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Fees and Commissions

12 Months Ended

Dec. 31, 2021

Disclosure of fee and commission income (expense) [text block] [Abstract]

NOTE 27

FEES AND COMMISSIONS

This item includes the amount of fees earned and paid during the year, except for those which are an integral part of the financial instrument’s effective interest rate:

	For the years ended December 31,
	2021		2020		2019
	MCh$		MCh$		MCh$

Fee and commission income
Fees and commissions for lines of credits and overdrafts		7,602		7,428		10,315
Fees and commissions for guarantees and letters of credit		39,010		36,277		35,039
Fees and commissions for card services		273,641		196,308		225,702
Fees and commissions for management of accounts		39,581		34,825		35,949
Fees and commissions for collections and payments		26,871		23,242		33,355
Fees and commissions for intermediation and management of securities		10,750		11,272		10,154
Insurance brokerage fees		43,898		39,764		49,664
Office banking		17,823		15,119		13,655
Fees for other services rendered		49,178		44,072		47,331
Other fees earned		70,250		42,855		37,494
Total		578,604		451,162		498,658

	For the years ended December 31,
	2021			2020			2019
	MCh$			MCh$			MCh$

Fee and commission expense
Compensation for card operation		(168,077	)		(123,011	)		(171,513	)
Fees and commissions for securities transactions		(4,860	)		(896	)		(1,001	)
Office banking		(2,115	)		(2,078	)		(1,860	)
Interbank services		(34,143	)		(24,957	)		(19,839	)
Other fees		(36,658	)		(32,942	)		(17,359	)
Total		(245,853	)		(183,884	)		(211,572	)

Net fees and commissions income		332,751			267,278			287,086

The fees earned in transactions with letters of credit are presented in the Consolidated Statements of Income in the line item “Interest income”.

The income and expenses for the commissions of the business segments and the calendar for the recognition of income from ordinary activities are presented below:

	Segments															Revenue recognition calendar for ordinary activities
As of December 31,	Individuals and PYMEs			Companies and Institutions			Global Investment Banking			Others			Total			Transferred over time		Transferred at a point in time			Accrual model
2021	MCh$			MCh$			MCh$			MCh$			MCh$			MCh$		MCh$			MCh$

Commission income
Commissions for lines of credit and overdrafts		6,284			835			430			53			7,602			7.602		-			-
Commissions for guarantees and letters of credit		11,620			19,281			7,983			126			39,010			39.010		-			-
Commissions for card services		258,971			11,223			3,401			46			273,641			58.186		215.455			-
Commissions for account management		35,933			2,496			1,149			3			39,581			39.581		-			-
Commissions for collections, collections and payments		24,615			1,561			653			42			26,871			-		12.498			14.373
Commissions for intermediation and management of values		3,687			355			5,790			918			10,750			-		10.750			-
Remuneration for insurance commercialization		43,995			-			3			(100	)		43,898			-		-			43.898
Office banking		12,493			4,494			836			-			17,823			-		17.823			-
Other remuneration for services rendered		45,278			3,306			581			13			49,178			-		49.178			-
Other commissions earned		34,656			12,878			23,785			(1,069	)		70,250			-		70.250			-
Total		477,532			56,429			44,611			32			578,604			144.379		375.954			58.271

Commission expenses
Remuneration for card operation		(160,982	)		(6,035	)		(1,053	)		(7	)		(168,077	)		-		(93.019	)		(75.058	)
Commissions per transaction with securities		-			-			(2,744	)		(2,116	)		(4,860	)		-		(4.860	)		-
Office banking		(4,237	)		73			2,049			-			(2,115	)		-		(2.115	)		-
Interbank services		(24,230	)		(4,338	)		(5,618	)		43			(34,143	)		-		(34.143	)		-
Other commissions		(25,818	)		(2,226	)		(3,989	)		(4,625	)		(36,658	)		-		(36.658	)		-
Total		(215,265	)		(12,526	)		(11,355	)		(6,705	)		(245,853	)		-		(170.795	)		(75.058	)
Total Net commission income and expenses		262,265			43,903			33,256			(6,673	)		332,751			144.379		205.159			(16.787	)

	Segments															Revenue recognition calendar for ordinary activities
As of December 31,	Individuals and PYMEs			Companies and Institutions			Global Investment Banking			Others			Total			Transferred over time		Transferred at a point in time			Accrual model
2020	MCh$			MCh$			MCh$			MCh$			MCh$			MCh$		MCh$			MCh$

Commission income
Commissions for lines of credit and overdrafts		6,334			690			398			6			7,428			7,428		-			-
Commissions for guarantees and letters of credit		11,304			17,505			7,112			356			36,277			36,277		-			-
Commissions for card services		187,098			6,620			2,568			22			196,308			47,073		149,235			-
Commissions for account management		31,508			2,495			819			3			34,825			34,825		-			-
Commissions for collections, collections and payments		21,281			1,514			367			80			23,242			-		11,303			11,939
Commissions for intermediation and management of values		3,353			299			8,149			(529	)		11,272			-		11,272			-
Remuneration for insurance commercialization		39,764			-			-			-			39,764			-		-			39,764
Office banking		10,393			4,077			649			-			15,119			-		15,119			-
Other remuneration for services rendered		39,318			3,606			1,028			120			44,072			-		44,072			-
Other commissions earned		18,948			11,716			12,850			(659	)		42,855			-		42,855			-
Total		369,301			48,522			33,940			(601	)		451,162			125,603		273,856			51,703

Commission expenses
Remuneration for card operation		(118,255	)		(3,020	)		(1,070	)		(666	)		(123,011	)		-		(68,550	)		(54,461	)
Commissions per transaction with securities		-			-			(69	)		(827	)		(896	)		-		(896	)		-
Office banking		(1,326	)		(434	)		(314	)		(4	)		(2,078	)		-		(2,078	)		-
Interbank services		(16.073	)		(5,183	)		(3,663	)		(38	)		(24,957	)				(24,957	)
Other commissions		(20,216	)		(1,550	)		(5,644	)		(5,532	)		(32,942	)		-		(32,942	)		-
Total		(155,870	)		(10,187	)		(10,760	)		(7,067	)		(183,884	)		-		(129,423	)		(54,461	)
Total Net commission income and expenses		213,431			38,335			23,180			(7,668	)		267,278			125,603		144,433			(2,758	)

	Segments															Revenue recognition calendar for ordinary activities
As of December 31,	Individuals and PYMEs			Companies and Institutions			Global Investment Banking			Others			Total			Transferred over time		Transferred at a point in time			Accrual model
2019	MCh$			MCh$			MCh$			MCh$			MCh$			MCh$		MCh$			MCh$

Commission income
Commissions for lines of credit and overdrafts		6,123			935			3,240			17			10,315			10,315		-			-
Commissions for guarantees and letters of credit		11,553			17,531			5,842			113			35,039			35,039		-			-
Commissions for card services		218,635			6,042			950			75			225,702			41,347		184,355			-
Commissions for account management		32,608			2,515			823			3			35,949			35,949		-			-
Commissions for collections, collections and payments		36,129			2,185			464			(5,423	)		33,355			-		12,854			20,501
Commissions for intermediation and management of values		3,219			245			8,301			(1,611	)		10,154			-		10,154			-
Remuneration for insurance commercialization		49,664			-			-			-			49,664			-		-			49,664
Office banking		9,280			3,782			606			(13	)		13,655			-		13,655			-
Other remuneration for services rendered		42,499			3,748			839			245			47,331			-		47,331			-
Other commissions earned		12,462			10,727			14,293			12			37,494			-		37,494			-
Total		422,172			47,710			35,358			(6,582	)		498,658			122,650		305,843			70,165

Commission expenses
Remuneration for card operation		(168,024	)		(3,475	)		(321	)		307			(171,513	)		-		(171,513	)		-
Commissions per transaction with securities		-			-			(33	)		(968	)		(1,001	)		-		(1,001	)		-
Office banking		(1,186	)		(389	)		(282	)		(3	)		(1,860	)		-		(1,860	)		-
Interbank services		(12,776	)		(4,121	)		(2,912	)		(30	)		(19,839	)				(19,839	)
Other commissions		(9,559	)		(1,013	)		(2,707	)		(4,080	)		(8,359	)		-		(8,359	)		-
Total		(191,545	)		(8,998	)		(6,255	)		(4,774	)		(211,572	)		-		(211,572	)		-
Total Net commission income and expenses		230,627			38,712			29,103			(11,356	)		287,086			122,650		94,271			70,165