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v3.19.3.a.u2

Transactions with Related Parties (Tables) | 12 Months Ended
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Dec. 31, 2019
Transactions with Related Parties [Abstract] |
Schedule of loans and accounts receivable as well as contingent loans that correspond to related entities | Below are loans and accounts receivable as well as contingent loans that correspond to related entities:
|  | As of December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
|  | Companies of the Group |  |  | Associated companies |  |  | Key personnel |  |  | Other |  |  | Companies of the Group |  |  | Associated companies |  |  | Key personnel |  |  | Other |  |  | Companies of the Group |  |  | Associated companies |  |  | Key personnel |  |  | Other |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Loans and accounts receivable: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial loans |  |  | 246,868 |  |  |  | 375 |  |  |  | 2,986 |  |  |  | 685 |  |  |  | 122,289 |  |  |  | 459 |  |  |  | 4,299 |  |  |  | 233 |  |  |  | 80,076 |  |  |  | 771 |  |  |  | 3,947 |  |  |  | 7,793 |
Mortgage loans |  |  | - |  |  |  | - |  |  |  | 20,473 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 18,814 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 18,796 |  |  |  | - |
Consumer loans |  |  | - |  |  |  | - |  |  |  | 5,781 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 5,335 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4,310 |  |  |  | - |
Loans and accounts receivable: |  |  | 246,868 |  |  |  | 375 |  |  |  | 29,240 |  |  |  | 685 |  |  |  | 122,289 |  |  |  | 459 |  |  |  | 28,448 |  |  |  | 233 |  |  |  | 80,076 |  |  |  | 771 |  |  |  | 27,053 |  |  |  | 7,793 |
Allowance for loan losses |  |  | (122 | ) |  |  | (182 | ) |  |  | (179 | ) |  |  | (10 | ) |  |  | (308 | ) |  |  | (9 | ) |  |  | (116 | ) |  |  | (5 | ) |  |  | (209 | ) |  |  | (9 | ) |  |  | (177 | ) |  |  | (18 | )
Net loans |  |  | 246,746 |  |  |  | 193 |  |  |  | 29,061 |  |  |  | 675 |  |  |  | 121,981 |  |  |  | 450 |  |  |  | 28,332 |  |  |  | 228 |  |  |  | 79,867 |  |  |  | 762 |  |  |  | 26,876 |  |  |  | 7,775 |
Guarantees |  |  | 462,513 |  |  |  | - |  |  |  | 23,918 |  |  |  | 288 |  |  |  | 442,854 |  |  |  | - |  |  |  | 22,893 |  |  |  | 7,171 |  |  |  | 361,452 |  |  |  | - |  |  |  | 23,868 |  |  |  | 7,164 |
Contingent loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Personal guarantees |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Letters of credit |  |  | 4,112 |  |  |  | - |  |  |  | - |  |  |  | 63 |  |  |  | 5,392 |  |  |  | - |  |  |  | 2,060 |  |  |  | 44 |  |  |  | 19,251 |  |  |  | - |  |  |  | - |  |  |  | 33 |
Guarantees |  |  | 464,691 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 445,064 |  |  |  | - |  |  |  | 3,364 |  |  |  | - |  |  |  | 377,578 |  |  |  | - |  |  |  | - |  |  |  | - |
Contingent loans: |  |  | 468,803 |  |  |  | - |  |  |  | - |  |  |  | 63 |  |  |  | 450,456 |  |  |  | - |  |  |  | 5,424 |  |  |  | 44 |  |  |  | 396,829 |  |  |  | - |  |  |  | - |  |  |  | 33 |
Allowance for contingent loans |  |  | (835 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1 | ) |  |  | - |  |  |  | (18 | ) |  |  | - |  |  |  | (4 | ) |  |  | - |  |  |  | - |  |  |  | 1 |
Net contingent loans |  |  | 467,968 |  |  |  | - |  |  |  | - |  |  |  | 63 |  |  |  | 450,455 |  |  |  | - |  |  |  | 5,406 |  |  |  | 44 |  |  |  | 396,825 |  |  |  | - |  |  |  | - |  |  |  | 34 |
Schedule of loan activity to related parties | Loan activity to related parties during 2019, 2018 and 2017 is shown below:
|  | As of December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
|  | Companies of the Group |  |  | Associated companies |  |  | Key Personnel |  |  | Other |  |  | Companies of the Group |  |  | Associated companies |  |  | Key Personnel |  |  | Other |  |  | Companies of the Group |  |  | Associated companies |  |  | Key Personnel |  |  | Other |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Opening balances as of January 1, |  |  | 572,745 |  |  |  | 459 |  |  |  | 33,871 |  |  |  | 7,899 |  |  |  | 476,906 |  |  |  | 771 |  |  |  | 27,051 |  |  |  | 7,826 |  |  |  | 546,058 |  |  |  | 532 |  |  |  | 26,423 |  |  |  | 7,100 |
Loans granted |  |  | 193,798 |  |  |  | 167 |  |  |  | 4,826 |  |  |  | 500 |  |  |  | 200,657 |  |  |  | 39 |  |  |  | 16,574 |  |  |  | 773 |  |  |  | 78,214 |  |  |  | 318 |  |  |  | 7,777 |  |  |  | 1,050 |
Loans payments |  |  | (50,646 | ) |  |  | (251 | ) |  |  | (9,457 | ) |  |  | (7,651 | ) |  |  | (104,818 | ) |  |  | (351 | ) |  |  | (9,754 | ) |  |  | (700 | ) |  |  | (147,366 | ) |  |  | (79 | ) |  |  | (7,149 | ) |  |  | (324 | )
Total |  |  | 715,897 |  |  |  | 375 |  |  |  | 29,240 |  |  |  | 748 |  |  |  | 572,745 |  |  |  | 459 |  |  |  | 33,871 |  |  |  | 7,899 |  |  |  | 476,906 |  |  |  | 771 |  |  |  | 27,051 |  |  |  | 7,826
Schedule of assets and liabilities with related parties |
Assets and liabilities with related parties
|  | As of December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
|  | Companies of the Group |  |  | Associated companies |  |  | Key personnel |  |  | Other |  |  | Companies of the Group |  |  | Associated companies |  |  | Key personnel |  |  | Other |  |  | Companies of the Group |  |  | Associated companies |  |  | Key personnel |  |  | Other |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and deposits in banks |  |  | 171,816 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 189,803 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 74,949 |  |  |  | - |  |  |  | - |  |  |  | - |
Trading investments |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Obligations under repurchase agreements Loans |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Financial derivative contracts |  |  | 2,058,715 |  |  |  | 218,610 |  |  |  | - |  |  |  | 55 |  |  |  | 748,632 |  |  |  | 105,358 |  |  |  | - |  |  |  | 9 |  |  |  | 545,028 |  |  |  | 86,011 |  |  |  | - |  |  |  | - |
Available for sale investments |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Other assets |  |  | 185,317 |  |  |  | 210,579 |  |  |  | - |  |  |  | - |  |  |  | 38,960 |  |  |  | 51,842 |  |  |  | - |  |  |  | - |  |  |  | 8,480 |  |  |  | 118,136 |  |  |  | - |  |  |  | - |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits and other demand liabilities |  |  | 25,261 |  |  |  | 93,761 |  |  |  | 4,624 |  |  |  | 566 |  |  |  | 27,515 |  |  |  | 21,577 |  |  |  | 2,493 |  |  |  | 480 |  |  |  | 24,776 |  |  |  | 25,805 |  |  |  | 2,470 |  |  |  | 221 |
Obligations under repurchase agreements Loans |  |  | 138,498 |  |  |  | 5,000 |  |  |  | 270 |  |  |  | 80 |  |  |  | 6,501 |  |  |  | - |  |  |  | 329 |  |  |  | 68 |  |  |  | 50,945 |  |  |  | - |  |  |  | - |  |  |  | - |
Time deposits and other time liabilities |  |  | 1,183,235 |  |  |  | 282,171 |  |  |  | 4,246 |  |  |  | 2,204 |  |  |  | 2,585,337 |  |  |  | - |  |  |  | 3,189 |  |  |  | 838 |  |  |  | 785,988 |  |  |  | 27,968 |  |  |  | 3,703 |  |  |  | 3,504 |
Financial derivative contracts |  |  | 2,159,660 |  |  |  | 288,013 |  |  |  | - |  |  |  | 3 |  |  |  | 770,624 |  |  |  | 112,523 |  |  |  | - |  |  |  | - |  |  |  | 418,647 |  |  |  | 142,750 |  |  |  | - |  |  |  | 7,190 |
Interbank borrowing |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Issued debt instruments |  |  | 363,154 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 335,443 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 482,626 |  |  |  | - |  |  |  | - |  |  |  | - |
Other financial liabilities |  |  | 6,231 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 6,807 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4,919 |  |  |  | - |  |  |  | - |  |  |  | - |
Other liabilities |  |  | 8,130 |  |  |  | 146,164 |  |  |  | - |  |  |  | - |  |  |  | 60,884 |  |  |  | 89,817 |  |  |  | - |  |  |  | - |  |  |  | 164,303 |  |  |  | 58,168 |  |  |  | - |  |  |  | - |
Schedule of income (expense) recorded due to transactions with related parties |
c) | Income (expense) recorded due to transactions with related parties
|  | For the years ended December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
