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Financial Assets at Fair Value through Other Comprehensive Income (Tables)
12 Months Ended
Dec. 31, 2019
Available-for-sale financial assets [abstract]  
Schedule of financial assets

   2018   2019 
   MCh$   MCh$ 
Debt instruments at fair value through OCI   1,043,440    1,357,846 
Equity instruments valued at fair value through OCI   9,751    8,497 
Total   1,053,191    1,366,343 

Schedule of breakdown of the balance under the heading "Debt instruments at fair value through OCI

   2018   2019 
   MCh$   MCh$ 
Instruments issued by the Chilean Government and Central Bank:        
Bonds issued by the Chilean Government and Central Bank   135,145    76,358 
Promissory notes issued by the Chilean Government and Central Bank       16,466 
Other instruments   29,077    16,238 
           
Other instruments issued in Chile:          
Mortgage bonds from domestic banks   92,491    122,291 
Bonds from domestic banks   5,351    15,927 
Deposits from domestic banks   559,108    1,020,842 
Bonds from other Chilean companies   6,599    1,395 
Other instruments   107,125    68,476 
           
Instruments issued by foreign institutions:          
Other instruments   108,544    19,853 
Total   1,043,440    1,357,846 

Schedule of credit ratings of the issuers of debt instruments

   As of December 31, 2018   As of December 31, 2019 
  

Stage 1

Individual

  

Stage 2

Individual

  

Stage 3

Individual

  

Total

Individual

  

Stage 1

Individual

  

Stage 2

Individual

  

Stage 3

Individual

  

Total

Individual

 
   MCh$   MCh$   MCh$   MCh$   MCh$   MCh$   MCh$   MCh$ 
Debt Instrument                                
Investment grade   827,770            827,770    1,269,516            1,269,516 
Non-investment grade                                
Without rating   215,670            215,670    88,330            88,330 
Total   1,043,440            1,043,440    1,357,846            1,357,846 

Schedule of changes in the corresponding ECLs of debt instrument

  

Stage 1

Individual

  

Stage 2

Individual

  

Stage 3

Individual

   Total 
  

Fair value

MCh$

  

ECL

MCh$

  

Fair value

MCh$

  

ECL

MCh$

  

Fair value

MCh$

  

ECL

MCh$

  

Fair value

MCh$

  

ECL

MCh$

 
Balance as of January 1, 2018   1,516,063    5,820                    1,516,063    5,820 
Net change on Balance *   (515,343)   (1,978)                   (515,343)   (1,978)
Change in fair value   14,162                        14,162     
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 **                                
Impact of net re-measurement of year-end ECL       258                        258 
Amounts written off                                
Foreign exchange adjustments   28,558    168                    28,558    168 
Balance as of December 31, 2018   1,043,440    4,268                    1,043,440    4,268 
                                         
Balance as of January 1, 2019   1,043,440    4,268                    1,043,440    4,268 
Net change on Balance *   275,797    327    (19)   (1)           275,778    326 
Change in fair value   32,995                        32,995     
Transfer to Stage 1                                
Transfer to Stage 2   (19)   (1)   19    1                 
Transfer to Stage 3                                
Impact on year-end ECL of exposures transferred between stages during the year **                                
Impact of net re-measurement of year-end ECL       3,102                        3,102 
Amounts written off                                
Foreign exchange adjustments   5,633    40                    5,633    40 
Balance as of December 31, 2019   1,357,846    7,736                    1,357,846    7,736 

 

*Net change between assets purchased and assets derecognized, excluding write offs.
**Represents the change in the year-end ECLs of exposures that were transferred from one stage to another during the year.
Schedule of breakdown of the balance under the heading "Equity instruments at fair value through OCI"

   2018   2019 
   MCh$   MCh$ 
Equity instruments issued in Chile   8,939    7,446 
Equity instruments issued by foreign institutions   812    1,051 
Total   9,751    8,497 

Schedule of unrealised gain and loss on available for sale investments
   2017   2018   2019 
   MCh$   MCh$   MCh$ 
Net gain (loss) on financial assets before income tax (1)   4,775    (13,878)   15,969 
Tax (expense) benefit   (1,299)   3,757    (4,328)
Net of tax amount (2)   3,476    (10,121)   11,641 

 

(1)As of December 31, 2017, 2018 and 2019, realized gains reclassified to the income statement line item "Net financial operating income" amounted to Ch$5,149 million, Ch$400 million and Ch$4,716 million, respectively.
(2)This amount corresponds to the unrealized gain or loss, net of deferred tax and which are included in "Consolidated Statement of Changes in Equity".