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Right-of-Use Assets and Lease Liabilities

12 Months Ended

Dec. 31, 2023

Right-of-Use Assets and Lease Liabilities [Abstract]

Right-of-use assets and Lease liabilities

15.

Right-of-use assets and Lease liabilities:

(a)

The composition of the rights over leased assets as of December 31, 2023 and 2022 is as follows:

	Gross Balance				Accumulated Depreciation						Net Balance
	2023		2022		2023			2022			2023		2022
	MCh$		MCh$		MCh$			MCh$			MCh$		MCh$
Categories
Buildings		145,849		144,482		(75,361	)		(64,352	)		70,488		80,130
Floor space for ATMs		33,060		43,492		(2,669	)		(35,735	)		30,391		7,757
Improvements to leased properties		30,426		28,595		(22,416	)		(21,561	)		8,010		7,034
Total		209,335		216,569		(100,446	)		(121,648	)		108,889		94,921

(b)

The changes of the rights over leased assets as of December 31, 2023 and 2022 is as follows:

	2023
	Buildings			Floor space for ATMs			Improvements to leased properties			Total
	MCh$			MCh$			MCh$			MCh$

Gross Balance
Balance as of January 1, 2023		144,482			43,492			28,595			216,569
Additions		16,790			31,033			1,993			49,816
Write-downs		(14,935	)		(42,821	)		(162	)		(57,918	)
Remeasurement		(488	)		(392	)		—			(880	)
Other incremental		—			1,748			—			1,748
Total		145,849			33,060			30,426			209,335

Accumulated Depreciation
Balance as of January 1, 2023		(64,352	)		(35,735	)		(21,561	)		(121,648	)
Depreciation of the year (*)		(21,459	)		(9,736	)		(1,017	)		(32,212	)
Write-downs		10,450			42,802			162			53,414
Total		(75,361	)		(2,669	)		(22,416	)		(100,446	)

Balance as of December 31, 2023		70,488			30,391			8,010			108,889

(*)

See Note No.37 Depreciation and Amortization.

	2022
	Buildings			Floor space for ATMs			Improvements to leased properties			Total
	MCh$			MCh$			MCh$			MCh$

Gross Balance
Balance as of January 1, 2022		124,978			42,051			26,066			193,095
Additions		23,930			2,819			2,529			29,278
Write-downs		(4,296	)		(1,002	)		—			(5,298	)
Remeasurement		(130	)		(376	)		—			(506	)
Total		144,482			43,492			28,595			216,569

Accumulated Depreciation
Balance as of January 1, 2022		(46,743	)		(25,566	)		(20,598	)		(92,907	)
Depreciation of the year (*)		(19,636	)		(11,168	)		(963	)		(31,767	)
Write-downs		2,027			999			—			3,026
Total		(64,352	)		(35,735	)		(21,561	)		(121,648	)

Balance as of December 31, 2022		80,130			7,757			7,034			94,921

(*)

See Note No. 37 Depreciation and Amortization.

(c)

The future maturities (including unearned interest) of the lease liabilities as of December 31, 2023 and 2022:

	December 2023
			Up to		Over 1 month and up to		Over 3 months and up to		Over 1 year and up to		Over 3 years and up to		Over
	Demand MCh$		1 month MCh$		3 months MCh$		12 months MCh$		3 years MCh$		5 years MCh$		5 years MCh$		Total MCh$
Lease associated to:
Buildings		—		1,737		3,429		12,412		25,178		18,205		15,945		76,906
ATMs		—		641		1,275		5,538		13,932		11,449		15		32,850
Total		—		2,378		4,704		17,950		39,110		29,654		15,960		109,756

	December 2022
	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
	MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$		MCh$
Lease associated to:
Buildings		—		1,869		3,672		15,954		30,707		19,172		21,533		92,907
ATMs		—		1,098		2,176		4,684		1,138		206		79		9,381
Total		—		2,967		5,848		20,638		31,845		19,378		21,612		102,288

The Bank and its subsidiaries maintain contracts with certain renewal options and for which there is reasonable certainty that said option shall be carried out. In such cases, the lease period used to measure the liability and assets corresponds to an estimate of future renewals.

(d)

The changes of the obligations for lease liabilities and the flows for the years 2023 and 2022 are as follows:

	Total cash flow for the year
	MCh$
Lease liability
Balances as of January 1, 2022		95,670
Liabilities for new lease agreements		16,559
Interest accrued expenses		1,865
Payments of capital and interests		(32,375	)
Remeasurement		(506	)
Derecognized contracts		(2,020	)
Readjustments		10,176
Balances as of December 31, 2022		89,369
Liabilities for new lease agreements		43,931
Interest accrued expenses		1,980
Payments of capital and interests		(32,084	)
Remeasurement		(880	)
Derecognized contracts		(4,714	)
Readjustments		3,878
Balances as of December 31, 2023		101,480

(e)

The future cash flows related to short-term lease agreements in effect as of December 31, 2023 correspond to Ch$4,799 million (Ch$3,483 million as of December 31, 2022).

(f)

As of December 31, 2023, the minimum future rental income to be received from operating leases amounts to Ch$15,723 million (Ch$14,578 million as of December 31, 2022).