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Contingencies and Commitments (Tables) | 12 Months Ended
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Dec. 31, 2019
Contingencies and Commitments [Abstract] |
Schedule of contractual obligations | The following table shows the Bank's contractual obligations to issue loans:
|  | As of December 31, |
|  | 2019 |  |  | 2018 |
|  | MCh$ |  |  | MCh$ |
Letters of credit issued |  |  | 140,572 |  |  |  | 223,420 |
Foreign letters of credit confirmed |  |  | 70,192 |  |  |  | 57,038 |
Performance guarantee |  |  | 1,929,894 |  |  |  | 1,954,205 |
Personal guarantees |  |  | 451,950 |  |  |  | 133,623 |
Total contingent liabilities |  |  | 2,592,608 |  |  |  | 2,368,286 |
Available on demand credit lines |  |  | 8,732,422 |  |  |  | 8,997,650 |
Other irrevocable credit commitments |  |  | 485,991 |  |  |  | 327,297 |
Total loan commitment |  |  | 9,218,413 |  |  |  | 9,324,947 |
Total |  |  | 11,811,021 |  |  |  | 11,693,233 |
Schedule of held securities | The Bank holds securities in the normal course of its business as follows:
|  | As of December 31, |
|  | 2019 |  |  | 2018 |
|  | MCh$ |  |  | MCh$ |
Third party operations |  |  |  |  |  |
Collections |  |  | 90,966 |  |  |  | 99,784 |
Transferred financial assets managed by the Bank |  |  | 21,507 |  |  |  | 26,262 |
Assets from third parties managed by the Bank and its affiliates |  |  | 1,592,845 |  |  |  | 1,630,431 |
Subtotal |  |  | 1,705,318 |  |  |  | 1,756,477 |
Custody of securities |  |  |  |  |  |  |  |
Securities held in custody |  |  | 9,731,894 |  |  |  | 11,160,488 |
Securities held in custody deposited in other entity |  |  | 1,206,541 |  |  |  | 861,405 |
Issued securities held in custody |  |  | 21,636,819 |  |  |  | 12,335,871 |
Subtotal |  |  | 32,575,254 |  |  |  | 24,357,764 |
Total |  |  | 34,280,572 |  |  |  | 26,114,241 |

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