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Risk Management (Tables)

12 Months Ended

Dec. 31, 2017

Risk Management

Schedule of credit risk exposure per balance sheet item, including derivatives, detailed by both geographic region and industry sector

The following tables show credit risk exposure per balance sheet item, including derivatives, detailed by both geographic region and industry sector as of December 31, 2016:

		Chile		United States		Brazil		Other		Total
		MCh$		MCh$		MCh$		MCh$		MCh$
Financial Assets
Cash and Due from Banks		792,398		533,765		11		81,993		1,408,167
Financial Assets held-for-trading
From the Chilean Government and Central Bank of Chile		482,346		—		—		—		482,346
Other instruments issued in Chile		897,227		—		—		—		897,227
Instruments issued abroad		—		385		—		—		385
Subtotal		1,379,573		385		—		—		1,379,958
Cash collateral on securities borrowed and reverse repurchase agreements		55,703		—		—		—		55,703
Derivative Contracts for Trading Purposes
Forwards		128,404		12,177		—		23,135		163,716
Swaps		462,501		105,408		—		141,182		709,091
Call Options		1,558		—		—		—		1,558
Put Options		1,584		—		—		—		1,584
Futures		—		—		—		—		—
Others		—		—		—		—		—
Subtotal		594,047		117,585		—		164,317		875,949
Hedge Derivative Contracts
Forwards		—		—		—		—		—
Swaps		1		16,836		—		46,863		63,700
Call Options		—		—		—		—		—
Put Options		—		—		—		—		—
Futures		—		—		—		—		—
Others		—		—		—		—		—
Subtotal		1		16,836		—		46,863		63,700
Loans and advances to Banks (before allowances)
Central Bank of Chile		700,341		—		—		—		700,341
Domestic banks		208,403		—		—		—		208,403
Foreign banks		—		—		122,913		141,789		264,702
Subtotal		908,744		—		122,913		141,789		1,173,446
Loans to Customers (before allowances for loans losses)
Commercial loans		14,388,657		—		14,075		96,303		14,499,035
Residential mortgage loans		6,924,766		—		—		—		6,924,766
Consumer loans		3,974,623		—		—		—		3,974,623
Subtotal		25,288,046				14,075		96,303		25,398,424
Financial Assets Available-for-Sale
From the Chilean Government and Central Bank of Chile		59,200		—		—		—		59,200
Other instruments issued in Chile		314,043		—		—		—		314,043
Instruments issued abroad		—		—		—		1,227		1,227
Subtotal		373,243		—		—		1,227		374,470
Financial assets held-to-Maturity		—		—		—		—		—

