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v3.19.1

Segment Reporting (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Segment Reporting |
Segment Reporting |
|  | As of December 31, 2016
|  |  |  |  |  |  |  |  |  |  |  | Reclassifications |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  | and adjustments to |  |  |  |
|  | Retail |  | Wholesale |  | Treasury |  | Subsidiaries |  | Subtotal |  | conform IFRS |  |  |  | Total
|  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | Note |  | MCh$
Net interest income |  | 873,669 |  | 346,829 |  | 4,207 |  | (4,337) |  | 1,220,368 |  | 6,365 |  |  |  | 1,226,733
Net fees and commissions income |  | 170,529 |  | 42,202 |  | (2,473) |  | 121,383 |  | 331,641 |  | (10,370) |  |  |  | 321,271
Other operating income |  | 93,135 |  | 33,322 |  | 44,754 |  | 23,923 |  | 195,134 |  | (25,579) |  |  |  | 169,555
Total operating revenue |  | 1,137,333 |  | 422,353 |  | 46,488 |  | 140,969 |  | 1,747,143 |  | (29,584) |  | (1) |  | 1,717,559
Provisions for loan losses |  | (301,491) |  | (8,243) |  | ― |  | (1) |  | (309,735) |  | 50,472 |  | (2) |  | (259,263)
Depreciation and amortization |  | (25,229) |  | (4,912) |  | (172) |  | (2,976) |  | (33,289) |  | (2,286) |  | (3) |  | (35,575)
Other operating expenses |  | (504,041) |  | (152,859) |  | (5,596) |  | (104,847) |  | (767,343) |  | 15,871 |  | (4) |  | (751,472)
Income attributable to associates |  | 3,078 |  | 914 |  | 79 |  | 442 |  | 4,513 |  | (499) |  |  |  | 4,014
Income before income taxes |  | 309,650 |  | 257,253 |  | 40,799 |  | 33,587 |  | 641,289 |  | 33,974 |  |  |  | 675,263
Income taxes |  |  |  |  |  |  |  |  |  | (89,040) |  | (11,172) |  | (5) |  | (100,212)
Income after income taxes |  |  |  |  |  |  |  |  |  | 552,249 |  | 22,802 |  |  |  | 575,051
Assets |  | 15,198,634 |  | 11,526,685 |  | 4,121,333 |  | 535,727 |  | 31,382,379 |  | (208,655) |  |  |  | 31,173,724
Current and deferred taxes |  |  |  |  |  |  |  |  |  | 288,370 |  | (104,790) |  |  |  | 183,580
Total assets |  |  |  |  |  |  |  |  |  | 31,670,749 |  | (313,445) |  | (6) |  | 31,357,304
Liabilities |  | 10,234,712 |  | 10,277,326 |  | 7,880,847 |  | 390,453 |  | 28,783,338 |  | (733,708) |  |  |  | 28,049,630
Current and deferred taxes |  |  |  |  |  |  |  |  |  | ― |  | ― |  |  |  | ―
Total liabilities |  |  |  |  |  |  |  |  |  | 28,783,338 |  | (733,708) |  | (7) |  | 28,049,630
Reclassifications and adjustments to conform IFRS
| (1) |  | The total effect due to the elimination adjustments to conform the total operating revenue is MCh$(12,349). In addition the total effect of IFRS adjustments is MCh$(17,235) which mainly stems from the reclassification of interest on repurchase agreements and suspended interest recognition.
| (2) |  | The total effect relates to IFRS adjustments of MCh$50,472, which mainly stems from differing allowances for loan losses.
| (3) |  | The total effect relates to IFRS adjustments of MCh$(2,286), which stems from the amortization of intangibles and depreciation of property and equipment acquired through business combinations.
| (4) |  | The total effect due to the elimination adjustments to conform other operating expenses is MCh$12,349. In addition the total effect of IFRS adjustments is MCh$3,522, which represents reversal of write-offs of assets received in lieu of payments.
| (5) |  | The total effect relates to IFRS adjustments of MCh$(11,172), which stems from deferred taxes.
| (6) |  | The total effect due to the elimination adjustments to conform the consolidated financial position data in assets is MCh$(137,201). In addition the total effect of IFRS adjustments in assets is MCh$(176,244), which mainly stems from deviating allowances for loan losses, the acquisition of Citibank Chile and deferred taxes effects and settlement of transactions in the course of collection.
