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v3.23.1

Changes in Accounting Policies, Estimates and Disclosures (Tables) | 12 Months Ended
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Dec. 31, 2022
Changes in Accounting Policies, Estimates [Abstract] |
Schedule of balance sheet |
|  | as of December 31, 2021 |
|  | Reported Balance |  |  | Reclassifications |  |  |  |  |  | New Balance |
|  | MCh$ |  |  | MCh$ |  |  | Ref. |  |  | MCh$ |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  |  | 3,713,734 |  |  |  | — |  |  |  |  |  |  |  | 3,713,734 |
Transactions in the course of collection |  |  | 326,446 |  |  |  | — |  |  |  |  |  |  |  | 326,446 |
Derivative instruments |  |  | 2,983,298 |  |  |  | (2,983,298 | ) |  |  | a |  |  |  | — |
Financial assets held-for-trading |  |  | 3,876,695 |  |  |  | (3,876,695 | ) |  |  | b |  |  |  | — |
Financial assets held-for-trading at fair value through profit and loss: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial instruments |  |  | — |  |  |  | 2,705,496 |  |  |  | a |  |  |  | 2,705,496 |
Debt financial instruments |  |  | — |  |  |  | 3,737,942 |  |  |  | b |  |  |  | 3,737,942 |
Others |  |  | — |  |  |  | 138,753 |  |  |  | b |  |  |  | 138,753 |
Non-trading financial assets mandatorily measured at fair value through profit or loss |  |  | — |  |  |  | — |  |  |  |  |  |  |  | — |
Financial assets at fair value through profit or loss |  |  | — |  |  |  | — |  |  |  |  |  |  |  | — |
Financial assets at fair value through other comprehensive income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt financial instruments |  |  | 3,054,809 |  |  |  | — |  |  |  |  |  |  |  | 3,054,809 |
Equity instruments |  |  | 6,365 |  |  |  | — |  |  |  |  |  |  |  | 6,365 |
Derivative financial instruments for hedging purposes |  |  | — |  |  |  | 277,802 |  |  |  | a |  |  |  | 277,802 |
Financial assets at amortized cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rights by resale agreements and securities lending |  |  | 64,365 |  |  |  | — |  |  |  |  |  |  |  | 64,365 |
Debt financial instruments |  |  | 839,744 |  |  |  | — |  |  |  |  |  |  |  | 839,744 |
Loans and advances to Banks |  |  | 1,529,751 |  |  |  | — |  |  |  |  |  |  |  | 1,529,751 |
Loans to customers - Commercial loans |  |  | 19,353,491 |  |  |  | — |  |  |  |  |  |  |  | 19,353,491 |
Loans to customers - Residential mortgage loans |  |  | 10,307,542 |  |  |  | — |  |  |  |  |  |  |  | 10,307,542 |
Loans to customers - Consumer loans |  |  | 3,931,344 |  |  |  | — |  |  |  |  |  |  |  | 3,931,344 |
Investments in other companies |  |  | 46,923 |  |  |  | — |  |  |  |  |  |  |  | 46,923 |
Intangible assets |  |  | 105,942 |  |  |  | — |  |  |  |  |  |  |  | 105,942 |
Property and equipment |  |  | 222,320 |  |  |  | — |  |  |  |  |  |  |  | 222,320 |
Right-of-use assets |  |  | 100,188 |  |  |  | — |  |  |  |  |  |  |  | 100,188 |
Current tax assets |  |  | — |  |  |  | — |  |  |  |  |  |  |  | — |
Deferred tax assets |  |  | 276,400 |  |  |  | — |  |  |  |  |  |  |  | 276,400 |
Other assets |  |  | 674,115 |  |  |  | (7,004 | ) |  |  | c;d |  |  |  | 667,111 |
Non-current assets and disposal groups held for sale |  |  | — |  |  |  | 19,480 |  |  |  | c |  |  |  | 19,480 |
Investments properties |  |  | 12,476 |  |  |  | (12,476 | ) |  |  | d |  |  |  | — |
TOTAL ASSETS |  |  | 51,425,948 |  |  |  | — |  |  |  |  |  |  |  | 51,425,948 |
|  | as of December 31, 2021 |
|  | Reported Balance |  |  | Reclassifications |  |  |  |  |  | New Balance |
|  | MCh$ |  |  | MCh$ |  |  | Ref. |  |  | MCh$ |
LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |
Transactions in the course of payments |  |  | 210,479 |  |  |  | — |  |  |  |  |  |  |  | 210,479 |
Obligations under repurchase agreements |  |  | 95,009 |  |  |  | (95,009 | ) |  |  | e |  |  |  | — |
Derivative instruments |  |  | 2,773,476 |  |  |  | (2,773,476 | ) |  |  | a |  |  |  | — |
Financial liabilities held for trading at fair value through profit or loss: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial instruments |  |  | — |  |  |  | 2,772,780 |  |  |  | a |  |  |  | 2,772,780 |
Others |  |  | — |  |  |  | — |  |  |  |  |  |  |  | — |