		Financial Services		Chilean Central Bank		Government		Retail (Individuals)		Trade		Manufacturing		Mining		Electricity, Gas and Water		Agriculture and Livestock		Fishing		Transportation and Telecom		Construction		Services		Other		Total
		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Financial Assets
Cash and Due from Banks		1,289,666		118,501		—		—		—		—		—		—		—		—		—		—		—		—		1,408,167
Financial Assets held-for-trading
From the Chilean Government and Central Bank of Chile		—		423,565		58,781		—		—		—		—		—		—		—		—		—		—		—		482,346
Other instruments issued in Chile		897,227		—		—		—		—		—		—		—		—		—		—		—		—		—		897,227
Instruments issued abroad		385		—		—		—		—		—		—		—		—		—		—		—		—		—		385
Subtotal		897,612		423,565		58,781		—		—		—		—		—		—		—		—		—		—		—		1,379,958
Cash collateral on securities borrowed and reverse repurchase Agreements Payables		6,280		—		—		—		20,154		6,259		2,978		14,236		19		531		3,800		—		—		1,446		55,703
Derivative Contracts for Trading Purposes
Forwards		80,886		—		—		—		4,698		4,651		179		121		182		7		403		12		72,577		—		163,716
Swaps		627,621		—		—		—		30,806		2,910		28,864		9,488		5,234		353		—		2,007		1,808		—		709,091
Call Options		732		—		—		—		451		285		—		—		90		—		—		—		—		—		1,558
Put Options		835		—		—		—		591		153		—		—		2		—		—		—		3		—		1,584
Futures		—		—		—		—		—		—		—		—		—		—		—		—		—		—		—
Subtotal		710,074		—		—		—		36,546		7,999		29,043		9,609		5,508		360		403		2,019		74,388		—		875,949
Hedge Derivative Contracts
Forwards		—		—		—		—		—		—		—		—		—		—		—		—		—		—		—
Swaps		63,700		—		—		—		—		—		—		—		—		—		—		—		—		—		63,700
Call Options		—		—		—		—		—		—		—		—		—		—		—		—		—		—		—
Put Options		—		—		—		—		—		—		—		—		—		—		—		—		—		—		—
Futures		—		—		—		—		—		—		—		—		—		—		—		—		—		—		—
Subtotal		63,700		—		—		—		—		—		—		—		—		—		—		—		—		—		63,700
Loans and advances to Banks
Central Bank of Chile		—		700,341		—		—		—		—		—		—		—		—		—		—		—		—		700,341
Domestic banks		208,403		—		—		—		—		—		—		—		—		—		—		—		—		—		208,403
Foreign banks		264,702		—		—		—		—		—		—		—		—		—		—		—		—		—		264,702
Subtotal		473,105		700,341		—		—		—		—		—		—		—		—		—		—		—		—		1,173,446
Loans to Customers, Net
Commercial loans		2,116,203		—		—		—		2,243,474		1,561,737		432,822		566,438		1,184,869		264,042		1,636,994		1,647,862		1,937,428		907,166		14,499,035
Residential mortgage loans		—		—		—		6,924,766		—		—		—		—		—		—		—		—		—		—		6,924,766
Consumer loans		—		—		—		3,974,623		—		—		—		—		—		—		—		—		—		—		3,974,623
Subtotal		2,116,203		—		—		10,899,389		2,243,474		1,561,737		432,822		566,438		1,184,869		264,042		1,636,994		1,647,862		1,937,428		907,166		25,398,424
Financial Assets Available-for-Sale
From the Chilean Government and Central Bank of Chile		—		20,944		38,256		—		—		—		—		—		—		—		—		—		—		—		59,200
Other instruments issued in Chile		191,620		—		—		—		52,638		—		7,943		10,690		51,152		—		—		—		—		—		314,043
Instruments issued abroad		1,227		—		—		—		—		—		—		—		—		—		—		—		—		—		1,227
Subtotal		192,847		20,944		38,256		—		52,638		—		7,943		10,690		51,152		—		—		—		—		—		374,470
Financial assets held-to-Maturity		—		—		—		—		—		—		—		—		—		—		—		—		—		—		—

The following tables show credit risk exposure per balance sheet item, including derivatives, detailed by both geographic region and industry sector as of December 31, 2017:

		Chile		United States		Brazil		Other		Total
		MCh$		MCh$		MCh$		MCh$		MCh$
Financial Assets
Cash and Due from Banks		695,213		271,564		—		90,616		1,057,393
Financial Assets held-for-trading
From the Chilean Government and Central Bank of Chile		1,317,164		—		—		—		1,317,164
Other instruments issued in Chile		221,092		—		—		—		221,092
Instruments issued abroad		—		322		—		—		322
Subtotal		1,538,256		322		—		—		1,538,578
Cash collateral on securities borrowed and reverse repurchase agreements		91,641		—		—		—		91,641
Derivative Contracts for Trading Purposes
Forwards		392,130		23,162		—		91,322		506,614
Swaps		472,492		79,614		—		158,017		710,123
Call Options		514		—		—		—		514
Put Options		2,841		—		—		—		2,841
Futures		—		—		—		—		—
Others		—		—		—		—		—
Subtotal		867,977		102,776		—		249,339		1,220,092
Hedge Derivative Contracts
Forwards		—		—		—		—		—
Swaps		—		8,632		—		19,217		27,849
Call Options		—		—		—		—		—
Put Options		—		—		—		—		—
Futures		—		—		—		—		—
Others		—		—		—		—		—
Subtotal		—		8,632		—		19,217		27,849
Loans and advances to Banks (before allowances)
Central Bank of Chile		350,916		—		—		—		350,916
Domestic banks		120,017		—		—		—		120,017
Foreign banks		—		—		158,524		130,828		289,352
Subtotal		470,933		—		158,524		130,828		760,285
Loans to Customers (before allowances for loans losses)
Commercial loans		13,902,516		—		—		58,302		13,960,818
Residential mortgage loans		7,477,236		—		—		—		7,477,236
Consumer loans		4,013,459		—		—		—		4,013,459
Subtotal		25,393,211		—		—		58,302		25,451,513
Financial Assets Available-for-Sale
From the Chilean Government and Central Bank of Chile		356,368		—		—		—		356,368
Other instruments issued in Chile		1,168,913		—		—		—		1,168,913
Instruments issued abroad		—		—		—		1,034		1,034
Subtotal		1,525,281		—		—		1,034		1,526,315
Financial assets held-to-Maturity		—		—		—		—		—

