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Financial Liabilities at Amortized Cost (Tables) | 12 Months Ended
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Dec. 31, 2023
Financial Liabilities at Amortized Cost [Abstract] |
Schedule of Financial Liabilities at Amortized Cost | The item detail is as follows:
|  | 2023 |  |  | 2022 |
|  | MCh$ |  |  | MCh$ |
Current accounts and other demand deposits |  |  | 13,670,793 |  |  |  | 13,592,155 |
Saving accounts and time deposits |  |  | 15,538,196 |  |  |  | 14,358,987 |
Obligations by repurchase agreements and securities lending |  |  | 157,173 |  |  |  | 216,264 |
Borrowings from financial institutions |  |  | 5,360,715 |  |  |  | 5,397,676 |
Debt financial instruments issued |  |  | 9,360,065 |  |  |  | 9,267,947 |
Other financial obligations |  |  | 339,305 |  |  |  | 344,030 |
Total |  |  | 44,426,247 |  |  |  | 43,177,059 |
Schedule of Current Accounts and Other Demand Deposits | As of December 31, 2023 and 2022, the composition of current accounts and other demand deposits is as follows:
|  | 2023 |  |  | 2022 |
|  | MCh$ |  |  | MCh$ |
Current accounts |  |  | 11,025,685 |  |  |  | 11,172,137 |
Other demand obligations |  |  | 1,573,962 |  |  |  | 1,375,631 |
Demand deposits accounts |  |  | 625,923 |  |  |  | 657,057 |
Other demand deposits |  |  | 445,223 |  |  |  | 387,330 |
Total |  |  | 13,670,793 |  |  |  | 13,592,155 |
Schedule of Composition Saving Accounts and Time Deposits | As of December 31, 2023 and 2022, the composition of saving accounts and time deposits is as follows:
|  | 2023 |  |  | 2022 |
|  | MCh$ |  |  | MCh$ |
Time deposits |  |  | 14,979,565 |  |  |  | 13,723,090 |
Term savings accounts |  |  | 355,725 |  |  |  | 407,745 |
Other term balances payable |  |  | 202,906 |  |  |  | 228,152 |
Total |  |  | 15,538,196 |  |  |  | 14,358,987 |
Schedule of Repurchase Agreements and Securities Lending | The Bank obtains financing by selling financial instruments and agreeing to repurchase them in the future, plus interest at a prefixed rate. As of December 31, 2023 and 2022, the repurchase agreements are the following:
|  | 2023 |  |  | 2022 |
|  | MCh$ |  |  | MCh$ |
Transaction with domestic banks |  |  |  |  |  |
Repurchase agreements with other banks |  |  | — |  |  |  | — |
Repurchase agreements with the Central Banks of Chile |  |  | — |  |  |  | — |
Obligations from securities lending |  |  | — |  |  |  | — |
Transaction with foreign banks |  |  |  |  |  |  |  |
Repurchase agreements with other banks |  |  | — |  |  |  | — |
Repurchase agreements with foreign Central Banks |  |  | — |  |  |  | — |
Obligations from securities lending |  |  | — |  |  |  | — |
Transaction with other domestic entities |  |  |  |  |  |  |  |
Repurchase agreements |  |  | 157,173 |  |  |  | 216,264 |
