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Risk Management (Tables) | 12 Months Ended
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Dec. 31, 2018
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, 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 |  | — |  | — |  | — |  | — |  | —
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) |  |  |  |  |  |  |  |  |  |
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 |  | 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
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Electricity, |  | Agriculture |  |  |  |  |  |  |  |  |  |  |  |
|  | Financial |  | Chilean |  |  |  | Retail |  |  |  |  |  |  |  | Gas and |  | and |  |  |  | Transportation |  |  |  |  |  |  |  |
|  | Services |  | Central Bank |  | Government |  | (Individuals) |  | Trade |  | Manufacturing |  | Mining |  | Water |  | Livestock |  | Fishing |  | 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 |  | — |  | 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
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, 2018:
|  | Chile |  | United States |  | Brazil |  | Other |  | Total
|  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$
Financial Assets |  |  |  |  |  |  |  |  |  |
Cash and Due from Banks |  | 773,368 |  | 69,343 |  | — |  | 37,370 |  | 880,081
Financial Assets held-for-trading |  |  |  |  |  |  |  |  |  |
From the Chilean Government and Central Bank of Chile |  | 1,523,472 |  | — |  | — |  | — |  | 1,523,472
Other instruments issued in Chile |  | 129,607 |  | — |  | — |  | — |  | 129,607
Instruments issued abroad |  | — |  | 4,446 |  | — |  | — |  | 4,446
Mutual fund investment |  | 87,841 |  | — |  | — |  | — |  | 87,841
Subtotal |  | 1,740,920 |  | 4,446 |  | — |  | — |  | 1,745,366
Cash collateral on securities borrowed and reverse repurchase agreements |  | 97,289 |  | — |  | — |  | — |  | 97,289
Derivative Contracts for Trading Purposes |  |  |  |  |  |  |  |  |  |
Forwards |  | 670,595 |  | 23,082 |  | — |  | 41,767 |  | 735,444
Swaps |  | 453,191 |  | 98,414 |  | — |  | 186,525 |  | 738,130
Call Options |  | 4,309 |  | — |  | — |  | 530 |  | 4,839
Put Options |  | 56 |  | — |  | — |  | 64 |  | 120
Futures |  | — |  | — |  | — |  | — |  | —
Subtotal |  | 1,128,151 |  | 121,496 |  | — |  | 228,886 |  | 1,478,533
Hedge Derivative Contracts |  |  |  |  |  |  |  |  |  |
Forwards |  | — |  | — |  | — |  | — |  | —
Swaps |  | 4,547 |  | 14,348 |  | — |  | 16,519 |  | 35,414
Call Options |  | — |  | — |  | — |  | — |  | —
Put Options |  | — |  | — |  | — |  | — |  | —
Futures |  | — |  | — |  | — |  | — |  | —
Others |  | — |  | — |  | — |  | — |  | —
Subtotal |  | 4,547 |  | 14,348 |  | — |  | 16,519 |  | 35,414
Loans and advances to Banks (before allowances) |  |  |  |  |  |  |  |  |  |
Central Bank of Chile |  | 1,100,831 |  | — |  | — |  | — |  | 1,100,831
Domestic banks |  | 100,023 |  | — |  | — |  | — |  | 100,023
Foreign banks |  | — |  | — |  | 209,693 |  | 84,849 |  | 294,542
Subtotal |  | 1,200,854 |  | — |  | 209,693 |  | 84,849 |  | 1,495,396
Loans to Customers (before allowances) |  |  |  |  |  |  |  |  |  |
Commercial loans |  | 15,344,854 |  | — |  | 354 |  | 93,190 |  | 15,438,398
Residential mortgage loans |  | 8,052,073 |  | — |  | — |  | — |  | 8,052,073
Consumer loans |  | 4,436,161 |  | — |  | — |  | — |  | 4,436,161
Subtotal |  | 27,833,088 |  | — |  | 354 |  | 93,190 |  | 27,926,632
Financial Assets at Fair Value through OCI |  |  |  |  |  |  |  |  |  |
From the Chilean Government and Central Bank of Chile |  | 164,222 |  | — |  | — |  | — |  | 164,222
Other instruments issued in Chile |  | 779,613 |  | — |  | — |  | — |  | 779,613
Instruments issued abroad |  | — |  | 108,544 |  | — |  | 812 |  | 109,356
Subtotal |  | 943,835 |  | 108,544 |  | — |  | 812 |  | 1,053,191
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Electricity, |  | Agriculture |  |  |  |  |  |  |  |  |  |  |  |
|  | Financial |  | Chilean |  |  |  | Retail |  |  |  |  |  |  |  | Gas and |  | and |  |  |  | Transportation |  |  |  |  |  |  |  |
|  | Services |  | Central Bank |  | Government |  | (Individuals) |  | Trade |  | Manufacturing |  | Mining |  | Water |  | Livestock |  | Fishing |  | 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 |  | 758,274 |  | 121,807 |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 880,081
Financial Assets held-for-trading |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
From the Chilean Government and Central Bank of Chile |  | — |  | 1,434,986 |  | 88,486 |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 1,523,472
Other instruments issued in Chile |  | 129,607 |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 129,607
Instruments issued abroad |  | 4,446 |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 4,446
Mutual fund investment |  | 87,841 |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 87,841
Subtotal |  | 221,894 |  | 1,434,986 |  | 88,486 |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 1,745,366
Cash collateral on securities borrowed and reverse repurchase Agreements Payables |  | 29,031 |  | 742 |  | — |  | — |  | 37,520 |  | — |  | 5,017 |  | 4,466 |  | 3,096 |  | 59 |  | 15,637 |  | — |  | 985 |  | 736 |  | 97,289
Derivative Contracts for Trading Purposes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forwards |  | 374,006 |  | — |  | — |  | — |  | 7,194 |  | 13,328 |  | 40 |  | 10,288 |  | 4,211 |  | 411 |  | 98 |  | 455 |  | 296 |  | 325,117 |  | 735,444
Swaps |  | 584,743 |  | — |  | — |  | — |  | 51,916 |  | 7,348 |  | 22 |  | 4,026 |  | 10,006 |  | 2,249 |  | 2,235 |  | 680 |  | 74,250 |  | 655 |  | 738,130
Call Options |  | 1,669 |  | — |  | — |  | — |  | 389 |  | 16 |  | — |  | 1,090 |  | 1,489 |  | 80 |  | — |  | 59 |  | 36 |  | 11 |  | 4,839
Put Options |  | 64 |  | — |  | — |  | — |  | 51 |  | 5 |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 120
Futures |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | —
Subtotal |  | 960,482 |  | — |  | — |  | — |  | 59,550 |  | 20,697 |  | 62 |  | 15,404 |  | 15,706 |  | 2,740 |  | 2,333 |  | 1,194 |  | 74,582 |  | 325,783 |  | 1,478,533
Hedge Derivative Contracts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forwards |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | —
Swaps |  | 35,414 |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 35,414
Call Options |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | —
Put Options |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | —
Futures |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | —
Subtotal |  | 35,414 |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 35,414
Loans and advances to Banks |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Central Bank of Chile |  | — |  | 1,100,831 |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 1,100,831
Domestic banks |  | 100,023 |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 100,023
Foreign banks |  | 294,542 |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 294,542
Subtotal |  | 394,565 |  | 1,100,831 |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 1,495,396
