XML 40 R17.htm IDEA: XBRL DOCUMENT

Loans to Customers at amortized cost

12 Months Ended

Dec. 31, 2021

Disclosure of loans and advances to customers [text block] [Abstract]

11.	Loans to Customers at amortized cost:

(a)

Loans to Customers:

As of December 31, 2020 and 2021, the composition of our portfolio of loans is the following:

	As of December 31, 2020							As of December 31, 2021
	Assets before Allowances		Allowances established (3)			Net assets		Assets before Allowances		Allowances established (3)			Net assets
	MCh$		MCh$			MCh$		MCh$		MCh$			MCh$
Commercial loans (2)
Commercial loans		14,398,446		(381,243	)		14,017,203		15,986,168		(256,653	)		15,729,515
Foreign trade loans		967,646		(18,341	)		949,305		1,271,705		(15,080	)		1,256,625
Current account debtors		120,539		(6,293	)		114,246		144,010		(2,522	)		141,488
Factoring transactions		373,903		(5,673	)		368,230		486,282		(2,658	)		483,624
Student loans		57,552		(2,390	)		55,162		58,018		(3,437	)		54,581
Commercial lease transactions (1)		1,592,905		(51,175	)		1,541,730		1,612,776		(24,802	)		1,587,974
Other loans and accounts receivable		90,606		(16,275	)		74,331		113,373		(13,689	)		99,684
Subtotal		17,601,597		(481,390	)		17,120,207		19,672,332		(318,841	)		19,353,491
Mortgage loans
Mortgage bonds		9,363		(57	)		9,306		6,084		(27	)		6,057
Transferable mortgage loans		24,105		(76	)		24,029		17,784		(66	)		17,718
Other residential real estate mortgage loans		9,198,834		(33,501	)		9,165,333		10,169,889		(37,085	)		10,132,804
Credits from ANAP		2		—			2		—		—			—
Other loans and accounts receivable		155,068		(1,018	)		154,050		152,771		(1,808	)		150,963
Subtotal		9,387,372		(34,652	)		9,352,720		10,346,528		(38,986	)		10,307,542
Consumer loans
Consumer loans in installments		2,711,541		(257,574	)		2,453,967		2,873,304		(267,826	)		2,605,478
Current account debtors		158,756		(6,441	)		152,315		172,623		(6,490	)		166,133
Credit card debtors		1,077,445		(55,625	)		1,021,820		1,199,407		(40,317	)		1,159,090
Consumer lease transactions (1)		302		(2	)		300		509		(33	)		476
Other loans and accounts receivable		677		(423	)		254		1,170		(1,003	)		167
Subtotal		3,948,721		(320,065	)		3,628,656		4,247,013		(315,669	)		3,931,344
Total		30,937,690		(836,107	)		30,101,583		34,265,873		(673,496	)		33,592,377

(1)

In this item, the Bank finances its clients’ purchases of assets, including real estate and other personal property, through financial lease agreements. As of December 31, 2021, Ch$810,969 million corresponds to financial leases for real estate (Ch$803,238 million in December 31, 2020) and Ch$802,316 million corresponds to financial leases for other assets (Ch$789,969 million in December 31, 2020).

(2)

As of December 31, 2021, the Commercial Loans category includes loan operations that guarantee obligations maintained with the Central Bank of Chile as part of the Loan Increase Conditional Credit Facility program (FCIC by its Spanish initials) for an approximate amount of Ch$3,024,118 million (Ch$2,021,688 million in December 31, 2020).

(3)

Include an additional overlay related to the measures associated with the COVID-19 contingency. See Note No. 42(2)(l).

(b)

Impairment allowance for loans to customers:

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, 2020 and 2021, are as follows:

	2020
	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		8,918,334		4,291,198		3,467,569		199,810		964		613		42		16,878,530
Substandard		—		—		194,242		—		—		—		1,627		195,869
Non-complying		—		—		—		—		203,485		321,511		2,202		527,198
Subtotal		8,918,334		4,291,198		3,661,811		199,810		204,449		322,124		3,871		17,601,597

Mortgage loans
Normal		—		8,664,761		—		401,997		—		1,078		—		9,067,836
Non-complying		—		—		—		—		—		319,122		414		319,536
Subtotal		—		8,664,761		—		401,997		—		320,200		414		9,387,372

Consumer loans
Normal		—		3,295,502		—		324,440		—		2,419		28		3,622,389
Non-complying		—		—		—		—		—		324,683		1,649		326,332
Subtotal		—		3,295,502		—		324,440		—		327,102		1,677		3,948,721
Total		8,918,334		16,251,461		3,661,811		926,247		204,449		969,426		5,962		30,937,690

	2021
	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		10,968,881		4,579,194		3,262,135		214,276		834		893		199		19,026,412
Substandard		—		—		197,580		—		—		—		3		197,583
Non-complying		—		—		—		—		166,799		279,420		2,118		448,337
Subtotal		10,968,881		4,579,194		3,459,715		214,276		167,633		280,313		2,320		19,672,332

Mortgage loans
Normal		—		9,608,872		—		449,804		—		2,675		—		10,061,351
Non-complying		—		—		—		—		—		285,143		34		285,177
Subtotal		—		9,608,872		—		449,804		—		287,818		34		10,346,528

Consumer loans
Normal		—		3,739,887		—		287,814		—		4,367		64		4,032,132
Non-complying		—		—		—		—		—		213,662		1,219		214,881
Subtotal		—		3,739,887		—		287,814		—		218,029		1,283		4,247,013
Total		10,968,881		17,927,953		3,459,715		951,894		167,633		786,160		3,637		34,265,873

ii.

Changes in gross carrying amount and corresponding allowance for ECL by stage as of December 31, 2020 and 2021, is as follows:

	Changes as of December 31, 2020
	Stage 1												Stage 2												Stage 3
	Individual						Group						Individual						Group						Individual						Group						POCI						Total
	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, 2020		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
Net change on Balance *		786,574			26,720			551,556			26,706			17,987			110,560			114,618			12,959			(26,075	)		7,313			13,863			41,847			2,527			1,328			1,461,050			227,433
Transfer to Stage 1		501,608			3,278			1,640,602			76,242			(501,608	)		(3,278	)		(1,636,469	)		(75,140	)		—			—			(4,133	)		(1,102	)		—			—			—			—
Transfer to Stage 2		(2,224,652	)		(6,538	)		(1,236,055	)		(16,158	)		2,232,210			7,431			1,308,926			32,656			(7,558	)		(893	)		(72,871	)		(16,498	)		—			—			—			—
Transfer to Stage 3		(5,865	)		(17	)		(32,996	)		(1,000	)		(84,410	)		(15,037	)		(146,784	)		(14,807	)		90,275			15,054			179,780			15,807			—			—			—			—
Impact on year-end ECL of exposures transferred between stages during the year**		—			(2,031	)		—			(55,735	)		—			35,905			—			31,119			—			12,246			—			21,137			—			—			—			42,641
Refinements to models used for calculation		—			15,097			—			36,476			—			(8,106	)		—			(2,555	)		—			11,812			—			(22,816	)		—			(27	)		—			29,881
Amounts written off		—			—			(77	)		(77	)		(1,561	)		(1,561	)		(3,710	)		(3,710	)		(1,446	)		(1,446	)		(62,107	)		(62,107	)		(292	)		(292	)		(69,193	)		(69,193	)
Foreign exchange adjustments		(20,130	)		(82	)		(1,326	)		(42	)		(60,288	)		(2,131	)		1,398			54			(3,719	)		(1,671	)		(407	)		(301	)		—			—			(84,472	)		(4,173	)
Subtotal Commercial loans		8,918,334			45,372			4,291,198			84,155			3,661,811			166,189			199,810			12,103			204,449			89,711			322,124			82,576			3,871			1,284			17,601,597			481,390

