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Loans to Customers at Amortized Cost (Tables)

12 Months Ended

Dec. 31, 2019

Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]

Schedule of loans to customers, net

		As of December 31, 2018												As of December 31, 2019
		Assets before Allowances				Allowances established				Net assets				Assets before Allowances				Allowances established				Net assets
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$
Commercial loans
Commercial loans			11,496,591				(175,122	)			11,321,469				12,144,720				(197,530	)			11,947,190
Foreign trade loans			1,313,001				(12,922	)			1,300,079				1,431,794				(12,306	)			1,419,488
Current account debtors			222,218				(9,116	)			213,102				265,762				(9,443	)			256,319
Factoring transactions			701,005				(4,017	)			696,988				688,198				(4,878	)			683,320
Student loans			51,919				(1,441	)			50,478				56,219				(2,442	)			53,777
Commercial lease transactions (1)			1,571,999				(15,778	)			1,556,221				1,619,772				(18,746	)			1,601,026
Other loans and accounts receivable			81,665				(10,468	)			71,197				87,747				(9,456	)			78,291
Subtotal			15,438,398				(228,864	)			15,209,534				16,294,212				(254,801	)			16,039,411
Mortgage loans
Mortgage bonds			21,443				(221	)			21,222				14,808				(174	)			14,634
Transferable mortgage loans			42,313				(226	)			42,087				32,386				(157	)			32,229
Other residential real estate mortgage loans			7,978,092				(33,875	)			7,944,217				9,148,811				(43,363	)			9,105,448
Credits from ANAP			6				―				6				4				―				4
Other loans and accounts receivable			10,219				(8	)			10,211				10,718				(14	)			10,704
Subtotal			8,052,073				(34,330	)			8,017,743				9,206,727				(43,708	)			9,163,019
Consumer loans
Consumer loans in installments			2,957,493				(263,542	)			2,693,951				3,039,560				(281,437	)			2,758,123
Current account debtors			312,783				(12,868	)			299,915				296,374				(14,450	)			281,924
Credit card debtors			1,165,064				(45,254	)			1,119,810				1,195,614				(54,304	)			1,141,310
Consumer lease transactions (1)			9				―				9				69				―				69
Other loans and accounts receivable			812				(520	)			292				716				(533	)			183
Subtotal			4,436,161				(322,184	)			4,113,977				4,532,333				(350,724	)			4,181,609
Total			27,926,632				(585,378	)			27,341,254				30,033,272				(649,233	)			29,384,039

(1)

In this item, the Bank finances its customers' purchases of assets, including real estate and other personal property, through financial lease agreements. As of December 31, 2019, Ch$779,682 million corresponds to financial leases for real estate (Ch$758,970 million in December 2018) and Ch$840,159 million corresponds to financial leases for other assets (Ch$813,038 million in December 2018).

Schedule of changes in allowances for loan losses

		Commercial				Mortgage				Consumer				Total
		MCh$				MCh$				MCh$				MCh$
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
Charge-offs			(55,698	)			(7,790	)			(249,712	)			(313,200	)
Sales or transfers of credits			―				―				―				―
Allowances (released) established, net			81,635				17,168				278,252				377,055
Balance as of December 31, 2019			254,801				43,708				350,724				649,233

Schedule of cash flows to be received from financial leasing contracts

		Total receivable								Unearned income								Net lease receivable (*)
		2018				2019				2018				2019				2018				2019
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$
Due within one year			519,186				544,067				(60,216	)			(58,871	)			458,970				485,196
Due after 1 year but within 2 years			383,164				392,832				(44,066	)			(42,302	)			339,098				350,530
Due after 2 years but within 3 years			255,997				258,331				(28,740	)			(27,329	)			227,257				231,002
Due after 3 years but within 4 years			162,310				163,847				(19,471	)			(18,361	)			142,839				145,486
Due after 4 years but within 5 years			108,453				108,192				(13,992	)			(13,242	)			94,461				94,950
Due after 5 years			336,705				335,695				(33,666	)			(30,313	)			303,039				305,382
Total			1,765,815				1,802,964				(200,151	)			(190,418	)			1,565,664				1,612,546

(*)

The net balance receivable does not include the total overdue portfolio totaling Ch$6,344 million and Ch$7,295 million as of December 31, 2018 and 2019, respectively. This overdue portfolio only reflects the past due portion without considering the remaining outstanding principal and interest.

