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ISSUED DEBT INSTRUMENTS AND OTHER FINANCIAL LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 2018
Issued Debt Instruments And Other Financial Liabilities  
Schedule of composition of issued debt instruments and other financial liabilities

As of December 31, 2018 and 2017, composition of this item is as follows:

 

  As of December 31,
             2018   2017
            MCh$   MCh$
       
Other financial liabilities      
Obligations to public sector 32,449   59,470
Other domestic obligations 175,210   175,389
Foreign obligations 7,741   7,171
Subtotals 215,400   242,030
Issued debt instruments      
Mortgage finance bonds 25,490   34,479
Senior bonds 7,198,865   6,186,760
Mortgage bond 94,921   99,222
Subordinated bonds 795,957   773,192
Subtotals 8,115,233   7,093,653
       
Total 8,330,633  

7,335,683 
Schedule of debts classified

The Bank’s debts, both current and non-current, are summarized below:

 

  As of December 31, 2018
  Current Non-current Total
  MCh$ MCh$ MCh$
       
Mortgage finance bonds 6,830 18,660 25,490
Senior bonds 844,898 6,353,967 7,198,865
Mortgage bond 4,833 90,088 94,921
Subordinated bonds 1 795,956 795,957
Issued debt instruments 856,562 7,258,671 8,115,233
       
Other financial liabilities 205,871 9,529 215,400
       
Total 1,062,433 7,268,200 8,330,633

  

  As of December 31, 2017
  Current Non-current Total
  MCh$ MCh$ MCh$
       
Mortgage finance bonds 8,691 25,788 34,479
Senior bonds 337,166 5,849,594 6,186,760
Mortgage bond 4,541 94,681 99,222
Subordinated bonds 3 773,189 773,192
Issued debt instruments 350,401 6,743,252 7,093,653
       
Other financial liabilities 212,825 29,205 242,030
       
Total 563,226 6,772,457 7,335,683
Schedule of mortgage finance bonds

 

  As of December 31,
         2018        2017
        MCh$       MCh$
       
Due within 1 year 6,830   8,691
Due after 1 year but within 2 years 5,946   6,744
Due after 2 year but within 3 years 5,034   6,096
Due after 3 year but within 4 years 3,997   5,155
Due after 4 year but within 5 years 2,480   4,101
Due after 5 years 1,203   3,692
Total mortgage bonds 25,490   34,479
Schedule of senior bonds by currency

The following table shows senior bonds by currency:

 

  As of December 31,
                 2018            2017
                MCh$           MCh$
       
Santander bonds in UF 4,095,741   3,542,006
Santander bonds in USD 1,094,267   1,045,465
Santander bonds in CHF 386,979   268,281
Santander bonds in Ch$ 1,291,900   1,135,527
Santander bonds in AUD 24,954   14,534
Current bonds in  JPY 191,598   126,059
Santander bonds in EUR 113,426   54,888
Total senior bonds 7,198,865   6,186,760
Schedule of placement of senior bonds

In 2018, the Bank issued bonds for UF 23,000,000; CLP 225,000,000,000; USD 70,000,000; EUR 66,000,000; AUD 20,000,000; CHF 115,000,000 and JPY 7,000,000,000 detailed as follows:

 

