XML 65 R47.htm IDEA: XBRL DOCUMENT
v3.23.1

Related Party Disclosures | 12 Months Ended
--- | ---
Dec. 31, 2022
Related Party Disclosures [Abstract] |
Related Party Disclosures |
| 40. | Related Party Disclosures:
Related parties are considered to be those natural or legal persons who are in positions to directly or indirectly have significant influence through their ownership or management of the Bank and its subsidiaries. According to the above, the Bank has considered as related parties those natural or legal persons who have a direct participation or through third parties on bank ownership, where such participation exceeds 5% of the shares, and also people who, regardless of ownership, have authority and responsibility for planning, management and control of the activities of the entity or its subsidiaries. There also are considered as related the companies in which the parties related by ownership or management of the Bank have a share which reaches or exceeds 5%, or has the position of director, general manager or equivalent.
| (a) | Assets and liabilities with related parties:
|  | Related Party Type |
Type of current assets and liabilities with related parties As of December 31, 2022 |  | Parent Entity MCh$ |  |  | Other Legal Entity MCh$ |  |  | Key Personnel of the Consolidated Bank MCh$ |  |  | Other Related Party MCh$ |  |  | Total MCh$ |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial assets held for trading at fair value through profit or loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative Financial Instruments |  |  | — |  |  |  | 343,278 |  |  |  | — |  |  |  | — |  |  |  | 343,278 |
Debt financial instruments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Other financial instruments |  |  | — |  |  |  | 3,354 |  |  |  | — |  |  |  | — |  |  |  | 3,354 |
Non-trading financial assets mandatorily measured at fair value through profit or loss |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Financial assets designated as at fair value through profit or loss |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Financial assets at fair value through other comprehensive income |  |  | — |  |  |  | 16,759 |  |  |  | — |  |  |  | — |  |  |  | 16,759 |
Derivative Financial Instruments for hedging purposes |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Financial assets at amortized cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rights by resale agreements and securities lending |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Debt financial instruments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial loans |  |  | — |  |  |  | 609,155 |  |  |  | 1,384 |  |  |  | 12,024 |  |  |  | 622,563 |
Residential mortgage loans |  |  | — |  |  |  | — |  |  |  | 15,221 |  |  |  | 58,608 |  |  |  | 73,829 |
Consumer Loans |  |  | — |  |  |  | — |  |  |  | 2,068 |  |  |  | 10,879 |  |  |  | 12,947 |
Allowances established – Loans |  |  | — |  |  |  | (4,153 | ) |  |  | (21 | ) |  |  | (401 | ) |  |  | (4,575 | )
Other assets |  |  | 9 |  |  |  | 149,096 |  |  |  | — |  |  |  | 21 |  |  |  | 149,126 |
Contingent loans |  |  | — |  |  |  | 177,834 |  |  |  | 4,119 |  |  |  | 17,872 |  |  |  | 199,825 |
LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial liabilities held for trading at fair value through profit or loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative Financial Instruments |  |  | — |  |  |  | 400,984 |  |  |  | — |  |  |  | — |  |  |  | 400,984 |
