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Financial Liabilities at Amortised Cost
 12 Months Ended
Dec. 31, 2024
Financial Liabilities At Amortised Cost [Abstract]  
Financial Liabilities at Amortised Cost FINANCIAL LIABILITIES AT AMORTISED COST
 As of December 31,
 20242023
 MCh$MCh$
Deposits and other demand liabilities
Checking accounts11,898,457 11,014,748 
Demand accounts450,202 500,723 
Other demand deposits430,519 352,865 
Obligation related to payments cards provision35,196 1,007 
Other demand liabilities1,446,235 1,668,483 
Subtotal14,260,609 13,537,826 
Time deposits and other time liabilities  
Time deposits16,867,607 15,939,325 
Time savings account221,973 189,757 
Other time liabilities9,045 8,860 
Subtotal17,098,625 16,137,942 
Obligations under repurchase agreements  
Operation with foreign banks– – 
Operation with other Chilean entities276,588 282,584 
Subtotal276,588 282,584 
Interbank borrowings  
Loans from chilean financial institutions52,311 46,218 
Loans from foreign financial institutions4,285,636 4,271,414 
Loans from Chilean Central Bank– 6,048,867 
Subtotal4,337,947 10,366,499 
Issue debt instruments  
Mortgage finance bonds220 1,229 
Senior bonds8,067,274 7,925,385 
Mortgage bond65,781 74,431 
Subtotal8,133,275 8,001,045 
Other financial liabilities  
Other domestic obligations200,337 296,273 
Foreign obligations204 – 
Subtotal200,541 296,273 
   
Total44,307,585 48,622,169 
NOTE 17 - FINANCIAL LIABILITIES AT AMORTISED COST, continued
a.Obligations under from 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, 2024 and 2023, obligations related to instruments sold under repurchase agreements are as follows:
 As of December 31,
 20242023
 From 1 day to less than 3 months More than 3 months and less than 1 yearMore than 1 yearTotalFrom 1 day to less than 3 monthsMore than 3 months and less than 1 yearMore than 1 yearTotal
 MCh$MCh$MCh$MCh$MCh$MCh$MCh$MCh$
Chilean Central Bank and Government securities
Chilean Treasury bonds and notes276,588 - - 276,588 282,410 101 - 282,511 
Subtotal276,588 - - 276,588 282,410 101 - 282,511 
Other Chilean debt financial securities        
Chilean Bank debt financial instruments- - - - 73 - - 73 
Subtotal- - - - 73 - - 73 
Foreign financial debt securities        
Other foreign debt financial instruments- - - - - - - - 
Subtotal- - - - - - - - 
         
Total276,588 - - 276,588 282,483 101 - 282,584 
NOTE 17 - FINANCIAL LIABILITIES AT AMORTISED COST, continued
b.Interbank borrowings
As of December 31, 2024 and 2023 the Interbank borrowings are as follows:
 As of December 31,
 20242023
 MCh$MCh$
Loans from Chilean Central Bank
Other liabilities with Chilean Central Bank- 6,048,867 
Subtotal- 6,048,867 
Loans from chilean financial institutions
Commercial interbank loans52,311 46,218 
Subtotal52,311 46,218 
Loans from foreign financial institutions
State Bank Of India776,749 693,432 
Wells Fargo Bank NA538,546 497,833 
Hong Kong and Shanghai Banking397,288 126,075 
Citibank N.A.385,461 378,760 
