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Investments in Other Companies

12 Months Ended

Dec. 31, 2023

Investments in Other Companies [Abstract]

12.	Investments in Other Companies:

(a)

This item includes investments in other companies for an amount of Ch$65,082 million and Ch$56,177 million as of December 31, 2023 and 2022, respectively, detailed as follows:

		% Ownership Interest				Assets
		2023		2022		2023		2022
Company	Shareholder	%		%		MCh$		MCh$
Associates
Transbank S.A.	Banco de Chile		26.16		26.16		36,084		29,015
Centro de Compensación Automatizado S.A.	Banco de Chile		33.33		33.33		4,862		5,172
Redbanc S.A.	Banco de Chile		38.13		38.13		4,783		4,400
Administrador Financiero del Transantiago S.A.	Banco de Chile		20.00		20.00		4,285		4,366
Sociedad Interbancaria de Depósitos de Valores S.A.	Banco de Chile		26.81		26.81		2,394		2,066
Sociedad Imerc OTC S.A.	Banco de Chile		12.33		12.33		1,803		1,662
Sociedad Operadora de la Cámara de Compensación de Pagos de Alto Valor S.A.	Banco de Chile		15.00		15.00		1,199		1,145
Subtotal Associates							55,410		47,826

Joint Venture
Servipag Ltda.	Banco de Chile		50.00		50.00		7,832		6,831
Artikos Chile S.A.	Banco de Chile		50.00		50.00		1,840		1,520
Subtotal							9,672		8,351
Total							65,082		56,177

(b)

The reconciliation between opening and ending balance of investments in other companies that are not consolidated in 2023, 2022 and 2021 is detailed as follows:

	2023			2022			2021
	MCh$			MCh$			MCh$
Balance as of January 1,		56,177			46,923			42,338
Capital increase		—			—			7,847
Participation in net income		13,409			13,031			1,793
Dividends received		(4,675	)		(3,622	)		(1,097	)
Non-current assets Nexus		—			—			(3,961	)
Other		171			(155	)		3
Balance as of December 31,		65,082			56,177			46,923

(c)

During the year ended as of December 31, 2023 and 2022 no impairment has incurred in these investments.

(d)

The total carrying amount of the Bank’s Associates and Joint Ventures as of December 31, 2023 and 2022 is explained as follows:

	Associates																					Joint Ventures
	Centro de Compensación			Sociedad Operadora de la Cámara de Compensación de Pagos de			Sociedad Interbancaria de Depósitos									Administrador Financiero del			Sociedad Imerc
December 2023	Automatizado S.A. MCh$			Alto Valor S.A. MCh$			de Valores S.A. MCh$			Redbanc S.A. MCh$			Transbank S.A. MCh$			Transantiago S.A. MCh$			OTC S.A. MCh$			Artikos S.A.			Servipag Ltda.

Current assets		6,380			841			104			11,054			1,362,961			66,716			21,042			3,768			84,569
Non-current assets		10,983			8,377			8,834			16,275			164,518			867			12,760			1,724			18,137
Total Assets		17,363			9,218			8,938			27,329			1,527,479			67,583			33,802			5,492			102,706

Current liabilities		3,034			899			525			11,625			1,355,563			47,242			18,768			1,898			82,503
Non-current liabilities		247			496			—			3,236			36,641			—			766			406			4,539
Total Liabilities		3,281			1,395			525			14,861			1,392,204			47,242			19,534			2,304			87,042
Equity		14,082			7,823			8,413			12,468			135,275			20,341			14,259			3,188			15,664
Minority interest		—			—			—			—			—			—			9			—			—
Total Liabilities and Equity		17,363			9,218			8,938			27,329			1,527,479			67,583			33,802			5,492			102,706

Operating income		8,973			5,116			14			58,576			969,393			4,818			9,355			5,571			43,709
Operating expenses		(2,812	)		(4,823	)		(50	)		(57,847	)		(821,426	)		(2,540	)		(8,667	)		(3,558	)		(39,366	)
Other income (expenses)		589			345			1,754			127			(113,486	)		2,287			743			137			1,503
Gain before tax		6,750			638			1,718			856			34,481			4,565			1,431			2,150			5,846
Income tax		(1,692	)		(66	)		—			(100	)		(7,667	)		(949	)		(430	)		(511	)		(1,444	)
Gain for the year		5,058			572			1,718			756			26,814			3,616			1,001			1,639			4,402

	Associates																					Joint Ventures
	Centro de Compensación			Sociedad Operadora de la Cámara de Compensación de Pagos de			Sociedad Interbancaria de Depósitos de									Administrador Financiero del			Sociedad Imerc
December 2022	Automatizado S.A. MCh$			Alto Valor S.A. MCh$			Valores S.A. MCh$			Redbanc S.A. MCh$			Transbank S.A. MCh$			Transantiago S.A. MCh$			OTC S.A. MCh$			Artikos S.A.			Servipag Ltda.

Current assets		8,954			6,646			81			14,459			1,359,640			59,946			31,105			2,540			76,085
Non-current assets		10,388			1,711			7,637			16,058			137,505			793			4,459			1,985			14,605
Total Assets		19,342			8,357			7,718			30,517			1,497,145			60,739			35,564			4,525			90,690

Current liabilities		3,986			1,004			463			17,595			1,385,956			40,113			20,672			1,326			73,923
Non-current liabilities		309			—			—			1,554			1,427			—			1,670			567			3,105
Total Liabilities		4,295			1,004			463			19,149			1,387,383			40,113			22,342			1,893			77,028
Equity		15,047			7,353			7,255			11,368			109,762			20,626			13,213			2,632			13,662
Minority interest		—			—			—			—			—			—			9			—			—
Total Liabilities and Equity		19,342			8,357			7,718			30,517			1,497,145			60,739			35,564			4,525			90,690

Operating income		7,516			4,550			17			51,851			969,177			4,468			8,882			5,559			40,403
Operating expenses		(2,612	)		(4,279	)		(49	)		(50,155	)		(835,126	)		(2,296	)		(8,412	)		(3,905	)		(36,347	)
Other income (expenses)		907			667			1,540			264			(103,854	)		2,339			877			69			525
Gain before tax		5,811			938			1,508			1,960			30,197			4,511			1,347			1,723			4,581
Income tax		(1,109	)		(8	)		—			(249	)		(3,952	)		(490	)		(473	)		(362	)		(849	)
Gain for the year		4,702			930			1,508			1,711			26,245			4,021			874			1,361			3,732