XML 72 R46.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Expected Credit Losses | 12 Months Ended
--- | ---
Dec. 31, 2023
Expected Credit Losses [Abstract] |
Expected credit losses |
39. | Expected credit losses:
| (a) | The composition is as follows:
|  | 2023 |  |  | 2022 |  |  | 2021 |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Expense of allowances established for credit risk |  |  | 321,829 |  |  |  | 418,416 |  |  |  | 93,710 |
Expense of provisions for contingent loans |  |  | (53,875 | ) |  |  | 51,445 |  |  |  | (5,132 | )
Recovery of written-off credits |  |  | (63,256 | ) |  |  | (65,740 | ) |  |  | (70,407 | )
Impairments for credit risk from financial assets at fair value through other comprehensive income |  |  | (2,754 | ) |  |  | 8,009 |  |  |  | 1,001 |
Total |  |  | 201,944 |  |  |  | 412,130 |  |  |  | 19,172 |
| (b) | Summary of the expense of provisions constituted for credit risk and expected credit losses:
|  | Expense of provisions constituted in the year |
|  | Evaluation |  |  |  |
|  | Individual |  |  | Group |  |  | Total |
As of December 31, 2023 |  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Loans and advances to Banks |  |  |  |  |  |  |  |  |
Allowances established |  |  | — |  |  |  | — |  |  |  | — |
Allowances released |  |  | (270 | ) |  |  | — |  |  |  | (270 | )
Subtotal |  |  | (270 | ) |  |  | — |  |  |  | (270 | )
Commercial loans |  |  |  |  |  |  |  |  |  |  |  |
Allowances established |  |  | — |  |  |  | 65,734 |  |  |  | 65,734 |
Allowances released |  |  | (28,145 | ) |  |  | — |  |  |  | (28,145 | )
Subtotal |  |  | (28,145 | ) |  |  | 65,734 |  |  |  | 37,589 |
Residential mortgage loans |  |  |  |  |  |  |  |  |  |  |  |
Allowances established |  |  | — |  |  |  | (8,422 | ) |  |  | (8,422 | )
Allowances released |  |  | — |  |  |  | — |  |  |  | — |
Subtotal |  |  | — |  |  |  | (8,422 | ) |  |  | (8,422 | )
Consumer loans |  |  |  |  |  |  |  |  |  |  |  |
Allowances established |  |  | — |  |  |  | 292,932 |  |  |  | 292,932 |
Allowances released |  |  | — |  |  |  | — |  |  |  | — |
Subtotal |  |  | — |  |  |  | 292,932 |  |  |  | 292,932 |
Expense of allowances established for credit risk |  |  | (28,415 | ) |  |  | 350,244 |  |  |  | 321,829 |
Contingent loans |  |  |  |  |  |  |  |  |  |  |  |
Loans and advances to Banks |  |  |  |  |  |  |  |  |  |  | — |
Commercial loans |  |  |  |  |  |  |  |  |  |  | (15,670 | )
Consumer loans |  |  |  |  |  |  |  |  |  |  | (38,205 | )
Expenses of provisions for contingent loans |  |  |  |  |  |  |  |  |  |  | (53,875 | )
Impairments for credit risk from financial assets at fair value through other comprehensive income |  |  |  |  |  |  |  |  |  |  | (2,754 | )
Recovery of written-off credits |  |  |  |  |  |  |  |  |  |  |  |
Loans and advances to Banks |  |  |  |  |  |  |  |  |  |  | — |
Commercial loans |  |  |  |  |  |  |  |  |  |  | (19,660 | )
Residential mortgage loans |  |  |  |  |  |  |  |  |  |  | (11,716 | )
Consumer loans |  |  |  |  |  |  |  |  |  |  | (31,880 | )
Subtotal |  |  |  |  |  |  |  |  |  |  | (63,256 | )
Total Expected Credit Losses |  |  |  |  |  |  |  |  |  |  | 201,944 |
|  | Expense of provisions constituted in the year |
|  | Evaluation |  |  |  |
|  | Individual |  |  | Group |  |  | Total |
As of December 31, 2022 |  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Loans and advances to Banks |  |  |  |  |  |  |  |  |
Allowances established |  |  | 1,792 |  |  |  | — |  |  |  | 1,792 |
Allowances released |  |  | — |  |  |  | — |  |  |  | — |
Subtotal |  |  | 1,792 |  |  |  | — |  |  |  | 1,792 |
Commercial loans |  |  |  |  |  |  |  |  |  |  |  |
Allowances established |  |  | 23,542 |  |  |  | 67,256 |  |  |  | 90,798 |
Allowances released |  |  | — |  |  |  | — |  |  |  | — |
Subtotal |  |  | 23,542 |  |  |  | 67,256 |  |  |  | 90,798 |
Residential mortgage loans |  |  |  |  |  |  |  |  |  |  |  |
Allowances established |  |  | — |  |  |  | 22,706 |  |  |  | 22,706 |
Allowances released |  |  | — |  |  |  | — |  |  |  | — |