		Financial Services		Chilean Central Bank		Government		Retail (Individuals)		Trade		Manufacturing		Mining		Electricity, Gas and Water		Agriculture and Livestock		Fishing		Transportation and Telecom		Construction		Services		Other		Total
		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Financial Assets
Cash and Due from Banks		894,972		162,421		—		—		—		—		—		—		—		—		—		—		—		—		1,057,393
Financial Assets held-for-trading
From the Chilean Government and Central Bank of Chile		—		1,062,558		254,606		—		—		—		—		—		—		—		—		—		—		—		1,317,164
Other instruments issued in Chile		221,092		—		—		—		—		—		—		—		—		—		—		—		—		—		221,092
Instruments issued abroad		322		—		—		—		—		—		—		—		—		—		—		—		—		—		322
Subtotal		221,414		1,062,558		254,606		—		—		—		—		—		—		—		—		—		—		—		1,538,578
Cash collateral on securities borrowed and reverse repurchase Agreements Payables		32,555		—		2,576		—		24,717		—		12,522		7,464		13		672		7,382		—		3,740				91,641
Derivative Contracts for Trading Purposes
Forwards		245,873		—		—		—		7,666		9,860		2,561		84		54		219		2,368		29		237,900		—		506,614
Swaps		643,735		—		—		—		44,773		5,563		839		4,679		2,862		9		7,244		—		419		—		710,123
Call Options		269		—		—		—		32		90		—		—		67		—		52		1		3		—		514
Put Options		734		—		—		—		1,432		396		—		—		222		—		—		11		46		—		2,841
Futures		—		—		—		—		—		—		—		—		—		—		—		—		—		—		—
Subtotal		890,611		—		—		—		53,903		15,909		3,400		4,763		3,205		228		9,664		41		238,368		—		1,220,092
Hedge Derivative Contracts
Forwards		—		—		—		—		—		—		—		—		—		—		—		—		—		—		—
Swaps		27,849		—		—		—		—		—		—		—		—		—		—		—		—		—		27,849
Call Options		—		—		—		—		—		—		—		—		—		—		—		—		—		—		—
Put Options		—		—		—		—		—		—		—		—		—		—		—		—		—		—		—
Futures		—		—		—		—		—		—		—		—		—		—		—		—		—		—		—
Subtotal		27,849		—		—		—		—		—		—		—		—		—		—		—		—		—		27,849
Loans and advances to Banks
Central Bank of Chile		—		350,916		—		—		—		—		—		—		—		—		—		—		—		—		350,916
Domestic banks		120,017		—		—		—		—		—		—		—		—		—		—		—		—		—		120,017
Foreign banks		289,352		—		—		—		—		—		—		—		—		—		—		—		—		—		289,352
Subtotal		409,369		350,916		—		—		—		—		—		—		—		—		—		—		—		—		760,285
Loans to Customers, Net
Commercial loans		1,851,649		—		—		—		2,035,129		1,399,692		422,176		565,695		1,354,069		145,266		1,612,930		1,493,373		1,964,238		1,116,601		13,960,818
Residential mortgage loans		—		—		—		7,477,236		—		—		—		—		—		—		—		—		—		—		7,477,236
Consumer loans		—		—		—		4,013,459		—		—		—		—		—		—		—		—		—		—		4,013,459
Subtotal		1,851,649		—		—		11,490,695		2,035,129		1,399,692		422,176		565,695		1,354,069		145,266		1,612,930		1,493,373		1,964,238		1,116,601		25,451,513
Financial Assets Available-for-Sale
From the Chilean Government and Central Bank of Chile		—		207,474		148,894		—		—		—		—		—		—		—		—		—		—		—		356,368
Other instruments issued in Chile		1,106,003		—		—		—		31,833		8,589		7,662		2,883		6,972		—		4,971		—		—		—		1,168,913
Instruments issued abroad		1,034		—		—		—		—		—		—		—		—		—		—		—		—		—		1,034
Subtotal		1,107,037		207,474		148,894		—		31,833		8,589		7,662		2,883		6,972		—		4,971		—		—		—		1,526,315
Financial assets held-to-Maturity		—		—		—		—		—		—		—		—		—		—		—		—		—		—		—

