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Derivative Financial Instruments for Hedging Purposes (Tables)

12 Months Ended

Dec. 31, 2022

Derivative Financial Instruments for Hedging Purposes [Abstract]

Schedule of bank's 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$
Derivatives held for fair value hedges
Currency forward			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Interest rate swap			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Interest rate swap and cross currency swap			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Call currency options			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Put currency options			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Subtotal			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Cash flow hedge derivatives
Currency forward			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Interest rate swap							—								—								—				—				—				—				—				—				—				—				—				—				—				—				—
Interest rate swap and cross currency swap			—				—				—				—				—				—				167,199				35,706				135,025				322,894				122,127				108,759				111,547				895,312				535,898				1,362,671				27,077				277,802
Call currency options			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Put currency options			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Subtotal			—				—				—				—				—				—				167,199				35,706				135,025				322,894				122,127				108,759				111,547				895,312				535,898				1,362,671				27,077				277,802
Total			—				—				—				—				—				—				167,199				35,706				135,025				322,894				122,127				108,759				111,547				895,312				535,898				1,362,671				27,077				277,802

		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 Liabilities
		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$
Derivatives held for fair value hedges
Currency forward			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Interest rate swap			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Interest rate swap and cross currency swap			—				—				—				—				—				—				—				1,788				—				—				—				—				—				—				—				1,788				—				608
Call currency options			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Put currency options			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Subtotal			—				—				—				—				—				—				—				1,788				—				—				—				—				—				—				—				1,788				—				608
Cash flow hedge derivatives
Currency forward			—				—				—				—				—				3,099				—				—				—				—				—				—				—				—				—				3,099				—				88
Interest rate swap			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Interest rate swap and cross currency swap			—				—				—				—				—				—				63,587				—				123,214				—				129,166				—				1,151,878				—				1,467,845				—				223,016				—
Call currency options			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Put currency options			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—
Subtotal			—				—				—				—				—				3,099				63,587				—				123,214				—				129,166				—				1,151,878				—				1,467,845				3,099				223,016				88
Total			—				—				—				—				—				3,099				63,587				1,788				123,214				—				129,166				—				1,151,878				—				1,467,845				4,887				223,016				696

Schedule of details of the hedged elements and hedge instruments under fair value hedges

		As of December 31,
		2022				2021
		MCh$				MCh$
Notional Amounts
Hedged element
Commercial loans			—				1,788
Corporate bonds			—				—
Hedge instrument
Cross currency swap			—				1,788
Interest rate swap			—				—

Schedule of cash flows of borrowings from banks and bonds issued abroad

		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 years and up to 5 years								Over 5 years								Total
		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$
Hedge element
Outflows:
Corporate Bond EUR			—				—				—				—				—				—				(1,533	)			(1,626	)			(45,839	)			(3,252	)			(1,646	)			(47,854	)			(52,347	)			(56,380	)			(101,365	)			(109,112	)
Corporate Bond HKD			—				—				—				—				—				—				(92,127	)			(15,897	)			(92,999	)			(105,828	)			(161,662	)			(91,271	)			(158,619	)			(309,896	)			(505,407	)			(522,892	)
Corporate Bond PEN			—				—				—				—				(3,172	)			(841	)			(3,172	)			(841	)			(12,689	)			(3,366	)			(12,689	)			(3,366	)			(163,094	)			(43,383	)			(194,816	)			(51,797	)
Corporate Bond CHF			—				—				(378	)			(64	)			—				—				(106,877	)			(958	)			(139,270	)			(249,008	)			(120,501	)			(764	)			—				(121,521	)			(367,026	)			(372,315	)
Corporate Bond USD			—				—				—				—				—				—				(14,520	)			(1,814	)			(29,039	)			(3,629	)			(22,684	)			(3,629	)			(526,617	)			(46,260	)			(592,860	)			(55,332	)
Obligation USD			—				—				—				—				—				—				(59,876	)			(427	)			—				(60,047	)			—				—				—				—				(59,876	)			(60,474	)
Corporate Bond JPY			—				—				—				—				(113	)			(130	)			(1,740	)			(39,208	)			(3,705	)			(4,249	)			(3,705	)			(4,249	)			(209,193	)			(242,020	)			(218,456	)			(289,856	)
Corporate Bond AUD			—				—				—				—				(1,138	)			(1,220	)			(4,487	)			(4,794	)			(11,254	)			(12,024	)			(11,252	)			(12,023	)			(242,281	)			(264,901	)			(270,412	)			(294,962	)
Corporate Bond NOK			—				—				—				—				—				—				(2,366	)			(2,646	)			(4,732	)			(5,292	)			(4,732	)			(5,292	)			(69,621	)			(80,515	)			(81,451	)			(93,745	)
Hedge instrument
Inflows:
Cross Currency Swap EUR			—				—				—				—				—				—				1,533				1,626				45,839				3,252				1,646				47,854				52,347				56,380				101,365				109,112
Cross Currency Swap HKD			—				—				—				—				—				—				92,127				15,897				92,999				105,828				161,662				91,271				158,619				309,896				505,407				522,892
Cross Currency Swap PEN			—				—				—				—				3,172				841				3,172				841				12,689				3,366				12,689				3,366				163,094				43,383				194,816				51,797
Cross Currency Swap CHF			—				—				378				64				—				—				106,877				958				139,270				249,008				120,501				764				—				121,521				367,026				372,315
Cross Currency Swap USD			—				—				—				—				—				—				14,520				1,814				29,039				3,629				22,684				3,629				526,617				46,260				592,860				55,332
Cross Currency Swap USD			—				—				—				—				—				—				59,876				427				—				60,047				—				—				—				—				59,876				60,474
Cross Currency Swap JPY			—				—				—				—				113				130				1,740				39,208				3,705				4,249				3,705				4,249				209,193				242,020				218,456				289,856
Cross Currency Swap AUD			—				—				—				—				1,138				1,220				4,487				4,794				11,254				12,024				11,252				12,023				242,281				264,901				270,412				294,962
Cross Currency Swap NOK			—				—				—				—				—				—				2,366				2,646				4,732				5,292				4,732				5,292				69,621				80,515				81,451				93,745
Net cash flows			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—

