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Other Assets (Tables) | 12 Months Ended
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Dec. 31, 2022
Disclosure of Other Assets Text Block (Abstract) |
Schedule of other assets |
|  | As of December 31, |
|  | 2022 |  |  | 2021 |
|  | MCh$ |  |  | MCh$ |
Assets available to be granted under the financial leasing agreements |  |  | 32,220 |  |  |  | 51,957 |
Guarantee deposits (margin accounts) (1) |  |  | 2,442,325 |  |  |  | 1,988,410 |
Gold investments |  |  | 715 |  |  |  | 718 |
VAT credit |  |  | 44,180 |  |  |  | 38,844 |
Prepaid expenses (2) |  |  | 245,937 |  |  |  | 322,887 |
Valuation adjustments by macro hedge (3) |  |  | 160,531 |  |  |  | 217,979 |
Pension plan assets |  |  | 542 |  |  |  | 523 |
Accounts and notes receivable |  |  | 184,989 |  |  |  | 92,039 |
Brokerage dealer and simultaneous transactions |  |  | 243,345 |  |  |  | 44,860 |
Other cash submitted guarantess |  |  | 2 |  |  |  | 41,195 |
In-progress operation |  |  | 31,709 |  |  |  | 15,163 |
Other assets (4) |  |  | 192,850 |  |  |  | 118,239 |
Total |  |  | 3,579,345 |  |  |  | 2,932,814 |
| (1) | Guarantee deposits (margin accounts) correspond to collateral associated with derivative financial contracts to mitigate the counterparty credit risk and are mainly established in cash. These guarantees operate when mark to market of derivative financial instruments exceed the levels of threshold agreed in the contracts, which could result in the Bank delivering or receiving collateral.
| (2) | Under this item, the Bank has recorded prepaid expense related to the Santander LATAM Pass programme, which is consumed on a monthly basis in accordance with the client use of Bank’s transactional products and therefore the Bank assigned the respective LATAM Pass miles. In May 2020, LATAM Airlines Group S.A began a reorganization process under Chapter 11, with an aim to continue operating. LATAM has publicly stated its intention to honor all current and future tickets, as well as travel vouchers, miles and frequent flyer programmes, which has been ratified by the bankruptcy court of New York (in charge of chapter 11). In addition, LATAM formalized two tranches of the DIP (Debtor in Possession) financing proposal for a total of USD 2,200 million, obtaining all resources necessary to continue operating during the crisis. In October 2020, the company made its first disbursement for US$1,150 million from the DIP financing, which represents 50% of the amount available and allowed to reestablish its operations and start preparing its reorganization plan. On January 27, 2021, the request made by LATAM to postpone the deadline for submitting its reorganization plan was approved. On November 26, 2021, LATAM submitted to the Bankruptcy court a Reorganization Plan supported by main stakeholders to strengthen the capital structure and long-term sustainability. The plan includes the injection of US$8,190 million through capital, convertible bonds and debt, with the purposes of allowing the company to exit from Chapter 11 with appropriate capitalization to execute its business plan.
| (3) | Net assets and liabilities fair value valuation subject to macro hedges. See Note 7.
| (4) | Other assets mainly include settlement of derivatives and other financial transactions.

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- Definition Tabular disclosure of the carrying amounts of other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
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