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Financial Liabilities at Amortised Cost (Tables)
 12 Months Ended
Dec. 31, 2023
Financial Liabilities At Amortised Cost Abstract  
Schedule of Time Deposits and Other Time Liabilities Foreign obligations
   As of December 31, 
   2023   2022 
   MCh$   MCh$ 
Deposits and other demand liabilities        
Checking accounts   11,014,748    11,711,969 
Demand accounts   500,723    630,807 
Other demand deposits   352,865    379,331 
Obligation related to payments cards provision   1,007    6,758 
Other demand liabilities   1,668,483    1,357,361 
Subtotal   13,537,826    14,086,226 
Time deposits and other time liabilities          
Time deposits   15,939,325    12,779,206 
Time savings account   189,757    191,257 
Other time liabilities   8,860    8,327 
Subtotal   16,137,942    12,978,790 
Obligations under repurchase agreements          
Operation with foreign banks   
-
    103,425 
Operation with other Chilean entities   282,584    211,930 
Subtotal   282,584    315,355 
Interbank borrowings          
Loans from chilean financial institutions   46,218    41,317 
Loans from foreign financial institutions   4,271,414    3,239,358 
Loans from Chilean Central Bank   6,048,867    5,584,090 
Subtotal   10,366,499    8,864,765 
Issue debt instruments          
Mortgage finance bonds   1,229    3,798 
Senior bonds   7,925,385    7,080,472 
Mortgage bond   74,431    81,623 
Subtotal   8,001,045    7,165,893 
Other financial liabilities          
Other domestic obligations   296,273    292,417 
Foreign obligations        578 
Subtotal   296,273    292,995 
           
Total   48,622,169    43,704,024 

 
Schedule of Obligations Related to Instruments Sold under Repurchase Agreements The Bank raises funds by selling financial instruments and committing itself to buy them back at future dates, plus interest at a predetermined rate. As of December 31, 2023 and 2022, obligations related to instruments sold under repurchase agreements are as follows:
   As of December 31, 
   2023   2022 
  

From 1 day
to less than

3 months

  

More
than
3 months and

less than

1 year

  

More
than

1 year

   Total  

From 1 day

to less than

3 months

  

More than
3 months and

less than

1 year

  

More
than

1 year

   Total 
   MCh$   MCh$   MCh$   MCh$   MCh$   MCh$   MCh$   MCh$ 
Chilean Central Bank and Government securities                    
Chilean Treasury bonds and notes   282,140    101    
    -
    282,511    186,691    109    
     -
    186,800 
Subtotal   282,140    101    
-
    282,511    186,691    109    
-
    186,800 
Other Chilean debt financial securities                                        
Chilean Bank debt financial instruments   73    
-
    
-
    73    84    
-
    
-
    84 
Subtotal   73    
-
    
-
    73    84    
-
    
-
    84 
Foreign financial debt securities                                        
Other foreign debt financial instruments   -    
-
    
