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Interbank Borrowings | 12 Months Ended
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Dec. 31, 2021
Disclosure of borrowings [text block] [Abstract] |
INTERBANK BORROWINGS | NOTE 18 INTERBANK BORROWINGS As of December 31, 2021 and 2020 the line item Interbank borrowings is as follows:
|  | As of December 31, |
|  | 2021 MCh$ |  |  | 2020 MCh$ |
Loans from financial institutions and the Central Bank of Chile |  |  | 5,611,439 |  |  |  | 4,959,260 |
Loans from domestic financial institutions |  |  | 1,226 |  |  |  | 217,102 |
Loans from foreign financial institutions |  |  |  |  |  |  |  |
Banco Santander España |  |  | 865,377 |  |  |  | 534,496 |
Bank of America |  |  | 411,775 |  |  |  | 90,711 |
Sumitomo Mitsui Banking Corporation |  |  | 389,676 |  |  |  | 35,628 |
Wells Fargo Bank NA |  |  | 363,854 |  |  |  | 71,259 |
Citibank NA |  |  | 259,620 |  |  |  | 46 |
The Bank of Nova Scotia |  |  | 203,466 |  |  |  | 171,024 |
The Toronto Dominion Bank |  |  | 136,904 |  |  |  | - |
The Bank of New York Mellon |  |  | 106,485 |  |  |  | 106,860 |
Barclays Bank plc London |  |  | 86,616 |  |  |  | - |
Commerzbank Ag |  |  | 69,323 |  |  |  | - |
State Bank of India |  |  | 60,901 |  |  |  | 36,013 |
HSBC Bank Plc |  |  | 51,895 |  |  |  | - |
Standard Chartered Bank |  |  | 51,616 |  |  |  | 3,207 |
The Bank of Montreal |  |  | 48,859 |  |  |  | - |
Wachovia Bank NA |  |  | 33,926 |  |  |  | 10,254 |
Banco Santander Singapur |  |  | 17,737 |  |  |  | - |
Dz Bank Ag Deutsche Zentral |  |  | 14,733 |  |  |  | - |
Bank of Communications |  |  | 8,443 |  |  |  | - |
Bank of China |  |  | 6,051 |  |  |  | 223 |
Banco Santander Hong Kong |  |  | 5,315 |  |  |  | 7,960 |
Banque Nationale De Paris |  |  | 2,806 |  |  |  | - |
Banco Santander Brasil |  |  | 2,415 |  |  |  | 1,694 |
Korea Exchange Bank |  |  | 1,545 |  |  |  | 760 |
Hong Kong and Shanghai Banking |  |  | 1,500 |  |  |  | 1,399 |
Shanghai Pudong Development Bank |  |  | 1,321 |  |  |  | - |
Banco Comercial Portugues |  |  | 989 |  |  |  | - |
Banca Commerciale Italiana |  |  | 932 |  |  |  | 88 |
Mizuho Bank |  |  | 725 |  |  |  | - |
Ningbo Commercial Bank |  |  | 556 |  |  |  | - |
Bank of Tokyo Mitsubishi |  |  | 552 |  |  |  | 2,055 |
Deutsche Bank AG |  |  | 530 |  |  |  | - |
HSBC Bank USA |  |  | 517 |  |  |  | - |
Kookmin Bank |  |  | 491 |  |  |  | 376 |
Banco Do Brasil |  |  | 467 |  |  |  | 265 |
Yapi Ve Kredi Bankasi |  |  | 417 |  |  |  | - |
Banco De Bogota |  |  | 345 |  |  |  | - |
Commerce Bank Na |  |  | 319 |  |  |  | - |
Icici Bank Limited |  |  | 305 |  |  |  | 52 |
BBVA Bancomer |  |  | 268 |  |  |  | - |
BBVA Uruguay |  |  | 238 |  |  |  | - |
Unicredit |  |  | 222 |  |  |  | - |
Bank of Baroda |  |  | 213 |  |  |  | 124 |
Industrial and Commercial Bank |  |  | 203 |  |  |  | 755 |
The Hongkong and Shanghai Bank |  |  | 202 |  |  |  | - |
Banca Nazionale Del Lavoro |  |  | 193 |  |  |  | - |
Bank of India |  |  | 181 |  |  |  | - |
Credit Agricole Reims |  |  | 171 |  |  |  | - |
Banco Santander Central Hispano |  |  | 170 |  |  |  | 141 |
Industrial Bank Of Korea |  |  | 169 |  |  |  | - |
Intesa Sanpaolo |  |  | 161 |  |  |  | - |
Banco De La Nacion Argentina |  |  | 159 |  |  |  | 30 |
Bank of East Asia |  |  | 143 |  |  |  | 29 |
Turkiye Cumhuriyeti Ziraat Ban |  |  | 141 |  |  |  | - |
First Union National Bank |  |  | 132 |  |  |  | 60 |
Banco Bilbao Vizcaya Argentaria |  |  | 125 |  |  |  | - |
Turkiye Is Bankasi |  |  | 122 |  |  |  | - |
Subtotal |  |  | 3,212,517 |  |  |  | 1,075,509 |
|  | As of December 31, |
|  | 2021 |  |  | 2020 |
|  | MCh$ |  |  | MCh$ |
Loans from foreign financial institutions, continued |  |  |  |  |  |
China Construction Bank |  |  | 119 |  |  |  | 38 |
Finans Bank |  |  | 109 |  |  |  | - |
Agricultural Bank of China |  |  | 104 |  |  |  | 18 |
Taiwan Cooperative Bank |  |  | 92 |  |  |  | 227 |
Nanjing City Commercial Bank |  |  | 89 |  |  |  | - |
Banco Itau Brasil |  |  | 84 |  |  |  | - |
Fortis Bank |  |  | 82 |  |  |  | 108 |
Canara Bank |  |  | 72 |  |  |  | 61 |
Indian Overseas Bank |  |  | 67 |  |  |  | 6 |
Credit Agricole Italia |  |  | 67 |  |  |  | 33 |
Shanghai Commercial and Saving |  |  | 61 |  |  |  | 1 |
Shinhan Bank |  |  | 59 |  |  |  | - |
Banco De Credito Del Peru |  |  | 58 |  |  |  | - |
Citic Industrial Bank |  |  | 57 |  |  |  | - |
E. Sun Commercial Bank |  |  | 57 |  |  |  | 11 |
Rabobank Nederland |  |  | 57 |  |  |  | - |
Hua Nan Commercial Bank |  |  | 54 |  |  |  | 200 |
Caixabank |  |  | 51 |  |  |  | 58 |
Iccrea Banca |  |  | 28 |  |  |  | - |
Turkiye Garanti Bankasi |  |  | 19 |  |  |  | - |
Bancolombia |  |  | 9 |  |  |  | - |
Banco Credicoop Cooperativo |  |  | 6 |  |  |  | - |
Bankers Trust USA |  |  | - |  |  |  | - |
Banca Monte Dei Paschi Di Siena |  |  | - |  |  |  | 163 |
Banco De La Republica Oriental |  |  | - |  |  |  | 74 |
Bank of East Asia, Limited |  |  | - |  |  |  | - |
Hdfc Bank Limited |  |  | - |  |  |  | 131 |
Kbc Bank Nv |  |  | - |  |  |  | 68 |
Keb Hana Bank |  |  | - |  |  |  | 156 |
Rabobank, Hong Kong Branch |  |  | - |  |  |  | 79 |
United Bank of India |  |  | - |  |  |  | 14 |
Woori Bank |  |  | - |  |  |  | 15 |
Caja Madrid - Caja de Ahorros |  |  | - |  |  |  | 862 |
Zurcher Kantonalbank |  |  | - |  |  |  | 71,304 |
Arab Bank plc |  |  | - |  |  |  | 41 |
Banco Bpm Spa |  |  | - |  |  |  | 84 |
Banco Interamericano de Finanzas |  |  | - |  |  |  | 20 |
Banco Popolare |  |  | - |  |  |  | 14 |
Banco Popular Español |  |  | - |  |  |  | 29 |
Bank Leumi Le Israel B.M. |  |  | - |  |  |  | 128 |
Bankinter |  |  | - |  |  |  | 31 |
Banque Bruxelles Lambert |  |  | - |  |  |  | 174 |
Bper Banca |  |  | - |  |  |  | 137 |
Caixa D’estalvis I Pensions de Barcelona |  |  | - |  |  |  | 87 |
China Merchants Bank |  |  | - |  |  |  | 231 |
Denizbank A.S. Istanbul |  |  | - |  |  |  | 15 |
Habib Bank Limited |  |  | - |  |  |  | 61 |
Habib Metropolitan Bank |  |  | - |  |  |  | 13 |
JP Morgan Chase |  |  | - |  |  |  | 1,571 |
Kotak Mahindra Bank Limited |  |  | - |  |  |  | 49 |
Nova Ljubljanska Banka |  |  | - |  |  |  | 7 |
U.S. Bank |  |  | - |  |  |  | 248 |
Unicredito Italiano |  |  | - |  |  |  | 161 |
Subtotal |  |  | 1,401 |  |  |  | 76,728 |
Total |  |  | 8,826,583 |  |  |  | 6,328,599 |
a) | Loans from the Chilean Central Bank
In response to the COVID-19 pandemic, the Chilean Central Bank established two credit lines for banks to reinforce their liquidity: The first line of credit was the Credit Facility Conditioned to Increase of Loans (FCIC), whose objective was for banks to continue financing households and companies’ loans. The FCIC1 amounted to US$24 billion for the whole banking system and has maturities of up to 4 years and must be secured by government bonds, corporate bonds or highly rated large commercial loans as collateral. The FCIC2 amounted to US$16 billion and was available only for banks who must previously had disbursed FCIC1. The FCIC3 was announced in January 2021 and amounted to US$10 billion. The second credit line was the Liquidity Credit line (LCL) and was an unsecured loan facility and had maturities of up to 2 years. In addition, the LCL was limited to the aggregate amount of the liquidity reserve requirements of each bank.
|  | As of December 31, |
|  | 2021 |  |  | 2020 |
|  | MCh$ |  |  | MCh$ |
Due within 1 year |  |  | - |  |  |  | - |
Due within 1 and 2 year |  |  | - |  |  |  | 1,104,759 |
Due within 2 and 3 year |  |  | 5,611,439 |  |  |  | - |
Due within 3 and 4 year |  |  | - |  |  |  | 3,854,501 |
Due after 5 years |  |  | - |  |  |  | - |
Total loans from Chilean Central Bank |  |  | 5,611,439 |  |  |  | 4,959,260 |
b) | Loans from domestic financial institutions
These obligations’ maturities are as follows:
|  | As of December 31, |
|  | 2021 |  |  | 2020 |
|  | MCh$ |  |  | MCh$ |
Due within 1 year |  |  | 1,226 |  |  |  | 217,102 |
Due within 1 and 2 year |  |  | - |  |  |  |  |
Due within 2 and 3 year |  |  | - |  |  |  | - |
Due within 3 and 4 year |  |  | - |  |  |  | - |
Due after 5 years |  |  | - |  |  |  | - |
Total loans from domestic financial institutions |  |  | 1,226 |  |  |  | 217,102 |
c) | Foreign obligations
|  | As of December 31, |
|  | 2021 |  |  | 2020 |
|  | MCh$ |  |  | MCh$ |
Due within 1 year |  |  | 3,213,918 |  |  |  | 1,116,570 |
Due within 1 and 2 year |  |  | - |  |  |  | 35,667 |
Due within 2 and 3 year |  |  | - |  |  |  | - |
Due within 3 and 4 year |  |  | - |  |  |  | - |
Due after 5 years |  |  | - |  |  |  | - |
Total loans from foreign financial institutions |  |  | 3,213,918 |  |  |  | 1,152,237 |

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