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Consolidated Statements of Income - CLP ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
OPERATING INCOME      
Interest income $ 2,321,381 $ 2,244,317 $ 2,058,446
Interest expense (904,417) (829,949) (731,755)
Net interest income 1,416,964 1,414,368 1,326,691
Fee and commission income 498,658 484,463 455,558
Fee and commission expense (211,572) (193,578) (176,495)
Net fee and commission income 287,086 290,885 279,063
Net income (expense) from financial operations (78,165) 53,174 2,796
Net foreign exchange gain 279,857 51,908 126,956
Other operating income 13,001 23,129 62,016
Net operating profit before provision for loan losses 1,918,743 1,833,464 1,797,522
Provision for loan losses (323,311) (317,408) (302,255)
NET OPERATING INCOME 1,595,432 1,516,056 1,495,267
Personnel salaries and expenses (410,157) (397,564) (396,967)
Administrative expenses (233,612) (245,089) (230,103)
Depreciation and amortization (106,092) (79,280) (77,823)
Impairment of property, plant, and equipment (2,726) (39) (5,644)
Other operating expenses (49,303) (32,342) (68,413)
Total operating expenses (801,890) (754,314) (778,950)
OPERATING INCOME 793,542 761,742 716,317
Income from investments in associates and other companies 1,146 1,324 1,144
Income from continuing operations before tax 794,688 763,066 717,461
Income tax expense (175,074) (167,144) (145,031)
Result of continuing operations 619,614 595,922 572,430
Result of discontinued operations 1,699 3,771 2,819
NET INCOME FOR THE YEAR 621,313 599,693 575,249
Attributable to:      
Shareholders of the Bank 619,091 595,333 562,801
Non-controlling interest $ 2,222 $ 4,360 $ 12,448
Earnings per share from continued operations attributable to shareholders of the Bank:      
Basic earnings $ 3.276 $ 3.139 $ 2.975
Diluted earnings 3.276 3.139 2.975
Earnings per share from discontinued operations attributable to shareholders of the Bank:      
Basic earnings 0.009 0.02 0.015
Diluted earnings 0.009 0.02 0.015
Earnings per share attributable to shareholders of the Bank :      
Basic earnings 3.285 3.159 2.987
Diluted earnings $ 3.285 $ 3.159 $ 2.987