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Net Income (Expense) From Financial Operations

12 Months Ended

Dec. 31, 2019

Net Income (Expense) from Financial Operations [Abstract]

NET INCOME (EXPENSE) FROM FINANCIAL OPERATIONS

NOTE 28

NET INCOME (EXPENSE) FROM FINANCIAL OPERATIONS

In accordance with the IFRS 9 and IFRS 7 disclosure, the detail of income (expense) from financial operations is as follows:

		For the years ended December 31,
		2019				2018
		MCh$				MCh$

Net gains on trading derivatives			(162,183	)			38,217
Net gains on financial assets at fair value through profit or loss			11,878				9,393
Net gains on derecognition of financial assets measured at amortised cost			63,672				8,479
Sale of loans and accounts receivables from customers
Current portfolio			63				(309	)
Charged-off portfolio			3,248				709
Repurchase of issued bonds (*)			3,265				(840	)
Other income (expense) from financial operations			1,892				(2,475	)
Total income (expense)			(78,165	)			53,174

(*) The Bank repurchased its own bonds, see Note 3 for details.

The disclosure for the year December 31, 2017, the detail of income (expense) from financial operations is as follows:

		For the years ended December 31,
		2017
		MCh$

Income (expense) from financial operations
Trading derivatives			(18,974	)
Trading investments			10,008
Sale of loans and accounts receivables from customers
Current portfolio			3,020
Charged-off portfolio			3,020
Available for sale investments			8,956
Repurchase of issued bonds			(742	)
Other income (expense) from financial operations			(2,492	)
Total income (expense)			2,796