Series Currency Amount Term Issuance rate

Series approval

date

 Series maximum amount Maturity date
T1 UF                        4,000,000 2,0 2.20% 01-02-2016                       7,000,000 01-02-2020
T4 UF                       4,000,000 3,0 2.35% 01-02-2016                       8,000,000 01-08-2021
T11 UF                        5,000,000 7,0 2.65% 01-02-2016                       5,000,000 01-02-2025
T12 UF                        5,000,000 7,0 2.70% 01-02-2016                       5,000,000 01-08-2025
T15 UF                        5,000,000 11,0 3.00% 01-02-2016                       5,000,000 01-08-2028
Total UF 23,000,000                30,000,000  
P5 CLP                75,000,000,000 4,0 5.30% 05-03-2015              150,000,000,000 01-03-2022
U4 CLP                75,000,000,000 3,4 ICP + 1.00% yearly 10-01-2017               75,000,000,000 10-01-2022
U3 CLP                75,000,000,000 2,7 ICP + 1.00% yearly 11-06-2018               75,000,000,000 11-06-2021
Total CLP 225,000,000,000       300,000,000,000  
DN USD 50,000,000 10,0 4.17% 10-10-2018 50,000,000 10-10-2028
DN USD 20,000,000 2,0 0,0369 16-11-2018 20,000,000 16-11-2020
Total USD 70,000,000       70,000,000  
EUR EUR                      26,000,000 7,0 1.00% yearly 04-05-2018                      26,000,000 28-05-2025
EUR EUR                      40,000,000 12,0 1.78% yearly 08-06-2018                      40,000,000 15-06-2030
Total EUR                      66,000,000                            66,000,000  
AUD AUD                      20,000,000 5,0 3.56% 13-11-2018                      20,000,000 13-11-2023
Total AUD                      20,000,000                            20,000,000  
CHF CHF                    115,000,000 5,3 0.441% 21-09-2018                    115,000,000 21-12-2023
Total CHF                    115,000,000                          115,000,000  
JPY JPY                  4,000,000,000 10,6 0.65% anual 13-07-2018                 4,000,000,000 13-01-2029
JPY JPY                  3,000,000,000 5 años 56% 30-10-2018                 3,000,000,000 30-10-2023
Total JPY                  7,000,000,000                       7,000,000,000  
Schedule of partial repurchase

During 2018, the Bank performed a partial repurchase of the following bonds:

 

Date Type Currency Amount
04-01-2018 Senior CLP                     12,890,000,000
04-01-2018 Senior CLP                       4,600,000,000
22-01-2018 Senior UF                                  24,000
05-04-2018 Senior UF                                 484,000  
06-04-2018 Senior UF                                184,000  
23-04-2018 Senior UF                               216,000  
24-04-2018 Senior UF                                   4,000  
25-04-2018 Senior UF                               262,000  
10-05-2018 Senior UF                              800,000  
07-06-2018 Senior USD                             3,090,000
11-12-2018 Senior USD                          250,000,000
Schedule of bank issued bonds

In 2017, the Bank issued bonds for UF 10,000,000; CLP 160,000,000,000; USD 770,000,000 and AUD 30,000,000; detailed as follows:

 

Series Currency Amount Term Issuance rate Series approval date Series maximum amount Maturity date
T9 UF 5,000,000 7 2.60% 01-02-2016 5,000,000 01-03-2024
T13 UF 5,000,000 9 2.75% 01-02-2016 5,000,000 01-03-2026
Total UF   10,000,000       10,000,000  
SD CLP 60,000,000,000 5 5.50% 01-06-2014 200,000,000,000 01-12-2019
T16 CLP 100,000,000,000 6 5.20% 01-02-2016 100,000,000,000 01-12-2021
Total CLP   160,000,000,000       300,000,000,000  
DN USD 100,000,000 3 Libor-USD 3M+0.80% 20-07-2017 100,000,000 27-07-2020
DN USD 50,000,000 3 Libor-USD 3M+0.80% 21-07-2017 50,000,000 27-07-2020
DN USD 50,000,000 3 Libor-USD 3M+0.80% 24-07-2017 50,000,000 27-07-2020
DN USD 10,000,000 4 Libor-USD 3M+0.80% 23-08-2017 10,000,000 23-11-2021
DN USD 10,000,000 4 Libor-USD 3M+0.83& 23-08-2017 10,000,000 23-11-2021
DN USD 50,000,000 3 Libor-USD 3M+0.83% 14-09-2017 50,000,000 15-09-2020
DN USD 500,000,000 3 Libor-USD 3M+0.75% 12-12-2017 500,000,000 15-12-2020
Total DN   770,000,000       770,000,000  
AUD AUD 30,000,000 10 3.96% 05-12-2017 30,000,000 12-12-2027
Total   30,000,000       30,000,000  
Schedule of bank performed a partial repurchase

