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Hedge accounting (Tables) | 12 Months Ended
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Dec. 31, 2024
Hedge Accounting |
Schedule of each strategy of nominal value and fair value adjustments of hedge instruments and book value of hedged Item |
Schedule of each strategy of nominal value and fair value adjustments of hedge instruments and book value of hedged Item |  |  |  |  |  |  |  |
Strategies | Heading | 12/31/2024
Hedged item |  | Hedge instrument
Book Value | Variation in value recognized in Other comprehensive income | Cash flow hedge reserve |  | Notional Amount | Variation in fair value used to calculate hedge ineffectiveness
Assets | Liabilities |
Interest rate risk |  |  |  |  |  |  |  |
Hedge of deposits and repurchase agreements | Securities sold under agreements to resell | - | 110,405 | 2,672 | 2,672 |  | 107,677 | 2,728
Hedge of assets transactions | Loans and lease operations and Securities | 2,420 | - | (155) | (155) |  | 1,966 | (155)
Hedge of asset-backed securities under repurchase agreements | Securities purchased under agreements to resell | 66,795 | - | (3,428) | (3,429) |  | 63,261 | (3,428)
Hedge of loan operations | Loans and lease operations | 10,955 | - | 44 | 59 |  | 10,910 | 44
Hedge of funding | Deposits | - | 9,732 | 3 | (61) |  | 9,735 | 3
Hedge of assets denominated in UF | Securities | 39,842 | - | (54) | (54) |  | 39,894 | (54)
Foreign exchange risk |  |  |  |  |  |  |  |
Hedge of highly probable forecast transactions |  | - | 1,606 | (193) | (90) |  | 1,437 | (193)
Hedge of funding | Deposits | - | 1,176 | (11) | (11) |  | 1,165 | (11)
Total |  | 120,012 | 122,919 | (1,122) | (1,069) |  | 236,045 | (1,066)
Strategies | Heading | 12/31/2023
Hedged item |  | Hedge instrument
Book Value | Variation in value recognized in Other comprehensive income | Cash flow hedge reserve |  | Notional Amount | Variation in fair value used to calculate hedge ineffectiveness
Assets | Liabilities |
Interest rate risk |  |  |  |  |  |  |  |
Hedge of deposits and repurchase agreements | Securities sold under agreements to resell | - | 119,464 | (1,086) | (1,070) |  | 120,550 | (1,086)
Hedge of assets transactions | Loans and lease operations and Securities | 7,395 | - | (4) | (4) |  | 7,394 | (4)
Hedge of asset-backed securities under repurchase agreements | Securities purchased under agreements to resell | 41,761 | - | 1,132 | 830 |  | 42,570 | 1,132
Hedge of loan operations | Loans and lease operations | 18,449 | - | 185 | 211 |  | 18,265 | 184
Hedge of funding | Deposits | - | 5,993 | (95) | (162) |  | 5,899 | (95)
Hedge of assets denominated in UF | Securities | 10,664 | - | 21 | 21 |  | 10,704 | 21
Foreign exchange risk |  |  |  |  |  |  |  |
Hedge of highly probable forecast transactions |  | - | 1,287 | 35 | 195 |  | 1,323 | 35
Hedge of funding | Deposits | - | 2,300 | (12) | (12) |  | 2,288 | (12)
Total |  | 78,269 | 129,044 | 176 | 9 |  | 208,993 | 175
Schedule of hedge accounting |
Schedule of hedge accounting |  |  |  |  |  |  |
Hedge Instruments | 12/31/2024
Notional amount | Book Value (1) | Variations in fair value used to calculate hedge ineffectiveness | Variation in value recognized in Other comprehensive income | Hedge ineffectiveness recognized in income | Amount reclassified from Cash flow hedge reserve to income
Assets | Liabilities
Interest rate risk |  |  |  |  |  |  |
Futures | 172,904 | 76 | 133 | (855) | (911) | 56 | (285)
Forward | 33,218 | - | 132 | (45) | (45) | - | -
Swaps | 27,321 | 106 | 31 | 38 | 38 | - | (59)
Foreign exchange risk |  |  |  |  |  |  |
Futures | 1,186 | 4 | - | (181) | (181) | - | (3)
Forward | 1,416 | 34 | 15 | (23) | (23) | - | -
Total | 236,045 | 220 | 311 | (1,066) | (1,122) | 56 | (347)
Hedge Instruments | 12/31/2023
Notional amount | Book Value (1) | Variations in fair value used to calculate hedge ineffectiveness | Variation in value recognized in Other comprehensive income | Hedge ineffectiveness recognized in income | Amount reclassified from Cash flow hedge reserve to income
Assets | Liabilities
Interest rate risk |  |  |  |  |  |  |
Futures | 170,514 | 53 | 43 | 42 | 42 | - | (168)
Forward | 10,582 | 44 | - | 21 | 21 | - | 4
Swaps | 24,286 | 179 | 101 | 89 | 90 | (1) | (1)
Foreign exchange risk |  |  |  |  |  |  |
Futures | 1,278 | - | 7 | 36 | 36 | - | (9)
Forward | 2,333 | - | 276 | (13) | (13) | - | -
Total | 208,993 | 276 | 427 | 175 | 176 | (1) | (174)
1) | Amounts recorded under heading Derivatives.
