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Cash and Cash Equivalents (Tables) | 12 Months Ended
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Dec. 31, 2022
Cash and Cash Equivalents [Abstract] |
Schedule of reconciliation of cash and cash equivalents to statement of cash flows |
|  | 2022 |  |  | 2021 |
|  | MCh$ |  |  | MCh$ |
Cash and due from banks: |  |  |  |  |  |
Cash (*) |  |  | 947,669 |  |  |  | 1,073,601 |
Deposit in Chilean Central Bank (*) |  |  | 384,230 |  |  |  | 1,545,472 |
Deposits in domestic banks |  |  | 116,541 |  |  |  | 129,858 |
Deposits in abroad banks |  |  | 1,316,444 |  |  |  | 964,803 |
Subtotal - Cash and due from banks |  |  | 2,764,884 |  |  |  | 3,713,734 |
Net transactions in the course of settlement (**) |  |  | 90,404 |  |  |  | 115,967 |
Others cash equivalents (***) |  |  | 296,840 |  |  |  | 165,423 |
Total cash and cash equivalents |  |  | 3,152,128 |  |  |  | 3,995,124 |
| (*) | The level of funds in cash and in the Central Bank of Chile responds to regulations on reserve requirements that the bank must maintain on average in monthly periods.
| (**) | Ongoing clearance operations correspond to transactions in which only the settlement remains that will increase or decrease the funds in the Central Bank of Chile or in foreign banks, normally within 12 or 24 business hours.
| (***) | Refers to financial instruments that meet the criteria to be considered as “cash equivalents” as defined by IAS 7, i.e., to qualify as “cash equivalents” investments in debt financial instruments must be: short-term with an original maturity of 90 days or less from the date of acquisition, highly liquid, readily convertible to known amounts of cash from the date of initial investment, and that the financial instruments are exposed to an insignificant risk of changes in their value.
Schedule of transactions in the course of collection |
|  | 2022 |  |  | 2021 |
|  | MCh$ |  |  | MCh$ |
Assets |  |  |  |  |  |
Documents drawn on other banks (clearing) |  |  | 94,675 |  |  |  | 123,051 |
Funds receivable |  |  | 677,521 |  |  |  | 203,395 |
Subtotal - assets |  |  | 772,196 |  |  |  | 326,446 |
Liabilities |  |  |  |  |  |  |  |
Funds payable |  |  | (681,792 | ) |  |  | (210,479 | )
Subtotal - liabilities |  |  | (681,792 | ) |  |  | (210,479 | )
Net transactions in the course of settlement |  |  | 90,404 |  |  |  | 115,967 |
| (*) | The level of funds in cash and in the Central Bank of Chile responds to regulations on reserve requirements that the bank must maintain on average in monthly periods.
| (**) | Ongoing clearance operations correspond to transactions in which only the settlement remains that will increase or decrease the funds in the Central Bank of Chile or in foreign banks, normally within 12 or 24 business hours.
| (***) | Refers to financial instruments that meet the criteria to be considered as “cash equivalents” as defined by IAS 7, i.e., to qualify as “cash equivalents” investments in debt financial instruments must be: short-term with an original maturity of 90 days or less from the date of acquisition, highly liquid, readily convertible to known amounts of cash from the date of initial investment, and that the financial instruments are exposed to an insignificant risk of changes in their value.

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