Schedule of loans by industry sector

		Location
		Chile								Abroad								Total
		2018				2019				2018				2019				2018								2019
		MCh$				MCh$				MCh$				MCh$				MCh$				%				MCh$				%
Commercial loans:
Financial services			2,119,815				2,584,499				2,784				3,060				2,122,599				7.60				2,587,559				8.62
Services			2,109,143				2,267,433				348				436				2,109,491				7.55				2,267,869				7.55
Construction			1,752,237				2,142,699				―				―				1,752,237				6.27				2,142,699				7.13
Commerce			2,285,895				2,055,183				38,430				11,189				2,324,325				8.32				2,066,372				6.88
Manufacturing			1,544,862				1,624,972				34,613				―				1,579,475				5.66				1,624,972				5.41
Agriculture and livestock			1,582,520				1,623,465				―				―				1,582,520				5.67				1,623,465				5.41
Transportation and telecommunications			1,480,773				1,234,087				17,369				―				1,498,142				5.37				1,234,087				4.11
Mining			453,549				604,660				―				―				453,549				1.62				604,660				2.01
Electricity, gas and water			461,351				325,143				―				―				461,351				1.65				325,143				1.08
Fishing			156,472				140,709				―				―				156,472				0.56				140,709				0.47
Other			1,398,237				1,676,677				―				―				1,398,237				5.01				1,676,677				5.58
Subtotal			15,344,854				16,279,527				93,544				14,685				15,438,398				55.28				16,294,212				54.25
Residential mortgage loans			8,052,073				9,206,727				―				―				8,052,073				28.83				9.206.727				30.66
Consumer loans			4,436,161				4,532,333				―				―				4,436,161				15.89				4,532,333				15.09
Total			27,833,088				30,018,587				93,544				14,685				27,926,632				100.00				30,033,272				100.00

Schedule of sale or transfer of loan portfolio

		As of December 31, 2017
		Carrying amount				Allowances released				Sale price				Effect on income (loss) gain
		MCh$				MCh$				MCh$				MCh$

Sale of outstanding loans			33,681				(11,595	)			24,126				2,040
Sale of write-off loans			—				—				23				23
Total			33,681				(11,595	)			24,149				2,063

		As of December 31, 2018
		Carrying amount				Allowances released				Sale price				Effect on income (loss) gain
		MCh$				MCh$				MCh$				MCh$

Sale of outstanding loans			22,567				(958	)			21,876				267
Sale of write-off loans			—				—				—				—
Total			22,567				(958	)			21,876				267

		As of December 31, 2019
		Carrying amount				Allowances released				Sale price				Effect on income (loss) gain
		MCh$				MCh$				MCh$				MCh$

Sale of outstanding loans			12,420				—				12,420				—
Sale of write-off loans			—				—				—				—
Total			12,420				—				12,420				—

Loans to customers

Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]

Schedule of credit quality and the maximum exposure to credit risk

		2018
		Stage 1								Stage 2								Stage 3
		Individual				Group				Individual				Group				Individual				Group				POCI				Total
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$
Commercial loans
Normal			9,426,420				3,049,264				2,039,954				447,225				-				6,702				-				14,969,565
Substandard			-				-				94,894				-				-				-				-				94,894
Non-complying			-				-				-				13,026				120,564				239,734				615				373,939
Subtotal			9,426,420				3,049,264				2,134,848				460,251				120,564				246,436				615				15,438,398

Mortgage loans
Normal			-				6,893,619				-				993,085				-				513				-				7,887,217
Non-complying			-				-				-				-				-				164,856				-				164,856
Subtotal			-				6,893,619				-				993,085				-				165,369				-				8,052,073

Consumer loans
Normal			-				3,166,290				-				975,898				-				24,579				-				4,166,767
Non-complying			-				-				-				-				-				269,394				-				269,394
Subtotal			-				3,166,290				-				975,898				-				293,973				-				4,436,161
Total			9,426,420				13,109,173				2,134,848				2,429,234				120,564				705,778				615				27,926,632

