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Risk Management (Tables)

12 Months Ended

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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-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=7&date=2017-03-02&anchor=para_36_c&doctype=Standard&book=b
-URIDate 2018-03-16

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X

- References

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