Schedule of guarantee values

				Fair value of collateral and credit enhancements held as of December 31, 2016
		Maximum exposure to credit risk		Mortgages		Pledge (*)		Securities		Warrants		Others		Net collateral		Net exposure
Loans to customers:		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Corporate lending		10,663,260		2,240,502		69,466		442,285		3,493		349,560		3,105,306		7,557,954
Small business lending		3,835,775		2,301,924		32,138		27,461		—		54,534		2,416,057		1,419,718
Consumer lending		3,974,623		252,984		1,096		2,492		—		17,352		273,924		3,700,699
Mortgage lending		6,924,766		6,419,357		69		252		—		—		6,419,678		505,088
Total		25,398,424		11,214,767		102,769		472,490		3,493		421,446		12,214,965		13,183,459

				Fair value of collateral and credit enhancements held as of December 31, 2017
		Maximum exposure to credit risk		Mortgages		Pledge (*)		Securities		Warrants		Others		Net collateral		Net exposure
Loans to customers:		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Corporate lending		9,775,740		2,269,716		72,893		438,595		3,381		243,961		3,028,546		6,747,194
Small business lending		4,185,078		2,543,343		28,699		32,034		—		58,255		2,662,331		1,522,747
Consumer lending		4,013,459		283,091		938		1,776		—		18,594		304,399		3,709,060
Mortgage lending		7,477,236		6,922,454		90		267		—		—		6,922,811		554,425
Total		25,451,513		12,018,604		102,620		472,672		3,381		320,810		12,918,087		12,533,426

(*)  Includes agricultural and industrial pledges and pledges without conveyance.

Schedule of credit quality by asset class, based on the Bank's credit rating system

As of December 31, 2016

		Individual Portfolio						Group Portfolio
		Normal		Substandard		Non- complying		Normal		Non- complying		Total
		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Financial Assets
Loans and advances to banks
Central Bank of Chile		700,341		—		—		—		—		700,341
Domestic banks		208,403		—		—		—		—		208,403
Foreign banks		264,702		—		—		—		—		264,702
Total		1,173,446		—		—		—		—		1,173,446
Loans to customers (before allowances for loan losses)
Commercial loans		11,390,263		196,815		201,790		2,518,008		192,159		14,499,035
Residential mortgage loans		—		—		—		6,784,614		140,152		6,924,766
Consumer loans		—		—		—		3,723,550		251,073		3,974,623
Total		11,390,263		196,815		201,790		13,026,172		583,384		25,398,424

As of December 31, 2017

		Individual Portfolio						Group Portfolio
		Normal		Substandard		Non- complying		Normal		Non- complying		Total
		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Financial Assets
Loans and advances to banks
Central Bank of Chile		350,916		—		—		—		—		350,916
Domestic banks		120,017		—		—		—		—		120,017
Foreign banks		289,352		—		—		—		—		289,352
Total		760,285		—		—		—		—		760,285
Loans to customers (before allowances for loan losses)
Commercial loans		10,585,946		101,253		161,914		2,908,182		203,523		13,960,818
Residential mortgage loans		—		—		—		7,316,969		160,267		7,477,236
Consumer loans		—		—		—		3,760,472		252,987		4,013,459
Total		10,585,946		101,253		161,914		13,985,623		616,777		25,451,513

Schedule of conciliation between Normal and Impaired Portfolio and classification criteria of impaired loans

