XML 47 R30.htm IDEA: XBRL DOCUMENT

Provisions

12 Months Ended

Dec. 31, 2020

Disclosure of other provisions [text block] [Abstract]

Provisions

24.

Provisions:

(a)

As of December 31, 2019 and 2020, provisions are detailed as follows:

	2019		2020
	MCh$		MCh$
Provision for minimum dividends		177,902		138,932
Provisions for contingent loan risks		24,971		98,181
Provisions for other contingencies		501		507
Total		203,374		237,620

(b)

The following table details the changes in provisions during 2019 and 2020:

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

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

Balances as of January 1, 2020		177,902			24,971			501		203,374
Provisions established		138,932			73,210			6		212,148
Provisions used		(177,902	)		—			—		(177,902	)
Provisions released		—			—			—		—
Balances as of December 31, 2020		138,932			98,181			507		237,620

(c)

Impairment losses on contingent loan risks:

Provisions for contingent loan risks are detailed as follows:

	Outstanding exposure				ECL
	2019		2020		2019		2020
	MCh$		MCh$		MCh$		MCh$
Warranty by endorsement and sureties		280,838		224,079		63		6,068
Confirmed foreign letters of credit		94,673		58,299		4		10
Issued foreign letters of credit		316,916		343,663		51		235
Performance guarantees		2,283,390		2,214,370		4,037		13,124
Undrawn credit lines		7,870,260		7,650,382		20,816		78,744
Other commitments		155,163		107,707		—		—
Total		11,001,240		10,598,500		24,971		98,181

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:

Warranty by endorsement and sureties:

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, 2019 and 2020.

	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

	As of December 31, 2020
	Stage 1				Stage 2				Stage 3
	Individual MCh$		Group MCh$		Individual MCh$		Group MCh$		Individual MCh$		Group MCh$		Total MCh$
Normal		186,051		131		31,911		—		—		—		218,093
Substandard		—		—		356		—		—		—		356
Non—complying		—		—		—		—		5,630		—		5,630
Total		186,051		131		32,267		—		5,630		—		224,079

An analysis of changes in the outstanding exposures on warranty by endorsement and sureties during the 2019 and 2020 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, 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

Outstanding exposure as of January 1, 2020		249,306			395			31,137			—			—			—		280,838
Net change on exposures		(31,759	)		(231	)		(19,038	)		(62	)		—			—		(51,090	)
Transfer to Stage 1		29,099			—			(29,099	)		—			—			—		—
Transfer to Stage 2		(55,270	)		(65	)		55,270			65			—			—		—
Transfer to Stage 3		—			—			(6,069	)		—			6,069			—		—
Foreign exchange adjustments		(5,325	)		32			66			(3	)		(439	)		—		(5,669	)
Exposure as of December 31, 2020		186,051			131			32,267			—			5,630			—		224,079

An analysis of changes in ECL exposures on warranty by endorsement and sureties during the 2019 and 2020 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, 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

ECL exposures as of January 1, 2020		41			—		22			—		—			—		63
Net change on exposures		(19	)		—		2,838			—		—			—		2,819
Transfer to Stage 1		1			—		(1	)		—		—			—		—
Transfer to Stage 2		(18	)		—		18			—		—			—		—
Transfer to Stage 3		—			—		(3,034	)		—		3,034			—		—
Impact on year-end ECL of exposures transferred between stages during the year		—			—		159			—		2,815			—		2,974
Changes to models and assumptions		167			—		226			—		—			—		393
Foreign exchange adjustments		2			—		36			—		(219	)		—		(181	)
ECL as of December 31, 2020		174			—		264			—		5,630			—		6,068

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, 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

	As of December 31, 2020
	Stage 1				Stage 2				Stage 3
	Individual MCh$		Group MCh$		Individual MCh$		Group MCh$		Individual MCh$		Group MCh$		Total MCh$
Normal		58,063		236		—		—		—		—		58,299
Substandard		—		—		—		—		—		—		—
Non—complying		—		—		—		—		—		—		—
Total		58,063		236		—		—		—		—		58,299

An analysis of changes in the outstanding exposures on confirmed foreign letters of credit during the 2019 and 2020 periods are as follows:

	Stage 1					Stage 2				Stage 3
	Individual			Group		Individual			Group	Individual		Group		Total
	MCh$			MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
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

Outstanding exposure as of January 1, 2020		94,673			—		—		—		—		—		94,673
Net change on exposures		(34,528	)		236		—		—		—		—		(34,292	)
Transfer to Stage 1		—			—		—		—		—		—		—
Transfer to Stage 2		—			—		—		—		—		—		—
Transfer to Stage 3		—			—		—		—		—		—		—
Foreign exchange adjustments		(2,082	)		—		—		—		—		—		(2,082	)
Exposure as of December 31, 2020		58,063			236		—		—		—		—		58,299

An analysis of changes in ECL exposures on confirmed foreign letters of credit during the 2019 and 2020 periods are as follows:

	Stage 1					Stage 2				Stage 3
	Individual			Group		Individual			Group	Individual		Group		Total
	MCh$			MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
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

ECL exposures as of January 1, 2020		4			—		—		—		—		—		4
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		7			—		—		—		—		—		7
Foreign exchange adjustments		(1	)		—		—		—		—		—		(1	)
ECL as of December 31, 2020		10			—		—		—		—		—		10

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

	As of December 31, 2020
	Stage 1				Stage 2				Stage 3
	Individual		Group		Individual			Group	Individual		Group		Total
	MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Normal		298,841		1,881		42,927		—		—		—		343,649
Substandard		—		—		14		—		—		—		14
Non-complying		—		—		—		—		—		—		—
Total		298,841		1,881		42,941		—		—		—		343,663

An analysis of changes in the outstanding exposures on issued foreign letters of credit during the 2019 and 2020 periods are as follows:

	Stage 1						Stage 2						Stage 3
	Individual			Group			Individual				Group		Individual		Group		Total
	MCh$			MCh$			MCh$			MCh$			MCh$		MCh$		MCh$
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

Outstanding exposure as of January 1, 2020		149,753			1,308			165,538			317			—		—		316,916
Net change on exposures		53,462			830			(20,836	)		(530	)		—		—		32,926
Transfer to Stage 1		136,838			866			(136,838	)		(866	)		—		—		—
Transfer to Stage 2		(37,319	)		(1,048	)		37,319			1,048			—		—		—
Transfer to Stage 3		—			—			—			—			—		—		—
Foreign exchange adjustments		(3,893	)		(75	)		(2,242	)		31			—		—		(6,179	)
Exposure as of December 31, 2020		298,841			1,881			42,941			—			—		—		343,663

An analysis of changes in ECL exposures on issued foreign letters of credit during the 2019 and 2020 periods are as follows:

	Stage 1						Stage 2						Stage 3
	Individual			Group			Individual				Group		Individual			Group		Total
	MCh$			MCh$			MCh$			MCh$			MCh$			MCh$		MCh$
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

ECL exposures as of January 1, 2020		20			1			11			19			—			—		51
Net change on exposures		7			3			(13	)		(19	)		(1	)		—		(23	)
Transfer to Stage 1		2			—			(2	)		—			—			—		—
Transfer to Stage 2		(10	)		(4	)		10			4			—			—		—
Transfer to Stage 3		—			—			—			—			—			—		—
Impact on year-end ECL of exposures transferred between stages during the year		1			—			10			(4	)		—			—		7
Changes to models and assumptions		111			—			92			—			1			—		204
Foreign exchange adjustments		(2	)		—			(2	)		—			—			—		(4	)
ECL as of December 31, 2020		129			—			106			—			—			—		235

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, 2019
	Stage 1				Stage 2				Stage 3
	Individual		Group		Individual			Group	Individual		Group		Total
	MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		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

	As of December 31, 2020
	Stage 1				Stage 2				Stage 3
	Individual		Group		Individual			Group	Individual		Group		Total
	MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Normal		1,573,058		46,523		568,005		615		—		—		2,188,201
Substandard		—		—		21,833		—		—		—		21,833
Non—complying		—		—		—		—		3,851		485		4,336
Total		1,573,058		46,523		589,838		615		3,851		485		2,214,370

An analysis of changes in the outstanding exposures on Performance guarantees during the 2019 and 2020 periods are as follows:

	Stage 1						Stage 2						Stage 3
	Individual			Group			Individual				Group		Individual			Group			Total
	MCh$			MCh$			MCh$			MCh$			MCh$			MCh$			MCh$
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

Outstanding exposure as of January 1, 2020		1,804,374			44,325			420,427			10,970			2,194			1,100			2,283,390
Net change on exposures		(33,951	)		(8,832	)		(6,254	)		1,305			(5,241	)		(1,226	)		(54,199	)
Transfer to Stage 1		128,944			29,217			(128,944	)		(29,180	)		—			(37	)		—
Transfer to Stage 2		(314,572	)		(17,839	)		314,683			18,347			(111	)		(508	)		—
Transfer to Stage 3		(459	)		(326	)		(6,511	)		(826	)		6,970			1,152			—
Foreign exchange adjustments		(11,278	)		(22	)		(3,563	)		(1	)		39			4			(14,821	)
Exposure as of December 31, 2020		1,573,058			46,523			589,838			615			3,851			485			2,214,370

An analysis of changes in ECL exposures on Performance guarantees during the 2019 and 2020 periods are as follows:

	Stage 1						Stage 2						Stage 3
	Individual			Group			Individual				Group		Individual			Group			Total
	MCh$			MCh$			MCh$			MCh$			MCh$			MCh$			MCh$
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