Financial liabilities designated as at fair value through profit or loss |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Derivative Financial Instruments for hedging purposes |  |  | — |  |  |  | 7,647 |  |  |  | — |  |  |  | — |  |  |  | 7,647 |
Financial liabilities at amortized cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current accounts and other demand deposits |  |  | 217 |  |  |  | 206,465 |  |  |  | 3,081 |  |  |  | 6,529 |  |  |  | 216,292 |
Saving accounts and time deposits |  |  | 4,643 |  |  |  | 274,318 |  |  |  | 3,815 |  |  |  | 24,125 |  |  |  | 306,901 |
Obligations by repurchase agreements and securities lending |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Borrowings from financial institutions |  |  | — |  |  |  | 177,827 |  |  |  | — |  |  |  | — |  |  |  | 177,827 |
Debt financial instruments issued |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Other financial obligations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Lease liabilities |  |  | — |  |  |  | 11,252 |  |  |  | — |  |  |  | — |  |  |  | 11,252 |
Other liabilities |  |  | — |  |  |  | 108,767 |  |  |  | 517 |  |  |  | 52 |  |  |  | 109,336 |
|  | Related Party Type |
Type of current assets and liabilities with related parties As of December 31, 2021 |  | Parent Entity MCh$ |  |  | Other Legal Entity MCh$ |  |  | Key Personnel of the Consolidated Bank MCh$ |  |  | Other Related Party MCh$ |  |  | Total MCh$ |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial assets held for trading at fair value through profit or loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative Financial Instruments |  |  | — |  |  |  | 319,120 |  |  |  | — |  |  |  | — |  |  |  | 319,120 |
Debt financial instruments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Other financial instruments |  |  | — |  |  |  | 16 |  |  |  | — |  |  |  | — |  |  |  | 16 |
Non-trading financial assets mandatorily measured at fair value through profit or loss |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Financial assets designated as at fair value through profit or loss |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Financial assets at fair value through other comprehensive income |  |  | — |  |  |  | 15,045 |  |  |  | — |  |  |  | — |  |  |  | 15,045 |
Derivative Financial Instruments for hedging purposes |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Financial assets at amortized cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rights by resale agreements and securities lending |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Debt financial instruments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial loans |  |  | — |  |  |  | 470,424 |  |  |  | 853 |  |  |  | 12,718 |  |  |  | 483,995 |
Residential mortgage loans |  |  | — |  |  |  | — |  |  |  | 14,612 |  |  |  | 51,025 |  |  |  | 65,637 |
Consumer Loans |  |  | — |  |  |  | — |  |  |  | 1,862 |  |  |  | 8,798 |  |  |  | 10,660 |
Allowances established – Loans |  |  | — |  |  |  | (3,795 | ) |  |  | (15 | ) |  |  | (416 | ) |  |  | (4,226 | )
Other assets |  |  | 8 |  |  |  | 106,137 |  |  |  | — |  |  |  | 40 |  |  |  | 106,185 |
Contingent loans |  |  | — |  |  |  | 162,046 |  |  |  | 4,119 |  |  |  | 17,713 |  |  |  | 183,878 |
LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial liabilities held for trading at fair value through profit or loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative Financial Instruments |  |  | — |  |  |  | 313,277 |  |  |  | — |  |  |  | — |  |  |  | 313,277 |
Financial liabilities designated as at fair value through profit or loss |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Derivative Financial Instruments for hedging purposes |  |  | — |  |  |  | 608 |  |  |  | — |  |  |  | — |  |  |  | 608 |
Financial liabilities at amortized cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current accounts and other demand deposits |  |  | 254 |  |  |  | 209,799 |  |  |  | 7,403 |  |  |  | 7,219 |  |  |  | 224,675 |
Saving accounts and time deposits |  |  | 19,836 |  |  |  | 196,913 |  |  |  | 2,310 |  |  |  | 19,347 |  |  |  | 238,406 |
Obligations by repurchase agreements and securities lending |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Borrowings from financial institutions |  |  | — |  |  |  | 122,883 |  |  |  | — |  |  |  | — |  |  |  | 122,883 |
Debt financial instruments issued |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Other financial obligations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Lease liabilities |  |  | — |  |  |  | 10,256 |  |  |  | — |  |  |  | — |  |  |  | 10,256 |
Other liabilities |  |  | — |  |  |  | 93,743 |  |  |  | 483 |  |  |  | 18 |  |  |  | 94,244 |
| (b) | Income and expenses from related party transactions (*):
As of December 31, 2022 |  | Parent Entity |  |  | Other Legal Entity |  |  | Key personnel of the consolidated Bank |  |  | Other Related party |  |  | Total |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Interest and UF indexation revenue |  |  | — |  |  |  | 49,027 |  |  |  | 2,382 |  |  |  | 9,736 |  |  |  | 61,145 |
Income from commissions |  |  | 92 |  |  |  | 112,308 |  |  |  | 20 |  |  |  | 69 |  |  |  | 112,489 |
Net Financial income (expense) |  |  | — |  |  |  | 88,103 |  |  |  | — |  |  |  | — |  |  |  | 88,103 |
Other income |  |  | — |  |  |  | 79 |  |  |  | — |  |  |  | — |  |  |  | 79 |
Total Income |  |  | 92 |  |  |  | 249,517 |  |  |  | 2,402 |  |  |  | 9,805 |  |  |  | 261,816 |
Interest and UF indexation expense |  |  | 826 |  |  |  | 8,412 |  |  |  | 156 |  |  |  | 1,194 |  |  |  | 10,588 |
Expenses from commissions |  |  | — |  |  |  | 35,948 |  |  |  | — |  |  |  | — |  |  |  | 35,948 |
Expenses credit losses |  |  | — |  |  |  | 242 |  |  |  | (5 | ) |  |  | 31 |  |  |  | 268 |
Expenses from salaries and employee benefits |  |  | — |  |  |  | 173 |  |  |  | 32,873 |  |  |  | 71,524 |  |  |  | 104,570 |
Administrative expenses |  |  | — |  |  |  | 22,254 |  |  |  | 3,603 |  |  |  | 120 |  |  |  | 25,977 |
Other expenses |  |  | — |  |  |  | 10 |  |  |  | 3 |  |  |  | 15 |  |  |  | 28 |
Total Expenses |  |  | 826 |  |  |  | 67,039 |  |  |  | 36,630 |  |  |  | 72,884 |  |  |  | 177,379 |
As of December 31, 2021 |  | Parent Entity |  |  | Other Legal Entity |  |  | Key personnel of the consolidated Bank |  |  | Other Related party |  |  | Total |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Interest and UF indexation revenue |  |  | — |  |  |  | 12,591 |  |  |  | 1,313 |  |  |  | 5,517 |  |  |  | 19,421 |
Income from commissions |  |  | 149 |  |  |  | 98,680 |  |  |  | 26 |  |  |  | 60 |  |  |  | 98,915 |
Net Financial income (expense) |  |  | — |  |  |  | 49,775 |  |  |  | — |  |  |  | — |  |  |  | 49,775 |
Other income |  |  | — |  |  |  | 466 |  |  |  | — |  |  |  | — |  |  |  | 466 |