		2019
		Stage 1								Stage 2								Stage 3
		Individual				Group				Individual				Group				Individual				Group				POCI				Total
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$
Commercial loans
Normal			9,880,799				3,369,494				1,987,763				561,831				-				779				-				15,800,666
Substandard			-				-				71,718				-				-				-				-				71,718
Non-complying			-				-				-				-				152,972				267,220				1,636				421,828
Subtotal			9,880,799				3,369,494				2,059,481				561,831				152,972				267,999				1,636				16,294,212

Mortgage loans
Normal			-				8,209,100				-				822,524				-				-				-				9,031,624
Non-complying			-				-				-				-				-				175,103				-				175,103
Subtotal			-				8,209,100				-				822,524				-				175,103				-				9,206,727

Consumer loans
Normal			-				3,860,973				-				372,814				-				7,555				-				4,241,342
Non-complying			-				-				-				-				-				290,903				88				290,991
Subtotal			-				3,860,973				-				372,814				-				298,458				88				4,532,333
Total			9,880,799				15,439,567				2,059,481				1,757,169				152,972				741,560				1,724				30,033,272

Schedule of change in gross carrying amount and ECL allowances

		Changes as of December 31, 2018
		Stage 1																Stage 2																Stage 3																POCI								Total
		Individual								Group								Individual								Group								Individual								Group
		Gross carrying amount MCh$				ECL MCh$				Gross carrying amount MCh$				ECL MCh$				Gross carrying amount MCh$				ECL MCh$				Gross carrying amount MCh$				ECL MCh$				Gross carrying amount MCh$				ECL MCh$				Gross carrying amount MCh$				ECL MCh$				Gross carrying amount MCh$				ECL MCh$				Gross carrying amount MCh$				ECL MCh$
Commercial loans
Balance as of January 1, 2018			8,446,627				16,527				2,506,255				16,663				2,228,401				31,252				408,337				20,247				162,231				50,014				208,944				86,701				23				6				13,960,818				221,410
Net change on Balance *			968,288				9,424				780,778				12,463				(254,542	)			(5,045	)			(105,114	)			(18,338	)			(81,058	)			(18,715	)			(4,607	)			31,406				592				293				1,304,337				11,488
Transfer to Stage 1			681,223				4,114				375,672				14,807				(680,838	)			(3,981	)			(346,936	)			(6,387	)			(385	)			(133	)			(28,736	)			(8,420	)			-				-				-				-
Transfer to Stage 2			(811,209	)			(2,600	)			(602,997	)			(11,606	)			822,133				8,805				630,963				15,817				(10,924	)			(6,205	)			(27,966	)			(4,211	)			-				-				-				-
Transfer to Stage 3			(15,175	)			(70	)			(16,665	)			(1,189	)			(32,569	)			(4,134	)			(127,676	)			(13,572	)			47,744				4,204				144,341				14,761				-				-				-				-
Impact on year-end ECL of exposures transferred between stages during the year**			-				(2,702	)			-				(9,589	)			-				4,512				-				23,822				-				5,505				-				21,568				-				-				-				43,116
Amounts written off			(150	)			(150	)			(67	)			(67	)			(11	)			(11	)			(468	)			(468	)			(5,422	)			(5,422	)			(46,301	)			(46,301	)			-				-				(52,419	)			(52,419	)
Foreign exchange adjustments			156,816				337				6,288				112				52,274				945				1,145				46				8,378				3,446				761				383				-				-				225,662				5,269
Subtotal Commercial loans			9,426,420				24,880				3,049,264				21,594				2,134,848				32,343				460,251				21,167				120,564				32,694				246,436				95,887				615				299				15,438,398				228,864

Mortgage loans
Balance as of January 1, 2018			-				-				6,410,939				740				-				-				904,826				17,351				-				-				161,471				15,686				-				-				7,477,236				33,777
Net change on Balance *			-				-				734,990				299				-				-				(115,034	)			(8,772	)			-				-				(38,126	)			4,417				-				-				581,830				(4,056	)
Transfer to Stage 1			-				-				399,309				892				-				-				(397,363	)			(758	)			-				-				(1,946	)			(134	)			-				-				-				-
Transfer to Stage 2			-				-				(651,619	)			(404	)			-				-				671,775				2,112				-				-				(20,156	)			(1,708	)			-				-				-				-
Transfer to Stage 3			-				-				-				-				-				-				(71,113	)			(2,693	)			-				-				71,113				2,693				-				-				-				-
Impact on year-end ECL of exposures transferred between stages during the year**			-				-				-				(803	)			-				-				-				9,661				-				-				-				2,744				-				-				-				11,602
Amounts written off			-				-				-				-				-				-				(6	)			(6	)			-				-				(6,987	)			(6,987	)			-				-				(6,993	)			(6,993	)
Foreign exchange adjustments			-				-				-				-				-				-				-				-				-				-				-				-				-				-				-				-
Subtotal Mortgage loans			-				-				6,893,619				724				-				-				993,085				16,895				-				-				165,369				16,711				-				-				8,052,073				34,330