Schedule of net investment in foreign operations |
Schedule of net investment in foreign operations |  |  |  |  |  |  |
Strategies | 12/31/2024
Hedged item |  | Hedge instrument
Book Value (2) | Variation in value recognized in Other comprehensive income | Foreign currency conversion reserve |  | Notional amount | Variation in fair value used to calculate hedge ineffectiveness
Assets | Liabilities |
Foreign exchange risk |  |  |  |  |  |  |
Hedge of net investment in foreign operations (1) | 23,701 | - | (17,404) | (17,404) |  | 19,363 | (17,428)
Total | 23,701 | - | (17,404) | (17,404) |  | 19,363 | (17,428)
Strategies | 12/31/2023
Hedged item |  | Hedge instrument
Book Value (2) | Variation in value recognized in Other comprehensive income | Foreign currency conversion reserve |  | Notional amount | Variation in fair value used to calculate hedge ineffectiveness
Assets | Liabilities |
Foreign exchange risk |  |  |  |  |  |  |
Hedge of net investment in foreign operations (1) | 18,849 | - | (13,986) | (13,986) |  | 19,208 | (14,210)
Total | 18,849 | - | (13,986) | (13,986) |  | 19,208 | (14,210)
1) | Hedge instruments consider the gross tax position.
2) | Amounts recorded under heading Derivatives.
Schedule of hedge instruments |
Schedule of hedge instruments |  |  |  |  |  |  |
Hedge instruments | 12/31/2024
Notional amount | Book Value (1) | Variations in fair value used to calculate hedge ineffectiveness | Variation in the value recognized in Other comprehensive income | Hedge ineffectiveness recognized in income | Amount reclassified from foreign currency conversion reserve into income
Assets | Liabilities
Foreign exchange risk |  |  |  |  |  |  |
Future | 5,234 | 21 | - | (6,093) | (6,053) | (40) | -
Future / NDF - Non Deliverable Forward | 7,933 | 129 | 107 | (2,640) | (2,610) | (30) | (1)
Future / Financial Assets | 6,196 | 6,490 | 1,961 | (8,695) | (8,741) | 46 | -
Total | 19,363 | 6,640 | 2,068 | (17,428) | (17,404) | (24) | (1)
Hedge instruments | 12/31/2023
Notional amount | Book Value (1) | Variations in fair value used to calculate hedge ineffectiveness | Variation in the value recognized in Other comprehensive income | Hedge ineffectiveness recognized in income | Amount reclassified from foreign currency conversion reserve into income
Assets | Liabilities
Foreign exchange risk |  |  |  |  |  |  |
Future | 2,109 | 10 | - | (5,638) | (5,596) | (42) | 136
Future / NDF - Non Deliverable Forward | 12,539 | 120 | 57 | (4,951) | (4,733) | (218) | (104)
Future / Financial Assets | 4,560 | 5,525 | 350 | (3,621) | (3,657) | 36 | -
Total | 19,208 | 5,655 | 407 | (14,210) | (13,986) | (224) | 32
1) | Amounts recorded under heading Derivatives.