Obligations from securities lending |  |  | — |  |  |  | — |
Transaction with other foreign entities |  |  |  |  |  |  |  |
Repurchase agreements |  |  | — |  |  |  | — |
Obligations from securities lending |  |  | — |  |  |  | — |
Total |  |  | 157,173 |  |  |  | 216,264 |
Schedule of Borrowings from Financial Institutions | As of December 31, 2023 and 2022, borrowings from financial institutions are detailed as follows:
|  | 2023 |  |  | 2022 |
|  | MCh$ |  |  | MCh$ |
Domestic banks |  |  |  |  |  |
Banco Santander |  |  | — |  |  |  | 2,699 |
Subtotal domestic banks |  |  | — |  |  |  | 2,699 |
Foreign banks |  |  |  |  |  |  |  |
Foreign trade financing |  |  |  |  |  |  |  |
Bank of New York Mellon |  |  | 218,686 |  |  |  | 77,846 |
Bank of America |  |  | 142,113 |  |  |  | 80,509 |
Standard Chartered Bank |  |  | 119,794 |  |  |  | 81,828 |
Zurcher Kantonalbank |  |  | 92,704 |  |  |  | — |
HSBC Bank |  |  | 87,602 |  |  |  | 85,153 |
Citibank N.A. United State |  |  | 51,297 |  |  |  | 69,810 |
Caixabank S.A. |  |  | 48,918 |  |  |  | — |
Wells Fargo Bank |  |  | 42,117 |  |  |  | 231,311 |
Commerzbank AG |  |  | 40,766 |  |  |  | 348 |
Bank of Nova Scotia |  |  | — |  |  |  | 142,787 |
Industrial and Commercial Bank of China |  |  | — |  |  |  | 1,280 |
Others |  |  | 92 |  |  |  | — |
Borrowings and other obligations |  |  |  |  |  |  |  |
Wells Fargo Bank |  |  | 132,523 |  |  |  | 149,944 |
Citibank N.A. United State |  |  | 35,345 |  |  |  | 108,017 |
Commerzbank AG |  |  | 117 |  |  |  | 110 |
Standard Chartered Bank |  |  | — |  |  |  | 14,281 |
Deutsche Bank AG |  |  | — |  |  |  | 3,179 |
Others |  |  | 60 |  |  |  | 53 |
Subtotal foreign banks |  |  | 1,012,134 |  |  |  | 1,046,456 |
Chilean Central Bank (*) |  |  | 4,348,581 |  |  |  | 4,348,521 |
Total |  |  | 5,360,715 |  |  |  | 5,397,676 |
| (*) | Financing provided by the Chilean Central Bank to deliver liquidity to the economy and support the credit flow to households and companies, related to the Conditional Credit Facility to Increase Lending (FCIC by its Spanish initials).
Schedule of Composition of Debt Financial Instruments Issued | As of December 31, 2023 and 2022, the composition of debt financial instruments issued as follows:
|  | 2023 |  |  | 2022 |
|  | MCh$ |  |  | MCh$ |
Letters of credit |  |  |  |  |  |
Letters of credit for housing |  |  | 1,433 |  |  |  | 2,328 |
Letters of credit for general purposes |  |  | 11 |  |  |  | 49 |
Bonds |  |  |  |  |  |  |  |
Current Bonds |  |  | 9,358,621 |  |  |  | 9,265,570 |
Mortgage bonds |  |  | — |  |  |  | — |
Total |  |  | 9,360,065 |  |  |  | 9,267,947 |
Schedule of Short-Term Bonds | Short-term Current Bonds
Counterparty |  | Currency |  | Amount MCh$ |  |  | Annual interest rate % |  |  | Issued date |  | Maturity date
