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Fees and Commissions (Tables)
 12 Months Ended
Dec. 31, 2023
Fees and Commissions [Abstract]  
Schedule of Fees and Commission Income This item includes the amount of fees earned and paid during the year, except for those which are an integral part of the financial instrument’s effective interest rate:
   For the years ended December 31,
Fee and commission income  2023  2022  2021
   MCh$  MCh$  MCh$
Fees and commissions for prepayments   14,151    11,348    16,266 
Fees and commissions of loans with credit lines   2,900    233    311 
Fees and commissions for lines of credits and overdrafts   2,820    8,766    7,602 
Fees and commissions for guarantees and letters of credit   34,462    35,935    39,010 
Fees and commissions for card services   422,737    352,448    273,641 
Fees and commissions for management of accounts   59,538    52,226    39,581 
Fees and commissions for collections and payments   60,912    54,060    26,871 
Fees and commissions for intermediation and management of securities   9,487    10,019    10,750 
Insurance brokerage fees   61,511    52,568    43,898 
Fees and commissions for factoring operations services   1,249    1,829    1,223 
Fees and commissions for securitizations   
-
    45    29 
Fees and commissions for financial advice   15,422    9,362    14,332 
Office banking   21,495    21,771    17,823 
Fees for other services rendered   60,823    56,543    49,178 
Other fees earned   81,006    61,910    54,666 
Total   848,513    729,063    595,181 
   For the years ended December 31,
Fee and commission expense  2023  2022  2021
   MCh$  MCh$  MCh$
Compensation for card operation   127,284    105,695    76,418 
Commissions for licence for use brands   6,076    7,360    5,570 
Commissions for services linked to the credit card and prepaid cards   10,943    11,458    10,083 
Commissions for obligations of loyalty programmes and merits for card customers   95,542    95,946    81,734 
Fees and commissions for securities transactions   9,115    8,551    8,001 
Office banking   2,859    2,382    2,115 
Interbank services   61,136    47,428    34,143 
Other fees   32,916    42,974    27,789 
Total   345,873    321,794    245,853 
                
Net fees and commissions income   502,640    407,269    349,328 

 
Schedule of Income and Expenses The income and expenses for the commissions of the business segments and the calendar for the recognition of income from ordinary activities as of December 31, 2023 are presented below:
   Segments 

Revenue recognition calendar

for ordinary activities

As of December 31, 2023

  Individuals and PYMEs  Companies and Institutions  Global Investment Banking  Others 

 

Total

 

 

Transferred over time

 

Transferred at a point
in time

 

 

Accrual model

   MCh$  MCh$  MCh$  MCh$  MCh$  MCh$  MCh$  MCh$
Commission income                        
Commissions for prepayments   11,723    2,052    123    253    14,151    
 -
    14,151    
-
 
Commissions of loans with credit lines   2,887    10    
-
    3    2,900    
-
    2,900    
-
 
Commissions for lines of credits and overdrafts   1,742    (568)   1,667    (21)   2,820    2,820    
-
    
-
 
Commissions for guarantees and letters of credit   4,072    18,460    11,014    916    34,462    34,462    
-
    
-
 
Commissions for card services   360,758    34,347    27,394    238    422,737    84,547    338,190    
-
 
Commissions for management of accounts   55,495    3,232    804    7    59,538    59,538    
-
    
-
 
Commissions for collections and payments   84,434    9,846    8,115    (41,483)   60,912    
-
    36,547    24,365 
Commissions for intermediation and management of securities   1,926    598    6,830    133    9,487    
-
    9,487    
-
 
Remuneration for insurance brokerage fees   60,625    56    1    829    61,511    
-
    61,511    
-
 
Commissions for factoring operations services   126    565    549    9    1,249    
-
    1,249    
-
 
Commissions for securitizations   
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
 
Commissions for financial advice   45    5,250    3,980    6,147    15,422    
-
    15,422    
-
 
Office banking   14,190    5,966    1,339    
-
    21,495    21,495    
-
    
-
 
Fees for other services rendered   54,494    5,283    1,044    2    60,823    
-
    60,823    
-
 
Other fees earned   66,003    9,992    6,278    (1,267)   81,006    
-
    81,006    
-
 
Total   718,520    95,089    69,138    (34,234)   848,513    202,862    621,286    24,365 
                                         
Commission expenses                                        
Compensation for card operation   (106,507)   (16,859)   (3,620)   (299)   (127,285)   
-
    (127,285)   
-
 
Commissions for licence for use brands   (5,078)   (943)   (38)   (18)   (6,077)   
-
    (6,077)   
-
 
Commissions for services linked to the credit card and prepaid cards   (16,188)   (584)   (62)   5,891    (10,943)   
-
    (10,943)   
-
 
Commissions for obligations of loyalty programmes and merits for card customers   (94,316)   (990)   
-
    (236)   (95,542)   
-
    (57,325)   (38,217)
Fees and commissions for securities transactions   
-
    
-
    (7,426)   (1,689)   (9,115)   
-
    (9,115)   
-
 
Office banking   (2,286)   (811)   (244)   482    (2,859)   (2,859)   
-
    
-
 
Interbank services   (48,872)   (7,370)   (5,215)   321    (61,136)   
-
    (61,136)   
-
 
Other fees   (68,630)   (2,568)   (2,076)   40,358    (32,916)   
-
    (32,916)   
-
 
Total   (341,877)   (30,125)   (18,681)   44,810    (345,873)   (2,859)   (304,797)   (38,217)
Total Net commission income and expenses   376,643    64,964    50,457    10,576    502,640    200,003    316,489    (13,852)

 

The income and expenses for the commissions of the business segments and the calendar for the recognition of income from ordinary activities as of December 31, 2022 are presented below:
   Segments 

Revenue recognition calendar

for ordinary activities

As of December 31, 2022

  Individuals and PYMEs  Companies and Institutions  Global Investment Banking  Others 

 

Total

 

 

Transferred over time

 

Transferred at a point in time

 

 

Accrual model

   MCh$  MCh$  MCh$  MCh$  MCh$  MCh$  MCh$  MCh$
Commission income                        
Commissions for prepayments   7,072    3,229    11    1,036    11,348    
-
    11,348    
-
 
Commissions of loans with credit lines   170    
-
    
-
    63    233    
-
    233    
-
 
Commissions for lines of credits and overdrafts   7,039    (836)   2,556    7    8,766    8,766    
-
    
-
 
Commissions for guarantees and letters of credit   5,028    20,295    10,036    576    35,935    35,935    
-
    
-
 
Commissions for card services   301,123    24,915    9,417    16,993    352,448    71,904    280,544    
-
 
Commissions for management of accounts   48,336    3,011    845    34    52,226    46,054    6,172    
-
 
Commissions for collections and payments   65,897    9,318    8,052    (29,207)   54,060    
 
    38,065    15,995 
Commissions for intermediation and management of securities   2,249    276    6,874    620    10,019    
-
    10,019    
-
 
Commissions for factoring operations services   52,757    12    1    (202)   52,568    
-
    
-
    52,568 
Commissions for securitizations   313    657    761    98    1,829    
-
    1,829    
-
 
Commissions for financial advice   
-
    
-
    45    
-
    45    
-
    45    
-
 
Remuneration for insurance commercialization   (1,362)   2,894    3,916    3,914    9,362    
-
    9,362    
-
 
Office banking   15,260    5,489    1,022    0    21,771    21,771    
-
    
-
 
Fees for other services rendered   52,059    3,801    668    15    56,543    
-
    56,543    
-
 
Other fees earned   47,603    9,790    6,905    (2,388)   61,910    
-
    61,910    
-
 
Total   603,544    82,851    51,109    (8,441)   729,063    184,430    476,070    68,563 
                                         
Commission expenses                                        
Compensation for card operation   94,473    9,619    1,418    185    105,695    12,505    93,190    
-
 
Commissions for licence for use brands   6,679    620    51    10    7,360    5,500    1,860    
-
 
Commissions for services linked to the credit card and prepaid cards   11,029    391    38    0    11,458    11,458    
-
    
-
 
Commissions for obligations of loyalty programmes and merits for card customers   94,958    987    1    0    95,946    85,412    10,534    
 
 
Fees and commissions for securities transactions   0    0    6,186    2,365    8,551    
 
    8,551    
-
 
Office banking   4,772    (82)   (2,308)   0    2,382    2,382    
-
    
-
 
Interbank services   33,658    6,026    7,804    (60)   47,428    
-
    47,428    
-
 
Other fees   45,269    2,646    619    (5,560)   42,974    
-
    42,974    
-
 
Total   290,838    20,207    13,809    (3,060)   321,794    117,257    204,537    0 
Total Net commission income and expenses   312,706    62,644    37,300    (5,381)   407,269    67,173    271,533    68,563 

 

The income and expenses for the commissions of the business segments and the calendar for the recognition of income from ordinary activities as of December 31, 2021 are presented below:
   Segments 

Revenue recognition calendar

for ordinary activities

As of December 31, 2021  Individuals and PYMEs  Companies and Institutions  Global Investment Banking  Others 

 

Total

 

 

Transferred over time

 

Transferred at a point in time

 

 

Accrual model

   MCh$  MCh$  MCh$  MCh$  MCh$  MCh$  MCh$  MCh$
Commission income                        
Commissions for prepayments   8,360    7,572    1,525    (1,191)   16,266    
-
    16,266    
-
 
Commissions of loans with credit lines   323    1    
-
    (13)   311    
-
    311    
-
 
Commissions for lines of credits and overdrafts   6,284    835    430    53    7,602    7,602    
-
    
-
 
Commissions for guarantees and letters of credit   11,620    19,281    7,983    126    39,010    39,010    
-
    
-
 
Commissions for card services   258,971    11,223    3,401    46    273,641    58,186    215,455    
-
 
Commissions for management of accounts   35,933    2,496    1,149    3    39,581    39,581    
-
    
-
 
Commissions for collections and payments   24,615    1,561    653    42    26,871    
-
    12,498    14,373 
Commissions for intermediation and management of securities   3,687    355    5,790    918    10,750    
-
    10,750    
-
 
Commissions for factoring operations services   43,995    
-
    3    (100)   43,898    
-
    
-
    43,898 
Commissions for securitizations   359    418    444    2    1,223    
-
    1,223    
-
 
Commissions for financial advice   
-
    
-
    29    
-
    29    
-
    29    
-
 
Remuneration for insurance commercialization   1    2,297    12,097    (63)   14,332    
-
    14,332    
-
 
Office banking   12,493    4,494    836    
 
    17,823    17,823    
-
    
-
 
Fees for other services rendered   45,278    3,306    581    13    49,178    
-
    49,178    
-
 
Other fees earned   38,017    6,788    2,311    7,550    54,666    
-
    54,666    
-
 
Total   489,936    60,627    37,232    7,386    595,181    162,202    374,708    58,271 
                                         
Commission expenses                                        
Compensation for card operation   69,756    5,119    1,034    509    76,418    9,041    67,377    
-
 
Commissions for licence for use brands   5,370    215    (15)   
-
    5,570    4,162    1,408    
-
 
Commissions for services linked to the credit card and prepaid cards   9,987    80    16    
-
    10,083    10,083    
-
    
-
 
Commissions for obligations of loyalty programmes and merits for card customers   81,610    621    3    (500)   81,734    72,760    8,974    
-
 
Fees and commissions for securities transactions   
-
    
-
    4,688    3,313    8,001    
-
    8,001    
-
 
Office banking   4,237    (73)   (2,049)        2,115    2,115         
-
 
Interbank services   24,230    4,338    5,618    (43)   34,143    
-
    34,143    
-
 
Other fees   41,588    2,568    4,472    (20,839)   27,789    
-
    27,789    
-
 
Total   236,778    12,868    13,767    (17,560)   245,853    98,161    147,692    
-
 
Total Net commission income and expenses   253,158    47,759    23,465    24,946    349,328    64,041    227,016    58,271