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Fair Value of Financial Assets and Liabilities (Tables)
 12 Months Ended
Dec. 31, 2022
Disclosure Of Fair Value Measurement Text Block Abstract  
Schedule of financial assets and liabilities
   As of December 31, 
   2022   2021 
   Book value   Fair value   Book value   Fair value 
   MCh$   MCh$   MCh$   MCh$ 
Assets                
Financial assets for trading at FVTPL                
Financial derivative contracts   11,672,960    11,672,960    9,494,471    9,494,471 
Debt financial instruments   154,046    154,046    73,347    73,347 
Financial assets at FVOCI                    
Debt financial instrument   5,880,733    5,880,733    5,803,139    5,803,139 
Other financial instruments   142,306    142,306    105,437    99,375 
Financial derivative contracts for hedge accounting   477,762    477,762    629,136    629,136 
Financial assets at amortised cost                    
Debt financial instruments   4,867,591    4,496,503    4,691,730    4,249,697 
Interbank loans   32,991    32,918    428    430 
Loans and account receivable from customers   38,696,410    39,181,962    35,477,200    35,654,706 
Guarantee deposits (margin accounts)   2,442,325    2,442,325    1,988,410    1,988,410 
                     
Liabilities                    
Financial liabilities for trading at FVTPL                    
Financial derivative contracts   11,319,320    11,319,320    9,507,031    9,507,031 
Financial derivative contracts for accounting hedges   2,788,794    2,788,794    1,364,210    1,364,210 
Financial liabilities at amortised cost                    
Deposits and other demand liabilities   14,086,226    14,086,226    17,900,938    17,900,938 
Time deposits and other time liabilities   12,978,790    13,117,554    10,131,055    10,177,658 
Interbank borrowings   8,864,765    8,223,783    8,826,583    8,867,185 
Issued debt instruments   7,165,893    6,871,028    6,935,423    7,058,404 
Other financial liabilities   292,995    292,995    182,907    186,150 
Regulatory capital financial instruments   1,733,869    2,459,632    1,461,637    1,487,555 
Guarantees received (margin accounts)   1,017,968    1,017,968    857,679    857,679 

 
Schedule of assets and liabilities on recurrent basis
    Fair value measurement 
As of December 31,  2022   Level 1   Level 2   Level 3 
  MCh$   MCh$   MCh$   MCh$ 
Assets                
Financial assets for trading at FVTPL                
Financial derivative contracts   11,672,960    
-
    11,672,922    38 
Debt financial instruments   154,046    154,046    
-
    
-
 
Financial assets at FVOCI                    
Debt financial instrument   5,880,733    5,870,407    9,894    432 
Other financial instruments   142,306    
-
    
-
    142,306 
Financial derivative contracts for hedge accounting   477,762    
-
    477,762    
-
 
Guarantee deposits (margin accounts)   2,442,327    
 
    2,442,327    
-
 
Total   20,770,134    6,024,453    14,602,905    142,776 
Liabilities                    
Financial liabilities for trading at FVTPL                    
Financial derivative contracts   11,319,320    
-
    11,319,320    
-
 
Financial derivative contracts for accounting hedges   2,788,794    
-
    2,788,794    
-
 
Guarantees received (margin accounts)   1,017,968    
-
    1,017,968    
-
 
Total   15,126,082    
-
    15,126,082    
-
 

 

   Fair value measurement 
As of December 31,  2021   Level 1   Level 2   Level 3 
  MCh$   MCh$   MCh$   MCh$ 
Assets                
Financial assets for trading at FVTPL            
Financial derivative contracts   9,494,471    
-
    9,494,471    
-
 
Debt financial instruments   73,347    42,437    30,910    
-
 
Financial assets at FVOCI                    
Debt financial instrument   5,803,139    5,789,050    13,534    555 
Other financial instruments   99,375    
-
    
-
    99,375 
Financial derivative contracts for hedge accounting   629,136    
-
    626,640    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                    
Financial liabilities for trading at FVTPL                    
Financial derivative contracts   9,507,031    
-
    9,507,031    
-
 
Financial derivative contracts for accounting hedges   1,364,210    
-
    1,364,210    
-
 
Guarantees received (margin accounts)   857,679    
-
    857,679    
-
 
Total   11,728,920    
-
    11,728,920    
-
 

 
Schedule of assets or liabilities which are not measured at fair value
   Fair value measurement 
As of December 31,  2022   Level 1   Level 2   Level 3 
  MCh$   MCh$   MCh$   MCh$ 
Assets                
Financial assets at amortised cost                
Debt financial instruments   4,496,503    4,496,503    
-
    
-
 
Interbank loans   32,918    
-
    
-
    32,918 
Loans and account receivable from customers   39,181,962    
-
    
-
    39,181,962 
Total   43,711,383    4,496,503    
-
    39,214,880 
Liabilities                    
Financial liabilities at amortised cost                    
Deposits and other demand liabilities   14,086,226    
-
    
-
    14,086,226 
Time deposits and other time liabilities   13,117,554    
-
    13,117,554    
-
 
Interbank borrowings   8,223,783    
-
    8,223,783    
-
 
Issued debt instruments   6,871,028    
-
    6,871,028    
-
 
Other financial liabilities   292,995    
-
    292,995    
-
 
Regulatory capital financial instruments   2,459,632    
-
    2,459,632    
-
 
Total   45,051,218    
-
    30,964,992    14,086,226 

 

   Fair value measurement 
As of December 31,  2021   Level 1   Level 2   Level 3 
  MCh$   MCh$   MCh$   MCh$ 
Assets                
Financial assets at amortised cost                
Debt financial instruments   4,249,697    4,249,697    
-
    