Wells Fargo Bank |  | USD |  |  | 39,449 |  |  |  | 5.65 |  |  | 03/30/2023 |  | 08/01/2023
Wells Fargo Bank |  | USD |  |  | 39,449 |  |  |  | 5.65 |  |  | 03/30/2023 |  | 07/28/2023
Wells Fargo Bank |  | USD |  |  | 40,385 |  |  |  | 5.60 |  |  | 04/03/2023 |  | 10/02/2023
Wells Fargo Bank |  | USD |  |  | 40,425 |  |  |  | 5.56 |  |  | 04/04/2023 |  | 09/01/2023
Wells Fargo Bank |  | USD |  |  | 42,041 |  |  |  | 5.85 |  |  | 08/01/2023 |  | 02/01/2024
Wells Fargo Bank |  | USD |  |  | 42,303 |  |  |  | 5.75 |  |  | 08/25/2023 |  | 11/27/2023
Wells Fargo Bank |  | USD |  |  | 42,302 |  |  |  | 5.85 |  |  | 08/25/2023 |  | 01/22/2024
Total |  |  |  |  | 286,354 |  |  |  |  |  |  |  |  |
Short-term Bonds
Counterparty |  | Currency |  | Amount MCh$ |  |  | Annual interest rate % |  |  | Issued date |  | Maturity date
Wells Fargo Bank |  | USD |  |  | 17,065 |  |  |  | 1.61 |  |  | 05/18/2022 |  | 08/16/2022
Wells Fargo Bank |  | USD |  |  | 41,944 |  |  |  | 1.61 |  |  | 05/19/2022 |  | 08/17/2022
Citibank N.A. |  | USD |  |  | 8,379 |  |  |  | 2.25 |  |  | 05/20/2022 |  | 11/21/2022
Citibank N.A. |  | USD |  |  | 5,028 |  |  |  | 1.60 |  |  | 05/20/2022 |  | 08/22/2022
Wells Fargo Bank |  | USD |  |  | 28,702 |  |  |  | 2.35 |  |  | 06/06/2022 |  | 12/06/2022
Citibank N.A. |  | USD |  |  | 1,652 |  |  |  | 2.25 |  |  | 06/09/2022 |  | 12/09/2022
Wells Fargo Bank |  | USD |  |  | 85,779 |  |  |  | 5.40 |  |  | 12/13/2022 |  | 06/12/2023
Wells Fargo Bank |  | USD |  |  | 26,700 |  |  |  | 5.00 |  |  | 12/19/2022 |  | 03/16/2023
Total |  |  |  |  | 215,249 |  |  |  |  |  |  |  |  |
Schedule of Long-Term Current Bonds | Long-Term Current Bonds
Serie |  | Currency |  | Amount MCh$ |  |  | Terms Years |  |  | Annual interest rate % |  |  | Issued date |  | Maturity date
BCHIGI0322 |  | UF |  |  | 143,510 |  |  |  | 12 |  |  |  | 2.61 |  |  | 01/06/2023 |  | 09/01/2035
BCHIDG1116 |  | CLP |  |  | 9,179 |  |  |  | 4 |  |  |  | 6.55 |  |  | 03/16/2023 |  | 05/01/2027
BCHIDG1116 |  | CLP |  |  | 10,604 |  |  |  | 4 |  |  |  | 6.55 |  |  | 03/23/2023 |  | 05/01/2027
BCHIGG1121 |  | UF |  |  | 23,889 |  |  |  | 12 |  |  |  | 2.50 |  |  | 04/11/2023 |  | 05/01/2035
BCHICG0815 |  | UF |  |  | 18,716 |  |  |  | 9 |  |  |  | 2.65 |  |  | 04/28/2023 |  | 08/01/2032
BCHIGB0322 |  | UF |  |  | 16,521 |  |  |  | 11 |  |  |  | 2.78 |  |  | 05/18/2023 |  | 09/01/2034
BCHICH1215 |  | UF |  |  | 10,939 |  |  |  | 9 |  |  |  | 2.96 |  |  | 06/02/2023 |  | 12/01/2032
BCHIGB0322 |  | UF |  |  | 7,747 |  |  |  | 11 |  |  |  | 2.78 |  |  | 06/06/2023 |  | 09/01/2034
BCHIBU0815 |  | UF |  |  | 10,346 |  |  |  | 6 |  |  |  | 3.39 |  |  | 06/08/2023 |  | 08/01/2029
BCHIBU0815 |  | UF |  |  | 18,200 |  |  |  | 6 |  |  |  | 3.39 |  |  | 06/09/2023 |  | 08/01/2029
