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Investments in Associates and Other Companies (Tables)

12 Months Ended

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