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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2022
Disclosure Of Significant Accounting Policies Text Block Abstract  
Schedule of subsidiaries
         Percent ownership share 
         As of December 31, 
      Place of  2022   2021   2020 
   Main  Incorporation  Direct   Indirect   Total   Direct   Indirect   Total   Direct   Indirect   Total 
Name of the Subsidiary  Activity  and operation  %   %   %   %   %   %   %   %   % 
Santander Corredora de Seguros Limitada  Insurance brokerage  Santiago, Chile   99.75    0.01    99.76    99.75    0.01    99.76    99.75    0.01    99.76 
Santander Corredores de Bolsa Limitada  Financial instruments brokerage  Santiago, Chile   50.59    0.41    51.00    50.59    0.41    51.00    50.59    0.41    51.00 
Santander Asesorias Financieras Limitada  Securities brokerage  Santiago, Chile   99.03    -    99.03    99.03    -    99.03    99.03    -    99.03 
Santander S.A. Sociedad Securitizadora  Purchase of credits and issuance of debt instruments  Santiago, Chile   99.64    -    99.64    99.64    -    99.64    99.64    -    99.64 
Klare Corredora de Seguros S.A.  Insurance brokerage  Santiago, Chile   50.10    -    50.10    50.10    -    50.10    50.10    -    50.10 
Santander Consumer Chile S.A.  Financing  Santiago, Chile   51.00    -    51.00    51.00    -    51.00    51.00    -    51.00 
Sociedad operadora de Tarjetas de Pago Santander Getnet Chile S.A. (1)  Card operator  Santiago, Chile   99.99    0.01    100.00    99.99    0.01    100.00    99.99    0.01    100.00 

 
Schedule of associates
         Percentage of ownership share 
      Place of  As of December 31, 
      Incorporation  2022   2021   2020 
Associates  Main activity  and operation  %   %   % 
Redbanc S.A.  ATM services  Santiago, Chile   33.43    33.43    33.43 
Transbank S.A.  Debit and credit card services  Santiago, Chile   25.00    25.00    25.00 
Centro de Compensación Automatizado S.A.  Electronic fund transfer and compensation services  Santiago, Chile   33.33    33.33    33.33 
Sociedad Interbancaria de Depósito de Valores S.A.  Delivery of securities on public offer  Santiago, Chile   29.29    29.29    29.29 
Cámara Compensación de Pagos de Alto Valor S.A.  Payments clearing  Santiago, Chile   15.00    15.00    15.00 
Administrador Financiero del Transantiago S.A.  Administration of boarding passes to public transportation  Santiago, Chile   20.00    20.00    20.00 
Servicios de Infraestructura de Mercado OTC S.A.  Administration of the infrastructure for the financial market of derivative instruments  Santiago, Chile   12.48    12.48    12.48 

 
Schedule of useful lives for the tangible assets
ITEM 

Useful life

(Months)

 
Land   
-
 
Paintings and works of art   
-
 
Carpets and curtains   36 
Computers and hardware   36 
Vehicles   36 
IT systems and software   36 
ATMs   60 
Other machines and equipment   60 
Office furniture   60 
Telephone and communication systems   60 
Security systems   60 
Rights over telephone lines   60 
Air conditioning systems   84 
Other installations   120 
Buildings   
1,200
 

 
Schedule of loan and accounts receivable charge-offs
Type of loan  Term
Consumer loans with or without collateral  6 months
Other transactions without collateral  24 months
Commercial loans with collateral  36 months
Mortgage loans  48 months
Consumer leasing  6 months
Other non-mortgage leasing transactions  12 months
Mortgage leasing (household and business)  36 months

 
Schedule statements of financial position

 

Previous presentation

  31-12-2021      Current presentation  31-12-2021    
   MCh$         MCh$    
ASSETS          ASSETS        
Cash and deposits in banks   2,881,558      Cash and deposits in banks   2,881,558    
Cash items in process of collection   390,271      Cash items in process of collection   390,271    
Financial derivative contracts   10,123,607      Financial assets for trading at FVTPL   9,567,818    
Trading   9,494,471   A  Financial derivative contracts   9,494,471   A
Hedging   629,136   C  Debt financial instruments   73,347   A
Financial assets held for trading   73,347   A  Financial assets at FVOCI   5,902,514    
Loans and account receivable at amortised cost   35,477,628      Debt financial instrument   5,803,139   B
Interbank   428   D  Other financial instruments   99,375   B
L&AR   35,477,200   D  Financial derivative contracts for hedge accounting   629,136   C
Debt instruments at amortised cost   4,691,730   D  Financial assets at amortised cost   40,169,358    
Loans and account receivable at FVOCI   99,375   B  Debt financial instruments   4,691,730   D
Debt instruments at FVOCI   5,803,139   B  Interbank loans   428   D
Equity instruments at FVOCI   189   E  Loans and account receivable from customers   35,477,200   D
Investments in associates and other companies   35,745      Investments in associates and other companies   35,934   E
Intangible assets   95,411      Intangible assets   95,411    
Property, plant, and equipment   236,939      Property, plant, and equipment   236,939    
Right of use assets   137,879      Right of use assets   137,879    
Current taxes   121,534      Current taxes   121,534    
Deferred taxes   710,896      Deferred taxes   710,896    
Other assets   2,962,702      Other assets   2,932,814    
Other assets   2,932,814      Non current assets and disposal groups for sale   29,888   F
Non-current assets   29,888   F           
TOTAL ASSETS   63,841,950      TOTAL ASSETS   63,841,950    

 
Schedule of figures presented in these financial statements
Previous presentation  31-12-2021      Current presentation  31-12-2021    
   MCh$         MCh$    
LIABILITIES                   
Deposits and other demand liabilities   17,900,938   I  Cash items in process of being cleared   379,934    
Cash items in process of being cleared   379,934      Financial liabilities for trading at FVTPL   9,507,031    
Obligations under repurchase agreements   86,634   I  Financial derivative contracts   9,507,031   G
Time deposits and other time liabilities   10,131,055   I  Financial derivative contracts for accounting hedges   1,364,210   H
Financial derivative contracts   10,871,241      Financial liabilities at amortised cost   44,063,540    
Trading   9,507,031   G  Deposits and other demand liabilities   17,900,938   I
Hedging   1,364,210   H  Time deposits and other time liabilities   10,131,055   I
Interbank borrowings   8,826,583   I  Obligations under repurchase agreements   86,634   I
Issued debt instruments   8,397,060      Interbank borrowings   8,826,583   I
Issued instruments   6,935,423   I  Issued debt instruments   6,935,423   I
Capital instruments   1,461,637   J  Other financial liabilities   182,907   I
Other financial liabilities   182,907   I  Lease liabilities   139,795    
Lease liabilities   139,795      Regulatory capital financial instruments   1,461,637   J
Current taxes   
-
      Provisions   463,949    
Deferred taxes   427,655      Current taxes   -    
Provisions   463,949      Deferred taxes   427,655    
Other liabilities   1,606,626      Other liabilities   1,606,626    
TOTAL LIABILITIES   59,414,377      TOTAL LIABILITIES   59,414,377    
EQUITY                   
Attributable to the shareholders of the Bank:   4,333,213      Attributable to the shareholders of the Bank:   4,333,213    
Capital   891,303      Capital   891,303    
Reserves   2,550,559      Reserves   2,550,559    
Valuation adjustments   (353,850)     Valuation adjustments   (353,850)   
Others equity instruments issued other than capital   598,136      Others equity instruments issued other than capital   598,136    
Retained earnings   647,065      Retained earnings   647,065    
Retained earnings from prior years   57,338      Retained earnings from prior years   57,338    
Income for the year   842,467      Income for the year   842,467    
Minus: Provision for mandatory dividends   (252,740)     Minus: Provision for mandatory dividends   (252,740)   
Non-controlling interest   94,360      Non-controlling interest   94,360    
TOTAL EQUITY   4,427,573      TOTAL EQUITY   4,427,573    
TOTAL LIABILITIES AND EQUITY   63,841,950      TOTAL LIABILITIES AND EQUITY   63,841,950    

 
Schedule of statements income

 

