XML 75 R48.htm IDEA: XBRL DOCUMENT v3.24.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2023
Summary of Significant Accounting Policies [Abstract]  
Schedule of Subsidiaries Entities controlled by the Bank through participation in equity
         Percent ownership share
As of December 31,
 
      Place of  2023   2022   2021 
     Incorporation  Direct   Indirect   Total   Direct   Indirect   Total   Direct   Indirect   Total 
Name of the Subsidiary  Main Activity  and operation  %   %   %   %   %   %   %   %   % 
Santander Corredora de Seguros Limitada  Insurance brokerage  Santiago, Chile   99.75    0.01    99.76    99.75    0.01    99.76    99.75    0.01    99.76 
Santander Corredores de Bolsa Limitada  Financial instruments brokerage  Santiago, Chile   50.59    0.41    51.00    50.59    0.41    51.00    50.59    0.41    51.00 
Santander Asesorias Financieras Limitada  Securities brokerage  Santiago, Chile   99.03    -    99.03    99.03    -    99.03    99.03    -    99.03 
Santander S.A. Sociedad Securitizadora  Purchase of credits and issuance of debt instruments  Santiago, Chile   99.64    -    99.64    99.64    -    99.64    99.64    -    99.64 
Klare Corredora de Seguros S.A.  Insurance brokerage  Santiago, Chile   50.10    -    50.10    50.10    -    50.10    50.10    -    50.10 
Santander Consumer Chile S.A.  Financing  Santiago, Chile   51.00    -    51.00    51.00    -    51.00    51.00    -    51.00 
Sociedad operadora de Tarjetas de Pago Santander Getnet Chile S.A. (1)  Card operator  Santiago, Chile   99.99    0.01    100.00    99.99    0.01    100.00    99.99    0.01    100.00 
Schedule of Associates The following companies are considered “Associates” in which the Bank accounts for its participation using the equity method:
         Percentage of ownership share 
      Place of  As of December 31, 
      Incorporation  2023   2022   2021 
Associates  Main activity  and operation  %   %   % 
Redbanc S.A.  ATM services  Santiago, Chile   33.43    33.43    33.43 
Transbank S.A.  Debit and credit card services  Santiago, Chile   25.00    25.00    25.00 
Centro de Compensación Automatizado S.A.  Electronic fund transfer and compensation services  Santiago, Chile   33.33    33.33    33.33 
Sociedad Interbancaria de Depósito de Valores S.A.  Delivery of securities on public offer  Santiago, Chile   29.29    29.29    29.29 
Cámara Compensación de Pagos de Alto Valor S.A.  Payments clearing  Santiago, Chile   15.00    15.00    15.00 
Administrador Financiero del Transantiago S.A.  Administration of boarding passes to public transportation  Santiago, Chile   20.00    20.00    20.00 
Servicios de Infraestructura de Mercado OTC S.A.  Administration of the infrastructure for the financial market of derivative instruments  Santiago, Chile   12.48    12.48    12.48 
Schedule of Useful Lives for Tangible Assets The Bank applies the following useful lives for the tangible assets that comprise its assets:
ITEM  Useful life
(Months)
 
Land   
-
 
Paintings and works of art   
-
 
Carpets and curtains   36 
Computers and hardware   36 
Vehicles   36 
IT systems and software   36 
ATMs   60 
Other machines and equipment   60 
Office furniture   60 
Telephone and communication systems   60 
Security systems   60 
Rights over telephone lines   60 
Air conditioning systems   84 
Other installations   120 
Buildings   
1,200
 
Schedule of Loan and Accounts Receivable Write-Offs Loan and accounts receivable write-offs are recorded for overdue and current installments based on the time periods expired since reaching overdue status, as described below:
Type of loan  Term
Consumer loans with or without collateral  6 months
Other transactions without collateral  24 months
Commercial loans with collateral  36 months
Mortgage loans  48 months
Consumer leasing  6 months
Other non-mortgage leasing transactions  12 months
Mortgage leasing (household and business)  36 months