Loans to Customers, Net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial loans |  | 2,122,599 |  | — |  | — |  | — |  | 2,324,325 |  | 1,579,475 |  | 453,549 |  | 461,351 |  | 1,582,520 |  | 156,472 |  | 1,498,142 |  | 1,752,237 |  | 2,109,491 |  | 1,398,237 |  | 15,438,398
Residential mortgage loans |  | — |  | — |  | — |  | 8,052,073 |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 8,052,073
Consumer loans |  | — |  | — |  | — |  | 4,436,161 |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 4,436,161
Subtotal |  | 2,122,599 |  | — |  | — |  | 12,488,234 |  | 2,324,325 |  | 1,579,475 |  | 453,549 |  | 461,351 |  | 1,582,520 |  | 156,472 |  | 1,498,142 |  | 1,752,237 |  | 2,109,491 |  | 1,398,237 |  | 27,926,632
Financial Assets at Fair Value through OCI |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
From the Chilean Government and Central Bank of Chile |  | — |  | 135,145 |  | 29,077 |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 164,222
Other instruments issued in Chile |  | 689,595 |  | — |  | — |  | — |  | 22,390 |  | — |  | — |  | 8,245 |  | — |  | — |  | 4,938 |  | — |  | — |  | 54,445 |  | 779,613
Instruments issued abroad |  | 109,356 |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 109,356
Subtotal |  | 798,951 |  | 135,145 |  | 29,077 |  | — |  | 22,390 |  | — |  | — |  | 8,245 |  | — |  | — |  | 4,938 |  | — |  | — |  | 54,445 |  | 1,053,191
Schedule of guarantee values |
|  |  |  | 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
|  |  |  | Fair value of collateral and credit enhancements held as of December 31, 2018 |  |  |  |
|  | 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 |  | 11,705,859 |  | 2,589,429 |  | 75,105 |  | 423,556 |  | 2,263 |  | 221,919 |  | 3,312,272 |  | 8,393,587
Small business lending |  | 3,732,539 |  | 2,977,286 |  | 31,270 |  | 28,974 |  | — |  | 71,140 |  | 3,108,670 |  | 623,869
Consumer lending |  | 4,436,161 |  | 332,030 |  | 967 |  | 2,244 |  | — |  | 20,090 |  | 355,331 |  | 4,080,830
Mortgage lending |  | 8,052,073 |  | 7,493,073 |  | 58 |  | 265 |  | — |  | — |  | 7,493,396 |  | 558,677
Total |  | 27,926,632 |  | 13,391,818 |  | 107,400 |  | 455,039 |  | 2,263 |  | 313,149 |  | 14,269,669 |  | 13,656,963
(*) 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, 2017:
|  | Default
|  | 1 to 29 |  | 30 to 59 |  | 60 to 89
|  | days |  | days |  | 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
As of December 31, 2018:
|  | Default
|  | 1 to 29 |  | 30 to 59 |  | 60 to 89
|  | days |  | days |  | days
|  | MCh$ |  | MCh$ |  | MCh$
Loans and advances to banks |  | 273 |  | — |  | —
Subtotal past-due loans and advances to banks |  | 273 |  | — |  | —
Commercial loans |  | 132,707 |  | 40,823 |  | 27,527
Import-export financing |  | 13,892 |  | 2,194 |  | 618
Factoring transactions |  | 44,106 |  | 7,540 |  | 726
Commercial lease transactions |  | 92,057 |  | 6,166 |  | 3,230
Other loans and receivables |  | 1,462 |  | 777 |  | 470
Residential mortgage loans |  | 154,751 |  | 67,257 |  | 24,653
Consumer loans |  | 217,923 |  | 102,752 |  | 40,782
Subtotal past-due loans to customers |  | 656,898 |  | 227,509 |  | 98,006
Total |  | 657,171 |  | 227,509 |  | 98,006
Schedule of aging analysis of loans | As of December 31, the aging analysis of loans is as follows:
|  |  |  | Past due but not impaired(*) |  |
|  | Neither |  |  |  |  |  | Over |  |  |  |
|  | past due |  |  |  | Over 30 days |  | 60 days |  |  |  |
|  | or |  | Up to |  | and up to |  | and up to |  | Over |  |
As of |  | impaired |  | 30 days |  | 60 days |  | 90 days |  | 90 days |  | Total
December 31, |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$
2017 |  | 23,928,184 |  | 533,690 |  | 134,316 |  | 37,292 |  | 2,008 |  | 24,635,490
2018 |  | 26,376,542 |  | 538,681 |  | 145,130 |  | 37,371 |  | 2,566 |  | 27,100,290
(*) 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 |
|  | 2017 |  | 2018
|  | MCh$ |  | MCh$
Financial assets |  |  |  |
Loans and advances to banks |  |  |  |
Domestic banks |  | — |  | —
Foreign banks |  | — |  | —
Subtotal |  | — |  | —
Loans to customers, net |  |  |  |
Commercial loans |  | 191,314 |  | 192,646
Residential mortgage loans |  | 17,400 |  | 14,463
Consumer loans |  | 367,350 |  | 362,562
Subtotal |  | 576,064 |  | 569,671
Total renegotiated financial assets |  | 576,064 |  | 569,671
Schedule of amortized costs and net loss of modified financial assets |
|  | 2018
|  | MCh$
Amortised costs of financial assets modified during the period |  | 912,646
Net modification loss |  | 298,761
Schedule of gross carrying amount of previously modified financial assets for which loss allowances has changed to 12 month Expected Credit Losses (12mECL) measurement during the period |
|  | December 31, 2018
|  | Post modification |  | Pre-modification
|  | Gross carrying amount |  | Corresponding ECL |  | Gross carrying amount |  | Corresponding ECL
|  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$
Facilities that have cured since modification and are now measured using 12mECLs (Stage 1) |  | 14,888 |  | 1,356 |  | 15,113 |  | 4,988
Facilities that reverted to (Stage 2/3) lifetime ECLs having once cured |  | 1,515 |  | 540 |  | 1,512 |  | 206
Schedule of use of MAR | The use of MAR within year 2018 is illustrated below (LCCY = local currency; FCCY = foreign currency):
|  | MAR LCCY + FCCY |  | MAR FCCY
|  | MMM$ |  | MMUS$
|  | 1 – 30 days |  | 1 – 90 days |  | 1 – 30 days |  | 1 – 90 days
Maximum |  | 3,432 |  | 5,530 |  | 1,921 |  | 3,278
Minimum |  | 1,893 |  | 3,653 |  | 476 |  | 1,691
Average |  | 2,621 |  | 4,794 |  | 1,411 |  | 2,606
Schedule of use of Cross Currency Funding | The use of Cross Currency Funding within year 2018 is illustrated below:
|  | Cross Currency Funding
|  | MMUS$
Maximum |  | 4,377
Minimum |  | 2,384
Average |  | 3,300
Schedule of financial ratios | As an example, the state of the following ratios along the year 2018 is illustrated below:
|  | Liquid Assets/ |  | Liabilities>1y/ |  | Deposits/ |
|  | Net Funding <1y |  | Assets >1y |  | Loans |
Maximum |  | 95 | % | 77 | % | 64 | %
Minimum |  | 74 | % | 74 | % | 59 | %
Average |  | 86 | % | 76 | % | 61 | %
Schedules for calculation of C46 regulatory information |
Foreign Currency balance sheet items: | 1‑30 days C46 index < 1 x Tier‑1 Capital
All Currencies balance sheet items: | 1‑30 days C46 index < 1 x Tier‑1 Capital
All Currencies balance sheet items: | 1‑90 days C46 index < 2 x Tier‑1 Capital
The use of this index in year 2018 is illustrated below:
|  | Adjusted C46 All CCYs |  | Adjusted C46 FCCY |
|  | as part of Tier-1 Capital |  | as part of Tier-1 Capital |
|  | 1 – 30 days |  | 1 – 90 days |  | 1 – 30 days |
Maximum |  | 0.65 |  | 0.90 |  | 0.37 |
Minimum |  | 0.29 |  | 0.55 |  | 0.24 |
Average |  | 0.44 |  | 0.74 |  | 0.31 |
Regulatory Limit |  | 1.0 |  | 2.0 |  | 1.0 |
Schedule of the LCR and the NSFR | The state of the LCR and the NSFR along the year 2018 is illustrated below:
|  | LCR |  | NSFR
Maximum |  | 1.09 |  | 1.02
Minimum |  | 0.78 |  | 0.95
Average |  | 0.91 |  | 0.99
Regulatory Limit |  | 0.6 | (*) | N/A
(*) This is the minimum level that banks must comply starting year 2019 and then is increased by 0.1 per year up to the maximum of 1 as of year 2023.
