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Loans and Advances to Banks, Net

12 Months Ended

Dec. 31, 2019

Loans and Advances to Banks, net [abstract]

10.	Loans and Advances to Banks, net:

(a)

As of December 31, 2018 and 2019, loans and advance to banks, net are detailed as follows:

	2018			2019
	MCh$			MCh$
Domestic Banks
Interbank loans		100,023			150,007
Other credits with domestic banks		—			—
Provisions for loans to domestic banks		(247	)		(33	)
Subtotal		99,776			149,974

Foreign Banks
Loans to foreign banks		239,797			289,337
Credits with third countries		41,872			8,934
Chilean export trade banks		12,873			61,860
Provisions for loans to foreign banks		(765	)		(77	)
Subtotal		293,777			360,054

Central Bank of Chile
Central Bank deposits		1,100,306			630,053
Other Central Bank credits		525			—
Subtotal		1,100,831			630,053
Total		1,494,384			1,140,081

(b)

Impairment allowance for due from banks:

The credit quality and the maximum exposure to credit risk based on the Bank’s internal credit rating system and year-end stage classification as of December 31, 2018 and 2019, is as follows:

	2018								2019
	Stage 1 Individual		Stage 2 Individual		Stage 3 Individual		Total		Stage 1 Individual		Stage 2 Individual		Stage 3 Individual		Total
	MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Domestic Banks
Normal		100,023		—		—		100,023		150,007		—		—		150,007
Substandard		—		—		—		—		—		—		—		—
Non-complying		—		—		—		—		—		—		—		—
Subtotal		100,023		—		—		100,023		150,007		—		—		150,007

Foreign Banks
Normal		266,648		27,894		—		294,542		238,491		121,640		—		360,131
Substandard		—		—		—		—		—		—		—		—
Non-complying		—		—		—		—		—		—		—		—
Subtotal		266,648		27,894		—		294,542		238,491		121,640		—		360,131

Central Bank of Chile
Normal		1,100,831		—		—		1,100,831		630,053		—		—		630,053
Substandard		—		—		—		—		—		—		—		—
Non-complying		—		—		—		—		—		—		—		—
Subtotal		1,100,831		—		—		1,100,831		630,053		—		—		630,053
Total		1,467,502		27,894		—		1,495,396		1,018,551		121,640		—		1,140,191

ii.

Changes in gross carrying amount and corresponding allowance for ECL by stage as of December 31, 2018 and 2019, is as follows:

	Changes as of December 31, 2018
	Stage 1 Individual						Stage 2 Individual				Stage 3 Individual				Total
	Gross carrying amount MCh$			ECL MCh$			Gross carrying amount MCh$		ECL MCh$		Gross carrying amount MCh$		ECL MCh$		Gross carrying amount MCh$			ECL MCh$
ECL allowances as of January 1, 2018		760,285			772			—		—		—		—		760,285			772
Net change on ECL allowances *		746,808			250			1,376		9		—		—		748,184			259
Transfer to Stage 1		—			—			—		—		—		—		—			—
Transfer to Stage 2		(26,518	)		(63	)		26,518		63		—		—		—			—
Transfer to Stage 3		—			—			—		—		—		—		—			—
Impact on year-end ECL of exposures transferred between stages during the year **		—			—			—		3		—		—		—			3
Amounts written off		—			—			—		—		—		—		—			—
Foreign exchange adjustments		(13,073	)		(22	)		—		—		—		—		(13,073	)		(22	)
Total		1,467,502			937			27,894		75		—		—		1,495,396			1,012

	Changes as of December 31, 2019
	Stage 1 Individual						Stage 2 Individual						Stage 3 Individual				Total
	Gross carrying amount MCh$			ECL MCh$			Gross carrying amount MCh$			ECL MCh$			Gross carrying amount MCh$		ECL MCh$		Gross carrying amount MCh$			ECL MCh$
ECL allowances as of January 1, 2019		1,467,502			937			27,894			75			—		—		1,495,396			1,012
Net change on ECL allowances *		(321,373	)		(832	)		(6,339	)		(48	)		—		—		(327,712	)		(880	)
Transfer to Stage 1		16,405			26			(16,405	)		(26	)		—		—		—			—
Transfer to Stage 2		(126,709	)		(27	)		126,709			27			—		—		—			—
Transfer to Stage 3		—			—			—			—			—		—		—			—
Impact on year-end ECL of exposures transferred between stages during the year **		—			—			—			—			—		—		—			—
Changes to models and assumptions		—			—			—			—			—		—		—			—
Amounts written off		—			—			—			—			—		—		—			—
Foreign exchange adjustments		(17,274	)		(20	)		(10,219	)		(2	)		—		—		(27,493	)		(22	)
Total		1,018,551			84			121,640			26			—		—		1,140,191			110

Net change between assets originated and assets repaid, excluding write offs.

Represents the change in the year-end ECLs of exposures that were transferred from one stage to another during the year.