Schedule of the effect of hedge accounting on the financial position and performance |
Schedule of the effect of hedge accounting on the financial position and performance |  |  |  |  |  |  |  |
Strategies | 12/31/2024
Hedge Item |  | Hedge Instruments
Book Value (1) | Fair Value | Variation in fair value recognized in income |  | Notional amount | Variation in fair value used to calculate hedge ineffectiveness
Assets | Liabilities | Assets | Liabilities |
Interest rate risk |  |  |  |  |  |  |  |
Hedge of loan operations | 37,116 | - | 37,423 | - | 307 |  | 37,116 | (304)
Hedge of funding | - | 25,287 | - | 25,088 | 199 |  | 25,287 | (199)
Hedge of securities | 38,527 | - | 38,313 | - | (214) |  | 38,743 | 214
Foreign exchange risk |  |  |  |  |  |  |  |
Hedge of firm commitments | - | 90 | - | 112 | (22) |  | 297 | 22
Total | 75,643 | 25,377 | 75,736 | 25,200 | 270 |  | 101,443 | (267)
Strategies | 12/31/2023
Hedge Item |  | Hedge Instruments
Book Value (1) | Fair Value | Variation in fair value recognized in income |  | Notional amount | Variation in fair value used to calculate hedge ineffectiveness
Assets | Liabilities | Assets | Liabilities |
Interest rate risk |  |  |  |  |  |  |  |
Hedge of loan operations | 12,592 | - | 12,597 | - | 5 |  | 12,589 | (5)
Hedge of funding | - | 16,304 | - | 16,185 | 119 |  | 16,304 | (120)
Hedge of securities | 25,179 | - | 25,386 | - | 207 |  | 25,105 | (197)
Foreign exchange risk |  |  |  |  |  |  |  |
Hedge of firm commitments | - | 265 | - | 269 | (4) |  | 245 | 4
Total | 37,771 | 16,569 | 37,983 | 16,454 | 327 |  | 54,243 | (318)
1) | Amounts recorded under heading Deposits, Securities, Funds from Interbank Markets and Loan and Lease Operations.
Schedule of management strategy guidelines |
Schedule of management strategy guidelines |  |  |  |  |
Hedge Instruments | 12/31/2024
Notional amount | Book value (1) | Variation in fair value used to calculate hedge ineffectiveness | Hedge ineffectiveness recognized in income
Assets | Liabilities
Interest rate risk |  |  |  |  |
Swaps | 90,201 | 1,557 | 737 | (328) | 8
Futures | 10,945 | 17 | - | 39 | (5)
Foreign exchange risk |  |  |  |  |
Futures | 297 | - | - | 22 | -
Total | 101,443 | 1,574 | 737 | (267) | 3
Hedge Instruments | 12/31/2023
Notional amount | Book value (1) | Variation in fair value used to calculate hedge ineffectiveness | Hedge ineffectiveness recognized in income
Assets | Liabilities
Interest rate risk |  |  |  |  |
Swaps | 45,430 | 893 | 563 | (331) | 7
Futures | 8,568 | 62 | - | 9 | 2
Foreign exchange risk |  |  |  |  |
Futures | 245 | 1 | - | 4 | -
Total | 54,243 | 956 | 563 | (318) | 9
1) | Amounts recorded under heading Derivatives.
