences due to investments | 2.94% | 16.51% | 1.94% |
Amount calculated by using the statutory rates | $ 1,992 | $ 12,884 | |
Effect of rates subsidiary | $ 3,228 | ||
Effect of rates subsidiary | 1,644 | 8,860 | (3,804) |
Effect of rate change | (12,133) | (64,713) | (18,285) |
Net expense for income taxes | $ 1,830 | $ 2,735 | $ 41,245 |
United States [member] | |||
Disclosure of geographical areas [line items] | |||
Amount calculated by using the statutory rates | 21% | 21% | 24.10% |
Local tax for USA and Panama income | 2.15% | 0.95% | (0.10%) |
Local tax for USA and Panama income | $ 8,880 | $ 3,728 | $ 931 |
New York [member] | |||
Disclosure of geographical areas [line items] | |||
Effect of rate change | (0.19%) | (0.21%) | (0.00%) |
Goodwill impairment effect | (19.93%) | ||
Effect of rate change | $ 780 | $ 812 | $ 10 |
Goodwill impairment effect | $ 187,633 |
Current Taxes and Deferred Ta_9
Current Taxes and Deferred Taxes - Schedule of "OCI" that may be Reclassified Subsequent to Profit or Loss (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Income Taxes [abstract] | |||
Debt instruments at fair value through other comprehensive income | $ (7,799) | $ 10,569 | $ 1,558 |
Hedge of a net investment in foreign operations | 3,749 | 18,417 | (21,795) |
Cash flow hedge | 15,882 | (19,092) | (3,034) |
Total charge to other comprehensive income | 11,832 | 9,894 | (23,271) |
Income tax relating to defined benefit obligation | (1,061) | (274) | (19) |
Total charge to other comprehensive income | $ (1,061) | $ (274) | $ (19) |
Current Taxes and Deferred T_10
Current Taxes and Deferred Taxes - Summary of Effect for Deferred Taxes Presented Assets and Liabilities (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of deferred income taxes [line items] | ||
Allowances for loan losses | $ 233,612 | $ 208,859 |
Accrued interest on past due portfolio | 11,604 | 3,919 |
Unearned price differences | 950 | 340 |
Personnel provisions | 11,817 | 11,339 |
Contingencie provisions | 38,308 | 54,579 |
Tax losses | 81,182 | 57,248 |
Net tax value of amortizable assets | 1,371 | 1,459 |
Depreciation of property, plant and equipment | (34,768) | (29,541) |
Lease division and others | (31,311) | 17,249 |
Mark to market of financial instruments | (28,587) | (34,892) |
Ita-Corpbanca business combination | (11,502) | (17,399) |
IFRS 16 leases effect | 1,417 | (2,275) |
Others | 519 | 1,326 |
Totals assets (liabilities), net | 274,612 | 272,211 |
Deferred Income Tax Assets [Member] | ||
Disclosure of deferred income taxes [line items] | ||
Allowances for loan losses | 233,612 | 208,859 |
Accrued interest on past due portfolio | 11,604 | 3,919 |
Unearned price differences | 950 | 340 |
Personnel provisions | 11,817 | 11,339 |
Contingencie provisions | 38,308 | 54,579 |
Tax losses | 81,182 | 57,248 |
Net tax value of amortizable assets | 1,371 | 1,459 |
Depreciation of property, plant and equipment | (34,768) | (29,541) |
Lease division and others | (31,311) | 17,249 |
Mark to market of financial instruments | (28,587) | (34,892) |
Ita-Corpbanca business combination | (11,502) | (17,399) |
IFRS 16 leases effect | 1,417 | (2,275) |
Others | 519 | 1,326 |
Totals assets (liabilities), net | $ 274,612 | $ 272,211 |
Current Taxes and Deferred T_11
Current Taxes and Deferred Taxes - Schedule of Deferred Taxes (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of geographical areas [line items] | ||
Deferred tax assets | $ 274,612 | $ 272,211 |
Net by geographic area | 274,612 | 272,211 |
Chile [member] | ||
Disclosure of geographical areas [line items] | ||
Deferred tax assets | 178,996 | 182,981 |
Net by geographic area | 178,996 | 182,981 |
United States [member] | ||
Disclosure of geographical areas [line items] | ||
Deferred tax assets | 16,587 | 15,717 |
Net by geographic area | 16,587 | 15,717 |
Colombia [member] | ||
Disclosure of geographical areas [line items] | ||
Deferred tax assets | 79,029 | 73,513 |
Net by geographic area | $ 79,029 | $ 73,513 |
Current Taxes and Deferred T_12
Current Taxes and Deferred Taxes - Schedule of Effects of Deferred Taxes on Assets and Liabilities (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of geographical areas [line items] | ||
Allowances for loan losses | $ 233,612 | $ 208,859 |
Accrued interest on past due portfolio | 11,604 | 3,919 |
Unearned price differences | 950 | 340 |
Personnel provisions | 11,817 | 11,339 |
Contingencie provisions | 38,308 | 54,579 |
Tax losses | 81,182 | 57,248 |
Net tax value of amortizable assets | 1,371 | 1,459 |
Depreciation of property, plant and equipment | (34,768) | (29,541) |
Lease division and others | (31,311) | 17,249 |
Mark to market of financial instruments | (28,587) | (34,892) |
Ita-Corpbanca business combination | (11,502) | (17,399) |
IFRS 16 leases effect | 1,417 | (2,275) |
Others | 519 | 1,326 |
Totals assets (liabilities), net | 274,612 | 272,211 |
Chile [member] | ||
Disclosure of geographical areas [line items] | ||
Allowances for loan losses | 209,012 | 185,022 |
Accrued interest on past due portfolio | 11,604 | 3,919 |
Unearned price differences | 950 | 340 |
Personnel provisions | 4,973 | 4,286 |
Contingencie provisions | 8,171 | 41,866 |
Tax losses | 46,484 | 3,157 |
Net tax value of amortizable assets | 1,371 | 1,459 |
Depreciation of property, plant and equipment | (35,689) | (29,469) |
Lease division and others | (35,221) | 7,501 |
Mark to market of financial instruments | (18,748) | (16,212) |
Ita-Corpbanca business combination | (11,502) | (17,446) |
IFRS 16 leases effect | 891 | (2,137) |
Others | (3,300) | 695 |
Totals assets (liabilities), net | 178,996 | 182,981 |
United States [member] | ||
Disclosure of geographical areas [line items] | ||
Allowances for loan losses | 142 | (251) |
Personnel provisions | 595 | 393 |
Contingencie provisions | (229) | (1,774) |
Tax losses | 11,744 | 17,038 |
Depreciation of property, plant and equipment | (61) | (56) |
Mark to market of financial instruments | 4,396 | 368 |
IFRS 16 leases effect | (1) | |
Totals assets (liabilities), net | 16,587 | 15,717 |
Colombia [member] | ||
Disclosure of geographical areas [line items] | ||
Allowances for loan losses | 24,458 | 24,088 |
Personnel provisions | 6,249 | 6,660 |
Contingencie provisions | 30,366 | 14,487 |
Tax losses | 22,954 | 37,053 |
Depreciation of property, plant and equipment | 982 | (16) |
Lease division and others | 3,910 | 9,748 |
Mark to market of financial instruments | (14,235) | (19,048) |
Ita-Corpbanca business combination | 47 | |
IFRS 16 leases effect | 526 | (137) |
Others | 3,819 | 631 |
Totals assets (liabilities), net | $ 79,029 | $ 73,513 |
Other Assets and Non-current _3
Other Assets and Non-current Assets Held for Sale - Schedule of Other Assets (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Other Assets And Non Current Assets Held For Sale [abstract] | ||
Assets to be leased out as lessor | $ 16,012 | $ 29,241 |
Cash collateral provided for derivative financial transactions | 456,749 | 582,448 |
Receivables from brokerage of financial instruments | 18,467 | 33,137 |
Accounts receivable from third parties | 43,000 | 88,736 |
Investment properties | 2,536 | 1,169 |
VAT credit receivable | 6,472 | 5,034 |
Prepaid expenses | 30,189 | 27,538 |
Assets for revenue from contracts with customers | 11,042 | 7,508 |
Other cash collateral provided | 2,920 | 2,997 |
Other assets | 42,296 | 32,713 |
Totals | $ 629,683 | $ 810,521 |
Other Asset and Non-current Ass
Other Asset and Non-current Assets Held for Sale - Schedule of Non-Current Assets (Detail) - CLP ($) $ in Millions | 12 Months Ended | |||
Nov. 30, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of Other Assets and Noncurrent Assets Held for Sale [Line Items] | ||||
Assets received in payment | $ 12,873 | $ 10,170 | ||
Assets foreclosed in judicial auction | 7,827 | 478 | ||
Provisions for assets received in payment or foreclosed at judicial auction | 1,746 | |||
Total non-current assets or disposal groups classified as held for sale or as held for distribution to owners | 20,700 | 12,394 | ||
Proportion of ownership interest sold | 100% | |||
Income | 2,429 | $ (287) | $ (2,794) | |
Non-current assets held for sale [member] | Investments in Companies [Member] | ||||
Disclosure of Other Assets and Noncurrent Assets Held for Sale [Line Items] | ||||
Subtotal | $ 1,746 | |||
Disposal groups classified as held for sale [member] | ||||
Disclosure of Other Assets and Noncurrent Assets Held for Sale [Line Items] | ||||
Liabilities included in disposable groups for sale | 1,763 | |||
Income | $ 17 |
Deposits and Other Demand Lia_3
Deposits and Other Demand Liabilities and Time Deposits - Schedule of Deposits and Other Demand Liabilities (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Deposits And Other Demand Liabilities [abstract] | ||
Checking accounts | $ 3,813,559 | $ 4,664,214 |
Other deposits and demand accounts | 1,410,626 | 2,556,021 |
Advance payments received from customers | 22,028 | 38,199 |
Other demand liabilities | 308,972 | 317,661 |
Totals | $ 5,555,185 | $ 7,576,095 |
Deposits and Other Demand Lia_4
Deposits and Other Demand Liabilities and Time Deposits - Schedule of Time Deposits and Other Time Liabilities (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Time Deposits and Other Time Liabilities [abstract] | ||
Time deposits | $ 12,685,710 | $ 10,076,331 |
Time savings accounts | 17,943 | 21,112 |
Totals | $ 12,703,653 | $ 10,097,443 |
Interbank Borrowings - Schedule
Interbank Borrowings - Schedule of Interbank Borrowings (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of detailed information about borrowings [line items] | ||
Total | $ 4,728,323 | $ 4,918,423 |
Loans obtained from local financial institutions [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 3,042,369 | 3,007,242 |
Loans obtained from local financial institutions [member] | Chilean Central Bank [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | $ 3,007,284 | $ 3,007,242 |
Maximum Maturity, Loans Guaranteed | 4 years | 4 years |
Maximum Maturity, Loans Not Guaranteed | 2 years | 2 years |
Loans obtained from local financial institutions [member] | Banks In the Country [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | $ 35,085 | |
Loans obtained from foreign financial institutions [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 1,685,954 | $ 1,911,181 |
Loans obtained from foreign financial institutions [member] | Banco Caja Social [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 58,893 | |
Loans obtained from foreign financial institutions [member] | Banco Ita Paraguay S.A. [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 8,450 | |
Loans obtained from foreign financial institutions [member] | Banco De Creditoe Inversiones [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 24,438 | |
Loans obtained from foreign financial institutions [member] | Latin American Export Bank [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 72,167 | 62,891 |
Loans obtained from foreign financial institutions [member] | Banco Republica [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 330 | |
Loans obtained from foreign financial institutions [member] | Bancoldex S.A Colombia [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 16,619 | 22,037 |
Loans obtained from foreign financial institutions [member] | Bank of America, N.A. [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 148,266 | 79,744 |
Loans obtained from foreign financial institutions [member] | Bank of Montreal [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 141,063 | 158,526 |
Loans obtained from foreign financial institutions [member] | Bank of New York [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 50,337 | 42,204 |
Loans obtained from foreign financial institutions [member] | Bank of Nova Scotia [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 106,862 | 141,455 |
Loans obtained from foreign financial institutions [member] | BBVA Asset Management Continental S.A.Peru [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 44,987 | |
Loans obtained from foreign financial institutions [member] | BNP Paribas [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 131,794 | 118,551 |
Loans obtained from foreign financial institutions [member] | Citibank N.A. [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 123,494 | 42,204 |
Loans obtained from foreign financial institutions [member] | Cobank CB [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 53,469 | 51,603 |
Loans obtained from foreign financial institutions [member] | Commerzbank AG [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 110,572 | 15 |
Loans obtained from foreign financial institutions [member] | Andean Development Corporation [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 84,408 | |
Loans obtained from foreign financial institutions [member] | Credicorp capital SASAF [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 96,775 | |
Loans obtained from foreign financial institutions [member] | Deutsche Bank A.G. [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 90,155 | 84,177 |
Loans obtained from foreign financial institutions [member] | Findeter S.A - Financiera del Desarrollo Territorial [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 47,906 | 55,505 |
Loans obtained from foreign financial institutions [member] | IFC International Finance Corporation [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 88,080 | |
Loans obtained from foreign financial institutions [member] | La Caixa [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 71,476 | 17,942 |
Loans obtained from foreign financial institutions [member] | Mizuho corporate bank [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 17,086 | |
Loans obtained from foreign financial institutions [member] | Scotia Fondos Sociedad Administradora de Fondos S.A. [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 14,408 | |
Loans obtained from foreign financial institutions [member] | Standard Chartered Bank [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 64,073 | |
Loans obtained from foreign financial institutions [member] | Sumitomo Mitsui Banking Corporation [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 185,465 | 368,250 |
Loans obtained from foreign financial institutions [member] | Unicredit Bank [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 16,638 | |
Loans obtained from foreign financial institutions [member] | Wells Fargo Bank, N.A. [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 171,313 | 202,629 |
Loans obtained from foreign financial institutions [member] | Zuercher Kantonalbank [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 7,942 | |
Loans obtained from foreign financial institutions [member] | Other banks [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | $ 51,457 | $ 50,479 |
Debt Instruments Issued and O_3
Debt Instruments Issued and Other Financial Liabilities - Schedule of composition of debt instruments issued and other financial liabilities (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of detailed information about borrowings [abstract] | ||
Debt instruments issues | $ 6,907,380 | $ 5,652,230 |
Financial instruments of regulatory capital issued | 1,263,169 | 1,153,045 |
Total | $ 8,170,549 | $ 6,805,275 |
Debt Instruments Issued and O_4
Debt Instruments Issued and Other Financial Liabilities - Schedule of Composition (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Debt instruments issued | ||
Debt instruments issued | $ 6,547,807 | $ 5,609,795 |
Other financial liabilities | ||
Other financial liabilities | 359,573 | 42,435 |
Totals | 6,907,380 | 5,652,230 |
Mortgage finance bonds [member] | ||
Debt instruments issued | ||
Debt instruments issued | 18,940 | 24,035 |
Senior bond [member] | ||
Debt instruments issued | ||
Debt instruments issued | 6,528,867 | 5,585,760 |
Subordinated Bonds [member] | ||
Debt instruments issued | ||
Debt instruments issued | 1,263,169 | 1,153,045 |
Borrowings From Domestic Financial Institutions [member] | ||
Other financial liabilities | ||
Other financial liabilities | $ 359,573 | $ 42,435 |
Debt Instruments Issued and O_5
Debt Instruments Issued and Other Financial Liabilities - Schedule of Debt Classified (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of detailed information about borrowings [line items] | ||
Debt instruments issued | $ 6,547,807 | $ 5,609,795 |
Other financial liabilities | 359,573 | 42,435 |
Mortgage finance bonds [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt instruments issued | 18,940 | 24,035 |
Senior bond [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt instruments issued | 6,528,867 | 5,585,760 |
Subordinated Bonds [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt instruments issued | 1,263,169 | 1,153,045 |
Long term debts [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt instruments issued | 6,217,840 | 5,096,736 |
Long term debts [member] | Mortgage finance bonds [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt instruments issued | 12,794 | 17,226 |
Long term debts [member] | Senior bond [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt instruments issued | 6,205,046 | 5,079,510 |
Short term debts [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt instruments issued | 329,967 | 513,059 |
Other financial liabilities | 359,573 | 42,435 |
Short term debts [member] | Mortgage finance bonds [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt instruments issued | 6,146 | 6,809 |
Short term debts [member] | Senior bond [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt instruments issued | $ 323,821 | $ 506,250 |
Debt Instruments Issued and O_6
Debt Instruments Issued and Other Financial Liabilities - Schedule of Senior Bonds, by Currency (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | $ 6,547,807 | $ 5,609,795 |
Senior bond [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | 6,528,867 | 5,585,760 |
Hungary, Forint | Senior bond [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | 5,853,292 | 4,651,061 |
CLP [member] | Senior bond [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | 252,573 | 352,171 |
COP [member] | Senior bond [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | $ 423,002 | $ 582,528 |
Debt Instruments Issued and O_7
Debt Instruments Issued and Other Financial Liabilities - Summary of Senior Bonds Issued (Detail) - Senior bond [member] - CLP ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Hungary, Forint | ||
Disclosure of detailed information about borrowings [line items] | ||
Amount | $ 31,500,000 | $ 23,500,000 |
Hungary, Forint | BITACT0418 One [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Amount | $ 1,500,000 | $ 2,000,000 |
Term | 8 years 2 months | 5 years 11 months |
Issuance rate | 2.00% annual | 2.00% annual |
Hungary, Forint | BITACT0418 Two [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Amount | $ 2,000,000 | |
Term | 5 years 11 months | |
Issuance rate | 2.00% annual | |
Hungary, Forint | BITACU0418 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Amount | $ 2,000,000 | |
Term | 6 years 1 month | |
Issuance rate | 2.00% annual | |
Hungary, Forint | BITADL0321 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Amount | $ 3,000,000 | |
Term | 9 years 9 months | |
Issuance rate | 1.00% annual | |
Hungary, Forint | BITADK0821 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Amount | $ 3,000,000 | |
Term | 9 years 2 months | |
Issuance rate | 1.00% annual | |
Hungary, Forint | BITADJ0321 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Amount | $ 3,000,000 | |
Term | 8 years 9 months | |
Issuance rate | 1.00% annual | |
Hungary, Forint | BITADI0521 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Amount | $ 3,000,000 | |
Term | 7 years 10 months | |
Issuance rate | 1.00% annual | |
Hungary, Forint | BITADH0321 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Amount | $ 3,000,000 | |
Term | 7 years 5 months | |
Issuance rate | 1.00% annual | |
Hungary, Forint | BITADO0622 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Amount | $ 5,000,000 | |
Term | 11 years | |
Issuance rate | 2.20% annual | |
Hungary, Forint | BITADN0322 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Amount | $ 3,000,000 | |
Term | 9 years 9 months | |
Issuance rate | 2.20% annual | |
Hungary, Forint | BITADP0222 One [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Amount | $ 1,000,000 | |
Term | 11 years 7 months | |
Issuance rate | 2.20% annual | |
Hungary, Forint | BITADP0222 Two [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Amount | $ 1,000,000 | |
Term | 11 years 7 months | |
Issuance rate | 2.20% annual | |
Hungary, Forint | BITACU0418 One [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Amount | $ 5,500,000 | |
Term | 8 years 11 months | |
Issuance rate | 2.00% annual | |
Hungary, Forint | BITACV0418 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Amount | $ 3,000,000 | $ 3,000,000 |
Term | 8 years 2 months | 7 years 11 months |
Issuance rate | 2.00% annual | 2.00% annual |
Hungary, Forint | BITACW0418 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Amount | $ 2,000,000 | |
Term | 9 years 1 month | |
Issuance rate | 2.00% annual | |
Hungary, Forint | BITADB0919 One [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Amount | $ 1,000,000 | |
Term | 6 years 1 month | |
Issuance rate | 0.75% annual | |
Hungary, Forint | BITADB0919 Two [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Amount | $ 2,000,000 | |
Term | 6 years | |
Issuance rate | 0.75% annual | |
Hungary, Forint | BITADB0919 Three [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Amount | $ 1,000,000 | |
Term | 5 years 6 months | |
Issuance rate | 0.75% annual | |
Hungary, Forint | BITADB0919 Four [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Amount | $ 1,000,000 | |
Term | 5 years 6 months | |
Issuance rate | 0.75% annual | |
Hungary, Forint | BITADD0919 One [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Amount | $ 1,000,000 | |
Term | 8 years 2 months | |
Issuance rate | 0.75% annual | |
Hungary, Forint | BITADD0919 Two [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Amount | $ 1,000,000 | |
Term | 8 years 2 months | |
Issuance rate | 0.75% annual | |
Hungary, Forint | BITADD0919 Three [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Amount | $ 500,000 | |
Term | 7 years 11 months | |
Issuance rate | 0.75% annual | |
Hungary, Forint | BITADD0919 Four [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Amount | $ 1,500,000 | |
Term | 7 years 10 months | |
Issuance rate | 0.75% annual | |
CLP [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Amount | $ 60,000,000,000 | |
CLP [member] | BITACN0419 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Amount | $ 60,000,000,000 | |
Term | 4 years 5 months | |
Issuance rate | 2.50% annual |
Debt Instruments Issued and O_8
Debt Instruments Issued and Other Financial Liabilities - Schedule of Subordinated Bonds (Details) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | $ 6,547,807 | $ 5,609,795 |
Financial instruments of regulatory capital issued | 1,263,169 | 1,153,045 |
Proceeds from issuance of subordinated bonds | 0 | 0 |
Subordinated Bonds [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | $ 1,263,169 | $ 1,153,045 |
Debt Instruments Issued and O_9
Debt Instruments Issued and Other Financial Liabilities - Schedule of Subordinated Bonds, by Currency (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | $ 6,547,807 | $ 5,609,795 |
Subordinated Bonds [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | 1,263,169 | 1,153,045 |
Subordinated Bonds [member] | Hungary, Forint | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | 1,070,933 | 955,982 |
Subordinated Bonds [member] | CLP [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | 147,291 | |
Subordinated Bonds [member] | COP [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Debt Securities | $ 44,945 | $ 197,063 |
Provisions - Schedule of Provis
Provisions - Schedule of Provisions (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of Other Provisions [Line Items] | |||
Totals | $ 287,134 | $ 235,347 | $ 135,090 |
Employee Related Provisions [member] | |||
Disclosure of Other Provisions [Line Items] | |||
Totals | 109,211 | 116,274 | |
Mandatory dividends [member] | |||
Disclosure of Other Provisions [Line Items] | |||
Totals | 130,123 | 83,342 | |
Provisions for contingent loans risk [member] | |||
Disclosure of Other Provisions [Line Items] | |||
Totals | 41,701 | 30,589 | $ 39,775 |
Contingencies [member] | |||
Disclosure of Other Provisions [Line Items] | |||
Totals | $ 6,099 | $ 5,142 |
Provisions - Movements in Conti
Provisions - Movements in Contingent Loans Provisions For Contingent Loan Risk According to IFRS9 (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | $ 978,754 | |
Ending balance | 937,994 | $ 978,754 |
Individually Evaluated [Member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | 256,091 | 321,444 |
- Increases due to change in credit risk | (10,625) | (44,610) |
- Decreases due to change in credit risk | (13,782) | (1,285) |
Charge-offs | (20,031) | (538) |
New financial assets originated or purchased | 67,474 | |
Financial assets that have been derecognized | (53,779) | (151,856) |
Foreign exchange and other movements | 44,880 | 23,758 |
Ending balance | 146,350 | 256,091 |
Individually Evaluated [Member] | Contingent loans [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | 30,589 | |
- Transfers to stage 2 | 0 | 0 |
- Transfers to stage 3 | 0 | 0 |
- Increases due to change in credit risk | 12,794 | 10,255 |
- Decreases due to change in credit risk | (5,284) | (14,178) |
Charge-offs | (214) | (64) |
- Changes due to modifications that did not result in derecognition | 0 | 0 |
New financial assets originated or purchased | 12,732 | 10,243 |
Financial assets that have been derecognized | (7,413) | (15,563) |
Changes in models/risk parameters | 0 | 0 |
Foreign exchange and other movements | (1,503) | 121 |
Ending balance | 41,701 | 30,589 |
Individually Evaluated [Member] | Contingent loans [member] | After restatement [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | 39,775 | |
Stage1 [member] | 12-month expected credit losses [member] | Individually Evaluated [Member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | 1,473 | 46 |
- Transfers to stage 2 | 42 | 434 |
- Increases due to change in credit risk | (551) | |
New financial assets originated or purchased | 923 | |
Financial assets that have been derecognized | (871) | (54) |
Foreign exchange and other movements | (70) | (441) |
Ending balance | 1,473 | |
Stage1 [member] | 12-month expected credit losses [member] | Individually Evaluated [Member] | Contingent loans [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | 17,536 | |
- Transfers to stage 1 | 1,007 | 2,689 |
- Transfers to stage 2 | (642) | (697) |
- Transfers to stage 3 | (64) | (46) |
- Increases due to change in credit risk | 6,589 | 2,615 |
- Decreases due to change in credit risk | (2,935) | (8,517) |
Charge-offs | (21) | (15) |
- Changes due to modifications that did not result in derecognition | 0 | 0 |
New financial assets originated or purchased | 8,166 | 7,743 |
Financial assets that have been derecognized | (5,064) | (4,915) |
Changes in models/risk parameters | 0 | 0 |
Foreign exchange and other movements | (1,336) | 92 |
Ending balance | 23,236 | 17,536 |
Stage1 [member] | 12-month expected credit losses [member] | Individually Evaluated [Member] | Contingent loans [member] | After restatement [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | 18,587 | |
Stage 2 [member] | Lifetime expected credit losses [member] | Individually Evaluated [Member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | 41,439 | 66,280 |
- Transfers to stage 2 | (42) | (896) |
- Transfers to stage 3 | 2,186 | 38,161 |
- Increases due to change in credit risk | (5,371) | (13,174) |
- Decreases due to change in credit risk | (3,515) | (1,033) |
New financial assets originated or purchased | 9,685 | |
Financial assets that have been derecognized | (3,227) | (16,584) |
Foreign exchange and other movements | 15,730 | (7,182) |
Ending balance | 24,423 | 41,439 |
Stage 2 [member] | Lifetime expected credit losses [member] | Individually Evaluated [Member] | Contingent loans [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | 5,372 | |
- Transfers to stage 1 | (951) | (2,663) |
- Transfers to stage 2 | 820 | 727 |
- Transfers to stage 3 | (167) | (1,336) |
- Increases due to change in credit risk | 4,712 | 2,611 |
- Decreases due to change in credit risk | (1,350) | (5,453) |
Charge-offs | (185) | (43) |
- Changes due to modifications that did not result in derecognition | 0 | 0 |
New financial assets originated or purchased | 3,377 | 1,592 |
Financial assets that have been derecognized | (1,505) | (2,266) |
Changes in models/risk parameters | 0 | 0 |
Foreign exchange and other movements | (167) | 24 |
Ending balance | 9,956 | 5,372 |
Stage 2 [member] | Lifetime expected credit losses [member] | Individually Evaluated [Member] | Contingent loans [member] | After restatement [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | 12,179 | |
Stage 3 [member] | Lifetime expected credit losses [member] | Individually Evaluated [Member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | 213,179 | 255,118 |
- Transfers to stage 2 | 462 | |
- Transfers to stage 3 | (2,186) | (38,161) |
- Increases due to change in credit risk | (5,254) | (30,885) |
- Decreases due to change in credit risk | (10,267) | (252) |
Charge-offs | (20,031) | (538) |
New financial assets originated or purchased | 56,866 | |
Financial assets that have been derecognized | (49,681) | (135,218) |
Foreign exchange and other movements | 29,220 | 31,381 |
Ending balance | 121,927 | 213,179 |
Stage 3 [member] | Lifetime expected credit losses [member] | Individually Evaluated [Member] | Contingent loans [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | 7,681 | |
- Transfers to stage 1 | (56) | (26) |
- Transfers to stage 2 | (178) | (30) |
- Transfers to stage 3 | 231 | 1,382 |
- Increases due to change in credit risk | 1,493 | 5,029 |
- Decreases due to change in credit risk | (999) | (208) |
Charge-offs | (8) | (6) |
- Changes due to modifications that did not result in derecognition | 0 | 0 |
New financial assets originated or purchased | 1,189 | 908 |
Financial assets that have been derecognized | (844) | (8,382) |
Changes in models/risk parameters | 0 | 0 |
Foreign exchange and other movements | 0 | 5 |
Ending balance | $ 8,509 | 7,681 |
Stage 3 [member] | Lifetime expected credit losses [member] | Individually Evaluated [Member] | Contingent loans [member] | After restatement [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Opening balance | $ 9,009 |
Provisions - Schedule of Prov_2
Provisions - Schedule of Provision Balance Changes (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of Other Provisions [Line Items] | ||
Opening Balances | $ 235,347 | $ 135,090 |
Provisions applied | (84,550) | (46,224) |
Provisions recorded | 271,871 | |
Provisions established | (219,813) | |
Provisions released | (70,022) | (122,404) |
Other movements | (13,454) | (2,986) |
Ending Balance | 287,134 | 235,347 |
Provisions for personnel salaries and expenses [member] | ||
Disclosure of Other Provisions [Line Items] | ||
Opening Balances | 116,274 | 90,739 |
Provisions applied | (1,208) | (46,062) |
Provisions recorded | 170,962 | |
Provisions established | (61,353) | |
Provisions released | (56,258) | (96,264) |
Other movements | (10,950) | (3,101) |
Ending Balance | 109,211 | 116,274 |
Provisions for mandatory dividends [member] | ||
Disclosure of Other Provisions [Line Items] | ||
Opening Balances | 83,342 | |
Provisions applied | (83,342) | |
Provisions recorded | 83,342 | |
Provisions established | (130,123) | |
Ending Balance | 130,123 | 83,342 |
Provisions for contingent loans risk [member] | ||
Disclosure of Other Provisions [Line Items] | ||
Opening Balances | 30,589 | 39,775 |
Provisions recorded | 20,498 | |
Provisions established | (25,526) | |
Provisions released | (12,911) | (29,805) |
Other movements | (1,503) | 121 |
Ending Balance | 41,701 | 30,589 |
Provisions for contingencies [member] | ||
Disclosure of Other Provisions [Line Items] | ||
Opening Balances | 5,142 | 4,576 |
Provisions applied | (162) | |
Provisions recorded | (2,931) | |
Provisions established | (2,811) | |
Provisions released | (853) | 3,665 |
Other movements | (1,001) | (6) |
Ending Balance | $ 6,099 | $ 5,142 |
Provisions - Schedule of Prov_3
Provisions - Schedule of Provisions for Payroll and Employee Benefits (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of Other Provisions [Line Items] | |||
Totals | $ 287,134 | $ 235,347 | $ 135,090 |
Long-term employee benefits [member] | |||
Disclosure of Other Provisions [Line Items] | |||
Provisions for employee benefits | 6,183 | 9,061 | 9,300 |
Vacation accrual | 3,598 | 3,277 | |
Pension plan [member] | |||
Disclosure of Other Provisions [Line Items] | |||
Provisions for employee benefits | 20,153 | 26,889 | 31,531 |
Retroactive unemployment plan [member] | |||
Disclosure of Other Provisions [Line Items] | |||
Provisions for employee benefits | 276 | 297 | 296 |
Retirements bonus plan [member] | |||
Disclosure of Other Provisions [Line Items] | |||
Provisions for employee benefits | 446 | 670 | $ 689 |
Employee Related Provisions [member] | |||
Disclosure of Other Provisions [Line Items] | |||
Totals | 109,211 | 116,274 | |
Employee Related Provisions [member] | Short term employee benefits [Member] | |||
Disclosure of Other Provisions [Line Items] | |||
Provisions for employee benefits | 58,262 | 53,388 | |
Employee Related Provisions [member] | Long-term employee benefits [member] | |||
Disclosure of Other Provisions [Line Items] | |||
Provisions for employee benefits | 13,325 | 16,822 | |
Employee Related Provisions [member] | Termination of employment contract [Member] | |||
Disclosure of Other Provisions [Line Items] | |||
Provisions for employee benefits | 11,255 | 11,042 | |
Employee Related Provisions [member] | Post-employment defined benefit plans [Member] | |||
Disclosure of Other Provisions [Line Items] | |||
Provisions for employee benefits | 20,153 | 26,889 | |
Employee Related Provisions [member] | Other employee benefits [member] | |||
Disclosure of Other Provisions [Line Items] | |||
Provisions for employee benefits | $ 6,216 | $ 8,133 |
Provisions - Summary of Economi
Provisions - Summary of Economic Assumptions (Detail) - Long-term employee benefits [member] | Dec. 31, 2022 | Dec. 31, 2021 |
Summary of economic assumptions [line items] | ||
Discount rate | 9.75% | 7% |
Expected rate of salary increase | 14.30% | 7.70% |
Provisions - Movements of Prese
Provisions - Movements of Present Value Of Obligation and The Amounts Recognized in Consolidated Statements Of Income (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of Other Provisions [Line Items] | ||
Provisions recorded | $ 271,871 | |
Long-term employee benefits [member] | ||
Disclosure of Other Provisions [Line Items] | ||
Beginning balance | $ 9,061 | 9,300 |
Net cost of benefits | (543) | 656 |
Payments | (861) | (1,006) |
Exchange differences | (1,474) | 111 |
Ending balance | $ 6,183 | $ 9,061 |
Provisions - Cost of Benefit (D
Provisions - Cost of Benefit (Detail) - Long-term employee benefits [member] - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of defined benefit plans [line items] | ||
Current services cost | $ 426 | $ 209 |
Reduction - service costs | (1,466) | |
Interest expense on obligation | 497 | 447 |
Total | $ (543) | $ 656 |
Provisions - Summary of Econo_2
Provisions - Summary of Economic Assumptions - Pension Plan (Detail) - Pension plan [member] | Dec. 31, 2022 | Dec. 31, 2021 |
Summary of economic assumptions [line items] | ||
Discount rate | 9.75% | 7.50% |
Expected rate of salary increases | 11.80% | 5.20% |
Inflation rate | 11.80% | 5.20% |
Provisions - Schedule of Pensio
Provisions - Schedule of Pension Plan Balances Movements (Detail) - Pension plan [member] - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Provisions [line items] | ||
Beginning balance | $ 26,889 | $ 31,531 |
Interest expense on obligation | 1,611 | 1,606 |
Payments | (2,650) | (3,238) |
Actuarial losses (gains) | (1,325) | (3,389) |
Exchange differences | (4,372) | 379 |
Ending balance | $ 20,153 | $ 26,889 |
Provisions - Summary of Econo_3
Provisions - Summary of Economic Assumptions- Retroactive Unemployment Plan (Detail) - Retroactive unemployment plan [member] | Dec. 31, 2022 | Dec. 31, 2021 |
Provisions [line items] | ||
Discount rate | 8.75% | 5.75% |
Expected rate of salary increases | 14.30% | 7.70% |
Inflation rate | 11.80% | 5.20% |
Provisions - Schedule of Change
Provisions - Schedule of Changes in Provision - Severance (Detail) - Retroactive unemployment plan [member] - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of defined benefit plans [line items] | ||
Beginning balance | $ 297 | $ 296 |
Current services costs | 140 | 109 |
Interest expense on obligations | 12 | 11 |
Actuarial gains | (21) | (36) |
Payments of benefits | (104) | (87) |
Exchange differences | (48) | 4 |
Ending balance | $ 276 | $ 297 |
Provisions - Summary of Econo_4
Provisions - Summary of Economic Assumptions- Retirement Bonus Plan (Detail) - Retirements bonus plan [member] | Dec. 31, 2022 | Dec. 31, 2021 |
Summary of economic assumptions [line items] | ||
Summary of economic hypothesis Discount rate(s) | 9.80% | 7.50% |
Expected rate(s) of salary increase | 13.80% | 7.20% |
Inflation rate | 11.80% | 5.20% |
Provisions - Schedule of Chan_2
Provisions - Schedule of Changes in Provision - Retirement Benefit Plan (Detail) - Retirements bonus plan [member] - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of defined benefit plans [line items] | ||
Beginning balance | $ 670 | $ 689 |
Current service costs | (128) | 49 |
Interest expense on obligation | 39 | 36 |
Actuarial (gains) losses | (12) | (97) |
Payments of benefits | (14) | (17) |
Exchange differences | (109) | 10 |
Ending balance | $ 446 | $ 670 |
Provisions - Schedule of Summar
Provisions - Schedule of Summary Effects in Other Comprehensive Income (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Pension plan [member] | |||
Disclosure of Provisions [line items] | |||
Total loss | $ (1,325) | $ (3,389) | $ 885 |
Retroactive unemployment plan [member] | |||
Disclosure of Provisions [line items] | |||
Total loss | (21) | (36) | (29) |
Retirements bonus plan [member] | |||
Disclosure of Provisions [line items] | |||
Total loss | (12) | (97) | 33 |
Long-term employee benefits [member] | |||
Disclosure of Provisions [line items] | |||
Total loss | $ (1,358) | $ (3,522) | $ 889 |
Provisions - Schedule of Future
Provisions - Schedule of Future Payments (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Long-term employee benefits [member] | 1 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | $ 953 | $ 1,178 |
Long-term employee benefits [member] | Due within 1 and 2 Year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 1,105 | 1,154 |
Long-term employee benefits [member] | 2 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 1,105 | 880 |
Long-term employee benefits [member] | 3 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 877 | 841 |
Long-term employee benefits [member] | 4 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 786 | 1,016 |
Long-term employee benefits [member] | More than 5 years [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 4,612 | 4,883 |
Pension plan [member] | 1 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 2,222 | 2,465 |
Pension plan [member] | Due within 1 and 2 Year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 2,297 | 2,427 |
Pension plan [member] | 2 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 2,284 | 2,410 |
Pension plan [member] | 3 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 2,262 | 2,386 |
Pension plan [member] | 4 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 2,232 | 2,353 |
Pension plan [member] | More than 5 years [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 10,555 | 11,085 |
Retroactive unemployment plan [member] | 1 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 168 | 105 |
Retroactive unemployment plan [member] | Due within 1 and 2 Year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 38 | 72 |
Retroactive unemployment plan [member] | 2 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 19 | 32 |
Retroactive unemployment plan [member] | 3 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 1 | 15 |
Retroactive unemployment plan [member] | 4 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 18 | 1 |
Retroactive unemployment plan [member] | More than 5 years [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 80 | 90 |
Retirement Bonus Plan [member] | 1 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 88 | 102 |
Retirement Bonus Plan [member] | Due within 1 and 2 Year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 24 | 50 |
Retirement Bonus Plan [member] | 2 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 30 | 37 |
Retirement Bonus Plan [member] | 3 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 25 | 39 |
Retirement Bonus Plan [member] | 4 year [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | 30 | 37 |
Retirement Bonus Plan [member] | More than 5 years [member] | ||
Disclosure of defined benefit plans [line items] | ||
Expected future payments | $ 170 | $ 227 |
Other Liabilities and Liabili_3
Other Liabilities and Liabilities Directly Associated With Non-Current Assets Held for Sale - Schedule of Other Liabilities (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Other liabilities and liabilities directly associated with non current assets held for sale [abstract] | ||
Accounts and notes payable | $ 394,975 | $ 434,938 |
Dividends payable | 216 | 244 |
Unearned income | 73,983 | 12,744 |
Unearned fees | 833 | 3,816 |
Payables due to brokerage transactions | 18,463 | 24,488 |
Collateral for financial transactions (threshold) | 464,722 | 196,012 |
Other liabilities | 54,370 | 37,370 |
Totals | $ 1,007,562 | $ 709,612 |
Other Liabilities and Liabili_4
Other Liabilities and Liabilities Directly Associated With Non-Current Assets Held for Sale - Additional Information (Detail) - CLP ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of other liabilities and liabilities directly associated with noncurrent assets held for sale [line items] | ||
Other liabilities | $ 1,007,562,000,000 | $ 709,612,000,000 |
Non-current assets held for sale [member] | ||
Disclosure of other liabilities and liabilities directly associated with noncurrent assets held for sale [line items] | ||
Other liabilities | $ 0 | $ 0 |
Contingencies, Commitments, a_3
Contingencies, Commitments, and Responsibilities - Additional Information (Detail) $ / shares in Units, $ in Millions | 12 Months Ended | |||||||||
Mar. 25, 2022 USD ($) shares | Feb. 22, 2022 USD ($) shares | Nov. 05, 2019 | Dec. 31, 2022 USD ($) | Dec. 31, 2022 CLP ($) | Dec. 31, 2021 USD ($) $ / shares shares | Dec. 31, 2021 CLP ($) shares | Dec. 31, 2022 CLP ($) | Dec. 31, 2022 HUF (Ft) | Jan. 01, 2021 CLP ($) | |
Disclosure of contingent liabilities in business combination [line items] | ||||||||||
Provision for lawsuits and legal proceedings | $ 250 | $ 1,337 | ||||||||
Aggregate legal claims | 29,444 | 43,913 | ||||||||
Amount of pledged shares to secure Obligations related to transactions carried out with other brokers | $ 326 | 8,661 | ||||||||
Guarantee in cash and financial assets ceded to guarantee transactions | $ 4,773 | 4,610 | ||||||||
Guarantee ticket amount | Ft | Ft 10,000 | |||||||||
Foreign traders guarantee amount | $ 100,000 | 85 | ||||||||
Principal of loan amounts | 1,946,822 | 2,401,690 | $ 1,766,997 | |||||||
Amount of available for sale securities endorsed as guarantee | $ 837,869 | $ 200,096 | $ 319,213 | |||||||
MCC S.A. Corredores de Bolsa [member] | ||||||||||
Disclosure of contingent liabilities in business combination [line items] | ||||||||||
Amount of shares acquired | $ 30,727,453 | |||||||||
Percentage of voting equity interests acquired | 100% | 100% | 100% | |||||||
MCC S.A. Stockbrokers [member] | ||||||||||
Disclosure of contingent liabilities in business combination [line items] | ||||||||||
Percentage of voting equity interests acquired | 100% | 100% | 100% | |||||||
MCC Asesorias Spa [member] | ||||||||||
Disclosure of contingent liabilities in business combination [line items] | ||||||||||
Percentage of voting equity interests acquired | 100% | 100% | 100% | |||||||
Ita Corredor de Seguros Colombia S.A [Member] | ||||||||||
Disclosure of contingent liabilities in business combination [line items] | ||||||||||
Percentage of ownership interest acquired | 20% | |||||||||
Banco Corpbanca Colombia [member] | ||||||||||
Disclosure of contingent liabilities in business combination [line items] | ||||||||||
Percentage of shares outstanding | 12.36% | 12.36% | ||||||||
Number of shares acquired | shares | 93,306,684 | 93,306,684 | ||||||||
Purchase price per share | $ / shares | $ 3.5367 | |||||||||
Value of shares purchased | $ 329,997,749.30 | |||||||||
Spread on variable interest rate | 2.70% | 2.70% | ||||||||
Itau Corpbanca Colombia S.A. [member] | ||||||||||
Disclosure of contingent liabilities in business combination [line items] | ||||||||||
Provision for lawsuits and legal proceedings | $ 1,904 | $ 1,602 | ||||||||
Aggregate legal claims | $ 46,356 | $ 27,820 | ||||||||
Number of shares acquired | shares | 59,554,210 | |||||||||
Itau Corpbanca Colombia S.A. [member] | Itau Holding Colombia S.A.S. [member] | ||||||||||
Disclosure of contingent liabilities in business combination [line items] | ||||||||||
Number of shares acquired | shares | 33,752,474 | |||||||||
Itau Corbanca Colombia | ||||||||||
Disclosure of contingent liabilities in business combination [line items] | ||||||||||
Amount of shares acquired | $ 414,142,063.65 | |||||||||
Percentage of voting equity interests acquired | 12.36% | |||||||||
Direct interest owned | 94.99% | 94.99% | ||||||||
Itau Corbanca Colombia | Itau Corpbanca [member] | ||||||||||
Disclosure of contingent liabilities in business combination [line items] | ||||||||||
Percentage of voting equity interests acquired | 7.89% | |||||||||
Itau Corbanca Colombia | Itau Holding Colombia S.A.S. [member] | ||||||||||
Disclosure of contingent liabilities in business combination [line items] | ||||||||||
Percentage of voting equity interests acquired | 4.47% | |||||||||
Itau Chile Administradora General de Fondos S.A. [member] | ||||||||||
Disclosure of contingent liabilities in business combination [line items] | ||||||||||
Direct interest owned | 99.994% | 99.994% | 99.994% | 99.994% | ||||||
Ita Corredor de Seguros Colombia S.A [Member] | ||||||||||
Disclosure of contingent liabilities in business combination [line items] | ||||||||||
Number of shares acquired | shares | 4,800 | |||||||||
Amount of shares acquired | $ 3,188,323 | |||||||||
Percentage of voting equity interests acquired | 20% | 20% | ||||||||
Direct interest owned | 100% | 100% |
Contingencies, Commitments, a_4
Contingencies, Commitments, and Responsibilities - Schedule of Bank and Its Subsidiaries are Contractually Obliged to Grant Loans (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of contingent liabilities in business combination [line items] | |||
Provisions | $ 287,134 | $ 235,347 | $ 135,090 |
Bank And Subsidiaries Liabilities [Member] | |||
Disclosure of contingent liabilities in business combination [line items] | |||
Contingent loans | 8,079,306 | 7,859,923 | |
Contingent liability for guarantees [member] | |||
Disclosure of contingent liabilities in business combination [line items] | |||
Contingent loans | 603,177 | 552,340 | |
Contingent liability for confirmed foreign letters of credit [member] | |||
Disclosure of contingent liabilities in business combination [line items] | |||
Contingent loans | 153,764 | 284,259 | |
Letters of credit issued [member] | |||
Disclosure of contingent liabilities in business combination [line items] | |||
Contingent loans | 8,950 | 10,472 | |
Documented guarantees [member] | |||
Disclosure of contingent liabilities in business combination [line items] | |||
Contingent loans | 1,954,387 | 1,800,785 | |
Available on demand credit lines [member] | |||
Disclosure of contingent liabilities in business combination [line items] | |||
Contingent loans | 4,757,552 | 4,496,446 | |
Contingent liability for other credit commitments [member] | |||
Disclosure of contingent liabilities in business combination [line items] | |||
Contingent loans | $ 601,476 | $ 715,621 |
Contingencies, Commitments, a_5
Contingencies, Commitments, and Responsibilities - Schedule of Responsibilities Arising From the Regular Course of Business (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Third-party transactions | ||
Debt Collections | $ 16,387 | $ 18,270 |
Transferred financial assets managed by the Bank | 1,126,576 | 1,122,204 |
Third-party resources managed by the Bank and its subsidiaries | 480,718 | |
Subtotal | 1,623,681 | 1,140,474 |
Custody of securities | ||
Safeguarded securities held by the Bank and its affiliates | 5,122,461 | 3,818,287 |
Safeguarded securities deposited in another entity | 287,000 | 245,863 |
Securities issued by the Bank itself | 100,506 | 100,106 |
Subtotal | 5,509,967 | 4,164,256 |
Totals | $ 7,133,648 | $ 5,304,730 |
Contingencies, Commitments, a_6
Contingencies, Commitments, and Responsibilities - Schedule of Damages That May Be Incurred By Insured Parties that Contract Policies (Detail) - Consorcio Nacionalde SegurosSA [Member] - HUF (Ft) | 12 Months Ended | |
Apr. 15, 2023 | Dec. 31, 2022 | |
Disclosure of subsidiaries [line items] | ||
Amount (UF) | Ft 60,000 | Ft 60,000 |
Amount (UF) | Ft 500 | Ft 500 |
Contingencies, Commitments, a_7
Contingencies, Commitments, and Responsibilities - Schedule of Performance Bond (Detail) - Mapfre Compania De Seguros SA [member] | 12 Months Ended |
Dec. 31, 2022 HUF (Ft) | |
Disclosure of subsidiaries [line items] | |
Amount (UF) | Ft 16,000 |
Amount (UF) | Ft 4,000 |
Contingencies, Commitments, a_8
Contingencies, Commitments, and Responsibilities - Schedule of Comprehensive Insurance Policy (Detail) - Orion Seguros Generales S.A. [member] | 12 Months Ended |
Dec. 31, 2022 HUF (Ft) | |
Disclosure of subsidiaries [line items] | |
Amount (UF) | Ft 5,000 |
Amount (UF) | Ft 10,000 |
Contingencies, Commitments, a_9
Contingencies, Commitments, and Responsibilities - Schedule of Guarantee Slips and Beneficiaries (Detail) - Banco Bice [Member] | Dec. 31, 2022 HUF (Ft) |
Disclosure of subsidiaries [line items] | |
Amount | Ft 500 |
Amount | Ft 15,000 |
Equity - Schedule of Paid in Ca
Equity - Schedule of Paid in Capital of the Bank (Detail) - shares | 12 Months Ended | |||
Jan. 19, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Equity note[abstract] | ||||
Beginning Balance | 973,517,871,202 | 512,406,760,091 | 512,406,760,091 | |
Issuance of paid shares | 461,111,111,111 | |||
Issuance of shares pending payment | 0 | 0 | 0 | |
Repurchase of own shares | 0 | 0 | 0 | |
Sale of own shares | 10,000 | 0 | 0 | 0 |
Ending Balance | 973,517,871,202 | 973,517,871,202 | 512,406,760,091 |
Equity - Additional Information
Equity - Additional Information (Detail) - CLP ($) | 12 Months Ended | |||||||
Mar. 24, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Jan. 01, 2022 | Jan. 01, 2021 | Jan. 01, 2020 | Dec. 31, 2019 | |
Disclosure of equity [line items] | ||||||||
Issuance of paid shares | 461,111,111,111 | |||||||
Proceeds from issue of ordinary shares | $ 825,305,000,000 | |||||||
Share price offered | $ 1.80 | |||||||
Equity | $ 2,687,951,000,000 | $ 2,688,131,000,000 | $ 1,862,826,000,000 | |||||
Number of share outstanding | 973,517,871,202 | 973,517,871,202 | 512,406,760,091 | 512,406,760,091 | ||||
Percentage of dividend on profit | 30% | 30% | 30% | |||||
Percentage of actual dividends on profit | 30% | |||||||
Distribution of dividends | $ 83,341,869,534 | $ 83,342,000,000 | ||||||
Equity | $ 3,317,789,000,000 | 3,325,221,000,000 | $ 2,383,335,000,000 | $ 3,411,407,000,000 | $ 2,381,855,000,000 | $ 3,326,338,000,000 | $ 3,326,338,000,000 | |
Retained earnings from prior years | (190,068,000,000) | (273,410,000,000) | 0 | |||||
Ita Corpbanca Chile [member] | ||||||||
Disclosure of equity [line items] | ||||||||
Equity | 744,838,000,000 | |||||||
Other equity interest [member] | ||||||||
Disclosure of equity [line items] | ||||||||
Equity | 227,839,000,000 | 467,279,000,000 | 744,838,000,000 | $ 467,279,000,000 | $ 423,118,000,000 | 744,838,000,000 | 744,838,000,000 | |
Revaluation surplus [member] | ||||||||
Disclosure of equity [line items] | ||||||||
Equity | $ 227,839,000,000 | $ 467,279,000,000 | 451,011,000,000 | $ 451,011,000,000 | $ 451,011,000,000 | |||
Reserves were absorbed by the loss recognized | $ 423,118,000,000 |
Equity - Schedule of Shareholde
Equity - Schedule of Shareholder List (Detail) - shares | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 973,517,871,202 | 973,517,871,202 | 512,406,760,091 | 512,406,760,091 |
Percentage of equity holding | 100% | 100% | 100% | |
Itau Unibanco [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 638,826,855,128 | 551,015,065,630 | 200,966,823,626 | |
Percentage of equity holding | 65.62% | 56.60% | 39.22% | |
Itau Unibanco Holding S A [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 256,035,852,654 | 256,035,852,654 | 115,039,610,411 | |
Percentage of equity holding | 26.30% | 26.30% | 22.45% | |
ITB Holding Brasil Participacoes Ltda. [Member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 337,067,239,334 | 242,989,430,571 | 62,567,655,359 | |
Percentage of equity holding | 34.62% | 24.96% | 12.21% | |
CGB II SpA [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 18,011,182,273 | 24,277,201,538 | 10,908,002,836 | |
Percentage of equity holding | 1.85% | 2.49% | 2.13% | |
CGB III SpA [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 4,006,137,826 | 4,006,137,826 | 1,800,000,000 | |
Percentage of equity holding | 0.41% | 0.41% | 0.35% | |
Saga II SpA [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 15,579,424,880 | 15,579,424,880 | 7,000,000,000 | |
Percentage of equity holding | 1.60% | 1.60% | 1.37% | |
Saga III SpA [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 8,127,018,161 | 8,127,018,161 | 3,651,555,020 | |
Percentage of equity holding | 0.84% | 0.84% | 0.71% | |
Saieh Family [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 12,944,134,744 | 139,150,760,455 | 140,835,760,455 | |
Percentage of equity holding | 1.33% | 14.29% | 27.49% | |
Corp Group Banking SA [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 10,336,224,362 | 134,442,850,073 | 136,127,850,073 | |
Percentage of equity holding | 1.06% | 13.81% | 26.57% | |
Compania Inmobiliaria y de Inversiones Saga SpA [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 2,607,910,382 | 4,707,910,382 | 4,707,910,382 | |
Percentage of equity holding | 0.27% | 0.48% | 0.92% | |
International Finance Corporation [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 11,189,693,524 | 18,974,820,165 | 17,017,909,711 | |
Percentage of equity holding | 1.15% | 1.95% | 3.32% | |
Others [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 310,557,187,806 | 264,377,224,952 | 153,586,266,299 | |
Percentage of equity holding | 31.90% | 27.16% | 29.97% | |
Stock brokers [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 154,068,949,153 | 140,668,223,148 | 80,382,817,848 | |
Percentage of equity holding | 15.83% | 14.45% | 15.69% | |
ADR holders and foreign investors [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 75,531,854,039 | 54,904,718,599 | 35,127,077,810 | |
Percentage of equity holding | 7.76% | 5.64% | 6.86% | |
Local Institutional Investors [Member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 69,728,964,485 | 57,548,753,873 | 25,351,261,131 | |
Percentage of equity holding | 7.16% | 5.91% | 4.95% | |
Other minority shareholders [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares | 11,227,420,129 | 11,255,529,332 | 12,725,109,510 | |
Percentage of equity holding | 1.15% | 1.16% | 2.48% |
Equity - Schedule of Sharehol_2
Equity - Schedule of Shareholder List Other (Detail) - shares | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of transactions between related parties [line items] | ||||
Number of shares outstanding | 973,517,871,202 | 973,517,871,202 | 512,406,760,091 | 512,406,760,091 |
Third party custody [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares outstanding | 36,000,000 | 36,000,000 | ||
Shares In Custody [Member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Number of shares outstanding | 103,736,846,776 |
Equity - Schedule of Distributi
Equity - Schedule of Distribution of Dividends (Detail) - CLP ($) $ / shares in Units, $ in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Mar. 24, 2022 | |
Disclosure of equity [line items] | ||||
Income attributable to equity holders | $ 443,288 | $ 273,410 | $ (808,784) | |
Allocated to reserves and retained earnings | 196,423 | $ (156,342) | ||
Allocated to dividends | $ 83,342 | |||
Percentage distributed | 30% | 0% | ||
Number of shares | 973,517,871,202 | 512,406,760,091 | ||
Dividend per share | $ 0.08561 | $ 0.0856089775 | ||
Company A [Member] | ||||
Disclosure of equity [line items] | ||||
Income attributable to equity holders | $ 279,765 | $ (925,479) |
Equity - Schedule of Attributab
Equity - Schedule of Attributable to the Equity Holders of the Bank (Detail) - CLP ($) $ / shares in Units, shares in Millions, $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Basic earnings per share [abstract] | |||
Net income (loss) for the period | $ 443,288 | $ 273,410 | $ (808,784) |
Weighted average number of outstanding shares | 973,518 | 598,861 | 512,407 |
Adjusted number of outstanding shares | 973,518 | 598,861 | 512,407 |
Basic earnings per share (Chilean pesos) | $ 0.455 | $ 0.457 | $ (1.578) |
Diluted earnings per share | |||
Net income (loss) for the period | $ 443,288 | $ 273,410 | $ (808,784) |
Weighted average number of outstanding shares | 973,518 | 598,861 | 512,407 |
Dilutive effects | |||
Adjusted number of shares | 973,518 | 598,861 | 512,407 |
Diluted earnings per share (Chilean pesos) | $ 0.455 | $ 0.457 | $ (1.578) |
Equity - Schedule of Equity and
Equity - Schedule of Equity and Income Taxes Attributable to the Equity Holders (Detail) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 CLP ($) | Dec. 31, 2021 CLP ($) | Dec. 31, 2020 CLP ($) | |
Disclosure of available for sale financial assets [line items] | |||
Other comprehensive income (loss) before income taxes, beginning balance | $ (94,635) | $ 54,587 | $ 51,862 |
Effects for the period | (39,786) | (88,375) | 3,102 |
Transfer of gain on disposal of equity investments at fair value through other comprehensive income to retained earnings | (61,330) | (60,847) | (377) |
Other comprehensive income (loss) before income taxes, ending balance | (93,501) | (94,635) | 54,587 |
Income taxes related to components of other comprehensive income (loss) | |||
Income taxes related to components of other comprehensive income (loss), beginning balance | (3,333) | (27,763) | (4,745) |
Effects for the period | (5,769) | 7,744 | (23,018) |
Reclassifications due to the discontinuation of the net investment in Ita Corpbanca Colombia hedge | 16,559 | 16,686 | |
Income taxes related to components of other comprehensive income (loss), ending balance | (8,607) | (3,333) | (27,763) |
Net balances | (102,108) | (97,968) | (27,763) |
Net balance | 26,824 | ||
Revised For IFRS 9 [member] | |||
Disclosure of available for sale financial assets [line items] | |||
Other comprehensive income (loss) before income taxes, beginning balance | 102,250 | ||
Other comprehensive income (loss) before income taxes, ending balance | 102,250 | ||
Income taxes related to components of other comprehensive income (loss) | |||
Income taxes related to components of other comprehensive income (loss), beginning balance | (16,064) | ||
Income taxes related to components of other comprehensive income (loss), ending balance | (16,064) | ||
Investments in equity instruments designated at fair value through other comprehensive income [member] | |||
Disclosure of available for sale financial assets [line items] | |||
Other comprehensive income (loss) before income taxes, beginning balance | 33,154 | 37,484 | |
Effects for the period | (4,330) | ||
Other comprehensive income (loss) before income taxes, ending balance | 33,154 | ||
Income taxes related to components of other comprehensive income (loss) | |||
Income taxes related to components of other comprehensive income (loss), beginning balance | (12,705) | ||
Effects for the period | (55) | ||
Net balances | (12,760) | ||
Net balance | 20,394 | ||
Reserve of cash flow hedges [member] | |||
Disclosure of available for sale financial assets [line items] | |||
Other comprehensive income (loss) before income taxes, beginning balance | 40,700 | (8,621) | (822) |
Effects for the period | 35,577 | 49,321 | (7,799) |
Transfer of gain on disposal of equity investments at fair value through other comprehensive income to retained earnings | (61,330) | ||
Other comprehensive income (loss) before income taxes, ending balance | 14,947 | 40,700 | (8,621) |
Income taxes related to components of other comprehensive income (loss) | |||
Income taxes related to components of other comprehensive income (loss), beginning balance | (20,871) | (2,067) | (465) |
Effects for the period | (683) | (18,804) | (1,602) |
Reclassifications due to the discontinuation of the net investment in Ita Corpbanca Colombia hedge | 16,559 | ||
Income taxes related to components of other comprehensive income (loss), ending balance | (4,995) | (20,871) | (2,067) |
Net balances | 9,952 | 19,829 | (2,067) |
Net balance | (10,688) | ||
Hedges of net investment in foreign operations [member] | |||
Disclosure of available for sale financial assets [line items] | |||
Other comprehensive income (loss) before income taxes, beginning balance | (25,747) | 63,339 | (17,383) |
Effects for the period | (42,070) | (28,239) | 80,722 |
Transfer of gain on disposal of equity investments at fair value through other comprehensive income to retained earnings | (60,847) | ||
Other comprehensive income (loss) before income taxes, ending balance | (67,817) | (25,747) | 63,339 |
Income taxes related to components of other comprehensive income (loss) | |||
Income taxes related to components of other comprehensive income (loss), beginning balance | 18,849 | (15,168) | 6,627 |
Effects for the period | 3,730 | 17,331 | (21,795) |
Reclassifications due to the discontinuation of the net investment in Ita Corpbanca Colombia hedge | 16,686 | ||
Income taxes related to components of other comprehensive income (loss), ending balance | 22,579 | 18,849 | (15,168) |
Net balances | (45,238) | (6,898) | (15,168) |
Net balance | 48,171 | ||
Reserve of exchange differences on translation [member] | |||
Disclosure of available for sale financial assets [line items] | |||
Other comprehensive income (loss) before income taxes, beginning balance | 24,203 | (26,829) | 37,328 |
Effects for the period | (78,901) | 51,032 | (64,169) |
Transfer of gain on disposal of equity investments at fair value through other comprehensive income to retained earnings | 12 | ||
Other comprehensive income (loss) before income taxes, ending balance | (54,698) | 24,203 | (26,829) |
Income taxes related to components of other comprehensive income (loss) | |||
Net balances | (54,698) | 24,203 | |
Net balance | (26,829) | ||
Reserve of remeasurements of defined benefit plans [member] | |||
Disclosure of available for sale financial assets [line items] | |||
Other comprehensive income (loss) before income taxes, beginning balance | (5,147) | (8,116) | (6,484) |
Effects for the period | 2,294 | 2,969 | (1,632) |
Other comprehensive income (loss) before income taxes, ending balance | (2,853) | (5,147) | (8,116) |
Income taxes related to components of other comprehensive income (loss) | |||
Income taxes related to components of other comprehensive income (loss), beginning balance | 1,994 | 2,232 | 1,798 |
Effects for the period | (1,055) | (238) | 434 |
Income taxes related to components of other comprehensive income (loss), ending balance | 939 | 1,994 | 2,232 |
Net balances | (1,914) | (3,153) | 2,232 |
Net balance | (5,884) | ||
Reserve of gains and losses on financial assets and liabilities measured at fair value through other comprehensive income [member] | |||
Disclosure of available for sale financial assets [line items] | |||
Other comprehensive income (loss) before income taxes, beginning balance | 1,240 | 1,660 | 1,739 |
Effects for the period | 1,739 | (420) | 310 |
Transfer of gain on disposal of equity investments at fair value through other comprehensive income to retained earnings | (389) | ||
Other comprehensive income (loss) before income taxes, ending balance | 2,979 | 1,240 | 1,660 |
Income taxes related to components of other comprehensive income (loss) | |||
Net balances | 2,979 | 1,240 | |
Net balance | 1,660 | ||
Reserve of gains and losses on remeasuring available-for-sale financial assets [member] | |||
Disclosure of available for sale financial assets [line items] | |||
Other comprehensive income (loss) before income taxes, beginning balance | (129,884) | 33,154 | |
Effects for the period | 41,575 | (163,038) | |
Other comprehensive income (loss) before income taxes, ending balance | 13,941 | (129,884) | 33,154 |
Income taxes related to components of other comprehensive income (loss) | |||
Income taxes related to components of other comprehensive income (loss), beginning balance | (3,305) | (12,760) | |
Effects for the period | (7,761) | 9,455 | |
Income taxes related to components of other comprehensive income (loss), ending balance | (27,130) | (3,305) | $ (12,760) |
Net balances | (13,189) | (133,189) | |
Reserve of gains and losses on remeasuring available-for-sale financial assets [member] | Revised For IFRS 9 [member] | |||
Disclosure of available for sale financial assets [line items] | |||
Other comprehensive income (loss) before income taxes, beginning balance | 102,250 | ||
Other comprehensive income (loss) before income taxes, ending balance | 102,250 | ||
Income taxes related to components of other comprehensive income (loss) | |||
Income taxes related to components of other comprehensive income (loss), beginning balance | $ (16,064) | ||
Income taxes related to components of other comprehensive income (loss), ending balance | $ (16,064) |
Equity - Schedule of Non-contro
Equity - Schedule of Non-controlling Interest in the Subsidiary's Equity and Profit (Detail) - CLP ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of available for sale financial assets [line items] | ||||
Equity | $ 874 | $ 77,711 | $ 69,087 | $ 94,445 |
Net income | 72 | 2,827 | (17,371) | |
Financial instruments at fair value through other comprehensive income | 41,668 | (166,448) | (8,235) | |
Exchange differences | (79,139) | 59,221 | (71,771) | |
Defined benefit obligation | 2,309 | 3,409 | (3) | |
Deferred Tax | (5,769) | 7,744 | (23,018) | |
Comprehensive income | (130) | 8,624 | (25,358) | |
Debt instruments issued | $ 6,547,807 | $ 5,609,795 | ||
Itau Corredores de Seguros S.A [member] | ||||
Disclosure of available for sale financial assets [line items] | ||||
Non-controlling | 100% | 100% | ||
Helm Corredor de Seguros S.A. [member] | ||||
Disclosure of available for sale financial assets [line items] | ||||
Non-controlling | 99.987% | 79.985% | ||
Itau Chile Administradora General de Fondos S.A. [member] | ||||
Disclosure of available for sale financial assets [line items] | ||||
Non-controlling | 100% | 100% | ||
Non controlling Interest [Member] | ||||
Disclosure of available for sale financial assets [line items] | ||||
Equity | $ 874 | $ 77,711 | ||
Net income | 72 | 2,827 | ||
Financial instruments at fair value through other comprehensive income | 93 | (3,474) | $ (3,905) | |
Financial instruments at fair value through other comprehensive income | 93 | (3,410) | ||
Exchange differences | (238) | 8,189 | ||
Effect hedge Accounting Foreign Investment | (32) | 1,817 | ||
Cash Flow hedges | (21) | (3,051) | ||
Defined benefit obligation | 15 | 440 | ||
Deferred Tax | (19) | 1,876 | ||
Other comprehensive income | (202) | 5,797 | ||
Comprehensive income | $ (130) | $ 8,624 | ||
Non controlling Interest [Member] | Itau Corredores de Seguros Colombia S.A. [member] | ||||
Disclosure of available for sale financial assets [line items] | ||||
Non-controlling | 0.013% | |||
Non controlling Interest [Member] | Itau Corpbanca Colombia S.A. y filiales [member] | ||||
Disclosure of available for sale financial assets [line items] | ||||
Non-controlling | 0.538% | 12.90% | 20.015% | |
Equity | $ 874 | $ 77,225 | $ 404 | |
Net income | 72 | 2,753 | (33) | |
Financial instruments at fair value through other comprehensive income | 93 | (3,474) | ||
Exchange differences | (238) | 8,189 | ||
Effect hedge Accounting Foreign Investment | (32) | 1,817 | ||
Cash Flow hedges | (21) | (3,051) | ||
Defined benefit obligation | 15 | 440 | ||
Deferred Tax | (19) | 1,876 | ||
Other comprehensive income | (202) | 5,797 | ||
Comprehensive income | (130) | $ 8,550 | $ (33) | |
Non controlling Interest [Member] | Itau Corredores de Seguros S.A [member] | ||||
Disclosure of available for sale financial assets [line items] | ||||
Non-controlling | 20.015% | 12.90% | ||
Equity | $ 486 | $ 68,683 | ||
Net income | 74 | (17,338) | ||
Financial instruments at fair value through other comprehensive income | (3,859) | |||
Exchange differences | (7,602) | |||
Cash Flow hedges | 2,117 | |||
Defined benefit obligation | 1,629 | |||
Deferred Tax | (272) | |||
Other comprehensive income | (7,987) | |||
Comprehensive income | 74 | (25,325) | ||
Non controlling Interest [Member] | Itau Corpbanca Corredores de Bolsa Limitada [member] | ||||
Disclosure of available for sale financial assets [line items] | ||||
Equity | 69,087 | |||
Net income | (17,371) | |||
Financial instruments at fair value through other comprehensive income | (3,859) | |||
Exchange differences | (7,602) | |||
Cash Flow hedges | 2,117 | |||
Defined benefit obligation | 1,629 | |||
Deferred Tax | (272) | |||
Other comprehensive income | (7,987) | |||
Comprehensive income | (25,358) | |||
Reserve of gains and losses on financial assets and liabilities measured at fair value through other comprehensive income [member] | ||||
Disclosure of available for sale financial assets [line items] | ||||
Equity | 52 | |||
Debt instruments issued | $ 93 | $ 3,807 | ||
Debt instrument losses | 678 | |||
Equity instrument gains | $ 274 |
Equity - Schedule of Non-cont_2
Equity - Schedule of Non-controlling Interest in the Subsidiary's Equity and Profit Other (Detail) | Dec. 03, 2019 |
Itau Corpbanca Colombia S.A. y filiales [member] | |
Disclosure of available for sale financial assets [line items] | |
Percentage of shares owned | 87.10% |
Equity - Schedule of Non-cont_3
Equity - Schedule of Non-controlling Interest Movement (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Equity note[abstract] | |||
Beginning balance | $ 77,711 | $ 69,087 | $ 94,445 |
Increase participation in Colombia | (76,707) | ||
Comprehensive income | (130) | 8,624 | (25,358) |
Ending balance | $ 874 | $ 77,711 | $ 69,087 |
Equity - Schedule of Main Subsi
Equity - Schedule of Main Subsidiary With Non-controlling Interest (Detail) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of subsidiaries [line items] | ||
Group participation | 0.538% | 12.90% |
Banco CorpBanca Colombia S.A [member] | ||
Disclosure of subsidiaries [line items] | ||
Group participation | 99.462% | 87.10% |
Equity - Schedule of Consolidat
