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Investments in Associates and Other Companies (Tables) | 12 Months Ended
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Dec. 31, 2023
Investments in Associates and Other Companies [Abstract] |
Schedule of Investments in Associates and Other | Investments in associates and other companies are shown in the following table:
|  | Ownership interest As of December 31, |  | Carrying value As of December 31, |  | Profit and loss As of December 31,
|  | 2023 % |  | 2022 % |  | 2021 % |  | 2023 MCh$ |  | 2022 MCh$ |  | 2021 MCh$ |  | 2023 MCh$ |  | 2022 MCh$ |  | 2021 MCh$
Redbanc S.A. (*) |  |  | 33.43 |  |  |  | 33.43 |  |  |  | 33.43 |  |  |  | 4,168 |  |  |  | 3,800 |  |  |  | 3,321 |  |  |  | 255 |  |  |  | 572 |  |  |  | 472 |
Transbank S.A. (*) |  |  | 25.00 |  |  |  | 25.00 |  |  |  | 25.00 |  |  |  | 32,736 |  |  |  | 27,732 |  |  |  | 21,288 |  |  |  | 5,007 |  |  |  | 6,508 |  |  |  | (3,046 | )
Centro de Compensación Automatizado S.A. |  |  | 33.33 |  |  |  | 33.33 |  |  |  | 33.33 |  |  |  | 4,863 |  |  |  | 5,172 |  |  |  | 3,664 |  |  |  | 1,689 |  |  |  | 1,567 |  |  |  | 876 |
Sociedad Interbancaria de Depósito de Valores S.A. |  |  | 29.29 |  |  |  | 29.29 |  |  |  | 29.29 |  |  |  | 2,615 |  |  |  | 1,949 |  |  |  | 1,769 |  |  |  | 505 |  |  |  | 442 |  |  |  | 344 |
Cámara de Compensación de Alto Valor S.A. |  |  | 15.00 |  |  |  | 15.00 |  |  |  | 15.00 |  |  |  | 1,199 |  |  |  | 1,110 |  |  |  | 1,008 |  |  |  | 88 |  |  |  | 140 |  |  |  | 58 |
Administrador Financiero del Transantiago S.A. |  |  | 20.00 |  |  |  | 20.00 |  |  |  | 20.00 |  |  |  | 4,285 |  |  |  | 3,169 |  |  |  | 3,134 |  |  |  | 726 |  |  |  | 804 |  |  |  | 437 |
Servicios de Infraestructura de Mercado OTC S.A. |  |  | 12.48 |  |  |  | 12.48 |  |  |  | 12.48 |  |  |  | 1,824 |  |  |  | 1,682 |  |  |  | 1,561 |  |  |  | 134 |  |  |  | 109 |  |  |  | 33 |
Subtotal |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 51,690 |  |  |  | 44,614 |  |  |  | 35,745 |  |  |  | 8,404 |  |  |  | 10,142 |  |  |  | (826 | )
Shares or rights in other companies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bladex |  |  |  |  |  |  |  |  |  |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  |  |  |  |  | - |  |  |  | 188 |
Stock Exchanges |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,575 |  |  |  | 1,964 |  |  |  | 1,941 |  |  |  | 349 |  |  |  | 168 |  |  |  | 163 |
Others |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 19 |  |  |  | 8 |  |  |  | 8 |  |  |  | 10 |  |  |  | - |  |  |  | - |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 55,284 |  |  |  | 46,586 |  |  |  | 37,694 |  |  |  | 8,763 |  |  |  | 10,310 |  |  |  | (475 | )
| (*) | In December 2021, the Bank reclassified its participation in Redbanc S.A. and Transbank S.A. as Investment in associates, after its prior decision to classify them as “Non-current assets held for sale and discontinued operations”, due to lack of buyers. See Note 1 v) and Note 39.
