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Borrowings from Financial Institutions
 12 Months Ended
Dec. 31, 2021
Disclosure of borrowings [text block] [Abstract]  
Borrowings from Financial Institutions
22.Borrowings from Financial Institutions:

 

As of December 31, 2020 and 2021, borrowings from financial institutions are detailed as follows:

 

   2020   2021 
   MCh$   MCh$ 
         
Domestic banks        
Banco do Brasil   7,100    
—
 
Banco Scotiabank   1,257    
—
 
Subtotal domestic banks   8,357    
—
 
           
Foreign banks          
Foreign trade financing          
Wells Fargo Bank   85,734    145,070 
Citibank N.A. United State   114,525    70,590 
Bank of America   20,475    43,925 
Sumitomo Mitsui Banking   11,394    42,641 
Bank of New York Mellon   21,389    17,055 
Standard Chartered Bank   715    4,990 
Commerzbank AG   21,687    1,782 
Bank of Tokyo   40    412 
The Bank of Nova Scotia   121,085    
—
 
Zürcher Kantonalbank   39,116    
—
 
           
Borrowings and other obligations          
Wells Fargo Bank   106,965    133,692 
Citibank N.A. United Kingdom   233    48,120 
Citibank N.A. United States   
—
    4,173 
Commerzbank AG   
—
    568 
Standard Chartered Bank   
—
    211 
Deutsche Bank Trust Company Americas   7,333    
—
 
Others   105    176 
Subtotal foreign banks   550,796    513,405 
           
Central Bank of Chile (*)   3,110,600    4,348,460 
           
Total   3,669,753    4,861,865 

 

(*)Financing provided by the Central Bank of Chile to deliver liquidity to the economy and support the flow of credit to households and companies, among which are the Loan Increase Conditional Credit Facility program (FCIC by its Spanish initials) and the Liquidity Credit Line (LCL).

 

As of December 31, 2021, the Bank has made use of these financing facilities for an amount of Ch$4,348,460 million (Ch$3,110,600 million as of December 31, 2020). To access the FCIC, the Bank has established guarantees in favor of the Central Bank of Chile for a total amount of approximately Ch$3,665,592 million, corresponding to commercial placements of the individual portfolio of high credit quality for Ch$3,024,118 million, and fixed income securities for an approximate amount of Ch$641,474 million. In the case of the LCL, the guarantee provided corresponds to the reserve held by the Bank.