Subtotal |  |  | — |  |  |  | 22,706 |  |  |  | 22,706 |
Consumer loans |  |  |  |  |  |  |  |  |  |  |  |
Allowances established |  |  | — |  |  |  | 303,120 |  |  |  | 303,120 |
Allowances released |  |  | — |  |  |  | — |  |  |  | — |
Subtotal |  |  | — |  |  |  | 303,120 |  |  |  | 303,120 |
Expense of allowances established for credit risk |  |  | 25,334 |  |  |  | 393,082 |  |  |  | 418,416 |
Contingent loans |  |  |  |  |  |  |  |  |  |  |  |
Loans and advances to Banks |  |  |  |  |  |  |  |  |  |  | — |
Commercial loans |  |  |  |  |  |  |  |  |  |  | 30,645 |
Consumer loans |  |  |  |  |  |  |  |  |  |  | 20,800 |
Expenses of provisions for contingent loans |  |  |  |  |  |  |  |  |  |  | 51,445 |
Impairments for credit risk from financial assets at fair value through other comprehensive income |  |  |  |  |  |  |  |  |  |  | 8,009 |
Recovery of written-off credits |  |  |  |  |  |  |  |  |  |  |  |
Loans and advances to Banks |  |  |  |  |  |  |  |  |  |  | — |
Commercial loans |  |  |  |  |  |  |  |  |  |  | (26,554 | )
Residential mortgage loans |  |  |  |  |  |  |  |  |  |  | (10,481 | )
Consumer loans |  |  |  |  |  |  |  |  |  |  | (28,705 | )
Subtotal |  |  |  |  |  |  |  |  |  |  | (65,740 | )
Total Expected Credit Losses |  |  |  |  |  |  |  |  |  |  | 412,130 |
|  | Expense of provisions constituted in the year |
|  | Evaluation |  |  |  |
|  | Individual |  |  | Group |  |  | Total |
As of December 31, 2021 |  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Loans and advances to Banks |  |  |  |  |  |  |  |  |
Allowances established |  |  | — |  |  |  | — |  |  |  | — |
Allowances released |  |  | (377 | ) |  |  | — |  |  |  | (377 | )
Subtotal |  |  | (377 | ) |  |  | — |  |  |  | (377 | )
Commercial loans |  |  |  |  |  |  |  |  |  |  |  |
Allowances established |  |  | — |  |  |  | 50,433 |  |  |  | 50,433 |
Allowances released |  |  | (113,370 | ) |  |  | — |  |  |  | (113,370 | )
Subtotal |  |  | (113,370 | ) |  |  | 50,433 |  |  |  | (62,937 | )
Residential mortgage loans |  |  |  |  |  |  |  |  |  |  |  |
Allowances established |  |  | — |  |  |  | 15,046 |  |  |  | 15,046 |
Allowances released |  |  | — |  |  |  | — |  |  |  | — |
Subtotal |  |  | — |  |  |  | 15,046 |  |  |  | 15,046 |
Consumer loans |  |  |  |  |  |  |  |  |  |  |  |
Allowances established |  |  | — |  |  |  | 141,978 |  |  |  | 141,978 |
Allowances released |  |  | — |  |  |  | — |  |  |  | — |
Subtotal |  |  | — |  |  |  | 141,978 |  |  |  | 141,978 |
Expense of allowances established for credit risk |  |  | (113,747 | ) |  |  | 207,457 |  |  |  | 93,710 |
Contingent loans |  |  |  |  |  |  |  |  |  |  |  |
Loans and advances to Banks |  |  |  |  |  |  |  |  |  |  | — |
Commercial loans |  |  |  |  |  |  |  |  |  |  | 3,784 |
Consumer loans |  |  |  |  |  |  |  |  |  |  | (8,916 | )
Expenses of provisions for contingent loans |  |  |  |  |  |  |  |  |  |  | (5,132 | )
Impairments for credit risk from financial assets at fair value through other comprehensive income |  |  |  |  |  |  |  |  |  |  | 1,001 |
Recovery of written-off credits |  |  |  |  |  |  |  |  |  |  |  |
Loans and advances to Banks |  |  |  |  |  |  |  |  |  |  | — |
Commercial loans |  |  |  |  |  |  |  |  |  |  | (15,480 | )
Residential mortgage loans |  |  |  |  |  |  |  |  |  |  | (7,922 | )
Consumer loans |  |  |  |  |  |  |  |  |  |  | (47,005 | )
Subtotal |  |  |  |  |  |  |  |  |  |  | (70,407 | )
Total Expected Credit Losses |  |  |  |  |  |  |  |  |  |  | 19,172 |

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

X
- Definition The explanation of the credit risk management practices and how they relate to the recognition and measurement of expected credit losses. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 35F -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_35F&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_ExplanationOfCreditRiskManagementPracticesAndHowTheyRelateToRecognitionAndMeasurementOfExpectedCreditLossesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration