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Cash and Cash Equivalents (Tables) | 12 Months Ended
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Dec. 31, 2019
Cash and cash equivalents [abstract] |
Schedule of cash and cash equivalents |
The detail of the balances included under cash and cash equivalents is as follows:
|  | As of December 31, |
|  | 2019 |  |  | 2018 |
|  | MCh$ |  |  | MCh$ |
Cash and deposits in banks |  |  |  |  |  |
Cash |  |  | 861,178 |  |  |  | 824,863 |
Deposits at the Central Bank of Chile |  |  | 1,731,079 |  |  |  | 953,016 |
Deposits in local banks |  |  | 948 |  |  |  | 664 |
Deposits in banks abroad |  |  | 961,315 |  |  |  | 286,898 |
Subtotals – Cash and deposits in banks |  |  | 3,554,520 |  |  |  | 2,065,411 |
Net cash items in process of collection |  |  | 156,814 |  |  |  | 190,714 |
Cash and cash equivalents |  |  | 3,711,334 |  |  |  | 2,256,155 |
Schedule of cash in process of collection and in process | Cash items in process of collection and in process of being cleared represent domestic transactions which have not been processed through the central domestic clearinghouse or international transactions which may be delayed in settlement due to timing differences. These transactions were as follows:
|  | As of December 31, |
|  | 2019 |  |  | 2018 |
|  | MCh$ |  |  | MCh$ |
Assets |  |  |  |  |  |  |  |
Documents held by other banks (documents to be cleared) |  |  | 217,394 |  |  |  | 210,546 |
Funds receivable |  |  | 137,668 |  |  |  | 143,211 |
Subtotal |  |  | 355,062 |  |  |  | 353,757 |
Liabilities |  |  |  |  |  |  |  |
Funds payable |  |  | 198,248 |  |  |  | 163,043 |
Subtotal |  |  | 198,248 |  |  |  | 163,043 |
Cash in process of collection, net |  |  | 156,814 |  |  |  | 190,714 |

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