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v3.20.1

Related Party Transactions (Tables) | 12 Months Ended
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Dec. 31, 2019
Disclosure of transactions between related parties [abstract] |
Schedule of loans and accounts receivable and contingent loans to related parties |
|  | Productive and Services Companies (*) |  |  | Investment Companies (**) |  |  | Individuals (***) |  |  | Total |
|  | 2018 |  |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |  |  | 2019 |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Loans and accounts receivable: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial loans |  |  | 221,351 |  |  |  | 174,370 |  |  |  | 132,366 |  |  |  | 130,237 |  |  |  | 13,183 |  |  |  | 13,563 |  |  |  | 366,900 |  |  |  | 318,170 |
Residential mortgage loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 44,756 |  |  |  | 58,477 |  |  |  | 44,756 |  |  |  | 58,477 |
Consumer loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 10,074 |  |  |  | 9,862 |  |  |  | 10,074 |  |  |  | 9,862 |
Gross loans |  |  | 221,351 |  |  |  | 174,370 |  |  |  | 132,366 |  |  |  | 130,237 |  |  |  | 68,013 |  |  |  | 81,902 |  |  |  | 421,730 |  |  |  | 386,509 |
Allowance for loan losses |  |  | (962 | ) |  |  | (782 | ) |  |  | (242 | ) |  |  | (243 | ) |  |  | (379 | ) |  |  | (889 | ) |  |  | (1,583 | ) |  |  | (1,914 | )
Net loans |  |  | 220,389 |  |  |  | 173,588 |  |  |  | 132,124 |  |  |  | 129,994 |  |  |  | 67,634 |  |  |  | 81,013 |  |  |  | 420,147 |  |  |  | 384,595 |
Contingent loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Guarantees and sureties |  |  | 5,102 |  |  |  | 5,531 |  |  |  | 14,963 |  |  |  | 9,470 |  |  |  | — |  |  |  | — |  |  |  | 20,065 |  |  |  | 15,001 |
Letters of credits |  |  | 5,310 |  |  |  | 2,365 |  |  |  | 2,776 |  |  |  | 328 |  |  |  | — |  |  |  | — |  |  |  | 8,086 |  |  |  | 2,693 |
Foreign letters of credits |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Banks guarantees |  |  | 45,842 |  |  |  | 32,650 |  |  |  | 30,122 |  |  |  | 43,478 |  |  |  | — |  |  |  | 57 |  |  |  | 75,964 |  |  |  | 76,185 |
Undrawn credit lines |  |  | 58,041 |  |  |  | 52,916 |  |  |  | 14,674 |  |  |  | 14,364 |  |  |  | 19,160 |  |  |  | 21,519 |  |  |  | 91,875 |  |  |  | 88,799 |
Other contingencies loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total contingent loans |  |  | 114,295 |  |  |  | 93,462 |  |  |  | 62,535 |  |  |  | 67,640 |  |  |  | 19,160 |  |  |  | 21,576 |  |  |  | 195,990 |  |  |  | 182,678 |
Provision for contingencies loans |  |  | (258 | ) |  |  | (214 | ) |  |  | (99 | ) |  |  | (52 | ) |  |  | (30 | ) |  |  | (37 | ) |  |  | (387 | ) |  |  | (303 | )
Contingent loans, net |  |  | 114,037 |  |  |  | 93,248 |  |  |  | 62,436 |  |  |  | 67,588 |  |  |  | 19,130 |  |  |  | 21,539 |  |  |  | 195,603 |  |  |  | 182,375 |
Amount covered by guarantee: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  |  | 28,208 |  |  |  | 30,807 |  |  |  | 52,108 |  |  |  | 57,456 |  |  |  | 69,292 |  |  |  | 69,165 |  |  |  | 149,608 |  |  |  | 157,428 |
Warrant |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Pledge |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Others (****) |  |  | 47,135 |  |  |  | 37,794 |  |  |  | 13,219 |  |  |  | 12,921 |  |  |  | 3,694 |  |  |  | 5,250 |  |  |  | 64,048 |  |  |  | 55,965 |
Total collateral |  |  | 75,343 |  |  |  | 68,601 |  |  |  | 65,327 |  |  |  | 70,377 |  |  |  | 72,986 |  |  |  | 74,415 |  |  |  | 213,656 |  |  |  | 213,393 |
| (*) | For these effects are considered productive companies, those that meet the following conditions:
| (i) | They engage in operating activities and generate a separable flow of income;
| (ii) | Less than 50% of their assets are trading securities or investments.
Service companies are considered entities whose main purpose is oriented to rendering services to third parties.
| (**) | Investment companies include those legal entities that do not comply with the conditions for operating companies and are profit-oriented.
| (***) | Individuals include key members of the management and correspond to those who directly or indirectly have authority and responsibility for planning, administrating and controlling the activities of the organization, including directors. This category also includes their family members who influence or are influenced by such individuals in their interactions with the organization.
| (****) | These guarantees correspond mainly to shares and other financial guarantees.
