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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2018
USD ($)
Dec. 31, 2018
CLP ($)
Dec. 31, 2017
CLP ($)
Dec. 31, 2016
CLP ($)
CASH FLOWS FROM OPERATING ACTIVITIES:        
Income for the year $ 870,291 $ 603,634 $ 572,081 $ 575,051
Items that do not represent cash flows:        
Depreciation and amortization 54,327 37,681 37,536 35,575
Impairment property and equipment and ECL allowances over financial instruments at fair value through OCI (1,756) (1,218) 166 274
Provision for loan losses 446,743 309,861 271,442 306,214
Provisions for contingent loan risks 2,943 2,041 (710) (109)
Fair value adjustment of financial assets held-for-trading (956) (663) 1,614 (2,394)
Provision for deferred income taxes (6,606) (4,582) 14,314 (35,202)
Income attributable to associates (9,820) (6,811) (5,511) (4,019)
Net gain on sales of assets received in lieu of payment (5,262) (3,650) (1,941) (2,978)
Net gain loss on sales of property and equipment (5,236) (3,632) (623) (183)
Other charges (credits) to income that do not represent cash flows (7,194) (4,990) 543 (14,139)
(Gain) loss from foreign exchanges transactions of other assets and other liabilities (167,418) (116,121) 38,374 28,892
Other adjustments in interest and fee accruals 230,829 160,103 (54,294) (147,643)
Changes in assets and liabilities that affect operating cash flows:        
(Increase) decrease in loans and advances to banks, net (1,058,723) (734,330) 413,570 221,556
(Increase) decrease in loans to customers, net (3,872,605) (2,686,038) (462,358) (1,035,767)
(Increase) decrease in financial assets held-for-trading, net (174,693) (121,167) (110,935) (512,572)
(Increase) decrease in other assets and liabilities (199,041) (138,055) 12,958 86,771
Increase (decrease) in current accounts and other demand deposits 963,842 668,521 594,306 (4,529)
Increase (decrease) in payables from repurchase agreements and security lending 142,114 98,570 (20,474) 21,725
Increase (decrease) in savings accounts and time deposits 835,967 579,827 (441,174) 635,156
Proceeds from sale of assets received in lieu of payment 37,881 26,274 13,679 10,860
Total cash flows from operating activities (1,924,373) (1,334,745) 872,563 162,539
CASH FLOWS FROM INVESTING ACTIVITIES:        
(Increase) decrease in financial assets at fair value through other comprehensive income 669,060 464,060 (1,142,796) 563,457
Purchases of property and equipment (40,463) (28,065) (23,224) (27,819)
Proceeds from sales of property and equipment 5,248 3,640 652 220
Purchase of intangible assets (33,899) (23,512) (18,779) (11,248)
Investments in other companies       (1,129)
(Increase) decrease in other assets and liabilities       (867)
Dividends received from investments in other companies 593 411 484 667
Total cash flows from investing activities 600,539 416,534 (1,183,663) 523,281
CASH FLOWS FROM FINANCING ACTIVITIES:        
Repayment of mortgage financial bonds (6,326) (4,388) (5,818) (8,552)
Proceeds from bond issuances 3,110,708 2,157,587 1,399,001 1,420,037
Redemption from bond issuances (2,070,692) (1,436,232) (1,024,758) (1,281,182)
Dividends paid (539,330) (374,079) (342,034) (366,654)
Increase (decrease) in borrowings from foreign financial institutions 462,277 320,635 154,552 (489,157)
Increase (decrease) in other financial obligations (12,620) (8,753) (44,938) 17,467
Increase (decrease) in borrowings from Central Bank of Chile (1) (1) (2) (3)
Other long-term borrowings 22 15 8 17,808
Payment of other long-term borrowings (14,149) (9,814) (3,349) (21,359)
Total cash flows from financing activities 929,889 644,970 132,662 (711,595)
TOTAL NET POSITIVE (NEGATIVE) CASH FLOWS FOR THE YEAR (393,945) (273,241) (178,438) (25,775)
Net effect of exchange rate changes on cash and cash equivalents 167,418 116,121 (38,374) (28,892)
Cash and cash equivalents at beginning of year 2,073,815 1,438,398 1,655,210 1,709,877
Cash and cash equivalents at end of year 1,847,288 1,281,278 1,438,398 1,655,210
Supplemental disclosure of cash flow information:        
Income taxes (paid) received 29,575 20,513 13,851 (18,012)
Interest received 2,713,042 1,881,766 1,928,523 1,816,477
Interest paid $ (577,690) $ (400,686) $ (753,379) $ (737,387)