Schedule of breakdown by maturity of hedging strategies |
Schedule of each strategy of nominal value and fair value |  |  |  |  |  |  |
| 12/31/2024 |  | 12/31/2023
Hedge instruments | Hedged item |  | Hedge instruments | Hedged item
Notional amount | Fair value adjustments | Book Value |  | Notional amount | Fair value adjustments | Book Value
Hedge of deposits and repurchase agreements | 107,677 | 76 | 110,405 |  | 120,550 | 53 | 119,464
Hedge of highly probable forecast transactions | 1,437 | (11) | 1,606 |  | 1,323 | (8) | 1,287
Hedge of net investment in foreign operations | 19,363 | 4,572 | 23,701 |  | 19,208 | 5,248 | 18,849
Hedge of loan operations (Fair value) | 37,116 | 333 | 37,116 |  | 12,589 | 430 | 12,592
Hedge of loan operations (Cash flow) | 10,910 | 54 | 10,955 |  | 18,265 | 130 | 18,449
Hedge of funding (Fair value) | 25,287 | (294) | 25,287 |  | 16,304 | (299) | 16,304
Hedge of funding (Cash flow) | 10,900 | 82 | 10,908 |  | 8,187 | (328) | 8,293
Hedge of assets transactions | 1,966 | (10) | 2,420 |  | 7,394 | - | 7,395
Hedge of asset-backed securities under repurchase agreements | 63,261 | (123) | 66,795 |  | 42,570 | (43) | 41,761
Hedge of assets denominated in UF | 39,894 | (159) | 39,842 |  | 10,704 | 45 | 10,664
Hedge of securities | 38,743 | 798 | 38,527 |  | 25,105 | 261 | 25,179
Hedge of firm commitments | 297 | - | 90 |  | 245 | 1 | 265
Total |  | 5,318 |  |  |  | 5,490 |
The table below shows the breakdown by maturity of the hedging strategies:
Schedule of breakdown by maturity of hedging strategies |  |  |  |  |  |  |  |
| 12/31/2024
| 0-1 year | 1-2 years | 2-3 years | 3-4 years | 4-5 years | 5-10 years | Over 10 years | Total
Hedge of deposits and repurchase agreements | 67,617 | 27,835 | 9,146 | 1,467 | 1,174 | 438 | - | 107,677
Hedge of highly probable forecast transactions | 1,437 | - | - | - | - | - | - | 1,437
Hedge of net investment in foreign operations (1) | 19,363 | - | - | - | - | - | - | 19,363
Hedge of loan operations (Fair value) | 8,227 | 12,446 | 6,090 | 4,334 | 4,092 | 1,647 | 280 | 37,116
Hedge of loan operations (Cash flow) | 7,310 | 1,148 | 746 | 1,272 | 434 | - | - | 10,910
Hedge of funding (Fair value) | 12,942 | 3,574 | 535 | 1,556 | 2,930 | 3,328 | 422 | 25,287
Hedge of funding (Cash flow) | 9,404 | 504 | - | 126 | 415 | 451 | - | 10,900
Hedge of assets transactions | - | - | 1,247 | 719 | - | - | - | 1,966
Hedge of asset-backed securities under repurchase agreements | 22,629 | 15,489 | 17,016 | 5,170 | 2,957 | - | - | 63,261
Hedge of assets denominated in UF | 16,801 | 23,093 | - | - | - | - | - | 39,894
Hedge of securities | 12,256 | 8,639 | 3,741 | 4,384 | 2,965 | 5,251 | 1,507 | 38,743
Hedge of firm commitments (Fair value) | 297 | - | - | - | - | - | - | 297
Total | 178,283 | 92,728 | 38,521 | 19,028 | 14,967 | 11,115 | 2,209 | 356,851
| 12/31/2023
| 0-1 year | 1-2 years | 2-3 years | 3-4 years | 4-5 years | 5-10 years | Over 10 years | Total
Hedge of deposits and repurchase agreements | 78,786 | 17,167 | 12,556 | 8,672 | 1,562 | 1,807 | - | 120,550
Hedge of highly probable forecast transactions | 1,323 | - | - | - | - | - | - | 1,323
Hedge of net investment in foreign operations (1) | 19,208 | - | - | - | - | - | - | 19,208
Hedge of loan operations (Fair value) | 2,230 | 2,173 | 3,114 | 1,577 | 2,523 | 972 | - | 12,589
Hedge of loan operations (Cash flow) | 10,353 | 5,376 | 1,280 | - | 1,256 | - | - | 18,265
Hedge of funding (Fair value) | 6,133 | 2,575 | 1,048 | 532 | 734 | 4,979 | 303 | 16,304
Hedge of funding (Cash flow) | 2,288 | 2,008 | - | 678 | 2,833 | 380 | - | 8,187
Hedge of assets transactions | 7,394 | - | - | - | - | - | - | 7,394
Hedge of asset-backed securities under repurchase agreements | - | 20,813 | 10,624 | 11,133 | - | - | - | 42,570
Hedge of assets denominated in UF | 10,704 | - | - | - | - | - | - | 10,704
Hedge of securities | 7,894 | 5,538 | 2,714 | 1,345 | 3,179 | 3,655 | 780 | 25,105
Hedge of firm commitments (Fair value) | 245 | - | - | - | - | - | - | 245
Total | 146,558 | 55,650 | 31,336 | 23,937 | 12,087 | 11,793 | 1,083 | 282,444
1) | Classified as current, since instruments are frequently renewed.