Schedule of Fair Value of these Equity Investments | The fair value of these equity investments is as follows:
|  | December 31,
|  | 2023 |  | 2022
|  | MCh$ |  | MCh$
Stock exchange |  |  | 3,575 |  |  |  | 1,964 |
Others |  |  | 19 |  |  |  | 8 |
Total |  |  | 3,594 |  |  |  | 1,972 |
Schedule of Financial Information of Associates | Summary of financial information of associates as of and for the years ended December 31, 2023, 2022 and 2021:
|  | As of December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
|  | Assets |  |  | Liabilities |  |  | Equity |  |  | Net income |  |  | Assets |  |  | Liabilities |  |  | Equity |  |  | Net income |  |  | Assets |  |  | Liabilities |  |  | Equity |  |  | Net income |
|  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |  |  | MCh$ |
Redbanc S.A. |  |  | 27,330 |  |  |  | 14,862 |  |  |  | 11,712 |  |  |  | 756 |  |  |  | 30,518 |  |  |  | 19,150 |  |  |  | 9,657 |  |  |  | 1,711 |  |  |  | 28,410 |  |  |  | 18,475 |  |  |  | 8,522 |  |  |  | 1,413 |
Transbank S.A. |  |  | 1,409,045 |  |  |  | 1,278,102 |  |  |  | 111,143 |  |  |  | 19,800 |  |  |  | 14,982,071 |  |  |  | 13,872,786 |  |  |  | 848,977 |  |  |  | 260,308 |  |  |  | 1,317,587 |  |  |  | 1,232,689 |  |  |  | 97,337 |  |  |  | (12,439 | )
Centro de Compensación Automatizado S.A. |  |  | 17,362 |  |  |  | 3,280 |  |  |  | 9,024 |  |  |  | 5,058 |  |  |  | 19,342 |  |  |  | 4,295 |  |  |  | 10,345 |  |  |  | 4,702 |  |  |  | 13,247 |  |  |  | 2,519 |  |  |  | 8,100 |  |  |  | 2,628 |
Sociedad Interbancaria de Depósito de Valores S.A. |  |  | 8,389 |  |  |  | - |  |  |  | 7,205 |  |  |  | 1,184 |  |  |  | 7,717 |  |  |  | 463 |  |  |  | 5,746 |  |  |  | 1,508 |  |  |  | 6,676 |  |  |  | 358 |  |  |  | 5,143 |  |  |  | 1,175 |
Cámara de Compensación de Alto Valor S.A. |  |  | 9,167 |  |  |  | 1,343 |  |  |  | 7,252 |  |  |  | 572 |  |  |  | 8,357 |  |  |  | 1,004 |  |  |  | 6,423 |  |  |  | 930 |  |  |  | 7,569 |  |  |  | 931 |  |  |  | 6,246 |  |  |  | 392 |
Administrador Financiero del Transantiago S.A. |  |  | 67,582 |  |  |  | 47,241 |  |  |  | 16,725 |  |  |  | 3,616 |  |  |  | 60,738 |  |  |  | 40,113 |  |  |  | 16,604 |  |  |  | 4,021 |  |  |  | 54,437 |  |  |  | 35,279 |  |  |  | 17,233 |  |  |  | 1,925 |
Servicios de Infraestructura de Mercado OTC S.A. |  |  | 32,888 |  |  |  | 18,578 |  |  |  | 13,250 |  |  |  | 1,060 |  |  |  | 16,631 |  |  |  | 3,418 |  |  |  | 13,210 |  |  |  | 3 |  |  |  | 35,640 |  |  |  | 23,023 |  |  |  | 12,246 |  |  |  | 371 |
Total |  |  | 1,571,763 |  |  |  | 1,363,406 |  |  |  | 176,311 |  |  |  | 32,046 |  |  |  | 15,125,374 |  |  |  | 13,941,229 |  |  |  | 910,962 |  |  |  | 273,183 |  |  |  | 1,463,566 |  |  |  | 1,313,274 |  |  |  | 154,827 |  |  |  | (4,535 | )
Schedule of Activity with Respect to Investments in Other Companies | Activity with respect to investments in other companies in 2023, 2023 and 2022 is as follows:
|  | As of December 31,
|  | 2023 |  | 2022 |  | 2021
|  | MCh$ |  | MCh$ |  | MCh$
Opening balance as of January 1, |  |  | 46,586 |  |  |  | 37,694 |  |  |  | 12,987 |
Acquisition of investments |  |  | - |  |  |  | - |  |  |  | 27,233 |
Sale of investments |  |  | - |  |  |  | - |  |  |  | (136 | )
Participation in income |  |  | 8,404 |  |  |  | 10,310 |  |  |  | (475 | )
Dividends received |  |  | (2,944 | ) |  |  | 526 |  |  |  | 506 |
Other adjustments |  |  | 3,238 |  |  |  | (1,944 | ) |  |  | (2,421 | )
Closing balances as of December 31, |  |  | 55,284 |  |  |  | 46,586 |  |  |  | 37,694 |

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