| (7) |  | The total effect due to the elimination adjustments to conform the consolidated financial position data in liabilities is MCh$(137,201). In addition the total effect of IFRS adjustments in liabilities is MCh$(596,507), which mainly stems from provision for minimum dividends and differing allowances for loan losses.
|  | As of December 31, 2017
|  |  |  |  |  |  |  |  |  |  |  | Reclassifications |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  | and adjustments |  |  |  |
|  | Retail |  | Wholesale |  | Treasury |  | Subsidiaries |  | Subtotal |  | to conform IFRS |  |  |  | Total
|  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | Note |  | MCh$
Net interest income |  | 930,539 |  | 322,431 |  | (21,169) |  | (4,336) |  | 1,227,465 |  | 7,230 |  |  |  | 1,234,695
Net fees and commissions income |  | 184,049 |  | 43,443 |  | (4,306) |  | 135,987 |  | 359,173 |  | (11,499) |  |  |  | 347,674
Other operating income |  | 19,095 |  | 34,712 |  | 56,328 |  | 26,884 |  | 137,019 |  | (31,846) |  |  |  | 105,173
Total operating revenue |  | 1,133,683 |  | 400,586 |  | 30,853 |  | 158,535 |  | 1,723,657 |  | (36,115) |  | (1) |  | 1,687,542
Provisions for loan losses |  | (256,262) |  | 21,415 |  | — |  | (135) |  | (234,982) |  | 13,727 |  | (2) |  | (221,255)
Depreciation and amortization |  | (27,669) |  | (4,547) |  | (141) |  | (2,894) |  | (35,251) |  | (2,285) |  | (3) |  | (37,536)
Other operating expenses |  | (507,771) |  | (153,360) |  | (5,022) |  | (102,281) |  | (768,434) |  | 21,614 |  | (4) |  | (746,820)
Income attributable to associates |  | 4,372 |  | 1,026 |  | 108 |  | 551 |  | 6,057 |  | (546) |  |  |  | 5,511
Income before income taxes |  | 346,353 |  | 265,120 |  | 25,798 |  | 53,776 |  | 691,047 |  | (3,605) |  |  |  | 687,442
Income taxes |  |  |  |  |  |  |  |  |  | (115,034) |  | (327) |  | (5) |  | (115,361)
Income after income taxes |  |  |  |  |  |  |  |  |  | 576,013 |  | (3,932) |  |  |  | 572,081
Assets |  | 16,099,926 |  | 10,558,278 |  | 5,469,829 |  | 637,860 |  | 32,765,893 |  | (388,753) |  |  |  | 32,377,140
Current and deferred taxes |  |  |  |  |  |  |  |  |  | 290,432 |  | (106,135) |  |  |  | 184,297
Total assets |  |  |  |  |  |  |  |  |  | 33,056,325 |  | (494,888) |  | (6) |  | 32,561,437
Liabilities |  | 10,380,250 |  | 10,272,607 |  | 8,815,056 |  | 479,244 |  | 29,947,157 |  | (934,521) |  |  |  | 29,012,636
Current and deferred taxes |  |  |  |  |  |  |  |  |  | 3,453 |  | — |  |  |  | 3,453
Total liabilities |  |  |  |  |  |  |  |  |  | 29,950,610 |  | (934,521) |  | (7) |  | 29,016,089
Reclassifications and adjustments to conform IFRS (1)The total effect due to the elimination adjustments to conform the total operating revenue is MCh$(14,387). In addition the total effect of IFRS adjustments is MCh$(21,728) which mainly stems from the reclassification of interest on repurchase agreements and suspended interest recognition. (2)The total effect relates to IFRS adjustments of MCh$13,727, which mainly stems from differing allowances for loan losses. (3)The total effect relates to IFRS adjustments of MCh$(2,285), which stems from the amortization of intangibles and depreciation of property and equipment acquired through business combinations. (4)The total effect due to the elimination adjustments to conform other operating expenses is MCh$14,387. In addition the total effect of IFRS adjustments is MCh$7,227, which represents reversal of write-offs of assets received in lieu of payments. (5)The total effect relates to IFRS adjustments of MCh$(327), which stems from deferred taxes. (6)The total effect due to the elimination adjustments to conform the consolidated financial position data in assets is MCh$(232,137). In addition the total effect of IFRS adjustments in assets is MCh$(262,751), which mainly stems from deviating allowances for loan losses, the acquisition of Citibank Chile and deferred taxes effects and settlement of transactions in the course of collection. (7)The total effect due to the elimination adjustments to conform the consolidated financial position data in liabilities is MCh$(232,137). In addition the total effect of IFRS adjustments in liabilities is MCh$(702,384), which mainly stems from provision for minimum dividends and differing allowances for loan losses.
