Fair Value of Financial Assets and Liabilities [Abstract]

Schedule of Assets and Liabilities on Recurrent Basis

The following table presents the assets and liabilities that are measured at fair value on a recurrent basis:

	Fair value measurement
As of December 31,	2023		Level 1		Level 2		Level 3
	MCh$		MCh$		MCh$		MCh$
Assets
Financial assets for trading at FVTPL
Financial derivative contracts		10,119,486		-		10,119,486		-
Debt financial instruments		98,308		98,308		-		-
Financial assets at FVOCI
Debt financial instrument		4,536,025		4,528,915		6,656		454
Other financial instruments		105,257						105,257
Financial derivative contracts for hedge accounting		605,529		-		605,529		-
Guarantee deposits (margin accounts)		2,238,900		-		2,238,900		-
Total		17,703,505		4,627,223		12,970,571		105,711
Liabilities
Financial liabilities for trading at FVTPL
Financial derivative contracts		9,521,575		-		9,521,575		-
Financial derivative contracts for accounting hedges		2,466,767		-		2,466,767		-
Guarantees received (margin accounts)		1,081,226		-		1,081,226		-
Total		13,069,568		-		13,069,568		-

	Fair value measurement
As of December 31,	2022		Level 1		Level 2		Level 3
	MCh$		MCh$		MCh$		MCh$
Assets
Financial assets for trading at FVTPL
Financial derivative contracts		11,672,960		-		11,672,922		38
Debt financial instruments		154,046		154,046		-		-
Financial assets at FVOCI
Debt financial instrument		5,880,733		5,870,407		9,894		432
Other financial instruments		142,306		-		-		142,306
Financial derivative contracts for hedge accounting		477,762		-		477,762		-
Guarantee deposits (margin accounts)		2,442,327				2,442,327		-
Total		20,770,134		6,024,453		14,602,905		142,776
Liabilities
Financial liabilities for trading at FVTPL
Financial derivative contracts		11,319,320		-		11,319,320		-
Financial derivative contracts for accounting hedges		2,788,794		-		2,788,794		-
Guarantees received (margin accounts)		1,017,968		-		1,017,968		-
Total		15,126,082		-		15,126,082		-

Schedule of Financial Instruments Classified As Level 3

The table below shows the effect, at December 31, 2023 and 2022, on the fair value of the main financial instruments classified as Level 3 of a reasonable change in the assumptions used in the valuation. This effect was determined by a sensitivity analysis under a 1bp scenario, detailed in the following table:

As of December 31, 2023
Instrument Level 3	Valuation technique	Main unobservable inputs	Impacts (in MCh$) Sens, -1bp Unfavorable scenario	Impacts (in MCh$) Sens, +1bp Favorable scenario
Financial derivatives contracts	Present Value method	Curves on TAB (1)	-	-
Debt financial instruments at FVOCI	Internal rate of return method	BR UF (2)	(28.66)	28.66

As of December 31, 2022
Instrument Level 3	Valuation technique	Main unobservable inputs	Impacts (in MCh$) Sens, -1bp Unfavorable scenario	Impacts (in MCh$) Sens, +1bp Favorable scenario
Financial derivatives contracts	Present Value method	Curves on TAB (1)	(0.6)	0.6
Debt financial instruments at FVOCI	Internal rate of return method	BR UF (2)	(0.07)	0.07

(1)

TAB: “Tasa Activa Bancaria” (Active Bank Rate). Average interest rates on 30, 90, 180 and 360 day deposits published by the Chilean Association of Banks and Financial Institutions (ABIF) in nominal currency (Chilean peso) and in real terms, adjusted for inflation (in Chilean unit of account (Unidad de Fomento - UF)).

(2)

BR: “Bonos de Reconocimiento” (Recognition Bonds). The Recognition Bond is an instrument of money provided by the State of Chile to workers who joined the new pension system, which began operating since 1981.

Schedule of Financial Instruments Subject to Compensation

The following tables show the financial instruments subject to compensation in accordance with IAS 32, for 2023 and 2022:

As of December 31, 2023
	On-balance sheet amounts with netting agreements
Financial instruments	Gross amounts		Compensated in balance		Net amount presented in balance		Remaining financial instruments not linked, nor subject to neeting agreements		Statements of Financial Position balances
Assets	Ch$ Million		Ch$ Million		Ch$ Million		Ch$ Million		Ch$ Million
Financial derivative contracts and hedge accounting (1)		10,575,817		-		10,575,817		149,198		10,725,015
Loans and accounts receivable and interbank loans (2)		-		-		-		39,657,783		39,657,783
Total		10,575,817		-		10,575,817		39,806,981		50,382,798
Liabilities
Financial derivative contracts and hedge accounting		11,732,137		-		11,732,137		256,205		11,988,342
Investments under resale agreements		282,584		-		282,584		-		282,584
Deposits and interbank borrowings		-		-		-		40,042,267		40,042,267
Total		12,014,721		-		12,014,721		40,298,472		52,313,193

(1)

Derivatives contract have guarantees associated for Ch$2,225,820 million and Ch$839,201, respectively.

(2)

Loans and accounts receivable and interbank loans at amortised cost

As of December 31, 2022
	On-balance sheet amounts with netting agreements
Financial instruments	Gross amounts		Compensated in balance		Net amount presented in balance		Remaining financial instruments not subject to neeting agreements		Amount in Statements of Financial Position
Assets	Ch$ Million		Ch$ Million		Ch$ Million		Ch$ Million		Ch$ Million
Financial derivative contracts and hedge accounting (1)		10,280,291		-		10,280,291		1,870,431		12,150,722
Loans and accounts receivable and interbank loans (2)		-		-		-		37,692,840		37,692,840
Total		10,280,291		-		10,280,291		39,563,271		49,843,562
Liabilities
Financial derivative contracts and hedge accounting		11,365,281		-		11,365,281		2,742,833		14,108,114
Investments under resale agreements		315,355		.		315,355		-		315,355
Deposits and interbank borrowings (3)		-		-		-		35,929,781		35,929,780
Total		11,680,636		-		11,680,636		38,672,614		50,353,249

(1)

Derivatives contract have guarantees associated for Ch$1,695,431 million and Ch$746,729, respectively.

(2)

Loans and accounts receivable and interbank loans at amortised cost

(3)

Include Deposits and other demand liabilities, Time deposits and other time liabilities and interbank borrowings