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Investment Properties
 12 Months Ended
Dec. 31, 2017
Investment Properties  
Investment Properties

16.   Investment Properties:

 

 

 

2015

 

2016

 

2017

 

 

 

MCh$

 

MCh$

 

MCh$

 

Net Balance as of January 1,

 
15,936

 
15,042

 
14,674

 

Additions resulting from business combinations

 

—

 

—

 

—

 

Reclassifications

 
(515

)

—

 

—

 

Disposals

 

—

 

—

 

—

 

Depreciation charges in the period

 
(379

)
(368

)
(368

)

Impairment

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

Net Balance as of December 31,

 
15,042

 
14,674

 
14,306

 

 

 

 

 

 

 

 

 

 

Estimated useful lives applied by the Bank are presented in Note No. 2(n) on Property and equipment.

 

As of December 31, 2017, the fair value of the investment properties held by the Bank is Ch$42,230 million (Ch$41,071 million as of December 31, 2016).

 

In 2017, the Bank earned income of Ch$5,844 million (Ch$5,914 million in 2016) renting out their investment properties.  In the same period the Bank incurred corresponding expenses of Ch$2,587 million and Ch$2,806 million per year in 2016 and 2017.