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Provisions for Expected Credit Losses

12 Months Ended

Dec. 31, 2020

33.

Provisions for Expected Credit Losses:

The changes in provisions for expected credit losses during 2018, 2019 and 2020 are the following:

	Loans and			Loans to customers as of December 31, 2018												Debt instruments at fair value
	advance to banks			Commercial loans			Mortgage loans			Consumer loans			Subtotal			through OCI		Contingent loan risks			Total
	MCh$			MCh$			MCh$			MCh$			MCh$			MCh$		MCh$			MCh$
Provisions established:
Individual provisions		(240	)		—			—			—			—			—		(2,368	)		(2,608	)
Group provisions		—			(61,702	)		(7,546	)		(241,244	)		(310,492	)		—		—			(310,492	)
Provisions established net		(240	)		(61,702	)		(7,546	)		(241,244	)		(310,492	)		—		(2,368	)		(313,100	)

Provisions released:
Individual provisions		—			871			—			—			871			1,552		—			2,423
Group provisions		—			—			—			—			—			—		327			327
Provisions released net		—			871			—			—			871			1,552		327			2,750

Recovery of written-off assets		—			13,579			4,572			42,428			60,579			—		—			60,579

Provisions net allowances for credit risk		(240	)		(47,252	)		(2,974	)		(198,816	)		(249,042	)		1,552		(2,041	)		(249,771	)

	Loans and		Loans to customers as of December 31, 2019												Debt instruments at fair value
	advance to banks		Commercial loans			Mortgage loans			Consumer loans			Subtotal			through OCI			Contingent loan risks			Total
	MCh$		MCh$			MCh$			MCh$			MCh$			MCh$			MCh$			MCh$
Provisions established:
Individual provisions		—		(17,143	)		—			—			(17,143	)		(3,468	)		—			(20,611	)
Group provisions		—		(64,492	)		(17,168	)		(278,252	)		(359,912	)		—			(2,707	)		(362,619	)
Provisions established net		—		(81,635	)		(17,168	)		(278,252	)		(377,055	)		(3,468	)		(2,707	)		(383,230	)

Provisions released:
Individual provisions		902		—			—			—			—			—			2,752			3,654
Group provisions		—		—			—			—			—			—			—			—
Provisions released net		902		—			—			—			—			—			2,752			3,654

Recovery of written-off assets		—		12,253			5,114			30,608			47,975			—			—			47,975

Provisions net allowances for credit risk		902		(69,382	)		(12,054	)		(247,644	)		(329,080	)		(3,468	)		45			(331,601	)

	Loans and			Loans to customers as of December 31, 2020												Debt instruments at fair value
	advance to banks			Commercial loans			Mortgage loans			Consumer loans			Subtotal			through OCI		Contingent loan risks			Total
	MCh$			MCh$			MCh$			MCh$			MCh$			MCh$		MCh$			MCh$
Provisions established:
Individual provisions		(348	)		(207,611	)		—			—			(207,611	)		—		(18,084	)		(226,043	)
Group provisions		—			(88,278	)		(4,607	)		(219,463	)		(312,348	)		—		(55,126	)		(367,474	)
Provisions established net		(348	)		(295,889	)		(4,607	)		(219,463	)		(519,959	)		—		(73,210	)		(593,517	)

Provisions released:
Individual provisions		—			—			—			—			—			4,652		—			4,652
Group provisions		—			—			—			—			—			—		—			—
Provisions released net		—			—			—			—			—			4,652		—			4,652

Recovery of written-off assets		—			8,599			3,377			29,783			41,759			—		—			41,759

Provisions net allowances for credit risk		(348	)		(287,290	)		(1,230	)		(189,680	)		(478,200	)		4,652		(73,210	)		(547,106	)