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Provisions (Tables)

12 Months Ended

Dec. 31, 2018

Disclosure of contingent liabilities [line items]

Schedule of provisions

		2017		2018
		MCh$		MCh$
Provision for minimum dividends		172,804		178,462
Provisions for contingent loan risks (*)		—		25,016
Provisions for other contingencies		21,733		468
Total		194,537		203,946

(*) IFRS 9 replaced IAS 39 for financial statements from January 1, 2018 onwards and includes new classification and measurement requirements for financial assets and liabilities (see note No. 5).

Schedule of changes in provision

		Minimum		Contingent
		dividends		loan risks		Other		Total
		MCh$		MCh$		MCh$		MCh$
Balances as of January 1, 2017		165,675		—		21,893		187,568
Provisions established		172,804		—		—		172,804
Provisions used		(165,675)		—		—		(165,675)
Provisions released		—		—		(160)		(160)
Balances as of December 31, 2017		172,804		—		21,733		194,537
Balances as of January 1, 2018		172,804		22,975		21,733		217,512
Provisions established		178,462		2,041		3		180,506
Provisions used		(172,804)		―		(19,347)		(192,151)
Provisions released		―		―		(1,921)		(1,921)
Balances as of December 31, 2018		178,462		25,016		468		203,946

Schedule of impairment of losses on contingent loan risks

		2017 (*)		2018
		MCh$		MCh$
Foreign office guarantees and standby letters of credit		―		428
Confirmed foreign letters of credit		―		29
Issued foreign letters of credit		―		93
Performance guarantees		―		4,080
Undrawn credit lines		―		20,386
Total		―		25,016

(*) IFRS 9 replaced IAS 39 for financial statements from January 1, 2018 onwards and includes new classification and measurement requirements for financial assets and liabilities (see note No. 5).

Schedule of change in gross carrying amount and ECL allowances

		Commercial		Mortgage		Consumer		Total
		MCh$		MCh$		MCh$		MCh$
Balance as of January 1, 2017		272,274		32,747		249,748		554,769
Charge-offs		(58,716)		(5,093)		(254,981)		(318,790)
Sales or transfers of credits		(11,595)		―		―		(11,595)
Allowances (released) established, net		19,266		4,361		247,810		271,437
Balance as of December 31, 2017		221,229		32,015		242,577		495,821
Impact adoption IFRS 9		181		1,762		71,874		73,817
Balance as of January 1, 2018		221,410		33,777		314,451		569,638
Charge-offs		(52,419)		(6,993)		(233,511)		(292,923)
Sales or transfers of credits		(958)		―		―		(958)
Allowances (released) established, net		60,831		7,546		241,244		309,621
Balance as of December 31, 2018		228,864		34,330		322,184		585,378

Foreign office guarantees and standby letters of credit

Disclosure of contingent liabilities [line items]

Schedule of credit quality and the maximum exposure to credit risk

		2018														2017
		Stage 1				Stage 2				Stage 3
		Individual		Group		Individual		Group		Individual		Group		Total		Total
		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Normal		332,965		138		8,226		—		—		—		341,329		283,329
Substandard		—		—		347		—		—		—		347		1,706
Non-complying		—		—		—		—		—		—		—
Total		332,965		138		8,573		—		—		—		341,676		285,035

Schedule of change in gross carrying amount and ECL allowances

An analysis of changes in the outstanding exposures on foreign office guarantees and standby letters of credit from January 1, 2018 to December 31, 2018 is as follows:

		2018
		Stage 1				Stage 2				Stage 3
		Individual		Group		Individual		Group		Individual		Group		Total
		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Outstanding exposure as at January 1, 2018		274,563		84		10,388		—		—		—		285,035
Net change on exposures		33,660		24		(4,139)		—		132		—		29,677
Transfer to Stage 1		4,994		—		(4,855)		—		(139)		—		—
Transfer to Stage 2		(6,513)		—		6,513		—		—		—		—
Transfer to Stage 3		—		—		—		—		—		—		—
Foreign exchange adjustments		26,261		30		666		—		7		—		26,964
Total		332,965		138		8,573		—		—		—		341,676

