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Interest and Inflation Income

12 Months Ended

Dec. 31, 2023

Interest and Inflation Income [Abstract]

NOTE 25 - INTEREST AND INFLATION INCOME

This item refers to interest earned in the period from the financial assets whose return, whether implicitly or explicitly, is determined by applying the effective interest rate method, regardless of the value at fair value, as well as the effect of hedge accounting.

For the years ended December 31, 2023, 2022 and 2021 the income from interest, was attributable to the following items:

	For the years ended December 31,
	2023								2022								2021
	Interest		Inflation adjustments			Total			Interest		Inflation adjustments			Total			Interest		Inflation adjustments			Total
Items	MCh$		MCh$			MCh$			MCh$		MCh$			MCh$			MCh$		MCh$			MCh$
Financial assets at amortised cost
Resale agreements		70		-			70			1,063		-			1,063			190		-			190
Debt financial instruments		120,363		78,200			198,563			62,876		195,082			257,958			15,078		103,164			118,242
Interbank loans		579		-			579			925					925			429		-			429
Commercial loans		1,287,677		291,578			1,579,255			954,978		825,146			1,780,124			662,170		404,803			1,066,973
Mortgage loans		527,305		759,963			1,287,268			412,741		1,818,172			2,230,913			337,669		838,851			1,176,520
Consumer loans		786,879		240			787,119			629,770		1,090			630,860			475,133		559			475,692
Other interest income		182,025		4,739			186,764			78,192		8,242			86,434			5,808		8,629			14,437
Subtotal		2,904,898		1,134,720			4,039,618			2,140,545		2,847,732			4,988,277			1,496,477		1,356,006			2,852,483
Financial asset at fair value through other comprehensive income
Debt financial instruments		413,690		14,851			428,541			270,026		43,104			313,130			87,311		7,346			94,657
Other financial instruments		7,200		542			7,742			1,705		1,643			3,348			3,056		1,160			4,216
Subtotal		420,890		15,393			436,193			271,731		44,747			316,478			90,367		8,506			98,873
Hedging accounting		546,785		(618,695	)		(71,910	)		437,899		(1,655,998	)		(1,218,099	)		30,953		(77,789	)		(46,836	)
TOTAL		3,872,573		531,418			4,403,911			2,850,175		1,236,481			4,086,656			1,617,797		1,286,723			2,904,520

For the years ended December 31, 2023, 2022 and 2021, the Bank’s expenses classified as interest expense are as follows:

	For the years ended December 31,
	2023							2022							2021
	Interest		Inflation adjustments			Total		Interest		Inflation adjustments			Total		Interest			Inflation adjustments		Total
Items	MCh$		MCh$			MCh$		MCh$		MCh$			MCh$		MCh$			MCh$		MCh$
Financial liabilities at amortised cost
Demand deposits		12,228		4,364			16,592		13,623		12,023			25,646		14,533			4,938		19,471
Time deposits and liabilities		1,221,707		59,873			1,281,580		759,511		119,613			879,124		88,949			20,451		109,400
Repurchase agreements		47,267		-			47,267		15,774		-			15,774		839			-		839
Interbank loans		235,583		-			235,583		98,357		-			98,357		43,692			-		43,692
Issued debt instruments		231,211		185,870			417,081		174,707		448,103			622,810		133,583			228,153		361,736
Other financial liabilities		51,349		18,731			70,080		26,430		39,934			66,364		3,382			33,026		36,408
Subtotal		1,799,345		268,838			2,068,183		1,088,402		619,673			1,708,075		284,978			286,568		571,546
Lease contracts		3,601		-			3,601		2,862		-			2,862		2,283			-		2,283
Regulatory capital financial instruments		64,937		70,550			135,487		66,728		172,949			239,677		54,311			74,325		128,636
Others equity instruments		28,389		-			28,389		28,234		-			28,234		4,995			-		4,995
Hedging accounting		1,262,206		(186,924	)		1,075,282		1,089,816		(552,120	)		537,696		(539,680	)		941,966		402,286
TOTAL		3,158,478		152,464			3,310,942		2,276,042		240,502			2,516,544		(193,113	)		1,302,859		1,109,746