Mortgage loans
Balance as of January 1, 2020		—			—			8,209,100			1,411			—			—			822,524			29,363			—			—			175,103			12,934			—			—			9,206,727			43,708
Net change on Balance *		—			—			302,255			(317	)		—			—			(81,433	)		(7,192	)		—			—			(26,928	)		11,593			414			37			194,308			4,121
Transfer to Stage 1		—			—			1,456,154			29,878			—			—			(1,455,965	)		(29,859	)		—			—			(189	)		(19	)		—			—			—			—
Transfer to Stage 2		—			—			(1,231,376	)		(1,244	)		—			—			1,274,646			4,951			—			—			(43,270	)		(3,707	)		—			—			—			—
Transfer to Stage 3		—			—			(71,361	)		(243	)		—			—			(153,543	)		(7,104	)		—			—			224,904			7,347			—			—			—			—
Impact on year-end ECL of exposures transferred between stages during the year**		—			—			—			(28,455	)		—			—			—			20,805			—			—			—			9,804			—			—			—			2,154
Refinements to models used for calculation		—			—			—			6,638			—			—			—			(511	)		—			—			—			(7,788	)		—			(7	)		—			(1,668	)
Amounts written off		—			—			(11	)		(11	)		—			—			(4,232	)		(4,232	)		—			—			(9,420	)		(9,420	)		—			—			(13,663	)		(13,663	)
Foreign exchange adjustments		—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—
Subtotal Mortgage loans		—			—			8,664,761			7,657			—			—			401,997			6,221			—			—			320,200			20,744			414			30			9,387,372			34,652

Consumer loans
Balance as of January 1, 2020		—			—			3,860,973			98,536			—			—			372,814			75,235			—			—			298,458			176,909			88			44			4,532,333			350,724
Net change on Balance *		—			—			(243,577	)		(15,947	)		—			—			(126,358	)		(34,347	)		—			—			34,201			113,480			1,614			650			(334,120	)		63,836
Transfer to Stage 1		—			—			963,136			189,887			—			—			(957,243	)		(187,255	)		—			—			(5,893	)		(2,632	)		—			—			—			—
Transfer to Stage 2		—			—			(1,216,941	)		(78,494	)		—			—			1,302,454			117,252			—			—			(85,513	)		(38,758	)		—			—			—			—
Transfer to Stage 3		—			—			(68,493	)		(6,780	)		—			—			(264,083	)		(68,958	)		—			—			332,576			75,738			—			—			—			—
Impact on year-end ECL of exposures transferred between stages during the year**		—			—			—			(134,853	)		—			—			—			141,034			—			—			—			83,947			—			—			—			90,128
Refinements to models used for calculation		—			—			—			93,176			—			—			—			10,048			—			—			—			(37,619	)		—			(149	)		—			65,456
Amounts written off		—			—			(122	)		(122	)		—			—			(3,272	)		(3,272	)		—			—			(246,703	)		(246,703	)		(25	)		(25	)		(250,122	)		(250,122	)
Foreign exchange adjustments		—			—			526			(4	)		—			—			128			52			—			—			(24	)		(5	)		—			—			630			43
Subtotal Consumer loans		—			—			3,295,502			145,399			—			—			324,440			49,789			—			—			327,102			124,357			1,677			520			3,948,721			320,065

Total		8,918,334			45,372			16,251,461			237,211			3,661,811			166,189			926,247			68,113			204,449			89,711			969,426			227,677			5,962			1,834			30,937,690			836,107

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, 2021
	Stage 1												Stage 2												Stage 3
	Individual						Group						Individual						Group						Individual						Group						POCI						Total
	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, 2021		8,918,334			45,372			4,291,198			84,155			3,661,811			166,189			199,810			12,103			204,449			89,711			322,124			82,576			3,871			1,284			17,601,597			481,390
Net change on Balance *		1,750,645			(13,624	)		390,327			9,809			(209,088	)		(70,947	)		(51,073	)		(220	)		(44,630	)		(24,393	)		(29,657	)		40,040			(467	)		458			1,806,057			(58,877	)
Transfer to Stage 1		797,576			5,149			767,931			40,313			(797,576	)		(5,149	)		(767,917	)		(40,307	)		—			—			(14	)		(6	)		—			—			—			—
Transfer to Stage 2		(721,413	)		(3,268	)		(858,851	)		(16,615	)		732,462			4,870			921,908			26,896			(11,049	)		(1,602	)		(63,057	)		(10,281	)		—			—			—			—
Transfer to Stage 3		(2,720	)		(12	)		(19,103	)		(892	)		(32,441	)		(5,785	)		(88,525	)		(12,720	)		35,162			5,797			107,627			13,612			—			—			—			—
Impact on year-end ECL of exposures transferred between stages during the year**		—			(2,627	)		—			(28,741	)		—			9,793			—			26,879			—			7,344			—			6,553			—			—			—			19,201
Refinements to models used for calculation		—			(995	)		—			(30,368	)		—			(7,357	)		—			(4,188	)		—			2,415			—			(4,912	)		—			144			—			(45,261	)
Amounts written off		—			—			(27	)		(27	)		—			—			(156	)		(156	)		(25,470	)		(25,470	)		(57,398	)		(57,398	)		(1,084	)		(1,084	)		(84,135	)		(84,135	)
Foreign exchange adjustments		226,459			686			7,719			331			104,547			2,725			229			19			9,171			2,352			688			410			—			—			348,813			6,523
Subtotal Commercial loans		10,968,881			30,681			4,579,194			57,965			3,459,715			94,339			214,276			8,306			167,633			56,154			280,313			70,594			2,320			802			19,672,332			318,841

Mortgage loans
Balance as of January 1, 2021		—			—			8,664,761			7,657			—			—			401,997			6,221			—			—			320,200			20,744			414			30			9,387,372			34,652
Net change on Balance *		—			—			1,011,262			(1,521	)		—			—			(11,005	)		1,118			—			—			(30,009	)		6,758			(380	)		(28	)		969,868			6,327
Transfer to Stage 1		—			—			1,221,879			18,069			—			—			(1,221,879	)		(18,069	)		—			—			—			—			—			—			—			—
Transfer to Stage 2		—			—			(1,281,402	)		(2,077	)		—			—			1,332,093			4,084			—			—			(50,691	)		(2,007	)		—			—			—			—
Transfer to Stage 3		—			—			(7,604	)		(53	)		—			—			(51,395	)		(4,240	)		—			—			58,999			4,293			—			—			—			—
Impact on year-end ECL of exposures transferred between stages during the year**		—			—			—			(15,782	)		—			—			—			19,309			—			—			—			(1,159	)		—			—			—			2,368
Refinements to models used for calculation		—			—			—			1,997			—			—			—			3,699			—			—			—			653			—			2			—			6,351
Amounts written off		—			—			(24	)		(24	)		—			—			(7	)		(7	)		—			—			(10,681	)		(10,681	)		—			—			(10,712	)		(10,712	)
Foreign exchange adjustments		—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—
Subtotal Mortgage loans		—			—			9,608,872			8,266			—			—			449,804			12,115			—			—			287,818			18,601			34			4			10,346,528			38,986

Consumer loans
Balance as of January 1, 2021		—			—			3,295,502			145,399			—			—			324,440			49,789			—			—			327,102			124,357			1,677			520			3,948,721			320,065
Net change on Balance *		—			—			543,272			36,335			—			—			(67,751	)		(6,166	)		—			—			(36,418	)		71,045			(381	)		(83	)		438,722			101,131
Transfer to Stage 1		—			—			787,325			117,574			—			—			(787,325	)		(117,574	)		—			—			—			—			—			—			—			—
Transfer to Stage 2		—			—			(879,653	)		(57,076	)		—			—			943,398			79,524			—			—			(63,745	)		(22,448	)		—			—			—			—
Transfer to Stage 3		—			—			(12,205	)		(1,485	)		—			—			(124,873	)		(46,739	)		—			—			137,078			48,224			—			—			—			—
Impact on year-end ECL of exposures transferred between stages during the year**		—			—			—			(76,550	)		—			—			—			91,107			—			—			—			12,985			—			—			—			27,542
Refinements to models used for calculation		—			—			—			(10,338	)		—			—			—			(561	)		—			—			—			23,657			—			338			—			13,096
Amounts written off		—			—			(46	)		(46	)		—			—			(291	)		(291	)		—			—			(146,024	)		(146,024	)		(13	)		(13	)		(146,374	)		(146,374	)
Foreign exchange adjustments		—			—			5,692			181			—			—			216			20			—			—			36			8			—			—			5,944			209
Subtotal Consumer loans		—			—			3,739,887			153,994			—			—			287,814			49,109			—			—			218,029			111,804			1,283			762			4,247,013			315,669