|  | As of December 31, 2018
|  |  |  |  |  |  |  |  |  |  |  | Reclassifications |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  | and adjustments |  |  |  |
|  | Retail |  | Wholesale |  | Treasury |  | Subsidiaries |  | Subtotal |  | to conform IFRS |  |  |  | Total
|  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | Note |  | MCh$
Net interest income |  | 969,910 |  | 357,712 |  | (2,414) |  | (8,995) |  | 1,316,213 |  | 4,764 |  |  |  | 1,320,977
Net fees and commissions income |  | 184,545 |  | 45,905 |  | (4,031) |  | 145,704 |  | 372,123 |  | (12,168) |  |  |  | 359,955
Other operating income |  | 43,290 |  | 59,376 |  | 63,929 |  | 33,341 |  | 199,936 |  | (34,798) |  |  |  | 165,138
Total operating revenue |  | 1,197,745 |  | 462,993 |  | 57,484 |  | 170,050 |  | 1,888,272 |  | (42,202) |  | (1) |  | 1,846,070
Provisions for loan losses |  | (287,165) |  | 5,637 |  | ― |  | 118 |  | (281,410) |  | 30,087 |  | (2) |  | (251,323)
Depreciation and amortization |  | (29,571) |  | (5,008) |  | (91) |  | (3,011) |  | (37,681) |  | ― |  |  |  | (37,681)
Other operating expenses |  | (561,512) |  | (152,921) |  | (4,693) |  | (105,906) |  | (825,032) |  | 24,557 |  | (3) |  | (800,475)
Income attributable to associates |  | 5,450 |  | 1,224 |  | 119 |  | 462 |  | 7,255 |  | (444) |  |  |  | 6,811
Income before income taxes |  | 324,947 |  | 311,925 |  | 52,819 |  | 61,713 |  | 751,404 |  | 11,998 |  |  |  | 763,402
Income taxes |  |  |  |  |  |  |  |  |  | (156,531) |  | (3,237) |  | (4) |  | (159,768)
Income after income taxes |  |  |  |  |  |  |  |  |  | 594,873 |  | 8,761 |  |  |  | 603,634
Assets |  | 16,425,068 |  | 10,592,117 |  | 8,093,850 |  | 925,440 |  | 36,036,475 |  | (612,545) |  |  |  | 35,423,930
Current and deferred taxes |  |  |  |  |  |  |  |  |  | 278,599 |  | (85,082) |  |  |  | 193,517
Total assets |  |  |  |  |  |  |  |  |  | 36,315,074 |  | (697,627) |  | (5) |  | 35,617,447
Liabilities |  | 10,369,534 |  | 9,873,018 |  | 11,982,709 |  | 764,736 |  | 32,989,997 |  | (1,067,190) |  |  |  | 31,922,807
Current and deferred taxes |  |  |  |  |  |  |  |  |  | 20,924 |  | ― |  |  |  | 20,924
Total liabilities |  |  |  |  |  |  |  |  |  | 33,010,921 |  | (1,067,190) |  | (6) |  | 31,943,731
Reclassifications and adjustments to conform IFRS
| (1) |  | The total effect due to the elimination adjustments to conform the total operating revenue is MCh$(14,989). In addition the total effect of IFRS adjustments is MCh$(27,213) which mainly stems from the reclassification of interest on repurchase agreements and suspended interest recognition.
| (2) |  | The total effect relates to IFRS adjustments of MCh$30,087, which mainly stems from differing allowances for loan losses.
| (3) |  | The total effect due to the elimination adjustments to conform other operating expenses is MCh$14,989. In addition the total effect of IFRS adjustments is MCh$9,568, which mainly represents reversal of write-offs of assets received in lieu of payments.
| (4) |  | The total effect relates to IFRS adjustments of MCh$(3,237), which stems from deferred taxes.
| (5) |  | The total effect due to the elimination adjustments to conform the consolidated financial position data in assets is MCh$(388,615). In addition the total effect of IFRS adjustments in assets is MCh$(309,012), which mainly stems from deviating allowances for loan losses, the acquisition of Citibank Chile and deferred taxes effects and settlement of transactions in the course of collection.
| (6) |  | The total effect due to the elimination adjustments to conform the consolidated financial position data in liabilities is MCh$(388,615). In addition the total effect of IFRS adjustments in liabilities is MCh$(678,575), which mainly stems from provision for minimum dividends and differing allowances for loan losses.

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