BCHICE1215 |  | UF |  |  | 27,024 |  |  |  | 8 |  |  |  | 2.94 |  |  | 06/09/2023 |  | 12/01/2031
BCHIFW1121 |  | UF |  |  | 142,385 |  |  |  | 10 |  |  |  | 2.89 |  |  | 06/12/2023 |  | 05/01/2033
BCHIBU0815 |  | UF |  |  | 23,372 |  |  |  | 6 |  |  |  | 3.26 |  |  | 06/15/2023 |  | 08/01/2029
BCHIGB0322 |  | UF |  |  | 7,217 |  |  |  | 11 |  |  |  | 2.78 |  |  | 06/16/2023 |  | 09/01/2034
BCHICI0815 |  | UF |  |  | 5,658 |  |  |  | 10 |  |  |  | 3.04 |  |  | 08/01/2023 |  | 02/01/2033
BCHICI0815 |  | UF |  |  | 18,388 |  |  |  | 10 |  |  |  | 3.35 |  |  | 08/18/2023 |  | 02/01/2033
BCHICH1215 |  | UF |  |  | 8,919 |  |  |  | 9 |  |  |  | 3.34 |  |  | 08/24/2023 |  | 12/01/2032
BCHIBO0815 |  | UF |  |  | 22,243 |  |  |  | 4 |  |  |  | 3.61 |  |  | 08/25/2023 |  | 02/01/2028
BCHIBO0815 |  | UF |  |  | 48,392 |  |  |  | 4 |  |  |  | 3.61 |  |  | 08/29/2023 |  | 02/01/2028
BCHICE1215 |  | UF |  |  | 9,349 |  |  |  | 8 |  |  |  | 3.27 |  |  | 08/29/2023 |  | 12/01/2031
BCHIFB1021 |  | UF |  |  | 6,996 |  |  |  | 6 |  |  |  | 4.16 |  |  | 11/03/2023 |  | 04/01/2029
BCHIFB1021 |  | UF |  |  | 14,667 |  |  |  | 6 |  |  |  | 4.16 |  |  | 11/07/2023 |  | 04/01/2029
BCHIEY1021 |  | UF |  |  | 29,979 |  |  |  | 5 |  |  |  | 4.26 |  |  | 11/08/2023 |  | 04/01/2028
BCHIFB1021 |  | UF |  |  | 3,335 |  |  |  | 6 |  |  |  | 4.16 |  |  | 11/09/2023 |  | 04/01/2029
BCHICI0815 |  | UF |  |  | 23,720 |  |  |  | 9 |  |  |  | 3.90 |  |  | 11/14/2023 |  | 02/01/2033
BCHICH1215 |  | UF |  |  | 6,964 |  |  |  | 9 |  |  |  | 3.90 |  |  | 11/14/2023 |  | 12/01/2032
BCHIFB1021 |  | UF |  |  | 22,046 |  |  |  | 6 |  |  |  | 4.16 |  |  | 11/15/2023 |  | 04/01/2029
BCHICE1215 |  | UF |  |  | 3,572 |  |  |  | 8 |  |  |  | 3.64 |  |  | 11/22/2023 |  | 12/01/2031
BCHICE1215 |  | UF |  |  | 10,748 |  |  |  | 8 |  |  |  | 3.60 |  |  | 11/23/2023 |  | 12/01/2031
BCHIGH1221 |  | UF |  |  | 133,306 |  |  |  | 12 |  |  |  | 3.67 |  |  | 12/01/2023 |  | 06/01/2035
BCHICH1215 |  | UF |  |  | 14,144 |  |  |  | 9 |  |  |  | 3.55 |  |  | 12/05/2023 |  | 12/01/2032
BCHICG0815 |  | UF |  |  | 9,137 |  |  |  | 9 |  |  |  | 3.31 |  |  | 12/18/2023 |  | 08/01/2032
BCHICH1215 |  | UF |  |  | 9,113 |  |  |  | 9 |  |  |  | 3.21 |  |  | 12/20/2023 |  | 12/01/2032
Subtotal |  |  |  |  | 870,325 |  |  |  |  |  |  |  |  |  |  |  |  |
BOND MXN |  | MXN |  |  | 31,968 |  |  |  | 4 |  |  |  | TIE (28 days) + 0.85 |  |  | 06/01/2023 |  | 06/03/2027
BOND JPY |  | JPY |  |  | 35,833 |  |  |  | 2 |  |  |  | 0.75 |  |  | 06/08/2023 |  | 06/16/2025
Subtotal other currencies |  |  |  |  | 67,801 |  |  |  |  |  |  |  |  |  |  |  |  |
Total |  |  |  |  | 938,126 |  |  |  |  |  |  |  |  |  |  |  |  |
Long-Term Current Bonds
Serie |  | Currency |  | Amount MCh$ |  |  | Terms Years |  |  | Annual interest rate % |  |  | Issued date |  | Maturity date