Schedule of breakdown by maturity of hedging strategies |
Schedule of breakdown by maturity of hedging strategies |  |  |  |  |  |  |  |
| 12/31/2024
| 0-1 year | 1-2 years | 2-3 years | 3-4 years | 4-5 years | 5-10 years | Over 10 years | Total
Hedge of deposits and repurchase agreements | 67,617 | 27,835 | 9,146 | 1,467 | 1,174 | 438 | - | 107,677
Hedge of highly probable forecast transactions | 1,437 | - | - | - | - | - | - | 1,437
Hedge of net investment in foreign operations (1) | 19,363 | - | - | - | - | - | - | 19,363
Hedge of loan operations (Fair value) | 8,227 | 12,446 | 6,090 | 4,334 | 4,092 | 1,647 | 280 | 37,116
Hedge of loan operations (Cash flow) | 7,310 | 1,148 | 746 | 1,272 | 434 | - | - | 10,910
Hedge of funding (Fair value) | 12,942 | 3,574 | 535 | 1,556 | 2,930 | 3,328 | 422 | 25,287
Hedge of funding (Cash flow) | 9,404 | 504 | - | 126 | 415 | 451 | - | 10,900
Hedge of assets transactions | - | - | 1,247 | 719 | - | - | - | 1,966
Hedge of asset-backed securities under repurchase agreements | 22,629 | 15,489 | 17,016 | 5,170 | 2,957 | - | - | 63,261
Hedge of assets denominated in UF | 16,801 | 23,093 | - | - | - | - | - | 39,894
Hedge of securities | 12,256 | 8,639 | 3,741 | 4,384 | 2,965 | 5,251 | 1,507 | 38,743
Hedge of firm commitments (Fair value) | 297 | - | - | - | - | - | - | 297
Total | 178,283 | 92,728 | 38,521 | 19,028 | 14,967 | 11,115 | 2,209 | 356,851
| 12/31/2023
| 0-1 year | 1-2 years | 2-3 years | 3-4 years | 4-5 years | 5-10 years | Over 10 years | Total
Hedge of deposits and repurchase agreements | 78,786 | 17,167 | 12,556 | 8,672 | 1,562 | 1,807 | - | 120,550
Hedge of highly probable forecast transactions | 1,323 | - | - | - | - | - | - | 1,323
Hedge of net investment in foreign operations (1) | 19,208 | - | - | - | - | - | - | 19,208
Hedge of loan operations (Fair value) | 2,230 | 2,173 | 3,114 | 1,577 | 2,523 | 972 | - | 12,589
Hedge of loan operations (Cash flow) | 10,353 | 5,376 | 1,280 | - | 1,256 | - | - | 18,265
Hedge of funding (Fair value) | 6,133 | 2,575 | 1,048 | 532 | 734 | 4,979 | 303 | 16,304
Hedge of funding (Cash flow) | 2,288 | 2,008 | - | 678 | 2,833 | 380 | - | 8,187
Hedge of assets transactions | 7,394 | - | - | - | - | - | - | 7,394
Hedge of asset-backed securities under repurchase agreements | - | 20,813 | 10,624 | 11,133 | - | - | - | 42,570
Hedge of assets denominated in UF | 10,704 | - | - | - | - | - | - | 10,704
Hedge of securities | 7,894 | 5,538 | 2,714 | 1,345 | 3,179 | 3,655 | 780 | 25,105
Hedge of firm commitments (Fair value) | 245 | - | - | - | - | - | - | 245
Total | 146,558 | 55,650 | 31,336 | 23,937 | 12,087 | 11,793 | 1,083 | 282,444
1) | Classified as current, since instruments are frequently renewed.

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