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Employee Benefits (Tables)

12 Months Ended

Dec. 31, 2017

Employee Benefits

Schedule of provisions for personnel benefits and payroll

		2016		2017
		MCh$		MCh$

Short-term personnel benefits (a.2)		37,868		41,728
Vacation accrual (a.3)		25,539		25,159
Employee defined benefit plan (a.1)(*)		8,851		7,676
Other Benefits		11,087		12,065

Total		83,345		86,628

(*) See Note No. 2 (ac) (iii)

Schedule of employee defined benefit plan

		2016		2017
		MCh$		MCh$

Current service cost		59		(86	)
Interest cost on benefit obligation		369		343
Actuarial gains and losses		(169	)	(164	)

Net benefit expense		259		93

Schedule of principal assumptions used in determining pension obligations for the Bank's plan

		December 31,		December 31,
		2016		2017
		%		%

Discount rate		4.29		4.53
Annual salary increase		4.56		4.14
Payment probability		99.99		99.99

Schedule of changes in the present value of the defined benefit obligation

		2016		2017
		MCh$		MCh$

Opening defined benefit obligation, January 1,		10,728		8,851
Contributions by the employer		428		257
Benefits paid		(2,136	)	(1,268	)
Actuarial gains and losses		(169	)	(164	)

Closing defined benefit obligation		8,851		7,676

Schedule of changes in provisions for incentive plans

		2016		2017
		MCh$		MCh$

Balances as of January 1,		34,307		37,868
Provisions established		37,339		36,171
Provisions used		(33,778	)	(32,311	)
Provisions released		—		—

Balances as of December 31,		37,868		41,728

Schedule of changes in provisions for vacation

		2016		2017
		MCh$		MCh$

Balances as of January 1,		25,480		25,539
Provisions established		5,932		5,626
Provisions used		(5,873	)	(6,006	)
Provisions released		—		—

Balances as of December 31,		25,539		25,159