XML 173 R30.htm IDEA: XBRL DOCUMENT

Provisions

12 Months Ended

Dec. 31, 2019

Disclosure of other provisions [abstract]

24.	Provisions:

(a)

As of December 31, 2018 and 2019, provisions are detailed as follows:

	2018 MCh$		2019 MCh$
Provision for minimum dividends		178,462		177,902
Provisions for contingent loan risks		25,016		24,971
Provisions for other contingencies		468		501
Total		203,946		203,374

(b)

The following table details the changes in provisions during 2018 and 2019:

	Minimum dividends MCh$			Contingent loan risks MCh$			Other MCh$			Total MCh$

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

Balances as of January 1, 2019		178,462			25,016			468			203,946
Provisions established		177,902			―			33			177,935
Provisions used		(178,462	)		(45	)		―			(178,507	)
Provisions released		―			―			―			―
Balances as of December 31, 2019		177,902			24,971			501			203,374

(c)

Impairment losses on contingent loan risks:

Provisions for contingent loan risks are detailed as follows:

	Outstanding exposure				ECL
	2018 MCh$		2019 MCh$		2018 MCh$		2019 MCh$
Foreign office guarantees and standby letters of credit		341,676		280,838		428		63
Confirmed foreign letters of credit		56,764		94,673		29		4
Issued foreign letters of credit		388,396		316,916		93		51
Performance guarantees		2,232,682		2,283,390		4,080		4,037
Undrawn credit lines		7,769,325		7,870,260		20,386		20,816
Other commitments		46,561		155,163		―		―
Total		10,835,404		11,001,240		25,016		24,971

An analysis of changes in the gross carrying amount and the corresponding allowance for impairment losses in relation to each contingent loan risk is, as follow:

Foreign office guarantees and standby letters of credit:

The table below shows 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.

	As of December 31, 2018
	Stage 1				Stage 2				Stage 3
	Individual MCh$		Group MCh$		Individual MCh$		Group MCh$		Individual MCh$		Group MCh$		Total MCh$
Normal		332,965		138		8,226		-		-		-		341,329
Substandard		-		-		347		-		-		-		347
Non-complying		-		-		-		-		-		-		-
Total		332,965		138		8,573		-		-		-		341,676

	As of December 31, 2019
	Stage 1				Stage 2				Stage 3
	Individual MCh$		Group MCh$		Individual MCh$		Group MCh$		Individual MCh$		Group MCh$		Total MCh$
Normal		249,306		395		30,761		-		-		-		280,462
Substandard		-		-		376		-		-		-		376
Non-complying		-		-		-		-		-		-		-
Total		249,306		395		31,137		-		-		-		280,838

An analysis of changes in the outstanding exposures on foreign office guarantees and standby letters of credit during the 2018 and 2019 periods are as follows:

	Stage 1						Stage 2						Stage 3
	Individual MCh$			Group MCh$			Individual MCh$			Group MCh$			Individual MCh$			Group MCh$		Total MCh$
Outstanding exposure as of 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
Exposure as of December 31, 2018		332,965			138			8,573			-			-			-		341,676

Outstanding exposure as of January 1, 2019		332,965			138			8,573			-			-			-		341,676
Net change on exposures		(47,268	)		273			7,604			7			-			-		(39,384	)
Transfer to Stage 1		5,243			7			(5,243	)		(7	)		-			-		-
Transfer to Stage 2		(22,454	)		-			22,454			-			-			-		-
Transfer to Stage 3		-			-			-			-			-			-		-
Foreign exchange adjustments		(19,180	)		(23	)		(2,251	)		-			-			-		(21,454	)
Exposure as of December 31, 2019		249,306			395			31,137			-			-			-		280,838

An analysis of changes in ECL exposures on foreign office guarantees and standby letters of credit during the 2018 and 2019 periods are as follows:

	Stage 1						Stage 2					Stage 3
	Individual MCh$			Group MCh$			Individual MCh$			Group MCh$		Individual MCh$			Group MCh$		Total MCh$
ECL exposures as of 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
ECL as of December 31, 2018		428			-			-			-		-			-		428

ECL exposures as of January 1, 2019		428			-			-			-		-			-		428
Net change on exposures		(366	)		-			18			-		-			-		(348	)
Transfer to Stage 1		8			-			(8	)		-		-			-		-
Transfer to Stage 2		(6	)		-			6			-		-			-		-
Transfer to Stage 3		-			-			-			-		-			-		-
Impact on year-end ECL of exposures transferred between stages during the year		(1	)		-			-			-		-			-		(1	)
Changes to models and assumptions		(32	)		-			7			-		-			-		(25	)
Foreign exchange adjustments		10			-			(1	)		-		-			-		9
ECL as of December 31, 2019		41			-			22			-		-			-		63

Confirmed foreign letters of credit:

The table below shows 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
	Stage 1				Stage 2				Stage 3
	Individual MCh$		Group MCh$		Individual MCh$		Group MCh$		Individual MCh$		Group MCh$		Total MCh$
Normal		56,764		-		-		-		-		-		56,764
Substandard		-		-		-		-		-		-		-
Non-complying		-		-		-		-		-		-		-
Total		56,764		-		-		-		-		-		56,764

	As of December 31, 2019
	Stage 1				Stage 2				Stage 3
	Individual MCh$		Group MCh$		Individual MCh$		Group MCh$		Individual MCh$		Group MCh$		Total MCh$
Normal		94,673		-		-		-		-		-		94,673
Substandard		-		-		-		-		-		-		-
Non-complying		-		-		-		-		-		-		-
Total		94,673		-		-		-		-		-		94,673

An analysis of changes in the outstanding exposures on confirmed foreign letters of credit during the 2018 and 2019 periods are as follows:

	Stage 1					Stage 2					Stage 3
	Individual MCh$			Group MCh$		Individual MCh$			Group MCh$		Individual MCh$		Group MCh$		Total MCh$
Outstanding exposure as of 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
Exposure as of December 31, 2018		56,764			-		-			-		-		-		56,764

Outstanding exposure as of January 1, 2019		56,764			-		-			-		-		-		56,764
Net change on exposures		46,648			-		-			-		-		-		46,648
Transfer to Stage 1		-			-		-			-		-		-		-
Transfer to Stage 2		-			-		-			-		-		-		-
Transfer to Stage 3		-			-		-			-		-		-		-
Foreign exchange adjustments		(8,739	)		-		-			-		-		-		(8,739	)
Exposure as of December 31, 2019		94,673			-		-			-		-		-		94,673

An analysis of changes in ECL exposures on confirmed foreign letters of credit during the 2018 and 2019 periods are as follows:

	Stage 1					Stage 2				Stage 3
	Individual MCh$			Group MCh$		Individual MCh$		Group MCh$		Individual MCh$		Group MCh$		Total MCh$
ECL exposures as of 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
ECL as of December 31, 2018		29			-		-		-		-		-		29

ECL exposures as of January 1, 2019		29			-		-		-		-		-		29
Net change on exposures		(24	)		-		-		-		-		-		(24	)
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		-			-		-		-		-		-		-
Changes to models and assumptions		(1	)												(1	)
Foreign exchange adjustments		-			-		-		-		-		-		-
ECL as of December 31, 2019		4			-		-		-		-		-		4

Issued foreign letters of credit:

The table below shows 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
	Stage 1				Stage 2				Stage 3
	Individual MCh$		Group MCh$		Individual MCh$		Group MCh$		Individual MCh$		Group MCh$		Total MCh$
Normal		344,874		1,585		41,823		114		-		-		388,396
Substandard		-		-		-		-		-		-		-
Non-complying		-		-		-		-		-		-		-
Total		344,874		1,585		41,823		114		-		-		388,396