Schedule of cash flows of the underlying assets portfolio and the cash flow of the liability

		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 years and up to 5 years								Over 5 years								Total
		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$
Hedge element
Inflows:
Cash flows in CLF			—				—				1,437				537				1,742				4,031				268,092				59,853				327,478				370,886				309,408				144,432				1,389,012				968,900				2,297,169				1,548,639
Hedge instrument
Outflows:
Cross Currency Swap HKD			—				—				(193	)			(171	)			—				—				(76,545	)			(9,630	)			(91,880	)			(75,575	)			(135,953	)			(79,358	)			(113,472	)			(214,067	)			(418,043	)			(378,801	)
Cross Currency Swap PEN			—				—				—				—				(745	)			(51	)			(789	)			(52	)			(3,058	)			(207	)			(3,070	)			(206	)			(116,033	)			(33,974	)			(123,695	)			(34,490	)
Cross Currency Swap JPY			—				—				—				—				(387	)			(341	)			(4,358	)			(40,029	)			(9,503	)			(8,388	)			(9,490	)			(8,376	)			(281,160	)			(252,362	)			(304,898	)			(309,496	)
Cross Currency Swap USD			—				—				—				—				—				—				(74,623	)			(1,104	)			(21,023	)			(57,936	)			(21,052	)			(1,402	)			(526,067	)			(39,368	)			(642,765	)			(99,810	)
Cross Currency Swap CHF			—				—				(1,244	)			(366	)			—				—				(107,515	)			(5,281	)			(143,166	)			(220,166	)			(132,878	)			(4,387	)			—				(115,104	)			(384,803	)			(345,304	)
Cross Currency Swap EUR			—				—				—				—				—				—				(2,298	)			(2,028	)			(53,703	)			(4,070	)			(1,824	)			(46,165	)			(53,057	)			(47,638	)			(110,882	)			(99,901	)
Cross Currency Swap AUD			—				—				—				—				(610	)			(540	)			(1,211	)			(1,064	)			(3,636	)			(3,212	)			(3,634	)			(3,208	)			(221,509	)			(197,125	)			(230,600	)			(205,149	)
Cross Currency Swap NOK			—				—				—				—				—				—				(753	)			(665	)			(1,509	)			(1,332	)			(1,507	)			(1,330	)			(77,714	)			(69,262	)			(81,483	)			(72,589	)
Forward UF			—				—				—				—				—				(3,099	)			—				—				—				—				—				—				—				—				—				(3,099	)
Net cash flows			—				—				—				—				—				—				—				—				—				—				—				—				—				—				—				—

X

- Definition

Tabular disclosure for cash flows of the underlying assets portfolio and the cash flow of the liability part of the derivatives.

+ References

No definition available.

+ Details

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X

- References

No definition available.

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Namespace Prefix:	bch_
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X

- Definition

Tabular disclosure for maturity analysis for derivative financial assets held for managing liquidity risk.

+ References

No definition available.

+ Details

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X

- Definition

The disclosure of detailed information about hedged items. [Refer: Hedged items [member]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2022-03-24
-Paragraph 24B
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2022-en-r&anchor=para_24B&doctype=Standard
-URIDate 2022-03-24

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X

- Definition

The disclosure of information about the terms and conditions of hedging instruments and how they affect future cash flows. [Refer: Hedging instruments [member]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2022-03-24
-Paragraph 23A
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2022-en-r&anchor=para_23A&doctype=Standard
-URIDate 2022-03-24

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