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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Summary of Significant Accounting Policies  
Schedule of entities in which bank directly or indirectly owns a controlling interest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Owned

 

 

 

 

 

 

 

 

Direct

 

Indirect

 

Total

 

 

 

 

 

 

Functional

 

2017

 

2018

 

2017

 

2018

 

2017

 

2018

RUT

    

Subsidiaries

    

Country

    

Currency

    

%

    

%

    

%

    

%

    

%

    

%

96,767,630-6

 

Banchile Administradora General de Fondos S.A.

 

Chile

 

Ch$

 

99.98

 

99.98

 

0.02

 

0.02

 

100.00

 

100.00

96,543,250-7

 

Banchile Asesoría Financiera S.A.

 

Chile

 

Ch$

 

99.96

 

99.96

 

 —

 

 

99.96

 

99.96

77,191,070-K

 

Banchile Corredores de Seguros Ltda.

 

Chile

 

Ch$

 

99.83

 

99.83

 

0.17

 

0.17

 

100.00

 

100.00

96,571,220-8

 

Banchile Corredores de Bolsa S.A.

 

Chile

 

Ch$

 

99.70

 

99.70

 

0.30

 

0.30

 

100.00

 

100.00

96,932,010-K

 

Banchile Securitizadora S.A.

 

Chile

 

Ch$

 

99.01

 

99.01

 

0.99

 

0.99

 

100.00

 

100.00

96,645,790-2

 

Socofin S.A.

 

Chile

 

Ch$

 

99.00

 

99.00

 

1.00

 

1.00

 

100.00

 

100.00

 

Schedule of maximum period for write-offs of loans

 

 

 

 

 

 

Type of Loan

    

Term

Consumer loans – secured and unsecured

 

 6

months

Other transactions – unsecured

 

24

months

Commercial loans – secured

 

36

months

Residential mortgage loans

 

48

months

Consumer leases

 

 6

months

Other non-real estate lease transactions

 

12

months

Real estate leases (commercial or residential)

 

36

months

 

Schedule of estimated useful lives

 

 

 

 

 

 

Buildings

    

50

years

Installations (in general)

 

10

years

Equipment

 

 5

years

Office furniture

 

 5

years