XML 49 R32.htm IDEA: XBRL DOCUMENT
v3.21.1

Other Liabilities | 12 Months Ended
--- | ---
Dec. 31, 2020
Disclosure of other liabilities [text block] [Abstract] |
Other Liabilities |
| 26. | Other Liabilities:
As of December 31, 2019 and 2020, other liabilities are detailed as follows:
|  | 2019 |  |  | 2020 |
|  | MCh$ |  |  | MCh$ |
Accounts and notes payable |  |  | 231,465 |  |  |  | 273,143 |
Documents intermediated (*) |  |  | 80,190 |  |  |  | 137,546 |
Income received in advance (**) |  |  | 125,418 |  |  |  | 68,907 |
Cobranding |  |  | 30,186 |  |  |  | 29,213 |
VAT payable |  |  | 4.523 |  |  |  | 5,742 |
Securities unliquidated |  |  | 135,547 |  |  |  | 2,725 |
Insurance payments |  |  | 1,157 |  |  |  | 1,802 |
Outstanding transactions |  |  | 792 |  |  |  | 725 |
Others |  |  | 22,389 |  |  |  | 34,540 |
Total |  |  | 631,667 |  |  |  | 554,343 |
| (*) | This item mainly includes financing of simultaneous operations performed by subsidiary Banchile Corredores de Bolsa S.A.
| (**) | On January 28, 2019, Banco de Chile and its subsidiary Banchile Corredores de Seguros Ltda. informed that they had entered into a strategic alliance with the insurance companies Chubb Seguros Chile S.A. and Chubb Seguros de Vida Chile S.A. The framework of the strategic alliance establishes the general terms and conditions pursuant to which the Bank will grant, for a period of 15 years, exclusive access to the said insurance companies to provide insurance to clients via the face-to-face and digital channels of the Bank, through Banchile, as well as, granting access to existing clients of the Bank, subject to the exceptions agreed upon by the parties.
The aforementioned agreement included an initial payment on the date of the signing of the contracts, in accordance with the terms and conditions thereof, and annual payments subject to compliance with insurance sales objectives during the agreement lifetime. On June 4, 2019, Banco de Chile received the payment from these insurance companies for an amount of Ch$149,061 million, which was recorded according to IFRS 15. The related income is recognized at the time of providing access to existing clients to these insurance companies and over time, depending on compliance with the associated performance obligations.

X
- References No definition available. + Details
Name: | bch_DisclosureOfOtherLiabilitiesTextBlockAbstract
Namespace Prefix: | bch_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of other liabilities. [Refer: Other liabilities] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2020-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2020-en-r&anchor=para_10_e&doctype=Standard -URIDate 2020-01-01 + Details
Name: | ifrs-full_DisclosureOfOtherLiabilitiesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration