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Employee Benefits (Tables) | 12 Months Ended
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Dec. 31, 2023
Employee Benefits [Abstract] |
Schedule of Employee Benefits | As of December 31, 2023 and 2022, this item is composed as follows:
|  | 2023 |  |  | 2022 |
|  | MCh$ |  |  | MCh$ |
Short-term employee benefits |  |  | 144,455 |  |  |  | 128,580 |
Benefits to employees for contract termination |  |  | 9,677 |  |  |  | 10,735 |
Share-based employee benefits |  |  | — |  |  |  | — |
Total |  |  | 154,132 |  |  |  | 139,315 |
Schedule of Compliance Bonuses Provision | Compliance bonuses provision:
|  | 2023 |  |  | 2022 |
|  | MCh$ |  |  | MCh$ |
Balances as of January 1 |  |  | 73,204 |  |  |  | 53,069 |
Net provisions established |  |  | 58,135 |  |  |  | 66,818 |
Provisions used |  |  | (60,237 | ) |  |  | (46,683 | )
Total |  |  | 71,102 |  |  |  | 73,204 |
Schedule of Vacation Provision | Vacation provision:
|  | 2023 |  |  | 2022 |
|  | MCh$ |  |  | MCh$ |
Balances as of January 1 |  |  | 41,257 |  |  |  | 37,010 |
Net provisions established |  |  | 10,250 |  |  |  | 12,107 |
Provisions used |  |  | (8,250 | ) |  |  | (7,860 | )
Total |  |  | 43,257 |  |  |  | 41,257 |
Schedule of Other Benefits Provision | Other benefits provision:
|  | 2023 |  |  | 2022 |
|  | MCh$ |  |  | MCh$ |
Balances as of January 1 |  |  | 14,119 |  |  |  | 10,439 |
Net provisions established |  |  | 54,366 |  |  |  | 38,916 |
Provisions used |  |  | (38,389 | ) |  |  | (35,236 | )
Total |  |  | 30,096 |  |  |  | 14,119 |
Schedule of Provision for Employee Benefits | Changes of the provision for employee benefits due to the termination of the employment contract:
|  | 2023 |  |  | 2022 |
|  | MCh$ |  |  | MCh$ |
Present value of the obligations at the beginning of the period |  |  | 10,735 |  |  |  | 6,446 |
Increase in provision |  |  | 1,357 |  |  |  | 5,817 |
Benefit paid |  |  | (2,490 | ) |  |  | (1,658 | )
Effect of change in actuarial factors |  |  | 75 |  |  |  | 130 |
Total |  |  | 9,677 |  |  |  | 10,735 |
Schedule of Net Benefits Expenses | Net benefits expenses:
|  | 2023 |  |  | 2022 |
|  | MCh$ |  |  | MCh$ |
Increase in provisions |  |  | 881 |  |  |  | 5,554 |
Interest cost of benefits obligations |  |  | 476 |  |  |  | 263 |
Effect of change in actuarial factors |  |  | 75 |  |  |  | 130 |
Net benefit expenses |  |  | 1,432 |  |  |  | 5,947 |
Schedule of Severance Indemnity Obligations | The main assumptions used in the determination of severance indemnity obligations for the Bank’s plan are shown below:
|  | December 31, 2023 |  |  | December 31, 2022 |
|  | % |  |  | % |
Discount rate |  |  | 5.77 |  |  |  | 5.50 |
Salary increase rate |  |  | 5.60 |  |  |  | 4.80 |
Payment probability |  |  | 99.99 |  |  |  | 99.99 |

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- Definition The disclosure of defined benefit plans. [Refer: Defined benefit plans [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 19 -IssueDate 2023-01-01 -Paragraph 138 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=19&code=ifrs-tx-2023-en-r&anchor=para_138&doctype=Standard -URIDate 2023-03-23 + Details
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