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Financial Assets Held for Trading at Fair Value through Profit or Loss | 12 Months Ended
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Dec. 31, 2022
Financial Assets Held for Trading at Fair Value through Profit or Loss Disclosure [Abstract] |
Financial Assets Held for Trading at Fair Value through Profit or Loss |
8. | Financial Assets Held for Trading at Fair Value through Profit or Loss:
The item detail is as follows:
|  | 2022 |  |  | 2021 |
|  | MCh$ |  |  | MCh$ |
Financial derivative contracts |  |  | 2,960,706 |  |  |  | 2,705,496 |
Debt Financial Instruments |  |  | 3,433,745 |  |  |  | 3,737,942 |
Other financial instruments |  |  | 257,325 |  |  |  | 138,753 |
Total |  |  | 6,651,776 |  |  |  | 6,582,191 |
| (a) | The Bank as of December 31, 2022 and 2021, maintains the following portfolio of derivative instruments:
|  | Notional amount of contract with final expiration date in |  |  |  |  |  |  |
|  | Demand |  |  | Up to 1 month |  |  | Over 1 month and up to 3 months |  |  | Over 3 months and up to 12 months |  |  | Over 1 year and up to 3 years |  |  | Over 3 year and up to 5 years |  |  | Over 5 years |  |  | Total |  |  | Fair Value Assets |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Currency forward |  |  | — |  |  |  | — |  |  |  | 3,709,915 |  |  |  | 3,576,287 |  |  |  | 2,877,266 |  |  |  | 2,684,713 |  |  |  | 3,331,247 |  |  |  | 4,847,747 |  |  |  | 523,024 |  |  |  | 782,755 |  |  |  | 45,610 |  |  |  | 70,262 |  |  |  | — |  |  |  | 18,758 |  |  |  | 10,487,062 |  |  |  | 11,980,522 |  |  |  | 566,050 |  |  |  | 742,545 |
Interest rate swap |  |  | — |  |  |  | — |  |  |  | 1,469,421 |  |  |  | 653,112 |  |  |  | 1,372,813 |  |  |  | 2,158,595 |  |  |  | 5,305,882 |  |  |  | 4,953,398 |  |  |  | 5,531,197 |  |  |  | 6,053,885 |  |  |  | 3,897,824 |  |  |  | 3,627,267 |  |  |  | 4,824,660 |  |  |  | 5,350,526 |  |  |  | 22,401,797 |  |  |  | 22,796,783 |  |  |  | 1,324,541 |  |  |  | 825,525 |
Interest rate and cross currency swap |  |  | — |  |  |  | — |  |  |  | 400,358 |  |  |  | 130,280 |  |  |  | 443,952 |  |  |  | 335,102 |  |  |  | 1,245,809 |  |  |  | 1,091,777 |  |  |  | 2,695,878 |  |  |  | 2,197,804 |  |  |  | 1,154,754 |  |  |  | 1,751,790 |  |  |  | 2,331,640 |  |  |  | 2,580,685 |  |  |  | 8,272,391 |  |  |  | 8,087,438 |  |  |  | 1,065,036 |  |  |  | 1,132,718 |
Call currency options |  |  | — |  |  |  | — |  |  |  | 15,504 |  |  |  | 12,853 |  |  |  | 44,966 |  |  |  | 31,914 |  |  |  | 32,090 |  |  |  | 28,495 |  |  |  | — |  |  |  | 2,631 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 92,560 |  |  |  | 75,893 |  |  |  | 2,321 |  |  |  | 4,509 |
Put currency options |  |  | — |  |  |  | — |  |  |  | 8,806 |  |  |  | 6,495 |  |  |  | 16,598 |  |  |  | 8,191 |  |  |  | 22,449 |  |  |  | 16,392 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 47,853 |  |  |  | 31,078 |  |  |  | 2,758 |  |  |  | 199 |
Total |  |  | — |  |  |  | — |  |  |  | 5,604,004 |  |  |  | 4,379,027 |  |  |  | 4,755,595 |  |  |  | 5,218,515 |  |  |  | 9,937,477 |  |  |  | 10,937,809 |  |  |  | 8,750,099 |  |  |  | 9,037,075 |  |  |  | 5,098,188 |  |  |  | 5,449,319 |  |  |  | 7,156,300 |  |  |  | 7,949,969 |  |  |  | 41,301,663 |  |  |  | 42,971,714 |  |  |  | 2,960,706 |  |  |  | 2,705,496 |
| b) | The detail of Debt Financial Instruments is the following:
|  | 2022 |  |  | 2021 |
|  | MCh$ |  |  | MCh$ |
Instruments issued by the Chilean Government and Central Bank of Chile |  |  |  |  |  |
Debt financial instruments from the Central Bank of Chile |  |  | 3,014,768 |  |  |  | 3,297,100 |
Bonds and Promissory notes from the General Treasury of the Republic |  |  | 44,524 |  |  |  | 175,022 |
Other instruments issued in Chile |  |  |  |  |  |  |  |
Debt financial instruments from other domestic banks |  |  | 374,453 |  |  |  | 265,820 |
Total |  |  | 3,433,745 |  |  |  | 3,737,942 |
Under “Instruments issued by the Chilean Government and Central Bank of Chile” are maintained instruments to comply with the requirements for the constitution of technical reserve for an amount equivalent to Ch$3,288,800 million as of December 31, 2021. Under “Other instruments issued in Chile” are included instruments sold under repurchase agreements to clients and financial institutions by an amount of Ch$208,330 million as of December 31, 2022 (Ch$84,969 million in December 2021). The repurchase agreements have an average maturity of 7 days at the end of the year 2022 (12 days in December 2021). Additionally, the Bank has investments in own-issued letters of credit for an amount equivalent to Ch$2,790 million as of December 31, 2022 (Ch$3,832 million in December 2021), which are presented as a reduction of the liability item “Instruments Issued Abroad”.
| c) | The detail of other financial instruments is as follows:
|  | 2022 |  |  | 2021 |
|  | MCh$ |  |  | MCh$ |
Mutual fund investments |  |  |  |  |  |
Funds managed by related companies |  |  | 250,337 |  |  |  | 125,145 |
Funds managed by third-party |  |  | — |  |  |  | — |
Equity instruments |  |  |  |  |  |  |  |
Domestic equity instruments |  |  | 2,357 |  |  |  | 3,062 |
Foreign equity instruments |  |  | 3,261 |  |  |  | — |
Loans originated and acquired by the entity |  |  |  |  |  |  |  |
Loans and advances to banks |  |  | — |  |  |  | — |
Commercial loans |  |  | — |  |  |  | — |
Residential mortgage loans |  |  | — |  |  |  | — |
Consumer loans |  |  | — |  |  |  | — |
Others |  |  | 1,370 |  |  |  | 10,546 |
Total |  |  | 257,325 |  |  |  | 138,753 |

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- Definition The disclosure of financial assets classified as held for trading. [Refer: Financial assets] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_10_e&doctype=Standard -URIDate 2022-03-24 + Details
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