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Regulatory Capital Financial Instruments
 12 Months Ended
Dec. 31, 2022
Regulatory Capital Financial Instruments [Abstract]  
REGULATORY CAPITAL FINANCIAL INSTRUMENTS

NOTE 18 - REGULATORY CAPITAL FINANCIAL INSTRUMENTS

 

As of December 31, 2022 and 2021, the Bank’s subordinated bonds classified as current and non-current are summarised below:

 

   As of December 31, 
   2022   2021 
   MCh$   MCh$ 
Current portion   
-
    
-
 
Non- current portion   1,733,869    1,461,637 
Total subordinated bonds   1,733,869    1,461,637 

 

Detail of the subordinated bonds per currency is as follows:

 

   As of December 31, 
   2022   2021 
   MCh$   MCh$ 
Subordinated bonds denominated in USD   169,835    230,118 
Subordinated bonds denominated in UF   1,564,034    1,231,519 
Total subordinated bonds   1,733,869    1,461,637 

 

i.Placement of subordinated bonds

 

   Currency  Placement amount   Interest
rate		   Plazo de emisión  Placement
date		  Maturity
date
USTDW70320  UF   3,300,000    3.51%  6 years  01-07-2022  09-01-2028

 

During 2021, the Bank did not place any subordinated bonds.

 

ii.The Maturities of subordinated bonds

 

   As of December 31, 
   2022   2021 
   MCh$   MCh$ 
Due within 1 year   
-
    
-
 
Due after 1 year but within 2 years   
-
    
-
 
Due after 2 year but within 3 years   
-
    
-
 
Due after 3 year but within 4 years   175,800    - 
Due after 4 year but within 5 years   -    180,439 
Due after 5 years   1,558,069    1,281,198 
Total subordinated bonds   1,733,869    1,461,637 

 

iii.Balances of subordinated bonds

 

   December 31, 2022   December 31, 2021 
   MCh$   MCh$ 
Balances as of January 1,   1,461,637    1,357,529 
New issues/placements   101,503    83,557 
Accrued interest at effective interés rate   6,563    (4,250)
Readjustments accrued by UF or exchange rate   172,941    25,001 
Others   (8,775)   (200)
Balances as of December 31,   1,733,869    1,461,637