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Transition disclosures (Tables) | 12 Months Ended
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Dec. 31, 2018
Transition disclosures |
Disclosure of redesignated financial assets and liabilities [text block] |
|  | As of December 31, 2017 |  | As of January 1, 2018
|  | IAS 39 |  |  |  |  |  |  |  |  |  | IFRS 9
|  | Measurement |  |  |  |  |  | Remeasurement |  | Measurement
|  | Category |  | Amount |  | Reclassification |  | ECL |  | Amount |  | Category
|  |  |  | MCh$ |  | Ref |  | MCh$ |  | Ref |  | MCh$ |  | MCh$ |  |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | L&R |  | 1,057,393 |  |  |  | — |  |  |  | — |  | 1,057,393 |  | AC
Transactions in the course of collection |  | L&R |  | 255,968 |  |  |  | — |  |  |  | — |  | 255,968 |  | AC
Financial assets held-for-trading |  | FVPL |  | 1,538,578 |  |  |  | 78,069 |  |  |  | — |  | 1,616,647 |  | FVPL
From: Other assets |  |  |  |  |  | A |  | 78,069 |  |  |  | — |  |  |  |
Cash collateral on securities borrowed and reverse repurchase agreements |  | L&R |  | 91,641 |  |  |  | — |  |  |  | — |  | 91,641 |  | AC
Derivative instruments |  | FVPL |  | 1,247,941 |  |  |  | — |  |  |  | — |  | 1,247,941 |  | FVPL
Loans and advance to banks |  | L&R |  | 760,021 |  |  |  |  |  | D |  | (508) |  | 759,513 |  | AC
Loans to customers, net |  | L&R |  | 24,955,692 |  |  |  | — |  | D |  | (73,817) |  | 24,881,875 |  | AC
Financial assets available-for-sale |  | L&R |  | 1,526,315 |  |  |  | (1,526,315) |  |  |  | — |  | N/A |  |
To: Financial instruments at fair value through OCI - Equity |  |  |  |  |  | B |  | (10,252) |  |  |  | — |  |  |  |
To: Financial instruments at fair value through OCI- Debt |  |  |  |  |  | C |  | (1,516,063) |  |  |  | — |  |  |  |
Financial assets at fair value through OCI |  |  |  | N/A |  |  |  | 1,526,315 |  |  |  | — |  | 1,526,315 |  | FVOCI
From: Financial assets available-for-sale - Equity |  |  |  |  |  | B |  | 10,252 |  |  |  | — |  |  |  |
From: Financial assets available-for-sale - Debt |  |  |  |  |  | C |  | 1,516,063 |  |  |  | — |  |  |  |
Investments in other companies |  |  |  | 35,771 |  |  |  | — |  |  |  | — |  | 35,771 |  |
Intangible assets |  |  |  | 72,455 |  |  |  | — |  |  |  | — |  | 72,455 |  |
Property and equipment |  |  |  | 216,259 |  |  |  | — |  |  |  | — |  | 216,259 |  |
Investments properties |  |  |  | 14,306 |  |  |  | — |  |  |  | — |  | 14,306 |  |
Current tax assets |  |  |  | 23,032 |  |  |  | — |  |  |  | — |  | 23,032 |  |
Deferred tax assets, net |  |  |  | 161,265 |  |  |  | — |  | E |  | 23,200 |  | 184,465 |  |
Other assets |  |  |  | 604,800 |  |  |  | (78,069) |  |  |  | — |  | 526,731 |  |
To: Financial assets held-for-trading |  |  |  |  |  | A |  | (78,069) |  |  |  | — |  |  |  |
TOTAL ASSETS |  |  |  | 32,561,437 |  |  |  | — |  |  |  | (51,125) |  | 32,510,312 |  |
ACAmortized cost L&RLoans and Receivables FVPLFair Value through Profit or Loss FVOCIFair Value through Other Comprehensive Income
| As of December 31, 2017 |  | As of January 1, 2018
| IAS 39 |  |  |  |  |  |  |  |  | IFRS 9
| Measurement |  |  |  |  |  | Remeasurement | Measurement
|  | Category |  | Amount |  | Reclassification |  | ECL |  | Amount |  | Category
|  |  |  | MCh$ |  | Ref |  | MCh$ |  | Ref |  | MCh$ |  | MCh$ |  |
LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current accounts and other demand deposits |  | AC |  | 8,915,706 |  |  |  | — |  |  |  | — |  | 8,915,706 |  | AC
Transactions in the course of payments |  | AC |  | 29,871 |  |  |  | — |  |  |  | — |  | 29,871 |  | AC
Cash collateral on securities lent and repurchase agreements |  | AC |  | 195,392 |  |  |  | — |  |  |  | — |  | 195,392 |  | AC
Saving accounts and time deposits |  | AC |  | 10,067,778 |  |  |  | — |  |  |  | — |  | 10,067,778 |  | AC
Derivate instruments |  | FVPL |  | 1,392,995 |  |  |  | — |  |  |  | — |  | 1,392,995 |  | FVPL
