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Fees and Commissions (Tables)

12 Months Ended

Dec. 31, 2019

This item includes the amount of fees earned and paid during the year, except for those which are an integral part of the financial instrument's effective interest rate:

	For the years ended December 31,
	2019		2018		2017
	MCh$		MCh$		MCh$

Fee and commission income
Fees and commissions for lines of credits and overdrafts		10,315		6,624		7,413
Fees and commissions for guarantees and letters of credit		35,039		33,654		33,882
Fees and commissions for card services		225,702		218,903		201,791
Fees and commissions for management of accounts		35,949		33,865		31,901
Fees and commissions for collections and payments		33,355		40,077		44,312
Fees and commissions for intermediation and management of securities		10,154		10,147		10,090
Insurance brokerage fees		49,664		39,949		36,430
Office banking		13,655		15,921		15,669
Fees for other services rendered		47,331		45,633		43,123
Other fees earned		37,494		39,690		30,947
Total		498,658		484,463		455,558

	For the years ended December 31,
	2019			2018			2017
	MCh$			MCh$			MCh$

Fee and commission expense
Compensation for card operation		(171,513	)		(163,794	)		(149,809	)
Fees and commissions for securities transactions		(1,001	)		(936	)		(858	)
Office banking		(1,860	)		(4,096	)		(15,283	)
Other fees		(37,198	)		(24,752	)		(10,545	)
Total		(211,572	)		(193,578	)		(176,495	)

Net fees and commissions income		287,086			290,885			279,063

Schedule of income and expences

The income and expenses for the commissions of the business segments are presented below and the calendar for the recognition of income from ordinary activities is opened.

	Segments															Revenue recognition calendar for ordinary activities
As of December 31, 2019	Individuals and PYMEs			Companies and Institutions			Global Investment Banking			Others			Total			Transferred over time		Transferred at a point in time			Accrual model
	MCh$			MCh$			MCh$			MCh$			MCh$			MCh$		MCh$			MCh$

Commission income
Commissions for lines of credit and overdrafts		6,123			935			3,240			17			10,315			10,315		-			-
Commissions for guarantees and letters of credit		11,553			17,531			5,842			113			35,039			35,039		-			-
Commissions for card services		218,635			6,042			950			75			225,702			41,347		184,355			-
Commissions for account management		32,608			2,515			823			3			35,949			35,949		-			-
Commissions for collections, collections and payments		36,129			2,185			464			(5,423	)		33,355			-		12,854			20,501
Commissions for intermediation and management of values		3,219			245			8,301			(1,611	)		10,154			-		10,154			-
Remuneration for insurance commercialization		49,664			-			-			-			49,664			-		-			49,664
Office banking		9,280			3,782			606			(13	)		13,655			-		13,655			-
Other remuneration for services rendered		42,499			3,748			839			245			47,331			-		47,331			-
Other commissions earned		12,462			10,727			14,293			12			37,494			-		37,494			-
Total		422,172			47,710			35,358			(6,582	)		498,658			122,650		305,843			70,165

Commission expenses
Remuneration for card operation		(168,024	)		(3,475	)		(321	)		307			(171,513	)		-		(171,513	)		-
Commissions per transaction with securities		-			-			(33	)		(968	)		(1,001	)		-		(1,001	)		-
Office banking		(1,186	)		(389	)		(282	)		(3	)		(1,860	)		-		(1,860	)		-
Other commissions		(22,335	)		(5,134	)		(5,619	)		(4,110	)		(37,198	)		-		(37,198	)		-
Total		(191,545	)		(8,998	)		(6,255	)		(4,774	)		(211,572	)		-		(211,572	)		-
Total Net commission income and expenses		230,627			38,712			29,103			(11,356	)		287,086			122,650		94,271			70,165

The income and expenses for the commissions of the business segments are presented below and the calendar for the recognition of income from ordinary activities is opened.

	Segments															Revenue recognition calendar for ordinary activities
As of December 31, 2018	Individuals and PYMEs			Companies and Institutions			Global Investment Banking			Others			Total			Transferred over time		Transferred at a point in time			Accrual model
	MCh$			MCh$			MCh$			MCh$			MCh$			MCh$		MCh$			MCh$

Commission income
Commissions for lines of credit and overdrafts		5,901			271			453			(1	)		6,624			6,624		-			-
Commissions for guarantees and letters of credit		11,099			16,258			6,239			58			33,654			33,654		-			-
Commissions for card services		211,615			6,193			1,036			59			218,903			34,856		184,047			-
Commissions for account management		30,386			2,678			799			2			33,865			33,865		-			-
Commissions for collections, collections and payments		66,780			1,693			458			(28,854	)		40,077			-		15,719			24,358
Commissions for intermediation and management of values		4,050			134			7,221			(1,258	)		10,147			-		10,147			-
Remuneration for insurance commercialization		-			-			-			39,949			39,949			-		-			39,949
Office banking		11,420			3,893			608			-			15,921			-		15,921			-
Other remuneration for services rendered		40,901			3,833			819			80			45,633			-		45,633			-
Other commissions earned		6,908			9,743			23,320			(281	)		39,690			-		39,690			-
Total		389,060			44,696			40,953			9,754			484,463			108,999		311,157			64,307

Commission expenses
Remuneration for card operation		(159,817	)		(3,186	)		(134	)		(657	)		(163,794	)		-		(163,794	)		-
Commissions per transaction with securities		(169	)		(3	)		(419	)		(345	)		(936	)		-		(936	)		-
Office banking		(2,374	)		(985	)		(722	)		(15	)		(4,096	)		-		(4,096	)		-
Other commissions		(6,168	)		(3,776	)		(4,614	)		(10,194	)		(24,752	)		-		(24,752	)		-
Total		(168,528	)		(7,950	)		(5,889	)		(11,211	)		(193,578	)		-		(193,578	)		-
Total Net commission income and expenses		220,532			36,746			35,064			(1,457	)		290,885			108,999		117,579			64,307