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Fair Value of Financial Assets and Liabilities (Tables)
 12 Months Ended
Dec. 31, 2021
Disclosure of fair value measurement [text block] [Abstract]  
Schedule of financial assets and liabilities
   As of December 31, 
   2021   2020 
   Book value   Fair value   Book value   Fair value 
   MCh$   MCh$   MCh$   MCh$ 
Assets                
Financial derivative contracts   10,123,607    10,123,607    133,718    133,718 
Financial assets held for trading   73,347    73,347    9.032.085    9,032,085 
Loans and accounts receivable at amortized cost, net   35,477,628    35,655,136    33,303,100    36,921,368 
Loans and accounts receivable at FVOCI, net   105,437    99,375    69,331    69,331 
Debt instrument at FVOCI   5,803,139    5,803,139    7,162,542    7,162,542 
Debt instrument at amortized cost   4,691,730    4,249,697    
-
    
-
 
Guarantee deposits (margin accounts)   1,988,410    1,988,410    608,359    608,359 
Liabilities                    
Deposits and interbank borrowings   36,858,576    36,421,937    31,471,283    32,047,227 
Financial derivative contracts   10,871,241    10,871,241    9,018,660    9,018,660 
Issued debt instruments and other financial liabilities   8,579,967    8,732,109    8,388,495    9,590,678 
Guarantees received (margin accounts)   857,679    857,679    624,205    624,205 

 
Schedule of assets and liabilities on recurrent basis
   Fair value measurement 
As of December 31,  2021   Level 1   Level 2   Level 3 
   MCh$   MCh$   MCh$   MCh$ 
Assets                
Financial assets held for trading   73,347    42,437    30,910    
-
 
Loans and accounts receivable at FVOCI, net   99,375    
-
    
-
    99,375 
Debt instruments at FVOCI   5,803,139    5,789,050    13,534    555 
Derivatives   10,123,607    
-
    10,121,111    2,496 
Guarantee deposits (margin accounts)   1,988,410    
-
    1,988,410    
-
 
Total   18,087,878    5,831,487    12,153,965    102,426 
Liabilities                    
Derivatives   10,871,241    
-
    10,871,241    
-
 
Guarantees received (margin accounts)   857,679    
-
    857,679    
-
 
Total   11,728,920    
-
    11,728,920    
-
 

 

   Fair value measurement 
As of December 31,  2020   Level 1   Level 2   Level 3 
   MCh$   MCh$   MCh$   MCh$ 
Assets                
Financial assets held for trading   133,718    132,246    1,472    
-
 
Loans and accounts receivable at FVOCI, net   69,331    
-
    
-
    69,331 
Debt instruments at FVOCI   7,162,542    7,145,285    16,731    526 
Derivatives   9,032,085    
-
    9,024,484    7,601 
Guarantee deposits (margin accounts)   608,359    
-
    608,359    
-
 
Total   17,006,035    7,277,531    9,651,046    77,458 
Liabilities                    
Derivatives   9,018,660    
-
    9,015,900    2,760 
Guarantees received (margin accounts)   624,205    
-
    624,205    
-
 
Total   9,642,865    
-
    9,640,105    2,760 
Schedule of assets or liabilities which are not measured at fair value
   Fair value measurement 
As of December 31,  2021   Level 1   Level 2   Level 3 
   MCh$   MCh$   MCh$   MCh$ 
Assets                
Loans and accounts receivable at amortized cost, net   35,655,136    
-
    
-
    35,655,136 
Debt instrument at amortized cost   4,249,697    4,249,697         
-
 
Total   39,904,833    4,249,697    
-
    35,655,136 
Liabilities                    
Deposits and interbank borrowings   36,421,397    
-
    18,520,999    17,900,938 
Issued debt instruments and other financial liabilities   8,732,109    
-
    8,732,109    
-
 
Total   45,154,046    
-
    27,253,108    17,900,938 

 

   Fair value measurement 
As of December 31,  2020   Level 1   Level 2   Level 3 
   MCh$   MCh$   MCh$   MCh$ 
Assets                
Loans and accounts receivable at amortized cost, net   36,921,368    
-
    
-
    36,921,368 
Total   36,921,368              36,921,368 
Liabilities                    
Deposits and interbank borrowings   32,047,227    
-
    17,486,334    14,560,893 
Issued debt instruments and other financial liabilities   9,590,678    
-
    9,590,678    
-
 
Total   41,637,905    
-
    27,077,012    14,560,893 

 
Schedule of assets and liabilities measured at fair value on a recurrent basis using unobserved significant entries (Level 3)
As of December 31, 2021
Instrument Level 3  Valuation technique  Main unobservable
inputs		 

Impacts (in MCh$)

Sens, -1bp Unfavorable scenario

  

Impacts (in MCh$)

Sens, +1bp Favorable scenario

 
Derivatives  Present Value method  Curves on TAB (1)   
(0,6
)   
0,6
 
Debt instruments at FVOCI  Internal rate of return method  BR UF (2)   
-
    
-
 

 

As of December 31, 2020
Instrument Level 3  Valuation technique  Main unobservable
inputs		 

Impacts

(in MCh$)

Sens, -1bp Unfavorable scenario

  

Impacts (in MCh$)

Sens, +1bp Favorable scenario

 
Derivatives  Present Value method  Curves on TAB (1)   (1.3)   1.3 
Debt instruments at FVOCI  Internal rate of return method  BR UF (2)   
-
    
-
 

 
Schedule of assets and liabilities measured at fair value on a recurrent basis using unobserved significant entries (Level 3)
   Assets   Liabilities 
   MCh$   MCh$ 
As of January 1, 2021   77,458    2,760 
Total realized and unrealized profits (losses)          
Included in statements of income   (4,711)   
-
 
Included in other comprehensive income   30,073    
-
 
Purchases, issuances, and loans (net)        
-
 
Level transfer   (394)   (2,760)
As of December 31, 2021   102,426    
-
 
Total profits or losses included in comprehensive income for 2021 that are attributable to change in unrealized profit (losses) related to assets or liabilities as of December 31, 2021   24,968    (2,760)

 

   Assets   Liabilities 
   MCh$   MCh$ 
As of January 1, 2020   81,678    2,950 
Total realized and unrealized profits (losses)          
Included in statements of income   (196)   1,012 
Included in other comprehensive income   3,087    
-
 
Purchases, issuances, and loans (net)   
-
    
-
 
Level transfer   (7,111)   (1,202)
As of December 31, 2020   77,458    2,760 
Total profits or losses included in comprehensive income for 2020 that are attributable to change in unrealized profit (losses) related to assets or liabilities as of December 31, 2020   (4,220)   (190)

 

   Assets   Liabilities 
   MCh$   MCh$ 
As of January 1, 2019   80,781    795 
Total realized and unrealized profits (losses)          
Included in statements of income   827    2,155 
Included in other comprehensive income   70    
-
 
Purchases, issuances, and loans (net)   
-
    
-
 
Level transfer   
-
    
-
 
As of December 31, 2019   81,678    2,950 
Total profits or losses included in comprehensive income for 2019 that are attributable to change in unrealized profit (losses) related to assets or liabilities as of December 31, 2019   897    2,155 

 
Schedule of financial instruments subject to compensation
   As of December 31, 2021         
   On-balance sheet amounts with netting agreements         
Financial instruments  Gross
amounts		  

Compensated

in balance

   Net amount
presented in
balance		   Remaining
financial
instruments
not subject
to netting
agreements		   Amount in
Statements
of Financial
Position		 
Assets  Ch$ Million   Ch$ Million   Ch$ Million   Ch$ Million   Ch$ Million 
Financial derivative contracts (*)   8,976,617    
-
    8,976,617    1,146,990    10,123,607 
Investments under resale agreements   
-
    
-
    
-
    
-
    
-
 
Loans and accounts receivable at amortized cost, net   
-
    
-
    
-
    35,477,628    35,477,628 
Total   8,976,617    
-
    8,976,617    36,624,618    45,601,235 
 Liabilities                         
Financial derivative contracts (*)   8,730,066    
-
    8,730,066    2,141,175    10,871,241 
Investments under resale agreements   86,634    
-
    86,634    
-
    86,634 
Deposits and interbank borrowings   
-
    
-
    
-
    36,858,576    36,858,576 
Total   8,816,700    
-
    8,816,700    38,999,751    47,816,451 

 

   As of December 31, 2020         
   On-balance sheet amounts with netting agreements         
Financial instruments 

Gross

amounts

  

Compensated

in balance

   Net amount
presented in
balance		   Remaining
financial
instruments
not subject
to netting
agreements		  

Amount in
Statements
of Financial
Position

 
Assets  Ch$ Million   Ch$ Million   Ch$ Million   Ch$ Million   Ch$ Million 
Financial derivative contracts (*)   8,840,436    
-
    8,840,436    191,649    9,032,085 
Investments under resale agreements   
-
    
-
    
-
    
-
    
-
 
Loans and accounts receivable at amortized cost, net   
-
    
-
    
-
    33,303,100    33,303,100 
Total   8,840,436    
-
    8,840,436    33,494,749    42,605,185 
 Liabilities                         
Financial derivative contracts (*)   8,922,079    
-
    8,922,079    96,581    9,018,660 
Investments under resale agreements   969,808    
-
    969,808    
-
    969,808 
Deposits and interbank borrowings   
-
    
-
    
-
    31,471,283    31,471,283 
Total   9,891,887    
-
    9,891,887    31,567,864    41,459,751 

 
Schedule of credit exposure in its financial derivative operations
   As of December 31, 2021   As of December 31, 2020 
Financial derivative contracts  Assets   Liability   Assets   Liability 
   MCh$   MCh$   MCh$   MCh$ 
                 
Financial derivative contracts with collateral agreement threshold equal to zero   8,696,994    9,280,079    8,127,263    7,900,539 
Financial derivative contracts with non-zero threshold collateral agreement   1,124,413    906,479    471,529    606,661 
Financial derivative contracts without collateral agreement   302,200    684,683    433,293    511,460 
Total   10,123,607    10,871,241    9,023,085    9,018,660