|  | Companies of the Group |  |  | Associated Companies |  |  | Key personnel |  |  | Other |  |  | Companies of the Group |  |  | Associated companies |  |  | Key personnel |  |  | Other |  |  | Companies of the Group |  |  | Associated Companies |  |  | Key personnel |  |  | Other |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Income (expense) recorded |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income and inflation-indexation adjustments |  |  | (41,181 | ) |  |  | (5,235 | ) |  |  | 1,151 |  |  |  | 26 |  |  |  | (53,256 | ) |  |  | (156 | ) |  |  | 1,252 |  |  |  | 508 |  |  |  | (43,892 | ) |  |  | - |  |  |  | 1,051 |  |  |  | - |
Fee and commission income and expenses |  |  | 28,274 |  |  |  | 14,499 |  |  |  | 232 |  |  |  | 28 |  |  |  | 91,178 |  |  |  | 7,826 |  |  |  | 305 |  |  |  | 22 |  |  |  | 72,273 |  |  |  | 15,404 |  |  |  | 224 |  |  |  | 1 |
Net income (expense) from financial operations and net foreign exchange gain (loss) (*) |  |  | (586,318 | ) |  |  | (84,236 | ) |  |  | - |  |  |  | - |  |  |  | (566,677 | ) |  |  | 65,727 |  |  |  | 27 |  |  |  | (12 | ) |  |  | 363,108 |  |  |  | (48,453 | ) |  |  | (3 | ) |  |  | 19 |
Other operating income and expenses |  |  | 406 |  |  |  | (2,026 | ) |  |  | - |  |  |  | - |  |  |  | 42 |  |  |  | 1,388 |  |  |  | - |  |  |  | - |  |  |  | 21,670 |  |  |  | (1,454 | ) |  |  | - |  |  |  | - |
Key personnel compensation and expenses |  |  | - |  |  |  | - |  |  |  | (37,377 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (40,683 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (43,037 | ) |  |  | - |
Administrative and other expenses |  |  | (11,877 | ) |  |  | (47,757 | ) |  |  | - |  |  |  | - |  |  |  | (43,035 | ) |  |  | (50,764 | ) |  |  | - |  |  |  | - |  |  |  | (48,246 | ) |  |  | (47,220 | ) |  |  | - |  |  |  | - |
Total |  |  | (610,696 | ) |  |  | (124,755 | ) |  |  | (35,994 | ) |  |  | 54 |  |  |  | (571,748 | ) |  |  | 24,021 |  |  |  | (39,099 | ) |  |  | 518 |  |  |  | 364,913 |  |  |  | (81,723 | ) |  |  | (41,765 | ) |  |  | 20 |
(*) Primarily relates to derivative contracts used to financially cover exchange risk of assets and liabilities that cover positions of the Bank and its subsidiaries,
Schedule of payments to Board members and key management personnel | The compensation received by key management personnel, including Board members and all the executives holding manager positions shown in the "Personnel salaries and expenses" and/or "Administrative expenses" items of the Consolidated Statements of Income, corresponds to the following categories:
|  | For the years ended December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Personnel compensation |  |  | 16,264 |  |  |  | 16,924 |  |  |  | 16,863 |
Board members' salaries and expenses |  |  | 1,358 |  |  |  | 1,230 |  |  |  | 1,199 |
Bonuses or gratifications |  |  | 16,104 |  |  |  | 16,243 |  |  |  | 16,057 |
Stock-based benefits |  |  | (315 | ) |  |  | (337 | ) |  |  | 1,923 |
Seniority compensation |  |  | 2,378 |  |  |  | 4,202 |  |  |  | 3,842 |
Pension plans |  |  | 566 |  |  |  | 1,069 |  |  |  | 2,039 |
Training expenses |  |  | 37 |  |  |  | 210 |  |  |  | 68 |
Health funds |  |  | 273 |  |  |  | 284 |  |  |  | 273 |
Other personnel expenses |  |  | 712 |  |  |  | 858 |  |  |  | 773 |
Total |  |  | 37,377 |  |  |  | 40,683 |  |  |  | 43,037 |
| (*) | Some of the executives that qualified for this benefit left the Group for different reasons, without complying with the requirements to receive the benefit, therefore the obligation amount decreased, which generated the reversal of provisions.
Schedule of composition of key personnel | As of December 31, 2019, 2018 and 2017, the composition of the Bank's key personnel is as follows:
|  | N° of executives |
Position |  | As of December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Director |  |  | 10 |  |  |  | 11 |  |  |  | 11 |
Division manager |  |  | 12 |  |  |  | 12 |  |  |  | 13 |
Manager |  |  | 106 |  |  |  | 108 |  |  |  | 109 |
Total key personnel |  |  | 128 |  |  |  | 131 |  |  |  | 133 |

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