Equity - Schedule of Consolidation Elimination Adjustments (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Summary Statements of Financial Position | ||||
Total net assets (liabilities) | $ 3,317,789 | $ 3,325,221 | ||
Accumulated non-controlling interest | 874 | 77,711 | $ 69,087 | $ 94,445 |
Non controlling Interest [Member] | ||||
Summary Statements of Financial Position | ||||
Accumulated non-controlling interest | 874 | 77,711 | ||
Banco CorpBanca Colombia S.A [member] | Non controlling Interest [Member] | ||||
Summary Statements of Financial Position | ||||
Current assets | 4,790,182 | 6,084,224 | ||
Current liabilities | (2,919,490) | (4,021,720) | ||
Net current assets (liabilities) | 1,870,692 | 2,062,504 | ||
Non-current assets | 665,911 | 712,102 | ||
Non-current liabilities | (2,199,580) | (2,203,537) | ||
Net non-current assets (liabilities) | (1,533,669) | (1,491,435) | ||
Total net assets (liabilities) | 337,023 | 571,069 | ||
Accumulated non-controlling interest | $ 874 | $ 77,711 |
Equity - Summary of Income Stat
Equity - Summary of Income Statements (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of income statement [line items] | |||
Income of the period | $ 3,177,133 | $ 1,687,502 | $ 1,549,674 |
Non-controlling interests income | 443,360 | 276,237 | $ (826,155) |
Banco CorpBanca Colombia S.A [member] | Non controlling Interest [Member] | |||
Disclosure of income statement [line items] | |||
Interest and readjustments income (expense) | 502,125 | 341,292 | |
Income of the period | 7,633 | 7,210 | |
Non-controlling interests income | $ 41 | $ 2,753 |
Equity - Summary of Cash Flows
Equity - Summary of Cash Flows Statements (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of consolidated statement of cash flows [line items] | |||
Net cash flows provided by (used in) operating activities | $ (391,544) | $ (1,189,252) | $ 1,432,755 |
Net cash flows provided by (used in) investing activities | (403,407) | (46,178) | (66,306) |
Net cash flows provided by (used in) financing activities | 134,218 | 1,813,707 | 1,569,735 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (187,373) | 867,964 | $ 3,058,317 |
Banco CorpBanca Colombia S.A [member] | Non controlling Interest [Member] | |||
Disclosure of consolidated statement of cash flows [line items] | |||
Net cash flows provided by (used in) operating activities | (186,515) | 638,437 | |
Net cash flows provided by (used in) investing activities | (140,766) | 35,840 | |
Net cash flows provided by (used in) financing activities | (138,264) | 43,822 | |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | $ (465,545) | $ 718,099 |
Equity - Schedule of Consolid_2
Equity - Schedule of Consolidated Comprehensive Income (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of subsidiaries [line items] | |||
Income | $ 443,360 | $ 276,237 | $ (826,155) |
Debt instruments at fair value through other comprehensive income | 41,668 | (166,448) | (8,235) |
Cash flow hedge | (25,774) | 46,270 | (5,682) |
Changes in the fair value of equity investments at fair value through other comprehensive income | 1,739 | (484) | 356 |
Net investment in foreign operations hedges | 3,749 | 18,417 | (21,795) |
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) FOR THE YEAR | (90,528) | (74,834) | (27,903) |
Comprehensive income (loss) for the year | 352,832 | 201,403 | (854,058) |
Total Attributable to Equity Holders of the Bank [Member] | |||
Disclosure of subsidiaries [line items] | |||
Income | 443,288 | 273,410 | (808,784) |
Debt instruments at fair value through other comprehensive income | 41,575 | (163,038) | (4,330) |
Hedge of net investment in foreign operations | (42,070) | (28,239) | 80,722 |
Cash flow hedge | (25,753) | 49,321 | (7,799) |
Exchange differences | (78,901) | 51,032 | (64,169) |
Changes in the fair value of equity investments at fair value through other comprehensive income | 1,739 | (420) | 310 |
Defined benefits obligations | 2,294 | 2,969 | (1,632) |
Subtotals | (101,116) | (88,375) | 3,102 |
Debt instruments at fair value through other comprehensive income | (7,761) | (9,455) | (55) |
Hedge of net investment in foreign operations | 3,730 | 17,331 | (21,795) |
Cash flow hedge | 15,876 | (18,804) | (1,602) |
Defined benefits obligations | (1,055) | (238) | 434 |
Subtotals | 10,790 | 7,744 | (23,018) |
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) FOR THE YEAR | (90,326) | (80,631) | (19,916) |
Comprehensive income (loss) for the year | 352,962 | 192,779 | (828,700) |
Non controlling Interest [Member] | |||
Disclosure of subsidiaries [line items] | |||
Income | 72 | 2,827 | (17,371) |
Debt instruments at fair value through other comprehensive income | 93 | (3,474) | (3,905) |
Hedge of net investment in foreign operations | (32) | 1,817 | |
Cash flow hedge | (21) | (3,051) | 2,117 |
Exchange differences | (238) | 8,189 | (7,602) |
Changes in the fair value of equity investments at fair value through other comprehensive income | (64) | 46 | |
Defined benefits obligations | 15 | 440 | 1,629 |
Subtotals | (183) | 3,921 | (7,715) |
Debt instruments at fair value through other comprehensive income | (38) | (1,114) | 1,613 |
Hedge of net investment in foreign operations | 19 | 1,086 | |
Cash flow hedge | 6 | (288) | (1,432) |
Defined benefits obligations | (6) | (36) | (453) |
Subtotals | (19) | 1,876 | (272) |
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) FOR THE YEAR | (202) | 5,797 | (7,987) |
Comprehensive income (loss) for the year | (130) | 8,624 | (25,358) |
Consolidated Statement Of Comprehensive Income [member] | |||
Disclosure of subsidiaries [line items] | |||
Income | 443,360 | 276,237 | (826,155) |
Debt instruments at fair value through other comprehensive income | 41,668 | (166,448) | (8,235) |
Hedge of net investment in foreign operations | (42,102) | (26,422) | 80,722 |
Cash flow hedge | (25,774) | 46,270 | (5,682) |
Exchange differences | (79,139) | 59,221 | (71,771) |
Changes in the fair value of equity investments at fair value through other comprehensive income | 1,739 | (484) | 356 |
Defined benefits obligations | 2,309 | 3,409 | (3) |
Subtotals | (101,299) | (84,454) | (4,613) |
Debt instruments at fair value through other comprehensive income | (7,799) | (10,569) | 1,558 |
Hedge of net investment in foreign operations | 3,749 | 18,417 | (21,795) |
Cash flow hedge | 15,882 | (19,092) | (3,034) |
Defined benefits obligations | (1,061) | (274) | (19) |
Subtotals | 10,771 | 9,620 | (23,290) |
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) FOR THE YEAR | (90,528) | (74,834) | (27,903) |
Comprehensive income (loss) for the year | $ 352,832 | $ 201,403 | $ (854,058) |
Interest Income and Interest _3
Interest Income and Interest Expense - Schedule of Composition of Interest Income and Inflation-indexing (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about hedged items [line items] | |||
Totals | $ 3,177,133 | $ 1,687,502 | $ 1,549,674 |
Investments under resale agreements [Member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 18,265 | 3,712 | 3,567 |
Loans and receivables to banks [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 2,009 | 621 | 1,541 |
Commercial loans [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 1,553,763 | 879,687 | 849,216 |
Mortgage loans [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 970,169 | 515,058 | 306,826 |
Consumer loans [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 412,010 | 304,576 | 323,966 |
Financials investments [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 333,800 | 90,547 | 79,038 |
Other interest income [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 91,101 | 16,930 | 9,445 |
Gain (loss) from accounting hedges [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (203,984) | (123,629) | (23,925) |
Hedged of interest [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 2,049,911 | 1,205,094 | 1,343,255 |
Hedged of interest [member] | Investments under resale agreements [Member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 18,265 | 3,712 | 3,567 |
Hedged of interest [member] | Loans and receivables to banks [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 2,009 | 621 | 1,541 |
Hedged of interest [member] | Commercial loans [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 976,295 | 610,371 | 732,791 |
Hedged of interest [member] | Mortgage loans [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 225,613 | 190,326 | 189,833 |
Hedged of interest [member] | Consumer loans [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 411,737 | 304,385 | 323,836 |
Hedged of interest [member] | Financials investments [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 260,383 | 45,629 | 58,083 |
Hedged of interest [member] | Other interest income [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 80,260 | 10,575 | 7,624 |
Hedged of interest [member] | Gain (loss) from accounting hedges [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 75,349 | 39,475 | 25,980 |
Hedged of inflation adjustments [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 1,127,222 | 482,408 | 206,419 |
Hedged of inflation adjustments [member] | Commercial loans [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 577,468 | 269,316 | 116,425 |
Hedged of inflation adjustments [member] | Mortgage loans [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 744,556 | 324,732 | 116,993 |
Hedged of inflation adjustments [member] | Consumer loans [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 273 | 191 | 130 |
Hedged of inflation adjustments [member] | Financials investments [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 73,417 | 44,918 | 20,955 |
Hedged of inflation adjustments [member] | Other interest income [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 10,841 | 6,355 | 1,821 |
Hedged of inflation adjustments [member] | Gain (loss) from accounting hedges [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | $ (279,333) | $ (163,104) | $ (49,905) |
Interest Income and Interest _4
Interest Income and Interest Expense - Schedule of Detail of the Amount Due for Interest and Readjustments (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about hedged items [line items] | |||
Totals | $ (2,006,666) | $ (711,195) | $ (683,237) |
Deposits and other demand liabilities [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (98,931) | (31,212) | (46,842) |
Obligations under repurchase agreements [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (28,069) | (5,789) | (8,622) |
Time deposits and other time liabilities [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (832,591) | (172,290) | (262,397) |
Interbank borrowings [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (62,852) | (29,127) | (55,541) |
Debt instruments issued [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (1,034,998) | (530,653) | (330,450) |
Other financial liabilities [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (28,395) | (49) | (215) |
Lease contract liabilities [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (3,658) | (3,725) | (4,919) |
Other interest expenses [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (15,016) | (7,627) | |
Gain (loss) from accounting hedges [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 82,828 | 76,666 | 33,376 |
Hedged of interest [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (1,105,943) | (345,660) | (538,082) |
Hedged of interest [member] | Deposits and other demand liabilities [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (95,890) | (30,027) | (46,530) |
Hedged of interest [member] | Obligations under repurchase agreements [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (28,069) | (5,784) | (8,621) |
Hedged of interest [member] | Time deposits and other time liabilities [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (728,155) | (152,854) | (254,633) |
Hedged of interest [member] | Interbank borrowings [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (58,875) | (29,127) | (55,541) |
Hedged of interest [member] | Debt instruments issued [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (263,595) | (200,692) | (200,911) |
Hedged of interest [member] | Other financial liabilities [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (10,529) | (49) | (215) |
Hedged of interest [member] | Lease contract liabilities [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (3,658) | (3,725) | (4,923) |
Hedged of interest [member] | Other interest expenses [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (68) | (84) | |
Hedged of interest [member] | Gain (loss) from accounting hedges [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 82,828 | 76,666 | 33,376 |
Hedged of inflation adjustments [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (900,723) | (365,535) | (145,155) |
Hedged of inflation adjustments [member] | Deposits and other demand liabilities [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (3,041) | (1,185) | (312) |
Hedged of inflation adjustments [member] | Obligations under repurchase agreements [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (5) | (1) | |
Hedged of inflation adjustments [member] | Time deposits and other time liabilities [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (104,436) | (19,436) | (7,764) |
Hedged of inflation adjustments [member] | Interbank borrowings [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (3,977) | ||
Hedged of inflation adjustments [member] | Debt instruments issued [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | (771,403) | (329,961) | (129,539) |
Hedged of inflation adjustments [member] | Other financial liabilities [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | $ (17,866) | ||
Hedged of inflation adjustments [member] | Lease contract liabilities [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | 4 | ||
Hedged of inflation adjustments [member] | Other interest expenses [member] | |||
Disclosure of detailed information about hedged items [line items] | |||
Totals | $ (14,948) | $ (7,543) |
Fee and Commission Income and_3
Fee and Commission Income and Expense - Services Rendered by the Bank and Its Subsidiaries and Correspond (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Fees and income from services [abstract] | |||
Fees and commissions from lines of credits and overdrafts | $ 3,814 | $ 2,571 | $ 1,990 |
Fees and commissions from guarantees and letters of credit | 24,134 | 19,261 | 20,043 |
Fees and commissions from card services | 85,082 | 70,292 | 58,359 |
Fees and commissions from accounts management | 13,157 | 12,132 | 12,438 |
Fees and commissions from collections and payments | 42,187 | 25,435 | 24,419 |
Fees and commissions from brokerage and securities management | 3,534 | 9,407 | 9,365 |
Fees and commissions from asset management | 13,776 | 21,944 | 23,086 |
Compensation for insurance brokerage | 43,149 | 35,783 | 30,097 |
Investment banking and advisory fees | 9,577 | 9,250 | 7,471 |
Fees and commissions from student loans ceded | 5,509 | 5,649 | 5,639 |
Commissions on loan transactions | 850 | 668 | 742 |
Commissions for mortgage loans | 131 | 81 | 39 |
Other fees from services rendered | 4,276 | 8,780 | 6,838 |
Other commissions earned | 13,964 | 5,556 | 3,852 |
Totals | $ 263,140 | $ 226,809 | $ 204,378 |
Fee and Commission Income and_4
Fee and Commission Income and Expense - Summary of Expenses for Commissions Accrued in the Year for the Operations (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Fees and income from services [abstract] | |||
Compensation for cards transactions | $ (51,431) | $ (42,191) | $ (38,822) |
Fees and commissions for securities transactions | (5,458) | (4,128) | (4,660) |
Commissions paid for foreign trade transactions | (3,796) | (2,771) | (2,438) |
Commissions paid for customer loyalty program benefits | (22,188) | (17,307) | (11,082) |
Commissions paid for services to customers management | (1,748) | (1,808) | |
Other commissions paid | (7,268) | (5,122) | (4,569) |
Total fee and commission expense | $ (90,141) | $ (73,267) | $ (63,379) |
Fee and Commission Income and_5
Fee and Commission Income and Expense - The Income and Expenses for Commissions Generated by the Segment (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of information for cash-generating units [line items] | |||
Fees and commissions from lines of credits and overdrafts | $ 3,814 | $ 2,571 | $ 1,990 |
Fees and commissions from guarantees and letters of credit | 24,134 | 19,261 | 20,043 |
Fees and commissions from card services | 85,082 | 70,292 | 58,359 |
Fees and commissions from accounts management | 13,157 | 12,132 | 12,438 |
Fees and commissions from collections and payments | 42,187 | 25,435 | 24,419 |
Fees and commissions from brokerage and securities management | 3,534 | 9,407 | 9,365 |
Fees and commissions from asset management | 13,776 | 21,944 | 23,086 |
Compensation for insurance brokerage | 43,149 | 35,783 | 30,097 |
Investment banking and advisory fees | 9,577 | 9,250 | 7,471 |
Fees and commissions from student loans ceded | 5,509 | 5,649 | 5,639 |
Commissions on loan transactions | 850 | 668 | 742 |
Commissions for mortgage loans | 131 | 81 | 39 |
Other fees from services rendered | 4,276 | 8,780 | 6,838 |
Other commissions earned | 13,964 | 5,556 | 3,852 |
Totals | 263,140 | 226,809 | 204,378 |
Compensation for cards transactions | (51,431) | (42,191) | (38,822) |
Fees and commissions for securities transactions | (5,458) | (4,128) | (4,660) |
Commissions paid for foreign trade transactions | (3,796) | (2,771) | (2,438) |
Commissions paid for customer loyalty program benefits | (22,188) | (17,307) | (11,082) |
Commissions paid for services to customers management | (1,748) | (1,808) | |
Other commissions paid | (7,268) | (5,122) | (4,569) |
Total fee and commission expense | (90,141) | $ (73,267) | $ (63,379) |
Cash-generating units [member] | |||
Disclosure of information for cash-generating units [line items] | |||
Fees and commissions from lines of credits and overdrafts | 3,814 | ||
Fees and commissions from guarantees and letters of credit | 24,134 | ||
Fees and commissions from card services | 85,082 | ||
Fees and commissions from accounts management | 13,157 | ||
Fees and commissions from collections and payments | 42,187 | ||
Fees and commissions from brokerage and securities management | 3,534 | ||
Fees and commissions from asset management | 13,776 | ||
Compensation for insurance brokerage | 43,149 | ||
Investment banking and advisory fees | 9,577 | ||
Fees and commissions from student loans ceded | 5,509 | ||
Commissions on loan transactions | 850 | ||
Commissions for mortgage loans | 131 | ||
Other fees from services rendered | 4,276 | ||
Other commissions earned | 13,964 | ||
Totals | 263,140 | ||
Compensation for cards transactions | (51,431) | ||
Fees and commissions for securities transactions | (5,458) | ||
Commissions paid for foreign trade transactions | (3,796) | ||
Commissions paid for customer loyalty program benefits | (22,188) | ||
Other commissions paid | (7,268) | ||
Total fee and commission expense | (90,141) | ||
Cash-generating units [member] | Transferred to long time [member] | |||
Disclosure of information for cash-generating units [line items] | |||
Fees and commissions from card services | 25,775 | ||
Fees and commissions from collections and payments | 3,436 | ||
Fees and commissions from brokerage and securities management | 295 | ||
Investment banking and advisory fees | 4,189 | ||
Totals | 33,695 | ||
Compensation for cards transactions | (24,398) | ||
Fees and commissions for securities transactions | (8) | ||
Other commissions paid | (1) | ||
Total fee and commission expense | (24,407) | ||
Cash-generating units [member] | Transferred in a moment concrete [member] | |||
Disclosure of information for cash-generating units [line items] | |||
Fees and commissions from lines of credits and overdrafts | 3,814 | ||
Fees and commissions from guarantees and letters of credit | 24,134 | ||
Fees and commissions from card services | 59,307 | ||
Fees and commissions from accounts management | 13,157 | ||
Fees and commissions from collections and payments | 36,986 | ||
Fees and commissions from brokerage and securities management | 3,239 | ||
Fees and commissions from asset management | 13,776 | ||
Investment banking and advisory fees | 5,388 | ||
Fees and commissions from student loans ceded | 5,509 | ||
Commissions on loan transactions | 850 | ||
Commissions for mortgage loans | 131 | ||
Other fees from services rendered | 4,276 | ||
Other commissions earned | 13,964 | ||
Totals | 184,531 | ||
Compensation for cards transactions | (27,033) | ||
Fees and commissions for securities transactions | (5,451) | ||
Commissions paid for customer loyalty program benefits | (22,188) | ||
Other commissions paid | (10,527) | ||
Total fee and commission expense | (65,199) | ||
Cash-generating units [member] | Model of accrual [member] | |||
Disclosure of information for cash-generating units [line items] | |||
Fees and commissions from collections and payments | 1,765 | ||
Compensation for insurance brokerage | 43,149 | ||
Totals | 44,914 | ||
Other commissions paid | (535) | ||
Total fee and commission expense | (535) | ||
Cash-generating units [member] | Chile [member] | |||
Disclosure of information for cash-generating units [line items] | |||
Fees and commissions from lines of credits and overdrafts | 2,237 | ||
Fees and commissions from guarantees and letters of credit | 18,971 | ||
Fees and commissions from card services | 55,338 | ||
Fees and commissions from accounts management | 11,826 | ||
Fees and commissions from collections and payments | 20,299 | ||
Fees and commissions from brokerage and securities management | 2,586 | ||
Fees and commissions from asset management | 13,482 | ||
Compensation for insurance brokerage | 39,097 | ||
Investment banking and advisory fees | 6,122 | ||
Fees and commissions from student loans ceded | 5,509 | ||
Commissions on loan transactions | 850 | ||
Commissions for mortgage loans | 131 | ||
Other fees from services rendered | 4,238 | ||
Other commissions earned | 11,379 | ||
Totals | 192,065 | ||
Compensation for cards transactions | (22,807) | ||
Fees and commissions for securities transactions | (3,942) | ||
Commissions paid for foreign trade transactions | (3,796) | ||
Commissions paid for customer loyalty program benefits | (17,430) | ||
Other commissions paid | (2,423) | ||
Total fee and commission expense | (50,398) | ||
Cash-generating units [member] | Colombia [member] | |||
Disclosure of information for cash-generating units [line items] | |||
Fees and commissions from lines of credits and overdrafts | 1,577 | ||
Fees and commissions from guarantees and letters of credit | 5,163 | ||
Fees and commissions from card services | 29,744 | ||
Fees and commissions from accounts management | 1,331 | ||
Fees and commissions from collections and payments | 21,888 | ||
Fees and commissions from brokerage and securities management | 948 | ||
Fees and commissions from asset management | 294 | ||
Compensation for insurance brokerage | 4,052 | ||
Investment banking and advisory fees | 3,455 | ||
Other fees from services rendered | 38 | ||
Other commissions earned | 2,585 | ||
Totals | 71,075 | ||
Compensation for cards transactions | (28,624) | ||
Fees and commissions for securities transactions | (1,516) | ||
Commissions paid for customer loyalty program benefits | (4,758) | ||
Other commissions paid | (4,845) | ||
Total fee and commission expense | $ (39,743) |
Net Income (Expense) from Fin_3
Net Income (Expense) from Financial Operations - Schedule of Trading and Investment Income Recognized (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure net trading and investment income [abstract] | |||
Trading instruments (securities) | $ 7,612 | $ (16,517) | $ 23,696 |
Financial derivative contracts (trading) | 205,828 | 77,172 | 40,714 |
Financial assets measured at fair value through profit and loss, showing separately those held for trading and those designated at initial recognition | (918) | ||
Sale of loans and accounts receivable from customers (1) | 4,734 | 12,132 | 6,476 |
Net gain on sale of financial instruments at fair value through other comprehensive income | (23,123) | (31,084) | 58,092 |
Net result of ineffectiveness and discontinuation of hedge accounting | 1,271 | 3,844 | (19,890) |
Others | 5,437 | 10,363 | 1,799 |
Total | $ 200,841 | $ 55,910 | $ 110,887 |
Net Foreign Exchange Gain (Lo_3
Net Foreign Exchange Gain (Loss) - Schedule of Net Foreign Exchange Gains (Losses) (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Net foreign exchange gain (loss) | |||
Gain (loss) on net foreign currency exchange positions | $ (64,358) | $ 145,429 | $ (50,822) |
Other foreign currency exchange gains (losses) | 3,436 | 1,476 | 2,651 |
Subtotals | (60,922) | 146,905 | (48,171) |
Net exchange rate adjustments gain (loss) | |||
Adjustments for loans and accounts receivable from customers | 446 | 1,610 | (538) |
Adjustment for other assets and liabilities | 46 | (12) | (4) |
Net gain (loss) from hedge accounting | (8,914) | (662) | 25,751 |
Subtotals | 9,406 | 2,260 | (26,293) |
Totals | $ (51,516) | $ 149,165 | $ (74,464) |
Provisions for Impairment of _3
Provisions for Impairment of Financial Assets - Schedule of Changes in Provision for Loan Losses Recorded on the Income (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Provisions released | |||
Credit risk provisions | $ (418,379) | $ (325,955) | |
Loans and accounts receivables from customers [member] | |||
Provisions released | |||
Credit risk provisions | $ (527,078) | ||
Provisions for loan losses [member] | |||
Disclosure of financial assets [line items] | |||
Loss for provisions established | (749,380) | (606,550) | (809,749) |
Income for provisions released | 331,001 | 280,595 | 282,671 |
Provisions released | |||
Recovery of loans previously charged-off | 84,716 | 63,515 | |
Net charge to income | (333,663) | (262,440) | (466,230) |
Provisions for loan losses [member] | Interbank loans [member] | |||
Disclosure of financial assets [line items] | |||
Loss for provisions established | (313) | (695) | (10) |
Income for provisions released | 296 | 388 | 218 |
Provisions released | |||
Net charge to income | (17) | (307) | 208 |
Provisions for loan losses [member] | Financial instruments at FVTOCI [member] | |||
Disclosure of financial assets [line items] | |||
Loss for provisions established | (385) | (225) | (250) |
Income for provisions released | 726 | 487 | 1,649 |
Provisions released | |||
Net charge to income | 341 | 262 | 1,399 |
Provisions for loan losses [member] | Financial Instruments at amortized cost [member] | |||
Disclosure of financial assets [line items] | |||
Loss for provisions established | (36) | (121) | (86) |
Income for provisions released | 127 | 95 | 9 |
Provisions released | |||
Net charge to income | 91 | (26) | (77) |
Provisions for loan losses [member] | Contingent loans [member] | |||
Disclosure of financial assets [line items] | |||
Loss for provisions established | (25,312) | (17,248) | (16,366) |
Income for provisions released | 12,697 | 27,795 | 10,861 |
Provisions released | |||
Net charge to income | (12,615) | 10,547 | (5,505) |
Provisions for loan losses [member] | Loans and accounts receivables from customers [member] | |||
Disclosure of financial assets [line items] | |||
Income for provisions released | 282,671 | ||
Collectively assessed for credit losses [member] | Provisions for loan losses [member] | |||
Provisions released | |||
Recovery of loans previously charged-off | 60,848 | ||
Commercial loans [member] | Provisions for loan losses [member] | Loans and accounts receivable at amortized cost [member] | |||
Disclosure of financial assets [line items] | |||
Loss for provisions established | (432,724) | (325,135) | |
Income for provisions released | 228,499 | 162,388 | |
Provisions released | |||
Recovery of loans previously charged-off | 43,250 | 22,865 | |
Net charge to income | (160,975) | (139,882) | |
Commercial loans [member] | Provisions for loan losses [member] | Loans and accounts receivables from customers [member] | |||
Disclosure of financial assets [line items] | |||
Loss for provisions established | (541,857) | ||
Income for provisions released | 173,955 | ||
Provisions released | |||
Net charge to income | (342,391) | ||
Commercial loans [member] | Collectively assessed for credit losses [member] | Provisions for loan losses [member] | Loans and accounts receivables from customers [member] | |||
Provisions released | |||
Recovery of loans previously charged-off | 25,511 | ||
Mortgage loans [member] | Provisions for loan losses [member] | Loans and accounts receivable at amortized cost [member] | |||
Disclosure of financial assets [line items] | |||
Loss for provisions established | (122,837) | (33,926) | |
Income for provisions released | 18,558 | 11,664 | |
Provisions released | |||
Recovery of loans previously charged-off | 7,438 | 5,500 | |
Net charge to income | (96,841) | (16,762) | |
Mortgage loans [member] | Provisions for loan losses [member] | Loans and accounts receivables from customers [member] | |||
Disclosure of financial assets [line items] | |||
Loss for provisions established | (27,516) | ||
Income for provisions released | 9,667 | ||
Provisions released | |||
Net charge to income | (15,291) | ||
Mortgage loans [member] | Collectively assessed for credit losses [member] | Provisions for loan losses [member] | Loans and accounts receivables from customers [member] | |||
Provisions released | |||
Recovery of loans previously charged-off | 2,558 | ||
Consumer loans [member] | Provisions for loan losses [member] | Loans and accounts receivable at amortized cost [member] | |||
Disclosure of financial assets [line items] | |||
Loss for provisions established | (167,773) | (229,200) | |
Income for provisions released | 70,098 | 77,778 | |
Provisions released | |||
Recovery of loans previously charged-off | 34,028 | 35,150 | |
Net charge to income | $ (63,647) | $ (116,272) | |
Consumer loans [member] | Provisions for loan losses [member] | Loans and accounts receivables from customers [member] | |||
Disclosure of financial assets [line items] | |||
Loss for provisions established | (223,664) | ||
Income for provisions released | 86,312 | ||
Provisions released | |||
Net charge to income | (104,573) | ||
Consumer loans [member] | Collectively assessed for credit losses [member] | Provisions for loan losses [member] | Loans and accounts receivables from customers [member] | |||
Provisions released | |||
Recovery of loans previously charged-off | $ 32,779 |
Provisions for Impairment of _4
Provisions for Impairment of Financial Assets - Schedule of Established and Released Provision Amounts (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of financial assets [line items] | |||
Provisions established | $ (723,647) | $ (588,956) | $ (522,895) |
Provisions released | 317,451 | 252,218 | |
Totals | (406,196) | (336,738) | |
Commercial loans [member] | |||
Disclosure of financial assets [line items] | |||
Provisions established | (432,724) | (325,135) | (367,902) |
Provisions released | 228,499 | 162,388 | |
Totals | (204,225) | (162,747) | |
Mortgage loans [member] | |||
Disclosure of financial assets [line items] | |||
Provisions established | (122,837) | (33,926) | (17,849) |
Provisions released | 18,558 | 11,664 | |
Totals | (104,279) | (22,262) | |
Consumer loans [member] | |||
Disclosure of financial assets [line items] | |||
Provisions established | (167,773) | (229,200) | (137,352) |
Provisions released | 70,098 | 77,778 | |
Totals | (97,675) | (151,422) | |
Sub Total [member] | |||
Disclosure of financial assets [line items] | |||
Provisions established | (723,334) | (588,261) | (523,103) |
Provisions released | 317,155 | 251,830 | |
Totals | (406,179) | (336,431) | |
Bank [member] | |||
Disclosure of financial assets [line items] | |||
Provisions established | (313) | (695) | 208 |
Provisions released | 296 | 388 | |
Totals | $ (17) | $ (307) | |
Individually assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Provisions established | (793,047) | ||
Individually assessed for credit losses [member] | Commercial loans [member] | |||
Disclosure of financial assets [line items] | |||
Provisions established | (541,857) | ||
Individually assessed for credit losses [member] | Mortgage loans [member] | |||
Disclosure of financial assets [line items] | |||
Provisions established | (27,516) | ||
Individually assessed for credit losses [member] | Consumer loans [member] | |||
Disclosure of financial assets [line items] | |||
Provisions established | (223,664) | ||
Individually assessed for credit losses [member] | Sub Total [member] | |||
Disclosure of financial assets [line items] | |||
Provisions established | (793,037) | ||
Individually assessed for credit losses [member] | Bank [member] | |||
Disclosure of financial assets [line items] | |||
Provisions established | (10) | ||
Collectively assessed for credit losses [member] | |||
Disclosure of financial assets [line items] | |||
Provisions released | 270,152 | ||
Collectively assessed for credit losses [member] | Commercial loans [member] | |||
Disclosure of financial assets [line items] | |||
Provisions released | 173,955 | ||
Collectively assessed for credit losses [member] | Mortgage loans [member] | |||
Disclosure of financial assets [line items] | |||
Provisions released | 9,667 | ||
Collectively assessed for credit losses [member] | Consumer loans [member] | |||
Disclosure of financial assets [line items] | |||
Provisions released | 86,312 | ||
Collectively assessed for credit losses [member] | Sub Total [member] | |||
Disclosure of financial assets [line items] | |||
Provisions released | 269,934 | ||
Collectively assessed for credit losses [member] | Bank [member] | |||
Disclosure of financial assets [line items] | |||
Provisions released | $ 218 |
Personnel Salaries and Expens_3
Personnel Salaries and Expenses - Schedule of Personnel Salaries Expenses (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Personnel salaries expenses [abstract] | |||
Personnel compensation | $ (218,209) | $ (180,671) | $ (185,677) |
Bonuses or gratifications | (67,828) | (79,945) | (68,154) |
Compensation for years of service | (30,075) | (24,402) | (17,292) |
Training expenses | (2,668) | (1,174) | (931) |
Health and life insurance | (1,869) | (1,052) | (2,831) |
Other personnel expenses | (20,849) | (19,476) | (17,306) |
Totals | $ (341,498) | $ (306,720) | $ (292,191) |
Administrative Expenses - Sched
Administrative Expenses - Schedule of Administration Expenses (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Administration expenses [abstract] | |||
Administrative expenses | $ (208,406) | $ (179,416) | $ (181,514) |
Expenses for short-term leases | (1,976) | (1,846) | (1,478) |
Other expenses of obligations for lease contracts | (232) | (457) | (207) |
Maintenance and repair of fixed assets | (32,364) | (33,288) | (32,637) |
Insurance payments | (18,822) | (18,320) | (17,428) |
Office supplies | (1,693) | (1,315) | (1,756) |
IT and communications expenses | (48,625) | (55,436) | (53,839) |
Utilities and other services | (2,785) | (3,545) | (3,931) |
Security and transportation of securities services | (5,643) | (5,694) | (6,754) |
Representation and personnel travel expenses | (1,783) | (846) | (1,263) |
Legal and notarial expenses | (19,904) | (19,419) | (21,675) |
Professional services fees | (1,477) | (1,581) | (1,629) |
Technical report fees | (26,225) | (21,865) | (13,180) |
Fines applied by the Financial Market Commission | (4) | (81) | |
Fines | (368) | (211) | (133) |
Other administrative expenses | (46,505) | (15,512) | (25,604) |
Outsourced services | (33,771) | (31,417) | (28,539) |
Data processing | (11,835) | (11,237) | (10,929) |
Appraisal service | (50) | (88) | |
Call center service for sales, marketing, quality assurance and costumer service | (320) | (442) | (865) |
