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Expected Credit Losses (Tables) | 12 Months Ended
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Dec. 31, 2024
Expected Credit Losses [Abstract] |
Schedule of Composition of Expected Credit Loss | The composition is as follows:
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Expense of allowances established for credit risk |  |  | 421,210 |  |  |  | 321,829 |  |  |  | 418,416 |
Expense of provisions for contingent loans |  |  | (4,200 | ) |  |  | (53,875 | ) |  |  | 51,445 |
Recovery of written-off credits |  |  | (65,313 | ) |  |  | (63,256 | ) |  |  | (65,740 | )
Impairments for credit risk from financial assets at fair value through other comprehensive income |  |  | 1,009 |  |  |  | (2,754 | ) |  |  | 8,009 |
Total |  |  | 352,706 |  |  |  | 201,944 |  |  |  | 412,130 |
Schedule of Expense of Provisions Constituted for Credit Risk and Expected Credit Losses | Summary of the expense of provisions constituted for credit risk and expected credit losses:
|  | Expense of provisions constituted in the year |
|  | Evaluation |  |  |  |
As of December 31, 2024 |  | Individual |  |  | Group |  |  | Total |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Loans and advances to Banks |  |  |  |  |  |  |  |  |
Allowances established |  |  | 559 |  |  |  | — |  |  |  | 559 |
Allowances released |  |  | — |  |  |  | — |  |  |  | — |
Subtotal |  |  | 559 |  |  |  | — |  |  |  | 559 |
Commercial loans |  |  |  |  |  |  |  |  |  |  |  |
Allowances established |  |  | 25,039 |  |  |  | 66,749 |  |  |  | 91,788 |
Allowances released |  |  | — |  |  |  | — |  |  |  | — |
Subtotal |  |  | 25,039 |  |  |  | 66,749 |  |  |  | 91,788 |
Residential mortgage loans |  |  |  |  |  |  |  |  |  |  |  |
Allowances established |  |  | — |  |  |  | 4,976 |  |  |  | 4,976 |
Allowances released |  |  | — |  |  |  | — |  |  |  | — |
Subtotal |  |  | — |  |  |  | 4,976 |  |  |  | 4,976 |
Consumer loans |  |  |  |  |  |  |  |  |  |  |  |
Allowances established |  |  | — |  |  |  | 323,887 |  |  |  | 323,887 |
Allowances released |  |  | — |  |  |  | — |  |  |  | — |
Subtotal |  |  | — |  |  |  | 323,887 |  |  |  | 323,887 |
Expense of allowances established for credit risk |  |  | 25,598 |  |  |  | 395,612 |  |  |  | 421,210 |
Contingent loans |  |  |  |  |  |  |  |  |  |  |  |
Loans and advances to Banks |  |  |  |  |  |  |  |  |  |  | — |
Commercial loans |  |  |  |  |  |  |  |  |  |  | (5,258 | )
Consumer loans |  |  |  |  |  |  |  |  |  |  | 1,058 |
Expenses of provisions for contingent loans |  |  |  |  |  |  |  |  |  |  | (4,200 | )
Impairments for credit risk from financial assets at fair value through other comprehensive income |  |  |  |  |  |  |  |  |  |  | 1,009 |
Recovery of written-off credits |  |  |  |  |  |  |  |  |  |  |  |
Loans and advances to Banks |  |  |  |  |  |  |  |  |  |  | — |
Commercial loans |  |  |  |  |  |  |  |  |  |  | (19,752 | )
Residential mortgage loans |  |  |  |  |  |  |  |  |  |  | (6,941 | )
Consumer loans |  |  |  |  |  |  |  |  |  |  | (38,620 | )
Subtotal |  |  |  |  |  |  |  |  |  |  | (65,313 | )
Total Expected Credit Losses |  |  |  |  |  |  |  |  |  |  | 352,706 |
|  | Expense of provisions constituted in the year |
|  | Evaluation |  |  |  |
As of December 31, 2023 |  | Individual |  |  | Group |  |  | Total |
|  | 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 |  |  |  |
As of December 31, 2022 |  | Individual |  |  | Group |  |  | Total |
|  | 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 |

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