BCHIBS0815 |  | UF |  |  | 15,707 |  |  |  | 14 |  |  |  | 3.00 |  |  | 01/05/2022 |  | 01/05/2036
BCHIBS0815 |  | UF |  |  | 15,719 |  |  |  | 14 |  |  |  | 3.06 |  |  | 01/20/2022 |  | 01/20/2036
BCHICF0815 |  | UF |  |  | 65,738 |  |  |  | 17 |  |  |  | 2.65 |  |  | 03/01/2022 |  | 03/01/2039
BCHICP0815 |  | UF |  |  | 65,883 |  |  |  | 19 |  |  |  | 2.80 |  |  | 03/01/2022 |  | 03/01/2041
BCHIBS0815 |  | UF |  |  | 32,583 |  |  |  | 14 |  |  |  | 2.60 |  |  | 03/17/2022 |  | 03/17/2036
BCHICQ1015 |  | UF |  |  | 69,443 |  |  |  | 19 |  |  |  | 3.20 |  |  | 11/02/2022 |  | 11/02/2041
BCHICN0815 |  | UF |  |  | 69,802 |  |  |  | 19 |  |  |  | 3.20 |  |  | 11/02/2022 |  | 11/02/2041
BCHICO1215 |  | UF |  |  | 70,178 |  |  |  | 19 |  |  |  | 3.20 |  |  | 11/02/2022 |  | 11/02/2041
BCHICK0815 |  | UF |  |  | 73,568 |  |  |  | 18 |  |  |  | 3.20 |  |  | 11/14/2022 |  | 11/14/2040
BCHICM1215 |  | UF |  |  | 18,618 |  |  |  | 18 |  |  |  | 3.20 |  |  | 11/18/2022 |  | 11/18/2040
BCHIDV1116 |  | UF |  |  | 9,305 |  |  |  | 11 |  |  |  | 4.40 |  |  | 11/21/2022 |  | 11/21/2033
BCHIDV1116 |  | UF |  |  | 37,271 |  |  |  | 11 |  |  |  | 4.40 |  |  | 11/22/2022 |  | 11/22/2033
BCHIBU0815 |  | UF |  |  | 20,003 |  |  |  | 14 |  |  |  | 3.00 |  |  | 12/02/2022 |  | 12/02/2036
BCHIDU0716 |  | UF |  |  | 36,536 |  |  |  | 11 |  |  |  | 4.40 |  |  | 12/02/2022 |  | 12/02/2033
BCHICM1215 |  | UF |  |  | 9,453 |  |  |  | 18 |  |  |  | 3.20 |  |  | 12/05/2022 |  | 12/05/2040
BCHICM1215 |  | UF |  |  | 46,318 |  |  |  | 18 |  |  |  | 3.20 |  |  | 12/07/2022 |  | 12/07/2040
BCHICL1015 |  | UF |  |  | 74,421 |  |  |  | 18 |  |  |  | 3.20 |  |  | 12/07/2022 |  | 12/07/2040
BCHIGJ0522 |  | UF |  |  | 141,320 |  |  |  | 13 |  |  |  | 2.70 |  |  | 12/07/2022 |  | 12/07/2035
BCHICJ1215 |  | UF |  |  | 25,912 |  |  |  | 18 |  |  |  | 3.20 |  |  | 12/12/2022 |  | 12/12/2040
BCHICJ1215 |  | UF |  |  | 48,099 |  |  |  | 18 |  |  |  | 3.20 |  |  | 12/13/2022 |  | 12/13/2040
BCHIGK1221 |  | UF |  |  | 143,020 |  |  |  | 14 |  |  |  | 2.70 |  |  | 12/22/2022 |  | 12/22/2036
Subtotal UF |  |  |  |  | 1,088,897 |  |  |  |  |  |  |  |  |  |  |  |  |
BOND PEN |  | PEN |  |  | 51,670 |  |  |  | 20 |  |  |  | 8.65 |  |  | 03/09/2022 |  | 03/09/2042
Subtotal other currencies |  |  |  |  | 51,670 |  |  |  |  |  |  |  |  |  |  |  |  |
Total |  |  |  |  | 1,140,567 |  |  |  |  |  |  |  |  |  |  |  |  |
Schedule of Other Financial Obligations | As of December 31, 2023 and 2022, the composition of other financial obligations as follows:
|  | 2023 |  |  | 2022 |
|  | MCh$ |  |  | MCh$ |
Other Chilean financial obligations |  |  | 339,281 |  |  |  | 343,927 |
Other financial obligations with the Public sector |  |  | 24 |  |  |  | 103 |
Total |  |  | 339,305 |  |  |  | 344,030 |

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