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CONSOLIDATED STATEMENTS OF CASH FLOWS - CLP ($)
$ in Millions
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
A - CASH FLOWS FROM OPERATING ACTIVITIES      
NET INCOME FOR THE YEAR $ 599,693 $ 575,249 $ 478,432
Adjustments for non-cash items included in net income (1,249,728) (1,198,330) (1,082,975)
Depreciation and amortization 79,280 77,823 65,359
Impairment of property, plant, and equipment 39 5,644 234
Provision for loan losses 405,889 385,782 420,381
Mark to market of trading investments 1,438 1,438 (2,682)
Income from investments in associates and other companies (5,095) (3,962) (3,012)
Net gain on sale of assets received in lieu of payment (7,106) (3,330) (1,663)
Provision on assets received in lieu of payment 816 3,912 9,246
Net gain on sale of property, plant and equipment (2,490) (23,229) (2,017)
Net interest income (1,414,368) (1,326,691) (1,281,366)
Net fee and commission income (290,885) (279,063) (254,424)
Other non-cash items (8,271) (29,903) 4,238
Changes in deferred taxes (25,517) (6,751) (37,269)
Increase/decrease in operating assets and liabilities 1,672,577 206,724 1,340,696
(Increase) of loans and accounts receivables from customers, net (2,703,700) (629,605) (1,643,744)
Decrease (increase) of financial investments 588,918 725,611 (1,417,211)
Decrease (increase) due to resale agreements (assets) 6,736 (4,273)
Decrease (increase) of interbank loans 147,534 110,036 (261,744)
Decrease of assets received or awarded in lieu of payment 722 4,125 18,238
Increase of debits in customers checking accounts 521,476 127,968 268,695
(Decrease) increase of time deposits and other time liabilities 1,153,874 (1,237,764) 968,942
Increase (decrease) of obligations with domestic banks (480) (364,956) 365,436
Increase (decrease) of other demand liabilities or time obligations 451,775 100,883 (85,502)
Increase of obligations with foreign banks 90,754 146,947 243,355
(Decrease) increase of obligations with Central Bank of Chile (5) (2) 3
(Decrease) increase of obligations under repurchase agreements (219,516) 55,624 68,748
Increase in other financial liabilities (26,630) 2,014 19,489
(Decrease) increase of other assets and liabilities (888,776) (158,281) 259,899
Redemption of letters of credit (8,989) (11,772) (16,606)
Senior bond issuances 1,156,057 911,581 3,537,855
Redemption of mortgage bonds and payments of interest (5,911) (5,736) (5,492)
Redemption of senior bonds and payments of interest (289,837) (1,167,656) (2,499,271)
Redemption of subordinated bonds and payments of interest (14,899) (12,128)
Interest received 2,244,317 2,058,446 2,137,044
Interest paid (829,949) (731,755) (855,678)
Dividends received from investments in other companies 38 116 217
Fees and commissions received 484,463 455,558 431,184
Fees and commissions paid (193,578) (176,495) (176,760)
Total cash flow (used in) provided by operating activities 1,022,522 (416,357) 736,153
B - CASH FLOWS FROM INVESTMENT ACTIVITIES:      
Purchases of property, plant, and equipment (68,329) (58,771) (62,355)
Sales of property, plant, and equipment 6,297 17,939 560
Purchases of investments in associates and other companies (3) (1,123)
Purchases of intangible assets (29,563) (32,624) (27,281)
Total cash flow .used in investment activities (91,565) (73,459) (90,199)
C - CASH FLOW FROM FINANCING ACTIVITIES:      
From shareholders' financing activities (423,611) (330,645) (336,659)
Dividends paid (423,611) (330,645) (336,659)
Total cash flow used in financing activities (423,611) (330,645) (336,659)
D - NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS DURING THE YEAR 507,316 (820,460) 309,295
E - EFFECTS OF FOREIGN EXCHANGE RATE FLUCTUATIONS 114,498 (31,398) (150,266)
F - INITIAL BALANCE OF CASH AND CASH EQUIVALENTS 1,634,341 2,486,199 2,327,170
FINAL BALANCE OF CASH AND CASH EQUIVALENTS 2,256,155 1,634,341 2,486,199
Provision for loan losses for cash flow purposes 405,889 385,782 420,381
Recovery of loans previously charged off (88,481) (83,527) (78,298)
Provision for loan losses - net $ 317,408 $ 302,255 $ 342,083