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Financial Assets at Fair Value Through Other Comprehensive Income | 12 Months Ended
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Dec. 31, 2023
Financial Assets at Fair Value Through Other Comprehensive Income [Abstract] |
FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | NOTE 06 – FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME The financial assets at fair value through other comprehensive income is as follows:
|  | As of December 31, |
|  | 2023 |  |  | 2022 |
|  | MCh$ |  |  | MCh$ |
Debt financial instruments |  |  |  |  |  |
Chilean Central Bank and Government securities |  |  | 3,024,700 |  |  |  | 4,074,413 |
Other Chilean debt financial securities |  |  | 6,656 |  |  |  | 9,898 |
Foreign financial debt securities |  |  | 1,504,669 |  |  |  | 1,796,422 |
Subtotal |  |  | 4,536,025 |  |  |  | 5,880,733 |
Other financial instruments |  |  |  |  |  |  |  |
Commercial loans |  |  | 105,257 |  |  |  | 142,306 |
Subtotal |  |  | 105,257 |  |  |  | 142,306 |
Total |  |  | 4,641,282 |  |  |  | 6,023,039 |
| a. | As of December 31, 2023 and 2022 detail of financial debt instruments is as follows:
|  | As of December 31, |
|  | 2023 |  |  | 2022 |
|  | MCh$ |  |  | MCh$ |
Chilean Central Bank and Government securities |  |  |  |  |  |
Chilean Central Bank financial instruments |  |  | 2,286,541 |  |  |  | 3,331,264 |
Chilean Treasury bonds and notes |  |  | 737,705 |  |  |  | 742,717 |
Other Chilean government financial instruments |  |  | 454 |  |  |  | 432 |
Subtotal |  |  | 3,024,700 |  |  |  | 4,074,413 |
of which sold under repurchase agreement |  |  | 362,893 |  |  |  | 207,280 |
Other Chilean debt financial securities |  |  |  |  |  |  |  |
Chilean Bank debt financial instruments |  |  | 6,656 |  |  |  | 9,891 |
Other Chilean financial instruments |  |  | - |  |  |  | 7 |
Subtotal |  |  | 6,656 |  |  |  | 9,898 |
of which sold under repurchase agreement |  |  | 77 |  |  |  | 91 |
Foreign financial debt securities |  |  |  |  |  |  |  |
Foreign Central Banks debt financial instruments |  |  | 1,238,866 |  |  |  | 1,668,670 |
Other foreign financial instruments |  |  | 265,803 |  |  |  | 127,752 |
Subtotal |  |  | 1,504,669 |  |  |  | 1,796,422 |
of which sold under repurchase agreement |  |  | - |  |  |  | 127,752 |
Total |  |  | 4,536,025 |  |  |  | 5,880,733 |
The Bank holds instruments, within “Chilean Central Bank and government securities”, which guarantee derivatives transactions through Comder Contraparte Central S.A., in the local market as of December 31, 2023 and 2022 for an amount of Ch$224,680 and Ch$133,480, respectively, while “Foreign financial debt securities” guarantee derivatives transactions through London Clearing House (LCH) as of December 31, 2023 and 2022 for an amount of Ch$71,705 and Ch$69,666, respectively. Additionally, the Bank maintains guarantees with Euroclear as of December 31, 2023 and 2022 for an amount of Ch$564,020 and Ch$590,466, respectively, to comply with the initial margin required by European EMIR Standard. As of December 31, 2023, changes in fair value of financial assets measured at FVCO included a cumulative net unrealized loss of MCh$89,748, recorded as “valuation adjustment” in OCI, where MCh$91,596 (loss) are attributable to shareholders equity and MCh$1,848 (profit) to non-controlling interest. As of December 31, 2022, changes in fair value of financial assets measured at FVCO included a cumulative net unrealized loss of MCh$109,392, recorded as “valuation adjustment” in OCI, where MCh$110,130 (loss) are attributable to shareholders equity and MCh$738 (profit) to non-controlling interest. The changes in the fair value and the corresponding ECL as of December 31, 2023 is as follows:
|  | Stage 1 |  |  | Stage 2 |  |  | Stage 3 |  |  | TOTAL |
Gross carrying amount at January 1, 2023 |  | 5,880,733 |  |  | - |  |  | - |  |  | 5,880,733 |
New financial assets purchased |  |  | 41,150,092 |  |  |  | - |  |  |  | - |  |  |  | 41,150,092 |
Transfers to stage 1 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 2 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 3 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Assets derecognised or matured (excluding write-off) |  |  | (42,616,549 | ) |  |  | - |  |  |  | - |  |  |  | (42,616,549 | )
Changes in measument of financial assets |  |  | 121,749 |  |  |  | - |  |  |  | - |  |  |  | 121,749 |
Other adjustments |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
At December 31, 2023 |  |  | 4,536,025 |  |  |  | - |  |  |  | - |  |  |  | 4,536,025 |
|  | Stage 1 |  |  | Stage 2 |  |  | Stage 3 |  |  | TOTAL |
ECL at January 1, 2023 |  |  | 877 |  |  |  | - |  |  |  | - |  |  |  | 877 |
New financial assets purchased |  |  | 9,051 |  |  |  | - |  |  |  | - |  |  |  | 9,051 |
Transfers to stage 1 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 2 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 3 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Assets derecognised or matured (excluding write-off) |  |  | (9,174 | ) |  |  | - |  |  |  | - |  |  |  | (9,174 | )
Changes due to changes in credit risk |  |  | 33 |  |  |  | - |  |  |  | - |  |  |  | 33 |
Write-off |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Other adjustments |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
At December 31, 2023 |  |  | 787 |  |  |  | - |  |  |  | - |  |  |  | 787 |
The changes in the fair value and the corresponding ECL as of December 31, 2022 is as follows:
|  | Stage 1 |  |  | Stage 2 |  |  | Stage 3 |  |  | TOTAL |
Gross carrying amount at January 1, 2022 |  | 5,803,139 |  |  | - |  |  | - |  |  | 5,801,379 |
New financial assets purchased |  |  | 31,456,434 |  |  |  | - |  |  |  | - |  |  |  | 31,456,434 |
Transfers to stage 1 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 2 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 3 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Assets derecognised or matured (excluding write-off) |  |  | (31,248,163 | ) |  |  | - |  |  |  | - |  |  |  | (31,248,163 | )
Changes in measument of financial assets |  |  | (130,677 | ) |  |  | - |  |  |  | - |  |  |  | (128,917 | )
Other adjustments |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
At December 31, 2022 |  |  | 5,880,733 |  |  |  | - |  |  |  | - |  |  |  | 5,880,733 |
|  | Stage 1 |  |  | Stage 2 |  |  | Stage 3 |  |  | TOTAL |
ECL at January 1, 2022 |  |  | 703 |  |  |  | - |  |  |  | - |  |  |  | 703 |
New financial assets purchased |  |  | 5,627 |  |  |  | - |  |  |  | - |  |  |  | 5,627 |
Transfers to stage 1 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 2 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 3 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Assets derecognised or matured (excluding write-off) |  |  | (5,553 | ) |  |  | - |  |  |  | - |  |  |  | (5,553 | )
Changes due to changes in credit risk |  |  | 100 |  |  |  | - |  |  |  | - |  |  |  | 100 |
Write-off |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Other adjustments |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
At December 31, 2022 |  |  | 877 |  |  |  | - |  |  |  | - |  |  |  | 877 |
Gross profits and losses realized on the sale of available for sale investments as of December 31, 2023, 2022 and 2021 is as follows:
|  | As of December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Sale of debt financial instruments at FVOCI generating realized profits |  |  | 6,837,112 |  |  |  | 452,668 |  |  |  | 1,728,731 |
Realized profits |  |  | 392 |  |  |  | 121 |  |  |  | 28,131 |
Sale of debt financial instruments at FVOCI generating realized losses |  |  | 1,605,762 |  |  |  | 1,122,222 |  |  |  | 1,247,044 |
Realized losses |  |  | 134,485 |  |  |  | 22,195 |  |  |  | 4,944 |
The Bank evaluated those instruments with unrealized losses as of December 31, 2023 and 2022 and concluded they were not impaired. This review consisted of evaluating the economic reasons for any declines, the credit ratings of the securities’ issuers, and the Bank’s intention and ability to hold the securities until the unrealized loss is recovered. Based on this analysis, the Bank believes that there were no significant or prolonged declines nor changes in credit risk which would cause impairment in its investment portfolio, since most of the decline in fair value of these instruments was caused by market conditions which the Bank considers to be temporary. All of the instruments that have unrealized losses as of December 31, 2023 and 2022 were not in a continuing unrealized loss position for more than one year.
b. | Other financial instruments
The Bank classifies certain loans and account receivables at fair value through other comprehensive income (FVOCI), when a credit operation exceeds single client exposure under the Bank’s credit risk policy. Initially, the risk committee approves the full operation but with the condition to sell a portion of the loan in the medium term. Additionally, the Bank includes operations that expect to sell, for which an increase of the credit risk has been identified. This portfolio is measured at fair value, recognising the adjustment in other comprehensive income. The portfolio is assessed for impairment loss under the ECL model, same as loans at amortised cost. The changes in the gross carrying amount and the corresponding ECL allowance as of December 31, 2023, is as follows:
|  | Stage 1 |  |  | Stage 2 |  |  | Stage 3 |  |  | TOTAL |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Gross carrying amount at January 1, 2023 |  |  | 142,632 |  |  |  | - |  |  |  | - |  |  |  | 142,632 |
New financial assets originated |  |  | 85,533 |  |  |  |  |  |  |  |  |  |  |  | 85,533 |
Transfers to stage 1 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 2 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 3 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Assets derecognised or matured (excluding write-off) |  |  | (138,700 | ) |  |  | - |  |  |  | - |  |  |  | (138,700 | )
Changes in measument of financial assets |  |  | 15,916 |  |  |  | - |  |  |  | - |  |  |  | 15,916 |
Write-off |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Other adjustments |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
At December 31, 2023 |  |  | 105,381 |  |  |  | - |  |  |  | - |  |  |  | 105,381 |
|  | Stage 1 |  |  | Stage 2 |  |  | Stage 3 |  |  | TOTAL |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |
ECL allowance at January 1, 2023 |  |  | 326 |  |  |  | - |  |  |  | - |  |  |  | 326 |
New financial assets originated |  |  | 162 |  |  |  |  |  |  |  |  |  |  |  | 162 |
Transfers to stage 1 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 2 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 3 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Assets derecognised or matured (excluding write-off) |  |  | (313 | ) |  |  | - |  |  |  | - |  |  |  | (313 | )
Changes due to changes un credit risk |  |  | (50 | ) |  |  | - |  |  |  | - |  |  |  | (50 | )
Write-off |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Other adjustments |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
At December 31, 2023 |  |  | 125 |  |  |  | - |  |  |  | - |  |  |  | 125 |
The changes in the gross carrying amount and the corresponding ECL allowance as of December 31, 2022, is as follows:
|  | Stage1 |  |  | Stage2 |  |  | Stage3 |  |  | TOTAL |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Gross carrying amount at January 1, 2022 |  |  | 99,643 |  |  |  | - |  |  |  | - |  |  |  | 99,643 |
New financial assets originated |  |  | 72,745 |  |  |  |  |  |  |  |  |  |  |  | 72,745 |
Transfers to stage 1 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 2 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 3 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Assets derecognised or matured (excluding write-off) |  |  | (24,835 | ) |  |  | - |  |  |  | - |  |  |  | (24,835 | )
Changes in measument of financial assets |  |  | (4,921 | ) |  |  | - |  |  |  | - |  |  |  | (4,921 | )
Write-off |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Other adjustments |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
At December 31, 2022 |  |  | 142,632 |  |  |  | - |  |  |  | - |  |  |  | 142,632 |
|  | Stage 1 |  |  | Stage 2 |  |  | Stage 3 |  |  | TOTAL |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |
ECL allowance at January 1, 2022 |  |  | 268 |  |  |  | - |  |  |  | - |  |  |  | 268 |
New financial assets originated |  |  | 76 |  |  |  |  |  |  |  |  |  |  |  | 76 |