Total Income |  |  | 149 |  |  |  | 161,512 |  |  |  | 1,339 |  |  |  | 5,577 |  |  |  | 168,577 |
Interest and UF indexation expense |  |  | 3 |  |  |  | 457 |  |  |  | 4 |  |  |  | 27 |  |  |  | 491 |
Expenses from commissions |  |  | — |  |  |  | 29,813 |  |  |  | — |  |  |  | — |  |  |  | 29,813 |
Expenses credit losses |  |  | — |  |  |  | 1,659 |  |  |  | — |  |  |  | 74 |  |  |  | 1,733 |
Expenses from salaries and employee benefits |  |  | — |  |  |  | 6 |  |  |  | 26,100 |  |  |  | 67,098 |  |  |  | 93,204 |
Administrative expenses |  |  | — |  |  |  | 20,771 |  |  |  | 3,325 |  |  |  | 78 |  |  |  | 24,174 |
Other expenses |  |  | — |  |  |  | 32 |  |  |  | 1 |  |  |  | 4 |  |  |  | 37 |
Total Expenses |  |  | 3 |  |  |  | 52,738 |  |  |  | 29,430 |  |  |  | 67,281 |  |  |  | 149,452 |
As of December 31, 2020 |  | Parent Entity |  |  | Other Legal Entity |  |  | Key personnel of the consolidated Bank |  |  | Other Related party |  |  | Total |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Interest and UF indexation revenue |  |  | 17 |  |  |  | 11,847 |  |  |  | 587 |  |  |  | 3,339 |  |  |  | 15,790 |
Income from commissions |  |  | 157 |  |  |  | 40,900 |  |  |  | 18 |  |  |  | 91 |  |  |  | 41,166 |
Net Financial income (expense) |  |  | 976 |  |  |  | (35,351 | ) |  |  | — |  |  |  | — |  |  |  | (34,375 | )
Other income |  |  | — |  |  |  | 469 |  |  |  | — |  |  |  | — |  |  |  | 469 |
Total Income |  |  | 1,150 |  |  |  | 17,865 |  |  |  | 605 |  |  |  | 3,430 |  |  |  | 23,050 |
Interest and UF indexation expense |  |  | 60 |  |  |  | 191 |  |  |  | 1 |  |  |  | 7 |  |  |  | 259 |
Expenses from commissions |  |  | — |  |  |  | 39,988 |  |  |  | — |  |  |  | — |  |  |  | 39,988 |
Expenses credit losses |  |  | — |  |  |  | 1,697 |  |  |  | (41 | ) |  |  | (431 | ) |  |  | 1,225 |
Expenses from salaries and employee benefits |  |  | — |  |  |  | 16 |  |  |  | 9,105 |  |  |  | 88,699 |  |  |  | 97,820 |
Administrative expenses |  |  | — |  |  |  | 18,153 |  |  |  | 3,173 |  |  |  | 112 |  |  |  | 21,438 |
Other expenses |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | 3 |  |  |  | 4 |
Total Expenses |  |  | 60 |  |  |  | 60,045 |  |  |  | 12,239 |  |  |  | 88,390 |  |  |  | 160,734 |
(*) | This does not constitute a Statement of Income from operations with related parties since the assets with these parties are not necessarily equal to the liabilities and in each of them the total income and expenses are reflected and not those corresponding to matched operations.
| (c) | Transactions with related parties:
As of December 31, 2022
|  |  |  | Description of the transaction |  |  |  |  |  |  | Effect on Income |  |  | Effect on Financial position |
Company name |  | Nature of the relationship with the Bank |  | Type of service |  | Term |  | Renewal conditions |  | Transactions under equivalence conditions to those transactions with mutual independence between the parties |  | Amount |  |  | Income |  |  | Expenses |  |  | Accounts receivable |  |  | Accounts payable |
|  |  |  |  |  |  |  |  |  |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Ionix SPA |  | Other related parties |  | IT license services |  | 30 days |  | Contract |  | Yes |  |  | 440 |  |  |  | — |  |  |  | 440 |  |  |  | — |  |  |  | 32 |
|  |  |  | IT support services |  | 30 days |  | Contract |  | Yes |  |  | 334 |  |  |  | — |  |  |  | 334 |  |  |  | — |  |  |  | — |