An analysis of changes in ECL exposures on foreign office guarantees and standby letters of credit from January 1, 2018 to December 31, 2018 is as follows:

		2018
		Stage 1				Stage 2				Stage 3
		Individual		Group		Individual		Group		Individual		Group		Total
		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
ECL exposures as at January 1, 2018		256		—		—		—		—		—		256
Net change on exposures		152		(1)		—		—		57		—		208
Transfer to Stage 1		60		—		—		—		(60)		—		—
Transfer to Stage 2		(14)		—		14		—		—		—		—
Transfer to Stage 3		—		—		—		—		—		—		—
Impact on year end ECL of exposures transferred between stages during the year		(56)		—		(14)		—		—		—		(70)
Foreign exchange adjustments		30		1		—		—		3		—		34
Total		428		—		—		—		—		—		428

Confirmed foreign letters of credit

Disclosure of contingent liabilities [line items]

Schedule of credit quality and the maximum exposure to credit risk

		2018														2017
		Stage 1				Stage 2				Stage 3
		Individual		Group		Individual		Group		Individual		Group		Total		Total
		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Normal		56,764		—		—		—		—		—		56,764		64,970
Substandard		—		—		—		—		—		—		—		—
Non-complying		—		—		—		—		—		—		—		—
Total		56,764		—		—		—		—		—		56,764		64,970

Schedule of change in gross carrying amount and ECL allowances

An analysis of changes in the outstanding exposures on confirmed foreign letters of credit from January 1, 2018 to December 31, 2018 is as follows:

		2018
		Stage 1				Stage 2				Stage 3
		Individual		Group		Individual		Group		Individual		Group		Total
		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Outstanding exposure as at January 1, 2018		64,970		—		—		—		—		—		64,970
Net change on exposures		(15,455)		—		8		—		—		—		(15,447)
Transfer to Stage 1		—		—		—		—		—		—		—
Transfer to Stage 2		—		—		—		—		—		—		—
Transfer to Stage 3		—		—		—		—		—		—		—
Foreign exchange adjustments		7,249		—		(8)		—		—		—		7,241
Total		56,764		—		—		—		—		—		56,764

An analysis of changes in ECL exposures on confirmed foreign letters of credit from January 1, 2018 to December 31, 2018 is as follows:

		2018
		Stage 1				Stage 2				Stage 3
		Individual		Group		Individual		Group		Individual		Group		Total
		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
ECL exposures as at January 1, 2018		23		—		—		—		—		—		23
Net change on exposures		3		—		—		—		—		—		3
Transfer to Stage 1		—		—		—		—		—		—		—
Transfer to Stage 2		—		—		—		—		—		—		—
Transfer to Stage 3		—		—		—		—		—		—		—
Impact on year end ECL of exposures transferred between stages during the year		—		—		—		—		—		—		—
Foreign exchange adjustments		3		—		—		—		—		—		3
Total		29		—		—		—		—		—		29

Issued foreign letters of credit

Disclosure of contingent liabilities [line items]

Schedule of credit quality and the maximum exposure to credit risk

		2018														2017
		Stage 1				Stage 2				Stage 3
		Individual		Group		Individual		Group		Individual		Group		Total		Total
		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Normal		344,874		1,585		41,823		114		—		—		388,396		94,313
Substandard		—		—		—		—		—		—		—		—
Non-complying		—		—		—		—		—		—		—		—
Total		344,874		1,585		41,823		114		—		—		388,396		94,313

Schedule of change in gross carrying amount and ECL allowances

		2018
		Stage 1				Stage 2				Stage 3
		Individual		Group		Individual		Group		Individual		Group		Total
		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Outstanding exposure as at January 1, 2018		80,106		1,737		11,984		486		—		—		94,313
Net change on exposures		262,824		832		21,226		(1,498)		—		—		283,384
Transfer to Stage 1		6,268		—		(6,268)		—		—		—		—
Transfer to Stage 2		(13,420)		(1,098)		13,420		1,098		—		—		—
Transfer to Stage 3		—		—		—		—		—		—		—
Foreign exchange adjustments		9,096		114		1,461		28		—		—		10,699
Total		344,874		1,585		41,823		114		—		—		388,396