	As of December 31, 2019
	Stage 1				Stage 2				Stage 3
	Individual MCh$		Group MCh$		Individual MCh$		Group MCh$		Individual MCh$		Group MCh$		Total MCh$
Normal		149,753		1,308		165,538		317		-		-		316,916
Substandard		-		-		-		-		-		-		-
Non-complying		-		-		-		-		-		-		-
Total		149,753		1,308		165,538		317		-		-		316,916

An analysis of changes in the outstanding exposures on issued foreign letters of credit during the 2018 and 2019 periods are as follows:

	Stage 1						Stage 2						Stage 3
	Individual MCh$			Group MCh$			Individual MCh$			Group MCh$			Individual MCh$		Group MCh$		Total MCh$
Outstanding exposure as of 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
Exposure as of December 31, 2018		344,874			1,585			41,823			114			-		-		388,396

Outstanding exposure as of January 1, 2019		344,874			1,585			41,823			114			-		-		388,396
Net change on exposures		(41,247	)		(362	)		(21,391	)		371			-		-		(62,629	)
Transfer to Stage 1		20,794			491			(20,794	)		(491	)		-		-		-
Transfer to Stage 2		(167,024	)		(333	)		167,024			333			-		-		-
Transfer to Stage 3		-			-			-			-			-		-		-
Foreign exchange adjustments		(7,644	)		(73	)		(1,124	)		(10	)		-		-		(8,851	)
Exposure as of December 31, 2019		149,753			1,308			165,538			317			-		-		316,916

An analysis of changes in ECL exposures on issued foreign letters of credit during the 2018 and 2019 periods are as follows:

	Stage 1						Stage 2						Stage 3
	Individual MCh$			Group MCh$			Individual MCh$			Group MCh$			Individual MCh$		Group MCh$		Total MCh$
ECL exposures as of 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
ECL as of December 31, 2019		83			10			-			-			-		-		93

ECL exposures as of January 1, 2019		83			10			-			-			-		-		93
Net change on exposures		(61	)		(8	)		10			18			-		-		(41	)
Transfer to Stage 1		-			-			-			-			-		-		-
Transfer to Stage 2		(3	)		(1	)		3			1			-		-		-
Transfer to Stage 3		-			-			-			-			-		-		-
Impact on year-end ECL of exposures transferred between stages during the year		-			-			(2	)		-			-		-		(2	)
Changes to models and assumptions		1			-			-			-			-		-		1
Foreign exchange adjustments		-			-			-			-			-		-		-
ECL as of December 31, 2019		20			1			11			19			-		-		51

Performance guarantees:

The table below shows 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
	Stage 1				Stage 2				Stage 3
	Individual MCh$		Group MCh$		Individual MCh$		Group MCh$		Individual MCh$		Group MCh$		Total MCh$
Normal		1,685,980		54,523		477,489		3,470		-		22		2,221,484
Substandard		-		-		7,586		-		-		-		7,586
Non-complying		-		-		-		74		2,310		1,228		3,612
Total		1,685,980		54,523		485,075		3,544		2,310		1,250		2,232,682

	As of December 31, 2019
	Stage 1				Stage 2				Stage 3
	Individual MCh$		Group MCh$		Individual MCh$		Group MCh$		Individual MCh$		Group MCh$		Total MCh$
Normal		1,804,374		44,325		414,621		10,970		-		-		2,274,290
Substandard		-		-		5,806		-		-		-		5,806
Non-complying		-		-		-		-		2,194		1,100		3,294
Total		1,804,374		44,325		420,427		10,970		2,194		1,100		2,283,390

An analysis of changes in the outstanding exposures on Performance guarantees during the 2018 and 2019 periods are as follows:

	Stage 1						Stage 2						Stage 3
	Individual MCh$			Group MCh$			Individual MCh$			Group MCh$			Individual MCh$			Group MCh$			Total MCh$
Outstanding exposure as of 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
Exposure as of December 31, 2018		1,685,980			54,523			485,075			3,544			2,310			1,250			2,232,682