Canal 13 |  | Other related parties |  | Advertising service |  | 30 days |  | Monthly |  | Yes |  |  | 584 |  |  |  | — |  |  |  | 584 |  |  |  | — |  |  |  | 134 |
Servipag Ltda. |  | Joint venture |  | Software services |  | 30 days |  | Contract |  | Yes |  |  | 768 |  |  |  | — |  |  |  | 768 |  |  |  | — |  |  |  | 465 |
|  | Joint venture |  | Collection services |  | 30 days |  | Contract |  | Yes |  |  | 4,405 |  |  |  | — |  |  |  | 4,405 |  |  |  | — |  |  |  | — |
Bolsa de Comercio de Santiago |  | Other related parties |  | IT support services |  | 30 days |  | Contract |  | Yes |  |  | 259 |  |  |  | — |  |  |  | 259 |  |  |  | — |  |  |  | — |
|  |  |  | Service of financial information |  | 30 days |  | Contract |  | Yes |  |  | 335 |  |  |  | — |  |  |  | 335 |  |  |  | — |  |  |  | — |
|  |  |  | Brokerage commission |  | 30 days |  | Contract |  | Yes |  |  | 310 |  |  |  | — |  |  |  | 310 |  |  |  | — |  |  |  | — |
Enex S.A. |  | Other related parties |  | Rent spaces for ATM |  | 30 days |  | Contract |  | Yes |  |  | 168 |  |  |  | — |  |  |  | 168 |  |  |  | — |  |  |  | 168 |
Redbanc S.A. |  | Associates |  | Software development |  | 30 days |  | Contract |  | Yes |  |  | 399 |  |  |  | — |  |  |  | 399 |  |  |  | — |  |  |  | 1,223 |
|  |  |  | Electronic transaction management services |  | 30 days |  | Contract |  | Yes |  |  | 13,380 |  |  |  | — |  |  |  | 13,380 |  |  |  | — |  |  |  | — |
Sistemas Oracle de Chile Ltda. |  | Other related parties |  | Software services |  | 30 days |  | Contract |  | Yes |  |  | 6,029 |  |  |  | — |  |  |  | 6,029 |  |  |  | — |  |  |  | 2,281 |
|  |  |  | IT support services |  | 30 days |  | Contract |  | Yes |  |  | 2,873 |  |  |  | — |  |  |  | 2,873 |  |  |  | — |  |  |  | — |
Depósito Central de Valores |  | Associates |  | Custodial services |  | 30 days |  | Contract |  | Yes |  |  | 2,230 |  |  |  | — |  |  |  | 2,230 |  |  |  | — |  |  |  | 53 |
Inmobiliaria e inversiones Capitolio S.A. |  | Other related parties |  | Space rental |  | 30 days |  | Contract |  | Yes |  |  | 82 |  |  |  | — |  |  |  | 82 |  |  |  | — |  |  |  | — |
Tagle y Compañía limitada |  | Other related parties |  | Legal services |  | 30 days |  | Contract |  | Yes |  |  | 126 |  |  |  | — |  |  |  | 126 |  |  |  | — |  |  |  | 6 |
Manantial S.A |  | Other related parties |  | Materials and supplies |  | 30 days |  | Contract |  | Yes |  |  | 224 |  |  |  | — |  |  |  | 224 |  |  |  | — |  |  |  | 15 |
Radio difusión SPA |  | Other related parties |  | Advertising service |  | 30 days |  | Contract |  | Yes |  |  | 105 |  |  |  | — |  |  |  | 105 |  |  |  | — |  |  |  | 4 |
Nexus S.A. |  | Other related parties |  | Customer product delivery services |  | 30 days |  | Contract |  | Yes |  |  | 1,185 |  |  |  | — |  |  |  | 1,185 |  |  |  | — |  |  |  | 1,679 |
|  |  |  | Card processing |  | 30 days |  | Contract |  | Yes |  |  | 11,178 |  |  |  | — |  |  |  | 11,178 |  |  |  | — |  |  |  | — |
|  |  |  | IT development services |  | 30 days |  | Contract |  | Yes |  |  | 1,565 |  |  |  | — |  |  |  | 1,565 |  |  |  | — |  |  |  | — |
|  |  |  | Embossing services |  | 30 days |  | Contract |  | Yes |  |  | 724 |  |  |  | — |  |  |  | 724 |  |  |  | — |  |  |  | — |
|  |  |  | Fraud prevention services |  | 30 days |  | Contract |  | Yes |  |  | 1,234 |  |  |  | — |  |  |  | 1,234 |  |  |  | — |  |  |  | — |
Artikos Chile S.A. |  | Joint venture |  | IT support services |  | 30 days |  | Contract |  | Yes |  |  | 421 |  |  |  | — |  |  |  | 421 |  |  |  | — |  |  |  | 17 |