An analysis of changes in ECL exposures on issued foreign letters of credit from January 1, 2018 to December 31, 2018 is as follows:

		2018
		Stage 1				Stage 2				Stage 3
		Individual		Group		Individual		Group		Individual		Group		Total
		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
ECL exposures as at January 1, 2018		43		6		—		—		—		—		49
Net change on exposures		38		7		—		(1)		—		—		44
Transfer to Stage 1		—		—		—		—		—		—		—
Transfer to Stage 2		(6)		(3)		6		3		—		—		—
Transfer to Stage 3		—		—		—		—		—		—		—
Impact on year end ECL of exposures transferred between stages during the year		4		—		(6)		(2)		—		—		(4)
Foreign exchange adjustments		4		—		—		—		—		—		4
Total		83		10		—		—		—		—		93

Performance guarantees

Disclosure of contingent liabilities [line items]

Schedule of credit quality and the maximum exposure to credit risk

		2018														2017
		Stage 1				Stage 2				Stage 3
		Individual		Group		Individual		Group		Individual		Group		Total		Total
		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Normal		1,685,980		54,523		477,489		3,470		—		22		2,221,484		2,209,665
Substandard		—		—		7,586		—		—		—		7,586		9,157
Non-complying		—		—		—		74		2,310		1,228		3,612		2,006
Total		1,685,980		54,523		485,075		3,544		2,310		1,250		2,232,682		2,220,828

Schedule of change in gross carrying amount and ECL allowances

An analysis of changes in the outstanding exposures on Performance guarantees from January 1, 2018 to December 31, 2018 is as follows:

		2018
		Stage 1				Stage 2				Stage 3
		Individual		Group		Individual		Group		Individual		Group		Total
		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Outstanding exposure as at January 1, 2018		1,803,358		46,416		365,137		3,741		1,162		1,014		2,220,828
Net change on exposures		(6,282)		8,008		(23,779)		1,963		(786)		(1,935)		(22,811)
Transfer to Stage 1		189,344		10,346		(189,279)		(10,258)		(65)		(88)		—
Transfer to Stage 2		(332,091)		(9,034)		332,365		9,067		(274)		(33)		—
Transfer to Stage 3		(13)		(1,304)		(2,256)		(975)		2,269		2,279		—
Foreign exchange adjustments		31,664		91		2,887		6		4		13		34,665
Total		1,685,980		54,523		485,075		3,544		2,310		1,250		2,232,682

An analysis of changes in ECL exposures on Performance guarantees from January 1, 2018 to December 31, 2018 is as follows:

		2018
		Stage 1				Stage 2				Stage 3
		Individual		Group		Individual		Group		Individual		Group		Total
		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
ECL exposures as at January 1, 2018		1,841		384		947		—		470		34		3,676
Net change on exposures		664		73		(113)		(2)		(310)		(11)		301
Transfer to Stage 1		—		18		—		—		—		(18)		—
Transfer to Stage 2		(439)		(87)		442		90		(3)		(3)		—
Transfer to Stage 3		—		(80)		(86)		—		86		80		—
Impact on year end ECL of exposures transferred between stages during the year		209		200		(444)		(88)		250		(79)		48
Foreign exchange adjustments		33		1		19		—		2		—		55
Total		2,308		509		765		—		495		3		4,080

Undrawn credit lines

Disclosure of contingent liabilities [line items]

Schedule of credit quality and the maximum exposure to credit risk

		2018														2017
		Stage 1				Stage 2				Stage 3
		Individual		Group		Individual		Group		Individual		Group		Total		Total
		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Normal		1,279,611		5,512,504		177,084		786,603		—		449		7,756,251		7,227,822
Substandard		—		—		1,502		—		—		—		1,502		1,791
Non-complying		—		—		—		60		328		11,184		11,572		10,793
Total		1,279,611		5,512,504		178,586		786,663		328		11,633		7,769,325		7,240,406