Schedule of other assets and liabilities with related parties |
|  | 2018 |  |  | 2019 |
|  | MCh$ |  |  | MCh$ |
Assets |  |  |  |  |  |
Cash and due from banks |  |  | 23,086 |  |  |  | 99,802 |
Transactions in the course of collection |  |  | 35,469 |  |  |  | 63,969 |
Financial assets held-for-trading |  |  | 205 |  |  |  | 880 |
Derivative instruments |  |  | 415,683 |  |  |  | 495,378 |
Investment instruments |  |  | 14,690 |  |  |  | 12,141 |
Other assets |  |  | 80,569 |  |  |  | 76,548 |
Total |  |  | 569,702 |  |  |  | 748,718 |
Liabilities |  |  |  |  |  |  |  |
Demand deposits |  |  | 169,607 |  |  |  | 227,377 |
Transactions in the course of payment |  |  | 58,987 |  |  |  | 16,202 |
Obligations under repurchase agreements |  |  | 84,465 |  |  |  | 54,030 |
Savings accounts and time deposits |  |  | 219,322 |  |  |  | 396,028 |
Derivative instruments |  |  | 337,299 |  |  |  | 432,669 |
Borrowings from financial institutions |  |  | 228,269 |  |  |  | 292,172 |
Lease liabilities |  |  | ― |  |  |  | 5,138 |
Other liabilities |  |  | 115,145 |  |  |  | 151,335 |
Total |  |  | 1,213,094 |  |  |  | 1,574,951 |
Schedule of income and expenses from related party transactions |
|  | 2017 |  |  | 2018 |  |  | 2019 |
Type of income or expense recognized |  | Income MCh$ |  |  | Expense MCh$ |  |  | Income MCh$ |  |  | Expense MCh$ |  |  | Income MCh$ |  |  | Expense MCh$ |
Interest and revenue expenses |  |  | 26,485 |  |  |  | 9,332 |  |  |  | 21,736 |  |  |  | 7,196 |  |  |  | 19,039 |  |  |  | 2,619 |
Fees and commission income |  |  | 65,995 |  |  |  | 69,843 |  |  |  | 70,286 |  |  |  | 74,205 |  |  |  | 72,931 |  |  |  | 65,383 |
Net financial operating income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative instruments (*) |  |  | 33,540 |  |  |  | 97,416 |  |  |  | 85,500 |  |  |  | 42,365 |  |  |  | 124,967 |  |  |  | 73,252 |
Other financial operations |  |  | 1 |  |  |  | ― |  |  |  | ― |  |  |  | ― |  |  |  | 87 |  |  |  | 119 |
Release or established of provision for credit risk |  |  | ― |  |  |  | 252 |  |  |  | ― |  |  |  | 34 |  |  |  | ― |  |  |  | 106 |
Operating expenses |  |  | ― |  |  |  | 100,389 |  |  |  | ― |  |  |  | 105,734 |  |  |  | ― |  |  |  | 120,559 |
Other income and expenses |  |  | 3,723 |  |  |  | 56 |  |  |  | 446 |  |  |  | 45 |  |  |  | 542 |  |  |  | 26 |
| (*) | The outcome of derivative operations is presented net at each related counterparty level. Additionally, this line includes operations with local counterpart banks (unrelated) which have been novated by Comder Contraparte Central S.A. (Related entity) for centralized clearing purposes, which generated a net gain of Ch$123,461 million as of December 31, 2019 (net gain of Ch$71,297 million as of December 31, 2018 and net loss of Ch$96,075 as of December 31, 2017).
Schedule of payments and composition of key management personnel |
|  | 2017 |  |  | 2018 |  |  | 2019 |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Personnel remunerations |  |  | 4,149 |  |  |  | 3,926 |  |  |  | 4,148 |
Short-term benefits |  |  | 3,302 |  |  |  | 3,476 |  |  |  | 3,255 |
Severance pay |  |  | 276 |  |  |  | 1,037 |  |  |  | 1,264 |
Directors' remunerations and fees (*) |  |  | 2,505 |  |  |  | 2,511 |  |  |  | 2,509 |
Total |  |  | 10,232 |  |  |  | 10,950 |  |  |  | 11,176 |
| (*) | It includes fees paid to members of the Advisory Committee of Banchile Corredores de Seguros Ltda, of Ch$13 million (Ch$12 million in December 2018 and Ch$18 in December 2017).
|  | N° of executives |
Position |  | 2018 |  |  | 2019 |
CEO |  |  | 1 |  |  |  | 1 |
CEOs of subsidiaries |  |  | 6 |  |  |  | 6 |
Division Managers |  |  | 13 |  |  |  | 13 |
Directors Bank and subsidiaries |  |  | 20 |  |  |  | 21 |
Total |  |  | 40 |  |  |  | 41 |

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