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Consolidated Statements of Income - CLP ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
OPERATING INCOME      
Interest income and inflation $ 4,403,991 $ 4,086,656 $ 2,904,520
Interest expense and inflation (3,310,942) (2,516,544) (1,109,746)
Net interest income 1,093,049 1,570,112 1,794,774
Fee and commission income 848,513 729,063 595,181
Fee and commission expense (345,873) (321,794) (245,853)
Net fee and commission income 502,640 407,269 349,328
Net income from financial operations:      
Net income/(expense) from financial assets and liabilities for trading 91,761 78,191 (28,602)
Net income from derecognising financial assets and liabilities at amortised cost and financial assets at fair value through other comprehensive income (120,934) (1,628) 22,199
Net income from exchange, adjustment and hedge accounting of foreign exchange 331,628 140,615 125,431
Net income from financial operations 302,455 217,178 119,028
Income from investments in associates and other companies 8,763 10,310 (475)
Net income from non-current assets and groups available for sale not admissible as discontinued operations 13,154 8,518 2,297
Other operating income 3,807 5,539 1,662
TOTAL OPERATING INCOME 1,923,868 2,218,926 2,266,614
Personnel salaries and expenses (412,275) (414,808) (397,675)
Administrative expenses (320,111) (310,219) (280,134)
Depreciation and amortisation (143,762) (129,993) (122,055)
Impairment of non-financial assets (1,912)
Other operating expenses (31,638) (106,306) (101,430)
TOTAL OPERATING EXPENSES (909,698) (961,326) (901,294)
NET OPERATING INCOME BEFORE CREDIT LOSSES 1,014,170 1,257,600 1,365,320
Provisions for loan losses for interbank loans and account receivable from customers (453,458) (441,396) (355,638)
Provisions for loan losses for contingent loans and others 24,363 (5,189) (12,254)
Recovery of loans previously charged-off 107,069 90,577 76,999
Provision for loan losses for other financial assets at amortised cost and financial assets at fair value through OCI (759) (486) (335)
Provision for loan losses (322,785) (356,494) (291,228)
NET OPERATING INCOME BEFORE INCOME TAX 691,385 901,106 1,074,092
Income tax expense (97,548) (93,624) (221,664)
Result of continuing operations 593,837 807,482 852,428
Result of discontinued operations
NET INCOME FOR THE YEAR 593,837 807,482 852,428
Attributable to:      
Shareholders of the Bank 579,427 792,276 842,467
Non-controlling interest $ 14,410 $ 15,206 $ 9,961
Earnings per share from continued operations attributable to shareholders of the Bank:      
Basic earnings (in Pesos per share) $ 3.075 $ 4.204 $ 4.471
Diluted earnings (in Pesos per share) 3.075 4.204 4.471
Earnings per share attributable to shareholders of the Bank:      
Basic earnings (in Pesos per share) 3.075 4.204 4.471
Diluted earnings (in Pesos per share) $ 3.075 $ 4.204 $ 4.471