Schedule of change in gross carrying amount and ECL allowances

An analysis of changes in the outstanding exposures undrawn credit lines from January 1, 2018 to December 31, 2018 is as follows:

		2018
		Stage 1				Stage 2				Stage 3
		Individual		Group		Individual		Group		Individual		Group		Total
		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Outstanding exposure as at January 1, 2018		1,199,593		5,086,210		147,053		794,449		411		12,690		7,240,406
Net change on exposures		111,426		621,021		(5,449)		(114,834)		(326)		(10,615)		601,223
Transfer to Stage 1		130,936		491,857		(130,926)		(488,237)		(11)		(3,619)		—
Transfer to Stage 2		(166,795)		(561,588)		166,892		563,941		(97)		(2,353)		—
Transfer to Stage 3		(120)		(1,928)		(217)		(13,476)		337		15,404		—
Foreign exchange adjustments		4,571		(123,068)		1,233		44,820		14		126		(72,304)
Total		1,279,611		5,512,504		178,586		786,663		328		11,633		7,769,325

An analysis of changes in ECL exposures on undrawn credit lines from January 1, 2018 to December 31, 2018 is as follows:

		2018
		Stage 1				Stage 2				Stage 3
		Individual		Group		Individual		Group		Individual		Group		Total
		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
ECL exposures as at January 1, 2018		937		8,071		147		4,747		—		5,069		18,971
Net change on exposures		684		2,796		21		(2,669)		41		(1,450)		(577)
Transfer to Stage 1		99		1,463		(96)		(817)		(4)		(645)		—
Transfer to Stage 2		(87)		(3,246)		124		3,898		(37)		(652)		—
Transfer to Stage 3		—		(92)		(5)		(818)		5		910		—
Impact on year end ECL of exposures transferred between stages during the year		(3)		31		(56)		(441)		(5)		2,028		1,554
Foreign exchange adjustments		4		100		2		294		—		38		438
Total		1,634		9,123		137		4,194		—		5,298		20,386

Other commitments

Disclosure of contingent liabilities [line items]

Schedule of credit quality and the maximum exposure to credit risk

		2018														2017
		Stage 1				Stage 2				Stage 3
		Individual		Group		Individual		Group		Individual		Group		Total		Total
		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Normal		46,561		—		—		—		—		—		46,561		60,609
Substandard		—		—		—		—		—		—		—		—
Non-complying		—		—		—		—		—		—		—		—
Total		46,561		—		—		—		—		—		46,561		60,609

Schedule of change in gross carrying amount and ECL allowances

An analysis of changes in the outstanding exposures on other commitments from January 1, 2018 to December 31, 2018 is as follows:

		2018
		Stage 1				Stage 2				Stage 3
		Individual		Group		Individual		Group		Individual		Group		Total
		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Outstanding exposure as at January 1, 2018		49,519		—		11,090		—		—		—		60,609
Net change on exposures		(2,958)		—		(11,090)		—		—		—		(14,048)
Transfer to Stage 1		—		—		—		—		—		—		—
Transfer to Stage 2		—		—		—		—		—		—		—
Transfer to Stage 3		—		—		—		—		—		—		—
Foreign exchange adjustments		—		—		—		—		—		—		—
Total		46,561		—		—		—		—		—		46,561

An analysis of changes in ECL exposures on other commitments from January 1, 2018 to December 31, 2018 is as follows:

		2018
		Stage 1				Stage 2				Stage 3
		Individual		Group		Individual		Group		Individual		Group		Total
		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
ECL exposures as at January 1, 2018		—		—		—		—		—		—		—
Net change on exposures		—		—		—		—		—		—		—
Transfer to Stage 1		—		—		—		—		—		—		—
Transfer to Stage 2		—		—		—		—		—		—		—
Transfer to Stage 3		—		—		—		—		—		—		—
Impact on year end ECL of exposures transferred between stages during the year		—		—		—		—		—		—		—
Foreign exchange adjustments		—		—		—		—		—		—		—
Total		—		—		—		—		—		—		—

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