Schedule of contractual maturity of financial liabilities |
|  |  |  | Between 1 |  |  |  |  |  |  |  |  |  |
|  | Up to 1 |  | and 3 |  | Between 3 and |  | Between 1 |  | Between 3 |  | More than 5 |  |
|  | month |  | months |  | 12 months |  | and 3 years |  | and 5 years |  | 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 instruments issued |  | 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
|  |  |  | Between 1 |  |  |  |  |  |  |  |  |  |
|  | Up to 1 |  | and 3 |  | Between 3 and |  | Between 1 |  | Between 3 |  | More than 5 |  |
|  | month |  | months |  | 12 months |  | and 3 years |  | and 5 years |  | years |  | Total
|  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$
Liabilities as of December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current accounts and other demand deposits |  | 9,584,488 |  | — |  | — |  | — |  | — |  | — |  | 9,584,488
Transactions in the course of payment |  | 44,436 |  | — |  | — |  | — |  | — |  | — |  | 44,436
Instruments sold under repurchase agreements and security lending |  | 292,231 |  | 1,440 |  | 5,137 |  | — |  | — |  | — |  | 298,808
Savings accounts and time deposits |  | 5,344,294 |  | 1,981,221 |  | 3,152,103 |  | 373,398 |  | 619 |  | 132 |  | 10,851,767
Full delivery derivative transactions |  | 351,496 |  | 190,643 |  | 648,870 |  | 582,628 |  | 536,506 |  | 592,303 |  | 2,902,446
Borrowings from financial institutions |  | 97,661 |  | 268,795 |  | 946,950 |  | 183,206 |  | — |  | — |  | 1,496,612
Other financial obligations |  | 92,896 |  | 730 |  | 4,857 |  | 18,406 |  | 366 |  | 35 |  | 117,290
Debt instruments issued |  | 101,707 |  | 267,665 |  | 724,724 |  | 1,410,766 |  | 1,899,529 |  | 4,303,542 |  | 8,707,933
Total (excluding non-delivery derivative transactions) |  | 15,909,209 |  | 2,710,494 |  | 5,482,641 |  | 2,568,404 |  | 2,437,020 |  | 4,896,012 |  | 34,003,780
Non - delivery derivative transactions |  | 297,613 |  | 604,200 |  | 1,028,798 |  | 712,286 |  | 593,431 |  | 1,209,282 |  | 4,445,610
Schedule of use of VaR | The use of VaR within year 2018 is illustrated below:
|  | Value-at-Risk
|  | 99% confidence level
|  | MMUS$
Maximum |  | 1,401
Minimum |  | 379
Average |  | 783
Schedule of use of EaR | The use of EaR within year 2018 is illustrated below:
|  | 12-months Earnings-at-Risk
|  | 97.7% confidence level
|  | 3 months defeasance period
|  | MCh$
Maximum |  | 33,197
Minimum |  | 24,941
Average |  | 26,738
Schedule of banking book interest rate exposure by contractual maturity |
|  |  |  | Between 1 |  |  |  |  |  |  |  |  |  |
|  | Up to 1 |  | and 3 |  | Between 3 and |  | Between 1 |  | Between 3 |  | More than 5 |  |
|  | month |  | months |  | 12 months |  | and 3 years |  | and 5 years |  | 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
Financial assets available-for-sale |  | 9,134 |  | 37,851 |  | 950,199 |  | 222,522 |  | 216,058 |  | 169,144 |  | 1,604,908
Total assets |  | 6,513,502 |  | 2,829,211 |  | 6,962,831 |  | 6,209,428 |  | 3,356,147 |  | 9,299,680 |  | 35,170,799
|  |  |  | Between 1 |  |  |  |  |  |  |  |  |  |
|  | Up to 1 |  | and 3 |  | Between 3 and |  | Between 1 |  | Between 3 |  | More than 5 |  |
|  | month |  | months |  | 12 months |  | and 3 years |  | and 5 years |  | years |  | Total
|  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$
Assets as of December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | 844,173 |  | — |  | — |  | — |  | — |  | — |  | 844,173
Transactions in the course of collection |  | 151,701 |  | — |  | — |  | — |  | — |  | — |  | 151,701
