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Loans and Accounts Receivable at Fair Value Through Other Comprehensive Income | 12 Months Ended
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Dec. 31, 2021
Loans And Account Receivable At Fair Value Through Other Comprehensive Income [Abstract] |
LOANS AND ACCOUNTS RECEIVABLE AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | NOTE 10 LOANS AND ACCOUNTS RECEIVABLE AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME The Bank classifies certain loans at fair value through other comprehensive income (FVOCI), when a loan exceeds single client exposure under the Bank's credit risk policy. Initially, the risk committee approved the full operation but with the condition to sell a portion of the loan in the medium term. Additionally, the Bank includes operations that expect to sell, for which an increase of the credit risk has been identified. This portfolio is measured at fair value, recognizing the adjustment in other comprehensive income. The portfolio is assessed for impairment loss under the ECL model, same as loans at amortized cost. An analysis of changes in the gross carrying amount and the corresponding ECL allowance is, as of December 31, 2021 is as follows:
|  | Stage1 |  |  | Stage2 |  |  | Stage3 |  |  | TOTAL |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Gross carrying amount at January 1, 2021 |  |  | 70,685 |  |  |  | - |  |  |  | - |  |  |  | 70,685 |
Transfers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Transfers to stage 1 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 2 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 3 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Net changes on financial assets |  |  | 36,428 |  |  |  | - |  |  |  | - |  |  |  | 36,428 |
Write-off |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
FX and other adjustments |  |  | (7,470 | ) |  |  | - |  |  |  | - |  |  |  | (7,470 | )
At December 31, 2021 |  |  | 99,643 |  |  |  | - |  |  |  | - |  |  |  | 99,643 |
|  | Stage 1 |  |  | Stage 2 |  |  | Stage 3 |  |  | TOTAL |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |
ECL allowance at January 1, 2021 |  |  | 1,354 |  |  |  | - |  |  |  | - |  |  |  | 1,354 |
Transfers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Transfers to stage 1 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 2 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 3 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Net changes of the exposure and modifications in the credit risk |  |  | (1,086 | ) |  |  | - |  |  |  | - |  |  |  | (1,086 | )
Write-off |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
FX and other adjustments |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
At December 31, 2021 |  |  | 268 |  |  |  | - |  |  |  | - |  |  |  | 268 |
An analysis of changes in the gross carrying amount and the corresponding ECL allowance is, as of December 31, 2020 is as follows:
|  | Stage1 |  |  | Stage2 |  |  | Stage3 |  |  | TOTAL |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Gross carrying amount at January 1, 2020 |  |  | 66,166 |  |  |  | - |  |  |  | - |  |  |  | 66,166 |
Transfers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Transfers to stage 1 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 2 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 3 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Net changes on financial assets |  |  | 3,857 |  |  |  | - |  |  |  | - |  |  |  | 3,857 |
Write-off |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
FX and other adjustments |  |  | 662 |  |  |  | - |  |  |  | - |  |  |  | 662 |
At December 31, 2020 |  |  | 70,685 |  |  |  | - |  |  |  | - |  |  |  | 70,685 |
|  | Stage 1 |  |  | Stage 2 |  |  | Stage 3 |  |  | TOTAL |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |
ECL allowance at January 1, 2020 |  |  | 101 |  |  |  | - |  |  |  | - |  |  |  | 101 |
Transfers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Transfers to stage 1 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 2 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 3 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Net changes of the exposure and modifications in the credit risk |  |  | 1,252 |  |  |  | - |  |  |  | - |  |  |  | 1,252 |
Write-off |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
FX and other adjustments |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | 1 |
At December 31, 2020 |  |  | 1,354 |  |  |  | - |  |  |  | - |  |  |  | 1,354 |

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