		December		December
		2016		2017
		MCh$		MCh$
Individual Portfolio
Substandard (categories B1 — B4)		196,815		101,253
Non-complying (categories C1 — C6)		201,790		161,914
Group Portfolio
Non-complying		583,384		616,777
Total substandard and non-complying categories (from B1 to C6)		981,989		879,944
Total impaired loans (categories B3 — C6)		(868,077	)	(780,818	)
Normal portfolio (categories B1 — B2)		113,912		99,126

Schedule of classification criteria of impaired loans

As of December 31, 2016:

				Default
		1 to 29 days		30 to 59 days		60 to 89 days
		MCh$		MCh$		MCh$
Loans and advances to banks		18,495		—		—
Subtotal past-due loans and advances to banks		18,495		—		—
Commercial loans		133,959		41,561		17,512
Import-export financing		16,621		1,195		146
Factoring transactions		32,603		4,677		641
Commercial lease transactions		46,802		8,683		5,638
Other loans and receivables		1,482		703		284
Residential mortgage loans		142,663		46,908		24,729
Consumer loans		222,041		95,934		37,218
Subtotal past-due loans to customers		596,171		199,661		86,168
Total		614,666		199,661		86,168

As of December 31, 2017:

				Default
		1 to 29 days		30 to 59 days		60 to 89 days
		MCh$		MCh$		MCh$
Loans and advances to banks		6,880		—		—
Subtotal past-due loans and advances to banks		6,880		—		—
Commercial loans		183,374		34,457		53,224
Import-export financing		19,628		2,403		647
Factoring transactions		30,204		3,723		748
Commercial lease transactions		52,365		12,407		2,144
Other loans and receivables		1,195		599		724
Residential mortgage loans		143,619		56,422		26,365
Consumer loans		203,692		91,928		38,320
Subtotal past-due loans to customers		634,077		201,939		122,172
Total		640,957		201,939		122,172

Schedule of aging analysis of loans

				Past due but not impaired(*)
		Neither past due or impaired		Up to 30 days		Over 30 days and up to 60 days		Over 60 days and up to 90 days		Over 90 days		Total
As of December 31,		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
2016		23,870,700		499,875		126,178		32,936		658		24,530,347
2017		23,972,099		526,809		134,316		37,292		179		24,670,695

(*) These amounts include installments that are overdue, plus the remaining balance of principal and interest on such loans.

Schedule of book value of loans with renegotiated terms

		2016		2017
		MCh$		MCh$
Financial assets
Loans and advances to banks
Domestic banks		—		—
Foreign banks		—		—
Subtotal		—		—
Loans to customers, net
Commercial loans		172,255		191,314
Residential mortgage loans		17,466		17,400
Consumer loans		358,023		367,350
Subtotal		547,744		576,064
Total renegotiated financial assets		547,744		576,064

Schedule of use of MAR

The use of MAR in 2017 is illustrated below (LCCY = local currency; FCCY = foreign currency):

		MAR LCCY + FCCY MMM$				MAR FCCY MMUS$
		1 – 30 days		1 – 90 days		1 – 30 days		1 – 90 days
Maximum		3,306		5,597		1,708		3,048
Minimum		1,847		4,173		436		1,344
Average		2,665		4,954		1,090		2,209

Schedule of use of Cross Currency Funding

The use of Cross Currency Funding within year 2017 is illustrated below:

		Cross Currency Funding MMUS$
Maximum		4,351
Minimum		2,008
Average		2,991

Schedule of financial ratios

As an example, the state of the following ratios along the year 2017 is illustrated below:

		Liquid Assets/ Net Funding <1y		Liabilities>1y/ Assets >1y		Deposits/ Loans
Maximum		95	%	74	%	63	%
Minimum		71	%	72	%	60	%
Average		82	%	73	%	62	%

Schedules for calculation of C46 regulatory information

The use of this index in year 2017 is illustrated below:

		Adjusted C46 All CCYs as % of Tier-1 Capital				Adjusted C46 FCCY as % of Tier-1 Capital
		1 – 30 days		1 – 90 days		1 – 30 days
Maximum		53	%	97	%	36	%
Minimum		32	%	63	%	19	%
Average		43	%	78	%	27	%
Limit		100	%	200	%	100	%

Schedule of the LCR and the NSFR

The state of the LCR and the NSFR along the year 2017 is illustrated below.

		LCR		NSFR
Maximum		1.07		0.99
Minimum		0.69		0.94
Average		0.88		0.97
Regulatory Limit		N/A		N/A

Schedule of contractual maturity of financial liabilities

		Up to 1 month		Between 1 and 3 months		Between 3 and 12 months		Between 1 and 3 years		Between 3 and 5 years		More than 5 years		Total
		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Liabilities as of December 31, 2016
Current accounts and other demand deposits		8,321,148		—		—		—		—		—		8,321,148
Transactions in the course of payment		25,702		—		—		—		—		—		25,702
Instruments sold under repurchase agreements and security lending		209,908		6,821		—		—		—		—		216,729
Savings accounts and time deposits		4,954,428		2,478,148		3,083,258		157,591		589		252		10,674,266
Full delivery derivative transactions		274,760		225,173		872,004		507,086		292,965		617,424		2,789,412
Borrowings from financial institutions		150,396		231,890		526,149		120,672		—		—		1,029,107
Other financial obligations		557		1,034		5,038		18,173		18,401		376		43,579
Debt issued in non-USD foreign currency		104,221		87,840		525,342		1,423,859		1,204,796		4,070,909		7,416,967
Total (excluding non-delivery derivative transactions)		14,041,120		3,030,906		5,011,791		2,227,381		1,516,751		4,688,961		30,516,910
Non - delivery derivative transactions		237,799		171,254		838,475		887,297		196,923		1,096,234		3,427,982

		Up to 1 month		Between 1 and 3 months		Between 3 and 12 months		Between 1 and 3 years		Between 3 and 5 years		More than 5 years		Total
		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Liabilities as of December 31, 2017
Current accounts and other demand deposits		8,915,706		—		—		—		—		—		8,915,706
Transactions in the course of payment		29,871		—		—		—		—		—		29,871
Instruments sold under repurchase agreements and security lending		194,539		750		—		—		—		—		195,289
Savings accounts and time deposits		5,097,833		2,509,694		2,555,579		21,536		311		219		10,185,172
Full delivery derivative transactions		172,323		136,729		1,166,598		937,050		1,582,890		531,309		4,526,899
Borrowings from financial institutions		260,272		242,515		613,159		73,852		—		—		1,189,798
Other financial obligations		295		918		10,921		24,038		686		154		37,012
Debt issued in non-USD foreign currency		47,375		165,359		728,035		1,279,275		1,500,632		3,931,034		7,651,710
Total (excluding non-delivery derivative transactions)		14,718,214		3,055,965		5,074,292		2,335,751		3,084,519		4,462,716		32,731,457
Non - delivery derivative transactions		112,011		100,247		1,141,610		816,847		325,199		1,115,676		3,611,590

Schedule of use of VaR

The use of VaR in 2017 is illustrated below:

		Value-at-Risk 99% confidence level escalated to 1 month MMUS$
Maximum		3.18
Minimum		0.61
Average		1.72

Schedule of use of EaR

The use of EaR within year 2017 is illustrated below:

		12-months Earnings-at-Risk 97.7% confidence level 3 months defeasance period MCh$
Maximum		80,402
Minimum		28,438
Average		60,301

Schedule of banking book interest rate exposure by contractual maturity

		Up to 1 month		Between 1 and 3 months		Between 3 and 12 months		Between 1 and 3 years		Between 3 and 5 years		More than 5 years		Total
		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Assets as of December 31, 2016
Cash and due from banks		1,396,536		—		—		—		—		—		1,396,536
Transactions in the course of collection		189,208		—		—		—		—		—		189,208
Securities borrowed or purchased under agreements to resell		—		—		—		—		—		—		—
Derivative instruments under hedge-accounting treatment		283,576		14,860		170,891		495,340		52,134		502,593		1,519,394
Inter-banking loans		964,250		86,029		136,434		19,777		—		—		1,206,490
Customer loans		4,808,706		3,163,029		5,740,836		5,219,586		2,929,046		8,126,584		29,987,787
Available for sale instruments		6,631		5,505		56,839		137,031		71,657		151,600		429,263
Held-to-maturity instruments		—		—		—		—		—		—		—
Total assets		7,648,907		3,269,423		6,105,000		5,871,734		3,052,837		8,780,777		34,728,678