ECL exposures as of January 1, 2020		601			277			1,440			754			491			474			4,037
Net change on exposures		359			(160	)		6,341			(674	)		(8,647	)		(454	)		(3,235	)
Transfer to Stage 1		48			78			(48	)		(68	)		—			(10	)		—
Transfer to Stage 2		(222	)		(169	)		237			179			(15	)		(10	)		—
Transfer to Stage 3		—			(2	)		(4,038	)		(6	)		4,038			8			—
Impact on year-end ECL of exposures transferred between stages during the year		2			235			362			(172	)		6,261			(8	)		6,680
Changes to models and assumptions		2,002			658			2,138			(10	)		851			—			5,639
Foreign exchange adjustments		—			—			(10	)		—			13			—			3
ECL as of December 31, 2020		2,790			917			6,422			3			2,992			—			13,124

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, 2019
	Stage 1				Stage 2				Stage 3
	Individual		Group		Individual			Group	Individual		Group		Total
	MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		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

	As of December 31, 2020
	Stage 1				Stage 2				Stage 3
	Individual		Group		Individual			Group	Individual		Group		Total
	MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Normal		1,055,119		6,244,331		138,432		182,812		20		—		7,620,714
Substandard		—		—		3,896		—		—		—		3,896
Non—complying		—		—		—		—		837		24,935		25,772
Total		1,055,119		6,244,331		142,328		182,812		857		24,935		7,650,382

An analysis of changes in the outstanding exposures undrawn credit lines during the 2019 and 2020 periods are as follows:

	Stage 1						Stage 2						Stage 3
	Individual			Group			Individual				Group		Individual			Group			Total
	MCh$			MCh$			MCh$			MCh$			MCh$			MCh$			MCh$
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

Outstanding exposure as of January 1, 2020		1,135,118			6,434,148			83,458			207,646			359			9,531			7,870,260
Net change on exposures		(28,109	)		20,484			11,628			(102,141	)		(568	)		(7,903	)		(106,609	)
Transfer to Stage 1		80,990			516,008			(80,990	)		(515,854	)		—			(154	)		—
Transfer to Stage 2		(129,707	)		(597,956	)		129,751			606,469			(44	)		(8,513	)		—
Transfer to Stage 3		(183	)		(18,407	)		(949	)		(14,838	)		1,132			33,245			—
Foreign exchange adjustments		(2,990	)		(109,946	)		(570	)		1,530			(22	)		(1,271	)		(113,269	)
Exposure as of December 31, 2020		1,055,119			6,244,331			142,328			182,812			857			24,935			7,650,382

An analysis of changes in ECL exposures on undrawn credit lines during the 2019 and 2020 periods are as follows:

	Stage 1						Stage 2						Stage 3
	Individual			Group			Individual				Group		Individual			Group			Total
	MCh$			MCh$			MCh$			MCh$			MCh$			MCh$			MCh$
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

ECL exposures as of January 1, 2020		234			13,135			185			2,644			78			4,540			20,816
Net change on exposures		181			(1,726	)		502			(1,262	)		(174	)		(1,004	)		(3,483	)
Transfer to Stage 1		19			7,348			(19	)		(7,301	)		—			(47	)		—
Transfer to Stage 2		(93	)		(5,942	)		101			9,664			(8	)		(3,722	)		—
Transfer to Stage 3		—			(317	)		(67	)		(766	)		67			1,083			—
Impact on year-end ECL of exposures transferred between stages during the year		(1	)		(293	)		77			(1,035	)		349			8,479			7,576
Changes to models and assumptions		899			53,001			267			1,294			116			(1,429	)		54,148
Foreign exchange adjustments		(3	)		(128	)		(8	)		30			(8	)		(196	)		(313	)
ECL as of December 31, 2020		1,236			65,078			1,038			3,268			420			7,704			78,744

Other commitments:

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

	As of December 31, 2020
	Stage 1				Stage 2				Stage 3
	Individual		Group		Individual			Group	Individual		Group		Total
	MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Normal		107,707		—		—		—		—		—		107,707
Substandard		—		—		—		—		—		—		—
Non—complying		—		—		—		—		—		—		—
Total		107,707		—		—		—		—		—		107,707

An analysis of changes in the outstanding exposures on other commitments during the 2019 and 2020 periods are as follows:

	Stage 1					Stage 2				Stage 3
	Individual			Group		Individual			Group	Individual		Group		Total
	MCh$			MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
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

Outstanding exposure as of January 1, 2020		155,163			—		—		—		—		—		155,163
Net change on exposures		(47,456	)		—		—		—		—		—		(47,456	)
Transfer to Stage 1		—			—		—		—		—		—		—
Transfer to Stage 2		—			—		—		—		—		—		—
Transfer to Stage 3		—			—		—		—		—		—		—
Foreign exchange adjustments		—			—		—		—		—		—		—
Exposure as of December 31, 2020		107,707			—		—		—		—		—		107,707

An analysis of changes in ECL exposures on other commitments during the 2019 and 2020 periods are as follows:

Stage 1

Stage 2

Stage 3

Individual

Group

Individual

Group

Individual

Group

Total

MCh$

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

—

ECL exposures as of January 1, 2020

—

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, 2020

—