-
    
-
    128,471    
-
    
-
    128,471 
Subtotal   -    
-
    
-
    
-
    128,471    
-
    
-
    128,471 
                                         
Total   282,483    101    
-
    282,584    315,246    109    
-
    315,355 

 
Schedule of Interbank Borrowings As of December 31, 2023 and 2022 the Interbank borrowings are as follows:
   As of December 31, 
   2023   2022 
   MCh$   MCh$ 
Loans from Chilean Central Bank  6,048,867   5,584,090 
Loans from chilean financial institutions  46,218   41,317 
Loans from foreign financial institutions        
State Bank Of India   693,430    100,653 
Wells Fargo Bank NA   497,833    42,479 
Sumitomo Mitsui Banking Corporation   451,646    42,524 
Citibank N.A.   378,760    - 
Bank of America   362,876    2,313,121 
Standard Chartered Bank Singapur   290,464    - 
The Bank Of New York Mellon   222,953    169,583 
International Finance Corporate   173,417    - 
Commerzbank Ag   170,966    25,349 
The Toronto Dominion Bank   136,525    - 
Barclays Bank Plc London   134,625    84,978 
Zurcher Kantonalbank   132,363    42,650 
Hong Kong and Shanghai Banking   125,736    2,521 
Banco Bilbao Vizcaya Argentaria   88,037    56 
Saudi National Bank   87,550    - 
Bank Of Baroda   70,521    - 
Bayerische Landesbank Ag Munic   70,242    - 
Bank Of Montreal   49,945    - 
Corporacion Andina De Fomento   44,674    - 
Banco Santander Singapur   22,318    19,633 
Standard Chartered Bank. New York   21,934    - 
Banco Santander Hong Kong   9,641    58,326 
Abanca Corporacion Bancaria S.A.   8,791    - 
Taishin International Bank Co.   8,740    - 
Standard Chartered Bank Hong kong   4,906    - 
Korea Exchange Bank   2,416    230 
Banco Santander Central Hispano   1,734    104 
Standard Chartered Bank   1,270    110,224 
   As of December 31, 
   2023   2022 
   MCh$   MCh$ 
Loans from foreign financial institutions, continued        
Bank Of China   1,264    2,540 
Agricultural Bank Of China   1,015    114 
Bank of Tokio Mitsubishi   443    1,164 
Komercni Banka A.S.   392    - 
Australian And New Zeland Banking Group Ltd.   354    - 
Hsbc Bank Plc   333    - 
China Construction Bank   298    102 
Banca Intesa S.P.A.   282    - 
Banco Do Brasil   281    67 
Wachovia Bank Na   266    11,410 
Bbva Bancomer   225    86 
Bangkok Bank Public Company Limited   219    - 
Hua Nan Commercial Bank   211    196 
China Merchants Bank   182    1,146 
Cassa Di Risparmio Di   174    - 
Icici Bank Limited   166    - 
Industrial And Commercial Bank   144    - 
E. Sun Commercial Bank Ltd. ,   121    - 
The Industrial And Commercial   121    - 
Banco De Sabadell, S.A.   107    - 
Bank Of Communications   71    - 
Turkiye Garanti Bankasi   70    70 
Rhb Bank Berhad   61    - 
Export-Import Bank Of Thailand   56    - 
Banco Rio De La Plata S.A.   50    - 
Bank Of India , Mumbai   47    - 
Finansbank A.S.   38    - 
Citic Industrial Bank   37    - 
Shinhan Bank   27    58 
Banco Bilbao Vizcaya Madrid   22    - 
Yapi Ve Kredi Bankasi A.S.   21    - 
Svenka Handelsbanken Estocolmo   3    - 
The Bank Of Nova Scotia   -    199,224 
Banco Santander Brasil   -    7,359 
Industrial Bank Of Korea   -    901 
Shanghai Pudong Development Bank   -    394 
Bank Of Taiwan   -    386 
Kbc Bank Nv   -    243 
Banca Nazionale Del Lavoro   -    233 
Unicredit   -    219 
Bbva Uruguay   -    198 
Bank For Foreign Trade Of Vietnam   -    181 
Intesa Sanpaolo   -    125 
Fortis Bank   -    110 
Credit Agricole Italia   -    90 
Caixabank   -    80 
Taiwan Cooperative Bank   -    73 
Banco Itau Bba S.A.   -    71 
Abn Amro Bank N.V.   -    36 
Kotak Mahindra Bank Limited   -    32 
Banco De Galicia Y Buenos Aires   -    19 
Subtotal   4,271,414    3,239,358 
Total   10,366,499    8,864,765 

 
Schedule of Loans from Chilean Central Bank by Maturity Amount The loans balances from the Chilean Central Bank by maturity are as follows:
   As of December 31, 
   2023   2022 
   MCh$   MCh$ 
Due within 1 year   6,048,867    
-
 
Due within 1 and 2 year   
-
    5,584,084 
Due within 2 and 3 year   
-
    
-
 
Due within 3 and 4 year   
-
    
-
 
Due after 5 years   
-
    
-
 
Total loans from Chilean Central Bank  6,048,867    5,584,084 
These obligations’ maturities are as follows:
   As of December 31, 
   2023   2022 
   MCh$   MCh$ 
Due within 1 year   46,218    41,318 
Due within 1 and 2 year   
-
    
-
 
Due within 2 and 3 year   
-
    
-
 
Due within 3 and 4 year   
-
    
-
 
Due after 5 years   
-
    
-
 
Total loans from Chilean financial institutions   46,218    41,318 
   As of December 31, 
   2023   2022 
   MCh$   MCh$ 
Due within 1 year   3,793,613    3,239,363 
Due within 1 and 2 year   304,384    
-
 
Due within 2 and 3 year   
-
    
-
 
Due within 3 and 4 year   173,417    
-
 
Due after 5 years   
-
    
-
 
Total loans from foreign financial institutions   4,271,414    3,239,363 

 
Schedule of Debts Classified Debts classified as current are either demand obligations or will mature in one year or less. All other debts are classified as non-current, The Bank’s debts, both current and non-current, are summarised below:
   As of December 31, 2023   As of December 31, 2022 
   Current   Non-current   Total   Current   Non-current   Total 
   MCh$   MCh$   MCh$   MCh$   MCh$   MCh$ 
Mortgage finance bonds   975    254    1,229    2,592    1,206    3,798 
Senior bonds   1,849,062    6,076,323    7,925,385    482,696    6,597,776    7,080,472 
Mortgage bond   
-
    74,431    74,431    7,108    74,515    81,623 
Issued debt instruments   

1,850,037

    6,151,008    8,001,045    492,396    6,673,497    7,165,893 
                               
Other financial liabilities   296,095    178    296,273    292,756    239    292,995 
                               
Total   1,822,096    6,475,222    8,297,318    785,152    6,673,736    7,458,888 
Schedule of Mortgage Finance Bonds These bonds are used to finance mortgage loans. Their principal amounts are amortised on a quarterly basis. The range of maturities of these bonds is between five and twenty years, Loans are indexed to UF and create a yearly interest yield of 5.23% as of December 31, 2023 (5.20% as of December 31, 2022).
   As of December 31, 
   2023   2022 
   MCh$   MCh$ 
Due within 1 year   975    2,592 
Due after 1 year but within 2 years   

254

    1,039 
Due after 2 year but within 3 years   
-
    167 
Due after 3 year but within 4 years   
-
    
-
 
Due after 4 year but within 5 years   
-
    
-
 
Due after 5 years   
-
    
-
 
Total mortgage bonds   1,229    3,798 
Schedule of Senior Bonds by Currency The following table shows senior bonds by currency:
   As of December 31, 
   2023   2022 
   MCh$   MCh$ 
Santander bonds in UF   3,632,979    3,510,708 
Santander bonds in USD   2,424,045    2,215,515 
Santander bonds in CHF   637,203    644,780 
Santander bonds in Ch$   619,386    223,467 
Santander bonds in AUD   116,515    122,611 
Current bonds in JPY   323,922    203,512 
Santander bonds in EUR   171,335    159,879 
Total senior bonds   7,925,385    7,080,472 

 
Schedule of Placement of Senior Bonds In 2023, the Bank issued bonds for UF 7,719,000, CLP 424,400,000,000, USD 30,000,000, and JPY 25,500,000,000, detailed as follows:
Series  Currency  Amount  

Term

(years)

  

Issuance rate

(% annual)

   Placement
date		  Series
Maximum
amount		  Maturity date
W3  UF   2,724,000    7.5    1.60   12-01-18  02-21-23  06-01-26
W5  UF   3,790,000    9    1.80   03-01-19  01-19-23  03-01-28
AA13  UF   1,205,000    6    3.40   09-01-23  11-23-23  09-01-29
Total UF      7,719,000                    
U7  CLP   3,000,000,000    5.5    7.00   03-01-22  02-24-23  09-01-27
T18  CLP   75,000,000,000    5.5    7.50   06-01-22  01-09-23  12-01-27
AA7  CLP   67,650,000,000    3.5    6.80   02-24-23  02-24-23  08-01-26
AA1  CLP   100,000,000,000    6.0    6.60   03-13-23  03-13-23  12-01-28
AA3  CLP   100,000,000,000    8.0    6.20   03-16-23  03-16-23  09-01-30
AA10  CLP   25,000,000,000    3.0    7.10   03-01-23  06-09-23  03-01-26
AA8  CLP   32,500,000,000    4.5    6.70   03-01-23  06-13-23  09-01-27
AA2  CLP   18,250,000,000    6.5    6.2   12-01-22  12-05-23  06-01-29
AA9  CLP   3,000,000,000    8.0    6.3   11-01-22  12-20-23  11-01-30
Total CLP      424,400,000,000                    
Bono USD  USD   30,000,000    1.0    5.84   04-12-23  04-19-23  04-19-24
Total USD      30,000,000                    
Bono JPY  JPY   10,500,000,000    1.0    0.60   04-24-23  04-28-23  04-28-24
Bono JPY  JPY   7,000,000,000    2.0    0.78   05-24-23  05-30-23  05-30-25
Bono JPY  JPY   8,000,000,000    2.0    0.78   10-20-23  10-27-23  10-27-25
Total JPY      25,500,000,000                    
Series  Currency  Amount  

Term

(years)

  

Issuance rate

(% annual)

   Placement
date		  Series
Maximum
amount		   Maturity date
T3  UF   5,000,000    11    1.55   06-16-22   5,000,000   01-01-30
W3  UF   2,116,000    7.5    1.60   06-30-22   2,116,000   06-01-26
W5  UF   1,210,000    9    1.80   06-30-22   1,210,000   03-01-28
U2  UF   3,000,000    11.5    2.8   07-28-22   3,000,000   06-01-32
U1  UF   3,000,000    7.5    2.5   08-09-22   3,000,000   06-01-29
T20  UF   5,000,000    11.5    2.65   10-24-22   5,000,000   02-01-34
W4  UF   8,000,000    10.5    2.65   12-09-22   8,000,000   12-01-33
W9  UF   2,000,000    9.5    2.70   07-27-22   2,000,000   06-01-31
Total      29,326,000                 29,326,000    
Bono USD  USD   30,000,000    3    Sofr + 95pb   04-28-22   30,000,000   04-28-25
Total      30,000,000                 30,000,000    
U6  CLP   64,800,000,000    5.5    2.95   06-16-22   64,800,000,000   04-01-26
U5  CLP   100,000,000,000    4.5    2.70   06-29-22   100,000,000,000   04-01-25
U6  CLP   35,200,000,000    5.5    2.95   10-21-22   35,200,000,000   04-01-26
U7  CLP   72,000,000,000    5.5    7   11-16-22   72,000,000,000   04-01-26
T17  CLP   75,000,000,000    10    7.5   11-22-22   75,000,000,000   08-01-32
Total      347,000,000,000                 347,000,000,000    
Bono JPY  JPY   3,000,000,000    3    0.65   09-15-2022   3,000,000,000   09-15-25
Total      3,000,000,000                 3,000,000,000    

 
Schedule of Repurchase of Senior Bondspartial Repurchase During 2023, the Bank repurchased the following bonds:
Date  Type  Currency  Amount 
01-13-23  Senior  UF   131,000 
01-19-23  Senior  UF   44,000 
01-13-23  Senior  UF   45,000 
04-26-23  Senior  UF   80,000 
04-28-23  Senior  UF   30,000 
05-02-23  Senior  CLP   91,000,000,000 
07-05-23  Senior  UF   50,000 
12-01-23  Senior  UF   73,000 
12-05-23  Senior  UF   1,000 
Date  Type  Currency  Amount 
01-07-2022  Senior  UF   1,065,000 
01-10-2022  Senior  UF   150,000 
02-03-2022  Senior  $   4,000,000,000 
02-04-2022  Senior  UF   785,000 
02-04-2022  Senior  UF   1,205,000 
02-17-2022  Senior  USD   4,156,000 
03-08-2022  Senior  UF   7,000 
03-09-2022  Senior  UF   5,000 
03-10-2022  Senior  UF   5,000 
03-14-2022  Senior  UF   5,000 
07-28-2022  Senior  UF   70,000 
07-29-2022  Senior  UF   9,000 
08-05-2022  Senior  UF   31,000 
09-07-2022  Senior  UF   602,000 
09-08-2022  Senior  UF   100,000 
09-12-2022  Senior  UF   377,000 
09-27-2022  Senior  UF   93,000 
09-28-2022  Senior  UF   414,000 
10-11-2022  Senior  UF   50,000 
10-12-2022  Senior  UF   43,000 
10-13-2022  Senior  UF   1,000 
10-19-2022  Senior  UF   64,000 
10-20-2022  Senior  UF   181,000 
10-27-2022  Senior  UF   50,000 
11-02-2022  Senior  UF   1,000 
11-07-2022  Senior  UF   2,000 
11-08-2022  Senior  UF   687,000 
11-09-2022  Senior  UF   165,000 
11-15-2022  Senior  UF   1,000 
11-17-2022  Senior  UF   100,000 
11-21-2022  Senior  UF   3,000 
11-23-2022  Senior  UF   400,000 
11-28-2022  Senior  UF   415,000 
12-01-2022  Senior  UF   1,052,000 
12-06-2022  Senior  UF   130,000 
12-13-2022  Senior  UF   348,000 
12-14-2022  Senior  UF   140,000 
12-15-2022  Senior  UF   104,000 
12-16-2022  Senior  UF   291,000 
12-19-2022  Senior  UF   97,000 
12-26-2022  Senior  UF   4,000 
12-28-2022  Senior  UF   60,000 

 
Schedule of Maturities of Senior Bonds The maturities of senior bonds are as follows:
    As of December 31,  
    2023     2022  
    MCh$     MCh$  
Due within 1 year     1,849,062       482,696  
Due after 1 year but within 2 years     1,577,424       1,185,935  
Due after 2 year but within 3 years     1,395,929       1,599,241  
Due after 3 year but within 4 years     559,331       1,282,436  
Due after 4 year but within 5 years     573,349       408,607  
Due after 5 years     1,970,290       2,121,557  
Total senior bonds     7,925,385       7,080,472  
Schedule of Mortgage Bonds per Currency Detail of mortgage bonds per currency is as follows:
   As of December 31, 
   2023   2022 
   MCh$   MCh$ 
Mortgage bonds in UF   74,431    81,623 
Total mortgage bonds   74,431    81,623 
Schedule of Mortgage Fnance Bonds The maturities of Mortgage bonds are as follows
   As of December 31, 
   2023   2022 
   MCh$   MCh$ 
Due within 1 year   
-
    7,108 
Due after 1 year but within 2 years   13,997    11,411 
Due after 2 year but within 3 years   14,398    11,779 
Due after 3 year but within 4 years   14,812    12,159 
Due after 4 year but within 5 years   15,240    12,551 
Due after 5 years   15,984    26,615 
Total Mortgage bonds   74,431    81,623