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Intangible Assets

12 Months Ended

Dec. 31, 2021

Intangible Assets [Abstract]

INTANGIBLE ASSETS

NOTE 13

INTANGIBLE ASSETS

a.	As of December 31, 2021 and 2020, the composition of intangible assets is as follows:

									As of December 31, 2021
		Average remaining useful			Net opening balance as of January 1, 2021				Gross balance				Accumulated amortization				Net balance
		life			MCh$				MCh$				MCh$				MCh$

Licenses						-				-				-				-
Software development		2				82,537				294,745				(199,334	)			95,411
Total						82,537				294,745				(199,334	)			95,411

									As of December 31, 2020
		Average remaining useful			Net opening balance as of January 1, 2020				Gross balance				Accumulated amortization				Net balance
		life			MCh$				MCh$				MCh$				MCh$

Licenses		-				-				35,997				(35,997	)			-
Software development		2				73,389				248,537				(166,000	)			82,537
Total						73,389				284,534				(201,997	)			82,537

b.	The changes in the value of intangible assets during the periods ended December 31, 2021 and December 31, 2020 is as follows:

b.1

Gross balance

Gross balances		Software development				Total
		MCh$				MCh$

Balances as of January 1, 2021			284,534				284,534
Acquisitions			47,487				47,487
Disposals and impairment			(37,276	)			(37,276	)
Other			-				-
Balances as of December 31, 2021			294,745				294,745

Balances as of January 1, 2020			250,002				250,002
Acquisitions			35,170				35,170
Disposals and impairment			(638	)			(638	)
Other			-				-
Balances as of December 31, 2020			284,534				284,534

b.2

Accumulated amortization

Accumulated amortization		Software development				Total
		MCh$				MCh$

Balances as of January 1, 2021			(201,997	)			(201,997	)
Year’s amortization			(32,252	)			(32,252	)
Other changes			34,915				34,915
Balances as of December 31, 2021			(199,334	)			(199,334	)

Balances as of January 1, 2020			(176,613	)			(176,613	)
Year’s amortization			(25,384	)			(25,384	)
Other changes			-				-
Balances as of December 31, 2020			(201,997	)			201,997

c.	The Bank has no restriction on intangible assets as of December 31, 2021 and 2020. Additionally, intangible assets have not been pledged as guarantee for fulfillment of financial liabilities. Also, the Bank has no debt related to Intangible assets as of those dates.