Previous presentation

  31-12-2021   Reclassification   Current presentation  31-12-2021 
   MCh$   MCh$      MCh$ 
Interest income   2,921,097   (16,266)  A  Interest income and inflation   2,904,831 
Interest expense   (1,109,746)         Interest expense and inflation   (1,109,746)
Net interest income   1,811,351          Net interest income   1,795,085 
Fee and commission income   578,604   16,266   A  Fee and commission income   594,870 
Fee and commission expense   (245,853)         Fee and commission expense   (245,853)
Net fee and commission income   332,751          Net fee and commission income   349,017 
               Net income from financial operations:     
Net income (expense) from financial operations   (6,403)  (22,199)  B  Net income/(expense) from financial assets and liabilities for trading   (28,602)
        22,199   B  Net income from derecognising financial assets and liabilities at amortised cost and financial assets at fair value through other comprehensive income   22,199 
Net foreign exchange gain   125,431          Net income from exchange, adjustment and hedge accounting of foreign exchange   125,431 
Other operating income   10,391   (10,391)  C        
Net operating profit before provision for loan losses   2,273,521          Net income from financial operations   119,028 
Provision for loan losses   (291,083)  291,083   F        
        (475)  E, C  Income from investments in associates and other companies   (475)
        2,297   C, D  Net income from non-current assets and groups available for sale not admissible as discontinued operations   2,297 
        1,662   C  Other operating income   1,662 
NET OPERATING INCOME   1,982,438          TOTAL OPERATING INCOME   2,266,614 
Personnel salaries and expenses   (397,675)         Personnel salaries and expenses   (397,675)
Administrative expenses   (280,134)         Administrative expenses   (280,134)
Depreciation and amortisation   (122,055)         Depreciation and amortisation   (122,055)
Impairment of property, plant, and equipment   
-
          Impairment of property, plant, and equipment   
-
 
Other operating expenses   (107,819)  107,819   D        
Total operating expenses   (907,683)  (101,430)  D, C  Other operating expenses   (101,430)
OPERATING INCOME   1,074,755          TOTAL OPERATING EXPENSES   (901,294)
Income from investments in associates and other companies   (663)  663   E  NET OPERATING INCOME BEFORE CREDIT LOSSES   1,365,320 
               Provisions for loan losses for interbank loans and account receivable from customers   (355,638)
        (145)  D  Provisions for loan losses for contingent loans and others   (12,254)
               Recovery of loans previously charged-off   76,999 
               Provision for loan losses for other financial assets at amortised cost and financial assets at fair value through OCI   (335)
        (291,083)  F  Provision for loan losses   (291,228)
Income from continuing operations before tax   1,074,092          NET OPERATING INCOME BEFORE INCOME TAX   1,074,092 
Income tax expense   (221,664)         Income tax expense   (221,664)
Result of continuing operations   852,428          Result of continuing operations   852,428 
Result of discontinued operations   
-
          Result of discontinued operations   
-
 
NET INCOME FOR THE YEAR   852,428   0      NET INCOME FOR THE YEAR   852,428 

 
Schedule of other minor reclassifications as presented
Previous presentation  31-12-2021   Current presentation  31-12-2021 
   MCh$      MCh$ 
Other operating income   10,391         
        Net income from non-current assets and groups available for sale not admissible as discontinued operations     
        assets received or awarded in lieu of payment   6,152 
        sale of fixed assets   673 
        Income from investments in associates and other companies     
        Income from sale of investment   188 
        Other operating expenses     
        recovery from operational risk expenses   2,389 
        Other operating income     
        others   1,662 
TOTAL   10,391   TOTAL   10,391 

 
Schedule of operations and recovery from operational risk expenses are now included in other operating expenses
Previous presentation  31-12-2021   Current presentation  31-12-2021 
   MCh$      MCh$ 
Other operating expenses   107,819         
        Net income from non-current assets and groups available for sale not admissible as discontinued operations     
        assets received or awarded in lieu of payment   3,855 
        Provision for loan losses     
        country risk   145 
        Other operating expenses     
        other   103,819 
TOTAL   107,819   TOTAL   107,819 
        Other operating expenses     
        other   103,819 
        Less: recovery from operational risk expenses   (2,389)
        TOTAL   101,430