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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2017
USD ($)
Dec. 31, 2017
CLP ($)
Dec. 31, 2016
CLP ($)
Dec. 31, 2015
CLP ($)
CASH FLOWS FROM OPERATING ACTIVITIES:        
Income for the year $ 929,563 $ 572,081 $ 575,051 $ 609,905
Items that do not represent cash flows:        
Depreciation and amortization 60,992 37,536 35,575 31,822
Impairment property and equipment 270 166 274 263
Provision for loan losses 441,061 271,442 306,214 306,339
Provision financial guarantees (1,154) (710) (109) (7,168)
Fair value adjustment of financial assets held-for-trading 2,623 1,614 (2,394) 1,273
Provision for deferred income taxes 23,259 14,314 (35,202) (34,952)
Income attributable to associates (8,955) (5,511) (4,019) (3,243)
Net gain on sales of assets received in lieu of payment (3,154) (1,941) (2,978) (1,569)
Net gain loss on sales of property and equipment (1,012) (623) (183) (204)
Other charges (credits) to income that do not represent cash flows 882 543 (14,139) (2,868)
(Gain) loss from foreign exchanges transactions of other assets and other liabilities 62,353 38,374 28,892 (545,380)
Other adjustments in interest and fee accruals (88,221) (54,294) (147,643) 132,751
Changes in assets and liabilities that affect operating cash flows:        
(Increase) decrease in loans and advances to banks, net 672,002 413,570 221,556 (239,618)
(Increase) decrease in loans to customers, net (751,277) (462,358) (1,035,767) (2,723,991)
(Increase) decrease in financial assets held-for-trading, net (180,256) (110,935) (512,572) (550,295)
Increase (decrease) in current accounts and other demand deposits 965,676 594,306 (4,529) 1,392,434
Increase (decrease) in payables from repurchase agreements and security lending (33,268) (20,474) 21,725 (59,374)
Increase (decrease) in savings accounts and time deposits (716,855) (441,174) 635,156 189,893
(Increase) decrease in other operating assets and liabilities 21,055 12,958 86,771 (143,504)
Proceeds from sale of assets received in lieu of payment 22,227 13,679 10,860 7,769
Total cash flows from operating activities 1,417,811 872,563 162,539 (1,639,717)
CASH FLOWS FROM INVESTING ACTIVITIES:        
(Increase) decrease in financial assets available-for-sale (1,856,907) (1,142,796) 563,457 605,772
Purchases of property and equipment (37,736) (23,224) (27,819) (31,476)
Proceeds from sales of property and equipment 1,059 652 220 575
Purchase of intangible assets (30,514) (18,779) (11,248) (8,519)
Investment in other companies     (1,129) (314)
(Increase) decrease in other assets and liabilities     (867) 750
Dividends received from investments in other companies 786 484 667 663
Total cash flows from investing activities (1,923,312) (1,183,663) 523,281 567,451
CASH FLOWS FROM FINANCING ACTIVITIES:        
Increase (decrease) in borrowings from financial institutions 251,128 154,552 (489,157) 430,098
Increase (decrease) in other financial obligations (73,019) (44,938) 17,467 (9,593)
Increase (decrease) in borrowings from Central Bank (3) (2) (3) (3)
Other long-term borrowings 13 8 17,808 13,803
Payment of other long-term borrowings (5,442) (3,349) (21,359) (17,744)
Repayment of mortgage finance bonds (9,454) (5,818) (8,552) (13,059)
Proceeds from bond issuances 958,764 590,052 887,185 1,342,224
Proceeds from commercial papers (short-term bonds) 1,314,445 808,949 532,852 1,128,183
Redemption from bond issuances (1,665,109) (1,024,758) (1,281,182) (1,292,647)
Dividends paid (555,764) (342,034) (366,654) (367,445)
Total cash flows from financing activities 215,559 132,662 (711,595) 1,213,817
TOTAL NET POSITIVE (NEGATIVE) CASH FLOWS FOR THE YEAR (289,942) (178,438) (25,775) 141,551
Net effect of exchange rate changes on cash and cash equivalents (62,353) (38,374) (28,892) 78,152
Cash and cash equivalents at beginning of year 2,689,518 1,655,210 1,709,877 1,490,174
Cash and cash equivalents at end of year 2,337,223 1,438,398 1,655,210 1,709,877
Supplemental disclosure of cash flow information:        
Income taxes (paid) received 22,506 13,851 (18,012) (13,659)
Interest received (3,133,619) (1,928,523) (1,816,477) (1,687,598)
Interest paid $ (1,224,151) $ (753,379) $ (737,387) $ (335,714)