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Equity (Tables)
 12 Months Ended
Dec. 31, 2019
EQUITY  
Schedule of activity shares

The activity with respect to shares during 2019, 2018 and 2017 was as follows:

 

   SHARES
As of December 31,		 
   2019   2018   2017 
             
Issued as of January 1   188,446,126,794    188,446,126,794    188,446,126,794 
Issuance of paid shares   -    -    - 
Issuance of outstanding shares   -    -    - 
Stock options exercised   -    -    - 
Issued as of December 31,   188,446,126,794    188,446,126,794    188,446,126,794 
Schedule of shareholder composition

As of December 31, 2019 the shareholder composition was as follows:

 

Corporate Name or Shareholder's Name  Shares   ADRs (*)   Total   % of
equity holding		 
                 
Santander Chile Holding S.A.   66,822,519,695    -    66,822,519,695    35.46 
Teatinos Siglo XXI Inversiones Limitada   59,770,481,573    -    59,770,481,573    31.72 
The Bank New York Mellon   -    24,822,041,271    24,822,041,271    13.17 
Banks on behalf of third parties   15,957,137,883    -    15,957,137,883    8.47 
Pension funds (AFP) on behalf of third parties   9,995,705,956    -    9,995,705,956    5.30 
Stock brokers on behalf of third parties   5,551,024,270    -    5,551,024,270    2.95 
Other minority holders   5,527,216,146    -    5,527,216,146    2.93 
Total   163,624,085,523    24,822,041,271    188,446,126,794    100.00 
(*)American Depository Receipts (ADR) are certificates issued by a U.S. commercial bank to be traded on the U.S. securities markets.

 

As of December 31, 2018 the shareholder composition was as follows:

 

Corporate Name or Shareholder's Name  Shares  ADRs (*)  Total  % of
equity holding
             
Santander Chile Holding S.A.   66,822,519,695    -    66,822,519,695    35.46 
Teatinos Siglo XXI Inversiones Limitada   59,770,481,573    -    59,770,481,573    31.72 
The Bank New York Mellon   -    26,486,000,071    26,486,000,071    14.05 
Banks on behalf of third parties   15,451,106,985    -    15,451,106,985    8.20 
Pension funds (AFP) on behalf of third parties   9,033,172,896    -    9,033,172,896    4.79 
Stock brokers on behalf of third parties   4,773,558,507    -    4,773,558,507    2.53 
Other minority holders   6,109,287,067    -    6,109,287,067    3.25 
Total   161,960,126,723    26,486,000,071    188,446,126,794    100.00 

 

(*)American Depository Receipts (ADR) are certificates issued by a U.S. commercial bank to be traded on the U.S. securities markets.

 

As of December 31, 2017 the shareholder composition was as follows:

 

Corporate Name or Shareholder's Name  Shares  ADRs (*)  Total 

% of

equity holding

             
Santander Chile Holding S.A.   66,822,519,695    -    66,822,519,695    35.46 
Teatinos Siglo XXI Inversiones Limitada   59,770,481,573    -    59,770,481,573    31.72 
The Bank New York Mellon   -    31,238,866,071    31,238,866,071    16.58 
Banks  on behalf of third parties   13,892,691,988    -    13,892,691,988    7.37 
Pension funds (AFP) on behalf of third parties   6,896,552,755    -    6,896,552,755    3.66 
Stock brokers on behalf of third parties   3,762,310,365    -    3,762,310,365    2.00 
Other minority holders   6,062,704,347    -    6,062,704,347    3.21 
Total   157,207,260,723    31,238,866,071    188,446,126,794    100.00 

 

(*)American Depository Receipts (ADR) are certificates issued by a U.S. commercial bank to be traded on the U.S. securities markets.
Schedule of basic and diluted earnings per share
As of December 31, 2019, 2018 and 2017 the basic and diluted earnings per share were as follows:

 

   As of December 31,
   2019  2018  2017
   MCh$  MCh$  MCh$
          
a) Basic earnings per share         
Total attributable to the shareholders of the Bank   619,091    595,333    562,801 
Weighted average number of outstanding shares   188,446,126,794    188,446,126,794    188,446,126,794 
Basic earnings per share (in Ch$)   3.285    3.159    2.986 
Basic earnings per share from continuing operations (in Ch$)   3.276    3.139    2.972 
Basic earnings per share from discontinued operations (in Ch$)   0.009    0.020    0.015 
                
b) Diluted earnings per share               
Total attributable to the shareholders of the Bank   619,091    595,333    562,801 
Weighted average number of outstanding shares   188,446,126,794    188,446,126,794    188,446,126,794 
Adjusted number of shares   188,446,126,794    188,446,126,794    188,446,126,794 
Diluted earnings per share (in Ch$)   3.285    3.159    2.987 
Diluted earnings per share from continuing operations (in Ch$)   3.276    3.139    2.972 
Diluted earnings per share from discontinued operations (in Ch$)   0.009    0.020    0.015 
Schedule of other comprehensive income from available for sale investments and cash flow hedges
Other comprehensive income from available for sale investments and cash flow hedges:

 

   For the years ended December 31,
   2019  2018  2017
   MCh$  MCh$  MCh$
          
Debt instruments at FVOCI         
As of January 1,   6,962    1,855    - 
Gain (losses) on the re-measurement of debt instruments at FVOCI, before tax   (17,775)   6,609    - 
Recycling from other comprehensive income to income for the year   39,997    (1,502)   - 
Available for sale investments               
As of January 1,   -    -    7,375 
Gain (losses) on the re-measurement of available for sale investments, before tax   -    -    (10,384)
Recycling from other comprehensive income to income for the year   -    -    4,864 
Subtotals   22,222    5,107    (5,520)
Total   29,184    6,962    1,855 
                
Cash flow hedges               
As of January 1,   9,803    (3,562)   2,288 
Gains (losses) on the re-measurement of cash flow hedges, before tax   (49,163)   14,048    (5,850)
Recycling adjustments on cash flow hedges, before tax   (1,075)   (683)   - 
Amounts removed from equity and included in carrying amount of non-financial asset (liability) which acquisition or incurrence was hedged as a highly probable transaction   -    -    - 
Subtotals   (50,238)   13,365    (5,850)
Total   (40,435)   9,803    (3,562)
                
Other comprehensive income, before taxes   (11,251)   16,765    (1,707)
                
Income tax related to other comprehensive income components               
Income tax relating to debt instruments at FVOCI   (7,756)   (1,810)   - 
Income tax relating to available for sale investments        -    (473)
Income tax relating to cash flow hedges   10,918    (2,646)   908 
Total   3,162    (4,456)   435 
                
Other comprehensive income, net of tax   (8,089)   12,309    (1,272)
Attributable to:               
Shareholders of the Bank   (8,856)   11,353    (2,312)
Non-controlling interest   767    956    1,040