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Consolidated Statements of Cash Flows - CLP ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
A - CASH FLOWS FROM OPERATING ACTIVITIES      
NET INCOME FOR THE YEAR $ 852,428 $ 552,730 $ 621,313
Adjustments for non-cash items included in net income (1,440,550) (1,179,767) (1,119,126)
Depreciation and amortization 122,055 109,426 106,092
Impairment of property, plant, and equipment 638 2,726
Provision for loan losses 368,082 553,190 406,024
Mark to market of trading investments (18,031) 43,609 39,997
Income from investments in associates and other companies (2,383) (1,388) (1,146)
Net gain on sale of assets received in lieu of payment (5,479) (5,934) (5,613)
Provision on assets received in lieu of payment 349 1,456 1,809
Loss on sale of associate 20 126
Net gain on sale of property, plant and equipment (673) (865) (2,456)
Net interest income (1,811,351) (1,593,848) (1,416,964)
Net fee and commission income (332,751) (267,278) (287,086)
Changes in deferred taxes 226,810 (28,465) 37,432
Other non-cash items 12,822 9,672 (67)
(Increase)/ decrease in operating assets and liabilities 942 192,956 2,353,399
(Increase)/decrease of loans and accounts receivables from customers, net (2,244,100) (1,673,357) (2,449,954)
(Increase)/decrease of financial investments (2,960,906) (3,015,784) (1,809,112)
Decrease/ (increase) of interbank loans 18,502 (4,078) 232
Decrease/(increase) of assets received or awarded in lieu of payment 4,822 8,289 (1,743)
Increase/(decrease) of debits in customers checking accounts 3,042,985 3,249,540 1,298,976
(Decrease)/increase of time deposits and other time liabilities (450,736) (2,611,026) 124,998
(Decrease)/increase of obligations with domestic banks (215,876) (54,518) 271,620
Increase/(decrease) of other demand liabilities or time obligations 190,050 842,080 257,039
Increase/(decrease) of obligations with foreign banks 2,061,681 (1,095,961) 459,572
Increase/(decrease) increase of obligations with Central Bank of Chile 652,179 4,959,260
(Decrease)/increase of obligations under repurchase agreements (883,174) 589,753 331,510
(Decrease)/increase in other financial liabilities (1,411) (42,040) 10,958
(Decrease)/increase of other assets and liabilities (2,528,297) (1,850,030) 989,451
Redemption of letters of credit (4,835) (6,188) (6,988)
Senior bond issuances 1,471,106 1,227,166 1,893,552
Redemption of mortgage bonds and payments of interest (289,173) (6,312) (6,109)
Redemption of senior bonds and payments of interest (6,483) (2,571,384) (714,783)
Interest received 2,921,097 2,232,327 2,321,381
Interest paid (1,109,746) (638,479) (904,417)
Dividends received from investments in other companies 506 508 130
Fees and commissions received 578,604 451,162 498,658
Fees and commissions paid (245,853) (183,884) (211,572)
Total cash flow (used in) provided by operating activities (587,180) (819,993) 1,855,586
B - CASH FLOWS FROM INVESTMENT ACTIVITIES:      
Purchases of property, plant, and equipment (57,995) (50,613) (57,390)
Sales of property, plant, and equipment 2,498 15,678 8,666
Sales of investments in associates 1,930
Purchases of investments in associates (7,499) (62,136)
Purchases of intangible assets (28,774) (35,170) (32,860)
Total cash flow used in investment activities (91,770) (70,105) (141,790)
C - CASH FLOW FROM FINANCING ACTIVITIES:      
Dividends paid (310,468) (331,255) (355,141)
Placement of subordinated bond 475,390
Placement of perpetual bond 595,175
Lease obligations paid (46,046) (42,045) (30,145)
Total cash flow used in financing activities 238,661 102,090 (385,286)
D – NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS DURING THE YEAR (440,289) (788,008) 1,328,510
E – EFFECTS OF FOREIGN EXCHANGE RATE FLUCTUATIONS 437,564 (28,706) 126,669
F - INITIAL BALANCE OF CASH AND CASH EQUIVALENTS 2,984,620 3,711,334 2,256,155
FINAL BALANCE OF CASH AND CASH EQUIVALENTS 2,891,895 2,984,620 3,711,334
Provision for loan losses for cash flow purposes 368,082 553,190 406,024
Recovery of loans previously charged off (76,999) (74,926) (82,713)
Provision for loan losses – net $ 291,083 $ 478,264 $ 323,311