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Transactions with Related Parties (Tables)

12 Months Ended

Dec. 31, 2019

Transactions with Related Parties [Abstract]

Schedule of loans and accounts receivable as well as contingent loans that correspond to related entities

Below are loans and accounts receivable as well as contingent loans that correspond to related entities:

		As of December 31,
		2019																2018																2017
		Companies of the Group				Associated companies				Key personnel				Other				Companies of the Group				Associated companies				Key personnel				Other				Companies of the Group				Associated companies				Key personnel				Other
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$

Loans and accounts receivable:
Commercial loans			246,868				375				2,986				685				122,289				459				4,299				233				80,076				771				3,947				7,793
Mortgage loans			-				-				20,473				-				-				-				18,814				-				-				-				18,796				-
Consumer loans			-				-				5,781				-				-				-				5,335				-				-				-				4,310				-
Loans and accounts receivable:			246,868				375				29,240				685				122,289				459				28,448				233				80,076				771				27,053				7,793

Allowance for loan losses			(122	)			(182	)			(179	)			(10	)			(308	)			(9	)			(116	)			(5	)			(209	)			(9	)			(177	)			(18	)
Net loans			246,746				193				29,061				675				121,981				450				28,332				228				79,867				762				26,876				7,775

Guarantees			462,513				-				23,918				288				442,854				-				22,893				7,171				361,452				-				23,868				7,164

Contingent loans:
Personal guarantees			-				-				-				-				-				-				-				-				-				-				-				-
Letters of credit			4,112				-				-				63				5,392				-				2,060				44				19,251				-				-				33
Guarantees			464,691				-				-				-				445,064				-				3,364				-				377,578				-				-				-
Contingent loans:			468,803				-				-				63				450,456				-				5,424				44				396,829				-				-				33

Allowance for contingent loans			(835	)			-				-				-				(1	)			-				(18	)			-				(4	)			-				-				1

Net contingent loans			467,968				-				-				63				450,455				-				5,406				44				396,825				-				-				34

Schedule of loan activity to related parties

Loan activity to related parties during 2019, 2018 and 2017 is shown below:

		As of December 31,
		2019																2018																2017
		Companies of the Group				Associated companies				Key Personnel				Other				Companies of the Group				Associated companies				Key Personnel				Other				Companies of the Group				Associated companies				Key Personnel				Other
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$

Opening balances as of January 1,			572,745				459				33,871				7,899				476,906				771				27,051				7,826				546,058				532				26,423				7,100
Loans granted			193,798				167				4,826				500				200,657				39				16,574				773				78,214				318				7,777				1,050
Loans payments			(50,646	)			(251	)			(9,457	)			(7,651	)			(104,818	)			(351	)			(9,754	)			(700	)			(147,366	)			(79	)			(7,149	)			(324	)

Total			715,897				375				29,240				748				572,745				459				33,871				7,899				476,906				771				27,051				7,826

Schedule of assets and liabilities with related parties

Assets and liabilities with related parties

		As of December 31,
		2019																2018																2017
		Companies of the Group				Associated companies				Key personnel				Other				Companies of the Group				Associated companies				Key personnel				Other				Companies of the Group				Associated companies				Key personnel				Other
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$

Assets
Cash and deposits in banks			171,816				-				-				-				189,803				-				-				-				74,949				-				-				-
Trading investments			-				-				-				-				-				-				-				-				-				-				-				-
Obligations under repurchase agreements Loans			-				-				-				-				-				-				-				-				-				-				-				-
Financial derivative contracts			2,058,715				218,610				-				55				748,632				105,358				-				9				545,028				86,011				-				-
Available for sale investments			-				-				-				-				-				-				-				-				-				-				-				-
Other assets			185,317				210,579				-				-				38,960				51,842				-				-				8,480				118,136				-				-

Liabilities
Deposits and other demand liabilities			25,261				93,761				4,624				566				27,515				21,577				2,493				480				24,776				25,805				2,470				221
Obligations under repurchase agreements Loans			138,498				5,000				270				80				6,501				-				329				68				50,945				-				-				-
Time deposits and other time liabilities			1,183,235				282,171				4,246				2,204				2,585,337				-				3,189				838				785,988				27,968				3,703				3,504
Financial derivative contracts			2,159,660				288,013				-				3				770,624				112,523				-				-				418,647				142,750				-				7,190
Interbank borrowing			-				-				-				-				-				-				-				-				-				-				-				-
Issued debt instruments			363,154				-				-				-				335,443				-				-				-				482,626				-				-				-
Other financial liabilities			6,231				-				-				-				6,807				-				-				-				4,919				-				-				-
Other liabilities			8,130				146,164				-				-				60,884				89,817				-				-				164,303				58,168				-				-

Schedule of income (expense) recorded due to transactions with related parties

c)	Income (expense) recorded due to transactions with related parties

		For the years ended December 31,
		2019																2018																2017
		Companies of the Group				Associated Companies				Key personnel				Other				Companies of the Group				Associated companies				Key personnel				Other				Companies of the Group				Associated Companies				Key personnel				Other
		MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$				MCh$

Income (expense) recorded
Interest income and inflation-indexation adjustments			(41,181	)			(5,235	)			1,151				26				(53,256	)			(156	)			1,252				508				(43,892	)			-				1,051				-
Fee and commission income and expenses			28,274				14,499				232				28				91,178				7,826				305				22				72,273				15,404				224				1
Net income (expense) from financial operations and net foreign exchange gain (loss) (*)			(586,318	)			(84,236	)			-				-				(566,677	)			65,727				27				(12	)			363,108				(48,453	)			(3	)			19
Other operating income and expenses			406				(2,026	)			-				-				42				1,388				-				-				21,670				(1,454	)			-				-
Key personnel compensation and expenses			-				-				(37,377	)			-				-				-				(40,683	)			-				-				-				(43,037	)			-
Administrative and other expenses			(11,877	)			(47,757	)			-				-				(43,035	)			(50,764	)			-				-				(48,246	)			(47,220	)			-				-

Total			(610,696	)			(124,755	)			(35,994	)			54				(571,748	)			24,021				(39,099	)			518				364,913				(81,723	)			(41,765	)			20

(*) Primarily relates to derivative contracts used to financially cover exchange risk of assets and liabilities that cover positions of the Bank and its subsidiaries,

Schedule of payments to Board members and key management personnel

The compensation received by key management personnel, including Board members and all the executives holding manager positions shown in the "Personnel salaries and expenses" and/or "Administrative expenses" items of the Consolidated Statements of Income, corresponds to the following categories:

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

Personnel compensation			16,264				16,924				16,863
Board members' salaries and expenses			1,358				1,230				1,199
Bonuses or gratifications			16,104				16,243				16,057
Stock-based benefits			(315	)			(337	)			1,923
Seniority compensation			2,378				4,202				3,842
Pension plans			566				1,069				2,039
Training expenses			37				210				68
Health funds			273				284				273
Other personnel expenses			712				858				773
Total			37,377				40,683				43,037

(*)

Some of the executives that qualified for this benefit left the Group for different reasons, without complying with the requirements to receive the benefit, therefore the obligation amount decreased, which generated the reversal of provisions.

Schedule of composition of key personnel

As of December 31, 2019, 2018 and 2017, the composition of the Bank's key personnel is as follows:

		N° of executives
Position		As of December 31,
		2019				2018				2017

Director			10				11				11
Division manager			12				12				13
Manager			106				108				109

Total key personnel			128				131				133