International Finance Corporate296,139 173,417 
Sumitomo Mitsui Banking Corporation249,618 451,646 
The Bank Of New York Mellon220,051 222,953 
Bank of America179,688 362,876 
Standard Chartered Bank161,666 318,573 
Commerzbank Ag151,921 170,966 
Banco Bilbao Vizcaya Argentaria150,848 88,060 
Zurcher Kantonalbank148,656 132,363 
Caixabank Sa127,882 - 
Saudi National Bank103,009 87,550 
Corporacion Andina De Fomento101,000 44,674 
Banco Santander Hong Kong55,982 9,641 
Jpmorgan Chase Bank National A52,224 - 
Bnp Paribas Sa51,235 - 
Lloyds Bank Plc30,087 - 
Banco Santander Singapur29,132 22,309 
Abanca Corporacion Bancaria S.A.25,351 8,791 
Bank Of Baroda19,900 70,521 
Dz Bank Ag Deutsche Zentralgen14,918 - 
Instituto De Credito Oficial5,519 - 
Dresdner Bank Frankfurt3,243 - 
Agricultural Bank Of China3,034 1,015 
Bank Of China1,738 1,264 
Banco De La Provincia De Bueno865 - 
Industrial And Commercial Bank471 144 
Mufg Bank, Ltd. 460 - 
Cassa Di Risparmio Di Parma E414 174 
China Merchants Bank300 182 
Kbc Bank Nv 274 - 
Itau Unibanco S/A 262 - 
Banco Santander Central Hispano209 1,734 
Turkiye Garanti Bankasi187 70 
Continued…
NOTE 17 - FINANCIAL LIABILITIES AT AMORTISED COST, continued
 As of December 31,
Continued...20242023
 MCh$MCh$
Loans from foreign financial institutions, continued
Korea Exchange Bank171 2,416 
Wachovia Bank Na163 266 
Bank Of Communications,Co. Ltd157 71 
The Industrial And Commercial152 121 
Shinhan Bank139 27 
Bank For Investment And Devel134 - 
Finansbank A.S.90 38 
China Construction Bank75 298 
Hua Nan Commercial Bank, Ltd.71 211 
Arab Bank Plc 40 - 
Intesa Sanpaolo Spa 30 - 
Icici Bank Limited28 166 
National Bank Of Greece S.A. ,21 - 
Unicredit Bulbank Ad 18 - 
Deutsche Bank Ag 18 - 
Santander Madrid Rrhh Convenio Social2 - 
The Toronto Dominion Bank- 136,525 
Barclays Bank Plc London- 134,625 
Bayerische Landesbank Ag Munic- 70,242 
Bank Of Montreal- 49,945 
Taishin International Bank Co.- 8,740 
Bank of Tokio Mitsubishi- 443 
Komercni Banka A.S.- 392 
Australian And New Zeland Banking Group Ltd.- 354 
Banca Intesa S.P.A.- 282 
Banco Do Brasil- 281 
Bbva Bancomer- 225 
Bangkok Bank Public Company Limited- 219 
E. Sun Commercial Bank Ltd. ,- 121 
Banco De Sabadell, S.A.- 107 
Rhb Bank Berhad- 61 
Export-Import Bank Of Thailand- 56 
Banco Rio De La Plata S.A.- 50 
Bank Of India- 47 
Citic Industrial Bank- 37 
Yapi Ve Kredi Bankasi A.S.- 21 
Svenka Handelsbanken Estocolmo- 4 
Subtotal4,285,636 4,271,414 
Total4,337,947 10,366,499 
NOTE 17 - FINANCIAL LIABILITIES AT AMORTISED COST, continued
i.Loans from the Chilean Central Bank
As part of the measures to address the Covid-19 pandemic, the Chilean Central Bank provided a Credit Facility Conditional on Increased Loans (FCIC) and a Liquidity Credit Line (LCL), with the objective that Chilean banks provide credit financing to households, SMEs and companies during the economic crisis generated by the pandemic.
These facilities expired in April and July 2024, for more information see note No. 02.
The loans balances from the Chilean Central Bank by maturity are as follows:
 As of December 31,
 20242023
 MCh$MCh$
Due within 1 year- 6,048,867 
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 Central Bank- 6,048,867 
ii.Loans from Chilean financial institutions
These obligations’ maturities are as follows:
 As of December 31,
 20242023
 MCh$MCh$
Due within 1 year12,311 46,218 
Due within 1 and 2 year40,000 - 
Due within 2 and 3 year- - 
Due within 3 and 4 year- - 
Due after 5 years- - 
Total loans from Chilean financial institutions52,311 46,218 
iii.Foreign obligations
 As of December 31,
 20242023
 MCh$MCh$
Due within 1 year3,353,155 3,793,613 
Due within 1 and 2 year630,918 304,384 
Due within 2 and 3 year197,765 - 
Due within 3 and 4 year- 173,417 
Due after 5 years103,798 - 
Total loans from foreign financial institutions4,285,636 4,271,414 
NOTE 17 - FINANCIAL LIABILITIES AT AMORTISED COST, continued
c.Issued debt instruments
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, 2024As of December 31, 2023
CurrentNon-currentTotalCurrentNon-currentTotal
MCh$MCh$MCh$MCh$MCh$MCh$
Mortgage finance bonds213 7 220 975 254 1,229 
Senior bonds2,646,294 5,420,980 8,067,274 1,849,062 6,076,323 7,925,385 
Mortgage bond- 65,781 65,781 - 74,431 74,431 
Issued debt instruments2,646,507 5,486,768 8,133,275 1,850,037 6,151,008 8,001,045 
     
Other financial liabilities200,541 - 200,541 296,095 178 296,273 
     
Total2,847,048 5,486,768 8,333,816 2,146,132 6,151,186 8,297,318 
i.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 5.18% as of December 31, 2024 (5.23% as of December 31, 2023).
 As of December 31,
 20242023
 MCh$MCh$
Due within 1 year213 975 
Due after 1 year but within 2 years7 254 
Due after 2 year but within 3 years- - 
Due after 3 year but within 4 years- - 
Due after 4 year but within 5 years- - 
Due after 5 years- - 
Total mortgage finance bonds220 1,229 
ii.Senior bonds
The following table shows senior bonds by currency:
 As of December 31,
 20242023
 MCh$MCh$
Santander bonds in UF3,830,030 3,632,979 
Santander bonds in USD1,971,887 2,424,045 
Santander bonds in CHF866,942 637,203 
Santander bonds in Ch$827,738 619,386 
Santander bonds in AUD93,244 116,515 
Current bonds in JPY296,831 323,922 
Santander bonds in EUR180,602 171,335 
Total senior bonds8,067,274 7,925,385 
NOTE 17 - FINANCIAL LIABILITIES AT AMORTISED COST, continued
1.Placement of senior bonds
In 2024, the Bank issued bonds for UF 21,302,000, CLP 145,550,000,000 and CHF 225,000,000, detailed as follows:
SeriesCurrencyAmountTerm
(years)		Issuance rate
(% annual)		Issuance datePlacement dateMaturity date
AA13UF1,795,000 6 years0.0309-01-202301-03-202409-01-2029
AA14UF4,567,000 5 years0.0312-01-202302-07-202412-01-2028
W3UF3,160,000 7.5 years0.0212-01-201801-04-202406-01-2026
AA15UF1,615,000 4 years0.0310-01-202305-09-202411-01-2030
AA16UF3,000,000 2.5 years0.0304-01-202407-05-202410-01-2026
T21UF2,165,000 7.5 years2.7506-01-202207-08-202412-01-2029
T19UF5,000,000 11 years2.6508-01-202210-17-202408-01-2033
Total UF 21,302,000      
AA7CLP7,350,000,000 3.5 years0.0702-24-202301-04-202408-01-2026
AA10CLP25,000,000,000 3 years0.0703-01-202303-25-202403-01-2026
AA8CLP67,500,000,000 4.5 years0.0703-01-202301-05-202409-01-2027
AA2CLP4,000,000,000 6.5 years0.0612-01-202201-11-202406-01-2029
AA9CLP41,700,000,000 8 years0.0611-01-202201-05-202411-01-2030
Total CLP 145,550,000,000      
Bonos CHF
CHF
225,000,000 3 years0.0201-11-202401-25-202401-25-2027
Total CHF 225,000,000      
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:
SeriesCurrencyAmountTerm
(years)		Issuance rate
(% annual)		Issuance datePlacement dateMaturity date
W3UF2,724,000 7.5 years1.6012-01-201802-21-202306-01-2026
W5UF3,790,000 9 years1.8003-01-201901-19-202303-01-2028
AA13UF1,205,000 6 years3.4009-01-202311-23-202309-01-2029
Total UF7,719,000 
U7CLP3,000,000,000 5.5 years7.0003-01-202202-24-202309-01-2027
T18CLP75,000,000,000 5.5 years7.5006-01-202201-09-202312-01-2027
AA7CLP67,650,000,000 3.5 years6.8002-24-202302-24-202308-01-2026
AA1CLP100,000,000,000 6 years6.6003-13-202303-13-202312-01-2028
AA3CLP100,000,000,000 8 years6.2003-16-202303-16-202309-01-2030
AA10CLP25,000,000,000 3 years7.1003-01-202306-09-202303-01-2026
AA8CLP32,500,000,000 4.5 years6.7003-01-202306-13-202309-01-2027
AA2CLP18,250,000,000 6.5 years6.2012-01-202212-05-202306-01-2029
AA9CLP3,000,000,000 8 years6.3011-01-202212-20-202311-01-2030
Total CLP424,400,000,000 
Bono USDUSD30,000,000 1 year5.8404-12-202304-19-202304-19-2024
Total USD30,000,000 
Bono JPYJPY10,500,000,000 1 year0.6004-24-202304-28-202304-28-2024
Bono JPYJPY7,000,000,000 2 years0.7805-24-202305-30-202305-30-2025
Bono JPYJPY8,000,000,000 2 years0.7810-20-202310-27-202310-27-2025
Total JPY25,500,000,000 
NOTE 17 - FINANCIAL LIABILITIES AT AMORTISED COST, continued
2.Repurchase of senior bonds
During 2024, the Bank repurchased the following bonds:
DateTypeCurrencyAmount
January 2024SeniorCLP1,270,000,000 
January 2024SeniorUF2,137,000 
January 2024SeniorUSD18,368,000 
March 2024SeniorCLP310,000,000 
March 2024SeniorJPY10,500,000,000 
March 2024SeniorUF932,000 
June 2024SeniorUF216,000 
October 2024SeniorUF4,365,000 
Noviembre 2024SeniorUSD4,938,000 
During 2023, the Bank repurchased the following bonds:
DateTypeCurrencyAmount
January 2023SeniorUF13,100 
January 2023SeniorUF44,000 
January 2023SeniorUF45,000 
April 2023SeniorUF80,000 
April 2023SeniorUF30,000 
May 2023Senior
CLP
91,000,000,000 
July 2023SeniorUF50,000 
December 2023SeniorUF73,000 
December 2023SeniorUF1,000 
3.The maturities of senior bonds are as follows:
 As of December 31,
 20242023
 MCh$MCh$
Due within 1 year2,646,294 1,849,062 
Due after 1 year but within 2 years1,329,369 1,577,424 
Due after 2 year but within 3 years991,289 1,395,929 
Due after 3 year but within 4 years600,858 559,331 
Due after 4 year but within 5 years530,873 573,349 
Due after 5 years1,968,591 1,970,290 
Total senior bonds8,067,274 7,925,385 
iii.Mortgage bonds
Detail of mortgage bonds per currency is as follows:
 As of December 31,
 20242023
 MCh$MCh$
Mortgage bonds in UF65,78174,431
Total mortgage bonds65,78174,431
NOTE 17 - FINANCIAL LIABILITIES AT AMORTISED COST, continued
1.Allocation of mortgage bonds
During 2024 and 2023, the Bank has not placed any mortgage bonds.
2.The maturities of Mortgage bonds are as follows
 As of December 31,
 20242023
 MCh$MCh$
Due within 1 year- - 
Due after 1 year but within 2 years- 13,997 
Due after 2 year but within 3 years- 14,398 
Due after 3 year but within 4 years36,950 14,812 
Due after 4 year but within 5 years- 15,240 
Due after 5 years28,831 15,984 
Total Mortgage bonds65,781 74,431 

d.Other financial liabilities
The composition of other financial obligations, by maturity, is detailed below:
 As of December 31,
 20242023
 MCh$MCh$
Non-current portion
Due after 1 year but within 2 years- 78 
Due after 2 year but within 3 years- 86 
Due after 3 year but within 4 years- 14 
Due after 4 year but within 5 years- - 
Due after 5 years- - 
Non-current portion subtotal- 178 
Current portion  
Amounts due to credit card operators198,633 171,529 
Acceptance of letters of credit204 - 
Other long-term financial obligations, short-term portion1,704 124,566 
Current portion subtotal200,541 296,095 
   
Total other financial liabilities200,541 296,273