Consumer loans
Balance as of January 1, 2018			-				-				2,761,640				44,078				-				-				967,918				115,096				-				-				283,901				155,277				-				-				4,013,459				314,451
Net change on Balance *			-				-				1,007,548				40,305				-				-				(416,546	)			(91,527	)			-				-				60,645				119,321				-				-				651,647				68,099
Transfer to Stage 1			-				-				381,126				26,682				-				-				(335,330	)			(9,604	)			-				-				(45,796	)			(17,078	)			-				-				-				-
Transfer to Stage 2			-				-				(978,112	)			(44,301	)			-				-				1,040,597				68,448				-				-				(62,485	)			(24,147	)			-				-				-				-
Transfer to Stage 3			-				-				(9,340	)			(2,024	)			-				-				(281,144	)			(72,629	)			-				-				290,484				74,653				-				-				-				-
Impact on year-end ECL of exposures transferred between stages during the year**			-				-				-				(15,379	)			-				-				-				101,086				-				-				-				87,371				-				-				-				173,078
Amounts written off			-				-				(104	)			(104	)			-				-				(627	)			(627	)			-				-				(232,780	)			(232,780	)			-				-				(233,511	)			(233,511	)
Foreign exchange adjustments			-				-				3,532				16				-				-				1,030				49				-				-				4				2				-				-				4,566				67
Subtotal Consumer loans			-				-				3,166,290				49,273				-				-				975,898				110,292				-				-				293,973				162,619				-				-				4,436,161				322,184

Total			9,426,420				24,880				13,109,173				71,591				2,134,848				32,343				2,429,234				148,354				120,564				32,694				705,778				275,217				615				299				27,926,632				585,378

*

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.

		Changes as of December 31, 2019
		Stage 1																Stage 2																Stage 3																POCI								Total
		Individual								Group								Individual								Group								Individual								Group
		Gross carrying amount MCh$				ECL MCh$				Gross carrying amount MCh$				ECL MCh$				Gross carrying amount MCh$				ECL MCh$				Gross carrying amount MCh$				ECL MCh$				Gross carrying amount MCh$				ECL MCh$				Gross carrying amount MCh$				ECL MCh$				Gross carrying amount MCh$				ECL MCh$				Gross carrying amount MCh$				ECL MCh$
Commercial loans
Balance as of January 1, 2019			9,426,420				24,880				3,049,264				21,594				2,134,848				32,343				460,251				21,167				120,564				32,694				246,436				95,887				615				299				15,438,398				228,864
Net change on Balance *			861,027				(14,709	)			452,929				3,915				(231,267	)			(3,240	)			57,965				5,054				(9,953	)			7,859				(13,173	)			36,913				1,027				(13	)			1,118,555				35,779
Transfer to Stage 1			873,349				9,699				1,005,072				49,310				(873,232	)			(9,606	)			(1,002,422	)			(48,694	)			(117	)			(93	)			(2,650	)			(616	)			-				-				-				-
Transfer to Stage 2			(1,120,580	)			(4,449	)			(1,118,008	)			(19,312	)			1,130,960				7,184				1,168,875				28,065				(10,380	)			(2,734	)			(50,867	)			(8,754	)			-				-				-				-
Transfer to Stage 3			(2,593	)			(99	)			(13,769	)			(1,050	)			(65,157	)			(10,055	)			(121,315	)			(12,628	)			67,750				10,153				135,084				13,679				-				-				-				-
Impact on year-end ECL of exposures transferred between stages during the year**			-				(7,346	)			-				(36,508	)			-				7,092				-				39,878				-				9,378				-				16,666				-				-				-				29,160
Changes to models and assumptions			-				944				-				(82	)			-				18,860				-				(861	)			-				-				-				(470	)			-				(5	)			-				18,386
Amounts written off			-				-				(55	)			(55	)			(65	)			(65	)			(371	)			(371	)			(8,587	)			(8,587	)			(46,614	)			(46,614	)			(6	)			(6	)			(55,698	)			(55,698	)
Foreign exchange adjustments			(156,824	)			25				(5,939	)			(69	)			(36,606	)			(107	)			(1,152	)			(83	)			(6,305	)			(1,374	)			(217	)			(82	)			-				-				(207,043	)			(1,690	)
Subtotal Commercial loans			9,880,799				8,945				3,369,494				17,743				2,059,481				42,406				561,831				31,527				152,972				47,296				267,999				106,609				1,636				275				16,294,212				254,801

