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Equity (Tables) | 12 Months Ended
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Dec. 31, 2024
Disclosure Of Share Capital, Reserves And Other Equity Interest [Abstract] |
Schedule of Activity with Respect to Shares | The activity with respect to shares during 2024, 2024 and 2023 was as follows:
| SHARES |
| As of December 31, |
| 2024 |  | 2023 |  | 2022 |
Issued as of January 1 | 188,446,126,794 |  | 188,446,126,794 |  | 188,446,126,794 |
Issuance of paid shares | - |  | - |  | - |
Issuance of outstanding shares | - |  | - |  | - |
Stock options exercised | - |  | - |  | - |
Issued as of December 31, | 188,446,126,794 |  | 188,446,126,794 |  | 188,446,126,794 |
Schedule of Shareholder Composition | As of December 31, 2024, the shareholder composition was as follows:
Corporate Name or Shareholder’s Name | Shares |  | ADRs (*) |  | Total |  | % of equity holding |
Santander Chile Holding S.A. | 66,822,519,695 |  | - |  | 66,822,519,695 |  | 35.46 | % |
Teatinos Siglo XXI Inversiones S.A. | 59,770,481,573 |  | - |  | 59,770,481,573 |  | 31.72 | % |
The Bank of New York Mellon |  |  | 10,622,438,071 |  | 10,622,438,071 |  | 5.64 | % |
Bancos por cuenta de terceros | 16,842,708,565 |  | - |  | 16,842,708,565 |  | 8.94 | % |
AFP por cuentas de terceros | 20,794,099,878 |  | - |  | 20,794,099,878 |  | 11.03 | % |
Corredoras de bolsa por cuenta de terceros | 5,276,952,871 |  | - |  | 5,276,952,871 |  | 2.80 | % |
Otros accionistas minoritarios | 8,316,926,141 |  | - |  | 8,316,926,141 |  | 4.41 | % |
Total | 177,823,688,723 |  | 10,622,438,071 |  | 188,446,126,794 |  | 100.00 | % |
(*)American Depository Receipts (ADR) are certificates issued by a U.S. commercial bank to be traded on the U.S. securities markets. As of December 31, 2023, the shareholder composition was as follows:
Corporate Name or Shareholder’s Name | Shares |  | ADRs (*) |  | Total |  | % of equity holding |
Santander Chile Holding S.A. | 66,822,519,695 |  | - |  | 66,822,519,695 |  | 35.46 | % |
Teatinos Siglo XXI Inversiones S.A. | 59,770,481,573 |  | - |  | 59,770,481,573 |  | 31.72 | % |
The Bank New York Mellon | - |  | 12,799,964,871 |  | 12,799,964,871 |  | 6.79 | % |
Banks on behalf of third parties | 19,416,795,808 |  | - |  | 19,416,795,808 |  | 10.30 | % |
Pension funds (AFP) on behalf of third parties | 18,392,349,767 |  | - |  | 18,392,349,767 |  | 9.76 | % |
Stock brokers on behalf of third parties | 5,029,151,233 |  | - |  | 5,029,151,233 |  | 2.67 | % |
Other minority holders | 6,214,863,847 |  | - |  | 6,214,863,847 |  | 3.30 | % |
Total | 175,646,161,923 |  | 12,799,964,871 |  | 188,446,126,794 |  | 100.00 | % |
(*)American Depository Receipts (ADR) are certificates issued by a U.S. commercial bank to be traded on the U.S. securities markets. NOTE 21 - EQUITY, continued As of December 31, 2022, the shareholder composition was as follows:
Corporate Name or Shareholder’s Name | Shares |  | ADRs (*) |  | Total |  | % of equity holding |
Santander Chile Holding S.A. | 66,822,519,695 |  | - |  | 66,822,519,695 |  | 35.46 | % |
Teatinos Siglo XXI Inversiones S.A. | 59,770,481,573 |  | - |  | 59,770,481,573 |  | 31.72 | % |
The Bank New York Mellon | - |  | 19,845,850,871 |  | 19,845,850,871 |  | 10.53 | % |
Banks on behalf of third parties | 16,841,385,216 |  | - |  | 16,841,385,216 |  | 8.94 | % |
Pension funds (AFP) on behalf of third parties | 13,742,809,166 |  | - |  | 13,742,809,166 |  | 7.29 | % |
Stock brokers on behalf of third parties | 6,122,497,451 |  | - |  | 6,122,497,451 |  | 3.25 | % |
Other minority holders | 5,300,582,822 |  | - |  | 5,300,582,822 |  | 2.81 | % |
Total | 168,600,275,923 |  | 19,845,850,871 |  | 188,446,126,794 |  | 100.00 | % |
(*)American Depository Receipts (ADR) are certificates issued by a U.S. commercial bank to be traded on the U.S. securities markets.
Schedule of Basic and Diluted Earnings Per Share | As of December 31, 2024, 2023 and 2022 the basic and diluted earnings per share were as follows:
| As of December 31, |
| 2024 |  | 2023 |  | 2022 |
| MCh$ |  | MCh$ |  | MCh$ |
a) Basic earnings per share |  |  |  |  |  |
Total attributable to the shareholders of the Bank | 852,964 |  |  | 579,427 |  |  | 792,276 |  |
Weighted average number of outstanding shares | 188,446,126,794 |  | 188,446,126,794 |  | 188,446,126,794 |
Basic earnings per share (in Ch$) | 4.526 |  |  | 3.075 |  |  | 4.204 |  |
Basic earnings per share from continuing operations (in Ch$) | 4.526 |  |  | 3.075 |  |  | 4.204 |  |
Basic earnings per share from discontinued operations (in Ch$) | - |  |  | - |  |  | - |  |
b) Diluted earnings per share |  |  |  |  |  |
Total attributable to the shareholders of the Bank | 852,964 |  |  | 579,427 |  |  | 792,276 |  |
Weighted average number of outstanding shares | 188,446,126,794 |  | 188,446,126,794 |  | 188,446,126,794 |
Adjusted number of shares | 188,446,126,794 |  | 188,446,126,794 |  | 188,446,126,794 |
Diluted earnings per share (in Ch$) | 4.526 |  |  | 3.075 |  |  | 4.204 |  |
Diluted earnings per share from continuing operations (in Ch$) | 4.526 |  |  | 3.075 |  |  | 4.204 |  |
Diluted earnings per share from discontinued operations (in Ch$) | - |  |  | - |  |  | - |  |
Schedule of Other Comprehensive Income from Available for Sale Investments and Cash Flow Hedges | Other comprehensive income from available for sale investments and cash flow hedges:
| For the years ended December 31, |
| 2024 |  | 2023 |  | 2022 |
| MCh$ |  | MCh$ |  | MCh$ |
Debt instruments at FVOCI |  |  |  |  |  |
As of January 1, | (89,748) |  |  | (109,392) |  |  | (112,223) |  |
Gain (losses) on the re-measurement of debt instruments at FVOCI, before tax | 67,968 |  |  | 145,257 |  |  | 23,004 |  |
Recycling from other comprehensive income to income for the year | - |  |  | - |  |  | - |  |
Net realized gains | (45,381) |  |  | (125,613) |  |  | (20,173) |  |
Subtotals | 22,587 |  |  | 19,644 |  |  | 2,831 |  |
Total | (67,161) |  |  | (89,748) |  |  | (109,392) |  |
Cash flow hedges |  |  |  |  |  |
As of January 1, | 84,416 |  |  | (118,838) |  |  | (373,581) |  |
Gains (losses) on the re-measurement of cash flow hedges, before tax | (126,880) |  |  | 243,366 |  |  | 298,029 |  |
Recycling adjustments on cash flow hedges, before tax | (35,337) |  |  | (40,112) |  |  | (43,286) |  |
Amounts removed from equity and included in carrying amount of non-financial asset (liability) which acquisition or incurrence was hedged as a highly probable transaction | - |  |  | - |  |  | - |  |
Subtotals | (162,217) |  |  | 203,254 |  |  | 254,743 |  |
Total | (77,801) |  |  | 84,416 |  |  | (118,838) |  |
Other comprehensive income, before taxes | (144,962) |  |  | (5,332) |  |  | (228,230) |  |
Income tax related to other comprehensive income components |  |  |  |  |  |
Income tax relating to debt instruments at FVOCI | 18,133 |  |  | 24,231 |  |  | 29,536 |  |
Income tax relating to cash flow hedges | 21,006 |  |  | (22,792) |  |  | 32,086 |  |
Total | 39,139 |  |  | 1,439 |  |  | 61,622 |  |
Other comprehensive income, net of tax | (105,823) |  |  | (3,893) |  |  | (166,608) |  |
Attributable to: |  |  |  |  |  |
Shareholders of the Bank | (107,174) |  |  | (5,242) |  |  | (167,147) |  |
Non-controlling interest | 1,351 |  |  | 1,349 |  |  | 539 |  |
Schedule of Perpetual Bonds | As of December 31, 2024 and 2023 the balance of the perpetual bonds was as follow:
| As of December 31, |
| 2024 |  | 2023 |
| MCh$ |  | MCh$ |
Perpetual bond | 693,382 |  |  | 608,721 |  |
Totals | 693,382 |  |  | 608,721 |  |
The detail of perpetual bonds is as follows:
| As of December 31, |
| 2024 |  | 2023 |
| MCh$ |  | MCh$ |
US$ Bonds | 693,382 |  |  | 608,721 |  |
Total | 693,382 |  |  | 608,721 |  |
Schedule of Bank’s Debts, both Current and Non-Current | 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, 2024 |  | As of December 31, 2023 |
| Current |  | Non-current |  | Total |  | Current |  | Non-current |  | Total |
| MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |
Perpetual bonds | - |  | 693,382 |  |  | 693,382 |  |  | - |  | 608,721 |  |  | 608,721 |  |
Total | - |  | 693,382 |  |  | 693,382 |  |  | - |  | 608,721 |  |  | 608,721 |  |
Schedule of Placement of Perpetual Bond | The terms of the perpetual bonds were as follows:
Series |  | Currency |  | Amount |  | Terms (years) |  | Interest Rate (Annual) |  | Issuance date |  | Principal Amount USD |  | Maturity date |
AT1 Bond |  | USD |  | 700,000,000 |  | - |  | 4.63 |  | 10-21-2021 |  | 700,000,000 |  | - |
Total USD |  |  |  | 700,000,000 |  |  |  |  |  |  |  | 700,000,000 |  |  |
Schedule of Regulatory Capital Financial Instruments | The movement of the balance of regulatory capital financial instruments issued as of December 31, 2024 and 2023, is as follows:
| 2024 |  | 2023 |  | 2022 |
| MCh$ |  | MCh$ |  | MCh$ |
Balances as of January 01, | 608,721 |  |  | 590,247 |  |  | 598,136 |  |
New issuances |  |  | - |  |  | - |  |
Accrued inflation adjustment due to UF | 115,480 |  |  | - |  |  | (7,889) |  |
Other movements (discounts, hedges) | (30,819) |  |  | 18,474 |  |  | - |  |
Balances as of December 31, | 693,382 |  |  | 608,721 |  |  | 590,247 |  |

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