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Consolidated Statements of Cash Flows - CLP ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Statement of cash flows [abstract]      
NET INCOME FOR THE YEAR $ 859,850 $ 593,837 $ 807,482
Adjustments for non-cash items included in net income (1,573,032) (1,306,901) (1,456,419)
Depreciation and amortization 141,435 143,762 129,993
Impairment of property, plant, and equipment 1,295 1,912 0
Provision for loan losses 658,534 429,854 447,071
Mark to market of trading investments (45,365) (125,613) (20,173)
Income from investments in associates and other companies (8,533) (8,763) (10,310)
Net gain on sale of assets received in lieu of payment (3,993) (8,452) (4,354)
Provision on assets received in lieu of payment 95 (858) 743
Net sale on sale of investment in associates and other companies (1,903) 0 0
Net gain on sale of property, plant and equipment (5,123) (5,281) (6,405)
Net interest income (1,786,786) (1,093,049) (1,570,112)
Net fee and commission income (547,066) (502,640) (407,268)
Changes in deferred taxes 12,659 (131,195) (52,181)
Other non-cash items 11,719 (6,578) 36,577
Increase/decrease in operating assets and liabilities 1,195,570 2,028,822 289,949
(Increase)/decrease of loans and accounts receivables from customers, net (549,114) (2,047,036) (2,026,071)
(Increase)/decrease of financial investments 4,618,410 (1,908,858) (647,482)
Decrease/ (increase) of interbank loans 37,068 (35,372) (32,527)
Decrease/(increase) of assets received or awarded in lieu of payment (21,082) (5,685) (1,533)
Increase/(decrease) of debits in customers checking accounts 883,710 (697,222) (2,673,664)
(Decrease)/increase of time deposits and other time liabilities 960,683 3,159,152 2,847,734
(Decrease)/increase of obligations with domestic banks 6,093 4,900 40,093
Increase/(decrease) of other demand liabilities or time obligations 61,322 (162,301) (756,337)
Increase/(decrease) of obligations with foreign banks 14,222 1,032,051 25,445
Increase/(decrease) of obligations with Central Bank of Chile (6,048,867) 464,784 (27,356)
(Decrease)/increase of obligations under repurchase agreements (5,996) (32,771) 228,721
(Decrease)/increase in other financial liabilities (95,732) 3,278 110,089
(Decrease)/increase of other assets and liabilities 609,870 940,645 1,989,113
Redemption of letters of credit (1,009) (2,568) (3,681)
Senior bond issuances 692,004 775,171 461,221
Redemption of senior bonds and payments of interest (1,221,744) (266,794) (1,183,950)
Redemption of mortgage bonds and payments of interest (8,647) (7,545) (6,655)
Redemption of perpetual bond and payments of interest (30,818) (28,243) (28,263)
Payment of interest on lease obligations (7,617) (3,601) (2,855)
Interest received 4,964,892 4,662,944 4,086,656
Interest paid (4,076,146) (4,135,540) (2,516,544)
Dividends received from investments in other companies 966 2,944 526
Fees and commissions received 692,044 621,286 729,063
Fees and commissions paid (278,942) (304,797) (321,794)
Total cash flow (used in) provided by operating activities 482,388 1,315,758 (358,988)
B - CASH FLOWS FROM INVESTMENT ACTIVITIES:      
Purchases of property, plant, and equipment (63,161) (74,426) (58,393)
Sales of property, plant, and equipment 1,140 1,643 18,690
Purchases of intangible assets (44,559) (45,067) (54,899)
Total cash flow used in investment activities (106,580) (117,850) (94,602)
C - CASH FLOW FROM FINANCING ACTIVITIES:      
Dividends paid (347,483) (485,191) (464,977)
Placement of subordinated bond 0 0 102,481
Lease obligations paid (25,364) (30,101) (21,827)
Total cash flow used in financing activities (372,847) (515,292) (384,323)
D – NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS DURING THE YEAR 2,961 682,616 (837,913)
E – EFFECTS OF FOREIGN EXCHANGE RATE FLUCTUATIONS 7,317 (1,778) 25,904
F - INITIAL BALANCE OF CASH AND CASH EQUIVALENTS 2,760,724 2,079,886 2,891,895
FINAL BALANCE OF CASH AND CASH EQUIVALENTS 2,771,002 2,760,724 2,079,886
Reconciliation of provisions for the Consolidated Statements of Cash Flow for the year ended      
Provision for loan losses for cash flow purposes (658,534) (429,854) (447,071)
Recovery of loans previously charged off 153,944 107,069 90,577
Provision for loan losses – net $ (504,590) $ (322,785) $ (356,494)