		Up to 1 month		Between 1 and 3 months		Between 3 and 12 months		Between 1 and 3 years		Between 3 and 5 years		More than 5 years		Total
		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Assets as of December 31, 2017
Cash and due from banks		1,028,014		—		—		—		—		—		1,028,014
Transactions in the course of collection		223,360		—		—		—		—		—		223,360
Securities borrowed or purchased under agreements to resell		19,992		—		—		—		—		—		19,992
Derivative instruments under hedge-accounting treatment		30,328		146,775		225,883		335,756		51,087		539,283		1,329,112
Inter-banking loans		533,101		49,573		150,253		31,920		—		—		764,847
Customer loans		4,669,573		2,595,012		5,636,496		5,619,230		3,089,002		8,591,253		30,200,566
Available for sale instruments		9,134		37,851		950,199		222,522		216,058		169,144		1,604,908
Held-to-maturity instruments		—		—		—		—		—		—		—
Total assets		6,513,502		2,829,211		6,962,831		6,209,428		3,356,147		9,299,680		35,170,799

		Up to 1 month		Between 1 and 3 months		Between 3 and 12 months		Between 1 and 3 years		Between 3 and 5 years		More than 5 years		Total
		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Liabilities as of December 31, 2016
Current accounts and demand deposits		8,354,085		—		—		—		—		—		8,354,085
Transactions in the course of payment		8,841		—		—		—		—		—		8,841
Securities loaned or sold under repurchase agreements		19,901		—		—		—		—		—		19,901
Savings accounts and interest-bearing deposits		5,129,350		2,303,488		3,083,258		157,610		570		252		10,674,528
Derivative instruments under hedge-accounting treatment		2,232		2,616		249,632		659,389		88,029		507,403		1,509,301
Inter-banking borrowings		559,625		359,768		109,873		—		—		—		1,029,266
Long-term debt (*)		104,135		242,016		525,037		1,423,061		1,107,502		4,012,482		7,414,233
Other liabilities		233,372		1,034		5,038		18,173		18,401		376		276,394
Total liabilities		14,411,541		2,908,922		3,972,838		2,258,233		1,214,502		4,520,513		29,286,549

		Up to 1 month		Between 1 and 3 months		Between 3 and 12 months		Between 1 and 3 years		Between 3 and 5 years		More than 5 years		Total
		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Liabilities as of December 31, 2017
Current accounts and demand deposits		8,959,941		—		—		—		—		—		8,959,941
Transactions in the course of payment		—		—		—		—		—		—		—
Securities loaned or sold under repurchase agreements		10,267		—		—		—		—		—		10,267
Savings accounts and interest-bearing deposits		5,294,456		2,317,792		2,555,579		21,536		311		219		10,189,893
Derivative instruments under hedge-accounting treatment		352		3,968		286,519		452,960		75,237		600,507		1,419,543
Inter-banking borrowings		506,703		553,663		129,431		—		—		—		1,189,797
Long-term debt (*)		158,085		266,895		727,798		1,217,226		1,349,337		3,930,440		7,649,781
Other liabilities		146,726		918		10,921		24,038		686		154		183,443
Total liabilities		15,076,530		3,143,236		3,710,248		1,715,760		1,425,571		4,531,320		29,602,665

(*)   Amounts shown are not exactly the same as reported in the liabilities report which is part of the liquidity analysis, due to differences in the treatment of mortgage bonds issued by the Bank in both reports.

