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Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure of related party [text block] [Abstract]

Schedule of loans and accounts receivable and contingent loans

		Productive and Services Companies (*)								Investment Companies (**)								Individuals (***)								Total
		2020				2021				2020				2021				2020				2021				2020				2021
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$

Loans and accounts receivable:
Commercial loans			122,716				356,282				164,213				114,306				12,445				13,571				299,374				484,159
Residential mortgage loans			—				—				—				—				61,131				65,637				61,131				65,637
Consumer loans			—				—				—				—				8,743				10,660				8,743				10,660
Gross loans			122,716				356,282				164,213				114,306				82,319				89,868				369,248				560,456
Allowance for loan losses			(1,264	)			(3,224	)			(802	)			(571	)			(390	)			(432	)			(2,456	)			(4,227	)
Net loans			121,452				353,058				163,411				113,735				81,929				89,436				366,792				556,229

Contingent loans:
Guarantees and sureties			7,277				8,619				9,469				12,253				—				—				16,746				20,872
Letters of credits			2,885				87				—				—				—				—				2,885				87
Banks guarantees			25,129				26,872				35,733				21,852				—				—				60,862				48,724
Undrawn credit lines			46,887				77,965				14,308				14,398				20,306				21,831				81,501				114,194
Other contingencies loans			—				—				—				—				—				—				—				—
Total contingent loans			82,178				113,543				59,510				48,503				20,306				21,831				161,994				183,877
Provision for contingencies loans			(218	)			(274	)			(55	)			(52	)			(51	)			(22	)			(324	)			(348	)
Contingent loans, net			81,960				113,269				59,455				48,451				20,255				21,809				161,670				183,529

Amount covered by guarantee:
Mortgage			15,575				14,093				54,891				50,650				82,777				139,378				153,243				204,121
Warrant			—				—				—				—				—				—				—				—
Pledge			—				—				—				—				—				—				—				—
Others (****)			33,474				27,785				12,117				17,366				6,582				6,306				52,173				51,457
Total collateral			49,049				41,878				67,008				68,016				89,359				145,684				205,416				255,578

(*)

For these effects are considered productive companies, those that meet the following conditions:

(**)

Investment companies include those legal entities that do not comply with the conditions for operating companies and are profit-oriented.

(***)

Individuals include key members of the management and correspond to those who directly or indirectly have authority and responsibility for planning, administrating and controlling the activities of the organization, including directors. This category also includes their family members who influence or are influenced by such individuals in their interactions with the organization.

(****)

These guarantees correspond mainly to warranty by endorsement and sureties, state guarantees and other financial guarantees.

Schedule of other assets and liabilities with related parties

		2020				2021
		MCh$				MCh$
Assets
Cash and due from banks			261,386				288,798
Transactions in the course of collection			35,833				76,772
Financial assets held-for-trading			96				16
Derivative instruments			252,748				319,120
Investment instruments			31,548				15,045
Other assets			96,362				29,248
Total			677,973				728,999

Liabilities
Demand deposits			239,139				224,675
Transactions in the course of payment			37,799				75,142
Obligations under repurchase agreements			24,500				531
Savings accounts and time deposits			338,732				238,407
Derivative instruments			355,099				313,354
Borrowings from financial institutions			114,758				122,883
Lease liabilities			10,354				10,256
Other liabilities			14,699				56,196
Total			1,135,080				1,041,444

Schedule of income and expenses from related party transactions

		2019								2020								2021
		Income				Expense				Income				Expense				Income				Expense
Type of income or expense recognized		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$

Interest and revenue expenses			19,039				2,619				15,790				258				19,421				492
Fees and commission income			72,931				65,383				93,994				39,988				98,915				29,280
Net financial operating income
Derivative instruments (*)			124,967				73,252				12,219				46,593				105,964				56,189
Other financial operations			87				119				40				—				48				23
Release or established of provision for credit risk			—				106				—				1,226				—				1,733
Operating expenses			—				120,559				—				119,259				—				117,912
Other income and expenses			542				26				469				4				466				37

(*)

The outcome of derivative operations is presented net at each related counterparty level. Additionally, this line includes operations with local counterpart banks (unrelated) which have been novated by Comder Contraparte Central S.A. (Related entity) for centralized clearing purposes, which generated a net gain of Ch$29,956 million as of December 31, 2021 (net gain of Ch$4,997 million as of December 31, 2020 and net gain of Ch$123,461 million as of December 31, 2019).

Schedule of payments and composition of key management personnel

		2019				2020				2021
		MCh$				MCh$				MCh$
Personnel remunerations			4,148				3,918				4,233
Short-term benefits			3,255				3,642				3,534
Severance pay			1,264				1,550				314
Directors’ remunerations and fees (*)			2,509				2,795				2,889
Total			11,176				11,905				10,970

(*)

It includes fees paid to members of the Advisory Committee of Banchile Corredores de Seguros Ltda, of Ch$14 million (Ch$14 million in December 2020 and Ch$13 million in December 2019).

		N° of executives
Position		2020				2021
CEO			1				1
CEOs of subsidiaries			6				5
Division Managers			14				14
Directors Bank and subsidiaries			19				18
Total			40				38