Outstanding exposure as of January 1, 2019		1,685,980			54,523			485,075			3,544			2,310			1,250			2,232,682
Net change on exposures		129,463			(10,568	)		(38,887	)		8,898			(2,950	)		(1,203	)		84,753
Transfer to Stage 1		249,755			18,249			(249,755	)		(18,092	)		-			(157	)		-
Transfer to Stage 2		(229,813	)		(17,111	)		230,906			17,417			(1,093	)		(306	)		-
Transfer to Stage 3		(74	)		(729	)		(3,884	)		(792	)		3,958			1,521			-
Foreign exchange adjustments		(30,937	)		(39	)		(3,028	)		(5	)		(31	)		(5	)		(34,045	)
Exposure as of December 31, 2019		1,804,374			44,325			420,427			10,970			2,194			1,100			2,283,390

An analysis of changes in ECL exposures on Performance guarantees during the 2018 and 2019 periods are as follows:

	Stage 1						Stage 2						Stage 3
	Individual MCh$			Group MCh$			Individual MCh$			Group MCh$			Individual MCh$			Group MCh$			Total MCh$
ECL exposures as of 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
ECL as of December 31, 2018		2,308			509			765			-			495			3			4,080

ECL exposures as of January 1, 2019		2,308			509			765			-			495			3			4,080
Net change on exposures		(1,717	)		(178	)		767			789			(791	)		471			(659	)
Transfer to Stage 1		287			20			(287	)		(20	)		-			-			-
Transfer to Stage 2		(249	)		(233	)		919			233			(670	)		-			-
Transfer to Stage 3		(2	)		(22	)		(192	)		(17	)		194			39			-
Impact on year-end ECL of exposures transferred between stages during the year		(18	)		182			(684	)		(231	)		1,263			(39	)		473
Changes to models and assumptions		(15	)		-			152			-			-			-			137
Foreign exchange adjustments		7			(1	)		-			-			-			-			6
ECL as of December 31, 2019		601			277			1,440			754			491			474			4,037

Undrawn credit lines:

The table below shows 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
	Stage 1				Stage 2				Stage 3
	Individual MCh$		Group MCh$		Individual MCh$		Group MCh$		Individual MCh$		Group MCh$		Total MCh$
Normal		1,279,611		5,512,504		177,084		786,603		-		449		7,756,251
Substandard		-		-		1,502		-		-		-		1,502
Non-complying		-		-		-		60		328		11,184		11,572
Total		1,279,611		5,512,504		178,586		786,663		328		11,633		7,769,325

	As of December 31, 2019
	Stage 1				Stage 2				Stage 3
	Individual MCh$		Group MCh$		Individual MCh$		Group MCh$		Individual MCh$		Group MCh$		Total MCh$
Normal		1,135,118		6,434,148		81,990		207,646		-		-		7,858,902
Substandard		-		-		1,468		-		-		-		1,468
Non-complying		-		-		-		-		359		9,531		9,890
Total		1,135,118		6,434,148		83,458		207,646		359		9,531		7,870,260

An analysis of changes in the outstanding exposures undrawn credit lines during the 2018 and 2019 periods are as follows:

	Stage 1						Stage 2						Stage 3
	Individual MCh$			Group MCh$			Individual MCh$			Group MCh$			Individual MCh$			Group MCh$			Total MCh$
Outstanding exposure as of 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	)
Exposure as of December 31, 2018		1,279,611			5,512,504			178,586			786,663			328			11,633			7,769,325

Outstanding exposure as of January 1, 2019		1,279,611			5,512,504			178,586			786,663			328			11,633			7,769,325
Net change on exposures		(182,381	)		668,090			(50,111	)		(96,818	)		(204	)		(8,651	)		329,925
Transfer to Stage 1		162,455			1,058,685			(162,453	)		(1,058,572	)		(2	)		(113	)		-
Transfer to Stage 2		(118,673	)		(593,536	)		118,848			598,413			(175	)		(4,877	)		-
Transfer to Stage 3		(57	)		(1,970	)		(365	)		(9,938	)		422			11,908			-
Foreign exchange adjustments		(5,837	)		(209,625	)		(1,047	)		(12,102	)		(10	)		(369	)		(228,990	)
Exposure as of December 31, 2019		1,135,118			6,434,148			83,458			207,646			359			9,531			7,870,260

An analysis of changes in ECL exposures on undrawn credit lines during the 2018 and 2019 periods are as follows:

	Stage 1						Stage 2						Stage 3
	Individual MCh$			Group MCh$			Individual MCh$			Group MCh$			Individual MCh$			Group MCh$			Total MCh$
ECL exposures as of 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
ECL as of December 31, 2018		1,634			9,123			137			4,194			-			5,298			20,386

ECL exposures as of January 1, 2019		1,634			9,123			137			4,194			-			5,298			20,386
Net change on exposures		(1,229	)		4,832			25			(1,245	)		63			(848	)		1,598
Transfer to Stage 1		88			6,162			(87	)		(6,141	)		(1	)		(21	)		-
Transfer to Stage 2		(113	)		(6,056	)		191			7,838			(78	)		(1,782	)		-
Transfer to Stage 3		-			(149	)		(12	)		(792	)		12			941			-
Impact on year-end ECL of exposures transferred between stages during the year		(35	)		(389	)		(129	)		(1,116	)		83			1,006			(580	)
Changes to models and assumptions		(112	)		(269	)		63			(28	)		-			-			(346	)
Foreign exchange adjustments		1			(119	)		(3	)		(66	)		(1	)		(54	)		(242	)
ECL as of December 31, 2019		234			13,135			185			2,644			78			4,540			20,816

Other commitments:

	As of December 31, 2018
	Stage 1				Stage 2				Stage 3
	Individual MCh$		Group MCh$		Individual MCh$		Group MCh$		Individual MCh$		Group MCh$		Total MCh$
Normal		46,561		-		-		-		-		-		46,561
Substandard		-		-		-		-		-		-		-
Non-complying		-		-		-		-		-		-		-
Total		46,561		-		-		-		-		-		46,561

	As of December 31, 2019
	Stage 1				Stage 2				Stage 3
	Individual MCh$		Group MCh$		Individual MCh$		Group MCh$		Individual MCh$		Group MCh$		Total MCh$
Normal		155,163		-		-		-		-		-		155,163
Substandard		-		-		-		-		-		-		-
Non-complying		-		-		-		-		-		-		-
Total		155,163		-		-		-		-		-		155,163

An analysis of changes in the outstanding exposures on other commitments during the 2018 and 2019 periods are as follows:

	Stage 1					Stage 2					Stage 3
	Individual MCh$			Group MCh$		Individual MCh$			Group MCh$		Individual MCh$		Group MCh$		Total MCh$
Outstanding exposure as of 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		-			-		-			-		-		-		-
Exposure as of December 31, 2018		46,561			-		-			-		-		-		46,561

Outstanding exposure as of January 1, 2019		46,561			-		-			-		-		-		46,561
Net change on exposures		108,602			-		-			-		-		-		108,602
Transfer to Stage 1		-			-		-			-		-		-		-
Transfer to Stage 2		-			-		-			-		-		-		-
Transfer to Stage 3		-			-		-			-		-		-		-
Foreign exchange adjustments		-			-		-			-		-		-		-
Exposure as of December 31, 2019		155,163			-		-			-		-		-		155,163

An analysis of changes in ECL exposures on other commitments during the 2018 and 2019 periods are as follows:

Stage 1

Stage 2

Stage 3

Individual MCh$

Group MCh$

Individual MCh$

Group MCh$

Individual MCh$

Group MCh$

Total

MCh$

ECL exposures as of 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

ECL as of December 31, 2018

ECL exposures as of January 1, 2019

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

Changes to models and assumptions

Foreign exchange adjustments

ECL as of December 31, 2019