Schedule of Adverse scenario market factors fluctuations

Adverse scenario market factors fluctuations
		CLP Derivatives (bps)		CLP Bonds (bps)		CLF Derivatives (bps)		CLF Bonds (bps)		USD Offshore 3m Derivatives (bps)		Spread USD On/Off Derivatives (bps)		Vol FX CLP/USD (%)
3 months		12		22		-465		-468		4		-58		-1.1	%
6 months		16		21		-226		-224		8		-46		-1.0	%
9 months		19		21		-146		-144		11		-38		-0.6	%
1 year		21		22		-139		-137		13		-33		-0.7	%
2 years		24		22		-52		-50		22		-19		-2.2	%
4 years		25		19		-36		-33		31		-19		—
6 years		25		19		-31		-27		33		-19		—
10 years		26		19		-19		-12		35		-21		—
16 years		26		19		-20		-8		35		-22		—
20 years		26		19		-21		-6		35		-22		—

bps = basis points

Schedule of Potential Profit and Loss Impact on Trading Book

The impact on the Trading book as of December 31, 2017 is illustrated below:

Potential P&L Impact Trading Book (MCh$)
CLP Interest Rate				(2,754	)
Derivatives		(529	)
Debt instruments		(2,225	)
CLF Interest Rate				1,498
Derivatives		(1,819	)
Debt instruments		3,317
Interest rate offshore				(482	)
Domestic/offshore interest rate spread				979
Interest rate				(759	)
Foreign Exchange				(128	)
Options				222
Total				(665	)

Schedule of NRFF impact on accrual book for next 12-months

The impact of such fluctuations in the Accrual portfolio for the next 12 months as of December 31, 2017, which is not necessarily a gain/loss but greater/lower net revenue from funds (resulting in net interest rate generation), is illustrated below:

12-Months NRFF(*) IMPACT
ACCRUAL BOOK (MCh$)

Impact due to inter-banking yield curve (swap yield) shock		(151,983	)
Impact due to spreads shock		28,742
Higher / (Lower) NRFF		(123,241	)

(*) Net revenues from funds

Schedule of Potential changes in Available-for-Sale Portfolio OCI Impact

Potential Available-for-Sale Portfolio OCI Impact
Currency		DV01(+1 bp) (US$)		Impact due to interest rate changes (MCh$)
CLP		(228,868	)	(5,009	)
CLF		(117,362	)	(6,740	)
USD		(59,072	)	(3,199	)
Total				(14,948	)

Schedule of risk weighted assets, Basic Capital ratio and Regulatory Capital ratio

		Consolidated assets				Risk-weighted assets
		2016		2017		2016		2017
		MCh$		MCh$		MCh$		MCh$
Balance sheet assets (net of provisions)
Cash and due from banks		1,408,167		1,057,393		21,940		5,699
Transactions in the course of collection		206,972		255,968		53,126		95,210
Financial Assets held-for-trading		1,379,958		1,538,578		211,762		148,641
Cash collateral on securities borrowed and reverse repurchase agreements		55,703		91,641		55,703		91,641
Derivative instruments		939,649		1,247,941		703,211		927,837
Loans and advances to banks		1,173,187		760,021		305,934		312,806
Loans to customers, net		24,843,655		24,955,692		22,024,193		21,908,281
Financial assets available-for-sale		374,470		1,526,315		199,860		325,209
Financial assets held-to-maturity		—		—		—		—
Investments in other companies		30,314		35,771		32,588		38,041
Intangible assets		65,036		72,455		29,341		39,045
Property and equipment		219,082		216,259		219,082		216,259
Investment properties		14,674		14,306		—		—
Current tax assets		6,657		23,032		679		2,303
Deferred tax assets		176,923		161,265		30,603		26,740
Other assets		462,857		604,800		462,185		547,974
Subtotal						24,350,207		24,685,686
Off-balance-sheet assets
Contingent loans		4,154,890		3,972,260		2,491,879		2,382,653
Total risk-weighted assets						26,842,086		27,068,339

		As of December 31, 2016				As of December 31, 2017
		MCh$		%		MCh$		%
TIER 1 Capital (*)		2,887,410		8.09		3,105,714		8.39
TIER 2 Equity		3,729,427		13.89		3,934,727		14.54

(*)  TIER 1 Capital corresponds to equity attributable to equity holders in the Statement of Consolidated Financial Position

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Analysis of the age of financial assets that are past due but not impaired. [Refer: Financial assets]

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The disclosure of the credit risk exposure. Credit risk exposure is the credit risk inherent in an entity’s financial assets and commitments to extend credit.

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The disclosure of internal credit grades. [Refer: Internal credit grades [member]]

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