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Consolidated Statements of Cash Flows
$ in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2021
CLP ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
CLP ($)
Dec. 31, 2019
CLP ($)
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income for the year $ 1,056,317 $ 1,238,892 $ 401,630 $ 603,745
Items that do not represent cash flows:        
Depreciation and amortization 76,798 90,072 73,357 70,541
Impairment property and equipment 1,690 1,982 1,661 2,555
Provision for Expected Credit losses 93,710 109,907 520,307 376,153
Provisions for contingent loan risks (5,132) (6,019) 73,210 (45)
Fair value adjustment of financial assets held-for-trading 6,122 7,180 (909) 294
Provision for deferred income taxes 20,163 23,648 (58,895) (58,733)
Income attributable to associates (1,793) (2,103) 5,099 (6,039)
Net gain on sales of assets received in lieu of payment (1,837) (2,155) (3) (2,560)
Net gain loss on sales of property and equipment (214) (251) (30) (90)
Charge-offs of assets received in lieu of payment 418 490
Other charges (credits) to income that do not represent cash flows 13,508 15,843 27,110 9,477
Net changes in exchange rate, interest and fees accrued on assets and liabilities (500,215) (586,673) (7,117) 146,774
Changes in assets and liabilities that affect operating cash flows:        
(Increase) decrease in loans and advances to banks, net 1,409,687 1,653,340 (1,800,134) 354,308
(Increase) decrease in loans to customers at amortized cost (2,915,171) (3,419,034) (1,140,644) (2,342,112)
(Increase) decrease in financial assets held-for-trading, net 654,841 768,025 (2,793,801) 149,292
(Increase) decrease in other assets and liabilities (341,542) (400,575) 304,426 129,119
Increase (decrease) in current accounts and other demand deposits 3,369,787 3,952,227 3,843,145 1,738,840
Increase (decrease) in transactions from reverse repurchase agreements (176,369) (206,853) (33,488) 1,711
Increase (decrease) in saving accounts and time deposits 234,048 274,501 (1,901,014) 184,946
Proceeds from sale of assets received in lieu of payment 10,824 12,695 13,730 30,795
Total cash flows from operating activities 3,005,640 3,525,139 (2,472,360) 1,388,971
CASH FLOWS FROM INVESTING ACTIVITIES:        
(Increase) decrease in financial assets at fair value through other comprehensive income (2,070,906) (2,428,845) 285,558 (301,175)
(Increase) decrease in financial instruments at amortized cost (813,477) (954,080)
Payments for lease agreements (30,585) (35,871) (28,705) (29,374)
Net changes in leased assets (1,386) (1,626) (847) (1,725)
Purchases of property and equipment (34,193) (40,103) (28,471) (43,512)
Proceeds from sales of property and equipment 214 251 401 92
Purchases of intangible assets (30,222) (35,446) (18,631) (20,928)
Investments in other companies (7,847) (9,203) (671)
Dividends received from investments in other companies 1,097 1,287 1,001 552
Total cash flows from investing activities (2,987,305) (3,503,636) 210,306 (396,741)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Repayment of mortgage financial bonds (1,633) (1,915) (2,382) (3,268)
Proceeds from bond issuances 1,661,016 1,948,109 889,135 2,625,176
Redemption from bond issuances (1,338,021) (1,569,287) (1,221,026) (1,546,572)
Dividends paid (220,271) (258,343) (350,538) (356,311)
Increase (decrease) in borrowings from foreign financial institutions (45,421) (53,272) (999,925) 44,755
Increase (decrease) in other financial obligations 83,137 97,507 52,683 42,664
Increase (decrease) in borrowings from Central Bank of Chile 1,237,814 1,451,760 3,110,600
Other long-term borrowings
Payment of other long-term borrowings (207) (243) (16,963) (4,005)
Total cash flows from financing activities 1,376,414 1,614,316 1,461,584 802,439
TOTAL NET POSITIVE (NEGATIVE) CASH FLOWS FOR THE YEAR 1,394,749 1,635,819 (800,470) 1,794,669
Net effect of exchange rate changes on cash and cash equivalents 324,965 381,133 (34,366) 34,299
Cash and cash equivalents at beginning of year 2,275,410 2,668,696 3,110,246 1,281,278
Cash and cash equivalents at end of year 3,995,124 4,685,648 2,275,410 3,110,246
Cash received (paid ) during the year for:        
Income taxes (paid) received 29,163 34,204 (70,686) (6,514)
Interest received 1,656,189 1,942,447 1,777,086 2,010,563
Interest paid $ (262,894) $ (308,333) $ (505,557) $ (460,115)