During 2017, the Bank performed a partial repurchase of the following bond:

 

Date Type Currency Amount
06-03-2017 Senior USD 6,900,000
12-05-2017 Senior UF 1,000,000
16-05-2017 Senior UF 690,000
17-05-2017 Senior UF 15,000
26-06-2017 Senior UF 340,000
01-06-2017 Senior UF 590,000
02-06-2017 Senior UF 300,000
05-06-2017 Senior UF 130,000
19-06-2017 Senior UF 265,000
10-07-2017 Senior UF 770,000
21-07-2017 Senior UF 10,000
28-08-2017 Senior UF 200,000
28-08-2017 Senior UF 200,000
29-08-2017 Senior UF 2,000
29-08-2017 Senior UF 270,000
03-11-2017 Senior UF 14,000
29-11-2017 Senior UF 400,000
06-12-2017 Senior UF 20,000
12-12-2017 Senior CLP 10,990,000,000
Schedule of maturities of senior bonds

The maturities of senior bonds are as follows:

 

  As of December 31,
      2018         2017
    MCh$        MCh$
       
Due within 1 year 844,898   337,166
Due after 1 year but within 2 years 1,331,255   866,936
Due after 2 year but within 3 years 1,073,847   832,978
Due after 3 year but within 4 years 1,104,547   1,177,081
Due after 4 year but within 5 years 421,918   902,647
Due after 5 years 2,422,400   2,069,952
Total senior bonds 7,198,865   6,186,760
Schedule of mortgage bonds per currency

Detail of mortgage bonds per currency is as follows:

 

  As of December 31,
     2018        2017
      MCh$        MCh$
       
Mortgage bonds in UF 94,921   99,222
Total mortgage bonds 94,921   99,222
Schedule of maturities of mortgage bond

The maturities of Mortgage bonds are as follows:

 

  As of December 31,
         2018         2017
       MCh$        MCh$
       
Due within 1 year 4,833   4,541
Due after 1 year but within 2 years 7,758   7,291
Due after 2 year but within 3 years 8,008   7,526
Due after 3 year but within 4 years 8,267   7,769
Due after 4 year but within 5 years 8,534   8,019
Due after 5 years 57,521   64,076
Total Mortgage bonds 94,921   99,222
Schedule of subordinated bonds

Detail of the subordinated bonds per currency is as follows:

 

  As of December 31,
          2018        2017
        MCh$      MCh$
       
Subordinated bonds denominated in CLP 1   3
Subordinated bonds denominated in UF 795,956   773,189
Total subordinated bonds 795,957 773,192
Schedule of maturities of subordinated bonds

The maturities of subordinated bonds, are as follows:

 

  As of December 31,
          2018         2017
         MCh$       MCh$
       
Due within 1 year 1   3
Due after 1 year but within 2 years -   -
Due after 2 year but within 3 years -   -
Due after 3 year but within 4 years -   -
Due after 4 year but within 5 years -   -
Due after 5 years 795,956   773,189
Total subordinated bonds 795,957   773,192
Schedule of other financial liabilities

The composition of other financial obligations, by maturity, is detailed below:

 

  As of December 31,
           2018     2017
         MCh$     MCh$
       
Non-current portion:      
Due after 1 year but within 2 years 9,221   23,401
Due after 2 year but within 3 years 40   4,181
Due after 3 year but within 4 years 44   194
Due after 4 year but within 5 years 48   210
Due after 5 years 176   1,219
Non-current portion subtotal 9,529   29,205
       
Current portion:      
Amounts due to credit card operators 172,425   173,271
Acceptance of letters of credit 2,894   2,780
Other long-term financial obligations, short-term portion 30,552   36,774
Current portion subtotal 205,871   212,825
       
Total other financial liabilities 215,400    242,030