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Regulatory Capital Financial Instruments
 12 Months Ended
Dec. 31, 2023
Regulatory Capital Financial Instruments [Abstract]  
REGULATORY CAPITAL FINANCIAL INSTRUMENTS

NOTE 18 - REGULATORY CAPITAL FINANCIAL INSTRUMENTS

 

d.Other financial liabilities

 

The composition of other financial obligations, by maturity, is detailed below:

 

   As of December 31, 
   2023   2022 
   MCh$   MCh$ 
Non-current portion        
Due after 1 year but within 2 years   78    68 
Due after 2 year but within 3 years   86    74 
Due after 3 year but within 4 years   14    84 
Due after 4 year but within 5 years   
-
    13 
Due after 5 years   
-
    
-
 
Non-current portion subtotal   178    239 
Current portion          
Amounts due to credit card operators   171,529    186,237 
Acceptance of letters of credit   
-
    110 
Other long-term financial obligations, short-term portion   124,566    106,409 
Current portion subtotal   296,095    292,756 
           
Total other financial liabilities   296,273    292,995 

 

As of December 31, 2023 and 2022, the Bank’s subordinated bonds classified as current and non-current are summarised below:

 

   As of December 31, 
   2023   2022 
   MCh$   MCh$ 
Current portion   
-
    
-
 
Non- current portion   1,813,938    1,733,869 
Total subordinated bonds   1,813,938    1,733,869 

 

Detail of the subordinated bonds per currency is as follows:

 

   As of December 31, 
   2023   2022 
   MCh$   MCh$ 
Subordinated bonds denominated in USD   175,234    169,835 
Subordinated bonds denominated in UF   1,638,705    1,564,034 
Total subordinated bonds   1,813,939    1,733,869 

 

i.Placement of subordinated bonds

 

   Currency  Placement amount   Interest
rate		   Plazo de emisión  Placement
date		  Maturity
date
USTDW70320  UF   3,300,000    3.51%  6 years  01-07-2022  09-01-2028

 

During 2021, the Bank did not place any subordinated bonds.

 

ii.The Maturities of subordinated bonds

 

   As of December 31, 
   2023   2022 
   MCh$   MCh$ 
Due within 1 year   
-
    
-
 
Due after 1 year but within 2 years   
-
    
-
 
Due after 2 year but within 3 years   188,869    
-
 
Due after 3 year but within 4 years   
-
    175,800 
Due after 4 year but within 5 years   110,296    
-
 
Due after 5 years   1,514,774    1,558,069 
Total subordinated bonds   1,813,939    1,733,869 

 

iii.Balances of subordinated bonds

 

   As of December 31, 
   2023   2022 
   MCh$   MCh$ 
Balances as of January 1,   1,733,869    1,461,637 
New issues/placements   
-
    101,503 
Accrued interest at effective interés rate   3,947    6,563 
Readjustments accrued by UF or exchange rate   70,550    172,941 
Others   5,572    (8,775)
Balances as of December 31,   1,813,939    1,733,869