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Provisions and Contingent Provisions (Tables)
12 Months Ended
Dec. 31, 2023
Provisions and Contingent Provisions [Abstract]  
Schedule of Provisions Composition As of December 31, 2023 and 2022, the composition is as follows:
   As of December 31, 
   2023   2022 
   MCh$   MCh$ 
         
Provisions for personnel salaries and expenses   81,907    99,424 
Provisions for lawsuits and litigations   4,504    5,533 
Provision for loyalty programmes   38    38 
Provision for operational risks   2,993    5,149 
Provision for other contingencies   19,391    63,232 
Provisions for mandatory dividends   148,921    237,683 
Provision for interest of perpetual bonds   5,112    4,966 
Provisions for contingent loan   21,105    44,997 
Total   283,971    461,022 
Schedule of Activity Regarding Provisions Below is the activity regarding provisions during the years ended December 31, 2023, 2022 and 2021:
    Personnel
salaries
and expenses
    Lawsuit and litigations     Loyalty programme     Operational risks     Contingencies     Mandatory Dividend     Interest of
perpetual bonds
    Contingent loan     Total  
    MCh$     MCh$     MCh$     MCh$     MCh$     MCh$     MCh$     MCh$     MCh$  
Balances as of January 1, 2023     99,424       5,533       38       5,149       63,232       237,683       4,966       44,997       461,022  
Provisions established     72,090       556      
 
      1,254       2,133       148,921       15,157       67,403       307,514  
Application of provisions     (72,840 )     (1,585 )    
 
      (3,410 )     (45,974 )     (237,683 )     (15,011 )    
 
      (376,503 )
Provisions released     (15,474 )    
-
     
-
     
-
     
-
     
-
     
-
      (91,269 )     (106,743 )
Other     (1,293 )    
-
     
-
     
-
     
-
     
-
     
-
      (26 )     (1,319 )
Balances as of December 31, 2023     81,907       4,504       38       2,993       19,391       148,921       5,112       21,105       283,971  
Balances as of January 1, 2022     109,001       3,035       38       1,578       52,205       252,740       4,995       40,357       463,949  
Provisions established     121,779       2,963      
-
      4,053       24,365       237,683       30,523       110,211       531,577  
Application of provisions     (132,340 )     (465 )    
-
      (482 )     (13,338 )     (252,740 )     (30,552 )    
-
      (429,917 )
Provisions released     (1,748 )    
-
     
-
     
-
      -       -      
-
      (105,687 )     (107,435 )
Other     2,732      
-
     
-
     
-
     
-
     
-
     
-
      116       2,848  
Balances as of December 31, 2022     99,424       5,533       38       5,149       63,232       237,683       4,966       44,997       461,022  
Balances as of January 1, 2021     102,958       2,411       38      
-
      32,726       164,284      
-
      28,247       330,664  
Provisions established     90,363       624       -       1,578       30,413       252,740       4,995       73,201       453,914  
Application of provisions     (80,768 )     -      
-
     
-
     
-
     
-
     
-
     
-
      (80,768 )
Provisions released     (1,836 )    
-
     
-
     
-
      (10,934 )     (164,284 )    
-
      (63,654 )     (240,708 )
Other     (1,716 )    
-
     
-
     
-
     
-
     
-
     
-
      2,563       847  
Balances as of December 31, 2021     109,001       3,035       38       1,578       52,205       252,740       4,995       40,357       463,949  

 

Schedule of Provisions for Personnel Salaries and Expenses Provisions for personnel salaries and expenses includes:
   As of December 31, 
   2023   2022 
   MCh$   MCh$ 
Provision for short-term benefits   79,829    97,866 
Provision for long-term benefits   1,450    926 
Provision for senioruty compensation   585    601 
Provision for other personnel benefits   43    31 
Total   81,907    99,424 
Schedule of Provisions for Contingent Loan Risk An analysis of changes in the corresponding ECL allowance as of December 31, 2023 and 2022 is as follows:
   December 31, 2023 
   Stage 1   Stage 2   Stage 3   TOTAL 
ECL allowance at January 1, 2023  26,316   8,789   9,892   44,997 
Transfer                
Transfers from stage 1 to stage 2   (2,645)   5,559    
-
    2,914 
Transfers from stage 1 to stage 3   (142)   
-
    1,241    1,099 
Transfers from stage 2 to stage 3   
-
    (2,471)   7,507    5,036 
Transfers from stage 2 to stage 1   1,858    (9,253)   
-
    (7,395)
Transfers from stage 3 to stage 2   
-
    2,187    (5,044)   (2,857)
Transfers from stage 3 to stage 1   3    
-
    (213)   (210)
Net changes of the exposure and modifications in credit risk   (14,442)   (1,389)   (6,647)   (22,478)
Write-off   
-
    
-
    
-
    
-
 
Other adjustments   1    (2)   
-
    (1)
At December 31, 2023   10,949    3,420    6,736    21,105 
   December 31, 2022 
   Stage 1   Stage 2   Stage 3   TOTAL 
ECL allowance at January 1, 2022  23,029   9,599   7,729   40,357 
Transfer                
Transfers from stage 1 to stage 2   (1,585)   4,719    
-
    3,134 
Transfers from stage 1 to stage 3   (143)   
-
    2,846    2,703 
Transfers from stage 2 to stage 3   
-
    (1,860)   6,124    4,264 
Transfers from stage 2 to stage 1   1,832    (7,467)   
-
    (5,635)
Transfers from stage 3 to stage 2   
-
    3,762    (2,926)   836 
Transfers from stage 3 to stage 1   1    
-
    (78)   (77)
Net changes of the exposure and modifications in credit risk   2,998    35    (3,801)   (768)
Write-off   
-
    
-
    
-
    
-
 
Other adjustments   184    1    -2    183 
At December 31, 2022   26,316    8,789    9,892    44,997