Transfers to stage 1 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 2 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Transfers to stage 3 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Assets derecognised or matured (excluding write-off) |  |  | (110 | ) |  |  | - |  |  |  | - |  |  |  | (110 | )
Changes due to changes un credit risk |  |  | 92 |  |  |  | - |  |  |  | - |  |  |  | 92 |
Write-off |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Other adjustments |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
At December 31, 2022 |  |  | 326 |  |  |  | - |  |  |  | - |  |  |  | 326 |
The following charts show debt instruments at fair value through other comprehensive income cumulative unrealized losses, as of December 31, 2023:
|  | Less than 12 months |  |  | More than 12 months |  |  | Total |
2023 |  | Amortised cost |  |  | Fair value |  |  | Unrealized profit |  |  | Unrealized loss |  |  | Amortised cost |  |  | Fair value |  |  | Unrealized profit |  |  | Unrealized loss |  |  | Amortised cost |  |  | Fair value |  |  | Unrealized profit |  |  | Unrealized loss |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Chilean Central Bank and Government securities |  |  |  |  |  |  |  |  |  |  |  |  |  | - |  |  | - |  |  | - |  |  | - |  |  |  |  |  |  |  |  |  |  |  |  |
Chilean Central Bank financial instruments |  |  | 2,286,208 |  |  |  | 2,286,541 |  |  |  | 417 |  |  |  | (84 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2,286,208 |  |  |  | 2,286,541 |  |  |  | 417 |  |  |  | (84 | )
Chilean Treasury bonds and notes |  |  | 801,738 |  |  |  | 737,705 |  |  |  | 24,466 |  |  |  | (88,499 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 801,738 |  |  |  | 737,705 |  |  |  | 24,466 |  |  |  | (88,499 | )
Other Chilean government financial instruments |  |  | 444 |  |  |  | 454 |  |  |  | 10 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 444 |  |  |  | 454 |  |  |  | 10 |  |  |  | - |
Subtotal |  |  | 3,088,390 |  |  |  | 3,024,700 |  |  |  | 24,893 |  |  |  | (88,583 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3,088,390 |  |  |  | 3,024,700 |  |  |  | 24,893 |  |  |  | (88,583 | )
Other Chilean debt financial securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chilean Bank debt financial instruments |  |  | 7,858 |  |  |  | 6,656 |  |  |  | 23 |  |  |  | (1,225 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 7,858 |  |  |  | 6,656 |  |  |  | 23 |  |  |  | (1,225 | )
Other Chilean financial instruments |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Subtotal |  |  | 7,858 |  |  |  | 6,656 |  |  |  | 23 |  |  |  | (1,225 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 7,858 |  |  |  | 6,656 |  |  |  | 23 |  |  |  | (1,225 | )
Foreign financial debt securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign Central Banks financial instruments |  |  | 1,264,768 |  |  |  | 1,238,866 |  |  |  | 18,330 |  |  |  | (44,232 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,268,492 |  |  |  | 1,238,866 |  |  |  | 14,606 |  |  |  | (44,232 | )
Other foreign debt financial instruments |  |  | 260,401 |  |  |  | 265,803 |  |  |  | 6,966 |  |  |  | (1,564 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 260,401 |  |  |  | 265,803 |  |  |  | 6,966 |  |  |  | (1,564 | )
Subtotal |  |  | 1,525,169 |  |  |  | 1,504,669 |  |  |  | 25,296 |  |  |  | (45,796 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,528,893 |  |  |  | 1,504,669 |  |  |  | 21,572 |  |  |  | (45,796 | )
Loans and account receivable from customer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial loans |  |  | 109,613 |  |  |  | 105,257 |  |  |  | - |  |  |  | (4,356 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 109,613 |  |  |  | 105,257 |  |  |  | - |  |  |  | (4,356 | )
Subtotal |  |  | 109,613 |  |  |  | 105,257 |  |  |  | - |  |  |  | (4,356 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 109,613 |  |  |  | 105,257 |  |  |  | - |  |  |  | (4,356 | )
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total |  |  | 4,731,030 |  |  |  | 4,641,282 |  |  |  | 50,212 |  |  |  | (139,960 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4,734,754 |  |  |  | 4,641,282 |  |  |  | 46,488 |  |  |  | (139,960 | )
The following charts show debt instruments at fair value through other comprehensive income cumulative unrealized losses, as of December 31, 2022:
|  | Less than 12 months |  |  | More than 12 months |  |  | Total |
2022 |  | Amortised cost |  |  | Fair value |  |  | Unrealized profit |  |  | Unrealized loss |  |  | Amortised cost |  |  | Fair value |  |  | Unrealized profit |  |  | Unrealized loss |  |  | Amortised cost |  |  | Fair value |  |  | Unrealized profit |  |  | Unrealized loss |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Chilean Central Bank and Government securities |  |  |  |  |  |  |  |  |  |  |  |  |  | - |  |  | - |  |  | - |  |  | - |  |  |  |  |  |  |  |  |  |  |  |  |
Chilean Central Bank financial instruments |  |  | 3,331,635 |  |  |  | 3,331,264 |  |  |  | 2,270 |  |  |  | (2,641 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3,331,635 |  |  |  | 3,331,264 |  |  |  | 2,270 |  |  |  | (2,641 | )
Chilean Treasury bonds and notes |  |  | 834,935 |  |  |  | 742,717 |  |  |  | 27 |  |  |  | (92,218 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 834,935 |  |  |  | 742,717 |  |  |  | 27 |  |  |  | (92,218 | )
Other Chilean government financial instruments |  |  | 407 |  |  |  | 432 |  |  |  | 25 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 407 |  |  |  | 432 |  |  |  | 25 |  |  |  | - |
Subtotal |  |  | 4,166,977 |  |  |  | 4,074,413 |  |  |  | 2,322 |  |  |  | (94,859 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4,166,977 |  |  |  | 4,074,413 |  |  |  | 2,322 |  |  |  | (94,859 | )
Other Chilean debt financial securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chilean Bank debt financial instruments |  |  | 10,082 |  |  |  | 9,891 |  |  |  | 17 |  |  |  | (207 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 10,082 |  |  |  | 9,891 |  |  |  | 17 |  |  |  | (207 | )
Other Chilean financial instruments |  |  | 6 |  |  |  | 7 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 6 |  |  |  | 7 |  |  |  | - |  |  |  | - |
Subtotal |  |  | 10,088 |  |  |  | 9,898 |  |  |  | 17 |  |  |  | (207 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 10,088 |  |  |  | 9,898 |  |  |  | 17 |  |  |  | (207 | )
Foreign financial debt securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign Central Banks financial instruments |  |  | 1,683,052 |  |  |  | 1,668,670 |  |  |  | 39,210 |  |  |  | (53,592 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,683,052 |  |  |  | 1,668,670 |  |  |  | 39,210 |  |  |  | (53,592 | )
Other foreign debt financial instruments |  |  | 116,351 |  |  |  | 127,752 |  |  |  | 11,401 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 116,351 |  |  |  | 127,752 |  |  |  | 11,401 |  |  |  | - |
Subtotal |  |  | 1,799,403 |  |  |  | 1,796,422 |  |  |  | 50,611 |  |  |  | (53,592 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,799,403 |  |  |  | 1,796,422 |  |  |  | 50,611 |  |  |  | (53,592 | )
Loans and account receivable from customer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial loans |  |  | 155,990 |  |  |  | 142,306 |  |  |  | - |  |  |  | (13,684 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 155,990 |  |  |  | 142,306 |  |  |  | - |  |  |  | (13,684 | )
Subtotal |  |  | 155,990 |  |  |  | 142,306 |  |  |  | - |  |  |  | (13,684 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 155,990 |  |  |  | 142,306 |  |  |  | - |  |  |  | (13,684 | )
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total |  |  | 6,132,458 |  |  |  | 6,023,039 |  |  |  | 52,950 |  |  |  | (162,342 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 6,132,458 |  |  |  | 6,023,039 |  |  |  | 52,950 |  |  |  | (162,342 | )

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