Total		10,968,881			30,681			17,927,953			220,225			3,459,715			94,339			951,894			69,530			167,633			56,154			786,160			200,999			3,637			1,568			34,265,873			673,496

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.

(c)

Allowances for loan losses:

Changes in allowances for loan losses during 2020 and 2021 are as follows:

	Commercial			Mortgage			Consumer			Total
	MCh$			MCh$			MCh$			MCh$
Balance as of January 1, 2020		254,801			43,708			350,724			649,233
Charge-offs		(69,193	)		(13,663	)		(250,122	)		(332,978	)
Sales or transfers of credits		(107	)		—			—			(107	)
Allowances (released) established, net (*)		295,889			4,607			219,463			519,959
Balance as of December 31, 2020		481,390			34,652			320,065			836,107
Charge-offs		(84,135	)		(10,712	)		(146,374	)		(241,221	)
Sales or transfers of credits		(15,477	)		—			—			(15,477	)
Allowances (released) established, net (*)		(62,937	)		15,046			141,978			94,087
Balance as of December 31, 2021		318,841			38,986			315,669			673,496

(*)

The Bank’s Management has been frequently reviewing the estimates and assumptions related to the ECL models for the retail and wholesale portfolios, with the aim of keeping them accurate and ensuring that the models used continue to reflect the risks inherent across the businesses. The impact of refinements to ECL models and assumptions resulted in a decrease in allowances of Ch$25,814 million before taxes in 2021 (an increase of Ch$93,669 million before taxes in 2020).

(d)

Financial Lease Contracts:

As of December 31, 2020 and 2021, the Bank’s scheduled cash flows to be received from financial leasing contracts have the following maturities as follows:

	Total receivable				Unearned income						Net lease receivable (*)
	2020		2021		2020			2021			2020		2021
	MCh$		MCh$		MCh$			MCh$			MCh$		MCh$
Due within one year		521,445		525,720		(52,438	)		(53,312	)		469,007		472,408
Due after 1 year but within 2 years		373,304		385,118		(37,958	)		(38,653	)		335,346		346,465
Due after 2 years but within 3 years		245,667		260,002		(25,084	)		(25,228	)		220,583		234,774
Due after 3 years but within 4 years		161,492		166,416		(17,433	)		(17,015	)		144,059		149,401
Due after 4 years but within 5 years		110,743		116,650		(12,841	)		(12,038	)		97,902		104,612
Due after 5 years		350,679		327,071		(28,994	)		(25,624	)		321,685		301,447
Total		1,763,330		1,780,977		(174,748	)		(171,870	)		1,588,582		1,609,107

(*)

The net balance receivable does not include the total overdue portfolio totaling Ch$4,625 million and Ch$4,178 million as of December 31, 2020 and 2021, respectively. This overdue portfolio only reflects the past due portion without considering the remaining outstanding principal and interest.

The leasing contracts are related to real estate, industrial machinery, vehicles and transport equipment. The leasing contracts have an average life of between 2 and 15 years.