Securities borrowed or purchased under agreements to resell |  | 3,161 |  | — |  | — |  | — |  | — |  | — |  | 3,161
Derivative instruments under hedge-accounting treatment |  | 20 |  | 140,631 |  | 253,266 |  | 176,330 |  | 229,092 |  | 717,331 |  | 1,516,670
Inter-banking loans |  | 1,262,749 |  | 79,199 |  | 133,689 |  | 24,337 |  | — |  | — |  | 1,499,974
Customer loans |  | 2,305,334 |  | 2,311,297 |  | 5,784,455 |  | 8,402,372 |  | 3,923,096 |  | 9,721,138 |  | 32,447,692
Financial Assets at Fair Value through OCI |  | 48,469 |  | 153,479 |  | 408,390 |  | 146,136 |  | 58,093 |  | 230,003 |  | 1,044,570
Total assets |  | 4,615,607 |  | 2,684,606 |  | 6,579,800 |  | 8,749,175 |  | 4,210,281 |  | 10,668,472 |  | 37,507,941
|  |  |  | Between 1 |  |  |  |  |  |  |  |  |  |
|  | Up to 1 |  | and 3 |  | Between 3 and |  | Between 1 |  | Between 3 |  | More than 5 |  |
|  | month |  | months |  | 12 months |  | and 3 years |  | and 5 years |  | 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
|  |  |  | Between 1 |  |  |  |  |  |  |  |  |  |
|  | Up to 1 |  | and 3 |  | Between 3 and |  | Between 1 |  | Between 3 |  | More than 5 |  |
|  | month |  | months |  | 12 months |  | and 3 years |  | and 5 years |  | years |  | Total
|  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$
Liabilities as of December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current accounts and demand deposits |  | 9,622,073 |  | — |  | — |  | — |  | — |  | — |  | 9,622,073
Transactions in the course of payment |  | — |  | — |  | — |  | — |  | — |  | — |  | —
Securities loaned or sold under repurchase agreements |  | 6,963 |  | — |  | — |  | — |  | — |  | — |  | 6,963
Savings accounts and interest-bearing deposits |  | 5,273,096 |  | 1,981,221 |  | 3,152,103 |  | 373,398 |  | 619 |  | 71,330 |  | 10,851,767
Derivative instruments under hedge-accounting treatment |  | 115 |  | 144,525 |  | 243,151 |  | 187,522 |  | 222,201 |  | 715,536 |  | 1,513,050
Inter-banking borrowings |  | 97,661 |  | 268,795 |  | 946,950 |  | 183,206 |  | — |  | — |  | 1,496,612
Long-term debt (*) |  | 101,707 |  | 267,665 |  | 724,724 |  | 1,410,766 |  | 1,899,529 |  | 4,303,542 |  | 8,707,933
Other liabilities |  | 92,896 |  | 730 |  | 4,857 |  | 18,406 |  | 366 |  | 35 |  | 117,290
Total liabilities |  | 15,194,511 |  | 2,662,936 |  | 5,071,785 |  | 2,173,298 |  | 2,122,715 |  | 5,090,443 |  | 32,315,688
(*) Amounts shown here are different from those 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 |
|  | CLP |  | CLP |  | CLF |  | CLF |  | USD Offshore 3m |  | Spread USD On/Off
|  | Derivatives |  | Bonds |  | Derivatives |  | Bonds |  | Derivatives |  | Derivatives
|  | (bps) |  | (bps) |  | (bps) |  | (bps) |  | (bps) |  | (bps)
< 1 year |  | 4 |  | 20 |  | (26) |  | (10) |  | 7 |  | 301
> 1 year |  | 7 |  | 19 |  | (6) |  | (18) |  | 5 |  | 34
bps = basis points
Schedule of Potential Profit and Loss Impact on Trading Book |
Most Adverse Stress Scenario P&L Impact
Trading Book
(MCh$)
CLP Interest Rate/Swap Yield |  |  |  | (683)
Derivatives |  | 54 |  |
Debt instruments |  | (737) |  |
CLF Interest Rate/Swap Yield |  |  |  | 58
Derivatives |  | 84 |  |
Debt instruments |  | (26) |  |
Interest rate USD, EUR, JPY, etc. offshore |  |  |  | 145
Domestic/offshore interest rate spread USD, EUR, JPY |  |  |  | (12,762)
Total Interest rates/Swap Yields |  |  |  | (13,242)
Total FX |  |  |  | 13
Total FX Options |  |  |  | (13)
Total |  |  |  | (13,242)
Schedule of NRFF impact on accrual book for next 12-months | The impact of such fluctuations in the Accrual portfolio for the next 12 months as of December 31, 2018, which is not necessarily a gain/loss but greater/lower net revenue from funds (resulting net interest rate generation), is illustrated below: 12‑Months NRFF(*) Impact Accrual Book (MCh$)
Impact due to inter-banking yield curve shock |  | (122,334)
Impact due to spreads shocks |  | (7,320)
Higher / (Lower) NRFF |  | (129,654)
(*) Net revenues from funds
Schedule of risk weighted assets, Basic Capital ratio and Regulatory Capital ratio |
|  | Consolidated assets |  | Risk-weighted assets
|  | 2017 |  | 2018 |  | 2017 |  | 2018
|  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$
Balance sheet assets (net of provisions) |  |  |  |  |  |  |  |
Cash and due from banks |  | 1,057,393 |  | 880,081 |  | 5,699 |  | 13,084
Transactions in the course of collection |  | 255,968 |  | 289,194 |  | 95,210 |  | 186,536
Financial Assets held-for-trading |  | 1,538,578 |  | 1,745,366 |  | 148,641 |  | 134,412
Cash collateral on securities borrowed and reverse repurchase agreements |  | 91,641 |  | 97,289 |  | 91,641 |  | 97,289
Derivative instruments (*) |  | 1,469,083 |  | 1,310,262 |  | 927,837 |  | 916,798
Loans and advances to banks |  | 760,021 |  | 1,494,384 |  | 312,806 |  | 313,524
Loans to customers, net |  | 24,955,692 |  | 27,341,254 |  | 21,908,281 |  | 24,102,808
Financial assets available-for-sale |  | 1,526,315 |  | — |  | 325,209 |  | —
Financial assets at fair value through OCI |  | — |  | 1,053,191 |  | — |  | 356,568
Investments in other companies |  | 35,771 |  | 42,252 |  | 38,041 |  | 44,561
Intangible assets |  | 72,455 |  | 85,471 |  | 39,045 |  | 52,061
Property and equipment |  | 216,259 |  | 215,872 |  | 216,259 |  | 215,872
Investment properties |  | 14,306 |  | 13,938 |  | — |  | —
Current tax assets |  | 23,032 |  | 677 |  | 2,303 |  | 68
Deferred tax assets |  | 161,265 |  | 192,840 |  | 26,740 |  | 27,792
Other assets |  | 604,800 |  | 651,691 |  | 547,974 |  | 673,380
Subtotal |  | 32,782,579 |  | 35,413,762 |  | 24,685,686 |  | 27,134,753
Off-balance-sheet assets |  |  |  |  |  |  |  |
Contingent loans |  | 3,972,260 |  | 4,266,821 |  | 2,382,653 |  | 2,559,197
Total |  | 36,754,839 |  | 39,680,583 |  | 27,068,339 |  | 29,693,950
(*) Financial derivative contracts are presented as an equivalent credit risk for the purposes of calculating consolidated assets. The amounts and ratios determined for the limit of basic capital and effective equity as of December 2017 and 2018, are:
|  | As of December 31,
|  | 2017 |  | 2018
|  | MCh$ |  | MCh$
Basic capital (*) (**) |  | 3,105,714 |  | 3,304,152
Effective equity |  | 3,934,727 |  | 4,129,999
Total consolidated assets (**) |  | 37,017,702 |  | 39,989,595
Total consolidated assets weighted by credit risk |  | 27,068,339 |  | 29,693,950
(*) The Basic Capital corresponds to the equity of the owners of the Bank in the Consolidated Statement of Financial Position. (**) The total consolidated assets is in accordance with Chilean Generally Accepted Accounting Principles as issued by the Chilean Superintendency of Banks and Financial Institutions (“SBIF”). As a result, is not directly comparable with this Consolidated Statement of Financial Position. These ratios as of December 31, 2017 and 2018 were:
|  | Ratio
|  | As of December 31,
|  | 2017 |  | 2018
|  | % |  | %
Basic capital / consolidated assets |  | 8.39 |  | 8.26
Effective equity / consolidated assets weighted by risk |  | 14.54 |  | 13.91

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