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v3.19.1

INVESTMENTS IN ASSOCIATES AND OTHER COMPANIES (Tables) | 12 Months Ended
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Dec. 31, 2018
Investments In Associates And Other Companies |
Schedule of investments in associates and other companies |
| Investments in associates and other, are shown in the following table:
| Ownership interest As of December 31 |  | Investment value As of December 31, |  | Profit and loss As of December 31,
| 2018 % | 2017 % | 2016 % |  | 2018 MCh$ | 2017 MCh$ |  | 2018 MCh$ | 2017 MCh$ | 2016 MCh$
Company |  |  |  |  |  |  |  |  |  |
Redbanc S.A. | 33.43 | 33.43 | 33.43 |  | 2,822 | 2,537 |  | 285 | 353 | 373
Transbank S.A. | 25.00 | 25.00 | 25.00 |  | 17,651 | 14,534 |  | 3,118 | 2,024 | 1,302
Centro de Compensación Automatizado | 33.33 | 33.33 | 33.33 |  | 1,894 | 1,589 |  | 305 | 236 | 248
Sociedad Interbancaria de Depósito de Valores S.A. | 29.29 | 29.29 | 29.29 |  | 1,233 | 1,087 |  | 223 | 235 | 195
Cámara de Compensación de Alto Valor S.A. (1,2,3) | 15.00 | 15.00 | 14.93 |  | 945 | 909 |  | 58 | 66 | 98
Administrador Financiero del Transantiago S.A. | 20.00 | 20.00 | 20.00 |  | 3,680 | 3,098 |  | 582 | 317 | 230
Sociedad Nexus S.A. | 12.90 | 12.90 | 12.90 |  | 2,279 | 1,911 |  | 368 | 442 | 247
Servicios de Infraestructura de Mercado OTC S.A.(1&2) | 12.48 | 12.48 | 12.07 |  | 1,491 | 1,489 |  | 57 | 115 | 132
Subtotal |  |  |  |  | 31,995 | 27,154 |  | 4,996 | 3,788 | 2,825
Shares or rights in other companies (*) |  |  |  |  |  |  |  |  |  |
Bladex |  |  |  |  | - | 136 |  | 19 | 25 | 26
Stock Exchanges |  |  |  |  | - | 287 |  | 148 | 150 | 161
Others |  |  |  |  | 8 | 8 |  | (68) | - | -
Total |  |  |  |  | 32,003 | 27,585 |  | 5,095 | 3,963 | 3,012
| (1) | During 2016, Banco Penta ceded to Banco Santander a portion of its interest in the companies “Sociedad Operadora de la Cámara de Compensación de pagos de Alto Valor SA” and “ Servicios de Infraestructura de Mercado OTC S.A”, the Bank’s share in those companies increased to 14.84% and 11.93% respectively.
| (2) | During 2016, Banco Penta ceded to Banco Santander a portion of its interest in the companies “Sociedad Operadora de la Cámara de Compensación de pagos de Alto Valor SA” and “ Market infrastructure services OTC S.A”, the Bank’s share in those companies increased to 14.93% and 12.07% respectively.
| (3) | In February 2017, Banco Paris sold to Banco Santander a portion of its interest in the companies “Sociedad Operadora de la Cámara de Compensación de pagos de Alto Valor SA”, the Bank’s share increased to 15.00%.
Schedule of fair value of these equity investments | The fair value of these equity investments is as follows:
| December 31, 2018
| MCh$
Bladex | 329
Stock exchange | 154
Total | 483
Schedule of financial information of associates | Summary of financial information of associates as of and for the years ended December 31, 2018, 2017 and 2016:
As of December 31,
| 2018 |  | 2017 |  | 2016
|  |  |  | Net income |  |  |  |  | Net income |  |  |  |  | Net income
Assets | Liabilities | Equity | Assets | Liabilities | Equity |  | Assets | Liabilities | Equity
| MCh$ | MCh$ | MCh$ | MCh$ |  | MCh$ | MCh$ | MCh$ | MCh$ |  | MCh$ | MCh$ | MCh$ | MCh$
Centro de Compensación Automatizado S,A, | 7,073 | 1,480 | 4,677 | 916 |  | 6,871 | 2,174 | 3,989 | 708 |  | 5,508 | 1,523 | 3,241 | 744
Redbanc S,A, | 20,825 | 12,469 | 7,505 | 851 |  | 21,235 | 13,751 | 6,428 | 1,056 |  | 19,927 | 13,505 | 5,307 | 1,115
Transbank S,A, | 904,558 | 835,200 | 56,888 | 12,470 |  | 822,487 | 765,683 | 48,709 | 8,095 |  | 710,475 | 660,957 | 44,309 | 5,209
Sociedad Interbancaria de Depósito de Valores S,A, | 4,392 | 230 | 3,400 | 762 |  | 3,720 | 60 | 2,858 | 802 |  | 3,204 | 103 | 2,435 | 666
Sociedad Nexus S,A, | 35 | 18 | 14 | 3 |  | 32,669 | 18,888 | 10,354 | 3,427 |  | 30,038 | 19,229 | 8,898 | 1,911
Servicios de Infraestructura de Mercado OTC S,A, | 25,273 | 13,313 | 11,506 | 454 |  | 17,913 | 6,414 | 10,963 | 536 |  | 29,258 | 18,258 | 9,906 | 1,094
Administrador Financiero del Transantiago S,A, | 55,818 | 37,419 | 15,490 | 2,909 |  | 51,304 | 35,814 | 13,907 | 1,583 |  | 54,253 | 40,345 | 12,758 | 1,150
Cámara de Compensación de Alto Valor S,A, | 6,728 | 622 | 5,722 | 384 |  | 6,338 | 500 | 5,399 | 439 |  | 6,099 | 627 | 4,815 | 657
Total | 1,024,702 | 900,751 | 105,202 | 18,749 |  | 962,537 | 843,284 | 102,607 | 16,646 |  | 858,762 | 754,547 | 91,669 | 12,546
Schedule of investments in other companies | Activity with respect to investments in other companies during 2018, 2017 and 2016 is as follows:
| As of December 31,
| 2018 | 2017 |  | 2016
| MCh$ | MCh$ |  | MCh$
Opening balance as of January 1, | 27,585 | 23,780 |  | 20,309
Acquisition of investments (*) | - | 3 |  | 1,123
Sale of investments | - | - |  | -
Participation in income | 5,095 | 3,963 |  | 3,012
Dividends received | (38) | (116) |  | (217)
Other equity adjustments | (639) | (45) |  | (447)
Total | 32,003 | 27,585 |  | 23,780
(*) | See reference, part a) of this note.

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