External collection service | (1,649) | (1,135) | |
External cleaning service, casino, files and documents custody, furniture and equipment storage | (574) | (733) | |
Sale services and product distribution | (91) | (36) | |
Other outsourced services | (19,252) | (17,746) | (16,745) |
Board of Directors compensation | (1,239) | (1,358) | (1,310) |
Marketing and advertising | (14,529) | (12,937) | (11,914) |
Taxes, real estate tax and other legal charges | (40,167) | (32,842) | (34,476) |
Real estate taxes | (341) | (305) | (347) |
Patents | (1,535) | (1,361) | (1,353) |
Other taxes | (28,419) | (22,191) | (23,660) |
Contributions to CMF | (9,872) | (8,985) | (9,116) |
Totals | $ (298,112) | $ (257,970) | $ (257,753) |
Depreciation, Amortization, a_3
Depreciation, Amortization, and Impairment - Schedule of Depreciation and Amortization Expenses (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of financial assets [abstract] | |||
Amortization of intangible assets | $ (54,716) | $ (55,791) | $ (21,826) |
Depreciation of property, plant and equipment | (18,920) | (18,608) | (74,625) |
Depreciation of assets for rights to use of assets | (22,551) | (27,184) | (29,993) |
Totals | $ (96,187) | $ (101,583) | $ (126,444) |
Depreciation, Amortization, a_4
Depreciation, Amortization, and Impairment - Schedule of Impairment losses (Detail) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 CLP ($) item | Dec. 31, 2021 CLP ($) | Dec. 31, 2020 CLP ($) | |
Disclosure of financial assets [line items] | |||
Subtotal Non-financial assets | $ (10) | $ (91) | $ (814,879) |
Total | (814,879) | ||
Number of cash generating units | item | 2 | ||
Intangible assets other than goodwill [member] | |||
Disclosure of financial assets [line items] | |||
Subtotal Non-financial assets | (38,849) | ||
Intangible assets other than goodwill [member] | Systems [Member] | |||
Disclosure of financial assets [line items] | |||
Subtotal Non-financial assets | $ (31,426) | ||
Intangible assets other than goodwill [member] | Projects [Member] | |||
Disclosure of financial assets [line items] | |||
Subtotal Non-financial assets | (3,098) | ||
Intangible assets other than goodwill [member] | Systems And Software [Member] | |||
Disclosure of financial assets [line items] | |||
Subtotal Non-financial assets | (4,325) | ||
Intangibles Generated in Business Combinations [Member] | |||
Disclosure of financial assets [line items] | |||
Subtotal Non-financial assets | (113,911) | ||
Intangibles Generated in Business Combinations [Member] | Ita Corredor de Seguros Colombia S.A [Member] | |||
Disclosure of financial assets [line items] | |||
Subtotal Non-financial assets | (113,138) | ||
Intangibles Generated in Business Combinations [Member] | Itau Corbanca Colombia | |||
Disclosure of financial assets [line items] | |||
Subtotal Non-financial assets | (773) | ||
Goodwill from business combinations [member] | |||
Disclosure of financial assets [line items] | |||
Subtotal Non-financial assets | (651,825) | ||
Goodwill from business combinations [member] | Chile [member] | |||
Disclosure of financial assets [line items] | |||
Subtotal Non-financial assets | (412,356) | ||
Goodwill from business combinations [member] | Colombia [member] | |||
Disclosure of financial assets [line items] | |||
Subtotal Non-financial assets | (239,469) | ||
Nonfinancial assets property plant and equipment [member] | |||
Disclosure of financial assets [line items] | |||
Subtotal Non-financial assets | (10) | (91) | (10,294) |
Total | $ (10) | $ (91) | (814,879) |
Nonfinancial assets property plant and equipment [member] | Fixed assets [member] | |||
Disclosure of financial assets [line items] | |||
Subtotal Non-financial assets | (867) | ||
Nonfinancial assets property plant and equipment [member] | ATM Equipment [Member] | |||
Disclosure of financial assets [line items] | |||
Subtotal Non-financial assets | (24) | ||
Non Financial Assets Goodwill and Intangibles [Member] | Improvements Lease Properties [Member] | |||
Disclosure of financial assets [line items] | |||
Subtotal Non-financial assets | $ (9,403) |
Depreciation, Amortization, a_5
Depreciation, Amortization, and Impairment - Schedule of CGU Book Value (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Dec. 31, 2019 |
Chile [member] | |||||
Disclosure of geographical areas [line items] | |||||
Total | $ 492,512 | $ 492,512 | $ 492,512 | $ 492,512 | $ 940,785 |
Colombia [member] | |||||
Disclosure of geographical areas [line items] | |||||
Total | 253,546 | ||||
Funds Managed by Related Subsidiaries [Member] | Chile [member] | |||||
Disclosure of geographical areas [line items] | |||||
Total | 2,662,349 | 2,321,096 | |||
Funds Managed by Related Subsidiaries [Member] | Colombia [member] | |||||
Disclosure of geographical areas [line items] | |||||
Total | $ 654,460 | $ 688,285 |
Depreciation, Amortization, a_6
Depreciation, Amortization, and Impairment - Allocation of goodwill (Detail) - CLP ($) $ in Millions | 6 Months Ended | 12 Months Ended |
Jun. 30, 2020 | Dec. 31, 2019 | |
Reconciliation of changes in goodwill [abstract] | ||
Impairment | $ (694,936) | $ (651,825) |
Chile [member] | ||
Reconciliation of changes in goodwill [abstract] | ||
Balances at beginning | 940,785 | |
Impairment | (448,273) | (412,356) |
Balance at ending | 492,512 | 940,785 |
Colombia [member] | ||
Reconciliation of changes in goodwill [abstract] | ||
Conversion difference | (6,883) | |
Impairment | $ (246,663) | $ (239,469) |
Depreciation, Amortization, a_7
Depreciation, Amortization, and Impairment - Schedule of Assumptions Used in Calculating the Recoverable Amount (Detail) | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2020 | Dec. 31, 2022 | Dec. 31, 2021 | |
2023 and 2024 [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Dividend payment rate | 40% | ||
2025 and 2027 [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Dividend payment rate | 50% | ||
Chile [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Perpetuity rate | 5.20% | 5.20% | 5.20% |
Projected inflation rate | 3% | 3% | 3% |
Discount rate | 9.33% | 11.14% | 9.33% |
Perpetuity growth rate | 79.84% | 13.30% | 9.70% |
Colombia [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Perpetuity rate | 6.50% | ||
Projected inflation rate | 3% | ||
Discount rate | 12.31% | ||
Perpetuity growth rate | 59.79% | ||
Bottom of Range [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Perpetuity rate | 55% | 30% | |
Bottom of Range [Member] | Chile [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Loans growth | 7% | 5.10% | 7% |
Solvency index limit | 15.14% | 14.73% | 15.14% |
Perpetuity growth rate | 30% | ||
Bottom of Range [Member] | Colombia [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Loans growth | 6.25% | ||
Solvency index limit | 10% | ||
Top of Range [Member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Perpetuity rate | 50% | ||
Top of Range [Member] | Chile [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Loans growth | 10% | 8.20% | 10% |
Solvency index limit | 15.23% | 15.40% | 15.23% |
Perpetuity growth rate | 50% | ||
Top of Range [Member] | Colombia [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Loans growth | 8.82% | ||
Solvency index limit | 11.70% |
Depreciation, Amortization, a_8
Depreciation, Amortization, and Impairment - Goodwill impairment loss (Detail) CLF in Millions, $ in Millions | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2020 CLP ($) | Dec. 31, 2020 CLP ($) | Dec. 31, 2020 CLF | Dec. 31, 2019 CLP ($) | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||||
Impairment loss | $ 814,879 | |||
Goodwill impairment loss | $ 694,936 | $ 651,825 | ||
Totals impairment of CGU Chile and Colombia | 808,847 | |||
Deferred tax liability, business combination | 34,547 | |||
Effect on income net of taxes generated by the recognition of the impairment loss | 731,189 | |||
Impact of Goodwill Impairment Attributable to Parent | 720,951 | |||
Impact of Goodwill Impairment Attributable to Non Controlling Interest | 10,238 | |||
Assets generated in business combination [member] | ||||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||||
Totals impairment of CGU Chile and Colombia | 113,911 | |||
Chile [member] | ||||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||||
Goodwill impairment loss | 448,273 | 412,356 | ||
Totals impairment of CGU Chile and Colombia | 448,273 | |||
Colombia [member] | ||||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||||
Goodwill impairment loss | 246,663 | $ 239,469 | ||
Totals impairment of CGU Chile and Colombia | 360,574 | CLF (113,911) | ||
Colombia [member] | Assets generated in business combination [member] | ||||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||||
Totals impairment of CGU Chile and Colombia | $ 113,911 |
Depreciation, Amortization, a_9
Depreciation, Amortization, and Impairment - Additional Information (Detail) | 6 Months Ended |
Jun. 30, 2020 | |
Chile [member] | |
Disclosure of geographical areas [line items] | |
Projection of loan deposit | 7.30% |
Annual average ratio of demand deposits and term deposit balances | 3.70% |
Colombia [member] | |
Disclosure of geographical areas [line items] | |
Annual average ratio of demand deposits and term deposit balances | 4% |
Depreciation, Amortization, _10
Depreciation, Amortization, and Impairment - Schedule of Impairment Assessment Process (Detail) | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
Chile [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Recoverable Amount / Carrying Value | 81.37% | 122.85% | 141.23% |
Colombia [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Recoverable Amount / Carrying Value | 54.45% |
Depreciation, Amortization, _11
Depreciation, Amortization, and Impairment - Schedule of Cash Flows (Detail) | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2020 | Dec. 31, 2022 | Dec. 31, 2021 | |
Chile [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Discount rates | 11.56% | 12.37% | 10.34% |
Recoverable amount/Carrying value | 139.68% | 158.27% | |
Perpetuity growth rate | 79.84% | 13.30% | 9.70% |
Colombia [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Discount rates | 14.39% | ||
Perpetuity growth rate | 59.79% |
Other Operating Income and Ex_3
Other Operating Income and Expenses - Schedule of Other Operating Income (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Income from assets received in lieu of payment | |||
Gain on sales of assets received in lieu of payment | $ 3,684 | $ 5,758 | $ 3,287 |
Other income | 5,079 | 1,659 | 30,622 |
Subtotals | 8,763 | 7,417 | 33,909 |
Other income | |||
Compensations from insurance companies | 291 | 693 | |
Lease contracts related income | 71 | 265 | 819 |
Gain on sale of property, plant and equipment | 101 | 14 | |
Recovery of leased assets | 59 | ||
Other leasing transactions operating income, subsidiaries | 5,900 | 3,398 | 4,604 |
Gain on sale of leased assets | 78 | 815 | 688 |
Other operating income | 1,648 | 1,533 | 933 |
Revenue from insurance companies agreement | 1,841 | 1,537 | |
Other income for recovery foreign expenses | 1,379 | 1,140 | 895 |
Recoveries from expenses provisions | 5,983 | 8,700 | 15,739 |
Other minor income | 2,003 | 1,346 | 481 |
Other income | 8,404 | 2,431 | 5,207 |
Subtotals | 25,466 | 21,861 | 31,669 |
Totals | $ 34,229 | $ 29,278 | $ 65,578 |
Other Operating Income and Ex_4
Other Operating Income and Expenses - Schedule of Other Operating Expenses (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of other operating income expense [abstract] | |||
Provisions for assets received in lieu of payment | $ (24,006) | $ (2,538) | $ (4,006) |
Maintenance expenses for assets received in lieu of payment | (873) | (863) | (1,086) |
Subtotal | (24,879) | (3,401) | (5,092) |
Provisions for contingencies | |||
Other provisions for contingencies | (986) | (382) | (3,119) |
Subtotals | (986) | (382) | (3,119) |
Other Expenses | |||
Loss on sale of property, plant and equipment | 14 | (15) | (145) |
Restructuring cost | (9,389) | (7,190) | |
Operating expenses | (11,094) | (12,197) | (5,219) |
Insurance expense (law 20,027) | (1,355) | (5,033) | (36,075) |
Provision expense for recovered leased assets | (40) | (378) | (1,191) |
Expenses and losses on sale of assets | (28) | (2,223) | (16,262) |
Banking expenses | (504) | (3,378) | (2,754) |
Fines and penalties | (597) | (2,211) | (4,502) |
Other expenses | (7,708) | (4,636) | (8,962) |
Subtotals | (21,312) | (39,460) | (82,300) |
Totals | $ (47,177) | $ (43,243) | $ (90,511) |
Related Party Transactions - Sc
Related Party Transactions - Schedule of Loan Granted to Related Parties (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Loans and accounts receivable from customers | ||
Loans and receivables to customers, net | $ 170,987 | |
Productive Companies [member] | ||
Loans and accounts receivable from customers | ||
Commercial loans | 47,792 | |
Allowance for loan losses | (9,592) | |
Loans and receivables to customers, net | 38,200 | |
Productive Companies [member] | Commercial loans [member] | ||
Loans and accounts receivable from customers | ||
Commercial loans | 47,792 | |
Investment Companies [member] | ||
Loans and accounts receivable from customers | ||
Commercial loans | $ 5,743 | 19,208 |
Allowance for loan losses | (469) | (1,182) |
Loans and receivables to customers, net | 5,274 | 18,026 |
Investment Companies [member] | Commercial loans [member] | ||
Loans and accounts receivable from customers | ||
Commercial loans | 5,743 | 19,208 |
Individuals [member] | ||
Loans and accounts receivable from customers | ||
Commercial loans | 75,485 | 47,517 |
Allowance for loan losses | (381) | (225) |
Loans and receivables to customers, net | 75,104 | 47,292 |
Individuals [member] | Commercial loans [member] | ||
Loans and accounts receivable from customers | ||
Commercial loans | 9,842 | 5,758 |
Individuals [member] | Mortgages loans [member] | ||
Loans and accounts receivable from customers | ||
Commercial loans | 53,872 | 33,701 |
Individuals [member] | Consumer loans [member] | ||
Loans and accounts receivable from customers | ||
Commercial loans | $ 11,771 | $ 8,058 |
Related Party Transactions - _2
Related Party Transactions - Schedule of Other Transactions with Related Parties (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of transactions between related parties [line items] | |||
Balances receivable (payable) MCh$ | $ 2,134 | $ 1,859 | $ 1,930 |
Adexus S A [member] | |||
Disclosure of transactions between related parties [line items] | |||
Effect on income (loss) Expense MCh$ | (8) | ||
Bcycle Latam SPA [member] | |||
Disclosure of transactions between related parties [line items] | |||
Effect on income (loss) Expense MCh$ | (2,165) | ||
Centro Cultural Corpgroup SpA [member] | |||
Disclosure of transactions between related parties [line items] | |||
Effect on income (loss) Expense MCh$ | (311) | ||
Combanc S.A. [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Effect on income (loss) Expense MCh$ | (534) | (464) | (472) |
Comder Contraparte Central S.A [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Effect on income (loss) Expense MCh$ | (1,482) | (849) | (826) |
Compania Chilena de Television S A [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Effect on income (loss) Expense MCh$ | (8) | ||
Corp Group Holding Inversiones Limitada [member] | |||
Disclosure of transactions between related parties [line items] | |||
Effect on income (loss) Expense MCh$ | (239) | (447) | (537) |
Hotel Corporation of Chile S.A. [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Effect on income (loss) Expense MCh$ | (8) | ||
Inmobiliaria Edificio Corpgroup S.A. [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Balances receivable (payable) MCh$ | (13,326) | (14,175) | |
Effect on income (loss) Expense MCh$ | (2,166) | (4,693) | |
Inmobiliaria Gabriela S A [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Balances receivable (payable) MCh$ | (566) | (632) | (708) |
Effect on income (loss) Expense MCh$ | (132) | (128) | |
Inversiones Corp Group Interhold Ltda [member] | |||
Disclosure of transactions between related parties [line items] | |||
Effect on income (loss) Expense MCh$ | (1,447) | (2,711) | (2,613) |
Itau BBA securities New York [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Balances receivable (payable) MCh$ | 77 | 1,894 | |
Effect on income (loss) Income MCh$ | 1,342 | 2,065 | |
Itau Chile Inv. Serv.y Administracion S.A. [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Balances receivable (payable) MCh$ | (381) | (67) | (198) |
Effect on income (loss) Expense MCh$ | (113) | (818) | (1,143) |
Itau Unibanco S.A [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Balances receivable (payable) MCh$ | 1,549 | ||
Effect on income (loss) Income MCh$ | 2,213 | ||
Effect on income (loss) Expense MCh$ | (1,507) | (655) | |
Banco Ita International [member] | |||
Disclosure of transactions between related parties [line items] | |||
Balances receivable (payable) MCh$ | 736 | ||
Effect on income (loss) Income MCh$ | 1,713 | ||
Banco Ita (Suisse) S.A. [member] | |||
Disclosure of transactions between related parties [line items] | |||
Balances receivable (payable) MCh$ | 2 | ||
Effect on income (loss) Income MCh$ | 7 | ||
Operadora de Tarjeta de Credito Nexus S.A. [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Effect on income (loss) Expense MCh$ | (3,248) | (3,740) | (3,319) |
Pulso Editorial S.A [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Effect on income (loss) Expense MCh$ | (70) | (24) | |
Redbanc S.A. [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Effect on income (loss) Expense MCh$ | (4,678) | (3,566) | (3,094) |
SMU SA, Rendic Hnos. S.A. [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Balances receivable (payable) MCh$ | 991 | ||
Effect on income (loss) Expense MCh$ | (991) | (2,388) | |
Transbank S.A. [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Effect on income (loss) Expense MCh$ | $ (13,037) | $ (8,218) | $ (13,177) |
Related Party Transactions - _3
Related Party Transactions - Schedule of Donations (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of transactions between related parties [line items] | |||
Balances receivable (payable) MCh$ | $ 2,134 | $ 1,859 | $ 1,930 |
Fundacion Corpgroup Centro Cultural [member] | |||
Disclosure of transactions between related parties [line items] | |||
Balances receivable (payable) MCh$ | 1,786 | 1,449 | 1,556 |
Fundacion Descubreme [member] | |||
Disclosure of transactions between related parties [line items] | |||
Balances receivable (payable) MCh$ | 123 | 224 | 204 |
Fundacion Itau [member] | |||
Disclosure of transactions between related parties [line items] | |||
Balances receivable (payable) MCh$ | $ 225 | $ 186 | $ 170 |
Related Party Transactions - _4
Related Party Transactions - Schedule of Other Assets and Liabilities with Related Parties (Detail) $ in Millions, $ in Millions | Dec. 31, 2022 CLP ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 CLP ($) |
Disclosure of transactions between related parties [line items] | |||
Derivative financial instruments | $ 3,756,340 | $ 2,980,926 | |
Other assets | 629,683 | 810,521 | |
TOTAL ASSETS | 40,320,766 | $ 47,197 | 37,600,243 |
Derivative financial instruments | 3,644,874 | 2,925,587 | |
Other liabilities | 1,007,562 | 709,612 | |
TOTAL LIABILITIES | 37,002,977 | 34,275,022 | |
Related Parties 1 [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Derivative financial instruments | 109,194 | ||
Other assets | 98 | ||
TOTAL ASSETS | 109,292 | ||
Derivative financial instruments | 188,130 | ||
Current accounts and demand deposits | 18,507 | 74,724 | |
Time deposits and saving accounts | 149,422 | 241,023 | |
Other liabilities | 21,610 | ||
TOTAL LIABILITIES | $ 167,929 | $ 525,487 |
Related Party Transactions - _5
Related Party Transactions - Schedule of Result of Transactions with Related Parties (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of transactions between related parties [line items] | |||
Fee and commissions income and (expenses) | $ 172,999 | $ 153,542 | $ 140,999 |
Income [member] | |||
Disclosure of transactions between related parties [line items] | |||
Interest and readjustments income (expense) | 1,255 | 6,833 | 8,532 |
Fee and commissions income and (expenses) | 225 | 1,242 | 504 |
Net income (loss) from financial operations | 424,170 | 355,101 | 26,636 |
Operational support related expenses | 275 | 500 | |
Other income and (expenses) | 2 | 80 | 211 |
Totals | 425,652 | 363,531 | 36,383 |
Expense [member] | |||
Disclosure of transactions between related parties [line items] | |||
Interest and readjustments income (expense) | (144) | (1,272) | (4,955) |
Fee and commissions income and (expenses) | (74) | ||
Net income (loss) from financial operations | (375,746) | (492,570) | (10,033) |
Operational support related expenses | (4) | ||
Other income and (expenses) | (220) | (310) | |
Totals | $ (375,968) | $ (494,062) | $ (15,298) |
Related Party Transactions - _6
Related Party Transactions - Schedule of Payments to Board of Directors and Key Management Personnel (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Related party transactions [abstract] | |||
Board of directors compensations | $ (1,239) | $ (1,358) | $ (1,310) |
Short-term employee benefits | 33,819 | 27,168 | 31,868 |
Other long-term benefits | 153 | 3,277 | |
Compensation for termination of contract | 1,936 | 982 | 931 |
Totals | $ 34,669 | $ 30,069 | $ 31,489 |
Related Party Transactions - _7
Related Party Transactions - Schedule of Conformation of Key Personnel (Detail) | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of transactions between related parties [line items] | ||
Number of executives | 172 | 193 |
Directors [member] | ||
Disclosure of transactions between related parties [line items] | ||
Number of executives | 16 | 16 |
Chief Executive Officer [Member] | ||
Disclosure of transactions between related parties [line items] | ||
Number of executives | 8 | 8 |
Corporate Director [member] | ||
Disclosure of transactions between related parties [line items] | ||
Number of executives | 21 | 21 |
Area Manager [member] | ||
Disclosure of transactions between related parties [line items] | ||
Number of executives | 127 | 148 |
Related Party Transactions - _8
Related Party Transactions - Schedule of Transactions with Key Personnel (Detail) - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Credit Cards [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Transactions with key personnel | $ 90 | $ 67 |
Consumer loans [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Transactions with key personnel | 205 | 345 |
Commercial Loans [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Transactions with key personnel | 70 | 546 |
Mortgage Loans [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Transactions with key personnel | $ 340 | $ 306 |
Fair Value of Financial Asset_3
Fair Value of Financial Assets and Liabilities - Schedule of Determination of the Fair Value of Financial Instruments (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | ||
ASSETS | ||
Financial assets | $ 38,452,309 | $ 35,555,723 |
LIABILITIES | ||
Financial liabilities | 35,708,204 | 33,328,731 |
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | Deposits and other demand liabilities [member] | ||
LIABILITIES | ||
Financial liabilities | 5,555,185 | 7,576,095 |
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | Cash in process of being cleared [member] | ||
LIABILITIES | ||
Financial liabilities | 456,957 | 424,358 |
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | Obligations under repurchase agreements [member] | ||
LIABILITIES | ||
Financial liabilities | 354,088 | 466,006 |
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | Time deposits and other time liabilities [member] | ||
LIABILITIES | ||
Financial liabilities | 12,703,653 | 10,097,443 |
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | Financial derivative contracts held for trading [member] | ||
LIABILITIES | ||
Financial liabilities | 3,426,141 | 2,757,342 |
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | Financial derivative contracts held for hedge accounting [member] | ||
LIABILITIES | ||
Financial liabilities | 218,733 | 168,245 |
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | Interbank borrowings [member] | ||
LIABILITIES | ||
Financial liabilities | 4,728,323 | 4,918,423 |
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | Debt instruments issued [member] | ||
LIABILITIES | ||
Financial liabilities | 6,547,807 | 5,609,795 |
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | Financial instruments of regulatory capital issued [member] | ||
LIABILITIES | ||
Financial liabilities | 1,263,169 | 1,153,045 |
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | Lease contract liabilities [member] | ||
LIABILITIES | ||
Financial liabilities | 94,575 | 115,544 |
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | Other financial obligations [Member] | ||
LIABILITIES | ||
Financial liabilities | 359,573 | 42,435 |
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | Cash and deposits in banks [member] | ||
ASSETS | ||
Financial assets | 3,058,752 | 3,473,392 |
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | Cash items in process of collection [member] | ||
ASSETS | ||
Financial assets | 494,994 | 438,496 |
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | Financial instruments at fair value through profit and loss [member] | ||
ASSETS | ||
Financial assets | 472,283 | 332,724 |
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | Financial instruments at FVTOCI [member] | ||
ASSETS | ||
Financial assets | 3,735,290 | 3,660,450 |
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | Loans and receivables from banks, net [member] | ||
ASSETS | ||
Financial assets | 25,711,811 | 23,795,548 |
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | Financial Instruments at amortized cost [member] | ||
ASSETS | ||
Financial assets | 1,013,943 | 187,455 |
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | Investments under resale agreements [Member] | ||
ASSETS | ||
Financial assets | 162,774 | 606,178 |
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | Financial derivative contracts held for trading [member] | ||
ASSETS | ||
Financial assets | 3,617,792 | 2,897,803 |
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | Financial derivative contracts held for hedge accounting [member] | ||
ASSETS | ||
Financial assets | 138,548 | 83,123 |
Not measured at fair value in statement of financial position but for which fair value is disclosed [member] | Interbank loans [member] | ||
ASSETS | ||
Financial assets | 46,122 | 80,554 |
Recurring Fair Value Measurement [Member] | ||
ASSETS | ||
Financial assets | 7,963,913 | 6,974,100 |
LIABILITIES | ||
Financial liabilities | 3,644,874 | 2,925,587 |
Recurring Fair Value Measurement [Member] | Financial derivative contracts held for trading [member] | ||
LIABILITIES | ||
Financial liabilities | 3,426,141 | 2,757,342 |
Recurring Fair Value Measurement [Member] | Financial derivative contracts held for hedge accounting [member] | ||
LIABILITIES | ||
Financial liabilities | 218,733 | 168,245 |
Recurring Fair Value Measurement [Member] | Financial instruments at fair value through profit and loss [member] | ||
ASSETS | ||
Financial assets | 472,283 | 332,724 |
Recurring Fair Value Measurement [Member] | Financial instruments at FVTOCI [member] | ||
ASSETS | ||
Financial assets | 3,735,290 | 3,660,450 |
Recurring Fair Value Measurement [Member] | Financial derivative contracts [member] | ||
ASSETS | ||
Financial assets | 3,756,340 | 2,980,926 |
LIABILITIES | ||
Financial liabilities | 3,644,874 | 2,925,587 |
Recurring Fair Value Measurement [Member] | Financial derivative contracts held for trading [member] | ||
ASSETS | ||
Financial assets | 3,617,792 | 2,897,803 |
Recurring Fair Value Measurement [Member] | Financial derivative contracts held for hedge accounting [member] | ||
ASSETS | ||
Financial assets | 138,548 | 83,123 |
Non-Recurring Fair Value Measurement [Member] | ||
ASSETS | ||
Financial assets | 31,093,448 | 28,905,337 |
LIABILITIES | ||
Financial liabilities | 31,941,893 | 30,181,177 |
Non-Recurring Fair Value Measurement [Member] | Deposits and other demand liabilities [member] | ||
LIABILITIES | ||
Financial liabilities | 5,555,185 | 7,576,095 |
Non-Recurring Fair Value Measurement [Member] | Cash in process of being cleared [member] | ||
LIABILITIES | ||
Financial liabilities | 456,957 | 424,358 |
Non-Recurring Fair Value Measurement [Member] | Obligations under repurchase agreements [member] | ||
LIABILITIES | ||
Financial liabilities | 354,088 | 466,006 |
Non-Recurring Fair Value Measurement [Member] | Time deposits and other time liabilities [member] | ||
LIABILITIES | ||
Financial liabilities | 12,628,648 | 10,009,988 |
Non-Recurring Fair Value Measurement [Member] | Interbank borrowings [member] | ||
LIABILITIES | ||
Financial liabilities | 4,714,722 | 4,915,814 |
Non-Recurring Fair Value Measurement [Member] | Debt instruments issued [member] | ||
LIABILITIES | ||
Financial liabilities | 6,360,361 | 5,486,872 |
Non-Recurring Fair Value Measurement [Member] | Financial instruments of regulatory capital issued [member] | ||
LIABILITIES | ||
Financial liabilities | 1,417,784 | 1,153,045 |
Non-Recurring Fair Value Measurement [Member] | Lease contract liabilities [member] | ||
LIABILITIES | ||
Financial liabilities | 94,575 | 106,564 |
Non-Recurring Fair Value Measurement [Member] | Other financial obligations [Member] | ||
LIABILITIES | ||
Financial liabilities | 359,573 | 42,435 |
Non-Recurring Fair Value Measurement [Member] | Cash and deposits in banks [member] | ||
ASSETS | ||
Financial assets | 3,058,752 | 3,473,392 |
Non-Recurring Fair Value Measurement [Member] | Cash items in process of collection [member] | ||
ASSETS | ||
Financial assets | 494,994 | 438,496 |
Non-Recurring Fair Value Measurement [Member] | Loans and receivables from banks, net [member] | ||
ASSETS | ||
Financial assets | 26,405,529 | 24,119,631 |
Non-Recurring Fair Value Measurement [Member] | Financial Instruments at amortized cost [member] | ||
ASSETS | ||
Financial assets | 925,277 | 187,086 |
Non-Recurring Fair Value Measurement [Member] | Investments under resale agreements [Member] | ||
ASSETS | ||
Financial assets | 162,774 | 606,178 |
Non-Recurring Fair Value Measurement [Member] | Interbank loans [member] | ||
ASSETS | ||
Financial assets | $ 46,122 | $ 80,554 |
Fair Value of Financial Asset_4
Fair Value of Financial Assets and Liabilities - Schedule of Fair Value Measurements of Assets and Liabilities Only for Disclosure Purposes (Non-recurring) (Detail) - Non-Recurring Fair Value Measurement [Member] - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
ASSETS | ||
Financial assets | $ 31,093,448 | $ 28,905,337 |
LIABILITIES | ||
Financial liabilities | 31,941,893 | 30,181,177 |
Deposits and other demand liabilities [member] | ||
LIABILITIES | ||
Financial liabilities | 5,555,185 | 7,576,095 |
Cash in process of being cleared [member] | ||
LIABILITIES | ||
Financial liabilities | 456,957 | 424,358 |
Obligations under repurchase agreements [member] | ||
LIABILITIES | ||
Financial liabilities | 354,088 | 466,006 |
Time deposits and other time liabilities [member] | ||
LIABILITIES | ||
Financial liabilities | 12,628,648 | 10,009,988 |
Interbank borrowings [member] | ||
LIABILITIES | ||
Financial liabilities | 4,714,722 | 4,915,814 |
Debt instruments issued [member] | ||
LIABILITIES | ||
Financial liabilities | 6,360,361 | 5,486,872 |
Financial instruments of regulatory capital issued [member] | ||
LIABILITIES | ||
Financial liabilities | 1,417,784 | 1,153,045 |
Lease contract liabilities [member] | ||
LIABILITIES | ||
Financial liabilities | 94,575 | 106,564 |
Other financial obligations [Member] | ||
LIABILITIES | ||
Financial liabilities | 359,573 | 42,435 |
Cash and deposits in banks [member] | ||
ASSETS | ||
Financial assets | 3,058,752 | 3,473,392 |
Cash items in process of collection [member] | ||
ASSETS | ||
Financial assets | 494,994 | 438,496 |
Loans and accounts receivable at amortized cost [member]. | ||
ASSETS | ||
Financial assets | 26,405,529 | 24,119,631 |
Investments under resale agreements [Member] | ||
ASSETS | ||
Financial assets | 162,774 | 606,178 |
Interbank loans [member] | ||
ASSETS | ||
Financial assets | 46,122 | 80,554 |
Financial instruments at amortized cost [member] | ||
ASSETS | ||
Financial assets | $ 925,277 | $ 187,086 |
Fair Value of Financial Asset_5
Fair Value of Financial Assets and Liabilities - Schedule of Fair Value Measurement of Financial Assets and Liabilities (Recurring) (Detail) - Recurring Fair Value Measurement [Member] - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
ASSETS | ||
Financial assets | $ 7,963,913 | $ 6,974,100 |
LIABILITIES | ||
Financial liabilities | 3,644,874 | 2,925,587 |
Currency forwards [Member] | Derivative Financial Instruments Liabilities [member] | ||
LIABILITIES | ||
Financial liabilities | 530,445 | 391,049 |
Swap contract [member] | Derivative Financial Instruments Liabilities [member] | ||
LIABILITIES | ||
Financial liabilities | 3,113,516 | 2,534,164 |
Call options [member] | Derivative Financial Instruments Liabilities [member] | ||
LIABILITIES | ||
Financial liabilities | 403 | 343 |
Put options [member] | Derivative Financial Instruments Liabilities [member] | ||
LIABILITIES | ||
Financial liabilities | 510 | 31 |
Trading Portfolio Financial Assets [member] | Financial instruments at fair value through profit and loss [member] | ||
ASSETS | ||
Financial assets | 472,283 | 332,724 |
Trading Portfolio Financial Assets [member] | Chilean Central Bank Securities [member] | ||
ASSETS | ||
Financial assets | 160,751 | 50,743 |
Trading Portfolio Financial Assets [member] | Other Instruments Issued in Chile [Member] | ||
ASSETS | ||
Financial assets | 22,877 | 111 |
Trading Portfolio Financial Assets [member] | Foreign government and central bank instruments [member] | ||
ASSETS | ||
Financial assets | 182,268 | 232,083 |
Trading Portfolio Financial Assets [member] | Other securities issued abroad [member] | ||
ASSETS | ||
Financial assets | 4,658 | 8,824 |
Trading Portfolio Financial Assets [member] | Investments in mutual funds [member] | ||
ASSETS | ||
Financial assets | 47,598 | 39,842 |
Trading Portfolio Financial Assets [member] | Financial assets not held for trading mandatorily measured at fair value through profit or loss [Member] | ||
ASSETS | ||
Financial assets | 53,206 | |
Trading Portfolio Financial Assets [member] | Other investments at fair value through profit or loss [member] | ||
ASSETS | ||
Financial assets | 925 | 1,121 |
Trading Portfolio Financial Assets [member] | Financial instruments at FVTOCI [member] | ||
ASSETS | ||
Financial assets | 3,735,290 | 3,660,450 |
Financial Investments Available-for-Sale [member] | Foreign government and central bank instruments [member] | ||
ASSETS | ||
Financial assets | 311,319 | 45,386 |
Financial Investments Available-for-Sale [member] | Other securities issued abroad [member] | ||
ASSETS | ||
Financial assets | 232,350 | 366,487 |
Financial Investments Available-for-Sale [member] | Chilean Central Bank and Government Securities [member] | ||
ASSETS | ||
Financial assets | 2,971,905 | 2,325,668 |
Financial Investments Available-for-Sale [member] | Other securities issued in Chile [member] | ||
ASSETS | ||
Financial assets | 205,358 | 138,845 |
Financial Investments Available-for-Sale [member] | Other investments at fair value through other comprehensive income [member] | ||
ASSETS | ||
Financial assets | 14,358 | 784,064 |
Financial derivative contracts [member] | ||
ASSETS | ||
Financial assets | 3,756,340 | 2,980,926 |
LIABILITIES | ||
Financial liabilities | 3,644,874 | 2,925,587 |
Derivative financial instruments [member] | Currency forwards [Member] | ||
ASSETS | ||