Financial liabilities designated as at fair value through profit or loss |  |  | — |  |  |  | — |  |  |  |  |  |  |  | — |
Derivative Financial Instruments for hedging purposes |  |  | — |  |  |  | 696 |  |  |  | a |  |  |  | 696 |
Financial liabilities at amortized cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current accounts and other demand deposits |  |  | 18,542,791 |  |  |  | — |  |  |  |  |  |  |  | 18,542,791 |
Saving accounts and time deposits |  |  | 9,140,006 |  |  |  | — |  |  |  |  |  |  |  | 9,140,006 |
Obligations by repurchase agreements and securities lending |  |  | — |  |  |  | 95,009 |  |  |  | e |  |  |  | 95,009 |
Borrowings from financial institutions |  |  | 4,861,865 |  |  |  | — |  |  |  |  |  |  |  | 4,861,865 |
Debt financial instruments issued |  |  | 9,478,905 |  |  |  | (917,510 | ) |  |  | f |  |  |  | 8,561,395 |
Other financial obligations |  |  | 274,618 |  |  |  | (24,613 | ) |  |  | g |  |  |  | 250,005 |
Lease liabilities |  |  | 95,670 |  |  |  | — |  |  |  |  |  |  |  | 95,670 |
Debt financial instruments issued for regulatory capital purposes |  |  | — |  |  |  | 917,510 |  |  |  | f |  |  |  | 917,510 |
Provisions |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Provision for dividends |  |  | 237,877 |  |  |  | — |  |  |  |  |  |  |  | 237,877 |
Provisions for contingent loan credit risk |  |  | 93,049 |  |  |  | — |  |  |  |  |  |  |  | 93,049 |
Other provisions |  |  | 958 |  |  |  | 35,937 |  |  |  | h |  |  |  | 36,895 |
Currents tax liabilities |  |  | 112,283 |  |  |  | — |  |  |  |  |  |  |  | 112,283 |
Deferred tax liabilities |  |  | — |  |  |  | — |  |  |  |  |  |  |  | — |
Employee benefits |  |  | 106,963 |  |  |  | — |  |  |  |  |  |  |  | 106,963 |
Other liabilities |  |  | 583,027 |  |  |  | (11,324 | ) |  |  | g;h |  |  |  | 571,703 |
Liabilities included in disposal groups held for sale |  |  | — |  |  |  | — |  |  |  |  |  |  |  | — |
TOTAL LIABILITIES |  |  | 46,606,976 |  |  |  | — |  |  |  |  |  |  |  | 46,606,976 |
EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Attributable to equity holders of the parent: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital |  |  | 2,418,833 |  |  |  | — |  |  |  |  |  |  |  | 2,418,833 |
Reserves |  |  | 904,059 |  |  |  | — |  |  |  |  |  |  |  | 904,059 |
Accumulated other comprehensive income |  |  | 41,617 |  |  |  | — |  |  |  |  |  |  |  | 41,617 |
Retained earnings: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retained earnings from previous periods |  |  | 636,023 |  |  |  | — |  |  |  |  |  |  |  | 636,023 |
Income for the year |  |  | 1,056,316 |  |  |  | — |  |  |  |  |  |  |  | 1,056,316 |
Less: Provision for dividends |  |  | (237,877 | ) |  |  | — |  |  |  |  |  |  |  | (237,877 | )
Non-controlling interest |  |  | 1 |  |  |  | — |  |  |  |  |  |  |  | 1 |
TOTAL EQUITY |  |  | 4,818,972 |  |  |  | — |  |  |  |  |  |  |  | 4,818,972 |
TOTAL LIABILITIES AND EQUITY |  |  | 51,425,948 |  |  |  | — |  |  |  |  |  |  |  | 51,425,948 |
| a) | The assets and liabilities “Derivative instruments” are separated into “Derivative financial instruments held for trading at fair value through profit or loss” and “Derivative Financial Instruments for hedging purposes”.
| b) | Debt financial instruments and mutual funds were reclassified from “Financial assets held-for-trading” to “Financial assets held-for-trading at fair value through profit or loss”.
| c) | Investment in Nexus S.A and assets received in lieu of payment were reclassified from “Other assets” to “Non-current assets and disposal groups held for sale”.
| d) | Investment properties were reclassified from “Investment properties” to “Other assets”.
| e) | Short sales of shares were reclassified from “Obligations under repurchase agreements” to “Obligations by repurchase agreements and securities lending at amortized cost”.
| f) | Subordinated bonds were reclassified from “Debt financial instruments issued” to “Debt financial instruments issued for regulatory capital purposes”.
| g) | Suppliers of goods for leasing were reclassified from “Other financial obligations” to “Other liabilities”.
| h) | Loyalty provision were reclassified from “Other Liabilities” to “Other provisions”.
Schedule of income statement |
|  | as of December 31, 2021 |
|  | Reported Balance |  |  | Reclassifications |  |  |  |  | New Balance |
|  | MCh$ |  |  | MCh$ |  |  | Ref. |  | MCh$ |
STATEMENT OF INCOME |  |  |  |  |  |  |  |  |  |  |
Interest revenue |  |  | 2,388,470 |  |  |  | — |  |  |  |  |  | 2,388,470 |
Interest expense |  |  | (814,448 | ) |  |  | — |  |  |  |  |  | (814,448 | )
Net interest income |  |  | 1,574,022 |  |  |  | — |  |  |  |  |  | 1,574,022 |
Income from commissions |  |  | 584,321 |  |  |  | — |  |  |  |  |  | 584,321 |
Expense from commissions |  |  | (129,293 | ) |  |  | — |  |  |  |  |  | (129,293 | )
Net income from commissions |  |  | 455,028 |  |  |  | — |  |  |  |  |  | 455,028 |
Net Financial income (expense) |  |  | 186,941 |  |  |  | (15,962 | ) |  | a |  |  | 170,979 |
Foreign exchange transactions, net |  |  | (15,962 | ) |  |  | 15,962 |  |  | a |  |  | — |
Income attributable to investments in other companies |  |  | — |  |  |  | 1,793 |  |  | b |  |  | 1,793 |
Result from non-current assets and disposal groups held for sale not admissible as discontinued operations |  |  | — |  |  |  | 1,986 |  |  | c |  |  | 1,986 |
Other operating income |  |  | 34,056 |  |  |  | (12,993 | ) |  | c;d |  |  | 21,063 |
TOTAL OPERATING INCOME, BEFORE EXPECTED CREDIT LOSSES |  |  | 2,234,085 |  |  |  | (9,214 | ) |  |  |  |  | 2,224,871 |
Expected credit losses |  |  | (19,172 | ) |  |  | — |  |  |  |  |  | (19,172 | )
TOTAL OPERATING INCOME, NET OF EXPECTED CREDIT LOSSES |  |  | 2,214,913 |  |  |  | (9,214 | ) |  |  |  |  | 2,205,699 |
Expenses from salaries and employee benefits |  |  | (450,952 | ) |  |  | — |  |  |  |  |  | (450,952 | )
Administrative expenses |  |  | (324,625 | ) |  |  | — |  |  |  |  |  | (324,625 | )
Depreciation and amortization |  |  | (76,798 | ) |  |  | — |  |  |  |  |  | (76,798 | )
Impairment of non-financial assets |  |  | (1,690 | ) |  |  | — |  |  |  |  |  | (1,690 | )
Other operating expenses |  |  | (30,355 | ) |  |  | 11,007 |  |  | c;d |  |  | (19,348 | )
TOTAL OPERATING EXPENSES |  |  | (884,420 | ) |  |  | 11,007 |  |  |  |  |  | (873,413 | )
Income attributable to associates |  |  | 1,793 |  |  |  | (1,793 | ) |  | b |  |  | — |
NET OPERATING INCOME |  |  | 1,332,286 |  |  |  | — |  |  |  |  |  | 1,332,286 |
Income taxes |  |  | (275,969 | ) |  |  | — |  |  |  |  |  | (275,969 | )
NET INCOME FOR THE YEAR |  |  | 1,056,317 |  |  |  | — |  |  |  |  |  | 1,056,317 |
| a) | Income and expense from foreign exchange were included as part of “Net Financial income (expense)”.
| b) | Income from investments in associates and other companies were reclassified from “Income attributable to associates” to “Other operating income”.
| c) | Expenses for assets received in lieu of payment and income from sale of noncurrent assets were reclassified from “Other operating expenses” and “Other Operating income” to “Result from non-current assets and disposal groups held for sale not admissible as discontinued operations”.
| d) | Income for recovery of expenses for credit operations of financial leasing and other operational risk events were reclassified from “Other operating income” to “Other Operating expenses”.

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- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Paragraph (a) -Subsection 04 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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