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EXPECTED CREDIT LOSSESS ALLOWANCE (Tables)
 12 Months Ended
Dec. 31, 2018
Expected Credit Lossess Allowance  
Schedule of expected credit losses

As of December 31, 2018, under the new credit risk model established by IFRS 9 the ECL allowance by stage recorded at income statements is as follows:

 

For the year ended December 31, 2018 Stage1 Stage2 Stage3 TOTAL
  Individual Collective Individual Collective Individual Collective
  MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Commercial loans 79 5,652 (2,891) (1,533) (96,131) (47,959) (142,782)
Mortgage loans - 5,583 - 5,161 - 3,375 14,119
Consumer loans - 1,861 - 192 - (191,304) (189,251)
Contingent loans (90) 1,214 11 (68) (225) (834) 9
Loans and account receivable at FVOCI 363 - 68 - - - 431
Debt at FVOCI - 66 - - - - 66
Total 353 14,376 (2,811) 3,752 (96,356) (236,722) (317,408)
  II. Provision for loan losses – under IAS 39

 

  Loans and accounts receivable from customers     Total
For the year ended December 31, 2017

Interbank

loans

Individual

Commercial

loans

Mortgage

loans

Consumer

loans

Contingent

loans

  Individual Group Group Group Individual Group
  MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Charged-off individually significant loans - (15,699) - - - - - (15,699)
Provisions established (307) (64,658) (148,681) (43,621) (252,038) (3,117) (4,224) (516,646)
Total provisions and charge-offs (307) (80,357) (148,681) (43,621) (252,038) (3,117) (4,224) (532,345)
Provisions released 3,970 55,925 20,491 11,427 46,089 7,001 1,660 146,563
Recovery of loans previously charged off  - 11,114 21,499 10,942 39,972 - - 83,527
Net charge to income 3,663 (13,318) (106,691) (21,252) (165,977) 3,884 (2,564) (302,255)

 

  Loans and accounts receivable from customers     Total
For the year ended December 31, 2016

Interbank

loans

Individual

Commercial

loans

Mortgage

loans

Consumer

loans

Contingent

loans

  Individual Group Group Group Individual Group
  MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$ MCh$
Charged-off individually significant loans - (11,222) - - - - - (11,222)
Provisions established (3,052) (61,002) (133,855) (50,892) (280,544) (11,986) (2,909) (544,240)
Total provisions and charge-offs (3,052) (72,224) (133,855) (50,892) (280,544) (11,986) (2,909) (555,462)
Provisions released 83 43,183 14,432 34,246 30,790 6,963 5,384 135,081
Recovery of loans previously charged off - 11,142 16,043 10,041 41,072 - - 78,298
Net charge to income (2,969) (17,899) (103,380) (6,605) (208,682) (5,023) 2,475 (342,083)
Schedule of significant loans

The detail of Charge-off of individually significant loans, is as follows:

 
    For the years ended December 31,
    2017   2016
    MCh$   MCh$
         
Charge-off of loans    51,978   47,605
Provision applied   (36,279)   (36,383)
Net charge offs of individually significant loans   15,699   11,222