(e)

Loans by industry sector:

The following table details the Bank’s loan portfolio (before allowances for loans losses) as of December 31, 2020 and 2021 by the customer’s industry sector and their respective economic activity:

	Location
	Chile				Abroad				Total
	2020		2021		2020		2021		2020		% of Loan		2021		% of Loan
	MCh$		MCh$		MCh$		MCh$		MCh$		Portfolio		MCh$		Portfolio
Agriculture, Livestock, Forestry, Agribusiness, Fishing:
Agriculture and livestock		642,941		647,731		—		—		642,941		2.08		647,731		1.89
Fruit		849,625		979,632		—		—		849,625		2.75		979,632		2.86
Forestry and wood extraction		154,661		143,520		—		—		154,661		0.50		143,520		0.42
Fishing		135,487		144,809		—		—		135,487		0.44		144,809		0.42
Mining and Petroleum:
Mining and quarries		470,607		400,413		—		—		470,607		1.52		400,413		1.17
Natural gas and crude oil extraction		—		—		—		—		—		—		—		—
Manufacturing:
Tobacco, food and beverages		539,144		680,460		—		—		539,144		1.74		680,460		1.99
Textiles, clothing and leather goods		40,344		49,758		—		—		40,344		0.13		49,758		0.15
Wood and wood products		68,892		71,031		—		—		68,892		0.22		71,031		0.21
Paper, printing and publishing		42,988		51,588		—		—		42,988		0.14		51,588		0.15
Oil refining, carbon and rubber		86,358		84,848		—		—		86,358		0.28		84,848		0.25
Production of basic metal, non-mineral, machine and equipment		403,924		526,601		—		—		403,924		1.31		526,601		1.54
Other manufacturing industries		166,118		287,165		—		—		166,118		0.54		287,165		0.84
Electricity, Gas and Water:
Electricity, gas and water		395,598		340,618		—		—		395,598		1.28		340,618		0.99
Construction:
Residential buildings		2,328,498		2,367,450		—		—		2,328,498		7.53		2,367,450		6.91
Other constructions		125,081		126,252		—		—		125,081		0.40		126,252		0.37
Commerce:
Wholesale		1,137,766		1,290,157		—		—		1,137,766		3.68		1,290,157		3.77
Retail, restaurants and hotels		1,399,039		1,319,864		7,341		7,793		1,406,380		4.55		1,327,657		3.87
Transport, Storage and Communications:
Transport and storage		1,239,443		1,622,345		—		—		1,239,443		4.01		1,622,345		4.73
Communications		214,961		212,279		—		—		214,961		0.69		212,279		0.62
Financial Services:
Financial and insurance companies		2,019,017		2,656,312		—		—		2,019,017		6.53		2,656,312		7.75
Real estate and other financial services		330,868		396,680		1,448		1,723		332,316		1.07		398,403		1.16
Community, Social and Personal Services:
Community, social and personal services		3,052,513		3,179,900		1,681		4,202		3,054,194		9.87		3,184,102		9.29
Others		1,747,254		2,079,201		—		—		1,747,254		5.67		2,079,201		6.07
Consumer Loans		3,948,721		4,247,013		—		—		3,948,721		12.76		4,247,013		12.39
Residential Mortgage Loans		9,387,372		10,346,528		—		—		9,387,372		30.33		10,346,528		30.19
Total		30,927,220		34,252,155		10,470		13,718		30,937,690		100.00		34,265,873		100.00

(f)

Purchase of loan portfolio

During the year ended December 31, 2020 and 2021 the Bank did not acquire portfolio loans.

(g)

Sale or transfer of credits from the loans to customers:

During 2019, 2020 and 2021 the Bank has carried out transactions of sale or transfer of the loan portfolio according to the following:

	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		—

	As of December 31, 2020
	Carrying amount		Allowances released			Sale price		Effect on income (loss) gain (*)
	MCh$		MCh$			MCh$		MCh$

Sale of outstanding loans		43,957		(107	)		43,889		39
Sale of write-off loans		—		—			—		—
Total		43,957		(107	)		43,889		39

	As of December 31, 2021
	Carrying amount		Allowances released			Sale price		Effect on income (loss) gain (*)
	MCh$		MCh$			MCh$		MCh$

Sale of outstanding loans		24,023		(15,477	)		13,992		5,446
Sale of write-off loans		—		—			12		12
Total		24,023		(15,477	)		14,004		5,458

(*)

See Note No. 31

(h)

Own assets securitizations:

During 2020 and 2021 the Bank did not execute securitization transactions involving its own assets.