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Non-Controlling Interest

12 Months Ended

Dec. 31, 2021

Disclosure of non-controlling interests [text block] [Abstract]

NOTE 25

NON-CONTROLLING INTEREST

The non-controlling interest included in the equity and the income from the subsidiaries is summarized as follows:

								Other comprehensive income
As of December 31,	Non- controlling		Equity		Income			Debt instruments at FVOCI			Deferred tax		Total other comprehensive income			Comprehensive income
2021	%		MCh$		MCh$			MCh$			MCh$		MCh$			MCh$
Subsidiaries:
Santander Corredora de Seguros Limitada		0.25		179		5			-			-		-			5
Santander Corredores de Bolsa Limitada		49.41		22,970		717			(238	)		65		(173	)		544
Santander Asesorías Financieras Limitada		0.97		513		21			(152	)		41		(111	)		(90	)
Santander S.A. Sociedad Securitizadora		0.36		1		-			-			-		-			-
Klare Corredora de Seguros S.A.		49.49		1,631		(1,270	)		-			-		-			(1,270	)
Santander Consumer Chile S.A.		49.00		39,080		9,386			-			-		-			9,386
Subtotal				64,374		8.859			(390	)		106		(284	)		8.575
Santander Gestión de Recaudación y Cobranzas Limitada		100.00		4,820		139			-			-		-			139
Bansa Santander S.A.		100.00		21,010		1,096			-			-		-			1,096
Multiplica Spa		100.00		4.156		(133	)		-			-		-			(133	)
Subtotal				29,986		1,102			-			-		-			1,102
Total				94,360		9,961			(390	)		106		(284	)		9.677

								Other comprehensive income
As of December 31,	Non- controlling		Equity		Income			Debt instruments at FVOCI			Deferred tax			Total other comprehensive income			Comprehensive income
2020	%		MCh$		MCh$			MCh$			MCh$			MCh$			MCh$
Subsidiaries:
Santander Corredora de Seguros Limitada		0.25		174		(4	)		(4	)		1			(3	)		(7	)
Santander Corredores de Bolsa Limitada		49.41		22,614		351			(38	)		9			(29	)		322
Santander Asesorías Financieras Limitada		0.97		493		(5	)		152			(41	)		111			106
Santander S.A. Sociedad Securitizadora		0.36		2		-			-			-			-			-
Klare Corredora de Seguros S.A.		49.90		2,902		(880	)		-			-			-			(880	)
Santander Consumer Chile S.A.		49.00		29,649		5,619			-			-			-			5,619
Subtotal				55,834		5,081			110			(31	)		79			5,160
Entities controlled through other considerations:
Santander Gestión de Recaudación y Cobranzas Limitada		100.00		4,808		(127	)		-			-			-			(127	)
Bansa Santander S.A.		100.00		19,565		349			-			-			-			349
Multiplica Spa		100.00		4,476		(187	)		-			-			-			(187	)
Subtotal				28,849		35												35
Total				84,683		5,116			110			(31	)		79			5,195

								Other comprehensive income
As of December 31,	Non- controlling		Equity		Income			Debt instruments at FVOCI			Deferred tax		Total other comprehensive income			Comprehensive income
2019	%		MCh$		MCh$			MCh$			MCh$		MCh$			MCh$

Subsidiaries:
Santander Corredora de Seguros Limitada		0,25		178		6			1			-		1			7
Santander Corredores de Bolsa Limitada		49,41		22,301		625			(261	)		71		(190	)		435
Santander Asesorías Financieras Limitada (1)		0,97		498		9			-			-		-			9
Santander S.A. Sociedad Securitizadora		0,36		2		-			-			-		-			-
Klare Corredora de Seguros S.A.		49,90		3,782		(503	)		-			-		-			(503	)
Santander Consumer Chile S.A. (2)		49,00		24,564		1,544			-			-		-			1,544
Subtotal				51,325		1,681			(260	)		71		(189	)		1,492
Entities controlled through other considerations:
Santander Gestión de Recaudación y Cobranzas Limitada		100,00		3,777		1,031			-			-		-			1,031
Bansa Santander S.A.		100,00		20,051		(486	)		-			-		-			(486	)
Multiplica Spa		100,00		4,480		(4	)		-			-		-			(4	)
Subtotal				28,308		541											541

Total				79,633		2,222			(260	)		71		(189	)		2,033

(1)

Formerly Santander Agente de Valores Limitada.

(2)

On November 27, 2019, the Bank acquired 51% of Santander Consumer S.A., and the remaining 49% is accounted as non-controlling interest.

b) The overview of the financial information of the subsidiaries included in the consolidation of the Bank that possess non-controlling interests is as follows, which does not include consolidation or conforming accounting policy adjustments:

	As of December 31,
	2021									2020									2019
	Assets		Liabilities		Capital		Net income			Assets		Liabilities		Capital		Net income			Assets		Liabilities		Capital		Net income
	MCh$		MCh$		MCh$		MCh$			MCh$		MCh$		MCh$		MCh$			MCh$		MCh$		MCh$		MCh$
Santander Corredora de Seguros Limitada		88,492		13,388		69,129		1,975			79,936		10,777		70,554		(1,395	)		82,918		12,372		68,159		2,387
Santander Corredores de Bolsa Limitada		98,496		51,649		45,396		1,451			94,802		49,038		45,053		711			1,479,974		1,434,843		43,866		1,265
Santander Asesorias Financieras Limitada		54,731		1,683		50,900		2,148			52,070		1,142		51,454		(526	)		51,505		51		50,481		973
Santander S.A. Sociedad Securitizadora		810		463		455		(108	)		630		175		547		(92	)		636		88		639		(91	)
Klare Corredora de Seguros S.A.		3,952		681		5,816		(2,545	)		6,415		599		7,579		(1,763	)		8,303		724		8,586		(1,007	)
Santander Consumer Chile S.A.		742,700		662,945		60,588		19,167			693,992		633,177		49,348		11,467			505,059		452,528		39,951		12,580
Sociedad operadora de Tarjetas de Pago Santander Getnet Chile S.A.		78,523		67,301		48,990		(7,768	)		16,448		1,185		16,273		(1,010	)		-		-				-
Santander Gestión de Recaudación y Cobranzas Ltda.		6,636		1,816		4,681		139			7,789		3,108		4,808		(127	)		8,200		3,392		3,777		1,031
Bansa Santander S.A.		103,927		82,917		19,914		1,096			84,496		64,582		19,565		349			87,607		68,042		20,051		(486	)
Multiplica Spa		4,409		253		1,289		(133	)		4,336		47		4,476		(187	)		4,480		4		4,480		(4	)
TOTAL		1,178,676		883,096		280,158		15,422			1,040,914		763,830		269,657		7,427			2,228,682		1,972,044		239,990		16,648