|  |  |  | IT services |  | 30 days |  |  |  | Yes |  |  | 340 |  |  |  | — |  |  |  | 340 |  |  |  | — |  |  |  | — |
DCV registros S.A |  | Associates |  | IT services |  | 30 days |  | Contract |  | Yes |  |  | 275 |  |  |  | — |  |  |  | 275 |  |  |  | — |  |  |  | — |
Soc operadora de la Cámara de Compensación |  | Associates |  | Collection services |  | 30 days |  | Contract |  | Yes |  |  | 588 |  |  |  | — |  |  |  | 588 |  |  |  | — |  |  |  | 56 |
Comder Contraparte Central S.A. |  | Associates |  | Securities clearing services |  | 30 days |  | Contract |  | Yes |  |  | 830 |  |  |  | — |  |  |  | 830 |  |  |  | — |  |  |  | 27,198 |
Bolsa Electrónica de Chile S.A. |  | Associates |  | Brokerage commission |  | 30 days |  | Contract |  | Yes |  |  | 153 |  |  |  | — |  |  |  | 153 |  |  |  | — |  |  |  | — |
Transbank S.A. |  | Associates |  | Processing fees |  | 30 days |  | Contract |  | Yes |  |  | 1,150 |  |  |  | — |  |  |  | 1,150 |  |  |  | — |  |  |  | 91 |
|  |  |  | Exchange commission |  | 30 days |  | Contract |  | Yes |  |  | 94,489 |  |  |  | 94,489 |  |  |  | — |  |  |  | 409 |  |  |  | — |
Centro de Compensación Automatizado S.A. |  | Associates |  | Transfer services |  | 30 days |  | Contract |  | Yes |  |  | 2,340 |  |  |  | — |  |  |  | 2,340 |  |  |  | — |  |  |  | 378 |
Citibank |  | Other related parties |  | Connectivity business commissions |  | Quarterly |  | Contract |  | Yes |  |  | 10,583 |  |  |  | 10,583 |  |  |  | — |  |  |  | 12,043 |  |  |  | — |
| (d) | Payments to the Board of Directors and to key personnel of the management of the Bank and its subsidiaries:
|  | 2022 |  |  | 2021 |
|  | MCh$ |  |  | MCh$ |
Directory: |  |  |  |  |  |
Payment of remuneration and attendance fees of the Board of Directors - Bank and its subsidiaries |  |  | 3,095 |  |  |  | 2,883 |
Key Personnel of the Management of the Bank and its Subsidiaries: |  |  |  |  |  |  |  |
Payment for benefits to short-term employees |  |  | 31,224 |  |  |  | 25,876 |
Payment for benefits to employees for termination of employment contract |  |  | 1,649 |  |  |  | 224 |
Subtotal |  |  | 32,873 |  |  |  | 26,100 |
Total |  |  | 35,968 |  |  |  | 28,983 |
| (e) | Composition of the Board of Directors and key personnel of the Management of the Bank and its subsidiaries:
|  | 2022 |  |  | 2021 |
|  | No. Executives |
Directory: |  |  | 19 |  |  |  | 18 |
Directors – Bank and its subsidiaries |  |  |  |  |  |  |  |
Key Personnel of the Management of the Bank and its Subsidiaries: |  |  |  |  |  |  |  |
CEO – Bank |  |  | 1 |  |  |  | 1 |
CEOs – Subsidiaries |  |  | 5 |  |  |  | 5 |
Division Managers / Area – Bank |  |  | 93 |  |  |  | 95 |
Division Managers / Area – Subsidiaries |  |  | 31 |  |  |  | 26 |
Subtotal |  |  | 130 |  |  |  | 127 |
Total |  |  | 149 |  |  |  | 145 |

X
- References No definition available. + Details
Name: | bch_RelatedPartyDisclosuresLineItems
Namespace Prefix: | bch_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for related parties. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 24 -IssueDate 2022-03-24 -Section Disclosures -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=24&code=ifrs-tx-2022-en-r&doctype=Standard&dita_xref=IAS24_g13-24__IAS24_g13-24_TI -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfRelatedPartyExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration