XML 39 R19.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Investments in Associates and Other Companies | 12 Months Ended
--- | ---
Dec. 31, 2021
Disclosure of interests in other entities [text block] [Abstract] |
INVESTMENTS IN ASSOCIATES AND OTHER COMPANIES | NOTE 12 INVESTMENTS IN ASSOCIATES AND OTHER COMPANIES
| a) | Investments in associates and other, are shown in the following table:
|  |  |  |  | Investment |
|  | Ownership interest As of December 31, |  |  | Carrying value As of December 31, |  |  | Profit and loss As of December 31, |
|  | 2021 % |  |  | 2020 % |  |  | 2019 % |  |  | 2021 MCh$ |  |  | 2020 MCh$ |  |  | 2019 MCh$ |  |  | 2021 MCh$ |  |  | 2020 MCh$ |  |  | 2019 MCh$ |
Redbanc S.A. (*) |  |  | 33.43 |  |  |  | - |  |  |  | - |  |  |  | 3,321 |  |  |  | - |  |  |  | - |  |  |  | 472 |  |  |  | - |  |  |  | - |
Transbank S.A. (*) |  |  | 25.00 |  |  |  | - |  |  |  | - |  |  |  | 21,288 |  |  |  | - |  |  |  | - |  |  |  | (3,046 | ) |  |  | - |  |  |  | - |
Centro de Compensación Automatizado S.A. |  |  | 33.33 |  |  |  | 33.33 |  |  |  | 33.33 |  |  |  | 3,664 |  |  |  | 2,788 |  |  |  | 2,184 |  |  |  | 876 |  |  |  | 603 |  |  |  | 293 |
Sociedad Interbancaria de Depósito de Valores S.A. |  |  | 29.29 |  |  |  | 29.29 |  |  |  | 29.29 |  |  |  | 1,769 |  |  |  | 1,633 |  |  |  | 1,485 |  |  |  | 344 |  |  |  | 302 |  |  |  | 252 |
Cámara de Compensación de Alto Valor S.A. |  |  | 15.00 |  |  |  | 15.00 |  |  |  | 15.00 |  |  |  | 1,008 |  |  |  | 971 |  |  |  | 958 |  |  |  | 58 |  |  |  | 28 |  |  |  | 29 |
Administrador Financiero del Transantiago S.A. |  |  | 20.00 |  |  |  | 20.00 |  |  |  | 20.00 |  |  |  | 3,134 |  |  |  | 3,476 |  |  |  | 3,986 |  |  |  | 437 |  |  |  | 337 |  |  |  | 390 |
Servicios de Infraestructura de Mercado OTC S.A. |  |  | 12.07 |  |  |  | 12.07 |  |  |  | 12.07 |  |  |  | 1,561 |  |  |  | 1,528 |  |  |  | 1,556 |  |  |  | 33 |  |  |  | (24 | ) |  |  | 60 |
Subtotal |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 35,745 |  |  |  | 10,396 |  |  |  | 10,169 |  |  |  | (826 | ) |  |  | 1,246 |  |  |  | 1,024 |
Shares or rights in other companies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bladex |  |  |  |  |  |  |  |  |  |  |  |  |  |  | - |  |  |  | 136 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 13 |
Stock Exchanges |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 181 |  |  |  | 228 |  |  |  | - |  |  |  | 163 |  |  |  | 142 |  |  |  | 109 |
Others |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8 |  |  |  | 10 |  |  |  | 8 |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 35,934 |  |  |  | 10,770 |  |  |  | 10,177 |  |  |  | (663 | ) |  |  | 1,388 |  |  |  | 1,146 |
| (*) | In December 2021, the Bank reclassified its participation in Redbanc S.A. and Transbank S.A. as Investment in associates, after its prior decision to classify them as “Non-current assets held for sale and discontinued operations”, due to lack of buyers. See Note 1 v) and Note 39.
In April 22, 2021, Transbank held an extraordinary shareholders meeting, were the members approved a capital increase of MCh$30,000. In June 22, 2021, at the ordinary Board of Directors meeting, the Bank approved the contribution, the first contribution was made on July for MCh$2,500 and the second on September for MCh$4,999. As described in Note 1 g), the Bank has irrevocably designated its participation in Stock exchanges at fair value through other comprehensive income (Equity instruments at FVOCI). Related dividends are recognized in the income statements under “Income from investments in associates and other companies”. In July 2021, the Bank sold its participation in Bladex. The fair value of these equity investments is as follows:
|  | December 31, |
|  | 2021 |  |  | 2020 |
|  | MCh$ |  |  | MCh$ |
Bladex |  |  | - |  |  |  | 310 |
Stock exchange |  |  | 181 |  |  |  | 228 |
Others |  |  | 8 |  |  |  | 10 |
Total |  |  | 189 |  |  |  | 548 |
b) | Summary of financial information of associates as of and for the years ended December 31, 2021, 2020 and 2019:
|  | As of December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
|  | Assets MCh$ |  |  | Liabilities MCh$ |  |  | Equity MCh$ |  |  | Net income MCh$ |  |  | Assets MCh$ |  |  | Liabilities MCh$ |  |  | Equity MCh$ |  |  | Net income MCh$ |  |  | Assets MCh$ |  |  | Liabilities MCh$ |  |  | Equity MCh$ |  |  | Net income MCh$ |
Redbanc S.A. |  |  | 28,410 |  |  |  | 18,475 |  |  |  | 8,522 |  |  |  | 1,413 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 23,413 |  |  |  | 14,106 |  |  |  | 8,441 |  |  |  | 866 |
Transbank S.A. |  |  | 1,317,587 |  |  |  | 1,232,689 |  |  |  | 97,337 |  |  |  | (12,439 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,217,448 |  |  |  | 1,133,441 |  |  |  | 70,605 |  |  |  | 13,402 |
Centro de Compensación Automatizado S.A. |  |  | 13,247 |  |  |  | 2,519 |  |  |  | 8,100 |  |  |  | 2,628 |  |  |  | 11,134 |  |  |  | 2,953 |  |  |  | 6,371 |  |  |  | 1,810 |  |  |  | 8,550 |  |  |  | 1,998 |  |  |  | 5,671 |  |  |  | 881 |
Sociedad Interbancaria de Depósito de Valores S.A. |  |  | 6,675 |  |  |  | 358 |  |  |  | 5,143 |  |  |  | 1,175 |  |  |  | 5,840 |  |  |  | 314 |  |  |  | 4,496 |  |  |  | 1,030 |  |  |  | 5,074 |  |  |  | 4 |  |  |  | 4,209 |  |  |  | 861 |
Cámara de Compensación de Alto Valor S.A. |  |  | 7,569 |  |  |  | 931 |  |  |  | 6,246 |  |  |  | 392 |  |  |  | 7,158 |  |  |  | 722 |  |  |  | 6,246 |  |  |  | 190 |  |  |  | 7,372 |  |  |  | 986 |  |  |  | 6,193 |  |  |  | 193 |
Administrador Financiero del Transantiago S.A. |  |  | 54,437 |  |  |  | 35,279 |  |  |  | 17,233 |  |  |  | 1,925 |  |  |  | 49,841 |  |  |  | 30,670 |  |  |  | 17,227 |  |  |  | 1,944 |  |  |  | 54,712 |  |  |  | 34,787 |  |  |  | 17,978 |  |  |  | 1,947 |
Sociedad Nexus S.A. |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 31,147 |  |  |  | 13,471 |  |  |  | 17,660 |  |  |  | 16 |
Servicios de Infraestructura de Mercado OTC S.A. |  |  | 35,641 |  |  |  | 23,023 |  |  |  | 12,246 |  |  |  | 371 |  |  |  | 14,480 |  |  |  | 2,232 |  |  |  | 12,441 |  |  |  | (193 | ) |  |  | 15,152 |  |  |  | 2,682 |  |  |  | 11,993 |  |  |  | 477 |
Total |  |  | 1,463,566 |  |  |  | 1,313,274 |  |  |  | 154,826 |  |  |  | (4,534 | ) |  |  | 88,453 |  |  |  | 36,891 |  |  |  | 46,781 |  |  |  | 4,781 |  |  |  | 1,362,868 |  |  |  | 1,201,475 |  |  |  | 142,750 |  |  |  | 18,643 |
c) | Restrictions over the ability of associated companies to transfer funds to investors.
There are no significant restrictions regarding the capacity of associates to transfer funds, whether in cash dividends, refund of loans, or advance payments to the Bank.
d) | Activity with respect to investments in other companies in 2021, 2020 and 2019 is as follows:
|  | As of December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Opening balance as of January 1, |  |  | 10,770 |  |  |  | 10,177 |  |  |  | 32,003 |
Acquisition of investments |  |  | 27,233 |  |  |  |  |  |  |  | - |
Sale of investments |  |  | (136 | ) |  |  | (20 | ) |  |  | - |
Participation in income |  |  | (714 | ) |  |  | 1,388 |  |  |  | 1,146 |
Dividends received |  |  | 506 |  |  |  | (508 | ) |  |  | (130 | )
Other adjustments |  |  | (1,914 | ) |  |  | (641 | ) |  |  | (22,842 | )
Closing balances as of December 31, |  |  | 35,745 |  |  |  | 10,396 |  |  |  | 10,177 |

X
- References No definition available. + Details
Name: | bsac_DisclosureOfInterestsInOtherEntitiesTextBlockAbstract
Namespace Prefix: | bsac_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for interests in other entities. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2021-01-01 -Paragraph 1 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2021-en-r&anchor=para_1&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfInterestsInOtherEntitiesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration