Expected Credit Losses Allowance

12 Months Ended

Dec. 31, 2024

Expected Credit Losses Allowance [Abstract]

EXPECTED CREDIT LOSSES ALLOWANCE

As of December 31, 2024, 2023 and 2022, under the credit risk model established by IFRS 9 the ECL allowance by stage recorded at income statements is as follows:


	For the year ended December 31, 2024 *
	Stage 1		Stage 2		Stage 3
	Corporate	Other ** commercial	Corporate	Other ** commercial	Corporate	Other ** commercial	TOTAL
	MCh$	MCh$	MCh$	MCh$	MCh$	MCh$	MCh$
Commercial loans	(3,447)	(9,814)	(842)	(3,100)	(84,997)	(147,393)	(249,593)
Mortgage loans	-	(1,515)	-	(6,783)	-	(45,276)	(53,574)
Consumer loans	-	1,347	-	(6,022)	-	(352,972)	(357,647)
Contingent loans	(696)	3,152	(91)	(653)	963	227	2,902
Loans and account receivable at FVOCI	(1,040)	-	-	-	-	-	(1,040)
Debt at FVOCI	(188)	-	-	-	-	-	(188)
Debt at amortised cost	606	-	-	-	-	-	606
Subtotal	(4,765)	(6,830)	(933)	(16,558)	(84,034)	(545,414)	(658,534)
Recovery of loans previously charged-off							153,944
TOTAL							(504,590)

*Includes overlays for an amount of MCh$89,994 to cover certain defaulted loans from mortgage and other commercial portfolios. See Note 37, Risk management.

**Includes Other Commercial, Mortgages and Consumer.


	For the year ended December 31, 2023 *
	Stage 1		Stage 2		Stage 3
	Corporate	Other ** commercial	Corporate	Other ** commercial	Corporate	Other ** commercial	TOTAL
	MCh$	MCh$	MCh$	MCh$	MCh$	MCh$	MCh$
Commercial loans	(132)	3,898	19,358	(4,686)	(92,539)	(81,616)	(155,717)
Mortgage loans	-	4,582	-	1,213	-	(97,364)	(91,569)
Consumer loans	-	(29,029)	-	(57,262)	-	(119,881)	(206,172)
Contingent loans	1,184	14,256	6,316	1,834	(816)	1,589	24,363
Loans and account receivable at FVOCI	201	-	-	-	-	-	201
Debt at FVOCI	-	78	-	-	-	-	78
Debt at amortised cost	-	(1,038)	-	-	-	-	(1,038)
Subtotal	1,253	(7,253)	25,674	(58,901)	(93,355)	(297,272)	(429,854)
Recovery of loans previously charged-off							107,069
TOTAL							(322,785)

*Includes overlays for an amount of MCh$93,614 for future macro-economic information and scenarios updates. See Note 37, Risk management.

**Includes Other Commercial, Mortgages and Consumer

NOTE 33 - EXPECTED CREDIT LOSSES ALLOWANCE, continued


	For the year ended December 31, 2022
	Stage 1		Stage 2		Stage 3
	Corporate	Others ** commercial	Corporate	Others commercial	Corporate	Others** commercial	TOTAL
	MCh$	MCh$	MCh$	MCh$	MCh$	MCh$	MCh$
Commercial loans	(4,325)	(8,734)	(272)	(515)	(90,349)	(93,961)	(198,156)
Mortgage loans	-	5,010	-	4,936	-	(51,327)	(41,381)
Consumer loans	-	(16,234)	-	(72,115)	-	(113,510)	(201,859)
Contingent loans	(453)	(2,864)	837	231	(1,511)	(1,429)	(5,189)
Loans and account receivable at FVOCI	(58)	-	-	-	-	-	(58)
Debt at FVOCI	-	529	-	-	-	-	529
Debt at amortised cost	-	(957)	-	-	-	-	(957)
Total	(4,836)	(23,250)	565	(67,463)	(91,860)	(260,227)	(447,071)
Recovery of loans previously charged-off							90,577
TOTAL							(356,494)

**Includes Other Commercial, Mortgages and Consumer.