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Loans and Accounts Receivable at Fair Value Through Other Comprehensive Income | 12 Months Ended
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Dec. 31, 2019
LoansAndAccountReceivableAtFairValueThroughOtherComprehensiveIncome [Abstract] |
LOANS AND ACCOUNTS RECEIVABLE AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | NOTE 10 LOANS AND ACCOUNTS RECEIVABLE AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME The Bank has decided to classify a portfolio at fair value through other comprehensive income (FVOCI) related to loans and account receivable with its major customer, when they request a credit operation which exceeds single client exposure under the Bank's credit risk policy. The risk committee approved the operation with the condition to sell a portion of the loan in the medium term, and meanwhile the Bank is looking for a buyer the portion is classified into this category. Additionally, the Bank includes operations which are expecting to sell or maintain, depending if market conditions are favorable, these loans are classified into this category according to management business model. This portfolio is initially measured at amortised cost and afterward is adjusted at fair value, recognising the adjustment in other comprehensive income, while the Bank do not sell the loan. The portfolio is assessed for impairment loss under the new ECL model, same as loans at amortised cost. An analysis of changes in the gross carrying amount and the corresponding ECL allowance is, as of December 31, 2019 is as follows:
|  | Stage1 |  |  | Stage2 |  |  | Stage3 |  |  |  |
|  | Individual |  |  | Individual |  |  | Individual |  |  | TOTAL |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Gross carrying amount at January 1, 2019 |  |  | 63,745 |  |  |  | 4,949 |  |  |  | - |  |  |  | 68,694 |
Transfers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Transfers to stage 1 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 2 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 3 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Net changes on financial assets |  |  | 1,428 |  |  |  | (4,914 | ) |  |  | - |  |  |  | (3,486 | )
Write-off |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Foreign Exchange adjustments and others |  |  | 993 |  |  |  | (35 | ) |  |  | - |  |  |  | 958 |
At December 31, 2019 |  |  | 66,166 |  |  |  | - |  |  |  | - |  |  |  | 66,166 |
|  | Stage 1 |  |  | Stage 2 |  |  | Stage 3 |  |  |  |
|  | Individual |  |  | Individual |  |  | Individual |  |  | TOTAL |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |
ECL allowance at January 1, 2019 |  |  | 88 |  |  |  | 18 |  |  |  | - |  |  |  | 106 |
Transfers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Transfers to stage 1 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 2 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 3 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Net changes of the exposure and modifications in the credit risk |  |  | 65 |  |  |  | (18 | ) |  |  | - |  |  |  | 47 |
Write-off |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Foreign Exchange adjustments and others |  |  | (52 | ) |  |  | - |  |  |  | - |  |  |  | (52 | )
At December 31, 2019 |  |  | 101 |  |  |  | - |  |  |  | - |  |  |  | 101 |
An analysis of changes in the gross carrying amount and the corresponding ECL allowance is, as of December 31, 2018 is as follows:
|  | Stage1 |  |  | Stage2 |  |  | Stage3 |  |  |  |
|  | Individual |  |  | Individual |  |  | Individual |  |  | TOTAL |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Gross carrying amount at January 1, 2018 |  |  | 107,998 |  |  |  | - |  |  |  | - |  |  |  | 107,998 |
Transfers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Transfers to stage 1 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 2 |  |  | (6,697 | ) |  |  | 6,697 |  |  |  | - |  |  |  | - |
Transfers to stage 3 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Net changes on financial assets |  |  | (40,754 | ) |  |  | (1,821 | ) |  |  | - |  |  |  | (42,575 | )
Write-off |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Foreign Exchange adjustments and others |  |  | 3,198 |  |  |  | 73 |  |  |  | - |  |  |  | 3,271 |
At December 31, 2018 |  |  | 63,745 |  |  |  | 4,949 |  |  |  | - |  |  |  | 68,694 |
|  | Stage 1 |  |  | Stage 2 |  |  | Stage 3 |  |  |  |
|  | Individual |  |  | Individual |  |  | Individual |  |  | TOTAL |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |
ECL allowance at January 1, 2018 |  |  | 97 |  |  |  | - |  |  |  | - |  |  |  | 97 |
Transfers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Transfers to stage 1 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 2 |  |  | (17 | ) |  |  | 26 |  |  |  | - |  |  |  | 9 |
Transfers to stage 3 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Net changes of the exposure and modifications in the credit risk |  |  | 8 |  |  |  | (8 | ) |  |  | - |  |  |  | - |
Write-off |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Foreign Exchange adjustments and others |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
At December 31, 2018 |  |  | 88 |  |  |  | 18 |  |  |  | - |  |  |  | 106 |
|  | Stage 1 |  |  | Stage 2 |  |  | Stage 3 |  |  |  |
|  | Individual |  |  | Individual |  |  | Individual |  |  | TOTAL |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |
ECL allowance at January 1, 2019 |  |  | 88 |  |  |  | 18 |  |  |  | - |  |  |  | 106 |
Transfers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Transfers to stage 1 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 2 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 3 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Net changes of the exposure and modifications in the credit risk |  |  | 65 |  |  |  | (18 | ) |  |  | - |  |  |  | 47 |
Write-off |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Foreign Exchange adjustments and others |  |  | (52 | ) |  |  | - |  |  |  | - |  |  |  | (52 | )
At 31 December 2019 |  |  | 101 |  |  |  | - |  |  |  | - |  |  |  | 101 |

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