Mortgage loans
Balance as of January 1, 2019			-				-				6,893,619				724				-				-				993,085				16,895				-				-				165,369				16,711				-				-				8,052,073				34,330
Net change on Balance *			-				-				1,312,226				739				-				-				(117,481	)			6,768				-				-				(32,301	)			552				-				-				1,162,444				8,059
Transfer to Stage 1			-				-				1,516,595				16,318				-				-				(1,516,155	)			(16,281	)			-				-				(440	)			(37	)			-				-				-				-
Transfer to Stage 2			-				-				(1,513,235	)			(742	)			-				-				1,532,523				2,239				-				-				(19,288	)			(1,497	)			-				-				-				-
Transfer to Stage 3			-				-				(105	)			-				-				-				(69,448	)			(2,770	)			-				-				69,553				2,770				-				-				-				-
Impact on year-end ECL of exposures transferred between stages during the year**			-				-				-				(15,913	)			-				-				-				19,262				-				-				-				2,225				-				-				-				5,574
Changes to models and assumptions			-				-				-				285				-				-				-				3,250				-				-				-				-				-				-				-				3,535
Amounts written off			-				-								-				-				-				-				-				-				-				(7,790	)			(7,790	)			-				-				(7,790	)			(7,790	)
Foreign exchange adjustments			-				-								-				-				-				-				-				-				-				-				-				-				-				-				-
Subtotal Mortgage loans			-				-				8,209,100				1,411				-				-				822,524				29,363				-				-				175,103				12,934				-				-				9,206,727				43,708

Consumer loans
Balance as of January 1, 2019			-				-				3,166,290				49,273				-				-				975,898				110,292				-				-				293,973				162,619				-				-				4,436,161				322,184
Net change on Balance *			-				-				493,973				60,685				-				-				(212,059	)			(48,295	)			-				-				67,033				139,704				88				44				349,035				152,138
Transfer to Stage 1			-				-				1,688,787				243,865				-				-				(1,679,389	)			(240,444	)			-				-				(9,398	)			(3,421	)			-				-				-				-
Transfer to Stage 2			-				-				(1,472,886	)			(90,968	)			-				-				1,588,909				129,954				-				-				(116,023	)			(38,986	)			-				-				-				-
Transfer to Stage 3			-				-				(12,204	)			(2,646	)			-				-				(299,286	)			(78,223	)			-				-				311,490				80,869				-				-				-				-
Impact on year-end ECL of exposures transferred between stages during the year**			-				-				-				(161,427	)			-				-				-				203,042				-				-				-				84,786				-				-				-				126,401
Changes to models and assumptions			-				-				-				-				-				-				-				-				-				-				-				-				-				-				-				-
Amounts written off			-				-				(120	)			(120	)			-				-				(978	)			(978	)			-				-				(248,614	)			(248,614	)			-				-				(249,712	)			(249,712	)
Foreign exchange adjustments			-				-				(2,867	)			(126	)			-				-				(281	)			(113	)			-				-				(3	)			(48	)			-				-				(3,151	)			(287	)
Subtotal Consumer loans			-				-				3,860,973				98,536				-				-				372,814				75,235				-				-				298,458				176,909				88				44				4,532,333				350,724

Total			9,880,799				8,945				15,439,567				117,690				2,059,481				42,406				1,757,169				136,125				152,972				47,296				741,560				296,452				1,724				319				30,033,272				649,233

*

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.