-
 
Interbank loans   430    
-
    
-
    430 
Loans and account receivable from customers   35,654,706    
-
    
-
    35,654,706 
Total   39,904,833    4,249,697    
-
    35,655,136 
Liabilities                    
Financial liabilities at amortised cost                    
Deposits and other demand liabilities   17,983,282    
-
    
-
    17,900,938 
Time deposits and other time liabilities   10,177,658    
-
    10,221,663    
-
 
Interbank borrowings   8,867,185    
-
    8,905,524    
-
 
Issued debt instruments   7,058,404    
-
    7,058,404    
-
 
Other financial liabilities   186,150    
-
    186,150    
-
 
Regulatory capital financial instruments   1,487,555    
-
    1,487,555    
-
 
Total   45,760,234    
-
    27,859,296    17,900,938 

 
Schedule of assets and liabilities measured at fair value on a recurrent basis using unobserved significant entries (Level 3)
As of December 31, 2022
Instrument Level 3 Valuation technique Main unobservable inputs

Impacts (in MCh$)

Sens, -1bp Unfavorable scenario

Impacts (in MCh$)

Sens, +1bp Favorable scenario

Financial derivatives contracts Present Value method Curves on TAB (1) (0.6) 0.6
Debt financial instruments at FVOCI Internal rate of return method BR UF (2) (0.07) 0.07

 

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

Financial derivatives contracts Present Value method Curves on TAB (1) (0.6) 0,6
Debt financial instruments at FVOCI Internal rate of return method BR UF (2) (0.1) 0.1

 

(1)TAB: “Tasa Activa Bancaria” (Active Bank Rate). Average interest rates on 30, 90, 180 and 360 day deposits published by the Chilean Association of Banks and Financial Institutions (ABIF) in nominal currency (Chilean peso) and in real terms, adjusted for inflation (in Chilean unit of account (Unidad de Fomento - UF)).

 

(2)BR: “Bonos de Reconocimiento” (Recognition Bonds). The Recognition Bond is an instrument of money provided by the State of Chile to workers who joined the new pension system, which began operating since 1981.

 
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, 2022  102,426  
-
 
Total realized and unrealized profits (losses)        
Included in statements of income   139,848    
   -
 
Included in other comprehensive income   (99,498)   
-
 
Purchases, issuances, and loans (net)   
-
    
-
 
Level transfer   
-
    
-
 
As of December 31, 2022   142,776    
-
 
           
Total profits or losses included in comprehensive income for 2022 that are attributable to change in unrealized profit (losses) related to assets or liabilities as of December 31, 2022   40,350    
-
 

 

   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)

 
Schedule of financial instruments subject to compensation
   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
neeting
agreements		   Amount in
Statements
of Financial
Position		 
Assets  Ch$ Million   Ch$ Million   Ch$ Million   Ch$ Million   Ch$ Million 
Financial derivative contracts and hedge accounting (1)   10,280,291    
-
    10,280,291    1,870,431    12,150,722 
Loans and accounts receivable and interbank loans (2)   
-
    
-
    
-
    37,692,840    37,692,840 
Total   10,280,291    
-
    10,280,291    39,563,271    49,843,562 
Liabilities                         
Financial derivative contracts and hedge accounting   11,365,281    
-
    11,365,281    2,742,833    14,108,114 
Investments under resale agreements   315,355    
-
    315,355    
-
    315,355 
Deposits and interbank borrowings   
-
    
-
    
-
    35,929,781    35,929,780 
Total   11,680,636    
-
    11,680,636    38,672,614    50,353,249 

 

(1)Derivatives contract have guarantees associated for Ch$1,695,431 million and Ch$746,729, respectively.

 

(2)Loans and accounts receivable and interbank loans at amortised cost

 

(3)Include Deposits and other demand liabilities, Time deposits and other time liabilities and interbank borrowings

 

   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
neeting
agreements		   Amount in
Statements
of Financial
Position		 
Assets  Ch$ Million   Ch$ Million   Ch$ Million   Ch$ Million   Ch$ Million 
Financial derivative contracts and hedge accounting (1)   8,976,617    
-
    8,976,617    1,146,990    10,123,607 
Loans and accounts receivable and interbank loans (2)   
-
    
-
    
-
    35,477,628    35,477,628 
Total   8,976,617    
-
    8,976,617    36,624,618    45,601,235 
Liabilities                         
Financial derivative contracts and hedge accounting   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 (3)   
-
    
-
    
-
    36,858,576    36,858,576 
Total   8,816,700    
-
    8,816,700    38,999,751    47,816,451 

 

(1)Derivatives contract have guarantees associated for Ch$882,398 million and Ch$999,425, respectively.

 

(2)Loans and accounts receivable and interbank loans at amortised cost

 

(3)Include Deposits and other demand liabilities, Time deposits and other time liabilities and interbank borrowings

 
Schedule of credit exposure in its financial derivative operations
   As of December 31, 2022   As of December 31, 2021 
  Assets   Liability   Assets   Liability 
Financial derivative contracts  MCh$   MCh$   MCh$   MCh$ 
                 
Financial derivative contracts with collateral agreement threshold equal to zero   8,177,074    9,588,768    8,696,994    9,280,079 
Financial derivative contracts with non-zero threshold collateral agreement   440,091    536,318    1,124,413    906,479 
Financial derivative contracts without collateral agreement   3,533,557    3,983,028    302,200    684,683 
Total   12,150,722    14,108,114    10,123,607    10,871,241