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Consolidated Statements of Cash Flows - CLP ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
A - CASH FLOWS FROM OPERATING ACTIVITIES      
NET INCOME FOR THE YEAR $ 807,482 $ 852,428 $ 552,730
Adjustments for non-cash items included in net income (1,456,419) (1,440,550) (1,179,767)
Depreciation and amortisation 122,993 122,055 109,426
Impairment of property, plant, and equipment 638
Provision for loan losses 447,071 368,082 553,190
Mark to market of trading investments (20,173) (18,031) 43,609
Income from investments in associates and other companies (10,310) (2,383) (1,388)
Net gain on sale of assets received in lieu of payment (4,354) (5,479) (5,934)
Provision on assets received in lieu of payment 743 349 1,456
Loss on sale of associate 20
Net gain on sale of property, plant and equipment (6,405) (673) (865)
Net interest income (1,570,112) (1,811,351) (1,593,848)
Net fee and commission income (407,268) (332,751) (267,278)
Changes in deferred taxes (52,181) 226,810 (28,465)
Other non-cash items 36,577 12,822 9,672
Increase/decrease in operating assets and liabilities 289,949 (6,557) (192,956)
(Increase)/decrease of loans and accounts receivables from customers, net (2,026,071) (2,244,100) (1,673,357)
(Increase)/decrease of financial investments (647,482) (2,960,906) (3,015,784)
Decrease/ (increase) of interbank loans (32,527) 18,502 (4,078)
Decrease/(increase) of assets received or awarded in lieu of payment (1,533) 4,822 8,289
Increase/(decrease) of debits in customers checking accounts (2,673,664) 3,042,985 3,249,540
(Decrease)/increase of time deposits and other time liabilities 2,847,734 (450,736) (2,611,026)
(Decrease)/increase of obligations with domestic banks 40,093 (215,876) (54,518)
Increase/(decrease) of other demand liabilities or time obligations (756,337) 190,050 842,080
Increase/(decrease) of obligations with foreign banks 25,445 2,061,681 (1,095,961)
Increase/(decrease) increase of obligations with Central Bank of Chile (27,356) 652,179 4,959,260
(Decrease)/increase of obligations under repurchase agreements 228,721 (883,174) 589,753
(Decrease)/increase in other financial liabilities 110,089 (1,411) (42,040)
(Decrease)/increase of other assets and liabilities 1,989,113 (2,535,796) (1,850,030)
Redemption of letters of credit (3,681) (4,835) (6,188)
Senior bond issuances 461,221 1,471,106 1,227,166
Redemption of mortgage bonds and payments of interest (6,665) (289,173) (6,312)
Redemption of senior bonds and payments of interest (1,183,950) (6,483) (2,571,384)
Payment of interest on financial liabilities (31,118)
Interest received 4,086,656 2,921,097 2,232,327
Interest paid (2,516,544) (1,109,746) (638,479)
Dividends received from investments in other companies 526 506 508
Fees and commissions received 729,063 578,604 451,162
Fees and commissions paid (321,794) (245,853) (183,884)
Total cash flow (used in) provided by operating activities (358,988) (594,679) (819,993)
Purchases of property, plant, and equipment (58,393) (57,995) (50,613)
Sales of property, plant, and equipment 18,690 2,498 15,678
Purchases of intangible assets (54,899) (28,774) (35,170)
Total cash flow used in investment activities (94,602) (84,271) (70,105)
Dividends paid (464,977) (310,468) (331,255)
Placement of subordinated bond 102,481 475,390
Placement of perpetual bond 595,175
Lease obligations paid (21,827) (46,046) (42,045)
Total cash flow used in financing activities (384,323) 238,661 102,090
D – NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS DURING THE YEAR (837,913) (440,289) (788,008)
E – EFFECTS OF FOREIGN EXCHANGE RATE FLUCTUATIONS 25,904 437,564 (28,706)
F - INITIAL BALANCE OF CASH AND CASH EQUIVALENTS 2,891,895 2,894,620 3,711,334
FINAL BALANCE OF CASH AND CASH EQUIVALENTS 2,079,886 2,891,895 2,894,620
Provision for loan losses for cash flow purposes 447,071 368,227 552,687
Recovery of loans previously charged off (90,577) (76,999) (74,926)
Provision for loan losses – net $ 356,494 $ 291,228 $ 477,761