Financial assets | 488,261 | 382,206 |
Derivative financial instruments [member] | Swap contract [member] | ||
ASSETS | ||
Financial assets | 3,267,426 | 2,598,071 |
Derivative financial instruments [member] | Call options [member] | ||
ASSETS | ||
Financial assets | $ 653 | $ 649 |
Fair Value of Financial Asset_6
Fair Value of Financial Assets and Liabilities - Measured at Fair Value - Schedule of Financial Derivative Instruments (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of financial assets [line items] | |||
CVA | $ (5,663) | $ (9,320) | $ (40,971) |
DVA | 881 | 337 | 589 |
Derivative financial instruments held for trading [member] | |||
Disclosure of financial assets [line items] | |||
CVA | (5,663) | (9,320) | (40,971) |
DVA | 881 | 337 | 589 |
Derivative financial instruments held for trading [member] | Currency Forward Contract [member] | |||
Disclosure of financial assets [line items] | |||
CVA | (474) | (240) | (443) |
DVA | 446 | 207 | 205 |
Derivative financial instruments held for trading [member] | Currency Swap Contract [Member] | |||
Disclosure of financial assets [line items] | |||
CVA | (4,748) | (4,936) | (36,363) |
DVA | 344 | 56 | 37 |
Derivative financial instruments held for trading [member] | Interest rate swaps contract [member] | |||
Disclosure of financial assets [line items] | |||
CVA | (441) | (4,144) | (4,165) |
DVA | $ 91 | $ 74 | $ 347 |
Fair Value of Financial Asset_7
Fair Value of Financial Assets and Liabilities - Schedule of Impacts on the Portfolio of a Recalibration (Detail) - Basis TAB [member] - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
CLP [member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
TAB 30 | $ 33 | $ 48 |
TAB 180 | 26 | 37 |
Totals | 59 | 85 |
CLF [member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
TAB 180 | 9 | 12 |
TAB 360 | (1) | (2) |
Totals | $ 8 | $ 10 |
Fair Value of Financial Asset_8
Fair Value of Financial Assets and Liabilities - Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Fair Value [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | $ 7,963,913 | $ 6,974,100 |
Financial liabilities | 3,644,874 | 2,925,587 |
Fair Value [Member] | Derivative Financial Instruments Liabilities [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial liabilities | 3,644,874 | 2,925,587 |
Financial instruments at fair value through profit and loss [member] | Fair Value [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 472,283 | 332,724 |
Financial instruments at FVTOCI [member] | Fair Value [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 3,735,290 | 3,660,450 |
Financial derivative contracts [member] | Fair Value [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 3,756,340 | 2,980,926 |
Recurring Fair Value Measurement [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 7,963,913 | 6,974,100 |
Financial liabilities | 3,644,874 | 2,925,587 |
Recurring Fair Value Measurement [Member] | Derivative Financial Instruments Liabilities [member] | Currency forwards [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial liabilities | 530,445 | 391,049 |
Recurring Fair Value Measurement [Member] | Derivative Financial Instruments Liabilities [member] | Swap contract [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial liabilities | 3,113,516 | 2,534,164 |
Recurring Fair Value Measurement [Member] | Derivative Financial Instruments Liabilities [member] | Call options [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial liabilities | 403 | 343 |
Recurring Fair Value Measurement [Member] | Derivative Financial Instruments Liabilities [member] | Put options [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial liabilities | 510 | 31 |
Recurring Fair Value Measurement [Member] | Fair Value [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 7,963,913 | 6,974,100 |
Financial liabilities | 3,644,874 | 2,925,587 |
Recurring Fair Value Measurement [Member] | Fair Value [Member] | Derivative Financial Instruments Liabilities [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial liabilities | 3,644,874 | 2,925,587 |
Recurring Fair Value Measurement [Member] | Fair Value [Member] | Derivative Financial Instruments Liabilities [member] | Currency forwards [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial liabilities | 530,445 | 391,049 |
Recurring Fair Value Measurement [Member] | Fair Value [Member] | Derivative Financial Instruments Liabilities [member] | Swap contract [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial liabilities | 3,113,516 | 2,534,164 |
Recurring Fair Value Measurement [Member] | Fair Value [Member] | Derivative Financial Instruments Liabilities [member] | Call options [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial liabilities | 403 | 343 |
Recurring Fair Value Measurement [Member] | Fair Value [Member] | Derivative Financial Instruments Liabilities [member] | Put options [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial liabilities | 510 | 31 |
Recurring Fair Value Measurement [Member] | Level 1 [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 3,602,448 | 2,962,004 |
Recurring Fair Value Measurement [Member] | Level 2 [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 4,048,600 | 3,993,344 |
Financial liabilities | 3,644,711 | 2,924,710 |
Recurring Fair Value Measurement [Member] | Level 2 [Member] | Derivative Financial Instruments Liabilities [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial liabilities | 3,644,711 | 2,924,710 |
Recurring Fair Value Measurement [Member] | Level 2 [Member] | Derivative Financial Instruments Liabilities [member] | Currency forwards [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial liabilities | 530,388 | 390,414 |
Recurring Fair Value Measurement [Member] | Level 2 [Member] | Derivative Financial Instruments Liabilities [member] | Swap contract [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial liabilities | 3,113,410 | 2,533,922 |
Recurring Fair Value Measurement [Member] | Level 2 [Member] | Derivative Financial Instruments Liabilities [member] | Call options [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial liabilities | 403 | 343 |
Recurring Fair Value Measurement [Member] | Level 2 [Member] | Derivative Financial Instruments Liabilities [member] | Put options [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial liabilities | 510 | 31 |
Recurring Fair Value Measurement [Member] | Level 3 [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 181,354 | 18,752 |
Financial liabilities | 326 | 877 |
Recurring Fair Value Measurement [Member] | Level 3 [Member] | Derivative Financial Instruments Liabilities [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial liabilities | 326 | 877 |
Recurring Fair Value Measurement [Member] | Level 3 [Member] | Derivative Financial Instruments Liabilities [member] | Currency forwards [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial liabilities | 163 | 635 |
Recurring Fair Value Measurement [Member] | Level 3 [Member] | Derivative Financial Instruments Liabilities [member] | Swap contract [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial liabilities | 57 | 242 |
Recurring Fair Value Measurement [Member] | Level 3 [Member] | Derivative Financial Instruments Liabilities [member] | Call options [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial liabilities | 106 | |
Recurring Fair Value Measurement [Member] | Financial instruments at fair value through profit and loss [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 472,283 | 332,724 |
Recurring Fair Value Measurement [Member] | Financial instruments at fair value through profit and loss [member] | Fair Value [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 472,283 | 332,724 |
Recurring Fair Value Measurement [Member] | Financial instruments at fair value through profit and loss [member] | Fair Value [Member] | Chilean Central Bank Securities [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 160,751 | 50,743 |
Recurring Fair Value Measurement [Member] | Financial instruments at fair value through profit and loss [member] | Fair Value [Member] | Other securities issued locally [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 22,877 | 111 |
Recurring Fair Value Measurement [Member] | Financial instruments at fair value through profit and loss [member] | Fair Value [Member] | Foreign government and central bank instruments [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 182,268 | 232,083 |
Recurring Fair Value Measurement [Member] | Financial instruments at fair value through profit and loss [member] | Fair Value [Member] | Other securities issued abroad [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 4,658 | 8,824 |
Recurring Fair Value Measurement [Member] | Financial instruments at fair value through profit and loss [member] | Fair Value [Member] | Investments in mutual funds [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 47,598 | 39,842 |
Recurring Fair Value Measurement [Member] | Financial instruments at fair value through profit and loss [member] | Fair Value [Member] | Financial assets not held for trading mandatorily measured at fair value through profit or loss [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 53,206 | |
Recurring Fair Value Measurement [Member] | Financial instruments at fair value through profit and loss [member] | Fair Value [Member] | Other investments at fair value through profit or loss [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 925 | 1,121 |
Recurring Fair Value Measurement [Member] | Financial instruments at fair value through profit and loss [member] | Level 1 [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 390,870 | 322,913 |
Recurring Fair Value Measurement [Member] | Financial instruments at fair value through profit and loss [member] | Level 1 [Member] | Chilean Central Bank Securities [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 160,751 | 50,743 |
Recurring Fair Value Measurement [Member] | Financial instruments at fair value through profit and loss [member] | Level 1 [Member] | Foreign government and central bank instruments [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 182,268 | 232,083 |
Recurring Fair Value Measurement [Member] | Financial instruments at fair value through profit and loss [member] | Level 1 [Member] | Investments in mutual funds [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 47,598 | 39,842 |
Recurring Fair Value Measurement [Member] | Financial instruments at fair value through profit and loss [member] | Level 1 [Member] | Other investments at fair value through profit or loss [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 253 | 245 |
Recurring Fair Value Measurement [Member] | Financial instruments at fair value through profit and loss [member] | Level 2 [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 28,207 | 9,811 |
Recurring Fair Value Measurement [Member] | Financial instruments at fair value through profit and loss [member] | Level 2 [Member] | Other securities issued locally [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 22,877 | 111 |
Recurring Fair Value Measurement [Member] | Financial instruments at fair value through profit and loss [member] | Level 2 [Member] | Other securities issued abroad [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 4,658 | 8,824 |
Recurring Fair Value Measurement [Member] | Financial instruments at fair value through profit and loss [member] | Level 2 [Member] | Other investments at fair value through profit or loss [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 672 | 876 |
Recurring Fair Value Measurement [Member] | Financial instruments at fair value through profit and loss [member] | Level 3 [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 53,206 | |
Recurring Fair Value Measurement [Member] | Financial instruments at fair value through profit and loss [member] | Level 3 [Member] | Financial assets not held for trading mandatorily measured at fair value through profit or loss [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 53,206 | |
Recurring Fair Value Measurement [Member] | Financial instruments at FVTOCI [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 3,735,290 | 3,660,450 |
Recurring Fair Value Measurement [Member] | Financial instruments at FVTOCI [member] | Fair Value [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 3,735,290 | 3,660,450 |
Recurring Fair Value Measurement [Member] | Financial instruments at FVTOCI [member] | Fair Value [Member] | Chilean Central Bank Securities [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 2,971,905 | 2,325,668 |
Recurring Fair Value Measurement [Member] | Financial instruments at FVTOCI [member] | Fair Value [Member] | Other securities issued locally [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 205,358 | 138,845 |
Recurring Fair Value Measurement [Member] | Financial instruments at FVTOCI [member] | Fair Value [Member] | Foreign government and central bank instruments [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 311,319 | 45,386 |
Recurring Fair Value Measurement [Member] | Financial instruments at FVTOCI [member] | Fair Value [Member] | Other securities issued abroad [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 232,350 | 366,487 |
Recurring Fair Value Measurement [Member] | Financial instruments at FVTOCI [member] | Fair Value [Member] | Other investments at fair value through other comprehensive income [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 14,358 | 784,064 |
Recurring Fair Value Measurement [Member] | Financial instruments at FVTOCI [member] | Level 1 [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 3,211,578 | 2,639,091 |
Recurring Fair Value Measurement [Member] | Financial instruments at FVTOCI [member] | Level 1 [Member] | Chilean Central Bank Securities [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 2,971,905 | 2,325,668 |
Recurring Fair Value Measurement [Member] | Financial instruments at FVTOCI [member] | Level 1 [Member] | Foreign government and central bank instruments [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 161,825 | 45,386 |
Recurring Fair Value Measurement [Member] | Financial instruments at FVTOCI [member] | Level 1 [Member] | Other securities issued abroad [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 77,848 | 261,334 |
Recurring Fair Value Measurement [Member] | Financial instruments at FVTOCI [member] | Level 1 [Member] | Other investments at fair value through other comprehensive income [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 6,703 | |
Recurring Fair Value Measurement [Member] | Financial instruments at FVTOCI [member] | Level 2 [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 282,036 | 1,021,359 |
Recurring Fair Value Measurement [Member] | Financial instruments at FVTOCI [member] | Level 2 [Member] | Other securities issued locally [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 205,358 | 138,845 |
Recurring Fair Value Measurement [Member] | Financial instruments at FVTOCI [member] | Level 2 [Member] | Other securities issued abroad [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 62,320 | 105,153 |
Recurring Fair Value Measurement [Member] | Financial instruments at FVTOCI [member] | Level 2 [Member] | Other investments at fair value through other comprehensive income [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 14,358 | 777,361 |
Recurring Fair Value Measurement [Member] | Financial instruments at FVTOCI [member] | Level 3 [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 92,182 | |
Recurring Fair Value Measurement [Member] | Financial instruments at FVTOCI [member] | Level 3 [Member] | Other securities issued abroad [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 92,182 | |
Recurring Fair Value Measurement [Member] | Financial derivative contracts [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 3,756,340 | 2,980,926 |
Financial liabilities | 3,644,874 | 2,925,587 |
Recurring Fair Value Measurement [Member] | Financial derivative contracts [member] | Fair Value [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 3,756,340 | 2,980,926 |
Recurring Fair Value Measurement [Member] | Financial derivative contracts [member] | Fair Value [Member] | Currency forwards [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 488,261 | 382,206 |
Recurring Fair Value Measurement [Member] | Financial derivative contracts [member] | Fair Value [Member] | Swap contract [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 3,267,426 | 2,598,071 |
Recurring Fair Value Measurement [Member] | Financial derivative contracts [member] | Fair Value [Member] | Call options [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 653 | 649 |
Recurring Fair Value Measurement [Member] | Financial derivative contracts [member] | Level 2 [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 3,738,357 | 2,962,174 |
Recurring Fair Value Measurement [Member] | Financial derivative contracts [member] | Level 2 [Member] | Currency forwards [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 487,602 | 380,210 |
Recurring Fair Value Measurement [Member] | Financial derivative contracts [member] | Level 2 [Member] | Swap contract [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 3,250,102 | 2,581,315 |
Recurring Fair Value Measurement [Member] | Financial derivative contracts [member] | Level 2 [Member] | Call options [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 653 | 649 |
Recurring Fair Value Measurement [Member] | Financial derivative contracts [member] | Level 3 [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 35,966 | 18,752 |
Recurring Fair Value Measurement [Member] | Financial derivative contracts [member] | Level 3 [Member] | Currency forwards [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 17,983 | 1,996 |
Recurring Fair Value Measurement [Member] | Financial derivative contracts [member] | Level 3 [Member] | Swap contract [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 659 | 16,756 |
Recurring Fair Value Measurement [Member] | Financial derivative contracts [member] | Level 3 [Member] | Call options [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 17,324 | |
Recurring Fair Value Measurement [Member] | Derivative financial instruments [member] | Currency forwards [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 488,261 | 382,206 |
Recurring Fair Value Measurement [Member] | Derivative financial instruments [member] | Swap contract [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 3,267,426 | 2,598,071 |
Recurring Fair Value Measurement [Member] | Derivative financial instruments [member] | Call options [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 653 | 649 |
Recurring Fair Value Measurement [Member] | Trading Portfolio Financial Assets [member] | Chilean Central Bank Securities [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 160,751 | 50,743 |
Recurring Fair Value Measurement [Member] | Trading Portfolio Financial Assets [member] | Foreign government and central bank instruments [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 182,268 | 232,083 |
Recurring Fair Value Measurement [Member] | Trading Portfolio Financial Assets [member] | Other securities issued abroad [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 4,658 | 8,824 |
Recurring Fair Value Measurement [Member] | Trading Portfolio Financial Assets [member] | Investments in mutual funds [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 47,598 | 39,842 |
Recurring Fair Value Measurement [Member] | Trading Portfolio Financial Assets [member] | Financial assets not held for trading mandatorily measured at fair value through profit or loss [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 53,206 | |
Recurring Fair Value Measurement [Member] | Trading Portfolio Financial Assets [member] | Other investments at fair value through profit or loss [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 925 | 1,121 |
Recurring Fair Value Measurement [Member] | Financial Investments Available-for-Sale [member] | Foreign government and central bank instruments [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 311,319 | 45,386 |
Recurring Fair Value Measurement [Member] | Financial Investments Available-for-Sale [member] | Other securities issued abroad [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | 232,350 | 366,487 |
Recurring Fair Value Measurement [Member] | Financial Investments Available-for-Sale [member] | Other investments at fair value through other comprehensive income [member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Financial assets | $ 14,358 | $ 784,064 |
Fair Value of Financial Asset_9
Fair Value of Financial Assets and Liabilities - Schedule of Reconciliation (Detail) $ in Millions, $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 CLP ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 CLP ($) | |
Disclosure of fair value measurement of assets [line items] | |||
Opening balance | $ 37,600,243 | ||
Closing balance | 40,320,766 | $ 47,197 | $ 37,600,243 |
Opening balance | 34,275,022 | ||
Closing balance | 37,002,977 | 34,275,022 | |
Fair Value [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 7,963,913 | 6,974,100 | |
Financial liabilities | 3,644,874 | 2,925,587 | |
Fair Value [Member] | Financial instruments at FVTOCI [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 3,735,290 | 3,660,450 | |
Fair Value [Member] | Financial derivative contracts [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial assets | 3,756,340 | 2,980,926 | |
Fair Value [Member] | Derivative Financial Instruments Liabilities [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Financial liabilities | 3,644,874 | 2,925,587 | |
Level 3 [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Opening balance | 18,752 | 27,265 | |
Gain (loss) recognized in profit or loss | 2,905 | 352 | |
Gain (loss) recognized in equity | (8,925) | ||
Purchases, sales and agreements | 150,639 | (8,865) | |
Closing balance | 163,371 | 18,752 | |
Opening balance | 877 | 840 | |
Gain (loss) recognized in profit or loss | (1,984) | (420) | |
Net of purchases, sales and agreements | 1,270 | 457 | |
Closing balance | 163 | 877 | |
Level 3 [Member] | Financial assets not held for trading mandatorily measured at fair value through profit or loss [Member] | Commercial loans [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Gain (loss) recognized in profit or loss | (442) | ||
Purchases, sales and agreements | 53,648 | ||
Closing balance | 53,206 | ||
Level 3 [Member] | Financial instruments at FVTOCI [member] | Other securities issued abroad [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Gain (loss) recognized in equity | (8,925) | ||
Purchases, sales and agreements | 101,107 | ||
Closing balance | 92,182 | ||
Level 3 [Member] | Financial derivative contracts [member] | Currency forwards [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Opening balance | 1,996 | 3,576 | |
Gain (loss) recognized in profit or loss | (273) | 1,789 | |
Purchases, sales and agreements | (1,064) | (3,369) | |
Closing balance | 659 | 1,996 | |
Level 3 [Member] | Financial derivative contracts [member] | Swap contract [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Opening balance | 16,756 | 23,689 | |
Gain (loss) recognized in profit or loss | 3,620 | (1,437) | |
Purchases, sales and agreements | (3,052) | (5,496) | |
Closing balance | 17,324 | 16,756 | |
Level 3 [Member] | Derivative Financial Instruments Liabilities [member] | Currency forwards [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Opening balance | 635 | 116 | |
Gain (loss) recognized in profit or loss | (460) | 2,331 | |
Net of purchases, sales and agreements | (118) | (1,812) | |
Closing balance | 57 | 635 | |
Level 3 [Member] | Derivative Financial Instruments Liabilities [member] | Swap contract [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Opening balance | 242 | 724 | |
Gain (loss) recognized in profit or loss | (1,524) | (2,751) | |
Net of purchases, sales and agreements | 1,388 | 2,269 | |
Closing balance | $ 106 | $ 242 |
Fair Value of Financial Asse_10
Fair Value of Financial Assets and Liabilities - Schedule of Classifies Assets and Liabilities Measured at Fair Value on a Non-recurring Basis (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Non-Recurring Fair Value Measurement [Member] | ||
ASSETS | ||
Financial assets | $ 31,093,448 | $ 28,905,337 |
LIABILITIES | ||
Financial liabilities | 31,941,893 | 30,181,177 |
Deposits and other demand liabilities [member] | Non-Recurring Fair Value Measurement [Member] | ||
LIABILITIES | ||
Financial liabilities | 5,555,185 | 7,576,095 |
Cash in process of being cleared [member] | Non-Recurring Fair Value Measurement [Member] | ||
LIABILITIES | ||
Financial liabilities | 456,957 | 424,358 |
Obligations under repurchase agreements [member] | Non-Recurring Fair Value Measurement [Member] | ||
LIABILITIES | ||
Financial liabilities | 354,088 | 466,006 |
Time deposits and other time liabilities [member] | Non-Recurring Fair Value Measurement [Member] | ||
LIABILITIES | ||
Financial liabilities | 12,628,648 | 10,009,988 |
Interbank borrowings [member] | Non-Recurring Fair Value Measurement [Member] | ||
LIABILITIES | ||
Financial liabilities | 4,714,722 | 4,915,814 |
Debt instruments issued [member] | Non-Recurring Fair Value Measurement [Member] | ||
LIABILITIES | ||
Financial liabilities | 6,360,361 | 5,486,872 |
Financial instruments of regulatory capital issued [member] | Non-Recurring Fair Value Measurement [Member] | ||
LIABILITIES | ||
Financial liabilities | 1,417,784 | 1,153,045 |
Lease contract liabilities [member] | Non-Recurring Fair Value Measurement [Member] | ||
LIABILITIES | ||
Financial liabilities | 94,575 | 106,564 |
Other financial obligations [Member] | Non-Recurring Fair Value Measurement [Member] | ||
LIABILITIES | ||
Financial liabilities | 359,573 | 42,435 |
Cash and deposits in banks [member] | Non-Recurring Fair Value Measurement [Member] | ||
ASSETS | ||
Financial assets | 3,058,752 | 3,473,392 |
Financial Instruments at amortized cost [member] | Non-Recurring Fair Value Measurement [Member] | ||
ASSETS | ||
Financial assets | 925,277 | 187,086 |
Investments under resale agreements [Member] | Non-Recurring Fair Value Measurement [Member] | ||
ASSETS | ||
Financial assets | 162,774 | 606,178 |
Loans and receivables from banks, net [member] | Non-Recurring Fair Value Measurement [Member] | ||
ASSETS | ||
Financial assets | 26,405,529 | 24,119,631 |
Loans and accounts receivable at amortized cost [member]. | Non-Recurring Fair Value Measurement [Member] | ||
ASSETS | ||
Financial assets | 26,405,529 | 24,119,631 |
Fair Value [Member] | ||
ASSETS | ||
Financial assets | 7,963,913 | 6,974,100 |
LIABILITIES | ||
Financial liabilities | 3,644,874 | 2,925,587 |
Fair Value [Member] | Non-Recurring Fair Value Measurement [Member] | ||
ASSETS | ||
Financial assets | 30,488,396 | 28,581,623 |
LIABILITIES | ||
Financial liabilities | 32,063,330 | 30,403,144 |
Fair Value [Member] | Deposits and other demand liabilities [member] | Non-Recurring Fair Value Measurement [Member] | ||
LIABILITIES | ||
Financial liabilities | 5,555,185 | 7,576,095 |
Fair Value [Member] | Cash in process of being cleared [member] | Non-Recurring Fair Value Measurement [Member] | ||
LIABILITIES | ||
Financial liabilities | 456,957 | 424,358 |
Fair Value [Member] | Obligations under repurchase agreements [member] | Non-Recurring Fair Value Measurement [Member] | ||
LIABILITIES | ||
Financial liabilities | 354,088 | 466,006 |
Fair Value [Member] | Time deposits and other time liabilities [member] | Non-Recurring Fair Value Measurement [Member] | ||
LIABILITIES | ||
Financial liabilities | 12,703,653 | 10,097,443 |
Fair Value [Member] | Interbank borrowings [member] | Non-Recurring Fair Value Measurement [Member] | ||
LIABILITIES | ||
Financial liabilities | 4,728,323 | 4,918,423 |
Fair Value [Member] | Debt instruments issued [member] | Non-Recurring Fair Value Measurement [Member] | ||
LIABILITIES | ||
Financial liabilities | 6,547,807 | 5,609,795 |
Fair Value [Member] | Financial instruments of regulatory capital issued [member] | Non-Recurring Fair Value Measurement [Member] | ||
LIABILITIES | ||
Financial liabilities | 1,263,169 | 1,153,045 |
Fair Value [Member] | Lease contract liabilities [member] | Non-Recurring Fair Value Measurement [Member] | ||
LIABILITIES | ||
Financial liabilities | 94,575 | 115,544 |
Fair Value [Member] | Other financial obligations [Member] | Non-Recurring Fair Value Measurement [Member] | ||
LIABILITIES | ||
Financial liabilities | 359,573 | 42,435 |
Fair Value [Member] | Cash and deposits in banks [member] | Non-Recurring Fair Value Measurement [Member] | ||
ASSETS | ||
Financial assets | 3,058,752 | 3,473,392 |
Fair Value [Member] | Cash In The Process Of Collection [member] | Non-Recurring Fair Value Measurement [Member] | ||
ASSETS | ||
Financial assets | 494,994 | 438,496 |
Fair Value [Member] | Loans and accounts receivable at amortized cost [member] | Non-Recurring Fair Value Measurement [Member] | ||
ASSETS | ||
Financial assets | 25,711,811 | 23,795,548 |
Fair Value [Member] | Financial Instruments at amortized cost [member] | Non-Recurring Fair Value Measurement [Member] | ||
ASSETS | ||
Financial assets | 1,013,943 | 187,455 |
Fair Value [Member] | Investments under resale agreements [Member] | Non-Recurring Fair Value Measurement [Member] | ||
ASSETS | ||
Financial assets | 162,774 | 606,178 |
Fair Value [Member] | Loans and receivables from banks, net [member] | Interbank borrowings [member] | Non-Recurring Fair Value Measurement [Member] | ||
ASSETS | ||
Financial assets | 46,122 | 80,554 |
Level 1 [Member] | Non-Recurring Fair Value Measurement [Member] | ||
ASSETS | ||
Financial assets | 4,687,919 | 4,785,706 |
LIABILITIES | ||
Financial liabilities | 11,535,100 | 13,531,272 |
Level 1 [Member] | Deposits and other demand liabilities [member] | Non-Recurring Fair Value Measurement [Member] | ||
LIABILITIES | ||
Financial liabilities | 5,555,185 | 7,576,095 |
Level 1 [Member] | Cash in process of being cleared [member] | Non-Recurring Fair Value Measurement [Member] | ||
LIABILITIES | ||
Financial liabilities | 456,957 | 424,358 |
Level 1 [Member] | Obligations under repurchase agreements [member] | Non-Recurring Fair Value Measurement [Member] | ||
LIABILITIES | ||
Financial liabilities | 354,088 | 466,006 |
Level 1 [Member] | Interbank borrowings [member] | Non-Recurring Fair Value Measurement [Member] | ||
LIABILITIES | ||
Financial liabilities | 4,714,722 | 4,915,814 |
Level 1 [Member] | Lease contract liabilities [member] | Non-Recurring Fair Value Measurement [Member] | ||
LIABILITIES | ||
Financial liabilities | 94,575 | 106,564 |
Level 1 [Member] | Other financial obligations [Member] | Non-Recurring Fair Value Measurement [Member] | ||
LIABILITIES | ||
Financial liabilities | 359,573 | 42,435 |
Level 1 [Member] | Cash and deposits in banks [member] | Non-Recurring Fair Value Measurement [Member] | ||
ASSETS | ||
Financial assets | 3,058,752 | 3,473,392 |
Level 1 [Member] | Cash In The Process Of Collection [member] | Non-Recurring Fair Value Measurement [Member] | ||
ASSETS | ||
Financial assets | 494,994 | 438,496 |
Level 1 [Member] | Financial Instruments at amortized cost [member] | Non-Recurring Fair Value Measurement [Member] | ||
ASSETS | ||
Financial assets | 925,277 | 187,086 |
Level 1 [Member] | Investments under resale agreements [Member] | Non-Recurring Fair Value Measurement [Member] | ||
ASSETS | ||
Financial assets | 162,774 | 606,178 |
Level 1 [Member] | Loans and receivables from banks, net [member] | Interbank borrowings [member] | Non-Recurring Fair Value Measurement [Member] | ||
ASSETS | ||
Financial assets | 46,122 | 80,554 |
Level 2 [Member] | Non-Recurring Fair Value Measurement [Member] | ||
LIABILITIES | ||
Financial liabilities | 20,406,793 | 16,649,905 |
Level 2 [Member] | Time deposits and other time liabilities [member] | Non-Recurring Fair Value Measurement [Member] | ||
LIABILITIES | ||
Financial liabilities | 12,628,648 | 10,009,988 |
Level 2 [Member] | Debt instruments issued [member] | Non-Recurring Fair Value Measurement [Member] | ||
LIABILITIES | ||
Financial liabilities | 6,360,361 | 5,486,872 |
Level 2 [Member] | Financial instruments of regulatory capital issued [member] | Non-Recurring Fair Value Measurement [Member] | ||
LIABILITIES | ||
Financial liabilities | 1,417,784 | 1,153,045 |
Level 3 [Member] | Non-Recurring Fair Value Measurement [Member] | ||
ASSETS | ||
Financial assets | 26,405,529 | 24,119,631 |
Level 3 [Member] | Loans and accounts receivable at amortized cost [member] | Non-Recurring Fair Value Measurement [Member] | ||
ASSETS | ||
Financial assets | $ 26,405,529 | $ 24,119,631 |
Risk Management - Summary of Cr
Risk Management - Summary of Criteria used for Chile (Detail) | 12 Months Ended |
Dec. 31, 2022 | |
Corporate Portfolio [Member] | CAE loans [member] | Stage1 [member] | Top of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 29 days |
Corporate Portfolio [Member] | CAE loans [member] | Stage 2 [member] | Bottom of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 30 days |
Probability of default (PD) and qualitative considerations | 0.0424 |
Corporate Portfolio [Member] | CAE loans [member] | Stage 2 [member] | Top of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 89 days |
Probability of default (PD) and qualitative considerations | PD’s>=1.0657 |
Corporate Portfolio [Member] | CAE loans [member] | Stage 3 [member] | Bottom of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 90 days |
Corporate Portfolio [Member] | Consumer loans [member] | Stage1 [member] | Top of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 29 days |
Corporate Portfolio [Member] | Consumer loans [member] | Stage 2 [member] | Bottom of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 30 days |
Probability of default (PD) and qualitative considerations | PD’s>=0.0964 |
Corporate Portfolio [Member] | Consumer loans [member] | Stage 2 [member] | Top of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 89 days |
Probability of default (PD) and qualitative considerations | PD’s>=1.8048 |
Corporate Portfolio [Member] | Consumer loans [member] | Stage 3 [member] | Bottom of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 90 days |
Corporate Portfolio [Member] | Mortgages loans [member] | Stage1 [member] | Top of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 29 days |
Corporate Portfolio [Member] | Mortgages loans [member] | Stage 2 [member] | Bottom of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 30 days |
Probability of default (PD) and qualitative considerations | PD’s>=0.0439 |
Corporate Portfolio [Member] | Mortgages loans [member] | Stage 2 [member] | Top of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 89 days |
Probability of default (PD) and qualitative considerations | PD’s>=1.9634 |
Corporate Portfolio [Member] | Mortgages loans [member] | Stage 3 [member] | Bottom of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 90 days |
Corporate Portfolio [Member] | Condell [Member] | Stage1 [member] | Top of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 29 days |
Corporate Portfolio [Member] | Condell [Member] | Stage 2 [member] | Bottom of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 30 days |
Probability of default (PD) and qualitative considerations | 0.0374 |
Corporate Portfolio [Member] | Condell [Member] | Stage 2 [member] | Top of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 89 days |
Probability of default (PD) and qualitative considerations | 1.9908 |
Corporate Portfolio [Member] | Condell [Member] | Stage 3 [member] | Bottom of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 90 days |
Corporate Portfolio [Member] | Restructured Condell [Member] | Stage 2 [member] | Bottom of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 30 days |
Probability of default (PD) and qualitative considerations | PD’s>=0.1241 |
Corporate Portfolio [Member] | Restructured Condell [Member] | Stage 2 [member] | Top of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 89 days |
Probability of default (PD) and qualitative considerations | PD’s>=1.4144 |
Corporate Portfolio [Member] | Renegotiated Consumer [Member] | Stage 2 [member] | Bottom of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 30 days |
Probability of default (PD) and qualitative considerations | PD’s>=0.0285 |
Corporate Portfolio [Member] | Renegotiated Consumer [Member] | Stage 2 [member] | Top of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 89 days |
Probability of default (PD) and qualitative considerations | PD’s>=1.2284 |
Corporate Portfolio [Member] | Rotative Consumer [Member] | Stage 2 [member] | Bottom of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 30 days |
Probability of default (PD) and qualitative considerations | PD’s>=0.0518 |
Corporate Portfolio [Member] | Rotative Consumer [Member] | Stage 2 [member] | Top of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 89 days |
Probability of default (PD) and qualitative considerations | PD’s>=1.2291 |
Group Portfolio [Member] | Commercial loans [member] | Stage1 [member] | Top of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 29 days |
Group Portfolio [Member] | Commercial loans [member] | Stage 2 [member] | Bottom of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 30 days |
Probability of default (PD) and qualitative considerations | PD’s>=0.0332 |
Group Portfolio [Member] | Commercial loans [member] | Stage 2 [member] | Top of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 89 days |
Probability of default (PD) and qualitative considerations | PD’s>=2.2795 |
Group Portfolio [Member] | Commercial loans [member] | Stage 3 [member] | Bottom of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 90 days |
Group Portfolio [Member] | Rotative Commercial [Member] | Stage 2 [member] | Bottom of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 30 days |
Probability of default (PD) and qualitative considerations | PD’s>=0.0272 |
Group Portfolio [Member] | Rotative Commercial [Member] | Stage 2 [member] | Top of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 89 days |
Probability of default (PD) and qualitative considerations | PD’s>=1.2206 |
Group [member] | Colombia [member] | Leasing [member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 73.53% |
% of relative increase in lifetime PD | 1,686.43% |
Group [member] | Colombia [member] | Payroll deductible loan [member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 2.37% |
% of relative increase in lifetime PD | 695.80% |
Group [member] | Colombia [member] | Revolving line of credit [member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 43.14% |
% of relative increase in lifetime PD | 169.77% |
Group [member] | Colombia [member] | Overdraft limit [member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 0.58% |
% of relative increase in lifetime PD | 153.59% |
Group [member] | Colombia [member] | Credit Cards [member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 51.39% |
% of relative increase in lifetime PD | 232.63% |
Group [member] | Colombia [member] | Mortgage loan [member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 2.29% |
% of relative increase in lifetime PD | 64.64% |
Group [member] | Colombia [member] | Personal debt restructuring [member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 25.08% |
% of relative increase in lifetime PD | 39.23% |
Group [member] | Colombia [member] | Other loans [member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 41.69% |
% of relative increase in lifetime PD | 108.03% |
Corporate [Member] | A1, A2, A3, A4 [member] | Stage1 [member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 29 days |
Corporate [Member] | A5 [member] | Stage1 [member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 29 days |
Corporate [Member] | A6, B1, B2, B3, B4 [member] | Stage 2 [member] | Bottom of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 30 days |
Corporate [Member] | A6, B1, B2, B3, B4 [member] | Stage 2 [member] | Top of Range [Member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 89 days |
Corporate [Member] | C1, C2, C3, C4, C5, C6 [member] | Stage 3 [member] | |
Disclosure of Credit risk measurement [line items] | |
Days of arrears to the end of the month | 90 days |
Corporate [Member] | Colombia [member] | Without information [member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 38.01% |
% of relative increase in lifetime PD | 2,400.63% |
Corporate [Member] | Colombia [member] | Small Company [member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 23.19% |
% of relative increase in lifetime PD | 1,227.37% |
Corporate [Member] | Colombia [member] | Small Company [member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 43.75% |
% of relative increase in lifetime PD | 357.60% |
Corporate [Member] | Colombia [member] | Medium Company [member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 10.22% |
% of relative increase in lifetime PD | 612.32% |
Corporate [Member] | Colombia [member] | Medium Company [member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 3.48% |
% of relative increase in lifetime PD | 322.20% |
Corporate [Member] | Colombia [member] | Large Company [member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 0.06% |
% of relative increase in lifetime PD | 467.28% |
Corporate [Member] | Colombia [member] | Low Default [member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 2.25% |
% of relative increase in lifetime PD | 401.43% |
Corporate [Member] | Colombia [member] | Low Defaults Government And Financial [Member] | |
Disclosure of Credit risk measurement [line items] | |
% of absolute increase in lifetime PD | 7.05% |
% of relative increase in lifetime PD | 358.10% |
Risk Management - Summary of Pr
Risk Management - Summary of Principal Macroeconomic Indicators Included in Economic Scenarios (Detail) | 12 Months Ended | ||
Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022 | |
Colombia [member] | Base [member] | |||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | |||
GDP growth | 3.24% | 0.90% | 2.32% |
Unemployment rate | 11.36% | 11.28% | 9.63% |
Consumer's Price Index | 3.50 | 7.20 | 11.80 |
Benchmark interest rates | 5% | 9% | 11.50% |
Currency exchange rate | 4,690 | 4,800 | 4,700 |
Colombia [member] | Range of upside scenarios [member] | |||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | |||
GDP growth | 4.74% | 2.40% | 3.82% |
Unemployment rate | 10.12% | 10.07% | 8.48% |
Consumer's Price Index | 4.52 | 7.86 | 12.10 |
Benchmark interest rates | 6.50% | 10.50% | 13% |
Currency exchange rate | 4,334 | 4,565 | 4,586 |
Colombia [member] | Range of downside scenarios [member] | |||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | |||
GDP growth | 1.44% | (0.90%) | 0.52% |
Unemployment rate | 12.60% | 12.48% | 10.79% |
Consumer's Price Index | 2.48 | 6.54 | 11.50 |
Benchmark interest rates | 4% | 8% | 10.50% |
Currency exchange rate | 5,046 | 5,035 | 4,814 |
2022 [member] | Chile [member] | Q4 [member] | Base [member] | |||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | |||
Unemployment rate | 8.39% | ||
Consumer's Price Index | 129.08 | ||
Interbank interest rate | 11.25% | ||
Copper | 3.77 | ||
2022 [member] | Chile [member] | Q4 [member] | Range of upside scenarios [member] | |||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | |||
Unemployment rate | 9.28% | ||
Consumer's Price Index | 129.59 | ||
Interbank interest rate | 11.25% | ||
Copper | 3.41 | ||
2022 [member] | Chile [member] | Q4 [member] | Range of downside scenarios [member] | |||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | |||
Unemployment rate | 8.14% | ||
Consumer's Price Index | 128.79 | ||
Interbank interest rate | 11.25% | ||
Copper | 4.47 | ||
2023 [member] | Chile [member] | Q1 [member] | Base [member] | |||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | |||
Unemployment rate | 8.61% | ||
Consumer's Price Index | 131.25 | ||
Interbank interest rate | 11.25% | ||
Copper | 3.68 | ||
2023 [member] | Chile [member] | Q1 [member] | Range of upside scenarios [member] | |||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | |||
Unemployment rate | 9.69% | ||
Consumer's Price Index | 132.60 | ||
Interbank interest rate | 12% | ||
Copper | 3.25 | ||
2023 [member] | Chile [member] | Q1 [member] | Range of downside scenarios [member] | |||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | |||
Unemployment rate | 8.31% | ||
Consumer's Price Index | 129.29 | ||
Interbank interest rate | 9.75% | ||
Copper | 4.34 | ||
2023 [member] | Chile [member] | Q2 [member] | Base [member] | |||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | |||
Unemployment rate | 8.89% | ||
Consumer's Price Index | 132.52 | ||
Interbank interest rate | 10.75% | ||
Copper | 3.58 | ||
2023 [member] | Chile [member] | Q2 [member] | Range of upside scenarios [member] | |||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | |||
Unemployment rate | 10.01% | ||
Consumer's Price Index | 135.24 | ||
Interbank interest rate | 12% | ||
Copper | 3.08 | ||
2023 [member] | Chile [member] | Q2 [member] | Range of downside scenarios [member] | |||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | |||
Unemployment rate | 8.49% | ||
Consumer's Price Index | 130 | ||
Interbank interest rate | 7.75% | ||
Copper | 4.22 | ||
2023 [member] | Chile [member] | Q3 [member] | Base [member] | |||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | |||
Unemployment rate | 9.12% | ||
Consumer's Price Index | 133.62 | ||
Interbank interest rate | 9% | ||
Copper | 3.49 | ||
2023 [member] | Chile [member] | Q3 [member] | Range of upside scenarios [member] | |||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | |||
Unemployment rate | 10.17% | ||
Consumer's Price Index | 137.29 | ||
Interbank interest rate | 11% | ||
Copper | 2.91 | ||
2023 [member] | Chile [member] | Q3 [member] | Range of downside scenarios [member] | |||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | |||
Unemployment rate | 8.62% | ||
Consumer's Price Index | 131.90 | ||
Interbank interest rate | 5.75% | ||
Copper | 4.09 | ||
2023 [member] | Chile [member] | Q4 [member] | Base [member] | |||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | |||
Unemployment rate | 9.27% | ||
Consumer's Price Index | 134.68 | ||
Interbank interest rate | 7% | ||
Copper | 3.40 | ||
2023 [member] | Chile [member] | Q4 [member] | Range of upside scenarios [member] | |||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | |||
Unemployment rate | 10.33% | ||
Consumer's Price Index | 138.01 | ||
Interbank interest rate | 9.50% | ||
Copper | 2.75 | ||
2023 [member] | Chile [member] | Q4 [member] | Range of downside scenarios [member] | |||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | |||
Unemployment rate | 8.67% | ||
Consumer's Price Index | 132.65 | ||
Interbank interest rate | 4.50% | ||
Copper | 3.97 | ||
Two Thousand Twenty Four [member] | Chile [member] | Q1 [member] | Base [member] | |||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | |||
Unemployment rate | 8.89% | ||
Consumer's Price Index | 135.63 | ||
Interbank interest rate | 5.25% | ||
Copper | 3.40 | ||
Two Thousand Twenty Four [member] | Chile [member] | Q1 [member] | Range of upside scenarios [member] | |||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | |||
Unemployment rate | 10.47% | ||
Consumer's Price Index | 139.19 | ||
Interbank interest rate | 8% | ||
Copper | 2.78 | ||
Two Thousand Twenty Four [member] | Chile [member] | Q1 [member] | Range of downside scenarios [member] | |||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | |||
Unemployment rate | 8.14% | ||
Consumer's Price Index | 132.53 | ||
Interbank interest rate | 3.50% | ||
Copper | 3.93 | ||
Two Thousand Twenty Four [member] | Chile [member] | Q2 [member] | Base [member] | |||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | |||
Unemployment rate | 8.44% | ||
Consumer's Price Index | 136.31 | ||
Interbank interest rate | 4.25% | ||
Copper | 3.40 | ||
Two Thousand Twenty Four [member] | Chile [member] | Q2 [member] | Range of upside scenarios [member] | |||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | |||
Unemployment rate | 10.20% | ||
Consumer's Price Index | 141.12 | ||
Interbank interest rate | 6.75% | ||
Copper | 2.82 | ||
Two Thousand Twenty Four [member] | Chile [member] | Q2 [member] | Range of downside scenarios [member] | |||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | |||
Unemployment rate | 7.54% | ||
Consumer's Price Index | 132.79 | ||
Interbank interest rate | 3.25% | ||
Copper | 3.89 | ||
Two Thousand Twenty Four [member] | Chile [member] | Q3 [member] | Base [member] | |||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | |||
Unemployment rate | 8.11% | ||
Consumer's Price Index | 137.44 | ||
Interbank interest rate | 4% | ||
Copper | 3.40 | ||
Two Thousand Twenty Four [member] | Chile [member] | Q3 [member] | Range of upside scenarios [member] | |||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | |||
Unemployment rate | 9.80% | ||
Consumer's Price Index | 142.88 | ||
Interbank interest rate | 6% | ||
Copper | 2.86 | ||
Two Thousand Twenty Four [member] | Chile [member] | Q3 [member] | Range of downside scenarios [member] | |||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | |||
Unemployment rate | 7.11% | ||
Consumer's Price Index | 134.91 | ||
Interbank interest rate | 3.25% | ||
Copper | 3.85 | ||
Two Thousand Twenty Four [member] | Chile [member] | Q4 [member] | Base [member] | |||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | |||
Unemployment rate | 7.99% | ||
Consumer's Price Index | 138.77 | ||
Interbank interest rate | 4% | ||
Copper | 3.40 | ||
Two Thousand Twenty Four [member] | Chile [member] | Q4 [member] | Range of upside scenarios [member] | |||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | |||
Unemployment rate | 9.47% | ||
Consumer's Price Index | 143.53 | ||
Interbank interest rate | 5.50% | ||
Copper | 2.89 | ||
Two Thousand Twenty Four [member] | Chile [member] | Q4 [member] | Range of downside scenarios [member] | |||
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items] | |||
Unemployment rate | 7.04% | ||
Consumer's Price Index | 135.96 | ||
Interbank interest rate | 3.25% | ||
Copper | 3.81 |
Risk Management - Summary of EC
Risk Management - Summary of ECL Coverage of Loans and Accounts Receivable at Amortized Cost Subject to Significant Measurement Uncertainty (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of credit risk exposure [line items] | ||
Loans and accounts receivable at amortized cost | $ 25,711,811 | $ 23,795,548 |
Chile [member] | ||
Disclosure of credit risk exposure [line items] | ||
Reported ECL | 713,815 | |
Loans and accounts receivable at amortized cost | $ 22,633,393 | |
Expected credit loss rate | 3.15% | |
Chile [member] | Consensus upside scenario [member] | ||
Disclosure of credit risk exposure [line items] | ||
Expected credit loss rate | 3.20% | |
Chile [member] | Consensus central scenario [member] | ||
Disclosure of credit risk exposure [line items] | ||
Expected credit loss rate | 3.24% | |
Chile [member] | Consensus downside scenario [member] | ||
Disclosure of credit risk exposure [line items] | ||
Expected credit loss rate | 3.31% | |
Colombia [member] | ||
Disclosure of credit risk exposure [line items] | ||
Reported ECL | $ 182,158 | |
Loans and accounts receivable at amortized cost | $ 3,974,392 | |
Expected credit loss rate | 5.93% | |
Colombia [member] | Consensus upside scenario [member] | ||
Disclosure of credit risk exposure [line items] | ||
Expected credit loss rate | 5.74% | |
Colombia [member] | Consensus central scenario [member] | ||
Disclosure of credit risk exposure [line items] | ||
Expected credit loss rate | 5.93% | |
Colombia [member] | Consensus downside scenario [member] | ||
Disclosure of credit risk exposure [line items] | ||
Expected credit loss rate | 6.11% |
Risk Management - Schedule of C
Risk Management - Schedule of Credit Quality by Financial Asset Class (Detail) - Credit Risk [Member] - CLP ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 26,607,785 | $ 24,743,360 |
% of over total portfolio | 100% | 100% |
Allowance | $ (895,974) | $ (947,812) |
% over total allowance | 100% | 100% |
Commercial loans [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 16,457,021 | $ 15,672,670 |
Mortgages loans [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 3,120,154 | 6,244,971 |
Consumer loans [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 7,030,610 | 2,825,719 |
Collectively assessed for credit losses [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 12,814,895 | $ 11,186,127 |
% of over total portfolio | 48.12% | 45.20% |
Allowance | $ (556,260) | $ (393,250) |
% over total allowance | 62.08% | 41.51% |
Collectively assessed for credit losses [member] | Commercial loans [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 2,664,131 | $ 2,115,437 |
% of over total portfolio | 10.01% | 8.55% |
Allowance | $ (181,485) | $ (126,467) |
% over total allowance | 20.25% | 13.34% |
Collectively assessed for credit losses [member] | Mortgages loans [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 7,030,610 | $ 6,244,971 |
% of over total portfolio | 26.41% | 25.23% |
Allowance | $ (100,844) | $ (77,298) |
% over total allowance | 11.26% | 8.18% |
Collectively assessed for credit losses [member] | Consumer loans [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 3,120,154 | $ 2,825,719 |
% of over total portfolio | 11.70% | 11.42% |
Allowance | $ (273,931) | $ (189,485) |
% over total allowance | 30.57% | 19.99% |
Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 13,792,890 | $ 13,557,233 |
% of over total portfolio | 51.39% | 54.80% |
Allowance | $ (339,714) | $ (554,562) |
% over total allowance | 37.92% | 58.49% |
Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | A1 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 164,599 | $ 104,887 |
% of over total portfolio | 0.62% | 0.42% |
Allowance | $ (58) | $ (45) |
% over total allowance | 0.01% | 0.01% |
Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | A2 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 1,283,846 | $ 623,613 |
% of over total portfolio | 4.78% | 2.52% |
Allowance | $ (432) | $ (337) |
% over total allowance | 0.05% | 0.04% |
Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | A3 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 2,646,632 | $ 2,456,274 |
% of over total portfolio | 9.86% | 10.64% |
Allowance | $ (5,208) | $ (5,729) |
% over total allowance | 0.58% | 0.60% |
Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | A4 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 4,828,668 | $ 4,398,475 |
% of over total portfolio | 17.99% | 18.49% |
Allowance | $ (36,522) | $ (42,196) |
% over total allowance | 4.08% | 4.45% |
Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | A5 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 2,611,905 | $ 2,717,332 |
% of over total portfolio | 9.73% | 11.69% |
Allowance | $ (46,620) | $ (26,295) |
% over total allowance | 5.20% | 2.77% |
Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | A 6 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 869,172 | $ 1,114,466 |
% of over total portfolio | 3.24% | 4.13% |
Allowance | $ (16,575) | $ (36,245) |
% over total allowance | 1.85% | 3.82% |
Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | B1 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 395,348 | $ 563,250 |
% of over total portfolio | 1.47% | 1.90% |
Allowance | $ (6,383) | $ (10,564) |
% over total allowance | 0.71% | 1.11% |
Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | B2 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 94,155 | $ 240,106 |
% of over total portfolio | 0.35% | 0.59% |
Allowance | $ (8,412) | $ (13,190) |
% over total allowance | 0.94% | 1.39% |
Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | External credit grades b3 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 101,704 | $ 106,425 |
% of over total portfolio | 0.38% | 0.43% |
Allowance | $ (4,627) | $ (11,219) |
% over total allowance | 0.52% | 1.18% |
Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | External credit grades B4 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 86,054 | $ 93,647 |
% of over total portfolio | 0.32% | 0.38% |
Allowance | $ (11,805) | $ (19,119) |
% over total allowance | 1.32% | 2.02% |
Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | External credit grades C1 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 170,088 | $ 149,838 |
% of over total portfolio | 0.63% | 0.38% |
Allowance | $ (3,403) | $ (3,205) |
% over total allowance | 0.38% | 0.24% |
Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | External Credit Grades C2 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 31,602 | $ 98,318 |
% of over total portfolio | 0.12% | 0.15% |
Allowance | $ (3,160) | $ (5,020) |
% over total allowance | 0.35% | 0.47% |
Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | External credit grades C3 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 249,441 | $ 469,581 |
% of over total portfolio | 0.93% | 1.65% |
Allowance | $ (62,360) | $ (126,748) |
% over total allowance | 6.96% | 13.06% |
Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | External credit grades C4 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 186,982 | $ 249,938 |
% of over total portfolio | 0.70% | 0.76% |
Allowance | $ (74,793) | $ (92,541) |
% over total allowance | 8.35% | 9.60% |
Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | External credit grades C5 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 24,279 | $ 42,253 |
% of over total portfolio | 0.09% | 0.17% |
Allowance | $ (15,782) | $ (34,403) |
% over total allowance | 1.76% | 3.60% |
Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | External credit grades C6 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 48,415 | $ 128,830 |
% of over total portfolio | 0.18% | 0.50% |
Allowance | $ (43,574) | $ (127,706) |
% over total allowance | 4.86% | 14.13% |
Stage1 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | $ 21,746,362 | $ 20,052,697 |
Allowance | (193,534) | (158,987) |
Stage1 [member] | Collectively assessed for credit losses [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 9,376,624 | 9,752,116 |
Allowance | (88,119) | (84,385) |
Stage1 [member] | Collectively assessed for credit losses [member] | Commercial loans [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 301,043 | 1,511,692 |
Allowance | 20,821 | (2,100) |
Stage1 [member] | Collectively assessed for credit losses [member] | Mortgages loans [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 6,448,104 | 5,815,884 |
Allowance | (17,048) | (14,156) |
Stage1 [member] | Collectively assessed for credit losses [member] | Consumer loans [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 2,627,477 | 2,424,540 |
Allowance | (91,892) | (68,129) |
Stage1 [member] | Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 12,369,738 | 10,300,581 |
Allowance | (105,415) | (74,602) |
Stage1 [member] | Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | A1 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 164,599 | 104,887 |
Allowance | (58) | (45) |
Stage1 [member] | Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | A2 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 1,283,846 | 623,613 |
Allowance | (432) | (337) |
Stage1 [member] | Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | A3 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 2,646,632 | 2,456,274 |
Allowance | (5,208) | (5,729) |
Stage1 [member] | Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | A4 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 4,828,668 | 4,398,475 |
Allowance | (36,522) | (42,196) |
Stage1 [member] | Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | A5 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 2,611,905 | 2,717,332 |
Allowance | (46,620) | (26,295) |
Stage1 [member] | Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | A 6 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 834,088 | |
Allowance | (16,575) | |
Stage 2 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 3,452,754 | 3,241,518 |
Allowance | (298,231) | (304,905) |
Stage 2 [member] | Collectively assessed for credit losses [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 2,740,409 | 1,123,624 |
Allowance | (267,004) | (214,568) |
Stage 2 [member] | Collectively assessed for credit losses [member] | Commercial loans [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 1,911,285 | 470,765 |
Allowance | (95,730) | (92,410) |
Stage 2 [member] | Collectively assessed for credit losses [member] | Mortgages loans [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 430,563 | 314,060 |
Allowance | (57,929) | (44,636) |
Stage 2 [member] | Collectively assessed for credit losses [member] | Consumer loans [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 398,561 | 338,799 |
Allowance | (113,345) | (77,522) |
Stage 2 [member] | Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 712,345 | 2,117,894 |
Allowance | (31,227) | (90,337) |
Stage 2 [member] | Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | A 6 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 35,084 | 1,114,466 |
Allowance | (36,245) | |
Stage 2 [member] | Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | B1 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 395,348 | 563,250 |
Allowance | (6,383) | (10,564) |
Stage 2 [member] | Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | B2 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 94,155 | 240,106 |
Allowance | (8,412) | (13,190) |
Stage 2 [member] | Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | External credit grades b3 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 101,704 | 106,425 |
Allowance | (4,627) | (11,219) |
Stage 2 [member] | Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | External credit grades B4 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 86,054 | 93,647 |
Allowance | (11,805) | (19,119) |
Stage 3 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 1,408,669 | 1,449,145 |
Allowance | (404,209) | (483,920) |
Stage 3 [member] | Collectively assessed for credit losses [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 697,862 | 310,387 |
Allowance | (201,137) | (94,297) |
Stage 3 [member] | Collectively assessed for credit losses [member] | Commercial loans [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 451,803 | 132,980 |
Allowance | (106,576) | (31,957) |
Stage 3 [member] | Collectively assessed for credit losses [member] | Mortgages loans [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 151,943 | 115,027 |
Allowance | (25,867) | (18,506) |
Stage 3 [member] | Collectively assessed for credit losses [member] | Consumer loans [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 94,116 | 62,380 |
Allowance | (68,694) | (43,834) |
Stage 3 [member] | Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 710,807 | 1,138,758 |
Allowance | (203,072) | (389,623) |
Stage 3 [member] | Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | External credit grades C1 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 170,088 | 149,838 |
Allowance | (3,403) | (3,205) |
Stage 3 [member] | Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | External Credit Grades C2 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 31,602 | 98,318 |
Allowance | (3,160) | (5,020) |
Stage 3 [member] | Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | External credit grades C3 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 249,441 | 469,581 |
Allowance | (62,360) | (126,748) |
Stage 3 [member] | Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | External credit grades C4 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 186,982 | 249,938 |
Allowance | (74,793) | (92,541) |
Stage 3 [member] | Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | External credit grades C5 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 24,279 | 42,253 |
Allowance | (15,782) | (34,403) |
Stage 3 [member] | Normal Risk Portfolios [Member] | Individually assessed for credit losses [member] | External credit grades C6 [member] | ||
Disclosure of provision matrix [line items] | ||
Maximum exposure to credit risk gross | 48,415 | 128,830 |
Allowance | $ (43,574) | $ (127,706) |
Risk Management - Schedule of A
Risk Management - Schedule of Analysis of Gross Carrying Amount of Loans and Advances to Customers by Past Due Status under IFRS 9 and IAS 39 (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | $ 25,711,811 | $ 23,795,548 |
Commercial loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 15,935,822 | 14,991,641 |
Mortgages loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 6,929,766 | 6,167,673 |
Consumer loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 2,846,223 | 2,636,234 |
Up to one month [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 573,123 | 399,850 |
Up to one month [member] | Commercial loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 284,090 | 156,006 |
Up to one month [member] | Mortgages loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 153,414 | 120,581 |
Up to one month [member] | Consumer loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 135,619 | 123,263 |
1 month to 3 months [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 283,589 | 194,696 |
1 month to 3 months [member] | Commercial loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 133,044 | 97,039 |
1 month to 3 months [member] | Mortgages loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 66,640 | 44,845 |
1 month to 3 months [member] | Consumer loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 83,905 | 52,812 |
Over 90 Days or More [Member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 525,500 | 464,821 |
Over 90 Days or More [Member] | Commercial loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 388,894 | 361,084 |
Over 90 Days or More [Member] | Mortgages loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 72,371 | 66,865 |
Over 90 Days or More [Member] | Consumer loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 64,235 | 36,872 |
Over Due [Member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 1,382,212 | 1,059,367 |
Over Due [Member] | Commercial loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 806,028 | 614,129 |
Over Due [Member] | Mortgages loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | 292,425 | 232,291 |
Over Due [Member] | Consumer loans [member] | ||
Disclosure of loans and advances to customers [line items] | ||
Loans and accounts receivable at amortized cost | $ 283,759 | $ 212,947 |
Risk Management - Schedule of B
Risk Management - Schedule of Bank's Maximum Credit Risk Exposure by Financial Asset (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of credit risk exposure [line items] | ||
Collateral, non-cash | $ 40,588,725 | $ 37,529,510 |
Commercial loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 16,457,021 | 15,672,670 |
Collateral, non-cash | 24,738,775 | 23,438,657 |
Mortgages loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Collateral, non-cash | 14,495,586 | 12,265,482 |
Consumer loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 3,120,154 | 2,825,719 |
Collateral, non-cash | 1,191,590 | 1,219,193 |
Loans and accounts receivable at amortized cost [member] | ||
Disclosure of credit risk exposure [line items] | ||
Collateral, non-cash | 40,425,951 | 36,923,332 |
Investments under resale agreements [Member] | ||
Disclosure of credit risk exposure [line items] | ||
Collateral, non-cash | 162,774 | 606,178 |
Credit Risk [Member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 25,903,787 | 23,795,548 |
Collateral, cash | 480,231 | |
Maximum Exposure, net amounts | 2,024,612 | 2,225,444 |
Credit Risk [Member] | Commercial loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 16,005,715 | 14,991,641 |
Maximum Exposure, net amounts | (765,348) | (617,682) |
Credit Risk [Member] | Mortgages loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 2,904,982 | 6,167,671 |
Maximum Exposure, net amounts | (7,565,820) | (6,097,809) |
Credit Risk [Member] | Consumer loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 6,993,090 | 2,636,236 |
Maximum Exposure, net amounts | 1,654,633 | 1,417,041 |
Credit Risk [Member] | Financial assets at fair value through other comprehensive income [member] | ||
Disclosure of credit risk exposure [line items] | ||
Collateral, cash | 196,012 | |
Maximum Exposure, net amounts | 3,735,290 | 3,660,450 |
Credit Risk [Member] | Loans and accounts receivable at amortized cost [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure, net amounts | (6,676,535) | (5,298,450) |
Credit Risk [Member] | Financial instruments at amortized cost [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure, net amounts | 1,013,943 | 187,455 |
Credit Risk [Member] | Financial derivative contracts [member] | ||
Disclosure of credit risk exposure [line items] | ||
Collateral, cash | 480,231 | 196,012 |
Maximum Exposure, net amounts | 3,276,109 | 2,784,914 |
Credit Risk [Member] | Interbank loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure, net amounts | 46,122 | 80,554 |
Credit Risk [Member] | Financial other assets category [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure, net amounts | 629,683 | 810,521 |
On Balance Sheet [member] | Gross assets [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 35,952,593 | 33,070,575 |
On Balance Sheet [member] | Gross assets [member] | Commercial loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 16,457,021 | 15,672,670 |
On Balance Sheet [member] | Gross assets [member] | Mortgages loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 7,030,610 | 6,244,971 |
On Balance Sheet [member] | Gross assets [member] | Consumer loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 3,120,154 | 2,825,719 |
On Balance Sheet [member] | Gross assets [member] | Financial assets at fair value through other comprehensive income [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 3,735,593 | 3,661,101 |
On Balance Sheet [member] | Gross assets [member] | Loans and accounts receivable at amortized cost [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 26,607,785 | 24,743,360 |
On Balance Sheet [member] | Gross assets [member] | Financial instruments at amortized cost [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 1,013,977 | 187,582 |
On Balance Sheet [member] | Gross assets [member] | Investments under resale agreements [Member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 162,774 | 606,178 |
On Balance Sheet [member] | Gross assets [member] | Financial derivative contracts [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 3,756,340 | 2,980,926 |
On Balance Sheet [member] | Gross assets [member] | Interbank loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 46,441 | 80,907 |
On Balance Sheet [member] | Gross assets [member] | Financial other assets category [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 629,683 | 810,521 |
On Balance Sheet [member] | Allowances for loan losses [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | (896,630) | (948,943) |
On Balance Sheet [member] | Allowances for loan losses [member] | Commercial loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | (521,199) | (681,029) |
On Balance Sheet [member] | Allowances for loan losses [member] | Mortgages loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | (100,844) | (77,298) |
On Balance Sheet [member] | Allowances for loan losses [member] | Consumer loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | (273,931) | (189,485) |
On Balance Sheet [member] | Allowances for loan losses [member] | Financial assets at fair value through other comprehensive income [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | (303) | (651) |
On Balance Sheet [member] | Allowances for loan losses [member] | Loans and accounts receivable at amortized cost [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | (895,974) | (947,812) |
On Balance Sheet [member] | Allowances for loan losses [member] | Financial instruments at amortized cost [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | (34) | (127) |
On Balance Sheet [member] | Allowances for loan losses [member] | Interbank loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | (319) | (353) |
On Balance Sheet [member] | Credit Risk [Member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 35,055,963 | |
Maximum Exposure, net amounts | 32,121,632 | |
On Balance Sheet [member] | Credit Risk [Member] | Commercial loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 15,935,822 | |
Maximum Exposure, net amounts | 14,991,641 | |
On Balance Sheet [member] | Credit Risk [Member] | Mortgages loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 6,929,766 | |
Maximum Exposure, net amounts | 6,167,673 | |
On Balance Sheet [member] | Credit Risk [Member] | Consumer loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 2,846,223 | |
Maximum Exposure, net amounts | 2,636,234 | |
On Balance Sheet [member] | Credit Risk [Member] | Financial assets at fair value through other comprehensive income [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 3,735,290 | |
Maximum Exposure, net amounts | 3,660,450 | |
On Balance Sheet [member] | Credit Risk [Member] | Loans and accounts receivable at amortized cost [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 25,711,811 | |
Maximum Exposure, net amounts | 23,795,548 | |
On Balance Sheet [member] | Credit Risk [Member] | Financial instruments at amortized cost [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 1,013,943 | |
Maximum Exposure, net amounts | 187,455 | |
On Balance Sheet [member] | Credit Risk [Member] | Investments under resale agreements [Member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 162,774 | |
Maximum Exposure, net amounts | 606,178 | |
On Balance Sheet [member] | Credit Risk [Member] | Financial derivative contracts [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 3,756,340 | |
Maximum Exposure, net amounts | 2,980,926 | |
On Balance Sheet [member] | Credit Risk [Member] | Interbank loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 46,122 | |
Maximum Exposure, net amounts | 80,554 | |
On Balance Sheet [member] | Credit Risk [Member] | Financial other assets category [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 629,683 | |
Maximum Exposure, net amounts | 810,521 | |
Off Balance Sheet [member] | Credit Risk [Member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 8,037,605 | |
Maximum Exposure, net amounts | 7,829,334 | |
Off Balance Sheet [member] | Credit Risk [Member] | Commercial loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 8,037,605 | |
Maximum Exposure, net amounts | 7,829,334 | |
Off Balance Sheet [member] | Credit Risk [Member] | Loans and accounts receivable at amortized cost [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 8,037,605 | |
Maximum Exposure, net amounts | 7,829,334 | |
Off Balance Sheet [member] | Credit Risk [Member] | Gross assets [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 8,079,306 | 7,859,923 |
Off Balance Sheet [member] | Credit Risk [Member] | Gross assets [member] | Commercial loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 8,079,306 | 7,859,923 |
Off Balance Sheet [member] | Credit Risk [Member] | Gross assets [member] | Loans and accounts receivable at amortized cost [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | 8,079,306 | 7,859,923 |
Off Balance Sheet [member] | Credit Risk [Member] | Allowances for loan losses [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | (41,701) | (30,589) |
Off Balance Sheet [member] | Credit Risk [Member] | Allowances for loan losses [member] | Commercial loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | (41,701) | (30,589) |
Off Balance Sheet [member] | Credit Risk [Member] | Allowances for loan losses [member] | Loans and accounts receivable at amortized cost [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum Exposure | $ (41,701) | $ (30,589) |
Risk Management - Summary For A
Risk Management - Summary For Allowances For Loan Losses According to IFRS 9 (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure Of Allowances For Loan Losses [line items] | |||
Allowances for loans losses | $ (937,994) | $ (978,754) | |
Loans and receivables to Amortized Cost [member] | |||
Disclosure Of Allowances For Loan Losses [line items] | |||
Allowances for loans losses | (895,974) | (947,812) | $ (1,041,873) |
Interbank loans [member] | |||
Disclosure Of Allowances For Loan Losses [line items] | |||
Allowances for loans losses | (319) | (353) | |
Provisions for contingent loans risk [member] | |||
Disclosure Of Allowances For Loan Losses [line items] | |||
Allowances for loans losses | $ (41,701) | $ (30,589) |
Risk Management - Schedule of_2
Risk Management - Schedule of Concentration of Credit Risk by Industry (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Commercial loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum net exposure | $ 16,457,021 | $ 15,672,670 |
Consumer loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum net exposure | 3,120,154 | 2,825,719 |
Credit Risk [Member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | 26,607,785 | 24,743,360 |
Maximum net exposure | 25,903,787 | 23,795,548 |
Credit Risk [Member] | Manufacturing [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | 1,912,316 | 1,295,321 |
Maximum net exposure | $ 1,867,788 | $ 1,154,825 |
Maximum net exposure percent | 7.19% | 5.24% |
Credit Risk [Member] | Mining [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | $ 353,951 | $ 429,591 |
Maximum net exposure | $ 350,880 | $ 422,314 |
Maximum net exposure percent | 1.33% | 1.74% |
Credit Risk [Member] | Electricity, gas and water [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | $ 822,666 | $ 922,455 |
Maximum net exposure | $ 797,103 | $ 805,948 |
Maximum net exposure percent | 3.09% | 3.73% |
Credit Risk [Member] | Agriculture and livestock [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | $ 473,306 | $ 537,337 |
Maximum net exposure | $ 461,226 | $ 517,723 |
Maximum net exposure percent | 1.78% | 2.17% |
Credit Risk [Member] | Forestry and wood extraction [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | $ 121,727 | $ 64,186 |
Maximum net exposure | $ 118,991 | $ 62,506 |
Maximum net exposure percent | 0.46% | 0.26% |
Credit Risk [Member] | Fishing [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | $ 57,706 | $ 19,657 |
Maximum net exposure | $ 55,551 | $ 18,781 |
Maximum net exposure percent | 0.22% | 0.08% |
Credit Risk [Member] | Transport [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | $ 1,069,824 | $ 867,096 |
Maximum net exposure | $ 1,052,044 | $ 797,904 |
Maximum net exposure percent | 4.02% | 3.50% |
Credit Risk [Member] | Communications [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | $ 115,733 | $ 49,002 |
Maximum net exposure | $ 112,269 | $ 46,451 |
Maximum net exposure percent | 0.43% | 0.20% |
Credit Risk [Member] | Construction [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | $ 2,250,918 | $ 1,917,901 |
Maximum net exposure | $ 2,212,576 | $ 1,884,123 |
Maximum net exposure percent | 8.46% | 7.75% |
Credit Risk [Member] | Commerce [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | $ 2,563,194 | $ 2,288,011 |
Maximum net exposure | $ 2,426,240 | $ 2,138,150 |
Maximum net exposure percent | 9.63% | 9.25% |
Credit Risk [Member] | Services [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | $ 4,326,025 | $ 4,143,076 |
Maximum net exposure | $ 4,222,680 | $ 4,026,551 |
Maximum net exposure percent | 16.26% | 16.74% |
Credit Risk [Member] | Other [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | $ 2,389,655 | $ 3,139,037 |
Maximum net exposure | $ 2,328,367 | $ 3,116,365 |
Maximum net exposure percent | 8.98% | 12.69% |
Credit Risk [Member] | Commercial loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | $ 16,457,021 | $ 15,672,670 |
Maximum net exposure | $ 16,005,715 | $ 14,991,641 |
Maximum net exposure percent | 61.85% | 63.35% |
Credit Risk [Member] | Consumer loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | $ 7,030,610 | $ 2,825,719 |
Maximum net exposure | $ 6,993,090 | $ 2,636,236 |
Maximum net exposure percent | 26.42% | 11.41% |
Credit Risk [Member] | Mortgages loans [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum gross exposure | $ 3,120,154 | $ 6,244,971 |
Maximum net exposure | $ 2,904,982 | $ 6,167,671 |
Maximum net exposure percent | 11.73% | 25.24% |
Risk Management - Schedule of T
Risk Management - Schedule of Trading Book (Detail) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Regulatory risk [member] | Trading book [member] | |||
Estimated limit for market risk [line items] | |||
Market risk exposure (MRE) | 58.66% | 65.63% | 83.34% |
Risk Management - Schedule of_3
Risk Management - Schedule of Banking Book (Detail) - Regulatory risk [member] - Banking book [member] | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Estimated limit for market risk [line items] | |||
Short-term exposure to interest rate risk | 32.62% | 47.21% | 62.99% |
Long-term exposure to interest rate risk | 6.45% | 23.21% | 63.86% |
Risk Management - Schedule of P
Risk Management - Schedule of Potential Impact on P&L (Detail) - Scenarios for impact on profit and loss [member] - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Sensitivity analysis for interest rate risk [line items] | |||
Total rate risk | $ (7,944) | $ (50,880) | $ (23,025) |
Options risk | 3 | 5 | 16 |
Total impact | (9,567) | (50,868) | (23,172) |
CLP [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Total rate risk | (12,333) | (1,679) | (8,403) |
CLP [member] | Derivatives [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Total rate risk | (12,333) | (1,679) | (8,403) |
CLF [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Total rate risk | (3,648) | (7,248) | (8,488) |
CLF [member] | Derivatives [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Total rate risk | (3,648) | (7,248) | (8,488) |
COP [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Total impact | 12,267 | 829 | (3,104) |
COP [member] | Derivatives [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Total impact | 12,267 | 5,469 | (2,508) |
COP [member] | Investments [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Total rate risk | (4,640) | (596) | |
UVR | |||
Sensitivity analysis for interest rate risk [line items] | |||
Total rate risk | (30,766) | (133) | |
Total impact | 8 | ||
UVR | Derivatives [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Total impact | 8 | 3 | |
UVR | Investments [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Total rate risk | (30,766) | (136) | |
USD [member] | |||
Sensitivity analysis for interest rate risk [line items] | |||
Total rate risk | (4,203) | (12,000) | (2,648) |
FX | |||
Sensitivity analysis for interest rate risk [line items] | |||
Total rate risk | (35) | (16) | (249) |
Total impact | $ (1,626) | $ 7 | $ (163) |
Risk Management - Schedule of_4
Risk Management - Schedule of Potential Impact on Accrual Book (Detail) - CLP ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of financial risk management [abstract] | |||
Interest rate shock sensitivity impact | $ 10,488 | $ (16,349) | $ (9,626) |
Risk Management - Schedule of_5
Risk Management - Schedule of Potential Impact on Equity & Prices (Detail) $ in Millions | 12 Months Ended | |||||||
Dec. 31, 2022 USD ($) | Dec. 31, 2022 CLP ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2021 CLP ($) | Dec. 31, 2022 CLP ($) | Dec. 31, 2021 CLP ($) | Dec. 31, 2020 USD ($) | Dec. 31, 2020 CLP ($) | |
Sensitivity analysis for interest rate risk [line items] | ||||||||
Potential Impact on Equity | $ (163,333) | $ (259,362) | $ (939,994) | |||||
Impact of Change in Interest Rate | (34,350,000) | (61,190,000) | $ (30,364) | $ (51,149) | (80,240,000) | $ (57,175) | ||
Impact due to changes in exchange rate | (67,900) | $ (58,108) | 145,470 | $ 122,874 | ||||
Impact due to changes in prices | (102,250) | (211,140) | (88,472) | (150,497) | ||||
CLP [member] | ||||||||
Sensitivity analysis for interest rate risk [line items] | ||||||||
Potential Impact on Equity | (82,235) | (73,433) | (707,409) | |||||
Impact of Change in Interest Rate | (12,430,000) | (6,990,000) | (10,635) | (5,897) | (40,130,000) | (28,609) | ||
CLF [member] | ||||||||
Sensitivity analysis for interest rate risk [line items] | ||||||||
Potential Impact on Equity | 38,676 | 43,232 | (201,548) | |||||
Impact of Change in Interest Rate | (9,300,000) | (33,240,000) | (7,958) | (28,055) | (23,150,000) | (16,505) | ||
COP [member] | ||||||||
Sensitivity analysis for interest rate risk [line items] | ||||||||
Potential Impact on Equity | (25,265) | (65,627) | 35,889 | |||||
Impact of Change in Interest Rate | (4,150,000) | (5,360,000) | (4,186) | (4,525) | (8,130,000) | (5,780) | ||
Impact due to changes in exchange rate | (36,710) | (31,419) | ||||||
UVR | ||||||||
Sensitivity analysis for interest rate risk [line items] | ||||||||
Potential Impact on Equity | (25,947) | (83,203) | (36,520) | |||||
Impact of Change in Interest Rate | (2,530,000) | (6,960,000) | (2,553) | (5,875) | (3,880,000) | (2,755) | ||
USD [member] | ||||||||
Sensitivity analysis for interest rate risk [line items] | ||||||||
Potential Impact on Equity | (68,562) | (80,331) | (42,030) | |||||
Impact of Change in Interest Rate | (5,940,000) | (8,640,000) | $ (5,032) | $ (6,797) | (4,360,000) | (3,107) | ||
Impact due to changes in exchange rate | $ (31,190) | $ (26,689) | $ 145,470 | $ 122,874 | ||||
FX | ||||||||
Sensitivity analysis for interest rate risk [line items] | ||||||||
Potential Impact on Equity | 11,624 | |||||||
Impact of Change in Interest Rate | $ (590,000) | $ (419) |
Risk Management - Additional In
Risk Management - Additional Information (Detail) - item | 12 Months Ended | |||
Mar. 30, 2022 | Dec. 01, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
Liquidity risk limits [line items] | ||||
Total cash equity to consolidated risk weighted assets (as a percent) | 1.50% | |||
Additional Minimum Percentage Of Regulatory Capital To Consolidated Risk Weighted Assets | 10.125% | |||
Additional Minimum Percentage Of Core Capital To Be Maintained For Consolidated Assets | 2% | |||
Currency risk [member] | COP [member] | Colombia [member] | ||||
Liquidity risk limits [line items] | ||||
Percentage of increase in designated risk component | 5.64% | 6.78% | ||
Currency risk [member] | COP [member] | Chile [member] | ||||
Liquidity risk limits [line items] | ||||
Percentage of increase in designated risk component | 7.81% | |||
Percentage of decrease in designated risk component | (7.23%) | |||
Currency risk [member] | CLP [member] | Chile [member] | ||||
Liquidity risk limits [line items] | ||||
Percentage of increase in designated risk component | 9.66% | |||
Percentage of decrease in designated risk component | (24.75%) | |||
Operational Risk [Member] | ||||
Liquidity risk limits [line items] | ||||
Percentage of regulatory capital requirement | 1% | |||
Percentage of assigned position of regulatory capital requirement | 25% | |||
Additional Minimum Percentage Of Regulatory Capital To Consolidated Risk Weighted Assets | 10.13% | |||
Percentage of adjustments of cash equity to consolidated assets | 75% | |||
Percentage of adjustments of core capital to consolidated assets | 25% | |||
Additional Minimum Percentage Of Core Capital To Be Maintained For Consolidated Assets | 2% | |||
Additional minimum percentage of additional core capital to be maintained for consolidated assets | 2.50% | |||
Minimum level of leverage ratio | 3% | |||
Percentage of threshold limit if bank uses standard methodologies | 1.25% | |||
Percentage of threshold limit if bank uses internal methodologies | 0.625% | |||
Threshold percentage of ordinary Tier I capital | 0.33% | |||
Threshold percentage of risk weighted assets | 1% | |||
Percentage of annual decrease | 0.50% | |||
Income accounting average [Member] | Interest rate risk [member] | UVR | Colombia [member] | ||||
Liquidity risk limits [line items] | ||||
Percentage of effective equity | 0.58% | |||
Income accounting average [Member] | Interest rate risk [member] | UVR | Chile [member] | ||||
Liquidity risk limits [line items] | ||||
Percentage of increase in designated risk component | 0.58% | |||
Income accounting average [Member] | Interest rate risk [member] | COP [member] | Colombia [member] | ||||
Liquidity risk limits [line items] | ||||
Percentage of effective equity | 1.53% | |||
Income accounting average [Member] | Interest rate risk [member] | COP [member] | Chile [member] | ||||
Liquidity risk limits [line items] | ||||
Percentage of increase in designated risk component | 1.53% | |||
Fair value accounting in other comprehensive income [Member] | Interest rate risk [member] | UVR | Colombia [member] | ||||
Liquidity risk limits [line items] | ||||
Percentage of effective equity | 0.58% | |||
Fair value accounting in other comprehensive income [Member] | Interest rate risk [member] | UVR | Chile [member] | ||||
Liquidity risk limits [line items] | ||||
Percentage of increase in designated risk component | 0.58% | |||
Fair value accounting in other comprehensive income [Member] | Interest rate risk [member] | COP [member] | Colombia [member] | ||||
Liquidity risk limits [line items] | ||||
Percentage of effective equity | 1.53% | |||
Fair value accounting in other comprehensive income [Member] | Interest rate risk [member] | COP [member] | Chile [member] | ||||
Liquidity risk limits [line items] | ||||
Percentage of increase in designated risk component | 1.53% | |||
400,000 UF [Member] | Operational Risk [Member] | ||||
Liquidity risk limits [line items] | ||||
Denomination of an inflation-index Chilean monetary unit | 400,000 | |||
Percentage of increase (decrease) in minimum requirement | 2% | |||
600,000 UF but less than 800,000 UF [Member] | Operational Risk [Member] | ||||
Liquidity risk limits [line items] | ||||
Percentage of increase (decrease) in minimum requirement | (1.00%) | |||
600,000 UF but less than 800,000 UF [Member] | Top of Range [Member] | Operational Risk [Member] | ||||
Liquidity risk limits [line items] | ||||
Denomination of an inflation-index Chilean monetary unit | 800,000 | |||
600,000 UF but less than 800,000 UF [Member] | Bottom of Range [Member] | Operational Risk [Member] | ||||
Liquidity risk limits [line items] | ||||
Denomination of an inflation-index Chilean monetary unit | 600,000 | |||
2022 [member] | ||||
Liquidity risk limits [line items] | ||||
Regulatory adjustment and exclusion from the capital base (as a percent) | 15% | |||
2023 [member] | ||||
Liquidity risk limits [line items] | ||||
Regulatory adjustment and exclusion from the capital base (as a percent) | 30% | |||
2024 [member] | ||||
Liquidity risk limits [line items] | ||||
Regulatory adjustment and exclusion from the capital base (as a percent) | 65% | |||
2025 [member] | ||||
Liquidity risk limits [line items] | ||||
Regulatory adjustment and exclusion from the capital base (as a percent) | 100% |
Risk Management - Relation betw
Risk Management - Relation between Assets and Risk Weighted Assets (Details) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Risk management [abstract] | ||
Total assets according to the statement of financial position, excluding financial derivative contracts | $ 36,747,959 | $ 34,842,124 |
Assets discounted from regulatory capital, other than item 2 | 962,897 | 1,003,882 |
Credit equivalent | 1,052,333 | 980,163 |
Contingent receivables | 2,366,109 | 2,315,141 |
Assets arising from the intermediation of financial instruments | 18,463 | 24,428 |
39,185,041 | 37,109,118 | |
Credit risk-weighted assets, estimated using standard methodology (APRC) | 22,354,442 | 21,016,722 |
Assets weighted by market risk (APRM) | 1,968,720 | 1,873,952 |
Assets weighted by operational risk (APRO) | 2,465,791 | 1,990,014 |
26,788,953 | 24,880,688 | |
24,880,688 | ||
Equity attributable to equity holders of the Bank | 3,320,109 | 3,277,800 |
Non-controlling interest | 2,650 | 74,542 |
Goodwill | 492,512 | 492,512 |
2,830,247 | 2,859,830 | |
Additional deductions to common equity tier 1, other than item 2 | 39,553 | |
2,790,694 | 2,859,830 | |
Subordinated bonds imputed as Additional Capital Tier 1 (AT1) | 133,945 | 248,807 |
133,945 | 248,807 | |
2,924,639 | 3,108,637 | |
Voluntary (additional) provisions imputed as Tier 2 capital (T2) | 175,501 | 133,323 |
Subordinated bonds imputed as Tier 2 capital (T2) | 986,760 | 794,520 |
1,162,261 | 927,843 | |
1,162,261 | 927,843 | |
4,086,900 | 4,036,480 | |
Additional core capital required for the constitution of the conservation buffer | $ 334,862 | $ 155,504 |
Risk Management - Solvency Rati
Risk Management - Solvency Ratio and Regulatory Compliance Ratios (Details) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Risk management [abstract] | ||
Leverage ratio (T1_I18/T1_I7) | 7.12 | 7.71 |
Common equity tier 1 ratio (T1_I18/T1_I11.b) | 10.42 | 11.49 |
Tier 1 capital ratio (T1_I25/T1_I11.b) | 10.92 | 12.49 |
Capital Adequacy ratio (T1_I31/T1_I11.b) | 15.26 | 16.22 |
Regulatory compliance ratios for solvency | ||
Voluntary (additional) provisions imputed in Tier 2 capital (T2) in relation to APRCs (T1_I26/(T1_I8.a or 8.b)) | 0.79 | 0.63 |
Subordinated bonds imputed in tier 2 capital (T2) in relation to common equity tier 1(CET1) | 35.36 | 27.78 |
Additional tier 1 capital (AT1) relative to common equity tier 1 (CET1) (T1_I24/T1_I18) | 4.80 | 8.70 |
Voluntary (additional) provisions and subordinated debentures that are imputed to Additional Tier 1 capital (AT1) in relation to RWA ((T1_I19+T1_I20)/T1_I11.b) | 0.50 | 1 |
Maturity of Assets and Liabil_3
Maturity of Assets and Liabilities - Schedule of Maturity of Financial Assets and Liabilities (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of financial assets [line items] | |||
Allowance for loan losses | $ 937,994 | $ 978,754 | |
Financial liabilities total [member] | |||
Disclosure of financial assets [line items] | |||
Total | 35,708,194 | 33,328,731 | |
Investments under resale agreements [Member] | |||
Disclosure of financial assets [line items] | |||
Total | 354,088 | 466,006 | |
Deposits and other demand liabilities [member] | |||
Disclosure of financial assets [line items] | |||
Total | 5,555,185 | 7,576,095 | |
Time deposits and saving accounts [member] | |||
Disclosure of financial assets [line items] | |||
Total | 12,703,653 | 10,097,443 | |
Financial derivative contracts held for hedge accounting [member] | |||
Disclosure of financial assets [line items] | |||
Total | 218,733 | 168,245 | |
Derivative financial instrument liabilities [member] | |||
Disclosure of financial assets [line items] | |||
Total | 3,426,141 | 2,757,342 | |
Interbank borrowings [member] | |||
Disclosure of financial assets [line items] | |||
Total | 4,728,323 | 4,918,423 | |
Lease contract liabilities [member] | |||
Disclosure of financial assets [line items] | |||
Total | 94,575 | 115,544 | |
Debt Issued [member] | |||
Disclosure of financial assets [line items] | |||
Total | 6,547,807 | 5,609,795 | |
Financial instruments of regulatory capital issued [member] | |||
Disclosure of financial assets [line items] | |||
Total | 1,263,169 | 1,153,045 | |
Other financial obligations [Member] | |||
Disclosure of financial assets [line items] | |||
Total | 359,573 | 42,435 | |
Cash in process of being cleared [member] | |||
Disclosure of financial assets [line items] | |||
Total | 456,947 | 424,358 | |
Financial assets total [member] | |||
Disclosure of financial assets [line items] | |||
Total | 39,348,283 | 36,503,935 | |
Cash and deposits in bank [member] | |||
Disclosure of financial assets [line items] | |||
Total | 3,058,752 | 3,473,792 | |
Cash in process of collections [member] | |||
Disclosure of financial assets [line items] | |||
Total | 494,994 | 438,496 | |
Financial assets at fair value through profit or loss, classified as held for trading, category [member] | |||
Disclosure of financial assets [line items] | |||
Total | 472,283 | 332,724 | |
Financial assets at fair value through other comprehensive income [member] | |||
Disclosure of financial assets [line items] | |||
Total | 3,735,290 | 3,660,450 | |
Loans and accounts receivable at amortized cost [member]. | |||
Disclosure of financial assets [line items] | |||
Total | 26,607,785 | 24,743,360 | |
Commercial loans [member] | |||
Disclosure of financial assets [line items] | |||
Total | 16,457,021 | 15,672,670 | |
Allowance for loan losses | 521,199 | 681,029 | $ 747,617 |
Mortgage [member] | |||
Disclosure of financial assets [line items] | |||
Total | 7,030,610 | 6,244,971 | |
Consumer loans [member] | |||
Disclosure of financial assets [line items] | |||
Total | 3,120,154 | 2,825,719 | |
Allowance for loan losses | 273,931 | 189,485 | |
Financial instruments at amortized cost [member] | |||
Disclosure of financial assets [line items] | |||
Total | 1,013,943 | 187,455 | |
Investments under resale agreements [Member] | |||
Disclosure of financial assets [line items] | |||
Total | 162,774 | 606,178 | |
Derivative financial instruments [member] | |||
Disclosure of financial assets [line items] | |||
Total | 3,617,792 | 2,897,803 | |
Financial derivative contracts held for hedge accounting [member] | |||
Disclosure of financial assets [line items] | |||
Total | 138,548 | 83,123 | |
Loans and receivables from banks, net [member] | |||
Disclosure of financial assets [line items] | |||
Total | 46,122 | 80,554 | |
Allowance for loan losses | 320 | 353 | |
On demand [member] | Financial liabilities total [member] | |||
Disclosure of financial assets [line items] | |||
Total | 6,326,961 | 8,314,826 | |
On demand [member] | Deposits and other demand liabilities [member] | |||
Disclosure of financial assets [line items] | |||
Total | 5,555,185 | 7,576,095 | |
On demand [member] | Time deposits and saving accounts [member] | |||
Disclosure of financial assets [line items] | |||
Total | 314,829 | 314,373 | |
On demand [member] | Cash in process of being cleared [member] | |||
Disclosure of financial assets [line items] | |||
Total | 456,947 | 424,358 | |
On demand [member] | Financial assets total [member] | |||
Disclosure of financial assets [line items] | |||
Total | 4,316,990 | 4,973,070 | |
On demand [member] | Cash and deposits in bank [member] | |||
Disclosure of financial assets [line items] | |||
Total | 3,058,752 | 3,473,792 | |
On demand [member] | Cash in process of collections [member] | |||
Disclosure of financial assets [line items] | |||
Total | 494,994 | 438,496 | |
On demand [member] | Loans and accounts receivable at amortized cost [member]. | |||
Disclosure of financial assets [line items] | |||
Total | 763,244 | 1,060,782 | |
On demand [member] | Commercial loans [member] | |||
Disclosure of financial assets [line items] | |||
Total | 254,229 | 348,052 | |
On demand [member] | Mortgage [member] | |||
Disclosure of financial assets [line items] | |||
Total | 4,454 | 167 | |
On demand [member] | Consumer loans [member] | |||
Disclosure of financial assets [line items] | |||
Total | 504,561 | 712,563 | |
Up to one month [member] | Financial liabilities total [member] | |||
Disclosure of financial assets [line items] | |||
Total | 5,678,612 | 5,426,102 | |
Up to one month [member] | Investments under resale agreements [Member] | |||
Disclosure of financial assets [line items] | |||
Total | 354,074 | 465,842 | |
Up to one month [member] | Time deposits and saving accounts [member] | |||
Disclosure of financial assets [line items] | |||
Total | 4,738,021 | 4,572,769 | |
Up to one month [member] | Financial derivative contracts held for hedge accounting [member] | |||
Disclosure of financial assets [line items] | |||
Total | 461 | 11,305 | |
Up to one month [member] | Derivative financial instrument liabilities [member] | |||
Disclosure of financial assets [line items] | |||
Total | 211,116 | 66,530 | |
Up to one month [member] | Interbank borrowings [member] | |||
Disclosure of financial assets [line items] | |||
Total | 246,742 | 171,624 | |
Up to one month [member] | Lease contract liabilities [member] | |||
Disclosure of financial assets [line items] | |||
Total | 2,008 | 4,847 | |
Up to one month [member] | Debt Issued [member] | |||
Disclosure of financial assets [line items] | |||
Total | 100 | 90,750 | |
Up to one month [member] | Other financial obligations [Member] | |||
Disclosure of financial assets [line items] | |||
Total | 126,090 | 42,435 | |
Up to one month [member] | Financial assets total [member] | |||
Disclosure of financial assets [line items] | |||
Total | 3,127,875 | 3,679,082 | |
Up to one month [member] | Financial assets at fair value through profit or loss, classified as held for trading, category [member] | |||
Disclosure of financial assets [line items] | |||
Total | 70,691 | 95,418 | |
Up to one month [member] | Financial assets at fair value through other comprehensive income [member] | |||
Disclosure of financial assets [line items] | |||
Total | 373,392 | 1,348,862 | |
Up to one month [member] | Loans and accounts receivable at amortized cost [member]. | |||
Disclosure of financial assets [line items] | |||
Total | 2,445,096 | 1,539,155 | |
Up to one month [member] | Commercial loans [member] | |||
Disclosure of financial assets [line items] | |||
Total | 2,239,491 | 1,474,186 | |
Up to one month [member] | Mortgage [member] | |||
Disclosure of financial assets [line items] | |||
Total | 46,031 | 31,510 | |
Up to one month [member] | Consumer loans [member] | |||
Disclosure of financial assets [line items] | |||
Total | 159,574 | 33,459 | |
Up to one month [member] | Financial instruments at amortized cost [member] | |||
Disclosure of financial assets [line items] | |||
Total | 141,884 | 43,806 | |
Up to one month [member] | Investments under resale agreements [Member] | |||
Disclosure of financial assets [line items] | |||
Total | 150,490 | 428,079 | |
Up to one month [member] | Derivative financial instruments [member] | |||
Disclosure of financial assets [line items] | |||
Total | 194,495 | 117,859 | |
Up to one month [member] | Financial derivative contracts held for hedge accounting [member] | |||
Disclosure of financial assets [line items] | |||
Total | 15,162 | 25,349 | |
Up to one month [member] | Loans and receivables from banks, net [member] | |||
Disclosure of financial assets [line items] | |||
Total | 20,433 | 80,554 | |
1 month to 3 months [member] | Financial liabilities total [member] | |||
Disclosure of financial assets [line items] | |||
Total | 3,690,609 | 2,446,290 | |
1 month to 3 months [member] | Investments under resale agreements [Member] | |||
Disclosure of financial assets [line items] | |||
Total | 14 | 164 | |
1 month to 3 months [member] | Time deposits and saving accounts [member] | |||
Disclosure of financial assets [line items] | |||
Total | 3,079,014 | 2,087,560 | |
1 month to 3 months [member] | Financial derivative contracts held for hedge accounting [member] | |||
Disclosure of financial assets [line items] | |||
Total | 97,331 | 45,617 | |
1 month to 3 months [member] | Derivative financial instrument liabilities [member] | |||
Disclosure of financial assets [line items] | |||
Total | 157,721 | 143,133 | |
1 month to 3 months [member] | Interbank borrowings [member] | |||
Disclosure of financial assets [line items] | |||
Total | 241,425 | 132,457 | |
1 month to 3 months [member] | Lease contract liabilities [member] | |||
Disclosure of financial assets [line items] | |||
Total | 3,667 | 4,808 | |
1 month to 3 months [member] | Debt Issued [member] | |||
Disclosure of financial assets [line items] | |||
Total | 4,470 | 32,551 | |
1 month to 3 months [member] | Financial instruments of regulatory capital issued [member] | |||
Disclosure of financial assets [line items] | |||
Total | 18,754 | ||
1 month to 3 months [member] | Other financial obligations [Member] | |||
Disclosure of financial assets [line items] | |||
Total | 97,153 | ||
1 month to 3 months [member] | Financial assets total [member] | |||
Disclosure of financial assets [line items] | |||
Total | 3,290,969 | 2,743,950 | |
1 month to 3 months [member] | Financial assets at fair value through profit or loss, classified as held for trading, category [member] | |||
Disclosure of financial assets [line items] | |||
Total | 114,966 | 50,828 | |
1 month to 3 months [member] | Financial assets at fair value through other comprehensive income [member] | |||
Disclosure of financial assets [line items] | |||
Total | 35,143 | 636,668 | |
1 month to 3 months [member] | Loans and accounts receivable at amortized cost [member]. | |||
Disclosure of financial assets [line items] | |||
Total | 2,899,311 | 1,821,251 | |
1 month to 3 months [member] | Commercial loans [member] | |||
Disclosure of financial assets [line items] | |||
Total | 2,533,861 | 1,686,244 | |
1 month to 3 months [member] | Mortgage [member] | |||
Disclosure of financial assets [line items] | |||
Total | 89,558 | 51,243 | |
1 month to 3 months [member] | Consumer loans [member] | |||
Disclosure of financial assets [line items] | |||
Total | 275,892 | 83,764 | |
1 month to 3 months [member] | Financial instruments at amortized cost [member] | |||
Disclosure of financial assets [line items] | |||
Total | 16,105 | 12,272 | |
1 month to 3 months [member] | Investments under resale agreements [Member] | |||
Disclosure of financial assets [line items] | |||
Total | 12,284 | 111,148 | |
1 month to 3 months [member] | Derivative financial instruments [member] | |||
Disclosure of financial assets [line items] | |||
Total | 189,086 | 98,339 | |
1 month to 3 months [member] | Financial derivative contracts held for hedge accounting [member] | |||
Disclosure of financial assets [line items] | |||
Total | 15,813 | 13,444 | |
1 month to 3 months [member] | Loans and receivables from banks, net [member] | |||
Disclosure of financial assets [line items] | |||
Total | 8,261 | ||
3 months to 1 year [member] | Financial liabilities total [member] | |||
Disclosure of financial assets [line items] | |||
Total | 5,325,438 | 4,525,991 | |
3 months to 1 year [member] | Time deposits and saving accounts [member] | |||
Disclosure of financial assets [line items] | |||
Total | 3,260,930 | 2,342,260 | |
3 months to 1 year [member] | Financial derivative contracts held for hedge accounting [member] | |||
Disclosure of financial assets [line items] | |||
Total | 25,204 | 29,100 | |
3 months to 1 year [member] | Derivative financial instrument liabilities [member] | |||
Disclosure of financial assets [line items] | |||
Total | 471,691 | 323,721 | |
3 months to 1 year [member] | Interbank borrowings [member] | |||
Disclosure of financial assets [line items] | |||
Total | 1,135,442 | 1,420,184 | |
3 months to 1 year [member] | Lease contract liabilities [member] | |||
Disclosure of financial assets [line items] | |||
Total | 16,416 | 15,707 | |
3 months to 1 year [member] | Debt Issued [member] | |||
Disclosure of financial assets [line items] | |||
Total | 326,101 | 389,571 | |
3 months to 1 year [member] | Financial instruments of regulatory capital issued [member] | |||
Disclosure of financial assets [line items] | |||
Total | 5,448 | ||
3 months to 1 year [member] | Other financial obligations [Member] | |||
Disclosure of financial assets [line items] | |||
Total | 89,654 | ||
3 months to 1 year [member] | Financial assets total [member] | |||
Disclosure of financial assets [line items] | |||
Total | 8,826,977 | 3,740,267 | |
3 months to 1 year [member] | Financial assets at fair value through profit or loss, classified as held for trading, category [member] | |||
Disclosure of financial assets [line items] | |||
Total | 27,045 | 405 | |
3 months to 1 year [member] | Financial assets at fair value through other comprehensive income [member] | |||
Disclosure of financial assets [line items] | |||
Total | 2,703,627 | 99,850 | |
3 months to 1 year [member] | Loans and accounts receivable at amortized cost [member]. | |||
Disclosure of financial assets [line items] | |||
Total | 5,420,706 | 3,105,660 | |
3 months to 1 year [member] | Commercial loans [member] | |||
Disclosure of financial assets [line items] | |||
Total | 4,314,030 | 2,560,603 | |
3 months to 1 year [member] | Mortgage [member] | |||
Disclosure of financial assets [line items] | |||
Total | 342,707 | 230,337 | |
3 months to 1 year [member] | Consumer loans [member] | |||
Disclosure of financial assets [line items] | |||
Total | 763,969 | 314,720 | |
3 months to 1 year [member] | Financial instruments at amortized cost [member] | |||
Disclosure of financial assets [line items] | |||
Total | 127,091 | 96,327 | |
3 months to 1 year [member] | Investments under resale agreements [Member] | |||
Disclosure of financial assets [line items] | |||
Total | 66,951 | ||
3 months to 1 year [member] | Derivative financial instruments [member] | |||
Disclosure of financial assets [line items] | |||
Total | 464,743 | 335,306 | |
3 months to 1 year [member] | Financial derivative contracts held for hedge accounting [member] | |||
Disclosure of financial assets [line items] | |||
Total | 66,337 | 35,768 | |
3 months to 1 year [member] | Loans and receivables from banks, net [member] | |||
Disclosure of financial assets [line items] | |||
Total | 17,428 | ||
1 - 3 years [member] | Financial liabilities total [member] | |||
Disclosure of financial assets [line items] | |||
Total | 6,086,643 | 5,316,529 | |
1 - 3 years [member] | Time deposits and saving accounts [member] | |||
Disclosure of financial assets [line items] | |||
Total | 762,345 | 326,276 | |
1 - 3 years [member] | Financial derivative contracts held for hedge accounting [member] | |||
Disclosure of financial assets [line items] | |||
Total | 12,878 | 44,566 | |
1 - 3 years [member] | Derivative financial instrument liabilities [member] | |||
Disclosure of financial assets [line items] | |||
Total | 743,983 | 620,192 | |
1 - 3 years [member] | Interbank borrowings [member] | |||
Disclosure of financial assets [line items] | |||
Total | 2,979,900 | 3,137,074 | |
1 - 3 years [member] | Lease contract liabilities [member] | |||
Disclosure of financial assets [line items] | |||
Total | 39,249 | 41,933 | |
1 - 3 years [member] | Debt Issued [member] | |||
Disclosure of financial assets [line items] | |||
Total | 1,354,462 | 980,552 | |
1 - 3 years [member] | Financial instruments of regulatory capital issued [member] | |||
Disclosure of financial assets [line items] | |||
Total | 147,150 | 165,936 | |
1 - 3 years [member] | Other financial obligations [Member] | |||
Disclosure of financial assets [line items] | |||
Total | 46,676 | ||
1 - 3 years [member] | Financial assets total [member] | |||
Disclosure of financial assets [line items] | |||
Total | 6,467,001 | 7,519,307 | |
1 - 3 years [member] | Financial assets at fair value through profit or loss, classified as held for trading, category [member] | |||
Disclosure of financial assets [line items] | |||
Total | 108,572 | 34,355 | |
1 - 3 years [member] | Financial assets at fair value through other comprehensive income [member] | |||
Disclosure of financial assets [line items] | |||
Total | 347,255 | 423,463 | |
1 - 3 years [member] | Loans and accounts receivable at amortized cost [member]. | |||
Disclosure of financial assets [line items] | |||
Total | 4,500,613 | 6,223,999 | |
1 - 3 years [member] | Commercial loans [member] | |||
Disclosure of financial assets [line items] | |||
Total | 2,939,871 | 4,905,237 | |
1 - 3 years [member] | Mortgage [member] | |||
Disclosure of financial assets [line items] | |||
Total | 838,428 | 664,169 | |
1 - 3 years [member] | Consumer loans [member] | |||
Disclosure of financial assets [line items] | |||
Total | 722,314 | 654,593 | |
1 - 3 years [member] | Financial instruments at amortized cost [member] | |||
Disclosure of financial assets [line items] | |||
Total | 731,179 | 27,587 | |
1 - 3 years [member] | Derivative financial instruments [member] | |||
Disclosure of financial assets [line items] | |||
Total | 769,906 | 806,607 | |
1 - 3 years [member] | Financial derivative contracts held for hedge accounting [member] | |||
Disclosure of financial assets [line items] | |||
Total | 9,476 | 3,296 | |
3 - 5 years [member] | Financial liabilities total [member] | |||
Disclosure of financial assets [line items] | |||
Total | 2,324,222 | 2,374,686 | |
3 - 5 years [member] | Time deposits and saving accounts [member] | |||
Disclosure of financial assets [line items] | |||
Total | 164,548 | 152,633 | |
3 - 5 years [member] | Financial derivative contracts held for hedge accounting [member] | |||
Disclosure of financial assets [line items] | |||
Total | 24,076 | 4,883 | |
3 - 5 years [member] | Derivative financial instrument liabilities [member] | |||
Disclosure of financial assets [line items] | |||
Total | 550,042 | 591,023 | |
3 - 5 years [member] | Interbank borrowings [member] | |||
Disclosure of financial assets [line items] | |||
Total | 37,550 | 45,985 | |
3 - 5 years [member] | Lease contract liabilities [member] | |||
Disclosure of financial assets [line items] | |||
Total | 22,807 | 27,501 | |
3 - 5 years [member] | Debt Issued [member] | |||
Disclosure of financial assets [line items] | |||
Total | 1,525,199 | 1,552,661 | |
3 - 5 years [member] | Financial assets total [member] | |||
Disclosure of financial assets [line items] | |||
Total | 3,904,927 | 4,806,541 | |
3 - 5 years [member] | Financial assets at fair value through profit or loss, classified as held for trading, category [member] | |||
Disclosure of financial assets [line items] | |||
Total | 34,187 | 85,360 | |
3 - 5 years [member] | Financial assets at fair value through other comprehensive income [member] | |||
Disclosure of financial assets [line items] | |||
Total | 80,034 | 993,381 | |
3 - 5 years [member] | Loans and accounts receivable at amortized cost [member]. | |||
Disclosure of financial assets [line items] | |||
Total | 2,968,541 | 2,839,755 | |
3 - 5 years [member] | Commercial loans [member] | |||
Disclosure of financial assets [line items] | |||
Total | 1,767,626 | 1,581,190 | |
3 - 5 years [member] | Mortgage [member] | |||
Disclosure of financial assets [line items] | |||
Total | 796,516 | 635,113 | |
3 - 5 years [member] | Consumer loans [member] | |||
Disclosure of financial assets [line items] | |||
Total | 404,399 | 623,452 | |
3 - 5 years [member] | Financial instruments at amortized cost [member] | |||
Disclosure of financial assets [line items] | |||
Total | 237,965 | 7,463 | |
3 - 5 years [member] | Derivative financial instruments [member] | |||
Disclosure of financial assets [line items] | |||
Total | 566,391 | 877,843 | |
3 - 5 years [member] | Financial derivative contracts held for hedge accounting [member] | |||
Disclosure of financial assets [line items] | |||
Total | 17,809 | 2,739 | |
More than 5 years [member] | Financial liabilities total [member] | |||
Disclosure of financial assets [line items] | |||
Total | 6,275,709 | 4,924,307 | |
More than 5 years [member] | Time deposits and saving accounts [member] | |||
Disclosure of financial assets [line items] | |||
Total | 383,966 | 301,572 | |
More than 5 years [member] | Financial derivative contracts held for hedge accounting [member] | |||
Disclosure of financial assets [line items] | |||
Total | 58,783 | 32,774 | |
More than 5 years [member] | Derivative financial instrument liabilities [member] | |||
Disclosure of financial assets [line items] | |||
Total | 1,291,588 | 1,012,743 | |
More than 5 years [member] | Interbank borrowings [member] | |||
Disclosure of financial assets [line items] | |||
Total | 87,264 | 11,099 | |
More than 5 years [member] | Lease contract liabilities [member] | |||
Disclosure of financial assets [line items] | |||
Total | 10,428 | 20,748 | |
More than 5 years [member] | Debt Issued [member] | |||
Disclosure of financial assets [line items] | |||
Total | 3,346,415 | 2,563,710 | |
More than 5 years [member] | Financial instruments of regulatory capital issued [member] | |||
Disclosure of financial assets [line items] | |||
Total | 1,097,265 | 981,661 | |
More than 5 years [member] | Financial assets total [member] | |||
Disclosure of financial assets [line items] | |||
Total | 9,413,544 | 9,041,718 | |
More than 5 years [member] | Financial assets at fair value through profit or loss, classified as held for trading, category [member] | |||
Disclosure of financial assets [line items] | |||
Total | 116,822 | 66,358 | |
More than 5 years [member] | Financial assets at fair value through other comprehensive income [member] | |||
Disclosure of financial assets [line items] | |||
Total | 195,839 | 158,226 | |
More than 5 years [member] | Loans and accounts receivable at amortized cost [member]. | |||
Disclosure of financial assets [line items] | |||
Total | 7,610,274 | 8,152,758 | |
More than 5 years [member] | Commercial loans [member] | |||
Disclosure of financial assets [line items] | |||
Total | 2,407,913 | 3,117,158 | |
More than 5 years [member] | Mortgage [member] | |||
Disclosure of financial assets [line items] | |||
Total | 4,912,916 | 4,632,432 | |
More than 5 years [member] | Consumer loans [member] | |||
Disclosure of financial assets [line items] | |||
Total | 289,445 | 403,168 | |
More than 5 years [member] | Financial instruments at amortized cost [member] | |||
Disclosure of financial assets [line items] | |||
Total | 43,487 | ||
More than 5 years [member] | Derivative financial instruments [member] | |||
Disclosure of financial assets [line items] | |||
Total | 1,433,171 | 661,849 | |
More than 5 years [member] | Financial derivative contracts held for hedge accounting [member] | |||
Disclosure of financial assets [line items] | |||
Total | $ 13,951 | $ 2,527 |
Maturity of Assets and Liabil_4
Maturity of Assets and Liabilities - Schedule of Maturity of Financial Assets and Liabilities Other (Detail) - CLP ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of financial assets [line items] | |||
Allowance for loan losses | $ 937,994 | $ 978,754 | |
Loans and receivables from banks, net [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 320 | 353 | |
Commercial loans [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 521,199 | 681,029 | $ 747,617 |
Consumer loans [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 273,931 | 189,485 | |
Loans and accounts receivable at amortized cost [member]. | Commercial loans [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 521,199 | 681,029 | |
Loans and accounts receivable at amortized cost [member]. | Mortgage [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | 100,844 | 77,298 | |
Loans and accounts receivable at amortized cost [member]. | Consumer loans [member] | |||
Disclosure of financial assets [line items] | |||
Allowance for loan losses | $ 273,931 | $ 189,485 |
Foreign Currency Position - Sch
Foreign Currency Position - Schedule of Assets and Liabilities Denominated in Foreign Currencies (Detail) $ in Millions, $ in Millions | Dec. 31, 2022 CLP ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 CLP ($) | Dec. 31, 2020 CLP ($) |
Disclosure of financial assets [line items] | ||||
Cash and deposits in banks | $ 3,058,752 | $ 3,473,392 | $ 3,089,072 | |
Cash items in process of collection | 494,994 | 438,496 | ||
Financial instruments at fair value through profit or loss | 472,283 | 332,724 | ||
Financial instruments at fair value through other comprehensive income | 3,735,290 | 3,660,450 | ||
Financial instruments at amortized cost | 1,013,943 | 187,455 | ||
Investments under resale agreements | 162,774 | 606,178 | ||
Investments in associates | 11,584 | 9,152 | 7,149 | |
Financial derivatives contracts held for trading | 3,756,340 | 2,980,926 | ||
Interbank loans, net | 46,122 | 80,554 | ||
Loans and accounts receivable at amortized cost | 25,711,811 | 23,795,548 | ||
Intangible assets | 693,790 | 699,344 | 718,683 | |
Property, plant, and equipment | 60,196 | 71,933 | 80,615 | |
Right of use assets under lease agreements | 89,539 | 110,781 | 146,008 | |
Current taxes | 88,353 | 58,184 | ||
Deferred taxes | 274,612 | 272,211 | ||
Other assets | 629,683 | 810,521 | ||
Other non-current assets held for sale | 20,700 | 12,394 | ||
TOTAL ASSETS | 40,320,766 | $ 47,197 | 37,600,243 | |
Deposits and other demand liabilities | 5,555,185 | 7,576,095 | ||
Cash in process of being cleared | 456,957 | 424,358 | ||
Obligations under repurchase agreements | 354,088 | 466,006 | ||
Time deposits and other time liabilities | 12,703,653 | 10,097,443 | ||
Financial derivatives contracts held for trading | 3,644,874 | 2,925,587 | ||
Interbank borrowings | 3,426,141 | |||
Interbank borrowings | 4,728,323 | 4,918,423 | ||
Debt instruments issued | 6,547,807 | 5,609,795 | ||
Other financial liabilities | 359,573 | 42,435 | ||
Lease contracts liabilities | 94,575 | 115,544 | 151,885 | |
Current taxes | 77 | 1,332 | ||
Provisions | 287,134 | 235,347 | $ 135,090 | |
Other liabilities | 1,007,562 | 709,612 | ||
TOTAL LIABILITIES | 37,002,977 | 34,275,022 | ||
Assets (liabilities) net | 3,317,789 | 3,325,221 | ||
CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial instruments at fair value through profit or loss | 419,077 | 91,817 | ||
Financial instruments at fair value through other comprehensive income | 3,028,865 | 2,012,758 | ||
Financial instruments at amortized cost | 302,886 | 451,099 | ||
Investments in associates | 5,695 | 9,152 | ||
Right of use assets under lease agreements | 69,416 | 86,240 | ||
Other non-current assets held for sale | 12,175 | 11,916 | ||
Cash in process of being cleared | 136,813 | 231,391 | ||
Financial derivatives contracts held for trading | 2,194,964 | |||
Interbank borrowings | 2,422,978 | |||
Interbank borrowings | 3,007,284 | 3,007,242 | ||
Other financial liabilities | 57,014 | 42,435 | ||
Lease contracts liabilities | 408 | 483 | ||
Assets (liabilities) net | (998,999) | (3,086,401) | ||
Hungary, Forint | ||||
Disclosure of financial assets [line items] | ||||
Financial instruments at fair value through other comprehensive income | 72,754 | 301,897 | ||
Financial instruments at amortized cost | 383,948 | 321,291 | ||
Financial derivatives contracts held for trading | 118,170 | |||
Interbank borrowings | 138,312 | |||
Interbank borrowings | 35,085 | |||
Lease contracts liabilities | 73,191 | 86,120 | ||
Assets (liabilities) net | 3,017,880 | 4,477,941 | ||
USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial instruments at fair value through profit or loss | 53,206 | |||
Financial instruments at fair value through other comprehensive income | 494,180 | 980,339 | ||
Financial instruments at amortized cost | (772,390) | |||
Investments in associates | 5,886 | |||
Interbank loans, net | 25,537 | 52,505 | ||
Right of use assets under lease agreements | 6,144 | 5,723 | ||
Other non-current assets held for sale | 114 | |||
Cash in process of being cleared | 302,819 | 182,202 | ||
Financial derivatives contracts held for trading | 540,656 | |||
Interbank borrowings | 704,894 | |||
Interbank borrowings | 940,440 | 1,721,424 | ||
Other financial liabilities | 302,559 | |||
Lease contracts liabilities | 6,267 | 6,778 | ||
Assets (liabilities) net | 1,598,931 | 1,258,850 | ||
COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial instruments at fair value through profit or loss | 240,907 | |||
Financial instruments at fair value through other comprehensive income | 139,491 | 365,456 | ||
Financial instruments at amortized cost | 327,109 | 187,455 | ||
Interbank loans, net | 20,585 | 28,049 | ||
Right of use assets under lease agreements | 13,979 | 18,818 | ||
Other non-current assets held for sale | 8,411 | 478 | ||
Cash in process of being cleared | 9 | |||
Financial derivatives contracts held for trading | 60,400 | |||
Interbank borrowings | 159,957 | |||
Interbank borrowings | 721,414 | 117,239 | ||
Lease contracts liabilities | 14,519 | 22,047 | ||
Assets (liabilities) net | (351,055) | 690,237 | ||
Euro [Member] | ||||
Disclosure of financial assets [line items] | ||||
Investments in associates | 3 | |||
Cash in process of being cleared | 16,947 | 10,640 | ||
Financial derivatives contracts held for trading | 11,397 | |||
Interbank borrowings | 23,269 | 837 | ||
Assets (liabilities) net | 38,312 | 25,003 | ||
Other Currency [member] | ||||
Disclosure of financial assets [line items] | ||||
Cash in process of being cleared | 369 | 125 | ||
Interbank borrowings | 831 | 71,681 | ||
Assets (liabilities) net | 12,597 | (49,693) | ||
Cash and deposits in banks [member] | ||||
Disclosure of financial assets [line items] | ||||
Cash and deposits in banks | 3,058,752 | 3,473,392 | ||
Cash and deposits in banks [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Cash and deposits in banks | 1,472,359 | 1,308,118 | ||
Cash and deposits in banks [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Cash and deposits in banks | 1,387,738 | 1,822,747 | ||
Cash and deposits in banks [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Cash and deposits in banks | 149,163 | 287,922 | ||
Cash and deposits in banks [member] | Euro [Member] | ||||
Disclosure of financial assets [line items] | ||||
Cash and deposits in banks | 35,730 | 32,213 | ||
Cash and deposits in banks [member] | Other Currency [member] | ||||
Disclosure of financial assets [line items] | ||||
Cash and deposits in banks | 13,762 | 22,392 | ||
Cash In The Process Of Collection [member] | ||||
Disclosure of financial assets [line items] | ||||
Cash items in process of collection | 494,994 | 438,496 | ||
Cash In The Process Of Collection [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Cash items in process of collection | 339,559 | 211,686 | ||
Cash In The Process Of Collection [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Cash items in process of collection | 148,960 | 222,843 | ||
Cash In The Process Of Collection [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Cash items in process of collection | 5 | 347 | ||
Cash In The Process Of Collection [member] | Euro [Member] | ||||
Disclosure of financial assets [line items] | ||||
Cash items in process of collection | 4,414 | 3,354 | ||
Cash In The Process Of Collection [member] | Other Currency [member] | ||||
Disclosure of financial assets [line items] | ||||
Cash items in process of collection | 2,056 | 266 | ||
Loans and receivables from banks, net [member] | ||||
Disclosure of financial assets [line items] | ||||
Loans and accounts receivable at amortized cost | 25,711,811 | 23,795,548 | ||
Loans and receivables from banks, net [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Loans and accounts receivable at amortized cost | 7,526,343 | 6,079,741 | ||
Loans and receivables from banks, net [member] | Hungary, Forint | ||||
Disclosure of financial assets [line items] | ||||
Loans and accounts receivable at amortized cost | 10,665,565 | 9,799,322 | ||
Loans and receivables from banks, net [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Loans and accounts receivable at amortized cost | 3,920,269 | 3,578,507 | ||
Loans and receivables from banks, net [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Loans and accounts receivable at amortized cost | 3,547,452 | 4,302,474 | ||
Loans and receivables from banks, net [member] | Euro [Member] | ||||
Disclosure of financial assets [line items] | ||||
Loans and accounts receivable at amortized cost | 51,346 | 26,371 | ||
Loans and receivables from banks, net [member] | Other Currency [member] | ||||
Disclosure of financial assets [line items] | ||||
Loans and accounts receivable at amortized cost | 836 | |||
Investments under resale agreements [Member] | ||||
Disclosure of financial assets [line items] | ||||
Investments under resale agreements | 162,774 | 606,178 | ||
Investments under resale agreements [Member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Investments under resale agreements | 63,154 | 171,810 | ||
Investments under resale agreements [Member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Investments under resale agreements | 99,620 | 434,368 | ||
Derivative financial instruments [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial derivatives contracts held for trading | 3,617,791 | 2,980,926 | ||
Derivative financial instruments [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial derivatives contracts held for trading | 2,347,490 | 2,254,395 | ||
Derivative financial instruments [member] | Hungary, Forint | ||||
Disclosure of financial assets [line items] | ||||
Financial derivatives contracts held for trading | 195,800 | 126,280 | ||
Derivative financial instruments [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial derivatives contracts held for trading | 728,250 | 564,013 | ||
Derivative financial instruments [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial derivatives contracts held for trading | 346,251 | 30,538 | ||
Derivative financial instruments [member] | Euro [Member] | ||||
Disclosure of financial assets [line items] | ||||
Financial derivatives contracts held for trading | 5,700 | |||
Financial derivative contracts held for hedge accounting [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial derivatives contracts held for trading | 138,548 | |||
Financial derivative contracts held for hedge accounting [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial derivatives contracts held for trading | 75,651 | |||
Financial derivative contracts held for hedge accounting [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial derivatives contracts held for trading | 62,897 | |||
Intangible assets 1 [member] | ||||
Disclosure of financial assets [line items] | ||||
Intangible assets | 693,790 | 699,344 | ||
Intangible assets 1 [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Intangible assets | 663,991 | 663,373 | ||
Intangible assets 1 [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Intangible assets | 230 | 130 | ||
Intangible assets 1 [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Intangible assets | 29,569 | 35,841 | ||
Property, plant and equipment, net [member] | ||||
Disclosure of financial assets [line items] | ||||
Property, plant, and equipment | 60,196 | 71,933 | ||
Property, plant and equipment, net [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Property, plant, and equipment | 46,080 | 39,507 | ||
Property, plant and equipment, net [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Property, plant, and equipment | 709 | 433 | ||
Property, plant and equipment, net [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Property, plant, and equipment | 13,407 | 31,993 | ||
Current income taxes [member] | ||||
Disclosure of financial assets [line items] | ||||
Current taxes | 88,353 | 58,184 | ||
Current income taxes [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Current taxes | 50,690 | 18,871 | ||
Current income taxes [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Current taxes | 1,713 | |||
Current income taxes [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Current taxes | 37,663 | 37,600 | ||
Deferred income taxes [member] | ||||
Disclosure of financial assets [line items] | ||||
Deferred taxes | 274,612 | 272,211 | ||
Deferred income taxes [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Deferred taxes | 181,556 | 181,998 | ||
Deferred income taxes [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Deferred taxes | 19,274 | 15,942 | ||
Deferred income taxes [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Deferred taxes | 73,782 | 74,271 | ||
Other asset [member] | ||||
Disclosure of financial assets [line items] | ||||
Other assets | 629,684 | 810,521 | ||
Other asset [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Other assets | 207,238 | 224,814 | ||
Other asset [member] | Hungary, Forint | ||||
Disclosure of financial assets [line items] | ||||
Other assets | 4,765 | 4,421 | ||
Other asset [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Other assets | 358,481 | 516,165 | ||
Other asset [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Other assets | 53,219 | 56,492 | ||
Other asset [member] | Euro [Member] | ||||
Disclosure of financial assets [line items] | ||||
Other assets | 5,664 | 8,361 | ||
Other asset [member] | Other Currency [member] | ||||
Disclosure of financial assets [line items] | ||||
Other assets | 3 | |||
Financial assets1 [member] | ||||
Disclosure of financial assets [line items] | ||||
TOTAL ASSETS | 40,320,766 | 37,600,243 | ||
Financial assets1 [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
TOTAL ASSETS | 16,812,225 | 13,817,295 | ||
Financial assets1 [member] | Hungary, Forint | ||||
Disclosure of financial assets [line items] | ||||
TOTAL ASSETS | 11,322,832 | 10,553,211 | ||
Financial assets1 [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
TOTAL ASSETS | 7,211,875 | 6,988,670 | ||
Financial assets1 [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
TOTAL ASSETS | 4,859,706 | 6,133,009 | ||
Financial assets1 [member] | Euro [Member] | ||||
Disclosure of financial assets [line items] | ||||
TOTAL ASSETS | 97,157 | 75,999 | ||
Financial assets1 [member] | Other Currency [member] | ||||
Disclosure of financial assets [line items] | ||||
TOTAL ASSETS | 16,657 | 22,658 | ||
Readjustment [member] | ||||
Disclosure of financial assets [line items] | ||||
Lease contracts liabilities | 190 | 116 | ||
Assets (liabilities) net | 123 | 9,284 | ||
Readjustment [member] | Loans and receivables from banks, net [member] | ||||
Disclosure of financial assets [line items] | ||||
Loans and accounts receivable at amortized cost | 9,133 | |||
Readjustment [member] | Other asset [member] | ||||
Disclosure of financial assets [line items] | ||||
Other assets | 314 | 268 | ||
Readjustment [member] | Financial assets1 [member] | ||||
Disclosure of financial assets [line items] | ||||
TOTAL ASSETS | 314 | 9,401 | ||
Current accounts and demand deposits [member] | ||||
Disclosure of financial assets [line items] | ||||
Deposits and other demand liabilities | 5,555,185 | 7,576,095 | ||
Current accounts and demand deposits [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Deposits and other demand liabilities | 2,819,429 | 3,717,926 | ||
Current accounts and demand deposits [member] | Hungary, Forint | ||||
Disclosure of financial assets [line items] | ||||
Deposits and other demand liabilities | 27,427 | 21,624 | ||
Current accounts and demand deposits [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Deposits and other demand liabilities | 809,882 | 896,088 | ||
Current accounts and demand deposits [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Deposits and other demand liabilities | 1,880,225 | 2,914,776 | ||
Current accounts and demand deposits [member] | Euro [Member] | ||||
Disclosure of financial assets [line items] | ||||
Deposits and other demand liabilities | 15,362 | 25,136 | ||
Current accounts and demand deposits [member] | Other Currency [member] | ||||
Disclosure of financial assets [line items] | ||||
Deposits and other demand liabilities | 2,860 | 545 | ||
Obligations under repurchase agreements [member] | ||||
Disclosure of financial assets [line items] | ||||
Obligations under repurchase agreements | 354,088 | 466,006 | ||
Obligations under repurchase agreements [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Obligations under repurchase agreements | 288,446 | 212,356 | ||
Obligations under repurchase agreements [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Obligations under repurchase agreements | 8,119 | |||
Obligations under repurchase agreements [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Obligations under repurchase agreements | 57,523 | 253,650 | ||
Time deposits and saving accounts [member] | ||||
Disclosure of financial assets [line items] | ||||
Time deposits and other time liabilities | 12,703,653 | 10,097,443 | ||
Time deposits and saving accounts [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Time deposits and other time liabilities | 7,567,423 | 6,233,732 | ||
Time deposits and saving accounts [member] | Hungary, Forint | ||||
Disclosure of financial assets [line items] | ||||
Time deposits and other time liabilities | 1,394,752 | 509,868 | ||
Time deposits and saving accounts [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Time deposits and other time liabilities | 1,982,901 | 2,045,906 | ||
Time deposits and saving accounts [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Time deposits and other time liabilities | 1,758,575 | 1,307,928 | ||
Time deposits and saving accounts [member] | Euro [Member] | ||||
Disclosure of financial assets [line items] | ||||
Time deposits and other time liabilities | 1 | 8 | ||
Time deposits and saving accounts [member] | Readjustment [member] | ||||
Disclosure of financial assets [line items] | ||||
Time deposits and other time liabilities | 1 | 1 | ||
Financial derivative contracts held for hedge accounting [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial derivatives contracts held for trading | 218,733 | |||
Financial derivative contracts held for hedge accounting [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial derivatives contracts held for trading | 201,537 | |||
Financial derivative contracts held for hedge accounting [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Financial derivatives contracts held for trading | 17,196 | |||
Debt Issued [member] | ||||
Disclosure of financial assets [line items] | ||||
Debt instruments issued | 6,547,807 | 6,762,840 | ||
Debt Issued [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Debt instruments issued | 679,521 | 888,333 | ||
Debt Issued [member] | Hungary, Forint | ||||
Disclosure of financial assets [line items] | ||||
Debt instruments issued | 5,445,284 | 5,094,916 | ||
Debt Issued [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Debt instruments issued | 144,078 | |||
Debt Issued [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Debt instruments issued | 423,002 | 635,513 | ||
Financial instruments of regulatory capital issued [member] | ||||
Disclosure of financial assets [line items] | ||||
Debt instruments issued | 1,263,169 | |||
Financial instruments of regulatory capital issued [member] | Hungary, Forint | ||||
Disclosure of financial assets [line items] | ||||
Debt instruments issued | 1,070,933 | |||
Financial instruments of regulatory capital issued [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Debt instruments issued | 147,291 | |||
Financial instruments of regulatory capital issued [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Debt instruments issued | 44,945 | |||
Current Income Tax Provision [member] | ||||
Disclosure of financial assets [line items] | ||||
Current taxes | 77 | 1,332 | ||
Current Income Tax Provision [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Current taxes | 393 | |||
Current Income Tax Provision [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Current taxes | 77 | 939 | ||
Provisions [member] | ||||
Disclosure of financial assets [line items] | ||||
Provisions | 287,134 | 235,347 | ||
Provisions [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Provisions | 176,255 | 158,779 | ||
Provisions [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Provisions | 30,484 | 2,177 | ||
Provisions [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Provisions | 80,395 | 74,391 | ||
Others liabilities [member] | ||||
Disclosure of financial assets [line items] | ||||
Other liabilities | 1,007,562 | 709,612 | ||
Others liabilities [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
Other liabilities | 454,116 | 215,662 | ||
Others liabilities [member] | Hungary, Forint | ||||
Disclosure of financial assets [line items] | ||||
Other liabilities | 119,968 | 244,572 | ||
Others liabilities [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
Other liabilities | 377,288 | 190,511 | ||
Others liabilities [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
Other liabilities | 52,924 | 55,889 | ||
Others liabilities [member] | Euro [Member] | ||||
Disclosure of financial assets [line items] | ||||
Other liabilities | 3,266 | 2,978 | ||
Financial liabilities1 [member] | ||||
Disclosure of financial assets [line items] | ||||
TOTAL LIABILITIES | 37,002,977 | 34,275,022 | ||
Financial liabilities1 [member] | CLP [member] | ||||
Disclosure of financial assets [line items] | ||||
TOTAL LIABILITIES | 17,811,224 | 16,903,696 | ||
Financial liabilities1 [member] | Hungary, Forint | ||||
Disclosure of financial assets [line items] | ||||
TOTAL LIABILITIES | 8,304,952 | 6,075,270 | ||
Financial liabilities1 [member] | USD [member] | ||||
Disclosure of financial assets [line items] | ||||
TOTAL LIABILITIES | 5,612,944 | 5,729,820 | ||
Financial liabilities1 [member] | COP [member] | ||||
Disclosure of financial assets [line items] | ||||
TOTAL LIABILITIES | 5,210,761 | 5,442,772 | ||
Financial liabilities1 [member] | Euro [Member] | ||||
Disclosure of financial assets [line items] | ||||
TOTAL LIABILITIES | 58,845 | 50,996 | ||
Financial liabilities1 [member] | Other Currency [member] | ||||
Disclosure of financial assets [line items] | ||||
TOTAL LIABILITIES | 4,060 | 72,351 | ||
Financial liabilities1 [member] | Readjustment [member] | ||||
Disclosure of financial assets [line items] | ||||
TOTAL LIABILITIES | $ 191 | $ 117 |
Subsequent events - Additional
Subsequent events - Additional Information (Detail) | Apr. 20, 2023 CLP ($) director $ / shares shares | Jan. 19, 2023 director stockholder EquityInstruments shares | Jan. 18, 2023 director shares | Mar. 24, 2022 director | Apr. 19, 2023 item |
Disclosure of non-adjusting events after reporting period [line items] | |||||
Number of alternate directors | director | 1 | 2 | 2 | ||
Number of regular directors | director | 7 | 11 | 11 | ||
Major ordinary share transactions [member] | |||||
Disclosure of non-adjusting events after reporting period [line items] | |||||
Number of board of directors | director | 7 | 11 | |||
Number of alternate directors | director | 1 | 2 | |||
Term of holding shareholders meeting | 60 days | ||||
Shares authorized | shares | 216,347,305 | 973,517,871,202 | |||
Shares converted | shares | 4,500 | ||||
Shares issued | shares | 1 | ||||
Exchange ratio of new shares issued | 0.00022222222222222 | ||||
Number of new shares, Share capital is divided | shares | 216,347,305 | ||||
Number of back up shares reserved | shares | 10,000 | ||||
Number of shareholders loses status due to exchange of shares | stockholder | 0 | ||||
Number of stock exchange business days | 60 years | ||||
Number of shares issuable | EquityInstruments | 216,347,305 | ||||
Major ordinary share transactions [member] | Bottom of Range [Member] | |||||
Disclosure of non-adjusting events after reporting period [line items] | |||||
Number of shares held by shareholder on exchange date | EquityInstruments | 4,500 | ||||
Announcing or commencing implementation of major restructuring [member] | |||||
Disclosure of non-adjusting events after reporting period [line items] | |||||
Number of principal members | director | 7 | ||||
Number of alternate members appointed | director | 1 | ||||
Percentage of dividend payable on distributable net income | 30% | ||||
Dividends | $ | $ 130,123,237,338 | ||||
Number of shares issued | shares | 973,517,871,202 | ||||
Dividends payable per share | $ / shares | $ 0.1336629158920 | ||||
Percentage of profits to be retained | 70% | ||||
Number of business days prior to the date of payment | item | 5 |