Borrowings from financial institutions |  | AC |  | 1,195,028 |  |  |  | — |  |  |  | — |  | 1,195,028 |  | AC
Debt issued |  | AC |  | 6,488,975 |  |  |  | — |  |  |  | — |  | 6,488,975 |  | AC
Other financial obligations |  | AC |  | 137,163 |  |  |  | — |  |  |  | — |  | 137,163 |  | AC
Current tax liabilities |  |  |  | 3,453 |  |  |  | — |  |  |  | — |  | 3,453 |  |
Provisions |  |  |  | 194,537 |  | F |  | 11,374 |  | D |  | 11,601 |  | 217,512 |  |
Employee benefits |  |  |  | 86,628 |  |  |  | — |  |  |  | — |  | 86,628 |  |
Other liabilities |  |  |  | 308,563 |  | F |  | (11,374) |  |  |  | — |  | 297,189 |  |
TOTAL LIABILITIES |  |  |  | 29,016,089 |  |  |  | — |  |  |  | 11,601 |  | 29,027,690 |  |
EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Attributable to equity holders of the parent: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital |  |  |  | 2,271,401 |  |  |  | — |  |  |  | — |  | 2,271,401 |  |
Reserves |  |  |  | 809,557 |  |  |  | — |  |  |  | — |  | 809,557 |  |
Other comprehensive income |  |  |  | 127 |  | G |  | 4,249 |  |  |  | — |  | 4,376 |  |
Retained earnings: |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  |
Retained earnings from previous periods |  |  |  | 64,986 |  | G |  | (4,249) |  | H |  | (62,726) |  | (1,989) |  |
Income for the year |  |  |  | 572,080 |  |  |  | — |  |  |  | — |  | 572,080 |  |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Provisions for minimum dividend |  |  |  | (172,804) |  |  |  | — |  |  |  | — |  | (172,804) |  |
Non-controlling interest |  |  |  | 1 |  |  |  | — |  |  |  | — |  | 1 |  |
TOTAL EQUITY |  |  |  | 3,545,348 |  |  |  | — |  |  |  | (62,726) |  | 3,482,622 |  |
TOTAL LIABILITIES AND EQUITY |  |  |  | 32,561,437 |  |  |  | — |  |  |  | (51,125) |  | 32,510,312 |  |
ACAmortized cost L&RLoans and Receivables FVPLFair Value through Profit or Loss FVOCIFair Value through Other Comprehensive Income
Schedule of IFRS 9 impact on other comprehensive income and retained earnings |
|  | Reserves and
|  | retained earnings
|  | MCh$
Unrealized gains (losses) on financial assets at FV through OCI |  |
Closing balance under IAS 39 (December 31, 2017) |  | 9,521
Recognition of ECL under IFRS 9 for debt financial assets at FVOCI |  | 5,820
Deferred tax in relation to the above |  | (1,571)
Opening balance under IFRS 9 (January 1, 2018) |  | 13,770
Retained earnings from previous periods |  |
Closing balance under IAS 39 (December 31, 2017) |  | 464,262
Recognition of IFRS 9 ECLs for loans and contingent loan risks |  | (85,926)
Recognition of IFRS 9 ECLs for financial assets at FVOCI |  | (5,820)
Deferred tax in relation to the above |  | 24,771
Opening balance under IFRS 9 (January 1, 2018) |  | 397,287
Total change in equity due to adopting IFRS 9 |  | (62,726)
Schedule of reconciliation of allowances and provisions on adoption of IFRS 9 |
|  | Provision under IAS 39 / IAS 37 |  |  |  | ECLs under IFRS 9
|  | at 31 December 2017 |  | Remeasurement |  | at 1 January 2018
|  | MCh$ |  | MCh$ |  | MCh$
Due from banks |  | (264) |  | (508) |  | (772)
Loans to Customers |  |  |  |  |  |
Commercial loans |  | (221,229) |  | (181) |  | (221,410)
Mortgage loans |  | (32,015) |  | (1,762) |  | (33,777)
Consumer loans |  | (242,577) |  | (71,874) |  | (314,451)
Subtotal due from banks and loans to customers |  | (496,085) |  | (74,325) |  | (570,410)
Financial guarantees |  | (11,205) |  | 7,273 |  | (3,932)
Letter of credit for customers |  | (169) |  | 97 |  | (72)
Undrawn credit lines |  | — |  | (18,971) |  | (18,971)
Subtotal contingent loan risks |  | (11,374) |  | (11,601) |  | (22,975)
Debt instruments at fair value through OCI |  | — |  | (5,820) |  | (5,820)
Subtotal financial assets at FVOCI |  | — |  | (5,820) |  | (5,820)
Total Allowances / Provisions |  | (507,459) |  | (91,746) |  | (599,205)

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